CHARITY REGISTRATION NUMBER: 213425 Sidmouth Victoria Hospital Comforts Fund Unaudited Financial Statements 31 October 2024
Sidmouth Victoria Hospital Comforts Fund Flnan¢ial Statemenls Year ended 31 October 2024 Pages Trustees, annual report 1to4 Independent examiner's report to Ihe Irustees Statement of financial activilies Statement of financial position Notes to the financial statemenls 8t012
Sidmouth Victoria Hospital Comforts Fund Trustees, Annual Report Year ended 31 Ociober 2024 The tiuslees present their report and the unaudited financial statements ol the charity for the year ended 31 October 2024. Reference and administrallve delails Registered charily Trame Sidmoulh Victoria Hospital Comforts Fund Charity reglstration number 213425 Principal office The Rews 4 Sidleigh Sid Road Sidmoulh Devon EX10 9DE The trustees Mr G J Vincent Mr T G Cook- Treasuref Mrs F Newth - President Mr J Roberts - Chairman Mr M J Lavers Mrs B J Smith Mrs M C Knights Mr D Feigie Mr A Mitchell Mr M Mertens Ms N Johnson Mr S Blylh Mr S Pearson (Appointed 22 January 20241 Charlly secrelary Mrs J Loveridge Independent examiner N Smy ACA Weslcolts ISWI LLP Chartered Accountants Queens House New Street Honilon Devon EX14 18J
Sidmouth Victoria Hospital Comforts Fund Trustees, Annual Report (eontlnuedj Year ended 31 October 2024 Stwcture, govemance and management The charity was founded in 1948 and was registered with the Charity Commission in 1964. The Sidmoulh Victoria Hospital Comfort5 Fund is an unincorporated association governed by the objects and rules revised 1956. 2002 and 2021. Objectives and activities The principal objective, which has remained unchanged. is lo provide funds lor the purpose of supplementing, in such manner as the Charity thinks fil, the resources of the Hospital principally by arousing and maintaining public interest in the Hospital. There were no poli¢y 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 ol the Comforts Fund, and up lo three other persons who may be co-opted by the committee ilsell. Ai the Annual General Meeting one third ol the committee members retire. Retiring members are eligible lor re-election. The committee has power to appoint sub-committees. No remuneration is paKI lo any committee member. The chairman receives a small honorarium. The Trustees consider the Charity's activities to be lor the public benefit as the hospital for which the Charfty provides financial support is lor the use ol the general public within the Sidmouth area. A¢hlevements and perlormance The financial statements lor the year ended 31 October 2024 illuslrale our activities for the year. We have Continued our commitment lo providing hot beverage vending in the wailing area and will evaluate its eHecliveness after 12 months. The wailing and reception area ol the hospital has been redeveloped lo provide separate reception facilities lor the Primary Care Doctors and their nurse praclilioners. We are monitoring the impact on car parking. Truslees see it as an important part ol the charities role lo support staff and patients in practical ways and grants lor Christmas gills and celebration food is a feature ol this. We also bought equipment such as loam javelins so that patients could lake part in their own 'Olympic activities.. Over the year we have had many meetings with NHS Property and RDUH to try lo plan lor the installation ol solar panels on the roof ol the hospital. We have offered lo fund the installation. This would allow lor electric car charging points lo be 511ed within the overall delivery ol improved slafl car parking. 11 fits with the suslainabilrty agenda ol both NHS Property and RDUH. Having secured the permission ol the freeholder INHS Piopertyl progress is being delayed by the lenanl IRDUHI. We continue to try lo work in partnership with bolh, lo lind a way forward. The Therapeutic Garden is very much appreciated by in-patients and visitors. The upkeep is a considerable commitment lor SVHCF and Iruslees are most grateful to Graham Vincent whose lime and energy make the garden what it is. With a number of Iruslees coming lo the end of their terms as Sel out in our conslilulion we have been working quietly on succession planning. We are committed lo broadening the demographic range from which we recruit. Potential new trustees have been approached, and we are grateful lo members of the community for their willingness lo serve.
Sidmouth Victoria Hospital Comforts Fund Trustees. Annual Report (contlnu8d) Year ended 31 October 2024 Achievements and performance {¢onNnuodJ A street collection was arranged this yBar, and il is the view ol trustees that this was important in keeping the profile of the organisalion in the publi¢ eye. The financial return was modest, and careful consideration will be given lo future collections. The level ol organisalion and preparation may not be justified by the money raised and there may be beller ways ol engaging with the community. Trustees have been well represented al local and regiorTral consullalion events. 11 is the intention of trustees thal we seek lo foslei strong relationships with both One Devon and the RDUH. Al a senior level relationships ale cordial and supportive. bul it remains a Iruslralion that we lind il so dillicull to bring plans lo Iruilion. An example of this is in our attempts lo support the development ol the next generation ol medical imaging al the hospital. The X-ray facility broke down many months ago and was judged beyond repair. Our ollers of assistance in improving the facility through matched funding ol a new machine have been Iruslraled. It remains a high priority lor us lo see this are of the hospital back in use. Res•rves Pollcy The Charity's financial position al 31 October 2024 showed a cash balance of £771,579. The Trustees Ihelefore consider the resetves to be reasonable al the balance sheet dale. Future plans Oui priorities are. to see the solar panel, electric vehicle charging, car patk re-development project lo Iruilion lo help to redevelop the X-ray facility at the hospital to maintain and improve the Therapeutic Garden lo see the MIU return lo the h05pilal to help to Te-open ihe day Case surgery unil al the ho$'tal lo plan lor smooth transition in governance through succession planning to represent the hospital al consullalion events locally and regionally Publ1¢ benetit The Trustees have complied with the duly contained in the Charities Act 2011 to have due regard lo the public benefit guidance published by the Charity Commission. Risk management The Trustees have examined the principal areas ol the Charity's operations and considered the major risks laced in each ol these areas. In the opinion ol the Trustees, the Charity has established resources and review systems which, under normal condrtions, should allow these risks to be mitigated to an acceptable level in its day lo day operations.
Sidmouth Victorla Hospital Comforts Fund Trustees, Annual Report l¢ontlnuedJ Year ended 31 Ociober 2024 Flnancial revlew During the year the Charity received income 01 £64,92012023.' £156,804) and incurred expendtture ol £47,42712023.' £80,023) resullillg in a surplus lor the year of £17,493 {2023- £76,781). 2024 2023 Nurse sponsorship12 years) Therapeutic garden Special lifting chairs Nurse home visit bags Vending machine Newspapers lor patients Delibrillalors Therapy toys Physio gym Sidmoulh Hospice al Home - specialist bathroom Sidmoulh Hospice al Home - carpark Cycle stand Televisions lor patient rooms Pedometers Dementia items 14,800 10,903 7,807 3,035 2,383 2,118 1,704 429 114 12,178 2,575 2,406 39,196 12,000 3,852 3,457 537 406 It also includes a contribution of £37012023.. £5191 towards the c05t of the Christmas festivities within the hospital. The Injslees. annual report was approved on .Iq l 4lW.?.....-.. and signed on behalf of the board of Iruslees by.. Mr J Roberts- Chairman Trustee
Sidmouth Victoria Hospital Comforts Fund Independent Examiner's Report to the Trustees of Sidmouth Victoria Hospiial Comlorts Fund Year ended 31 October 2024 I report lo the liuslees on my examination ol the financial slalemenls of Sidmoulh Victoria Hospital Comforts Fund {'Ihe charity'l lor the year ended 31 October 2024. Responslbilities and basis ol report As the liu*ees of the charity you are responsible lor the preparation of the financial slalemenls in accordance with the requirements ol the Charities Act 2011 I'lhe Acl'l- I report in respect ol my examination ol the charity's financial statements carried out under section 145 01 the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl ol the Act. Independent examiner's statement I have completed my examinalion. I confimi that no material matters have come lo my allenlion in connection with the examination giving me cause lo believe that in any material respect.. accounting records were not kept in respect ol the charity as required by section 130 of the Act., or the financial slalemenls do nol accord with those re¢or(Js,' or the financial slalemenls do not comply with the applicable requirements concerning the form and content ol accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'lrue and fair. view which is not a matter considered as part ol an independent examination. I have no conceins and have corne across no other mallers in connection with the examination lo which attention should be drawn in this report in order lo enable a proper understanding ol the accounts lo be reached. N Smy ACA Westcotts (SW) LLP Chartered Accountants Independgnt Examiner Queens House New Street Honiton Devon EX14 1BJ Date: È ISIJS
Sidmouth Victoria Hospital Comforts Fund Statemenl of Flnancial Activltles Year ended 31 October 2024 2024 Unreslricled funds Total funds Total funds 2023 Note Income and endowments Donations and legacies Other trading activities Investment income 40,808 185 23,927 64,920 40,808 185 23,927 64,920 137,599 305 18,900 Total income 156.804 Expenditure Expenditure on charitable activilies Total expenditure 47,427 47,427 47,427 80,023 47,427 80,023 Net Income and nel movement in funds 17,493 17,493 76,781 Recon¢lllation of funds Total funds brought forward Total funds carried forward 754,086 771.579 754.086 771,579 677,305 754,086 The slalemenl ol financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notès on pages 8 to 12 tomi part of these flnanclal statements.
Sidmouth Victoria Hospital Comforts Fund Stalemenl of Financial Position 31 Ociober 2024 2024 2023 Note Current assets Oeblors Cash ai bank and in hand 12 5,713 768.026 5,747 750.229 773,739 755,976 Creditors.. amounts falllng due within one year Net current assets 13 2,160 1,890 771.579 n1.579 771,579 754,086 754,086 754,086 Total asset$ less current liabilitles Net assets Funds of lh¢ charity Unrestricted funds 771.579 754,086 754,086 Tolal charity funds 14 771,579 These financial stalemenls were approved by the trxsard ol trustees and aulhorised for issue on %qxM.Ixs......, and are signed on behalf ol the board by= Mr J Roberts- Chairman Trustee Th? notes on paggs 8 to 12 form part of these financial statement
Sidmouth Victoria Hospital Comforts Fund Noles to the Financial Slatemenls Year ended 31 October 2024 General infomiation The chafity is a public benelil entity and a register1 charity in England and Wales and is unincorporated. The address of the principal office is The Rews, 4 Sidleigh, Sid Road, Sidmoulh. Devon, EX10 90E. Statement of compliance These financial slalemenls have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic ol Ireland,. the Statement ol Recommended Pra¢lice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 Icharities SORP IFRS 10211 and the Charities Act 2011. Accounting policies Ba$ls of preparallon The financial statements have been prepared on the historical cost basis. as modified by the revaluation of certain financial assets and liabilities and investment properties measured al lair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Value added tax The charity is not registered lor value added lax. Irrecoverable value added lax is aggregated along with the expenditure lo which it relates. Going concern There are no material uncertainlie5 atKJut the charity's ability lo continue. Disclosure exemptions The charity has taken advantage of the exemption in FRS102 from the requiremenl to produce a cashllow slalemenl because it is a small charity. Judgernent$ and key sources of egtimalion uncertainly The preparation ol the financial slalements requires management to make judgements, eslimales and assumptions that affect the amounts reported. These eslimales and judgements are continually reviewed and are based on experience and other laclors, including expeclalions of lulure events Ihal are believed lo be leasonable under the circumstances. Income lax Under section 505 ICTA 1988 Ihe charity is exempl from certain taxes. Full account is taken ol tax credits allached lo gifts and qualifying donations.
Sidmouth Victoria Hospital Comforts Fund Noies lo the Flnancial Statements (conHnuedJ Year ended 31 October 2024 Accounting polS¢les (conllnued) Fund accounting Unieslricted funds are available lor use al the discretion of the Iruslees in furtherance of the purposes ol Ihe chaiity. Designated funds ale unresliicled funds earmarked by the Iruslees for specific puiposes. Reslricled funds are subjected lo reslriclions on their expenditure imtx)sed by Ihe donor. Incoming resources All income is included in the statement ol financial activities when the charity is entitled lo the income and the amount can be quanlilied with reasonable accuracy. The following specific policies are applied lo particular categories of income.. Donations are included in full in the Statement ol Financial Activities when receivable. Income from invested funds is accounted for on an accruals basis. Legacies are accounted lor in the year in which they are confirmed. Resources expended Expenditure is accounted lor on an accruals basis as a liability is incurred and incorporates provision lor known liabilities where costs can be predicted. Charitable expenditure comprises those costs directly in¢uired by the chaiity in the delivery ol ils activities and seNt$ lor ils beneficiaries. Fundraising costs are those costs incurred in seeking voluntary contributions. Governance costs comprise all costs incurred in running the charity itsell as an organisalion. Financial instruments A financial asset or a financial liability is recognised only when the enlily become5 a party to the conlraclual provisions ol the instrument. Basic financial instruments ale initially recognised al the amount receivable or payable including any related transaction costs, unless the arrangement conslilules a financing Iransaclion, where il is recognised al the present value ol the lulure payments discounted al a market rate ol interest lor a similar debt inslrumenl. Current assets and current liabilities are subsequently measured al the cash or other consideration expected lo be paid Of received and not discounted. Debt instruments are subsequently measured al amortised cost.
Sidmouth Victoria Hospital Comforts Fund Noles to Ihe Flnancial Slatements (continued) Year ended 31 October 2024 Donations and legacies Unresliicled Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Donations Oonalions 50 4,226 4,226 Legacies Legacies 40,758 40.808 40,758 40.808 133,373 133,373 137,599 137,599 Other tradlng activities Unrestricted Total Funds Unresiricled Total Funds Funds 2024 Funds 2023 Fundraising events 185 185 305 305 Investment income Unreslricled Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Bank interest receivable 23.927 23,927 18,900 18,900 Expenditure on charitable a¢tlvities by fund type Unrestricted Total Fund$ Unrestricted Total Funds Funds 2024 Funds 2023 Sidmoulh Victoria Hospital Support costs 44,974 2,453 44,974 2,453 47,427 77,999 2,024 77.999 2.024 47,427 80,023 80,023 Expenditure on charitable a¢tlvlties by a¢llvlty type Activities undertaken directly Support costs Total funds Total funds 2024 2023 Sidmouih Victoria Hospital Governance costs 44,974 44,974 2,453 47,427 77,999 2,024 2,453 2,453 44.974 80,023 10-
Sidmouth Victoria Hospital Comforts Fund Notes lo the Financial Statements (conllnuÈdJ Year ended 31 October 2024 Independenl examinatlon fees 2024 2023 Fees payable lo the independent examiner for- Independent examillalion of the financial statements Other financial Services 1,152 1,152 2,304 945 945 1.890 10. Staff costs No salaries or wages have been paid lo employees, including the members ol the committee during the year. The average head count ol employees during the year was Nil12023'. Nil). No employee received employee benefits ol more than £60,000 during the year12023.' Nill- 11. Trusle• remuneration and expenses Trustees are not employees of the Charity, howevei the Chaiiman received an honorarium ol £20012023.. £2001. No Iruslees were reimbursed expenses during the year. 12. Debtors 2024 2023 Other debtors 5.713 5,747 13. Credltors: amounts falling due withln one year 2024 2023 Accruals and deferred income 2,160 1,890 11
Sidmouth Victoria Hospital Comforts Fund Notes to the Financial Slatements (C{1eLl) Year ended 31 October 2024 14. Analysls of charitable funds Unrestricted fund$ At 1 November 2023 At 31 October 2024 2024 Income Expendiluie Genefal funds 754,086 64,920 147.4271 771.579 Al 1 November 2022 Al 31 October 2023 2023 Income Expenditure General funds 677,305 156,804 180,0231 754,086 15. Analysis ol net a$set$ between funds 2024 Unrestricted Total Funds Funds 2024 Current assels Creditors less than 1 year Net asset$ 773.739 12,1601 771,579 T13,739 (2.160) 771,579 2023 Unreslricled Total Funds Funds 2023 Current assets Creditors less than 1 year Net assets 755,976 11,8901 754,086 755,976 11,8901 754,086 16. Related parties There were no related party transactions during Ihe year. 12-