MEDWAY LEAGUE OF FRIENDS

Charity number: 240562
Removed charity

Charity overview

Activities - how the charity spends its money

This charity is now dormant and will be closed when the final Report and Accounts for the year ended 31 July 2018 have been posted. Its functions were taken over on 1 August 2018 by the Charitable Incorporated Organisation The Medway League of Friends (Registered Charity Number 1172065).

Income and expenditure

Data for financial year ending 31 July 2018

Total income:
£1,863,936

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Donations and legacies £12.73k
Charitable activities £1.85m
Other trading activities £1.86k
Investments £3.26k
Other £0

Total expenditure:
£1,876,293

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Raising funds £210
Charitable activities £1.88m
Other £0

£0 investments gains (losses)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

Text alternative for this canvas graphic is in the data table below.
Raising funds and other expenditure £210
Charitable expenditure £1.88m

Fundraising

This charity raises funds from the public but does not work with professional fundraisers or commercial participators.

Trading

This charity does not have any trading subsidiaries.

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

Main way of carrying out purposes is grant making
What the charity does:
  • The Advancement Of Health Or Saving Of Lives
Who the charity helps:
  • The General Public/mankind
How the charity helps:
  • Makes Grants To Organisations
Where the charity operates:
  • Medway

Governance

Registration history:
  • 25 February 1965: Standard registration
  • 21 August 2019: Removed (Amalgamated)
  • 21 August 2019: Funds transferred to 1172065 THE MEDWAY LEAGUE OF FRIENDS
Organisation type:
Other
Other names:
  • THE LEAGUE OF FRIENDS OF THE MEDWAY HOSPITALS (Previous name)
Gift aid:
Recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Complaints handling
  • Conflicting interests
  • Paying staff
  • Risk management
  • Safeguarding vulnerable beneficiaries
  • Volunteer management
Land and property:
This charity does not own and/or lease land or property

Financial history

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Financial period end date

Income / Expenditure 31/07/2014 31/07/2015 31/07/2016 31/07/2017 31/07/2018
Total gross income £1.63m £1.64m £1.71m £1.84m £1.86m
Total expenditure £1.66m £1.57m £1.58m £1.65m £1.88m
Income from government contracts N/A £0 £0 £0 N/A
Income from government grants N/A £0 £0 £0 N/A
Income - Donations and legacies £9.35k £11.36k £11.53k £107.00k £12.73k
Income - Other trading activities £3.52k £1.81k £0 £1.73m £1.86k
Income - Charitable activities £1.62m £1.62m £1.70m £0 £1.85m
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £651 £493 £211 £103 £3.26k
Income - Other £0 £0 £2.34k £0 £0
Income - Legacies £300 £0 £0 £0 £250
Expenditure - Charitable activities £1.66m £1.56m £1.58m £1.65m £1.88m
Expenditure - Raising funds N/A N/A £1.22k £1.28k £210
Expenditure - Governance £3.30k £1.78k £1.73k £11.19k £0
Expenditure - Grants institution £368.75k £281.17k £257.68k £316.06k £399.26k
Expenditure - Investment management £0 £0 £0 £0 £0
Expenditure - Other £0 £0 £0 £0 £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/07/2014 31/07/2015 31/07/2016 31/07/2017 31/07/2018
Own use assets £37.62k £35.27k £20.50k £13.70k £6.78k
Long-term investments £0 £0 £0 £0 £0
Other assets £497.62k £541.70k £693.03k £882.05k £896.19k
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £93.14k £66.67k £74.45k £70.37k £89.95k

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 July 2019 Not submitted
Accounts and TAR 31 July 2019 Not submitted
Annual return 31 July 2018 25 April 2019 On time
Accounts and TAR 31 July 2018 25 April 2019 On time
Annual return 31 July 2017 13 April 2018 On time
Accounts and TAR 31 July 2017 13 April 2018 On time
Annual return 31 July 2016 01 May 2017 On time
Accounts and TAR 31 July 2016 01 May 2017 On time

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

OBJECTS AND RULES ADOPTED 7 SEPTEMBER 1964 AND AMENDED ON 17 APRIL 1994, 26 APRIL 1996 AND 24 JANUARY 2007.

Charitable objects

TO PROVIDE EXTRA AMENITIES FOR THE PATIENTS AND STAFF IN THE HOSPITALS IN THE MEDWAY TOWNS AND TO MOBILISE, ENCOURAGE AND MAINTAIN, THE INTEREST OF THE PUBLIC IN THE WORK OF THESE HOSPITALS BY MEANS OF VOLUNTARY SERVICE.

Area of benefit

The area the charity can operate in, as set out in its governing document.

MEDWAY TOWNS OF CHATHAM, ROCHESTER, GILLINGHAM AND STROOD.