## **THE LEAGUE OF FRIENDS OF SALISBURY HOSPITAL**
## **REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2022**
## **CHARITY NO: 298726**
## **CONTENTS**
## **Page**
||1|Legal and administrative information|
|---|---|---|
|2|- 4|Trustees annual report|
||5|Report of the independent examiner|
||6|Statement of financial activities|
||7|Balance sheet|
|8|- 14|Notes forming part of the financial statements|
## **FLETCHER & PARTNERS**
## **CHARTERED ACCOUNTANTS**
## **SALISBURY**
Page 1
**THE LEAGUE OF FRIENDS OF SALISBURY HOSPITAL LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2022**
|**Registered Charity number**|298726||
|---|---|---|
|**Registered Address**|Salisbury District Hospital||
||Salisbury||
||SP2 8BJ||
|**Trustees**|B Bentley||
||G Blenkinsop||
||N Brookes||
||J Dalton|(appointed 8 June 2022)|
||C Goodyear||
||T Grant (Vice Chairman) *||
||A James (Treasurer)||
||T Merrifield|(resigned 14 December 2022)|
||M Monnington (Chairman)|(appointed 20 September 2023)|
||A Ricketts||
||L Self||
||M Smith|(resigned 8 June 2022)|
||R Taylor||
||H Wilding|(resigned 14 December 2022)|
||G B Todd (Vice Chairman) *|(resigned 21 June 2023)|
||D Stratton (Chairman until 20 September 2023)||
||* Vice Chairman changed on 21 June 2023||
|**Secretary**|E Cox||
|**Solicitors**|Trethowans||
||London Road Office Park||
||London Road||
||Salisbury||
||SP1 3HP||
|**Independent Examiner**|Mr G D Thomas FCA||
||Fletcher & Partners||
||Crown Chambers||
||Bridge Street||
||Salisbury||
||SP1 2LZ||
|**Bankers**|Lloyds Bank PLC||
||38 Blue Boar Row||
||Salisbury||
||SP1 1DB||
|**Insurance Agent**|Attend||
||11-13 Cavendish Square||
||London||
||W1G 0AN||
Page 2
## **THE LEAGUE OF FRIENDS OF SALISBURY HOSPITAL TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2022**
The Trustees present this report together with the financial statements of the Charity for the year ended 31 December 2022. The financial statements have been prepared in accordance with the accounting policies set out on pages 8 and 9 and comply with the Charity's governing document, the Charities Act 2011,the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), and 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 effective from 1 January 2019.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The Charity is an unincorporated association founded in 1954. The present governing document is the Constitution dated 27 May 2008, as amended on 2 December 2008.
## **Trustees**
Trustees are appointed at the Annual General Meeting but may be co-opted during the year to serve until the next meeting. As part of the revision of the main objects clause of the constitution, four trustees have to retire by rotation (although, they can be re-elected) and four elected. A new chairman has to, also, be elected. The constitution allows fifteen trustees.
The Charity seeks to appoint trustees with a wide range of talents to assist in achieving its objectives.
## **Organisation**
The trustees meet formally four times a year with informal meetings between some or all of them as required.
The subsidiary company, Salisbury Hospitals Friends Shop Limited, runs the shop at Salisbury District Hospital and donates any profits to the Charity.
## **Risk Management**
The Trustees consider the major risks which the Charity face and confirm that systems have been developed to monitor and control these risks to mitigate any impact they may have on the Charity in the future. In particular they monitor the performance of the shop by means of three-monthly trading reports and by the board of the company being wholly comprised of trustees of the charity.
## **OBJECTS AND ACTIVITIES**
The object of the Charity shall be to relieve patients and former patients of the Salisbury Hospital and other Health Care facilities within the local area served by that Hospital who are sick, convalescent, disabled, handicapped, infirm or in need of assistance and generally to support the charitable work of the Hospital and the Health Care facilities within the local area.
In exercising their powers or duties, the Trustees have complied with their duty to have due regard to the guidance published by the Charity Commission on public benefit.
In order to further these objects, the Charity promotes its name in order to encourage gifts and legacies. It has strong links with the Hospital and makes departments aware of the potential availability of funds. Through the subsidiary company, it runs a shop at the Hospital.
Page 3
## **THE LEAGUE OF FRIENDS OF SALISBURY HOSPITAL TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2022**
(continued)
## **ACHIEVEMENTS AND PERFORMANCE**
Direct cost of grants made during the year totalled £44,855 (2021 £21,757). This year the major grant was for Improving Wellbeing Spaces £40,000.
## **FINANCIAL REVIEW**
The Charity's income is derived from three main sources :
Subscriptions and donations Legacies Income from investments
The Charity's total income in 2022 was £40,965 (2021 £18,583) including £5,191 legacy income (2021 £nil). Total expenditure was £47,985 (2021 £39,983), of which the direct cost of charitable activities totalled £44,855 (2021 £37,114). Ninety three percent of the cost of charitable activities (2021 93%) was spent directly on grants made to institutions supporting patients and former patients of the Salisbury Hospital and other Health Care facilities within the local area. The deficit for the year before net gains and losses on investments was £8,482 (2021 deficit £21,400).
Due to the COVID-19 pandemic the Salisbury Hospital Friends Shop Limited, the subsidiary of the charity, stopped trading on 13 May 2020 and restarted again on 21 June 2021. Loss of earnings in the shop had a knock on effect on the Charity's income.
In 2022 the turnover of The Salisbury Hospitals Friends Shop Limited was £57,900 (2021 £28,924) and profit for the year was £31,498 (2021 profit of £18,791) . The total of gift aid payments to The League of Friends of Salisbury Hospital was £28,000 (2021 £12,000). For further details refer to Note 9 of the accounts.
## **Investment Policy**
The trustees invest for low risk and maximum income, through fixed term deposits and collective investment funds..
## **Reserves Policy**
The trustees seek to hold sufficient reserves to meet expected commitments for the ensuing twelve months and where applicable to build up funds towards planned major charitable expenditure. The balance on the Unrestricted Fund at the end of the year stood at £239,959 (2021 £258,253) and the balance on the Restricted Fund stood at £1,165 (2021 £1,165). Funds held in the Restricted Fund were specifically donated towards the cardiac/coronary care unit.
## **PLANS FOR FUTURE PERIODS**
The Charity will continue to encourage sources of funds and to spend on its objectives as needed and possible.
Page 4
## **THE LEAGUE OF FRIENDS OF SALISBURY HOSPITAL TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2022**
(continued)
## **TRUSTEES' RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS**
The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period. In preparing the financial statements, the trustees are required to:
- select suitable accounting policies and apply them consistently;
- observe the methods and principles in the applicable Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the charity's schemes. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Board of Trustees on 28 October 2023
and signed on their behalf by M Monnington(Chairman)
Page 5
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE LEAGUE OF FRIENDS OF SALISBURY HOSPITAL**
I report to the trustees on my examination of the financial statements of The League of Friends of Salisbury Hospital (the Charity) for the year ended 31 December 2022, which are set on pages 6 to 14.
## **Responsibilities and basis of report**
As the charity 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 2011 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:
- (1) accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
- (2) the financial statements do not accord with those records; or
- (3) the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements 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 financial statements to be reached.
Signed: Geoffrey Thomas
Mr G D Thomas FCA Fletcher & Partners Crown Chambers Bridge Street Salisbury SP1 2LZ
Date: 30 October 2023
Page 6
## **THE LEAGUE OF FRIENDS OF SALISBURY HOSPITAL STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022**
|**Note**
**INCOME FROM:**
Donations and legacies
2
Investments
3
**TOTAL INCOME**
**EXPENDITURE ON:**
Fundraising costs
4
Grants made
5
**TOTAL EXPENDITURE**
**NET INCOME/(EXPENDITURE)**
before net gains/(losses) on investments
Net gains/(losses) on investments
9
**NET INCOME/(EXPENDITURE) AND**
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS:**
Total funds brought forward
14, 15
**Total funds carried forward**
14, 15|**Unrestricted**
**Restricted**
**Total**
**Total**
**Funds**
**Funds**
**2022**
**2021**
11,617
-
11,617
5,709
29,348
-
29,348
12,874|
|---|---|
||40,965
-
40,965
18,583|
||1,462
1,462
-
47,985
-
47,985
39,983|
||49,447
-
49,447
39,983|
||(8,482)
-
(8,482)
(21,400)
(9,812)
-
(9,812)
4,116|
||(18,294)
-
(18,294)
(17,284)
258,253
1,165
259,418
276,702|
||239,959
£
1,165
£
241,124
£
259,418
£|
The notes on pages 8 to 14 form part of these accounts
Page 7
**THE LEAGUE OF FRIENDS OF SALISBURY HOSPITAL BALANCE SHEET AS AT 31 DECEMBER 2022**
|**Note**
**FIXED ASSETS:**
Investments
9
**CURRENT ASSETS:**
Debtors
10
Cash at bank and in hand
**TOTAL CURRENT ASSETS**
**LIABILITIES:**
Creditors: amounts falling due
within one year
11
**NET CURRENT ASSETS OR LIABILITIES**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
Creditors: amounts falling due
in more than one year
12
**TOTAL NET ASSETS OR LIABILITIES**
**THE FUNDS OF THE CHARITY:**
Restricted income funds
14
Unrestricted funds
15
**TOTAL CHARITY FUNDS**|189,749
99,950
837
1,176
96,779
196,495
97,616
197,671
(46,241)
(36,203)
51,375
161,468
241,124
261,418
-
(2,000)
241,124
£
259,418
£
1,165
1,165
239,959
258,253
241,124
£
259,418
£
**2022**
**2021**|189,749
99,950
837
1,176
96,779
196,495
97,616
197,671
(46,241)
(36,203)
51,375
161,468
241,124
261,418
-
(2,000)
241,124
£
259,418
£
1,165
1,165
239,959
258,253
241,124
£
259,418
£
**2022**
**2021**|
|---|---|---|
|||261,418
(2,000)|
|||259,418
£|
|||1,165
258,253|
|||259,418
£|
Approved by the Board of Trustees on 28 October 2023
and signed on their behalf by M Monnington (Chairman)
The notes on pages 8 to 14 form part of these accounts
Page 8
## **THE LEAGUE OF FRIENDS OF SALISBURY HOSPITAL NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **1. PRINCIPAL ACCOUNTING POLICIES**
## a) **Accounting convention**
The financial statements of the Charity are prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) effective from 1 January 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. These financial statements are drawn up on the historical cost accounting basis with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these financial statements.
The Charity constitutes a public benefit entity as defined by FRS 102. The Charity is an unincorporated association founded in 1954. The present governing document is the Constitution dated 27 May 2008, as amended on 2 December 2008.
The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern. With respect to the next reporting period, year ended 31 December 2023, the most significant areas of uncertainty that affect the carrying value of assets held by the Charity are the levels of return on investment and the performance of investment markets.
## b) **Funds structure**
Unrestricted funds comprise those funds which the trustees are free to use in accordance with the charitable objects.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor.
## c) **Income recognition**
All incoming resources are accounted for when the charity has entitlement to the income, there is sufficient certainty of receipt and so it is probable that the income will be received, and the amount of income receivable can be measured reliably. Donations are recognised when received. For legacies, entitlement is taken as the earlier of the date on which the estate is finalised or when a distribution is received from the estate. Where material legacies have been notified but the requirements of income recognition have not been met, the details of the legacy are disclosed. Gift aid receipts from the subsidiary are accounted for as investment income (distributions to the owners) and recognised when they become legally payable.
## d) **Expenditure recognition**
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 settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis.
Grants made are recognised when the offer to contribute towards the cost of purchasing an item of equipment or a service is conveyed to the recipient, providing the amount can be measured reliably at that point. If the amount cannot be determined reliably at that point the grant is recognised when the beneficiary requests the funds to be paid over.
## e) **Support costs**
Support costs have been differentiated between governance costs and other support costs. Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include costs related to the independent examination.
## f) **Charitable activities**
Costs of charitable activities include grants paid and support costs.
Page 9
## **THE LEAGUE OF FRIENDS OF SALISBURY HOSPITAL NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **1. PRINCIPAL ACCOUNTING POLICIES (Continued)**
## g) **Fixed Asset Investments**
Investments in Charitable common investment funds are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date. Investment gains and losses, whether realised or unrealised, are combined and shown in the heading 'Net gains/(losses) on investments' in the Statement of financial activities. The investment in the subsidiary is stated at historical cost.
## h) **Realised gains and losses**
All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between the sale proceeds and opening market value (or purchase date if later). Unrealised gains and losses are calculated as the difference between the market value at the year end and opening market value (or purchase date if later).
## i) **Debtors**
Debtors are recognised at the amounts the charity anticipates it will receive from a debt or the amount it has paid in advance for goods and services.
## j) **Cash at bank and in hand**
Cash at bank and in hand includes cash and cash on deposit with a short maturity of less than three months.
## k) **Liabilities**
Liabilities are recognised at the amounts the charity anticipates it will pay to settle a debt or the amount it has received as an advance payment for goods or services it must provide.
## l) **Non consolidation of subsidiary**
The total gross income of the charity and its subsidiary, Salisbury Hospitals Friends Shop Ltd, is below the statutory threshold for preparing consolidated accounts. The charity has therefore not prepared consolidated accounts. The results and reserves of the subsidiary company are disclosed in Note 9.
## m) **Financial instruments**
The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Listed investments are initially recognised at their transaction value and subsequently measured at their fair value. All the other financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
## **2.**
|**INCOME FROM DONATIONS AND LEGACIES**
Subscriptions and donations
Donations in memory
Legacies|**2022**
**2021**
6,426
5,709
-
-
5,191
-|
|---|---|
||11,617
£
5,709
£|
The sum of £11,617 received in 2022 (2021 - £5,709) relates entirely to unrestricted funds.
## **3.**
|**INCOME FROM INVESTMENTS**
Investment income
COIF Charities Investment Fund - dividends
Collective investment fund dividends and interest
National Savings Income Bond - interest
CAF Fixed Term Deposit - interest
Lloyds TSB Fixed Term Deposit - interest
Salisbury Hospital Friends Shop Limited - gift aid receipts|**2022**
**2021**
872
850
73
-
332
7
50
13
21
4
28,000
12,000|
|---|---|
||29,348
£
12,874
£|
The sum of £29,348 received in 2022 (2021 - £12,874) relates entirely to unrestricted funds.
Page 10
## **THE LEAGUE OF FRIENDS OF SALISBURY HOSPITAL NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **4. FUNDRAISING EXPENSES**
|Investment management expenses|**2022**
**2021**
1,462
-
1,462
£
-
£|
|---|---|
## **5. COST OF GRANTS MADE**
|Grants made (direct costs)
Support costs
(Note 6)|**2022**
**2021**
44,855
37,114
3,130
2,869
47,985
£
39,983
£|
|---|---|
All grants made in 2022 and 2021 were to Salisbury NHS Foundation Trust.
Of the £44,855 cost of grants made in 2022 (2021 - £37,114) £nil was charged to restricted funds (2021 - £nil) and £44,855 (2021 - £37,114) to unrestricted funds.
## **6. SUPPORT COSTS**
## **7.**
|**THIS YEAR**
Administrative costs
Independent examiner's remuneration
**LAST YEAR**
Administrative costs
Independent examiner's remuneration
**INDEPENDENT EXAMINER'S REMUNERATION**
Net income/(expenditure)for the year is stated after charging:
Independent examiners' remuneration
for independent examination services
for other services|**Governance**
**costs**
-
2,070|**Total**
**Other support**
**Support costs**
**costs**
**2022**
1,060
1,060
-
2,070|
|---|---|---|
||2,070
£|1,060
£
3,130
£|
||**Governance**
**costs**
-
1,650|**Total**
**Other support**
**Support costs**
**costs**
**2021**
1,219
1,219
-
1,650|
||1,260
£|1,219
£
2,869
£|
|||**2022**
**2021**
800
735
1,270
915
2,070
£
1,650
£|
## **8. RELATED PARTY TRANSACTIONS, TRUSTEES' EXPENSES AND REMUNERATION AND KEY MANAGEMENT PERSONNEL**
The trustees received no remuneration or other benefits (2021 - £nil) and were not reimbursed for any of their expenses in the year (2021 - £nil).
The charity considers its key management personnel comprise the trustees.
During the year the charity had a current account with its wholly owned subsidiary Salisbury Hospitals Friends Shop Limited. At 1 January 2022 the charity was owed £386 by the subsidiary. Donations to the value of £250 were received in the shop for the benefit of the charity which were debited to this account. The balance at the year end on the current account was £636 (included in debtors, see Note 9).
The total of all gift aid receipts/investment income from the subsidiary to the charity in the year was £28,000 (2021 - £12,000).
Page 11
## **THE LEAGUE OF FRIENDS OF SALISBURY HOSPITAL NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **9. FIXED ASSET INVESTMENTS**
|**FIXED ASSET INVESTMENTS**
Cost or valuation as at 1 January 2022
Additions
Disposals proceeds
Gain/(loss) in the year
Cost or valuation as at 31 December 2022|**Investment in**
**subsidiary**
**at cost**
2
-
-
-
2
£|**Charitable**
**and collective**
**investment**
**funds**
**at valuation**
33,009
122,561
(22,950)
(9,812)|**Cash**
**deposits**
**Total**
66,939
99,950
-
122,561
-
(22,950)
-
(9,812)
66,939
£
189,749
£|
|---|---|---|---|
|||122,808
£||
## **Investment in subsidiary**
The charity owns the whole of the ordinary share capital, consisting of 2 ordinary shares of £1 each, of Salisbury Hospitals Friends Shop Limited, which is incorporated in the UK (company number 02317635) . The address of its registered office is Crown Chambers, Bridge Street, Salisbury, Wiltshire, SP1 2LZ.
The principal activity of the company is the operation of a shop at Salisbury District Hospital, the profits of which are paid to the charity.
The shop provides a presence in the hospital that would otherwise be lacking and which, the trustees believe, has contributed significantly to the bequest of legacies to the charity over the years.
|The assets and liabilities of the subsidiary were:
Tangible fixed assets
Current assets
Creditors: amounts falling due within one year
Representing:
Share capital (allotted, called up and fully paid)
Profit and loss account
The summarised results of the subsidiary were:
Turnover
Expenditure
Profit/(Loss) for the year
Gift aid donation to parent charity|**2022**
1,351
16,299
17,650
(1,836)
15,814
£
2
15,812
15,814
£
**2022**
57,900
(26,402)
31,498
£
28,000
£|**2021**
609
13,350|
|---|---|---|
|||13,959
(1,643)|
|||12,316
£|
|||2
12,314|
|||12,316
£|
|||**2021**
28,924
(10,133)|
|||18,791
£|
|||12,000
£|
## **Charitable common investment funds and collective investment funds**
The investments are carried at their fair value. The basis of fair value is equivalent to the market value, using the bid price. The main risk to the Charity from financial instruments lies in the combination of uncertain investment markets and volatility in yield.
|**Cash deposits**
National Savings Income Bond
CAF Fixed Term Deposit|**2022**
42,000
24,939
66,939
£|**2021**
42,000
24,939|
|---|---|---|
|||66,939
£|
Page 12
## **THE LEAGUE OF FRIENDS OF SALISBURY HOSPITAL NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
|**10.**|**DEBTORS**||**2022**||**2021**|
|---|---|---|---|---|---|
||Amounts owed by subsidiary||636||386|
||Prepayments and accrued income||201||790|
|||£|837
|£|1,176
|
|**11.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||||
||||**2022**||**2021**|
||Accruals for grants payable||44,801||33,293|
||Other accruals and deferred income||1,440||2,910|
|||£|46,241
|£|36,203
|
|**12.**|**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE**|**YEAR**||||
||||**2022**||**2021**|
||Accruals for grants payable||-||2,000|
|||£|-
|£|2,000
|
|**13.**|**MOVEMENT IN FUNDING COMMITMENTS FOR GRANTS DURING**|**THE YEAR**||||
||Grant commitments recognised as at 1 January 2022||||35,293|
||New grant commitments charged to the SoFA in year (see Note 4)||||44,855|
||Grants paid during the year||||(35,347)|
||Grant commitments recognised as at 31 December 2022|||£|44,801
|
|**14.**|**MOVEMENTS ON RESTRICTED FUNDS**|||||
|||Cardiac/||||
||**THIS YEAR**|coronary|care|||
|||unit fund||Total||
||Fund balances at 1 January 2022||1,165||1,165|
||Income||-||-|
||Expenditure||-||-|
||Fund balances at 31 December 2022|£|1,165
|£|1,165
|
||**Cardiac/coronary care unit fund** - These funds were donated specifically towards the|||cardiac/|coronary|
||care unit.|||||
|||Cardiac/||||
||**LAST YEAR**|coronary|care|||
|||unit fund||Total||
||Fund balances at 1 January 2021||1,165||1,165|
||Income||-||-|
||Expenditure||-||-|
||Fund balances at 31 December 2021|£|1,165
|£|1,165
|
Page 13
**THE LEAGUE OF FRIENDS OF SALISBURY HOSPITAL NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **15. MOVEMENTS ON UNRESTRICTED FUNDS**
## **THIS YEAR**
|Fund balances at 1 January 2022
Income
Expenditure
Gain/(loss) in the year
Fund balances at 31 December 2022
**LAST YEAR**
Fund balances at 1 January 2021
Income
Expenditure
Gain/(loss) in the year
Fund balances at 31 December 2021|258,253
40,965
(49,447)
(9,812)|
|---|---|
||239,959
£|
||275,537
18,583
(39,983)
4,116|
||258,253
£|
## **16. ANALYSIS OF NET ASSETS BETWEEN FUNDS**
|**At 31 December 2022**
Fixed asset investments
Current assets
Debtors
Cash at bank and in hand
Creditors: amounts falling due
within one year
Creditors: amounts falling due
in more than one year
**At 31 December 2021**
Fixed asset investments
Current assets
Debtors
Cash at bank and in hand
Creditors: amounts falling due
within one year
Creditors: amounts falling due
in more than one year|**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds**
**2022**
189,749
-
189,749
837
-
837
95,614
1,165
96,779
(46,241)
-
(46,241)
-
-
-|
|---|---|
||239,959
£
1,165
£
241,124
£|
||**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds**
**2021**
99,950
-
99,950
1,176
-
1,176
195,330
1,165
196,495
(36,203)
-
(36,203)
(2,000)
-
(2,000)|
||258,253
£
1,165
£
259,418
£|
Page 14
## **THE LEAGUE OF FRIENDS OF SALISBURY HOSPITAL NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **17.**
|**FINANCIAL INSTRUMENTS**
Notes
**2022**
Financial assets measured at fair value through profit and loss:
Investments held at fair value
9
122,808
£122,808
Income, expense, gains or losses, including changes in fair value, recognised on:
Gains/(Losses) on Financial assets
9
(9,812)
measured at fair value
Investment income (dividends)
3
945
Interest on cash deposits
3
403
(8,464)
£|**FINANCIAL INSTRUMENTS**
Notes
**2022**
Financial assets measured at fair value through profit and loss:
Investments held at fair value
9
122,808
£122,808
Income, expense, gains or losses, including changes in fair value, recognised on:
Gains/(Losses) on Financial assets
9
(9,812)
measured at fair value
Investment income (dividends)
3
945
Interest on cash deposits
3
403
(8,464)
£|**2021**
33,009|
|---|---|---|
|||£33,009|
|||4,116
850
24|
||(8,464)
£|£4,990|
## **18. CONTINGENT ASSET**
In 2019 the charity was notified of a legacy in which it was bequeathed a share of a property together with one other beneficiary. It has now been confirmed that the charity's total share is 100% after the other beneficiary renounced their share. The legacy is subject to the interest of a life tenant and is not recognised in these financial statements.