REGISTERED COMPANY NUMBER: 06075390 (England and Wales)

REGISTERED CHARITY NUMBER: 1120579

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 July 2025

for

The League of Friends

of Cranleigh Village Hospital

(A Company Limited by Guarantee)

Page

Report of the Trustees

1

to

4

Independent Examiner's Report

5

Statement of Financial Activities

6

Balance Sheet

7

to

8

Notes to the Financial Statements

9

to

13

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 July 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 activities

The Charity's objective is to support the work of the Cranleigh Village Hospital, the Cranleigh Medical Practice and other health providers in the Cranleigh area by voluntary service and / or the provision of funds by way of grants for specific items, as set out in the Charity's Objects and Rules. The Trustees consider that these objectives comply with the duty in Section 17 of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit.

Public benefit

The benefit of the Charity's work is the provision of medical equipment and amenities available to all those receiving nursing and medical care in Cranleigh.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

The Charity continued to make grants and generate income which supported the activities of the Cranleigh village medical community.

Investment performance

Interest rates on cash balances improved over last year with access to rising market rates.

Rathbones Investment Management continue to manage investments on a discretionary basis with a brief of providing income with a cautious approach consistent with growth potential. All investment activities are monitored by the board.

The investment performance this year yielded income of £90,012 compared to £86,612 last year, with dividend and investment returns falling by £6,388 and deposit account interest rising by £9,788.

FINANCIAL REVIEW

Income generation

The Charity's gross unrestricted income for the year was £94,554, a decrease compared to £117,726 last year, with a fall in legacy receipt against rising investment returns. The Trustees thank all the Charity's supporters for their work and generosity throughout the year.

Investment policy and objectives

The Board is responsible for the Charity's Investment policy. The Trustees have appointed Rathbones Investment Management to manage investments on a discretionary basis with a cautious approach to risk, with a view to maintaining income and keeping asset values ahead of inflation. Investment activities are monitored by the Board and reviewed at the Trustees' regular meetings.

Reserves policy

The Charity has no restricted reserves but the Officers and Trustees regularly consider this bearing in mind the nature of the income and expenditure where possible and the need to match the cost of further equipment requested by the existing hospital, day centre and medical practice against the need to build up funds to support any new enlarged hospital and clinics.

Grant expenditure

Grants were made during the year totalling £54,230 compared to £73,795 last year, which includes regular donations for End of Life Care as further detailed in note 4 on page 10.

FUTURE PLANS

Over the past few years we have spent significant funds on establishing the new Radiography Department, contributed to the now well-established Maternity and Early Years Hub, as well as the Orthopaedics Department. We have continued renovation and improved facilities for patients and staff of the Outpatients areas, including the fitting out of more consulting space together with upgraded furniture, and we are pursuing more services coming to Cranleigh with the encouragement of our MP.

We have continued to provide financial support for the Medical Practice to enhance the patient experience and agreed to continue our support for Phyllis Tuckwell Hospice at Home, which augments the cover provided in the Cranleigh area.

Having previously funded several defibrillators placed around the village we have contributed to the installation of another in the Park Mead estate and will continue to cooperate with the Lions in the maintenance of all of them.

Current ongoing commitments can be met from investment income arising from our portfolio managed by Rathbones Investment Management which continues to return a satisfactory yield with appreciable capital appreciation exceeding industry comparators. To spread risk, a proportionate amount of cash is still held in both instant access and term accounts, and we continually consider ways to maximise our income from deposits.

While our existing funds will enable us to continue our long standing remit to support the work and patients of the medical facilities in Cranleigh and district, we are actively working with the Royal Surrey Foundation Trust in Guildford to make use of spare space in the hospital to bring more facilities and clinics to Cranleigh, all of which will avoid patients having to travel out of the village for diagnostics and treatment. This ambitious project would involve substantial expenditure which could involve a fundraising exercise. To this end we will be spending modest funds to continue our campaign to widen our recognition within the community with an improved website and communications.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The League of Friends of Cranleigh Village Hospital was set up in 1959 and is governed by its Objects & Rules which were adopted in 1985 and last amended on 13 June 2001 and also by its Memorandum & Articles of Association. The Charity is a registered Charity and details can be found on the Charity Commissions website. The Charity constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

A maximum of 24 Trustees are elected by the members present at the Annual General Meeting. They retire by rotation every three years and can be re-elected. Candidates must show knowledge of and an interest in the Hospital and the community it serves and be willing to give the time necessary to meet the Charity's aims. Trustees are also selected to give the Charity a good mix of appropriate professional skills.

Organisational structure

The members and subscribers of the League of Friends have delegated the administration of the Charity to the Board. The Board consists of the Chairman - Dr Bundy, Secretary - Mr Hewes and Treasurer - Mr Keeping and currently 15 other members. The Board conducts and manages the business of the League and Board members act as Trustees. The Board is also responsible for the appointment of Trustees. The Board of Directors met four times during the year.

Induction and training of new trustees

The Charity, in recognising the special requirements of a Charitable Company, encourages the Trustees to make themselves duly aware of the needs of the Charity by studying relevant guidance, undertaking appropriate reading and, where necessary, attending suitable courses.

Risk management

The Trustees have a duty to identify and review risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. A Risk Management Policy is in place and Risk Assessments are updated annually, covering the main areas of financial management and Trustee and public liability.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

06075390 (England and Wales)

Registered Charity number

1120579

Registered office

3 Birtley Courtyard

Birtley Road

Bramley

Surrey

GU5 0LA

Trustees

Mr Cheesman

Mrs Camp (resigned 7.11.24)

Dr Christie

Mrs Davies

Mrs Francis

Mrs Hurtley

Mr Keeping

Dr Verdon

Mrs Gravill

Dr Bundy

Ms King

Mr Walton

Mrs MacDermott

Dr Clark

Mr Shutts

Mr Bentley (appointed 25.2.25)

Mrs Bentley (appointed 25.2.25)

Mr Flacks (appointed 30.4.25)

Mr Hewes (appointed 23.10.24)

Company Secretary

Mr Hewes

Independent Examiner

Andrew Skilton, ACA

Brewers Chartered Accountants

Unit 3

Birtley Courtyard

Bramley

Surrey

GU5 0LA

INVESTMENT MANAGER

Rathbones Investment Management

Second Floor

Wykeham Court

Winchester

SO23 7RG

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 15 October 2025 and signed on its behalf by:

Mr Hewes - Secretary

Independent examiner's report to the trustees of The League of Friends of Cranleigh Village Hospital ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 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.

Andrew Skilton, ACA

Brewers Chartered Accountants

Unit 3

Birtley Courtyard

Bramley

Surrey

GU5 0LA

15 October 2025

2025

2024

Unrestricted

Total

fund

funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

4,542

31,114

Investment income

2

90,012

86,612

Total

94,554

117,726

EXPENDITURE ON

Raising funds

3

19,394

18,763

Charitable activities

Charitable activities

66,498

79,654

Total

85,892

98,417

Net gains on investments

114,222

184,553

NET INCOME

122,884

203,862

RECONCILIATION OF FUNDS

Total funds brought forward

3,040,865

2,837,003

TOTAL FUNDS CARRIED FORWARD

3,163,749

3,040,865

2025

2024

Unrestricted

Total

fund

funds

Notes

£

£

FIXED ASSETS

Investments

7

2,723,998

2,706,873

CURRENT ASSETS

Debtors

8

7,184

10,152

Investments

9

313,541

267,636

Cash at bank

122,874

59,864

443,599

337,652

CREDITORS

Amounts falling due within one year

10

(3,848

)

(3,660

)

NET CURRENT ASSETS

439,751

333,992

TOTAL ASSETS LESS CURRENT LIABILITIES

3,163,749

3,040,865

NET ASSETS

3,163,749

3,040,865

FUNDS

11

Unrestricted funds:

General fund

3,163,749

3,040,865

TOTAL FUNDS

3,163,749

3,040,865

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 15 October 2025 and were signed on its behalf by:

Dr Bundy - Trustee

Mr Keeping - Trustee

Mr Hewes - Trustee

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the Charitable Charity, which is a public benefit entity, have been prepared in accordance with 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) (2nd edition, effective January 2019), "Charities SORP" and 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, as modified by the revaluation of certain assets.

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.

Expenditure and irrecoverable vat

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. Irrecoverable VAT is charged against the activity for which the expenditure was incurred.

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.

Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transactions value and subsequently measured at their settlement value.

Fund accounting

Funds held by the Charity are all unrestricted general funds - these are funds which can be used in accordance with the charitable objectives at the discretion of the Trustees.

Going concern

The Trustees have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the Charity to continue as a going concern. The Trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. After making enquiries, the Trustees have concluded that there is a reasonable expectation that the Charity has adequate resources to continue its activities for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Fixed asset investments

All fixed asset investments are included at market value at the balance sheet date.

2.	INVESTMENT INCOME

2025

2024

£

£

Dividends

64,506

70,894

Interest and investment return

25,506

15,718

90,012

86,612

3.	RAISING FUNDS

Investment management costs

2025

2024

£

£

Portfolio management

19,394

18,763

4.	GRANTS PAYABLE

2025

2024

£

£

Charitable activities

54,230

73,795

The Charity made grants and donations to the following; £30,000 (2024 - £30,000) to Phyllis Tuckwell re Hospice at Home, £10,000 (2024 - £10,000) to Cranleigh Medical Practice, £9,038 (2024 - £31,860) to Royal Surrey County Hospital NHS Foundation Trust regarding various medical support costs, £5,000 Hospital Hoppa bus support costs and £192 (2024 - £1,935) for a defibrillator support costs.

No grants were offered before the year end as a commitment but not accrued as expenditure (2024 - £7,760).

5.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 July 2025 nor for the year ended 31 July 2024.

Trustees' expenses

£1,397 (2024 - £199) for post, stationery and sundry expenses were reimbursed to 4 (2024 - 2) Trustees in the normal course of their duties.

6.	GOVERNANCE COSTS

Governance costs include £3,848 (2024 - £3,660) with regard to Independent Examination fees.

7.	FIXED ASSET INVESTMENTS

Listed

investments

£

MARKET VALUE

At 1 August 2024

2,706,873

Additions

231,822

Disposals

(328,919

)

Revaluations

114,222

At 31 July 2025

2,723,998

NET BOOK VALUE

At 31 July 2025

2,723,998

At 31 July 2024

2,706,873

There were no investment assets outside the UK.

Cost or valuation at 31 July 2025 is represented by:

Listed

investments

£

Valuation in 2025

2,723,998

Historical cost at the year end was £1,935,216 (2024 - £2,011,343).

8.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Prepayments and accrued income

7,184

10,152

9.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Cash held as investment

313,541

267,636

10.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Accruals and deferred income

3,848

3,660

11.	MOVEMENT IN FUNDS

Net

movement

At

At 1.8.24

in funds

31.7.25

£

£

£

Unrestricted funds

General fund

3,040,865

122,884

3,163,749

TOTAL FUNDS

3,040,865

122,884

3,163,749

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

94,554

(85,892

)

114,222

122,884

TOTAL FUNDS

94,554

(85,892

)

114,222

122,884

Comparatives for movement in funds

Net

movement

At

At 1.8.23

in funds

31.7.24

£

£

£

Unrestricted funds

General fund

2,837,003

203,862

3,040,865

TOTAL FUNDS

2,837,003

203,862

3,040,865

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

117,726

(98,417

)

184,553

203,862

TOTAL FUNDS

117,726

(98,417

)

184,553

203,862

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

Net

movement

At

At 1.8.23

in funds

31.7.25

£

£

£

Unrestricted funds

General fund

2,837,003

326,746

3,163,749

TOTAL FUNDS

2,837,003

326,746

3,163,749

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

212,280

(184,309

)

298,775

326,746

TOTAL FUNDS

212,280

(184,309

)

298,775

326,746

Included within Unrestricted General Funds is £788,782 (2024 - £695,530) with regard to a fair value gain arising on Fixed Asset Investments.

12.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 July 2025.

13.	COMPANY LIMITED BY GUARANTEE

The Charity is a company limited by guarantee and has no share capital. The members liability is limited where if the Charity is dissolved each member who is a current member or has been a member within the last twelve months will contribute a sum (not exceeding £1) towards the payment of the debts and liabilities of the Charity incurred before he or she ceases to be a member, and of the costs, charges and expenses of winding up, and the adjustments of the rights of the contributories among themselves.