**REGISTERED CHARITY NUMBER: 209330**
**Report of the Trustees and Financial Statements for the Year Ended 31st July 2023 for THE FRIENDS OF ST GEORGE'S HOSPITAL**
## **THE FRIENDS OF ST GEORGE'S HOSPITAL**
**Contents of the Financial Statements FOR THE YEAR ENDED 31ST JULY 2023**
||Page
1 to 3
4
5
6
7 to 10
11|
|---|---|
|Report of the Trustees|1 to 3|
|||
|Independent Examiner's Report|4|
|||
|Statement of Financial Activities|5|
|||
|Balance Sheet|6|
|||
|Notes to the Financial Statements|7 to 10|
|||
|Detailed Statement of Financial Activities|11|
Additional notes to Financial Statements 12
**THE FRIENDS OF ST GEORGE'S HOSPITAL**
**Report of the Trustees FOR THE YEAR ENDED 31ST JULY 2023**
The trustees present their report with the financial statements of the charity for the year ended 31st July 2023. The
trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 209330
## **Principal address**
Grosvenor Wing, St George's Hospital Blackshaw Road London SW17 0QT
## **Trustees**
P Brewer Chairman S Davis Vice Chairman M Rommens Treasurer T White J Davis P Hooper M Lowe S Taleghany M Tomlin S Pickett
## **Independent examiner**
Mr Stanley Chicksand BSC FCA CTA Chicksand Gordon Avis 12 Northfields Prospect Putney Bridge Road London SW18 1PE
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.
## **Recruitment and appointment of new trustees**
The persons named have served throughout the year, except if otherwise stated after their names.
Appointment of members of the Committee is governed by the Constitution of the Friends dated 20th November 1998. The Committee is authorised to appoint new members to fill vacancies arising through resignation or death of any existing member.
Monthly Committee meetings are held at which reports are received from the Treasurer, the Secretary and Hospital requests for equipment etc. Hospital requests are considered and if approved the Secretary is authorised to action them.
## **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 and error.
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The Friends exists to provide extra comforts and support for patients and staff at St. George's Hospital not provided by the St. George's University Hospital NHS Foundation Trust. The Friends office is situated in Grosvenor Wing, St. George's Hospital, Blackshaw Road, London, SW17 OQT.
Page 1
## **THE FRIENDS OF ST GEORGE'S HOSPITAL**
## **Report of the Trustees FOR THE YEAR ENDED 31ST JULY 2023**
## **Public Benefit**
The trustees, as required by Section 4 of the Charities Act 2006, have paid due regard to the Charity Commission’s guidance on providing public benefit when reviewing the Charity’s aims and objectives in deciding what activities the charity should undertake and how the donations made have advanced the objects of the Charity.
A major change took place this year with the retirement of Mrs Theresa White as our Chair. There have been many changes during her ten-year tenure, and no one can doubt that the last few years have been challenging, but with her
insight and great sense of humour we have thrived. The Friends would like to take this opportunity to thank her for all her hard work on our behalf. We are of course delighted that she has decided to continue to be a trustee.
The Friends now have a new Chair, Mr Paul Brewer, who was appointed in April, having served as Vice Chair for the last ten years. Miss Susan Davis has been a trustee for many years and will take on the role of Vice Chair.
## **st Trustees Report for Year End 31 July 2023**
## **Gifts**
This year we are committed to spend £92,000 this is the largest amount that the Friends have ever spent, and as you can see from the snapshot below the projects, we have funded cover different departments, wards, and units within St Georges.
One way of facilitating a good recovery following a major trauma is to ensure that patients are provided with a safe and restorative environment. The new state-of-the-art trauma ward will provide this.
As part of the refurbishment of this ward the Friends provided £10,000 so virtual skylights could be installed into the four bays, together with funding to cover a range of items from stress balls to plants for the ward. All these items are designed to improve the patients experience and help with their recovery.
The Dementia & Delirium Team in Neurology Outpatients requested funding to create a garden for their patients suffering from dementia. The gardening department kindly allocated them a plot which is safe and secure, all it needed was the funding to turn an idea into reality which the Friends were happy to provide. We have donated £3,500 to the team for the garden.
The Friends have purchased a new treatment chair for the lymphoedema team at a cost of £9,000. This state-of-theart piece equipment will allow our therapists to offer improved comfort to their patients. The simple addition of arm rests will benefit patients (including breast cancer patients) when undertaking intense bandaging/assessing arms and patients who are clinically unable to lie flat on their backs.
There are televisions for in-patients over each bed but sometimes this service isn’t working or becomes unaffordable for patients who are in hospital for a long time and not everyone has access to a laptop. The Friends have therefore purchased six televisions and 10 radios for Dalby ward which is one of our senior health wards.
It might seem a strange thing to request but the Friends this year have purchased four fridges for the staff rooms of various departments. This allows staff to keep their lunches fresh and always have milk available for the essentials of life like ‘a good cup of tea’ when its be a difficult day.
## **Office**
No changes have taken place, Miss Anne Whiting, our secretary can still be found in the office, inevitably with a cup of tea.
Page 2
## **Shop**
The trolley services are gone, but the Friends shop is busier than ever and is going from strength to strength. This is thanks to Mrs Sue Marshall who runs the shop with the help from Miss Pat Hooper and Mary Rommens. The team have recently been joined by Mrs Tina Martin who is working in the shop one day a week.
The success of the shop is due to many things, the continued support of the staff who use the shop every day and the generosity of others. This includes our team of knitters who donate beautiful hand knitted baby wear for be sold in the shop. Donated items aren’t always a baby cardigan. For HM The Queen’s Platinum Jubilee and the again for the Coronation of HM King Charles, we received the most amazing hand-knitted Grenadier guards together with a wonderful selection of other handmade goodies.
**Fundraising**
Again, we attended the Christmas Makers Market held at St Andrew’s Church in Garratt Lane in December, it was a very enjoyable and successful day. For the first time in two years, we held our very popular Christmas ‘Everyone’s a Winner’ tombola in the main foyer of the hospital. We also held an Easter sale selling the most adorable, hand knitted chicks with a chocolate egg inside each of them together with a whole host of Easter themed gifts.
## **Achievement and Performance – Investment Performance**
The objective of the Friends investment policy is to achieve a rising level of income rather than capital growth, increases sufficient to meet the Friends principal activity.
## **Finance Review – Reserves Policy**
The Friends principal reason for holding reserves is to generate an increasing flow of investment income. In addition to the income received from donations, fundraising and the shop, so we can continue to provide the support and service currently provided to staff and patients.
On behalf of the Board of Trustees
## **Mary Rommens Treasurer**
## Page 3 **Independent Examiner's Report to the Trustees of The Friends of St George's Hospital**
I report on the accounts for the year ended 31st July 2023 set out on pages 5 to eleven 11.
## **Respective responsibilities of trustees and examiner**
The charity's trustees are responsible for the preparation of the accounts. The charity's 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 required.
It is my responsibility to:
|-||examine the accounts under Section 145 of the 2011 Act|
|---|---|---|
|-||to follow the procedures laid down in the General Directions given by the Charity Commission (under Section
145(5)(b)of the 2011 Act);and|
|-||to state whetherparticular matters have come to myattention.|
## **Basis of the independent examiner's report**
My examination was carried out in accordance with the General 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 statements below.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention:
|(1)||whichgives me reasonable cause to believe that,in anymaterial respect,the requirements|||
|---|---|---|---|---|
||||||
|-||to keepaccountingrecords in accordance with Section 130 of the 2011 Act;and|||
|-||to prepare accounts which accord with the accounting records and to comply with the accounting
requirements of the 2011 Act|||
||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.|||
**Mr Stanley Chicksand BSC FCA CTA Chicksand Gordon Avis 12 Northfields Prospect Putney Bridge Road London SW18 1PE**
The notes form part of these financial statements
Page 4
## **THE FRIENDS OF ST GEORGE'S HOSPITAL**
## **Statement of Financial Activities FOR THE YEAR ENDED 31ST JULY 2023**
||||||||||**2023**||**2022**|
|---|---|---|---|---|---|---|---|---|---|---|---|
||||**Unrestrict**
**ed**||||**Restricted**||**Total**
**funds**||**Total funds**|
||||**funds**||||**funds**|||||
|**INCOMING RESOURCES**|Notes||**£**||||**£**||**£**||**£**|
|**Incoming resources from**
**generated funds**||||||||||||
|||||||||||||
|Activities forgeneratingfunds|2||2,582||||80,063||**82,645**||64,788|
|Investment income|3||15,697||||0||**15,697**||13,618|
|||||||||||||
|**Total incoming resources**|||18,279||||80,063||**98,342**||78,406|
|||||||||||||
|**RESOURCES EXPENDED**||||||||||||
|**Cost ofgenerating funds**||||||||||||
|Cost of generating voluntary
income|4||33,310||||||33,310||31,746|
|Fundraising trading: cost of goods sold and
other||||||||||||
|costs|5||0||||70,221||70,221||46,883|
|**Charitable activities**||||||||||||
|Hospital Grants|||74,324||||0||74,324||29,335|
|**Governance costs**|||3,190||||0||3,190||2,840|
|**Other resources expended**||0||0||0||0|
|---|---|---|---|---|---|---|---|---|
||||||||||
|**Total resources expended**||110,824||70,221||181,045||110,804|
||||||||||
|**NET INCOMING/(OUTGOING)**
**RESOURCES**||(92,545)||9,842||(82,703)||(32,398)|
||||||||||
|**Net incoming/(outgoing)**
**resources before**|||||||||
|**other recognised gains and**
**losses**|||||||||
|||(92,545)||9,842||(82,703)||(32,398)|
|**Other recognisedgains/losses**|||||||||
|Gains on investment assets||22,083||0||22,083||(946)|
||||||||||
||||||||||
||||||||||
|**Net movement in funds**||(70,462.00
)||9,842||(60,620)||(33,344)|
||||||||||
|**TRANSFER OF FUNDS**||(7,014)||7,014||0||0|
||||||||||
|Total funds brought forward||1,381,424||47,210||1,428,634||1,461,978|
||||||||||
|**TOTAL FUNDS CARRIED**
**FORWARD**||1,303,948||64,066||1,368,014||1,428,634|
## **CONTINUING OPERATIONS**
## **All incoming resources and resources expended arise from continuing activities.**
The notes form part of these financial statements
## Page 5 **THE FRIENDS OF ST GEORGE'S HOSPITAL**
**Balance Sheet AT 31ST JULY 2023**
|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||**2023**|||**2022**|
|||**Unrestricted**||**Restricted**||**Total funds**|||**Total funds**|
|||**funds**||**funds**||||||
|**FIXED ASSETS**|**Notes**|**£**||**£**||**£**|||**£**|
|||||||||||
|Tangible assets|8|781||0||781|||1,042|
|Investments|9|1,037,950||0||1,037,950|||1,015,867|
|||1,038,731||0||1,038,731|||1,016,909|
|||||||||||
|**CURRENT ASSETS**||||||||||
|Stocks|10|0||13,478||13,478|||14,902|
|Debtors|11|0||1,538||1,538|||1,019|
|Cash at bank||268,217||50,556||318,773|||400,548|
|||268,217||65,572||333,789|||416,469|
|||||||||||
|**CREDITORS**||||||||||
|Amounts falling due within
oneyear|12|(3,000)||(1,506)||(4,506)|||(4,744)|
|||||||||||
|||||||||||
|**NET CURRENT ASETS**||265,217||64,066||329,283|||411,725|
|||||||||||
|||||||||||
|**TOTAL ASSETS LESS**
**CURRENT LIABILITIES**||1,303,948||64,066||1,368,014|||1,428,634|
|||||||||||
|||||||||||
|**FUNDS**|13||||||||
|---|---|---|---|---|---|---|---|---|
|Unrestricted funds;|||||||||
|Friends Fund||||||1,303,948||1,381,424|
|Restricted funds||||||64,066||47,210|
||||||||||
|**TOTAL FUNDS**||||||1,368,014||1,428,634|
The notes form part of these financial statements
Page 6 **THE FRIENDS OF ST GEORGE'S HOSPITAL**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2023**
## **1. ACCOUNTING POLICIES**
## **Accounting convention**
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 the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
## **Financial reporting standard number 1 (revised)**
Exemption has been taken from preparing a cash flow statement on the grounds that the charity qualifies as a small charity.
## **Incoming resources**
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
## **Resources expended**
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 estimated useful life.
Fixtures and fittings - 25% on cost
## **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.
**2.**
## **ACTIVITIES FOR GENERATING FUNDS**
|||||||**2023**|||**2022**||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||**£**|||**£**||
|Shopincome||||||80,063|||60,961||
|Subscriptions and donations||||||2,582|||3,827||
||||||||||||
82,645
64,788
|**3.**|**INVESTMENT INCOME**|**INVESTMENT INCOME**|**INVESTMENT INCOME**|**INVESTMENT INCOME**|**INVESTMENT INCOME**||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||||
|||||||**2023**||||**2022**|||
|||||||**£**||||**£**|||
|Deposit account interest||||||926||||29|||
|Investment bond interest||||||14,771||||13,589|||
||||||||||||||
|15,697||||||||13,618|||||
||||||||||||||
||||||||||||||
||||||||||||||
||||Page 7**THE FRIENDS OF ST GEORGE'S HOSPITAL**
**Notes to the Financial Statements - continued**
**FOR THE YEAR ENDED 31ST JULY 2023**||||||||||
||||||||||||||
|**4.**|**COST OF GENERATING VOLUNTARY INCOME**||||||||||||
||||||||||||||
|||||||**2023**||||**2022**|||
|||||||**£**||||**£**|||
|Insurance||||||650||||647|||
|Other costs||||||4,654||||4,225|||
|Support costs||||||28,006||||26,874|||
||||||||||||||
|33,310||||||||31,746|||||
||||||||||||||
|**5.**|**FUNDRAISING TRADING: COST OF GOODS SOLD AND OTHER COSTS**|**FUNDRAISING TRADING: COST OF GOODS SOLD AND OTHER COSTS**|**FUNDRAISING TRADING: COST OF GOODS SOLD AND OTHER COSTS**|**FUNDRAISING TRADING: COST OF GOODS SOLD AND OTHER COSTS**|**FUNDRAISING TRADING: COST OF GOODS SOLD AND OTHER COSTS**|**FUNDRAISING TRADING: COST OF GOODS SOLD AND OTHER COSTS**|**FUNDRAISING TRADING: COST OF GOODS SOLD AND OTHER COSTS**|||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||
|||||||**2023**||||**2022**||
|||||||**£**||||**£**||
|Purchases||||||55,825||||35,617||
|Support costs||||||14,396||||11,266||
|||||||||||||
|70,221||||||||46,883||||
|||||||||||||
|||||||||||||
|**6.**|**TRUSTEES'**||**REMUNERATION AND BENEFITS**|||||||||
There were no trustees' remuneration or other benefits for the year ended 31st July 2023 nor for the year ended 31st July 2022.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31st July 2023 nor for the year ended 31st July 2022.
|**7.**|**STAFF COSTS**|**STAFF COSTS**|**STAFF COSTS**|**STAFF COSTS**|||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||**2022**
**£**
38,140||
|||||||**2023**|||**2022**||
|||||||**£**|||**£**||
|Wages and salaries||||||42,402|||38,140||
||||||||||||
The average monthly number of employees during the year was as follows:
|||||||**2023**||||**2022**||
|---|---|---|---|---|---|---|---|---|---|---|---|
|Administration||||||1||||1||
|Shop||||||1||||1||
|||||||||||||
|2||||||||2||||
|||||||||||||
**No employees received emoluments in excess of £60,000.**
## Page 8 **THE FRIENDS OF ST GEORGE'S HOSPITAL Notes to the Financial Statements - continued FOR THE YEAR ENDED 31ST JULY 2023**
|**8.**|**TANGIBLE FIXED ASSETS**||||
|---|---|---|---|---|
|||**Fixtures and**|||
|||**fittings**|||
|**8.**|**8.**|**TANGIBLE FIXED ASSETS**|**TANGIBLE FIXED ASSETS**|**TANGIBLE FIXED ASSETS**|||||
|---|---|---|---|---|---|---|---|---|
|||||||**Fixtures and**
**fittings**|||
|||**£**
**COST**||||5,639
-
5,639
4,597
261
4,858
781
781|||
|At 1st August 2022 and 31 July2023||||||5,639|||
|Additions||||||-|||
||||||||||
|||||||5,639|||
||||||||||
|**DEPRECIATION**|||||||||
|At 1st August 2022||||||4,597|||
|Charge foryear||||||261|||
|At 31 July2023||||||4,858|||
|**NET BOOK VALUE**|||||||||
|At 31st July2023||||||781|||
||||||||||
|At 31st July2023||||||781|||
||||||||||
||||||||||
|**9.**||**FIXED ASSET INVESTMENTS**|||||||
|||||||**Listed**
**investments**
1,015,867
22,083
1,037,950
1,037,950
1,015,867|||
|||||||**Listed**
**investments**|||
|||**£**
**MARKET VALUE**|||||||
|At 1st August 2022||||||1,015,867|||
|Revaluations||||||22,083|||
||||||||||
|At 31st July2023||||||1,037,950|||
||||||||||
|**NET BOOK VALUE**|||||||||
|At 31st July2023||||||1,037,950|||
||||||||||
|At 31st July2022||||||1,015,867|||
||||||||||
## There were no investments outside the UK.
Investments which are material to the financial statements are disclosed separately. Material investments are taken to be those which are greater than 5% of the total value of investments.
|Investments|Investments||
**2023**|**Market Value**
**2022**|**Market Value**
**2022**|**Market Value**
**2022**||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||||
||||**£ £**|||**£**||||
|**BlackRock Charinco Common Investment Fund Accumulation**|||**81,907**|||**91,633**||||
|**BlackRock Charishare Common Investment Fund**
**Accumulation**||**637,063**||||**590,493**||||
|**BlackRock Charinco Common Investment Fund Income**|||**13,549**|||**15,805**||||
|**M&G Charifund**|||**305,431**|||**317,936**||||
**1,037,950 1,015,867**
The investments are stated at market value and unrealised gains and losses are recognised in equity.
|**10.**|**10.**|**STOCKS**|**STOCKS**|**STOCKS**|||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||||||||||||||||||||
||||||||||||||||||||||**2023**||||**2022**||||
||||||||||||||||||||||**£**||||**£**||||
|Goods for sale|||||||||||||||||||||13,478||||14,902||||
||||||||||||||||||||||||||||||
|Page 9|||||**THE FRIENDS OF ST GEORGE'S HOSPITAL**
**Notes to the Financial Statements - continued**
**FOR THE YEAR ENDED 31ST JULY 2023**||||||||||||||||||||||||
||||||||||||||||||||||||||||||
||||||||||||||||||||||||||||||
|**11.**||**DEBTORS:**|||**AMOUNTS FALLING DUE WITHIN ONE YEAR**||||||||||||||||||||||||
||||||||||||||||||||||||||||||
|||||||||||||||||||||**2023**|||||**2022**||||
|||||||||||||||||||||**£**|||||**£**||||
|Vat, postage stock and|||||deposit AGM m|||eeting||||||||||||1,538|||||1,019||||
||||||||||||||||||||||||||||||
||||||||||||||||||||||||||||||
|**12.**||**CREDITORS: AMOUNTS F**||||||**ALLING DUE WITHIN ONE YEAR**|||||||||||||||||||||
||||||||||||||||||||||||||||||
|||||||||||||||||||||**2023**|||||**2022**||||
|||||||||||||||||||||**£**|||||**£**||||
|Other creditors||||||||||||||||||||4,506|||||4,744||||
||||||||||||||||||||||||||||||
||||||||||||||||||||||||||||||
|**13.**||**MOVEMENT IN FUNDS**|||||||||||||||||||||||||||
||||||||||||||||||||||||||||||
|||||||||||||||**At 1.8.22**||||||||**Net**
**Movemen**
**t**
**in Funds**||||**At 31.7.23**|||
|||||||||||||||**£**||||||||**£**||||**£**|||
|||**Unrestricted funds**|||||||||||||||||||||||||||
|Friends Fund||||||||||||||1,381,424||||||||(77,476)||||1,303,948|||
|||||**Restricted funds**|||||||||||||||||||||||||
|ShopFund|||||||||||||47,210|||||||16,856||||64,066|||||
||||||||||||||||||||||||||||||
||||||||||||||||||||||||||||||
|**TOTAL FUNDS**||||||||||||||1,428,634||||||||(60,620)||||1,368,014|||
||||||||||||||||||||||||||||||
Net movement in funds, included in the above are as follows:
||||**Incoming**
**Resources**
**£**|**Incoming**
**Resources**
**£**|**Incoming**
**Resources**
**£**|**Incoming**
**Resources**
**£**|**Incoming**
**Resources**
**£**|**Resources**
**Expended**
**£**|**Resources**
**Expended**
**£**|**Resources**
**Expended**
**£**||||**Gains and**
**Losses**
**£**|**Gains and**
**Losses**
**£**|**Gains and**
**Losses**
**£**|**Gains and**
**Losses**
**£**|**Gains and**
**Losses**
**£**|||**Transfer of**
**Funds**
**£**|**Transfer of**
**Funds**
**£**|**Transfer of**
**Funds**
**£**|**Transfer of**
**Funds**
**£**|||**Movement in**
**Funds**
**£**|**Movement in**
**Funds**
**£**|**Movement in**
**Funds**
**£**|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||||||||||||||||||||
||||**Unrestricted funds**|||||18,279|||||110,824|||||22,083||||(7,014)||||||(77,476)
16,856||
|Friends Fund||||||||||||||||||||||||||||||
||||**Restricted funds**|||||80,063|||||70,221|||||0||||7,014||||||||
|ShopFund||||||||||||||||||||||||||||||
|||||||||_______||||||||||||||||||||||
|||||||||||||||||||||||||||||||
|TOTAL FUNDS||||
||98,342||181,045|||||22,083|||||0||||||(60,620)||||||
|||||||||||||||||||||||||||||||
|||||||||||||||||||||||||||||||
|**14.**|**FRIENDS FUND**|||||||||||||||||||||||||||||
||The Friends Fund is a|||||n unrestricted fund whose||||||||||||||||||||||||
|**15.**|**SHOP FUND**|||||||||||||||||||||||||||||
The Shop Fund is a restricted fund whose assets are distributed to the Friends Fund each year.
**16.**
## **REVALUATION RESERVE**
Included within the Friends Fund are unrealised gains on investments of £607,947 (2022: £585,864).
## Page 10 **THE FRIENDS OF ST GEORGE'S HOSPITAL**
## **Detailed Statement of Financial Activities FOR THE YEAR ENDED 31ST JULY 2023**
|||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||**2023**|||||||||**2022**|||
|||||||||**Total funds**|||||||||**Total**
**funds**|||
|**INCOMING RESOURCES**||||||||||||||||||||
|**Activities for**|**generating funds**|||||||**£**|||||||||**£**|||
|Shopincome||||||||||80,063||||||||60,961||
|Subscriptions|and donations|||||||||2,582||||||||3,827||
|||||||||||82,645||||||||64,788||
|**Investment income**||||||||||||||||||||
|Deposit account income||||||||||926||||||||29||
|Investment bond income|||||||||14,771||||||||13,589|||
||||||||||15,697||||||||13,618|||
|||||||||||||||||||||
|**Total income**|**resources**||||||||98,342||||||||78,406|||
|||||||||||||||||||||
|**RESOURCES EXPENDED**||||||||||||||||||||
|**Cost ofgenerating funds**||||||||||||||||||||
|Insurance||||||||||||650|||||||647|
|Other costs|||||||||||1,063||||||||1,008|
||||||||||||1,713||||||||1,655|
|**Fundraising trading: cost of goods sold and other**
**cost**||||||||||||||||||||
|Purchases|||||||||55,825||||||||35,617|||
|||||||||||||||||||||
|**Charitable activities**||||||||||||||||||||
|Grants to institutions|||||||||74,324||||||||29,335|||
|||||||||||||||||||||
|**Support costs**||||||||||||||||||||
|**Management**||||||||||||||||||||
|Wages|||||||||42,402||||||||38,140|||
|Postage and stationery|||||||||404||||||||923|||
|AGM meeting|||||||||832||||||||324|||
||||||||||43,638||||||||39,387|||
|**Finance**||||||||||||||||||||
|Bank charges|||||||||2,094||||||||1,622|||
|Accountancy|||||||||3,190||||||||2,840|||
|Depreciation of tangible fixed assets|||||||||261||||||||348|||
||||||||||5,545||||||||4,810|||
|||||||||||||||||||||
|**Total resourc**|**es expended**||||||||**181,045**||||||||**110,804**|||
|||||||||||||||||||||
|**Net income/(expenditure)**|||||||||**(82,703)**||||||||**(32,398)**|||
The notes form part of these financial statements
Page 11
**THE FRIENDS OF ST GEORGE'S HOSPITAL**
**Notes to the Financial Statements as at 31ST JULY 2023**
**Note 4: Cost of General Voluntary Income (page8________________________________________________________________________________________________** )
||PPS|40|4||
|---|---|---|---|---|
||||||
||Advertising|3|3||
||||||
||Computer Expenses|62|0||
||||||
||Legal|23|0||
||||||
||Bank charges|2,09|4||
||||||
||Sundry|18|0||
||||||
||Depreciation|26|1||
||||||
||AGM Meeting|83|2||
||||||
|||**4,65**|**4**||
## **Detailed Statement of Financial Activities (page 11) RESOURCES EXPENDED Cost of General Voluntary Income**
|Advertising|33|
|---|---|
|Computer Expenses|620|
|Legal|230|
|Sundry|180|
||**1,063**|
Page 12
## **THE FRIENDS OF ST GEORGE'S HOSPITAL**
## **SCHEDULE OF ADMINISTRATVE EXPENSES FOR THE YEAR ENDED 31 JULY 2023**
|||**2023**||**2022**|
|---|---|---|---|---|
|**Administrative ex**|**penses**|**£**||**£**|
|Wages and Salaries||42,402||38,140|
|Insurance||650||647|
|Computer runningcosts||620||684|
|Legal and Professional fees||250||276|
|Accountancy||2,440||2,840|
|Charitable Donations||74,324||29,335|
|Bank Charges||2,094||1,622|
|Printingand stationery||404||923|
|Advertising||33||0|
|Sundryexpenses||1,012||372|
|Depreciations||261||348|
_________________________________________________________________________________________Page 13