## Friends of Holy Cross Hospital Report and Financial Statements for the Year Ended 31 December 2023 The Friends of Holy Cross Hospital is a registered charity (no: 248993) with the purpose of raising funds for use by the hospital to enhance the quality of life of its severely disabled patients. 1 ## **FRIENDS OF HOLY CROSS HOSPITAL** # **ACCOUNTS FOR THE YEAR ENDED** **31 DECEMBER 2023** INDEX |||INDEX| |---|---|---| |Page|1|Index| ||2|Reference and administrative information| ||3|Trustees’ Annual Report| ||5|Independent Examiner’s Report| ||6|Statement of Financial Activities| ||7|Balance Sheet| ||8|Notes to the Accounts| Registered charity number: 248993 2 ## **FRIENDS OF HOLY CROSS HOSPITAL** ## **REFERENCE AND ADMINISTRATIVE INFORMATION** ## **TRUSTEES** Mrs Fiona Headon Mrs Rachel Sligo-Young Mr Torquil Sligo-Young (Chairman) Mrs Marie-Claire Wilson Mrs Kristy Hill (appointed 24[th] January 2023) **SECRETARY** Mrs Susan Mitchell **TREASURER** Mrs Fiona Headon **REGISTERED CHARITY NO** 248993 **GOVERNING DOCUMENT** Objects and Rules (as amended and approved at the AGM held on 14[th] May 1996) **BANKERS** Lloyds Bank plc Petersfield Hampshire INDEPENDENT EXAMINER: T R Bailey ACA New trustees are appointed by invitation from the board of existing trustees, such appointments being ratified at the next Annual General Meeting. 3 ## **FRIENDS OF HOLY CROSS HOSPITAL** ## **TRUSTEES ANNUAL REPORT 2023** The Trustees present their report and the financial statements for the year ended 31st December 2023. The financial statements have been prepared in accordance with the accounting policies set out in Note 1 to the accounts and comply with the charity’s trust deed, the Charities Act 1993 and the Statement of Recommended Practice: Accounting and Reporting by Charities 2005. ## **Structure, governance and management** The Trust was set up in 1996. Its Objects and Rules were amended and approved by the AGM held on 2nd May 1996. The Rules require a minimum of five Trustees including the Treasurer but sets no maximum number. The existing Trustees have the power to appoint additional trustees. The Trustees normally meet between four and six times each year. ## **Objectives and activities** The objects of the Trust are to mobilise and maintain the interest of the public in the patients and to support the work of Holy Cross Hospital by means of voluntary service. Fundraising is undertaken in order to provide additional facilities and services for the benefit of the Hospital and its patients. During the period under review, the Trustees held the usual fundraising functions and raised net funds of £18,340. A key highlight of the year was the Golf Day which raised £4,394. The Trustees also organised a Tennis Tournament which raised £1,354 and our biennial Quiz night raising £2,564. Donations from other sources included £4,750 from the organisers of the Boxing Day Fun Run and a sponsored cycle ride “The Litte Lumpy” which raised £1,147. Our thanks also go to the Haslemere Quilters who kindly raised £1,500. The charity has member subscribers who contributed £3,057 over the year. The charity received total legacies of £23,063. These legacies are unrestricted and will provide the Friends with a significant and lasting ability to meet the needs of the patients. The monies will be used to fund a number of suitable requests as they present themselves, be they large or small, and in the meantime the funds will continue to be carefully invested. The Friends made grants totalling £34,228, the largest sum covering the full purchase of an pool hoist costing £17,042. This modern machine is in place and being well used to the benefit of the patients. Our usual contributions towards various activities and areas at the Hospital continued as normal. As the Friends purchased a refurbished ambulance for patients in 2020 no transfers were made to the ambulance fund but this will be built up again over the next two to four years. Much of our fundraising depends not only on the Friends themselves but also on local businesses, many of whom who provide us with regular support by way of prizes. This year we had help from Dylan’s Ice Cream, and Richard Royd of Haslemere Cellar. If members are able in turn to support these businesses it will help mark our appreciation too. ## **Reserves policy** The Trustees aim to build up a reserve to assist in the purchase of a further replacement ambulance expected to occur within the next 4 years. ## **Investment policy** At 31 December 2023 the funds of the Trust were held in an account with Lloyds Bank plc. It is intended that in future some of the funds will be transferred to an asset management company for longer term investment. 4 ## **Plans for the future** The Trust will continue to raise funds to help provide additional facilities for the hospital and looks forward to seeing all our friends and supporters in 2024. ## **Statement of Trustees' Responsibilities** The Trustees are responsible for preparing the Annual Report and accounts in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Company law requires the Trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the Trust and of the results of the Trust for that year. In preparing those accounts, the Trustees are required to select suitable accounting policies and then apply them consistently; make judgements and estimates that are reasonable and prudent; and prepare the accounts on the going concem basis unless it is inappropriate to presume that the Trust will continue in business. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Trust and to enable them to ensure that the accounts comply with the Companies Act 1985. They are also responsible for safeguarding the assets ofthe Trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. SIGNED ON BEHALF OF THE TRUSTEES Torquil Sligo-Young r,_7� _-i;;_ _**5**_ **Independent examiner's report on the accounts** _**Scctio11 :t /11dc1>e11dc11t 1:·.,m11i11cr's Ucf)ort**_ **Report to the trustees/ membcrs of** Friends ofl-loly Cross Hospital **1** 31[st ] December 2023 **Cbarity no (if any)** 248993 **On accounts for the year ended Set out on pages** 6-8 ' --------------------------[--] **-** -- -' **Respective** The charity's trustees are responsible for the preparation of the accounts. The **responsibilities of** charity's trustees consider that an audit is not required for this year under section **trustees and examiner** 144 ofthe Charities Act 2011 (the Charities Act) and !hat an independent • examination is needed . lt is my responsibility to: • examine the accounts under section 145 ofthe Charities Act, • to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) ofthe Charities Act, and • to state whether particular matters have come to my attention. **Basis ofindependent** My examination was carried out in accordance with general Directions given by the **examiner's statement**[Charity Commission. An examination includes a review ofthe accounting records ] kept by the charity and a comparison of the accounts presented with those records. lt also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the 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** In connection with my examination, no matter has come to my attention **examiner's statement** 1. wbich gives me r[e] asonable cause to believe that in, any material respect, the requirements: • • Act; andto keep accounting records in accordance with section 130 ofthe Charities • to prepare accounts which accord with the accounting records and comply with tbe accounting requirements ofthe Charities Act have not been met; or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding ofthe accounts to be reached. P 1 **Date:** June 2024 Signed:j 7--:-' **.** ßa,; 3::::::J ' **6-\.. Name:** 1 Timothy Robert Bailey **Relevant professlonal ACA quallficatlon(s) lf any** �=================================================� **Addrcss:** 5 The Mews, Dunsfold, Godalming, Surrey 1 6 ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023** |**Incoming Resources**
Voluntary income
Activities for generating funds
Lottery Grant
Legacies
Interest receivable
**Total incoming**
**resources**
**Resources expended**
Costs of generating funds
Costs of fundraising
activities
Charitable activities:
Grants Made
Ultrasound
Pool Hoist
**Total resources**
**expended**
Net (outgoing) incoming
resources before transfers
Gross transfers between
funds
**Net Movement in funds**
_Reconciliation of Funds_
Total Funds brought forward
**Total Funds carried**
**forward**|**Unrestricted Funds**
**General**
**Fund**
**2023**
**Ambulance**
**Fund**
**2023**
**Total Funds**
**2023**
**Total**
**Funds**
**2022**
**£**
**£**
**£**
**£**
3,697
-
3,697
3,997
22,751
-
22,751
18,912
-
-
-
1,430
23,063
-
23,063
204,729
21
-
21
110| |---|---| ||**49,531**
**-**
**49,531**
**229,178**| ||(472)
-
(472)
(466)
(4,411)
-
(4,411)
(5,052)
(17,186)
-
(17,186)
(13,300)
-
-
-
(26,030)
(17,042)
-
(17,042)
-| ||**(39,111)**
**-**
**(39,111)**
**(44,848)**| ||10,420
-
10,420
184,330
-
-
-
-| ||10,420
-
184,330
184,330
231,710
-
231,710
47,380| ||**242,130**
**-**
**242,130**
**231,710**| The notes on page 8 form part of these accounts. All activities are continuing. There are no gains or losses other than those recognised through the income and expenditure account. 7 ## **FRIENDS OF HOLY CROSS HOSPITAL** ## **BALANCE SHEET FOR THE YEAR ENDED 31 DECEMBER 2023** |Note
**CURRENT ASSETS**
**Cash at bank and in hand**
Current account
Treasurer’s deposit account
Debtors and prepayments
Less: Creditors
NET CURRENT ASSETS
**NET ASSETS**
**FUNDS OF THE CHARITY**
Unrestricted funds|**2023**
£
£
240,046
1,444
640
242,130
-
242,130
**242,130**
**242,130**|**2022**
£
£
268,924
1,432
685
271,040
(39,330)
231,710
**231,710**
**231,710**|**2022**
£
£
268,924
1,432
685
271,040
(39,330)
231,710
**231,710**
**231,710**| |---|---|---|---| ||||| ||||(39,330)| ||||231,710| ||||**231,710**| ||||**231,710**| The notes on page 8 form part of these accounts. These accounts were approved and authorised for issue by the trustees on 6 June 2024. On behalf of the trustees **----- Start of picture text -----**
On behalf of the trustees
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Torquil Sligo-Young (Chairman) 8 ## **FRIENDS OF HOLY CROSS HOSPITAL** ## **NOTES TO THE ACCOUNTS** ## **FOR THE YEAR ENDED 31 DECEMBER 2023** ## **1. ACCOUNTING POLICIES** The following accounting policies have been used consistently in dealing with material aspects of the Charity’s accounts. - a) Basis of accounting The accounts are prepared under the historical cost convention, and in compliance with all applicable accounting standards and the Companies Act 1985. - b) Presentation of the accounts The charity has adopted the Statement of Recommended Practice (SORP), Accounting and Reporting by Charities issued in March 2005. ## c) Voluntary income Donations and grants are included in the accounts at the date of receipt. Donations in kind are recognised in income and expenditure when the value of the donation is capable of financial measurement. ## d) Investment income Income from bank and short-term deposit interest are accounted for on an accruals basis. - e) Resources expended All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. All support costs have been allocated to the sole charitable activity. Direct costs are recognised when the third party has provided the goods or service. ## **2. TRUSTEES REMUNERATION AND EXPENSES** The trustees received no remuneration during the period (2022 £nil). Expenses in the year totalled £1,503 (2022 £1,817) which related entirely for costs in connection with fund raising activities.