FRIENDS OF CHICHesTeR HOSPITALS ANNUAL REP AIID UMAufMTED FINAIICIAL STATEIENTS FOR THE YEAR ENCEO 30 SEPTEMBER 2024
FRIENDS OF CHICHESTER HOSPITALS LEGAL AND ADMINISTRATIVE INFORMATION Mrs J Ram&Je Mr J R(Mfden MrsA Hobson Mrs P Robertsc Mrs K Smee Ilr R sleen$ MrJ E 11 &cthérte MrJ C Tumer Ms L G Fraser MsMPReed Mr M BanJe Ms N Chapp Ms M Gormiey Ms L Squi$ {Apwnted 20 January 20251 IApwnted 20 January 20251 (Apwnted 2 December 2024} CrIty number Prlnelpal •ddr Friends Office St Rthard's Hospt Spilablelds La lest Sussex ChiL*e5ter P019 6SE Independ8nt examlrnr Claire Nowod &Sc FCAATII Cafp8nter Box Piper Hwse 4 Dukes Cowt BnOr Road Chrhester P019 8FX
FRIENDS OF CHICHESTER HOSPITALS CONTENTS P•g• Tftjstees. rert Indewdént mIne<S port ststernent ol finanoal adiwt Balanc£ st Stakment ofrash fy)w5 Notes ID Ihe ancIal st2ments 9-19
FRIENDS OF CHICHESTER HOSPITALS TRUSTEES. REPORT FOR THE YEAR ENDED 30 SEPTEAIBER 2024 The Irustees pent their annual report and ffinanC statements for the year ended 30 September 2024. The financial statements have been prepared in ardanC£ a(thunTh"ng pc&cies set OLrt in note I to the financial staternents and coryty with the charws goveming dooJrrnl. Ihe Charit Act 2011 and"AUmilg arbd Reporting by Charrties.. Stslement of RecL)mmended practi aple to ctharities preparirMJ Iheir acuJunt5 in acCOrdar wAh the FinarKial Rewrts"ng StarKlard applTrbLe in the UK and Repvblic ol Ireland IFRS 1021 leffeetNe 1 January 20191". The Friends ofClx"cestef PW)itS 1$ a Rwstgrsd Chity fonned in 1948. Obiectivm and activit Thè charitys Oblte$ are to encournge the mtoresi and support ol the kcal communty in Chtheste¢s National Health SeTrTce Hosprtals, Ihen three- The Roya $1 Sussex. St Rtharrts and Grayh"ngwell. The Royal West Sussèx and Sl Rthard's were progresspAy merged the 198(f8 and todty, St Rthrd's Hosprtal at Chicheslèr serves as Ihe Gereral and Accident and Emergency Hospital for Ihe Western area of st Sussex wilh ¥ iesNJent popula1 ol over 210.cth people. The man eore ol St Rkartts moved into a new hosmal in December I. The Accident and Emergenry deptM extens?Y enlarged and modemi5ed in 1999 and Graylin1 PloStal 8$ The ChKhesler C8ntre) is mairty bjoatad on ts orlglna srte in Chichester and Serves the samtr populalion wth the promsion of Mental Health and Communty SeNces. Graylirwwell has recentty moved into modem a¢cornmodal'on. and some djef facilities suc as HariJ lfjdd Urrit ctased to prowde care in athUn 2021. but cOnnty Hse is still prowth.xwj we is one ofthe okler rts. The Friends exist lo wowde funds lo supplement enhae Ihe soUrCeS of t)Ih hospitaLs for the benefit of patients and slaff. This is achieved by operating a profitable. efficient HosrAtal Shop and Ward Troley Semce which provides good knhje for Dne o)nfecbonery. 1thInes. rthspapers and magazines. groceries and snacks. Additional funds aTr raised frL¥n lewies, In Memoriam donations aNI throLb3h fètes, film shtrws, dare$. llag days. raffles and by a Group ol members w) pay for lrfe Nwnbership of£50 or an Annual Subsuption of £10. The trusiees have pak# d1 regard fo gUK1Cl issued ty Charrty Ccrfnri in decJirg whal the chanty shoLld undertake.
FRIENDS OF CHICHESTER HOSPITALS TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Slgnifieant •etiVTt The uftUe s8lh.ng ofth8 FiieTrJs of Cchesr Hoswis is thal I are a funy ¥[arlY led and Charity which keeps Ihe overtRad running to a mininNJm. This yea¢6 aCnts NErify this. and it is greaty app[31¥d those who don lo us as th8y know Ihal Iheir grfl is b&"ng used ww. sin the amal9ation of several hospitafs. Ihe Unrversty HOsptta Sussex Fndati Trust is nrm lulty operational and has over 20,rMy) empkjyees. The Frd$ th'aise ch)sety th"recfiYs in charge of St RichaTd'8 which enablès them to enhanr serrites they prov& to support Pnts and slaff. Thero ar8 15 Injstees and we have rnet troughout the year. The trustees are a5SiSted by byPart me assistsnts who run our al Si Rards HosMal. DLIri the year various fundraising events were hekj including the annual Chiislmas cow1 organised by Rotsry Cltsbs ol ChKhesier around the CTOSS in Chithester. vi5rted sebwal 7Alage fetes for Colle.on purpwes bjt afso to raise the wofde and Vis1lty of Fti8Thts. Sewal raffles have been ld. As is our tradition, we gave a small present bag lo trach patient unfortunate enough to be slawng th) Ihjswta over the Christmas period. A fantas black lie Casino Royale Oling rased in excess of £11.C() and a Jazz Lunch in August raised a fvrther £2,tsW. The Friends shop. whith is located cx) the gound lknr in the wtnis at the hosprtal is growing month by month. The ward trolley round is piowng extremety popular amcwsi pabent5 and slaff. In wmth.on to sdknng its goods to the wafds. the trolley raises the wofile of the Fnends around Ihe hospi1. The shcy hdd reguLar free draw5 lor staff. to Ihank than for their hard worf< antj dilvJerte awMI these are grealty apPraaled. There is aknay5 3 very Lx>knurful display in Ihe sl)op wiThlow. Unh"ke most Frnds slK¥)s ours 15 ftjlty rnn by vohjnteers. It is managed by a tearn of Ihfee. two ofwhom ale tnjstees. There are akn over fify volunteers grmo their time wlin91y. Our lUnteerS are the Friends, greatest asset. and wlhout them we wouhJ not bÈ in gJth a stnjng posrfion or Indèed owaling al all. recaved many donairfjns in rnemtybam drecity aThJ Ihrough funeral directrx5. Donations are also possible through Jr tyvn website, Ihe Ju4 Gmng webse aThJ the Chaiiltes Aid Foundal?n. and mary of these are gift aided. Hever. by far the greatest S¢xrce of our inu)me was from 'eS and 0r grateful Ihanks goes CJt to all those Iwho remember us. Dunng the year we had trust•e resMJnation and tsne appoinknent strewhening Ih? esting Injstee team. 8t tske this aPFVtunty to Ihank al those who ha hetped Ihe Frier¢ds of Chichester Hosprtals during Ihe year ty wing so genwously thetsme and donation$ to suPrt We1hI1e cause. Achlev•ments and perfornwnce In the year to 30 Sept8mber 2024 the Friends shthd a sUS year of £221.534. This comwes with a deficit for the premous year of £102,61L3. This year thè tota incoming rerceS. after the c¥)sts of geneTathng the funds. reaSed to £409,444 compaTrd to £151,1 Last year. As th ML* ctharitses thère a aayS ups and downs the SOUrS of ¢wr income. Th$ inuease in irming resources is rnawty due to an inueas8 tn tsuf legaty Irf and an improvemert the Shop's trading resdts. The FiieTrJs agreed to fvnd cc4nmitrnents thrs year of £177,589 eA)rrwred kst yearfs commilments of £240.714. The Friends continue to make the hospital wards •¥are of the surwrt available Io Ihem arhd hav¢ approvtd the majorty of request5 made by Ihe wards in the year to 30 September 2024
FRIENDS OF CHICHESTER HOSPITALS TRUSTEES. REPORT (CONTINUED) FOR ThIE YEAR ENDED 30 SEPTEAIBER 2024 Fundraislng a¢llvFti 7he shop (x)rtinues 10 9erierale profts for Ihe FTieTrJs. Ths year the amowrt of wofft generaled by ihe $p irueased fo £45.8921up frcfft £44.020 last yearl. The re5uM for Ihe year is a wstament to thè efforts made by Ihe Shop vc4unleers. lthile tumovw increased by £36.198 the (J)sts inbYAd in purchasing stock and the other overheads incTeasod by £34.326. As ever, the shop volunt8ers have wuked hard to make sure that both Ihe shop and tr018y continued tL) provid& a hfily valued serwct to both the patients and staff of St Rithards Hosprtal. WthLNrt this effort by Ihe ¥(UnteerS Ihe Friends would n(s1 be able tsffefry thts serw#.' so yel •Jain we owe a bvJ Vote of Ihanks lo all those hewed during year. Flpanclal revlew Res•rv•s pollty The trustees aim fo meèt Ihe reque31s ts 5LwcKI reNed from the Hospials wherever The trustee5 aim lo meet Ihe requests for suppct re£ve from the Hos$ ktheTever wJssiLqe. In years when the Suitabk requests rec4ved fvn thè hosprtals is ky•Mthan the irthrne by the Fri2nds the surPS afiyng 15 rarried fon¥ard lo Jnd requests IA hjture years. Totsl Feserves * the Balanr Sheel dale £1.635,716 12Lf23". £1.414.1821 of £1,505,194 12023.. £1,364,310) are unresknX&l and £130.52212023'. £49,872) are r8str•aed. Ri8k managernenl The trustees have try1dered whether there arè any major risks th may athisety zffect contt'nued operation of the Charity. AS the Cty has no emF4oyees or SignifnI ongJ"ng c(rfnmrfrnents only agrees to fund requests from th8 hosytas when funlls e available ts Trustees con5tder Ihere are r¥) major tisks that nJ to be addSsed. Plan• for futur• porlods Fulure plan 2024 was the 75th anniversary of The Fnends and specid evTnts wdl be planned throlwhJt the year lo mark this prestigious Occas up toApril 2025. * continue our good relathonsfv"p wilh th• Frionds of Ihe other i) thÈ trusl. &YJhton. W)rtIMng. Hayw8rds Heaih. Soulhlands. It must be noted Ihat al Ffiends groups opwale fulty iThJependenty. Ovr eontinue¢J $tencE and the abi&ty io meei the demaThJs F4aced upon us dèpwtds on ftwKI ra¢sing wojects. legacies and memorial donth'orts as we4 as the supwrt of numefOUS vdunteets operate Ihe fiiends shop in St Richards hospit4 or help to run e¥ts. We are rn08t gratefvl lo these puNAyiited inthviduals and organisaiion5 who continue to provhle the support this valJabfe c(Mnmunty charbty deseNes. The fvture plans are to continue wth the good thal th¢ tharity ertakeS in W0vidlU valuat4• seMces to patients and istrJrs as we¥ as vital medixl ewipmtht. È are buiklw a group of volunteers to be kntrwn as The Fiiends Surt T8am to assist at fund ralskng functions on an ad hoc ba&s. Shwkl you be nterested please email In erho look foward io cOn1rj thjr gc)J woth'ng relaiionshp St ftthard's and Ioc81 Mental Heatth 5ervus in Ihe coming year. SIntr•i govarn¥n •nd managemE The tharity is contpoled ty its go%*rThr¥J do(aJm¢nL a deed of tntst. and CCStitUteS an uninrnryJorat8d ¢harty.
FRIENDS OF CHICHESTER HOSPITALS TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 The Iwstees who served during the yeaf arml up to the tJ Of Signatu of the statements were". rs J Ramage IArs J Hep440rth MrJ Rrn¥den Mrs A Hobson Mrs P RcensOn IArs K Smee Mr R Stepher MrAM KediThJ Mr J E M BhertCMI Mr J C TuTner Ms L G Fraser MsMPR•ed Mr M Barge Ms S M Medlow Ms N Chappje Ms M Gorm Ms L Squlres {Reaned 20 Jamary 2025) {Arvoted 11 2024 reswJngS 28 Ostobgr 20241 IApp)inled 20 January 20251 IApp)inled 20 January 20251 {ApwJmted 2 Dectstr 20241 The tsjrrent trustees al have expeTience and kn¢Av of the area and charty sectsr. Thèy have not undertaken any spetsfic indu¢orÈ or training because their preww5 inweMent th thaTrties 8nd their general busines5 experiènc£ was believed to be suffioent to ènsure a fvll understandirg of their duts.es and responsibilities both generalty and spetifity as they aFW lo chaiilie$. They are made ofany ¢hanges in charity whith may affecl their rest)nsibdities. The Fn¥ is aThl njn et)tifdy by tee¥s. The regtered offiLE 15 at St Rthard's Hospitsl. Spitaffield tane. Chichester, P019 8SE wherè mosl of of Ihe 8dministra w(k k£ tarried o¢Jt. A committee is eled at the Annual General Meeting and they a¢# as TnJstees of the Registered Charity. The Cornmrttee consists ofa Prespjent. four Officers (Chainan. WI Chamwn. Hon. Sectetary and Hon. TaSUr) and up to fifteen Commrttee members. The rmMItt8e meets not $$ ttlan eighl brnes annually lo re reql frL¥n the sfaff of both hospitals fo¥ nancial support for the purchase oi enhancemert of medical equipmént. and the proMs¢on of pab.ent and staff aMen1ts. suth as comfortaL4e seatiw in wathng areas and Christmas 9ffts. In der to ensure that requests are ?oritised so that the limited luftds are deoyed wisety and effectyety. th8 marbagement of eacJJ Hosptsl initialy ts ez¢h reque$l. However. small of LW to £S.(M)O can be sutknin8d ("redty the "OffiCs. by Hospital wards departments. The Friends Thainlain dtsse aThd (nendly fdats'ons the mana9pmen4 staff and patnt5 of both Hos{¥t5 so Ihat a syrnpatheti¢ re$lse can be made to all requests for support. Fulure truslees be 9Nen indtrdKffi and trainiNJ as aFTo&e to acquaint them wih the th•ity and its method of oreration. On appoinimenl ITustees wil be bnefed on ihwr kgal 0gaIOn8 under tharity law, the cmlent of the wveming document. the commfftee antj decian making processes and the recent rinanc4al perfrrnan ofth8 tharity. The trustees. repiyl was approved by the Board of Truslees. IAr R step$ Tru•te¢ Dale.. 29 202J-
FRIENDS OF CHICHESTER HOSPITALS
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF FRIENDS OF CHICHESTER HOSPITALS
I reFQrt to tho tnjstees (w) ry eXation oflhe finxial Stateme ol of Chkthester Hospitals (the charity)
for thè year 8( 30 Sptombèr 2024.
RespolI)ultIeS and basi• of r•port
As the trylee$ of the charity you are responsQk for Ihe preparalton of the finan¢ial statémenls in at)rdance with
the requirements of the Chanti&s Act 2011 (the 2011 Aei).
I reFQrt in wpect of my examination of the charitys finan¢i snnIS camed under s8rt#)n 145 01 the 2011
Acl. In carwng oul my examinattyi I have f01bd all the ar%4catrAe DiredM)ns by Ihe Charity Comrnissn
under section 1445llb) olthe 2011 Ad.
Indenen1 exmh)e$ stst•m•nt
Sinc£ the charty's gross rv)me exceeded £2XI,IX#J YOEW exniner must L a member of a brpty ksted in stdi(
146 of the 2011 Ad. I confirm that l am qUald lo undertake the exarninarn beLuse l am a rnemb8r of the
In"tute of Chartd Acoxjntants in En9LaThJ and Wdks, whth is on8 of Ihe listed bodies.
Your attwrthjn 15 dravn lo the fata Ihal the drty has wepared ststements in arLofdance wth Ac
FRIENDS OF CHICHESTER HOSPITALS STATEMENT OF FINANCIAL ACTIEs INCLUDING INCOME AND EXPENDrruRE ACCOUNT FOR THE YEAR ENDED 30 SEPTEIAIBER 2024 Total Un¥eslricted Restrkt•d lunds 2023 Totsl fuflds 2024 funds 2024 2024 2023 2023 Nots• Income from: Donaltyjns and legacies Othér trading knvestmenls 293.554 X6,618 22, 35.69] 329.204 X6.618 22,880 93.150 160.729 10.347 93.150 160.729 10.347 Total Inco 523.052 35,6SO 558.702 264.228 264,226 Expend5tur• on: Raising fuThJs Charilable actimtses 1492&8 177,910 149,258 187.910 112.625 253,462 112,625 254,204 10.CXXI 742 Totsl expenditure 327.168 10.CrfX> 117.168 366.087 742 366,829 Net Incom•llexp•ndlturnl 195.884 25,650 221534 {101.8611 (742) 1102,edJ31 Transfers treefi funds 13 {55.0) Ngt mo¥errwnt Jnd 140.884 80.650 221.534 {101.8611 1742> 1102,6031 R•e¢)n¢ihatitin olfunds: Fund balww at 1 Oclob•r 2023 1.364.310 49.8r2 1.414.182 1,466.171 50.614 1,516.785 Fund balan¢•s at 30 S¢ptsmbeT 2024 1,505.194 130.522 1,635.716 1.364.310 49.B72 1,414.182 Th8 ¥latemenl of financia acThvitie$ indthjes all 9ains and bsses rec¢gTh5&J in th8 year. Al ince arKI expendilure derive frryn cJ)nlinuing lMIles.
FRIENDS OF CHICHESTER HOSPITALS BALANCE SHEET AS A T30 SEPTEAIBER 2024 2023 Fixed •s*ets TangitrAe assets 14 8,477 9,216 Cumnt •••ets Stocks Debtors Cash at bank and in hand 15 16 16.852 15YJ.921 1.587.595 11.219 305.939 1,313.709 1.79S.368 1,630,867 Creditors: amounts faifww due within on• ye•r 17 168,129 225.• Net ¢urrent assets 1,627.239 1.404.986 Total usets l•ss currènt Wabilili 1.835.716 1.414,182 The fvnds of th• chaity RestrirAed COMe INIS Unreslricte(l fijnds 130.522 1,YJ5.194 49,872 1,364.310 1.635.716 1,414,182 iyza The ffinanrial statements were apwol by Ihe Iwslee3 On ......................... Rowden TN$t•¢ Mr R Stephens
FRIENDS OF CHICHESTER HOSPITALS STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 SEPTEMBER 2024 2024 2023 Cash Ilowts from operalln9 actlvthes Cash generated from cpeM) 22 251.C(6 61,382 Inve8tlng atti¥ltl•s Inveslmenl income 22.880 10.347 Nt cash gen•rated from kn¥e8tl a¢tiviiie$ 10,347 Nel ca*h uud in ffnan¢kffj 8¢tr Net In¢Tha¥• In ¢uh and ca¥h equivaltnls 273,886 71,729 Cash aTh4 cash equiwalents at begiMing ofyear 1.313.709 1.241,980 gh and wuivalpnts at end ofy•ar 1.587.5 1,313.709
FRIENDS OF CHICHESTER HOSPITALS NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 30 SEpfEA18ER 2024 Accounllng policle• CIMIity infoTrn•tIo Friends of Chichester Hosprtais is a d)anty registered in England govemed by its Injst deed dated 195S as amend8d on 1 June 2016. Its princ address is Okn. Sl Rictwrfs Fk)swfa. Srilalfiebjs Lane. Chichester. &Jssex. 1.1 Accow0n4 ¢wvMllon The financial slalemenls ha¥e teen epared in aurdan with the Ch$ verning doamnert. the Gharrts Ac 2011 "AcAXUntiNJ and Reporting by Charthes.. Statennt of Recommended Prn("e applicable charities weparing their accx)unts in ard8[e the Finanual Reporting Standa 4pplThble in Ihe UK and Reput4 of Irel (FRS 1021 (effÈdNe 1 January 20191-. Thè dwty is a Public Berfft Entty as defined ty FRS 102. finanaal slatemtsnts have departed frrwn the Chaiities IAc(Junts and ReprAtsI Regulab'ons 2ts)8 onty to the eKtent requYed to provth a tnJe and lair view. This d8partuie has invcthd tolb.ng Ihe Slatement ol Re(ommended PraLIKe for chartw wthng FRS 102 rather than the beryon of the Ststement of Recommended Practice ts rderred to in the Regubtic)s Imrt whith has boen wth1. finanixa statemgnts are wepared in slerkng, is ts fiJnLawl rTer of the charty. Monelary arnounls in trasè finawal statements are Ind¢ to fv nearest £. The fmaneial slatements have been prepa l(t the hithrtsl LY ClventI. The pn"n¢pal aCNting policies adopted are sel Lkw. 1.2 Going Conrn At the t.me of appromng Ihe financaal slatements. the trustees a reasonable expeclats.cffi ihat the thaitty has adequate resources to conb.nue in operational eX]ster for the forEseeaNe future. Thus the trustees coth.nue to a&)Pi the gc4ng tyicem basts of a(y)yJnlwig in yeparing the nla1 ststemeThts. 1.3 CharftablÈ fund8 UnTestri¢Xed funts are Wdfiatle use at the discleb of the trustees in furfherance of their chantable obJ.eCS. Designated lunds cowise whth ha been sd as4 ai the dIsctIoN of the trustees for speor purp4Jses. Thé pUIpc and uses of the designated lunds are sel ¢JJt n the noles to the finanal statement$. Restricied funds are subj'ect to specJk cnndrfm ty Is or gr¥rtOffS as lo l¥w Ihey may be used. The purposes and uses ofthe renthd ILwxl$ are sel tr notes lo the finanaal stalents. IA Income Income is recognised when the tharity 15 legaty entillwJ lo it after any perfCr ¢thdn5 have been met, the amounts can be measured reliabty. and rt is probab thal in¢Jme kviH LE Cash donatior¢s are reo>JTwsed on reeÈipt. Olher donatTh5 a 0e the chanty has been nOtifd of the donation. unless performarrE ¢ditionS require deferral of the arrwtmt. Inc£)me tax recoverable in relation to donations re1ve undw G Aj ry deeds of covenant 15 recwnised al the ts.me of the d¥tn. Legaaes are rec4)gnised on recapt w otherwBe rf the iknnty has been notified of an irnpending distrt)utJn. the amount is krK)wn, and receipl is expecteJ. 11 the attw)unt Is Thjt knwn. the legacy Is treated as a nlijwt assel.
FRIENDS OF CHICHESTER HOSPITALS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 A¢¢ounling polcl•s Icontlnuadl 1.5 Expenditrjrn Liabilities are r8ctsJni%ed as expenditure as scui as Ihere is a or rSvCt Ob"gatJn wrnmi.ng th¥ Larity to that expenditure, il is probable that a transfer of e))nomic benefrts te required in settb2rnent and the arrnunt of the oNigakn can be measuied reliab. Expenditute 1$ a(zounted for on an acLruals basis and has been dasslffied under headings that awe9ate al cost reLqted to the Category. costs r2nnot be directy attribthed to partKJJar headirwJs Ihey have been l0(al¢d lo acimlies on a basis oyjsistent with thg use ol resources. Lapsed bKfs - If 8n approved M ks completed wrthin 12 m¢)nths of it being approved by the Committee, the is deemed to lapse. The Comnwllee WW. how. conSIderthe p)%1? rfa bd is retwesented by thg hosprtals. 1.8 Tangibl• fix•d ass•ts Tw)gtsle ffixed assels are inii41ty rneasUd at cost and subSeqUty rreagjred at cs1 or vabjation. nel of depreryation and any impaument los. Depre¢5atiJn is recognised so 85 to 118 off the or valLFaII of assets kss Iheir resJual waLtes (Ner their useful lives on Ihe lolowng bases: Freezers Shop thros Computer5 Tiolleys Sculpture 25% on redwing balan< 25?A on reduuNJ balan and 10% on cost 13% on reducing balance 10% on redu(ang batan¢¢ None The gain or h)ss arising the dispos of an assei is determmed as thè drferen betn the sale proceèds and carrying Value of th• asset. and is recogftiseA in the ststernent of fvarKial actMts. 1.7 Impalrni•nt of fixed •tsets At ead) feporThng end date, Ihe charity revts the canying affl0ts of its tangiL4e assets to determine whether there is that those assets have SUffed an Impalmnt kJss. If SLJth inLalion exists. the reeoverabk amourt of the asset Y6 eslwnated in ordèr to deteIne Ihe extent of the impairment loss Irf any). 1.8 Stocks Str$ are valued at the lower of cosl and net reabsab val, after makn.ng due athncE for obsdete and slrAv momng items. Net reafwble value is Ihe esbrnated sefr" less al esiimated cthts of 0)mpti and o)sts to be infmd in MaetIng, selling and dis1"0n. 1.9 Cash and cash ¢qbal Cash and cash equNalents inrjude ¢2sh hand, deposits held at cal WTth banks. olh8r shtsrt-leryn liquid investments wth origal matue$ of three months o* less. •J bank overdrafts. Bank overdraft5 are sh(ywn wrfhin borrwngs in cvrrent hats111. 10-
FRIENDS OF CHICHESTER HOSPITALS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accounting poliths IContlnu•dl 1.10 Fina¥•1 IMlnJnents The drity has elected lo appty th8 prowwns ol secti 11 '8asK FInarla1 Instrwnents. and Sedv)n 12 'O¢her Financ4al Inslruments IssuÈs' of FRS 102 to all of A5 finan¢ial ins1wm. Financaal instruments are ret))gnised Ni Ihe ¢h8fflI$ Sheet when Ihe tharity beCmeS paty lo the contractual proMs•xs ofthe inslrnrrnl. Fnanc4 assets and lÉabiliti"es are offset. Ihe ainrwjnts wesented in the ffinanrial statements. when there is a legalty en11abl9 nght lo set off the recognised aOjnts and the is an intenlion to settle on a ng1 basss ( to rease the asset and sellle the &"abilty smdtaneLKbSty. Bask flnanelalassets Ba¢ finanryal 8ssets. Clude debtots cash aThJ bank b8lantrts. are measured al Iransaction wce induding transaCIn costs and a subsequertty carried at amortssed cx)st using the effe¢tNs intèrest method unsS the arrangernent thnStItts 8 finan(irg tr8ns8oion. kthere the tr8nsaction is measured at the wesant vahje of the tttsture rwipts di$Inted at a market rate of interest Financial assets dassified as reab itlin yew a rv)t anv)rtised. B• flnanclalli•billtl•s Basi¢ finan liablities, indUdg c¥edrtrA5 and bank loans are initra recognised at trans8('on price unless Ihe arrangement con5tttute$ a financing transact, where the debt strUMent is rrasured at Ihe present valu¢ of the futu paynnts discounted at 8 maFket of tereSt. babdi$ cJa5sified as payable within onè yèar arè not mtised. Debt inslrurnents are subsequenty at amortL%ed tsxt, using tt effecknE iDteresi re rnethod. Trade cYe¢Jiors are otthgations to pay for g¢xrtts or Ihat habE been acqed ordnary WJTse of operations frtxn suppliers. Amounts payable are dassrfd as current &ablrties rf paymenl is due within one year or 5$. If nol. they a kyesented as nOrcent I'IrtIeS. Trade ueditors are recognised inalty at tranc1[0n prKe and subsequenity measured at amNb8ed cosl effeclwo Int$t mettrK%J. Financial Irdbilrties are dwecognisèd %th8n Ihe lts1& Obfigats$ eyre or afe di$drged 01 cancelled. ctka1 aceountlng and judgements In the applKaiion of Ihe charlS actLnIng FY)Iiaes. Ihe trustees a required to make judgemènts, èstimates and assurn[ons abwl the canwng amounl of assets knabt"1rtses that a not reathty apparent frtyn other sources. The estimates and asSWiated a5sumpbon5 are tosed on histoncal experien and olher faetors that are considefed to be relevanl. Actual iesults may drfer from these esth"mates. The eslEmates and undetying assumpfrons revivwed on an ongyng basis. Rewiyons to acxounting estimates are recoglsed in Ihe per in the estsmate is wsed wl*r(¥ the affèd$ only thai teriod. or in the pe10 of the wsi(n and future where the re¥ affe$ l>th rrent and fure period$.
FRIENDS OF CHICHESTER HOSPITALS NOTES TO THE FINANCIAL STATEMEtrirs (coKriNUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 DonatSons and legad•s ilnrn¥trkted Restrlcted funds fund Totsl Unreatricted ftjnds 2024 2024 20 2023 2,105 269.078 22.371 2,105 304.078 23.021 6,903 Legacaes recewable Membership subscrip1 and dat$ 35.000 27,279 293,554 329.204 93,1SO untrIcd Umutricted funds fund¥ 2024 2023 Shcy income Fundraising events 192,572 14,046 1%.374 4.355 Other trading activTties 2C6,618 760.729 Incom• frnrn imTeslments Umestrfcted Unre8trfctsd funds fundg 2024 2023 Interest feceNable 10,347 12-
FRIENDS OF CHICHESTER HOSPITALS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 lslng funds UnTr•lrfcted Unrestricted nds (unds 2024 2023 and 0lherfvndrai8ry o)sts 2,578 271 Opening s¢ PUhaSeS CkJsing $toc Insuran Postsge and Slatwery Tdeph Repairs and maintenan SuThJries Credit eard chwys Depreciat.. Trolleys Depreeiatson.. Freezers Delxecaation". Shop fiWs 11,219 140.994 116.8521 1.496 45 552 3,415 351 4.750 132 10.884 105.946 {11,2191 107 247 3,887 147 117 490 Other irading acbMI*s 146,680 112,354 149258 112,62S 13-
FRIENDS OF CHICHESTER HOSPITALS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Chatstsble a¢ll¥ities 2024 2023 Dopreo•tion of c4)Mpe[S Pn'nling, postage. statirKery aThJ adwwng Sunthy Websile expenses Legal and professK)n lees Computer aTrJ IT expenses 29 5,863 43 1,164 1.571 430 7,276 456 733 7,711 10.940 Granl fvnding of actiwties Ise¢ nole 81 Share ol govemance $ts {see nole 9> 177,S89 2.610 240,714 2,550 187,910 254.204 Anatysi$ by fur Unrestiicted fdS ReStrted funds 177,910 10.000 253,462 742 187.910 2S4,204 Grants payable 2024 2023 Grants to institubons: Medical equipment Patient and Stsff b)èffts 169.353 8.236 226,246 14,468 177.589 240,714 14_
FRIENDS OF CHICHESTER HOSPITALS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Support costs sup Governan¢e 2024 Support Go¥ernanc• costs 2023 Irldependent examiner fees Ac£ourtan 1.470 1.470 1,080 1.105 1.105 2,610 2,610 2.550 2.550 Anatysed betert Chaiitab ath¥" ies 2.610 2.610 2.550 2,550 10 Trustws N8 of the tsustse$ {w any persons rmnecled thwnl any reMUratIOn durYKJ ihe y¢o(, and one ofthem was reimbjrsed pnnbng stath"onery and paing expenses of £146 (202& £251. 11 Employee• The avera9e nUrnr ol ernths duiirJ the yearwas.. 2024 Mumb•r 2023 Number Tot There were no empknyees %th0s8 annual rernwer8lK was than £60,C¥NJ. 12 Taxatlon The chan'ty is èxemo trom taX*ion on its bee2w al its irK4yne t5 aed for charirablÈ wrptsses. 13 TTrnBfern There b a transfeF from unrestred to reslricled hjnds of £55.[ due to Ihe misalh)caiion of a W last year whrh should te treated as restred lurxts Inujme for the Eye Clirmc. 15.
FRIENDS OF CHICHESTER HOSPITALS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEAIBER 2024 14 Tafiglble fixed a•sets Tot•1 Co At 1 c0bel 2023 7.494 14,686 9.739 3.108 40,527 At 30 Septembw 2024 7.494 14.686 9.739 3,1 5,500 40.527 D•pr•cl#tlon and Impaivment At 1 0<0ber 2023 DepreQat1n tharged in year 7.145 12.725 1.787 31.311 88 4) 132 739 At 30 SeptemLw 2024 7.2&3 13.215 1.919 Clrrylng amount At 30 Septemt¢r 2024 261 1,471 1.189 8,477 At 30 s&plemr 2023 349 1.961 85 1.321 9,216 15 Stock• 2024 2023 Stod<s 16.852 11.219 16 D•btor8 2024 2023 Amounts talling du• within y•ar. Olher debtors 190.921 5,939 17 Cr•dltorB: •mouthts f•Ning due ¥rithin one year 2024 2023 Olhei tsxatic Trade creditors Aral9 and (leferred income 1,163 222,188 2,550 165.489 168.129 225,901 18-
FRIENDS OF CHICHESTER HOSPITALS NOTES TO THE FINANCIAL sTATEmErs (CONTINUED) FOR THE YEAR ENDED 30 SEPTEAIBER 2024 18 Re$trkt•d lunda The re5trKted futNJs of charity comwise Unex&ded baF8n¢es of donations and grants held on tntst subject lo specific uJn¢b'on5 by &)nois as to how they may be used. At 1 October Raula Transl•vs 2023 At30 September 2024 rd Funds Diabeti and Eye Unrts Fletrer Unit Iledical EquiFwnént 14.611 32.761 15,261 112,761 2,500 25.CrfXI 55.C 10.IKKJ (10,CW} 49,872 {10.C((I} 130.522 Pmious year: At l Octob•r 2022 kn¢oming Re1¢& rnSOu •xpended Trnrrffe AtJO Soptsmber 2023 Ward Funds Diabeb"c and Ey¢ Unrts Fletther Unrt 15.153 32.761 (7421 14,611 32,761 2,500 50.614 1742} 49,872 Ward Funds - A reslricted fund f¢x donati$ rnade to Ihe Friends for spgcrfic wards within the Chthester hospitals. Diabetic and Eye Units- A restnded ffi1r for the purchase of for the Diabetès Cefttre and Ihe Eye Deparfment. Fletthw Unit-A resln.cted fvnd lor the nefft of the Flthr Unit for patient comforts. Medical Equipment-A trthd fvnd for Ihe pur$8 of rned equipmenl. 19 Unrestrfcted fvnds The unrests%#ed funds oflhe compris¢ ts unextwded ban¢ ofdonations and grants are ot Subject io spec4fic condrtions ty donor5 and grantors as to hcwl they may te used. These inchjde designated fvnds which have been sél out Ofunresir£d lund$ by Ihe IteeS for SFcffic purposes. At 1 October Inwning Resources Tr*TerS 21123 expended At30 Septsmber 2024 General ftnds 1.364.310 523.052 1327.168) (55.OCQI 1.505.194 17_
FRIENDS OF CHICHESTER HOSPITALS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 19 Unrn•lrfctsd fund• IContlnu•dl Prevlous ye•r. At 1 OGtob•r 2022 In¢omln9 Re8ourc•8 r•8our¢•J •xynd•d Trnnsf• At30 S•pt•mb•r 2023 MRI Appeal General fund$ n5.932 740.239 (725.932) 725,932 1,364,310 264.226 1386.087) 1,486,171 264,228 1386.08n 1.384,310 MRI Appe81- A designated fund to support St Richard's Hosprtal'$ potentio1 red8velopm¥nt of th8 Magn8tic Resonance lfflaging darbent. Thls Is rw longer a hospital proSect 80 tha money has been Iransforrod to general fvnds. 20 AnAty81• of net 4s•ets betwo•n fund$ Unr•8trlcted Rostrfcted nds funds 2024 2024 Total 2024 Fund balances at 30 Soptsmb•r 2024 repro8onted by. Tangible assets Cuffent as8etsl{Iiabllitsj 8,477 1,496.717 8.477 1.627,239 130.522 1,505,194 130.522 1.635,716 Unrn8trlclod Restrl¢tsd funds fvnds 2023 2023 Totsl 2023 Fund balances •t 30 September 2023 8rn r•present by. Tangible assels Current 0s8etsl{I1ab1fle¥> 9,216 1.355.094 9.216 1.404,966 49,872 1.364.310 49.872 1.414,182 21 Related party transa¢tlon• Trnnsaetlons wlth r¢l•tsd partle8 During the year the charity 8nt8red Into the foltovlng transacilons wlth rel8led portles: trustee J Brotherton Is a LLP Deslgnated M•mber ofW&nnops LLP. Durfng the year the thartty purthated £0 (2023- £6,420) of legal feè$ from Wann0 LLP. 18-
FRIENDS OF CHICHESTER HOSPITALS NOTES TO THE FINANCIAL STATEMEKrs (coMriNUED FOR THE YEAR ENDED 30 SEPTEMBER 2024 22 Cash gener•ted fvom op•Y•llo 2024 2023 Au{de year 221.534 {102.603> Adlustmants for. 2.880> 739 (10.3471 Movements In worl¢ing camal: {Increase) in stocks Deu8ase in debtcws (5,633) 115.018 (S7.772) 1355) 29.358 144,389 251.oc 61,382 23 Ana1kn of clMng•¥ th n•tfvnd The d*rity hod no matsrial debt the . 19-