Charity registration number 500115 LEAGUE OF FRIENDS OF NUNEATON HOSPITALS ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
LEAGUE OF FRIENDS OF NUNEATON HOSPITALS LEGALAND ADMINISTRATIVE INFORMATION Trustees Mrs E Breeze (Chairperson) Mrs J Wagstaff (Vice Chair) Mrs L Cooper (Secretary) Mr R Parker (Treasurer) Mrs S Northall Mrs C Cox Mrs J Bowns Mrs B Jones Mrs A lImore Mrs M Martin Mrs A Daviès Mrs J C Dowsett (Appointed 20 September 2023) Charlty number 500115 R•glslerod offl¢e League of Friends Office George Eliot Hospital College Slreet Ntsneaton Wamickshire CV10 7DT Indendent examln•r Azets Audit Services 3Mc Middlemar¢h Business Park Siskin Drive Coventry United Kingdom CV3 4FJ
LEAGUE OF FRIENDS OF NUNEATON HOSPITALS CONTENTS Page Trustees. report Independent examinels report statement of financial activities Balance sheel Notes to the finan¢ial statements 7-14
LEAGUE OF FRIENDS OF NUNEATON HOSPITALS TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees present Ihelr annual report and financial statements for th8 year ended 31 December 2023. The financial $tatem8nts have been prepared in a¢¢ordance with the accounting poli¢i8s set out in note 1 to the financial statèments and comply wilh the charity's trust deed, the Charilies Act 2011 and 'AcGounting and Reporting by Charities- Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard appli¢able in the UK and Republic of Ireland {FRS 102)" {as amended for accounting periods commencing from 1 January 2019) obctiVeS and activltles The objective of the League shall be lo r8li8ve and assist patients in all the Nuneaton H05Plta15 - George Eliot Mat8mity and Stanley & Pembleton In-Patients & Mirah Day Hospital (fomi8rly Manor) and in the community and generally lo 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 th8 treatment of such patienls or for the efficient running of the Hospital which cannot be obtained from state funds. To Raise Funds and to Invlte and received contribLrtions from any person or persons or organisatlon whatsoever, by way of subscriptlon, donation or otherwise. To provide or assist in the runnlng of outpatients tea bars. To recwil and assist in the recruitment of voluntary workers for th8 League. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what a¢tivrties the charity should undertake. Achlevements and porfomiance l am please to report that even though we are working in difficult times, our Leage of Friends modern friendly cafe in the main hospital, has contlnued to provide a good and 8u¢cessul service to Ihg patients and staff at the George Eliot. Our maln regular income comes from Ihe Cafe. W8 have seen it gradually increasing throughout Ihe year, making a surplus of £82,785 sinoe we refurbished the cafe. Donations and legacies amounted to £2,525 for which we are extremely grateful. Collection boxes amounted lo £2,125 and Subs amounted lo £400. The deposit account interest. has increased to £24,598 due lo the rise in interest rates. Equipment purchased of £53,657 included £19.000 on equiprnenl for Ihe Stroke Rehabilitation Service. The amount of equipment purchased has been disappointin9, but 15 due lo a new request process whith hopefully will prove lo be easier in the future. We are now close to re-opening our iefurbished cafe in the maternity building, which will offer the same friends service to patients and staff. thout our wonderful dedicated volunteers, none of this would be possible, so heartfelt thanks to ea¢h and every one, who so genrously give up their time, lo ensure the League of Friends continues to thrive. Flnanclal review The Income and expenditure for the year and transfers to and from the various funds are shown in the atiached financial statements. The financial statements are prepared in accordance with the current statulory requirements.
LEAGUE OF FRIENDS OF NUNEATON HOSPITALS TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 It is the policy of the charity that unrestricted funds whith have not been designated for a specific use should be maintained at a level equivalent to hvelve 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 Ihe charty's current activities while consideration is giv8n to ways in which addttional fvnds may be raised. This level of reserves has been maintained throughout the year. The constitution permits th8 truslees lo 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 théy are placed on short t8mi investment at the best available rates. The trustees have developed a Business Strategy and review developments regularly to assess any strategic, business or operational risks. League of Frlends of the Nuneaton Hospitals is an established charitable organlsation of many years. whidi is reliant of donation, legacies, tea bar income and olher fund raising aclivilies. 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 tru51ees, 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 OLrt its rules and objectiV8$. League of Friends of the Nun8aton Hospital is an unincorporated chartty (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 regularty and deal with the broad strategy of Ihe organisation and monitorlng of its Implamentallon. The truslees 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 charty. The trustees confirm that they have had due regard for the guldance publlshed by the Charity Commission on public benéfit.
LEAGUE OF FRIENDS OF NUNEATON HosprrALS TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 RM•N•8 Polley Th8 League of Frfand• of th8 Nunealon knphals have no dmIllty in relaung to the need for r8soMs ho. Th& poNcy of maintainlng a reallsllc lev81 of reserves18 to prov for, over a perlod. Ih8 fvctuatlons in r8quests froffl the Ward8 and D8ptmenl$ requlrlng medlcal equipmènt. On average we alm to spend (wr annugl hccna or morn, over twelve mmths. and tts k8ep balances to m8lntsln appmxlmately a furlhor Iwelva months to Q)V8r any conllngenci8s tr urgent requests lch may arise. Steps have bgen tsken to reduce Ihom In Ilno wlth prnvkyjs years. In BlMary the Leawe requlr88 r880rrfei.'. 1. to cT fluctuation In demand. 2. of twelvo rn5 urlos8 8PPgallng for a &p8cW item. 3. to malntaln a level of surp8 the commerciol undortaklng 8ervl(xd by volunteorg an¢J donadonj, and appeallng for donatlons vthen Ihe nfyad arf80B. The truth88 have and wlll nIInue to monltor and adjust the pollcy to maFnt8ln th8 1gvo1 doomed n8cewry to ovkl8 a regular 88r¥lce to potlonts and stsff and to cmfomi the SORP. Tt truste88 hav8 every Intontk)n to descrfbo t rnserv8& pollcy arKI to Wilain vthy we hold r88er88 In respo of future noods. oprtttI8$, conlingènda8, or tsks. and to gfve thelovel of re8orve8 the charKy hold$ at the laet day ol tho finandal year to whkh tho r¢port r8lats$. Iru8tO08' VM8 approvod by th• Board of Tw8te81. Mrn E Bra•z• (Chalrprnon) Trustee
LEAGUE OF FRIENDS OF NUNEATON HOSPITALS INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LEAGUE OF FRIENDS OF NUNEATON HOSPITALS I rewt to the tNstees on my examlnatlon of the financlal statsments of League of Friends of Nunèaton Hospltals {th8 charity) for the yoar ended 31 December 2023. RponsIbIlItI•$ Ind basi$ of r•port As the tNstees of tho charity you are responsibl8 for th• pr•paratlon of th8 flnandal ststement& In a¢cordanc8 wlth the requirements of the Ch8rltles Ad 2011 {Ihe 2011 Act). I report In $part of my oxaminallon of th8 charlty's flnanclal $talemenls carried out undèr sedlon 145 01 the 2011 Act. In carylng out my examination I h8ve followed all the applicabl8 Dlrectlons given by the Charity Commlssloft under 88ction 145(5)(b) of the 2011 Act. Indop•ndont ox•mln•rf8 statsm•nt Your attent'on rs drawn to the fact thal the charty has pryed financlal statements In accorda8 wlth Accountlng and Reportlng by Ch8rftle8 Preparing their aOUnts In accord8nce wEth the Flnanclal RepTrg Standard appllcablo In the UK and Republic of Ireland (FRS 102) In preference to the Accounting and Reportlng by Charities.. Ststemonl of Recommendod Practlce Issued on 1 Aprll 2005 whlch 1$ referred to In Iho exlant rngulatlons bJt ha8 now been thdraWn. l undef81and that th1$ hos been done In order for flTranclal statements to provldè a true arKJ falr VI accordance wlth Generally Accepted Ac¢ountlng Practlce effedve for reporfng pedod8 beglnnlng on or after 1 January 2019. I have completed my examlnation. I confimi that no matt8r8 havo como to my attentlon In connectlon wlth Ihe examlnatlon plng m8 cause to belleve Ihat In any matertal respgct: acccmjntlng rerdS wero not kept In re8F of the chartty a8 requlred by 8ecllon 130 of the 2011 Act. or the Ilnanclal statements do not accord wllh tthe r8cord8: or the thanclal 8t8tomenls do not cornpty wllh tha appllcable requlrements concernina the fom and content of accounts set out In the Ch8rf1188 {Account$ and Reports) Regulatlons 2008 other than ony requlremant thal th8 accounts glve a truè ond fglr view whlch Is not a matter considered as part of an Independent examlnatlon. I have no concomB and have come across no other matters In Connectlon vAth tho examlnatlon to %•thl¢h gttenth)n shOd bo drawn In th1$ report In order to enablo a prow understandlng of the flnanclal stalements to be roached. bertAnderson FCA 28ts Audll S91 3Mc Mlddlernarth Busln88$ Pa Sl$kln Drlve Coventy CV3 4FJ Unlted Klngdom Dated".
LEAGUE OF FRIENDS OF NUNEATON HOSPITALS STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted Unrostrlcted funds funds 2023 2022 Notes Donations and legacies Charitable activities Investments 2.525 189.527 24,598 62.377 24,907 5.659 Total Income 216,650 92,943 Charitable activities 168,610 24,647 Net Income for the yearl Not movement In funds 48.Q40 68,296 Fund balances al 1 January 2023 1,003,114 934,818 Fund balances at 31 De¢omber 2023 1,051,154 1,003,114 The statement of financial activities includes all galns and losses recognlsed in the year. All income and expenditure derive from Continuing aclivilies.
LEAGUE OF FRIENDS OF NUNEATON HOSPITALS BALANCE SHEEr ASA T31 DECEAIBER 2023 202J T8e as8et• 133.381 808.257 10 14Z401 738.136 941.638 880,537 Curr•nt a•s•ts 11 12 1014 80.792 88.976 1,581 60.318 Cash at hnk and ln hand Crndltorn: aiiiounl¥ famlno dy• wllhln one y•ar 151,S82 131897 13 (42.088) (10,120) Net cuffont a••ots 109,516 122J7T Tolal a•••l• l•M ¢mrt Il•bllii•i 1,051.154 I,LX13,114 Ineoffl• fid8 Unrn6trkt•d 1,051.154 1.003.114 1.051.154 1,(K11114 The flnand818faternents worn apprty¥ed by tho TnJBl••8 on ...................NKf(K P*¥ E Br• (tholrp•rnon) Tru•ts• Mrn L Coopar {S•) Mr R P8ther ITraDwrnr)
LEAGUE OF FRIENDS OF NUNEATON HOSPITALS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies Charlty Inf0MtIOn The charity information is given in the charity infomiation page on these financial statements and the nature of the charities operations and principal activities are included in the Trustee Report. 1.1 Accountlng conventlon The financial statement5 have been prepared in aCrdance with the charity's 9overning document, the Charities Ad 2011 and "A¢¢ounting 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 Benefft 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 thè Charities (Accounts and Reports) Regulations 2008 only to the extent requir8d to provid8 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 slatement5 are prepared in Sterling, which Is the functional currency of the ¢harlty. Monetary amounls in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cosl convention, [modified to include the revaluation of freehold properlies and to include investment properties and cerlain financial instruments at fair valuel. The principal accounting policies adopted ale set out below. 1.2 Golng concom At the time of approving the finan¢ial statements, the truslèes hav8 a reasonable expectation that thé charity has adequate resources to continue in operational existence for the foreseeable fLrture. Thus Ihe trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charltablp fund$ Unrestricted fijnds are available for use at the discretion of the tNstees 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 fvnds are set out in the notes to the financial statements. Endowment funds are subject to specifi¢ conditions by donors that the capital must be maintained by the charity. 1A In¢omo 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 notffied of Ihe donation, unless performan conditions require deferral of the amount. Income tax recoverable in relation to donations received under GiftAid or deeds of covenant is re¢ogni$ed at the time of the donation. Legacies are recognised on reIpt or otherwise rf the charity has been notified of an impending distribution. the amount is known. and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
LEAGUE OF FRIENDS OF NUNEATON HOSPITALS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng policies lconllnuedl 1.5 Expenditure Expenditure is recognised once ther8 is a legal or constructive obligation to transfer economic benefit to a third paty. it is probable that a transfer of economic benefits will be required in settlement, and the amount of th8 obligation can be measured reliably. Expenditu is classified by aclivity. The costs of each activity are made up of the total of dir1 costs and shared costs, including support costs involved in undertaking each activity. Direct ¢osts attributable lo a single activity are allocated directly to that activty. Shared costs whi¢h contribule to more than one aclivty and support Costs whi¢h are not attributable lo a single activity are apportioned bètween those activtlies on a basis ¢onsisl8nt with the use of resources. Central staff costs are allocated on the basis of time spent, and depcIatIOn charges are allocated on th8 Portion of Ihe asset's use. All expendlture is accounted for on an accrual$ basis and has been classified under headlngs that aggregate all costs relatèd to the category. Expenditure is recognised where there is legal or constructive obligation to make payments to third parties, it is probable that Ihe settlement will be required and the amount of Ihe obligation can be measured reliably, The value of services provided by volunteers has not been included. Irrecoverable VAT is charged againsl Ihe category of resources 8xpended for which il was incurred. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at $1 or valuation, net of depreciation and any impaiment losses. Deprèclation is re¢ognised so as to wr6te off the cost or valuation of assets less their resldual values over thelr useful lives on the following bases.. Tea Bar Refurbishment George Eliot Chapel Office Equipment 50A 1100/0 per annum (straight Ilne method) 1.670/0 per annum (straight line method) 259/• per annum (reducing balance method) The gain or loss arising on the disposal of an asset is det8miined as the differen betsveen the sale proceeds and the carrying value of the assel. and is recognised in the statement of financial aclivilies. 1.7 Fixed asset invostmonts Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value al each reporting date. Changes in fair value are recognised in net incomel{expenditure} for the year. Transaction costs are expensed as incurred, 1.8 Impairnient of fixed assets At each reporting end date. the charity reviews the carrying amount5 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 Ihe extent of the impairment loss (rf any).
LEAGUE OF FRIENDS OF NUNEATON HOSPITALS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies (Continued) 1.9 stocks Stocks are stated al 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 lo their present localion and condition. Items held for distribution al no or nominal ¢onsideralion are measured Ihe lower of replacement cost and cost. Net realisable value is the eslimaled $811ing price less all estimated costs of ¢ompletion and costs lo be incurred in marketing, selling and distribution. 1.10 Cash and ¢08h equlvalents Cash and cash equivalents include cash in hand, deposits held at call with banks, othei short-temi liquid investments wilh original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabiliti8S. 1.11 Flnanclal In8trumant8 The charity has elected to apply the provisions of Section 11 'Basl¢ Finanrial Inslrumenls, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charty's balance sheet when the charity becomes party to Ihe contractual provisions of the instrument. Financial assets and li8bilrlies are offset, wrth the nel amounts presented in the financial statements, when there is a legally enforceable right lo sel off the recognised amounts and there is an intention to settle on a net basis or lo realise the asset and sellle the liability simultaneously. Basic financlal assets Basic financial assets, whlch include debtors and cash and bank balances, are initially measured at Iransaction pri¢e including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement nstItuteS a financing transaction, where the transaction is measured al the present value of the future receipts discounted al a market rale of Interesl, Flnancial assets classified as receivable within one year are nol amortised. Basic flnancial liabllitie$ Basic financial liabilities, induding Creditors and bank loans are initially re¢ognis&d at transa¢lion price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted al a market rate of interest. Financial liabilities Classified as payable within one year are not amortised. Debt instruments are subsequently carried at amorti$ed cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due wilhin one year or less. If not, they are presented as non-current liabilities. Trade Creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Dereeognltion of financial Ilabllllies Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled.
LEAGUE OF FRIENDS OF NUNEATON HOSPITALS NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng policies (Contlnued) 1.12 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's ServIS are ived. Termination benefi1$ are recognised immediately as an expense when the charity is demonstrably committed to lerminate the employment of an employee or to provide termination benefits. Donatlons and legacle8 Unrnstrlcted Unrestricted funds funds 2023 2022 Donations and gifts Legacies receivable 2,525 2,377 80,000 2,525 62,377 Charftabh a¢tlvftle8 Charftsbl8 Charltablè Income In¢omo 2023 2022 Tea bar Income Other 187,002 2,525 24,359 548 189,527 24,907 Investments Unrestrlcted Unrestrlcted funds funds 2023 2022 Interest Received on Investments 24,598 5,659 10-
LEAGUE OF FRIENDS OF NUNEATON HOSPITALS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Charitable Actlvities Charitable Charitable Expendlture Expenditure 2023 2022 Purchases Affiliation Fee & Insurance Repairs & Maintenance Pens & Diaries Purchase of Hospital Equlpment Accountancy Catering Charges Equipment Rental Staff l Officials Expenses Sundry Depreciation 79,166 1,354 303 369 53.657 2,360 17,120 2,803 1,729 731 9,018 9,904 1,280 287 1,515 1,895 3,300 574 217 218 5,457 168,610 24,847 188,610 24,647 Truste8$ None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. Staff Costs and Offi¢lals Expen80$ No remuneration was paid to the trustees during the year. The average number of volunteers was approximately 90, Several officials were reimbursed for postage and stationery cosls and Iravel expenses as disclosed in note 5. Taxatlon The tharity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gain5 Act 1992 to the extent that these are applied lo its charitable objects. 11
LEAGUE OF FRIENDS OF NUNEATON HOSPITALS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Tangible flxed assets Tga Bar GooTg9 Elktrt Rofurbl$hmgnt Chapel Offkg Equipment Total Cost At 1 January 2023 73,249 167.088 12,191 252,528 At 31 December 2023 73,249 167,088 12,191 252,528 Deprnclatlon and Impairniont At 1 January 2023 Depreciation charged in the year 14,956 6,075 83,615 2,785 11,557 159 110,128 9,019 At 31 December 2023 21,031 86.400 11,716 119,147 Carrying amount At 31 December 2023 52,218 80,688 475 133,381 At 31 Oecember 2022 58,294 83,473 634 142,401 The Chapel is situated on land leased from the George Eliot Hospital NHS Trust. The lease has a tem of sixty years and it commenced on 21st June 1993. The annual rent is a peppercorn rent. 12-
LEAGUE OF FRIENDS OF NUNEATON HOSPITALS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 10 Fixed asset investments CCLA Other Flxed InvestmentTerni Deposlts Fund Total Cost or valuation Al 1 January 2023 Additions Interest 239,792 250,000 15,438 498.344 87,797 8,883 738,136 337,797 24,321 At 31 December 2023 505,230 595.024 1,100,254 Impairnlent At 1 January 2023 Disposals 291,997 291,997 At 31 December 2023 291,997 291,997 Carrylng amount At 31 December 2023 505,230 303,027 808,257 At 31 De¢ember 2022 239,792 498,344 738,136 11 Stock8 2023 2022 Raw materials and consumables 1,814 1,581 12 Debtor8 2023 2022 Amounts falling due withln one year. Other debtors Prepayments and accrued income 60,448 344 60.0¢)0 318 60,792 60.318 13-
LEAGUE OF FRIENDS OF NUNEATON HOSPITALS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 13 Credltors: amounts falllng due wlthln one year 2023 2022 Other taxation and social security Trade credrtors A¢¢rual$ and deferred income 7,138 33,093 1.835 3,591 5,154 1,375 42,066 10,120 14 Related party transacllons During the year the charity entered Into the following Iran5actions with related parties: The Chapel is situated on land leased from Ihe George Eliot Hospilal NHS Trust. The lease has a lem of sixty years and it commenced on 21 st June 1993. The annual rent is a peppercom rent. 14-