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2025-01-31-accounts

League of Friends Musgrove Park Hospital Report of the Trustees and Audited Consolidated Financial Statements For the Year Ended 31 January 2025

Registered Charity Number 250797

Sumer Auditco Limited Independent auditors Suite B, Blackdown House Blackbrook Park Avenue Taunton Somerset TA1 2PX

League of Friends Musgrove Park Hospital

Contents of the Financial Statements for the Year Ended 31 January 2025

Page
Reference and Administrative Information 1
Report of the Trustees 2-5
Independent Auditors Report 6-8
Consolidated Statement of Financial Position 9
Consolidated Statement of Financial Activities 10
Consolidated Cash Flow Statement 11
Notes to the Consolidated Financial Statements 12-17

League of Friends Musgrove Park Hospital

Reference and Administrative Information

PRESIDENT: Mr Clinton Rodgers DL
TRUSTEES: Mr C Barrell
Mrs A Bartaby
Mr V Cinque
Mrs H Corcoran
Mrs S Ewan
Mr N Handbury
Mr C Hawkins
Mrs E Kingston
Mrs J Lucas
Mr A Nixson (resigned September 2024)
Mrs J Parsons
Mr P Renshaw (deceased September 2024)
Miss J Steer (deceased June 2024)
SECRETARY: Mrs A Bartaby
ADDRESS OF
PRINCIPAL OFFICE: League of Friends Shop
Musgrove Park Hospital
Taunton TA1 5DA
REGISTERED CHARITY
NUMBER: 250797
INDEPENDENT
AUDITOR: Sumer Auditco Limited
Suite B
Blackdown House
Blackbrook Park Avenue
Taunton TA1 2PX
BANKERS: Lloyds Bank plc
31 Fore Street
Taunton
TA1 1HN

Page 1

League of Friends Musgrove Park Hospital

Report of the Trustees for the Year Ended 31 January 2025

The Trustees present their report with the financial statements for the year to 31 January 2025.

The full name of the charity is League of Friends Musgrove Park Hospital. The charity whose registration number is 250797 is a voluntary body governed by a constitution and managed by trustees. The subsidiary undertaking is Hospital Friends (Taunton) Ltd, a company having a share capital, registered in England and Wales, number 02559526.

Trustees are elected to serve on the executive committee for a period of three years. One third retires each year and may offer themselves for re-election. The committee has the power of co-option during the year.

Objects and Activities

The charity's activities deliver a public benefit as referred to in the guidance contained in the charity commission's general guidance of which note is taken when reviewing our aims and objectives and in planning our future activities.

Responsibilities of the Trustees

Charity law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity at the year end and of its income and expenditure during that year. In preparing those financial statements, the Trustees are required to:

The Trustees are responsible for keeping sufficient accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 2

League of Friends Musgrove Park Hospital

Report of the Trustees for the Year Ended 31 January 2025/cont

Policies

Risk policy: The Trustees have given consideration to the major risks to which the Charity is exposed and have satisfied themselves that systems and procedures are established in order to manage risks. Risk management has been discussed at length at two trustees' meetings during the year.

Reserves Policy: The Executive Committee reviewed the Policy in June 2025. The charity has some susceptibility to outside influences in the form of other charities competing for fundraising in the same area. However although the ability of the charity to make grants and contributions to the hospital needs to be safeguarded in the short term, the trustees do not allocate funds against bids from the hospital in advance of funds received, so do not consider that significant reserves are required.

Grant Making Policy : The funding to be allocated to hospital projects is reviewed annually and the Executive Committee invites "bids" from the different departments within the hospital for the provision of equipment and/or facilities as approved by the Trust management. These bids are considered by the Executive Committee in the light of reserves in hand and other non-financial criteria. Those which are successful are then designated as commitments for future funding. The Trustees do not allocate funds against bids in advance of the receipt of sufficient funds to meet them. The Trustees have also introduced a small grants scheme whereby individual wards can apply directly to the committee for items up to £5,000.

Trustee Induction

Before new trustees are voted on at an AGM, they will attend meetings in a non-voting capacity to enable them to understand the workings of the charity. New trustees will receive a copy of the accounts and an induction pack setting out the duties and responsibilities of trustees and incorporating a Code of Governance together with Charity Commission guidance. On appointment new trustees are required to sign a trustee declaration.

Trustees are not entitled to receive any payment out of the charity's funds other than reasonable and necessary out-of-pocket expenses.

Page 3

League of Friends Musgrove Park Hospital

Report of the Trustees for the Year Ended 31 January 2025/cont

Financial Review

Details of incoming and outgoing resources are set out on page 10.

The trading subsidiary was able to donate £105,692 to the charity for 2024/25 (2023/24: £37,736 ). The costs of building the shop were met by the charity. The shop is leased from the Trust over a term of 20 years, after which time the building will revert to the Trust. Accordingly the property has been depreciated at a rate that writes the building costs off over that period.

Where does our money come from?

Other than shop profits as above, the charity’s income was £772,000 for the year ended 31 January 2025 (2023/24: £148,000). Of this £632,500 (2023/24: £59,500) was from legacies. Interest on cash reserves was £59,000 (2023/24 £46,500). This volatility of income is taken into account in the League’s grant making policy.

What is our money spent on?

During the year £325,000 was spent on hospital projects and equipment (2023/24: £1,733,000). In the prior year £1.5m represented a surgical robot. As the main charity does not employ any staff or paid fundraisers, costs on administration and governance are low and totalled £7,800 (2023/24: £8,200) for the year.

There were commitments left at the end of the year on schemes agreed for the hospital of approxmiately £9,000. Cash reserves were sufficient to cover these commitments carried forward into 2025/26.

Looking ahead

The trustees consider the charity to be a going concern and the future position to be satisfactory. In 2025 the shop has continued with performance of 24-25 and expect a similar dividend to be paid over to the charity. Committments to fund equipment and facilities are not made until funds become available.

Page 4

ue of Frlends Mus rove Park Hos rt of the Trustees for the Year Ended 31 Janua 20251cont Chairnian's Ststement on behalf ofthe TTh￿tee$ l am very pleas&1 to be able to Teport another very successfil year. The League of Friends has continued to raise fuThJs through various income streams to support the work of the charty, notably by legacies which is our main source of funding as wem as by d¢)nations from various organisations and individuals who often make us their thanty of Ihe year. We also attend various local events where we are able to raise funds. notably the ra￿ day at the Taunton race course, Taunton flower show and the Musgrove Cup golf toumament held at Pickeridge and Taunton Golf Course. The League of Friends shop goes from strength to strength and is now busier then ever, particularly wtth the sale of sandwiches in addits'on to the ￿ successful coffeellea machine. Our congratulations go lo Tina Foster the shop manager and her staff and very SuppO￿ve volunteers. Bastsble Lodge (the Bungalow) Gonlinues to be used and wo have received many heart felt letters of thanks from individuals who have been able to stay in the Lodge while their relatives have been inpatients in the hosphal. many of these letters often contsin donafjons to th8 charty to enable us to continue to offer this vrtat service. The League of Friends has conttnued to support the hosptt4 through Ihe purd)ase of various pieces of equipmerrt fanging in value frc4n a few hundred pounds to. in some cases items costing in excess of one hundred thousand pounds. The srnall bid$ system is worklng particularly well and these ts'ds are dealt wrth on a monthty bws. The magazine produced by Smile has proved very popular wth l)oth visitors and staff. pro￿ding Information about the h08pftal and the League of Friends which has been in exislence in the hospital for well over sixty years, making us the longest serving chartty to the hospital. The h4gh point of the year Ihe royal vlsit by the Princess Royal in October 2024. Many of our volunteers were in attendance and it was wonderful to see Princess Ame speak to each and every one of them. she visited the shop and saw first hand the work our volunteers do". this was follow8d by a brisk walk lo the Academy whare the Princess met more staff responsible for the ne￿ purchased Surgical Robot that the Charlty pur¢hased in 2023 for over £1.5 mQlion Pr￿8. Musgrove Park Hospital is pi a process of change with new senior nur￿n9 managers havlng been recently appointed and a new Trusl Chair. The League of Friends will conlinue to support the hospital for the benefrt of patienis, staff and visitors in the coming year. This will be made possible by Ihe generosty of the general public through their donations and lega¢ie8. Nlgel Handbury Chaiman Page 5

League of Friends Musgrove Park Hospital Independent Auditor's Report For the year ended 31 January 2025

Report of the Independent Auditor's to the Trustees of The League of Friends Musgrove Park Hospital

Opinion

We have audited the financial statements of the League of Friends Musgrove Park Hospital (the 'parent charity') and its subdiary (the 'group') for the year ended 31 January 2025 which comprise the Consolidated and Charity Statements of Financial Position, Consolidated Statement of Financial Activities, Consolidated Cash Flow Statement and notes to the financial statements, including significant accounting policies.

The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard Applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group or parent charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other Information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Page 6

League of Friends Musgrove Park Hospital Independent Auditor's Report/cont For the year ended 31 January 2025

Report of the Independent Auditor's to the Trustees of The League of Friends Musgrove Park Hospital

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) regulations 2008 require us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the group's and parent charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group or the parent charity or to cease operations, or have no realistic alternative but to do so.

Auditor responsibilities for the audit of the financial statements

We have been appointed as auditor under section 151 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Page 7

endent Aud￿￿8 Re ortlcont earended 31 Janua 202 Capablllty of the •utht In detoding IFfggularlllg¥. IncludlThJ f¥aud Besed on our uThle￿tsndW￿ ollhe thanty and 15 SLtthliary ihatthe printsl rtsks olnon- cONn￿anCe bmth law5 and regvlatN)ns rdaied io health a￿1 safety. fo(l saleiy. es)yknymtrni Law. ctmya￿8 Act 20C6 8ThJ Charily Law. and the extent to vthich rmghl have a matenal effed¢)n the finanoal ststemwitsoe the grows aftd parentth81ty. We atso cAMs￿erthQse t8V48 and regulations that have a dwed ryact on the wep3rnlKm ollhe firwool s¢8lerTnls suth as the Ch8ritss Stslement of Recrnnded Prthe. Weevaluated man8g¢merf5 in￿nINe5 and oFpc(tunitie5 for fraudulenl maThpulation offv financa?I Statements (Indud￿l9 the rigk ofoYerTide olrontroksl MI determined that th? prirKp81 PT¢ reIBl￿ to perfomied by Ihe audtl 8rthJagernenl leam Ind￿Jed. . d1xu￿ons ￿4th m8n#gtment. Int￿dIng 01kr￿ or8uyd•J ofnofvctsn￿I qth law5 and ￿g￿laI￿n5 and fra￿1,. . tjndetstanthng and olman4enwnl ultem￿ ¢￿traI￿ de￿￿j to wevent and detecl irreg&7ts"88, d IraLk1-. rewew ofttr minutes ol Ihe Twsteeg meew. de1vJn￿ audit procedures to inco￿[￿te unwethcabW. rfomiing analytical procedures to Jenltfy any musual that ryht have in¢cate risk8 of material mBslalenRnl due to fra￿1,. remew ol the fm8ncrdl 8talemenlgd'knures leslw4 to suworiry d(QXI￿allOn to cInp￿anC vath f•levartt ard ￿gUlat￿3 lis￿$8ed )obt'. ' wNuirirtg of the T￿￿tee50nd IhKthparty abo￿ potenw and dthi¥'. ' id&rtfying testing ￿L￿al entmg. ¥1 enlrE¥ th fryud thJraclenslic•. ' r•v￿g a¢counting ¢¥tinaleifDT mlag&n￿l t¥as th￿ and the fufJ)erremoved non. ¢￿￿418n¢e %%7th ¥nd regul8kn ss from the e¥eA￿ trans•tknns rnfied•d li th• financ4•1 ¥1oternents. tt kts6 lik•ly wouhy b8cLNne aware ofiL Akn. t￿ rtyk Ol￿t a malen'al misst8tem•ntdue to fraud * h￿tter thanthe nsk of no¢ deteixry one ro8u#Jng Irrm error, as fra￿ may invL4¥e deli￿rat• tsJnc•aknent by. IN ex I￿9￿Y crf Inten1￿al nwsrewnlatw￿l cv through collusion. A further destiptbn tsf¢)ur re9pxAknfrYthe ofll hanci ￿Xated on the Fila￿jaI ReportSng Counufs website Ot Thlsdewtyon port of our Inde¥xndent Repo 011￿ matto The ¢xmpar've fvjum ¥• utw(W. U•• of owY•port This report is made 801ely to the thority'$ trus, 88 a t￿. in èceordanc with Part 4 01 th8 Charibe IAcetyJnts and R&pottsl Regul811￿ 2C(48. has been undertaken 80 Ihat ffight st8t• to the ch8ri1l8 truste88 those mattern requ¥ed to 91ate b) them in an aulitm. repcil and for no oth&r purpc68. To the fij￿$1 eMt•nl by kw. we do accept or asswne re8pMsA)Ilty to Bnyore other than the chaity and the ¢tharityg trwleej 99 a bLJy, ICY ¢)ur authi ryk. ts Illlj repyt, or tr the owKJn8 SI￿r Ayditco Llnied, stal￿ryA1￿)rtry Suite B, Blad(dO￿ Housè Blackdown PaTk Ayenut Taunlon TA12PX s.- QQ LIts•a￿ 2cLr Sumer Audrtco 1$ el+Jible lor autht*)r¥ of the tharrty uyoup by of rt¥ for

Fpoiithentas a￿jItor ofa txnwany ￿￿￿er se(kn 121 Ctywnies A(#2￿.

Frf Park andc 2024 2025 FIXED ASSErs Tangi}￿e fix4d 88sets 250.374 288,276 249,471 267.147 CURRENT ASSETS stock Debtofs and Prepayments Bank Balances 32,198 6.218 2,108.776 5.767 2.152.959 19.666 111.910 1.983,888 28.105 1.618,147 1.870.795 3.370 1.701,295 2,095,798 1,844,252 DEDUCT.CURRENT LIABILrriE3 Creditors du8 wlhin one year NET CURRENT ASSErs TOTAL NET ASSETS 131,524 2,114.267 1.589 771 fA1 1838 047 101500 1,542,752 1809 899 2,087,248 2 336.719 INCOME FUN08 Reslricled Funds Unrestricled Fundtr Desigiated Unre8tTiCted Fund> Unde¥gnated 70,283 8,9S2 2,285,4C6 2,364,641 52,992 275.538 1.509,517 1838 047 70,283 8,952 2,257,484 2 336 719 52,992 275,538 1481,369 rf.809.899 Approved by Ihg Truste￿ glgned on ty". ,,/.12ez< Mrs Page 9

League of Friends Musgrove Park Hospital

Consolidated Statement of Financial Activities for the Year Ended 31 January 2025


Note
INCOMING RESOURCES
Donations and Gifts
Legacies and Estate Income Received
Interest Received
Fundraising Activities
Other income
Gross Income of Trading Subsidiary
11
TOTAL INCOMING RESOURCES
Expenditure on:
Raising funds
Costs of Trading Subsidiary:
Cost of Sales
11
Administration Expenses
11
Depreciation
Charitable Activities
Direct Charitable Expenditure
7
Management & Admin
13
Shop refurbishment
Depreciation
On projects
TOTAL RESOURCES EXPENDED
NET INCOMING/(OUTGOING) RESOURCES
Fund Balances brought forward
at 1st February
FUND BALANCES carried forward
at 31st January		 2025
Unrestricted
funds
£
52,573
599,024
59,441
6,188
18,250
723,708
1,459,184
481,523
136,493
226
7,818
-
17,675
306,146
949,881
509,303
1,785,055
2,294,358		 2025
Restricted
funds
£
2,821
33,524
-
-
-
-
36,345
-
-
-
-
17
-
19,037
19,054
17,291
52,992
70,283		 2025
Total Funds
£
55,394
632,548
59,441
6,188
18,250
723,708
1,495,529
481,523
136,493
226
7,818
17
17,675
325,183
968,935
526,594
1,838,047
2,364,641		 2024
Total Funds
£
35,084
59,479
46,568
6,565
750
478,880
627,326
349,114
88,906
3,464
8,004
171
17,383
1,734,032
2,201,074
(1,573,748)
3,411,795
1,838,047		 2024
Unrestricted
funds
£
33,711
59,479
46,568
6,565
750
478,880
625,953
349,114
88,906
3,464
7,754
-
17,383
1,733,782
2,200,403
(1,574,450)
3,359,505
1,785,055		 2024
Restricted
funds
£
1,373
-
-
-
-
-
1,373
-
-
-
250
171
-
250
671
702
52,290
52,992

Page 10

League of Friends Musgrove Park Hospital
Consolidated Cash Flow Statement at 31 January 2025
Cash flows from operating activities
Net movement in funds
Cash flow from investing activities
Interest income
Purchase of tangible fixed assets
Net cash from investing activities
Increase in cash and equivalents
Total funds at beginning of year
Total funds at end of year
Reconciliation of cash flows from operating activities
Net incoming/(outgoing) resources for the reporting period
Adjustments for:
Depreciation charges
Interest from investments
(Increase)/Decrease in stock
(Increase)/Decrease in trade and other debtors
Increase/(Decrease) in trade and other creditors
Net cash provided by operating activities
Analysis of changes in net funds
Cash and in hand and in bank
Cash and in hand and in bank		 2025
£
380,937
59,441
-
59,441
440,378
1,674,165
2,114,543
2025
£
526,594
17,901
(59,441)
(12,532)
1,246
(92,831)
380,937
31/01/2025
£
2,114,543
31/01/2024
£
1,674,165		 2024
£
(1,520,760)
46,568
(19,095)
27,473
(1,493,287)
3,167,452
1,674,165
2024
£
(1,573,748)
17,665
(46,568)
(2,420)
(2,365)
86,676
(1,520,760)
01/02/2024
£
1,674,165
01/02/2023
£
3,167,452

Page 11

League of Friends Musgrove Park Hospital

Notes to the Consolidated Financial Statements for the Year Ended 31 January 2025

1. ACCOUNTING POLICIES

General information and basis of preparation

The charity is an unincorporated charitable trust. 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 Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102)", and the Charities Act 2011.

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.

The financial statements have been prepared to give a true and fair view.

The charity constitutes a public benefit entity as defined by FRS 102.

The financial statements are prepared in sterling which is the functional currency of the charity and rounded to the nearest pound.

There are no significant areas of judgement or key sources of estimation uncertainty.

Going Concern

After reviewing the charity and the groups cash balances and requirements the trustees have a reasonable expectation that the charity and the group have adequate resources to continue in operational existence for the foreseeable future encompassing at least 12 months from the date of signing the financial statements. Therefore the financial statements have been prepared on the going concern basis.

Income

All incoming resources are recognised once the group and charity has entitlement to the resource and it is probable that the resource will be received and the monetary value of the resource can be measured with sufficient reliability.

Expenditure

Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the group and charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under the following headings:

Raising Funds

Costs of generating funds comprises all costs associated with raising funds through different projects.

Charitable Activities

Charitable activities comprise all costs directly incurred in undertaking activities to fulfil the charities objectives.

Consolidation

The unaudited accounts of Hospital Friends (Taunton) Limited are consolidated with those of the charity as at 31 January, this being the normal accounting date of both entities.

Depreciation

Depreciation is calculated to write off the cost fixed assets over their estimated useful lives at the following rates:

Shop Fittings 5% Office Equipment 15-25% Other Furniture and Fittings 20-25%

Stock

Stock is values at the lower of cost and net realisable value.

Fund Accounting

Restricted funds represent funds received by the charity for particular purposes as directed by the donors. In addition funds allocated by the Executive Committee for particular projects but not expended are classified as Designated Funds. No provision is made for future expenditure on restricted or designated funds.

Page 12

League of Friends Musgrove Park Hospital

Notes to the Consolidated Financial Statements for the Year Ended 31 January 2025

2. TANGIBLE FIXED ASSETS

Group
COST/BOOK VALUE
At 31st January 2024
Additions
Disposals
At 31st January 2025
DEPRECIATION
At 31st January 2024
For the Year
Elimination on disposal
At 31st January 2025
NET BOOK VALUE
At 31st January 2025
At 31st January 2024
Charity
COST/BOOK VALUE
At 31st January 2024
Additions
Disposals
At 31st January 2025
DEPRECIATION
At 31st January 2024
For the Year
Elimination on disposal
At 31st January 2025
NET BOOK VALUE
At 31st January 2025
At 31st January 2024		 Freehold
Land and
Buildings
£
70,000
-
-
70,000
-
-
-
-
70,000
70,000
Freehold
Land and
Buildings
£
70,000
-
-
70,000
-
-
-
-
70,000
70,000		 £
276,540
-
-
276,540
95,791
13,827
-
109,618
166,922
180,749
£
276,540
-
-
276,540
95,791
13,827
-
109,618
166,922
180,749
Leasehold
improvements
Leasehold
improvements		 Equipment
£
25,977
-
-
25,977
24,740
230
-
24,970
1,007
1,237
Equipment
£
2,205
-
-
2,205
2,097
5
-
2,102
103
108		 Furniture
& Fittings
Total
£
£
26,142
398,659
-
-
-
-
26,142
398,659
9,852
130,383
3,845
17,902
-
-
13,697
148,285
12,445
250,374
16,290
268,276
Furniture
& Fittings
Total
£
£
26,142
374,887
-
-
-
-
26,142
374,887
9,852
107,740
3,844
17,676
-
-
13,696
125,416
12,446
249,471
16,290
267,147

Fixed assets are stated at historic cost with the exception of the land (see note 3).

3. FREEHOLD LAND AND BUILDINGS

A 50% share in Freehold Land was bequeathed to the League some years ago and a sale to a developer was completed with payment received in instalments up to August 2014. The remaining land has been professionally valued at £70,000 on the basis of existing agricultural use. The charity received an option in the year of £17,500 held in other income.

The Group
The Charity
£
£
4. STOCK
Finished goods for resale
32,198
-
5. DEBTORS DUE WITHIN ONE YEAR
Other Debtors
6,218
111,910
6,218
111,910
6. CREDITORS DUE WITHIN ONE YEAR
Trade Creditors
20,309
5,560
VAT and other taxes
12,966
-
Other Creditors
-
-
Accruals
5,417
2,990
38,692
8,550
2025		 The Group
The Charity
£
£
19,666
-
7,464
26,105
7,464
26,105
109,865
99,500
17,451
-
23
-
4,185
2,000
131,524
101,500
2024

Page 13

League of Friends Musgrove Park Hospital

Notes to the Consolidated Financial Statements for the Year Ended 31 January 2025

7. EXPENDITURE ON CHARITABLE ACTIVITIES

Direct charitable activities
Support costs :
Bungalow and Shop refurbishment
Marketing and Fundraising Consultants
Audit and Accountancy
Depreciation
Other
Direct charitable activities
Support costs :
Bungalow and Shop refurbishment
Marketing and Fundraising Consultants
Audit and Accountancy
Depreciation
Other		 Undesignated
£
24,818
-
1,621
1,999
17,675
4,198
50,311
Undesignated
£
-
-
814
4,605
17,383
2,335
25,137		 Designated
£
281,328
-
-
-
-
-
281,328
Designated
£
1,733,782
-
-
-
-
-
1,733,782		 Restricted
£
19,037
17
-
-
-
-
19,054
Restricted
£
250
171
-
-
-
250
671		 Total 2025
£
325,183
17
1,621
1,999
17,675
4,198
350,693
Total 2024
£
1,734,032
171
814
4,605
17,383
2,585
1,759,590

8. RESTRICTED FUNDS

Hestercombe garden
Bungalow Donation
Dunkery (stroke) Ward
Acutre Medical Unit
Cardiology
Coronary Care
Beacon Centre
Ward 9 Haematology
ICU (Minehead 41 Club)
ICU in memory Dean Thompson
Ultrasound Vein Scanner (Dumpleton)
Eliot Ward memory Connor
Eye Clinic
Cardiology
Hestercombe garden
Bungalow Donation
Dunkery (stroke) Ward
Acutre Medical Unit
Cardiology
Coronary Care
Beacon Centre
Ward 9 Haematology
ICU (Minehead 41 Club)
ICU in memory Dean Thompson
Ultrasound Vein Scanner (Dumpleton)
Urology
Orthopaedic
Eliot Ward memory Connor		 Balance at
1st February
2024
£
605
3,538
201
307
20,213
250
1,210
151
50
94
25,000
1,373
-
-
52,992
Balance at
1st February
2023
£
605
3,709
201
307
20,213
250
1,210
151
50
94
25,000
250
250
-
52,290		 Incoming
Resources
Utilised
Released
£
£
£
-
-
-
100
(17)
-
-
-
-
-
-
-
-
(19,037)
-
-
-
-
2,272
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
33,524
-
-
450
-
-
36,345
(19,054)
-
Incoming
Resources
Utilised
Released
£
£
£
-
-
-
-
(171)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(250)
-
-
-
(250)
1,373
-
-
1,373
(421)
(250)
Movement in Funds
Movement in Funds		 Balance at
31st January
2025
£
605
3,621
201
307
1,176
250
3,482
151
50
94
25,000
1,373
33,524
450
70,283
Balance at
31st January
2024
£
605
3,538
201
307
20,213
250
1,210
151
50
94
25,000
-
-
1,373
52,992

Page 14

League of Friends Musgrove Park Hospital

Notes to the Consolidated Financial Statements for the Year Ended 31 January 2025

9. DESIGNATED FUNDS

Balance at
1st February
New
2024
Designations
£
£
Orthodontic 3D printer
23,968
-
Urology - Narrow Band Imaging
227,900
886
Spinal table for Day Surgery
11,985
-
Cardiology
-
-
Chairs Dene Barton
875
-
Chairs Montacute Ward
5,410
-
CPM Physiotherapy
2,999
-
tens MACHINES X 4 Willow Ward
290
-
Artwork Willow Ward
1,440
608
ENT OPD Window art etc
671
-
Sara Stedy turner - discharge lounge
-
1,151
Bladder scanner - Gynaecology + Gynae Oncolog
-
5,405
Cardiology - Mobile sensory equipment for paedia
-
2,750
Eliot Ward bedside tables
-
7,893
Grab bags for LD in ED
-
887
Total Commitments
275,538
19,580
Balance at
1st February
New
2023
Designations
£
£
Exmoor Ward TV
200
-
MP3 players - re dementia patients (F2 doctors)
80
-
Paediatric diabetes dieticians' equipment (books)
320
-
Acute Pain IT System
14,500
-
Orthodontic 3D printer - to be confirmed
23,968
-
Opthalmic Microscope recording module
20,000
-
Light projectors - dementia
175
-
Dementia activities pack
294
-
Urology - Narrow Band Imaging
227,900
-
Ophthalmology - Phase 2 Development for Macu
183,000
-
Spinal table for Day Surgery
25,984
-
Rezum for Urology
29,750
6,000
Chairs Dene Barton
875
-
Chairs Montacute Ward
5,410
-
CPM Physiotherapy
2,999
-
Robot assisted surgery
1,500,000
-
tens MACHINES X 4 Willow Ward
290
-
Artwork Willow Ward
1,440
-
ENT OPD Window art etc
-
671
Total Commitments
2,037,185
6,671		 Utilised
£
(24,465)
(228,786)
(11,985)
(12,365)
-
(7,488)
-
-
(2,048)
-
(1,151)
(5,405)
-
-
-
(293,693)
Utilised
£
-
-
-
(14,500)
-
-
(179)
(353)
-
(183,000)
-
(35,750)
-
-
-
(1,500,000)
-
-
-
(1,733,782)		 Released
£
497
-
-
12,365
(875)
2,078
(2,999)
(290)
-
-
-
-
(1,876)
(1,373)
-
7,527
Released
£
(200)
(80)
(320)
-
-
(20,000)
4
59
-
-
(13,999)
-
-
-
-
-
-
-
-
(34,536)		 Balance at
31st January
2025
£
-
-
-
-
-
-
-
-
-
671
-
-
874
6,520
887
8,952
Balance at
31st January
2024
£
-
-
-
-
23,968
-
-
-
227,900
-
11,985
-
875
5,410
2,999
-
290
1,440
671
275,538

10. ANALYSIS OF GROUP NET ASSETS BETWEEN FUNDS

Fund Balances at 31st January are
represented by:-
Tangible Fixed Assets
Current Assets
Current Liabilities		 Unrestricted
Funds
2025
£
250,374
2,082,676
(38,692)
2,294,358		 Restricted
Funds
2025
£
-
70,283
-
70,283		 Total
2025
£
250,374
2,152,959
(38,692)
2,364,641		 Unrestricted
Funds
2024
£
268,276
1,648,303
(131,524)
1,785,055		 Restricted
Funds
2024
£
-
52,992
-
52,992		 Total
2024
£
268,276
1,701,295
(131,524)
1,838,047

Page 15

League of Friends Musgrove Park Hospital

Notes to the Consolidated Financial Statements for the Year Ended 31 January 2025

11. NET INCOME FROM TRADING ACTIVITIES OF SUBSIDIARY UNDERTAKING.

The Charity has one trading subsidiary undertaking which is incorporated in the United Kingdom, Hospital Friends (Taunton) Limited which operates the hospital shop. It transmits the majority of its profits to the charity annually using the Gift Aid scheme. Its accounts are prepared in accordance with the special provisions of the Companies Acts relating to small companies.

A summary of its trading result for the year ended 31st January is shown below.

Turnover
Cost of Sales
Gross Profit
Interest received
Administration Expenses
-Staff Costs (see note 12)
-Accountancy
-Other
Depreciation of Fixed Assets
Net Profit
Gross payment to the Charity as Gift Aid
(Withdrawn from) / Retained in the subsidiary undertaking
12. STAFF COSTS
-The Group
Wages and Salaries
Social Security
The average weekly number of employees was
No employees received emoluments in excess of £60,000 (2024: None)
13. MANAGEMENT AND ADMINISTRATION EXPENSES
Marketing and Fundraising Consultants
Audit and Accountancy (Including Independent Examination and Audit)
Other		 2025
£
723,706
481,523
242,183
2
100,552
3,241
32,700
136,493
226
105,466
(105,692)
(226)
99,754
798
100,552
6
1,621
1,999
4,198
7,818		 2024
£
478,880
349,114
129,766
-
73,332
4,229
14,527
92,088
282
37,396
(37,736)
(340)
73,332
-
73,332
5
814
4,605
2,585
8,004

The Trustees have not received any remuneration or expenses during the year (2024: nil).

Page 16

League of Friends Musgrove Park Hospital

Notes to the Consolidated Financial Statements for the Year Ended 31 January 2025

14. CHARITY COMMITMENTS

In addition to the project expenditure stated above there are funding commitments to Somerset NHS Foundation Trust which are not contracted and for which no provision is made in these Accounts for the following estimated sums:

Restricted Funds : £70,283 (2024: £52,992) Unrestricted Designated Funds : £8,952 (2024 £275,538)

15. RELATED PARTY TRANSACTIONS

There were no related party transactions in the year nor in the previous year.

Page 17