REGISTERED CHARITY NUMBER: 283105
Report of the Trustees and
Financial Statements
for the Year Ended 30 April 2023
for
League of Friends of Derriford Hospital
Sheppards Accountants Limited 22 The Square The Millfields Plymouth Devon PL1 3JX
League of Friends of Derriford Hospital
Contents of the Financial Statements for the Year Ended 30 April 2023
| 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 | 9 |
| Detailed Statement of Financial Activities | 10 |
League of Friends of Derriford Hospital
Report of the Trustees for the Year Ended 30 April 2023
The trustees present their report with the financial statements of the charity for the year ended 30 April 2023. 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 charity's principal activity during the year was the support of Derriford Hospital, Plymouth.
The majority of the charity's income is from bequests and donations given by members of the public. It also has a small second hand book shop to generate funds. In addition, it receives income under Gift Aid from Derriford Hospital League of Friends Shop Limited, a company under the control of the management committee.
The key objective of the charity is the support of Derriford Hospital in Plymouth, primarily through the purchase of specialist medical equipment.
ACHIEVEMENT AND PERFORMANCE
Review of activities and achievements
The year ended 30 April 2023 showed total income of £26,778.
During the year ended 30 April 2023, the charity purchased £10,013 of equipment and facilities for the hospital.
The results for the year comprised net income over outgoings of £14,998. This resulted in total funds carried forward of £241,961 at the year end.
The charity relies on the use of volunteers to run its operations for whom it is very grateful.
FINANCIAL REVIEW
Reserves policy
The charity does not maintain a reserves policy as under its constitution, all funds are solely for the purchase of specialist equipment for Derriford Hospital. Commitments are only made when there are adequate funds available to meet requests for equipment. The current reserves amount to £241,961.
.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Organisational structure
The charity is administered by a management committee, the members of which are listed within the Report of the Trustees. The management committee are also trustees of the charity. At the AGM one third of the longest serving members retire and offer themselves for re-election by the members of the League of Friends present at the AGM.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
283105
Principal address
42 Garden Park Close Plymouth Devon PL9 8JL
Page 1
League of Friends of Derriford Hospital
Report of the Trustees for the Year Ended 30 April 2023
Trustees
Mrs R Vincent Chairman Mrs K Heyes Secretary Mrs S Nicholson Treasurer Mrs M Murphy Mrs H Dawes Professor J Griffiths Miss E Lewis Mrs C Barrow Membership Secretary
Independent Examiner
Sheppards Accountants Limited 22 The Square The Millfields Plymouth Devon PL1 3JX
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ Mrs K Heyes - Trustee
Page 2
Independent Examiner's Report to the Trustees of League of Friends of Derriford Hospital
Independent examiner's report to the trustees of League of Friends of Derriford Hospital
I report to the charity trustees on my examination of the accounts of League of Friends of Derriford Hospital (the Trust) for the year ended 30 April 2023.
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.
Mr Ian Sheppard
Sheppards Accountants Limited 22 The Square The Millfields Plymouth Devon PL1 3JX
Date: .............................................
Page 3
League of Friends of Derriford Hospital
Statement of Financial Activities for the Year Ended 30 April 2023
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 16,759 Other trading activities 2 8,454 Investment income 3 1,565 Total 26,778 EXPENDITURE ON Raising funds 20 Charitable activities Equipment purchases and support costs 11,676 Other 84 Total 11,780 NET INCOME 14,998 RECONCILIATION OF FUNDS Total funds brought forward 226,963 TOTAL FUNDS CARRIED FORWARD 241,961 |
Restricted funds £ - - - - - - - - - - - |
2023 Total funds £ 16,759 8,454 1,565 26,778 20 11,676 84 11,780 14,998 226,963 241,961 |
2022 Total funds £ 144,473 3,042 34 |
|---|---|---|---|
| 147,549 | |||
| 20 22,237 244 |
|||
| 22,501 | |||
| 125,048 101,915 |
|||
| 226,963 |
The notes form part of these financial statements
Page 4
League of Friends of Derriford Hospital
Balance Sheet 30 April 2023
| Unrestricted fund Notes £ CURRENT ASSETS Cash at bank 242,904 CREDITORS Amounts falling due within one year 7 (943) NET CURRENT ASSETS 241,961 TOTAL ASSETS LESS CURRENT LIABILITIES 241,961 NET ASSETS 241,961 FUNDS 8 Unrestricted funds TOTAL FUNDS |
Restricted funds £ - - - - - |
2023 Total funds £ 242,904 (943) 241,961 241,961 241,961 241,961 241,961 |
2022 Total funds £ 227,906 (943) 226,963 226,963 226,963 226,963 226,963 |
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. K Heyes - Trustee
The notes form part of these financial statements
Page 5
League of Friends of Derriford Hospital
Notes to the Financial Statements for the Year Ended 30 April 2023
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.
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.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
2. OTHER TRADING ACTIVITIES
| 2. | OTHER TRADING ACTIVITIES | ||
|---|---|---|---|
| 2023 | 2022 | ||
| £ | £ | ||
| Book shop | 6,658 | 1,388 | |
| Collecting boxes | 905 | 828 | |
| Membership and Gift Aid | 284 | 178 | |
| Christmas & Easter raffles | 607 | 648 | |
| 8,454 | 3,042 | ||
| 3. | INVESTMENT INCOME | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Deposit account interest | 1,565 | 34 |
Page 6
League of Friends of Derriford Hospital
Notes to the Financial Statements - continued for the Year Ended 30 April 2023
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 April 2023 nor for the year ended 30 April 2022.
Trustees' expenses
No expenses were paid for the year ended 30 April 2023 (2022:£NIL).
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 144,473 Other trading activities 3,042 Investment income 34 Total 147,549 EXPENDITURE ON Raising funds 20 Charitable activities Equipment purchases and support costs 22,237 Other 244 Total 22,501 NET INCOME 125,048 RECONCILIATION OF FUNDS Total funds brought forward 101,915 TOTAL FUNDS CARRIED FORWARD 226,963 |
Restricted funds £ - - - - - - - - - - - |
Total funds £ 144,473 3,042 34 |
|---|---|---|
| 147,549 | ||
| 20 22,237 244 |
||
| 22,501 | ||
| 125,048 101,915 |
||
| 226,963 |
Page 7
League of Friends of Derriford Hospital
Notes to the Financial Statements - continued for the Year Ended 30 April 2023
6. EQUIPMENT PURCHASES
During the year the League purchased equipment and facilities to the value of £10,013 (2022:£20,578) for use within Derriford Hospital.
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other creditors 8. MOVEMENT IN FUNDS Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund TOTAL FUNDS |
At 1.5.22 £ 226,963 226,963 Incoming resources £ 26,778 26,778 At 1.5.21 £ 101,915 101,915 |
2023 2022 £ £ 943 943 Net movement At in funds 30.4.23 £ £ 14,998 241,961 14,998 241,961 Resources Movement expended in funds £ £ (11,780) 14,998 (11,780) 14,998 Net movement At in funds 30.4.22 £ £ 125,048 226,963 125,048 226,963 |
|---|---|---|
Page 8
League of Friends of Derriford Hospital
Notes to the Financial Statements - continued for the Year Ended 30 April 2023
8. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 147,549 147,549 |
Resources Movement expended in funds £ £ (22,501) 125,048 (22,501) 125,048 |
Resources Movement expended in funds £ £ (22,501) 125,048 (22,501) 125,048 |
|---|---|---|---|
| 125,048 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.5.21 £ 101,915 101,915 |
Net movement in funds £ 140,046 140,046 |
At 30.4.23 £ 241,961 |
|---|---|---|---|
| 241,961 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 174,327 | (34,281) | 140,046 |
| TOTAL FUNDS | 174,327 | (34,281) | 140,046 |
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 April 2023.
Page 9
League of Friends of Derriford Hospital
Detailed Statement of Financial Activities for the Year Ended 30 April 2023
| INCOME AND ENDOWMENTS Donations and legacies Donations & legacies Other trading activities Book shop Collecting boxes Membership and Gift Aid Christmas & Easter raffles Investment income Deposit account interest Total incoming resources EXPENDITURE Other trading activities Raffle expenses Charitable activities Equipment purchases and patient support Patients' Christmas gifts Chapel flowers Other Rates Support costs Finance Bank charges Governance costs Postage and stationery Accountancy and legal fees Volunteers' insurance Total resources expended Net income |
2023 £ 16,759 6,658 905 284 607 8,454 1,565 26,778 20 7,597 1,916 500 10,013 84 76 138 984 465 1,587 11,780 14,998 |
2022 £ 144,473 1,388 828 178 648 |
|---|---|---|
| 3,042 34 |
||
| 147,549 20 18,590 1,488 500 |
||
| 20,578 244 103 188 984 384 |
||
| 1,556 | ||
| 22,501 | ||
| 125,048 |
This page does not form part of the statutory financial statements
Page 10