Charfty Tegistrntlon number 225858 FRIENDS OF CHICHESTER HOSPITALS ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023
FRIENDS OF CHICHESTER HOSPITALS LEGAL AND ADMINISTRATIVE INFORMATION Trustèes Klts J Ramage Mrs J Hepworth Mr J RNden Mrs A Hobson Mrs P Robertson Mrs K Smee klr R Stepherbs MrA M KeeliThJ Mr J E M Brotherton MrJ C TumeT M8 L G Ftaser MsMPReed Mr M Barge Ms S M Medknv (Appointed 24 Aprfl 20231 (Appointed 11 March 20241 Chorlty number Princlpal addross Frpnds Offi1 St Rtharrfs Hospital Spitalfields Lane Wesl Sussex Chichester P019 6SE Independent examiner Claire Norwood Bstt FCAATII Carpenter Box Piper House 4 Dukes Court Bognor Road Chichester sl Sussex P019 8FX
FRIENDS OF CHICHESTER HOSPITALS CONTENTS Page Trustees, roport Indèpèndent exaMIS report Stalernent offjn8n&al actNItss Balan sheet Notes to the fanal ststemenls 8-17
FRIENDS OF CHICHESTER HOSPITALS TRUSTEES, REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2023 The Irusl88$ present Iheir annual report and financ4al statements for tho year ended 30 September 2023. Th8 financial stslernents have been Pfep8red in aordan wilh the aOunting pollGies get out In note 1 to the financial statements and compty with Ihe tharitys g(&veM1 dorjjment, the ChaTrthp.s Act 2011 And Acethnting and Reporting by Ch8ri1iÈs-. Staternent of Recommended practi applicab to charities preparing their accounts in accordance with the FinanTral RoPQrting Standard applic9b in the UK and Republic Of Ireland IFRS 1021 (effective 1 January 2019).. The Friends of Chii*estor Ho$wtsls is a Registered Charity fomied in 1918. Obioctlves and activities The charity's objectives are lo encourage the interest and support of the kx21 community in Chichesterfs Nation81 Health Service H05pilals, then Ihre¢- The Royal West Sussex, St Rira)ard's and Graylingwell. The Royal Wesl Sussex and St Rithard's were progressNely merged in the 1980's and today. St Rl¢hards P105pilal at Chichester serves as the General and A¢cident and Emergency Hospital for the Wostern area of Wesl Sussex with 8 rasident population of over 210.000 peopk. The main core of Sl Richard's moved into a new hospital in Decembei 19%. The Accidenl and Emergen dep3rtmenl was extensivety enlarged and modemised in 1999 ond 2000. Giaylingwell Hospital (now known as The Chithester Cenlre) is mainty located on its original sitè in Chichèster and serves the same population vAth the prowsion of MentAI Heatth and Community Services. Grdylingwell has rentlY moved into modern acumrnodation: and some older tsryts'b'es skjch as Harold dd Unit ceased to provide car8 autumn 2021, but Connolly House is sbl prowding care and is one Ljf Ihe okler units. The Friends exi51 to provide fjjnds to SUppent or enhance the resour of both hosFytsl$ for the benefit of patients and siaff. This is aohieved by operating ¥ profitable. effifyent Hcsspital Shop and WaTd Trolley Servsce whi provides good "Wdlue fof money. confectionery, toiletn"e5. newspapers and magazines, groceries and snacks. Additional funds are raised from leg8ryÈs, In Memoriam donations and through lèles, film shows. dan$. llag days, rafflès and by a group of members who pay for life membership of £50 or an Annual Subsuiplion of £10. The truslegs have paid due regard lo guidance issued by th8 Charity Commission in deIng what actimtiès the tharity Should undertake.
FRIENDS OF CHICHESTER HOSPITALS TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Significant &clivlile5 The Unique S811ing Point of the Friends of Chichester Hospitals is Ihal Ihey are fijlty voluntarity led and run Charity which k88ps thè overhe8d running costs Its a minimum. This yea¢s ac(x)unts verify Ihis, and r( is greatty appreryaled by those who donate to us as they know thal their gift 15 being LLsed Se, Since the amalgam8tK)n of several hosa&. the University Hospitals Sussex Foundation trust is now fully operadDnal and has over 20,000 em 0yees. After several ye8r5 of major changes in personnel and management, the structure within the hospital is now stsble and there is a senbor director and a director of nursing Sp8fical for St Ri(ard's. The Friends liaise dosety with them which enabks them lo enhance the services they provtde to support patignls and staff. There are 15 truslees and we have met regula¢ty throughoui the year. the trustses are ably assisted by kn-part lime assistants who run our Offi al St Richard's hospital. During thé year various fundraising events were heid induding Ihe 8nnual Chrkslmas CA)lltiOn organi$e4 by Rotary dubs of Chichester around the in Ghichesler. We wsrted several Mllage fetes for colledion putPQses bul also to improve the profilè and visibiltty of the Friends. Various raffles have been held. As is our traditn, we gave a small prsenl bag to each palient unfortunate enouyh to be Stsn9 in hospital over th¢ Christmas period. The Friends Shop, which is located on Ihe ground Iloor in the outpatients at the hosp4lal 1$ grwrwJ month by month. The ward trolley round is also re-estsblished and again i8 proving extremety popular amongst patients and staff. In addttrion lo selling its goods lo the wards, the Irdley raises the PTofde of the friends around the hospi181. The shop held regular fre¢ raffles for stsff, to thank them for their hard work and diligence and these were greatly apprerAated. There is aVayS a very colourful display in thÈ shop vAndow. Unlike most Friend5 shops OU fu1ty run by vduntÈeTS. It is managed by a le8m ol thr88, Nvo of vthom are trustees. There are also over 50 volunteers gmng th8ir time wlingty. Our Volunteers are the Friends Greate51 assel, and wiihtyJt them we would not be in such a strg position or Indeed operating at all. We recekvod many (lonaliDns in memoriam diredty and through funeral directors. Donation also IhroLTrgh the Just Giving webs(te and the Charities Aid Foundation. and many of th&8e are gtft aicled. However. by far the greatsst source of our income was from g#e$ and our gratefvl thank goes out lo all those who remembered us. During the year one new trustee was 8ppointÈd strengthening the exisb'ng trustee team. Two trustees lèft us during the year. W¢ musl lake this opportunity to thank all that have helped th8 friends of Chi¢hester hospitals during tha year by gimng so generousty that time tts gupport this very worthwhile cause. A¢hlgvement3 and perfommncè In thè year to 30 September 2023 the FrndS shcwed a defi(yt for the year of £102,603. This compares with a surplus for lh& prewous year 01 £237,346. This year the total incoming resources, after the costs of generathng the lunds, decreased slightly ID £151,601 compared lo £387.958 last yèar. As wtLh most L*arilies there are thays ups and downs in the sources of our ino)me. The decrease in incoming resources is mainty due lo a %gnthrsnt deuè8se in our leg8r¥ incomè despi(è 8n improvetnent in Ihe Shop's trading resums. The Friends agreed to fulld comrnitments this year of P240.714 compared with last yÈarfs commitments of £143,027. The Friends continue to make hospttal wards aware of the support available to them and have approved the majority of requests n)ade by the wards in the year to 30 September 2023.
FRIENDS OF CHICHESTER HOSPITALS TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Fundraising a¢llvltie8 The shop continues to generate ptofts for the Friends. This year the am(yJnt of profil genef8led by thè Shop increased lo £44,020 lup frorn £32.087 last yearl. The $It for the year is 8 testament lo the efforts made by Ihe Shop vrAunleers to find new and improved ways to provide 8 Twhud) needed seM¢e lo the staff and palienis of the hospital. As ever, the shop volunteers have worked very hard tD make sutB that both Ihe shop and trolley continued lo prowde a highly valued se]Ce to both the patienls and staff of Sl RardS Hospital. Wlhoul this effort by the volunteers th8 Friends WOLJkl not be ab lo ntinUe offering this semce,. SD. yet ain we owe a big v¢te of thanks to am those who helped during the year. Flnanclal r•vlew R•saTh policy The trustees 8im to meet the requests for support reNed from the Hospitals wherever possible. In years when the suitable requests reiVed frorn the hospitaLs is bwer thari the income T1ve{l by the Friend5 the surplus arising is Carried forward lo fund requests in future year5. A significant part of the Friends. in(x)me is derived from legacies. whith (%n vary from year to year. In order tt) 8n$ure th81 the Friends are able lo support the Hospitals in a year in whKth the legacy incorne is low a d8Sl9naled resèrve had been estsblished. In prior years this designated reserve rwxived 10% of the legaaes received in the year., in 2017 8 decision was made not lo inuease Ihe amount hebj in this designated reserve and this decision continued in the yÈar to 30 September 2023. Tot roserve$ at the B8lanGe Sheei d81È are £1.414,182 {2022= £1,516,785} ofwhich £1.364,310 P022.' £1,466,171) are unTestri(#ed and £49.87212022.' £50.6141 reslricted. Duting the year a declslon was takèn by the 1fttees lo transfer the MRI Appeal designated funds baeA lo general fvn¢J5 as the htsspitsl has indicated that envisaged project will not prrtted a way Ihat the charity can supFxJrt. Ri8k managem*nt The tnjstees have considered wh6ther there are any major risks 1hat may adversety affect the cantinued operalion of the Charity. As the Charity has no emplpyees or ygnrf1tn[ ongoing commrtments and onty agrees to nd reque51s from the hosprtals when funds are available the Trustees consider there are no major Tisk5 Ih3t need to be addressed. Plans forre periods Future plans 2024 sees the 75th annweisary of The Friends and s¥81 events wll be planned throughout the year to mark this prestigious occasitsn. After a relatNely quiet time for bids from the hospita15 during the Cowd period, we r2n nf1rn demand for OUT help is rising with an increasing number of S for m8di(al and other equipment beivg submitled. We Gonlinuts OUT good relationship with the Friends of the other hospila15 in the twst, Brighton, Ktrthing, Haywards Heath, and Southlands. 11 must be noted that all Friends opetate fully indepernlendy. Our continued existence and Ihè alMlity to meet the demands upon us depends on fund raising projects. legaS and memorial donations as well as the supp(brt of numeTOUS volunteers who operate the fitends shop in Saint Riethar(fs h05fMtal or help to run evenls. ale most grateful lo these public4piriled indivlduals and organisalions who continuè to prode the support Valuab communty charity deseNès. The futu plans 8r8 to continue with the p)d work Ihat the thartty unllertakes in prowding valuable semces to Patients and visitCTrrs as well as fvnding Med1 equiFwnenl. stru¢ture¥ governanee and management The charity is contrled by ts govefning dornent, a deed of trust, and )nsti1uS an unincoTporated tharity.
FRIENDS OF CHICHESTER HOSPITALS TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Th6 trust8es who Seed during Ihe year and up to Ihe date of signalure of the ffinancaal slalements were- Mrs J Ramage Mrs J Hepworth r J Rowd8n Mrs A Hobson Mrs P Robertson Mrs K Smee Mr8 J Slirland Mrs L Dean TaOr Mr R Slephens MrA M Keeling Mr J E M Brotherton Mr J C Tumer Ms L G Fraser MsMPReed Mrm Barge Ms S M Medlow (Regned 24 October 2022) (Resigned 18 September 2023> (ApFxsinteil 24 April 2023) (Appointed 11 MarL 20241 The current trustees all have experience and knowledge of the I(1 area atMI charity sector. They have not undèrt3ken any speThfic induction or training tsecause their prewou5 invi)Ivement with d)atiii8s and their general business experience was believed to be suffiaent to ensu a fun understanding of their dutiès and rasnsibIlItieS both generally and specifKalty as they Appty to charities. They a made aware of any changes in charity law which may sffect thèir responsibiliiies. The Friends is managed and run enttrety by volunteers. The registered office 1$ at Sl Rithard's Hospital, spItsld Lane, Lhicknester, P019 6SE where most of of th8 admin1str3tfft work is rarried out. A committee 15 elected al Ihe Annu£l General Meeting and they ad as Ttustees of the RegistÈrÈd Charity. The Commtttee cnnsists irf a President, four Officers IChaTtn8n, Vice Chaimian. Hon. SecTetary and Hon. TTeasureil and up lo fifteen Committee members. The cotnmittee meets not less than eighl limes annually to receive requests from the staff of both hospitals for finanaal support for the purchase or enhanr£ment of medieAI equipment. and the prowsion of palient and staff amenities, suth as wrrrfortable seabng in wailing areas and Chtislrnas gtfts. In order to ensure Ihal requests are pwrilised so that the limrfted fijnds are deployed wisew and effectivety, the managewnent of each Hospital initial vets each request. However, sla11 bids of up lo £5,0(X) can be submitted directty lo the "offi(Yrs" by Hospital wards or departments. The Friends maintain d05e and friendty ielatK)ns wilh the management, staff and patienlg of both Hospktals $0 that a syrnpalhelK response can be made lo all requests for supp( Fulure trustees will be given induction and training as apprDpriate to a(4uainl them wrth the charty and its method of operatlon. On appoinlrnenl new trustees be briefed on their gaI obli9ations under charity law, Ihe content of the goveming docJJmenL Ihe commillee and deusion maknng processes aThJ the recent finaNial pèrfomianc8 of th8 etharity. The trustees, reportwas app ved by Ihe Board of Tnjstees. Mr R Stephens Tru¥tee y&y LOL
FRIENDS OF CHICHESTER HOSPITALS INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FRIENDS OF CHICHESTER HOSPITALS I report to the trustees on my examinatlon of thè financ4al ststements of Friends of Chschester HospitAls (the charity) for the year ended 30 septernb 2023. Rg¥ponsSbllltl?¥ and basis of rèp(wt As the trustees of the thanly you are responsib for the preparation ol tho financial statements in ac£ordance wrth the requirements of the ChariUe$ Act 2011 Ilhe 2011 Aell. I report in respect of my examinaticffi of the eJ)aritls finan¢ial stalewnents unied out under sedion 145 of the 2011 Act. In carrying Jt Tny examination I have followed all Ihe appliL2ble Directions given by th8 Charity Cornmission under sedion 145151(b) of the 2011 Act. Independent •xaminef¥ $lAtenxnt Since the charitS gross income exeded £250,DOO your examiner must be a member of a b(xly liglÈd in Section 145 of the 2011 Ad. I confimi that l am qualified lo undertake the examination because l am a membèr of the Institute of Chartered Accountants in EnglarKI and Wales. whith 1$ one of Ihe listed bodies. Your attention is drawn to the faca thAt the tharity has ppared financial statements in 8wdance with Accounting and R8POrting by Charities preparing their aOunts in 4rd8n with the FinanTh81 Repgrthn9 Standard applicable in the UK and Republic of Ireland {FRS 102) in preferen lo the Accounting and Reporting by Chaiibes.. Slalemenl of Recommended Pr8ctice issued on l April 2005 which is referd to in the ex1anl regulab"Dns bul has now been withdrawn. l und8rstsnd that Ihis has been dDne in order for fin8nual #atements lo prode 8 tru8 8nd fair wew in accordan( with Generalty Accepted Accounting Pra(li(£ effeclive for reFM)rting periods beginning on or after 1 January 2015. I have completèd my examination. I Confi that no mattets have come lo my in ujnnection with the examlnation giving me cause to believe that n any material respect.. accounting records were nol kept in respeL of the tharity as required by seth. 130 of the 2011 Act,. or the fin8nci31 stalemenl$ do not accord wrth Ihose records,. or the finanaal stslèments do r)ot MplY with the apIca1Ae requirements conceming the foTm and cx)nlenl ol accounts set out in the Charities IAccounts and Reports) ReguLqttons 2008 other than any requirement that the acwunts give a true and fair viewwhich is Mt a matter o)Vbsidered as part of an independent examination. I have no concems and have comè 8cross no othw matters in connection wrth the ex8min81ion lo which attenllon should be drawn in this report in order lo enable a Proper Undeanding ol the financial slalements to be leached. Clalre Norwood Bsc FCA ATII Carpnt8r Box Piper House 4 Dukes Court BogTh)r Road Chichester We51 Sussex P019 8FX
FRIENDS OF CHICHESTER HOSPITALS STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2023 un$cted Restricted funds funds 2023 2023 Total Unrestrictsd RèJlylcltd fund fund6 2022 2022 Total 2023 2022 ncome from: Donations and legaaes Other trading actiwties Invèstments 93,150 160,729 10,347 93.150 160.729 10.347 347.790 118,263 957 6.766 354,556 118,263 957 TotAI In¢omè 284,226 284,228 467.010 6,766 473,778 Expend[re on: Rai8ing funds Charitsble 8CtiMlies 112,625 253,462 112.625 254,204 85,818 137.753 742 12,859 150.612 Total èxpendilure 366,087 742 386,829 223,571 12,859 238,430 Nèt In¢omel{expenditurel and mtsvèment in funds (101,B61) (742} 1102.603) 243,439 16,093} 237.346 Rècon¢lllaUon of funds: Fund balances al 1 October 2022 1,486,171 50,614 1,516,785 1.222.732 56,707 1.279,439 Fund balances at 30 September 2023 1.364.310 49.872 1.414.182 1,466.171 SO.S14 1,516,785 The stalem8nt of financiBI ad111*$ indijdes all gains and k)sses reL¥Jgnk8ed in the year. All irKome and èxpenditure derivè from continuing actt'wlies.
FRIENDS OF CHICHESTER HOSPITALS BALANCE SHEET AS AT30 SEPTEMBER 2023 2023 2022 Flxad assets Tangible assets 13 9,216 10.176 Current a$s•ts Slod(s Debtors Cash al bank and in harml 14 15 11.219 305.939 1.313.709 10.864 335,297 1,241.980 1.630,867 1,588.141 Crndltors: amounts falling dug withln one year 16 225.901 81.532 Net crrent a&881s 1,404,96fj 1.506,8Q9 Totsl aets I&s8 current liablllties 1,414,182 1,516,785 Th¢ funds of the charity Restficled 1me funds Unrestricted funds 17 49,872 1.364,310 50,614 1,466,171 1.414,182 1,516.785 The finan /f l&Zf al sialemenls were approved by the trustees on......................... r'J Rowden Trustee Mr R Stephens Trustbe
FRIENDS OF CHICHESTER HOSPITALS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 Accounting policieg Charlty infonnation Friends of Chi(thesler Hospitals is a tharity regISted in England govemed by its trust deed dated 1955 0$ amended on 1 June 2016. Its princApal address is Friends Office, St Rith8rd's Hospilal, Spita1fi81ds Lan6. Chichester, West SèX. 1.1 Accountlng convention The finanu81 statements have been prepared in aixy)rdanLZ vAih tharity's goveming documenL the Charities Acl 2011 and "Aca)unting and Reporting by Charilies.. Slalemenl of Recommended Practice applicaN8 to ttharilies preparing their accounts in accordan with the Financxal Reportlng Standard applieANè in the UK and Republic of IreLand IFRS 102) leffective 1 January 2019}" The charity 1$ a Puble Benefit Enlty as defined by FRS 102. The charfty has taken xdv3ntsge ol promsions in the SORP fortharibes apptying FRS 102 UpJat8 Bullètin 1 not lo prepare a Statement of Cash Flows. The financAal statements have dÈparted from the Chaiities (Accounts 8nd Reports) RulAtionS 2008 onty to the exlenl required lo prowde a Inje and fair wew. This departure has involved following the Stslemenl of Recornmended Practice for tharitiÈs applwng FRS 102 rather than thè version of the Statement of Recommended Practice whith is referted lo in the Regulations tyjl which h3s sIre been wilhdr8wn. The fillanci statements are preparèd in sterling, whth is the functional (xJrr8nry of the charty. Monetary amounts in these finan¢ial statements are rounded to the ne8$t £. The financi81 statements have been prepared uThJer the historical cost ¢y)nvention. The PTinupal accountkng poli&S 8dopted are set out below. 1.2 Going eoncem At the time of apprc>ving the finanual statements. the tNstees have a reasonable expectation that the eh¥rity has adequate resour5 to continue in operalional existence for the foreseeable future. Thus the trustees onlinue lo adopt the going concem basis of aexx>unliny in preparing the financial StatnentS. 1.3 Charitable funds Unrestricteé funds are av3iL3No for use al the discyetion of the trustees In further3nca of Ih?ir tharilabl¢ objectives. Designated funds cornpwise lunds whK* have been set aside at the discretion of the Iruslees lor spedfic purposes. The purposes and uses of the designaled funds are set out in the notes to the financial Statements. Restricted funds are subject to specific cormlth'ons by th)rK>rs or grantors as lo how they may be used. Th8 purposes and uses of the iEstrieled fvnds set out in the notès to the financial statèments. 1A Incorng Income 1$ rwnis&Y vh)en the tharity is legalty enlilled to rt after any perfoTmarKe conditions h8ve been mel, the amounts can measured rdiabty. and It is probable thal Incm& be recANed. Cash donations are regnised on r1P1. Other donathons are reCognd onrx the tharty has been notified of the donation, unless perfomiance conditions require deferr of Ihe amount. Income tsx recoverable in relation lo donatr.ons receNed tEnder Gift Aid or deeds of rA)venanl is recognksed al the time of the donali(bn. LÈgacie$ are recognised on receipt or OthplSe rf the chanty has been nOtifd of an impending distrfbulion. the 8mounl is known, and Clpt is expected. If the amount is not thown. the legacy is treated as a conlingenl asset
FRIENDS OF CHICHESTER HOSPITALS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Accountlng policle• IContInu) 1.5 Expgndltuve Li8bilities are rety)gni8ed as expenditure as s as there is 8 W or constructive obfigation commiillng the ch81ity 19 that eXpenre, it is prob8ble Ihat a transfer of economio benefits wll be required in settlement and the amount of the OlgatiOn can bè mèasured reliabty. Expenditure is accoLJnlEd for on an 8¢cwals basis and has been dassified under headir¥Js that aggregate all cost related to the category. Where costs cannot be directly attributed tr> particular headings they have bg¢n alkjcated to acb'vtties on a basis consistent wrth the use rjf resources. Lapsed dS - If an approved bid 18 not cometed within 12 months of it beiNJ approvgd by tho Committee, Ihe bid is deemed to lapse. The Commitlee will. hcpxever. reconsKler positK)n rf a bKJ is iepfesenled by the hospitals. 1.6 Tangible fixed assets Tangible fixed assets a inilialty measured at C051 and subsequently measured at cost or valuation, nst of deprea81ion and any impairmert Ir>sses. Depreciallon is rnised so as to write off the cost or Wdluation of a55ets less their residual values over their Uselul lives on the followng bases-. FraerS Shop ffttings Computers Trolleys Sculpture 25% rEduLang balare 25% on reducAng balance and loo on c4)$1 33°k on reducing baiane 10'1fy on reilu(ing balanc None The gain or Ioss arising on the di8PDsal of an a55et is determined as the drfference befvleen the sale prv¢eed8 and the Carn0 value of Ihe asset, 8nd is reu)gnis&l in the slalemenl of finan¢Aal a(INities. 1.7 ImpalTment of flxed assets Al eaej) reporting end d31e. the charity reviews the amounts of its tangible assets to detem)ine whether thère is any Indi¢.0 th those assets have suflered an impaimlent loss. If any suej) indiealion exists, the rverable amounl of the assèt is estimated in Order to determine Ihe extent of the impaimient lo&s Irf any). 1.8 Stocks Stocks are walued al the loweT of ¢xst 8nd nel realisable value, after making due allc)wanL% for obsolete and slow moving items. Net realisable value is the estimated selling PllL less 81 ests"maled costs of f))mpletion and ¢osls lo be incur in marketing, selliThJ and distribuiKsn. 1.9 Cash and cash equlvalents Cash and c8sh equivalents indude cash in hand, deposits held al call vthh banks, other short-lerrn liquid invesimenls wlh ongIn maturitbes of three months or less. 8nd bank overdrafts. Bank overdrafts are sht>wn within borrowings in ojrrenl 8bIles.
FRIENDS OF CHICHESTER HOSPITALS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Aeeounting policie5 {Contlnu8dl 1.10 Flnancial Instrument8 The charity has elected to aprAy the provisions of Sectiort 11 'Basic Fin8ncAal Instruments, and Section 12 'O¢her Finanial Instruments Issues, of FRS 102 to all of rtg financaal instruments. Financial instrurnenls are Tecognised in the (ariVs balanc8 sheet when ¢harty becomes party lo the contractual provIsn$ ol the instrument. Finan¢lal assets and liabilrties are offset. with Ihe net amounts presented in the financial statements, when there is a legally ernforab nghl lo sel off tre iec3)gnised amounts and there Is an intention to settle on a nel basis or to realise Ihe asset and setNe the lIalty simultanwjsty. B8sic financial assets Basic finanrAal assets, which indude debtofs and (ssh and bank balar$, are initially rneasuTed al transaction price including transactKJn cmts and are subsequèntty eanied at amrbsed cost using the effective Interest method unless the arrangement (xjnslitutes a finanoing transactKJn, where the transact(on is measured at the present value of the fiJbJre receipts dI5Unted at a rnarkel ralp of Inte81. Financial assets dassified 88 receivable ¥in one year are Th)t amortised. Baslc flnanekl Il#blJltle Basic financAal lialItIeS, indudiF)g credrtots and bank loans are initllY recognised 8t transaction prieA unl&ss the arrangement eonslitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted al a markèt rat& of int8r8sL Financaal liabilities classified as payable within one year are not amortised. Debt inslrumenls are subsequenty carried al amortised ufysl. Ung the effecaive interest rale meth¢xl. Trade creditors are obligations to pay for go(xJs or servw thal have ten wuired in Ihe ordinary COUTse of operations from SupplrS. ArrK>unls payable are dasstfied as Jr[ent liabilit$ if payment is due within one year or le&8. If not, they are presented as notFcurrent liabilities. Trade ueditOTS are T8gnised initialty 81 transaction prit* and subsequentty measured at amortised o)st using the effedwe interest method. Dereeognition olllhaftci31 liabilities Finanual liabilties are derecognised when the tharrtls tntraVal oblKJalions expire or are discharged or cancelled. Critical accountlng èstlmat¢s and ludgements In the applicaliorTr of the charity's ae£nunting wlieies, thè Irust8ÈS Arè rÈquir@d to m8k8 judg8ments, eslimales and assumptions aboul the carryng amount of assets and Ivabilities that are not readily apparent from oth sources, The eslimale5 and assooated assumptions are based on hIstIcal experiencE and other fact5 that are considered to be relevant. Actual resuhs may drffer from these eslimat&s. The estimales and undedying asSUmpnS are revTewed on an ong(Nng basis. Remsions to 8c(y)unling 8slimales are recogni5ed in the period in whith the estimate is remsed where the reVlon affects only that penod. or in the period of the revision and Itthiie petlS where the remsion affects both current and future periods. 10-
FRIENDS OF CHICHESTER HOSPITALS NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Donatlons and legacles Unrestricted Unrestricted fvnds funds Restricted funds Totsl 2023 2022 2022 2022 Memorlal don8tKJns Leg8u$s receiv8bl8 MemlShIp subscriptions 8nd donallons 2,232 330,814 14.744 491 5.500 775 2,723 336,314 15,519 27,279 93.150 347,790 6.766 354,556 Inry>me from other tradlng actl¥lllÈs Unrestricted Unrestrlcted fund8 fund 2023 2022 Shop inoome Fundraising and events 156.374 4,355 117,818 445 Other trading actiMUe3 160,729 118,263 Income from Inveslments UTrrestrlet•d Unrestrlcted fvnd$ funds 2023 2022 Int8rest receivable 10,347 957 11
FRIENDS OF CHICHESTER HOSPITALS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Ralslng funds Unrestricted Unrestricted fund* nds 2023 2022 FLJn and ubli OlherfundTaising costs 271 B7 Tradin Opening stctk Purchases Closing stocJ( Insurance Postag8 aNI stationery T¢phe Sundries Credit card charges Depreciat'on.. Trolleys Depreciation.. Free2&rs DepreGlation.' Shop frtungs 10,864 105,946 (11.219) 1.338 107 467 247 3.687 147 117 10.421 80,221 110.8641 1.232 363 512 2,570 183 156 871 Other trading actniib'es 112,354 85,731 112.825 85,818 12-
FRIENDS OF CHICHESTER HOSPITALS NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Charitsbltr activiiie8 2023 2022 Doweciation of computers Printing, postage and stationery Sundry Website expenses Legal and professional f88s Computer and IT expenses 43 1,164 1.571 430 7,276 1,216 860 418 2,547 10.940 5,1Q5 GTanl funding of acdvities (see note 81 Share of govemat)ce costs {see note 91 240.714 2,0 143,Q27 2.480 254,204 150,612 Anatysis by fvnd Unr¢stricted funds R6stricted fijnds 253,462 742 137,753 12,859 254,204 150.612 Grants payablo 2023 2022 Grants to instrtulions.. Medical equipment Patieni and staff b?fits 226,246 14,468 120,431 22,598 240,714 143,027 13-
FRIENDS OF CHICHESTER HOSPITALS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Support ¢08ts Support Governance costs 2023 Support G¢)vèmaneè Costs costs 2022 Independant 8xamin&r fges Accountancy 1.470 1,470 1.080 1,430 1,050 1,430 1,050 2,550 2,480 2.480 Analysed betW8en Charitsble 8ctiwlies 2,480 10 Trustees None of the trustees (or any peisDns connected wtth Ihem) received any remuneration during Ihe year, and one of them was reimbursed printing and slali)nery exFenses of £25 (2022- £224). 11 Employees Thè average Month nLJmber of employee5 during Ihe year was: 2023 Number 3022 Number Total There were no employees whose annual remunerat*)n was more Ihan £60.tKx). 12 Taxatlon The charity is exempt from tsxation on its actsmbes becAusÈ 81 its in)Me is 8ppliÈd for c317table purposes. 14-
FRIENDS OF CHICHESTER HOSPITALS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 30 SEPTEAIBER 2023 13 T8ngible fixed assets Sculptu Al 1 O¢tob8r 2022 7.494 14,686 9.739 3.108 40,527 At 30 September 2023 7,494 14,686 9,739 3.108 5,500 40,527 Deprgclatk>n and Impairnjgnt At 1 Odob8r 2022 Depwation charged in the year 7,028 12,072 9.611 1.640 30,351 117 43 147 960 AI 30 Septernber 2D23 7,145 12.725 9,654 1,787 31.311 CaryinB amount AI 30 September 2D23 349 85 1,321 5,500 9.216 AI 30 September 2022 2,614 128 1,468 5,500 10.176 14 Stocks 2023 2022 Stocks 11,219 10,864 16 Debtors 2023 2022 Amounts falllng duè within on• ar. Other debtors 305.939 335,297 16 Creditorn: •mounts falling due withln year 2Q23 2022 Other taxation Trade Gredilors Accruals and deferr8d income 1.163 222.188 2.550 314 78,818 2,400 225,1 81,532 15-
FRIENDS OF CHICHESTER HOSPITALS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 17 R¢strktsd funds The restricted funds of the charty u)mprise the unexpended balance5 of donations and grants held on trust Subjed to speafic nditionS by donor5 as lo how Ihey may be uwj. At 1 October 2022 Incomlng resource R•source8 At30 exp¥nde41 September 2023 Ward Funds Diabetic and Eye Units Ft8tcher Unit 15.353 32,761 (742) 14,611 32,761 2,500 50,614 17421 49,872 Prevlou8 y¢ar. At 1 October Incomlng 2021 resourcoB Resource8 At30 0Xnded Soptsmb8r 2022 Ward Funds Diabetic and Eye Untts Fletther Unil 16.228 40.479 3,766 14,641) 18.218) 15,353 32.761 2.500 2,500 58,7D7 6.766 112,8591 50,614 Ward Funds - A restricted lund for donakn"on8 made to the Friends for sperific wards wthin the Chichester hospitsls. DI3'C and Eyè Units- A restr¥*eil fund for the purchase of equipment for the Diabel8s Centre and the Eye DépartmÈnt. Fletcher Unit-A restrirted fund lor th8 tEnefft of the FleteJ)er Unil for p3ti8nt comforts. lfj unStrICted funds Thè unrestricted lunds ofthe tharity comprise the unexpended balances of dOnaOn$ and grants whicth are not subject lo specific conditions by donors and grantors as to how they may be used. These indude designaled funds whith h8ve been set aside out of unrestsided fvnds by thè trustees for speafic purposes. At 1 October 2022 Incoming Resoure resource5 expendèd Transfgys At30 S•ptombor 2023 RIApwal General fttnds 725,932 740.219 1725.9321 725,932 264.226 1366,08n 1.364,310 1,466.171 264,226 {368,t18n 1,364,310 16-
FRIENDS OF CHICHESTER HOSPITALS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 18 UnrB¥trl¢ted funds Icontinued) Previous year: At 1 October 2021 Incoming sourcas Resources expended Transf•Y8 At30 Septembor 2022 MRI Appeal General funds 725 932 496,8C(I 725,932 740,239 467.010 {223,571) 1,222.732 467,010 P23,5711 1,466,171 MRI Appeal - A desigrtaled fvnd to support St RLd)ards Hosptsfs polential eVelOpment of the Magnetic Re$on8r Imaging department This is no longer a h¢)sprtal project so the money has been transferred lo general fvjnds. 19 Analysis of net aets between funds UnrEstrirtsd Restslcted funds funds 2023 2023 Total 2023 Fund balan¢es at 30 Sèptsmbw 2023 are Tepresented by. Tangible assels Current assetsl{liabilthe5) 9,216 1.355,094 9,216 1,404,966 49,872 1.364,310 49.872 1,414,182 UnTE5tiicted funds 2022 Restricted funds 2022 Total 2022 Fund balances at 30 September 2022 aré reprèstntsd by: Tangible assets CuTrenl assets]Iliabilitiesl 10,176 1.455,995 10,176 1,506,609 50,614 1,486,171 50,614 1.516,785 20 Rel•l8d party transactions Trdnsactlons wlth relatéd parti•$ During the year the ¢harity entered into the flDng transaclFons wth rdaled parties.. The trustee J Biotherton 15 a LLP 0¢gnated Member irf nn0pS LLP. During Ihe year the tharity purthased £6,420 {2022- £1.5001 of legal fees from Wannops LLP. 17_