2021-01-31-accounts - League Of Friends Musgrove Park Hospital

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HeferenceandAdministrative lnformation	'l
Report ofthe Trustees	2-6
lndependent Examiner'sReport	7
Consolidated StatementofFinancialPosition	I
Consolidated Statemento{ FinancialActivities	I
Consolidated Cash Flow Statement	't0
Notes tothe Consolidated Financial Statements	11-15

	Note	TheGroup 2920 2021	TheCharitv 2021 2020
		g e
FIXED ASSETS Tangible	213	301,318 320,825	299,524 318,583
CURRENT ASSETS
Stock Debtors and Prepayments Bank Balances Cash	4 5 16,736 4,677 1,779,984 650 w 15,429 4,983 1,542,191 4,211 1,566,814		zt,geo ga,zos 1,732,7231,422,622 33 211 @ -Tsztpe6
DEDUCT:CURRENTLIABILITIES Creditors due withinoneYear		15,893	3,660 1,300
NET CURRENT ASSETS		1,786,'154	1,519,796
TOTALNET ASSETS	J,ogZJ{J_=lgqgflg_		?,05qf9!-l,g$Jzg-
INCOME FUNDS Restricted Funds Unrestricted Funds-Designated UnrestrictedFunds- Undesignated	I 9	38,452 192,695 15,027 367,222 1,856,3241,487,470 2,087,4711,869,719	38,452 15,027 192,695 367,222 1,825,433 __?I56,58L_1,838,929_

ConsolldatedStatementof Financial Activ forthe YearEndgd31Januarv2021	itiga
		2021 Unrestrieted lunds c	2021 Bestricted funds €	2021 TotalfundE T	unreltrictfi tunds EE		-.ffi lunds
	llole
INCOMING RESOURCES
Donations and Gifts Legacies and Estate lncome Received lnlerest Received		29,507 581,933 3,361	25,300	54,807 581,933 3,361	44,750 163,719 7,798	37,420 163,719 7,798
Fundraising Activities Other income Gross lncomeofTradingSubsidiary	11	3,791 750 242,276	b-	3,791 750 242,276	27,088 700 455,058	27,488 700 455,058
Governmentgrants receivedinTradingSubsid11 TOTAL INCOMING BESOURCES		26,333 887,951	25,300	26,333 913,251	'I13	691,783
Expenditure on:
Raisino funds
Costs ol Trading Subsidiary: CostolSales Administration Expenses Depreciation	11 11	174,952 70,374 M8		174,952 70,374 448	298.571 63,379 914	298,571 63,379 914
Charitable Activities
Direct Charitable Expenditure Management&Admin ghop refurbishment Depreciation Onproiects	7 1d	10,321 916 19,059 417,554	r,ezs	10,321 916 19,059 415,429	5,087 1,032 19,080 148,266	5,087 1,032 19,080 137,175
TOTAL RE$OURCES EXPENDED		---mfe4*	___lf_r_5_	-!6Ea6o-
NET INCOMING RESOURCES.		194,327	23,425	217,752
Fund Balances brougfit forward at1st February		1,854,692	15,027	1,869,719
FUND BALANCEScarrled lorward
at 31stJanuary		lMp19	_9eJre	_2J8f,4rL

t!:aqueolFriendsMl*Sqrove ParkHospital
ConsolidatedCashFlowStatement at31Januarv	2021
	2421	2A20
	g	E
Cashflows from operalingactivities
Net movementinfunds	230,869	173,804
Cashflowfrominvestingactivities
lnterest income Purchase of tangiblefixedassets	3,363	7,798 (2,242)
Net cashfrominvestingactivities	3,363	5,556
Decrease in cash andequivalents	-w	-ffi0-
Total funds at beginningofYear	1,546,402	1,367,042
Totalfundsat endofYear	-78-',E'5r
Reconciliationolcashflows froELoperatino activities
	2921	2024
	g	f
Netincoming resourcesfor the reporting period	217,752	162,784
Adiustmentsfor:
Depreciationcharges	19,507	19,994
Interestfrominvestments	(3,361)	(7,7e8)
(lncrease)/Decrease in stock	(1,307)	(2,764)
(lncrease)/Decreaseintradeandotherdebtors	306	(488)
lncrease/(Decrease)intradeandother creditors	e,a28)	2,476
Netcashprovidedbyoperatingactivities	230,869	173,804
Analvsisofchangesinnetfunds
	31t01t202'.1	CIlt02t2029
	fL	t
Cashand in hand andin bank	1,780,634	1,546,402
	31t01t2020	01t02t2CI'19
	c	E
Cashandinhand andin bank	1,546,402	1,96?w

TANGIBLEFIXED ASSETS
Group COST/BOOK VALUE	FreehqldLeasehold Landandimproveme Buildinas ntg Eouiprnent tEggg			Furnilure &Fittings	Total
To31stJanuary2020	70,000276,5_4A25,5_6724,577				396,684
Additions
Disposals To31stJanuary 2021	7O,OOQ276,544 25,567 24,5V7				396,684
DEPRECIATION To31st January 2020		40,482	22,360 13,0'17		75,859
Forthe Year		13.827	821		19.507
To31st January2021
NETBOOK VALUE
At3.1stJanuary202'1
At31stJanuary2020
Charitv	Freehold	Leasehold
	Land and	imorovema		Furnlture
	BuildinqC E	nts E Equipmeni g		&Fittinqp gg	Iotal
COST/BOOK VALUE To31st January 2020	70,000	276,5-40	2,2-05	24,577	373,322
Additions
Disposals To 31st January2021	70,000	276,540	2,205	24,5V7	373,322
DEPHECIATION To 31stJanuary2020 FortheYear	- -	40,482 13,827	1,240 13,017 373 4,859		54,739 19,059
To 31st January2021
NETBOOKVALUE At3lstJanuary2A21 At 31st January2020	70,000r?2,?31 ?0CIq92q9,q58		,

	Theremaininglandhasbeenprofessi agriculturaluse.	onally valued at	870,000on the	basis of existing
		2ffi1		'29
4.	STOCK Finished goodsforresaie	TheGroupTheChariiy tt 16,736 -		TheGroupThe sg 151429	Charilv -_
5.	DEBTORS DUE WITHINONEYEAH
	Other Debtors			4,256	97,536
	Prepayments andAccruedlncome			727	727
6.	CREDITOHSDUE WITHIN ONEYEAF
	Trade Creditors	7,624	1,550	7,953
	VAT	4,358		o,.J.,/
	Accruals	15,89,3=,.3,96q 3,911 2,110		3,630 u,9?q	1,300 1;0.0

EXPENDITURE ON CHARITABLE ACTIVITIES
Directcharitable activities	Undesiqnaied !gg-	DesionatedBestricted 417,554 1,875	Total202'l Eg 419,429	Total2020 148,266
Support costs: Bungalow and Shop refulbishment 'Marketing and Fundraising Consultants Audit and Accountancy Depreciation Other	916 1,195 2,000 I9,059 7,126		916 1,195 2,000 19,059 7,126	1,032 504 1,462 19,080 3,121

RESTRICTEDFUNDS
	Balanceat		MovemenlinFunds		Balance at
	lstFebruarv 2o2o gtgg	lncominq ResourcesUtilisedReleased			31stJanuarv 2021 g
Hestercombe garden	605				605
Bungalow Donation	1,575			(916)	684
Mobile Kidney Machine-legaey	10,000				10,000
Dunkery(stroke) Ward	201				201
EliotWard	187				187
Acutre Medical Unit	307				307
Cardiology	213				213
Beacon Centre	960				960
Ward9	151				151
Bracken Birthing Centre	684			(684)
ICU(Minehead 41 Club)	50				50
ICUin memoryDeanThompson	94				94
Ultrasound Vein Scanper(Dumpleton) Cooper Maternity&A&E		25,000 275		titst	25,000

DESIGNATED FUNDS
Dementia friendly games and aciivities (frombo	Balanrp a! 1stFebruarvNew 2420 De$ionations gt 300		Utilised	Released ! (300)		Balance at 31st Januarv 2021 I
Nasoendoscope ENT Flexible lntubation Video Endoscope	1,210 5,630				(1,210) (5,630)
Gynae HystEroscopes T&O high speed burr	44,000 11,000		tss,3zol		(4,6_241	11,000
Specular Microscope	4,505				(4,505)
Exmoor Ward TV	200					200
MP3 players -redementia patients(F2doctors)	BO					80
Paediatric diabetes dieticians' equipment(bookr Anti choking training equip Bracken Ward & birlhing pool Materniiy new born kits	320 660 299,316 -	877	(62s) (299,316) (242)		i'	3_20 635
Transfer aid - Sara Stedy AMU	-	820	(820)
AAC devices (ipad$etc)	-	4,400	(3,844)		(5s6)
Portable paediatric tesVfitting solution	_	8,500	(8,250)		(2s0)
Endoscopy Scope Guide and Monitor	-	45,815			(45,815)
Urology Cystoscopesx4 ENTOPD Deeontamination Machine Ultrasound Machine	- - -	98,000 32,850 25,293	(3e,420) (2s,293)		6,570	98,000
FernWard garden area Duplex machine vascular surgery 3D Model scanner	- _ -	1,260 64,000 17,200				1,260 64,000 17,200

	Unresiricted	Restricted
	Funds	Funds	Total
Fund Balances at31st January 2A21 are		I
representedby:-
TangibleFixedAssets Current Assets Current Liabilitie$	301,318 1,763,594 1	ea.isz	30'l,318

A summaryoi'itstrading r	esult for lhe	year ended 31st Januaryisshow	nbelow.
			?02L	2020
			E	g
Turnover			z.+t-zIo	455,058
Cost of Sales Gross Profit			174,g52 67,324	298,571 156,487
Other lncome
Government grants received			26,333
Administration Expenses		-Statf Costs (see note12)	59,837	55,046
		-Accountancy -0ther	1,773 8,764	1,746 6,627
			70,374	63,379
DepreciationofFixedAssets			448	914
NetProfit			22,835	92,194
Gross paymenttothe Charity as Gift Aid			(23,283)	(90,645)
Hetained in / (Withdrawn	from) the	subsidiaryundertaking	{448)	1.549
12. STAFF COSTS	-The Group
Wages and Salaries			55,901	51,513
Social Security Costs			3,936	3,533
			59,837	55,046
The average weekly numberolemployees was
13.MANAGEMENT AND ADMINISTHATION EXPENSES
Marketing and Fundraising Consultants			1,195	504
Audit and Accountancy (lncluding lndependent Examination)			2,000	1,462
Other			7,126