Charity Registration No. 700336 Company Registration No. 02213003 (England and Wales) TARPORLEY WAR MEMORIAL HOSPITAL TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
TARPORLEY WAR MEMORIAL HOSPITAL TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees A Chittenden C Stein C Josephs R Roberts H Harding (Appointed 19 October 2023) (Appointed 19 October 2023) (Appointed 1 August 20241 L O'Neill H Picken Charity number 700336 Company number 02213003 Registered office 14 Park Road Tarporley Cheshire CW6 OAP Independent examiner McLinlocks INW} Limited 2 Hilliards Court Chester Business Park Chester Cheshire CH4 9QP Bankers National Weslminsler Bank 36 High Street Nanlwich CW5 5GA Investment advisors James Brearley & Sons Limited Walpole House Unit 2 Burton Road Blackpool FY4 4NW
TARPORLEY WAR MEMORIAL HOSPITAL TRUST CONTENTS Page Trustees, report Independent examinels report Statement of financial activities 10 Balance sheel Notes lo the financial slalemenls 13-25
TARPORLEY WAR MEMORIAL HOSPITAL TRUST TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The Truslees. who are also Direclors of Tarporley War Memorial Hospital Trust I'The Trust, or 'lhe Charity'l for the purposes of the Companies Act 2006, present their annual report and financial slalemenls for the year ended 31 March 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the rin2n¢ial slalemenls and comply with the Charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" (effective 1 January 20191. During the year under review, the Charity was focused on cementing ils new operating model and articulating its broader ambition lo benefit the health and wellbeing of the local community. al every stage of life. To achieve our charitable aims, we now work in partnership with others and offer funding support to enhance health and social care services, going above and beyond what the NHS provides. We have recently amended ourArticles ofAsg)cialion lo better reflect this and continue lo engage with our stakeholders to understand their views on local health and wellbeing priorities and ways in which we can add value. As our strategic partner on sile since April 2022, the Countess of Chester Hospital NHS Foundation Trust {"CoCH"I is responsible for developing clinical setvices at the Tarporley facility, working with other local healthcare providers to offer a broad range of oulpalient services. The hospital also serves as a rural hub for healthcare teams providing patient care within the community. Improving access to services in this way increases patient choice and supports the national vision for the health and social care system.. providing care that is closer lo home and embedded within communities. Vision. Mission and Values During the year 2023-24. while Ihe Charity sought permission to amend ils Articles of Association, Trustees also iefiected on the vision, mission and value statements that would underpin ils revised charitable objects, namely.. The advancement of health The relief of Ih05e in need by reason of age, ill health or disability OUR VISION - A community in which everyone has access lo the health and social care services and support they need. OUR MISSION To benefit the health and wellbeing of the local community. We fund enhancements lo SeICeS provided at TWMH or within the wider community, going above and beyond what the NHS provides. OUR VALUES Health & wellbeing we are passionate about supporting the physical and mental health and wellbeing of our community. Community- is important to us. We want lo make a real difference and offer the help and support people need, al the hospital premises, al home or elsewhere. We are happy to work in partnership with others lo achieve our aims. Caring we care about what we do. We believe we can make a difference lo those who need health and wellbeing care and support. Openness and transparency- we want to understand how best we can help people who might need us.. we are proactive and present in the community and value feedback and engagement.
TARPORLEY WAR MEMORIAL HOSPITAL TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Objectives and activlties During the reporting year. Trustees also reset the Charity's strategic objectives lo ensure these were aligned with ils new operating model and revised purpose.. a. To create a culture which enables our staff and stakeholders to thrive During 2023124, the Trust updated ils fundraising and communications strategies in line with ils new operating model as a landlord and granl-making charity. Staff and stakeholders were closely involved in this process through a series of internal workshops and regular engagement with local charities, community groups and businesses. We have encouraged feedback and listened actively, which has been key to shaping our future direction and determining our priorities. We also recognise the power of collaboration and information sharing and have aclively sought new partners to help us achieve our goals. We are now much clearer about our new role and how we can add value through our strategic partnerships, which continue lo grow in number and scope. b. To engage openly and effectively with our community partners Throughout the year. the Tnjst's dedicated Community Engagement Officer continued lo build strong connections with a host of other charities, community groups and local businesses. This provided valuable insight in terms of local needs and potential gaps in provision. Following an extended period of reflection in the previous year lo consider the Charity's future direction, our focus shifted during 2023124 10 identifying projects or services that could benefit directly from OL¥r support or grant funding. At the same time, we continued lo work closely with COCH as our strategic partner on sile. helping to raise awareness of service developments and sharing ideas and opportunities. In June 2023 we hosted a joint open evening at the hospital, which was very well attended, lo showcase the updated facilities and gather further feedback. Similarly, we held our Annual General Meeting IAGMI in November 2023 with our COCH colleagues providing an update on their plans for Tarporley Hospital and listening lo local views. During the AGM. the community spoke of a lack of day care facilities for the elderly, which had formed part of the Trusl's own offering before it ceased service provision in late 2021. In response lo this feedback, the Trust agreed lo work in partnership with Eternity Care Services Ltd to offer a new day care service at Tarporley Hospital. With COCH'S support. a twicfrweekly setvice was introduced in lale March 2024 and 15 being subsidised by the Charity. Partnering with other organisalions whose aims and objectives are aligned lo our own is now an integral part of our model, enabling us lo increase our reach and improve more aspects of health and wellbeing. Continuous dialogue with our slakehoSders is also key lo understanding where we can add most value. We are committed to working in this way to ensure the Charity's plans and funding decisions reflect local health and wellbeing needs and priorities. c. To enhance health and social care provision within our community We provide funding support lo enhance the experience and outcomes for Ihose accessing care or support in Tarporley and the surrounding communities, going above and beyond what the NHS provides. This is a fundamental principle thal guides Truslee5' decision making., the Charity will not provide funding to support the NHS where we believe Ihat funding should come from government. and we recognise the importance of this to our domrs and SUPPOrters loo. However, we will fund the development of facilities al the hospital to enable or improve rural service provision as well as communily-based health and social care iniliatives that enhance services.
TARPORLEY WAR MEMORIAL HOSPITAL TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 d. To consolidate our financial sustainability Having produced a small net surplus in the reporting period, Trustees remain confidenl that the Charity's partnership with COCH will go a long way towards achieving financial suslainabilily and safeguarding the Tarporley facility's long-lerm future. After reversing a longstanding trend of annual operating losses, the Charity is now on a sound financial footing and able lo consider increasing its spending on charitable activities. Indeed. immediately after the reporting period Ifrom April lo June 20241, the Trust invited applications for grant funding from local organisalions whose activities would help us advance our charitable aims. We have a duly lo report on our charity s public benefit under section four of the Charitie5 Act 2011. We are confident that we meet the benefit requirement, having taken Charity Commission guidance into consideration. We have carried out our charitable purpose for the public benefit by using funds lo support health and social care inilialives that benefit the health and wellbeing of the local community. Achievements and performance As reported above, the Trust had listened to community feedback and agreed in March 2024 to partner with a local provider, Elernily Care Services Ltd, lo offer a new day care service for the elderly at the Tarporley facility. The twice-weekly service began in late March 2024 and is being SLJbsidised by the Charity. The group offers companionship. reduces social isolation and helps individuals maintain their independence. 11 also provides valuable respile for carers and feedback from allendees and carers alike has been very positive. Throughout the year. the Trust worked closely with an existing partner, Purple Angels, lo raise awareness and support those living with dementia. In addition to providing some grant funding, the Trust has been actively involved in Purple Angel's music campaign, processing requests for free MP3 players with individuals, chosen music and collecting donated MP3 players through our local Vintage Charity Shop. We also started lo research other opportunities to support those with dementia, including plans lo work with local businesses to create "Dementia- Friendly Tarporley". In consullalion with the COCH, the Trust was also pleased lo fund the refurbishment of the Campbell room in summer 2023. creating a comfortable and welcoming space for counselling sessions. The room is dedicated lo the Campbell family in recognition of their support and commitment to the hospital facility and Charity over several generalions. As reported above, community engagement was our key focus during 2023124 as we talked lo our stakeholders about local needs and sought new partnership opportunities. We allended a number of local groups and networking events throughout the year to provide updates on service developments al Tarporley Hospital and to Lznvas views on the best ways for the Trust to add value. We also forged new links with other charities and voluntary organisations to explore ways in which we could work together lo benefit the local community. Since summer 2023, Tarporley's Community First Responders have been offering regular CPR and defibrillator training al the hospital, free of charge. Also in summer 2023, the Trust reached out lo the Cardiac Risk in the Young ICRY} charity and Trustees commilled to hosting and funding a weekend screening event al Tarporley Hospital in July 2024. In earty 2024, the Trust teamed up with the Deaf & Sensory Network IDSNI lo offer a tinnitus support group, which currently meets monthly at Tarporley Hospital. As the reporting year drew lo a close, the Trust had also partnered with The Port Men In Sheds scheme. which helps older men combat loneliness and isolation. The group was tasked with refurbishing some of our commemorative benches and will also be working with the neurolherapy team at Tarporley Hospital lo create a therapy planting and palio area for ils patients, which the Charity will fund. As reported in the previous year, COCH has now undertaken various improvement works to modernise the hospital facilities and enable a range of oulpalienl clinics. therapy teams and educational groups lo operate from the sile. We have worked closely with COCH colleagues to engage with the community and encourage discussion about future service developments and opportunities. This partnership and collaborative approach will remain a key priority for the Trust, as we aim not just lo safeguard Tarporley Hospital but to see il thriving with a growing number of services that will benefit the whole cofflmunily. at every stage of life.
TARPORLEY WAR MEMORIAL HOSPITAL TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Usage of the facililies is slowly improving, with some services operating on a daily or weekly basis and others less frequently. As we write. the following teams and oulpatienl services are currently operating al or from the premises.. Mu5culoskelelal IMSKI physiotherapy Obstetric & gynae physiolherapy Paedialric therapy (includes physiolherapyl Ultrasound District nurses. weekly clinics.. Podiatry Heart failure clinic Leg ulcer clinic Doppler clinic Neurolherapy services Neurolherapy Parkinson's session {slrenglh and balance} Parkinson's communication group Children's Starting Well clinic Health visitor open advice clinic Community midwife clinic Community paedialrics-ADHD and autism assessments Fatigue management group Diabetes essential education group Talking Iherapies Rapid Response team Hospital at Home team Cheshire & Merseyside AAA screening programme While the Charity was still building its understanding of local health and social care priorities in 2023124, Trustees fell il was appropriate for active fundraising to remain paused and so there were no charity-led fundraising events or campaigns during the year. Nonetheless, we were still fortunate to receive a number of donations and legacies. We also benefited from donations received from the Vintage Charity Shop in Tarporley. As well as fvndraising so succe55fully for us, the shop is a popular hub within the community which really helps us connect wrth our 5UPPOrters. share the Charity's news and galher valuable feedback. We are so grateful to everyone who chose lo support us with their donalions or by buying items and. of course. lo all the loyal volunteers who give their lime so generously to help run the shop.
TARPORLEY WAR MEMORIAL HOSPITAL TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Financial review The Trust produced a net surplus for the year ending 31 sl March 2024 of £60,092, compared with a 2023 deficit of £233,392. Income Having leased the premises lo COCH with effect from April 2022, and with fundraising aclivilies still limited. rent was the Charity's main source of income. Total rent for the period amounted lo £67,51812023.' £56,431 }. However. we continued lo benefit from the generosity of local supporters by way of donations and legacies. In the last year we received donations of £53,087 12023.. £68,401} and legacies lotalled £32,651, which was an increase on the previous yeaf (2023.. £18,500). Expendlture Costs decreased significantly lo £168,073 {2023'. £392,270). Staff costs amounted lo £55,080 for the year12023'. £46,440). The Charity made donations in the form of grant funding lotalling £18,124 (2023.. £132.9661. Thi5 decrease in expenditure reflects a period of reflection to finalise the Charity's revised objectives and grant making policy, and the significant contribution made lo COCH in the prior year lo enable improvements to the building and ils facililies. RESERVES AND INVESTMENTS Reserves policy Afler partnering with a larger NHS organisation lo provide clinical services al the premises and successfully mitigating our key risk of insolvency, the Board carried out an inlertm review of ils cash. investment and reserves policy in October 2022. At that lime, Trustees had set an interim level of £250k for the Charity's reserves (previously £665kl and a minimum of £30k in cash at hand (previously £140k). However, Trustees still deemed Ihose minimum levels to be relatively cautious and kept them under review, anticipating that further reductions may be possible in the future to oplimise spending on charitable aclivilies. Following further reflection and analysis, and as the Charity's new business model became more established, the Board conducted a full review of ils overall approach lo managing investments, including the minimum cash and reserve levels required lo cover future activities and variations in income. In May 2024, Trustees 4)proved and adopted new policy statements on cash and reserve levels. The minimum reseNes sum is now sel at £150k (lo cover closure costs and other unforeseen circumstances) and the Charity aims lo keep sufficient cash at hand lo cover the cash requirements of the current year's budget. Investment performance Investments are held al £573,24712023'. £532,206). Profil on disposal in the year amounted to £1,752. Risk management The Board regularly assesses risks and opportunities so that risks are mitigated, and opportunities are maximised. Having secured a new partnership and lease agreement with COCH in April 2022, Trustees remain confident that the previous, longstanding financial and operational risks faced by the Charity have been miligaled successfully. Vvilh responsibility for clinical provision and decision making on site having transferred to the lenanl, the Charity's affairs have become simplified and changed the scope of perceived risks. Trustees are now able lo focus on working with others and offering funding support to enhance the provision of health and social care services for the local community. Trustees will keep their overall approach lo risk under regular review lo ensure that people resources, systems and processes remain effective bul proportionate.
TARPORLEY WAR MEMORIAL HOSPITAL TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Future plans As we enter the third and final year of the original lease agreement between the Chartty and the COCH, our priority is lo seek early confirmation from the COCH that they intend lo renew the lease in order lo ensure conlinuily of NHS services provision. We expect this to be a positive outcome. With the current lease arrangements in place, Trustees expect that future operating income and expenditure will remain broadly balanced in future years. However. having recently updated the Charity's policy on investments and financial reserves as outlined above, Trustees are minded lo ulilise some of the Charity's existing reserves to fund projects or seNices Ihal will help us advance our charitable aims. To this end. the Board advertised £100k in available granl monies between April and June 2024 for organisalions whose objectives are aligned lo our own. Al the lime of wrilin9, Trustees have made six grant offers, with several other applications still pending, and anticipate that these funds will be allocated in full. Notwilhslanding the ongoing grant activity, the Board recognises that some unplanned operating sutpluses or losses may still occur. As in previous years, the Charity may benefit from unexpected legacies or. conversely, make in-year decisions to award additional grants lo other organisalions who can help us achieve our charitable aims and objectives. We have taken lime to reflect on the Charity's future direction, listened carefully to our stakeholders, and we are now excited lo be pulling ideas into action. As reflected in our Vision, Mission and Values, we are passionate about supporting the physical and mental health and wellbeing of our community and we want to understand how best we can help the people who need us. Our community engagemenl activities are key lo this and are ongoing. We are planning further research during 2024125 to gather local views on health and social care priorities and specific services Ihat the community would like us to support. As the initiatives that we have supported begin lo deliver benefits, and as we gather more information about other unmet needs. the Board will also consider plans lo resume more active and targeted fundraising activities in the lulure. This is likely lo be based on fundraising appeals, ensuring that our funding decisions always reflect the needs and priorities of the communities we serve, after seeking and listening lo feedback. Siructure, governance and management Governing document The Tarporley War Memorial Hospital Trust is a company limited by guarantee by ils Memorandum and Articles of Association incoiporaled on 22 January 1988 and amended by special resolution on 24 July 2024. 11 is a registered charity with the Charity Commission. dated 9 June 1988. Any person who is appointed as a Trustee will aulomalically, by virtue of that appointment. become a Member. No person other than a Trustee may be admilled as a Member. There are currently 7 Members, each of whom agrees to contribute £1 in the event of the Trust winding up. Legal and adminislralive information set out above forms part of this report. The financial slalements comply with currenl slalulory requirements, the Memorandum and Articles of Association and the Statement of Recommended Practice - Accounting and Reporting by Charities.
TARPORLEY WAR MEMORIAL HOSPITAL TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The Trustees. who are also the directors for the purpose of company law, and who served during the year and up lo the date of signature of the financial statements were= A Chiltenden C Stein C Josephs R Roberts H Harding L O'Neill H Picken M Morninglon C Lees-Jones Ms R C Wright (Appointed 19 October 20231 (Appointed 19 October 20231 (Appointed 1 August 20241 {Appointed 1 August 2023 and resigned 16 August 20231 {Resigned 16 November 2023) (Resigned 19 January 2024) How the Charity is managed The Board meets quarterly in person, with a focus on strategic planning and decision making, and also holds monthly online meetings in the inlervening months lo review progress on current activities. A register of outside interests is maintained and any Trustee with an actual or perceived conlficl of interest is excluded from decision making in any matter relating to that outside interest. The Board also maintains a skills matrix and when areas of business or development arise in which the majority of Trustees feel inexperienced to advise, exlernal expertise is either brought in temporarily or we seek to appoint an additional Trustee wilh the relevant skills, knowledge and experience. During 2023124. we advertised locally for new Trustees with complementary knowledge and skills to help the Charity further develop ils new business model as a granl-making charity and landlord. A new Trustee was initially appointed in August 2023 (who subsequently resigned) and Iwo additional Truslees were then appointed in October 2023. Shortly after the reporting period, Trustees advertised a further vacancy and went on lo make an appointment in August 2024. Recruitment and appointment of new trustees In accordance with ils new Articles of Association (amended by special resolution on 24th July 2024), the Charity has between three and twelve Trustees and Trustees become Members by virtue of their appointment as Trustees. Trustees are appointed for terms of three years and those who have served their term must retire al the next Annual General Meeting IAGMI. However, Trustees who remain qualified may be reappointed for a maximum of three consecutive terms of office. subject to consent from al least 75 % of the other Tru51ees. Existing Trustees appoint other Trustees by proposing them in writing prior lo the AGM or through an interview and appoinlment process Conducled by more than one Trustee and ratified by the full Trust Board. Organisational structure Responsibility for the management of the Charity rests with the TWMH Board of Truslees. The Board continues lo delegate some of its assurance functions and responsibility for day-to-day management of the Charity's activities and landlord's office lo a small adminislralive team, which comprises two part-lime members of staff. The Board also employs a manager for The Vintage Charity Shop, which raises funds lo support the Trust's activities and retains a dedicated Community Engagement Officer to extend ils reach within the community and inform future plans. In addition, Tru51ees lake advice from a range of professional advisers as and when required, including from accountancy and legal advisers.
TARPORLEY WAR MEMORIAL HOSPITAL TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Inductlon and tralnlng of newtrustees New Trustees are briefed on their legal obligalions under charity and company law- Ihe content of the Articles of Associalion,. Ihe Charity's structure and decision-making process,. recent financial performance., and the latest busin8ss plan. The induction also includes meeling other Truslees and the Charity's administrative team. The trustees, report was approved by the Board of Truslees. The Trustees. report was approved by the Board of Trustees. H Harding Trustee Date: ..
TARPORLEY WAR MEMORIAL HOSPITAL TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TARPORLEY WAR MEMORIAL HOSPITAL TRUST I report to the Trustees on my examination of the financial slalements of Tarporley War Memorial Hospital Trust Ilhe Charity) for Ihe year ended 31 March 2024. Responsibilities and basis of report As the Trustees ol the Charity land also ils directors for the purposes of company lawl you are responsible for the preparation of Ihe financial slalements in accordance with the requirements of the Companies Act 20Qb {the 2006 Act). Having satisfied myself that the financial slalemenls of the Charity are not required lo be audit under Part 16 01 the 2006 Act and are eligible for independent examination. I report in respect of my examination of the Charity's financial statements carried out under section 145 of the Charities Act 2011 Ilhe 2011 Acll. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llb} of the 2011 Act. Independènt examiner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act.. or the financial slalemenls do not accord wilh those records., or Ihe financial slalemenls do not comply with the accounting fequirernenls of section 396 of the 2006 Act other than any requirement that the accounts give a ttije and fair view which is not a matter considered as part of an independent examination., or the financial statements have not been prepared in accordance wilh the methods and principles of the Stalemenl ol Recommended Praclice for accounting and reporting by charities applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK arKI Republic of Ireland {FRS 1021. I have no concerns and have come across no other mallers in connection with the examination lo which attention should be drawn in this report in order lo enable a proper understanding of the financia5 statements lo be reached. Alastair Jeffcott BA FCA McLinlocks INW) Limited 2 Hilliards Court Chester Business Park Chester Cheshire CH4 9QP Dated..
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TARPORLEY WAR MEMORIAL HOSPITAL TRUST BALANCE SHEET ASAT31 MARCH 2024 2024 2023 Notes Fixed assets Tangible assets Investments 15 16 641.277 573,247 661,881 532,206 1,214,524 1,194,087 Current assets Stocks Debtors Cash at bank and in hand 17 18 350 16,094 107,220 4,280 134,386 138.666 123,664 Creditors". amounts falling due within one year 19 {20.329} 144,982) Net current assets 118.337 78,682 Total assets less current liabilities 1,332,861 1.272,769 Creditors.. amounts falling due after more than one year 20 1350,0001 1350.0001 Net assets excluding ponsion liability 982,861 922.769 Net assets 982,861 922,769 The funds of the Charity Endowment funds Unreslricled funds 22 50,387 932,474 47,225 875,544 982,861 922,769 The company is enlilled lo the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect lo accounting records and the preparation of financial statements. The members have not required the company lo obtain an audit of its financial statements for the year in question in accordance with section 476. These financial statements have been prepared in accordance with the provisions applicable lo companies subject lo the small companies regime. 11
TARPORLEY WAR MEMORIAL HOSPITAL TRUST BALANCE SHEET (CONTINUED) AS AT31 MARCH 2024 The financial statements were approved by the Trustees on 21 August 2024. H Harding Trustee Company registration number 02213003 (England and Wales) 12-
TARPORLEY WAR MEMORIAL HOSPITAL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Charity information Tarporley War Memorial Hospital Trust is a private company limited by guarantee incorporated in Eruland and Wales. The regislered office is Park Road, Tarporfey, Cheshire, CW6 OAP. 1.1 Accounting convention The financial slalemenls have been prepared in accordance with the Charily's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities.. Slalement ol Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Stanclard applicable in the UK and Republic of Ireland IFRS 102} leffeclive 1 January 20191" The Charity is a Public Benefit Enlily as defined by FRS 102. The Charily has taken advantage of the provisions in the SORP for charities applying FRS 102 Updale Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements are prepared in slerfing. which is the functional currency of the Charity. Monetary amounts in these financial slalemenls are rounded lo the nearest £. The financial slalemenls have been prepared under the historical cost convention, modified lo include the revaluation of investments at fair value. The principal accounting policies adopted are sel out below. 1.2 Going concern At the time of approving the financial slalemenls. the Trustees have a reasonable expectation that the Charity has adequate resources lo continue in operational existence for the foreseeable future. Thus the Trustees continue lo adopt the going concerri basis of accounting in preparing the financial slalements. 1.3 Charitable funds Unreslricled funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives. Reslricled funds are subjecl to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes lo the financial statements. Endowment funds. which arose from an undertaking by The Area Health Authority on the sale of land. represent those assets that must be held permanently by the Trust, principally investments. Income arising on the endowment funds can be used in accordance with Ihe objects of the Trust and is transferred lo be included in unreslricled income. Any capital gains or losses arising on the investments form part of the fund. Investment income and gains are allocated to the appropriate fund. 1.4 Income Income is recognised when the Charity is legally entitled lo il after any performance conditions have been met, the amounts can be measured reliably, and il is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation. unless performance conditions require deferral of the amount. Income lax recoverable in relation lo donations received under Gift Aid or deeds of covenant is recognised at the lime of the donation. Legacies are recognised on receipt or olhewi5e if the Charity has been notified of an impending dislribulion. Ihe amount is known, and receipl is expected. If the amount is not known. the legacy is Irealed as a conlingenl asset. Other income is government support packages in relation lo COVID-19. These are recognised when the Charity is legally entitled to the receipt of funds. 13-
TARPORLEY WAR MEMORIAL HOSPITAL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Continued) 1.5 Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation commilling the charity lo that expenditure. it is probable that a transfer of economic benefits will be required in selllement and Ihe amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related lo the category. Where costs cannot be directly allribuled lo particular headings they have been allocated lo activities on a basis consistent with the use of resources. Raising funds includes all expenditure incurred by the charity lo raise funds for ils charitable rurposes and includes costs of all fundraising activities, events and non-charilable trading. 1.6 Intangible fixed assets other than goodwill Amortisation is recognised so as lo write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Software 4 years on cost 1.7 Tangible fixed assets Individual assets costing £150 or more are capitalised al cost in the year including any incidental expenses of acquisition. Depreciation is recognised so as lo write off the cost or valuation of assets less their residual values over their useful lives ori the following bases.. Freehold land and buildings Leasehold improvements Fixtures and fillings 20/D straight line, land not depreciated 20/u straight line 20 /0 reducing balance The gain or loss arising on the disposal of an asset is determined as the difference belween the sale proceeds and the carrying value of the a5sel, and is recognised in the statement of financial aclivilies. 1.8 Fixed asset investments Fixed asset investments are initially measured al transaction price excluding Iransaclion costs. and are subsequently measured at fair value at each reporting dale. Transaction costs are expensed as incued. Changes in fair value are recognised in other recognised gains and losses except lo the extent that a gain reverses a loss previously recognised in nel income expenditure, or a loss exceeds the accumulated gains recognised in equity., such gains and loss are recognised in nel incomel{expenditure} for the year. 1.9 Stocks Stocks are stated at the lower of cost and eslimaled selling price less costs lo complete and sell. Cost comprises direct materials and. where applicable. direct labour c051s and those overheads that have been incurred in bringing the stocks lo their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of feplacemenl cosl and cost. Net realisable value is Ihe eslimaled selling price less all estimated costs of completion and costs lo be incurred in marketing. selling and distribution. 14-
TARPORLEY WAR MEMORIAL HOSPITAL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Continued) 1.10 Financial instrurnents The Charity has elected lo apply the provisions of Section 11 'Basic Financial Instruments. and Section 12 'Olher Financial Instruments Issues, of FRS 10210 all of its financial instruments. Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party lo the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial slalements, when there is a legally enforceable right to set off the recognised amounts and there is an intention lo settle on a net basis or to realise the asset and sellle the liability simultaneously. Basic flnancial assets Basic financial assets, which include debtors and cash and bank balances. are initially measured at Iransaclion price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement conslitules a financing transaction, where the transaction is measured at the present value of the future receipts discounted al a market rate of interest. Financial assets classified as receivable within one year are not amortised. Derecognition of financial assets Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are sellled, or when the Charity transfers the financial asset and substantially all the risks and rewards of ownership lo another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred lo another party that is able lo sell the assel in its entirely to an unrelated third party. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised al transaction price unless the arrangement constilules a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of inleresl. Financial liabilities classified as payable wilhin one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rale method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course ol operations from suppliers. Arnounls payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-currenl liabilities. Trade creditors are recognised initially at transaction price and subsequently measured al amortised cost using the effective interest method. Other financial liabllities As an exception lo the usual requirements for financing Iransaclions. as a public benefit enlily, concessionary loans provided lo the charity have been accounted for al the amount received adjusted for any impairment loss. This loan is disclosed in amounts falling due in greater than one year. Dere¢ognition of financial liabilities Financial liabilities are derecognised when the Charity's contractual obligations expire or are discharged or cancelled. 1.11 Taxation The charity is exempl from coiporation lax on ils charitable aclivilies. 15-
TARPORLEY WAR MEMORIAL HOSPITAL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Continued) 1.12 Employee benefits The cost of any unused holi(Jay enlillement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed lo terminate the ernployment of an employee or lo provide lerminalion benefits. 1.13 Retirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. 1.14 Volunteers and donated services and facilities The value of services provided by volunteers is not incorporated into these financial statements. Further details of the contribution made by volunteers can be found in the Irustees, annual report. Income from donations and legacie5 Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Donations and gifls Legacies receivable 53,087 32,651 53.087 32,651 68,401 18,500 30,300 98,701 18.500 85,738 85,738 86.901 30,300 117,201 Charitable activities Charitable Trust Charitable Trust 2024 2023 Other income - including meals. nursing and recoveries Charitable rental income Other income 384 56.431 18,535 67,518 15,950 83,468 75,350 16-
TARPORLEY WAR MEMORIAL HOSPITAL TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from investments Unrestricted Endowment funds funds 2024 2024 Total Unrestricted Endowment funds funds 2023 2023 Total 2024 2023 Income from listed investments Interest receivable 26,773 1,762 1,594 28,367 1,762 24.498 767 1.129 25,627 767 28,535 1,594 30,129 25,265 1,129 26,394 Raising funds Unrestricted Endowment funds funds goneral 2024 Total Unrestricted Endowment funds funds general 2023 Total 2024 2024 2023 2023 Fundraisin and ublicit Staging fundraising events Advertising 2,720 155 2,720 155 1,796 1.796 Fundraising and publicity Inv Iment mana ement 2,875 2,690 2,875 3,010 1,796 2,773 1,796 3,106 320 333 5,565 320 5,885 4.569 333 4,902 17-
TARPORLEY WAR MEMORIAL HOSPITAL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charitable activities Charitable Trust Charitable Trust 2023 2024 Staff costs Depreciation and impairment Maintenance Donations Waste disposal 56,548 20,603 5.057 18,124 73 46.440 27.124 6,094 132,966 8,079 100,405 220,703 Share of support costs (see note 7} Share of governance costs (see note 71 59.563 2.220 76,019 1,800 162,188 298,522 Analysis by fund Unrestricted funds Restricted funds 162.188 268.222 30,300 Support costs allocated to actlvities Fundraislng 2024 Total 2023 Amortisalion Services Otfice cosls Sundries Consultancy fees Bank charges Legal and professional fees Governance 2,310 19,459 21,841 826 10,347 410 17.568 5,058 22,987 7.462 1,058 13.990 501 10.949 4.836 61.783 77,819 2024 2023 Governance costs Comprise: Accountancy Independent examination fees 2,616 2,220 3,258 1,800 4,836 5,058 18-
TARPORLEY WAR MEMORIAL HOSPITAL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Net movement in funds 2024 2023 The nel movement in funds is stated after chargingllcredilingl.. Fees payable for the independent examination of the charity's financial statements Depreciation of owned tangible fixed assets Loss on disposal of tangible fixed assets Amortisation of intangible assets Loss on disposal of intangible assets 2,220 20,603 1.800 27.123 77,288 2,310 11.558 Trustee5 None of the Trustees lor any persons connected wilh them) received any remuneration, expenses nor benefits from the Charity during the current or prior year. 10 Employees The average monthly number of employees during the year was.. 2024 Number 2023 Number Administration Management Total Employment costs 2024 2023 Wages and salaries Other pension costs 55,080 1,468 46,929 (489} 56,548 46,440 There were no employees whose annual remuneration was more than £60,000. 11 Other Total Unrestricted fund5 2024 2023 Net loss on disposal of intangible fixed assets Net loss on disposal of tangible fixed assets 11,558 77,288 88.846 19
TARPORLEY WAR MEMORIAL HOSPITAL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 11 Other {Continued} 12 Net gainsl{losses) on investments Unrestricted Endowment funds funds general 2024 Total Unreslricled Endowment funds funds general 2023 Total 2024 2024 2023 2023 Revaluation of investments Gainllloss} on sale of investments 24,878 2,200 27,078 160,275) (1,963) (62,238) 2,064 {312) 1,752 2,928 {7571 2,171 26,942 1,888 28.830 {57.3471 12.7201 160,0671 13 Taxation The charity is exempl from taxation on its activities because all ils income is applied for charitable purposes. 14 Intangible fixed assets Soare Cost Al 1 April 2023 Disposals 3,360 {3,360) At 31 March 2024 Amortisation and impairment Al 1 April 2023 Disposals 3.360 13,3601 At 31 March 2024 Carrying amount At 31 March 2024 At 31 March 2023 -20-
TARPORLEYWAR MEMORIAL HOSPITAL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 15 Tangible fixed assets Freehold land Leasehold Fixtures and and buildings improvements fillings Total Cost At 1 April 2023 350,000 919,782 9.941 1,279,723 Al 31 March 2024 350,000 919.782 9,941 1.279,723 Depreciation and impaimient At 1 April 2023 Depreciation charged in the year 162.000 6,000 445.902 14,603 9,941 617,843 20,603 At 31 March 2024 168,000 460,505 9,941 638,446 Carrying amount At 31 March 2024 182,000 459,277 641.277 At 31 March 2023 188.000 473.881 661.881 Freehold land and buildings wilh a carrying amount of £350,00012023= £350,000) have been pledged against the concessionary loan held by the Charity. The Charity is not allowed lo pledge these assets as security for other borrowings or lo sell them to another entity. Included in cost or valuation of land and buildings is freehold land of £50.000 12023.. £50.000) which is not depreciated. 21
TARPORLEY WAR MEMORIAL HOSPITAL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 16 Fixed asset Investments Llsted investments Cash in portfolio Total Cost or valuation At 1 April 2023 Additions Valuation changes Realised profil on disposal Movement on cash Disposals 520,260 134,145 27,077 1,752 13,145 {129,089) 11.946 532,206 134,145 27,077 1,752 7,156 1129,0891 (5,9891 At 31 March 2024 567,290 5.957 573,247 Carrylng amount At 31 March 2024 567,290 5,957 573.247 At 31 March 2023 520,260 11,946 532,206 Fixed asset investments revalued The historical cost of listed investments at 31 March 2024 was £510,887 {2023-. £509.3161. 17 Stocks 2024 2023 Raw materials and consumables 350 18 Debtors 2024 2023 Amounts falling due within one year.. Trade debtors Other debtors Prepayments and accrued income 2,120 2,093 67 6,120 9.974 4,280 16,094 -22-
TARPORLEY WAR MEMORIAL HOSPITAL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 Creditors: amounts falling due within one year 2024 2023 Other taxation and social security Trade credilors Other credilors Accruals and deferred income 849 1,348 445 17,687 824 38,199 2,879 3,080 20,329 44,982 20 Creditors: amounts falling due after more than one year 2024 2023 Borrowings 350,000 350,000 Borrowings comprise a concessionary loan provided by the North Wesl Regional Health Aulhorily, issued in 2001, which is interest free and repayable after more than five years. Upon repayment. Ihe market value of the loan will be assessed and this will indicate Ihe amount repayable by the Charity. However, the likelihood of this situation occurring is deemed to be unlikely and thus no interest has been accrued alongside this liability. The loan is secured against the freehold property. 21 Retirement benefit schemes 2024 2023 Deflned contribution schemes Charge to profit or loss in respect of defined contribution schemes 1,468 14891 The Charity operates a defined contribution pension scheme for all qualifying employees. The assets of Ihe scheme are held separately from those of the Charity in an independently administered fund. 22 Endowment funds Endowment funds represent assets which musl be held permanently by the Charity. Income arising on the endowment funds can be used in accordance with the objects of the Charity and is included as unreslricled income. Any capital gains or losses arising on the assets form part of the fund. At 1 April 2023 Incoming resources Resources expended Gains and At 31 March losses 2024 Permanent endowments Health Authority Endowment Fund 47.225 1,594 1320) 1,888 50,387 23-
TARPORLEY WAR MEMORIAL HOSPITAL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 22 Endowment funds {Continuedl Prevlous year: At 1 April 2022 Incoming resources Resources expended Gains and At 31 March losses 2023 Permanent endowments Health Authority Endowment Fund 49,149 1.129 {3331 {2,720} 47,225 Health Aulhority Endowment Fund Funds are held to generate income for charitable purposes and cannot itself be spent. 23 Restricted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. Previous year: At 1 April 2022 Incoming resources Resources At 31 March expended 2023 Portal Gof Club 30.300 130,300} The sum of £30.300 was received from the Portal Golf Club in connection with the therapy rooms refurbishment. Of the sum of money received £0 is carried forward. 24 Unrestricted funds The unreslricled funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as lo how they may be used. These include designated funds which have been set aside out of unreslricled funds by the trustees for specific purposes. At 1 April 2023 Incomlng resources Resources expended Gains and At 31 March losses 2024 General funds 875.544 197,741 1167,7531 26,942 932.474 Previous year.. At 1 April 2022 Incoming resources Resource5 expended Gains and At 31 March losses 2023 General funds 1,107.012 187,516 1361,637) (57,3471 875,544 -24-
TARPORLEY WAR MEMORIAL HOSPITAL TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 25 Analysls of net assets between funds Unrestricted Endowment fund5 funds 2024 2024 Total Unreslricled Endowment funds funds 2023 2023 Total 2024 2023 Fund balances al 31 March 2024 are represented by.. Tangible assets Investments Current asselsllliabililies) Long term liabilities 641,277 522,858 118,337 (350,0001 641,277 661,881 573.247 484,981 118,337 78.682 {350,000} 1350,000) 661,881 532,206 78,682 {350,000} 50,389 47,225 932.472 50,389 982.861 875.544 47,225 922.769 26 Operating lease commitments Lessee At the reporting end date the Charity had ou151anding commitments for fulure minimum lease payments under non-cancellable operating leases, which fall due as follows.. 2024 2023 Within one year Between two and five years 309 598 309 309 907 27 Related party transactions It is inevitable that transactions will lake place with trustees and organisalions in which a Iiustee may have an interest. All such transactions are conducted in the ordinary course of business and are at arms length. Trustees and their related enterprises made donations to the charity tolalling £17,000 {2023'. £43,000). 25-