**REGISTERED COMPANY NUMBER: CE030275 (England and Wales) REGISTERED CHARITY NUMBER: 1200507** 

## **REPORT OF THE TRUSTEES AND** 

**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024** 

## **FOR** 

## **LEAGUE OF FRIENDS OF MARLOW HOSPITAL** 

Richardson Jones Chartered Accountants Mercury House 19-21 Chapel Street Marlow Buckinghamshire SL7 3HN 



**LEAGUE OF FRIENDS OF MARLOW HOSPITAL** 

## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024** 

|||**Page**||
|---|---|---|---|
|**Report of the Trustees**||1||
|**Statement of Financial Activities**||2||
|**Balance Sheet**||3||
|**Notes to the Financial Statements**|4|to|5|
|**Detailed Statement of Financial Activities**||6||





## **LEAGUE OF FRIENDS OF MARLOW HOSPITAL** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024** 

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 2024. The trustees have adopted the provisions of Accounting 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 (FRS 102) (effective 1 January 2019). 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT** 

## **Governing document** 

The charity is controlled by its governing document, a constitution, and constitutes a Charitable Incorporated Organisation, as defined by the Charities Act 2011. 

In June 2022, the trustees formed a CIO, with the object of transferring all the assets of the existing unincorporated charity into this new organisation. The CIO was registered with the Charity Commissioners on 29 September 2022. The transfer of assets was agreed on 20 July 2023 and was commenced during in the year ended 31st March 2024. The trustees intend completing this transfer by 31st March 2025. 

These financial statements have been prepared on the basis of the two entities having already merged, as this remains the full intention of the trustees. 

## **REFERENCE AND ADMINISTRATIVE DETAILS** 

## **Registered Company number** 

CE030275 (England and Wales) 

## **Registered Charity number** 

1200507 

## **Registered office** 

Lacemaker House 5-7 Chapel Street Marlow Buckinghamshire SL7 3HN 

## **Trustees** 

P A R Land Dr M Johnson Dr A Galvin Mrs H Hollywood (resigned 9.10.23) S Bramhall (resigned 17.7.23) J Heighway 

## **Company Secretary** 

Approved by order of the board of trustees on 6th November 2024 and signed on its behalf by: 

P A R Land - Trustee 

Page 1 



**LEAGUE OF FRIENDS OF MARLOW HOSPITAL** 

## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024** 

||||31.3.24|31.3.23|
|---|---|---|---|---|
||||Unrestricted||
||||fund|Total funds|
||Notes||£|£|
|**INCOME AND ENDOWMENTS FROM**|||||
|Investment income||2|15,705|16,438|
|**EXPENDITURE ON**|||||
|Raising funds||3|735|1,036|
|**Charitable activities**|||||
|Other charitable activities|||1,573|1,590|
|Hospital build|||19,946|125,509|
|Other|||2,346|3,052|
|**Total**|||24,600|131,187|
|Net gains/(losses) on investments|||22,603|(38,469)|
|**NET INCOME/(EXPENDITURE)**|||13,708|(153,218)|
|**RECONCILIATION OF FUNDS**|||||
|Total funds brought forward|||532,245|685,463|
|**TOTAL FUNDS CARRIED FORWARD**|||545,953|532,245|
||||||



The notes form part of these financial statements 

Page 2 



## **LEAGUE OF FRIENDS OF MARLOW HOSPITAL** 

## **BALANCE SHEET 31ST MARCH 2024** 

|||31.3.24|31.3.23|
|---|---|---|---|
|||Unrestricted||
|||fund|Total funds|
|Notes||£|£|
|**CURRENT ASSETS**||||
|Investments|5|391,434|368,752|
|Cash at bank||154,519|163,493|
|||545,953|532,245|
|**NET CURRENT ASSETS**||545,953|532,245|
|**TOTAL ASSETS LESS CURRENT LIABILITIES**||545,953|532,245|
|**NET ASSETS**||545,953|532,245|
|**FUNDS**||||
|Unrestricted funds||545,953|532,245|
|**TOTAL FUNDS**||545,953|532,245|
|||||



The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024. 

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006. 

## The trustees acknowledge their responsibilities for 

- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and 

- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. 

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. 

The financial statements were approved by the Board of Trustees and authorised for issue on 6th November 2024 and were signed on its behalf by: 

P A R Land - Trustee 

The notes form part of these financial statements 

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**LEAGUE OF FRIENDS OF MARLOW HOSPITAL** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024** 

## **1. ACCOUNTING POLICIES** 

## **Basis of preparing the financial statements** 

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting 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 (FRS 102) (effective 1 January 2019)', 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. 

## **Expenditure** 

Liabilities are recognised 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 will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis 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 activities on a basis consistent with the use of resources. 

## **Taxation** 

The charity is exempt from corporation tax on its charitable activities. 

## **Fund accounting** 

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 objects of the charity. Restrictions arise when specified by the donor or when funds 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. 

## **2. INVESTMENT INCOME** 

|Deposit account interest<br>Investment income<br>**RAISING FUNDS**<br>**Investment management costs**<br>Investment fees|31.3.24<br>£<br>1,299<br>14,406<br>15,705<br>31.3.24<br>£<br>735|31.3.23<br>£<br>434<br>16,004<br>16,438<br>31.3.23<br>£<br>1,036|
|---|---|---|



## **3. RAISING FUNDS** 

continued... 

Page 4 



**LEAGUE OF FRIENDS OF MARLOW HOSPITAL** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2024** 

## **4. TRUSTEES' REMUNERATION AND BENEFITS** 

There were no trustees' remuneration or other benefits for the year ended 31st March 2024 nor for the year ended 31st March 2023. 

## **Trustees' expenses** 

There were no trustees' expenses paid for the year ended 31st March 2024 nor for the year ended 31st March 2023. 

## **5. CURRENT ASSET INVESTMENTS** 

31.3.24 31.3.23 £ £ AJ Bell Investment 391,434 368,752 

## **6. RELATED PARTY DISCLOSURES** 

There were no related party transactions for the year ended 31st March 2024. 

Page 5 



**LEAGUE OF FRIENDS OF MARLOW HOSPITAL** 

## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024** 

|**INCOME AND ENDOWMENTS**<br>**Investment income**<br>Deposit account interest<br>Investment income<br>**Total incoming resources**<br>**EXPENDITURE**<br>**Investment management costs**<br>Investment fees<br>**Charitable activities**<br>Hospital build<br>Gardening<br>Staff Wellbeing<br>**Support costs**<br>**Management**<br>Insurance<br>**Finance**<br>Bank charges<br>**Governance costs**<br>Accountancy and legal fees<br>Total resources expended<br>**Net expenditure before gains and losses**<br>**Realised recognised gains and losses**<br>Realised gains/(losses) on fixed asset investments<br>**Net expenditure**|31.3.24<br>£<br>1,299<br>14,406<br>15,705<br>15,705<br>735<br>19,946<br>1,440<br>133<br>21,519<br>-<br>6<br>2,340<br>24,600<br>(8,895)<br>-<br>(8,895)|31.3.23<br>£<br>434<br>16,004<br>16,438<br>16,438<br>1,036<br>125,509<br>1,440<br>150<br>127,099<br>800<br>-<br>2,252<br>131,187<br>(114,749)<br>13,272<br>(101,477)|
|---|---|---|



This page does not form part of the statutory financial statements 

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