**REGISTERED CHARITY NUMBER: 204748** 

## **REPORT OF THE TRUSTEES AND** 

**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022** 

## **FOR** 

**THE LEAGUE OF FRIENDS OF MILFORD HOSPITAL** 



**THE LEAGUE OF FRIENDS OF MILFORD HOSPITAL** 

## **CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 30 September 2022** 

|||**Page**||
|---|---|---|---|
|**Reference and Administrative Details**||1||
|**Report of the Trustees**|2|to|3|
|**Independent Examiner's Report**||4||
|**Statement of Financial Activities**||5||
|**Balance Sheet**||6||
|**Notes to the Financial Statements**|7|to|11|
|**Detailed Statement of Financial Activities**||12||





**THE LEAGUE OF FRIENDS OF MILFORD HOSPITAL** 

## **REFERENCE AND ADMINISTRATIVE DETAILS for the Year Ended 30 September 2022** 

|**TRUSTEES**|J Sandy|
|---|---|
||Mrs J Robini|
||Mrs K Corduff|
||Mrs P Hewson|
|**PRINCIPAL ADDRESS**|4 Huxley Close|
||Godalming|
||Surrey|
||GU7 2AS|
|**REGISTERED CHARITY**|204748|
|**NUMBER**||



Page 2 



**THE LEAGUE OF FRIENDS OF MILFORD HOSPITAL** 

## **REPORT OF THE TRUSTEES for the Year Ended 30 September 2022** 

The trustees present their report with the financial statements of the charity for the year ended 30 September 2022. 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 charity raises funds for the benefit of patients and staff by way of fund raising and subscriptions.  It also provides volunteers for various activities at the hospital and ensures that the needs of the hospital are made known to the public. 

## **Review of activities** 

The committee continued to work with the Hospital in accordance with its stated objectives and the support of the League continues to be important.  We are grateful to those who have been generous with their time and those who have made donations in memory of loved ones in recognition of help and treatment received at the hospital. 

The work carried out by the League is only possible because of the support of members and volunteers. We are most grateful for all the help received. 

## **Public benefit** 

The trustees have referred to the guidance in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives in planning its activities. In particular, they have considered how planned activities will contribute to the aims and objectives they have set. 

## **FINANCIAL REVIEW** 

## **Financial position** 

During the year the chanty made a surplus of £24289 (2021: £250). 

## **Reserves policy** 

The level of funds held by the charity is sufficient for needs at the current time and it is considered that the financial position is satisfactory. 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT** 

## **Governing document** 

The charity is set up under a constitution which was adopted on 23rd May 1960.  The charity registered with the Charity Commission 4 April 1962. 

Page 2 



**THE LEAGUE OF FRIENDS OF MILFORD HOSPITAL** 

## **REPORT OF THE TRUSTEES for the Year Ended 30 September 2022** 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT Charity constitution** 

The trustees of the charity who served during the year are: 

Mr John Sandy MBE - President Mrs J Robini MBE Mrs P Hewson Mrs K Corduff - Treasurer 

The trustees have delegated day to day management of the charity to a management committee.  Elected members of the Management Committee at the last AGM were: 

Mr John Sandy MBE Mrs J Robini MBE - Chairman Mrs V Box - Secretary Mrs P Hewson Rev. J Runnacles Mrs M Jago Mrs V Pearce Mrs G O'Sullivan Mrs M Kelly Mr A Bolton - Treasurer 

## **Risk management** 

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. 

Approved by order of the board of trustees on  ...............24 March 2023...................... and signed on its behalf by: 

.......................................................................... Mrs J Robini- Trustee 

Page 3 



**INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE LEAGUE OF FRIENDS OF MILFORD HOSPITAL** 

## **Independent examiner's report to the trustees of The League of Friends of Milford Hospital** 

I report to the charity trustees on my examination of the accounts of The League of Friends of Milford Hospital (the Trust) for the year ended 30 September 2022. 

## **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** 

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: 

1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 

2. the accounts do not accord with those records; or 

3. 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. 

Darren M Harding ACA FCCA DChA Darren Harding ACA FCCA DChA Richard Place Dobson Services Limited Chartered Accountants 1 - 7 Station Road Crawley West Sussex RH10 1HT 

Date: ........24 March 2023................................. 

Page 4 



**THE LEAGUE OF FRIENDS OF MILFORD HOSPITAL** 

## **STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 30 September 2022** 

|||||**30.9.22**|**30.9.21**|
|---|---|---|---|---|---|
|||**Unrestricted**||**Total**|**Total**|
|||**fund**|**Designated**|**funds**|**funds**|
||**Notes**|**£**|**£**|**£**|**£**|
|**INCOME FROM**||||||
|Donations and legacies||**27,101**|**-**|**27,101**|1,865|
|Fundraising activities|2|**60**|**-**|**60**|748|
|Investment income|3|**307**|**-**|**307**|311|
|Investment gains|||**558**|**558**|-|
|**Total**||**27,468**|**558**|**28,026**|2,924|
|**EXPENDITURE ON**||||||
|**Charitable activities**|4|||||
|Hospital wishlist||**1,697**|**1,482**|**3,179**|2,674|
|**NET INCOME/(EXPENDITURE)**||**25,771**|**(924)**|**24,847**|250|
|**RECONCILIATION OF FUNDS**||||||
|**Total funds brought forward**||**8,138**|**13,832**|**21,970**|21,720|
|**TOTAL FUNDS CARRIED FORWARD**||**33,909**|**12,908**|**46,817**|21,970|



The notes form part of these financial statements 

Page 5 



**THE LEAGUE OF FRIENDS OF MILFORD HOSPITAL** 

## **BALANCE SHEET 30 September 2022** 

|||||||**30.9.22**|**30.9.21**|
|---|---|---|---|---|---|---|---|
|||**Unrestricted**||||**Total**|**Total**|
|||**fund**||**Designated**||**funds**|**funds**|
||**Notes**|**£**||**£**||**£**|**£**|
|**FIXED ASSETS**||||||||
|Tangible assets|8||**-**|**2,964**||**2,964**|4,446|
|Investments|9||**-**|**9,944**||**9,944**|9,386|
||||**-**|**12,908**||**12,908**|13,832|
|**CURRENT ASSETS**||||||||
|Cash at bank||**33,909**|||**-**|**33,909**|8,138|
|**NET CURRENT ASSETS**||**33,909**|||**-**|**33,909**|8,138|
|**TOTAL ASSETS LESS CURRENT**||||||||
|**LIABILITIES**||**33,909**||**12,908**||**46,817**|21,970|
|**NET ASSETS**||**33,909**||**12,908**||**46,817**|21,970|
|**FUNDS**|10|||||||
|Unrestricted funds:||||||||
|General fund||||||**33,909**|8,138|
|Designated||||||**12,908**|13,832|
|||||||**46,817**|21,970|
|**TOTAL FUNDS**||||||**46,817**|21,970|



The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 

............................................. J Robini - Trustee 

The notes form part of these financial statements 

Page 6 



**THE LEAGUE OF FRIENDS OF MILFORD HOSPITAL** 

**NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 30 September 2022** 

## **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, with the exception of investments which are included at market value. 

## **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. 

Income from donations is recognised at the point that it is received. 

Membership subscriptions are recognised in the accounts in the year which they relate to. 

Income from fund raising events is recognised at the point at which the fund-raising event takes place. 

## **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. 

## **Tangible fixed assets** 

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. 

Plant and machinery -  20% on cost 

## **Taxation** 

The charity is exempt from tax on its charitable activities. 

## **Fund accounting** 

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. 

Designated funds represent the value of assets held in investments, which are held to earn an income stream for the charity. 

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 

## **Investments** 

The Charity holds investments in bonds.  The investments are valued at the year at mid market rate.  Unrealised gains or losses on investment value are recognised in the statement of financial activities at the end of each year. 

continued... 

Page 7 



**THE LEAGUE OF FRIENDS OF MILFORD HOSPITAL** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 30 September 2022** 

|**2.**|**FUNDRAISING ACTIVITIES**||||
|---|---|---|---|---|
||||**30.9.22**|**30.9.21**|
||||**£**|**£**|
||Fairs, car boot, raffles and coffee mornings||**60**|748|
|**3.**|**INVESTMENT INCOME**||||
||||**30.9.22**|**30.9.21**|
||||**£**|**£**|
||Dividends||**307**|311|
|**4.**|**CHARITABLE ACTIVITIES COSTS**||||
||||**Support**||
|||**Direct**|**costs (see**||
|||**Costs**|**note 5)**|**Totals**|
|||**£**|**£**|**£**|
||Hospital wishlist|**2,941**|**238**|**2,674**|
|**5.**|**SUPPORT COSTS**||||
|||||**Other**|
|||||**£**|
||Hospital wishlist|||**238**|



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

There were no trustees' remuneration or other benefits for the year ended 30 September 2022 nor for the year ended 30 September 2021. 

## **Trustees' expenses** 

There were no trustees' expenses paid for the year ended 30 September 2022 nor for the year ended 30 September 2021. 

continued... 

Page 8 



**THE LEAGUE OF FRIENDS OF MILFORD HOSPITAL** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 30 September 2022** 

|**7.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**||||
|---|---|---|---|---|---|---|
|||**Unrestricted**||||**Total**|
|||**fund**||**Designated**||**funds**|
|||**£**||**£**||**£**|
||**INCOME FROM**||||||
||Donations and legacies|1,865|||-|2,734|
||Fundraising activities||748||-|32|
||Investment income||311||-|324|
||**Total**|2,924|||-|3,090|
||**EXPENDITURE ON**||||||
||**Charitable activities**||||||
||Hospital wishlist|2,674|||-|3,973|
||**NET INCOME**||250||-|(883)|
||**Transfers between funds**||-||-|-|
||**Net movement in funds**||250||-|(883)|
||**RECONCILIATION OF FUNDS**||||||
||**Total funds brought forward**|4,924||16,796||22,603|
||**TOTAL FUNDS CARRIED FORWARD**|5,174||16,796||21,720|
|**8.**|**TANGIBLE FIXED ASSETS**||||||
|||||||**Plant and**|
|||||||**machinery**|
|||||||**£**|
||**COST**||||||
||At 1 October 2021 and 30 September 2022|||||**7,410**|
||**DEPRECIATION**||||||
||Charge for year|||||**1,482 **|
||**NET BOOK VALUE**||||||
||At 30 September 2022|||||**2,964**|
||At 30 September 2021|||||4,446|



continued... 

Page 9 



**THE LEAGUE OF FRIENDS OF MILFORD HOSPITAL** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 30 September 2022** 

## **9. FIXED ASSET INVESTMENTS** 

|**FIXED ASSET INVESTMENTS**||
|---|---|
||**Unlisted**|
||**investments**|
||**£**|
|**MARKET VALUE**||
|At 30 September 2022|**9,944**|
|**NET BOOK VALUE**||
|At 30 September 2022|**9,944**|
|At 30 September 2021|9,386|



There were no investment assets outside the UK. 

Included within the designated reserve fund balance is £944 of unrealised gains on investments (2021: £386). 

The historical cost of investments is £9,000. 

## **10. MOVEMENT IN FUNDS** 

Designated Fund 

The income funds of the charity include the following designated funds, which have been set aside for specific purposes: 

2022 

|Investments<br>Tovertafel Table<br>Total|Balance at<br>1.10.21<br>£<br>9,386<br>4,446<br>13,832|Movement in funds<br>Incoming<br>resources<br>Resources<br>expended<br>£<br>£<br>-<br>-<br>-<br>(1,482)<br>-<br>(1,482)|<br>Transfers &<br>gains / losses<br>on investment<br>£<br>558<br> <br>-<br> <br>558|Balance at<br>30.09.22<br>£<br>9,944<br>2,964|
|---|---|---|---|---|
|||||12,908|



2021: 

|||Movement in funds|Movement in funds|||
|---|---|---|---|---|---|
|||||Transfers &||
||Balance at|Incoming|Resources|gains / losses|Balance at|
||1.10.20|resources|expended|on investment|30.09.21|
||£|£|£|£|£|
|Investments|9,386|-|-|-|9,386|
|Tovertafel Table|5,928|-|(1,482)|-|4,446|



continued... 

Page 10 



**THE LEAGUE OF FRIENDS OF MILFORD HOSPITAL** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 30 September 2022** 

## **10. MOVEMENT IN FUNDS - continued** 

|Total|15,314|-|(1,482)|<br>-|13,832|
|---|---|---|---|---|---|



The Investments fund represents funds held in investments to earn income for the future.  These funds are not readily available to be spent on the charity's objects 

The Tovertafel Table represents charity funds used to purchase a Tovertafel Table, for the use of patients at Milford Hospital. 

## **11. RELATED PARTY DISCLOSURES** 

There were no related party transactions for the year ended 30 September 2022. 

Page 11 



**THE LEAGUE OF FRIENDS OF MILFORD HOSPITAL** 

## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 30 September 2022** 

||**30.9.22**|**30.9.22**|**30.9.21**|
|---|---|---|---|
||**Unrestricted**||**Total**|
||**funds**||**funds**|
||**£**||**£**|
|**INCOME**||||
|**Donations and legacies**||||
|Donations|**1,963**||1,785|
|Membership subscriptions||**125**|80|
|Legacy|**25,013**|||
||**27,101**||1,865|
|**Fundraising activities**||||
|Fairs, car boot, raffles and coffee mornings||**60**|748|
|**Investment income**||||
|Dividends||**307**|311|
|**Total incoming resources**|**27,468**||2,924|
|**EXPENDITURE**||||
|**Charitable activities**||||
|Postage and stationery||**-**|26|
|Christmas||**74**|397|
|Garden projects & maintenance||**-**|-|
|Water and cooler||**432**|-|
|Website||**50**|51|
|Fund raising expenses||**-**|35|
|Hospital purchases||**903**|239|
|Aromatherapy||**-**|-|
|Plant and machinery|**1,482**||1,482|
||**2,941**||2,230|
|**Support costs**||||
|**Other**||||
|Trustee insurance and administration||**238**|444|
|Total resources expended|**3,179**||2,674|
|**Net income**|**24,289**||250|



This page does not form part of the statutory financial statements 

Page 12