' REGISTERED COMPANY NUMBER.. 02545804 (England and Wales) REGISTERED CHARITY NUMBER: 1001476 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE PERIOD I JANUARY 2023 TO 31 MARCH 2024 FOR STAFFORD AND CANNOCK LEAGUE OF HOSPITAL FRIENDS Deans Chartered accountants Statutory auditor Gibson Ho¢Jse Hurricane Court Hurricane Close Stafford ST16 IGZ
STAFFORD AND CANNOCK LEAGUE OF HOSPITAL FRIENDS CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD I JANUARY 2023 TO 31 MARCH 2024 Page Report of the Trustees Report of the Independent Auditors 8 to 11 Consolidated Statement of Financial Activities 12 Consolidated Balance Sheet 13 to 14 Consolidated Cash Flow Statement 15 Notes to the Ftnancial Statements 16 to 31
STAFFORD AND CANNOCK LEAGUE OF HOSPITAL FRIENDS REPORT OF THE TRUSTEES FOR THE PERIOD I JANUARY 2023 TO 31 MARCH 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2006. present their report with the financial statements of the charity for the year ended 31 December 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191. STRATEGIC REPORT STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited bv guarantee, as defined by the Companies Act 2006. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 02545804 {England and Wales) Registered Charity number 1001476 Registered office Caxton House North Walls Stafford ST16 3AD Trustees Mr H r Bould Construction Manager Mrs Y A Buckland Semi Retired Mr J A Day Retired Lecturei MCFHill Mrs C A Holdcroft Retired Mrs V Jones Retired Director Of Nursing Mrs D J Moores Retired Ahp Lead Mrs W Powell Retired Mrs J Landick Retired lappointed 23.01.20231 Company Secretary Mfs J K Landick Page I
STAFFORD AND CANNOCK LEAGUE OF HOSPITAL FRIENDS REPORT OF THE TRUSTEES FOR THE PERIOD I JANUARY 2023 TO 31 MARCH 2024 REFERENCE AND ADMINISTRATIVE DETAILS Auditors Deans Chartered accountants Statutory auditor Gibson House Hurricane Court Hurricane Close Stafford ST16 IGZ The Tru5tee5 have pleasure in presenting their annual report together with the consolidated financial statements of the charity and its subsidiary for the period ended 3 1 March 2024 which are also prepared to meet the requirements for a directors, report and accounts for Companies Act purposes. Statutory background The Charities Act 2011 section 132 requires the Trustees to prepare in respect of each financial year an annual report containing prescribed information and to transmit such report to the Charity Commi5sioner5 (having attached to it the financial statement of account5 for such financial yearl. The Trustee5 have also taken account of the Charity Commissioners, Statement of Recommended Practice ISORP FRS1021 in respect of ma king this report. Objectives and activities A major parl of the organisalion's role is housing vulnerable people and this is achieved by properly rental and a Portfolio of owned properties. This allows the organi.4ation lo house individua15 Wlth needs that meet the objectives of the charity which include mental health, offending history and vulnerability. There is a direct link between the hDsPltals and a public benefil by the orBanisation oflering supporled housing to Ihe5o Individuals. Aims of the organisation 11 Provide housing lo vulnerable individua15 Wlth mental health and addiction i55ue5. 21 Provide support and a service to patients and their families providine healthy choices via our catering outlets at local h05Pltals in Slafford and Cannock 31 Helping individuals to get back into employment by raising their self -esteem. 41 Ensurin8 healthy choices are always èvailable at any catering outlet we support a5 an organisation, along Wlth support and encouragement. Strategies 11 The charity works with Housing Benefit, Stafford Borough Council. Cannock District Council, South Staffs Council and Walsall Council and offers an Inreach Service to the inpatients on the wards at St George's Hospital, Stafford and Redwoods Hospital, Shrewsbury, on a weekly basis viewing their needs re8ardinB paperwork to claim benefits and moving on to supported Housing. 21 Food compliance are in place at all catering outlets and is reported to our Governance Committee. 31 Providing voluntary work for individuals to give a Service to our local hospitals. 41 Providing supported housing to individuals and support them to move onto independent living, clients are given questionnaires to complete to improve the service the charity gives. Provide an Inreach Service to inpatients at Midland5 P3rtner5hip NHS Foundation Trust to support them to move onto supported housing. Page 2
STAFFORD AND CANNOCK LEAGUE OF HOSPITAL FRIENDS REPORT OF THE TRUSTEES FOR THE PERIOD I JANUARY 2023 TO 31 MARCH 2024 Achievements and performance This year has been successful in respect of improvements around the two main challenges of the previous year which were the Catering and Fundraising functions of the Charity which are discussed later in this report. The League has struggled to meet its Business Plan targets for properties and tenants despite a eood start. This was mainly due to the unexpected loss of a number of flats due to the landlord requesting their return so they could be sold. This position was exacerbated by the1055 of four more flats as a result of Walsall Council's refusal to accept a specific mental health diagnosis. An adjustment was agreed for the target for thi5 year to reflect the economy and housing market conditions which were outside the control of the League. Cannock Hospital Café ha5 taken an upturn due to increased footfall with the hospital becomin8 a Community Oiagnostic Centre with a plan to work towards 7 day5 week theatre schedule. The hospital management requested whether the Café could offer their Staff sub5idised cooklchill meals and following a risk and benefit analysis a pilot was introduced. The Café earnin8s are now just over pre pandemic levels and anticipated to rise with the hospital bu5ine55 model around growth. The Coffee Bar has reopened although footfall there is poor tompared to the Café however with the growth of clinics this could well change and will be kept under review. Of the four League catering outlet5, Cannock Café is the most successful and whilst the Stafford Coffee Bar manage5 to break even, St George's Hospltal retail does not. The decision was made to continue serving St George's Hospital in the context of the social good and the benefits ot a good relationship with the hospital and our other contract5 Wlth them. The Fundraising Committee has been very active with their stall at Penkridge Market, bucket collections at Supermarkets and also supported the Rotary Father Xmas Collection at Te5co in Heath Hayes. Thi5 has resulted in them exceeding their target of £5,000 successfully with a total of £7,000. The Volvnteer T35k Group has identified a new role for volunteers. With support from the hospital management, it was agreed to introduce a pilot for a -meet & Greet" service at Cannock Chase Hospital. Volunteers are slowly returning to the League after their absence during Covid. The League's Social media presence, reported to the Board quarterly, is growing steadily and the Board have requested a social media strategy to further develop the image and reach of the League. An important event was held this year to celebrate the 50th Anniversary of the League at the Gatehouse Theatre in Stafford led by a Trustee and Social Media Support. The aim was to showcase the services provided by the League to an invited audience to encourage landlords and donations. A number of presentations were delivered followed by a Radio campaign to encourage landlords to work with the League. A donation of £5.000 wa5 made at this event on behalf of the British Legion for the care of veterans who are under the care of the League. Jane Landick has been appointed as the new Company Secretary. She comes with experience and skills in governance and legal issues having retired from an NHS Trust and is very welcome. We continue to use the Charity Commission's Governance Code Framework to audit the level of compliance and identify gaps in our governance Structure and systems. Our new Company Secretary ha5 agreed to conduct a review which will be reported in 2024. The Chief Executive and the Housing Team continue to develop the Supported Housing Service through Inreach and Outreach Service5. The Inreach Service for St GeorBe's Hospital has now been replaced by the Trust as an outcome of a service redesign. The hospital has thanked the League for the development of the role. The aim is to increase the number of properties that are in the charity's ownership over future years as our funds allow ha5 not changed. We will continue to build on the excellent relationships we have with a number of Registered Social Landlords to increase the number of properties they are able to allocate to our charity where this is possible. However, it has been more difficult this year due to the problem5 Outlined in the introduction to this report. Page 3
STAFFORD AND CANNOCK LEAGUE OF HOSPITAL FRIENDS REPORT OF THE TRUSTEES FOR THE PERIOD I JANUARY 2023 TO 31 MARCH 2024 The charity retains its preferred provider status with the main funding partners and remains committed to demonstrating a "value for money" philosophy whilst providing the highest level of su pport to the residents. The charity would like to thank family, friends and the local communities who have generously donated to the charity in so many ways this past year. Training We have a training schedule for all staff, trusteos and volunteers and thi5 15 reviewed regularly and forms a part of the Board Report. Training and staff appraisal records for all staff are maintained and reviewed throughout the year with the achievement target reported quarterly to the Board along with other Key Performance Indicator5. New training has been provided in re5pon5e to the requirement to undertake reeular Mould risk assessments following the tragic child death in Rochdale. Financial Review The financial statement5 for the year have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the charity's governing document. the Charities Act 2011, the Companies Act 2006, and the Statement of Recommended Practice.. Accounting and Reporting by Charities ISORP FRS1021. The financial 5tatement5 consolidate the resu Its of Stafford and Cannock League of Hospltal Friends and its trading subsidiarv. Funds in tho charity have increased to El,604,646 from El,349,092. Rental income has subsequently increased from £ 1,022,975 to £1,302,592 in the year. The trading sub.sidiary, CannDck Chcise Trading Litnited, operotes coffee bars and o cafp. in the local hospitals. The profit mar£ins have been affected by the Covid-19 pandemic. Ouring the year the charity achieved income of El,756,23112022 £1,240,509) with p.xpendilure of £1,500,67712022 £1,090,967). Thus, increased the surplus of the charity to £255,55412022- £149,542). Reserves Policy It was agreed by the Board to change the policy of unrestricted reserves equal to from six months to five months of operating expenditure. It was judged that the five month5 would still be sufficient to rnaintain operations should a Shortfall in income arise and to cover risks and continEencie5 that would require an outlay of expenditure above a normal level. For reserves in excess of the reserves policy, the Trustee5 will a55e55 the optimal usage of these funds to enable the charity to maximise its benefits. The charitie5 total reserves of El,604,64612022 - £1,349,092) at the year-end were in excess of five rnonths. worth of operating expenditure. Grant Making Policy The charity give5 donations to County Hospital, St GeorEe's H05Pltal in Stafford and Cannock Chase Hospital. The hospitals do inform the League of Friends what projects they wou Id like the donation to go towards. If the donation is £500 or les5 it is approved by the Chief Execu tive, however if the donation is over £500 then approval is needed from the Chairman and Treasurer. All donations given must be for the benefit of patients. The League of Friends had arranged a variety of fundraising events throughout the year to boost the organisation's surplus. Thi5 Wa5 covered earlier in this report. Investment Power5 The charity has the power to make any investment which the Trustees see fit. An investment platForm managed by Investec was implemented in order to enhance the opportunity to maximise the returns from the Charity's cash reserves. Pa£e 4
STAFFORO AND CANNOCK LEAGUE OF HOSPITAL FRIENDS REPORT OF THE TRUSTEES FOR THE PERIOD I JANUARY 2023 TO 31 MARCH 2024 Governance and Management Structure The charity is a company limited by guarantee and is managed by its trustees. The trustees are its Directors for the purposes of company law. The governing document is the Memorandum & Articles of Association reviewed and dated June 2021. It is registered as a charity with the Charity Commission. The current trustees of the charity are listed in the reference and administrative information on page l. The Board of Trustees meet regularly and have no beneficial interest in the charity. The power of appointing new trustee5 is vested in the Board, composed of existing trustees. Board Sub Committees have been set up and these Committees report back to the Board of Trustees. Key Personnel are the people with the authority and responsibility for planning, directing, and controlling the activities of the charity. The arrangements for setting the pay of key personnel are made by the Board of Trustees. The Trustees have also complied with the duty in section 4 of the Charities Act 2011 to have due regard to the guidance published by the Charity Commission in relation to the public benefit of the charity. Induction and Training of Trustees The Trustees are committed to the provision of a high quality service to all clients. Against this commitment. they see the recruitment, selection and induction of all Trustees as a vital issue. It is acknowledged that we work and live in a diverse society, and, insofar as it is compatible with the policy on equal opportunities. they welcome diversity among its Trustees. The detailed criteria and procedures are available from the charity'5 Secretary. There is a League Carbon Reduction Strategy and Action Plan which is reported to Governance Committee and 8oard. Risk Management There is a Governance Assurance Framework and an active Risk Register which is sent to the Board of Trustees on a bi-rnonthly basis highlighting any current / new risks. The charity is continuing with the policy of purchasin8 accommodation due to the potential impact on housing benefits, in the future making the League les5 reliant on landlord5 for accommodation. It has been agreed that this can flex from one to two bedded accommodation dependant on the offer available. The number of tenants is in line with the adjusted Bu5ines5 Plan target for the reasons explained in this report. Future plans for the Charity The Board of Trustees have an important role to develop and monitor strategy direction and future of the Charity. The League has a strategic business plan in place agreed by the Board of Trustees which has been reviewed by the Board in May 2024. Page 5
STAFFORD AND CANNOCK LEAGUE OF HOSPITAL FRIENDS REPORT OF THE TRUSTEES FOR THE PERIOD I JANUARY 2023 TO 31 MARCH 2024 Related Parties Neither the charity, nor any trustees on its behalf, holds any assets for another charity. Cannock Chase Hospital Trading Limited is a trading subsidiary of the charity. It operates the coffee bars and café in the h05Pltals. Mr H T Bould. M rs Y A Buckland and Mrs K Landick, all of whom are tiustees of Staftord and Cannock League of Hospital Friends and are Directors and Shareholders las nominees) of Cannock Chase Hospital Trading Limited. They have agreed that any profit made by the company will be gift aided to the charity. From l January 2019, the Coffee Bars at County Hospital and St George's H05Pltal. Stafford have traded through Cannock Chase Hospital Tr3din8 Limited. The results from the trading subsidiary are consolidated into the financial statements of the charity. Indemnity Insurance The charity has Wlthin its general insurance policy cover to indemnify the trustees against the consequences of any neglect or default on their part. The cost to the charity of this insurance has not been separately identified,. however, it is included in other expenses (Note 101. statement of Trustees, responsibilities The trustees (who are a150 the director5 of Stafford And Cannock League Of Hospital Friends for the purposes of company lawl are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law require5 ihE tru5tee5 to prepare li nancial statemet5 for each financial year which Eive a true and fair view of the state of affairs of Ihe charitable company dnd of the incoming resources and application of resource.s, including the income and expenditure, of the charitable company for that period. In preparing those financial sl¢ltemont5, the truslees a re required to select suitable accounting policie5 and then apply them consi5tentlv,' observe the methods and principle5 in the Charity SORP- make judgements and estimates that are reasonable and prudent., prepare the financial 5tatement5 on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. Page 6
STAFFORD AND CANNOCK LEAGUE OF HOSPITAL FRIENDS REPORT OF THE TRUSTEES FOR THE PERIOD I JANUARY 2023 TO 31 MARCH 2024 The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustees are aware- there is no relevant audit information of which the charitable company's auditors are unaware: and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. AUDITORS The auditor5. Deans. will be proposed for re-appointment at the forthcoming Annual General Meeting. Report of the trustees, incorporating a strategic report, approved by order of the board of trustees. as the company directors, on and signed on the board's behalf by-. (. V Jones- Trustee Page 7
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF STAFFORD AND CANNOCK LEAGUE OF HOSPITAL FRIENDS Opinion We have audited the financial statements of Stafford And Cannock League Of Hospital Friend5 Ithe 'parent charitable company'l and its subsidiaries (the 'group'l for the period ended 31 March 2024 which comprise the Consolidated Statement of Financial Activities, the Consolidated and Parent Balance Sheet, the Consolidated and Parent Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standard5, including Financial ReportinE Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements= give a true and fair view of the state of the groups and parent charitable company's affairs as at 3 1 March 2024 and of the group's incoming resources and application of resource5, including its income and expenditure, for the period then ended,. have been properly prepared in accordance with United Kingdoffl Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirements of the Companies Act 2006 and the Charities Act 2011. Basis for opinion We conducted our audit in accordance with International Standards on Auditing {UKI IISA5 IUKII and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the rinancial statoments section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'5 Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate lu provide a basis lor our opinioii. Conclusions relating to going concern In auditing the financial statements, we have concluded that the tru5tees' use of the going conce.rn basis of accounting in the preparation of the financial sla lements is appropriate. Based on the work we have perfoimed, we have not identified any material uncertainties relating to events or condition5 that. individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Other information The trustees are responsible for the other information. The other information comprises the information included in the Report of the Trustees but does not include the financial statements and our Report of the Independent Auditors thereon. Our opinion on the f inancial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not expre55 any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, In doinE so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconslstencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report th6t fact. We have nothing to report in thi5 regard. Page 8
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF STAFFORD AND CANNOCK LEAGUE OF HOSPITAL FRIENDS Matter5 on which we are required to report by exception We have nothing to report in respect of the following matters where the Charities IAccounts and Reports) Regulations 2008 requires us to report to you if, in our opinion.. the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements- or the charitable company has not kept adequate accounting records., or the financial statements are not in agreement with the accounting records and returns,. or we have not received all the information and explanations we require for our audit. Respon5ibilitie5 of trustee5 As explained more fully in the Statement of Trustees, Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial Statements and for being satisfied that they give a true ènd fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material mi5Statement. whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do 50. Page 9
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF STAFFORD AND CANNOCK LEAGUE OF HOSPITAL FRIENDS Our responsibilities for the audit of the financial statements We have been appointed as auditors under Section 15 1 of the Charities Act 2011 and report in accordance with the Act and relevant regulation5 made or havinE effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements a5 a whole are free from material mi5Statement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a hiEh level of assurance. but is not a guarantee that an audit conducted in accordance with 15As IUKI will always detect a material misstatement when it exists. Misstatement5 can arise from fraud or error ènd are considered material if. individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basi5 of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, Dutlined above, to detect material misstatements in respect of irregularities, including f raud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below-. Inspection of board minutes both during and after the reporting period to identify any discussions of non-compliance; Communication with management before, during and after the audit fieldwork to confirm instances of non-compliance,. Auditing the risk of manaBement override of controls, including through testing journal entrie5 and other adjustmonts for appropriateness, and evaluation of the bu5ines5 rationale of significant transactions outside the normal course of business., ReviLwing fin3ncial statement disclosures and tesling to supporting documentation lo asse%s compliancp with applicable law5 and regulations. Bec3U5o of the inherent limitations of an audit, there is a risk that we will not delect all irreF.Lilarities, includin2 thos leading to ¢1 material misslateinenl In the linancial statements or rion compliance with regulation. This risk Iricreases the more that compliance with a law or regulation is removed from the event5 and transactions reflected In the financia5 statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentalion. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.f rc.org.tsk/auditorsrespon5ibilities. This description forms part of our Report of the Independent Auditors. Page 10
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF STAFFORD AND CANNOCK LEAGUE OF HOSPITAL FRIENDS Use of our report This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Account5 and Report51 Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an auditors, report and for no other Puf pose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's trustees as a body, for our audit work, for this report. or for the opinions we have formed. Deans Chartered accountants Statutory auditor Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 Gibson House Hurricane Court Hurricane C105e Stafford ST16 IGZ Date= Page 11
STAFFORD AND CANNOCK LEAGUE OF HOSPITAL FRIENDS CONSOLIDATED STATEMENT OF FINANCIAL AcfiviTIES (INCORPORATING CONSOLIDATEO INCOME AND EXPENDITURE ACCOUNTI FOR THE PERIOD I JANUARY 2023 TO 31 MARCH 2024 2024 Total funds 2022 Total funds Unrestricted fund Restricted fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 13,391 78,795 92,186 40,612 Charitable activities Charitable activities 1,302,592 1.302.592 1,022,975 Other trading activities Investment income 341,170 15,283 5,000 346,170 15,283 173,176 3,746 Total 1,672,436 83,795 1.756,231 1,240,509 EXPENDITURE ON Charitable activities Charitable activities Fundraising cost5 1,143,638 278,244 78,795 1,222.433 278,244 935.216 155,751 Total 1,421,882 78.795 1.500,677 1,090,967 NET INCOME 2)0,554 5,000 255,554 149,542 RECONCILIATION OF FUNDS Total funds brought forward 1,349,092 1.349,092 1,199,550 TOTAL FUNDS CARRIED FORWARD 1,599,646 5,000 1,604,646 1,349.092 The notes form part of these financial statements Page 12
STAFFORD AND CANNOCK LEAGUE OF HOSPITAL FRIENDS CONSOLIDATED BALANCE SHEET 31 MARCH 2024 Group Charity 2024 2022 2024 2022 Notes FIXED ASSETS Tangible assets Investments Is 16 891.068 827,134 889,749 825,110 891,068 827,134 889.749 825,110 CURRENT ASSETS Stock Debtor5 Cash at bank and in hand 7,015 137,008 673,460 4,289 91,779 542,063 17 293.225 603,924 228.157 486.109 817,483 638.131 897,149 714.266 CREDITORS Amounts falling due within one year 18 1103.905} {116,1731 172.6641 {90.8271 NET CURRENT ASSETS 713,578 521,958 824,485 623.439 TOTAL ASSETS LESS CURRENT LIABILITIES 1,604,646 1.349,092 1,714.234 1.448,549 NEf ASSETS 1.604.646 1,349.092 1,714,234 1,448.549 FUNDS Unrestricted funds-. Unrestricted fund 19 1,604,646 1.349,092 1,714,234 1,448.549 TOTAL FUNDS 1,604,646 1.349,092 1,714,234 1,448,549 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024. The members have not deposlted notice, pursuant to Section 476 of the Companies Act 2006 requiring an audit of these financial statements. The trustees acknowledge their responsibilities for ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and fair view of the state of affair5 of the charitable companv as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirement5 of the Companies Act 2006 relating to financial statements. so far as applicable to the charitable companv. Ib These financial statements have been audited under the requirements of Section 145 of the Charities Act 2011. The notes form part of these financial statements Page 13
STAFFORD AND CANNOCK LEAGUE OF HOSPITAL FRIENDS CONSOLIOATED BALANCE SHEET- continued 31 MARCH 2024 The financial statements were approved by the Board of Trustees and authorised for issue on and were signed on its behalf by: V Jone5 Trustee The notes for m part of these financial statements Page 14
STAFFORD AND CANNOCK LEAGUE OF HOSPITAL FRIENDS CONSOLIDATED CASH FLOW STATEMENT FOR THE PERIOD I JANUARY 2023 TO 31 MARCH 2024 Group 2024 Charity 2024 Note 2022 2022 Cash flow from operating activities 20 194,979 169.947 181,396 158.365 Net cash flow from operating activities 194.979 169,947 181,396 158,365 Cash flow from Investln8 activities Interest Purchase of tangible fixed assets Net cash ftow from investing activities 15.283 3,746 15,283 3,746 {78,8651 {63,5821 1117,4311 1113,6851 178.8641 163.5811 1116,2811 1112.5351 Net increase/ Idecfeasel in cash and cash equivalents 131,397 56,252 117,815 45,830 Cash and cash equivalents brought forward 542,063 485,801 486,109 440,279 Cash and cash carried forward 673.460 542,063 603,924 486,109 Cash and cash equivalents consists of: Cash at bank and in hand 673,460 542,063 603,924 486.109 Cash and cash equivalents at 31.03.2024 673.460 542,063 603,924 486.109 The notes form part of these financial 5tatement5 Page 15
STAFFORD AND CANNOCK LEAGUE OF HOSPITAL FRIENDS NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD I JANUARY 2023 TO 31 MARCH 2024 STATUTORY INFORMATION The charity is a company limited by guarantee. The member5 of the company are the trustees named on page l. The registered office address is Caxton House, North Walls, Stafford. ST16 3AD. ACCOUNTING POLICIES Basis of preparing the financial statement5 Stafford and Cannock League of Hospital Friends is a charitable company limited by guarantee in the United Kingdom. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The addres5 of the registered office is given in the charity information on page l of these financial statement5. The nature of the chaflty's operations and principal activities are to provide supported housing for people enduring mental illness and to provide a range of retail Services within local hospitals. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charitie5 preparing their account5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (effective l January 20191, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FR5 1021, the Charities Ait 2011, the Companies Act 2006 and UK Geiiera Ily Accepted Accoii nting Practice. The financial statements are prepared on a going concern basis under the hisforical c05t convention, modified lo include certain items at f¢]ir value. The linancial slcltements are presented in Sterling which is the functional cu rrency of the charity and rounded to the nearest £. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. Income recognition All incoming resources are included in Ihe Statement of Financial Activities1SoFAI when the charity 15 legally entitled to the income after any perfDrmance conditions have been met, the amount can be measured reliably, and it is probable that the income will be received. For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of perforfflance before entitlement can be obtained, then income 15 deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled. Donated facilities and donated professional services are recoenised in income at their fair value when their economic benefit is probable, it can be measured reliably, and the charity has control over the item. No amount is included in the financial statements for volunteer time in line with the SORP. Further detail is given in the Trustees. Annu31 Report. Gifts in kind donated for resale are included at fair value, where it is impracticable to fair value the items due to the volume of low value items they are not recognised in the financial statements until they are sold. This income is recognised within 'lncome from other trading activities,. Page 16 continued...
STAFFORD AND CANNOCK LEAGUE OF HOSPITAL FRIENDS NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE PERIOD I JANUARY 2023 TO 31 MARCH 2024 ACCOUNTING POLICIES- continued Income recognition Income from trading activities includes income earned from fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recogni5ed when entitlement has occurred. Income from government and other grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received, and ihe amount can be measured reliably. If entitlement is not met, then these amount5 are deferred. Investment income is earned through holding assets for investment purposes such as shares and property. It includes dividends. interest and rent. Where it is not practicable to identify investment management costs incurred within a scheme with reasonable accuracy the investment income is reported net of these costs. It is included when the amount can be measured reliably. Interest income is recognised using the effective interest method and dividend and rent income is recognised as the charity's right to receive payment is established. Expendlture recognition All expenditure is accounted for on an accruals basis and has been classified under heading5 that ageregate all costs related to the category. Expenditure 15 recognised where there is a legal or constructive obligation to make payment5 to third parties, it is probable that the settlement will be required, and the amount of the obligation can be measured reliably. It is categorised under the following headings- Costs of raising funds include the c05t5 of commercial trading including fundraising expenditure and property rental costs. Expenditure on charitable activities includes grants payable in furtherance of the charity's objects, management. administration and governance. Other expenditure represents those item5 not falling into the categories above. Irrecoverable VAT is charged a5 an expense against the activity for which expenditure arose. Support cost5 allocation Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance c05t5, administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters. Where support costs cannot be directly attributed to particular headings, they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the resources. The analysi5 of these costs 15 included in note 10. Tangible fixed a55etS Tangible fixed assets are stated at cost lor deemed costl or valuation less accumulated depreciation and accumulated impairment losses. C05t includes cost5 directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residu31 value, of each a55et on a systematic basis over its expected useful life as follows: Page 17 continued...
STAFFORD AND CANNOCK LEAGUE OF HOSPITAL FRIENDS NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE PERIOD I JANUARY 2023 TO 31 MARCH 2024 ACCOUNTING POLICIES- continued Tangible fixed asset5 Freehold property Long Leasehold property Fixtures & fittings Motor vehicles Computer equipment not provided not provided 10-15% on cost -25Yo on cost 25Yo on cost Investments in subsidiaries Investments in Subsidiary undertaking5 are recognised at cost. Taxation The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph I Schedule 6 Finance Act 2010 and therefore it meet5 the definition of a charitable company for UK corporation tax purposes. Funds Unrestricted funds are avail¢Jble for use at the discretion of the trustees in furtherance of the general objeclivcs of tho charity and which have not been designated for other purposes. Restricted funds afe funds which are to be used in accordance with spoci lic restrictions imposed by donors or which have been raised by Ihe charity for specific purposes. The c05t of raising and adminislering such funds are charged against the specific fund. Thè aim and use of eacli restricted fund is set out in the nolp5 to the finar)ci31 statements. Leases Rentals pay3ble and receivable under operating leases are charged to the SOFA on a straight-line basis over the period of the lease. Employee benefits When employees have rendered service to the charity, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service. The charity operates a defined contribution plan for the benefit of its employees. Contributions are expended as they become payable. Going concern The financial statement5 have been prepared on a going concern basis as the trustees believe that no material uncertaintie5 exist. The trustee5 have considered the level of funds held and the expected level of income and expenditure for 12 month5 from authorising these fin3ncial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern. Page 18 continued...
STAFFORD AND CANNOCK LEAGUE OF HOSPITAL FRIENDS NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE PERIOD I JANUARY 2023 TO 31 MARCH 2024 ACCOUNTING POLICIES- continued Debtors and creditors receivable / payable within one year Debtor5 and creditors Wlth no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure. Stock Stock is included at the lower of cost or net realisable value. Provision is made for damaged, obsolete and slow-moving stock where appropriate. DONATIONS AND LEGACIES 2024 2022 Donations Grants 13,391 78,795 3.862 36,750 92,186 40,612 Income from donations, legacies and grants was £92, 18612022 £40,612) OF which £78.79512022 £36,750) was attributable to restricted funds and £13,39112022 £3,862) was attributed to unrestricted reserves. Restricted grants received. included in the above, are as follows.. 2024 2022 HousinglForensic InReach Training Ukraine Project 78.295 33,750 3,000 500 78.795 36.750 Page 19 ontinued...
STAFFORD AND CANNOCK LEAGUE OF HOSPITAL FRIENDS NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE PERIOD I JANUARY 2023 TO 31 MARCH 2024 OTHER TRADING ACTIVITIES 2024 2022 Fundraising events Coffee bar income Other income 5,000 326,774 14,396 162.976 10,200 346,170 173,176 Income from other trading activities was E346,170 12022 £173,176) of which E5,000 12022 £nill was restricted. INVESTMENT INCOME 2024 2022 Interest receivable trading 15,283 3,746 Income from inveslmenr income was E15,283 12022 £3,746) of which all was atiributed lo unreslricted reserves. INCOME FROM CHARITABLE ACTIVITIES 2024 2022 Property rental Charitable activities 1,302,592 1.022,975 Income from charitable activities was £1,302,592 12022 unrestricted reserve5. £1,022,9751 of which all was attributed to CHARITABLE ACTIVITIES COSTS Grant funding of activities (see note 91 Direct Costs (see note 81 Support costs Isee note 101 Totals Charitable activities Fundraising costs 489,067 170,709 986 732,380 107,535 1,222,433 278,244 659,776 986 839.915 1,500,677 Page 20 continued...
5TAFFORD AND CANNOCK LEAGUE OF HOSPITAL FRIENDS NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE PERIOD I JANUARY 2023 TO 31 MARCH 2024 DIRECT COSTS 2024 2022 CHARITABLE ACTIVITIES Other operating leases Rates and water Light and heat Pfoperty repairs Furniture, fittings and refurbishment C05t5 TV licence 409.144 4.134 17.516 24,167 33.669 437 489.067 304,474 13,029 75,011 12.319 35,300 5,698 445,831 FUNDRAISING COSTS Coffee bar direct costs 170,709 89,739 659,776 535,570 Of the total direct costs. £46,79512022 - £21.7501 was restricted. GRANTS PAYABLE 2024 2022 Charitable activities 986 163 The total grants paid to institutions during the year was as follows- 2024 2022 St George's Hospital 986 163 986 163 Amounts paid and committed total £98612022 - £1631 and include St Georges Hospital £98612022 E163}. io. SUPPORT COSTS Management Finance Governance Other Tot3ls Charitable activitie5 Fundraising costs 588.590 95,635 30.267 8.731 41.476 I,oio 72,047 2,159 732.380 107,535 684,225 38,998 42.486 74,206 839.915 Page 21 continued...
STAFFORD AND CANNOCK LEAGUE OF HOSPITAL FRIENDS NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE PERIOD I JANUARY 2023 TO 31 MARCH 2024 io. SUPPORT COSTS- continued Of the total support costs. £32.53812022 - £12,000) was restricted. GOVERNANCE COSTS 2024 2022 Accountancy including auditors remuneration Legal & professional fees 18,092 24,394 20,650 15,464 42,486 36,114 Support C05t5, included in the above, are as follows.- 2024 Total activities 2022 Total activitie5 Charilable activities Fundraising costs Wages Social securitv Oelined contribution pension cos15 Other operating lea5e5 Lighi and heat Repairs and maintonance Deprecialion of tangible assets Telephone Office expenses Bank charges Hire of equipment Accountancy Legal and prDfessional fees Motor expenses Employee travel expenses Insurance Computer software and maintenance Bad debts Other expense5 425,282 32,683 32,936 51,676 7,691 10,939 14,225 13,158 28.674 1,593 79,834 3.684 505, 116 36,367 40,101 51,676 7,691 15,184 14,932 13,158 28,923 10,075 1,327 18,092 24,394 4,417 11,070 9,636 8,261 27,789 11,706 341,862 26, 183 26,149 27,252 3,524 15,579 14,388 8,233 16,080 5,163 1,235 20,650 15,464 4,428 7,018 3,273 5,955 5,962 6,836 4,245 707 249 8,482 1,327 i.oio 17,082 24,394 4,417 10,435 9.636 8,261 27,789 11,509 635 197 732,380 107,535 839,915 555,234 Page 22 continued...
STAFFORD AND CANNOCK LEAGUE OF HOSPITAL FRIENDS NOTES TO THE FINANCIAL 5TATEMENTS- continued FOR THE PERIOD I JANUARY 2023 TO 31 MARCH 2024 ii. NET INCOMEIIEXPENDITURE) Net income/lexpenditurel is stated after chargingllcreditingl: 2024 2022 Depreciation owned assets Other operating leases Auditor's fee Accountancy fees Defined contribution pension costs 14,931 409,144 13,800 1,005 40.100 14,388 331.648 10,950 I,ioo 26,149 12. TRUSTEES, AND KEY MANAGEMENT PERSONNEL REMUNERATIOII AND 8ENEFITS The trustees neither received nor waived any remuneration during the year12022 - £nill. The total amount of employee benefits received by key management personnel is £66,91312022- £50,543). The trustees consider its key management personnel compf ise solely the Chief Executive. Trustees, expenses During the year, travel expenses were reimbursed to 212022 - 31 trustees amounting to E73612022 - £5251. 13. STAFF COSTS 2024 2022 Wages and Salaries Social security Defined contribution pension costs 505,116 36,366 40.100 341,862 26,183 26,149 581,582 394.194 The average monthly number of employees during the year was as follows= 2024 2022 Raising funds Charitable activities Governance 16 14 23 19 1 {2022- nil) employee received emoluments above £60,000 during the current year. Page 23 continued...
STAFFORD AND CANNOCK LEAGUE OF HOSPITAL FRIENDS NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE PERIOO I JANUARY 2023 TO 31 MARCH 2024 13. STAFF COSTS- continued Tot31 redundancy / termination payments amount to £nil12022 - £nill. 14. AUDITOR'S REMUNERATION 2024 2022 Auditor's remuneration is as follows.. Audit fees All other non-audit services Total fees 13,800 1,005 14,805 10,950 I,ioo 11,550 15. TANG18LE FIXED ASSETS- GROLJP Fixtures and fittings Freehold property Long leasehold COST At l January 2023 AddiLions 157,155 634,298 66.274 60.325 11,546 Al 31 March 2024 157,155 700,572 71,871 DEPRECIATION At I january 2023 Chèrge for year 49,248 2,044 At 31 March 2024 51,292 NET BOOK VALUE At 31 March 2024 157.155 700,572 20,579 At 31 December 2022 157,155 634,298 11,077 Page 24 continued..
STAFFORD AND CANNOCK LEAGUE OF HOSPITAL FRIENDS NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE PERIOD I JANUARY 2023 TO 31 MARCH 2024 Motor vehicles Computer equipment Totals COST At l January 2023 Additions 22,995 20,203 1,045 894,976 78,865 At 31 March 2024 22,995 21,248 973,841 OEPRECIATION At l January 2023 Charge for year 5,749 7.186 12.845 5,701 67,842 14,931 At 31 March 2Q24 12.935 18,546 82,773 NET BOOK VALUE At 31 March 2024 10.060 2,702 891,068 At 31 December 2022 17,246 7,358 827,134 The above propertie5 are carried at C05t of £857,72712022 E791,4531 at 31 March 2024. Page 25 continued...
STAFFORD AND CANNOCK LEAGUE OF HOSPITAL FRIENDS NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE PERIOD I JANUARY 2023 TO 31 MARCH 2024 15. TANGIBLE FIXED ASSETS- CHARITY Fixture5 and fitting5 Freehold property Long leasehold COST At ljanuary 2023 Additions 157,155 634,298 66,274 18,486 11,545 At 31 March 2024 157,155 700,572 30,031 DEPRECIATION At l January 2023 Charge for year 9,434 1.338 At 31 March 2024 10,772 NET BOOK VALUE At 31 March 2024 157.155 700.572 19,259 At 31 December 2022 157,155 634,298 9,052 Molor vehicles Computer equipment Totals COST At l January 2023 Additions 22,995 20,203 1.045 853,137 78,864 At 31 March 2024 22,995 21,248 932,001 DEPRECIATION At l January 2023 Charge for year 5,749 7,186 12,844 5,701 28,028 14,225 At 31 March 2024 12,935 18,545 42,252 NET BOOK VALUE At 31 March 2024 10,060 2,703 889.749 At 31 Decembei 2022 17,246 7,359 825,110 The above properties are carried at cost of £857,72712022 £791,453) at 31 March 2024. Page 26 continued...
STAFFORD AND CANNOCK LEAGUE OF HOSPITAL FRIENDS NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE PERIOD I JANUARY 2023 TO 31 MARCH 2024 16. FIXED ASSET INVESTMENTS Stafford and Cannock League of Hospltal Friends owns the entire issued share capital1£3} of Cannock Chase Hospital Trading Limited via three nominees that are also Trustees of Stafford and Cannock League of Hospital Friends. Cannock Chase Hospital Trading Limited (company number 076987671 was incorporated in England and Wales and its principal business is the provision of a coffee bar at Cannock Chase Hospital, which supports the aims of the charity. Its registered office is Caxton House, North Walls, Stafford. England. 5T16 3AD. All profits are donated to the charitv. The subsidiary undertaking is included in the consolidated accounts of the charity. Summary of trading results 2024 2022 Turnover Expenditure 326,774 162.976 1336,90411188,9041 Profit 1110551 110,1301 125,9281 The assets and liabilities of Cannock Chase Hospital Trading Limited were: 2022 2022 Assets Liabilitie5 79.339 64,087 1188,92711163,5451 Net liabilities 1109.5881 199,4581 17. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Group 2024 Charity 2022 2024 2022 Trade debtors Other debtors Amounts owed by group undertaking5 Prepayments 115,045 9,720 73,438 7,223 113.576 9,720 157.686 12,243 293,225 72,416 6,426 138.197 11,118 228,157 12,243 137.008 11,118 91.779 Page 27 continued..-
STAFFORD AND CANNOCK LEAGUE OF HOSPITAL FRIENDS NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE PERIOD I JANUARY 20Z3 TO 31 MARCH 2024 18. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR Group 2024 Charity 2024 2022 2022 Trade creditors Other creditors VAT Pension creditor Accruals Deferred income 63,010 4,143 8,044 2,952 25,756 66,670 9,761 5,917 2,322 21,253 10,250 116,173 42,176 4,143 48,403 9,761 2,952 23,393 2,322 20,091 10,250 90,827 103,905 72,664 19. MOVEMENT IN FUNDS Net movement in fund5 At 31.4.24 At 1.1.23 Unrestricted funds Unrestricted fund Restricted fund 1,349,092 250,554 5,000 1,599.646 5,000 TOTAL FUNDS 1,349.092 255,554 1,604,646 Net movement in funds, included in the above are as follows= Incoming resource5 Resources expended Movement in funds Unrestricted funds Unrestricted fund 1,672,436 11.421,8821 250,S54 Restricted fund5 Restricted Fund 83,795 178,7951 5,000 TOTAL FUNDS 1,756,231 11,500,67 71 255,554 Unrestricted funds Supported housing - The provision of Supported housing for clients with suffer from montal illness. Hospltal cafes - Providing a range of retail services wiihin local hospitals within Cannock and Stafford. Restricted funds Housing I nReach Support services provided at various local wards to prepare clients for life outside of the hospital ward. Training 8rant- Grants received to subsidise staff training in a ranEe of skills. Page 28 continued..
STAFFORD AND CANNOCK LEAGUE OF HOSPITAL FRIENDS NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE PERIOD I JANUARY 2023 TO 31 MARCH 2024 19. MOVEMENT IN FUNDS- continued Comparatives for movement in funds: Balance at 1.1.22 Incoming funds Funds used Balance at 31.12.22 Tofal funds 1.199,550 1,240,509 {1,090.9671 1,349,092 Comparative net movement in funds, included in the above are a5 follows: Incoming resources Resources expended Movement in funds Unreslricted funds Unrestricted fund 1,203,759 11.054.217) 149,542 Restricted funds Restricted fund 36,750, 136,7501 TOTAL FUNDS 1,240,509 11.090,9671 149.542 Page 29 continued.
STAFFORD AND CANNOCK LEAGUE OF HOSPITAL FRIENDS NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE PERIOD I JANUARY 2023 TO 31 MARCH 2024 20. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING AcfiviTIES Group 2024 Charity 2024 2022 2022 Net movement in fund5 Add back depreciation charge Intorest Decrease / lincreasel in stocks Decrease / lincrea5el in debtors IDecreasel / increase in creditors 255,554 149.542 14,932 14.388 115.2831 13,7461 12,7261 18471 145,2291 142,5501 112,2691 53, 160 265,685 14,225 115,2831 175,467 12,345 13,7461 165,068} 118,1631 167,2801 41,579 Net cash used in operating activities 194,979, 169,947 181,396 158.365 21. OTHER FINANCIAL COMMITMENTS Contractual commitmen Is for the lease of housinE flats, operating premises and vehicle leases contracted for but not provided in the finènci31 statemenls amounted to E257,39312022 - £254, 1951 22. RELATED PARTY DISCLOSURES During the. ye.ar, Sambuck Liwited la business owned by Mrs Y Buckland, a Irusleo of Srafford and Cannock League of Hospltal Friendsl invoiced the charily £6,67312022 E5,1891 for consultancy work. The balance at 3 1 March 2024 was E3,96012022- £1,250). 23. PENSIONS AND OTHER POST-RETIREMENT 8ENEFIT5 The charity operates a defined contribution pension plan for its employees. expense in the period was £40, 10012022 - £26, 1491. The amount recognised as an Page 30 continued...
STAFFORO AND CANNOCK LEAGUE OF HOSPITAL FRIENDS NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE PERIOD I JANUARY 2023 TO 31 MARCH 2024 24. STATEMENT OF FINANCIAL ACTIVITIES- COMPARATIVE BY FUND TYPE 2022 Total funds Unrestricted fund Restricted fund INCOME AND ENDOWMENTS FROM Oonations and legacies 3,862 36,750 40.612 Charitable activitles Charitable activities 1,022,975 1.022,975 Other trading activities Investment income 173,176 3.746 173,176 3,746 Total 1,203,759 36,750 1,240.509 EXPENDITURE ON Charitable activities Charitable activitie5 Fundraising costs 898.466 155,751 36.750 935,216 155,751 Total 1.054,217 36.750 1,090,967 INCOME 149,542 149,542 RECONCILIATION OF FUNDS Total funds brought forward 1,199.550 1.199.550 TOTAL FUNDS CARRIED FORWARO 1,199.550 1,349,092 Page 31 continued...
STAFFORD AND CANNOCK LEAGUE OF HOSPITAL FRIENDS DEfAILEO STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD I JANUARY 2023 TO 31 MARCH 2024 2024 2022 INCOME AND ENDOWMENTS Donations and legacies Donations Grants 13,391 78,795 3,862 36,750 92.186 40,612 Other trading activities Fundraising events Coffee bar income Other income 5,000 326,774 14,396 162,976 10,200 346,L70 173.176 Investment income Interest receivable - trading 15,283 3,746 15,283 3,746 Charitable activities Property rental 1.302,59?. 1,022,975 Total incoming resources 1,756,231 1.240,509 EXPENDITURE Charitable activities Other operating leases Rale5 and water Light and heat Property repairs Furniture, fittings and refurbishment costs TV licence Grants to institutions 409,144 4,134 17,516 24.167 33,669 437 986 304.474 13,029 75,011 12,319 35,300 5,698 163 490,053 445,994 This page does not form part of the statutory financial statements Page 32
STAFFORD AND CANNOCK LEAGUE OF HOSPITAL FRIENDS DEfAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD I JANUARY 2023 TO 31 MARCH 2024 2024 2022 Raising funds Coffee bar direct costs 170,709 89,739 170.709 89,739 Support costs Management Wages Social security Defined contribution pension costs Other operating leases Light and heat Telephone Repairs and maintenance Fixtures & fittings Computer equipment Motor vehicles 505,116 36,367 40,101 51.676 7,691 13.158 15.184 2,044 5.702 7,186 341,862 26,183 26,149 27,252 3.524 8,233 15,579 6,017 2,622 5.749 684,225 463,170 Governance Accountancy Legal and professional fee5 18,092 24,394 20.650 15,464 42,486 36.114 Finance Office expenses Bank charges 28,923 10.075 16.080 5,163 38,998 21,243 Other Hire of equipment Motor expenses Employee travel expense5 Insurance Computer software and maintenance Bad debts Other expenses 1,327 4,417 11,070 9,636 8.261 27,789 11,706 1.235 4,428 7.018 3,273 S,955 5,962 6,836 74,206 34,707 Total resources expended 1,500,677 1.090,967 Net income 255,554 149,542 This page does not form part of the Statutory financial statements Page 33