Company registration number 03575712 Charity registration number 1070233 The League of Friends of the Lymington New Forest Hospital (A company limited by share capital) Annual Report and Financial Statements For the year ended 31st March 2024 Hope Jones Chartered Accountants and Registered Auditors Dunlop House 23a Spencer Road New Milton Hampshire BH25 6BZ The League of Friends of the Lymington New Forest Hospital Content Trustees, Report Ito5 Independent Examiner's Report Statement of Financial Activities 7t08 Balance Sheet 9tolO Notes to the Financial Statements Ilto23 The League of Friends of the Lymington New Forest Hospital Trustees Report (Including Directors Report) The Truslees, who èye Oiweclors lor the puiposes of compony law, piesent Ihal Annual Reporl togeiher with the Fi riEfiC131 El31emenls DI the cFiarilable company for the yerr ended 31 N4arch 2024. Trustees Mr A A England (Joint Chairl Mr M Hodges (Joint Chair} Ms C A de Hautville Bowell {appolnted- 6 December 2023} Ms A J Bowman Dr F C B Houlford {resigned- 6 December 2023) Mr D Mackew {appointed- 22 May 20241 Mr A Mann {re5igned- 12 February 2024) Mr H C Nash {deceased- 30July 20241 Dr C D Roseveare (appointed- 12 February 2024) OrT G A Sterling (appointed- 12 February 2024) Objertlves and actlvlties Oblects and alrns To relieve patients of the Lymin8ton New Forest Hospital in Hampshire and forrner patients of the Lymlngton Hospital and Lymin8ton Infirmary at Lymin8ton in Harnpshlre and other invalids in the community who are sick, convalescent, disabled, handicapped, inform or in need of financial assistance and, 8enerally, to support the charitable work of the hospital. One of our aims is to help provide locally for diagnosis and treatment, rather than having to travel to Southampton or Bournemouth. The Lea8ue depends wholly on its Members, Volunteers and the 8eneral public for its generation of funds. Objertlves, Strntegles and beneffts. Its prlme objectives are to benefit the public by applying those funds towards extra care and amenities for patients at the Lymington New Forest Hospital and towards the purchase of medical and other equipment for the Hospltal when that equipment is not available throu8h normal NHS channels or funding. In order to achieve thi5 Qbjecfive and to generate funds necessary to support these amenitfes, the Charity carries out fundraising activitie5 both through appeals and other activitles. These fundraising activities can both be specific and targeted towards specific equipment or to collect general funds on an ongolng basis, In addition, it provides amenltles within the Hospital by operating a shop Ithrou8h its trading subsidiary). Public Benefit The Charity has satisfied its public benefit responsibilities by its continued support of patients. patient activities and benefits and also of donations for capital equipment which ensures that the Hospital is able to continually upgrade and purchase the latest equipment. Donations in the year have covered a viide lcnge ol (mall dnd lorge equipment lor many depa rtment5 and the conirriun ily. Thpsp ilen-, rcifige Irom frp.e doily nei•JspapeT< and acts"vitics Ici F3b"Enls, reFi2bilitètion classes and aids for stroke patients. Tvs for pabent viaiting areas to home thermomeieis and aids lo support community teanis. Significant equipment items included Blood Pres¢ure and Resuscitation Monitors. Colonoscopes, Pressure Mapping equipment to signilicantly enhance the service available to the general public in a number of medical disciplines. In addition, the charity has built a woodland Wellbeing Trial In the grounds of the hospital as well as replacing and updating the signage across the hospital to assist patients and visitors. The Trustees mnfirm that they have complied with the requirements of section 17 of the Charities Att 2011 to have due regard to the public benefi't 8uidance published by the Charity Commission. Use of Volunteers During the financial year, due to the ongoing effects of COVID 19, the Charity continued to be Impacted in its ability to provide volunteering services within the hospital. However, we are pleased to advise that we restarted patient facing services (Ward Friends) durin8 the year. The Friends shop offering a ran8e of products operated throughout the year. The Charlty rern3ins grateful to the Volunteers for their willingness to provide tbme to support services and extra care for the benefit of patients. visitors and staff in the Hospital. Significant numbers of volunteer hours are put in each year which are difficult to value financially but make a very valuable and essential contribution to the League of Friends and the Hospital Achievements and performance The Charity ha5 continued to collaborate with Southern Health NHS Trust who provide a range of care in the Hospital and Partnering Health Ltd Iwho provide Urgent Treatment Services for the NHS within the Hospital) to support the prowsion of facilitles and to provide local people with the best possible service and the ability to enable care and procedures to take place much closer to home. Durln8 the year the Charlty donated £164,882 to the hospital in order to purchase various equlpment includlng Blood and Resuscitation Monitors. Colonoscopes and Pressure Mapping equipment. together with a number of Smaller items. The Charity also desi8ned and instslled a Wellbeing Trall in the Hospital Grounds and updated all the hospital signa8e to ald patient and visitor navigatlon. In addltlon, the Charity spent £17,167 on patient amenities includin8 newspapers, stroke ward supplies, Kings Coronation. Christmas and New Year activlties to enhance patient care. In 2023. the Charity was donated £77,500 by the Leon Crouch Foundation a significant portion of whlch was used in 202314 to develop a Wellbein8 Trail within the hospital grounds. The remainder has been retained for the further development of the gardens and to provide facilities for staff use when on breaks from patient care which are currently being agreed with the h05Pital. The Charity continues to hold a regular dialogue with the Hospital to identify the sUPPOrt needed for the patients and equipment above and beyond that the NHS can fund and provide. We anticipate continuing our support through 2024125 and have already a number of projects in progress which will further this objective. We have donated or expended over £l.000,000 in the last 4 years to support patients in the hospital and community and in excess of £4 million since 1952. Financlal Review This year there has been a decrease in fund5 of £76,75212023 increase of £119,688). This decrease is largely attributable the charity spending excess funds raised in the previous financial years. This was partially offset by gain on investments in the current year of £98,99212023 loss of £6,295}. Policy on Reserves majority of the decrease relates lo the conscious oecision of the iruclee lo spend legacies and I'estricled donations received in recent financial years but not able to be spent in those years. £1,000,000 of the reserves rÈpresent the cost of the land on which thÈ Hospital is built and are not readily avallable. The Trustees have resolved to commit as much of the Charity's resources as possible to the League's objectives whist retaining sufficient reserves and investments to enable future donations which can indivldually be substantial in size. Although the Trustees will continue to fundraise, where appropriate, to match purchases for the benefit of the Hospital, it Is possible reserves may decrease In future due to fulfilling Hospital fundin8 requests. Investment pollcy and objectives The Charity maintains liquidity through the use ofLloyds Bank, CAFBank and a number of deposits with selected other banks to invest surplus cash awaitin8 donation or investment. In addition. the Charity holds an investment in the COIF Charities Investment Fund which totalled £903.184 at 31 March 2024. The objectives of the COIF Charities Investment Fund are to provide long term total return comprising both growth in capital and income. The Fund follows a client driven ethical tnvestment policy, Going Concerii These accounts have been prepared on a 80ing concern basls. The Trustees conslder the Charity Is well placed to continue to operate for the foreseeable future. The League of Friends of the Lymington New Forest Hospital Trustees Report (Including Directors Report) Structure, Governance and Management Gove.'ning Document ie L EdELifr 01 I rienos oi il)E Lyn'iinglon l orec- il Cilcl Ilobie Lompdfill iifi'iilEd by gu2 I dl'iiee is therefore governed by its Memorandum dnd Articles oated 4 June 1998 and niosl recently aniended and updated on 2 September 2019. The League operates under the working title of "Lymin8ton Hospitsl Friends-. Recruitment and appointment of Trurtees The Trustees have a broad range of expertlse and experience and they wish to ensure that this is maintained and developed according to the skills needed and of benefit to the Charity, Interest is always welcomed from Indivlduals who may wish to become a Trustee and add to this experience. Trustees are appolnted or re-appointed by the Members at the Annual General Meetin& One third of the Trustees must ietire at each AGM but may stand for re-election until a total of 9 years ha5 been served. Additional Trustees may be co-opted on to the Board between AGMS to serve for the rest of a financial year. At the next AGM they would be required to stand for re-election. The Board must have a rninirnum of 3 TrLtstees but onnot exceed 15 Trustees. Trustees are encoura8ed to be farnillar with the practtcal work of the Charity when they Join the Board and, on appointment, are provided with detailed information and support to gain a greater knowledge and encouraged to attend trainlng, where appropriate. Organlsatlonal Structure The Trustees meet a minlmum of 6 times a year, although typically more often to review operations, finances, funding requests, project progress and future plans. Trustees visit the Charity and Hospital between meetings to further the work of the Charity. Major rlsks and mana8ement of these ilsk Hospitol Relotion5hip Regular meeilng5 are held between the Charity and the Hospital to ensure there is a regular transfer of Information on the activities and plans of both bodies. The Charity's Operations Manager Is located at the Friends office in the Hospital and maintains a regular relationship with Hospital staff. Stoff ond Volunteers An experienced Operations Mana8er is employed. Polices and manuals are Sn place to guide volunteers and rotas maintained to ensure the League provides the experted services. Retail Operation5 These activities are managed by the Operation5 Manager on a day-to4ay basis supported b experienced volunteers. All transactions are by secure card payment. The Manager monitors and manages stock. margins, waste and volunteers. The League of Friends of the Lymington New Forest Hospital Trustees Report {Indudlng Oirectors Report) Administr3tive details Printlpal Office League of Friend5 Office Lyminglon New Forest Hospital Wellworthy Road Lymin8ton Hampshire S0418QD Company ReOstfatlon No. 03575712 Charlty Re8lstfafjon No. 1070233 Sollcltors Paris Smlth l London Road Southampton Hampshl S015 2AE Bankers Lloyds Bank 98 Vlctorla Street London SWIE 5JL CAFBank Kings Hill West Malling ME19 4TA Independent Examlner Hope Jones 23A Spencer Road New Milton BH25 68Z The Trustee Report was approved by the Trustees of the Charlty on 11 December 2024 and sjgned on thelr behalf by. Mlchael Hodge Trustee The League of Friends of the Lymington New Forest Hospitsl Independent Examiner's Report to the trustees of The League of Friends of the Lymington New Forest Hospital I report to the charity trustee5 on my examination of ihe accounts of the charily for the year er)ded 3 1 Ma rch 1024 11,hi(h. dre cei DUI on p3ges ?Ito 23. r4Ecpecl"'.Iyfr I"F.e porypjt..:; cl E.y.2pViiftEt Iiupiees ol ifie Lei*sue ol Fite*do ul Ik..p LsimingiOI INevi Foieti kiOSPiidl land alsci ils directors for the purposes of company lawl you are responsible foi Ihe preparalion ol the accounls i n accordance with the requirements of the Companies Act 2006 ('the 2006 Act'l Having satisfied myself thal the accounls of The League of Friends of the Lymington New Forest Hospit8l are not required to be audiled under part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the charities Act 2011 1.the 2011 Act'}.In carrying out my examination I have lollowed the directions given by the charity commission under section 145(51(b) ofthe 2011 Act. Independent examlner's statement Since The League of Friends of the Lymington New Forest Hospital gross income exceeded £25.000 your examiner must be 8 member ot a body listed in section 145 of the 2011 Act. I confirm Ihat l am quallfied to undertake the examination because l am a member of ICAEW. which is one ofthe Ilsted bodies. I have completed my exarnination. I confirm Ihat no matters have come lo myattenlion in connection with the examination giving me causelo believe: 1. Accounting records bvere not kept in respectof The League of Friends ofthe Lymington New Forest Hospital as required by section 386 ofthe 2006 Act" or 2. The accounts do not accord with those records; or 3. The accounts do not complywithlheaccounting requirements ofseclion396ofthe 2006Actother than any requiremenl that the accounts give a'true and fairview, which is not matter considered 8s part of 8n independent examination; or 4. The accounts have not been prepared in accordance wlth the methods 8nd prinoipais of the Statement of Recommended Practice for accounting and reporting by charities {applicable to ch8rities prep8rinE their accounts in accordance with the Financial Reportlngstandard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no other matters in connectlon with the ex8min8tion to which 8ttention should be drawn In thls report in order to enable a proper understanding of the accounts to be re8ched. Paul Root BA FCA Hop8 Jones Ch8rtered Accounlants and Registered Auditors Dunlop House 23a Spencer Road New Milton Hampshire BH25 6BZ Dated Page 6 The League of Friends of the Lymington New Forest Hospital Statement of Financial ActiVFties for the Year Ended 31st March 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains cnd Lorret U r..re¢tric;"eo Reslt'icl ed Furids 1024 Note Income and Endowments From: Donations and legacies Investment income 99,989 8,787 99,989 8,787 Total Income 108,776 108,776 Expendlture On: Raising funds Charitable activities Governance costs 881 182,115 39,520 881 244,119 39,520 62,004 Total Expenditure G3ins/losses on investment assets 222,516 -98,992 62,004 284,520 -98,992 liel Iiicome -14,748 -62,004 -76,752 Net movement in funds -14,748 .62,004 -76,752 Reconclllation of funds Total funds brought fonvard 2,051,529 93,000 2,144,529 Total funds carried forward 16 2,036,781 30,996 2,067,777 Page 7 The League of Friends of the Lymington New Forest Hospltal Statement of Financial Activities for the Year Ended 31st March 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains 2ryc. Lo¢ce Jriresiricted Funds Re