REGISTERED CHARITY NUMBER: 223069 TRUSTEES. REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FOR LEAGUE OF FRIENDS QUEEN ALEXANDRA HOSPITAL L9ngdo$ DFK Chartered AcGountanls FlernSng Couil Leigh Road E8sllaigh Soulharnpton Hampshirg SOJfo 9PD
LEAGUE OF FRIENDS HOSPITAL UEEN ALEXANDRA TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Irustees prgsenf thelr report th the linancigl slalemenls ol the ¢harily for the yaar ended 31 Dmber 2024. The financial statements hBve been prepared on a r8ceipls and poymenls basls ancl Comply the eharity's governing document. OBJECTIVES AND ACTIVITIES Objectives and aGtlvitiÈs Tha charity's ohjacliv8s are lo encourage and maintain the interest ol Ihe publK, pali8nls and slaff to support the work of Queen Alexandra Hospital by means of volunteeT service. Proceeds from sale5 at the relaill¢offe8 shop and on8 Iro118y Service to l-patIentS departm9nts prode funds lo supplemanl the resourcgs of the Hospi181. All bSds received Ir(vn heads of departments al th8 Hospllal are discuss8d by Ihe "Funding Gommi1188" lo deterrnine their veracity before lunds are mad8 avail8ble. The Honoyary Treasurer revi&ws our Inveslments with the buslness branch of our bankers Ischrodersl. The volunleers give gen8rou8ly of thèlr lime, wilhoul whlch the Leagu8's rnain source ol Incom8 would be very much reduced. Th8 Irusle8s have pald due regard lo guidanGe issu8d by Ihe CharitSes Commission IN decldlng whal actlvi1185 tha ch8Tily shtsuld und&rtak8. Slgnlficant activitles 2024 is still showing a shortage ol volunleers, meaning openlng hours 8r8 curt8iled to opening until 2p.m. each day, apart from Mondays where the shop is able lo open until 4 p.m. Th8 trolley operated to clintcs on 4 mornlngs. The inlroduclion of 8 card machine has initl81ty helped increa$8 sale5 In Ihe shop. 11 is, however, too early to rn88sure il taklnus wlll sustaln an increase in sales pre card rn8chlne. Don81Sons from League rtiernbers ond the public also provide a reasonable amount of revenue wllh £7,659 during 2024 {2023.. £7,007). ACHIEVEMENT AND PERFORMANCE Achlevements and Perfomiance All bids r8C&iV8d from heads ol departtnenls al the Hospi181 are discussed by tho'Fundlng Commille8' lo dèlermSne Iheir verauly before funds 818 made 8vailable lo Ih8m. The League of Friends Fundlng budget has help8d 23 departments during 2024 and 8 lot81 of £42.928 was funded across various projecls 8$ sumrnaTised below12023.' £55,171). For Patients.. Chlldrens wards.. Wg have funded 8n18rtalnm8nt and reward slicker5. Items lor thg r81aliv85 room in Cardiology, Plasti¢ sheels lo display artwork for ot(Sei persons medicine, Plant pots lor Breast Services. Refurbishrnenl items lor Iho PALS, Oenlal Hygi8n8 Items for Spegch Therapy. Drinking botlles for Major Trauma. Lic8nsès lorViriu81 R8allly Headsets for Ward A7 & theatr8. We have also funded a LED Picture Panel for Ihe New Emergèncy Department FOT slgff.. Fridges for varlous wards and clinlcs. FSbre Opti¢ MRI Compaliti18 Pu15e Monitors for Theal¥8s, three Nano EPR carls for HODU, Lockets for Volunteers, Trollies loi Mifwifery. We have glso commitleij to tjonaling £10,000 towards the rebuildinu ol Ihe rnulli f&ilh room. alongside hospital charitles. Departrrent5 funded includ8 thè Emeruency Depariment Paedlalrk, Recovery, Theatres, Fracture Clirkic, Oncology. Maternlty and Cardlology. Th8 Charlly also paid £10,551 lor lh8 insla118lion of the stained glass ndoW into th8 corrldor ol the hosplial Isiluated on lev61 A corridor near the Chapel). ThSs vas agre8d by Ihe Ex8cullve Commi1188 rneellng to celebrate Ihe 701h Annlversary of League ol Friends a( Queen Alexandra Hospilal. Al lh8 end 012024 the funding committee Gommilment was in excess of £41.000,12023 £72,000). Page I
LEAGUE OF FRIENDS HOSPITAL UEEN ALEXANDRA USTEES, REPORT FOR THE YEAR ENDED 34 DECEMBER 2024 FINANCIAL REVIEW Financial revlew £75,000 was commilled lor the year 2024 10 rn8et the requiretnenls agreed by the Funding Commilleo, the balgncÈ ol the funds are earmarked within charity funds to ensure Ihe Cha¥ily can conlinue its servlc8 W8re Ihere lo be a delay In funding. The Leagu8 continues to rec6ive funds and full d¢lalls of the Leagu8's receipts and payrn8nls are shown in the s1gtemenl atlach8d. In 2024 total recelpl8 w8r8 £71,91112023.. £60.6271. Total 8XP8ndSlure Including fundlng lo lh6 hospllal lolalled £90,96312023.. £87.6911. This exclud85 cash Irans16rs inloul ol the invÈslmenl porifolio. Cons8qu8nlly, an overall deficit arose 2024 01 £19.050 12023.. deficit £27,064). The reducilon In th8 d81icll 8r05e prlinarily due lo an overall Incr8as8 in Ihe level of shop salos 8$ well as a raducllon in granis lo Ihe hospital paid out in Ihe year. £20,000 of cash was vrilhdiawn frotn the investment porllolio during lh& y8ar lo provide liquid funds lor ongolng grants. The value of the lThv8$lments held by the oharily were valued ot £191,300 al 31 December 202412023.. £198.9431. Th8 Irus188s hav8 ass8s88d the m8lor rlsks lo whlch tha charity IS 8XPOS8d and ar8 $81isfied Ihal systems are In pla lo millg8le exposure lo the major risks. There were no18g8ci8s racelved in 2024, Bllhough we do receive anonymous donallon8 into ovr bBnk aCCOLJnt. Re5eYves pollcy 11 Is the polloy ol the charity Ihal unresliicl8d lund5 whlch have nol been designated for a specific use should be maSnt8ined 818 level equlvalenl lo belwe8n three and six rnonlh s expendk1u. The IrLSStees conslder Ihal r8s8rv8s al Ihls level wlll &nsure Ihal, In the event ol a 5ignilicanl drop in funding. they will be ab18 lo continu8 Ihe ch8rlly's Gurrent a¢livilies while ¢onsid8ralion is given lo ways In which addllional funds may b8 ralsgd. This level of r888rv8s has bebn maintained throughout Ihe year. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing dooument The charily 18 conlrollgd by its governlng document, a deed ol irusl and conslilules an unincorporat8d charlty. Recrultment and appolntment of nèw trustees N2w Iruslees are idenlili*d and appointed by the extsling Trustees. New Trvslee$ ar8 given 8n induotion pYogr8m whleh Involve5 awareness of 8 Irusleo's responsibilili8s. (he gov8manc@ docum6nt, admlnislrallve procedures, the hislory and philosophical approach of th8 charily. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 223069 Prlnclpal address Soulhwick Hill Road Cosham Portsmouth Hampshir& P06 3LY Trustees J Tull Chalr E J Brown Trust88 lappolnted 2.1.241 Mr P Gorvin Trustee Mr M Flaherty Trustee J L Salcl)ell Trustee Mr A S Dyer Tiuslee Page 2
LEAGUE OF FRIENDS HOSPITAL UEEN ALEXANDRA TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 REFERENCE AND ADMINISTRATIVE DETAILS Independent ExamlnBr Mrs L A Parry ACA Langdowns DFK Chart8red Accounlants Flemln9 Courl Leigh R08d Easllelgh Soulhampton Hamp%hire S050 9PD Approved by order ol Ihe board of Irus16es on . 01.1.. -../.Zw.I,7.............. 8nd signed on its beh811 by.. J Tull- Trusleg Page 3
INDEPENDENT EXAMINER'S REPORT TOTHE TRUSTEES OF LEAGUE OF FRIENDS UEEN ALEXANDRA HOSPITAL Indep811d8nt examiner's report to the trustees of League of Friends Queen Alexandra Hospllal l port tu the Charity IiuslEes on my examlnallon of the accounts of League of Friends Queen Alexandra H05Pltal Ilhe Trust) for the year ended 31 D8c8fflber 2024. Responslbllltles and basls of rèport As the charity Iru8le&s of Ihe Trust you ar8 r88ponsible for the preparallon ol the acGounls Sn accordan¢e wilh the requirements of the Charilles A¢1 20111'lhe Acl'l. I report in respect ol my examination of the Trust's account5 Cariled out under Section 145 01 Ihe A¢1 and in carrylng out my ex8mln81ion I hgve followed all appllcable Directions giv8n by the Charily Cornrnission und8T Section 14515llbl ol th8 Act. Independent èxamlnerfs statemenl I have wmplgted my examinallon. I confirm that no tnaleii81 matters have Comg lo my allenllon in conn8clion with th8 examination givlng me cause to believe that in any material resp8cI'. accounting records were not kepl in respect of the Trust Ès requlred by Seollon 130 of the Act.. or the accounls do not accord with those records., or the auounls do nol mplY with the applScable r6qulremenls conceming the lorm and content of aecounls set oul In the Chari119s IA¢¢ounls and R8porlsl Regulation5 2008 other Ihan any requiremenl that Ihe 8ccounls give a tru& and fgir view uthich 15 nol 8 mÈllor consider&d as part 018n Ind8P8ndenl ex8min8tion. I have no concern5 and have oom8 across no olher ma118rs In connecllon wSth the examlnallon lo whlch att9nlion should be drawn in this report in order to 8nable a propel understanding of th8 ac¢ounls to b8 reached. Mrs L A Parry ACA The In$tilul8 of Chart8red Accountanis In England and Wal8S Langdowns DFK Charlered A¢countanls Fleming Court Leigh Road Ea8lleigh Soulhamplon Hampshire S050 9PD 081e'. Page 4
Th# LaÉUQ ol FYlendsolQuoonAleM3ndYaHospltal,Cosl)Am,Ponsmouth.Hènts.P063LY IREglsteiedChailty NMbPrI2JQS9j STATEME7 OF ACCOUNTSFORIHE YEAR ENDEO 31ST DECEMBER 2024 2Q24 IIWe311hentlhcome &ankliiieiest Rec9 Ddend$RecOKd Y29.23 0.00 129.28 0.00 0.00 t•E¥5URPLusIIDEFicin Y49.92 -67.004.46 ASSETS.. DonBUon 7.659J8 65.OD 7,007.72 24.00 0.00 2,165.34 316.QO CASH SUDIDSiASTYÉAk EPJD 9Jbscilpiknns LeEOQiC8 LcaÉueEyents Other 96B.34 ?I.DD7.7U O.OD O.OD 743.20 88.297.40 ItbyesimoDIAccoun¢ Ca5hln1iand 157.00 Y79.03 11.976.04 89.040.50 8,680.41 9,5J3.0S C1091niBol?Dcgs31 DBcgmts•r ¢uiientAccuunt NeytmentA¢cou Shop Sbop5olo Sthhup ?.0000 2J.92&96 968.34 64121.63 si,It3.68 63,121.63 22,925.96 21,976.04 Olherlmcome SalD3Dflthwtm&nt8 2qODD.00 PORTFOLIOVAiUATION a5at3J Dttember 191,199.96 198,942.97 20,OOttDD oo SI¢X4aS a131 Decernboi 3.549.31 2,944.J6 TOTAL 97,917.27 Gts.6.74 EAYMENTS Graht$tDQAH09piièI PHT OtherPCTJ StèlnedGIgs8Winlow 32,089. 70.838.76 tO,551.00 53,479.48 55,171.34 54171.34 B8nkChBrf&s 848.9S 812.79 848.96 812.79 E%pen9eg ChoirmoTb8ENptn24> WoihllEPEn5* NIHCF GBneiBI TrSlert0P01 t,496.66 350.40 192.74 0.00 1,gG2.OS 511.32 1.769.77 rfoood,00 2,084.40 4¢1.043.Id Shop6 Shoppuirhkses EXF17@ 34?77,82 370.89 27.43&70 230.23 27.663.&9 34.548,51 TOTAL 90,9S1.J5 127.691.20 NETSURPLvsIIDEFICIT 949.92 .6X.064.46