Charity registration number: 220038 League Of Friends Of Yeovil Hospitals Trustees, Report and Consolidalgd FinancABI Ststements for the Year Ended 30 Seplembgr 2023
League Of Friends or Yeovil Hospitals Contents Reference and Administrative Details Trusteès, Report 2to6 Indeperident Examiners Report 7t08 Consolidated Statement of Finanual Activities Consolidated Balance Sheet 10 Balance Sheel Consolidated Statement of Cash Flows 12 Notès lo the Financial Statements 13to27
League Of Friends Of Yeovil Hospitsls Referenco and Admlnistrative Details Chairnian Jacqueling Henderson Tru$tgeS Margaret Spurr Roger Walkington Yvonne Co1ng Angela Baker Margaret Dove. died 15 May 2023 Nicola J Warde Margaret Cox. resigned 6 April 2023 Frances Hayward Annette Parker, appointed 6 April 2023 Janel Ebdon. appointsd 6 April 2023 Joy Mary Bennotts, appointed 25 April 2023 Margaret Davis-Brown S•cr&tary Treasurer Jlll Stevens Charity Registratlon Number 220038 Princlpal Offic• 22 Brocks Mount Stoke Sub H8mdon Somerset TA14 6PJ Audltor Mll8ted Langdon LLP Chartered Accountants and Registered Auditor5 Molivo House Alvington Yeovil Somerset 8A20 2FG Fund Managers Evelyn Partner5 45 Gresham Street London EC2V 7BG National Westminster Bank PIC 2 Hendford Yeovll Somerset BA20 1TN Bankors Page 1
League Of Friends Of Yeovil Hospitals Trustees. Report The Committee of Managwnènt presgnt Ihelr report alorg wth the financial statements of the charity for the year end8d 30 September 2023. The financial statements have been ppared in accordance with the accounting policias sel out in note 1 to the acwunts and comply with the charity's constitution, the Charities Act 2011 and tha Slatsment of Recommended Practice published in 2019. The govemlng document is the Constitution which was amendèd by The League of Friends of the Yeovil Hospitals at annual g8neral meeting held on 1 April 1997 and further amended al its annual general meeting on 3 May 2018. The committee members appoint new committee members. Oblectlvets and actlvltles Objects and alms Th8 objects of The Leagug of Friends of the Yeovil Hosprtals, a registered charity Ino. 220038}, shall be to relieve pats'enls ané former patients of the YeDviI hospitals and other invalids in the cornmunily who are sick. conv81escenl. disabled, handicapped, infirmed or in need of financial assistance generally and lo support the charitoble work of th& said hospitals. For the purpose of c8rwng out the above objects. bul not otherwk8e. the League shall have the following powers.'_ lal to educate the public in the needs of the pallents of the Yeovll hospitals 8nd other invalids in the community and to mobilise, encourage, foster and maintain the interest and support of the public in the said hospitals,. Ibl tr) assist with the establishment of new LeagU8S and lo foster ctroperation and inler-communicalion ben Leagues and other charitable inslitulions. Local Aulhorthgs, Hospttal Authoribes. National Health Service Authorities and Hearth S8Mce Trusts,. Icl to give and oxchange infomiation and advice and to promote education in all matters relating to hospllals and hospital management and lo promote research and disseminate the results- Id] to publish, or ¢XJntrFbulg to the publications of, any par$, books. periodicals. reports or any olhei documents", le} to hold Gonferences, meetings, lectures, exhibitnS arKI discusslons- lfj to recTUit, and lo assist in the recruitment of, voluntsry workers in 8nd for the Yeovil hospitals,. Ig] lo raise ftjnds and lo invite and receive contributions from any person or persons or organisations whatsoever by way of subscription, donation or otherw7$9" thl lo tske and acc8pI g¢fts of property, whetrer subject to any special trust or not. for the object of the League- ] lo suppl8ment the service prowded by the Yeowl hospitals for the health, weare and comfort of tha patients therein and other invalids in the community by the prowslon of faThlilies. building and equipment, whiGh may be required for the treatment of such pationls, or, for the eficient running of the hospitals.. I to provide, or assist, in the provision of, amenities in thè Yeovil hospitals for patients and staff, induding the provision and running of hospital shops. the eslablishment of dubs. health and recreation centres, hostels and rest and ¢onvale$cenl homes for the u8e and benef51 of such persons-. Page 2
League Of Friends Of Yeovil Hospitals Trustees. Report D(] to undertake and execute any charitsble trust. and; Ill to do such things as are necessary for the attainment of the above objeGts. There have been no changes Sn the objectives. organisation or poliues of The League of Friends of the Yeovil Hospitals I'lhe League'l since the last report. Risk management The Committee h8s recommenced lund raislng acttvities durtng the year. The Commtitee of Management has considered the maior risks to which the League is exposed and has rewewed those risks and established systems and procedures to manage those risks. These procedures are periodically rewewed tr) ensure that they conllnue lo meet the needs of th6 Lgague. Flnan¢lal revlew The Lgague has r8ceiv8d Sncome of £2,247,70312022: £7621 from fun8Tals, bequests and 18gaaes. and donations of £7.74012022.. £4,568). The Loague held its annual quiz which raised £1,331 wth non8 being held in the prewous year, also an evening with the Military Wives choir which raised £558, Ihg first one planned was cancelled due trj in¢lem&nl weather. Last year we had an evening 818 local thaalre raising £546. The League wholly owrks 1000 of the 100 shares of the Hospital Shop. The shop is a seperal8 limited company and produces ils own accounts which have been consolidated wtth the Leagues. The shop. after several difficult years. is now very busy, and has pladged a total donation lo the LeaguB of £148,442. The shop continues lo provide a valuable seNice to the patients. visitors and staff. The coffee bar in the Emergency dep8rtmenl and the newsp8per and magaane service around th8 hospital have all recommenced. A voucher scheme, whl¢h was introduced to anable patients to obtain essenllal supplies. has been discontinued due lo operational dtffi¢ullies. Fr(¥n 1 April 2023 Yeovil Dlslricl Hospital NHS Foundatlon frust b8¢ame part of Somerset NHS Foundation TrLtst. During the period £239,956 was don81ed to Yèovil District Hospital NHS Foundation Trust and Som@rsel NHS Fountlation Twst which included £186.053 towards the refurbishment of the Childron's outpatient area. Review of aetlvities, dgvelopments and achlevements There have b&en no Ghang88 in the objectives, organisation or policies of lh8 League of Fri8nds of Yeovil Hospitals I'th8 League'l apart from our investment policy in light of a legacy arising in the year of £2.2 millwjn. which was not re¢eNed until after the year end. Eve1 Partners wore appointed to oversee this amount and to invgst il on our behalf. Page 3
League Of Friends Of Yeovil Hospitals Trustees. Report We have a policy 88 a committee Ihal all money ralsed and donated is gifted lo the hospital as soon OS F)ossible. There is nomially a lime lag belween the receipt of the money. considering requests received by the hospitsl at our bi-monthly meetings and agreeing how it should be spent. also between the lime the hospital orders the equipment and invoices the League. The transfer of the accounts to the new Foundation Twst has resultèd in some hold ups in receiving the quests for paymont. We, therefore, sometimes have18rge amounts in our bank accounts waiting to be paid out, and at the end of the year this amounted lo £331.140 {2022.' £439.646) of which £118,988 12022= £47,916> has been commilled to projects within the HospStal. We also agreed lo fttnd £100,000 of equipment and fumiture in the propos8d Breast Cancer unit which is lo be builL The committee meets bi-monthty and presently this has been face to face for the year. It Is responsible for fund raising. the management of the various donations and legacies received. and for the decision on how the funds should be spent wlhin the hospital. One or senior officers from the hospital will attend the m8eUngs but th8y hav8 no voting rights. The Chairman 1$ responsible for the organisalion of fund-raising and delegates acliviti8s to willing members. The deaslon of how lo spend the money is taken by th8 whole committeg via voung al each megting. Training is not really appropriate for tha furmkraising activities that are undertaken. however the Chairman and committee members do attend courses offered by the national body (Attend) which 8re appropriate. Most of the members have be8n on the committae for many years and so they are familiar wth the way the League works. As with many charities, th6 Lgagues. whole 8XlStence is lotally dependent on volunteers. both in the committ88 for fundraising and in the shop. It is becoming increasingly difTicult to find such individuals who are wflling to give up their free tlme and wa are having difficulties in re¢fuitsng enough volunteers lo man it. Public benefit We have referred to the guidance Contained in the Ch8rity Commission's general guidance on public benefit whgn reviewing our aim and objectives and in planning our future aclivitias. In parhcular, th8 trustees consrder how planned actlvltles will contribute to the alms and objectives they have set. Our main activities and who we try to b8nofii are desc¥ibed above. All our charitable activi1188 focus on providlng medical equipment 8nd better hospital fac51ities for patignts and their famil$ and are undertaken lo further our chaiitable purposes for the publlc benefit. Reserves policy The Management Committee has examined the League's requirements for reserves in light of the main risks of the charity and will continue to review funding arrangements lo ensu that tha Leagu8 is adequately fLtnded in the longer term. The League is in a fortunate posilKJn with minimal running costs. However, dua lo the time lag betren receiving money, considering requests. agreeing how th8 money should be Spent and ultimately paying for equipment after delivery. large amounts of reserves can build up. The committee does however. endgavour to ensure that all money raised and gifted is donated to the hospital as soon as possible. Al the end of the year. the tharity held £2.670.742 {2022: £506,796) in unrestrictsd funds and £1,830 12022-. £4401 In restricted funds. Thè total amount of free reserves al the end of Ihe year was £2,668,39212022.- £505,737). Page 4
League Of Friends Of Yeovil Hospitals Trustees. Report Investment poli¢y and objectives The trustees seek to cr8ate sufficient income to gnable the charity to cary oijt ils purposes consislenlly year by year with due and proper consideration of fvlure negds. Aside from retaining a prudent amount in reserves each year, most of the charity funds are to be spent in thg short term. Where18rge amounts of income are ceIved. the trustees have agreed that il is appropriate to invest in a low risk profile, and lo implèment a conseNatNe OT eaulious investment Strategy until the funds are requirgd. The Iru8tees seek to create suffiaenl incorne lo enable the charity to cary out ils PUfPOS8s. The trustees wll review the policy statement on a regular basis. Plans for future periods We are plannbng some fundraising activllles In the next year. We are identifying wilh the hospital the areas where the £2.2 million legacy can be ulNised. Page 5
League Of Friends Of Yeovil Hospitals Trustses. Report Responslbllltles of the Commlttee of Managomont The law applicable to charities in England and Wales requires the Members of the Committee to prepare financial statements for each financial year which give a true and fair view of the stale of the affairs of the charity and the group and of the incoming resources and application of resources of the charitable group for that period. In preparing these financial statements, the Members of the Committee are required lo.. Select suitabl8 accounting policies and appty them consi5tenUy,' observe the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent., stale whether appli¢able UK Accounting Stsndards have been followed. subject to any material departures disclosed and explained in the financial ststements., and prepare the financial statements on the going concem basis unless it is inapproprtate to presume that the charity will continue in operation. The committee of Management are responsible for keeping proper accounting re¢ords which disclose with reasonable a¢curacy al any lime the financial position of the charity and enable them to ensure that the financial statements comply with the Charitres Act 2011, the Charity (Accounts and Reports) Regulations and the Constitution. They are also responsible for safeguarding the assets of the charity and hence for tsking reasonable steps for the prevention and detection of frau¢J and other irregularities. The Iruslees are responsible for the maintenance and integrity of the corporate and financial infomiation included on the charivs website. Legislalion in the United Kingdom goveming the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. The annLfal report was approved by Ihe trustees of the charity and signed on tts behalf by.. ueline Henderson irman t Davis-Brown Secretary Page 6
League Of Friends Of Yeovil Hospitals Independent Examiner's Report to the trustees of League Of Friends Of Yeovil Hospitsls I report to the charity trustees on my examination of the accounts of the League Of Friends Of Yeowl Hospitals (the Trust) for the year ended 30 September 2023 which cornprise the Consolidated Statement of Financial Activities. Consolidated Balance Sheet. Balance Sheet, Consolidated Statement of Cash Flows and Notes to the Financial Slatemenls. Respon81bllltles and ba81s of report As the trustees of the Trust you a responsible for the preparation of the accounts in accordance wth the requirements of the Charitses Act 2011 {'the ACVI. An independent examination has taken place instead of an audit (regulation 31{ry} as League Of Friends 01 Yeovil Hosprtals was granted an audit dispensation on 23 April 2024. Having satisfied myself that the accounts of League Of Friends Of Yeovil Hosprtals are not required to be audited and are eligible for independent examination. I report in respect of my examination of your charitys accounts as carried out under section 145 of the Charrties Act 2011 {'the 2011 ACVI. In carying out my examination I have followed the Directions given by the Charity Commission under section 14515llb) of the 2011 Act. An independent examination does not involve gathering all the evidence that would be reqLtired in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the accounts. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently l express no opinion as to whether the Consolidated accounts present a Ywe and falrf view and my report is limited to those specific matters set out in the independent examine$ statement. Independent examiner'$ statsmont Since the Trusvs gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination beuSe I am a member of ICAEW, which is one of the listed bodies. I have ¢ompleted my examination. l o)nfirm that no matters have come to my attention in connection with the examination giving me cause to believe.. 1. accounting records were not kept in respect of League Of Friends Of Yeovil Hospttals as required by section 130 of the 2011 Act,. or 2. the accounts do not accord with those records., or 3. the accounts do not ¢omply with the applicable requirements concerning the foTh and content of 2ccounls set out In the Charities IAGcounls and Reports} Regulations 2008 other than any requirement that the a¢¢ounts give a 'true and fair view, which is not a matter considered a8 part of an independent examination., or 4. the accounts have not been prepared in accordan wtth the rnethods and principles of the statement of Recommended Practice for accounting and pOrting by charities applicable to charities preparing their accounts in accordance Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. Page 7
Loague Of Friends Of Yeovil Hospitals Indepondent Examinerf8 Report to the trustees of League Of Friends Of Yeovil Hospitals I confirm that there are no other matters to which your attention should be dravm lo enable a proper understsnding ofthe accounts to be reached. R J Cadwallader F.C.A. Chartered Accountant Milsted Langdon LLP Motivo House Alvinglon Yeovil Somerset BA20 2FG Date.. Page 8
League Of Friends Of Yeovll Hospitals Consolldated Statement of Financial Activities for the Year Ended 30 September 2023 (Includlng Consolldated Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unre$trict•d Restrietsd funds fund$ Total 2023 Total 2022 Noto Income and Endowments from: Donations arKI legacios Other trading aclivitles Inveslmont income 2,254.563 516.161 7,512 1.830 2,256,393 516,161 7.512 6,190 289,426 1,614 Total incomè 2,778.236 1,830 2,780,066 297,230 Expenditure on: Raising funds Charltable acttvities 1367.9641 246.326 {367,9641 246,7661 1217,1751 78,288 440 Total expenditure 614,290 440 614,730 295.463 Ng1 income 2.163,946 1.390 2.165,336 1,767 Net movement in funds 2,163.946 1,390 2,16S,336 1,767 Reconclllatlon of funds Total funds brought forward Totsl funds ¢arried fOard 18 506,796 507.236 505,469 2.670,742 1.830 2.672.572 507,236 Th& consolidat9d slalement of financial actThiities includes all gains and losses recognised durtng th year. All incoming sOUrceS and resources expended detlve from continuing OperatnS during the above two periods. The funds breakdown for 2022 Is shown in note 18. Tho notes on pages 13 10 27 fom) an intègral part of these financial statemgnts. Page 9
League Of Friends Of Yeovil Hospitals (Reglstration number: 220038> Consolidatsd Balance Sheet as at 30 September 2023 2023 2022 Note Fix•d assets Tangible assets 12 2,350 1,059 Current assets Stocks Debtors Cash at bank and in hand 12,566 2.233,710 463,663 2,709.939 39,717 11,628 15,565 505,948 533,141 14 Credltors: Amounts f•lllng due wlthln ono year Net ¢urrent assets 15 26,964 2,670,222 506,177 507,236 Net assets 2,672,572 Funds of the charFty: Restrictod income funds Restricted funds 1,830 440 Unrestricted Income funds Unrestricted funds 2.670,742 2.672,572 506,796 507,236 Totsl funds 18 The financial statements on pages 9 to 26 were approved by the trustees, and authorised for issue on l.a and signed on their behalf by.. ueline Henderson imian ret Davis-Brown Secretary The notes on pages 13 to 26 fomi an integral part of these financial statements. Page 10
League Of Frlends Of Yeovil H03pitsIs (Registration number: 2200381 Balance Sheet as at 30 September 2023 2023 2022 Notg Fixed assets Investments 100 100 Current assets DebtOTS Cash at bank and in hand 14 2.347,944 331,140 2,679,084 74,509 439,646 514,1S5 Credltors: Amounts falllng due wlthln one year 15 {4.380 3,540 Net current assets 2,674,704 2,674,804 510,615 Net assets 510,715 Funds ofthe charty: Restricted incomg funds Restricted funds 1,830 440 Unrestrfcted Income funds Unrestricted fvnds 2,672.974 510,275 Total lunds 2,674,804 510.715 The financial statements on pages 9 to 26 were approved by the trustees, and authorised for issue on and signed on their beha by.. ueline Henderson airman el Davis-Brown Secretary The notes on pages 13 to 26 fo an integral part of these financial statements. Page 11
League Of Friends Of Yeovil Hospitals Consolidated Statement of Cash Flows for the Year Ended 30 September 2023 2023 2022 Note Cash flow$ from operatlng actlvltlos Nel cash incomg 2.165.336 1,767 Adjustments to cash flows Irom nona$h items Deprectalion Investment income 541 7.512 1.453 1.614 1.606 2.158.365 Worklng ¢apltal adjustments {Increasèllde¢rease in stocks Incraase in debtors IncsSe in creditors 19381 12.218,1451 12.753 383 {6,6171 9,754 14 15 Nel cash flows from opgraling activities Cash flows from investing activitles Interesl receivable and similar income Purchase of tangible fix8d assets Nel cash flows from investing actimtiès N61 Idecreaseifincrease in cash and cash equivalents Cash and csh 8quivalents al 1 October Cash and cash equivalents al 30 September 47.965 5,126 7.512 1,832 1.614 480 12 5.680 1,134 {42.2851 505,948 6.260 499.688 463.663 505,948 All of the cash flows are derived from continuing operations during the al>ovo pericxls. The notes on pages 13 to 27 forni an integral part of lhasa financial statements. Page 12
League Of Friends Of Yeovil Hospitals Notes to the Flnanclal Statements for the Year Ended 30 September 2023 1 Accounting policies Summary of signtllcant a¢¢ountlng policies and key accounting •$timate$ Th8 principal accounting policies applied in the preparation of these financial slalemants are set out below. These poliGi8$ have been consislenlly applied to all the years presented. unless otherwise stated. ststgmont of compliancè The financial statements have been prepared in aGGordance with th8 Statement of Recommended Practice.. Accounting and R8POrting by Charities preparing Iheir accounts in accordance with the Fin8ncial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS102} 18ff8clive 1 January 20191- (Charities SORP IFRS10211, and th& Financial Reporting Slafidard applicable in the UK and Republic of Ireland {FRS1021 and the Charities Act 2011. Basis of pr•paration League Of Friends Of YeoMI Hospitals meèts the daflnitlon of a public benefit entity under FRS 102. Assets an¢J liabilities ar9 initially recognised at histori¢81 cost or transaction valu& unless oth8rwis stated in th8 revant accounting policy notes. Ba$ls of consolldatlon The League of Friends of tha Yeovil Hospitals has a 100VA holding in Friends of Yeovil Hospitsl Shop Limited and consolidated financial slalements are required lo be prepared. These financial statements consolidate the rasulls of the charity and ils subsidiary undertaking on a line by line basis. A separate statement of financial activities is not PTesented for the charity itself following the exemptions afforded by paragraph 397 of the SORP. Going eon¢ern The trustees assess whether the use of the going concem is appropriato i.e. whether there any material uncertainties re18ted lo events or conditions that may cast signrficant doubt on the ability of the League of Friends of the Yeovil Hospitals to continue as e going concem. The trustees make this assessment in respect for a period of al least one year frc¥n the date of the aulhorfsallon for issue of the financial slalements and hav8 concluded that the League has adgquate resources to continue in operational existsnce foT the foreseeable future and there ar8 no mateiial uncertainties about the League's ability lo continue as a going conc@m, thus they continue to adopt the going concern basi5 of accounting in preparing th8 ffnanci85 stal8menls. Page 13
League Of Friends Of Yeovil Hospitals Notes to the Financial Statsments for the Year Ended 30 September 2023 Income and endowments All income is recognised once the charty has entitlement to the income, il is cartain that the income will be rec8lved and the amount of income receivable can be measured with sufficient reliability- For legacy gifts, entidement is taken 8$ the earlier of the date on which the estatè is finalised or when a distribution is received Irom the estate. Whore material legacies have been notrfied bul the requirements of income r8cognition have not been mel. the details of the legacies a disclosed in note 20. Interasl on funds held on depostt is induded when recèNable and the amount can be measureij reliably by the charity.. this is normally upon nolrficalion of the interest pald or payable by the bank. Donatlons In klnd The charity is fortunatè in the lovel of active support it receives from voluntee. These volunteers spend a considerable amount of time administering our activiknes. Without this voluntsry support considerable additional exp&nse would be incurred. It is not Considered maaningful or practicable lo put a monetary value on Ihls support. we can but offer a heartfelt- Thank you,. Expendire Liabilitl8s are recognised as oxpenditure as soon as there is a legal or constructive obligation committing the charity lo thg gxpendilure, il is probable that settlement will ba required and the amount of the obligation can be measured reliably. All expènditure is accounted for on an accruals b8sI8 and h8s been dassified under headlngs that aggregats all costs related to the category. Costs of generating funds include fundraisin9 costs. shop sales and maintenance of asse15. Costs of charitable aclwities comprise all expenditure directly rglaling lo the objeGts of the charity. Governance costs comprise all costs invoknng public accountability of the charity and its Cofnpliance with constltutional and stalulory requirements. Support costs include other administrative costs. Govemment grants Govemment grants are recognised on an accruals basis. They are recognised in income on a sy3temalic basis over the periods in which the entity recognises the related Gosls for which thè granl is intended to compensate. Taxation As a register8d ch8rity League of Friends of Yeovil Hospitals is 8xempt from taxation in respect of income or capital gains lo the exlonl that such income or gains ar8 applied exclusively lo charitable purpose8. Tanglble fixed assets The Trustees have d8cided that fixed assets bglow tha value of £500 are not capilalised and they have also implem8nted 8 policy of completing regular impaimient revlews of fLxed assets. An imp8imient review aim8 to ensuTe that fix8d assets are recorded in the accounts al no more than their recoverable 8mount. Page 14
League Of Friends Of Yeovll Hospltals Notes to the Financial Statements for the Yoar Ended 30 September 2023 Depre¢iatlon and amortlsation Oeprecialion is provided on tangible flxèd assets so as lo write off the cost or valuation. less any estimated residual value, over their expected useful economic lrfe as follows-. Asset class Fixtures and fittinos Office eqUipMt Depreclatlon method and ratè 10% - 33.30/0 straight line 20% reducing balance Current ass8t inv¢stment$ The trustees seek lo create SLrfficient incomè lo enable the chartty to carry out its purposes consistently year by year with due and proper consideration of futur8 need5. Aside from retaining a prudent amount in reserves each year, most of the charity funds are to be spent in the short term. Where large amounts of income ar@ received, rhe Iruslees have agreed that il is appropriate to invest in a low risk profile. and lo imploment a conservalwe or cautious investment strategy until the funds are requirgd. The Iruslees seek to create sufficAent income lo enablg the charity to carry out its purposes. The trLfslees will review the investment policy stslement on a règular basis. Donated servl¢g8 The shop is operated whhin an NHS hospital and is not charged rent. The truste@s have not estimated the martel value of rent due on the premises as it is not reasonably quantifiable or measurable. stock Strjck is valued at the low8r of cost and net realisable value. Fund structure R8stri¢ted income fLtnds are funds vthich are lo be used in accordance with spectfic restrIlOn5 imposed by the donor or the Conslitulion. See note 18 for details of the restricted funds of the charity. Unrestricted funds comprise those funds which the Committee of Management are free to use for any purpose in furtherance of the charstsble objects. Unrestricted funds include designated funds where the Committ8a of Management. al their discretion, have created a fund for a 8pectfic purpose. Ponsions and othèr post retirement obligatlons A defined contribution plan is a per>sion plan under which flxèd contributions are paid into a pension fund and the charity has no legal or constructive obligation lo pay further contributions èven if the fund does not hold suffi¢ienl assets lo pay 011 employ8ès the benefits relating to gmployee service in the cuffenl and prior periods. ContribLrtions to defined contribution plans are recognised as employee benefit expense when they ara due. If contribution payments exceed thè contribution due for service, tha excess is recognised as a pr&p8yThent. Page15
League Of Friends Of Yeovil Hospitals Notes to the Financial Ststements for the Year Ended 30 September 2023 Flnan¢ial instruments Recognition and m8asurement The League only holds baslc flnanei81 instruments as defined in FRS 102. Thg financial assets and rinancial liabilities of the Leaguè and their measurgment basis are as follows: Financsal assets - trade and other debtors are bas4c financial instruments and are debt instruments me88ured al amortised cost as datailed in note 14. Prepayments are not financial instruments. Cash at bank- is cl8ssrfied as a basic fanCial instrument and is measured al f8ce value. Flnancial liabililras trade creditors. accruals and other credllors are TinanciBI instruments, and are measured at amortised cost 88 detailed in note 15. Taxation and social security are not included in the financial inslrumgnts disclosure definition. Daferrgd income is not deemed to be a financial liability. as the cash settlement has already taken place and there is no obligation lo deliver services rather than cash or another financl81 Instrument. Page 16
League Of Friends Of Yeovil Hospltals Notes to the Financial Statements for the Year Ended 30 September 2023 2 Income from donatlons and legacios Unra$trfded funds General Restricted funds Total 2023 Total 2022 Donations and legacies,. Donations and gifts Legacies and funeral donations Income tax and gift aid 5,910 1,830 7.740 2.247.703 950 2,247,703 950 762 2,254,563 1.830 2.256,393 6.190 £2.254.563 (2022 - £6.1901 of the income above was attributable lo unrestricted funds and £1,830 12022- £Nill attribulable lo restricted funds. 3 Income from other tradlng activities Unrestricted tunds General Total 2023 Total 2022 Trading income., Commerciol trading operations Events income,. Other events income 512,759 512,759 288,689 3,402 518,161 3.402 516,161 737 289,426 All of the inGome atx)ve was attrlbutable to unrestricted funds in 2023 and 2022. Page 17
League Of Friends Of Yeovil Hospitals Notes to the Financial Statements for the Year Ended 30 September 2023 4 Investment income Unre$trf¢tod funds General Total 2023 Total 2022 Other investment income 7,512 7.512 1,614 All of the Income above was attributable to unrestricted funds In 2023 and 2022. S Exp8ndltur9 on ralslng funds al Costs of gonerating donatlon$ and legacies UnTestrictod funds General Total 2023 Total 2022 Fund-raising and publicity 1,507 1,507 175 b> Costs oltradlng a¢tlvltl¢$ Unrestricted funds General Total 2023 Total 2022 Not? 10 Trading subsidrary costs 366.457 366,457 217,000 366,457 366,457 217.000 All of the expenditure above was attributable to Ltnreslricted fvnds in 2023 and 2022. Page 18
League Of Friends Of Yeovil Hospitals Notss to the Financial Statements for the Year Ended 30 September 2023 6 Expendlture on ¢harltable actlvltie$ Unrestrictèd funds General Restrictsd funds Total 2023 Total 2022 Support to Patients Allocated support costs Govemance costs Donations to YOH NHS Foundation Trust 877 877 735 725 3,710 5.047 5,047 239.516 440 239,956 246,786 73,118 246,326 78,288 £248,326 {2022 - £78.288) of the expenditure above was attributable to unre8trlct&d funds ond £440 12022- £Nill attributable lo restn.cted funds. In additiors to the expenditure analysed above, thero are also govemancg costs of £5,04712022 £3.710) which relate dlrectly to charitable actiwlies. S69 note 7 for further details. Page 19
League Of Friends Of Yeovil Hospitals Notes to the FSnanclal Statements for the Year Ended 30 September 2023 7 Analysls of governance and supp¢rt costs Support costs allocated to charltabla actlvltlos other support costs Total 2023 Total 2022 Basls of allo¢atlon 100•A support 100% support Attend subscriptlon Travel Costs 776 110 776 110 725 886 886 725 Goveman¢o costs Unre$trl¢ted fund$ Goner41 Total 2023 Total 2022 Independent examiner fees Examination of the financial stalements Other fees paid to exarniners Other governanca costs 1.880 3,101 66 1.880 3,101 66 1,525 2.185 5.047 5.047 3,710 8 Net Incomlngloutgolng r•$ourcg$ Nel incoming resources for the year indude.. 2023 2022 Independent examinels f8es Depreciation of fixed assgts 4.981 541 3.710 1,453 9 Trust•es remuneTation and expensgs Dunno the year the charity made the follovéing transactions with Irustees.. During the year. 3 trust89s (2022: Nil) were reimbursed £207 {2022-. £Nill for travel. AGM and fundraising expenses. No Iruslees, nor any persons connected wlh them. have rgc8ived any r8mun8TrIic from th8 charity during the year. No trustees have recelved any other boneffts from the charity during the year. Page 20
League Of Frlends Of Yeovll Hospltals Notes to the Financial Statements for the Year Ended 30 September 2023 10 Net income from tradlng actlvltles of subsldlary Th8 charity owns the er*tire share capital of 100 ordinary shares of £1 each In the wholly owned subsidiary Friends of Yeowl Hospital Shop Limited, which is incorporated in the United Kingdom. company number 02575863. The prinopal acliviligs of the Fri9nds of Yeovil Hospital Shop Limited during the year continued to be those of ts11 confectioners 8nd newsagents at Yeovil District Hospital. A summary of rèsults is shown below.. Sub$idary Profft and Loss 2023 2022 Tumover 512.759 1314,4451 198,314 3,367 152.0121 149,669 69,530 173,009) 146.190 288,689 1172,5221 116.167 347 Cost of sales Gross profil Other opèrating income Adminislralive expenses Net Profll 144.4781 72,036 57.515 160,021 } 69,530 Reserves brought fOard Distributn to The Leaguo of Friends of Yeovil Hospita Retsined In Subsidiary Thg assots and liabilities of the subsidiary were 2023 2022 Fixed assets 1,059 91,995 123,4241 69,630 Current assets 179,277 135,3371 146,290 Current liabilities Total net assets Share capital Resetves 1¢XI 100 146,190 146.290 69.530 69.630 Totsl equity Page 21
League Of Friends Of Yeovil Hospitals Notes to the Financial Statements for the Year Ended 30 September 2023 11 Staff costs The aggregate payToII costs were as follows: 2023 2022 staff eo$ts dvring the y8ar w¢r•: Wages and salaries Staff ponsions Idefin6d contribulionl 41.654 1,643 35,615 1,366 43,297 36,981 The average number of persons employ8d during the year wa$ as follows: 2023 2022 Averago number of employees No employee received emoluments of more than £60.(X)D during the year. All of the above expenditure was from the trading subsidiary and as a resyll are all 8ttributsble lo unrestricted funds in 2023 and 2022. 12 Tanglble fixod as$gts Group Flxtures and rrttin9S equipment Total Cost At 1 October 2022 Aijdtlions 13,836 1.631 978 201 14,814 1.832 At 30 September 2023 15,467 1,179 16,646 Depro¢latlon Al 1 Oclob8r 2022 Charge for the year At 30 S&ptember 2023 Net book value 13,403 375 352 166 13,755 541 13,778 518 14,296 At 30 September 2023 At 30 September 2022 1,689 661 2.350 433 626 1,059 Page 22
League Of Friends Of Yeovil Hospitsls Notes to the Flnancial Statements for the Year Ended 30 September 2023 13 Fixed asset investments Charity Shares In group undertaklngs and partlclpatlng intsrests Subsidiary und8rtaking$ Total Cost Al 1 October 2022 100 100 AI 30 S8pt8mber 2023 Net book value 100 100 At 30 September 2023 At 30 September 2022 100 100 100 The charity holds a 100¥o equity 8har8holding In Frfends of Yeowl Hospttal Shop Limited. The subsidiary wll be making a gift aid payment to the charfty of £148,422 within nine months of the peric gnd. The activities and results of this company are summarised in note 10. 14 Debtors Group Charity 2023 2022 2023 2022 Prepayments Accrued incom& Other debt 265 375 14,925 265 73,384 860 2,198,572 35.138 2,346.994 950 2,233,710 15.565 2,347,944 74.509 In January 2024, an advance of £2 million was r8ceiv8d by the Charity in respect of a1gga¢y for which a total of £2.195.716 has been included within accrued income al the balanca sheet dale. Page 23
League Of Frlends Of Yeovil Hospitals Notes to the Financial Statements for the Year Ended 30 September 2023 15 Credltors: amounts falllng due wtthin one year Group Charlty 2023 2022 2023 2022 Trade crgdilors Other taxation and social secLtrity VAT payab Other Creditors Aceruals 24.915 15.218 1,090 5,366 1.337 7,009 359 4.222 1,241 5,924 4,380 4.380 39.717 26,964 3.540 16 Commltteo members. Ilablllty Legal liability on behalf of Committee Members for defencè costs. expgnses and settlements for claims alleging any 8rror, misstatement or misleading statement. act, omisston, neglect or breach of duly is covered under the Group Insurance of the National Association of LeagLt8s of Hospital Friends. This policy covers clairns up lo a maximum of £5 mIlln, however. thgre is a limll of £500.000 per individu81 League. 17 Contingont assets Charity The Charity has been made aware that it is du8 to receive an eslimatad £112,277 as the residual beneficiary of an estate. In January 2024, the Charity was made aware that It is due to receive an additional £145.000 legacy. Page 24
League Of Friends Of Yeovil Hospitals Notes to the Flnancial Statements for the Year Ended 30 September 2023 18 Funds Group Balanca at 30 Septemb•r 2023 Balance at 1 O¢tobor 2022 Incomlng Resources resources expended Transfers Unrestrlcted funds General Unre51ricted genèral frjnds 58,880 2,778,236 {416.3741 1117,1581 2,303,584 Designated Children's outpatients Other designated funds Breast Cancer Unit Naw projects 150,000 47,916 11JO,000 150.000 447.916 1150.0001 147,916) 117,158 117,158 100,000 150,000 197,916 117,158 367.158 Total unrestrlcted funds 506.798 2.778,236 614.290 2,670,742 Restricted funds Chernotherapy unil Macmillon unit Barrie Ackland Ward 8B Daphne l Tulk Macmlllan unil John Hicks Respiratory department Total restrfcted funds 66 {66} 85 175 114 1851 {1751 {1141 1,830 1,830 440 440 1,830 Totsl funds 507,236 2,780,066 614.730 2,672,572 Page 25
League Of Friends Of Yeovll Hospltals Notes to the Financlal Ststements for the Year Ended 30 September 2023 Balanco at 30 Sèptembèr 2022 Balan¢e at 1 October 2021 Incomlng Resourvs rn$ourc•s oxpended Transfers Unrestrlcted funds General unreStrted general funds 169,771 297,230 {267,6011 1140.S20) S8,880 Designated Children's oulpalienls Other designated funds Breast Cancer Unit New proiects 300,000 35.258 1150,000} 40.520 100,¢XJO 150,000 150,000 47,916 100,000 150,000 {27.8621 335,258 27,862 140.520 447,916 Total unre$trl¢tsd funds 505,029 297,230 295.463 506,796 Ro$trf¢t•d funds Chemother8py unit Macmillan unit Barri8 Ackland WaTd 8B Daphne l Tulk Macrnillan unit John Hicks 66 85 175 114 85 175 114 Totsl rostrictod funds 440 Total funds 505.469 297.230 295.463 507,236 Purposes of rgstrfctgd fund$ Restricted funds are funds received for spedfic purposes and are in respgct of a particular ward, unil. or health condition as dgtsilad above. Purpo$o$ of doslgnated funds These a funds set aside to be donated in the future to the Ywvil Distrid Hospital NHS Foundation Trust. as agreed al General Meetlngs. Page 26
League Of Friends Of Yeovil Hospitals Notes to the Financial Statements for the Year Ended 30 September 2023 19 Analysis of not assets bgtweon funds Group Total funds at30 September 2023 Unre5trictod funds General R•$trl¢t•d funds Tangiblo fixed ass&ls Current assets Cuffenl liabiliti6$ 2,350 2,708,109 39,717 2,350 2,709,939 39,717} 2.672.572 1.830 Total nel ossets 2.670.742 1,830 Total funds at30 September 2022 Unrgstrlcted funds General Restrldod funds Tangibl8 assets Current ass&ls Current liabilities 1,059 532,701 26,964 1,059 533,141 26,964 440 Totsl nel assets 506,796 440 507.236 20 Matorial 18gaelgs and bequests The amount of legacy income notified bul not yel recewed as al 30 Sopl¢mber 2023 Is £Nil {30 Septembgr 2022.. £50.000}. 21 Related party tranrA¢tlons Charity Other than as detailed in note 9 of the accounts, no other related paty transactions arose in the r. Page 27