2024-12-31-accounts - The League Of Friends Of The Shrewsbury And Telford Hospital

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REGISTERED CHARITY NUMBER: 500509

Report of the Trustees and Financial Statements . for the Year Ended 31 December 2024

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The League of Friends of The Shrewsbury and Telford Hospital

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WR Partners Chartered Accountants and Statutory Auditor Belmont House Shrewsbury Business Park Shrewsbury Shropshire SY2 6LG

The League of Friends of The Shrewsbury and Telford Hospital

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Contents of the Financial Statements for the year ended 31 December 2024

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||||||||| |---|---|---|---|---|---|---|---| |Page| |Report|of the Trustees|1|to|7| |Report|of the|Independent|Auditors|8|to|11| |Statement|of|Financial|Activities|12| |Balance|Sheet|13| |Cash|Flow|Statement|14| |Notes|to|the|Cash|Flow|Statement|15| |Notes to the Financial Statements|16|to|26| |Detailed|Statement|of|Financial|Activities|27|to|29| |Shop Trading Account|30|

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The League of Friends of The

Shrewsbury and Telford Hospital

Report of the Trustees for the year ended 31 December 2024

The trustees present their report with the financial statements of the charity for the year ended 31 December 2024, The trustees have adopted the provisions of 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).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The League of Friends of the Royal Shrewsbury Hospital, operating from the Royal Shrewsbury Hospital North, Mytton Oak Road, Shrewsbury, Shropshire SY3 8XQ, is a charity registered with the Charities Commission, registration number 500509.

It was agreed at an Extraordinary General Meeting held on 9th September 2024 that the charity's name be changed to The League of Friends of the Shrewsbury and Telford Hospital.

The Trustees submit their annual report and audited financial statements for the year ended 31 December 2024. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) ‘Accounting and Reporting by Charities’ in preparing the annual report and financial statements of the HOW WE DELIVERED A BENEFIT TO THE PUBLIC | charity. | Those who used our shops | Our shops are located in the hospitals and are open to all. The shops sell a range of refreshments and | necessities to those who are in hospital, their relatives or friends, the staff or anyone; who is passing. | | The shops are designed to provide a restful space where any user can meet, take time alone or buy a | present in the knowledge that their purchase directly contributes to improvements in physical and mental | healthcare as well as providing guidance and assistance.

‘The shops are open to all and our policy is to sell a range of items which are accessible to all.

The benefits of our work

All monies raised through our shops, fund raising activities or legacies go directly into funding our aims. Our donations are aimed at providing assistance to all who need it. This is demonstrated by our charity donating more than £227,000 to the hospital during the last two years. Our donations provide diagnostic equipment, pain relief, faster treatment, easier dispensing of medicine or a simple distraction during treatment. Access to our donated equipment is open to all.

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| , Investment policy and objectives | We hold sufficient reserves to meet our short term and long term commitments as well as a prudent | ; amount for the general running of the charity. Having considered the options available the trustees have | a decided that the reserves will be held in a range of interest bearing deposits with high street banks. Where we are able to invest for a longer or fixed term, this will be considered against the requirements for | the funds. The overall return on the funds invested during the year was initially low, but is now increasing. The trustees accept that this is a reflection on the rates currently available.

The League of Friends of The Shrewsbury and Telford Hospital

Report of the Trustees

for the year ended 31 December 2024

ACHIEVEMENT AND PERFORMANCE

Our charity is an Association which was formed in 1969; it is governed by its constitution which was ‘amended on 15 May 2002, further amended on 30 May 2012, and more recently amended on 17 November 2014.

The principal objectives of our charity are to:

Relieve the needs of patients of the Shrewsbury and Telford Hospital NHS Trust who are sick, mentally and/or physically disabled, infirm or in need of assistance and generally to support the charitable work of the Shrewsbury and Telford Hospitals and its successors.

How we make sure our work delivers our aims

After each year end, the trustees meet to review the previous year's results against our aims. We also review the benefits which our activities have brought to those people which we were set up to assist. This next year. | review looks at the success of each activity undertaken and also where we can make improvements in the | What we did during the year

Our main objectives are to provide healthcare assets and support the charitable work of the Shrewsbury and Telford NHS Trust hospitals. The strategies we used during the year were: Generating income from our shops and other fundraising activities.

Promoting the services of the League of Friends to patients, relatives and friends of those in need. Discharging the commitments we had to supply equipment and to receive new applications for funding.

FINANCIAL REVIEW

Reserves policy

The General Committee has reviewed the reserves required by the charity in light of the risks identified. The majority of our funds are unrestricted and the amount of funds not committed will be no more than 6 months of charity expenditure. Where there is a current or expected commitment, funds will be held

| until the commitment is discharged. | This policy is considered prudent as the trustees will only commit to expenditure once the funds are held by the charity. Holding some funds for the general running is considered prudent should we be unable to | trade for any period of time.

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We are always grateful when we are remembered by a legacy donation and during the year our legacy can support our work for the community. | income receivable was £104,301 (2023: £8,759). We continue to promote legacies as a way in which people | Other Income | Our other fund raising activities included draws, coffee mornings, lunch events, sundry sales and garden events. Thanks to the hard work of our volunteers in the year all the events raised a very welcome JOy £31,485 net income for the charity. | Expenditure | We donated £28,190 of equipment equipment and other items during the year. This includes commitments of £12,952 £12,952 | at 31 December 2024 and have sufficient resources available to fund further requests for much needed

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The League of Friends of The Shrewsbury and Telford Hospital

Report of the Trustees for the year ended 31 December 2024

FINANCIAL REVIEW

As with many other Charities and Businesses, our Fundraising activities and turnover from shops has at long last recovered from the effects of the COVID-19 pandemic. We have managed to generate funds of £1,203,080 and made charitable donations in the year, of £28,190. We retain unrestricted funds of just over £1,148,000. Our commitments to fund donations at 31st December 2024 were £12,952. The trustees are pleased with the financial position as we are in a position to make significant donations throughout next year. -

Income

Income is derived from the operation of shops, the receipts of legacies and other fundraising activities.

Shop Income

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Due to the dedication of our volunteers and helpers, shops were manned to provide an essential service to the hospital. The overall turnover generated was £1,020,573, representing a very creditable increase on the previous year. . This resulted in a gross profit margin of 42.3 % (2023: 39.6%). This increase in gross profit margin has been sustained despite increases in the price of goods purchased.

The trustees consider that the overall surplus on the shops of £166,270 represents a material improvement from the previous year, which was a period still slightly affected by COVID. Not only providing a much needed service to the hospital, its patients, visitors and staff this has also once again generated much needed additional funds for future use within the hospitals.

Legacy income

Expenditure We donated £28,190 of equipment equipment and other items during the year. This includes commitments of £12,952 £12,952 at 31 December 2024 and have sufficient resources available to fund further requests for much needed equipment. FUTURE PLANS Our aims are to continue the activities we have outlined above. We will continue to trade from our shops, hold fundraising events and to encourage legacies. We have a number of plans in place for events, changes to the ranges we sell in the shops and a plan to encourage more legacies. )

POST BALANCE SHEET EVENTS

On 3rd January 2025 the trading activities of our shops were incorporated into a Private Limited Company; The League of Friends of The Shrewsbury and Telford Hospital Shops Limited, a company limited by guarantee.

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The League of Friends of The Shrewsbury and Telford Hospital

Report of the Trustees for the year ended 31 December 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is established as an association and the principal governing document of the charity is its constitution which was last amended on 17 November 2014.

Recruitment and appointment of new trustees

The Trustees powers are derived from the Trustees Act 2000 and the right to appoint new trustees is conferred on them by the Association.

_Organisational structure

The management of the Association is conferred on the General Committee, which is the ultimate decision making body of the Association. The General Committee is made up of the Chairman, the Vice Chairman, Honorary Treasurer and 13 elected trustees. The General Committee delegates the day to day management of the Association to the shop manager L Herkes and organising secretary S Hurdiss. Two sub committees have overall responsibility for monitoring the shop and fund raising activities. These sub committees have been delegated responsibilities for specific sections of the work undertaken and management of the Association. The decisions of the subcommittee are ratified by the General Committee.

The members of the committee are elected every three years, retiring by rotation and nominations for the post shall be called by the Secretary of the Association through the medium of the annual general meeting.

Induction and training of new trustees

Many trustees are familiar with the work of our charity before becoming trustees and are aware of our aims, operations and benefits provided.

New trustees spend time with the chairman to familiarise themselves with the constitution, aims, operations and finances of the charity. In addition their responsibilities as trustees are also explained to them. Access to past and current financial information is made available and the current plans in operation are also discussed.

On a regular basis, existing trustees will spend time with new trustees to provide them with a fully rounded view oftheir responsibilities.

| Risk management appropriate controls are in place to provide reasonable assurance against fraud and error, | The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure relating to the operations and finance of the charity, and belleve that systems are in place to mitigate the | The Trustees actively review the major risks which the charity faces on a regular basis, in particular those | charity's exposure to the major risks,

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The League of Friends of The Shrewsbury and Telford Hospital

Report of the Trustees for the year ended 31 December 2024

; STRUCTURE, GOVERNANCE AND MANAGEMENT

. Trustees remuneration

None of the trustees receive any remuneration. We have a policy of reimbursing trustees any expenses they incur in undertaking their duties. During the current and prior year no expenses were paid.

Volunteer ethos

We rely on, and are indebted to, almost 200 operational volunteers who assist the charity. Volunteer roles range from shop staff, fundraising organisers and administration staff. Their work is vital in generating the funds which we use to donate equipment to, and support the hospital.

C ) REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 500509

Principal address

Royal Shrewsbury Hospital Mytton Oak Road Shrewsbury Shropshire SY3 8XQ,

Trustees

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Mr R Steventon (Chairman) Mr R Lawn (Vice chairman) Mr AJ Barker (Honorary Treasurer) Mrs M R Bone resigned 22nd May 2024 Mr C Ames resigned 22nd May 2024 Mrs S Davies Mr! Gilmour MrJ Mc A Hodgson Mrs D Jones Mrs CA King .Mr A Mace Mrs J M Mott Mr EA Potter Mrs J Preece Mrs S Skinner Mirs J Winwood

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The League of Friends of The Shrewsbury and Telford Hospital

Report of the Trustees for the year ended 31 December 2024

REFERENCE AND ADMINISTRATIVE DETAILS

Auditors

WR Partners

Chartered Accountants and Statutory Auditor Belmont House

Shrewsbury Business Park

Shrewsbury Shropshire SY2 6LG

Bankers

Lloyds Bank Plc 1 Pride Hill Shrewsbury Shropshire SY1 1DG

TRUSTEES' RESPONSIBILITY STATEMENT

The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards Including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice}.

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view ofthe state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing these financial statements, the trustees are required to:

select suitable accounting policies and then apply them consistently;

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observe the methods and principles in the Charities SORP; - make judgments and accounting estimates that are reasonable and prudent; - state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements, and
prepare the financial statements on the going concern basis unless it is Inappropriate to presume that the charity will continue in business.

The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial ‘statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed/constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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The League of Friends of The Shrewsbury and Telford Hospital

Report of the Trustees for the year ended 31 December 2024

Approved by order of the board oftrustees on 28 May 2025 and signed on its behalf by:

Mr R Steventon (Chairman) Trustee

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Report of the Independent Auditors to the Trustees of The League of Friends of The Shrewsbury and Telford Hospital

Opinion

We have audited the financial statements of The League of Friends of The Shrewsbury and Telford Hospital the(the Balance'charlty')Sheet, for thethe yearCash endedFlow 31Statement Decemberand 2024notes whichto the comprisefinancial thestatements, Statementincluding of Financiala summary Activities,of ||| significant accounting policies. The financial reporting framework.that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted | | Accounting Practice). | |In our opinion the financial statements: - give a true and fair view of the state of the charity's affairs as at 31 December 2024 and of Its incoming ! resources and application of resources, for the year then ended; | | - Practice;have beenandproperly prepared in accordance with United Kingdom Generally Accepted Accounting | | - have been prepared in accordance with the requirements of the Charities Act 2011. | - CY Basis for opinion | : We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors’ responsibilities for the audit of the financial statements section of our report. We are independent of the | charity in accordance with the ethical requirements that are relevant to our audit of the financial 7 statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation ofthe[financial] statements[is][appropriate.] Based on the work we have performed, we have not Identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. ;

Other information

The trustees are responsible for the other information, The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the financlal statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information Is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatementof this other information, we are required to report that fact. We have nothing to report in this regard.

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Report of the Independent Auditors to the Trustees of The League of Friends of The Shrewsbury andTelford Hospital

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or
sufficient accounting records have not been kept; or
the financial statements are not in agreement with the accounting records and returns; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of trustees

As explained more fully in the Trustees' Responsibilities Statement, the trustees are responsible for the preparation ofthe financial statements which give a true and fair view, and for such internal control as the trustees determine Is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

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| below: | - we identifled the laws and regulations applicable to the charity through discussions with the Trustees and other management, and from our knowledge and experienceof the charity sector; | - we ensured that the management team collectively have the appropriate competence, capabilities and | skills to identify or recognise non-compliance with applicable laws and regulations; and : - identified laws and regulations were communicated within the audit team regularly and the team : remained alert to instances of non-compliance throughout the audit. ; We assessed the susceptibility of the charity's financial statements to material misstatement, including obtaining an understanding of how fraud how fraud fraud might occur, by: . | - making enquiries of management as to where they considered there was susceptibility to fraud, their ! knowledge of actual, suspected and alleged fraud; and : - considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and

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Report of the Independent Auditors to the Trustees of The League of Friends of The Shrewsbury and Telford Hospital

Our responsibilities for the audit of the financial statements We have been appointed as auditors under Section 144 of the Charities Act 2011 and report In accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue.a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We assessed the susceptibility of the charity's financial statements to material misstatement, including obtaining an understanding of how fraud how fraud fraud might occur, by: .

making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations,

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

agreeing financial statement disclosures to underlying supporting documentation; - reading the minutes of meetings of those charged with governance; and - enquiring of management as to actual and potential litigation and claim.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

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This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities : (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to | the charity's trustees those matters we are required to state to them in an auditors' report and for no other , purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other thanwe have the charityformed. and the charity's trustees as a body, for our audit work, for this report, or for the opinions | } ! |ssss Helen Plerce FCA , WR Partners Chartered Accountants and Statutory Auditor : Belmont House | Shrewsbury Business Park | Shrewsbury | Shropshire | SY2 6LG | 28 May 2025 |

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, Report of the Independent Auditors to the Trustees of The League of Friends of The Shrewsbury and Telford Hospital

Use of our report

! |ssss Helen Plerce FCA WR Partners

Chartered Accountants and Statutory Auditor Belmont House Shrewsbury Business Park Shrewsbury Shropshire SY2 6LG

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The League of Friends of The Shrewsbury and Telford Hospital

Statement of Financial Activities for the year ended 31 December 2024

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||||||||| |---|---|---|---|---|---|---|---| |2024|2023| |Unrestricted|Restricted|Total|Total| |fund|funds|funds|funds| |Notes|£|£|£|£| |INCOME AND|ENDOWMENTS|FROM| |Donations|and|legacies|2|121,045|-|121,045|28,599| |Other trading|activities|3|1,059,856|-|1,059,856|876,298| |Investment|income|4|22,179|-|22,179|17,883|©| |Total|1,203,080|-|1,203,080|922,780| |EXPENDITURE ON| |Raising funds|5|862,101|-|862,101|746,593| |Charitable| |activities|6| |Donations|to|Royal Shrewsbury|Hospital|28,190|-|28,190|199,130| |Other|39,280|-|39,280|37,504| |Total|929,571|-|929,571|983,227| |NET|INCOME/(EXPENDITURE)|273,509|-|273,509|(60,447)| |RECONCILIATION|OF FUNDS| |Total|funds|brought forward|874,536|-|874,536|934,983| |TOTAL FUNDS CARRIED|FORWARD|1,148,045|-|1,148,045|874,536|

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The notes form part of[these][financial][statements]

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The League of Friends of The Shrewsbury and Telford Hospital

Balance Sheet 31 December 2024

				2024	2023
		Unrestricted	Restricted	Total	Total
		fund	funds	funds	funds
	Notes	£	£	£	£
FIXEDASSETS
Tangible assets	11	39,925	-	39,925	43,569
CURRENT ASSETS
Stocks	12	20,984	-	20,984	28,831
Debtors	13	6,349	-	6,349	771
Cash at bank		1,141,297	-	1,141,297	932,633
		1,168,630	-	1,168,630	962,235
CREDITORS
Amounts fallingduewithin oneyear	14	(60,510)	-	(60,510)	(131,268)
NETCURRENTASSETS		1,108,120	-	1,108,120	830,967
TOTALASSETS LESSCURRENT LIABILITIES		1,148,045	-	1,148,045	874,536
		ee			ee
NETASSETS		1,148,045	-	1,148,045	874,536
FUNDS	15
Unrestricted funds				1,148,045	874,536
TOTALFUNDS				1,148,045	874,536

The financial statements were approved by the Board of Trustees and authorised for issue on 28 May 2025 and were signed on its behalf by:

eS Se aa Mir R Steventon (Chairman) Trustee

be Mr AJ Barker FCA (Honorary Treasurer)

The notes form part of these financial statements

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The League of Friends of The Shrewsbury and Telford Hospital

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|||||||| |---|---|---|---|---|---|---| |Cash Flow Statement| |for the|year ended|31|December|2024| |2024|2023| |Notes|£|£| |-Cash|flows from|operating|activities| |Cash|generated|from|operations|1|210,829|45,369| |Net cash|provided|by operating|activities|210,829|45,369| |Cash|flows|from|investing|activities| |Purchase|of tangible|fixed|assets|(2,165)|rt(1,469)| |ee|a| |Net cash used|in investing activities|(2,165)|(1,469)| |Change|in|cash and|cash|equivalents|in| |the|reporting|period|208,664|43,900| |Cash|and|cash|equivalents|at the| |_beginning|of the|reporting|period|932,633|888,733| |Cash and cash equivalents at the end| |of the reporting period|1,141,297|932,633|

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The notes form part of these financial statements

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The League of Friends of The Shrewsbury and Telford Hospital

Notes to the Cash Flow Statement ; for the year ended 31 December 2024

1, RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES

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||||||| |---|---|---|---|---|---| |2024|2023| |Net income/(expenditure)|for the reporting period|(as per the| |Statement of Financial|Activities)|273,509|(60,447)| |Adjustments|for:| |,|Depreciation|charges|5,809|6,354| |Decrease/(increase)|in|stocks|7,847|(7,323)| |(Increase)/decrease|in|debtors|(5,578)|10,907| |(Decrease)/increase|in|creditors|(70,758)|95,878| |Net cash|provided|by|operations|210,829|45,369|

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2. ANALYSIS OF CHANGES IN NET FUNDS

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||||||| |---|---|---|---|---|---| |At1.1.24|Cashflow|At31.12.24| |£|£|£| |Net|cash| |Cash|at|bank|932,633|208,664|1,141,297| |932,633|208,664|1,141,297| |Total|932,633|208,664|1,141,297|

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The notes form part of these financial statements

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The League of Friends of The Shrewsbury and Telford Hospital

Notes to the Financial Statements

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for the year ended 31 December 2024

1 ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘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) | applicable(effective 1inJanuarythe UK and2019)',RepublicFinancialof Ireland'ReportingandStandardthe Charities102 Act'The2011.FinancialThe financialReportingstaS t ementsandard | have been prepared under the historical cost convention. ! Going concern | At the time of approving the financial statements, the Trustees have a reasonable expectation that : C) 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, | ; Income | All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Shop sales represent the value of goods sold to staff, patients, their relatives and visitors to the | hospital, excluding value added tax. Legacy income represents legacies actually received prior to | the yearend, Gifts in kind are valued at the value in use to the association.

Expenditure

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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 a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources, Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

» expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities,
. other expenditure Includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities,

Allocation and apportionment of costs All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

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The League of Friends of The Shrewsbury and Telford Hospital

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| Unrestricted funds can be used in accordance with with the charitable objectives at the the discretion of the the trustees. | Restricted funds can only be used for particular restricted purposes within the objects of the charitycharity, Restrictions arise when specified by the donor or when funds are raised for | particular restricted purposes. | | statements.Further explanation of the nature and purpose of each fund is included in the notes to the financial

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Notes to the Financial Statements - continued for the year ended 31 December 2024

1. ACCOUNTING POLICIES - continued

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Shop improvements - 10% onreducing balance Office equipment - 15% on reducing balance Shop equipment - 15% on reducing balance Computer equipment - 20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with with the charitable objectives at the the discretion of the the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charitycharity, Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Pension costs and other post-retirement benefits

a,

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the | Statement of Financial Activities in the period to which they relate,

Financial instruments

The charity has financial assets and financial liabilities of a kind that qualify as basic financial instruments,

Basic financial assets, including trade and other receivables and cash and bank balances are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. Any impairment is recognised in profit and loss.

Basic financial liabilities including trade and other creditors are initially recognised at transaction price and subsequently carried at amortisation cost.

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The League of Friends of The Shrewsbury and Telford Hospital

Notes to the Financial Statements - continued for the year ended 31 December 2024

2. DONATIONS AND LEGACIES

DONATIONS ANDAND LEGACIES
	2024	2023
Donations	£ 15,455	£ 19,373
Gift aid	1,289	467
Legacies	104,301	8,759
	121,045	28,599

||
7||||in accordance with Section 5 ofthe Charities SORP (FRS 102), there was a legacy of £6,283 received|in accordance with Section 5 ofthe Charities SORP (FRS 102), there was a legacy of £6,283 received|in accordance with Section 5 ofthe Charities SORP (FRS 102), there was a legacy of £6,283 received| |---|---|---|---|---|---|---| |||||after 31st December 2024which would have been included within these Accounts (2023: £Nil).||| ||C)||3.|OTHERTRADINGACTIVITIES
|||| ||||||2024|2023| ||||||£|£| |||||Fundraising events|39,283|39,830| |||||Shop income|1,020,573|836,468| ||||||1,059,856|876,298| ||||4.|INVESTMENT INCOME||| ||||||2024|2023| ||||||£|£| |||||Investment income|22,179|17,883| ||||5.|RAISINGFUNDS||| ||(
i|)||Raising donations and legacies|2024|2023| ||||||£|£| |||||Fundraisingcosts|7,798|6,952|

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The League of Friends of The Shrewsbury and Telford Hospital

Notes to the Financial Statements - continued for the year ended 31 December 2024

5. RAISING FUNDS - continued

Other trading activities

	Other trading activities
			2024	2023
			£	£
	Openingstock		28,831	21,508
	Purchases	-	581,129	512,172
	Closing stock		(20,984)	(28,831)
	Staffcosts		228,105	197,104
	Repairs and maintenance		-	249
	Insurance		1,240	1,197
	Travellingexpenses		1,025	499
	Telephone		40	60
	Stationery, printing, postage and advertising Incidentals and sundries		968 -	2,091 63
	Bank charges and card fees		23,616	21,786
	Leasing oftills Depreciation		4,720 5,613	5,664 6,079
			854,303	739,641
	Aggregateamounts		862,101	746,593
6.	CHARITABLE ACTIVITIES COSTS
			2024	2023
			£	£
	DonationstoRoyalShrewsburyHospital		28,190	199,130

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The League of Friends of The Shrewsbury and Telford Hospital

Notes to the Financial Statements - continued for the year ended 31 December 2024

7. SUPPORT COSTS

! : : !

SUPPORT COSTS
			Governance
			costs
			£
Other resources expended			39,280
Support costs, included In the above, are as follows:
Governance costs
		2024	2023
		Other
		resources	Total
		expended	activities
		£	£
Wages Auditors' remuneration		32,898 1,700	31,007 1,700
Auditors' remuneration for	non audit
work		1,765	1,705
Printing, stationery, advertising and
postage		1,643	2,128
Sundries		840	501
Website costs		105	63
Voluntary helpers evening	&AGM	133	125
Depreciation oftangible fixed assets		196	275
		39,280	37,504

8, TRUSTEES’ REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023. ,

Trustees' expenses

There were no_ trustees' expenses pald for the year ended 31 December 2024 nor for the year ended 31 December 2023.

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( - }

The average monthly number of employees during the year was as follows:

----- Start of picture text -----
||||| |---|---|---|---| |2024|2023| |Administrative|staff|19|17|

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No employees received emoluments in excess of £60,000.

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |The average head count of employees|during the year was|19|(2023:|17).|The average number of| |full-time equivalent employees during the year|is analysed|as shown above.| |10.|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES| |Unrestricted|Restricted|Total| |fund|funds|funds| |£|£|£| |INCOME AND ENDOWMENTS FROM| |Donations|and|legacies|28,599|-|28,599| |Other trading|activities|876,298|-|876,298| |Investment|income|17,883|-|17,883| |Total|922,780|-|922,780| |EXPENDITURE|ON| |Raising funds|746,593|-|746,593| |Charitable|activities| |Donations|to|Royal|Shrewsbury|Hospital|199,130|-|199,130| |Other|37,504|:|37,504| |Total|983,227|-|983,227| |NET INCOME/(EXPENDITURE)|(60,447)|-|(60,447)|

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The League of Friends of The Shrewsbury and Telford Hospital

Notes to the Financial Statements - continued for the year ended 31 December 2024

10.	COMPARATIVES FOR THESTATEMENT OF FINANCIALACTIVITIES - continued	COMPARATIVES FOR THESTATEMENT OF FINANCIALACTIVITIES - continued	COMPARATIVES FOR THESTATEMENT OF FINANCIALACTIVITIES - continued	COMPARATIVES FOR THESTATEMENT OF FINANCIALACTIVITIES - continued	COMPARATIVES FOR THESTATEMENT OF FINANCIALACTIVITIES - continued	COMPARATIVES FOR THESTATEMENT OF FINANCIALACTIVITIES - continued
				Unrestricted		Restricted	Total
				fund		funds	funds
				£	;	£	£
	RECONCILIATION OF FUNDS
	Total funds brought forward			934,983		-	934,983
	TOTALFUNDS CARRIEDFORWARD			874,536		-	874,536
11.	TANGIBLE FIXEDASSETS	Shop improvements	Office equipment	Shop equipment		Computer equipment	Totals
		£	£	£		£	£
	COST
	At 1January 2024	110,297	6,980	161,456		5,485	284,218
	Additions	-	-	2,165		-	2,165
	At 31 December2024	110,297	6,980	163,621		5,485	286,383
	DEPRECIATION
	At 1January 2024	88,787	6,796	140,548		4,518	240,649
	Charge foryear	2,151	3	3,462		193	5,809
	At 31 December 2024	90,938	6,799	144,010		4,711	246,458
	NETBOOKVALUE
	At 31 December 2024	19,359	181	19,611		774	39,925
	At31 December2023	__21,510	184	__20,908		___‘967	__43,569
12.	STOCKS
						2024	2023
						£	£.
	Stocks					20,984	28,831

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The League of Friends of The Shrewsbury and Telford Hospital

Notes to the Financial Statements - continued for the year ended 31 December 2024

13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

----- Start of picture text -----
|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |2024|2023| |£|£| |||Trade|debtors|66|771| |||Legacies|receivable|6,283|2| |i|6,349|77| |2024|2023| |7|14.|. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR| |7| |:|Trade|creditors|25,341|20,592| |()|Taxation|and|social|security|20,363|18,895| |Other|creditors|14,806|91,781| |||60,510|131,268| |°15.|MOVEMENT|IN|FUNDS| |Net| |movement|At| |At|1.1.24|in|funds|31.12.24| |£|£|£| |Unrestricted|funds| |General|fund|874,536|273,509|1,148,045| |TOTAL|FUNDS|874,536|273,509|1,148,045| |é|)| |NZ| |Net|movement|in|funds,|included|in|the|above|are|as|follows:| |Incoming|Resources|Movement| |resources|expended|in|funds| |£|£|£| |Unrestricted|funds| |General|fund|1,203,080|(929,571)|273,509| |TOTAL FUNDS|1,203,080|(929,571)|273,509|

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The League of Friends of The Shrewsbury and Telford Hospital

Notes to the Financial Statements - continued for the year ended 31 December 2024

| | | : | | |

15. MOVEMENT IN FUNDS - continued Comparatives for movement in funds

----- Start of picture text -----
|||||| |---|---|---|---|---| |Net| |movement|At| |At|1.1.23|in funds|31.12.23| |Unrestricted|funds| |General|fund|934,983|(60,447)|874,536| |TOTAL FUNDS|934,983|(60,447)|874,536|

----- End of picture text -----

Comparative net movement in funds, included in the above are as follows:

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |7|Incoming|Resources|Movement||| |resources|expended|in|funds| |:| ||| |Unrestricted|funds|,| |7|General|fund|922,780|(983,227)|(60,447)||| |TOTAL FUNDS|922,780|-|(983,227)|(60,447)|||

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A current year 12 months and prior year 12 months combined position is as follows:

)j a

;

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |Net| |movement|At| |At|1.1.23|-|in|funds|31.12.24| |£|£|£| |Unrestricted|funds| |General|fund|934,983|213,062|1,148,045| |TOTAL|FUNDS|934,983|213,062|1,148,045|

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The League of Friends of The Shrewsbury and Telford Hospital

| |

Notes to the Financial Statements - continued ; for the year ended 31 December 2024 | 15. MOVEMENT IN FUNDS[-][continued] . | |A current year 12 months and prior year 12 months combined net movement in funds, included in : the above are as follows: |: resourcesIncomingIncoming Resourcesexpendedexpended Movementinin funds || £ £ £ | i Unrestricted funds | | General fund 2,125,860 (1,912,798) 213,062 | | —— —— ———— ony

----- Start of picture text -----
resourcesIncomingIncoming Resourcesexpendedexpended Movementinin funds
£ £ £
Unrestricted funds
General fund 2,125,860 (1,912,798) 213,062
—— —— ———— ony
eee ee —SSS=_== ——e——————EeEym
TOTAL FUNDS FUNDS 2,125,860 (1,912,798) 213,062
----- End of picture text -----

\ fos)

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TOTAL FUNDS FUNDS
----- End of picture text -----

16. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2024. ,

17. EXPENDITURE COMMITMENTS

There were commitments of expenditure of £12,952 as at 31st December 2024 (2023: £89,907),

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The executive committee have agreed to fund: -

£ Vascular Star Chair 775 Chairs for Fit2Sit - PRH 2,736 Stress Echo Bike Ergometer 9,441

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----- Start of picture text -----
12,952
----- End of picture text -----

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The League of Friends of The

Shrewsbury and Telford Hospital

Notes to the Financial Statements - continued for the year ended 31 December 2024 18. FUNDRAISING INCOME AND EXPENDITURE

an

	2024		2024	2023
	Income	Expenses	Net	Net
	£	£	£	£
SummerDraw	2,177	919	1,258	619
Christmas Draw	2,280	918	1,362	825
Coffee morning, raffles and meetings	1,945	-	1,945	4,156
Bridge Evening Art Exhibition	2,545 :	539 .	2,006 .	1,647 2,735
Flag days and collections	3,031	92	2,939	2,743
Mrs Mott -Glassware	-	-		1,000
Biscuit Club	-	-	-	2,580
Tennis event Subscriptions Gardens Open	2,336 604 2,413	244 - -	2,092 604 2,413	1,945 610 679
Wreath making	1,105	200	905	1,393
Flowers/Plant sales Whitchurch Branch Berrington Branch	498 1,800 4,813	450 : -	48 1,800 4,813	1,300 2,400 1,915
Quiz Night	1,722	512	1,210	1,466
GolfDay	5,241	3,051	2,190	-
Fizz and flowers	4,527	703	3,824	2,960
Abseil Event Flowershow stall Food demonstration	415 - 540	- - 120	415 - 420	- 1,395 510
Loton Park - Cakes Theatre -ChoirCollection	339 952	50 -	289 952	- -
	39,283	7,798	31,485	32,878

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||||TheLeagueofFriends ofThe
Shrewsbury and Telford Hospital||||
}| |---|---|---|---|---|---|---| ||||Detailed Statement of Financial Activities|||| ||||fortheyearended 31 December 2024||||| ||||||2024|2023|!| ||
é
é
,||||||| ||||||||| |:
INCOMEAND ENDOWMENTS||||||| |||Donations and legacies|||||| ||
:||Donations
Giftaid||15,455
1,289|19,373
467||| |||Legacies||104,301|8,759|| |)||||121,045|28,599|i| ||||Othertradingactivities||||7| |||Fundraising events||39,283|39,830|| |!|C PY|Shop income||1,020,573|836,468|:| ||||||1,059,856|876,298|| ||||Investment income||||| |||Investment income||22,179|17,883|;| |||Total incoming resources|-|1,203,080|922,780|| |||EXPENDITURE|||||| |||Raising donations and legacies||||| |||Fundraising costs||7,798|6,952||| |||Othertrading activities||||| |||Opening stock||28,831|21,508|| ||ra
or,|Purchases
Wages||581,129
216,973|512,172
188,019||| |||Social security||8,048|6,249|| |||Pensions||3,084|2,836|| |||Repairs and maintenance||-|249|| |||Insurance||1,240|1,197|| |||Travelling expenses||1,025|499|| |||Telephone||40|60|| |||Stationery, printing, postage and|advertising|968|2,091|)| |||Incidentals and sundries||-|63||| |||Bank charges and card fees||23,616|21,786||| |||Leasing oftills||4,720|5,664||| |||||||!| |||Carriedforward||869,674|762,393||

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Page 27

The League of Friends of The Shrewsbury and Telford Hospital

, | | , | ) : | ! , | | | | |, | , ,:

Detailed Statement of Financial Activities

for the year ended 31 December 2024

		for the year endedthe year endedyear endedended 31 December 2024
			2024	2023
			£	£
		Other trading activities
		Brought forward	869,674	762,393
		Depn ofshop improvements	2,151	2,389
		Depn ofshop equipment	3,462	3,690
		Closing stock	(20,984)	(28,831)
			854,303	739,641
		Charitable activities
		Sinus Navigation system	-	78,141
		Auto contouringfor Radiotherapy	-	16,054
		Vela mammography chairs (3)	-	7,059
		{	- \|GymequipmentforPhysiotherapydepartment Swan reclinerchairs (2) Vein sight equipment	1,954 - -
		Chairs for Cystoscopy Procedure room	629	-
i		Phlebotomy dept. Bleed Trolley& Coagucheck machine	-	1,932
i		Walking aids	1,790	-
		Sit2Fit Chairs A& E	4,410	-
		Microblology Equipment	5,987	-
:		VestibularGoggles (2023 Discount obtained) Utodynamics System	- 13,026	(263) -
		Portable Suction Pumps for Resus Training	1,396	-
			Stress Echo bike	9,441
			Movingand handlingequipment	-
:		Vascular star chair	:	775
}		Falls alarm system	-	4,980
7		Palliative care cuddle blankets	-	5,590
			Cooper surgical Saturn laser	-
oe	; We,	Recliner chairs (4) and lockers fordischarge lounge Sit2Fit chairs: PRH	- 2,736	3,372 ly. F
		Credit notes utilised/Previously agreed butwithdrawn byTrust	(13,179)	(1,996)
			28,190	199,130

This page does not form part of the statutory financial statements

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The League of Friends of The Shrewsbury and Telford Hospital

Detailed Statement of Financial Activities for the year ended 31 December 2024

----- Start of picture text -----
||| |---|---| |2024|2023| |£|£|

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----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |Support|costs| |Governance|costs| |Wages|32,898|31,007| |Auditors'|remuneration|1,700|1,700| |Auditors'|remuneration|for|non|audit work:|1,765|1,705| |Printing,|stationery,|advertising and| |postage|1,643|2,128| |Sundries|840|501| |Website|costs|105|63| |Voluntary|helpers|evening|& AGM|133|125| |Depreciation|of office|equipment|3|32| |Depreciation|of computer|equipment|193|243| |39,280|37,504| |Total|resources|expended|929,571|983,227| |Net|income/(expenditure)|273,509|(60,447)|

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Page 29

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The League of Friends of the
Shrewsbury and Telford Hospital
SHOP TRADING ACCOUNT
Year ended 31 December 2024
2024 2023
£ £ £ £
Income
Sales 1,020,573 836,468
Cost of sales
Opening stock 28,831 21,508
Purchases 581,129 512,172
—$—<__— ae
609,960 533,680
Closing stock (20,984) (28,831)
588,976 504,849
Gross profit 431,597 331,619
Wages and salaries 228,105 197,104
Insurance 1,240 1,197
Stationery, printing, postage
and advertising 968 2,091
Telephone 40 60
Travelling expenses 1,025 499
Repairs and maintenance - 249
incidentals and sundries - 63
Leasing oftills 4,720 5,664
Bank charges/card fees 23,616 21,786
Depreciation 5,613 6,079
265,327 234,792
Net shop surplus/(deficit) 166,270 96,827
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Page 30