FRIENDS OF ST MARY'S HOSPITAL W2 REPORT OF THE EXECUTIVE COMMirrEE AND AUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 CHARITY NO: 252665 GLAZERS CHARTERED ACCOUNTANTS 843 FINCHLEY ROAD LONDON NW118NA
FRIENDS OF ST MARY'S HOSPITAL W2 CHARrrY INFORMATION Executive Committee The Lady Jane F8llowes - Patron (Retired 1 Fébruary 2025) Dr R Rivers - President Officers Chaimian- Post vacant Miss J Winslow - Deputy Chairman Miss S Lennon- Deputy Chairman Members Mrs D Akan Mrs M Aslan (0gc8ased 30th January 2025) Mrs N Bamett Mrs M Carville Mrs M Cochrane {De¢eased 10th April 2025) Ms M R Harper Mrs L Pickley Mrs J Prendérgast Mrs M Llnford Administratlon Mrs R Bahar Sécretary Mr W Umpl8by- Treasurer Mrs M Aslan - Membership Sécrétary (Deceased 30th January 2025) harit Number 252665 Chari Offices Friends of Sl M8ry's Hospital Pra8d Street London W2 1NY Auditors Glazers 843 Finchley Road London NW11 8NA Bankers National Weskninster Bank pl¢ 69 Baker Street London W1 U 6AT
FRIENDS OF ST MARY'S HOSPITAL W2 CONTENTS PAGE Report of the Executive Committee Auditors, Report &10 Statement of Financial Activities Balance Sh8et 12 Noles to the Accounts 13-16
FRIENDS OF ST MARY'S HOSPITAL W2 ANNUAL REPORT OF THE EXECUTIVE COMMirrEE FOR THE YEAR ENDED 31 DECEMBER 2024 The Executive Committ88 presents its report for the year ended 31 December 2024 under th8 Chartti8s Act 2011, together with audited accounts for th8 year and confirm Ihat the latter comply with the requirements of the Act, the Conslilulion and the Charities SORP applicable to charities preparing thèir accounts in accordance with the Financial Reporting Standard applicabl6 in the UK and Republic of Ireland (FRS 102) {effective 1 January 2019). REFERENCE AND ADMINISTRATIVE INFORMATION The Charity was founded in 1906 and is registered with the Charity Commission under charity number 252665. The Executive Committee and principal address of the Charity are as listed on Page 1 together with particulars of the Charity's professional advisors. STRUCTURE GOVERNANCE AND MANAGEMENT The Charity is a single organisalion. The funds raised through donations, membership subscriptions and fundraising activities are used to further the Objects. Airns, Objectives and Activities of the Friends of St Mary's Hospital. W2 {Friends}. The Charity is govemed by ils constitution dating from 1906 and18st amended in June 1999. The Goveming Body is the Executive Committee. and members are elected annually at the Annual General Meeting. The members of the Executive Committee, 83 the Gharily trustees of the Charity. are legally responsible for the overall management and Control of the Friends and meet eleven times a year. The trustees who served during Ihe year were: Miss J Wlnslow and Miss Sarah Lennon - Deputy Chaimien. Mrs D Akan, Mrs M Aslan. Mrs N Barnett, Mrs M CaNllle, Mrs M Cochrane, Ms M R Harper, Mrs L Pickley, Mrs J Prendergast. and Mrs M Linford. All trustees give their time freely and no trustee remuneration was paid during the year. There were no expenses claimed by trust6és during the year. The day-to-day running of the Friends is detegated to Ihe President, assisted by a part-time secretary, and p8rt- lime treasurer. The Executive Committee is responsible for the management of the risks faced by the Friends. Detailed consid8ration of risk is delegated to the President. Risks are identified, assessed and controls eslablished, and matters requiring fomial action are reported to the ExecutlV8 Committee. In addition. the Friends compty with risk assessment procedures in force in The Imperial College Healthcare NHS Trust. As the post of Chairman has been vacant for some time, the Chairman's responsibilities as noted above have been shared amongst the Executive Committee and offir$ The Friends is constituted as an unincorporated association. Ils objects are to undertake.. (a) Any charitable work. which from time to time is shown lo be needed for the benefrt of patients and staff. (b) To raise funds and to receive contributions from any persons or organisations by way of subscription, covenant. donation or otherwise. (c) To provide facilities or equipment which may be required for the treatment of patients or for the efficient running of the Hospital and which may not be readily available through the National Health Service. (d) To provide am8nities in the Hospital for patients and slaff.
FRIENDS OF ST MARY'S HosprrAL W2 ANNUAL REPORT OF THE EXECUTIVE COMMITTEE FOR THE YEAR ENDED 31 DECEMBER 2024 OBJECTS AIMS OBJECTIVES ANO ACTIVITIES ¢ontlnued The Friends meets these objectives by receiving donations and bequests and by fundraising through an Annual Summer Fair. Christmas Bazaar. Raffle. Flag Days, Book Sales and collecting boxes throughout the Hospital and in local shops. We also have tsbles at the South East Bayswater Summer Fair. the Little Venice Canal Cavalcade and sell Christmas Cards at the German YMCA Christmas Markel and at St James's Church. Departments and Wards in the Hospital are invited to submit bids for grants, which are considered by the Executive Committee at their regular meetings. Each year Departments are also invited to submit bids for the Special Project. The former Friends Shop premises were taken over by the Trust and our stsff transferred under the TUPE ITr8nsf8r of Undertakings. Protection of Employment) Regulations in December 2020. and the Café was similarly taken over in July 2021 and staff TUPEd. just leaving the part-time Secretary and Treasurer on the Friends payroll. The Westem Eye klosk has remained closed. The members of the Executive Committee have referred to the Charity Commission's guidance on public benefft when reviewing the Charity's aim and objectives and planning fulure activities. The Friends of St Mary's Hospital does not use professional fundraisers for any of ils fundraising activities. nor has it or its voluntary fundraisers been subject to any undertaking to be bound by any scheme, except when Flag Days are held on Rail Slalions, when their code of conduct is followed. No complaints were received by the Friends or by our volunleers concerning our fundraising activities. REVIEW OF ACHIEVEMENT AND PERFORMANCE FOR THE YEAR 2024 was another difficult year for the Friends with no sales outlets at the Hospital, following the closure of our Shop, Out-Patl8nl Café and Western Eye kiosk during the coronavirus pandemic and not being pemitted to reopen them. We continued lo receive membership subscriptions and donations, and held our annual sumffler fair. bazaar and raffle and sold Christmas Cards and some memorabilia items. FINANCIAL REVIEW AND RESULTS FOR THE YEAR Gross income from the Friends Café Account (card receipts) during the year amounted to £4.448 (2023.. £4,501 }. Other indirect costs amounted to £883 {2023-. £697). with direct costs (purchases of goods to sell) £nil (2023.. £1,407). Support and administration costs including salaries amounted to £33,195 (2023.. £29.628), salary & pension costs amounted to £20,815 {2023'. £19.077). Income from Subscriptions tolalled £580 12023: £665), from 2007, on the advi of the VAT office, where Friends have paid more than the suggested minimum rate of £10, the èxcess has been recorded as a donation in 2024 these amounted to £1,512 (2023.. £1,757). Collection boxes around the Hospital and in local shops, bank and pubs ralsed a total of £521 (2023.. £4261, Th8 Bazaar and the raffle raised £6,647 (2023.. £7,618}, Book and ¢ake sales £1,956 (2023: £1,443). Flag days raised £261 12023.. £275). Christmas card sales raised £2.001 (2023.. £1.4871.
FRIENDS OF ST MARY'S HOSPITAL W2 ANNUAL REPORT OF THE EXECUTIVE COMMITTEE FOR THE YEAR ENDED 31 DECEMBER 2024 FINANCIAL REVIEW AND RESULTS FOR THE YEAR contlnuod During Ihe year £4,283 (2023.. £109) has been received through Jusl Giving from individual donors and sponsored events by grateful patients of the hospital and their friends and families. We are very grateful for all donations. including the following.. £1,750 Knight Frank (Bazaar Donation) £1.000 GMS Estates (Raffle Prize) £1,000 Bayswater Residents Association The Executiva Cornmitte8 approved the following grants during 2024= £18.480 Albert and Valentine Ellis Ward Therapy Bikes £968 Great Western Ward Equipment £1.142 Albert Ward Dementia Therapy £300 Paediatric Audiology Toys £400 A&E Department Commodes The following recurring gifts and grants wer8 approved in 2024; however m05t were not able to bo used, and have been Caled over to 2025: £2,960 £1,000 £1,000 £250 £2.800 £600 £100 Chapel Music Christmas Gifts for Patients Christmas Ward Festivities and Decorations Porters and Security Staff, etc. Graluilies Music in Hospilals (24 Concerts) Remembrance Service for Babies {PrinlinglRefreshmentsl Wool for Home Knitters The balance in the General (unrestr¢cted) Funds at 1 January 2024 was £94,583. During th6 year, total incomè for Genèral lunrestrictedl Funds amounted lo £73.912 compared to total expenditure of £57.582 leaving a cary forward balance of £110,913. The lotsl carried forward in Reslricled Funds was £12.028. Funds nol required for immediate use are held in a Post Office National Savings Investment Account. Other funds are held in Current Accounts linked to Business Reserve Accounts al the National Weslminster Bank. RESERVES POLICY During 2024 the balance in the unrestricted funds increased to £110,913, the tsvo months figure for unrestricled charitable expenditure has reduced considerably. The trustees aim to maintain free reserves in unrestricted funds which equate to approxifflately two months of unrestricted charitable expenditure. The trustees consider that this level will provide sufficient funds to respond to applications for grants and ensure that support and governance costs are covered.
FRIENDS OF ST MARY'S HOSPITAL W2 ANNUAL REPORT OF THE EXECUTIVE COMMITTEE FOR THE YEAR ENDED 31 DECEMBER 2024 FUTURE PLANS AND PRINCIPAL RISKS The NHS Trust c105ed our Shop and Out-patient Café. along with the Western Eye kiosk and Paterson Wing Trolley in 2020. It 15 clear that we will be unable to restart these reiail outlets, bLJt we are still hoping to be granted space in which lo sell mainly non-food items, including a click and collect service for memorabilia, etc. so that we can re-gstablish a presence in the Hospitals and increase our fundraising potential. We continue to hold weekly book and memorabilia sales inside the QEQM Wing and trust that this will continue and will hold our Summer Fair and Christmas Bazaar again in 2025. The Imperial College Healthcare NHS Trust continues to review its service provision and use of building5 across the St. Mary's, Western Eye, Hammersmith. Charing Cross and Queen Charlotte's siles. bul the Friends of the constituent Hospitals have all agreed that they should remain separate bodies while maintaining close links The recruitment of volunteers is dealt with through the Imperial Health Charity, and we are hopefvl that when we are able to open a non-food outlet. we will be able to recruit volunteers through them again. We have resumed advertising for grant applications for support. RETIREMENT OF OUR PATRON LADY JANE FELLOWES It is with regret, but much gratitude for her 40 years of service, that we report the retirement of our Patron, Lady Jane Fellowes on 1 Lil February 2025. Sh8 will be greally missed for her support and dir8cI Involvement of our many a¢livilies over these many years. She leaves wilh our very best wishes. STATEMENT OF EXECUTIVE COMMITTEE RESPONSIBILITIES The Executive Committee are requlred under the constilsjlion of the charity to prepare financial statements in acrdanCe with applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the Executive Committee to prepare financial stalemenls for each financial year which give a true and fair view of the slate of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing those financial statements the Executive Committee are required to.. - (al select suitable accounting policies and apply them consistently. (bl observe the methods and principles in the Charities SORP 2019 {FRS 1021., (cl make judgetnenls and estimates that are reasonable and prudent. {dl slate whether applicable accounling standards have been followed, subject to any material departure5 disclosed and explained in the financial ststements. {e) prepare the financial statements on a going concem basis unless il is inappropriate to presume that the charily will continue in operation. The Executive Committee are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the conslitution. They are also responsible for safeguarding the ass8ls of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
FRIENDS OF ST MARY'S HOSPITAL W2 ANNUAL REPORT OF THE EXECUTIVE COMMITTEE FOR THE YEAR ENDED 31 DECEMBER 2024 STATEMENT OF DISCLOSURE TO AUDrroRS So far as the Trustees are aware, there is no relevant audit infomiation of which the Charity's auditors are unaware. Addilionally. Trustees have taken all the necessary steps thal they ought to have taken as Trustees in order to make themselves aware of all relevant audit infomiation and trj establish that the charity's auditors are aware of that information. APPROVAL This report was approved by the Executive Committee on the date shown below and signed on their behalf by:_ J Winslow - Deputy Chairman Mr C W Umpleby- reasLL lo Date.,..
INDEPENDENT AUDITORS, REPORT TO THE EXECUTIVE cOMMIEE OF THE FRIENDS OF ST MARY'S HOSPITAL W2 Oplnlon We have audited the financial statements of The Friends of St. Mary's Hospital W2 (the 'charity') for the year ended 31 December 2024 which comprise th6 statément of financial activities, the balance sheet and notes to the financial statements. including significant accounting FlIcies. The financial reporting framework that has been applied in Iheir preparation is applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements= -give a true and fair view of the state of the charity's affairs as at 31 December 2024 and of its incoming resources and application of resources for the year then ended. -have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice- and -have been prepared in accordance with the Charities Act 2011. Basls for opinion We conducted our audit in accordance with Intemational Standards on Auditing {UKI (ISAS {UK)l and applicable law. Our SponSibl11t1eS under those standards are further described in the Auditor's responsibilities for the audit of the financial stalemenls section of our report. We are independent of the charity in accordancé with the ethical requirements that are relevant to our audit of the financial statements in the UK. including the FRC'S Ethical standard. and we have fuffilled our other ethical responsibilities in accordance wilh these requirements. We belleve that the audit evidence we have obtained is sufficient and appropriate to provide basis for our opinion. Concluslons relatlng to golng ¢on¢om In auditing the financial statem8nts, wè have concluded that the use of the going concern basis of a¢wunting in the preparation of the financial statements is appropriate. Based on the work we have perfomed, we have not Identified any material uncertainties relating lo events or conditions that, individually or collectively, may cast significant doubt on the charily's ability to continue as a going concem for a period of at least e1ve monihs from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Executive Committee with respect to going concem are described in the relevant section of this report. Other Inforniatlon The other infomiation comprises the information included in thé annual report, other than the financial statements and our auditor's report thereon. The Executive Committee is responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any fom of assurance conclusion thereon. Our responsibility is to read information and, in doing so, consider whether the other information is materially inconsistent with the financial statement5, or our knowledge obtained in the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements. we are required to determine whether there gives rise to a material misstatement in the financial statemants themselves. If, based on the work we have p8rft)rmed, we conclude that there is a material misstalemenl of this other information, we are required to report that fact. We have nothing to report in this regard. Matters on whl¢h wo are required to report by exceptlon We have nothing to report in respect of the following matters in relation to which the Charities {Accounts and Reports) Regulations 2008 requires us to report to you rf, in our opinion: the infomation given in the Annual Report of the Executive Commlttee is incon515tsnt in any material respect with the financlal statèments- or sufficient accounting records have nol been kepl; or the financial statements ar6 not in agreement with the accounting records: or we have not received all the information and explanations w8 require for our audit.
INDEPENDENT AUDrroRS' REPORT CONTINUED TO THE EXECUTIVE COMMITTEE OF THE FRIENDS OF ST MARY'S HOSPITAL W2 Responslblllties of the Exocutlvo Commlttoè As described more fully in the statement of the Executive Committee responsibilities, the Executive Committee are responsible for the preparation of financial statements and for being satisfied that they give a true and fair view, and for such intemal control as the Executive Committee determines is necessary to enable th8 preparation of financial statements that are free from material misstatement. whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing as applicable, matters related to going concem and using the going concern basis of accounting unless the Executive Committee either intend to cease operations, or have no realistic altemative but to do so. Auditoffs responsibilities for the audit of the financial staiements We have been appointed as auditors under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obiain reasonable assurance about whether the financial statements as a whole are free from material misstatement. whether due to fraud or error. and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatemenl when it exists. Misstatements Can arise from fraud or error and are considered material if, individualty or in the aggregate. they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial ststements. The extent to which our procedures are capable of detecting irregularities. including fraud, is detailed below. Irregularities, including fraud. are instances of non-compliance with laws and regulations. We design procedures in Ilne wlth our sponSIbl1111es, outlinèd above, to detect material misstateménls in respect of irregularities, including fraud. The exient to which our procedures are capable of detectlng Irregularities, including fraud. is detailed b810w. We gained an understanding of the legal and regulatory framework applicable to the charity. and considered the risk of acts by the charity that were contrary to applicable laws and regulations. including fraud. We designed audii procedures to respond to the risk. recognising thal the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulling from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion. We focussed on law and regulations which could give rise to material misstatements in Ihe financial statements. including, but not limited to, the Charilies Act 2011. Our lests included agreeing the financial statements disclosures to underlying supporting documentation and enquiries with management. There are inherenl limitations in the audit procedures described above and. the further removed non-compliance with laws and regulations is from the events and transactions refiectsd in the financial slalementS, the less likeSy we would become aware of it. We did not identify any key audit matters relating to irregularities, including fraud. As in all our audits, we also addressed the risk of management override of internal controls, including testing journa15 and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: http'.Ilwww.frc.org.uklauditorsresponcibilities. This description forms part of our audiior's report.
INDEPENDENT AUDITORS, REPORT CONTINUED TO THE EXECUTIVE COMMITTEE OF THE FRIENDS OF ST MARY'S HOSPITAL W2 Other matters Your attention is drawn to the fact that the charity has prepared financlal statements in accordance wlth "Accounting and Reporting by Charites: 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)" las amended) in preference to the Accounting ar Reportiro by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extent regulations but has now been withdrawn. This has been done in order for the financial statements to provide a true and fair view in accordance with current Generally Accepted Accounting Practice. Use of our report This report Is made solely to the charty's Executive Committee. as a body, in accordance with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so Ihat we might state to the Executive Committee those matters we are required to state to them in an auditoff s report and for no other purpose. To the fullest extent pemiitted by law. we do not accept or assume responsibilty to anyone other than the charity and the charity's Executive Committee as a body. for our audit work, for this report. or for the opinions we have formed. Glazers Statutory Auditor 843 Flnchley Road London NW118NA Date: .. Ji.l.i. j Glazers is eligible to act as an auditor in terms of Section 1212 of the Companiés Act 2006. -10-
FRIENDS OF ST MARY'S HOSPITAL W2 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 General Funds Restricted Funds Total Totsl Notes Income Voluntary Income.. . Donations. gifts and legacies Subscriptions Income from charitable activities.. _ - Gross income from s6NIC8S Fundraising ventures Investment income Total income 53,485 580 53,485 580 29,376 665 121 4,448 13,838 1,561 73,912 4,448 13.838 1.561 73.912 4.501 9.716 1.876 46,134 Ex endilure.. Costs of generaling funds.. General fund- Direct Costs of services - Direct Indirect Charitable &xpenditure.' Gifts, grants and research advances Support and administration costs.. -Net cost offurloughed Shop and Café Staff Other support and administration costs 4.778 4,778 7,397 1,407 697 12) {2) 883 883 131 18,728 18.726 35.302 141 141 33.195 33,195 29,628 Total ex enditure 57.582 57,582 74.431 nt in funds 16,330 16,330 128.2971 Total funds bld. Total funds ¢d. 94,583 110,913 106,611 122,941 134,908 106,611 12,028
FRIENDS OF ST MARY'S HOSPITAL W2 BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Notes FIXED ASSETS Tangible Fixed Assets Investments (6} {7) 22.436 22.443 22.664 CURRENT ASSETS Stocks Debtors Cash at Bank and In Hand {8) {9) 3,242 344 105.966 109,552 93.939 95,084 Current Liabilities {10} 9,275 100,277 84,168 A sets Less Curr8nt Liabllltles 122,941 106611 Fund of the Chari General Funds Restricted funds {1.8) (1.8. 5) (111 110,913 12.028 94.583 12.028 122.941 106,611 The accounts s8t out on the attached pages were approved by the Executive Committee of Friends of St Mary's Hospital and signed on their behalf by'.- J Winslow - Deputy Chaimian Mr C W Umpleby- Tre urer /,,/if- -12-
FRIENDS OF ST MARY'S HOSPITAL W2 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountin licies 1.1 Accountin convention The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated. The accounts have been prepared in accordance wilh applicable accounting standards. the Statemenl of Recommended Practice, "Accounting and Reporting by Charities" applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) {effective 1 January 2019). 1.2 Goin Concem The financial statements have been prepared on going concem basis, at the time of approving the financial statements, the Executs've Comfflittee have a reasonable expectation that the charity will have adequate resources to continue in the foreseeable future as fully explained in reserve policy note on page 5. 11 is clear that we will be unable to restart our Shop. Café, and kiosks, but we are hoping to be granted space in which to sell non-food items. includin9 a click and collect service for memorabilia, etc., so that we Can re-estsblish a daily presence in the Hospitals and increase our fundraising potential. We continu8 lo receive membership subscriptions, donations and oexasional legacies and have started to advertise for applications for grants from wards and departments at the Hospital. 1.3 Fixed Assets All tangible fixed assets are for use by the charity, held within Ihe UK, and are staled at cost less depreciation. Depreciation is provided at rates calculated to writ8 off the cost or valuation of fixed assels, less their estimated residual value, over their expected useful lives on the following bases.. Fixtures. fittings & equipment- 25% pa on reducing balance basis Hospital Shop 10 % pa on straight line basis {i.e. over 10 years) Quoted Investments are stated at market value. 1.4 Income Voluntary income and donations are accounted for as received by the charity- The income from fundraising ventures and services is shown gross. with the associated costs relating to the latter, included in service costs. Investfflent income is accounted for in the period in which the charity is entitled to receipt. 1.5 Ex enditure Expenditure is included on an accrual basis and has been classified undèr hèadings which aggregaie all costs relating to thal category. 1.6 Slock stocks of g¢)ods for resale by the General Fund and Services are included In th8 accounts at th@ lower of cost and net realisable value. 1.7 Investments Inv8stm8nts are stated at market value at the balance sheet date. The SOFA includes the net gains and losses arising on revaluations and disposals throughoul the year. -13-
FRIENDS OF ST MARY'S HOSPITAL W2 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 cont....... 1.8 Fund accountin General funds are unreslricled funds which are available for use at Ihe discretion of the trustees in furtherance of the general objectives of the charity and whlch have not been designated for other purposp.s. In respect of this. Th@ Execullve Committee are of the opinion that it Is piudenl lo sel aside a provision. out of unreslrlcted funds, in respect of closure costs and other unfor8segn liabilities. They consider that the balance of unrestricted funds available should be sufficient for this. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial ststements. Inve51ment income and gains are allocated to the appropriate fund. 2. Services Friends Café Account Total Sales Direct Expenses 4.448 4,448 4,448 883 4.448 883 Indirect Expenses Surplusl{deficit) for year, excluding Investrnent Income 3,565 3.565 The stsff costs for the year amounted to £20.815 (2023.. £19,077). The average number of full time and part time employees was 2 (2023.. 2). The staff are paid by the NHS Trusl. and the charity is invoiced monthly with the cost. The Charity did not pay more than £60.000 for any on8 8mployee. 3. Gifts and Grants Details of gifts and grants awarded during the year are as detsiled in the report of the Executiv6 C¢)mmittee. 4.su rt and administration Costs 2024 2023 Salaries and pensio Printing. postage. stationery and telephone Bank charges Insurance Accountancy and audit Other administration costs 20.815 752 395 503 6.505 4.225 33.195 19.077 944 1,025 6.500 1.696 29,628 5. Movements in R stricted Funds Balance 1.1.24 Investment Income anc Income Out oin 31.12.24 Sundry legacies and Ward funds held 12,028 12.028 Restricted funds are represented by investments and funds held at bank as at 31.12.24. -14-
FRIENDS OF ST MARY'S HOSPITAL W2 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 cont. ...... 6. Tan ible Fixed Assets Fixtures Fittin Cost At 1 January 2024 Write off At 31 December 2024 55,217 49.802 5,415 Depreciation At 1 January 2024 Write off Charge for the year At 31 December 2024 55,210 (49,802) 5,412 Net Book Value At 31 December 2024 At 31 Dernber 2024 2024 2023 7. Inv Post Office Investment Account 22.661 22,661 22.436 22,436 8. Stocks Stocks comprise goods for resale at'.- General Fund (Christmas Cards) 3,242 801 3.242 801 9. Debtors Other debtors {prepayments and legacies receivable) 344 10. Creditors fallin due withln one ear Other creditors and accruals 9,275 9,275 10,916 10,916 -15-
FRIENDS OF ST MARY'S HOSPITAL W2 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 cont.......... 11. Reconciliation of Movement on Funds for the ear 2024 2023 GENERAL FUND Balance at 1.1.24 161.509 192.400 Less: Excess of income over expenditure after transfers from other funds 12,477 30.891 173,986 161.509 FRIENDS CAFÉ FUND A Balance al 1.1.24 Add.. Excess of Income over expendilure OUNT {41,758) 3,748 (38,010) (44,504) 2,746 (41,758) Less.. Transfer to General Fund (38,010> (41,7581 HOSPITAL SHOP FUND ACCOUNT Balance at 1.1.24 Add.. Excess of income over expendiiure 116.232) 66 (16,166) 116,0471 185 116,232) Less.. Transfer to General Fund (16.1661 {16.232> ESTERN EYE H UND ACCOUN Balance at 1.1.24 Add: Exc8ss of inwme over expenditure PITAL - TEA BA 3,092 39 3,131 3.059 33 3,092 Less.. Transfer to General Fund 3,131 3.092 106,611 12. Members Remuneralion Thé mémbers nèlther received nor waived any emoluments during the year12023= £NIL). -16-