Charity registration number 247336
FRIENDS OF LEWES VICTORIA HOSPITAL
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

FRIENDS OF LEWES VICTORIA HOSPITAL
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr S J B Baillie-Hamilton
Ms J Clark
Dr R Ross
Mr C Kneale
Ms C Ferguson
Mrs J A Mcclelland
Mrs D Freestone
Mrs S Pearson
Mrs L Walton
Mrs J Sallis
(Appointed 24 April 2023>
(Appointed 18 March 2024)
Charlty number
247336
Principal a￿d￿sS
Nevill Road
Lewes
East Sussex
BN71PE
Independent examiner
Knill James LLP
One Bell Lane
Lewes
East Sussex
BN7 1JU
Bankers
Bardays Bank PIC
Leicester
Leicestershire
LE87 2BB
Investment advisors
Charles Stanley & Co Ltd
14 Hyde Gardens
Eastbourne
East Sussex
BN214PR

FRIENDS OF LEWES VICTORIA HOSPITAL
CONTENTS
Page
Trustees, report
Independent examiner's report
Statement of financial activities
Balance sheet
Notes to the financial statements
9-15

FRIENDS OF LEWES VICTORIA HOSPITAL
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The trustees present their annual report and financial statements for the year ended 31 March 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 charily's governing document, the Charities Act 2011 and 'Accounling and
Reporting by Charities: Slatement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS
1021" {effective 1 January 2019}.
Objectives and activities
The principal objectives as defined in the Constitution of the charity are'.-
a) To mobilise, encourage, foster and maintain the interest of the public in the patients and staff and support the
work of the Lewes VIGtoria Hospital by means of voluntary service.
b) To mainlain the relations and association which exist between voluntary bodies and the Lewes victoria Hospital
and to provide opportunity for such voluntary bodies to continue their activities for the benefit of the Lewes Victoria
Hospital.
c} To provide funds for the purpose of supplementing in such manner as the Friends of Lewes Wictoria Hospital think
fit the resources of the hospital and local healthcare providers that support it
d) To recruit and assist in the recruitment of voluntary workers in and for the hospital.
Funds are raised from fundraising events, collecting boxes located in the area, by donations by cash. via BACS,
cheque or standing order and via the Friends of Lewes Victoria Hospital (FOLVH) website which provides facilities
to donate online. A contadless card donation unit has been installed at the Urgenl Treatment Centre and additional
ways of making it easier for donors to make donations contsnue to be explored. FOLVH also benefits from legacies
and donations made by patients at the Victoria Hospital and by their relatives.
Vvhere the availability of NHS funds allows, major projects and purchases are financed jointly with the controlling
NHS Trust.
FQLVH operates a policy whereby it does not finance any item or projecl which would commit the charity to an
ongoing funding requirement since there is no guarantee of future income to cover such costs. These are
considered to fall under the heading of 'revenue' expenditure and are considered to be the responsilility of the
controlling NHS Trust. They would include such items as ongoing maintenance contracts for equipment purchased
and Ihe employment of staff.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the
charity should undertake.
During the year FOLVH paid for
Intermediate Care Unit replacement conservatory and landscaping - £96,779
Oulpatienl and Theatre Waiting Room chairs £5,340
Garden furniture - £708
Bedside cabinets- £8,231
Paintings in Hospital rental £3,024
Staff Christmas Hampers- £701
FOLVH has also committed to fund:
Topcon OCD Machine for ophthalmic clinic- £29,216
RiserlRecliner chairs - £4,450
Operating Trolleys x 2 - £18,228
Replacement DXA scanner- £68,950
Operating theatre lights and camera - £29.209
PCN testing device - £6,600

FRIENDS OF LEWES VICTORIA HOSPITAL
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Financial review
Reserrfes policy
With the exception of the Beatrice Braban endowment, the net assets of the Charity are held as unrestricted funds
other than a proportion which may, at Ihe discretion of the Trustees, be held in a period investment The Trustees
recognise that the policy should reflect the ongoing and long-term nature of the charity and, as such, have carried
out a review of the likely costs of running the charity. Following this review, the Trustees consider that investments
should be held at a level to ensure that they would have adequate income to maintain the running of the charity.
The Trustees are actively working with the management of Lewes Victoria Hospital and with the Trusts contracted to
run services at Lewes Victoria to establish the utilisation of unrestricted funds over and above the requirement that
is necessary to maintain the running of the charity
Investment Pollcy
Prlncipal Objective
The principal investment objective of the FOLVH is to maintain a balance between income and capital growth of
funds bequeathed or donated and to ensure funds are readily available to meet projects which it decides to support.
The income requirement should not erode the potential to maintain or increase the capitsl value in real terms.
Investment Management
The investment portfolio is managed on a fully discretionary basis by Charles Stanley & Co Limited (Charles
Stanley) who act as the Trustees nominee. An investment risk assessment has been undertaken in conjunction with
Charles Stanley which has concluded that a MediumlLow risk approach should be followed. Funds are held within a
broad portfolio of investments and cash deposits in order to spread risk and allow a quick response to market
changes. An investment manager from Charles Stanley attends meetirtrgs of the Finan￿ Committee to review the
investment portfolio and risks, present investment management reports and provide valuations.
Beatrlce May Braban Endowment
Funds are applied for the benefit of the hospital in accordance with the Will of Beatrice Braban, which requires the
capital sum to be invested and only the income used for the benefit of the hospital. Investments are managed as
part of the charity's overall investment portfolio but ring fenced and kept separate. The value of the investments and
the income arising from them are separately reported.
Decision Making and Implementation
The Finance and Risk Committee (comprising the Chair, Treasurer and other members of the Executive
Committee) meets ￿lce a year to review how investments are managed within the overall framework of the
investment policy, in conjunction with the investment manager from Charles Stanley. The financial position of the
charity is reviewed at each Executive Committee meeting.
General
At least £500,000 in investments or cash which can be realised on giving no greater than 3 months. notice without
significant penalty is maintained.
Ethlcal Restrictions
Investments in companies with significant involvement with the tobacco, gambling or arms industries are avoided
wherever possible.
Reporting
Charles Stanley provides online facilities to allow the Treasurer to view details of the investment portfolio, its value,
dividends paid and management charges incurred. Statements of account, valuations and other reports are sent
regularly to the Treasurer throughout the year. Trustees receive quarterly investment perforniance reports.
Investment Statements and reports as required for examination of the annual accounts and the Annual Report are
also provided.

FRIENDS OF LEWES VICTORIA HOSPITAL
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Rlsk Management
Trustees collectively manage risks through the Executive Committee and in accordance with the Risk Management
Policy. A register of risks is maintained and Trustees aclively review the major risks which the charity fa￿S at each
Finan￿ and Risk Committee and Executive Committee meeting. If required, outside professional experts are
engaged to advise how mitigation of risks that fall beyond the knowledge and experience of Trustees should be
managed. The Trustees have also examined other operational and business risks fa￿d by FOLVH and confirm that
they have established risk management systems to mitigate significant risks.
Trustees consider that maintaining the level of the free reserve5, professional management of its investment
portfolio combined with quarterly reviews of financial performance will provide sufficient resources in the event of
adverse conditions.
Plans for future periods
NHS Sussex was established in 2022 as an Integrated Care Board {ICB). The ICB is responsible for inproving the
way the NHS plan and pay for local servI￿s, and better support local health and care organisations to give people
the care they need. NHS Sussex fomis part of Sussex Health and Care, a new Integrated Care System that aims to
help..
Support people to live for longer in good health.
Make sure our disadvantaged communities get the care they need.
Improve people's experience of using services.
Better support health and care staff.
Make better use of resources available.
The ICB is responsible for commissioning all Community Care services in our area and the delivery of services at
the Lewes Victoria Hospital is currently provided by The Sussex Community NHS Trust (SCT), University Hospitals
Sussex NHS Trust (USH) and East Sussex Healthcare NHS Trust IESHT} NHS Property Services Ltd own the
premises and are responsible for maintaining them_
AII NHS Trusts continue to face a challenging financial climate and the role of FOLVH in providing funds for
improving facilities, services and equipment at the hospital remains vital.
FOLVH will continue to maintain close links with the SCT, USH, ESHT and all other Service Providers at the Victoria
Hospital and Lewes Victoria Hospital personnel in order to determine priorrties for the expenditure of the charity's
fvnds. The overall aim will however continue to be to help the Victoria Hospital to remain Ilexible in its ability to
provide the most effective, efficient and up to date treatmenvservice for the local population as possible.
Following the 21 June 2022 amendment to the Objects of the charily, approved by the Charity Commission, fvnding
has been extended to projects promoted by local healthcare providers that support the hospital and ftjnding of
fijrther community projects is being explored.
th the increasing demands on the healthcare service and the cost of living impact. it is essential for Trustees to
review their approach and ensure they continue lo provide support to improve the health of our commmity A three
year strategy has been developed and approved by Trustees. The Strategy sets out how FOLVH will adapt from a
Chartty that has operated within a largely stable NHS service environment stsffed by a local clinical Community, to
a more of a transient 'Health Hub, NHS services model. The Strategy aims to continue to deliver Ihe purpose set
out in the Constitution by carrying out the following..
Adapt to raise funds in a more competitive fundraising environment
Adapt how we collaborate with NHS Trusts based on the move to more business like large centralised
organisations
Increase the visibility of the benefits of the hospital including the role of FOLVH in the local community
Expand our support to wider care services that aim to prevent poor heath or improve health outcomes
induding a new direction of a wider speclrum of health and social care
Adapt our policies to meet the new direction of the Chartty in line with Charity Commission guidelines
Support the Trustees and Volunteers to meet the new challenges

FRIENDS OF LEWES VICTORIA HOSPITAL
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
The trustees, report was approved by the Board of Trustees.
Mrs L Walto
Trustee
Date..

FRIENDS OF LEWES VICTORIA HOSPITAL
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Structure, governance and management
The trustees act under the 'Objects and Rules, of Ihe League of Friends adopted 7 March 1966 as amended 29 May
1997, 27 May 1998 and 25 May 2016, 21 October 2021 and 21 June 2022.
The Irustees who served during the year and up to Ihe date of signature of the financial statements were..
Mrs P Richards
(Resigned 19 July 2023)
Mr S J B Baillie-Hamilton
Ms J Clark
Dr R Ross
Mr C Kneale
Ms C Ferguson
Mrs J A Mcclelland
Mrs D Freestone
Mrs S Pearson
Mrs L Walton
Mfs J Sallis
(Appointed 24 April 2023)
(Appointed 18 March 2024)
The Trustees are the members for the time being of the Executive Committee of FOLVH. The Chair is appointed
initially for a term of 5 years, which may be extended for a further term of 5 years or on an annual basis at an
Annual General Meeting. The Treasurer of the FOLVH is elected at an Annual General Meeting and is a member of
the Committee, which fixes the period of their appointment. The Committee may at any time remove the Treasurer
from office and appoint some other person in their place.
Upon election, a new Trustee is sent a copy of the Charity Commission's publication "The Essential Trustee, What
you need to know" which explains their duties as a Trustee. They also receive a copy of the charity's Annual Report
and Financial Statements, the Financial Policy. the Investment Policy, Risk Management Policy and Serious
Incident Reporting Policy, together with a verbal inlroduction to the workings and objectives of the FOLVH. Atour of
the Vicloria Hospital is organised by arrangement with the Hospital management to meet the staff and to ensure
familiarity with Ihe facilities, the current and anticipated pattern of health care provision at the hospital and any
known needs with which FOLVH may be able to assist.
The Treasurer Presents an interim financial investment statement. financial analysis and commentary lo the
quarterly Executive Committee meetings where any applications from the hospital management for funding are
considered. Decisions are confirmed in writing.
Additionally al the meetings, the Truslees agree the broad strategy and areas of activity for FOLVH. Specific
consideration is given to the current financial status of FOLVH, risk management. fund raising activities,
organisational matters, and any per￿1Ved changes in the pattern of need or giving and to matters relating to the
NHS structure andlor service provision which may impact on the activities of FOLVH or calls on its funds.
A Finance and Risk sub-committee is appointed by the Trustees to assist the Treasurer in reviewing the risks to
investments, the level of cash funds and. following consultation with the charity's investment advisers, proposing to
Ihe Trustees recommendations for any change in the overall investment strategy.
FOLVH has implemented an Investment Policy, a Finanaal Policy, a Risk Management Policy and a Serious
Incident Reporting Policy, which set oul the internal financial and management controls for the charity- Each policy
is subject to review on a regular basis.
FOLVH is a member of the National Association of Leagues of Friends.

FRIENDS OF LEWES VICTORIA HOSPITAL
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF FRIENDS OF LEWES VICTORIA HOSPITAL
I report to the trustees on my examination of the financial statements of Friends of Lewes Victoria Hospital (the
charity) for the year ended 31 March 2024.
Responslbllltles and basls of report
As the trustees of the charity you are responsible for the preparation of the financial ststemenls in accordance with
the requiremenls of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity's financial statements carried out under seclion 145 of the 2011
Act. In carrying out my examinalion I have followed all the applicable Directions given by the Charity Commission
under section 145{5)(b} of the 2011 Act.
Independent examinerfs statement
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounling
and Reporling by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable
in the UK and Republic of Ireland (FRS 102) in Pfeference to the Accounting and Reporting by Charities.. Statement
of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been
withdrawn.
l understand that this has been done in order for financial statements to provide a true and fair view in accordance
with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
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-
accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act., or
the financial stalements do not accord with those records., or
the financial statements do not comply with the applicable requirements concerning the fom) 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 hav
sho
no con
dbed
nsan
in thi
have come across no other matters in connection with the examination to which attention
report in order to enable a proper understanding of the financial statements to be reached.
Nicholas Rawson FCA
Knill James LLP
One Bell Lane
Lewes
East Sussex
BN7 1JU
Dated: .
IoL4

FRIENDS OF LEWES VICTORIA HOSPITAL
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2024
Unrestricted Endowment
funds
funds
2024
2024
Total Unrestricted Endowment
funds
funds
2023
2023
Total
2024
2023
Notes
Income from:
Donations and legacies
Other trading activities
Investments
9,993
8,193
70,035
9,993
8,193
70,035
21,172
1.646
48,551
21,172
1,646
48.551
Total Income
88,221
88,221
71,369
71,369
Expenditure on:
Raising funds
Charitable activities
13,505
151.332
13.505
151.332
13,732
(12,701}
13,732
(12.701)
Total expenditure
164,837
164,837
1,031
1,031
Nel gainsl{lossesl on
investments
43,212
9,364
52,576
{103,447)
{20,589) 1124,036)
Net sncomel(expenditure) and
movement in funds
(33,4041
9,364
124,040)
{33,109)
120.5891
153,698)
Reconciliation of funds:
Fund balances at 1 April 2023
1.901.172
240,500 2,141,672
1,934,281
261.089 2,195,370
Fund balances at 31 March
2024
1.867.768
249,864 2,117,632
1,901,172
240.500 2,141,672

FRIENDS OF LEWES VICTORIA HOSPITAL
BALANCE SHEET
AS AT31 MARCH 2024
2024
2023
Notes
Fixed assets
Investmenls
11
1,661.545
1,614,412
Current assets
Debtors
Cash at bank and in hand
12
3,368
622,108
2,154
661.323
625,476
663,477
Creditors: amounts falling due wlthln
one year
13
(169,389)
(136,2171
Net current assets
456,087
527,260
Total assets less current liabilities
2,117,632
2,141,672
The funds of the charfty
Endowment fvnds
Unrestricted funds
14
249,864
1,867,768
240,500
1,901,172
2,117.632
2,141,672
The financial statements were approved by the trustees on
If."7. LLI
MrsL
Trustee

FRIENDS OF LEWES VICTORIA HOSPITAL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng policies
Charlty information
The charity is a registered charity constituted under the "Objects and Rules" of the League of Friends adopted
7 March 1966, as amended.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's governing document, 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). 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 applying FRS 102 UpdaÈ Bulletin
1 r¢ot to prepare a Statement of Cash Flows.
The accounts have departed from Ihe Charities {Accounts and Reports) Regulations 2008 only to the extent
required to provide a true and fair view. This departure has involved following the Accounting and Reporting
by Charities.. Ststement of Recommended Practice applicable to entities applying FRS102 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 accounts have been prepared on the historical cost convention, modified to include certain financial
instruments at fair value. The principal accounting policies adopted are set out below.
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 tntstees
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 twstees in furtherance of their charitable
objectives unless the funds have been designated for other purposes.
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 noles to the accounts.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the
charity.
1.4 Income
Income is recognised when the charity is legally enlitled to it after any performance conditions have been mel,
the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified
of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in
relation to donations received under GiflAid or deeds of covenant is recognised at the time of the donation.
Interest on funds held on deposit is included upon notification of the interest paid or payable by the Bank.
Dividends are recognised once the dividend has been declared and notification has been received of the
dividend due.

FRIENDS OF LEWES VICTORIA HOSPITAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng pollcles
Icontlnued)
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution,
the amount is known, and re￿Ipl is expected. If the amount is not known, the legacy is treated as a
contingent asset.
Tumover is measured at the fair value of the consideration received or receivable and represents amounts
receivable for goods and servI￿S provided in the nomial course of business, net of discounts, VAT and other
sales related taxes.
1.5 Expendlture
Expenditure is included on an accruals basis and is recognised when there is a legal or constructive obligation
to pay for expenditure. The charÈty is not registered for vat and accordingly expenditure is shown gross of vat.
Costs of generating funds - The cost of generating fijnds consists of investment managerfs fees.
Charttable activities - Charitable activities include expenditure associated with the objects of the Charity and
also include support Costs relating to these activities.
Governance costs - Govemance costs include those costs incurred in the governance of the charity and are
primarily associated with constitutional and statutory requirements.
1.6 Fixed asset Investments
Fixed asset investments are initially rneasu￿d at transaction price excluding transaclion costs, and are
subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net
incomel(expenditure) for the year. Transaction costs are expensed as incurred.
1.7 Cash and cash equlvalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.8 Debtors
Debtors are recognised at the settlement amount after any discount offered. Prepayments are valued at the
amount repaid net of any discounts due.
1.9 Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event
that will probably result in the transfer of funds to a third paty and the amount due to settle the obligation can
be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement
amount after allowing for any discounts due.
Income from donatlons and legacles
Unrestricted Unrestricted
funds
funds
2024
2023
Donations and gifts
Legacies receivable
9,993
7,886
13,286
9,993
21,172
10-

FRIENDS OF LEWES VICTORIA HOSPITAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Income from other trading actlvltles
Unrestricted Unrestricted
funds
funds
2024
2023
Fundraising events
8,193
1,646
Income from investments
Unrestricted Unrestricted
funds
funds
2024
2023
Income from listed investments
Interest receivable
49,612
20,423
35,039
13,512
70,035
48.551
Raising funds
Unrestricted Unrestricted
funds
ftjnds
2024
2023
Fundraisin
nd ubli
Other fundraising costs
1,519
3,624
Investment management costs
11,986
10,108
13,505
13,732
11

FRIENDS OF LEWES VICTORIA HOSPITAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Charltable actlvltles
2024
2023
SeNices and equipment funded at Lewes Victoria Hospital
Insurance
Printing, postage and stationery
147,897
690
705
(15,779)
645
469
149,292
(14,865)
Share of govemance costs
2,040
1,964
151,332
{12,701)
Governance costs includes payments to the independent examiner of £2,04012023 £1,890)
Trustees
None of the trustees (or any persons connected with Iheml received any remuneration during the year. (2023
£nil).
Employees
The average monthly number of employees during the year was..
2024
Number
2023
Number
Total
There were no employees whose annual remuneration was more than £60,000.
Galns and losses on Investments
Unrestrfcted Endowment
funds
fvnds
2024
2024
Total Unrestricted Endowment
funds
funds
2023
2023
Total
2024
2023
Gainsl(losses) arising on:
Revaluation of
investments
Sale of investments
48,406
(5,194)
10,264
(900)
58,670
(6,094>
(76,107)
(27,340)
(15,141)
{5,4481
(91,248)
(32,7881
43,212
9,364
52,576
(103.4471
(20,5891 (124,0361
12-

FRIENDS OF LEWES VICTORIA HOSPITAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
10 Taxation
The chartty is a registered charity and under section 505(1) of the Income and Corporation Taxes Act 1988 is
exempl from laxation.
11 Fixed asset investments
Listed
Investments
Cash in
portfolio
Total
Cost or valuation
At 1 April 2023
Additions
Valuation changes
Movement in cash balance
Disposals
1,585,816
249,338
58.670
28,596
1,614,412
249,338
58.670
112.726)
{248.149)
112,726)
(248.149)
At 31 March 2024
1,645,675
15,870
1,661,545
Carrying amount
At 31 March 2024
1,645,675
15,870
1.661.545
At 31 March 2023
1,585,816
28,596
1,614,412
12 Debtors
2024
2023
Amounts falling due within one year:
other deblors
Prepayments and accrued income
3,368
1.464
690
3,368
2,154
13 Creditors: amounts falling due within one year
2024
2023
Other creditors
Accruals and deferred income
167,349
2,040
134,327
1,890
169,389
136,217
13-

FRIENDS OF LEWES VICTORIA HOSPITAL
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
14 Endowment funds
Endowment funds represent assets which must be held permanently by the charity. Income arising on the
endowment funds can be used in accordance with the objects of the charity and is included as unrestricted
income. Any capital gains or losses arising on the assets fonn part of the fund.
At 1 April
2023
Gains and At 31 March
losses
2024
Pernianent endowments
Beatrice May Braban Endowment
240,500
9,364
249,864
Previous year:
At 1 Aprll
2022
Galns and At 31 March
losses
2023
Permanent endowments
Beatrice May Braban Endowment
261,089
(20,589)
240,500
The endowment fund is a legacy from Beatrice May Braban. Income from the investment will be used for
general purposes, but the investment will be ring fenced and kept separate from other investments.
15 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and grantors as to how they may be used. These include
designated ftjnds which have been set aside out of unrestricled funds by the trustees for specific purposes.
At 1 Aprfl
2023
Incomlng
resources
Resources
expended
Gains and At 31 March
losses
2024
General funds
1,901,172
88,221
{164,837)
43,212
1,867,768
Previous year:
At 1 Aprfl
2022
In¢omlng
resources
Resources
expended
Gains and At 31 March
losses
2023
General funds
1,934,281
71,369
{1,031)
(103.4471
1,901,172
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FRIENDS OF LEWES VICTORIA HOSPITAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
16 Analysis of net assets between funds
Unrestricted Endowment
funds
funds
2024
2024
Total
2024
At 31 March 2024:
Investments
Current assetsl(liabilities)
1,661,545
206,223
1,661.545
456,087
249,864
1,867,768
249.864
2,117,632
Unrestricted Endowment
funds
funds
2023
2023
Totsl
2023
At 31 March 2023:
Investments
Cu￿ent assetsl{liabilitiesl
1,614,412
286,760
1,614,412
527,260
240,500
1,901,172
240,500
2,141.672
17 Related party transactions
There were no disclosable related party transactions during the year (2023 - none).
15-