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2024-09-30-accounts

Charity registration number 226536

THE LEAGUE OF FRIENDS OF THE KIDDERMINSTER HOSPITALS ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

THE LEAGUE OF FRIENDS OF THE KIDDERMINSTER HOSPITALS

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mrs Y Bannister
Miss S Driscoll
Mrs P Grainger
Mrs. M A Herbert
Mr P J Picken QPM (Vice Chairman)
Mr M J Shellie (Chairman)
Mr G Wheeler
Mr C S Joyce
Mrs M Steadman
Mrs J M Cox
Mrs P Kelly (Treasurer)
Mrs C Titley
Mrs N Worton
Mr D Middleton
Dr G Summers (Appointed 14 January
2025)
Charity number 226536
Principal address Kidderminster Hospital
Bewdley Road
Kidderminster
Worcestershire
United Kingdom
DY11 6RJ
Independent examiner Azets
St. Davids Court
Union Street
Wolverhampton
West Midlands
United Kingdom
WV1 3JE
Bankers CAF Bank Ltd
PO Box 289
Kings Hill
West Malling
Kent
United Kingdom
ME18 4TA
Solicitors mfg Solicitors LLP
Adam House
Birmingham Road
Kidderminster
Worcestershire
United Kingdom
DY10 2SH

THE LEAGUE OF FRIENDS OF THE KIDDERMINSTER HOSPITALS

LEGAL AND ADMINISTRATIVE INFORMATION

Investment advisors

Brewin Dolphin 9 Colmore Row Birmingham B3 2BJ United Kingdom

THE LEAGUE OF FRIENDS OF THE KIDDERMINSTER HOSPITALS

CONTENTS

Page
Trustees report 1 - 3
Independent examiner's report 4
Statement of financial activities 5
Balance sheet 6
Notes to the financial statements 7 - 22

THE LEAGUE OF FRIENDS OF THE KIDDERMINSTER HOSPITALS

TRUSTEES REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024

The trustees present their annual report and financial statements for the year ended 30 September 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's constitution dated 27 March 1963 (redrafted 2 December 1986), the Charities Act 2011 and "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

The main purpose of the League is to relieve patients and former patients of the Kidderminster Hospitals and other invalids in the community who are sick, convalescent, disabled, handicapped, infirm or in need of financial assistance and generally to support the charitable work of the said Kidderminster Hospitals.

The Trustees have referred to the guidance issued by the Charity Commission on public benefit when reviewing the aims and objectives of the charity and in planning future activities.

Achievements and performance

October 2023 saw the opening of our trading year; with only the coffee shop as our main source of income, we were worried about business and a shortage of volunteers. There were also concerns that a new shop coming to the main atrium of the hospital could adversely affect our trade over the coming months. This proved to be of no great concern as takings increased throughout the year, plus catering services provided to the Co-Lab well-being sessions have provided useful extra income. Book sales have also picked up to pre covid levels. None of this would be possible without the dedication and enthusiasm of the volunteers involved at all levels, as well as our administrator Natalie Mason helping whenever requested.

Our President Dr, Richard Taylor (the most dedicated of KHLOF Trustees) sadly passed away in June 2024 which came as a shock to many. Looking to the future, Richard’s replacement will be a matter of much discussion and thought by the Trustees, to find someone who demands as much respect in Wyre Forest district will not be easy.

Our investment portfolio with RBC Brewin Dolphin UK continues to perform well despite the World events, giving returns of 3.5% on average per annum. We have no reason to not see this level of return continuing into the future. This income, along with other returns under the watchful eye of our Treasurer Pat Kelly, means that we continue to provide money for improvements of all kinds to the hospital. Twenty-two requests for funding were received ranging from £61 for toys for the Children’s Clinic to £42,000 for scalp coolers on the Millbrook Suite, amounting to £155,766 over the year.

The Acute Trust have been expanding the Endoscopy Unit which opened in August 2024. The new state of the art unit will mean that people of the Wyre Forest and surrounding areas will have a walk-in walk-out centre at Kidderminster Hospital, meaning that local people don’t have to travel to Redditch or Worcester to receive early diagnosis of medical problems, a vital resource.

We will continue to work with the Worcestershire Acute NHS Trust to improve and develop services at Kidderminster Hospital in any way we can, for the Wyre Forest Community.

Thanks must be extended to every Volunteer and Trustee for their ongoing support and hard work to The League

of Friends.

We would thank our professional advisors; MFG LLP - solicitors, Azets – Chartered Accountants and RBC Brewin Dolphin – Investment Advisors, for their advice and services throughout the year.

We also acknowledge the help and advice offered throughout the year by hospital staff.

M J Shellie, Chairman July 2025

THE LEAGUE OF FRIENDS OF THE KIDDERMINSTER HOSPITALS

TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

Financial review

Now that the coffee shop has been open to its full capacity, the footfall has steadily improved and this is reflected in the considerable increase in takings, which totalled £92,011 by 30 September 2024.

Legacies and donations totalling £33,201 were received. An additional £1,246 raised from book sales.

Finance meetings are held quarterly in February, April, July and October with invites extended to Brewin Dolphin for just the April and October meetings.

We would like to thank our administrator, Natalie Mason, for her continued hard work in coordinating all office and volunteer requirements as well as supporting our various committees. There has been a change to the Chairman as Peter Picken has stepped down and we thank Peter for his unwavering support to the various committees. Mike Shelley has been appointed as the new chairman, and we are grateful to Mike for the hard work and commitment he has provided to the committee over the past 12 months. A new president, Dr Geoffrey Summers, has been appointed following the sad passing of Dr Richard Taylor who joined our charity in 1972. Dr Taylor will be greatly missed by all.

We continue to receive requests for funding on the Kidderminster site. All applications are carefully inspected before approval, and £155,766 was paid out to successful applicants.

Reserves policy

This year, the Committee has continued its reserves policy, whereby a substantial portion of the funds is retained and suitably invested. These investments now produce a monthly income stream to support our charity giving to the hospital. Further reserves are now invested with the Charity Aid Foundation to give us a competitive interest rate, and to add flexibility in our daily banking needs.

P Kelly, Treasurer 10th July 2025

Investment Policy

Our investment portfolio with Brewin Dolphin continues to provide a reliable source of income each month, with our reserves standing at £704,442. The portfolio has generated an annual income of £25,084 (an estimated annual yield of 3.5%). The portfolio continues to be managed on a low to moderate basis, with a bias towards providing an income return, in line with our long-term investment strategy. A copy of our full Investment Policy can be obtained from the League of Friends office. The Finance committee will review the policy with the investment manager on a Quarterly basis.

The Trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Plans for the future

The Trustees will continue to review all aspects of the charity finances, so that the objectives of the charity can be maintained.

With the continued uncertainty surrounding the NHS the Trustees will remain mindful of the possible long-term effect on local healthcare.

During the forthcoming year the League will endeavour to enlist the services of more volunteers to assist with our various projects.

Structure, governance and management

The League was established by its constitution dated 27 March 1963 which was redrafted on 2 December 1986.

The Trustees who served during the year and up to the date of signature of the financial statements were: Mrs Y Bannister Miss S Driscoll Mrs P Grainger Mrs. M A Herbert

THE LEAGUE OF FRIENDS OF THE KIDDERMINSTER HOSPITALS TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Mr P J Picken QPM IVTh Chaimi8n) Mr M J Sh811￿ Ichaimianl Mr G Whaal&r Mr C S Joyce Mr# M Stè8dm8n MrsJMCox Mrs P Kelly ITr8asurerl Mrs C Trttey Mr8 N Worton Mr D Middlaton Dr R T Taylor FRCP MBE Dr G Summe IDèee8sed 26 JLTrne 2024) (Appointed 14 January 20251 Naw commltteg m8mbors li.8. Tntsleesl awe Fwle eilher med￿1 qUalif￿tI￿. or with a vory stron9 local b8¢Stground. All are elected al ourAnnual Genefal Meeting. but C￿eaSk)nalty se￿e on a I￿)pted b8s1s b8forehand. All Trusts88 are provided with the follow'rwJ: Hlstory arKI backgroun¢J infom)ation A copy of the constituts.on A copy of the pwovious years accounts and r¢pJ1 A copy of th• last 80801 minutes The administration ol lh8 L8agu& is nomaty ￿rried out by a manag8menl commiitee govemed by its objectiv9$ and rules. mfjollng monthly to be updated with affairs. aThJ lo 0x0mi￿ and d&cKlo upon rtquests for support from hosprtal units. Oudng thi8 pedcd, IN8tee8 have been ojnsul￿￿ on koy by t￿ chaimw) wthen approprtate and hav been giv8n opportunrties to have an Inpul Inlo inwtant dedsbns. Impllcatlan8 of th• Urnln• Invathn on •)ur Ch•rlty The Trustees tak6 advice from Br6wn Dolphin. our Investment advisus. and ensurg our Investment Portfollo Is In ￿0({lanCe wth ujr F*Jlicy. We reuJgni8è th81 in the curwt sriuthn there is a an in¢ye8s8 in uncertainty and risk. to Ihe bioad spread of inveslments we are not likety to be disadvantaged greauy. History has shovm that equities have b88n rnsiliont dyiing kwiod5 of ￿S13 in th• past and wè continug to take advice frc(n cwjr Indèp8ThJ•nt Finanoal Adw'50r5. The Trusteos rerM)rt approv￿ by the Board ofTrustees. Mr M J Sh•lli• {Chaimwn) Trustee Dated.. 5 Seplember ￿125

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 to the trustees on my examination of the financial statements of The League of Friends of the Kidderminster Hospitals (the charity) for the year ended 30 September 2024.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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 financial statements to be reached.

Helen Tinsley FCCA Azets

St. Davids Court Union Street Wolverhampton West Midlands WV1 3JE United Kingdom

Dated: 5 September 2025

THE LEAGUE OF FRIENDS OF THE KIDDERMINSTER HOSPITALS

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 SEPTEMBER 2024

Unrestricted
Restricted
funds
funds
2024
2024
Notes
£
£
Income from:
Donations and
legacies
3
32,701
500
Other trading activities
Coffee shop
4
92,011
-
Book sales
4
1,246
-
Online sales
4
-
-
Investments
5
31,580
-
Total income
157,538
500
Expenditure on:
Raising funds
Trading costs
6
95,394
-
Investment
management costs
6
6,416
-
101,810
-
Other expenditure
Equipment grants
7
146,559
21,883
Total charitable
expenditure
146,559
21,883
Total expenditure
248,369
21,883
Net gains/(losses) on
investments
12
55,381
-
Net movement in funds
(35,450)
(21,383)
Fund balances at 1 October
2023
973,243
24,579
Fund balances at 30
September 2024
937,793
3,196		 As restated
As restated
Total
Unrestricted
Restricted
Total
funds
funds
2024
2023
2023
2023
£
£
£
£
33,201
284,529
1,000
285,529
92,011
79,131
-
79,131
1,246
1,086
-
1,086
-
94
-
94
31,580
28,718
-
28,718
158,038
393,558
1,000
394,558
95,394
83,753
-
83,753
6,416
6,491
-
6,491
101,810
90,244
-
90,244
168,442
56,912
2,741
59,653
168,442
56,912
2,741
59,653
270,252
147,156
2,741
149,897
55,381
4,930
-
4,930
(56,833)
251,332
(1,741)
249,591
997,822
721,911
26,320
748,231
940,989
973,243
24,579
997,822		 As restated
As restated
Total
Unrestricted
Restricted
Total
funds
funds
2024
2023
2023
2023
£
£
£
£
33,201
284,529
1,000
285,529
92,011
79,131
-
79,131
1,246
1,086
-
1,086
-
94
-
94
31,580
28,718
-
28,718
158,038
393,558
1,000
394,558
95,394
83,753
-
83,753
6,416
6,491
-
6,491
101,810
90,244
-
90,244
168,442
56,912
2,741
59,653
168,442
56,912
2,741
59,653
270,252
147,156
2,741
149,897
55,381
4,930
-
4,930
(56,833)
251,332
(1,741)
249,591
997,822
721,911
26,320
748,231
940,989
973,243
24,579
997,822
394,558
83,753
6,491
90,244
59,653
59,653
149,897
4,930
249,591
748,231
997,822

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

THE LEAGUE OF FRIENDS OF THE KIDDERMINSTER HOSPITALS BALANCE SHEEr AS AT30 SEPTEMBER 2024 21)24 21123 Flxed assets Tangib￿ assets Investmenis 15 16 2.650 704,442 986 634.414 707.092 635,4tio Current a•8et8 Stocks Debtor8 Cash al bank and in hand 11 18 3,288 3.670 236.710 2,469 3,843 367.341 243.668 373,653 ¢r•dltor•: amount• falllng du• wlthln ono ywr 19 19.771} {11,2311 Nat current 88sets 233.897 362,422 Total a•••ts l••s curr•nl l￿bIlItI•* 940.989 997,822 Incom• fund• Restrfctsd funds 3,196 24,579 Designated funds General unf8slrscted fun¢Js 21 133,221 804,572 183,611 789.632 937,793 973.243 940.989 997,822 Th8 flnancial statements w&r8 apKKoved by the TfLthes on 5 Septemtjer 2W25 Mr M J shell￿ IChaiTmanl Trust•• Mrs P Kolty (Treagnr) MA SL,11,

THE LEAGUE OF FRIENDS OF THE KIDDERMINSTER HOSPITALS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

1 Accounting policies

Charity information

The League of Friends of the Kidderminster Hospitals is a charity established by its constitution dated 27th March 1963 which was redrafted on 2nd December 1986.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's [governing document], the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements 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 Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

The charity is a public benefit entity.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity 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 2024

1 Accounting policies

(Continued)

For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. At this point income is recognised. On occasion legacies will be notified to the charity however it is not possible to measure the amount expected to be distributed. On these occasions, the legacy is treated as a contingent asset and disclosed.

Donated facilities are included in the accounts at a notional figure where the trustees are able to estimate the value of the facilities received.

Government grants are recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Takings from the coffee shop and refreshment trolley are recognised as income when received.

Investment income is earned through holding assets for investment purposes such as shares and cash. It includes dividends and interest. Where it is not practicable to identify investment management costs incurred within a scheme with reasonable accuracy the investment income is reported net of these costs. It is included when the amount can be measured reliably. Interest and dividend income is recognised as the charity’s right to receive payment is established.

No amount is included in the financial statements for volunteer time in line with the SORP. Further detail is given in the Trustees' Annual Report.

1.5 Expenditure

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably.

Cost of raising funds includes the investment management costs.

Other trading expenditure includes costs of trading for fundraising purposes including the charity's coffee bar and refreshment trolley.

Expenditure on charitable activities comprise those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both grants payable and those costs of an indirect nature necessary to support them, together with the governance costs.

Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs, administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity. Where support costs cannot be directly attributed to particular headings they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the resources. Overheads have been allocated evenly across all activities.

Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.

Grants payable to third parties are within the charitable objectives. Where unconditional grants are offered, these are accrued as soon as the recipient is notified of the grant, as this gives rise to a reasonable expectation that the recipient will receive the grants. Where grants are conditional relating to performance then the grant is only accrued when any unfulfilled conditions are outside of the control of the charity.

THE LEAGUE OF FRIENDS OF THE KIDDERMINSTER HOSPITALS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

1 Accounting policies

(Continued)

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment

20% on cost

Individual assets under £200 are not capitalised.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.

1.7 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs. Subsequently, they are measured at fair value with changes recognised in ‘net gains / (losses) on investments’ in the SoFA if the shares are publicly traded or their fair value can otherwise be measured reliably. Transaction costs are expensed as incurred.

1.8 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.9 Stocks

Stocks are stated at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

1.10 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, and other short-term liquid investments with original maturities of three months or less.

1.11 Financial instruments

The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments.

Basic financial instruments are initially recognised at transaction value and subsequently measured at their fair value or settlement value.

1.12 Taxation

The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.

THE LEAGUE OF FRIENDS OF THE KIDDERMINSTER HOSPITALS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

1 Accounting policies

(Continued)

1.13 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.14 Retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

1.15 Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The trustees do not consider that the financial statements are subject to any significant judgements or key accounting estimates.

THE LEAGUE OF FRIENDS OF THE KIDDERMINSTER HOSPITALS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

3 Donations and legacies

Unrestricted
Restricted
funds
funds
2024
2024
£
£
Donations and gifts
9,201
500
Legacies receivable
20,000
-
Donated goods and services
3,500
-
32,701
500		 Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
9,701
7,934
1,000
20,000
273,095
-
3,500
3,500
-
33,201
284,529
1,000		 Total
2023
£
8,934
273,095
3,500
285,529

Donated goods and services

Donated goods and services consists of rent for the Coffee shop.

THE LEAGUE OF FRIENDS OF THE KIDDERMINSTER HOSPITALS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

4 Other trading activities

Coffee shop Book sales Total Coffee shop Book sales Online sales Total
2024 2023
2024 2024 2023 2023 2023
£ £ £ £ £ £ £
Sales 92,011 1,246 93,257 79,131 1,086 94 80,311

THE LEAGUE OF FRIENDS OF THE KIDDERMINSTER HOSPITALS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

5 Investments

**Unrestricted ** Unrestricted
funds funds
2024 2023
£ £
Income from listed investments 24,977 24,902
Interest receivable 6,603 3,816
31,580 28,718

6 Raising funds

**Unrestricted ** Unrestricted
funds funds
2024 2023
£ £
Trading costs
Purchases & other direct costs 70,154 62,010
Sundry expenses 1,110 647
Rent, rates & utilities 3,855 3,877
Depreciation and impairment 886 1,068
Support costs 19,389 16,151
Trading costs 95,394 83,753
Investment management costs 6,416 6,491
101,810 90,244

THE LEAGUE OF FRIENDS OF THE KIDDERMINSTER HOSPITALS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

7 Other expenditure

Other expenditure
As restated
Equipment Equipment
grants grants
2024 2023
£ £
Grant funding of activities (see note 8) 155,766 47,623
Share of support costs (see note 9) 11,554 10,648
Share of governance costs (see note 9) 1,122 1,382
168,442 59,653
Analysis by fund
Unrestricted funds 146,559 56,912
Restricted funds 21,883 2,741
168,442 59,653

THE LEAGUE OF FRIENDS OF THE KIDDERMINSTER HOSPITALS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

8 Grants payable

Equipment grants Equipment grants Equipment grants Equipment grants
2024 2023
£ £
Grants to institutions:
MIU Scrub Tops - 153
Theatres Recovery Suite - 2,184
Cardiopulmonary - 11,308
Co - Lab Coffee Machine - 3,000
Dermatology Dept - Air Vac - 2,675
MIU - Childrens Play Area - 6,065
Renal Units - 2 TVs 284 255
WF Ward - Bladder Scanner - 4,562
Maternity Hub - Birthing Pool - 243
The Hub - VR System - 13,204
Urology Cupboard - 1,233
Millbrook Suite - Kitchen equipment - 2,741
Children's Clinic - Play food/toys for waiting area 61 -
Anaesthetists Dept - Ultrasound Scanner 27,930 -
Millbrook Suite - Staff fridge 269 -
Cardiopulomary - ECGs Flashcards 13,712 -
Dermatology Dept - Hyfrecator 1,893 -
Dermatology Dept - Forceps 300 -
Library - Self Service System 11,135 -
Library - Syaffpods 588 -
Millbrook Suite - Fridge 229 -
Millbrook Suite - Scalp Coolers 42,146 -
MIU - Christmas Decorations & Microwave 216 -
Orthodontics - Software Update 4,012 -
Outpatients - Gynae Chair 2,789 -
Fabius MRI 36,067 -
Ward 1/theatres - VR Headset 7,458 -
WF Ward - Medical Trolley 218 -
WF Ward - Bed sensor pads for overbed trollies 1,714 -
WF Ward - TOTO Lateral System 2,503 -
WF Ward - Cushion Chair Pads 1,411 -
Oncology Clinical Trials Dept - Staff Counter Top fridge 110 -
Milbrook Suite - Trolley, Kettle & Water Dispenser for volunteer
services 292 -
WF Ward - Replacement Castors & Fitting (overbed trollies) 429 -
155,766 47,623

All grants payable are hospital appropriations made to Kidderminster Hospitals.

THE LEAGUE OF FRIENDS OF THE KIDDERMINSTER HOSPITALS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

9 Support costs

Support
costs
Governance
costs
£
£
Staff costs
21,861
-
Depreciation
184
-
Telephone & broadband
792
-
Postage and stationery
1,045
-
Sundry
776
-
Subscriptions
812
-
Bank charges
1,424
-
Insurance
1,137
-
Accountancy fees
-
3,276
Fines & penalties
-
758
28,031
4,034
Analysed between
Trading
16,477
2,912
Charitable activities
11,554
1,122
28,031
4,034		 As restated As restated As restated
2024
Support
costs
Governance
costs
2023
£
£
£
£
21,861
19,573
-
19,573
184
-
-
-
792
794
-
794
1,045
923
-
923
776
760
-
760
812
1,367
-
1,367
1,424
565
-
565
1,137
1,059
-
1,059
3,276
-
3,140
3,140
758
-
-
-
32,065
25,041
3,140
28,181
19,389
14,393
1,758
16,151
12,676
10,648
1,382
12,030
32,065
25,041
3,140
28,181		 As restated As restated As restated
2024
Support
costs
Governance
costs
2023
£
£
£
£
21,861
19,573
-
19,573
184
-
-
-
792
794
-
794
1,045
923
-
923
776
760
-
760
812
1,367
-
1,367
1,424
565
-
565
1,137
1,059
-
1,059
3,276
-
3,140
3,140
758
-
-
-
32,065
25,041
3,140
28,181
19,389
14,393
1,758
16,151
12,676
10,648
1,382
12,030
32,065
25,041
3,140
28,181
28,181
16,151
12,030
28,181

Included in governance costs is the Independent Examiners remuneration which amounts to an Independent Examination fee of £1,638 (2023 - £1,570). There is also £1,638 (2023 - £1,570) included in governance costs which relates to other accounting services.

10 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

11 Employees

The average monthly number of employees during the year was:

2024 2023
Number Number
Administration 1 1

THE LEAGUE OF FRIENDS OF THE KIDDERMINSTER HOSPITALS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

11
Employees
Employment costs
Wages and salaries
Social security costs
Other pension costs		 (Continued)
2024
2023
£
£
24,235
22,750
979
147
502
553
25,716
23,450		 (Continued)
2024
2023
£
£
24,235
22,750
979
147
502
553
25,716
23,450
23,450

There were no employees whose annual remuneration was more than £60,000.

12 Net gains/(losses) on investments

**Unrestricted ** Unrestricted
funds funds
2024 2023
£ £
Revaluation of investments 8,700 (18,524)
Gain/(loss) on sale of investments 46,681 23,454
55,381 4,930

13 Taxation

The charity is exempt from tax on its charitable activities.

14 Prior period adjustment

The prior period adjustment relates only to a presentational change in relation to expenditure categories. There is no adjustment to overall values.

THE LEAGUE OF FRIENDS OF THE KIDDERMINSTER HOSPITALS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

15 Tangible fixed assets
Plant and equipment
£
Cost
At 1 October 2023 12,964
Additions 2,734
At 30 September 2024 15,698
Depreciation and impairment
At 1 October 2023 11,978
Depreciation charged in the year 1,070
At 30 September 2024 13,048
Carrying amount
At 30 September 2024 2,650
At 30 September 2023 986

THE LEAGUE OF FRIENDS OF THE KIDDERMINSTER HOSPITALS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

16 Fixed asset investments

Listed
investments
£
Cost or valuation
At 1 October 2023 634,414
Additions 186,579
Valuation changes 8,346
Disposals (124,897)
At 30 September 2024 704,442
Carrying amount
At 30 September 2024 704,442
At 30 September 2023 634,414

The fair value of listed investments is determined by reference to the market value as at 30 September 2024 as provided by Brewin Dolphin.

THE LEAGUE OF FRIENDS OF THE KIDDERMINSTER HOSPITALS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

17
Stocks
Finished goods and goods for resale
18
Debtors
Amounts falling due within one year:
Other debtors
19
Creditors: amounts falling due within one year
Other taxation and social security
Trade creditors
Other creditors		 2024
£
3,288
2024
£
3,670
2024
£
1,824
2,868
5,079
9,771		 2023
£
2,469
2023
£
3,843
2023
£
4,025
2,346
4,860
11,231

THE LEAGUE OF FRIENDS OF THE KIDDERMINSTER HOSPITALS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

20 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Movement in funds Movement in funds
Balance at Incoming Resources Balance at Incoming Resources Balance at
1 October 2022 resources expended 1 October resources expended 30 September
2023 2024
£ £ £ £ £ £ £
Millbrook Suite
(League funds) 23,543 - (2,672) 20,871 - (20,871) -
Millbrook Suite
(other) 2,240 - (69) 2,171 500 (974) 1,697
Prostate care unit 200 - - 200 - - 200
Wyre Forest
Community unit 95 - - 95 - (20) 75
Breast cancer clinic 204 - - 204 - - 204
Endoscopy
department 20 - - 20 - - 20
Physiotherapy
department 18 - - 18 - (18) -
Ophthalmology
Department - 1,000 - 1,000 - - 1,000
26,320 1,000 (2,741) 24,579 500 (21,883) 3,196

Millbrook Suite

This represents funds to be used in a unit specialising in the treatment of patients suffering from cancer.

Prostate Care Unit

This represents funds to be used for patients suffering from prostate cancer.

Physiotherapy Department

This represents funds to be used for equipment in the physiotherapy department.

Wyre Forest Community Unit

This represents funds to be used on the Wyre Forest Ward.

Breast Cancer Clinic

This represents funds to be used on the Breast Cancer Clinic.

Endoscopy Department

This represents funds to be used for endoscopy equipment.

Ophthalmology Department

This represents funds to be used in the Ophthalmology Department.

THE LEAGUE OF FRIENDS OF THE KIDDERMINSTER HOSPITALS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

21 Designated funds

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:

Movement in
Balance at
1 October 2022
Incoming
resources
£
£
Revaluation reserve
105,845
-
Paediatrics Theatre - MRI
machine
-
84,567
Library self service system
-
11,723
105,845
96,290
22
Analysis of net assets between funds
Unrestricted
Restricted
2024
2024
£
£
Fund balances at 30
September 2024 are
represented by:
Tangible assets
2,650
-
Investments
704,442
-
Current assets/(liabilities)
230,701
3,196
937,793
3,196		 funds
Resources
expended
Balance at
1 October 2023
Resources
expended
Balance at
30 September
2024
£
£
£
£
(18,524)
87,321
(2,600)
84,721
-
84,567
(36,067)
48,500
-
11,723
(11,723)
-
(18,524)
183,611
(50,390)
133,221
Total Unrestricted
Restricted
Total
2024
2023
2023
2023
£
£
£
£
2,650
986
-
986
704,442
634,414
-
634,414
233,897
337,843
24,579
362,422
940,989
973,243
24,579
997,822		 funds
Resources
expended
Balance at
1 October 2023
Resources
expended
Balance at
30 September
2024
£
£
£
£
(18,524)
87,321
(2,600)
84,721
-
84,567
(36,067)
48,500
-
11,723
(11,723)
-
(18,524)
183,611
(50,390)
133,221
Total Unrestricted
Restricted
Total
2024
2023
2023
2023
£
£
£
£
2,650
986
-
986
704,442
634,414
-
634,414
233,897
337,843
24,579
362,422
940,989
973,243
24,579
997,822
133,221
Total
2023
£
986
634,414
362,422
997,822

23 Related party transactions

There were no disclosable related party transactions during the year (2023 - none).