Company registration number. 06013417 Charity registra110n number. 1117967 League of Friends of Weston General Hospital IA company limited by guarantee) Annkjal Report and Financial Slalemenls for the Year Ended 31 December 2023 WESTCOTTS CHAR TERED ACCQUT4TANTS
League of Friends of Weston General Hospital Contents Reference and Adminislralive Details Strategic Report Trustees, Report 3to4 I ndependenl Ex3miner's Report Slalemenl of Financi81 Activities Balance Sheet Notes lo the Financial Slalemenls 81020
League of Friends of Weston General Hospital Reference and Administrative Details Chairman A B Williams, (Appointed 29 Sèptember 20231 Trustees N Cormack, IAppc)inted 21 November 20231 J Rowdon E A Bell. IResigned 29 September 20231 M Pillman. (Appointed 29 September 20231 P Storey JGShaw C Staff M A Brees R E Mallhews A H Davie5 M Williams. (Appointed 29 September 20231 A B Williams, (Appointed 29 September 20231 Charity Registration Number 1117967 Company Registration Number 06013417 The charity is incorporatecl in England and Wales. Tallford House 38 Wjalliscole Road Vveslon-super-mare Somersel BS23 1 LP Reglstèred Office Principal Office Weston General Hospital Grange Road Weslon-super-mare BS23 4TQ Auditor Weslcotts ISWI LLP Tallford House 38 Walliscole Road Weslori-supei-mdl Somersel BS23 1LP Page 1
League of Friends of Weston General Hospital Strategic Report for the Year Ended 31 December 2023 The Iruslees, who are directors lor the purposes ol company law, present their strategic report lor the year ended 31 December 2023, In compliance with $414C of the Companies Act 2006. Achievements and performance 2023 continued our recovery from the panaemic and the changes arising following the merger ol Bristol and Weston Hospitals We had onSiderablY reduced number of volunteers, bul despite this was able lo resume Dperating the Hospital shop at the eu51omary opening times for 7 days a week The shop has performed strongly with ILirnover almost doubling when compared wilh the prioi year. We have continued lo support Ihe Weston Area Health Trust. and have purchased iletns and equipment during the year tolalling £59.501 As lo lotward performance In 2024, we have agreed lo, in principle. a number ol further purchases for the Trust 11 is Important lo note we do find there Is often a time lag behveen our agreements and the actual costs coming fopNard Financial review The charity has the powef to set aside Income as a reserve against lulure expenditure Prirnarily resetves are held lo meet the lundiig requests of the Weston Area He211h Trust for items ol medical and ancillary equipment which by their nature are ol high value Reserves are also held lo meet governance costs lor 81 least years which Is deemed prudènt in the event ol a significant drop In inGome. Significant reserves are held lo meet both of these All reserves are kept in cash and presently 1115 agreed we will not make investments In stock market related products and services. Our objective Is lo maximise investment wilhoul taking undue risk Al the year end there was £207.762 helcS in Unrestricted ILJnds There are no funds In delicil or any Item of a financial nature DI concern lo the Management Committee. Other than the Income from the Hospital Shop we rely heavily on donations and legacies for our Incomè and we greatly appreciate the support we receive from the general public, clubs and societies The slialegic report was approved by the trustees of the charity on Z7'".w.-LF and signed on Ils behal lams Chairman and Iruslee Page 2
League of Friends of Weston General Hospital Trustees, Report The Iruslees. who are directors lor the PLJfp05es of company law, present the annual report together with the financial statements and auditors, report ol the charitable company for the year ended 31 December 2023 Objectives and actlvltie5 Our charitys purpose as Sel out in the objects contained In the companys Memorandum ol Association is.. 'Ihe relief of patients and IDimer patients of Weston General Hospital who are sick. convalescent. disabled handicapped or Infirm or in need ol financial assistance and generally. lo support the charitable work of VJeslon General Hospital,. The aims of the charity are lo increase the level of relief within the hospitals through. al the provision of new equipment, which ensures Irealrnenl with the lalesl and most sophislicaled equipment possible. t)) the provision of services 10 patients which help make their stay in hospital as comfortable as possible. Our aims fLJlly reflect the purposes that the charity was sel up lo further 3nd following review the Committee have made no amendments during the year We have referred lo the guidance in the Charity Commission's general guidance on pijblic benefit In making this decision Public benefit The Iruslees have continued lo run the shop lo raise income available lor hospital Improvements lo benefit the public. The Iruslees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard lo Ihe public benefit guidance published by the Charity Commission for England and Wales Structure, governance and management The org£nis31ion is a charitable Company limited by guarantee. incorporated Dn 29 November 2006 and registered a5 a charity on 14 February 2007. The company was established under a Memorandum of Association which established the objects and pov4ers of the charitable Company and Is gnvp.rnp.rl Iindp.r Ils Artir.Ip,s nf Agqor.iAlinn In the event of the Company being wound up members are required lo contribute and amount not exceeding £10 The directors of the Company are also charity Iruslees lor the purpose5 of charity law and under the Company's Articles are elected lo serve for a period of 3 years after which they musl be re-elected al the next Annual General Meeting They form the Management Committee. New Tiustees are appointed by the Management Commilleè as required. Our airn being lo maintain a committeè that has a wide range of experience that can be used lo guide the Charity and further Ils Dbieclives. The Iruslees undertake appropriate induction and training In order lo undeisland :. he particular way the charily operates and lo keep up to dale with the regulatory changes that affect the charity. All directors give their lime voluntarily and receive no benefits from the charity. Page 3
League of Friends of Weston General Hospitsl Trustees, Report Statement of trustees. responsibilities The Iruslees are responsible lor the maintenance and integrity of the corporate and financial Information Included on the charitable company's website Legislation governing the prep8ratlDn and dissemination ol linancicil statements may differ from legislation in olher jLJrisdictions. The annual report was appioved by the trustees of the charity on 2.7.-.a.q.- signed on ils beh 11 by Cha man and Iruslee P2ge 4
League of Friends of Weston General Hospital Independent Examiner's Report to the trustees of League of Friends of Weston General Hospital I'the Company'l I report to the charity trustees on my examination ol the accounts ol the Compa ny for the year ended 31 December 2023. Responsibilities and basis of report As the charity's Iruslees ol the Company land a150 Ils directors for the purposes ol company lawl you are responsible for the preparation of the accDLJnts in accordance with the requirements of the Companies Act 20061'the 2006 Acl'l. Having Satisfied myself that the accounts of the Company are not reqLJired lo be audited under Part 16 01 the 2006 Act and are eligible lor Independent examination, I report in respect ol niy examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 1 the 2011 Acl'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examiner's statement I have completed my examination. I confirm that no mallers have come lo my allenlion In connection with the examination giving me cause lo believe.. 1 accounling records were not kept in rèspect ol League of Friends ol Weston General Hospital as required by section 386 of the 2006 Act, or 2 the accounts do not accord with thos& records, or 3. the accounts do not comply with the accounting requirem2nls of section 396 of the 2006 Act other than any requirernenl Ihal the accounts give a 'lrue and fair view, which is not a matter considered as part ol an independent examination, or 4. the accounts have not been prep3red in accordance with the methods and principles of the Slalemenl Df Recommended Practice for accounting and reporting by charities lapplicable lo charities preparing their accounts In accordanGe with the Financial Reporting Standard applicable In the UK and Republic ol Ireland IFRS 10211. I have no concerns and have come across no other mallers in connection with the examillalion lo which allenlion should be drawn In this report In order lo enable a proper understanding ol the accounts lo be reached Peter Lo FCA ax Tallford House 38 Walliscole Road Weslon-super-mare Somerset BS23 1 LP Dale... Page 5
League of Friends of Weston General Hospital Statement of Financial Activities for the Year Ended 31 December 2023 Ilncluding Income and Expenditure Account and Statement of Total Recognised Gains and L05ses) Unrestricted funds Total 2023 Total 2022 Note Income and Endowments from.. Donations and legacies Other trading activities Investment incorne 3.900 168,893 1,655 3.900 168,893 1,655 16.422 85.837 244 Total income 174.448 174,448 102,503 Expenditure on- Costs of other trading activities Expenditure uii charitable activities Total expenditure 1122.0751 165.3731 1122,0751 165.3731 167,0611 114,1841 1187,448 11874481 113.0001 181,2451 Nel lexpendilurellincome 13,0001 21,258 Nèl movement In funds 113,0001 113,0001 21,258 Reconciliation of funds Total funds brought forward 220 762 220.762 19 Jtr 503 Total funds carried forward 207,762 207,762 220,761 All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2022 is shown In note 18. The notes on pages 8 to 20 form an integral part of these financial s13temenl5. Page 6
League of Friends of Weston General Hospital (Registration number: 06013417) Balance Sheet as at 31 December 2023 2023 2022 Note Fixed assets Tangible assets 1,698 2,274 Current assets Stocks Debtors Cash al bank and in hand 14 10.929 290 200,633 211,852 7.092 268 214,317 221.677 Creditors- Amounts falling due within one year 16 15,7881 3,190 Net current assets 206,064 218,487 Net assets 207,762 220.761 Funds of the charity.. Unrestricted income funds Unreslricled funds 207.762 220 761 Total funds 207.762 220,761 The financial slalemenls on pages 6 10 20 were approved by the trustees, and aulhorised for issue on z1 - 01.-lignd signed on their beh811 by". A B Williims Chairman 2nd Iruslee The notes on pages 8 10 20 form an Integral part of these financial s121emenls. Page 7
League of Friends of Weston General Hospital Notes to the Financial Statements for the Year Ended 31 December 2023 1 Charity status The charity Is limited by guarantee, incorporaled In England and IN31es, and consequently does not have share capital Each of the Iruslees is liable lo contribute an amount not exceeding £10 towards the assets ol the charity In the event ol Iiquidalion The address of Ils registered office is. Tallford House 38 Walliscole Road Weston-super-mare Stsmersel BS23 1LP 2 Accounting policies Statement of compliance The financial statements have been prepared In accord3nce with Accounting and Reporting by Charities Slalemenl Df Recommended Practice (applicable lo charities preparing their accounts In 2ccordarnce with Ihc Financial Reporting Standard applicable In the UK and Republic of I reland l FRS 10211 (issued in October 20191 Icharilies SORP IFRS 10211, the Financial Reporting Stgndard applicable in the UK and Republic of Ireland IFRS 1021, the Companies Act 2006 and the Charities Act 2011 Basis of preparation The financial slalemenls have been prepared on the historical cost basis, as modified by the revalLJalion of certain financial asse15 2nd liabilities and investment properties measured al fair value through Income or expenditurè The financ121 statements are prepared in sterling. which ,'s the functional currency of the enlily. Going concern There are no material uncertainlies about the charity s ability lo continue The charity has sufficient reserves so that If there were closures to the shop they would still be In a strong position Disclosure exemptions The charity has taken advantage of the exemptions In the Charities SORP IFRS1021 Including the requirement to produce a cashllow statement because Il is classed as a small charity. Volunteers The value of services provicled by volunteers Is not incorporated Into the financial slalemenls Further details Df the contributions made by volunteers can be found in the Trustees annual report. Page 8
League of Friends of Weston General Hospital Notes to the Financial Statements for the Year Ended 31 December 2023 Judgements The preparation ol the financial statements requ Ires management lo wake iudgemenls, eslimales and assumptions that affect the amounts reported. These estimates and iudgemenls are continually reviewed and are basecj on experience and other factors, including expectations of future events that are believed lo be ieasonable under the circumstances. Key sources of estimation uncertainty Accounting eslimales and assumption5 are made concerning the future and, by their nature, will rarely equal the related aclual outcome The key assumptions and other sources of eslimalion uncertainly that have a significant risk of causing a m3ter131 adjuslmenl lo the carrying amounts of assets and liabilities within the next financial year are the estimation of depreciation rates lo write off assets over their useful economic life Incoming resources All income Is Included In the slalemènl ol financial activities when enlillemenl has passed lo the charity, il Is probable thal the economic benefits associated with the trans2Ction will flow to the ct)ariiy and the amount can be reliably measured. The amount recognis&d is slated riel of VAT The following specific policies are applied lo particular categories ol Income. Income Irom donations or grants is recognised when therè Is evidence of enlillement lo the gift, receipt is probable and Ils amount can be measurèd reliablg Gift Aid receivable Is Included In Income when there Is a valid declaration from the donor Any Gift Aid amount recovered on 2 donation Is considered lo be part of that gift and Is treated as an addition lo the same fund as the Initial donations unless the donor or the terms ol the appeal have specified olherNise. LegaGy income Is recognised when receipt Is probable and entillemenl is established. Income from donated goods Is measured at the lair value ol the goods unless th15 is impractical lo measure reliably, In which case the value is derived from the cost of the donor or the e51imaled resale value. Donated facilities 2nd services are recogn15ed in the accounts when received il the value can be re113bly measured. No amounts are included for the contribution of general volunteers Income from contracts for the supply of seNices is recognised with the delivery ol the contracted seNice. This Is c12ssilied as Ljnreslricled funds unless there Is a contractual requirement lor Il lo be spent on a particular purpose and returned if unspent, in which case il may be regarded as restricted Incom& from interest is included in the accounts when reGeipl is probable and the amount receivable can be measurèd reliably. Membership subscriptions received In the nature of a gift are recognised In Donations and Legacies. Where tuinover is ;he amount cjerived from the provision of goodslservices, this Is slated after trade discoLJnls, other sales taxes ancj nel ol VAT. Page 9
League of Friends of Weston General Hospital Notes to the Financial Ststements for the Year Ended 31 December 2023 Resources expended Expenditure is recDgnised on an accruals basis as 8 liability 1$ 1ncurred. Expenditure Includes any VAT which cannot be fully recovered, and Is clasrilied undei headings ol the statement ol financial activities to which Il relates.. Expendiluie on raising funds InclLides the costs ol all fundraising aclivilies. events non-charilable trading activities. and the s21e of donated goods. Ixpellditure on charitable activities InclLJdes all costs Incurred by a charity In undertaking activities that further Its charitable aim5 lor the benefit ol Ils beneficiaries, Including those support costs and costs relating lo the governance ol Ihe charity apportioned lo charitable activities Other expenditure Includes all expenditure that is neither related lo raising funds lor the charity nor part of Ils expenditLire on chari12ble activities. All costs are allocated lo expenditure Galegories Feflecling the use ol the resoLJrce Direct costs attributable lo a single activity are allocated directly lo that aclivily. Shared costs are apportioned bet4veen the activities they conlribule lo on a Feasonable. iusliliable and consistent basis Expenditure on Charitable activities Expenditure on charitable activities IllLILide awards made lo the Weston Area Hoalth Trust towards the purchase ol furniture and equipment for the Hospital Costs of other trading activities Costs of other trading activities Consist ol purchases for the shop together with any other directly allribb;2ble costs Support costs Support GOSIS 1nelude central functions and have been allocated lo aclivily cost calegoiies on a basis consislenl with the use of resources for example 311ocaling property costs by floor areas, or per capila, staff costs by the time spent and other costs by their usage. Governance costs Governance costs comprise all costs involving the public accounlabilily ol the charity 2nd Ils compliance with regu121ion and good practice These costs Include costs relaled lo Independent cxJminalion 3nd Iggal f8es Tangible assets All fixed assets are Ini11311y recorded al cost. Page 10
League of Friends of Weston General Hospital Notes to the Financial Statements for the Year Ended 31 December 2023 Depreciation Depreciation Is provided on tangible fixed assels so as lo write off the cost or valuation of an asset, less Its residual v31ue. Over the expected u.%elul economic Ille ol that asset as follows" Depreciation method and rate 5 years slraighl line 15°/o reducing balance Asset clas5 Leaseyold Equipment Impairment of fixed as5et5 A review for Indicators of Imp2irmenl Is carried out al each reporting date. with the recoverable amount beillg eslim8led where such Indicators exist Where the carrying value exceeds the recoverable amount, the asset Is impaired accordingly. Prior Impairments are also reviewed lor possible reversal al each reporting dale. For the PLirposes of impairmp.nl lesling, Ivhen Il Is nol possible lo estimate the Fecover2ble amount ol an individuBI asset, an estimate is made ol the recoverable amount of the cash-generaling Ljnit lo which the asset belongs. The cash-geneialing unit Is the sm311esl Idenliliable group ol assets that includes the asset and generates cash inflows that are largely Independent ol the cash inflows from other assets or groups of 3ssels. Stock Stocks are measured al the lower of cost and eslimaled selling price less costs lo complete and sell. Cost Includes all costs ol purchase, costs ol conversion and other costs Incurred In bringing the stock lo Ils present location and condition. Fund accounting Unrestricted InC0e fund5 comprise those fullds, which the Iruslèes are free lo use for any purpose in furtherance ol the charitable obiecls Unreslricled funds Include designated funds where the Iruslees. at their discretion, have crealed a fund for a specific purpose Pagè 11
League of Friends of Weston General Hospital Notes to the Financial Statements for the Year Ended 31 December 2023 Financial instruments A financial asset or a financial liability Is recognised only when the enlily becomes a party to the conlraclual provisions of the Inslrumenl. Basic Iin2ncial Instruments are Initially recognised al the aniounl ieceivable or payable including any related Iransaciion costs, unless the arrangement conslilLiles a Iinanc1ng transaction where Il Is recognised al the present value of the lulure payments discounted al 8 market rale ol Interest for a 5Imilar debt Inslrumenl. CLJrrenl assets and current Iiabililies are subsequently measured al the Cash or other consideration expected lo be paid or received and not discounted Financial assets th31 are measured al cost or amortised cost are reviewed for objective evidence ol Impairment al the end of each reporting dale If thei? 1£ cTrhjp.ctive evidence ol impairment an impaifment loss Is recognised undei the appropriate heading In the s121errenl ol financial activities In which the Initi31 gain was recognised. Any reversals ol Impairment are recognised immediately, lo the exlenl that the reversal does not result in a carry1ng amount of the financial asset that exceeds what the carrying amount would have been had the Impairment not previously been recognised 3 Income from donations and legacies Unrestricted funds General Total 2023 Donations and legacies., Collection box Income Oonalions and legacies Membership subscriptions 769 769 2,857 274 2,857 274 3,900 3,900 Unrestricted funds General Total 2022 Donations and legacies", Collection box income Donations and legacies Mefflbership subscriptions 724 15,330 368 724 15,330 368 16.422 18.422 Page 12
League of Friends of Weston General Hospital Notes to the Financial Statements for the Year Ended 31 December 2023 4 Income from other trading activities Unrestricted funds General Total 2023 Trading income, Shop takings Events income., Fundraising evènts 168,778 168.778 115 115 168,893 168,893 Unrestricted funds General Total 2022 Trading income, Shop takings Events Income, lundra15ing events 85,544 85,544 293 293 85 837 5 Investment income Unrestricted funds General Total 2023 Inleresl receivable and similar income,. 8ank Interest receivable 1,655 1,655 1.655 1,655 Unreslricted funds General Total 2022 Interest receivable and similar Income, Bank interest receivable 244 244 244 244 Page 13
League of Friends of Weston General Hospital Notes to the Financial Statements for the Year Ended 31 December 2023 6 Expenditure on raising funds al Costs of trading actlvities Unrestricted funds General Total funds Shop expenditure 122.075 122,075 Total for 2023 122,075 122,075 Total for 2022 67 061 67,061 Total costs 7 Expenditure on charitable activities Unrestricted funds General Total 2023 Note Allocated support costs Governance costs 63,453 1,920 63,453 1,920 65,373 Unrestricted funds General Total 2022 Note Allocated support costs Governance costs 12.191 1.993 12.191 1.993 14,184 14,184 Page 14
League of Friends of Weston General Hospital Notes to the Financial Statements for the Year Ended 31 December 2023 Activity undertaken directly Activity support costs 2023 Purchase of hospital equipment Gardening costs including pond Insurance Subscriptions Printing, Postage and stationery Governance costs 59. 502 1 549 235 1 375 78 59,502 1,549 235 1,375 78 2,261 57 277 2,261 Sundry expenses Los5 on disposal of fixed assets 57 277 63,073 2261 65,334 Aetivity undertaken directly Activity support costs 2022 PLJrch2se of hospital equ1pmenl Presents lo staff and patients ol the hospital Gardening Gosls iiicluding poiid Depreciation Insurance Subscriptions Printing. postage and slalionery Governance costs 7,803 126 1,803 49 224 1,062 533 7.803 126 1.803 49 224 1.062 533 2,584 2,584 11 800 2,584 14,184 In addition to the expenditure analysed above. there 8re also gDvernance costs of £1,920 12022 £1,993) which relate directly lo charit3ble aclivilies. See note 8 lor further details Page15
League of Friends of Weston General Hospital Notes to the Financial Statements for the Year Ended 31 December 2023 8 Analysis of governance and support costs Governance costs Unrestricted fund5 General Total 2023 Independent examiner lees Other fees paid lo examiners 1 920 1 ,920 1.920 1,920 Unrestricted funds General Total 2022 Independent examiner fees Other fees p21d lo examiners 1993 1,993 1,993 9 Net incorningloutgoing resources Nel loulgoingllincoming resources for Ihe year include. 2023 2022 Oeprecialion ol Iixed assets 300 352 10 Tru5tee5 remuneration and expenses £9512022 £1261 of expenses were reimbursed lo Iruslees during the year. ND trustees, nor any persons connected with them, have received any remuneration from the charity dur1ng the year No Iruslees have received any other benefits from the charity during the year Page 16
League of Friends of Weston General Hospital Notes to the Financial Statements for the Year Ended 31 December 2023 11 Independent examiner's remuneration 2023 2022 Other fees to examiners The examining o13ccounls of any associate of the charity All other assurance services 1.860 865 1.993 1,150 2725 3143 12 Taxation The charity Is a registered Charity and is therefore exempl from laxalion, 13 Tangible fixed assets Furniture and equipment Land and buildings Total Cost At 1 January 2023 DIsp05a15 10,019 6565 1.940 16.584 11 9401 Al 31 December 2023 10,019 4,625 14 644 Depreciation Al 1 January 2023 Charge for the year Eliminated on disposals 10,019 4,291 299 (1,663 14.310 299 1,663 Al 31 December 2023 10,019 2,927 12.946 Nel book value Al 31 December 2023 1,698 1,898 At 31 Docombtsr 2022 2.274 2,274 Included within the nel book value of land and buildings above is £NIl 12022 £NIll in respect ol freehold land 2nd buildings and £NIl12022 £Nill in respect ol leaseholds. 14 Stock 2023 2022 Stocks 10,929 7.092 Page 17
League of Friends of Weston General Hospital Notes to the Financial Statements for the Year Ended 31 December 2023 15 Debtors 2023 2022 Prepaymen15 290 268 16 Creditors.. amounts falling due within one year 2023 2022 VAT owedllreceivablel Other creditors Accruals 12631 3,291 2.760 23 317 2,850 5,788 3,190 17 Obligatlofls under leases and hire purchase contracts The 10131 value of future minimum lease payments was as follows.. 2023 2022 Within one year In two lo five years 12,0001 16,0001 12.0001 2.000 8,000 Page 18
League of Friends of Weston General Hospital Notes to the Financial Statements for the Year Ended 31 December 2023 18 Funds Unrestricted funds Balanee at 1 January 2023 Balance at 31 December 2023 Incoming resources Resources expended Unrestricted funds Gener?1 General FLJnds 220,761 174.448 1187 447 207,762 Unrestricted funds Balance at 1 January 2022 Balance at 31 December 2022 Incoming resources Resources expended Unrestricted funds General General Funds 199,503 102,503 181.2451 220.761 Page 19
League of Friends of Weston General Hospital Notes to the Financial Statements for the Year Ended 31 December 2023 19 Analysis of net assets between funds Total funds at31 December 2023 Unrestrictgd funds General Tangible fixed assets Current assets 1,698 211,852 15.7881 207,762 1,698 211.852 15,7881 Total nel assets 207,762 Total funds at31 December 2022 Unrestricted fund5 General Tangible fixed assets Current assets Curronl Iiabililies 2,274 221.677 13,1901 220,761 2,274 221,677 13,1901 Total nel 355ets 220.761 20 Related party transactions Aside from the reimbLJrsemenl of Iruslee's expenses detailed above there were no related party Iransaclions in Ihe year 21 Non-adjusting events after the financial period In February 2024, the Charity agreed an extension lo the opeialing lease which will allow the Charity lo continue lo run the shop from the Cur nt unil until April 2029 The previous agreement. as shown in the accounts Inole 171, was due lo expire in April 2024. The lease has been extended al an annual cost of £6.000 per annum. Page 20