REGISTERED COMPANY NUMBER: 02545804 (England and Wales) REGISTERED CHARITY NUMBER: 1001476 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR YEAR ENOED 31 MARCH 2025 FOR srAFFORD AND CANNOCK LEAGUE OF HOSPITAL FRIENDS Deans Chartered accountants Statutory auditor Gibson House Hurricane Court Hurricane Close Stafford ST16 IGZ
STAFFORD AND CANNOCK LEAGUE OF HOSPITAL FRIENDS CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page Report of the Trustees Report of the Independent Audltors 8 to 11 Consolidated Statement of Financial Actlvlties 12 Consolidated Balance Sheet 13 to 14 Consolldated Cash Flow Statement 15 Notesto the Flnancial Statements 16 to 31
STAFFORD AND CANNOCK LEAGUE OF HOSPITAL FRIENDS REPORTOF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The trustees who are a150 directors of the charity for the purposes of the Companie5 Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of 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 leffective l January 2019}. STRATEGIC REPORT STRucfuRE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companie5 Act 2006. REFERENCE AND ADMINISTRATIVE DETAILS ReOstered Company number 02545804 IEngland and Wales) Reglstered Charity nurnber 1001476 Registered office l Eastgate Street Stafford ST16 2NQ Trustee5 Mr H T Bould Construction Manager Mrs Y A Buckland Semi Retired Mr J A Day Retired Lecturer MrMCFHill Mrs C A Holdcroft Retired Mrs V Jones Retired Director Of Nursing Mrs D J Moores Retired Ahp Lead Mrs W Powell Retired Mr5 J Landi¢k Retired Mr R C Crookshank (appointed 06.02.2025} Mr l K Hlnton (appointed 03.02.20251 Company Secretary Mrsj K Landick Page I
STAFFORD AND CANNOCK LEAGUE OF HOSPITAL FRIENDS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 REFERENCE AND ADMINISTRATIVE DETAILS Auditors Deans Chartered accountants Statutory auditor Gib50n House Hurricane Court Hurricane Close Stafford ST16 IGZ The Trustees have pleasure in presenting their annual report together with the consolidated financial statements of the charity and its subsidiary for the year ended 31 March 2025 which are also prepared to meet the requirements for directors, report and accounts for Companies Act purpose5. 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 Commissioners (having attached to it the financial statement of accounts for such financial year), The Trustees have also taken account of the Charity Commissioners, Statement cf Recommended Practice ISORP FR51021 in respect of making this report. Objertlves and activities A major part of the organi5aticn's role is housing vulnerable people and this is achieved by property rental and a portfolio of owned properties. Thi5 allows the organisation to house individuals with needs that meet the objectives of the charity which include mental health, offending history and vulnerability. There is a direct link between the hospitals and a public benefit by the organisation offering supported housing to these individuals. Alms of the organisatlon 11 Provide housing to vulnerable individuals with mental health and addiction issues. 21 Provide support and a service to patients and their families providing healthy choices via our catering outlets at local hospitals in 5tafford and Cannock 31 Helping individuals to get back into employment by raising their Self -esteem. 41 Ensuring healthy choices are always available at any catering outlet we support as an organisation, along with support and encouragement. Strategies 11 The charity works with Housing Benefit. Stafford Borough Councll, 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 regarding 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 servlce to our local hospitals. 41 Providing supported housing to indlviduals 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 inpatlents at Midlands Partnership NHS Foundation Trust to Support them to move onto supported housing. Page 2
STAFFORD AND CANNOCK LEAGUE OF HOSPITAL FRIENDS REPORTOF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Achievements and performance Whilst the League struggled the previous year to meet its Business Plan target for properties. due to circumstances beyond its control, it has now exceeded that target with the potential to surpa55 next year. The impact for strategic direction for the League nearing a major threshold will be discussed at the Annual Trustee Away Day. The League continues to achieve a surplus and has healthy reserves with investments making 3 reasonable return. The League now owns 12 propertie5 and the benefits, costs and risks of further purchases are kept under review. The footfall for the Friend5 Cafe at Cannock Hospital conlinued to increase and as predicted has now achieved a surplus with the Cook Chill Meals well established. An income generation scheme of selling Greetings Cards has recently been introduced although it is too early to measure impact. The Coffee Bar footfall remains poor however it is felt that its location and proximity to the waiting rooms to Outpatients waiting area, provides a social Eood benefit and enhances the relationship with the hospital. This decision will be kept under review by the Board. OF the four League Catering Outlets, the Friends Café remains the most successful although 5tafford Coffee Bar and St George's Coffee Bar are now showing a break-even position. The change from deficit for St George's Coffee Bar from last year is due to a change in regulation from disP05able to reusable vaping products with the League managing to secure a profitable contract with 3 Supplier. The Fundraising Working Group continued to be very active with their stall at Penkridge Market, bucket collections at supermarkets and also supported the Cannock Rotary Club Father Xmas Collection at Tesco in Heath Hayes. Once again, they have well exceeded their target of £7,000 successfully with a total of E9,246.70 target for nexr year remains at £7,000. The "Meet and Greet" role established for the volunteers at Cannock Hospital has been very successful demonstrated by the numbers and high satisfaction levels recorded. An initial social media strategy has been developed and we are seeing a substantial increase in the nurnber of posts submitted by the League with the response growing steadily. Further development of the League image with other media outlets such as the local press is planned. Two new trustee5 have jolned the League who have skills and experience identified as deficient in the Board membership; Richard Crookshank in property purchase and lan Hinton in media and marketing respectively are welcome additions to the Board. Following the strategic actions agreed at the Trustee Away Day an organisational review of the League structure and capacity was undertaken to meet current and future expansion. This included the Finance Department following the decision of the League's Treasurer to stand down from the paid p05t of Accountant, although pleased to report that she will continue as the Treasurer ta have strategic oversight of financial i5sue5. The new Head of Finance brings a range of financial and business skills from his experience in commerce 2nd will be an 355et to the League. We continue to use the Charity Commission'5 Governance Code Framework to audit the level of Complian and identify any gaps in our governance Structure and systems. Thi5 is reported to the 8oard through the Governance Committee. The new Company Secretary conducted an independent review which she concluded the League compliance a5 being good. The Chief Executive and the Housing Team continue to develop the Supported Housing Service through Inreach and Outreach Services. However, the development of those additional services, previously unique, have been a double- edged sword with the League staff being actively recruited by the Trusts to deliver them inhouse. The charity retains its preferred provider status with Local Authority Housing Departments, the main funding partners and we remain committed to demonstrating a "value for money" philosophy whilst providing the highest level of support to the residents. There is a potential risk however to this relationship from the changes due to occur with the Governmenys plan5 for devolution. Page 3
STAFFORD AND CANNOCK LEAGUE OF HOSprrAL FRIENDS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 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, trustees and volunteers and this is reviewed regularly and forms a part of the Board Report. Training and staff appraisal record5 for all staff are maintained and reviewed throughout the year with the achievement target reported quarterly to the Board along with other Key Performance Indicators. New training has been provided in response to the requirement to undertake regular Mould risk assessments following the tragic child death in Rochdale. Flnancial Review The financial statements 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 statements con501idate the results of Stafford and Cannock League of Hospital Friends and its trading subsidiary. Funds in the charity have increased to £1,817,558 from £1.604,646. Rental income has decreased from £1,302,592 to £1.253,403 in the year, The trading subsidiary, Cannock Chase Trading Limited, operates coffee bars and a cafe in the local hospitals. During the year the charity achieved income of £1.679,55612024 - £1.756,231} with expenditure of £1,466,64412024 - £1,500.677). Thus, decreased the surplus of the charity to £212,912 (2024 - £255,5541. Reserves Policy It is a policy of the 8oard to hold unrestricted reserves equal to five months of operating expenditure. It is Judged that the five months reserves is sufficient to maintain operations should a shortfall in income arise and to cover risks and contingencies that would require an outlay of expenditure above a normal level. For reserves in excess of the reserves policy, the Trustees will assess the optimal usa8e of these funds to enable the charity to maximise its benefits. The charities total reserves of £1,817,55812024 - £1.604.6461 at the year-end were in exces5 of five months. worth of operating expenditure. Grant Making Policy The charity gives donations to County Hospital, St George's Hospltal in Stafford and Cannock Chase Hospital. The hospitals do inform the League of Friends what projects they would like the donation to go towards. If the donation is £I.000 or less it is approved by the Chief Executive, however if the donation is over £1,000 then approval is needed from the Chairman and Treasurer. All donation5 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. Thls was covered earlier in this report. Investment Powers 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 return5 from the Charity'5 cash reserves. Pa8e 4
STAFFORD AND CANNOCK LEAGUE OF HosprrAL FRIENDS REPORTOFTHE TRUSTEE5 FOR THE YEAR ENDED 31 MARCH 2025 Governance and Management Structure The charity is a company limited by guarantee and is managed by its trustees. The trustees are its Dirertors for the purposes of company law. The governing docurnent is the Memorandum & Articles of A55ociation reviewed and dated June 2021. It is reEistered a5 a charity with the Charity Commission. The current trustees of the charity are listed in the reference and administrative inforrnation on page l. The Board of Trustees meet regularly and hove no beneficial interest in the charity. The power of appointing new trustees is vested in the Board, composed of existing trustees. Board Sub Committees have been set up and these Committees report back to the Board ofTrustees. Key Personnel are the people with the authority and responsibility for planning, directin8, 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 Charlties Act 2011 to have due re8ard to the guidance published by the Charity Commission in relation to the public benefit of the charity. Induction and Tralnlng of Trustees The Trustees are cornmitted to the provision of a high quality service to all customers. Against this commitment, thev see the recruitment, selection and induction of all Trustees as a vital issue. It is acknowledged that we work and live in diverse societyi 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's Secretary. There is a League Carbon Redurtion Strategy and Action Plan which 15 reported to Governance Committee and Board. Risk Management There is a Governance Assu rance Framework and an active Risk Register which is sent to the 8oard of Trustees on a bi- monthly basis highlighting any current I new risks. The charity is continuing with the policy of purchasing accommodation due to the potential impact on housing benefits, in the future making the League less reliant on landlords for accommodation. It h35 been agreed that this can flex from one to two bedded accommodation dependant on the offer available. The number of tenants 15 in line with the adjusted Business 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 Charlty- The League has a strategic business plan in place agreed by the Board of Trustees which has been reviewed by the Board in May 2025. Page 5
STAFFORD AND CANNOCK LEAGUE OF HOSPITAL FRIENDS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Related Partles Nelther 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 hospitals. Mr H T Bould, Mrs Y A Buckland and Mrs K Landick, all of whom are trustees of Stafford and Cannock League of Hospital Friend5 and are Directors and Shareholders las nominees1 of Cannock Chase Hospital Trading Limited. They have a8reed that any profit made by the company will be glft aided to the charity. From l January 2019, the Coffee Bar5 at County Hospital and St George's Hospital, Stafford have traded through Cannock Chase Hospital Trading Limited. The results from the trading subsidiary are consolidated into the financial statements of the charity. Indemnity Insurance The charity has within its general insurance policy cover to indemnify the trustee5 agalnst 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 10}. Statement of Trustee5' responslblllties The trustees (who are also the directors of Stafford and Cannock League Of Hospital Friends for the purpose5 of company lawl are responsible for preparing the Report of the Trustees and the financlal statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted AccountSng Practice). Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements. the trustees are required to select suitable accounting policie5 and then apply them consistentlv,. observe the methods and principles in the Charlty SORP- make judgements and estimates that are reasonable and prudent: prepare the financial statements on the going concern basis unless it 15 inappropriate to presume that the charitable company will continue in buslne55. Page 6
STAFFORD AND CANNOCK LEAGUE OF HOSPITAL FRIENDS REPORT OF THE TRUSTEES FOR THE YEAR ENDEO 31 MARCH 2025 The trustees are responsible for keeping proper accounting records which disc105e 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 auditors, 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 9.1.. I zl..2S and signed on the board's behalf by: V Jones-Tru5tee Page 7
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF STAFFORD AND CANNOCK LEAGUE OF HosprrAL FRIENDS Opinion We have audited the financlal statements of Stafford And Cannock League Of H05Pltal Friends Ithe 'parent charitable company'l and its subsidiaries (the 'group'l for the period ended 31 March 2025 which comprise the Consolidated Statement of Financial Activitie5, 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 thelr preparation is applicable law and United Kingdom Accounting Standards. including Financial Reporting 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 31 March 2025 and of the group's incoming resources and application of resources, includin8 Its income and expenditure. for the period then ended,. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice- and have been prepared in accordance with the requirements of the Companies Act 2006 and the Charities Act 2011. Basls lor oplnlon We conducted our audlt in accordance with International Standards on Auditing IUKI11SAs IUKII and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibillties for the audit of the rinancial statements section of our report. We are independent of the charitable company in accordance with the ethical requlrements that are relevant to our audit of the financial statements in the UK, Including the FRC'S 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 to provide a basis for our opinion. Con¢luslons relating to going concern In auditing the financial statements, we have concluded th3t the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditlons that, individually or collectively, may cast significant doubt on the charitable company'5 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 sertions of this report. Other Informatlon The trustees are responslble 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 opinlon on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated In our report, we do not expres5 any fomi of assurance concluslon thereon. In connection with our audit of the financial statements. our responsibility is to read the other information and, in doing 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 inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to 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 requlred to report that fact. We have nothin8 to report in this regard. Pa8e 8
REPORT OF THE INDEPENDENT AUDITORSTO THE TRUSTEES OF STAFFORD AND CANNOCK LEAGUE OF HOSprrAL FRIENDS Matters on which we are required to report by exception We have nothing to report in respect of the following matters where the Charities (Accounts 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 a8reement with the accounting records and returns; or we have not received all the information and explanations we require for our audit. Responsibilftles of trustees As explained more fully in the Statement of Trustees, Responsibilities, the trustees Iwho are also the directors of the charitable company for the purposes of eompany lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of flnancial statements that are free from material misstatement, whether due to fraud orerror. In preparing the flnancial statements, the trustees are responsible for assesslng the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basi5 of ac¢ounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Pa8e 9
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF STAFFORD AND CANNOCK LEAGUE OF HOSPITAL FRIENDS Our respon5ibilftles for the audit of the flnancial statements We have been appointed as auditors under Section 151 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effert thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as 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 high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material If, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We desi8n pro¢edures in line with our responsibilities, outlined above, to detect materièl misstatements in respect of irregularities. including fraud. 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 discussion5 of non- compliance,. Communication with management before. during and after the audit fieldwork to confirm instances of non- compliance,. Auditing the risk of management override of controls, including through testlng journal entries and other adjustments for appropriateness, and evaluation of the business rationale of significant transactions outside the normal course of business,. Reviewing financlal statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial 5t3tements, 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 involve5 intentional concealment, for8ery, collusion. omission or misrepresentation. A further description of our responsibi1Sties for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uklauditorsresponsibilities. This description forms part of our Report of the Independent Auditors. Page 10
REPORTOF THE INDEPENDENT AUDITORSTO 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, a5 a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken 50 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 purpose. 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 Gib50n House Hurricane Court Hurricane Close Stafford ST16 IGZ Date: ...-..- q.l.1212< Pa8e 11
STAFFORD AND CANNOCK LEAGUE OF HOSPITAL FRIENDS CONSOLIDATED STATEMEMf OF FINANCIAL ACTIVITIES (INCORPORATING CONSOLIDATED INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025 2025 Total f unds 2024 Total funds Unrestricted fund Restricted fund Notes INCOME AND ENDOWMENT5 FROM Donations and legacies 9,680 72,888 82,568 92.186 Charftable activitie5 Charitable activities 1,253.403 1.253,403 1,302,592 other tradlng activities Investment income 325.171 18,414 325,171 18,414 346,170 15,283 Total 1,606,668 72,888 1.679,556 1,756,231 EXPENDITURE ON Charitable activities Charitable activities Fundraisin8 Costs 1,117,396 271,360 77,888 1,195,284 271,360 1,222,433 278,244 Total 1.388.756 77,888 1,466,644 1,500.677 NET INCOME Transfers between funds 217.912 17.1341 15,000} 7,134 212,912 255,554 19 Net movement In funds 210,778 2,134 212,912 255,554 RECONCILIATION OF FUNDS Total funds brought forward 1.599.646 5,000 1,604,646 1,349.092 TOTAL FUNDS CARRIED FORWARD 1.810,424 7,134 1.817,558 1.604,646 The notes form part of these financial statements Page 12
STAFFORD AND CANNOCK LEAGUE OF HOSPITAL FRIENDS CONSOLIDATED BALANCE SHE 31 MARCH 2025 Group 2025 Charity 2024 2025 2024 Notes FIXED ASSETS Tangible assets Investments 15 16 973,488 891,068 968,751 889,749 973.488 891.068 968,751 889.749 CURRENT ASSETS Stock Debtors Cash at bank and in hand 5.885 121,463 822,546 7,015 137,008 673,460 17 287,113 749,471 293.225 603,924 949,894 817,483 1,036,584 897,149 CREDITORS Amounts falling due within one year 18 (105,8241 1103,9051 178.2701 172.6641 NET CURRENT ASSETS 844,070 713,578 958,314 824,485 TOTAL AsSs LESS CURRENT LIABILITIES 1,817.558 1,604,646 1,927,065 1,714,234 NET ASSErs 1,817,558 1,604.646 1,927,065 1,714,234 FUNDS Unrestricted funds: Unrestricted fund Restricted funds: Restricted funds 19 1.810.424 1,604.646 1,919,931 1,714,234 7,134 7,134 TOTAL FUNDS 1,817,558 1.604,646 1.927,065 1,714,234 The charitable Company is entitled to exemption from audit under Section 477 of the Companles Act 2006 for the period ended 31 March 2025. The members have not deposited notice. pursuant to Section 476 of the Companies Ad 2006 requirlng an audit of these financial statements. The trustees acknowledge their responsibilities for ensurin8 that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companles Act 2Q06 and preparing financial statements which give a true and fair vlew of the state of affairs of the charitable companv as at the end of each financial year and of its surplus or deficlt for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply wlth the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable companv. These financial statements have been audited under the requirements of Section 145 of the Charitie5 Act 2011. Ibl The notes form part of these financlal statement5 Page 13
STAFFORD AND CANNOCK LEAGUE OF HosprrAL FRIENDS CONSOLIDATED BALANCE SHEET- continued 31 MARCH 2025 The financial statements were approved by the Board of Trustee5 and authori5ed for issue on q.1. ! Z.l.Z.¥................ and were signed on it5 behalf by- V Jones - Trustee The notes form part of these financial Statements Page 14
STAFFORD AND CANNOCK LEAGUE OF HOSPITAL FRIENDS CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025 Group 2025 Charity 2025 Note 2024 2024 Cash flow from operating activities 20 224,772 194,979 216.547 181,396 Net cash flow from operating artlvities 224,772 194,979 216,547 181,396 Cash flow from InvestSng activities Interest Purchase of tangible fixed assets Net cash flow from investing actlvltles 18,414 15.283 18,414 15,283 194,1001 175,6861 178,8651 163,5821 (89,4141 171,0001 178,8641 163.5811 Net increase/ Idecrease} in cash and cash equivalents 149.086 131,397 145,547 117,815 Cash and cash eqvivalents brought forward 673,460 542,063 603,924 486,109 Cash and cash carried forward 822,546 673,460 749,471 603,924 Cash and cash equivalents conslsts of: Cash at bank and in hand 822,546 673.460 749,471 603,924 Cash and cash equlvalents at 31.03.2025 822,546 673,460 749,471 603,924 The note5 form part of these financial statements Page 15
STAFFORD AND CANNOCK LEAGUE OF HOSPITAL FRIENDS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 STATUTORY INFORMATION The charity is a company limited by guarantee. The members of the company are the trustees named on page l. The registered off ice address is l Eastgate Street, Stafford, ST16 2NQ. ACCOUNTING POLICIES Basls of preparlng the financial statements Stafford and Cannock League of Hospital Friends 15 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 address of the registered office 15 given in the charity information on page l of these financial Statements. The nature of the charity'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 Ac¢ountin8 and Reporting by Charities.. Statement of Recommended Practice applicable to charitles preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland leffective l January 20191, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 102}, the Charities Act 2011. the Companies Act 2006 and UK Generally Accepted Accounting Practice. The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certaln items at fair value. The financial statements are presented in sterllng which is the funrtional currency 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 con51Stently applied to all years presented unless otherwise stated. Income recognitlon All Sncoming resources are included in the Statement of Financial Activitles ISOFAI when the charity is legally entitled to the income after any performance 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 performance before entitlement can be obtained, then income is 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 facilitles and donated professional services are recognised 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, Annual 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..
srAFFORD AND CANNOCK LEAGUE OF HOSPITAL FRIENDS NOTESTO THE FINANCIALSTATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES - continued Intome recognltion Income from trading activitie5 includes income earned from fundralsing events and trading activities to ralse funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised 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 re¢eived, and the amount can be measured reliably. If entitlement Is not met, then these amount5 are deferred. Investment Income is earned through holding assets for investment purpose5 such as shares and property. It includes dividends, interest and rent. Where it is not practicable to Identify investment management costs incurred wlthin 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. Expenditure recognltlon All expenditure is accounted for on an accruals basis and has been classified under headings that agEregate all costs related to the category, Expenditure is recognised where there is a legal or constructive obligation to make payments 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 costs of commercial trading including fundraising expenditure and property rental costs. Expenditure on charitable a¢tivities includes grants payable in furtherance of the charity's objects, management, administration and governance. Other expenditure represents those items not falling Into the categories above, Irrecoverable VAT is charged as an expense a8ainst the actlvity for which expenditure arose, Support Costs allocation Support cost5 are those that assist the work of the Charity but do not directly represent charitable activities and include office costs, governance costs, admini5tratlve 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 attrlbuted to particular headings, they have been allocated to cost of raising funds and expenditure on charitable artivltles on a basis consistent with use of the resources. The analysis of these costs is included in note 10. Tanglble fixed assets Tangible fixed assets are stated at cost lor deemed costl or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs 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 residual value, of each asset on a systematic basis over it5 expected useful life as follows: Page 17 continued...
STAFFORD AND CANNOCK LEAGUE OF HOSPITAL FRIENDS NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES- continued Tanglble flxed assets Freehold property Long Leasehold property Fixtures & fitting5 Motor vehicles Computer equipment not provlded not provided 10-15% on c05t -250A on cost 25% on cost Investment5 in 5ubsldiaries Investments in subsidiary undertakings are recognised at cost. Taxation The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and 15 considered to pass the tests set OLJt in Paragraph I Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purpose5. Funds Unrestrirted funds are available for use at the discretion of the trustee5 in furtherance of the Eeneral objectives of the charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donor5 or which have been raised by the charity for specific purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Leases Renta15 payable and receivable under operating leases are charged to the SOFA on a straight-line basis over the period of the lease. Employee benefit5 When employees have rendered seiCe 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 def ined contribution plan for the benefit of its employee5. Contributions are expended as they become payable. Going Concern The financi31 statements have been prepared on a goin8 concern bzsis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statement5. 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- contlnued FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES- continued Debtors and creditors receivable / payable wlthin one year Debtors and creditar5 Wlth no stated interest rate and receivable or payable within one year are recorded at tran53Ction price. Any losses arising from impairment are recognised in expenditure. Stock Stock is included at the lower of cost or net realis3ble value. Provision is made for damaged. obsolete and slow-moving stock where appropriate. DONATIONS AND LEGACIES 2025 2024 Donations Grants 9,680 72,888 13,391 78.795 82,568 92,186 Income from donations. legacies and grants was £82,56812024 - £92,186) of which £72.888 {2024 - £78.7951 was attributable to restritted funds and £9,680 {2024 - £13,391) was attributed to unrestricted reserves. Restricted grants received, included in the above. are as follows: 2025 2024 Housing/Forensic InReach Training Ukraine Project 72,888 78,295 soo 72.888 78.795 Page 19 continued...
STAFFORD AND CANNOCK LEAGUE OF HOSPITAL FRIENDS NOTE5 TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 OTHER TRADING ACTIVITIES 2025 2024 Fundraising events Coffee bar income Other income 164 324.714 293 5,000 326,774 14,396 325,171 346.170 Income from other trading activities was £325,171 12024 - £346,170) of which £nil 12024 - £5.0001 was restricted. INVESTMENT INCOME 2025 2024 Interest receivable tradin8 18,414 15,283 Income from investment income was £18,414 12024 £15,283) of which all was attributed to unrestrieced reserves. INCOME FROM CHARITABLE AcfiviTIES 2025 2024 Property rentsl Chaiitable activities 1.253,403 1.302,592 Income from charitable activities was £1.253.403 12024 £1.302,5921 of which all was attributed to unrestricted reserves. CHARITABLE A1VITIEs COSTS Grant funding of activities (see note Direct Costs (see note 8) Support costs {see note 10} 91 Totals Charitable activities Fundraising costs 442,323 167,017 4,242 748,719 104,343 1.195,284 271.360 609,340 4,242 853.062 1.466,644 Page 20 continued..
STAFFORD AND CANNOCK LEAGUE OF HOSPITAL FRIENDS NOTES TO THE FINANCIAL STATEMENTS - Contlnued FOR THE YEAR ENDED 31 MARCH 2025 DIRECT COSTS 2025 2024 CHARITABLE ACTIVITIES Other operating leases Rates and water Light and heat Property repairs Furniture, fittings and refurbishment costs TV licence 368,678 531 15,938 18,403 38,444 329 442,323 409.144 4.134 17,516 24.167 33,669 437 489.067 FUNDRAISING COSTS Coffee bar direct costs 167.017 170.709 6Q9,340 659,776 Of the total direct costs, £56,84712024- £46,795) was restricted. GRANTS PAYABLE 2025 2024 Charitable activities 4.242 986 The total grant5 paid to institutions during the year was as follows: 2025 2024 St George's Hospltal Cannock hospital General donation 254 1.410 2.578 986 4,242 986 Amounts pald and committed total £4,242 {2024 £986} and Include St Georges Hospital £254 (2024 £9861 and Cannock Hospltal £1.41012024 - £nil), io. SUPPORT COSTS Management Finance Governance Other Totals Charitable activities Fundraising costs 629,284 90.534 24,082 9.598 38,966 803 56,387 3,408 748,719 104,343 719,818 33,680 39,769 59,975 853,062 P3ge 21 continued.
STAFFORD AND CANNOCK LEAGUE OF HOSPITAL FRIENDS NOTES TO THE FINANCIAL STATEMENTS - Continued FOR THE YEAR ENDED 31 MARCH 2025 io. SUPPORT COSTS- continued Of the total support costs, £21,1)41 {2024 - £32,538) was restrlcted. GOVERNANCE COSTS 2025 2024 Accountancy including 3uditors remuneration Legal & professional fees 17,849 21,920 18,092 24,394 39,769 42,486 Support Costs, included in the above, are as follows: 2025 Total activities 2024 Total activities Charitable activities Fundraising cost5 Wages Social security Defined contribution pension cost5 Other operating leases Light and heat Repairs and maintenance Depreciation of tangible assets Telephone Office expenses Bank charges Hire of equipment Accountancv Legal and professional fees Motor expenses Employee travel expenses Insurance Computer software and maintenance Bad debts Other expenses 474.732 36.093 34.364 46,410 3,666 13.107 10,413 10,499 21.979 2,103 76,586 3,748 7,049 551.318 39.841 41,413 46,410 3.666 14,990 11,681 10,499 22,192 11.488 2,778 17,849 21,920 2,640 11,834 13,457 12.146 13,126 3,814 505,116 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 1,883 1,268 213 9,385 2,778 803 17.046 21.920 2,640 11.412 13.457 12,146 13,126 3,606 422 208 748.719 104,343 853,062 839,915 Page 22 continued...
STAFFORD AND CANNOCK LEAGUE OF HOSPITAL FRIENDS NOTES TO THE FINANCIAL STATEMENTS- Contlnued FOR THE YEAR ENDED 31 MARCH 2025 ii. NET INCOfvJE/(EXPENDITURE) Net incomellexpenditurel is stated after chargin{¢rediting)- 2025 2024 Depreciation - owned assets Other operating leases Auditor's fee Accountancy fees Defined contribution penslon costs 11,681 368,678 14,490 1,218 41,412 14,931 409,144 13,800 1,105 40,100 12. TrUSTEES' AND KEY MANAGEMENT PERSONNEL REMUNERATION AND BENEFITS The trustees neither received nor waived any remuneration during the year12024 - £nill. The total amount of employee benefits received by key management personnel is £60,43912024- £66.9131. The trustees consider its key manaBement personnel comprlse solely the Chief Executive. Trustees, expenses During the year, travel expenses were reimbursed to 212024- 2} trustees amounting to £73912024 - £7361. 13. STAFF COSTS 2025 2024 Wages and salaries Social security Defined contribution pension costs 551.318 39,841 41,413 505.116 36.366 40.100 632,572 581.582 The average monthly number of employees during the year was as follows: 2025 2024 Raising funds Charitable actlvities Governance 21 16 28 23 112024- 11 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- contlnued FOR ThE YEAR ENDED 31 MARCH 2025 13. STAFF COSTS- continued Totsl redundzncyl termination payments amount to £34,66412024- £nil). 14. AUDITOR'S REMUNERATION 2025 2024 Auditor's remuneration is as follows- Audit fees All other non-audit services Total fees 14,490 1.218 15,708 13,800 1,¢)05 14,805 15. TANGIBLE FIXED ASSETS- GROUP Fixtures and fittings Freehold property Long leasehold COST At l April 2024 Additlons 157,155 700,572 86,949 71,871 4,686 At 31 March 2025 157,155 787,521 76,557 DEPRECIATION At l April 2024 Charge for year 51,292 4,002 At 31 March 2025 55.294 NET BOOK VALUE At 31 March 2025 157.155 787,521 21.263 At 31 March 2024 157.155 700,572 20.579 Page 24 continued...
STAFFORD AND CANNOCK LEAGUE OF HOSPITAL FRIENDS NOTES TO THE FINANCIAL STATEMENTS - continued FOR ThE YEAR ENDED 31 MARCH 2025 Motor vehicles Computer equipment Totals COST At l April 2024 Additions 22.995 21.248 2,465 973.841 94,100 At 31 March 2025 22,995 23,713 1,067,941 DEPRECIATION At l April 2024 Charge for year 12,935 5,748 18,545 1,931 82,773 11,681 At 31 March 2025 18,683 20,476 94,454 NET BOOK VALUE At 31 March 2025 4,312 3.237 973.488 At 31 March 2025 10,060 2,703 891,068 The above properties are carried at cost of £944,676 (2024 - £857,727) at 31 March 2025. Page 25 continued..
srAFFORD AND CANNOCK LEAGUE OF HOSPITAL FRIENDS NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH Z025 15. TANGIBLE FIXED ASSETS- CHARITY Fixtures and fittings Freehold property Long leasehold COST At l March 2024 Additions 157,155 700,572 86,949 30,031 At 31 March 2025 157,155 787,521 30,031 DEPRECIATION At l March 2024 Charge for year 10,772 2,733 At 31 March 2025 13,505 NET BOOKVALUE At 31 March 2025 157,155 787.521 16,526 At 31 December 2024 157.155 700,572 19,259 Motor vehicles Computer equipment Totals COST At l March 2024 Additions 22,995 21,248 2,465 932,001 89,414 At 31 March 2025 22.995 23,713 1.021,415, DEPRECIATION At l March 2024 Charge for year 12,935 5.748 18.545 1.931 42,252 10,412 At 31 March 2025 18.683 20.476 52,664 NET BOOK VALUE At 31 March 2025 4,312 3.237 968.751 At 31 March 2024 10,060 2,703 889,749 The above properties are carried at cost of £944,67612024 - £857.7271 at 31 March 2025. Page 26 ontinued...
STAFFORD AND CANNOCK LEAGUE OF HOSPITAL FRIE14DS NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 MARCH 2025 16. FIXED ASSET INVESTMENTS Stafford and Cannock League of Hospital Friends owns the entire issued share capital 1£3) of Cannock Chase Hospital Tradlng Limited via three nominees that are also Trustee5 of Stafford and Cannock League of Hospital Friends. Cannock Chase Hospital Trading Limited Itompany 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 15 1 Eastgate Street. Stafford, England, ST16 2NQ. All profits are donated to the charity. The subsldiary undertaking is included in the consolidated accounts of the charity. Summaryof trading results 2025 2024 Turnover Expenditure 324.863 326.774 1324.78211336,9041 Profit / Ilossl 81 110,1301 The assets and liabilities of Cannock Chase H05Pltal Trading Limited were: 2025 2024 Assets Liabilities 86.516 79,339 1196.02311188.9271 Net liabilitie5 1109.50711109,5881 17. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Group 2025 Charity 2025 2024 2024 Trade debtors Other debtors Amounts owed by group undertakings Prepayments 98.533 11.793 115,045 9,720 95.714 11,793 168,469 11,137 287,113 113,576 9,720 157,686 12.243 293,225 11,137 121,463 12,243 137,008 Page 27 ontinued.
STAFFORD AND CANNOCK LEAGUE OF HOSPITAL FRIENDS NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 18. CREDITORS: AMOUNTS FALLING DUEWITHIN ONE YEAR Group 2025 Charity 2025 2024 2024 Trade creditors other creditors VAT Pension creditor Accruals 49.337 14.386 8.191 4,453 29.457 105.824 63,010 4,143 8,044 2,952 25.756 103,905 32.313 14,386 42,176 4,143 4,453 27,118 78.270 2,952 23,393 72,664 19. MOVEMENT IN FUNDS Net movement in funds Transfer5 between funds At 31.3.25 At 1.4.24 Unrestrirted funds Unrestricted fund 1,599,646 217,912 17,1341 1,810,424 Restricted funds Restricted fund 5,000 15,0001 7,134 7,134 TOTAL FUNDS 1,604.646 212,912 1,817,558 Net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds Unrestricted fund 1,606,668 11,388,7561 217,912 Restrlcted funds Restrirted fund 72,888 177,8881 {5,0001 TOTAL FUNDS 1,679,556 11,466,644) 212,912 Unrestricted funds Supported housing- The provision of supported housing for clients with suffer from mental illness. Hospital cafes- Providing a range of retail services within local hospitals within Cannock and Stafford. Restrlcted funds Housing InReach- Support services provided at various local wards to prepare clients for life outside of the hospital ward. Training grant- Grants received to subsidise staff training in a range of skills. Page 28 continued...
STAFFORD AND CANNOCK LEAGUE OF HOSPITAL FRIENDS NOTES TO THE FINANCIAL STATEMENTS - Contlnued FOR THE YEAR ENDED 31 MARCH 2025 19. MOVEMENT IN FUNDS- tontlnued Comparatives for movernent in funds: Balance at 1.1.23 Incoming fund5 Funds used Balance at 31.3.24 Total funds 1.349,092 1,756,231 11,500.6771 1,604.646 Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds Unrestricted fund 1,672.436 11,421.882} 250,554 Re5trirted funds Restricted fund 83.795 178,7951 5,000 TOTAL FUNDS 1,756,231 11.500,6771 255,554 Pa8e 29 continued...
STAFFORD AND CANNOCK LEAGUE OF HOSPITAL FRIENDS NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 20. RECONCILIATION OF NET INCOME TO NETCASH FLOW FROM OPERATING ACTIVITIES Group 2025 Charity 2025 2024 2024 Net movement in funds Add back depreciation charge Interest Decrease I (increase) in stocks Decrease I (increase) in debtors IDecreasel l increase in creditors 212,912 255,554 11.681 14,932 118,4141115,2831 1,130 12.7261 15,544 145.2291 1,919 112.2691 212,831 10,412 118,4141 265,685 14,225 115,283} 6,112 15,6061 165,068} 118,163} Net cash used in operating artivities 224.772, 194,979 216,547 181,396 21. OTHER FINANCIAL COMMITMENTS Contractual commitments for the lease of housing flats. operating premises and vehicle leases contracted for but not provided in the financial Statements amounted to £431,84312024 - £257,393). 22. RELATED PARTY DISCLOSURES During the year, Sambuck Limited la busine55 owned by Mrs Y Buckland, a trustee Df Stafford and Cannock League of Hospital Friends) invoiced the charity £5,49012024 - £6,673) for consultancy work. The balance at 31 March 2025 was £2,74912024- £3,960). PENSIONS AND OTHER POST-RETIREMENT BENEFITS The charity operates a defined contribution pension plan for its employees. The amount reco8nised as an expense In the period was £41,41212024- £40,100). Page 30 continued..
STAFFORD AND CANNOCK LEAGUE OF HOSPITAL FRIENDS NOTES TO THE FINANCIAL STATEMENT5 - continued FOR THE YEAR ENDED 31 MARCH 2025 24. STATEMENT OF FINANCIALAcrivrriES-COMPARATIVE BY FUND TYPE 2024 Total funds Unrestricted fund Restricted fund INCOME AND ENDOWMENTS FROM Donations and le8acie5 3,862 36.750 40,612 Charitable artivltles Charitable artivities 1,022.975 1,022.975 Other tradlng 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 activities Fundraising costs 898,466 155,751 36.750 935.216 155,751 Total 1,054,217 36,750 1,090,967 NET INCOME 149.542 149.542 RECONCILIATION OF FUNDS Total funds brought forward 1,199,550 1,199,550 TOTAL FUt4DS CARRIED FORWARD 1,349,092 1,349,092 Page 31 continued..
STAFFORD AND CANNOCK LEAGUE OF HOSPITAL FRIENDS DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 INCOME AND ENDOWMENTS Donatlons and legacies Donations Grants 9,680 72,888 13,391 78.795 82,568 92,186 Other trading actlvities Fundraising events Coffee bar income Other income 164 324,714 293 5.000 326.774 14,396 325.171 346.170 Investment Income Interest receivable trading 18,414 15,283 18,414 15.283 Charitable artlvltles Property rental 1,253,403 1,302,592 Total incoming resource5 1,679,556 1,756.231 EXPENDITURE Charitable activities Other operating leases Rates and water Light and heat Property repairs Furniture, fitting5 and refurbishment costs TV licence Grants to institutions 368,678 531 15,938 18,403 38,444 329 4,242 409.144 4,134 17.516 24,167 33.669 437 986 446,565 490,053 This page does not form part of the ststutory financial statements Page 32
STAFFORD AND CANNOCK LEAGUE OF HOSPITAL FRIENOS DETAILED STATEMEwf OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Raisin8 funds Coffee bar direct Costs 167,017 170,709 167.017 170,709 Support costs Management Wage5 Social security Defined contribution pension costs Other operating leases Light and heat Telephone Repairs and maintenance Fixtures & f itting5 Computer equipment Motor vehicles 551,318 39,841 41,413 46,410 3,666 10,499 14,990 4,ODI 1,931 5,749 505,116 36,367 40,101 51,676 7,691 13,158 15,184 2,044 5,702 7,186 719.818 684,225 Governance Accountancy Legal and professional fees 17,849 21,920 18,092 24,394 39,769 42,486 Flnance Office expenses Bank charges 22,192 11,488 28,923 10,075 33,680 38,998 Other Hire of equipment Motor expenses Employee travel expenses Insurance Computer software and maintenance Bad debts Other expenses 2,778 2,640 11,834 13,457 12,146 13,126 3,814 1,327 4,417 11,070 9,636 8,261 27,789 11,706 59,795 74,206 Total resources expended 1,466,644 1,500,677 Net income 212,912 255,554