**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**
- 1 -
## **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
- 2 -
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 qUaliftI. or with a vory stron9 local
b8¢Stground. All are elected al ourAnnual Genefal Meeting. but CeaSk)nalty see 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• U*rnln• 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:
- 1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements 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 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
- 4 -
## **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.
- 5 -
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 lbIlItI•*
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.
- 7 -
## **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.
- 8 -
## **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.
- 9 -
**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.
- 10 -
## **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.
- 11 -
## **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|
- 12 -
## **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|
- 13 -
## **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|
- 14 -
## **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.
- 15 -
## **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|
- 16 -
## **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.
- 17 -
## **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|
- 18 -
## **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.
- 19 -
## **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|
- 20 -
**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.
- 21 -
## **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).
- 22 -