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 MrTB￿k 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 Ro*J Poc4e BH14 0 THE LEAGUE OF FRIENDS OF SWANAGE HOSPITAL CONTENTS T￿￿tee$, report Ind￿ndent aL*Jitorfs report Statèment of finandal a(al Statement of financ4al p￿t￿)n Stslement of fknws Notes to the financial statements 10-18 THE LEAGUE OF FRIENDS OF SWANAGE HOSPITAL TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 The 1wslees of Tha League of Fiiends of sW￿￿e HOSp￿al {the Friends) pr8s8nt th8ir reixyt and financlal 3talen*nts for the year ended 31 March 2024. Th& finanual statements have been prepared Sn accordance Twilh Ihe accL)unting policxes set out in note 1 to the fin8nLYal sl8l&ments ttJmtAy wth chaiitly ￿nStitUtIC￿. the Charities Ad 2011 and "Aixountlng and Rèporting by Charities." Stalèmant Df RÈo)mrnended PraCt￿e applicable lo charities p￿parIng their acLounls in acwrdan(% with the Finan￿￿ Repowb"r¥J Standard appllcabl& in the UK and Republi¢ of IreL9￿1 IFRS 102) (effecli¥e 1 January 2019}" ob￿tIVES and actlvltle8 The Friends objectives and prinapal adiwty is lo support ￿anage Hospltsl 11$ 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 Va￿￿5 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 bel￿e funditvJ w￿jId 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 attr￿ugh fin81 p8ytnent wil not be made until 2024r25 and te reported on nexl year. funds we in pkn to aL*Eve the obpcbve. A¢hlevoments and porf0m￿n¢0 Thg Friwds were aiAg to wovide ¢)vof £72,5￿ of eqillw￿t SUFWt for the ho$￿1 and i*mmit over £200,WO of 8xpendttwe for the next ffinarKial year. The work done on the stan￿ Purser Ward has servlces as tel￿9￿n. radlo and w141 for inpa*'enls and these coni'rvJe lo be free of charge. The support g￿n to the Iwttal beneffly inpatients and relatI￿S acmss the l* of Purt)eck 8k)ng with our support for Swanagè Ho4y181 pthits ￿¢ekng ongoirvJ care from Lews Manning Hospice Care which enhan￿S end oflrfe car8. Flnan¢ial rovi•w The FrieNls have a notional hotthng of £SuI,C￿) of W lund5 availalAe al short nolc* lo fund the stsrt of a major rebuilding proi8cL A major repurp05ing of parts of th8 hospTI al is Wed in Ihe nexf Iwo years subFd to the approval of Dorsel Hearth￿e UnIve￿ty Foundalion Tru5L This involve ref￿*)IShM￿￿ and r&lesw and couhl be a consld9rnble expense. Investment perfolman￿ reported in the ￿Counts. ￿ belteve li is ow duty to spend publ1¢ money carefvmy and when we are unable to spend as much as we would lik& su14)Otting the ￿spital then ￿ndS should be inves¢ed lo lry to mainlain spend¥wJ power. Investment policy folbws three 3lrands. A sthtantial sun] is kept in the cuNgnt accx)unl so that current expendilure can be meL Some other ftJrKls are invested in ffixed inlaYBst bonds wly¢h are rw)t subject lo the volallty of finatKa81 markets. Thè remand8r is imi8Sted Ihrough R8dm8yne vi a'cautiou3" porifolio of mixed ffinarrial instwuments with the objedNe of grtswlh and Incomè. The mapr risk lo funding would be a stock mathel crnsh. Thi% 1$ Mitigat￿ by Ihe mix of investments and the cautious apwoach and tho r￿0 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 in￿me. 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.. mrT￿d[ 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) (Ap￿Inted 15 Augu#2Q4) (Ap￿inted 15 AL￿Ust 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 stI￿ng retred by Tolation and wero rtrdected as Iw8tees. is (xjrrentty no pdicy In(￿di)n and tr￿n1￿j oftn&%iees. Th8 principal and re￿stered 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. Mspon￿bIliti The Iruslees are reSpOr￿[ble for prep81iThJ the Twstees. Reth and the fvwncial stalen￿nIS in a(tordanco w1th applicaLle law aThJ Uniled lfjngdK)m A￿nti￿ StaJKlards (untt￿ KhvJdom Generaly A￿pIe￿ AC￿U￿tI￿j 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)%8￿8 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 fina￿￿al 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 finan￿al position of ￿ charity arKI @na￿e ihem lo ensure Ihat lh8 f￿an￿al 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 reSpon￿tA￿ 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 HCIS￿td (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 &ale￿nt of cash flows th$ notes to the finatKial statefft￿ts. induding 9gnif￿an1 8ccounling policies. The fin8ndal reporting framewottt thal has been aF1)I￿ in th￿r 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 Accr￿nIThJ Practi￿1. 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￿., a￿1 have been prepared in aco)rdance wth the requirements ofthe Ch8riliesAct 2011. Basls for oplnlon We tt￿d￿cted our audii in acCOrdar￿ wlh Intemalional Slandar(L% on Auditing (UK) OSAS {UK)) and applicable law. Our responsibilrb8s under IhosB standards arè fvrther des¢rlt*d in the Au(litorfs TrspOn￿bl1ifIfrs 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 resWKY￿11it1eS n acurdance wilh these requirements. We b&lieve that the audit e￿den￿ 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 appro￿￿18. Based on Ihe work we ha￿ ￿rf0M1e￿. ￿ have TrJt NJentif￿l rnalerial uncertainlias rdatlng lo events or ¢))nditions that, indimdualty or collecbvety, may wt d￿jbt on the chariWs abHity lo continL* as a witvj (&A)csm for a perknd of at ￿8$1 ￿e1Ve fr(xn when the fmanoal slatemonts are aUth￿se￿ for issue. Our respon￿1￿1￿$ and the respon8iblit*s of the tr￿Stees 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 res￿SIble 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 pwf0rn￿d, 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 nott￿ng to report in resFwA of the matteTS ￿ rel*irm to whth thè C￿tItIes (Accounts and Reports) Regulations 2008 require us to report lo you rf. in our own￿. the infomHlk)n g￿en in the fm8n¢ial stalefflerls 15 In￿nsIstent KJ any material rES￿ wlh Ihe tmstee report or Suffident actountkng le￿r￿S 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 Qxp￿nationS 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 aSseS￿ng thè charity's aNty to ￿nt￿lue 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 ￿n￿sS the trustees eit￿[ intend to cease operalKJns, or have no realistic alternative but to do so. Audltorf$ rg$ponslbllltl•s for thg audlt of the finan¢l•l slatsmonts have been app)inted as auditor under sedm 144 of Charities Ad 2011 and report in ￿￿rdance with Act and relevant regLllalKJns made or having effert there[￿der. Our objedivgs ale lo obtsin re#$￿4￿8 assur•￿ ab￿1 vthether the fman(ia 8t*emenl$ a5 a whL4e ar& fraè from material mi58tatswn8nt. whethei due to fra￿j 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 c￿ndUcted in accordance th ISAS (UK) will a￿ayS detect a malerial misstatenwl when it ￿Sts. Misstatements can ariso from fraud or efror and are considered material if, 1Th￿u￿[y ￿ w) th& aggregate. they coubj reasonabty b8 exp&ded to influen the ￿￿K￿MiC dacisions of usèrs taken on thè basis of these knial statements. INegul8rftie8, ir￿UdIng fr￿1, are Instsn￿$ of nor￿C￿￿￿k￿r￿ ￿ laws and reguLgfions. We design procedures line Mth our reSp￿s￿￿111es. Outlin￿ above. to deteci matsyial misstslem8n15 in respecl of irregularitiès, including fraud. The extent to Ythich our procedures are Capab￿ ol d*ding 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 1￿mS part of a￿llOrfS 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". state￿nt 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 ch￿1t16s.. 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 slate￿￿ts 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 mi￿1 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 ex1￿1 pemiitted by law, we (SJ not attept or assume res[x￿1¥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 unreStr￿ted 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 I￿￿deS all ￿nS and108seg re￿gniSed in year. All inwm8 and eXp￿mJi￿[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 C￿rrnnt Il•blltle• Accruals and deferred 1￿C￿m0 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 aF￿￿￿ed ty tho T￿￿tee3 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 eqU￿left￿ at beglinhg ofyear 1,491.617 1,09),357 Cash and cash oqulvalgnts at end of￿ar 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 HOs￿la1 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 slal8m￿t$ ha￿ been p￿pared 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 FI￿n￿A￿ Reporling Standard applic*Ae in the UK and RepJL* of Ireland {FRS 102) ntinu& to adcyl tho g(xr4J rAywn basis of aL￿￿nI1￿j in pres>aring the f￿anc4a1 statements. 1.3 Charftsble fund8 Unreslricied fuThJs are avallthe ts us¢ at the dis(YetiDn of the trustees to furlher any of the chaiity's pwposes. DesKJnatsd fu￿lS are ufftstrictfjd (￿d5 eaTmarted by Ihe Iwslees for particular fuiure proied or comfftttsnenL RestrKled furxls are 5ubj8(*ed to reSt￿lm￿S on th￿ expendiiur8 derlat8d by the donor or through th& temis of an appeal awKI lau into one of fvJ) s￿￿da5¥eS.' restrid&l fimds or wmbwment ft4KIs. 1A Income l in¢x¥ning resOU￿S are induded in the stalemenl offinanaal a¢liwlies when enth"Ilernpnt has passed to the ¢harity,' il is Probable that the e¢onOrn￿ beneffts asso(aaled with the transa(Ih)n wil li(w to Ihe charity and Ihe amount can bo rGliabty m8asured. The fOll￿￿g $peufi¢ p￿￿leS are arWed lo parbcular CAt8godes of tncom8.' . In(K>ma from donatiorts or gr*)ts is when there is eVb1e￿t of ertillem￿l to the gnl. t￿lp1 Is probable and Its amourrt can be measured relww. . Legary Income ts rewTh5ed when recept is probable and gnllllgmonl is gstsblished. 10- THE LEAGUE OF FRIENDS OF SWANAGE HOSPITAL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED> FOR THE YEAR ENDED 31 MARCH 2024 A¢counUng wlklgs {Contlnu•dl Income fti¥n donated go(xYs is measured at Ihe f￿r Val￿ of Ihg ￿d8 unless Ihis is imwactical to measure reliably. in vthich ￿se the walue is derrved fmm thè (J)st to thè donor orlhe estimated resale value. Donated facilrlie5 and seNrc¢$ are recogntwl in Ihe ￿￿nIS when received rf the value can be reliab￿ ffleasLre(L No amounts are indLKled the ¢￿thbU￿n 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 ndL￿￿e$ 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 frjndrai￿ng athib83, events. n0￿ch￿ble trading a¢lwitSes, Ihe sale of don81￿ good5. Expendhure cfi charl1a￿e 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 expewHI￿￿e tt￿1 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 Tel￿ng the use of the resourc8. Diréct costs attributatlo 10 8 dngle a(alvlly are allocat￿1 di[￿t￿ to that al￿mty. Shared costs are App￿knd the act￿[￿8 they contribthé to on a ré8son8ble, jus*ffialAe and consistent basis. 1A Nonabty measurpjj. assets are n￿aSUred Bl u)81 less imp￿￿￿nt Listed investments are ￿asured al fair vakie wtlh thanges in fair t*ing reexydnised in income or expendhure. 1.7 Cash and equlvalents Cash and cash è(wiVal￿lS ind￿￿ (*sh in harKI. dwits al wmh bank5. Other shoNèrni INuld knve81merrts with oipJinal malu11t￿S of Ihree months or less, and bank oveNlraft5. Bank overdrafts are shLV within bcwromngs in current liaL¥kbes. 1M Flnan¢ial instrw A ￿anCIal asset or a financ#81 Ii8Wy is rectyJMsed onty when the tharity twonw a p8vty lo the contrartual pro￿S1OnS of the instrument. Basic ffinano¥al instruments we initsa￿ re￿nI59d al the am￿￿1 recepMble or payable Indudlng any related fransaction costs. Current assets and cutrwrt 18bihbes we subsequenlty measur8d 8t the cgsh or olhei ￿nside￿all0￿ expe¢Aed lo be paNJ or recewed and not disc¥urrt&J. Debt instruments are subsequentty mea5ure(l at ￿)Sl 11 THE LEAGUE OF FRIENDS OF SWANAGE HOSPITAL NOTES TO THE FINANCIAL STATEMENTS (co￿lNUED> FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcl8S (Continuodl here Inv¢slm¢rrts In shares are pU￿￿Y 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 s￿h invest￿EntS are subwugnlly measured 8t (xisl less impaiTmenl. Other financial ￿Ments, dériva1￿, are inltlaNy recogn15ed at far value, unless p8yment for an assèt is deferred t￿YOnd 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 f￿Ure payments discounted at a market rata of Interest for a slmilar debt inslwmnL Other ffinandal In¥twments aro 8ub8equenty measur￿1 at fair Va￿, Iwth any thanges recognised in the statement of ffinarbia a¢*i￿tIes. wlh the excepllon of tr￿9119 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 Statem￿11 of ￿n0?1 adNit*s in whith the inilkol galn was rewgnl8ed. Olhorfinanclal assots For an equNy Inslwmenls regardless of swJrifKance. and ots)er fmanual asgets that are indi￿d￿allY sKJnifkanl, Ihese are assessed indNidualy for Ynpairnient Othw fina￿?a1 assets are either a&8essed I￿l￿d￿￿[Y or grouped on the basis of pAmiLar uedit risk charafAwisllGs. Inwalm*nt 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 a￿1 Jud￿￿￿ In the applicalKJn of th¢ etharitls accounting Ihe t￿￿teeS are req￿red to nTrakÈ jwlgemenls. estim81e8 and assumptions abcKrt the catrying am01￿1 of awts and ￿8￿￿11¢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 res￿tS may diffor frown ljwe e8b'n￿les. 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 T￿e￿ wl)ere the rtivision affects (Al￿ that period. or In the P￿ of the reyisK)n and bjlure where affwAs both (￿tT￿t 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 SUbS￿p110nS 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 InVeStn￿nIg 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 *jverb￿n9 Fundraising costs Hospit81 m8lnlenan¢e and an￿MIeS Hospital 04uipmenl and supp¢xt Investment fuNI manag8mènt feès AGM cost5 Support cosls-Accountancy fees SupFK)rt cts$ts-Audit fee8 Staff fund Ir8stNAèd) 745 673 417 100 20,271 6,176 98 540 T79 253 246 T2,547 134 1.442 1,349 91526 29,020 92,526 29,W20 Analysls by fijnd Unrestr￿ted funds Reglrk#èd fijnds 91.177 1,349 29,020 92.526 29,￿20 Trust0 No rernunera1￿ or other b￿e￿ts from empk)ytwI with the clHity or a reLated entity wore re￿iVed by the tnJsl8ès. No trusteè expanses have been In￿rred duiing the year I￿23. NID. 14- THE LEAGUE OF FRIENDS OF SWANAGE HOSPITAL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Employges The average monthly number ofempby8es during the yearwas: 2024 Nvmbèr 2023 Nun*)or Total The average head (x¥unl olem￿ee$ 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$ted investments Cost orvaluation Al 1 April 2023 Addillons FarV￿U￿ movamenls 448.019 2,437.245 74,305 At 31 March 2024 2.957.569 Carylng Amount Al 31 Marr* 2(J24 2.957,569 Al 31 M2rth 2023 446,019 All inveslmenls shovm atrN)ve are h8ld al vabJatron. The Charills investrnenls are managed by Redmayne 8enflgy LLP. who provide a vJualK)n at the year-end dale. Investrnenls in eqLMlies and rued int6resl secuiibes a￿ all traded in quoled pubfic markets, primarily the London Sloek Exithangg. Holdings in common investment fvnds, urtil trusts 8nd opewnded inve8lmenl ¢￿[n￿leS aro 81 the b*d price. The basis of falr value for quoted investments is equivalent to market val￿, usSng bld pri￿. Asset sa￿$ and purd￿Se$ 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¢£n￿lS and deferred kKome 7,440 16 R8stslctsd fund• The irKome fvnds of the charity inc*Jde Tvstrkbl ￿ndS (￿m￿ls7r￿j the fi41owing Un6￿￿ded balan￿8 of donali)ns and grants held on trust for speofic purrxjses.. Iliovement In funds in funds •t In￿r￿￿9 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 b￿anCeS at 31 March 2ff24 ar8 rewesented by.. Investments Net c￿￿ent 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 M￿h 2024 Cash al bank and in ha￿1 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-