CHARITY REGISTRATION NUMBER: 273058
THE LEAGUE OF FRIENDS OF SWANAGE HOSPITAL Unaudited Financial Statements 31 March 2025
FROST & COMPANY
Chartered accountants Unit C, Regent House 9 Crown Square Poundbury Dorset DT1 3DY
THE LEAGUE OF FRIENDS OF SWANAGE HOSPITAL
Financial Statements
Year ended 31 March 2025
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 4 |
| Statement of financial activities | 5 |
| Statement of financial position | 6 |
| Notes to the financial statements | 7 |
| The following pages do not form part of the financial statements | |
| Detailed statement of financial activities | 17 |
| Notes to the detailed statement of financial activities | 19 |
THE LEAGUE OF FRIENDS OF SWANAGE HOSPITAL
Trustees' Annual Report
Year ended 31 March 2025
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2025.
Reference and administrative details
Registered charity name THE LEAGUE OF FRIENDS OF SWANAGE HOSPITAL Charity registration number 273058 Principal office 50 Benlease Way Swanage Dorset BH19 2SZ The trustees Mr T Buck Mrs P Cooper Mrs D A Fulbrook (Appointed 15 August 2024) Mr M Jenkins Dr T J Morris Mrs D N Selwyn Mr C A W Smith (Appointed 15 August 2024) Mr P R Smith Mrs L K Spurling Mr P F Stirling Mrs S A Treadwell (Appointed 15 August 2024) Independent examiner Stephen J Frost Unit C, Regent House 9 Crown Square Poundbury Dorset DT1 3DY
The trustees
1
THE LEAGUE OF FRIENDS OF SWANAGE HOSPITAL
Trustees' Annual Report (continued)
Year ended 31 March 2025
Structure, governance and management
The Friends of Swanage Hospital is governed by its constitution. This is reviewed at regular intervals. In the event of the Friends being disbanded its funds would be transferred to a charity with similar aims and objectives.
The Trustees who served during the year and up to the date of signature of the financial statements were:
Mr T Buck Mrs P Cooper Mrs D A Fulbrook Dr M Jenklns Dr T J Morris Mrs D N Selwyn Mr C A W Smith Mr P R Smith Miss L K Spurling Mr P F Stirling Mrs S A Treadwell
The number of trustees is governed by the constitution and are known as the management committee. Members of the management committee are elected at the AGM and serve a term of 3 years. Should a member of the management committee resign or retire they may be replaced by a co-opted member who will stand for election at the next AGM. Since the last AGM Gerry Norris and Sue Whitton have sadly died and have yet to be replaced. This will be addressed at the 2025 AGM. There were no Trustees due for re-election by rotation at the 2024 AGM.
There is currently no policy for the induction and training of trustees.
The principal and registered office of the charity is C/O Swanage Hospital, Queens Road, Swanage BH19 2ES.
Objectives and activities
The Friends object and principal activity is to support Swanage Hospital and its staff by raising funds and making grants to support activities at the Hospital.
At each meeting of the management committee the Matron or other suitable senior member of staff will provide a list of needs from the various departments in the hospital which would require financial support from the Friends. The committee discusses each proposal and either agrees to funding or will reply with a reason why they believe funding would not be appropriate.
We believe this complies with our duty in section 4 of the 2006 act to have due regard to guidance on public benefit.
The main objective of this year was to complete and pay for the major refurbishment of the Stanley Purser ward. Another objective was to provide funds for replacement of equipment for both the X-Ray Unit and Physiotherapy.
2
THE LEAGUE OF FRIENDS OF SWANAGE HOSPITAL
Trustees' Annual Report (continued)
Year ended 31 March 2025
Achievements and performance
The Friends were able to provide £174,000 to complete the ward refurbishment and over £40,000 for new equipment for X-Ray and Physio and with other items of hospital support provided an overall total of almost £222,500.
The Friends continue to support Swanage Hospital patients receiving care from Lewis Manning Hospice Care thus enhancing end of life care.
Financial review
The Friends have a notional reserve of £500,000. This is the sum estimated to be required, potentially at short notice, to fund the start of a major rebuilding project.
A major repurposing of parts of the hospital is expected in the next two years subject to the approval of Dorset Healthcare University Foundation Trust. This will involve refurbishment and redesign and could be a considerable expense.
Investment performance is reported in the accounts. We believe it is our duty to spend public money carefully and when we are unable to spend as much as we would like supporting the hospital then funds should be invested to try to maintain spending power.
Investment policy follows three strands. A substantial sum is kept in the current account so that current expenditure can be met.
Some other funds are invested in fixed interest accounts which are not subject to the volatility of financial markets. The remainder is invested through Redmayne Bentley in a 'cautious' portfolio of mixed financial instruments with the objective of a balance between capital growth and income. Income is currently reinvested. The funds are managed on a Discretionary basis.
The major risk to funding would be a stock market crash. This is mitigated by the mix of investments and the cautious approach.
The principal sources of income are donations, fund raising events and legacies.
The trustees' annual report was approved on .............................. and signed on behalf of the board of trustees by:
Mr T Buck Trustee
3
THE LEAGUE OF FRIENDS OF SWANAGE HOSPITAL
Independent Examiner's Report to the Trustees of THE LEAGUE OF FRIENDS OF SWANAGE HOSPITAL
Year ended 31 March 2025
I report to the trustees on my examination of the financial statements of THE LEAGUE OF FRIENDS OF SWANAGE HOSPITAL ('the charity') for the year ended 31 March 2025.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the financial statements do not accord with those records; or
-
the financial statements 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.
I 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.
Stephen J Frost Independent Examiner
Unit C, Regent House 9 Crown Square Poundbury Dorset DT1 3DY
4
THE LEAGUE OF FRIENDS OF SWANAGE HOSPITAL
Statement of Financial Activities
Year ended 31 March 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 4 | 19,221 | 770 | 19,991 | 3,454,508 |
| Charitable activities | 5 | 3,655 | – | 3,655 | 2,840 |
| Other trading activities | 6 | 2,960 | – | 2,960 | 3,554 |
| Investment income | 7 | 174,654 | – | 174,654 | 78,706 |
| -------------------------------- | -------------- | -------------------------------- | ----------------------------------------- | ||
| Total income | 200,490 | 770 | 201,260 | 3,539,608 | |
| ================================ | ============== | ================================ | ========================================= | ||
| Expenditure | |||||
| Expenditure on charitable activities | 8,9 | 248,668 | 2,487 | 251,155 | 92,526 |
| -------------------------------- | ----------------------- | -------------------------------- | ----------------------------------------- | ||
| Total expenditure | 248,668 | 2,487 | 251,155 | 92,526 | |
| ================================ | ======================= | ================================ | ========================================= | ||
| Net gains on investments | 11 | 49,323 | – | 49,323 | 74,306 |
| -------------------------------- | ----------------------- | -------------------------------- | ----------------------------------------- | ||
| Net (expenditure)/income and net | |||||
| movement in funds | 1,145 | (1,717) | (572) | 3,521,388 | |
| ================================ | ======================= | ================================ | ========================================= | ||
| Reconciliation of funds | |||||
| Total funds brought forward | 5,461,434 | 5,050 | 5,466,484 | 1,945,096 | |
| ----------------------------------------- | ----------------------- | ----------------------------------------- | ----------------------------------------- | ||
| Total funds carried forward | 5,462,579 | 3,333 | 5,465,912 | 5,466,484 | |
| ========================================= | ======================= | ========================================= | ========================================= |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 7 to 15 form part of these financial statements.
5
THE LEAGUE OF FRIENDS OF SWANAGE HOSPITAL
Statement of Financial Position
31 March 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Investments | 16 | 3,084,436 | 2,957,569 |
| Current assets | |||
| Debtors | 17 | 36,856 | 170,557 |
| Cash at bank and in hand | 2,351,065 | 2,345,798 | |
| ----------------------------------------- | ----------------------------------------- | ||
| 2,387,921 | 2,516,355 | ||
| Creditors: amounts falling due within one year | 18 | 6,445 | 7,440 |
| ----------------------------------------- | ----------------------------------------- | ||
| Net current assets | 2,381,476 | 2,508,915 | |
| ----------------------------------------- | ----------------------------------------- | ||
| Total assets less current liabilities | 5,465,912 | 5,466,484 | |
| ----------------------------------------- | ----------------------------------------- | ||
| Net assets | 5,465,912 | 5,466,484 | |
| ========================================= | ========================================= | ||
| Funds of the charity | |||
| Restricted funds | 3,333 | 5,050 | |
| Unrestricted funds | 5,462,579 | 5,461,434 | |
| ----------------------------------------- | ----------------------------------------- | ||
| Total charity funds | 19 | 5,465,912 ========================================= |
5,466,484 ========================================= |
These financial statements were approved by the board of trustees and authorised for issue on ........................, and are signed on behalf of the board by:
Mr T Buck Trustee
The notes on pages 7 to 15 form part of these financial statements.
6
THE LEAGUE OF FRIENDS OF SWANAGE HOSPITAL
Notes to the Financial Statements
Year ended 31 March 2025
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 50 Benlease Way, Swanage, Dorset, BH19 2SZ.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
7
THE LEAGUE OF FRIENDS OF SWANAGE HOSPITAL
Notes to the Financial Statements (continued)
Year ended 31 March 2025
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Investments
Unlisted equity investments are initially recorded at cost, and subsequently measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impairment.
Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure.
8
THE LEAGUE OF FRIENDS OF SWANAGE HOSPITAL
Notes to the Financial Statements (continued)
Year ended 31 March 2025
3. Accounting policies (continued)
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
9
THE LEAGUE OF FRIENDS OF SWANAGE HOSPITAL
Notes to the Financial Statements (continued)
Year ended 31 March 2025
3. Accounting policies (continued)
Financial instruments (continued)
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Donations and legacies
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2025 | |
| £ | £ | £ | |
| Donations | |||
| Donations - In Memoriam | 286 | – | 286 |
| Donations - Groups | 689 | – | 689 |
| Donations - Individuals | 3,417 | – | 3,417 |
| Donations - Staff fund | – | 770 | 770 |
| Legacies | |||
| Legacies | 5,863 | – | 5,863 |
| Subscriptions | |||
| Subscriptions | 8,966 | – | 8,966 |
| ---------------------------- | -------------- | ---------------------------- | |
| 19,221 | 770 | 19,991 | |
| ============================ | ============== | ============================ | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Donations | |||
| Donations - In Memoriam | 1,952 | – | 1,952 |
| Donations - Groups | 379 | – | 379 |
| Donations - Individuals | 3,806 | – | 3,806 |
| Donations - Staff fund | – | 45 | 45 |
| Legacies | |||
| Legacies | 3,438,806 | – | 3,438,806 |
| Subscriptions | |||
| Subscriptions | 9,520 | – | 9,520 |
| ----------------------------------------- | -------------- | ----------------------------------------- | |
| 3,454,463 | 45 | 3,454,508 | |
| ========================================= | ============== | ========================================= |
10
THE LEAGUE OF FRIENDS OF SWANAGE HOSPITAL
Notes to the Financial Statements (continued)
Year ended 31 March 2025
5. Charitable activities
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | ||
| £ | £ | £ | £ | ||
| Gift aid income | 3,655 | 3,655 | 2,840 | 2,840 | |
| ======================= | ======================= | ======================= | ======================= | ||
| 6. | Other trading activities | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2025 | Funds | 2024 | ||
| £ | £ | £ | £ | ||
| Fundraising events | 2,960 | 2,960 | 3,554 | 3,554 | |
| ======================= | ======================= | ======================= | ======================= | ||
| 7. | Investment income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2025 | Funds | 2024 | ||
| £ | £ | £ | £ | ||
| Income from listed investments | 95,964 | 95,964 | 24,454 | 24,454 | |
| Bank interest receivable | 78,690 | 78,690 | 54,252 | 54,252 | |
| -------------------------------- | -------------------------------- | ---------------------------- | ---------------------------- | ||
| 174,654 | 174,654 | 78,706 | 78,706 | ||
| ================================ | ================================ | ============================ | ============================ |
8. Expenditure on charitable activities by fund type
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2025 | |
| £ | £ | £ | |
| Support of Swanage Hospital | 245,584 | 2,487 | 248,071 |
| Support costs | 3,084 | – | 3,084 |
| -------------------------------- | ----------------------- | -------------------------------- | |
| 248,668 | 2,487 | 251,155 | |
| ================================ | ======================= | ================================ | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Support of Swanage Hospital | 83,735 | 1,349 | 85,084 |
| Support costs | 7,442 | – | 7,442 |
| ---------------------------- | ----------------------- | ---------------------------- | |
| 91,177 | 1,349 | 92,526 | |
| ============================ | ======================= | ============================ |
9. Expenditure on charitable activities by activity type
| Activities | ||||
|---|---|---|---|---|
| undertaken | Support | Total funds | Total fund | |
| directly | costs | 2025 | 2024 | |
| £ | £ | £ | £ | |
| Support of Swanage Hospital | 248,071 | – | 248,071 | 85,084 |
| Governance costs | – | 3,084 | 3,084 | 7,442 |
| -------------------------------- | ----------------------- | -------------------------------- | ---------------------------- | |
| 248,071 | 3,084 | 251,155 | 92,526 | |
| ================================ | ======================= | ================================ | ============================ |
11
THE LEAGUE OF FRIENDS OF SWANAGE HOSPITAL
Notes to the Financial Statements (continued)
Year ended 31 March 2025
10. Analysis of support costs
| Analysis | of | |||||
|---|---|---|---|---|---|---|
| support costs | ||||||
| activity | 1 | Total 2025 | Total 2024 | |||
| £ | £ | £ | ||||
| Support costs - Accountancy | 3,084 | 3,084 | 1,440 | |||
| Support costs – Audit fees | – | – | 6,000 | |||
| ----------------------- | ----------------------- | ----------------------- | ||||
| 3,084 | 3,084 | 7,440 | ||||
| ======================= | ======================= | ======================= | ||||
| 11. | Net gains on investments | |||||
| Unrestricted | Total Funds |
Unrestricted | Total Funds | |||
| Funds | 2025 |
Funds | 2024 | |||
| £ | £ | £ | £ | |||
| Gains/(losses) on listed investments | 49,323 | 49,323 |
74,306 | 74,306 | ||
| ============================ | ============================ | ============================ | ============================ | |||
| 12. | Auditors remuneration | |||||
| 2025 | 2024 | |||||
| £ | £ | |||||
| Fees payable for the audit of the financial statements | – | 6,000 | ||||
| ============== | ======================= | |||||
| 13. | Independent examination fees | |||||
| 2025 | 2024 | |||||
| £ | £ | |||||
| Fees payable to the independent examiner for: | ||||||
| Independent examination of the financial | statements | 1,440 | – | |||
| ======================= | ============== |
14. Staff costs
The average head count of employees during the year was Nil (2024: Nil).
No employee received employee benefits of more than £60,000 during the year (2024: Nil).
15. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
No trustee expenses have been incurred during the year (2024: Nil).
12
THE LEAGUE OF FRIENDS OF SWANAGE HOSPITAL
Notes to the Financial Statements (continued)
Year ended 31 March 2025
16. Investments
| Listed | |
|---|---|
| investments | |
| £ | |
| Cost or valuation | |
| At 1 April 2024 | 2,957,569 |
| Additions | 77,543 |
| Fair value movements | 49,324 |
| ----------------------------------------- | |
| At 31 March 2025 | 3,084,436 |
| ========================================= | |
| Impairment | |
| At 1 April 2024 and 31 March 2025 | |
| Carrying amount | |
| At 31 March 2025 | 3,084,436 |
| ========================================= | |
| At 31 March 2024 | 2,957,569 |
| ========================================= |
All investments shown above are held at valuation.
Financial assets held at fair value
The Charity's investments are managed by Redmayne Bentley LLP, who provide a valuation at the year-end date. Investments in equities and fixed interest securities are all traded in quoted public markets, primarily the London Stock Exchange. Holdings in common investment funds, unit trusts and open-ended investment companies are at the bid price. The basis of fair value for quoted investments is equivalent to the market value, using bid price. Asset sales and purchases are recognised at the date of trade at cost (that is their transaction value).
17. Debtors
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Trade debtors | 2,800 | 137,390 | |
| Prepayments and accrued income | 34,056 | 33,167 | |
| ---------------------------- | -------------------------------- | ||
| 36,856 | 170,557 | ||
| ============================ | ================================ | ||
| 18. | Creditors: amounts falling due within one year | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Accruals and deferred income | 6,445 | 7,440 | |
| ======================= | ======================= |
13
THE LEAGUE OF FRIENDS OF SWANAGE HOSPITAL
Notes to the Financial Statements (continued)
Year ended 31 March 2025
19. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | |||||
|---|---|---|---|---|---|
| At | Gains and | At | |||
| 1 April 2024 | Income | Expenditure | losses | 31 March 2025 | |
| £ | £ | £ | £ | £ | |
| General funds | 5,461,434 | 200,490 | (248,668) | 49,323 | 5,462,579 |
| ========================================= | ================================ | ================================ | ============================ | ========================================= | |
| At | Gains and | At | |||
| 1 April 2023 | Income | Expenditure | losses | 31 March 2024 | |
| £ | £ | £ | £ | £ | |
| General funds | 1,938,742 | 3,539,563 | (91,177) | 74,306 | 5,461,434 |
| ========================================= | ========================================= | ============================ | ============================ | ========================================= | |
| Restricted funds | |||||
| At | Gains and | At | |||
| 1 April 2024 | Income | Expenditure | losses | 31 March 2025 | |
| £ | £ | £ | £ | £ | |
| Staff Fund | 5,050 | 770 | (2,487) | – | 3,333 |
| ======================= | ============== | ======================= | ============== | ======================= | |
| At | Gains and | At | |||
| 1 April 2023 | Income | Expenditure | losses | 31 March 2024 | |
| £ | £ | £ | £ | £ | |
| Staff Fund | 6,354 | 45 | (1,349) | – | 5,050 |
| ======================= | ============== | ======================= | ============== | ======================= |
Staff fund - Funds for the benefit and welfare of staff at Swanage Hospital.
20. Analysis of net assets between funds
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2025 | |
| £ | £ | £ | |
| Investments | 3,084,436 | – | 3,084,436 |
| Current assets | 2,384,588 | 3,333 | 2,387,921 |
| Creditors less than 1 year | (6,445) | – | (6,445) |
| ----------------------------------------- | ----------------------- | ----------------------------------------- | |
| Net assets | 5,462,579 | 3,333 | 5,465,912 |
| ========================================= | ======================= | ========================================= | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Investments | 2,957,569 | – | 2,957,569 |
| Current assets | 2,511,305 | 5,050 | 2,516,355 |
| Creditors less than 1 year | (7,440) | – | (7,440) |
| ----------------------------------------- | ----------------------- | ----------------------------------------- | |
| Net assets | 5,461,434 | 5,050 | 5,466,484 |
| ========================================= | ======================= | ========================================= |
14
THE LEAGUE OF FRIENDS OF SWANAGE HOSPITAL
Notes to the Financial Statements (continued)
Year ended 31 March 2025
21. Related parties
There were no disclosable related party transactions during the year (2024 - none).
15
THE LEAGUE OF FRIENDS OF SWANAGE HOSPITAL
Management Information
Year ended 31 March 2025
The following pages do not form part of the financial statements.
16
THE LEAGUE OF FRIENDS OF SWANAGE HOSPITAL
Detailed Statement of Financial Activities
Year ended 31 March 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Income and endowments | ||
| Donations and legacies | ||
| Donations - In Memoriam | 286 | 1,952 |
| Donations - Groups | 689 | 379 |
| Donations - Individuals | 3,417 | 3,806 |
| Donations - Staff fund | 770 | 45 |
| Legacies | 5,863 | 3,438,806 |
| Subscriptions | 8,966 | 9,520 |
| ---------------------------- | ----------------------------------------- | |
| 19,991 | 3,454,508 | |
| ---------------------------- | ----------------------------------------- | |
| Charitable activities | ||
| Gift aid income | 3,655 | 2,840 |
| ----------------------- | ----------------------- | |
| Other trading activities | ||
| Fundraising events | 2,960 | 3,554 |
| ----------------------- | ----------------------- | |
| Investment income | ||
| Income from listed investments | 95,964 | 24,454 |
| Bank interest receivable | 78,690 | 54,252 |
| -------------------------------- | ---------------------------- | |
| 174,654 | 78,706 | |
| -------------------------------- | ---------------------------- | |
| -------------------------------- | ----------------------------------------- | |
| Total income | 201,260 | 3,539,608 |
| ================================ | ========================================= | |
| Expenditure | ||
| Expenditure on charitable activities | ||
| Insurance | 765 | 690 |
| Legal and professional fees | 3,084 | 7,442 |
| Other office costs | 90 | – |
| Printing, stationery & adverts | 715 | 779 |
| Fund raising costs | 1,381 | 253 |
| Hospital maintenance & amenities | 100 | 246 |
| Hospital equipment & support | 222,481 | 72,547 |
| Staff fund | 2,487 | 1,349 |
| Investment fund management fees | 18,420 | 9,086 |
| Hospital training grant | 1,500 | – |
| AGM costs | 132 | 134 |
| -------------------------------- | ----------------------------------------- | |
| 251,155 | 92,526 | |
| -------------------------------- | ----------------------------------------- | |
| -------------------------------- | ---------------------------- | |
| Total expenditure | 251,155 | 92,526 |
| ================================ | ============================ |
17
THE LEAGUE OF FRIENDS OF SWANAGE HOSPITAL
Detailed Statement of Financial Activities (continued)
Year ended 31 March 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Net gains on investments | ||
| Gains/(losses) on listed investments | 49,323 | 74,306 |
| -------------------------------- | ---------------------------- | |
| -------------- | ----------------------------------------- | |
| Net (expenditure)/income | 572 | 3,521,388 |
| ============== | ========================================= |
18
THE LEAGUE OF FRIENDS OF SWANAGE HOSPITAL
Notes to the Detailed Statement of Financial Activities
Year ended 31 March 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Expenditure on charitable activities | ||
| Activities undertaken directly | ||
| Insurance | 765 | 690 |
| Bank charges | 90 | – |
| Printing, stationery & adverts | 715 | 779 |
| Fund raising costs | 1,381 | 253 |
| Hospital maintenance & amenities | 100 | 246 |
| Hospital equipment & support | 222,481 | 72,547 |
| Staff fund | 2,487 | 1,349 |
| Investment fund management fees | 18,420 | 9,086 |
| Hospital training grant | 1,500 | – |
| AGM costs | 132 | 134 |
| -------------------------------- | ---------------------------- | |
| 248,071 | 85,084 | |
| -------------------------------- | ---------------------------- | |
| Governance costs | ||
| Governance costs - accountancy fees | 3,084 | 1,440 |
| Governance costs - audit fees | – | 6,002 |
| ----------------------- | ----------------------- | |
| 3,084 | 7,442 | |
| ----------------------- | ----------------------- | |
| -------------------------------- | ---------------------------- | |
| Expenditure on charitable activities | 251,155 | 92,526 |
| ================================ | ============================ |
19