MOUNT VERNON HOSPITAL COMFORTS FUND Registered number 254331 Financial Statements Year endin9 31st March 2024
IAouKf VERNON HosprrAL COMFORTts FUND Reglsltred Mllnber 254331 FINANCIAL STATEMEKrs YEAR ENDED 31•t MARCH 2024 Trustees annual report Independent examiner's report to the trustees Statement of financial activities Balance sheet Notes to the financial statements 8-10 The tnistees and off icers who served the Charity during the period were:_ Mr R. Elkeles: Chairnmn Mr A Newell: Hon Treasurer Miss G Andrew Ms C Burland Mr S Kanabar Mr J Laycock Ms A Norman Mrs L Alm¢)nd: Administrator
k•Jist¢rY 254331 Yev en 31tt 2024 The fund's objectives are to raise money to provide the patients ¢md staff of Mount Vernon Hospital with equipment and services at the Hospital to benefit patient experiences and outcomes. The Comforts Fund operates a shop, which provides a v(wiety of soft drinks. confectionery, toiletries, Mvelties. newspw and Slatiorw to patients, Sfaff and visitors. The Fund also operates a 'Look in. centre which sells domted goods. ninlY clothes and bric-a-brac. There is also a well-used Bookshop adiacent to the Shop. and o¢cupatDonal therapy aids are Thxv on sale in response to dern from patients visitirrfJ the Site. We operated a Trolley seryice thwh most of the year to Words and outpatient Waiti areos (Jro the hospital. but due to declinirg numbers of volunteers had to discontiNe the service in Alarch 2024. The current year has seen further improvement in the tirrn>ver in the three outlets that have operated throughout the year. The Shop. Bookshop aNI Look In shop. The surplus and hrnover in these three outlets exceeded comFrable wfornwnce for the l¢tsf full year pre-covid 2019/20 in both of the last two tradin9 years. This is encouragiry. but the loss of the Radiotherapy Tea Bar on a perffwnt bosis is a blow as pre-covid this contributed ann1 siryluS in excess of £20k per annum. All the operatirvj outlets were risk assessed to ensire we could operate safely within the Government guidelines. Our total sales improved ¢M the previous year to £92.131 (2023 £79.329) the Look In shop exceeded sales for 2020 (the lasr pre-covid year) by 21%, the Shop was n ahead of the last year pre-covid and the BkshOP achieved 88% of the sales levels achieved in 2020. The overall sales Tere ¢Jrou1 68% of our 2020 sales. largely ref lecting the closwre of the Radiotherapy Tea Bar. which the Trustees consider to be a good PerfOrnnCe in the circumstances. The grants approved by the Fund to dePartThs at Mount VerrN Hospital in the year were £51,036. This reIted in a pl11 of commitments at the year-end of £32.697 (£35561 in 2023). The outlook for ow operations remains ltive and the Tnjstees Kld like to thank all our volunteers for their tireless efforts arKt loyalty. The Charity is confident that
it continues to hove a useful future at Mount Vernon Hospital. Flnanclal revlew The activities of the fund continue to improve with Soles Turnover up by 16% on the year at £92,131 (2023 £79,328) and Surplus from Trading activities up by 1070 on the year at £57,120 (2023 £52.079). This was a si9nificant achievement with a surplus before grants of £60.768 (2023 £53.693). Amounts requested by the Hospital staff durin9 the year led to gross awards of £51,036 although after Cfmcellations of prior year awards that lapsed this became net awards of £22.456 expensed in the year and outsttThdin9 commitments at the year-end of £32.697 (2023 £35.561) beirg approved for investment in new P4uipment and facilities. The overall impact of these activities was a surplus on the Statement of Financial Activities for the year of £38.312 (2023 £72,9TI) reflectin9 a solid underlying f irncIal performance. The Trustees continue to work constructively with the Hospital authorities to identify opportunities to invest in improvin9 the facilities on the Mount Vernon Hospital site. Pollcy on reserves The Fund's policy on reserves is to retain sufficient working capital to operate its activities efficientty and meet its on90in9 obligations in the ent of unforeseeable interruption to its activities. In current circumstances it is considered this could be met by the retention of £50.000 in occumulated unrestricted reserves. Our reserves comfortably exceed our minimum requirement and places the Fund in a stron9 Posltion to weather the headwinds facing the UK economy. Trustee Board The Trustee Board has been stable through the year with no char¢Jes in the 8oard compositio Responslbllltles of the Trustees Law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year. Under the law the trustees have elected to prepare the f imncial thatements in accordance with United Kingdom Generally Accepted Accountin9 Practice (United Kin9dom Accounting Standards and applicable law). The f inancial statements are required to give a true and fair view of the State of affairs of the charity and of the surplus or def icit of the charity for that period. In preparing these statements, the trustees are required to:_ "select suitable accountin9 policies and then apply them consistently. . make judgements and estimates th(rt are reosonable ond prudent." "prepare the financial statements on the going concern basis unless it is
inappropriate to presume tkn the charity will continue in operation. The trustees are responsible for keepiry proper accounting records which disclose with reasonable accuracy at any time the fiTh]ncial position of the charity and which ernble them to ensure that the finala1 thatements comply with the tharities Act 2011. The trusrees are also responsible for safe9thin9 the ¢]ssets of the charity and hence for takirvj reasonable steps for the prevention and detection of fraud and other irregularities. A resolution to re-appoint Mrs Ilarret Anthory BA. FCA, t)chA of Hardcastle Burton as independent examiner for the en1r9 year will be proposed at the Annual General Meetir¥J. Si9ned on behalf of the trustees Robert Elkeles - Chairman Mount Verfi Hospital. Northwood. Middlesex HA6 2RN May 2024
Mount Vernon Hospital Comforts Fund Independent Examiner's Report to the Trustees of Mount Vernon Hospital Comforts Fund Year ended 31SP March 2024 I report on the accounts of the Charity for the year ended 31" March 2024 as set out on pages 6 to 10. Respective responsibilities of Trustees and Independent Exaffliner The Ch¢iritys trustees are responsible for the preparation of the accounts. The Charitys trustees consider that an audit is not required for this year under $.144(2) of the Charities Act 2011 (the 2011 Act) and that an independent exomirntion is It is my responsibility to: examine the accounts (under section 145(IXa) of the Act: to follow the procedures laid down in the General Directions 9iven by the Charity Commission (under Section 145(5)(b) of the Act, and to State whether particular mlitters have come to my attention. Ba3ls of Independent Examlner's Statement My examination was carried out in accordance with the fyeneral Directlons 9iven by the Charitls Commissioners under $.145(5)b. An examimtion included a review of the accountin9 records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of ary unuswal items or disclosures in the accounts, and seeking explanations from you as trustees concernirrfj any such matters. The procedures undertaken do not provide all the evId¢e that would be required in an audit, and consequently M opinion is given as to whether the accounts present a 'true and fair vierf and the report is limited to those matters set out in the statement above. Independent Examlner's Statement In connection with my examincrtion, no matter has come to my attention: (l) which gives me reosornble cause to believe that in any material respect the requirements: (a) to keep accounting records in accordance with Section 130 of the Act: and (b) to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Act have not been met. or (2) to which, in my opinion. attention should be drawn in order to enable a proper understandin9 of the accounts to be reached. Mrs M J Anthony BA, FCA,DChA, Independent Examiner 36. Dene Road. Northwood. Middlesex. HA6 2DA. 08 xMay2024
Alwrt Vermn Hospital Comforts Fund Statement of Flmncial Activities in¢orporatiThJ The Inconx and expenditure Account for Ye¢y ended 31" March 2024 Total Fund 2024 Total Funds" 2023 Income IncomiThJ resources from generatir¥J funds: Voluntary irKome Investment income Incomirg from charitable activities (3,454) 7,102 92,131 762 852 79.329 Total Incme 80.943 Charitable trading activities Provision of equipmeltt services to patients staff Governance cosFs 35,011 22.456 27.249 (19.283) Total EXPllUre 57,467 7,966 N¢t (¢xp¢ThrtweYIKome before other ns and losses 38.312 72.977 297,475 224.498 335.787 297.475 . All th¢ Fur#ts ¢Te urreffticted The statement of Fin(vKid activith¢s dl 9Jin¥ losw in the yw ffjKI tlwefore o sto•n All the tyrnts r¢hfft t• contimrg iylitritl¢s
MOUNT VERNON HOSPITAL COMFORTS FUNC) BALANCE SHEET As at 31" MARCH 2024 Total Funds* 2024 Total Fund 2023 Current Assets Stocks 4,698 4.614 Debtors 2,002 3.068 Cash at 8ank 380,175 343,823 386,875 351.505 Credlt¢xs', amounts falling due within one Net current assets 10 51,088 54,030 335,787 297,475 Total Assets less Current Liabilities 335,787 297.475 Total Funds 11 335,787 297.475 * All the Funds ar¢ uNt¢strlcted These f inancial statements were approved by the tnistees on and were signed on their behalf by: M()y 2024 Robert Elkeles - Chairman rew l - Treasurer
IAount Vernon Hospital Comforts Fund Notes to the Firnncial Statements Year ended 31" March 2024 l. Accountin9 policies Basis of accounting The financial statements have been prepared under the histori1 cost convention and in accordance with FRS102 (Charities SORP(FRS102)) and the Charities Act 201L Fixed assets All fixed assets are initially recorded at cost. Amounts less than £5,000 are written off in the ye¢Y of purch(tse. Stocks Stocks are valued at the lower of cost and net realisable value, after makirg allowance for obsolete (Md slow-movin9 strock. 2. Volunt income Unrestricted Funds 2024 Unrestricted Funds 2023 Donations Collectin Fund Raisi Totol {3.980) 381 145 (3,454) 267 373 122 762 Boxes 3. Investment Income Unresiricted Funds 2024 Unrestricted Funds 2023 Bank interest receivable 7,102 852
Mount Vernon Hospital Comforts Fund Notes to the Finon¢ial Statements Year ended 31" March 2024 4. fncome Unrestricted Funds 2024 Unrestricted Funds 2023 Sale of oods and services 92,131 79,329 5. Cost of Charit¢knle activities Unrestricted Funds 2024 Unrestricted Funds 2023 Tradi activities Provision of equipment and Serviw to atients and staff Governance Costs Total 35,011 22.456 27.249 (19,283) 57.467 7,966 6. Staff costs and emoluments The Charity does not employ staff and no payments have been made for the services of volunteers, including trustees during the yeor. Payments made to a self- employed administrator amounted to £3.976 (£3.871- 2023). 7. Stocks 2024 2023 Stock 4.698 4,614 8. Debtors 2024 2023 Trade Debtors Pre ents Total 1.063 938 2,002 2,299 769 3.068
mnt Vermn Hospital Comforts Fund Notes to the Firb1al Statements Year ended 31" March 2024 9. Cash at Bank 2024 2023 Cash in hand ¢md at l)ank Treosu sits Total 70.175 310,000 380,175 88.823 255,000 343.823 10. Creditors 2024 2023 Trade creditors Accruals Total 966 50.122 51.088 1.043 52.987 54.030 11. Unrestricted income funds 2024 2023 Balance at l A ril 2023 net iOrnI1 (outgoirg) resources for ear Balance 31 March 2024 297.475 38.312 224.498 72,977 335,787 297.475 All the Kt assets ore unrestricted funds 10