THE LEAGUE OF FRIENDS OF THE
BRECOIY HOSPITAL
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024

THE LEAGUE OF FRIENDS OF THE BRECON HOSPITAL
INDEX TO THE FINANCIAL STATEMENTS
for thc year ended 31 March 2024
Page
Legal and administrative details
Report of the Trustees
Report of the independent examiner
Statement of financial activities
B21ance sheet
Note5 to the accounts

THE LEAGUE OF FRIENDS OF THE BRECON HOSPITAL
31 MARCH 2024
REFERENCE AND ADMINISTRATIVE INFORMATION
Trustees
Presidenl
The Hon Dame Shan Legge-Bourke DCVO
Chairnian
Dr Gill Todd
Secretary
Mrs P Morgan
Treasurer
Col R Stafford-Tolley
Address of the Truslees
Cilgarenydd
Pontfaen
Brecon
Powys
LD3 9ND
Registered Charity Number
703090
Independent Examiners
WJJames&Co
Bishop House
10 Wheat Sireet
Brecon
Powys
Bankers
HSBC Bank plc
5 High Street
Brecon
Powys
Page I

THE LEAGUE OF FRIENDS OF THE BRECON HOSPITAL
REPORT OF THE TRUSTEES
for the year ended 31 March 2024
STRUCTURE, GOVERNANCE AIYD MANAGEMENT
The charity is constituted entirely of volunteers. Trustees are appointed when an office falls vacanl, if and when a
willing volunteer can be found. Criminal Records Bureau clearances are sought where necessary. No forn)al
training is offered. It is norn]al for the new and old Treasurers to work in tandem for a period of iwo months on a
change in this position.
Governing Document
The charity Sjnctions in linc with the Charilieb Commission guidance and particularly that of public benefil about
which the Trustees are aware and have complied in accordance with the Commission's guidance.
The charity has been governed by a document daled September 1985 as amendcd on 15 May 1990 and 16 May
21)0 l entitled "Rules and Objects of the League of friends of the Brecon Hospital" This has been updated and
agreed by the Committee and approved by ihe Charity Commission as a Constitution effective from September
2020.
The prime object of the charity is to assist with the ¢haritable work of the said H05Pital by supporting patients and
fornier patients of Brecon Hospital who are sick, convalescent, disabled, handicapped. infTh or in need of financial
assislance.
Organisation
The charity is conbtituled by an elected committee from the members of the League. It Consists of a Chairperson,
Secretary and Treasurer and not less than 20 or more than 35 other members. At every Annual General Meeting the
Committee retire, but are eligible for re-election.
The commillee elects a Chairperson and appoints a Treasurer from their number and a Secretary who may or May
not be a committee member. At least 4 meetings of the full committee must be held each year. A qU0￿M of I S is
required to ￿nSact business.
The committee has the power to conduct the business of the League where the rules do not require these to be
exercised by the League in General Meeting.
The Trnstees who have served during the year and since the year-end are set out on page l.
Objectlves and aetivities for the pub]ic benefit
In addition to the stated prime object, the rnain objects relevant to the activilies of the charity are:.
a) To raise funds and to invite and receive contributions from any person or persons or Organisaiions
whatsoever by way of sub5CriPtion, donalion or otherwise.
b) To supplement the service provided by the Brecon Hospital for the health welfare and comfort of the
patients therein by the provision of facililies, buildings and equipment which may be required for the
trealment of such patients or for the efficient nmning of the hospital.
) To piovide or assist in the provision of amenities in the Brecon Hospital for patients and staff, including
the provision and rnnning of the hospital shop.
The main aclivities supporting these objects are:_
a) Fundraising.. An annual street collection in the towns of Brecon and Sennybridge. A Summer Fayre for the
sale of goods given for the occasion. These require effort by a small group of volunteers but do nol yield
very much. Their primary purpose is lo keep the Charity in the local publio eye and to encourage legacies.
Page 2

THE LEAGUE OF FRIENDS OF THE BRECON HOSPITAL
REPORT OF THE TRUSTEES {CONTINUED)
for lhe year ended 31 March 2024
b) A hospitsl shop is nonnally run on a weekday basis for the convenience of paiients, staff and visitor8. This
has not been open during the most part of this financial year for the sale of convenience items appropriale
to patienis/slatf, and the remaining refreshment stock has either been gifted or destroyed. We have, to the
latter part of the year re-sto¢ked and re-opened the shop.
c) A liquid refreshment machine selling hot drinks" has been removed. The hospital has inveqted in their own
hot drinks machine for which we have not responsibility.
The trnstees confirn) that they have referred to the Charity Commission's guidance on public benefit when
reviewing the Trust's aims and objectives, in planning future activities. and settingF thc grant making policy for the
year.
Grant making pollcy
Each request is treated on its merits. with most Jnedical and non-medical iten]s placed in a priority order and the
overall payment capped within an agreed limit based on a prediGted annual income. Thi5 rcmains unchanged.
Achievements and performance
The investment into the COIF Investment Fund continues to provide encouraging rebjrns, and has been Closely
monitored. In year income gained has been consisient with previous years.
Fundlng policy
Tlie T￿sleeS continue to exercise proper budgetary control. The League continues to be regarded as an essential
source that miglit assiqt with any shortfall in the Local Health Board Budgei, in particular for Capital projects, The
preferred option has been for the Hospital to submit in writing a wish list by l April each year, in order that the
Management Committee can consider them in advance of the Annual General Meeting. With a need to place a cap
each year on in year expenditure, the wish is a dynamic document with iten]s listed in priority order thus enabling
the money available to be spent on the most needcd items. This was defcffed last year but has now recommenced
and we will continue to review the list as further money above any capping becomes available,
Financial revieH'
No specific reserves are held. I"he League is reliant oll the income from its Flag Day. Autumn Fayre. the Shop and
interest from its National Savings Bonds and its. Deposit Account and Investment Account with the Charities
oiricial Investment Fund. Periodic reports continue lo be made to the Management Committee. and this ensurc
that a close watch 1% kept on expenditure, consislent with money held and in year grants and donations, in order to
assist with planned and ad hoc i'equesls.
Investment pollcy and performance
We have continued to hold £IOO,000 of Income Bonds, the interest from which is paid d1￿ctlY into the HSBC
currenl account. This is infornially regarded as a general reserve without specific designation. In the current year
we made a gain on our investments of £39.312 and with interest of £17,185 paid into our current account to meet
hospital equipment Costs. The value of the original investment of £300,000 (in 2015) is now £473,609.69 at 31
March 2024.
Page 3

THE LEAGUE OF FRIENDS OF THE BRECON HOSPITAL
REPORT OF THE TRUSTEES {CONTINUED)
for the year ended 31 Mareh 2023
Plans for future perlods
The Tn￿tees, and the Managethent Committee, are strongly committed to supporting the Brecon Hospital for as
long as there is a need. They are keen to examine all requesLs for equipment that have been ihrough a thorough
business appraisal. as long as the principle is maintained that repair. maintenance and training in relation to the
equipment is not the responsibility of the League. The Trustees will continue Éo give whole-hearted support to any
viable.￿herneS that enhance the current services available at the hospital.
Rewrves policy
The Trnstees continue lo take the view that monies received should be used. wherever possible, and where
applicable for the itcms for which they were donated, on a straightforward income and expenditure basis. The use
of the Reserves, thal is the Income Bonds and the COIF Charities lllvc8tment Fund, will not be considered for use,
except where decmed appropriate, to fund or part fund a larger requirement when il is not possible to meet this fron]
the Cu￿ent Account, into which the interest accrued from all of the investments is deposited.
Risk Mana¥ement
The Trustees see no real risks. Nevertheless systems have been put in place to ensure regular monitoring, audil and
reporting to obviate any such possibility.
General Dats Protection Regulations. The Trnstees have implemented changes for Data Protection and have briefed
the management commiltee. A policy has been agreed and adopfrd.
Trustees. responsibilities in relation lo the financfial stal¢ments
The trustees are responsible for preparing the Trnstees, Annual Return and the financial stalements in accordance
witli applicable law and Unikd Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Praclice).
The law applicable to charities in England and Wales requi￿$ the trustees to prepare fU￿nCIal statements for each
financial year which give a true and fair view of the charity's financial activities during the year and of its flnancial
position at the end of the year. In preparing those fmancial stat￿Ments, the trustees are required to:
Select suitable accounting policies and then apply them consistenily,.
Make judgements and estimates that are reasonable and p￿dent.
State whether applicable accounting %tandards and statements of recommended practice have been
followed subject to any departu￿5 disclosed and explained in the fU￿nCIal statements- and
PrepaTe the fjnancial statement% on the going concern basis unles8 It is inappropriatc to presume that the
charity will continue in businLss.
The trnstees are responsible for kceping accounting records which disclose with reasonable accuracy at any time the
financial po.4ition of the charity and which enable them to ensure that the financial statements comply wilh the
Chariticg Act 2011, the Charity (Accounts and Reports) Regulations and the provisions of the trust deed. Financial
statemcnls Are prepared and presented at each commitice meeting. The tru%tees are responsible for safeguarding the
asseL% of ihe charity and hence for taking reasonable si¢ps for the pl￿ention and detection of fraud and other
irregularities.
Approved by the trustees and signed on ..
on their behalf by .
Dr Gill Todd
Chairnian
Page 4

THE LEAGUE OF FRIENDS OF THE BRECOIY HOSPJTAL
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE LEAGUE OF FRIENDS OF
THE BRECON HOSPITALS
I report to the charity INslees on my examination of the a¢¢ounts of the Charity for the year ended 31 March 2024,
which are Set out on pages 6 to I l.
Responsibillties and basis of report
As the charity's trustees you are responsible for the preparation of the accounts in a¢¢ordance with ihe requirements
of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity's accounts caThied out under section 145 of the Act and in
carrying out my examination I have followed the Directions given by the Charily Commission under 8eclion
145(5)(b) of the Act.
Independent examiner's statement
I have compleled my examination. I confirni that no material matters have come lo my attention in comieclion with
the examination giving me cause to believe that in any material respect:
accounting records were not kept in respect of the charity as required by seclion 130 of the Act. or
the accounts do not accord with tho%e records. or
the accounts do not comply with the applicable requirements concerning the forn and ¢onlent of accounts set
oui in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts
give a 'tNe and faTr view, Ivhich is not a matter considered as part of an independent examinalion.
I have no concerns and have come across no other malters in conne¢tion with the examination to which attention
should be drawn in this report in order to enable a proper understanding of the a¢¢ounls lo be reacl)ed.
J M Roderick Bsc, ACA
WJJames&Co
Chartered Accountants
Bishop House
10 Wheal Street
Brecon
Powys
)5 Ho 2025
Page 5

THE LEAGUE OF FRIENDS OF THE BRECON HOSPITAL
STATEMENT OF FINANCIAL ACTIVITIES
(ineluding income and expenditure account)
for the year ended 31 March 2024
Restricted Unrestrieted
funds
funds
Total
2024
Totsl
2023
Notes
Income and endowments
Donations and legacies
8,496
8,496
3,043
Other trading activities
2.348
2,348
1,884
Investment income and intercst
17,185 17,185
17,556
TOTAL INCOME
28,029 28,029
22,483
Expendlture
Costs of raising fullds
61
61
97
Expenditure on charilable aciivites
Grants payable
Governance cosL8
24,057 24,057 265,065
2,682
2,682
2,722
TOTAL EXPEliDITURE
26,800 26.800 267,884
NET (EXPLI%DITURE)IINCOME BEFOR
(LOSSES)/GAINS ON INVESTMENTS
1,229
1.229 (245.401)
Net (losses)/gains on investment assets
39,312 39,312
(17,081)
NET MOVEMENT IN FUIYDS
40,541 40,541 {262,482)
Reconciliotion offvnds."
Balances brouLFht fonvard
at l April 2023
623,672 623,672 886,154
Balances Ca￿led forward
at 31 March 2024
664,213 664,213 623,672
Page 6

THE LEAGUE OF FRIENDS OF THE BRECON HOSPITAL
BALANCE SHEET
as at 31 March 2024
2024
2023
FIXED ASSETS
Investments
Note
573,610
534,298
CURREIYT ASSETS
Short tenn dep051ts
Cash at bank and in hand
26.056
66,017
26,056
64,718
92,073
90.774
CREDITORS; Amounts falling
due within one year
io
1,470
1,400
NET CURRENT ASSETS
90,603
89,374
TOTAL ASSETS LESS CURRENT LIABILTTIES
664,213
623,672
FUNDS
Unrestricted
Restricted
664,213
623,672
664,213
623.672
Inby Jiv
Approved by the Board of Trnstees on......-...............
. and signed on its behalf by
R stsfford-Tolley
Trustee
The notes on pages 8 to I I forni part of these accounts.
Page 7

THE LEACUE OF FRIETrIDS OF THE BRECON HOSPITAL
NOTES TO THE FINANCIAL STATEMENTS
for the )'ear ended 31 March 2024
ACCOUNTING POLICIES
The financial statements have been prepared in accordance with the Charities (Accounts and ReporL8)
Regulations 2008 and 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 issued in October 2019 and the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102).
The ttvst constitutes a public benefit entity as defined by FRSIO2.
Accounting convention
The financial statements are prepared on a going concern basis under the historical cost convention as
modified by the revaluation of investments to market value. The financial statemenls are presented in
sterling which is the thctional Cu￿enCY of the charity.
Investments
Investments are stated al market value at the balance sheet date, with gains or losses on revaluation being
recognised in the StatemLnt of Financial Activities.
Incon)ing resources
All income 1% recogniqed in the Ststcmenl of FinanGial Activities when the conditions for receipt have bcen
met and there is reasonable assurance of receipl.
Donations and collections
Donations, collections and all voluntary incon]e is accounted for gro&s when received.
Expenditure
All expenditure is accounted for gross, and when incurred.
DONATIONS AND LEGACIES
2024
2023
Unrestricted:_
Donations and collections
Funeral donation5
GÉft Aid
Menibership sub%LriPtions
5,906
1.580
190
820
,555
630
178
680
8,496
3,043
OTHER TRADING ACTIVITIES
2024
2023
(Loss)/profit on operation of vending machine (see note 4)
(Loss)/profit on operation of hospithl shop (see note 4)
Autumn Fayre
Flag Day
Open Garden
Coffee Morning
Summer Fayre
Conc¢rt
24
345
(39)
(346)
424
497
1,299
49
435
695
849
2.348
1,884
Page 8

THE LEAGUE OF FRIENDS OF THE BRECON HOSPITAL
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024
PROFIT ON TRADING ACTIVITIES
2024
2023
Vendfing machine
Sales
Cost of sales
92
68
31
70
ProfiV(loss)
Hospital shop
Sales
Cost of sales
24
(39)
1042
697
170
516
ProfiV(loss}
345
(346)
FUNDIL41SING COSTS
Unrestricted
Funds
2024
2023
Autumn Fayre
Coffee Morning
Open Garden
Summer Fayre
Concert
io
io
77
30
30
10
21
io
21
61
61
97
GRANTS PAYABLE
Restrieted
Fund
UDrestricted
Funds
2024
2023
Powys Teaching Health Board:
Conlribution to Car Park
10 grants (2023:8} to Brecon
War Memorial Hospital
250.000
24,057
24.057
15,066
Total institutional grants
24,057
24,057
265,066
GOVERNANCE COSTS
Unrestricted
Funds
2024
2023
Independent examination fee
Insurance
Other costs
1,534
900
248
1,534
900
248
1,400
855
467
2.682
2,682
2,722
Page 9

THE LEAGUE OF FRIENDS OF THE BRECON HOSPITAL
IYOTES TO THE FINANCIAL STATEMEY4TS
for the year ended 31 March 2024
INVESTMENTS
2024
2023
Unli.Yted..
National Savings Income Bonds
loo,000
i 00.000
Listed.-
COIF Charities Investmeni Fund
473,610
434,298
573.610
534,298
Li.Fted iniyestments..
Market value at l April 2023
Disposal proceeds
Realised and unreali5ed (losses)Igains in the year
434,298
451,379
39,312
(17,081)
Market value at 31 March 2024
473,610
434.298
Historical co%t at 31 March 2024
305,768
305,768
SHORT TERM DEPOSITS
2024
2023
COIF Deposit Account
26,056
26.056
io.
CREDITORS: AMOUN'fs FALLIIYG
DUE WITHIN ONE YEAR
2024
2023
Accrued expen%es
1,470
1,400
1,470
1,400
Page 10

THE LEAGUE OF FRIENDS OF THE BRECON HOSPITAL
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 Mareh 2024
ii.
AiYALYSIS OF IYET ASSETS BETWEEN FUIYDS Restricted
fund5
Unrestricted
funds
Total
funds
Fund balances at 31 March 2024 are represenied by..
Fixed asset investments
Current assets
Current liabililies
573.610
92,073
(1,470)
573,610
92,073
(1,470)
664,213
664,213
12.
REMUIYEIL4TIOI¥4 OF TRUSTEES AND CONNECTED PERSONS
No remulleration has been paid to Trustees or connec*d persons during the year.
£nil (2023.. £nil) has been paid to any {2023". nil) Trustees in respect of expenses T¢imbursed for
expenditure inCu￿ed on behalf of The League of Friends of the Brecon Hospital during the year.
13.
RELATED PARTY TRANSACTIONS
There were no related i)arty transactions that require disclosure in these ftnancial statements.
Pagell