| Trustees' Report | Ito5 | |
|---|---|---|
| Independent Examiner's |
Report | |
| Statement ofFinancial | Activities | 7to8 |
| Balance Sheet | 9to 10 | |
| Notes to the Financial Statements | 11 to 23 |
| Principal | Office | Office | League ofFriends Of5ce | League ofFriends Of5ce | |||
|---|---|---|---|---|---|---|---|
| Lymington | New Forest Hospital | ||||||
| Wellworthy | Road | ||||||
| Lymington | |||||||
| Hampshire | |||||||
| SO41 8QD | |||||||
| The charity | is incorporated | in England. | |||||
| Company | Registration | Number | 03575712 | ||||
| Charity Registration | Number | 1070233 | |||||
| Solicitors | Paris Smith | LLP | |||||
| 1 London Road | |||||||
| Southampton | |||||||
| Hampshire | |||||||
| SO152AE | |||||||
| Bankers | CAF Bank | Limited | |||||
| Kings Hill | |||||||
| West Mailing | |||||||
| Kent | |||||||
| ME194TA | |||||||
| Independent | Examiner | Westlake Clark Audit LLP | |||||
| Chartered Accountants |
|||||||
| 7 Lynwood | Court | ||||||
| Priestlands | Place | ||||||
| Lymington | |||||||
| Hampshire | |||||||
| SO41 9GA |
| Unrestricted | Restricted | Total | ||||
|---|---|---|---|---|---|---|
| Note | funds | funds E |
2022f | |||
| Income and Endowments | from: | |||||
| Donations and legacies |
260,245 | 260,245 | ||||
| Investment income |
195 | 195 | ||||
| Total Income | 260,440 | 260,440 | ||||
| Expenditure on: |
||||||
| Raising funds | (6,341) | (6,341) | ||||
| Charitable activities |
(59,935) | (59,935) | ||||
| Total Expenditure | (66,276) | (66,276) | ||||
| osses on investment | assets | 70,146 | 70,146 | |||
| Net income | 264,310 | 264,310 | ||||
| Net movement in funds |
264,310 | 264,310 | ||||
| Reconciliation offunds | ||||||
| Total funds brought | forward | 1,760,031 | 500 | 1,760,531 | ||
| Total funds carried | forward | 16 | 2,024,341 | 500 | 2,024,841 |
| Total | ||||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | 2021 | ||||
| funds | funds | As restated | ||||
| Note | ||||||
| Income and Endowments | from: | |||||
| Donations and legacies |
53,951 | 560 | 54,511 | |||
| Investment income |
606 | 606 | ||||
| Total Income | 54,557 | 560 | 55,117 | |||
| Expenditure on: |
||||||
| Raising funds Charitable activities |
(4,419) (29,663) |
~(4(,832 | (4,419) (71,497) |
|||
| Total Expenditure | (34,084) | (41,832) | (75,916) | |||
| Gains/losses on investment |
assets | 110,299 | 110,299 | |||
| Net income/(expenditure) | 130,772 | (41,272) | 89,500 | |||
| Net movement in funds |
130,772 | (41,272) | 89,500 | |||
| Reconciliation offunds | ||||||
| Total funds brought | forward | 1,629,259 | 41,772 | 1,671,031 | ||
| Total funds carried | forward | 16 | 1,760,031 | 500 | 1,760,531 |
| Balance Sheet as at | 31March 202 | 2 | |||
|---|---|---|---|---|---|
| 2021 | |||||
| 2022 | As restated | ||||
| Note | |||||
| Fixed assets | |||||
| Tangible assets | 12 | 1,000,000 | 1,000,000 | ||
| Investments | 13 | 811,118 | 625,971 | ||
| 1,811,118 | 1,625,971 | ||||
| Current assets |
|||||
| Debtors | 14 | 8,379 | 6,126 | ||
| Cash at bank | and in hand | 208,537 | 129,940 | ||
| Creditors: Amounts | falling due within one year | 35 | 216,916 ~3,)03) |
136,066 (1,506) |
|
| Net current | assets | 213,723 | 134,560 | ||
| Net assets | 2,024,841 | 1,760,531 | |||
| Funds ofthe | charity: | ||||
| Restricted income funds | |||||
| Restricted funds | 500 | 500 | |||
| Unrestricted | income | funds | |||
| Unrestricted | funds | 2,024,341 | 1,760,031 | ||
| Total funds | 16 | 2,024,041 | 1,760,531 |
| 3 Income |
from donations and legacies |
||||
|---|---|---|---|---|---|
| Unrestricted | |||||
| funds | |||||
| Total | Total | ||||
| General | 2022 | 2021 | |||
| Donations | and legacies; | ||||
| Donations | fium individuals | 83,578 | 83,578 | 42,511 | |
| Legacies | 176,667 | 176,667 | 12,000 | ||
| 260+45 | 260,245 | 54.511 |
| Unrestricted | |||||
|---|---|---|---|---|---|
| funds | |||||
| Total | |||||
| Total | 2021 | ||||
| General | 2022 | As restated | |||
| Interest receivable | and similar income; | ||||
| Interest receivable on bank deposits | 195 | 195 | 606 |
| Allocated | Total | Total | ||||||
|---|---|---|---|---|---|---|---|---|
| Direct | costs | support costs | 2022 | 2021 | ||||
| f, | f. | |||||||
| Costs ofgenerating | donations | and | ||||||
| legacies | 2,964 | 2,964 | 1,080 | |||||
| Fundraising | trading | costs; | ||||||
| Event costs | 412 | 2,965 | 3,377 | 3,339 | ||||
| 412 | 5,929 | 6,341 | 4,419 |
| Activity | |||||
|---|---|---|---|---|---|
| undertaken | Grant funding | Total | Total | ||
| directly | ofactivity | 2022 | 2021 | ||
| g | |||||
| Donations | for capital equipment | 39,529 | 39,529 | 54,307 | |
| Hospital | services and patient bene6ts | 5,565 | 5,565 | 4,298 | |
| Hospital | staff and amenities | 600 | 14,241 | 14,841 | 12,892 |
| 45,694 | 14,241 | 59,935 | 71,497 |
| 7 Analysis |
ofgovernance | and support | costs | ||||
|---|---|---|---|---|---|---|---|
| Raising | Hospital | Governance | Total | Total | |||
| Basis of allocation |
Fund | service | costs | 2022f | 2021 | ||
| 50% | ofstaff | ||||||
| Staffcosts | cost | 5,929 | 5,929 | 11,858 | 4,322 | ||
| Admin expenses | 3,769 | 3,769 | 3,230 | ||||
| Computer expenses |
1,627 | 1,627 | 678 | ||||
| Subscription | 1,132 | 1,132 | 1,123 | ||||
| Sundry expenses | 98 | 98 | 151 | ||||
| Independent | |||||||
| examiner's | fee | 1,686 | 1,686 | 1,506 | |||
| 5,929 | 12,555 | 1,666 | 20,170 | 11,010 |
| Governance | costs | ||||
|---|---|---|---|---|---|
| Unrestricted | |||||
| funds | |||||
| Total | Total | ||||
| General | 2022 | 2021 | |||
| Independent | examiner fees | ||||
| Examination ofthe financial | statements | 1,686 | 1,686 | 1,506 | |
| 1,686 | 1 686 | 1,506 |
| 9 Staffcosts The aggregate payroll costs were as follows: |
||
|---|---|---|
| 2022 | 2021 | |
| f, | ||
| Staffcosts during the year were: | ||
| Wages and salaries | 11,858 | 4,322 |
| Other staff costs | 5,565 | 4,298 |
| 17,423 | 8,620 |
| 2022 | 2021 |
|---|---|
| No | No |
| 10 Independent | examiner's | remuneration | ||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Examination of | the financial | statements | 1,686 | 1,506 |
| 12 Tangible Sxed assets | |||
|---|---|---|---|
| Freehold land | |||
| at Weltworthy | |||
| Road, | Of5ce | ||
| Lymington | equipment | Total | |
| g | |||
| Cost | |||
| At 1April 2021 | 1,550,000 | 2,955 | 1,552,955 |
| At 31March 2022 | 1,550,000 | 2,955 | 1,552,955 |
| Depreciation | |||
| At 1 April 2021 | 550,000 | 2,955 | 552,955 |
| At 31March 2022 | 550,000 | 2,955 | 552,955 |
| Net book value | |||
| At 31March 2022 | 1,000,000 | 1,000,000 | |
| At 31March 2021 | 1,000,000 | 1,000,000 |
| 13 Fixed asset investments | ||||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Shares in group undertakings | and participating | interests | 1 | 1 |
| Other investments | 811,117 | 625,970 | ||
| 811,118 | 625,971 |
| Shares in group undertakings and participating |
interests | |
|---|---|---|
| Subsidiary | ||
| undertakings f |
Total | |
| Cost | ||
| At 1April 2021 | ||
| At 31March 2022 | ||
| Net book value | ||
| At 31March 2022 | ||
| At 31March 2021 | ||
| Other investments | ||
| Listed | ||
| investments | Total | |
| f | ||
| Cost or Valuation | ||
| At 1April 2021 | 625,970 | 625,970 |
| Revaluation | 70,146 | 70,146 |
| Additions | 115,001 | 115,001 |
| At 31March 2022 | 811,117 | 811,117 |
| Net book value | ||
| At 31March 2022 | 811,117 | 811,117 |
| At 31March 2021 | 625,970 | 625,970 |
| capital are as follows: | |||||
|---|---|---|---|---|---|
| Country of | Proportion ofvoting rights | Principal | |||
| Undertaking | incorporation | Holding | and shares held | activity | |
| 2022 | 2021 | ||||
| Subsidiary undertakings |
|||||
| LOF (Lyrnington) | |||||
| Limited Company registration |
United Kingdom | Ordinary | 100% | 100'/ | Retail operations |
| number: 05999048 |
| 14 Debtors | |||
|---|---|---|---|
| 2021 | |||
| 2022 | As restated | ||
| g | |||
| Due &om group undertakings | 7,384 | 4,994 | |
| Prepayments | 995 | 1,132 | |
| 8,379 | 6,126 | ||
| 15 Creditors: amounts | falling due within one year | ||
| 2022 | 2021 | ||
| Accruals | 3,193 | 1,506 |
| 16 Funds | ||||||
|---|---|---|---|---|---|---|
| Balance at 1 | Other | Balance at | ||||
| April 2021 | Incoming | Resources | recognised | 31March | ||
| As restated f |
resources f |
expended f, |
gains/(losses) f |
2022 f |
||
| Unrestricted | funds | |||||
| General | ||||||
| Unrestricted | income fund | 1,760,031 | 260,440 | (66,276) | 70,146 | 2,024,341 |
| Restricted funds | ||||||
| Deerleap Ward | 500 | 500 | ||||
| Total funds | 1,760,531 | 260,440 | ~66,276 | 70,146 | 2,024,841 | |
| Balance at | ||||||
| Incoming | Other | 31March | ||||
| Balance at 1 | resources | Resources | recognised | 2021 | ||
| April 2020 | As restated f |
expended f |
gains/(losses) f |
As restated f |
||
| Unrestricted | funds | |||||
| General | ||||||
| Unrestricted | income fund | 1,629,259 | 54,557 | (34,084) | 110,299 | 1,760,031 |
| Restricted funds | ||||||
| Deerleap Ward CT Scanner |
500 41,272 |
560 | ~41,832) | 500 | ||
| Total restricted funds | 41,772 | 560 | ~41,832 | 500 | ||
| Total funds | 1,671,031 | 55,117 | 75,916) | 110,299 | 1,760,531 |
| 17 Anal | ysis ofnet assets between funds | |||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | ||||
| Restricted | ||||
| General | funds | Total funds | ||
| g | g | |||
| Tangible | fixed assets | 1,000,000 | 1,000,000 | |
| Fixed asset investments Cunt assets |
811,118 216,416 |
500 | 811,118 216,916 |
|
| Current | liabilities | (3,193) | (3,193) | |
| Total net assets | 2,024,341 | 500 | 2,024,841 | |
| Unrestricted | ||||
| funds | ||||
| Total funds at | ||||
| 31March | ||||
| Restricted | 2021 | |||
| General | funds | As restated | ||
| g | ||||
| Tangible | fixed assets | 1,000,000 | 1,000,000 | |
| Fixed asset investments | 625,971 | 625,971 | ||
| Current Current |
assets liabilities |
135,566 1,506 |
500 | 136,066 ~1,506 |
| Total net assets | 1,760,031 | 500 | 1,760,531 |