LEAC.UE OF fj'IULPIDS OD. THE VICTORIA MEMORLIL HOSPI I'AL WEiSHPOOL ANNUAL REPORT AND ACCOUN'rs FOR THE YEAR ENDED 31ST MARCH 2025 Re8i5tered CILarity.' 500809
LEAGUE OF F DS OF THE VICTORiA MEMORIAL HOSPITAL WELSHPOOL THE TRUSTEES, AIYNUAL REPORT FOR THX YEAR ENDED 31ST MARCH 2025 Th¢ L¢agu¢ was ¢stablish¢d on 17th March 1970 and is a regisiered Charity (Number 500809) It wa5 established to help the patients tfftd ch&ritable works of the local hospital. The League does not have any employees nor does IÈ engag¢ prof¢ssional futsd_raisers. The Trustecs have paid due regard to the guidance issued by The Charity Commission in deciding w'hat activities the charity should undertake. Bankers and Investors Lloyds TSB, Barclays Bank PLC (fonDcriy Stslldard Life), CCLA Investment Management and CAF Bank Accountants Cadwallader & Co LLP. Chartered Accountant5 Eagl¢ House. 25 Severn Street Welshpool. Powys, SY217AD Trllstees: Pam Owen rBE Derek Simms Sue Usmar Frances Grassi Officers: President Vice President Chaio)erson Vice Cbair Sccretary TTcasuTer Treasur¢r Pam Owen MBE Mary Evans Sue Usmar Derek Simms Frances Grassi Paul Ingrdm (Resigncd 26th Sept 2024) Carol Stranks (Appointcd 26th Sq)t 2024) Membcrs: Glyllis Allen Jean Beh Val EdwaTds Helell Eakins Dave Eakins Helen Evans Mary Evans Kathleen Fisber Angela Foale Frances Grassi Peter Gs1 Jall¢ HughLS Cary Hughes Sylvia Jone5 Kim Lloyd Pam Owen Sheila Pickstock Rutll Price Linda Rowlands Heath¢r Sherlock D¢T¢k Simm5 Carol Stranks Maggie Townsend Sue Usin SUL Willi4un8 Wclldy Williallts The ttague holds fonnal meetings on a regul&r bagis and also organises fuTJd-raising etrtnts.
tP4DEPENDENT EXAMINER'S REPORT TO THE MEJKBERS OF LEAGUE OF FRIENDS O E VICTOIUA MEMORIAL HOSPITAL WE We report on the accounts of the League for the Year ended 3 1st March 2025, which are set out on pages 4 10 8. Respedive Responsibilities of Nlembers the L¢agu¢ 4nd Examiner As members of the League, you are responsible for the preparation of ihe accounls- you consider that an audit is not required under section 14412) of the CFJaTities A¢1 2011 (tbe Act) olld tbai independent examination is needed. It is our responsibility to'.- Exarnine the ac(-OUnts under gection 145 of the 201 l Act To follow the procedures laid doivn in the general dtrections givcn by the Charity CoJ)]mission under section 145(5)b of the Aci 201 I. and To state whether particular matt¢rs bave come to our attention. Basis of lftdependeni Examinerls Report Our examination was canied oui in accordance witb the General DirectiODS given by the Charity Commissioners. An examination includes a revivw of the accouniing records kept by The League and a compatisoD ofthe accounts preqented witb those records. It also includes consideralion of any unusual items or dis¢losur¢s in th¢ a¢counls, and seeling explanations fTom you as members of the League concerning any suGh Matters. The pro¢edur¢s undertaken do not provide all the eviden¢e that would be r¢quired in an audi4 atld c(TrDs¢quentl}' we do not express an audit, and consequently no opinion is given as to whether th¢ accounts pres¢nt a tru¢ and fair ajkd the repon is limit io those matters set our in the statcnient below. Independtnt Ex#miDer's Statement In connection with our exnInatiOn, no mattel has corne to our att¢nlion. (l) which giTres us reasonable Lause to believe that in any Lnaterial respect tbe requirements to keep accounting records in accordance with se10n 130 of the Act ?01 l Act" and to prepare accounts which accord with the accounting records and to comply with the aLCOlmting requirements of the 2011 ALt. have not been met. or (2) to MrhiLh in our opinion. alleniion Should be drawn in ordeT ti) enable a prupcr underblanding of the aLLounty to be reached. Cadwa118der & Co LLP, Chartered Accountants 25 S¢i'ern Slieet Welsbpool Powys SY217AD
LEAGUE OF FRiETrIDS OF THE VICTORiA MEMORtAL HOSPITAL WELSIiPOOL The actii4ties of the League thiring tbe year are noted in detail in the attached Accounts and rhe Lea8ue is especially proud of the fact tjwt, due to the willingttess of its mernbers. its expendittlre on fvnd-raising is almost negligible. The notes of these Accounis show the help given to the patienis attd the general delivery of the charitable WO of the hospital. Liaison ¢ontinu¢s with Powys Teachi Health Board regardittg the effective and prudcllt exercisc and delivery of the objects of tb¢ Cbarity. The League As the beneficiary of two estates. the administration of which is nol Gomplete. due to delays ill the related property sales. inancial Revie 'unding ¢omes from a number of individual donors. legacies and fundraising. A large legacy? initially advised in 2020, has been giiien and the League has b¢¢ii able to negotiate with the Powys Health Board to build a staff dining room extension for th¢ benefit of staff dnd to this build completed in Dec 2025, otber areas ill the hospital can noiv be used for the benefit of patient5 r¢habili¢ation. £300,000 has br¢n approi'¢d for the help towards th¢ build. R83erves PoliLy The Leaguc still continue to support the hospital with r¢quests re1ve for equipm¢nt and n¢S Io i7llPTOV¢ the servic¢ for patients and so the Trustees feel that giN'en tbe value of hospital equipmeDt and constru¢tion seTViC¢S it is appropriate to keep a higb level ofTes¢D'¢s lo ¢nsure any assistance con b¢ 8iYen as and when needed. Trustees, Responsibilities for the Financi81 Statements: Law applicable to charities in England & Wales requires the trustees to prepare fllmllcial statements for eaeh fmancial year ,hich give a true and fair vieiv of th¢ Charilgs financial activities during the year and of its finafteial positiol) at ihe end of the year. Tn preparing financial Ststemen giving a trn and fair view, the trustees f&re required to:_ select suitablL aLLounting PLilityics and apply them consistently- make judgements and estitn&te5 that are rea60n3ble prudent: state wbetber applicable 2ccountitkE sfAndards and statements of recoinmended practiGe have been followed, subjcct to any departur¢s disclosed and explained li) the fin2ncÉ21 statemcnts. prepare tbe financial stalement5' ou the going basis unless IL is inappiopriatr to PTesumc that thc chlty will contille in operaiion. The trustees are responsible for keeping accounting refjords which disclose with reasonable a¢ourd¢y the financial position of th¢ Charity and which enable them lo ascertai the financial position of the Charity and whioh enable them to ensur¢ that the finan¢ial slatements comply with Section 132 of the Charities Act 201 l. They are also sponSible for safeguarding the assets of the Charity and hence for taking reasonable steps for the pr¢vention and det¢¢tion of fraud and other irregularities. Sue Usmar Chairperson
LEAC.UE OF FRLENDS OF THE VICTORIA MEMORIAL HOSPITAL WELSHPOOL STATEMEP4T OF FIIIANCIAL ACTIIIITIES FOR TIIE YEAR ENDED 31ST MARCH 2025 INCOME AND EXPENDITURE Notes 2025 Total Funds 2024 Total Funds Ineome Resourees: Royaliics, Bcqucsts and Donalions Fund-Raising Appeals Investmcnt Incoinc Total Income 47,825 91,033 21 11,245 102,299 10,415 58,240 Resources Expended: Direct Charitable Eypenditure Fund-Raising Managem¢nt and Adrninistration Tota] Expenditure 39,122 7,919 888 1,625 1,756 40,878 Net IncominE Resourcesl(Deficil) for thc Ycar General Funds Brought Forward 17.362 1,054,40 I 91.X67 962,534 General Funds Carried Fonvard io 1,071,763 1,054,401 The notes on pages 6 to 8 form an integral part of these accounts.
LEAGUE OF FIUEf4DS OF THE vIORiA MEMORiAL HOSPITAL IVELSHPOOL BALANCE SHEET AS AT 31ST TrL4RCH 2025 Notes 2025 2024 FIXED ASSETS Investments 343 343 CURREIYT ASSETS Cash at Bankers 1,071.780 1,071,780 1,054,418 1,054,418 CREDITORS Amounts falling due wiihin one year 360 360 360 1,071.420 360 1,054,058 1,071,763 1054,401 TOTAL ASSETS LESS CURREN[ LL4BILITIES General Funds io .071763 1054 4DI 1,071,763 1,054,4DI Approved by the Trustees on 19th Janiiary 2026. and 5i8Ded on their behalf :_ ecretary The notes on pages 6 to 8 forni an integral part of these accounts.
LEAGUE OF FRLENDS OF THE vicfoRtA MEMORtAL HOSPITAL WEiSHPOOL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST M,KRCH 202 ACCOUNTINC POLICIES Basis of Aceountittg The statement ot accounts have been prepared in accordance with Ihc Provisions ol Ihe Charities Ae( 2011. the Statement of Recommended Practice Accoullting by Charities and applicable accouniing sLalldards. Income Dotthtions and legacies are accounLcd tOT whcn reccivcd by tbe AssociaLion. Other incoiue accounted for on an accrutsls basis as tar as it 1% pmdent tn dr) so. Income includcs incomc lax rccovcrabl¢. Gifts in Kind The cbarity Teceived the benefit of work caJTied out by Folunteers without charg¢. No value is placed on these items. Taxation As a registered chariry, the League is generally ¢x¢mpt froffl Income Tax and Capital Gains Tax, but no[ from VAT. Irrecovei'able VAT is included in the co.lt of thos¢ items lo which it relalcs. Emvestmellts Realis¢d gains and10sse5 e taken to the Jn¢om¢ alld pendIture account. tnvestment income Iw b¢en lak¢n into account on Ibe basis of the due date of pa)Thent. ROYALTJES, BEQUESTS AND DONA TIONS 2025 2024 Royaltieb LL'gdLiL8 & Bequests Gcn¢raE Donations In Memory Donations 494 41,592 889 81,930 4,829 3,385 91,033 47.825 FUND RAISING APPEALS Pa)pal - Cjiving Aid Powys Castle Concert 2025 2024 20 21
LEACUE OF FRIEINDS OF THE VICTnRiA MEMORIAL HOSPITAL WEiSHPOOL P40TES TO TifE ACCOUNTS FOR THE YEAR ENDED 31 ST MARCII 2025 STMENT llw4co Interest Rc1Ved - CaA Lnvestn]ent Management Barclays 2025 2024 6.853 3,515 10368 8,386 2,818 11,204 Dividends Received - Lloyds Banking Group 47 10.415 41 11245 DTRECT CHARrrABLE EXPF.NDITURE Pur¢hase of Medical Equipment Christmas Presents Gardcll Paillrlng and Materials Patio Furnittwe 2 x Chair Scales Caretray Trolley UPVC Windows Patio CvT]tribution Canopy Contribution PkLySiO dcp¥Klm¥nt wuiptnent 113 118 182 1.366 4,415 1,438 -518 7.694 3,004 26.500 1.693 39.122 7,919 39,122 7,919 FUNDRAISING EXPENDITURE Marquee Hire- Summer Con¢¢rt 888 888
LEAGUE OF FRiENDS OF THE VICTORiA MEMO NOTES TO THE ACCOUTriTS FOR THE YEAR ENDED 31ST MARCH 202 OSPITAL WELSHPOOL MANAGEMENT AYD ADTIqINISTRA TION Attend/Relate: Subscription and Insurance Officers, Expenses and Travel Costs Ec¢lesiasli¢al Insurance Baptist Church Donations and Room hire Flowers, P¢n and gift box Coffee morning supplies Engraving, Tickets and Bookmarks Independent Examiner's Fee 2025 21124 725 690 30 223 175 106 407 498 516 1,756 1,625 FIXED ASSETS II¥VESTMENTS The League is the Registered Holder of 1621 Ordinary 25p shares in Lloyd5 Ballking Group plc, the market valu¢ olwhich on 3 1st March 2025 wa5 £1177. The original holding was acquired at £NIL cost on the deMuallSati0ll of the Halifax Bui]ding Society &nd a further 928 shares were a¢quired during the year ended 3Lsi March 2010 via a rigbis issue al a ¢osl of £343. Market Value Listed Investments At )Isl March 2024 - 1621 Ordinary 25p Shares ffin Lloyds Banking Group plc. At 31st March 2025 Banking Group plc. 1621 Ordinary 25p Shar¢s ID Lloyds CREDTTORS: Amounts fAlllng due within one year ALLLiuntiAcy Fecs 360 £ 360 io. GENERAL FUF4DS Total Fund5 Total Funds 2025 2024 I,054,401 962.534 58,240 102.299 40.878) (10.432) 1,071763 £ 1054 401 At 31st March 2024 Income Resources for the Year Outgoing Resources for the Year At 31st March 2025 Net Current Assets 11171.763 £ 1,054,401
LEAGUE OF FRIEryDS OF THE VICTORIA MEMORLIL HOSPITAL WELSHPOOL SCHEDULE OF BE [IESTS AND GEThERAL DONATIONS FOR THE YEAR FNDED 31 ST MARCH 2025 ROYALTIES ITV Artistes Eqiiity No 4 AcCot 214 2SO 494 BEQUESTS LEGACIES Thwdora Hamer Harvey 40.000 1.000 284 308 41,592 J Carrick Michael Rvgerb GENERAL DONATIONS Genernl Donations F GTa5si- Op¢uing of garden John Coop¢r Forden Chapel 459 80 20 40 599 Tbis paue does not form part ol th¢ statutory account5.
EAGUE OF F r4DS OF THE VICTORiA MEMORiAL HOSPITAL WE SCHEDULE OF IN MEMORY DONATIONS FOR THE YEAR ENDED 31ST MARCH 2025 SHPOOL DONATIONS IN I¥IEMORY OF: JMO Emeyt Sieffans IMO William Arthur Powell IMO Samuel Marston IMO Teny Oiven rmo Wyndham Powell IMO Margftret Orrells tmo Thomas Clive Olen IMO Keu Gannon IMO lona Catherine Jon¢s IMO George Victor Piigh IMO Mytanwy Wilson 1250 20 200 60 200 770 685 425 330 5140 This page does not foTm part of the slathtory accounts. io