MOUNT VERNON HOSPITAL COMFORTS FUND Registered Charity wmber 254331 Financial Statements Year ending 31st March 2026
MOUTr VERNON HOSPITAL COMFORTS FUND Regstered Nthnber 254331 FINAIXUAL STATEMENTS YEAR ENDED 31st MARCH 2026 CONTENTS Trustees annual report Independent examiner's report to the trustees statement of f ipwicial activities Balance sheet Notes to the f inancial statements 8-10 TRUSTEES The trustees and off icers who served the Charity during the period were:_ Mr R. Elkeles: (resigned 30 Juty 2025) Mr A Newell: Hon Treasurer Miss F 6 Andrew: Co Chair Mr E J Badke Mrs C Burland.. Co Chair Mrs J Gilbert (f rom 30 July 2025) Mr S L Lewis (from 30 July 2025) Mr J Laycock (resigned 30 July 2025) Mrs N Thakknr: Administrator and Compary Secretary Pri•paI and Re9iStered Off ice Mount Vernon Hospital. Ricknwnsworth Rood. Northwood. Middlesex. HA6 2RN
Alount Vernon Hospital Comforts Fund egistered nurn 254331 Trustees Anrnl Report Ye¢w ended 31" Alarch 2026 Objectlves and Activities The objects are to support the health and wellbein9 of persons who are patients or f ormer patients at the Mount Vernon Hospital by providing catering services, goods and other amenities which facilitate the effective runniry of the hospital for the public benef it. The Comforts Fund operotes a shop, which provides a variety of sof t drinks, confectionery. toiletries, novelties. newspapers and stationery to patients, staff and VISitors. The Fund also operates a'Look in. shop which sells domted goods, mainly clothes and bric-a-brac. There is also a well-used Bookshop adjacent to the Shop and occupational therapy aids are on sale in response to demand f rom patients visiting the site. The Comforts Fund uses f unds raised through the obove octivities to make grants to the Hospital Trusts and Charities operating on the Mount Vernon Hospital Site to f und amenities ¢]nd facilities that will support the effective opemtion of these activities f or the public benef it. The Trustees conf irm that they have regard to Charity Commission guidance on public benef it in undertaking the above activities. The Comforts Fund is a volunteer led Charity. all our outlets are operated by volunteers. There were 37 Grants approved during the year totallitvj £128.9k. these vary greatly in size ond scale and the largest 6 6ronts approved by monetary value were , £24.7k for a Ultrasound Machine in Physiotherapy, £18.5k for 12 Transit Wheelchairs for the Cancer centre, £16k for 2 Tympanometers for Paediatric Audiology. £IOk for a Specialist Bath for Michael Sobell House. £7.8k for Garden Furniture for a Garden Project at the Cancer Centre and £6.5k for a Canulotion Chair at Paul Strickland Scanner centre. Achievements. perfonnonc¢ and futur¢ plans Our total sales increased by 8% on the previous year to £95.192 (2025 £88,145). The Trustees consider this to be a good level of performance. The grants approved by the Fund to departments at Mount Vernon Hospital and Charities based on the Site. in the year were £128.876 (2025 £166.174), which again
exceeds the f unds generated in the year and ref lects the desire of the Trustees to reduce the overall level of reserves and utilise f unds to improve facilities on the site. This resulted in a pipeline of commitments at the year-end of £62,917 (£65,708 in 2025). The Comforts Fund makes a difference to the Mount Vernon Hospital Site, by operatin9 Outlets on the site that provide facilities for staff and patients visiting the site which improve their overall experience and by raising funds which ore then reinvested in the f acilities available on the Site. The outlook for our operations remains positive and the Trntee$ would like to thank all our volunteers for their tireless ef forts and loyalty. The Charity is conf ident that it continues to have a usef ul future at Mount Vernon Hospital. Flnancial review The activities of the fund remain robust with Sales Turnover up by 870 on the year at £95,192 (2025 £88,145) and Surplus f rom Trading activities down by 1279 on the yeor at £43,261 (2025 £49,183). The major factor in the reduction this year was due to a decision to increase administrator costs so that the of f ice would be open on 3 days eoch week. Investment Income at £10.919 (2025 £12,812) was down largely ref lectiThJ reduced investment holdings due to the increased grant activity mentioned earlier, with interest rates sli9htly lower on average during the year. Overall this WQS a steady achievement with a surplus before grants of £60.434 (2025 £63,571). Amounts requested by the Hospital stof f during the year led to gross awords of £128,876 (2025 £166,174) although after cancellations of prior year awards that lapsed this became net awards of £97.945 (2025 £147.745) expensed in the year and outstanding commitments at the year-end of £62,917 (2025 £65.708) bein9 approved for investment in new equipment and focilities. The overall impact of these activities was a def icit on the Statement of Financial Activities for the year of (£37,511) (2025 (£84.174)) ref lecting a Solid underlying f inancial performance. The Trustees continue to work constructively with the Hospital authorities to identify opportunities to invest in improving the facilities on the Mount Vernon Hospital site. Policy on reseThes The Fund's policy on reserves is to retain suf f icient workiw capital to operate its activities eff iciently and meet its ongoirg obligations in the event of unforeseeable interruption to its activities. In current circumstances it is considered this could be met by the retention of £50.OCK) in accumulated unrestricted reserves. Our reserves at £214,102 (2025 £251,613) comfortably exceed our minimum requirement and places the Fund in a Strong position to weather the heodwinds facing the UK economy
and supports the efforts of Trustees to make 9rants exceeding the income generated during the year. The Trustees plan to continue reducing the reserves year on year os suitable gr(Int opportunities arise. There are currently no designated or restricted f unds held. Plans for future periods The Trustees are aware that there are plans beiNJ developed by the NHS to relocate the current Cancer Centre to a new site in Wafford. There are also plans to rebuild Hillingdon Hospital which are progressing. Both of these maior developments would impact the hospitol services that are currently located on the Mount Vernon Hospltal Site. The Trustees will continue to monitor these developments. but in the meantime remain committed to serving the patients using the Mount Vernon Hospltal Site. The Mount Vernon Hospital Comf orts Fund is governed by Rules adopted by the Charity in General Meeting. It is an unincorporated association. Trustees are elected by Members at each Annual General Meeting in accordance with its rules. Trustees Can serve a maximum of 3 terms of 3 years. Trustee Board The Trustee Board has seen two resignation duriThJ the year of Robert Elkeles and John Laycock, and the appointment of two new Trustees. Julia Gilbert and Sidney Leon Lewis. The Board of Trustees would like to place on record our thanks to Robert and John for their signif icant contribution to the Charity during their time as Trustees. Following the resignation of Robert Elkeles as Chair of Trustees, the Trustee Board appointed Gillian Andrew and Charis Burland as Co-chairs of the Board whilst a recruitment process was undertaken to identify a new Chair. This process will conclude in time f or the upcoming A6M when a new Chair will be proposed for election. Responsibilities of the Trustees Law applicable to charities in England and Wales requires the Trustees to prepare f inancial statements f or each f inancial year. Under the law the trustees have elected to prepare the f inancial statements in accordance with United Kingdom Generally Accepted Accountirwj Practice (United Kingdom Accounting Standards and applicable law). The f inancial statements are required to give a true and fair view of the state of af fairs 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 accountiThJ policies and then apply them consistently,. make judgements and estimates that are reasonable and prudent; "prepare the f inancial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are resportsible f or keeping proper accounting records which disclose
with reasonable accuracy ot any time the f inancial position of the charity and which enable them to ensure that the f inancial statements comply with the Charities Act 2011. The trustees are also responsible for safeguardiry the assets of the charity and hence f or taking reasomble steps for the prevention and detection of f raud and other irregularities. Independent Exarnir A resolution to re-appoint Mrs Margaret Anthony BA, FCA, DchA of Hardcastle Burton as independent examiner f or the ensuing year will be proposed at the Annual General Meeting. Signed on behalf of the trustees Miss F 6 Andrew & Mrs C Burlond - Joint Choir of Trustees Mount Vernon Hospital. Northwood, Middlesex HA6 2RN 13 May 2026
Mount Vernon Hospital Comforts Fund Independent Examiner s Report to the Trustees of Mount Vernon Hospital Comf orts Fund Year ended 31st March 2026 I report on the accounts of the Charity for the year ended 31sF March 2026 as set out on pages 6 to 10. Respective responsibilities of Trustees and Independent Ex(uniner The Charity's trustees are responsible f or the preparation of the accounts. The Charity's trustees consider that an audit is not required for this year under s.144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to: examine the accounts (under section 145(1)(a) of the Act.. to follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5Xb) of the Act, and to state whether particular rnatters have come to my attention. Basis of Independent Examiner's Statement My examirntion was carried out in accordance with the General Directions 9iven by the Charity's Commissioners under s.145(5)b. An examination included 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 occounts, and seeking explanations f rom you as trustees concerning ary 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 above. Independent Examiner's Statement In connection with my exomination, no Matter has come to my attention.. (i) which gives me reasomble cause to believe that in any material respect the requirements.. (a) to keep accountirg records in accordance with section 130 of the Act.. and (b) to prepare occounts which accord with the accounting records and comply with the accountrj 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 understandiNJ of the accounts to be reached. Mrs M J Anthory BA. FCA.DChA. Independent Examiner 36. Dene koad, Northwood, Middlesex, HA6 2DA. 13 May 2026
Mount Vernon Hospital Comforts FwKI Statement of Firkmcial Activities incorporating The Income and expenditure Account for Year ended 31st March 2026 Total Funds" 2026 Total Funds. 2025 Income Incoming resources f rom generatiThJ funds., Voluntary income Investment income Incoming from charitable activities 6.254 10,919 95,192 1.576 12,812 88,145 Total i•m¢ 112,365 102,533 Expenditure Choritable trading activities Provision of equipment and services to patients and staff Governance costs 51.930 97.945 38.962 147.745 Total Expenditure 149.876 186,707 Net (expenditure)/income before other ised a•ns and 105s¢S (37,511) (84,174) Total Funds brought fomrd 251,613 335.787 Total Funds carried forward 214,102 251,613 All the Fund$ are unresrrieted The statement of Findntiol activities includes all [$ losses in the yew t¥ therefore a stotement of total reco9Thised gjins and losses been prePd All the above amounts relots to contiNiry activities
MOUNT VERNON HOSPITAL COMFORTS FUND 8ALANCE SHEET As at 31" MARCH 2026 Total Funds. 2026 Total Funds. 2025 Current Assets Stocks 5,556 4,154 Debtors 2.585 3,175 Cash at Bank 292.223 328.603 300.365 335,933 Creditors: amounts fallirKJ due within one ear Net current assets 10 86,263 84,320 214.102 251.613 Total Assets less Current Liabilities 214.102 251,613 Total FWKIS 11 214.102 251.613 . All the Funds are urnstricted These f imncial statements were approved by the trustees on 13 May 2026 and were signed on their behalf by: Miss F G Andrew & Mrs C Burland - Joint Chair of Trustees MrA ewell - Treasurer
Mount Vernon Hospital Comforts Fund Notes to the Financial Statements Year ended 31sI March 2026 l. Accounting policies Basis of accounting The f inancial stotements have been prepared under the historical cost convention and in accordance with FRS102 (Chorities SORP(FRS102)) and the Charities Act 2011. Fixed assets All f ixed assets are initially recorded at cost. Amounts less than £5,000 are written off in the year of purchase. Stocks Stocks are volued ot the lower of cost ¢YKI net realisable value, after makin9 allowonce f or obsolete and slow-movin9 Stock. 2. Volunta income Unrestricted Funds 2026 Unrestricted Funds 2025 L)onations Collecti Boxes Fund kaisin Total 5.858 298 98 6.254 1,083 392 ioi 1.576 3. Investment Income Unrestricted Funds 2026 Unrestricted Funds 2025 Bank interest receivable 10.919 12,812
Mount Vernon Hospital Comforts Fund Notes to the Financial Statements Year ended 31st March 2026 4. Income Unrestricted Funds 2026 Unrestricted Funds 2025 Sale of oods and services 95,192 88,145 5. Cost of Charitable activities Unrestricted Funds 2026 Unrestricted Funds 2025 Tradin activities Provision of equipment and services to atients and staf f Governance Costs Total 51.930 97.945 38,962 147.745 149,876 186.707 6. Staf f costs and emoluments The Charity does employs one member of staff and no payments have been made for the services of volunteers. including trustees duriThJ the year. Poyments made to a self-employed odministrator amounted to £0 (£1,450 - 2025). Payments to an employed administrator amounted to £13490 (£5.409 - 2025) 7. Stocks 2026 2025 stock 5.556 4.154 8. Debtors 2026 2025 Trade Debtors Pre ments Total 1,595 990 2.585 2.193 982 3.175 io
Mount Vernon Hospital Comforts Fund Notes to the Financial Statements Year ended 31st March 2026 9. Cash at Bonk 2026 2025 Cash in hand and at bank Treasu osits Total 97.223 195,000 292.223 58,603 270.CKXJ 328.603 10. Creditors 2026 2025 Trade creditors ACcrL1s Total 5,957 80,307 86,263 1,186 83.133 84,320 11. Unrestricted income funds 2026 2025 Balance at 1st ril 2025 net incoming (outgoing) resources for ear Balance 31$t March 2026 251.613 (37.511) 335.787 (84.174) 214.102 251,613 All the net assets are unrestricted f unds li