REGisfERED COMPANY NUMBER: CE007158 (England and Wales REGISTERED CHARITY NUMBER: 1168474 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 FOR THE LEAGUE OF FRIEND5 OF THE MAIDSTONE HOSPITAL
THE LEAGUE OF FRIENDS OF THE MAIDSTONE HOSPITAL CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 30 April 2025 Page Report of the Trustees Independent Examiner's Report Statement of Financlal Activities Balance Sheet 5 to 6 Cash Flow Statement Notes to the Cash Flow Statement Notes to the Financial Statements 9 to 15 Detailed Statement of Financial Activities 16 to 17
THE LEAGUE OF FRIENDS OF THE MAIDSTONE HOSPITAL REPORT OF THE TRUSTEES for the Year Ended 30 April 2025 The trustees who are also directors of the charity for the purp05e5 Of the Companie5 Act 2006, present their report with the financial statement5 of the charity for the year ended 30 April 2025. The tru5tee5 have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practlce applicable to charities preparing their accounts in accordance with the Financlal Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 (effective l January 20191. OBJECTIVES AND AcfiviTIE5 Objertlves and aims The Charity 15 established to raise funding to improve patient outcomes and experience. All departments within the hospital 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 constraints imposed by the NHS Trust. The League also funds programmes designed to benefit patients. Si8nificant actlvities The League operates 2 retail outlet within the hospital selling a wide range 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 service. a Tea bar, and operate a very busy bookshop alongside a range of fundraising activities such as raffles, cake sales, outings, etc. Volunteers The League relies on a large number of volunteers, who give a great deal of time and effort to running these services. Retail activitie5 are managed by Jacqui Featherstone, ably a55iSted by Lynn Briodyi who also provide valuable support and guidance to all volunteers. ACHIEVEMENT AND PERFORMANCE Charttable actlvltles The sole purpose of the charity is to support the running of the hospital and improve patient experiences and outcomes. This is mainly achieved by the funding of equipment and programmes which are not able to be provided within the budgets of the NHS Trust. In thi5 financial year the League has funded a cancer support group as well as the purchase of a variety of furniture. The total sum donated in the year was £7,953, far below the £86.948 donated in the prior year. However the h05Pital is expanding and it is hoped that the flow of funding requests will increase substantially in the coming year. FINANCIAL REVIEW Financial position During this year the League generated a total of £681.850 in income. Of thi5 £642,505 was generated by sales in the League shops, whilst £5.717 was from fund raising events. Legacies of £500 were received together with donations of £7,214. Interest earned on deposits totalled £25.913. Expenditure totalled £514.596 which resulted in a net Surplus from charitable activities of £167.254. These funds were held in the general unrestricted fund, with a healthy cash balance of £656,715 at the year end. Reserves policy The reserve policy for the charity is that they Should hold sufficient resee5 to meet all the capital purchases they have contracted with the hospital. plus £50,000. Page I
THE LEAGUE OF FRIENDS OF THE MAIDSTONE HOSPITAL REPORT OF THE TRUSTEES for the Year Ended 30 April 2025 FUTURE PLANS The trustees intend to contlnue to promote and progress The League's objectives. Efforts continue to ensure that a strong relatlonshlp Is maintained with key members of the NHS Trust staff and to raise awareness of the help The League offers in the hope of a strong flow of funding requests. The level of reserves is decided by the trustees taking account of demands made upon resources. As the hospital expands and footfall increases revenues are growing. Active consideration is given as to how The League might expand the stope of it's operations. STRucfuRE, GOVERNANCE AND MANAGEMENT Governln8 document The charlty is controlled by it5 governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Company number CE007158 (England and Wales) Registered Charity number 1168474 Reglstered offlce Maidstone Hospital Hermlta8e Lane Barmlng Maldstone Kent ME16 9QQ Trustees Mrs M Tunbridge {resigned 3.8.25) J White G Owen Mrs S Sullivan Mrs S Chapman (appointed 2.7.251 Independent Examlner Xeinadln Audlt Ltd 12 Conqueror Ct Sittingbourne Kent MEIO 5BH Approved by order of the board of trustees on .... and signed on its behalf by: J White- Trus Page 2
INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF THE LEAGUE OF FRIENDS OF THE MAIDSTONE HOSPITAL Independent examlner's report to the trustees of The League of Friends (rfthe Maidstone Hospital I'the Companrfl I report to the charity trustees on my examination of the accounts of the Companyfor the year ended 30 April 2025. Responsibilitles and basls of report As the charity's trustees of the Company {and also its dlrectors for the purposes of company lawl you are responsible forthe preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 Act'l. Having satisfied myself 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 report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 {'the 2011 Act,). In carrying out my examination I have followed the Dirertions given by the Charity Commission under Section 145151 Ib) of the 2011 Act. Independent examiner's ststement Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that l am quallfied to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales. which is one ofthe listed bodies. I have completed my examination. I confirm that no matters have come to my attentlon in connectlon with the examination giving rne cause to believe: accounting records were not kept in respett of the Company as required by Section 386 of the 2006 Art; or the accounts do not accord with those records- or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination- or the accounts have not been prepared in accordan with the methods and principle5 of the Statement of Recommended Practice for accounting and reporting by charities lapplicable to charities preparing their accounts in accordance with the Fin4ncial Reportin8 Standard applicable in the UK and Republic of Ireland {FRS 102)). I have no concerns and have come acr055 no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding ofthe accounts to be reached. Rosanna Turner DChA The Institute of Chartered Accountants In England and Wales Xeinadin Audit Ltd 12 Conqueror Ct Sittlngbourne Kent ME105BH 19.08.2025 Page 3
THE LEAGUE OF FRIENDS OF THE MAIDSTONE HOSPITAL STATEMENT OF FINANCIALACTIVITIES forthe Year Ended 30 April 2025 30.4.25 Unrestricted fund 30.4.24 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 7,714 14.712 Other tradin8 activltles Other income 648,223 25,913 600,223 7,598 Total 681.850 622.533 EXPENDITURE ON Raising fund5 480,630 438,146 Charitable actlvltles Hospital Support & Administration 32,707 102,939 other 1,259 1,177 Total 514,596 542,262 NET INCOME 167,254 80.271 RECONCIUATION OF FUNDS Total funds brought forward 495,491 415,220 TOTAL FUNDS CARRIED FORWARD 662,745 495,491 The notes form part of these financlal statements Page 4
THE LEAGUE OF FRIENDS OF THE MAIDSTONE HOSPITAL BALANCE SHEET 30 April 2025 30.4.25 Unrestricted fund 30.4.24 Total funds Notes FIXED ASSETS Tangible assets io 10,713 4,191 CURRENT ASSETS stock5 Debtors Cash at bank and in hand li 12 15,077 4,516 656,715 12,628 516.512 676,308 529,140 CREDoRs Amounts falling due within one year 13 124,2761 (37,8401 NET CURRENT ASSETS 652,032 491,300 TOTAL ASSETS LESS CURRENT LIABILITIES 662,745 495,491 NET ASSETS 662,745 495,491 FUNDS Unrestricted fu nds: General fund 14 662,745 495,491 TOTAL FUNDS 662,745 495,491 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025. The members have not required the company to obtain an audit of its financial statements for the year ended 30 Aprll 2025 In accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for la) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and falr vlew of the state of affairs of the charitable company as at the end cf each financial year and of its surplus or deficit for each financlal year in accordance with the requlrements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable companv. Ib} The notes form part of these financial statements Page 5 continued...
THE LEAGUE OF FRIENDS OF THE MAIDSTONE HOSPITAL BALANCE SHEET- continued 30 April 2025 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The fin clal statements were approved by the Board of Trustee5 and authorised for issue on .andwe e signed on its behalf by: -Tru The notes form part of these financial statement5 Page 6
THE LEAGUE OF FRIENDS OF THE MAIDSTONE HOSPITAL CASH FLOW STATEMENT for the Year Ended 30 April 2025 30.4.25 30.4.24 Notes Cash flows from operatlnB actlvltles Cash generated from operations 148,062 99,202 Net cash provided by operating activities 148,062 99,202 Cash flows from investing activitie5 Purchase of tan8ible fixed assets {7,8591 Net cash {u5ed inllprovided by investing activities {7.8591 Change in cash and cash equivalents in the reportlng period Cash and cash equivalents at the beginning of the reportln8 period 140.203 99.202 516,512 417,310 Cash and cash equlvalents at the end of the reportlng perlod 6S6,715 516.512 The notes form part of these financial statements Page 7
THE LEAGUE OF FRIENDS OF THE MAIDSTONE HOSPITAL NOTES TO THE CASH FLOW STATEMENT for the Year Ended 30 April 2025 RECONCILIATION OF NEf INCOME TO NET CASH FLOW FROM OPERATING AcfiviTIES 30.4.25 30.4.24 Net Income for the reporting perlod las perthe Statement of Flnanclal Activities) Adjustments for: Depreciation charges Ilncrease)Idecrease In stocks Increase in debtors IDecreasel/increase in creditors 167,254 80,271 1,360 12,4491 14,5161 113,5871 1,383 2,857 14,691 Net cash provided by operations 148,062 99,202 ANALYSIS OF CHANGES IN NET FUNDS At 1.5.24 Cash flow At 30.4.25 Net cash Cash at bank and in hand 516.512 140.203 656,715 516,512 140,203 656,715 Total 516,512 140,203 656,715 The notes form part of these financial statements Page 8
THE LEAGUE OF FRIENDS OF THE MAIDSTONE HOSPITAL NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 30 April 2025 ACCOUNTING POLICIES Basls of preparln8 the fjnancial statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in at¢ordance with the Charities SORP {FRS 1021 'Accountin8 and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} leffectlve l January 20151,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Income All income is 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. Expendlture Liabilities are reco8nised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits wlll be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basls and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to actlvlties on a basis consistent with the Use of resources. Tangible fixed assets Depreciation 15 provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery Computer equipment 25Yo on reduclng balance 50% on c05t Stocks stocks are valued at the lower of cost and net realisable value, after makln8 due allowance for obsolete and slow moving items. Taxation The charity is exempt from corporation tax on its charitable activities. Fund accountlng Unrestricted funds can be used In accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objetts of the charity. Restriction5 arise when specified by the donor or when fund5 are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Pension costs and other post-retlrement benefits The charltable company operates a defined contribution pension scheme. Contributions payable to the charitable company's penslon scheme are charged to the Statement of Financial Activlties in the period to which they relate. Page 9 continued...
THE LEAGUE OF FRIENDS OF THE MAIDSTONE HOSPITAL NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 30 April 2025 DONATIONS AND LEGACIES 30.4.25 30.4.24 Donations Legacies Subscription5 6,246 500 968 3.706 io,oc(J 1,006 7,714 14,712 OTHER TRADING AcfiviTIES 30.4.25 30.4.24 Fundraislng events Shop Income 5,718 642,505 2.088 598,135 648,223 600,223 RAISING FUNDS Other trading activities 30.4.25 30.4.24 Openin8 stock Purchases Closing stock Staff costs Fundraisin8 expense5 Depreciation 12,628 411,426 115,077} 65.629 4,664 1,360 15,485 389.634 {12.6281 42.387 1,885 1,383 480,630 438.146 CHARITABLE A1vlEs COSTS Support costs (see note 6) Direct Costs Totals Hospital Support & Administratlon 6,122 26,585 32,707 Page 10 continued...
THE LEAGUE OF FRIENDS OF THE MAIDSTONE HOSPITAL NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 30 April 2025 SUPPORT COSTS Governance 05t5 Management Finance Totals Hospital Support & Administration 6.328 18,507 1,750 26.585 NET INCOMEI(EXPENDITURE) Net incomellexpenditurel is stated after char8ingllcrediting): 30.4.25 30.4.24 Depreciation - owned assets 1,337 1,383 TRUSTEES, REMUNERATION AND BENEFrrs There were no trustees, remuneration or other benefits for the year ended 30 April 2025 nor for the year ended 30 April 2024. Trustees, expenses There were no trustees, expense5 paid for the year ended 30 April 2025 nor for the year ended 30 April 2024. STAFF COSTS 30.4.25 30.4.24 Wages and salaries Other pension costs 61,952 3,677 40,160 2,227 65.629 42,387 The average monthly number of employees during the year was as follows- 30.4.25 30.4.24 Average number of employees No employee5 received emoluments in excess of £60,OLK). Page 11 continued...
THE LEAGUE OF FRIENDS OF THE MAIDSTONE HOSPITAL NOTES TO THE FINANCIAL STATEMENTS_ continued for the Year Ended 30 April 2025 io. TANGIBLE FIXED ASSETS Plant and machinery Computer equipment Totals COST At l May 2024 Additions 14,470 7,348 5.320 511 19.790 7,859 At 30 April 2025 21,818 5.831 27.649 DEPRECIATION At l May 2024 Charge for year 10,279 1.337 5,320 15,599 1,337 At 30 April 2025 11,616 5,320 16,936 NET BOOK VALUE At 30 April 2025 10.202 511 10.713 At 30 April 2024 4,191 4.191 ii. STOCKS 30.4.25 30.4.24 Stocks 15.077 12.628 12. OEBTQRS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30,4.25 30.4.24 Other debtors Prepayments 2.377 2,139 4,516 Page 12 continued...
THE LEAGUE OF FRIENDS OF THE MAIDSTONE HOSPITAL NOTESTO THE FINANCIAL STATEMENTS_ continued for the Year Ended 30 April 2025 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30.4.25 30.4.24 Trade creditors Social Security and other taxes VAT Other creditors 15,807 941 5,602 1,926 30,660 595 5.212 1,373 24,276 37,840 14. MOVEMENT IN FUNDS Net movement in funds At 30.4.25 At 1.5.24 Unrestricted funds General fund 495,491 167,254 662,745 TOTAL FUNDS 495,491 167,254 662,745 Net movement in funds, included In the above are as follows: Incoming resources Resources expended Movement in funds Unrestrlcted funds General fund 681,850 1514,5961 167.254 TOTAL FUNDS 681,850 1514,596 167,254 Comparatives for movement in funds Net movement in funds At 30.4.24 At 1.5.23 Unrestrlcted funds General fund 415,220 80,271 495,491 TOTAL FUNDS 415,220 80,271 495.491 Page 13 contlnued...
THE LEAGUE OF FRIENDS OF THE MAIDSTONE HOSPITAL NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 30 April 2025 MOVEMENT IN FUNDS- continued Comparative net movement in funds, included in the above are as follows: Incomlng resources Resources expended Movement in fund5 Unrestrirted funds General fund 622,533 1542,262) 80,271 TOTAL FUND5 622.533 1542,2621 80,271 A current year 12 months and prioryear 12 months combined positlon is as follows: Net movement in funds At 30,4.25 At 1.5.23 Unrestrlcted funds General fund 415,220 247,525 662,745 TOTAL FUNDS 415,220 247,525 662.745 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 Unrestrlcted funds General fund 1,304,383 11,056,858) 247,525 TOTAL FUNDS 1.304,383 {1,056,858) 247,525 Page 14 continued...
THE LEAGUE OF FRIENDS OF THE MAIDSTONE HOSPITAL NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 30 April 2025 15. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 30 April 2025. 16. OLITSTANDING PLEDGES As of 30.04.25, the charity had pledged £127,848 towards new hospital equipment. These pledges become contrattually binding on purchase of said equipment whereupon the League reimburses these costs. Page 15
THE LEAGUE OF FRIENDS OF THE MAIDSTONE HOSPITAL DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 30 April 2025 30.4.25 30.4.24 INCOME AND ENDOWMENTS Donatlons and le8ades Donatlons Legacies Subscriptions 6,246 500 3,706 10,000 1,006 7,714 14,712 Other trading artivities Fundraising events Shop income 5.718 642,505 2.088 598,135 648,223 600.223 Other income Bank interest received 25,913 7,598 Totsl Incomln8 resources 681,850 622.533 EXPENDITURE Other tradlng actlvltles Opening stock Shop goods Wages Pensions Fundraising expenses Plant and machinery Computer equipment Closing Stock 12,628 411,426 61,952 3,677 4,664 1,337 23 115.077) 15,485 389,634 40.160 2.227 1,885 1,208 175 (12.628) 480,630 438,146 Charitable artivities Purchase of Hospital Equipment 6,122 86,948 Other Computer and Software 1,259 1,177 Support costs Mana8ement Rates and water Carrled forward 128 128 176 176 This page does not form part of the statutory financial statements Page 16
THE LEAGUE OF FRIENDS OF THE MAIDSTONE HOSPITAL DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 30 April 2025 30.4.25 30.4.24 Management Brought forward Postage and stationery Travel Repairs and Renewa15 128 2.103 300 3,797 176 716 479 2,255 6,328 3.626 Finance Insurance Bank charges 1.909 16,598 10,361 18,507 10,361 Governance costs Accountancy and legal fees 1,750 2.004 Total resources expended 514,596 542,262 Net income 167,254 80,271 This page does not form part of the statutory financial statements Page 17