**REGISTERED CHARITY NUMBER: 220945** ## **Report of the Trustees and** **Unaudited Financial Statements** **for the Year Ended 30 September 2022** **for** **League Of Friends of Chippenham Hospital** Monahans Chartered Accountants Hermes House Fire Fly Avenue Swindon Wiltshire SN2 2GA **League Of Friends of Chippenham Hospital** ## **Contents of the Financial Statements for the Year Ended 30 September 2022** |||**Page**|| |---|---|---|---| |**Report of the Trustees**|1|to|2| |**Independent Examiner's Report**||3|| |**Statement of Financial Activities**||4|| |**Balance Sheet**||5|| |**Notes to the Financial Statements**|6|to|12| **League Of Friends of Chippenham Hospital** ## **Report of the Trustees for the Year Ended 30 September 2022** The trustees present their report with the financial statements of the charity for the year ended 30 September 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** To relieve patients and former patients of the hospitals, and other invalids in the community who are sick, convalescent, disabled, handicapped, infirm or in need of assistance and generally to support the charitable work of the hospitals. ## **Public benefit** The Trustees have paid due regard to the Charity Commission's guidance on public benefit in deciding what activities the charity should undertake. The Trustees consider that they have acted in the public benefit. ## **ACHIEVEMENT AND PERFORMANCE** ## **Charitable activities** During the year, the League of Friends of Chippenham Hospital purchased gifts to the value of £3,594 (see note 5). The League of Friends is grateful to all those who have made donations and supported the charity in raising £2,131 this year, plus a legacy of £93,232. The charity exists to donate money in line with the charity's constitution. The committee has considered the major risks to which the charity is exposed and is satisfied that systems are in place to mitigate these risks Funds are invested in Treasury Stock. The market value of the investments has decreased by £963, and investment income of £338 has been received. ## **FINANCIAL REVIEW** ## **Financial position** The total funds held by the charity at the year end were £150,262. ## **Reserves policy** The Trustees' reserves policy is to maintain unrestricted funds, which are the free reserves of the charity, at a level of approximately 3 months expenditure. This is to ensure that sufficient funds are available to cover the running costs of the charity if income flow were to be reduced. The unrestricted funds, excluding those held as designate funds, at the year end amounted to £135,736. This is in excess of the required level. The funds will be spent in response to requests from the hospital after approval from the committee ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. ## **Risk management** The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 220945 ## **Principal address** c/o Barrowbrook House Hill Corner Road Chippenham Wiltshire SN15 1DX Page 1 **League Of Friends of Chippenham Hospital Report of the Trustees for the Year Ended 30 September 2022** ## **Trustees** Mrs E Brocklehurst Mrs C Mizon Mr V Mizon Mrs J Morris Mrs C Pearce Mr K Pearce Miss E Sexton Mrs A Strand Mrs J Weston - deceased 2 June 2022 Dr N Whyatt - resigned 27 June 2022 Mr P Newman ## **Independent Examiner** James Gare FCA DChA Monahans Chartered Accountants Hermes House Fire Fly Avenue Swindon Wiltshire SN2 2GA Approved by order of the board of trustees on 14 December 2022 and signed on its behalf by: Mrs C Mizon - Trustee Page 2 **Independent Examiner's Report to the Trustees of League Of Friends of Chippenham Hospital** ## **Independent examiner's report to the trustees of League Of Friends of Chippenham Hospital** I report to the charity trustees on my examination of the accounts of League Of Friends of Chippenham Hospital (the Trust) for the year ended 30 September 2022. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. James Gare FCA DChA Monahans Chartered Accountants Hermes House Fire Fly Avenue Swindon Wiltshire SN2 2GA 14 December 2022 Page 3 ## **League Of Friends of Chippenham Hospital** ## **Statement of Financial Activities for the Year Ended 30 September 2022** |Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
95,113
Investment income
3
348
**Total**
95,461
**EXPENDITURE ON**
**Charitable activities**
4
Supporting the hospitals
3,128
Net gains/(losses) on investments
(963)
**NET INCOME/(EXPENDITURE)**
91,370
**Transfers between funds**
11
(2,004)
**Net movement in funds**
89,366
**RECONCILIATION OF FUNDS**
Total funds brought forward
59,112
**TOTAL FUNDS CARRIED FORWARD**
148,478|Restricted
funds
£
250
-
250
2,367
-
(2,117)
2,004
(113)
1,897
1,784|2022
Total
funds
£
95,363
348
95,711
5,495
(963)
89,253
-
89,253
61,009
150,262|2021
Total
funds
£
1,622
458| |---|---|---|---| ||||2,080| ||||2,631| ||||(538)| ||||(1,089)
-| ||||(1,089)
62,098| ||||61,009| The notes form part of these financial statements Page 4 ## **League Of Friends of Chippenham Hospital** |**FIXED ASSETS**
Investments
**CURRENT ASSETS**
Cash at bank and in hand
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
**FUNDS**
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|**Balance Sheet**
**30 September 2022**
Notes
9
11|2022
£
6,841
143,421
143,421
150,262
150,262
148,478
1,784
150,262|2021
£
7,804
53,205| |---|---|---|---| ||||53,205| ||||61,009| ||||61,009| ||||59,112
1,897| ||||61,009| The financial statements were approved by the Board of Trustees and authorised for issue on 14 December 2022 and were signed on its behalf by: C Mizon - Trustee C Pearce - Trustee K Pearce - Trustee The notes form part of these financial statements Page 5 **League Of Friends of Chippenham Hospital** ## **Notes to the Financial Statements for the Year Ended 30 September 2022** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets. The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view'. This departure has involved following the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements are prepared in sterling which is the functional currency of the charity and rounded to the nearest pound. There are no significant areas of judgements or key sources of estimation uncertainty. The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern. ## **Legal status of the Charity** The charity is an unincorporated charity. ## **Financial reporting standard 102 - reduced disclosure exemptions** The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland': - the requirements of Section 7 Statement of Cash Flows. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. 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. Dividends are recognised once the dividend has been declared and notification has been received of the dividend due. This is normally upon notification by our investment advisor of the dividend yield of the investment portfolio. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Page 6 continued... **League Of Friends of Chippenham Hospital** ## **Notes to the Financial Statements - continued for the Year Ended 30 September 2022** ## **2. DONATIONS AND LEGACIES** |**DONATIONS AND LEGACIES**|**DONATIONS AND LEGACIES**|**DONATIONS AND LEGACIES**||||| |---|---|---|---|---|---|---| |Unrestricted
Restricted
funds
funds
£
£
Donations
1,770
250
Legacies
93,232
-
Subscriptions
111
-
95,113
250|||2022
Total
funds
£
2,020
93,232
111
95,363||2021
Total
funds
£
1,360
-
262
1,622|| |||||||| |||||2022||2021| |||||£||£| |**Donations - In Memory Of**||||||| |Cynthia Holbow||||1,000||| |Lilian Edwards||||250||| |||||||| |||||1,250||273| |**Donations - Other**||||||| |Lansdowne Lodge of Unity||||300||| |M P White||||50||| |E & M Pearce||||50||| |E Bird||||20||| |R Munro||||100||| |J Scotford||||100||| |Lansdowne Lodge of Mark||||150||| |||||||| |||||||| |||||770||1,087| |||||||| |||||||| |Total Donations||||2,020||1,360| |||||||| **3. INVESTMENT INCOME** |**3.**|**INVESTMENT INCOME**||||| |---|---|---|---|---|---| |||||2022|2021| |||Unrestricted|Restricted|Total|Total| |||funds|funds|funds|funds| |||£|£|£|£| ||Other fixed asset investment income|338|-|338|416| ||Deposit account interest|10|-|10|42| |||348|-|348|458| |**4.**|**CHARITABLE ACTIVITIES COSTS**||||| ||||Direct|Support|| ||||Costs (see|costs (see|| ||||note 5)|note 6)|Totals| ||||£|£|£| ||Supporting the hospitals||3,594|1,901|5,495| Page 7 continued... **League Of Friends of Chippenham Hospital** ## **Notes to the Financial Statements - continued for the Year Ended 30 September 2022** ## **5. DIRECT COSTS OF CHARITABLE ACTIVITIES** |**6.**|2022
£
Gifts to Hospitals & Patients
3,594|2022
£
Gifts to Hospitals & Patients
3,594|2021
£
1,283|2021
£
1,283| |---|---|---|---|---| |||||| |||2022||2021| |||£||£| ||From Restricted Funds|||| ||Maternity bags|2,124||| ||Dysphagia cups|243||| |||||| |||||| |||2,367||857| ||From Unrestricted Funds|||| ||Trolley shop trolley|387||| ||Seca 704 column scale|450||| ||Christmas presents|290||| ||Trolley shop stock|100||| |||||| |||||| |||||| |||1,227||426| |||||| |||||| |||||| ||Total gifts to Hospitals & Patients|3,594||1,283| |||||| ||**SUPPORT COSTS**
Governance
Management
costs
Totals
£
£
£
Supporting the hospitals
1,229
672
1,901
Support costs, included in the above, are as follows:
2022
2021
Supporting
the
Total
hospitals
activities
£
£
Insurance
645
614
Postage and stationery
584
104
Independent examination and preparation of
the accounts
672
630
1,901
1,348|||| ## **7. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 30 September 2022 nor for the year ended 30 September 2021. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 30 September 2022 nor for the year ended 30 September 2021. Page 8 continued... **League Of Friends of Chippenham Hospital** ## **Notes to the Financial Statements - continued for the Year Ended 30 September 2022** ## **8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** |||Unrestricted|Restricted|Restricted|Total| |---|---|---|---|---|---| |||funds|funds||funds| |||£|£||£| ||**INCOME AND ENDOWMENTS FROM**||||| ||Donations and legacies|1,585|37||1,622| ||Investment income|458||-|458| ||**Total**|2,043|37||2,080| ||**EXPENDITURE ON**||||| ||**Charitable activities**||||| ||Supporting the hospitals|1,774|857||2,631| ||Net gains/(losses) on investments|(538)||-|(538)| ||**NET INCOME/(EXPENDITURE)**|(269)|(820)||(1,089)| ||**Transfers between funds**|(833)|833||-| ||**Net movement in funds**|(1,102)|13||(1,089)| ||**RECONCILIATION OF FUNDS**||||| ||Total funds brought forward|60,214|1,884||62,098| ||**TOTAL FUNDS CARRIED FORWARD**|59,112|1,897||61,009| |**9.**|**FIXED ASSET INVESTMENTS**||||| ||||||Listed| ||||||investments| ||||||£| ||**MARKET VALUE**||||| ||At 1 October 2021||||7,804| ||Revaluations||||(963)| ||At 30 September 2022||||6,841| ||**NET BOOK VALUE**||||| ||At 30 September 2022||||6,841| ||At 30 September 2021||||7,804| There were no investment assets outside the UK. Valuation at 30 September 2022 is represented by cost of £9,116 and revaluation loss of £2,275. All investments are carried at their fair value. Investments are all held in Treasury and are based on the Bid price as at the close of business on the valuation date. Asset sales and purchases are recognised at the date of trade at cost (that is their transaction value). The significance of financial instruments to the ongoing financial sustainability of the charity is considered in the financial review and investment policy and performance sections of the Trustees' Annual Report. The main risk to the charity from financial instruments lies in the combination of uncertain investment markets and volatility in yield. The charity is reliant on dividend yield in part to finance its work. Liquidity risk is anticipated to be low as all assets are traded. The charity's investments are traded in markets with good liquidity and high trading volumes. The charity has no investment holdings in markets subject to exchange controls or trading restrictions. The charity manages these investment risks by operating an investment policy that provides for a high degree of diversification of holdings within investment asset classes that are quoted on recognised stock exchanges. The Trust does not make use of derivatives and similar complex financial instruments as it takes the view that investments are held for their longer term yield total return and historic studies of quoted financial. Page 9 continued... **League Of Friends of Chippenham Hospital** ## **Notes to the Financial Statements - continued for the Year Ended 30 September 2022** ## **10. ANALYSIS OF NET ASSETS BETWEEN FUNDS** |Unrestricted
funds
£
Investments
6,841
Current assets
141,637
148,478
**MOVEMENT IN FUNDS**
At
1.10.21
£
**Unrestricted funds**
General fund
45,990
Ruth Cheyney Fund
11,558
May Affleck Fund
1,564
59,112
**Restricted funds**
Cedar Ward
120
Mulberry Ward
640
Pulmonary Rehad Team
335
Maternity
-
Cedar Ward Garden
565
Neighbourhood team
200
Mulberry Ward Garden
37
1,897
**TOTAL FUNDS**
61,009
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
95,253
Ruth Cheyney Fund
208
95,461
**Restricted funds**
Mulberry Ward
250
Maternity
-
250
**TOTAL FUNDS**
95,711|Restricted
funds
£
-
1,784
1,784
Net
movement
in funds
£
91,750
(380)
-
91,370
-
7
-
(2,124)
-
-
-
(2,117)
89,253
Resources
expended
£
(3,128)
-
(3,128)
(243)
(2,124)
(2,367)
(5,495)|2022
2021
Total
Total
funds
funds
£
£
6,841
7,804
143,421
53,205
150,262
61,009
Transfers
between
At
funds
30.9.22
£
£
(2,004)
135,736
-
11,178
-
1,564
(2,004)
148,478
(120)
-
-
647
-
335
2,124
-
-
565
-
200
-
37
2,004
1,784
-
150,262
Gains and
Movement
losses
in funds
£
£
(375)
91,750
(588)
(380)
(963)
91,370
-
7
-
(2,124)
-
(2,117)
(963)
89,253| |---|---|---| **11. MOVEMENT IN FUNDS** Page 10 continued... **League Of Friends of Chippenham Hospital** ## **Notes to the Financial Statements - continued for the Year Ended 30 September 2022** ## **11. MOVEMENT IN FUNDS - continued** ## **Comparatives for movement in funds** |||Net|Transfers|| |---|---|---|---|---| ||At|movement|between|At| ||1.10.20|in funds|funds|30.9.21| ||£|£|£|£| |**Unrestricted funds**||||| |General fund|47,004|(181)|(833)|45,990| |Ruth Cheyney Fund|11,646|(88)|-|11,558| |May Affleck Fund|1,564|-|-|1,564| ||60,214|(269)|(833)|59,112| |**Restricted funds**||||| |Cedar Ward|120|-|-|120| |Mulberry Ward|640|-|-|640| |Pulmonary Rehad Team|335|-|-|335| |Maternity|24|(857)|833|-| |Cedar Ward Garden|565|-|-|565| |Neighbourhood team|200|-|-|200| |Mulberry Ward Garden|-|37|-|37| ||1,884|(820)|833|1,897| |**TOTAL FUNDS**|62,098|(1,089)|-|61,009| |Comparative net movement in funds, included in the above are as follows:||||| ||Incoming|Resources|Gains and|Movement| ||resources|expended|losses|in funds| ||£|£|£|£| |**Unrestricted funds**||||| |General fund|2,042|(1,774)|(449)|(181)| |Ruth Cheyney Fund|1|-|(89)|(88)| ||2,043|(1,774)|(538)|(269)| |**Restricted funds**||||| |Maternity|-|(857)|-|(857)| |Mulberry Ward Garden|37|-|-|37| ||37|(857)|-|(820)| |**TOTAL FUNDS**|2,080|(2,631)|(538)|(1,089)| ## **Transfers between funds** Should any restricted fund go into a negative balance at the end of the financial year then a transfer from the general fund will be made to zero the balance. ## **Purpose of Restricted Funds** Donations received from individuals for the purpose of buying equipment for specific wards or projects, as per the request of the donor. Page 11 continued... **League Of Friends of Chippenham Hospital** **Notes to the Financial Statements - continued for the Year Ended 30 September 2022** ## **12. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 30 September 2022. Page 12