Charity Registration No. 1121313 Company Registration No. 5986646 {England and Walesl THE LEAGUE OF FRIENDS OF HALSTEAD HOSPITAL LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 BUSINESS ADVISORS & ACCOLINTANTS 11 De Grey Square De Grey Road Colchester Essex C04 5YQ
THE LEAGUE OF FRIENDS OF HALSTEAD HOSPITAL LIMITED CONTENTS Page Company information Trustees, report Statement of trustees, responsibilities Independent auditor's report Statement of financial activities Balance sheet io Notes to the financial statements 11-16
THE LEAGUE OF FRIENDS OF HALSTEAD HOSPITAL LIMITED COMPANY INFORMATION Trustees Dr A Symington Mrs J Pell Mrs J Anbouche Mrs B Couch Mrs S Evans Mrs L Jackson Mrs R Gage Mr D Holmes Mrs D Peglar Mr W Pell Mrs J Wright Mr A Green Mr L Crabb Charity number 1121313 Company number 5986646 Registered office The Maltings Rosemary Lane Halstead Essex C09 IHZ Auditor TC Group 11 De Grey Square De Grey Road Colthester Essex C04 5YQ
THE LEAGUE OF FRIENDS OF HALSTEAD HOSPITAL LIMITED TRUSTEES, REPORT (INCLUDING DIRECTOR5, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present their report and financial statements for the year ended 31 December 2024. The Trustees are also Directors of the company. The financial statement5 have been prepared in accordance with the accounting policies set out in note I to the financial statements and comply with the charity's articles of association, the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" (as amended for accounting periods commencing from l January 2016) Oblectives and activities The role of the League of Friends is to relieve patients and invalids of the Halstead hospital and community and rural areas who are sick, convalescent, disabled, handicapped, infirm and generally to support the charitable work of the hospital. It is run by a Board of Trustees which is dependents on the services on unpaid volunteers. The Board of Trustees meets bimonthly in the League of Friends room at Halstead Hospital. The Trustees seek to assist the hospital with funding requests for new equipment and facilities. Achlevements and performance The trustees are satisf led with the performance of the charity over the past year. Financially the charity remains in a strong position with net assets amounting to £1,790,887. Fund raising activities take place throughout the year. The Ward block reopened to admit patients again in early December 2022 and we have been very active supporting the staff with equipment and resources to ensure a good patient experience. We have also installed air conditioning units in the rehabilitation centre and funded medical equipment to improve local medical services. In 2024 we funded refurbishment of two walk in shower room5 and opened a Mindfulness Garden in onjunction with NHS Properties and the RHS Thanks. Financial review Income totalled £21,478 from our investments in COIF and the Saffron Building Society. Other income totalled £4,120, including £3,420 of legacies. Total resources expended amounted to £96,261, which resulted in negative net movement in our funds of £70,663. Our cumulative funds at the year-end were £1.790.887. The majority of our funds are now represented by the tangible fixed asset5 that we hold, namely the 20 bed unit, and the rehabilitation unit at Halstead H05Pital. The trustees are immensely proud of this signif icant asset which the public at large are now reaping the benefits of. The trustees will be working hard in the next financial year to raise funds so that our charitable work can continue in all areas of the healthcare provision. It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and Six month's expenditure. The trustees consider that reserves at this level will ensure that, in the event of a signif icant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been exceeded throughout the year. The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
THE LEAGUE OF FRIENDS OF HALSTEAD HOSPITAL LIMITED TRUSTEES, REPORT IINCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Structu, governance and management The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. The company is limited by guarantee, not having any share capital, and 15 a150 registered as a charity. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the limited liability company. The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were.. Dr A Symington Mrs J Pell Mrs J Anbouche Mrs B Couch Mrs S Evans Mrs L Jackson Mrs R Gage Mr D Holmes Mr5 D Peglar Mrw Pell Mrs J Wright MrA Green Mr L Crabb Trustees are nominated by the Directors and current Trustees to act in the best interests of the charity, in order to assist in the achievement of its aims and objectives. There are currently 13 Trustees of the charity. The trustees meet on a regular basis to review the effectivene5S of the charity in the achievement of its objectives. New Trustees are given the required training to enable them to undertake their roles and to ensure that they act in the best interests of the charity. In accordance with the company's articles, a resolution proposing that TC Group be reappointed as auditor of the company will be put at a General Meeting. The trust t was approved by the Board of Tru5tee5. Dr A Symingto Trustee Dated:
THE LEAGUE OF FRIENDS OF HALSTEAD HOSPITAL LIMITED STATEMENT OF TRU5TEES' RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees, who are also the directors of The League of Friends of Halstead Hospital Limited for the purpose of company law. are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practice). Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP. make judgements and estimates that are reasonable and prudent,. state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting record5 that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable Steps for the prevention and detection of fraud and other irregularities.
THE LEAGUE OF FRIENDS OF HALSTEAD HOSPITAL LIMITED INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE LEAGUE OF FRIENDS OF HALSTEAD HOSPITAL LIMITED Opinion We have audited the financial statements of The League of Friends of Halstead H05Pltal Limited {the 'charity'l for the year ended 31 December 2024 which comprise the statement of financial activities, the balance sheet and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102 The Financial Reporting Stondard opplicable in the UK and Republic of Irelond (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements: give a true and fair view of the state of the charitable company's affairs as at 31 December 2024 and of its incoming resources and application of resources, for the year then ended; have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing IUK) {5SAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirement5 that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilitie5 in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern We have nothing to report in respect of the following matters in relation to which the ISAS IUKI require us to report to you where: the trustees, use of the going concern basis of accounting in the preparation of the financial statements IS not appropriate; or the trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the charity's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue. Other information The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility 15 to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit. or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financia5 statements themselves. If, based on the work we have performed, we conclude that there is a material misststement of this other information, we are required to report that fact. We have nothing to report in this regard.
THE LEAGUE OF FRIENDS OF HALSTEAD HOSPITAL LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE LEAGUE OF FRIENDS OF HALSTEAD HOSPITAL LIMITED Matters on which we are required to report by exception We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports} Regulations 2008 require us to report to you if, in our opinion: the information given in the financial statements is inconsistent in any material respect with the trustees, report,. or sufficient accounting records have not been kept; or the financial statements are not in agreement with the accounting records; or we have not received all the information and explanations we require for our audit. Responsibilities of trustees As explained more fully in the statement of trustees, responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Auditor's responsibilities for the audit of the financial statements We have been appointed as auditor under section 145 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effert thereunder. Our objective5 are to obtain reasonable assurance about whether the financial statements a5 a whole are free from material misstatement, whether due to fraud or error. and to Issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISA5 (UK} will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if. individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. A further description of our responsibilities is available on the Financial Reporting Council's website at.. https'.// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
THE LEAGUE OF FRIENDS OF HALSTEAD HOSPITAL LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE LEAGUE OF FRIENDS OF HALSTEAD HOSPITAL LIMITED Extent to which the audit was considered capable of detecting irregularities, including fraud The objectives of our audit, in respect to f raud, are.. to identify and assess the risks of material misstatement of the financial statements due to fraud,. to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses- and to respond appropriately to fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and its management. Our approach was as follows., We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our gèneral commercial and sector experience, and through discussion with the trustees and other management las required by auditing standards), and discussed with the directors and other management the policies and procedures regarding compliance with laws and regulations; We considered the legal and regulatory frameworks directly applicable to the financial statements reporting framework IFRS 102, the Companies Act 2006 and the Charities Act 20111 and the relevant tax compliance regulations in the UK,- We considered the nature of the industry, the control environment and business performance, including the key drivers for management's remuneration: We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit; We reviewed minutes of Trustee's meetings to identify activity and transactions that should be reflected in the financial statements,. We considered the procedures and controls that the charity has established to address risks identified, or that otherwise prevent, deter and detect fraud: and how trustees monitor those programmes and controls. Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulations. Where the risk was Considered to be higher, we performed audit procedures to address each identified fraud risk. These procedures included.. testing manual journals,. reviewing the financial statement disclosures and testing to supporting documentation,. performing analytical procedures; reviewing the minutes of meetings of the Trustees during the period,. enquiring of management, and were designed to provide reasonable assurance that the financial statements were free from fraud or error. Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulation5 (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. The risk is also greater regarding irregularities occurring due to fraud rather than error. as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.
THE LEAGUE OF FRIENDS OF HALSTEAD HOSPITAL LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE LEAGUE OF FRIENDS OF HALSTEAD HOSPITAL LIMITED Use of our report This report Is made solely to the charity's trustees, as a body, in accordance with part 4 of the Charities (Account5 and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed. Simon Garner FCA (Senior Statutory Auditor) for and on behalf of TC Group Statutory Auditor Office.. Colchester Date:........... TC Group is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under of section 1212 of the Companies Act 2006
THE LEAGUE OF FRIENDS OF HALSTEAD HOSPITAL LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted fund5 2024 Unrestrirted funds 2023 Notes Income and endowments from: Donations and legacies Other trading activities Investments Other income 4,120 4,848 787 18,997 9,230 21,478 Total income 25,598 33,862 Expenditure on: Charitable activities 96,261 46.899 Total expendlture 96,261 46,899 Net expenditure and movement in funds 170,663} 113,0371 Reconciliation of funds: Fund balances at l January 2024 1,861,550 1,874,587 Fund balances at 31 December 2024 1,790,887 1,861,550 The statement of financial activities includes all gains and losse5 recognised in the year. All income and expenditure derive from continuing activities.
THE LEAGUE OF FRIENDS OF HALSTEAD HOSPITAL LIMITED BALANCE SHEET AS AT31 DECEMBER 2024 2024 2023 Notes Fixed assets Tangible assets Current assets Debtors Cash at bank and in hand li 1,238,617 1,279,781 12 2,272 569,400 2,519 581,719 571,672 584,238 Creditors: amounts falling due within one year 13 119,4021 {2,4691 Net current assets 552,270 581,769 Total assets less current liabilitles 1,790,887 1,861,550 Income funds Unrestricted funds 1,790,887 1,861,550 1,790,887 1.861,550 The company is entitled to the exemption from the audit requirement contained in Section 477 of the Companies Act 2006, for the year ended 31 December 2024, although an audit has been carried out under sertion 144 of the Charities Act 2011. The direttor acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The finan ia tement5 were approved by the Trustees on . Dr A Symington Trustee Mr A Green Trustee Company Reglstration No. 5986646 10
THE LEAGUE OF FRIENDS OF HAL5TEAD HOSPITAL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies Charity information The League of Friends of Halstead Hospital Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is The Maltings, Rosemary Lane, Halstead, Essex, C09 IHZ. 1.1 Accounting convention The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Prartice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102}" las amended for accounting periods commencing from l January 20161. The charity is a Public Benefit Entity as def ined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin I not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £, The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment propertie5 and certain financial instruments at fair value}. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statement5. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity. 1.4 Incoming resources Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant 15 recogni5ed at the time of the donation. 11
THE LEAGUE OF FRIEND5 OF HALSTEAD HOSPITAL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies {Continued) Leg3cies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including sUPPOrt costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use. 1.5 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valLsation of assets less their residual values over their useful lives on the following bases.. 20 Bed Unit Rehabilitation Unit Birthing Unit Plant and machinery 2% straight line 2Yo Straight line 2% straight line 15Yo reducing balance The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset. and is recognised in the statement of financial activities. Income from donations and legacie5 Unrestricted funds 2024 Unrestricted funds 2023 Donation5 and gifts Legacies 700 I,ioo 3,748 3,420 4,120 4,848
THE LEAGUE OF FRIENDS OF HALSTEAD HOSPITAL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Income from other tradlng activities Unrestricted Unrestricted funds funds 2024 2023 Fundraising events 787 Income from investments Unrestricted Unrestrlcted funds funds 2024 2023 Interest receivable 21,478 18,997 Other income Unrestricted funds Total 2024 2023 Historic balance written off 9,230 13-
THE LEAGUE OF FRIENDS OF HALSTEAD HOSPITAL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Charitable activities Unrestricted funds 2024 Total 2023 Depreciation and impairment Gifts donated to hospital Insurance Other office cost5 Audit and accountancy fees Refurbishment costs 41,164 9,301 543 5,083 1,890 38,280 40,209 1,953 512 2,425 1,800 96,261 46,899 96,261 46,899 Net movement in funds 2024 2023 The net movement in funds is stated after ¢h3rging/lcrediting}'. Depreciation of owned tangible fixed assets 41,164 40.209 Trustees None of the trustees lor any persons connected with them) received any remuneration or benefits from the charity during the year. During the year two12023-. four) trustees were reimbursed £1,30812023: £2,588). All amounts were in respect of administration expenses. Employees No staff were employed or remunerated by the charity during the year. 10 Taxation The charity is exempt from taxation on its activities because all its income 15 applied for charitable purposes. 14-
THE LEAGUE OF FRIENDS OF HALSTEAD HOSPITAL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 11 Tangible fixed assets 20 Bed Unlt Rehabllitatlon Unlt Blrthing Unlt Plant and machlnery Total Cost At l January 2024 493,398 1,387,801 44,584 19,345 1,945,128 At 31 December 2024 493,398 1,387,801 44.584 19,345 1,945,128 Depreciation and impairment At l January 2024 Depreciation charged in the year 303,979 9,868 335,632 27,756 24,043 892 1,693 2,648 665,347 41,164 At 31 December 2024 313,847 363,388 24,935 4,341 706,511 Carrying amount At 31 December 2024 179,551 1,024,413 19,649 15.004 1,238,617 At 31 December 2023 189,419 1,052,169 20.541 17,652 1,279,781 12 Debtors 2024 2023 Amounts falling due within one year: Other debtors Prepayments and accrued income 1,944 328 2,211 308 2,272 2,519 13 Creditors: amounts falling due within one year Z024 2023 Trade creditors Accruals and deferred income 17,400 2,002 669 1,800 19,402 2,469 15-
THE LEAGUE OF FRIENDS OF HALSTEAD HOSPITAL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 14 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At l January 2024 Incoming resources Resources expended At31 December 2024 General funds 1,861,550 25,598 {96,2611 1,790,887 Previous year: At l January 2023 Incoming resource5 Resources expended At31 December 2023 General funds 1,874,587 33,862 {46,8991 1,861,550 16-