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 poI￿leS 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 He8￿h 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 reqUI￿d 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 wh￿h 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 POI￿Y 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 be￿en 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 w￿h1￿ 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 gU￿anCe on public benefrt when revi￿1n9 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 I￿h1 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 Wa￿S 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 R￿n￿lIatIOn 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 sec￿lary 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 a￿ets 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