REGISTERED COMPANY NUMBER.. 07208770 (EnglAnd and Wales} REGISTERED CUARITY NUMBER: 1136143 Report of the Trustees Unaudited Financial Statements for th¢ YeAr Ended 31 December 2024 for Tenbury Community HospitAI L¢a%ue of Friends Streets Dyke Riiscoe Ltd E10 Corve Streei Ludlow SHROPSHtRE SY8 IDJ
Tenbury Community Hospitil League of Friends Contents of the Flnancial Statements for tbe Year Ended 31 December 2024 PAge Report of the Trustees Independent Exandner's Report Statement of FlnAncial Activities Balante Sheet Notes to the Financial Statements 7 to 15 Det411ed Stlltement of Fin>Jnei91 Aetlviti&s 16 to 17
T¢ubury Comnjuuily H05pltnl League ofFriend8 Report of the Trllstees for the Year Ended 31 D¢ceLnb¢r 2024 I'he trustees who &e also directors ot the chlty for the purposes of the Companies Act 2006, present thexr r¢port. with the financial statements of the charity for the year ended 31 December 2024, The truste¢8 have adopted the provLSiOllS of AcLoiinting and Reporting by Charities: Ststement of Re¢onunended Practice applicable to chariti¢s preparing their &CCOLinls in accoLdanc¢ with th¢ Finaucial Reporting St&ndaTd appli¢abl¢ in tbe UIC and Republic of Ireland (FRS 102) (eff¢¢tive l JUary 2019). OBJECI'IVES AND ACTlVI'fIES ObjectlV¢5 and aln)s Th¢ objectives of the League are to assist the welfare and wellbeing of patients and fornier patients. Thi3 is achieved itt three ways:. (i) by providing the hospitsl wirth new equipment as necessary. thu8 ensuring tliat tFLe patients are treated Lising the latest and most sophisticated inethods possible. (2) by Providing buildings, faGilities and open space well as services to patients lo help tnake their stay in hospital ¢omfortttble as poysible. (3) tbrough IIL¢ maliing of grants to relevant associated organisations as deemed appropriate by the trustses, The n1 aclLVities of the League have been fundraisiiig alld siipportitLg the work of tbe hospltal. Th¢ .Lcague has continiied to suppletllent hospital .%erviG£s, assist hospital staff, support sick patients and recruit voluntsers. Public bellefit Th¢ trustees have had regard to the chari.ty Commission's guidance on Pllblic benefit and believe that tlie League's continu¢d support uf the hospital is of huge piiblic benefit to the people of Tenbury the suulld1ng area. Volunteers The League is pleased to recognise th¢ coutribution made by its volunteers, the valiTe of which is not quantified within the financial statetnents. Ac[1 VEI MENT AND PERFORMANCE During th¢ year the Lea¥ue continued the siiccessFul fundi'aising. It also continued to purchabe new equipment for the hospital. FINANCIAL REVtEW inancial position During the year Ihg L¢agu¢ had an siirplus of in¢om¢ over expenditure of £62.014 (2023: defi¢it £25,471), resiilting in r¥seLves carried fonwd of £2,416,769 (2023.. £2,354,755). While the reserveg remain free and iiniestricted the DirectorsflrLiSte¢s are looking to develop a strategy with the local Hedlth Authorities, GP'S and other hBalth¢are providers within Tenbiiry and Digtrict, with tht Hospital remaining central, to provide th¢ b¢st quality of care for patients. The strategy lo take into aCcolt the change5 Wlthin the NHS Prinelpal funding sources The League's priiicipal sources of tncome ar¢ from donations and legacies. Reseryes Policy The Le&gue holds reserves pending requests frotn the Hospitr41 Trust for equipment and ancillary its]ns whi¢h by natwe are of hlgh value. The League has a reseives poli¢y of £30,000. STRUCTURE, GOVERNANCE AND MANAGEMENT Govei'ning document The Charity is Controlled by its governing docLunenL a deed of trust, and constitut¢s a limited company, limited by guaraTht¢e, as defiL]¢d by the Companies Act 2006. New trustees are appointrd by the members. Page I
Tenbury Community HTr$pital League of Friend5 Report of the Trustees for the Year Ended 31 DeLembei' 2024 RCI FERENCE AND ADMINISTRATIVLI DE'rLs Registered Company number 07208770 (Eiigland and Wales) Registered Charity number 1136143 Reglstered office Maydene Rochford Tenbluy Wells Worcestershire WR15 8SP Trustees Mrs M A Lanman BEM (resigned l.1.25) AJD&l¢ Mrs R A M Adams P M Gibbs G C Bennet (resigned 9.5.24) P J Biill Mrs E K Padwick (resigned 9.5.24) Mrs S M Wknitefoot Mrs J L Beaumont P J Denbeigh (reSIled l.1.25) Mrs E B Parton (re8igned l.L.25) Dr J M McHugo Mrs T E Young Company Secretsry Mrs J K Powell Independent Examiner BEPrime Streets Dyke Ruscoe Ltd 110 Corve Str¢et Ludlow SHR0PSHE SY8 EDJ COMMENCEMENT OF AcTivrriEs The charitable company was in¢orporaled on the 30 March 2010 and was resistered as a charity on the 2 June 2010. The Gli&rAtable Gompany remained dornkant iintil l Aiigust 2010 when the activities and assets of th¢ unincorporai'ed entity The Ledgiie of Friends of T¢nbiwy and District Community Hospital (Ghuity number 516240) were transferred. This report has been prepared ll) accordance witb the special provisions of Part 15 ot. the Companies Act 2006 relating to small Companies. Approved by order of the board of trusfres on 12 Jiine 2025 and signed on its behalf by,. P J Bull Trustee Page 2
Independent Examiner's Repoi't to the Ti'ustees of Tenbury Comtnunity Hospltal League ot Friends Independent ex#mlner's report to the trusl'ees of Tenbury Community Hospital League of Friends ('th¢ C'ompany,) I report tD the charity trust¢¢s on my examination of the accounts of the Con]pany foi. the year ¢llded 31 December 2024, Responsibilities *nd basis of report As tl)e ¢harity's ti'ust¢¢s of the CoMpY (and also its directors for th¢ puoSe5 of cotnpany law) you are responsible for the preparation of the accounts in accordanc¢ with th¢ r¢qtLir¢m¢llts of the Companies Act 2006 {'the 2006 Act,), Having satisfLed myself that the accoiints of the Company are not reqiiired fo b¢ audited linder Part 16 of the 2006 Act nd are eligible for independent examination, I report ui respecl of my examination of your charity's a¢¢ounts as carried oiit under Sectioll 145 of ihe Cknarities Act 2011 ('th¢ 2011 AGt'). In carying out my exainination I have followed tbe Directions givett by the Charity Con]rniSSiOll Ullder Section 145(5) (b) of the 2011 Act. llldependent examiner's statement I have completed my examination. I confirni that no matters have Come to tny attention in connection witb the examination giving me cause to believe: 8¢CQllllting records wer¢ not k¢pt in resp¢th of th¢ Company as required by Section 386 of the 2006 Act. or the accounts do not. acLord with those records. or the accounts do not coniply NNllth the accounting requirements of Section 396 of the 2006 Act other than ally requirement that the accL)unts give a true and fair view whiclL is not a matter considered as part of an independent exainination. or the acuoitnts have not been prepared in &c¢ordan¢e witlL the methods and priiiciples of the Ststement of RecDmtneoded Practice for accounting and r¢porting by chLtieS (applA¢abl¢ to Gharities preparing their account8 in accordattce witEL the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I Iiave no Concen and have come across no other matters in connection Hqth the examination to which att¢tttion should bg dll in this rGport ill ord¢r ts) ¢nable a proper undei'standing of the PAccounts kn be reached. B E Prime Street8 Dyke Rus¢oe Ltd 110 Corve Stre¢t Ludlow SHROPSI.ILRE SY8 IDJ 12 June 2025 Page 3
Tenbury Colllinunity Hospital Le#glle of firiend$ St4tement of Finaneial Aetivities (Incorporating an Income And Expenditiire Account) for the Year Ended 31 December 2024 2024 Total flinds 2023 Total funds Unrestricted nd R¢8triGted fund Notes INCOME AND LNDOWMENfs FROM Donalioris and legacies 106,774 106.774 5,387 Inv¢stment income Other income 30,122 30,122 27,414 16 Total 136,907 136,907 32,817 EXPENDrruRE ON Raising funds 4,711 4,711 4,388 ChAritable aetivlties Hospital funding 50,477 50,477 56,900 Oth¢r 24,591 24,591 Total 79,779 79,779 61,288 Net gaias on investments 4,886 4,886 3,000 NET DICOMEI(LI XPENDITIJRE) 62,014 62,014 (25,471) RECONCILIATION OF FULNDS Totaj fuuits brought t"orward 2,354,755 2,354,755 2,380.226 TOTAL FUNDS CARRIED FORWARD 2,416.769 2,416,769 2,354,755 The notes fonn part of these fMan¢1 st&tements Page 4
Tenbllry CoLnmunRty Hospital LeaEiie of Friends Bal4n¢e Sheet 31 December 2024 2024 Total funds 2023 Totsl funds Unrestricted nd Restricted fund Not¢s FIXED ASSETS Tangiblt assets Investments, io li 770,204 519,837 770,204 519,837 811,112 501,766 1,290,041 1,290.041 1,312.878 LURRENT ASSETS Debtors.. amoimts falling due wiiliin one year Debtors., amounts flillg due after more than one year Prepayments alld accrued income Cash at bank 12,500 12,500 13,748 12 312,500 2,079 801,148 312,SOO 2.079 801,148 325,000 1,946 702,682 13 1,128.227 1,128,227 1,043,376 CIiEDITORS Amounts falltng due within one year 14 (1,499) {1,499) (1.499) NET CURRENT ASSETS I,126.728 1,126,728 1,041,877 TOTAL ASSETS LESS CURREN'I, LIABILITIES 2,416,769 2,416,769 2,354.755 NET ASSFTS 2,416,769 2,416,769 2,354,755 FUNDS Unrestricted funds 2.416,769 2,354,755 TOTAL FUNDS 2,416,769 2,354,755 Tbe ¢haritable ¢ompany is entitl¢d to ex¢mptiorA from audit under Section 477 of the Companies Act 2006 for the year end¢d 31 De¢ember 2024. The membet7 have not required the CoMpY to obtain an aiidit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companie5 Act 2006. The triistees acknowledge their responsibilities for (a) ensuring that the charilable company keeps accounting records that comply with Sections 386 387 of the CompaLiies Act 2006 and prepai'inE financial statements which give & true and tair view of the state of affairs of the charitable company as at the end of each financial year and of its suiylus or defioit for each fLnancial year in acLordance tIL¢ requirements of Sections 394 and .395 and which otheiwise comply with the reqiiirements of the Companies Act 2006 r¢lating to financial sLat¢mgttts, so far as applicabl¢ to the charitable company, (b) The notes fonn part. of these financial statentS Page 5 continued...
Tenbury Community Hospltal Leglle ofFriends BalAnce Sheet- continued 31 December 2024 'rhese financial statements have been prepared in accordance with the provisions appli¢able to ¢haTiiable compallies $Libject to the small ¢ompanie8 regirne. The financial slatements were approved by the Board of Trustees and authorised for issue oll 12 June 2025 and were signed on its behalf by., S M Whitefoot- Trustee Tlie notes *()nn part of these finall¢ial slatemeThts Page 6
Tenbui'y Community Hospit41 lJ¢8giie of Friends 401¢$ to tbe Flnancial S'tatements for the Year Knded 31 December 2024 ACCOUNTINCJ POLICIES Basi$ of preparing the financial statemellts The f¢tal statements of the ¢liaril&ble company, which is a publi¢ benefit ¢L]tity Lmder FRS 102, have b¢¢n prepared in accordance with the Charities SORP (FRS 102} 'Accounting and Reporting by Char(ties: Statement of Recommended Practice applicable to charities preparing their accounts in accord8Ce with the Financial Reporting Standard applicable in the UK and Repiiblic of Ireland (FRS L02) (effective R January 2019),, Financial Reporting Standard 102 The FinanGial Reporting Standard applicable in the UK ld RUbliC of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historioal cost oonventioll, witli the exG¢Ption of it)v¢sthients which are inclLid¢d at marlc¢l value. Income All income is recognised in the Statement of Financial Activiti¢s on¢e the charity has entitlement to the lld8, it is probable tbat the incorne will be r¢¢eiv¢d attd Ih¢ &mount can b¢ neasured reliably. Income from trading &ctivitie8 IS stated after any discounts. Income is not subject to VAT or any other S¢S xes. Expendkture Liabilities are r¢¢ognised as expenditure soon there is a l¢gal or ¢on8tru¢tiv¢ obligalion con]mitting the oharity to that expenditure, it is probabl¢ that a transfer of eionofftic benefits will be required In settlement and the amount of the obligation can be rne&sured reliably. Expenditure is accounted for on an accruals l)asis and has been classified linder headings that aggregate All cost related Éo the category. Where costs cannot be directly attributed to particular headings they have been allocated to acl'ivities Oll a basis consistent witb tlie use of resources. Gr&Jts offered subjeth to ¢onditions whi¥h hav¢ not been m¢1 at tkn¢ year end date llre noted &s a commitm¢nt but not accrned as expenditure. Governance costs Governance costs cDmprise all costs involving the public acGountability of the charity and ils compliance with regLtlations and good prdctic¢. Tangible red assets Depreciation is provided at the following aThftual rites in order to write off each asset over its estimated useful life. Freehold property . 20/0 on cost Improveinenls to property - cost over Il years Plwjt and machinery - 25 /0 on c05t Taxation The cbarity is exempt from COTporatiOll tax on it8 charitable aclivitLes. riund accounting All thnds are unrestricted and can be lised in aGGordance with the charitable objeLtives at tbe discretioll of tbe ttee5. Fixed asset investmenL$ Investni¢nts ar¢ a fonn of basic tinancial instrument. Fixed ass& investments are initially recogriised at Iheir transaction valiie and are subsequently nieasured at their fair value (market value) as at the balance sheet date. The Statement of Financial Activities includes the net gains and losses arising 011 revaluation and disposals throlighout the year. Quoted stocks and shares are inoluded in the Balance Sheet at the lellt marke¢ value quoted by the investment al]YSt ex¢liiding dividend. The main form of fat[claI Tisk faced by the charity is that ot volatility m eqiiity markets and investment. n)arlc¢ts due to wider economic ec>nditions, the atl'itude of investor,8 to investment rigk, and ¢hang¢s ill sentiment conceriiing equi.ties and within particular sectors DY sub secl'ors. P&8e 7 continued...
J'enhury Community HospitAA L*#gue of Frlends Notes to the FlnAncial StAtements - continued for the Year Ended 31 December 2024 ACCOUtYrING POLIC'tES - continued rilxed 4$set investments Investments are mana£ed on a total return basis in liiie with the pow¢rs given under The Trusts (Capital and Income) Act 2013. Realised gains And losses All gains and losses are taken kn the Statemont of Finan¢ial Activities as tli¢y arise. Realised gallis and losses on investments are calculated as the difference betweell sales proceeds alld opening carryin¥ value {pitrchase date if later). Ullrealised gains and losses are calculated 93 the difference betsveen the tnarket va]ue at the year end and opening ¢arying value (or piirchase date if later). Debtors Debl'ors are amounts owed to the charity. Tkcy are measured on the basis of their recoverAble amount. CAsh at bank In hand Cash at bank and in hand is held to meet the day to day runntng costs of th¢ charity as they fall diie, Cash ecLuivalents ar¢ short tenn, higlily liqiiid investents, us[lY in instant access interest bearing savings accounts. Creditors Creditors are amol owed by the charity. They are measiwed at the amoullt that the charity expe¢ts lo have to pay to settle the debt. DONATIONS AND LEI GACIES 2024 2023 Donations Legacies Subscriptions 6,140 loo,000 4,688 699 106,774 5,387 INVESTMEP4T tNCOME 2024 2023 Investment income Deposit Count interest 19,923 10,199 20,804 6,610 30,122 27,414 P&ge 8 continued.,.
Tenbury cOniU1tY Hospitlll LeAgue ofFriends Notes to the Flnllncial Statements - Continued for the Year Ended 31 December 2024 RAISING FUNDS Investm¢nt nlanagemenl. costs 2024 2023 Invcstnient management cogts 4,711 4,388 GIL4NTS PAYABLE 2024 2023 Hospital funding 24,343 17,500 Grants made payable to institutions in 2024 tol&lled £24,343. {2023 £17,500). SUPPORT COSTS Governance Management Totals Hospital fijnding 5,308 2,961 8,269 Support cnsts. included in the above. are as follows.. M'anagernent 2024 Hospital fimding 2023 Total activities Insurance AGiountan¢y Website costs 4,408 600 30Q 3,544 600 300 5,308 Governance costs 2024 Hcyspital funding 2023 Totsl activities Postage and Btstionery Examination fee Legal fees 81 900 1,980 77 901 2,961 978 Page 9 continued...
Tenbury Community Flospitsl Leaguc of Friellds Notes to the Finxnclal Statements- continued for the Year Ei nded 31 December 2024 NET JNCOMEI{EXPENDITURE} Nct inwinel(exp¢i)ditiire) is stated after ¢hargili{creditIllg)., 2024 2023 Depreci&tion . owned asyets 16,318 33,479 TRUSTEES, REMUNERATION AND BENEFITS 'rhere were no trustees, remiTneratioll or other benefits for l&e year ended 31 December 2024 ttor for the year ended 31 December 2023. Trustees, expenses There were no trustees, expensos paid for the year end¢cl 31 Decemb¢r 2024 nor for the yeai ended 31 December 2023. COMPARATIVE,8 FOR THE sfATEMENT OF FINANCIAL AC,fiv14 S Unre,stricted fund Restricted fiilld Totsl funds INCOME AND F,NDOWMEwfs FROM Donations and legacies 5.387 5,387 Investment in¢ome Other income 27,414 16 27.414 16 Total 32,817 32,817 EXPENDfTURE ON Raising funds 4,388 4,388 Charitable Activities Hospital filliding 56,900 56,900 Total 61,288 61,288 gains on investments 3,000 3,000 NEI T INCOMEI(EXPENDITURE) (25,471) (25,471) RECONCILIATION OF Fuf4DS Total nds brought foJ¥ard 2,380,226 2,380,226 TOT AL FUNDS CARIUED FORWARD 2,354,755 2,354,755 Page 10 continutd...
Tenbury Lommunity Hospital Lellgiie of Friends Notes to the F'iuaThcial Statemeut$ - continued for the Year Ei nded 31 December 2024 io. TANGIBLE FIXED ASSETS Improvements to property Freehold property Plant and machinery Totals COST At I Sanuary 2024 DisposaIs 1,000,000 22,265 91,254 (91,254) 1,113,519 (91.254) At 31 December 2024 1,000,000 22,265 1,022,265 DEPRECtATIOIY At l January 2024 Charge for yedr Elirninated on dAsposal 214,751 16,000 20,992 318 66,664 302,407 16,318 (66,664) (66,664) At 31 December 2024 230,751 21,310 252,061 NET BOOKVALUE At 31 December 2024 769,249 955 770,204 At 31 Decetnber 2023 785,249 1,273 24.590 811,112 The freehold propety represents land and buildings. The total value was provided by an ind¢p¢ndellÉ valuation on 31 December 2010, being the date the previous unincorporated charity incorporated. Nr) ' revaliiation reserve is thtrefore shown. Th¢ trustees have ¢$tim&ted the land element, and depreciation is provided at 20/0 on cost on the buildings ¢l¢m¢nt. Equipment purchased prior to incorporation was not. depreciated,. all equipment. is now d¢preciated at 250/0 Oll cost. 11. FIXED ASSE'f vEsTmENTs Listed investments MARKE'f VALUE At l January 2024 Additions Disp05al,5 501.,766 74.242 (56,171) At 31 D¢i¢mber 2Q24 519,837 NET BOOIC VALUE At 31 December 2024 519,837 At 31 December 2023 501,766 There were no ittvestmenl assets OLitsid¢ the UK. Pagell continued..
Tenbiiry Community IIospitAI League of Friends Notes to the Financial StRtement$ - c.ontinued for the Year Ei nded 31 De¢ember 2024 ii, FIXED ASSET INVESTMENTS- conilnued Cost or ValltIon At 31 December 2024 is represented by: Listed invebtmellts Valuation in 2023 Valuation in 2024 501.766 18,071 519,837 12. DEBTORS 2024 2023 Amounts Ealling diie within one y¢ar', Trade debtors Loan to health aiithurity 1,248 12,500 12,500 12,500 13.148 Amounts fallllig due after more than one year. Loan to h¢allh authority 312,500 325,000 Aggregate aa]ounts 325,000 338,748 13. CASH AT IIANK 2024 Total ftmds 2023 Total full( TSB Curr¢nt A¢¢4)unt Virgin Money Deposit Account TSB Instant Access Acci)Illlt Harris Allday Cash Account 97,627 40,171 653,317 11,016 40,000 643,660 8,006 Total 80I,148 702.682 Page 12 contL11U¢d...
Tenbury Couimunity Hospital League of Friend5 Notes to the Finaneial Statements - continued foy the Year Ended 31 Deeember 2024 14. C4 DITORS: AMOUNTS FALLING DUI WJTHIN ONE YEAR 2024 2023 A¢crued expenses 1,499 1,499 15. MOVEMENT IN FUNDS Net movement in &wids At 31,12.24 At 1.1.24 UnresLrlf.ted funds General fvnd 2,354,7S5 62,014 2,416,769 TOTAL FUNDS 2,354,755 62,014 2,416,769 Net rnuvement in fvnd8, incliided in the above are as follow8: Incotning resource5 Resources expend¢d Gains and 105ses Movement in funds Unrestricted funds General fund 136,907 (79,779) 4,886 62,014 TOTAL FUNDS 136,907 (79,779) 4,886 62,014 Comparat,ive5 for movement in funds Net ovement in funds At .11.12.23 At 1.1.23 Unrestricted funds General fid 2,380,226 (25,471) 2,354,755 TOTAL FUNDS 2,380.226 (25,471) 2,354.755 Compurattve net movemenL in thnds. iThcliided in the above are as folloiv8'. Incoming resources Resources expended Gains and losses Movement in funds Unrestricted funds General nd 32,817 (61,288) 3,000 {25,471) TOTAI. FUIYDS 32,817 (6l,288) 3,000 (25,471) Page 13 conliiiued...
Tenbury Comwiinity HospitAI L¢Ague of Friends Not&8 to the Financial Stxtements - eontinued for the Year Ended 31 December 2024 15. MOVEMEN'T IN FUNDS - continued A current year 12 months and prior year 12 months combined position is as follows.. Net movernent in funds At 31.12.24 Al 1.1.23 Unyestrieted funds General fund 2,380,226 36,543 2,416,769 TOTAL FUNDS 2,380,226 36,543 2,416,769 A current year 12 months and prior year 12 months combined net movement in funds, included in the llbove are as follows.. Incomirig resources R¢sourc¢8 expended Gains and 105ses Movement in filnds Unrestrleted funds General hnd 169,724 (141,067) 7,886 36,543 TOT AL FUNDS 169,724 {141,067) 7,886 36,543 16. RELiTED PARTY DISCLOSURES There wett no related party transactions for the year ¢nded 31 D¢ceinber 2024. 17. ULTIMATE CON'fROtLING PARI'Y T.he trust¢es consider tFLe board of directors to be the ultimate controlling party. 18. COMPANY LIMITED BY GUARANTKE The Charity is a Goinpany limited by guarantee and b&$ no share capital. The liability of each member in the event of windlng up is limited to £10. 19. COING COLYCLRN The trustees believe Ihat the charity faces no rnatcrial ut]¢eitainties and will be able to nIntain positive cash flL)ws for the foreseeable future and, as a result, the goiiig concern basis of accounting ha5 been adopted. Page 14 continiied...
Tenbiiry Coillmunity HospAtal Lellgue of Friends Notes to the Flnaneial Stattsments - Continued lor the Year Ended 31 Deee.mber 2024 20. LEASE OF FREEHOLD PROPERTY 'rbe freehold propety is the subje¢t of 99 year leas¢s dated 10 November 2000, 10 February 2012 and 5 S¢ptemb¢r 2003 in favour of the Worcestershire Primary Care Trust. The leases are at a peppercorn rent, and are subjeet to a break clause iii the event that the tenant no long¢r Gontiniies to provide h05PLtal 8ervic¢s on the site. 21. LOAN ASSET Qn 30 November 2010 a loan of £500,000 was provided to the Worcestershii'e Pi'iinary Car¢ Trust to fund the building of additional hospital facilities. Thib loan is being MTitten off over a tem of 40 years, with the balan¢¢ Dutstdnding at any point being repayable th¢ event that. the Pritnary Care Triist were to discontiniie providing hospital services on the site owned by tbe FrIendadJacent to the land owned by th¢ Friends. 22. EXCEPTIONAL rrEM Durillg the accountiThg period it was agre¢d tILai due to a C1]ge in poli¢y* plant and machincry would be wiitt¢n off llY as presefttsd by the exceptional item of £24591 P4g¢ l5
Tenbury Community Hospital League of Friends Detailed Statemeiit of Financial Activities for the Year Elided 31 Deeember 2024 2024 2023 INCOME AIYD ENDOWMENrs Donlltions and legftcies Donations L¢gaGi¢s Subscriptiotts 6,140 ioo,ooa 634 4,688 699 106,774 5,387 Investment income Investm¢iit income Deposit account interesl. 19,923 10,199 20,804 6,610 30,122 27,414 Other illcome Rents received li 16 Total Incoming resourees 136,907 32,817 EXPENDIVURE Investment m4n4gement costs Inv¢strnent management costg 4,711 4,388 Charitsble AcÉlvltles Sundries Freehold ppertY Improvemellts to property Plant and macbinery Grants to institiitions 1,547 16,000 318 500 16,000 318 17,160 17,500 24,343 42,208 51,478 Other ExG¢pt.ional items 24,591 Support ¢osts Management Insurance Accoiinlancy Website rnsts 4,408 600 300 3,544 600 300 5,308 4.444 Governance cost Postage and statiorLery Examination fee Cai¢d forward 81 900 981 77 901 978 'rhis page does not fonn part of the statutory fitwicial statements Page 16
Tenbui'y C'ommunity Hojpital League of Friends Detlliled Statemeiit of Financial Aetivlties for the Yegr fi nded 31 December 2024 2024 2023 Governance custs Brought forward Leg fe¢5 981 1,980 978 2,961 978 Total resour¢es expended 79.779 61,288 Net incomel(expenditure) befor¢ gains and losses 57,128 (28,471) Realised reeognised gains and losses Realised gainsl{losf es) on fixed asset iThvestm¢llt$ (6,040) (2.802) Net in¢omel(expenditure) 51,088 (31,273) This puge does not fi)rm part of the statutory tinancial statements Page 17