FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 SEPTEMBER 2025
FOR
THORNBURY & DISTRICT LEAGUE OF FRIENDS
THORNBURY & DISTRICT LEAGUE OF FRIENDS
INDEX TO FINANCIAL STATEMENTS
| Page | |
|---|---|
| Charity Information | 1 |
| Report of the Trustees | 2-6 |
| Report of the Accountant | 7 |
| Income and Expenditure Statement | 8 |
| Balance Sheet | 9 |
| Notes to the Financial Statements | 10-11 |
| Detailed Income and Expenditure Account | 12-13 |
THORNBURY & DISTRICT LEAGUE OF FRIENDS CHARITY INFORMATION
| TRUSTEES | V Townsend | Chairperson |
|---|---|---|
| G Rawlinson | Treasurer | |
| A Bates | Secretary | |
| P Wilkinson | Membership Secretary | |
| SECRETARY | A Bates | |
| ADDRESS | 5 Castle Street | |
| Thornbury | ||
| Bristol | ||
| BS35 1HA | ||
| AUDITORS | Dunkley’s | |
| Chartered Accountants & Registered Auditors | ||
| Woodlands Grange | ||
| Woodlands Lane | ||
| Bradley Stoke | ||
| Bristol BS32 4JY | ||
| CHARITY NUMBER | 1188291 |
Page 1
THORNBURY & DISTRICT LEAGUE OF FRIENDS TRUSTEES’ REPORT YEAR ENDED 30 SEPTEMBER 2025
The Trustees present their report along with the financial statements for the year to 30 September 2025.
The accounts have been prepared in accordance with the accounting policies set out on page 10 and comply with applicable law.
The Thornbury & District League of Friends is a registered charity, number 1188291. The principal office is at 5 Castle Street, Thornbury, Bristol, BS35 1HA.
PRINCIPAL ACTIVITY
Thornbury & District League of Friends will give grants to organisations in Thornbury and surrounding parishes, who work with people with health-related and wellbeing needs, diagnosed or otherwise, where such assistance is not typically provided through the NHS.
REVIEW OF BUSINESS
The results for the year and financial position of the charity are as shown in the annexed financial statements.
RECRUITMENT AND APPOINTMENT OF TRUSTEES
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 INDUCTION AND TRAINING
Potential new Trustees attend meetings to familiarise themselves with the Trust. If appointed as a Trustee they receive information about the responsibilities of Trustees.
OBJECTS
The relief of those in need, (both physical and mental) by reason of youth, age, ill-health, disability, financial hardship or other disadvantage for people of all ages in Thornbury and surrounding parishes through the provision of practical help and support.
We welcome new members of the Trust. Our CIO was set up a member run Trust and as a Trust we need new members to ensure that the actions taken by the Trust are fully scrutinised and approved by as many members as possible.
Vicki Townsend December 2025
Page 2
RESERVES POLICY
All reserves are held for future expenditure on the Principal Objects of the Trust, with adequate reserves retained in the Trust Rathbones Investment Management and the Trust Business Reserve account to meet any specific near term needs identified by the Trustees.
The excess of income over expenditure of £12,761 has been transferred to accumulated reserves and is reflected in the fund balance of £510,306 on 30 September 2025.
INVESTMENT POLICY
As noted in the accounts 5 years ago, the Trustees invested a substantial portion of their funds with Rathbones Investment Management. The year has been one of overall growth for the fund. As a consequence the Trust passed a motion to begin drawing an income and funds from the account to support our grant awards programme. Rathbones are investing on our behalf for the long term and will continue to manage the funds in accordance with its Investment Policy. This, it is hoped will ensure the continuation of the Trust’s grant giving policy.
RISK MANAGEMENT
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.
TRUSTEES RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS
Charity law requires the Trustees to prepare accounts for each fiscal year which give a true and fair view of the situation of the charity and of its income and expenditure for the year and comply with current statutory requirements. In preparing the attached accounts the Trustees 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 disclosed and explained in the financial statements. 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 accuracy 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 also responsible for safeguarding the charity’s assets and for taking reasonable steps to prevent and detect fraud and other irregularities.
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TRUSTEES
During the year to 30 September 2025 the following persons have served as Trustees of the Thornbury & District League of Friends.
CHAIRPERSON: Vicki Townsend TREASURER: Guy Rawlinson SECRETARY: Andrea Bates MEMBERSHIP SECRETARY: Paul Wilkinson
TRUSTEES
Shirley Ford Cheryl Meredith Richard Clive Parkinson Angela Symonds Pam Watkins
Hilary Craig (Resigned 30[th] November 2024) Geoff Watkins (Resigned 30[th] November 2024)
The Trustees are responsible for the overall decision making for the charity. The Trustees meet every three 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 volunteers, supporters, and the Trustees for their support.
AUDITORS
The auditors, Dunkley’s, will be proposed for re-appointment in accordance with the special provisions of Part 15 of the Companies Act 2006.
ON BEHALF OF THE BOARD:
Mrs Vicki Townsend (Chairperson)
Date
Page 4
Chair’s Report to the AGM of Thornbury and District League of Friends (21[st] November 2025)
As the new Chair this year, I am pleased to present this the fifth Chair’s report. Having taken over earlier in the year from Hilary Craig, who has also stepped down as a Trustee, I would like to thank her for her hard work as the Chair for two years and as a Trustee for many years.
The Trust has had another significant year in pursuing its main aim: supporting local health and wellbeing causes. As in previous years, this has been through helping various organisations deliver their own objectives by granting them money or sponsoring their events.
The Trust held its fourth round of grant-giving supporting 17 organisations based in the Thornbury and the surrounding area. We awarded grants amounting to £30,286. Whilst not listing them all, we gave money, to Jigsaw again, who support children and their families whose educational needs are not always met by normal school curricula. Over the four years that we have run the grant scheme we have awarded them over £15,000. We also gave a grant to PHASE, who provided individual counselling support to secondary aged pupils with mental health needs. Unfortunately, during the year, they ceased their operations. Haven Memory Café, who provide support for dementia sufferers and their carers, were funded for a day trip for their members. We continued to give money to Krunch, this year to help support their open training sessions. We again supported Great Western Air Ambulance with a grant of £2,200, enough for one mission to Thornbury.
After a break of a year, we awarded a grant to New Siblands School for sensory equipment.
We widened our scope by granting money to St Peter’s Hospice for the first time as well as Let’s Sing to Remember, Thornbury Stroke Support Group, Thornbury Community Orchard, the INSPIRE Trust and BRACE, Thornbury in Bloom and the Friends of Bristol Haematology Charity.
To help raise our profile we bought a large ‘cheque’ to enable us to present the cheque to the recipients. This certainly raised our profile, the number of enquiries for our grant round increased significantly!
We also widened our involvement by linking with other charities. Together with the lead Charity, Thornbury Lions, the Rotary Club of Thornbury and Thornbury Round Table we each paid a quarter of the cost of 60 prostate screening tests.
We continue to support the Outpatients Clinic in St Mary Centre with the provision of their water cooler. In addition, they have increased their pre and post maternity services and have now rented the upstairs area of their clinic in St Mary Centre. Unfortunately, whilst they were able to rent the floor, the NHS did not have the budget to furnish it. The League stepped in and paid for four large filing cabinets and a large conference table together with a dozen chairs to enable presentations to be given.
Over the four years of grant awards we have supported local health and wellbeing causes to the tune of over £87,000.
After the grants were awarded, we decided to raise the profile of the Trust by handing over a cheque at one of each recepients’ events. To enable this, we invested in a large presentation ‘cheque’. The approach was well received by all.
The fifth round of grant-giving was being launched at the time of the financial year end and the number of applications is already well above the year covered by this report.
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.
When the Trustees launched the trust in 2020 it coincided with receiving a legacy of nearly half a million pounds. Most of this legacy was invested with Rathbones Investment Management. The plan was that this would be the source of income for our grant-awarding programme. I am pleased to say that, thanks to their expert management, the funds have appreciated to such an extent that we will be drawing funds from it for the coming year's grants.
To help funds, a local choir, the Thornbury Good Afternoon Choir, chose TADLOF as their charity for 2024 and raised £487.
We continue to sell Christmas cards to raise the profile of the Trust. We attended the Thornbury Christmas Lights Switch on event in November 2024 as part of raising our profile in the community. In addition, we also held a summer party which was not as well attended as we had hoped, the event coinciding with one of the four heatwaves of the summer! However, the leaders of the Let’s Sing to Remember group lead our community singing which raised our spirits.
We welcomed Cheryl Meredith as a new Trustee, who had been a member for many years. Thank you for stepping up! In addition to Hilary Craig stepping down as a Trustee, we were sorry to see Geoff Watkins step down. Geoff had been a Trustee and past Treasurer for many years. He will be missed. The number of members is still falling. We would 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 fully scrutinised and approved.
I would like to thank my fellow Trustees for all that they have done during my year 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-awarding programme.
Vicki Townsend November 2025
Page 6
THORNBURY & DISTRICT LEAGUE OF FRIENDS REPORT OF THE ACCOUNTANTS TO THE TRUSTEES OF THORNBURY & DISTRICT LEAGUE OF FRIENDS
This report is made solely to the society’s members, as a body, in accordance with the Friendly Societies Act 1992. We prepared without carrying out an audit the financial statements from the accounting records of Thornbury & District League of Friends and from information and explanations supplied to us. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the society and the society’s members as a body, for our audit work, for this report, or for the opinions we have formed.
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND AUDITORS
As described on pages three and four, the charity’s Trustees are responsible for preparing the financial statements in accordance with applicable law and United Kingdom Accounting Standards are set out in the Statement of Trustees Responsibilities.
Our responsibility is to prepare the financial statements in accordance with relevant legal and regulatory requirements and United Kingdom Accounting Standards.
We report to you our opinion as to whether the financial statements give a true and fair view and are properly prepared in accordance with the Friendly Societies Act 1992. We also report to you if, in our opinion, the trustees’ report is not consistent with the financial statements, if the charity has not kept proper accounting records, if a satisfactory system of internal control has not been established and maintained, or if we have not received all the information and explanations, we require for preparing the accounts.
OPINION
In our opinion, the financial statements give a true and fair view of the state of the charity's affairs as at 30 September 2024 and of its excess of expenditure over income for the year then ended and they have been properly prepared in accordance with the Friendly Societies Act 1992.
Dunkley’s Chartered Accountants & Registered Auditors Woodlands Grange Woodlands Lane Bradley Stoke Bristol BS32 4JY
Date
Page 7
THORNBURY & DISTRICT LEAGUE OF FRIENDS INCOME AND EXPENDITURE STATEMENT FOR THE PERIOD ENDED 30 SEPTEMBER 2025
| INCOME Investments Fund-raising and donations Memberships Revaluations Sale of Goods Bank Interest Donations INDIRECT EXPENDITURE DIRECT CHARITABLE EXPENDITURE EXCESS/(DEFICIT) OF INCOME OVER EXPENDITURE ON NORMAL ACTIVITIES |
2025 £ 20,366 100 40 23,225 1,605 116 - 45,452 32,166 525 12,761 |
2024 £ 11,195 100 105 40,480 1,523 349 11 |
|---|---|---|
| 53,763 18,415 2,619 |
||
| 32,729 |
TOTAL RECOGNISED GAINS AND LOSSES
The charity has a recognised gain of £55,058 on investments.
CONTINUING OPERATIONS
The charity is registered with the Charities Commission in the above period.
The notes form part of these financial statements
Page 8
THORNURY DISTRICT & LEAGUE OF FRIENDS BALANCE SHEET AS AT 30 SEPTEMBER 2025
| CURRENT ASSETS Cash in Hand Cash at Bank Investments FUNDS Capital Account Balance brought forward Excess/(Deficit) of Income Balance carried forward G Rawlinson (Trustee) Approved by the Board of Trustees on: |
2025 £ 49 979 509,278 510,306 497,545 12,761 510,306 |
2024 £ 11 21,847 475,687 |
|---|---|---|
| 497,545 | ||
| 464,816 32,729 |
||
| 497,545 | ||
The notes form part of these financial statements
Page 9
THORNBURY DISTRICT & LEAGUE OF FRIENDS NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 SEPTEMBER 2025
ACCOUNTING POLICIES
BASIS OF PREPARATION
These financial statements are the accounts of the Thornbury & District League of Friends charity and do not include accounts of any other charity that may be using the same name.
The financial statements have been prepared under the historical cost convention and have been prepared on a cash basis to include income as cash is received and expenditure on an expenditure basis as it is incurred.
The recommendation of SORP 2019 (‘Accounting by Charities’) have been followed in the preparation of these financial statements.
FUND ACCOUNTING
The charity’s general funds consist of funds which the charity may use for its purpose at its discretion.
VOLUNTARY INCOME
All voluntary income is included in income on receipt.
Cash in transit is not included as income until it has been received at headquarters.
INDIRECT EXPENDITURE
Indirect expenditure comprises all costs incurred in running the charity which cannot be directly allocated to the charity’s projects or to fund-raising.
DIRECT CHARITABLE EXPENDITURE
Fund-raising expenditure comprises costs incurred for the fulfilment of its purpose to provide gifts and equipment for patients to promote a comfortable environment for the duration of their stay.
Page 10
THORNBURY DISTRICT & LEAGUE OF FRIENDS NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 SEPTEMBER 2025
| FIXED ASSETS INVESTMENTS Market value 30.09.24 Purchases Movements in the year Sales Rathbones portfolio fees Net investments gains/(losses) Market value 30.09.25 Cost 30.09.25 |
2025 £ 475,687 36,321 - (53,562) (4,226) 55,058 509,278 421,849 |
2024 £ 424,012 28,655 - (14,443) (4,037) 41,500 475,687 423,543 |
|---|---|---|
Page 11
THORNBURY DISTRICT & LEAGUE OF FRIENDS DETAILED INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD ENDED 30 SEPTEMBER 2025
| INCOME Fundraising Rathbones Investment Portfolio Donations Legacies Income from Investments Dividends received |
2025 £ £ 10,000 10,000 100 7,534 2,832 10,100 10,366 20,466 23,225 23,225 - - - 43,691 1,605 116 40 1,761 45,452 |
2025 £ £ 10,000 10,000 100 7,534 2,832 10,100 10,366 20,466 23,225 23,225 - - - 43,691 1,605 116 40 1,761 45,452 |
2024 £ £ - - 100 7,875 3,320 100 11,195 11,295 40,480 40,480 - - 11 51,775 1,523 349 105 1,988 53,763 |
2024 £ £ - - 100 7,875 3,320 100 11,195 11,295 40,480 40,480 - - 11 51,775 1,523 349 105 1,988 53,763 |
|---|---|---|---|---|
| 7,534 2,832 23,225 |
7,875 3,320 40,480 |
|||
| 10,100 10,366 |
100 11,195 |
|||
| Interest received | ||||
| Revaluations Rathbones Investment Portfolio Other Raffle monies Coffee machine Piano sale Other donations Sale of Goods Bank Interest Memberships TOTAL INCOME |
||||
| 20,466 | 11,295 40,480 |
|||
| 23,225 | ||||
- - - 1,605 116 40 |
- - 11 1,523 349 105 |
|||
| 43,691 1,761 |
51,775 1,988 |
|||
| 45,452 | 53,763 |
Page 12
THORNBURY DISTRICT & LEAGUE OF FRIENDS DETAILED INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD ENDED 30 SEPTEMBER 2025
| 2025 £ £ Indirect Expenditure Advertising 251 Hall Hire 175 Goods for Resale - Donations Repairs and renewals Consultancy Fees Accountancy Subscriptions - - - 696 245 Stationery & Printing Rathbones portfolio fees Other expenses Grants 128 - 385 30,286 32,166 DIRECT CHARITABLE EXPENDITURE Presents to Patients and Staff Flowers - Newspapers and Magazines - Gifts 365 365 Amenities Insurance 160 160 32,691 EXCESS/(DEFICIT) OF INCOME OVER EXPENDITURE 12,761 |
2025 £ £ 251 175 - - - - 696 245 128 - 385 30,286 |
2025 £ £ 251 175 - - - - 696 245 128 - 385 30,286 |
2024 £ £ 243 148 - 1,000 - - 660 - 98 - 391 16,875 19,415 - 578 316 894 725 725 21,034 32,729 |
2024 £ £ 243 148 - 1,000 - - 660 - 98 - 391 16,875 19,415 - 578 316 894 725 725 21,034 32,729 |
2024 £ £ 243 148 - 1,000 - - 660 - 98 - 391 16,875 19,415 - 578 316 894 725 725 21,034 32,729 |
|---|---|---|---|---|---|
| 32,166 | - 578 316 |
||||
| 365 | 725 | ||||
| 160 | |||||
| 32,691 | |||||
| 12,761 | 32,729 |
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