Friends of Victoria Hospital Wimborne Annual Report and Financial Statements Year Ended 31 March 2025 Charity registration number.. 299230
Friends of Victoria Hospital Wimborne Contents (continued) Reference and Administrative Details Trustees, Report 2to5 Slalement of Trustees, Responsibilities Independent Auditors, Report 71010 Statement of Financi81 Activities Balance Sheet 12 Cash Flow Statement 13 Notes to the Financial Statements 141022
Friends of Victoria Hospital Wimborne Reference and Administrative Details Trustees Mr Colin Davidson Dr David Dickson Mr Lee Hardy Mr Jeff Hart Mrs Linda Hollingbery Mrs Jenny Leeder Dr David Pope Mrs Sharon Powell Mrs Sue Saddler Mrs Anne Salter Charity Rggistration Numbar 299230 Principal Office Victoria Hospital Victoria Road Wimborne BH21 1ER Auditor Francis Clark LLP Chartered Accountants and Statutory Auditors Towngate House 24 Parkstone Road Poole Dorset BH15 2PW Bankers Barclays Bank pl Bridgewaler House Counterslip Bristol BS1 6BX Page 1
Friends of Victoria Hospital Wimborne Trustees, Report The trustees present their report along with the financial statement of the charity for the year ended 31 March 2025. The financial statements have been prepared in accordance with Statement of Recommended Practi applicable to Charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland. Ob ectives and activities for the ublic benefit "SupKlOrting Wimbome Hospital lo provide excellent care Our vision is lo improve healthca for local people by working in partnership with all health and associated servi$ lo achieve the very best care al Wimborne Hospital. Our purpose is that we fundraise and allocate resources lo support the delivery of firsl-class health services al Wimbome Hospital. All our activities support this NHS hospital's work, a service of care which is available equally lo all members of the local community. All this is demonstrably for the public benefit. kin Funding is considered for projects providing they meet the followng criteria which are to.. To supplement the services provided for the health, welfare and comfort of all patients at the hospital and other persons in the community by the provision of facilities, buildings, equipment and staff (both paid and volunlaryl To provide or procure the provision of the training and professional development of hospital staff To recruit and lo assist in the recruitment of voluntary workers in and for the hospital or for any activity of The Friends To promote, encourage, foster and maintain public interest in and support for the hospital To raise funds {bul not by means of taxable trading). The hospital management initiates requests for grants. The Friends have a clear pathway for grant requests with the hospital management, who provide a sound business case confirming that the equipment or services meets an agreed need and will be used for regular beneficial use. Ob ectives for 2024-2025.. Support fund raising for the benefit of the charity Provide an information channel to our members and the public Liaise with the Dorsel Healthcare NHS Trust over services and developments at the hospital Act as an advocate for community opinion on local healthcare Fund staff training through a ring fenced budget Fund the acquisition of equipment and capital developments Administer the Friends, charity Shop Support hospital staff and our volunteers Liaison with Dorsel Healthcare NHS Trust Meetings were held both electronically and in person with senior managers of Dorset Healthcare Trust and partner health organizations across Dorsel to discuss the services provided at the hosprfcal. The Locality Manager and Hospital Matron were in regular contact with the Trustees, Committee. Page 2
Friends of Victoria Hospital Wimborne Trustees, Report (continued) Grants for E ment and Services The charity was able to fund additional projerts al the hospital. . £96,000 paid for improvements to the Ultrasound Department £14,000 funded higher specification gynecological theatre equipment Commissioned a Breathless Service provided by Lewis Manning al the hospital, £14,500 Commissioned Creative Support for Patients as provided by Salisbury Hospital £15,000 Chari Sho The Charity Shop is self-fLJnding with limited profit at the end of each year. The shop however makes a valuable contribution lo public awareness in the town. The shop has the only paid persons within the charity with two part lime staff,. all other work is carried out by Volunteers. Flnanclal Revlew Resetves Polic The Commillee's policy is lo keep funds to a minimum of £100,000 accessible for fixed costs. Undesignaled and unrestricted funds lotslled £4,577,322 at Ihe year end. (Please refer to the Plans for the Future.) We do not currently have any designated or restricted funds. The charity reacts to the hospital's requests for funding, and these in turn respond to changing healthcare policies. The Friends remain poised lo support developments or initiatives which improve the care and facilities of the hospital, and our reserves are maintained to enable a response lo a wide range of costs. The security of our funds is the Iruslees, lop priority. Alemalive financial arrangements are kept under constant review,. our cash deposits are held with several different providers and some are within the £85,000 guarantee limit. In readiness for large agreed expenditure, we have held all our assets in cash deposits to help minimise the risk to the funds. Bud elin The Friends, expenditure on major items follows the hospital's requirements. This is outside the direct control of the Friends, so not susceptible lo standard budgeting. In the year 24-25 we mel all demands on our resources and continue to budget in consultation with Dorsel Healthcare for major projects. These included an upgrade of the Ultrasound department and the continuation of commissioned services for activities to support re-habilitation and Breathlessness Services. Risk Mana emenl The charity Iruslees considered the risks lo which the charity is exposed, reviewed those risks and established systems and prOdureS to manage them. They did not identify any major risks. The mosl serious risk lo Ihe charills objectives would be policy changes al various levels of govemmenl and healthcare reorganizalion which could lead lo Ihe closure lor radical downgrading) of the hospital. We cannol influence decisions al governmental level, but do exert pressure where appropriate on the local healthcare trust. Secondly the failure of financial institutions could threaten our capital funds. We diversify our deposits and select counterparties with care, thus minimizing risk as far as feasible. Consideration was given to reducing the risk around trustee roles and sUcSsion planning, one new trustee was appointed during the year. Page 3
Friends of Victoria Hospital Wimborne Trustees, Report (continued) Online resence and communications= The Friends, website is used by members and visitors lo communicate with the charity, inform themselves about it or make single or regular donations. Our website is securely hosted an passworded. We publish a newsletter twice a year which is sent to all members and widely available locally. The Friends also have a Facebook page which invites public support, recruits new members and promotes our events, maximizing our contact with local people. Goin Concern.. There is currently no uncertainty about the charity's quality as a going concern. The Friends, function on minimal running costs and own no property nor have any ongoing commitments. The Iruslee officers are all volunteers and receive no remuneration. The two managers in the Charity Shop are paid from the Shop's operational funds. Our charity enjoys enduring local support. This last element most significantly ensures the future of the charity. Sources of Income Whilst legacies continue lo be a valuable Sour of income the interest from savings has been the greatest producer of income this year. The Shop surplus and members. subscriptions provide a regular and significant income which can be roughly predicted. Donations and legacies in particular are entirely unpredictable but are most gratefully received. Volunteers With the exception of the two part-lime staff, all trustees and personnel who worked for the FVHW did so as volunteers. They contribute over 6,500 man-hours to the charity over a typical year. Their contribution is indispensable to both the daily running and special events of the Friends and is most warmly appreciated. The Friends are a Society which is a registered charity (Number 2992301 and whose business is conducted and managed by ils Committee of Trustees. The charity is governed by rules adopted in 1950, as amended 20 June 1959, 27 June 1990 and 24 June 1992. A revised Constitution was approved and updated in 2021. We continued to work on the priorities outlined in our 5 year strategy. We appointed one new trustee. New trustees are given an induction when they start undertaking their responsibilities. The committee has the power lo appoint new trustees as vacancies arise and gives due regard to any specialist skills required at that lime. Page 4
Friends of Victoria Hospital Wimborne Trustees, Report (continued) Reference and admlnlstratlve detalls The charity's name is Friends of Victoria Hospital Wimborne. Its charity registration number is 299230. Ils office is al.. Victoria Hospital, Victoria Road. Wimbome, Dorset. BH21 1 ER One new trustee joined during the year. The Iruslees, names are listed without exptIOn below= Presidenl.. Dr David Pope Chairman.. Mrs Anne Salter Secretary.. Mrs Sue Saddler Treasurer.. Mrs Jennifer Leeder Dr Colin Davidson Dr David Dickson Mrs Melanie Fawcett (resigned Dember 20241 Mr Lee Hardy Mr Jeff Hart Mrs Sharon Powell Mr Nigel Taylor {resigned August 20241 Mrs Linda Hollingbery lappoinled October 20241 on the Car Park seheme has been completed, the Friends will focus on the next project which will be lo support improvements lo the Physiotherapy and Minor Injuries Unit. This is expected to cost in the region of £2.5m bul could result in being in excess of this figure. Our strategy identifies five aims 1. Capital Developments.. work with Dorsel Healthcare to enable upgrading of facilities whether with equipment, refurtiishment or acquisition of land. 2. Workforce support.. build on co-operative ventures. helping staff and nurturing strong relationships 3. Volunteering.. actively seek additional trustees with the skill sets needed lo support the work of the Friends. 4. Partnership working.. liaise more closely with Dorsel Healthcare, bul also with the Primary Care Network, other Friends bodies and health organisalions within the Integrated Care System. 5. Finance and Risk." keep probity arrangements strong,. more informal meetings for Iruslees. The annual report was approved by the Iruslees of tha p.hArity on 2.9...Q.?...KS and si9ned on its behalf by.. Mrs Anne Salter Trustee Page 5
Friends of Victoria Hospital Wimborne Statement of Trustees, Responsibilities The trustees are responsible for preparing the trustees, report and the financial statements in accordance with the United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. The law applicable lo charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the slate of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and then apply them consistently., observe the methods and principles in the Charities SORP., make judgements and eslimales that are reasonable and prudent., stale whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements,. and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy al any lime the financial position of the charity and enable them lo ensure that the financial slalemenls comply with the Charities Act 2011, the Charities {Accounts and Reports) Regulations 2008, and Ihe provisions of the constitution. The Iruslees are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Iruslees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable companvs website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. ApDroved by the trustees of the rharily on2.q: 07...Ig and Sl9nèd on it- bchglf by: Mrs Anne Salter Trustee Page fj
Friends of Victoria Hospital Wimborne Independent Auditor's Report to the Members of Friends of Victoria Hospital Wimborne Opinion We have audited the financial statements of Friends of Victoria Hospital Wimbome Ilhe 'charily'} for the year ended 31 March 2025, which comprise the Stslemenl of Financial Aclivilies, Balan Sheet, Cash Flow Stslemenl, and Notes lo the Financial Slalemenls, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is United Kingdom Accounting Standards, comprising Charities SORP FRS 102 'The Financial Reporting Stsndard applicable in the UK and Republic of Ireland. and applicable law (United Kingdom Generally A¢PIed Accounting Practi1. In our opinion the financial statements.. give a true and fair view of the stale of the charity's affairs as al 31 March 2025 and of ils incoming resources and application of resources, including ils income and expenditure, for the year then ended., have been property prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirements of the Charities Act 2011. Basls for oplnlon We conducted our audit in accordance with Intemalional Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on Ihe work we have performed, we have not identified any material uncertainties relating to events or conditions Ihal, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the original financial slalemenls were aulhorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Other infomiation The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and OLJr auditor's report thereon. Our opinion on the financial statements does not cover the other information and, except lo the exlenl otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Page 7
Friends of Victoria Hospital Wimborne Independent Auditor's Report to the Members of Friends of Victoria Hospital Wimborne (continued) In connection with our audit of the financial slatemenls, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misslalements, we are required to determine whether there is a material misstatement in the financial statements or a material misslatemenl of the other information. If, based on the work we have performed, we conclude that there is a material misslatemenl of this other information. we are required to report that fact. We have nothing lo report in this regard. Matters on which we are rgquirgd to report by exception In the light of our knowledge and understanding of the charity and ils environment obtained in the course of the audit, we have not identified material misslatemenls in the Trustees, Report. We have nothing lo report in respect of the following matters where the Charities (Accounts an Report) Regulations 2008 requires us lo report to you if, in our opinion.. adequate accounting records have not been kept, or retums adequate for our audit have not been received from branches not visited by us., or the financial slalemenls are not in agreement with the accounting records and returns,. or certain disclosures of trustees remuneration specified by law are not made., or we have not received all the infomalion and explanations we qUIre for our audit. Responsibilities of trustees As explained more fully in the Statement of Trustees, Responsibilities Isel out on page 61, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for SLJch internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due lo fraud or error. In preparing the financial slatemenls. the Iruslees are responsible for assessing the charity's ability lo continue as a going concern, disclosing, as applicable, matters related lo going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative bul lo do so. Auditor Responsibilitigs for the audit of thg financial statgmgnts Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due lo fraud or error, and lo issue an auditor's report that includes our opinion. Reasonable assuran is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detecl a material misslatemenl when il exists. Misslalements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected lo influence the economic decisions of users taken on the basis of Ihese financial slalemenls. A further description of our responsibilities is available on the Financial Reporting Council's website al.. www.frc.org.uklauditorsresponsibilities. This description forms part of our auditor's report. Page 8
Friends of Victoria Hospital Wimborne Independent Auditor's Report to the Members of Friends of Victoria Hospital Wimborne (continued) Irregularities, including fraud, are instanTrs of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to dete¢l material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of delecling irregularities, including fraud is detailed below.. As part of our audit planning we obtained an understanding of the legal and regulatory framework that is applicable lo the Friends of Victoria Hospital charity. We gained an understanding of the Friends of Victoria Hospital charity and the sector in which the charity operates as part of this assessment lo identify the key laws and regulations affecting the charity. As part of this, we reviewed the charity s website for an indication of any regulations in place and discussed these with the relevant individuals responsible for compliance. The key regulations we identified were charity legislation, employment law and breaches of The General Data Protection Regulation I"GDPR"}. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Charities Act 2011 and Charities SORP - FRS 102. Vve discussed with management how the compliance with these laws and regulations is monitored and discussed policies and procedures in place. We also identified the individuals who have responsibility for ensuring that the Charity complies with laws and regulations and deals with reporting any issues if they arise. As part of our planning produre$, we assessed the risk of any non-compliance with laws and regulations on the Charity's ability lo continue trading and the risk of material misslalemenl lo the accounts. Based on this understsnding we designed our audit procedures to identify non-compliance with such laws and regulations. Our procedures involved the following.. Enquiries of management and trustees regarding their knowledge of any non-compliance with laws and regulations that could affect the financial statements. As part of these enquiries we also discussed with management whether there have been any known Instan$, allegations or suspicions of fraud. Reviewed filings with the Charity Commission and whether there were any serious incident reports made during the year. Review of the GDPR policy and enquiries to management as lo the occurrence of any reportable breaches. Reviewed legal and professional costs to identify any possible non-compliance or legal costs in respect of non-compliance. Reviewed Board minutes. Audited the risk of management override of controls, including through lesling joumal entries and other adjustments for appropriateness. Reviewed estimates and judgements made in the accounts for any indication of bias. Reviewed legacies documentation lo ensure all accrued income was not materially misstated. Page 9
Friends of Victoria Hospital Wimborne Independent Auditor's Report to the Members of Friends of Victoria Hospital Wimborne (continued) Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading lo a material misstatement in the financial stslemenls. The risk of not detecting a material misstalemenl due lo fraLJd is higher than the risk of not delecling one resulting from error, as fraud may involve deliberate omissions, collusion, forgery, misrepresentations, or the override of internal controls. We are also less likely to become aware of instances of non-compliance with laws and regulations that are not closely related lo events and transactions reflected in the financial statements. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uklauditorsresponsibililies. This description fom)s part of our auditor's report. Use of our report This report is made solely lo the charity trustees, as a body, in accordance with section 144 of the Charities Act 2011 and regulations made under section 154 of that Act. Our work has been undertaken so that we might slate lo the Iruslees those matters we are required to slate lo Iruslees in an auditors. report and for no olher purpose. To the fullest exlenl permilled by law, we do not accept or assume responsibility lo anyone other than the charity and ils trustees as a body, for our audit work, for this report, or for the opinions we have formed. Cla LLP. (Senior Slalutory Audilorl Francis Clark LLP, Statutory Auditor Towngale House 2-8 Parkslone Road Poole Dorsel BH15 2PW Date.. 20 August 2025 Francis Clark LLP is eligible for appointment as auditor of the charity by virtue of ils eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006. P8ge 10
Friends of Victoria Hospital Wimborne Statement of Financial Activities Year Ended 31 March 2025 (Including Income and Expenditure Account) Unrestricted funds Total 2025 Total 2024 Notg Incomg and Endowments from: Donations and legacies Other trading activities Investment income 62,722 67,461 178,161 62,722 67,461 178,161 113,736 65,520 224,904 Total Income 308,344 308,344 404,160 Expenditure on: Raising funds Charitable adivities 13,6421 126,066 13,6421 126,066 12.3441 1,765.746 Total Expenditure Gainsllosses on investment assets 129,708 1761 129,708 1761 1,768,090 Other recognised gains and losses Net movement in funds 178,560 178,560 11,363,930) Rgconciliation of funds Total funds brought forward 4,398,762 4,398,762 5,762,692 Total funds carried forward 16 4,577,322 4,577,322 4,398,762 Al of the charity's activities derive from continuing operations during the above two periods. The notes on pages 14 to 22 form an integral part of these financial statements. P8ge11
Friends of Victoria Hospital Wimborne Balance Sheet 31 March 2025 2025 2024 Note Current assets Stocks Debtors Investments Cash at bank and in hand 1,125 29,812 7,379 4,581,518 132 79,213 7,455 4,439,459 12 13 4,619,834 4,526,259 Creditors- Amounts falling due within one year Net assets 14 142,5121 4,577,322 1127,4971 4,398,762 Funds ofthe charity: Unrestrictgd income funds Unrestrirted funds 4,577,322 4,398,762 Total funds 16 4,577,322 4,398,762 The flnanci81 slalèmenls on pages 11 10 22 wer9 approve¢J by the trusteg$. and aulhorisèd for iSSLbg on .Jk...*..2Si and 8ign•d on their behalf by.. Mrs Anne Salter Trustee The notes on pages 14 to 22 form an integral part of these financial statements. P8ge 12
Friends of Victoria Hospital Wimborne Cash Flow Statement Year Ended 31 March 2025 2025 2024 Note Cash flows from operatlng actlvltles Net cash incomellexpendilure} 178,560 11,363,930) Adjustments to cash flows from non<ash items Investment income (Profily loss on disposal of investments {178.1611 76 1224,9041 475 11,588,834) Working capital adjustments Ilncrease}Idecrease in stocks Decrease in debtors Decrease in creditors 19931 49,401 84,985 95 1,240,631 201,334 12 14 Net cash flows from operating activities 36,102 549,442 Cash flows from investing activities Interest receivable and similar income PLJrchase of investments 178,161 224,904 145 Net cash flows from investing activities 178,161 224,759 Net increaselldecrease} in cash and cash equivalents 142,059 1324,6831 4,764,142 Cash and cash equivalents at 1 April 4,439,459 Cash and cash equivalents at 31 March 4,581,518 4,439,459 Al of the cash flows are derived from continuing operations during the above two periods. The notes on pages 14 to 22 form an integral part of these financial statements. P8ge 13
Friends of Victoria Hospital Wimborne Notes to the Financial Statements Year Ended 31 March 2025 1 Aceounting policies Statement of compliance The financial slalemenls have been prepared in accordan with Accounting and Reporting by Charities.. Stslemenl of Recommended Practice applicable lo charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 2019) - (Charities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. Basis of preparation Friends of Victoria Hospital is a registered charity, registration number 299230, registered in the United Kingdom. The nature of the charills operations and principal activities are described in the Trustees, annual report. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are prepared in sterling which is the functional currency of the charity and rounded lo the nearest £. The significant accounting policies applied in the preparation of these financial statements are sel out below. These policies have been consislenlly applied to all years unless otherwise slated. Income and endowments Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has enlillemenl lo the income, it is probable that the income will be received and the amount can be measured with sufficient reliability- Donations and legacies Donations and legacies are recognised on a CeIvable basis when receipt is probable and the amount can be reliably measured. Investment income Interest on cash deposits is recognised on a receivable basis. Income on listed investments and unitised funds is recognised when the underfwng security is quoled as ex-dividend. Expenditurg Al expenditure is recognised once there is a legal or conslruclive obligation to that expenditure, il is probable settlement is required and the amount can be measured reliably. All Costs are allocated lo the applicable expenditure heading Ihal aggregale similar costs lo that category. Where costs cannot be directly altribuled lo particular headings they have been allocated on a basis consislenl with the use of resources, wilh central staff costs allocated on the basis of lime spent, and depreciation charges allocaled on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. P8ge 14
Friends of Victoria Hospital Wimborne Notes to the Financial Statements Year Ended 31 March 2025 (continued) Raising fiinds These are Costs incurred in attracting volLJntary income, the management of investments and those incurred in trading activities that raise funds. Charltable actlvltles Charitsble expenditure comprises those costs incurred by the Charity in the delivery of ils activities and services for ils beneficiaries. It includes both costs that can be allocated directly lo such activities and those costs of an indirect nature necessary to support them. Grant provisions Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable. Governance costs These include the costs allributable lo the chariws Complian with constitutional and slalutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses. Taxation The charity is considered lo pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore il meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempl from taxation in respect of income or capital gains reiVed within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively lo charitable purposes. Current asset investments Current asset investments are included al the lower of cost and nel realisable value I market value. Stock Stock is valued al the lower of cost and estimated selling price less costs lo complete and sell, after due regard for obsolete and slow moving stocks. Cost is determined using the first-in, firsl-out (FIFO} method. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject lo an insignificant risk of change in value. Fund structure Unrestricted income funds are general funds that are available for use al the tnjstees, discretion in furtherance of the objectives of the Charity. P8ge 15
Friends of Victoria Hospital Wimborne Notes to the Financial Statements Year Ended 31 March 2025 (continued) Pensions and other post retirement obligations Contributions lo defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for seNices, the excess is recongnised as a prepayment. Going concern The financial statements have been prepared on a going conrn basis. In the opinion of the trustees the charity has sufficient working capital to continue lo meet ils financial obligations and pay ils liabilities as they fall due for the foreseeable future and therefore the financial statements have been prepared on a going concern basis. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from aulhorising these financial slatemenls. The budgeted income and expenditure is sufficient with the level of reserves held. 2 Income from donations and legacies Unrestricted Total 2025 Total 2024 General Donations and legacies Donations from individuals Legacies Gift aid reclaimed 29,021 24,133 9,568 29,021 24,133 9,568 6,756 100,571 6,409 62,722 62,722 113,736 3 Income from other trading activities Unrestrlcted Total 2025 Total 2024 General Trading income Shop income from sale of donated goods and services Membership subscriptions 59,483 7,978 59,483 7,978 53,367 12,153 67,461 67,461 65,520 P8ge 16
Friends of Victoria Hospital Wimborne Notes to the Financial Statements Year Ended 31 March 2025 (continued) 4 Investment income Unrestricted Total 2025 Total 2024 General Interest receivable and similar income Interest receivable on bank deposits 178,161 178,161 224,904 5 Ngt incomingloutgoing resources Net incominglloulgoingl resources for the year include.. 2025 2024 The audit of the charity's annual accounts 10,575 9,625 6 Expenditure on raising funds a) Costs of trading activities Unrestricted funds General Total 2025 Total 2024 Note Fundraising trading costs- Fundraising 3,642 3,642 2,344 3,642 3,642 2,344 P8ge 17
Friends of Victoria Hospital Wimborne Notes to the Financial Statements Year Ended 31 March 2025 (continued) 7 Expenditure on charitable activities Charitable activities expenditure Total 2025 Total 2024 Fundraising trading.. cost of goods sold Costs of hospital improvements and equipment Education and training budget Staff Costs Sundry and other costs Charitable donations Governance costs (see note below) Bank charges 21,421 51,172 1,505 30,829 9,074 49,860 108,495 27,847 24,920 1,541,180 9,625 3,819 1,765,746 10,575 1,490 126,066 8 Anatysis of governance costs Governanee costs Unrestricted funds Total 2025 Total 2024 General Audit of the financial $18temenls 10,575 10,575 9,625 9,625 10,575 10,575 P8ge 18
Friends of Victoria Hospital Wimborne Notes to the Financial Statements Year Ended 31 March 2025 (continued) 9 Staff costs The aggregate payroll costs were as follows.. 2025 2024 staff costs during the year were: Wages and salaries Social security costs Pension costs 28,112 1,542 1,175 25,589 1,210 1,048 30,829 27,847 The monthly average number of persons (including senior management I leadership leaml employed by the charity during the year was as follows.. 2025 No 2024 No Charity shop No employee received emoluments of more than £60,000 during the year 10 Trustees remuneration and expenses No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. During the year the charity made the following transactions with trustees.. Mrs Anne Salter £272 {2024.. £Nill of expenses were reimbursed to Mrs Anne Salter during the year. MrJeff Hart £151 {2024.. £2741 of expenses were reimbursed lo Mr Jeff Hart during the year. Dr David Pope £5012024.. £301 of expenses were reimbursed to Dr David Pope during the year. Mr Nigel Taylor £Nil12024.. £3401 of expenses were reimbursed to Mr Nigel Taylor during the year. Mrs Sug Saddler £712024". £Nill of expenses were reimbursed lo Mrs Sue Saddler during the year. Mrs Jenny Leeder £5012024.. £Nill of expenses were reimbursed to Mrs Jenny Leeder during the year. No trustees have received any other benefits from the charity during the year. P8ge 19
Friends of Victoria Hospital Wimborne Notes to the Financial Statements Year Ended 31 March 2025 (continued) 11 Stock 2025 2024 Stocks 1,125 132 12 D9btors 2025 2024 Accrued income Prepayments and other debtors 14,860 14,952 70,313 8,900 29,812 79,213 13 Current assgt invg$tm9nts Listed other shares Total Cost or valuation Al 1 April 2024 Revaluation 7,455 {761 7,379 7,455 Al 31 March 2025 7,455 14 Creditors: amounts falling due within one year 2025 2024 Other taxation and social security Other creditors Accruals 450 538 41,524 127,497 42,512 127,497 15 Commitments Other financial commitments At the year end the charity had annual commitments under non-cancellable operating leases in respect of land and buildings. The total amount of other financial commitments not provided in the financial slalemenls was £14,000 12024- £28,000). P8ge 20
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Friends of Victoria Hospital Wimborne Notes to the Financial Statements Year Ended 31 March 2025 (continued) 17 Related party transactions There were no related party transactions in the year. P8ge 22