2024-03-31-accounts

NUFFIELD ORTHOPAEDIC CENTRE OUHS FOUNDATION TRUST

LEAGUE OF FRIENDS

ANNUAL GENERAL MEETING

Meeting held on Wednesday 19 June 2024 at 2.00pm

Only the Chairman and Trustees were invited and attended the Meeting.

1.0 WELCOME

The Chairman, Shaun McClarron thanked everyone for attending the AGM .

2.0 APOLOGIES FOR ABSENCE

Yousef Sida

3.0 ELECTION OF OFFICERS

D Henderson-Slater proposed Anton Pick to become a Trustee. This was seconded by G Thomas

The vote was unanimous.

Karen Barker, Penny Bilney, Jean Grandi, Yousef Sida and Gail Thomas were re-elected.

4.0 MINUTES OF AGM HELD ON 20 JUNE 2023

These were approved.

5.0 MATTERS ARISING

OCE Shop has been handed back to The Trust on 19 June 2024.

6.0 CHAIRMAN’S REPORT

See attached Report.

7.0 ANNUAL ACCOUNTS 2022-2023

SM presented the attached Annual Accounts.

He stated the increase in profits continue to rise – this year to £73k.

The Accounts for 2022-2023 were proposed, seconded and accepted..

8.0 ANY OTHER BUSINESS

General discussions concerning Bids, Funding etc took place.

Further discussions will take place at Trustee Meetings.

It was agreed that we should employ someone to complete volunteer DBS, Health etc checks.

A Bid for £3300 from Sam Pemberton (Physio) for a Postgraduate Dissertation was refused, but an offer of £500 would be made.

9.0 NEXT AGM

The next AGM will be in June 2025.

The Meeting closed at 3.00pm.

Leagu• ol Frfends of tha Nuffleld Ordwlc Centrn Nuffleld ortI￿paedk Cwtro H•adlngton Oxford Charfty Numbor 1165880 Flnanclal Stat￿l•n￿ for tho year •nd•d 31st Ma￿h 2024

League of Frlgnds of the Nuffléld Orthopaedlc Centra Annual, Report for tho year ended 3181 March 2024 The Trustees present thelr Report f￿ Ihe year 6rKled 31st March 2024. Leg•1 and Admlnlstratlvo Dalalls The League of Friends is eonsliluted by the rules adopted al its inaugwal m8eting In 1984, and subject lo arnendmenl ty membgrs 8t ganetal me8tkngs. The League was reglslered with the Charity Commissioners under Charity Number 264276. On 27th February 2017 they became a Charflable In¢orporated Organlsabon. The Truslee B08rd who served durfng the year and who are responsltle for the m￿ageMent of the League's business are as follows: Mr Shaun Mcclarron Mrg Jean Grandl Chaimian Treasurer Dr Davld HendersoTrSlater Ms Ka￿n Barker Ms Penny Bllney Ms Gall Thomas Mryoussef Sida (appolnted 22nd August 2023) Bankers: National Weslminster Bank F4c 91 London Road He•Jington Oxtord OX3 9AE COIF Charity Deposlt Fund 85 Queen Victorta Street London EC4V 4 Independent Examlnor; Lee Baker FCA Wenn Townsend Chartered Accountsnts 30 Sl Giles. Oxford OX13LE In$uran¢e Broker8: Attend 11-13 Cavendish Square London W1GOAN

League of Frlends ol tho N(rffi•ld Orthopaedlc Centre Annual Report lor th• ya•r •ndfjd 31st M•rch 2024 ObJKts, Offjanlsatlon and A¢tlvltl•s The object of the League of Friends 15 genernty to SUPFrfXt the charliable woth of the Nuffield Orthopaeic Centre. No alterd￿n In Ihe njles (zn aulhorise new objects which are not ¢l￿ritable. The preml8es from whkh the League operates are prO￿ded tr4 the hospital MI fre& The hosp6tal and staff are Ihe ulllmate beneficiaries of the charity. The faciliiies wovKrfed by the League are seen by the hospltal lo be of servi( to pattents. vlsitors and staff ah'ke. No attenyt has b￿1 mad8 io quanufy the value oflhts lacll donatton t￿rdS the League's 0￿rattr￿j costs. The majority ofthe Chwliy's fvnds are raed knm the sale ofrefreshments 8Th5 gcxls sold Ln the shop. together with monles re￿iVed from furrflraisir¥J. legaNes arrfl bequests. other act6vlOe5 and donabons. The Woth of League Is ¢￿d mainty by So￿ 14 ￿￿nteerS vkno prov￿8 a comprehensive shofé arKI assIstsr￿ to pnls In the wards dnics. Day to day •Jmin5stra￿n of Ihe shop 15 deated to pald slaff, wth overridiTrJ deci%ion-maklng by the Trustees. The Trustees rneetevery second mnth to dkncuss Ihe League affa￿s. the requests from the hospital departments for equipment elc. Thère ate appToxlmaW 14 Fe)ple associth Ihe chty. 0fwh￿h 13 are VOI￿16e[S. PubllG Benollt In reviewing the Charity's objecti￿S and 8Ctivitses the Tfuslees have w￿ldered the guidelines lald down by the Charity ComMiss￿n in reiatton to pub]tc benefiL The Tnjstees are of ihe opinion that the Charity's obiecbves arKI a¢bvities we tolaty in aCc(￿nce therewilh. Trustee Appolntment and Trninl Trustees are app￿nted at the Annual General Mtlng, usualty held in June. Nomination$ we made prior to the rneetin9, once the indivldual has o)nfrnd in wrfting, their wilkngnw lo S￿d. Trustees are then fixmally proposed. S￿Ided and voted UP￿ al the meetlThJ tself. Inducknn and training of a new TTuske infornal. moinly rxwered by attendance at meetings where policy decisions are laken, and rnattets ofconcem discussed. The Trustees are 5UPWted by ATfEND (the Charity's Umbrella organiSa￿n> who wovide trainlng cx)urses. Revlèw of Progress and Achlev¢ments The chwity provides medical aTrJ related ewrwnent ty or kn, the various Wdrds and departments of the Nuffield 0)thOpaed￿ Hospital based upon specffic requests made by those wards and departments to ihe B¥Js Committee of the Charity's Trustees. S￿esSfvI Imds are aCt￿￿d as soon as possible, depen(ilng upon the avallabilty ofthe 4UiFrfnenL that have been agreejj butcould not be actioned by the yearryend date are noted as outstandiThJ ¢(mmitinents. Rlsk Management The Trustees have examined Ihe major strat&3r. ￿￿$1)e$s, operal)nal risks Ilwt Ihe Charity fa or may face arKI confirni that systems are in ￿80e lo enable regLdar re￿rtts to be wjduced so that the necessary sleps Can be laken to ￿tigale any such risks. The prinGlpa risks faced by the L*wity are: the hnpaGt of the coronavirus pandemic competllion from cther on411e provKJers of s￿lar 9￿dS a￿1 services and difflculbes in ailracting VO￿nIeer5 Tho Trustees are awrdre of these r￿kS arKI keep the slbjallon under (y￿stant review.

L••guo ol Frl•nd• of th• Nuinold Orthopa•d Contrn Annual ￿POrt lor the y•ar •nd•d 31•t MK¢h 2024 Flnancn and ReJ•rv•• Polky The allached financlal ststements show the Cuffeth stste of fifiar￿s. fftich the Trustees consrder to be sound. The balance shth•ffl on unrestrthd Incon funds amount to f239,65812023.' £164.574).11 15 the pdlcy of the Charthi to mainlaln unrestsided fvnd$, wlch are the free reserves ofthe Charity. ai level whlch malntalns the Chaiity's ¢apat¥lity lo regpofyJ to ￿Y financlal emergefKy. Inv08tments Pollcy Investments are hekl In short and medium tem deposit a¢￿Unts in order lo wovide fiexibifity and ease ot ￿ss. Th8 hlghesl rat8 01 inteRsl Is adk¥ety putsu&l The inve51ment obieclive is to ffi8intaln the purchasing power of Ihe monies untll they are requlred to salw the granl maVing Pr￿e$S. R16k Mangem•nt The Twstees have examlned the strategk. busrness and opwthnal ￿kS vthkh the Charity faces or may fac8, and have ojnfifft￿d that systems affj in place to enable regular Rports to be pmduced, so that necessary steps ¢an be taken to lessen w such ris. Audlt Inforniallon In so far a5 the Twsiees are aware: (a> there Is no relevant awlit inlornialion of I￿h Ihe Ctiarity's extem examlrters are unawa￿. (b> the tnjstees have taken al steps thal they ouglrt to have laken to rrke themselves aware of the relevant audit inf0m￿li0n arnl to establish trot Ihe extemal examiners are aware of that Statoment of Tru$t•es Responslbllllles The Trustees are responsiNe for we￿Ing the report and the fiftwK4al slatement in ac{x￿nCe with the applkable law and UK General Accepled A￿￿untIng Pra¢lhx The Law applicable to charilies in Er¥Jland and Wales require5 the Ttuees to prepare financial ststefflents for each financial year. which glve a Irue and falr View of the Charrty's financial activitles duiing the year and of Its financial po%kn at the and of the ythv. In prepartng those financHI statements. the T￿Slee$ are required to: Select suttable accwrtirtg p(Aks and then ap&ty them consistenty: Make judgements and esfjmates thal are responsible aThJ prudent State whether applicabfe acc4)unting slarklards arKI Statements ofrecommended practice have been followed, subject to any material departures dlsclosed and explained in the ftnancial stslements. Prepare the financial ststements on a 'gOtr￿ concern. basL8 uftless it Is inappropri to pRsume that Ihe Charity VAII continu8 in operatloA. The Twstees we resPon￿b￿ ftK keepkng ￿nI1￿ re(yJrds whkh dlscthe wllh reasonab18 ac(x1￿Y al any tsme the finan(aal posttion olthe Charity and which enabk them to ascertain the financial pJsitlon of the Charity and enable them to ￿SUre that financial statemenls compty with the Charities kt 2011. They are also responsible for safeguardlng the assets of the ch￿Tty and hence laldng reasonable steps tr the prevention and detectN)n d fraud and (Xher rrregulaiitw. On behalf of tho Trustee Board Mr Shaun Mcclarron Ichalmianl ..2024

Ind•pnd•nl Ext•m•l Ex•mln•rn R•yt to tho Tntq•8 cd th• Lowue d Frl•nd• d th• Mwch 2024 ar• 88t (AA (ffi paqes S kn 11. IweFrrts althe CharliBS 2011 (kn AttI. I re¥xyi In rwect of my exThIn￿ oftro chaiy's accounts carried out urKler 145 01 ts N£a and bn ￿ffy¥V￿ Lxrt my exarrthialion I have lolkx%rd ay ts appkabje Dire(￿ the Ctroty CrAnrrith urthr sectK)n 145(5Xb) of the pthl•nt oxamln•rf• •lat•m•nl accounts set wt In tr* Charrtw {P&£￿Trts and Rewxtsl Rw13tM)ns 2(#)8 othw Ihan any L•e Baker FCA Wenn Townsend Chartered Accounl•nl• 30 St Glles Oxford OX13LE 14th !une.2024

The League of Frlends of the Nuffleld Orthopaedlc Centre ststoment ol Flnanclal ACtI￿tIeS For tho Year Endgd 31st March 2024 Notes Unre5trlcted Unrestrlcted Funds Funds 2024 2023 Incomlng Resources Legacle5 & Donallons 8,188 1,804 Actlvities for generntlng funds Investment Incom8 192,900 172.637 6.150 1,781 Total Incomlng Resources 207,238 176,222 Re50ur¢es Expended Charitable actlvitle5 Activilles for genernting fijnds 119,169 117,896 Glfts lo the Nuffield Orthopa8dic Centre 2,490 1.035 Governanoe Costs 10.495 13,622 Total Resources Exponded 132,154 132,553 Net Inwmingl(outgoingl resouKes for the year. balng nel movement in fvnds 75.084 43.669 Total fvnds brought lo￿lard 164,574 120,905 Total Funds carrled fonvard 239,658 164,574

Th• League ol Frl•nds ol lh• Nuffleld Orthop4￿1¢ C•Thlrv eal•nc• She•l as at 31$t Il•rch 2024 CuTTent Assets 2024 2023 2,418 1,484 2.631 10 7.867 Bank deposlls and ¢urNIl ac¢ounl 11 240,159 157.TTS 24061 168,2n Less Currnnt Uabllltl¢s Creditors: AThcwits lally￿ due within one year 12 (4.403) (3.699) Net CuffenlAssets 239.658 164,574 Net Assets 239.658 164,574 ReFYesenbJ ty: Totsl Unrestrlcted Funds 239,658 164,574 These Financial Sl*ments were approved ty Ihe Trustees on .................... 2024 Mf Shaun Mcclarron IChalmiaTrl Jgan Grandl (Tmsurer)

Th• L•￿u• of Frt•nd• of th• Nuffl•ld Ortly••th C•ntT• Not•• lormlnq ol th• Fln•ncl•l SIAt•rn•nl Forlh•yur •nd•d 31st Much 2024 1. Accour￿l￿j Polkl•• la) 8￿¥ ol Pr•p•r4tlon The financwl slalwnents hm be•n preparnd urKler Ihe h151rts•l cosl ro)nvaTrllon 4lh in wrtance lth the Stalen￿1 of Rec¢)mmerthl AfrAAmting R8FQrtlrwJ charl￿ PRPRring thetr a¢wJnts In X¢OTrJance wlth Iho Farw￿l Reptytr4 Stsnda apfftble In Ihe UK arKI Rewtllc ol Ireland (FRS 102) wjed Oclob8r 2019 and Ihe F￿8￿1￿1 Rwting Stsndard applKth In thè Un#•d KYfjd￿ Rewwk ol Irr4d (FRS 1021 and Ihe chari￿5 Acl 2011. Ib) lftcorno and Expendliure The Method olaccountrq Mlh 8 of th• Chath Act 2011. Icl Inv•sknent Income ldl Donatlons IGlfts •lc. I)onal￿nS are ￿rthe￿ li the whth the Ch 1$ ÉTrliW ID r8capL aThJ omi5es are noied kn the anr&RI worL EX[￿diture 15 Induded t)n the aGtnJaLs basL% has been clbsslw urthr haadlngs Ihat The Charty has one single actsvity. 85 detsibj In Ihe Annual RewL Costs renectfrj as expendilures incutTed lo supwt sole athty. fft Stocks Stc¢ks are to the reta'l meiw whereby ￿ &AbJaled gn)ss mwin is (gl Cash Flow stat￿￿nI The charity has taken advantsge of the exwfip￿ fn)m prewir¥J a cash Iltyw stslemenl conlained in the FInar￿la1 Re￿rt1ThJ Slandard No 1. on the gr￿r￿S thalll ￿ a small ¢h8rity Ihl Donaled Servlco5- V¢Aunte8rs No attempt has been made to elawe th8 er￿M￿u$ cthtrthuon m•Je lry w*Jnteers lo the League's OF¢rai￿.

The L•agu• ol Frfends of tho Nufflold Orthopaodlc Cèntrè Not•8 farnilng part of tho Flnanclal Statemonl (contlnu•dl For tho y•ar endèd 316t March 2024 Unrnstrlcled funds 2024 2023 l Legacles and Don¥tlon$ Genernl donations and le9acles 8,188 1.804 Govemmarttgranls receivable 8,188 1,804 3. A¢tlvltles for Ggneratlng Fund8.' 2024 2023 Shop takings 192,900 172,637 Cost of sales 194,794} (87,7681 Gr086 profit 98,106 84,869 FundralslroJ Income 43 818 Shop Salartes (23,1471 130.933) Repairs and raplacemenl equlpmenl {1,271) 113) Net Tradlng lTrcome 73,731 54,741 4. Investment Income 2024 2023 Interest received 6,150 1,781 5. Charltablè Actlvltles 2024 2023 Glfts to the Nuffield Orlhopaedic Centre (Noto 14) 1,035

Th• L••gu8 of Frf•nd• of the Nuffleld Orth0p￿d1c C•nlr• Noi8* fornilng wrt of tho Flnanelal StJt•m•nl (cortlThu•d) For th• year ended 31st Mwch 20 6. Govemance and othgr Costs 2024 2023 dmln 4257 Insurartce 2,437 121 Independent Exarnination 800 Other accountancy support Depreciation 1,200 45 Bank Charges 1.632 5.101 Total 10,495 13,622 7. Staff Costs 2024 2023 Number ol Number of staff The average number of employee5 (all of whom were part-tbme) 2024 2023 The angtysis Of￿$1 15 as lollows.. Wages, salarres and social $￿Vrity costs. 23,147 30,933 No remuneratson was paid lo any Tnjslee during the yearand no employee re￿IVed remunerdtson in excess of £60,000 pa. Occasional, low Value. ￿1mbur5eMents are made to Trustees In respect of expenses Incurred on behalf of the Charity. B. Stock 2024 2023 Stock of goods for sal 1,484 2,631

Tho League of Frlends of thg Nufflold OrthopJ•dlc Centre Notes fornilng part of th• Fln•ncl41 Statsment {contlnuodl For the yw onded 31st March 2024 9. Dobto 2024 2023 VAT 7,867 7,867 10. Cash at Bank and In Hand 2024 2023 Bank current account and cash In hand 60,159 47.775 COIF Charitie5 deposlt account 180,000 110.(KJO 240,159 157,775 11. Cradltors: Amounts falllng.due In Ong year 2024 2023 Trdde creditorE 1,180 VAT 491 Accruals 2,000 2,000 Tax81ion and so¢ial security 1.912 519 4403 3,699 12. Contlngent LiabllliloB and Commltrnents In Ihe opNiion of the Trustees, there were no conlngent liatrAI'lles al 31$1 March 2024. 10

Thè Leagu• of Frlonds of tha Nuffleld Orthopatdl¢ Contro Noto8 forn)Ing part of thg Flnanclal Statement {ctsntlnuod) For tho yoar ondgd 31st March 2024 13. Hlstorlc Summary Total @ 0110412023 Year to 3110312024 Total @ 3110312024 Unro$trl¢tsd Funds Monles rdised 1,798.764 88,069 1.886.833 Governance costs (287,431) 110,495) (297.9261 1.511,333 77,574 1,588,907 MonSes gifted to the hospltal {1.346,759) 12,490) (1,349,249) Unr8Strlct8d Funds carrl8d fonvard 164,574 75,084 239,658 14. Change of charftable status and transfernf funds Itwas Ihe decision of the Trustees and those present at the 2015 AGM, that the League of Frfends of Ihe Nuffield Orthopaedlc Centre change their organisation from a Trustee lead organlsalion to a Charitable InGoTporaled Organisation ICIOI. Following the guidance setout by the Chanty Commlssion. thls process was completed in March 2017. The Char6ty Commissloners were satlsfied that THE LEAGUE OF FRIENDS OF THE NUFFIELD ORTHOPAEDIC CENTRE is a charity and it has b8er¢ entered onto the Register of Charilies with the Registered Charity Number 1165880. Charftios C¢xnmlsslon doclslon wordlng The decision to registerwas basedon ouras58ssmenl of the Info￿all0n SUppl￿dUring Ihe application process and rhe declarations given in the Iwstee de¢l8ralion lo￿ 8nd we are satiSf￿d Ihal THE LEAGUE OF FRIENDS OF THE NUFFIELD ORTHOPAEDIC CENTRE is established for ¢harilabl8 purposes only for Ihe public benefil. 11

Leagu• ol Frfends of tha Nuffleld Ordwlc Centrn Nuffleld ortI￿paedk Cwtro H•adlngton Oxford Charfty Numbor 1165880 Flnanclal Stat￿l•n￿ for tho year •nd•d 31st Ma￿h 2024

League of Frlgnds of the Nuffléld Orthopaedlc Centra Annual, Report for tho year ended 3181 March 2024 The Trustees present thelr Report f￿ Ihe year 6rKled 31st March 2024. Leg•1 and Admlnlstratlvo Dalalls The League of Friends is eonsliluted by the rules adopted al its inaugwal m8eting In 1984, and subject lo arnendmenl ty membgrs 8t ganetal me8tkngs. The League was reglslered with the Charity Commissioners under Charity Number 264276. On 27th February 2017 they became a Charflable In¢orporated Organlsabon. The Truslee B08rd who served durfng the year and who are responsltle for the m￿ageMent of the League's business are as follows: Mr Shaun Mcclarron Mrg Jean Grandl Chaimian Treasurer Dr Davld HendersoTrSlater Ms Ka￿n Barker Ms Penny Bllney Ms Gall Thomas Mryoussef Sida (appolnted 22nd August 2023) Bankers: National Weslminster Bank F4c 91 London Road He•Jington Oxtord OX3 9AE COIF Charity Deposlt Fund 85 Queen Victorta Street London EC4V 4 Independent Examlnor; Lee Baker FCA Wenn Townsend Chartered Accountsnts 30 Sl Giles. Oxford OX13LE In$uran¢e Broker8: Attend 11-13 Cavendish Square London W1GOAN

League of Frlends ol tho N(rffi•ld Orthopaedlc Centre Annual Report lor th• ya•r •ndfjd 31st M•rch 2024 ObJKts, Offjanlsatlon and A¢tlvltl•s The object of the League of Friends 15 genernty to SUPFrfXt the charliable woth of the Nuffield Orthopaeic Centre. No alterd￿n In Ihe njles (zn aulhorise new objects which are not ¢l￿ritable. The preml8es from whkh the League operates are prO￿ded tr4 the hospital MI fre& The hosp6tal and staff are Ihe ulllmate beneficiaries of the charity. The faciliiies wovKrfed by the League are seen by the hospltal lo be of servi( to pattents. vlsitors and staff ah'ke. No attenyt has b￿1 mad8 io quanufy the value oflhts lacll donatton t￿rdS the League's 0￿rattr￿j costs. The majority ofthe Chwliy's fvnds are raed knm the sale ofrefreshments 8Th5 gcxls sold Ln the shop. together with monles re￿iVed from furrflraisir¥J. legaNes arrfl bequests. other act6vlOe5 and donabons. The Woth of League Is ¢￿d mainty by So￿ 14 ￿￿nteerS vkno prov￿8 a comprehensive shofé arKI assIstsr￿ to pnls In the wards dnics. Day to day •Jmin5stra￿n of Ihe shop 15 deated to pald slaff, wth overridiTrJ deci%ion-maklng by the Trustees. The Trustees rneetevery second mnth to dkncuss Ihe League affa￿s. the requests from the hospital departments for equipment elc. Thère ate appToxlmaW 14 Fe)ple associth Ihe chty. 0fwh￿h 13 are VOI￿16e[S. PubllG Benollt In reviewing the Charity's objecti￿S and 8Ctivitses the Tfuslees have w￿ldered the guidelines lald down by the Charity ComMiss￿n in reiatton to pub]tc benefiL The Tnjstees are of ihe opinion that the Charity's obiecbves arKI a¢bvities we tolaty in aCc(￿nce therewilh. Trustee Appolntment and Trninl Trustees are app￿nted at the Annual General Mtlng, usualty held in June. Nomination$ we made prior to the rneetin9, once the indivldual has o)nfrnd in wrfting, their wilkngnw lo S￿d. Trustees are then fixmally proposed. S￿Ided and voted UP￿ al the meetlThJ tself. Inducknn and training of a new TTuske infornal. moinly rxwered by attendance at meetings where policy decisions are laken, and rnattets ofconcem discussed. The Trustees are 5UPWted by ATfEND (the Charity's Umbrella organiSa￿n> who wovide trainlng cx)urses. Revlèw of Progress and Achlev¢ments The chwity provides medical aTrJ related ewrwnent ty or kn, the various Wdrds and departments of the Nuffield 0)thOpaed￿ Hospital based upon specffic requests made by those wards and departments to ihe B¥Js Committee of the Charity's Trustees. S￿esSfvI Imds are aCt￿￿d as soon as possible, depen(ilng upon the avallabilty ofthe 4UiFrfnenL that have been agreejj butcould not be actioned by the yearryend date are noted as outstandiThJ ¢(mmitinents. Rlsk Management The Trustees have examined Ihe major strat&3r. ￿￿$1)e$s, operal)nal risks Ilwt Ihe Charity fa or may face arKI confirni that systems are in ￿80e lo enable regLdar re￿rtts to be wjduced so that the necessary sleps Can be laken to ￿tigale any such risks. The prinGlpa risks faced by the L*wity are: the hnpaGt of the coronavirus pandemic competllion from cther on411e provKJers of s￿lar 9￿dS a￿1 services and difflculbes in ailracting VO￿nIeer5 Tho Trustees are awrdre of these r￿kS arKI keep the slbjallon under (y￿stant review.

L••guo ol Frl•nd• of th• Nuinold Orthopa•d Contrn Annual ￿POrt lor the y•ar •nd•d 31•t MK¢h 2024 Flnancn and ReJ•rv•• Polky The allached financlal ststements show the Cuffeth stste of fifiar￿s. fftich the Trustees consrder to be sound. The balance shth•ffl on unrestrthd Incon funds amount to f239,65812023.' £164.574).11 15 the pdlcy of the Charthi to mainlaln unrestsided fvnd$, wlch are the free reserves ofthe Charity. ai level whlch malntalns the Chaiity's ¢apat¥lity lo regpofyJ to ￿Y financlal emergefKy. Inv08tments Pollcy Investments are hekl In short and medium tem deposit a¢￿Unts in order lo wovide fiexibifity and ease ot ￿ss. Th8 hlghesl rat8 01 inteRsl Is adk¥ety putsu&l The inve51ment obieclive is to ffi8intaln the purchasing power of Ihe monies untll they are requlred to salw the granl maVing Pr￿e$S. R16k Mangem•nt The Twstees have examlned the strategk. busrness and opwthnal ￿kS vthkh the Charity faces or may fac8, and have ojnfifft￿d that systems affj in place to enable regular Rports to be pmduced, so that necessary steps ¢an be taken to lessen w such ris. Audlt Inforniallon In so far a5 the Twsiees are aware: (a> there Is no relevant awlit inlornialion of I￿h Ihe Ctiarity's extem examlrters are unawa￿. (b> the tnjstees have taken al steps thal they ouglrt to have laken to rrke themselves aware of the relevant audit inf0m￿li0n arnl to establish trot Ihe extemal examiners are aware of that Statoment of Tru$t•es Responslbllllles The Trustees are responsiNe for we￿Ing the report and the fiftwK4al slatement in ac{x￿nCe with the applkable law and UK General Accepled A￿￿untIng Pra¢lhx The Law applicable to charilies in Er¥Jland and Wales require5 the Ttuees to prepare financial ststefflents for each financial year. which glve a Irue and falr View of the Charrty's financial activitles duiing the year and of Its financial po%kn at the and of the ythv. In prepartng those financHI statements. the T￿Slee$ are required to: Select suttable accwrtirtg p(Aks and then ap&ty them consistenty: Make judgements and esfjmates thal are responsible aThJ prudent State whether applicabfe acc4)unting slarklards arKI Statements ofrecommended practice have been followed, subject to any material departures dlsclosed and explained in the ftnancial stslements. Prepare the financial ststements on a 'gOtr￿ concern. basL8 uftless it Is inappropri to pRsume that Ihe Charity VAII continu8 in operatloA. The Twstees we resPon￿b￿ ftK keepkng ￿nI1￿ re(yJrds whkh dlscthe wllh reasonab18 ac(x1￿Y al any tsme the finan(aal posttion olthe Charity and which enabk them to ascertain the financial pJsitlon of the Charity and enable them to ￿SUre that financial statemenls compty with the Charities kt 2011. They are also responsible for safeguardlng the assets of the ch￿Tty and hence laldng reasonable steps tr the prevention and detectN)n d fraud and (Xher rrregulaiitw. On behalf of tho Trustee Board Mr Shaun Mcclarron Ichalmianl ..2024

Ind•pnd•nl Ext•m•l Ex•mln•rn R•yt to tho Tntq•8 cd th• Lowue d Frl•nd• d th• Mwch 2024 ar• 88t (AA (ffi paqes S kn 11. IweFrrts althe CharliBS 2011 (kn AttI. I re¥xyi In rwect of my exThIn￿ oftro chaiy's accounts carried out urKler 145 01 ts N£a and bn ￿ffy¥V￿ Lxrt my exarrthialion I have lolkx%rd ay ts appkabje Dire(￿ the Ctroty CrAnrrith urthr sectK)n 145(5Xb) of the pthl•nt oxamln•rf• •lat•m•nl accounts set wt In tr* Charrtw {P&£￿Trts and Rewxtsl Rw13tM)ns 2(#)8 othw Ihan any L•e Baker FCA Wenn Townsend Chartered Accounl•nl• 30 St Glles Oxford OX13LE 14th !une.2024

The League of Frlends of the Nuffleld Orthopaedlc Centre ststoment ol Flnanclal ACtI￿tIeS For tho Year Endgd 31st March 2024 Notes Unre5trlcted Unrestrlcted Funds Funds 2024 2023 Incomlng Resources Legacle5 & Donallons 8,188 1,804 Actlvities for generntlng funds Investment Incom8 192,900 172.637 6.150 1,781 Total Incomlng Resources 207,238 176,222 Re50ur¢es Expended Charitable actlvitle5 Activilles for genernting fijnds 119,169 117,896 Glfts lo the Nuffield Orthopa8dic Centre 2,490 1.035 Governanoe Costs 10.495 13,622 Total Resources Exponded 132,154 132,553 Net Inwmingl(outgoingl resouKes for the year. balng nel movement in fvnds 75.084 43.669 Total fvnds brought lo￿lard 164,574 120,905 Total Funds carrled fonvard 239,658 164,574

Th• League ol Frl•nds ol lh• Nuffleld Orthop4￿1¢ C•Thlrv eal•nc• She•l as at 31$t Il•rch 2024 CuTTent Assets 2024 2023 2,418 1,484 2.631 10 7.867 Bank deposlls and ¢urNIl ac¢ounl 11 240,159 157.TTS 24061 168,2n Less Currnnt Uabllltl¢s Creditors: AThcwits lally￿ due within one year 12 (4.403) (3.699) Net CuffenlAssets 239.658 164,574 Net Assets 239.658 164,574 ReFYesenbJ ty: Totsl Unrestrlcted Funds 239,658 164,574 These Financial Sl*ments were approved ty Ihe Trustees on .................... 2024 Mf Shaun Mcclarron IChalmiaTrl Jgan Grandl (Tmsurer)

Th• L•￿u• of Frt•nd• of th• Nuffl•ld Ortly••th C•ntT• Not•• lormlnq ol th• Fln•ncl•l SIAt•rn•nl Forlh•yur •nd•d 31st Much 2024 1. Accour￿l￿j Polkl•• la) 8￿¥ ol Pr•p•r4tlon The financwl slalwnents hm be•n preparnd urKler Ihe h151rts•l cosl ro)nvaTrllon 4lh in wrtance lth the Stalen￿1 of Rec¢)mmerthl AfrAAmting R8FQrtlrwJ charl￿ PRPRring thetr a¢wJnts In X¢OTrJance wlth Iho Farw￿l Reptytr4 Stsnda apfftble In Ihe UK arKI Rewtllc ol Ireland (FRS 102) wjed Oclob8r 2019 and Ihe F￿8￿1￿1 Rwting Stsndard applKth In thè Un#•d KYfjd￿ Rewwk ol Irr4d (FRS 1021 and Ihe chari￿5 Acl 2011. Ib) lftcorno and Expendliure The Method olaccountrq Mlh 8 of th• Chath Act 2011. Icl Inv•sknent Income ldl Donatlons IGlfts •lc. I)onal￿nS are ￿rthe￿ li the whth the Ch 1$ ÉTrliW ID r8capL aThJ omi5es are noied kn the anr&RI worL EX[￿diture 15 Induded t)n the aGtnJaLs basL% has been clbsslw urthr haadlngs Ihat The Charty has one single actsvity. 85 detsibj In Ihe Annual RewL Costs renectfrj as expendilures incutTed lo supwt sole athty. fft Stocks Stc¢ks are to the reta'l meiw whereby ￿ &AbJaled gn)ss mwin is (gl Cash Flow stat￿￿nI The charity has taken advantsge of the exwfip￿ fn)m prewir¥J a cash Iltyw stslemenl conlained in the FInar￿la1 Re￿rt1ThJ Slandard No 1. on the gr￿r￿S thalll ￿ a small ¢h8rity Ihl Donaled Servlco5- V¢Aunte8rs No attempt has been made to elawe th8 er￿M￿u$ cthtrthuon m•Je lry w*Jnteers lo the League's OF¢rai￿.

The L•agu• ol Frfends of tho Nufflold Orthopaodlc Cèntrè Not•8 farnilng part of tho Flnanclal Statemonl (contlnu•dl For tho y•ar endèd 316t March 2024 Unrnstrlcled funds 2024 2023 l Legacles and Don¥tlon$ Genernl donations and le9acles 8,188 1.804 Govemmarttgranls receivable 8,188 1,804 3. A¢tlvltles for Ggneratlng Fund8.' 2024 2023 Shop takings 192,900 172,637 Cost of sales 194,794} (87,7681 Gr086 profit 98,106 84,869 FundralslroJ Income 43 818 Shop Salartes (23,1471 130.933) Repairs and raplacemenl equlpmenl {1,271) 113) Net Tradlng lTrcome 73,731 54,741 4. Investment Income 2024 2023 Interest received 6,150 1,781 5. Charltablè Actlvltles 2024 2023 Glfts to the Nuffield Orlhopaedic Centre (Noto 14) 1,035

Th• L••gu8 of Frf•nd• of the Nuffleld Orth0p￿d1c C•nlr• Noi8* fornilng wrt of tho Flnanelal StJt•m•nl (cortlThu•d) For th• year ended 31st Mwch 20 6. Govemance and othgr Costs 2024 2023 dmln 4257 Insurartce 2,437 121 Independent Exarnination 800 Other accountancy support Depreciation 1,200 45 Bank Charges 1.632 5.101 Total 10,495 13,622 7. Staff Costs 2024 2023 Number ol Number of staff The average number of employee5 (all of whom were part-tbme) 2024 2023 The angtysis Of￿$1 15 as lollows.. Wages, salarres and social $￿Vrity costs. 23,147 30,933 No remuneratson was paid lo any Tnjslee during the yearand no employee re￿IVed remunerdtson in excess of £60,000 pa. Occasional, low Value. ￿1mbur5eMents are made to Trustees In respect of expenses Incurred on behalf of the Charity. B. Stock 2024 2023 Stock of goods for sal 1,484 2,631

Tho League of Frlends of thg Nufflold OrthopJ•dlc Centre Notes fornilng part of th• Fln•ncl41 Statsment {contlnuodl For the yw onded 31st March 2024 9. Dobto 2024 2023 VAT 7,867 7,867 10. Cash at Bank and In Hand 2024 2023 Bank current account and cash In hand 60,159 47.775 COIF Charitie5 deposlt account 180,000 110.(KJO 240,159 157,775 11. Cradltors: Amounts falllng.due In Ong year 2024 2023 Trdde creditorE 1,180 VAT 491 Accruals 2,000 2,000 Tax81ion and so¢ial security 1.912 519 4403 3,699 12. Contlngent LiabllliloB and Commltrnents In Ihe opNiion of the Trustees, there were no conlngent liatrAI'lles al 31$1 March 2024. 10

Thè Leagu• of Frlonds of tha Nuffleld Orthopatdl¢ Contro Noto8 forn)Ing part of thg Flnanclal Statement {ctsntlnuod) For tho yoar ondgd 31st March 2024 13. Hlstorlc Summary Total @ 0110412023 Year to 3110312024 Total @ 3110312024 Unro$trl¢tsd Funds Monles rdised 1,798.764 88,069 1.886.833 Governance costs (287,431) 110,495) (297.9261 1.511,333 77,574 1,588,907 MonSes gifted to the hospltal {1.346,759) 12,490) (1,349,249) Unr8Strlct8d Funds carrl8d fonvard 164,574 75,084 239,658 14. Change of charftable status and transfernf funds Itwas Ihe decision of the Trustees and those present at the 2015 AGM, that the League of Frfends of Ihe Nuffield Orthopaedlc Centre change their organisation from a Trustee lead organlsalion to a Charitable InGoTporaled Organisation ICIOI. Following the guidance setout by the Chanty Commlssion. thls process was completed in March 2017. The Char6ty Commissloners were satlsfied that THE LEAGUE OF FRIENDS OF THE NUFFIELD ORTHOPAEDIC CENTRE is a charity and it has b8er¢ entered onto the Register of Charilies with the Registered Charity Number 1165880. Charftios C¢xnmlsslon doclslon wordlng The decision to registerwas basedon ouras58ssmenl of the Info￿all0n SUppl￿dUring Ihe application process and rhe declarations given in the Iwstee de¢l8ralion lo￿ 8nd we are satiSf￿d Ihal THE LEAGUE OF FRIENDS OF THE NUFFIELD ORTHOPAEDIC CENTRE is established for ¢harilabl8 purposes only for Ihe public benefil. 11