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 Ka￿n 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 InC￿8s8 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 philosoph￿al 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 a￿ayS 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 relat￿n 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 Wa￿5 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 reSoUr￿S 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 State￿ntS,. and
-p￿pa￿ 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 Car￿ng 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 examinat￿n. 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,$601
{36.593)
133,949)
33,949
Total expenditure
32,033
4,560
36,593
Net lexpendilure}lincome
117,229}
8.064
19.165)
111,56S}
Net movement in funds
117,2291
8,064
19.165}
111,5651
Reconeiliation of funds
Totsl funds brought fO￿ard
Total funds carried forward 12
577,564
577,564
589,129
560,335
8,064
568.399
577.564
The ststement of financial activities includes all gains and losses recogni$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 rece￿ble basis when re￿Ipl 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 allo￿ted 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
requ1￿ments, 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 part￿Ular 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 de￿COgnised 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 qUalI￿ng 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 In￿Me
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 Serv￿0 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 o￿ts
577,564
577,564
14 Related party transactlons
There were no related party tran8acth)ns in the year (2024.. None}
Page 15