Registered Charity number 265721 League of Friends of the South Hams Hospital Report and Unaudited Accounts 31 December 2025 League of Friends of the South Hams Hospital Report and accounts for the year to 31 December 2025 Contents Pago Trusle&s' report Independent Examiners, report Slalemenl of Financisl Activities Balance sheet Notes lo the accounts League of Friends of the South Hams Hospital Annual report for the year to 31 December 2025 The Trustees present their report and the financial slalements of the charily lor the year ended 31 December 2025. The financial statements have been prepared in accordance with the accounting polici&s sel out in th8 notes lo the accounls and comply with the charity's tru51 deed, the Charities Act 2011 and accounting and reporting by Charities'._ Slalfymenl of Recommended Practice applicabl8 10 charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK published on 16 July 2014. The Charitls principal banker is Lloyds Bank, with Quilter Cheviot handling 1nvostmenls and Flagstone cash dèposits. The Charity's principal address is that of its Treasurer al Lower Brownston Fam, Brownston, Ivybridg&. PL21 OSQ structure governance and managemant The League of Friends of the South Hams Hospital is a r8gist8red 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 Trusteo will serve for a period of three years bul is eligible lor 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 Traasurgr who may, bul need nol. be a member of the Committee. The Committee meet at regular irnlervals, currently at least 6 times a year. Minulgs are approved and Agenda5 circulated ahead of each meeting. The TrLJStees are reminded annually ol the terms of the Trust for which they are responsible. New TrLJslees are given a verbal induciion explaining their responsibilities, a copy of the Constitution and 'The Essential Truslee What we nfjed lo know. booklet. New Trustees a￿ introduced by recommendation. The Committaa assèssès risk as appropriate and ensures that it always has adequate insurance covering public liability. the activities of the Trustees, and volunleefs. 11 miligales investment risk by employing professional asset managers. Trustees and Committee members The Charity's trustees and committee members during the year were: Position held Dale of original ppoinlmenl Dale ol retirement Ibul eligible for r&eleclionl Trustees Dr P M Hughes Chaiman March 2021 February 2027 Mrs J Laplhorn Secretary October 2011 September 2026 Mr R Gingell Treasurer Seplswber 2012 August 2027 Mrs L A Paschalides CommittÈts Thember November 2021 October 2027 Mr M Court Committee member June 2022 May2028 Mrs D Ward Committee member January 2023 December 2028 Mrs R Murray Committee member March 2023 February 2026 Mr L Green Committeè rllember June 2025 May 2028 League of Friends of the South Hams Hospital Annual report for the year to 31 December 2025 Objectives and powers The object ol the League is Its support patients at the hospital and other invalids In the community who arè sick, convalescent, disabled, handicapped, or infirm. To support the charitable work of the hospital gnd to support related organisalions in the NHS in disoharging their responsibilities. The League achieves this obj8et by raising funds, which are then used lo supplement the servic85 provided by the hospital or othèr similar SeNi￿S provided within the South Hams, which will bring benefit lo all within Ihe community. Regular discussions are held with the management and siaff of the Hospital as to how the League can best achieve its aims and lo aseertain both current and long- tèmi projects in whi¢h il mighl assist. Achievement$ and pèrformance During the year the League has continued to provide equipment and fund improvements to the hospital grounds. Financial review The charity was once again fortunate lo receiv8 bèquèsts as reported in tho accounts note 2. Quilter Cheviot Limited IQCI remains rosponsible for the League's invèstments and maintains regular contact with the LOF Treasurer. As di￿re(lonary fund managers with a history dealing with chaiities. they provide a bespoke investmenl management service combining a rangè ol asset dasses lo meet the objectives s81 by Ihfy tiustees. Currently these are set at a lower lo tnèdium risk tolerance and r￿OgniZe ihe ifflportance ol integrabng environmentsl, social and goverriance factors when making inveslmttnt decisions. Through QC thè League hold an a¢count with Flagston8 Inv@stment Managefflent Limiled who provide a plattom) to place deposits al ¢ompetibve market rates whilst providing the protgclion of the FSCS guarantee up to £120,000 for individual bank deposits. Plans for the future The League continues to enjoy a good relationship with the Hospital management holding regular meétings to discuss how the League can assist with variotjs projecls und8r ￿nSideration. This can only bé achieved by the continuèd loyal support ol the local ¢ommLJnity. Finally We once again thank those people who give thair time lo help either al our ftjnd raising events or al the hospital and lo all the hardworking Committee mèmbars lor their commilrllent lo the League. The Charity is a member of the Dsvon County Asswialion of the Leagues of Hospital Friends. We show annsjally the amount spent by the League on charitable activities from ils inception in 1974 to dale and as al 31 December 2025 that is £2,589,268. Dr P M Hughgs Chairman Oated...................... League of Friends of the South Hams Hospital Accountants. Report for the year to 31 December 2025 Independent examiners report on the una¥Jdited accounts to the Irustees of League of Friends of the South Hams Hospital We report on the accounts of the trust for the year ended 31 December 2025 which are sel out on the following pages. Rgspective responsibilities of trustees and examiner As the Charity's Iruslees you are responsible for the preparation of the ac¢ounls,' you consider that the audit requirement of section 144121 of the Charities Act 2011 Ilhe 2011 Acll does not apply and that an independent examination is required. 11 is our responsibility lo.. -examine the accounts under section 145 of the 2011 Act., -lo follow the procedures 18id down in the general Directions given by the Charity Commission under section 14515llbl of the 2011 Act., and lo stale whether particular mallers have come to our attention. Basis of indepondent 9xaminerfs report Our exarninalion was carried out in accordance wlh 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. 11 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 lo whether the accounts present a 'Irue and fair view and the report is limited lo those mallers set out in the next slalemenl. Independent examinerfs statement We have completed our examination. We confirm that no material matters have come lo our attention in connection with the examination giving us cause lo believe that in any material respe¢l'. 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 nol comply with the applicable requirements concerning the form and conlenl of accounts sel out in the Charities IA¢counls and Reports} Regulations 2008 other than any requirement that the accounts give a 'lrue and fair view which is not a maller considered as parl of an independent examination. We have no concerns and have come across no other mallers in connection with the examination lo which allenlion should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached. Morgan Accounlanls Ltd Duke Court Bridge Street Kingsbridge Devon TQ71HX Daled............ League of Friends of the South Hams Hospital Statement of financial activities forthe year ended 31 December 2025 Unrestrfct8d Funds Not8 Total 2025 Total 2024 General FLtnd Income from.. Donations and18gacles Donations frorn individuals Donations 'ln memory of, Donations from local organisations 1,000 3,275 524 4,799 1,000 3,275 524 4.799 233 1,987 450 2,670 Other tradlng actlvlt185 Kingsbridge show Collections, Cards and donations Car parking Repatriation of Triangle Funds 508 1,225 508 1,225 360 1,004 26.400 26,400 28,133 1,404 Investment incom• Dividends reoeived Interest ￿CeIVable gross Inler85t accrued 31,812 12,982 8,617 53,411 31,812 12,982 8,617 53,411 29,948 18,668 15.164 83,780 Total Income 86,343 86,343 67.854 Expenditure on.. Kingsbridg8 show costs Stock and card putchases Lio8nces Fund managers fees 316 1,076 20 6,598 316 1,076 20 6,598 8,010 648 20 6,853 7,805 Charltable activitie$ Direct purchases for hospital Outdoor fumiture Provision of newspapers for patienls Provision of fruit baskets for hospital staff Physio tools and equipment Clinical chair and wash basin Dishwasher Hospital signs Refurbishrnent of re￿ptIOn Utility mapping Kingsbridge area food bank Garden design and landscaping Extemal terrace Gardening tools Tvs 1.625 40 1.440 1,248 1,625 640 1,440 1,248 965 2,549 1,161 1,262 633 16,460 5,903 16,460 5,903 2,250 32.367 1,637 1,000 38.273 1,000 27,264 24,730 489 1,000 27,264 24,730 489 965 80,799 80,799 Governanc• costs Software Website costs Affi1ialion fees AGM costs 1nsurance Independent examiner5 fees Bank charges 120 336 20 66 607 1,708 396 20 57 620 1.794 38 2,925 396 20 57 620 1,794 38 2,925 2,857 Total expenditure 91,734 93,724 Net incomelexpenditure 5,391 5,391 25,870 League of Friends of the South Hams Hospital Statement of financial activities for the year ended 31 December 2025 Vnrestricted Funds Note Total 2025 Total 2024 Net incomelexpendilure brought forward 15.3911 15,3911 125,8701 Transfers b8tween funds Net income befor8 r8valuations and investment asset disposal 15.3911 15,3911 125,8701 Rèalised gainsll105s•sI on disposals of investment assets 19,542 19,542 32,759 Unrealisgd gains on listed investments 60,038 60,038 18,5761 Nat movèmènt in funds 74,189 74,189 11,6871 Total funds brought forward 1,651,254 1,651,254 1,652.941 Total funds carrled forward 1.725,443 1,725,443 1,651,254 League of Friends of the South Hams Hospital Balance Sheet as at 31 December 2025 Unrestrlcted Funds Total 2025 Total 2024 Notes General Fund Current assets Sundry debtors and prepayments 341 482 Investments held as current assets Cash at bank and in hand 1,186,128 540,274 1,726,743 1.186,128 540,274 1.726,743 1,079,357 572,715 1,652.554 Creditors.. amounts falling due within one year 11,3001 11,3001 11.3001 Net current assets 1,725,443 1,725,443 1,651,254 Net assets 1,725,443 1,725,443 1,651,254 Charity Funds Restricted Designated Unrestricted funds 1,725,443 1,725.443 1.651.254 Total Funds 1,725,443 1.725,443 1.651,254 Mr R Gingell Treasurer Approved on ... League of Friends of the South Hams Hospital Notes to the Accounts for the year ended 31 December 2025 1 Accounting policies Accounting convention The charity conslilules a public benefit entity as defined by FRS 102. The financial statements have been prepared under the historical cost convention with items recognised al cost or Iransaclion value unless otherwise slated in the relevant notes lo these accounts. The financial stslements have been prepared in accordance with the Slalemenl of Recomrnended Pra¢li¢e'. Accounling and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} issued on 16 July 2014 and the Financial Reporting Standard applicable in the Uniled Kingdom and Republic of Ireland IFRS 1021 and the Charities Act 2011. Incomg Donations, legacies, investment income and fundraising income are all included in the Statement of Financial Activities ISOFAI in the year in which they are receivable. Expenditure All expenditure is included on an accrual basis. All costs have been allribuled lo 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 lo the accounts. 2 Debtors 2025 2024 Sundry deblors and prepayments 341 482 3 Cash at bank and in hand 2025 2024 Lloyds current account Flagstone deposit accounts Cash in hand 3,568 536,705 10,631 562,083 540.274 572,715 4 Investments held as current assets 2025 2024 Listed investments al market value Unlisted investments 1,121,552 64,576 1.186,128 1,018,318 61,039 1,079.357 Net book cost of listed investments 1,032,452 989,256 S Credltors: amounts falling due within one year 2025 2024 Creditors 1,300 1,300 League of Friends of the South Harns Hospital Notes to the Accounts for the year ended 31 December 2025 6 Funds All funds are unrestricted funds which comprise those funds which the Trustees are free to use in accordance with the charitable objectives. 7 Related parti0$ The Trustees received no remuneration or expenses during the year other than reimbursernents for costs incurred on behalf of the Charity. Controlling party The charity is controlled by the Trustees shown on the Trustees report. 9 Reserve policy The Charity does not operate in a way that a reserve policy is required, bul would normally look lo retain at least £10,000 in reserve and lo 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 lo lime, and where such funds can sensibly be used or utilised in support of projects (within our conslilulionl which could not otherwise proceed.