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 s*s 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 SL*8￿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 st*tements 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

2. 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
5. DEBTORS DUE viifHIN ONE YEAR
other Debtors
Prepsymenls arKI Income
26.105
46,104
140
105
1D4
6. 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

9. 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]orWiThyeyL*xikn
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
10. 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