Charity registration number.. 220038 League Of Friends Of Yeovil Hospitals Trustegs, Report and Con$olk4ated Financial Statements for the Year Ended 30 September 2024
League Of Friends Of Yeovil Hospitals Contents Reference and Administrative Details Trustees, Report 2to6 Independent Examinerfs Report 7108 Consolidated Slalemenl of Financial Activities Consolidated Balance Sheet 10 Balance Sheet Consolidated Slalement of Cash Flows 12 Notes lo the Financial Statements 13to28
League or Friends Of Y8oviI Hospitals Reference and Administrative Details Chalrman Jaqueline Henderson Trustees Margaret Spurr Roger Walkinglon Yvonne Cowling Angela Baker Nicola J Wardell Frances Hayward Annette Parker, appointed 6 April 2023 Janet Ebdon. appointed 6 April 2023 Joy Mary Bennetts, appointed 25 April 2023, resigned 11 February 2025 Secretary Margaret Davis•8r(Y+vn Treasurer Jill Stevens Charlty Registratlon Number 220038 Princlpal Offl 22 Brccks Mount Stoke Sub Hamdon Somer5el TA14 6PJ Indopendont Examinar Milsted Langdon LLP Chartered Accountsnts Molivo HoL6se Alvington Yeovil Somerset BA20 2FG Fund Managers Evelyn Partners 45 Gresham Street London EC2V 7BG Bankors National Weslminsler Bank PIC 2 Hendford Yeovil Somerset BA20 1TN Page 1
League Of Friends Of Yeovil Hospitals Trustees. Report The Committee of Management present their report along wf(h the financial statemènts of the charity for the year ended 30 September 2024. The financial statements have been prepared In accordance with the a¢¢ounling poIleS sel out in note I lo the accounts and comply wf(h the charity's onstilution, the Charib"es Acl 2011 and the Statement of Recommended Practs'ce published in 2019. The goveming document is the Constitution which was amended by The League of Frtends of the Yeovil Hospitals al its annual general me8ting held on 1 April 1997 and further amended al ils annual general meeting on 3 May 2018. The committee members appoint new committee members. Objectives and activities Objects and aims The objects of The League tsf Friends of thè Yeovil Hospltals, a registered charity Ino. 22003818nd unincorporated asso¢iatiDn, shall be lo relieve patients and former patient5 of the Yeovil hospitals and other invalids in the cornmunity who are sick, convalescent, disabled, handicapped, in11mied OT in need of financial assistance generalty and 10 5UPPOrt the charrtable work of the said hospitals. For the purpose of carying out the above objects, but not otherwise, the League shall have the following powers... lal lo eclucate the public in the needs ol the palients of the Yeovil hospitals and other invalids in the community and lo mobilise, encourage. foster and maintain the intere51 and support of the public in the said hosprtals.. Ibl to assist with the eslablishmenl ol new Leagues and lo foster co-operation and inter-CDmmunicalion between Leagues and other charitable institutions, Local Aulhorrties. Hospital AulhorTties, National He8h SeNi¢e Authorities and Health Service Tru5ts', Icl lo give and exchange infomalion and advice and ta promote education in all matters relating to hospitals and hospital management and lo promote research and disserninale the resurts.. Idl lo publish, or conlfibute lo the publications of, any papers. books, periodicals, reports or any other documents., lel lo hold conf8ren¢ès, mèetings. lectures, axhibitions 8nd discus5ion5', ifj to recruit, and lo assist in the recruitment of, voluntary workers in and for the Yeovil hospitaLs', Igl lo raise funds and to invite and receive contributions from any person or persons or organisations whatsoever by way of subscription, donation or olheMise'. Ihl lo take and accept gifts of Property. whether subject lo any special trust or not, for the object of the League., lil lo supplement the sèrvice providèd by the Y8oviI hospitals lor the health. welfafe and comfort of the patients therein and other invalids in the Community by the provision of facilities, building and equ1pment, which may be reqUId for the treatment of such palien15, Dr, for the efticienl running of the hospitals.. tj'l lo provide, or assist, in the provis10n of, amenities in the Yeovil hosprtals fof patients and staff, including th8 provision and running of hospital Shops, the establishment of clubs, health and recreation centres, hostels and resl and convalescent homes for the use and benefit of such persons, Page 2
League Of Friends Of Yeovil Hospitals Trusteos, Report Ikl to undertake and execute any charitable Irusl. and., tij to do such things as are necessary for the attainm6nt of th8 above objects. There have been no changes in the objectives, organisation or policies of The League of Friends of the Yeovil Hospitals I'the League'l since the last report. Rlsk management The Committee has recommenced fund raising activities during the year. The Commrtiee of Management has considered the major risks lo whh the League is exposed and has reviewed those risks and established systems and procedures to manage those risks. These procgdures are periodically reviewed lo ensure that they continue lo meet the needs of the League. nancial revi8w The League hdd ils annual quiz whl¢h rais £795 {2023.' £1.3311. Last year we had an evening with the Military Vvives Choir. The League wholly owns 1 QOQk of the 100 shares of the Hospital Shop. The shop is a separate limited company and produces its own accounts which have been consolidated with the League's. The shop continues to be very popular and pledged a total donation lo the League of £198,422. The shop continues to provide a valuable service lo the patients, visitors and staff. The drinks facilty in the Emergency department and the newspaper and magazine 8eNce around the hospital have proved popular. From 1 April 2023 Yeovil Di%lricl Hospital NHS Foundation Trust became part of Somersel NHS Foun¢Jalion Trust. guring the period £441.082 was donat8d lo Yeovil District Hosp((al NHS Foundation Trust and Somarset NHS Foundation Trust which included £198,000 towards the new breast cancer unil at YeoMI. Revlew of actfvltles, developnpents and Khlevements There have been no changes in the objectNe5, organisalion or policies of the League of Friends of Yeovil Hospitals I'lhe League"). Pa9e 3
League Of Friends Of Yeovil Hospitals Trustees. Report We have 8 POIY as a committee that all money raised and donated is grfted to the hospital as soon as possible. There is normally a lime lag between the receipt of the rnoney, considering requests received by the h05pilal at our bi-monthly meetings and agreeing how It should be spent, also been the lime the hospital orders the equipment and invoices the League. The transfer of the a¢counls lo the new Foundation Trust has resulted in some hold ups in receiving the Fequesls foi payment. We, therefore, sometimes have large amounts in our bank accounts wailing lo be paid out, and al the end of the year this amounted lo £2.079,25612023. £331, 1401 of which £204,023 12023." £118,988) has been committed to projec15 within the Hospital and a further £388.000 has been committed for equipment In the new Eye Injection clin, also. £5DQ,000 plus for the redesigning and refurfoishing of the Emergency Department. The Committ meets bi-monthly and presently this has been face to face for the year. 11 is respon5ilJle lor fund raising. the management of the various donations and legacies received, and lof the decisitsn on how the funds should be Spent wh1 the hospital. One or senior officers from the hospital will attend the meetings bul they have no voting rights. The Chaim)an is responsible for the organisalion of fL5nd-raising and delegates a¢tivities to willing membèrs. The decision of how lo spend the money is taken by the whole committee via voting al each meeting. Training is not real apprtjpriale for the fund-raising activities that are undertaken, however the Chairman and committee members do attend CDLtrses offered by the national body (Attend) which are appropriate. Most of the members have been on the committee for many year5 and so they are familiar with the way the League works As with many chorities. the Leagues, whole existence is totally dependent on volunteers, both In the committee for fundraising and In the shop. 11 Is becoming increasingly difficult lo find such individuals who are willing lo give up their free lime and we are having difficulties in recfviling enough volunteers lo man bt. Public benefit We have ieferred to the guidance contained in the Charity Commission's general gUanCe on public benefrt when revi1n9 our aim and objectives antl in plannillg our future activities. In particular, the trustees consider how planned activities will contribute lo the aims and objectives they have sel. Our main activities and who we try to benefit are described above. All our charf(able activities focus on providing medical equipment and better hospital facilities for patiènts and thèir families and are undertaken lo further our charitable purposes for the public benefit. Page 4
League Of Friends Of Yeovil Hospltals Trustees, Report Reserve$ poll The Management Committee has examined the League's requirements tor reserves in Ih1 of the main risks of the charity and will continue lo review funding arrangements to ensure that the League is adequately fundod in the longer term. The League is in a fortunate position wlh minimal running costs. H¢Mever, due to the time lag between receiving money, considering requests, agreeing how the money should be spent and ultimately pawng for equipment after delivery, large amounts of reserves can buikj up. The Committee do however, endeavour to ensure that all money raised and gifted is donated to the hospitsl as soon as possible. Al the end of th8 ar, the chanty held £2.540.50Q 12023.. £2,670,742) in unreslricled funds and £1.93012023.. £1.8301 in restricted funds. The total amount of free reserves at the end of the year was £2,537.72712023'. £2,668,392) Investmont pollcy and oblectlves The Iruslees seek to create sufficient inGome lo enable the charty lo eaTry Out its purposes consistèntly year by year with due arK* proper consideration of future needs. Aside from retaining a prudent amount in reserves each year. most of the charity funds are lo be spent in the Short term. Where large amounts of income ore received, the trustees have agraed that rt is appropriate lo invest in a k)W Fisk profile, and lo implement a CDn5ervative or cautious investment strategy until the funds are required. The trustees seek lo create sufficient income lo enable the charty to cary out ils purposes. The Iruslee5 will review the policy statement on a regular basis. Plans for futurg rIodS In 2025 we are celebrating our 75th anniversary and we are planning some fundraising actNiti6s in the next year. Page 5
League Of Friends Of Yeovil Hospitals Trust88s' Report Responsibilities of the Committee of Management The law applicable lo charities in England and WaS requires the Members of the Commtttee lo prepare financial statements for each financial year which give a true and fair wew of the Stale of the affairs of the charity and the group and of the incoming resources and application of resources of the ¢harilable group for that period. In preparing these financial slalemenls, the Members of the Committee are required lo.. select suitable accounting policies and apply them consistently", observe the methods and principles in the Charities SORP, make judgements and estimates that are re8sonable and prudent", slate whether applicable UK Accounting Standards have been folk)wed, subject lo any material departures disck)sed and explained in the financial stalemenls., and prepare the financial statements on the going concern basis unles5 1115 inappropriate to presurne that the charity will continue in opÈralion. The committee of Management are responsible for keeping proper accounting records which disc105e with reasonable accuracy al any lime thè financial positioll r)f the charty and enable them lo ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations and the ConstitulK)n. Thèy are also rèsponsible for safeguarcfin9 the assets of the charity and hen for taking iea50nable slep5 for the prevention and detection of fraud and other irregularities. The trustee5 are responsible for the maintenance and integrity of the corporate and financial information included on the charity's website. Legislation in the Unilecl Kingdom governing the preparation and dissemination of financial slalemenls may drffer from legislation in other jurisdictions. The annual report was approved by the trustees of the charity on behalf by: and signed on its ueline Henderson aimian Margaret Davis-Brown Secretary Page 6
League Of Frlends Of Yeovil Hospitals Independent Examinevs Report to the trustees of League Of Friends Of Yeovil Hospitals l port to the charity trustees on my exarninalion of the accounts of the League Of Friends Of Y&)vll 03pilals Ilhe Trustl for the year end8d 30 Seplernber 2024 which comprise the Consolidated Statement of Financial Activities, Consolidated Balance Sheet, Balance Sheet, Consolidated Statement of Cash Flows and Notes lo the Financial Statements. Responslbilities and basis of report As the Iruslees of the Trust you are responsible for the preparalton of the accounts in accordanco with the qUIrementS of the Char((ies Act 2011 {'the Act.). Having satisfied myself that the aeeounls of League Of Frtends Of YeoMI Hospf(als are not required to be audited and are eligible for independerbt examination, I report in rèspect of rny examination of your harills accounts as carried out under section 145 of the Charities Act 2011 I'the 2011 Acl'l. In carrying out my examination I have foll¢Med the Directions given by the Charity Commission under section 14515llbl of the 2011 Act. An independent examination does not involve gathering all the evidence that )Uld be required in an udit and consequently does not cover all the matters that an audrtor considers in giving their opinion on the accounts. The planning and conduct of an audit goes beyond the limrted assurance that an independent examination can provide. consequent l express no opinion as to whether the consolidated a¢counls present a 'lrue and fairf view and my report 1$ limited to those specrfic matters sel out in the independent examiner's Statement. Independent examiner's statement Since the Trust's gTOSS income exceeded £250,000 your examiner must be a member of a trK)dy listed in section 145 of the 2011 Act. I conlimi that l am qualrfied to undertake the examination because I am a member ol ICAEW, which is one of the listed bodie5. I have completed my examination. I confirm that no matters have come lo my attention in connection with the exarninalion giwng me cause lo believe., 1. a¢¢ounting records were not kept in respect of League Of Friends Of Yeovil Hospitals as required by $tion 130 of the 2011 Act., or 2. the accounts do not accord with those records., or 3. the COUntS do not comply with the applicable requirements concerning the fomi and content of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts givè a 'lrue and fair view, which is not a matter considered as part of an ind@pendenl examin81ion-, or 4. the accounts have not been prepared in aceordance with the methods and principle5 of the Slalemenl of Recommended Practice for accounting and reporting by chaiities applicable lo harilies pTeparin9 their accounts in accordance Mth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. Page 7
League Of Friends Of Yoovil Hospitals Independent Examlner's Report to the trustees of League Of Friends Of Yeovil Hospitals I confirm that ther& are no other matters lo which your attention should be drawn to enable a proper understanding of the accounts lo be reached. R J Cadwallader F.C.A. Chartered Accountant Milsted Langdon LLP Molivo House Alvinglon Yeovil Somersel BA20 2FG Dale.. Page 8
League Of Frlends Of Yeovll Hospitals Consolidated Statement of Financial Activities for the Year Ended 30 September 2024 (Including Consolidated Income and Expendlture Account and Statement of Total ReGognised Gains and Losses) Unrestricted funds Restrlcted funds Total 2024 Total 2023 Note Incomè and Endowments from.. Donations and legacies Other trading activities Inveslrnent income 79,261 609,961 51.616 100 79,361 609,961 51,616 2,256,393 518,161 7,512 Total income 740,838 100 740,938 2,780,066 Expendlturo on: Raising funds Charitsble acliwlies 1438,5901 473,688 (438,5901 473.688 1367.9641 246,766 Total expenditure Gainsllosses on investment assets 1912,2781 1912.2781 1614,730) 41,198 41,198 Nel lexpendilurellincime Nel movement in funds 130.2421 100 130.142 2,165.336 {130,2421 100 1130,1421 2,165.336 RnlIatIOn of funds Total funds brought forward Total funds carried foTward 19 2,$70.742 1.830 2.672,572 507,236 2,540.500 1,930 2.542.430 2,672,572 The Consolidated stalament of financial actiwlies includes all gains and losses recognised durin9 the year. All incoming resources and resources expended derFve frcth continving operations during the above two periods, The fund5 breakdown for 2023 is shown in nol& 19. The notes on pages 13 lo 28 fom an integral part of these financial slalemenls. Pag8 9
League Of Friends Of Yeovil Hospitals (Registration number: 2200381 Consolidated Balance Sheet as at 30 September 2024 2024 2023 Note Fixed assets Tangible assets Investments 12 2,773 2,043,847 2,350 2,046,620 2,350 Current assets Stocks DebloTS Cash al bank and in hand 9,285 316,908 212,595 12,566 2,233,710 463.663 14 538,788 2.709,939 Creditoys.. Amounts falling due within one year Net current assets 15 42,978 39,717 495,810 2,670,222 Net assets 2.542,430 2,672,572 Funds of the charity.. Restricted income funds Restricted lund5 1,930 1,830 unrestrict income funds Unrestricted funds 2.540,500 2,670,742 Total funds 19 2,542,430 2,672,572 The financial}tatements on pages 9 to 28 were approved by the trustee5, and authorised for issu& on ..£...JL'liand signed on their behalf by.. acqueline Henderson Chaim)an Margaret Davis-Brown seclary The notes on pages 13 10 28 fom an integral part of these financ¢al statements. Page 10
League Of Frlends Of Yeovll Hospitals (Registratlon number" 220038) Balance Sheet as at 30 September 2024 2024 2023 Note Fixed assets Investments 2,043,947 100 Current assets Debtors Cash al bank and in hand 14 391,353 110.564 2.347,944 331,140 2,679,084 501,917 Croditors.. Amounts falllng due wlthln one year Net current #Sgetg 15 3.434 4.380 498,483 2,674,704 Net aets 2,542,430 2,674.804 Funds of the ¢haTIty: Rgstrictgd Income funds Rgstricl8d funds 1,930 1,830 Unrnstrictad income funds Unrestricted funds 2,540,500 2,672,974 Total funds 2,542,430 2,674.804 The financial Slalements on pages 9 10 28 were approved by the trustees, and authorised for issue on s..,£.."Li4 and signed on their behalf by.. cqueline Hender50n haimian Margaret Davis-8r(N4n Secretary The notes on pages 13 10 28 fomi an integral part of these financial statements. Page11
League Of Friènds Of Yeovil Hospitals Consolidated Statement of Cash Flows for the Year Ended 30 Septernber 2024 2024 2023 Note Cash flows from operating activifjes Nel cash lexpendilurellincome Adjustmgnts to Cash flovts from non<ash items Depreciation Investment income Revaluation of investments 1130,1421 2,165,336 972 151,6161 41,198 1221,9841 {7,5121 2.158.365 Working capital adjtsstments Decrea5ellincreasel in stocks DecreaseJlin¢¥easel in deblofs Increase in creditors 3.281 1,916.802 3,261 19381 12,218.1451 12,753 14 15 Nel cash ffows from operating activities Cash flow5 from investing activities Interest receivable and similar income Purchase ol tangible fixed assets Purchase ol investmènts Sale of investvnents 1,701,360 47,9651 51,616 11,3951 12,5Q2,592} 499,943 7,512 11,8321 12 Nel cash flows from investing activities Nel decfease in cash and cash oquivalenls Cash and cash equivalents a11 October Cash and catsh equivalents at 30 September 1,952,428 5,680 1251,0681 142,2851 463,663 5L15,948 212,595 463,663 All of the cash flows ale derived from continuing operations during the above v0 periods. The notes on pages 13 to 28 fonm an integral part of these financial statements. Page 12
League Of Friends Of Yeovll Hospltals Notes to the Financial Statements for the Year Ended 30 September 2024 1 Accountlng poll¢igs Summary of SIgncant accountlng pollclgs and kgy accounting eytirnates The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied lo all the years pres8nled, unless olheNAse Staled. Statoment of compllanc8 The financial statements have been prepared in accordance with the Statement of Recommended Praclic6.' Accounting and Reporting by Charities preparing their accounts in accordance with the Financral Reporting Standard applicable in the UK and Republic of Ireland IFRS102) leffeclive 1 January 20191- {Charities SORP {FRS10211, and the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS102} and the Charities Act 2011. Basis of proparation League Of Friends Of Yeovil Hospitals meets the definition of a public benefit entity under FRS 102. Assets and liabilib'es are inf(ially recognised al historical ¢osl or transaction value unless otherwise staled in the relevant accounting polKy notes. Basls of consolldatlon The League of FrEnds of the Yeowl Hospitals has a fOO*fi holding in Friends of Yeovil Hosprtal Shop Limited and consolidated financial statements are required lo be prepared. These financial statemen15 consolidate the results of the charity and its 5ub8idiary undertaking on a line by line basi5. A separate statement of financial actDiilies is not presented for the charity itself following the exemptions afforded by paragraph 397 of the SORP. Golng Conurn The trustees assess whether the use of the going wncern is appropriate i.e. whether Ih8re any material uncertainties related lo events or conditions that rnay cast significant doubl on the ability of the League of FrEnd5 of the Yeovil Hospitals lo continue as a going conceTn. The Iruslees make this assessment in respect for o period of al least one year from the dale of th8 aulhorisalion for issue of the financial statements and have concluded that the League has adequate resources to continue in operational existence for the foreseoable future and there are no material uncertainties about the League's ability lo continue as a going concern, thus they continue lo adopt the going concern basis of accounting in preparing the financial sl8lemènts. Page 13
League Of Friends Of Yeovil Hospitals Notes to the Financial Statements for the Year Ended 30 September 2024 Incomè and endowments All income is recognised once the charity has enlillemenl lo the income, it is certain that the income ill be received and the amount of income re1vable can be measured wrth sufficient reliabiliiy. Foi legacy gifts, entillemenl is taken a5 the earlier of the date on which the estate is finalised or when a distribution is ieceived from the estate. Where material legacies have been notified bul the requiTemenls of income recognilion have not been met, the details of the legacies are disclosed in note 20. Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity,. this is normally upon notification of the interest paid or payable by the bank. Donation5 ITn klnd The charity is fortunate in the level of actwe support il receives from volunteers. These volunteers spend a considerable amount of lime administering our a¢livities. Wrthoul this voluntsry support considerable additional expense would be incurred. It is not considered meaningful or pr8Cticable to put a monetary value on this support, we can but offer a heartfelt- Thank you,. Investment Income Dividends are recognised once the dividend has been declared and nolrfication has been received of the dividend due. Expenditure Liabilities are recogni5ed as expendrture as soon as there 15 a legal or constructive obligation committing the charity to the expenditure, il is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted lor on an accruals basis and has been classified under headings that aggregate all costs related to the category. Costs of generating funds include fundraising costs, shop sales and maintenance of assets. Costs of charitable acb'wtses comprise all expenditure directly relating lo the objects of the charty. Govemance eosls comprise all ¢os15 involving publ acGounlability of the charity and its compliance with conslilulional and slalulory requirements. Support costs include other adminislralive costs. Government grants Government grants are recognised on an accruals basis. They are recognised in income on a sysleTTlatic basis over the periods in which the entity recognises the related costs for which the grant is intended lo compensate. Taxation A5 a registered charity League of Friencls of Yeovil Hospitals is exempl from taxation in respect of income or capital gain5 to the exlenl that such income or gains are applied exclusively lo charitable purposes. Page 14
League Of Friends Of Yeovil Hospltals Notes to the Financial Statements for the Year Ended 30 September 2024 Tangiblo flxed assets The Trustees have de¢id8d that fixed assets below the value of £SOO are not capilalised and they have also implemented a poIY of completing regular impaimient reviews of fixed assets, An impaimient review aims lo ensure that fixed assets are recorded in the accounts al no more than their recoverable amount. Depreclatlon and amortlsatlon Oepreciation is provided on tangible fixed assets so as to write off the cost or valu*ion, less any eslimaled reSKlual value. over their exp8Ct¢d useful econornic lrfe as follows.. Assot class Fixtures and fittings Office equipment Depreciation method and rat& 100/. 33.3Oh straight line 200h reducing balance Fixed asset investments Fixed asset investments. other than programme related investments, are included at market value al the balance sheet dale. Realised gains and losses on investments are calculated as the drftèr&nc& tse¢en sales proceeds and their market value at the start of the year, or their subsequent cost. and are charged or credited lo the Slalemenl of Financial Activities in the period of disposal. Unrealised gains and kJ$se$ represent the movement in market values during the year and are credited or charged to the Statement of Flnancial ActNities based on the market value al the year end. Curront asset investment5 The Iruslees seek to create sufficient income to enable the ¢harty lo carry out its pvrposes eonsistenlty year by year with due and proper consideration of future needs. Aside from retaining prudent amount in reserves each year. most of the chaTily funds are lo be spent in the short term. Where large amounts of income are ceIved, the Iruslees have agreed that it is appropriate to invest in a bw risk profile, and to implement a Conservative or cautious investment strategy until the funds a required. The Irusleos seek lo create sufficierrt income lo enable the charity lo cary out ils purposes. The trustees wll reVW tho invaslment policy statement on a regular basis. Donat8d seNices The shop is operated within an NHS hospital and is not charged rent. The Iruslees have not estimated the market vatue of rent due On the premises as il is not reasonably quantifiable or measurable. Stock Slock is valued at the lower of cost and nel realisable value. Fund structure Restricted income funds are fund5 which are lo be used in accordance with specific restrictions imposed by the donor or the Conslilution. See note 18 for details of the restricted fun¢J$ of the charity. Unrestricted funds comprrse those funds which the Committee of Management are flee lo use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated tunds where the Committee of Management, al their discretion, have created a fund for a specrfic purpose. Paya15
League Of Fri8nds Of Yeovil Hospitsls Notes to the Financial Statements for the Year Ended 30 September 2024 Pensions and other post retirement obligations A defined contribution plan is a penS}n plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obli9alion lo pay further conlfibulions even if the fund does not hold sufFicienl assets lo pay all employees the benefits relating lo employee service in the current and prior perK)ds. Contributions to defined wntribulion plans are recognised as ernployee benefit expense when they aTe due. If contn'bulion payments exceed the contribution due for service, the exces5 is recognised a5 a prepayment. Flnancial instrumants Recognition and measuremént The League only holds basic financial instruments as definèd in FRS 102. The financial assets and financial liabilities of the League and their tnea5ureTHenl basis are as follows.. Financial assets Fixed asset investments aTe measured at fair value as described on page 15. Trade and other debtors are ba51c financial instruments and are debt instruments measured al amortised cost as detailed in note 14. Prepayments are not financial instruments. Cash al bank- 15 classrfied as a basic financial instrument and is measured al face value. trade creditors, accruals and other creditors are financid instruments, and are measured at amortised cost a5 detaid in note 15. Taxation and social security are not included in the financial instruments disclosure definition. Deferred income is not deemed to be a financial liability. as the cash settlement has already taken place and there is an obligatn lo deliver services rather than cash or another financial instrument. Page 16
League Of Friends Of Yeovil Hospitals Notes to the Flnanclal Statemonts for the Year Ended 30 September 2024 2 Income from donatlons and legacles Unrestrlcted funds General Restrlcted funds Total 2024 Total 2023 Donations and legacies., Donations and gifts Legacies and funeral donations Income lax and gift aid 7,638 1¢XS 7,738 7,740 69.708 1,915 69,708 1,915 2.247,703 950 79,261 100 79,361 2,258,393 £79.261 12023 - £2,254.563) of Ihe income abova was attribLttable to unrestricted funds and £100 2023 - £1,830) attributable to restricted funds. 3 In¢ome from othar trading activitios Unrestrlcted funds General Total 2024 Total 2023 Trading income.. Commercial trading operations Events income., Other events income 609.166 609,186 512,759 795 795 3.402 609,961 609,961 516.161 l of the income above was attributable to unrestricted funds in 2024 and 2023. Page 17
League Of Friends Of Yeovil Hospltals Notes to the Financial Statements for the Year Ended 30 September 2024 4 Investment Incom8 Unrestricted funds General Total 2024 Total 2023 Interest receivable and simiLar income., Interest receivable on bank deposits Other income from fixed asset investments Other investment income 35,210 4.689 11,717 35,210 4.689 11,717 7.512 51,616 51,616 7.512 All of the income above is attributable to Unrestrted funds in 2024 and 2023. 5 Expendltufe on rnising funds al Costs of generating donations and legacies Unrèstricted fund$ General Total 2024 Total Z023 Fund-raising and publicrty 1.103 1,103 1.507 bl Costs of trading activities Unrestricted funds General Total 2024 Total 2023 Note 10 Trading subsidiary costs 437,487 437,487 366.457 437,487 437.487 366,457 All of the expendf(ure above was allribulable to unreslricled funds In 2024 and 2023. Pa9e 18
League Of Frlends Of Yeovil Hospitals Notes to the Flnanclal Ststements for the Year Ended 30 September 2024 6 Exp•nditure on charltable actlvltles Unrestrlcted fundg D88ignated General Total 2024 Total 2Q23 Nots Support lo Patients Donations lo YFW Blood Bikes AIIoc8led support costs Governance costs Donations to YDH NHS Foundation Trust 877 25.017 25,017 861 8,728 886 5.047 6,728 1 S2,791 288,291 441,082 239,956 152,791 320,897 473.888 246,766 £473,688 12023 - £246,326) of the expenditure above wa5 attributable lo unreslricled funds of which £152,791 12023 £Nil} is attributable to designated funds. £Nil {2023 £4401 is attributable lo restficled funds. Included wthin the expenditure analysed above, are governance costs of £6,728 12023 £5,047) which relate directly lo char((able aclivilies. See note 7 for further details. Page 19
League Of Friends Of Yeovil Hospitals Notes to the Financial Statements for the Year Ended 30 September 2024 7 Analysis of governance and support costs Support costs allocated to charltable actlvlties Other support costs Total 2024 Total 2023 Basis of allocation 1 OOO/p SUPPOrt 1000/0 SUPPOrt 100°h support Attend subscription Travel costs Bank charges 815 815 776 110 46 46 886 Governance costs Unrestrictèd funds General Total 2024 Total 2023 Independent examiner fees Examination ol the financial statements other fees paid lo examiners Portfolio Management Fees Other governance costs 1,895 2.588 2.161 1.895 2.588 2,161 1,880 3,101 8.728 6.728 5,047 8 Net ineorningloutgoing resource5 Nel loutgoingilincoming resource5 for the year include.. 2024 2023 Independent examineT'S fees Depreciation of fixed assets 4,483 972 4,981 541 9 Trustees remuneration and expenses During the year the charity made the following Iransacliorbs with trustees.. During the year, 1 truslee512023.' 31 was reimbursed £8412023.. £4401 for secretarial expenses. No Iruslees, nor any persons connected with them. have received any remuneration from the charity during the year. No Iruslees have received any other benefits from the charity during the year. Page 20
League Of Friends Of Yeovil Hospitals Notes to the Financial Statements for the Year Ended 30 September 2024 10 Net income from tradlng activitles of subsldlary The charity owns the ent1re shaTe capital of 100 ordinary shares of £1 in the Whol ¢Jwned SubSlary Friends of Yeovil Hospital Shop Limited, which is incorporated in the United Kingdom. company number 02575863. The registered office is Motivo House, Yeovil, BA20 2FG. The Pfincipal aclNities of the Friends of Yeovil Hospitsl Shop Limited during the year continued lo be those of retail nfeclioners and newsagents at Yeovil District Hospital. A summary of th& results k8 shown below.. Subsidary Profit and Loss 2024 2023 Turnover 609,166 1375.4671 233,699 2,3TT 182,02Ql 174,056 146,190 1198,4221 121.824 512,759 1314,445) 198,314 3,367 152,012) 149,669 69,530 {73,0091 146.190 Cost of sales Gross profil Other operating incorne Administrative expenses Net Profil Reserves brought forward Distribution lo The League of Friends of Yeovil Hospitals Retained in Subsidiary The assets and Ilabllltles of the $ubsldlary were 2024 2023 Fixed assets 2.773 158.695 139,544) 121,924 2,350 179,277 135.337) 146,290 CuTrenl assets Current liabilrties Total nel assets Share capital Reserves 100 100 121.824 121.924 146,190 146,290 Total equity Page 21
League Of Friends Of Yeovil Hospitals Notes to the Ftnancial Statements for the Year Ended 30 September 2024 11 Staff costs The aggregate payroll costs weTe as follows.. 2024 2023 Staff costs during the year were: Wages and salaries staff pensions (defined contribulionl 49.547 1,551 41.654 1,643 51,098 43,297 The average number of pèrsons employed during the year was as follows.. 2024 2023 Average number of employees No employee received emoluments of more than £60,000 during the year. All of the above expenditure was from the trading subsidiary and as a result are all attributable lo unrestricted funds in 2024 and 2023. 12 Tangible fixed a55et$ GTOUP Fixtures and rittin95 Offi¢È equipment Total C05t Al 1 October 2023 Additions Disposals 15,467 1,395 11,3951 1,179 16.646 1,395 11,3951 At 30 September 2024 15,467 1,179 16.646 Depreciation Al 1 October 2023 Charge for the year Eliminated on disposals At 30 September 2024 13.778 518 132 14,2 972 1.395 1.395 13.223 650 13,873 Net book valu8 At 30 September 2024 2,244 529 2,773 At 30 Septomber 2023 1,689 661 2,350 Pagg 22
League Of Friends Of Yeovil Hospitals Notes to the Financial Statsments for the Year Ended 30 September 2024 13 Flxed asset investments Charlty Shares in group undtrtaklngs and partlclpatlng Intergsts Subsldlary undertaklngs Total Cost Al 1 Octobar 2023 100 100 At 30 September 2024 Net book value 100 AI 30 September 2024 100 100 AI 30 September 2023 100 100 Other investments Listed Invastmgnts Unlistod investments Total Cost or Valuation Revaluation Additions Disposals 6,1S3 1,509,612 499,943 35,045 41,198 992,980 2,502,592 1499,943 AI 30 September 2024 1.01 5,822 1,028.025 2.043,847 Nèt book value AI 30 September 2024 1,015,822 1,028,025 2.043,847 The* charity holds a 1 DOVA equty shareholding in Friends of Yeovil Hospital Shop Limrted. The subsidiary will be making a gift aid payment ID the eharity of £173.667 wthin nine months of the period end. The activthes and results of this company are summarised in note 10. Page 23
League Of Friends Of Yeovil Hospitals Notes to the Financial Statements for the Year Ended 30 September 2024 14 Debtors Group Chartty 2024 2023 2024 2023 Accrued income Ixher debtors 269,529 47,379 2,198.572 35,138 391,353 2,346.994 950 316,908 2,233,710 391,353 2,347,944 Page 24
League Of Friends Of Yeovil Hospltals Notes to the Financial Statements for the Year Ended 30 September 2024 15 Creditors: amounts falllng duo withln one year Group Charlty 2024 2023 2024 2023 Trade crediloTS other taxation and sockal security VAT payable Other Creditors Accruals 27,487 24,915 1,45S 5,511 2,803 5,722 1,090 5,366 1,337 7,009 3,434 4,380 42,978 39,717 3,434 4,380 16 Commlttee members, Ilabllity Legal liabilty on behalf of Commtttee Members for defence costs, expenses and settlements for claims alleging any error, misstatement or misleading stslement, act, omission, neglect or breach of duty is covered under the Group Insurance of the National Ass¢xiatK)n ol Leagu8s ol Hospital Friends. This policy covers claims up lo a maximum of £5 million, however. there 1$ a lThil of £500,000 per indiwdual League. 17 Commitments Charlty Capital cornmitments The league has an outstanding commitment list lolalling £791,228 which (( is committed lo spend however infomiation delays on the part ol th8 h¢)spital has limited the leagues abilty lo a¢lion this. 18 Contlngent assets Charity In April 2023, the Charity was m*e aware tho1 f( is a residual legatee of an estate. In January 2024, the Charity was made aware that it is a residual legatee of an estate. In both cases, whfist the likely PreedS are estimated lo be in excess of £100,000 each, the amounts cannot be reliably quantified and so both legacies have not been acerued for in the accounts. . Page 25
League or Friends Of Yeovll Hospitals Notes to the Financial Ststements for the Year Ended 30 September 2024 19 Funds Group Balance at other 30 Incoming Resources recognlsed September resour¢o5 oxpended gainslllossos) 2024 Balance at 1 October 2023 Unrestricted funds General Unreslricled general funds 2,303,584 740,838 (759,4871 41.198 2,326,133 Deslgnated Other designated fLtnds Breast Cancer Unit New projects 117,158 100,000 150,000 152,7911 {100,OOQI 64,367 150.000 367,158 1152,7911 214,367 Total unrestricted fund$ 2,670,742 740,838 912,2781 41,198 2,540.500 Rèstricted funds Respiratory department Stroke Unit 1,830 1,830 100 100 Total restricted funds 1.830 100 1,930 Total funds 2,672,572 740,938 912.278 41,198 2.542,430 Pa9e 26
League Of Friends Of Yeovil Hospitals Notes to the Financial Statements for the Year Ended 30 September 2024 Balanco at 30 September 2023 Balance at 1 October 2022 Incoming rosources Resources expended Transfgrs UnreStrled funds General Unfeglricled general funds 58,880 2.778.236 1416,3741 1117,1581 2,303,584 Designatéd Children's oulpalienls other designated funds Breast Cancer Unil New projects 150,000 47,916 100,000 150,000 1150,0001 147,9161 117,158 117,158 100,000 150,000 367,1 S8 447.916 197,916 117,158 Totsl unrestrScted funds 506.796 2,778,236 {614,2901 2,670,742 Restricted funds Respiratory dopartment 1.830 1,830 Total funds 506,796 2,780,066 614,290 2,672.572 Purposes of restrfcted funds Restricted funds are funds received for specffic purposes and are in respect of a particular ward. uniL or health ¢ondf(ion as detsiled above. Purposes of designated funds These are funds set aside lo be donated in the future to the Yeovil District Hospf(al NHS Foundation Trust, as agTeed al General Meetings. Pag& 27
League Of Frlends Of Yeovil Hospitals Notes to the Financial Statoments for the Year Ended 30 September 2024 20 Analysis of net assets between funds Group Total funds at30 September 2024 Unrestricted funds General Rostrictod funds Tangible fixed assets Fixed asset investrnents Current assets Current IHbililies 2,773 2,043,847 536,858 142,9781 2,540,5QO 2,773 2,043,847 538,788 142,978 2,542,430 1.930 Total nel assets 1,930 21 Rglated party transactions Charity Other than as detailed in note 9 of the accounts, no other related party transactions arose In the year. Page 28