## **THE PILGRIM HEART AND LUNG FUND Charity Registration Number 702268** **STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023** **DEXTER & SHARPE Chartered Certified Accountants** **THE PILGRIM HEART AND LUNG FUND** ## **Officers and Advisors** |**Trustees:**|Members of the Management Committee| |---|---| |**Management Committee**|| |**_President:_**|C R Nyman| |**_Chair:_**|Ms R Thomas| |**_Vice Chair:_**|Dr J Skopal| |**_Secretary:_**|Mrs P Hayes| |**_Treasurer:_**|J R Atterby| |**_Other Trustees:_**|Mr C Rudge| |**_Other Members;_**|Mrs T Minnican, Ms S Rudge,| ||Dr S Dhar, Ms A Venn-Gallacher, Ms E Simpson,| ||Ms J Horniblow, Ms E Spence, Ms R Pickering| |**Bankers:**|National Westminster Bank Plc| ||124 High Street| ||Lincoln| |**Solicitors:**|Sills & Betteridge| ||5 Main Ridge West| ||Boston| ||Lincs| ||PE21 6QQ| |**Independent Examiner:**|Nicola Lenton FCCA| ||Dexter & Sharpe| ||Chartered Certified Accountants| ||The Old Vicarage| ||Church Close| ||Boston| ||Lincs| ||PE21 6NA| -1- ## **THE PILGRIM HEART AND LUNG FUND** ## **Committee of Management Report For the Year Ended 31 December 2023** The Pilgrim Heart and Lung Fund (PH&LF) Pilgrim Hospital, Sibsey Road, Boston, Lincs PE21 9QS is registered with the Charity Commissioners (No 702268) and constituted by Deed of Trust. The charity is administered by the Management Committee, which is listed on the previous page. ## **Objects, Organisation and Activities** The objectives of the PH&LF are to, assist in the provision of cardio-respiratory equipment within the Pilgrim Hospital, assist relevant Pilgrim Hospital staff by helping to fund training courses and by assisting with the provision of cardio-respiratory support in the community. Funds are raised in a variety of manners: donations, gifts in memory of deceased, bequests and fundraising events. Departments within the Trust request financial support towards the purchase of equipment, training costs for staff, etc which the Trust has insufficient funds to provide. Each request is considered on its merits, the criteria being deemed need and maximum potential benefit to patients. The charity is run by the committee of management who meet every 2 months to make decisions regarding fundraising and grants. There are no paid employees. ## **Finances** Income totalled £203,952 during the year (2022 £108,668). This increase was due to an increased income from “Gifts in Memoriam” including an addition to the bequest received in the previous year of a further £200,000 received. After payment of grants and expenses, there was a net surplus which amounted to £156,804 (2022 net surplus £93,846). At the year end, cash reserves amounted to £424,186 (2022 £267,382) representing the total unrestricted funds of the charity. As at 31 December 2023 the Charity has an outstanding commitment to purchase equipment at a cost of £5,086. ## **Review of Year and Future Developments** During the year the charity spent £46,565 in pursuit of its objectives and on running costs. Of this £45,165 was to provide sundry equipment within the Pilgrim Hospital and £1,400 was a contribution towards the staff training costs. To enable the charity to operate £423 was spent on insurance and £160 to support fund raising. There was no other administrative expenditure. The Committee continue to:- - i) review the ULHT areas in which help can be provided to support improvements/additions to cardiac and respiratory service provision - ii) consider requests from staff within cardiac and respiratory service areas for funding for training iii) undertake discussions with organisations with regard to the provision of support within the community The Committee continue to review the overall management of the Charity and are currently looking at appointing new Trustees. It is intended that any new Trustees will come from either former patients or the general community. ## **Statement of Trustees' Responsibilities** The trustees are required under the Charities Act 2011 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 (unless the charity is entitled to prepare accounts on the alternative receipts and payments basis). In preparing those financial statements giving a true and fair view, the trustees should follow best practice and: - - - select suitable accounting policies and then 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; -2- ## **THE PILGRIM HEART AND LUNG FUND Committee of Management Report Continued For the Year ended 31 December 2023** - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper 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 applicable law and regulations. 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. ## **Reserves and Risk Policy** The charity has little in the way of operating expenditure that would exist if there were no income. Its reserves are therefore maintained at a notional £500 to cover any incidentals that would occur should income cease. At the year end total free reserves amounted to £424,186. The surplus over necessary reserves is due to the building up of funds in anticipation of making future planned donations. The trustees have considered the risks to which the charity is exposed and have procedures in place to mitigate such risks. This report was approved by the trustees and Management Committee on 14[th] May 2024 and signed on its behalf. RACHEL THOMAS **– Chair** -3- ## **THE PILGRIM HEART AND LUNG FUND Registered Charity No 702268** ## **INDEPENDENT EXAMINER’S REPORT TO THE MEMBERS OF THE HEART AND LUNG FUND** I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 December 2023, which are set out on pages 5 to 7. ## **Responsibilities and basis of report** As the charity trustees of the Trust, 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 the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** 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: - accounting records were not kept in accordance with section 130 of the Act or - the accounts do not accord with such records - 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. NICOLA LENTON FCCA **Independent Examiner** **Dexter & Sharpe Chartered Certified Accountants The Old Vicarage Church Close Boston Lincolnshire PE21 6NA** **16[th] May 2024** -4- ## **THE PILGRIM HEART AND LUNG FUND** ## **Receipts & Payments Account For the Year Ended 31 December 2023** |||**2023**|**2023**||2022|| |---|---|---|---|---|---|---| |||**Unrestricted**|||Unrestricted|| |**Note**||**Fund**|||Fund|| ||||**£**|**£**|£|£| ||**INCOMING RESOURCES**|||||| ||**Incoming Resources from**|||||| ||**Generated Funds**|||||| ||Donations||**176**||1,114|| ||Gifts in Memoriam|**200,186**|||106,158|| |||||**200,362**||107,272| |**2**|**Fund Raising Activities**|||**1,797**||1,214| ||**Investment Income**|||||| ||UK Bank Interest|||**1,793**||182| ||**TOTAL INCOMING RESOURCES**|||**203,952**||108,668| ||**RESOURCES EXPENDED**|||||| ||**Direct Charitable Expenditure**|||||| ||Equipment Purchased|**45,165**|||11,506|| ||Pilgrim Staff Training Courses|**1,400**|||_2,735|| |||**46,565**|||14,241|| ||**Cost of Generating Funds**|||||| ||Fund Raising Costs||**123**||177|| ||Administration||**37**||**-**|| ||Insurance||**423**||404|| ||||**583**||581|| ||**TOTAL RESOURCES EXPENDED**|||**47,148**||14,822| ||**NET INCOMING RESOURCES**|||||| ||**Being**|||||| ||**NET MOVEMENT IN FUNDS FOR THE YEAR**|||**156,804**||93,846| ||**Unrestricted Fund Balance at 1 January 2023**|||**267,382**||173,536| ||**Total Unrestricted Funds at 31 December 2023**|||**424,186**||267,382| -5- ## **THE PILGRIM HEART AND LUNG FUND** ## **Statement of Assets and Liabilities At 31 December 2023** |**MONETARY ASSETS**
**Bank Balances at 31 December 2023**
National Westminster Bank –
Current Account
Charity Reserve Account

**TOTAL ASSETS & UNRESTRICTED FUNDS**|**2023**
**£**
**138,568**
**285,618**
**424,186**|2022
£
183,557
83,825
267,382| |---|---|---| There were no other assets or liabilities at the year end other than those shown in the statement above. These financial statements were approved by the Trustees and Management Committee on 14[th] May 2024 and signed on its behalf. ## RACHEL THOMAS **Chair** -6- ## **THE PILGRIM HEART AND LUNG FUND** ## **Notes to the Accounts for the Year Ended 31 December 2023** ## **1. ACCOUNTING POLICIES** ## **Income** Voluntary income and donations are accounted for as received by the charity. The income from fundraising ventures is shown gross, with the associated costs included in fundraising costs. No permanent endowments have been received in the period. ## **Value Added Tax** Value added tax is not recoverable by the charity, and as such is included in the relevant costs in the Statement of Financial Activities. ## **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. ## **2. FUNDRAISING INCOME** |

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Christmas Fayre
|**2023**
**£**
**56**
**1,741**

**1,797**|2022
£
34
1,180| |---|---|---| |||1,214| -7-