Charlty registratlon number 22S858 FRIENDS OF CHICHESTER HOSPITALS ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
FRIENDS OF CHICHESTER HOSPITALS LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mrs J Ramage Mrs J Hepworth J Rowden MrsA Hobson Mrs P Robertson Mrs K Smee Mrs L De TaOor R Stephens A KeeEir¥J J Brotherton J Tumer L Fraser M Reed M Barge (Apwnted 15 November 20211 (Apwnled 18 O&ober 20211 (Appointed 24 Awil 20231 (Appointed 8 June 20221 Charity number 225858 Principal address Friends Offi St Richard's H¢)$ts1 Spitaffields Lane Chthester West Sussex P019 6SE Independent gxamlnor Claire Notwood Bse FCAATII Jones Avens Limited Piper House 4 Dukes Cwrt Bognor Road Chthester West Sussex P019 8FX
FRIENDS OF CHICHESTER HOSPITALS CONTENTS Page TTUStees' report Irthpendenl examine¢s report Stslemenl of finanoal activitses BalancÉ sheet Notes to the financial sLitements 9-19
FRIENDS OF CHICHESTER HOSPITALS TRUSTEES, REPORT FOR THE YEAR ENDED 30 SEPTEAIBER 2022 The Injstees present their annual rep)rt and finwwl statements for the year ended 30 September 2022. The financial statements have been prepared in accordance V•rylh the accounting policies sel out in note 1 to the finanaal statemenls and comply wrth the thantys goveming dooJment, the Charities Act 2011 and "Accounting and Reporting by Charities.. Statement of Recfjmmended Practice applicat4e lo Charit$ pparing their accounts in accordance with the Finanaal Reporbng Standard applicat4e in the UK and Repsjblic of Ireland IFRS 1021 (effective 1 January 20191.. The Friends of Chichester Hosptals is a Registered Chtty fomied in 1948. Oblect5ves and actlvities The charity's objectives are to encourage the interest and supm of the lo¢ communrty in Ch"chesterfs Nation Heakh Service Hospitas. then three- The Royal V4st Sussex, St Richard's and (>aylingwell. The Royal st Sussex and Sl Richard's were progressively merged in the 1980's and today, St Richard's Hospital 81 Chichester serves as the GenerJ and A¢LideAt and Emergency Hospital for the stern area of West Sussex th a re&dent population of over 210,000 peoFde. The main core of St Richard's moved into a new hospital in December 1996. The Arztdenl and Emergency depwtment was extensivdy enlarged and modemised m 1999 and 20QQ. GraIngWe1l Hospital (now known as The Chichester Centrel is mainly Ictated on its original site in Chi¢hester and serves the same wpulab'on wth the provision of Mentsl Heatth and Community Services. Graylingwell has reeently moved inlo modern accommrxgalion. and some older facilth.es such as Harold Kidd Unrt aSed to provide care in autumn 2021, but Connolly House is still promding care and is one of the okler units. The Friends exist to provide fijnds to supplement or enhance the resources of t4)Ih Iv)sytsls lor the benefft of patients and stsff. This is achved by operath.ng a profitable, effiaent Howal Shop and rd Trolley Service whith provides good 'alue for monef c)fects.0nery, t*Ieth"eS, newspapers and mag8zines, groceries and snacks. Additsonal funds are raised from legacies, In Memoriam donations and through féles, film shows, dances, flag days. raffles and by a group of members who pay for life memtership of £50 or an Annual Subsuiptien of £10. The trustees have paid due regard to guidance iSAd by the Chanty Commission in deuding what acbwties the charity should undertake.
FRIENDS OF CHICHESTER HOSPITALS TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022 Slgnlficant actlvltles At the start of the finanaal year COVID was still having a &gnTfieant effect UFon the hospitsls. In December 2021 Plan 'B' was introduced by the government meaning face masks lo be wom in all pub15c spaces. 11 was not until February 2022 that all reslriction$ we lifted and we Vre all asked to tske responsit4.lity for proleeting ourselves and others. The newly emerged trust. Univergty Hospitals Sussex Foundab"on Trust is ntr4V fijlty operational and has some 20,000 employees. Many changes in pwsonnel and management have taken aCe and these now seem to be settling down. Al the lime of wnth"ng. the changes are almost Complete and the Friends now have a good relationship with the Hospital Director and the Director of Nursing. The Fnends are a fully voluntarily led and run charity and trms keeps our overhead running costs lo a minimum. This fact is greatly appreciated by those vrt donate to us as they knu4V their grft is being used wisely. There are 14 trustees and we meet appr0matelY every 6 weeks. They are ably asgsled by 3 part tsme assistsnts who run our office in St Ri¢hard'$ Hospital Dunng the year fvnd raising everrts were str"Il drffioJlt to organise wth Ihe aftemalh of COVID. Nevertheless, through the kindness of the Chichester Rotary Clubs we were able to hold a collection day at the cross duriNJ the Christmas period. We also gave a present bag to each patient unfortunate encmjgh lo be stawng in hospital 81 Christmas. The Friends Shop, llxated in the outpab.ents area, is goir¥J from strength to strength. The daily ward troeY round was not possible during the year and restarted in February 2023. tt is hoped to increase this to rounds d811y. Not onty does this trolley serve patnts and staff. st also raises the profile of the Friends around the hospital. The shop held regular free raffles for staff to thank them fc all Iheir hard work and diligen¢e and these raffles We greatly appfeaated. The shop cCtinueS to trade well throughout the peii(yJ although r( was not easy at th"mes. There is aayS colourful and topical window diway to be seen. Pre Covid we had over 100 volunteers but after COVID this was reduced to a handful. Qui(e a lew of the original vc4unteers have now retumed and we have been at4e to wrurt new ones resulb'ng in a vdunteer number of just over 50. Our volunteers are the Friends biggest assei and thOut them we would not be in such a str9 positic vAth such low fixed overhead costs. Many donations have been received by post, through the Just Grvrng wthte as v1 as the Charity Aid Foundatitin. An Increasing number of these are gfft aided. However, by far the greatest source of our inu)me was from legacies and our gralefijl thanks goes to dl those who remembered . Three new trustees were appointed during the year. all brtnging with them thet'r indmdual skills to strengthen the existing trustee team. In February 2022 Richard Stephens was apwnted as chaim)an of the Friends. He fdlowed Jane Ramage had seNed lirdessly and with the utmost dedication some 15 years. She had an eye for every detail. and we thank her orni0SlY for all the hard work She pirt in during her temi of office. We musl also thank all of those tho have helped the Friends of chiclter Hosprt4$ dLtring the year by giving us generoUY their tsme to support this very I4Utmlle cause.
FRIENDS OF CHICHESTER HOSPITALS TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022 Achievements and perfomiance In the year to 30 September 2022 Ihe Friends showed a surplus fLY the year of £237,346. This compares wlh a surplus for the previous year of £24.947. Thi$ year the total incoming resources, after the costs of generab.ng the funds. increased lo £387,958 compared to £124,488 last year. As most chajitses there are aVaYS ups and downs in the sources of our income. The increase in inc4)ming resources is mainly (Je to a In(se in ¢JJr legacy irtome and an improvement in the Shop's trading results. The Friends agreed to fijnd eommrtments this year of £143,027 eompared wth last yearfs commitments of £92,602. The Friends eontinue to make the hosprtal wards aware of the support available to them and have approved the majority of requests made by the wards in the year to 30 September 2022. Fundralslng actlvllles The shop continues to generate p¥ofits for the Friends. This year the amryjnt of profil generated by the Shop increased lo £32.087 {up from £22.613 last yearl. The resum ts the year is a lestamenl to the efforts made by the Shop volunteers as trading recovers from the cowd lockdown. As ever, the shop VolteerS have Isthed very hard to make yjre that both the shop and trolley continued lo promde (when allowed) a highly valued se to t#)th the patt.ents and staff of St Richards Hospital. Wlhoul this effort by the volunteers the Friends would not be able to continue offering this service,. so yel again we owe a big vote of thanks to all thtx helped duriro Ihe year. Flninclal revSew Reserves polky The Iruslees aim to meet the requests for support received from the Hosprtals wherever p0ble. In years when the suitable requests received from the hosimtals is than the income received by the Friends the surplus arising is carried foThtsrd lo fund requests in future years. A ggnificanl part of the Friends, income is derived from legathes, whth can vary from year to year. In order to ensure that the Friends a able to suppcrt the Hospitals in a year in vthich the legacy income is low a designated reseNe had been established. In prior years this desNJnated reserve received 10% of the legacses received in the year, in 2017 a decision was made not lo increase the amount held in this degned reserve and this tjecision continued in the year lo 30 September 2022. Total reserves at the Balance Sheet date are £1,516,785 12021.. £1,279,439) of lch £1,466,171 12021-. £1,222,732) are unrestricted and £50,61412021". £56.7071 are reslricled. Risk rnanagament The trustees have tsjnsidered whether there are any Malc risks Ihal may athrsety affect the eontinued operth'on of the Charity. As the Chanty has no emoYeeS or sigruficant Ongng commitments and lo fijnd requests fr¢Jn the hospitals when fvnds are avai18ble the Twstees cth&der the are no major risks that need to be addressed.
FRIENDS OF CHICHESTER HOSPITALS TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022 Plans for future perfods Future plans 2024 sees the 75th anniversary of The Friends and spec4al e¥ts wll be planned throughout the year to mark Ihis prestigious occasion. After a relatNely quiet lime for bids from the hostyals during the Comd period. we Can confinn demand for our help is rising wrth an increasing number of bills for medical and other equipment being sutyxitted. We continue Qui good relationship with the Friends of the other hospitals in the trust, 8n"ghlon. lknrthing, Hawards Heath, and Southlands. It must be noled that all Friends operate fvlly independently. Our continued exislence and the abilty to meet the demands upon us depends on ful raising projects, legacies and memarial donations as well as the support of numerws vdUntee who eFerate the friends shop in Saint Richard's hosprtal or help lo run events. a most gratelul lo these pU1C-spirited individuals and organisalions who continue lo provK1e the SUPFrt)rt this valuable communrty charity deserves. The fure plans are to continue wrth the go w¢yk that the chanty undertakes in providing valuable Servi lo patients and Msilors as wdl as funthng vrtal medi121 equipNnent StructUTe. governance and management The charty is contrdled by ils goveming doojment. a deed of trusL arKI constilutes an unincwrated charity. The tnjslees vtho served during the year and up to the date of signature of Ihe financial statements were." Mis J Ramage Mrs J Hepworth J Rowden Mrs A Hobson Mrs C Hal Mrs P Roberts(¥) Mrs K Smee Mrs J Stirtand Mis L Dean Taylor R Stephens A Keeling J Brolherton J Tumer L Fraser M Reed M Barge {Regned 18 OfAober 2021} IResigned 24 October 2022} IAppointed 15 November 2021) IAppointed 18 October 20211 {Appointed 24 Awl 20231 IApwnled 8 June 2022) The current trustees all have eXper1er and knowledge of Ihe kKal area and chartty sector. They have not undertaken any speafic induction or training because their prewous invdvement wth charities and their general busness experience was believed to be SLrffiaent to ensure a fvll understsnding of their dubes and responsibilities both generally and spea"fically as they apply to charibes. Try are made aware of any changes in ¢harity law which may affect Ihelr SponSIbl1"es.
FRIENDS OF CHICHESTER HOSPITALS TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022 The Friends is managed and run enb.rety ty volunteers. The registered offtt is at Sl RichaTtrs Hospital. Skytslfiebj Lane, Chichester. P019 6SE where rnosi of of the adminislrative wort 1$ COled out. A commitlee is elected at th8 Annual Gener81 Meeting and they act as Trustees of the Registered Charty. Thè Committee consists ol a President. four Officers Ichainnan. Vice Chaimian. Hon. Secretary and Hon. Treasurer) and up lo fifteen Commrttee members. The committee meets not less than eight times annualty to rNe requests from the stsff of both hosprtals for rinanry81 support for the pur¢hase or enhancernenl of medical equipment. and the provision of patient and staff amenthes, SLbth as comfortable seab.ng in warting areas and Chnstmas gffts. In Nder to ensure that requests are priorili$ed $0 that the limited funds are depk)yÈd wisety and effe(vely, the management of aach Hosprtal inib'ally vets each request. However, small bth of up to £5.LXQ can be submrtted directty to the "officers. by Hospit81 wafds or departments. The Friends maintain dose and frrty relan9 with the management. stsff and patients of both Hospita15 so that a synwlhetic response w be made to al requests supk Future trustees will be gThn ICtln and trainry as appropriate uuainl them wilh the tharty and its method of operalion. On appcxntment new trustees win be "efe on their legal oiAigations under thafty law, the content of the goveming docajmenl. the u)mmittee and deusicffi makn"n9 processe5 a1 the renI fmanca81 perfomiance of the charity. The trustees. report was appro¥ed by the Board of Tnjstees. R Stsph8ns Trusts• 1025.
FRIENDS OF CHICHESTER HOSPITALS INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FRIENDS OF CHICHESTER HOSPITALS I report to the trustees on my examination of Ihe financial ststements of Friends of Chthester Hospitals charity) for the year ended 30 September 2022. Responslbllltl8s and basls of report As the trustees of the thanty you are responsible for the weparation of the financial statements in accordance wlh the requirements of the CharitiesAct 2011 Ithe 2011 Acll. I report in respect of my examinab.on of the charrty's finane4al statements carTied <yJt under section 145 of the 2011 Act. In carrying out my examination I have followed all the apFlicable Direthons given by the Charity Commission under section 14515llbl of the 2011 Act. Independenl examlnevs ststement Since the tharity's gross income exceeded £250.000 your examiner must be a member of a body listed In section 145 of the 2011 Art. I confimi that l am qualthed to undertake tr examinabon because l am a memts of . vthich is one of the listed bodies. Your attention is drawn to the fact that the chanty has prepared finanaal statements in accordance wth AUntyng and Reporting by Charrties preparing Iheir accounts in accordance wth the Finanual Reporting Standard applicaue in the UK and Republic of Ireland IFRS 1021 in J%eferen to the Accounting and Repth'ng by Charities.. Statement of Recommended Pracliee issued on 1 April 2005 which Is referred to in the extant reguL3tsons but has now been ithdrawn. l understand that thi5 has been dcne in order for financial statements to provJe a Irue and fair view in accordance wrth Generally Accepted Ae£ounkn"ng Pract effeth.ve ts reporting per1$ beginning on or after 1 January 2015. I have completed my examination. I confimi Ihat no matters have come to my attention in connection wlh the examination giving me cause to bdieve that in any material respect". accounting records were not kept in respect of the tharity as required by section 130 of Ihe 2011 Actr, or the finaneial ststements do not aceord wth those records., or the finanual stslements do not comply wth the apwlic2ble requirements coneeming the fomi and content of accounts sel out in the Charibes {Accounls and Repts) Regulations 2008 other than any requirernent that the accounts give a true and fair view which is not a rnatter considered as part of an independent examinati¢)n. I have no concerns and have come auoss no othw Matt in nneCts'On th the examination to thich attenkn.on should* dravm in this report in order to enable a proper underslandiThJ of the financi statements lo be reached. Claire NorAd Bsc FCA ATII Jones Avens Limited Piper House 4 Dukes Court Bognor Road Chichester West Sussex P019 8FX 2710712023
FRIENDS OF CHICHESTER HOSPITALS STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2022 Vnrestrlcted Rgstrlcted funds funds 2022 2022 T¢)tsl Unrestrlcted Restrlcted fvnds funds 2021 2021 Total 2022 2021 Notes Ineome from: Donations and legacies Other trading activities Investments 347.790 6.766 354,556 97.357 3.375 100,732 118,263 957 118,263 957 90,805 178 90,805 178 Total Income 467,010 6.766 473.776 188,340 3,375 191,715 enditure on: Raising funds 85.818 85.818 67.227 67,227 Charitsble actiwlies 137,753 12.859 150,612 74,498 25,043 99,541 Total oxpenditure 223.571 12,859 236,430 141,725 25,043 166.768 Net incorningl(outgoing) resources before transfefs 243.439 (6.0931 237,346 46,615 121,6681 24,947 Gross transfers btheen funds 13 350 13501 Net Incomellexpendlturel for the yearl Net movement In funds 243.439 16.0931 237,346 46.%5 122,0181 24,947 Fund balarKes al 1 Oclober 2021 1,222,732 56.707 1.279.439 1.175.767 78.725 1,254.492 Fund balances at 30 September 2022 1.466.171 50,614 1.516,785 1.222,732 56,707 1.279,439 The statement of financial actItS IndleS all gains and losses reCl$ed in the year. AJI inccme and exwditure derive frcrfn tinUIng activilses.
FRIENDS OF CHICHESTER HOSPITALS BALANCE SHEET AS AT30 SEPTEAIBER 2022 2022 2021 Flxed assèts Tangible assets 14 10,176 11,430 Current assets 15 16 10.864 335.297 1.241.980 10,421 110,373 1.197.092 Debtors Cash at bank and in han¢J 1.588.141 1,317,886 Creditorn: amounts falllng within one year 17 (81.532) 149,877) Net rrent assèts 1.5CK8,ed)9 1.268,009 Totsl awts Iw Gufrnnt liabiliti 1.516,785 1.279.439 Income fund• Restn"cled fvnds Unreslricled funds Designated funds General unrestricted fvnds 18 J,614 56.707 19 725.932 740.239 725.932 496.800 1.4eo,171 1,222,732 1.516.785 1.279,439 12 2olJ The finanual statements were apprn by the Trustees on............ en Tru¥ts• R Steph Trtotr¢
FRIENDS OF CHICHESTER HOSPITALS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 A¢¢ounttng pollcles Charity Inforniation Friends of Chichester Hosprtals is a charity registed in England governed by its trust deed dated 1955 as amended on 1 June 2016. Its principal address is Friends Office, St Rthard's Hospital, Spitslfields Lane, Chichester, Sussex. 1.1 AoUntIng convention The fina121 statements have prepared in aCrdanCe wth the charivs governing document, the Charities Act 2011 and "Accounting and Repo"n9 by Chanties". Statement of Recommended Practice applicable lo charities preparing their accounts in aceordanee vthh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) leffeth.ve 1 January 2019)" The tharity is a Public 8enefil Entity as defined by FRS 102. The charity has tsken advantage of the prOS1On$ in the SORP for tharib.es app.ng FRS 102 Update Bulletin 1 not to prepare a Slalement of Cash Flows. The financial statements have departed from the Charities IAccwnts d Reports) RegUb"On$ 2008 only to the extent wuired to provide a tnje and fair view. This departure has involved following the Statement of Recommended Practice for tharities a'ng FRS 102 rather than the verwon of the Statement of RecommerKled Practice which is referred to in the Regulations bul vknich has since been withdrawn. The fin¢1* statements are prep¥ed in sterfiThJ. vA)ich is ihe tyJrren¢y of the tharity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under Ihe historical cost convention. The prinapal accounting policies adopted are set out below. 1.2 Going concem At the lime of approving the finanoal ststemenls, the Irustees have a reasonable expectation that the chanty has adequate resources lo continue in operational eXIenCe for the foreseeable future. Thus the trustees continue lo adopt the wng concem basis of accounb.ng Fn preparing the finarrial $tsteTnents. 1.3 Charltable lunds Unrestricted ftjnds are available for use at the thsuetion of the Iruslees in furtherance of their charitable objectives. Designated fvnds comprise fvnds which have been set aside at the discreb.on of the trustees for specific purposes. The purFK)ses and uses of the egnated fLwids a set out in the rtstes to the finanual statements. Restricted fuTrJs are subject to speofic con1j0nS by donors as lo how Ihey may be used. The purp)ses and uses of the restricted fvnds are sel (wt in the notes to the financial statements. 1.4 Income Inme is re¢ognised when the d)arity is legally entiued to it after any perforn)anc£ conditsons have been meL the amounts can be measured reliatrjy. and rt is probalAe that income 11 be received. Cash donations are reeognised on rèceipt. Other donations are recognised once the charity has been notified of the donation. unless performanee eondrti.ons require deferral of the am(MJnl. Ineome tax recoverable in relali¢)n lo ¢Jonalions received under Grfl Aid or deeds of covenant is re¢cgnised al the kn.me of the dOnatsn. Legae4es are recognised on receipt or otherwise rf the charity has been notsfied of an impending distributs"on. the amount is known. and receiFI is expected. If the amount is not known. the legacy is treated as a contingent asset.
FRIENDS OF CHICHESTER HOSPITALS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022 Accountlng pollcles Icontlnuedl 1.5 Expendlture Liabilities are recognised as expenditure as soon as there is a legal or construcve obligation commthng the charity lo that expentyiluo, rt is probable that a ironsfer of economic benefits vAII be required in setuemenl and the amount of the obligation can be measured rdiabty. Expenditu is accounted for on an aCCalS basis and has been classified under headings that aggrege all cost rekqted lo the category. Where costs cannot be diredy attributed to partiojlar headings they have been alICted to aCti"tieS ert a bays nSIStent with the use of resources. Lapsed bids - If an approved bid is not completed Iwthin 12 months of rt being approved ty the Committee, the bid is deemed to lapse. The Commrttee will. hthvever, reconsider the rx)sition rf a bid is reprèsènted by the hospitals. 1.6 Tanglble flxed assets Tangible fixed assets are initially meagjred at cost and subsequenty measured al cost valLth"on, net of depreoalion and any impaimenl se$. Depreciation is recognised so as to tte off the cost or valuation of assets less their resbdual values over their usefijl lives on the followry bases.. Freezers Shop fith.ngs Computers Trolleys Swlpture 25% on dUCIng balan 25% on reductng balance and 10% on cost 33% on reductng balance 10% on redu balance The gain or loss arising on the disposal of an asset is determined as the difference been the sale proceeds and the CaTng value of the asset. and is reco9ntsed in the statement of financial activities. 1.7 Impalmient of fixgd assets At each reporting end date. the Charity the caryng amourts of its tangitrAe assets to detemiine vthether there is any indication that those assets have suffered an impaimient loss. If any such Indication exists. the reVerale amount of the asset is esb"mated in order to delennine Ihe extent of the impaiment loss lif any). 1.8 Stocks Stocks are valued at the It)v of $1 and net reaisable value. after making due allowance for obsolete and slow moving rtems. Net realisable value is the est'mated sdlirvJ wce less al estimated costs of CoM8110n and costs to be incurred in marketing. selling and distribution. 1.9 Cash and ¢a$h oqulvaknts Cash and cash equivalents include cash in hand. deposrts held al eall with banks, other short-tem IiquN investments 1h original maturities of three months or kss. and bank overdrafts. Bank overdrats are shown wthin borrowngs in currenl liatJ1.e$. 10-
FRIENDS OF CHICHESTER HOSPITALS NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022 Accountlng pollcles Icontlnued) 1.10 Flnanclal instruments The charty has elected to aPY the promsions of Secticfi 11 'Basi¢ Finawal Instruments, and Section 12 'Other Financial Instrumenls Issues. of FRS 102 to all of its fin81 instruments. Financial instruments are recognised in the charitvs balance sheet the chartty becomes party to the contractual provisvJns of the instrumenL Financial assets and Ik8kJ'lities a offset, wth the net 8mounls presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and Ihere is an Intention to selue on a net basis lo realTrse the asset and settle the liabilty &rnuttaneously. Basic financial assets 8asic financial assets, 1th rtude debtors and ea$h and bank balances. are inilialty meawred at transaction price induding transactw costs and are subsequenuy carried at amortised wsl using the effective interest melhod unless the arrangement constitutes a finanang tran&iction, where the transaction is measured at the present value of the ftrture reiptS discounted at a markel rate of interest. Finanaal assets classsfied as receivable within efft year are not amortised. Basic financial liabilities 88sie finanaal liabilrties, induding CTeditors and bank loans are initialty recogrmsed at transaction price unless the arrangement consb"tLrtes a financ4ng transactNJn, re the debt inthment is measured al the present value of the future payments discounted at a mafket rate of interest. Finanaal liatslities dassrfd as payable thin one year are not 8moth"sed. Debt instruments are subsequenty carried al am(xbsed cost. using the effecbve interest rale meth¢XI. Trade creditors are obligats.ons to pay for goods or services th have been acquired in the ordinary course of operats.ons from suppliers. Amounts payable are daSSFr as wrrenl liabilrties if payment is due within one year or less. If not. they are presented as nonwcurrent liabilities. Trade Credi are reugnised initially al transath.on price and subsequently measured at amorbsed cost using the effeth.ve interest method. DerKogni¢ion of finan¢lal Ilabllldes Finanual liabilities are derecognised vthen the charity's Cctr&1UaI obligations expire or are discharged or ¢ancelled. cr1¢•1 accountlng estlmates and judgements In the application of Ihe charis acwnb.ng pOle$. the trustees are requi to make judgements, estimates and assumptions aboLrt the carying arnnt of assets and liabil"e5 that are not readily apparent from other sources. The estimates and assoaated assumpts.ons are based on historical experience and other factors that are considered to be relevant Actual results may differ from these eslimates. The estimates and underlying assumpt'ons a revwved on an Mgoing bas. Revisions to accounting estimates are recognised in the perTod in vthich the estimate is revised ere the revision affeets onty that period, or in the period of the revision and fiJture periods tse the reSlan affe¢ts current and frjture periods. 11
FRIENDS OF CHICHESTER HOSPITALS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR EhlDED 30 SEPTEMBER 2022 Donations and lagaci•s Unrestricted Reslricted funds funds Totsl Unreslricled Restricted fvnds funds Totsl 2022 2022 2022 2021 2021 2021 Memorial donations Legaaes receivatle Membet5hip subscriptions and donations 2.232 330.814 491 5.500 2.723 336.314 7,225 71.456 275 7,500 71,456 14,744 775 15.519 18,676 3.100 21,776 347.7 6.766 354.556 97.357 3,375 100,732 Other tradlng aclivltles Unrestrlcled Unrestrlcted funds funds 2022 2021 Shop irKome Fundraising and events 117,818 445 89,786 1,019 Other tr8ding 8Ctivilies 118.263 90,805 Investments Unrestrlcted Unrnstrlcted funds funds 2022 2021 Interest receivable 957 178 12-
FRIENDS OF CHICHESTER HOSPITALS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022 Raising funds Unrestrleted Unrestricted funds funds 2022 2021 Fundraisin and ublia Other fundraising costs 67 Tradin costs Opening stock Purehases Closing stock Insurance Postage and stationery Telephone Sundries Service charges Credit card tharges Depreciation". TrcAleys Depreciation.. Freezers Depreciation.. Shop fittings 10,421 80,221 110,8641 1.232 10,734 60.825 110,4211 1.163 115 358 655 20 2,173 181 208 1,162 363 512 2,570 163 156 871 Other trading activities 85,731 67,173 85.818 67.227 13-
FRIENDS OF CHICHESTER HOSPITALS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022 Charltsble acllvttles 2022 2021 Depreciation of computers Printing, postage and stabonery Sundry Èbsile expenses Leg and ProfesOn fees 95 1,216 860 418 2,547 739 380 5.105 2,939 Grant knnding of activities {see note 81 Share of govemance costs (see note 9} 143,027 2,480 92,602 4,OIKS 150.612 99,541 Analysis by fund Un¥estricted funds Restricted funds 137,753 12.859 74,498 25.043 150,612 99,541 Grants payable 2022 2021 Granls lo inslituti¢xrf.' Medical equipment Fumrture and other equipment Patient and stsff beneffts 120,431 87,557 795 4.250 22,596 143,027 92,602 14-
FRIENDS OF CHICHESTER HOSPITALS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022 Support costs Support Govemance costs 2022 Support Governance costs costs 2021 Indyndenl examinerlALKJit fees Acuunlancy 1.430 1,050 1.430 1,050 3.000 1.000 3,000 1.000 2,480 2.480 4.000 4.000 Analyseé bets¥een Charitsble af*vilies 2,480 2.480 4.000 4.000 10 Trustees N¢)ne of the trustees lor any persons connected ryth them) received any remuneration during the year, and one of them was rMr$ed prinkn.ng and stab"onery expenses of£22412021- none). Employees The average monlhty number of emF4oyees during the year was.. 2022 Number 2021 Number Total There were no employees whose annual remuneration ds more than £60.000. 12 Taxatbn The charrty is exempt from tax on IT aThJ gains faling wthin section 505 ofthe Taxes Act 1988 or wlion 252 of the Taxationol Chargeable GainsAct 1992 10 extent thal these are apph'ed to ils chantsble obiects. 13 Transfers There was a Iransler in the comparalive year from restricted lo unrestricted funds lo correct the trealmenl of expenditure in the previous year that sh¢JJld have been in restricted but was all¢xated to unrestricted. 15-
FRIENDS OF CHICHESTER HOSPITALS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022 15 Stocks 2022 2021 Stocks 10,864 10.421 16 Debtors 2022 2021 Amounts falling due Ththln one year. Other debtors 335,297 110,373 17 Credltors: amounts falllng due within one year 2022 2021 Other tsxalion Trade creditS Accruals and deferred inecrfne 314 78,818 2.400 42,577 7.300 81,532 49,877 17-
FRIENDS OF CHICHESTER HOSPITALS NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022 19 Deslgnated funds The income funds of the charrty indude the follwng deygn8ted funds vthith have been set a&de out of unrestricted fvnds by the truslees fof specffic purposes". Plovement In fvnds IAovement in frjnds In¢ning restsurtes 30 September 2022 Balanc8 ai r850urc8s1 Octobor 2021 1 ¢)GtobBr 2020 MRI Appeal 725.932 725,932 725,932 725.932 725,932 725,932 MRI Appeal - A designated fund to supp(xt St Rithar¢J's HosiNtal's potential redevelcpmerrt of the Magnetic Resonance Imaging departmenl. 20 Anatysls of net sets bet4¥een funds Unrestricted Restricted funds funds 2022 2022 Total Unrestrlcted Restrlcted funds funds 2021 2021 Totsl 2022 2021 Fund balances at 30 September 2022 are represented by.. Tangible assets Current asselsllliabilitiesl 10,176 1,455,995 10,176 l.sc.609 11,430 1.211,302 11,430 1.268,009 50.614 56.707 1.486,171 50,614 1.516,785 1,222,732 56.707 1,279.439 21 Related party transactions Trnnsacllons wlth related partles During the year the charity tered into the fC41ovng transaclb)ns with related partbes.. The trustee J 8rotherton is a LLP Deggnated Member of nr1p5 LLP. During year the charity purchased £1.500 of legal fees from nn0p$ LLP. 19-