FRIENDS ofchw4ngCro4Hc6￿N¢ Registered charity number 263055 TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 CONTEKrs Page 1. Legal and Administratlve Details 2. Annual Report 3. Annual Accounts 4. Statement of Trustees, responsibilities 5. Independent Examinerfs report 11 6. Balance Sheet 13 7. Statement of Financial Activities 14 8. Notes to the Accounts 15 Page i of 17 FRIENDS The Friends of Charing Cross Hospital R￿1$tered office Charing Cross H(Epital Fulham Pal￿e Road London W6 8RF Registered charity number 263055 Trustees during the period Mr Vincenzo Martindli Chair {appc4nted trustee 10121) Mr Kavyesh Vivek (apprynl￿ 10121) Mr Daniel de Wdf (apprint8J 7r22) Mr Daniel Misra-Jones Treasur￿ {4)p￿nt￿ 4124. ￿gn￿l 3125) MrWazirAusaut (apprynted 4124, Interim Treasurer 3125) Accountants Chades Osei. Bsc (Hcxss). MSC. FCIE. AFA ATA. MCIPP Flat 3, 11 R(￿hdale Way Dept[(￿d L￿d[ SE84LY Page 2 of 17 Annual report 1 July 2024 to 30 June 2025 The financial statements have been prepared in aca)rdance with Ihe accounting policAes set out in notes to Ihe accounts and comply with the chariws goveming dO￿￿￿nt. the Charities Acl 2011 and the relevanl version of the Statement of Recommertded Practice appli￿ble to charities preparing their accounts in accordan￿ wrth the Finanual ReportirvJ Standard applirable in the UK and Republic of Ireland IFRS 102). Objectives The objecb'ves of The Friends of Charing Cross Hospital are: to provide funds for equipment and supwi projects. to benefft the Hospital, the patients and the local community" to inLYease public awareness of the needs of patients of Charing Cross H05Pital to mobilise support and raise funds. to develop and maintain an acttve membership of the charity" to liaise and connect with other like-minded organisations and also voluntary seNI￿s. Governance and management The chair in a voluntsry capaaty oversees the staff and general cyeration of the tharitys work, assisted by the Treasurer and the Board of Trustees, all volunteers. There have been changes in Ihe Board of trustees and Ihese are still ongoing. The total number of Cur￿ nt trustees at the end of the reporting perioj VRS four, of whith have been suspended in December 2025 following dis(iplinary action against them. A new TreaSU￿r has been selected and her Co-opt in imminent. It is 8xperted to have a new trustee recruitrnent campaign to allow for additional manpower to join the organIsati￿ atvj alow br more acbwties to be ￿rried out. Trustees are re¢Wit￿ through word of mouth andlor posling of the roles on specific recruitment channels for third sector volunteers. and some have been traditionalty used by the Charity for several cruitments. The Chair and other Board members are tasked with interviewing prospective trustees. If accepted, Ihe trustee mayioin the Board straight away and they are later fonnally voted in and en(lorsed at the AGM. Grant Applicatlons The charity invites grant applications prospaclive grantees to purchase equipmenl and fund projects that will support ar￿ benefit the hospital patients. staff and the local community. The trustees take into account the purpose and benefit of eath applicab'on before agreeing to provide the fijnds in line with the objectives of the tharity. During the year uThJer rewew. we ￿pplied the folkn￿ng grants. for a total of £4,500: Barons, Court Prcfjecl- West London 3.000 The grant supported the VK)rk of prowding a healthy, (￿Oked Lyeakfast and lunch for homeless pwple using our Day Centre. M(￿daY to Friday. wrth the folloviing outputs and impact Page 3 of 17 . 40 guests a day benefftted from a heamhy, cook&Y breakfast or lunch in their ￿fé. - Homeless guests had a￿sS to slK)wers, lauThJry facilities. haircuts and clean clothing. . 150 homeless adults. and ￿￿pIe living with mental health conditM)ns, eXperien￿d redU￿d level of hunger through the provision of ￿￿ked breakfast and lunch at Day Centre. Imperial College Healthlxe 1.500 Th8 grant covered some basic costs relating to the organisation of a medical conference. themed 'Aorta Be There!" The conferen took place on Saturday. 18th January 2025 at Imperial College London, and will hosted medicxl students and healthtsre professionals passionate about vascular surgery. transplantalh)n. and Inr￿vative surgical techniques. Totsl Grants for th8 year Investment Policy The Charitys reserves wlicy is to hold a minimum of£30k as reserves. whid) is sUffic￿nI to Gover three years. worth of planned expenditure to ensure (x)ntll]ued financial security and to provide for contingenues. Friends of Charing Cross Hospital seeks to produ￿ the best financial rebjm within an acceptable level of risk. The investment objective is to generate a retum of inflatN)n plus 3% per annum over the long temi, after expenses. Friends of Charing Cross Hospital adopts a total retum approath to investment, generating the income gain from dividends re-inve*ed plus ￿pital gains or losses. Assets should be readily available to meet unanticApated cashflow requirements. The Trustees wish to keep at least 75% of Ihe assets in inveslments that can be realised within three months. A minimum of six month's budgeted cashilow should be kept in cash or near cash investments at all limes. Dividends receiv8d on investrnents wll be re-invested. Friends of Charing Cross Hospital expects to exist in perpetuty arKI investments should be managed lo meet the investment objective aThJ ensure this sustainabilty. As a resulL FrierKls of Charin9 Cross Hospital adopt a long-tenn investment time horEon. Friends of Charing Cross Hospital exF*cts assets to be invested in line with its aims. It expects its investmént man8ger{s) to In￿+rpOrate Environmental, Social and Govemance {ESGI factors as part of their management of the investments and for Reswnsible Investment lo be ingrained into their investrnent thIn￿ng. The Charity does not want to invest diredy into alixjhol, tobacco or arn￿MentS. Frlends of Charing Cross Hospital appjints prirfess￿na1 investrnent marAgement firms to manage its assets {excluding the direct property) on a di5￿tI)nal basis in line with tts investmenl poliGy. Since 2023 Ihe charity selecled Schroders as its Fund Manager and invested in th￿r Charity Multi-Assets Fund. Page 4 of 17 Hospital Community Services The Frlends, Shop In November 2020. our charity shop Spa￿ on the first)loor ofthe Ho¥ital was handed over pemanently to Imperial Twst and our staff member was trdnsferred 0￿r too. On4lte activities Until De(%mber 2025 we keptour Offi￿ Spa￿ on-site atthe Hospital, whith had been parti811y converted into a charity shop with limited a￿sS by the putAic. On￿ a week. sin￿ De￿mber 2025 V￿ moved or office outside the Hospitsl and are no k)nger storing goods and office equipment there, Donations and legacies We receive donations via our website and social media links" also through Paypal Giving. Occasionally. we receive donalions through Charities Aid FoundatTron. We can accept annual memt*r subs(Tiption payments through Go Cardless. We receive money on an irrewlar basis from Wcies and oneaoff donal#)ns from grateful patients and their families. Looking ahead Charities are being called upcfi fflore than ever to support their cwimun1t￿$, vthilst at the same b'me facing Unprec￿ented challenges for the future. SupFK)rt for most vulnerable and isolated community members played an essential part in helping people continue to suNve and access the help they needed. We were in the fortunats tM)sition of being able to collaborate with other local charilies to ensure the most vulnerable are given some much needed SUPkK)rt. Wilh our Board being strengthened with new trustees in place, bringing fresh ideas and new energy, within the overall path defined by the new strategic plan. we will strive to grow and ￿)n￿'nue to seNe ho4Ytal patents. NHS staff, local organisations and the hjcal community in Hammersmtth and Fulham. edon ehalfofthe trus i)n 2413126 In￿nzO arts'nelli, Page 5 of 17 THE FRIENDS OF CHARING CROSS HOSPITAL Charity number 263055 Accounts for the year ended 30th June 2024 Fulham Palace Road London W6 8RF Page 6 of 17 THE FRIENDS OF CHARING CROSS HosprrAL Statement of Trustees. Responsibilities For the year ended 30 June 2024 The Charities Act requires the Board of Trustees to prepare financial statements for each finanaal year which give a true and fair view of the state of affairs of the chanty as at the erMI of the financial year and of the surplus or defiot of the charity. In preparing those finanaal statements. the Board is required lo: Select sutlable accounting wlicies and then apply then consislently.. Make judg8ments and estimates that are reawnable and prudent" aTrJ Prepar8 the finanual statements on the going ￿)￿r￿n basis unl8SS tl inappropriate to presume that the charity will continue in Lwiness: state whether applicable acccxjnting standards and statements of r8commended practice have been followed, subject to any material departures disdosed and explained wi the financial statements. The Trustees are also responsible for maintsining adequate acu)unting records which disclose with reasonable accuracy at any time the financial postlion of the chartty and which are sufficient to show and explain the charity's transaclion and enable them to ensure that the financial statements comply with regulations made under the Charilies Act. They are also resF(1nsib￿ for safeguarding the assets of the charity and hen￿ takn.ng reasonable steps for the prevention and detection of fraud and olher irregularities. The Trustees are also resKK)nsibte for the of the trustees. rewrt. and the responsibiltty of the independent examiner in relation to the trustees. retK)rt is limited to examining the report and ensuring that. on the fa￿ of the retK)rt, there are no MC￿$￿ten[￿e8 wth the figures disclo￿1 in the financial statements. The accounts were approved by the trustees 24r312026. And signed on their behalf by. SIGN Vincenzo Martinelli, C air Page 7 of 17 CharltyNo. 263053 THE FRIENDS OF CHARING CROSS HOSPITAL FIfrIANCIAL STATEMEfrirs FOR THE YEAR ENDED 30 JUNE 2025 CHARLES OSEI BS< FCE MCIPP. AFAATA CHARrrY WOEPEtr4DENT EXAMINER I ACCOUNTANT FLAT 3. 11 ROCHOALEWAY LONF)ON SE8 4LY Page 8 of 17 THE FRIEPIOS OF CHPaUNG CROSS HOSPITAL Reglstwgd Chzlty ND. FINA14C FOR THE YEAR ENDED 30 JUNE 3J25 ATE ENTS CONT Pag¢ 2-3 of Finanoal *ili¥ilios Page 9 of 17 THE FRIENDS OF CHthING CRI)SS HOSPtTAL Re9lst4f•d Char6ty No. 2630SS ORGANISATIONAL P NDED FOR THE YEAR O JUNE 20 TrVSTEES Cha Treqsur Ch•rl8K4x￿￿j a5 Injslees 10r411 Tteasurer lappuurted 4r241 lapptsnied 71221 (aprA>n￿l 101211 lapprAnlwJ 4rd41 Mr 03n￿ Misra-Jon8S r D8th￿ dewoff Mr w￿rI￿5￿ul REGISTERED OFFICE: ThÈ Frierth (*f Charing Cross CharKvJ CT055 HD5k¥lal Fulham Paace Rw1 W6 8RF Chats5 0*. Bsc IPhJn51. MSG. FCIE. AFA ATA. MCIPP Ra13 11 Rochdaknway Depffud SE8 4LY Page 10 of 17 ThE FREMDSOPCFFAANG CROSS HosprrpL DEPENDEFIT TO THE TRLESTEES O THE FINAJICIAL THE FRSENDS OF CFINRING C PIT TN$ repNt LE maje 5L4&* Trus*esofThe Fr￿1￿ch￿r0 Cross HO5￿. as abth. i) rkhas been U￿￿1akeft 50that l fflghEStale to tsT¢u5tees mallets l am tost* 10 IndepeDdenl ExammBfs reprrft a￿j Olher wrpw. To the ful*slext*rtwnNl*d tylaw. I do ￿tac￿l 8xatnlnat￿1￿L Iwii¥s reryrt orknthe *al￿entI giyen b81 Sl8t8n*n& the Yr1￿12e5 con5id8rll*twaLhliti5 nolFwuMBd for thi% y under 50(#W ?44121 ofthe sahsfied mysdftr￿I cr*rityÈ an Lywand **Ja)* br 81 eXaM￿e Ihe thJ¥se¢*)7 145 d ty* 2011 kL' 14515Xbl 2011 fvrt *¥J undwtskèn do nol kYuvKJe am tr*e¥*Jence be rwqol in 8Th 8uthI. andcwsequènty no opff￿ 1$ in thè #tst*nenlon ihe twlQ•)è. Page 11 of 17 ThE FRIENDS OF CbiARING CROSS HosprrAL INDEPENDENT NTH FNANCL4L STATEM TO ThE TRUSTEES OF THE F￿E*lDs OF CHARING CROSS osprr Ch*s Ow. 8&