FRIENDS OF DjE5BL1iy QUEEN VICIORIA MEMORJAL HOSPITAL TRUSTEES, REPORT AND FINANCIAL STATEMEwrs FOR THE YEAR ENDED 31 DECEMBER 2020 REGISTERED CHARTfY No. 286165
FIUETrIDS OF DANESBURY AP4D QUEEN VICTORIA MEMORIAL HOSPJTAL TRUSTEES, REPORT AND Ff%'ANCIAL STATEME FOR TFtE IEAR ENDED 31 DECEMBER 20, Page Legal and administrative detsils Report of the Trustees Report of the Independent Examiner Statment of Financial Activities Balance Sheet Statement of Cash Flows Notes to the Financial Statements
FRIENDS OF DANESBURY AND QUEEN VICTORIA MEMORIAL HOSPITAL LEGAL AND ADMtNISTRATIVE DETAtLS REGISTERED CHARifY No: 286165 GOVERNING INSTIiUMENT: Objects and Rules of Friends of Dallcsbury th Queen Victoria ¢motial H05pitsI PRINCIPAL ADDRESS.. Sch1 tane Welwyn Herts AL6 9SB Barc]ays Bank PLC WCIw) Garden City Herts AL7 1 SJ BaTcla)s Bank PLC Col¢bcst¢r Ess¢x COI IDD Unitv Trust Bank 4 BrindleyplaLe BI 2JB INDEPENDENT EXAMtNER Paul Skipper FCA HBB Audit Limited Hatfield HertfordslLire ALIO OSP
FRtETr4DS OF DAliESBURY AI¥D QUEEN VICTORJA MEMORLIL HOSPTtAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020 The Tn]stccs present their report and financia] statrments for the year tnded 31 December 2020. CHARJTABLE OBJEC[ AND PRINCIPAL Acrivrry I fntroduetiott In 2001 the Ttustees recetved permission from the Charity Commissioners to proiide financiÈl support for all hlIS facilities Thithin the parishes of Welwyn and Kncbworth currently existing and such other NHS ullits as may be opened to serve the satlle populatiorL Danesbury Home aud Queen Victoria Meu]OTÉal Hospital have been SIad on the same site since 1993. In 2003 the Friend5 of both uuits incorpoTated into one registcr&J charity. In April 21M)9 Danesbury beLame a Neurological Centre and is part of the Hertfordshire Community NTIS TThL At the EGM of 12 February 2019 the aims of the charity were ldened to cxtend the geographical scope to NTIS h05Pitals, homes. clinics and 01] faciliti&s in the county of Hertfordsbire. 2 Primary Objective The Friends coJt4nuc to provide, as thcir primary objective. prdctical and firlancial support to Danesbury N¢urological Centre and Queen Victoria Memorial H05Pltal in Welwyn. Dan¢8bw Neuroloe21 C¢ntre off¢rs a variety of thient options r adults wrytb a neurological problern such as strok¢. Mulriple Sclcrosis. Parkinson's disease and other such conditions. The Queen Victoria Èmemorial Hospitsl. &s part of the Hekts ComDJutiity" NHS Trust's IDtCTmediate Care team, caters for patients who ned rchabilitstion foElowing a stay in acute hospital. TRUSTEES AND MANAGEMENT coKMrrrEE The TTUStees during the veaT under rw¥iew were: MaTi8nne Hawes- ChairnMD. Simon Whitworth- Treasu[ David Jubb Julia OJiv¢r Charles Richa rcsign¢d 22 April 2020 Tony Slowe Colin Stringer, reSied 14 Octobcr 2020 Joy Wearing Gregory Ains¢ough, appointed I l May 2020 Secretary- Dagmar de Botto No Trusiee received any remuneration for Se1¢t5 &s a TnTStee. No Trust¢¢ bad any iKneficial interest i any eDThtract with the Clwity during the year under review. Onc third of the TnteeS togetheT ryth any new ppointee gre submitted to the Anlluai GeDernl Meeting of the supporters for elcction.
FIUENDS OF DANKSBURY AND QUEEN vIcfoRIA MEMORIAL HOSPITAL FINANCIAL REPORT The reslllts of the ywaTe as detailed in the attached fiTwicial ststemcnts independcDtly eXald bychartered accounLmts for th¢ Charlty. The fiDancial stsfctnents complv with tbe Statement of Recomtllended Practice. Accounting and Rq)orting by C]wities and the arci)unting reA]uirements of the C]]ariWs goveming document. Income from our shop supplemented by don2tiorLS fimd both J0[ expenditure for ¢quipn)ent and palienl support costs. As in previous years continucd financial restrdints wtthin the National Health Scr4ricE have resulted in Ihe Friends responding to th¢ requests of the local management for the purchase of eq1PMent. During the year £20.629 (2019- £20.728) hks bceD spent on such items and therapv and other patient support. The Inc(ne rdised by the cbarity shop chiefly provtd&8 finaDcial stlPFrf)rt to thc facilities as defined under the Objects and Rules ofthe Ckwity. DurÉng tILe year £38:456 (2019- £30.918) of direci c])aritable expendituTe had been Tllade on Gapital ikms of equipment for Danesbur). NeurolooLCat Centre. All majorpurchascs are made througb thc hlIS haNinghad their approval 9nd are ¢oveTedby safety guarantees from the Jnanufactllrm. Re5erYes 2nd Projected Expelldire All regerves ar¢ uDrestri¢tcd fimds aJLd the Trnstccs aim to IllIa1 reserves at a level which will enable the Clwity to respod to all reasoDable requests bv DaDtsbury Neurolooical Centre and QVM Hospital for funds, as well as setting aside fimds to cover risk associatcd witb op¢rdting thc cIwity shop. The reserves of £205.503 carried forward as shown on the Balance Sheet coi'er committed experltUre of £i6,552 as at I" January 2021. Shop Management The Trustees would lil"e to plarc on record their appreci[n of the nJAnagem¢llt of the shop and all involved in ow charitable organisatiotL and lo 311 niembers of th¢ public for their oenerous s)pOrL Risk ReiTreTr The Management Con]ffjittee has consi(lered the extent to wbi¢h the CIMity could bc expos¢d to sigt)ificaTht exten1 risks to fiJndiDg. Internal risk asscssm¢nt is rcgularly TeweweAL particul>rly those related to the operations and financc8 of o sbop and we are Satisfied that our monthly reporting system wryll mitigate our exposure to any rnajor risks. (t of th¢ reserve8 of £205,503, £25,(X)O has set aside for this PUqM)se. Volunteers The administrative Costs of thc C]wity have been kept to a minitnum through the activitics of a nun]ber of volunte¢rs. Theirinpui is commeTtdedand the Trustees a¢knoH.l¢due theiriDTraluabl¢contributionto thequality alld su¢ccss ofilLe service tlLaÉ is provided foi the well-being ofthe patients. The Trustees declare they have approved the Trustees. ReF¥)rt above. Signcd on behalf of th¢ Trustees MaTiaDne Hawes Iq October 2021
FIUEIIWS OF DANESBURY AI¥D QUEEN VICTORJA L¥IEMORIAL HOSPITAL REPORT OF THE 1hTIEPENESry EXAMtYER TO TUE TRUSTEES OF FR[E)s OF D.4f*F.SBL]iY AliD QUEE TricfoRIA METhfORtAL HosprrAL I repLIrt tts the thtee$ on my exaD]itJation of the ac¢4)unts of The Ftiends of Danesbw aud Queen Victoria MatLoIiai Hospital {the Trnst) forthe year ended 31 Decellhber 2020. hleh a set out on pages 6 to 13. ResponsibiJilie5 and basis of report AS the charity lThstees of the Tn]5t you are responsible for the pw2rdtiOD of the accnts in 2¢Edance with the requiremernts of the Chariti&s Aci 2011('the Ad.). I report in respect of my examinati¢)n of the Tnle¢.$ accounts canied out urtts section 145 of the 2011 A¢t and in carryingout my examination I?efollOwed all the applicable Directions given by the Chltyc¢)mn11sS10n under section 145(5)(b) of tht 2011 Act Independent 0er'S statement have cornpleted my cAalltinatiorL I confitlll that no Dteria] matsas have rme to attention iti comtection with the an]illatioL giving llle cause to btligve that in any matial rwL (l) ac¢oulltili8 r¢cords were not kept jn respect olthe Tft as required by stttion 130 of the ACL or {2} the accounts do Dot accord with those tt¢ords" or (3) the accounts do Dot complyi1th the applic2ble requirements concerning tbe fonn and cont•]t of 2ccowIts set ollt in the Charitics (Accounts and Reporrs) Regularions2008 otherthan any requiremeut thattht accounts givea'tru¢ and fair view. wbich is not a coDsidered as part of all ltidepend ex]nd I have no coneerns and haye come acro&% llo other in connection with the examitiati4)n io which attention should be drdwn tn this report in orderio eftablE a properundthaothDg of the a¢¢oullts to be rGqchcd. Paul Skipper FCA HBB Audit Limited Bridge House 25 Fiddlebridge Lane Hatfield H¢rtfordshire ALIOOSP Date: 18 October 2021
FRIENDS OF DANESBURY AND QL'EEN vicfoRIA MEMORIAL HOSPITAL ST.4TEMENf OF FIS'LNCIAL A(rnTfJES FOR THE YE.4R ENDED 21 DECEMBER 2020 Noles 2020 2019 INCO,MING RESOURCES Income from: Donations Trading Aaivities= Shop sales Interesi receivable Government grants Total Ineoming Resources 5.623 49,814 761 58,921 112.364 849 172 134 REsoifRCES EXPENDED.. Expenditure on". Cbarltable Activities Raising fimds." Shop expenses Other 59.085 62,198 51.646 67,479 Total Rcsourc¢5 Expended 126 111 NET tNCOMEI LXPENDITURE FOR THE YEAR (48,893) 46,023 Recollcili*tioJJ of funds: Fund balances brought forwatd at l January 2020 208 37.1 Fund balan¢cs carried foThTrrd at 31 December 2020 205.503 254 396
FRIENDS OF DANESBURY AliD QUEEN VICTORIA MEMOIUAL HOSPITAL BALANCE SItEET AS AT 31 DECEMBER 2020 Notes 2020 2019 CUiiREhTT ASSETS Accrned ittcomc 313 Cash and Bank Balances 212.898 256.913 CREDITORS: Amounls falling due within onc year 205 503 254 396 FUNDS {UNRESTRIcfED): 205 503 254.396 The trustees fomally approved the accounts. individualty. by email. at the end o*Augu5t 2021. 11 CHAIILMAN hl.Hawes 8 Q.DknF [2" Qcol S.Whitworth
FRIENDS OF DANESBURY AND QUEE1% vIcroJiii MEMORL4L HOSPITAL STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2020 2020 2019 Cash froml(used} in operating actimties {44.776) C25h flow from investiTAg a1VItI< 761 849 IncrexseJ(Decre&se) in cash in year (44,015) 44,552 Cosh at the bewning of the ye8r 212.36 Total cash at the cnd of the year 212 898 256 913
FRJETrIDS OF DANESBL'RY AND QUEEN vicfoRIA MEMORIAL HOSPITAL NOTES TO THE FINANCIAL STAIEMEvfs FOR THE YEAR ENDED 31 DECEMBER ?020 ACCOUrING POLICIES Basis of AceollNting The accounts have b¢cn prepared under the historical cost conv¢ntion artd in accordanc¢ with the Statement of Recommend Practice". Accounting 2nd Reportillg by Charitics prepdrillg their accounts tn accordance HTrththe Fillancial Rcwrting Standard applicable In the UK and Republic of Irelaud {FRS102) issued on 16 July 2014 and the Chariti¢s Act 2011. The charity meets Ébe definiilon of a public b¢Defit entity set out in FRSIO2. Voluntarv Kncozne Donations, gift8 and inc0e from fvnd raising actii4ties are incknded in tbe iucome and expenditurc account when thc chariry becomes entided to the iucome which is nornllY iu the ll0d of receipt. Gift Aid received is included iu the in¢onJe ad ¢xpenditure accouut according to the period to which it relates. Income Icceived after deduction of tax at s0ce, including income received from Gift Aid is shown inclusive of the t&K reroverable. Goods doknated for resale in shop$ Income is included in the period in which the goods are sol(L No value is as¢Jibed io donated items in stock at the year-end as it is considercd to b¢ impractical to do so. Voluntary help The charity receives very substantial a&sIstae in t forn] of voluntary help. It is not possÈble to quantify the value of this help and it is not included in the accounts.
FRtEI¥DS OF DAI4F.SBURY QLIEN vIcfoRIA MEMORIAL HOSPITAL NofES TO THE FtNANCtAL STATEMEYfs FOR THE YEAR ENDED 31 DECEMBER 2020 CASH AND BANK BALANCES 2020 2019 COIF Deposit Barclays Bank: Community Account (Home) Community Account (Geuernt) Business PrcTDiUm Account (HO¢) Uoity Tntst Accowit (Cwtent) United Trnst Acc4)unt (I)eposit) Shawbrook Bank (Savings) Mouffjouth Building Society Onv¢stment account) TT¢asur¢ls Cash Float 147,506 12.730 $4,209 51,530 2.995 3209 16,800 85,000 10,159 85,000 673 212 898 256.913 CREDITORS.. Amounts falling due withm one year ?020 2019 Trade creditOTS Socia] security and other taxes Other crcthtors 1.288 4,593 Accruals io
FIUENDS OF DLYESBURY AL¥D QLEEY vIcfoRIA MEMORIAL HOSPITAL NOTES TO THE FINANCL4L ST.4TEMEFNJS FOR THE YEAR ENDED 31 DECEIABER 2020 NET COmE FROM SHOP SALES 2020 Donated Gocmts Expenses Rent 8lld inSUrCe 19,919 1,234 17.973 1,411 1,625 3.392 888 39.939 402 15 577 Heating* lighting and water Shop fittings and maintenance Refuse clearan¢c Health and safety Staff wages Ind¢pcnd¢nt &xamineT'S fees Bookkucping Miscellancous expenses Card paymenl charges 2.956 1,426 33.815 447 Net {LA)ss)llncome 12 84 The shp lease of 4 High StrecL welw w&8 ¢xtended for a fi]rther 12 Yea from 24 August 2010. One shop manager and two occasAonal assistant managexs are employed. assisted by unpaid voluntee. Salcs income is derived entiT¢ly from the sale of donated goods. BANK IwfEREST RECETVED 2020 2019 co Barclays Business Premium Account Unifrd TrL Account 314 ShawbTook Bank Account 59 761 849
FRIE]KDS OF DAf%ESBURY AI¥D QLTEN vicfoRIA MEMORIAL HOSPJTAL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 20?0 2020 2019 Patient support for the Danesbllry and Residents, therapy support and entefvinmeni Special Nee(Ls computer internet Patients, gardens Trdnsport for patients 8,608 10,672 2,516 5.351 5,075 3.276 Capital expenditure equi¥ment: Danesbury and QVM 30.918 Total cxp¢llditurc ADMtNISTRATtVE EXPENSES 2020 2019 Governanee: Salaries ISUranCe TTaiDing courses and subscriptions Printing and stationery Telephone and internet Endependent examin¢rs f$ Bookkeeping Wcbsile Sundry exp¢nse8 3230 4260 557 246 488 663 402 15 180 175 318 1,197 ,023 720 170 61 12
FRIEI¥IDS OF DESBURY.huI QLIL) vicfoRIA MEMORIAL HOSPITAL NOTES TO THE FfNANCtAL STATEMEKfs FOR THE YEAR ENDED 31 DECEMBER 2020 EMPLOYEE COSTS AND NUMBERS The employee costs duTing the peTi¢)d wae a5 folk)w5: 2020 2019 Wagcs and SaLeS Social securAty costs 38.398 42237 The xvernge nwnbers of paid employees during the period s¥ere &8 follows: 2020 2019 Office staff Shop stsff Jn addiiion to these emplovccs thc clwity [elveS lSnCe in the fomi of y0hjnl help. No rc[nUn&ILOll was paid to the TnLSt. FEES FOR E[NATION OF AccouNrs 2020 2019 Independ¢nt ¢xaminer's fees 1,020 804 13