REGISTERED CHARITY NUMBER: 226983
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
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 2025
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Report of the Trustees | 2 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 13 |
| Detailed Statement of Financial Activities | 14 |
THE FRIENDS OF THE WISBECH HOSPITALS
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2025
| TRUSTEES | M Bruce Chairman |
|---|---|
| Rev G Stevens Treasurer | |
| N Tilbrook | |
| B Williams (resigned 27.9.24) | |
| S Bruce | |
| P Maguire | |
| P Barber | |
| W Smith | |
| B Beales (resigned 24.1.25) | |
| S Beales | |
| S Bellamy | |
| H Powell | |
| S Hatcher (appointed 3.8.24) | |
| W White (appointed 3.8.24) | |
| PRINCIPAL ADDRESS | 4 Chaucer Close |
| Leverington | |
| Wisbech | |
| Cambridgeshire | |
| PE13 5AZ | |
| REGISTERED CHARITY | 226983 |
| NUMBER | |
| 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 2025
The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. 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 2025, the total unrestricted funds of the charity amounted to £740,618 (2024 - £755,431). 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 £39,374 has been spent, leaving a balance amounting to £212,099. As the development is now complete the balance of this fund has been moved to the North Cambs Hospital Fund. This year the Trustees agreed to designate £150,000 to the three Wisbech GP surgeries. During the year £40,221 has been spent, leaving a balance of £109,779.
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 a Designated fund (representing money set aside for projects) as disclosed within the Contingent Liabilities note 14 to the financial statements.
During this financial year a further sum was designated to be split between the three Wisbech GP surgeries in recognition of their support of the North Cambs Hospital over the years.This is disclosed within the Contingent Liabilities note 14 to the financial statements.
FUTURE PLANS
The Trustees have agreed to wind up the charity in the next 18 months. The demands of financial compliance, governance and accountability are increasing. The Chairperson and Treasurer are both stepping down and they have not been able to find people to take on these roles.
As part of the dissolution plans the trustees were presented with options for developments across the wards and departments at the North Cambs Hospital. The trustees have agreed to these improvements at a cost of £515,000.
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.
In recognition of his long service and commitment to the Friends, it was decided that Bill Williams should remain an honorary trustee.
Page 2
THE FRIENDS OF THE WISBECH HOSPITALS
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
Approved by order of the board of trustees on 25 July 2025 and signed on its behalf by:
M Bruce - Trustee
Page 3
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 2025.
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:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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
28 July 2025
Page 4
THE FRIENDS OF THE WISBECH HOSPITALS
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
| 31.3.25 Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 61,634 Investment income 3 14,343 Other income 170 Total 76,147 EXPENDITURE ON Charitable activities 4 Donation - Alan Hudson Day Treatment Centre - Provision of hospital equipment and improvements 89,018 Other 1,942 Total 90,960 NET INCOME/(EXPENDITURE) (14,813) RECONCILIATION OF FUNDS Total funds brought forward 755,431 TOTAL FUNDS CARRIED FORWARD 740,618 |
31.3.24 Total funds £ 43,501 13,510 55 57,066 250 193,474 1,621 195,345 (138,279) 893,710 755,431 |
|---|---|
The notes form part of these financial statements
Page 5
THE FRIENDS OF THE WISBECH HOSPITALS
BALANCE SHEET
31 MARCH 2025
| 31.3.25 Unrestricted funds Notes £ CURRENT ASSETS Debtors 10 690 Investments 11 250,000 Cash at bank 535,756 786,446 CREDITORS Amounts falling due within one year 12 (45,828) NET CURRENT ASSETS 740,618 TOTAL ASSETS LESS CURRENT LIABILITIES 740,618 NET ASSETS 740,618 FUNDS 13 Unrestricted funds 740,618 TOTAL FUNDS 740,618 |
31.3.24 Total funds £ 2,296 356,993 438,651 797,940 (42,509) 755,431 755,431 755,431 755,431 755,431 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 25 July 2025 and were signed on its behalf by:
M Bruce - Trustee
G Stevens - Trustee
The notes form part of these financial statements
Page 6
THE FRIENDS OF THE WISBECH HOSPITALS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
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.
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.
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.
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 have made the decision to wind up the charity within the next 18 months, as detailed in the trustees report on page 2. However, 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 during this period. Consequently, it continues to adopt the going concern basis of accounting in preparing the annual financial statements.
continued...
Page 7
THE FRIENDS OF THE WISBECH HOSPITALS
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES - continued
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
| 31.3.25 £ Donations 6,001 Legacy 55,433 Memorials 200 61,634 3. INVESTMENT INCOME 31.3.25 £ Deposit account interest 14,343 4. CHARITABLE ACTIVITIES COSTS Provision of hospital equipment and improvements 5. GRANTS PAYABLE 31.3.25 £ Donation - Alan Hudson Day Treatment Centre - 6. SUPPORT COSTS Governance Management Finance costs £ £ £ Other resources expended 867 43 1,032 7. INDEPENDENT EXAMINERS REMUNERATION 31.3.25 £ Remuneration 1,032 |
31.3.25 £ Donations 6,001 Legacy 55,433 Memorials 200 61,634 3. INVESTMENT INCOME 31.3.25 £ Deposit account interest 14,343 4. CHARITABLE ACTIVITIES COSTS Provision of hospital equipment and improvements 5. GRANTS PAYABLE 31.3.25 £ Donation - Alan Hudson Day Treatment Centre - 6. SUPPORT COSTS Governance Management Finance costs £ £ £ Other resources expended 867 43 1,032 7. INDEPENDENT EXAMINERS REMUNERATION 31.3.25 £ Remuneration 1,032 |
31.3.25 £ Donations 6,001 Legacy 55,433 Memorials 200 61,634 3. INVESTMENT INCOME 31.3.25 £ Deposit account interest 14,343 4. CHARITABLE ACTIVITIES COSTS Provision of hospital equipment and improvements 5. GRANTS PAYABLE 31.3.25 £ Donation - Alan Hudson Day Treatment Centre - 6. SUPPORT COSTS Governance Management Finance costs £ £ £ Other resources expended 867 43 1,032 7. INDEPENDENT EXAMINERS REMUNERATION 31.3.25 £ Remuneration 1,032 |
31.3.25 £ Donations 6,001 Legacy 55,433 Memorials 200 61,634 3. INVESTMENT INCOME 31.3.25 £ Deposit account interest 14,343 4. CHARITABLE ACTIVITIES COSTS Provision of hospital equipment and improvements 5. GRANTS PAYABLE 31.3.25 £ Donation - Alan Hudson Day Treatment Centre - 6. SUPPORT COSTS Governance Management Finance costs £ £ £ Other resources expended 867 43 1,032 7. INDEPENDENT EXAMINERS REMUNERATION 31.3.25 £ Remuneration 1,032 |
31.3.24 £ 8,001 35,000 500 43,501 31.3.24 £ 13,510 Direct Costs £ 89,018 31.3.24 £ 250 Totals £ 1,942 |
|---|---|---|---|---|
| 31.3.25 | 31.3.24 | |||
| £ | £ | |||
| 1,032 | 810 | |||
continued...
Page 8
THE FRIENDS OF THE WISBECH HOSPITALS
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
8. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration for the year ended 31 March 2025 (31 March 2024 £Nil).
One trustee received a gift that amounted to £50 in the year ended 31 March 2025 (31 March 2024 £76)
Trustees' expenses
The charity took out Trustee insurance which amounted to £201 (2024 £185)
Trustees' expenses in respect of postage and stationery, travelling and telephone for the year ended 31 March 2025 were paid to two trustees amounting to £369 (2024 - £378).
9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| funds | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 43,501 |
| Investment income | 13,510 |
| Other income | 55 |
| Total | 57,066 |
| EXPENDITURE ON | |
| Charitable activities | |
| Donation - Alan Hudson Day Treatment | |
| Centre | 250 |
| Provision of hospital equipment and | |
| improvements | 193,474 |
| Other | 1,621 |
| Total | 195,345 |
| NET INCOME/(EXPENDITURE) | (138,279) |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 893,710 |
| TOTAL FUNDS CARRIED FORWARD | 755,431 |
continued...
Page 9
THE FRIENDS OF THE WISBECH HOSPITALS
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
| 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 1.4.24 in funds £ £ Unrestricted funds General fund 503,958 66,105 NCH Phase 4 Development fund 251,473 (39,374) Wisbech GP Surgeries - (40,221) North Cambs Hospital - (1,323) 755,431 (14,813) TOTAL FUNDS 755,431 (14,813) Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 76,147 NCH Phase 4 Development fund - Wisbech GP Surgeries - North Cambs Hospital - 76,147 TOTAL FUNDS 76,147 |
31.3.25 £ 690 31.3.25 £ 250,000 31.3.25 £ 45,828 Transfers between funds £ (452,901) (212,099) 150,000 515,000 - - Resources expended £ (10,042) (39,374) (40,221) (1,323) (90,960) (90,960) |
||
|---|---|---|---|
continued...
Page 10
THE FRIENDS OF THE WISBECH HOSPITALS
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
13. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.4.23 £ Unrestricted funds General fund 493,710 NCH Phase 4 Development fund 400,000 893,710 TOTAL FUNDS 893,710 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 57,066 NCH Phase 4 Development fund - 57,066 TOTAL FUNDS 57,066 |
Net movement At in funds 31.3.24 £ £ 10,248 503,958 (148,527) 251,473 (138,279) 755,431 (138,279) 755,431 Resources Movement expended in funds £ £ (46,818) 10,248 (148,527) (148,527) (195,345) (138,279) (195,345) (138,279) |
At 31.3.24 £ 503,958 251,473 |
|---|---|---|
| 755,431 | ||
| 755,431 | ||
| (138,279) | ||
| (138,279) |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund NCH Phase 4 Development fund Wisbech GP Surgeries North Cambs Hospital TOTAL FUNDS |
At 1.4.23 £ 493,710 400,000 - - 893,710 893,710 |
Net movement in funds £ 76,353 (187,901) (40,221) (1,323) (153,092) (153,092) |
Transfers between funds £ (452,901) (212,099) 150,000 515,000 - - |
At 31.3.25 £ 117,162 - 109,779 513,677 |
|---|---|---|---|---|
| 740,618 | ||||
| 740,618 |
continued...
Page 11
THE FRIENDS OF THE WISBECH HOSPITALS
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
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:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 133,213 | (56,860) | 76,353 |
| NCH Phase 4 Development fund | - | (187,901) | (187,901) |
| Wisbech GP Surgeries | - | (40,221) | (40,221) |
| North Cambs Hospital | - | (1,323) | (1,323) |
| 133,213 | (286,305) | (153,092) | |
| TOTAL FUNDS | 133,213 | (286,305) | (153,092) |
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 £39,374 has been paid out. The re-development is now complete. The remaining balance of £212,099 has been transferred to the North Cambs Hospital fund set up as part of the winding up of the charity.
As part of the winding up of the Charity, the Trustees have agreed to fund various projects for the wards and departments of the North Cambs Hospital. The total amount agreed is £515,000.00. During the year £1,323 was committed to be paid out as disclosed in note 15. The remaining balance of £513,677 has not been paid and invoices have not been provided. The balance has been carried forward within the designated fund.
During the year the Trustees agreed to donate to the three Wisbech GP surgeries. It was agreed that they would allocate £50,000 to each surgery. During the year £1,417 was paid out and a further £38,804 was committed to be paid out as disclosed in note 15. The remaining balance of £109,779 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 £45,049 as follows: -
| £ | |
|---|---|
| Hoist | 799 |
| U-Step walker | 1,104 |
| Foam positioning pack & pad | 818 |
| Marsden high capacity bariatric scale | 802 |
| Coffee machine | 149 |
| EMS air flow machine | 1,250 |
| North Brink Surgery | 31,399 |
| Clarkson Surgery | 7,405 |
| North Cambs Hospital | 1,323 |
continued...
Page 12
THE FRIENDS OF THE WISBECH HOSPITALS
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
16. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
Page 13
THE FRIENDS OF THE WISBECH HOSPITALS
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
| 31.3.25 | 31.3.24 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 6,001 | 8,001 |
| Legacy | 55,433 | 35,000 |
| Memorials | 200 | 500 |
| 61,634 | 43,501 | |
| Investment income | ||
| Deposit account interest | 14,343 | 13,510 |
| Other income | ||
| Sundry sales & collections | 170 | 55 |
| Total incoming resources | 76,147 | 57,066 |
| EXPENDITURE | ||
| Charitable activities | ||
| Provision of hospital equipment & improvements | 89,018 | 193,474 |
| Grants to institutions | - | 250 |
| 89,018 | 193,724 | |
| Support costs | ||
| Management | ||
| Insurance | 201 | 185 |
| Telephone | 117 | 98 |
| Postage and stationery | 393 | 262 |
| Sundries | 50 | 155 |
| Mileage expenses | 106 | 111 |
| 867 | 811 | |
| Finance | ||
| Bank charges | 43 | - |
| Governance costs | ||
| Independent Examiner fee | 1,032 | 810 |
| Total resources expended | 90,960 | 195,345 |
| Net expenditure | (14,813) | (138,279) |
This page does not form part of the statutory financial statements
Page 14