**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: 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 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