## **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.
1
## **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:-
- select suitable accounting policies and apply them consistently;
- 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
2
## **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:-
- Examine the accounts under section 145 of the 2011 Act
- 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
- 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.
- (1) which gives us reasonable cause to believe that in any material respect the requirements
- to keep accounting records in accordance with section 130 of the Act 2011 Act; and
- 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
3
## **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.
4
## **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.
5
## **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**|
6
## **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**|
7
## **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**|
|---|---|
8
## **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.
9
## **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.
10