Company re8iStration number 03575712 Charity registration number 1070233 The League of Friends of the Lymington New Forest Hospital IA 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 •AtXNCBRE* 2510112025 COMPANIES HOUSE A12 #42 The League of Friends of the Lymington New Forest Hospital Contents Trustees, Report Ito5 Independent Examiner's Report Statement of Financial Activities 7t08 Balance Sheet 9tolO Notes to the Flnancial Staternents Ilto23 The League of Frfends of the Lymington New Forest Hospital Trustees Report {Including Dirertors Report) The Trustees, who ale directors for the purposes of comp3ny13w, present that Annual Report tO8ether with the Financial Statemer)Is of the charitable company (or the year ended 31 March 2024. Trustees Mr A A En8land {Joint Chair} Mr M Hodges {Joint Chair} Ms C A de Hautvllle Bowell (appointed- 6 December 20231 Ms A J Bowman Dr F C B Houlford Iresi8ned - 6 December 2023) Mr D Mackew lappoSnted- 22 May 20241 Mr A Mann (resigned- 12 February 2024) Mr H C Nash {deceased- 30 July 20241 Dr C D R05eveare {appointed - 12 February 2024} Or T G A Sterling {appointed- 12 February 2024) Objectives and artivitles Objerts and alms To relleve patients of the Lymington New Forest Hospital in Hampshire and former patients of the Lymington Hospital and Lymington Infirmary at Lymlngton in Hampshire and other irwalids in the community who are sick, convalescent, dlsabled, handicapped, inform or in need of fi'nanclal a55iStance and, 8enerally* to support the harltable work of the hospital. One of our alm51s to help provide locally for dla8nosls and treatment, rather than having to travel to Southampton or Bournemouth. The Lea8ue depends wholly on Its Members, Volunteers and the 8eneral publlc for its 8eneration of funds. Objertlvu. Strate8les and beneflts. Its prime objectives are io 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 Hospital when that equipment is not available through normal NHS channels or fundln8. In order to achieve this objective and to generate funds necessary to support these amenities, the Charity carries out fundralslng activitles both throu8h appeals and other actlvlties. These fundraising activities can both be specifi'c and targeted towards specih'c equipment or to collect 8eneral funds on an ongoing basis, In addition. it provide5 amenities within the Hospital by operating a shop (through its trading subsidiary). Publlc Benefit The Charity has satisfied its public benefit responsibilities by its continued support of patients, patlent 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 wide range of small. and large equipment for many departments and the community. These items range from free daily newspèper5 and 3ctivitt.es f¢ir patients, reh3bilitati.on clas'ses and aids for stroke pahents. Tvs for pab'ent w3itrng areas to home thermometers ond aids lo support community teams. Signih'cant equipment items included Blood Pressure and Resustitation Monitors. Colonoscopes, Pressure Mapping equipment to significantly enhance the service available to the general public in a number of medical disciplines. In addltlon, the charity has built a woodland Wellbein8 Trial in the grounds of the hospital a5 well as replacln8 and updating the signage across the hospital to aSSi5t patients and visitors. The Trustee5 confirm ihat they have complled wlth the requlrements of sectlon 17 of the CharltSes Act 2011 to have due regard to the public benefit guidance published by the Charlty Commission. Use of Volunteevs Durin8 the financial year, due to the ongoing effects of COVID 19, the Charity contlnued to be lrnpacted in its ability to provide volunteering servlces within the hospital. However, we are pleased to advise that we tarted patient faclng services (Ward Frlends} durin8 the year. The Friends shop offerln8 a ran8e of products operated throughout the year. The Charity rernains grateful to the Volunteers for their wlllingness to provlde tlme to support servlces 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 dlfficult to value financlally but make a very valuable and essentlal contrlbutlon to the League of Friends and the Hospltal Achlevements and perforniance The Charity has contlnued to collaborate with Southern Health NHS Trust who provlde a ran8e of care In the Hospltal and Partnerin8 Health Ltd {who provide Urgent Treatment Services for the NHS within the Hospital) to support the provision of facilities 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. Durin8 the year the Charity donated £164,882 to the hospital in order to purchase various equipment Includin8 Blood and Resuscitation Monitors, Colonoscopes and Pressure Mapping equipment. together with a number of smaller items. The Charity also designed and installed a Wellbeing Trail in the Hospital Grounds and updated all the hospital signage to aid patient and vlsitor navigation. In addition, the Charity spent £17,167 on patient arnenities includin8 newspapers, stroke ward supplies, Kin8s Coronation, Christmas and New Year activities to enhance patlent care, In 2023, the Charity was donated £77,500 by the Leon Crouch Foundation a significant portion of which was used in 202314 to develop a Wellbeing Trail within the hospital grounds. The remainder has been retained for the further development of the gardens and to provide facilifjes for staff use when on breaks from patient care which are currently being a8reed with the hospital. The Charity cont5nues 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 contlnuing our support Ihrough 2024125 and have already a number of projects in pro8ress which wlll further this objertive. We have donated or expended over £l,l)00,O(Kl in the last 4 years to support patients in the hospital and community and in excess of £4 million since 1952. Financlal Revlew This year there has been a decrease in funds of £76'.75212023 increase of £119.688). This decrease is largely attributable the charity spending exce55 funds raised in ihe previou5 linancial years. This was partially offset by a gain on investments in the current year of £98,99212023 loss of £6,295). Policy on Reserves Unrestricted funds have fallen from £2,05 1,J29 to C2,036.781 durin8 the year a decrease of £14,748. The majority of the decrease relates to the conscious decision of the Trustee to spend legacies and restricted donations received in recent financial years but not able to be spent in those years. £1,000,000 of the reserves represent the cost of the land OTr which the Hospital is built and are not readilv available. The Trustees have resolved to commit as much of the Charity's resources as p055ible to the League's objectSves whlst fetalnln8 suffi'cient reserves and investrnents to enable future donations whlch can individually be substantial In size. Although the Trustees wlll conilnue to fundra15e, where approprlate, to match purchases for the benefit of the Hospital, it is P0S5ible reserves may decrease in future due to fulfilling Hospital funding requests. Investment pollry and objertlves The Charity malntalns liquidity throu8h the use of Lloyds Bank, CAFBank and a number of deposlts with selected other banks to invest surplus cash awaitlng donatlon or investment. In addillon, the Charlty holds an Investment In the COIF Charltles Investment Fund whlch totalled £903,184 at 31 March 2024. The objectives ofthe COIF Charitles Investment Fund are to provide long term total return comprising both 8fOWth in capital and income. The Fund follows a client driven ethical investment policy, Golng Con¢ern These accounts have been prepared on a going concern basis. The Trustees consider the Charity is well placed to continue to operate for the foreseeable future. The League of Friends of the Lyrnington New Forest Hospital Trustees Report (Induding Directors Report) Structure, Governance and Management Governing Document The Le3gue ol Friends of ihe Lyminglon New Foresi Hospital is a charitable company limited by.guafantee and is therefore governed by its Memorandlthm and Arricles dated 4 June 1998 and most recently amended and updated on 2 September 2019. The Lea8ue operates under the working title of"Lymington Hospital Friends.. Recruliment and appoSntment of Trustees The Trustees have a broad range of expertlse and experlence and they wlsh to ensure that thls Is maintained and developed accordin8 to the ski115 needed and of benelit to the Charlty. Interest is always welcomed from indlviduals who may wlsh to become a Trustee and add to this experience. Trustees are appointed or re-appointed by the Members at the Annual General Meeting, One thlrd of the Trustees must retkre at each AGM but may stand for re-ele¢tton untll a total of 9 years has been seThed. Additlonal Trustees may be co-opted on to the 8oard between AGMS to serve for the rest of a financlal year. At the next AGM they would be required to Stand for re-election. The Board must have a rnlnimum of 3 Trustees but onnot exceed 15 Trustees. Trustees are encouraged to be farniliar wlth the practical work of the Charity when they join the Board and, on appointment, are provided wlth detalled Informatlon and support to galn a 8reater knowled8e and encouraged to attend training, where appropriate. Or8anl$4tlonal Structurè The Trustees meet a mlnimum of 6 times a year, although typically more often to review operations, finances, fundln8 requests, project progress and future plans. Trustees vlsit the Charity and Hospital between rnee￿n8s to further the work of the Charity. Major rlsks and management of these rlsks. Hospital Relotionship Re8ular meettngs are held between the Chaiity and the Hospltal 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 Frlends office In the Hospltal and malntains a regular relatlonshlp with Hospltal staff. Stoff ond Volunteers An experienced Operations Manager Ss employed, Polices and manuals are in place to guide volunteers and rotas maintained to ensure the Lea8ue provides the expected services. Retail Operations These activities are managed by the Operatlons Manager on a day-to-day ba51S SUPPOrted b experienced volunteers. All transactions are by secure card payment. The Mana8er monitors and rnanages stock. mar8ins, waste and volunteers. The League of Frlends of the Lymlngton New Forest Hospital Trustees Report (Induding Directors Report) Admlnlstrative details Pilnclpal Office League of Friends Offi'ce Lymingion New Forest Hospital Wèllworthy Road Lymington Hampshire S0418QD' Company Reglslradon No. 03575712 Ch•rlty Re8lslradon No. 1070233 Sollcltors Parls S'mith l London Road Southampton H3mpshif.e SOIS 2AE Bankefs. Lloyds Bank 98 Vlctorla'street London SWIE SJL CAF6ank Kings Hill West Malling ME19 4TA Independeni Examlner Hope Jones 23A Spencer Road New Milton BH25 68Z The Trustee Report was approved by the Trustees of the Charlty on Ilth Oecember 2024 and 518ned on thelr behalf bv. Mlchael Hodge Trustee, The League of Friends of the Lymington New Forest Hospital Independent Examiner's Report to the trustees of The League of Friends of the Lymington New Forest Hospltal I report to the charity tru5tee5 on my examinah'on of the account5 of the charity for the year ended 31 March 2024 which are set out on pages 7t0 23. Respective iesponsibillties of trustees and examiner As the chaFily'S trustees ol ihe League of Friends of the Lymington New Forest Hospital land also ils directors for. the purposes of company lawl you are responsible for the preparalion of the accounts in accordance with the requirements ofthe Companies Act 20061.the 2006 Act'l Having satisfied myself that the 8ccounts of The League of Friends of the Lymington New Forest Hospital 8re not required to be audited 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 20111.the 2011 Act').In carrying out my examination I have followed the directions given ty Ihe charlty cornm188ion under sectlon 14515){bl ofthe 2011 Act. Independent examlner's stalem8nt Since The League of Friends of the Lymington New Forest Hospital gross income exceeded £25.000 your examiner must be a member ot a body listed in sectlon 145 of the 2011 Act. I confirm that18m qualified to undertakelhe ex8mination because l am a member of ICAEW. which18 one olthe Ilsted bodles. I have completed my examlnatlon. I confirm that no matters have corne io my 8iientlon In connecllonwllh the examination giving me cause to believe". 1. Accounling recordswere not kepi in respect of The League of Friends oflhe Lymington New Forest Hospital as requlred by section 386 ofthe 2006 Act: or 2. The accounts do nol accord with those records; or 3. The accountsdo nol complywilhlheaccountingrequirements ofsection 396 ollhe 2006Acl other than any requirement that the accounts give 8'true and f8ir vlew, whlch18 not m8tler con81dered as part of an independent examinalion: or 4. The accounts h8ve not been prepared in accordance with the methods and prlncip81s of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities pieparlngtheir8ccounis in accordancewilhthe Financi81 Reporting&andard applicable In the UK and Republic of Ireland IFRS 102}). I have no concerns and have come across no other matters in connectlon wlth the examlnation to whlch aneniion should be drawn in this report in order to enable a proper understanding of Ihe accounts to be reached. Paul Root BA FCA Hope Jones Chartered Accountants 8nd Registered Audltors Dunlop House 238 Spencer Road New Milton Hampshire BH25 6BZ Dated Page 6 The League of Friends of the Lymington New Forest Hospital Statement of Financial Artivitles for the Year Ended 31st March 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted Funds Restricted Fun6s Total 2024 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: Ralsing funds Charitable activities Governance costs 881 182,115 39,520 62,004 244,119 39,520 Total Expenditure Gains/losses on investment assets 222,516 -98,992 62,004 284,520 -98,992 Net income -14,748 -62,004 -76,752 Net movement in funds -14,748 -62,004 -76,752 Reconclliation of funds Total funds brought forward 2,051,529 93,000 2,144,529 Total fund5 carried forward 16 2,036,781 30,996 2,067,777 Pa8e 7 The League of Friends of the Lymington New Forest Hospital Statement of Financial Artivities for the Year Ended 31st March 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricte<É Funds Restricted Funds Total 2023 Note Income and Endowments From: Donations and legacies Investment income 95,974 1.361 92,500 188,474 1,361 Total Income 97,335 92,500 189,835 Expendlture On: Raising funds Charitable activitie5 Governance costs Total Expenditure Galns/losses on Investment assets 286 28,145 34,791 63,222 6,925 286 28,145 34,791 63,222 6.925 Net income 27,188 92,500 119,688 Net movement In funds 27,188 92,500 119,688 Reconclllatlon of fund5 Total funds brought forward 2,024.341 500 2,024,841 Total funds carried forward 16 2,051,529 93,000 2,144,529 Page 8 The League of Friends of the Lymington New Forest Hospital (Registration Number: 03575712 Balance Sheet as at 31st March 2024 2024 2023 N.ote Fixed assets Tangible assets Investments 12 13 I,i)00,000 903,184 1,903,184 I,000,ooK) 804,193 1,804,193 Current assets Debtors Cash at bank and in hand 14 9,842 156,576 166,419 9,549 405,067 414,616 Credltors: Amount5 falllng due within one year Net Current Assets 15 -1,825 164,594 -74,280 340,336 Net Assets 2,067,777 2,144,529 Funds of the charlty: Restrlcted Income funds Restricted funds 30,996 93,000 Unrestrlcted Income fvnds Unrestricted funds 2,036,781 2,OSI,529 Total funds 16 2,067,777 2,144,529 For the financial year ending 31 March 2024 the charitable company was entitled to exemption from audit under section 477 of the Companie5 Act 2006 relating to small companies. The members have not required the company to obtain an audit of It5 financial statements for the year ended 31 March 2024 in accordance with section 476 of the Companies Act 2006. The trustees acknowledge their responslbility for la) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and {b} preparing financial statements which give a true and fail view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each finacial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial staternents. so far as applicable to the charitable company. Page 9 The League of.Frlends of the Lyrriington New Fore'st Hospital IRegistratlon Number: 03575712 Balance sheet.as at 315t.Mar.ch 2024 These acco.unts have been prepa￿d in,accord'ance with the pr,ov,ision.s applicable to companies subject to Ihè sm31 compariies:.regime. The financial statements on pa'ges 7 to 2-3 were approved by,the trustees and authorised for issue. on the Ilth December 2024 and signed on their behalf by. Mlc ael Ho Trustee . Page 10 The League of Friends of the Lymington New Forest Hospital Notes to the Financial Statements for the Year Ended 31 March 2024 Charity Status The charity is limited by share ca pital, incorporated in England. The address of its registered office is: League of Friends Office Lymington New Forest Hospital Wellworthy Road Lymington New Forest Hospital Hampshire S0418QD countlng policies Summary of 518nthcant accountln8 pollcles and key accountlng estlmates The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. Statement of compllance The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charltles preparlng thelr accounts In accordance with the Flnancial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective l January 2019, the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102). the Charities Act 2011 and the Companies Act 2006. Basls of preparatlon The League of Friends of the Lymington New Forest Hospital is a charitable company limited by 8uarantee incorporated in England and Wales and meets the deflnltlon of a publlc beneflt entity under FRS 102. Assets and liabilities are initlally recognised at historical cost or transaction value unless otherwise stated in the relvant accounting policy notes. The address of the registered office Is given in the charity information on page 3 of these financlal statements. The nature of the charlty's operatlons and prlnclpal activlties can be found in the Trustees, Report on page l. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £1. Going concern The charity's Financial Statements show a net loss of £76,752 for the year a'nd free reserves of £2,067,777 as at the year end. The trustees are of the view that these results and fundraising plans for the future have secured the Immediate future of the Charity for the next 12 months and on this basis the charity is a going concern. Page 11 The League of Friends of the Lymlngton New Forest Hospital Notes to the Flnanclal Statements for the Year Ended 31 March 2024 Accounting policies (continued) 'Exempt40n from preparing a cash flow statement The charity opted to adopt Bulletin I published on 2 February 2016 and hove therefore not included a cash flow statement in these financial statements. Exemptlon from preparlng group accounts The company is a parent company subject to the small companies regime. The company and its subsidiary comprise a small group. The company has therefore taker• advantage of the option provided by section 398 of the Companies Act 2006 not to prepare group accounts. Income and endowments All income is recognised once the charity has entitlement to the income, it is probable that the income wlll be received and the amount of the income receivable can be measured reliably. Donations and legacles Donations are recognised when the charlty has been notlfled In writlng of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognlsed until elther those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period. Legacy gifts are recognised on a case by case basis following the grant of probate when the administratorlexecutor for the estate has communicated in writing both the amount and the settlement date. In the event that the gift is in the form of an asset other than cash or a financial asset traded on a recognised stock exchange, recognition is subject to the value of the gift being reliably measurable with a de8ree of reasonable accuracy and the title to the asset havlng been transferred to the charlty. Other tradlng actlvltles Other trading activity income comprises of events income, sponsorshlp Income and membershlp subscript5ons. Investment income Investment income comprises interest receivable on bank deposits and Investment Income from the fixed asset investments held by the charity. Ralsing funds These are the costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds for example fetes and stalls. Page 12 The League of Frfends of the Lymlngton New Forest Hospital Notes to the Financial Statements for the Year Ended 31 March 2024 Accountlng. policles (continued) Expenditure All expend ilure is reco8nised once there is.a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount ca n be measured relia bly. All costs are allocated to the applicable expenditure heading that aggreEate 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, Wlth the central staff costs allocated on the basis of time spent, and the depreciatlon charges alocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. Charitable artivities Charitable expenditure comprlses those costs incurred by the Charity in the dellvery of Its activities and services for its beneficiaries. Governance costs These Include the costs 3ttributable to the charity's compliance with constitutlonal and statutory requirements, including audit, strategic management and trustee's meetings and reirnbursed expenses. Taxatlon The company is a registered charity and therefore, is not liable lor incorne tax or corporation tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities. Tangible fixed assets Individual fixed assets are inltially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment costs. Depreclatlon and amortlsatlon Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over the expected useful economic life as follows: Asset class Depreclatlon method and rate Freehold land Not depreciated Office equipment 33.33% straight line basis Business combinations Business combinations are accounted for under the purchase method. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by the charity. All intra-group transactions, balances, income and expenses are eliminated on consolidation. In accordance with section 35 of FRS 102, section 19 of FRS 102 has not been applied in these financial statements in respect of business combinations effected prior to the date of transition. Page 13 The League of Friends of the Lymington New Forest Hospltal Notes to the Financial Statements for the Year Ended 31 March 2024 Accounting policies (continued) Fixed asset inve