FRIENDS OF DANESBURY AND QUEEN VICTORIA MEMORIAL HOSPITAL
TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
REGISTERED CHARITY No. 286165
FRIENDS OF DANESBURY AND QUEEN VICTORIA MEMORIAL HOSPITAL
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
CONTENTS
| Page | |
|---|---|
| Legal and administrative details | 2 |
| Report of the Trustees | 3 |
| Report of the Independent Examiner | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Statement of Cash Flows | 8 |
| Notes to the Financial Statements | 9 |
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FRIENDS OF DANESBURY AND QUEEN VICTORIA MEMORIAL HOSPITAL
LEGAL AND ADMINISTRATIVE DETAILS
| REGISTERED CHARITY No: | 286165 |
|---|---|
| GOVERNING INSTRUMENT: | Objects and Rules of |
| Friends of Danesbury and | |
| Queen Victoria Memorial Hospital | |
| PRINCIPAL ADDRESS: | School Lane |
| Welwyn | |
| Herts AL6 9SB | |
| BANKERS: | Barclays Bank PLC |
| Welwyn Garden City | |
| Herts AL7 1SJ | |
| Unity Trust Bank | |
| 4 Brindleyplace | |
| Birmingham | |
| B1 2JB | |
| United Trust Bank Ltd | |
| 1 Ropemaker Street | |
| London | |
| EC2Y 9AW | |
| Monmouthshire Building Society | |
| John Frost Square | |
| Newport | |
| NP20 1PX | |
| Shawbrook Bank | |
| Lutea House | |
| Warley Hill Business Park | |
| Brentwood | |
| CM13 3BE | |
| INDEPENDENT EXAMINER: | Paul Skipper FCA |
| HBB Audit Limited | |
| Hatfield | |
| Hertfordshire AL10 0SP |
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FRIENDS OF DANESBURY AND QUEEN VICTORIA MEMORIAL HOSPITAL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022
The Trustees present their report and financial statements for the year ended 31 December 2022.
CHARITABLE OBJECT AND PRINCIPAL ACTIVITY
1 Introduction
In 2001 the Trustees received permission from the Charity Commissioners to provide financial support for all NHS facilities within the parishes of Welwyn and Knebworth currently existing and such other NHS units as may be opened to serve the same population.
Danesbury Home and Queen Victoria Memorial Hospital have been situated on the same site since 1993. In 2003 the Friends of both units incorporated into one registered charity. In April 2009 Danesbury became a Neurological Centre and is part of the Hertfordshire Community NHS Trust.
At the EGM of 12 February 2019 the aims of the charity were widened to extend the geographical scope to NHS hospitals, homes, clinics and other facilities in the county of Hertfordshire.
2 Primary Objective
The Friends continue to provide, as their primary objective, practical and financial support to Danesbury Neurological Centre and Queen Victoria Memorial Hospital in Welwyn.
Danesbury Neurological Centre offers a variety of treatment options for adults with a neurological problem such as stroke, Multiple Sclerosis, Parkinson’s disease and other such conditions. The Queen Victoria Memorial Hospital, as part of the Herts Community NHS Trust’s Intermediate Care team, caters for patients who need rehabilitation following a stay in an acute hospital.
TRUSTEES AND MANAGEMENT COMMITTEE
The Trustees during the year under review were: Marianne Hawes - Chairman Simon Whitworth - Treasurer Julia Oliver Tony Stowe Joy Wearing Gregory Ainscough Deborah Lee Oldham Jennifer Fowler Jill Conium – appointed 7 September 2022
Secretary – Val Holland
No Trustee received any remuneration for services as a Trustee. No Trustee had any beneficial interest in any contract with the Charity during the year under review. One third of the Trustees together with any new appointee are submitted to the Annual General Meeting of the supporters for election.
3
FINANCIAL REPORT
The results of the year are as detailed in the attached financial statements independently examined by chartered accountants for the Charity. The financial statements comply with the Statement of Recommended Practice, Accounting and Reporting by Charities and the accounting requirements of the Charity's own governing document.
Income from our shop supplemented by donations fund both major expenditure for equipment and patient support costs.
As in previous years continued financial restraints within the National Health Service have resulted in the Friends responding to the requests of the local management for the purchase of equipment. During the year £45,021 (2021 - £27,133) has been spent on such items and therapy and other patient support.
The income raised by the charity shop chiefly provides financial support to the NHS facilities as defined under the Objects and Rules of the Charity. During the year £14,096 (2021 - £2,694) of direct charitable expenditure had been made on capital items of equipment for Danesbury Neurological Centre.
All major purchases are made through the NHS having had their approval and are covered by safety guarantees from the manufacturers.
Reserves and Projected Expenditure
All reserves are unrestricted funds and the Trustees aim to maintain reserves at a level which will enable the Charity to respond to all reasonable requests by Danesbury Neurological Centre and QVM Hospital for funds, as well as setting aside funds to cover risk associated with operating the charity shop. The reserves of £216,393 carried forward as shown on the Balance Sheet cover committed expenditure of £47,039 (2021: £43,273) as at 1[st] January 2023.
Shop Management
The Trustees would like to place on record their appreciation of the management of the shop and all involved in our charitable organisation and to all members of the public for their generous support.
Risk Review
The Management Committee has considered the extent to which the Charity could be exposed to significant external risks to funding.
Internal risk assessment is regularly reviewed, particularly those related to the operations and finances of our shop and we are satisfied that our monthly reporting system will mitigate our exposure to any major risks. Out of the reserves of £216,393, £40,000 has been set aside for this purpose.
Volunteers
The administrative costs of the Charity have been kept to a minimum through the activities of a number of volunteers. Their input is commended and the Trustees acknowledge their invaluable contribution to the quality and success of the service that is provided for the well-being of the patients.
The Trustees declare they have approved the Trustees’ Report above. Signed on behalf of the Trustees
Marianne Hawes Chairman
19 September 2023
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REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES OF FRIENDS OF DANESBURY AND QUEEN vicfoiuA IVIEMORIAL HOSPITAL r¢port on the CoUnts of the Trust for the year ended 31 December 2022, which are set out on pages 6 to 13. Respe¢tlv¢ responslbllltles of trustees and examlner Thc charity's trustecs are rcsponsible for thc prcparation of thc accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to.. examine the accounts under sectson 145 of the 2011 Act; follow the Procedures laid domm in the Genernl Directions vert by the Charity Cornmission (under section 145{5)(b) of the 2011 Act. and state whether particuLar matters have Gome to my att¢ntion. Ba81s of Independent examiner's report My examinats'on WA& ca]ed out in Accordance with the General Direction8 given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the a¢counts presented with those records. It also includes Consideration of any unusual ilerns or disclosures in the accounts, and seeking explanations from you as trnskes concerning any such matters. The procedures undertaken do not provide all the cvid¢n¢¢ that would be required in an audit, consequently no opinion is given as to whether th¢ accounts present 4 true and fair view and the report is limited lo those mAtters $¢t out in th¢ stAt¢m¢nt below. Independent examlner'8 statement In the course of my exarninlltion, no matter has come to my attention.. (i) which gives me reasonable ¢iuse to believ¢ th&t in Any m&t¢ri&l respect the requirernents.. to keep accounting records in ac¢ordan¢e with section 130 of the 2011 A¢t' and to prepare accounts which accord with the a¢counting records and comply with the accounting requirements of the 2011 Act have not been met. or (2). whi¢h, in my opinion, attention should be drawn in order lo enable a proper und¢TStanding of the accounts to be Teached. Paul Skipper FCA HBB Audit Limited H&tfield Hertfordshire ALIO OSP 19 September 2023
FRIENDS OF DANESBURY AND QUEEN VICTORIA MEMORIAL HOSPITAL
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022
| INCOMING RESOURCES NOTES Income from: Donations Trading Activities: Shop sales 4 Interest receivable Government grants 5 Total Incoming Resources RESOURCES EXPENDED: Expenditure on: Charitable Activities 6 Raising funds: Shop expenses 4 Other 7 Total Resources Expended NET INCOME/ EXPENDITURE FOR THE YEAR Reconciliation of funds: Fund balances brought forward at 1 January 2022 Fund balances carried forward at 31 December 2022 |
2022 £ 3,098 127,341 1,479 - 131,918 45,021 81,449 8,728 135,198 (3,280) 219,673 216,393 |
2021 £ 7,455 86,989 886 20,728 116,058 29,827 64,749 7,312 101,888 14,170 205,503 219,673 |
|---|---|---|
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FRIENDS OF DANESBURY AND QUEEN VICTORIA MEMORIAL HOSPITAL
| BALANCE SHEET AS AT 31 DECEMBER 2022 CURRENT ASSETS Notes 2022 £ Other debtors - Cash and Bank Balances 2 218,175 CREDITORS: Amounts falling due within one year 3 1,782 216,393 FUNDS (UNRESTRICTED): 216,393 |
2021 £ 173 222,899 3,399 219,673 219,673 |
|---|---|
Approved by the Trustees on 19 September 2023 and signed on their behalf by:
CHAIRMAN - M.Hawes
TREASURER - S.Whitworth
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FRIENDS OF DANESBURY AND QUEEN VICTORIA MEMORIAL HOSPITAL
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2022
| Cash from/(used) in operating activities Cash flow from investing activities Increase/(Decrease) in cash in year Cash at the beginning of the year Total cash at the end of the year |
2022 £ (6,203) 1,479 (4,724) 222,899 218,175 |
2021 £ 9,115 886 10,001 212,898 222,899 |
|---|---|---|
8
FRIENDS OF DANESBURY AND QUEEN VICTORIA MEMORIAL HOSPITAL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
1. ACCOUNTING POLICIES
Basis of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) issued on 16 July 2014 and the Charities Act 2011.
The charity meets the definition of a public benefit entity set out in FRS102.
Voluntary Income
Donations, gifts and income from fund raising activities are included in the income and expenditure account when the charity becomes entitled to the income which is normally in the period of receipt.
Gift Aid received is included in the income and expenditure account according to the period to which it relates.
Income received after deduction of tax at source, including income received from Gift Aid is shown inclusive of the tax recoverable.
Goods donated for resale in shops
Income is included in the period in which the goods are sold. No value is ascribed to donated items in stock at the year-end as it is considered to be impractical to do so.
Voluntary help
The charity receives very substantial assistance in the form of voluntary help. It is not possible to quantify the value of this help and it is not included in the accounts.
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FRIENDS OF DANESBURY AND QUEEN VICTORIA MEMORIAL HOSPITAL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
| 2. CASH AND BANK BALANCES Barclays Bank: Community Account (Home) Business Premium Account (Home) Unity Trust Account (Current) United Trust Account (Deposit) Shawbrook Bank (Savings) Monmouth Building Society (Investment account) Treasurer's Cash Float 3. CREDITORS: Amounts falling due within one year Trade Creditors Social security and other taxes Other creditors Accruals |
2022 £ 26,636 3,223 7,422 85,000 10,286 85,604 4 218,175 2022 £ - (40) 301 1,521 1,782 |
2021 £ 19,912 3,220 18,325 85,940 10,240 85,178 84 222,899 2021 £ - 1,924 46 1,429 3,399 |
|---|---|---|
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FRIENDS OF DANESBURY AND QUEEN VICTORIA MEMORIAL HOSPITAL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
4. NET INCOME FROM SHOP SALES
| 2022 | 2021 | |
|---|---|---|
| Sales | £ | £ |
| Donated Goods | 127,341 | 86,989 |
| Expenses | ||
| Rent and Insurance | 19,255 | 19,200 |
| Heating, Lighting and Water | 3,504 | 2,515 |
| Shop Fittings and Maintenance | 1,872 | 2,155 |
| Refuse Clearance | 3,490 | 3,920 |
| Health and Safety | 556 | 332 |
| Staff Wages | 48,892 | 34,182 |
| Staff Pensions | 340 | 211 |
| Miscellaneous Expenses | 579 | 399 |
| Card payment charges | 2,961 | 1,835 |
| 81,449 | 64,749 | |
| Net Income |
45,892 | 22,240 |
| The shop lease of 4 High Street, Welwyn, was extended for a further 9 years from 24thAugust | ||
| 2022. One shop manager and two occasional assistant managers are employed, assisted by unpaid | ||
| volunteers. |
Sales income is derived entirely from the sale of donated goods.
5. BANK INTEREST RECEIVED
| Barclays Business Premium Account Monmouth Building Society Account United Trust Account Shawbrook Bank Account |
2022 £ 3 426 1,004 .46 1,479 |
2021 £ - 178 627 81 886. |
|---|---|---|
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FRIENDS OF DANESBURY AND QUEEN VICTORIA MEMORIAL HOSPITAL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
6. DIRECT CHARITABLE EXPENDITURE
| Patient support for the Danesbury and QVM Residents’ therapy support and entertainment Special Needs computer internet Patients’ gardens Transport for patients Capital expenditure on equipment: Danesbury and QVM Total expenditure 7. ADMINISTRATIVE EXPENSES Governance: Salaries Insurance Training courses and subscriptions Printing and stationery Telephone and internet Independent Examiners fees Accountancy Bookkeeping Legal fees Website Sundry expenses |
2022 £ 20,799 2,713 4,628 2,785 30,925 14,096 45,021 2022 £ 3,330 -. 1,513 440 850 761 760 - 474 360 240 8,728 |
2021 £ 10,539 5,756 7,931 2,907 27,133 2,694 29,827 2021 £ 3,436 - 968 426 293 645 604 - 760 180 - 7,312 |
|---|---|---|
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FRIENDS OF DANESBURY AND QUEEN VICTORIA MEMORIAL HOSPITAL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
8. EMPLOYEE COSTS AND NUMBERS
The employee costs during the period were as follows:
| Wages and Salaries Pension Costs |
2022 £ 52,222 3 340 52,562 |
2021 £ 7,618 211 37,829 |
|---|---|---|
The average numbers of paid employees during the period were as follows:
| Office Staff Shop staff |
2022 2 2 4 |
2021 2 2 4 |
|---|---|---|
In addition to these employees the charity receives assistance in the form of voluntary help.
No remuneration was paid to the Trustees.
9. FEES FOR EXAMINATION OF ACCOUNTS
Independent examiner’s fees |
2022 £ 761 |
2021 £ 645 |
|---|---|---|
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