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← The Medway League Of Friends

2024-07-31-accounts

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THE MEDWAY LEAGUE OF FRIENDS

CHARITY REGISTRATION NO: 1172065

REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

CONTENTS PAGES
Trustees' Report 1to6
Auditor's Report 7to9
Statement of Financial Activities 10
Balance Sheet 11
Cash Flow Statement 12
NotestotheFinancialStatements 13to18

I

THE MEDWAY LEAGUE OF FRIENDS STE POR

The trustees present their seventh report with the financial siatements of the chazity for the year ended 31 July 2024.

ADMINISTRATIVE DETAILS
.
Charityregistrationnumber 4472065
Principaladdress MedwayMaritimeHospital Hospital .
Windmill Road
___ .Gillinghans
Kent		 EOS Pew
ee		 4
ME7 5NY
Trustees $Clark
Mrs J Harsent		 -greskientappointed17January2024
-chairperson
Mrs E Norman
STowsey
CH Silk
MrsM Cogger
Ms H Belcher
S Dansie
THiggins
aa MsD Peers
M Bell ~appointed 17January2024
Auditors KrestonReeves
2nd Floor
lMaritime Place
Quayside ;
Chatham Maritime
Chatham
Kent,ME4 402
Bankers LloydsBankpic
142-146 High Street
Chatham
Kent,ME44D0

STRUCTURE, GOVERNANCE AND MANAGEMENT

Goverming Document

The charity is a charitable incorporated organisation registered with the Charities Commission on 15 March 2017 and governed by its constitution adopted 8 March 2017.

Trustees would requiresome experience of the sector in which the charity operates and be appropriatefor the League.

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THE MEDWAY LEAGUE OF FRIENDS TRUSTEES’ REPORT

The Trustees meet af feast four times a yeer to manage the League's affaas. im the 2023/24 year the Trustees met eight eleventimes, aflotherin person.persons.ThisNo personCommitteeshallconsisisbe a memberof a Chairman,of the CommitteeVice Chairman,who is natTreasurera member andof Secretarythe Leaqueanditself. betweenone and The Committee are assisted by managers and organisers of the League's shops and a representative of the Medway NHS Foundation Trust. An operations manager has day to day contrai over its employed staff and the many volunteers.

Atiiaions

The League is a member of Alfend, which exists to promote and develop the role of volunteers in our health amd social services throughout the UK.

OBJECTIVESAND ACTIVITIES

Objectives

The objects of the charity are the relief of sickness and the promotion of the good health and welbeing of patients of NHS services in Medway, in particular the patients of the Medway Maritime Hospital Trust, through the provision of grants, items and services, funded where possible by the work of volunteers.

Public Benefit

in accordance with the Charities Acts and Regulations, the trustees have had due regard te the quidance published by the Charity Commission on the requirement that the objectives and work undertaken by the League are in line with chantable objects and do provide benefit for the public. in 2018, the charity took over the activilies previously carried om by the ‘Medway League of Friends’ whose original air was to provide those ‘little extras’ for patients and staff in the then local hospitals (mainly the Medway Maritime Hospital but alse at Wainscott) thet the NHS cannot always provide. Over time those ‘litle extras’ have tured into vital pieces of medical equipment,furniture and other arnenities. The difference, that the charity intends to continue through its activities, is to help speed patients’ recovery and get them back to their homes and loved ones and to do this wherever possible though the services of volunteers from the community.

The main objective for the year under review was to continue the provision of services and generation of funds through sales at the League's First Rate shop and café at the Medway Maritime Hospital.

The Shop incorporates a night service facility from 9 p.m. unl 7 a.m. so that palients, visitors and hospital staff can get a snackor hot drink.

There is also a small retail outlet in a Care Home in Wainscott serving the resikients, who are all NHS patients.

Hospital Radio Medway is a part of the Leaque, and broadcasts 24 hours of progranenes each and every day, including

The League makes significant use of vohuvieers in the course of undertaking its charilable and moome generating activities. The volunteers carry out many of the duties required to operate the shop. During the year under review the League continued to conmect with the community by providing Work Experience placements to school and college students and to Duke of Edinburgh Award candidates. Some young people choose to stay on as volunteers after their placement ends. The League has also established a link to a local employment agency to offer work experience to people wanting fo get back into employment. Basic training courses are offered to acquire certified skills to take forward. Volunteers are encouraged to take the courseson offer.

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TRUSTEES’

==> picture [504 x 643] intentionally omitted <==

----- Start of picture text -----
The League devotesail its surplus funds to grants to the NHS. 2023/24 was ihe Shop's firsi full year of irading aftera major
refurbishment and proved very successful, enabling the League to pay 27 grants totalling £287,402. Anciher 9 grants totalling
£87,879, were approved but not paid before the year end. (One of these was later rescinded, leaving £64,532 to be paid
during 2024/25.}
The impactof the grants paid by the League is illustratedin the examples below:
Bid01.23no, -£21,018 ; [ =a
Staff in the Obstetrics Department had made a capital bid for a Cell Saver for their ac we 6G L os
depariment. This equipment is used to harvest red biood cells, to wash/ process them 2 as 7 > eee
and prepare the cells for safe return to the body. Cell Savers are used to support the E cy o— es
Royal College of Gynaecologists and Obstetricians guidelines / recommendations. The ae
equipment can also be used for Jehovah Witness patients. The department has one of ie . oe :
these items of equipment but if it is in use in obstetrics there is the risk of a patient being a ay | oe
cancelled in another theatre where the cell saver might be required. /. @&— i LC
Staff thanked the League for their support and said the equipment has been inregularuse §-
since it was delivered which has had a positive impact on patients and for the team to fyee
prevent any cancellations. = [2
ee Ce Stedy walking aids — one for Milton Ward and one for the Emerald Assessment Unit.
2 A C. CCThhese aids are used to support the rehabilitation and enablement of patients who are
ae Se ee" ~~ saable to stand but unable to step due to physical strength, cognitive barriers or anxiety.
. Se 7 The League were advised these aids help a palient io transfer safely from bed to a
wee te. .UCUCOCOCOCChair/commodée and back again.
. <> Va impact Siatement from the Physiotherapy Team Lead: “The Sara Stedy’s have arrived
ee — sand are being put into good use on Milton Ward and Emerald Assessment Unit. Below
i" 3oe ee | _ is a picture of myself and the team on Milton Ward. The addition of the two Sara
OO ~ Stedy'shave they fundedown bySara theStedy. LeagueThisof Friends,has helped hasto enabledensure eachthe timely frailtyrehabilitation ward at Medwayand to
reconditionina of our frailiv natients”
Staff in the Neonatal Unit made a bid for 25 infant resusciiaiors for use in their ITU and CO
Isolation Room. The equipment in use at the time was old and spare parts, if required, — an ee
were unavailable as the provider had stopped production. : —G }—7
the Oliver Fisher Neonatal Unit. We needed to replace an exisiing system of ee
resuscitation equipment in our Neonatal intensive Care and Special Care nurseries. i ——
There are many benefits to the Unit and the babies under our care. We now have a fully ——we
unified cot-side resuscitation system which is compatible with Delivery Suite equipment, # Vern PM eeAg :
and have streamlined our purchasing as a result. The main benefit is fo the increased ( 2 = 2 a
assurance of safety of the babies under our care, especially in our Special Care Nursey.
We are very grateful for your help”.
ene oo A request was made to the League for potential funding to provide 80 dementia wall cocks
Ba _ ~_.. for use throughout the hospital. There is a requirement for a dementia clock to be installed,
a “ and in the view of every patient space, and also a PLACE (Patient-Led Assessments of the
oe _ Care Environment) requirement on which the Trust is scored. The League agreed fo fund
—— ©. B Staff thanked the League for their generosity in supporting this bid which supports the
—SCsi“‘(‘CESCCOPAtigntt ensviro=ment and ensures compliance with quidelines.
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THE MEOQWA'Y LEAGUE OF FRIENDS

==> picture [463 x 89] intentionally omitted <==

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The Senior Sister in the intensive Care Une made 2 bid for @ patent monitor for use on their i oy
transfer roley. This trolley is specific for critical care transfers and enables siaff to move the Eb
sickest of patients te offter hospitals. Pricer to this, the Lind had to use the foley provided by Dee oa a is
the ambulance service bul this is nol sulfate for crffically unwell patients with rustpie lines, a =
drains, medicationsand the need for constent monitoring. r a i
The Senior Sister advised us: “critical care patients need close monitoring at ail times and ta is
oursometimesnew Warisierthey needtrolley@araimoveenableshospitalsus foforsafelymore movespeciaiietour patentscare. Thiswiiist monitorhavingfaemsthen:partfullyof pa See: ee
----- End of picture text -----*

The League's income is supplemented by donations. These totalled £5,794 including thf o r Hospitalse Radio.

TheLeagueof Friends

With the opening of the Fist Rate shop and calé the League achieved its aim to provide 2 state of the art refreshment facility with seating ard a more accessiile and steamlined retail operaiion within an atractve environment. paid for vath funds set aside for the project. it has been very well received. and the firsl year of trading has been excellent enabling a record ictal of

HospitalsuccessidRadiorecruitmentMedwaydriveformethepartstationof Thecan Medwaynai more Leaguevariety moftheFriendstypesandof musicis numavailable,entirely bymckiingvokuvieers.five programmes.Withthe recentSui and lool interest items, including live interviews, also forms an irtegral part of the progranmring.

Progress agains! objectives

Progress on the objectives which the Trustees set for 2023/24 was as follows:

1

3 The efficiency of the retail operation has been kept under review fo idently areas for improvernent. An addiional coffee machine wes instated fo speed up over the counter hol drink sales. Some addtional staff have been employed to cope with the increase a customer demand. # is planned to mstal e door between the shop and sfore roam fo avoid the need for stock to be taken thraugh the office. This will make the movement of stock more efficient and improve the working of the office. A SIA certified security guard & being employed io deter shopilters and reassure voiumicers.

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THE MEDWAY LEAGUE OF FRIENDS TRUSTEES’ REPORT

Many of the 2022/24 Chjectives related ip comimeng actvilies and nave been renewed for 2024/25. The fii lst set by the Trusteesic:

There ae specific goals for nese Objectives. Responsibility for each of the letter ig aesigned to an euiaedugi Trustee, and progress is regularly reviewed at Trusises’ meetings.

FINANCIAL REVIEW

The Snancial position is set cut on pages 10 io 12. Gross income from the charty's activities peraiing chops has increased Sates totaled £1,919 626 compared te £1.466,.418. Gross margins on sales resiemed the 2022 level of 41.4% up from to 36.7% # the disrupted2023 year.

MedwayThe increaseNHS inFoundationbusiness fisTrustyearandfedothersto 2 ofcomdribulion£287,402 therefrom thewasshopsa smallof deficit£267 44of £20,748.(2023 - £197,385).The chawfiy’sWithnet grantsassets toal t t he Without the seed to spel on the febric cf the new shoo and equipment m 2023, the cash at hank and shori term investments increased frorn £509,656 to £637 234.

THE MEDWAY LEAGUE OF FRIENDS

TRUSTEES’ REPORT

The Trustees reviewed the position (18 Seplember 2024) and concluded that The Medway Leaque of Friends remained a

There are restricted funds for Hospital Radio, which are explained im the notes fo the financial statements.

Reserves Policy

Last year the Trustees agreed that a Designated Reserve totalling £133,184 should be sufficient fo cover the remainder of therefurbishmentshop are beingprojectdepreciatedand furnishovera provisionthe lengthforofcoststhe leasein thegrantedevent oftobusinessthe Leagueinterruption.by the Hospital,Monies andspentas onsuchthethestructurenet bo o kf value of £363,298 is regarded as continuing Designaled reserves. As grant making has resumed to the Hospital for specific projects and for assets, sums commitied by the Trustees but not incurred at the year end, which total £87,879, have been allocated to Designafed reserves to cover them. All remaining

The trustees are responsible for preparing the Report of the Trustees and the financial stalemenis in accordance with applicablelaw and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare financial siaternents for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements the trustees are required to:

. State whether applicable accounting standards have been followed, subject to any material departures disclosed and - prepare the financial statements on the going concem basis unless it is appropriate fo presume that the charity will continuein business.

The trustees are responsible for keeping proper accounting records thal disclose vith reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports} Requlations 2008 and the provisions of the constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and defection of fraud and other irregularities.

Approvedby the rustees on 9 May 2025 and signed on their behalf

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INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE MEDWAY LEAGUE OF FRIENDS

Opinion

We have audited the financial statements of The Medway League of Friends (the ‘charity’) for the year ended 31 July 2024, which comprise the Staternent of Financial Activities, the Balance Sheet, the Cash Flow Statement and the related notes, including a surnmary of significant accounting policies. The financial reporting framework that has been applied im their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland’ (United Kingdom Generally Accepted Accounting practice).

The financial statements Rave been prepared in accordance with ‘Accounting and Reporting by Charities’preparing their accounts in accordance with the Financial Reporiing Standards applicable in the UK and Republic of ireland (FRS 102)in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

This has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2019.

We conducted our audit in accordance with International Standards on Audifing (UK) (ISAs UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors responsibilities for the audit of the financial statementsrelevant to sectionour auditofofourthereport.financialWe siaternentsare indenendentin the ofUnitedthe charityKingdom,in accordanceinchidthewithF in nathecialgethicalReportingrequirementsCouncil'sthatEthical are Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for cur opinion.

The trustees are responsiblefor the other information. The other information comprthe i nformationses included in the annual report, other than the financial statements and our Auditor's report thereon. Our opinion on the financial statemenis does not cover the other information and we de not express any form of assurance conclusion thereon. In connection with our audit of the financial stetements, our responsibility is to read the olher mformalion and, in domg so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit of otherwise appears to be materially misstated. if we identify such material inconsisiencies or apparent material misstatements,material[misstatement] we areofrequiredthe othertoinformation.determinef,whetherbased ontherethe isworka materialwe have misstaterneperlormed, weinconcludethe finathat n cialitheresiatementsis a materialor a We have nothing fo report in this regard.

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INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES GF THE MEDWAY LEAGUE OF FRIENDS

As explained more fully in the Trustees’ Responsibilities statement, the trustees are responsible for the preparation of financial staternents which give a true and fair view, and for such internal control as the trusiees determine is necessary to enable the preparation of financial statements that are free from materia! misstatement, whether due to fraud or error.

in preparing the financial statements, the wustees are responsible for assessing the charity's ably to continue as a going concem,the trusteesdisclosing,either intendas applicable,to liquidatemattersthe charityrelatedor toto ceasegoing operations,concem andof usinghave notherealisticgoing concernalternativebasisbutofto accountingdo so. unless

We have been appointed as auditor under section 144 of the CharitiesAct 2071 and report in accordancewith the Act and relevant requiations made or having effect thereunder.

Our objectives are to obiain reasonable assurance about whelher the financial slaternenis as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatementwhen il exists. Misstatementscan arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the econamic decisions of users taken on the basis of

lrequiarities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstaternents in respect of irrequiarities, including fraud. The extent to which our procedures are capable of detecting srequiarities, inchuding fraud is detailed below.

Capabilityof the audit in detecting irregularities, irciuding fraud Based on cur understarding of the Charity and the sector as a whole, and through discussion with the Trustees and other management (as required by auditing standards), we identified that the principal risks of non-compliance with laws and reguiations related to healthand safety, anti-briband employm e ntrylaw. We consideredthe extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Charities SORP (FRS 102) Second Edition (released October 2019), and other relevant charity legislation. We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit. We evaluated Trustees’ and management's incentives and opportunities for fraudulent manipulation of the fmancial stalements (including the risk of override of controls) and determined that the principal risks related to and determined that the principal risks were related to posting inappropriate journal entries to increase revenue or reduce expenditure and management bies in accounting estimates and judgemental areasof the financial statements. Audit procedures performed by the engagementteam included:

regulations and fraud: and

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INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE MEOWAY LEAGUE OF FRIENDS

Auditor'sresponsibilitiesfor the audit of the

There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due io fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audi. We also:

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal contro! that we identify during our audit.

Use of reportour This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports} Regulations 2008. Our audit work has been undertaken so thal we might state to the charity's trustees those maiters we are required to state to them in an Auditor's report and for no other purpose. To the fullest extent permitted by forlaw,thiswereport,do notoracceptfor theoropinions assume weresponsibilityhave formed.io anyone other than the charity and ffs trustees, as a body, for our audit work, Kneston Reever XXP Kreston Reeves LLP 2nd Floor Maritime Place Statutory Auditor Quayside Chatham Date. 70 May 2025 Kent, MES 402

Kreston Reeves LLP are eligible to act as gaxiiiors in terms of section 1212 of the Companies Act 2008.

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THE MEDWAY LEAGUE OF FRIENDS STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 21 JULY 2024

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|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |Unrestricted|Restricted|Total|Total| |Notes|fund|funds|2024|2023| |£|£|£|£| |INCOME AND ENDOWMENTS| |-|Donations|5,794|-|5,794|11,856| |-|Grants|1,156|-|1,150|2,500| |Fundraising|1,598|-|4,598|4,817| |-|interest on|deposit accounts|7,020|-|7,020|4,728| |Income from|charitable|activities| |~|Operation|of shops|4,919,826|-|4,919,826|1,466,418| |TOTAL INCOME|1,935,388|-|1,935,388|1,487,319| |EXPENDITURE| |Costs of raising furxis|1,605|-|4,605|4,527| |Expenditure on|charitable activities|=|4,950,076|4|456|4|254,592|4|402|633| |TOTAL EXPENDITURE|1,951,681|4456|1,356,137|4|404,154| |NET EXPENDITURE (2023|: INCOME)|(16,293)|(4,456)|(20,748)|$3,165| |Totei furuis brought forward|898,316|11,618|$09,934|826,759| |TOTAL FUNDS CARRIED FORWARD|882|O23|7,182|889,185|909,534|

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All income and expenditurederive from continuing activities.

The Statement of Financial Activities incluces 2! gains and losses recognised in the year.

The ales on pages 13 to 18 form pari of these financial statements.

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THE MEDWAY LEAGUE OF FRIENDS LANCE SHEET AT 31 JULY 2024

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|||||| |---|---|---|---|---| |Notes|2024|2023| |£|£|£|£| |FIXED ASSETS| |Tangibie fixed|assets|41|368,686|456,550| |CURRENT ASSETS| |Stocks|26,281|25,461| |Debiors and prepayments|3,174|38,957| |investments|~|124 S77| |Cash at bank and in hand|637,294|387,779| |666,749|574,074| |CREDITORS: amcunts failing due within| |one|year| |Trace creditors|&0,968|72,871| |Taxation and|social|security|32,841|3,381| |Other creditors|32|444|44|438| |146,250|420,690| |NET CURRENT ASSETS|520.499|453,384| |TOTAL ASSETS LESS CURRENT LIABILITIES|8|185|909,534| |FUNDS OF THE|CHARITY| |Unrestricted|income fund|42|882,023|898,316| |Restricted|funds|42|7,162|11,618| |TOTAL CHARITY FUNDS|$39,185|$09,934|

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The noteson pages 13 to 18 form part of these financial statements.

Approved by the trustees on 9 May 2025 and signed on their behalf

Jawtharsent

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THE MEDWAY LEAGUE OF FRIENDS CASH FLOW STATEMENT FOR THE YEAR ENDED 31 JULY 2024

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|||||||||| |---|---|---|---|---|---|---|---|---| |2024|2023| |£|£| |Cash flows from operating activities:| |Cash generated|by operations|(see below)|86,615|124,924| |Cash flows from|investing activities:| |Refund|of tangible fixed assets (2023|: purchase}|34,083|(461,601)| |interest received|7,020|4.728| |Net cash provided from (used|in) investing activities|41|O23|(456,873)| |Changein|cash|and|cash equivalei|nt|hes| |reporting|period|127|636|(331,952)| |Cash and cash equivaients|at|the beginning|of|the| |reporting|period|509,656|841 608| |Cash|and|cash|equivalents|at|the|end|of|the| |reporting period|637,294|509,656| |RECONCILIATION|OF NET INCOME TO NET|CASH FLOW FROM OPERATING ACTIVITIES| |2624|2023| |£|£| |Net expenditure|(2023|: income)|for|the|reporting period|(as per|the| |statement of financial|activities}|(20,749)|83,165| |Adjustments|for:| |Depreciation|53,861|21,109| |interest received|t7|O20)|(4,728)| |Decrease|in|stocks|(2023|:|decrease)|(820)|7,545| |Decrease|in debtors (2023|:|Increase)|35,783|(36,687)| |increase|in|creditors (2023|:|increase)|25,560|54,517| |Net cash generated by operating activities|86,815|424,821|

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THE MEDWAY LEAGUE OF FRIENDS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 33 JULY 2024

The Medway League of Friends is registered in England and Wales under the Charities Aci 2011 as a chariable incorporated organisation. The Charity's registered number and registered office address can be found within the

{a} Basis of accounting

The financial statements of the charity, which is a public benefit entity under FRS102, have been preparedin accordance with the Charities SORP (FRS 102) “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to the UK and Republic of eland (FRS 102) (effective 1 January 2019)", Financial Reporting Standard 102 “The Financial Standard applicable in the UK and Republic of Ireland” and the Charities Act 2011. The

The presentation currency of the financial statements is the Pound Sterling (£), and all amounts are rounded to the nearest Pound.

(b) Going Concern

charity's ability to continue as a going concern. There are no material uncertainties of which the Trustees are aware in

The Trustees consider that the charity has sufficient cash reserves to enable it to meet its obligations as they falldue for a periodof al least 12 months from the date of signing of these financial statements. As such, the Trusteesare satisfied that the charity has adequate resources to continue to operate for the foreseeable future and they continue to adopt the going concern basis for preparing these financial sialements.

(c) Critical accounting estimates and areas of judgement

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations on future events thet are believed in be reasonable under the circurmsiances.

There are no estimates or assumptions that have a significant risk of causing a material adjusiment to the carrying amounts of assets and liabilities in the balance sheei The League plans to redevelop %s Main Shop used for as activities and a Designated fund has been set up to cover the anticipated costs. The amount is the best estimate at

{d) income and debtors

Voluntary income, which includes donations, gifts and legacies, and fundraising income are recognised where there is enlilement, certainty of receipt and the amount can be measured with suficient relabiity.

investment income is recognised on a receivable basis anc arses from inieres bearng deposi accounts.

income from charitable activities includes the sales from the League's shops at the Medway Maritime Hospital. All amounts exclude value added tax.

Debtors are recognisedal ihe setilement amount. Prepaymentsare valued al ihe amount prepaxi.

(e) Volunteers and donated services and

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THE MEDWAY LEAGUE OF FRIENDS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

2 ACCOUNTING POLICIES (continued) @ Ewpenditure and fabites Expenditure is recognised when a lability is incurred. Grant payments are recognised when a liability or constructive arises that results in the payment being unavoidable.

Costs of generating funds are those costs incurred in alfraciing voluntary income.

Chersitable activities meclude expendiiize associated with the League's shogs and grants ofequigmentand servicesto the Medway NHS Foundation Trust and others. The expenditure includes both the direct costs and support costs relating to these activities. Governance and support costs Include central functions and have been allocated to activity cost categories om a basis consistent with the use of resources. Ligbilifies are recognised when there ic an obligation at the valance sheet date as a resullof a past event, itis probable that a transfer ofeconomic benefit willbe required in settlement, and the amount of the settlement can be estimated reliably. Ligbiities are recognised ai the amount that the charity anticipates it wil pay to selile the debor t he amount# has received as advanced payments for good or services i musi provide. ig) Finencial instruments The charity enters into basic financial instruments that resuit in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans to and frorm banks, and other third parties. Basic financial instruments are recognised at amortised amortised cost, with changes recognised in the statement of the statement of statement of of financial activities. ih) Tangible fixed assets Fixed assets are stated at historical cost less accurmulated depreciation. Depreciation is provided on all tangible fixed assetsal rates calculatedto write off the cost of each asset over its estimated useful life at the following rates: Land and buildings - over the length of the lease Hospital radio equipment - 16% on cost Shop equipment11%, 15% or 20% on cost Computer equipment - 32% on cost Assets which cost less tran £1,000 are not capitalised. (i) Stocks Stocks are included at the lower of cost and net realisable value. Stocks consists of goods for resale from the shops. @) Cash at bank and in hand Cash at bank and in hand includes cash and deposits that are available to finance the League's day to day operations ami have a maturity of three months or less from the date of acquisition, excluding amountsheld as part of an investment portfolio.

ig) Finencial instruments The charity enters into basic financial instruments that resuit in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans to and frorm banks, and other third parties. Basic financial instruments are recognised at amortised amortised cost, with changes recognised in the statement of the statement of statement of of financial activities.

ik} Funds structure

The charity has restricted income funds to account for situations where a donor requires that a donation must be spent on @ particular purpose or where furcis have been raised for a specific purpose. Other funds are uwestricied income fumds. Within those amounts the Trustees create Designated funds for particular purposes, such as the redevelopment of the Main Shop. Also the trustees receive requests from Medway NHS Foundation Trust ip make donations and purchase equipment for the Trust. Once the fustees agree that they will offer financial support, a transfer is made to a designated fund for that purpose. Unrestricted income furads not designated are general reserves available to meet the League's objectives.

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THE MEDWAY LEAGUE OF FRIENDS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 37 JULY 2024

Operation Grants Hospital Total Total
ofshops payable Radio 2024 2623
£ £ £ £ £
Shoppurchasesforresale 1,125,825 - - 4,125,625 898,207
Wagesand salaries(seenote 8) 386,767 - - 386,767 272,756
Purchaseofequipmentandother
donations (seenote 7) - 287,402 - 287,402 120,418
Bankandcard chargesandcash
processing fees 31,543 ~ - 31,543 20,903
Traveland motorexpenses §,302 - - 5,302 5,007
Depreciation 52,980 - 881 53,861 21,109
Equipmentmainienanceand
computercosts 11.256 - 4,046 42,302 18,255
Printingpostageandstationery 2447 - ~ 3,444 6,222
Telephoneand othercosts 22,094 - 3,349 25,440 20,721
Governanceand support costs
(see note 5) 19,387
1,658,392		 3,400
290,802		 62
§,338		 22,849
1,854,532		 19.035
1402,633
Theexpenditurehasbeenallocatedtoresiviciedand unresiricied fundsasfollows:
Unrestricted 1,950,078 1405,499
Restricted 4,456 (2,866)
GOVERNANCEANDSUPPORT COSTS
Charitable Total Total
activities Governance 2024 2623
£ £ € £
Audit fees - 8,250 6,250 7440
Accountancy costs ~ 4,920 4,020 4,385
Attend subscription and insurance 2,816 - 2,810 4,445
Legaland professionalfees - 2876 2,816 4,523
Staffentertaining 3,495 - 3,495 5,015
Rent 44125 ~ 1,125 1,057
Sundries 333
7,763		 -
15,086		 333
22,849		 570
49,035

5 SUPPORT FOR CHARITABLE ACTIVITIES

This table shows the income arising from and the costs for the operation of the shops and the surplus that arises

2024 2023
£ £
income 1,819,826 4 ABBATS
Costs (1,658,392) (1,275,033)
Netfunding forotheractivities 2571434 194,385
.

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THE MEDWAY LEAGUE OF FRIENDS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 37 JULY 2024

& GRANTS PAYABLE

2024 2623
£ £
MeciwayNHSFouwrdationTrust 275,952 120,418
ServicebyEmergency Response VolunteersSERV SERV(Kent) 11,450 -
287 402 120,418
Grants
to Medway NHS Foundation Trust are		 for thepurchaseofequipment
and for the fundingofvarious projects		 and
services. The main itemsfunded are:
£ £
Highflowinfusers 43,985 -
25NeoPuffs 25,750 -
Operatingtables 23,033 ~
2Surgiquest machines 21,095 -
Celisaver 21,018 -
2bladderscanners 18,685 -
Lasermachine 18,500 -
Coolingunt 16,082 -
Wall clocksfordementiateam 12,844 -
7endoffepurnps 10,036 -
Reclinerchairs fordeliverysuite 40,024 -
15defibrillators -throughoutthe hospital - 94,935
3gynaecouches -Colposcopydepartment - 414,315
7 STAFFCOSTSANDNUMBERS
2024 2022
£ £
Wagesandsalaries 359,555 258,567
Social security costs 21,639 76,714
Employer's contributiontodefined pensionscheme §,573 4,075
386,767 272,756

The average monthly sumber of employees durmg the year was 25 (2023 : 17). No employeesreceived emoluments in excess of £60,000.

There are no key management personnel other than the trustees in this, or the previous, year.

§& TRUSTEE REMUNERATION

None of the fustees have been paid any remuneration or received any other benefits. Three trusteeshave been reimbursed £1,018 for expenses incurred on behalf of the League (2023: three trustees reimbursed a total of £571). The reimbursements relete to meeting expenses and hospital radio.

§ RELATED PARTY TRANSACTIONS

There are no related party ransactions im the current year or previous year.

10 TAXATION

The League is a registered charity and mo provision is considered necessaryfor taxation.

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THE MEDWAY LEAGUE OF FRIENDS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

11 TANGIBLE FIXED ASSETS

==> picture [463 x 644] intentionally omitted <==

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |Land and|Fittings|and| |buildings|equipment|TOTAL| |£|=|£| |Cost| |- at|1|August 2023|389,839|82,888|472,727| |~ additions|(37, 583}|3,580|{34.003}| |-|reallocation|(5,353)|5,353|-| |- at 34|July 2024|346,903|94827|438,724| |Depreciation| |- at 1|August 2023|8,108|7,083|16,177| |- charge|for year|37,902|15,959|§3,861| |~at3i|July 2024|47|O18|23,028|70,038| |Net book|values| |- at 31|July 2024|299,893|68.793|388,686| |~|at 34|July 2023|380,731|75,819|456,550| |STATEMENT OF CHANGES CHANGES|IN EQUITY EQUITY| |CURRENT YEAR|General|Designated|Unrestricted|Restricted| |fund|fund|funds|funds|Total| |£|£|£|£|£| |Balance at|1|Augusi 2023|393,693|504,623|898.316|41,618|909.934| |income|4,935,388|-|1,935,388|-|1,935,388| |Expenditure|(1,251,881)|-|4,951,681}|(4456)|(41,956,132)| |Allocation|of funds|{21,303}|21,303|-|-|~| |Balance at 31|July 2024|356,097|525,926|882,023|7,162|889,185| |The|funds|held|at the yearend|date are as follows:| |- Fixed assets|63,508|299,893|363,298|§,288|368,686| |- Cash|409,287|226,033|635,420|4|B74|G37|294| |-|Net other|current assets|(116,795)|-|(116,795)|~|(116,795)| |~ Total|funds|356,097|525,926|$82,023|7,162|$89,125| |PRIOR YEAR|General|Designated|Unrestricted|Restricted| |fund|fund|funds|funds|Total| |£|£|£|£|£| |Balance|at|1|August 2022|236,767|§25,000|821,767|5,002|£26,769| |income|1|483,569|-|4,483,569|3,750|1|487,319| |Expenditure|(4|407|220)|-|(4,407,020)|2288|(1,404,154)| |Allocation|of funds|20,377|(20.377)|-|-|-| |Balance at 34|July 2023|393,893|504,623|698.316|41,618|909,934| |The|funds|held|at the year-end|date are as follows:| |- Fixed|assets|69,659|380,731|450,390|8.160|456,550| |- Cash|258,429|123,892|382,321|5,458|387,779| |-|Net|other current assets|65,605|-|65,605|-|65,605| |~ Total funds|393,683|504,623|898,316|41,618|909,934|

----- End of picture text -----

12 STATEMENT OF CHANGES CHANGES IN EQUITY EQUITY

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THE MEDWAY LEAGUE OF FRIENDS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

142 STATEMENT OF CHANGES IN EQUITY (continued)

The Designatf e udd represents the met book value of the land and buildings shown in note 11 resulting fromthe shop refurbishment plus commitments made before the year-end date to the Medway NHS Foundation Trust for grants. The restricted funds are in relation to Hospital Radio and represent several grants for capital equipment and running costs. The balance carried forward at the year-end date represents the nei book value of the equipment funded (and includedin fixed assetsin note 11) ard unspent monies for running coststo be incurred im the following year.

18