Charity Registratlon No. 273058 THE LEAGUE OF FRIENDS OF SWANAGE HOSPITAL ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
THE LEAGUE OF FRIENDS OF SWANAGE HOSPITAL LEGAL AND ADMINISTRATNE INFORMATION Trustsots MrTBk Mrs P C(K)per Mrs D A Fultr(K M Jenkns Dr T J MoThis Mrs G P Mrs D N Sèwn MrCAWSnNth MrPRSmith Miss LK Mr P F Slithng Mrs S A Treath4veH S bfyhiiton (Appointsj 15August 2024) (Appoint&l 15Augusl 2024) {Appoirrted 15Augusl 2024) Charfty number Audltor Lane 31f33 COJYwnert?81 RoJ Poc4e BH14 0
THE LEAGUE OF FRIENDS OF SWANAGE HOSPITAL CONTENTS Ttee$, report Indndent aL*Jitorfs report Statèment of finandal a(al Statement of financ4al pt)n Stslement of fknws Notes to the financial statements 10-18
THE LEAGUE OF FRIENDS OF SWANAGE HOSPITAL TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 The 1wslees of Tha League of Fiiends of sWe HOSpal {the Friends) pr8s8nt th8ir reixyt and financlal 3talennts for the year ended 31 March 2024. Th& finanual statements have been prepared Sn accordance Twilh Ihe accL)unting policxes set out in note 1 to the fin8nLYal sl8l&ments ttJmtAy wth chaiitly nStitUtIC. the Charities Ad 2011 and "Aixountlng and Rèporting by Charities." Stalèmant Df RÈo)mrnended PraCte applicable lo charities pparIng their acLounls in acwrdan(% with the Finan Repowb"r¥J Standard appllcabl& in the UK and Republi¢ of IreL91 IFRS 102) (effecli¥e 1 January 2019}" obtIVES and actlvltle8 The Friends objectives and prinapal adiwty is lo support anage Hospltsl 11$ 8taff by rdisng funds and making grants to support actmhes at the Ho¥Mtd. At each meeting of the management committee the MalTon or olher surtatl8 senk)r m8mb8r of staff will provido a li81 of needs from the Va5 depathent5 in the hospital which woukl roquw8 fin8nual sup1 from the Friends. The committee discusses eath proposal arKI either ajrees to fundiro or will th 8 re83on why IhBy bele funditvJ wjId not be appropriate. We belwe this comtAfes wllh our duty In Se¢lion 4 of the 2fM]6 Ad lo have due regard to guldani on public ben8frt. The main objective of thi5 year was to fLmd major rethriyshment of Stsnley Pursei Ward expected to the region of £250,0. This work was started duriro the financial yeat attrugh fin81 p8ytnent wil not be made until 2024r25 and te reported on nexl year. funds we in pkn to aLEve the obpcbve. A¢hlevoments and porf0mn¢0 Thg Friwds were aiAg to wovide ¢)vof £72,5 of eqillwt SUFWt for the ho$1 and immit over £200,WO of 8xpendttwe for the next ffinarKial year. The work done on the stan Purser Ward has servlces as tel9n. radlo and w141 for inpa'enls and these coni'rvJe lo be free of charge. The support gn to the Iwttal beneffly inpatients and relatIS acmss the l of Purt)eck 8k)ng with our support for Swanagè Ho4y181 pthits ¢ekng ongoirvJ care from Lews Manning Hospice Care which enhanS end oflrfe car8. Flnan¢ial rovi•w The FrieNls have a notional hotthng of £SuI,C) of W lund5 availalAe al short nolc lo fund the stsrt of a major rebuilding proi8cL A major repurp05ing of parts of th8 hospTI al is Wed in Ihe nexf Iwo years subFd to the approval of Dorsel Hearthe UnIvety Foundalion Tru5L This involve ref)IShM and r&lesw and couhl be a consld9rnble expense. Investment perfolman reported in the Counts. belteve li is ow duty to spend publ1¢ money carefvmy and when we are unable to spend as much as we would lik& su14)Otting the spital then ndS should be inves¢ed lo lry to mainlain spend¥wJ power. Investment policy folbws three 3lrands. A sthtantial sun] is kept in the cuNgnt accx)unl so that current expendilure can be meL Some other ftJrKls are invested in ffixed inlaYBst bonds wly¢h are rw)t subject lo the volallty of finatKa81 markets. Thè remand8r is imi8Sted Ihrough R8dm8yne vi a'cautiou3" porifolio of mixed ffinarrial instwuments with the objedNe of grtswlh and Incomè. The mapr risk lo funding would be a stock mathel crnsh. Thi% 1$ Mitigat by Ihe mix of investments and the cautious apwoach and tho r0 is marwed on a disL¥etionary basis.
THE LEAGUE OF FRIENDS OF SWANAGE HOSPITAL TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 hlARCH 2024 The principal sources ol income we donations, fijnd raising ewits. bgarjes awKI wwestment inme. Stru¢tsJ¥e. governancé and managemgnt Tho Frionds is govemed by ils ¢))nstitulion. 1$ rgvithved at regular intervals. In the event of the Fii8nd8 bewig disbanded ils knnds would be transferrgd to a th swnlar airns and objectNes. The tws1 who seNed during the yearand up to the date of ¥gnatUTe of thg ffinan¢ial 5t&tewnents were.. mrTd[ Mrs P Coop8r Mrs D A Fulbrcwjk Dr M Jenknr DrT J Morris Mrs G P Nonis MrsDNSel mrCAWSM Mr P R Smllh Mi55 L K Spurfing Mr P F Stirfing Mrs S A Treadweri Mrs S Whitton (Appointod 15 August 2024) (ApInted 15 Augu#2Q4) (Apinted 15 ALUst 21Y24) The number oflmslee5 is 9ovemed by the c#Jnstiiulion arg kno 88 the management 0)mmitt. Membgrs ofthe management commitlee are deded at theAGM and sm a tem) of 3 yea. Shwld a mèmber of the management cwmittee rEsign or retire Ihey may repb(td by a Lwted member wl¥) stand for 818¢lkJn at the nextAGM. Thls year Makdm Emery relirpd arKlAnthv Snwth. Deborah Fullbrook and Susan Treathvell were decaed as Tru*a8s. Pal Cooper, Deird vYTh arnl Paul stIng retred by Tolation and wero rtrdected as Iw8tees. is (xjrrentty no pdicy In(di)n and trn1j oftn&%iees. Th8 principal and restered office ofthe thaiity is So B8nlBRse W, Swanage. OoTret. BH19 2SZ.
THE LEAGUE OF FRIENDS OF SWANAGE HOSPITAL TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Statement of trnstees. MsponbIliti The Iruslees are reSpOr[ble for prep81iThJ the Twstees. Reth and the fvwncial stalennIS in a(tordanco w1th applicaLle law aThJ Uniled lfjngdK)m Anti StaJKlards (untt KhvJdom Generaly ApIe ACUtIj Practice). The Ibw app[Irsb to tharflles in gland and W$ wui8s lh8 trustees to praparp fhandal ststamenls for oach ftnano81 yèar whlth gn a Iwe and tdbr ¥1 of the slate of affairs of th8 charfty and of the IncomSng r950Utres ar appkation of resouTGeS oflhe charlty for thatyear. In pteparing these finandal staten, the trustees are fequired lo.. . selad Suitab acLouthg pc4ldgs and ihen appty them (n., . (A)%88 thè malh(K18 and in the Chaiitw SORP: . m&kejudgements and estimatos that are r8asonat4& wudert . 51ale applublg apxJw)bng starKlaft18 have baen foknwj, 8ul4ect lo mater181 dep4rture8 discfosed and exptained In the finaal 5taternerts: aThJ . wepatè th8 finand81 stalemerts on the gokng cy)rKwn ba&s tfftfe88 li is inawoprfate to Pre5W that lh6 charity (lInUe In operalion. Tha trustee5 are reSp(m5 for keeping suffiri8nt ac££uniing re(X¢Tds thot dK%thse wilh reasonatrAe aLxwacy al any lime the finanal position of charity arKI @nae ihem lo ensure Ihat lh8 fanal statemerts eompty with the ChyJitie5 Act 2011. Ihe Charity (Ac¢ounts and Reports) Regulal(on$ 2008 aThJ the pKovislon$ of ts twst deed. They are also reSpontA fof safeguarifiNJ Ihe assets of th8 (Iwlty and hence for L2klng rea80nable steps ljrthe provontioll and dgtethn offrawj and other wregth¥il*& The trustead report was 4yoved by tho Board ofTThtsiee trTBuck Dated.. .l.tt
THE LEAGUE OF FRIENDS OF SWANAGE HOSPITAL INDEPENDENT AUDITOR'S REPORT TOTHETRUSTEES OFTHE LEAGUE OF FRIENDS OF SWANAGE HOSPITAL Oplnlon We have audli ed the finaneial statements of The League of Friwtls of Swanage HCIStd (the 'charity'l for the year ended 31 Mardi 2024 which compriso fho statefflert of fin8n(xal athities, the slalement of financlal posilK)n, th &alent of cash flows th$ notes to the finatKial statefftts. induding 9gnifan1 8ccounling policies. The fin8ndal reporting framewottt thal has been aF1)I in thr weparatM)n is applicab law )d United langdo A¢counUng Standards, induding FRS 102 The Reporttro SlaTrJanl in lh8 UK and R8publl¢ ol lTrlaml Iurmted Kingth)m GeneralyAccepted AccrnIThJ Practi1. In our opinion, th8 financAal stal8ments= give a Inje and fair kiew ofthe state of the charitys affatrs as 4131 Mard12024 and of Its Incoming resources and application of resources, for the year then eThJ" have been propwty prepared in a¢dar wilh United Kirylom Gènerdty Aceepted Accounting practi., a1 have been prepared in aco)rdance wth the requirements ofthe Ch8riliesAct 2011. Basls for oplnlon We ttdcted our audii in acCOrdar wlh Intemalional Slandar(L% on Auditing (UK) OSAS {UK)) and applicable law. Our responsibilrb8s under IhosB standards arè fvrther des¢rltd in the Au(litorfs TrspOnbl1ifIfrs for lh& a[1t ol th8 fin&noel sl£l8m8rts sècalon of our teport. We are independent of the charrN in accordance with the ethic rw4uSremenls Ihat arè rd8vant to wr audit of finarK#al statements in the UK. inrjuding the FRC'S Elhul Sfandard, and we havg fulfilled wr other ethical resWKY11it1eS n acurdance wilh these requirements. We b&lieve that the audit eden we have obtained is and appropriate to provKle a basis for our opirmon. Conclusions relatlng to golng concern In auditing the ffinanc4al statements. we FAve conduded Ihat th8 trustees. of the wng ctycem b88is of accoun1ing in the preparation ofthe financAa statements is appro18. Based on Ihe work we ha rf0M1e. have TrJt NJentifl rnalerial uncertainlias rdatlng lo events or ¢))nditions that, indimdualty or collecbvety, may wt djbt on the chariWs abHity lo continL as a witvj (&A)csm for a perknd of at 8$1 e1Ve fr(xn when the fmanoal slatemonts are aUthse for issue. Our respon11$ and the respon8iblits of the trStees wilh r&sp8rt to ng ¢oncem ale desuibod in the relevant Sect)n8 of this rewL othor infttymiation Th& oth81 infomiation comprisés the iffom)8t#)n tnthded in the annual report other than th& ffin8rtial slalemenls and our auditorfs rèport thereon. The trustees are resSIble for the other N)fom)"on (x>ntsined wrthin the annual rep(xt. (hji opinion the finanLial $18lements does nc4 cover the other infom)alN)n aTKI we dL) nol express any lom of sUranCe condusioF) Ihereon. Our responsibility is tr) read the othw knf0nnati and, in doiny so, (x)n&der whether the other inf0miall is mateiially incOn&st with thè finarKial statements or our obtained ' the course of the ouithl. or othemso appoars to bo m8leri8ly misstated. If we wjentify such rnalerHI incorisistend8S apparenl malerfal mlsststomonts. we are reqwj lo determine whelher thi8 gives rise lo a malerral misstatement n the ffnancial statements themselves. If. based work we hav8 pwf0rnd, wè that Iherts is fflatsri misstatement ol fhis other infomialion. we are requirgj to repowtukqt f WB have notlwng lo report in this regard. IAattets on which wo are roqwred to Teport by exceptlon We have nottng to report in resFwA of the matteTS rel*irm to whth thè CtItIes (Accounts and Reports) Regulations 2008 require us to report lo you rf. in our own. the infomHlk)n gen in the fm8n¢ial stalefflerls 15 InnsIstent KJ any material rES wlh Ihe tmstee report or Suffident actountkng lerS have Mt been kept,. or th8 financral statemonls at8 not in agreernenl vlith the accounting records", or we have not recei all the InfOrMatk and QxpnationS we require for Jr authL
THE LEAGUE OF FRIENDS OF SWANAGE HOSPITAL INDEPENDENT AUDITOR'S REPORT {CONTINUED> TO THE TRUSTEES OFTHE LEAGUE OF FRIENDS OF SWANAGE HOSPITAL ResponslbJllVes of trustees As explained more fijlty in the stalefflent of iTUStees' restx)nsilxlibes, the trustee5 are fesponsiblè for the PTeparalk)n of the fir)anoal statements and for being satisfied that they give a true and fair view, and for such Intemal conlml as the trustees determine is necessary to enable the preparalpon of ffinanL¥al statements that are free from material rnisstatemenL whether du& to fraud or 8rror. In preparing the financial statements, the> trustaès are responsibl& for aSseSng thè charity's aNty to ntlue as 8 goiryj Lx>nL. dtsdosing. as appli(3bl8, rnatters rekted to golng rA)ncèrn and using thè g(Mng ((rn basÉs of accour)ting nsS the trustees eit[ intend to cease operalKJns, or have no realistic alternative but to do so. Audltorf$ rg$ponslbllltl•s for thg audlt of the finan¢l•l slatsmonts have been app)inted as auditor under sedm 144 of Charities Ad 2011 and report in rdance with Act and relevant regLllalKJns made or having effert there[der. Our objedivgs ale lo obtsin re#$48 assur• ab1 vthether the fman(ia 8temenl$ a5 a whL4e ar& fraè from material mi58tatswn8nt. whethei due to fraj or erTor, and lo issuè audltofs report Ihat incluth our opink)n. Reasonable assurance is a high level of assurance bLrt is not a guarantèe that an audit cndUcted in accordance th ISAS (UK) will aayS detect a malerial misstatenwl when it Sts. Misstatements can ariso from fraud or efror and are considered material if, 1Thu[y w) th& aggregate. they coubj reasonabty b8 exp&ded to influen the KMiC dacisions of usèrs taken on thè basis of these knial statements. INegul8rftie8, irUdIng fr1, are Instsn$ of norCkr laws and reguLgfions. We design procedures line Mth our reSps111es. Outlin above. to deteci matsyial misstslem8n15 in respecl of irregularitiès, including fraud. The extent to Ythich our procedures are Capab ol dding WTegularTties. induding fraud, is ttelailed below. A further descrfp15on of our is aVthI on the FThn(xal RaporttivJ Coundl's website at: https'.11 www.fr&ory.uklauditorsresponsibiltbes. This desrytson 1mS part of allOrfS report. Othgr matters Your attention is drawn to the fact Ihat the thwity has prepared fmaTrcA statements in a¢cx>rdan¢e wth'Accounting and Reporting by Charities". statent of Rè(x)mmèrKled PradKe applicab to charli$ preparing their acoounts in awrdance with tho Financial Reporting Stsndwd apF4icable in the UK and Republ1¢ of Ireland IFRS 1021. {as amended} in preference to the A(vxJnlt'ng and Rew)rtiiwJ by ch1t16s.. St8temènl of Re¢omm8nded Pwts"ce i56ued on 1 April 2W5 whiL* is referred to in Ihe extant regulations has bèen withdrawn. This has been done in order for the tharKial slatets to and fair eW in aceordance with rrent G8n8ralyAcWad Aox)untYig Pr(. Use ofourrnport This report is fflade solety lo the chafiW5 Irustees, as a b(xly. in ac(thance WTth part 4 of the Chariligs IAc(x)un15 and Report5} Regulations 2C(18. Our audil vx)rk has be utKlertaken so that we mi1 slate to the ¢haritls Injslees those matters we are required to slate to ltr£m in an auditoTS' rewxt and for no olher purrM)sè. To the fulest ex11 pemiitted by law, we (SJ not attept or assume res[x1¥1fy to anyone othor than tho ¢harty and the chartvs Ini8lees a8 a tKKty, for our audit wiyK for th1$ report. or the opiiw we have fotrned. lknnls La Ch•rtèred A¢countants Statutory Audltor 311&3 CorThnercial Road Poole Dorset 8H14 OHU
THE LEAGUE OF FRIENDS OF SWANAGE HOSPITAL INDEPENDENT AUDITOR'S REPORT (CONTINUED TO THE TRUSTEES OF THE LEAGUE OF FRIENDS OF SWANAGE HosprrAL Morr1$ Lane Is ellglble ftsr appooilmenl as auditor of the chaiity by vwlue of its ¢lglblllty for appoinlment as auditor of a company under of section 1212 of Ihe Compar¥es Arl 2(X.
THE LEAGUE OF FRIENDS OF SWANAGE HOSPITAL STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE AccouKr FOR THE YEAR ENDED 31 MARCH 2024 Unr•strtct•d R•stricted funds lund• 2024 2024 Total unreStrted Restrided hjnds fLN7ds 2023 2023 Total 2024 2023 Donations and legaaes Charitabb activities Other trading activibes Invgstments 3.454,463 3.454.508 187.006 2,931 3,945 11454 3.525 190.531 2.931 3.945 12.454 78,71 78.71 Total kn¢omg 3.539, 3.539.Pg)8 2[,336 3.525 209.881 Chariiabla actimtias 91.177 92.526 29.020 29.020 Net galn8llf0s8esl ( Investments io 74,X 74.3 131,288) 131,2681 Net movemont In fund$ 3,522.692 (1.304) 3.521.388 146,048 3,525 149,573 Fund balances at 1 Awl 2W23 1.938.742 6.354 1.945.096 1.792.694 2.829 1,795,523 Fund balances at 31 March 2024 5,461.434 5.050 5,466.484 1,938,742 6,354 1,945,096 Th8 Statamant of fThnaal actNib8s IdeS all nS and108seg regniSed in year. All inwm8 and eXpmJi[e derrrfe frDm Lyjntwiuing a(ai¥i
THE LEAGUE OF FRIENDS OF SWANAGE HOSPITAL STATEMENT OF FINANCIAL POSrnON AS AT31 MARCH 2024 2024 2023 Flxod 0s$9ts Inveslments Cuffent as$*ts DgblDrs Prepayments and accrnad income Cash al bank and in ha 11 2857.569 446.019 12 137.39) 13,167 2.345.798 1,491.617 2,518.355 1,499.617 Crrnnt Il•blltle• Accruals and deferred 1Cm0 13 540 Net Lwrrent 8s58ts 2.XB,915 1,499.OTI Total assets I$ cuThent Il•blllllo• 5,466,484 1.945.096 Income fund$ Restricted funds Unrethcted lunds 14 15 5.461.434 1.938.742 5.461.434 1.938.742 5.466,484 1,945. The finandal statements were aFed ty tho Ttee3 on ... ... trT&Jck Tmstso
THE LEAGUE OF FRIENDS OF SWANAGE HOSPITAL STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Cash flows from op9ratlng ac1ivili•$ Cash generated from operalions 19 3245,886 393,887 Invostlng a¢dvltloS Purchas& of investments Investment income and interest received 12,437.245) 45,540 15.081) 12,454 N9t¢a8h Iu8ed Inyg9nernl¢d from Invè8ting a¢tiYit*8 (2,391,7 7.373 Increase In cash and cash equlvalenls 854.181 401.260 Cash cash eqUleft at beglinhg ofyear 1,491.617 1,09),357 Cash and cash oqulvalgnts at end ofar 2.345,798 1.491.817
THE LEAGUE OF FRIENDS OF SWANAGE HOSPITAL
NOTES TO THE FINANCIAL STATEMEKYS
FOR THE YEAR ENDED 31 MARCH 2024
Ac¢ounting poti¢i08
Charfty Inforniatlon
The League of Friends of Swanage HOsla1 is a tAtAiG kwèfft entity and a reglstered ¢harrty in &gland and
Wales and 15 an unrKx)rporaled associatvjn. Th8 addrfjss of thg prin(ip81 office is 50 Benlease Way.
Swanage. Dorset. BH19 2SL
1.1 A¢tIng ¢onvwthn
Th8so finanoal slal8mt$ ha been ppared in ¢omF4ance with FRS 102. The Financial Reporting
Standard appli(aÈAe in the UK and the Rewblic of Ireland. the Statement of Recommended Prac
appli(3ble to charrfitrs preparing thwr a)unt$ in accordam? with tha FInA Reporling Standard
applicAe in the UK and RepJL of Ireland {FRS 102)
THE LEAGUE OF FRIENDS OF SWANAGE HOSPITAL
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED>
FOR THE YEAR ENDED 31 MARCH 2024
A¢counUng wlklgs
{Contlnu•dl
Income fti¥n donated go(xYs is measured at Ihe fr Val of Ihg d8 unless Ihis is imwactical to
measure reliably. in vthich se the walue is derrved fmm thè (J)st to thè donor orlhe estimated resale
value. Donated facilrlie5 and seNrc¢$ are recogntwl in Ihe nIS when received rf the value can
be reliab ffleasLre(L No amounts are indLKled the ¢thbUn of generd volunt8@rs.
Income from contracts the yjppty of ser¥ices L% 1h the delivery of Ihe )ntracted
service. This is classiffied as unreslri(aed fuThJs unless there is a contrxlual r8quiramenl for il lo be
spent on a particular purpjse and retumed If unspwrt. in whith case il may be regarded as restricted.
1.5 Expendliuro
Expenditure is reoy2ni8ed on an accnth basis as a ktifity is iThwffed. &pendilure ndLe$ any VAT whi
(xnnol be fully recove. and is dassffied LtyNJgr h8adrys of the statement of finanaal acti(8 to which il
relates..
Expendlturg on r•sin9 fvnds leS the (xjsts of am frjndraing athib83, events. n0chble
trading a¢lwitSes, Ihe sale of don81 good5.
Expendhure cfi charl1ae aclivities in(4ud85 al (#)8ts iThwrred by a chaiity undertakirvJ aGIMties
Ihal further its tharitakAo aims kn Ihe benefft of its beneficiariès. iiduthng those support costs and
costs relating to the rna ofthe tharity wirtioned to tharilable actmtses.
. Ottv trxpendéiure expewHIe tt1 is neither related to r8i%ng t¥J$ for the dwrity n
part of ts e>¥JendMu fm dWrItab aCb1ryt.
l ¢ostS ore lo(gted to expendilure categorie5 Telng the use of the resourc8. Diréct costs attributatlo 10
8 dngle a(alvlly are allocat1 di[t to that almty. Shared costs are Appknd the act[8 they
contribthé to on a ré8son8ble, jusffialAe and consistent basis.
1A Non
THE LEAGUE OF FRIENDS OF SWANAGE HOSPITAL NOTES TO THE FINANCIAL STATEMENTS (colNUED> FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcl8S (Continuodl here Inv¢slm¢rrts In shares are pUY tsaded or ther fair value ran otherws& m88sured reliably, the Investment Ss subsequenlty measured at faw walue with chaThps in fair Val rac(MJnised in irwno and expenditure. All othw sh investEntS are subwugnlly measured 8t (xisl less impaiTmenl. Other financial Ments, dériva1, are inltlaNy recogn15ed at far value, unless p8yment for an assèt is deferred tYOnd nomia business tem$ or fina at a rdle of interest that is not a mathel ral6. In whth case the asset is measured at the value of the fUre payments discounted at a market rata of Interest for a slmilar debt inslwmnL Other ffinandal In¥twments aro 8ub8equenty measur1 at fair Va, Iwth any thanges recognised in the statement of ffinarbia a¢itIes. wlh the excepllon of tr9119 iislrumtsnts in a designated hedging relationship. Baslc finanelalass•ts Financml assets that are Measur at (x>st or amortised cost are eWed for obpciive evidence of impairment al the end of each report#¥J dale. tf there objectNe evsdence of impaim)ent, an impairnient loss Is rewnlwl under the appropriate hthding in the Statem11 of n0?1 adNits in whith the inilkol galn was rewgnl8ed. Olhorfinanclal assots For an equNy Inslwmenls regardless of swJrifKance. and ots)er fmanual asgets that are indidallY sKJnifkanl, Ihese are assessed indNidualy for Ynpairnient Othw fina?a1 assets are either a&8essed Ild[Y or grouped on the basis of pAmiLar uedit risk charafAwisllGs. Inwalmnt of Hnan¢lalassets Any reversals of impairnient are recognise(I hnmediatety, to the extent that the reversal doès not result in a (rrying amount of the financial asset that &Y(wds what the caThying amount would have been had thg impaimi8nt not préviousty bèèn recognised. Crltlcal accounting estimatss a1 Jud In the applicalKJn of th¢ etharitls accounting Ihe tteeS are reqred to nTrakÈ jwlgemenls. estim81e8 and assumptions abcKrt the catrying am011 of awts and 811¢18S that are not readi apparent from other source8. The estirnate5 and a5501iated assumptwjns are basèd (x) hisforical experien and other fa¢l¢xs that are considered to be relewdnl. Aclual restS may diffor frown ljwe e8b'nles. The estimates and assumptions are reviewed on an rA)going basis. Rovisions to accountwig estim*6s ar8 r8(wnisèd in thè pari in whith the estimate is Te wl)ere the rtivision affects (Al that period. or In the P of the reyisK)n and bjlure where affwAs both (tTt 8nd future periods. 12-
THE LEAGUE OF FRIENDS OF SWANAGE HOSPITAL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Donatlons and legades Totsl Unfvslricied Re5trict8d funds furKIs Total 2024 2024 2023 2023 2023 Donations and gifts Lèg8rye8 recefvabie SUbSp110nS 6.137 3,438,8C6 6,182 3,438.e( 9.520 9,030 168,6L 9,370 3,525 12,555 188.806 9,370 3.454,463 3.454,508 187,C 3,525 1,531 Donatlons and glfts Donalion5- In Memoriam Donations- Groups Donations- IndivKIu8 Donations- Staff fund 379 379 3,8 3,525 12,555 6.137 6.182 9.030 3.525 12.555 Charllable actlvltles Unrestr5ctsd Unrestricted Fund8 Funds 2024 2023 Gift aid kn¢om6 2.931 Othfrrtradlng a¢tlvltl•s Unrgstslcted Unrestricted fund$ funds 2024 2023 Fundraising events 3,945 13-
THE LEAGUE OF FRIENDS OF SWANAGE HOSPITAL NOTES TO THE FINANCIAL STATEMEPtrs {coKriNUED) FOR THE YEAR ENDED 31 MARCH 2024 lTrYeBtment8 Unrgstrlct•d Unr8strictod fund5 2024 2023 Ino)me from lisled InVeStnnIg Intgrest receNaLle 24,454 ,252 11257 1.197 78,7( 12.454 Charltsblo actlvltlo8 Unr•strl¢ted Unrestrl¢t•d Funds Funds 2024 2023 Insuran Prfn11ng, stationery and *jverbn9 Fundraising costs Hospit81 m8lnlenan¢e and anMIeS Hospital 04uipmenl and supp¢xt Investment fuNI manag8mènt feès AGM cost5 Support cosls-Accountancy fees SupFK)rt cts$ts-Audit fee8 Staff fund Ir8stNAèd) 745 673 417 100 20,271 6,176 98 540 T79 253 246 T2,547 134 1.442 1,349 91526 29,020 92,526 29,W20 Analysls by fijnd Unrestrted funds Reglrk#èd fijnds 91.177 1,349 29,020 92.526 29,20 Trust0 No rernunera1 or other bets from empk)ytwI with the clHity or a reLated entity wore reiVed by the tnJsl8ès. No trusteè expanses have been Inrred duiing the year I23. NID. 14-
THE LEAGUE OF FRIENDS OF SWANAGE HOSPITAL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Employges The average monthly number ofempby8es during the yearwas: 2024 Nvmbèr 2023 Nun)or Total The average head (x¥unl olemee$ duriwJ the yearwas N4112023.' Nif). No emJoyee reckNed employee of more than £eA).IM) dur% Ihe year (2(r23.' MID. 10 Not galns(Ioss¢g1 on Inv¢¥fments Unrestricted Unre5tricled fund8 2024 2023 Gainlh)ss) on listed inveslments 74.3( (31,268} 11 Fix8d asset invosbngnts Ll$ted investments Cost orvaluation Al 1 April 2023 Addillons FarVU movamenls 448.019 2,437.245 74,305 At 31 March 2024 2.957.569 Carylng Amount Al 31 Marr 2(J24 2.957,569 Al 31 M2rth 2023 446,019 All inveslmenls shovm atrN)ve are h8ld al vabJatron. The Charills investrnenls are managed by Redmayne 8enflgy LLP. who provide a vJualK)n at the year-end dale. Investrnenls in eqLMlies and rued int6resl secuiibes a all traded in quoled pubfic markets, primarily the London Sloek Exithangg. Holdings in common investment fvnds, urtil trusts 8nd opewnded inve8lmenl ¢[nleS aro 81 the b*d price. The basis of falr value for quoted investments is equivalent to market val, usSng bld pri. Asset sa$ and purdSe$ are recognised al the dale of Irada 21 cost Ilhal is their transaction value). 15-
THE LEAGUE OF FRIENDS OF SWANAGE HOSPITAL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 12 Hnanclal Instruments 2024 2023 Canylng amount ollln#n¢l41 •g1ets Instruments measured at fairvalue thtough profft or bjss 2,957,569 446.019 13 Debtors 2024 2023 Amounts f4lHng du• wlthln one year. Debtors Prtrp8ymnls al *¥ued irmme 137.3 33.167 170.557 14 Other GI[tOrS Pdlllng duo¥Athln on• yfrar 2024 2023 A¢£nlS and deferred kKome 7,440 16 R8stslctsd fund• The irKome fvnds of the charity incJde Tvstrkbl ndS (mls7rj the fi41owing Un6ded balan8 of donali)ns and grants held on trust for speofic purrxjses.. Iliovement In funds in funds •t Inr9 8aknctr•t In¢ornlTrg R880Wrt• Balance at 1 2W ¥0•oyw 1 Aprtl 2023 •xp?nded 31 March 2024 Staff fjJnd 2.829 3.525 {1.3491 5,05D 16-
THE LEAGUE OF FRIENDS OF SWANAGE HOSPITAL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 17 Anatysls of net assets between funts T¢Jtal Unrestiicte(J Restrict8d fiJnd5 fijnds 2023 2023 Total fvnds 2024 2024 2023 Fund banCeS at 31 March 2ff24 ar8 rewesented by.. Investments Net cent assets Iliabilitiesl 2.957.S69 2.957.569 446.019 446,019 2.503.865 5.05) 2.508.915 1.492.723 6,354 1.499,OTI 5.461.434 S.0 5.466.484 1,938,742 6,354 1,945,0 18 Related party trgnsaellons There were N) d18dosable related pariy transac(S duri the year (2023- n(Thl. 19 Cash g•n•rntod from op•rdtions 2024 2023 SurKAus ffK the ya 3.521,388 149,5TJ Adlu8tments for. Investmonl income re(x)gni96d in slaternent of ffinarrial aclr¥itss IGain)Jloss on disposa of VeStments 178,71JS) r14.3C6) 112,454} 31.268 Movemnts In working pit.. {Incr8aselldecr8as8 in trade and other 1¥81 Inuease in trade and olhgr payat4es (129,390) 6,90D 225,500 Cash gonornted from OPeTation8 3,245.886 393,887 20 An&lysl$ of ¢h•ngos Sn ngtfMN At 1 APAI 2023 Cash lkn*%At 31 Mh 2024 Cash al bank and in ha1 1.491.617 854.181 2.345,798 1,491,617 854.181 2,345,798 Thè chaiity had no debl during the year. 18-