REGISTERED CHARITY NUMBER: 299250
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR BEDFORD HOSPITAL CHARITY AND FRIENDS
BEDFORD HOSPITAL CHARITY AND FRIENDS
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
| Page | |
|---|---|
| Trustees, Officers and Committee members | 1 |
| Administrative details | 2 |
| Report of the Trustees | 3 to 5 |
| Report of the Independent Examiner | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9-14 |
BEDFORD HOSPITAL CHARITY AND FRIENDS
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
CHARITY NUMBER: 299250
TRUSTEES
Ismail Anilmis DL Jacqui Goulding Deborah Inskip OBE DL Timothy Morley Helen Nellis CStJ CVO Dr Robert Oakley OBE DL Simon Sadler TD DL Dr Vaughan Southgate OBE DL Ken Williams
OFFICERS OF THE CHARITY AT 31 MARCH 2023
PRESIDENT: Charles Whitbread DL CHAIRMAN: Deborah Inskip OBE DL VICE CHAIRMAN: Dr Robert Oakley OBE DL TREASURER: Simon Sadler TD DL SECRETARY: Jacqui Goulding
MEMBERS OF THE EXECUTIVE COMMITTEE AT 31 MARCH 2024
Ismail Anilmis DL Mandy Brookes Charlotte Beard Jeanne Chrisp Chris Cottam Penny Flack Jacqui Goulding Sandip Hindocha Paul Hutchinson Deborah Inskip OBE DL Peter Marks Dr Robert Oakley OBE DL Caroline Roberts Simon Sadler TD DL Felicity Scott Molly Taylor MBE Jenny Williams
1
BEDFORD HOSPITAL CHARITY AND FRIENDS
ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2024
PRINCIPAL ADDRESS: Orchard House High Street Flitton Bedfordshire MK45 5DU
| INDEPENDENT EXAMINER: | Matthew Taylor FCA |
|---|---|
| 14 Woodcote Valley Road | |
| Purley | |
| Surrey | |
| CR8 3AG | |
| PRINCIPAL BANKERS: | Barclays Bank plc |
| Bedford Branch | |
| 111 High Street | |
| Bedford | |
| MK40 1NJ |
2
BEDFORD HOSPITAL CHARITY AND FRIENDS
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
The Trustees present their report with the financial statements of the Charity for the year ended 31 March 2024. The financial statements comply with the Charity’s constitution, the Charities Act 2011 and the provisions of the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective I January 2015) - Charities SORP (FRS 102).
As will be obvious from the report much has been achieved by the charity in the last year.
Trustees
Mrs Helen Nellis CVO CStJ, Mr Tim Morley and Mr Ken Williams remain non-executive Trustees. It is with great pleasure that we welcome Mr Ismail Anilmis as an additional non-executive Trustee.
The Executive Trustees, in essence the leadership team of the Bedford Hospital Charity and Friends (BHC&F) are very effectively led by Mrs Debbie Inskip OBE DL (Chairman), ably supported by Dr Rob Oakley OBE DL (Vice-Chairman), a former radiology consultant at Bedford Hospital, Mr Simon Sadler TD DL as Treasurer and Mrs Jacqui Goulding as Secretary. All members of the Executive Committee have been carrying out their duties to a high standard and their work has been of enormous benefit to the BHC&F.
During the year, Mrs Judy Greevy resigned after many years’ service on the Executive Committee, for which we are most grateful. We welcomed Miss Charlotte Beard, Mr Paul Hutchinson, editor of Bedford Independent, and Mrs Caroline Roberts as new members of the Executive Committee.
Sadly Mrs Dorothy Ward OBE DL, a former Vice-President, passed away on May 1[st.]
Constitution, Objects and Policies
The Charity is constituted as a charitable trust. The Charity is managed by an unpaid Executive Committee, which includes four of the Trustees. The day to day activities of the Charity are organised through the executive committee and the subcommittees, which involve both the Trustees and other committee members. The Charity is a public benefit entity.
The objects and policies of the Charity comprise:
-
The relief of sickness within the area of benefit;
-
The improvement and maintenance of facilities for patients and staff at the Bedford Hospital sites within the Bedfordshire Hospitals NHS Foundation Trust and all other hospital premises in the National Health Service within the area of benefit; and
-
The area of benefit shall be that served by the Bedfordshire Hospitals NHS Foundation Trust.
Our Achievements and Performance
Operations using robotic-assisted surgery commenced in April: the official opening of the Robotic-assisted surgery took place in in October after 100 operations had occurred. All those who attended could understand very clearly what is involved, and even had the opportunity of practicing being a surgeon, although I might add not on real bodies. However, it was fascinating to meet the patient who was the first to undergo robotic surgery at Bedford Hospital in April, and to meet another patient who underwent robotic–assisted pyeloplasty in June. Both patients were very grateful to the surgeons, nurses and charity for its contribution in bringing robotic surgery to Bedford.
There are many advantages of using robotic surgery, benefiting both patients and staff. Patients will have minimal invasive surgery resulting in a reduced hospital stay and recovery time with less pain, and consequent improved clinical outcomes. Importantly robotic surgery will support a more ergonomic approach to surgery, reducing stress on surgeons’ bodies. Interestingly there has been an increase in responses to job advertisements and training placements with reference to the robotic-assisted surgery programme.
Thanks go to Mr Chris Cottam for organising the runners who take part in the London marathon on behalf of BHC&F.
3
BEDFORD HOSPITAL CHARITY AND FRIENDS
REPORT OF THE TRUSTEES - CONTINUED FOR THE YEAR ENDED 31 MARCH 2024
Mrs Molly Taylor and Mrs Felicity Scott man the Tuesday stall at Bedford Hospital each week; in addition to raising funds the stall also advertises the charity. Thanks also go Connie De Piro, an outstanding crocheter, who demonstrates her craft at the stall and attracts orders for new works in addition to the sale of prepared items. Molly’s successful book, Rhymes and Reasons , was reprinted.
A farewell luncheon was held at the Swan, Astwood in May to thank Mr Gordon Beeden for his major contribution to the work of BHC&F.
A coronation golf day was organized by the Donnelly brothers in early May.
Mrs Amanda Brookes painted a beautiful portrait of Brian Woodrow to be hung at a future date in the Primrose Unit. Furthermore, the Queen’s Award for Drivers, awarded in 2016 and now beautifully framed by Mr John Greengrass will also be placed in the Primrose Unit at the same time.
Mrs Amanda Brookes and her team from the Executive Committee hired the basement of the Bunyan Church for an ‘Art for All’ exhibition for five days in early October for a sale of Art. Many paintings were donated by local artists, others were donated by friends of the charity, and some were sold on a commission basis. Mrs Felicity Scott was present throughout the five days helping and selling the charity Christmas Cards. The exhibition commenced with a splendid evening of a private viewing with drinks and canapés.
The Christmas Tree Festival in St Paul’s Church, Bedford, with the theme of ‘Kings and Queens’ was once again superbly organised by Mrs Margaret Oakley and her team from December 6[th] – 10[th] . The Christmas Trees were decorated by different schools and organisations, and different choirs sang carols and other festive fare on each day of the Festival. There was a ‘Fizz at the Festival’ evening in the church to thank all of the sponsors. The High Sheriff of Bedfordshire, Mr Russell Beard, held a reception, with a jazz group, in the church on December 7[th] attracting many supportive and business people. Mrs Penny Flack organised a splendid concert given by The Woburn Piano Trio, including members of the worldclass Philharmonia Orchestra, on Dec 8th in St Paul’s Church; this was well attended and much enjoyed.
A ceremony took place in March of the planting of a memorial tree, Acer platanoides, and plaque , for Dr Mira Leigh.
In the past legacies have proved to be a very valuable source of income for the Charity. A new beautifully designed and illustrated pamphlet by Mr Ken Williams has been produced giving details of the past and importantly the future of the charity, and how financial contributions make a difference to the local community. The pamphlets are now being distributed to various solicitors’ offices and undertakers in the region.
The Primrose Car Service, managed by Mr Ken Williams, Mr Peter Marks and Ms Delphi Ellis continued to provide an excellent service transporting patients to and from radiotherapy. However, some problems continued to be experienced, primarily communication difficulties with the East of England Ambulance Service (EEAS) which has moved from Bedford to Peterborough: there have been changes of staff which has not helped the situation. Two new cars, Toyota Corollas, fortunately at a 25% discount, were delivered and a third car is to be delivered. Looking ahead, we are most grateful to the Panacea Society who have kindly agreed to fund the purchase of three new cars over a period of three years.
The Trustees Have an ‘open door’ with the Cranfield Trust to ensure relevant governance systems are in place for BHC&F. Now the treasurer reports the current financial situation at the monthly meetings of the Executive Committee. The Cranfield Trust has emphasized the importance of succession planning, and some changes in personnel have taken place in the Executive Committee, and changes in the Trustees are anticipated in the following year.
Excellent communication exists between staff of the Bedford Hospital and the Trustees which is vitally important in identifying projects which BHC&F can either fully or partially fund In consultation with the authorities in the hospital. The Trustees agreed to provide half the cost of providing a fast cardiac CT scanner.
BCH&F is always most grateful for gifts, legacies and support from other Charitable Trusts.
It is a pleasure to thank our Patron, The Duchess of Bedford DL, our President Mr Charles Whitbread DL, and all our VicePresidents and Honorary members.
4
BEDFORD HOSPITAL CHARITY AND FRIENDS
REPORT OF THE TRUSTEES - CONTINUED FOR THE YEAR ENDED 31 MARCH 2024
Related Parties
Bedford Hospital Charity and Friends works closely with and provides most of its charitable expenditure to our main beneficiary, the Bedfordshire Hospitals NHS Foundation Trust.
Risk Management
The Trustees actively review the major risks which the Charity faces on a regular basis and believe that maintaining reserves at current levels, combined with an annual review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks faced by the Charity and confirm that they have established systems to mitigate the significant risks.
Investment Policy
The Trustees consider that deposit accounts are the most appropriate vehicle for investing funds as they meet the requirements to maintain access and generate income. Where surplus cash is placed on deposit the Trustees consider that the accounts used for this purpose must ensure the best returns relative to retaining access to the funds.
Reserves Policy
It is the policy of the Charity to maintain unrestricted funds at a level which at least equates to approximately twelve months’ unrestricted expenditure to cover management, administration and governance costs, namely £5,000. Since unrestricted funds were maintained well in excess of this level throughout the year, no unrestricted funds have been designated.
Statement of Trustees’ Responsibilities
Law applicable to Charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the Charity’s financial activities during the year and of its financial position at the end of the year. In preparing those financial statements the Trustees are required to: -
-
select suitable accounting policies and apply them consistently;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements; and
-
prepare the financial statements on a going concern basis unless it is inappropriate to presume that the Charity will continue in operation.
The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and which enable them to ascertain the financial position of the Charity and which enable them to ensure that the financial statements comply with The Charities Act 2011, applicable regulations and the Charity’s Trust Deed. They 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.
Approval
This report was approved by the Trustees on 25th November 2024 and signed on their behalf by:
Dr Vaughan Southgate OBE DL – Trustee
5
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
BEDFORD HOSPITAL CHARITY AND FRIENDS FOR THE YEAR ENDED 31 MARCH 2024
I report to the Trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 March 2024.
As the Charity's Trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
The Charity’s gross income exceeded £1,003,691 in the prior year and amounted to £1,204,800 in the current year. I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants of England & Wales.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Matthew Taylor FCA 14 Woodcote Valley Road Purley Surrey CR8 3AG
6
BEDFORD HOSPITAL CHARITY AND FRIENDS
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| Funds | Funds | Funds | Funds | ||
| Notes | £ | £ | £ | £ | |
| INCOMING RESOURCES | |||||
| Income from donations & legacies | 2 | 1,058,805 | 23,627 | 1,082,432 | 938,616 |
| Income from charitable activities | 3 | 110,530 | 0 | 110,530 | 58,613 |
| Income from other trading activities | 4 | 9,432 | 0 | 9,432 | 4,907 |
| Investment income | 5 | 2,406 | 0 | 2,406 | 1,555 |
| _ | _ | _ | _ | ||
| Total incoming resources | 1,181,173 | 23,627 | 1,204,800 | 1,003,691 | |
| RESOURCES EXPENDED | |||||
| Costs of generating funds | |||||
| Expenditure on raising funds | 6 | 25,931 | 0 | 25,931 | 15,339 |
| Charitable activities | |||||
| Charitable distributions | 7 | 1,040,763 | 72,796 | 1,113,559 | 1,245,464 |
| Governance costs | 8 | 4,014 | 0 | 4,014 | 2,807 |
| _ | _ | _ | _ | ||
| Total resources expended | 1,070,708 | 72,796 | 1,143,504 | 1,263,610 | |
| _ | _ | _ | _ | ||
| NET INCOMING/(OUTGOING) RESOURCES | 110,465 | (49,169) | 61,296 | (259,919) | |
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 368,608 | 22,506 | 391,114 | 651,033 | |
| _ | _ | _ | _ | ||
| TOTAL FUNDS CARRIED FORWARD | 479,073 _ |
(26,663) _ |
452,410 _ |
391,114 _ |
The notes form part of these financial statements
7
BEDFORD HOSPITAL CHARITY AND FRIENDS
BALANCE SHEET AT 31 MARCH 2024
| 2024 Total Notes funds £ CURRENT ASSETS Debtors 12 0 Cash at bank and in transit 1,052,410 _ 1,052,410 CREDITORS Amounts falling due within one year 13 600,000 _ TOTAL ASSETS LESS CURRENT LIABILITIES 452,410 _ NET ASSETS 452,410 _ FUNDS 14 Unrestricted funds 479,073 Restricted funds (26,663) _ TOTAL FUNDS 452,410 _ |
2023 Total funds £ 8,075 383,039 _ 391,114 0 _ 391,114 _ 391,114 _ 368,608 22,506 _ 391,114 _ |
|---|---|
The financial statements were approved by the Trustees on 25[th] November 2024 and were signed on their behalf by:
Dr Vaughan Southgate OBE DL-Trustee
Simon Sadler TD DL–Trustee and Treasurer
The notes form part of these financial statements
8
BEDFORD HOSPITAL CHARITY AND FRIENDS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
1. ACCOUNTING POLICIES
Basis of preparation of the financial statements
The financial statements have been prepared in sterling which is the functional currency of the Charity and under the historical cost convention, with the exception of investments which are included at market value, where applicable. In preparing the financial statements the Charity follows best practice in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) – Charities SORP (FRS 102).
The Charity is a public benefit charity as defined under FRS 102.
Incoming resources
All incoming resources are recognised once the Charity has entitlement to the resources, it is probable that the resources will be received and the monetary value of incoming resources can be measured with reliability. The income from fundraising ventures is shown before deducting the associated costs, which are included in fundraising costs.
Legacies are accounted for as incoming resources either upon receipt or where the receipt of the legacy is virtually certain; this will be once confirmation has been received from the representatives of the estate(s) that payment of the legacy will be made or property transferred and once all conditions attached to the legacy have been fulfilled and the amount of the incoming resources can be measured with sufficient reliability.
Resources expended and irrecoverable VAT
Resources expended are recognised under the accruals basis and are classified under headings that aggregate all costs related to the category. All expenditure is recognised once there is a legal or constructive obligation committing the Charity to the expenditure. Value Added Tax is not generally recoverable by the Charity, and as such is included in the relevant costs in the Statement of Financial Activities. Grants offered subject to conditions which have not been met at the year-end date are noted as a commitment.
Cost of generating funds
The cost of generating funds are those costs attributable to generating income for the Charity, other than those costs incurred in undertaking charitable activities or the costs incurred in undertaking trading activities in furtherance of the Charity's objects. The cost of generating funds represents fundraising costs. Fundraising expenditure comprises costs incurred in inducing people and organisations to contribute financially to the Charity's work. This includes the cost of advertising for donations and the staging of special fundraising events.
Charitable activities
Costs of charitable activities comprise all costs incurred in the pursuit of the charitable objects of the Charity. These costs, where not wholly attributable, are apportioned between the categories of charitable expenditure in addition to the direct costs.
Governance costs
Governance costs comprise all costs attributable to ensuring the public accountability of the Charity and its compliance with regulation and good practice. It includes expenditure on the management and administration of the Charity and includes all expenditure not directly related to the charitable activities or fundraising ventures.
Funds structure
Where there is a legal restriction on the purpose to which a fund may be put, the fund is classified either as an endowment fund, where the donor has expressly provided that only the income of the fund may be applied, or as a restricted income fund where the donor has provided for the donation to be spent in furtherance of a specified charitable purpose. The Charity currently has neither permanent endowment nor expendable endowment funds.
9
BEDFORD HOSPITAL CHARITY AND FRIENDS
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2024
1. ACCOUNTING POLICIES – continued
Investment income
Investment income is derived from interest bearing cash deposits only, and arises wholly in the United Kingdom.
| 2. INCOME FROM DONATIONS AND LEGACIES 2024 £ Donations and gifts 874,258 Legacies 206,815 Grants 0 Membership subscriptions 1,359 _ 1,082,432 _ 3. INCOME FROM CHARITABLE ACTIVITIES 2024 £ Fundraising events 110,443 Collection boxes 87 _ 110,530 _ 4. INCOME FROM OTHER TRADING ACTIVITIES 2024 £ Hospital stall 8,296 Other 1,136 _ 9,432 _ 5. INVESTMENT INCOME 2024 £ Interest receivable on cash deposits 2,406 _ 6. EXPENDITURE ON RAISING FUNDS 2024 £ Event expenses 23,043 Cost of publicity 216 Materials and goods for resale 2,672 _ 25,931 _ |
2023 £ 135,979 712,019 89,100 1,518 _ 938,616 _ |
2023 £ 135,979 712,019 89,100 1,518 _ 938,616 _ |
2023 £ 135,979 712,019 89,100 1,518 _ 938,616 _ |
|---|---|---|---|
| 2023 £ 58,350 263 __ 58,613 ____ |
|||
| 2023 £ 3,276 1,631 _ 4,907 2023 £ 1,555 __ 2023 £ 13,701 216 1,422 __ 15,339 ____ |
2023 £ 3,276 1,631 _ 4,907 ___ |
||
| 2023 £ 1,555 _____ |
10
BEDFORD HOSPITAL CHARITY AND FRIENDS
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2024
7. CHARITABLE DISTRIBUTIONS
The Charity made the following donations to the Bedfordshire Hospitals NHS Foundation Trust during the year: the amounts paid in respect of Primrose and the BBTY included items purchased by the Charity and then donated.
8.
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Robotics | 0 | 900,000 |
| Cardiology CT scanner | 600,000 | 0 |
| Primrose | 72,796 | 24,420 |
| Billisoft blankets | 0 | 0 |
| The Bedford Big Thank You (“BBTY”) | 3,510 | 10,976 |
| Riverbank ward | 0 | 21,004 |
| Project Listen | 11,000 | 22,000 |
| A&E including paediatric | 415,576 | 262,253 |
| Project Blossom | 0 | 1,760 |
| Other | 10,677 | 3,051 |
| _ | ______ | |
| 1,113,559 | 1,245,464 | |
| _ | ______ | |
| GOVERNANCE COSTS | ||
| 2024 | 2023 | |
| £ | £ | |
| AGM administration & sundry governance | 134 | 51 |
| Printing, postage and stationery | 1,680 | 730 |
| Insurance | 645 | 627 |
| Bank charges | 522 | 423 |
| Licences | 842 | 404 |
| Sundry | 191 | 572 |
| _ | _____ | |
| 4.014 _ |
2,807 _____ |
9. TRUSTEES’ REMUNERATION AND BENEFITS
There were no Trustees' remuneration, other benefits or expenses in the year ended 31 March 2024 nor for the year ended 31 March 2023.
10. INDEPENDENT EXAMINER’S REMUNERATION
No remuneration was paid or is payable to the Independent Examiner.
11
BEDFORD HOSPITAL CHARITY AND FRIENDS
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
11. RESTRICTED FUNDS
| RESTRICTED FUNDS | |||||
|---|---|---|---|---|---|
| Transfer | |||||
| Balance at | from | Balance at | |||
| 01 April | General | 31 March | |||
| 2023 | Incoming | funds | Outgoing | 2024 | |
| £ | £ | £ | £ | £ | |
| Primrose & Primrose Cars | 22,506 ______ |
23,627 _____ |
0 _ |
72,796 _ |
(26,663) _ |
The Primrose Appeal was originally started in January 2000 to provide a top-quality cancer treatment unit at Bedford Hospital, the building of which was completed and opened in 2003. Since then, income received has been applied to the Primrose Fund to improve and develop cancer services at Bedford Hospital and to support the transport service run by the charity to Addenbrooke’s hospital in Cambridge for patients receiving radiotherapy.
RESTRICTED FUNDS - PRIOR YEAR
| Transfer | |||||
|---|---|---|---|---|---|
| Balance at | from | Balance at | |||
| 01 April | General | 31 March | |||
| 2022 | Incoming | funds | Outgoing | 2023 | |
| £ | £ | £ | £ | £ | |
| Primrose & Primrose Cars | 37,825, ______ |
9,101 _____ |
0 _ |
24,420 _ |
22,506 _ |
12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other debtors CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors |
2024 £ 0 _ 2024 £ 600,000 _____ |
2023 £ 8,075 _ 2023 £ 0 ___ |
|---|---|---|
13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
12
BEDFORD HOSPITAL CHARITY AND FRIENDS
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2024
14. MOVEMENT IN FUNDS
| MOVEMENT IN FUNDS | |||
|---|---|---|---|
| Balance at | Net | Balance at | |
| 01 April | movement in | 31 March | |
| 2023 | funds | 2024 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 368,608 | 110,465 | 479,073 |
| Restricted funds | |||
| General fund | 22,506 | (49,169) | (26,663) |
| _ | _ | _ | |
| TOTAL FUNDS | 391,114 | 61,296 | 452,410 |
| _ | _ | _ | |
| Net movement in funds, included in the above, are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 1,181,173 | 1,070,708 | 110,465 |
| Restricted funds | |||
| General fund | 23,627 | 72,796 | (49,169) |
| _ | _ | _ | |
| TOTAL FUNDS | 1,204,800 | 1,143,504 | 61,296 |
| _ | _ | _ | |
| MOVEMENT IN FUNDS - PRIOR YEAR | |||
| Balance at | Net | Balance at | |
| 01 April | movement in | 31 March | |
| 2022 | funds | 2023 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 613,208 | (244,600) | 368,608 |
| Restricted funds | |||
| General fund | 37,825 | (15,319) | 22,506 |
| _ | _ | _ | |
| TOTAL FUNDS | 651,033 | (259,919) | 391,114 |
| _ | _ | _ | |
| Net movement in funds, included in the above, are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 994,590 | 1,239,190 | (244,600) |
| Restricted funds | |||
| General fund | 9,101 | 24,420 | (15,319) |
| _ | _ | _ | |
| TOTAL FUNDS | 1,003,691 _ |
1,263,610 _ |
(259,919) _ |
13
BEDFORD HOSPITAL CHARITY AND FRIENDS
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| INCOMING RESOURCES | ||
| Voluntary income | ||
| Donations and gifts | 874,258 | 135,979 |
| Grants | 0 | 89,100 |
| Legacies | 206,815 | 712,019 |
| Membership subscriptions | 1,359 | 1,518 |
| __ | _ | |
| 1,082,432 | 938,616 | |
| Activities from charitable activities | ||
| Fundraising events | 110,530 | 58,613 |
| Investment income | ||
| Interest receivable on cash deposits | 2,406 | 1,555 |
| Incoming resources from other trading activities | ||
| Hospital stall and other miscellaneous | 9,432 | 4,907 |
| _ | _ | |
| Total incoming resources | 1,204,800 | 1,003,691 |
| RESOURCES EXPENDED | ||
| Costs of generating voluntary income | ||
| Event expenses | 23,043 | 13,701 |
| Cost of publicity | 216 | 216 |
| _ | _ | |
| 23,259 | 13,917 | |
| Fundraising trading: cost of goods sold and other costs | ||
| Materials and goods for re-sale | 2,672 | 1,420 |
| Charitable activities | ||
| Distributions | 1,113,559 | 1,245,464 |
| Governance costs | ||
| AGM administration | 134 | 51 |
| Printing, postage and stationery | 1,680 | 730 |
| Insurance | 645 | 627 |
| Bank charges | 522 | 423 |
| Licences | 842 | 404 |
| Sundry | 191 | 572 |
| _ | _ | |
| 4,014 | 2,807 | |
| Total resources expended | 1,143,504 | 1,263,610 |
| _ | _ | |
| Net income | 61,296 _ |
(259,919) _ |
14