THE LEAGUE OF FIUENDS OF THE
BRECON HOSPITAL
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2025

THE LEAGUE OF FRIENDS OF THE BRECON HOSPITAL
INDEX TO THE FL¥4ANCIAL STATEMEIYTS
for the year ended 31 March 2025
Page
al and administrative details
Report of the Trustees
Report of the independent examiner
Statement of financial activities
Balance sheet
Notes to the accounts

THE LEAGUE OF FIUENDS OF THE BRECON HosprrAL
31 MARCH 2025
REFERENCE AND ADMINISTRATIVE ThFORMATION
Trustees
President
The Hon Dame Shan Legge-Bourke DCVO
Chairman
Dr Gill Todd
Secretary
Mrs P Morgan
Trcasurer
Col R Stafford-Tolley
Address of the Trustees
Cilgarenydd
Pontfaen
Brecon
Powys
LD3 9ND
Registered Charity Number
703090
Independent Examiners
WJJames&Co
Bishop House
10 Wieat Street
Brecon
Powys
Bankers
HSBC Bank plc
5 High Street
Bre¢on
Powys
Page I

THE LEAGUE OF FRIENDS OF THE BRECON HOSPITAL
REPORT OF THE TRUSTEES
for the year ended 31 March 2025
STRUCTURE, GOVERNAIYCE AND MAI¥4AGEMENT
The charity is constituted entirely of volunteers. Twstees 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 fonnal
training is offered. It is nornial for the new and old Treasurers lo work in tandem for a period of two montbs on a
change in this position.
Governing Doeument
The charity functions in line with the Charities Commission guidance and particularly that of public benefit. about
which the TTr￿teeS are aware and have complied in accordance with the Conimission's guidance.
The Charity has been governed by a documeni dated September 1985 as amended on 15 May 1990 and 16 May
2001 entitled "Rules and Objects of the League of Friends of the Brecon Hospital" This has been updated and
agreed by th¢ Conunittee and approved by thc Clwity Coullnission as a Constithtion ¢ff¢ctiv¢ from Septem
2020.
The prime object of the charity is to assist with the charitable work of the said Hospital by supporting patients and
fonner patients of Brecon Hospital who are sick, conval¢s¢ent, dAsable4 handicapped, infm or in need of financial
assistance.
Organl8ation
The Charity is constituted by an elected committee from the members of the League. It consists of a ChaiTperson,
Secretary and Treasurer and not less than 20 or more than 35 other members. At every Annual Generdl Meeting the
Conm]ittee retire, but are eligible for re-election.
The c<Jmmitt¢e ¢I￿ts a Chairperson and appoints a Treasurer from their nunLber and a Secretary who may or rnay
not be a Committee member. At least 4 meetings of the full committee must be held each year. A quorum of15 is
required to trdnsact 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 MeeL•ng.
The Trnskes who have served during the year atsd since the year-end are set out on page l.
Objectives and actlvities for the publie benefit
tn addition to the stated prime objecL the n]ain objects relevani to the activities of the charity are.'-
a) To rdise funds and to invite and receive contribution8 from any pcrson or persons or organi8ations
whatsoever by way of subscription. donation or othLrwi%c.
b) To %upplement 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
treatment of such patients or for the efficient nllming of th¢ hospital.
¢) To provide or assist in the provision of amenities in the Brecon Hospital for patients and stsff, including
the provision and running of the hospital shop.
The maill activities 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 not yield
very much. Their primary purpose is to keep the charity in the Eocal public eye and to encourage legacies.
Page 2

THE LEAGUE OF FRIENDS OF THE BRECON HOSPITAL
REPORT OF THE TRUSTEES (CONTINUED)
for the year ended 31 March 2025
b) A hospital shop is norn￿llY run on a weekday basis for the convenience of patients, staff and visitors. This
has not been open during the m08t part of this fiTVdncial year for the sale of convenience items appropriate
to patientslstaff, and the remaining refrets'hmcnt stock has either been ¥ifted or destroyed. We have. to ihe
latter part of the year re-stocked and re-opened the shop.
c) A liquid refreshment machine selling hoi drinks bas been removed. The hospital has invested in their own
hot drinks machine for which we have no responsibiliiy.
The trustees confum that they have referred to the Charity Commission's guidance on public benefit when
reviewing the Trust's aims and objectives, in planning ￿tl￿e activities, and setting the grant making policy for the
Grant D]aking policy
Each request is treated on its merits, with most medical and non-medical items placed in a priority order and the
overall payment ¢apped within an agreed limit based on a predicted annual income. This remains unchanged.
Aehievements and performance
The investment into the COIF Investment Fund Continues to provide encouraging returns. and has been closely
monitored. In year income gained has ]￿en consistent with previous years.
Fundlng pollcy
The Trnstees continue to exercise proper budgetary control. The League continues to be regarded as an essential
source that might assist with any shortfall in the Local Health Board Budget, in particular for Capital projects. The
preferred option has been for the Hospital to submit An writing a wish list by ISI ApTiI each year, in ord￿. 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 items listed in priority order thus enabling
the Money available to be spent on the most needed items. This was deterred last year but now recommenced
and we will continue to review the list &s further money above any capping be￿MeS available,
Financial review
No specific reserves are held. The League is reliant on 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 cR￿ltieS
Official Invesljnent Fund. Periodic rq￿rtS continue to be made to the Management Comn]ittee. and this ensures
that a close viatch is Lept on expellditure, consistent with money held and in year grants and donations, in order to
assist withplanned and ad hoc requesls.
Investment policy and performance
We have continued to hold £IOO.000 of In¢ome Bonds, the inter¢st from which is paid directly into the HSBC
Cutrent account. This is infornially regarded as a general reserve without speciftc designation. In the cu￿ent year
we made a loss on OUT investments of £22,067 and with interest of £17,879 paid into our current account to meet
hospital equipment costs. The value of the original investment of £300,000 {in 2015) is now £451.543 at 31 Ma￿h
2025
Page 3

THE LEAGUE OF FiUEIW4DS OF THE BRECON HosP￿AL
REPORT OF THE TRUSTEES (COiYTINUED)
for the year ended 31 March 2025
Plans for future periods
The TNstees, and the Management Conunittee, are strongly committed to supporting the Brecon Hospital for as
long as there is a need. They are keen to examine all requests, for equipment that have been through a thorougb
business apprdisal. 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 to give whole-hearted support to any
viable schemes that enhance the current services available ai the ho%pital.
Reserves policy
The Trustees continue to take the view that monies received .thould be u8cd, wherever possil)le, and where
applicable for the items for which they were donated, on a straightforward incomc and expenditure basis. The use
of the Reservcs, that is the tncome Bonds and the COIF Charities Invesiment Fund, will not be considered for use,
except where dcemed appropriate. to fijnd or part fijnd a larger requirement when it 1% not po&sible to meet this from
the Current Account, into which the interest accrued from all of the investments is detio.4ited.
Risk Illanagement
The Trustees see no real risks. Neverthele&8 Systems have been put in place to ensure regular monitoring, audit and
reporting to obviate any such possibilily.
General Dats Protection Regulations. The Trustees have implemented changes for Data Protection and have briefed
the management committee. A policy has been agreed and adopted.
Tru$tee$' responsibilities in relation to the financial statements
Tlie irnstees are responsible for preparing the Twstees, Annual Re￿rn and the financial statements in accordance
with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice).
The law applicable lo charities in England and 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 flnancial
pollv tion at the end of the year. In preparing those financial statements, the ttvstees are requiyd to:
Select suitsble accounting policies and then apply them consistendy,.
Make judgements and estimates that are reasonable and prudent:
Stale whether applicable accounting standards and statements of recommended prdctice have been
followed subjwt to any departures disclosed and explained ill the fjnancial statements. and
Prepare the fmancial statements on the goin¥ concern basis unle&s it is inapproprtate to presume that the
charity WAII continue in business.
The trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the
fmancial position of the charity aud which enable them to ensure that the financial statemcnts comply with the
Charities Act 2011, the Clwity {Accounls and Reports.) Regulations and the provisions of the trust deed. Financial
statements are prepared and presenied at each committee rneeling. The trustees are responsible for safeguarding the
assets of the charity and henc¢ for taking Te&8onable steps for the prevention and detection of fraud and other
irregularities.
Approved by the trustees and signed on ......... ...
on their behalf by .
r Gill Todd
Chairnw)
Page 4

THE LEAGUE OF FIUENDS OF THE BRECON HOSPITAL
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE LEAGUE OF FRIENDS OF
TIIE BRECON HosprrALS
I report to the charity trnstees on my examination of the accounts of the charity for the year ended 31 Mar¢h 2025
which are set out on pages 6 to I l.
Responsibilities and basis of report
As the charity's truste¢s you are responsible for the preparation of the accounts in accordance with the requirements
of the Charities Act 2011 (the 2011 Act).
I re￿rt in respect of my examination of the charity's accounts ca￿led out under section 145 of the Act and in
¢aTrying out my examination I hav¢ followed the Directions given by the Charity Commission under section
145{5)(b) of the ACL
Independent examiner's statement
I have Completed rny examination. I Confirni that no material matters have come to my attention in connection with
the examination giving me cause to believe that In any nMterial respect..
a¢￿UntIng records were not kept in respect of the chartty as required by section 130 of the Act. or
the accounts do not accord with those records. or
the accounts do not comply with the applicable requirements concerning the forn] and content of accounts set
out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts
give a 'true and fair view, which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention
should be drawn in this report in order to enable a proper understanding of the aGGounts to be reached.
0TN¢Adtr￿)
J M Roderick Bsc, ACA
WJJames&Co
Chartered Accountants
Bishop House
l O Wheat Stre¢t
Brecon
Powys
Page 5

THE LEAGUE OF FRIENDS OF THE BRECON HOSPITAL
STATEMENT OF FINANCIAL ACTIVITIES
(including income and expenditure account)
for the year ended 31 March 2025
Restrlcted Unrestrieted
funds
funds
Total
2025
Total
2024
Note5
Income and endowmenls
Donations and leg￿leS
8,773
8,773
8,496
Other trading activities
1,126
1,126
2,348
Investment income and illtcrest
17,879 17,879
17,185
TOTAL INCOME
27,778 27,778
28,029
Expenditure
Costs of raising funds
89
89
61
Expendithre on charitable aclivites
Grants payable
Governance costs
19.380 19,380
2.900
2.900
24,057
2.682
TOTAL EXPENDITURE
22.369 22,369
26,800
NET (EXPEF4DITUREVINCOME BEFORE
(ILISSES)IGAINS ON INVESTMENTS
5,409
5,409
1,299
Net (lossesygains on investment assets
(22,067) (22,067)
39,312
NET MOVEMENT IN FUNDS
(16,658) (16.658)
40,541
Recon¢iliolion offvnds."
Balances broughi forward
at l April 2024
664,213 664,213 623,672
Balances carTied fonvard
at 31 March 2025
647,555 647,555 664,213
Page 6

THE LEAGUE OF FRIENDS OF THE BRECOI¥4 HOSPITAL
BALAI¥JCE SHEET
as at 31 Mareh 2025
2025
2024
FLKED ASSETS
Investments
Note
551,543
573,610
CURRENT ASSETS
Short terni deposits
Cash at bank and in hand
26.056
71,492
26,056
66,017
97,548
92,073
CREDrroRS: Amounts falling
due within one year
io
1,536
1,470
NET CURRENT ASSETS
96,012
90,603
TOTAL ASSETS LESS CURRENT LIABILITIES
647,555
664213
FUNDS
Unrestricted
Restricted
647,555
664,213
647,555
664,213
Approved by tbe Board of Trustees on ..
. and signed on IL8 behalf by
R Stafford-Tolley
Trustee
iiot¢S OD pages 8 to I I forni part of these accounts
Page 7

THE LEAGUE OF FRIENDS OF THE BRECON HOSPIT.4L
NOTES TO THE FINANCIAL STATEMENTS
for the ye*r ended 31 ilIAr¢h 2025
ACCOUNTIIYG POLICIES
The financial statements have been prepared in a¢¢ordan¢e with the ch￿￿tIeS (Accounts and Reports)
Regulations 2008 and Accounting and Reporting by Charities: Statement of Recommended Practice
applicable lo charities preparing their accounts in a¢¢ordan¢e 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 tnLQt constktutes a public benefit entity as defmed by FRS102.
Aecountlng ¢onvention
The tinancial staternents are prepared on a going concern basis under the historical Cost Convention as
modified by -J]e iEvaluation of investments Éo market value. The financial ststements are presented in
8terling ivliitsh is the fimctional currency of the Charity.
Investr.-Jellts
Investsiiwt)ts are stated at market value at the balance sheet date, with gains or losses on revg41uation being
recognied in the Statement of Financial Activities.
Incoming resources
All income is recognised in the Statement of Financial Activities when the oonditions for receipt have beal
njet and the.re is reasor.sble assurance of receipt.
Donations arAd f olle.etions
DorAti.ons, c,"..IlecARQllS &nd all voluntary income is accounfrd for gmss when received.
Expendit￿￿&
All expeii.Jiture ts uccounted for gross, and when incurred.
DOIYATIONS AND LEGACIES
2025
2024
Unrestri-ted:.
DonaticAJs and Lollectians
Funerdi donations
Gift Aid
nbership SLibs¢riptions
806
6.771
476
720
5.906
1.580
190
820
8,773
8,496
OTIJEit TRAfilliG .4CTIVITIES
2025
2024
(Loss)/pro%t 01 eperdtion of vending machine (see note 4)
(Lossfvprofit on operdtinn of hospital shop (see note 4)
Flag Day
S￿4]MeT Fayre,
Concert
24
345
435
695
849
286
489
351
1,126
2,348
Page 8

THE LEAGUE OF FRIEJYDS OF THE BRECON HOSPITAL
NOTES TO THE FIIYANCIAL STATEMENTS
for the year ended 31 .Vlarch 2025
PROFIT ON TIL4DIIYG ACTIvrriES
2025
2024
Vending machlne
Sales
Cost of sales
92
68
Profitl(loss)
Hospital shop
Sales
Cost of sales
24
775
489
1042
697
Profitl{10&8)
286
345
FUNDk!AISING COSTS
Unrestricted
Fuuds
2025
2024
Coffee tdornlng
Summer Fayre
CoD.cert
20
20
30
io
21
69
69
89
89
61
GRANTS PAYABLE
Restricted
Fund
UnrestrleteAI
Funds
2025
2024
Powys','eaching Health Board:
Contr.'iJution to C1￿1stmaS presents
Powys t eaching Health Board Staff
Ckn.sunas xjay lunch
13 granii 12a24:10) to Brecon
W2r Mcmorial Hospital
435
435
68
68
18,877
18,877
24,057
Total I￿&.11tUtiollaI grants
19,380
19,380
24,057
COVERNANCE COSTS
Unrestricted
Funds
2025
2024
Independent examination fee
Insurance
Other costs
1,602
910
388
1,602
910
388
1,534
900
248
2,900
2,900
2,682
Page 9

THE LEAGUE OF FRIENDS OF THE BRECON HOSPITAL
NOTES TO THE ￿l￿￿CIAL STATEMENTS
for the year ended 31 March 2025
IIYVESTMENTS
2025
2024
Unlisted..
National Savings Income Bonds
ioo,(x)o
loo,000
Listed..
COIF Chariti¢s Investment Fund
451.543
473,610
551,543
573,610
Listed inveslmenfs..
Market value at l April 2024
Disposal pro¢eed8
Realised and unrealised (losses)Igains in the year
473,610
434,298
(22,067)
39,312
Market valiie at 31 March 2025
451,543
473,610
Historical co.yL at 31 tdarch 2025
305.768
305,768
SHORT TERM DEPOSITS
2025
2024
COIF Dknl)OSlt Account
26,056
26,056
io.
CRED￿0￿.s: AMOUNTS FALLL¥G
DUE W'T'fviN ONE YEAR
2025
2024
Accrue(i eNpeiises
1,536
1,470
1,536
1,470
Page 10

TIIE LEAGUE OF FRIENDS OF THE BRECON HOSPITAL
NOTES TO THE FINAP4CIAL STATEMENTS
for the year ended 31 Mareh 2025
ii.
ANALYSIS OF NET ASSETS BETWEEN FUI¥DS Restricted
funds
Unrestrficted
funds
Total
funds
Fund balances at 31 March 2025 are Tepresented by:
Fixed asset investtnents
Current assets
cu￿ellt liabilities
551,543
551,543
97,548
97,548
(1,536) (1,536)
647,555
647,555
12.
REMUNERATION OF TRUSTEES AIYD COIYI¥4ECTED PERSONS
No remuneration has been paid to Trnstees or connected persons during the year.
£nil (2024.. £nil) has been paid to nil (2024: nil) Trnstees in respect of expenses reimbursed for expenditure
incurred or. behalf of The League of Friends of the Brecon Hospital during the year.
13.
RELATED PARTY TRANSACTIONS
There were io rknlat￿ party transactions that require disclosure in these financial statements.
Pagell