REGISTERED COMPANY NUMBER: 07208770 (England and Wales) REGISTERED CHARITY NUfvIBER: 1136143 Report of the Trnstses and Unaudited Flnanclal Statements for the Year Ended 31 December 21)23 ror Tenbury Communlty IIospltal League of Friends Dyke Ruscoe & Hayes Ltd Chartered Certified Accountanls 110 Corve Street Ludlow SHROPSHERE SY8 IDJ
'renbury Community H.ospital LeAgue of Frlends Contents of the Flnancial Statements ror the Year Ended 31 December 2023 Page Report of the Trnstees I to 2 Independent LxAmlner's Report Statement of FlnanclAI Aetivitles Bal4nee Sheet Notes to the Finan¢Aal St4t¢ments 7 to 15
Tenbury Commiinity Hospital League of Fi'ieuds Report ofdie T1$teeS for the YeAr Lnded 31 December 2023 The trust¢¢s who e also directors of thg Chlty for the purposes of the Cornpanies Act 2006, present their report with the finall¢ial slatemeiits of the charity for th¢ year ended 31 Decernb¢r 2023. 'The ttwstees have adopted the provisions of Accoiinting and Rep)rting by Charities,. Ststernent of Recomtnended Prathice applicable to charities preparing their accounts in CordanCe witb the Financial Reporting stdard appli¢abl¢ in th¢ UK at]d Republic of ITelalld (FRS 102) (effective l January 2019). ORJfi CTIVES AM) ACTIVITIES Objectives and aim8 The objectives of the League ate to assj8t the welfare and w¢llbeing of patienl's and fonner patienls. This is achieved in thTee ways:. (i) by providing the hospital with new equiptnent as necessary, thus ensuring that the patients treated using tbe latest and most sophistited methods possible. (2) by providing buildillgs, facilities and open spac¢ as well as services to patients to help make their stay in hospital as comfortable as possible. (3) tbrough the making of grants to relevant associated orgallisations ag deemed appropriate by the trustees. The main activities of th¢ L¢&gue have been fundrnising and supporting the work. of the hospital. Tbe League ha8 Continued to supplement hospital services, assist hospital staff, support siGlc patients and recMit volunteers. Public benefit Th¢ trnstees have had rcgard to the Clwity Commisgion's guidaL)ce on public benefit and believe that the L¢agu¢'s continued support of the hospÉtal is of huge publtc benefit to the penple of Tenbury and the surmundin8 Area. Volunteers 'rhe League is pleased to recognise the contribution made by 115 volunteers, the value of which is nol. quantified within e fmancial statements. ACHIEVEMII NT AND PFRFORWCEI During tbe year the League rontinued the siiccessful fundrnising. It 2180 corLtinued to purchase new ¢quipmenl for the hospital. FINANCUAL REVIEW Finkncial position During the year the League had an deficil of income over expenditsre of £25,471 (2022: surplus £125,990), resulting in serves Qanied forwoTd of £2,354.755 (2022., £2,380,226). Whilst reserves remain fr¥e and unrestrioted, the trust¢e5 are aGGurnulating tbose reserves whilst they are in negotiation with the Health Authorities to possibly provide an X-ray machine. Principal tsnding sources The Leagiie's principal sources of income are from donatiolls and l¢gaLies, Resee8 Policy The League holds reserves pending reqsts from the Hospital Trust for equipm¢nt and anciL18ry ttems whith by nature are of high value, The League has a resetve8 policy of £30,000. STRUCTiTRE, GOVERNANCL AND MANAGEMENr Gove.rning document The 017ty is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, gs dethed by the Companies Act 20a6. New trllSte are appointed by the members. Page I
Tenbury Community Ho$pitsl League of Friends Report of the Trustee8 for the Year Ended 31 December 2023 REFERENCE AIYD ADllItNisfRATIVE DETAI8 Registered Company numbei. 07208770 (England and Wales) Registered Charity number l136143 Registered offic¢ aydene Rochford Tenbury Wells Worcestershire WR15 8SP Truste Mrs M A Latllnan BEM AJDal¢ Mrs R A MAdams DrR F Tinkler (resigned 16.5.23) P M Gibb8 G C Bennel (resigned 9.5.24) P J Bull (appoint¢d16.5.23) Mrs B K Padwick (resigned 9.5.24) Mrs S M Whitefoot J L Beautnont {appointed 16.5.13) P J Denbeigh {uppoint 25.10.23) MtB E B Parton (wpoint¢d 25.10.23) Dr J M McHugo (appointed 25.10.23) Mrs T E Young (appoillted 25.10.23) CompAny SecretAry PJBull llldependent Examiner B E Pritn¢ Dyke Rus¢oe & Hay¢,8 Ltd Cbartered Certified Accountants 110 Corve Street Ludlow SHROPSHtRE SY8 IDJ COL¥IMEI NCLMENT OF ACTtvI'rtE,S The charitable company was incoryxirat¢d on the 30 2010 and r¢gistergd as a Gharity on the 2 JurLe 2010, The charitable company remained dorniant until l August 2010 when th¢ acliviti¢s assets of the unincorporated entity The League of Friends of Tenbury and District Community Hospital (charity number 516240) were transf¢rred. This report has been prepawd in accoi'd&nog with the special provisiolls of Part 15 of the Companies Act 2006 relating to small companies. Approved by order Df the board of trustees on 30 Augusl 2024 and signed on its b¢half by: P J Bull . Trustse Page 2
Indep¢ndeiit Examiner's Report to the Truste¢s of Tenbury Community HospAtal League of Friends Independent exAmlner's report to the trustees of Tenbury Community Hospital League of Friends ('tho Company,) I report to the Gharity truthes on my exan]ination of th¢ accounts of the Company forthe Ye ended 31 December 2023. Responsibilities and basis of report As the charity's trustees of the Company (and also its directors for the purposes of Lomp¥ny law) you are respon5ibl¢ for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (%h¢ 2006 A¢t'). Having satisfied myself that the ut5 of the Company are not required to be audited under Part 16 of the 2006 Act at]d are eligible for indepgnd¢nt examination, I rgport in speCt. of my examination of your charity's accounts &q canied out under Section 145 of the Charities Act 2011 Cthe 2011 Act,). In carytng 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 Matte have come to my attention itL connection with the exmination giving me cause to believe,. accounting records were not kept in respect of tbe Company as required by Section 386 of the 2006 ACL or the accounts do not accord with those records. or the accounts do not comply with the accounting reouiremenls of Section 396 of the 2006 A¢t other than any requ1ment that the accounts giv¢ a true and fair view which is not a tnatter Gollsidered part of 8m independent xamination- or th¢ aG¢ounts have iiot been prepared iti aGGothce with the methods and principles of the Stslement of Recommended Practice for accounting and reporting by Gharities (applicable to ciwiti&s pttparing thekr cOuntS in aCcOrdce with the Financial Reporting Standard applicable in the UIC andRepublic of Ireland (FRS 102)). I h&v¢ no nemS and have come aGr035 no othgr [natrE in Gonnectioll with the examination to which attention should be drawn in this report in order to enable a proper underslxnding of the a¢wunts to be reaGhed. L*l_. .-W B E Prime Dyke Rltscoe & Haycs Ltd ChartetEd Certified Accountsnts 110 co¢ Streei Ludlow SHROPSHtRE SY8 IDJ 30 August 2024 Page 3
Tenbury Community Hospital Igue of Friends statement of Fillaneial Activities UncorporAtiiig an Income and Kxpenditure Aecount) for the Year Ended 31 December 2023 2023 Total furtds 2022 Tota] funds Unrestt'i¢t¢d fund R¢stiicted fund Notes INCOME AND ENDOWMENrs rROM Donations and legacies 5,387 5,387 239.782 Investment income Other income 27,4l4 16 27,414 16 19,969 Total 32,817 32,817 259,751 EXPENDITURE ON Raising lld$ 4,388 4,388 4,032 Charitable actlvities Hospital funding 56,900 56,9Crf) 50,931 Other 4,133 Total 61.288 61,288 59,096 Net gainsl(Iosse5) oll investmerkts 3,000 3,000 (74.665) NET INCOMEI(EXPENDITURE) {25,471) (25,471) 125,990 RECONCILIATION OF FUNDS Total fund5 brought forward 2,380,226 2.380,226 2,254,236 TOTAL FUNDS CARRIFJ) FORWARD 2,354,755 2,354,755 2,380,226 The notes forni part of these financid statsm.ents Page 4
Tenbury Community Hospltal LeHgue of Friends Balance Sheet 31 December 2023 2023 Total fimds 2022 Total nds Unrestricted fund Restricted fund Notes FIXKD ASSETS Tangible assets Investu]ents io li 811,112 501,766 811,112 501,766 827,972 488,208 1,312,878 1,312,878 1,316,180 CURRENT ASSETS Debtors.. amounts f&lling due within on¢ year Debtors,. amowits falling due &ft¢r morc than one year Prepayments and accnjed in¢ome Cash at bank 12 13,748 13,748 12,500 L2 325,000 1,946 702,682 325,000 1,946 702,682 337,500 1,440 715,604 13 1,043,376 1,043,376 1,067,044 CREDITORS Amounts fallillg due within one year l4 (1,499) (1,499) {2,998) NET CURRENf ASSETS 1,041,877 1,041.877 1.064,046 TOTAL ASSETS LESS CURRENT LIABILITIES 2,354,755 2,354,755 2,380,226 NET ASSETS 2,354,755 2,354,755 2,380226 15 l.TntEstricted funds 2,354,755 2.380.226 TOTAL FUNDS 2J54,755 1380,226 The charitable company is entitled to exemption fron] audit under S¢Gtion 477 of th¢ Companies Act 2006 for the year ended 31 DeMber 2023. The m¢mbers have not required the cornpany to obtsin an audit of its financial statements for the yeor ended 31 DeLember 2023 in accorthce with Section 476 of th¢ Compani¢s Act 2006. The Irustees acknowledge their responsibilities for (a) ensuring that the charitable ¢ompany keeps accounting records that comply witb SeGtions 386 and 387 of the Companics Act 2006 alld preparing fllwicial staterngnts which give a true and fatr view of the state of affai ot the charitable cott]pany as at the end of e&¢h fmancial year and of its SUTplus or deficit for each financial year in a¢cord&nce with the uirements of Sections 394 and 195 and which oth¢Niise comply with the requitEments of the Companies Act 2006 relating to financial sthtements, so &r as appliG&bl¢ to th¢ charilable ¢OLnpany. (b) The notes forrn part of these financial statements Page 5 continued...
Tenbury Community Hosplt81 Lefigue uf FrAend$ BalAnce Sheet- eontlnlled 31 December 2023 These fall¢la1 sÉal¢ments have been ppared in a¢¢ordance with the provisions Trpplicable to charitable companies subjetit to tbe sma]l companies regime. The financial statements were appioved by the Board of Trustee5 and authori5ed for issue on 30 August 2024 and were signed on its behalf by: S M Whitefoot- Trustee The notes forni part of these financial statements Page 6
Tenbury CommuDity HospitAI League of Friends Notes to the Financial Statements for the YeAI' Ended 31 December 2023 AC:CQUNTING POLICIEI S. B&8is of prepftring the finnnclAI ytatements The fthaucial statements of the Charitable compally, which is a publiG benefit entity under FRS 102, have been prepared in accordance with tbe Charities SORP (FRS 102} 'AccoLllLting arnd Reporting by Charities.. Stalement of ReGommended Practice applicable to charities preparing their coUllts in a¢wrdanc¢ witb tbe Fin8ncial Reporting Standd applicable in the UK and Republic of Ireland Rs 102) (effective l JallU 2019),. Financial Reporting Standard 102 'The Financial Reporting Stand&rd applicable in the UK gnd Republic of Ireland, and the Companies Act 2006. Th¢ financial statements have been prepared under the historical ¢osl convention, with the exception of illv¢stm¢nts wkni¢h are included at marlcet value. Income All inwme ts recognised in the Statement of Fin8n¢ial Activities once the Lharity has elltitlejnellt to tb# fids, Lt is pmbable ibat the in¢ome will be re(eived and the amount can be measured Teliably. Income Erotn trading activities Is 8tst¢d aft¢r &Thy dis¢ounts. Income is not subject to VAT or glly other Sales taxes. Expenditure Liabilities aw recognised as expenditure as soon as there is a legal c)r constructive obligation committing the charity to that expenditure, it is probable that a transfer of economiG benefits will be required in settlement and the amount of the obtigation can be Meured reliably. Bxpenditurc is accounted for on an acornS basis and has been classified under headings that awegate all cost relat'ed to th¢ category. Where costs cannot be dir¢¢ily attril)uted to particular headings they have been allocated Éo a¢tivtties on a basis COllSiStent' with the use of resources. Grants off¢red subje¢t to conditions which have not been et at the year end dat¢ ar¢ noted as a cornmitment but not accrued as expenditure. Governance tO8ts Governance costs comprise all costs involving the public accountabilily of the charity and its compliance with regulations and gwd prafjti¢e. Tangible rued ussets DepciatIon is provided at the following annual ratss in order to write off ea¢h asset over its estimated useful life. Freehold pmpety - 2 % on cost Improv¢m¢nts to property - Gost over 11 years Plant and machinery - 250/0 on Gost T&x8tion 'rhe charity is exernpt from corporation tax on its charitable activiti¢s. Fund accountlng All fund8 are unrestri¢t¢d and can be used in aordanCe with the charttable objectives at the discretion of the trustees. Fixed asset investments Investments ar¢ a forni of basic fthancial instrument. Fixed asset investments are initially recognised at their transactton value and are subsequently measured at their fair value (market value) as at the bance sheet date. The StAtement of Financial Activiti includes the net gains and I0e8 arising on revaluation alld disposals tIOUghoUt the year. Quoted stocks and shares are included in the Balonce Sheet at the ¢urrent marlcet value quoted by the irwesttn¢nt analyst, cxcluding dividend. Th¢ main fomi of financial risk far¢d by the ¢hurity is that of volatility in equity rriarkets and investtnent markets due to wider eG'ollomic conditions. the attitude of investors to investsnent risk, and changes in sentitnellt con¥¢n)ing ¢quitie8 and within particular sectors or sub sectors. Page 7 continued...
Tenbury Community Hospi41 League of Frlonds Note5 to the Financial stateents - continued for the Year Ended 31 December 2023 ACCOiJNTING POIJCIES - eontlnued Flxed asset investments Investment5 are allaged on & totsl Lftum basis in line with the powers given unde.r The Trusts (Capitsl &nd InGone) Act 20L3, Realised gaiiis and losses All gains and108ses are tsken to the Statement of Financial Activities as they arise. Realised gains and losses on inveslments are Lalculated as the difference between sales proceeds and opening oanying value (pUhaSe date if l&er). UnaliSed g¥4in8 and losses are caloulated as the differellce between the matht value at the year end opening carrying value (or purcb85e date if later). Debtors Debtr)rs are atnounts owed to the charity. They &re measured on the b&8is of their recoverable amount. Cash at bank and in hand Cash at banlc aod in band is held to meet the day to day running ¢osts of the clwity &8 Ihey fgll due, Cash equivalents are short l¢rm, highly liquid investments, usually in instaftt aGcess int#rest bearing savings &Gcounts. Creditors Creditors amounts owea by the charity. They are rn21d at the amount tIMt the charity expects to have to pay to settle the debt. DONATIONS AND LEI GACIES 2023 2022 Donations Legacies Subsciiplions 4,688 8,303 230,495 984 699 5,387 239,782 INvEsTNT INCOME 2023 2022 InvesLTnent income Deposit aceount interest 20.804 6,61Q 17,197 2.772 27,414 19,969 Page 8 continued...
Tenbllry Commllnity Hospital League of fi Tiends Notes to the Financial Sthtement5 - continued for the Year Ended 31 December 2023 RAISING FUNDS Inveytment mRnRgement costs 2023 2022 Investm¢llt inanag¢ment costs 4,388 4,032 GILTs PAYABLE 2023 2022 Hospit funding 17,500 12,500 Grants made payejjle to instiWtions in 2023 totalled £17,500. (2022 £12,500). SUPPORT COSTS Govenwice costs Management Totals Hospital funding 4,444 978 5,422 Support costs, included in thc above, are as follows: Management 2023 Hospital fullding 2022 Tota] a¢tiviti¢5 Insurallce Aceountancy Website costs 3,5É14 600 300 3,233 600 300 4,444 4,133 Covernance costs 2023 Hospital funding 2022 Total activities Postage and stationery Examination fee 77 112 900 978 1,012 Page 9 continiied...
Tenbury Community Hospital League. of Fri¢nds Notss to tho FinAnciAI Statemertts - contlnued for the YeAr Ended 31 December 2023 NET INCOME/(EXPENDITURE) Net inoom&(¢xpenditur¢) is stated after ¢harg1(Crediting).' 2023 2022 DepRciation - owned &ssets 33,479 36,629 TRUSTEES, REMUNEIL4TION AND BENEFITS Thttre were no ttvstees, remuneration or other benefits for the year ellded 31 December 2023 nor fot tbe year ended 31 December 2022. Trustees expenseB rhere were no Irustee5' expenses paid For tbe ye&r ended 31 December 2023 nor for th¥ year ended 31 December 2Q22. COMPAIL4TIVlI S FOR THE STATLI MELYf OF FINANCIAL ACTIVITIES UnrestriGt¢d fund Restt'ictsd lld Total fLLnds INCOME ATrID ENDOWIVIENfs FROM Donations and l¢gacies 239,782 239,782 Investment inoome 19,969 19,969 Total 259,751 259,751 EXPENDITURE OIY Raising funds 4,032 4,032 Charitable Activities Hospital funding 50,931 50,931 Other 4,133 4,133 Total 59,096 59,096 Net gainsl(105ses) on investmonts (74.665) (74,665) NET INCOME 125,990 125,990 RECONCILIATION OF FUNDS Total funds broughi forward 2254236 2,254,236 TOTAL FUNDS CARRIED FORWAIiD 2,380,226 2,380,226 Page 10 continued...
Tenbury Communlty Hospital LeAgue of Frlends Notes to the FlnanclAI St2tement$- contlnued for the Yr Ended 31 December 2023 io. TANGIBLE FIXED A&SETS Improvements Fr¢ehold pr()p¢ty Plant alld machinery prop¢ty Totals At I JUary 2023 AdditAons 1,000,000 22,265 74,635 16,619 1,096,900 16,619 At 31 December 2023 1,000.000 22,265 91,254 1,113,519 DEPRECL4TION At l January 2023 Charge for y¢ar 198,751 16,000 20,674 318 49,503 17,161 268,928 33,479 At 31 DeL¢mb¢r 2023 214,751 20,992 66,664 302,407 NET BOOK VALUE At 31 D¢G¢mb¢r 2023 785,24l) 1,273 24,590 811,112 At 31 De¢¢mbw 2022 801,249 1,591 25,132 827,972 Ihe firehold property repr&8ents land and buildings. The total value w&8 provided by all independent valuation on 31 DeGember 2010, being the date the pr¢vious unincorporated charity was incowordted. No revaluation reserve 15 therefore shown, The trustees have estiraated the land eler(LenL &nd depreciation is provided ut 2% on cost on th¢ buildings eletnent. Equipn]ent purGha5ed prior to inGoryoration was noi depreciated. equipment is now depreciated at 25f/Fo on .8t. ii. FIXED ASSFT INVESIMENTS Listed investments MARKET VALUE At l January 2023 Additions Disposals 488,208 49,746 (36,188) At 31 Dember 2023 501.766 NET BOOK VALUE At 31 Decejnber 2023 501,766 At 31 Dec¢]nber 2022 488,208 There We no inveslment assets outside the UK. Page 11 continued...
Teubury Community Hospit81 League of Friends Notes to the Fin#nel81 St2tem6nts - continued for the Year Ended 31 December 2023 FIXED ASSET iNVESTMfi NI'S- continued Cost or vaEuation at 31 December 2023 is represellted by: Li8ted investrnents Valuatloll in 2022 Valuation in 2023 488,208 l3,558 501,766 12. DEwfoRS 2023 2022 Amounts falling due within Olle year: Trade debtors I,0t to health authority 1,248 12,500 12.500 13,748 12,500 Amounts falling due after more than one year,. Lo¥n to health authority 325,(100 337,500 Aggregate amounts 338,748 350,000 13. CASH AT BANK 2023 Total funds 2022 Total funds I"SB Cuttent Account Virgin Money Deposit Account TSB Instant Access AGwunt HWTIS Allday Cash Acwunt 11,016 40,000 643.660 8,006 36,182 40,000 637,276 2,146 Total 702,682 715,604 Page 12 continued...
Tenbury C4)mmuiilty Hospital LeAgue of Friends Notes to the Financial Statements - continued for the Year Ended 31 December 2023 14. CREDITORS: Amouwfs FALLINC DUK WITKtN 01¥4EI YEAR 2023 2022 Trade creditr)rs Awrued expenses 1,499 1.499 1,499 1,499 2.998 15. Mo4 METrrf IN FUNDS Net movement ill thnds At 31.12.23 At 1.1.23 Unr&stricted funds General fund 2,380,226 (25,471) 2,354,755 TOTAL FUTr4DS 2,380,226 (25,471) 2,354,755 Net movement in fiJnd& included in the above are as follows., Incoming res1¢8 Resources expend£d Gains and 1058es Movement UnrtrICted funds General fund 32,817 (61,288) 3,000 (25,471) TOTAL VUNDS 32,817 (61,288) 3,000 {25,471) Comparntives for movement in funds Net movement in ndS At 31.12.22 At 1.1.22 Unrestricted fiAnds General fithd 2,2.54.236 125.990 2,380,226 TOTAL FUNDS 2,254,236 125,990 2,380,226 Comparative net movement in fvnds, included inthe above are as follows: Incotning resources Resources expended Gains and losses Movem¢nt in funds UnrestrALted funds General fund 259,751 {59,096) (74,665) 125,990 TOTAL FULYDS 259,751 (59,096) (74,665) 125,990 Page 13 conttnued.,.
Tenbury c0munity Hospital League of Friends Notes to the Flnaiicfial Statements - eonthiued for the YeAr Ended 31 Decembei. 2023 15, MOVEMENT IN FUNDS . continued A Gurr¢llt year 12 months and prioryear 12 months combined position is a% follows: Net movement in llds At 31.12.23 At 1.1.22 Unrestricted funds GenoraI fund 2,254,236 100,519 2,354,755 T(YfAL FUNDS 2,254,236 100,519 2J54,755 A Gurrent y¢ar 12 montkls and prior year 12 tnonths Combin net movement Ill funds, includ¢d in tho above are as follows: Incoming resour¢es Resources ¢xpEnd¢d Gains and losses Movement in funds Unrestriet¢d funds General fund 292.568 (120.384) {71,665) LOO,519 TO'fAL FUI¥DS 292,568 (12a,384) (71,665) 100,519 16. RELATED PARIY DISCLOSURES There were no Telated paty transactions for the year ended 31 December 2023. 17. ULTITrL4TE CONTROLLING PARTY The In(ee5 consider the board of directors to be tbe ultirnate controlling paty. 18. COMPANY LIIWllTED BY GUARANTEE The Charity is a company limited by guarantee and has no sh¢ capilal. The liability of each member in the evenl of winding up 18 limifrd to £10. 19. GOING CONCEI RN rhc Irustees b¢lieve ÉILat the charLty fac£8 no material uncertainties and Mqll be able to maintain positive cash flows forthe foreseeable tUre and, as a result, the going concern basis of accounting has been adopted. PHge 14 wntinued...
Tenbury Communlty Hospltal League of Friends Notes to thè FlnAiidAI Statements - continued ror the Year Ended 31 December 21)23 20. LEI ASE OF FREEI HOLD PROPERTY Th¢ freehold PLDpety is the subject of 99 year leases dated 10 November 2000 ]d 10 February 2012 in favour of the Worcestershire Primary Care Trust. The leases are at a peppercorn rent, and are subject to & break clause in the event t11 th¢ lenanl no longer continues to provide hospital services on ttLe site, 21. IAIAN ASSIT On 30 Novetnber 2010 a loan of £500,000 was provided to the Worcestershire Primry Care Trwst to fund the building of additional hospitsl fa¢iliti&s. This loan is being written off over a tenn of 40 yeatS, WLth the balan¢e outstanding at atty point being repayable in the event that th¢ Primary Care TNst were to discotLtinue providing hospital services on the site owned by the Frielldsladjac¢nt to tbe land owlled by the Friends. Page 15