LEAGUE OF FRIENDS OF THE VICTORIA MEMORIAL HOSPITAL WELSHPOOL
ANNUAL REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31ST MARCH 2024
Registered Charity: 500809
LEAGUE OF FRIENDS OF THE VICTORIA MEMORIAL HOSPITAL WELSHPOOL THE TRUSTEES' ANNUAL REPORT
FOR THE YEAR ENDED 31ST MARCH 2024
The League was established on 17th March 1970 and is a registered Charity (Number 500809)
It was established to help the patients and charitable works of the local hospital.
The League does not have any employees nor does it engage professional fund-raisers.
The Trustees have paid due regard to the guidance issued by The Charity Commission in deciding what activities the charity should undertake.
Bankers and Investors
Lloyds TSB, Barclays Bank PLC (formerly Standard Life), CCLA Investment Management and CAF Bank
Accountants
Cadwallader & Co LLP, Chartered Accountants Eagle House, 25 Severn Street Welshpool, Powys, SY21 7AD
Trustees:
Paul Ingram Pam Owen MBE Derek Simms Sue Usmar Frances Grassi
Officers:
President Pam Owen MBE Vice President Mary Evans Chairperson Sue Usmar Secretary Frances Grassi Treasurer Paul Ingram Members: Estelle Bleivas Lyn Jenkins Hazel Evans Val Edwards John Burns Sylvia Jones Derek Simms Glynis Allen Maureen Burns Sue Williams Frances Grassi Helen Eakins Margaret Carey Margaret Morris Yvonne Williams Angela Foale Pat Evans Sheila Pickstock Mary Evans Dave Eakins Glenys Finney Ruth Price Pam Owen Helen Evans Kathleen Fisher Linda Rowlands Paul Ingram Kim Lloyd Cynthia Harvey Maggie Townsend Heather Sherlock Jean Beech Joyce Herbert Wendy Williams Jane Hughes Judith Hope Eirys Windsor Cary Hughes Ida Hughes Susan Usmar Peter Grassi
The League holds formal meetings on a regular basis and also organises fund-raising events.
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LEAGUE OF FRIENDS OF THE VICTORIA MEMORIAL HOSPITAL WELSHPOOL
The activities of the League during the year are noted in detail in the attached Accounts and the League is especially proud of the fact that, due to the willingness of its members, its expenditure on fund-raising is almost negligible.
The notes of these Accounts show the help given to the patients and the general delivery of the charitable works of the hospital. Liaison continues with Powys Teaching Health Board regarding the effective and prudent exercise and delivery of the objects of the Charity.
The League is the beneficiary of two estates, the administration of which is not complete, due to delays in the related property sales.
Trustees' Responsibilities for the Financial Statements:
Law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the Charity's financial activities during the year and of its financial position at the end of the year. In preparing financial statements giving a true and fair view, the trustees are required to:-
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select suitable accounting policies and apply them consistently;
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make judgements and estimates that are reasonable and prudent;
– state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements;
– prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the Charity and which enable them to ascertain the financial position of the Charity and which enable them to ensure that the financial statements comply with Section 132 of the Charities Act 2011. 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.
…………………………………………………. Sue Usmar Chairperson
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INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF LEAGUE OF FRIENDS OF THE VICTORIA MEMORIAL HOSPITAL WELSHPOOL
We report on the accounts of the League for the Year ended 31st March 2024, which are set out on pages 4 to 8.
Respective Responsibilities of Members of the League and Examiner
As members of the League, you are responsible for the preparation of the accounts; you consider that an audit is not required under section 144(2) of the Charities Act 2011 (the Act) and that an independent examination is needed. It is our responsibility to:-
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Examine the accounts under section 145 of the 2011 Act
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To follow the procedures laid down in the general directions given by the Charity Commission under section 145(5)b of the Act 2011; and
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To state whether particular matters have come to our attention.
Basis of Independent Examiner's Report
Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by The League and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as members of the League concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit, and consequently no opinion is given as to whether the accounts present a true and fair view and the report is limit to those matters set out in the statement below.
Independent Examiner's Statement
In connection with our examination, no matter has come to our attention.
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(1) which gives us reasonable cause to believe that in any material respect the requirements
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to keep accounting records in accordance with section 130 of the Act 2011 Act; and
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to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act.
have not been met; or
(2) to which in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Cadwallader & Co LLP, Chartered Accountants 25 Severn Street Welshpool Powys SY21 7AD
19th June 2024
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LEAGUE OF FRIENDS OF THE VICTORIA MEMORIAL HOSPITAL WELSHPOOL STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024
| INCOME AND EXPENDITURE Notes Income Resources: Royalties, Bequests and Donations 2 Fund-Raising Appeals 3 Investment Income 4 Total Income Resources Expended: Direct Charitable Expenditure 5 Fund-Raising 6 Management and Administration 7 Total Expenditure Net Incoming Resources/(Deficit) for the Year General Funds Brought Forward General Funds Carried Forward 10 |
2024 Total Funds 91,033 21 11,245 102,299 7,919 888 1,625 10,432 91,867 962,534 1,054,401 |
2023 Total Funds 42,631 143 3,550 |
|---|---|---|
| 46,324 | ||
| 29,275 54 2,436 |
||
| 31,765 | ||
| 14,559 947,975 |
||
| 962,534 |
The notes on pages 6 to 8 form an integral part of these accounts.
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LEAGUE OF FRIENDS OF THE VICTORIA MEMORIAL HOSPITAL WELSHPOOL BALANCE SHEET AS AT 31ST MARCH 2024
| Notes FIXED ASSETS Investments 8 CURRENT ASSETS Cash at Bankers CREDITORS Amounts falling due within one year 9 TOTAL ASSETS LESS CURRENT LIABILITIES FUNDS General Funds 10 |
1,054,418 | 2024 343 1,054,058 |
962,551 | 2023 343 962,191 |
||
|---|---|---|---|---|---|---|
| 1,054,418 360 |
962,551 360 |
|||||
| 360 | 360 | |||||
| 1,054,401 | 962,534 | |||||
| 1,054,401 1,054,401 |
962,534 962,534 |
Approved by the Trustees on 20th June 2024 and signed on their behalf :-
………………………………………………….
Paul Ingram Treasurer
The notes on pages 6 to 8 form an integral part of these accounts.
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LEAGUE OF FRIENDS OF THE VICTORIA MEMORIAL HOSPITAL WELSHPOOL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024
1. ACCOUNTING POLICIES
Basis of Accounting
The statement of accounts have been prepared in accordance with the provisions of the Charities Act 2011, the Statement of Recommended Practice Accounting by Charities and applicable accounting standards.
Income
Donations and legacies are accounted for when received by the Association. Other income accounted for on an accruals basis as far as it is prudent to do so. Income includes income tax recoverable.
Gifts in Kind
The charity received the benefit of work carried out by volunteers without charge. No value is placed on these items.
Taxation
As a registered charity, the League is generally exempt from Income Tax and Capital Gains Tax, but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.
Investments
Realised gains and losses are taken to the Income and Expenditure account. Investment income has been taken into account on the basis of the due date of payment.
| 2. ROYALTIES, BEQUESTS AND DONATIONS In Memory Donations 3. FUND RAISING APPEALS Paypal - Giving Aid Powys Castle Concert Royalties General Donations Legacies & Bequests |
2024 889 81,930 4,829 3,385 91,033 2024 1 20 21 |
2023 207 36,348 1,667 4,409 |
|---|---|---|
| 42,631 | ||
| 2023 54 89 |
||
| 143 |
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LEAGUE OF FRIENDS OF THE VICTORIA MEMORIAL HOSPITAL WELSHPOOL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024
| 4. INVESTMENT INCOME Interest Received - CCLA Investment Management Barclays Dividends Received - Lloyds Banking Group 5. DIRECT CHARITABLE EXPENDITURE Purchase of Medical Equipment 2 x Madison Chairs Recliner Chair - Occupational Therapy Portable Headlight and Kit Defibrillator Microwave & Toaster Christmas Presents Garden Painting and Materials Patio Furniture 2 x Chair Scales Caretray Trolley Contribution to W'pool Palliative Care Suite 6. FUNDRAISING EXPENDITURE Marquee Hire - Summer Concert |
2024 2023 8,386 3,005 2,818 510 |
|---|---|
| 11,204 3,515 41 35 |
|
| 11,245 3,550 |
|
| 4530 3730 4043 1848 182 1,366 4,415 1,438 518 - |
|
| 7,919 14,151 15,124 |
|
| 7,919 29,275 |
|
| 888 54 |
|
| 888 54 |
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LEAGUE OF FRIENDS OF THE VICTORIA MEMORIAL HOSPITAL WELSHPOOL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024
7.
8.
| MANAGEMENT AND ADMINISTRATION Attend/Relate: Subscription and Insurance Officers' Expenses and Travel Costs Acrylic Sign and Stand Engraving, Tickets and Bookmarks Independent Examiner's Fee |
2024 2023 690 689 30 380 360 407 533 498 474 |
|---|---|
| 1,625 2,436 |
FIXED ASSETS INVESTMENTS
The League is the Registered Holder of 1621 Ordinary 25p shares in Lloyds Banking Group plc, the market value of which on 31st March 2024 was £847. The original holding was acquired at £NIL cost on the demutualisation of the Halifax Building Society and a further 928 shares were acquired during the year ended 31st March 2010 via a rights issue at a cost of £343.
9.
10.
| Market Value CREDITORS: Amounts falling due within one year Accountancy Fees GENERAL FUNDS At 31st March 2023 Income Resources for the Year Outgoing Resources for the Year At 31st March 2024 Net Current Assets At 31st March 2023 - 1621 Ordinary 25p Shares in Lloyds Banking Group plc. At 31st March 2024 - 1621 Ordinary 25p Shares in Lloyds Banking Group plc. |
773 £ 847 £ 360 £ 360 £ 962,534 947,975 102,299 46,324 (10,432) (31,765) 1,054,401 £ 962,534 £ 1,054,401 £ 962,534 £ Total Funds 2024 Total Funds 2023 Listed Investments |
|---|---|
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LEAGUE OF FRIENDS OF THE VICTORIA MEMORIAL HOSPITAL WELSHPOOL SCHEDULE OF BEQUESTS AND GENERAL DONATIONS FOR THE YEAR ENDED 31ST MARCH 2024
| ROYALTIES ITV Artistes Equity No 4 Account BEQUESTS LEGACIES Florence Sandra Jean Proctor Michael Rogers GENERAL DONATIONS General Donations Sue Williams Robert Braun LEG Club W Brian Jones Guilsfield Gardening Club Donation towards Hospital Garden Forden Chapel Flower arranging society |
214 675 |
|---|---|
| 889 | |
| 23,295 58,635 |
|
| 81,930 | |
| 865 1286 498 1000 50 820 240 40 30 |
|
| 4829 |
This page does not form part of the statutory accounts.
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LEAGUE OF FRIENDS OF THE VICTORIA MEMORIAL HOSPITAL WELSHPOOL SCHEDULE OF IN MEMORY DONATIONS FOR THE YEAR ENDED 31ST MARCH 2024
| DONATIONS IN MEMORY OF: | £ | |
|---|---|---|
| IMO Eirys Lloyd Windsor | 665 | |
| IMO Glenys Edwards | 880 | |
| IMO Peter James | 320 | |
| IMO Maureen Anne Jones | 395 | |
| IMO Gwynne Hughes | 30 | |
| IMO John Thomas Jones | 25 | |
| IMO Cath Perry | 250 | |
| IMO Inge Dutton | 100 | |
| IMO Iris Rees | 500 | |
| IMO Bridget Hill | 220 |
3385
This page does not form part of the statutory accounts.
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