FENWICK COMMUNITY FUND FORMERLEY THE LEAGUE OF HospfTAL AND COMMUNITY (FENWICK HOSPITAL LYNDHURST) REPORT AND FINANCIAL STATEMENTS FOR THE YEIIR ENDED 31 MARCH 2025 CHARITY NUMBER: 267393
FINANCIAL STATEMENIS FOR THE YEARENDED 31 MARCH 2025 INDEX Trustees, Annual Rep)rt Independent Examinefs Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 8-15 THE FOLLOWING PAGE IS FOR MANAGEME INFORMATIO1¥4 ONLY Detailed Income and Expenditure Account 16
Page I 31 MARCH 202S The trustees present their annual r¢wrt aryl Statements of the dwity for th¢ year 31 March 2025. The Financial Statements have been prepared in accordance with the accounting policies set out in note I to the accounts and comply with the cl)arity's t the Charities Act 2011 and Accounting and Reporting by ClJariti¢s: Ststement of Recommended Ptactice applicable to charities preparing their Financial Statements Én ardanc with the Financial Rep)rting Stsndard applicable in the UK and Republic of Ireland (FRS 102). Charity Name: Fenwick Community FuThJ FonneTley The League of Hospitsl aKI Community Friends (Fenwick Hospi Lyndhurst) Registered Charity Number 267393 Principal Address: Ivy Cottage Farni Minstead Lyndhurst S043 7FY Trnstees The trusfres who served during the year and up to the date of this rert were: G Dibben D E Andrews C A de Hauteville Bowell S E Dibben P L Lilley D J Lodge P F Meacher C A Willsher Illvestm¢nt Manager. Evelyn Partners 177 Bothwell Street Glasgow G2 7ER Independent Examiner: Abraham & Dobell Clwtered A¢Lx>untants & Registered Auditor 230 Shirley Road Southan)pton S015 3HR
Page 2 (COKllNUED) FOR THE YEAR ENDED 31 MARCH 21)25 oWEcVEs AND AcrivrrIES FOR PUBLIC BENEFIT The charitable objects of the charity are to support Organisatio Ithich provid¢ health and wellbeing work as well as providing th¢ fflief of needs of individuals in Lyndhurst and the surrounding being community previously servoa by Fenwick Hospital who are SICK convalescenl disabled. handicappe4 infirni or ne¢d of financial assists an4 gettr8lly. to supp)rt the charitable work of the said Hospitsl(s). ACHIEVEMENfs AND PERFORMANCE The Trustees have ¢ompl¢led the pro¢¢ss of updating the Governan and Obj¢cts and the repurposin8 of our Obj¢¢ts. As a resul( we expect to be able to make our fwst Grants early in 2026. FINANCIAL REVIEW During the year ended 31 March 2025, the clwity's was £45251 (2024 - £64.382) and expenditure was £,8,604 (2024- £22.450). Th¢ charity achieved a wlus of £35.623 for the year (2024 - £A9.508) after rKt gn{lo$) on investments of £(1,024) (2024- £7.576). The reserves of the clwity at 31 Mar¢h 2025 £636.993 Q024 - £601J70). The trustees believe the charity to be a going conl. IDVUtment Poliq The greater part of the charity's funds are invested in a wtfolio managed by Evelyn Partners. The portfolio's core objective is a balance between income and growth over a medium-terni time horizDn. In additio the tteeS have agreed with their investment manager that there should be no direct investment in companies that derive more than 5Y• of their turnov¢r from tobacco production and companies that derive more than 30h of their turnover from arnwnents.
Page 3 TRUSTEES, ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 FINANCIAL REVIEW (CONTINUED) Reserves Policy And Going Coneern It is the lI1¢Y of the tharity to maintain unrestric*d fund4 which are the free reserves of the charity, at a level sufficient to cover their immediate firture plans and 6 months, unrestricted expenditure. The trustees are of a view that the ctwity is a going coneA Risk Management The trustees have examined the major operational risks which the charity faces Ènd confinn that systems have been established to enable reJy)rts to be produced so that the necessary steps can be tsken to lessen these Tisks. PLANS FOR FufuRE PERIODS With our Governance changes complefr4 your TTr have benefited from our close working relationship with the Lyndhurst Parish Councils to market the availability of Grants and the qualification requirements. In the first round, 15 applicalions have IKen received by 31 December 2025 amounting to nearly £400.000. After review by the TnLStees, it w&s decided to make unconditional offers to 9 applicants totslling £176598 and conditional offer5 to 5 applicants totslling £87,735. The Trustees are therefo satisfied with the Pro being made in respcct of issuing Grants to good causes in Lyndhurst and th¢ surrounding areas. STRucfuRE AND GOVERNANCE Governing Doeument The charity w&8 constituted on 22 May 1974 and registered as a cl)arity on l July 1974, charity number 267393. Trustee Reernitment and Appointment TnteeS seek to ensure that the needs of the clty are adequately represented through the diversity of the trustee ly)dy. Trustees are appointed by agreernenL following application and intervi¢w.
Page 4 TRUSTEES, ANNUAL REPORT (CONnNUED) FOR THE YEAR ENDED 31 MARCH2025 STATEMENT OFTRUSTELS? RLSPONSIBILrriES The Trustees are reS)nsIble for preparing the TnL8tees' Annual Report and the Financial Statements in cOrdanCe with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Ptice). The law applicable to charities in England and Wal¢s requires the Trustees to prepare Financial Ststements for each f]CIal perio(L which give a true and fair view of the state of the affairs of the charKty and of its incoming resources and application of resources of the charity for that period. In preparing those Financial Stat¢ments the Trustees are required to: select suitable accounting poli¢i¢s and then apply them consistently. observe the methods and principles in the Chariiies SORP. make judgements and estimates that ar¢ reasonable and prudent. State whether applicable UK accounting standards have been followed. subject to any material d¢partur¢s disclosed and explained in the FinanciaI Statements. and prepare the Financial Statements on the going concern basis unless it Is Inappropriale to pr¢sum¢ that the charity will continue on that basis. The Trustees ar¢ responsible for maintaining proper accounting records Nvhich disclose, with reasonable accuracy at any time, the financial position of the charity and to enable them to ensure that the Financial Stat¢m¢nts comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and. hence, for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by Ihe TnteeS on 31 January 2026 and signed on their behalf by: G DIBBEN CHAIR P MEACHER TRUSTEE
Page S INDEPENDENT EXAMINER'S REPORT TO THE TRUSTKFS OF FOR THE YEAR ENDED 31 MARCH 2025 I report to the charity trustees on my examination of the accounts of Fenwid( Community Fund. (the Trust) for the year ended 31 Mawh 2025. RESPONSIBILrfIES AND BASIS OF REPORT As the cjwity trustees you are responsible for the preparation of the )Unts in accordanc¢ with th¢ requitements of the Charities Act 2011 ('the Act.). I report in respect of my exaMinOn of the cl)arity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed ail the applicable Direclions given by the ChaTity Con]mission under section 145(5Xb) of the ACL INDEPENDENT EXAMINER'S STATEMENT I have completed my examinatioL I confirm that no niatcrial matters hav¢ eome to my attention in connection with the examination giving me cause to believe that in any material respect: accounting Tecords were not kept in Tespect of the cknity as required by section 130 of the Act. or the accounts do not accord with those rewrds" or the accounts do not eomply with the applicable requir¢m¢nts toncerning the fonn and content of accounts set out in the Chariti&s (Accounts and Reports) Regulations 2008 other than any requir¢ment that the accounts give a'true and fair view which is not a matter considered as part of an indepndellt ¢XamiO I have no concerns and have ¢om¢ a¢ross no other matters in connection with the ex2mination to which attention should be drai in this report in order to enable a proper understanding of the accounts to be reached. DAVID J MANT FCA INSTITUTE OF CHARTERED AccouNfANIS IN ENGLAND & WALES 230 Shirley Road Southampton SOIS 3HR 31 January 2026
Page 6 ATEmE OF FINAIYCIAL ACTMTILS FOR THE YEARENDED 31 MARCH202S 2025 Unrestricted Total FMDds Funds 2024 Total Funds Notes INCOME Charitable activities Donations and legacies Investn]ent incorne 2(a) 20)) 21c) 60 30268 14,923 60 30,268 14,923 49,000 15.322 TOTAL INCOME 45251 45251 64.382 EXPENDITURE Charitsble activities 22.450 22,450 INCOME LE&S EXPENDTTURE 36.647 36,647 41,932 Net (lossesygaiDs on investinents (1.024) (1,024) 7,576 NET INCOME FOR THE YEAW NET MOVEMENf IN FUNDS 35.623 35,623 49,508 RECONCILIATIOIY OF FUNDS Total fimds brought forward 601.370 601 J70 551,862 Total carried foTrvard £636,993 £636,993 £601 J70
Page 7 BALANCE SHEET AS AT31 MARCH 2025 2024 FIXED ASSETS Investnlents 361,787 366,067 TOTAL FIXED A&SETS 361.787 366,067 CURIIENT ASSETS Cash at bank 283.5(1S 244.069 TOTAL CURREKf ETs 283.5( 244.069 Creditors: Amounts failtng due within one year 8.3(K) 8.766 2752155 235J03 io £636,993 £601J70 636,993 601,370 £636.993 £601,370 Apprfyved by the Trustees on 31 January 2026 and sfigned OD their behalf by: G DIBBEN P MEACHER The Dotes on pages 8 to IS forni part of these Finmcid Statement&
Page 8 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH2025 ACCOUNfiNG POLICIES Th¢ principal accowjting w)li¢ies adopted in preparation of the Financial Ststements are as follows: (a) Basig of Preparation The Financial Statements have been prepara underthehistorical rA)Stconvention with items recognised at cost or transaction value unless otherwise stated in the relevant not¢s to the accounts. The Financial Statements have been prepared in accordance the Statement of Recommended Practice: Accounting and Reporting by CEwitie4 applicable to charities preparing the Financial Statements in accordance with the Financial RertIng Stsndard applicable in the UK and Republic of Ireland (FRS 102)- (Chariti&s SORP (FRS 102)) and the Financial Reporting Standard applicable in the UK and Republic of treland (FRS 102) and the Charities Act 2011. The charity constitutes a public benefit entity as d¢fined by FRS 102. The trustees consider that the are no material uncerlainties about the charlty's ability to continue &8 a going con¢enL (b) Ineome Donalions and Le ie Donations and legacies atr recognised when received by or on behalf of the charity. Gift Aid Tax recoverable is recoSed when the donation is received. (c) Expenditure Expenditure on chwitsble activities comprises those costs incurred by the charity in th¢ delivery of its activities and ar¢ recOlsed when th¢y are due. Support sts are those functions that assist th¢ work of the charity but do not directly undertake the charitable a¢tiviti¢s. Govwnanc¢ costs inclu(k those costs associated with mling the statutory requirements of the Chlty.
Page 9 NOTES TO THE FINANCIAL STATEMENTS (CO[NUED} FOR THE YEARENDED 31 MARCH2025 ACCOUNTING POLICIES (CONfiNUED) (d) Flxed Asget InvegtmeDts Investments are a fomi of basic financial instnrnt and are initially recogni8 at their transaction value and subsequently measured at their fair value as at the Balance Sheet date using the market value. The Statement of Financial Activities includes net gains and losses arising on revaluation and disposals throughout the year. (e) Caih at Bank and In Hvdnd Cash at bank 8J]d in hand includes c&8h and short-terni highly liquid investments with a short maturity of three months or less from the date of aquisition or opening of th¢ de$It or similar accounL (fj Taxatlon The charity is exempt from Cotporation Tax on its charitable activities. (g) Fund Ae¢ountiDg Genernl fimds wresent the fimds of the charity that are not subj¢¢t to any restrictions regarding their use and are available for application on the general purposes of the clwity. Funds deSId for a particular purpose by the charity aff also unrestricted. Restricted funds represents funds that a restricted as to their use and application. O)) Donated Servlees Donated services and facilities included at the value to the charity, where this Can be quantifie (i) FinaD¢iAI Instruments The charity only h&s financial &8sets and financial liabilities of a kind that qua]ify b&8ie fll)cial instrument& Basic financial instruments are initially regniSed at transaction value and subsequently measured at th¢ir settlement value.
Page 10 FENWICK COMMUNITYFIiTID NOTES TOTHE FINANCIAL sTATEmEs (CONTINUED) FOR THE YEAR EIYDED 31 MARCH 2025 COME 2025 Unrestricted Total Funds Funds 2024 Total Funds (a) Cbaritable Actlvltie8 Lott¢ry 60 (b) DonatloDS and Legaeles Legacies Donations 30,256 12 30,256 12 49,000 30,268 30268 49,000 (c) Investment Ineome B8nk interest re¢¢ived Investment interest received Dividends 1Ved 2,350 6,022 6,551 2.350 6,022 6,551 2,418 5.305 7,599 14,923 14,923 15,322 TOTAL INCOME £45251 £45.251 £64,382 All income for both the years was unrestrict&L Ther¢ were no donated servi¢¢s or facilities receivable Nvhich would be quantified in the year (2024- £nil).
Pag¢ll NOTES TO THE FINANCIAL STATEMENrs {CONllNUED) FOR THE YEAR ENDED 31 MARCH 2025 ANALYSIS OF EXPENDrruRE ON CHARITABLE ACTIVITIES 2025 Total Funds 2024 Total Funds Actlvitles D¢v¢lopment costs Legal and professional fees Support costs Governance costs 7,875 10,056 3,154 1,365 3.888 3.336 1.380 3,888 3,336 1,380 TOTAL RESOURCES EXPENDED £8,604 £8.604 £22,450 All expendituR on ¢haritable activities for both years was unrestricted. ANALYSIS OF SUPPORT COSTS The charity identifies the costs of its support fimctions which are applied to the charitsble a¢tivitie8 undertaken (se¢ note 3) in the year. Refer to the tsble below for the basis for apportionment and the analysis of SUprt costs. General Support Total Ba8iJ of GovernaD¢e Fundj Apportlonment Investment service fees Independent examiner's fees Sundry expenses 3,314 3.314 1,380 22 Usage Governance Usa8e 1,380 £3.336 £1,380 £4,716
PAge 12 FENWICK COMhtUNITY FUND IYOTES TO THE FINANCIAL STATEMEIYTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEE REMifNERATIONAIYD EXPENSES No payments were made to tn]stees by way of remunerntion or expenses during the year (2024 - £nxl). 2025 2024 Movement in Fixed Asset Listed IDVUtmeDts Market value as at l April 2024 Add: Additions to inveslm¢nts at cost 365,748 358,315 21,840 32,304 387,588 390,619 Disposal proceeds (25.612) (32,447) Add: Net realised gain/Ooss) on share disposals Net unrealised Oo&sygain on revaluation at 31 March 2025 1,696 (2,720) (1,344) 8,92Q Market yUe os at 31 March 2025 360,952 365,748 Cash held within the investment portfolio- investment account 835 319 £361,787 £366,067 Historical Value of Inveslments Historical value of inveslments at l April 2024 Additions during the year Disp)saJs at historical value 358,958 357,698 21,840 32.304 {38,032) (31,044) Historical valu¢ of investsnents at 31 March 2025 £342,766 £358.958 All investments ar¢ wri¢d at th¢ir fair valu¢ within an invesknent w)rtfoIio. managed by an investment services company.
Page 13 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 BANK ACCOUNTS 2025 Lloyds Trwurer's Account Lloyds 30 day Notice National Savings Bond Lottery account Income account 54,152 17,844 213,275 210J65 15,OC 15,iJ)O 489 429 431 £283,506 £244,069 CREDTTORS: Amowits Falling Due Within One Year 2025 2024 Accruals £8,300 £8,766 FINANCIAL INSTRUMENrs Financial instruments me&%ured at amortised cost comprised the following: 2025 2024 Financial assets that are debt instruments Financial liabilities that are debt inslruments £8JOO £8,766
Page 14 FENWJCK COMMum FUND NOTES TO THE FINANCIAL STATEMENrs (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 10. ANALYSIS OF NET ASSETS BETWEEN FIJNDS 2025 Total Funds 2024 Total FuDds Gener¥dl Funds Fixed &sset inv¢stments Current assets Current liabilities 361,787 361,787 366,067 283,506 283,506 244,069 8,300 8,300 8,766 Total funds £636,993 £636,993 £601,370 I I. ANALYSIS OF CHARABLE FUNDS At Incoming Outgoing Net Gainsl At 01.0424 Resources Resources ILosJ¢s) 31.0325 Unr¢stricted Funds 601.370 45,251 8,604 (1,024) 636.993 Totsl Unre8trieted Fwids 601J70 45251 (1,024) 636,993 Totsl Funds £601.370 £45251 £8,604 £(1,024) £636.993 Unrestrieted Funds comprise those funds which tn are free ts use in ardance with the chaTitable objects. 12. RELATED PARTY TRANSACTIONS Th¢r¢ were no related paty transactions arising in the year to 31 March 2025 (2024 - £nil).
Page 15 (CONTllYUED) FOR THK YEARENDED 31 MARCH 2025 13. coNfiNGENT LIABILITILS AND CAprrAL cOMMTfMEs The charity had no contingent Riabilities or capitat conllnitments at 31 March 2025 (2024- £nil). 14. POST BALANCE SHEET EVENTS The charity h&$ no post Balance Shed events (2024 - £nil). 15. TAXATION As a registered charity. th¢ income is generally exempt from tsx on InMe and gains falling within s.524 of the Income Taxes Act 2007 and s.256 of the TtIOn of Chargeable Gains Act 1992. No tsx cbarges have arisen in the charity. 16. CIIANGE OF NAME During the year ended 31 March 2025. the cl)arity changed its name from The Leaguc of Hospitsl and Community Friends (Fenwick Hospital Lyndburst) to Fenwick Community Fund.
THE FOLLOWING PAGE IS FOR MANAGEMENT INFORMATION ONLY
Page 16 DETAILED INCOME AND EXPENDITURE ACCOUNr FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 COME Bank interest Investment interest Dividends Legacies Donations 2,350 6.022 6.551 30256 12 2,418 5,305 7,599 49,000 45251 64,382 EXPENDITURE Development costs Legal and professiona] ftts investment services fees Independent examinu's fees Sundry expenses 7.875 10.056 3.154 lJ65 3.888 3,314 iJ80 22.450 SURPLUS BEFORE GAINSI(LOSS ON INVFSTMENTS 36.647 41.932 Realised (lossesygains on investments Unrealised (lossesygains on investments 1,696 Q.720) (1,344) 8,920 (1,024) 7,576 SURPLUS FOR THE YEAR £35,623 £49.508