2023-12-31-accounts

THE FRIENDS OF WINCANTON COMMUNITY HOSPITAL CHARITY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2023

Charity Number	296475
Committee of Trustees
Chair	Mr Colin Mahoney
Secretary	Mr Ian Piper
Treasurer	Mrs Vivien Armson
Other Trustees	Mr C. Downton (Vice Chair)
	Mrs P. Allen
	Mrs G Oates
	Mr A. Chesterman
	Mrs C. Spencer
	Mr M. Spencer
	Mr A Bidwell
	Mrs S. Grimstead
Examiners	Mr C Mahoney
	Mr C Downton
Bankers	National Westminster plc
	The Commons
	Shaftesbury, Dorset
	SP7 8JY

THE FRIENDS OF WINCANTON COMMUNITY HOSPITAL ANNUAL REPORT OF THE COMMITTEE OF MANAGEMENT - 2023

OBJECTIVES

1. The object of the Friends shall be to relieve and benefit those members of the Community who are sick, convalescent, mentally or physically disadvantaged or infirm and, in addition, generally to support the charitable work of Wincanton Community Hospital and the work of other hospitals to which members of the Community may be referred by medical practitioners, together with local health support services.

COMMITTEE

1. The names of the Committee members at 31 December 2023 are listed on the preceding page.

INCOME

1. Fundraising income has significantly increased during this financial year, primarily as a result of the local community supporting 3 major fund raising events.

2. Income from donations has significantly increased this year due to a major gift from a past patient fund raising event.

3. The interest from COIF Deposit Account has significantly improved during the year in line with market rates. The investment is secure and now giving a good return. The interest earned has helped to cut our planned spending deficit from £19327 to £7969

EXPENDITURE

1. Community support. We have been able to give funding to the CAT bus which has helped them to continue the service supplied to our community.

2. Wincanton Community Hospital has benefited from expenditure on several white goods items which help daily operational needs.

3. We have completed work on two significant projects during 2023. One was the introduction of a hydraulic lift from the ward to the gardens. The lift has allowed the staff to take patients into the gardens in their beds or wheelchairs. We also needed to install a fire door to facilitate the lift. The second project was to give a total refurb to the family room. The existing room needed new furniture and the décor was outdated. This room has been renamed the quiet room and the light and airy environment has been utilised by many patients and their families.

4. We have been working closely with NHS services and purchased equipment that will allow our hospital to provide more outpatient services to our community.

FUTURE PLANNING

The majority of the funds will remain in a deposit account at the COIF where it will not be vulnerable to market reductions should gain a good return. With the current fluctuations of the Investment Market this, we believe will be the best option.

We now have, and will continue to have quarterly meetings with the Matron and her Senior staff to ensure that the funds raised by The Friends of Wincanton Community Hospital are spent on events, equipment, and needs that are in the best interests of the hospital, the staff and patients.

During 2024, we aim to create a good working relationship with our local health centre. Our main aim is to create a more ‘joined up’ approach to the care and treatment received by our residents.

Respective Responsibilities of Trustees and Examiners

The Charity’s Trustees are responsible for the preparation of the accounts. In accordance with section 144(2) of the Charities Act 2011, no independent audit examination is required as the income is below the minimum threshold.

It has been agreed by the committee that two trustees will verify the accuracy of the accounts.

The two trustees nominated are Mr C Mahoney and Mr C Downton.

Mr C Mahoney Mr C Downton

Chairman Deputy Chairman

DATE: __ DATE __

Balance Sheet

	Previous Year	Previous Year	Current Year
Current Assets	338,761		330,792
Fixed Assets	0		0
Other Assets	0		0
Current Liabilities	0		0
Long-term Liabilities	0		0
Owner Equity	0		0
Total Assets	338,761		330,792
Balance	338,761		330,792
Asset Breakdown	Description	Previous	Current
		Year	Year
Current Assets	Cash	79,578	60,251
Current Assets	Investments	256,679	259,183
Current Assets	Inventories	0	0
Current Assets	Accounts receivable	0	0
Current Assets	Pre-paid expenses	0	0
Fixed Assets	Property and equipment	0	0
Fixed Assets	Leasehold improvements	0	0
Fixed Assets	Interest	2,504	11,358
Fixed Assets	Less accumulated	0	0
	depreciation (Negative
	Value)

Other Assets	Charity	0	0
Total Assets		338,761	330,792
Liability Breakdown		2022	2023
Liability Type	Description	Previous	Current
		Year	Year
Current Liabilities	Accounts payable	0	0
Current Liabilities	Accrued wages	0	0
Current Liabilities	Accrued compensation	0	0
Current Liabilities	Income tax payable	0	0
Current Liabilities	Unearned revenue	0	0
Long-term Liabilities	Mortgage payable	0	0
Owner Equity	Investment capital	0	0
Owner Equity	Accumulated retained
	earnings
Total Liabilities &		0	0
Stockholder Equity

Profit and Loss

Friends of Wincanton Community Hospital Accounting Year 2023

	Debit	Credit
Turnover		26088
Collection boxes		389
Donations		10536
Membership		530
Fundraising		13085
Sales		1000
Legacy		548

Interest		11358
	25064
Less Cost of Sales
	180
Materials
Subcontractor Costs	24883
Less Tax-Disallowable Admin Expenses	20310
Community Expenditure	110
Hospital Equipment	8683
Plants	1340
Fund raising expenditure	2377
Printing	211
Legal and Professional Fees	20
Postage	159
Charitable Donations	7232
Insurance	179
Less Administration Expenses	42
Travel	42
Operating Profit	-7970
_Less_Drawings	0
_Less_Profit & Loss journal entries	0
Retained Profit this period:	-7970
Retained Profit brought forward:	-4243
Distributable Reserves / Retained Profit carried	-12213
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