CHARITY REGISTRATION NUMBER: 213425 Sidmouth Victoria Hospital Comforts Fund Unaudited Financial Statements 31 October 2023 Sidmouth Victoria Hospital Comforts Fund Financlal Statements Year ended 31 October 2023 Pages Trustees, annual report 1to4 Independent examinerfs report to the trustees Statement of financial activities Statement of financial position Notes to the financial statements 8t012 Sidmouth Vlctoria Hospital Cornforts Fund Trustees. Annual Report Year ended 31 October 2023 The trustees present their report and the unaudrted financtal statements of the charity for the year ended 31 October 2023. Reference and adminlstratlve detalls Rogistered ¢harlty name Sidmoulh Victoria Hospital Comforts Fund Charlty registration number 213425 Prlncipal officg The Rews 4 Sidleigh Sid Road SidmoLrth Devon EX10 9DE Th& trustees Mr G J Vincent Mr T G Ci)ok - Treasurer Mrs J Brewer Mrs F Newth - P￿sident Mr J Roberts - Chaimian Mr J Loveridge Mr M J Lavers Mrs B T Smith Mrs M C Knights Mr D Fergie Mr A Mitchell Mr M Mertens Ms N Johnson Mr S Blyth Mr S Pearson (Resigned 22 January 20241 IAprK)inled 22 January 2024} (Appointed 22 January 2024} Charity secretary Mrs J Loveridge Independent examlner N Smy ACA Weslcotts Chartered Accountants Queens House New Street Honilon Devon EX14 1BJ Sidmouth Victoria Hospital Comforts Fund Trustees. Annual Report (continu8dJ Year ended 31 October 2023 Structure, govemanco and management The chanty was founded in 1948 and was registered with the Charity Commission in 1W. The Sidmoulh Victoria Hospital Comforts Fund is an unincorporated assouation govemed by the ofy'ects and rules revised 1956. 2002 and 2021. Objedivgs and activltles The prinapal objective. which has remained unchanged, is to provide lunds for the purpose of supplementing. in such manner as the Charity thinks fit. the resources of the Hospital principally by arousing and maintaining public interest in the Hospital. There were no policy changes during the year. The affairs of the Comforts Fund are managed by a Committee, comprising the treasurer and not less than six or more than seventeen members of the Comforts Fund, and up to three other persons who may be co-opted by the committee itself. Al the Annual General Meeting one third of the committee members retire. Retiring members are eligible for re-decliors. The committee has power lo appoint sub-committees. No remuneration is paid to any committee member. The chaiman receives a small honorarium. The Trustees consider the Charty's activities to be for the Fwblic benefit as the hospital for which the Charity provides financial support is for the use of the general public within the Sidmouth area. Achievements and perfornance The financial slalements for the year ended 31 October 2023 illustrate our adivilies for the year. This year has been both busy and evenfful w¢th a great deal of work from a committed board of truste8s. Recruitment lo the board has provided fresh ideas and has improved the demographic range of members. 11 remains an intention to broaden the representation al board level when the oprK)rtunty arises. Work has contsnued lo move lo a Charitable Incorporated Organisalion model of govemance with dearance now obtsined from the Financial Conduct Authority to use the 18mi 'Fund' in our designation. Partnership projects have been a lime consuming but valuable area of work this year. Shared funding of projects with Sidrnoulh Hospice al Home has been successfully negotiated. We also o)mmitted ourselves lo helping with the training of local staff through a bursary scheme negotiated with Royal Devon Universty Healthcare Tnjst. The first candidate is shortly to complete training. In anticipation of Primary Care doctors holding consultations on the hospitsl sile and with the help of a substantial personal donation. we have taken on a contract ft)r hot beverage vendin9 in the wailing area by the man entran￿ to the hospital. As I write, we still have no confimied date for the Primary Care doctors lo move in and begin work. bul we ￿11 conlinue to monitOT the use of the vending machine over the Coming year. Purchases of equipment for the use of the hospitsl and for staff who tske hospital servic8S Out to the community have conlinL¢ed. Sidmouth Victoria Hospital Comforts Fund Trustees. Annual Report (¢ontlnvedJ Year ended 31 October 2023 Resebvès Policy The Chanty's financial position al 31 OLtober 2023 showed a cash balan￿ of £750.229. The Trustees therefore consider the reserves to be reasonable al the balance sheet date. Future plans We confidently look lo the future of SVHCF as a CIO and remain commttted lo finding a way forward with the long running project to improve car parking al the hospi181. Trustees are also keen lo explore wth NHS Property the purchase of solar paneL8 to go on the roof with power supplied for the hospital wth excess sold to energy suppliers to support the charity. Commitment to the therapeutic garden remains important lo trustees as does the on-going support for stsff recruitment and retention through sponsorship of the bursary scheme. Further partnership work is under discussion with particular attention being given to Dementia Support Services and Sidmouth Memory Cafe. By the lime of our AGM in April 2024 we are confident that our purchase and installation of a defibrillator on the outside of the hospital building will have been completed. Also worthy of mention is the wonderful idea of assisting the hospital and the families of those who experience end of lrfe care by providing tasteful cotton bags to retum patients belongings. Further to the ongoing debate regarding alterations to the Sidmouth Hosprtal carpark, M is hoped that this project will be undèrtaken within thè nèxt 6 rnonths at 8n 8Stirnat8d Ix)st of £150.000. Publlc benefft The Trustees have complied wth the duty contained in the Charities Ac* 2011 to have due regard lo the public benefit guidance published by the Charity CLYnmission. Rlsk management The Trustees have examined the principal areas of the Charilws operations and considered th8 major risks faced in each of these areas. In tho opinion of the Trustees, the Charity has estsblished resources and review systems which, un¢Jer normal conditions, should allow these risks to be miligaled lo an acceptable level in its day to day operations. Sidmouth Victoria Hospitsl Comforts Fund Trustees. Annual Report (contlnued) Year ended 31 October 2023 Financial revlgw During the year the Charity received income of £156.804 {2022.. £22,069) and incurred expenditure of £80,02312022.. £11.9991 resulting in a surplus for the year of £76,781 {2022.. £10,070). 2023 2022 Sidmouth Hospice al Home- specialist bathrwm Therapeutic garden Sidmouth Hospice al Home- car P8Tklng facilities Cycle stand for staff Televisions for patient rooms Vending machine Newspapers for patients Pedometers Dementia items Various patient chairs and stools Memory cards 39,196 12,178 12,000 3.852 3.457 2.575 2.406 537 8.350 236 213 201 39 It also includes a ¢*ntrbbulion of £621 12022.. £3601 towards the cost of the Christmas and Coronation feslivsties within the hospital. The Iruslees, annual report was approved on . trustees by.. and signed on behalf of the boafd of Mr J Roberts . Chaimian Trustao Sidmouth Vlctoria Hospital Comforts Fund Independent Examinerfs Report to the Trustees of Sidmouth Victoria Hospital Comforts Fund Year ended 31 Oclober 2023 I report to the trustees on my examination of the financial statements of Sidm¢JJlh Victoria Hospital Comforts Fund Ilhe charilll for the year ended 31 October 2023. Responsibilltles and basls of report As the trustees of the charity you are responsible for the preparation of the financi81 statements in ac￿rdanCe with the requirements of the Chariti8s Act 2011 Ilh8 Act'i. I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have foll¢￿ed all the applicable Directions given by the Charty Commission under section 14515llbl of the Act. Independent examlnerfs 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 m*erial respect.. accounting records were not kept in respect of the charity as required by section 130 of the Act., or the financial statements do not accord with those records; or the financial slalemenls do not comply with the applicable requirements conceming 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 Irue and fairf view which is not a matter consider￿1 as 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 lo enable a proper understanding of the accounts lo be reached. N Smy ACA Westcotts Chartered A¢￿￿ntants Indepgndent Examiner Queens House New Street Honlton Devon EX14 18J Date: l4-S-? Sidmouth Victorla Hospital Comforts Fund Statemenl of Financial Activilies Year ended 31 October 2023 2023 Unrestricted funds Total funds Total funds 2022 Notg In¢omg and endowments tk>nations and legacies Other trading activities Investment income 137.599 305 18,900 137.599 305 18,900 156.804 18,920 322 2.827 Total Income 156.804 22.069 Expendkture Expenditure on tharilable activities Total expenditure 80,023 80,023 80,023 11,999 11.999 80,023 Net incomè and net movement In funds 76,781 76,781 10,070 Reconclllatlon of funds Total funds brought forwaid Total funds carried fO￿ard 677.305 677.305 754.086 667,235 677,305 754,086 The slalemenl of financial adivilies includes all gains and losses rgcognised in the year. l income and expenéilure derive from continuing activities. The nots$ on ￿g&S 8 to 12 forn) part of these financial stat•mèrts. Sidmouth Victoria Hospital Comforts Fund Statement of Financial Position 31 October 2023 2023 2022 Not• Current assets Debtors Cash at bank and in hand 12 5.747 750,229 755,976 518 678,545 679.063 Creditors: amounts falllng due within one year Net current assets 13 1,890 1.758 754.086 754,086 754,086 677,305 677.305 Totsl assets less current Ilabllltte$ Net assets 677,305 Funds of the charlty Unrestricted funds 754,086 754,086 677,305 677,305 Total charity funds 14 TVP se financial statements were approved by the board of trustees and authorised for issue on .*..: knb¥ and are signed on behalf of the board by.. MrJ Roberts- Chalmian Trusts• The not￿ on paw 8 to 12 form part of thgse finanelal stat•mèn Sldmouth Vlctoria Hospital Comforts Fund Notes to the Flnancial Statements Year ended 31 Oclober 2023 General Inforniatlon The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is The Rews, 4 Sidleigh, Sid Road, Sidmoulh, Devon, EX10 9DE. Statement of compllance These finanryal stslements have been prepared in compliance with FRS 102, 'The Financial Reporting Stsndard applicable in the UK and the Republic of Ireland,. the Statement of Recommended Practice applicable to charities preparing their accounts in accordance wth the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 (Charities SORP IFRS 102}l and the Charities Act 2011. Accountlng pollcles Basis of preparation The financial statements have been prepar￿j on the historical cost basis, as modified by the revaluation of certain firbancial assets and liabilit¢es and investment properties m8asured at fair value through income or expenditure. The financial statements are prepared in steding, Nthich is the functional currency of the entty. Valug added tax The charity is not registered for value added tax. Irrecoverable value added tsx is aggregated along wth the expenditure to which it relates. Going concem There are no material uncertainties aboLrt the charity's ability lo continue. Dlsclosure exemptlons The charity has taken advantage of the exemption in FRS102 from the requirement to produce a cashflow slalemenl because il is a small charity. Judgements and key sources of estimation uncertainty The preparation of the finanaal statements requires management lo make jLtdgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believ￿ lo be reasonable under the circumstances. Income tax Under seclion 505 5CTA 1988 the charity is exempt frcffl certain taxes. Full acc￿nt is tsken of tax credits attsched to gifts and qualifying donations. Sidmouth Victoria Hospital Comforts Fund Notes to the Flnanclal Statements (¢onthiu8dJ Year ended 31 October 2023 Accountlng pollcles l¢•nti*Ju•dJ Fund accounting Unrestricted funds are available for use at the discretion of the trustees in furtherance of the purposes of the charty. Designat8d funds are unrestricted funds eamiarked by the Iruslees for specrfic purposes. Restrict￿ funds 8re subjected lo restrictions on their expenditure imposed by the donor. Incoming rosourcgs All income is included in the slalemenl of financial activities when the charity is entillgd to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied lo particular categories of income.. Donations are included in full in the Statement of Financial Activities when rewvable. Income from invested funds is accounted for on an accruals basis. Legaaes are accounted for in the year in which they are confimed. Resources expended Expenditure is account￿ for on an a￿rualS basis as a liabilty is incurred and incorporates provision for known liabilities where costs can be predicted. Charitable expenditure comprises those costs directly incurred by the charity in the delivery of its activrties and services for its beneficiaries. Fundraising costs are those costs incurred in seeking voluntary contllbutions. Governance costs comprise all costs IncU￿e￿ in running the charity itself as an organisation. Flnan¢lal Instruments A financial asset or a financial liability is recognised only when the entity becomos a party to the conlraclu81 provisions of the instrumenl. Basic financial inslrumenls are initially recconised al the amount receivable or payable including any related transaction ￿st$, unless the arrangement constitutes a financing transaction, where it is recognised at the present valu8 of the futu￿ payments discounted at a market rate of interest for a similar debl instrument. Current assets and current liabilities are subsequently measured al the cash or other ¢X•nsideralion expècted to be paid or received and not discounted. Debt instruments are subsequenuy measured at amortised cost. Sldmouth Victoria Hospital Comforts Fund Notes to the Financlal Statements {conthu•dJ Year ended 31 October 2023 Donatlons and legaci9S Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Donatlons Donations 4.226 4.226 2,820 2.820 Lggacles Legacies 133.373 133.373 137,599 16.100 16,1 137,599 18,920 18,920 Other trading activitiOS Unrestricted Totsl Funds Unrestricted Total Funds Funds 2023 Funds 2022 Fundraising events 305 305 322 322 Investment Income Unrestricted Total Funds Unrestricted Totsl Funds Funds 2023 Funds 2022 Bank interest receivable 18,900 18,900 2,827 2,827 Expenditure on charftable actlvlties by fund ty Unrestricted Totsl Funds Unrestricted Totsl Funds Funds 2023 Funds 2022 Sidmoulh Victoria Hospital Support costs 77,999 2,024 77,999 2,024 80.023 9,955 9,955 80.023 11,999 11,999 Expendituro on charitable activities by actlvlty type Actbvities undertaken directly Support costs Total funds 2023 Total fund 2022 Sidmoulh Victoria Hospital Governance costs 77,999 77.999 2.024 80.023 9.955 2,024 77,999 2,024 11,999 10. Sldmouth Victoria Hospitsl Comforts Fund Notes to the Flnanclal Statements i¢ontlouodJ Year ended 31 October 2023 Independent examlnatlon fees 2023 2022 Fees payable lo the independent examiner for.. Independent examination of the financial slalements Other financial services 945 945 879 879 1,890 1.758 10. Stsff costs No salaries or wages have been paid to employee5. including the membors of the committee during the year. The average head count of employees during the year was Nil12022.. Nill- No employee received employge benefits of more than £60,000 during the year12022'. Nil}. 11. Trust90 remuneration and expenses Trustees are not employees of the Charity. however Ihe Chaimian received an honorarium of £20012022.. £2001. No trustees were reimbursed expenses during the year. 12. Debtors 2023 2022 Olher debtors 5,747 518 13. Creditors: amounts falling due within one year 2023 2022 Accruals and deferred income 1,890 1.758 11 Sidmouth Victoria Hospltal Comforts Fund Notes to the Flnanclal Statements fcontlmi•d) Year ended 31 October 2023 14. Analy$ls of charitable funds Unrestricted funds 2023 At 1 November 2022 At 31 October 2023 Irbcome Expenditure Goneral funds 677.305 156,804 IBO,0231 754.086 2022 Al 1 November 2021 Al 31 October 2022 Irwme Expenditure General funds 667.235 22,069 (11.9991 677,305 15. Analysls of net assets between funds Unrestricted Total Funds FLIr￿S 2023 2023 Current assets Creditors less than 1 y8ar Ngt assets 755.976 11,8901 754,086 755.976 11,8901 754.086 Unreslrided Total Funds Funds 2022 2022 Current assets Creditors less than 1 year Net assets 679,063 11,7581 677.305 679.063 11,7581 677,305 16. Related partlos There were no related paty transactions during the year. 12.