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← The League Of Friends Of Teddington Memorial Hospital

2024-12-31-accounts

THE LEAGUE OF FRIENDS OF TEDDINGTON MEMORIAL HOSPITAL

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Registered Charity number: 1130645

Company number: 06956467 (England and Wales)

Legal Entity Identifier number: 894500ZS4W52NK57JL33

4

THE LEAGUE OF FRIENDS OF TEDDINGTON MEMORIAL HOSPITAL

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

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 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 2024 THE LEAGUE OF FRIENDS OF TEDDINGTON MEMORIAL HOSPITAL

There is much to tell you about. The Health Authority has completed its name change and is now KRHN (Kingston & Richmond Hospital NHS Foundation Trust). Our three part time employees (Administration, Shop Management and Marketing and Community) continue to do great work, and in February we held a thank you tea for our shop volunteers at the Park Hotel which was well attended. The hiring of our volunteers is now the responsibility of KRHN, but the last part of their induction is still run by Philippa, our shop manager. Christine Southern (Marketing and Community Manager) and I attended the Volunteers Fair in Richmond and we were not short of interested parties. As a result we have gained two new Trustees, Ann Murray (Company Secretary) and Dizem Ozalp (Membership) but sadly have lost Ed Marsh (Membership) through pressure of other commitments. At the time of writing this we are discussing how the membership brief should be delivered, as we now offer a combination of Membership (voting rights at the AGM) and Subscribers who do not want the obligations of membership but wish to support the League financially in our work of enhancing the patient experience at TMH.

Our fundraising year continues to run from 1[st] June to 31[st] May and last autumn we had a most successful bridge event at the Richmond Bridge Club (RBC) and which will run again this year on Friday 21[st] November 2025, again at the RBC. A new venture which ran on 15[th] March 2025 was the Silent Disco at the Landmark Centre, which was very successful. We are still thinking of whether we need a summer event as well, in addition to the usual fund-raising initiatives we operate. We are always grateful indeed for the support we receive from local businesses thanks to the hard work of our partnership trustee Cecile Delattre.

I listed the projects the League was and had funded in my last report and suffice to say the main project at the moment is the Pain Clinic being built at the back of TMH as it moves here from Kingston. The League has promised initial funding of £150,000 (out of a total project cost £2.3 million) but we know that more will be asked of us. The project completion has slipped a bit and now looks like being during July. Christine Southern, our Marketing and Communities Manager ran a competition in local schools for naming the Clinic and the individual treatment rooms, the Clinic will be called The Wellness Centre, and, bearing in mind the proximity to Bushy Park the individual treatment rooms will be local trees, probably Elm, Birch, Beech, Ash, Holly and Poplar. The gardens behind the Pamela Bryant Ward and next to the Chapel will also be subject to reorganising and replanting with water features in both.

It is now a statutory requirement for all hospitals to provide hot drinks and hot food and so plans for this are in hand. The idea is to reorganise the entrance hall at TMH to provide a hot food area and create a publicity area for The League. On the left hand side, as you come in, the current plans are for the reception desk to be reduced in size, the false wall to be knocked through and the area behind to house the beverage and food units with tables and chairs to create a café ambience: thus our shop will sell cold drinks and sandwiches/snacks as now, and this new area will serve hot drinks and food. The League’s publicity area will be on the right at the bottom of the stairs. The League is funding this development and making a one-off contribution to the first-year cost of the hot food/drink contract.

Another project in embryo is to see whether the hours of the X-ray department can be the same as the UTC (8 ‘til 8) and the League have offered to fund the additional 15 hours a week that the X-ray department would operate. The hospital is considering whether this is practicable.

So, in conclusion, there is much going on: we continue to depend on volunteers, partnerships with local businesses, legacies and general fundraising as there will always be calls on us for funding.

Personally, I thought I should toddle off, but siren voices think otherwise so I shall continue as Chairman before it is obvious I should stop!

2

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 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 2024.

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 requirements 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 on 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 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 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 the year. Thank you to Philippa McEvoy, Kathy Stevenson and Christine Southern.

3

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 THE LEAGUE OF FRIENDS OF TEDDINGTON MEMORIAL HOSPITAL

Main fundraising

There were only limited fund-raising activities during the year, the main one being the Charity Bridge Event at Richmond Bridge Club.

Bequests and Donations

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. Bequests are the main source of funding for the League. In 2024 we received just over £100k from bequests and were notified of some very substantial future bequests, which will put the funding of the League on a very sound footing.

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 throughout the year. Ed has decided to step down as a Trustee in 2025 due to pressure of other commitments. He will be succeeded as Membership Secretary by Dizem Ozlap. In future, we will offer new joiners the option to be a Member (with voting rights at the AGM etc) or a Subscriber, who do not want the obligations of membership but wish to support the League financially.

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 were at a record level. Great credit and thanks to our 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 our thanks to the nursing and general staff of the hospital, together with the General Practitioners in the local area who work for the benefit of patients.

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

Plans and objectives for the future

We look forward to undertaking new projects for the benefit of patients and continued working with KRHN and GPs. We will communicate and update as 2025 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 2024 shows net income of £42,062 (2023: £49,653). As at 31 December 2024, the net assets were £910,332 (2023: £868,270).

The Trustees consider the financial position of the League as at 31 December 2024 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 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 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 2024 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;

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:

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 2024.

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 2024

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 on investments
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
Funds
£
122,649
58,614
14,291
1,174
196,728
80,897
74,697
155,594
41,134
928
42,062

778,262
820,324		 Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
2,008
2,008		 Endowment
Funds
£
-
-
-
-
-

-
-
-
-
-
-
88,000
88,000		 Year to
2024
£
122,649
58,614
14,291
1,174
196,728
80,897
74,697
155,594
41,134
928
42,062
868,270
910,332		 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

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 2024

Note 2024 2023
£ £ £ £
Fixed assets:
Investment property 10 88,000 88,000
Investments 11 737,262 737,262 732,292
825,262 820,292
Current assets:
Stocks 2,471 2,398
Debtors 12 4,202 4,348
Cash at bank and in hand 117,561 57,371
124,234 64,117
Creditors:
Amounts falling due within one year 13 (39,163) (16,139)
Net current assets 85,071 47,978
Total assets less current liabilities 910,332 868,270
Net assets 17 910,332 868,270 868,270
Funds:
Unrestricted funds 14 820,324 778,262
Restricted funds 15 2,008 2,008
Endowment funds 16 88,000 88,000
Total funds carried forward 910,332 868,270

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.

8

THE LEAGUE OF FRIENDS OF TEDDINGTON MEMORIAL HOSPITAL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

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:

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:

9

THE LEAGUE OF FRIENDS OF TEDDINGTON MEMORIAL HOSPITAL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

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. Income and endowments from donations and legacies

5.

Unrestricted
Funds
£
Member’s subscriptions and
donations
4,536
Grant income
-
Other donations and legacies
118,113
122,649
ncome and endowments from other trading activities
Unrestricted
Funds
£
Shop purchases and expenses
56,508
Fund raising events
2,106
58,614		 Restricted
Funds
£
-
-
-
-
Restricted
Funds
£
-
-
-		 Endowment
Funds
£
-
-
-
-
Endowment
Funds
£
-
-
-		 Year to
2024
£
4,536
-
118,113
122,649
Year to
2024
£
56,508
2,106
58,614		 Year to
2023
£
5,647
500
38,944
45,090
Year to
2023
£
44,804
16,363
61,167

Income and endowments from other trading activities

Income and endowments from other trading activities in 2024 was entirely attributable to unrestricted funds.

6. Income and endowments from investments

Dividends
Miscellaneous
Gain on investment property		 Unrestricted
Funds
£
14,291
1,174
-
15,465		 Restricted
Funds
£
-
-
-		 Endowment
Funds
£
-
-

-
-		 Year to
2024
£
14,291
1,174
-
15,465		 Year to
2023
£
14,819
256
-
15,075

Income and endowments from investments in 2024 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 2024

7. Expenditure on raising funds

Shop purchases and expenses
Staff costs (note 9)
Publicity costs
Investment manager fees		 Unrestricted
Funds
£
31,655
35,275
3,718
10,249
80,897		 Restricted
Funds
£
-
-
-
-
-		 Endowment
Funds
£
-
-
-
-
-		 Year to
2024
£
31,665
35,275
3,718
10,249
80,897		 Year to
2023
£
26,454
29,051
3,384
10,780
69,669

Expenditure on raising funds in 2024 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)
Project costs – repair of roof
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
£
8,765
12,619
38,753
1,131
1,343
1,638
633
482
1,368
933
2,467
4,566
74,697		 Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-

Endowment
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-		 Year to
2024
£
8,765
12,619
38,753
1,131
1,343
1,638
633
482
1,368
933
2,467
4,566
74,697		 Year to
2023
£
8,141
-
5,699
713
1,220
1,560
103
300
2,213
947
1,680
5,871
28,447

Expenditure on charitable activities in 2024 comprised of £74,697 in unrestricted funds

9. Staff costs, trustee remuneration and expenses and key management personnel

Salaries and wages Year to
2024
£
44,040
44,040		 Year to
2023
£
37,192
34,063

No employees received employee benefits in excess of £60,000 (2023: nil).

No Trustees or persons connected with them received any emoluments in their role as Trustees from the charity (2023: nil) and no Trustees have received payment for professional or other services provided to the charity during the year (2023: nil). There were no reimbursements of individual expenses to any Trustee during the year (2023: nil).

The average number of persons employed by the charity (including directors) during the year was 3 (2023: 3).

11

THE LEAGUE OF FRIENDS OF TEDDINGTON MEMORIAL HOSPITAL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

10. Investment property

Fair value Year to
2024
£
88,000		 Year to
2023
£
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

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
12.
Debtors: Amounts falling due within one year
Other debtors
Prepayments and accrued income
13.
Creditors: Amounts falling due within one year
Accruals		 Year to
2024
£
732,292
14,291
-
(10,249)
928
737,262
Year to
2024
£
737,262
732,292
Year to
2024
£
425
3,777
4,202
Year to
2024
£
39,163
39,163		 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

12

THE LEAGUE OF FRIENDS OF TEDDINGTON MEMORIAL HOSPITAL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

14.
Unrestricted funds
Year ended 31 December 2024
General funds
Year ended 31 December 2023
General funds
15.
Restricted funds
Year ended 31 December 2024
Chapel support fund
Year ended 31 December 2023
Chapel support fund
16.
Endowment funds
Year ended 31 December 2024
Stenner Will Fund
Year ended 31 December 2023
Stenner Will Fund
Name of Fund
Stenner Will Fund		 Balance at
Gains &
Balance at
01/01/2024
Income
Expenditure
(losses)
31/12/2024
£
£
£
£
£
778,262
196,728
(155,594)
928
820,324
778,262
196,728
(155,594)
928
820,324
Balance at
Gains &
Balance at
01/01/2023
Income
Expenditure
(losses)
31/12/2023
£
£
£
£
£
728,609
121,332
(98,116)
26,437
778,262
728,609
121,332
(98,116)
26,437
778,262
Balance at
Gains &
Balance at
01/01/2024
Income
Expenditure
(losses)
31/12/2024
£
£
£
£
£
2,008
-
-
-
2,008
2,008
-
-
-
2,008
Balance at
Gains &
Balance at
01/01/2023
Income
Expenditure
(losses)
31/12/2023
£
£
£
£
£
2,008
-
-
-
2,008
2,008
-
-
-
2,008
Balance at
Gains &
Balance at
01/01/2024
Income
Expenditure
(losses)
31/12/2024
£
£
£
£
£
88,000
-
-
-
88,000
88,000
-
-
-
88,000
Balance at
Gains &
Balance at
01/01/2023
Income
Expenditure
(losses)
31/12/2023
£
£
£
£
£
88,000
-
-
-
88,000
88,000
-
-
-
88,000
Description, nature and purposes of the 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.		 Balance at
31/12/2024
£
820,324
820,324
Balance at
31/12/2023
£
778,262
778,262
Balance at
31/12/2024
£
2,008
2,008
Balance at
31/12/2023
£
2,008
2,008
Balance at
31/12/2024
£
88,000
88,000
Balance at
31/12/2023
£
88,000
88,000

13

THE LEAGUE OF FRIENDS OF TEDDINGTON MEMORIAL HOSPITAL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

17. Analysis of net assets between funds

nalysis of net assets between funds
Year ended 31 December
2024
Fixed assets
Current assets
Current liabilities
Year ended 31 December
2023
Fixed assets
Current assets
Current liabilities		 Unrestricted
Funds
£
737,262
122,225
(39,163)
820,324
Unrestricted
Funds
£
732,292
62,109
(16,139)
778,262		 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
£
825,262
124,233
(39,163)
910,332
Total
£
820,292
64,117
(16,139)
868,270

18. Related party transactions

There are no related party transactions to disclose for 2024 (2023: none) – see note 9.

14

THE LEAGUE OF FRIENDS OF TEDDINGTON MEMORIAL HOSPITAL

INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024

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
Bank interest
Grant Income
Expenditure
Computer and IT Costs
Staff costs (note 9)
Support to hospital
Roof repairs
Printing and stationery
Postage and telephone
Insurances
Meeting Expenses
Miscellaneous costs
Professional fees
Audit and accountancy fees
Bank and card charges
Publicity costs
Investment manager fees
Surplus from activities for the year
Unrealised gains on investment assets
Total surplus for the year		 £
31,665
18,718
4,536
118,113
2,106
14,291
1,174
-
1,368
25,322
38,753
12,619
1,131
1,343
1,638
482
633
2,467
4,566
933
3,718
10,249		 2024
£
56,508
(50,373)		 £
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)
1,667
76,528
(54,979)
6,135
140,221

(105,222)
41,134
928
42,062		 23,216
26,437
49,653

15