Registered Charity No. 266391 (England and Wales)
St Helier & Surrey KPA (Kidney Patients Association)
Report of the Trustees and Unaudited Financial Statements
for the Year Ended 31 March 2024
St Helier & Surrey KPA (Kidney Patients Association)
Contents of the Financial Statements for the Year Ended 31 March 2024
| Page | |
|---|---|
| Charity Reference and Administrative Details | 1 |
| Report of the Trustees | 2 to 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 to 12 |
St Helier & Surrey KPA (Kidney Patients Association)
Report of the Trustees
for the Year Ended 31 March 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number 266391
Trustees
D A Spensley - Chairman P Harris - Honorary Secretary F Eves - Appointed 8[th] November 2023 P Connolly - Deceased 11[th] September 2023 Committee Members K Carter - Vice Chairman E Eyeta S Harwood J Moss G Patel N Patel R Patel D Spensley
Committee Members
Co-opted Members
S Andrews F Harris K Homewood C Jones M Moya G Quan
Principal address Renal Unit St Helier Hospital Carshalton Wrythe Lane London SM5 1AA
Correspondence address
L’Alise
Guildford Road Godalming Surrey GU7 3BX
Independent examiner
Debra Saunders FCA Azets Audit Services Chartered Accountants Ashcombe Court Woolsack Way Godalming Surrey GU7 1LQ
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St Helier & Surrey KPA (Kidney Patients Association)
Report of the Trustees
for the Year Ended 31 March 2024
The Trustees present their report and the financial statements for the year ended 31 March 2024.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: 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) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and Aims
The object of the Association:
Is the relief of sickness among persons who are suffering from kidney and related ailments who are in necessitous circumstances and are resident in the United Kingdom and in furtherance of that object but not otherwise.
The aims of the Association are:
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(1) To provide assistance to those requiring facilities for dialysis while on holiday, namely persons who are suffering from disease of the renal tract or kidneys, under the care of the South West Thames Renal and Transplantation Unit of the Epsom and St. Helier NHS Trust, for the maintenance of these facilities and for the provision of supplies of this purpose.
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(2) To provide assistance to those patients who find themselves in financial need
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(3) To provide additional amenities and where necessary, auxiliary equipment for the benefit of patients under the care of the South West Thames Renal and transplantation Unit of the Epsom and St. Helier NHS Trust.
Significant Activities
The main activities undertaken for public benefit in relation to the stated objects are:
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(1) Continuing to financially assist with the production of the St Helier 6 monthly newsletter "Renality" to further patient involvement, this includes a large print copy for sight-impaired patients.
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(2) Continuing to financially assist patients with personal amenity payments
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(3) Financial assistance with Holiday Allowances & Travel benefits
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(4) Donations toward equipment purchases by the Renal Unit which included items such as:
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(a) “Computers on Wheels” (COWs) for the specialist drug nurses
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(b) Ultrasound Scanners
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(c) Training Mannequins (d) Venous Access Devices
The Trustees confirm that they have complied with the duty in Section 4 of the Charities Act 2011 to have regard to the Charity Commission's general guidance on public benefit.
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St Helier & Surrey KPA (Kidney Patients Association)
Report of the Trustees
for the Year Ended 31 March 2024
FINANCIAL REVIEW
Review of events and performance
Total Incoming Resources (Income) at £170,560 increased by £120,343 on the prior year (2023: £50,217) due to a significantly higher level of legacy income received than in the prior year of £144,316 compared to £11,400 received in 2023.
Total Resources expended this year were £145,733 as compared to the previous year (2023: £33,245) which is a result of the increased support to the patients and the Renal Unit in the year.
The KPA was able to support the Renal Unit with Donations towards the purchase of equipment totalling £118,430 (2023: £16,670) as described above.
These movements in the main were the factors affecting the current year surplus of £24,827 (2023: £16,972).
In line with this surplus, the Association's assets increased from £418,806 in 2023 to £443,633 this year, completely represented within the Unrestricted General Fund.
The Trustees have invested funds in a Virgin Money Charity Deposit Account and fixed term bonds with 2 other investment houses to provide a secure risk free investment. The United Trust Bond has £87,746 invested for 2 years fixed until June 2024. The Metro Bank Bond matured in the year and the £80,000 was reinvested in September 2023 for 2 years until September 2025 on a fixed term.
Reserves Policy
The Charity has held assets in cash, either in current or deposit accounts throughout the year. St Helier & Surrey KPA (Kidney Patients Association) does not have any interest in real estate property or possess any marketable securities and thus has no financial market exposure. The costs associated with the core activities of the Charity are noted in the attached Statement of Financial Activities.
The Trustee’s aim is to maintain minimum reserves equal to the level of approximately two year’s historical expenditure.
The reserves at the year end are more than this due to the large legacy that has been received in the year. These legacies can not be predicted so are not included in the Trustee’s calculations when considering if they are going to meet the minimum reserves. Any reserves above this minimum threshold will allow the Trustees to further fund patient welfare and equipment requests.
The Trustees consider the General Funds carried forward sufficient to enable them to continue to fulfil their obligation to the patients of the Renal Unit at St Helier Hospital and its satellite units.
Risk Management
The Trustees have a duty to identify and review the risks to which the Charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
PLANS FOR THE FUTURE
The number of kidney patients requiring support is projected to substantially increase in the next few years in line with the expected increase in the number of Renal Patients; the continuing task will be to ensure that adequate funds become available for this purpose. This is constantly under review.
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St Helier & Surrey KPA (Kidney Patients Association)
Report of the Trustees
for the Year Ended 31 March 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Structure, Governance and Management
The Association is an unincorporated Trust registered as a Charity, a member of the National Kidney Federation and governed by a Constitution agreed by the Charity Commissioners.
Trustees
A list of the Trustees who have held office during the year is given on the Charity reference and Administration Details page.
Trustees are enlisted from patients, carers and applicants with administrative or financial background as authorised by the Management Committee.
The number of Trustees is limited to those Officers mentioned in paragraph 6e of the Constitution. Trustees are also Committee Members.
Voluntary Assistance
The Association is entirely dependent on the unpaid services of members. No Donations in kind have been received. Committee members offer themselves for election at the Annual General Meeting and serve until the next Annual General Meeting.
Approved by order of the board of trustees on 13 November 2024 and signed on its behalf by:
D Spensley – Trustee
Page 4
Independent Examiner's Report to the Trustees of St Helier & Surrey KPA (Kidney Patients Association)
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2024 which are set out on pages 6 to 12.
Responsibilities and basis of report
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Debra Saunders FCA Azets Audit Services Ashcombe Court Woolsack Way Godalming Surrey GU7 1LQ United Kingdom
22 November 2024
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St Helier & Surrey KPA (Kidney Patients Association)
Statement of Financial Activities for the Year Ended 31 March 2024
| 2024 | 2023 | ||
|---|---|---|---|
| Total | Total | ||
| Unrestricted | Unrestricted | ||
| funds | Funds | ||
| Notes | £ | £ | |
| Incoming Resources | |||
| Donations and Legacies | 2 | 157,995 | 40,317 |
| Charitable activities | 3 | 8,772 | 7,093 |
| Investment income | 4 | 3,793 | 2,707 |
| Other income | - | 100 | |
| Total incoming resources | 170,560 | 50,217 | |
| Resources Expended | |||
| Charitable activities | 5 | 141,728 | 30,456 |
| Raising funds | 6 | 4,005 | 2,789 |
| Total resources expended | 145,733 | 33,245 | |
| Net income/(expenditure) | 24,827 | 16,972 | |
| Reconciliation of funds: | |||
| Total funds brought forward | 418,806 | 401,834 | |
| Total funds carried forward | 443,633 | 418,806 |
All income and expenditure derive from continuing activity.
The notes form part of these financial statements
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St Helier & Surrey KPA (Kidney Patients Association)
Balance Sheet At 31 March 2024
| Notes CURRENT ASSETS Debtors 10 Cash at bank CREDITORS Amounts falling due within one year 11 NET ASSETS FUNDS 12 Unrestricted funds TOTAL FUNDS |
2024 £ 5,813 439,920 445,733 (2,100) 443,633 443,633 443,633 |
2023 £ 2,412 418,194 420,606 (1,800) 418,806 418,806 418,806 |
|---|---|---|
The financial statements were approved by the Board of Trustees on 13 November 2024 and were signed on its behalf by:
D A Spensley – Trustee F Eves – Trustee
The notes form part of these financial statements
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St Helier & Surrey KPA (Kidney Patients Association)
Notes to the Financial Statements for the Year Ended 31 March 2024
The charity is an incorporated charity registered in England and Wales. The principal activity of the charity is devoted to improving facilities and welfare of Kidney Patients under the care of the renal Unit of St Helier Hospital in Carshalton and details of this are shown in the Trustees report. The charity’s address details are shown on the Charity reference and Administration Details page.
1. ACCOUNTING POLICIES
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
Accounting convention
The financial statements have been prepared in accordance with the charity’s governing document, the Charities Act 2011 and “Accounting and Reporting by Charities: 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) (effective 1 January 2019)”. The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended which Is referred to in the regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Going concern
We have paid particular attention to the likely effects on the charity of the current world economic climate. The trustees remain confident that sufficient funding and reserves are in place and that the charity has adequate resources to enable it to continue as a going concern for the foreseeable future.
Incoming resources
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a) Donations are recognised when they can be reliably measured, are probable and the charity is entitled to them. This is considered appropriate when the charity has been notified either:
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i. in writing from the donor of both the amount and settlement date,
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ii. notification has been received from the giving platforms (Just Giving, Move Loved or Love to Donate) that an amount has been paid into the charity bank account,
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iii. the amount, for regular or one off donations, have been received into the charity’s bank account.
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In the event that a donation is subject to restrictions placed on it by the donor then the amount will be included in an applicable restricted reserve.
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b) Legacies are recognised on a case by case basis following the granting of probate and when the administrator/executor for the estate has communicated in writing both the amount and settlement date. In the event that the gift is in the form of an asset other than cash, recognition is subject to the value of the gift being reliably measurable with a degree of reasonable accuracy and the title to the asset having been transferred to the charity.
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c) Interest on funds held on deposit is included in the year to which it relates and the amount can be measured reliably by the charity; this is based upon the notification of the interest receivable provided by the bank when the bond is invested. Where investment income has not been received at the year end the amount receivable is apportioned and included within debtors and investment income.
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St Helier & Surrey KPA (Kidney Patients Association)
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
1. ACCOUNTING POLICIES (Continued)
Resources expended and liabilities
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category.
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
Support costs are allocated 100% to charitable activities in line with their use.
Taxation
The charity is exempt from tax on its charitable activities.
Investments
The Trustees ensure that the money held in cash investment bonds is generating the best interest rate that is possible whilst ensuring that the money held on deposit is under £85,000 so that the money is protected under the Financial Services Compensation Scheme.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Capital expenditure
Expenditure of a capital nature is written off to income and expenditure in the year in which it is incurred.
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are included at the monetary value of the transaction.
2. DONATIONS AND LEGACIES
| General donations Legacies 3. CHARITABLE ACTIVITIES Fundraising events Renality magazine 4. INVESTMENT INCOME Deposit account interest Interest on fixed term deposits |
2024 £ 13,679 144,316 157,995 2024 £ 6,780 1,992 8,772 2024 £ 489 3,304 3,793 |
2023 £ 28,917 11,400 40,317 2023 £ 5,134 1,959 7,093 2023 £ 255 2,452 2,707 |
|---|---|---|
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St Helier & Surrey KPA (Kidney Patients Association)
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
5. CHARITABLE ACTIVITIES EXPENDITURE
| Direct activities undertaken (See note 7) Support costs (see note 8) 6. RAISING FUNDS Golf day expenses 7. DIRECT ACTIVITIES UNDERTAKEN Patient support Renal Unit equipment and maintenance Renality magazine Tea Bar Training costs for Renal Unit staff 8. SUPPORT COSTS Insurance Photocopying, postage and stationery Computer running expenses Volunteer travel and subsistence expenses Bank charges Just giving charges Independent examiners’ fee |
2024 £ 136,793 4,935 141,728 2024 £ 4,005 4,005 2024 £ 9,900 118,430 3,052 138 5,273 136,793 2024 £ 136 983 681 288 121 446 2,280 4,935 |
2023 £ 27,204 3,252 30,456 2023 £ 2,789 2,789 2023 £ 7,096 16,670 2,938 - 500 27,204 2023 £ 88 604 297 131 116 216 1,800 3,252 |
|---|---|---|
9. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
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St Helier & Surrey KPA (Kidney Patients Association)
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
| 10. | DEBTORS | |||||
|---|---|---|---|---|---|---|
| 2024 | 2023 | |||||
| £ | £ | |||||
| Prepayments and accrued income | 5,297 | 2,412 | ||||
| Other debtors | 516 | - | ||||
| 5,813 | 2,412 | |||||
| 11. | CREDITORS: AMOUNTS FALLING DUE WITHIN | ONE | YEAR | |||
| 2024 | 2023 | |||||
| £ | £ | |||||
| Accruals | 2,100 | 1,800 | ||||
| 12. | ANALYSIS OF NET ASSETS BETWEEN FUNDS | |||||
| 2024 | 2023 | |||||
| Unrestricted | Restricted | Total funds | Total funds | |||
| funds | funds | |||||
| £ | £ | £ | £ | |||
| Current assets | 445,733 | - | 445,733 | 420,606 | ||
| Current liabilities | (2,100) | - |
(2,100) | (1,800) | ||
| 443,633 | - | 443,633 | 418,806 |
13. MOVEMENT IN FUNDS – CURRENT YEAR
| Net | |||
|---|---|---|---|
| movement in | |||
| At 1.4.23 | funds | At 31.3.24 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General Fund | 418,806 | 24,827 | 443,633 |
| TOTAL FUNDS | 418,806 | 24,827 | 443,633 |
| Net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement in | |
| resources | expended | funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General Fund | 170,560 | (145,733) | 24,827 |
| Net movement in funds | 170,560 | (145,733) | 24,827 |
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St Helier & Surrey KPA (Kidney Patients Association)
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
13. MOVEMENT IN FUNDS (Continued) – PRIOR YEAR
| Net | |||
|---|---|---|---|
| movement in | |||
| At 1.4.22 | funds | At 31.3.23 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General Fund | 401,834 | 16,972 | 418,806 |
| TOTAL FUNDS | 401,834 | 16,972 | 418,806 |
| Net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement in | |
| resources | expended | funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General Fund | 50,217 | (33,245) | 16,972 |
| Net movement in funds | 50,217 | (33,245) | 16,972 |
14. RELATED PARTY TRANSACTIONS
There were no related party transactions for the year ended 31 March 2024 nor for the year ended 31 March 2023.
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