Charity registration number 217182 (England and Wales)
FRIENDS OF LEDBURY & DISTRICT HEALTHCARE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
FRIENDS OF LEDBURY & DISTRICT HEALTHCARE
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Dr R D Scholefield Mr L E Davies Mr M Blandford Mrs S M Roig Dr D M Lloyd Dr B Herriot Dr N P Meyer Mr J D Huggins (Appointed 8 October 2024)
Charity number (England and Wales) 217182
Independent examiner
Leadon Valley Accountancy Ltd Ledbury Business Centre 136 Bridge Street Ledbury Herefordshire England HR8 2AS
FRIENDS OF LEDBURY & DISTRICT HEALTHCARE
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 2 |
| Independent examiner's report | 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Notes to the financial statements | 6 - 10 |
FRIENDS OF LEDBURY & DISTRICT HEALTHCARE
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees present their annual report and financial statements for the year ended 31 December 2024.
The financial statements have been prepared in accordance with the accounting policies set out in the financial statements and comply with the Charity's governing document, a deed of trust, the Charities Act 2011 and "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
To apply the income, and at the discretion of the Trustees, the capital of the trust fund to support Healthcare work in Ledbury and District by:-
a) The relief of patients who are sick, convalescent, disabled, handicapped, infirm or in the need of financial assistance
b) The relief of sickness in the locality by promoting the efficient performance of their duties by Healthcare workers
Public benefit
Friends of Ledbury and District Healthcare are a public benefit entity.
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake.
Achievements and performance
Significant activities and achievements against objectives
The main achievements during the year:
Providing water cooler supplies to Ledbury Health and Care Centre.
Supporting voluntary groups providing help and welfare to local residents
Awarding grants to Healthcare workers to help fund professional development.
Donating medical equipment to G P surgeries and other groups in the district.
Financial review
The reserves currently held are £1,731,978. These are considered sufficient to generate adequate income to meet the objectives of the charity.
Reserves policy
It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
Major risks
The Trustees have assessed the major risks to which the Charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
Structure, governance and management
The Charity is unincorporated.
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FRIENDS OF LEDBURY & DISTRICT HEALTHCARE
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees who served during the year and up to the date of signature of the financial statements were: Dr R D Scholefield
Mr L E Davies Mr M Blandford Mrs S M Roig Dr D M Lloyd Mr C Masefield (Resigned 8 October 2024) Dr B Herriot Dr N P Meyer Mr J D Huggins (Appointed 8 October 2024)
Recruitment and appointment of trustees
Appointments are made on the recommendation of Trustees approved at the Annual General Meeting.
Principal address
C/o Masefield Solicitors LLP Worcester Road Ledbury Herefordshire HR8 1PN
The Trustees' report was approved by the Board of Trustees.
Dr R D Scholefield
Trustee
12 August 2025
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FRIENDS OF LEDBURY & DISTRICT HEALTHCARE
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF FRIENDS OF LEDBURY & DISTRICT HEALTHCARE
I report to the Trustees on my examination of the financial statements of Friends of Ledbury & District Healthcare (the Charity) for the year ended 31 December 2024.
Responsibilities and basis of report
As the Trustees of the Charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.
I report in respect of my examination of the Charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
Independent examiner's statement
Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.
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I have completed my examination. I confirm that no 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 Charity as required by section 130 of the Charities Act 2011.
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements 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 financial statements to be reached.
Leadon Valley Accountancy Ltd
Ledbury Business Centre 136 Bridge Street Ledbury Herefordshire HR8 2AS England 12 August 2025
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FRIENDS OF LEDBURY & DISTRICT HEALTHCARE
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2024 | 2023 | ||
| Notes | £ | £ | |
| Income from: | |||
| Investments | 2 | 48,485 | 46,034 |
| Total income | 48,485 | 46,034 | |
| Expenditure on: | |||
| Charitable activities | 3 | 23,582 | 39,482 |
| Total expenditure | 23,582 | 39,482 | |
| Net gains/(losses) on investments | 8 | 35,784 | 135,354 |
| Net income and movement in funds | 60,687 | 141,906 | |
| Reconciliation of funds: | |||
| Fund balances at 1 January 2024 | 1,671,291 | 1,529,385 | |
| Fund balances at 31 December 2024 | 1,731,978 | 1,671,291 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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FRIENDS OF LEDBURY & DISTRICT HEALTHCARE
BALANCE SHEET
AS AT 31 DECEMBER 2024
| Notes Fixed assets Investments 10 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 11 Net current assets Total assets less current liabilities The funds of the Charity Unrestricted funds 12 |
2024 £ £ 1,619,844 112,393 (259) 112,134 1,731,978 1,731,978 1,731,978 |
2023 £ £ 1,584,060 87,429 (198) 87,231 1,671,291 1,671,291 1,671,291 |
2023 £ £ 1,584,060 87,429 (198) 87,231 1,671,291 1,671,291 1,671,291 |
|---|---|---|---|
| 1,671,291 | |||
| 1,671,291 | |||
| 1,671,291 |
The financial statements were approved by the Trustees on 12 August 2025
Dr R D Scholefield Trustee
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FRIENDS OF LEDBURY & DISTRICT HEALTHCARE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1 Accounting policies
Charity information
Friends of Ledbury & District Healthcare is an Unincorporated charity
1.1 Accounting convention
The financial statements have been prepared in accordance with the Charity's governing document, the Charities Act 2011 and "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)". The Charity is a Public Benefit Entity as defined by FRS 102.
The Charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Charity.
1.4 Income
Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
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FRIENDS OF LEDBURY & DISTRICT HEALTHCARE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
1 Accounting policies
(Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
1.6 Fixed asset investments
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.
1.7 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Charity’s contractual obligations expire or are discharged or cancelled.
1.8 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
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FRIENDS OF LEDBURY & DISTRICT HEALTHCARE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
2 Income from investments
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| £ | £ | |
| Interest receivable | 48,485 | 46,034 |
3 Expenditure on charitable activities
| Charitable | Charitable | |
|---|---|---|
| Activities | Activities | |
| 2024 | 2023 | |
| £ | £ | |
| Direct costs | ||
| Water cooler supplies | 1,286 | 993 |
| Equipment purchases | 10,000 | 29,905 |
| Hospital staff course fees | 10,402 | 466 |
| Health and welfare | 533 | 7,000 |
| 22,221 | 38,364 | |
| Share of support and governance costs (see note 4) | ||
| Support | 1,145 | 920 |
| Governance | 216 | 198 |
| 23,582 | 39,482 | |
| Analysis by fund | ||
| Unrestricted funds | 23,582 | 39,482 |
| Support costs allocated to activities | ||
| 2024 | 2023 | |
| £ | £ | |
| Insurance | 365 | 350 |
| Accounting software | 360 | 150 |
| Website costs | 420 | 420 |
| Independent examiners fees | 216 | 198 |
| 1,361 | 1,118 | |
| Analysed between: | ||
| Charitable activities | 1,361 | 1,118 |
4 Support costs allocated to activities
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FRIENDS OF LEDBURY & DISTRICT HEALTHCARE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
| 5 | Net movement in funds | 2024 | 2023 |
|---|---|---|---|
| £ | £ | ||
| The net movement in funds is stated after charging/(crediting): | |||
| Fees payable for the independent examination of the charity's financial | |||
| statements | 198 | 180 |
6 Trustees
None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year.
7 Employees
The average monthly number of employees during the year was:
| Total There were no employees whose annual remuneration was more than £60,000. |
2024 Number - |
2023 Number - |
|---|---|---|
8 Net gains/(losses) on investments
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| general | general | |
| 2024 | 2023 | |
| £ | £ | |
| Gain/(loss) on Fixed Asset investments | 35,784 | 135,354 |
9 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
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FRIENDS OF LEDBURY & DISTRICT HEALTHCARE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
10 Fixed asset investments
| Listed | |
|---|---|
| investments | |
| £ | |
| Cost or valuation | |
| At 1 January 2024 | 1,584,060 |
| Valuation changes | 35,784 |
| At 31 December 2024 | 1,619,844 |
| Carrying amount | |
| At 31 December 2024 | 1,619,844 |
| At 31 December 2023 | 1,584,060 |
11 Creditors: amounts falling due within one year
| Creditors: amounts falling due within one year | ||
|---|---|---|
| Trade creditors Accruals and deferred income |
2024 £ 43 216 259 |
2023 £ - 198 |
| 198 |
12 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At General funds Previous year: At General funds |
1 January 2024 Incoming resources Resources expended Gains and losses At 31 December 2024 £ £ £ £ £ 1,671,291 48,485 (23,582) 35,784 1,731,978 1 January 2023 Incoming resources Resources expended Gains and losses At 31 December 2023 £ £ £ £ £ 1,529,385 46,034 (39,482) 135,354 1,671,291 |
|---|---|
13 Related party transactions
There were no disclosable related party transactions during the year (2023 - none).
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