THE LEAGUE OF FRIENDS OF SALISBURY HosprrAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 CHARITY NO: 298726 CONTENTS Pago Legal and administralNe Information TTU5tees annual report RetK)rt of the independent examiner Statement of financial activities Balance sheet Notes fomiing part of the financtal statements 8-14 FLETCHER & PARTNERS CHARTERED ACCOUNTANTS SALISBURY
Pag8 1 THE LEAGUE OF FRIENDS OF SALISBURY HosprrAL LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2023 Roglst8r8d Charlty nUMr 298726 R¢gi$ter¢d Address Salisbury Dislrict Hospital Sallsbury SP2 8BJ Trustè8s B Benley G Blenkinsop N Brookes J Dalton C Goodyèar T Grant Ivice Chalmian)" A James (Treasurer} M Monnirwn (Chaim18n) A Rl¢kett$ L Self R TaOr G B Todd (WI Chalrman)" (resigned 21 June 20231 D Stratton (Chaimi8n until 20 September 2023) . Wi¢e Chalrman charwJed on 21 June 2023 (reslgned 27 S8plomb8r 20241 (apsy)inted 20 Sept8mbèr 2023} Socretary Ecox SollcltOTS TthoW8n$ London Fioad Offlc& Park LondDn Road Salisbury SP13HP Independent Exarnlner Mr G DThomas FCA Fletcher & Pathers Crown Chambers Bridge Street Salisbury SP12LZ Banker¥ Lloyds Bank PLC 38 Blue Boar Row Salisbury SP11DB Insurance Agent Attend 11-13 Cavendish Square London W1GOAN
Page 2 THE LEAGUE OF FRIENDS OF SALISBURY HosprrAL TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The Trusltres pSent this report together wlh the finanual slalements of the Charity for the y8ar ended 31 December 2023. The financial statements hav8 been prepared in accordance with the accounting policies set out on pages 8 and 9 and comply wilh Ihe Charity's governing dUThent, the Charities Act 2011,the Financial Reporting Standord applicable in the United Kingdom and Republic of Ireland IFRS 1021, and Accounting and Rep¢rting by Charities.. Statement of Recommended Pracllc6 appllcable lo charities preparing their accounts in accordance wlh the Financ(al R8POrtlng Standarcl applicable in the UK and RepublK of Ireland effective from 1 January 2019.. STRUCTURE, GOVERNANCE AND MANAGEMEKr The Charity is an unlncorporated association founded In 1954. The po5ent governing document is the Constitution dated 27 May 2008, as amende(l on 2 December 2008. Trustees Trustees are appointed at the Annual Gener81 Meeting but may be co-opted durlng the 2r to serve until the next meeting. As part of the revision of the main objects clause of the conslTtution, Dur Iruslees hav8 lo retire by rotation (althou h, the an be re-elecledl and four elected. A new chairman has lo. also, bg elected. The constit]0 al ows fi en trustees. The Charity Seeks to appoint trustees with a wde range of talents to assist in achlgvlng Ils obJecllves. Organlsatlon The trustees meet fomially four times a year with infomial meetings between some or all of them a$ reqUed. Th& subsidiary company, Salisbury Hospllals Friends Shop Limit. runs the shop at Sallsbury District Hosp5tal and donatss any profits to the Charfty. Risk Management The Trustees consid8r the major risks which th8 Charity lace and confimi that systems have been developed lo monitor and control these Nsks lo mitigate any impact they may have on the Charity in the future. In particular they monitor the perfOan of the Shop by means of three-monthly trading roports and by the board of tho company beirtg wholly comprised of trustees of the charity. OBJECTS AND ACTIVITIES The object of the Charity shall lo relieve patients and fomier patients of the Salisbury Hospltal and other Heatth Care facilities wthin the local area served by that Hospital who a sick, convalescent. disabled, handicapped, infirrn or in need of assistan and gonerally ID support the charrtable work of the Hospital and the Health Care facilities within the local area. In exercising their powers or duties, th6 Trustees have (#)mplled wtth thelr duty to have due regard tri the guidance publlshed by the Charity Commission on public benefft. In ord8r lo further these objects, the Charity promotes ils name in order to encoura9e grfts and1ega¢io5, It has stron Through t links wlh the Hospital and makes departments abyare of Ihe potentsal availabilty of funds. e subsidiary company, rt niTIS a shop at the Hosprtal.
Page 3 THE LEAGUE OF FRIENDS OF SALISBURY HOSPITAL TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 (continued) ACHIEVEMENTS AND PERFORMANCE Direct cost of grants made during the year totalled £38,207 (2022 £44,855). Thls year the major grant was for a Strob8 Light Source for the Speech and Language Department. FINANCIAL REVIEW The Charitls income is derived from three main sources ". SubsptlonS and donallons L¢ga¢les Income from investments The Charitls total income in 2023 vras £56,080 {2022 £40,965} including £nil legacy income12022 £5,191). Total expenditure was £42,62812022 £49,447), of which the éirect cost of charitabl8 activi1188 totalled £38,207 (2022 £44,855). Ninoty two percent of the cosl of charTtable activitses12022 930fi) vras spent directly on grants made lo institutions supporbng patients and former patients of the Salisbury Hospital and other Health Care facilities wthin the local area. The surplus for the year before net gains and losses on investments was £13,452 12022 deficit £8,482). In 2023 the turnover of The Salisbury Hospitals Friends Shop Limited was £78.764 {2022 £57,900} and profit for the year was £44.959 (2022 profit of £31,498} . The total of gift payments to The League of Frier)ds of Salisbury HOSpal was £47.(JJO (2022 £28,OiKJ}. For further details refer lo Note g of the accounts. Investment Pollcy The Irustees invest for low risk and maximum incom8, through fix1 tM d8posits and collective investment funds.. R9$9rvg8 Policy The trus19es seek to hold suFficient reserves to meet expected Gommitments for the ensuing e1ve months and where applicable to build up funds towards planned major charitable expenditure. The balance on the Unrestricted Fund al the end of the year st(M)d at £261.46712022 £239,959) and the balarwE on the RestriGled Fund stood at £1,16512022 £1,165>. Funds held in the Restrided Fund were spe¢ifi¢ally donated towards the cardiaclcoronary care untl. PLANS FOR FufuRE PERIODS The Charity will contlnue to encourage sources of funds and to spend on its objectives as nee(led and posslble.
Page 4 THE LEAGUE OF FRIENDS OF SALISBURY HosprrAL TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 (continued) TRUSTEES, RESPONSIBILrriES IN REiATION TO THE FINANCIAL STATEMENTS The Iruslees are responsible for prnparing the Trustees. Annual Report and the financial slalemenls in accordance with applicable law and United Kingdom A¢¢ounUng Standard$ {Unlted Kingdom Generally Accept8d Accounting Practic8). The law applicable to charities In England and Wales requires the chartty trustees to prepare Inancial slalemenls for each year which give a true and fair view of the slate of affairs of the charity and of the incoming resources and application of resources, ol the charity for that period. In preparing the financial ststem8nts, th8 truslees are required to". 5eleGt suilable a(xounting policies and appty th&m consist8nty,' obseTV8 the methods and principles in the applicable Charities SORP.. make juégements and esUmates that are reasonable and prudenL State whether applicable a¢¢ountlng standards have been followed, subject to any material departuies that must be disclosed and explalned in the financial statements.. prepar6 Ihg financial statements on the going ¢oncem basis unless it Is Inappropriate lo pr8sume that the charity will continue in busln&ss. The trustees are responsible for keeping proper accounting re¢ords thal dls¢lose wllh reasonable accuracy at any time the finala1 posilion of the chanty and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charlties {Accounts and Reports) Regulations. and the provisions of the charlly's schemes. They are also responsible for safegLJarding the as5els of the charlty and laklng reasonable steps for the prtvenlion and detection of fraud and other irregularities. Approved by the Board of Trustees on 301h October 2024 and signed on thelr behalf by A James ffreasurerl
Page 5 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE LEAGUE OF FRIENDS OF SALISBURY HOSPITAL I report to the Iruslee$ on my examlnatlon of the financial Statements of The League of Frfend$ of Sallsbury Hospita11th8 Charity) for the year ended 31 December 2023, which are set on pages 6 to 14. Responsibilities and basis of report As the charity trustees of th8 Charity you are r8sponsibl8 for the preparan of the financial statements in accordance wlh the requirements of the Chartties Act 2011 ('the Acf). I report in respect of my exaTnination of th& Chariws financial statemeni3 carried out under section 145 Df the 2011 Acl, and in carTring rny examination I have folllwded all the applicable Directions gNen by the Charity Commission under section 145(5llbl of the 2011 Act. Independent examlnofs statemont I have completed my examination. I confirm that no material matters have come to my attention In connection with th8 examination giving m8 caus8 to b81i8V8 that in ary mal6rial respect: {1) accounting records were not kept in respect of th8 Charity as required by section 130 of the Act.. or (21 the finaal statements do not accord wth those re¢ords,' or (31 the financial StateentS do not (xjmpty wth the applicable requirements Concerning the form and conl8nl of financial slal8ments sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statement5 gwe a'tNe and fair vi* which is riot a matter considered as part of an independent examination. I have no concerns and have come auoss no other matters in connection ¥th the examination to which allenlion should be drawn in this report in order to enable a proper understanding of the financial slalements lo be reached. Signe Geoffrey Thomas Mr G D Thomas FCA Fletcher & Partners Crown Chambers Bridge Street Salisbury SP12LZ Date: 30th October 2024
PwJ8 6 THE LEAGUE OF FRIENDS OF SALISBURY HOSPITAL STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 Unrostrktgd Rgstrlctod Funds Funds Total 2023 Total 2022 INCOME FROM: Donallons and 18gad8S Investments 5,S35 5,635 50,445 11,617 29,348 TOTAL INCOME S6,080 56,080 40,965 EXPENDITURE ON: Fundralslng St$ Grants mado 1,224 41,404 1,224 41,404 1,462 47,985 TOTAL EXPENDrruRE 42.628 42,628 49,447 NET INCOMEIIEXPENDITURE) baforè nat gainsllloss&sl Dn inv8stm8nts 13.452 13.452 18,4821 Net rèallsed galns / Ilossèsl on Investments Net unrgalised gainslllossosl on investments 820 7.236 7.236 19,8121 NET INCOMEI(EXPENDITUREI AND NET MOVEMENT IN FUNDS 21.508 21,508 118,2941 RECONCILIATION OF FUNDS: Total funds brOhtfOrwayd 14. 15 239.959 1.165 241,124 259,418 Total fund8 Carrled forward 14, 15 261,467 £ 1,165 £ 262,632 £ 241,124 The notes on pages 8 to 14 fonn part ofthese aco)unts
Pay& 7 THE LEAGUE OF FRIENDS OF SALISBURY HOSPITAL BALANCE SHEEr AS AT 31 DECEMBER 2023 Note 2023 2022 FIXED ASSETS: Investments 197,284 189,749 CURRENT ASSETS: Debtors Cash at bank and in hand TOTAL CURRENT ASSETS 10 594 135,981 136.575 837 96.779 97.616 LIABILITIES: Creditors: amounts falling due thln one year 11 (71.227) {46.241 NET CURRENT ASSETS 65.348 51,37S TOTAL ASSETS LESS CURRENT LIABILrriES 262,632 241,124 Creditors.. amounts falling due in more thall one year 12 TOTAL NET ASSETS OR LIABIL lEs 262.632 241,124 THE FUNDS OF THE CHARITY: Restrl¢tad In¢om& funds 14 1,165 1,165 Unrestrlcted funds 15 261,467 239,959 TOTAL CHARrrY FUNDS 262,632 241,124 Approved by the Board of Trustees on 30th October 2024 and signed on Iheir behalf by A James (Treasurer) The notes on pa&S 8 to 14 form part of these a(xounts
Page 8 THE LEAGUE OF FRIENDS OF SALISBURY HOSPITAL NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 1. PRINCIPAL ACCOUNTING POLICIES a) A¢countlng conventlon The finarcial statements of the Charity aro prepared in accordance with the Ststernenl of Recommended Practice.. Accountlng and Reporting by Charities preparing tkneir accounts with the Finarfial Reporbng Standard applicable in the UK and Republic of Ireland (FRS 102) effective from 1 January 2019, Ihp Finan¢lal Reporting Standard applicable in the Uniled Kingdom and R8public of Ireland (FRS 1021 and Ihg Charities Act 2011. These financial statem8nls are drawn up on the historical c051 accounting basi5 Wlth items recogni8ed at cost or transaction valu8 unless oth8rws8 slated in the rel6vanl notels) to these financial slalements. The Charlty constitute8 a public benefit entity as defined by FRS 102. The Charfty is an unlncorporaled association founded in 1954. The present goveming document is the Constitution dated 27 May 2(M)8, as amended on 2 December 2(KJ8. The Iruslees consider that there ar8 no material uncertainties about tho Charity's abilty to coritinue as a going concern. With respect to the next reporting period, year ended 31 December 2023, th8 most signffiGanl areas of uncertainty Ihat affect the carrying value of assets held by th8 Charlty ar8 the levels of return on inveslrnent and the perfomiance of investment mark8ts. bl Funds structure Unrestricted funds comprfse those fiJnd8 which the trustees are free ID use In actordance with the charltabl6 objects. r<8slricted funds ar8 fvnds whi¢h are to be used in accordance with specific restrirtions imposed by tho donor. c) Incom8 rBcognltlon All incomin resources are accounted for when the charty has entitlement to the income, there is SLrffici6nt certainl receipt and so it is probable thal the income will be recèlved. and the amount of income receiva e can be measured reliably. Donations are recogni5ed when rec2ived. For legacies, entillernenl is taken a5 the eadier of the d8te on which the estate is finalised or when a distribution is recelved from the eslatg. Whgre rnalerial legacies have been notrfied but the rgquirements of income recognrtion hav8 not been mel, the details of the legacy are disdosed. Gfft aid receipts from the subsidiary are accounted for as investment inctsrne (distributions to the owners) and recognised Nthen they beGome legally payable. d) Exp8nditurB recDgnition Liabilities are recognlsed as expendtture as soon as there is a legal or constructive obligation comrnilling the charity to that expendtture, it is probable that setllemenl will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accnjals basis. Grants rrade are recognised when the offer to contribute towards the cost of purchasing an item of equipmenl or a service Is conveyed to the recipient. providing the amount ¢2n be measur8d reliably al that point. If the amount ¢annot be determined reliably at Ihat point tho grant is recognised when the ben8ficiary requesls the funds lo be paid over. e} Support costs Support costs have been dtFferentiated between vernance costs and other supwrt costs. Governance osls comprise all costs involving the public accountability of the charity and its compliance with regulation and WDd pracli(x. These costs include costs related to the independent examination. n Charftable activities Costs of Charitable a¢tMle$ indude grants 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 2023 1. PRINCIPAL ACCOUNTING POLICIES (Contlnued) g) Flxgd Ass?t Invgstmgnts Investments in ChaTitable common investment funds are initially wognised al their transaction cost and subsequently measured at fair value at the Balance sheet date. Investment gains and losses, whelh8r realisèd or unrealised, are combined and shown in the heading 'Net gainsjllosses) on investments, In the Statement of financial activities. The investment in the subsidiary is Stated at historical cost. h} Reallsed galns and losses Al gains and losses are taken lo the Statement of Finawal Actiwties as they arlse. Realised gains and losses on investments are calculated as the difference belween the sale proceeds ane opening Market value lor purchase dale rf lalerl. Unrealised gains and losses are calculateé as the difference between the Tnarket value at the year end arHI opening market value lor purchase date rf later). il Debtors Debtors are recognised at the aTnounts the charity anticipates it wll receTge from a d&bl or th8 arnounl It has paid in advance for goods and servrces. J) Cash at bank and In hand Cash at b8nk and in hand indudas cash and cash on d&poslt wllh a short maturity of less than thrae months. kl Llabllltles Liabilities are recognised at the amounts the charity anticipates li wll pay to settle a debt or the amount il has recelved as an advance payThenl lor goods or SeTvices it must provide. l) Non consolldatlon of 8ubsldlary The total gross income of the charity and tis subsidry, Salisbury Hospitals Friends Shop Ltd, is below the 51alulory threshold for preparing consolidated accounts. The charity has therefore not prepared consolidated accounts. The results and reseTves of the Subsidiary company are disclosed in NDle 9. ml Financial instruments The charity only ha8 financial assets and liabilities of a kir that qua;fy as basic financial instruments. Llsled InvestTnents are initially recogiised al their transaction value and subsequenuy measured al their falr value. All the other financial instruments are Inrtially recognised at tr8nsactiorb value and subsequently measured at their setuement value. 2. INCOME FROM DONATIONS AND LEGACIES 2023 2022 Subscriptions and donations Donations in memory Legacies 5,635 6,426 5,191 11,617 5,635 £ 3. INCOME FROM INVESTMEKrs 2023 2022 Investment in(xJme Divid8nds and interest Salisbury Hospital Friends Shop Limited - grfl aid receipts 3,445 1,348 47,000 28,000 50,445 £ 29,348
Page10 THE LEAGUE OF FRIENDS OF SALISBURY HOSPITAL NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 FUNDRAISING EXPENSES 2023 2022 Investment management expenses 1,224 1,224 1,462 1,462 COST OF GRANTS MADE 2023 2022 Grants mad& {dIcl Sts} Support costs 38,207 3,197 41,404 44,855 3,130 47,985 (Note 6} Al grants made in 2023 and 2022 were to Salisbury NHS Foundation Trust. SUPPORT COSTS Total Goveman¢o Other support Support costs ¢osts costs 2023 THIS YEAR Administrative costs Independent examinerfs remuneration 1.685 1,685 1,512 3,197 1,512 1,512 £ 1,685 LAST YEAR Total Govemance Other support Support costs 2022 Adminislralive Bosts Independent examin6V5 remuneration 1,060 1,060 2.070 3,130 2.070 2,070 £ 1,060 INDEPENDENT EXAMINER'S REMUNERATION 2023 2022 Net Incornellexpenditureifor the year L% stated after chargirvJ: . Independgnt examiners, reTnuneralion for independent examination SeNiS for other services 800 712 1,512 1,270 2,070 RELATED PARTY TRANSACTIONS, TRUSTEES. EXPENSES AND REMUNERATION AND KE MANAGEMENT PERSONNEL The Iruslees received no reMUneraOn or other beneffts (2022 - £nill and were not reimbursed for any of their expenses In the year {2022- £nil>. The charity Gonsiders its key management rSonnel comprise the trustees. During the year the charty had a current account vith its wholly ovmed subsidiary Salisbury Hospitals Friends Shop Lim led. At 1 January 2023 the charlly wa5 owed £636 by th8 subsidiary. Donations to the value Df £466 were re¢elved In the shop for the benefit of the charty which were debited to this account. The balance at the year end on the cuent account was £nil as the subsldEary paid all funds due lo the charity by the year end. The lotal of all gift aid receipwinveslment income from the subsidiary to th8 charTty in the year was £47,000 (2022 - £28,000}.
Page11 THE LEAGUE OF FRIENDS OF SALISBURY HOSPITAL NOTES FORMING PART OF THE FINANCtAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 g. FIXED Ass INVESTMENTS Charitable antt collgctlvo Investment funds at valuation Inv¢stment In subsldlary at cost Cash deposits Total Cost or valuallon as at 1 January 2023 Additions Disposals proceeds Galnl(lossl in the year Cost or valuatlDn as at 31 D8C8mber 2023 122.808 26.970 (26,671) 7,236 130.343 66.939 189,749 26,970 (26.671 J 7,236 66,939 £ 197,284 Inve8tment In subsidiary Thg charity the whole of the ordinary share capitsl. consisling of 2 ordinary shares of £1 eath, of Salisbury HDspiL91s Friends Shop Limited, which is incoTPOTaled in the UK Ictsmpany number 023176351 . The address of its registered office is Crown Chambers. Brldge Street, Sallsbury. Wiltshire, SP1 2LZ. The principal a¢tivty of the company is th8 operation of a shop at Salisbury Di8tricl Hospltal. the profits of which are paid to th8 oharity. The shop provides a presence in the hosprtal that vthld otheSe be lacking and which, th8 trusle8s believe, has contributed slgnlfl¢anly to the Wuesl of legacies lo the charity over the years. The assets and liabililles of the subsidiary wer8.. 2023 2022 Tangible fixed assets Current assets 2,283 1,351 13,800 16,299 16.083 17,650 {2,3101 {1,8361 13,773 £ 15,814 Creditors., amounts falling due wthin one year Representing.. Share capital (allotted, called and fulty paid) Profil and loss account 13,771 15,812 13,773 £ 15,814 The summarised results of the subsidlary were: 2023 2022 Tumover Expenditure PTofitl(Lossl for the year 78.764 57,900 133.805} 2e,402) 44,959 £ 31,498 Glft aid donation to parent charity 47,000 £ 28,000 Charftable common investrnont funds and collectlve Investment funds Th8 investments are Caled at their fair value The basis of fair value is equivalent lo the market value. using the bld price. The main risk to the Charity from financial instruments lies in the combination of uncertain inv651menl markets and volatlllty in eld. Cash deposlts Natlonal Savings Income Bond CAF Fixed Term Deposit 2023 2022 42,000 42,000 24,939 24,939 66 939 £ 66 939
Pag8 12 THE LEAGUE OF FRIENDS OF SALISBURY HOSPITAL NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 10. DEBTORS 2023 2022 Amounts owed by subsidiary Prepayments and accrued income 636 201 837 594 594 £ 11. CREDITORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 2023 2022 Aocruals for grants paydble Other accruals and defeed incom& 68,275 2,952 71,227 44,801 1,440 4e,241 12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2Q23 2022 AGGruals for grants payable 13. MOVEMENT IN FUNDING COMMITMENTS FOR GRANTS DURING THE YEAR Grant commllments recognised as al 1 January 2023 New grant ctsmmttments charged to the SOFA in year jsee Note 41 Grants paid during the year Grant commitments recognised as at 31 Decembor 2023 44,801 38,207 14,733 68,275 14. MOVEMENTS ON RESTRICTED FUNDS Cardiacj coronary care unil fund THIS YEAR Total Fund balances a11 January 2023 Income Expendtture Fund balances at 31 December 2023 1,165 1,165 1.165 1,165 Cardlaclcoronary care unlt fund - These futmls were donated specifically towarés the cardlad Coronary care unil. Cardiacl coronary care unit fund LAST YEAR Total Fund balanGe5 at 1 January 2022 Income Expenditure Fund balances at 31 December 2022 1,165 1,165 1,165 1,165
Page13 THE LEAGUE OF FRIENDS OF SALISBURY HOSPITAL NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 15. MOVEMENTS ON UNRESTRICTED FUNDS THIS YEAR Fund balances at 1 January 2023 Income Expenditure Gainllloss) in the year Fund balances at 31 0mber 2023 239,959 56,080 {42,628) 8,056 261,467 LAST YEAR Fund balan$ al 1 January 2022 Income Expenditure Gainl{lossl in the year Fund balances at 31 December 2022 258.253 40.965 (49,447) 9.812 239,959 16. ANALYSIS OF NET ASss BEIWEEN FUNDS At 31 December 2023 Unrestrlcted Funds Restrfcted Funds Total 2023 Flxed asset invèstments Current assets Debtors Cash at balk and in hand Creditors.. amounts falling due within one year 197,284 197,284 594 135,981 171,227) 134,816 (71.227) 1,165 261,467 1.165 262,632 At 31 Decemb9r 2022 Unrestricted Funds R8strlcted Funds Total 2022 Fixeé asset Investments Curr8nl assets Debtors Cash al bank and in hand Creditors.. amounts falling due within one year 189,749 189,749 837 95,614 (46,241) 837 96,779 {46,2411 1.165 239.959 1.165 241,124
Page14 THE LEAGUE OF FRIENDS OF SALISBURY HOSPITAL NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 17. FINANCIAL INSTRUMENTS Notes 2023 2022 Financiaf assets measured at fair value through profrt and loss.. Investments helé at fair value 130,343 £130,343 122,808 £122.808 Income, expense, gains or losses, includir4J changes in fair value, reCognisl on.. Gainsl{L05se5) on Financial assets measured at fair value Inv8stmenl income {dividends) 8,056 19,812} 3,445 £11.501 1.348 8,464 18. CONTINGENT ASSET In 2019 the charity was notified of a legacy in which ft was bequeathed a share of a property together th one other beneficiary. 11 has now been confirmed that the chariV5 total share is 100Yo after the other benefiGiary renounced their share. The legacy is subject to the interest of a Ilfe tenant and is not recognised In these financial stalem8nls.