2024-01-31-accounts

rlhFY 31 Mcvhans SiJit8 B, Bla(kn HD1ts8 Ta￿t( TA1 2PX

ue ol Frl8nds Mus rove Park Hos Contents of th Flnanclal Statements for the Ye r Ended 31 Janua Page Reference and AdminislralNe Inforfflation Report of the Trustees 24 Independent Examin8Vs Report Consolidated Statement of Financi￿ Position Consolidaled Stslement of Financial Activities Consolidated Cash Flow Statement 10 Notes to the Consolidated Financaal Statemerts 11-16

Lea ue of Frlends Mus rove Park Hos Ital Referenc8 and Adminlslratlve Intomiatlon PRESIDENT: Mr Clinton Rodgers DL TRUSTEES: Mr C 8arrell Mrs A Bartaby Mrs J R Bro￿￿ (resigned January 2024) Mr V Cinque Mrs H Corcoran Mrs S Ewan Mr M Fry (deceased Juty 2023) Mr N Ha￿lbury Mr C Hawkins Mrs E Kingston Mrs J Lucas Mr A Nixson (resigned September 2024) Mrs J Parsons Mr P Renshaw (de￿ased September 2024) Mr P Shelley {reslgned July 20231 Miss J Steer (deceased June 20241 Mrs C Walemian-smith (resigned February 2023) SECRETARY: Mrs A Bartaby ADDRESS OF PRINCIPAL OFFICE: League of Friends Shop Musgrove Park Hosrmkl Taunton TA15DA REGISTERED CHARITY NUMBER: 250797 INDEPENDENT EXAMINER.. Monahans Chartered Accountants Suile B Blackdown House Blacld)rook Parl( Avenue Taunton TA12PX BANKERS.. Lloyds Bank plc 31 Fore Street Taunton TA1 1HN Page I

Lea ue of Frlends Mu rove Park Hos Ital rt of the Trustees tor the Year Ended 31 Janua 2024 The Trust8es present their report wlth the financaal statements for the year to 31 January 2024. The lull name of Ihe charty is League of Frlends Musgrove PaFI( H05Pital. The Gharity whose registration number is 250797 is a voluntary body govern8d by a constitution and managed by trustees. The subsidiary undertthng is H05pitai Friends (Taunton) Ltd, a company having a share capital, registered in England and w￿es, number 02559526. Trustees are elected to serve on the executtve commtttee for a period of three years. One third retires each year and may offer themselves for re-election. The commillee has the power of co-option during the year. Objects and Actlvlties al To mobilise, encourage. foster and maintain the inleresi of the public in the and to support the work of the hospital by means of voluntary Se￿1￿. b) To raise funds and invite and receive contributions from any person or persons or organisations whatsoever by-way of subscription, donation or othewse to supplement in such a manner as the League think fit. the resources of the hospital service in cOnsU￿allOn with the Taunton and Somerset NHS Foundation Trust., c) To recruit voluntary workers for the League in the hospital. d) To co-operate with all other b(MJies for benefrt of the hospital service,. e) To encourage int&rcommunication arKI co-op8ration with 0th8r Leagues of Friends of Hospitals or with other similar bodies: fl To do all such other things as are incidental or conductive to the attainment of the above objecis or any of Ih8m. The charity's activities deliver a publ￿ benefti as referred to in the guidance contained in the charty commission's general guidance ot which note is taken when reviewing our ams and objeGtives and IN planning our fulure acliviiies. patients Responsiblllties ot Ihe Trustees Charity law requires the Trustees to prepare financial statements for each financial year which give a Irue and fair ￿eW of the stale of alfairs of the charity at Ihe yoar end and ol its income and expenditure durirwJ that year. In preparing those financlal statements. th8 Trustees are required to- al Select suitable accounting poli￿eS and then apply them consistently: b) Observe the methods and principle5 in the Charities SORP; cl Make judgemenls and accounting estimat8s that are reasonable and prudent. dl State whether applicable accounting standards have been followed subject to any material departures disclosed and explained in the financial statemenls. and e) Prepare Ihe financial stateThents on the going concern basls unless it is inappropriate to presume that the chaiity vlill continue to operate. The Trustees are resp)nsible for keeping sufficienl accounting records which disclose with reasonable accuracy at any lime the financial wsition ol the charity and enable them to ensure that the financial statements comply wilh the Charilies Act 2011. They are responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and delection of fraud and other irregularities. Page 2

ue of Frlend8 Mu$ rovè Park Hos ortotlheT h Y r Ended 31 Janua 41cont Pollcles Rlsk pollcy: The Trusl88s hav8 given consid8ration lo the major risks to which th8 Charity IS gxpos8d and have sab'sfied themsafves that systems and prcKedures eslablish8d in ord8T lo manage risks. Risk management has been d¥￿￿ed al tength at Irustees, meetings during the year. Re8thve8 Pollcy: The Executive Ccthmittoe rewewed the Policy in January 2023.The charity has some susc8Ptibtlity to outside inllu8nces in th& fDftn uf other Ghariti@S competing for fuNdrai5ing in the same area. However although the atrflity of the charity to make grants and contribuhons lo the hos￿￿1 nge(Is lo ￿ Sat￿JUaTded in the short term. the trustees do not ￿lOCate funds against bids frcmn Ihe hospital In a¢j¥ar￿ of funds receiv8d, so do not consider that significant reserves are required. al U the hospital is unable lo spend funds designaled for a particular scheme wilhin 18 months (or longer if there are particular reasons for a delay), the designation ￿11 be released and the funds made aVaila￿e for new bids the lollowryThJ ye￿. bl ReseNes need lo cover an amDunt equrvderrt to the annual administration costs arKI any contractually committed expendÈture. Addihona]ly the Iruslees wish to hold an emergency OP8Tating res6Yve equivdent to 3 months staffing costs of Hospital FrigrKJs {Tauntonl Ltd. Investment Policy: The Executive ComrTtittee atvoved the Poly in January 2023. a) The assets of the charity rnust be invest&J in a¢xordance with Ihe goveming instrument and the Truslee Acl 20(KI. b) The Gharlty has the power to invest in land arKI buildings and investmenl assets. Gl The over¥1 investment objectives are to create sulf￿lent in¢ome and capital growth to enable the charity lo cary out its purposes ¢onsislently year by year with due and proper consideration for future needs and the maintenance of: and rf possible, enhancemenl of the value of the invested fund5 they are retained. dl In line wilh the NHS ethos, the charity not invest directty in companles manufacturing tobacco, armaments or alcohol. el Both capital and income may be used at any time fly the lurtherance of the charitys aims and the partfolio should b& managed on a lotal retum basis. fj The Gharily will keep a sullicienl level ol cash reserves in the form ol bank dewsits. Grant Maklng Policy: The funding lo be albcated lo trwHtal wojects is reviewed annually and the Executive Commillee invrtes 'bids" froffl the different departmerrts wlhin the hospital for the provision of equipment andlor fathlities as aFproved by Ihe Trust management. These bKLs are considered by the ExerxrtNe Committee in the light of reserves in hand and other non-financial crileria. Those thich are succe&8lul are then designated as commitments for future funding. The Trustees do not allocate funds against bids in advance ol the re￿Ipl ol sufficienl funds to meet Ihem. The Trustees have also introduced a small grants sch￿¢ whereby individuat wards can aF4)ty directly lo the committee for items up to £5,000. Trustee Induction Before new trustees are vot8d on at an AGM, they will atteTKI meetings in a rKm-VOting capacity to enable them to und8rstand the wothings ot the charity. New Iruslees wll receive a copy of the accounts and an induction pad( setting out the duties and responsibilities ol trustees and incofpcffating a Ccth of Govgrnarice together with Charity Commisslon guidance. On apFointment new trustees are rryuired to sign a trust declaralion. Trustees aro not etrtilled lo re¢￿ve any paym8nl out of Ihe chariws luTrYs other than reasonaue and necessary out-ol-pcd(et expens95. Page 3

Lea ue of Frlends Mu rove Park Hos Re ort of the Trustees for the Year Ended 31 Janua 20241cont Flnanclal Revlew D8tails of incoming and outgoing resources are set out on page 10. The trading subsidiary was able to donat8 £37.7361o the charity for 2023124 (2022123: £41 ,109). The costs of building the shop V￿re met by the charity. The shop is leased from the Trust over a terTn of 20 years, after which time Ihe building will revert to the Trust. Accordingly the property has been deprecialed at a rate that writes the building costs off over that period. Where does our money come from? (Xher than shop profits as above, the charl￿S income was £148,000 for the year ended 31 January 2024 (2022123: £1.200,000). Of this £59,50012022123: £1:159.000) was from legacies. Interest on cash res&Nes wa5 £46:500 {£2022123 £8,000). This volatility of income is taken into account in the LeagLJe's grant making policy. What is our mon8y spenl on? During the year £1,734,000 was spent on hospital projects and equipment12022123: £198,000). Of this £1.5m represented a surgical rotol vthich had been agreed in the previous year. As the main charity does not employ any statt or paid fundraisers. cosls on administration and governance are low and totalled £8,20012022123: £7.5C4J) for the year. There were commiimenls left at Ihe end of the year on schemes agreed for the hospilal of approxmiately £276,000. Cash reserves were sufficient lo cover these commitments carried forward into 2024125. Apart from STnall granls no further funding has been agreed since February 2023. Looklng ahead The trustees consider the charity to a going concern and the fLrture position to be salisfactory. During 2024 the shop has been abte to increase opening hours and tumover. The recruitment process for volunleers has been reviev￿d vAth the Trust and the tr0118y service re-introduced. Commitlments to furKI equipment an(1 facililies are not made until funds ljecome available. Change of Pre51dent In January 2024, Dr Chris Gutting, a former A&E consuttant at the hospilal, who had been Presidenl of the League for the past 25 years stepped down from the role. Although not formally a charity trustee the President Is invaluable as toth the public face of the League and a source of guidance to the Ix)ard of trustees. He has been replaced by Clinton Rogers, who for many years was the BBG'S correspondent in Somersèt and is a DepLty eutenanl for the county. Page 4

Lea ue ol Frlends Mus rove Parf( Hos ital ort of the Trustees for the Year Ended 31 Janua 20241cont Chairman's Statement on behall of the Trustees l am very pleased lo b8 able lo report another very successful year. The charity has continued to raise tunds from Ihe public by way of donations and through legacies which have been used to support Musgrove Park Hospital. The Shop continues lo flourish and sales of coffee and tea remain high meaning that once the cost of the paid staff is covered all profits can be used for equipment in the hospital. Many peop18 comm8nt on the friendly attitude of the volunteers serving in the shop. It has been possible lo extend the opening hours inlo Ihe earty evening with a new part-time member of stalf employed. together with additional volunt8ors. Bastable Lodge (the Bungalow) continued to be used by relatives of patients requlring emergency accommodation and we continued to receive heartf8h letters of appreciation along with donations. This provides a v￿Y ol ajlowing people from further afield to be closo to Iheir critically ill relatives and allows some respite at these difficult times for the famili8S. We have continued to support the hosptlal through the wrchase of equipment and last year, thanks to two large legacies and donations the League of Friends Musgrove Park Hospital was able to provide £1.5 rnillion to intrcKluce robotic surgery. This is the largest granl the League of Friends in its 60 years and keeps Musgrove Park Hospital at the forefront of medical developments. Initially u￿1 for colorectal surgery. il has made a huge drfference to the experience of both the patierrt and the surgical team. It has now been extended lo additional s￿CIalities, such as urology and gynae-oncology. In addition, the League of Friends was able to allocate funding for Macular treatrnerrt (£187.000) and UroltyJy equipment totalling in excess of £2￿1.1￿m). The small grants scheme {for items C￿sting up lo £5,0￿) conlinues to txove popular wlth money allocated to a variety of PTC4ects arou￿1 Ihe hosptal and in different departments. During the year a magazine FThluced by Smile has LEen produced outlining what the Loague does and providing info￿natiOn to patierrts about the hospital. This has proved very popular not only providing a source of information abDUt the hospilal but also funding for the League from advertising. The last year has again been an interesting, challenging and enjoyable year and l a indebted to the members of the Executive lor Iheir worf( and support and lo a15 the volunteers who have helped in a variety of roles. Through the 8fforts of the volunteers all donalions and legacies to the League of FrieTKJs go lo support Musgrove Park Hospital. Over Ihe last couple of years, Ihe League of Friends has benefilted from people leawng a legacy, which has meant that we can continue to fund large items of equipment. We are grateful to those who had the foresight to leave funds for the League of Friends for use in the future. The cost of ary paid staff in shop is o)vwed by ss arKI any SU￿￿uS from the shop also goes towards helping the hosprtal vrith equipment. Page 5

Lea ue of Frlends Mus rove Park Hos ort of the Trustees for the Year Ended 31 Janua 20241conl Chalrman's Statement on behalf of the Trusteeslcont My thanks, therefore. to everyone invofved wth the League of Friends Musgrove Park Hospital. MLssgrove Park Hospilal continues to face challenges and l am confident that the League of Friends will continue to support the hospital lor the benefrt ol patienls and slaff in the coming year. None of this would be possible wthout Ihe support from the public and I thank everyone who has supported the League of Friends Musgrove Park Hospital over the last year. It is a great honour to be elect8d Chairman of the League of Friends, yet at the same time it is a position l accept with great sadness. Our chai￿an for the past 10 years, Pet8r Renshaw, sadly died in September afler a long and brave battle with cancer. H8 was a truly dedicated, inspirational Chairman and his presence and counsel will be greatly missed. Our thoughls are with his family at this difficuli time. On behalf of the Trustees ndbury Acting Chairman Dale: Page 6

Lèa e of Friends Mu rove Park H Inde end Ex mln ort For the ear ended 31 Janua 2024 To the Trustees of The Lèa ue of Frlends of Taunton Ho I report on the accourrts of the charity lor the year ended 31 January 2024. which are set out on pages 8 to 16. Respectlve responslbllltles of trnstees and examlnars ol the accounts As the charily's trustees, you are respons1k￿e for th8 preparation of the a¢￿Unts in accordance with the requirements of the Chariiies Act 2011 Ilhe Acf). I report in respect ol my examination of Ihe Charitys a(%ounts carried OLrt under section 145 of the 2011 Act and in carrying OLrt my examination, I have fdlowed all the applicable Directlons glven by ihe charity Commission under seclton 145(51{b) of the Acl. Basls of Independent examlnerfs report My examination was carried out in a￿rdance wilh the general directions given by the Charity Commission. An examinalion includes a remew ol the accounting records kept by the charity and a comparison of the accounls presented with ihDse rewrds. It also incIL￿eS consid8ralion of any unusual items or disclosures in the acwunts, and seeking explanations from the twstees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audtt, and consequellly no opinion Is glven as to whether the accounts present a Irue and fair view and the report is Ilmited lo Ibose matters sel out in the statement below. Independent examlners. slalement I have completed my examination. I confirn that no matertal matters have come to my attention in connection Mryth the examination whtch gives me cause to believe that in. any material r8spect-. the accounting records were not kept in accordance wtth section 130 of the Charities the accounts did not accord with the a(xounling re￿rds. or the accounts did nol comply wtih the aFplicable requiTeFllents Con￿rning the form and content of accounts set out in the Charities {Accounts and reports) Regulations 2008 other ihan any requirement that the accounts give a Irue and fair. wew ￿lch is not a matter considered as part of an independent examination. I have no concerns and have come across no oiher matters in conneclion with the examination to whith attentron shouk1 be drawn in this report in order to enable a proper understanding of the accounts lo be reached. iona Westwood, FCA, DChA Monahans Ghartered Ac¢ounls Suite 8, Blackdown House Blackdown Park Avènue Taunton TA1 2PX Page 7

Lea ue of Friends Mus rove Park Hos Ital Consolldaled Statement ot Financial Posltlon as at 31 Januar 2024 The Grou The Chari 2024 Note 2024 2023 2023 FIXED ASSETS Tangible fixed assets 213 268,276 266,845 267,147 265.435 CURRENT ASSETS Stock Debtors and Prepaym8nls Bank Balances Cash 19,666 7,464 1,670,795 3,370 1,701.295 17,246 5,099 3,166,136 1,316 3,189,797 26,105 1,618,147 46,104 3,076,767 1,644,252 3,122.871 DEDUCT:CURRENT LIABILITIES Creditors due within one year NET CURRENT ASSETS TOTAL NET ASSETS 131,524 1,559,771 1 838,047 44,848 3,144,949 3,411,794 101,500 1,542,752 1,809.899 5,000 3,117,871 3,383,306 INCOME FUNDS Reslricled Funds Unreslricled Funds- Designated Unrestrlcted Funds- Undesignated 52,992 275,538 1,509,517 1,838,047 52,290 2,037,185 1,322,319 3411794 52,992 275,538 1,481,369 1 809 899 52.290 2,037,185 1,293,831 3 383,306 Approved by the Trusleos and signed on their behalf by.. ury - Actin rman Mrs H Gorcoran - Treasurer Dale 11 Ockl Page 8

llu 2023 2023 INGOMINO RESOUA¢E8 Donallons arrfj Grfis L#gaue$ 8nd Eskats ￿eC￿¥￿I Intgrg£l ROc￿Ved FU￿r￿sINg AahthU05 hor Incomg GrLW olTradiry SL8￿V￿ry ,711 59,479 26,￿8 1.Isg,713 1,WO 59.479 1.158,713 4.416 4.416 750 4N8S) 478.8 262'.78 362.178 Exwdhurn ON: Ra￿ Costs DtTradlno SubId￿￿. Std Sales A(hThnistrdlion EXp￿S 0eprg(xation 349,114 349.114 t37.421 65.791 237N21 85,791 Dlre¢t Ch£nIab￿ EFpwdNure kla￿a9￿ment & Athlln Shcp refutrlshrneni 7A35 66 15,162 197.48S ln 17 1.7a3.782 17,3&3 1,n4,032 15.162 197. On prol TOTAL RESOUR1￿ ÉXPtr4DED ?52 NET McfAIIIG RESOURGES ￿￿74.4 115n.7481 I,D17,8rk 1x117,125 747 Fur ILYward &11s1 Fgbruary &359.5t6 8.411.rn5 a393.922 2.342Th9 51,543 FUNO BALANCES c*11￿ wor￿ al 31rtJuvJllry 11.7B4 4359M04 52,29D Pw9

ue ot Frlends Mu rove Park Ho Consolldated Cash Flow Statsm 31 Janua 2024 2024 2(VlJ Cash flows from ope￿Ing a¢llvltles Nel movament in funds {1.517.578} 1,042,861 Cash flow frorn Investlng athlvllles Inlgrest income Purchase of tangible lixed assets 46.568 119,0951 7.693 Nèt cash from invesllng acbwtl8S 27.473 7.693 Increase in ¢ash and equival8nls 11,490,105} 1,050.554 Total funds at beginning uf year 3.167.452 2.116,898 Total lunds at ond of year 1,674.165 3.167.452 ReconGIII cash flows froffl ra adlvltles 2024 2023 Not Incomlng resources lor the reptyfjrrfj perlod {1,573,748) 1,017,872 Adlu$tments for: Depreclation charges Interest from investments 20.847 146,5681 15.515 (7.6931 Ilncrea5el/Decrease In stock IlncreasellDecrease in trade and otherdebtors Increa5ellDe¢reasel in trade and otherueditors {2,420) 12,365) 86,676 (3,4641 1501 20,681 Net cash provlded by operatlng artlvltles 1,517518 1042.861 Anal 51s of th ES In netfunds 31mo024 0110212023 Cash and in hand and in b3nk 1,674,165 3,167.452 3110112023 01A)212022 Cash and hand and in bank 3,167.452 2,116,898 Page 10

Mu Notss to olldated Flnan f the Yew Ended 31 Janua I. ACCOUNMNG POLICIES General informallon and basls of pr8paratlon Th8 chartty Is an unincorporated charrtable trust The finarwl s131ement5 have been wepared in accordance with th8 'Slat8ment ol Recomrngnded Practice= Accwnting and RepJrb"ng by Charrtl85. weparing Ihoir accounts in accordance with Financi& ReFx)thng Standard5 appbcatle in the UK and Rewblic of Ireland IFRS 1021" and the Charities Act 2011. The Ilnandal sttements have beèn rwepaied u￿1￿r the his1￿cal cost convenuon wlth It8n￿ recognised al cost or transaction value unless (rtherwise stated in the le￿an1 notes. The financial statements have been ￿epared to give a true arKi f•r view. The chartty constltules a puljic benefit entity as defin￿1 by FRS 1￿2. The linancial statements are prepared in stsrfir#J whith is the functional wrr8ncy ol the tharity and rwnded to th8 n8aresl pound. There ar8 no Sign1￿Cant areas ol iudgemwrt ￿ koy sour￿5 Df estimation uncertanty. The trustees eonsider there are no materi& uncertainties atM)ul the gwp's and charitys abilty to COn￿nu8 as a golng corthrn. Income All incoming resources are recognised once the group and charity has entruement to the resrxjrce and it 15 probable that the resource wlll be recetved and the monetary v￿ue of the resouTce can be ffteasured WTth sufficient reliabiKty. Expendlture Liabilitie5 are recogniwj as resour￿ expend&Y as soon as Iheie is a legal or construGtive obligation cemmitting th8 group and charty to the eytEn(ture. Al eXpernth￿￿ is a￿oUnted lor on an a¢cruals basis and has boen classrf1￿1 under the tollowNJ headings.. Ralslng Funds Costs ol generating funds c(￿p￿seS all cosls asrriated with raSslNJ through dfferenl projects. Charitabte Actlvllies Charitable aclivilies comprise ail costs diredty incurr￿1 in uwKlert&￿w &livilies lo ILJIfiI the ch&ities objectives. Consolidatlon The unaudited accounts of H05Pital FrierKls (Taurrtonl ￿mI[&￿ are consolidated with thos8 01 the tharity as at 31 Jalluary, this being the normal acuunbbYJ date of LvJth entttses. Depre¢lation Depreciation is caculaled to wrrte off Ihe Lyjsl )IX￿ assets over thelr esllmat8(l useful lives at the fofbwing ralgs.. Shop Fittings 5% otrice Equiwenl 15-25% Other Fumitsjre and Frttsw 20-25% stock SIoGk is values at the lower ol cost and rt realisthe value. Fund kcountlng Rostricted funds represert funds received by the charity lor parlKAJlar purrK)ses as directed by the donors. In aadilion funds allocated by th8 ExBCUtive Committee lor pwtscular projects but not expended are classrfied as Destgnated Funds. No provision is madè lor future expendtlure on restriGtwJ or designated luThJs. Page 11

1. TANGIBLE FIXED ASSErs Lan Flttl COSTIBOOK VALUE Al 31st January 2023 Additions Disposa18 At 31st January 2024 276,540 25.977 24,5TI 19.095 17.530 142 397.094 19,095 17.530 659 DEPRECIATION Al 3151 January 2023 Forthe Year Elirnination on dlspos At 31st January 2024 81.964 13,827 24.444 4841 3,541 130,249 17,664 24.740 52 147 913 NET BOOK VPLUE At 31 st January 2024 At 3161 January 2023 I￿,749 194,576 736 266045 nda 8ui Fllt CQSTIBOOK VALUE Al 318t January 2023 Additions Disposals At $18t January 2024 70.(KX) 24,577 19,095 373,322 19,095 17,530 374 276 DEPRECIATION Al 31st J2nuary2023 Fof Iho Year Elir￿nat.0n on di8WS At 31st January 2024 81, 13.827 23.841 1541 107,887 17,383 17.530 107740 15 NET BOOK VALUE At 318t January 2024 At 31st Jarnwry 2023 194 736 265.435 Fbxed assets are Stat￿ at his1￿¢ Cos1￿ Ihe excep1Tr0Tr d the LarKI Isee W. g. FREEHOLD LAND AND BUILDINGS A 50WD shar8 in FreehokJ Land was bequeath￿ to the L88gU8 soNe years awj and a sale to a d8veloper was completed %￿11¥ payment in8taSTrwlS UP ￿ Augu* 2014. The rsmaini￿ land ha5 bggn professh)natyvJu8d at£70.(KKF C￿ thet)ags of exisung aoriwltural use. TheG STOCK Finished g(M)ds lo¥ 17
2. DEBTORS DUE viifHIN ONE YEAR other Debtors Prepsymenls arKI Income 26.105 46,104 140 105 1D4
3. CREDrroHs DUE wrtHIN ONE YEAR Trade Credbtors VAT and other laxe5 other Greditors Accnjds 109.865 17,451 27,670 8,677 4.185 131524 8.501 5.000 e12

U8of Anart¢ 31 7. EXPENDtniRE 014 CHARITABLE ACTIV Dlrect chajitabie a01bv￿&S Support costs.. Bur¥Jalow and Shop relwbishrrwii Marketing and Fl￿draisi￿ Gortyjttarts Audit apd Aci4Juntar D8preciaben Other 1,733,7V 250 1,734,032 171 814 814 17￿5 2035 17.3&3 250 25,137 1,733.782 671 ,759.590 Dir￿1 chathablB actfvibes 8upk￿rt ws1S.' BbnO￿O￿ and sh￿ r8ffutbithET￿t ThAarkthg and Fundr•sry Conwjl Audiior.d Actountan¢y Dwr8Giatton 197.4&3 197,786 578 578 5.064 15.162 1.793 15.162 1.798 197.483 8. RE8TAICTÉD FLWIOS nF ur 605 3,53 201 307 20,213 250 1,210 151 50 Fqestertombg garden Bungak)w Donaban Dunkery18tr0lgl WaTd Aculrp Medical GaTdiology Goronary Gare Beacon Cantya Wartj 9 Ha9matolouy IGU {Minehe￿ 41 Ciubl ICU In ￿eMory DeaD ThoTnp50n UAraswrnI Vwn SKanMr (DuM￿￿tOnI Urolopy Othopaed Eliot Ward Tnemory Gonnor 201 20213 1.210 151 25,000 12501 12501 1.373 1,373 522 421 52,992 InF DUO 2023 utMSsed 605 3,709 201 8Ster¢ombe qarden Bungalow Dor.atiOn Dunkory Istrokel Ward Ellot Ward AcutrB M8diGal Unit card101￿Y Beacon Centre Ward 9 HaernatobJy ICU IMinÉhead 41 c￿bI ICU in memory DtraD Thompy uitya50und Vdn Scanner IDuftTA81oII Urology Orthopae(fi¢ Coronary Caro 3.775 201 187 307 20,213 1661 118n 307 20,213 1.210 151 50 151 25,000 250 250 250 250 51 Page 13

1. DESIGNATED FUNDS t Januo Exmoorward TV MP3 players- ￿ d8meMio pali8r.is (F2 thuDrsl P￿latI1¢11S￿8tes diotidang, It￿kÉ Awle Pain TT SyslBm £￿.￿)dO￿li¢ 3D prirter- lo t¢ wtirmBd CYthdm￿ ￿￿oSC￿e rgcordln¥ ht dèmeff.la 12001 1801 14.X 114. 1179} Urolooy- N3rrow BarwS 0￿￿K1[￿Y. Ph359 2 forK4ac tattle ltr Day Suroery Rezum Urok Chairs Baib Chairs Monwieward GPM p￿￿10￿8r4 asslsled surgery tens K4CWINES X4WNwwWard Artwork Wllbwwanl ENT OPD artdc 227,900 183.r 11&1rmi 118,9WI 29,7￿1 875 5,410 135,7501 875 6.410 1.gYI,C 671 671 lance &xmoor Ward TV IP3 rlayers. re pab.wrts IF2&xknl Pae6lalrfc thabgtes ddLiall5' equbyMI I AcLrto P￿n IT Swe RITA CIN￿rned Ihor8Py SeniimJJ Magseed Sygtsrn ortr￿j￿11¢ $c￿ner Orthod(rtitt3D ￿nter-tO b8 K¥oscape (Wralinu TrolWa- OTS2 LWI propra¢Ys-dmttba DeThniL4 a¢Ovtt￿a padt Urdogy. Narrow 8and ImagY¥J ophth￿￿￿￿￿￿y. Phase ?. Dw8lcwtrf Nlac Splnal tthe IN Day SUr￿ry for Urc Chwrg Dw£ Barton Chtss Monwie WH CPM PhyEiDtPtiapy Rthl a$451ert surgery Domemtia unil Tay]orWiThyeyLxikn t¢n8 ￿cHINE8x 4WillowWaid Arh¥offtWNlow Ward 8D 320 14500 14,SX) e3,768 I￿7$8) 14&9YI 1&5a)I 11,047) 20,000 145.( 175 7.YK 227,9DD IB3.JOO (58.010) 29.750 875 5,410 28.75Q B75 5.410 2,999 1,500,ooa 1xK).fK 14841 Totl CornrnrfmenrÉ IW125
2. P•IALYSIS OFGROUP ASSET5 BETWEEM FUNDS Untwtrbe Funds Fund5 Fund 2023 Total 2023 Fvnd BdEnc08 * 31stJanuarya ieprosw1ts￿ by.." TangiblF Fixed 188eis Current A¥etB errt Liab5111ifjs 276 1,701.2 6.845 52,2W 3.189.897 1,648,31r8 1J1.i24 3.337.607 047 52290 3411895

Lea ue ot Frlends Mus rove Park Hos Not he Consolidated Flnan lal Statern tor the Year Ended 31 nua 2024 11. NET INCOME FROM TRADING ACTlVtriES OF SUBSIDIARY UNDERTAKING. The Charity has one trading subsidlary undertalung which is incory)Orat￿j In the United lfjngdom, Hospital Friends (Taunton) Limited whiGh operates Ihe howal shops. It transmits the majority ol its proftts to the chaiity annually using the Gtft Aid scheme. Its aGcoLJnts are prepared in accordance with the Spea￿ provisions of the companies Acts re￿ting to smail wnpanies. A summary of its trading result for the year ended 31 st January is shown below. 2023 Turnover Cost of Sales Gross Profit 478,880 349,11¢t 362.178 237 421 124,757 AdminislraJon Expenses -Siaff Costs (see note 121 .Accountsncy -Oiher 73.332 4,229 11,345 906 68,016 4,668 13,107 Deprecaation of Fixed Assets 3,464 353 Net Protit Gross payment to the Charity as Gift Aid 37.3 (37,736) 38.613 (41,109) (Wlthdrawn troml l Retained In the subsidiary undertaklng 340 2N96 12. STAFF COSTS -The Group Wages and Salaries 73,332 73,332 68,016 The average weekly number of emrAoyees was No eM￿0y9eS recewed emduments in excess ot £60,000 {2023: None) 13. MANAGEMENT AND ADMINISTRATION EXPENSES MaTketing and Fundraising Consullanls Audil and Accountancy (Induding Independent Examinalion and ALtyJill Other 814 4,605 2.585 8,004 578 5.064 1.793 7,435 The Truslees have not received any remuneralion or expenses during the year12023.' nil). Page 15

ue Frlen ro Park H Notes to the Co olldated Flnancl I Slate ts lor the Year En 31 Janu8 24 14. CHARITY COMMrruEKrs In addition to the projert exp8ndituTe statwj a￿ve th8r8 are fuTKtirNJ commrtrngnts to Taunton and Somerset NHS Foundation Tnjst which are r￿t eontr8Cted and for which no provision is made in these Accourrts lor Ihe following estirnaled sums: Reslricied Fu￿JS . £52.99212V23". £52,290) Unrestrlcted Designat￿ Funds . £275,538 {2023 £2.037.1851 15. RELATED PAATY TRANSACTIONS There were no rel*ed party transactions in the year nor in th8 wemous year. Page 16