2023-04-30-accounts

Charity number: 249956

LEAGUE OF FRIENDS OF READING HOSPITALS

EXECUTIVE COMMITTEE ’S REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

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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 2023

Charity registered number

249956

Principal office

Royal Berkshire Hospital, London Road, Reading, Berkshire, RG1 5AN

Executive Committee Members as at 30.04.2023

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, Resigned July 2023

Ellis Wiggins- Appointed June 2021 Rebecca Ward- Appointed June 2021 Josephine Wragg- Appointed May 2022

President:

Christina Hill Williams DL– Elected on 02.06.2021

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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 2023 (Continued)

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

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 2023

The Executive Committee presents their annual report together with the audited financial statements for the year ended 30 April 2023. 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 Berkshire Hospitals.

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 Friends's principal objective is to advance the health and well-being of the community of Berkshire by providing, in an environmentally sustaining manner, support to hospital patients and the provision of equipment, facilities and services not normally provided by the Royal Berkshire Foundation Trust and its Integrated Care System (ICS) partners.

We aim to provide support to visitors and staff at the Royal Berkshire Hospital and Wokingham Hospital.

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LEAGUE OF FRIENDS OF READING HOSPITALS EXECUTIVE COMMITTEE'S REPORT

FOR THE YEAR ENDED 30[TH] APRIL 2023 (Continued)

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.

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) Our fundraising activities during the year amongst many were: Two successful raffle draws and our Summer Fete in June. We also run a kiosk at Caversham court.

(3) In the aim of reaching out to the wider community and to ensure we are an inclusive charity, we have partnered with organisations such as Absolute Mobility who supply and fit mobility bathroom solutions and The Berkshire Wheelchair Banshees who host a series of events for those with special needs.

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

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LEAGUE OF FRIENDS OF READING HOSPITALS EXECUTIVE COMMITTEE'S REPORT

FOR THE YEAR ENDED 30[TH] APRIL 2023 (Continued)

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.

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.

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FOR THE YEAR ENDED 30[TH] APRIL 2023 (Continued)

LEAGUE OF FRIENDS OF READING HOSPITALS EXECUTIVE COMMITTEE'S REPORT

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 15[th] January 2024 and signed on 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 2023

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 2023.

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: 15[th] January 2024 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

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LEAGUE OF FRIENDS OF READING HOSPITALS

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2023

		Unrestricted	Total Funds	Total Fund
		Funds	2023	2023
	No	2023	£	£
	te	£
Income:
Donations and legacies	2	3,622	3,622	206,300
Other trading activities:
Fundraising	3	16,112	16,112	1,907
Trading Activities	3	280,125	280,125	255,691
Investments	4	3,407	3,407	254
		303,266	303,266	462,245
Total Income
Expenditure on:
Fundraising	5	10,815	10,815	4,842
Trading	5	261,840	261,840	284,459
Charitable activities	5	48,960	48,960	(46,373)
Governance		6,864	6,864	6,627
Expenditure		328,479	328,479	249,556
Net deficit/surplus before		(25,213)	(25,213)	212,689
investment gains
Net gains(losses) on		5,291	5,291	9,527
investments
Net expenditure before other		(47,467)	(47,467)	222,216
recognised gains and losses:
Net movement in funds		(19,922)	(19,922)	222,216
Reconciliation of funds:
Total funds brought forward		1,095,521	1,095,521	873,293
Total funds carried forward		1,075,598	1,075,598	1,095,521

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LEAGUE OF FRIENDS OF READING HOSPITALS

BALANCE SHEET AS AT 30 APRIL 2023 Fixed Assets Note £ 2023 £ £ Tangible assets 12 3,373 4,377 Investments 13 421,438 416,147	BALANCE SHEET AS AT 30 APRIL 2023 Fixed Assets Note £ 2023 £ £ Tangible assets 12 3,373 4,377 Investments 13 421,438 416,147	2022 £
	2023 £ £ 4,377 416,147
Current Assets Stocks 14 Debtors 15 Cash at bank and in hand	424,811 4,228 9,315 701,335	420,524 10,286 700,645
Creditors:amounts falling due within one year 16 Net current assets	714,878 64,091 650.787	721,402 46,406
		674,996
Net Assets Charity Funds Unrestricted funds 17	1,075,598 1,075,598	1,095,520 1,095.520
Total funds	1,075,598	1,095,520

The financial statements were approved by the Executive Committee on 15[th] January 2024 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 2023

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 2023 (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 2023 (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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LEAGUE OF FRIENDS OF READING HOSPITALS

NOTES TO THE FINANCIAL STATEMENTS (Continued)

FOR THE YEAR ENDED 30 APRIL 2023

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 2023 (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 2023 (Continued)

2. Income from donations and legacies

Donations Legacies Memberships Gift Aid Other income	Unrestricted funds 2023 £ 2,927 - 75 620 -	Total funds 2023 £ Total funds 2022 £ 2,927 14,667 - 179,892 75 90 620 2,774 - 6,971
Total donations and legacies	3,622	3,622 204,393

3. Other fundraising and trading activities

	Unrestricted	Total	Total
	funds	funds	funds
	2023	2023	2022
	£	£	£
Fundraising	16,112	-	1,907
Shop activities	278,449	-	255,691
Other income	1,677	1,677
Total	296,237	296,237	257,597

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LEAGUE OF FRIENDS OF READING HOSPITALS

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023 (Continued)

4. Investment Income

	Unrestricted	Total	Total
	funds	funds	funds
	2023	2023	2022
	£	£	£
Investment Income	3,407	3,407	254
	3,407	3,407	254

5. Cost split

	Unrestricted	2023	2022
	funds	£	£
	£
Trading and Raising
Funds
Fundraising	10,815	10,815	4,842
Shop Activities	257,346	257,346	261,684
	4,492	4,492	22,775
Depreciation
Total	272,655	272,655	289,301
Charitable activities
Hospital Giving	44,153	44,153	(46,373)

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	Support Costs 4,808 4,808 (46,373) Total 48,960 48,960 (46,373)
	LEAGUE OF FRIENDS OF READING HOSPITALS

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023 (Continued)

6. Hospital Giving

£

Total Grants awarded for the year 44,153

7. Income

All income arose within the United Kingdom.

8. Trustees expenses

During the year, no member of the Executive Committee received any remuneration (2022 - £NlL).

During the year, no member of the Executive Committee received any benefits in kind (2022 - £NlL)

During the year no member of the Executive Committee received any reimbursement of expenses (2022 - 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 £520+VAT for accounts preparation and review, for a total cost of £984 including VAT. In 2022 the charity undertook an Independent Examination and accounts preparation was provided by the same firm for £984 including VAT.

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LEAGUE OF FRIENDS OF READING HOSPITALS

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023 (Continued)

11. Staff Costs

The average number of persons employed by the charity during the year was as follows:

Fundraising, Events and Retail Manager Accounts Manager Retail Staff	2023 £ 2022 £
	1 1 1 1 11 11
Total
	13 13

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 £2,118 (2022: £2,264). Contributions totaling £376.50 (2022: £443) were payable to the fund at the balance sheet date.

	2023	2022
	£	£
Salaries and wages	127,191	117,442
Social security costs	1,035	450
Pension costs	2,118	2,264
Total	130,344	120,156

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LEAGUE OF FRIENDS OF READING HOSPITALS

	NOTES TO THE FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 30 APRIL 2023(Continued)
12.	Tangible fixed assets
		Shop fixtures,
		fittings and
		equipment
		£
	Cost
	At 1 May 2022	317,074
	Additions	3,489
	At 30thApril 2023	320,563
	Depreciation
	At 1 May 2022	312,697
	Charge for the year	4,494
	At 30 April 2023	317,191
	Net book value
	At April 2022	4,377
	At April 2023	3,373

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LEAGUE OF FRIENDS OF READING HOSPITALS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023 (Continued)

13.	Fixed asset investment
			Unlisted
			securities
			£
	Market Value
	At 1 May 2022		416,147
	Revaluations		5,291
	At 30 April 2023		421,438
	Investments at market value comprise:
		2023	2022
		£	£
	Unlisted investments	421,438	416,147

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 2023 (Continued)

1. Fixed asset investments (continued)

2. 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 2023 were as follows. Investment portfolio is subject to review during the forthcoming financial year.

financial year.
	2023
	£
Fund Description	Value
Balanced Managed Class M	29,973.63
Corporate Bond Class M	8,998.69
International Equity Income Class M	39,674.00
Managed Growth Class M	29,623.59
UK Equity Income Class M	63,243.95
Worldwide Income Class M	37,545.85
Global Equity Class M	32,685.77
Global Growth Class M	34,695.17
Global Value Class M	42,686.98
Strategic Income Class M	29,782.16
Strategic Managed Class M	30,076.78
Sustainable & Responsible Equity Class M	42,451.40
	-
Total	421,437.87

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2022 for comparison:

2022 for comparison:
	2022 £ Value 29,827 9,293 31,005 32,489 36,007 40,611 41,005 30,277 31,289 29,023 39,179 29,733 36,393 416,137
Fund Description
Balanced Managed Class M
Corporate Bond Class M
Equity Income Class M
Global Equity Class M
Global Growth Class M
Global Value Class M
International Equity Class M
Managed Growth Class M
Strategic Income Class M
Strategic Managed Class M
Sustainable & Responsible Equity Class M
UK Equity Income Class M
Worldwide Income Class M
Total

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LEAGUE OF FRIENDS OF READING HOSPITALS

NOTES TO THE FINANCIAL STATEMENTS

	FOR THE YEAR ENDED 30 APRIL 2023(Continued) Stocks 2023 £ 2022 £ Finished goods and goods for resale 4,228 10,286
14. 15. 16.
	Debtors 2023 £ 2022 £ Gift aid rebate Other debtors Legacy receivable Trade Debtors Prepayments and accrued income 488 - - 3,948 4,880 2,849 36 - 2,298 5,287
	9,315 10,471 Creditors: Amounts falling due within one year 2023 £ 2022 £ Trade creditors 12,789 10,996 Other taxation and social security 8,029 190 Other creditors 41677 33,255 Accruals and deferred income 1,597 1964
	64,091 46,406

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LEAGUE OF FRIENDS OF READING HOSPITALS

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023 (Continued)

	2023		2022
Deferred Income	£	£
Deferred income at 1 May 2022	1,010		-
Resources deferred during the year	75		1,010
Amounts released from previous years	1,010		-
Deferred income at 30 April 2023	75		1,010

17. Statement of funds

Statement of funds- current year

	Balance at	Income	Expenditure	Gains/	Balance
	1 May			(Losses)	30 April
	2022				2023
	£	£	£	£	£
Unrestricted	1,095,521	303,266	(328,479)	5,291	1,075,598
funds
All funds	1,095,521	303,266	(328,479)	5,291	1,075,598

Statement of funds- prior year

	Balance at	1	Income	Expenditu	Gains/	Balance
	May 2021			re	(Losses)	30 April
		£				2022
			£		£	£
				£
Unrestricted	873,304		462,245	(249,556)	9,527	1,095,521
funds
Total of funds	873,304		462,245	(249,556)	9,527	1,095,521

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LEAGUE OF FRIENDS OF READING HOSPITALS

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023 (Continued)

18. Analysis of net assets between funds

	Unrestricted funds	Total funds
	2023	2023
	£	£
Tangible fixed assets	3,393	3,393
Investments	421,438	421,438
Current assets	714,878	714,878
Creditors due within one year	(64,091)	(64,091)
	1,075,598	1,075,598
For the prior year (2022)
Tangible fixed assets	4,377	4,377
Investments	416,147	416,147
Current assets	721,402	721,402
Creditors due within one year	(46,406)	(46,406)
	1,095,520	1,095,520

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LEAGUE OF FRIENDS OF READING HOSPITALS

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023 (Continued)

19. Operating lease commitments

At 30 April 2023 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	2023 £ 2022 £ 15,000 15,000 6,450 21,450
	21,450 36,450

20. Related party transactions

There were no related party transactions in the year (2022 – none).

29

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