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
1
## **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………………………..
2
**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:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. 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…………………
3
## **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**|
|---|---|---|
4
## **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**|
|---|---|---|
5
## **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**|
|---|---|---|---|
6
**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|
|---|---|---|
7
## **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.
8