Chaylty roglstratlon number 223069 LEAGUE OF FRIENDS QUEEN ALEXANDRA HOSPITAL ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 LEAGUE OF FRIENDS QUEEN ALEXANDRA HOSPITAL TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees present Ihelr annual report and tlnanclal st8lemenls for the year ended 31 Decembèr 2023. The flnancial slalem8nls have bg8rs prepaied on a feceipls 8nd payments basls and comply wllh tho ¢haTiVs governing document. ObJectlve8 and actlvltles The charity's oblecllves aro lo encourag8 and malnlaln Ihe Inter88t of the publlo, pallent8 and 8taff to 8upporl the work of Queen Alexandra Hospllal by means ofvolunleer Servlce. Pr(￿eedS from sale8 at the relalvcoffee shop and now, because of Ihe restrictions p081 pandemtc, only one small trolley provlde funds10 6uppl8menl the resources of the HospS101. All bids recelved from heads ol departments al the Hospllal are discussed by the"Fundlng ¢ommltle&" to delemilng Ih@Ir veracity before funds are made avallabl&. The Honorary Treasurer revlows our Inve8lmenl8 wlth the buslne88 branch of our banKer8 ISchToder81. The volunteers glve generously of thelr Ilme. wlthoul whlch lh8 L8ague's maln source of Income would be very much reduced. The Irusleès have p8ld due regard lo guld8n¢e Issued by the Charitles Commlsslon In decldlno what 8cllvllles the charlly should undertake. Achlevomenty and ￿rforManCe Slgnificgnl 8clivlll8$ and 8chl&v8nFenls agalnsl obJ8cIIv6s The Leagu$ of friends Funding budget for 2023 ha8 helped 17 departments durlng 2023 and a total of £55,171 was funded across var*ous projects as OLtlllned below12022'. £24,632>. Chlldrens ward8.' we have pald for entertainment, reward sllckeTS, S8n80ry units for the chHdr8n's emergency procedure room. For Palknls: Pla8tlo Gup8 for the Day surgery unil, sllng8 for holsts, KaTdla mobllo heart monll¢ys, radlos and lelevlslons and reclinlng chairs loi the chamo day unlt. For staff.. Metsl lockers. baby scal8s, vldeo ¢onferenclng equipment. Stools and 80me Space Phlebolomy Chairs & Phy810 equlpment. As woll as dlshwashers. sofas and mlcTowavas. D&partments funded Include the Emergèncy Departmont Paedtalrlc, Reoovery. Theolre8. Fraolure Cllnlc, Oncology, Mal&rnlty, MacMlll8n and Cardlology. At the end of 2023 the fundlng commlllee commEtmenl was in excess of £72,000.12022 £49,500). LEAGUE OF FRIENDS QUEEN ALEXANDRA HOSPITAL TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Flnanclal rovlew £75,000 Is commllted lo meet tho requlremenls agreed by th8 Funding Commlllee, the balance of the fund8 are earmaiked wlthln charlly lunds to 8n8ure the Ch8rlly can conllnue 11$ service were there lo be a delay In fundlng. 2023 has seen a gradu81 r6tum for volunte8r8 who worked In the shop pre pandemic. We are plea88d lo report that w6 have had sevoral new volunteers loin the League ol Friends al QA Hospital Portsmouth, The maln source of funds conllnues to com& from the relalvcoffge shop, & one trolley servlce. However, openlng hours are Still not back to pre- pandemlc levels In Ihe shop, and we conllnue lo only b8 abla to offw a troll8y service on three mornlng8 a week. Donallons from League members and the publlc 8150 provide a reasonable amount of revenue. The League conUnue8 to receive funds 8nd full details of th8 League's racelpts and payments are shown In the 8lalemenl altached. There wore no legad88 recelved In 202312022.. £20,000). In 2023 total Te￿Ip1S were £60.62712022'. £56.623}. Total expendlture, Including fundlng of hospllal purchases of £55,171, tolalled £87,891 12022.. £48,997>. Thls axcludes funds Invasled in shares (see bèlow). Con88quenlly, an oveiall dgllcll arose in 2023 01 £27,00412022-. surplus £9,626}. Ourlng 2023, as part of a revlew of 8urpluB cash and tho oharlly'B retum$ on Ih8lr a88818, the Tru8tse8 Snvo$led £40,000 excess cash in the 8hara portfolio held w51h Schroders. The inveslmgnt portrolio held 0131 Decemb8r 2023 was valued al £198,463, compared with £149,197 In the prevlou8 year. An ov8rall Increase of £49,267 whlch Incltjdes the addltlonal Investments made durlng the year. The walualion is provld8d by the fund manggers al th8 end of each qugrter. The Irusleès have assessed the major rfsks to whl¢h the charlty Is exp088d and are 88llsfied ihal sy8tsms are in place to mlligate exposure to the malor risks. Res&ryes pollcy It Is the policy of tho char6ty that unreslrlcled funds whlch have not been deslgnaled for 8 speclflc use Should be m81nlalned al a lev81 equlvalenl to balween three and slx month's expendltuTe. The INslees conslder that r8s8rves at thlslovel will ensure that, in the event of a 81gnlflcanl drop in fundlng, they wlll bo able lo conllnu8 Ihe charlly's current acllvlllgs while con81derallon Is glven lo ways In whl¢h addlllonal funds may be ralsed. Thls level of re8oNes has been maintained throughout the y&ar. structure. governancè and management The charity Is registered wllh the Charfty Gomm1881on with oharlly number 223069 and Is constituted by a Deed of Trust slgned In 2003. The Iru81e&s who served during the year and up lo the dale o181gnalur8 of the finan¢lal slalaments were.. J Spear (Reslgned 6 Juno 20231 M Flaherty A Dyer J Salcho11 P Gorvln M Tull E Brown (Appolnled 6 June 20231 (Appolnltrd 2 January 20241 RBcmRmgnl and 8ppolnlmenl of Irusl88S New Iru81&88 aT8 Id8nllflod and appolnled by the exlsllrKJ Trustees. New Trustees aTe glven an Inducilon Program which involves awareness of a trustee'8 re8ponslblllilès, the governance documgnl, adfflinlstrative procedure8, the hlstory and philosophlcal approach of the charfly. LEAGUE OF FRIENDS QUEEN ALEXANDRA HOSPITAL TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 The truslee5' report was approved by the Board of Trustees. M Tull Chalr Dale.. 2024L. LEAGUE OF FRIENDS QUEEN ALEXANDRA HOSPITAL INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LEAGUE OF FRIENDS QUEEN ALEXANDRA HOSPITAL I roport to the Irus1898 on my ex8minalion of the financlal statemen18 of Leagu8 of Frlends Queen Alexandra Hospllal (the charltyl for the yoar ended 31 Decgmber 2023. Re5ponslbllltles and basls of r&port As the Iruslees of the charlly you are Tespon8lble for the weparatlon of the financlal 8talemen18 In accordance wllh the requlr8m8nls of the Charllies Act 2011 (the 2011 Act). I rgport In re5pe¢t of my examlnallon of the charlly's flnanclal slalgmenls carrled out under sectlon 145 of the 2011 Act. In carrylng out my 6xaminallon I have followed all the applicable Direotions glvon by the Charlly Commisslon under s6clion 145151{b) of tho 2011 Acl. Indep&ndent exarnlnerfs statement I have completed my examinallon, I confim that no mallers have come to my attention In ¢onnection wllh the exominalion glvlng ma cau80 lo belleve that In ony maleri¥l respect.. accounllng records were not kept In respect of the charity as requlrod by section 130 of the 2011 Act,. or th& Ilnanclal statements do not accord wlth those record8'. or the Ilnanclal slalom8nts do not comply wllh Ihe Bppllcable requlrement8 ¢oncgrnlng the form and content ol accounls 881 out in Ihg Charllies (Accounts and Report81 Regulatlons 2008 other than any requlremenl that thè accounts glv8 a l¥ue and falr v18w which is not g Maller consldared as part of an Indepèndent examlnallon. I have no concerns and have come across no other mallers In connecllon w5th the examlnalkni lo whlch allentton should be drawn In Ihls report In order to enable a propèr undfrrslandlng of the financlal slatemenl8 lo be reached. hrtrs LA Parry CA Langdowns DFK Ltd Flemlng Court Lelgh Road Easllelgh Soulhamplon Hamp8hire S050 gPD Unlled Klngdom Datod.. Thel488u•oIFTIBndsolQu*ÈnAl*Agndr&Hospltal.Cosham.PortsDwUt￿Mjnt#. P063tY Ine8151•iedChuTItyNurnbèr. 1230691 STATEMEtITOFACCOUmFOR THEYEARENOE031STDFCÉMOER2fy1a Z02J In¥e5trnentin(om• 8anklDl8ÈStftecelvÈd DI￿￿endS Recel¥Ed omo MEfsuBPIUSllDEAcin -67,064A6 9.526.41 ilonallw5 DDnat50 GIftA 5ub5cr1plons ke8aclo5 Lea8ue Ev¢nts 6,979.86 28.36 24￿Tr 0.00 2.16&34 316.00 .0 9,513.06 &170.12 ASSEr& 3adO 24000.(NJ £245.91 cAsHFLINPSLA￿yEAR END CurrentAcE¢Wt InvestmenrAt(ounl C35hln LÈa8uetilp depD311S I,L¥h).00 74124.09 719.10 ¥B,297AD Annu41 LèAeueTilpOewlts BWD.50 794jrf.trj 2444&03 Shop ShDp5FIE$ ClwlwOalanLfrs31Dllt¢mbqi CurfentAccount Inv¢5tmenlA(