Charity Registration No. 247336
FRIENDS OF LEWES vicfoRIA HOSPITAL
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
BUSINESS
ADVISORS
&ACCOUNTANTS
One Bell Lane
Lewes
East Sussex
BN7 IJU

FRIENDS OF LEWES VICTORIA HOSPITAL
CONTENTS
Page
Company information
Trustees, report
Independent examiner's report
Statement of financial activities
Balance sheet
io
Notes to the financial statements
11-18

FRIEND5 OF LEWES vicfoRIA HOSPITAL
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mrs J B Baillie-Hamilton
Dr R Ross
Mr C Kneale
Ms C Ferguson
Mrs D Freestone
Mrs S Pearson
Mrs L Walton
Mrsj Sallis
Mr C Lloyd
(Appointed 25 September
20241
(Appointed 18 July 20241
Ms J Barnett
Charlty number
247336
Principal address
Nevill Road
Lewes
East Sussex
BN7 IPE
Independent examiner
TC Group
One Bell Lane
Lewes
East Sussex
BN7 IJU
Bankers
Barclays Bank PIC
Leicester
Leicestershire
LE87 2BB
Investment advlsors
Charles Stanley & Co Ltd
14 Hyde Gardens
Eastbourne
East Sussex
BN214PR

FRIENDS OF LEWES VICTORIA HOSPITAL
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their annual report and financial statements for the year ended 31 March 2025.
The h'nancial statements have been prepared in accordance with the accounting policies set out in note I to the
financial statements and comply 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 IFF
1021" leffective l January 20191.
Objectives and activities
The principal objectr'ves as defined in the Constitution of the charity are:_
al To mobilise, encou rage, foster and maintain the interest of the public in the patients and staff and support the
work of the Lewes Victoria Hospital by means of volu ntary service.
bl To maintain the relations and association which exist between voluntary bodies and the Lewes Victoria Hospital
and to provide opportunity for such voluntary bodies to contr.nue their activities for the benefit of the Lewes
Victoria Hospital.
cl To provide funds for the purpose of supplementing in such manner as the Friends of Lewes Victoria Hospital
think ht the resources of the hospital and local healthcare providers that support it.
dl To recruit and a5SiSt 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 IFOLVHI website which provi(ks facilities
to donate online. A contactless card donation unit has been installed at the Urgent Treatment Centre and
additional ways of making it easier for donors to make donations continue to be explored. FOLVH also benefits
f rom legacies and donations made by patr.ents at the Victoria Hospital and by their relatives.
Where the availability of NHS funds allows, major projects and purchases are financed jointly with the controlling
NHS Trust.
FOLVH operates a policy whereby it does not finance any item or project which would commit the charity to an
ongoing funding requirement since there is no Euarantee of future income to cover such costs. These are
considered to fall under the heading of 'revenue' expenditure and are considered to be the responsiEility of the
controlling NHS Trust. They would include such items as ongoing maintenance contracts for equipment purchased
and the employment of staff.
The trustees have paid due regard to gu idance issued by the Charity Commission in deciding what activits'es the
charity Should undertake.

FRIENDS OF LEWE5 vicfoRIA HOSPITAL
TRUSTEES, REPORT {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
During the year FOLVH paid for
Replacement DEXA bone density scanner- £68,950
Christmas hampers for staff - £1,034
Operating theatre lights and camera- £29,209
Air conditioning for patient treatment room- £5,513
Call bells for Intermediate Care U nit £1,408
Ferrara Treatment chair- £7,893
Air conditioning for Outpatr'ents, room- £5,205
FOLVH has also committed to fund:
Topcon OCD Machine for ophthalmic clinic- £29,216
Riser/Recliner chairs - £4,450
Operating Trolleys x 2 - £18,228
PCN testing device- £6,600
Plume Extraction System - £4,386
Ultrasound machine- £49,790
BOWA Electrical Surgical Unit - £12,718
Feasibility study for the provision of a Dementia Centre within Lewes- £80,000
Intermediate Care Unit Nursing Station renovations - £33,780
Intermediate Care Unit Staff Room redecoration and furniture- £7,720
Financial review
Reserves 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 the discretion of the Trustees. be held in a period investment. The Tru5tee5
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 ofthe 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

FRIENDS OF LEWES VICTORIA HOSPITAL
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Investment Policy
Principal 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 decrles to
support. The income requirement should not erode the potential to maintain or increase the capit31 ￿lue in real
terms.
Investment Management
The investment portfolio is managed on a fully discretionary basis by Charles Stanley & Co Limited Icharles
Stanley) who act as the Trustees nominee. An investment risk assessment has been undertaken in conjunction
with Charles Stanley which has concluded that a Medium/Low 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 meetings of the Finance Committee to
review the investment portfolio and risks, present investment management reports and provide valu3tK)ns.
Trustees have instigated a review of investment performance against external benchmarks and are proposing to
appoint an independent financial advisor to assess whether FOLVH should change its investment strategy.
Beatrice 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 Icomprising the Chair, Treasurer and two other members of the Executive
Committee} meets twice a year to review how investments are managed within the overall framework of the
investment policy, in conju nction with the investment manager from Charles Stanley. The finèncial Fx)5ition 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.
Ethical Restrittions
I nvestments 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 regu larly to the Treasurer throughout the year. Trustees receive quarterly investment perforMa￿e reports.
Investment statements and report5 as required for examination of the annual accounts and the Annual Report are
also provided.

FRIENDS OF LEWES vicfoRIA HOSPITAL
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Risk 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 actively review the major risks which the charity faces at each
Finance 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 faced by FOLVH and confirm that
they have established risk management systems to mitigate signih'cant risks.
Trustees consider that maintaining the level of the free ￿Serves, professional management of its investment
portfolio combined with quarterly reviews of financial performance will provide sufficient resources in the event
of adverse conditions.

FRIENDS OF LEWES vicfoRIA HOSPITAL
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2025
Plans for future periods
NHS Sussex was established in 2022 as an Integrated Care Board IICBI. The ICB is responsible for improving the
way the NHS plan and pay for local services, and better support local health and care organisations to give people
the care they need. NHS Sussex forms 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 Foundation NHS Trust ISCFT),
University Hospitals Sussex NHS Trust IUHSI, Sussex Partnership Foundation Trust ISPFTI and East Sussex
Healthcare NHS Trust IESHTI. 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 conti nue to maintain close links with the SCFT, UHS, SPFT, ESHT and all other Service Providers at the
Victoria Hospital and Lewes Victoria Hospital personnel in order to determine priorities for the exper)diture of the
charity's funds. The overall aim will however continue to be to help the Victoria Hospital to remain flexible in its
ability to provide the most effective, efficient and up to date treatment/service for the local population as
possible.
Following the 21 June 2022 amendment to the Objects of the charity, approved by the Charity Commission,
funding has been extended to projects promoted by local healthcare providers that support the hospitsl and
funding of further community projects is being explored.
With 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 to provide support to improve the health of our community. A
three year strategy h35 been developed and approved by Trustees. The Strategy sets Out how FOLVH will adapt
from a Charity that has operated within a largely Stable NHS service environment staffed by a local clinical
Community, to a more of a transient 'Health Hub, NHS services model. The Strategy aims to continue to deliver
the purpose set out in the Constitution by carrying out the following..
Adapt to raise funds in a more compets.tive 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 including a new direction of a wider spectrum of health and social care
Adapt our policies to meet the new direction of the Charity in line with Charity Commission guideline5
Support the Trustees and Volunteers to meet the new challenges

FRIENDS OF LEWES vicfoRIA HOSPITAL
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Structurei governance and management
The trustees act under the 'Objects and Rules, of the League of Friends adopted 7 March 1966 as anEnded 29
May 1997, 27 May 1998 and 25 May 2016, 21 October 2021, 21 June 2022 and 18 July 2024.
The trustees who served during the year and up to the date of signature of the financial statements were=
Mrsj B Baillie-Hamilton
J Clark
Dr R Ross
Mrc Kneale
Ms C Ferguson
Mrs J A Mcclelland
Mrs D Freestone
Mrs S Pearson
Mrs Lwalton
Mrs J Sallis
Mrc Lloyd
Ms J Barnett
(Resigned 18 Ju ly 20241
(Resigned 18 July 2024)
(Appointed 25 September 20241
(Appointed 18 July 20241
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 rnember 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'5 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 I nvestment Policy, Risk Management Policy and Serious Incident
Reporting Policy, together with a verbal introduction to the workings and objectives of the FOLVH. A tour of the
Victoria Hospital is organised by arrangement with the Hospital management to meet the staff and to ensure
familiarity with the 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 to the
quarterly Executive Committee meetings where any applications from the hospital management for funding are
considered. Decisions are confirmed in writing.
Additionally at the meetin8S, the Trustees 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 actiifities,
organisational Matters, and any perceived changes in the pattern of need or giving and to matters relating to the
NHS structure and/or service provision which may impact on the activities of FOLVH or calls on its funds.

FRIENDS OF LEWES VICTORIA HOSPITAL
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
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 consu Itation with the charity's investment advisers. proposing
to the Trustees recommendations for any change in the overall investment strategv.
FOLVH has implemented an Investment Policy, a Financial Policy, a Risk Management Policy and a Serious Incident
Reporting Policy, which set out the internal fi'nancial and management controls for the charity. Each policy is
subject to review on a regu lar basis.
FOLVH is a member of the National Association of Leagues of Friends.
The trustees, report was approved by the Board of Trustees.
Mrs L Wal
Trustee
Date:

FRIENDS OF LEWES vicfoRIA 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 2025.
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 14515llbl of the 2011 Act.
Independent examiner's statement
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with
Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Accounting and Reporting by
Charities: Statement of Recommended Practice issued on l April 2005 which is referred to in the eXt￿t
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 I
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 settion 130 of the 2011Act; or
the h'nancial statements do not accord with those records,. or
the financial statements do not comply with the applicable requirements concerning the fomi and content of
account5 Set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirementthat
the accounts give a true and fair view which is not a matter considered as part of an independenl
examination.
I have no concer
shoul
ra
and have come acr055 no other matters in connection with the examination to whih attention
this report in order to enable a proper understanding of the linancial statements to be
rea
Nicholas Rawson FCA
TC Group
One Bell Lane
Lewes
East Sussex
BN7 IJU
Dated:

FRIENDS OF LEWES VICTORIA HOSPITAL
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2025
Unrestricted Endowment
funds
funds
Total Unrestricted Endowment
funds
funds
Total
2025
2025
2025
2024
2024
2024
Notes
Income from:
Donations and legacies
Other trading activities
Investment5
24,156
13,233
74.081
24,156
13,233
74,081
9,993
8,193
70,035
9,993
8,193
70,035
Total income
111,470
111,470
88,221
88,221
Expenditure on:
Raising funds
Charitable activities
15,545
92,210
15,545
92,210
13,505
151,332
13,505
151,332
Total expenditure
107,755
107,755
164,837
164,837
Net gains/llossesl on
investments
138,3671
18,6331
147,0001
43,212
9,364
52,576
Net expenditure and
movement in funds
{34,6521
18.6331
143,2851
133,4041
9,364
124,0401
Reconciliation of funds:
Fund balances at l April 2024
1,867,768
249,864 2,117,632
1,901,172
240,500 2,141,672
Fund balances at 31 March
2025
1,833,116
241,231 2,074,347
1,867,768
249,864 2,117.632

FRIEND5 OF LEWES vicfoRIA HOSPITAL
BALANCE SHEET
AS AT31 MARCH 2025
2025
2024
Notes
Fixed assets
Investments
li
1.603,802
1,661,545
Current assets
Debtors
Cash at bank and in hand
12
5,049
604,277
3,368
622,108
609,326
625.476
Creditors: amounts falling due within one
year
13
(138.7811
1169.3891
Net current assets
470,545
456,087
Total assets less current liabilities
2,074.347
2,117,632
The funds of the charity
Endowment funds
Unrestricted funds
14
241,231
1,833,116
249,864
1,867,768
2,074,347
2,117,632
The financial statements were approved by the trustees on
..S.li./. /.o.2S
fvL
MrsL W
Trustee
10-

FRIENDS OF LEWES vicfoRIA HOSPITAL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
Charity 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 fi'nancial statements have been prepared in accordance with the charity's governing document, the
Charities Act 2011 and "Accounting and Reporting by Charitses.. 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 IFRS 1021" leffective l January 20191. The charity is a Public
Benefi't Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charitie5 applying FRS 102 Update Bulletin
I not to prepare a Statement of Cash Flows.
The accounts have departed from the Charities IAccounts and Reportsl 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.. Statement of Recommended Practice applicable to entities applyinE 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 h'nancial statements are prepared in sterling, which is the fu nctr.onal 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, modih'ed 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
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 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 purwses and
uses of the restricted funds are set out in the notes to the accou nts.
Endowment fund5 are subject to specific conditions by donors that the capital must be maintained E¥ the
charity.
1.4 Income
Income 15 recognised when the charity is legally entitled to it after any performance conditions FFve been
met, the amounts can be measured reliably, and it is probable that income will be received.
11

FRIENDS OF LEWES VICTORIA HOSPITAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
(Continued)
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 Gift Aid 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.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending d istribution,
the amount is known, and receipt is expetted. If the amount is not known, the legacy is treated as a
contingent asset.
Turnover is measured at the fair value of the consideration received or receivable and represents amounts
receivable for goods and services provided in the normal course of business, net of discounts, VAT and other
sales related taxes.
1.5 Expenditure
Expenditure is included on an accruals basis and is recognised when there is a legal or constructive
obligation to pay for expenditure. The charity is not registered for vat and accordingly expenditure is shown
gross of vat.
Costs of generating funds - The cost of generating funds consists of investment manager's fees.
Charitable activities - Charitable activities include expenditure associated with the objects of the charity and
also include support costs relating to these activities.
Governance costs - Governance 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 measured at transaction price excluding transaction costs, and are
subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net
income/lexpenditurel for the year. Transaction costs are expensed as incurred.
1.7 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other 5hort-term liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdraft5 are
shown within borrowing5 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.
12-

FRIENDS OF LEWES VICTORIA HOSPITAL
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
(Continued}
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 party and the amount due to setde the
obligatt.on can be measured or estimated reliably. Creditors and provisions are normally recognised at their
settlement amount after allowing for any discounts due.
Income from donations and legacies
Unrestricted
funds
Unrestricted
funds
2024
2025
Donations and gift5
Legacies
9,381
14,775
9,993
24,156
9,993
Income from other trading activities
Unrestricted Unrestricted
funds
funds
2025
2024
Fundraising events
13,233
8.193
Intome from investments
Unrestricted Unrestricted
funds
funds
2024
2025
Income from listed investments
Interest receivable
49,489
24,592
49,612
20,423
74,081
70,035
13-

FRIENDS OF LEWES vicfoRIA HOSPITAL
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2025
Raising funds
un￿strICted U nre5tricted
funds
funds
2025
2024
Fundraisin
and ublicit
Other fundraising costs
5,394
1,519
Investment management costs
10,151
11,986
15,545
13,505
Charitable activities
2025
2024
Services and equipment funded at Lewes Victoria Hospital
Insurance
Printing, postage and stationery
88,476
725
801
147,897
690
705
90,002
149,292
Share of governance costs
2,208
2,040
92,210
151.332
Governance costs includes payments to the independent examiner of £2,20812024 £2,040)
Trustees
None of the trustees {or any persons connected with them) received any remuneration during the year.
{2024- £nill.
14-

FRIENDS OF LEWES VICTORIA HOSPITAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Employees
The average monthly number of employees during the year was:
2025
2024
Number
Number
Total
There were no employees whose annual remuneration was more than £60,000.
Gains and losses on investments
Unrestricted Endowment
funds
funds
2025
Total Unrestricted Endowment
funds
funds
2024
2024
Total
2025
2025
2024
Gains/llossesl arising on-
Revaluation of
investments
Sale of investments
132,0001
16,3671
17,0841
11,5491
139,0841
17,9161
48,406
15,1941
10,264
1900
58,670
16,0941
138,3671
18,6331
147,0001
43,212
9,364
52,576
10 Taxation
The charity is a registered charity and under section 505111 of the I ncome and Corporation Taxes Act 1988 is
exempt from taxation.
15-

FRIENDS OF LEWES vicfoRIA HOSPITAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
11 Fixed asset investments
Listed
investments
Cash in
portfolio
Total
Cost or valuation
At l April 2024
Additions
Valuation changes
Movement in cash balance
Disposals
1,645,675
136,800
139,0831
15,870
1,661,545
136,81)0
139,0831
48,141
1203,6011
48,141
1203,6011
At 31 March 2025
1,539,791
64,011
1,603,802
Carrying amount
At 31 March 2025
1,539,791
64,011
1,603,802
At 31 March 2024
1,645,675
15,870
1,661,545
12 Debtors
2025
2024
Amounts falling due within one year:
Other debtors
5.049
3,368
13 Creditors: amounts falling due withln one year
2025
2024
Other creditors
Accruals and deferred income
136,573
2,208
167,349
2,040
138,781
169,389
16

FRIENDS OF LEWES VICTORIA HOSPITAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2025
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 form part of the fu nd.
At l April 2024
Gains and At 31 March
losses
2025
Permanent endowments
249,864
18,6331
241,231
Previous year:
At l April 2023
Gains and At 31 March
losses
2024
Permanent endowments
Beatrice May Braban Endowment
240,500
9,364
249,864
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 f rom 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 funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
At l April 2024
Incoming
resources
Resources
expended
Gains and At 31 March
losses
2025
General funds
1,867,768
111,470
1107,7551
138,3671
1,833,116
Previous year".
At l April 2023
Incoming
resource5
Resources
expended
Gains and At 31 March
losses
2024
General funds
1,901,172
88,221
1164,8371
43,212
1,867,768
17-

FRIENDS OF LEWES VICTORIA HOSPITAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2025
16 Analysis of net assets between funds
Unrestricted Endowment
funds
funds
2025
2025
Total
2025
At 31 March 2025:
Investments
Current assets/lliabilitiesl
1,603,802
229,314
1,603,802
470,545
241,231
1,833,116
241,231
2,074,347
Unrestricted Endowment
funds
funds
2024
2024
Total
2024
At 31 March 2024:
Investments
Current assets/lliabilitiesl
1,661,545
206,223
1,661,545
456,087
249,864
1,867.768
249,864
2,117,632
17 Related party transactions
There were no disclosable related party transactions during the year12024- none).
18-

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