Charlty r•gistration numb•r 263378 (England and Wal•$l THE LEAGUE OF FRIENDS OF NORTHWICK PARK HOSPITAL ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
THE LEAGUE OF FRIENDS OF NORTHWICK PARK HOSPITAL LEGAL AND ADMINISTRATIVE INFORMATION Trusts•s M 8tsyd Y Smith R Mody M Kara S Hunte J Raskovi¢ D Powton Chorlty numbor 263378 Reglstered offlce Northwck Park Hoswtsl Watlord Road HarTOW HAI 3UJ Independent oxamlner Stephen Meredilh FCA DChA Alliotts LLP Manfield House 1 Soulhampton Street London WC2R OLR 8ankerB Lloyds Bank PLC 2861288 Stabon Road HarTOW Middlesex HA1 2EN Honorary 8olleltorn Mr S Brook Brook Marb'n & Co 29 York Street London W1H 1EZ
THE LEAGUE OF FRIENDS OF NORTHWICK PARK HOSPITAL CONTENTS Pagè Trustees, report Independent examiners report Statement of financial activities B81an¢e sheet Notes lo the financial stslem*nl$ 7-12
THE LEAGUE OF FRIENDS OF NORTHWICK PARK HOSPITAL TRUSTEES. REPORT FOR THE YEAR ENDED 28 FEBRUARY 2025 The Trustees present their annual report and financial statements for the year ended 28 February 2025. The financial ststements have been prepared in accordance vAth the 8ccounb.ng poliryes sel out in note 1 to the financial statements and compty with the charty's 9oveming document. the Charrties Act 2011 and 'Accounting and Reporting by Charrties. Statement of Recommended Pradice applicable to charities preparing their accounts in accordance with the Financial Reportjng Standard applicable in ihe UK and Republic of Ireland IFRS 1021 leffective 1 January 20191" Objectives and activities The Object ol the charity shall be to relieve patients and fomier patients of Northwck Path Hospital Ilhe Hospital'l who are sick, convalescent. disabled. handicapped. infirm or in need of financial assistance and, generally, lo support the charitable work ol the Hospital. For the purpose ol carying out the Object. bul not otherwse, and with the approval of the Hospital Management Committee. Ihe League shall have the following powers.. To provide or assist in the provision of amtrnitses in the Ho$pit81 for the htralth, wtrlfartr and cornfort of p81ien18 ther8ln, by the provislon ol faaliti¥$, builain9s and tquymènl. To raise funds and to invrte and recewe conln'twjbons from any person or petsons or org8nisalions whatsoever by subscription, donation or otherwise. To lake and 8¢cepl gifts of property for the Object ofthe League. To undertak¥ and exe¢ul& any charitable Trust. To do all such things as are necessary for the attainment of the Object. To relieve distressed and needy patients, or other invalid8 or. where appropriate. their families being in need of financial assistance. Strat6gies lor Achieving 8ims and obj6cli$ This Object is achieved by the running of a Hospital shop and assocjaled seryices. Public benefit The Trustees have paid due regarrj to guidance issued by the Charity Commission in deuding what adivities the charity should undertake. When planning the activities during the year the Iwslees have consided the Commission's guidance on public benefit and, in p8rti¢ular, the $pe¢Jfi¢ guitlan¢& to ¢h8wilie$ for the 8dv8n¢emenl of public health. Aehi•vom•nts and pèrfomane• Significant activities and achievernenls agginsl objectives The Trustees are encouraged to find thal people are willing and able to give their ts.me to help out at local charities such as their local League of Friends. However we have lo report the loss of many volunteers induding all of our students due lo the changes irnplemented by the Hospital Managernent. No paid employees are now invofv8d. In the charity shop it is not possible to sell similar yd$ as previousty but whilst we do not expect to match the substantial amounts donated in the past we hope to be in a posibon to make a useful contribution to the requirements of patients. staff and visitors. The day traders are making a subslantial conlribubon to our ftjnds in addition to proV1ng a very useful service to all their customers, 8nd we wsh them well for the fvture. Investment Income has been very poor as bank interest rates particula to chanb.es a minimal.
THE LEAGUE OF FRIENDS OF NORTHWICK PARK HOSPITAL TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025 Financial review At the year end cash at bank totalled £397,09912024." £356,070}. Ward and other bids for hospital equipment have been sought and dispensed much ol the reserves. Tnjstees duts.es have recently been reorganised to pursue bids. At year end. unrestricted reserves totalled £401.06312024.' £357.3291. Reserves policy It is the policy of the chanty that unrestricled funds which have not been designated for a specific use should be maintained al a level equivalent to betyen three and six month's expenditure. The Trustees considers that reserves at this level will ensure that. in the event of a signrficant drop in funding. they will be able lo continue the charity's current activities while wnsideralion is given lo ways in whth additional fvnds may be raised. Thi5 level of reserves has been maintsined throughout the year. Thè bids are considered and decided upon with the assistance of pfolessional medical personnèl. Subject to the retention of up to £SO,000 for emergency requests. tt is the aim of the Irustees that all (Jonations and earnings in any year will be dispensed for the benefit of the hospital and ils patients before the end of the ensuing year. In this year, however. consideration has been given to the needs of the hosprtal and extensive plans cuentlY under review. M8jorrisk$ The main risk facing the charity is the reduction in both donations and legacy income. This will prevent the donation of equipment to the hospital and reduce the support which may become necessary to the League of Friends shop. The trustees have exarnined the major strategic business and operatsonal risk5. which the charity faces. and confirm that systems have been established lo enable regular reports lo be produced 80 that thtr necessary stèp$ can b tskan to l&ss$n th$ risks. Plan8 lor luturè p•rlod8 At this juncture it is not possible lo predict wh81 can be 8¢hieved in Ihe ftrture. 11 1$ necessary lo await the outcome of thè many changès which have had to bè be Implemènted. You may be assured that your trusteès, togethèr with the loyal ban¢J of ¥olunleers, will ¢onlinu& lo WO wrth due dilig&n¢ and ¢nthu$ia$m lo a¢hi¥e tho bs$t rosult possible In the coming year. Structure, governance and managem•nt Thè Lèague of Frionds ol Northw1¢ Park Hosprtal is an unincorporated association govèmed by a sat ol Objècts and Rules. The Rules were adopted on 23(d February 1972 and amended on 25th May 1977, 23rd May 1979, 10th June 1998 and 17th June 2002. The Trustees who served during the year were.. M Boyd Y Smith R Mody MK8r S Hunte J Raskovic D Powton Recruilmenl 8nd appointment ofirustees The committee have the authority to elect any member of Ihe League to the committee to fill any vacancy until the next annual general meets'ng. Org8nisahon81 stfuoture The charity is governed by a Committee of not less than 10 nor more than 20 persons. At each Annual General Meeting one third (to the nearest whole number) of the Committee retires by rotation but such persons may stand for re-election. The Chairman. Seuetary and Treasurer are elected by Ihe Committee.
THE LEAGUE OF FRIENDS OF NORTHWICK PARK HOSPITAL TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025 The Trustees, report was approved by the Board of Trustees. .TrawdP.awon.I&KL.Q.2025. 148prn} D Powton Trust• Date.. 12 Sep 2025
THE LEAGUE OF FRIENDS OF NORTHWICK PARK HOSPITAL INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE LEAGUE OF FRIENDS OF NORTHWICK PARK HOSPITAL I report to the Trustees on my examination of Ihe financial statements of The League of Friends of Northwick Park Hospital (the charity) for the year ended 28 FetKuJry 2025. Responsibilitl8s and basis ol report As the Trustees ol the charity you are responsible for the preparation of the financjal statements in accordance with the requirements of the Charffies Act 2011. I report in respect of my ex8minab.on of the charity's financi81 staleThnts c8rried out under section 145 of the Chaiities Act 2011. In CaIng out my examination I have followed thè Directions given by the Charity Commission under section 14515llbl ol the Charitses Act 2011. Independent examine8 Statement I have completed my examination. I confim that no maltets ha¥& ¢ome lo my attention In ¢onne¢tion with th èxamination giving m8 cause to belièv• that in any malèrial rèspèd". accounting records were not kept in respect of the charity as required by section 130 of the Charities Act 2011. the finan¢i81 ststem&nls do not 8¢¢ord wrth Ihose re¢(>rds", of the finanaal statements do not compty wlh the applicable requiremenls cJ)nceming the lomi and content of financial statements set out in the Charibes (Accounts and Reportsl Regul8tion5 2008 other than any requirement Ihal Ihe financial Statements give a true and lair view, which is not a matter considered as part of an independent examination. I hgve no ¢on¢ems and have eom& am)$$ no other Motte in connection wth the examination to whlch attentlon should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Stephen M•redrfh (Sep l? 2025 201wfl Stephen Meredith FCA, DChA liotts LLP Manfield House 1 Soulhamplon Street London WC2R OLR Dated.. 12 Sep 2025
THE LEAGUE OF FRIENDS OF NORTHWICK PARK HOSPITAL STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 28 FEBRUARY 2025 untricted funds 2025 Unrestricted funds 2024 Notes Income from: Donations and legacies Other Ir8ding activities Investments 562 64.513 3,4S7 5,578 58.190 2,392 Total Income 68,532 88,160 Expenditure on.. Raising funds Charitsble adivilies 18,467 6,331 38,118 4,638 Totsl •xpèndltur• 24,798 42,756 Nèt Incom• and mov•m•nt In lund8 43,734 23,404 R•conclllatlon of funds: Fund balances 8129 February 2024 357,329 333,925 Fund b8l•n¢•• ot 28 F*bNary 2025 401,C63 357,329 The statement of financial activitie$ in¢ludes al gain$ and lovJe$ r¢cognise<l in lh& y&8r. All income and expenditure derive from ¢ontinuing 8¢tiviti¥s.
THE LEAGUE OF FRIENDS OF NORTHWICK PARK HOSPITAL BALANCE SHEET AS AT 28 FEBRUAR Y2025 2025 2024 Notès Fixed assets Tangible assets 12 559 629 Current assets Stocks Cash at bank and in hand 13 6.240 397.099 5,682 358.068 403,339 361.750 Credltor8'. amounts falllng due vAthln one year 14 {2.835) 15.0501 Net current assets 400.504 356.700 To¢al a¥Jet• le¥s curr•nt Ilabllllle• 401.063 357,329 The lund¥ ol the charlty Unrestricted funds 16 401,063 357,329 401,063 357,329 The flngn¢lo1 $tst8ments wero gpproved by the TN$t8e$ on . 12 Sep 2025 A42 ?AGfp Pcwro .QgyJdPtrtrJAu.I&•R.tZ.2925. 1 48pMI D Powton TruJt••
THE LEAGUE OF FRIENDS OF NORTHWICK PARK HOSPITAL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 Accounting policies Charity inforrnation The League of Friends ol Northwick Park Hospiial is a charitable entity based wthin Northwick Park Hospital, Watford Road. Harrow. Middlesex. HA12EA. 1.1 Accounting convention The financial statements have been prepared in accordance wth ihe charity's governing document, the Charities Act 2011. FRS 102 Yhe Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP 'Accounling and Reporbng by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in 8ccordance with the Financial Reporting Standard applicable in the UK and Repubhc ol Ireland {FRS 1021" The thaiity is a Public 8enefit Entity 85 defined by FRS 102. The charity has taken advantage of the provisions in Ihe SORP lor charities not to prepare a statent of cash flows. The financial statements h8ve departed Irom the Charities IAccounts and Reports) Regulations 2(8 onty lo the exlenl required lo provide 8 true and fair view. This departure has invofved following the Slalemenl of Rècommended Practic6 lor chantS apptying FRS 102 rather than the version ol thè Statement ol Recommended Practice which 1$ refe(red to in the Regulabons but which has $ln¢e been wlthdrawn. The financial statements are prepa in steding, which is the funCtn81 currenry of the charity. Monetary arnounts in these financjal statements are rounded to the nea81 £. The financial statements ha been prepared under Ihe historical c¥)sl convention. The principal accounting policies adopte¢J are s&1 out below. 1.2 Golng eone•m At the lirne of approving the finanual statements. Ihe Trustees have a reasonable expectats'on that the charity has 8dequate resour¢es lo Continue in operational exislen¢e for the loreseeable future. Thus, the Trustees ¢onlinu& 10 8dopl Ihe going ¢on¢em basi$ of a¢¢ounung in pr$paring the finan¢ial s1olem¢nts. 1.3 Charltable funds Unrestricted funds are available for use al the discreb.on of the Trustees in futherance of their charrtable objectives. Restricted funds are subject to specffic condth.ons by donors or grantors as to how they may be used. The purposes and uses of the restricled lunds are set out in the notes to the finanaal statements. Endowment lunds are subjèct to spècthc condrtions by donors that thè capital must bè maint8in8d by thè chanty. 1.4 Incom• Income is recognised when the charity is legally enlilled to it after any perfomiance conditions have been rnet. the amounts can be rneasured reliabty. and it is probable thal income wll be received. Cash donations are recognised on receipt. Other donations a recognised once the charity has been notified of the donation. unless perfomiance conditions require deferral of the amount. Income tax recoverable in relat to dona¢ions receNed under GfftAMY 01 deeds of co¥enant is iec4)gnised at Ihe time of the donation. Legacies are recognised on receipt or othewse if ihe charty has been noiified of an impending diqlribution, the amount is known. and receipl is expecte(l. If the amount is not known. the legacy 15 treated as 8 ontingent asset.
THE LEAGUE OF FRIENDS OF NORTHWICK PARK HOSPITAL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025 A¢coun¢ing policies (Continuedl Shop income repsents the totsl sales, exduding value added tax, of goods sold during the year in the hospital shop. 1.5 Exp•ndltur• Expenditure is recognised on 8n aal$ basis a5 8 liabilty is incurred and is reported 83 part of the 8xpenditure to which it relat85. Costs of generating funds comprise shop expenditure which is assoaated wrth attracting voluntary income. Charitable expenditu comprises those costs incjjrred by Ihe charity in Ihe delivery of its activities and services for it5 beneficiaries. Governon¢& ¢o$l$ in¢lude thos$ ¢o$l$ •$sooats<l vrith mseb.ng lh& ¢on$litutsonal and statutory r¥quiremenls of the charty and thè f¥8 for the reporting independent examln¢r. 1.6 Tanglbl? Ilx¥d ¥8¥et• Tangible fixed assets are initialty meaSUd at cost and subsequentty meaSUd at cost or valuation, net of depreciation and any impairment losses. Depreciatron is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Plant and machinèry Fixtures. fittings & equipmenl 10% straight line 10% straight line & 10% nel book value The gain or loss arising on the disposal of an asset is detemiined as the dIffenCe beh¥een the sale proceeds and the carrying value of the assel. and is recognised in the sialemenl of finanrial actNrties. 1.7 Impalrnient of Ilxed assets Al each reporting end dale. Ihe ¢h4rity reviews the ¢8rrying amounts of rts tangible 8$sets to delemintr whather thèrs 1$ any indication that those 8ssets havè an imp8imi¢nt loss. 11 any such indration exists, the recoverable amount of the asset is esb"mated In order to detem)ine the extent of the impaimient loss lif any). 1.8 Stoek8 Stocks are slated al the lower of cost and estimated selling price less costs to complele and sell, Cost comprises direct materials and. where applicable. direct labour wsts and Ih95e overheads that h8ve been incurred in bfinging the storths to their presenl loration and condition. Iteffls held ftii distribution 8t no or nominal consideration arè mèasured the lowei of replacement cost and cost. Net realisablè valu8 IS the 8$timat8d selling pri¢& le$$ all eslimaled costs of completion and wsls lo be incurred in marketing, selling and distribution. 1.9 Cash and cash 8qulval•nts Cash and cash equivalent5 include cash in hand. deposits held al c311 with banks. other 5hort-lerm liquid investments with original maturtties of thiee monlhs or less, and bank oveidiafts. Bank overdrafts are shown wrthin borro%ngS in oJrrent liabil.e$.
THE LEAGUE OF FRIENDS OF NORTHWICK PARK HOSPITAL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025 A¢coun¢ing policies (Continuedl Baslc flnanclal assets B8sic financial assets. whirh indude debtors and cash and bank balances. are initially measured at ti8nsaction price including tran5aCtiOn C05t5 and are sub5equenty rarried at amorb'5ed c05t Using the effective interest method unless the arrangement constilutes a finanong transaction. where the transaction Is measured at the present value ol the hjlure receipts discounted at a market rate of interest. Finanaal assets classified as receivable within one yeaf are not amortised. Basic finonci81 liobilities Basic financial liabilities. including creilrtors are lnrtia1 recognised at transaction price unless the arrangement constilules a finanang Iransaclion. where the debl instrument is measured al the present value of the future payments discounted at a markel rate of interesl. Financial liabilities classrfied as payable within one ye8r are not amortised. Dbl Inslwm&nls are $ub$equ¥ntty ¢orried al amorti$¥d cosl. using the $ffectiv& inl¢f¥$t ral¢ m¥thod. Trade creditors a obligations lo pay lor goodg or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classffied as current liabilities il payment is due wrthin one year or less. If not. they are presented as non<urrent liabilitses. Trade creditors are recogni5ed initially at trans8CtK)n price and subsequentty rnea8ured at a[rtISed cost using the effec¢we interest rnethod. D•re¢ognition of fin4nclal IlJbiliti•$ Financial liabilities are derecognised vthen the charity's contractual obligations expire or are discharged or cancelled. Crltl¢•l a¢¢ountlng tIM¥t¥# and ludg•mtrnt• In the application of the charity's accounting polides. the Trustees are requlred to make judgements, estimates and assumptions about the carrying amount ol assets and liabilth.es that are not readily apparent from other sources. The estimates and associated assumptions a based on historical experience and other factors that are considered lo be relevanl. Aclual resums May differ Irom Ihese eslirnates. The $tim81*$ and undertying 8$$umplion$ are reviewed on an ongomig basis. Revi$ion$ 10 8¢VnI1ng estimatès are recognisÈd in the period in whith thè estimate is fevised where the vIsiOn affects lY that pariod, or In thè p•riod of th• rèvision and future p•nods where tha fèvision affects both curr8nt and futurè periods. Income from donallons and legacles Unre¥tricted funds 2025 Unrestrlcted funds 2024 Donation5 and gfft5 562 5.578 A substantial contribution to aclivities ol the charity is supplied in the forni of voluntary services and donated faciltie5.The finanrial benefit of the intangible income has nol been recogni5ed in these accounts a5 by their nature it would be impractical to qU8nttfy in rnonetsry terrns.
THE LEAGUE OF FRIENDS OF NORTHWICK PARK HOSPITAL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025 Income from othertrading activities Unrejtricted Unrejtricted funds funds 2025 2024 Shop income 64.513 58,190 Income from Inve8tment• UntrIcted Unrgjtrlcted funds funds 2025 2024 Interest receivable 3.457 2.392 Expendltur• on ral8lng lund8 Unrnjtdcted UnTrJtrlcted funds funds 2025 2024 Other Ir8dlng actfvttles 18,467 38,118 ExpendlluT¢ on charllable •¢tlvlU¢# Unr•8trict•d Unrn8trlct•d 2025 2024 Depreciation and irnpainnenl 70 70 Share of $upport ond 9ov¢man¢g ¢Mts1¥g• note 8) Support Governance 1,876 4,385 1.942 2,626 6,331 4,638 Analysls by fvnd Unrestncted funds 6,331 4,638 10-
THE LEAGUE OF FRIENDS OF NORTHWICK PARK HOSPITAL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025 Support costs allocated to activities 2025 2024 Insurance Slalionery Aceountancyllndependent examinalitin 725 35 1,907 2,626 4,385 6.261 4,568 Trustè The trustees, were not provided wth any muneratIon or benefft in kind during the year. The trustees were 1mbur9ed postage. stationery and small repairs cnsts of £nil12024 '. £nill. 10 Employee¥ No employees receNed a salary during lh¢ ¢urrenl or pfe¢¢ding yar. 11 Taxatlon The chanty is exempt from tsxation on ils activities because all its inrLme is applied for charitsble purposes. 12 Tanglblo Ilxed as$el# Plifit •nd mchlnery Flxtur•J, Ilttlngs & equlpment Tot1 Cost At 29 Ftrbwary 2024 699 71,645 72,344 At 28 February 2025 699 71,645 72,344 O•pmelatlon and Impalrni•nt At 29 February 2024 Depreaation charged in the year 70 70 71.645 71.715 70 At 28 February 2025 140 71.645 71,785 Carrylng amount At 28 February 2025 559 559 At 28 February 2024 629 629 13 Stocks 2025 2024 Raw malerials and consumables 6.240 5.682 11
THE LEAGUE OF FRIENDS OF NORTHWICK PARK HOSPITAL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025 14 Creditors.. amounts falling due within one year 2025 2024 Accru815 and deferred income 2.835 5,050 15 Unre8trl¢ted fund8 The unr8stricted funds ol the tharity u)mprise the unexpended balanrEs of donations and grants which are not subject lo specific conditions by donors and 9rantors as to how they may be used. These include designated funds which have been set aside out ol unrestricted funds by ihe trustees for specific purposes. At29 February 2024 Incomlng re8ourceo Re8ource8 At28 expended February 2025 General fijnds 357.329 68.532 124.7981 401,063 Prnvlou8 yèar: At28 F•bruary 2023 Ineomlng re8ource8 Resources At28 expended Fobruary 2024 General funds 333.925 66.160 142.7561 357,329 16 R•lated paity trnn8aetlon8 There were no disdosable related party transactions during the year12024- none). 12-