REGISTERED COMPANY NLPMBER: CEiX17158 (England and Wales) REGisfERED CHARITY NUMBER: 1168474 REPORT OF THE TRUSTEES AND UNAUDITED FINANCtAL sfATEMENTS FOR THE YEAR ENDED 30APRIL 2024 FOR THE LEAGUE OF FRIENDS OF THE MAIDSfoNE HOSPITAL Calcutt Matthews WBZ Ltd 19 North Street Ashford Kent TN24 8LF
THE LEAGUE OF FRIENDSOFTHE MAIDsfoNE HosprrAL CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 30 April 2024 P4e Report of the Trustees I to 3 Independent Examine¢5 Report statement of Flnancial Actsvitie5 Balance Sheet Cash Flow Ststement Notes to the Cash Flow Statement Notes to the Financial Statements 10 to 15 Detailed Statement of Financial Activities 16 to 17
THE LEAGUE OF FRIENDSOFTHE MAIDsfoNE HOSPITAL REPORT OF THE TRUSTEES for the Year Ended 30 April 2024 OBJEcnvES AND AcllviTIES ObjeLtlves and aims The CharFty is established tt) raise funding to improve patient o£rtcomes and experien. All departments within the hospitsl are encouraged to submit funding requests to the League. and are able to acquire equipment or make improvements, which otherwise would not be possible due to budgetary constrdints imposed by the NHS Trust. The League also funds progrdmme5 designed to benefft palients. SiRnificant artivltles The League ¢)perates a retsil outlet within the hosiwtal selling a wide Rnge of food products together with newspapers, magazines. confectionery, and a host of items deemed useful for both staff and patients. We provide a Ward Trolley servlce, a Tea Bar, and have a very busy Bookshop abng5ide a rdn8e of fiJndraisin8 acttvities such as rnffles, cake sales. outings. et¢. Volurteers The League relies on a large number of volunteers, who give a great deal of time and effort to runnlng these 5eNices. The main shop is managed by Jacqui Featherstone, who also provSde5 valuable support and guidance to all volunteers. Other outlets and setvices are managed by Committee members who are all volunteers a5 are the Trustees. ACHIEVEMEKfAND PERFORMAN Charitable artlvltles The 501e purpose of the charity is to support the runnjng of the hospital and improve patient experiences and outcomes. This is mainly achleved by the funding of equipment and progrdmmes which are not able to be provided within the budgets of the NHS Trust. In this financial year the League ha5 funded the Open Eyes progrdmme. purchased an ECG Machine, 4 Defibrillators, Vttal Signs Monitor. and fijnded an End Of Life cOrdInator, along with a number of more rnodestly priced items. The total sum donated in the year was £86.948. FINANQAL REVIEW FInda1 posltion During thi5 year the League generated a total of £622,533 ID income. Of this. £598.134 was generdted by sale5 in the League shop, whilst £6,800 wa5 from fund raising events. Legacies of £10.0 were receNed from several sources. E¥penditure totslled £542,262 which resulted in a net surplus from Charitable activities of £80,271. These funds were held in the generdl unrestricted fund, with a healthy cash balance of £516.511 at the year end. Reserves polky The reserve policy for the charFty Is that they Sh(k1 hold SLrfficient reserves to meet all the capltal purchases they have contracted with the h05Pital, plus £50,000. Page I
THE LEAGUE OF FRIENDS OF THE MAIDSTONE HOSPITAL REPORTOF THE TRUSTEES for the Year Ended 30 April 2024 FimiRE PLANS The trustees intend to continue to promote and progress The League's obJectlves. Investments will be kept under review and changes may be effected rf judged beneficial. The level of reserves is decided by the trustees taking account of demands made upon The League's resources. The restrictions imposed as a result of the pandemic led to a marked uctIon in in numbers of visitors to the h05Pital with an obvious impact ori custom in The league's reta Outle In addition many volunteers arp in age or health categories which make it inadvisable for them to continue in their role5. Measures, both physical and operational. have been introduced to comply with medical advi on the control of the virus. As Covid restrictions have laelY been lifted footfall has increased and is now ahead of the pre pandemic level. Revenues have recovered sufficiently for surpluse5 to be generated again and barring serfous Covid outbreaks leading to $tctionS the trustees are satisfied that a satisf*ory surplus will continue to be earned. Active consideration is being given as to how The Lue might expand the scope of it's operations and agreement in principle has been reached to open an outlet selling beverage5 and snxks in the new Diagn05tic Centre. Discussions are ongoing regarding possible openings in other departments of the hospital. The trustees will consider the level of reseNes in the context of anticipated fvnding required forany additional retsil actNity. srRUCTURE, GOVERNAN AND MANAGEMENr Govemin8 document The charity is controlled by its govemlng document, a deed of trusL and constitutss a limtted company, Ilmlted by guarantee. as defined by the Companies Act 2CQ6. REFERENCE AND ADMIN15fRATIVE DtrAILS Registered Company number CE007158 (England and Wales) Re8lstered Charity number 1168474 Reglstered offl Maidstone Hospltsl Hermitage Lane Baming Matdstone Kent ME16 9QQ TrUStS Mr5 M Tunbridge J White Mr5 G Watson (resigned 18.7.23) G Owen Mrs S Sullivan {appointed 4.9.231 Independent Examlner Calcutt Matthew5 WBZ Ltd 19 North Street Ashford Kent TN24 8LF Page 2
THE LEAGUE OF FRIENDSOFTHE MAIDsfoNE HOSPITAL REPORT OF THE TRUSTEES for the Year Ended 30 April 2024 %0, 01. frO'h4 Approved by order of the board of trustees on ............................................. and signed on its behalf by: JWhite-Tru Page 3
NDEpENDE EXAMINER'S REPORTTO THE TRUSTEES OF THE LEAGUE OF FRIENDS OF THE MAIDsfoNE HOSPITAL Independent examinerfs report to the trustees of The Le4ue of Friends of the Maldstone Hospital (Ihe CompanVI I report tothe charity trustees on my examination of the accounts of the Company for the year ended 30 April 2024. Responslbillties and basts of report As the charlV5 trustses of the Company (and a150 its director5 for the purposes of company law) you are reswnsible for the preparation of the accounts in accordance with the requirements of the Companles Art 2006 {'the 2006 Act'l. Having satlsfied myseEf that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I rerort in reswt of my examinatlon of your ¢hariVs accounts as carried out under Section 145 of the Chartties Act 2011 he 2011 Art). In carrying out my examination I have followed the Directions given by the Charity Commlssion underSe¢tion 145(5) {bl of the 2011 Act. Independent examinerfs ststemert Since your charitrls gross income exceeded £250,000 your examiner must be a member of a listed body. I can confimi that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales, which is one of the Ilsted bodles. I have completed my examlnatlon. I confirm that no matteT5 have come to my attention in connertion with the examinatlon glvlng me cause to believe: accountlng records were not kept In respect of the Company as required by Section 386 of the 2006 Act: or the accounts do not attord with those records; or the accounts do not comply with the a¢countlng reqU1MentS of Section 396 of the 2006 Act other than any requirement that the accounts give a tnje and fair view which is not a matter conssdered as part of an Independent examination; or the account5 have not been prepared in accordance with the method5 and principles of the Statement of Recommended prarti for accounting and reporting by charities (applicable to charitfes preparing their accounts in aCrdance wlth the Financial Reporting Stsndard applicable in the UK and Republic of Ireland {FRS 10211. I have no concerns and have come across no other matters in ¢onnection with the examination to which attention shoukl be drawn in this report in orderto enable a proper understanding of the accounts to be reached. Nicholas Hume FCA Calcutt Matthews WBZ Ltd 19 North Street Ashford Kent TN24 8LF Page 4
THE LEAGUE OF FRIENDSOFTHE MAIDsfoNE HOSPITAL srATEMENT OF FINANCIAL AcnvmES for the Year Ended 30 April 2024 30.4.24 Unrestrlcted fiind 30.4.23 Totsl fvnds INCOME AND ENDOWMENTS FROM Donattons and lega¢fes 14.712 Other trdding actiwties Other income 600,223 7,598 460,490 2,154 Total 622,533 468,688 EXPENDITURE ON Raising funds 438,146 359,066 ChaYit3ble actlvltles Hospital Support & Administrdtion 102,939 104,484 Other 1,177 1,249 Total 542,262 464.799 NEf INCOME 80,271 3,889 RECONauATION OF FUNDS Total funds brought foard 415,220 411,331 TOTAL FUNDS CARRIEO FORWARD 495,491 415,220 The notes form part of these financlal statements Page S
THE LEAGUE OF FRIENDS OFThE MAIDsfoNE HOSPITAL BALAN SHEEr 30 April 2024 30.4.24 Unrestricted fund 30.4.23 Totsl fund5 Notes FIXED ASSErs Tanwble assets io 4,191 5,574 CURREKf ASSErs Stocks Cash at bankand in hand li 12.628 516,512 15.485 417,310 529,140 432,795 CREDITORS Amounts falling due within one year 12 {37,840) 123,149) 491,300 TOTALASSEfs LESS CURREKf LIABIUTIES 495,491 415,220 NAssE[s 495,491 415.220 FUNDS Unrestricted fund5: General fund 13 495,491 415,220 TOTAL FUNDS 495,491 415,220 The charitable company is entitled to exemption fmm audtt under Section 477 of the Companies Act 2006 for the year ended 30 April 2024. The members have not required the company to obtain an audtt of its financial statements for the year ended 30 April 2024 in accordance wlth Sertion 476 of the MpanIeS Act 2006. The trustee5 acknowledge their reswnsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companles Act 2006 and preparing financial statements whlch brive a true and fair view of the stste of affairs of the charitsble companv as at the end of each financial year and of its surplu5 or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial ststements so far as applicable to the charltable company. (bl The notes form part of these finaneial statsments Page 6 contlnued,..
THE LEAGUE OF FRIENDS OFTHE MAIDsfoNE HOSPITAL BAL4N SHEEf- continued 30 April 2024 These finan¢lal ststements have been prepared in ac¢ordano with the provlsions applicable to charitable companies subjectto the small companie5 re8ime. The financtal statements were approved by the Board of Trustees and authorised for issue on J2.- I9..)..i..ff.Q..hA..... and were signed on its behalf by: J Whit The notes form part of these financial statements Page 7
THE LEAGUE OF FRIENDSOFTHE MAIDsfoNE HOSPITAL CASH FLOW STATEMENT forthe Year Ended 30 April 2024 30.4.24 30.4.23 Notes Cash flows from operting activilies Cash generated from operatlons 99,202 48.915 Net cash provided by operating activities 99.202 48.915 Chay In cash and cash equlvalents In the reporttng wlod Cash and ash equlvalents atthe be8innln8 of the reptIng period 99,202 48,915 417.310 368,395 Cash and Cash equlvalents at the end of the reportlng period 516,512 417,310 The notes form part of these financial statements Page 8
THE LEAGUE OF FRIENDS OF THE mAlONE HOSPITAL NOTESTO THE CASH FLOW STATEMENT for the Year Ended 30 April 2024 RECONauATION OF NEfiNCOME TO NEf CASH FLOW FROM OPERATING AcnvrriES 30.4.24 30.4.23 Net incomeforthe rewting perlod (as per the Statement of Financial Artivities) Adjustmentsfor. Depreciation char¥es Decrease/{increase) In stocks Decrease in debtors Increa in creditors 80.271 1,383 2,857 3,982 12,2141 36,436 6.822 14,691 Net cath llIed by opui( 99.202 48,915 ANALYSIS OF CHANGES IN NEf FUNDS At 1.5.23 Cash flow At 30.4.24 Net cash Cash at bankand in hand 417.310 99.202 516.512 417.310 99.202 516,512 417.310 99.202 516.512 The notes form part of these financlal ststements Page 9
THE LEAGUE OF FRIENDS OFTHE mAlONE HosPAL NOTESTO THE FINANaALsfATEMENTS for the Year Ended 30 April 2024 ACCOUNTING pouaES Basis of preparingthefinancol ststements The financial ststements of the charitable company, which Is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP {FRS 1021 'Accounting and Reporting by Charities.. Ststement of Recommended Practice applicable to charitss preparing their accounts In accordance with the Flnaneial Reporting Standard applÈcable In the UK and Republic of Ireland {FRS 102) (effective l January 20151,. Financlal Reportin8 Stsndard 102 The Financial Reporting Standard applicable In the UK and Republic of Ireland, and the Compantes Act 2006. The financlal statements have been prepared under the historical cost convention. Income All Income 15 recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expendltyre Liabilities are reco8ni5ed a5 expenditure as 500n as there is a legal or construrtive obljgation committlng the charity to that expenditure. it 15 Probable that a trdnsfer of economic benefits will be requlred in settlement and the amount of the obltyton can be measured reliably. Expenditure is accounted for on an accnlS basis afid has been classified under heading5 that aggregate all cost related to the category. Where Costs Cannot be dirertty attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tab)glbJefb(ed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated usefijl lrfe. Plant and machinery Computer equipment 25% on reducing balan 50% on cost Stocks Stocks are walued at the lower of cost and net reali5able value, after making due allOwaTr for obsolete and slow moving items. Taxatlon The charity is exempt from corpordtion tsx on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitsble objectlve5 at the dIretIOn of the trustee5. Restricted funds can only be used for particular restricted purposes within the objects of the charlty. Restrictions arise when specifitr bythe donoror when funds are rdised for partlcular restricted purpose5. Further explanation of the nature and purpose of each fund is induded in the notes to the financial ststements. Penslon costs and other post-IreMertt beneffts The charitsble company operntes a defined contributron pension scheme. Contributions payable to the charltable company's pension scheme are charged to the Statement of Financial Activities in the period to whl¢h they relate. Page 10 contlnued...
THE I&4GUE OF FRIEND50FTHE WIIDSTONE HOSPITAL NOTESTO THE FINANaALsfATEMENTS- continued forthe Year Ended 30 April 2024 I)ONATIONS AND LEGAaES 30.4.24 30.4.23 Donations Legacies Subscription5 3,706 10,000 1,1]06 1,520 3,500 1.024 14,712 OThER TrADING AcnvtTIES 30.4.24 30.4.23 Fundrdlslng events Shop income 2.088 598,135 5,060 455.430 6(Kl.223 460.490 RAISING FUNDS Other tradlng activitles 30.4.24 30.4.23 Opening stock Purchases Closlng stock staff costs Fundralslng expenses Depreciation 15.485 389,634 (12,628) 42.387 13.271 306,717 115A85) 49.432 1,149 3.982 1.383 438.146 359.066 (IIARtTABLE AcfiviTIES cosrs Support costs (see note 6) Direct Costs Totals Hospital Support & Administration 86,948 15,991 102,939 Page 11 continued...
THE LEAGUE OF FRIENDS OF THE MAIDsf(hNE HOSPITAL NOTESTO THE FINANCIAL sTATEmE- continued forthe Year Ended 30 Aprtl 2024 SUPPORT C05rs Governance costs Management Finan Totab Hospitsl SLPPOrt & Administratron 3.626 10,361 ,991 Nrf INCOMV(EXPENDITUREI Net income/(expenditure) is statsd aftercharKing/(crediting): 30.4.24 30.4.23 Depreciation- ned assets 1,383 3,982 TRusfEES' REMUNERATION AND BENEFTrs There were no trustees, Yemuneration or other beneffts for the year ended 30 Apiil 2024 nor for the year ended 30 April 2023. There were no trustee5' expenses paid for the yearended 30 Aprll 2024 norforthe year ended 30 Apnl 2023. srAFF cosrs 30.4.24 30.4.23 Wages and salaries Other pension costs 40,160 2,227 48.356 1,076 42,387 49.432 The average monthly nUmrOf employee5 during the yearwas as follows: 30.4.24 30.4.23 Average number of employees No employees received emoluments in excess of £60,(KiO. Page 12 eontlnued..
THE LEAGUE OF FRIENDSOFTHE MAIDsfoNE HOSPITAL NOTE5 TO THE FINANaAL STATEMENTS- continued for the Year Ended 30 Aprll 2024 io. TANGIBLE FIXED ASSErs ptantand machinery Computer equipment Tota15 cosr At l May 2023 and 30 April 2024 14.470 5,320 19.790 DEPREaATION At l May 2023 Charge for year 9,071 1,208 5,145 175 14,216 1,383 At 30 April 2024 10,279 5,320 15,599 NEf BOOK VALUE At 30 April 2024 4,191 4,191 At 30 April 2023 5,399 175 5,574 ii. 30.4,24 30.4.23 stocks 12,628 CREDITORS: AMOUNTS FAiUNG DUE WtfHIN ONE YEAR 30.4.24 30.4.23 Trade creditors So¢lal security and othertaxes VAT Other credltor5 30.660 595 5.212 1,373 14.636 5.018 1.591 37,840 23,149 13. MOVEMEMf IN FUNDS Net movement in fiinds At 30.4.24 At 1.5.23 Unrestrictsd fvnds General fund 415,220 80,271 495,491 TOTAL FUNDS 415,220 80,271 495,491 Page 13 continued...
THE LEAGUE OF FRIENDS OF THE mAIDONE HOSPITAL NOTES TO THE FINANaAL ATEME[5- continued for the Year Ended 30 April 2024 13. MOVEMENf IN FUNDS. Continued Net movement in funds, induded in the above are as follow5: In¢omlng re50urce5 Resour5 expended Movement in fijnds Unrestricted funds Generalfund 622.533 (542,262) 80,271 TOTAL FUNDS 622,533 {542.2621 80,271 Comparatlves for movement In funds Net movement in funds At 30.4.23 At 1.5.22 Unrestrfcted funds Generdlfund 411,331 415,220 TufAL FUNDS 411.331 3.889 415.220 Comparatfve net movement in funds, included in the above are as follows: Incoming resources Resour expended Movement In funds Unrestritted funds General fund {464,7991 T(JfAL FUNDS 468,688 {464.7991 3,889 A current year 12 months and prior year 12 mnths combined position is as follow5: Net movement in funds At 30.4.24 At 1.5.22 Unrestricted fund5 General fund 411.331 84.160 495,491 T(YfAL FUNDS 411,331 84,160 495.491 Page 14 continued...
THE LE4GUE OF FRIENDSOFTHE MAID5foNE HOSPITAL NOTES TO THE FINANaAL STATEMENTS- continued forthe Year Ended 30 April 2024 13. MOVEMENT IN FUNDS- contlnued A currEnt year 12 months and prior year 12 months combined net movement in funds. included In the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 1,091,221 11,007.0611 84.160 TOTAL FUNDS 1,091,221 11.007.061) 84,160 RELATED PARTY DISCLOSURES There were no related party transactions forthe yearended 30Aprll 2024. 15. OUTSTANDING PLEDGES A5 of 30.04.24, the charity had pledged £20,478 towards new hospital equipment. These pledges become contrdrtually blnding on purchase of said equipment whereupon the League reimburses these costs. Page 15
THE LEAGUEOF FRIENDS OFThE MAIDsfoNE HOSPITAL DETAILED STATEMENTOF FINANCIAL AcnvrriES for the Year Ended 30 April 2024 30.4.24 30.4.23 INCOME AND ENDOWMEMrs Donatl¢xFS and le8aaes Donations Legacies Subscriptions 3,706 10,000 1,006 1,52Q 3,500 1.024 14,712 Other tradlng acthiitles Fundrdising events Shop incoFne 2.088 598,135 5,060 455,430 600.223 460,490 Other income Bank interest received 7,598 2,154 Tctsi Incoming resources 622,533 468.688 Other tr*llng %thiities Opening stoek Shop goods Wages Pensions FundrdiSing expenses Plant and machinery Computer equipment a05ing stock 15,485 389,634 40,160 2,227 1,885 1,208 175 112,628} 13,271 306,717 48,356 1,076 1,149 1,799 2,183 (15.485) 438,146 359,066 Charitable artlvltles Purchase of H05pitsI Equipment 86,948 84.721 Other Computerand Software 1,177 1.249 Support costs Man4ement Rates and water Carrled foThvard 176 176 756 756 This page does not fonn part of the statutory financial statements Page 16
THE LEAGUE OF FRIENDS OF THE MAID5foNE HOSPITAL DEfAILED STATEMENT OF FINANCIAL AcnvrriES for the Year Ended 30 April 2024 30.4.24 30.4.23 Management Brought fOrard P05tage and stationery Sundries Travel Repairs and Renewals 176 716 756 1.348 181 479 2.255 2.838 3,626 5,729 Finance Bank charges 10,361 11,311 GOVern(e costs Accountancy arHI legal fees 2,004 2,723 Total resour¢e5 expended 542,262 464,799 Net Income 80,271 3,889 Thls page does notfomi part of the ststutory financial statements Page 17