The gue+ Friends OF THE KENT & CANTERBURY HosprtAL The Queen s Award forvoluntary Service Annual Report & Accounts For the Year Ending 31 December 2023 Itrylcol Admlssloha.L6tsfi Our charity's special 70th Anniversary gift to the K&C Hospital - the fabulous new Surgical Admissions Lounge providin9 a prof essional and modern environment f or patients and staff Registered Charity No: 1155088 The Friends F THE KENk T & The Queen¥Awird forVoluntaryServliih Canlerbiiry Soiiih groiip members) lannequin Shops. profits were used to purchase this useful training tool. Patients are often unable to eat due lo their clinical condition. This training mannequin is very helpful in enabling staff lo be train¢d in the safe insertion of nasogastric feeding tubes and gain competency iising simulation. The League of Friends of the Kent and Canterbury Hospital CIO - Annual Report 2023 i io Specialisl Treadmill The Cardiology department was delighted to receive their new cardiac specialist treadmill which was only previously available at the William Harvey Hospital. The new machine ai K&C Hospital will reduce waiting time5 for patients and give a better quality of Service. The treadmill is used by about l2 patients a week to make cardiac observations whilst exercising and diagnose heart disease - it has made a real difference for both patient5 and staff. Doppler Kits We were pleased io fund doppler kits for the Tissue Viabilily team, helping them to assess th¢ ¢ir¢ulalion of patients with leg ulcers and prevent unnecessary delays in continuing or commencing compression therapy. This therapy is a gold standard intervention lo both prevent and improve leg ulcers. Kylie (far left), the Tissue Viability Nurse Specialisl, said.. "As a team. part of our irnprovemenl strategy is lo improve loiver limb care across the Easl Kent 14ospitals Trust and with the League's supporl. w¢ can now begin to do this. We are forever grateful." Echo Couch The Cardiology Diagnostic Department are delighted with their new echo couch. Here's whal they Said: "These couches are an integral part of the Echo service and gr¢atly appreciated by patients and staff. The adjustable nature of Ihe bed is fundamental in obtaining the best possible views of the heart. Obtaining clear and accurate images is cnicial to ensuring the outcomes of these scans are as accurate as possible. The beds are adjustable in multiple direclions and provide the patient some stability and support Ihroughoul the scan. Thank you, League of P riends, for enhancing patient care. The League of Friends of the Kent and Canterbury Hospital CIO - Annual Report 2023 i li Stryker Trolley5 Thc Em¢rg¢ncy Ambulatory Care department at the Kent & Canterbury Hospilal are delighted with our funding of thre¢ Stryker Zoom trolleys. The trolleys are electric and will enable staff to transfer patients from area lo area easily and safely. l-hey ivill mainly be used for urology, vascular and slroke patienls. The senior sister, said.. 'We would all like to say a massive thank you to the League of Friends for their kind generosity., Specialist Wheelchairs Legacypiil lo good iise ... The Neuro Rehabilitalion team was delighted to receive specialist vheelchairs, seating and other Iherapy and nursing equipment fuiided by a generous legacy of £140k from Barbara A¢kroyd, foriner l.eabFue Trustee and Triisl employee. A plaque has been displayed to acknoivledgc Barbara's much appreciated generosity. Christmas Gifting 'Yot4 huve p701 beenforgollen,... In keeping ivith our annual tradition. patients in the Kent and Canterbury Hospital over the festive period and children attending appointments in Ihe run up to Chrislmas were treated to gifts, funded by generous donations. Shops, Manager, Malt Tillman, said,"We hoped to spread a little festive cheer at what can be a difficult time for patients and it was lovely to receive such a wami ivelcome from both patients and staff as we delivered to the wards." The League of Friends of the Kent and Canterbury H05Pital CIO - Annual Report 2023 | 12 Some of the Equipment agreed for funding during the year: Retina Camera for Ophthalmology EEG Machine for Neurophysiology Portable EEG Machine for Neuroph)'siology Convertlng 1937 Gym into Rehab Kitchen for StrokelNeurology patients 2 x Electric Ophtbalmic Stretchers Theatres Staff Wellbeing Room Stryker Power Tool Blinds for HArbledown Ward Bumper Rails & Bedhead Protectors for Kingston Ward 4 x Eleetrie Reclining Chairs & S x Overbed Tables for Neurology 4 x Rehab Shoiver Chairs for Harvey Ward Aceuvein & Stand for Dolphin Ward Training Mannequin 24 x Vi5jtor Chairs for Harbledojvn Ward Echo Couch for Cardiolo￿. Diagnostic Dept Caretray Trolleys & Infusion Poles for Neurology Doppler for Tissue Viability Unit Xmas Gifts lo Patients 2023 Trolle). & Massage Chairs plus VAriou$ foot, neck & back massagers Wireless handheld Dynamometer for Therapy Sen'ices Fridge & Kettle for Staff on Kingston Ward Upper Limb Station for Stroke Service Garden Items for Haemophilia Outside Area Adult Sized Skeleton The League of Friends of the Kent and Canterbury Hospital CIO - Annual Report 2023 113 Looking forward/our plans for the future We are delightcd to report ihat the League has had anoiher highly successful year. Our eight city and village fundraising groups have enjoyed regularly meeting lip to plan and hold a huge variety of even15. It is pleasing thal the local ¢ommunity has been keen lo support our efforts which range from coffee moming5 and quiz night5 to larger events at the Caihedral Lodge and University of Kent. During the year, the League has been fortunate to receive a number of generous legacies from grateful patients and lamilies. The League continues to ensure that these larger donations are used for proje¢ls in line with the donor families, wishes, where stipulated. Particularly of note this y¢ar was our 70 Ih anniversary gift to the Kent and Caiiterbury Hospital - the new Surgical Adinissions Lounge- which vas largely funded by a £90k le¥acy from an ex-member. The Trustees regularly consider what emerging issues they may need lo addrc55 to ensure the League continues to meet ils objectives, supporting the Kcnl and Canterbury Hospital and serving Ihe community. Policies, procedures and govemance continue to be regularly reviewed to ensure best practice. The League will continue lo endeavour to increase not only the totsl value of the grants given but to ensure that the money is well spent, enhancing the care and treatment given to patien15 and supporting Ihe iyellbeing of staff. The three hospital shops forn) the business ami of our charity. Footfall and takings have steadily increased over the year and our customers have particularly appreciated the longer opening lime5 of our Inain shop, 7am-7pm Monday-Friday as we strive to provide the best possiblc service. We have a fantastic team of regular volunleers ivho tirelessly give up their free liine lo suppurt us - but Inore are always welcomed. On the back of ih¢ highly successful major refurbishments of the main shop in 2020 and the Oulpalients, shop in February 2022, a similar upgrade of the Fracture Clinic shop is being planned for the latter half of 2024. Our aims for the future include: Continue to raise the profile of Ihe League and fundraising in the community. To assist us in our efforts ive have appointed a Social MedialPublicity expert who has significant experience and onta¢ls in this field. Additionally, a newly appointed Charity Fundraiser has held an impressive variety of evenls over the year and has helped to increase awareness of our charity. Work iyith the 'frust to maximise paticnt and staff benefit by increasing ihe level of financial SLlPPOrt to the Trust Maintain the h]￿eSt standards of governance and management and adhere to legislation and published best practice Adhere to the Fundraising Code of Practice and Fundraising Regulator guidclines Demonstrate value for money from the resources invested while monitoring risk, to ensure it 15 maintained at a level consummate with Charity legislation and guidelines Whatever the final configuration of the hospitals and services across East Kent in the future. the K&C Hospital Ivill continue to have an important role and the League will continue lo support the staff, patienls and visitors to the K&C Hospilal Continue lo endeavour to reduce the l.eague's carbon footprint by emailing documents lo members wherever possible, saving on prinling and postage expenditure The League can only achieve these objectives with your support. Please go to our website for more information aboul our work, how to support our events, how to donate or become involved with our worthivhile charity.. www.lofkch.org.uk The League of Friends of the Kent and Canterbury Hospital CIO - Annual Report 2023 | 14 Financial Summary Financial Review Summary The figures stated below provide an overview and are drawn from the full Annual Accounls at the back of this report: Income from all sources Voluntary contributions Expenditure totalled Grants lo the Trust Governance & administrative costs- Expenditure exceeded income by £ 1,120k 56k £ 1,179k 244k 54k £ {58)k The League held net assets of £679k as at 31 December 2023 (£738k in 2022). The net assets of the I,eague were reduced by £58k from the balance held at the end of the previous financial year. Where our income came from The League's main soiirce of income comes from charitable fundraising activities, profit from the hospital shop5, the &Jener051ty of the public who gil'e donations as a thank you for the care th¢'y or th¢ir fri¢iid5 and family liave received or in memory of loi'ed ones, aiid in bequests and legacies from th¢ir estates. Legacy income is unpr¢diclabl¢ and Can take time for the cash lo be distributed to the League. Throughout ihe year our eight city and local vtllage groups have found imaginative ways to raise funds and belween them, achieved an incom¢ of £3 Ik, which is very miich appre¢ialed by the Trustees. The dedication and fundraising successes of our hard-working groups hugely contributes lowards the support and additional lacilities the League is able lo provide to the K&C Hospital. making a real difference to palient care. During 2023 donations ivere £30k. the same as last year ivhilst legacies, where receipls are less predictable, were significantly lower at £27k compared 10 £196k in 2022. Shops, takings of £1.023k were a record, up substantially on the £772k taken in 2022 resuliing in a record surplus after costs of £150k available for dislribution as Gifts to the Trusl. Interesl received reflected the increase in interesl rates and totalled £14k. Where Ive spent our funds The League 8pends the funds received in accordance with charity laiv, its grant making policy and respecling the ivishes of donors. GTanls to the Trust of £244k made up 21 O/ib of the total expenditure, (2022: £355k & 330/ik). the difference b¢ing driven by to the ¢ff¢ct of the prestigious £160k 70 Jubilee anniversary gift of the Surgical Admissions Lounge being committed in 2022 and the increase in the shops, expenditure due to the significant 33 % increase in revenues in 2023. The League of Friends of the Kent and Canterbury Hospltal CIO - Annual Report 2023 | 15 Grants are approved to achieve a benefit to ihe public (staff and the patients of the K&C Hospilal together with vi81tors who use the services and facililies), which would not otherwise be possible within the Conslraints of the Trust's capilal budgets. Trustees consider ea¢h application on merit and aim to support technological advances in treatmenls by purchasing new and replacement medical equipment. Projects also include new furniture. refurbishment of patient rooms and gardens, funding for staff Ivellbeing and any other items which the Trustees deem an appropriate use of charitable funds. The League also provides services to patients. staff and the public by way of our three hospital shops and a kiosk. a newspap¢r and rcfrcshments ward trolley and a mobile ward library trolley. A summary of the expenditure is given below: Gifts to the Hospilal Hospital Shops Governance & Administration Cost of Fundraising inc Publicity £244k £873k £54k £8k The League of Friends of the Kent and Canterbury H05Pltal CIO - Annual Report 2023 | 16 Structure, Governance & Management The League of the friends of the Kent and Canterbury Hospilal Charitable Incorporated Organisalion (CIO) is r¢gistcrcd with the Charity Commission for England and Wales under charity number 1155088. The CIO charity was established by Constitulion on 12 December 2013 and received all assets and liabilities under transfer from The League of friends of the Kent and Canterbury Hospital (charity number 206925) on the I l February 2014. Charity number 206925 was closed during 2023 and any gifts left to it are tranSfe￿ed to the CIO under the tenns of the transfer agreen]¢nt. The objects of the Charity as stated in Ihe Conslilulion document are: 'To relieve sickness and lo preserve and protect good health for the public benefit by supporting the work of Kent and Canterbury Hospital by such means as the Trustees de¢ni appropriate. The League CIO exists to raise and receiv¢ charitabl¢ donation.% to benefit the wards, departments and services provided by the East Kent FIospitsls University NHS Foundation Trust to the Kent and Canterbury Hospital in Kent. All income is recorded as "unrestricted, unless a doeumenl whieh fonll5 a legally binding Trust, eg, a Will, Ivhich identifies that the funds are lo be used for a specific purpose and no other is received at the time of receipl. There is currently one reslricled legacy outstanding with an eslimat¢d value of £21k. Most legacies are given without reslriction to benefit the League. Under the Conslilution, the League's Truslees shall manage the affairs of the CIO and may for that purpose exercise all the powers of the CIO. All the profits from the hospltal shops, donations, legacies. gift aid, fundraising aelivities. pro¢¢¢ds from the Stamp5 and Coins Service and investment interest provide our income, lo be made available for the purchase of gifts to the Kent and Canlerbury Hospital. The Trustees Trustees are the people legally responsible for having general control of the management and adminislration of the League of Friends of the Kent and Canterbury Hospital CIO. Trustees are appointed in accordance with the League Constitution as at 12 December 2013. A maximum of sixteen Trustees may be appointed at any one lime with a minimum of four in office. In accordance with clause 13 of the Constitution, one third of Ihe charity trustees must retire from office at the ADW]ual General Meeting (AGM) on a rolalion basis and vacancies so arising may be filled by the decision of the members at the meeling. The League of Friends of the Kent and Canterbury Hospital CIO - Annual Report 2023 | 17 At the AGM in June: Mrs L Colernan and Mrs J Reed retired from office and following Iheir agreement to stand for re-election, they were unanimously r¢-clccl¢d Dr C Irvin¢ advised that she would be stepping down as Chainnan Mrs L Coleman was elecied as the new Chairnian Gill Morton, Trustee for Groups. retired from office Following the AGM, Dr K Neales ivas appointed as Vice Chairn]an. The League has two Vice Presidents, an honorary role which carries no voting rights and is usually held by retired LOF chairmen. Vice Presidents are invited lo attend th¢ AGM and five Ccntral Cominitt¢¢ meetings throughout the year and Iheir input is welcomed by members. For the year ended 31 December 2023 the Trustees were.. Mrs L Coleman Mrs J Anderson Miss C Blakemore Mrs E CJould Dr K N¢al¢"s Mr G Norman Mrs J Reed Mrs P Smith Chairman Trustee Trustee for Shops Trustee for Groups Vice Chainnan Hon Treasurer Trustee for Noticeboard51Library Trolley Trustee Meetings The Truslees meet regularly. six times a year, and are supported by a salaried Charity Manag¢r. Membership of the CIO is op¢n lo nominated person5 from each of the eight local fundraising groups and from nominated persons from the services offered by Ihe League. The Trustees report to Ihe wider m¢mb¢rship at th¢ Central Committee, which meets five times a year, and all nominated members are entitled lo vote al this meeting. In advance of the AGM. members receive Ihe fonnal reports and audit¢d accounts. Aside from the AGM, the Cenlral Committee's main purpose is lo decide on the allocation of gJrants for gifts to the Hospital and individual local groups can pledge full or partial funding for specific gifts. Groups There are eight city and lo¢al village groups as folloivs-. Ash * Barharn & Kingston Canterbury South * Chartham * Nailbourne Rough Common, Harbledown & Blean * St Stephen's & St Dunstan's Sturry Our groups forni the backbone of the League and meet regularly to plan and hold fundraising events. Al Central Committee meetings, held five times a year, the groups agree to purchase spe¢ific items for the hospital, chosen from a list of requests from hospital wards and departments. The groups also make up many of the volunteers required to run the on-site hospital shops. The League of Friends of the Kent and Canterbury Hospital CIO- Annual Report 2023 | 18 Each League group has ils own Chair. Se¢r¢lary and Treasurer as well as other members lo manage its affairs and assist with fundraising. One of the Charity's Trustees acts as Groups l.iaison. attending their meetings when possible and reporting to the Trustees on any issues, oncerns and activities of the groups. CJfoup8 have enjoyed regularly meeting up throughout the year to plan and organise a variety of events. With the NHS under continued pressure and facing many challenges, the local community has come together and wholeheartedly supported our fundraising ¢tYorts so that we can achieve our aim of supporting the hospital. Events have included a sell-out fashion show, fun quiL nights, coffee and cake mornings, strawberry teas, plant sales, jam making sold in the League shops Ihe list goes on. The groups do not have individual bank accounts but pay all monies raised into the Charity's Central bank account. The Hon Treasurer keeps records of how much each group has raised and advises group treasurers accordingly, so that the group committees can decide how lo spend their funds. Groups provid¢ quarterly returns to the Treasurer to enable (yifi Aid to be claiimed from HMRC. Library Trolley Service The Ward Library Trolley service, led by our long-serving and dedi¢al¢d volunteer Mike Wadey (on the righi) is welcomed by patients and staff alike. Depending on the number of volunteers, ward rounds are undertaken 2-3 limes a week with the aim of daily rounds if more volunteers can be recruited. A good 5eleclion of donated books and magazines ar¢ offered on loan, and even a pair of reading glasses, if required. Patients enjoy seeing a frieiidly face and if well enough, passing lh¢ timc of day with our volunteers, even if they do not wish lo lake a book. We are exlremely grateful lo our dedicated small leam who provide this highly valued service and are always looking for neiv volunteer5 who can spare a couple of hours every week. Stamps & Coins Service- another bumper year The success resulting from lockdown clear-outs has continued into 2023 and a record amounl this year was raised. Thanks to the regular donations collected by our member,5 and the gener051ty of ihe public responding to appeals by donating 41 used stamps, coins, stamp albums and first day covers, a fantastic £2,480 has been raised at auctions- our best year lo date. The Service has gone from strength to strength thanks to our long- serving volunteer, Barry Linden and his wife. who diligently trim and prepare large quantities of stamps, plus oiher items. ready for auction. The League of Friends of the Kent and Canterbury Hospital CIO - Annual Report 2023 | 19 Advisors Regulating Body Charity Commission for England and Wales London Investment Managers CCl,A Investment Management Limited 80 Cheapside London EC2V 6DZ Registered Charity Number 1155088 Bankers National Westminsler Bank PLC I l The Parade Canterbury Kent CTI 2SG Principal Office League of Friends Kent and Canterbury Hospital Ethelbert Road Canterbury Kent CTI 3NG Aecountant5 And Auditors Kreslon Reeves LLP Chartered Accountants Statutory Auditor 37 St Margarel's Str¢el Canterbury Kent CTI 2TU Palron The Lord Archbishop of Canterbury President The Lord Mayor of Canterbury The League of Friends of the Kent and Canterbury Hospital CIO - Annual Report 2023 | 20 Finance Sub Committee This Committ¢¢ was ¢slablish¢d in 2016 as a separate committee to support the Trustees in Governance and Finance issues that require in-depth review and discu55ion and where immediate decisions are required prior to the next Trust¢cs' meeting. I"he Committee works under Temis of Reference sel out in the Governance Policy, which was updated in November 2022, and reports directly lo the Trustees at the next meeting, Inaking recommendations and notifying them of any decisions and aclions that may have been laken. Tenns of Reference are reviewed annually and updated wh¢r¢ r¢quir¢d to m¢et ihe changing needs of the League. Meelings are held at leasl twice a year and on an ad-hoc basis. via remote communication where necessary, to ensure the best outcome for the League. The members of the Finance Sub Committee are key Trustee Officers and meetings are chaired by the Hon Treasurer or the Chainnan where the Hon Treasurer is unable to attend. Mcmber5 are.. Chainnan Vice Chairnian Hon Treasurer Shops Trustee Additional officers where appropriate The Committee has ihe following speciftc duties and functions: Review costs relatii)g lo Audit. banking) ¢￿d Sliop Book Keeping contrdcts to ensure these remain comp¢tiliv¢. meet legal and Charity Cominission compliance Review investment strategies to ensure maximising opporlunilies Review approval Ihresholds for expenditure from the Charity's lunds Review and approve the annual report and accounts prior to submission to Trustees Revieiv and approve expenditure wher¢ immediate action is required to maximise benefil and report to Central Committee Review financial reserves and risk management Review new and exisling policies Review Shops. structure and pay, including benefits package Review Health and Safely Audits and impact on budget Revieiv shops, suppliers, quality conlrul and ethics Members are required to disclose all relevant interests at the start of meetings and withdraw from decisions when a conllict of interest arises. The League of Friends of the Kent and Canterbury Hospital CIO - Annual Report 2023 | 21 Staff and Volunteers The League is grateful for the unstinling efforts of its volunl¢¢rs who ar¢ involved in fundraising activities, service provision through the League hospital shops and the Library Trolley Service together with ihe Stamps and Coins Service. The League has an estimated 150 volunteers and members covering all aspects of ihe League's Ivork. If each volunleerlmember spends on average 3 hours per week volunteering, this equates to around 23,400 hours per year of voluntary work. If these volunteers were paid the national living wage of £10.42 (from April 2023, age 23+) per hour, then we estimate ihey give £243.828 worth of unpaid work per year to the hospital. The League'5 hospital shops are manned by 13 paid staff including a full-time Shops Manager and Deputy Manager, supported by volunteers. The daily Ward Trolley Service (newspapers/refreshmenls/toilelries, etc) is undertaken by paid slaff and is welcomed by patients and ivard staff alike. The ward Library Trolley Service is run by committed volunteers. Two new paid posts in 2023 have been filled by an enihusiastic Charity Fundraiser and Social Media/Publicity support, the latter provided on a freelance basis. Kre5ton Reeves acts as shop5 bookkeeper and the League is supported by a paid Charity Manager for administration. Peninsula HR act as the charily's HR and Health and Safety advisor offering extensive support to slecember 2023 The League ofFriends of the Kent 8nd Carptert)ury Hospital CIO is a charitable inco￿orated organisalion, domiciled in England and Wales, regislralion number 1155088. The principal office is at Kent and Canterbury Hospital, Ethelbert Road, Canterbury, Kent. CTI 3NG. The accounts are pr8s8nted in pounds sterling and rounded to the nearest pound. Principal accounting policies 1.1 Basis of preparatlOD The financial slatemenls have been prepared under the historic cosl convention, wilh items recognised at cost or transaclion valu¢ unless otherwise slated in the relevant notes to ihese accounts. The financial statemenls have been prepared in accordance with the Charities Act 201 l and have only departed from the Charilies (Accounts and Reports) Regulations 2008 only lo the extent required lo provide a 'trLie and fair, vielv. This departure has evolved following the Charities Statement of Recommended Practice 2019 {SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) effective l January 2019. The League of Friends of the Kent and Canterbury Hospital CIO constitules a public benefit entity as defined by FRS 102. The ￿1]ctIOnal and presentation currency is Pounds Sterling. The financial statements are presented lo the nearest l)ound. 1.2 Going concern The Trustees liave a reasonable expectation that Ihe League has adequate resources lo continue in operational existence for the foreseeable future and are unaivare ofany material uncertainlies facing the charity that could impact on this conclusion. For this reason, they continue to adopt Ihe going concern basis in preparing the financial statements. 1.3 Incoming Resources All incoming resources are recognised once ihe League has evidence of enliilcment and it is probable (more likely than not) that the resources will be received and the monetary value can be measured with sufTici¢nt reliability. It is not the charity's policy to defer income. All income is considered to be Unrestricted. which are available for use at the discrelion of the Trustees in furtherance of the general obj¢eliv¢s of the League unless there is a legally binding Trust, such as a Will or Deed, or when the League has raised funds for a publicly slated specific purpose. Those funds with such documents will be recognised as Restricted in the accounts until such time a5 they are either spent. or can no longer be used for the purpose for which they were given. In such cases the donors will be contacted to request a change of purpose or return of fund5, or where they become too small a value to achieve the initial purpose. they will be transfe￿ed to general funds in furtherance of the League's objectives. The League of Friends of the Kent and Canterbury Hospital CIO - Annual Report 2023 133 Designated (unrestrict¢d) funds comprise funds that have been set aside by the Truslees for particular purposes. These purposes are. in the main, for the provision of gifts lo the K¢nt and Canterbury Hospital. The Trustees may return these funds for general purposes at their discretion. Where ihere are tenns or conditions attached to the incoming resource (particularly grants) then these must be met before the income is recognised as the entitlement will not be evidenced, or where there is uncertainty that the conditions can be met, then the income is not recognised in the year. It is not the charity's policy to defer income even where a pre-condition for use is imposed. Legacies are accounted for as incoming resource either on receipt or where the receipt of the legacy is probable. Receipt is probable when- Confinnation has been received from the representatives of th¢ ¢state(s) that probate has been granled The ¢x¢cutors have established thal there are sufficient assels in the estate to pay the legacy All Conditions altached lo the legacy have been fulfilled or are iviihin the Charity's control Where the amount of the legacy can be reliably estimated Legaeies which are subject to a life inleresl party are not recognised Where legacies have been notified to the League, or the League is aware of th¢ granting of probate, bul Ihal a reliable estimate cannot be identified, then Ihe legaey is Sho1￿ as a contingent asset and disclosed ifmaterial. Fundraising income is shown gross. Income from the shops operated by the League is accounted for ivhen earned. nvestmenl income is recognised al the IiTne the investment income is received. Insurance income is recognised upon receipt of confimialion of pay-out. Governmenl grants are reeognised using ihe accrual model. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate finaiicial support to the entity with no future relaled costs are recognised in income in the period in which li becomes receivable. Gifts in kind are valued at a reasonable estimate of their value to the Charity. Gifts donated for resale are included as income either when they are sold or at ihe estimal¢d resale value after deduction of the cost to sell the goods. 1.4 Intangible Income The value of Se￿iCe$ rendered by volunteers 15 not incorporated in these accounts, but it is recognised that the intangible value of volunteers far outstrips any financial worth that may be attributed to their service. The League of Friends of the Kent and Canterbury Hospital CIO - Annual Report 2023 | 34 1.5 Resources expended Expenditure is recognised once there is a legal or constructive obligation lo make payment lo a Ihird party, il is probable that sLiilement will be required and the amount of the obligation can be measured reliably. All expenditure is accounled for on an accruals basis. All expenses including support costs and governance costs are allocated to the appli¢ablc expendilure headings. Support costs are those cosls incurred directly in support of expenditure on the objects of the League. These are allocated on a time spent basis. Governance costs are ihose incurred in conneclion with adininistration of the League and compliance with constilutional and statutory reqiiiremenls. The cost of charitable activities comprises both ihe shop5. expenditure and the value of gifts made to the Kent and Canlerbury Hospital. Such gifts are recognised when the League has commilted itself Èo ihe expenditure and this has been communicated to the hospital. The I,eague does not make grants to individuals. All grants are made lo the Trust to provide for the care of NHS patienls in filrtherance of its charitable aims. Liabiliti¢s are recognised a5 and when an obligation arises to transfer economic benefits as a result of past transactions or events. Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of (lisseminating information in sUPPOrt of the charitable activities. 1.6 Tangibl¢ Fixed assets Tangible fixed assets are carried at cost, net of depreciation and any provision for impairnient. D¢preciation is provided at rates calculated lo write off the cost of fixed assets. less their estimated residual value, over Iheir expected useful life on ihe folloiving basis.. Computers- 33% Straight line Shop Improvement5- 5% Reducing balance Fittings & equipment- 20% Reducing balance- all areas 1.7 Stocks Stocks are valiied al the loivcr of cost and nel reali5able value after making due allowance for obsolete and slow-moving stocks. Cost includes all direcl cosls and an appropriate proportion of fixed and variable overh¢ads. 1.8 Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Pre-payments are valued at the amount pre-paid nel of any trade discounls due. The League of Friends of the Kent and Canterbury Hospital CIO- Annual Report 2023 | 35 1.9 Cash at Bank and in hand Cash at bank and in hand includes cash and short-tern) highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 1.10 Creditors and provisions Creditors and provisions are recognis¢d wh¢r¢ th¢ Lcaguc has a present obligation resulting from a past event thal will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or eslimaled reliably. Creditors and provisions are nonnally recognised at their s¢iil¢m¢nt amount after allowing for any trade discounts due. Grant commitments are only recognised when the League has committed itself to the expenditure and this has been communicated to ihe hospital. 1.1 l Judgement ID applying accounting policies and key sources of estimation uncertainty The preparation of the financial statements requires the Trustees lo make jiidgemenls, estimates and assumptions that can affect the ainounls reported for assets and liabilities and tlie r¢sulls for Ihe year. The natUTe of estimation 15 such that actual outcomes could differ significantly from thos¢ estim¢ltes. Eslimales for legacies have been made based on the inforniation provided by the solicitors of the cslales. The Trust¢cs b¢licvc this is the best source of infonnation to make the estimate of valu¢, but acc¢pt that there may be changes from expectation. .12 Charity, Tax The League of Friends of the Kent and Canterbury Hospital CIO is considered to pass the tests sel out in Paragraph I Schedul¢ 6 Finance Acl 201 O and therefore it meets the definition of a charitable trusi for UK income tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains r¢cciv¢d within catcgories covered by Part 10 Income Tax Act 2007 or Section 256 of the Taxalion of Chargeable CJains Act 1992, to the extent Ihal such income or gains are applied exclusively to charilable purposes. The League of Friends of the Kent and Canterbury Hospital CIO - Annual Report 2023 | 36 2 Income from 2023 Total 2022 Totsi R•ylrlct•d Unr•strf¢ty R•strtct•d UNgJirfc*d Inc¢m• Irom Donotnns 29.909 29.909 30.258 30,258 Lega￿5 Tot41 thna¥ons & 1go•¢lgs 26.517 26,517 18S.104 196.104 56,426 $8.428 11.000 215.3$2 226,362 ¢hartiaN• •¢￿VI#¢5-8h &troll• 1.022.74S 1,lJ22,746 771.708 771.798 Gmvps Jowt SU[￿[￿[[&1r 26.712 26.712 20.392 20,3¥2 10.611 ro$plal Shops 686 3.506 3.506 Tolal oth•rtradlng aC￿vIl• 2T,398 27,398 34,S79 34.579 Intert5t-depo$R a¢￿]unIS 13.784 13.784 1.382 1,312 942 942 Toial In¥gskngrItl￿¢O￿• 13,784 13,784 2.324 2,324 Govem￿Trt 9ranl$ InsJRnc4 cjain 3,D08 Total Income 1,120,355 1,120.3SS 11.000 1.026.9BI 1.037.981 The League of Friends of the Kent and Canterbury Hospital CIO - Annual Report 2023 | 37 3 Expenditure on rHlhurè 2023 T¢￿1 2022 Total lknrèslrtetsd R¢$trl¢tsd unr+Slrf¢t•d Expbndltutè on Joinl SUrr￿[fa* 2,397 2.397 otherfundfais￿P ￿$t$ 7.873 7,87S 2,083 2.013 Toknl co8t0lrals1￿ tunds 7.•73 T.873 4,410 Shop & tr0l8y purcha￿ 127.194 464,425 461,426 Shop sundryputhByes 1.603 1,709 1.705 shop oiherairt¢i ty)s¢$ Shop waoès Shop depreciakn)n 32.979 32,97• 171,567 6.062 6.012 7,437 T,437 Tt)ts15hop oAppndilure 873,13 57S,138 878,104 871.104 Gfft9-Centr81 129.726 132.247 3.345 305.530 JQ$.¢75 GKis-Gtoups 25.200 25.281 38,75B 3B.76a Grfts- Shops 86.828 86.828 7,260 7,260 Ttstai b) hospKai 2.521 244.373 3.345 351.648 3S4.893 Se¢oièfAI ￿¢# 37.156 37.166 32.080 32.•6Q Doprèdalknn Sundrypu￿s8es 35 39 49 49 8.022 •.022 6.639 6,639 OthèldKeCt 5.135 5,1J& 1.909 1.909 Audilors'rÈrnnera¥offl 3,240 3,240 3.614 J.614 Totsl support&qov•rn4nB• cosls 53.$92 S).$92 44.271 44,271 Totsl *xpwndltur• 2.621 1,176,455 3,34$ 1.078.403 The League of Friends of the Kent and Canterbury Hospital CIO - Annual Report 2023 | 38 4 Analysis of tangible fixed assets FixadA8s0ts Centr41 Computèr equlprngnt Shops ¢ornput¢r Equlpm•nt Flturtgs I Equlfv¥n•ni Flthngs 1 Equlwm•nt ToL41 Totsl Overall T4xal CosL.. Ag 4tliiJanu4ry 2.234 1,4•0 3,724 77.219 28.926 108.195 109.91• Add4bn$ Dlsposa 2,134 1,490 J,724 7T,269 28.926 106.195 tOg.910 D•prpclaUon'.- AS 4tlsi January P,5221 (00.8981 (64.4201 Charge loryg4r (391 On d￿POSS A* 4t31*t O&¢èmbèr (J,5611 (66.9601 170.$21} N8V..- A$ at i*JanuAry 202 202 25.439 19.858 45.2*7 45,499 A$ 4131st Dgc•mb•r 18) 163 20.3B8 1B.869 59,235 J9.394 5 Analysis of net aS5et$ beh%'e¢n funds Anaty8i8 of Net A88et8 botsveen Fund8 R•strttt•d Z023 2022 Unr•gtrlct•d Tolal Restthcled Unrestrlcted Total Tanglble Flxed Assets 39,39B 39,39B 45,499 45,459 UlTr￿tA5￿ets= Cash in hand 838,816 7S2,9S0 96.655 719.529 816.184 Slocks- Goods for ie5a 22.383 Z2,3UJ 16,779 16.779 D¢blOB- Gfft Aid 4.453 4,453 Debt0￿- Legac￿ 21.000 40.000 61,000 41.000 18D,SOts 221,500 Dtrbiois- Others 1,760 1.760 Total cUrre￿tA￿Sets 135.134 701,199 836.333 137,655 923,021 1,060,6T6 Crpdltor¥ dvo wlthlty 1 y••r. TRde- Shops Grfts for Hosprfal 180.9031 160,903} 15S,07$1 ISS,OT5Tr 1309,9421 1309.9421 Olhef ueditors 13.2401 13,Z40} {3,120} Totsi Cr•dliOfS 1196.3161 196.3161 {368,1371 J68,1371 Tolal NetAs$ets 155.134 544,211 679.415 137,659 600,383 738,038 The League of Friends of the Kent and Canterbury Hospital CIO - Annual Report 2023 | 39 6 Analysis of Debtors Anaty818 of Debtors due vAthln 1 year Re8trtGted 202J 2022 Unrestrfcted Tolal R•sirf¢ted Unro¥tri¢ted Total Le9a¢*8 Olh61 21,000 40.000 61.000 41.000 180,500 221.$011 1,760 1.760 GnlAyJ- Central 4,453 4,453 GrftAvJ- Groups Totsl Dobto 21.000 40.000 éi.Doo 41,000 188.715 227.713 The League of Friends of the Kent and Canterbury Hospital CIO- Annual Report 2023 140 7 Contingent assets There are no known contingent assets. 8 Analysis of Creditors Anatysi$ of Creditors due wllhln 1 year Restrl¢ted 2023 2022 Unreslrfcted Unrpst¥lcie¢J Tolal Trad• Ishop pyr¢h•$8$ lor rq¥alp} {48.S341 148,$341 145,0481 145,0461 Olhei CTeditots Olher¢WitOO- VAT 18.9911 18,9911 [1,3991 Total Othèr Cfodltors 18.9911 ft,3991 17,3991 Accruals.. Accoun1ancyl8ookkeep￿g 12,6651 {2,66S} P,6301 Audrtors 13,2401 13,Z401 13,1201 Wage$ 17131 (71Jl Cornmitrfeni of Gffts ￿ Ihe Htsspiial (309,9421 1309.9421 Total Accruals 1315.6921 Total Credltr•rs 1196,3161 1368.1371 1368.t371 9 Transfer of Funds The Trust¢es review all unrestricted and restricted funds to ensure that there 15 a need and can meet the criteria for its purposes. No funds were transferred or reclassified in the reported year (NIL in 2022). 10 Related Party Transactions No Trustee or other per80n related to the charity had any personal interest in any conlract or transaction entered into by the charity during ihe year (2022 - Nil). 11 Staff Costs and Trustee remuneration The average monthly number of employees was 15 (13 in 2022). The charity ran ils ow) payroll through a professional advisor for the full period. The total staff costs and employees, benefits was as follows: 2023 2022 Gross wagès Employerfs National Insurance Employerfs pension contributions 221.942 8,563 3.792 191,807 8,332 3.478 Total Payroll 234,297 203,617 The League of Friends of the Kent and Canterbury Hospital CIO - Annual Report 2023 | 41 No employee recelved remuneralion amounting to more than £60,000 in either year. None of the Trustèes have received any remuneration or benefits in kind from thc League for their work in this financial year whilst undertaking their responsibilities for the Charity (2022 None). No Trustees received reimbursement of expenses in the current year {2022 Nil). The League of Friends of the Kent and Canterbury Hospital CIO - Annual Report 2023 | 42