THE FRIENDS OF THE ROYAL LONDON HOSPITAL IWHITECHAPEL) FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 THE FRIENDS OF THE ROYAL LOIIDON HOSPITAL IWHrrECHAPEL) FINANCIAL STATEMENTS FOR THE YEAR ENDEO 30 JUNE 2024 INDEX Pag• Charity Infomwtion Report and Responsibilitiès of the Trustees R8FM)rt of the Independent Exarrin8r slater￿nt of Financial Activities Balan(* Sheet Lcounting ky)licies 8-9 Notes to the Financial Statem8nts T•• *OYAi I Ai t*MYir.HA•IILI Poli Illt AII ENIJFO J• Jiiiie xi14 ellAiiifY IllPOllMATIt)11 Ch•ffty numb•r EI IFR Ba￿1￿￿& Bank PLC 240 WhrtfjthaF￿ Ro•d El l&J SIn￿ FCA jem￿r S Co Lld 7 Muriay Cresc￿1 Pffir HA5 JQF P¥*1 THE FRIEND8 OF THE ROYAL LONDON HOSPITAL IWHITECHAPELI FINANCIAL 8TATEMENT8 FOR THE YEAR ENDED JO JLINE 2024 Th• TN•M•• prn••nt lh• feporl •nd fln•ncl•l •14i•m•nl• of Th• Frl•ndJ ol Th• R(ry•l London Holpltal IWhlt•ch•p•ll lor th• y•4f •nd•d 30 Jun• 2024 Structur•, GO￿nance and Manapment CONSIITUTlOt4 IIKI ol fv Ro￿1 L¢xth Hw)itsl Whlte¢h&pd l• & r8gl8ler8d charity (No 27Wg1, and an fyffilth membor LTr1 the N•th￿l A8•odath"cffi ol ￿(￿￿1#1 and c¢ynMun￿ Frt84￿8. Tho govwnlNJ dowrnent tsf thtr cfority 18 the corotrtLffjon. TRUSTEES 8tèO8 are decled by member8 ol The Friend8 cl Ihg Royel LoTrkn Hcyit81 IWhrte¢hyll at kn AnThJ81 M•8Or4J. •t•e• hc4dlng offwx dunro Ihe yeorwere.. Prolessor T 8eedhAm . PresKlenl M6 J W81kw. MBE- Chair Miss E J RobIn8c￿- Jcmni Chair Mrn S Kopdm8n- Vice Ch￿r IAr R G8nlw- Treawrer Mrs S Canleki Mrs J Clark Mr J Cl*rk Ms M Den￿￿M Mr R J Evans Mr N Flelcher Mr S Hwri8 IT￿Or￿ 20 Sept 20241 Mr S Laluria Mrs J RK*Jir Dr K Wafk PTLlesxK P Vlrigm IMDUCTION AND TRAINING OF TRUSTEES A prcgramme of irMl￿tIon aThJ tra￿Ing has been approved by the TnvJlees. Al Tru¥tee8 wjree in wrrtiTMJ to cornply wth The Charity Ccmmission's publiratlon.. Tr Essenti￿ TnJstee'. what need to k￿w, what you need lo do., HOW ARE THE FRIENDS ORGANISED The Frien¢ts Of The Royal Londm Hospitel (Whiled￿pe1) is m•*ged and contr￿ by vc4unteer TfU$tee8. Adminthti¥e and 6ecrelari&l dutbes a￿ rArried by Ihe vwirNJs Cornmrtlee mernbws. RISKS AND INTERNAL CONTrOLS Tru8teeB have overall responsibility f¢x en8uriThJ Ih8t the d￿[rty h88 appr￿nate systwn8 01 ccrtToI8. both ffinawal CWoiKmal. S￿*eMS are desigrth to provKle rea8(￿th. txA not 8S8urw against mal￿al rnL8st*t￿t Dunro the yeaf the Tru8teets witinwl to rtsvi8w th8 mw finhnra81 owatv)n&l risks facing the charity. Trusloe6 ¢¢￿tintse lo monikf the cwatKyi$ of the CW to ensure Itth contrrJ8 are in pl8ce lo pr(rte¢l the Chanty, its rnernbws aTr ObJectlTM$ and Actlvltles OBJECTS OF FRIEN08 OF ThE ROYAL LONDON HOSPITAL IWHITECHAPELI FrteThts Of The Royd Lovvkn How't4 16 a reg16tBr*l tharity and 18 an alfliole mernbef ¢A th& Nalyjn Ho8pII81 Communty Frie￿1$. 1118 e61alAi8hwJ to inprove experiw and lo pr08èNe and wot8ct th heomh ol peli•ntB of Ihe Royd LO￿ F108Pltal Iwhitschapdl 8ThJ ots*r 8urrourKlitNJ kx81 cornmunity heahh provider8 by wovMlir¥J 88818￿[Va in Ihe pf0vi￿￿ ol tsi111￿. euwt ￿[v￿*8 ond tyuipment Tryrnalty w¢)vNYod by the •tatukry aut￿￿8¥. indwjivy rneilKÉi r888QftY). P•2 THE FRIEND8 OF THE ROYAL LONDON HOSPITAL IWHITECHAPELI FINANCIAL 8TATEMENT8 FOP THE YEAR ENOED 30 JUNE 2024 HOW HAS THE FRIEND8 TIIIED TO FUR THER THE8E AIM9 ? txthno th• Th• Frlends h•v• hèld •¥￿1•, rAl••d lund• •FKI m8de don•tk)n• lor lh• purch￿• of •qulpm•nt 8nd th• p￿￿￿10n ol IvK.IIIV•B ￿1h1n and Lxthlh lh8 ho•pltal, IncludlrvJ lh8 prf)vl8knn ol Ilomo to anhonco Iho expoyrlence of patlent• upptrlryJ th• oi Ibe ho8￿101. FUrthe￿￿ore. The FrloThl8 hAV• 8(MMJhl lo putrilld•e Iholi work In out of th• lry)Ilal by h￿1￿0 luThfr8i•lty •vet)ts #nd In lh8 IM)8pttAI commvnlty. Th8Be offorl8 havo Inc4ud•¢J oroBnlsing musk81 r•cltslg vllhln Ihe ho$￿181. perform￿) by volunt08rn. Th8 8hnp Irolley ••rylc• l• o1•0 opgf8t•d ty vdunlo•f•, 8ThJ w8• lty •rved•i•d by h)8pltel p#l+en19, 1118lr vl8llor8 Ond ho8pIIo18talr. ACHIEVEAIENfs •nd PERFORAIANCE WIIAT HAS THE FRIENDS ACHIEVED OURING THE YEAR ? ng ￿r, thè Tru•teè$ provkled funds for Ihe Supply ol nvw'Denverf r8rJlnSrKJ trè&tment chalr8 fN the Haématdogy Day UnK. 8nd Bupr¥yttd ¥emambrance 8ervlce8 for Ihe f8mllleB and fri6ndÈ crf r&nal p8t*nt8. 8nd a %￿M￿l81 Day lor organI8ed by the P08di8irtc CflllrAI C8ro Unit. Gr8ntS 8160 Included the trbd¢tional amual Chrkna8 WArd donBtk>ns. 8nd r*oviBlon ol 8 lrtdge for Ihe 8lor8ge ol 8upplemenl8ry feeds for pglient8. Further inlormAtlon can be f¢yKK181 w•￿.friends0fth￿oY8l￿nd￿h0$p1t9l.0rg.Uk. The 8¢hedult of grgnts 8warded ￿ $h(r•m in note 2 of th888 fin8nciAI 8t8tsment8. IMPORTANT EVENTS OURING THE YEAR Trustses ¢￿Inve th*'r active 8ppro8ch to r8isiry incorne lor charitab￿ pu￿￿Se$. and using it in the ftjrtherar￿e of 4t4 •irns. Th• Annual sponsored 10k run was held again in Juty 2023. Following last y88ls initiative, the Trust￿ have conUDu8d to delNer rnusic recrt818 utilisiTrJ Ihe in the hosimtal loyer. and atso occasionally on the Iwital waTt1$. There were vdunteer perf(Th8rKes by staff. sbjdent volunteffl5 . mvjthl 8nd den￿ - from QLfftn Mary Uniwsity of LOnth￿, and by rnus￿ st￿jentS from London's ￿llege$ of music, hosprtal p81i8nlS. fomer patients, sctM>JlJ arKI Irorn the locsl comrnunty. FINANCiAL RESULTS FOR THE YEAR Tr￿* sale5, d￿t￿5n$ 8nd b•nk interesl have provNkd lh8 moin part of the Charitys 8nnual inwme, which was also bDDstsd by 8 s￿jnIf￿ant grant from Th8 Mar* Cdes¢È Samorilan &x>&ty. Th& rewlts of the year are shown in the statern￿t of Financial Activitles on P8ge 5. The Chaiiiy achwed o surplu5 the year of £5.77512023 - £6,841). The Finanr4¥1 ￿lcY dowm by Tru$t8e8 is th8t the th8rity sh>JkJ ￿r1erallY 81rn to br8ak evts*) over time at the oper8tiryJ l. The investmant Fxyw of the Tru$tees is lo invest cash re88TVeS in intefest ￿8￿ng accounts and sirnilar incorr gorw8tKYJ investments. LhJrir4g the prior year. the Trust88s (18udwJ io diversrfy by investing a portion of the acuJmuLgt8d TeBorwe5 in 8 ￿nd of sustainabk equty.type gr(y•rth assets for brylerm L¥Pltal appreGwtK)n. Reserye$ ar? held for fv￿re elpor￿rtUr8 cunmitments wh￿h lall wrfhin the d)8rity'5 r*4ects. Trustees 8re satisw the results for Ihe year and cOr￿Ider trffjt the Ch8ritYs ore 8CrtJThl. RESPOIISIBIUTIES OF THE TRUSTEES TTUStO9$ are fe8wnsibl8 rn8lrrt8iniry wr4)er 8(xXyJnD￿ r8cord8 di￿10$￿, *ith rfr8sona￿e accura¢y at any tim8J. the fywnd81 pcduon of lh¥ Chanty. athl IC￿ takw¥J re&80no14v Sleps for th• prevent¥)n and dete¢tK)n of fraud other In fmwKa81818tements Ihe TNste08 are r￿ulre￿j lo.. al sew su*leble 6Gwunting p(Al¢￿8 Ihen ttppty tsm conslGlenty'. bl make jUdgw￿nIS and 08tim8tes that or6 r&asonobbe arvj prudenl.. l FY?pare the 8tatement6 on e ¢(¥v)Jm ts8L* 11 16 inapprtylAb to prnsuma that tha Ch•nty %blll c¢thue lo operato. PUBUC BENEFIT SYATEMENT W• i•vk8* our 41m8 and ctycUvè¢ *Mu￿lY loc4Éw 01 our planTh￿l actthlla8 fN tho ￿mI￿j yeaf. We roforred to th• Ch•rlly cOmTr￿SS￿ g@nw81 guidanco on Publk and have (%)nBkl8i￿l how our actmlies meal tho nwJ$ ol our The hA8 wo¥tslgd oquipmanl 10¢l11106, w*d round trolley 8&￿. and organl&od vokJnW Ilby mu•k•l Io tho oxperieThr* ol patJ4nts, ￿¥110￿, 81011 careiB *41hln tho hosprtal. TruBieÈ Ond Pi••ldw* P4t3 Tme FRIENDS OF THE ROYAL LONDON HOSPITAL IWHITECHAPELI FINANCIAL 8TATEMENT8 FOR THE YEAR ENDED 30 JUNE 2024 INDEPENDENT EXAMINER'S REPORT TO THE TRUgTEES THE FRIENDS OF THE ROYAL LONDON HospifAL IWHITECHAPELI I r•port on th• accnunts ol the Ch•rlty tor Ihe ye8r •nd8d 30 Jun• 2024 whlch Arè 881 out on pag88 S 10 9 RMp•¢tlv• r••pon8lbllltl•8 of Tru•t•e8 and Examlner Th• Charity's trustees 8re rèsponsible for the preparation ol 8ccounls The Charity's Irug1888 con8ider that an audil Is not required for this year under Section 144121 of the Charities Act 2011 Ilhe 2011 Aell and that an independent •￿Min￿￿on is needed. 11 Y6 my responsibility to.. - examine thg accounts under Sech'on 145 of the 2011 Aet ,' - follow prctedures laid down In the general Directions given by the commission In seCt￿n 145151 Ibl of the 2011 Act state whether particular matters have come to my attention BJ$is of ind•pendènt examlner's report My examination was carried out In accordance with the general direction given by the Charity Commission. An exarninatr'Dn includes a review ol the accoijnling records kept by Ihe charity and a comparison of the accounts presented with those records 11 also includes consideration of any unusLJal items or clisclosures In the accounts. and seeking explanations from the trustees conceming any such matters The procedures undertaken do not FKovide all the evidence that would be required In an audit. and consequently no opinion is given as lo wttelher the arj￿Jnts present a "true and fair vievl, and the report Is limited lo those matters sel out in the next statement. Indep•nd•nt examinerfs Statement I have compleled my examination. I confirm that no material matters have come lo my attention in conneeb.on with the examination which gives me cause lo believe that. In any material respect the accounting records were not kept in accordance wilh S130 01 the Charities Act, or the 8ccounls did not accord with the accounting records., OT the accounts did not comply with the applicable requirements concerning the form and conlenl of accounts set out in the Charities (Accoun15 and Reports) Regulations 2008 other than any requirement that the accounts give 8 "true and lair" view which 15 not a matter considered as part of an independent examlnalion. I have no concerns and have come across no Olher matters In connection with the examination to which attent￿ should be drawn In this report In order lo enable o proper undarslanding Of the a￿OUnts to Simon Al&xandèr FCA Ajexandef & Co (Accountancy) Ltd 7 Murray Crexent Pinner Middlesex HA5 3QF 09 .2024 Pa8e 4 THE FIIIÉP4D8 OF TME ROYAL LONDON HO8PITAL IWHITECHAPELI IITATEMENT OF FINANCIAL ACTIVITIE8 FOR THE YEAR ENDFD 30 JUNF 2024 Unr••lrlclod Fund• 2024 2023 Incomlng r••tsurc•• SubBcdpth)nA 8nd th)nalky*8 Lo9ocl8s and gr8nl$ other Incomt B•rik Inlèr8St 5,507 15.IX>O 16.1 16,349 14,354 13,249 10.515 53.046 44.022 R•Bourc•s expend•d Direct ch8rIlab￿ expenditure 45,332 35.421 Oth•r •xp•ndlture Man8gement and adminislr8li)n 1,939 1,760 Total resources expendtd 47,271 37,181 Not mov?m?nt in fund 5.775 6,841 Fund balance bfought forward al 1 July 2023 527,168 520,327 Fund babrte Corr￿ frThar¢Y 8130 June 2024 532.943 527,168 Ttr*e ore rn other rewjniwj gains or k)$6e6 in the pefKxd. All wnw)ts rdat¢ to r￿tInuIng 0￿rations. The •cc￿lIng aCr￿jn11n9 [￿•1￿8 and nole6 on page 7 lo pagfj 9 fomi an Inlgoral part ol Ihe8a Fln•nd•l St•l•ment•. Pa8t 5 THE FRIENDS OF THE ROYAL LONOON HOSPITAL ￿H1TECNAPELl BALANCE SHEET AS AT 30 JUNE 2024 Noto8 2024 2023 Tanglbl• Ilxod •ss•t• Tr￿loY Stocks OebtC*$ And prepA￿nents Cash at b#nk in hand '. Current ac(x)unts Dapc6lt ac(x)unts 1,763 442 1,152 422 3.911 328,435 15,687 431,709 Total Cu￿nt assets 334.551 448,970 Non4urrent assets Non-C4Mrgnl ￿VeStmentS 21X),c￿O Total Assets 534,551 528,970 Current liabilitie$ Greditors due h￿thIn year 1,610 1,804 Total assets less current liabilitie$ 532.941 527.166 Total net assets 532,943 527.168 Balance aVaSIab￿ for dlstribvtion Income funds Restn"cted funds - Muwc Project Unrestricted funds- General 12.446 520,497 527.168 Totsl Funds 532,943 527,168 The fm8ncial 8tatements wefe apwoved by the Trusteos of Th8 Friends of tha Royal LC￿thn HosFrf'tal IWhtt8chapdl on 1É4k Q.¢¢...., 2024 8nd soned on their behalf by '. Prof. Trevor Beedham . President The ￿MPOny1ThJ acoounting pcAlce8 And note8 on paoe 7 to pago 9 fom) an Integral part of thes& Pa8e 6 THE FRIEN08 OF THE ROYAL LONDON HOSPITAL IWHITECHAPELI ACCOUNTIP4G POLICIES BASIS OF PAEPARING THE FINANCIAL STATEMENTS The financial stAlenie.i)Is have been prepAred Iii acc.ordAnce %¥llh the provlglons ol Secllon 1A "Small Enlilies" ol Fin8nci81 Reportinq Slai)dard 102 "Tl)e Fir78nciAI Reporllng Slgndard Bpplicable In lh8 UK and Republic ol Ireland., SORP 'Slal8m8nls ol Reeommended Pracllc8" Bnd the Chartll88 Acl 2011. The accounts aro Pf8pared und8r the hlslorlc41 c051 convenllon. The principBI Bccounling policies adopted in Ihè preporallon ol Ihe Ilnancial slalemenls are sel out bÈlow and have remAined unchanged Irom thè prewouy ye8r, and h8ve also been consislenlly applied within the same accounts. INCOME Donatlons and glft$ All monetary don81ions an(1 gifts are included in full in the slalemenl of financial activities where receivable, prowded that there are no donor imposed reslrictK>ns as to the liming of the relaled expenditure. in which case recognition is deferred until the pre-condition has been mel. Legacie5 to which thè charily is enlilled are included in the sialemenl of financial activities unless they are Ir￿aPable of measurement. C85h collected lo which Ihe Charity is legally enlilled bul which has not been re¢eNed al the yeaf end is included as in(x)me. Donations under deed of covenant together wilh the ass¢xialed income lax recoveries are crediled as income when the dDnatlDn5 are ￿¢￿1ve0. Investment income Investment income, including associ8ted income lax recoveries. is recognised when receNable. EXPENDITURE Expenditure. wh¢ch is charged on an accruals ba515. is allocated between '. expendrtufe incurred direclly in the fu￿lIMent of the chantys objectives Idirect charilablel; expenditure incurred in the management and administration of the charity. FUND ACCOUNTING Unrestricted funds are donations and oiher incomiThJ resources recewed or generated lor expenditure on the general objectives ol the charity. Restricted fund5 are segregated where the terms ol the donalionlsl require the donated funds to be used lor a designated purpose. DEPRECIATION DeprerJa1￿n is calculated to wnte down the cost ol all tangible fixed assets by equal annual insialmenls over theif expeded useful lives. The r8tes generally applicable afe , Equipmenl Compuler gquipmant 20% 33.33% STOCKS stocks ar¥ slated al the of co81 or net rtrallsBble value. INVESTMENTS Inveslments ￿nsISt ol current Inveslmenis - rnainly short-lerm bank detx)sitS - 8nd non-currenl investments, which are heid for k)ng-lerm capital appreciation. Nonns. 8nd r*oviBlon ol 8 lrtdge for Ihe 8lor8ge ol 8upplemenl8ry feeds for pglient8. Further inlormAtlon can be f¢yKK181 w•￿.friends0fth￿oY8l￿nd￿h0$p1t9l.0rg.Uk. The 8¢hedult of grgnts 8warded ￿ $h(r•m in note 2 of th888 fin8nciAI 8t8tsment8. IMPORTANT EVENTS OURING THE YEAR Trustses ¢￿Inve th*'r active 8ppro8ch to r8isiry incorne lor charitab￿ pu￿￿Se$. and using it in the ftjrtherar￿e of 4t4 •irns. Th• Annual sponsored 10k run was held again in Juty 2023. Following last y88ls initiative, the Trust￿ have conUDu8d to delNer rnusic recrt818 utilisiTrJ Ihe in the hosimtal loyer. and atso occasionally on the Iwital waTt1$. There were vdunteer perf(Th8rKes by staff. sbjdent volunteffl5 . mvjthl 8nd den￿ - from QLfftn Mary Uniwsity of LOnth￿, and by rnus￿ st￿jentS from London's ￿llege$ of music, hosprtal p81i8nlS. fomer patients, sctM>JlJ arKI Irorn the locsl comrnunty. FINANCiAL RESULTS FOR THE YEAR Tr￿* sale5, d￿t￿5n$ 8nd b•nk interesl have provNkd lh8 moin part of the Charitys 8nnual inwme, which was also bDDstsd by 8 s￿jnIf￿ant grant from Th8 Mar* Cdes¢È Samorilan &x>&ty. Th& rewlts of the year are shown in the statern￿t of Financial Activitles on P8ge 5. The Chaiiiy achwed o surplu5 the year of £5.77512023 - £6,841). The Finanr4¥1 ￿lcY dowm by Tru$t8e8 is th8t the th8rity sh>JkJ ￿r1erallY 81rn to br8ak evts*) over time at the oper8tiryJ l. The investmant Fxyw of the Tru$tees is lo invest cash re88TVeS in intefest ￿8￿ng accounts and sirnilar incorr gorw8tKYJ investments. LhJrir4g the prior year. the Trust88s (18udwJ io diversrfy by investing a portion of the acuJmuLgt8d TeBorwe5 in 8 ￿nd of sustainabk equty.type gr(y•rth assets for brylerm L¥Pltal appreGwtK)n. Reserye$ ar? held for fv￿re elpor￿rtUr8 cunmitments wh￿h lall wrfhin the d)8rity'5 r*4ects. Trustees 8re satisw the results for Ihe year and cOr￿Ider trffjt the Ch8ritYs ore 8CrtJThl. RESPOIISIBIUTIES OF THE TRUSTEES TTUStO9$ are fe8wnsibl8 rn8lrrt8iniry wr4)er 8(xXyJnD￿ r8cord8 di￿10$￿, *ith rfr8sona￿e accura¢y at any tim8J. the fywnd81 pcduon of lh¥ Chanty. athl IC￿ takw¥J re&80no14v Sleps for th• prevent¥)n and dete¢tK)n of fraud other In fmwKa81818tements Ihe TNste08 are r￿ulre￿j lo.. al sew su*leble 6Gwunting p(Al¢￿8 Ihen ttppty tsm conslGlenty'. bl make jUdgw￿nIS and 08tim8tes that or6 r&asonobbe arvj prudenl.. l FY?pare the 8tatement6 on e ¢(¥v)Jm ts8L* 11 16 inapprtylAb to prnsuma that tha Ch•nty %blll c¢thue lo operato. PUBUC BENEFIT SYATEMENT W• i•vk8* our 41m8 and ctycUvè¢ *Mu￿lY loc4Éw 01 our planTh￿l actthlla8 fN tho ￿mI￿j yeaf. We roforred to th• Ch•rlly cOmTr￿SS￿ g@nw81 guidanco on Publk and have (%)nBkl8i￿l how our actmlies meal tho nwJ$ ol our The hA8 wo¥tslgd oquipmanl 10¢l11106, w*d round trolley 8&￿. and organl&od vokJnW Ilby mu•k•l Io tho oxperieThr* ol patJ4nts, ￿¥110￿, 81011 careiB *41hln tho hosprtal. TruBieÈ Ond Pi••ldw* P4t3 Tme FRIENDS OF THE ROYAL LONDON HOSPITAL IWHITECHAPELI FINANCIAL 8TATEMENT8 FOR THE YEAR ENDED 30 JUNE 2024 INDEPENDENT EXAMINER'S REPORT TO THE TRUgTEES THE FRIENDS OF THE ROYAL LONDON HospifAL IWHITECHAPELI I r•port on th• accnunts ol the Ch•rlty tor Ihe ye8r •nd8d 30 Jun• 2024 whlch Arè 881 out on pag88 S 10 9 RMp•¢tlv• r••pon8lbllltl•8 of Tru•t•e8 and Examlner Th• Charity's trustees 8re rèsponsible for the preparation ol 8ccounls The Charity's Irug1888 con8ider that an audil Is not required for this year under Section 144121 of the Charities Act 2011 Ilhe 2011 Aell and that an independent •￿Min￿￿on is needed. 11 Y6 my responsibility to.. - examine thg accounts under Sech'on 145 of the 2011 Aet ,' - follow prctedures laid down In the general Directions given by the commission In seCt￿n 145151 Ibl of the 2011 Act state whether particular matters have come to my attention BJ$is of ind•pendènt examlner's report My examination was carried out In accordance with the general direction given by the Charity Commission. An exarninatr'Dn includes a review ol the accoijnling records kept by Ihe charity and a comparison of the accounts presented with those records 11 also includes consideration of any unusLJal items or clisclosures In the accounts. and seeking explanations from the trustees conceming any such matters The procedures undertaken do not FKovide all the evidence that would be required In an audit. and consequently no opinion is given as lo wttelher the arj￿Jnts present a "true and fair vievl, and the report Is limited lo those matters sel out in the next statement. Indep•nd•nt examinerfs Statement I have compleled my examination. I confirm that no material matters have come lo my attention in conneeb.on with the examination which gives me cause lo believe that. In any material respect the accounting records were not kept in accordance wilh S130 01 the Charities Act, or the 8ccounls did not accord with the accounting records., OT the accounts did not comply with the applicable requirements concerning the form and conlenl of accounts set out in the Charities (Accoun15 and Reports) Regulations 2008 other than any requirement that the accounts give 8 "true and lair" view which 15 not a matter considered as part of an independent examlnalion. I have no concerns and have come across no Olher matters In connection with the examination to which attent￿ should be drawn In this report In order lo enable o proper undarslanding Of the a￿OUnts to Simon Al&xandèr FCA Ajexandef & Co (Accountancy) Ltd 7 Murray Crexent Pinner Middlesex HA5 3QF 09 .2024 Pa8e 4 THE FIIIÉP4D8 OF TME ROYAL LONDON HO8PITAL IWHITECHAPELI IITATEMENT OF FINANCIAL ACTIVITIE8 FOR THE YEAR ENDFD 30 JUNF 2024 Unr••lrlclod Fund• 2024 2023 Incomlng r••tsurc•• SubBcdpth)nA 8nd th)nalky*8 Lo9ocl8s and gr8nl$ other Incomt B•rik Inlèr8St 5,507 15.IX>O 16.1 16,349 14,354 13,249 10.515 53.046 44.022 R•Bourc•s expend•d Direct ch8rIlab￿ expenditure 45,332 35.421 Oth•r •xp•ndlture Man8gement and adminislr8li)n 1,939 1,760 Total resources expendtd 47,271 37,181 Not mov?m?nt in fund 5.775 6,841 Fund balance bfought forward al 1 July 2023 527,168 520,327 Fund babrte Corr￿ frThar¢Y 8130 June 2024 532.943 527,168 Ttr*e ore rn other rewjniwj gains or k)$6e6 in the pefKxd. All wnw)ts rdat¢ to r￿tInuIng 0￿rations. The •cc￿lIng aCr￿jn11n9 [￿•1￿8 and nole6 on page 7 lo pagfj 9 fomi an Inlgoral part ol Ihe8a Fln•nd•l St•l•ment•. Pa8t 5 THE FRIENDS OF THE ROYAL LONOON HOSPITAL ￿H1TECNAPELl BALANCE SHEET AS AT 30 JUNE 2024 Noto8 2024 2023 Tanglbl• Ilxod •ss•t• Tr￿loY Stocks OebtC*$ And prepA￿nents Cash at b#nk in hand '. Current ac(x)unts Dapc6lt ac(x)unts 1,763 442 1,152 422 3.911 328,435 15,687 431,709 Total Cu￿nt assets 334.551 448,970 Non4urrent assets Non-C4Mrgnl ￿VeStmentS 21X),c￿O Total Assets 534,551 528,970 Current liabilitie$ Greditors due h￿thIn year 1,610 1,804 Total assets less current liabilitie$ 532.941 527.166 Total net assets 532,943 527.168 Balance aVaSIab￿ for dlstribvtion Income funds Restn"cted funds - Muwc Project Unrestricted funds- General 12.446 520,497 527.168 Totsl Funds 532,943 527,168 The fm8ncial 8tatements wefe apwoved by the Trusteos of Th8 Friends of tha Royal LC￿thn HosFrf'tal IWhtt8chapdl on 1É4k Q.¢¢...., 2024 8nd soned on their behalf by '. Prof. Trevor Beedham . President The ￿MPOny1ThJ acoounting pcAlce8 And note8 on paoe 7 to pago 9 fom) an Integral part of thes& Pa8e 6 THE FRIEN08 OF THE ROYAL LONDON HOSPITAL IWHITECHAPELI ACCOUNTIP4G POLICIES BASIS OF PAEPARING THE FINANCIAL STATEMENTS The financial stAlenie.i)Is have been prepAred Iii acc.ordAnce %¥llh the provlglons ol Secllon 1A "Small Enlilies" ol Fin8nci81 Reportinq Slai)dard 102 "Tl)e Fir78nciAI Reporllng Slgndard Bpplicable In lh8 UK and Republic ol Ireland., SORP 'Slal8m8nls ol Reeommended Pracllc8" Bnd the Chartll88 Acl 2011. The accounts aro Pf8pared und8r the hlslorlc41 c051 convenllon. The principBI Bccounling policies adopted in Ihè preporallon ol Ihe Ilnancial slalemenls are sel out bÈlow and have remAined unchanged Irom thè prewouy ye8r, and h8ve also been consislenlly applied within the same accounts. INCOME Donatlons and glft$ All monetary don81ions an(1 gifts are included in full in the slalemenl of financial activities where receivable, prowded that there are no donor imposed reslrictK>ns as to the liming of the relaled expenditure. in which case recognition is deferred until the pre-condition has been mel. Legacie5 to which thè charily is enlilled are included in the sialemenl of financial activities unless they are Ir￿aPable of measurement. C85h collected lo which Ihe Charity is legally enlilled bul which has not been re¢eNed al the yeaf end is included as in(x)me. Donations under deed of covenant together wilh the ass¢xialed income lax recoveries are crediled as income when the dDnatlDn5 are ￿¢￿1ve0. Investment income Investment income, including associ8ted income lax recoveries. is recognised when receNable. EXPENDITURE Expenditure. wh¢ch is charged on an accruals ba515. is allocated between '. expendrtufe incurred direclly in the fu￿lIMent of the chantys objectives Idirect charilablel; expenditure incurred in the management and administration of the charity. FUND ACCOUNTING Unrestricted funds are donations and oiher incomiThJ resources recewed or generated lor expenditure on the general objectives ol the charity. Restricted fund5 are segregated where the terms ol the donalionlsl require the donated funds to be used lor a designated purpose. DEPRECIATION DeprerJa1￿n is calculated to wnte down the cost ol all tangible fixed assets by equal annual insialmenls over theif expeded useful lives. The r8tes generally applicable afe , Equipmenl Compuler gquipmant 20% 33.33% STOCKS stocks ar¥ slated al the of co81 or net rtrallsBble value. INVESTMENTS Inveslments ￿nsISt ol current Inveslmenis - rnainly short-lerm bank detx)sitS - 8nd non-currenl investments, which are heid for k)ng-lerm capital appreciation. Non