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2024-12-31-accounts

Charity registration number

1184477

Friends of Westminster Memorial Hospital

ANNUAL REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Friends of Westminster Memorial Hospital

Contents of the Financial Statements for the Year Ended 31 December 2024

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 2024

The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. 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

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

Friends' Events Committee (previously Hospital Events Committee)

Ongoing Covid-19 restrictions continue to have a major impact on the hospital events program due to a ban on using of the therapy and day rooms 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 only granted for the event to take place on the August bank holiday Saturday. Many staff were away and therefore unable to run stalls, thereby putting extra strain on the FEC to cover the stalls. The weather forecast was for rain and the Hospital cancelled the event the day before on Health and Safety grounds. The imposition on the FEC of the date when the event could be held led to significant extra pressure on the committee and their helpers, all of whom are volunteers. After the event was cancelled, the committee members felt they were neither supported, nor able to manage Hospital events under the new restrictions, and, except for one committee member, resigned.

The FEC was disbanded until a new committee could be formed and responsibility for Matron’s Shopping Trolley defaulted to the Trustee board.

Charitable activities

Fundraising – Fundraising continued to prove to be difficult with none of the historic events running except for the cancelled Summer Fete. The FEC were not able to recruit enough volunteers to cover the now 2-day Gillingham & Shaftesbury Show (previously one-day and with free tickets) and so, for the first time in decades, the Friends were not represented. However, several other events took place organised by either the FEC or supporters.

Page 3

Friends of Westminster Memorial Hospital

Report of the Trustees for the Year Ended 31 December 2024 (continued)

ACHIEVEMENT AND PERFORMANCE (continued)

Charitable activities (continued)

May : FEC Quiz night, with Fish’n chips, was held at the Royal British Legion and Garden volunteers plant sale June : Open Garden Day on Park Walk, kindly organised by CIO Friends, raised £210 July : Butterstock Festival proceeds were generously donated and raised £1,250 August : FEC Summer Fête – CANCELLED due to bad weather September : Garden volunteer Tea Dance November : Gillingham Rotary kindly organised a Quiz night and raised £150

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 provides for Matron’s shopping trolley with requests presented at each Hospital Events Committee meetingand, since September, the Trustee Board. 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 2023, 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.

Greetings cards – A variety of cards are now being sold from the Hospital Reception all year long and this has provided another much-needed source of income.

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.

ArtCare – The CIO funds weekly patient activates to help engage and encourage 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.

Hospital garden –The CIO provides an annual grant of £300 for plants, seeds, compost etc. and, when necessary, capital funding for equipment. This is supplemented by plant sales either at events or at the Hospital reception, and an annual Tea Dance organised by the head volunteer gardener. There have also been further donations of funds and materials from several companies.

The garden volunteers maintain the rehab garden (lavender and rose walk, butterfly and bee friendly beds plus both full and wheelchair height raised vegetable beds), to ensure there is a colourful outlook for patients as well as a considerable bounty of fresh organic vegetables and herbs for the kitchen to use in the patient meals. Not only are the vegetables fresh and healthier but the cost savings allow more free meals for families of palliative care patients.

Collection pots – Continue to provide a small, steady but reducing revenue stream, approximately £350 in 2024. A volunteer is, or volunteers are needed to oversee their distribution, emptying and seeking other shops to host them.

In-house media –After a considerable of discussion around either the lack of suitable patients to carry out the trial or patients bringing in their own tablets into Hospital, it has been requested that testing is carried out within the community. 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.

Page 4

Friends of Westminster Memorial Hospital

Report of the Trustees for the Year Ended 31 December 2024 (continued)

Charitable activities (continued)

Website –No further progress was made on the new website although a professional photographer has taken a selection of photographs in each department that can be used when time is found to write the content.

Appeal 2024 – Raised £5,650 towards the landscaping of 1 and 2 Abbey Walk and a yew hedge between the Hospital Garden and Park Walk.

1 Abbey Walk – During the first quarter of 2024 the reduced design scheme went out to tender. BJM were successful in the tender process and building works started in March. The internal works were completed on 22nd July and the Adult Community Mental Health Team started to move into their new home. At the end of 2024 the external works were still to be completed along with some internal snagging.

Pepperell House – January saw the new wing of Pepperell House open their doors to trial an 8-bed step-down Mental Health facility, run by Bournemouth Churches Housing Association on behalf of Dorset HealthCare. These beds are the only step-down Mental Health beds in Dorset and provide accommodation for up to 12 weeks for patients who no longer require a clinical bed but are not able to immediately return home.

At the end of 2024, discussions were still 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 2024 was,

The 2024 Newsletter had to be postponed due to the scale of work being undertaken during the year.

Due to trustee health and commitments the CIO’s 3rd (Friends 75th) Annual Meeting was unable to be held.

Our new Trustee Emmell Sian Salih was appointed Head of Direct Marketing. The Friends Events Committee was disbanded (see page 3) "Friends and Events Committee" (previously Hospital Events Committee).

Page 5

Friends of Westminster Memorial Hospital

Report of the Trustees for the Year Ended 31 December 2024 (continued)

FINANCIAL REVIEW

Financial position

The CIO has free reserves of £138,603 as of 31st December 2024 (2023 - £69,038). Free reserves are calculated by deducting ‘unrestricted’ fixed assets from the unrestricted (and undesignated) reserves held at year-end.

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 £2,143,933 (2023 – £2,427,313) of which £43,663 (2023 – £404,942 ) is restricted.

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 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 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:

Page 6

Friends of Westminster Memorial Hospital

Report of the Trustees for the Year Ended 31 December 2024 (continued)

Investment policy and objectives (continued)

The latest long-term strategy is currently being defined but 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 purchased two properties and funded ingress and egress to the hospital site, increased parking, provided space for the Mental Health Steps2Wellbing Team at 2 Abbey Walk, funded the refurbishment of 1 Abbey Walk for the Community Mental Health Team, provided space for 8 step-down Mental Health beds as well as the potential for another hospital service at Pepperell House. The CIO has also found office space at Pepperell House to allow for the growth of the trustee board, who were previously working from home, space for the Hospital Events Committee and an archive for all the paperwork that was previously stored around the Hospital.

Reserves policy

The purchase of 1 Abbey Walk, and subsequent refurbishment as a clinical unit, 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 RPI-linked 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 for Matron’s Shopping Trolley is anticipated to be funded from sustainable income and appeals. Once the reserves have been replenished, the long-term strategy will be funded in part from £15,000pa from 2 Abbey Walk, £21,000pa from 1 Abbey Walk, and £24,000 from the new wing of Pepperell House.

With £2,143,932 of total reserves of which £43,663 are free ‘unrestricted’ reserves that can be spent and £1,953,333 is property, it is felt that the CIO is well placed in the medium term to deliver our plans as a going concern.

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. We will continue to fund weekly ArtCare activity sessions for patients.

Annual appeal 2024/5: Is to i) landscape the gardens behind 1 and 2 Abbey Walk to provide a therapeutic environment for Mental Health patients whilst increasing the quantity of vegetables and salad grown for the Hospital kitchens, and ii) remove 90m of dead or diseased Privet hedge, between the Hospital and Park Walk, and replant with Yew. The Mental Health Team would like to initiate a grow, cook, eat scheme (as at Blandford Hospital) whereby patients grow and harvest vegetables and then cook and eat them together using the large kitchen in 2 Abbey Walk.

Page 7

Friends of Westminster Memorial Hospital

Report of the Trustees for the Year Ended 31 December 2024 (continued)

FUTURE PLANS (continued)

Long-term strategy: Following the completion of the following:

iii) Extension and refurbishment of 1 Abbey Walk for the use of the Adult Community Mental Health Service iv) 8 step down mental health beds in the new part of Pepperell House

We are now working with Dorset HealthCare to determine the needs of each department that will become the basis of our new long-term strategy.

Hospital Events: There are no planed Hospital events until the Friends Events Committee has been reformed.

Fundraising events: Currently, there are no events planned for 2025.

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: To be held after the accounts have been adopted at The Masonic 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 reforming the Friends’ Events Committee, with general secretarial work, grant applications, assisting at events and help setting up a network of ‘Friends’.

Principle risks and uncertainties

The final meeting of the ‘Friends’ Events Committee’ (FEC) was held on 11th September 2024 when the committee became inquorate due to lack of volunteers. Until further volunteers are found and the FEC reformed, no further events will be held in the Hospital Gardens. This ends a link between the community and the staff, as well as the ability to showcase the valuable work the garden volunteers undertake. Hospital Garden events are the major charitable fundraisers for Matron’s Shopping Trolley.

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.

There is a real and continued risk to subscription income due to the increase in the cost of living and lack of regular communication. This also affects the ability to recruit trustees and volunteers

Until the new website is live, the digital presence beyond Facebook is limited.

Page 8

Friends of Westminster Memorial Hospital

Report of the Trustees for the Year Ended31 December 2024 (continued)

Principle risks and uncertainties (continued)

Lack of legacies or large donations restrict the ability to pursue further capital projects. The Long-term strategy is being updated to provide a catalogue of capital projects required, by clinical department, ideally supported with a Dorset HealthCare rationale (called a Space Utilisation Group (SUG) form) for the extra space, refurbishment or equipment required, with an approximate cost of works attached.

The resignation of Chris Lawrence, Dorset HealthCare Service Director for Estates and Facilities, has left the CIO without access to director level support and decision making. Decisions can now take weeks and contracts months to complete, whereas previously decisions were made within one or two meetings, and contracts prioritised to better utilise volunteers’ time.

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 page 3).

Charity constitution

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, which allow for possible future ventures 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, who formed the Hospital Events Committee (HEC), which from 2024, was known as the Friends Events Committee (FEC), undertake the core charitable activities (Matron’s Shopping Trolley and Events at the Hospital and Gillingham & Shaftesbury Show). The FEC was disbanded in September 2024 when it became inquorate and these core charitable activities will be undertaken by the trustees until such time as the FEC is reformed.

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 eight trustees.

The CIO seeks to appoint up to four 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.

Page 9

Friends of Westminster Memorial Hospital

Report of the Trustees for the Year Ended 31 December 2024 (continued)

Recruitment and appointment of new trustees (continued)

At the 75th AGM on Friday 13th September 2024 Nigel House was re-elected as Trustee and Treasurer from 2024 to 2027 Emmell Sian Salih was appointed as trustee for Direct Marketing at the 75th AGM from 2024 to 2027

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.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity Number 1184477

Principle Address Westminster Memorial Hospital Abbey Walk Shaftesbury SP7 8BD

Trustees

Julian Prichard - Chair Justine Elmendorff - Vice Chair and Fundraising Nigel House - Treasurer Emmell Sian Salih (Appointed 13th September 2024) - Direct Marketing

Advisors

Mark Edmunds - IT and CRM Dr Richard Skaife - IT and Strategic Working Group Elizabeth Heath - Secretary

Friends Events Committee (previously Hospital Event Committee / ex-Trustees of the League of Friends) Bobbie Perrin (Resigned April 2024) Denise Potter (Resigned September 2024) Jim Clarke (Honorary inactive) Pat Hayter (Honorary inactive) Jane Mitchell (Resigned June 2024) Jan Dingley (Resigned September 2024) Elizabeth Hazelwood (Dormant until FEC reformed)

Ex Officio Helen Lawes - N Dorset Locality Manager Alison Law - WMH Matron Carole Paul - WMH General Office Administrator and CIO Membership Secretary

Page 10

Friends of Westminster Memorial Hospital

Report of the Trustees for the Year Ended 31 December 2024 (continued)

REFERENCE AND ADMINISTRATIVE DETAILS (continued)

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

Bankers

Subscriptions and donations - Lloyds bank plc, PO Box 1000, BX1 1LT Reserve Accounts - CAF Bank Ltd, 15 Kings Hill Avenue, Kings Hill, west Malling, ME19 4JQ Appeals - Nat West, The Commons, Shaftesbury, SP7 8JY

Solicitors Paris Smith Solicitors, 9 Parchment Street, Winchester, SO23 8AT Rutter & Rutter Solicitors, St Audreys, Wincanton, Somerset, BA9 9DR Lester Aldridge, Alleyn House, 23-27 Carlton Crescent, Southampton, SO15 2EU

Approved by order of the board of trustees on .................................... and signed on its behalf by: Prichard - Trustee.........................................

Page 11

Friends of Westminster Memorial Hospital

Independent examiner's report to the trustees of Friends of Westminster Memorial Hospital

I report to the charity trustees on my examination of the accounts of Friends of Westminster Memorial Hospital for the year ended 31 December 2024.

This report is made solely to the charity's trustees, 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 state to the charity's trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anoyone other than the charity, the charity's members as a body for my independent examiner's work, for this report, or for the opinions I have formed.

Responsibilities and basis of report

As the charity trustees of the Charity 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 Charity's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

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

  1. Accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do 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 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.

…............................................................

Miss JA Richardson FCA FCCA DChA 32 Award Road

Wimborne BH21 7NT

Date 19th July 2025….......................................

Page 12

Friends of Westminster Memorial Hospital

Statement of Financial Activities

for the Year Ended 31 December 2024

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Other trading activities
3
Investment income
4
Other income
TOTAL
EXPENDITURE ON
Raising funds
5
Charitable activities
6
TOTAL
NET INCOME
Net gains and losses on investments
Net gains and losses on fixed assets
Movement in funds
Transfers between funds
15
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 2024
2023
Unrestricted
Restricted
Total funds
Total funds
£
£
£
£
31,653
11,124
42,777
840,632
46,766
6,415
53,181
21,136
10,197
-
10,197
8,986
-
-
-
250
88,616
17,539
106,155
871,004
2,486
373,985
376,471
24,118
19,440
4,833
24,273
20,853
21,926
378,818
400,744
44,971
66,690
(361,279)
(294,589)
826,033
2,875
-
2,875
1,132
8,333
-
8,333
-
77,898
(361,279)
(283,381)
827,165
-
-
-
-
2,022,371
404,942
2,427,313
1,600,148
2,100,269
43,663
2,143,932
2,427,313

The notes form part of these financial statements

Page 13

Friends of Westminster Memorial Hospital

Balance Sheet 31 December 2024

Notes
FIXED ASSETS
Tangible fixed assets
9
Investments
10
Total fixed assets
CURRENT ASSETS
Debtors
11
Stocks
12
Cash at bank and in hand
Total current assets
CREDITORS
Amounts falling due within one year
13
Net current assets
NET ASSETS
FUNDS OF THE CHARITY
Restricted funds
Unrestricted funds
TOTAL FUNDS
14		 2024
2023
Unrestricted
Restricted
Total funds
Total funds
£
£
£
£
1,961,667
-
1,961,667
1,953,333
-
213,572
213,572
201,889
1,961,667
213,572
2,175,239
2,155,223
3,283
-
3,283
5,361
318
-
318
185
145,242
204,076
349,318
290,280
148,842
204,076
352,918
295,826
10,240
373,985
384,225
23,736
138,603
(169,909)
(31,306)
272,090
2,100,270
43,663
2,143,933
2,427,313
-
43,663
43,663
404,942
2,100,270
-
2,100,270
2,022,371
2,100,270
43,663
2,143,933
2,427,313

The notes form part of these financial statements

Page 14

Friends of Westminster Memorial Hospital

Statement of Cash Flows for the Year Ending 31 December 2024

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 2024
Cash at bank and in hand
290,280		 2024
2023
£
£
58,650
802,166
-
(800,000)
-
(8,662)
10,197
8,986
10,197
(799,676)
68,847
2,490
290,280
287,790
349,318
290,280
2024
2023
£
£
(294,589)
826,033
(10,197)
(8,986)
1,003
931
2,078
(186)
(133)
20
360,488
(15,646)
58,650
802,166
Cash flow
At 31st
December 2024
59,038
349,318

The notes form part of these financial statements

Page 15

Friends of Westminster Memorial Hospital

Notes to the Financial Statements for the Year Ended 31 December 2024

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 accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its useful life. Land and Buildings owned by the charity is revalued every three years in order to maintain an accurate valuation. Impairment considerations are undertaken by the trustees on an annual basis.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Page 16

Friends of Westminster Memorial Hospital

Notes to the Financial Statements (continued) for the Year Ended 31 December 2024

1 ACCOUNTING POLICIES (continued)

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

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 probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably.

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, including audit, strategic management and trustees' meetings and reimbursed expenses.

2 DONATIONS AND LEGACIES
Donations and Grants
Legacies
Gift Aid Income
Subscriptions
Non Cash Donations		 2024
2023
£
£
13,357
18,189
19,589
6,000
2,359
2,668
7,472
8,285
-
805,490
42,777
840,632

In the year to 31 December 2024 there were no Non Cash Donations received 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.

3 OTHER TRADING ACTIVITIES

Fundraising events
Rental income
Sales income		 2024
2023
£
£
302
3,703
49,500
14,500
3,379
2,933
53,181
21,136

4 INVESTMENT INCOME

INVESTMENT INCOME
Dividend income
Interest receivable		 2024
2023
£
£
8,804
7,791
1,393
1,195
10,197
8,986

Page 17

Friends of Westminster Memorial Hospital

Notes to the Financial Statements (continued) for the Year Ended 31 December 2024

5 EXPENDITURE ON RAISING FUNDS

Investment property fees
Investment portfolio fees
Costs of fundraising events
1 Abbey Walk exceptional
6 DIRECT COSTS OF CHARITABLE ACTIVITIES
Grant funding of activities
Other costs
Governance costs		 2024
2023
£
£
-
20,601
1,003
931
1,441
2,586
374,027
-
376,471
24,118
2024
2023
£
£
16,707
13,421
3,554
3,729
4,012
3,703
24,273
20,853

Independent Examination fees of £1,300 are included within governance costs (2023:£1,300)

Grant analysis
General expenditure
Newspapers
ArtCare
External Physio session
Equipment
Continuous vital signs monitor
Bench
Wheelchair		 2024
2023
£
£
3,067
2,888
2,965
3,000
4,650
4,680
480
519
1,056
1,815
3,858
-
631
-
-
519
16,707
13,421

7 TRUSTEES REMUNERATION AND BENEFITS

There was no Trustees' remuneration or other benefits for the year to 31 December 2024 nor for the year ended 31 December 2023

Trustees' expenses

No trustees have received any reimbursed expenses or any other benefits from the charity during the year (2023:£66)

Page 18

Friends of Westminster Memorial Hospital

Notes to the Financial Statements (continued) for the Year Ended 31 December 2024

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
Restricted
2023
2022
Total funds
Total funds
£
£
828,260
12,372
840,632
373,747
19,591
1,546
21,137
14,397
8,986
-
8,986
5,456
250
-
250
150
857,087
13,918
871,004
393,750
20,979
3,139
24,118
12,774
19,404
1,449
20,853
31,877
40,383
4,588
44,971
44,651
1,132
-
1,132
20,974
817,836
9,330
827,165
370,073
(70,000)
70,000
-
-
747,836
79,330
827,165
370,073
1,274,536
325,612
1,600,148
1,230,075
2,022,372
404,942
2,427,313
1,600,148

Page 19

Friends of Westminster Memorial Hospital

Notes to the Financial Statements (continued) for the Year Ended 31 December 2024

9 TANGIBLE FIXED ASSETS
COST
At 1 January 2024
Additions
Revaluations
At 31 December 2024
NET BOOK VALUE
At 31 December 2024
At 31 December 2023		 Freehold
Property
£
1,953,333
0
8,333
1,961,667
1,961,667
1,953,333

Tangible fixed assets comprise of Chantry Fields, I Abbey Walk and 2 Abbey Walk. The land at Chantry Fields is a proportion of a legacy revalued on 14 March 2021 by Knight Frank chartered surveyors. As at 31 December 2024 the net book value of the Chantry Fields was £76,666, the net book value of 2 Abbey Walk was £535,000, due to a revaluation performed in the year ended 31 December 2023 and the net book value of I Abbey Walk was £550,000. The property at 2 Abbey Walk was valued by Woolley & Wallis on 20th January 2023. Pepperell was gifted to the charity in the year ended 31 December 2023. Valued by Woolley & Wallis on 1 December 2023.

10 INVESTMENTS

INVESTMENTS
Shares
Cash held in investments		 2024
2023
£
£
210,478
200,073
3,094
1,816
213,572
201,889

11 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Other debtors
Prepayments
12 STOCKS
Stocks		 2024
2023
£
£
3,283
5,361
-
-
3,283
5,361
2024
2023
£
£
318
185

Page 20

Friends of Westminster Memorial Hospital

Notes to the Financial Statements (continued) for the Year Ended 31 December 2024

13 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024 2023
£ £
Other creditors 98 713
Accrued expenses 384,126 23,024
384,225 23,736
**14 ** MOVEMENT IN FUNDS
At 1 January
2024		 Income
(including
gains and
losses)		 Expenditure Transfers At 31
December
2024
£ £ £ £ £
Unrestricted
General 2,022,371 99,824 (21,926) - 2,100,269
Restricted
Marketing 13,938 - (173) - 13,765
Community Rehab Team 809 - - - 809
Minor Injuries Unit 348 - - - 348
Diabetic Eye Test 3,775 205 - - 3,980
AGM 791 - - - 791
Media Project 1,473 - - - 1,473
Appeal 2022 2,910 - - (2,910) -
Appeal 2023 2,359 - - (2,358) 1
Consolidated past appeals - 5,268 5,268
Appeal 2024 1&2 AW Garden - 6,315 6,315
Rehab steps - 650 650
Long term strategy reserve - 2,000 2,000
In memorium Franks - 750 (632) 118
Continuous vital signs
monitor 2,900 1,409 (3,858) - 451
Reception refurbishment 400 - - - 400
Staff Use 582 - - - 582
Physio 540 - (164) - 376
Toiletries 133 - (7) - 126
1 Abbey Walk 373,984 (373,984) - -
Pepperell - 6,210 6,210
Total Restricted 404,942 17,539 (378,818) - 43,663
TOTAL FUNDS 2,427,313 117,363 (400,744) - 2,143,932

Page 21

Friends of Westminster Memorial Hospital

Notes to the Financial Statements (continued) for the Year Ended 31 December 2024

14 MOVEMENT IN FUNDS (continued)

Comparatives for
movement in funds		 At 1
January 2023		 Income
(including
gains and
losses)		 Expenditure Transfers At 31
December
2023
£ £ £ £ £
Unrestricted 1,274,536 858,218 (40,383) (70,000) 2,022,371
Restricted
Marketing 15,660 - (1,722) - 13,938
Community Rehab Team 809 - - - 809
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 (73) - 2,359
Continuous vital signs monito - 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 13,917 (4,587) 70,000 404,942
TOTAL FUNDS 1,600,148 872,135 (44,970) - 2,427,313

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 donations have been identified specific to these departments.

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 COVID restrictions had to be rescheduled.

Media Project - A donation has been received towards the proposed project to supply enhanced entertainment and media facilities to the patients.

Garden - Monies have been received for the purpose of contributing towards work on the garden.

Appeal 2022/2023 - Money was donated for the Nordic Treadmill and Minilift 200. Monies from the general appeal included the final £1,300 grant from Gillingham, Mere and Shaftesbury Lions Club.

Page 22

Friends of Westminster Memorial Hospital

Notes to the Financial Statements (continued) for the Year Ended 31 December 2024

14 MOVEMENT IN FUNDS (continued)

Reception Refurbishment - For the refurbishment of the Hospital reception area.

Staff use - Money donated for the benefit of staff.

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.

1 Abbey Walk - Dorset Healthcare Trust - Release of current retained funds originally for work on 1 Abbey Walk now complete.

Continuous vital signs monitor - Equipment for use in the Minor Injuries Unit .

Pepperell - Amount reserved for refurbishment to the flat.

Appeal 2024 - For garden work and improvements at 1 and 2 Abbey Walk.

Rehab steps - For use by the Physiotherapy department.

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
2024
1,961,667
213,572
2,175,239
148,842
204,076
352,918
(384,225)
-
(384,225)
1,726,285
417,648
2,143,932
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

Page 23

Friends of Westminster Memorial Hospital

Notes to the Financial Statements (continued) for the Year Ended 31 December 2024

16 RELATED PARTY DISCLOSURES

There were no related party disclosures for the year ended 31 December 2024 nor the year ended 31 December 2023.

Page 24