Charity number 0281538 BRITISH FRIENDS OF EDITH WOLFSON HOSPITAL UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021
BRMSH FRIENDS OF EDrrH M)LFSON HoSPAL CONTENTS Reference and administrative details of the Ch•ity. its Trustees and ad¥lsers Trust•¢s' report Independent examin•es report Statement of financlal actlvitles Balancg sheet Notes to th¢ financial statements Page 8-14
BRMSH FRENDS OF EDffH WOLFSON HOSPITAL REFERENCE AND ADMINISTrATIVE DEfAILS OF THE CHARrrY. trs TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5 APRIL 2021 Truste8$ Paisner. Trustee D Cohen. Tnthstee Chty reglstgred number 0281538 Principal office Pa Hicks Beath LLP Lincoln's Inn 10 New Square Lond WC2A 3QG Accountants Elman Wall LimFted Chartered Accountants & Registered Au(lrtors 8th FkK)r, Becket Hse 36 Old Je London EC2R 8DD Bankers B&days Bank plc 1 Churchill pla Level 27 Canary Wharf London E14 5HP Sollcitors pae Hicks Beach LLP Lincoln's Inn 10 New Square London WC2A 3QG Page 7
BRMSH FRIENDS OF EDifH WOLFSON HOSPtrAL TRUSTEES. REPORT FOR THE YEAR ENDED 5 APRIL 2021 The Trustees present their annual reptyt togeth with the financial ststements of the Charity the 6 April 2020 to 5 April 2021. Objgctives and a¢tivfti8s a. Policles and objectives The taritys prtncipal objective i% to prnOte the tharItab alms. object and activities of the hospital. and charitable purpose or purFxises nnected wilh the atharMent of the medical and surgical scien. In setting objectives and plamiThJ fLf &tiwbes. the Trustees tsve wen due consideratiC lo general guidance published by Charity C¢mISSK rdatiThJ to W1¢ benefiL induding guidance 'Public benefrt.. running a charity IP821'. Achiev•ments and FwfomMnc• Financial r•view Donations and investment ÉrKome during Ihe year totaHed £427.(X)212020. £9). tlonalions arKI other (xjtgoings were £428,225 {2020: £76.200). Eyndilure ex(wJed income ty £1,223 12020.. Expenditure exeded income by £76.191). drfreasirTg the funds balance to £631 {2020.' decreasirKd the funds balance to £1,854). The Charity derives its In entirdy donat[. The Charity is exempt from UK tax as ¢nmI&l H M fte¥en and Customs. and És Trgistered for Gtft Aid. . Going conc•m After makin9 appropriate enquines, the Trustses have a reascffl4e exredation that the Charity has adequate resoLtr¢es lo continue in operatKJnal existen for the foreSeeae ftAture. For this reasrj). they continue to adopt the going concem basis in preparing the finanLial statements. Further details regarding the ali)ption ol the going concem basis can te found in aCCnNd pc4ries. b. Reset¥es pollcy At the end of the the ba[an sheet reserves of£631 in an unrestrided geral fund. . Methods of appolntment or election of Trustees The management of the Charity is Ihe resp)n9b1ty of the Trustees are elected and i)>opted under the lemis of the Dedaration of TnJsl. The charity is unincorrKJrated and is govemed by the Dedaration of Tftjrt dated 21 November 1980 ar amended 5 January 2010. There have been no clww in the obieths wnce the last annual ret¥YL Page 2
BRrnsH FRIENDS OF ED1 WOLFSON HosNr TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021 Statement of Trustees. responslbiltties The Trustees are respSIble for preparing the Trustees, reKL)rt and ts finanoal statements in accordan with applrable law and Unrted A(mmtiryJ standds (Uniw lfjngdom Generally Accepted Ac(x>unting Practrce). The law applte to tharities in England & Wales requires the to Wep8 financval st2tements for each financial which grve a true and fair view of the state of affars of the Chaity and of ils incoming resources and appltcatiL of resources. induding its inccwne and eXFwtdre. for that 1C¥. In prepartng these financial stslements. the Trustees are requId to-. sele(a suitable accounting WleS and then apptylhem consi8lenll, observe the methtyjs and priwples of the Charitres SORP IFRS 102).. make judgments and acIntIng esb'males that are reasonab and prud*rt", state whether applt¢able UK Aeo)unting Slandards IFRS 102) have been fclbwed. subj'ect to any material departures disclosed and etyain in the finanoal statem8nts", prepare the financial staiements on th8 9)ing basis unless it kg rnapprcyiate to psum& that the Charity wll o)ntinue in business. The Tnjslees are p(sible for keeping adequate acc(yJnting records that a suffioent to show and explain the Charivs transactions and disclose with reaalle accxjfacy at any time the financial kK)SitI of the Charity and enabje them to ensure that the finanaal ststements compty with Charttres Act 2011. the Charity IA¢¢ounls and Reports) Regulations 21x18 the provisK)ns of the . Ttey are also responsible for safeguarding the assets of the Charity and hen fLY tsking reasonatAe steps for the wevention arKI detection of fraud arxj other irregularities. Approved by cr of the memlHs of the board of Trustees 8nd signed on their behalf ty. Paisnor (Trusteel Date.. Page 3
BRMSH FRIENDS OF EDtrH WOLFSON HOSPITAL INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 5 APRIL 2021 Independent Examinèrfs R•port to the Truste•s of lI1$h Fiiends of Edith Wolfson Hospltal (Yhe Charrty? I report lo the charity Trustee my exaMinatiC d the &ctyJnts ofthe rIty the yearended 5 April 2021. R•sponsibilitles and Basis of Report As the TTUStees of the Charity )U are restsIble frK the weparalirK) of the acoKJnts in accordance wth the rUlments of the Charilies Act 2011 fthe 2011 Acri. I repcxt in resped of my examination of the Chariws aco)unts (arried out urKler sedicm 145 of the 2011 Act and in carrying OLrt myexamination I have folkx¥ed t1tble Direth"or6 g¢ven by the Charity Commission under seclion 145151(bl of 2011 ACL Indopendont ExaminÈrfs Statement Since the Charivs gr(kSS irmme exceeded £250,IXMI wr examiner must a member of a body listed in SeCtiC 145 of the 2011 Act I confirm that l am qualified to undertake the examination becausg l am a member of the Instityte of Chartered ALxountsnts in Enand and Wales. whth is one oflhe listed bodies. Your attention is drawn to the fa¢t that the Chanty has wepared the accounls in accordance vitth Accountsng arml Reporting by Charities." Statement of Recommend prad1 atplicable to charrbes preparing Iheii accounts in a¢cordan¢e the Financial Reporbng Standard applicatAe in the UK and Republ of Iroland IFRS 1021 in preferen to the Accounting and Rewrting by Ckwities: Statement of Recommended Practic& issued on 1 Awil 2005 1¢h is referred to in the extant regulations but has been IMtFNJrawn. l undersland Ihat this has been done in ¢Nder for the ants to provide a true and fair view in accordan¢e ¥wth the Generalty Accepted ACCInting practi effective for rekKing periods teginning or after 1 January 2015. I have compth myexaminatTh. I confim that no fflatters have LX)me to my attention in )neCtIOn with the examination giving me cause to lieVe that in any material resreL' accoLFnting rwds were not kept in respect of the Charity as r4uired by seclion 130 of the 2011 Act., or the aCcjnts do not acctyd knlh Ilw)se reCds.. or the acCnts do not o)mpty with applKxble requirements conceming the fom and nIent of accounts set Olrt in the Charttres [A0nts and RepMThtsl Regulatrons 2008 other than any requirement that the accounts gTve a ITue artd fairf vmv *Jit is rKJt a mattw (y)nshlered as w of an independent examinatir. Pa9e 4
BRtrisH FRIENOS OF EDrrH WOLFSON HOSPtrAL INDEPENDEKf EXAMINER'S REPORT {coKllNUEO) FOR THE YEAR ENDED S APRIL 2021 I have no concems and have (le auoss no mattels in COnnectM th the examination to which attention shoutd bo drawn in this report in order to enable a PTOFW understanding of thè ac(xJuftts to be reached. sied. Dated.. 11 Odober 2021 Elman Wall Llmited Chartered A(zountants & Regi*wed Audr[5 8th Fk)or. Becket House 36 Old Jey Ld0 EC2R 8DD Page 5
BRMSH FRIENDS OF EDMI WOLFSON HospifAL STATEMEKf OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 5 APRIL 2021 Unrestricted funds 2021 Total funds 2021 Totsl funds 2020 Incom• from: DatiOnS and legaues Investments 427.C 427,(XK) Total income Exp#ndhur¢ on: Charitable actiwlies 427,002 427,(L12 428,225 428,225 76,200 Total •xponditure 428,225 428.225 76.200 Ngt movement in funds Reconciliation of funds: Total funds knughl fonydrd Net movement in funds {1.2231 11.223) {76.1911 78.045 176.191) 11,223) {1.223} Total funds carried forw¥d 631 631 1,854 The notes on pages 8 to 14 fm part of Itw financial Statents. Page 6
BRITISH FRIENDS OF EDrrH WOLFSON HOSPtrAL BALANCE SHEEr AS AT 5 APRIL 2021 2021 2020 Flxod assets Current assets Cash al bank aThJ in hand 4.231 4,254 Creditors.. amounts fairing du8 within t 4231 4.254 (3.6(h)) (2.4) N8t current assgts 631 1,854 Total assets losts ¢uTront liabilities 631 1,854 Total net assets 631 7,854 Charity funds Restr*cted funds Unrestricted funds 631 1.854 Total fund$ 631 1,854 The financial ststements were appYov&J and aUiSed for issue bythe Tnjstees and SIg on thoir by. M Palsner (Trustee) Dale_. The notes or7 pages 8 to 14 form part oftFw ffinancxal staternts. Page 7
8RmsH FRIENDS OF EDrfH WOLFSON HosprrAL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2021 Accounting policies 1.1 Basis of prewation of finan¢ial 5tatem&nts financial ststements have been prepared in aeccrtfan Charities SORP (FRS 1021- Attnting and ReFK)rtin9 by Charibes.. Statemerst of Recommended Practice applicable to charities preparing their accounts in arL(daEe the Fin8ncial Rep)rbng Standard applicable in the UK and Republic of Ilalld IFRS 102) leffe1ve 1 January 20191, the Financial Reporting St8ndard applicable in the UK RbI of are1ar IFRS 1021 arKI the Charibes Act 2011. The financial statements have been ppared lo gNe a Ynje and faif view and have departed from the Charities (A¢wunts and Rewrts) Regulations 2¢J)8 only to Ihe ent required lo prowde a 'lriJe and faiff view. This departure has InvVe followTng the Chaittses SORP IFRS 1021 published in October 2019 rather than the Act>JJnting arKI Repmyting by Charities.. Statement of Recommended Practtce effective from 1 Wil 2005 vthich has since been vAthdrawn. British FrierKls of Edrth Wdfw Hcwilal meets ts definilion of a W1¢ knefit entity under FRS 102. Assets and liabilities a inttialty rwnrsed at histor1 cost or transaction value unless olhewse stated in the relevant axountsng 1.2 Income Al income is recognised once the Charity has lIement to the #K4)me. it is probable that the income will received and amount of inccffie wxvabie (an be measured reliably. AJI inc(xning recours relate to unrestricted fvrmls. Investment inc(xne in(4udes bank interest on re1vable basis. 1.3 Expenditure Donations and gffts are made to inststutlS whose (A¥ethFves are in line Vth the chariV8 own. Donations ar gifts a tharged in the year the offor is to the recipienE exp1 in those cases where the offer is t)10n01.' such dOnatiS are rectgnised as expenditure when CO[ltiOnS attaching a fulfilled. Other expEndiiure ccmFHises fees. EXFeTrJ[re incknjes aitributable VAT vthith cannot be recovered. Expenditure on ¢aritale ivibes on diredy undertaking Ihe aowbes WTr(b fvrther the Charitys objectives. as ¥11 as any asscKiated suppcrt costs. 1.4 Interèst reeeivable Interest on funds held C deF#)sit is induded vthen receivable and the amCnI can be meAsur reliably by Ihe Charrty, this is normalty upon notificati( of the interest paFd or payable by the institution wth whom the fvnds a thp)5iW. 1.5 Cash at bank and In hand Cash at bank and in hand indudes cash and sts)rt-term hyhty fiqurd investrnents Iwih 2 short maturity of months or less from the date of acquisibcn or open¥NJ of the deposit or similar ac(yJunL Page 8
BRITISH FRENDS OF EDtrH WOLFSON HOSPtr NOTES TO THE FINANCIAL STATEMEltrs FOR THE YEAR ENDED 5 APRIL 2021 Accountlng policies {¢ontinu•d) 1.6 Liabilities and provislons Liabilities ara wnised when trEre is an obligation at the Balance sheet dale as a resurt of a past event, it is probable that a transfer of enOmiC benefft V?A be required in settlemenl. and the amount of the settfement be esb"mated rebatAy. Liabilities are reccxJnised at the arnt that the Crity anbt>pates it Vill pay to settle the debt or the amount rt has received 8s advard pa>Thents forthe gX¥Js cff seNos il must provirje. ProwsirS 8re measured at the LEst estimate of the am¢JJnts reouired to settle the obivJation. Where the effect of the time value of mcn8y Is matwtal, the wovision is based on the preseftt value of those amounts, discwnted at the pre-tax discount rate that reflects the risks speufic to the liabilty. The unwnding ol the ¢Jiscount ts recwiised in the Staknent finaThial activib.es as a ffinan cost. 1.7 Fund accounting General frjnds are nStricted funds vthich are available fLY LFse at the discretion of the Tnjsteesin fvrtherance of the general objthes of the Charity and thch have nc4 been dl9ated for other purwses. Income from donations and legacles Unrestrided fijnds 2021 Total funds 2021 Totsl funds 2020 attons 427.000 427,C Investment in¢ome Unrestrtct funds 2021 Tolal fijnds 2021 Intsrest reCeiVae Unrestricted funds 2020 Total funds 2020 Interest receiwdtAe Page 9
BRMSH FRIEIIDS OF EDtrH WOLFSON HOSpAL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021 Invgstment incomelcontinued) Analysls of exp¢nditur• on charitable actlvitl Summary byfund typ• UnStriCted funds 2021 Total funds 2021 Society of Friends 1.2CK) 427.025 1.200 427.025 428,225 428,225 Unrestricted fijnds 2020 Total funds 2020 A¢o)untancy (x)sts of Fri8rKIs 1.2(M) 75,000 1,200 75.000 76,200 76,200 Anatysis of expenditure by actlvitlès undertake directty Support costs 2021 Totsl funds 2021 Accountan¢y costs Society ol Friends 1,21)0 427.025 427,025 427,025 428,225 Page 10
BRITISH FRIENDS OF EDifH WOLFSON HOSPffAL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2021 Analysis of expenditure by activities(¢ontlnued) undertaken directjy 2020 Totsl funds 2020 2020 A¢xourrtancy costs iety of Friends 1,2(KJ 75.000 75.( 75.OCK) 76,2Crt) TNstoes' remuneration and expenses During the hEar. Trustees 1ved any rerati(l cf other beneffts12020- £NIL). During thè yearend&J 5 April 2021. no Trustee expenses have tEen inrred(2020- £NIL). Creditors: Amounts falllng du• wrlhrn year 2021 2020 Accruals and deferre(f inccme 2,400 Financlal Instrum•nts 2020 Financial assets Financial assets mtrdsured at fair Val thrw income and exF¢ndiiure 4.231 4.254 Page 11
BRMSH FRIENDS OF EDrrH WOLFSON HOSPITAL NOTES TO THE FINANCIAL STATEMEiirs FOR THE YEAR ENDED 5 APRIL 2021 ststement of Statement of funds . currert year Balan at 6 April 2020 Incune EXpendIr Balance at 5 April 2021 Unrgstrkted General Funds- all funds &iety of Friends Ac(x)unting fees 1.854 427,002 428,856 1427,025) (427,0251 (1.2001 11,2001 1.854 427.002 (428.2251 Page 12
8RmsH FRENDS OF EDrrH WOLFSON HOSPITAL NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 5 APRIL 2021 Statement of funds (contlnuèdl St*ement of funds- prioryear Balar£ at 6 Awil 2019 Balance at InCe &wditure 5 April 2020 Unrestri¢tod fvnds General Funds- all funds S(tY of FrierKIs Accounting fees 78.045 78.054 175,000) {1.2001 (75.() (1.2001 78.045 (76,2001 1,854 10. Summary of fvnds Summary of funds. eurrEnt yoar BalaTh% 8t 6 Aprtl 2020 In¢e ExpendibJre Balance at 5 April 2021 General funds 427.002 {428.2251 631 Summary of funds- wioryèar Balar at 6 Apnl 2019 Balance at Iru¥ne Exwiditure 5 April 2020 Generaj funds 78.045 {76,200} 1,854 Page 13
BRtTISH FRIENDS OF EDITH WOLFSON HOSPITAL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021 11. Analysis of net assets between funds Unrestricted fijnds 2021 Tolal funds 2021 Current assets CreditCKs due 1¥ year 4231 13.6001 4,231 (3.6001 Total 631 631 UnrestriclJ ftjnds 2020 Total funds 2020 Current assets Creditors due V11n one year 4254 (2,400) 4,254 12.41)01 1,854 12. Rglated party transactions The Charity has not entered into any related party transaclion durirKJ the year. nor are there any outstanding balare$ owng rel8ted parties and the Charityat 5 Awl 2021. Page 14