Loaguo of Friends of thg Nuffield Orthopaedlc Centre Nuffield Orthopa•dlc Centre Headinglon Oxford Charity Number 1165880 Flnanclal Slaloments for th• y•ar •nd•d 31sl Mah 2025
League of Frl¢nds of the Nulfièld Orthopaedlc Centre Annual Report for thè year &nd•d 31st March 2025 The Twsl88s present their Report for the year eTrJed 31st March 2025. Legal and Adminl$trative Detail* The League of Friends is constiiut8d by the rules adopted at its Inaugural meetlng in 1964, and subject to amandmenl by members at general meelings. The Leagu8 was registered with the Charity Commissioners under Charity Numbgr 264276. On 27th February 2017 they became a Ch8ritsble IncA)rporated Organi58tion. The Trustee Board who served during the year and who are responsible for the managemont of th8 Lga9ue's business are as follows.. Chaiman Treasurer Mr Shaun Mcclarron Mrs Jean Grandi Mr Antony Pick lappolnled 15 June 20241 Ms Karen Barker Ms Penny Bilney Ms Gail Thomas Bank•r¥: National Westminster Bank pl 91 London Road Headinglon Oxford OX3 9AE COIF Ch8rity Deposit Fund 85 Queen Victoria Street London EC4V 4ET Indopgnd•rrt Examln•r. Lee Baker FCA Wenn T¢Mnsend Chartered Accountsnts 30 St Giles, Oxfor(I OX1 3LE Insuranc• Brokers: Attend 11-13 Caverbdish Squore London W1GOAN
Leagu¢ of Frlonds of the Nuffield Orthopaedic Centr¢ Annual Rgport for the year ondod 31st March 2025 Objects. Organlsatlon and ActivltSes The object of the League of Friends is generally to SUPPLN1 th8 charitable work of the Nuffield Orthopaedic Centre. No alteration in Ihe ruth can authorise new objects which are not charitable. The premises from which the League operates are provHled by the hospital rent free. The hospital and staff are the ultimate benefiaaries of the charity. The facilities provided by the League are seen by the hospital lo of seNi¢e lo patients, vi5iiors and staff alike. No attempt has been ma(le to quantify the value of this lacil donation towards the League's operating costs. The malorbly of the Charfty's lunds are ralsed from the sale of refreshments and goods sold in the shop. together with monies received from fundraising. legacies and bequests. other activllies and donations. Th8 work of th6 League is carried out mainly by som8 14 volunteers who provide a comprehensivè shoplcafé and assistsnce lo patients in Ihe wards and dinics. Day lo day administration of the shop is delegated to pahl staff, with overriding decision-makn'ng by th& Trustees. Th8 Trustees ma&t aV8ry secorKI month lo discuss the Lèague affairs, Indudlng the raquests from th8 hospital depaTtments for equipment etc. There are approximately 22 P90p ass(Kiated with the chanty. of whlch 17 are volunlears. Publ1¢ B8nefSt In reVIeng the Charlty's obledves and actfvllles the Trustèes have considered thè guidelines lald down by the Charity Commission in relation to publi¢ benefft. The Twstees are of the oplnion that th& Charity's objectlves and activilies are totally In accordance therewlth. Tnlsto• Appolntm•nt and TraSnlng Trustèes are appointed 01 the Annual General Meeting. usually held in June. Nomin81ions are mad8 prior to the meeting, onco the individual has confimigd in wrillng, their willingness to Stand. Tru5188s arè then formally proposed, seconded and voted upon at the meeting itself. Induction and Iralning of a new Trustee is Infonngl. mainly covered by attendance at m88llngs whare policy decisions are taken. and matters of eoncem discussed. The Trustees are 5UPPOrted by ATTEND (the charity's UmbrelL8 organisatnI who providti trainlng courses. Ravlow of Progress and A¢hI•V•n1s The ¢harity provides medical and related equipment lo, or for. the varlovs ward5 and departments of the Nuffield Orthopaeijic Hospital based upon specific requests mad8 by those wards and departments to tho Blds Committee of the Charfty's Twstees. Successfvl bids ar8 aclioned as soon as possiblg, depending upon the availability of the equipment. Bids that have been agreed bul could not be aclioned by the year-end dale are noted as outstanding commilments. Rlsk Management The Trustees have examined the m8lor strategic, businèss. and cwerational risks thatthe Charity faces or may foce and confimi that systems are in place lo enablg rogular reports to be produ¢*d so that the necessary steps be taken to Mgate any such risks. The principal risk5 faced by the ch8rity are= the impact of another coronavirus pandemic competition from other on-site providers of similar goods and services and drfFi¢ulties in attracting volunteers The Trustees are aware of these risks and keep the siluation under o)nstant review.
Lgague of Frlend$ of the Nurneld Orthopa8dic Centre Annual Roport for the yèar •nd•d 31st March 2025 Fln•ncos and Reser¥•s Pollcy The attached financial statements show the current state of finances. which the Trustees consider lo be sound. The balance shown on unrestricted income ftjnds amount lo £314.27012024.' £239,658). It is the policy of the Charity to maintsin unrestricted funds. %thich are the free reserve5 of the Charity, at a lev81 which maintains the Charity's ¢apabilty to respond to any financial emergency. Investments Pollcy Investments are held in short and medium temi deposit acxounls in order to providè flexibility and ease of access. The highest rale of intorest is act5vely pursued. The investsnent objeclNe is to maintaln the purchaslng pow8r of the monies unlil they are required lo satisfy the grant making process. Rlsk Management The Trustees have examin8d th8 major strategic, busin8s5 and oparalional risks which the Charity faces or may fac8, and have confirmed that systems are in place to enable regular reports to be produced, so that necessary steps can b8 taken to lessen any such risks. Audlt Informatl¢)n In 80 far as the Trustees are aware- la) there Is no relevant audit infomalK)n of whbch the Charity's exlemal &xaminers are unaw8re', Ibl thè InJ8lees have taken all slep$ that they ought lo have tskan to make themselves aware of the relevant audll Information arKI lo eslablish that the exlemal examSners are aware of that Information. Statomgnt of Tru8to08 R•sponslbilltl•B The Tru51ees ar8 resw)nsible for preparing the annual report and the finandal statement In accordance th the applicable law and UK Ganeral Accepted Accounting Practice. Tho Law applicable lo charities in Englantj and Wales requires the Trustees lo prepare financS81 slalem9nls for each financial year, which gNe a true and fair view of the Charity's financlal activities during the year and of its financial position 81 the end of th8 year. In pr8P8ring Ihosfr financial slaternenls, the Trustees 8re required lo.. Select suilablg accounting policies and then apply them consislenlly; Make judgements and eslimales that ar8 responsible and prudent: St8le whether applicable accounting standar(Is and slalements of recommended practice hava been followed, subject to any malerial dep8rtur8s disclosed and explained irs thg financial stalem8nts', Prepare the financial statements on 8 'going concem. bgSi8 unles8 il Is inapproprlate lo presume that the Charity will continue In operation. The Trustees are sponsible for keeping accounting records which disdose with re8sonable accuracy at any tim8 the financial posttion of the Charity and which onable them lo ascertain the financial posrtion of the Charity and enable them lo ensure that financial stslements comply wtlh the Charities Act 2011. They are also responsible for safeguarding the assets of the Charity and hence taking reasonable steps for the prfjvenlion and deteCn of fraud and other irregularities. On behalf of th Trust00 Board Mr Shaun Mcclarron (Chaimian) ..2025
Independant External Examlnors Report to the Trustees of thè Lèague of Friends of the Nuffl*ld Orthopaedlc C•ntre tor the yoar •ndod 31st March 2025 I report lo the charity tTUStees on my examination of the accounts of the charity for the year ended 3151 March 2025 which are set out on pag&s 5 to 11. R•spon$lbllltlo$ and basls of report As the charity's tTusts8s you are responslble for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ACYI. I r8POrt in resp8ct of my examinalh)n of the charity's accounts carried out undef section 145 of the Act and in cary¢ng OLrt my examination I have followed all the applicable Direclions given by the Charfty Commlssion under section 145{5llbl of the Act. Indoynd•nt oxamln•rfs statThnt I h8ve completsd my exarnination. I confm) that no material matters have como to my attention in connection with Ihg examination giving me cause lo believe Ihat in any materlal respect.. accounting records were not kept in resFeCt of the charity os required by seclbn 130 of the Act., or the accounts do not accord with those records: or th8 accounts do not comply with the applicabl8 requlr•ments conceming trbe fom and contanl of accounts sel out In the Charities {Accounts and Reportsl Regulations 2008 other than any requlrement that th8 accounts give a 'tNe and fair vw, which 18 not a matter considered as part of an independent gxaminalion. I have no concgms and have corne across no other matters in connection wllh the examlnatlon lo whlch attention should be drawn in this report in order to enable a proper undarstsndlng of the aOunts lo b8 reached. L•• 8ak•r FCA Wgnn Town88nd Chart•r•d Accountsnts 30 St GII•s Oxford OX13LE ..2025
The League of Frlends of the Nuffield Orthopaedic Centre Slatsm•nt of Flnan¢lal Actlvitles For the Year Ended 31st March 2025 Not Unr•$trf¢tod Unre6tr1¢t•d Funds Funds 2025 2024 Incomlng Rosourcos Legacies & Donations 3.877 8.188 ActNilbeS for generatlng furKIs 202,807 192,900 Investmgnl income 9.186 6,150 Total Incomlng R•$ource• 215.870 207,238 Rosourcos Exp•nd•d Charltable actl¥ftl•• Activi118s for generating funds 120.691 119.189 Gifts to the Nuffiold Orth0pa8d Centre 10.010 2,490 Governancg Costs 10.557 10.495 Total R•sourc•8 Exptndod 141.258 132,154 Nel incominglloutgolngl resources for the year, beiThJ net movomfjnt in funds 74,612 75,084 Total funds brought forw8rd 239,658 164,574 Total Funds carrl•d forward 314,270 239,658
The Loague of Frfend5 of tho Nuffield Orthopaedic Centro Balance Sh•ot as at 31st March 2025 Current A65et$ Notts 2025 2024 Fixeij assets 3.251 2,418 Slo¢k 1.544 1,484 Bank depo81ts and Current 8ccounl 314,267 240,159 319,062 244,061 Lass Current Llabilitlei Creditors.. Amounts falling due wilhin one year 10 (4,7921 {4,4031 Nel Current Assols 314.270 239,658 Net Assets 314,270 239,658 Represgnl8d by: Total Unr•8trl¢tsd Fund8 314,270 239.658 These Finan ial Statements were approved by the Truste88 on ........ . 2025 Mr Shaun Mcclarron Ichalrman) Mr8 Jean Grandl (Troasurer)
The League of Fwlends of tho Nuffield Orthopaedic Centre Notes forrnlng part of the Flnanclal Stst8m•nt For the yoar ended 31st March 202S 1. Accounting Policies {a) BaJls of Preparatlon The financial staternents have be&n prepared under the hi5tori¢al cost convention with items recognised at cost or transaction value. The ffinancial slalements have been prepared in accordance with the Statement of Recommended Practice= Aco)unling and Reporting by Charlties preparing their accounts In accordance th the Financial Reporting Standard applicable in the UK and Republic of Ir8land IFRS 1021 issued Octobèr 2D19 and the Flnancial Reporting Slandard applicable in Ihe United Kingdom and Republic of Ireland IFRS 1021 and the Charities Acl 2011. (bl Income and Exyndltur• The Charity prepares its accounts on an accruals basis, with adjustrnents being made for trade creditors and debtors, where the LbfKl8rfying oxp8nditure or income proFerty relates to the accounting p8ri0d. Tho method of awunting conforms with Part 8 of the Chart88 Acl 2011. Ic) Inv•$tment Income Investmonl incorne 18 accounted for 88 receNablg. Idl Donatlons IGlfts 8tc. Donations are recorded in the perl(xl in which the Chonty is entitled to receipt. Gifts and promises are noted in the annual repcvt. (•) Rasources Exp•nd•d Expenditure is In¢lL8 on the accnjals basis and has been classrfled under hgadings that aggregate all costs related lo the category. The Charity has ono slngle athKy. as detsllad In the Annual RerK)rt. C051s rèflected as Govemanc8 Costs in these financial slatemon15 are essontialty compliance costs , plus those expenditur88 incurrod to support tho sole actbvIIy. lfj Stocks Stocks are v8lued according lo the retall method, whgreby an evaluated gross margin is deducted from the selling prlcè lo derive c05L {9) Cash Flow SLitsm•nt The ch8rfty has taken advantsge ol the exemption from preparing a cash flow stsl8mént, contained in the Financial Reporting Standard No 1. on the grounds that it is a small charity. Ihl Donat8d Servlces - V¢lunteors No attempt has been made to gvaluate the en(mOuS contribution made by volunteers to the League's ¢)P9ration.
The L¢ague of Friends of the Nuffield Orthopaedle Cen Notes fornilng part of th• Financial Ststement {¢ontlnuedl For th• yoar ended 31st March 2025 Unrnstricted funds 2025 2024 2. Legacles and Donatlons General donations and legacles 3,877 8,188 Govemment grants receivable 3,877 8,188 3. Actlvltlgs for Generatlng Fund¥.' 2025 2024 Shop tsng5 202.807 192,900 Cost of sales 197.5011 {94,7941 Gross profft 105.306 98.106 Fundraising income {513 43 Shop Salarfes 121.1111 {23,1471 Repalrs and replacement equlpment 11,5661 (1,2711 Not Tradlng Income 82,116 73,731 4. Inve$tm•nt Incomg 2025 2024 Inlgrg$1 received 9,186 6.150 S. Charltable Actlvltl8• 2025 2024 Gifts to the Nuffield Orthopaedic Centr8 (Note 121 10.010 2,490
The League of Frlends of tho Nuffield Orth4)paedic Centrn Notes fomlng part of the Flnanclal Slatsmant Icontlnuad) For the y••r ¢nded 31st March 2025 6. Govefflan and Othèr Costs 2025 2024 Admin 2,763 4.257 Insurance 2,442 2,437 Indepondent Examination 1.c0 othèr accounlanGy support 1,477 1,224 Depreciation 766 45 Bank Charges 2.109 1,632 Total 10,5S7 10,495 7. Stsff Co•t• 2025 2024 mumr01 Nurnbor of staff •taff Tho average numb8r of employees (all of whom were part-tlmel 2025 2024 Thg analysls ol cost Is 88 follows.. Wagès, 8al8rles and sodal security costs. 21,111 23,147 No remuneratlon was paid to any Trustse during the year and no employee recoivgd remuneration in excess of £60,000 pa. OccasSon81. low value, reimbursements are made to Truslees in respect of expenses incurred on b9half of the Charity. 8. Stock 2025 2024 Stock of goods for sale 1,484
The Leaguo of Frlends of the Nuffleld Orthopa•dlc Centre Notss fomilng part of tho Flnanclal Ststoment {¢ontlnuod For the year •nded 31st March 2025 9. Cash at Bank and in Hand 2025 2024 Bank current account and cash in hand 84.267 60,159 COIF Charities depo$f( account 230.000 180,000 314,267 240,159 10. Cr•dltorn: Arnounts falllng due In one year 2025 2023 Trade credrtors VAT 877 491 Accruals 2.000 2,000 Taxallon and social ¥ecurity 1.915 1,912 4,792 4,403 11. Contlngent Llabllllles and Commltment• In the opinion of the Trusloes. thor8 were no contingent liabilities at 31st March 2025. 10
Th• League of Friends of the Nuffield Orthopedic Centr• Notas fonning part of th• Financial Stst•m•nt {contlnuedl For the ygar ended 31$t March 2025 12. Hlstorlc Summary Total 0110412024 Year to 3110312025 Total 3110312025 Unrestri¢t•d Fund• Monies raised 1.886,833 95.179 1,982.012 Govemance costs (297.9261 (10.5571 1308.4831 1,588,907 84,622 1,673,529 Monies gffted to the hospital 11.349.249) 110,010) 11.359,2591 Unrejtrlctod Funds carriod forward 239.658 74,612 314,270 13. Change of charltabl• status and tran$f•r of funds 11 was Ihe declslon of the Trustees and those present at the 2015 AGM, that the League of Friends of the Nuffield Orthopaedlc Centrg Change their organisation from a Trustee lead org8nis8tion lo a Charitsble Incorporated OTg8nisalion ICIOI. Following thg 9uidance sel ovl by th8 Ch8Tity Commission. this praSS was completed in March 2017. The Charity Commlssioners were salisfled that THE LEAGUE OF FRIENDS OF THE NUFFIELD ORTHOPAEDIC CENTRE Is a charity and It has bggn erbtered onto the Regi$18r of Charities with tho R8gis16red Charity Numb6r 1165880. Charltlos Commls51on de¢lslon wonling The decision lo regislerwas basedon ourassessmenl of the10mlatiOn suppliedduring the 8pplicalrt pmcess and the declar8tions given in the trustee declatIon fomi and we are satisfied that THE LEAGUE OF FRIENDS OF THE NUFFIELD OR THOPAEDIG CENTRE is eslablishad for chari18bl8 purposes only for the public benefrt.