THE LEAGUE OF FRIENDS OF TEDDINGTON MEMORIAL HOSPITAL
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
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 2023**
|**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) **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|||
|**_Other Trustees:_**|Ms C Delattre|||
||Mr E J B Marsh|||
||Ms L A Robertson|||
||Ms S Fudge|||
||Ms F J Morrison (Resigned 11/06/2024)|||
||Mr A Roberts|||
|**Registered Office:**|Teddington Memorial Hospital|||
||Hampton Road|||
||Teddington|||
||TW11 0JL|||
|**Independent Examiner:**||||
||LFM|||
||23 Lenton Street|||
||Alton|||
||Hampshire|||
||GU34 1HG|||
|**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 2023 THE LEAGUE OF FRIENDS OF TEDDINGTON MEMORIAL HOSPITAL**
Greetings to you all once again. What was initially going to be an 18 month stint as Chairman has become 5 years!
I write this as the League celebrates its 70th year of existence, during which we have given some £8million to the Hospital (and with our changed constitution now to the London Borough of Richmond) and projects are ongoing. We are also seeing the Health Authority undergoing re-organisation as it loses the H from HRCH and gains the K from Kingston to become (at the moment) KRCH.
Our staffing has remained stable, but we sadly had to lose Fiona Morrison through health grounds, so we are still trying to recruit a new Governance Trustee to monitor our obligations as a registered charity to the Charity Commission: if anybody is interested please contact our HR Trustee, Louise Robertson.
The Trustees have agreed to our fundraising year running from 1st June to 31st May and so please keep your eyes peeled through advertising and social media for the events we are planning in the first part of 2025: one of the last events in the last fundraising year was our event at the front of the Hospital on 21st May in pouring rain launching our 70 for 70 fundraising campaign upon which all our events will be centered.
So let me describe our projects to enhance the patient experience at TMH (its future now assured), most of which will be funded in 2024 and beyond. These include the provision of three state of the art wheelchairs, the provision of dementia headphones, new furniture for the day room including a memory table (for patients with dementia), a joint project with KRCH to provide a relatives room, contribution to the provision of a hot drinks and hot food unit (not competing with the League shop!) the refurbishment of the Paediatric clinic in association with the Teddington Society, refreshing the two gardens at the hospital with help from NPL and Lensbury volunteers. Which leads me onto the main project which is the transfer of the Pain Clinic at Kingston Hospital to TMH: this is a £2.2 million project, due to open in March 2025 and the League is making an initial contribution of £150k, which will be revisited as the project progresses. This will also need the gardens behind the Pamela Bryant Ward to be amended to provide a sensory and tactile experience for the visually and auditorily impaired, as well as for the benefit of visitors and staff: we are also in the throes of reviving the two water features in the gardens at TMH.
As always, I thank our volunteers, staff and the excellent relationship with the Health Authority which allows us to continue with our work of improvement and enhancing the patient experience. TMH is a jewel, and we will, jointly, continue to love it and cherish it. So support our events. At the time of writing this, we are engaged with our new solicitors in seeing whether we need to amend our constitution from a strictly membership basis to a combined membership/subscription format as the original reason for starting the League (saving the hospital) has changed. Exciting times ahead and please be with us for the journey!
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 2023 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 2023.
## **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 and have continued to do so 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 for more rapid access.
## **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**
The activities of the League were again reduced from previous years. The following is a summary of the activities which were undertaken:
- The shop was open for a full year. Sales showed an improving trend throughout the year and are now back to bettering preCOVID levels.
- Funding of some significant projects was agreed during the year although no cash was actually expended. These projects will come to fruition in 2024 and beyond.
- Provision of a daily newspaper throughout the year for each patient.
- Maintenance for the fish tank in the patient waiting area.
- Provision of Christmas Gift Packs for patients and staff.
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 2023 THE LEAGUE OF FRIENDS OF TEDDINGTON MEMORIAL HOSPITAL**
## **Main fundraising**
Fundraising activity increased substantially during the year, aided by being the Charity of the Year of the Lensbury Club. Main activities were a Gala Dinner, the Cycle Challenge, the Dragon Boat event, the Jazz event and a Bridge competition.
## **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 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 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. As noted above, sales showed an improving trend through the year, and now exceed pre-COVID levels. 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 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 (soon to be renamed Kingston & Richmond Community Healthcare Trust) and GPs. We will communicate and update as 2024 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 2023 shows net income of £49,653 (2022 net expenditure: £131,465). As at 31 December 2023, the net assets were £868,270 (2022: £818,617).
The Trustees consider the financial position of the League as at 31 December 2023 to be satisfactory.
## **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 self-generated 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.
4
**REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 THE LEAGUE OF FRIENDS OF TEDDINGTON MEMORIAL HOSPITAL**
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:
select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP 2019 (FRS 102); 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;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
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 2023 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:
- there is no relevant audit information of which the charitable company’s Independent Examiner is unaware; and
- the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the Independent Examiner is aware of that information.
This report was approved by order of the Board on 23[rd] September 2024 and signed on its behalf by:
**Rev. C S P Douglas Lane - Director and Trustee (Chairman)**
**Mr J A Warren - Director and Trustee (Treasurer)**
5
**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 2023.
## **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:
Matt Ellis FCCA LFM The Stables 23 Lenton Street Alton Hampshire GU34 1HG
6
**THE LEAGUE OF FRIENDS OF TEDDINGTON MEMORIAL HOSPITAL**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2023**
|**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 income / expenditure**
Unrealised gains/ (losses) on investments
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**||**Unrestricted**
**Funds**
**£**
45,090
61,167
14,819
256
121
,33
2
69,669
28,447
98,116
23,216
26,437
49
,653
728,609
778
,262|**Restricted**
**Funds**
**£**
-
-
-
-
-
-
-
-
-
-
-
2,008
2,008|**Endowment**
**Funds**
**£**
-
-
-
-
-
-
-
-
-
-
-
88,000
88,000|**Year to**
**2023**
**£**
45,090
61,167
14,819
256
121
,332
69,669
28,447
98
,116
23,216
26,437
49
,653
818,617
868
,270||**Year to**
**2022**
**£**
27,387
24,107
5,645
13,169|
|---|---|---|---|---|---|---|---|
||||||||70
,308|
||||||||56,564
53,322|
||||||||109
,886|
||||||||(39,578)
(91,887)|
||||||||(131,465)|
||||||||950,082|
||||||||818
,617|
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.
7
**THE LEAGUE OF FRIENDS OF TEDDINGTON MEMORIAL HOSPITAL**
## **BALANCE SHEET AS AT 31 DECEMBER 2023**
|**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**|**£**
2,398
4,348
57,371||**2023**
**£**
88,000
732,292
820,292
47,978
868,270
868,270
778,262
2,008
88,000
868,270|**£**
2,067
13,003
35,008|
|---|---|---|---|---|
||64,117
(16,139)||||
||||||
||||||
||||||
## **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:
- that for the year stated above the company was entitled to the exemption conferred by section 477 of the Companies Act 2006.
- that no notice has been deposited at the registered office of the company pursuant to section 476 of the Companies Act 2006 requesting that an audit be conducted for the year ended 31 December 2023.
- that the company as a charity is subject to audit under the Charities Act 2011; and
- that we acknowledge our responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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 23[rd] September 2024 and signed on its behalf by:
**Rev. C S P Douglas Lane - Director and Trustee (Chairman)**
**Mr J A Warren - Director and Trustee (Treasurer)**
8
**THE LEAGUE OF FRIENDS OF TEDDINGTON MEMORIAL HOSPITAL**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
## **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 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:
- _Donations and legacies_ received by way of grants, donations and gifts are included in full in the statement of financial activities when receivable.
- _Other trading activities_ being shop sales and proceeds from other charitable activities are recognised when receivable.
- _Investments_ is included in the year in which it is receivable.
## **Expenditure**
Expenditure is recognised on an accrual basis as a liability is incurred. The following specific policies are applied to particular categories of expenditure:
- _Raising funds are_ costs incurred in attracting voluntary income as well as non-charitable trading activity.
- _Charitable activities_ are costs incurred by the charity in the course of meeting its charitable aims and includes costs relating to funding projects and the purchase of equipment for and on behalf of the hospital as well as related governance and support costs.
## **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:
- _Unrestricted general funds –_ the ‘free’ funds held by the charity to be used in accordance with the charitable objects at the discretion of the Trustees.
9
**THE LEAGUE OF FRIENDS OF TEDDINGTON MEMORIAL HOSPITAL**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
- _Restricted funds –_ funds held to be used only for restricted purposes within the objects of the charity. Restrictions arise when specified by donors and grant making bodies or when funds are raised for particular purposes.
- _Endowment funds –_ funds donated or raised to be held by the charity for the medium and long term to assist the charity in meeting its aims. Income generated by such funds is unrestricted in nature.
## **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**
**Funds**
**£**
Member’s subscriptions and
donations
5,647
Grant income
500
Other donations and legacies
38,944
45
,090
**ncome and endowments from other trading activities**
**Unrestricted**
**Funds**
**£**
Shop purchases and expenses
44,804
Fund raising events
16,363
61,167||**Restricted**
**Funds**
**£**
-
-
-
-
**Restricted**
**Funds**
**£**
-
-
-||**Endowment**
**Funds**
**£**
-
-
-
-
**Endowment**
**Funds**
**£**
-
-
-|**Year to**
**2023**
**£**
5,647
500
38,944
45
,090
**Year to**
**2023**
**£**
44,804
16,363
61,167||**Year to**
**2022**
**£**
2,360
-
25,027|
|---|---|---|---|---|---|---|---|
||||||||27,387|
||||||||**Year to**
**2022**
**£**
24,107
-|
||||||||24,107|
## **Income and endowments from other trading activities**
Income and endowments from other trading activities in 2023 was entirely attributable to unrestricted funds.
## **6.**
## **Income and endowments from investments**
|Dividends
Miscellaneous
Gain on investment property||**Unrestricted**
**Funds**
**£**
14,819
25
6
-
15,075||**Restricted**
**Funds**
**£**
-
-
-|**Endowment**
**Funds**
**£**
-
-
-
-|**Year to**
**2023**
**£**
14,819
256
-
15,075||**Year to**
**2022**
**£**
5,645
169
13,000|
|---|---|---|---|---|---|---|---|---|
|||||||||
18,814|
Income and endowments from investments in 2023 was entirely attributable to unrestricted funds.
10
**THE LEAGUE OF FRIENDS OF TEDDINGTON MEMORIAL HOSPITAL**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
## **7.**
## **Expenditure on raising funds**
|**xpenditure on raising funds**|||||||||
|---|---|---|---|---|---|---|---|---|
|Shop purchases and expenses
Staff costs (note 9)
Publicity costs
Investment manager fees|**Unrestricted**
**Funds**
**£**
26,454
29,051
3,384
10,780
69
,669||**Restricted**
**Funds**
**£**
-
-
-
-
-||**Endowment**
**Funds**
**£**
-
-
-
-
-|**Year to**
**2023**
**£**
26,454
29,051
3,384
10,780
69
,669||**Year to**
**2022**
**£**
14,461
26,075
4,286
11,742|
|||||||||56,564|
Expenditure on raising funds in 2023 was entirely attributable to unrestricted funds.
Shop and vending purchases included movements in opening and closing stock.
## **8.**
## **Expenditure on charitable activities**
|**xpenditure on charitable activities**|||||||||
|---|---|---|---|---|---|---|---|---|
|Staff costs (note 9)
Project costs
Support to hospital
Printing and stationery
Postage and telephone
Insurances
Miscellaneous cost
Meeting expenses
Computer & IT costs
Bank and card charges
Professional fees
Audit and accountancy fees|**Unrestricted**
**Funds**
**£**
8,141
-
5,699
713
1,220
1,560
103
300
2,213
947
1,680
5,871
28
,447||**Restricted**
**Funds**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-|
|**Endowment**
**Funds**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-|**Year to**
**2023**
**£**
8,141
-
5,699
713
1,220
1,560
103
300
2,213
947
1,680
5,871
28
,447||**Year to**
**2022**
**£**
7,988
19,479
8,745
1,638
1,157
1,426
459
569
1,847
-
474
9,540|
|||||||||53
,322|
Expenditure on charitable activities in 2022 comprised of £53,322 in unrestricted funds
The prior year figures in the accounts have been restated to incorporate the impact of a misclassification of salary costs between Expenditure on raising funds and Expenditure on charitable activities. This change has not had any impact on the overall loss in the year.
## **9.**
## **Staff costs, trustee remuneration and expenses and key management personnel**
|**taff costs, trustee remuneration and expenses and key management personnel**||||
|---|---|---|---|
|Salaries and wages
Social security costs|**Year to**
**2023**
**£**
37,192
-
37,192||**Year to**
**2022**
**£**
33,859
204|
||||34,063|
No employees received employee benefits in excess of £60,000 (2022: nil).
No Trustees or persons connected with them received any emoluments in their role as Trustees from the charity (2022: nil) and no Trustees have received payment for professional or other services provided to the charity during the year (2022: nil). There were no reimbursements of individual expenses to any Trustee during the year (2022: nil).
The average number of persons employed by the charity (including directors) during the year was 3 (2022: 3).
11
**THE LEAGUE OF FRIENDS OF TEDDINGTON MEMORIAL HOSPITAL**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
## **10. Investment property**
|Fair value at 31 December 2023|**Year to**
**2023**
**£**
88,000|**Year to**
**2022**
**£**
88,000|
|---|---|---|
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**
## **12.**
## **13.**
|**ixed asset investments**|||||
|---|---|---|---|---|
|Market value at 1 January
Income received
Net funds withdrawn
Management fees paid from funds
Net gains/losses on revaluation to market value
Market value at 31 December
**Comprised:**
Equities, bonds and gilts
**ebtors: Amounts falling due within one year**
Other debtors
Prepayments and accrued income
**reditors: Amounts falling due within one year**
Accruals||**Year to**
**2023**
**£**
701,816
14,819
-
(10,780)
26,437
732,292
**Year to**
**2023**
**£**
732,292
732,292
**Year to**
**2023**
**£**
425
3,923
4,348
**Year to**
**2023**
**£**
16,139
16,139||**Year to**
**2022**
**£**
849,800
5,645
(50,000)
(11,742)
(91,887)|
|||||701,816
**Year to**
**2022**
**£**
701,816|
||||||
|||||701,816
**Year to**
**2022**
**£**
425
12,578
1
3,003
**Year to**
**2022**
**£**
21,277
21,277|
||||||
||||||
||||||
||||||
## **Debtors: Amounts falling due within one year**
## **Creditors: Amounts falling due within one year**
12
**THE LEAGUE OF FRIENDS OF TEDDINGTON MEMORIAL HOSPITAL**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
|**14.**
**Unrestricted funds**
**Year ended 31 December 2023**
General funds
**Year ended 31 December 2022**
General funds
**15.**
**Restricted funds**
**Year ended 31 December 2023**
Equipment
Chapel support fund
**Year ended 31 December 2022**
Equipment
Chapel support fund
**16.**
**Endowment funds**
**Year ended 31 December 2023**
Stenner Will Fund
**Year ended 31 December 2022**
Stenner Will Fund
**Name**
**of**
**Fund**
Stenner Will Fund||**Balance at**
**01/01/2023**
**Income**
**£**
**£**
728,609
121,332
728
,609
121
,332
**Balance at**
**01/01/2022**
**Income**
**£**
**£**
873,074
57,308
873,074
57,308
**Balance at**
**01/01/2023**
**Income**
**£**
**£**
-
-
2,008
-
2,008
-
**Balance at**
**01/01/2022**
**Income**
**£**
**£**
-
-
2,008
-
2,008
-
**Balance at**
**01/01/2023**
**Income**
**£**
**£**
88,000
-
88
,000
-
**Balance at**
**01/01/2022**
**Income**
**£**
**£**
75,000
-
75,000
-
**Description,**
**nature**
**and**
**purposes**||
|---|---|---|---|
|||||
|||||
|||||
|||||
|||||
|||||
|||||
|||||
|||||
|||||
13
**THE LEAGUE OF FRIENDS OF TEDDINGTON MEMORIAL HOSPITAL**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
## **17. Analysis of net assets between funds**
|**nalysis of net assets between funds**|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|**Year ended 31 December**
**2023**
Fixed assets
Current assets
Current liabilities
**Year ended 31 December**
**2022**
Fixed assets
Current assets
Current liabilities|||**Unrestricted**
**Funds**
**£**
732,292
62,109
(16,139)
778,262
**Unrestricted**
**Funds**
**£**
701,816
48,070
(21,277)
728,609|**Restricted**
**Funds**
**£**
-
2,008
-
2,008
**Restricted**
**Funds**
**£**
-
2,008
-
2,008||**Endowment**
**Funds**
**£**
88,000
-
-
88,000
**Endowment**
**Funds**
**£**
88,000
-
-
88,000||||**Total**
**£**
820,292
64,117
(16,139)|
|||||||||||868,270|
|||||||||||**Total**
**£**
789,816
50,078
(21,277)|
|||||||||||818
,617|
## **18. Related party transactions**
There are no related party transactions to disclose for 2023 (2022: none) – see note 9.
14
**THE LEAGUE OF FRIENDS OF TEDDINGTON MEMORIAL HOSPITAL**
## **INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023**
|**Shop**
Shop sales
Shop expenditure:
-
Shop purchases and expenses (stock adjusted)
-
Staff costs (note 9)
**Shop surplus/(deficit)**
**Income**
Member’s subscriptions and donations
Other donations and legacies
Fund raising events
Dividends
Interest on investments
Bank interest
Grant Income
**Expenditure**
Computer and IT Costs
Staff costs (note 9)
Support to hospital
Printing and stationery
Postage and telephone
Insurances
Meeting Expenses
Miscellaneous costs
Professional fees
Audit and accountancy fees
Service Agreement Costs
Bank and card charges
Publicity costs
Investment manager fees
**Surplus/(deficit) from activities for the year**
Unrealised gain/(losses) on investment assets
**Total surplus/(deficit) for the year**||**£**
26,454
16,683
5,647
38,944
16,363
14,819
-
256
500
2,213
20,508
5,699
713
1,220
1,560
300
103
1,680
5,871
-
947
3,384
10,780|**2023**
**£**
44,804
(43,137)||**£**
14,461
16,693
2,360
25,027
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)|
|---|---|---|---|---|---|---|---|---|
||||1,667
76,528
(54,979)|||||(7,047)
46,201
(78,732)|
||||||||||
||||||||||
||||23,216
26,437|||||(39,578)
(91,887)|
||||49,653|||||(131,465)|
15