| Page | |||||||
|---|---|---|---|---|---|---|---|
| Reference and Administrative | Details | ofthe Charity, | its Trustees | and Advisers | |||
| Trustees' Report |
2-7 | ||||||
| Independent | Auditors' | Report | on the | Financial Statements | 8-11 | ||
| Consolidated | Statement of Financial |
Activities | 12 | ||||
| Consolidated | Balance | Sheet | |||||
| Charity Balance Sheet | 14 | ||||||
| Consolidated | Statement of Cash Flows |
15 | |||||
| Notes to the | Financiai | Statements | 16-31 |
| Trustees | Mr G L Adroit | |||||||
|---|---|---|---|---|---|---|---|---|
| Mrs J Berry | ||||||||
| Mr T Brown, Vice President | (Resigned | 1 March 2022) | ||||||
| Mr M K Evans, | Vice | President | ||||||
| Mrs P Eyles | ||||||||
| Mrs J M Hearne, | Vice President | |||||||
| Mrs L Hookings, | Vice President | |||||||
| Mr M A Hookings | ||||||||
| Mrs B Lawton | ||||||||
| Mrs L McCaig | ||||||||
| Mrs C M Piper, | Vice | President | ||||||
| Miss P A Roberts, | President | |||||||
| Mr D Rogers, Vice President | ||||||||
| Mr R Tuttle, Chair | ||||||||
| Mrs K N Westaway, | Former | Chair | ||||||
| Mr P F V White, | Vice President/Honorary | Secretary | ||||||
| Mr M H Tucker | (appointed | 5 | May 2022) | |||||
| Charity registered | ||||||||
| number | 200905 | |||||||
| Principal office | Highlyn | |||||||
| 6 Haldon Close |
||||||||
| Torquay | ||||||||
| Devon | ||||||||
| TQ1 2NA | ||||||||
| Independent | auditors | Bishop Fleming | LLP | |||||
| Chartered Accountants |
||||||||
| Statutory Auditors |
||||||||
| 2nd Floor Stratus | House | |||||||
| Emperor Way | ||||||||
| Exeter Business | Park | |||||||
| Exeter | ||||||||
| EX1 3QS | ||||||||
| Solicitors | Wollens | |||||||
| Carlton House | ||||||||
| 30The Terrace | ||||||||
| 7orquay | ||||||||
| Devon | ||||||||
| TQ1 1BS |
| Restricted | Unrestricted | Total | Total | |||||
|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||||
| Note | 2022 | 2022f | 2022 | 2021 E |
||||
| Income from: | ||||||||
| Donations and |
legacies | 1,000 | 429,920 | 430,920 | 773,952 | |||
| Other trading activities |
2,480 | 2,480 | 2,052 | |||||
| Investm ents | 26,088 | 26,088 | 4,896 | |||||
| Other income | 3,671 | |||||||
| Total income | 1,000 | 458,488 | 459,488 | 784,571 | ||||
| Expenditure on: |
||||||||
| Raising funds | 14,081 | |||||||
| Charitable activities |
14,477 | 63,569 | 78,046 | 103,135 | ||||
| Total expenditure | 14,477 | 78,046 | 117,216 | |||||
| Net (expenditure)/income | before | |||||||
| taxation | (13,477) | 394,919 | 381,442 | 667,355 | ||||
| Taxation | 12 | 383 | ||||||
| Net movement | in funds | (13,477) | 394,919 | 381,442 | 667,738 | |||
| Reconciliation | offunds: | |||||||
| Total funds brought | forward | 63,397 | 2,889,677 | 2,953,074 | 2,285,336 | |||
| Net movement | in funds | (13,477) | 394,919 | 381,442 | 667,738 | |||
| Total funds carried forvvard | 49,920 | 3,284,596 | 3,334,516 | 2,953,074 |
| 2022 | 202'l | |||||
|---|---|---|---|---|---|---|
| Note | ||||||
| Fixed assets | ||||||
| Current assets | ||||||
| Debtors | 15 | 119,663 | 161,905 | |||
| investments | 16 | 1,286,696 | 424,794 | |||
| Cash at bank and in hand | 1,938,117 | 2,375,925 | ||||
| 3,344,4?6 | 2,962,624 | |||||
| Creditors: amounts | falling due within one | |||||
| year | 17 | (9,960) | (9,550) | |||
| Net current assets | 3,334,516 | 2,953,074 | ||||
| Total assets less current liabilities | 3,334,516 | 2,953,074 | ||||
| 3,334,516 | 2,953,074 | |||||
| Total net assets | 3,334,516 | 2,953,074 | ||||
| Charity funds | ||||||
| Restricted funds: | ||||||
| Restricted funds | 18 | 49,920 | 63,397 | |||
| Total restricted funds |
18 | 49,920 | 63,397 | |||
| Unrestricted funds |
||||||
| Designated funds |
18 | 2,180,036 | 1,500,337 | |||
| General funds | 18 | 1,104,560 | 1,389,340 | |||
| Total unrestricted funds |
18 | 3,284,596 | 2,889,677 | |||
| Total funds | 3,334,516 | 2,953,074 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Note | K | |||||
| Fixed assets | ||||||
| Fixed asset investments | 14 | |||||
| Current assets | ||||||
| Debtors | 15 | 119,663 | 161,905 | |||
| lnvestm ents | 16 | 1,286,696 | 424,794 | |||
| Cash at bank and | in hand | 1,93?,739 | 2,375,547 | |||
| 3,344,098 | 2,962,246 | |||||
| Creditors: amounts |
falling due within one | |||||
| year | 17 | {96,434) | (95,024) | |||
| Net current assets | 3,248,664 | 2,867,222 | ||||
| Total assets less | current liabilities | 3,248,666 | 2,867,224 | |||
| 3,248,666 | 2,867,224 | |||||
| Total net assets | 3,248,666 | 2,867,224 | ||||
| Charity funds | ||||||
| Restricted funds: | ||||||
| Restricted funds |
18 | 49,920 | 63,397 | |||
| Total restricted funds |
18 | 49,920 | 63,397 | |||
| Unrestricted funds |
18 | 3,198,746 | 2,803,827 | |||
| Total funds | 3,248,666 | 2,867,224 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Cash flows from operating | activities | ||||
| Net cash used in operating | activities | 398,006 | 164,554 | ||
| Cash flows from investing | activities | ||||
| Interests from investments |
26,088 | 4,896 | |||
| Net cash provided by investing activities |
26,088 | 4,896 | |||
| Cash flows from financing | activities | ||||
| Net cash provided by financing activities |
|||||
| Change in cash and cash |
equivalents in |
the year | 424,094 | 169,450 | |
| Cash and cash equivalents | at the beginning | ofthe yeai | 2,375,925 | 2,206,475 | |
| Cash and cash equivalents | at the end of | the year | 2,800,019 | 2,375,925 | |
| The notes on pages 16to 31 form part ofthese financial | statements |
| Restricted | Unrestricted | Total | Total | |||
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||
| 2022 | 2022 | 2022 | 2021 | |||
| E | E | |||||
| Donations | 67,507 | 67,607 | 40,721 | |||
| Legacies | 1,000 | 359,437 | 360,437 | 731,309 | ||
| Gift aid | 2,976 | 2,976 | 1,922 | |||
| 1,000 | 429,920 | 430„920 | 773,952 | |||
| TOTAL 2021 | 773,952 | 773,952 | ||||
| 4. | Income from other trading | activities | ||||
| Income from fundraising | events |
| Unrestricted | Total | Totai | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2022 | 2022 | 2021 | |||
| E | E | ||||
| Torquay | Girls Grammar | School | 287 | 247 | |
| Pennies | for Plastic | 6 | |||
| Raffles and fayres | 1,212 | 1,212 | 447 | ||
| Jewellery | sales | 412 | |||
| 1,534 | 1,112 | ||||
| TOTAL 2021 | 1,112 | 1,112 |
| TOTAL | 2021 | ||||
|---|---|---|---|---|---|
| Income | from | non | charitable | trading | activities |
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2022f | 2022 | 2021 E |
||
| Sales | 946 | 946 | 940 | |
| TOTAL | 2021 | 940 | 940 |
| corn | Unrestricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2022 | 2022 | 2021 | |||
| E | F | ||||
| Investm ent in | e | 26,088 | 26,088 | 4,896 | |
| TOTAL 2021 | 4,896 | 4,896 | |||
| 6. | Other incoming | resources | |||
| Unrestricted | Total | Total | |||
| funds | funds | funds | |||
| 2022 | 2022 | 2021 | |||
| CJRS | 3,671 | ||||
| TOTAL 2021 | 3,671 | 3,671 |
| Support | Total | Total | |||
|---|---|---|---|---|---|
| Direct costs | costs | funds | funds | ||
| 2022 | 2022 | 2022 | 2021 | ||
| E | E | ||||
| Gifts to hospital | 48,796 | 48,796 | 82,672 | ||
| Other charitable | activities | 29,250 | 29,250 | 20,463 | |
| 48,796 | 29,250 | 78,046 | 103,135 | ||
| TOTAL2021 | 82,672 | 20,463 | 103,135 |
| Total | Totai | |||
|---|---|---|---|---|
| Activity 2 |
funds | funds | ||
| 2022 | 2022 | 2021 | ||
| K | ||||
| Office costs | 6,125 | 6,125 | 6,594 | |
| Sundry expenses | 93 | 93 | 455 | |
| Bank charges | 3,244 | 3,244 | ||
| Legal and professional | fees | 12,288 | 12,288 | 13,414 |
| Honoraria | 7,500 | 7,500 | ||
| 29,250 | 29,250 | 20,463 | ||
| TOTAL 2021 | 20,463 | 20,463 |
| Restricted | Unrestricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2022 | 2022 | 2022 | 2021 | ||
| 'E | |||||
| Chart Trollies | and Theatre Stools | 12,376 | 12,075 | ||
| Ventilators | 33,000 | ||||
| Stairclimber | 17,120 | ||||
| Patient Trollies | 12,222 | ||||
| Patient and Visitor care | 2,000 | ||||
| Concealment | Trollies | 2,000 | 4,568 | 6,568 | |
| FES | 6,254 | 6,254 | |||
| Portable videolarygngoscopes | 3,246 | 3,246 | |||
| Cook and eat | sessions | 87 | |||
| Training room |
6,393 | ||||
| Theatre poles/chairs | 3,176 | 3,176 | |||
| Other smaller | grants | 101 | 5,000 | 5,101 | |
| Other costs | 7,500 | 7,500 | 11,850 | ||
| 14,477 | 41,819 | 82,672 | |||
| Total 2021 | 2,000 | 80,672 | 82,672 |
| Staff c | osts | |||
|---|---|---|---|---|
| Gtoup | Group | |||
| 2022 | 2021 | |||
| Wages | and | salaries | 9,609 | |
| 9,609 |
| Group | Group |
|---|---|
| 2022 | 202'l |
| No. | No. |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| E | |||||
| CORPORATION | TAX - GROUP | ||||
| Adjustments | in respect of previous | periods | (383) | ||
| TAXATION | ON | NET (EXPENDITURE)/INCOME | (383) |
| Fixtures and | |
|---|---|
| fittings | |
| COST QR VALUATION | |
| At 1 January 2022 |
30,027 |
| At 31 December 2022 | 30,027 |
| DEPRECIATION | |
| At 1 January 2022 | 30,027 |
| At 31 December 2022 | 30,027 |
| NET BOOK VALUE | |
| At 31 December 2022 | |
| At 31 December 2021 | |
| CHARITY | |
| Fixtures and | |
| fttttngs | |
| COST OR VALUATION | |
| At 1 January 2022 | 30,027 |
| At 31 December 2022 | 30,027 |
| DEPRECIATION | |
| At 1 January 2022 | 30,027 |
| At 31 December 2022 | 30,027 |
| NET BOOK VALUE | |
| At 31 December 2022 | |
| At 31 December 2021 |
| Company | Holding | ||||
|---|---|---|---|---|---|
| number | |||||
| Torbay Hospital | League of Friends Shop Limited | 03024219 | 100% | ||
| The financial | results of the subsidiary | for the year were: | |||
| Net assets | |||||
| Torbay Hospital | League of Friends | Shop Limited | 85,850 |
| Group | Group | Charity | Charity | ||||||
|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | 2022 | 2021 | ||||||
| Z | E | ||||||||
| DUE WITHIN | ONE | YEAR | |||||||
| Prepayments | and accrued income | 783 | 783 | ||||||
| Legacies | receivable | 118,880 | 161,905 | 118,880 | 161,905 | ||||
| 118,663 | 161,905 | 11S,663 | 'I61,905 | ||||||
| 16. | Current | asset | investments | ||||||
| Group | Group | Charity | Charity | ||||||
| 2022 | 2021 | 2022 | 2021 | ||||||
| K | |||||||||
| Unlisted | investments | (liquid) | 1,286,696 | 424,794 | 1,286,696 | 424,794 |
| Group | Group | Charity | Charity | |||
|---|---|---|---|---|---|---|
| 2022 | 2021 | 2022 | 2021 | |||
| Amounts | owed to group undertakings | 86,474 | 85,474 | |||
| Accruals | and deferred | income | 9,960 | 9,550 | 9,960 | 9,550 |
| 9,960 | 9,550 | 95,434 | 95,024 |
| Balance at | |||||||
|---|---|---|---|---|---|---|---|
| Balance at 1 | 31 | ||||||
| January | Transfers | December | |||||
| 2022f | Income f |
Expenditure | f | in/out f |
2022 | ||
| UNRESTRICTED FUNDS | |||||||
| DESI GNATE D FUN DS | |||||||
| Equipment commitments |
1,500,337 | (4,393) | 684,0S2 | 2,180,036 | |||
| GENERAL FUNDS | |||||||
| General Funds |
1,38S,340 | 458,488 | (59,176) | (684,092) | 1,104,560 | ||
| TOTAL UNRESTRICTED | |||||||
| FUNDS | 2,889,677 | 458,488 | (63,56S) | 3,284,596 | |||
| RESTRICTED FUN DS | |||||||
| Cardiac unit | 5,719 | 5,719 | |||||
| Radiotherapy unit |
15,323 | 15,323 | |||||
| Diabetic and Asthmatic | patients | 22,480 | 22,480 | ||||
| Neurology department |
2,347 | 2,347 | |||||
| Heart machines | 250 | (101) | 149 | ||||
| Patient and visitor care | 12,376 | (12,376) | |||||
| EAU 3 | 500 | ||||||
| Endoscopy | 2,010 | 2,010 | |||||
| Hos p ital Wards | 2,000 | (2,000) | |||||
| Cardiology | 392 | ||||||
| The Eye Clinic | 1,000 | ||||||
| 63,397 | 1,000 | (14,477) | 49,920 | ||||
| TOTAL OF FUNDS | 2,953,074 | 459,488 | (78,046) | 3,334,516 |
| Balance at | ||||||
|---|---|---|---|---|---|---|
| Balance at | 31 | |||||
| 1 January | Transfers | December | ||||
| 2021 | income | Expenditure | inlout | 2021 | ||
| E | ||||||
| UNRESTRICTED FUNDS | ||||||
| DESIGNATED FUNDS | ||||||
| Equipment commitments |
1,512,040 | (1,703) | (10,000) | 1,500,337 | ||
| GENERAL FUNDS | ||||||
| General Funds |
707,899 | 784,571 | (113,130) | 10,000 | 1,389,340 | |
| TOTAL UNRESTRICTED | ||||||
| FUNDS | 2,219,939 | 784,571 | (114,833) | 2,889,677 | ||
| RESTRICTED FUNDS | ||||||
| Cardiac unit | 5,719 | 5,719 | ||||
| Radiotherapy unit |
15,323 | 15,323 | ||||
| Diabetic and Asthmatic | patients | 22,480 | 22,480 | |||
| Neurology department |
2,347 | 2,347 | ||||
| Heart machines | 250 | 250 | ||||
| Patient and visitor care | 14,376 | (2,000) | 12,376 | |||
| EAU 3 | 500 | 500 | ||||
| Endoscopy | 2,010 | 2,010 | ||||
| Hospital Wards |
2,000 | 2,000 | ||||
| Cardiology | 392 | 392 | ||||
| 65,397 | (2,000) | 63,397 | ||||
| TOTAL OF FUNDS | 2,285,336 | 784,571 | (116,833) | 2,953,074 |
| Analysis | of n | et ass | ets | between funds -curre | nt year | ||
|---|---|---|---|---|---|---|---|
| Restricted | Unrestricted | Total | |||||
| funds | funds | funds | |||||
| 2022 | 2022 | 2022 | |||||
| E | |||||||
| Current | assets | 49,920 | 3,294,556 | 3,344,476 | |||
| Creditors | due | within | one | year | (9,960) | {9,960) | |
| TOTAL | 49,920 | 3,284,596 | 3,334,516 |
| Analysis | of n | et ass | ets | between funds - prior |
year | ||
|---|---|---|---|---|---|---|---|
| Restricted | Unrestricted | Total | |||||
| funds | tunds | funds | |||||
| 2021 | 202'l | 2021 | |||||
| c | |||||||
| Current | assets | 63,397 | 2,899,227 | 2,962,624 | |||
| Creditors | due | within | one | year | (9,550) | (9,550) | |
| TOTAL | 63,397 | 2,889,677 | 2,953,074 |
| Group | Group | |||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| E | ||||||
| Net income | for the | year (as per Statement | of Financial | Activities) | 381,442 | 667,738 |
| ADJUSTMENTS FOR: | ||||||
| Dividends, | interests | and rents from investments | {26,088) | (4,896) | ||
| Loss on the | sale of | fixed assets | 7,487 | |||
| Decrease/(increase) | in debtors | 43,025 | (79,539) | |||
| Increase/(decrease) | in creditors | 481 | (1,444) | |||
| NET CASH | PROVIDED BYOPERATING | ACTIVITIES | 398,860 | 589,346 |
| Group | Group | |
|---|---|---|
| 2022 | 2021 | |
| E | ||
| Cash in hand | 2,800,019 | 2,375,925 |
| TOTAL CASH AND CASH EQUIVALENTS | 2,800,019 | 2,375,925 |
| At 1 | At 31 | ||||
|---|---|---|---|---|---|
| January | December | ||||
| 2022 | Cash flows | 2022 | |||
| K | |||||
| Cash | at bank and | in hand | 2,375,925 | (437,808) | 1,938,117 |
| Liquid | investments | 424,794 | 861,902 | 1,286,696 | |
| 2,800,719 | 424,094 | 3,224,813 |