Charity number: 249956
LEAGUE OF FRIENDS OF READING HOSPITALS
EXECUTIVE COMMITTEE’S REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2021
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## LEAGUE OF FRIENDS OF READING HOSPITALS
## CONTENTS
||Page|
|---|---|
|Reference and Administrative Details of the Charity, its Trustees and Advisors|3-4|
|Executive Committee's Report|5-8|
|Independent Examiner’s Report|8-9|
|Statement of Financial Activities|10|
|Balance Sheet|11|
|Notes to the Financial Statements|12-27|
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## LEAGUE OF FRIENDS OF READING HOSPITALS
## REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEE AND ADVISERS FOR THE YEAR ENDED 30 APRIL 2021
Charity registered number
249956
Principal office
Royal Berkshire Hospital, London Road, Reading, Berkshire, RG1 5AN
Executive Committee Members as at 30.04.2021
Christina Hill Williams DL Chairman
Angella Hindle Vice Chairman Christine Smith Treasurer- Deceased August 2020 Moyra Pugh Appointed May 2019 Carrollanne Lindley Appointed October 2020 David Clive Harries Williams OBE Appointed October 2020
Richard John Dolinski Appointed December 2020 Fathimah Reeshafna Laffir Interim Treasurer Appointed December 2020
There was a substantial amount of movement within the board of trustees’ post year end. As a result, the new Executive Committee Members at the time of completion of this report are as follows;
Richard John Dolinski, Chairman- Elected on 02.06.2021
Charlotte Jacqueline Louise Haitham Taylor, Vice Chairman - Elected on 29.06.2021
David Clive Williams OBE- Appointed October 2020
Carrollanne Lindley- Appointed October 2020
Malcolm L Richards- Appointed September 2021
Juliet Maria Sherratt- Appointed June 2021
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## LEAGUE OF FRIENDS OF READING HOSPITALS
## REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEE AND ADVISERS FOR THE YEAR ENDED 30 APRIL 2021 (Continued)
Ellis Wiggins- Appointed June 2021
Rebecca Ward- Appointed June 2021
Moyra Pugh- Resigned June 2021
Christina Hill Williams DL- Resigned June 2021
Angella Hindle- Removed May 2021
Fathimah Reeshafna Laffir- Resigned June 2021
President:
Christina Hill Williams DL– Elected on 02.06.2021
Vice Presidents:
The Mayor of Reading
Robert Astor
Lady Durant (Audrey)
Colin Maclean OBE
Steve McManus CEO Royal Berkshire NHS Trust
Professor Ann Sheen OBE
Graham Sims Chairman, Royal Berkshire NHS Foundation Trust
Independent Examiner
Rachel Eden, Holy Brook Associates Curious Lounge, 1st Floor Pinnacle Building, Tudor Road Reading, RG1 1NH
Bankers
Caf Bank Ltd, 25 Kings Hill Avenue, West Mailing, Kent, ME19 4JQ Barclays Bank Pic, High Street, Colchester, C01 1DA
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## LEAGUE OF FRIENDS OF READING HOSPITALS
## EXECUTIVE COMMITTEE'S REPORT
## FOR THE YEAR ENDED 30 APRIL 2021
The Executive Committee presents their annual report together with the audited financial statements for the year ended 30 April 2021. The financial statements have been prepared in accordance with the accounting policies as set out in note 1 to the accounts and comply with the charity's trust deed, 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 Standards applicable In the UK and Republic of Ireland (FRS 102).
## Reference and administrative details
The League of Friends of Reading Hospitals ('the League' or 'the Charity') is registered with the Charity Commission (No. 249956). The charity also operates under the name League of Friends of the Royal Berkshire Hospital.
Objectives and Activities
a. Policies and objectives
## Risk Policy
We have ensured that all risk assessments have been carried out by the necessary departments and contractors. These have been passed on to the correct authorising body prior to any development or fund raising activity taking place.
Objectives and activities
The League's principal objective is to provide support to the patients, visitors and staff at the Royal Berkshire Hospital, Reading.
The main activities of the League are focused on:
(1) Operating the retail outlets both as an amenity for patients, visitors, and staff and as a means of raising funds for our charitable activities.
(2) Fundraising.
(3) Funding the cost of hospital amenities and equipment for the benefit of patients, visitors, and staff
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FOR THE YEAR ENDED 30[TH] APRIL 2021 (Continued)
## LEAGUE OF FRIENDS OF READING HOSPITALS EXECUTIVE COMMITTEE'S REPORT
## b. Main activities undertaken to further the charity's purposes for the public benefit
The League Is governed by a board of trustees, known as the Executive Committee. Executive Committee members must be members of the League and are appointed by election at Annual General Meetings. Appointment to the Executive Committee is for three years, though Executive Committee members are eligible for re-election.
During the year the Executive Committee may elect League members to bs members of the Executive Committee to fill vacancies - though the appointments expire at the following Annual General Meeting.
## c. Policies adopted for the Induction and training of Executive Committee
Upon election, Executive Committee members are provided with a copy of the League's constitution and Charity Commission guidance material for charity trustees. As appropriate opportunities arise, the League participates in trustee training Initiatives.
## d. Risk management
The Executive Committee have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.
## Plans for future periods
## a. Future development
The League is conscious that the success of their activities depends on a large and enthusiastic pool of volunteers. We will continue to work on the recruitment and retention of volunteers.
The Executive Committee with the help of our staff continue to look for further opportunities to raise the profile of the League of Friends, generate additional income and seek suitable projects for the League to support. This includes, extending our business activities beyond the Royal Berkshire Hospital. Given the success in managing our Friends Coffee House we are actively looking at retail units across Berkshire. We are also extending our events calendar with the view to support the health and wellbeing of the wider community.
## Tax Status
The Charity is entitled to exemption from taxation on income and capital gains to the extent that its funds are applied for charitable purposes.
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## LEAGUE OF FRIENDS OF READING HOSPITALS EXECUTIVE COMMITTEE'S REPORT
## FOR THE YEAR ENDED 30[TH] APRIL 2021 (Continued)
## Executive Committee' responsibilities statement
The Executive Committee is responsible for preparing the Executive Committee's Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Executive Committee to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Executive Committee is required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgments and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it Is
- Inappropriate to presume that the charity will continue in operation.
The Executive Committee Is responsible for keeping proper accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable him to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The members have not required the charity to obtain an audit of its accounts for the year.
The directors acknowledge their responsibilities for complying with the requirements of the Charity Act (2006) with respect to accounting records and the preparation of accounts.
This report was approved by the Executive Committee on ………………………… and signed on 05 / 01 / 2022 their behalf by:
Richard Dolinski ( Chairman), Charlotte Jacqueline Loiuse Haitham Taylor ( Vice Chairman), Carrollanne Lindley ( Trustee).
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## LEAGUE OF FRIENDS OF READING HOSPITALS
## INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF THE LEAGUE OF FRIENDS OF READING HOSPITALS
Report to the trustees of: The League of Friends of Reading Hospitals
Charity number: 249956
On accounts for the year ended: 30[th] April 2021
## Responsibilities and basis of report
I report to the trustees on my examination of the accounts of the above charity (“the League of Friends of Reading Hospitals”) for the year ended 30[th] April 2021.
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## Independent examiner's statement
The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of The Chartered Institute of Management Accountants.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination other than that disclosed below which gives me cause to believe that in, any material respect:
• the accounting records were not kept in accordance with section 130 of the Charities Act; or
- the accounts did not accord with the accounting records; or
• the accounts did 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.
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## LEAGUE OF FRIENDS OF READING HOSPITALS
## INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF THE LEAGUE OF FRIENDS OF READING HOSPITALS
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 accounts to be reached.
Signed: Date: 05 / 01 / 2022 Name: Rachel Eden
Relevant professional qualification: ACMA (Chartered Institute of Management Accountants)
Address: Holy Brook Associates Limited Curious Lounge, 1[st] Floor Pinnacle Building Tudor Road Reading RG1 1NH
Section B Disclosure
The charity faced an issue of incomplete records regarding the stock held at year end in one of the shops it operates (the Maternity shop). This was resolved using the sales and purchases records and an estimate based on the margins obtained in the coffee shop. Therefore, users of the accounts should take this into account when reviewing the stock figures held.
Prior year bank balances in the accounting records required an adjustment so users of the accounts should take this into account when comparing this year’s accounting statements with the prior year’s accounting statements.
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## LEAGUE OF FRIENDS OF READING HOSPITALS
## STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2021
|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||Funds|Funds|Fund|
||Note|2021|2021|2020|
|||£|£|£|
|Income:|||||
|Donations and legacies|2|10,547|10,547|25,414|
|Other trading activities:|||||
|Trading activities|3|175,347|175,347|403,932|
|Investments|4|167|167|1,988|
|||186,061|186,061|431,334|
|Total Income|||||
|Expenditure on:|||||
|Trading and Raising Funds|5|212,111|212,111|341,415|
|Charitable activities|5|-|-|143,134|
|Governance||3,458|3,458|
10,364|
|Expenditure||215,549|215,549|494,913|
|Net deficit before investment||(29,448)|(29,448)|(63,569)|
|gains|||||
|Net gains(losses) on||71,238|71,238|(21,660)|
|investments|||||
|Net expenditure before other||41,750|41,750|(85,239)|
|recognised gains and losses:|||||
|Net movement in funds||41,750|41,750|(85,239)|
|Reconciliation of funds:|||||
|Total funds brought forward||831,555|831,555|916,794|
|Total funds carried forward||873,304|873,304|831,555|
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## LEAGUE OF FRIENDS OF READING HOSPITALS
|BALANCE SHEET
AS AT 30 APRIL 2021|BALANCE SHEET
AS AT 30 APRIL 2021||
|---|---|---|
|Fixed Assets
Note
£
Tangible assets
12
27,152
Investments
13
406,620|2021
£
£
49,164
335,382|2020
£
384,546
13,454
1,854
549,561
564,869
117,860
447,009
831,555
831,555
831,555|
|Current Assets
Stocks
14
Debtors
15
Cash at bank and in
hand|433,772
17,318
19,565
510,308
||
|Creditors:amounts
falling due within one
year
16
Net current assets|547,190
107,658
439,532
||
|Net Assets
Charity Funds
Unrestricted funds
17|873,304
873,304
||
|Total funds|873,304
||
05 / 01 / 2022
The financial statements were approved by the Executive Committee on ………………………… and signed on the behalf by:
Richard Dolinski Charlotte Jacqueline Louise Haitham Taylor
Carollanne Lindley
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LEAGUE OF FRIENDS OF READING HOSPITALS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2021
## 1. Accounting Policies
## 1.1 Basis of preparation of financial statements
The financial statements have been prepared to give a 'true and fair' view and 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 Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) Issued on 16 July 2014 and Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and Charities Act 2011.
League of Friends of Reading Hospitals constitutes a public benefit entity as defined by FRS 102
## 1.2 Income
All Income ls recognised once the charity has entitlement to the income, it is probable that the Income will be received and the amount of income receivable can be measured reliably
For legacies, entitlement Is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, In whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the
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## LEAGUE OF FRIENDS OF READING HOSPITALS
## NOTES TO THE FINANCIAL STATEMENTS
## FOR THE YEAR ENDED 30 APRIL 2021 (Continued)
## 1. Accounting Policies (continued)
executor's Intention to make a distribution. Where legacies have been notified to the charity, or the charity Is aware of the granting of probate, and the criteria for Income recognition have not been met, then the legacy Is treated as a contingent asset and disclosed if material
Donated services or facilities are recognised when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time of the League is not recognised and refer to the Executive Committee's Report for more information about their contribution.
On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; s corresponding amount Is then recognised in expenditure in the period of receipt.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Income tax recoverable in relation to investment income is recognised at the time the investment Income Is receivable. Subscriptions and grant Income are recognised in the accounts as and when receivable.
Trading activities relate to Income from shops and are recognised at the point of sale.
## 1.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will bs required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and support costs. Direct costs attributable to a single activity are allocated directly to that
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LEAGUE OF FRIENDS OF READING HOSPITALS
NOTES TO THE FINANCIAL STATEMENTS
## FOR THE YEAR ENDED 30 APRIL 2021 (Continued)
## 1.3 Expenditure (continued)
activity. Support costs which contribute to more than one activity and which are not attributable to a single activity are apportioned between those activities on s basis consistent with the use of resources.
Shop activities relate to expenses Incurred in the operation of retail facilities and include staff costs.
Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating Information In support of the charitable activities. Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters. Governance costs are those Incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
Grants payable (Hospital Giving) are charged in the year when the offer is made except in those cases where the offer Is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been must at the year-end are noted as a commitment, but not accrued as expenditure.
## 1.4 Tangible and fixed assets and depreciation
All assets costing more than £500 are capitalised.
Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Shop fixtures, fitting & equipment - 20% straight line.
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## NOTES TO THE FINANCIAL STATEMENTS (Continued)
## FOR THE YEAR ENDED 30 APRIL 2021
## 1. Accounting Policies (continued)
## 1.5 Investments
Fixed asset Investments are s form of financial instrument and are Initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date unless fair value cannot be measured reliably in which case it is measured at cost less Impairment. Investment gains and losses, whether realised or unrealised, are combined and shown In the heading 'Gains/(losses) on investments in the Statement of Financial Activities.
## 1.6 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this Is normally upon notification of the interest paid or payable by the Bank.
## 1.7 Operating leases
Rentals under operating leases are charged to the Statement of Financial Activities on a straight-line basis over the lease term.
## 1.8 Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
## 1.9 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## 1.10 Cash at Bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
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## LEAGUE OF FRIENDS OF READING HOSPITALS
## NOTES TO THE FINANCIAL STATEMENTS
## FOR THE YEAR ENDED 30 APRIL 2021 (Continued)
## 1. Accounting Policies (continued)
## 1.11 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet date as s result of a past event, it is probable that s transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services It must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation
## 1.12 Financial Instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial Instruments are Initially recognised at transaction value and subsequently measured at their settlement value.
## 1.13 Pensions
The charity operates a defined contribution pension scheme, and the pension charge represents the amounts payable by the charity to the fund in respect of the year.
## 1.14 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Executive Committee In furtherance of the general objectives of the charity and which have not been designated for other purposes.
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## LEAGUE OF FRIENDS OF READING HOSPITALS
## NOTES TO THE FINANCIAL STATEMENTS
## FOR THE YEAR ENDED 30 APRIL 2021 (Continued)
## 2. Income from donations and legacies
||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2021|2021|2020|
||£|£|£|
|Donations|5,289|5,289|8,756|
|Legacies|5,000|5,000|21,000|
|Memberships|-|-|460|
|Other Income|258|258|1,170|
|Total donations and legacies|10,547|10,547|31,386|
|||||
|Total 2020|31,386|31,386||
## 3. Other trading activities
||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2021|2021|2020|
||£|£|£|
|Fundraising|2,877|2,877|24,432|
|Shop activities|172,470|172,470|428,637|
|Total|175,357|175,357|452,069|
|||||
|Total 2020|452,069|452,069||
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## LEAGUE OF FRIENDS OF READING HOSPITALS
## NOTES TO THE FINANCIAL STATEMENTS
## FOR THE YEAR ENDED 30 APRIL 2021 (Continued)
## 4. Investment Income
|||Unrestricted|Unrestricted|Total|
Total|
|---|---|---|---|---|---|
||||funds|funds|
funds|
||||2021|2021|
2020|
||||£|£|£|
||Investment Income||167|167|
1,716|
|||||||
||Total 2020||1,716|1,716||
|.|Cost split|||||
|||Unrestricted|2021||2020|
|||funds|£||£|
|||£||||
||Trading and Raising|||||
||Funds|||||
||Fundraising|221|221||13,427|
||Shop Activities|211,890|211,890|367,883||
|||212,111|212,111|381,310||
||Total|||||
||Charitable activities|||||
||Hospital Giving|-|-|135,671||
||Total|-|-|135,671||
## 5.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2021 (Continued)
## 6. Hospital Giving
During the year the charity faced a few challenges in awarding grants. Firstly, at the height of the pandemic, the focus of many departments within the hospital was to cope with the patient influx, hence many departments that would have normally sent out applications for grants postponed their application to the following year. In addition to these challenges, the Charity also had a transition in trustees.
The charity at this time kept our businesses within the hospital open for the convenience of all staff. We took the opportunity to serve free drinks to staff. As a result, we were rewarded with a High Sheriff Award recognizing our efforts.
Moving forward, the charity has drawn up a new policy for hospital grants taking into consideration “Building Berkshire Together” and its impact. The new grants awarding criteria focuses on bids that generate positive clinical outcomes for patients above and beyond what the NHS is able to fund.
## 7. Income
All income arose within the United Kingdom.
## 8.
## Trustees expenses
During the year, no member of the Executive Committee received any remuneration (2020 - £NlL).
During the year, no member of the Executive Committee received any benefits in kind (2020 - £NlL)
During the year no member of the Executive Committee received any reimbursement of expenses (2019 - NlL).
## 9. Independent Examiner’s remuneration
The Independent Examiner’s remuneration amounts to a fee of £300+VAT for the Examination and a further fee of £480+VAT for accounts preparation total cost of £936 including VAT. In 2020 the charity undertook an audit with a fee of £7,200 including VAT.
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## LEAGUE OF FRIENDS OF READING HOSPITALS
## NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2021 (Continued)
## 11. Staff Costs
The average number of persons employed by the charity during the year was as follows:
||2021|2020|
|---|---|---|
||£|£|
|Fundraising, Events and Retail Manager|1|1|
|Accounts Manager|1||
|Retail Staff|9|11|
|Total|11|12|
||||
No employee received remuneration amounting to more than £60,000 in either year.
## Pension commitments
The Charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Charity in an independently administered fund. The pension cost charge represents contributions payable by the Charity to the fund and amounted to £1,893 (2020: £2,352). Contributions totaling £346 (2020; nil) were payable to the fund at the balance sheet date.
||2021|2020|
|---|---|---|
||£|£|
|Salaries and wages|88,980|119,285|
|Social security costs|-|3,023|
|Pension costs|1,893|2,352|
|Total|90,873|124,660|
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||LEAGUE OF FRIENDS OF READING HOSPITALS||
|---|---|---|
||NOTES TO THE FINANCIAL STATEMENTS||
||FOR THE YEAR ENDED 30 APRIL 2021(Continued)||
|12.|Tangible fixed assets||
|||Shop fixtures,|
|||fittings and|
|||equipment|
|||£|
||Cost||
||At 1 May 2020|316,206|
||Additions|868|
||At 30thApril 2021|317,014|
||Depreciation||
||At 1 May 2020|267,042|
||Charge for the year|22,880|
||At 30 April 2021|289,922|
||Net book value||
||At April 2021|27,152|
||At April 2020|49,164|
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## LEAGUE OF FRIENDS OF READING HOSPITALS
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2021 (Continued)
|13.|Fixed asset investment|||
|---|---|---|---|
||||Unlisted|
||||securities|
||||£|
||Market Value|||
||At 1 May 2020|||
||Revaluations||335,382|
||||71,238|
||At 30 April 2021||406,620|
||Investments at market value comprise:|||
|||2021|2020|
|||£|£|
||Unlisted investments|406,620|335,382|
All the fixed asset investments are held in the UK
Valuation
Investments have been valued based on market value.
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## LEAGUE OF FRIENDS OF READING HOSPITALS
## NOTES TO THE FINANCIAL STATEMENTS
## FOR THE YEAR ENDED 30 APRIL 2021 (Continued)
## 13. Fixed asset investments (continued)
## Material investments
Note: Equities include unit and investment trusts. Individual investments exceeding 5% of the investment portfolio valuation at 30 April 2021 were as follows. Investment portfolio is subject to review during the forthcoming financial year.
||Note: Equities include unit and investment trusts. Individual investments
exceeding 5% of the investment portfolio valuation at 30 April 2021 were as
follows. Investment portfolio is subject to review during the forthcoming
financial year.|
|---|---|
||2021
£
2020
£
SJP lnternational Equity Unit Trust Class L
40,746
38,773
SJP Balanced Managed Unit Trust Class L
31,055
26,515
SJP Equity lncome Unit Trust Class L
29,434
20,244
SJP Global Equity lncome Trust Class L
-
SJP Global Equity Unit Trust Class L
32,543
25,855
SJP Managed Growth Unit Trust Class L
29,630
25,046
SJP Multi Asset Unit Trust Class L
-
SJP Strategic lncome Unit Trust Class L
32,481
28,149
SJP Strategic Managed Unit Trust Class L
27,850
22,268
SJP UK & lnternational lncome Unit Trust
Class L
27,627
22,281
SJP Corporate Bond Class M
9,719
-
SJP Worldwide Income Unit Trust Class L
33,105
29,520
SJP Sust & Resp Unit Trust
37,220
30.384
SJP Global Growth Unit Trust Class L
37,210
29,896
SJP Global Value Unit Trust Class L
37,999
26,818|
||Total
406,620
327,749|
|||
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||LEAGUE OF FRIENDS OF READING HOSPITALS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2021(Continued)
Stocks
2021
£
2020
£
Finished goods and goods for resale
17,318
13,454|
|---|---|
|||
|14.
15.
16.||
||Debtors
2021
£
2020
£
Gift aid rebate
Other debtors
Legacy receivable
Trade Debtors
Prepayments and accrued income
227
36
5,000
12,686
1,674
1,854|
||19,565
1,854
Creditors: Amounts falling due within one year
2021
£
2020
£
Trade creditors
13,633
1,131
Other taxation and social security
741
801
Other creditors
92,348
109,146
Accruals and deferred income
936
4,782|
||107,658
115,860|
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Doc ID: 613934c0eb68c88af09aa500e1ba6fc8d87ea91e
## LEAGUE OF FRIENDS OF READING HOSPITALS
## NOTES TO THE FINANCIAL STATEMENTS
## FOR THE YEAR ENDED 30 APRIL 2021 (Continued)
||£|
|---|---|
|Deferred Income||
|Deferred income at 1 May 2020|960|
|Resources deferred during the year|-|
|Amounts released from previous years|960|
||-|
|Deferred income at 30 April 2021||
## 17. Statement of funds
## Statement of funds- current year
||Balance|Income|Expenditure|Gains/|Balance|
|---|---|---|---|---|---|
||at 1 May|||(Losses)|30 April|
||2020||||2021|
||£|£|£|£|£|
|Unrestricted|831,761|
186,061|(215,549)|41,750|
873,304|
|funds||||||
|All funds|831,761|
186,061|(215,549)|41,750|873,304|
## Statement of funds- prior year
||Balance|Income|Expenditu|Expenditu|Gains/|Balance|
|---|---|---|---|---|---|---|
||at 1|||re|(Losses)|30 April|
||May|||||2020|
||2019|£|||£|£|
||£|||£|||
|Unrestricted|916,794|431,334|494,913||(85,239)|831,555|
|funds|||||||
|Total of funds|916,794|431,334|494,913||(85,239)|831,555|
25
Doc ID: 613934c0eb68c88af09aa500e1ba6fc8d87ea91e
## LEAGUE OF FRIENDS OF READING HOSPITALS
## NOTES TO THE FINANCIAL STATEMENTS
## FOR THE YEAR ENDED 30 APRIL 2021 (Continued)
## 18. Analysis of net assets between funds
||Unrestricted funds|Total|
|---|---|---|
||2021|funds|
||£|2021|
|||£|
|Tangible fixed assets|27,152|27,152|
|Investments|406,620|406,620|
|Current assets|547,190|547,190|
|Creditors due within one year|(107,658)|(107,658)|
||873,304|873,304|
|For the prior year (2020)|||
|Tangible fixed assets|49,164|49,164|
|Investments|335,382|335,382|
|Current assets|564,869|564,869|
|Creditors due within one year|(117,860)|(117,860)|
||831,555|831,555|
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Doc ID: 613934c0eb68c88af09aa500e1ba6fc8d87ea91e
## LEAGUE OF FRIENDS OF READING HOSPITALS
## NOTES TO THE FINANCIAL STATEMENTS
## FOR THE YEAR ENDED 30 APRIL 2021 (Continued)
## 19. Operating lease commitments
At 30 April 2021 the total of the Charity's future minimum lease payments under non-cancellable operating leases was:
|Amounts payable:
Within one year
Between 1 and 5 years|2021
£
2020
£
15,000
15,000
36,450
41,450|
|---|---|
||41,450
56,450|
## 20. Related party transactions
There were no related party transactions in the year (2020 – none).
27
Doc ID: 613934c0eb68c88af09aa500e1ba6fc8d87ea91e
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TITLE Accounts for sign off - League of Friends FILE NAME LEAGUE OF FRIENDS...g April 2021.docx DOCUMENT ID 613934c0eb68c88af09aa500e1ba6fc8d87ea91e AUDIT TRAIL DATE FORMAT MM / DD / YYYY STATUS Completed
**01 / 05 / 2022** Sent for signature to Richard Dolinski 14:02:02 UTC (richarddolinski@me.com), Carrollanne Lindley (clindley@kilburnstrode.com) and Charlotte Jacqueline Louise Haitham Taylor (chaithamtaylor@hotmail.co.uk) from racheleden@gmail.com IP: 217.138.153.84 **01 / 05 / 2022** Viewed by Richard Dolinski (richarddolinski@me.com) 14:11:53 UTC IP: 217.35.241.158 **01 / 05 / 2022** Signed by Richard Dolinski (richarddolinski@me.com) 14:12:59 UTC IP: 217.35.241.158 **01 / 05 / 2022** Viewed by Charlotte Jacqueline Louise Haitham Taylor 15:18:05 UTC (chaithamtaylor@hotmail.co.uk) IP: 85.255.237.43
Audit trail
TITLE Accounts for sign off - League of Friends FILE NAME LEAGUE OF FRIENDS...g April 2021.docx DOCUMENT ID 613934c0eb68c88af09aa500e1ba6fc8d87ea91e AUDIT TRAIL DATE FORMAT MM / DD / YYYY STATUS Completed
**01 / 05 / 2022** Signed by Charlotte Jacqueline Louise Haitham Taylor 15:22:45 UTC (chaithamtaylor@hotmail.co.uk) IP: 213.18.187.45 **01 / 06 / 2022** Viewed by Carrollanne Lindley (clindley@kilburnstrode.com) 11:42:10 UTC IP: 110.239.218.228 **01 / 06 / 2022** Signed by Carrollanne Lindley (clindley@kilburnstrode.com) 11:43:23 UTC IP: 165.225.81.116 **01 / 06 / 2022** The document has been completed. 11:43:23 UTC