THE LEAGUE OF FRIENDS OF SALISBURY HOSPITAL
REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024
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 |
| 15 | Grants made |
FLETCHER & PARTNERS
CHARTERED ACCOUNTANTS
SALISBURY
Page 1
THE LEAGUE OF FRIENDS OF SALISBURY HOSPITAL LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2024
| Registered Charity number | 298726 | |
|---|---|---|
| Registered Address | Salisbury District Hospital | |
| Salisbury | ||
| SP2 8BJ | ||
| Trustees | B Bentley | (resigned 24 June 2025) |
| J Dalton | (resigned 27 September 2024) | |
| G Blenkinsop | ||
| N Brooke | ||
| Dr R Frost | (appointed 11 December 2024) | |
| C Goodyear | ||
| J Gorzanski | ||
| T Grant (Vice Chairman) * | (resigned 27 September 2024) | |
| A James (Treasurer) | (resigned 27 September 2024) | |
| M Monnington (Chairman) | ||
| L Self | ||
| R Taylor | ||
| 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 2024
The Trustees present this report together with the financial statements of the Charity for the year ended 31 December 2024. 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 2024
(continued)
ACHIEVEMENTS AND PERFORMANCE
Direct cost of grants made during the year totalled £47,853 (2023 £38,207). This year the major grant was £20,000 for Dietetics team accommodation.
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 2024 was £86,874 (2023 £56,080) including £24,300 legacy income (2023 £nil). Total expenditure was £51,524 (2023 £42,628), of which the direct cost of charitable activities totalled £47,853 (2023 £38,207). Ninety three percent of the cost of charitable activities (2023 92%) 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 surplus for the year before net gains and losses on investments was £35,350 (2023 surplus £13,452).
In 2024 the turnover of The Salisbury Hospitals Friends Shop Limited was £89,515 (2023 £78,764) and profit for the year was £47,961 (2023 profit of £44,959) . The total of gift aid payments to The League of Friends of Salisbury Hospital was £50,000 (2023 £47,000). 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 £301,711 (2023 £261,467) and the balance on the Restricted Fund stood at £18,465 (2023 £1,165). Restricted Funds were increased by a £17,300 donation for the Ear, Nose & Throat and Plastic Surgery departments.
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 HOSPtfAL TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 OECEPA8ER 2024 {txnbnu•J) TRUSTEES. RESPONSIBIUTIES IN RELATION TO THE FINANCIAL STATEMENTS The tnjslees a responsible for preparing the Trustees. Amnual Report ar the financial statements in accordance wrth appIab law and Unrted Kwylom A£counity Standards (United Kidn Generally Accepted ACtnts3 Pr¥tttl. The law aFpltsble to Charrt in Engknd and wa requjres Ihe dwrty trustees lo ppare financial statements for each star whh a true arKI ta vw of the state of affairs of the charity and of the inc(¥ning rescMJrces aThJ appIal of resour. of the charty for that Fenod. In preparing Ihe financial ststements. the trustees afe required lo . sded suits¢ accounts"n9 •Thl •Fvty thwn cc(wslenty. . obsoNe the metws and prrtpb•s in the appkat48 Chaftt SORP.. . make Iernents and e5tr"males that we reasonth arml . stale whether xeounting slarmjants haNE teen lo11w. sthj'ect to any malerkil departures that must be dtsclosed and exrAained in the slatawts. - prepaffj the financ1 statements on ihe wrKJ cort8m baw unless rt is in¥JrKopriate to pcesume that the ch&ty will contnue in bLK%iness. The Iruslees are reSp(yb for kéepty ac£cnting re( that with reasonable accuracy al any tjme the finanoal w$rtn of the charty and enatrAe Ihem lo ensure that the finan¢pl ststemenls Comply with the Chanbes Act 2011, the applb Charrt*s IA££ounts and ReFQrtsl Regulats)ns. and the provision$ of Ihe charitls schemes. They are also resth for safeguarding the assets crf the chanty and taking reasona)le steps for the preventth WKI detec of fraj and other irregularrt ro1 by the 8oafd of Twstees 8M. N•(20a5 and wgn¢(I their behalf by M Monnwwn
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 2024, which are set on pages 1 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:
Page 6
THE LEAGUE OF FRIENDS OF SALISBURY HOSPITAL STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024
| Note INCOME FROM: Donations and legacies 2 Investments 3 TOTAL INCOME EXPENDITURE ON: Fundraising costs 4 Grants made 5 TOTAL EXPENDITURE NET INCOME before net gains/(losses) on investments Net realised gains / (losses) on investments Net unrealised gains/(losses) on investments 9 NET INCOME 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 2024 2023 15,228 17,300 32,528 5,635 54,346 - 54,346 50,445 |
|---|---|
| 69,574 17,300 86,874 56,080 |
|
| 1,300 - 1,300 1,224 50,224 - 50,224 41,404 |
|
| 51,524 - 51,524 42,628 |
|
| 18,050 17,300 35,350 13,452 446 - 446 820 4,448 - 4,448 7,236 |
|
| 22,944 17,300 40,244 21,508 261,467 1,165 262,632 241,124 |
|
| 284,411 £ 18,465 £ 302,876 £ 262,632 £ |
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 2024
| 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 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 |
201,854 197,284 613 594 175,573 135,981 176,186 136,575 (75,164) (71,227) 101,022 65,348 302,876 262,632 - - 302,876 £ 262,632 £ 18,465 1,165 284,411 261,467 302,876 £ 262,632 £ 2024 2023 |
201,854 197,284 613 594 175,573 135,981 176,186 136,575 (75,164) (71,227) 101,022 65,348 302,876 262,632 - - 302,876 £ 262,632 £ 18,465 1,165 284,411 261,467 302,876 £ 262,632 £ 2024 2023 |
|---|---|---|
| 262,632 - |
||
| 262,632 £ |
||
| 1,165 261,467 |
||
| 262,632 £ |
Approved by the Board of Trustees on
and signed on their behalf by M Monnington
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 2024
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 2024, 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 2024
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 Legacies 3. INCOME FROM INVESTMENTS Investment income Dividends and interest Salisbury Hospital Friends Shop Limited - gift aid receipts |
2024 2023 8,228 5,635 24,300 - |
|---|---|
| 32,528 £ 5,635 £ |
|
| 2024 2023 4,346 3,445 50,000 47,000 |
|
| 54,346 £ 50,445 £ |
Page 10
THE LEAGUE OF FRIENDS OF SALISBURY HOSPITAL NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
4. FUNDRAISING EXPENSES
| FUNDRAISING EXPENSES | ||
|---|---|---|
| Investment management expenses COST OF GRANTS MADE Grants made (direct costs) Support costs (Note 6) |
2024 1,300 |
2023 1,224 |
| 1,300 £ |
1,224 £ |
|
| 2024 47,853 2,371 |
2023 38,207 3,197 |
|
| 50,224 £ |
41,404 £ |
5. COST OF GRANTS MADE
All grants made in 2024 and 2023 were to Salisbury NHS Foundation Trust.
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 - 1,590 |
Total Other support Support costs costs 2024 781 781 - 1,590 |
|---|---|---|
| 1,590 £ |
781 £ 2,371 £ |
|
| Governance costs - 1,512 |
Total Other support Support costs costs 2023 1,685 1,685 - 1,512 |
|
| 1,512 £ |
1,685 £ 3,197 £ |
|
| 2024 2023 840 800 750 712 1,590 £ 1,512 £ |
8. RELATED PARTY TRANSACTIONS, TRUSTEES' EXPENSES AND REMUNERATION AND KEY MANAGEMENT PERSONNEL
The trustees received no remuneration or other benefits (2024 - £nil) and were not reimbursed for any of their expenses in the year (2024 - £nil).
The charity considers its key management personnel comprise the trustees.
The total of all gift aid receipts/investment income from the subsidiary to the charity in the year was £50,000 (2023 - £47,000).
Page 11
THE LEAGUE OF FRIENDS OF SALISBURY HOSPITAL NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
9. FIXED ASSET INVESTMENTS
| FIXED ASSET INVESTMENTS Cost or valuation as at 1 January 2024 Additions Disposals proceeds Gain/(loss) in the year Cost or valuation as at 31 December 2024 |
Investment in subsidiary at cost 2 - - - 2 £ |
Charitable and collective investment funds at valuation 130,343 22,759 (22,637) 4,448 |
Cash deposits Total 66,939 197,284 - 22,759 - (22,637) - 4,448 66,939 £ 201,854 £ |
|---|---|---|---|
| 134,913 £ |
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 |
2024 2,027 10,828 12,855 (1,121) 11,734 £ 2 11,732 11,734 £ 2024 89,515 (41,554) 47,961 £ 50,000 £ |
2023 2,283 13,800 |
|---|---|---|
| 16,083 (2,310) |
||
| 13,773 £ |
||
| 2 13,771 |
||
| 13,773 £ |
||
| 2023 78,764 (33,805) |
||
| 44,959 £ |
||
| 47,000 £ |
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 |
2024 42,000 24,939 66,939 £ |
2023 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 2024
| 10. DEBTORS 2024 Amounts owed by subsidiary - Prepayments and accrued income 613 613 £ 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 Accruals for grants payable 72,062 Other accruals and deferred income 3,102 75,164 £ 12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2024 Accruals for grants payable - - £ 13. MOVEMENT IN FUNDING COMMITMENTS FOR GRANTS DURING THE YEAR Grant commitments recognised as at 1 January 2024 New grant commitments charged to the SoFA in year (see Note 4) Grants paid during the year Grant commitments recognised as at 31 December 2024 14. MOVEMENTS ON RESTRICTED FUNDS Ear, Nose & Cardiac/ THIS YEAR Throat / Plastic coronary care Surgery Fund unit fund Fund balances at 1 January 2024 - 1,165 Income 17,300 - Expenditure - - Fund balances at 31 December 2024 17,300 £ 1,165 £ |
2023 - 594 |
|---|---|
| 594 £ |
|
| 2023 68,275 2,952 |
|
| 71,227 £ |
|
| 2023 - |
|
| - £ |
|
| 68,275 47,853 (44,066) |
|
| 72,062 £ |
|
| Total 1,165 17,300 - |
|
| 18,465 £ |
| Cardiac/coronary care unit fund - These funds were donated specifically towards | Cardiac/coronary care unit fund - These funds were donated specifically towards | 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 2023 | 1,165 | 1,165 | |||
| Income | - | - | |||
| Expenditure | - | - | |||
| Fund balances at 31 December 2024 | £ | 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 2024
15. MOVEMENTS ON UNRESTRICTED FUNDS
THIS YEAR
| Fund balances at 1 January 2024 Income Expenditure Gain/(loss) in the year Fund balances at 31 December 2024 LAST YEAR Fund balances at 1 January 2023 Income Expenditure Gain/(loss) in the year Fund balances at 31 December 2023 |
261,467 69,574 (51,524) 4,894 |
|---|---|
| 284,411 £ |
|
| 239,959 56,080 (42,628) 8,056 |
|
| 261,467 £ |
16. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| At 31 December 2024 Fixed asset investments Current assets Debtors Cash at bank and in hand Creditors: amounts falling due within one year At 31 December 2023 Fixed asset investments Current assets Debtors Cash at bank and in hand Creditors: amounts falling due within one year |
Unrestricted Restricted Total Funds Funds 2024 201,854 - 201,854 613 - 613 157,108 18,465 175,573 (75,164) - (75,164) |
|---|---|
| 284,411 £ 18,465 £ 302,876 £ |
|
| Unrestricted Restricted Total Funds Funds 2023 197,284 - 197,284 594 - 594 134,816 1,165 135,981 (71,227) - (71,227) |
|
| 261,467 £ 1,165 £ 262,632 £ |
Page 14
THE LEAGUE OF FRIENDS OF SALISBURY HOSPITAL NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
17.
| FINANCIAL INSTRUMENTS Notes 2024 Financial assets measured at fair value through profit and loss: Investments held at fair value 9 134,913 £134,913 Income, expense, gains or losses, including changes in fair value, recognised on: Gains/(Losses) on Financial assets 9 4,894 measured at fair value Investment income (dividends) 3 4,346 £9,240 |
FINANCIAL INSTRUMENTS Notes 2024 Financial assets measured at fair value through profit and loss: Investments held at fair value 9 134,913 £134,913 Income, expense, gains or losses, including changes in fair value, recognised on: Gains/(Losses) on Financial assets 9 4,894 measured at fair value Investment income (dividends) 3 4,346 £9,240 |
2023 130,343 |
|---|---|---|
| £130,343 | ||
| 8,056 3,445 |
||
| £9,240 | £11,501 |
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.