Charity registration number 500115
LEAGUE OF FRIENDS OF NUNEATON HOSPITALS ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
LEAGUE OF FRIENDS OF NUNEATON HOSPITALS
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees Mrs E Breeze (Chairperson) Mrs S Northall Mr R Parker (Treasurer) Mrs C Cox Mrs J Bowns Mr M Young (Vice Chariperson to 5th October 2022) Mrs L Cooper (Secretary) Mrs B Jones (Appointed 5 October 2022) Mrs A Whitmore (Appointed 5 October 2022) Mrs J Wagstaff (Appointed 5 October 2022) Mrs A Davies (Appointed 5 October 2022) Mrs M Martin Charity number 500115 Registered office League of Friends Office George Eliot Hospital College Street Nuneaton Warwickshire CV10 7DT Independent examiner Azets Audit Services 3Mc Middlemarch Business Park Siskin Drive Coventry United Kingdom CV3 4FJ
LEAGUE OF FRIENDS OF NUNEATON HOSPITALS
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 3 |
| Independent examiner's report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 - 14 |
LEAGUE OF FRIENDS OF NUNEATON HOSPITALS
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2022
The trustees present their annual report and financial statements for the year ended 31 December 2022.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's trust deed, the Charities Act 2011 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 (FRS 102)” (as amended for accounting periods commencing from 1 January 2019)
Objectives and activities
The objective of the League shall be to relieve and assist patients in all the Nuneaton Hospitals - George Eliot Maternity and Stanley & Pembleton In-Patients & Mirah Day Hospital (formerly Manor) and in the community and generally to support the charitable work of the above.
To supplement the service provided by NHS local care providers for the health, welfare and comfort of all patients therein by the provision and purchase of extra comforts, amenities and facilities, buildings and equipment which may be required for the treatment of such patients or for the efficient running of the Hospital which cannot be obtained from state funds.
To Raise Funds and to invite and received contributions from any person or persons or organisation whatsoever, by way of subscription, donation or otherwise.
To provide or assist in the running of outpatients tea bars.
To recruit and assist in the recruitment of voluntary workers for the League.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Achievements and performance
In 2020 and 2021 the charity was forced the close the tea bars and the office in the hospital because of the pandemic, thereby curtailing many of its activities. During the period the charity commenced the refurbishment of the main tea bar.
The tea bars and office reopened towards the end of 2022. Work on the refurbishment on the tea bar was completed during the summer and the tea bar reopened in October. Since then performance has been good with a surplus being made from those first 2 months of trading.
Additional income for the year including public donations and legacies amounted to £62,377. This includes a £60,000 legacy which we were notified of in July 2022 and has been included in debtors at the 31st December 2022 with the amount expected to be paid to the league in 2023.
We purchased medical equipment to the value of £1,515 for the hospital.
Financial review
The Income and expenditure for the year and transfers to and from the various funds are shown in the attached financial statements. The financial statements are prepared in accordance with the current statutory requirements.
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to twelve month’s expenditure or more. The trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
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LEAGUE OF FRIENDS OF NUNEATON HOSPITALS
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022
The constitution permits the trustees to make or hold investments. League of Friends of the Nuneaton Hospitals invests in COIF Charity Funds managed by CCLA Investment Management Limited. Where funds are not immediately required they are placed on short term investment at the best available rates. The charity has not been able to purchase amenities and equipment for the hospital since the start of the pandemic because it has had limited access to the office and with the closure of the tea bars there has been no trading income. Now trading again, the charity plans to start purchasing amenities and equipment to comply with the objectives.
The trustees have developed a Business Strategy and review developments regularly to assess any strategic, business or operational risks.
League of Friends of the Nuneaton Hospitals is an established charitable organisation of many years, which is reliant of donation, legacies, tea bar income and other fund raising activities. Donations are made from cash resources available and are not given if funds are not available. The risks to which the charity is exposed, as identified by us the trustees, have been reviewed and systems have been established to mitigate those risks.
Structure, governance and management
The charity is governed by its constitution which sets out its rules and objectives.
League of Friends of the Nuneaton Hospital is an unincorporated charity (no 500115) managed by a board of trustees. A list of those serving during this financial year is shown on the charity information page. The trustees are appointed each year.
Trustees meetings are held regularly and deal with the broad strategy of the organisation and monitoring of its implementation. The trustees are responsible for the overall financial running of the organisation.
Most trustees are already familiar with the practical work of the charity.
The induction process for any newly appointed trustee comprises of an initial meeting with the chairman of the charity.
The trustees confirm that they have had due regard for the guidance published by the Charity Commission on public benefit.
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LEAGUE OF FRIENDS OF NUNEATON HosprrALS TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEM8ER 2022 Ruer¥u Poll¢y Thg Lèagut ofFA6nd& c•th• Nurnalryb HollS haw Tr) k) Iho f¢ r08eN85 they hold. Tha policy of mabthnirvd a 18¥d of roBew l• lo wovldè hx. ovar a Fwbj, th• flucblorts u) On averag8 we alrn ¢0 $wnd wr onnual kno)me or mrn. oT Th1h1. and to keep bdarKS to MntaIn h•vo W lak8n to r•Juco th8m kn kn ¥Ath year8. 1. to ¢OVor fiutXvBtlon th d8rn8nd. 2. ol ftwJnb)s unloss atwlty lor 8 item. 3. to rnth¢n 4 l•vd of tFluS Ircth tha COmmw 8(d by vclurl88fB donabons, •rl Th• tru8taes have and 11 (Wnug kn monrtor &U the MnI8 Iho W do8mJ n8csswy to prowtyjo a ro•JlJr to Wents arwj Slaff Ihé SORP. 11 1$ ImpJsslt48 to th• l•vd t• to tho ofth• xwrr•s ol bKufie. B•lore Ihe pandernk Ihe only c8rtdnl•vql ol w8s Irn the lea bBw5. F¢)Ik)vANJ tho r&lurl>hmot)t of the tea bar in the your tho tea b•r wbsoquaThly cponed Icrf tho finel ol th8 yaar. Thls IB •xpeded b) r9M 10 nfymal next y•ar th a fijll 12 of irndo xp8clad 80 eXFed•J ol Inc%)w ¢8n to b8 caloJlated 898in golng Iwwds. Othor 8r• daF4ndent unknrhyh am(xMfts frfm) l&Jaues. bar88vemon¢6 and don4llon5. This also makw Ihe 8mJnt of expeTrbJrè, whkh on knoJrn8. Tho IipJitse• Me no Cling8nde8 or rfsks. the effe¢lB olwh¢th nol Ikely to be at48 to bo mot ¢yJt ol irKmt. In 2020 COVILk19 was dedwred a pWwr. Thi& h88 rti8tr1d the tea barn tradl •CUTrty gnhl&qnUy durfTrJ 2022 aTrJ for tho 012021 due lo lorc•J doswo from gDvemmnt msUr0$ put In 8¢. The trustees do feel IINS hB8 the Wr¥J of ihe thrity NJ81 rottd the thl of kncome aTrJ the l•vd Ihe low bew •ble to trthè NLThQton h06Fth in tho 8hr*l1omi. The tnistees have 8ry inten1 to d8&ulbo tha re8aThw rK4ty. 10 tK)bJ faSeTrai In resp8Ct lrysi day of the llnandal yogr to vthith tho rry)Nl rglats&. e Br••z• 1¢ Trustee
LEAGUE OF FRIENDS OF NUNEATON HOSPITALS INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LEAGUE OF FRIENDS OF NUNEATON HOSPITALS I report lo the trustee8 on my ex8mination of tt finan slatemenls of L•awo of Friends of NuneatLYb Ho$pital$ {Ihe ¢haiityl lor tho year ended 31 D8c•rtw 2022. R••pOnbIlItl0 and ba•lB ol A8 the trusteès ol the chanty you are respcffisknle for th& pryr¥lion of the fin4no81 statements In lanC£ vAth Iho Tewremts of tha CharlllesAd 2011 (tho 2011 Ac¥. I report li resp9¢t of my examlnayon of thè d)81iVs finaY81 statements caled t under #e 145 of t 2011 Act. In carrytng out my examinalion I have frAI¢Mf8d al th8 appkcabl• Dlrodlon$ qlvon by the Charty Gommi$sion under sedi)n 14515)(bl ofthè 2011 A Y¢wr att8nlion is dra¥m lo the lact that the charity has pr8parwl finandal slalemonts In acr1)rdar wNh A¢¢ounling and Reporting by Charltles preparing their a(£ounts in accfjrdan¢• wtth Finanoal Repfytlng Slandard applicablB in the UK and Republi¢ of Irelgnd IFRS 102) kn prefererK8 to th8 Aecounllng and Rwrbng by charit5.. Ststemonl of R9¢0mm8nd•J PraclK• ffj8u•d M 1 Apnl 2(VJ5 rtfwrod kn in th extant reoulations bul has now been 1hdraWn. l uThJer8tand that tlms h•$ be•n don• in ¢)rd•r for •t•tements to FThfjdg 8 In and tsir Nigw accordarbce With G•n•r81ty Acwted Attwnllng Prncllr 8ll•dlb* for rtporbng wiods hginning on or aftar 1 J¥nuary 2019. I have comrlgled my oxamNtion. I confirrn thgt no matters have to my •tterrflon In c¥)Mecllcffl tr exomin¥lion gmng me causo lo believe ttlat In any materlal w8pect'. occounllng rocofds wore not kept in Tesped of the clwity r•quir¥d by s•¢th)n 1>) 01 th0 2011 Ad,, or th8 finanoal 8latem•nls do awd wllh those r•¢ord8: or thè flnandal statements do rnt o)mpty wilh lh8 ¥pplic8bl8 f•qutimerls concemlnq thè fom And cont•nt of occounls set out in Ihe Ch8rilieg IA¢¢opJnl8 and Report$} RegulatKins 2CQ8 olher than any requirement that the aC1n1$ gNo ¥ true and fair view which is not a matter c4Jnsidered as part ol An independent éxamination. I hava no ¢orK•m8 and have ccmo 0ry058 no • mattofS In wrfh th• •xgmlnthn lo whlth attention $hwld bo drnvm in Ihil . ffi eMbl& a prop•r urthrslanding of th• fingnd•l $lat•menl$ lo be rea¢hed. RobgrtAndgrson FCA A2th8 Audit SeMc•s 3Mc Middlamar¢h Bu8ln•88 Pwk S15knn Dri¥9 Coventy CV3 4FJ Unlled Kingdjm Dat•d: ..
LEAGUE OF FRIENDS OF NUNEATON HOSPITALS
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2022
| **Unrestricted ** | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2022 | 2021 | ||
| Notes | £ | £ | |
| Income from: | |||
| Donations and legacies | 2 | 62,377 | 316,163 |
| Charitable activities | 3 | 24,907 | 275 |
| Investments | 4 | 5,659 | 148 |
| Total income | 92,943 | 316,586 | |
| Expenditure on: | |||
| Charitable activities | 5 | 24,647 | 16,971 |
| Net income for the year/ | |||
| Net movement in funds | 68,296 | 299,615 | |
| Fund balances at 1 January 2022 | 934,818 | 635,203 | |
| Fund balances at 31 December 2022 | 1,003,114 | 934,818 |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
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LEAGUE OF FRIENDS OF NUNEATON HOSPITALS BALANCE SHEET AS Af31 DECEMBER 2022 2021 TangIb 8$6ots Investmonts 142.401 738.136 102,811 447,477 880.537 550,288 Stocks Debtor8 C88h at bank aThJ kn hwnd io 11 60.318 70.798 314,528 77.104 132.697 391.830 Cr•dltw•: amounts f•Mlng tlthln on• y•ar 12 (7.1001 N•t oJrnnlo•8•1• 122.sn 384,530 Totsl ••••ts l••• ¢urr•ftt Ilabltl•8 1,(IM,114 934,818 Incom• fund• UnresblC 1.thJ3,114 934,818 1.3,114 934,818 l.S.... J4 Tho finar1 statsments ww• apwty•(b ty lh• Tru•lws .... E Breez• IC Tru8t•• R Pwker (fre8wrvrl MrB L C¢wr ISOL¥¢1) Tru¥t•g
LEAGUE OF FRIENDS OF NUNEATON HOSPITALS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
1 Accounting policies
Charity information
The charity information is given in the charity information page on these financial statements and the nature of the charities operations and principal activities are included in the Trustee Report.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011 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 (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
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LEAGUE OF FRIENDS OF NUNEATON HOSPITALS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022
1 Accounting policies
(Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably.
The value of services provided by volunteers has not been included.
Irrecoverable VAT is charged against the category of resources expended for which it was incurred.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Tea Bar Refurbishment 5% / 10% per annum (straight line method) George Eliot Chapel 1.67% per annum (straight line method) Office Equipment 25% per annum (reducing balance method)
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Fixed asset investments
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.
1.8 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
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LEAGUE OF FRIENDS OF NUNEATON HOSPITALS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022
1 Accounting policies
(Continued)
1.9 Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.
Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.
1.10 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.11 Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
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LEAGUE OF FRIENDS OF NUNEATON HOSPITALS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022
1 Accounting policies
(Continued)
1.12 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
2 Donations and legacies
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2022 | 2021 | |
| £ | £ | |
| Donations and gifts | 2,377 | 2,523 |
| Legacies receivable | 60,000 | 313,640 |
| 62,377 | 316,163 |
3 Charitable activities
| Charitable Income Charitable Income 2022 2021 £ £ Tea bar Income 24,359 - Other 548 275 24,907 275 |
Charitable Income Charitable Income 2022 2021 £ £ Tea bar Income 24,359 - Other 548 275 24,907 275 |
Charitable Income Charitable Income 2022 2021 £ £ Tea bar Income 24,359 - Other 548 275 24,907 275 |
|---|---|---|
| 2022 £ 24,359 548 24,907 |
2021 £ - 275 |
|
| 275 |
4 Investments
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2022 | 2021 | |
| £ | £ | |
| Interest Received on Investments | 5,659 | 148 |
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LEAGUE OF FRIENDS OF NUNEATON HOSPITALS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022
5 Charitable Activities
| Charitable Expenditure Charitable Expenditure 2022 2021 £ £ Purchases 9,904 - Affiliation Fee & Insurance 1,280 1,206 Pens & Diaries 287 59 Purchase of Hospital Equipment 1,515 9,304 Accountancy 1,895 1,580 Catering Charges 3,300 - Equipment Rental 574 - Staff / Officials Expenses 217 115 Sundry 218 385 Depreciation 5,457 4,322 24,647 16,971 24,647 16,971 |
Charitable Expenditure Charitable Expenditure 2022 2021 £ £ Purchases 9,904 - Affiliation Fee & Insurance 1,280 1,206 Pens & Diaries 287 59 Purchase of Hospital Equipment 1,515 9,304 Accountancy 1,895 1,580 Catering Charges 3,300 - Equipment Rental 574 - Staff / Officials Expenses 217 115 Sundry 218 385 Depreciation 5,457 4,322 24,647 16,971 24,647 16,971 |
Charitable Expenditure Charitable Expenditure 2022 2021 £ £ Purchases 9,904 - Affiliation Fee & Insurance 1,280 1,206 Pens & Diaries 287 59 Purchase of Hospital Equipment 1,515 9,304 Accountancy 1,895 1,580 Catering Charges 3,300 - Equipment Rental 574 - Staff / Officials Expenses 217 115 Sundry 218 385 Depreciation 5,457 4,322 24,647 16,971 24,647 16,971 |
|---|---|---|
| 2022 £ 9,904 1,280 287 1,515 1,895 3,300 574 217 218 5,457 24,647 24,647 |
2021 £ - 1,206 59 9,304 1,580 - - 115 385 4,322 |
|
| 16,971 | ||
| 16,971 |
6 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
7 Staff Costs and Officials Expenses
No remuneration was paid to the trustees during the year. The average number of volunteers was approximately 200. One official was reimbursed for postage and stationery costs as disclosed in note 5.
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LEAGUE OF FRIENDS OF NUNEATON HOSPITALS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022
| 8 Tangible fixed assets Tea Bar Refurbishment George Eliot Chapel Office Equipment £ £ £ Cost At 1 January 2022 28,203 167,088 12,191 Additions 45,047 - - At 31 December 2022 73,250 167,088 12,191 Depreciation and impairment At 1 January 2022 12,500 80,825 11,346 Depreciation charged in the year 2,456 2,790 211 At 31 December 2022 14,956 83,615 11,557 Carrying amount At 31 December 2022 58,294 83,473 634 At 31 December 2021 15,703 86,263 845 |
Total £ 207,482 45,047 |
|---|---|
| 252,529 | |
| 104,671 5,457 |
|
| 110,128 | |
| 142,401 | |
| 102,811 |
The Chapel is situated on land leased from the George Eliot Hospital NHS Trust. The lease has a term of sixty years and it commenced on 21st June 1993. The annual rent is a peppercorn rent.
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LEAGUE OF FRIENDS OF NUNEATON HOSPITALS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022
9 Fixed asset investments
| COIF Investment Fund Other Fixed Term Deposits £ £ Cost or valuation At 1 January 2022 237,475 210,002 Additions - 285,000 Interest 2,317 3,342 At 31 December 2022 239,792 498,344 Carrying amount At 31 December 2022 239,792 498,344 At 31 December 2021 237,475 210,002 10 Stocks 2022 £ Raw materials and consumables 1,581 11 Debtors 2022 Amounts falling due within one year: £ Other debtors 60,000 Prepayments and accrued income 318 60,318 12 Creditors: amounts falling due within one year 2022 £ Other taxation and social security 3,591 Trade creditors 5,154 Accruals and deferred income 1,375 10,120 |
Total £ 447,477 285,000 5,659 |
|---|---|
| 738,136 | |
| 738,136 | |
| 447,477 | |
| 2021 £ - |
|
| 2021 £ 313,794 732 |
|
| 314,526 | |
| 2021 £ - - 7,100 |
|
| 7,100 |
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LEAGUE OF FRIENDS OF NUNEATON HOSPITALS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022
13 Related party transactions
During the year the charity entered into the following transactions with related parties:
The Chapel is situated on land leased from the George Eliot Hospital NHS Trust. The lease has a term of sixty years and it commenced on 21st June 1993. The annual rent is a peppercorn rent.
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LEAGUE OF FRIENDS OF THE NUNEATON HOSPITALS
DETAILED INCOME AND EXPENDITURE ACCOUNTS FOR THE YEAR ENDED 31st DECEMBER 2022
| Sales Purchases (after adjusting for stock) Insurance - Support Costs Catering Charges Repairs Depreciation - tea bar refurbishment Surplus for the year Subscriptions - Support Costs (Point of sale system and Coffee Machine) |
24,359 9,903 115 574 3,300 2,456 16,348 8,011 £ 2022 £ TEA BAR FUND |
- - - - - - - - - £ 2021 £ |
|
|---|---|---|---|
| - - - - - - |
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