REGISTERED CHARITY NUMBER: 1209438
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 5 AUGUST 2024 TO 31 MARCH 2025
FOR
LEAGUE OF FRIENDS ROYAL DERBY HOSPITAL
Johnson Tidsall Limited Chartered Accountants 81 Burton Road Derby Derbyshire DE1 1TJ
LEAGUE OF FRIENDS ROYAL DERBY HOSPITAL
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD 5 AUGUST 2024 TO 31 MARCH 2025
| Page | |
|---|---|
| Report of the Trustees | 1 to 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Cash Flow Statement | 8 |
| Notes to the Cash Flow Statement | 9 |
| Notes to the Financial Statements | 10 to 13 |
| Detailed Statement of Financial Activities | 14 |
LEAGUE OF FRIENDS ROYAL DERBY HOSPITAL
REPORT OF THE TRUSTEES FOR THE PERIOD 5 AUGUST 2024 TO 31 MARCH 2025
The trustees present their report with the financial statements of the charity for the period 5 August 2024 to 31 March 2025. 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objectives of the charity are:
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To provide items, services and facilities for Patients, Staff and Visitors, to help and support patients and generally to uphold the charitable work of the said Hospital.
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For the purpose of carrying out the above Object, but not otherwise, the charity Trustees shall have the following powers:a) to raise funds and to invite and receive contributions from any person or persons or organisations whatsoever by way of subscription, donation or legacies and to raise funds by the operation of retail outlets.
b) to take and accept gifts of property, whether subject to any special trust or not, for the Object of the League of Friends, Royal Derby Hospital.
c) to enhance the service provided by the Royal Derby Hospital for the health and welfare of the patients there in by the provision of facilities, support services and equipment not normally provided by the statutory authorities.
Significant activities
The focus of our expenditure is the financing of medical equipment for use in the hospital. An annual allocation is made from available finance, having regard for the maintenance of adequate reserves. The Trustees apportion the allocation from a comprehensive list provided by the hospital of equipment required.
In planning our activities for the year, we keep in mind the Charities Commission's guidance on public benefits at our trustee meetings.
Volunteers
This year there have been two volunteer's meals organised in the Summer and at Xmas at the Mickleover Golf Club, the Xmas one being subsided by the Hospital Charities as a thank you to our members.
Other thank yous have come from the Hospital in the form of Long Service Awards and also in May and June all our volunteers had access to the activities the hospital organised during Volunteers week including tours, trips and a meal at the Mickleover Court Hotel.
Website
Our Trustees being acutely aware of our lack of volunteers identified a need to make the public more aware of our charity, in addition to advertising in local magazines and handouts, Jan spoke with Radio Derby. However, it was felt we needed something more permanent. Here we must thank one of our new members Sheila Haswell whose working life included experience of creating websites. She has created for us both a Facebook page and a website that can be found at www.leagueoffriendsrdh.org.uk
These give us a more professional internet presence as well as access to linked email addresses rather than using our personal ones.
ACHIEVEMENT AND PERFORMANCE
The net surplus on sales is £47,598. If you add this to the surplus made in the old charity, Friends of Royal Derby Hospital, it makes a total surplus of £172,668, an increase of £22,326 on the previous year in the Friends of Royal Derby Hospital.
The cost of medical equipment purchased during the year was £170,475 (including equipment purchased in Friends of Royal Derby Hospital), which included some items carried forward from last year. In September 2024, we agreed a further list of items to buy, so we have made a further commitment of £157,018 to cover this list.
FINANCIAL REVIEW
Investment policy and objectives
There are no restrictions on the charity's power to invest. The investment policy is assessed by the Treasurer and decisions made with the assistance of the committee. The overall strategy is to continue to invest in low-risk deposit accounts.
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LEAGUE OF FRIENDS ROYAL DERBY HOSPITAL
REPORT OF THE TRUSTEES FOR THE PERIOD 5 AUGUST 2024 TO 31 MARCH 2025
FINANCIAL REVIEW
Reserves Policy
The charity maintains the level of reserves required for operational liabilities and the finance of medical equipment for the hospital to which we are committed. The trustees monitor the reserves at quarterly meetings.
The total unallocated funds available on 31 March 2025 amounted to £315,843 and are considered adequate to cover any financial commitments envisaged.
The Trustees will utilise surplus funds for the purchase of medical equipment for use in the hospital.
We continue to bank with the Co-operative Bank.
A proportion of our cash asset is deposited with COIF Charity Fund which currently attracts a 3.6% interest rate. At 31 March 2025, the total balance was £332,103.
Overall Review
We continue to operate our 6 outlets as fully as possible, with two shops and A&E Teabar opening for their full hours except on Saturdays. However, we are currently unable to run the two trolleys and T&O Teabar at full strength due to a severe lack of volunteers. Our Membership Secretary works tirelessly to ensure that new members are recruited, trained and made fully compliant with hospital regulations and requirements.
Other volunteers willingly help to cover sickness and holidays, and other gaps in the rota, often at short notice, and this is much appreciated.
The efforts of our volunteers have again been recognised by the hospital with many achieving their long-service awards and badges.
Our committee has remained mostly stable over the year, with Anna taking over as Corridor Shop Manager. However, we have to report that Allan & Gill Jones will be leaving us in the near future to move to the Cotswolds. Some of their roles have already been filled but it is important that we recruit new people to roles they currently fill - including Secretary, Fund Raising Manager & Equipment Officer.
If you are interested in finding out more about any of the roles currently open, please talk to Jan Newbury as soon as you can.
Ant reference to the old charity is for the Friends of Royal Derby Hospital, which this charity took over from during the year.
Our net surplus on sales for the whole year including the surplus in the old charity was £172,668,, a significant increase of £22,326 on the previous year in the old charity. Trading activities, including the old charity, brought in £541,767, an increase of £66,266 on the previous year in the old charity.
All assets and liabilities from the old charity, Friends of Royal Derby Hospital, were transferred across by way of a donation amounting to £422,083.
Credit and Debit Card sales continue to form around 75% of our total sales. The transition to Take Payments as our new provider may have been a little bumpy, but it seems to have settled down. We have found that our costs were proving to be higher than expected, but this has now been addressed, and a new agreement reached which could see our costs significantly reduced in the future.
We held a Christmas raffle in 2024, which raised Just over £400. We have decided not to run one for Christmas 2025, partly due to the fact that Gill Jones will not be available to organise this for us.
Investment income was £3,686, which added to the investment income in the old charity of £11,989 amounts to £15,675, an increase of £3,677 compared to the investment income in the old charity last year.. This helps significantly in covering our Admin costs, especially the cost of the card machines.
The total value of our funds at 31st March 2025 is £315,843.
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LEAGUE OF FRIENDS ROYAL DERBY HOSPITAL
REPORT OF THE TRUSTEES FOR THE PERIOD 5 AUGUST 2024 TO 31 MARCH 2025
FINANCIAL REVIEW
The valuation of the stock held at the end of March was just over £19,057. This figure is included in the total 'Current Assets' figure shown on the Balance Sheet.
Equipment Purchased
Of the three items carried forward from the old charity last year, two have now been purchased, but the third, the 'Changing Places' facility, has been postponed. The main reason for this is that the hospital does not currently have a suitable location for this facility, and we wanted to use our available funds for something that could be provided within the foreseeable future.
In September 2024, we agreed a further list of items that we would finance, and so we had to add a further £157,018 to our allocated funds.
The total spent on equipment during the year was £170,475, including the old charity.
FUTURE PLANS
We will endeavour to continue with our current activities which are entirely dependent on our dedicated volunteers being available to freely give their time and efforts to support the charity.
We hope to continue with our close and helpful relationship with the Derby and Burton Hospital Trust.
We expect to be able to commit approximately £230,000 to purchase items for the hospital in 2025/26.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The League of Friends, Royal Derby Hospital is governed by its constitution, objects and rules dated August 2024, and is a registered charity, Number 1209438. The charity was formed in 2024 to support the Royal Derby Hospital.
Recruitment and appointment of new trustees
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At the first annual general meeting of the members of the CIO all the charity trustees shall retire from office.
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At every subsequent annual general meeting of the members of the CIO, one third of the charity trustees shall retire from office. If the number of charity trustees is not three or a multiple of three, then the number nearest to one third shall retire from office, but if there is only one charity trustee, he or she shall retire.
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The charity trustees to retire by rotation shall be those who have been longest in office since their last appointment or reappointment. If any trustees were last appointed or reappointed on the same day those to retire shall (unless they otherwise agree among themselves) be determined by lot.
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The vacancies so arising may be filled by the decision of the members at the annual general meeting; any vacancies not filled at the annual general meeting may be filled as provided in sub-clause (5) of this clause.
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The members or the charity trustees may at any time decide to appoint a new charity trustee, whether in place of a charity trustee who has retired or been removed in accordance with clause [15] (Retirement and removal of charity trustees), or as an additional charity trustee, provided that the limit specified in clause [12(3)] on the number of charity trustees would not as a result be exceeded;
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A person so appointed by the members of the CIO shall retire in accordance with the provisions of sub-clauses (2) and (3) of this clause. A person so appointed by the charity trustees shall retire at the conclusion of the next annual general meeting after the date of his or her appointment and shall not be counted for the purpose of determining which of the charity trustees is to retire by rotation at that meeting.
Trustees may be appointed as required with regard to their experience within the charity and any particular expertise they may offer.
Organisational structure
The Chair, Treasurer and Secretary are initially appointed by the board of trustees for the period of one year, subsequently one will retire, in turn, each year and can be re-elected for a period of three years with all other trustees holding office for one year. All retiring trustees are eligible for re-election at the Annual General Meeting.
An Annual General Meeting of members of the charity is held for which every member receives notice of the meeting together with the independent examiners' accounts report and details of the accounts.
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LEAGUE OF FRIENDS ROYAL DERBY HOSPITAL
REPORT OF THE TRUSTEES FOR THE PERIOD 5 AUGUST 2024 TO 31 MARCH 2025
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1209438
Principal address
Royal Derby Hospital Uttoxeter Road DERBY DE22 3NE
Trustees
L M Wells (appointed 5/8/2024)
I J Clarke (appointed 5/8/2024) A J Jones (appointed 5/8/2024)
Independent Examiner
Johnson Tidsall Limited Chartered Accountants 81 Burton Road Derby Derbyshire DE1 1TJ
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.......................................................................... L M Wells - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LEAGUE OF FRIENDS ROYAL DERBY HOSPITAL
Independent examiner's report to the trustees of League of Friends Royal Derby Hospital
I report to the charity trustees on my examination of the accounts of League of Friends Royal Derby Hospital (the Trust) for the period 5 August 2024 to 31 March 2025.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Richard Minns FCA
Johnson Tidsall Limited Chartered Accountants 81 Burton Road Derby Derbyshire DE1 1TJ
Date: .............................................
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LEAGUE OF FRIENDS ROYAL DERBY HOSPITAL
STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 5 AUGUST 2024 TO 31 MARCH 2025
| Unrestricted | ||
|---|---|---|
| fund | ||
| Notes | £ | |
| INCOME AND ENDOWMENTS FROM | ||
| Donations and legacies | 2 | 424,144 |
| Other trading activities | 3 | 147,091 |
| Investment income | 4 | 3,686 |
| Other income | 22 | |
| Total | 574,943 | |
| EXPENDITURE ON | ||
| Raising funds | 5 | 101,282 |
| Charitable activities | 6 | |
| Equipment for Royal Derby Hospital | 157,818 | |
| Total | 259,100 | |
| NET INCOME | 315,843 | |
| TOTAL FUNDS CARRIED FORWARD | 315,843 |
The notes form part of these financial statements
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LEAGUE OF FRIENDS ROYAL DERBY HOSPITAL
BALANCE SHEET 31 MARCH 2025
| Unrestricted | ||
|---|---|---|
| fund | ||
| Notes | £ | |
| CURRENT ASSETS | ||
| Stocks | 9 | 19,057 |
| Investments | 10 | 332,103 |
| Cash at bank | 155,876 | |
| 507,036 | ||
| CREDITORS | ||
| Amounts falling due within one year | 11 | (191,193) |
| NET CURRENT ASSETS | 315,843 | |
| TOTAL ASSETS LESS CURRENT LIABILITIES | 315,843 | |
| NET ASSETS | 315,843 | |
| FUNDS | 12 | |
| Unrestricted funds | 315,843 | |
| TOTAL FUNDS | 315,843 |
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. L M Wells - Trustee
The notes form part of these financial statements
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LEAGUE OF FRIENDS ROYAL DERBY HOSPITAL
CASH FLOW STATEMENT FOR THE PERIOD 5 AUGUST 2024 TO 31 MARCH 2025
| Notes Cash flows from operating activities Cash generated from operations 1 Net cash provided by operating activities Cash flows from investing activities Interest received Net cash provided by investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
£ 152,190 |
|---|---|
| 152,190 | |
| 3,686 | |
| 3,686 | |
| 155,876 - |
|
| 155,876 |
The notes form part of these financial statements
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LEAGUE OF FRIENDS ROYAL DERBY HOSPITAL
NOTES TO THE CASH FLOW STATEMENT FOR THE PERIOD 5 AUGUST 2024 TO 31 MARCH 2025
1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
| Net income for the reporting period (as per the Statement of Financial Activities) Adjustments for: Interest received Investment account Increase in stocks Increase in creditors Net cash provided by operations |
£ 315,843 (3,686) (332,103) (19,057) 191,193 152,190 |
|---|---|
2. ANALYSIS OF CHANGES IN NET FUNDS
| At 5/8/24 | Cash flow | At 31/3/25 | |
|---|---|---|---|
| £ | £ | £ | |
| Net cash | |||
| Cash at bank | - | 155,876 | 155,876 |
| - | 155,876 | 155,876 | |
| Liquid resources | |||
| Deposits included in cash | - | - | - |
| Current asset investments | - | 332,103 | 332,103 |
| - | 332,103 | 332,103 | |
| Total | - | 487,979 | 487,979 |
The notes form part of these financial statements
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LEAGUE OF FRIENDS ROYAL DERBY HOSPITAL NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 5 AUGUST 2024 TO 31 MARCH 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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 Charities Act 2011. 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.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from tax on its charitable activities.
2. DONATIONS AND LEGACIES
| Donations Legacies |
£ 423,494 650 424,144 |
|---|---|
A donation was received in the period of £422,083 which represents the transfer of assets and liabilities from another charity, Friends of Royal Derby Hospital.
3. OTHER TRADING ACTIVITIES
| Fundraising events Shop income |
£ 539 146,552 147,091 |
|---|---|
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LEAGUE OF FRIENDS ROYAL DERBY HOSPITAL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 5 AUGUST 2024 TO 31 MARCH 2025
4. INVESTMENT INCOME
| Deposit account interest 5. RAISING FUNDS Raising donations and legacies Telephone Postage and stationery Sundries Equipment hire Equipment Bank charges Advertising Professional fees Other trading activities Purchases Aggregate amounts 6. CHARITABLE ACTIVITIES COSTS Equipment for Royal Derby Hospital 7. SUPPORT COSTS Equipment for Royal Derby Hospital |
Direct Costs £ 157,018 |
£ 3,686 £ 49 468 477 275 293 481 127 158 2,328 £ 98,954 101,282 Support costs (see note 7) Totals £ £ 800 157,818 Governance costs £ 800 |
|---|---|---|
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LEAGUE OF FRIENDS ROYAL DERBY HOSPITAL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 5 AUGUST 2024 TO 31 MARCH 2025
8. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the period ended 31 March 2025.
| Trustees' expenses The following expenses were reimbursed to trustees:- £24 in total was reimbursed for directly incurred expenditure to 1 trustee. 9. STOCKS Stocks 10. CURRENT ASSET INVESTMENTS Other 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Taxation and social security Other creditors 12. MOVEMENT IN FUNDS Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 574,943 TOTAL FUNDS 574,943 |
Net movement in funds £ 315,843 315,843 Resources expended £ (259,100) (259,100) |
||
|---|---|---|---|
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LEAGUE OF FRIENDS ROYAL DERBY HOSPITAL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 5 AUGUST 2024 TO 31 MARCH 2025
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the period ended 31 March 2025.
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LEAGUE OF FRIENDS ROYAL DERBY HOSPITAL
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 5 AUGUST 2024 TO 31 MARCH 2025
| INCOME AND ENDOWMENTS Donations and legacies Donations Legacies Other trading activities Fundraising events Shop income Investment income Deposit account interest Other income Subscriptions Total incoming resources EXPENDITURE Raising donations and legacies Telephone Postage and stationery Sundries Equipment hire Equipment Bank charges Advertising Professional fees Other trading activities Purchases Charitable activities Equipment for Royal Derby Hospital Support costs Governance costs Accountancy Total resources expended Net income |
£ 423,494 650 |
|---|---|
| 424,144 539 146,552 |
|
| 147,091 3,686 22 |
|
| 574,943 49 468 477 275 293 481 127 158 |
|
| 2,328 98,954 157,018 800 |
|
| 259,100 | |
| 315,843 |
This page does not form part of the statutory financial statements
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