Registered Charity number 265721
League of Friends of the South Hams Hospital
Report and Unaudited Accounts
31 December 2023
## **League of Friends of the South Hams Hospital Report and accounts for the year to 31 December 2023 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 2023**
The Trustees present their report and the financial statements of the charity for the year ended 31 December 2023. 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 Bank, with Quilter Cheviot handling investments and Flagstone cash deposits.
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 T Andrew President
## **Trustees**
Dr P M Hughes Chairman March 2021 February 2024 Mrs J Lapthorn Secretary October 2011 September 2026 Mr R Gingell Treasurer September 2012 August 2024 Mrs D Jefferson Committee member June 2020 May 2026 Mrs J M Hales Committee member November 2018 June 2023 Mrs L A Paschalides Committee member November 2021 October 2024 Mr M Court Committee member June 2022 May 2025 Mrs D Ward Committee member January 2023 December 2025 Mrs R Murray Committee member March 2023 February 2026
1
## **League of Friends of the South Hams Hospital**
## **Annual report for the year to 31 December 2023**
## **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 has continued to provide equipment for the hospital.
## **Financial review**
The charity was once again fortunate to receive bequests as reported in the accounts note 2. Quilter Cheviot Limited (QC) remains responsible for the League's investments and maintains 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 to meet the objectives set by the trustees. Currently these are set at a lower to medium risk tolerance and recognize the importance of integrating environmental, social and governance factors when making investment decisions. Through QC the League hold an account with Flagstone Investment Management Limited who provide a platform to place deposits at competitive market rates whilst providing the protection of the FSCS guarantee up to £85,000 for individual bank deposits.
## **Plans for the future**
The League continues to enjoy a good relationship with the Hospital management holding regular meetings to discuss how the League can assist with various projects under consideration. This 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 on charitable activities from its inception in 1974 to date, and as at 31 December 2023 that is £2,424,811.
………………………………………..
Dr P M Hughes Chairman
Dated………………………..
2
**League of Friends of the South Hams Hospital Accountants' Report for the year to 31 December 2023**
## **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 2023 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 (the 2011 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 2023**
|**Note**
**Unrestricted**
**Funds**
**General Fund**
**£**
**Income from:**
**Donations and legacies**
Donations from individuals
690
Donations "In memory of"
1,293
Donations from local organisations
1,004
Bequests
2
197,757
200,744
**Other trading activities**
Kingsbridge show
637
Calendars
-
Collections, cards and donations
363
1,000
**Investment income**
Dividends received
23,963
Interest receivable - gross
7,912
Interest accrued
13,503
45,378
**Total income**
247,122
**Expenditure on:**
Kingsbridge show costs
410
Stock and card purchases
390
Licences
20
Fund managers fees
6,582
7,402
**Charitable activities**
Direct purchases for hospital
1,130
Outdoor furniture
2,194
Provision of newspapers for patients
740
Provision of fruit baskets for hospital staff
1,113
Physio tools, equipment and tape
3,000
Fans for hospital
-
Refubishment of day room
-
Refurbishment of staff shower room
-
Refurbishment of health education room
-
Recife awning
-
Kingsbridge area food bank
1,000
Garden design and equipment
596
9,773
**Governance costs**
Miscellaneous
-
Website costs
336
Affiliation fees
20
AGM costs
126
Insurance
439
Independent examiners fees
1,698
2,619
**Total expenditure**
19,794
**Net income/expenditure**
227,328|
**Total 2023**
**£**
**690**
**1,293**
**1,004**
**197,757**
**200,744**
**637**
**-**
**363**
**1,000**
**23,963**
**7,912**
**13,503**
45,378
**247,122**
**410**
**390**
**20**
**6,582**
**7,402**
**1,130**
**2,194**
**740**
**1,113**
**3,000**
**-**
**-**
**-**
**-**
**-**
**1,000**
**596**
**9,773**
**-**
**336**
**20**
**126**
**439**
**1,698**
**2,619**
**19,794**
**227,328**|**Total 2022**
**£**
**801**
**502**
**791**
**99,223**
**101,379**
**518**
**355**
**219**
**1,092**
**19,766**
**2,091**
**3,436**
**25,293**
**127,764**
**105**
**192**
**20**
**6,658**
**6,975**
**1,134**
**-**
**-**
**1,300**
**1,048**
**1,035**
**3,929**
**12,860**
**9,938**
**4,100**
**1,000**
**-**
**36,344**
**91**
**1,080**
**20**
**46**
**748**
**1,530**
**3,515**
**46,834**
**80,930**|
|---|---|---|
4
## **League of Friends of the South Hams Hospital Statement of financial activities for the year ended 31 December 2023**
|**Note**
**Unrestricted**
**Funds**
**Net income/expenditure brought forward**
227,328
**Transfers between funds**
-
**Net income before revaluations**
**and investment asset disposal**
227,328
**Realised gains/(losses) on disposals of**
**investment assets**
4,256
**Unrealised gains on listed investments**
23,395
**Net movement in funds**
254,979
**Total funds brought forward**
1,397,962
**Total funds carried forward**
1,652,941|
**Total 2023**
**227,328**
**-**
**227,328**
**4,256**
**23,395**
**254,979**
**1,397,962**
**1,652,941**|**Total 2022**
**80,930**
**-**
**80,930**
**(8,910)**
**(114,751)**
**(42,731)**
**1,440,693**
**1,397,962**|
|---|---|---|
5
## **League of Friends of the South Hams Hospital Balance Sheet as at 31 December 2023**
|**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**
**£**
412
1,028,350
625,469
1,654,231
(1,290)
1,652,941
1,652,941
-
-
1,652,941
1,652,941|**Total**
**2023**
**£**
**412**
**1,028,350**
**625,469**
**1,654,231**
**(1,290)**
**1,652,941**
**1,652,941**
**-**
**-**
**1,652,941**
**1,652,941**|**Total**
**2022**
**£**
**272**
**980,798**
**418,182**
**1,399,252**
**(1,290)**
**1,397,962**
**1,397,962**
**-**
**-**
**1,397,962**
**1,397,962**|
|---|---|---|---|
6
**League of Friends of the South Hams Hospital Notes to the Accounts for the year ended 31 December 2023**
## **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 further bequest of £1,391 was received from the late Mrs Hazel Jean Astbury, a bequest of £194,366 was received from the late Mrs Barbara Joan Barber and bequests of £1,000 each were received from the late Mrs Josephine Gladys Hanwell and the late Mrs Doreen Hall.
|**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
Net book cost of listed investments|**2023**
**£**
412
**2023**
**£**
43,488
581,980
1
625,469
**2023**
**£**
969,323
59,027
1,028,350
931,685|**2022**
**£**
272
**2022**
**£**
105,096
313,085
1
418,182
**2022**
**£**
915,692
65,106
980,798
901,449|
|---|---|---|
7
## **League of Friends of the South Hams Hospital Notes to the Accounts for the year ended 31 December 2023**
|**6**
**Creditors: amounts falling due within one year**
Creditors|**2023**
**£**
1,290|**2022**
**£**
1,290|
|---|---|---|
## **7 Funds**
All funds are unrestricted funds which comprise those funds which the Trustees are free to use in accordance with the charitable objectives.
## **8 Related parties**
The Trustees received no remuneration or expenses during the year other than reimbursements for costs incurred on behalf of the Charity.
## **9 Controlling party**
The charity is controlled by the Trustees shown 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