Friends of Victoria Hospltal Wimborne Annual Report and Financlal Statements Year Ended 31 March 2024 Charity registration nurnbei." 299230
Friends of Victoria Hospitsl Wimborne Contents (continued) Reference and Administral¢ve Details TnJstee$' Report 2to5 Slat8ment ol TntStee¥' ReSpSibIle$ Independenl Auditors, Report 71010 Statement of Financial Athtses Balance Sheel 12 Ca¥h FI Slatemenl 13 Notes tg the Fin8nual St?tementS 14to24
Friends of Victoria Hospital Wimborne Reference and Administrative Details Trustees Mr Colin Dawdson Dr Damd Dick50n Mrs Melanie Fawcell Mr Lee Hardy Mr Jeff Hart Mrs Jenny Leeder Dr David Pop• Mr8 Sharon Powell Mrs Sue Saddler Mrs Ann8 Salter Mr Nigel TaWor 299230 Charlty Regl•tratlon Numbor P#t1paI Offic Vicloria Hospital Victona Road Wimbwe BH21 1ER Franas Clark LLP Charlered Aceountsnts and Slatulory AudN¢ Towngate House 2-8 Parkdone Road Poole Dor¥et BH15 2PW Audltor Bllnkern Bardays 8ank The Squar• Wimbom? Dorsel BH21 1JE P•ae 1
Friends of Victoria Hospitsl Wimbome Trustees, Report The Iwstees present their report aloThJ wilh the financial stalement ol the charity for the year ended 31 March 2024. The finanual slatemenls have been prepared in accordanc8 with Staternent ol Recornfflended Practice applicable to charitie5 preparing their accounts in accordance with the Finanoal Reporting Slandard applicable in the UK and Republic of Ireland PU1hd on 16 July 2014. Oblectlve$ and acllvltles for ¢h¢ pubtl¢ benefft "Supporting Wimbome Hospital to prowde excellent ca. r is lo inprove healthcare for local people by working in partnership wilh 311 heatth and 3ss0uated services Its a£ieve the very best care al Wirnbome Hospit81. Our purpose Is that we lundraise and allocale re50urce5 lo SUPPDrt the delivery ol first-clas5 health serices al Wimborne H05Pltal. 1 our a1VilleS 5UPPOrt this NHS hospital's Work. 5eNice ol care which is awailable equaly lo al m•mbèrs ol th• kx81 community. AJI thi$ 1$ dernon5trably for the put4ie benefit. Gr•nt maklng pollGy Funding is considered for projecls pro¥idin9 Ihey meet the fC4ky4Thg ryiteria are lo.. . tnsurt continuty of current semces enabl¢ addrtional $eMce5 to be prowd8d Ixalty support the welkbeing or alMent of patienls. or workn'rhg condibon6 of staff enhance the hospilal or comrnunity enviroThmenl ' lm1x care Ihrough staff training. The hospital managemortt initiates reqvests lor grants. The Friènd5 have a dèar pathway lor grant requests with the ho581 management, prode a sound business ca¥e confirming Ihat th8 equipment meets on agreed need and be pul to wular. benefi(aal use. Achlevem•nt• and rfOOn¢e The Friends received ¢onlribulK)ns from inrfMduaL8 oryaniz3tions by way of subsptiOns. donalions and Iaes. Funds inueased helplulty. A membership ol about 800 provided dependable Ilow ol incorn•. W• pubhshtsd fv40 newslètters and rnainlain*d 8 plence in the locality through our Facebook pay. A small number of PTomolional e¥ents look place. Objedivej for 202>2024.. Promote fvnd raising Provide an information thannel to our mernbers and Ihe publi¢ . Liaise with the Dorsel Heallhcare NHS Tru51 over 5erwces and developments at Ihe howtal Act as an advocate for community opinKJn on local healthcare Fund staff Iraining Ihrough Phwis Coornbes Award granls . Fund the acquisition of equipmenl and ramal developments Administer the Friends. charity Shop Maintain and 5UPPOrt ho5al 51aff and our ¥olunleeis Liaison with Dor6el Healthcare NHS Trust Mèetings were held bolh eledmnThty and In person ¥nth senior managws ol Oorset HealthCAr• Tru51 and partner heatth organalloS across Dorset lo di5CUS5 the 5eNces Pfowded al the hospilal. The Locality Manager and Hosprtal Matron were in wular contsct with the Trustees, Cornmiltee_ Page 2
Friends of Victoria Hospital Wimborne Trustees, Report (continued) Hospltal Staff T_raining No applications were reiVed lor staff train¢ng. A change in Seniw Personnel at the Hospital wth a rewew ol staff development needs wl lead lo addttional train r8quest5 in 2024125. Grants for Equipment and Services The Friends paid £307,411 towards the major refttrbishment of the X-ray Departmènt, completed in April 2023. We paid £19,029 for Whitemr wall (x)veiing and committed £96.5(K) lor a cardiac ultrasound machine which is prowng quite excellent. During the year the Friends also funded regular therapy sessions prowded by'Elevale' al a cost of £13,410 and stsrted to fund a Breathlessness dinic pro¥Aded by Lvls Manning Hospice Care al a cost 01£7.000 pw year. Ch8fty Shop The shop w85 gpefi all year apart lor a Short pefiod in Seplember thile we moved premises trom 28 to 89 High Street. The brighter. more welcoming ss area has significanlty boosted the quality ol donated goods and our sales, raising the shop surF4u$ handsomtty. Fln•ncl•l ReYl•w R?s•rvts Poky The Committee's io keep fvnds to a rninlm 01 £1C#).000 aC8tIe for equipm•nl purchase. Undesignaled and unresln'cled hJTrds lolalled £4,398.762 al the yeaf end. IPlease rèfer lo the PIAns for th Future.) We do not ojrnontly have any designated or restriLled lunds. The Charity reacts to Ihe hospilal's reque51s lor lunding, and these in lum respond lo changing healthcare pollcies. The Friends remain poised lo support developmenls Of inits"abves which improve th care and lacililies of th• hOsal, and our r8s8rv•s • maintwntd lo enable a re$pon¥e to a wd¢ ran9e of costs. The security of ovr fvnds is Ihe Iwslees. lop pricrfity. Attemati¥e financial arrangements a kept under constant review.. our cash deposits are held wlh several diment prowders and some arè within the £85.000 guaranlee limrt. In readiness for large agreed expendrture. w6 have held all our 85S8I5 In cash deposits, and none In market investments. Budg&tlng'. The Friends, expendilure on m81¢¥ itern$ fc41ows the hospitsfs requirements. This 15 outside the direct control of Ihe Friends. so not susceptible lo slandard budgeling. In the year 23-24 we mel all demands on our resources and continue lo budgel In c0Th5uttalicn with Dor581 Healihcare for rnajor project5. The58 Indde upgrade5 of the Minor lTrjury Unit and the Physiolherapy Department. The Friends have worked in partnership with Dorsel Healthca over the acquisition ol the land adIanI to the hospilal. Risk Managem•nl The charity trustees Tr$idered the risks lo which Ihe Charity is exposed. rewewed those risks and established systems and proce<lures lo manage them. dHI nol idenlrfy any rnajor ri5k5. The most seriovs risk lo the charill5 objectives would be poliw changes al various levels of government and healthcare Teorgan8110n which ruld lead lo the dOSu lor radical downgrading) of the hospital. We cannot influence decbWOnS at go¥emFnenlal le¥el, bul do 8xert W855ure where appropriate on the local heatthcare trust. Page 3
Friends of Victoria Hospitsl Wimborne Trustees, Report (continued) Secondly the failure of financial institutions could Ihieaten our capital funds. We diversfy our dep051t5 and seled counterparties with ¢4re. Ihus mlMr£Ij risk as fai 35 feasible. Consideratron was given to re(luring the risk around tsustee rdes and succession anning. and four new Injslees were apwnled thjring the Jear. Qnline presence. pvbliuty and Communica0¥. The Friends, website is used by memb$ and ¥isilors lo communicate with the tharity. Inforrn thefnsèlve5 about it or Make Single or regular donalion5. Our new websile 15 securely hosted and passworded. We publish a newsletter which is sent to all rnemI)s and widely available locally and on the websrte. The Fllendj a150 have a Facebook page whth inviles public support. re¢ruils new members and promoles our eveni8. mMiZ1ng our conlact iorAI peot4e. Gging Concem.. There is currently no uncertainty aboul the charity5 quality 85 a going conwn. The Friend8, ftjnction n minimal running costs and own no pfoperty nor have any on9ng commilmenl$. The tiusl8e officers ar8 811 volun188¥s and receive no rernun8rabon. The Iwo managars In the Chanty Shop are paid from the Shop s operaljonal lunds. Our chanty enjoy5 enduring local support. This 1851 ?lernent m051 signrficantly eniurel the fvture of the tharty. Sources ol In¢orne LegarAes have as usual proveij the greatest source of income. and they are highly valued, The Shop sUlUS and m•mb•rs' subscriplions pfowde a regular and significant income which can be roughly predicted. Donabon? ond 1•gaci•s In POrf11#r •r• ¢ntirely unpredi¢t#lkn ar• most 9r3tefvlly received. Volunlefrrs Wrth tho •xc•pth)n of ¢h• two part-llme slAff, 011 Iwsl••8 and p•rnonn81 wothed lor th• FVHW did ¥0 as volunteerj. They conlribule ovtr 6,500 man-hours lo the charily over a iypical yèar. Their contribution is indispensable lo bolh the daily running Jnd swxal evenls ol Ihe Friends and is most wam)ty apprected. Structure. Gov•m¥nce •nd Management The Friends are a Sofiely which is a registered charity (Number 2992301 and whose business is conducted and managed by its Committee of Trustees. The charity is govemed by rules adopled in 1950, as arnended 20 June 1959, 27 June 1990 and 24 June 1992. A reSed con51itulion was approved and updaled in 2021. We continued lo work on Ihe priorilies ovuined in our S year slrategy. We appointed four new Iruslees. New trustees a given an indudion when Ihey start undertaking their responsibilities. The commiltee ha5 the power to appoint new tnJslees as vacandes afists and gfvas due regard lo any spedalisl skills required at Ihat lime. Pa9e 4
Friends of Victoria Hospital Wimborne Trustees, Report (continued) Rglerenc• and odmlnlstrativg de¢alls The charills name is Fiiend5 of Victra WirnLv. Its registrati number is 299230. Its office is at". Vietorfa Hospitsl, Mclcrfia Road. Wmbrn, Dorsel. 8H21 1ER Four Iru51ee¥ joined dumg th$ year. Tha t5188$. nam95 li$led Mth¢xJt ¥xr•pllon belrm.. President.. Dr David Pope Chairrnan.. Mr5 Ann8 Salter Seuetary. Mrs Sue Saddler Islarted Sep 20231 Treasurer.. Mr Peler Cadogan Ir•sSgnÈd Apn'l 20241 Dr Colin Oawdson l$tsrl•d Oct 20231 Dr Dad Di¢kson Mrs Mtlanle FwKett Mr Le¢ HArdy Mr Jèff Hart Mrs Jenny Leeder l$lartèd Mar 20241 Mrs Sharon P¢MII (started August 20231 Mr Nigal Taoor Pl¥n• forlh• Futurn DuAng 2&24 very costly projeds were In ¥aive deVelOent whith ha the polwllal lo account for al least 80% of the funds held by the Frfends. 80th arn mentioned above. One relates to a project to tjpgrade Minor Injuriés and Physlolherapy and oth¢r ospecls of the Outpa15tnls Departm¢nl. The othèr relates lo sKuring ? plec¢ of land resgwbpd by the Core Strale9y 2012 hospit use. O prfndpal focus has been on these Proje¥. Our Jtralegy IdontSfi•8 fNe aim 1. Capital Developments.. work vAth Oorset Healtkar• to upwadlng ol fadliues wtheth•r wtth equlpmenl, refvrbishmenl or acquisition ol land. 2. Workforce support.. build on co-operaiwe VenIu5. helping slaff and nurtvring strong relabon5hips 3. Volunle¥ring'. BctiV8ty seek additical Iwslees ith the sknll sets ne•ded lo support the woth ol thè Frfends. 4. Partnership Worng.. fiais? more dosely ¥th Dor5el He8llhcare. FAJI also wlh Ihe Primary Ca Ne0th, other Frftnds bodies and health organisations thIn the Integted ca Syslern. S. Flnance and Risk.. keep problty arrArpJemefts strthw: mor• Infomial meelings for tNst#•s. Successlon plannin9. li O? ..14 and sign•d M it The annu report was approved by Ihe trusiees of th¢ thanty on ... b¢haW by. cA,S,thIo- Mr5 Annè Salter Truslee P•3e 5
Friends of Victoria Hospital Wimbome Statement of Trustees, Responsibilities The trustees are responsible for preparing the tru51ee5' report and the finanual statements in accordance with the United Kingdotn Accounting Standard5 (United ltingdom Generally Accepted Accounting Practice) and applicable law and regulations. The law applicable to charities requi5 the Iru5tees to prepare finanoal statements for each finanual year which give a true and lair eW of the slate of affairs of Ihe charity anij of the incoming resources and application of resources ol the chari¢y lor that period. In preparing these finanrial statements. the tru51ee5 are required to". select suilable accounbng poliries and then aw4y them &)nsistenty. ob$erve the melhods and prinriples in Ihe Chanb'es SORP.. rnakejudgemenls and estirnates Ihal are reasonable and pruden¢'. stale whether applicable accounting standard5 have been followed. subject to any rnalerial dèpartures di5cIos8d and explained in Ihe finanryal slatemenls.. and prtrpar8 the finaneial stalem8n15 on the going concem basis unle6S rt is inappropriate to prèsume Ihat the charity wll continue in business. The tru51ee5 are re$pon51ble lor keewng prOr a¢counting records thal disdose wth re850nable accuracy at any lime the f nancial position of the Charity and enable them to ensure that the finanrial 6taternenls cornply wilh the Charities Acl 2011. the Chafitses (Accounts and Reports) Regulations 2008, and the provisions of the (onstslulion. The trustèès Arè also re$pon*ble for safeguarding the assets ol the charity and hence for taking 8$Onable slep5 for the prevenlion and deleclion of fraud and other irregularit$. The trustees are responslble for thè maintenanee and integrity of Ihe (x)Tporate and finandal Inlorrnation induded on the thantable Mpan¥S websile. Legislation goveming the preparallon and di58emination of financial 8talement8 may drfler frcffj legislatn In otheriurisilicts"ons. I l...o..7....1.%and signed on its behall ty. Appr9v¢d by th? trujlees of the tharity on ... . cASdk- Mrs Anne Saii¢r Twslee P•ue 6
Friends of Victoria Hospital Wimborne Independent Audito¢s Report to the Members of Friends of Victoria Hospital Wimborne Oplnlon We have audited the finanaal statements of Friend5 01 Wictoria Hospital Wirnbomellhe 'charily'l for the year ended 31 March 2024. whith compiise Ihe Staternenl of Financial Act1¥Ae$, Balance Sheet, Cash Flow Slatemenl. and Notes lo the Finanoal Stalemenl$. induding a sutnmary of significanl Accounting politses. The finanual reporting framework that has been app118d In their preparation 18 United kn"ngdom Acco¢Jnling Slandards. compriwng Charilies SORP - FRS 102 'The Financi81 Repo9 Standard applicable In Ihe UK and of Irdan¢f and applicable law Iuniled Kingdom Generalty A¢cepted Aunting PTaclicel. ITh our OFinion th• finandal slatèrnènts". glve a true and lair vbew ol the stal6 of the chariws affaifs as al 31 March 2024 and of Ils incoming resources and applition ol re59ur¢¢s. induding ils tncome and expendilure. for the year then ended.. have been properfy preparnd In accordan Uniled ngd Generally Aepted Accounting Pradice.. and h8vè been prepor¢d In acr))rdan with Ihe r8quir¢m¢nts ofthg Ch?riDes Ad 2011. Ba•1• lor oplnlon We conducled our audit in atcordanee Inlemation31 Slzndards on Auditing IUKI IISAs IUKII and applicable law. Our 8pOnSIbl1111eS under Ihose slandards a further described in the audhor responbIlItIeS lor the audrt of the financial stalemtnis section ol our report. W• art Independent of the charity in accordanc& wrth Ihe elhital requirement5 that are relevanl lo our audit of the finanoal slalemen15 in the UK. induding the FRC'S Ethical Stsndard. 8nd we have fvifilled our other elhieal re5ponsibililies in aCcdanCe wth Ihese requiremenls. We believe that the audrt ewdence we hav• obtalned is sufficienl and appropriale to prowde a basis for our oynion. Con¢lu8lon• rnlatlng to golng con¢•rn In auditing the financial stalèmsnts. we have conduded thal the tnjstees use of Ihe goiry concern basis Qf arxounling in Ihe preparBlson of the financial 5talernenl$ is appropriale. Based on the work we have perfomied. w• hab* not idtntffie<l afiy material une•rtainlies f•laling to events or conditions Ihal, indiwdu?lty or ColleNely. rnay cast ¥9nifKanl doubt on Ihe tharity's ability lo continue as a going ¢oncem for a period ol al leasl trlefve months from when the original financial slalemenls were authorised lor issue. Our respon5ibilrtie$ and Ihe respon¥ibiliDe¥ of the twslees Mth pecI to going concem are described in Ihe levant SecIn3 of Ihis pOrt. Othgr Informallon The trustee5 are responsibte lof the other informalion. The other inlorrnats'on comprises the information Induded in the annual pOrt. Olher than the finanaal statements and our auditorf5 report Ihereon. Our opinion on the finanrial slaternenls does nol cover the other infomialion and. except to the exlent olhemise expli¢Jtly staled in tyjr rnport, w• do not exprèss any fom ol as¥urance condusion thereon. Pay7
Friends of Victoria Hospital Wimborne Independent Auditor's Report to the Members of Friends of Victoria Hospital Wimborne (continued) In connection our audit ol the fifiancial 51atement5, our re5ponsibilty is to read the other information and. in doing so, conwder whether the other infonnation is materially InnsIStent the finanaal statements or our knowledge obtained in the audrt or oihenwse 3ppear5 to be materially mi5Staled. If we identify such rnatenal inconsistenc4es apparent material rni5Staternents, we are required to deternine whether there 15 a malerial misstalement in the finanrAal statements or a material mi5Statemenl of the olher inlormation. If. based on the work we have perfomied. we condude that there is a rnalerial misstatemenl ol this other inforynation, we are required to report Ihal fact. We have nothing to report in this regard. Mzttors on whleh w• are rtqulred to rnport by exceptlon In the light of our kn¢y•Aedge and understanding of the charity and rts enwronmenl oblained in th courstr ol the audit, we have nol idenlrfied material rnisstatemenls in the Tru5tee5' Report. We have nothin9 to report in respect ol Ihe fdlwng matters ere the Charitse8 (Accounts and Report) Regulations 2008 requi& us lo report lo if. in our opinion.. adequate arxounting records have nol been kepl. or retums adequate lof our audil have not been received from branches not $rted by us.. or the finana?l $18ternenlJ are not in agreement wilh the a¢counbng recordj and relyms., or Certain disd05UTe5 01 trustèes rèrnunèration speufied by law are nol made: or hav• nol rtt•Sved all th8 Snfomlabon and XF4an8b"ons we r•quire lor our oudlt. R•¥pon•lbllltl•• of tru•t• As explained more funy in the Stal¢ment of Trustees. Responsibilities Isel out on pa9e 61, the Iruslees are sponsIble for the preparation of the finanaal slalements and lor being satisfied that they glv true and lalr view, and lor such Inlemal control as th• trusiees delermine is necessary to enable Ihe preparaiion of finanual staiemenis Ihai are free from mzlerial rnisslalement, whtlher dua to fraud or error. In preparing the fin?nual 51alernen15, Ihe trustee5 are responsible for a55e$sing ihe tharily's ability to CL)nlinue as a going concern. disclosing. as applicable. matters relaled lo going concem and using Iho going concern basis ol accounting unless Ihe trustees either inlend lo liquidalfr tho charity or to e•asg operations, or hove no realistic 311emative bul to do so. Audltor Responslbllities lor the audll of the flnancial ststements Our objectives are lo oblain reasonable assurance alx)ut whether the finan081 stalements as A whdè are free from material misstsiemeni, whether due io fraud or error. and to issue an auditor'5 reporl Ihat indudos our opini(. Reasonable assurance is a high levèl of as5UTance, but is nol a guarantee that an audrt conducted in accordance ISA$ (UK) will ahvays delecl a material mi551alement when rt exists. Misslalemenls can arise from fraud or error and are considered material if, individually or the aggregate, Ihey could reasonably be expecied lo influence Ihe economic dea5ions of users taken on the basis of these financial sl3lernenl5. A further description ol our sPonsIbl¥ll1es is availab on thè Finantsal Reporting CounLyl'5 websrte at.. w¥.frcorg.uJaUd1I0tsr8sponsibIIrtIas. This descaipti¢)n forns part of OUT audrt¢s port. P3gE 8
Friends of Victoria Hospitsl Wimbome Independent Auditorfs Report to the Members of Friends of Victoria Hospital Wimborne (continued) Irregulariiies, induding fraud. a instances of n0n40mpance with laws and regulations. We de5Tgn procedures in line wilh our SPOnSIbl1rtIe$, ouuined above, lo detect maleiial mis5tatement5 in respect of irregularitie5, induding Iraud. The exlent to our procedu are ¢apaNe of detecting irregularities, including fraud 15 deiailed bel(M'. As part of our audrt planniThJ we ¢)btsined an underStandg ol the legal and regulatory framework that is applicable lo the Friends ol Victoria Hospital Chaty. We galned an understanding ol the Friends of Victoria Hospital charity and the Sector in which Ihe charity operates as part of this a5se85ment to idenlfy the key law3 and re9ulalions affecting Ihe charity. As pari of Ihis. we rewewed the charity's website for an indication ol any regulations in place and disvjssed these the relevant indidUalS re5POn5ible for tornpliance. The key regulaiions we identified were charity legislation, employThenl law and breaches of The General Data Prote(aion Regulakn I"GDPR'I. We also consideied Ihtsse laws and regulations that have a direct impact on the preparalM)n of the finanaal statements such a5 the Charibes Act 2011 and Charils SORP- FRS 102. We discussed with managernellt h¢)w tho complance with these law5 and regulation3 is rnonilored and discussed poliries and procedure5 in tlbce. We also idenbfied the individuals who have r•sponsibilily lor ensuring that the Charity complies with laws and wulations and deals wrth reporting any ijsues if Ihey arisè. As part of our annIng procedures. wg assessed th? risk of any non.compliance with laws and regulations on the Ch8ri¢ls ability to contsnue trading and Ihe risk of maltrlal misslalemenl to the accounts. Based OTh this understanding w• d•gned audit prct9dU io idenbfy n¥Comlian with Such laws and re9ulatK)ns. Our procedure¥ in¥dved the IdbwThJ.' Enqulries of mgnagtmenl and trustees iegafding their kn(edge ol any non-compliane8 th law8 and regulation5 Ihal could Blfect th finanual stalemenls. As part of these enquirie¥ we also discussed with managerntni whelhèr thère have been any krw in51an¢es, allegations or sU5picion5 of fraud. Re7&we& filings wilh Ih• Charity Commlss6on and tIhr thèrè were any $eriou$ Inci¢Jenl pOrtS made during the year. Rewew of the GDPR policy and enquiries to management 8$ to the o¢xurrence of any reportable breaches. Reviewed le9al and professional cost$ to identify any possible n(Trcompliance or legal costs in respect of non-comr4ianrA. . Reviewed Board minul•S. Audil8d the risk of m8naoèrnent override of contrc4s. induding Ihrough testing joum?l entrie5 and other adjustment¥ lor approprialene5S. . Reviewed estsmates and judgemenls made in the accounts for any indicabon ol frias. Re¥Aewed legades doDJmentation to ensure all acuued ineomè was not rnaterially rnis51ated. A further de3ptIon of our respon5ibilthe5 for the audit of the financial stalemenls is localed on tha Finanual Reporting Counofs website al ¥AVW.frGorg.uVaUdilorssponsibilI¢ie$. This description lortns part ol our auditorfs report. Paye 9
Friends of Victoria Hospital Wimborne Independent Auditorfs Report to the Members of Friends of Victoria Hospital Wimborne (continued) U$¢ of our report This report is made ¥olety to Ihe Chlty tsuslees, 83 8 body. in a¢rA)rdance with seeOn 144 of the Charities Act 2011 and regubalions rn8de under sectson 154 of that Act. Our work has been undertaken so that we might slate to the trustees those mattets we are QuIred to stale lo tNstees In an 8uditors' report and for no other purpose. To the fullest extent pemiitted by law. we do not accep¢ or assurne responsibillty to anyone other than Ihe thaity and ils trustees as a body. lor OUT audit work, for this report, or for the opinions have foryned. Cla LLP. IS•nior Statulory Auditor) Frencis Clark LLP, Slatulory Audrtor Towngatè House 2-8 Parkstona Road Pool8 Dorsel BH15 2PW Dale. 12 Septembei 2024 FTanrA$ Clark LLP is eligible for appointment as audilor ol Ihe ¢hanty by wrtug of rts eligibility lor appointment as auditor of a company under sec11 1212 of the Companies Ad 2C¥)6. 10
Friends of Victoria Hospital Wimbome Statement of Financial Activities Year Ended 31 March 2024 (Including Income and Expenditure Account) Unre$tri¢tsd funds Totsl 2024 Totsl 2023 Note Income and Endowments from: Donation5 and legacies Olher trading acbviti•s Inveslrnent income 113,736 65.520 224.904 113,738 65.520 224.904 1.379,048 64.165 10,369 Total Income 404,160 404,160 1,453,582 Expendlture on.. Ra15ing funds Chanlable actimtkls 12,3441 1.765.746 12,3441 1.765.746 11,4681 361,653 Total Expenditure Gainsnosses on investment assels 1.768.09) 1,768,090 363,121 276,686 Oth•r re¢ognl••d g¥ln• and108s0• Net movernent in fund5 11.363.930> 11,363,930) 813,775 ReconclllaO ol lund• Tolal lunds brought lorward Total funds carried forwafd 5.762.692 5.782.692 4,948.917 18 4.398,762 4.398.782 5,762.892 l of Ihe charity's a¢alwties derive from conlwiuing QF¢ralion¥ during thg alm porW8. Th• not•5 on 14 to 24 frym •n p•rt Oflhwf•nrA•I Itst•m. Page11
Friends of Victoria Hospital Wimborne Balance Sheet 31 March 2024 2024 2023 Note Currènt assets Stocks Debtors Investrnents Cash al bank and in hand 132 79.213 7.455 4,439,459 227 1,319,844 7,310 4,764,142 12 13 4,526,259 6,091,523 Crodltorn: Amounts falllng du• wlthln on• y•ar 14 127.49 328,831 Net ass 4.398.762 5,762,692 Fund8 01 th• charFty: Unr¢$¢rf¢¢¢d In¢om• fvnd• Unre5tricled lund5 4.398.762 5.762,692 5.762.692 Total fund• 16 4.398.762 The fln8ncAal stalemenls on pages 1110 24 were appro¥•d by lh• tfusle•$. gnd •ulhori$od ftsr IsBue on..l.i .o.?...Zlk and sl9n•d on ih•lr bthaN by.. Mrs Anne Sotter TruBtee The notes on pages 14 10 24 form an InrnI p*rt¢llhw firt•nd•l s1ments. Ptye12
Friends of Victoria Hospital Wimbome Cash Flow Statement Year Ended 31 March 2024 2024 2023 Not• Cash 110 from operating ¥¢dvltle• Net cash lexpendilurellincome 11.363.930) 813,775 Adjustments to ¢•sh Ilow• Irom non•Ga•h btems Investment incom& (Profitll loss on disposal of investm¢nt$ 1224,9041 110,3691 276,686 1,080,092 11,588,834) Worklng capltal adjustments Decrease in stocks Decreasellincreasel in debtors (Decreasellincrease In credito Net cash flows from yrating acti11•$ Calh flo from Inve8tbng acilvltlei Interest receivable and similar NKome Purchase of investments Proceeds of investmenl disposals Net Cash flows Irom InSting adiwtits 11 12 14 95 1,240,631 201,334 482 11,313,562) 287.688 $49,442 34.680 224.904 11451 10.369 1691.9801 2.863.638 224.7S9 2,182.025 Nel Id8ueaselhnuease in cash and cash equivaknts Cash and cash equivaknts at 1 April 1324.6831 4.764.142 2,218.705 2.S47.437 Cash and cash equivalenls al 31 March 4.439.459 4,704,142 l ol the cash flows 8re d1ved from conlinuing oper8ts.ons durin9 I abov• pgriods. Thè noles on pa9ts 14 to 24 form •n p•rt of th¢se fm•nu•l str1nts. Pg9• 13
Friends of Victoria Hospital Wimborne Notes to the Financial Statements Year Ended 31 March 2024 1 Accountin9 policies statement of cornpliance The finanrial 51atemenls have been prepad in accordance wilh Accounting and Reporting by Charities. Statement of Recommended Pracbce zppliGgble lo tharilies preparing their accounts in accordance wrth the Finanual Repong Slandard applicable in the UK and Republic Df Ireland IFRS 1021 (effective 1 Janu8ry 20191 Icharibes SORP IFRS 10211, lh8 Finan31 Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charibes Act 2011. Bas1$ ol prnparatlon Friend5 of Victoria Hospitsl is a regisle(ed charty, regi5tr8tion nurnber 299230. registered In the United Kingdom. The nature ol tho ehaiW$ operations and principal a(aivities are descnbèd In the Tru51ee5' 8nnual report. The ¢hority conststutes a public benefil entity as defined by FRS 102. The finaneial stataments haw be prspared on a gomg concern basis under the his1ori1 wst convention, modified to indude ceriain rtems al laii value. Thè finantsal statement¥ ?r¥ prepared in sterling which is the funclional currency ol U)e charily and rourKled lo the nearest £. Thè significant aeeountlng polic485 applied in the preparatiort of thfrse financial sialèments are set out below. These pol¢ries have been consistenlty to all ye3rs unless olhemse staled. In¢omg ¥nd •ndowrnents Voluniary income including donationi, gifts, le9ac¥es and granls that pfomde core funding or are of a gtneral nalure is recognised when the tharity has entitlement lo th8 income, rt 1$ probable that the Income will be received and Ihe amount can be measured wlh $uffiaenl reliability. Donallons and legaehs Donations and legaoes arts iéeognis•d receiVae basis when reIPl is probabl8 and the amounl can be reliably measured. Investment In¢ome Interest on cash deposits 15 recognised on a recoivablt b8si$. Inme on li$ied inveslments and Unl$ed funds Is recognised when the underfwng serity 15 quoted as ex-diwdend. Expendlture All expenditure ¢s recognised once there is a legal or con5ttudive obligation to that expenditu. it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expendilure heading that 39gregale sirnilar costs lo thal category. whe CD5t5 G3nnot be diiECtly attributed lo particular heading5 Ihey have been allocaled on a bas15 consistent wilh tha Use of resources, with central staff costs allocated on the b3515 of IiTne spent. and depreualion charges allocated on the portion ol the asset's use. Othei support C0515 are allocaled based on the Spread of staff costs. Page 14
Friends of Victoria Hospital Wimbome Notes to the Financial Statements Year Ended 31 March 2024 (continued) Ralslng lunds Thesa are costs inturred in attracting voluntary income, the ma)agement of investmenls and those incurred in liading aclmbes thal raise hjnds. Chorltable &ctlvllie• Charilable expenditure compii5e5 those c05t5 inujrred by the Charity In the delivery ol 115 athvilies and services for its benefiriaries. 1¢ indudes both costs that can be alocated diredy to Such a¢'vitses and those cost5 of an indirect nature necessary lo support them. Grantprovlslons Prowsions for grants are made when the intenlion to make a granl has been o)mmunicaled lo the r8upi8nt but thèra Is uncerta¢nty ab(4Jt e¢ther th• ts.ming ol Ihts grant or the amount ol grant payaL48. Ggvernance cotsts These indude the ¢o¥ls attributat4e to the nVanCe wilh g)n5titu.Qn8l and Jlalulory requirements, induding audrt. strategic management and trustees meetings and reimbursed expen¥gJ. Taxatlon The charity is considered lo pass thè tests stt ¢t in Paragraph 1 Sth•dul8 6 of th• Flnanc¢ Act 2010 and therefor¢ it meets Ihe definrtiC ol a charitable company lor UK Co019110 tax purposes. Accordingly, the charrty is potenbalty exempl from laxalion in respect of income or capital gain6 received within categories coveied by Chaptw 3 Part 11 01 the Corporatson Tax Ad 2010 or Section 256 of the Taxation of Chargeable Gains Acl 1992, 10 th8 •xl•nl that suth Income or galri Ar pplied exdu$Nety lo thBritable purp05e$. Current a••et Inv¢•¢ments Current asset inveslrnenls ar• Induded at lh• low•r of eosl and n•t r•alisabl• valua I mth•t valuè. stork Slock is valued al lh8 lowtr ol Cost and •stimald selling prie• lS cosls to eDmpl•t8 and ioll. after due regard for objolete and slow rnovmg stocks. Cost is delwrnined using the first-in, first-out IFIFOI method. Ca8h and cash equlvalen¢s Cash an¢5 ¢ash equivalenls comprisè eash on hand and ¢8H dep05it5, and other short-tem highly liquid investments that are readily o)n¥ertible lo a knun amount of cash and are subje¢¢ lo an Insignificant fisk of change in ¥alu&. Fund 8tructure Unrestncted income fvnds are general fvnds Ihat are avalable for use at the tru51ees' discretion in furtherance olthtr obiectNes ol the Chaiity. Page 15
Friends of Victoria Hospital Wimborne Notes to the Financial Statements Year Ended 31 March 2024 (continued) Pen55on$ and other pogt rement obllg4Uon$ Contributions to defined contnbution plans are recogni5ed as ernOYee benefit expense when they are due. 11 contributn Pen15 exceed Ihe contiibuiion dve lor services, the excess 15 recon9nised as a prepayment. Golng concern The financial statements have been prepared on a going Cor£M basls. In the opinion of the trustees the charity ha5 suffitient working captal to continue to meet ils finanaal obligations and pay flj liabilities a5 they fall due fgr the loreseeable fvlure and therefore the financial statements have been ppared on a going ncern b251s. The tnJstee$ have nSIdered the level ol funds held and the expected level of income and expenditure for 12 months from aulhorising these finanrial slalements. The budgeted income and •xpenditur• is suffiaent the lèvel of resee$ held and th8 additson81 coronawrus fundin9 received lor the charty to be able to continue 35 3 going concem. 2 Incom• from don•tlon• •nd l•g•cl Unrn•tslGt•d Totsl 2024 Tot¥1 2023 G•n?rwl Donations and legacles Donations from indiwdu¥l Legaries Gift aid redairned 6.756 1cKI.571 8.409 6,756 100.571 6,409 5,395 1,371,427 2.226 113.736 113.736 1,379,048 Pag8 16
Friends of Victoria Hospital Wimborne Notes to the Financial Statements Year Ended 31 March 2024 (continued) 3 Income from other tradlng acllvitS05 Unre8tiicl•d Tot•1 2024 Total 2023 G•n•rnl Trading income Shop income from ¥ale ol donated goods and 8erw¢es Membership subs¢Jiptsons 53.367 12.1S3 53,387 12.153 47,935 16,230 64.185 65.520 6S.S20 4 InvMtrn•nt Incom• Unr••trlcted Totsl 2024 Total 20Z3 Gener•1 Inleresl receivable and $Srnllar incomo Interest receivable on bank deposrt 224.904 224,904 10.369 5 Net Incoffllngloutgolng mources Nel loul90in91lincomin9 resowcg$ lor the IdI. 2024 2023 The audrt ol the chantys annual accwnts 9.625 Ptye17
Friends of Victoria Hospital Wimbome Notes to the Financial Statements Year Ended 31 March 2024 (continued) 6 Expendlturn on rnl•lng lund8 al Costs of tradlng a¢lltle9 UnTrstrlcted funds G•n•ral Totsl 2024 Total 2023 Nots Fundraising tradin9 cosI$: Fundraising 1,488 1.468 Pap 18
Friends of Victoria Hospitsl Wimborne Notes to the Financial Statements Year Ended 31 March 2024 (continued) 7 Expendlture on ¢horitable actlvltles Charftable •¢tl¥ltles expendlture Totsl 2024 Total 2023 Fundr818ing tr8ding'. tost ol goods gohj Costs of hospital improvements and equFwgnt Ph11$ Coombes awards- educalion Staff Costs Sundry and other Msts Govemance costs (see note below) Charitat4e donations Bank tharges 49,860 108,495 17.975 270,918 1,294 25.730 38,790 6,948 27.847 24.920 9.625 1.541.180 3,819 1,785.748 361,653 8 An81* of gov•manc• co•t• Govemane• eo•t• Unve$trfcl•d fvnd• Totsl 2024 Total 2023 G•n•r•l Audst of the finan(131818tements 9.625 9.625 6.948 9,625 9.625 Page 19
Friends of Victoria Hospital Wimborne Notes to the Financial Statements Year Ended 31 March 2024 (continued) 9 Staff costs The a99rega¢e pa1 $t5 were as follM: 2024 2023 Staff costs durfjng the year wer•: Wages and salaries Sorial security cosls Penslon ¢xJsts 25,589 1,210 1,048 23.205 523 1,902 27,847 25.730 The mgnthty Jvera9e numter of pers1 (Induding 8enior managemenl I leadership leaml employod by the charity during the yeaf was aj Ic41ows'. 2024 No 2023 Charity Bhop No ernployee reL%wed eM0Men19 ol more than £80.CW during the Pig• 20
Friends of Victoria Hospital Wimborne Notes to the Financial Statements Year Ended 31 March 2024 (continued) 10 Trustees remunerntlon and expenses No trustees. nof any pofsons Connected with them. have reeeNed any remunotsth.on trom thè tharity uring Ihe year. During the year the tharity made the folkn¥ing tranwbon5 with trust9.. Mr Peter Cadogan £980 12023.. £6681 of expenses were reimburned lo Mr Peter Cadogan during the year. Mr5 Raè Cotton £315 12023.. £3791 of expenses were reimburned io M¥s Rae Cotton during the yeaf. Mr8 June Trlpp £NIl12023". £201 ol expenses ware rwmbwsfrd lo Mrs Jun• Tripp duiing the y. Mrs Anne Saltsr £NIl12023". £271 ol exn$•S w•r8 ralmbutsed lo Mr5 Amnt Sart•r during tho yaar. Mrs Val Sweetlove £266 12023. £3181 ol expens•s wern r•ln*ur8ed to Mis v Sweeuove during th• year. Mr¥ Chrfstlne Hawklns £3312023". £NiD of •xwnses w•ro folmburn•d lo Mrs Christin• Hawkins during lh• 3T. MrJ8ff Hart £27412023.. £Nsll olexpgn$•$ WO rnlmbursod to Mr Jgff Hart durfng tho y9•r. Dr Davld Pope £3012023." £Nill ol expenses were r•6mbuis¢d lo Dr Dad P¢)pe ¢Jurin9 Ihe ¥r. Mr Niy¢l Taylor £34012023. £Nill ol expenses werts 1MbUrSed to IAr Nigel TaOor during thè yaai. No trustees have recei1 any other benefts trom the charity during the year. 11 Stoek 2024 20Z3 sIcks 132 227 12 Debtorn 2024 2023 Accrued incom Pwayments and olher debl 70.313 8.9C 1.311.386 8,458 79,213 1,319,844 Page 21
Friends of Victoria Hospital Wimborne Notes to the Financial Statements Year Ended 31 March 2024 (continued) 13 Current agset Inveslments L15ted othtf $hare8 Total Coll or valuatlon Al 1 April 2023 Additions and Inte5t received 7.310 145 7,310 145 Al 31 Mafth 2024 7.455 7.455 14 Cr•dltorn: amount¥ hlllng du• wlthln OM y•ar 2024 2023 Aeeruals 127,497 328,831 15 Commltsngnts Other 15non¢l•l cornmltrnents At Iht year end the chanty had annual tmMitMentS under nonll(xncellable Opera.ng leases in re5pecl of land and buildings. The total amounl of other finantial eommilm•nlX not w0d*d in I finandal stal•m•nls was £28,000 12023. £42.OCIII. Pag• 22
Frl8nd8 ol Vlctorfa Hosp5tal Wlmborne Notes to the Financial Statements Year Ended 31 March 2024 Iconlinuedl 11 Fynd• eOMln• R••ourrry¥ 31 •xp•nd•d Mirch 2024 Unr••iAct•d lu g•nwwl UniDrhGt•d fwd lo1.1 4 3•8 702 Oth•r rco9nl•d 8•linc• •131 3023 ITrEornlrvJ mourc•• R•V)r¢*I I22 O•p•rnl knd• 278.688 5.762 612
Friends of Victoria Hospital Wimbome Notes to the Financial Statements Year Ended 31 March 2024 {continued) 17 Related party transactions There were no re¢ated party Iransaction5 in Ihe year. P•3e 24