REGISTERED CHARITY NUMBER: 261031 Re rt of the Trustees and Finantlal Statement5 For The Year Ended 31 December 2024 for ue of Frlends of Strntton Hos The Lea ital
The Lea ue of Frlends of Stratton Hos Ital Contents of the Flnanclal Statements for the Year ended 31 December 2024 Page Report of the Trustee5 Ito3 Independent Examiner's Report Receipts and Payments Account Statement of Assets Notes to the Financial Statements 7t08 Detailed Receipts and Payments Account
The League of Friends of Stratton Hospltal Report of the Trustees forthe Year Ended 31 December 2024 The trustees present thelr report with the financial statements of the charity for the year ended 31 December 2024. Ttte name of the charitv 15 The Lea8ve of Friends of 5tiatton Hospital. REFERENCE ANO ADMINISTRATIVE DETAILS Registered Charity number 261031 Principal address Stratlon Hospital H95Pltal Road Stratton ude Cornwall EX23 98R Trustee5 Mr5 A Furse Mrs S Merchant Mrs C Roberrs Dr P Hlllenbrand Mrj W(ckett Mrs D Wellington Mr5 0 Jory Mrs M Bri8ht Dr R Waterhouse Mrs M Tilley Mr5 C Simmons Mr D Par50n5 Mrs J M Bakewell Mr5 P Boundv Mrs T Ely Chair Chair Secretary re518ned 20 March 20Z4 appointed 20 March 2024 Tesigned 3 July 2024 Vice (halr appointed 20 March 2024 Mr Alan Mlll 15 President but is not 3 trustee Mr SJ Hutchlnson is the treasurer of the charity but not a trustee Independent Examlner Metherell Gard Ltd Chartered Accountants Brn View Bude Cornwall EX23 88X Bankers 8aTcSays Bank plc 9 High Street Colchester Essex COI IDA Page I
The League of Frlends of Stratton Hospltal Report of the Tru5tee5 for the Year Ended 31 December 2024 GoveTnlng document The League of Friends of Stratton Hospital is an unincorporated thailrableassociadon goveTned by a written constituOn 13 Marth 19701, tngst recently updated March 2018. Recruitment and appointment of new trustees New trustees are co-opted to the board by the existlng trustees through the year and formally appointed at the charlvs Annual General Meeting. No other person or body is entitled to appolnt a trustee. Induction and traininE of new trustees The Inductltsn and trainlng OT new trustees Is Lhe responslbllliy ol the board as d whole, however. tli55 can be de1ted to individual trustees as ne¢essary. Risk management The trustees have a duty ta identlfy and review the risks to whlch the charity Is exposed and to ensure approprlate contro15 are in place to provide reasonable a5surnnce against fraud and error. oBJEIVEs AND AcrivrriES Oblectlves and actlvltles The oblectlves of the chariry areto asslst patlents and former patlents of the Hospltal and other people in the cornmunity, who are slck, convalescent, di58bled. handicapped, infirm or in need of asslstanre and generally to support the charltable work of Stratton Hospital and commgjnity healthcare servlces in the area Seed hy the Hospital. The charity promotes itself through events In the local community and generates general donations and legacie5 through thSs work. The charity also run$ Specific fundraising events and commvTricate5 wlth the publi¢ artd its members through webslte and Facebook. Cash balan5 are maintained to fun(6 antidpated fvture expendlture. Decisions on fundralsing and fund allocation are made ai the regular committee meetings. In setting theii objectlves and plannlng their aCtltIeS the trustees have given careful considefation to the Chaiitv Comrnission'5 general guidance on public benèfit. ACHIEVEMENT AND PERFORMANCE Charltable activities Durlng the ye3r the charity raised £62,54112023 £34.4341 through subscriptions, donations. legacie5. fundraising and Interest received. ExpendSture on Hospital, medlcal centre5 and care home equipment was £15,63512023 E29,9511 together with a further £7,77512023- £8,330) on running costs forthe hospital vending machine and other5LlPPOrt C051s. Chalrman's statement I have been the chair nc*W ftsr 2 year. Fifstly. I would Ilke to thank Stephen Hutchinson and Chri5 RDberts for all theiF support and also the Trustees for thelr attendance at meeting5 and a551StanEe In rnany aspects throughout the year. Once again. we are very grateful to Chris and Sandra Heafd at Pendeen Car Boot Sale who continue to wetttjrne our collection5_ Thanks also 80 to John Wickett for organising the fota of vglunt¢Èr ¢ollerfors who have raised £10.254 in 2024. The Ho5pildl &tdfl dre lorever graLelul io ihe L.O.F. for the provision of equipment & support that ensures the patients, stèy in hospltal is a better experience. They are thankf¢Jl too for the dlrect support, e.g. via the Xma5 voucher. Page 2
The League of Frlend5 of Stratton Hospltal Report of the Trustees for the Year Ended 31 December 2024 Overview and reserves During 2024 the League expended £15,635 up8rading hospltal, medlcal centre5 and cère homes equipment ¢0 the higher standard in accoidance with its main objective5. The funds held by the chariiy will continue Èo be used for this purpose in 2025. Voluntary income is spllt between restricted and unrestrlcted funds. Only amounts specified as Testrlcted by the donor have been treated a5 such. The amount not yet spent at the year end h45 been carrled forward in the restil¢ted reserve. The level of reserves held, £626,356, is hlgh at the preserjt tlme, The trustees expect further projects to reduce these fund5 to a rnorè rea%onable level in the neaT future. In normal ¢ircum5tance5 the level of reserves cgn5idered by the trustees. to be reasonable is the equivalent of one yearfs nomial expenditure. ON BEHALF OF THE 80ARD Mis Shirley Merchant- Chairman 12 March 2025 Pa8e 3
Independent Examinerfs Report to the Trustees of The League of Frlends of Stratton Hospital I report to the charlty trustees on my examlnatlon of the accounts of the Chaftty for the year ended 31 Decernber 2024 which arè Set oui on pages flve to elght. Respon5ibilitie5 and b3sTrS of report A5 the charity's tiustees you are responslble for the preparation of the accounts in accordance wSth the requlrements of the Charitie5 Act 20111'thE Acl'l. I report in respect of my examinatlon of the charitls attDunis ¢arrled out under section 145 of the Art and In carrylng out my examination I have followed all the applicable D1CtIonS gsven by the Charity Comm1551on under 5ectlon 14515llbl oftheArt. IndependLt examlner's statement I he completed my examination. I confirm that no material matters have come to my attentlon in connection wlth the examination giving rne cause to believe that in any material respect.. a¢countrng re¢ords wère not kept In reSpt of the tharity a5 required by sectlon 130 of the Act,. or the accounts do llot accord with those rccords I have no concerns and have come acr055 no other matter5 in connection with the examination to which aitenlion should be drawn In thls Teport In order to enable a proper under5tandlng of the accounts to be reached. David Nigel Cox FCA Metherell Gard Ltd Chortered Accountants Burft W1ew Bude C¢rnwall EX23 8BX Page 4
The Lea ue of Friend5 of Stratton Hos Recei ts and Pa ment5 Account for the Year Ended 31 December 2024 ital 2024 Total funds 2023 Total funds Unrestrlcted Restricted funds funds RECEIPTS Receipts from generated funds Voluntary income Activities for generating funds Investment Income Total recelpt5 Notes 27,490 14,040 21,011 62.541 27,490 14,040 21.011 62,541 15,502 12,776 6,156 34,434 PAYMENTS Costs of generating funds Costs of generating voluntary income Charitable artivities Cost of charitable activities Govemance costs Total payment5 22,687 543 23.230 180 22,867 543 23,410 37,641 640 38,281 180 NET RECEIPTs/IPAYMENTS) before transfers Gross transfers between funds Net recelpts/{payments) 39,311 1180) 39,131 13,8471 39,311 11801 39,131 13,8471 RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 586,925 626,236 300 120 587,225 626,356 591,072 587,225 Page 5
The Lea ue ot Frlends of Slratton Hos Statement of As5et5 At 31 December 2024 Ital 2024 2023 Unrestrlcted funds Restrirted fund5 Total funds Total funds Notes BANK AND CASH BALANCES Current account Deposit accounts Cash in hond 125.323 5CQ,913 120 125.443 500,913 93,025 494,200 626,236 120 626,356 587,225 FUNDS Unrestrlrted funds Restricted funds TOTAL FUNDS 626.236 120 626,356 586.925 300 587,225 rhe financial statern&nts were approved by the Board of Trus¥ees on 12 Marth 2025 and were signÈd On its behalf by.. Mrs Shirley Merchant - Chair Page 6
The Lea ue of Friends of Stratton Hos Notes to the Financial Statements forthe Year Ended 31 December 2024 ital I. VOLUNTARY INCOME 2024 2023 Voluntary income 27,490 15,502 Included within voluntary income are legacies amounting to £18,409 (2023 - £5,1061. 2. ACTNITIES FOR GENERATING FUNDS 2024 2023 Fundralsing events Other receipts 12,999 I,Q41 14,040 ii,ioo 1,676 12,776 Analysis of fundraising events". 2024 2023 Hospital fete Table Top 53les Other, including Pendeen Car Boot Sèle donation5 2,266 479 10,254 12.999 1,649 191 9,260 ii,ioo Analysis of other receipts.. 2024 2023 Vending machine Subscription5 866 175 1,041 1,486 190 1,676 3. INVESTMENT INCOME 2024 2023 Deposit account interest 21,011 6,156 Pa8e 7
The Lea ue of Friends of Stratton Hos ital Notes to the FlnancSal Statements- mntlnued for the Year Ended 310ecember Z024 4. COSTS OF GENERATING VOLUNTARY INCOME 2024 2023 Table Top sales Other, including advertising and Chrlstmas cards 5. TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefit5 for the year ended 31 December 2024 nor for the year ended 31 December 2023. Trustees, Expenses Incidental expenses Incurred by the trustees on behalf of the charity are reimbursed on presentation of relevant vouchers to the treasurer. No payments were made during the year 2024 (2023 - £01. 6. MOVEMENT IN FUNDS At 1.1.24 Net movement Transfer5 In funds between funds At 31.12.24 Unrestrirted funds General fund Restricted fund5 Speciflc equipment TOTAL FUNDS 586,925 39.311 626,236 300 587,225 11801 39,131 120 626,356 Net movement in funds, included in the above are a5 follows: Receipts Payments Ivlovement In funds Unrestrlrted funds General fund Restricted fund5 Specific equipment TOTAL FUNDS 62,541 123,2301 39.311 11801 123,4101 11801 39,131 62,541 Page 8
The Lea ue of Friend5 of Stratton Hos ital Detalled Re1 ts and Pa ments Account for the Year Ended 31 December 2024 2024 2023 RECEiwrs Voluntary income Donation5 and legacies Activltles for generating funds Fundraising events Other recelpts 27,490 15,502 12.999 1.041 14,040 ii,ioo 1,676 12,776 Investment income Deposit account interest 21,011 6,156 Total reteipts 62,541 34,434 PAYMENTS Costs of generating voluntary income Fundroisin8 events Charitable activities Hospltal equipment purchased Vending machine expenditure Daily papers Christmas decorations and presents Vouchers Staff and pètient PBrties Postage and stationery Hospital garden improvements Other payments 15,635 4.148 786 193 1,790 150 55 29.951 4.409 655 140 50 1,998 119 iio 22.867 310 37,641 Governance costs Insurance Committee expenses 503 40 476 164 Total payments 23,410 38,281 Net receipts 39,131 13,8471 Page 9