Charity registration number: 1063758
The League of Friends of Axminster Hospital
Annual Report and Financial Statements
for the Year Ended 31 December 2023
WESTCOTTS
CHARTERÈD AeeouNTAWT5
4 8USINE55 ADVISERS

The League of Frlends of Axminster Hospital
Contents (continued)
Reference and Administrative Details
Trustees, Report
2to4
Independent Examinerfs Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
8t014

The League of Friends of Axminster Hospital
Reference and Adminlstrative Details
Chairman
Mr S Holt
Trustee8
Mr M Symes
Mrs A Veit
Dr S Ellis
Mr J Hussey
Mrs J Ward
Mrs C Cawley (appointed 1 September 2023)
Dr P Taylor
Mr M Diplock
Mrs G George
Mrs M Pike
Mrs H Cross
Mrs L Porter (resigned 1 August 2023)
Charity Registration Number
1063758
Princlpal Office
Axminster Hospital
Chard Street
Axminster
Devon
EX13 5DU
Ind8pend8nt Examiner
Westcotts (SW) LLP
rimberly
South Street
Axminster
Devon
EX13 SAD
Page 1

The League of Friends of Axminster Hospital
Trustees. Report
The trustees present the annual report together with the financial statements of the charity for the year
ended 31 December 2023.
Structure, governance, and management
Constitution
The League of Friends of Axminster Hospital is an unincorFJorated charity governed by its constitution
adopted April 1988.
At the AGM held on the 23 March 2005 the members voted unanimously to increase the committee to
14 members. One third of the committee {the longest serving) retire each year but are eligible for
re-election at the Annual General Meeting.
The charity is managed by its trustees who make decisions with regards to the activities of the charity
at regular executive committee meetings.
Where there is a requirement for new trustees. they will be identified and appointed by the remaining
trustees. The chairman of the trustees is responsible for the induction of any new trustees which
involves awareness of a trustee's responsibilities, the governing document, administrative procedures.
the history and philosophical approach of the charty. A new trustee would receive copies of the
previous yearfs annual report and accounts and a copy of the Charity Commission leaflet 'The
Essential Trustee.. What You Need To Know,.
Public Benefit
The trustees have had due regard to the guidance published by the Charity Commission with regards
to public benefit and have complied with their duty of Section 4 of the 2011 Charities Act.
Volunteers
A number of members carried out various duties in the hospital. Others helped the Axminster Care
Service which provides transport for patients in the local community.
Membership
The League of Friends is always keen to welcome new members.
Objectives and activities
To relieve patients and former patients of the hospital and other invalids in the community who are
sick. convalescent, disabled, handicapped, infimi or in need of financial assistance and generally to
support the charitable work of the said hospital and other Health and Care Agencies.
To provide funds for the health, welfare and comfort of patients in the hospital and other invalids in the
local community via the purchase of facilities, buildings and equipment for such purposes.
To educate the public of the needs of patients at Axminster Hospital and other invalids in the
community and mobilising, encouraging, fostering and maintaining the interest and support of the
public in the hospital, through meetings, newspapers and fund raising activities.
To co-operate with other organisations such as the Axminster Care Service, other LOF'S hospitsls
and local authorities on health and care issues.
To maintain membership of the Axminster Locality Health & Care Forum.
Page 2

The League of Friends of Axminster Hospital
Trustees, Report (continued)
Promote IT links be￿een GP'S, hospitsl stsff and patients.
To recruit and assist in the recruitment of volunteers in the hospital and in other community care
areas.
During the year the main charitable activities were the provision of equipment to its supported
institutions and providing welfare to its patients.
Achievements and perforniance
The league has seen an increase in incoming resources of £131,376 for the 2023 year compared to
2022. This is mainly due to the increase of legacy income of £127,845. The league no longer supports
the Hospicecare at Home setvice.
Financial review
The year to the 31 December 2023 saw the League receive total income of £144,274 (2022:
£12,898). The League continues to still be well supported within the local community and has had
adequate reserves to fulfil its charitable objectives during the year, supporting Axminster Hospital and
its patients. The continued support has allowed the League to spend £22,243 (2022.. £5,903) on
charitable activities.
Risks
The trustees have considered the risks that the charity is exposed to and have taken appropriate
action to ensure such risks are minimised.
Reserves policy
As detailed in the notes to the accounts the reserves are maintained to meet the charity's objects and
to allow flexibilty to respond to any needs that may arise. It is fett that the current level of reserves
£589,129 {2022- £474,975) is appropriate to the circumstances of the charity and the unpredictable
nature of the main income SoUr￿s. The trustees consider there to be no going con￿rn issues that
require disclosure.
Accounting Policies
The financial statements have been prepared in accordan￿ with the accounting policies set out in the
notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and
Accounting and Reporting by Charities= Statement of Recommended Practise applicable to charities
preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK
and Republic of Ireland effective date 01 January 2015.
Plans for future periods
The League of Friends will continue to support the patients and other individuals of Axminster Hospital
by continuing to provide funds and equipment for use in the Hospital.
Page 3

The League of Friends of Axminster Hospital
Trustees. Report (continued)
Trustees, responslbilities statement
The trustees are responsible for preparing the Trustee's Annual Report and the financial statements in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom
Generally Accepted Accounting Practise).
Law applicable charities in England and Wales requires the trustees to prepare financial statements
for each financial year which give a true and fair view of the charity and of the incoming resources and
application of resources of the charity for that year. In preparing these financial statements the
trustees are required to..
select suttable accounting policies and then apply them consistently,.
observe the methods and principles in the Charities SORP-
makejudgements and estimates that are reasonable and prudent;
-state whether applicable UK Accounting Standards have been followed, subject to any material
departures disclosed and explained in the financial statements., and
-prepare the financial statements on the going concem basis unless it is inappropriate to presume that
the charity will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable
accuracy at any time the financial position of the charity and enable them to ensure that the financial
statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations
2008. They are also responsible for safeguarding the assets of the charity and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the financial information included on
the charity's website. Legislation in the United Kingdom goveming the preparation and dissemination
of financial statements may differ from legislation in other jurisdictions. On behalf of the board
The
ual report was approved by the trustees of the charity on
and signed on its
Chairman
Page 4

The League of Friends of Axminster Hospital
Independent Examiner's Report to the trustees of The League of Friends of
Axminster Hospital
I report to the trustees on my examination of the accounts of The League of Friends of Axminster
Hospital for the year ended 31 December 2023.
Responsibilities and basis of report
As the charity trustees of The League of Friends of Axminster Hospital you are responsible for the
preparation of the accounts in accordance with the requirements of the Charities Act 2011 {'the Act,).
I report in respect of my examination of the The League of Friends of Axminster Hospital's accounts
Ca￿led out under section 145 of the 2011 Act and in carrying out my examination I have followed all
the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examinerfs statement
I have completed my examination. I confirm that no material matters have come to my attention in
connection wtth the examination giving me cause to believe that in any material respect..
1. accounting records were not kept in respect of The League of Friends of Axminster H05Pital as
required by section 130 of the Act", or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements concerning the form and content of
accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any
requirement that the accounts give a 'true and fair view, which is not a matter considered as part
of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to
which attention should be drawn in this report in order to enable a proper understanding of the
accounts to be reached.
Stuart Carrington FCA
For and on behalf of Westcotts (SW) LLP
Timberly
South Street
Axminster
Devon
EX13 SAD
Page 5

The League of Friends of Axminster Hospital
Statement of Financial Activities for the Year Ended 31 December 2023
Unrestricted
funds
Total
2023
Total
2022
Note
Income and Endowments from:
Donations and legacies
Other trading activities
Total income
144,274
144,274
9.648
3,250
144,274
144,274
12,898
Expenditure on:
Charitable activities
(30,120)
{30,120}
(5,903)
Total expenditure
(30,120)
{30,120)
(5,903)
Net income
114,154
114,154
6,995
Net movement in funds
114,154
114,154
6,995
Reconciliation of funds
Total funds brought forward
Total funds carried forward
474,975
474,975
467,980
589,129
589,129
474,975
The statement of financial activities includes all gains and losses recognised in the year.
All of the charity's activities derive from continuing operations during the above two periods.
The funds breakdown for 2022 is shown in note 11.
The notes on pages 8 to 14 fomi an integral part of these financial statements.
Page 6

The League of Friends of Axminster Hospital
(Registration number: 1063758)
Balance Sheet as at 31 December 2023
2023
2022
Note
Current assets
Debtors
Cash at bank and in hand
4,957
471,435
476,392
{1,417)
474,975
590,858
590,858
Credltors: Amounts falling due within one year
Net assets
10
(1,729)
589,129
Funds of the charity:
Unrestricted income funds
Unrestricted funds
589,129
474,975
Total funds
11
589,129
474.975
The financial statements on pages 6 to 14 were approved by the trustees, and authorised for issue on
and signed on their behalf by:
Holt
Chairman
The notes on pages 8 to 14 form an integral part of these financial statements.
Page 7

The League of Friends of Axminster Hospital
Notes to the Financial Ststements for the Year Ended 31 December 2023
1 Accounting policies
ststement of compliance
The financial statements have been prepared in accordance with the second edition of the Charities
Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard
applicable in the United Kingdom and Republic of Ireland (FRS 1021 and the Charities Act 2011.
Basis of preparation
The League of Friends of Axminster Hospital meets the definition of a public benefit entty under FRS
102. The accounts (financial statements) have been prepared under the historical cost convention
with items recognised at cost or transaction value unless othe￿iSe stated in the relevant note(s) lo
these accounts.
Exemption from preparing a cash flow statement
Going concern
The trLSStees consider that there are no material uncertaintie5 about the charity's ability to continue as
a going concern.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a
general nature is recognised when the charity has entitlement to the income, it is probable that the
income will be received and the amount can be measured with sufficient reliability.
Donations and18gacies
Donations and legacies are recognised on a receivable basis when receipt is probable and the
amount can be reliably measured.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is
probable settlement is required and the amount can be measured reliably. All costs are allocated to
the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot
be directly attributed to particular headings they have been allocated on a basis consistent with the
use of resources, with central staff costs allocated on the basis of time spent, and depreciation
charges allocated on the portion of the asset's use. Other support C05t5 are allocated based on the
spread of staff costs.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities
and services for its beneficiaries. It includes both costs that can be allocated directly to such activities
and those costs of an indirect nature necessary to support them.
Page 8

The League of Friends of Axminster Hospital
Notes to the Financial Statements for the Year Ended 31 December 2023
(continued)
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis
consistent with the use of resources, for example, allocating property costs by floor areas, or per
capita, staff costs by the time spent and other costs by their usage.
Governance costs
These include the costs attributable to the charity's compliance with constitutional and statutory
requirements, including audit, strategic management and trustees meetings and reimbursed
expenses.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010
and therefore it meets the definition of a charitable company for UK corporation tax purposes.
Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains
received within categories covered by Chapter 3 Part 11 of the Corporation Tax ACÉ 2010 or Section
256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are
applied exclusively to charitable purposes.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other 5hort-temi highly
liquid investments that are readily convertible to a known amount of cash and are subject to an
insignificant risk of change in value.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees discretion in
furtherance of the objectives of the charity.
Financial instruments
Classrfication
Financial assets and financial liabilities are recognised when the charity becomes a party to the
contractual provisions of the instrument.
Financial liabilities and equty instruments are classified according to the substance of the contractual
arrangements entered into. An equity instrument is any contract that evidences a residual interest in
the assets of the charity after deducting all of its liabilities.
Page 9

The League of Friends of Axminster Hospital
Notes to the Financial Statements for the Year Ended 31 December 2023
(continued)
Recognition and measurement
All financial assets and liabilities are inttially measured at transaction price (including transaction
cost51, except for those financial assets classified as at fair value through profit or loss, which are
initially measured at fair value (which is nomially the transaction price excluding transaction costs),
unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing
transaction, the financial asset or financial liability is measured at the present value of the future
payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the statement of financial position when, and only
when there exists a legally enforceable right to set off the recognised amounts and the charity intends
either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the contractLJal rights to the cash flows
from the financial asset expire or are settled, b) the charity transfers to another party substantially all
of the risks and rewards of ownership of the financial asset, or cl the charity, despite having retained
some, but nol all, significant risks and rewards of ownership, has transferred control of the asset to
another party.
Financial liabilities are derecognised only when the obligation specified in the contract Is discharged,
cancelled or expires.
Investments
Investments in non-convertible p￿ference shares and non-puttable ordinary or preferen￿ shares
(where shares are publicly traded or their fair value is reliably measurable) are measured at fair value
through profit or loss. Where fair value cannot be measured reliably, investments are measured at
cost less impairment.
Investments in subsidiaries and associates are measured at cost less impairment. For investments in
subsidiaries acquired for consideration including the issue of shares qualifying for merger relief, cost
is measured by reference to the nominal value of the shares issued plus fair value of other
consideration. Any premium is ignored.
Fair value measurement
The best evidence of fair value is a quoted price for an identical asset in an active market. When
quoted prI￿S are unavailable, the price of a recent transaction for an identical asset provides
evidence of fair value as long as there has not been a significant change in economic circumstances
or a significant lapse of time since the transaction took place. If the market is not active and recent
transactions of an identical asset on their own are not a good estimate of fair value, the fair value is
estimated by using a valuation technique.
Page 10

The League of Friends of Axminster Hospital
Notes to the Financial Statements for the Year Ended 31 December 2023
{continued)
2 Incom8 from donations and legaci88
Unrestrlcted
funds
General
Totsl
2023
Donations and legacies.
Donations from individuals
Legacies
11,468
132,806
11,468
132,806
144,274
144,274
Unrestricted
funds
General
Total
2022
Donations and legacies;
Donations from individuals
Legacies
4,687
4,961
9,648
4,687
4.961
9.648
3 Income from other trading activities
Unrestricted
funds
General
Total
2023
Membership subscriptions
Unrestrlcted
funds
General
Total
2022
Membership subscriptions
3.250
3,250
3,250
3.250
Page 11

The League of Friends of Axminster Hospital
Notes to the Financial Statements for the Year Ended 31 December 2023
(continued)
4 Expenditure on charitable activities
Unrestricted
funds
General
Total
2023
Note
Welfare of patients
Govemance and support costs
Provision of equipment to institutions
5,199
17,044
7,877
30,120
5,199
17,044
7,877
30,120
Unrestricted
funds
General
Total
2022
Note
Welfare of patients
Govemance and support costs
2,585
3.318
2,585
3,318
5,903
5,903
5 Analysis of governance and support costs
Unrestricted
funds
General
Total
2023
Total
2022
Independent Examiner's remuneration
Accountancy fees
General
Wages and salarie5
Pension costs
1,421
1.421
4,526
9.585
91
1,421
1,421
4.526
9,585
91
1.000
417
1,901
17,044
17,044
3,318
6 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charity
during the year (2022.. None)
Page 12

The League of Friends of Axminster Hospital
Notes to the Financial Statements for the Year Ended 31 December 2023
(continued)
7 Staff costs
The aggregate payroll costs were as follows-
2023
Staff costs during the year were:
Wages and salaries
Pension costs
9,585
91
9.676
The monthly average number of persons (including senior management I leadership team) employed
by the charity during the year expressed as full time equivalents was as follow5..
2023
Number of employees
Contributions to the employee pension schemes for the year totalled £91 (2022 - £Nil).
During the year, the charity made redundancy andlor temiination payments which totalled £Nil (2022 -
£Nil).
No employee received emoluments of more than £60,000 during the year
8 Independent examinerfs remuneratlon
2023
2022
Independent examiners fee
1,421
1,000
9 Debtors
2023
2022
Accrued income
4,957
10 Creditors: amounts falling due within one year
2023
2022
Accruals
1,729
1.417
Page 13

The League of Friends of Axminster Hospitsl
Notes to the Financial Statements for the Year Ended 31 December 2023
(continued)
11 Funds
Balance at 1
January
2023
Balance at
31 December
2023
Incoming
resources
Resources
expended
Unrestricted funds
General
General Funds
474,975
144,274
{30,120)
589,129
Balance at 1
January
2022
Balance at
31 December
2022
Incoming
resources
Resources
expended
Unrestricted funds
General
General Funds
467,980
12,898
(5,9031
474,975
12 Analysls of net assets between funds
Total funds
at31
December
2023
Unrestricted
funds
General
Current assets
Current liabilities
590,858
(1,729)
590.858
1,729)
Total net assets
589,129
589,129
Total funds
at31
December
2022
Unrestricted
funds
General
Current assets
Current liabilities
476,392
{1,417)
474,975
476,392
(1.417)
474,975
Total net assets
13 Related party transactions
There were no related party transactions in the year (2022". None)
Page 14