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The Friends of Guy’s Hospital Annual Report 2002
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|
O Shaheen MS, FRCS |
January 2003 |
Chairman
Guy’s Hospital,
St. Thomas Street,
London SE1 9RT
Accounts
The following pages are taken from the accounts audited by W H Payne and Company of 199 Southwark Bridge Road, London, SE1 OHA, a copy of which is available for inspection upon request to the secretary., and which are also available on the Friends web site
Income and Expenditure Account for the Year ended 30th September 2002
|
|
Restricted Funds 2002 |
Unrestricted Funds 2002 |
Total Funds 2002 |
Total Funds 2001 |
|
Incoming Resources |
|
|
|
|
|
Subscriptions and donations |
42,000 |
57,410 |
99,410 |
51,649 |
|
Legacies |
|
17,250 |
17,250 |
40,000 |
|
Activities for generating funds |
|
|
|
|
|
- Hire of galleria |
|
17,330 |
17,330 |
16,925 |
|
- Other Income |
|
500 |
500 |
1,542 |
|
- Fete/ Raffle income |
|
3,038 |
3,038 |
4,002 |
|
- Christmas and other stalls |
|
2,509 |
2,509 |
2,348 |
|
Investment Income & interest |
|
19,831 |
19.831 |
27,599 |
|
|
---------- |
---------- |
---------- |
---------- |
|
Total incoming resources |
42,000 |
117,868 |
159,868 |
144,065 |
|
Less costs of generating funds |
|
(1,602) |
(1,602) |
(1,208) |
|
|
---------- |
---------- |
---------- |
---------- |
|
Net incoming resources available for charitable applications |
42,000 |
116,266 |
158,266 |
142,857 |
|
|
---------- |
---------- |
---------- |
---------- |
|
Charitable expenditure |
|
|
|
|
|
- Grants and donations payable |
42,000 |
221,479 |
263,479 |
32,645 |
|
- Support Costs |
|
28,837 |
28,837 |
27,906 |
|
- Management and admin. |
|
10,584 |
10,584 |
10,562 |
|
|
────── |
────── |
───── |
───── |
|
Total charitable expenditure |
42,000 |
260,900 |
302,900 |
71,113 |
|
|
────── |
────── |
───── |
───── |
|
Total Resources expended |
42,000 |
262,502 |
304,502 |
72,321 |
|
Net incoming / (outgoing) resources before revaluations |
- |
(144,634) |
(144,634) |
71,744 |
|
|
Restricted Funds 2002 |
Unrestricted Funds 2002 |
Total Funds 2002 |
Total Funds 2001 |
|
|
Other recognised gains/losses |
|
|
|
|
|
|
- unrealised gain on investment |
|
3,415 |
3,415 |
4,509 |
|
|
|
---------- |
---------- |
---------- |
---------- |
|
|
Net movement in funds |
|
|
|
|
|
|
Total funds brought forward |
|
(141,219) |
(141,219) |
76,253 |
|
|
|
---------- |
---------- |
---------- |
---------- |
|
|
Total funds brought forward |
|
561,193 |
561,193 |
484,940 |
|
|
|
---------- |
---------- |
---------- |
---------- |
|
|
Total funds carried forward |
£- |
£419,974 |
£419,974 |
£561,193 |
|
|
|
======= |
======= |
======= |
======= |
|
Continuing activities
All income and expenditure is derived from continuing activities
Total recognised gains and losses
The Charity has no recognised surpluses other than as detailed above.
Related party transactions
Lord Harris of Peckham, the Charity’s President has indicated that he will make donations to the Charity over a period of three years to cover half the cost of two medical grants made in the year. The grants, totalling £249,500 were included in grant commitments at the year end.
In the current year donations totalling £42,000 were received from Lord Harris. No asset has been recorded for the future donations due which will be recorded in the financial statements when received.
During the year the Charity received a donation of £15,000 from The Friends of Guy’s Trading Company Limited.
A grant of £5,000 which the Charity made to The Friends of Guy’s Trading Company Limited in the year ended 30th September 2000 was refunded to the Charity in the current year.
Prior period adjustment
The accounting policy in respect of grants payable has been changed to reflect the requirements of the Statement of Recommended Practice “Accounting by Charities”.
Grants payable are charged in the year when the offer is conveyed to the recipient. Grants offers remain payable for one year after the date of the offer. If grants are not paid in full within that period any undrawn amounts are credited to the Statement of Financial Activities.
The adoption of this policy requires a prior period adjustment to be made to recognise grant commitments outstanding at the start of the financial year which were not included in grants payable under the old accounting policy.
The effect of the change in accounting policy on grants has been to reduce grants payable in the year ended 30th September 2001 by £31,392.
Balance Sheet as at 30th September 2002
Fixed Assets |
2002
|
2001 |
|
Tangible Assets |
1,346 |
1,215 |
|
Investment |
2 |
2 |
|
|
––––––– |
––––––– |
|
|
1,348 |
1,217 |
|
Current Assets |
|
|
|
Investments |
163,521 |
160,106 |
|
Debtors |
17,017 |
10,738 |
|
Cash on deposit |
463,759 |
450,197 |
|
Cash at bank and in hand |
54,370 |
499 |
|
|
––––––– |
––––––– |
|
|
698,667 |
621,540 |
|
Creditors: amounts falling due within one year |
(280,041) |
(61,564) |
|
|
––––––– |
––––––– |
|
Net current assets |
418,626 |
559,976 |
|
|
––––––– |
––––––– |
|
Net assets |
£419,974 |
£561,193 |
|
|
======= |
======= |
|
Reserves |
|
|
|
Represented by:- Unrestricted funds |
£419,974 |
£561,193 |
|
|
======= |
======= |
Statement of Total Recognised Gains & Losses |
2002 |
2001 (restated)
|
|
Total recognised gains and losses |
£(141,219) |
£76,253 |
|
|
––––––– |
––––––– |
|
Prior period adjustment (see preceding note) |
£31,392 |
|
|
|
––––––– |
|
|
Total gains and losses recognised since the last annual report |
£(109,827) |
|
|
|
======= |
|
Approved by the committee on 21st January 2003
O.H. Shaheen MS, FRCS - Chairman
J.R. Simpson - Treasurer
Non charitable trading activities - net income
The Charity has a wholly owned subsidiary, The Friends of Guy’s Trading Company Limited, which is incorporated in the UK. The company runs a shop in the grounds of Guy’s Hospital selling flowers and gifts. A summary of the company’s trading results and the balance sheet are shown below.
|
Profit and loss account |
2002 |
2001 |
|
|
|
|
|
Turnover |
54,895 |
45,857 |
|
Cost of sales |
(23,542) |
(27,469) |
|
|
––––––– |
––––––– |
|
Gross profit |
31,352 |
18,388 |
|
Grants received |
|
- |
|
Administrative expenses |
(15,932) |
(13,149) |
|
Donation to The Friends of Guy’s Hospital |
(15,000) |
(10,000) |
|
Exceptional Items |
|
|
|
- Refurbishment grant repaid |
(5,000) |
|
|
- Reversal of refurbishment accrual |
4,965 |
|
|
|
––––––– |
––––––– |
|
Profit on ordinary activities before taxation |
385 |
(4,761) |
|
Corporation tax |
(28) |
804 |
|
|
––––––– |
––––––– |
|
Retained in subsidiary |
357 |
(3,957) |
|
Retained profit at the beginning of the year |
3,128 |
7,085 |
|
|
––––––– |
––––––– |
|
Retained profit at the end of the year |
£3,485 |
£3,128 |
|
|
======= |
======= |
|
Balance Sheet |
2002 |
2001 |
|
|
|
|
|
Fixed Assets |
- |
231 |
|
|
––––––– |
––––––– |
|
Current Assets |
|
|
|
Stocks |
8,000 |
9,500 |
|
Debtors |
1,259 |
1,208 |
|
Cash in hand and at bank |
12,399 |
9,717 |
|
|
––––––– |
––––––– |
|
|
21,658 |
20,425 |
|
Creditors : amounts falling due within one year |
(18,171) |
(17,526) |
|
|
––––––– |
––––––– |
|
Net Current Assets |
3,487 |
2,899 |
|
|
––––––– |
––––––– |
|
Net Assets |
3,487 |
3,130 |
|
|
|
|
|
Capital and Reserves |
|
|
|
Called up share capital |
2 |
2 |
|
Profit and loss account |
3,485 |
3,128 |
|
|
––––––– |
––––––– |
|
Shareholders’ funds |
£3,487 |
£3,130 |
|
|
––––––– |
––––––– |
Continuing operations
None of the company’s activities were acquired or discontinued during the above two financial years.
Total recognised gains and losses
The company has no recognised gains or losses other than the profit or loss for the above two financial years.
|
Grants and other expenditure |
2002 |
2001 |
|
|
|
|
|
Research grants |
8,021 |
(664) |
|
Medical Committee |
245,055 |
19,952 |
|
Amenities |
8,393 |
5,841 |
|
Christmas grant |
2,010 |
1,604 |
|
Intensive Care donation |
- |
5,912 |
|
Fete raffle prizes |
|
345 |
|
|
––––––– |
––––––– |
|
|
£263,479 |
£32,645 |
|
|
––––––– |
––––––– |
Individual research, medical committee and amenities grants committed (unutilised / recovered) for the year ended 30th September 2002 are as follows:- Research grants
| Department of Haematology | (593) |
| Department of Conservative Dentistry – research equipment | 75 |
| Ultrasonic Angiology Lab. – computer | (3) |
| Department of Cytogenetics – submarine gel tank | (1,242) |
| Department of Radiological Science – camera | (31) |
|
Haemophilia Reference Centre |
(2,500) |
| Physiotherapy | (2,400) |
| Oral medicine | (2,250) |
| Pharmacy education | 1,250 |
| Department of chemical pathology | 1,510 |
| Department of urology | 2,500 |
| Pharmacy | 2,500 |
| Nutrition and diabetes | 2,500 |
| Department of chemical pathology | 1,705 |
| Paediatric intensive care | 2,500 |
| Nuclear medicine | 2,500 |
| ––––––– | |
| £8,021 | |
| ––––––– |
Medical grants
|
Head and neck ward – pulse oximeter |
2,228 |
|
Department of Ophthalmology – auto kerato/refractor |
(149) |
|
Department of Oral and Maxillofacial Surgery – camera and endoscopes |
(1,417) |
|
Oncology – infra – operative radiotherapy system |
150,000 |
|
ENT – image guidance system |
99,500 |
|
Paediatric Orthopaedic Department – cast saw |
(1,710) |
|
Aston Key Ward – pulse oximeter |
(1,795) |
|
Breast Surgery – make up machine |
(1,602) |
|
|
––––––– |
|
|
£245,055 |
|
|
––––––– |
Amenities grants
|
Chapel – sound system |
5,695 |
|
Paediatric Intensive Care Unit – refurbishment of two visitor rooms |
1,472 |
|
Nuclear Medicine – TV/video |
149 |
|
Radiotherapy – upgrade facilities for patients and staff |
4,170 |
|
Rheumatology Department – two couches |
1,486 |
|
Guy’s Nursery – toys and equipment |
503 |
|
Guy’s Nursery – science and maths equipment |
(82) |
|
Flower shop (refurbishment) |
(5,000) |
|
|
––––––– |
|
|
£8,393 |
|
|
––––––– |
|
Reconciliation of grants payable
|
2002 |
2001 |
|
Commitments at beginning of year |
34,968 |
66,360 |
|
|
|
|
|
Commitments made in year |
284,475 |
85,088 |
|
Grants recovered or not requested by grantee within one year of date granted |
(20,996)
|
(52,443) |
|
|
––––––– |
––––––– |
|
Grants payable for the year |
£263,479 |
£32,645 |
|
Grants paid during the year |
(25,674) |
(64,037) |
|
|
––––––– |
––––––– |
|
Commitments at end of year |
£272,773 |
£34,968 |
Reconciliation of movement in funds
|
|
2002
|
2001 |
|
Net movement in funds for year |
(141,219) |
76,253 |
|
|
––––––– |
––––––– |
|
Funds at beginning of year previously stated |
630,243 |
484,940 |
|
Prior period adjustment |
(69,054) |
- |
|
|
––––––– |
––––––– |
|
Funds at beginning of year as restated |
561,193 |
484,490 |
|
|
––––––– |
––––––– |
|
Funds at end of year |
£419,934 |
£561,193 |
|
|
––––––– |
––––––– |
Guarantees and other financial commitments
Grant Commitments
At 30th September 2002, grants totalling £272,773 (2001 - £34,968) had been approved by the Executive Committee but had not been paid out.
Return to the top of the document
Anyone can join. You do not have to be an ex-patient, although many of our members are.
The minimum subscription is £5 a year, but extra donations are greatly appreciated and will enable the Charity to continue its good work in supporting the hospital, its patients and staff in so many ways that are not available though the NHS. Cheques and postal orders should be made payable to ‘The Friends of Guy’s Hospital’ and sent to
The Secretary,
The Friends of Guy’s Hospital,
Level 2, Thomas Guy House,
Guy’s Hospital,
London,
SE1 9RT.
Information regarding Gift Aid for a minimum period of four years and of Legacies can be obtained from the Secretary as above (Telephone : 020 7407 1058).
Return to the top of the document
Executive committee who served during the year were
President:
Lord Harris of Peckham
Vice Presidents:
|
Mrs. B.H. Cooper MBE |
K. Glendinning MBE |
Lady Harris |
|
Hon Mrs. J. McBeath |
Lady Robens |
Mr. W. White |
Chairman:
O.H. Shaheen MS FRCS
Vice Chairman:
M. Watson
Treasurer:
J.R. Simpson
Other Members:
|
Dr. A. Campbell |
Judge S. Coates (appointed October 2001) |
Mrs. D. Hay |
|
Professor R. Hay (appointed October 2001) |
P. J. Hiscock |
Dr. G. Mack |
|
Mrs. M. Roberts |
A.J. Roles |
Professor J. Rowe |
|
C. Saunders |
Dr. G.W. Scott MD FRCP |
|
Mrs. A. Franklin co-opted member
Published by
The Friends of Guy’s Hospital
Level 2, Thomas Guy House
Guy’s Hospital
St. Thomas’ Street
London
SE1 9RT
Charity Registration Number : 264150