FRIENDS OF DANESBURY AND QUEEN VICTORIA MEMORIAL HOSPITAL 31 DE￿MBER 2021 REGISIERED CHARITY No. 286165 FRIENDS OF DANESBURY AND QIIKEN VICTORIA MEMORL4L HOSPTTAL TRUSTEES. REPORT AND FINANCIAL STATEMEN13 FOR THE YEAR ENDED 31 DECEMBEIi 2021 Legal and administrative details Report of the Tn￿teeS Report of the Independent Exwniner Statement of Financial Activities Balance Sheet Statement of C&8h FIows Not&8 to the Financial Statements FRIENDS OF DANFSBURY AIW QIJEEN cToR￿ MEMOR￿ HosP￿AL REGISTERED CHARITY No: 286165 Objects aDd Rules of Fri¢nds of Danesbury and Qu¢¢n Vicknia Mem(ffial Hospital PR￿CIPAL ADDRESS: School IAne W¢lwyn HLxts AL6 9SB Barclays Bank PLC Welwyn Gardrn Cty Herts AL7 ISJ Unity Tn￿ Bank 4 Brindleypl BiTminsbam BI 2JB UDlt¢d I'￿￿ Bank Ltd London EC2Y 9AW MonmoulhshiT¢ BuildAn8 Soclety John Frost Squar¢ NP20 IPX Shawbrwk Ba￿ Lutea House WaTlcy Busin¢ss Pwk Br¢ntwood CM13 3BE Paul SkipperFCA HBB Audit Limited Hatfield H(zttordshir¢ ALIO OSP VICTORtA MEMORIAL HosprrAL REPORT OF IHE TRUSTEES FOR IHE YEAR ENDED 31 DECEMBER 2021 The Tnths presentknretM)rt and fmancial staknicnts for th¢ ycar ¢ndcd 31 tk£¢mb¢r 2021. I IntroduetioD Irt 2001 the Tn￿tec8recCllyedpern1t￿0n from theChaTity c￿￿m￿lonerSto provide fmancial support for all NHS facTliti£s withiti thc pari5k8 of W¢lwyn aDd Knebworth cwrenlty existing and such other Dall¢s￿ry H(￿¢ and (Jx¢n Victiria M¢morial Hospitsl have been sityat¢d on the sitc sincc 1993. tn 21103 the Friends of FM)th units Incor￿rated into one regist¢r¢d Charity. In ApTiI 2009 Danesbury bttame a Neurological Centre and is partof the Herttordshire Commvtiity NHS Tn￿L Ai the EGM of l? FeFKuary 2019 the aim5 of thc cliarity wcrc widcncd to extcnd th¢ swgraphical scope to NHS hospitals, home& clinics and f&iliues in the county of HarfOrdshi￿. 2 Prim￿ Obje¢live The Friends cothinue to provide, as Iheir prtnw obje¢tiv¢. [r¥t1¢￿ and fmancial supw)rt to Dan¢sbury Neurological Centre and Qu￿n ￿￿ti￿18 Mem￿la1 Hospital in W¢lwy Dan¢sbury Ncurok)gical C¢ntr off¢rs a variety of treatment options for adults with a neurologÈ probkm 5u¢h as strok4 Multiplc S¢l¢rosi4 Parkiwn's disease and other sucb condition5. The Quccn Victoria Memoriaj Hospit4 as part of the Herts C(xnmutiity NHS TnLSt's Intemiedia* Care team. cat¢rs for patients w]M) need r¢habilitstion following a sfay in an acufehospital. TRUSTEES AND MANAG￿￿E￿r COMhirrrE David Illb￿ resigned 17 Fcbnwy 2021 Julia Oliver Tony Stow¢ Joy Wcaring Gregory Al￿$cOugh Deborah l£¢ Oldw appointed 17 May 2021 JerLniftt Fowkr. ap￿Inted 6 Novemb¢r 2021 No Trustee rec¢ived any remuneration for 8ffvic¢s as a Ttu*¢. No Trustee bad any beaeficial interest in any contract with th¢ Charity during the yw und¢r Teview. One thinl of the Trustces togdb¢r Thith any ncw appointr¢ are submitted to the A￿Ual General Meeling of tkn siw)kn for electio The resuIts of th¢ ywar¢ as dctsikd in the attach¢d finaocial sta*mcnts indE￿ndCntty examined by ¢hart¢r¢d accoujttants ftbr thc Charity. The finane?21 statements a)mply w&th ￿ Stakn¢nt of Recommended Practi¢4 Accounting and R¢pMiog by Cbariti&s and th¢ xcounting rrquiruncDts of th¢ CiwAtys own govcrning documcnt. Incomc from our shop suppl¢menl¢d by donatioLs fil￿{ both D￿jOr exr*nditi]re quiFxncnt and paticnt support costs. As in previou5 yfdrs continucd financt81 restr￿tits within th¢ National lI￿th ScrYic¢ hav¢ r¢sult¢d in th¢ Frien(ts rL'sponding to th¢ rcqucsts of th¢ l¢xal managcmcnt for th¢ purcbas¢ oft4uipm¢nL During Ih¢' yrar £27,133 {2020- £20.629) has bccn S￿￿t ￿ such items and thuapy and other paritht sup￿rt Ihe incomc raiscd by the charity shop chictty w0￿deS financial W tothc NHS facilities as defined und¢r thc ObJ￿ts aod Rul¢s of th¥ Clwity. During th¥ year ￿,694 {2020- £38.456) of direct clwitable exvendlt￿¢ had b¢en n)ad¢ on capital it¢m$ of ¢quipmcnt for 1>al￿sbUry Nwrological Centre. All majorpuFchas¢s aretnade through the NHS having badthcirapprovalandare covered by safety guarante Reserves and Projected ￿pendI￿re All r¢serv¢s ar¢ unr¢strictcd funds and the Tn￿ aiDI lo resLYYes at a kycl vkni¢h will cnabk the CharAty to r¢swnd to all rcasonabl¢ requL%ts by TTrdncsEM￿ N¢urological Cthtrc and QVM HospitsI for fulld a8 Wtll as sctting aside fimds to cover iisk asgxiated wilh ormtitig thc c}￿lty SI￿p. Th¢ reserves of £218.833 caTritd forward &s shown on the B21ant£ SIK¢t covcr committed cxtKDditi]rc of £43273 as at I" Januarv 2022. Shop M#naEewent The Trustees would likc to plact Teconl kn appreLi*ion of the manwenl of the shop and all involv in our charitabl¢ organisalion and to all memivs of thc pthlic fortheir genvrolls supw Risk RevieTw The MallageEncnt Committ¢c bas C(￿id¢￿ed the vthnt to pknith th¢ Charity could be eX[￿Sed to significant tern￿ risk asscssmcDt is ￿gujarty r¢vi¢waL prticularly 11M)s¢ r¢lat¢d to thc opKrations and finances of OUT Shop and wc are satisfi¢d that our monthty r4￿rtillg sy5tan will miti8at¢ our ¥xposur¥ to any major Tisk& (Xtt of thc res¥rves of £219,673, £25,0(M) h&$ been set aside for this putposc. Volunteers The admiDiStrativc costs of the Cbarity Iwve been k¢pt ￿ a miniT￿ Ilwougb thtt activitic5 of a numbcr of volwit¢ers. Their input is commended andth¢TnL Matri￿ resT￿t th¢ rwuircmcnts: to keq) accounting rccords ill Xcordall￿ wilh se￿1(• 130 ofthe 2011 Ac¢ and to prepare accounts which ac¢ord with th¢ aLu)u￿8 ￿ and c(MDpty with tEkc accounting requir¢m¢nts of th¢ 2011 Act have not bccn rncL' OT (2) whicl in my Opinio￿ attcution should bc dravm in onkrto ¢aable a prow VDdetstakng of the ac¢ounts fo be reachrAI. Paul Skipper FCA HBB Audit Limits Hatflcld Hertfordshire ALIO OSP 19 Octokr 2022 FRIENDS OF DANESBURY AND QUEEN VICTORIA ￿MORIAL HospfrAL FOR THL. YEAR ENDED 31 DECEMBER 2021 2021 2020 NOTES INCOMING RESOURCES tknnations Tradillg Activiti¢s'. Shop sal TntCT¢St r¢ccivable Gov¢rnment grants Tofal Incoming REsourc 7,455 86.989 886 20,728 116058 5,624 49.814 761 22.911 RESOURCES E￿ENDED. Expellditare on: Cl]aritsblg A¢tiviti&s Raising fim&: Shop cxtKns¢s 59.085 62,198 64,749 101888 NET INCOMEI EXPENDITURE 14,170 (48.893) R¢wn¢ili4tion of Fwid balances brought thnvard at l Jaouary 2￿21 205 503 Fund balanc¥s carried forward at 31 D¢canbu 2021 219673 205 503 FRIENDS OF DANESBURY AND QUEEN VICTOR￿ ￿MORIAL HosP￿AL BALANCE SHFEr AS AT 31 DECEMBER 2021 Not¢s 2021 20 Accrjed in¢om¢ Othcr dcbtors 313 l73 Cash and Bank Bala￿¢5 212,898 CREDITORS.. Amounts falling due within one year 219673 205 503 FUNDS (UNRESrnCTED): 219673 205 503 Approved by thc Tru5tccs on 19 (ktO￿ 2022 and signcd on their ithalf by: M.Hawes FRIENDS OF DANESBURY AND QUEEN VICTORIA MEMORtAL HOSPITAL srATEMENf OF CASH FIDWS FOR THE YEAR ENDED 31 DECEMBER 2021 202 2020 Cash fr(HDI{used} in or&Yating activi 9.115 (44,776) Cash flow from investing activi 761 io.{M)i (44.015) Cash at the beginning of the year 212.898 256913 Tolal cash at th¢ end of the year VICTORLi MEMORIAL HOSPITAL NOTES TO THE FINANCLIL STAIEMENrs FOR THE YEAR ENDED 31 DECEMBER ?￿1 ACCOUFfflNG POLICIES Basis of Accounling of Recommended Practicc: Accounfing and liq￿Ill8 by CIwili￿ th¢ir accoutts in accordanc¢ with thc Financial Rcporting Stsndard appliL2blc itt thc UK and Rwibli¢ of Ireland ffRS102) issued on 16 Juty 2014 aud the Chariti&s Act 2011. The charity meets the definition of a public benefit entity s& out in FRSIO2. Voluntary Ill¢owe Donations. and income from fimd rdising￿liV1ticS 8re included io the income and expendiÈwE ￿coU when Ibc chaTity Ixcomcs ¢ntitkd to th¢ incom¢ whith is nornally in th¢ ￿ll0d ofr¢sxipL Gift Aid received is includcd in the inwmc and atditurc account x(x)rding to the pcriod to which it relates. Incoinc r￿cIv￿ aft¢[d￿￿tion oftsxat Sour￿ i￿RUditig i1￿C re￿IVed from Gift Aid is showa inclusive of th¢ tsx r¢¢ov¢rabl¢ Goods donated for resale in Shops Income is included in the peri(yd in which the go(MJs are SO1￿ No value is wibed to ￿k￿ated items iti stock at thc y¢ar-¢nd as it 15 Consi￿ ts) IK itDwactical kn do 50. Voluntary h¢lp Thc charity r￿C]V¢S vay substanlial ￿lStanCe in the fonn of voRiinlary help. It is not w￿S17)le to qU8ntify the value of tbis hclp and i( is not includcd in th¢ accounts. FRIENDS OF DANESBURY AND QIJEEN VICTORIA MEMORIAL HosprrAL NOTES TO IHE HNANCIAL STATEMEFirs FOR THE YEARENDED 31 DECEMBER 2021 CASH AND BANK BALANCES 2021 2020 Barclays Bank: CoDmiunity Account (Hom¢) 19,912 12.730 Busi￿$ Prunium AcL¥)Ullt (Hom¢) 3220 3209 Unity Tn￿ Account {Cirrcnt) 18,325 16.800 Unitcd Trust Account OktK)sit) 85,940 85.000 Shawbrook Bank (Savings) 10,240 10,159 Monmouth Builditig Society (tnvestment account) 85.178 85,000 Tr¢&sureVs C&sh Float 212 898 CRF.DfroBS: Amounts falling du¢ wtthiD onc ycar 2021 2020 Trade Creditors Social sLrurity alld 011￿r tax Otbcr creditors 1924 46 1,288 4,593 Accmals io FRIENDS OF DANTSBURY QUEEN VICTORIA MEMORIAL HOSPITAL NOTES TO THE FtNANCIAL STATF.MENrs FOR THE YEAR ENDED 31 DECEMBER 2021 NET INCOME FROM SHOP SALES 2021 Sales Rcnt and Insurdnc¢ leatillg. Lighting a]Kl Water Shop Fittings and MaintCD3ncc Refuse Clearance H¢alth and Safcty Staff Wag¢s Sraff Pcnsions Miscellaneous Expenses Card pa)Incnt chargcs 19.919 1,234 1,342 1956 1,426 33,815 1515 2,155 3.920 332 34,182 399 1.835 447 1,059 N&Incomc The shop of 4 Higb Strrt WehvN was extended for a fikn 12 years fr(xn 24. August 2010. On¢ shop manager andtWOiXC48iODal assist￿&￿anagerS ate employe￿ assisted lry unpaid voluntccrs. Sales income is derived entiffty frlxn the sale of doD2ted g(xxts. BANK INTEREST RECEIVED 2021 202 co Barclays Business Pretnium A¢¢oullt Monmouth Building Society Account 178 U￿ted Tn￿t Account 627 314 Shawbrook Bank Account 81 761 FRIENDS OF DANESBURY AND QIJEEN VICTORIA MEMORIAL HosprrAL NOTES ][) THE HNANCIAL STATEMEFirs FOR THE YEAR ENDED 31 DECEMBER 2021 2021 2020 tieDI support for tht Dallesbnry and QVM 10,539 5.756 7.931 8.608 3.670 5.075 Paticnts, gard￿S Transport for patients 20.629 Capital expenditure OD eqiiipnieAtr. Danrsbury and QVM Totsl exp¢nditiw¢ ADMINISTRATIVE EXPENSFS 2020 G4)vernaBce: 3.436 3,230 tnsurdttC¢ 968 426 293 645 Printing and ststiollery T¢1￿h0n¢ and inliynet Ind¢pend¥nt Examitiers feLS Accountancy 318 1,197 1.023 720 L¢g￿ f￿S Website Sundry ¢xp¢n 760 180 170 62 12 FRIENDS OF DknNESBURY QUEEN vicroRtA MEMORIAL HosP￿AL NOTES TO THE FtNANCIAL STATEMETr¥rs FOR THE YEAR ENDED 31 DECEMBER 21nl The employee costs during the ￿ll0d wffe ￿ fttrll 021 wa￿ aDd Salaries 37.618 211 37.045 Th¢ avera8t nwnbers of paid ¢mploytts duDDgthc pwiod wue as follows: 2021 2020 Office Stsff Shop staff In addition to these employees the charAty tt¢e1￿8 aSsistW￿ itl thc foEzn of voluntary help. No T¢mun¢Tation Vds paid to th¢ Tnkn. FEES FOREXAMtNATION OF ACCL)UNrs 20 2020 Independent examiw's fxs 645 13