REGISTERED CHARITY NUMBER: 275888
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2021 for
League of Friends of Buckingham Hospital
Tearle & Carver Limited Chandos House School Lane Buckingham Buckinghamshire MK18 1HD
League of Friends of Buckingham Hospital
Contents of the Financial Statements for the Year Ended 31 December 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 10 |
| Detailed Statement of Financial Activities | 11 | to | 12 |
League of Friends of Buckingham Hospital
Report of the Trustees for the Year Ended 31 December 2021
The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objectives of the League are to support the work of the Hospital and its staff and to promote the welfare of the patients.
Review of activities during the year ended 31 December 2021
At the beginning of the year, Mr Julian Lovelock was appointed Chairman of Trustees, bringing continuity to the role, though the League is most grateful to Mr Frank Donlon and Mr Stephen Long for sharing the post in previous years. Frank Donlon was appointed Deputy Chairman.
The COVID-19 pandemic continued to dominate events throughout the year. All committee meetings and the AGM were held via Zoom.
Because of Covid-19 it remained impossible to hold events inside the Hospital. During the summer the League was able to organise a tea party in the Hospital garden to thank the staff for their unstinting efforts during the pandemic. The annual Christmas Carol Concert for patients and staff could not go ahead, but vouchers were given to all the Hospital staff and there were also the usual Christmas gifts for patients.
Although fund-raising activity necessarily remained minimal, the League benefited from major gifts from the Tesco bookstall and the Bletchley Lions. The League also received two sizeable legacies. Other significant income was again from investment dividends and portfolio valuation increases.
The major charitable donation to the Hospital remained the upkeep of the Hospital garden and grounds: the League is investigating the possibility of a donation from the Buckinghamshire Healthcare NHS Trust towards this expense. A new storage shed was also purchased for the Hospital. The other major expenses were newspapers and magazines, and the summer party and Christmas vouchers/gifts detailed above.
There were two other major projects during the year. First, a small sub-committee led on a new website, with the generous help of TSD, Buckingham. The website was trialled at the end of the year and subsequently went live in January 2022. Secondly, the League has been investigating the possibility of an orchard area in the Hospital garden to mark the service of Hospital staff since its foundation. This will be taken forward in 2022.
The League's running expenses were broadly in line with 2020.
The Trustees continue to maintain close links with the hospital staff, Buckinghamshire Healthcare NHS Trust, local GPs, The Swan Primary Care Network, The North Bucks Primary Care Network and the wider NHS community.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
275888
Page 1
League of Friends of Buckingham Hospital
Report of the Trustees for the Year Ended 31 December 2021
Principal address
c/o Buckingham Hospital High Street Buckingham Buckinghamshire MK18 1NU
| Trustees | |
|---|---|
| President | Dr R Harrington |
| Chairman | Mr J Lovelock |
| Hon Secretary | Mrs S Dawe |
| Hon Treasurer | Mrs J North |
| Mr A J Wrigley ACIB - resigned 18 March 2021 | |
| Mrs M A Clarke | |
| Mrs M Elder | |
| Mr F Donlon | |
| Mrs B Hood | |
| Mrs C Brown | |
| Mr S Long | |
| Miss R Hutt | |
| Mr J Harvey |
Independent Examiner
Tearle & Carver Limited Chandos House School Lane Buckingham Buckinghamshire MK18 1HD
COMMENCEMENT OF ACTIVITIES
The League was originally formed in 1967 to prevent the threatened closure of Buckingham hospital.
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
................................................................. Mr J Lovelock - Trustee
Page 2
Independent Examiner's Report to the Trustees of League of Friends of Buckingham Hospital
Independent examiner's report to the trustees of League of Friends of Buckingham Hospital
I report to the charity trustees on my examination of the accounts of League of Friends of Buckingham Hospital (the Trust) for the year ended 31 December 2021.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all 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 Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
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.
Tearle & Carver Limited Chandos House School Lane Buckingham Buckinghamshire MK18 1HD
Date: .............................................
Page 3
League of Friends of Buckingham Hospital
Statement of Financial Activities for the Year Ended 31 December 2021
| 2021 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 56,191 Investment income 2 4,582 Total 60,773 EXPENDITURE ON Raising funds 3 2,942 Charitable activities Buckingham Hospital 22,125 Governance costs - Total 25,067 Net gains on investments 18,118 NET INCOME 53,824 RECONCILIATION OF FUNDS Total funds brought forward 277,990 TOTAL FUNDS CARRIED FORWARD 331,814 |
2020 Total funds £ 7,268 4,685 |
|---|---|
| 11,953 2,709 18,784 2,233 |
|
| 23,726 15,173 |
|
| 3,400 274,590 |
|
| 277,990 |
The notes on page 0 form part of these financial statements
Page 4
League of Friends of Buckingham Hospital
Balance Sheet 31 December 2021
| 2021 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 6 175 Investments 7 269,395 269,570 CURRENT ASSETS Investments 8 32,650 Cash at bank and in hand 29,868 62,518 CREDITORS Amounts falling due within one year 9 (274) NET CURRENT ASSETS 62,244 TOTAL ASSETS LESS CURRENT LIABILITIES 331,814 NET ASSETS 331,814 FUNDS 10 Unrestricted funds 331,814 TOTAL FUNDS 331,814 |
2020 Total funds £ 275 251,276 251,551 20,498 6,217 26,715 (276) 26,439 277,990 277,990 277,990 277,990 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Mr J Lovelock - Trustee
The notes on page 0 form part of these financial statements
Page 5
League of Friends of Buckingham Hospital
Notes to the Financial Statements for the Year Ended 31 December 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
All funds held by the League are unrestricted funds. These funds can be used in accordance with the charitable objectives at the discretion of the trustees.
2. INVESTMENT INCOME
| Other fixed asset invest - FII Deposit account interest |
2021 £ 4,581 1 4,582 |
2020 £ 4,624 61 |
|---|---|---|
| 4,685 |
Page 6
continued...
League of Friends of Buckingham Hospital
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
3. RAISING FUNDS
Investment management costs
| Investment management costs | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Portfolio management | 2,942 | 2,709 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 7,268 |
| Investment income | 4,685 |
| Total | 11,953 |
| EXPENDITURE ON | |
| Raising funds | 2,709 |
| Charitable activities | |
| Buckingham Hospital | 18,784 |
| Governance costs | 2,233 |
| Total | 23,726 |
| Net gains on investments | 15,173 |
| NET INCOME | 3,400 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 274,590 |
| TOTAL FUNDS CARRIED FORWARD | 277,990 |
Page 7
continued...
League of Friends of Buckingham Hospital
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
6. TANGIBLE FIXED ASSETS
| 6. | TANGIBLE FIXED ASSETS | |
|---|---|---|
| Computer | ||
| equipment | ||
| £ | ||
| COST | ||
| At 1 January 2021 and | ||
| 31 December 2021 | 500 | |
| DEPRECIATION | ||
| At 1 January 2021 | 225 | |
| Charge for year | 100 | |
| At 31 December 2021 | 325 | |
| NET BOOK VALUE | ||
| At 31 December 2021 | 175 | |
| At 31 December 2020 | 275 | |
| 7. | FIXED ASSET INVESTMENTS | |
| Listed | ||
| investments | ||
| £ | ||
| MARKET VALUE | ||
| At 1 January 2021 | 251,276 | |
| Additions | 1 | |
| Revaluations | 18,118 | |
| At 31 December 2021 | 269,395 | |
| NET BOOK VALUE | ||
| At 31 December 2021 | 269,395 | |
| At 31 December 2020 | 251,276 | |
| There were no investment assets outside the UK. | ||
| Cost or valuation at 31 December 2021 is represented by: | ||
| Listed | ||
| investments | ||
| £ | ||
| Valuation in 2021 | 18,119 | |
| Cost | 251,276 | |
| 269,395 |
Page 8
continued...
League of Friends of Buckingham Hospital
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
| 8. CURRENT ASSET INVESTMENTS Other 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 10. MOVEMENT IN FUNDS At 1/1/21 £ Unrestricted funds General fund 277,990 TOTAL FUNDS 277,990 Net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 60,773 (25,067) TOTAL FUNDS 60,773 (25,067) Comparatives for movement in funds At 1/1/20 £ Unrestricted funds General fund 274,590 TOTAL FUNDS 274,590 |
2021 £ 32,650 2021 £ 274 Net movement in funds £ 53,824 53,824 Gains and losses £ 18,118 18,118 Net movement in funds £ 3,400 3,400 |
||
|---|---|---|---|
Page 9
continued...
League of Friends of Buckingham Hospital
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
10. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 11,953 | (23,726) | 15,173 | 3,400 |
| TOTAL FUNDS | 11,953 | (23,726) | 15,173 | 3,400 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1/1/20 £ 274,590 274,590 |
Net movement in funds £ 57,224 57,224 |
At 31/12/21 £ 331,814 |
|---|---|---|---|
| 331,814 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 72,726 | (48,793) | 33,291 | 57,224 |
| TOTAL FUNDS | 72,726 | (48,793) | 33,291 | 57,224 |
11. OTHER FINANCIAL COMMITMENTS
At 31 December 2021 there were no financial commitments.
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2021.
Page 10
League of Friends of Buckingham Hospital
Detailed Statement of Financial Activities for the Year Ended 31 December 2021
| 2021 £ INCOME AND ENDOWMENTS Donations and legacies Donations 2,615 Gift aid 667 Legacies 50,178 Subscriptions 2,731 56,191 Investment income Other fixed asset invest - FII 4,581 Deposit account interest 1 4,582 Total incoming resources 60,773 EXPENDITURE Investment management costs Portfolio management 2,942 Charitable activities Grants to institutions 19,695 Support costs Management Administrative expenses 60 Postage and stationery 207 Sundries 547 Accountancy 858 1,672 Finance Insurance 450 Bank charges 7 Computer equipment 100 557 Information technology Website training and support 201 Total resources expended 25,067 Net income/(expenditure) before gains and losses 35,706 |
2020 £ 815 2,621 543 3,289 7,268 4,624 61 4,685 11,953 2,709 18,351 310 207 580 858 1,955 431 - 100 531 180 23,726 (11,773) |
|---|---|
This page does not form part of the statutory financial statements
Page 11
League of Friends of Buckingham Hospital
Detailed Statement of Financial Activities for the Year Ended 31 December 2021
| Detailed Statement of Financial Activities for the Year Ended 31 December 2021 |
|
|---|---|
| 2021 £ Realised recognised gains and losses Realised gains/(losses) on fixed asset investments 18,118 Net income 53,824 |
2020 £ 15,173 |
| 3,400 |
This page does not form part of the statutory financial statements
Page 12