Company reglstratlon number.. 02557203 Chaflty reglstratfjon number. 1146357 Seaton and District Hospital League of Friends (A company limlted by guarantee) Annual Report and Finanaal Ststements for the Year Ended 30 Sept6mber 2024 WESTCOTTS CHAIITEfttD ACCOUt4T414TS 8 BUSINfSS ADVI$SItS
Seaton and Distrlct Hospital League of Friends Contents Reference and Administratlve Deta118 Trustees, Report 2to8 Independent Auditors, Report 91012 Statement of Flnanclal Actlvities 13 Balance Sheet 14 Notes to the Financlal Statements 15to27
Seaton and Dlstrlct Hospital League of Friends Reference and Adminlstrative Details Trustees Dr Mark Julian Welland, Chair until 18 April 2024 Shirley Robinson, Treasurer Dr John Ccop. Vice chair Mark Edward Ollier (resigned 18 April 2024) Carol Rowe, Secretary Sheila Heys Julia Hitchcock Julie Gosling (resigned 13 November 2023) Sheila Turner (resigned 2 January 2024) Lesley Jane SpenGer, Chair Janette Hamnett (appointed 29 May 2024) Kirstine House, CEO Senlor Management I Lead•rship T•am Charlty Reglstratlon Number 1146357 Company Reglstration Number 02557203 Registered Office Seaton Community H05Pltal Valley View Seaton Devon EX12 2UU Westcotts (SW) LLP Timberly South Street Axminsler D8von EX13 SAD WBW Solicitors and Chartered Financial Planners Law Chambers 1 Major Terrace Seaton EX12 2RF Auditor Sollcitors." Page 1
Seaton and District Hospital League of Friends Trustees. Report The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements and audTtors' report of the charitable company for the year ended 30 September 2024. Objectlves and actlvities Objects and alms The main obltive of the charity is to relieve patients and fomier patients of the hospital and other invalids in the community who are sick, convalescent, disabled. handicapped, infirrn or in need of financial 8sslstance and generally to support the charitsble work of the hospital. Public benefit The trustees confirm that th8y have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the publio benefft guidance published by the Charity Commission for England and W81es. strudure, governance and managemont Seaton & Distrlct Hospltal League of Friends Is a company Ilmited by guarantee and It Is gov8med by its Memorandum and Articles of Association dated 12th November 1990. New trustees may be appointed by the members by ordinary resolution. They may also be appointed by the board of trustees, but if so the new trustees must retire at the next Annual General Meeting (AGM), although they will be eligible for re-appointment by the members at the AGM. At each AGM one third of the trustees other than those new trustees must retire (those who have been longest in office) and are subject to retirement by rotation, but are eligible for re-appointment by the mernbers. Each new Trustee receives the Charity Commission publication 'Thg Essential Trustee: What you need to know, as well as the most recent publi8h8d annual report and a copy of the Memorandutn and Artlcles of Associatlon. Trustees also attend an Induction day. An Internal conflict of interest register is In place which is based on submissions of declaration of interests completed by all Trustees. Trustee meeting poliGy is that. where Trustees have an interest in the matter under discussion, they will absent themselve5 from these d15cussions and decisions. The Charity is govemed by a board of trustees who meet to detemiine the strateglc direction of the charity and a manager is employed tt) deal with the day to day runnin9 of the organisation. The board has met four times during the year (including at least one officer). The quorum for meetlngs of trustees is five trustees (at least 1 officer). Decisions are made by majority vote and In the event of a tied vote the Chair of the meeting has a second and deciding vote. Page 2
Seaton and District H05pltal League of Friends Trustees. Report Achievements and performance Our activitles and achlevements in 202312024 The league derives its income from five princlpal sources: Our charity shops Sn Fore Street, Seaton are managed by two part-tlme managers and an assistant manager. One of the managers left In July and a new manager was appointed lemporarily. We are hoplng to appoint a permanent retail manager In 2025. The shops generated gross sales of £148,947, an increase of £12,007 on the previous year. The expenses of maintaining the shops amounted to £87.865. a reduction of £5,545 on the previous year. Further expense was Incurred when we acquired the shop opposite No.1 (No. 2), which needed a number of improvements. The v2St majority of the labour continues lo be provided on a voluntary ba&s. Fundraising activities includ8.' . The League held a variety of fundraising events, including Quiz Nights, Craft Fairs, a Christmas Fair and a Murder Mystery event We had a stall to raise awareness of the League at an event In the Park and have also been supported by the Chantry Buoys and the Three Counties Band. Another supporter raises money for the Sealon Hospice at Home Servlce by holding Bingo evenlngs. . The League has operated a 100 Club for many years. Another source of income is the Haven bungalow which was bequeathed to the League by Miss Doris South. The bungalow has been let out for holidays. with a reduced rate for carers and friendslfamilies of local people. The letting income relating to the property in the year was £18,196 (2023.. £11.223) with attributable expenses of £10,319 (2023.. £6,361). Former patients arKI the local community have generously remembered the League in their wills for which we are extremely grateful. This financlal year saw income from this source at £19,836 (2023.. £4,458). To this must be added £12.100 specifically for the Seaton Hospice at Home servi. Thls year we have received £106.906 (2023: £68.538) from varlous Individuals, communty and corporate donations that are specifically for the Seaton Hospice at Home Service, which reflect th8 wide support that the League receives. At the end of the year the Le8gue had commitments as set oul in the res8rves policy. How the League works The L8agu8 employs a part time manager who has an office in the hospital. She deals with all the admlnistration Involved in running the League. The League started renting the Counting House in Sealon in April 2024. The aim is to run it a5 a Hub to provide informatlon about the League and to provide a space for meeting5 and gatherings generally. Age UK will also run IT support from there. A new administrator, to be based in the Hub. will be appointed in October 2024. Page 3
Seaton and District Hospital League of Friends Trustees, Report How the League supports the community The Friends in the Community group, run by the Leagu8. holds monthly meetlngs e.hallenglng loneliness by providing companionship. social and leisLtre activities in a relaxed atmosphere in St Gregorvs Church Centre. This cost of this was £1.079 (2023.. £2.682). The League funded Christmas Hampers for patients in the communily at a cost of £95 (2023: £341). Refshrnents continued to be supplied to the hospital staff at a cost of £138 (2023: £566) for the Achievements The League has been collaborating with Royal Devon Universty Healthcare NHS Foundation Trust to run the Seaton Hospice at Home nursing service which started in April 2023. The end of life palliative nursing service is for patients who are registered with a Beer. Colyton or Sealon GP. The service delivers expert care and support to patients approaching the end of their lives, allowing them to remaln in their own homes. if that Is their wish. Already the servlce has helped many people to end their lives at home with friends and family. The nurses have been truly wonderful and are much appreciated. The service is completely funded by the League and many grateful local people have contributed to the League to allow us to contlnue to support IL The League has been collaboratlng with the Memory Café and is now running a session each month. The League has set up a Bereavement Servlce which provides walks and tea and a chat to thse who have been recently bereaved. This seNice is really appreciated by those attending. A Befriending Servlce will also be linked with the other services to provide as much help as possible lo those in need. An¢)ther member of staff has been employed as a Community Volunteer and Support Services COrdInatOr since January 2024. She has been instrumental in setting up thase seNIs. To raise the public's aWanesS of the League. a new logo and an updated website have been aied. Looking to the future. the League ha5 been working with interested parties to submit plans for use of the void space in the hospital to provide a Heallh and Wellbeing Hub. The League has been liaising with the Irrtegrated Care Board and NHS Property Services. Thank you We wcAJld like to thank everyone for Iheir support and donations during the year 202312024. First and foremost. we remember Ihe people whose18gacy gifts will enable us to fund future projects. To them and their families we extend our very special thanks. We should also like to thank the farnilies and friends of those who have sadly passed away this year for their klnd donations received in memory of their loved ones. Page 4
Seaton and Dlstrict Hospitsl League of Friends Trustees, Report We would particularly like to thank the following for raising money for the League this year. Aimee Robb - Sponsored 50k Run Archie Clode - London marathon and ColWon Football Toumament lixe Valley Runners Ben House - London Marathon Chloe Burridge - Sponsored Run Dr. Mark Welland - Grizzly Elaine Simmons- Sponsored Walk Kingham Family Trek Martyn and Marina Lewis - Walking The Pacific Crest Trail Widgef Family Walk Barbara Cotton, Beer Beer Action Group Beer Village Store Beer Wl Busy Bees. Beer Ladi & Melissa, Beer Pharmacy Pecorama Sonia & Veronica, Birthday Fundraiser Sue Pitt - Branscombe Summer Fayre Southleigh Village Gardens Betty Hc4brook - Colyford Indoor Boot Sales Colyford Post Office Mary Bowles - Colyford Blngo Anna Day-Lewis, Colyton Coffee Moming Colyton Memorial Social Club Mary Blocksidge, Colyton - Birthday Fundralser Crossroads Church Drum 4 Fun Freedom Cafe Haven Court Jan Strapp- Music81 Evening Jane's Kiosk Janet & John Lang - 2024 League Calendars Jubilee Lodge Maggie Gordon - Tea Party & Workshops Mr. & Mrs. Dumbl8- Open Garden Mrs. V. Graham - Birthday Fundraiser Organise Your Demise Seaton Acapella Seaton Camival Seaton Gateway Seaton Lions Seaton Wl Singing For Fun Taste of Devon Butchers Tea and Chat Townsend House Medical Centre - From the sal8 of books at surgery Val & Phil Christmas and Linda- Wekulele- Playing locally Page 5
Seaton and District Hospital League of Friends Trustees, Report We are also grateful for the generosity of the local community who have kindly donated money and goods to support our work throughout the year. And finally. we Wuld like to thank all of our volunteers without vthom none of this would have been possible. Our League volunteers continue to help us with our charitable activitie5 and are a great asset. We value all of our volunteer5 and support them in the various roles they perfomi in helping our charity to make a positive differenGe in our community. The gardens at Seaton Hospital were beautrfully maintained by 3 League volunteers who worked for over 300 hours. League volunteers have kindly given over 7,000 hours during the financial year. An appreciation event was organised for the volunteers including a tram ride donated by Seaton Tramway and a ueam toa provided by Westcotts. Plans for futuro poriods Our plans for 2024125 In the year ahead the work supporting the hospital will Continue with reg8rd to the outpatient departments and communty teams. The League will also be looking to support the community in developing plans to make use of the facilities currently not b8ing utilised. Such plans, rf successful. will almost certainly uIre fundlng. As we move into 2025. the League is planning a period of growth and transformation. We are looking to ralse our profile within the area. wilh a new logo and website and increasing our presence on social media. Our Communty Volunteer and Support Services Cowordinator will develop new services such as bGreavement support, befriendlng and transport. Seaton Memory Café will develop Ilnks with Friends in the Community. Also we are looking to build a strong relationship with Re.'store. another local organisation based in the hospital, and work together to help reduce isolation. loneliness and ill health within our community. Financial review The League's total unreslricted income for the year was £263.406 {2023: £214.827). A further £111.527 (2023: £80,938) was received in respect of restricted funds bringing the total income to the League for the year to £374.933 (2023". £295.765). Over the year the League made a surplus of £63.841 (2023: deficit £13.263). Total expenditure for the year was £577,957 (2023: £336.946). Investrnents have brought in more this year inevitably stsnding at £2.789.056 (2023: £2.261,629) at the end of the year. Page 6
Seaton and Distrlct Hospital League of Friends Trustees. Report Investment policy and objectives Where funds are believed to be surplus to immediate requirements they are placed on term deposit wtth clearing banks in order to maximise the interest received. The Trustees are conscious that all fLtnds under their control have been donated and entrusted to them by members of the publlc and that Ihey have a duty to safeguard these funds. The risk of loss is thoughl to be moderate. The League may however be exposed to some investment risks. Policy on reserves When considerlng a reserves policy the Trustees make a realislic assessment of the present and future liabillties of the League, with an assessment of the likely level of Income to be recelved over future years. As the vast majority of the League'5 income is derived from donations made in wills. an accurate prediction can only be gained by looking at the level of income from shop trading and fundraising activities. Resorves at 30 September 2024 l. The League has substantial commitments in relation to the Seaton Hospice at Home servlce. An amoLtnt of £312,422 is requlred annually for the purpose. Reserves will need to be used to fund thls for the next few years and reserves of £600,000 are felt to be appropriate for this purpose. 2. In view of the Irgurar nature of income received. the Twstees consider that the sum of £325,000 should be retained as free reserves to enable them to meet any future urgent requests rapidly. 3. Reserves include £264.618 of fixed assets held to further the objects of the charily. 4. Therefore at 30 September 2024 th8 total reserves of £4,897,917 is consldered prudent for the year to 30 September 2025. 5. Thls pollcy is reviewed annually and reported to members at each AGM. Statoment of trust•o8' responsibilltlos The trustees (who are also the directors of Seaton and District Hospital League of Friends for the purpose5 of company law} are responsible for prepar(ng the trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 'The Fin8ncial Reporting Standard applicable in the UK and Republic of Ireland.. Company law requSres tho trustees to prepare financlal statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the slate of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that pertod. In preparing these financial statements, the trustees are required to.. select suitable accounting policles and apply them consistently. observe the methc*Js and principles in the Charities SORP; make judgements and estimates that are reasonable and prudent; state whether applicable accounting standards. comprising FRS 102 have been followed, subject to any material departures disclosed and explained In the finandal statements; and prepare the financial ststements on the going GOnM basis unless It is inappropriate to presume that the charitable company will continue in busines8. Page 7
Seaton and District Hospital League of Friends Trustees, Report The trustees are responsible for keeplng proper accounting records that can disdose 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 Acl 2006, They are also responsible for safeguarding the assets of the charitable company and hence for taklng reasonable stèps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial infomation included on the charitable companvs website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Disclosure of inforniation to auditor Each trustee has taken steps that they ought to have taken as a trustee in order to make themselves aware of any relevant audit information and to establish that the charty's auditor is aware of that information. The trustees confimi that there is no relevant information that they know of and of which they know the auditor is unaware. The annual report was approved by the trustees of the charity on .>.: 3, 707J3nd signed on its behalf by: Shirley Ro Trustee son Carol R Trustee we Lesley Ja Trustee e Sp8ncer Page 8
Seaton and District Hospital League of Friends Independent Auditor's Report to the Members of Seaton and Dlstrict Hospital League of Friends Opinlon We have audited the financial 8tatements of Seaton and District Hospital League of Friends (the '¢harity') for the year ended 30 September 2024. which comprise the Statement of Financial Activities, Balance Sheet, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is United Kingdom Accounting Standards, comprising Charities SORP - FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and applicable law (United Kingdom Generally ACpted Accounting Practice). In our opinion the financial statements: give a true and fair view of the state of the charity's affairs as at 30 September 2024 and of its Incoming resources and application of resources, including its income and expenditure, for the year then ended; have been properly prepared in accordan with United Kingdom Generally ACpted Accounting Practice," and have been prepared in accordan with the requirements of the Companies Act 2006. Basls for oplnion We conducted our audit in accordan with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Qur responsibilities under those standards are further described in the auditor responsibilitiBS for the audit of the financial statements section of our report. We are independent of the charity in acGordance with the ethical requirements that are relevant to our audit of the financial Statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtalned is sufficient and appropriate to provide a basis for our opinion. Conclusions relatlng to going concern In auditing the financial ststements, we have concluded that the trustees use of the going concem basis of accounting in the preparation of the financial statements is appropriat8. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that. Individually or collectively, may cast significant doubt on the charity's ability to continue as a going concem for a period of at least twelve months from when the original fr'nancial statements were authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern ar8 descrlbed In the relevant sections of this report. Other Information The trustees are responsible for Ihe other information. The other infomiation comprises tho information included in the annual report, other than the financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover the other information and. except to the extent otherwise expliGltly stated in our report. we do not express any form of assurance conclusion thereon. Pag8 9
Seaton and District Hospital League of Friends Independent Auditor's Report to the Members of Seaton and Distrlct Hospltsl League of Friends In connectlon wlth our audlt of the flnanci81 statements, our responsibility is tn read the other inforynatlon and, In dolng so, consider whether the other information is materially inconsistent wRh the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsislenGies or apparent material misstatements, we are quired to determine whether there is a material misstatement in the financial statements or a material misslatement of the other information. If, based on Ihe work we have performed, we conclude that there 15 a material misstatement of this olher information, we are required to report that fact. We have nothing to report in this regard. Opinion on other matter prescribed by the Companies Act 2006 In our opinion. based on the work undertaken in the course of the audit: the infrnatIOn given in the Strategic Report and Trustees, Report for the financial year for which the financial statements are prepared is consiste,.nt with the financial statements; and the Strategic Report and Trustees. Report have been prepared In accordance with applicable legal requirements. Matters on whlch we are required to report by exception In the light of our knowledge and understanding of the charity and its environment obtained In th8 course of the audit, we have not identified material rnisstatements in the Strategic Report and the Trustees, Report. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you If, in our opinion: adequate accounting records have not been kept. or retums adequate for our audit have not been r8ceived from branches not visSted by us; or the flnanclal statements are not in agreement with the a¢¢ountlng records and returns; or rtaln disclosures of trustees remuneration specified by law are not made: or we have not received all the information and explanations we require for our audit. Responsibillties of trustee5 As explained more fully in the Statement of trustees, responsibilities (set out on page 7 and 8), the trustee5 are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and far such intefflal control as the trustees determine is necessary to enaLle the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the finanaal statements. the trustees are responslble for assessing the charity's abillty to continue as a going concern, disclosing, a5 applicable. matters relaied to going concern and using th8 going concem basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so. Page 10
Seaton and District Hospital League of Frlends Independent Auditorfs Report to the Members of Seaton and Distrlct Hospltal League of Friends Audltor responslblllties for the audlt of the financial statements Our objectives are to obtain reasonable a55urance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditoffs report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS {UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or emr and are considered material if, individually or in the aggregate. they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial ststements. The extent to which our procedures are capable of detecting irregularities, induding fraud is detailed below". As part of an audit in accordance with ISAS {UK). we exercise professional judgement and maintain professional scepticism throughout the audit. We also: Identify and assess the rtsks of material misstatement of the financial statements, whether due to fraud or error, design and perfomi audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of Intemal control. Obtain an understanding of intemal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the charity's Internal control. Evaluate Ihe appropriateness of accounting policies used and the reasonableness of accounting e5tlmates and related disclosures made by the trustees. Conclude on the approprlaleness of the trustees use of the golng concern basis of accounting and, based on the audit evidence obtained, whether a material UnrtaIntY exists related to events or condltions that may cast significant doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statèments or, if such disclosures ar8 inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However. future events or conditions may cause the charity to cease to continue as a going concern. Evaluate the Ove11 presentation, structure and contont of the financial statements. including the disclosures, and whether the financial statements represent the underlying transactions and events in a mannèr that achieves fair presontation. Obtain sufficI8nt appropriate audlt evidence regarding the flnanclal information of the entities or business activities within the charity to express an opinion on the financial statements. We are responsible for the dlrectlon. supervision and performance of the charity audit. We remaln solely responsible for our auclit opinion. We communicate with those charged with govemance regarding, among other matters, the planned scope and limlng of the audit and signiflcant audtt findings, includlng any significant deficiencles in internal control thet we identify during our audiL Page11
Seaton and District Hospital League of Friends Independent Auditor's Report to the Members of Seaton and Distrlct Hospltal League of Frlends Use of our report This report is made solely to the charitable companvs truste8s, as a body, in accordance wilh Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditorfs report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility to anyone other than the charitable company and its trustees as a body. for our audit work, for this report, or for the opinions we have formed. tuart Carrington FCA (Senior Ststutory Auditor) For and on behalf of Westcotts (SW) LLP Timberly South Street Axminster Devon EX13 SAD Page 12
Seaton and District Hospltal League of Friends Statement of Financial Activlties for the Year Ended 30 September 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Restricted funds Total 2024 Total 2023 Note Income and Endowments from: Donations and legacies Charitable activities Olher trading actlvitie8 Investment income 44,817 2,305 154,034 62.250 107,617 152,434 2,305 157.944 62,250 84.950 4.733 148,914 57.168 3,910 Total income Expendlture on: Raising funds Charitable activitles Total expenditure Gainsl(losses) on invesiment assets 263,406 111,527 374,933 295.765 (111.903) (154,679) (266.582) (1,051) (310,324) (311.375) {112,954) 465,003 (95.843) 241,103) (336.946) (577,957) 266,865 266,865 Net incomel(expenditure) Transfers belween funds Nel movement in funds Reconclliation of funds Total funds brought forward Total funds carried forward 22 27.918 263,689 199.848 (199.848) 199.848 63.841 {13.263) 63.841 63,841 (13,263) 4,834,076 4.897,917 4,834,076 4,897,917 4,847.339 4,834,076 All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2023 is shown in note 22. The notes on pages 15 to 27 form an Integral part of thes8 financial statements. Page 13
Seaton and District Hospital League of Friends (Registration number= 02557203) Balance Sheet as at 30 September 2024 2024 2023 Note Fixed assets Tangible assets Investments 15 16 264.618 2,789,056 3,053,674 190,491 2,261,629 2,452,120 Current assets Debtors Cash at bank and in hand 17 18 20.116 1.918.891 1,939,007 94,764 8.824 2.464,868 2,473,692 91,736) Credltors: Amounts falllng du8 wlthln one year Net Current assets 19 1,844,243 2,381,956 Net assets 4.897,917 4.834.076 Funds of the charlty: Unrestricted Income funds Unrestricted funds 4,897.917 4.897,917 4,834,076 Total fvnds 22 4,834,076 The financial statemenls on pages 13 to 27 wer8 approved by the trustees, and authorised for Issu8 on ..or D_l.a. and signed on their behalf by: Shirley Trustee inson Carol owe Trustee Lesley J Trustee e SPenr The notes on pages 15 lo 27 form an integral part of these financial statem8nts. Page 14
Seaton and District Hospltal League of Friends Notes to the Financlal Statements for the Year Ended 30 September 2024 1 Charity statu5 The charity is limited by guarantee, incorporated in England & Wales, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of Ilquldatlon. The address of its regislered office is: Seaton Community Hospital Valley View Seaton Devon EX12 2UU 2 Accounting pollcies Statement of compliance The financial statements have been prepared In accordance with Accountlng and Reportlng by Charllies: Statement of Recommended Praclice (appllc2ble to charlties preparing their accounts In accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland (FRS 102)) (issued in October 2019) - (Charities SORP IFRS 102)), the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Basls of preparatlon Seaton and Districl Hospital League of Friends mee15 the definition of a public benefit entity under FRS 102. Assets and liabilitles are inrtially re¢ognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. Golng concem The trustees consider that there are no material unrtaint18S about the tharftvs ability to continue as a going concem nor any signfficant areas of uncertainty that affect the carrwng value of assets held by the charity. Exemption from preparing a cash flow statement The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not induded a cash flow statoment in these financial statements. Page 15
Seaton and District Hospital League of Friends Notes to the Financial Statements for the Year Ended 30 September 2024 Judg•mènts & key sourcos of estlmation uncertalnty The preparation of the financial statements requires management to make judgements, estlmates and assumptions that affect the amounts reported. These estimates and Judgements are continually reviewed and are based on experience and other factors. includlng expectations of future events that are b&li8V8d to be reasonable under the circumstances. Accounting estimates and assumptions are made conceming the future and, by their nature, will rarely equal the related actual outcome. Income and endowments All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably. Donations and legacles Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event Ihat a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds. the income is deferred and not regnised until either those conditions are llY met. or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fuffilled in the reporting period. Legacy gifts are recognised on a case by case basis following the grant of probate when the administratorlex8CUtor for the estate has communicated in writing both the amount and settlement date. In the event that the gift is In the form of an asset other than cash or a financial asset traded on a recognised stock exchange, recognttlon is subject to the value of the gift being reliably measurabl8 with a degree of reasonable accuracy and the title to the asset having been transferred to the charity. Investment income Dlvldends are r8cognlsed once the dividend has been d8clared and notificatlon has been recelved of the dividend due. Expendlture All expendlture is recognised once there is a legal or constructive obligation to that expenditure. it is probable settlement is required and the amount can be measured reliably. All cosls are allocated to the applicable expendlture heading Ihat aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the US8 of resources, with c8ntral staff costs allocated on the basls of time spent, and depreciation charges allocated on the portion of the asset's US8. Other support costs are allocated based on the spread of staff costs. Raising funds These are costs incurred in attracting voluntary income. the management of investrnents and those incurred in trading activitl8s that raise funds. Charltable activities Charitsble expenditure comprises those costs incurred by the charity in the delivery of its activities and servi$ for its bèneficiaries. It includes both costs that can b8 allocated dlrecuy to such activities and those costs of an indirect nature necessary io support them. Page 16
Seaton and Dlstrlct Hospital League of Frlends Notes to the Flnancial Statements for the Year Ended 30 September 2024 Grant pmvisions ProvisDns for grants are made when the intention to make a grant has been communicated to the recipient but there is UnrtainlY about either the timing of the grant or the amount of grant payable. Support costs Support costs include central functions and have been allocated to activity C05t categories on a basls consistent wilh the use of resources, for example, allocating property costs by floor areas. or per capita, staff Costs by the time spent and other costs by their usage. Governance costs These include the costs attributable to the charity's compliance with constitutional and statutory requIrnents. including audil. strategic managanent and trustees meetings and reimbursed expenses. Tangible fixed assets Individual fixed assets costlng £100.00 or more are initially recorded at cost. Depreciation and amortisation DeprecAation is provided on tangible fixed assets so as to Write off the cost or valuation, less any estimated residual value. over their expected useful economic Ilfe as follows: Awt class Motor vehicles Furniture and equipment Leasehold improvements Depr•ciation method and rats 25Yo Stralght Ilne Straight lin& over 3 year8 straight line over 5 years There Is no charge of depreciation in respect of Freehold property, as the resldual value is expected to be at least equal to the cosL Flxed asset investments Fixed asset Snvestments, other than programme related investments, are included at market value at the balance sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the Statement of Financial Activities in the period of disposal. Unrealised gains and losses represent the movement in market values during the year and are credffted or charged to the Statement of Financial Activities based on the market value at the year end. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposlts, and other short-lemi highly liquid investments that are readily convertible to a known amounl of cash and a subject to an insignificant risk of change in value. Page 17
Seaton and District Hospitsl League of Friends Notes to the Financlal Statements for the Year Ended 30 September 2024 Fund structure Unrestricted income funds are general funds that are 8vallable for use at Ihe trustees discretion in furtherance of the objectives of the charity. Restricted income funds are those donated for use in a particular area or for spedfic purposes, the use of which is restricted to that area or purpose. Pensions and other post retirement obligations The charity operates a defined conlribution pension scheme which is a pension plan under which fixed ctjntribulions are paid into a pension fund and the charity has no legal or constructive obligation to pay further conthbutions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the ujrrent and prior periods. Contributions to defined contributs'on plans are recognised in the Slatement of Financial Activities when they are due. If contribution payments exc88d the contribution due for servlce. the excess is recognised as a prepaent. 3 Income from donatlons and legacies Unrestricted funds General Restricted funds Total 2024 Donakn'ons and legacies: Friends in the community Churston Ris8 Gift ald reclalmed Hospice @ Home Donations and bequests 711 711 18,196 6.785 106.906 19,836 18.196 6,785 106.906 19.836 44.817 107.617 152.434 Unrestricted funds General Réstricted funds Total 2023 Donations and legacies" Friends in the community Churston Rise Gift aid reclaimed Hospice @ Home Donations and bequests 731 731 11.223 11,223 68.538 68.538 4.458 4,458 15,681 69.269 84,950 Page 18
Seaton and District Hospltal League of Frfends Notes to the Financial Statements for the Year Ended 30 September 2024 4 Income from charitable activlties Unrestricted funds Genéral Total 2024 Total 2023 Feed in Tarrff Insurance refund 2.305 2.305 3,458 1.275 2.305 2,305 4.733 5 Income from other trading activlties Unrestrlcted funds General Restricted funds Total 2024 Trading income: Seaton Memory Cafe Shop income Fundraising for Hospice @ Home Subscriptlons 4,609 148.947 4,609 148.947 3.910 478 3,910 478 154,034 3,910 157.944 Unrestrlcted funds General Restricted funds Total 2023 Trading income; Seaton Memory Cafe Shop income Fundraising for Hospice @ Home Subscriptions 136.940 136.940 11,669 305 11,669 305 137,245 11,669 148.914 6 Investm•nt Income Unrestrfcted funds General Total 2024 Total 2023 Bank interest receivable Income from listed investments 37,138 25,112 37,138 25.112 34,645 22,523 62,250 62,250 57,168 Page 19
Seaton and District Hospital League of Friends Notes to the Financlal Statements for the Year Ended 30 September 2024 7 Costs of raising fund8 a) Costs of tradin9 actlvltles Unrestrlcted funds General Restricted funds Total 2024 Fundraising events Shop costs 643 87,865 88.508 1,051 1.694 87,865 89.559 1,051 Unrestrlcted funds General Restrictsd funds Totsl 2023 Fundraising events Shop costs 375 93,406 2.062 2.437 93.406 93,781 2,062 95,843 b) Investment management costs Unrestrlcted funds General Total funds Finance charges: other finance charges 23.395 23,395 23,395 23,395 Unrestrlcted funds General Total 2023 Finan charges; Olher finance charges Page 20
Seaton and District Hospltal League of Frlends Notes to the Financial Statements for the Year Ended 30 September 2024 8 Expenditure on charltable activltles Unrestricted funds General Restricted funds Total 2024 Relieving patients and former pati&nts of Seaton Hospital Grant funding of activitles Befriending service The Counting House Seaton Memory Cafe costs Support costs 17,860 5.000 7.578 6,446 575 117,220 309,447 327,307 5.000 7.578 6.446 575 118.097 465.003 877 154,679 Unrestrlcted funds General 310,324 Restricted funds Totsl 2023 Relieving patlents ancl form8r patients of Seaton Hospltal Grant funding of activities Befriending servlc8 The Counting Hous8 Seaton Memory Cafe costs Support costs 8,830 10.000 161,290 170,120 10.000 60.678 305 60,983 79,508 161,595 241.103 9 Analysis of governance and support Costs Total 2024 Total 2023 Staff costs 79.190 Govemance costs Legal 8nd other professional f8es Communications and IT Depreciation General office Sundry 32,221 7,123 4,091 1,054 19,170 5.511 1,958 118,097 8.421 14.287 536 246 3.182 2.090 60,983 Page 21
Seaton and Dlstrict Hospitsl League of Friends Notes to the Flnanclal Statements for the Year Ended 30 September 2024 10 Net gains l (losses) on investments Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Gainsl(losses) on listed investments 266.865 266.865 27,918 27,918 11 Net incomingloutgoing resources Net outgoing resources for the year include: 2024 2023 Audit fees Other non-audit seNices Depreciation of fixed assets Finance charges payable 6,513 2,670 19,170 23.395 6.059 2.484 246 12 Trustees remuneratlon and expenses No trustees. nor any per60ns conn8Cted wlth th8m. have received any remuneration from the charlty during the year. No trustees have recelved any reimbursed expenses or any other benefits from the Charity during the year. 13 Staff costs The aggregate payroll costs were as follows: 2024 2023 Staff costs during the year were: Wages and salaries Social security costs Pension costs Other staff costs 111,214 260 7,335 1,904 67.169 2.281 120.713 69,450 The monthly average number of person5 (induding senior management I leadership team) employed by the charity during the year was as follows: Page 22
Seaton and Dlstrlct Hospitsl League of Friends Notes to the Financial Statements for the Year Ended 30 September 2024 2024 2023 No Management stsff Shop staff No employee received emoluments of more than £60.000 during the year (2023: Nil). 14 Auditors. remuneration 2024 2023 The auditing of accounts of any associate of the charity All other non-audit SeiCes 6,513 2.670 6.059 2.484 9,183 8,543 15 Tangible flxed assets Furnlture and equipment Land and buildings Motor vehicles Total Cost At 1 October 2023 Additions 190.000 91,313 37.297 1,984 11,800 239.097 93.297 AI 30 September 2024 Dèpreclation At 1 October 2023 Charge for the year At 30 September 2024 Net book value 281,313 39,281 11,800 332,394 36,806 907 18,263 11.800 48,606 19,170 18,263 37,713 11,800 67,776 At 30 September 2024 At 30 September 2023 263.050 190,000 1,568 264.618 491 190,491 Included within the net book value of land and buildings above is £190.000 (2023 £190.000) in respect of freehold land and bulldings and £73,050 (2023 - £Nil) in respect of leaseholds. Page 23
Seaton and District Hospital League of Friends Notes to the Financial Statements for the Year Ended 30 September 2024 16 Flxed asset investments Listed investments Total Cost or Valuation At 1 October 2023 Additions Disposals Revaluation 2,261,629 2.261.629 676.105 676,105 (419,122) (419,122) 270.444 270.444 At 30 September 2024 Net book value 2,789,056 2,789.056 At 30 September 2024 At 30 Septembor 2023 2.789.056 2,789,056 2.261.629 2,261.629 The investments are held at valuation at the year end. This has been provided by the investment manag8rs, LGT Wealth Managemant. The historical cost of investmant is £2,576.037. 17 Dgbtors 2024 2023 Trade debtors Prepayments Accrued income 12,927 2,279 4,910 20,116 2.000 1,262 5.562 8.824 18 Cash and rAsh equivalents 2024 2023 Cash on hand Cash at bank 599 1.918.292 349 2,464,519 2.464.868 1.918.891 Page 24
Seaton and Dlstrlct Hospital League of Friends Notes to the Flnancial Statements for the Year Ended 30 September 2024 19 Creditors: amounts falling due within one year 2024 2023 Trade creditors Other creditors Accruals and deferred income 82,228 3,868 8,668 94,764 80.880 2,011 8.845 91.736 20 Penslon and other schemes Defined contrlbutlon penslon scheme The Charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £7,233 (2023 £2,280). 21 Commltments The League have entered into a Service Level Agreement with the Royal Devon Universlty Healthcare NHS Foundgtion Trust following the diminishment of the service with Hospiscare. They will provide an end of life care at home nursing service and associated support to the league. Seaton & District Hospital League of Frlonds are committed to pay £312.422 per annum for this servlce. Otherflnancial commltments The total amount of other fin8ncial commitments not provided in the financial st8tem8nts was £69,908 (2023- £78,261). Page 25
Seaton and District Hospital League of Friends Notes to the Financial Statements for the Year Ended 30 September 2024 22 Funds Balance at1 October Incoming Resources 2023 resources expended Transfers Other Balance recognised at30 gains I September (losses) 2024 Unrestricted funds General General Funds 4,834.076 263.406 (266.582) (199,848) 266.865 4.897.917 Restricted funds Hospice @ Home Friends in the Community 110,816 (310.296) 199.480 711 1,079) 368 111,527 199,848 311,375 Tolal funds 4,834.076 374,933 577,957 266,865 4,897.917 Balance at1 October Incoming Resources 2022 resources expended Transfers other Balanc• recognised a130 galns I Soptember (losses) 2023 Unrastricted funds General General Funds 4.824,836 214.827 (173.289) (60,216) 27.918 4.834,076 Restrlcted funds Hospice @ Home Friends in the Community 22,503 80,207 (160.975) 58.265 731 1,951 2.682 80.938 60.216 163.657 22.503 Total funds 4.847,339 336,946 295,765 La 27,918 4,834,076 Hos Home These funds are generated from fundraising and donations made t(Avards the Hospice @ Home service. riands in the Communit This is a monthly community group for older. isolated people run by the League. Any monios gonerated for the Friends in the Community are spent on this aGtivty alone. Page 26
Seaton and District Hospltal League of Friends Notes to the Financial Statements for the Year Ended 30 September 2024 23 Anatysls of nel assets between funds Unrestricted funds General Total funds at30 September 2024 Restricted funds Tangible fixed assets Fixed asset investments Current assets Current liabilwties 264,618 2,789,056 1.939.007 (94.764 264.618 2.789.056 1.939.007 (94.764 4,897.917 Total net assets 4.897.917 Unrestrlcted funds General Total funds a130 September 2023 Restricted funds Tanglble fixed assets Fixed asset inv8slm8nts Current assets Current liabilities 190,491 2,261,629 2.473.692 91.736 190,491 2,261,629 2.473.692 91,736 Total net assets 4,834,076 4,834.076 24 Related party transactions There were no related party transactions in the year (2023: NII). Pag8 27
Seaton and District Hospital League of Friends Detailed Ststement of Financial Activities for the Year Ended 30 Septsmber 2024 Total 2024 Total 2023 Income and Endowments from: Donations and legacies (analysed below) Chariiable a¢tlvltles (analysed below) Other trading activitles (analysed below) Investment Income (analysed below) Total income 152,434 2.305 157,944 62.250 84,950 4.733 148,914 57.168 374,933 295,765 Expenditure on: Ralsing funds (analysed below) Charitable activiti8s (analysed below) Totsl expenditure Gainsl(losses) on investrnent assets Net incomel(expenditure) Net movement in funds (112,954) 465,003) (95,843) 241,103 (577.957) 266,865 (336.946) 27,918 63.841 13,263 63,841 (13.263) Reconciliatlon of funds Total funds brought forward Total funds carried forward 4,834.076 4,847,339 4.897.917 4.834,076 This page does nol form part of the statutory financial statements. Page 28
Seaton and Distrlct Hospltal League of Friends Detailed Statament of Financial Activities for the Year Ended 30 September 2024 Total 2024 Total 2023 Donations and legacies Donations and bequests Churston Rise Friends in the communlty Hospi @ Home Gift aid reclalmed 19,836 18,196 711 106,906 6,785 152.434 4.458 11,223 731 68,538 84.950 Charitable activities Feed in Tariff Insurance refund 2,305 3,458 1.275 2,305 4.733 Other trading activities Subscriptions Fundraising for HospSce @ Home Seaton Memory Cafe Shop Income 478 3,910 4,609 148,947 157,944 305 11.669 136.940 148.914 Investment Income Income from listed Investments Bank interest receivable 25,112 37.138 22.523 34.645 62.250 57,168 Ral$ing funds Shop costs Shop costs - vge5 and salaries Shop costs - social security costs Shop costs - pension costs Purchases for events Purchases for events Management fees 46,342 39,037 56,177 36.323 2,482 1,051 643 23.395 906 2.062 375 112.954 95.843 This page does not form part of the statutory financial statements. Page 29
Seaton and District Hospital League of Friends Detsiled Statement of Financial Activities for the Year Ended 30 September 2024 Total 2024 Total 2023 Charitable activities Grants payable - institutions Seaton Mernory Cafe costs Befriending service The Counting House Friends in the community Hospice @ Home Churston Rise expenses Seaton Hospital Motor expenses 5.000 575 7,578 6,446 1.079 308.368 10,319 4.999 2.542 10.000 2.682 158.608 6.361 947 1,522 180.120 346,906 Govemance costs Wages and salaries Social security costs Pension costs Other staff costs Auditor fees Legal and other professional fees Comrnunications and IT Depreciation Sundry Insurance other offlce costs 72.177 256 4,853 1,904 7,123 4.091 1.054 19,170 1,958 1.231 4,280 30.846 1,375 8.421 14,287 536 246 2.090 615 2,567 60,983 118.097 This page does not fomi part of the statutory financial statemenls. Pag8 30