## **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
Orthopaei*c 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 ra*ed knm the sale ofrefreshments 8Th5 gc*xls 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
sho*fé arKI assIstsr￿ to p*nls In the wards dnics.
Day to day •Jmin5stra￿n of Ihe shop 15 de*ated 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 M*tlng, usualty held in June. Nomination$ we made
prior to the rneetin9, once the indivldual has o)nfrn*d 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$, w*lch are the free reserves ofthe Charity. ai
level whlch malntalns the Chaiity's ¢apat¥lity lo regpofyJ to ￿Y financlal emergefKy.
Inv08tments Pollcy
Investments are hekl In short and medium tem deposit a¢￿Unts in order lo wovide fiexibifity and ease
ot ￿ss. Th8 hlghesl rat8 01 inteRsl Is adk¥ety putsu&l The inve51ment obieclive is to ffi8intaln the
purchasing power of Ihe monies untll they are requlred to salw the granl maVing Pr￿e$S.
R16k Man*gem•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 ri*s.
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 rr*ke themselves aware of
the relevant audit inf0m￿li0n arnl to establish trot Ihe extemal examiners are aware of that
Statoment of Tru$t•es Responslbllllles
The Trustees are responsiNe for we￿Ing the report and the fiftwK4al slatement in ac{x￿nCe
with the applkable law and UK General Accepled A￿￿untIng Pra¢lhx
The Law applicable to charilies in Er¥Jland and Wales require5 the Ttu*ees to prepare financial
ststefflents for each financial year. which glve a Irue and falr View of the Charrty's financial activitles
duiing the year and of Its financial po%kn at the and of the ythv. In prepartng those financHI
statements. the T￿Slee$ are required to:
Select suttable accwrtirtg p(Ak*s 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 Tn*tq•8 cd th• Lowue d Frl•nd• d th•
Mwch 2024 ar• 88t (AA (ffi paqes S kn 11.
IweFr*rts althe CharliBS 2011 (kn AttI.
I re¥xyi In rwect of my ex*ThIn￿ oftro chai*y'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 Ir*r4d
(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
Orthopaei*c 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 ra*ed knm the sale ofrefreshments 8Th5 gc*xls 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
sho*fé arKI assIstsr￿ to p*nls In the wards dnics.
Day to day •Jmin5stra￿n of Ihe shop 15 de*ated 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 M*tlng, usualty held in June. Nomination$ we made
prior to the rneetin9, once the indivldual has o)nfrn*d 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$, w*lch are the free reserves ofthe Charity. ai
level whlch malntalns the Chaiity's ¢apat¥lity lo regpofyJ to ￿Y financlal emergefKy.
Inv08tments Pollcy
Investments are hekl In short and medium tem deposit a¢￿Unts in order lo wovide fiexibifity and ease
ot ￿ss. Th8 hlghesl rat8 01 inteRsl Is adk¥ety putsu&l The inve51ment obieclive is to ffi8intaln the
purchasing power of Ihe monies untll they are requlred to salw the granl maVing Pr￿e$S.
R16k Man*gem•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 ri*s.
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 rr*ke themselves aware of
the relevant audit inf0m￿li0n arnl to establish trot Ihe extemal examiners are aware of that
Statoment of Tru$t•es Responslbllllles
The Trustees are responsiNe for we￿Ing the report and the fiftwK4al slatement in ac{x￿nCe
with the applkable law and UK General Accepled A￿￿untIng Pra¢lhx
The Law applicable to charilies in Er¥Jland and Wales require5 the Ttu*ees to prepare financial
ststefflents for each financial year. which glve a Irue and falr View of the Charrty's financial activitles
duiing the year and of Its financial po%kn at the and of the ythv. In prepartng those financHI
statements. the T￿Slee$ are required to:
Select suttable accwrtirtg p(Ak*s 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 Tn*tq•8 cd th• Lowue d Frl•nd• d th•
Mwch 2024 ar• 88t (AA (ffi paqes S kn 11.
IweFr*rts althe CharliBS 2011 (kn AttI.
I re¥xyi In rwect of my ex*ThIn￿ oftro chai*y'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 Ir*r4d
(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