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REGISTERED COMPANY NUMBER: 07208770 (England and Wales)
REGISTERED CHARITY NUMBER: 1136143











Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Tenbury Community Hospital
League of Friends

Tenbury Community Hospital
League of Friends






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Balance Sheet 5 to 6

Notes to the Financial Statements 7 to 15

Tenbury Community Hospital
League of Friends (Registered number: 07208770)

Report of the Trustees
for the Year Ended 31 December 2023


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of 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 (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES
Objectives and aims
The objectives of the League are to assist the welfare and wellbeing of patients and former patients. This is achieved in three ways:-

(1)by providing the hospital with new equipment as necessary, thus ensuring that the patients are treated
using the latest and most sophisticated methods possible.

(2)by providing buildings, facilities and open space as well as services to patients to help make their stay
in hospital as comfortable as possible.

(3)through the making of grants to relevant associated organisations as deemed appropriate by the trustees.

The main activities of the League have been fundraising and supporting the work of the hospital. The League has continued to supplement hospital services, assist hospital staff, support sick patients and recruit volunteers.

Public benefit
The trustees have had regard to the Charity Commission's guidance on public benefit and believe that the League's continued support of the hospital is of huge public benefit to the people of Tenbury and the surrounding area.

Volunteers
The League is pleased to recognise the contribution made by its volunteers, the value of which is not quantified within the financial statements.

ACHIEVEMENT AND PERFORMANCE
During the year the League continued the successful fundraising. It also continued to purchase new equipment for the hospital.

FINANCIAL REVIEW
Financial position
During the year the League had an deficit of income over expenditure of £25,471 (2022: surplus £125,990), resulting in reserves carried forward of £2,354,755 (2022: £2,380,226). Whilst reserves remain free and unrestricted, the trustees are accumulating those reserves whilst they are in negotiation with the Health Authorities to possibly provide an X-ray machine.

Principal funding sources
The League's principal sources of income are from donations and legacies.

Reserves Policy
The League holds reserves pending requests from the Hospital Trust for equipment and ancillary items which by nature are of high value. The League has a reserves policy of £30,000.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

New trustees are appointed by the members.


Tenbury Community Hospital
League of Friends (Registered number: 07208770)

Report of the Trustees
for the Year Ended 31 December 2023

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
07208770 (England and Wales)

Registered Charity number
1136143

Registered office
Maydene
Rochford
Tenbury Wells
Worcestershire
WR15 8SP

Trustees
Mrs M A Lanman BEM
A J Dale
Mrs R A M Adams
Dr R F Tinkler (resigned 16.5.23)
P M Gibbs
G C Bennet (resigned 9.5.24)
P J Bull (appointed 16.5.23)
Mrs E K Padwick (resigned 9.5.24)
Mrs S M Whitefoot
Mrs J L Beaumont (appointed 16.5.23)
P J Denbeigh (appointed 25.10.23)
Mrs E B Parton (appointed 25.10.23)
Dr J M McHugo (appointed 25.10.23)
Mrs T E Young (appointed 25.10.23)

Company Secretary
P J Bull

Independent Examiner
B E Prime
Dyke Ruscoe & Hayes Ltd
Chartered Certified Accountants
110 Corve Street
Ludlow
SHROPSHIRE
SY8 1DJ

COMMENCEMENT OF ACTIVITIES
The charitable company was incorporated on the 30 March 2010 and was registered as a charity on the 2 June 2010. The charitable company remained dormant until 1 August 2010 when the activities and assets of the unincorporated entity The League of Friends of Tenbury and District Community Hospital (charity number 516240) were transferred.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 30 August 2024 and signed on its behalf by:




P J Bull - Trustee

Independent Examiner's Report to the Trustees of
Tenbury Community Hospital
League of Friends

Independent examiner's report to the trustees of Tenbury Community Hospital League of Friends ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2023.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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 accounts to be reached.








B E Prime

Dyke Ruscoe & Hayes Ltd
Chartered Certified Accountants
110 Corve Street
Ludlow
SHROPSHIRE
SY8 1DJ

30 August 2024

Tenbury Community Hospital
League of Friends

Statement of Financial Activities
(Incorporating an Income and Expenditure Account)
for the Year Ended 31 December 2023

2023 2022
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 5,387 - 5,387 239,782

Investment income 3 27,414 - 27,414 19,969
Other income 16 - 16 -
Total 32,817 - 32,817 259,751

EXPENDITURE ON
Raising funds 4 4,388 - 4,388 4,032

Charitable activities
Hospital funding 56,900 - 56,900 50,931

Other - - - 4,133
Total 61,288 - 61,288 59,096

Net gains/(losses) on investments 3,000 - 3,000 (74,665 )

NET INCOME/(EXPENDITURE) (25,471 ) - (25,471 ) 125,990


RECONCILIATION OF FUNDS
Total funds brought forward 2,380,226 - 2,380,226 2,254,236

TOTAL FUNDS CARRIED FORWARD 2,354,755 - 2,354,755 2,380,226

Tenbury Community Hospital
League of Friends (Registered number: 07208770)

Balance Sheet
31 December 2023

2023 2022
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 10 811,112 - 811,112 827,972
Investments 11 501,766 - 501,766 488,208
1,312,878 - 1,312,878 1,316,180

CURRENT ASSETS
Debtors: amounts falling due within one year 12 13,748 - 13,748 12,500
Debtors: amounts falling due after more than one
year

12

325,000

-

325,000

337,500
Prepayments and accrued income 1,946 - 1,946 1,440
Cash at bank 13 702,682 - 702,682 715,604
1,043,376 - 1,043,376 1,067,044

CREDITORS
Amounts falling due within one year 14 (1,499 ) - (1,499 ) (2,998 )

NET CURRENT ASSETS 1,041,877 - 1,041,877 1,064,046

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,354,755

-

2,354,755

2,380,226

NET ASSETS 2,354,755 - 2,354,755 2,380,226
FUNDS 15
Unrestricted funds 2,354,755 2,380,226
TOTAL FUNDS 2,354,755 2,380,226

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


Tenbury Community Hospital
League of Friends (Registered number: 07208770)

Balance Sheet - continued
31 December 2023

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 30 August 2024 and were signed on its behalf by:





S M Whitefoot - Trustee

Tenbury Community Hospital
League of Friends

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Income from trading activities is stated after any discounts. Income is not subject to VAT or any other sales taxes.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Governance costs
Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulations and good practice.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - 2% on cost
Improvements to property - cost over 11 years
Plant and machinery - 25% on cost

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
All funds are unrestricted and can be used in accordance with the charitable objectives at the discretion of the trustees.

Fixed asset investments
Investments are a form of basic financial instrument. Fixed asset investments are initially recognised at their transaction value and are subsequently measured at their fair value (market value) as at the balance sheet date. The Statement of Financial Activities includes the net gains and losses arising on revaluation and disposals throughout the year. Quoted stocks and shares are included in the Balance Sheet at the current market value quoted by the investment analyst, excluding dividend.

The main form of financial risk faced by the charity is that of volatility in equity markets and investment markets due to wider economic conditions, the attitude of investors to investment risk, and changes in sentiment concerning equities and within particular sectors or sub sectors.

Tenbury Community Hospital
League of Friends

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

1. ACCOUNTING POLICIES - continued

Fixed asset investments

Investments are managed on a total return basis in line with the powers given under The Trusts (Capital and Income) Act 2013.

Realised gains and losses
All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and opening carrying value (purchase date if later). Unrealised gains and losses are calculated as the difference between the market value at the year end and opening carrying value (or purchase date if later).

Debtors
Debtors are amounts owed to the charity. They are measured on the basis of their recoverable amount.

Cash at bank and in hand
Cash at bank and in hand is held to meet the day to day running costs of the charity as they fall due. Cash equivalents are short term, highly liquid investments, usually in instant access interest bearing savings accounts.

Creditors
Creditors are amounts owed by the charity. They are measured at the amount that the charity expects to have to pay to settle the debt.

2. DONATIONS AND LEGACIES
2023 2022
£    £   
Donations 4,688 8,303
Legacies - 230,495
Subscriptions 699 984
5,387 239,782



3. INVESTMENT INCOME
2023 2022
£    £   
Investment income 20,804 17,197
Deposit account interest 6,610 2,772
27,414 19,969


Tenbury Community Hospital
League of Friends

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. RAISING FUNDS

Investment management costs
2023 2022
£    £   
Investment management costs 4,388 4,032

5. GRANTS PAYABLE
2023 2022
£    £   
Hospital funding 17,500 12,500

Grants made payable to institutions in 2023 totalled £17,500. (2022 £12,500).

6. SUPPORT COSTS
Governance
Management costs Totals
£    £    £   
Hospital funding 4,444 978 5,422

Support costs, included in the above, are as follows:

Management
2023 2022
Hospital Total
funding activities
£    £   
Insurance 3,544 3,233
Accountancy 600 600
Website costs 300 300
4,444 4,133
Governance costs
2023 2022
Hospital Total
funding activities
£    £   
Postage and stationery 77 112
Examination fee 901 900
978 1,012


Tenbury Community Hospital
League of Friends

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2023 2022
£    £   
Depreciation - owned assets 33,479 36,629

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.


9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 239,782 - 239,782

Investment income 19,969 - 19,969
Total 259,751 - 259,751

EXPENDITURE ON
Raising funds 4,032 - 4,032

Charitable activities
Hospital funding 50,931 - 50,931

Other 4,133 - 4,133
Total 59,096 - 59,096

Net gains/(losses) on investments (74,665 ) - (74,665 )

NET INCOME 125,990 - 125,990


RECONCILIATION OF FUNDS
Total funds brought forward 2,254,236 - 2,254,236

TOTAL FUNDS CARRIED FORWARD 2,380,226 - 2,380,226

Tenbury Community Hospital
League of Friends

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

10. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery Totals
£    £    £    £   
COST
At 1 January 2023 1,000,000 22,265 74,635 1,096,900
Additions - - 16,619 16,619
At 31 December 2023 1,000,000 22,265 91,254 1,113,519
DEPRECIATION
At 1 January 2023 198,751 20,674 49,503 268,928
Charge for year 16,000 318 17,161 33,479
At 31 December 2023 214,751 20,992 66,664 302,407
NET BOOK VALUE
At 31 December 2023 785,249 1,273 24,590 811,112
At 31 December 2022 801,249 1,591 25,132 827,972

The freehold property represents land and buildings. The total value was provided by an independent valuation on 31 December 2010, being the date the previous unincorporated charity was incorporated. No revaluation reserve is therefore shown.

The trustees have estimated the land element, and depreciation is provided at 2% on cost on the buildings element.

Equipment purchased prior to incorporation was not depreciated; all equipment is now depreciated at 25% on cost.

11. FIXED ASSET INVESTMENTS
Listed
investments
£   
MARKET VALUE
At 1 January 2023 488,208
Additions 49,746
Disposals (36,188 )
At 31 December 2023 501,766
NET BOOK VALUE
At 31 December 2023 501,766
At 31 December 2022 488,208

There were no investment assets outside the UK.

Tenbury Community Hospital
League of Friends

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

11. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 December 2023 is represented by:

Listed
investments
£   
Valuation in 2022 488,208
Valuation in 2023 13,558
501,766

12. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 1,248 -
Loan to health authority 12,500 12,500
13,748 12,500
Amounts falling due after more than one year:
Loan to health authority 325,000 337,500

Aggregate amounts 338,748 350,000

13. CASH AT BANK
2023 2022
Total Total
funds funds
£    £   
TSB Current Account 11,016 36,182
Virgin Money Deposit Account 40,000 40,000
TSB Instant Access Account 643,660 637,276
Harris Allday Cash Account 8,006 2,146
Total 702,682 715,604



Tenbury Community Hospital
League of Friends

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 1,499
Accrued expenses 1,499 1,499
1,499 2,998

15. MOVEMENT IN FUNDS
Net
movement At
At 1.1.23 in funds 31.12.23
£    £    £   
Unrestricted funds
General fund 2,380,226 (25,471 ) 2,354,755

TOTAL FUNDS 2,380,226 (25,471 ) 2,354,755

Net movement in funds, included in the above are as follows:

Incoming Resources Gains and Movement
resources expended losses in funds
£    £    £    £   
Unrestricted funds
General fund 32,817 (61,288 ) 3,000 (25,471 )

TOTAL FUNDS 32,817 (61,288 ) 3,000 (25,471 )


Comparatives for movement in funds

Net
movement At
At 1.1.22 in funds 31.12.22
£    £    £   
Unrestricted funds
General fund 2,254,236 125,990 2,380,226

TOTAL FUNDS 2,254,236 125,990 2,380,226

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Gains and Movement
resources expended losses in funds
£    £    £    £   
Unrestricted funds
General fund 259,751 (59,096 ) (74,665 ) 125,990

TOTAL FUNDS 259,751 (59,096 ) (74,665 ) 125,990

Tenbury Community Hospital
League of Friends

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

15. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.1.22 in funds 31.12.23
£    £    £   
Unrestricted funds
General fund 2,254,236 100,519 2,354,755

TOTAL FUNDS 2,254,236 100,519 2,354,755

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Gains and Movement
resources expended losses in funds
£    £    £    £   
Unrestricted funds
General fund 292,568 (120,384 ) (71,665 ) 100,519

TOTAL FUNDS 292,568 (120,384 ) (71,665 ) 100,519

16. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2023.

17. ULTIMATE CONTROLLING PARTY

The trustees consider the board of directors to be the ultimate controlling party.

18. COMPANY LIMITED BY GUARANTEE

The Charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £10.

19. GOING CONCERN

The trustees believe that the charity faces no material uncertainties and will be able to maintain positive cash flows for the foreseeable future and, as a result, the going concern basis of accounting has been adopted.


Tenbury Community Hospital
League of Friends

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

20. LEASE OF FREEHOLD PROPERTY

The freehold property is the subject of 99 year leases dated 10 November 2000 and 10 February 2012 in favour of the Worcestershire Primary Care Trust. The leases are at a peppercorn rent, and are subject to a break clause in the event that the tenant no longer continues to provide hospital services on the site.

21. LOAN ASSET

On 30 November 2010 a loan of £500,000 was provided to the Worcestershire Primary Care Trust to fund the building of additional hospital facilities. This loan is being written off over a term of 40 years, with the balance outstanding at any point being repayable in the event that the Primary Care Trust were to discontinue providing hospital services on the site owned by the Friends/adjacent to the land owned by the Friends.