**REGISTERED CHARITY NUMBER: 226983**
## **REPORT OF THE TRUSTEES AND**
## **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **FOR**
## **THE FRIENDS OF THE WISBECH HOSPITALS**
Wheelers Chartered Accountants & Tax Consultants 27-29 Old Market Wisbech Cambridgeshire PE13 1NE
**THE FRIENDS OF THE WISBECH HOSPITALS**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
|||**Page**||
|---|---|---|---|
|**Reference and Administrative Details**||1||
|**Report of the Trustees**||2||
|**Independent Examiner's Report**||3||
|**Statement of Financial Activities**||4||
|**Balance Sheet**||5||
|**Notes to the Financial Statements**|6|to|12|
|**Detailed Statement of Financial Activities**|13|to|14|
**THE FRIENDS OF THE WISBECH HOSPITALS**
**REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2024**
**TRUSTEES** M Bruce Chairman S Coales Vice chair (deceased 15.11.23) Rev G Stevens Treasurer N Tilbrook B Williams S Bruce P Maguire P Barber W Smith B Beales S Beales S Bellamy H Powell **PRINCIPAL ADDRESS** 4 Chaucer Close Leverington Wisbech Cambridgeshire PE13 5AZ
## **REGISTERED CHARITY NUMBER** 226983
## **INDEPENDENT EXAMINER**
Wheelers Chartered Accountants & Tax Consultants 27-29 Old Market Wisbech Cambridgeshire PE13 1NE
Page 1
**THE FRIENDS OF THE WISBECH HOSPITALS**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024**
The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The Friends foster and maintain the interest of the public in the patients and the support of the work of the Wisbech Hospitals by means of voluntary service.
The Friends raise funds to provide amenities and equipment to benefit patients and staff at North Cambs Hospital and associated homes and clinics in Wisbech.
## **Public benefit**
The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing aims and objectives and in planning future activities.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
During the year the charity has made payments to the North Cambs Hospital towards the provision of hospital equipment and improvements.
## **FINANCIAL REVIEW**
## **Financial position**
As at 31 March 2024, the total unrestricted funds of the charity amounted to £755,431 (2023- £893,710). A sum of £400,000 towards the development of part of North Cambs Hospital, was designated in the year ended 31 March 2023. During this year £148,527 has been spent, leaving a balance amounting to £251,473.
## **Reserves policy**
Reserves are maintained in order to fund future charitable expenditure and have been split into a General fund (representing free reserves for the charity to spend as required) and Designated fund (representing money set aside for a project at North Cambs Hospital) disclosed within the Contingent Liabilities note 14 to the financial statements.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is governed by a Constitution and Rules adopted on 20 April 1953 and was registered as a charity on 16 October 1963. The Constitution was revised on 22 July 2016.
## **Recruitment and appointment of new trustees**
The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Constitution and Rules.
Approved by order of the board of trustees on 2 August 2024 and signed on its behalf by:
M Bruce - Trustee
Page 2
**INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE FRIENDS OF THE WISBECH HOSPITALS**
## **Independent examiner's report to the trustees of The Friends of the Wisbech Hospitals**
I report to the charity trustees on my examination of the accounts of The Friends of the Wisbech Hospitals (the Trust) for the year ended 31 March 2024.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Helen Garrett BA FCA CTA Cert PMI
Wheelers Chartered Accountants & Tax Consultants 27-29 Old Market Wisbech Cambridgeshire PE13 1NE
5 August 2024
Page 3
**THE FRIENDS OF THE WISBECH HOSPITALS**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **FOR THE YEAR ENDED 31 MARCH 2024**
|31.3.24
Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
43,501
Investment income
3
13,510
Other income
55
**Total**
57,066
**EXPENDITURE ON**
**Charitable activities**
4
Donation - Alan Hudson Day Treatment Centre
250
Provision of hospital equipment and improvements
193,474
Grants payable to institutions
-
Other
1,621
**Total**
195,345
Net gains on investments
-
**NET INCOME/(EXPENDITURE)**
(138,279)
**RECONCILIATION OF FUNDS**
Total funds brought forward
893,710
**TOTAL FUNDS CARRIED FORWARD**
755,431|31.3.23
Total
funds
£
8,419
9,277
-
17,696
-
8,503
5,000
1,621
15,124
148,910
151,482
742,228
893,710|
|---|---|
The notes form part of these financial statements
Page 4
**THE FRIENDS OF THE WISBECH HOSPITALS**
## **BALANCE SHEET**
## **31 MARCH 2024**
|31.3.24
Unrestricted
funds
Notes
£
**CURRENT ASSETS**
Debtors
10
2,296
Investments
11
356,993
Cash at bank
438,651
797,940
**CREDITORS**
Amounts falling due within one year
12
(42,509)
**NET CURRENT ASSETS**
755,431
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
755,431
**NET ASSETS**
755,431
**FUNDS**
13
Unrestricted funds
755,431
**TOTAL FUNDS**
755,431|31.3.23
Total
funds
£
4,424
650,025
245,119
899,568
(5,858)
893,710
893,710
893,710
893,710
893,710|
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 2 August 2024 and were signed on its behalf by:
M Bruce - Trustee
G Stevens - Trustee
The notes form part of these financial statements
Page 5
**THE FRIENDS OF THE WISBECH HOSPITALS**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.
The presentation currency of the financial statements is the Pound Sterling (£), the accounts are rounded to the nearest Pound.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
For legacies, entitlement is taken as the earlier of the date on which either, the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor's intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.
Interest receivable on funds held on deposit is included when receivable and the amount can be measured reliably: this is normally upon notification of the interest paid or payable by the bank.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## **Investment property**
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.
## **Investments**
Investments are stated at market value at the balance sheet date. The Statement of Financial Activities includes the net gains and losses arising on revaluations and disposals throughout the year.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
continued...
Page 6
**THE FRIENDS OF THE WISBECH HOSPITALS**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **1. ACCOUNTING POLICIES - continued**
## **Fund accounting**
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Going concern**
The trustees believe that the Charity is well placed to manage its financial risks successfully and have reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future. Consequently, it continues to adopt the going concern basis of accounting in preparing the annual financial statements.
## **Cash at bank and in hand**
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **2. DONATIONS AND LEGACIES**
## **3.**
|**DONATIONS AND LEGACIES**|||
|---|---|---|
||31.3.24|31.3.23|
||£|£|
|Donations|8,001|7,549|
|Legacy|35,000|-|
|Memorials|500|870|
||43,501|8,419|
|**INVESTMENT INCOME**|||
|Rents received|31.3.24
£
-|31.3.23
£
535|
|Deposit account interest|13,510|5,416|
|Income from investments|-|3,326|
||13,510|9,277|
continued...
Page 7
**THE FRIENDS OF THE WISBECH HOSPITALS**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **4. CHARITABLE ACTIVITIES COSTS**
|Grant
funding of
activities
Direct
(see note
Costs
5)
£
£
Donation - Alan Hudson Day Treatment
Centre
-
250
Provision of hospital equipment and
improvements
193,474
-
193,474
250
**5.**
**GRANTS PAYABLE**
31.3.24
£
Donation - Alan Hudson Day Treatment Centre
250
Grants payable to institutions
-
250
**6.**
**SUPPORT COSTS**
Governance
Management
costs
£
£
Other resources expended
811
810
**7.**
**INDEPENDENT EXAMINERS REMUNERATION**
31.3.24
£
Remuneration
810|Grant
funding of
activities
Direct
(see note
Costs
5)
£
£
Donation - Alan Hudson Day Treatment
Centre
-
250
Provision of hospital equipment and
improvements
193,474
-
193,474
250
**5.**
**GRANTS PAYABLE**
31.3.24
£
Donation - Alan Hudson Day Treatment Centre
250
Grants payable to institutions
-
250
**6.**
**SUPPORT COSTS**
Governance
Management
costs
£
£
Other resources expended
811
810
**7.**
**INDEPENDENT EXAMINERS REMUNERATION**
31.3.24
£
Remuneration
810|Grant
funding of
activities
Direct
(see note
Costs
5)
£
£
Donation - Alan Hudson Day Treatment
Centre
-
250
Provision of hospital equipment and
improvements
193,474
-
193,474
250
**5.**
**GRANTS PAYABLE**
31.3.24
£
Donation - Alan Hudson Day Treatment Centre
250
Grants payable to institutions
-
250
**6.**
**SUPPORT COSTS**
Governance
Management
costs
£
£
Other resources expended
811
810
**7.**
**INDEPENDENT EXAMINERS REMUNERATION**
31.3.24
£
Remuneration
810|Grant
funding of
activities
Direct
(see note
Costs
5)
£
£
Donation - Alan Hudson Day Treatment
Centre
-
250
Provision of hospital equipment and
improvements
193,474
-
193,474
250
**5.**
**GRANTS PAYABLE**
31.3.24
£
Donation - Alan Hudson Day Treatment Centre
250
Grants payable to institutions
-
250
**6.**
**SUPPORT COSTS**
Governance
Management
costs
£
£
Other resources expended
811
810
**7.**
**INDEPENDENT EXAMINERS REMUNERATION**
31.3.24
£
Remuneration
810||Totals
£
250
193,474
193,724
31.3.23
£
-
5,000
5,000
Totals
£
1,621|
|---|---|---|---|---|---|
|||31.3.24
£
810|
|31.3.23
£
816||
## **8. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration for the year ended 31 March 2024 (31 March 2023 £Nil).
2 trustees received gifts that amounted to £76 in the year ended 31 March 2024 (31 March 2023 £92)
continued...
Page 8
**THE FRIENDS OF THE WISBECH HOSPITALS**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **8. TRUSTEES' REMUNERATION AND BENEFITS - continued**
## **Trustees' expenses**
The charity took out Trustee insurance which amounted to £185 (2023 £182)
Trustees' expenses in respect of postage and stationery, travelling and telephone for the year ended 31 March 2024 were paid to two trustees amounting to £378 (2023 - £328).
## **9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
||Unrestricted|
|---|---|
||funds|
||£|
|**INCOME AND ENDOWMENTS FROM**||
|Donations and legacies|8,419|
|Investment income|9,277|
|**Total**|17,696|
|**EXPENDITURE ON**||
|**Charitable activities**||
|Provision of hospital equipment and||
|improvements|8,503|
|Grants payable to institutions|5,000|
|Other|1,621|
|**Total**|15,124|
|Net gains on investments|148,910|
|**NET INCOME**|151,482|
|**RECONCILIATION OF FUNDS**||
|Total funds brought forward|742,228|
|**TOTAL FUNDS CARRIED FORWARD**|893,710|
|||
continued...
Page 9
**THE FRIENDS OF THE WISBECH HOSPITALS**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Accrued income
**11.**
**CURRENT ASSET INVESTMENTS**
Fixed term bank deposit
**12.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other creditors
**13.**
**MOVEMENT IN FUNDS**
Net
movement
At 1.4.23
in funds
£
£
**Unrestricted funds**
General fund
493,710
(138,279)
NCH Phase 4 Development fund
400,000
-
893,710
(138,279)
**TOTAL FUNDS**
893,710
(138,279)
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
57,066
**TOTAL FUNDS**
57,066||31.3.24
£
2,296
31.3.24
£
356,993
31.3.24
£
42,509
Transfers
between
funds
£
148,527
(148,527)
-
-
Resources
expended
£
(195,345)
(195,345)|31.3.23
£
4,424
31.3.23
£
650,025
31.3.23
£
5,858
At
31.3.24
£
503,958
251,473
755,431
755,431
Movement
in funds
£
(138,279)
(138,279)|
|---|---|---|---|
continued...
Page 10
**THE FRIENDS OF THE WISBECH HOSPITALS**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **13. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|Net
movement
At 1.4.22
in funds
£
£
**Unrestricted funds**
General fund
742,228
151,482
NCH Phase 4 Development fund
-
-
742,228
151,482
**TOTAL FUNDS**
742,228
151,482
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
17,696
(15,124)
**TOTAL FUNDS**
17,696
(15,124)|Transfers
between
At
funds
31.3.23
£
£
(400,000)
493,710
400,000
400,000
-
893,710
-
893,710
Gains and
Movement
losses
in funds
£
£
148,910
151,482
148,910
151,482|
|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
NCH Phase 4 Development fund
**TOTAL FUNDS**|At 1.4.22
£
742,228
-
742,228
742,228|Net
movement
in funds
£
13,203
-
13,203
13,203|Transfers
between
funds
£
(251,473)
251,473
-
-|At
31.3.24
£
503,958
251,473
755,431
755,431|
|---|---|---|---|---|
continued...
Page 11
**THE FRIENDS OF THE WISBECH HOSPITALS**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **13. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
74,762
74,762|Resources
expended
£
(210,469)
(210,469)|Gains and
Movement
losses
in funds
£
£
148,910
13,203
148,910
13,203|
|---|---|---|---|
## **14. CONTINGENT LIABILITIES**
As noted in the Trustees Report, a pledge was made to North Cambs Hospital towards the next stage of re-development during the year ended 31 March 2023 and the trustees designated £400,000 from the general reserves. Pledges are paid on receipt of invoices, which are open for an unlimited period but maybe withdrawn at any time. During this year £148,527 has been paid out. The remaining balance of £251,473 has not been paid and invoices have not been provided. The balance has been carried forward within the designated fund.
## **15. CAPITAL COMMITMENTS**
The trustees have agreed to fund new equipment and improvements in the sum of £41,728 as follows: -
||£|
|---|---|
|6 wheelchairs|10,783|
|Stairlift|28,640|
|Wall art & graphics|2,305|
## **16. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2024.
## **17. CONTINGENT ASSET**
The charity has a quarter interest as a residuary beneficiary of an estate. Based upon figures provided on the probate papers the legacy would amount to approximately £85,000 dependent upon costs and the eventual realised value of the property in the estate, which has yet to be determined. As the trustees are unable at this time to quantify the amount the charity will eventually receive, they have not accrued any income from the legacy at this point. During the year the charity received an interim payment of £35,000, which is shown as income from legacy in the accounts.
Page 12
**THE FRIENDS OF THE WISBECH HOSPITALS**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024**
||31.3.24|31.3.23|
|---|---|---|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Donations|8,001|7,549|
|Legacy|35,000|-|
|Memorials|500|870|
|**Investment income**|43,501|8,419|
|Rents received|-|535|
|Deposit account interest|13,510|5,416|
|Income from investments|-|3,326|
|**Other income**|13,510|9,277|
|Sundry sales & collections|55|-|
|**Total incoming resources**|57,066|17,696|
|**EXPENDITURE**|||
|**Charitable activities**|||
|Provision of hospital equipment & improvements|193,474|8,503|
|Grants to institutions|250|5,000|
|**Support costs**|193,724|13,503|
|**Management**|||
|Insurance|185|182|
|Telephone|98|70|
|Postage and stationery|262|304|
|Sundries|155|136|
|Mileage expenses|111|113|
|**Governance costs**|811|805|
|Independent Examiner fee|810|816|
|Total resources expended|195,345|15,124|
|**Net (expenditure)/income before gains and**|||
|**losses**|(138,279)|2,572|
This page does not form part of the statutory financial statements
Page 13
**THE FRIENDS OF THE WISBECH HOSPITALS**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES**
## **FOR THE YEAR ENDED 31 MARCH 2024**
||31.3.24||31.3.23|
|---|---|---|---|
||£||£|
|**Realised recognised gains and losses**||||
|Realised gains/(losses) on fixed asset investments||-|(16,084)|
|Realised gains/(losses) on investment property||-|164,994|
|**Net (expenditure)/income**|(138,279)||151,482|
|||||
This page does not form part of the statutory financial statements
Page 14