THE LEAGUE OF HOSPITAL FRIENDS - INVERCLYDE ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Scottlsh Charlty No. SC001318 THE LEAGUE OF HosprrAL FRIENDS- INVERCLYDE Year andad 30 September 2024 pag8 1 GENERAL INFORMATION TRUSTEES PRINCIPAL OFFICE INDEPENDEW EXAMINER Welsh Walker Limrted Chartered Accountants 179A Dalrymple Street Greenock PA15 1BX BANKERS Bank of ScA)Iland p 64166 West Blackhall Street Greenock PA15 1XG SCOThISH CHARITY NUMBER SC(Ki1318 page 2 THE LEAGUE OF HosprrAL FRIENDS- INVERCLYDE Yoar 8nd•d 30 Soptember 2024 TTUStees Annual Report and A¢¢ounts for the year ended 30 September 2024 Thè Trustees submit their Rewrt and FinarKial Statements for the year ended 30 September 2024. The finan￿al statements are prepared in a(LOrda￿ with tho accounting policies set out on page 9 and compty wf(h the Charilies and Trustee Investment (Scotland) Act 2005, the Charitles Accounts (Scotland) Regulations 2tKJ6 (as amended) ar¥J the Statement of Recommended Practits.. Accounting and Reporting by Charities {6ffBctive January 2019). OUR PURPOSES AND ACTivmES The objectwes of The League of Hospital Friends - lnVerc￿d8 are to encourdge an interest in thg well b8ing of patientslstaff in hospitals in Inverdyde manag8d by NHS G￿ter GlasgDW and Ctyde. ACHIEVEMENTS AND PERFORMANCE Summary of the main achlevements durlng tho year The overall resu￿ is a sU￿lUS of £28.072 ￿mpar￿1 to a surplus of £34.219 in 2023. This resutt is after we were al￿8 to SFeThY £123,002 (2023 - £73,795) on patients and community ameniti&s. FINANCIAL REVIEW Reserves pollcy and golng ¢on¢ern It is the policy of the charity to maintain unrestricted fU￿s, which are the free reserves of th8 charity. at a level not less than three months unr8Stricted expenditure and also to enable the Charty to react to a need at short notice Wlthout having to wait to raise addittDnal funds. This also ensur6s sufftient funds to cover managem8nt, administration and supwrt o)sts, and forthe disbursem8nt for patient amenities at short notice. Th8 ChaTty is fortunate to enjoy strong cashlk)w kmuse it tradas with onty few intsrruptions throughoLrt the 8ntir8 year and receives immediate credtts for ￿th cash and credit card transactions. Th918vel of trading receipts in the year have been notrceabty higher than the previoLts year. The Charity understands that tt has to meet the need of more and bwer bKIs frorn hospital departments while ensuring sufficient fund5 are retained to meet the Tea Barfs ongoiig reguLgr day to day expenditure. This has enabled the Charity to cope Comfortab￿ bMth the bKls al a hvJh8r level than had teen the case pr&o)vid. pag8 3 THE LEAGUE OF HosprrAL FRIENDS- INVERCLYDE Year ended 30 September 2024 Trustees Annual Report and Accounts forthe year ended 30 September 2024 (convd) REFERENCE AND ADMINISTRATIVE DEfAILS Cha number. SC001318 Our Advlsor8 Independent Examiners.. Welsh Walker Limited, 179A DaIryrnp￿ Street, Greenock, Bankers.. Bank of ScodaTrJ plc, 64-66 INest Blackhall Street. Greenock, PA15 1XG TTUStea5 The trustees and officers serving during the year and slnce the year end were as follows- STRUCTURE, GOVERNANCE AND MANAGEMEP Con5tttution and objects The League of Hospttal FrieThls- Inverdyde is a recogni58d Scottish Charity which is govemed by a Constitution. Methods of rocruiting and appolntlng new trustoes Trustee5 are appx)int8d from within the lo(21 communty and are Ltsually identified by existing Trustees as being individuals who are interested in the aim5 of the League of Hospital Friends and can contribute to meeting these aims. Detalls of any outsldo party who can appolnt trustees No outside parties Ixn aFwint Tr￿￿teeS. Relatsd parties and ¢Oknoperatlon wlth other organisations The charity recenies a grant from Inverclyde Council of 50% of the cost of tranS￿Lation of patients to hospital. on& of the other proJ￿ts of the chaTity. page 4 THE LEAGUE OF HosprrAL FRIENDS- INVERCLYDE Year ended 30 Septomber 2024 Trusteas Annual Report and Accounts for the year ended 30 September 2024 (¢onVd) Plans for future p?rl¢Jds The TTUStees recognis8 the n88d to ensure that th8 PriC8s charged to Tea Bar Customers are constantly monitored to 8nsure that incr8asgd costs from suppliers are passed on. Golng forward there Is a real need to maintain a heathy margin to enable bids to continue to b8 funded. Also given th8 reduction In some services and dIn￿ provkled at Inverclyde Royal Hospital in recent years the Trustses consider that the Tea Bgr has probabty rea¢hed its maximum capacity In terms of generating incom8. As a result. consideration is being gNen as to how to generate higher levels of donations as well as having other fvndraising activities to 8nable th8 Charity to meet th8 continuing level of Ir￿reased bids being submltted by Inverclyd8 Royal Hospital wards and d8partmants. Payments made to Trustfjes The Chartty reimbursed expenses to three Trustees during the year. totalling.. 2024 2023 £905 £871 Rlsk Managoment The TTUStees have examined the major strategic, business and operatKinal risks which the charity faces and confimi that systems have been estsblished so that the necessary steps can be taken to lessen these risks. TRUSTEES, RESPONSIBILtnES IN RELATION TO THE FINANCIAL STATEMEP Th8 trustges are respK)nsible for preparlry the Tnts Annual Report and the fina￿la1 statements in accordance with applicable law and United Kingdom AccountirvJ Standarrjs (United Kingdom Generally A￿pted Accounting Practice). In preparirKJ the financial staterr￿nts, the trustees are required to: Sele(A suitable accx)untiThJ ￿lIcIeS appty them consistenty" Observe th8 m8tFv)ds ar¥J PTiTKiths ofthe Charibes SORP.. Make judgements estimates that are reasonable and prudent, State whet￿r applir£bl8 accounliTrJ standards have been folkjwed, subject to any material departures disclosed and ewained in the financial statements.. and Prepare the finanaal statsments on the going basts unless ￿ is inappropriate to presume that the chartty wll conbnue in operation. Th8 TTUSt8es are reswnSIb￿ for keeping prop8r accounting records wh￿h disclose with reasonable accuracy at any lime the financial sy)sition of the ¢haiity and which en8ble them to ensure that th8 financial statements comply with the Charities and Tnjstee Imiestment {Scotland) Act 2005 aThl th8 Charities Accounts IS(JAland} Reguktions 2(￿￿ (as amormled). They are also reswnsible for safeguarding the assets of the chariiy a￿1 for the prevention and det￿tiOn of fr8ud and other irregularities. pag8 5 THE LEAGUE OF HosprrAL FRIENDS - INVERCLYDE Year ended 30 Septembor 2024 Trusto•s Annual Report and Accounts for the year ondod 30 September 2024 Basis of aGGountlng The Financial Ststements have teen prepared under the historical cost convention and in accordan￿ wth the Statement tsf Recnmmended pract1￿.. knounting and Rewrting by Charibes (revised 2015) and the Finarrial Reportiw Standard applicable in the UK and Republic of Ireland (FRS102) the CharttEs arKI Trustee Investsnent (So)tland) Act 2005 and the Charities Accounts (S￿￿and) ReguLgtions 2006 (as am8nded}. The ChaTity meets the (￿fin￿on of a benefft entty under FRS102. b) Preparatlon of the accounts on a golng concèrn basls The trustses have revIe￿d the wsition consi[krt￿ charity to be 8 going con¢em. The inGr8ased turnover for the year of £360,678 is at a level th8 trustses believe Can be comfortably maintained a￿] reinforces ts vlew of the trust888 th8t the going concem principle applies. c) Income Donatlons and slrnilar incomlng resourcos Donations a￿1 simiL4r incoming resources are included In the year in vthich Ihey are r￿1vable, wh￿￿ is vthen the chartty ￿￿TneS entit18d to the resource. Sales Sales are gross of Value Added Tax (VAT). Consid8rably less than s￿/0 attract VAT which is calculated by electronic till and the amount of outpul VAT is included as an expense. Donated Servlces In accordance Charitss SORP (FRS102). the gemr81 volunteer tnne is not recognised as income. d) Fund aGcountlng Unrestrlcted funds comprise th08e funds which thè Commtttee are free to use in a¢¢ordance wth the charitable objectNes. e) Resources exp•nd8d All exFeTrltiure is incl￿ed on an acmls basis is recx)gni8ed when there Is a legal or constructlV8 obligation to pay for the e￿nditure. All costs have been directty attributed to one of the fij￿IlDn81 (ztegori8s or Trsources expended in the Statement of Fina￿181 Activities. Stock stock is valued at the loV￿r of cost and net realISab￿ valu8. g} Cash at bank and In hand Cash at bank and in hand indthles ￿sh and shorttenn highly liquid investments wth a s￿rt maturTty of three months or less from the date of acquisition or opening of the deposf( or similar aeAx)unt page 10 THE LEAGUE OF HOSPITAL FRIENDS- INVERCLYDE Year ended 30 September 2024 Notes to th• Accounts (convd) h) Croditors and provlslo Creditors and provisions are r8cognis8d vkn8r8 th8 Gharity has a present obllg8tlon resultlng from a past event that wll probabty result ￿ the transfer of funds to a third party and the amount due to settle the obligatK)n ¢an be measured or estimated reliabty. Creditors and prowsicins are re(x)gnispAI at their setdement amount after allowirg for any trade discount due. I) VAT The Accounts are prepared on a VAT I￿U$1ve basis vAth the payments due to HMRC tseing shown as an expense in the Statement of Financial Aclrvitles. DONATIONS & SUBSCRIPTIONS 2024 2023 Donations & Collectlons Membership Subscriptior 9.843 156 9,436 122 9,558 All furKls are unrestri(*ed FUNDRAISING INCOME Tea Bar 360.678 292,940 360 678 292.940 All funds are unrestitted cosr OF RAISING FUNDS Tea Bar Purchases Value Added Tax Miscdlaneous Expenses 199,641 12,267 1,020 177,39g 8,698 1,438 212 928 187.535 All furHJs are unrestricted page11 THE LEAGUE OF HosprrAL FRIENDS- IWERCLYDE Year ended 30 September 2024 Not8s to tho Accounts (convdl CHARITABLE ACTIVMES 2024 2023 Patient & Community Amenities Transport Donations 121,903 70, 3,(K15 123,202 74,795 All ￿ndS ar8 unrestricted MANAGEMENT AND ADMINISTRATION cosr3 Annual Fees & SubscriptK)ns 50th AnniveT5ary Dinner Independent Examiner Fe8 Card Fees Insurance 815 776 2,381 1,610 2,240 308 1.810 4.114 326 7.065 7,321 All ftJTh￿s are unrestri¢Xed TAXATION As a Charty, The League of Hospital Frietmys - InverC￿de Is exempt from tax on income and gains falliThJ within section 1177 of the Corrx)ration Taxes AGt 2010 or s256 of the Taxation of Charge8ble Gains Act 1992 to the extent that tr￿se are applied to its charitable objects. No tsx charges have atisen in the Charity. NOTES TO THE CASH FLOW STATEMENT- NEf CASH FUNDS 2024 2023 Main Account Tea Bar Cash Float 90,946 58,862 275 73.045 47,372 275 150,083 120,692 ANALYSIS OF FUNDS BETWEEN RESERVES All the funds of the charity ar8 unrestrthd. 10. FINANCIAL COMMfrMEKrs At 30 September 2024 Tnkns in recognition of the continuing increase of the levels of business had committed to a srEnd of £132,818 for ￿uIpment as raqu88ted by depathients operating within Inverclyde Royal Hospital. pag812 WELSH WALKER 179A Dalrymple Street Greenock PA15 18X Tel. 01475 722233 Chartered Accountants INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE LEAGUE OF HOSPITAL FRIENDS- INVERCLYDE I report on the accounts of the tharity for the year erKled 30 Seplember 2024, whi¢h are set out on pages6to11. Rospe¢Ove responslbllltles of trustees and examiner The charity's Trustees are responsible for the preparation ofthe accounts in accordance Trmth the tems of the Charilies and Trustee Investsnent {So)tland) Acl 2LX)5 and the Charttlgs Accounts {Scotlandl R8gulations 20C6 {as amended). The charity's trustees consider that the audit requiremtsnt of Regulation 10 {1) la) to (cl of the Accounts RegutatK)ns does wt apply. It is my responsibilty to examine the accounts as requir￿j und8r secaton 4411Xc) ofthe Act and to state whether part￿ular matters have me to my attention. Basis of Independent examlnerfs statement My examination Is carried out in a￿arTh V￿th RegU￿n 11 of the Charliles Accounts (Scotland) Regu5allons {as amended). An examination inclLKles a review of th8 accounting r8cords kept by th8 charity and a comparison of t1￿ ac￿unt9 presented v￿th tkjse records. It also includes consideration of any unusual items or dlsclosures in the a(￿UntS. and Seeks exp1anatKjr￿ from the truste68 concerning any such matters. The wocedures ur¥Jertaken do rN)t provide all th8 eVider￿9 that would te required In an audit, and corwuerty I do rv)t express an audit oplnlon on the view giv8n by th8 counts. Independent examlnevs statement In the course of my examination. ￿ matter has come to my attention.. whKh gwes me reas0naE￿e trj believe that in any material respect the requirements: to keep accounting records in ac(x)rdance wilh Seo*K)n 4411Xa) of the 2005 Act and Regulation 4 ofthe 2006 A(Lounts R8gulatiorE, and to prepare a￿OUnts wh￿h accord vath accountirKJ records comply with Regulation 8 ofth8 2006 Accounts RegulatK)ns have mt I￿n met. or to which. in my opinK)n, attention should be drdwn in orderto enable 8 prorH understa￿j1￿3 of the acGounts lo be reached. 8th May 2025 Welsh al er Limit@ 179A Dalrym Street GREEWCK PA15 1BX page 13 THE LEAGUE OF HosprrAL FRIENDS - INVERCLYDE DETAILED INCOME AND EXPENDITURE AccouKr for the year ended 30 September 2024 2024 2023 INCOME Donations & Colkntions Memberfs Subscriptions Tea-Bar Sales Transport Grant 9,843 156 360,678 590 9,436 122 292,940 1,372 371,267 303,870 EXPENDITURE Te8-8ar Purchases H.M. Customs & Excis8 Mtscellan80us Expenses 50 Anntversary Dinwr Annual Fee and Subscription Indepondent Examiner Fee Insuran Bank Charges 199,641 12.267 1.020 177,399 8.698 1.438 2,387 776 1,610 308 2,240 815 1.810 326 219,993 194,856 SURPLUS FOR YEAR 151,274 109.014 Appropriated as folk)sws- Spent on Patienl & Communty AmenilEs Spent on Transport Donations 121,903 1,099 200 70,790 3,005 1.000 TRANSFERRED TO I {FROM) RESERVES 28,072 34,219