LEAGUE OF FRIENDS OF THE VICTORIA MEMORIAL HOSPITAL WELSHPOOL
To relieve patients and former patients of The Victoria Memorial Hospital Welshpool who are sick convalescent disabled handicapped infirm or in need of financial assistance and generally to support the charitable work of the said hospital
Objects
THE OBJECT OF THE LEAGUE SHALL BE TO RELIEVE PATIENTS AND FORMER PATIENTS (INCLUDING OUTPATIENTS) OF THE HOSPITAL (WHETHER AT THE HOSPITAL OR WITHIN THE COMMUNITY) WHO ARE SICK, CONVALESCENT, DISABLED, HANDICAPPED, INFIRM, SUFFERING FROM MENTAL HEALTH PROBLEMS OR IN NEED OF ASSISTANCE AND, GENERALLY, TO SUPPORT THE CHARITABLE WORK OF THE SAID HOSPITAL.
Financial health, per its FY2025 accounts
The accounts state that the charity holds unrestricted reserves of £1,071,763, which the trustees consider appropriate to ensure assistance can be given as needed. The charity reported a net incoming resource of £17,362 for the year, funded by donations, legacies, and investment income. The trustees confirmed that the financial statements were prepared on a going concern basis.
What the accounts disclose
“it is appropriate to keep a high level of reserves to ensure any assistance can be given as and when needed.” — page 4
Policies the charity declares
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Investing charity funds policy and procedures
- Investment
- Safeguarding policy and procedures
- Trustee conflicts of interest policy and procedures
Trustees
- SUSAN JEAN USMARchair
- Carol Stranks
- Derek Simms
- Frances Grassi
- MRS PAM OWEN
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £58k | £41k |
| 31/03/2024 | £102k | £10k |
| 31/03/2023 | £46k | £32k |
| 31/03/2022 | £296k | £145k |
| 31/03/2021 | £313k | £5k |
Common questions
Is LEAGUE OF FRIENDS OF THE VICTORIA MEMORIAL HOSPITAL WELSHPOOL financially healthy?
Per its FY2025 accounts: The accounts state that the charity holds unrestricted reserves of £1,071,763, which the trustees consider appropriate to ensure assistance can be given as needed. The charity reported a net incoming resource of £17,362 for the year, funded by donations, legacies, and investment income. The trustees confirmed that the financial statements were prepared on a going concern basis. Its FY2025 accounts were independently examined.