**Charity Registration number - 1185067**
**THE FRIENDS OF THE FAVERSHAM COTTAGE HOSPITAL AND COMMUNITY MEDICAL CENTRES CIO**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 DECEMBER 2021**
**THE FRIENDS OF THE FAVERSHAM COTTAGE HOSPITAL AND COMMUNITY MEDICAL CENTRES CIO YEAR ENDED 31 DECEMBER 2021 CONTENTS**
||**Page**|
|---|---|
|Legal and Administrative Information|1|
|Trustees' Report|2 - 4|
|Independent Examiner's Report|5|
|Statement of Financial Activities|6|
|Balance Sheet|7|
|Notes to the Accounts|8 - 14|
**THE FRIENDS OF THE FAVERSHAM COTTAGE HOSPITAL AND COMMUNITY MEDICAL CENTRES CIO**
Page 1
## **LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2021**
|**Trustees**|||
|---|---|---|
|Cllr D H S Simmons|Chairman||
|Mr M J Moore F.C.A|Treasurer||
|Mrs V Robertson|Membership Secretary||
|Mrs J Young|||
|Mrs G Mather|||
|Mrs M Hibbs|||
|Mrs S Grove|Vice Chairman||
|Mrs J Gurney MBE|||
|Cllr A Reynolds BEM|Appointed 3rd|September 2021|
|Ms M Ryder|Appointed 3rd|September 2021|
|**Charity Number**|1185067||
|**Correspondence Address**|15 Preston Park||
||Faversham||
||Kent||
||ME13 8LH||
|**website**|www.friends-favershamcottagehospital.org||
|**Independent Examiner**|Nigel A Kay|F.C.C.A|
||6 Brogdale Place||
||Faversham||
||Kent||
||ME13 0AF||
|**Bankers**|Barclays Bank|Plc|
**THE FRIENDS OF THE FAVERSHAM COTTAGE HOSPITAL AND COMMUNITY MEDICAL CENTRES CIO**
Page 2
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2021**
The Trustees of the Charity present their annual report and Financial Statements of the Charity for the year ended 31 December 2021.
## **Governing Document, Objectives, Activities for the Public Benefit**
The Charity was created by the registering on the 28th August 2019 of a Charitable Incorporated Organisation (CIO) as the Friends of Faversham Cottage Hospital and Community Medical Centres ('' The Friends'') The Objects being for the public benefit, the relief of sickness and the preservation and protection of good health among the patients of the Faversham cottage Hospital and the Community Medical Centres. On the 1st January 2020 it took over the net assets and activities of The Friends of Faversham Cottage Hospital and Community Health Centres registered charity number 265642.
## **Organisation Structure**
The Charity is managed by a Board of Trustees (''The Trustees'') which meet at least four times a year. The Trustees of the Charity are listed on the legal and administrative page. The Board of Trustees are ably supported by two working committees: Equipment and Fundraising .
The Trustees are constantly looking for new people to join the committees who are willing volunteers and are happy to devote their time and skills to the Friends.
## **Achievements and Performance**
2021 has been another uniquely difficult year for the NHS. However, it would be remiss of Friends if we did not take this opportunity to acknowledge the extraordinary success of the Covid vaccination process locally and to offer our thanks for the huge effort made, and still being made, by all our NHS staff and volunteers who have made this happen.
We have similarly been constrained, by Covid restrictions and the huge pressure on NHS staff, in our ability meet with staff at the Hospital and Health centres as often as we would have hoped. Nevertheless, we have been able to meet with the hospital matron through zoom technology and with key staff at the Health Centres and have been able to make significant grants for the refurbishment of the Urgent Treatment Centre and for equipment for a new clinical wing at Newton Place Surgery as well as several smaller payments. Details concerning these amounts are provided in Note 10 in these accounts.
Two Trustees were able to visit the Hospital during December which provided a helpful opportunity to see the way it has developed and the enhanced facilities, especially for rehabilitation and recovery, that are available.
The Board of Trustees took the opportunity provided by the Covid limitations in 2021 to review and refresh some key policies including Financials, Safeguarding, Volunteers and Grants. This work has put the Friends in a good position to increase our capacity and robustness post Covid.
## **Membership**
Membership for 2021 stands at 132 The Trustees are sure that there are many more people in the Town who would willingly join the Friends if they were asked. We now have certainty about the future of the Urgent Treatment Centre (formerly minor injuries) but the Friends need to increase their membership. The Trustees are most grateful to Mrs Sally Robertson for her hard work as Membership Secretary.
In 2022 the Friends hope to welcome more new members. The Trustees will continue to support various fund raising and volunteering events in 2022.
**THE FRIENDS OF THE FAVERSHAM COTTAGE HOSPITAL**
Page 3
**AND COMMUNITY MEDICAL CENTRES CIO**
## **TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2021**
## _**Campaign and Publicity Group**_
We have continued to monitor proposed changes in the provision of local health amenities
The Trustees have continued to meet representatives of the Health Centres and Cottage Hospital either via Zoom or face to face to discuss where the Friends can be of assistance either in the form of providing grants or lobbying
Unfortunately due to Covid the X-Ray equipment and Ultra sound equipment provided by the Friends has not been used to its full extent, but many patients have benefited from visiting the X-Ray Unit and Ultra Sound facility via their GP's thus saving travelling out of the Town.
## _**Fund Raising Activities**_
During the year various fund raising events raised £1,586 The receipts from these events are shown in detail in Note 3. In addition we have Collecting Boxes throughout the Town which raised in the year the total of £1,505 and the Friends thanks go to Pauline Vaughan for managing and placing boxes.
## _**Equipment, Amenities and Capital purchases for the Hospital and Health Centres**_
The total amount spent or committed in 2021 on capital items was £60,700 before a write back of a earlier year provision. Full details of expenditure is shown in Note 10. The most expensive item being the refurbishment of the Urgent Treatment Centre at the Faversham Medical Practice. The Friends continue to welcome bids from both The Faversham Cottage Hospital and both Health Centres.
## **Financial Review**
Income for the year was £15,023 whilst total expenditure came to £49,810 after writing back a provision of £15,901. As at 31st December 2021 the balance of the Accumulated Funds stood at £676,768 which included £40,099 of unrealised gains.
The Annual Subscriptions remained at £5 during the year. We are disappointed to report that the number of Members decreased during the year.
## **Reserves Policy**
As stated last year with the creation of the CIO the Trustees took the opportunity of reviewing their reserves. The population of the Town is expanding and the Trustees believe there could be a request for their funds in future years. The reserves have increased significantly during the last few years, it was therefore decided in 2020 to move £250,000 to a designated fund for future generations called the Joan and Martin Burns Fund. During 2021 the Friend's received the cash from another significant legacy in 2021and decided as interest rates continued to be historically low to invest a further sum with our investment managers as part of our general reserves. The Trustees do however continue to look for projects that will be for the benefit of the people of the Town. The Friend's are only able to donate equipment and services that are requested by the Faversham Cottage Hospital and Community Health Centres and accordingly maintain reserves to enable all suitable requests to be met. The Friends have two small restricted funds see note 11, all restricted income is allocated to suitable expenditure as soon as it occurs. The Friends funds are held in interest bearing bank accounts and a discretionary portfolio maintained by investment manager Smith and Williamson.
Since being re-formed in 1973 the Friends have provided equipment and services to the Hospital, Patients and Health Centres to the value of over £1,083,000.
## **Risk Policy**
The Trustees have considered what risks the Friend's are subject to and consider that all major risks are insured by virtue of our membership of Attend, the Umbrella Organisation for Hospital Friends, insurance cover.
## **Public Benefit**
The Trustees are aware of and comply with the Charity Commission Guidance on public benefit.
**THE FRIENDS OF THE FAVERSHAM COTTAGE HOSPITAL AND COMMUNITY MEDICAL CENTRES CIO**
Page 4
## **TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2021**
## **Plans for the Future**
## _Grants_
Thanks to the successful vaccination programme, it seems that 2022 will bring us closer to ‘normality’ and we hope to be able to discuss priorities for grants in some detail with all our NHS beneficiaries during the coming year.
## _Membership_
The Friends are keen to attract more members and Trustees and have agreed to focus particularly on informing the new residents in the recently developed homes around the town about our role and activities.
_Supporting staff_ With more opportunities to meet the Trustees intend to identify with staff at the Hospital and Health Centres the best way the Friends can support them after the rigors of the past 2 years. The Friends are aware that they have faced significant additional stress and pressure since the pandemic began.
## _Volunteers_
Our volunteers are critical to everything we do and our plans to widen membership will depend on the work of existing volunteers including trustees, to make our voice heard. During 2022 we will make sure that our volunteers are supported and appreciated.
## _Lobbying activities_
As our health centres move to increase patient access to services; our hospital welcomes additional patients made possible by the easing of Covid restrictions and the NHS nationally takes steps to reduce the inevitable backlogs of care that now exist, we must be vigilant in making sure that local health provision is protected and wherever possible enhanced.
## **Trustees' responsibilities in financial statements**
The Charity Trustees are responsible for preparing a Trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the Trustees to prepare Financial Statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations and the provisions of the Governing Document. They are also responsible for safeguarding the assets of the charity and for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the Friend's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
We thank all those who have given their time and support over the year in helping us to achieve the aims of the Friend's.
Signed on behalf of the Trustees on 29th March 2022
………………………………………
D H S Simmons Chairman
**THE FRIENDS OF THE FAVERSHAM COTTAGE HOSPITAL AND COMMUNITY MEDICAL CENTRES CIO**
Page 5
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE FRIENDS OF THE FAVERSHAM COTTAGE HOSPITAL AND COMMUNITY MEDICAL CENTRES**
I report to the Trustees on my examination of the financial statements of the Friends of the Faversham Cottage Hospital and Community Medical Centres CIO (the CIO) for the year ended 31st December 2021
## **Responsibilities and basis of report**
The Trustees are responsible for the preparation of the accounts. The Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to an audit under charity law and is eligible for independent examination, it is my responsibility to:
a) examine the accounts under section 145 of the 2011 Act; b) follow the procedures laid down in the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and c) state whether particular matters have come to my attention.
## **Basis of independent examiner's statements**
My examination was carried out in accordance with applicable Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention:
- 1 which gives me reasonable cause to believe that, in any material respect, the requirements:
a) to keep accounting records in accordance with section 286 of the Companies Act 2006; and b) to prepare accounts which accord with the accounting records, comply with the accounting requirements of the Charities Act and with the methods and principles of the Statement of Recommended Practice:Accounting and Reporting by Charities.
have not been met; or
2
to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Nigel Kay F.C.C.A. 6 Brogdale Place 30th March 2022 Faversham Kent ME13 0AF
**THE FRIENDS OF FAVERSHAM COTTAGE HOSPITAL AND COMMUNITY MEDICAL CENTRES CIO**
Page 6
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2021**
|Notes
**Unrestricted**
**Designated**
**Funds**
**Funds**
**£**
**Income:**
**_Voluntary income:_**
Legacies
-
-
Donations in memoriam
2,522
-
Sundry donations
3,203
-
Subscriptions
660
-
Gift Aid tax claim
951
-
**_Activities for generating funds:_**
Fundraising events
3
2,046
-
Collecting boxes
1,505
-
Sale of goods
146
-
**_Investment income:_**
Interest receivable
2
125
-
Dividend income
2
897
2,968
**Total incoming resources**
12,055
2,968
**Expenditure**
**_Costs of raising funds:_**
Fundraising activities
3
460
-
Collecting box labels
-
-
Cost of goods
145
-
**_Expenditure on charitable activities_**
Equipment & resources donated
10
40,799
-
Newspapers
-
-
Christmas Party and presents
200
-
Support costs
4
1,956
2,250
**Total expenditure**
43,560
2,250
**Net Income (Expenditure)**
(31,505)
718
**Realised and unrealised gains on**
**investment assets**
6
4,856)
27,684
**Net Income for year**
(26,649)
28,402
**Transfer between funds**
(15,901)
15,901
**Net movement in funds**
(42,550)
44,303
**Balances brought forward**
12
351,132
323,418
**Total funds carried forward**
308,582
367,721|**Restricted**
**Funds**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
465
465|**2021**
**Total**
**Funds**
**£**
-
2,522
3,203
660
951
2,046
1,505
146
125
3,865
15,023
460
-
145
40,799
200
4,206
45,810
(30,787)
32,540
1,753
-
1,753
675,015
676,768|**2020**
**Total**
**Total**
**£**
136,726
970
4,575
790
567
3,135
938
52
730
2,136|
|---|---|---|---|
||||150,619|
||||738
58
102
45,469
1,074
200
3,476|
||||51,117|
||||99,502
13,243|
||||112,745
-|
||||112,745
562,270|
||||675,015|
**THE FRIENDS OF FAVERSHAM COTTAGE HOSPITAL AND COMMUNITY MEDICAL CENTRES CIO**
Page 7
## **BALANCE SHEET AS AT 31 DECEMBER 2021**
|**Notes**
**Fixed assets**
**_Tangible assets_**
Raffle drum
Communion Cup and Font
Friends Trolley
**_Investments_**
Investment portfolio
6a
Faversham Oyster Fishery Ltd
6b
Interest bearing accounts
6c
**Total Fixed Assets**
**Current assets**
Stock of goods for resale
Debtors
7
Current account
Deposit account
Cash in Hand
**Total Current Assets**
**Liabilities**
Creditors falling due within one year
9
Provision for amounts pledged
9
**Net Current Assets**
**Total Net Assets**
**The funds of the charity**
Unrestricted funds
11
Designated funds
12
Restricted funds
12
**Total Charity Funds**|5
1
1
414,620
50
222,943
345
3,002
9,177
71,564
-
84,088
940
48,000
48,940|**2021**
**£**
7
637,613
637,620
35,148
672,768
308,582
367,721
465
676,768|5
1
1
263,616
50
172,824
130
130,554
10,791
113,503
-
254,978
559
15,901
16,460|**2020**
**£**
7
436,490|
|---|---|---|---|---|
|||||436,497
238,518|
|||||675,015|
|||||351,132
323,418
465|
|||||675,015|
The notes at pages 9 to 13 form part of these accounts
Signed on behalf of the Trustees on 29th March 2022 by
………………………………. …………………………………. D H S Simmons - Chairman M J Moore, FCA - Treasurer
## **Charity Registration number 1185067**
**THE FRIENDS OF FAVERSHAM COTTAGE HOSPITAL AND COMMUNITY MEDICAL CENTRES CIO**
Page 8
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2021**
## 1 **Accounting policies**
The Principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial are as follows:
## a) _**Basis of preparation**_
The accounts have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities published on 16th July 2014, the Financial Reporting Standard for Smaller Entities (effective January 2015). Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s)
The financial statements are prepared on a going concern basis. There are no material uncertainties related to events or conditions which would cast doubt on the Charity's ability to continue as a going concern
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
## b) _**Incoming resources**_
## _**Income recognition policies**_
Items of income are recognised and included in the accounts when all the following criteria are met:
- the charity have entitlement to the funds;
- any performance conditions attached to the item(s) of income have been met or are fully within the control of the charity;
- there is sufficient certainty that receipt of the income is considered probable; and
- the amount can be measured reliably
## _**Incoming resources with related expenditure**_
When incoming resources have related expenditure the incoming resources and related expenditure are reported in the SOFA.
## _**Donations**_
Donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
## _**Legacy Income**_
Legacy income is recognised at the earlier of the charity being notified when estate accounts are settled and there is notification of a distribution, or when the legacy is received. On occasion legacies will be notified to the Charity however it is not possible to measure the amount expected to be distributed. On these occasions, the legacy is treated as a contingent asset and disclosed.
## _**Tax reclaims on donations and gifts**_
Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate.
## _**Volunteer help**_
The value of voluntary help received is not included in the accounts but is described in the Trustees' Annual Report.
## _**Investment income**_
This is included in the accounts when receivable.
**THE FRIENDS OF FAVERSHAM COTTAGE HOSPITAL AND COMMUNITY MEDICAL CENTRES**
Page 9
## **NOTES TO THE ACCOUNTS (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2021**
## **c) Resources expended**
All resources expended are recognised once there is a legal or constructive obligation to make a payment to a third party. Resources expended include attributable VAT which cannot be recovered.
Expenditure is recognised as soon as they is a legal or constructive obligation committing the Charity to pay out resources, this is considered to be when the "bid" requesting the funding for a purchase of equipment or a service has been formally approved by the charity.
Support costs are those costs which have not been directly allocated to an activity of the charity but nevertheless support those activities. These costs have been allocated between Charitable activities and Governance costs. The basis on which support costs have been allocated are set out in note 4
Governance costs include those costs associated with meeting the constitutional and statutory requirements of the Charity.
## **e) Tangible fixed assets**
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Assets are now written down to a residual value of £7 but may have a greater market value.
## **f) Investments**
Investments consist of an unlisted investment, long term bank balances, and an investment portfolio managed by Smith and Williamson (now renamed Evelyn Partners) valued at market value as at 31st December 2021
## **g) Stock**
This is valued at the lower of cost or market value.
## **h) Fund accounting**
Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the charity without further specified purpose and are available as general funds.
Designated funds are unrestricted funds earmarked by the Trustees for a particular purpose.
Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets this criteria is charged to the fund.
## **i) Currency**
The presentation currency of the financial statements is the Pound Sterling (£).
|2
**Investment income**
Interest receivable
Dividends|**Unrestricted**
**£**
125
897
1,022|**Designated**
**Funds**
**£**
-
2,968
2,968|**Restricted**
**Funds**
**£**
-
-
-|**Total**
**2021**
**£**
125
3,865
3,990|**Total**
**2020**
**£**
730
1,819|
|---|---|---|---|---|---|
||||||2,549|
**THE FRIENDS OF FAVERSHAM COTTAGE HOSPITAL AND COMMUNITY MEDICAL CENTRES**
Page 10
## **NOTES TO THE ACCOUNTS (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2021**
|3|**Fundraising Activities**||||**Income**|**Expenditure**|**Total**|**Total**|
|---|---|---|---|---|---|---|---|---|
||||||||**2021**|**2020**|
||||||**£**|**£**|**£**|**£**|
||Easter Egg and Christmas Raffle||||-|-|-|138|
||Coffee morning||||194|37|157|-|
||Park Fish Bar fundraising||||-|-|-|1,296|
||Winter Raffle 2021||||1,631|423|1,208|963|
||Faversham Town Lottery||||221|-|221|-|
||||||2,046|460|1,586|2,259|
|4|**Support costs**|**Unrestricted**||**Designated**||**Restricted**|**Total**|**Total**|
||||**Funds**||**Funds**|**Funds**|**2021**|**2020**|
||||||**£**|**£**|**£**|**£**|
||**Charitable Activities**||||||||
||National Association subscription||||689|-|689|656|
||Postage||||50|-|50|32|
||Stationery and leaflets||||132|-|132|208|
||Sundry||||114|-|114|94|
||Website (costs)||||179|-|179|394|
||Investment management fee||||792|2,250|3,042|2,092|
||||||1,956|2,250|4,206|3,476|
|5|**Trustees Remuneration and Benefits**||||||||
||There was no Trustees Remuneration for the year|||(2020 £Nil). Four (2020 four) Trustees were reimbursed out of|||||
||pocket expenses totalling £356 (2020||£565) during the year.|||The expenses comprise postage, stationary,|||
||fundraising events, patient packs and sundry expenses.||||||||
## 6 **Fixed asset investments**
|6
**Fixed asset investments**
a) _Investment portfolio under discretionary fund management._
Market value at 1st January 2021
Acquisitions at cost
Disposal proceeds
Change in value in the year:
Realised gain(loss)
Unrealised gain
Market value at 31st December 2021
Historical cost at 31st December 2021
Investments are represented by:
Equities,Multi- Asset and Alternative Investment Funds
In addition there is cash held pending re- investment
Total value of Portfolio
Fixed Interest Bonds|**2021**
**£**
253,921
184,546
(66,929)
9,720
22,821
404,079
363,980
59,479
344,600
404,079
10,541
414,620|**2020**
**£**
-
347,189
(106,511)
(4,035)
17,278|
|---|---|---|
|||253,921|
|||236,643|
|||45,072
208,849|
|||253,921
9,695|
|||263,616|
**THE FRIENDS OF FAVERSHAM COTTAGE HOSPITAL AND COMMUNITY MEDICAL CENTRES**
Page 11
## **NOTES TO THE ACCOUNTS (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2021**
## **Fixed asset investments** (continued )
- b) _Directly held investments_
|50
c)
Scottish Widows Bank
90,011
Metro Bank
82,930
Charities Aid Foundation Bank
50,002
222,943
7
**Debtors and prepayments**
**2021**
**£**
Payments in advance
114
Legacies
1,377
Gift Aid refund
1,511
3,002
_Funds placed on long term interest bearing accounts_
The Charity also owns 50 Ordinary Shares in Faversham Oyster Fishery Company
Ltd a Private Company registered number 10898842 (Formerly ZC000035) at Cost|50|
|---|---|
||89,961
82,863
-|
||172,824|
||**2020**
**£**
58
129,936
560|
||130,554|
## 8 **Contingent Assets-legacy**
On the 15th February 2021 the Trustees were advised of a legacy in excess of £128,588, the fund received in 2021 were provided as a debtor in the 2020 Financial Statements. It is though likely the Friends will receive further sums from the sale of a property still to take place, The Trustees have written to the executors solicitors but cannot get a response at this time and therefore as the timing and final amount to be distributed is uncertain. The Trustees have therefore not included any further amount as a debtor although they believe the final sum may be in excess of £20,000
|9
**Creditors: falling due within one year**
Subscriptions in advance for 2021
Investment management fee accrual
Provision for amount pledged|**2021**
**£**
40
900
940
48,000
48,940|**2020**
**£**
20
539|
|---|---|---|
|||559
15,901|
|||16,460|
10 **Equipment donation and provision for amounts pledged**
|**Unrestricted**
**Funds**
**£**
_Equipment donations in year_
Patient packs
118
Swale Safe
300
Spirometer
2,172
5 Opthalmoscope and Otoscope
3,660
4,122
2,328
Refurbishment of UTC
28,000
Equipment for new Clinical Wing
20,000
X-Ray Refurbishment
(15,069)
X-Ray Annual cost
(832)
44,799
3 Coagucheck Pro II Meter
ECG Machine|**Designated**
**Funds**
-
-
-
-
-
-
-
-
-
-
-|**Restricted**
**Funds**
**£**
-
-
-
-
-
-
-
-
-
-
-|**Total**
**£**
118
300
2,172
3,660
4,122
2,328
28,000
20,000
(15,069)
(832)|
|---|---|---|---|
||||44,799|
**THE FRIENDS OF FAVERSHAM COTTAGE HOSPITAL AND COMMUNITY MEDICAL CENTRES**
Page 12
## **NOTES TO THE ACCOUNTS (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2021**
## 11 **Analysis of net assets between funds**
|Fixed assets
Investments
Current asset
Current liabilities
12
_Restricted_
Patients Clothing
Hospital COVID -19 work
Designated
Major Capital Projects
Joan and Martin Burns Fund
Support of hospital staff
Hospital Chaplaincy
Unrestricted funds
Total Funds
**Restricted and Designated Funds**|**Unrestricted**
**funds**
**£**
7
346,134
7,381
(48,940)
304,582
**Balance at**
**Incoming**
**01/01/2021**
**resources**
**£**
215
-
250
-
465
-
59,091
15,901
263,077
2,968
500
-
750
-
323,418
18,869
351,132
12,055
675,015
30,924|**Designated**
**funds**
**£**
291,479
76,242
-
367,721
**Expenses**
**£**
-
-
-
-
(2,250)
-
-
(2,250)
(63,461)
(65,711)|**Restricted**
**funds**
**£**
-
465
-
465
**Investment**
**Gains**
**£**
-
-
-
-
27,684
-
-
27,684
4,856
32,540|**Total**
**funds**
**£**
7
637,613
84,088
(48,940)|
|---|---|---|---|---|
|||||672,768|
|||||**Balance at**
**31/12/21**
**£**
215
250|
|||||465|
|||||74,992
291,479
500
750|
|||||367,721|
|||||304,582|
|||||672,768|
## **Restricted Funds**
Patients Clothing Hospital Covid -19 work
This represents monies donated for patient's clothing. Monies donated specifically towards 'the hospitals work dealing with the Covid-19 virus
## **Designated Funds**
Major Capital Projects
This represents a reserve set aside by the Trustees for major capital expenditure. The Trustees have approved the cost of installation of X-Ray equipment at the Faversham Health Centre from the fund and its maintenance for 5 years
Joan and Martin Burns Fund
This Designated Fund was created by the Trustees and represents the amounts received from the Estate of the late Joan Burns. The Trustees intend to add/deduct the net investment income/expenditure from the managed fund plus realised and unrealised gains each year, to the fund. The Trustees intention is that the fund be used for future capital projects and that the fund will not be depleted by restricting annual expenditure from the fund to £100,000. Unfortunately due to the extraordinary continuing situation it has not been possible to fully explore the opportunities provided by this generous legacy and to do so in discussion with the hospital and other major stakeholders, especially in the light of the pressures facing the health services that have already been alluded to. During 2022 we will ensure that appropriate discussions do take place to ensure the very best use of this fund long term and the income stream it will provide.
**THE FRIENDS OF FAVERSHAM COTTAGE HOSPITAL AND COMMUNITY MEDICAL CENTRES**
Page 13
## **NOTES TO THE ACCOUNTS (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2021**
## **Restricted and Designated Funds**
**Designated Funds** (continued) Support of hospital staff This Designated Fund created by Trustees to support hospital (and other health) staff in recognition of their extraordinary contribution during the pandemic. There will be short and long term effects of the pandemic on the health and wellbeing of staff and we will use this funding stream to help respond to these needs as they are identified.
Hospital Chaplaincy This Designated Fund created in memory of the late Dennis Brown to provide for the cost of training for the Chaplains at the Faversham Cottage
## 13 **Post Balance Sheet events**
The Trustees are of the opinion there is no post balance sheet events to report on inrespect of both the year ended the 31st December 2021 and 2020.
## 14 **Charity Status**
Friends of the Faversham Cottage Hospital and Community Medical Centres is a Charitable Incorporated Organisation registered in England and Wales. The charity's registered number, principal address and nature of operations can be found in the Legal and Administrative information and Trustees Report.
## 15 **Taxation**
The charity is exempt from tax on its charitable activities.
## 16 **Related Party Transations**
No Related part transactions have been identified (2020 Nil)
**THE FRIENDS OF FAVERSHAM COTTAGE HOSPITAL AND COMMUNITY MEDICAL CENTRES**
Page 14
## **NOTES TO THE ACCOUNTS (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2021**
## 17 **Comparative Statements of Financial Activities year ended 31st December 2020**
|**Unrestricted**
**Funds**
**£**
**Income:**
**_Voluntary income:_**
Legacies
136,726
Donations in memoriam
970
Sundry donations
4,325
Subscriptions
790
Gift Aid tax claim
567
**_Activities for generating funds:_**
Fundraising events
3,135
Collecting boxes
938
Sale of goods
52
**_Investment income:_**
Interest receivable
730
Dividend income
210
**Total incoming resources**
148,443
**Expenditure**
**_Costs of raising funds:_**
Fundraising activities
738
Collecting box labels
58
Cost of goods
102
**_Expenditure on charitable activities_**
Equipment & resources donated
45,469
Newspapers
1,074
Christmas Party and presents
200
Support costs
1,384
**Total expenditure**
49,025
**Net Income (Expenditure)**
99,418
**Realised and unrealised gains on**
**investment assets**
-
**Net Income for year**
99,418)
**Transfer between funds**
(250,500)
**Net movement in funds**
(151,082)
Funds introduced from Friends of Faversham Cottage
Hospital and Community Health Centre
502,214
**Total funds carried forward**
351,132|**Designated**
**Funds**
**£**
-
-
-
-
-
-
-
-
-
1,926
1,926
-
-
-
-
-
-
2,092
2,092
(166)
13,243
13,077
250,500
263,577
59,841
323,418|**Restricted**
**Funds**
**£**
-
-
250
-
-
-
-
-
-
-
250
-
-
-
-
-
-
-
-
250
-
250
-
250
215
465|**2020**
**Total**
**£**
136,726
970
4,575
790
567
3,135
938
52
730
2,136|
|---|---|---|---|
||||150,619|
||||738
58
102
45,469
1,074
200
3,476|
||||354,375|
||||(354,375)
13,243|
||||112,745
-|
||||112,745
562,270|
||||675,015|