2021-12-31-accounts - League Of Friends Of The South Hams Hospital

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Registered Charity number 265721

League of Friends of the South Hams Hospital

Report and Unaudited Accounts

31 December 2021

League of Friends of the South Hams Hospital Report and accounts for the year to 31 December 2021 Contents

	Page
Trustees' report	1-2
Independent Examiners' report	3
Statement of Financial Activities	4-5
Balance sheet	6
Notes to the accounts	7-8

League of Friends of the South Hams Hospital

Annual report for the year to 31 December 2021

The Trustees present their report and the financial statements of the charity for the year ended 31 December 2021. The financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the charity's trust deed, the Charities Act 2011 and accounting and reporting by Charities:- Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK published on 16 July 2014.

The Charity's principal banker is Lloyds Kingsbridge with Quilter Cheviot handling investments.

The Charity's principal address is that of its Treasurer at Lower Brownston Farm, Brownston, Ivybridge, PL21 0SQ

Structure governance and management

The League of Friends of the South Hams Hospital is a registered charity, No 265721 and is constituted by Deed of Trust.

The Committee of Trustees should be not less than 5 or more than 12 other persons. A Trustee will serve for a period of three years but is eligible for re-election. A Trustee is appointed by the Committee and ratified at the Annual General Meeting. The Committee appoints its Chairman from amongst its members and appoints the Secretary and Treasurer who may, but need not, be a member of the Committee.

The Committee meet at regular intervals, currently at least 6 times a year. Minutes are approved and Agendas circulated ahead of each meeting. The Trustees are reminded annually of the terms of the Trust for which they are responsible. New Trustees are given a verbal induction explaining their responsibilities, a copy of the Constitution and "The Essential Trustee - What we need to know" booklet. New Trustees are introduced by recommendation.

The Committee assesses risk as appropriate and ensures that it always has adequate insurance covering public liability, the activities of the Trustees, and volunteers. It mitigates investment risk by employing professional asset managers.

Trustees and Committee members

The Charity's trustees and committee members during the year were:

Position Date of original Date of held appointment retirement (but eligible for re-election) Mr M Court President Mr T Andrew Vice President

Trustees

Mr C Pincombe Chairman (retired) June 2013 June 2021 Dr C Harling CBE Chairman July 2020 June 2023 Mrs J Lapthorn Secretary October 2011 September 2023 Mr R Gingell Treasurer July 2012 June 2024 Mrs D Jefferson Committee member September 2009 May 2023 Mr A Clarke Committee member January 2014 December 2022 Mr M Waite Committee member January 2015 June 2021 Mrs J M Hales Committee member November 2018 October 2024 Mrs K Wolstenholme Committee member October 2020 May 2021 Dr P M Hughes Committee member March 2021 February 2024 Mrs L A Paschalides Committee member November 2021 October 2024

League of Friends of the South Hams Hospital

Annual report for the year to 31 December 2021

Objectives and powers

The object of the League is to support patients at the hospital and other invalids in the community who are sick, convalescent, disabled, handicapped, or infirm. To support the charitable work of the hospital and to support related organisations in the NHS in discharging their responsibilities. The League achieves this object by raising funds, which are then used to supplement the services provided by the hospital or other similar services provided within the South Hams, which will bring benefit to all within the community. Regular discussions are held with the management and staff of the Hospital as to how the League can best achieve its aims and to ascertain both current and longterm projects in which it might assist.

Achievements and performance

The League have continued to provide equipment for the hospital and this year purchased a Bariatric portering chair.

Financial review

The charity was again fortunate to receive bequests as reported in the accounts note 2. Quilter Cheviot remain in charge of the League's investments, they are in regular contact with the LOF Treasurer. As discretionary fund managers with a history dealing with charities, they provide a bespoke investment management service combining a range of asset classes and ethical considerations in order to meet the investment objectives set by the trustees and within the stated lower to medium risk tolerance. Through Quilter Cheviot the League has an account with Flagstone Investment Management Limited, who provide a platform to place cash deposits at competitive market rates whilst providing the protection of the FSCS guarantee up to £85,000 for individual deposit accounts. Although a number of the League's fund raising activities were curtailed by the Covid pandemic during the year, it has not materially affected the charity's financial strength.

Plans for the future

Other projects are under consideration as we always hope to be in a position to help. This aim can only be achieved by the continued loyal support of the local community.

F inally

We once again thank those people who give their time to help either at our fund raising events or at the hospital, and to all the hardworking Committee members for their commitment to the League.

The Charity is a member of the Devon County Association of the Leagues of Hospital Friends.

We show annually the amount spent by the League from its inception in 1974 to date, and as at 31 December 2021 that is £2,379,290.

………………………………………..

Dr C Harling CBE Chairman

Dated………………………..

League of Friends of the South Hams Hospital Accountants' Report for the year to 31 December 2021

Independent examiners report on the unaudited accounts to the trustees of League of Friends of the South Hams Hospital

We report on the accounts of the trust for the year ended 31 December 2021 which are set out on the following pages.

Respective responsibilities of trustees and examiner

As the charity's trustees you are responsible for the preparation of the accounts; you consider that the audit requirement of section 144(2) of the Charities Act 2011 (the2011 Act) does not apply and that an independent examination is required.

It is our responsibility to:

-examine the accounts under section 145 of the 2011 Act;

-to follow the procedures laid down in the general Directions given by the Charity Commission
under section 145(5)(b) of the 2011 Act; and
to state whether particular matters have come to our attention.

Basis of independent examiner's report

Our examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the next statement.

Independent examiner's statement

We have completed our examination. We confirm that no material matters have come to our attention in connection with the examination giving us cause to believe that in any material respect:

accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
the accounts do not accord with those records; or
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination.

We have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Morgan Accountants Ltd Duke Court Bridge Street Kingsbridge Devon TQ7 1HX

Dated…………………

League of Friends of the South Hams Hospital Statement of financial activities for the year ended 31 December 2021

Note Unrestricted Funds General Fund £ Income from: Donations and legacies Donations from individuals 1,008 Donations "In memory of" - Donations from local organisations 4,667 Collection box 174 Bequests 2 310,000 315,849 Other trading activities Calendars 117 Collections, cards and donations 223 Wayleave - Openreach - 340 Investment income Dividends received 14,074 Interest receivable - gross 1,640 Interest accrued 1,221 16,935 Total income 333,124 Expenditure on: Stock and card purchases 390 Licences 20 Fund managers fees 4,973 5,383 Charitable activities Direct purchases for hospital 1,921 Triangle Centre - Provision of newspapers for patients - Provision of fruit baskets for hospital staff 1,200 Car park resurfacing and repairs - Kingsbridge area food bank - South Hams masks - 3,121 Governance costs Postage and stationery - Miscellaneous 183 Affiliation fees 20 AGM costs 63 Insurance 761 Independent examiners fees 1,470 2,497 Total expenditure 11,001 Net income/expenditure 322,123 Net income/expenditure 322,123 Transfers between funds - Net income before revaluations and investment asset disposal 322,123	Total 2021 £ 1,008 - 4,667 174 310,000 315,849 117 223 - 340 14,074 1,640 1,221 16,935 333,124 390 20 4,973 5,383 1,921 - - 1,200 - - - 3,121 - 183 20 63 761 1,470 2,497 11,001 322,123 322,123 - 322,123	Total 2020 £ 1,231 1,358 662 30 6,500 9,781 162 231 861 1,254 15,018 2,122 1,356 18,496 29,531 211 20 3,742 3,973 2,460 500 284 - 3,186 1,000 100 7,530 - 232 20 61 385 1,380 2,078 13,581 15,950 15,950 - 15,950

League of Friends of the South Hams Hospital Statement of financial activities for the year ended 31 December 2021

Note Unrestricted Funds brought forward 322,123 Realised gains/(losses) on disposals of investment assets 20,973 Unrealised gain on listed investments 33,503 Net movement in funds 376,599 Reconciliation of funds: Total funds brought forward 1,064,094 Total funds carried forward 1,440,693	Total 2021 322,123 20,973 33,503 376,599 1,064,094 1,440,693	Total 2020 15,950 1,138 (4,717) 12,371 1,051,723 1,064,094

League of Friends of the South Hams Hospital Balance Sheet as at 31 December 2021

Notes Current assets Sundry debtors and prepayments 3 Investments held as current assets 5 Cash at bank and in hand 4 Creditors: amounts falling due within one year 6 Net current assets Net assets Charity Funds 7 Restricted Designated Unrestricted funds Total Funds …………………………………………. Mr R Gingell Treasurer Approved on …………………….	Unrestricted Funds General Fund £ 255 1,090,444 351,224 1,441,923 (1,230) 1,440,693 1,440,693 - - 1,440,693 1,440,693	Total 2021 £ 255 1,090,444 351,224 1,441,923 (1,230) 1,440,693 1,440,693 - - 1,440,693 1,440,693	Total 2020 £ 467 726,448 338,593 1,065,508 (1,414) 1,064,094 1,064,094 - - 1,064,094 1,064,094

League of Friends of the South Hams Hospital Notes to the Accounts for the year ended 31 December 2021

1 Accounting policies

Accounting convention

The charity constitutes a public benefit entity as defined by FRS 102. 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 to these accounts. 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 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Income

Donations, legacies, investment income and fundraising income are all included in the Statement of Financial Activities (SOFA) in the year in which they are receivable.

Expenditure

All expenditure is included on an accrual basis. All costs have been attributed to one of the categories of resources expended in the SOFA.

Fund accounting

Details and the nature and purpose of each fund is set out in notes to the accounts.

2 Bequests

A bequest of £250,000 was received from the late Mrs Hazel Jean Astbury and a bequest of £60,000 was received from the late Mr Sidney William Andrews.

3 Debtors Sundry debtors and prepayments 4 Cash at bank and in hand Lloyds current account Flagstone deposit accounts Cash in hand 5 Investments held as current assets Listed investments at market value Unlisted investments	2021 £ 255 2021 £ 42,758 308,465 1 351,224 2021 £ 1,044,264 46,180 1,090,444	2020 £ 467 2020 £ 32,569 306,023 1 338,593 2020 £ 682,944 43,504 726,448

League of Friends of the South Hams Hospital Notes to the Accounts

for the year ended 31 December 2021

6 Creditors: amounts falling due within one year Creditors Cookery book fund	2021 £ 1,230 - 1,230	2020 £ 1,140 274 1,414

7 Funds

All funds are unrestrictedAll funds are unrestricted funds which comprise those funds which the Trustees are free to use in accordancefunds which the trustees are free to use in accordance with the charitable objects. with the charitable objects.

8 Related parties

The Trustees received no remuneration or expenses during the year other than reimbursements for costs incurred on behalfincurred on behalf of the Charity.of the Charity.

9 Controlling party

The charity is controlled by the Trustees shown on the Trustees report.on the Trustees report.

10 Reserve policy

The Charity does not operate in a way that a reserve policy is required, but would normally look to retain at least £10,000 in reserve and to spend each year such funds as are received from its normal annual fundraising activities and general donations. Where however large donations or bequests are received these are generally retained within the Charity awaiting a large project within the hospital, which from experience will arise from time to time, and where such funds can sensibly be used or utilised in support of projects (within our constitution) which could not otherwise proceed.