Charty registratlon number 228536 THE LEAGUE OF FRIENDS OF THE KIDDERMINSTER HOSPITALS ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023
THE LEAGUE OF FRIENDS OF THE KIDDERMINSTER HOSPITALS CONTENTS Page Trustees report Independent examlnerfs report S181em6nt of ffin8ncl81 acttvilies Balance sht Notes lo the financial stalemgnts
THE LEAGUE OF FRIENDS OF THE KIDDERMINSTER HOSPITALS LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr8 Y Bannister MSSS S Driscoll Mrs P Graing8r Mrs. M A Herbert MrsSJLee Mr P J Picken QPM Ichairmanl Mr M J Shellle (Vlce Chaimanl Mr G Wh88lar Mrc S Joyce Mrs M Steadman MrsJMCox Mrs P Kelly (Treagurer) Mrs C Titl8y Mrs N Worton Mr S Middleton Charlty number 226538 Prlnclpal address Kldderminsl&r Hospltsl Bewdley Road Kidderrninsler Worcestershlre United Klngdom DY116RJ Indepondent oxamln•r A2el$ Sl. Davlds Court Union Slroel WolveThamplon Wesl Mldlands United KSn9dom WV13JE Bankers CAF Bank Ltd PO Box 289 Kings HS11 West MBlling Kent Unlted Klngdom ME18 4TA Sollcltors mfg Solieiltsrs LLP Adam Hous8 Birrnlnghèm Road Klddemilnst&r Worc¢sltrrshiro Unitèd Kingdom DY10 2SH
THE LEAGUE OF FRIENDS OF THE KIDDERMINSTER HOSPITALS LEGALAND ADMINISTRATIVE INFORMATION Investment advisors Brewin Dolphin 9 Colmore Row irmingham B3 2BJ United Kingdom
THE LEAGUE OF FRIENDS OF THE KIDDERMINSTER HOSPITALS TRUSTEES REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2023 The Iru8le88 present their annual report and financial statements for the year ended 30 September 2023. The financial statem8nts have been prepared in accordance with the acnting pol¢¢ies set out In nola I to the financial slalement8 and comply with the charity's conslt50n dated 27 March 1963 {r&draftod 2 December 19861, the Charities Act 2011 and "Accounling and ReporUn9 by Charltles.. Slalemenl of Recommended Practice applicable to charittes preparing their accounts in accordance with the Financial Reporting Stsndard applicablo In tho UK and Republlc of Ireland IFRS 1021" lelfective 1 January 20191. ObJectSves and actlvltles The main purpose of the L6ague is to relieve palienls and formèr p8liènts of th8 Kldderminsler Ho8pilals and other invalids in the community who Arè sick. convalè$¢ènt, dl$abl8d, handicapp8d, infimi or in need ol finan¢lal asslst8nce 8nd gonerally lo support charltable work of the said Kidderminster Hospitslg. Tho Twst86s have rèferrèd io thè guldance Issuèd by the Charity Commls8ion on publlc benefll whgn rovlewSng the aims and tsbjecllves of the charity and in planning futur8 8clivilies. Achievernents and perforniance This yoar started In October 2022 wllh thè Issuès and challenges caused by Covld balng 88sèd but thè legacy meant that there were many challenges to bfy mel. As the reslrfcllons from Covid werè eased then there was th8 opp¢rtunlty to re-&xamlne pracllcos and many In Iho communlly had their lives changed $0 much that il was not asy lo slmply relum lo how Ilfe was before the pandemlc. Our volunteers were. of ¢our8e, older. Sadly 8 number had passed aw8y an¢J others. h#vlng had a break. dld not feel abl8 to relum. Th¢ Aculo Trust to¢k the opportunity to re-¥x8mlne Volunteer practlces and whereas we werg able to open tho Coffee Shop with restrlcted number8, Volunteers In th8 maln Hospital and Dgpartments took longer lo be able lo rgsume. Wllh no Charlty Shop, the Coffee Shop has been our maln sourco of activlty and Inoomg. Thgfo were challenglng ilmes to overcom8 ihe chang&s caused by th8 Covid p8nderniB bul slowly the hard work of Volunteers and ourAdmSnlslralor, Naialie, Saw the busine35 pick up. This was welcomed by Staff and Pationts. Thè Second-hand Book5 sland wa5 r8-Intmduc8d gnd 5$ working quite wo11. The Volunteers in the Hospital and DepariTrienls waro gradually re.Inlroduced 8nd the Hospilal 8taff are greatly appreclalive of the the roles they undertake. Our AGM for the year enijing Seplernber 2022 was held on 20th September 2023. Ther8 wèrè no nèw Tru31ee3 during th8 Y8ar but Colln and Dorothy D8rby r@s5gn In Novembèr 22 and Jan Hod3on resigned in December 22, all had given many years of Invaluable Service. We are grateful that our Treasurer, Pal Kelly has ¢onlin¥Jed lo keep a light reign on our finances. We bell&vg We ar& abl& lo look forward with optimism that our Charity is w811 ablè to contlnu8 In the futur8. This year was ¢hallenging for ourAdminislralor, Natalie Mason. There were so many new challenges for her to overcome but her enthusiasm and dedication ensured we had a successful yèar 8nd èndéd w@11 placed for th8 new year. The Kidd8rmin5ter Hospital continues to providè a valuable contribution 8nd sèNic8 to thè ID¢al commun5ty and there are plans for ¢ert8ln D8Partments lo develop lo provide even more Services so there is a continued need for our charity to provide financial support. We would like lo thank our professlonal advisors MFG Ilp- solicitors, Azets Brewin Dolphin- Investment Advisors, for their seNices. Chartered Accountants and We also acknowledge the help and advice offe throughout the year by hospital staff.
THE LEAGUE OF FRIENDS OF THE KIDDERMINSTER HOSPITALS TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Flnanel•l review Coffeg Shop sales have Increased compared io th6 prior year due lo there b¢lng no COVID related issues In the year ending 30 September 2023. Total in¢oma from the Coffee shop was £79,131 for the year. Legacles and donatlorbs tolalllng £285.529 w8rè received, with an addlllonal £1.180 ralsed from online and book sales. We were abl& to conslder applications from the various departmenlg of Ihe Hosp6ts1 and purchase much-naÈd8d Itsms, and In accordance with our CharityAims. DurlnG th8 year we recelved 1fj requests for equipment and servlces and were abl8 to make donaiion5 wilh th value In excess of £47,000. We would Ilke lo thank our adminislralor. Natalle Mason for her continued hBrd work in ¢oordlnallng all offic8 and volunteer requirements as well as supportlng Ouf VariOUS commilt80s. Th8nks 8180 goes lo our Chalrman, Peter Plcken, for his unw8vgrlng support to the varlous commSttees over thè last 12 months. R•sgrv•s Pollcy Thls year, the Committee has con15nued Ils reseNes pollcy, whereby a substsnllal portton of the funds 1$ rel8inèd and suitably invested. The9& Investments now produce a monlhly income Stream lo support our charlty glvlng In to hospital. Furthgr rose03 are now Invested wilh the Ch8rfty Ald Foundation to 9Sv$ us a Competitive intorasl r8le. and lo add flexlbility In our dally banking neads. Investmant P¢ll¢y The Invèslmenl portrollo ¢onllnu&s lo provlde a rellable sourcè ol Incom8 each month. with our Teserv&8 slandlng al £634.414. The portlollo has generated an annual Income of £24,902 lan esllmoled annual yiold o15.83Q/o )- The portfollo continues to be managed on 8 tow lo moderate basis, wSth 8 b188 towards providing an Income return, in1Sne with our long-lorm Snvostmenl 81ralegy. A copy of our full Investment Policy cgn be obtsSned from the Laagu8 of Friands office. The Finance commlltee wlll review thg pollcy with the Inveslm8nl manager on a Qu8rterly ba818. The Trustees hava assessed Iho major rlsks lo which the charltyls expos¥d, and are Ba113fled Ihal sy81oms arè In place to mitigat8 exposuro to the major risks. Plans for the futurn Tha Truslg9s 11 ¢onlinue to review all aspects of the charity finances. GO that Ihe objectives of Ihe charfty can b8 malntalned. With the continued uncertalnty surroundlng the NHS thè Truslogs will remain mindful of the posslblo long-term effacl on local heallh¢are. During the forthcorning year the League will endeavour to enlist th¥ $ervTce3 of more volunleeTS lo asslsl with our various projects. Stwcture. governance ond management The League was establish&d by ils Constitution dated 27 March 1963 which was redrafted on 2 December 1986. Thè Trustees who seN8d during the year and up to the dale of Signature of the finan¢ial $tsternenls were: MTS Y Bannlster Mr C DarbyACMA Mrs D Darby Miss S Driscoll Mrs P Grainger Mrs. MA Herbert Mrs J E Hodgson MrsSJLee IRÈsigned 24 November 20221 (Resigned 24 November 20221 IResSgned 14 December 2022)
THE LEAGUE OF FRIENDS OF THE KIDDERMINSTER HOSPITALS TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Mr P J Plcken QPM {Chairmanl Mr M J Shelli8 (Vice Chairrnanl Dr R Taylor FRCP MBE (Presidenll Mr G Wheeler Mr C S Joyce Mrs M Steadman MrsJMCox Mrs P Kelly ITr8asurerl Mrs C Tilley Mrs N Worton Mr S Mlddleton IDe¢eased 26 June 20241 New commlttee mernbers11.e. Trusleasl ara people wilh either medicol qUBlifications, or wllh a very strong Ioc81 b8ckground. All are elected al ourAnnual General Meoling, bul occ8sionally seNe on a co-opted basis beforehand. All Trustees ar8 provlded wllh the followSng: Hlslory gnd ba¢kground Infom)allon A copy of tho conslilulion A copy of tha previous y&arf$ 9¢Un and report A copy Qf the18$1 Boarcl minute8 The admlnl8lrallon of the L8agu818 normally carrfed out by a management commlttee governed by lis trbl8¢tlves and rules, meeting rnonthly lo be updated wllh affalrs, and lo dSscu88, ex8mlne and declde upon requests lor support from hospital units. During this perlod, Iruslees have been consulled on key Issuos by the ch81mn when Appropriate and have boan givan opportunltlas to havo on Snptjl into irnportanl deci81ons. Post BAlan Shoot EntS Impll¢atl¢n$ of COVID.19 control measureB and charlty flnanclal r•portlng The activ1e$ of the charlty were severely affected during the Covid era. The activities were changed wllh the loss of the Charity Shop bul with the reinlroducilon of the Coffèè Shop 8nd Its financial support for the Charity, the future of the Charlly Is well placed to contSnue. Our Investment Portfolio continue5 to pTov(de a heallhy income &Bch month. 8nd thè latesl update from 8rewln Dolphln. our Inve$lmentAdvSsors Show that an eslimaled gross income yield of 5.83Qh. We remain lo function as a Charity and we do not have any concerns as to the futur8 su$l8lnabllity or viablllty as a going concern and onoe all Ihe current reslri¢llons are Ilfted and we are able to resume tradlng. Impllcatlons of the Ukralne Invaslon on our Charlty The Trustees lake advice from Brewin Oolphln. Our Investment advlsors and ensure our Inveslrnent Portfolio is in accordance wilh our pollGy. We recognlse that In the cUent situation there Is a an increaso in uncertainty and the risk increased. Due to the broad spread of investments we ar8 not likely lo be disadvantaged greatly. History has shown that equlties havè bèèn raslliént during periods ¢Jf ¢risis in the past ond we ¢onlinue lo lakp advice from our Independent Financial Advisors.
THE LEAGUE OF FRIENDS OF THE KIDDERMINSTER HOSPITALS TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 The TTuslees rèport was approved by th& Board ofTNslees. Mr P J Plcken QPM IChalrnian} Trustèe Da18d.' 31 July 2024
THE LEAGUE OF FRIENDS OF THE KIDDERMINSTER HOSPITALS INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE LEAGUE OF FRIENDS OF THE KIDDERMINSTER HOSPITALS I report lo the truslees on my examlnatlon of the financial slatem8nts of Thè Le8gtJ8 of Friend8 of the Kidderminsler Hospitals Ilhe charity) for the year ended 30 sep1amr 2023. Re5ppnslbllltles and basls of report As thè tru$teo$ of the charity you are responsible for the prepafation of the financial statements In accordance wllh the requirements of the Chariltes Act 2011 Ilhe 2011 Acll. I report in respect of my examination of the charlly's flnan¢6al slatsm8nts carried out under Section 145 of th8 2011 Act. In carying oul my examinatlon I have followed all the applicable Direcllon$ glven by ihe Charity Commission undgr section 14515}Ibl of the 2011 Act. Ind•pènd•nt •x#mlnèr's $taternent Slnco the charlty's gross income èxc8èded £250,000 your 8xamln8r musl bg a member of a body 1Ssled In secllon 145 of the 2011 Act. I confirm that l am qualified lo undèrt8kè tha examination because l am a member of Instllule of Chartered Accountants in England & Woles, which is one of the listed bodies. I have completed my exominalion. I conflm that no mètt8r9 h8ve come to my attentlon in connecllon with the gxamlnallon glving me cause lo belSèvè Ihal in any material respect.. a¢¢ounllng records were not kept In respect ol the charity as requlr(>d by seotlon 130 of th& 2011 Act,. or the iln8nclal st8lemen18 do not accord wllh those records: OT the financial 8tatements do not comply wllh Ihe applicablg requlrgmenls concernlng th& form 8nd conlenl of accounts sel out In the Charitles {Accounls and Reports) Regulallons 2008 other than any requirement that the occounls givg a Irue and falr vlew whlch is not a martel considered as part of an Ind&pènd8nl ex8rnln81ion. I have no conrAgms 8nd hav8 coma &cr088 no olhar m&ttets In cgnneGllon wlih the examlnatlon lo whlch all8nlion should be drawn in this report In order lo enable a proper undgrslandlng of thè financial 5talemenls lo be reoched. Jane Swann BAIHonsl BFP FCA Azets St. Davld8 Court Union Street Wolverhampton Wesl Midlands WV13JE United Kingdom Dated- 31 July 2024
THE LEAGUE OF FRIENDS OF THE KIDDERMINSTER HOSPITALS STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2023 Unrestrlctèd R•strfct•d funds funds 2023 2023 Total Unrestrlct8d Re$tri¢t•d nds fund 2022 2022 Total 2023 2022 Not•s Income from: Donglion5 and legacios Olhgr Iradlng 284.529 1.000 285,529 13,489 13,489 Coff88 shop Book sales Onlinè s81¢8 Investments 79.131 1.086 94 28,718 79.131 1.086 10,057 162 362 20,987 10,057 162 362 20,987 28,718 Total Income 393,558 1,000 394,558 45,057 45,067 Ex Raising funds fj.491 6,491 6,979 6,979 Other Iradlng expendllure Coff¢g shop Equlpmenl grants 95.783 44,882 95.783 47,623 37,810 5,763 37,810 8,676 2,741 2,913 Totsl ¢h*r51ablo expendltur• 140,665 2,741 143,406 43,573 2,913 46.486 Total expendlturo 147,156 2,741 149,897 50,552 2,913 53,48s Net galnslllossasl on Inveslm8nls 12 4.930 4,930 (65,3271 165,3271 Not movom•nt In funds 251,332 11,741) 249.591 170,822) {2.9131 {73,7351 Fund balan¢es al 1 October 2022 721.911 26.320 748,231 792,733 29.233 821,968 Fund balances at 30 September 2023 973,243 24.579 997,822 721,911 26,320 748.231 Th8 81atement of finandal acllvllles includes all gaEns and1038e8 recognised In th8 year. All Income and expendSlure derlvè from conlinuSng activities.
THE LEAGUE OF FRIENDS OF THE KIDDERMINSTER HOSPITALS BALANCE SHEET AS A T 30 SEPTEMBER 2023 2023 2022 Notas Fixed assets Tangible #ssels Investments 14 15 986 634,414 1,284 645,145 635.4QO 646.429 Curr•nt as8ets Sl¢)cks Debtors Cash al bank and In hand 16 17 2,469 3.843 367,341 2,584 2.211 103,674 373,653 108,469 Credltors,, amount$ falllng due wlthln on• year 18 111,2311 16,6671 Nel current assets 362.422 101,802 Total assets less current Ilabllltl¢$ 997,822 748,231 Income funds Reslriclèd funds 24,579 26,320 085ignaled funds Gentr81 unreslricted funds 20 183,611 789,632 105.845 616.086 973.243 721,911 997.822 748,231 The flnancl I st8 enls were approved by the Truslegs on 31 July 2024 Mr P J Plckert QPM ICh8lrm8nl Trustge Mrs P Kelly (Treasurer} Trust88
THE LEAGUE OF FRIENDS OF THE KIDDERMINSTER HOSPITALS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 Accountlng policies Charlty Information The League of Friends of the Kiddemiinsler HospSlals Is a charity èstablished by its constitution d818d 27th March 1963 which was redralled (Jn 2nd Decemb8r 1986. 1.1 Accountlng conventlon The financial statements hav8 bèen pr8pared In accordance with the charlV$ lgovemlng documenll, the Charities Act 2011. FRS 102 'Thè Financial Reporting Standard appllGabl8 In the UK and Republic of Ireland" {'FRS 1021 and the Charitie3 SORP 'AccounlSng and Reporting by Charities.. Statement of Recommended Pracllce appllcable lo charities preparing thelr a¢¢ounts in accordance wlth the Financlal Reportlng Standard applScable In the UK and Republlc of Ireland IFRS 1021" laffeeuvg 1 J8nuary 2019). The charlty is a Publlc Benofil Entity as deflned by FRS 102. The charlty has taken advantsge of the provisions In th8 SORP for chatllles not to prepare a Statement of Cosh Flows. Tho flnanclal slatomenls hav8 departéd from Iha Charltlès (A¢¢ounts and Reports) Regulations 2008 only lo Ihtr exlenl requlred lo provlde a tru• and falr view. This dèparture has Invoed follcswlng the Slalemenl of Recommended Pracuce for charllies applying FRS 102 rather Ihan tho veislon of the Slalem&nl of Recommended Pracllc8 whSch Is refèrred lo in thè R8gu18Uon$ bul whlch has slnce been wlthdrawn. Th& finoncl81 st8l&m$nt8 are prepared In slgrllng. whlch Is Iho luncilonal currency ol the charlty. Monetary amount8 In these flnanclal statements are rounded lo the nearest £. Thg fin8n¢lal statements have b88n prepared under th& hl8torfcal cost conv&ntton, modlfled lo Include Certain fln8nclal InBITumenls al fair voluo. The prlnclpal 8ccounllng pollcl&s adoptgd afg $el out below. The charlty Is a wbllc beneffit onllty. 1.2 Golng ¢on¢tm At the tlme of approving the flnanclal s18lem8nl8, the Iruslees hèv• a raasonablo $XP¢¢talion that the chgrSly has adequat8 rasourc8$ lo continue in operational exlslencg for Ihe forestteable future. Thu& the Iruslees continue to adopt the going concem basls of accounting in pparIng the flnancial statements. 1.3 Charltable funds Unreslricled funds are avallabl? for use 8t the discretion of tho trustees In lurtherarTh of their charftable obl&cilves. De8ignaled fund8 cofflprf5e fvnds whlch have been set aside al thg discr&tlon of the Iru8tees for sp8dfic purposes. The purposes and use8 of the designated funds oro set out in the notes lo the finan¢lal statements. Reslrfcted funds are subject to specrfic Conditions by donors as to how thay may be uséd. The purposas and use8 of Ihe restricted funds aro 881 out in the notes to the flnan¢l81 stslemenls. 1.4 Incomè Income is regnISed when the charity Is le9ally enliued lo il after any performance condltitsns have been mel, thè amounts can be measured reliably, and it IS Probable that Incomè will bè rèceived. For donallons to be r¢¢ggnised the charlty will have bèen noted of the amounts and the settlement dale in wrlling. If Ihore are condillons attached lo the donation and this requires a level of perfomiance before entiuement can be obtained then income is deferred until those Conditions are fvlly mel or the fvlllment of ihose conditions its within the control of the chty and it is probable that they will be fulfilled.
THE LEAGUE OF FRIENDS OF THE KIDDERMINSTER HOSPITALS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Accountlng pollcles IcontSnuedl For legacies, entltlemenl 1$ the earlier of Ihe chaiily balng nollflod of an impending distribution or the legacy belng received. Al this polnt Income Is ognIsed. On occasion legaciès wll be nOfied lo the charity however It Is not p055ible lo measure the amount expected lo bè distributed. On these occasions, the lega¢y Is treated as a contingent asset and dlsclosed. Donated fa¢ilili6s are Included In th8 accounts al a notional figure where the trustees are able lo eslimalè the valu8 of thè facilllles received. Government grants are recognlsed when the chadly is legally enlilled toll after any performance ¢ondlllon8 hav8 bèen met, the affl)unts Can be measured reliably. and11 is probable that income wlll be recelv6d. Taklngs from the coffee shop and refreshment trolley are recognlsed as Income when received. Investment Sncom8 Is 8arned through holding 8S$8ts for Investment purposes such as shares and cash. 11 Includes dlvldends and Inleretsl. Wher8 il 15 not practicable lo identify investment managernenl cost8 incurred wllhin a scheme with reasonab18 accuracy the inveslmgnl In¢ome1s reported nel of these costs. 11 Ss inclu(1gd whon th8 amount can be méasured reliably. Interest and dlvidond Income Is recognlsed as thg charlly's right lo receive paym8nl is estsblished. No amount Is In¢ludod In the financlal slalemenls for volunteer tlme In lino with tha SORP. Furthor datall Is given in the Trustèès, Annual Rgport. 1.5 Expendltu All expenditure Ss accounted for on on owruals ba$18 and has been classlfied undèr headings that aggr8gat• all costs relaled to the category. Expendllure is cOgnised where there Is a legal or constructive obligation lo payments lo third parties, it is probable that the settlement will be required and tho amount of the obligation can be measured rellably. Cost of raising funds includès thè Inve8lmenl managernenl costs. Other Iradlng expendllure includes costs of trading for fundraiBlng purposes Including the charitys coffee bar and refreshment trolley. Expendibjro on charitgble actlvitles comprlse those c08t8 Incurred by the Charity in the delivery ol actlvltles 8nd $ervico8 for its beneficiaries. 11 includes both grants payable and those Gosls of an Indlre¢l nature nec&8sary lo support them, togelher with the govgmgn¢¢ o)st$. Support costs are those that assist the work of Ihe charfty bul do not direclly represent charitable activities and includ9 officg costs, govemance costs, adminlstralive payroll c051s. They ar& incuTred dirèctly in 8UPPOrt of expendblure on the objects of the charfly. Whem support costs cannot be dlrèctly attributed lo particular headlngs they have boen allocated to cost of ralslng funds and expenditu on ¢harilable activiti85 on 8 bB$Is on8islenl with use of tho resources. Overheads have been allocated evenly across all actlvitles. Irrecoverable VAT Is charged as an ?xp•ns8 8g81nst thè activity for which oxpendilure arose. Grants Payable lo third parties are within the charitable objectives. Where uncondttional grants 8re offered, Ihase are accrued as soon as thè recipient is nolifiÈd of the grant. as this gives rise lo a reasonable expèct8tion that the cipIent will receive the grants. Where grants are condilionBI relating to perforrnarKg then the grant is only accrued when any unfulfilled conditions are outsid& of thè control of Ihtr charity.
THE LEAGUE OF FRIENDS OF THE KIDDERMINSTER HOSPITALS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Accountlng policiès Icontlnuedl 1.6 Tanglble flxed assets Tan9ible fixed assets are intt1811y mea6ure¢J al cost and subsequently measured at cost or valualK)n. nel of depre¢lollon and any Impalmienl losses. Deprecladon Is recognised so as lo lt8 off the cost or valuatlon of assets less Iholr resldual values over their useful lives on tha following bASeS- Plant gnd 8qulpm$nl 20% on cost Indlvldual assets under £200 ar8 not capil8118ed. The 9aln or loss arlslng on the disposal of an Bss8t Ss datwmined as the difference baVe8n the sale proceeds and the carylng v81u8 of the a55et. and18 recogni88d in nel incornell6xpendilure} for the year. 1.7 Flx&d asB•t Inv•stm•nts FIx8d asset Investments are Inltlally measured al transaction pric8 8x¢luding transaction costs. Subsequently, thèy gr& measured al falr value with changos recognlsed In 'nel galns I IlosBesl on Inve$lments' In the SOFA if the 5h8ros are publicly Iraded or Ihelr falr value can otherwlse b8 measured rallably. Transacllon costs ore expansed as incurred. 1.8 Impalrment of flx•d a$$ets At è8¢h rèportlng end date. the chgdty rgvSews thè C8frying amounts of Its langlblg ass818 lo delermlne whether there Is any IndicaOn that thosè assets have SLffi8red Bn Imp8lrm8rit Ios8. If any such Indlcallon exists, the rocov8r8blo amount of thè assgt 1$ ostlmaled In order to dètefflilna the exionl of the Impalrmènt Ios8 Ilf anyl. 1.9 stocks Stocks are Staled al the Iowor of ¢081 and nel reallsable value. after m8klng due allowance for obsol8le and slow movlng Items. N•1 realisable value Is Ihe egllmated selllng pdce less all estlmat8d co818 of complellon and costs lo be Incurred In mork9tIng, selling and dl8lribulion, 1.10 Cash and cash equlvalents Cash and cash 8quiv81onts include cash in hand. dgposils held al call wilh banks, and other short-1gTm liquld Investments with original malurlties of three fflonlh5 or less. 1.11 Flnanclal rnstrum¢nts The charity only has llnanclal assets and118bililies of a kind that quallfy a$ baslc finandal Instruments. Baslc flnandal Snslwments are initially recognlse¢J at IranBaction value and $ubsequently measur8d al Ihelr falr value or settlement value. 1.12 Taxatlon The charity 18 an exempt charity withSn thè meaning of schedule 3 of the Ch8rilie5 Act 2011 and15 considerod lo pass the lesls sel out In Paragraph 1 Schedul8 6 Fln8nc8 Act 2010 and Ihwefore 51 mg¢ls Ihe definition of a charilable company for UK corporation tax purposes. 10-
THE LEAGUE OF FRIENDS OF THE KIDDERMINSTER HOSPITALS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 A¢¢ountlng poll¢l¢$ {Conllnuèdl 1.13 Employee benthts The cost of any unused holiday entlU¢menl18 recugnlsed In the period in vdhich the 8mployeo'$ services are recelvgd. TerminBtion bengfits are recognlsed Immedlately as an expense when th8 ch8rlty is demonstrably commiiled ta lèrmln8t8 the employment of an employee or lo provide terminatlon benellls. 1.14 Rotlr•m8nt bèn811ts The Charity op¢rat8s a defined contribution pension scheme. C¢)nlrfbullons payable to the charity's pension scheme are charged lo th6 Statement of FinanciBI ActiviU88 In the perfod lo whlch they rel81e. 1.15 D•btors and er&dEtors rèctlvablelpayable wlthln one year Debtors and creditors with no slated interest rale and recelv8ble or p8y8ble within one yoar aro r$¢orded al IransaclSon price. Any losses arfslng from Imp8iment ar6 recognised in expenditure. Crltlcal accountlng QStlm8to$ and 5udg•ments In the 8pplScallon ol Ihfr Charity's aOunting policlès. the tru81ee5 are requlr¢d to mako ludg&m6n18, estimates and assuMp0nS 8boul the ¢arrylng amount of ass8ts and Ilabllllles that are not readlly apparent from olhor sources. The eslimales and associated assumptions ar8 b88ed on historical expeTience and other factors th81 are consldered lo be relevant. Actual re8ulls may differ from Ihgs8 eslim8t8s. The eslSmales 8nd underlying 8$8umpllon8 are revlewed on an ongoing bosls. Revl$lon8 lo accounllng esllmates are rocognlsed In the period In whlch ihe estimata Is rovtsed where the r&vislon affects only th81 P8rlod, or In thè pèrlod tsf Ihtt vIon and fvlure pedods where lh8 revlslon affects both cuTh8nt 8nd futuro perfods. The Iruslees do not consldgr thal the finandal slalemenls are subject lo Any slgnlllc8nl ludgemenls or key a¢Gounllng ¢sllmales. Donatlons •nd leyo¢1 Unrestrlcted Regtri¢tgd funds funds Total Unre$trleted funds 2023 2023 2023 2022 Donations and gifts LegacSes recefvable Government grant incoma Donated goods and s8rvlces 7,934 273,095 1,thJO 8,934 273.095 8,174 1,1S8 657 3,500 3,500 3.500 284,529 1.000 28S.529 13,489 Governmènt grant In¢omg G?vemment grants h8ve bgen recelved for the retention of staff during th8 Covld-19 p8ndemi¢ and business grants have also been received lo support the charity dltring the C¢vtd-19 pancltrmic. Donated good5 and services Donated goods and services consists of renl forthe Coffee shop. 11
THE LEAGUE OF FRIENDS OF THE KIDDERMINSTER HOSPITALS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Inv•stm¥nts Unr¢$trl¢tgd Unre5trlcted funds funds 2023 2022 Income from118ted Inveslmonls Intèrest recelvabl¢ 24,902 3,816 20.846 141 28.718 20,987 Ral8lng fundg Unr•8trlcted UnT•Strl¢t•d funds funds 2023 2022 Investment man8gomenl w&1$ 6,491 6,979 6,491 6,979 13-
THE LEAGUE OF FRIENDS OF THE KIDDERMINSTER HOSPITALS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Other tradlng 8xp•ndltur• Coff¢e shop Equlpment grants 2023 Total 2023 Cofftè shop Equlpment grants 2022 Total 2022 2023 2022 Dèpreciation and impairmanl Purchases Rènt BLtsiness rates Postago and Stanry Phone Repairs Sundry 1.068 59.732 3.500 230 1,068 59.732 3,500 230 1.054 6.947 3.500 259 305 104 284 753 1.054 6.947 3,500 259 305 104 147 2,278 647 147 2,278 647 753 67,602 67,602 13,206 13,208 Grant fundlng of aollvlllgs (see note 81 47,623 47,623 8,676 8,676 Share of support costg Isoo note 9 Sharg of govern8nc8 CO8151see nots 91 25.041 25.041 21,651 21.651 3,140 3,140 2,953 2.953 95,783 47.623 143,406 37.810 8,678 46,486 Analys1$ by fund Unreslricled funds Re81ricted funds 95,783 44,882 2,741 140,865 2,741 37,810 5,763 2,913 43,573 2,913 95,783 47,623 143,406 37,810 8,676 46,486 14-
THE LEAGUE OF FRIENDS OF THE KIDDERMINSTER HOSPITALS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Grants payable Equlpment Equipmènt 9rants grants 2023 2022 Grants lo inslilLrtions {12 grants): Milbrook Suits- Jfjtchen Alterallon8 Wyre Forest Ward TV Audiology Dept- Ear Wax Removal System Oulpèlients Skeleton Physlo Depl- Treadmlll MIU Scrub Tops Theatres Recovery Sulle Cardlopulrnonary Co- Lab Coffee MathSne Dorrnalology Depl-Alr Vao MIU - Childrens PlayArea R&nal Unlts- 2 Tvs WF Ward - Bladder Scannsr M8lernlly Hub- Blrthlng Pool The Hub- VR Syslgm Urology Cupboard Mlllbrook sulla- Kllchgn gqulpm8nt 2,714 199 2,174 594 2,995 153 2,184 11,308 3,000 2.675 6.065 255 4.562 243 13.204 1,233 2,741 47.623 8.676 AH grants payable ar8 ho$pilal 8pproprfallons made to Klddgmi5n$ter Hospitals. 15-
THE LEAGUE OF FRIENDS OF THE KIDDERMINSTER HOSPITALS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Support ¢o$t$ Support Govèmanc costs costs 2023 Support Governance Costs 2022 Staff cost$ Telephone & brogdband Posta9¢ and stslionery Sundry Subscriptions Bank chor99$ lThsurance 19,573 794 923 760 1.387 565 1,059 19,573 794 923 760 1,367 565 1,059 17.318 730 857 647 964 90 1,045 17.318 730 857 647 90 1,045 Legal and profosslonal Accountancy fees 13 2,940 13 2,940 3.140 3,140 25.041 3.140 28,181 21.651 2.953 24.604 An8ly8ed beeen Charitable acliviues 25,041 3,140 28,181 21,651 2,953 24.604 Induded In governan co818 Is the Indepen(Jenl Ex8mlMrs remuneration whl¢h 8moun18 to an Indepond$nl Examln8tlon feo of £3,14012022- £2,940}. 10 Trust••$ None of th9 ITusl8es (or any persons conneoted wlth Iheml recelved any remuneration or benefiis from the harSty durlng thè year. 11 Employ••$ Th& averago monthly number of employegs during the yaar was.. 2023 Number 2022 Number Adminislralion Employmont costs 2023 2022 Wage8 and salarfps other pension costs 19,250 323 16,996 320 19.573 17,318 There were no employee¥ whose annual remtJnÈration was more than £60,000. 16-
THE LEAGUE OF FRIENDS OF THE KIDDERMINSTER HOSPITALS NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2023 12 Net galnsl{loss•sl on inv•$tments Unr*$trlcted Unrestrict•d funds funds 2023 2022 Revaluatlon of Investments Gainll10551 on s@ of invgskngnts 118.5241 1105,8421 23.454 40,515 4.930 {65,3271 13 Taxatlon Th8 charlty18 exempt from tax on Ils chailt8ble acdvlle8. 14 Tanglbltr fix¢d ass Plant and équlpm•nt Cost Al 1 October 2022 Addllion8 12,194 770 At 30 September 2023 12,964 D•pr•¢latlon and Impalnnont Al 1 October 2022 Depreclatlon Charged In th8 ygBr 10,910 1.068 AI 30 Sèptember 2023 11,978 Cxrrying 4mount At 30 Septomber 2023 986 At 30 September 2022 1.284 17-
THE LEAGUE OF FRIENDS OF THE KIDDERMINSTER HOSPITALS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 15 Flxgd as$•t Investment$ Llsted Investments Cost orvaluation At 1 October 2022 Additions ValualSon changos Return of capital Dlsposals 645,145 110,698 118.5241 17,5001 195,4051 AI 30 Septembèr 2023 634,414 Carrylng amount At 30 September 2023 634,414 AI 30 September 2022 45,145 The falr value of118led Investment8 Ss dglemlned by reference lo the m8rkg1 value as 8130 Sèplembor 2023 as provlded by 8rewln Dolphln. 16 Stock8 2023 2022 Flnlshgd goods and goods for re8alg 2.469 2,584 17 Debtor$ 2023 2022 Amounts falling due wlthln ono year: Other d8btor# 3,843 2,211 18 Credltors: amounts falling due wilhln one year 2023 2022 Olhèr taxation and social securfty Trade Credliors Other creditors 4,025 2,346 4,860 194 1,798 4.675 11.231 6,667 18-
THE LEAGUE OF FRIENDS OF THE KIDDERMINSTER HOSPITALS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 19 Rostrletgd fvnd$ The Income funds of the charKy inGludg restricled funds comprising the followlng unexpended balances of donations and grants held on trust for speclfic purposes- Movement In funds Ih¢0mlng Ro¥ourcos vo6ourco$ èxpondèd 30 September 2023 Bal•n ut 1 October2021 Re¥our* Balanco at •xpendadq Oetober2022 Mlllbrook Sults (Leaoue funds) MlllbTook Suite {other) Prost8le care unil Wyre Ftsrèsl Communlty unll Breast ¢an¢gr dlnl¢ Endoscopy dep8rtment Physlolh¢rapy dopartmenl Ophthalmology Oep8rlment 23,543 4.954 200 23,543 2.240 200 12,6721 1691 20,871 2.171 2CN) 12,7141 294 204 20 18 11991 95 204 20 18 95 204 20 18 1,000 1,000 29,233 12.9131 26,320 1,000 12,741} 24,579 roo Thls repre8enl6 fund3 to be used In a unll SP1alls1ng In th8 treatment of pallents suff8rlng from cancer. This Tepreyents funds to be used for patlents 8uff8rlng from proslate can1, rtmttn Thls reprèsents funds to be u$gd for equlpmenl In the phy8ioth8rapy departmonl. This represents funds lo be used on thg Wyre Forest W8rd. Thls represents funds to be used on th8 Br8881 Cancer Clinic. co De artmenl This represents funds to bg us8d for endo8¢opy equipment. This represents funds to b8 usèd in tho Ophthalmology Department. 19-
THE LEAGUE OF FRIENDS OF THE KIDDERMINSTER HOSPITALS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 2D Do$ignated funds Thg Incom8 fund8 of the charity in¢lude tho followlng designated funds whl¢h have been sel aslde out of unreslricled fvnds by the trustees for speclflc purposes.- Movement In fund¥ Ineomlng r•¥gurG• Balance #t 1 O¢¢ober2021 Balance dt •xpond•d1 Oetobèr2022 Balanu at oxpfjnded 30 Sèplgmbqr 2023 R8V8luallon r8s8 Paedlalrlcs Thealie- MRI m8chlng Llbrary 8elf 8èNl¢e 8y818m 200,618 {94,7731 105,845 118,5241 87,321 84,567 11.723 84,567 11,723 200.618 194,773} 105,845 96,290 {18,S241 183.611 21 Analy$l$ of not assets betweon funds Unr06trlcted Restrl¢t•d 2023 2023 T¢)tal Unr&8trlct•d Rtrfet0d 2023 2022 2022 Total 2022 Fvnd balances 8130 Seplamber 2023 are represented by.. Tangible asse15 Investments Current 8sselsll119bllttlesl 986 634,414 337,843 1.284 645,145 75,482 1,284 645,145 101.802 634.414 362,422 24,579 26,320 973,243 24.579 997,822 721,911 26.320 748,231 22 Related party transactlons Thore were no dis¢l0s8ble Telaled paty tr¥ns8clion8 during the year {2022- none). -20-