## **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** 2. The names of the Committee members at 31 December 2023 are listed on the preceding page. ## **INCOME** 3. Fundraising income has significantly increased during this financial year, primarily as a result of the local community supporting 3 major fund raising events. 4. Income from donations has significantly increased this year due to a major gift from a past patient fund raising event. 5. 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** 6. 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. 7. Wincanton Community Hospital has benefited from expenditure on several white goods items which help daily operational needs. 8. 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 The existing room needed new furniture and the décor was outdated.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. 9. 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**|| |**forward:**|||