FINANCIAL sTATEMEr FOR THE PERIOD ENDED 30 SEFTEMBER 2024 FOR THORIYBURY & DISTRicf LEAGUE OF FRIENDS
THORNBURY & DISTIUCf LEAGUE OF FRIENDS INDEX TO FtNANCIAL sfATEMEIYTS Page Charity Infornixtion Report of the TrnstX8 Report of the Accountant Income and Expenditure Statement Balance Sheet Nota to the Fin4nCiAI Statements io-ii Detailed Income and Expendithre Aeeount 12-13
THORNBURY & DISTRICT LEAGUE OF FRIENDS TRUSTEES H Craig G Rawlinson A Bates P Wilkinson Chalerson S¢cretsry SECRETARY A Bates ADDRESS 5 Castl¢ Stre¢t Thornbury Bristol BS35 IHA AUDoRs Dunkley's Chart¢red AcCOtants & R¢gist¢r¢d Auditors Woodlands Grange Woodlands Lane Bradley Stoke Bristol BS32 4JY 1188291 Page I
THORNBURY & DisfRicf LEAGUE OF FRIENDS TRUSTEES, REPORT YEAR ENDED 30 SEPTEMBER 2024 The Trustees present their report along with the finanaal statements for the year to 30 September 2024. The accounts have been prepared in accordan with the accounting policles set out on page 9 and comply with applicable law. The Thornbury & District League of Friends is a registered tharity, number 1188291. The principal office is at 5 Castle Street. Thornbury, Bristol, BS35 IH PRINCIPAL ACTIVITY The principal activity of the charity in the year under review was that of fun&raising for the provision of services to fulfil the objectives of the Trust. REVIEW OF BUSINESS The results for the year and financial position of the tharity are as shown in the annexed financial Statements. RECRUITMENf AND APPOINTMENT OF TRusfEES New Trustees are appointed by current Trustees based on the enthusiasm for and commitment to the objects of the charity and to provide a broad range of skills and experience and expertise on the Board of Trustees from Thornbury and surrounding villages. TRUSTEE INDucfioN AND TRAINING Potential new Trustees attend meetings to familiarise themselves with the Trust. If appolnted as a Trustee they receive information about the responsibilities of Trustees. OBJECTS The Objects of the CIO are to relieve the need5 of people living in Thornbury and surrounding parishes who are in condition5 Of need due to ill health. old age or di5abilty by provision of practical help and support, to relieve sickness and to preserve the health of the patients of The Henderson Rehabilitation Unit in Thombury by providing the provision of equipment, facilities & services not norrnally prowded bythe NHS. We welcome new members of theTrust. OurCIO was set up a member run Trust and as a Trust we need new members to ensure that the actions taken bythe Trust are fully scrutinised and approved by as many members as possible. Hilary Craig November 2024 P88e 2
RESERVES POUCY All reserves are held forfuture expenditure on the Principal Objects of the Trust, with adequate reserves retained in the Trust Business Reserve account to meet any specific near-term needs identified by the Trustees. The exces5 of income over expenditure of £32,729 has been transferred to accumulated reseNes and is reflected in the fund balance of £497.545 on 30 September 2024. INVESTMENT POLICY As noted in the accounts 4 years ago, the Trustees invested a substantial portion of their funds with Rathbones Investment Management. The year has seen a quieter period than the previous year for the investment of these funds. This confimis the Trust policy of workin8 With Rathbones to invest for the long term and will continue to manage the funds in accordan with its Investment Policy. This, it is hoped will ensure the continuation of the Twsvs grant giving policy in the long term. RISK MANAGEMEKr The Trustees actively review the major risks which the charity faces and are confident that the systems in place and reserves held are adequate to mitigate these risks. TRusfEES RESPONSIBILMES IN RELATION TO THE FINANCIAL sfATEMENTS Charity law requires the Trustees to prepare accounts for each fiscal year which Bive a true and fair view of the state ofaffairs of the charity and of its income and expenditu for the year and complywith current statutory requirements. In preparin8 the attached accounts the Trustee5 consider they have: Selected suitable accounting policies and applied them consistently, Made judgements and estimates that are reasonable and prudent, Stated whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disdosed and explained in the financial statement5, Prepared the accounts on a going concern basis and consider this basis to be appropriate. The Trustees have responsibility for maintaining proper accounting records which disclose with reasonable accurary at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Acts. They are a150 responsible for safeguarding the charitrfs assets and for takin8 reasonable steps to prevent and detert fraud and other irregularities. Page 3
TRUSTEES During the year to 30 September 2024 the following persons have served a5 Trustees of the Thombury & District League of Friends: CHAIRPERSON: Hilary Craig TREJiSURER: Guy Rawlinson SECRETARY: Andrea Bates MEMBERSHIP SECRETARY: Paul Wilkinson TRUSTEES Drwilliam Harvey Burnham Shlrley Ford Shirley Holloway Richard Clive Parkinson Val Rickett5 Angela Symonds Vicki Townsend Geoff Watkins Pam Watkins Dr Harvey Burnham - Resigned 3011V23 Val Ricketts- Resigned 1212124 Shirley Holloway- Died 1316124 The Trustees are responsible for the overall decision making for the charity and meet everythree months to discuss fund raising, requests for funds and make decisions about where funds will be spent and how additional funds will be raised. It remains for me to record my sincere thanks to all the Trustees, members and SUPF)Orters, for their support. AUDITORS The audttors, Dunklews, will be proposed for re-appointment in accordance with the special provisions of Part 15 of the Companies Act 2006. ON BEHALF OFTHE BOARD: Mrs Hilary Craig (Chairperson) Date Page 4
Chalrfs Report to the 2024 AGM I would like to start this yearfs report with a note to thank Shirley Hollowayfor her support for the Trust and for the League of Friends of Thombury Hospital over many years. Sadly, Shirfey passed away in June. Shirley was Chair of both Trusts. only stepping down in 2021. She was Chair of thi5 Trust when it was set up in 2020 and a Trustee until she died. On behalf of all the Trustees l thank her for her unstintin8 5UPPOrt over such a long period. She will be sorely missed. The Trust held a third round of grant giving. We received 11 applications from organisations based in the Thombury area. We awarded grants to all of them and in total they received £20,335. Whilst not listing thern all, we gave money, to Ji8saw again, who support children and their families whose educational needs are not alway5 met by normal school curricula. We also gave a grant to PHASE, who provide individual counselling support to secondary aged pupils with mental health needs. Haven Memory Café. who provide support for dementia sufferers and their carers, were funded for a day trip to Gloucester t)ocks. We continue to give moneyto Krunch, thisyearto help support their open training sessions. We continued to support Great Western Air Ambulance with a grant of £2,OCKI, enough for one mission to Thornbury. We also supported a school-based chaiity for the first time, St Marfs Primary School PTA, with help towards a garden of reflection. During the accounting period we also sponsored the Rotary Club of Thornbury Swimarathon with £1,000. The President of Rotary, who is also our Treasurer. asked that thi5 sponsorship wa5 given directly to St. Peterfs Hospice. Following this sponsorship the trustees were invited to go on a tour of the Hospice. It made us all appreciate the valuable work that is carried out both at the Hospice and in the community. We continue to support the Outpatients Clinic in St Mary Centre with the provision of theirwater cooler. Along with all other recipients of the finanual supportthe Trust grants we asked Henderson Rehabilitstion Unit to complete a grant application. They did not do this and therefore we stopped supporting the unit with daily newspapers on 31 December 2023. The Trustees were disappointed with this development havingsupported Hendersonward overmanyyears. particularlywhen it was part of Thornbury Hospital. Thefourth round of grant8iwngwas being launthed atthetimeofthefinanaalyear end with applications being sought. The provision of a new health facility in Thornbury has moved forward with our new MP, Claire Young writingto the Trustto confirm thatthe funding ha5 been secured. Atthetime of writing this report plans for a new health centre were being made available for comment. It would appear that thi5 15 a replacement for the current health Cent and will not incorporate St Mary Street Surgery or any added care facilities. We hope that whenever a new is built we can support it in a constructive way. During the year we carried out a review of the Twst and how it operates. This exercise was led by an external consultant, Neil McKen, who had worked with Trustees in Setting up the Trust in 2020. It was quite a wide ranging review which was concluded by confimiin8 that the Trust was still providing the right support. wa the provision of 8rants, for health care in the tommunity. Page 5
The costs of running the Trust are low; there are costs associated in managing significant investments and normal administrative costs for the trust, but other than these, we are proud to be able to say that all the money raised during the year can be added to the grant giving budget. A local choir, the Thombury Good Afternoon Choir, chose TADLOF as their charity for 2024. They held a concert in March with proceeds being donated to the Trust. It was pleasing to be able to tell the audience that all the money would be used to increase our grant budget. We continue to sell Twust Christmas cards to raise the profile of the Trust. In addition, we also held a summer partywhich was well attended with entertainment provided by the Good Aftemoon Choir. We welcomed Paul Wilkinson and Vicki Townsend as new Trustees at our AGM. They have already made a valuable tontfibution, helpingto organise events and Paul has become our Membership Secretary. We welcome new members of the Trust. Our CIO was set up as a member managed Trust and we need new members to ensure that the actions taken by the Trust are fijlly scrutinised and approved. The number of numbers is very lowl This will be my last report as Chair of the Trust as I will be stepping down. I would like to thank my fellow Trustees for all that they have done during my temi as Chair. in particular Andrea as our Secretary and Guy as our Treasurer. They have ensured the smooth running of our Trust, particularly our grant giving programme. Hilary Craig November 2024 Page 6
THORNBURY & DISTRICT LEAGUE OF FRIENDS REPORT OF TAE ACCOUNTMTS TO THE TRusfEES OF THORNBURY & DISTRIcf LEAGUE OF FRIENDS This is made solely to the so¢i¢ty's members, &s a IK)dy. in accordance with the Friendly Societies Act 1992. We prepared without carrying out an audit the financial statemcnts from th¢ accounting records of Thombury & District Leagu¢ of Friends and from infoall0 and explanations supplied to us. To the Ilest extent pern)itted by law. we do not accept or assume responsibilily to anyone other than the society and the society's members &s alx)dy, for out audit worK for this report, or for the opinions we have fom]ed. RFSPEcfivE RESPONSIBILITIES OF TRusfEES AND AUDITORS As described on pages thrc¢ and four. th¢ charity's TTUStees are Tesw)nsible for prep8rmg tbe fin8ncial statements in accordance with applicable law and United Kingdom Accounting Standards are set out in the Staiement of TnLStrt8 Responsibilities. Our responsibility is to prepare the financial statements in accordance with r¢E¢vant l¢gai and regulatory r¢quir¢m¢nts and United Kingdom Accountillg StatKlarts. We report to youour opinion &s to wdetherthe fllwKial statements give atnK end fairviwand are properly pr¢pared in aOrdance with th¢ Friendly Societies Act 1992. We also Teport to you if. in our opinion. the tnL8tees' rep)rt is not consistent with the finaDcial slatements. if the charity has not kept proper accounting records, if a satisfactory system of internal control has not Eeen established and nwintained, or if we have not T¢c¢ived all the ItonnatiOn and explanation5. We tequire lor preparing the accounts. OPINION In OUT opinion, the flllancial statements give a true and fair view of the slate of the charity's affairs as at 30 Sept¢mbeT 2024 and of its exce&s of expenditure over income for the year then ended and they have been properly prepared in accordance with the Friendly Soci(#ies Act 1992. Dunkley's Chartered Accountants & Registered Auditors Woodlands Grdllge Woodlands Lane Bradl¢y Stok¢ Bristol BS32 4JY Date Page 7
TIIORISBURY & DISTRIcf LEAGbl OF FRIENDS INCOME AND EXPENDITURE SrATEIENr FOR THE PERIOD ENDED 30 SEPTEMBER 2024 2024 2023 INCOME Investtnents 11,195 100 10,242 loo Fund-raising and donations Memlxrships Revaluations 105 256 40.480 1,523 349 13,836 680 Sale of Goods Bank Interest 478 Piano saIe Donations 80 li io 53.763 18,415 25,682 24,042 4,079 INDtREcf EXPENDITURE DIRECT CHAIUTABLE EXPEM)rruRE EXCESSI(DEFICIT) OF INCOME OVER EXPENDITURE ON NORMAL AcrivrrIES (2,439) TOTAL RECOGNISED GAINS AND LO&SKS The charity has a recognised gain of £41,5(K> OD inv¢sth]ents. CONTINUING OPERATIONS The charity is registered with the c1)arAti conmiOn in the above perio(L The notesfornip¢wt ofthesefvncialstatemeptrs Page 8
THORNURY DISTRIcf & LFAGUE OF FRIENDS BALANCE SHEET AS AT 30 SEPTEMBER 2024 2024 2023 CURRENT ASSETS Cash in Hand C&sh at Bank Investments 21.847 475.687 497.545 40.799 424,012 464,816 Capital Account Balance brought forward Exc¢ssl(Deficit) of Income Balanc¢ carri¢d forward 464,816 32,729 497,545 467255 (2.439) 464,816 G Rawlin50n (Trustee) Approved by the Board of Trnstees on: The nolesformrI ofihesefmancialstalements Page 9
TH0BuRy DISTiucf & LEAGLT OF FRIENry)S NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 SEvfEMBFR 2024 ACCOUNfiNG POLICIES BASIS OF PREPARATION These flnancial statements ar¢ tb¢ acwunts olthe Thornbury & District League of Friends charity and do not include accounts of any other cllarity that may using the same name. The fLnanCi statements have been prepared under the bistorical cost convention and have been prepa1 on a basis to include income as cash is received and expenditure on an eXnd1tL basis as it is incunyd. The recommendation of SORP 2019 ('Accounting by Charities,) have been followed in the preparation of th¢ fllkqncl statements. FUND ACCOUThNG The ChIty's general consist of funds which the charity may use for its pue at its discretion. VOLUNfARY INCOM All voluntary income is included in income on CeIpL Cash in transit is not included as incotn¢ until it been received at headquarters. INDIRECT EXPENDffURE Indirect expenditure comprises all costs incurred in n]nning the ckwity which cannot be directly allocated to the charity's projects or to fimd-raisin& DIREcf CHARITABLE EXPENDrruRE Fund-rdisiug cxpenditure comprises costs incurred for the fulfilment of its PUV to provide gifts and equipment for patients to promote a comfortable environm&rt for the duration of theiT Stay. Page 10
THORNBURY DISTRIcf & LEAGUE OF FRIENDS NOTES TO THE FINANCIAL STATEMENTS FOR THE PERtOD ENDED 30 SEPTEMBER 2024 FIXED ASSETS 2024 2023 INVESTMENTS Market value 30.0923 Purch&ses Movements in the year 424.012 28.655 399,936 20,523 Sales Rathbones portfolio fee5 Net investments gains/(losses) (14.443) (4,037) 41.500 (27,395) (3,742) 34,690 Mket value 30.09.24 475,687 424,012 C05t 30.09.23 423.543 415,716 Pagell
THORNBURY DISTIUCT & LEAGUE OF FRIENDS DETAILED INCOME AND EKPENDITURF, ACCOUNT FOR THE PTr:KIOI) b.NDF.D 30 SEYfEMBER 2024 2023 1cOmE Fulldraiging RathlM)nes Portfolio DonstioA¥ Legacies 100 Income from Invattllents Dividends trceived 7,875 3,320 7,416 2,826 Interest received 11.195 10.242 ReY4luatioDs Rathbones Investtnent Portfolio 11,295 10.342 40,480 13,836 40,480 13.836 51.775 24,178 Other Raffl¢ monies Coffee machit Piano sale Other (kTrnations Sale of Gthds Bank Int¢rest Memberships 80 io li 1.523 349 105 680 478 256 1.988 1.504 TOTAL INCOME Illdirect Expenditure Advcrtising HaIl Hire Goods for Resa]e Donations Repairs and renewa15 Consultancy Fees Accountsncy Subscriptions Stationery & Printing Rathbones wrtfolio fees Other ext*nses Grants 53.763 25.682 243 148 648 109 185 98 88 391 16,875 97 22.315 19.415 24,042 Page 12
THORNTURY DIsniicf & LEAGUE OF FRIENDS DETAILED INCOLME AND EXPENDrruRE ACCOUhT FOR THE PEIUOD EM)ED 30 SEVtEMBER 2024 2024 2023 DIRECT CHARITABLE EXPENDITLTRE Presents to Patients and Staff Flowers Newspapers and Magazines Gifts 578 316 2,379 I,oio 894 3,389 kneDiti 725 690 725 690 21,034 28,121 EXCESSI(DEFICIT) OF INCOME OVER EXPEYDrruRE 32,729 (2,439) Page 13