OFFICE COPY REGISTERED CHARITY NUMBER,. 209330 R8POrt of th8 Trustaes and Financial Statements for thè Yèar End•d 31st Juty 2024 for THE FRIENDS OF ST GEORGE'S HOSPITAL ofst sigr&1li.'- orb PIVJC'= end retyrn
ThE FRIENDS OF ST GEORGVS HOSPITAL Contents of the Flnanclal Ststgments FOR THE YEAR ENDED 31ST JULY 2024 Pag8 Report ofthe Trust•as 1103 Indwndent Ex8minerfs Report ststement of Financial Actiwb85 B8[an Sheet Notes to the Flnanclal Statements 7t010 Detai18d Stsiement of Tranual Acttwtlos AddItn81 notes to Financial Stat8m8nts 12
THE FRIENDS OF ST GEORGE'S HOSPITAL Raport of the Trustees FOR THE YEAR ENDED 31ST JULY 2024 The trust&es pres&nt their report wth the flnandal statements of the charity for the ygar ended 3151 July 2024. The trus8& have adopted thÈ provisions tsf the Statement of Recommended Pra¢ty¢e ISORPI 'A¢cx)unting an Rgpotting by Choritie5' issued in M8rch 2005. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Charfty numbÈr 209330 PrSncipal address Gro$venor Wing. st George's Hospital Blackshaw Road LondL SW17 OQT Trustees P Brewèr Chairtnan S Davis Vice Chairrn?n Rommens Treasurer T Whit8 J Davis P Ho0r LDwe S Ta18ghany M Tomlin S Pid(ett Reslgned Novetnber2023 Resigned July 2024 Independent oxamin•r Mr Stsnley Chick5alld BSC FCA CTA Chicksand Gordon Aws 12 Northfields Prospoct Putney Bridge Road London SW18 1PE STRUCTURE, GOVERNANCE AND MANAGEMENT Governing do¢ument The charity is contrDlled by Its gDVEmlry document, a deed of tru5L aNI con5Utute$ on uninrA)rporated charity. Recrullrnent and appolntment of trustee5 The persons named havè saNed IhrouglK)Ut th8 year, exc8Pt il olhenNiS8 Stated 8ftar thèir nam•s. Appointrnant of rn8rnb8rs of the Committee is )Verned by the Consbtutrjn of the Friends dated 20th Noverrber 1998. The Cornmitte& 18 authorised to appoint new rnemter5 to fill Vacane$ arising Ihrough resignation or death of any existing member. Monthly Comrnittee meetsngs are held at which rgports are received from the Treasurer, the se¢tary and Hospitsl requests 1(K equiprnent 8tc. Hospital requests ar8 CCsIdered and il apwoved the Secr8tary is avthois58d to acbon them. Rlsk manag¢mont The trustees have a duty to Ident and revlew the ri5k5 to which the charfty 15 expjsed and to ensure aryropriate ttrOlS are in place to prowde reasonabk assurance against fraud and wror. 08JEcnvES AND ACTmE$ Oblectlves and alms The Friends exists to provide extra comfrts and support for patients and stsff at St. G8org8's Hospitsl not prowded by Ihe SL George's University Hospltal NHS Foundati Trust. The Friew¥J5 offlce is situated in Grosvenor Wing, St. George's Hosprtal. Blackshaw Road. London. SW17 OQT. Page 1
THE FRIENDS OF ST GEORGE'S HOSPITAL Report ofth Trust$ FOR THE YEAR ENDED 31STJULY 2024 PubliG B•neffit The tru518es. as required by Section 4 of the Charities Act 2006. have paid due ward to Ihe Chanty Commission's guidaTh on promding wblic benefit when reviewng the Charity's aims and objectves in deoiding what activities the charity should undertake and how the donation5 mad8 have advanced the objecls of the Chadty. Friends St Geo e's H05 Ital Ch8 Trustees R ort for Year End 3151 Ju 2024 This year Iwo of our stalwart trustees resigned during Ihe year. Miss Pat Hooper who becam8 8 tnJst88 in 2011, but thankfully wll st1 be volunt88ring for us. Mrs Margaret Tomlln became a trustee in 2018 having previoudy work8d for the Frid9 as the m8nag8r DI our shop for rnor8 Ihan thirty years. Thelr contrfbutlon to the Friends has ba•n inv8luabl8. Glfts This year wo ar• cornmitted io spend £46,000 not a5 rnuch 8518St y8ar but Still a substantial sum. The Friends suppty Ywd(Ilemuffs" to the Sen1 health wards for patients suffering from demena. Forth05e ol you not familiar wSlh them they 8re 8 great SOU of 5Val, tacble and sensory stimulation. plus they kÈep $Y hand5 O¢CUPl8d. Surprisingly the trauma ward, have discovered their Ndden benefits. The quote Irom on8 of th8 teams ClinThl Psychoh)gists hlghllghts how these small things S h8ving such a big impact. 'Vle uso twldddlomuffs as è san50ry and groundlng tool to help our patiettts eopy wlth anxlety, flashbaeks and nightsnares. 11 Is nol unwmmon for patl•nts to be surprbsed by how ¢omfordng and soothlng they ar•. They are also b•autifully handmada-. each oTra 1$ unlque and thls make5 It extra 8peclal for our pa¢l¢nts°. Proving that scneltme th8 sirnplest of things can be the best. Tre Dementla & Delirium Team li Neurobgy Oulpati8nts Garden that we funded last year for patients is up and running. However, it needed a new pathway to make rt 5Uit8ble for wh8ekthair& 8¢ces$ and patients are not good on Iheir feel safe. The Friends donated another £2.000 towards this. This year we have purchased sever41 items to improve the facilities in staff r(x)ms. sJJch a5 chairs, fridg8& icrowave5 and kethes. Again. simple gift5 that have the biggest impact. We support the thre8 senior heatth wards every year over thtr Chrfslma5 period. This ygar we havg fundgd a new initiative ¢alled the Enhance Project at a cosl of £5.000. The thr86 wards now have tnany patients with dementia. This is very challenging lor the staff and th8 wards limited OUr$. Each wald has a tro16y that has gamtrs, arts and vafts resources and puzzle books everything ED keep pali8nts stimuLgted and occupied duriwj their h05Pltal stay. A¢panIed patients can al¥0 wsit the shop and choD5e a drink, chocolat8 bar or crisps as part of this 'atiVe. No changes have takèn MKs8 Anne Whiting, our secretary can sllll be fouThJ In the office, inevrtably wAh 8 CUP of tèa. This year wo had one work experience placoffEnt student join us for a week and another student who sp8nt of days a week during the summ8r holidays volunte¢r*)g wtt) us.
The Friends shop has y9t again had another great year, Ihanks to Mrs Sue Matshall wtw) njns the shop with the hdp of Miss Pat Hooper, Mfs M8ry Rommens and fina Martin. To make life easier and quicker for customers paying by card we have invested in a gtate-014he-art gIster for the 5hDP. To make lrfe easier and quicker fpr customer5 paying by rd w8 havg inv85led in a stste-of-Ihe-art r89istsr for the shop. Our thanks for this continued success goes lo ble wonderful generosity of those who knit and sew for us and not forgetbng everyone who u5e5 the shop on a reguLgr b8SIS. Fundraisin During Ihe Summer vje had a 'Whrte Elepharf Sa in Ihe garden. For those of you who are not farniliar w¥th the tgmi it describes items that sorneone no longer wants or needs, but someone else might love. The weather w&8 kind to U5 and we raised 8 tidy sum. W8 also h81d very popular'Everyone's a Winnerf tombola at Chrlstmas. Achlevement and Performan¢*- Investment Perfpmianco The objectiv8 of the Friends Investment policy is to achievg 8 rising level ol incom8 rather than cakxtal growth. inttea52S 5uffioent to m88t the Friends princip81 activity. nan 8serves Pollc The Friends prinapal 8$On for holdirrfJ reserves 15 to generate an increasing flow of investment income. addtbon to Ihe incorne reiVed from donalDn8, fundraising and the shop, so we can contsnue to provide the supwrt and servSce currentty provided to staff and pabents. On behalf of the Board of Trustees Mary RommenB Treasurer Page 3
Indopèndent Examlnerfs Rèport to thè Trnstèos of Tha Friends of St Georg0'5 H05Pital I report on 1he aecDunt5 for Ihe year ended 31st July 2024 set out on pages S to eleven 11. R¢spectlve re$ponslbllltlg$ of trustees and examlner The charity3 tnjsiees are responsible for the preParatn of the accounts. The chariV5 twslee5 con51der that an audit is not required for thls year lundEr Section 144121 of thg Chaiits?5 Art 2011 Ilhe 2011 A¢tll and that an independent examination Is requlred. It is my re5ponsibilty to.. èxamine the accounts under S8ction 145 of th8 2011 Act to follow the proc8dur8s laid down in the Genèral Directions given by the Charity Commission (under Sect¥)n 14515llbl of the 2011 Acll., and to state whether partcular matters have come to my attention. Basls of the Independont exarnlnerf8 report My examination was carried out in accordance smth the Ger81 Directions given by Ihe Charity Comrnission. exarnlna.on includes a review of the a)UntIng records kept by the charity and 8 co[npar0n of the accounts presented th those re¢d$. It also indudes ConsideraOn of any unusual items or disclosur8s in th& accounts, and seeking e4)lanations from you as trustees concerning any such rnaii8rs. The proc8dur8s undertaken do not provide all th& evldenc& that would be requlred In an audit, arKI consequenlly no ormnion is given as tD whether the accounts present a Irue and fair vvaw. and the r8WJrt is limited to those matters set out in the ststements below. Independent examin8rf8 Statement In conn8Ction with rny examination, no matter has come to my attentlon.. which gives me 8$Onable Gause lo bdieve that, in any material r8SP8Ct, the r8quir8rn8nts to keep a¢counting records in acctsrdan with Section 130 of the 2011 Act., and to pr6pare accoun15 which acwrd wilh the a¢wunfjng records and to ¢omply wilh Ihe awoullling raqu1ments ofthe 2011 Act have not been mèt- or tD which, in rny opxnion, attention should bo drawn in order to enalAe a proper undgrstsnding of Ihe accounts to be reached. Mr Stanley Chlck$and BSC FCA CTA Chlcksand Gordon Ayis 12 Northflelds Prospect Putney Bridge Road London SW181PE The notes fonn part of these finandal statements Pag& 4
THE FRIENDS OF ST GEORGE'S HosPAL ststem8nt of Flnancial ActNities FOR THE YEAR ENDED 31ST JULY 2024 2024 2023 Total funds Unrestrlcted funds Restricted Total funds lunds INCOMING RESOURCES Incoming resources from generated funds Notes Attivitie5 for genèrating funds Investment income 5,714 10,147 15,861 92170 97,884 10.147 108,031 82,645 15,697 98,342 Total Incomlng resourtes 92.170 RESOURCES EXPENDED Cosi of generatlng funds C05t of generating volantary income Fundraising trading: cost of goods sold and other 34,053 34.053 33,310 Costs 73,148 73.148 70.221 CharTrtable artlvhles Hospital Grants Governance cost5 53.962 3,180 53,962 3,180 74,324 3,190 Other resources expended Totsl 50rEe5 expended 91,195 73,148 164,343 181.04S NET INCOMINGIIOUTGOINGI RESOURCE5 175.3341 19,022 156.3121 182.7031 Net incomlnKlloutgoingl reSoUeS before other recognised 8aln$ and losse5 175.3341 19.022 156,3121 182,7031 Other re¢ogni5ed gainsllDsses Gain5 on investment assets 069 Net rnovement In funds 149.265.001 19.022 130.2431 160,6201 TRANSFER OF FUNDS 6,374 6,3741 Total fijnds brought forward 1.303,948 64.066 1.368.014 1,428.634 TOTAL FUNDS CARRIED FORWARD 1,261.057 76,714 1,337,771 1.368,014 CONTINUING OPERATIONS All Incoming rnsour¢es and resources expended aris• from contlnulng JdivitieS. The notes form rt ofthes8 finanaal statements Page S
THE FRIENDS OF ST GEORGE'S HOSPITAL Balancg Sh¢¢t AT 31ST JULY 2024 2024 2023 Unrestricted Restrfcted Totsl fund5 Total funds fynds funds FIXED ASS5 Note5 Tangible assets Investments 586 S86 781 1 162 319 1162 319 1037 950 1.038.731 1.162,905 1.162.905 CURRENfA55ET5 Stocks io 14,105 429 14.105 429 13,478 1,538 Debtors li Cash at bank CREDITQR5 Amctunts fallSng due within one year 101152 163 802 31 12 470 CURRENT ASÉTS 98.152 76.714 174,866 329.283 TOTALA55ETS LESS CURRENT UABILITIES 1,261.057 76.714 1,337,771 1,368.014 FUNDS 13 Unrestricted funds- 1,261.057 76.714 1.303,948 64,066 Friends RÈstrlcted Funds TOTAL FUNDS 1,337,771 1,368,014 The note5 fom part of th88e financaal statements Page 6
THE FRIENDS OF ST GEORGE'S HOSPITAL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2024 ACCOUNTING POLICIES A¢¢ountlng convenlion The financial statements have b8en prepared under the historical (x)6t convention, with the of investments wh1( a includ¢d at mad(et value, as rnodtfied by the revaluation of certain assets the Chaiities Act 20118nd the requirements of the Statement of Recommended Practice, Accountirg and Reporting by Charities. Flnanclal reporting $tsndard number I Irevlsedl Exernption has laken from preparing a cash flow slatemenl on th8 griyJnds that th8 charity qualifies as 8 smo11 charity. Incomlng rnsources All incoming resources a included the Statement of Financial Activities when the charity is legally &nbtled to Ihe incorne and Ihe amount can be quantified wlth rèa50n8b18 8wuracy. Re80urces exponded ExpeTrdrtu is accounted for on accruals basis and has been classnlad undef heading5 that aggreg8t8 all c05t related to the category. whe CDsts cannot bè dlrecyy attributed tr) particular headng$. they have been allo¢ated to actwities on a ba515 CLlnS15tent wSth tre use of resources. Grants offered subject to COndonS whKh have not been tnet at the yeard date ar8 noted as a cornmitrn8nt bul nol 8rued a5 expenditur8. Tangible fixefl assèt5 Depr8uation is provlded at the foll9 annu81 rates in order to lte off 8ach asset over Its esbmatsd useful Ilfe. Fixture$ 8nd fittlngs - 25% on cost Stocks Stocks a valued at the lower of cost and net reoli5ablB Yalu8. alter making du8 allowanc8 for obsolgte and slow-moving items. Taxatlon The charity exempl from tax on its chairtabl8 &titiit'es. Fund accounting unrestried funds can be used in accordance wfth the tharitable objectives at the di5crelion of the trustees. Reslrict8d funds Can onty b& used for parts"cular re5trict8d purposes wthin tt)e objects of Ihe charity. Restrictians arise Spgdfied by the don orwhen funds are raised for particular re5tricled purposes. Futher explanatlon of th8 nattj and purp058 of eac furt is intded in the noies ¢0 the finanGlal 51atemants. I ACTIVITIE5 FOR GENERATING FUNDS 20Z4 2023 Shop irrne Subs£rlpfjon5 and donatlon5 92,170 80,063 5,714 2,582 97,884 82.645 IMVESTMENTINCOME 2024 20Z3 Deposit ac£ount interest Investment bond interest 1,663 926 8.484 14,771 10,147 15,697 Page 7
THE FRIENDS OF ST GEORGE'S HospifAL Nots$ to th8 Financlal Statements- continued FOR THE YEAR ENOED 31ST JULY 2024 tOSfOF GENERATING VOLLINTARY INCQME 2023 Insurance 430 650 Other costs 4,445 4,654 Support costs 29 FUNDsING TRADING.. COST OF GOODS SOLD ANO OTHER COSTS 2024 2015 Purchases Support costs 56.34Z 55,825 TRUSTEES. REMUNEIiATION At4D BENEFITS The wtre notrustees, rernuneration orother benefits for the year ended 31st July 2024 nor for the year end2d 31st luly2023. Trustses, Expenses There were no trustees, expenses paid forthE year ended 31st july 2024 nor for the year ended 31sf July 2023. STAFFCOSTS 2024 2013 Wages and Salaries The average monthly nurnber of Èmployees during theyearwas as follows.. Z024 2021 Administratltsn Shop No employ¢e$ received emolumetrts in excess of £60,0ty). Page 8
THE FRIENDS OF ST GEORGE'S HOSPITAL Note5 to the Flnanclal Ststements - contlnued FOR THE YEAR ENDED 31ST JULY 2024 TANGIBIE FIXED ASSErs FLxtures and fthlnis COST At 1st August 2023 and 31July 2024 AdditlOn5 5.639 DEPRECIAON Af I August 2023 Charge foryear At 31stJuly 2024 4,858 195 NET BOOK VALUE At 31st july 2024 At 31stJuly 2024 58 FIXEDA55ET INVEsfMENTS Usted investmeht5 MARKeTVALUE At 15tAuEust 2023 Investment Revaluations At 31st July 2024 1,037,950 9È,300 NET BOOK VALUE At 31st july 2024 At 31st july 2023 There were no investments outside the UK. Investmentswhich a material to the flnancial ststements are dlstlosed p•ratety. Material investments are taken to be those which are greater than 5% of thetotal value of lfivestmen Investments Market Value 1024 BlackAotk CharfrKo Common IrNe5tment Fund Accumulètlon BladtRodr Charfshare Cornmon Investment Fund Accumulti Bl4drRo(k Chartnto Common In¥estrnent Fund IneomE M&G Charrfund Evetyn Portner5 Evetyn Partnersxo 8L907 637,063 13.549 305,431 1.059,484 102,835 OCKS Goods for Sale Pag8 9
THE FRIENDS OF ST GEORGE'S HospfTAL Notss to th8 Financlal Statements - contfjnued FOR THE YEAR ENDED 31STJULY 2024 ii. OEBTORS: AMOUNTS FALLING DUEWITHIN ONE YEAR 1024 2023 VAT. postage stock and deposSt AGM meeting 538 12. CREDITORS: AMOUNTSFALUNfj OUE WITHIN ONE YEAR 2024 2028 MOVEMNET N FUNDS Met vem At 1.8.23 in Funds At31.7.24 Unre5trlcted fund5 Friends Fund Resirlrted fvhds Shop Fund TOTAL FUNDS 1,303,948 142,8911 1.261,057 714 Net m¢vernent lThlund4 included knthe al*)¥e are as lofiows: Incoming Resour$ Resource5 Expended Gains and Losses Transfer of Funds In Furbds Unrestrtcied Friends Fund 15,861 91,195 26.069 16,3741 142.8911 Restricted fund5 Shop Fund 12 164 343 14. FRIENDS FUND The Frlends Fundls 4n unrestritted fund ¥those a55et$ are applled in accordance wfth ihe Charlty.'5 constitutlon. 15. SHOP FUND The Shop Fund 15 a restrlcted fund whose assEts 4re di5trlbutedto the Friends Fund each y?Jr. 16. REVAWATION RESERVE Included wlthln the Friends Fund ère unrealsed gains on investments of £634,01612023 £607.9471 Page 10
THE FRIENDS OF ST GEORGE'S HOSPITAL D8tailed Statement of Financlal A¢tlvltie5 FOR THE YEAR ENDED 31ST JULY 2024 INCOMING RESOLIRCES AEtl¥ltles for8enerating funds 2024 2023 Shop inctsmp. Subscriptions and donation5 92,170 80,D63 Irwe5tmont Income Deposit account income Investment bond income 1,663 926 Total Income resour 108.031 98.342 RESOURCES EXPENDED Costof gener3tin8 funds Insurancè Othercosts 430 650 FundraJslngtradinE: Wst of lot5 501d and othercost Purcha$25 56.342 55,825 Charftabl¢ activilies Grantsto instltutions 53.962 74.324 Support rosts Man?¥ement Wages P05ta¥e ind statiDnery Afjm Meetlng 45.984 159 42.402 404 832 47246 43.638 Fknance B3nk charges Ac¢ountancv Depreciatlon of tsngible flxed a55Ets 922 3,180 195 4.297 2,094 3.190 261 5.545 Total re50urte5 exppnded Net IncomE lexpendhurel The notes form partof these Ionanclal 5tOteTrT Page11
THE FRIENOS OF ST GEORGE% HOSPITAL Not85 to the FlnanGlal Statements as at 31ST JULY 2024 Note 4: Cost of General Voluntary Income (page 81 pps Computer and fill runnlng costs Leg31 Bènk char8ÈS Sundry expenses D2preciation AGTrth Meetln 159 1.713 253 922 100 195 Det•lled Statement rf Nnandal Act1¢$ Ipage 111 RESOURCES EXPENOÉD Cost of Generalvoluntsry Income Computer EXpEre5 and Trll runnin8 CDSts Legal Sundry 1.713 253 Pag8 12
THE FRIENDS OF ST GEORGE% HOSPITAL SCHEDULE OF ADMINISTRATVE EXPENSES FOR THE YEAR ENOEO 31 JULY 2024 20 AdmInIstrave ex Wag8S and Salaries IM$uf8nce Computer and Till running costs Legal and Prof888ional fees Accountency Charitsble Donations Bank Charges Prin)ng and stationèry Sundry eKpenses Deprecialions n888 45.984 430 1.713 253 3.180 53.962 922 160 1.203 42.402 650 620 230 3,190 74,324 2.094 404 1.012 261 108002 12 Pa13