REGISTERED CHARITY NUMBER: 219251
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2024
for The League of Friends of the Newark Hospital
Wright Vigar Limited Chartered Accountants & Business Advisers Morton House 12 Appletongate Newark Nottinghamshire NG24 1JY
The League of Friends of the Newark Hospital
Contents of the Financial Statements for the Year Ended 31 March 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 10 |
| Detailed Statement of Financial Activities | 11 |
The League of Friends of the Newark Hospital
Report of the Trustees for the Year Ended 31 March 2024
The trustees present their report with the financial statements of the charity for the year ended 31 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).
OBJECTIVES AND ACTIVITIES
Objectives and Activities
The object of the League is to relieve patients and former patients of the Newark Hospital and other members of the community who are sick, convalescing, have a disability or in need of financial assistance and generally to support the charitable work of the Newark Hospital.
ACHIEVEMENT AND PERFORMANCE
Achievements and Performance
We continue to progress and achieve our aims to ensure that all departments and wards can receive help when it is required. We not only raise money for medical equipment but purchase many items that make a patient's stay in hospital more comfortable and areas attractive. We make available packs for emergency admissions and for discharge if required.
Much of our income is generated from donations and legacies or which we are very grateful. We continue to fund hospital equipment on a regular basis and still continue to provide support for our regular commitments and regular requests from the hospital.
FINANCIAL REVIEW
Reserves policy
Is is in the general policy of the League that all funds should be applied to a specific project/appeal in furtherance of the League's objectives. However, the League does endeavour to hold a sum in reserve (i.e. those assets in the unrestricted fund of a charity which the trustees have, or can make, available to apply for all or any of its purposes, once they have provided for the commitments of the charity and its other planned expenditure). The sum shall be kept to a minimum but should ensure sufficient funding for any small urgent requests that may be received. The figure is reviewed annually and this year it is agreed at £3,000. At 31 March 2024 total reserves amounted to £59,804 (2023 - £46,025). Of this, unrestricted reserves amounted to £58,193 (2023 - £40,204) and restricted reserves amounted to £1.611 (2023 - £5,821). The excess amount is being held whilst specific funding opportunities are proposed by the hospital.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Page 1
The League of Friends of the Newark Hospital
Report of the Trustees for the Year Ended 31 March 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Structure, Governance and Management
The organisation is a Registered Charity and is governed by the Trustees in accordance with its Trust Deed approved in June 1990, reconfirmed in June 2000 and amended in June 2010.
Nominations for membership are made to the secretary and trustees are elected by resolution of the committee.
We have a small office provided by the hospital and also work from the homes of the Chairman/Secretary and Treasurer. We usually hold six general meetings a year and an Annual General Meeting and these meetings take place at the Newark Hospital.
Seven committee members are all voluntary - the Chairman/Secretary and Treasurer do receive out of pocket expenses. The committee strives to organise fundraising activities, including raffles, tombolas and other stalls to raise funds and keep our name in the spotlight.
Apart from fund-raising volunteers, hospital volunteers have continued to work within the Outpatients' refreshment bar and the Friends Coffee & Gift Shop, provide a wayfinding service at the main entrance helpdesk, support with basic administrative tasks to support fundraising in the Community Involvement Office, offer an escort service in the Outpatient and MRI departments, provide mealtime assistance on inpatient wards and provide a meet and greet service in the Podiatry Department, Cardio-respiratory and Pre-operative Assessment Unit.
All do not receive payment. However, some do claim travel allowances from the Hospital Trust in line with Government Policy.
Not all volunteers are members of the Hospital League of friends. There are currently 113 volunteers giving some 17,600 hours per year of their time to the hospital and community. We are supported by a Community Involvement Co-ordinator who interviews and screens all volunteers, undertakes disclosure and barring checks and keeps us abreast of health and safety issues. All volunteers receive annual update training in fore, information governance, health and safety and safeguarding.
The trustees have examined the major strategic and operational risks of the charity and confirm that the systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks. A monitoring process ensures a low retained risk to each classification identified.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 219251
Principal address
C/o 16 Hatchetts Lane Newark Nottinghamshire NG24 2AF
Trustees
Ms N Whitworth Chair & Secretary Ms P Fuller Ms J Combes Vice Chair P Smith Ms C Light Ms J Whittaker Ms F Canning Ms B Cobb Treasurer
Independent Examiner
Wright Vigar Limited Chartered Accountants & Business Advisers Morton House 12 Appletongate Newark Nottinghamshire NG24 1JY
Page 2
The League of Friends of the Newark Hospital
Report of the Trustees for the Year Ended 31 March 2024
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ Ms N Whitworth - Trustee
Page 3
Independent Examiner's Report to the Trustees of The League of Friends of the Newark Hospital
Independent examiner's report to the trustees of The League of Friends of the Newark Hospital
I report to the charity trustees on my examination of the accounts of The League of Friends of the Newark Hospital (the Trust) for the year ended 31 March 2024.
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:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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.
Paul Colcomb FCCA
Wright Vigar Limited Chartered Accountants & Business Advisers Morton House 12 Appletongate Newark Nottinghamshire NG24 1JY
Date: .............................................
Page 4
The League of Friends of the Newark Hospital
Statement of Financial Activities for the Year Ended 31 March 2024
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 3,142 Charitable activities Refreshment Areas 98,828 Other trading activities 2 4,017 Total 105,987 EXPENDITURE ON Raising funds 302 Charitable activities Hospital Funds 11,615 Refreshment Areas 75,976 Other 4,125 Total 92,018 NET INCOME/(EXPENDITURE) 13,969 Transfers between funds 7 4,020 Net movement in funds 17,989 RECONCILIATION OF FUNDS Total funds brought forward 40,204 TOTAL FUNDS CARRIED FORWARD 58,193 |
Restricted funds £ - - - - - 190 - - 190 (190) (4,020) (4,210) 5,821 1,611 |
2024 Total funds £ 3,142 98,828 4,017 105,987 302 11,805 75,976 4,125 92,208 13,779 - 13,779 46,025 59,804 |
2023 Total funds £ 2,243 73,988 3,890 80,121 584 38,618 58,893 2,106 100,201 (20,080) - (20,080) 66,105 46,025 |
|---|---|---|---|
The notes form part of these financial statements
Page 5
The League of Friends of the Newark Hospital
Balance Sheet 31 March 2024
| Unrestricted Restricted funds funds Notes £ £ CURRENT ASSETS Stocks 5 5,685 - Cash at bank 62,051 1,611 67,736 1,611 CREDITORS Amounts falling due within one year 6 (9,543) - NET CURRENT ASSETS 58,193 1,611 TOTAL ASSETS LESS CURRENT LIABILITIES 58,193 1,611 NET ASSETS 58,193 1,611 FUNDS 7 Unrestricted funds Restricted funds TOTAL FUNDS |
2024 Total funds £ 5,685 63,662 69,347 (9,543) 59,804 59,804 59,804 58,193 1,611 59,804 |
2023 Total funds £ 5,435 40,590 |
|---|---|---|
| 46,025 - |
||
| 46,025 | ||
| 46,025 | ||
| 46,025 | ||
| 40,204 5,821 |
||
| 46,025 |
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
.............................................
B Cobb - Trustee
The notes form part of these financial statements
Page 6
The League of Friends of the Newark Hospital
Notes to the Financial Statements for the Year Ended 31 March 2024
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. All sales are excluding any VAT.
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.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
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.
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. OTHER TRADING ACTIVITIES
3.
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Hospital fundraising events | 4,017 | 3,890 |
| GRANTS PAYABLE | ||
| 2024 | 2023 | |
| £ | £ | |
| Hospital Funds | 11,468 | 38,270 |
Page 7
continued...
The League of Friends of the Newark Hospital
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
3. GRANTS PAYABLE - continued
The total grants paid to institutions during the year was as follows:
| Bariatric Chair Reclining Chairs Desk and chairs Optical Display Rack Deep Clean SFHT- Staff Contribution Fernwood desk and chairs Door Guards Pain generator machine Small donations The total grants paid to individuals during the year was as follows: Christmas Donations |
2024 £ 708 2,800 1,490 240 350 5,211 - - - - 10,799 2024 £ 669 |
2023 £ - - - - - 5,999 1,302 714 29,000 485 |
|---|---|---|
| 37,500 | ||
| 2023 £ 770 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
5. STOCKS
| STOCKS | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Stocks | 5,685 | 5,435 |
Page 8
continued...
The League of Friends of the Newark Hospital
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| £ | £ | ||||
| Taxation and social security | 3,548 | - | |||
| Other creditors | 5,995 | - | |||
| 9,543 | - | ||||
| 7. | MOVEMENT IN FUNDS | ||||
| Net | Transfers | ||||
| movement | between | At | |||
| At 1.4.23 | in funds | funds | 31.3.24 | ||
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General fund | 39,928 | 14,300 | 3,965 | 58,193 | |
| Designated Uniform | 276 | (331) | 55 | - | |
| 40,204 | 13,969 | 4,020 | 58,193 | ||
| Restricted funds | |||||
| Specific requests | 5,821 | (190) | (4,020) | 1,611 | |
| TOTAL FUNDS | 46,025 | 13,779 | - | 59,804 | |
| Net movement in funds, included in the above are as follows: | |||||
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 105,987 | (91,687) | 14,300 | ||
| Designated Uniform | - | (331) | (331) | ||
| 105,987 | (92,018) | 13,969 | |||
| Restricted funds | |||||
| Specific requests | - | (190) | (190) | ||
| TOTAL FUNDS | 105,987 | (92,208) | 13,779 | ||
| Comparatives for movement in funds | |||||
| Net | Transfers | ||||
| movement | between | At | |||
| At 1.4.22 | in funds | funds | 31.3.23 | ||
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General fund | 59,473 | 9,827 | (29,372) | 39,928 | |
| Designated Fire boot for tea bar door | 300 | - | (300) | - | |
| Designated Pain generating machine | - | (29,000) | 29,000 | - | |
| Designated Christmas gifts | - | (770) | 770 | - | |
| Designated Uniform | - | - | 276 | 276 | |
| 59,773 | (19,943) | 374 | 40,204 | ||
| Restricted funds | |||||
| Specific requests | 6,332 | (137) | (374) | 5,821 | |
| TOTAL FUNDS | 66,105 | (20,080) | - | 46,025 |
Page 9
continued...
The League of Friends of the Newark Hospital
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
7. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 80,022 | (70,195) | 9,827 |
| Designated Pain generating machine | - | (29,000) | (29,000) |
| Designated Christmas gifts | - | (770) | (770) |
| 80,022 | (99,965) | (19,943) | |
| Restricted funds | |||
| Specific requests | 99 | (236) | (137) |
| TOTAL FUNDS | 80,121 | (100,201) | (20,080) |
Specific Requests
The fund has arisen due to commitments of the charity for specific items for the hospital.
Transfers between funds
During the period a transfer of £4,020 from specific requests to general funds as specific items were paid out of general fuds in previous years.
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2024.
Page 10
The League of Friends of the Newark Hospital
Detailed Statement of Financial Activities
for the Year Ended 31 March 2024
| INCOME AND ENDOWMENTS Donations and legacies Collection boxes Donations Gift aid Other trading activities Hospital fundraising events Charitable activities Coffee lounge and tea bar Total incoming resources EXPENDITURE Other trading activities Gifts and prizes - fundraisers Charitable activities Sundries Coffee lounge cost of sales Coffee lounge equipment Grants to institutions Grants to individuals Support costs Governance costs Sundries Accountancy and legal fees ATTEND affiliation Total resources expended Net income/(expenditure) |
2024 £ 760 2,067 315 3,142 4,017 98,828 105,987 302 337 74,693 1,283 10,799 669 87,781 1,067 1,680 1,378 4,125 92,208 13,779 |
2023 £ 1,211 827 205 2,243 3,890 73,988 80,121 584 348 56,343 2,550 37,500 770 97,511 286 540 1,280 2,106 100,201 (20,080) |
|---|---|---|
This page does not form part of the statutory financial statements
Page 11