Charity giStratIon number.. 1063758 The League of Friends of Axminster Hospital Annual Report and Financial Statements for the Year Ended 31 December 2025 WESTCOTTS CTrIAflTERED ACCOUxlTANrs 4 BU51NES5 ADVISEMS
The League of Friends of Axminstor Hospital Contents (contlnued) Reference and Administrative Detsil$ Trustees, Report 2to4 Independent Examinerfs Report ststemenl of Financial ActNities BaLqn¢e Sheet Notes to the Financial Statements 8t015
The L•ague of Friends of Axmlnster Hospltal Reference and Adminlstrative Detai15 Chalrnian Mr S Holt Twstees Mr M Symb8 Dr S Ellis Mr J Hussey Mr8 J Ward Mrs C Cawley Dr P Taylor Mr M Diplock Ireslgned 8 April 2025) Mrs G George Mrs M Pike Mts H Cross Mrs Kan Churchill Delia Driver (appointed 8 April 20251 Charlty Regislratlon Nufflber 1083758 PrlnGlpal oifice Axminslgr Hospital Chard Street minster Devon EX13 5DU Westcotts (SWI LLP Timberty South Street Axminster Devon EX13 SAD Independent Examlner Page 1
The League of Friends of Axminster Hospital Trustees. Report The Iruslees present the annual report together wf(h the finanelal statements of the charty for the year ended 31 December 2025. structure, governance. and management Constitution The League of Friends of Axminster Hospital is an unincorporated charity governed by its constitution adopted April 1988. Al the AGM held on the 23 March 2005 the members voted unanimousty lo InC8s8 the committee to 14 members. One third of the committee Ithe longest serving) retire each year but are eligible for re-eleclKJn at the Annual General Meeting. The charity is managed by 11$ trust8es who make decisions wi(h gard$ lo the actimts.es of the charity al regular executive committee meetings. Where there is a requirern8nl for new Iruslee5, they will be identified and appointed by the remaining Iruslèes. The chaimian of the trustees is responsible for the induction of any new Iruslees which involves aY4areness of a trustee's responsibilities, the goveming document, administralive procedures. the history and philosophal approach of the ¢harily. A new trustee would receive copres of the previous yearfs annual fftF)Ort and accounts and a copy of the Charty 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 wlth regards lo public benefit and have complied with their duly of Stttion 4 of the 2011 Charrties Act. Volunteers Our volunteer team give thgir time lo assist with the events organised lo raise funds for Axminster Hospitsl League of Friends. We offer our sincere thanks for their dedie8tion. Membership The League of Friends is aayS keen lo welcome new members. ObjectNes and activities To relieve patK8nts and fomier patients of the hospital and other invalids in the community who are sick. convalescent. disabled, handicapped, infirm or in need of financial assistance and generally to support the charitsble work of the said hospital and other Heath 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 faeililies, buildings and equipment for such purposes. To edueale the public of the needs of patients at Axminster Hospital and other invalids in the ommunity and mobilising. encouraging. fostering and maintsining the interest and support of the public in the hospital. Ihrouoh meetings. newspapers and fund raising actNilies. To co-operate with other organisations such as the Axminster Care Service, other LOF'S hospitals and local authorities on heaf(h and care issues. To maintain membership of the Axminster Llxalrty Health & Care Fofum. Page 2
The League of Friends of Axminster Hospllal Trustees. Report (continued) Promote IT links between GP'S, hospital staff and patients. To recruit and a8SlSt in the recruitment of volunteers in the hospital and in other communty care afeas. During the year the main charitsble activity was to raise funds lo sel up our Hospice al Horne service which will enable temiinally ill patients to have palliative care and remain in their own home. This seNice should launch in 2026. Achievernonts and performance The league has seen an increase in incoming resources of £5,044 for the 2025 year compargd to 2D24. This is mainly du& lo an increase in fundraising in relatn lo Hospice al Home. Flnancial review The year to the 31 December 2024 saw the League receive total income of £27,42812024.' £22,384). The League continues to still be well supported within the local community and has had adequate reserves to fulfil ils charitable objedives during the year, supporting Axminsler Hospital 2nd its patients. The continued support has allowed the League to spend £32,927 12024.. £26.2931 on charitable activities. Rlyks The trustees have considered the risks that the charity is exposed lo and have t8ken appropriate action to ensure such risks are minimised. ReseNes policy As detailed in the notes lo the accounts the rgsgrves a maintained to meet the charitys objects and to allow flexibilty to re8pond lo any needs that may arise. 11 is fell that the current kvel of reserves £568,399 12024.. £577,564) is appropriate to the circumstances of the charity and the unpredictable nature of the main income sources. The Iru8tees consider there to be no going concem issues that require discbsurg. Accounting Poll¢les The financial slalements have been prepared in ac¢oidan¢e with the accounting Policies sel out in the notes lo the accounts and comply with the charity's goveming document, the Charities Act 2011 and Accounting and Reporting by Charities.. Statement of Recommended Praclise applicable lo charities preparing their accounts in accordance with the Financial Reporting Stsndards applicable in the UK and Republic of Iieland effeelive date 01 January 2015. Plans for future perfods You may be assured that your trustees, toyelher with our loyal band of volunteers, will continue to raise funds to support our overall aims, including the provision of palliative care to terminally ill patients in their ¢)wn homes through our Hospice al Home Service. The Iruslees will also continuo 10 provide funds and equipment for use in both the hospital and other areas of health and wellbeing as they see fil. Page 3
The League of Friends of Axmlnster Hospital Trustees, Report (continued) Tru$tee$' re5ponsibilitles statement The Iruslees are responsible for preparing the Trustee'8 Annual Report and the financial ststements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practisel. Law app1thb charities in England and Wa5 requires the trustees lo prepare financial statements for each financial year which give a true and fair view of the charty and of the incoming reSoUrS and application of resour¢es of the charity for that year. In preparing these financial statements the trustees ar8 required to.. select suitable accounting polioes and then apply them consislenlly; observe the melhoés and principles in the Charities SORP., make judgements and eslim8tes that are reasonable and prudent". -slate whether applicable UK Accounting Standards have been followed, S'eCt lo any malerlal departures disclosed and explained in the financial StatentS,. and -ppa the financial statements on the going concern basis unless it is inappropriate lo presume that the charity will cor)tinue in operation. The trustees are responsible for keeping proper accountlng records which disclose with reasonable accuracy at any time the financi81 posltion of the charty and enable them to ensure that the financial statements mplY with the Charities Act 2011 and the Charity IA¢counls and Reports) Regulations 2008. They are also responsible fc•r safeguarding the assets of thè charity and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and inlegrty of the financial infomalion included on the charity's website. Legislation in the United Kingdom goveming the preparalKJn and dissemination of financial statements may differ from legislation in olherjurisdiction$. On behaff of the board The annual report was approved by the trustees of the charity on beh 10 ofr. and signed on its MrSHo Chaiman Pag8 4
The League of Friends of Axminster Hospital Independent Examiner's Report to the trustees of The League of Friends of Axminster Hospital I reptrrt to tho truslees on my examination of the accounts of The League of Fnends of Axminster Hospital for the year end¢d 31 DerEmber 2025. Responslbilities and basls of report As the charity Iruslees of The League of Friends of Axminsler Hosprtal you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 I'lhe Act'i. I report in respect of my examination of the The League of Friends of Axminsler Hospital'5 accounts arried out under secli¢n 145 of the 2011 Act and in Carng out my examination I have followed all the applicable Direction8 given by Ihe Charity Commission under sedion 145(5)Ibl of the Act. Independent gxamlner's gtatement I have completed my examinatn. I confirm that no material matters have come to my attention in connection with the examination giving me cause lo lIeVe that in any material respect.. 1. accounting records were not kept in respect of The League of Friends of Axminster Hospital as required by section 130 of the Act.. or 2. the accounts do not accord with those records: or 3. the accounts do not mmply with the accounting requirements concerning the fomi and content ol accounts sel out in the Charf(ies (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 mattels in connection wtth the examination to which attention should bg drawn in this report in order to enable a proper understanding of the accounts to be reached. Stuart Carringlon FCA For and on behalf of W8slcotts ISWI LLP Timberly South Street Axminster Devon EX13 SAD Dale.. Paga 5
The League of Frlends of Axminster Hospital statement of Financial Actlvities for the Year Ended 31 December 2025 Unrestricted funds Re$trlcted funds Total 2025 Total 2024 Note Income and Endowments from: Donations and legacies Other trading activities Investment income 10,404 12,624 23,028 17.546 4,838 4,400 4.400 Totsl income 12,624 27.428 22.384 Expenditure on: Charitable activities 132,033) {4,$601 {36.593) 133,949) 33,949 Total expenditure 32,033 4,560 36,593 Net lexpendilure}lincome 117,229} 8.064 19.165) 111,56S} Net movement in funds 117,2291 8,064 19.165} 111,5651 Reconeiliation of funds Totsl funds brought fOard Total funds carried forward 12 577,564 577,564 589,129 560,335 8,064 568.399 577.564 The ststement of financial activities includes all gains and losses recogni$ed in the year. All of the charity's actThiities derive from eonlinuing operations during the above periods. The funds breakdown for 2024 is shown in note 12. The notes on pages 8 to 15 form an integral part of these financial statements. Page 6
The League of Friends of Axminster Hospital (Reglstration number: 1063758) Balance Sh••t as at 31 December 2025 2025 2024 Note Current assèts Slgcks Debtors Cash at bank and in hand 209 391 578,652 10 4,447 566,107 57D,554 579,252 Creditors: Amounts falling due within one year Net assets 11 12,1551 568,399 11.6881 577,564 Funds oftho charity: Restrirted in¢ome fund5 Restricted funds Unrestricted income funds Unreslricled funds 560,335 577,564 Totsl funds 12 568,399 577,564 The financial statements on pages 6 10 15 wgie approved by the trustees, and authorised for issue on 10: ¢A....2p.!£ and signed on their behalf by.. Mfs Holl Chaiiman The notes on pages 8 to 15 fom) an integral part of these financial stalemenls. Page 7
The League of Friends of Axminster Hospital Notes to the Financial Statements for the Year Ended 31 December 2025 1 A¢¢ounting policie5 Statement of eompliance The financial stslemenls have been prepared in accordance WTih the seeond edition of the Charities Statement of Recommended Practice issued in October 2019. the Financial Reporting Standard applicabb in the United Kingdom and Republi¢ of Ireland IFRS 1021 and the Charities Act 2011. Basis ol preparation The League of Friends of Axminsler Hospital meets the definition of a public benefit enlty under FRS 102. The accounts (financial slatementsl have been prepared under the historical cost convention with items recognised al cost or transaction value unless otherwise ststed in the relevant ngtelsl to these accounts. Exemption from preparing a cash flow statement The charity has taken advantage of the exempts'on in FRS102 from the requiremonl to pr(yduce a cash flow statement because it 15 a small charity. Going concern The trustees considei that there are no material uncertainties al)oul the charity's ability to continue as a going concern. Income and endowments Voluntary income including donations. gtfts. legacies and grants that provide core fundin9 or are of a general nature is re¢ognised when the charity has entrtlement to the income, it is probable that the income wll be ceiVed and the amount can be measured with sufficient feliability. Donations and legacies Donations and legacies are recognised on a receble basis when reIpl is probable and th8 amount can be reliably measured. Investment income Dividends are recognised once the dividend ha5 been declared and notification has been received ol the dividend due. Expendlture All expenditure is reGognised once there is a legal or constructive obligation to that expenditure. it is probable selllemenl is required and the amount can be measured reliably. All wsls are alloted to the 8ppli¢able Èxpenditure heading that aggregate similar costs lo that category. Where costs cannot be directly attributed lo particular headings they have been allocated on a basis consislenl wfth the use of resources, with central stsff costs allocated on the basis of lime spent. and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread ol staff costs. Page 8
The League of Frlends of Axminster H05pitsI Nots$ to the Financial Statements for the Year Ended 31 December 2025 (continued) ChaTitable a¢tivltles Chafilable expenditure comprises those eosls incurred by the charrty in the delivery of its activities and seNices for its benefiryaries. 11 includes bolh costs that can be allocated directly lo such activities an4J those costs of an indired nature nerEs$ary lo support them. Support costs Support costs include central functions and have been allocated to activty wst categories on a basis consistent wf(h the use of resources, for example, allocating propety costs by floor areas, or per cap(ta, staff ¢osl$ by the time spent and other costs by their usage. Governance costs Those include the c051s attributab to the chariV$ ¢omplian¢o with constitutional and statutory requ1ments, including audit, strategic management and Iruslees 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 il meets the definition of a charitable company for UK eorporation lax purposes. Accoidingly, the charity is potentially exempl from taxation in respect of income or capital gains reeeived within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exelusively lo charitable purposes. Ca$h and cash oqulvalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-lerm highly liquid investments that are readily convertible lo a known amount of cash and are Subj9 to an insignilicanl risk of change in value. Fund $tructurg Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity. Reslricled income funds are those donated for u88 in a partUlar area or for specific purposes. the use of which is restricted to that area or purpose. Flnancial instruments Classification Financial assets and fin8n¢ial Irdbililies are recognised when the charity becomes a party lo the contractual provisions of the instrurnenl. Financial liabilities and equity instruments are classffied according to the substance of the contractual arrangements entered into. An equty instrument is any contract that evidences a resKJual interest in the assets of the charity after deducting all of ils liabilities. Page 9
The League of Friends of Axminster Hospitsl Notes to the Financial Statements for the Year Ended 31 December 2025 (continued) Recognitton and measurement All financial assets and liabilitie$ are initially measured at transaction price lin¢luding transaction coslsl, except for those financial assets classified as 8118ir value through profil or loss, which are inf(ially measured al fair value (which 15 normally the transaction price excluding transaction costs), unless the arrangement constilules a financing transaction. If an arrangement constitutes a financing Iransaclion, the financial asset or financial liability is measured al the present value of the future payments discounted at a market rate of inlerasl for a similar debl instrument. Financial assets and liabilities a only offset in the slalement of financial posiiion when, and only when there exists a legally enforceablé right lo set off the recognised amounts and the charity intends either lo settle on a net basis, or lo realise the asset and settle the liability simultaneously. Fin8ncial assets are deCOgnised when and onty when al the contractual rights lo the cash flows frorri the financial asset expire or are settled. bl the charity transfers to another paty substanlialty all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained sorne, bul not all. significant risks and rewards of ownership, has transferred control of the asset lo another party. financial liabilities are derecognised only when obligation specified in the conlracl is d¢scharged. cancelled or expires. Investrnents Investments in non-convertible preference shares and non-puttable Ordinary or preference shares (where Shares are publicly traded or their fair value is ieliably measurable) are measured al fair value IhrDugh profit or loss. Where fair value cannot be measured reliabty, investments are measured at cost less impairnienl. Investments in subsidiaries and associates are measured at cost less impairTnenl. For investments in subsidianes acquired for consideration including the issue of shares qUalIng for merger relief, cost is measured by reference to the nominal value of the shares issued plus fair value of other onsideration. Any premiLJm is ignored. Fair value measurement The best evidence of fair value is a quoted price for an idenlul asset in an active mafkel. When quoted prices aro unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a signrfieanl change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not aetwe and recent transactions of an ieentical asset on their own are not a good estimate of fair value, the falr value is estimated by using a valuation technique. Page 10
The League of Friends of Axminster Hospital Notes to the Financial Statsments for the Year Ended 31 December 2Q25 (continued) 2 Income from donatlons and legacles Unrestrlctsd funds General Restricted funds Total 202S Donations and leg8cies', Donations from individuals 10.404 12,624 23,028 10,404 12,624 23,028 Unrestricted funds General Restricted fvnds Total 2024 Donations and legacies., Dtsnalions from indNiduals Legacies 12,046 5,500 17.546 12,046 5,500 17,546 3 Income from other trading activities Unrestrlded funds General Total 2025 Local fundraising income Unrestrlcted funds General Total 2024 Local fundraSsing income 4.838 4,838 4,838 4,838 4 Investment Income UnrestrScted funds General Total 2025 Interest receivable and slmilar Income. Interest receivable on bank deposits 4.400 4,400 4,400 4,400 Page 11
The League of Friends of Axminster Hospital Notes to the Financial Statements for the Year Ended 31 December 2025 (continued) 5 Expgndllure on charitable actlvities Unrestrictèd tund General Restrlcted funds Total 2025 Note Wetrare of patients Govemance and support costs Provision of equipment lo institutions 6,061 22,306 3,666 32,033 6.061 26.866 3.666 4,560 4,560 36,593 Unreytricted funds General Restricted funds Total 2024 Nole welfa of patients Governance and SUPF)Ort costs Provision of equipment to institutions 4,366 21,927 7,656 4,366 21.927 7,656 33,949 33.949 6 Analy$ig of governanc9 and support costs Unrestrlctod funds General Restrlcted funds Total 2025 Total 2024 Independent Examinerfs remunerdtion Accountsncy fees Fundraising expenses Wages and salaries Pension costs 956 956 S.135 14.646 613 956 956 9,695 14.646 613 1,071 1,071 S,250 13.971 564 4.560 22,306 4,560 26.866 21,927 7 Trustee5 remuneratlon and expenses No Iruslees, nor any persons nnected with Ihgm, have recgived any remuneration from the charity during the year12024'. None) Page 12
The League of Friends of Axminster Hospital Notes to the Financial Statements for the Year Ended 31 December 2025 (continued) Stsff ¢08ts The aggregate payroll costs were as lollows.. 2025 2024 Staff costs during the year were: Wages and salaries Pension costs 14,646 613 13.971 564 15.259 14,535 The monthly average number of persons lin¢ludlng senior management I leadership team) empkjyed by the charity during the year was as follows.. 2025 No 2024 No Number of employees No employee received emoluments of more than £60,000 during the year. 9 Independenl examlnerfs remuneration 2025 2024 Independent examlners fee 956 1,071 10 Debtors 2025 2024 Accrued InMe 4,447 391 11 Creditors: amounts falling due within one year 2025 2024 Accruals 2,155 1,688 Paga 13
The League of Friends of Axminster Hospital Notes to the Flnancial Statements for the Year Ended 31 December 2025 (continued) 12 Funds Balance at 1 January 2025 Balance at 31 December 2025 Incomlng resources Resources expended Unrestricted funds General General Fund$ 577,564 14,804 (32,0331 560,335 Restricted funds Hospice @ Home 12,624 {4,560} 8,064 Total funds 577,564 27,428 (36.5931 568,399 Balance at 1 January 2024 Balance at 31 December 2024 Incoming resources Resources expended Unrestrlcted funds General General Funds 589,129 22.384 133.949 577,564 Purpose of restrieted funds Hospice at Horne This Serv0 will enable lerminalty ill patients lo have palliative care and remain in their own home. 13 Analysls of net assèts between funds Totsl funds at31 Decernber 2025 Unrestrlctsd funds General Restricted funds Current assets Current liabilrties 562,490 12,1551 560.335 570.554 {2,155) 568,399 Total net assets 8,064 Page 14
Th? League of Friends of Axmlnster Hospltal Not08 to the Flnancial Statsments for the Year End•d 31 December 2025 (continued) Total funds at31 Do¢gmber 2024 Unrestricted funds General Restrlcted funds Current assets Current liabilities 579,252 1,688 579.252 11,688 Total net ots 577,564 577,564 14 Related party transactlons There were no related party tran8acth)ns in the year (2024.. None} Page 15