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2022-12-31-accounts

THE LEAGUE OF FRIENDS OF TEDDINGTON MEMORIAL HOSPITAL

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

Registered Charity number: 1130645

Company number: 06956467 (England and Wales)

Legal Entity Identifier number: 894500ZS4W52NK57JL33

THE LEAGUE OF FRIENDS OF TEDDINGTON MEMORIAL HOSPITAL

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

CONTENTS PAGE
Company and charity information 1
Report of the Chairman 2
Report of the Trustees 3
Independent examiner’s report to the Trustees of
The League of Friends of Teddington Memorial Hospital 6
Statement of financial activities (including
income and expenditure account) 7
Balance sheet 8
Notes to the financial statements 9
Non-statutory pages:
-
Income and expenditure account (general reserve)		 15

THE LEAGUE OF FRIENDS OF TEDDINGTON MEMORIAL HOSPITAL

COMPANY AND CHARITY INFORMATION

Company Number: 06956467 (England and Wales) 06956467 (England and Wales)
Charity Number: 1130645
Legal Entity Identifier number: 894500ZS4W52NK57JL33
Directors who served during the year:
Chairman: Rev. C S P Douglas Lane
Treasurer: Mr J Warren (Appointed 21/02/2022)
Other Trustees: Ms C Delattre (Appointed 17/01/2022)
Mr E J B Marsh
Ms L A Robertson
Ms S Fudge (Appointed 17/01/2022)
Ms F J Morrison
Mr A Roberts
Registered Office: Teddington Memorial Hospital
Hampton Road
Teddington
TW11 0JL
Independent Examiner: Haines Watts
Aissela
46 High Street
Esher
Surrey
KT10 9QY
Bankers: Handelsbanken CAF Bank Limited Metro Bank PLC
1 Wheatfield Way Kings Hill One Southampton Row
Kingston Upon Thames West Malling London
KT1 2TU Kent WC1B 5HA
ME19 4JQ
Investment Advisors:
 Handelsbanken Wealth and Asset Management
1 Wheatfield Way
Kingston Upon Thames
KT1 2TU
Investment Managers:
 Handelsbanken Wealth and Asset Management
1 Wheatfield Way
Kingston Upon Thames
KT1 2TU

1

REPORT OF THE CHAIRMAN FOR THE YEAR ENDED 31 DECEMBER 2022 THE LEAGUE OF FRIENDS OF TEDDINGTON MEMORIAL HOSPITAL

I write this review of 2022 in June 2023 for our AGM in the autumn and so one can be forgiven for being a little confused! At the end of 2022 we were still under Covid restrictions with the one-way system of entry and exit in the hospital, and with the League shop screened to be fully Covid compliant with HRCH requirements. We have gradually built up our volunteer work force for the shop but at the end of 2022 we were still not able to open seven days a week. My thanks, as ever, go to our Shop Manager Philippa McEvoy and her wonderful helpers for keeping the shop going under difficult conditions.

We welcomed new Trustees during 2022: Sam Fudge joined to manage Projects, Cecile Delattre to develop Partnerships, and John Warren as our Treasurer. Christine Southern joined as part-time Marketing and Communications Officer. They joined Andrew Roberts (Marketing), Louise Robertson (HR), Fiona Morrison (Company Secretary), Ed Marsh (Membership) and Kathy Stevenson (our Administrator) to complete our League Team. During 2022, we funded the new paediatric audiology suite which was opened by our Member of Parliament Munira Wilson, a great supporter of the League and the Hospital. This alone has doubled the number of outpatient appointments that can be processed in the new facility. As always, we funded the Christmas boxes for staff and patients alike, provided newspapers for in-patients and maintained the aquarium; and we did all we could to offer as many services as possible under the restrictions put upon us.

As we came to the end of 2022, new projects came into view: a joint project for a relative’s room in the Hospital and a project to revive the Memorial Garden and the garden behind the Pamela Bryant Ward, both in need of a refresh. With our marketing team, we can go out to the community with specific projects for which to raise funds, and of course our attendance at local fairs and events. Most excitingly as 2022 came to a close, we were advised that the Lensbury Club had chosen the League as its sole charity for 2023 so I will have a great deal to say in the AGM report for the calendar year 2023! Meanwhile my thanks for all you do, we have really exciting projects now being brought before us as I write this. Get your friends to join as members, for the future of the hospital is assured and there is much we will be doing with your help to enhance facilities and widen and improve the patient experience. A really encouraging future lies before us!

My best wishes to you all,

Rev. C S P Douglas Lane - Director and Trustee (Chairman)

2

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022 THE LEAGUE OF FRIENDS OF TEDDINGTON MEMORIAL HOSPITAL

The trustees, who also act as Directors for the purposes of company law, are pleased to present their report with the financial statements of the company for the year ended 31 December 2022.

Structure, governance and management

Governing document

The Charity is a company limited by guarantee (No. 06956467), governed by its Memorandum and Articles of Association (updated by special resolution 24 July 2014), and was incorporated on 8 July 2009.

Governance and management

This is managed by the diligence of its Trustees who meet monthly for the discussion of its business, relevant matters and financial reports. Trustees are elected and re-elected at the Annual General Meeting. It works totally in accordance with the requirement outlined in the governing document and in accordance with the requirements of the Charities Commission.

A list of the Trustees/Directors who served during the year is given above.

Risk management

The Trustees meet monthly throughout the year and have continued to do so via video call throughout the year. All committed funding is reviewed at these meetings when the Trustees satisfy themselves that adequate funds are held for all commitments. Some funds are held with the intention of keeping them on a longer term basis and other monies continue to be held in funds showing a smaller return to fund small projects.

Objectives and activities

The objectives of the charity are to support the charitable work of the hospital and raise funds to support and improve facilities at the hospital and to relieve patients and former patients of the hospital or people in the London Borough of Richmond upon Thames who are sick, convalescent, disabled, handicapped, infirm or in need of medical attention or financial assistance.

The League runs a shop which is situated in the Teddington Memorial Hospital. Small fund raising events are also held. Great emphasis is expended in promoting the League’s work to maximise donations and in building good relations with the local community. Every opportunity is taken to promote gift-aided donations and other means of giving.

The League meets the definition of a public benefit through its work which is totally for the benefit of patients in both Teddington Memorial Hospital and the local area.

Achievements and performance

Identifiable benefits for patients and staff

2022 was another challenging year for the patients and staff of the Hounslow and Richmond Healthcare Trust (HRCH), due to having to deal with the impact of COVID, although its impact was greatly reduced from previous years. The activities of the League were again reduced from previous years. The following is a summary of the activities which were undertaken:

The Trustees would like to extend their thanks to the employees of the charity for their hard work during such difficult times. Thank you to Philippa McEvoy, Kathy Stevenson and Christine Southern.

3

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022 THE LEAGUE OF FRIENDS OF TEDDINGTON MEMORIAL HOSPITAL

Main fundraising

Fundraising activity remained at a low level during the year. 2023 will see a ramp up in activity, particularly as we have been selected as the Charity of the Year by the Lensbury Club.

Donations and bequests in memory

Community awareness of the League’s work and support for a very valued community hospital has ensured a very welcome continuance of bequests and donations from many members of the community who know of or have used both inpatient or outpatient facilities and services.

Membership

We maintained a steady membership during a very difficult year which is a great strength for the League. We urge members to get in touch with us if they would like further information about the League’s work or wish to be more actively involved. We thank our Membership Secretary Ed Marsh for his meticulous work and record keeping of all members. This provides a good base for rapid communication.

Publicity and visibility

In order to maintain community support, our Trustees maintained a social media presence, kept our website up to date and relevant and promoted our shop online. Our logo is now very well-known, and was revised and updated during the year, and attracts people to enquire further about the hospital and our work.

League of Friends shop

This is a very valued facility. It is positioned near the entrance to the hospital. Its attractive and useful stock catches the eye of many people. It is manned by League Volunteers with one staff manager, who keeps it stocked with a wide range of popular items. Due to COVID 19 restrictions, sales were still down on pre-pandemic levels, but were the best since 2019 and showed an improving trend through the year. Great credit and thanks to the Shop Manager Philippa McEvoy and the volunteers who keep the shop open and provide a welcome to patients and visitors alike.

Thanks and appreciation

We thank all organisations and individuals who have raised funds and donated to our work. We greatly appreciate their thoughtful efforts. Again, we record thanks to the nursing, general staff and Volunteer Co-ordinator together with General Practitioners who work for the benefit of patients.

We have appreciated the contacts and support from the CEO and Staff of HRCH, together with general practitioners, this partnership working is a great benefit to the hospital and the patients it serves.

Plans and objectives for the future

The League’s activities were still at a low level during the year but it is now starting to rebuild its activity levels following the hiatus of the pandemic. We look forward to undertaking new projects for the benefit of patients and continued working with Hounslow & Richmond Community Healthcare Trust and GPs. We will communicate and update as 2023 progresses and we encourage members to view our website to keep in touch.

Financial review

The statement of financial activities for the year ended 31 December 2022 shows net expenditure of £131,465 (2021 net expenditure: £152,641). As at 31 December 2022, the net assets were £818,618 (2021: £950,082).

A significant item of expenditure during the year was an Unrealised Loss on the carrying value of our Investments of £91,887 (2021 gain of £30,948). This was due to significant declines in the value of both bonds and equities during the year. It is unrealised, and will most probably reverse in future years as markets recover.

The Trustees consider the financial position of the League as at 31 December 2022 to be satisfactory.

Responses to Covid-19

4

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022 THE LEAGUE OF FRIENDS OF TEDDINGTON MEMORIAL HOSPITAL

As a result of the lockdown put into place in March 2020, the Charity has seen the sales level in its shop reduce substantially from pre COVID levels. During this period the charity has continued to receive generous donations from its supporters and has continued to provide services and amenities to the hospital. The Trustees are confident that the Charities financial position at the year-end is more than sufficient to allow it to carry on operating for the foreseeable future.

Reserves policy

The Trustees have decision-making authority on how they manage Reserves and Investments. They have considered the scale, complexity and risk profile of the charity and taken account of the funding base, which mainly consists of donations, bequests and selfgenerated income. The Trustees aim to balance the needs of current and future beneficiaries. On an ongoing basis, the Trustees plan to generate sufficient income from fund raising and donations such that they are able to fund activities for current beneficiaries.

Unrestricted reserves are available for use by the Trustees in furtherance of the general objectives of the charity and enable it to meet its cash flow needs. The Trustees monitor these fund levels to ensure they are sufficient to fund the charity’s core expenditure.

Restricted reserves are for expenditure on the purposes stipulated by those who provide specific funding.

Endowment reserves are held to generate funds for the charity to use in furtherance of its general objectives.

All funds were applied in accordance with the objectives of the League.

Trustees' responsibilities statement

The Trustees who are also act as Directors of The League of Friends of Teddington Memorial Hospital for the purposes of company law are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Trustees’ Indemnities

Trustees’ insurance cover has been established for all Trustees to provide appropriate cover for their reasonable actions on behalf of the Charity. The indemnities, which constitute a qualifying third-party indemnity provision as defined by section 234 of the Companies Act 2006, were in force during the 2022 financial year and remain in force for all current and past Trustees of the Charity.

Statement as to disclosure to Independent Examiner

In so far as the Trustees are aware:

This report was approved by order of the Board on 21[st] August 2023 and signed on its behalf by:

Rev. C S P Douglas Lane - Director and Trustee (Chairman)

5

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022 THE LEAGUE OF FRIENDS OF TEDDINGTON MEMORIAL HOSPITAL

Mr J A Warren - Director and Trustee (Treasurer)

6

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE LEAGUE OF FRIENDS OF TEDDINGTON MEMORIAL HOSPITAL

Opinion

I report to the charity trustees on my examination of the accounts of the company for the year ended 31 December 2022.

Responsibilities and basis of report

As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the company are 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 company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed:

Stephen Francis FCA Haines Watts Aissela 46 High Street Esher Surrey KT10 9QY

7

THE LEAGUE OF FRIENDS OF TEDDINGTON MEMORIAL HOSPITAL

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2022

Note
Income and endowments from:
Donations and legacies
4
Other trading activities
5
Investments
6
Other sources
6
Total income
Expenditure on:
Raising funds
7
Charitable activities
8
Total expenditure
Net (expenditure)/ income
Unrealised (losses)/ gains on investments
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
Funds
£
27,387
24,107
5,645
169
57,308
47,182
62,704
109,886
(52,578)
(91,887)
(144,465)
873,074
728,609		 Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
2,008
2,008		 Endowment
Funds
£
-
-
-
13,000
13,000
-
-
-
13,000
-
13,000
75,000
88,000		 Year to
2022
£
27,387
24,107
5,645
13,169
70,308
47,182
62,704
109,886
(39,578)
(91,887)
(131,465)
950,082
818,617		 Year to
2021
£
16,277
21,575
184
-
38,036
35,048
186,577
221,625
(183,589)
30,948
(152,641)
1,102,723
950,082

All of the results derive from continuing activities.

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 9 to 15 form part of these financial statements.

8

THE LEAGUE OF FRIENDS OF TEDDINGTON MEMORIAL HOSPITAL

BALANCE SHEET AS AT 31 DECEMBER 2022

Note
Fixed assets:
Investment property
10
Investments
11
Current assets:
Stocks
Debtors
12
Cash at bank and in hand
Creditors:
Amounts falling due within one year
13
Net current assets
Total assets less current liabilities
Net assets
17
Funds:
Unrestricted funds
14
Restricted funds
15
Endowment funds
16
Total funds carried forward		 £
2,067
13,003
35,008		 2022
£
88,000
701,816
789,816
28,801
818,617
818,617
728,609
2,008
88,000
818,617		 £
2,242
32,404
98,632		 2021
£
75,000
849,800
924,800
25,282
50,078
(21,277)		 133,278
(107,996)
950,082
950,082
873,074
2,008
75,000
950,082

Trustee statements required by the Companies Act 2006

In approving these financial statements, the trustees, who are directors for the purposes of company law, hereby confirm:

The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the board on 21[st] August 2023 and signed on its behalf by:

Rev. C S P Douglas Lane - Director and Trustee (Chairman)

Mr J A Warren - Director and Trustee (Treasurer)

9

THE LEAGUE OF FRIENDS OF TEDDINGTON MEMORIAL HOSPITAL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

1. Accounting policies

The principal accounting policies are set out below. The accounting policies have been adopted consistently throughout the year.

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting standard FRS 102, the Companies Act 2006 and the requirements of the applicable Statement of Recommended Practice, Accounting and Reporting by Charities. The charitable company has taken advantage of the exemption from the disclosure requirements for presentation of a statement of Cash Flows. The charity meets the definition of a public benefit entity under FRS 102.

Going concern

The financial statements have been prepared on a going concern basis. The trustees have considered the relevant information including the annual budget, and in response to Covid-19, have considered the charity’s available resources and ability to continue to operate for the foreseeable future. The trustees have confirmed that they will provide sufficient resources for the charity to continue in operation for the foreseeable future. Based on these assessments, given the measures that could be undertaken to mitigate the current adverse conditions, and the current resources available, the trustees have concluded that they can continue to adopt the going concern basis in preparing the annual report and financial statements.

Income and endowments

All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

Expenditure

Expenditure is recognised on an accrual basis as a liability is incurred. The following specific policies are applied to particular categories of expenditure:

Stocks

Stock is stated at the lower of cost and estimated net realisable value (selling price less costs to sell). Cost is determined using the first-in first-out (FIFO) method.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the statement of financial activities. Surplus/deficit on income from investment property and revaluations is accumulated in the endowment funds.

Fair values are determined using various assumptions surrounding the potential demand from prospective purchasers and tenants for the revalued property, the amount a prospective purchaser is willing to pay and the future condition of the property.

The trustees obtain an external valuation report every 3 years from a professional provider or when the market condition of the property has materially changed to warrant an external valuation report to assist in their determination of the fair value of the property.

Investments

Investments are valued at their fair value measurement using the market price at the balance sheet date.

Financial Instruments

Financial assets and liabilities are recognised in the balance sheet when the charity becomes a party to the contractual provisions of the instrument. Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Fund structure

The funds held by the charity comprise:

10

THE LEAGUE OF FRIENDS OF TEDDINGTON MEMORIAL HOSPITAL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

Government grants

Grant income is recognised under the accrual model of Financial Reporting Standard 102.

Grant income is recognised in the profit and loss account on a systematic basis over the period in which the company recognises the related costs for which the grant is intended to compensate.

Key sources of estimation, uncertainty and judgement

The preparation of the financial statements in conformity with the requirements of the applicable Statement of Recommended Practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of income and expenditure during the reporting period.

2.

Legal status of the charity

The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of windingup is limited to a maximum £10.

3. Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

4.

5.

Income and endowments from donations and legacies

Unrestricted
Restricted
Funds
Funds
£
£
Subscriptions
2,360
-
Legacies and bequests
-
-
Donations
25,027
-
Collecting boxes
-
-
Gift aid
-
-
27,387
-
ncome and endowments from other trading activities
Unrestricted
Restricted
Funds
Funds
£
£
Shop and vending sales
24,107
-
Fund raising
-
-
Grant Income
-
-
24,107
-		 Endowment
Funds
£
-
-
-
-
-
-
Endowment
Funds
£
-
-
-
-		 Year to
2022
£
2,360
-
25,027
-
-
27,387
Year to
2022
£
24,107
-
-
24,107		 Year to
2021
£
1,032
-
14,321
125
-
16,277
Year to
2021
£
16,012
5,563
-
21,575

Income and endowments from other trading activities

Income and endowments from other trading activities in 2021 was entirely attributable to unrestricted funds.

6.

Income and endowments from investments

Dividends
Miscellaneous
Gain on investment property		 Unrestricted
Funds
£
5,645
169
-
5,814		 Restricted
Funds
£
-
-
-		 Endowment
Funds
£
-
-
13,000
13,000		 Year to
2022
£
5,645
169
13,000
18,814		 Year to
2021
£
184
-
-
184

11

THE LEAGUE OF FRIENDS OF TEDDINGTON MEMORIAL HOSPITAL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

Income and endowments from investments in 2022 was entirely attributable to unrestricted funds.

7. Expenditure on raising funds

Shop and vending purchases
Hire of vending machine
Staff costs (note 9)
Publicity costs
Investment manager fees
TMH Meals		 Unrestricted
Funds
£
14,461
-
16,693
4,286
11,742
-
47,182		 Restricted
Funds
£
-
-
-
-
-
-
-		 Endowment
Funds
£
-
-
-
-
-
-
-		 Year to
2022
£
14,461
-
16,693
4,286
11,742
-
47,812		 Year to
2021
£
9,260
1,135
15,207
560
8,886
-
35,048

Expenditure on raising funds in 2021 was entirely attributable to unrestricted funds.

Shop and vending purchases included movements in opening and closing stock.

8.

Expenditure on charitable activities

Staff costs (note 9)
Hospital equipment
Project costs (out of hours project)
Support to hospital
Repairs
Printing and stationery
Postage and telephone
Insurances
Miscellaneous cost
Meeting expenses
Subscription
Computer & IT Costs
Meals
Bookkeeping
Professional Fees
Audit and accountancy fees		 Unrestricted
Funds
£
17,370
-
19,479
8,745
-
1,638
1,157
1,426
459
569
-
1,847
-
-
474
9,540
62,704		 Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Endowment
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Year to
2022
£
17,370
-
19,479
8,745
-
1,638
1,157
1,426
459
569
-
1,847
-
-
474
9,540
62,704		 Year to
2021
£
8,168
120,044
21,250
14,878
1,288
585
1,531
1,368
1,673
-
72
4,412
619
3,340
-
7,350
186,577

Expenditure on charitable activities in 2021 comprised of £186,577 in unrestricted funds

9.

Staff costs, trustee remuneration and expenses and key management personnel

Salaries and wages
Social security costs		 Year to
2022
£
33,859
204
34,063		 Year to
2021
£
23,129
246
23,375

No employees received employee benefits in excess of £60,000 (2021: nil).

No Trustees or persons connected with them received any emoluments in their role as Trustees from the charity (2021: nil) and no Trustees have received payment for professional or other services provided to the charity during the year (2021: nil). There were no reimbursements of individual expenses to any Trustee during the year (2021: nil).

The average number of persons employed by the charity (including directors) during the year was 3 (2021: 3).

12

THE LEAGUE OF FRIENDS OF TEDDINGTON MEMORIAL HOSPITAL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

10. Investment property

Fair value at 31 December 2022 Year to
2022
£
88,000		 Year to
2021
£
75,000

The charity holds 27.26% of the leasehold interest in a property with the remaining interest of 72.74% owned by a separate trust of which the charity is the sole eventual beneficiary. The property is currently occupied by a life tenant. The trustees assess the fair value of this investment property based on current market conditions.

11. Fixed asset investments

ixed asset investments
Market value at 1 January
Income received
Net funds withdrawn
Management fees paid from funds
Net (losses)/gains on revaluation to market value
Market value at 31 December
Comprised:
Equities, bonds and gilts		 Year to
2022
£
849,800
5,645
(50,000)
(11,742)
(91,887)
701,816
Year to
2022
£
701,816
701,816		 Year to
2021
£
879,301
184
(50,000)
(10,633)
30,948
849,800
Year to
2021
£
849,800
849,800

12.

13.

Debtors: Amounts falling due within one year

Other debtors
Prepayments and accrued income
reditors: Amounts falling due within one year
Other creditors
Accruals		 Year to
2022
£
425
12,578
13,003
Year to
2022
£
9,465
11,812
21,277		 Year to
2021
£
425
31,979
32,404
Year to
2021
£
1,929
106,067
107,996

Creditors: Amounts falling due within one year

13

THE LEAGUE OF FRIENDS OF TEDDINGTON MEMORIAL HOSPITAL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

14. Unrestricted funds

Year ended 31 December 2022
General funds
Year ended 31 December 2021
General funds
15.
Restricted funds
Year ended 31 December 2022
Equipment
Chapel support fund
Year ended 31 December 2021
Equipment
Chapel support fund
16.
Endowment funds
Year ended 31 December 2022
Stenner Will Fund
Year ended 31 December 2021
Stenner Will Fund		 Balance at
01/01/2022
£
873,074
873,074
Balance at
01/01/2021
£
1,025,715
1,025,715
Balance at
01/01/2022
£
-
2,008
2,008
Balance at
01/01/2021
£
-
2,008
2,008
Balance at
01/01/2022
£
75,000
75,000
Balance at
01/01/2021
£
75,000
75,000		 Income
£
57,308
70,308
Income
£
38,036
38,036
Income
£
-
-
-
Income
£
-
-
-
Income
£
-
-
Income
£
-
-		 Expenditure
£
(109,886)
(109,886)
Expenditure
£
(221,625)
(221,625)
Expenditure
£
-
-
-
Expenditure
£
-
-
-
Expenditure
£
-
-
Expenditure
£
-
-		 Gains &
(losses)
£
(91,887)
(91,887)
Gains &
(losses)
£
30,948
30,948
Gains &
(losses)
£
-
-
-
Gains &
(losses)
£
-
-
-
Gains &
(losses)
£
13,000
13,000
Gains &
(losses)
£
-
-		 Balance at
31/12/2022
£
728,609
728,609
Balance at
31/12/2021
£
873,074
873,074
Balance at
31/12/2022
£
-
2,008
2,008
Balance at
31/12/2021
£
-
2,008
2,008
Balance at
31/12/2022
£
88,000
88,000
Balance at
31/12/2021
£
75,000
75,000

Name of Fund Description, nature and purposes of the fund

Stenner Will Fund

Funds comprising a share in investment property ultimately to generate income to enable the charity to further its aims. The Trustees consider this to be a permanent endowment.

14

THE LEAGUE OF FRIENDS OF TEDDINGTON MEMORIAL HOSPITAL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

17. Analysis of net assets between funds

nalysis of net assets between funds
Year ended 31 December
2022
Fixed assets
Current assets
Current liabilities
Year ended 31 December
2021
Fixed assets
Current assets
Current liabilities		 Unrestricted
Funds
£
701,816
48,070
(21,277)
728,609
Unrestricted
Funds
£
849,800
131,270
(107,996)
873,074		 Restricted
Funds
£
-
2,008
-
2,008
Restricted
Funds
£
-
2,008
-
2,008		 Endowment
Funds
£
88,000
-
-
88,000
Endowment
Funds
£
75,000
-
-
75,000		 Total
£
789,816
50,078
(21,277)
818,617
Total
£
924,800
133,278
(107,996)
950,082

18. Related party transactions

There are no related party transactions to disclose for 2022 (2021: none) – see note 9.

15

THE LEAGUE OF FRIENDS OF TEDDINGTON MEMORIAL HOSPITAL

INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2022

Shop
Shop and vending sales
Shop expenditure:
-
Shop and vending purchases (stock adjusted)
-
Staff costs (note 10)
-
Equipment
Shop deficit
Income
Legacies and bequests
Subscriptions
Donations
Collecting boxes
Gift aid
Fund raising
Dividends
Interest on investments
Bank interest
Other interest
Grant Income
Expenditure
Hospital equipment
Computer and IT Costs
Staff costs (note 10)
Support to hospital
Repairs
Printing and stationery
Postage and telephone
Insurances
Meeting Expenses
Miscellaneous costs
Subscription
Professional fees
Meals
Bookkeeping
Audit and accountancy fees
Service Agreement Costs
Hire of vending machine
Publicity costs
Investment manager fees
Deficit from activities for the year
Unrealised (losses)/ gain on investment assets
Total deficit for the year		 £
14,461
16,693
-
-
2,360
25,028
-
-
169
5,645
13,000
-
-
-
-
1,847
17,370
8,745
-
1,638
1,157
1,426
569
459
-
474
-
-
9,540
19,479
-
4,286
11,742		 2022
£
24,107
(31,154)
(7,047)
46,202
(78,732)
(39,577)
(91,887)
(131,465)		 £
9,260
15,207
-
-
1,832
14,321
125
-
5,563
184
-
-
-
120,044
4,412
8,168
14,878
1,288
585
1,531
1,368
1,673
72
-
619
3,340
7,350
21,250
1,135
560
8,886		 2021
£
16,012
(24,467)
(8,455)
22,025
(197,159)
(183,588)
30,948
(152,640)

16