| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| Report of the Trustees and |
| Unaudited Financial Statements |
| for the Year Ended 31 December 2025 |
| for |
| Tenbury Community Hospital |
| League of Friends |
| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| Report of the Trustees and |
| Unaudited Financial Statements |
| for the Year Ended 31 December 2025 |
| for |
| Tenbury Community Hospital |
| League of Friends |
| Tenbury Community Hospital |
| League of Friends |
| Contents of the Financial Statements |
| for the Year Ended 31 December 2025 |
| 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 | 14 |
| Tenbury Community Hospital |
| League of Friends (Registered number: 07208770) |
| Report of the Trustees |
| for the Year Ended 31 December 2025 |
| 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 2025. 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. |
| ACHIEVEMENTS 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 surplus of income over expenditure of £66,284 (2024: surplus £62,014), resulting in reserves carried forward of £2,483,053 (2024: £2,416,769). While the reserves remain free and unrestricted the Directors/Trustees are looking to develop a strategy with the local Health Authorities, GP's and other healthcare providers within Tenbury and District, with the Hospital remaining central, to provide the best quality of care for patients. The strategy to take into account the changes within the NHS |
| 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 2025 |
| REFERENCE AND ADMINISTRATIVE DETAILS |
| Registered Company number |
| Registered Charity number |
| Registered office |
| Trustees |
| Company Secretary |
| Independent Examiner |
| Mrs B E Prime ACCA |
| Streets Dyke Ruscoe Ltd |
| 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 |
| 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 2025. |
| 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. |
| Mrs B E Prime ACCA |
| The Association of Chartered Certified Accountants |
| Streets Dyke Ruscoe Ltd |
| 110 Corve Street |
| Ludlow |
| SHROPSHIRE |
| SY8 1DJ |
| 23 April 2026 |
| Tenbury Community Hospital |
| League of Friends |
| Statement of Financial Activities |
| (Incorporating an Income and Expenditure Account) |
| for the Year Ended 31 December 2025 |
| 2025 | 2024 |
| Unrestricted | Restricted | Total | Total |
| fund | fund | funds | funds |
| Notes | £ | £ | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies | 2 |
| Investment income | 3 |
| Other income |
| Total |
| EXPENDITURE ON |
| Raising funds | 4 |
| Charitable activities |
| Other |
| Total |
| Net gains on investments |
| NET INCOME |
| RECONCILIATION OF FUNDS |
| Total funds brought forward |
| TOTAL FUNDS CARRIED FORWARD | 2,416,769 |
| Tenbury Community Hospital |
| League of Friends (Registered number: 07208770) |
| Balance Sheet |
| 31 December 2025 |
| 2025 | 2024 |
| Unrestricted | Restricted | Total | Total |
| fund | fund | funds | funds |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 10 |
| Investments | 11 |
| CURRENT ASSETS |
| Debtors: amounts falling due within one year | 12 |
| Debtors: amounts falling due after more than one year |
12 |
| Prepayments and accrued income |
| Cash at bank | 13 |
| CREDITORS |
| Amounts falling due within one year | 14 | ( |
) | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| NET ASSETS |
| FUNDS | 15 |
| Unrestricted funds | 2,416,769 |
| TOTAL FUNDS | 2,416,769 |
| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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 2025 |
| 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 |
| Tenbury Community Hospital |
| League of Friends |
| Notes to the Financial Statements |
| for the Year Ended 31 December 2025 |
| 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 |
| 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 2025 |
| 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 |
| 2025 | 2024 |
| £ | £ |
| Donations |
| Legacies |
| Subscriptions |
| 3. | INVESTMENT INCOME |
| 2025 | 2024 |
| £ | £ |
| Investment income | 19,155 | 19,923 |
| Deposit account interest |
| Tenbury Community Hospital |
| League of Friends |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2025 |
| 4. | RAISING FUNDS |
| Investment management costs |
| 2025 | 2024 |
| £ | £ |
| Investment management costs | 4,915 | 4,711 |
| 5. | GRANTS PAYABLE |
| 2025 | 2024 |
| £ | £ |
| Hospital funding | 27,605 | 24,343 |
| Grants made payable to institutions in 2025 totalled £26,665. (2024 £24,343). |
| 6. | SUPPORT COSTS |
| Governance |
| Management | costs | Totals |
| £ | £ | £ |
| Hospital funding | 5,745 | 1,117 | 6,862 |
| Support costs, included in the above, are as follows: |
| Management |
| 2025 | 2024 |
| Hospital | Total |
| funding | activities |
| £ | £ |
| Insurance | 4,558 | 4,408 |
| Accountancy | 841 | 600 |
| Website costs | 346 | 300 |
| 5,745 | 5,308 |
| Governance costs |
| 2025 | 2024 |
| Hospital | Total |
| funding | activities |
| £ | £ |
| Postage and stationery | 127 | 81 |
| Examination fee | 990 | 900 |
| Legal fees | - | 1,980 |
| 1,117 | 2,961 |
| Tenbury Community Hospital |
| League of Friends |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2025 |
| 7. | NET INCOME/(EXPENDITURE) |
| Net income/(expenditure) is stated after charging/(crediting): |
| 2025 | 2024 |
| £ | £ |
| Depreciation - owned assets |
| 8. | TRUSTEES' REMUNERATION AND BENEFITS |
| There were no trustees' remuneration or other benefits for the year ended 31 December 2025 nor for the year ended 31 December 2024. |
| Trustees' expenses |
| There were no trustees' expenses paid for the year ended 31 December 2025 nor for the year ended 31 December 2024. |
| 9. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
| Unrestricted | Restricted | Total |
| fund | fund | funds |
| £ | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies |
| Investment income |
| Other income |
| Total |
| EXPENDITURE ON |
| Raising funds |
| Charitable activities |
| Other |
| Total |
| Net gains on investments |
| NET INCOME |
| RECONCILIATION OF FUNDS |
| Total funds brought forward | 2,354,755 | - |
| TOTAL FUNDS CARRIED FORWARD | 2,416,769 | - | 2,416,769 |
| Tenbury Community Hospital |
| League of Friends |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2025 |
| 10. | TANGIBLE FIXED ASSETS |
| Improvements |
| Freehold | to |
| property | property | Totals |
| £ | £ | £ |
| COST |
| At 1 January 2025 and 31 December 2025 |
| DEPRECIATION |
| At 1 January 2025 |
| Charge for year |
| At 31 December 2025 |
| NET BOOK VALUE |
| At 31 December 2025 |
| At 31 December 2024 |
| 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. |
| 11. | FIXED ASSET INVESTMENTS |
| Listed |
| investments |
| £ |
| MARKET VALUE |
| At 1 January 2025 |
| Additions |
| Disposals | ( |
) |
| At 31 December 2025 |
| NET BOOK VALUE |
| At 31 December 2025 | 600,840 |
| At 31 December 2024 | 519,837 |
| Included in investments are overseas invested funds of 2025: £18.451 (2024: £Nil) |
| Cost or valuation at 31 December 2025 is represented by: |
| Listed |
| investments |
| £ |
| Valuation in 2024 | 519,837 |
| Valuation in 2025 | 81,003 |
| 600,840 |
| Tenbury Community Hospital |
| League of Friends |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2025 |
| 12. | DEBTORS |
| 2025 | 2024 |
| £ | £ |
| Amounts falling due within one year: |
| Trade debtors |
| Loan to health authority | 12,500 | 12,500 |
| Amounts falling due after more than one year: |
| Loan to health authority |
| Aggregate amounts |
| 13. | CASH AT BANK |
| 2025 | 2024 |
| Total | Total |
| funds | funds |
| £ | £ |
| TSB Current Account | 108,318 | 97,627 |
| Virgin Money Deposit Account | - | 40,171 |
| TSB Instant Access Account | 703,164 | 653,317 |
| Harris Allday Cash Account | 4,095 | 10,033 |
| Total |
| 14. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade creditors |
| Accrued expenses |
| 15. | MOVEMENT IN FUNDS |
| Net |
| movement | At |
| At 1.1.25 | in funds | 31.12.25 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 2,416,769 | 66,284 | 2,483,053 |
| TOTAL FUNDS | 66,284 | 2,483,053 |
| Tenbury Community Hospital |
| League of Friends |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2025 |
| 15. | MOVEMENT IN FUNDS - continued |
| 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 | 61,563 | (56,210 | ) | 60,931 | 66,284 |
| TOTAL FUNDS | ( |
) | 66,284 |
| Comparatives for movement in funds |
| Net |
| movement | At |
| At 1.1.24 | in funds | 31.12.24 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 2,354,755 | 62,014 | 2,416,769 |
| TOTAL FUNDS | 2,354,755 | 62,014 | 2,416,769 |
| 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 | 136,907 | (79,779 | ) | 4,886 | 62,014 |
| TOTAL FUNDS | 136,907 | (79,779 | ) | 4,886 | 62,014 |
| A current year 12 months and prior year 12 months combined position is as follows: |
| Net |
| movement | At |
| At 1.1.24 | in funds | 31.12.25 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 2,354,755 | 128,298 | 2,483,053 |
| TOTAL FUNDS | 2,354,755 | 128,298 | 2,483,053 |
| Tenbury Community Hospital |
| League of Friends |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2025 |
| 15. | MOVEMENT IN FUNDS - continued |
| 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 | 198,470 | (135,989 | ) | 65,817 | 128,298 |
| TOTAL FUNDS | 198,470 | (135,989 | ) | 65,817 | 128,298 |
| 16. | RELATED PARTY DISCLOSURES |
| 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. |
| 20. | LEASE OF FREEHOLD PROPERTY |
| The freehold property is the subject of 99 year leases dated 10 November 2000, 10 February 2012 and 5 September 2003 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. |