Charity registration numbEr 254353 League of Friends of Exmouth Hospital Annual Report and Financial Stotem¢nts fth. the Year Ended 31 De¢emb¢r 2024 League of FrieDds of Exmoutb Hospit91 Contents (continued) Rcfcrencc and Administrative Dctails Trusttts, Rewrt 2to4 StatcmenL of Tn￿t￿, ResFX)nsibilities IndeF￿dent Examinels Rcport ststan￿t of Finan¢ial A￿1VIll¢S 7t08 B8taTV She Notes to the FitwKid State4nents IOto19 League of Frlellds of Exmouth Hospital Referenee and Admlnistrative Details C1￿111￿All Mr D M Bassett Trustee5 Mr D M Basseti Mrs R Thatcher Mr G Bulger Mr D Willillms Mr8 D Bulger Mr T Siddllll MI￿ E Ford G Ba88ett Mi's J A Murray Mrs C J Evans ChArlty R¢glJtritlon Number 254353 PrlJhclpal Offlee Exmouth Hospital Claremortt Grove EKmoulh Devon EX8 2JN Independent Exgrnlner 'rhomp50n Jenner Li 28 AlexandrA'ferracc Exmou(h Dcvon EX8 IBD P4g¢ I League of Fri¢Dds oCExmouth Hospital Trustees, Report Strutture Governance and Management. Tjie League ofFriends of Exinouth Ho$pita] is governed by a statenient ofobjects and rules dated 1st January 1961 amcndcd on 2nd February 1980 and on 22nd April 1995 and on 25th May 2016 and on 12th May 2022. It is an unine0r￿r8tCd &%sociation. Thc TTUStees arc elected from the rnetnbcrs of the League of Fi'icnd5 at die gcjici'al rneeliHg as se( out above. Th¢ Trustees are selected from persons already having appropriate and relevani expertise to enable them to out their duiie$ as 1'ruslees and in general th¢ L¢a2uc docs noi piDvide training fol. appointees. The Lea8ue of Pri¢nd3 of Bxmouih Hospital 18 a small local ¢hariiy whi¢h h&$ neitljer 8t8ff nor cmployee5, whctlia. paid or voluntary. othcT than thc peis0115 ivho ai% tlie Trustees. There 18 no form841 manag¢ment slruetur¢ and decisions ar¢ made by ilK TJvs¢ees acting as a body. The Chariiy LS o member of the Devon County AsSoCi￿10n of LeAgues of l.lo$pitnl Fri¢nd8 and repre￿nted on the Woodbury. Exmouth 8nd Blldl¥igh {WEBI Community Health & Wellbeing Board. The mlior ii8k8 to the Charity. as idell(ified by the Trusice4 have been reviewed And 5y8iems or procedures have been ¢stsbli3hcd to mana8¢ tlios¢ risks. Objtets Ind Attlvitie& The obj¢¢is of Ihe Cli8Jity which are rtviewed annually, are Io SUPPOLt the diarilable work of Exinou¢li Hospitsl by supplementing the Se￿Ice provided by tlw Flo$pit&l and its supp()rt .¥ei'vi¢e$ in¢luding NHS ¢omtnunily 8¢rvi¢cs and addilionAI eommunity supwrt and transport for thc hcalth and wellbein8 of plltient5, 8tafYand the loclll community by the provision of f￿111¢1¢& ¢quipm¢n¢ and donatlons AS required for ilie Provision of an crrLGicnt hcalth and social care servic The Charity is depcndcnt upon meinbcrship fces. donations. le8aeies and tijnd raistng for its in¢om¢. A compldc lisi ofihe eXPCE)diluit on amcnitics for the year is included in the accounts. A¢hlev¢mtnts and Performfttte In I￿1 yeai s newsletLer I told you Ihat NIIS Devon had contracted die Roy21 Devon Uiiiver8ity l-lealthcare NHS Trust IRDUE.I) to run the Minor Injui'ie8 Unit {MIUI ai thc 1.105pilal from febi'uary 1st 2024. To providc service to ttieir standard the RDUH Lsked the League of Friend% if tliey would be willing to coniribllie towtsrd8 new cquipincnl. Thc Tiuslccs agrccd to fund three ilcms Orequipm￿lt at a c05l of £15,286.76 to ensuIE Ihat the unit can provid¢ a first Class fo¢ility for our community. Unfortunately* a thoTtagc of suitably qualified Mtu staff, relirement and sickness ITJean¢ Ihe imit Wos Closed for pcriods thTouglioui the ycar. On brhalf ot the TTUStees, I had disctsssions ond metlings with th¢ RDUH 8nd NHS Devon Integruted Care Board on how to moini&in a service and Jnove towards the Mtu being fully opcn to thc ¢ommunity. Following o lengthy recruitment drive qualifjed staff were appointed. with oilier rmvly app)inted staff completin8 the additional spcciali5t tixining rvquired tor the rolc. l pleased to repoit thal trojn January 25tli thc MIU will b¢ ba¢k to its llOTtnal openin2 houiy of 8am- 8pm 7 days a week. Thc Tru5tCes would like to thank All the MIU staff for their ¢olltinued hard work and d¢dicalion p8rticularly ihiDugh what h&% been a difficuli period. Page 2 League of FlleDd8 ofExmoutb Hospital Trnstees, Report (continlled) Th¢ Tn￿lee$ continue to support the treatmen¢ comfort and wellbeing of patients in ilie hospital and cotnmunity and agreed to requests for funding amounting lo £20,859.14 {inc. VAT w,here appropriate). 'fwo Raizer Etnergency Lifting Chtiirn at & cost of £8,291.78 were provided. one for the ivards and one foi. tlie community t¢arn- five Apollo Adju51able Chaijs #t a Cost of £1,770,. 20 Coinmunily Nwse$ Bags at a cost of £5:900. 8 Dementia Clocks at a cosl of £928.36 and a palio SCL for Doris Heard Ward at a eost of £999. fhey also pvowded a donaiTort of £2.500 to the Exmouth Community Bus and £470 towards the irainirtg of Stlldent Mentri Health Ambassadors at Exinouth Comtnunity Colleg& We have a150 agreed to fund a further 10 Community Nuw5 Bags. I'hey were ple25¢d to b¢ able to support the 5tsff 3gain dui'ing the year by providing funditlg of £1643 .65 for a summer BBQ. previous annual reports I have told you about tlie financial support the Tru5tce5 have given to the WEB (Woodbury, Exmouth, Budleigh) Admiral Nurse service, which provides valuable support to caru* and families of t[￿5¢ suffering wÈth complex dementi& Unfortunately, the service was swpend¢d in the autumn of 2023 due to staff leaving and tht financial viabiliry of the service Tnodel. However, l am delighted to tell you that a proposal to re-establish the Adrnirdl Nurse service in WEB was agreed and recruittnent eommenced in the aututnn of 2024. Two new Admirnl Nws¢s started at the beginning of Janyary 2025. Tht Tru$ttu will ¢ontinue their sUPPOrt of this valuable service for our community with a donation of aK)Ulld £20,000 eAch year. In addition. a further £5,493.20 of annual £x)mmittnents w85 agreed: £3,793.20 for garden plants and maTntenanee, £200 for Christmas pirsents for the patients and £1.500 for theNurses Fund Float. We continue (o fund the plants in tht plankrs and wdl baskets outside Doris Ward and the Day Room. Thesc planted twice a year to provide a floral display for thc patients znd staff throughout th¢ year. The Trusiees provided a patto s¢t for patients and staff io enjoy the surllmer sun. The omarnelltal garden outside Geoffrey Willoughby Ward is a150 maintained by the League. Our new Trustee Callnilla EvaTJS InaiNtain5 a League of Friend5 Faceknok page and OUT new website wuw.ehlo&.org was laUt￿led at the end of January 2025. Both mediums help raise the wDfile of the League o Friend5 and the Work of the hospital and eommunity service Finall¢ial Review. The maiority of the itjcome reeeived by the Charity arises from sour¢es which the Trustees ￿t not able to influence as wards th¢ gmount or Limiiig of receipt. Therefore. it is not Jy)ssible to set a ￿)￿]ingful target for incoint. As regards ¢xpenditur4 the Truste¢8 adopt tlie prudent approach of only approving expenditure for wliich they have funds in hand and do not pla¢e reliantt on ftiture income where this is UnC￿laIn. As far as ssible Ihc ajarity endeavowE to spend moni£s received in the yea]. they #Je r￿e1Ved. For noTmal OJ￿￿al incotllc t]iis i$ usually achieved. However. kc2use of how th¢ income is derived, sonie capital res¢rve5 aecllmulatc ivhich are professionally managed by Brewin Dolpliin in accordance with the Trustees, Investment Policy whid) reviewd in May 2024. The Trusttts are plcascd to rerort a wy)wtli in our investrtlents in die last year and thot the ¢ULT¢nt l¢vel of financial resourccs, including legaci&% re¢¢ived in this and previous financial years, has resulted in reserve Capital accurnulating. whi¢h as of 31si December 2024 is £859,200. The Leagut of Friend% Invo8tment Manager5. RBC Brewin Dolphin, contiRu¢ to invest fi2nds on b￿￿1r of the Truste¢s atld the provisron of advice 2nd guidance provided welcome supwi for ihE TTU5tee5 ill thesc unpreeedented times. The prof¢55ional managetnent of tlic League'$ assets ensures that its invcstmellt objective to provide a retum to deliver its charitable objective5 15 athiev¢mmuttiiy have remembered the League of FTiends in their wills. Without these legacie5, [￿ne of th¢ financi￿ support we give to the hospital and wmmunity serviccs would be possibl The Tn]slctt remain fully eoinmitted to ensuring that the hospital is ustd to its fvll potcntial. Their intention is to continue to provide funds in fi￿he[ance of the L￿ue'S objectivc througl) requests received from the provtder of hospital and NHS cornmunity 5¢rvi¢e5 and otheT lo¢a] ¢ommunity services to ensure the health, wellbEing and cotnfort of Patien￿ statTand the local community. As Chwrm8n ot th¢ Twsiee4 D)y discussions continue with the Royal Devon University Hcaltlicare NHS Trust (RDUFI) on the devdopment of seivice5 at the hospital. My meetings are at a senior level with the RDUH Divisional Dire￿Or of Community Care Services, Divisior￿1 DiTe¢tor (>f Spe¢iali5t Services and the Lead Can¢¢r Nurse. Whilst at times progress tan b¢ frusuatingly slow, l am pl¢ased to say that there is a commitment to work together to maximise the w of the facilities at the hospit￿. l ani therefore very pleased to tell you that a Breast Cancer Support CliniG is 5tartsn8 in March. Di￿￿510￿5 continue to increase day casc 5ur8ery to 5 day5 a week The arlnual report wa5 approved by the tN5¢C￿ of t7￿ chgrity on...... d signed on its behaIf by.. MrD M B&%sett Cliairrnan trustee Page 4 League of Friellds of Exmouth Hospital Statement of Trustees, Re8POD8fiblllties The tnJ8tecs air responsible for prep8rin8 the trustee5' report die fJnan¢ial statements in &ccordBnce with tlJ¢ United Kingdom A¢¢ountsiig Standw'ds {UniLed Kingdom Generally Aecepted Accounting Pizctice) and pplicable law and re8ulation& Thc law applicable to oharitses requires the tsustees to prepare financi￿ sthtrments for ¢￿h finAnciai ye9J which give a true and f2ir view of the slate of arrairs of the charity and of tlie inc4)min8 resourees and applic8tion of reBDurc&8 of Ilie charily for pel'iod. In prcparin8 these financial 51atenienls, the truslees are reqilired 10.. seled suitable accounting policies &id ilien apply them eonsistentjy observe the meth(Ids and principles in the Charities SORP. rnakc judgancnts and cslimala8 that arc reasonable and prudenl. slate whethei. applicable a¢¢ouniing $18ttdaTds have been followed. subject to 8ny malcrigi d¢partures disclo￿d and cxplained in Qie finsncial slithements. and pr¢p8r¢ th¢ fintsncial stai¢ni¢nts on the going concern basis unles$ it j5 inappropriat¢ io pr¢sum¢ tlmi th¢ eharity will Contini￿ in business. rhc trustees responsible foi. keepin8 proper accountin8 t'ecords that dis¢los¢ with reasonable accuracy at any tim¢ Ihc fJnan¢ial posilion of Ihc Gharity and enable them to cn$iirc thai the tinancial stolcments comply willi the Charities A¢1 2011. the Charitics IAc¢thunt8 and Reports) Regulations 2008, and the provisions of the constitution. -I'lie tnjstees are also responstble lor sal¢&uardin8 th¢ asse￿ ol. the clwity and hence for iaking reasonablc steps for die prcvcnlion and detcclion of fraud and othLr irregularitie5. 'rhe trustees are responsible for th¢ Inain¢¥nanco and in¢egrily of ihe ¢oiyoraie ond financial inforniation includrd 011 tli¢ cliarit4ble company's website. Legislation 8ovcrJiin8 the preparation and disseininalioii of rinancial Blatcjnenls mdy differ froin le8is18tion itt other juri$diction%. Approved by ilie tru%te&4 of the cl)arily on.... . and slgned otl its behalf by.. Mr D M Bas3elt Chaimian 8nd Iwstre Pag¢ 5 League of Friend8 of Exmouth H08Pital Independent Ex9miner'8 Report to the trustees of Loague of Frlends of Exmouth Hospital I report to th¢ trus￿ on n)y cxamination of the accounts of League of Friends of Exrtlouth Hospital for the ycar ended 3 1 December 2024. Responslbllities and basis of report As the Ch￿ity tnJ5tee5 of Lca8ue of Priet￿$ of Exmouth Hospi1￿ you respunsiblc foi. the PLEparation of the accounts in oecovdan¢¢ wilh tlie rcquirements of thc Chariliey ACL 2Ql i ('Ihe ACL.). I report in rupect of my examination of the L¢agu¢ of Friends of Exniouth Hospital¥ accounts ¢arri¢d out under 3¢¢tion 145 of th¢ 2011 Act and in carrying out my cxaniinaiion I have followed all the 2pplicable Direciions given by th¢ Charity Commi88ion undcr scction 14515)Ibl of the A¢1. Ind¢p¢ud¢ot ¢x*mlmer'5 Statement I have complelcd my eX￿nIn￿lI0n. I confim) that no material mfitte￿ h&v¢ com¢ w my aitention in connection with tile examina¢ion givin8 nie Cause to bclicvc that in any maieiial respe¢t.' l. accountin8 recoiYl8 were no¢ kept in respect of LeAgue of Fii¢nd8 of Cxmoutt) Hospital as rquired by s¢ciion 130 ofthe Acl. or 2. the aceounls do not accord with those records. or 3. thc accounts do not comply willi Ihc accounting iwuirements conceming the form and content of accounts sct out in the Cliarities {Ac¢oun18 athd Rcporis) Regulations 2008 other th8n any I'cquirement that the aeeounts give a 'truc pnd fELii' VI￿ which is not a matter con5Ldered Bs part of on independent CX8minaiion. I have no eonceins Rnd hRve come across tjo other matters In conne¢tion with the examination to which attenlion Should be drawn in ¢hi5 r¢wrl in order to enable a prO￿r understanding ol the llccounls to be ￿Ched. Thompson Jennei. LLP Instttule afcharteTed Accountants England & Wale9 28 Alexandrn Tmce Exmouih Devon EX8 IBD Pagc 6 League of Friends of Exmouth H08Pital Statement of Finallcial Activities for the Year Ended 31 December 2024 Unrestricted funds Total 2024 Intome #ttd Endowmtnts from: Donations and legacies Inve51rnent tncome 147.461 16.754 147,461 16.754 Total incom¢ 164,215 164,215 Exptndithre on: Raising fvnds Charitable activitres Oth¢r expenditur¢ {7,324) (36,6551 3,4861 {7.3241 {36,655) 3,486 Total expeTrditurc Gainsljosses on investment assets (47,465) 44,332 (47,465) 44,332 Net illcomc 161,082 161,082 Net movemenL fvt)ds 161.082 161,082 Reconciliation of funds Totsl funds brought forward Total ffijnds c￿Tled forward 698,118 859,200 698,118 859.200 14 The note8 on pagcs 10 to 19 torm an integral partof these financial 5t&tements. Page 7 League of Friends of Exmoutb Hospitsl Statement of FinanciAI Activiti￿ for the Year Ended 31 December 2024 (continued) Unrestricted funds Total 2023 Note Ineome liid Eodowmtnts from: Donations gAd legacies Investnienl income 1,680 15,187 1.680 15.187 Totd incotne 16,867 16.867 Expendlture on: R￿81￿8 ftjnds Charitable adivities Other expendilur¢ Tolal cxpcnditurc 08insllosses on invesiment assets (5.922) (16,115) 38 15,922) 12.338) (24,375) 11.912 {24,37S) 11,912 Net incoine 4.404 4.404 Net movcment in 4.404 4.404 Re¢onciliAtioii of funds Total funds bivught fotiv8rd 693 714 693,714 698.118 Tothl thnd5 carricd forward 14 698,118 All of the Cl￿nIy,S aciivilies derlve from contlnuin8 opcfaiions during thc above iivo yejuods. Th¢ fund5 breakdON￿ for 2023 is 3hown in note 14. The not¢s on paE¢s 10 to 19 foiTh an integral part or.1]￿se f￿ancial statrinents. P8gc 8 League of Friellds of Eimouth Hospital (Registration Dumber". 254353) Balance Sheet as at 31 December 2024 2024 2023 Note FTxed assets Lnve5tments 711,038 657,593 Cllrreut w¢ts Debtors Cash ai bank and in hand 10 74 153,606 153,680 77 52,988 53.065 Creditors= Aft￿￿￿ts falling d￿e iyithin ono ye8r Net ¢urrent assets 12 16,118 12,541 147.562 40,524 698 117 Net ￿Sets 859.200 Funds of the charity.. Unrestricted ineome Unresiritted fvn(ts 859.200 698,117 Total funds 14 859,200 698,117 ci&1 statements on pages 7 19 were approved by the trustees. and authorised for i$3ue on and signed on tiieir behaIf by: Mr D M Bassett Chairrnan and trustee The notes on pages 10 ￿ 19 form an integral part of tlwse finan¢ial ststenents. Page 9 League of Friends of Exmouth Hospltal Notes to the Finallci81 Statements for the Year Ended 31 December 2024 l Accounting policit5 S*#t¢m¢v¢ of ¢owpllantt Thc financtal slatem¢nts have b¢¢n pr¢paTed in accordanc¢ with tlie second edition of the CliaTlties Statcment of RecoTnmendcd PTactlCC 15sucd in October 2019. the Financial Reporting Stsndard applicabl¢ in the United Kingrted on a basis con8istcnt with the use of r¢50urccs, with ceotrnl itaff ¢osL% ttllocaied on basis of tinie spent. and deprcciation diaTg¢s allocated on the portion of die &88Ct's use. Otliei. support ¢05ts are all0¢a￿d bos¢d on Ihc spread of staff costs. RrtiYiMgfu4ryds Thcsc are costs irt¢urr￿ in Atti'acttn8 voluntary incom4 thc managcrnent of investments and t[￿¥e incurred in trading activities ti)at raise fvnds. Cb4rli4ble tteiivlties CEwitable expenditure coirtpi'is¢s tliose costs incurred by the charity in thc delivery of its actsvilie5 and seivic foT its b¢n¢fiti8Ties. It includes both costs that be 2lloc&ted directly to such a¢tivilies and those ¢osis of an indirect nature necessary to support tlwn. Page 10 ague of Friends of Exmovth Hospital Notes to the Financial Statements for the Year Ended 31 December 2024 (continued) Gr&iiiprovlslo# Provisions for grants are mad¢ when ihe intention to make a grant has been temmunieated to th¢ w¢ipi£nt but theie is unceriainty about either tlie tiilling of the 8rant oi. the amount of 8LW)t payable. T*x*tlts The diarily is considered to pass the tests set out tn P￿t8￿aph I Schtdule 6 of the Finance Act 2010 and Ihereforc il mcets the definition of a ¢li&'iiable conipany for UK corporation tax purposes. A¢cordingly, the charity is potentiaIly exempt fmm taxation in respcct of incotne or capital gains received iviiliin caicgories covered by Chapter 3 Parl I l of thc Coi'poration Tax Act 2010 or Section 256 of d)¢ T￿ation of Chargeable Qains Act 1992. tr> the extent thot Suth yn¢om¢ or gains are applied exclusively to chari¢abl¢ purpose8. Fly¢d a88•t 5nvestmehts Fixed asset inv&8iments, oihcr than progiwnmc related invcstmenis, ar¢ intluded at moiket valuc at Ilic balwice Sheet dale. Re￿ised 8ains and losses on Invastmcnls Drc calciilalcd as the differeiicc bctween sales priKecds and thcii. markel value al Ilje siart of lh¢ ye￿. or their subsequent cost, and are ciisrged or ere(titcd to Uie sm1&n￿l ofFsnaneial Aciivitics in the puiod of disposal. Unrealised gains 8nd losses represent the movemenl in market values during the ycar snd are credited or ch￿ged to the Sialctncni of Financial Activities b#sed on the In￿4(* valu¢ a¢ Ihe year end. Tradt dtbtors Trade debtors are amounls due from ¢ustomers for mttehandise sold OL. Servic￿ performcd in lh¢ ordin8ry COULY of biisincss. Trad¢ d¢btOTS aT¢ recognised iniLi&lly F4t th¢ irAnsactlon prlce. They subsequently nieasured at amortLSed Cost uyin8 thc effective intercsi mcihod, less provision for imp&ii'ment. A proviston for th¢ linpalnn￿1I of iilde debtors is cstablislicd when there ig objective evidcnee that the chArity will not bc ablc to coll￿1 all amounts due aLcording ￿ the original temis of the J'eceivAbles. Cgsh and cash equlvllents Cash and cash cquivalcnts comprise cash on hand and call dewit5, and otliei. sliort-term hi8hly liquid invesimcnts that are reodily convertible to a known ojnount of ¢asl) thd w'¢ subjc¢t to an insigrLifJ¢ant ri8k of chan8c Èn valuc. Fund strncture U]ycstricied incorne funds gre 8elie￿I funds that 8re avsilablc for usc at thc tnL4ttts discretion in furtl]craT￿ of tlie obj¢¢tives of th¢ ehw'ity. Fl#8n¢l*l In$¢ruments Financial assets ond fln8n¥lal Itabiliiies are reco8nised when the charity becoines & party ¢0 the eontractual provisions of the iTh8tsum¢nL rlinaneial liabilities Attd eqllity instn]ments are.¢1￿1r1ed according ￿ ihe subsLance of the contractual O￿all8¢M¢n￿ entered into. An equity instrument is any ¢onts3¢t tljat tvidencc5 a iEsidual intercst in the 4sset5 of thc charity after dedutting all of ils liabilities. Page 11 ague of Friends of Exmouth IIospital Not￿ to the FillaftciAI Statemellts for the YeAr Ended 31 December 2024 (Continued) Recéjgntlion All financTal assets and liabilities are initially mc&sured at transaction price (includin8 transaction costs), except for those fin8ncial asset$ classified AS at fair value through proflt or 1085. wmch initially measured at fair va]ue (which is norillally die transaction price excluding transaction costs), unless ili¢ arrangement conslitutes a financing transaction. If an arrangcmcnt ¢enstitut¢s a fij￿￿tIng tratwGtion. tlic financial asset or financial liability is measured at the present v￿uC of the futllre p&ynieJJts discounted ot a maTk¢t Mte of intercst for a similar debt instnttx￿L Financial assets and liabilities are only offsct in the statement of financial positiort when, and only Wh￿ there exists a leg8]ly enforceable right to set off the recognised ￿n0￿￿￿ and the Cli￿lty intcnd$ eidier to settle on a nct basi5, or to reaiise the asset and settle the liability simultaneously. FinanciaI 8s8ets are der¢co8fkised when and only when a) the conlTactual rights to the cash flows from the financial asset expir¢ or settled. 6) tile charity tt?nsfers io another parly substhntially all of the Tisks and rew￿XIS of ownership of the financial as5eL or G) the Ch￿.1LyY despite having I￿ained some, but not 8]1, sigAificant risks and rewdrds of Ownersht￿ has tr8t3sferred control of th¢ asset to another party. FinanGial liabilitie5 air de￿gnised only wlien thc obligation Specifted in the tontra¢t is di￿h￿ge4 canedled or expires. InVest￿ents in non-￿￿Vertib]e preference shares and non-puttable ordin8ry or preferente %har&s (where shares aTe publiGly ts7ded or their fair value is reliably m¢asiirabl¢) are measured at fail. value through profit oi. los& Whcre fair value cannot be measured reliably. investhients 8re m¢asur¢d at ¢ost l¢ss impaimlent. Investments in subsidiaries and associate$ are ineasured ar eo$¢ less impwrmeni. For inve$im¢nts in 5ubsidLarL¢S 8¢quired for consideTaiion inGJuding tlie issue of shares qualifying for mer8er relief. cost i% mekL8wrd by reference to the nomin&l value of the sham issued plus fatr value of other con$tderauon. Any premium is ignoTed. Fair vothe measurepllenl Thc best evidcnce of fair valuc is a quoted price for an identical assct in an active markd. When quoted price5 are unawdilabl< the price of a itcent transaction for Sn ideniital Esset provides evidertte of fair value as lottg as theit has not been a significant djange in ecotx>mic CllEumstances oi. a SI￿lfiCallt lapse of time since the transaction took placc. If the market is not active and recent transactions of identic￿ a55et on their own arc not * good esiimate of fair value, the f2ir value is estimated by using a valuation technique. 2 I#¢0￿¢ from donations legacies Unre5tri¢ted fund5 Totsl 2024 Totsl 2023 Donatio08 and legacies Donations frotn individuals L¢ga¢i 1,377 146,084 1,377 146,084 1,680 147,461 147,46 1.680 Page 12 League of Frie￿d8 of Exmouth Hospital Notes to the Fin2Deial Ststemellts for the Year Ended 31 December 2024 (continued) 3 Investment Income Total Total 2024 2023 CapitaI gAin$ T￿lIS¢d Dividends and iThlerest on quoted securitics Bonk int¢r¢sl I'x¢iv¢d 16,754 14,960 227 16,754 15,187 Page 13 League of Friellds of Exmoutb Hospitsl Note8 to ibe FiDallclal Statements for the Year Ended 31 December 2024 (continued) 4 Exp¢ndi¢ure on raising fund5 Tot41 Tot*1 2024 2023 Investment adviser fecs 7J24 7,324 5,922 5 ExpenditsEre tharitable #ctivities AmeDities Tot*1 Total 2024 2023 Chri8tma$ Pres¢nts to Patien¢s 200 175 Gard¢n Plants & Maintenance J,793 142 4,360 1,628 8,000 290 Appollo Chairs Raiza Lift Chair5 292 Ward Pedometers Exmouth Colle8e Donatign NHS ward & corrtdor refurb donation 338 1,325 Nurses BBQ Tina Slade- Nwse8 Sundries Futtd 1.644 2iO Donation- W8rdlNurses Fund 1250 2,500 15,287 700 Community Bus Donation NHS Eqllipment for MIU Dep￿￿￿￿￿( Dctnentia Cloeks WTLAlarm Clocks 228 Nursing Bags Headsup Mental Health Donatiotl Hospital GaTd¢n Table and Chait Nur￿% Comtttunity Bags Wreath- Poppy Appejl 5,900 470 999 2,950 50 36.655 16,115 Pgge 14 League of Friends of Exmouth Hospit21 Notes lo the Finallcial Statements for the Year Ellded 31 December 2024 (eonlinued) 6 Other ¢xp¢no1t￿ Administrative Expenditure TotAI Total 2024 2023 Insurancc 218 15S Coniputer soliware and Maintenan￿ cosLy Accoiitancy Priniin& postage and stationery Tr8d¢ Subscriptions Advertlsing 1,755 1.440 S3 306 1,680 62 20 20 115 3,486 2338 Page 15 lugue of Friends of Exmouth Hospltal Notes to the FiDancial Statements for the Year Ended 31 December 2024 (continued) Governance Costs Tot41 Total 2024 2023 Accountancy and independent txaminejx fe&$ 1,440 1,680 1,440 1,680 7 Trvst¢ts r¢mUth¢r*t￿h #nd upens¢s No truste&%, nor any person5 eonnected with them, have receivcd any remunerztion from the ch￿'Ity during the No trustets baye reeeived any reitnbursed expeL)stt or any other bellefIts from the Gbarity during the year. 8 Txxxtlo The charity is 3 re8iStcr¢d dJaTity and is th¢relore ¢x¢tnpt fi'orn t￿atIOn. Page 16 Le2gue of Friends of Exmouth Hospital Notes to the Financial Statements for the Year Ended 31 December 2024 (eontinued) 9 Fffixed asset Investmellts Other InveBtmeDts Listed ltyvostments Tot•1 Cost orV¥lu#¢lo At l January 2024 Revduation 657,593 54,045 657.593 54,045 At 3 1 D¢c¢mber 2024 711,038 711.638 Net book vgjue At 3 1 Detetnber 2024 711,638 711,638 At 31 December 2023 6)7,593 657,593 JO Debtors 2024 2013 Prepayments 74 77 11 C*511 And ea$k ¢qulv*ltttts 2024 2023 C&%h at bank 153,606 52,988 12 Creditor5: arnounts f411ing due within one yegr 2024 2023 Aecnjals 6,118 12,541 IJ c0￿￿￿1tHts The League of Friends of Exmouth Hospithl has Inade comrllitttlents to 5UPPOrt annual recuning ¢xJKn(bture esttmated to be £29,200 pei. annllm. On approval of the accounts for 31 December 2024 there liave been no sp¢cific commttmenL8 made to support tapital expendiDJre duiing 2025. P38e 17 League ofFriends of Exmouth Hospital Not￿ to the Fillaneial Statements for the Year Ended 31 December 2024 (continued) 14 Funds B#laN¢e at 31 D*témbÈr 2014 BalAnce At I January 2024 Other ResoDrtes Tr*eognlsed exp*nd¢d gaiJLsII105ses) resoui'ets Unrestrieted Geiieral General Fund Unreali5ed gains on invtsthients 623,820 164,215 (47,465) 18.890 759,460 74.298 25,442 99,740 698,118 164,215 (47,46 44,332 859.200 Balance at 31 Detember 2023 Other recogni5ed insll1oss￿l January 2023 Incoming resources Rt5011rtes expended u￿r￿trIcted fund$ Génerol GeDeral Fwld Unrealised gains on investments 630,0417 16.867 (24,375) 1280 0￿,8]9 63,666 693,713 11,912 28,779 1,280) 74,29S 698,117 24,375 General are those ]￿Id wtthout any dest8nation or restrictions upon them. Utjrealised gaitLS on invesitnents fund represents the movetnent in value be¢we¢n wst and tlw market vdue of the inw¢stsnenl portfolio. Page 18 LeAgue of Frlends of Exmouth Hospltal Notes to the Finallclal Statemellts for the YeAr Ended 31 December 2024 (continued) IS An8lysJs of n¢t 4SStts betWL%n funds Unrestrlettd Total thttds at 31 Dec*mber 2024 Gener21 Fixed asset investm¢nts CuJTent a5SCt5 Current liabiliti 711,638 153,680 {6.118 711,638 153.680 6.118 Totol net assets 859.200 859 200 Uhre5trieted runds Ceueral Totgl funds at 31 Dtetmbtr 2023 Fixed Lsset inv¢sth]¢nts Currcttt assets Current liobilities 657,593 53,065 12,5411 657,593 53,065 Total ￿getS 698,117 698,117 A6 Related party ti'iiisattions There were no related parLy trAnsactlons in th¢ year, Page 19