FRIENDS OF ST MARY'S HOSPITAL
The Friends aim is to support and supplement the services offered by Island-wide NHS services, through the funding of new equipment and facilities designed to enhance the wellbeing of NHS patients and staff across the Isle of Wight. We are funded by the running of our shop, by charity boxes around the Island and by many generous donations or by being kindly remembered in a Will.
Objects
THE OBJECT OF THE FRIENDS SHALL BE TO RELIEVE AND ASSIST PATIENTS OF THE HOSPITAL IN THE COMMUNITY, MEANING OF “THE COMMUNITY” SERVED BY THE FRIENDS IN CONJUNCTION WITH ST MARY’S HOSPITAL AND THE ISLE OF WIGHT NHS TRUST. (THE NHS TRUST) AND GENERALLY TO SUPPORT THE CHARITABLE WORK OF THE SAID HOSPITAL.
Financial health, per its FY2024 accounts
The accounts state that the charity's free reserves were £151,755 at the end of the reporting period, which is well above the trustees' stated minimum policy target of £20,000. The trustees consider the finances to be sound and report that the charity remains robust and able to continue its activities.
What the accounts disclose
“Having considered the nature of any likely costs, the Friends of St Mary's Trustees have agreed that the level of the reserves should be a minimum of £20,000.” — page 5
“A management charge of £3,796 was raised by the charity to the trading company and funds owned to the charity by the trading company were repaid to it.” — page 17
“During the year £39,670 (2023: £30,194) of donated profits were recieved from Friends of St. Mary's Shop/Cafe Ltd, the wholly owned trading subsidiary.” — page 17
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
Trustees
- Patricia Smithchair
- ANDREA EDGSON
- HELEN FOSS
- Lesley Myland
- MISS JILL LEGG
- Vivienne Tomlinson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £51k | £38k |
| 31/12/2023 | £65k | £43k |
| 31/12/2022 | £14k | £69k |
| 31/12/2021 | £14k | £22k |
| 31/12/2020 | £46k | £16k |
Common questions
Is FRIENDS OF ST MARY'S HOSPITAL financially healthy?
Per its FY2024 accounts: The accounts state that the charity's free reserves were £151,755 at the end of the reporting period, which is well above the trustees' stated minimum policy target of £20,000. The trustees consider the finances to be sound and report that the charity remains robust and able to continue its activities. Its FY2024 accounts were independently examined.