THE LEAGUE O FRIENDS OF THE JOHN RADCLIFFE HOSPITAL JOHN RADCLIFFF. HOSPITAL OXFORD UNIVERSITY HOSPITAL NHS TRUST HEADINCTON OXFORD REGISTERED CHARITY NO. 278075 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
THE LEAGUE OF FRIENDS OF THE JOHN RADCLIFFE HOSPITAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAR H 2024 CONTENTS Pa Annual R¢port Independent Examin¢r's Report Ststement of Financial Activities Balance Sheet 9-14 Notes forniing part of the Financial Ststements
THE LEAGUE OF FRIENDS OF THE JOHN RADCLIFFE HOSPITAL ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their annual Teport and financial statements of the charity for the year ended 31 March 2024. Th¢ financial statements have been prepared in ac¢ordance witli the accounting policies set out in note I lo the accounts and comply with the charity's constitution, the Charities Act 2011, and Accounting and Reporting by Charities.. Stateinent of Recommended Practice applicable to charities pparIng their accounts in accordance with th¢ Financia] Reporting Standard applicable in the UK and Republic of Ireland- Charities SORP (FRS 102). and the Financial Reporting Standard appli¢able in the UK and Republic of Ireland (FRS 102). al and 8dministr3tive detai15 The League of Friends of the John Rad¢liffe Hospital is registerd with the Charity Commissioners under No. 278075 as a Charitable Trust. and is constituted by a Deed of Trust. The Charity Trustees, also being the Committe4 for the year ended 31 March 2024 were:_ S M¢Clarron ABax C Mills J Heath M Sims E David M Collins B Daly A West Chairman (appointed I l December 2023) Chairman, (Tesigned I l Dember 2023) Treasurer Trusiee Trustee TTUStee Trustee (appointed 20 June 2023) Trustcc (appointed 23 September 2023) Trustee (appointed 25 September 2023) There is no Chief Executive Ol¢Cr. All Trustees participat¢ in the management of the Charity. Bankers.. Lloyds Bank Pl¢. l High Street, Carf&x, Oxford, OXI 4AA Independent EXalAer.. Mrs H C Fanthome FCA, King Loose & Co., Accountants, St John's House, 5 South Parade, Summertown, Oxford, OX2 7JL anisation and activitics The object of the Charity is lo supplemeni the seryice provided by thc John Radcliffe Hospital for the health, welfare and comfort of the patients, by the provision of facilities, premises and equipm¢nl which rnay be requiTed for t])e treattn¢nt of patients, and to support the charitable work of the hospilal.
THE LEAGUE OF FRIENDS OF THE JOHN RADCLIFFE HOSPITAL ANMJAL REPORT FOR THE YKAR ENDED 31 MARCH 2024 Ob'eets o anisation and activities cont'd The premises from which the League operates were previously provided rent free by the hospital. In April 2014, a new preini5es lease was created between Oxford University Hospitals NHS Trust aDd the League. Under the lems of this leas¢, a peppercom rent is chargeable. but the League 15 committed to donations of not le than £50,000 per year lo the Trust, for the benefit of clinical services at the hospital. Tl)is ¢ommitment was on hold in the year ended 31 Marcli 2023, due to the NHS Trust agreeing lo a rent 'holiday' following the impact of th¢ coronavirus pandemic. The Charity is dependent on an averag¢ of approximatrly 29 volunteers, who are mainly retired people, to service the cafeteria and tea bar. In addition. there were 4 paid staff at the year-end. these individuals held the posts of manager, assistant manager, generai assistant and cleaner. Th¢ majority of the Charity'5 funds are provid¢d from the sale of refreshmenrs and goods sold in tlie cafeteria and tea bar. togcther with monies received as donations, bequcsts and gifts. There are no oiher significant activities. Day lo day administration of the cafeteria and tea bar is delegated to the paid staff, with overriding decision making by the Trusiees. The Trustees meet on a regular basis to discuss thc League's affairs, and consider iequests from th¢ hospital for equipment etc. Publie benefit In reviewing the Charity's objectives and activities, the TNstee5 have considered the guidelines laid down by the Charity Commission in relation to public benefit. The Trustees are of the opinion that the Charity's objectives and activities are totally in accoTdan¢e therewith. Trustees ointment and traini Trustees are generally appointed at th¢ annual general meeting, usually held in late Spring. Nominations for Trustees are put forward prior to the annual general Ineeting, when the nominee has confimied their willingness to serve. and th¢n formally proposed, seconded and voted upon at the meeting itself. Induction and training of new Trustees is inforniai, mainly covered by word of mouth and attendance at meetings where poli¢y decisions are taken. and matters of concern discussed. There is no specific training policy, although ccrtain of the Trustees attend meetings of "Attend" (formerly the National Association of Leagues of Friends) and circulat¢ infomiation from such meetings to the othcr Trustecs. Addilionally, some of the volunteers and TTusie¢s have attend¢d environmental food hygi¢ne courses periodically.
THE LEAGUE OF FRIKNDS OF THE JOHN RADCLIFFE HOSPITAL ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 Hos ital ift olic and review of ro ress and achievements The charity provides medicai and related equipm¢ni to. or for, the various waids and departments of the John Radcliffe Hospital, based upon specific requests rnadc by those waTds and departments to the Bids Committee of the Charity's Trustees. Successful bids ar¢ actioned as soon as possible, depending upon availability of the ¢quipment. Bids that have b¢en agreed, but Could not be aclioned by the y¢ar end dale, are noted as outstanding commitments. The Charity has provided medical and related equipment totalling £59,126 (2023.. £1,448), from unrestrlcted funds, during the year. for wliich a list is included with thes¢ accounls. At 31 March 2024, gifts had been promised to the hospital totalling approximately £nil (2023 £1,218), which items were based upon committed bids not y¢t invoiced or paid for by that dal¢. Finanees and re5crves The attached financial statements show the current Stale of the finances which the Trusiees consider Éo sound. The balance shown on unrestri¢t¢d income funds amounted lo £87,604 of which free Teserves were £83,782 It is the policy of the Charity to maintain free reserves at a levcl to support working capital requirements and which maintains the Charity's capability lo r¢spond to any urgent hospital requests. Investmeftt olic Investments are held in short to medium lemi bank deposit account5 tn order to provide flexibility and ease of access. The highest available rate of inr¢rest is actively pursued, but Iliis is dependcnt upon the capital sum available to be invested and th¢ overriding requirement of ac¢essibility. Th¢ investment objective is lo maintain th¢ purchasing power of the monies until thcy are required lo satisfy the grant tnaking proces5. Risk mana ement The Trustees have examined the major strategic, business and operational risks which the Charity faces or may face, and confimi tlial systems are in place to enable regular reports to be produced, $0 il)at th¢ ne¢¢ssary steps can be taken to le55cn any such risks. The principal risks faced by the charity are: compeiition from other on-site providers of similar goods and seryices, and difficulties in attracting volunteers The Trustees are aware of these risks and keep the situation under constant review
THE LEAGUE OF FRIENDS OF THE JOHN RADCLIFFE HO PITAL ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 Statement of Trustees, res n5ibilities The Trustees are responsible for preparing the annual report and the financial statements in a¢¢ordance with applicable law and United Kingdom Generally A¢pIed Accounting Prnctice. Law applicable lo charitiC5 in England and Wales requires the Trustee5 to prepare finan¢ial statements for each financial year, which give a true and fair view of the Charity's financial a¢livities during the year and of its financial position at the end of the year. In prepaiing tIJ05e financial staiements, the Trustee5 are required to- select suitable accounting policies and then apply them ¢onsistently- observe the methods and principles in the applicable Charitie5 SORP. make judEeJn¢nts and estitnales that are Tcasonable and Prudent. state whether appli¢able accounting standard5 have been followed, subject to any materia] departures disclosed and explained in the financial stateinents,. prepare th¢ financial statements on a going concern basis unless il is inappropriate to presume that the Charity will ¢onlinue in operation. The Trustee5 are responsible for keeping accounting records which disclose with reasonable a¢cura¢y at any time the financial position of the ChaTity and which enable them to as¢¢rtain the financial positio of the Charity and enabl¢ them to ensure that the finan¢ial statements comply with the Charitie5 Act 2011 and tlie applicable Charities SORP. They are also responsible for safeguarding the a55ets of th¢ Charity and hence for taking reasonable steps for the prevention and d¢tection of ftaud and other irregularities. On behallof the Commlttee Colin Mills Treasurer 17 January 2025
INDEPEF4DENT EXALVIINERS. REPORT THE LEAGUE OF FRIENDS OF THE JOHN RADCLIFFE HOSPITAL FOR THE YEAR ENDED 31 MARCH 2024 I report on the accounts of the charity for the ycar ¢nded 31 March 2024. which are sel out on pages 7 10 14. ective res onsibilities of the trustets and examiner The charity'5 trustees are responsible for the preparation of the a¢counts. The charity's trustecs consider that an audit is not required for this year under Section 144(2) of the Charities A¢t 2011 (the 2011 Act) and thai an independent examinatioii is needed. It is my responsibility to'.- ExamiT)e ihe accounts under S¢¢tion 145 of the 2011 Act- to follow the proccdures laid down in the General Directions given by the Charity Commissioner under Section 145{5)(b) of the 2011 Act. and to state whether particular matters have come to my attcntion. b) is of inde endeDt examiner's re ort My examination was carried out in a¢cordance with the general directions given by the Charity Commissioners. An examination includes a review of the accounting records kepi by the charily, and a comparison of the accounts presented with Ihose records. li also include5 consideration of any unusual items or disclosu5 in the accounts, and seeking explanations from you as trustee5 concerning any such matters. The procedures undertaken do not provide all the evidence that would b¢ required IT] an audit, and Consequently no opinion is given as to whether the a¢counts present a 'true and fair view. and the report is limited lo those matters Set out in the statement below. Inde endent examiner's statement In conne¢lion with my examination, no matter h&s come to my attention.. (i) which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordan¢e with Section 130 of the 2011 Act. and to prcpare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not b¢en met. or (2) lo which, in my opinion. attention should be drawn in order to enable a proper understanding of the accounts to be reached. King Loose & Co St John's House 5 South Parade Summertown Oxford OX2 7JL Mrs H C Fanthome FCA LLS
THE LEAGUE OF FRIENDS OF THE JOHN RADCLIFFE HOSPITA srATEMEf4T OF FINANCL4L AcfiviTIES FOR THE YEAR ENDED 31 MARCH 2024 Unrestrieted Fundsl Total Funds 2024 2023 Note Income and Endowments from Donarions, legacies, etc Other trading activities Income from investincnts- Bank Interest 1,760 315,800 640 9,972 256,849 Total income and endowments 318.200 266,935 enditllrc on CbAritable activltles Gifts to hospital, etc 59,126 1,448 Costs incurred in furtherance of the trading activities 271,529 234,093 Total resoure¢s expended 330,655 235,541 Net (expenditure)fincome for the year (12,455) 31,394 Fund balances brought forward 100,059 68,665 Fund balanc¢s carried forw4rd 87,604 100,059 There were no recognised gairns or losses for 2024 or 2023, other than those included in the statement of rinancial a¢tivities.
THE LEAGUE OF FRIENDS OF THE JOHN R4DCLIFFE HOSPITAL BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Note Fixed a55ets Tangibl¢ fixed &ssets 3,822 5,952 Current assets Stock Debtors C&8h at bank and in hand 5.000 14,681 111,727 5,000 13214 126,757 10 131,408 144,971 Current liabilities Creditors falling due within one year 47.626 50.864 Net current OS5ets 83,782 94,107 Net assets 87,604 11)0,059 resented Untrstricted income funds 87,604 IIKJ,059 The financial statements were approved by the Trustees on 17 January 2025 and signed on its behalf by.. Colin Mius (Treasurer) Shaun Mcclarron (Chairman)
THE LEAGUE OF FRIENDS OF THE JOHN RADCLIFFE HOSPITAL NOTES FORMLNG PART OF THF. FINANCIAL STATEMENTS THE YEAR ENDED 31 MARCH 2024 FO l. Aceountin olicies (a) General Information Thesc financial statetnents have been prcsented in Pound St¢rling as this is ihe currency of the primary economic environment in which the Charity operates. (b) Basis of preparation Tlie account5 (financial statements) have been PTepared uiider the historical cost convention with items recognis¢d at cost or transaction value unless otherwise staled in the Telcvant note5(s) to th¢se account5. Thc financial statcmenls have been prepared in accordance with the Statemeiit of Recommended Practice-. Accounting and Reporting by Charitie5 prepating their accounts in accordance with the Financial Reporting Standard applicabl¢ in the UK and R¢public of Ireland Charities SORP (FRS 102). the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) and the Charilics Act 2011. The Charity constitutes a public benefit entity as defined by FRS 102. The charity has taken advantagc of the exemption lo prepare a cash flow gtatemenL as contained in Financial Reporting Standard I, on the grounds that it is a small charity. (c) Activitie5 The fsnan¢ial statemenis include the results of the charity's operalion5 as described in lh¢ trustees, annual report. {d) Rev¢nue reeognition l. Sale of Goods Revenue from the sale of goods is recognised when all the following conditions are satisfied:_ The Charity has transferred to the buyer the significant risks and rewards of ownership of the goods. b. The Charity retains neither continuing managerial involvement to the degree usually associated with ownership nor effectiv¢ control over th¢ goods sold. . The amount of revenue can be measured reliably,. d. It is probable that tli¢ ¢conomic bcnefits associated with ihe transaction will flow to the Charity- and ¢. The costs incurred or to be incurred in reS¢t of the transaction can be measur¢d reliably. Revenue is therefore recognised when the custorn¢r accepts deliv¢ry of the pri)duct. 2. Investment Income Investment income is accounted for as receivablc, i.e. in ihe period in which the Charity is entitled to receipt, and the amount of income ¢an be Measur reliably.
THE LEAGUE OF FRIENDS OF THE JOHN RADCLIFFE HOSPITAL NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 l. AccountlD olicics CODt'd (e) Exp¢nditure recognition Liabilities are recogniscd as expendilure as soon a5 thcrc is a legal or Constructive obligation committing the charity lo thai expenditure. il is probable that settlement will be required and the amount of the obligation be reliably measured. Expenditure is included on an accruals basis and has been classified under headings that aggregate all costs related to the tegOry. Expenditures directly related to hospital gifts, the Charity's principal activity, are separately id¢ntified. (o Gifts to Ho$pital The eharity provides mcdical and related equipment to, or for, the vaTiOUS ward5 and depaffments of the John Radcliffe Hospit. based upon specific rcquests made by those wards and departments to the Bids Cominittee of the Charity's Tru5tee5. Successful bids are actioned &s soon as possible, depending upon availability of the equipment. Bids that have been agreed, but could not be action¢d by the yeaT end dat4 have been included a5 expenditure and liabilities in the financial statements. (g) Stocks Stocks are valued, at the lower of cost and nel realisable valu¢. (h) Finanei41 Assets- Classified as Basic Finaneial Instrnments l) Cash and cash equivalents. Cash and cash equivalents include cash in hand, deposits held witli banks, and other short terni highly liquid invesrments with original maturities of three months or less. ii) Trade alld other reeeivables. Trade and other receivables that are receivable within on¢ year are measured at the undiscounted amount of the cash expe¢ted to be r¢ceived, net of any impairment. iii)Trad¢ gnd other payables. Trade and other payables that are payable within one year are Meured at the undis¢ounied amount of the cash expected to be paid. (i) Fund aeeounting Unrestricted funds ¢omprise those funds wlii¢h ihe trustees are free to Use in accordan¢¢ with the obj¢cls of the charity, as defined in The constitution. All of the charity's assets are currently represented by unTestrict¢d funds. ti) Volunteers The value of rhe enornious coniributions made by volunte¢rs is not incorporaied into th¢se financial statements. (k) Tangible fixed ossets Equipment with a cost of over is £1,000 is capitalised as tangible fixed asset5 and is depreciated over ils expectcd useful life of 3 years. io.
THE LEAGUE OF FRIENDS OF THE JOHN RADCLIFFE HOSPITAL NOTES FORMING PART OF THE FKNANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 l. Accountin olicies eontyd (i) Premises Costs The PT¢mises from which the League 0rateS were pr¢viously provided renl free by th¢ hospital. In April 2014. a new premises leas¢ was created between Oxford University HOSpitS NHS TTUSt and the Lcague. Under the icrnis of this lease, which runs initially to 31 March 2020, a peppercorn rent 15 ch¢wgeable, but the League is coininitted to donations of not less than £50,000 per year to the Trust, for the benefit of clini¢al services at the hospital. The distribution is to be agreed jointly between rhe committees of the re5pectiv¢ parties, and any shortfall in onc year is to be made good by the end of the next year. This commitmeni was on hold in the year ended 31 Mar¢h 2023, due to the NHS Trust agreeing to a rent 'holiday' following Ili¢ impact of the ¢oronavirus pandemic. (m) Pension Costs The charity operates a defined contribulion pension scheme in respect of the salaried employees. The scheme's assets are held by independcnt managers. The pension charge represents the amounts payable by Ihe charity tts the scheme in respect of the year. (D) Going CoD¢¢rn The finan¢ial statejnents have been prepared on a going concern basis and there are no going concem un¢ertaintie5 . Gl to Hos ital etc 2024 2023 Hospital comfortslgift5 (note 14) 59,126 1,448 ii.
THE LEAGUE OF FRIENDS OF THE JOHN RADCLIFFE HOSPITAL NOTES FORMING PART OF THE FINANCIAL STATEMEf4TS FOR THE YEAR ENDED 31 MARCH 2024 Costs incurred in furthcTMn¢e ofthe tradin activities 2024 2023 Direct costs: Catering purchases Salary costs Travel allowances Equipment, maintenance etc. 162,153 92,326 1,496 2.061 142.083 76,851 333 642 Other Support Costs: Bank and card net charges Siaiion¢ry and generd expenses Independent Examiner's fees Rates Depreciation 5,097 3,912 2,120 234 2,130 3,769 4,151 1,500 4.326 438 271,529 234,093 Staff ¢osts 2024 No 2023 The average number of employees, unalysed by function, was: Adminislralion and gener assislants Tbe analysls ofcosts is 45 lollows: Wages and salary costs Social security costs (n¢1 of EmployeT'5 Allowance) Pension coniributions 88,579 2,701 1,046 73,910 1.895 1,046 92,326 76.851 No employee earned more than £60,000 per annum Pension Costs The charity operates a defined contribution pension scheme in respect of the salaried employees. The scheme's assets are held by ind¢pendent tnanagers. The p¢nsion charg¢ represents the amounts payable by the charity to the scheme in respect of th¢ year. 12.
THE LEAGUE OF FRIENDS OF THE JOHN RADCLIFFE HOSPITAL NOTES FORMINC PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Trustees remuneration and ex enscs Mrs E David, who is an employee of the charity was, with the agT¢ement of the other Trustees, re-appointed as a Trustee on l March 2023. This arrangemcnl is not prohibited by the Charity's constitution. The salary that Mrs E David received in the period whilst she was a Trustee wa5 £13,493 {2023 £1,184). No other Truslees. nor anyone connected with them, Rceived any remuneration from the Chariry. Occasional, low value, reimbursements are made to the Trustees in spect of expense5 incurred on behalf of the Charity. Tan ible fixed asset Equipment Cost At l April 2023 and 31 March 2024 Depreciation At l April 2023 Charge for the year At 31 March 2024 438 Net book value At 31 Mar¢h 2024 3,822 At 31 March 2023 5,952 Stock 2024 2023 Stock ofgoods for resale 5,000 5,000 DebtOTS 2024 2023 Other debtors 14.681 13214 io. Cash 3t bank and in haDd 2024 2023 Instant access and current a¢counts Cash in hand 126,213 544 543 111,727 126,757 13.
THE LEAGUE OF FRIENDS OF THE JOHTr4 RADCLIFFE HOSPITAL NOTES FORMING PART OF THE FINANCIAL STATEMErs FOR THE YEAR ENDED 31 MARCH 2024 ii. Creditors: amounts fallin due in one ear 2024 2023 Trade creditors Payroll and other t&xes Grants payable Accruals Other ¢Teditors 14.166 26,936 16,364 26,678 1.218 6,400 204 6.320 204 47,626 50,864 Contin ent liabilitie5 and eommitment5 In the opinion of the Trustees. there were no contingent liabilities at 31 Mar¢h 2024. b) In April 2014, a new premises lease was ¢reated between Oxford University Hospita15 NHS Trust and the League. Under the lems of this lease, which runs initially to 31 March 2020. a peppercorn rent is ¢hargeable. but the League is committed to donations of not less than £50,000 per year to the Trust, for the benefit of clinical services al the hospital. The distribution is to be agreed jointly b¢tween the committees of the respective parties, and any shortfall in one year is to be made good by the end of the next y¢ar. There is no shortfall in r¢lalion to the 2023123 year. This was due to the NHS Trst agreeing to a rent'holiday, following the impact of th¢ ¢oronavirus pandemic. 13. Relwted ar dl$elosure3 There ar¢ no related party transactions requiring disclosure, oiher than the remuneration recorded in note 6. 14. Schedule of ifts to hos Ital 2024 2023 2x Simulate 18 Annual Subscription Anxiety Training Course Colposcopy servi Software NHS Email Support Bookwise Software License Plasier saw Cardiology- heart monitor Machine 2x Trolly stands. 2xTV's for Trauma department 2a13a Smdl amounts (under £500) 5,195 1,530 13,430 1,794 11500 1,157 22,157 1,048 400 1.363 59,126 1,448 14.