2023-03-31-accounts - The Friends of Whitstable Healthcare

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REGISTERED CHARITY NUMBER: 233828

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

FRIENDS OF WHITSTABLE HOSPITAL AND HEALTHCARE

CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 March 2023

	Page
Report of the Trustees	1
Statement of Financial Activities	3
Statement of Financial Position	4
Notes to the Financial Statements	5
Report of the Independent Accountants	9
Income and Expenditure Account	10

FRIENDS OF WHITSTABLE HOSPITAL AND HEALTHCARE

REPORT OF THE TRUSTEES for the Year Ended 31 March 2023

The trustees present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have the 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 2015).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The purpose of the charity is to provide support to the Whitstable and Tankerton Hospital and to provide support for medical care in health centres and in the community of Whitstable and the surrounding area.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The charity’s income is derived from fund raising activities and from gifts. During the year, equipment donations totalling £35,153 (2022: £74,386) were made.

FINANCIAL REVIEW

Reserves Policy

It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level which equates to approximately six months unrestricted expenditure. This provides sufficient funds to cover management and administration and support costs and to respond to emergency applications for support which may arise from time to time. Funds were maintained at this level throughout the year.

Surplus funds, although not restricted, are being retained to meet future unspecified major projects within the scope of the charity’s activities.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.

Charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that period. In preparing those financial statements, the trustees have:

Selected suitable accounting policies and then applied them consistently;
Made judgements and estimates that are reasonable and prudent;
Stated whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
Prepared the financial statements on the going concern basis.

The trustees have overall responsibility for ensuring that the charity has appropriate system of controls, financial and otherwise. They are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

233828

Principal address

Whitstable and Tankerton Hospital Northwood Road Whitstable Kent CT5 2HN

Page 1

FRIENDS OF WHITSTABLE HOSPITAL AND HEALTHCARE

REPORT OF THE TRUSTEES for the Year Ended 31 March 2023

REFERENCE AND ADMINISTRATIVE DETAILS (continued) Trustees

Mrs G Baker (Chairman) Mrs M E Ahern (Vice Chairman) Ms A L Buck (Secretary) Mrs P Callis Mrs L Doyle Mrs B Tilley Mrs S Aldous – resigned 18.10.22 Mrs C Nelson – appointed 18.10.22

Independent examiner

Hilary Adams Ltd Chartered Accountants 158 High Street Herne Bay Kent CT6 5NP Approved by the board of trustees on and signed on its behalf by:

Mrs G Baker (Chairman) – Trustee

Page 2

FRIENDS OF WHITSTABLE HOSPITAL AND HEALTHCARE

STATEMENT OF FINANCIAL ACTIVITIES (including Income and Expenditure Account) for the Year Ended 31 March 2023

Funds 2023 Notes £ Incoming resources: Voluntary income: Donations & legacies 44,543 Investment income 2 27 Dividends received 8,649 Activities for generating funds: Fundraising income 3 15,082 Incoming resources from charitable activities: Subscriptions 857 Income tax recovered - Total incoming resources 69,158 Resources expended Costs of generating funds: Raising funds 7,510 Charitable activities 41,960 Total resources expended 4 49,470 STATEMENT OF TOTAL RECOGNISED GAINS AND LOSSES Net incoming resources before other recognised gains (net income for the year) 19,688 Other recognised gains Gain/(loss) on revaluation of investments (24,860) Net movement in funds (5,172) Total funds brought forward 448,288 Total funds carried forward 10 443,116 Unrestricted	Restricted Funds 2023 £ - - - - - - - - - - - - - - -	Total Funds 2023 £ 44,543 27 8,649 15,082 857 - 69,158 7,510 41,960 49,470 19,688 (24,860) (5,172) 448,288 443,116	Total Funds 2022 £ 5,115 5 8,824 2,459 320 570
			17,293
			1,748 80,441
			82,189
			(64,896) 18,142
			(46,754) 495,042
			448,288

Movements in funds are disclosed in Note 10 to the financial statements.

The notes form part of these financial statements

Page 3

FRIENDS OF WHITSTABLE HOSPITAL AND HEALTHCARE

STATEMENT OF FINANCIAL POSITION for the Year Ended 31 March 2023

Notes FIXED ASSETS Tangible Assets 7 Investments 8 CURRENT ASSETS Cash at bank and in hand CREDITORS Amounts falling due within one year 9 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES FUNDS Unrestricted funds 10	31.3.23 £ 93,137 (1,102)	£ 200 350,881 351,081 92,035 443,116 443,116 443,116	31.3.22 £ 28,216 (840)	£ - 420,912 420,912 27,376
				448,288
				448,288
				448,288

The charity is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the charity to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for:

(a) ensuring that the charity keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared in accordance with Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” and the Companies Act 2006.

The financial statements were approved by the board of trustees on ............................................. and were signed on its behalf by:

............................................................ Mrs G Baker (Chairman) – Trustee

Page 4

FRIENDS OF WHITSTABLE HOSPITAL AND HEALTHCARE

NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 March 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention with the exception of investments which are included at market value.

Financial Reporting Standard Number 1

Exemption has been taken from preparing a cash flow statement on the grounds that the charity qualifies as a small charity.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectivities of the charity.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.

Incoming resources

All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

Grants and contract funding payments are recognised when receivable;
Investment income is included when receivable.

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes VAT and is reported as part of the expenditure to which it relates:

Costs of generating funds comprise the costs associated with both the costs of attracting the income and those of providing the facilities to generate the income.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

2. INVESTMENT INCOME

Investment income FUNDRAISING INCOME Fundraising events Collection boxes Estuary view café	31.3.23 £ 27 27 31.3.23 £ 3,631 696 10,755 15,082	31.3.22 £ 5
		5
		31.3.22 £ 2,383 29 47
		2,459

3.	FUNDRAISING INCOME Fundraising events Collection boxes Estuary view café

Page 5

continued…

FRIENDS OF WHITSTABLE HOSPITAL AND HEALTHCARE

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2023

4. TOTAL RESOURCES EXPENDED

Basis of allocation Costs directly allocated to activities Other fundraising Direct Estuary view café Direct Support costs allocated to activities Affiliation fees & insurance Usage AGM costs Usage Accountancy Usage Bank charges Usage Equipment donated Usage Newspapers Usage Portfolio fees Usage Depreciation Usage Other Usage Total resources expended	Charitable activities 2023 Total £ £ 2,067 2,067 5,443 5,443 840 840 120 120 888 888 259 259 35,153 35,153 645 645 3,846 3,846 99 99 110 110 49,470 49,470	2022 Total £ 1,139 609 - 100 840 125 74,386 492 4,409 - 89
		82,189

Page 6

continued...

FRIENDS OF WHITSTABLE HOSPITAL AND HEALTHCARE

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2023

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.

Trustees’ Expenses

During the year, the following trustees were reimbursed expenses: Mrs A Buck £37.99 Mrs L Doyle £4,321.25 Mrs S Aldous £509.61

6. TAXATION

As a charity Friends of Whitstable Hospital and Healthcare is exempt from tax on income and gains falling within section 505 Of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the Charity.

7. TANGIBLE ASSETS

TANGIBLE ASSETS
	Plant and
	machinery etc.
	£
COST OR VALUATION
At 1 April 2022	-
Additions	299
At 31 March 2023	299
DEPRECIATION
At 1 April 2022	-
Charge for year	99
At 31 March 2023	99
NET BOOK VALUE
At 31 March 2023	200
At 31 March 2022	-

8. FIXED ASSET INVESTMENTS

FIXED ASSET INVESTMENTS
	Other
	investments
	£
COST OR VALUATION
At 1 April 2022	420,912
Disposals	(50,000)
Revaluations	(20,031)
At 31 March 2023	350,881
NET BOOK VALUE
At 31 March 2023	350,881
At 31 March 2022	420,912

Page 7

continued…

FRIENDS OF WHITSTABLE HOSPITAL AND HEALTHCARE

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2023

8. FIXED ASSET INVESTMENTS (continued)

Cost or valuation at 31 March 2023 is represented by:

		Other
		investments
		£
Valuation in	2023	350,881

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23 £ Other creditors 1,102	31.3.22 £ 840

10. MOVEMENT IN FUNDS

MOVEMENT IN FUNDS
		Net
		movement
	At 1.4.22	in funds	At 31.3.23
	£	£	£
Unrestricted funds
General fund	448,288	(5,172)	443,116
TOTAL FUNDS	448,288	(5,172)	443,116

Net movement in funds, included in the above are as follows:

Incoming resources Resources expended £ £ Unrestricted funds General fund 69,158 (49,470) TOTAL FUNDS 69,158 (49,470)	Other losses Movement in funds £ £ (24,860) (5,172) (24,860) (5,172)

11. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2023 or 31 March 2022.

Page 8

CHARTERED ACCOUNTANTS' INDEPENDENT EXAMINER’S REPORT TO THE BOARD OF TRUSTEES ON THE UNAUDITED FINANCIAL STATEMENTS OF FRIENDS OF WHITSTABLE HOSPITAL AND HEALTHCARE

We report on the accounts of the company for the year ended 31 March 2023, which are set out on pages 3 to 8.

Respective responsibilities of trustees and examiner

The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. Having satisfied ourselves that the charity is not subject to audit under company law and is eligible for independent examination, it is our responsibility to:

examine the accounts under section 145 of the 2011 Act;
to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
to state whether particular matters have come to our attention.

Basis of independent examiner’s report

Our examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with our examination, no matter has come to our attention:

(1) which gives us reasonable cause to believe that in any material respect the requirements:

to keep accounting records in accordance with section 386 of the Companies Act 2006; and
to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met; or

(2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Hilary Adams Ltd Chartered Accountants 158 High Street Herne Bay Kent CT6 5NP

Date: ............................................

This page does not form part of the statutory financial statements Page 9

Friends of Whitstable Hospital and Healthcare Detailed Income and Expenditure Account For The Year Ended 31 March 2023

2023 £ £ 44,543 696 3,631 10,755 857 - 27 8,649 69,158 2,067 5,443 (7,510) 840 888 3,846 259 38 120 35,153 72 99 645 (41,960) (24,860) (5,172)	2023 £ £ 44,543 696 3,631 10,755 857 - 27 8,649 69,158 2,067 5,443 (7,510) 840 888 3,846 259 38 120 35,153 72 99 645 (41,960) (24,860) (5,172)	2022 £ £ 5,115 29 2,383 47 320 570 5 8,824 17,293 1,139 609 (1,748) - 840 4,409 125 89 100 74,386 - - 492 (80,441) 18,142 (46,754)	2022 £ £ 5,115 29 2,383 47 320 570 5 8,824 17,293 1,139 609 (1,748) - 840 4,409 125 89 100 74,386 - - 492 (80,441) 18,142 (46,754)
	69,158 (7,510) (41,960) (24,860)
840 888 3,846 259 38 120 35,153 72 99 645		- 840 4,409 125 89 100 74,386 - - 492

	(5,172)		(46,754)

This page does not form part of the statutory financial statements Page 10