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2022-03-31-accounts

REGISTERED COMPANY NUMBER: 02740665 (England and Wales)
REGISTERED CHARITY NUMBER: 1014232

REPORT OF THE TRUSTEES AND

AUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2022

FOR

RYE, WINCHELSEA AND DISTRICT
MEMORIAL HOSPITAL LIMITED

GMP Audit Limited, Statutory Auditor
82 High Street
Tenterden
Kent
TN30 6JG

RYE, WINCHELSEA AND DISTRICT
MEMORIAL HOSPITAL LIMITED

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022

----- Start of picture text -----
Page
Report of the Trustees 1 to 7
Report of the Independent Auditors 8 to 10
Statement of Financial Activities 11
Balance Sheet 12 to 13
Cash Flow Statement 14
Notes to the Cash Flow Statement 15
Notes to the Financial Statements 16 to 28
----- End of picture text -----

RYE, WINCHELSEA AND DISTRICT
MEMORIAL HOSPITAL LIMITED (REGISTERED NUMBER: 02740665)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2022

ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006, present
theirreportwiththefinancialstatementsofthecharityfortheyearended31stMarch2022.The trustees
haveadoptedtheprovisionsofAccountingandReportingbyCharities:Statementof Recommended
PracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and significant activities

TheobjectsofRye,Winchelsea&DistrictMemorialHospitalLimited(TheCharity)aretherelief,care and
assistanceofpeople,irrespectiveofrace,creedorcolour,whosufferfromanyformofmentalor physical
sicknessordisabilityorinfirmityduetooldageorwhoareconvalescent,andtopromote the
preservation and protection of health for the public benefit.

Activitiesarepredominantlyconfinedtothe10acresiteknownastheMemorialCareCentre (the
Centre). Within the bounds of the site are five main components:

-TheMedicalCentrewhichwasdevelopedbyCommunityCareInvestmentletona125yearlease from
6 October 2006 and then sub-let as a GP surgery for a panel of 7,500 patients.

-StBartholomew'sCourt,a55unitresidentialcomplex,originallyletas30unitstoShaftesbury Housing
Associationona125yearleasefrom1January1994.Designedasanextracarefacility,overtime it
lapsedintopuresocialhousing.TheleasewasassignedtoSanctuaryHousingAssociationandthrough a
collaborativedialogueamajornewdevelopmenthasbeencompletedbythemwhichadded25new single
bedunitsandcompletelyguttedandrefurbishedtheexisting30units.40oftheunitsareletunder a
communityrentalschemeand15unitshavebeensoldassharedequity.Allfutureoccupierswillhave an
extra care need of up to 20 hours a week under the revised terms of the ground lease from the Charity.

-TheHospitalBuilding.TwothirdsofthebuildingwasleasedtothePrimaryCareTrust(PCT)for 10
yearsexpiringonthe30thMay2020.TheleasewasassignedtotheEastSussexHealthcareTrust (ESHT)
on1April2013astheNHSserviceprovider,uponthedemiseofthePCT.ADeedofVariationhas been
executedwiththeCharitytoextendtheleaseto30thMay2030withamutualoptiontoterminate in
2025.Throughanumberofnegotiatedchangessincethen,ESHTnowoccupythewholeofthe ground
floorwithofficesonthefirstfloorandnowpayaservicechargeof87%.InadditiontheMutualOption to
terminatetheleasehasbeenremovedandESHThaveafixedtermto2030,allofthisbeingembodied in
arevisedlease.Therentpayableisfixedat£150kperannumbutforthefirsttwoyearstheCharity will
make a donation back to ESHT of £25k to reduce the impact of the rent rise to market value.

-TheAmbulanceSite.TheCharityacquiredthissiteadjacenttothehospitalin2016and obtained
PlanningConsenttobuilda5,500squarefootCommunityWellbeingCentre(TheHub).Worktobuild the
sitewascompetitivelytenderedandwonbyJenneratacontractpriceofjustunder£2m. Construction
wascompletedinAugust2020butimpactedbytheCOVIDrestrictions.Corelicencestoanumber of
importanttherapyprovidershavebeenagreed:suchasSt.Michael'sHospice;RyeandDistrict Day
Centre and Sara Lee Trust. Plans are being actively developed to broaden its community outreach.

Page 1

RYE, WINCHELSEA AND DISTRICT
MEMORIAL HOSPITAL LIMITED (REGISTERED NUMBER: 02740665)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2022

Objectives and significant activities (continued)

-TheCareHomeSite.TheCharityhascompletedthepurchaseofa1.5acrepieceofagricultural land
adjoiningthesurgeryattherearoftheCentre,withitsownaccesstoRyeHillforthepurpose of
developingaCareHome.AftercompetitivereviewGreensleeveswereselectedasthepreferred developer
andoperatoroftheproposedCareHomesubjecttoa£1.06mprepaymentforthelongleasehold interest.
Planningpermissionwasobtainedforthedevelopmentofa60bedCareHome.TheCharityhas delivered
theutilitiestothesite,aspartofitscommitment,toenablethedevelopmentofthe project.
GreensleevesexpecttostartconstructioninMarch2022afterinnumerabledelaysingettingUK Power
Networkstoremovetheoverheadwirestothesite.Itishopedthatcompletionwilltakeplaceby the
endof2023.AnimportantfeatureoftheGroundLeasegrantedtoGreensleevesistheircommitment that
25%ofthebedswillbecommunitysubsidisedforthebenefitoflocalresidentsratherthanfull open
market.GreensleeveswererecentlyidentifiedbytheWhichReportasthebestNot-For-Profitprovider in
the Country.

WhenplanningitsactivitiestheCharitykeepsinmindtheCharityCommission'sguidanceon public
benefitandaimstodevelopanddeliverservicestomeettheobjectivesassetoutinthe Memorandum
and Articles of Association.

The Friends of the Hospital at Rye

Priortothedevelopmentofthecurrenthospital,itwasvoluntarilysupportedbyTheFriendsofthe Rye
WinchelseaandDistrictMemorialHospital,raisingfundsandprovidingvoluntaryassistanceas a
registeredcharity.Whenthelargescaledevelopmentofthesitetookplacebetween1992and1994 a
separatecharity,thencalledRyeHealthandCareLtd(precedingtitleofthischarity)wasformedas a
companylimitedbyguaranteetoassumethedevelopmentrisk.Thetwocharitieshadbeen mutually
supportiveeversincebutin2013theyagreedthatthetimewasappropriatetomerge.Nownamed The
FriendsoftheHospitalatRye(theFriends),itisaCommitteeofthischarityassumingresponsibility for
liaison with the staff and fund raising the needs they identify for the hospital.

ArollingprogrammeoffundraisingactivitiesandeventsiscarriedoutbytheFriendswithinthe local
community.Eventsaregeneratedeitherfromthecharity'sofficesororganisedbyexternalvolunteers. In
addition,thecharityseeksincomefromregulardonationsenhancedbytheGiftAidScheme and
appropriate management of its investment assets.

Volunteers

ThepositionsofChairmanoftheFriendsandtheChairmanoftheFundRaisingSubCommittee are
unsalaried positions.

TheCompanySecretaryandSeniorAdministrativeOfficerhasbeenafulltimepostsinceMay2020, with
60%ofhertimededicatedtohospitalactivitiesand40%toCharityactivities.Allfundraising activities
areplannedandco-ordinatedbyandthroughtheaforementionedposts,withassistanceappropriate to
each activity being provided solely by unpaid volunteers.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

TheCharitycontinuedduringtheperiodunderreviewinitsprincipalactivityasfreeholderof the
MemorialCareCentre.Thenetsurplusfortheyearbeforeunrealisedprofitsoninvestments (£18,580)
was£163,225afterallowingforthedepreciationandimpairmentoftheCharity'srealproperty and
fittings and fixtures in a sum of £127,716.

TheCharityowesadutytothepeopleofRye,Winchelseaandthesurroundingvillagestosecure the
provisionofcommunityhospitalservicesattheCentre.Hithertotheseserviceshavebeenprovided in
partnershipwithourlocalPCTandmorerecentlyfromESHTbutontermswhichrequirea substantial
contributionfromtheCharity.Forexample,eachyeartheCharityexpendssignificantfundstocarry out
improvementsforthebenefitofthepatients.Theexteriorpainting;refurbishmentofthereception area
and a large proportion of the out-patient upgrade, were all funded by the Charity.

Page 2

RYE, WINCHELSEA AND DISTRICT
MEMORIAL HOSPITAL LIMITED (REGISTERED NUMBER: 02740665)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2022

Charitable activities (continued)

Additionally,althoughgovernmentpolicyisexpressedtobesupportiveofcommunityhospitalsthe reality
isthatthecurrenteconomicfinancialpositionofmanyHealthcareTrustshasmeantthat community
hospitalshavehadtheirbedsclosedtoachieveeconomies.TheCharity'sstrategyistodevelopa strong
workingbondwithESHTwhileretainingsignificantreservestoenableittorespondintheunlikely event
thattheydecidetoreduceor,even,withdrawitssupport.Withthecompletionoftheleaseextension to
ESHT,theTrusteestooktheviewthatsomeofitsreservesheldagainstthisriskshouldbereleased to
assist in funding the Hub on the Ambulance Site.

Investment performance

Investmentperformancehasbeenachievedagainsttheobjectivessetforthisperiod.Detailsofreturn on
investments can be found in the Statement of Financial Activities

FINANCIAL REVIEW

Investment policy and objectives

TheBoard'spolicyistoinvestinthepropertyandfacilitiestoprovidetheresourcesnecessaryfor the
charitytomeetitsobjectives.Anysurplusresourcesareplacedwithastockbrokerto invest
appropriately.

TheBoardhasresolvedtoretainMessrsBrewinDolphintoadviseandhandleitsgrowing investment
funds, with the condition that no investments are made directly in tobacco companies.

The Board has a formal Investment Policy which is reviewed annually.

Reserves policy

TheCharityhasunrestrictedgeneralreservesof£4,548,580atthebalancesheetdate,of which
£4,899,848relatestofixedassetswhichwouldhavetobedisposedofinordertorealisethefull fund
amount. The amount of general reserves excluding the building fund is a deficit of £351,268.

AsdetailedaboveitistheCharity'sstrategytobuildreserves(incashandreadilyrealisable investments)
tosupportthecontinuationoftheHospitalshouldfundingbereducedorwithdrawn.TheBoard reviews
theextentofthesereservesonaregularbasis,balancingtheriskofESHTterminatingitsuseof the
hospital with the desire to invest surplus funds for the benefit of the community.

The Board has a Reserves Policy which is reviewed annually

Restricted funds amount to £1,621.

Page 3

RYE, WINCHELSEA AND DISTRICT
MEMORIAL HOSPITAL LIMITED (REGISTERED NUMBER: 02740665)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2022

FUTURE PLANS

Inlightofthecharity'ssustainedannualcashsurplustheTrusteesdecidedtocommissionan independent
reportfromDrHelenTucker(ChairmanoftheNationalCommunityHospitalAssociation)toidentify future
communityhealthneedsandadvisethekindsofinvestmentthecharityshouldcommitto,toremain true
to its mission.

ThecoreresponsibilityoftheCharityisthehospitalitselfandtheCharityhassupportedthehospitalin its
roleasanIntermediateCareFacility,itsaimsbeingtoprovideacarepathwaybetweenacute treatment
inaDistrictGeneralHospital(DGH)andhome.Particularemphasisisplacedonremedialtherapy and
physiotherapytoensurepatientsarebetterabletocopewiththetransitionfromhospitalto home.
IntermediateCareHospitalsalsoprovidestepuptherapyfromhomewhichavoidstheneedtobecome a
patientataDGH.Thegymnasiumandequipmentplusthenewkitchenandlaundryhaveallenhanced the
servicecomponenttopatients.DrTuckeridentifiedthefutureneedforaMinorInjuryandIllness Unit
withX-Rayandradiographysupportasthenextimportantinvestmenttobringdiagnosticscloser to
home.

FromabroaderhealthperspectiveDrTuckernotedthatlargenumbersofelderlyandfrailpeople are
locatedinCareHomesaconsiderabledistancefromRye.TheEastSussexCountyCouncilsupported this
identifiedneedwithitsDemandMappingreport.TheCharitypurchasedtheadjacentsitetothe hospital
of1.5acres.FollowingacompetitivereviewtheCharityhasselectedGreenleevesasits preferred
developerandproviderandhascompleteda125yearGroundLease.PlanningPermissionfora60 bed
ResidentialCarehomehasbeenobtained.Theleasetermsprovideaconditionthat25%ofthebeds be
designatedascommunitybedsforlocalresidents.Utilityconnectionstothesitehavebeendelivered and
construction is due to commence in March 2022 with completion scheduled for the end of 2023.

DrTucker'sthirdandfinalrecommendationwasthattheAmbulanceSitecouldbedevelopedasa 5500
sq.ft.Hub.Thisnowprovidesamuchneededservicethatprovidestherapy;healthactivities and
catering.InthelightoftheCharity'ssustainedsurplusesthisproject,knownasTheHubonRyeHill, will
deliberatelyrunatanoperatinglosstofulfilitsmissiontodeliveritsservicestothecommunityatas low
a sustainable cost as possible.

Physiotherapy,rehabilitationanddiagnosticservicesarecentraltoIntermediateCareHospitalsand the
charity continues to seek ways of bringing a wide range of these services to its out-patient clinics.

IntheperiodfollowingtheendoftheAccountingYeartheBoardhascommittedtoamajor capital
improvementplantoreplacetheexistingboilers;ManagementSystemandventilationwithanair cooled
heatingsystem;Photo-VoltaicCellsandairconditioningtomaketheHospitaloneofthefirstin the
country to be substantially Carbon Neutral.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Rye,Winchelsea&DistrictMemorialHospitalLimitedisacompanylimitedbyguarantee.Thecompany is
governedbyitsMemorandumandArticlesofAssociation,whichsetouttheobjectsandpowersof the
company and its directors. It also provides for the appointment of new directors.

Recruitment and appointment of new trustees

Trusteesarerecruitedandappointedfrommembersofthelocalcommunitywhowishtoassist the
charity. Care is taken to ensure that an appropriate range of skills is represented

Page 4

RYE, WINCHELSEA AND DISTRICT
MEMORIAL HOSPITAL LIMITED (REGISTERED NUMBER: 02740665)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT

Organisational structure

TheBoardmeetsquarterly.Inaddition,itcarriesoutitsresponsibilitiesthroughanumberof committees
whosemembersaredrawnfromtheBoardandfromappropriatedcommunityvolunteerswith relevant
skills.InthecaseofFundRaising,participationisdrawnfromtheCharity'sexcellentnetwork of
supporters.Thecommitteesmeetasoftenasnecessary.Duringtheyearthesecommittees comprised:
Clinical;Hub;FundRaising;InvestmentandGovernance.TheBoardisabletoharnesstheadvice of
thesecommitteesanddevelopitsstrategicprioritiesmoreparticularlydescribedunderPlansfor Future
Periods.

InMay2020MrMartynPhillipsretiredfromtheBoardandbecametheChiefOperatingofficerona part
time basis, in light of the increasing operational demand posed  by the opening of the Hub.

ThedaytodayadministrationoftheCharityisdelegatedtotheCompanySecretaryand Senior
Administrative Officer, Mrs Francesca Clent.

Induction and training of new trustees

Newtrusteesundergoashortinductionprogrammewiththecharity'sadministratorandtrainingis made
available dependent of the needs of the trustee. Each Board Member is given a full formal Induction Pack.

Wider network

OtherthanmembershipoftheCommunityHospitalsAssociation,thecharityisnotamemberofa wider
network.

Risk management

Thetrusteesconstantlymonitoranyriskstowhichthecharitymaybeexposedandareconfident that
procedureshavebeenestablishedtomanagetheserisks.AformalRiskpolicyhasbeenadoptedand is
reviewed annually.

Fund raising approach and standards

TheCharityraisesfundstosupporttheHospitalthroughavoluntaryFundRaisingCommitteeof the
Friends, supported by the Company Secretary and Senior Administrative Officer.

Thescaleoftheseactivitiesaremodestwithapproximatelytentotwelveeventsayearwitha target
budget of £15k.

TheCharityobservestherequirementsoftheCharitiesAct1992withregardtosolicitation.Marketing is
done by use of the website, social media, printed fliers and word of mouth to its regular supporters.

The Charity also takes care to observe the requirements of the Data Protection legislation.

COVID-19

ThecurrentepidemichashadasignificantimpactontheoperationofTheHospitalandtheopeningof the
CommunityWellbeingCentre(Hub).TheCharityhasacommitmenttofollowallthe Government
guidelinesforuseandoccupancyandhassoughtexternaladvicetoensurecompliance.It's financial
position is such that it is well able to cope with any financial impact that the epidemic may pose.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

02740665 (England and Wales)

Registered Charity number

1014232

Registered office

The Memorial Care Centre
Peasmarsh Road
Rye Foreign, Rye
East Sussex
TN31 7UD

Page 5

RYE, WINCHELSEA AND DISTRICT
MEMORIAL HOSPITAL LIMITED (REGISTERED NUMBER: 02740665)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2022

Trustees

B M Nealon - Chairman
C A Rowsell (resigned 15/11/2021)
J C Kirkham
J J Huddle
Dr E M Bamji
J S Dudfield
Dr M K Kondagari
Dr R A McNeilly NHS Doctor
P J A Riley
I Potter
J J Posnette
B P Baker

Honorary appointments

Patron
Sir Paul McCartney
Presidents
A Phillips
Vice Presidents
J M Stevenson
Rev W Buxton
Honorary member
A M Oliphant
Company Secretary
F J Clent
Auditors
GMP Audit Limited, Statutory Auditor
82 High Street
Tenterden
Kent
TN30 6JG
Solicitors
Whitehead Monckton
3-4 Market Square
Tenterden
Kent
TN30 6BN

Bankers
HSBC
4 Robertson Street
Hastings
East Sussex
TN34 1HW

STATEMENT OF TRUSTEES' RESPONSIBILITIES

Thetrustees(whoarealsothedirectorsofRye,WinchelseaandDistrictMemorialHospitalLimitedfor the
purposesofcompanylaw)areresponsibleforpreparingtheReportoftheTrusteesandthe financial
statementsinaccordancewithapplicablelawandUnitedKingdomAccountingStandards(United Kingdom
Generally Accepted Accounting Practice).

Page 6

RYE, WINCHELSEA AND DISTRICT
MEMORIAL HOSPITAL LIMITED (REGISTERED NUMBER: 02740665)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2022

STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued

Companylawrequiresthetrusteestopreparefinancialstatementsforeachfinancialyearwhichgive a
trueandfairviewofthestateofaffairsofthecharitablecompanyandoftheincomingresources and
applicationofresources,includingtheincomeandexpenditure,ofthecharitablecompanyforthat period.
In preparing those financial statements, the trustees are required to

Thetrusteesareresponsibleforkeepingproperaccountingrecordswhichdisclosewith reasonable
accuracyatanytimethefinancialpositionofthecharitablecompanyandtoenablethemtoensure that
thefinancialstatementscomplywiththeCompaniesAct2006.Theyarealsoresponsiblefor safeguarding
theassetsofthecharitablecompanyandhencefortakingreasonablestepsfortheprevention and
detection of fraud and other irregularities.

In so far as the trustees are aware:

ThisreporthasbeenpreparedinaccordancewiththespecialprovisionsofPart15oftheCompanies Act
2006 relating to small companies.

Approved by order of the board of trustees on 7th December 2022 and signed on its behalf by:

B M Nealon - Trustee

Page 7

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
RYE, WINCHELSEA AND DISTRICT
MEMORIAL HOSPITAL LIMITED

Opinion

WehaveauditedthefinancialstatementsofRye,WinchelseaandDistrictMemorialHospitalLimited (the
'charitablecompany')fortheyearended31stMarch2022whichcomprisetheStatementof Financial
Activities,theBalanceSheet,theCashFlowStatementandnotestothefinancialstatements,including a
summaryofsignificantaccountingpolicies.Thefinancialreportingframeworkthathasbeenapplied in
theirpreparationisapplicablelawandUnitedKingdomAccountingStandards(UnitedKingdom Generally
Accepted Accounting Practice).

Basis for opinion

WeconductedourauditinaccordancewithInternationalStandardsonAuditing(UK)(ISAs(UK)) and
applicablelaw.Ourresponsibilitiesunderthosestandardsarefurtherdescribedinthe Auditors'
responsibilitiesfortheauditofthefinancialstatementssectionofourreport.Weareindependentof the
charitablecompanyinaccordancewiththeethicalrequirementsthatarerelevanttoourauditof the
financialstatementsintheUK,includingtheFRC'sEthicalStandard,andwehavefulfilledour other
ethicalresponsibilitiesinaccordancewiththeserequirements.Webelievethattheauditevidence we
have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

Inauditingthefinancialstatements,wehaveconcludedthatthetrustees'useofthegoingconcern basis
of accounting in the preparation of the financial statements is appropriate.

Basedontheworkwehaveperformed,wehavenotidentifiedanymaterialuncertaintiesrelating to
eventsorconditionsthat,individuallyorcollectively,maycastsignificantdoubtonthe charitable
company'sabilitytocontinueasagoingconcernforaperiodofatleasttwelvemonthsfromwhen the
financial statements are authorised for issue.

Ourresponsibilitiesandtheresponsibilitiesofthetrusteeswithrespecttogoingconcernaredescribed in
the relevant sections of this report.

Other information

Thetrusteesareresponsiblefortheotherinformation.Theotherinformationcomprisesthe information
includedintheAnnualReport,otherthanthefinancialstatementsandourReportofthe Independent
Auditors thereon.

Ouropiniononthefinancialstatementsdoesnotcovertheotherinformationand,excepttothe extent
otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Inconnectionwithourauditofthefinancialstatements,ourresponsibilityistoreadtheother information
and,indoingso,considerwhethertheotherinformationismateriallyinconsistentwiththe financial
statementsorourknowledgeobtainedintheauditorotherwiseappearstobemateriallymisstated.If we
identifysuchmaterialinconsistenciesorapparentmaterialmisstatements,wearerequiredto determine
whetherthisgivesrisetoamaterialmisstatementinthefinancialstatementsthemselves.If,based on
theworkwehaveperformed,weconcludethatthereisamaterialmisstatementofthisother information,
we are required to report that fact.  We have nothing to report in this regard.

Matters on which we are required to report by exception

WehavenothingtoreportinrespectofthefollowingmatterswheretheCharities(Accountsand Reports)
Regulations 2008 requires us to report to you if, in our opinion:

Page 8

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
RYE, WINCHELSEA AND DISTRICT
MEMORIAL HOSPITAL LIMITED

Responsibilities of trustees

AsexplainedmorefullyintheStatementofTrustees'Responsibilities,thetrustees(whoarealso the
directorsofthecharitablecompanyforthepurposesofcompanylaw)areresponsibleforthe preparation
ofthefinancialstatementsandforbeingsatisfiedthattheygiveatrueandfairview,andfor such
internalcontrolasthetrusteesdetermineisnecessarytoenablethepreparationoffinancial statements
that are free from material misstatement, whether due to fraud or error.

Inpreparingthefinancialstatements,thetrusteesareresponsibleforassessingthecharitable company's
abilitytocontinueasagoingconcern,disclosing,asapplicable,mattersrelatedtogoingconcern and
usingthegoingconcernbasisofaccountingunlessthetrusteeseitherintendtoliquidatethe charitable
company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

WehavebeenappointedasauditorsunderSection144oftheCharitiesAct2011andreport in
accordance with the Act and relevant regulations made or having effect thereunder.

Ourobjectivesaretoobtainreasonableassuranceaboutwhetherthefinancialstatementsasawhole are
freefrommaterialmisstatement,whetherduetofraudorerror,andtoissueaReportofthe Independent
Auditorsthatincludesouropinion.Reasonableassuranceisahighlevelofassurance,butisnot a
guaranteethatanauditconductedinaccordancewithISAs(UK)willalwaysdetecta material
misstatementwhenitexists.Misstatementscanarisefromfraudorerrorandareconsideredmaterial if,
individuallyorintheaggregate,theycouldreasonablybeexpectedtoinfluencetheeconomicdecisions of
users taken on the basis of these financial statements.

Theextenttowhichourproceduresarecapableofdetectingirregularities,includingfraudis detailed
below:

-Discussionswiththetrusteeswhichincludedconsiderationofknownorsuspectedinstances of
non-compliance with laws and regulations and fraud.

-Reviewing,evaluatingandtestingsystemsandcontrolstoassesstheireffectivenesstoprevent and
detect irregularities.

- Identifying, reviewing and testing of journal entries.

-Challengingassumptionsandjudgementsmadebythetrusteesinrespectofsignificant accounting
estimates.

-ReviewingminutesofTrusteeMeetingsforknownorsuspectedinstancesofnon-compliancewith laws
and regulations and fraud.

Thereareinherentlimitationsintheauditproceduresdescribedaboveandthefurther removed
non-compliancewithlawsandregulationsisfromtheeventsandtransactionsreflectedinthe financial
statements,thelesslikelywewouldbecomeawareofit.Also,theriskofnotdetectinga material
misstatementduetofraudishigherthantheriskofnotdetectingoneresultingfromerror,asfraud may
involvedeliberateconcealmentby,forexample,forgeryorintentionalmisrepresentations,or through
collusion.

Afurtherdescriptionofourresponsibilitiesfortheauditofthefinancialstatementsislocatedon the
FinancialReportingCouncil'swebsiteatwww.frc.org.uk/auditorsresponsibilities.Thisdescription forms
part of our Report of the Independent Auditors.

Page 9

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF RYE, WINCHELSEA AND DISTRICT MEMORIAL HOSPITAL LIMITED

Use of our report

Thisreportismadesolelytothecharitablecompany'strustees,asabody,inaccordancewithPart4 of
theCharities(AccountsandReports)Regulations2008.Ourauditworkhasbeenundertakensothat we
mightstatetothecharitablecompany'strusteesthosematterswearerequiredtostatetothemin an
auditors'reportandfornootherpurpose.Tothefullestextentpermittedbylaw,wedonotaccept or
assumeresponsibilitytoanyoneotherthanthecharitablecompanyandthecharitable company's
trustees as a body, for our audit work, for this report, or for the opinions we have formed.

for and on behalf of GMP Audit Limited, Statutory Auditor
Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006
82 High Street
Tenterden
Kent
TN30 6JG

8th December 2022

Page 10

RYE, WINCHELSEA AND DISTRICT
MEMORIAL HOSPITAL LIMITED

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31ST MARCH 2022

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
3
Charitable activities
Premises costs
Hub on the Hill
Other trading activities
4
Investment income
5
Total
EXPENDITURE ON
Raising funds
7
Charitable activities
8
Premises costs
Grants payable
Hub on the Hill
Other
Total
Net gains on investments
NET INCOME
Transfers between funds
22
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
269,951
421,188
16,961
50,894
13,032
772,026
24,392
472,798
4,858
131,130
1,175
634,353
34,539
172,212
15,593
187,805
4,360,775
4,548,580		 Restricted
funds
£
10,972
-
-
-
-
10,972
-
1,379
-
-
-
1,379
-
9,593
(15,593)
(6,000)
7,621
1,621		 2022
Total
funds
£
280,923
421,188
16,961
50,894
13,032
782,998
24,392
474,177
4,858
131,130
1,175
635,732
34,539
181,805
-
181,805
4,368,396
4,550,201		 2021
Total
funds
£
193,682
368,423
12,910
13,742
10,829
599,586
22,759
406,926
5,300
65,356
2,930
503,271
118,186
214,501
-
214,501
4,153,895
4,368,396 
The notes form part of these financial statements

Page 11

RYE, WINCHELSEA AND DISTRICT
MEMORIAL HOSPITAL LIMITED (REGISTERED NUMBER: 02740665)

BALANCE SHEET 31ST MARCH 2022

Notes
FIXED ASSETS
Tangible assets
15
Investments
Investments
16
Investment property
17
CURRENT ASSETS
Debtors
18
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
19
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS
Amounts falling due after more than one
year
20
NET ASSETS
FUNDS
22
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
Restricted
funds
funds
£
£
4,899,848
-
482,385
-
1
-
5,382,234
-
68,358
-
376,481
1,621
444,839
1,621
(56,335)
-
388,504
1,621
5,770,738
1,621
(1,222,158)
-
4,548,580
1,621		 2022
Total
funds
£
4,899,848
482,385
1
5,382,234
68,358
378,102
446,460
(56,335)
390,125
5,772,359
(1,222,158)
4,550,201
4,548,580
1,621
4,550,201		 2021
Total
funds
£
4,662,654
731,993
1
5,394,648
62,070
246,424
308,494
(102,268)
206,226
5,600,874
(1,232,478)
4,368,396
4,360,775
7,621
4,368,396		 
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct 2006
for the year ended 31st March 2022.

Themembershavenotdepositednotice,pursuanttoSection476oftheCompaniesAct2006requiring an
audit of these financial statements.

The trustees acknowledge their responsibilities for

ThesefinancialstatementshavebeenauditedundertherequirementsofSection145oftheCharities Act
2011.

The notes form part of these financial statements

continued...

Page 12

RYE, WINCHELSEA AND DISTRICT
MEMORIAL HOSPITAL LIMITED (REGISTERED NUMBER: 02740665)

BALANCE SHEET - continued 31ST MARCH 2022

Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicableto charitable
companies subject to the small companies regime.

ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
7th December 2022 and were signed on its behalf by:

B M Nealon - Trustee

The notes form part of these financial statements

Page 13

RYE, WINCHELSEA AND DISTRICT
MEMORIAL HOSPITAL LIMITED

CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH 2022

2022 2021
Notes £ £
Cash flows from operating activities
Cash generated from operations 1 199,410 104,355
Net cash provided by operating activities 199,410 104,355
Cash flows from investing activities
Purchase of tangible fixed assets (364,911) (296,408)
Purchase of fixed asset investments (25,003) (189,129)
Sale of fixed asset investments 309,150 134,592
Interest received 20 63
Dividends received 13,012 10,766
Net cash used in investing activities (67,732) (340,116)
Change in cash and cash
equivalents in the reporting period 131,678 (235,761)
Cash and cash equivalents at the
beginning of the reporting period 246,424 482,185
Cash and cash equivalents at the
end of the reporting period 378,102 246,424 
The notes form part of these financial statements

Page 14

RYE, WINCHELSEA AND DISTRICT
MEMORIAL HOSPITAL LIMITED

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH 2022

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES OPERATING ACTIVITIES
2022 2021
£ £
Net income for the reporting period (as per the Statement
of Financial Activities) 181,805 214,501
Adjustments for:
Depreciation charges 127,716 121,271
Gain on investments (34,539) (118,186)
Interest received (20) (63)
Dividends received (13,012) (10,766)
(Increase)/decrease in debtors (6,287) 64,050
Decrease in creditors (56,253) (166,452)
Net cash provided by operations 199,410 104,355

2. ANALYSIS OF CHANGES IN NET FUNDS

Net cash
Cash at bank and in hand
Total		 At 1/4/21
£
246,424
246,424
246,424		 Cash flow
At 31/3/22
£
£
131,678
378,102
131,678
378,102
131,678
378,102		 
The notes form part of these financial statements

Page 15

RYE, WINCHELSEA AND DISTRICT
MEMORIAL HOSPITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022

1. STATUTORY INFORMATION

Rye,WinchelseaandDistrictMemorialHospitalLimitedisaprivatecharitablecompanylimited by
guarantee,registeredinEnglandandWales.Thecompany'sregisterednumberand registered
officeaddresscanbefoundinthereferenceandadministrativedetailsintheReportof the
Trustees.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS 102,
havebeenpreparedinaccordancewiththeCharitiesSORP(FRS102)'Accountingand Reporting
byCharities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheir accounts
inaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicof Ireland
(FRS102)(effective1January2019)',FinancialReportingStandard102'TheFinancial Reporting
StandardapplicableintheUKandRepublicofIreland'andtheCompaniesAct2006.The financial
statementshavebeenpreparedunderthehistoricalcostconvention,withtheexception of
investments which are included at market value, as modified by the revaluation of certain assets.

Income

AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlement to
the funds, it is probable that the income will be received and the amount can be measured reliably.

Fees, contributions and grants comprise of amounts receivable during the year.

Receiptofalegacy,inwholeorinpart,isonlyconsideredprobablewhentheamountcan be
measuredreliablyandthecharityhasbeennotifiedoftheexecutor•sintentiontomake a
distribution.Wherelegacieshavebeennotifiedtothecharity,orthecharityisawareof the
grantingofprobate,andthecriteriaforincomerecognitionhavenotbeenmet,thenthelegacy is
treated as a contingent asset and disclosed if material.

Thevalueofdonateditemsisrecognisedwhentheassociatedraffleorauctionhastaken place
through the receipt of funds from these events.

Thevaluabletimegivenbyvolunteerstowardsthecharitiesobjectivesisnotvaluedfor the
purposes of these financial statements.

Investment income is recognised in the financial statements when receivable.

The lease premium income has been deferred over the period of the lease on a straight line basis.

Expenditure

Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation
committingthecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefits will
berequiredinsettlementandtheamountoftheobligationcanbemeasuredreliably. Expenditure
isaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregate all
costrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadings they
have been allocated to activities on a basis consistent with the use of resources.

Costsinfurtheranceofthecharitableobjectivesarethosethatrelatedirectlytotheupkeep and
maintenance of the hospital including salaries.

Fundraisingexpenditurerepresentsthedirectcostsoffundraisingandincludesthesalaries and
otherdirectcostsoffundraisingstaff.Publicitycostsdirectlyrelatedtofundraisingareincluded in
the fundraising costs.

Management and administration costs include office costs and other expenditure including salaries.

continued...

Page 16

RYE, WINCHELSEA AND DISTRICT
MEMORIAL HOSPITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022

2. ACCOUNTING POLICIES - continued

Tangible fixed assets

Fixedassetsarerecordedatcostor,incaseswhereassetshavebeendonated,atthevaluation at
the time of the acquisition.

Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetsover its
useful economic life:
Freehold buildings - straight line over 100 years
Freehold buildings - refurbishment - 10% or 20% on cost
costs
Assets in the course of construction - not depreciated until brought into use
Furniture and equipment - 10% on cost 
No depreciation is provided on freehold land.

Investments

Listedinvestmentsareincludedatmarketvalueattheyearend.Gainsandlossesondisposal and
revaluation of investments are charged or credited to the Statement of Financial Activities.

Investment property

Investmentpropertyisshownatmostrecentvaluation.Anyaggregatesurplusordeficit arising
from changes in fair value is recognised in the Statement of Financial Activities.

Taxation

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

Fund accounting

Unrestrictedfundscanbeusedinaccordancewiththecharitableobjectivesatthediscretionof the
trustees.

Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsof the
charity.Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedfor particular
restricted purposes.

Inthetrusteesopinion,wherenorestrictionsareplaced,theincomingresourcesand resources
expendedareallderivedforthebenefitofrunningthehospitalpremises.Thereforethe trustees
choose to classify this income and expenditure as unrestricted.

Designatedfundscompriseunrestrictedfundsthathavebeensetasidebythetrustees for
particular purposes.

Debtors

Tradeandotherdebtorsarerecognisedatthesettlementamountdueafteranytrade discount
offered.Prepaymentsarevaluedattheamountprepaidattheyearendaftertakingaccountof any
trade discounts due.

Creditors and provisions

Creditorsandprovisionsarerecognisedwherethecharityhasapresentobligationresultingfrom a
pasteventthatwillprobablyresultinthetransferoffundstoathirdpartyandtheamountdue to
settletheobligationcanbemeasuredorestimatedreliably.Creditorsandprovisionsare normally
recognised at their settlement amount after allowing for any trade discounts due.

Pension costs and other post-retirement benefits

Thecharitablecompanyoperatesadefinedcontributionpensionscheme.Contributionspayable to
thecharitablecompany'spensionschemearechargedtotheStatementofFinancialActivities in
the period to which they relate.

continued...

Page 17

RYE, WINCHELSEA AND DISTRICT
MEMORIAL HOSPITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022

3.
DONATIONS AND LEGACIES
Donations
Gift aid
Legacies
Grants
Other income
Grants received, included in the above, are as follows:
CJRS grants
4.
OTHER TRADING ACTIVITIES
Fundraising events
Hub on the Hill Cafe
5.
INVESTMENT INCOME
Fixed asset investments
Deposit account interest
6.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Running costs recharged
to the ESHT
Premises costs
ESHT rent and
management charges
Premises costs
Other rents receivable
Premises costs
Other costs recharged
Premises costs
Licence fees
Hub on the Hill		 2022
£
19,762
2,487
251,000
-
7,674
280,923
2022
£
-
2022
£
23,366
27,528
50,894
2022
£
13,012
20
13,032
2022
£
203,921
135,000
81,101
1,166
16,961
438,149		 2021
£
23,560
3,117
155,778
6,403
4,824		 2021
£
23,560
3,117
155,778
6,403
4,824		 2021
£
23,560
3,117
155,778
6,403
4,824
193,682
2021
£
6,403
2021
£
2,887
10,855
13,742
2021
£
10,766
63
10,829
2021
£
149,725
134,426
80,531
3,741
12,910		 2021
£
6,403
2021
£
2,887
10,855		 2021
£
6,403
13,742
2021
£
10,766
63
10,829
381,333 
continued...

Page 18

RYE, WINCHELSEA AND DISTRICT
MEMORIAL HOSPITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022

7. RAISING FUNDS

Raising donations and legacies

Staff costs
Other fundraising costs
Other trading activities
Purchases
Investment management costs
Portfolio management
Aggregate amounts
CHARITABLE ACTIVITIES COSTS
Premises costs
Grants payable
Hub on the Hill
DIRECT COSTS OF CHARITABLE ACTIVITIES
Staff costs
Rates and water
Insurance
Light and heat
Telephone
Advertising
Running costs recharged to the ESHT
Contribution to Sara Lee Trust running costs
Running costs not recharged
Maintenance
Licences
Cleaning
Donations
Carried forward		 Direct
Costs (see
note 9)
£
401,820
4,858
126,242
532,920

8. CHARITABLE ACTIVITIES COSTS

9. DIRECT COSTS OF CHARITABLE ACTIVITIES

continued...

Page 19

RYE, WINCHELSEA AND DISTRICT
MEMORIAL HOSPITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022

9. DIRECT COSTS OF CHARITABLE ACTIVITIES - continued

Brought forward
Depreciation
SUPPORT COSTS
Management
£
Other resources expended
-
Premises costs
62,794
Hub on the Hill
2,334
65,128
Support costs, included in the above, are as follows:
Management
Premises
Hub on
costs
the Hill
£
£
Wages
44,122
-
Social security
3,859
-
Pensions
606
-
Repairs and maintenance
1,646
-
Office costs
1,887
995
Other expenses
10,674
875
Website costs
-
464
62,794
2,334
Governance costs
Other
resources
Premises
Hub on
expended
costs
the Hill
£
£
£
Auditors' remuneration
-
5,725
-
Auditors' remuneration
for non audit work
1,175
-
-
Bank charges
-
292
369
Legal fees
-
3,546
2,185
1,175
9,563
2,554		 2022
£
405,204
127,716
532,920
Governance
costs
£
1,175
9,563
2,554
13,292
2022
Total
activities
£
44,122
3,859
606
1,646
2,882
11,549
464
65,128
2022
Total
activities
£
5,725
1,175
661
5,731
13,292		 2021
£
284,048
121,271
405,319
Totals
£
1,175
72,357
4,888
78,420
2021
Total
activities
£
38,146
2,814
548
2,517
5,321
9,494
-
58,840
2021
Total
activities
£
5,200
2,930
232
7,991
16,353

10. SUPPORT COSTS

continued...

Page 20

RYE, WINCHELSEA AND DISTRICT
MEMORIAL HOSPITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022

11. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):
2022 2021
£ £
Auditors' remuneration 5,725 5,200
Auditors' remuneration for non audit work 1,175 2,930
Depreciation - owned assets 127,717 121,272
Accountancy recharged to tenants 5,125 6,305

12. TRUSTEES' REMUNERATION AND BENEFITS

Therewerenotrustees'remunerationorotherbenefitsfortheyearended31stMarch2022nor for
the year ended 31st March 2021.

Trustees' expenses

Therewerenotrustees'expensespaidfortheyearended31stMarch2022norfortheyear ended
31st March 2021.

13. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 2022
£
172,474
13,131
3,239
188,844		 2021
£
130,863
9,317
2,418
142,598 
The average monthly number of employees during the year was as follows:
Operation of the charity
Operation of Hub		 2022
4
5
9		 2021
3
3
6 
No employees received emoluments in excess of £60,000.

14. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Premises costs
Hub on the Hill
Other trading activities
Investment income
Total		 Unrestricted
funds
£
187,032
368,423
12,910
13,742
10,829
592,936		 Restricted
funds
£
6,650
-
-
-
-
6,650		 Total
funds
£
193,682
368,423
12,910
13,742
10,829
599,586 
continued...

Page 21

RYE, WINCHELSEA AND DISTRICT
MEMORIAL HOSPITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022

14. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

EXPENDITURE ON
Raising funds
Charitable activities
Premises costs
Grants payable
Hub on the Hill
Other
Total
Net gains on investments
NET INCOME
Transfers between funds
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
15.
TANGIBLE FIXED ASSETS
COST
At 1st April 2021
Additions
At 31st March 2022
DEPRECIATION
At 1st April 2021
Charge for year
At 31st March 2022
NET BOOK VALUE
At 31st March 2022
At 31st March 2021		 Freehold
property
£
5,633,873
196,494
5,830,367
1,050,986
109,348
1,160,334
4,670,033
4,582,887		 Unrestricted
funds
£
22,759
406,058
5,300
65,356
2,930
502,403
118,186
208,719
44,111
252,830
4,107,945
4,360,775
Assets in
the
course of
construction
£
-
128,159
128,159
-
-
-
128,159
-		 Unrestricted
funds
£
22,759
406,058
5,300
65,356
2,930
502,403
118,186
208,719
44,111
252,830
4,107,945
4,360,775
Assets in
the
course of
construction
£
-
128,159
128,159
-
-
-
128,159
-		 Restricted
Total
funds
funds
£
£
-
22,759
868
406,926
-
5,300
-
65,356
-
2,930
868
503,271
-
118,186
5,782
214,501
(44,111)
-
(38,329)
214,501
45,950
4,153,895
7,621
4,368,396
Fixtures
and
fittings
Totals
£
£
250,070
5,883,943
40,258
364,911
290,328
6,248,854
170,303
1,221,289
18,369
127,717
188,672
1,349,006
101,656
4,899,848
79,767
4,662,654		 Total
funds
£
22,759
406,926
5,300
65,356
2,930
503,271
118,186
214,501
-
214,501
4,153,895
4,368,396 
Includedincostorvaluationoflandandbuildingsisfreeholdlandof£273,266(2021- £273,266)
which is not depreciated.

continued...

Page 22

RYE, WINCHELSEA AND DISTRICT
MEMORIAL HOSPITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022

16. FIXED ASSET INVESTMENTS

MARKET VALUE
At 1st April 2021
Additions
Disposals
Revaluations
At 31st March 2022
NET BOOK VALUE
At 31st March 2022
At 31st March 2021
There were no investment assets outside the UK.
Cost or valuation at 31st March 2022 is represented by:
Cost
17.
INVESTMENT PROPERTY
FAIR VALUE
At 1st April 2021
and 31st March 2022
AMORTISATION
At 1st April 2021
and 31st March 2022
NET BOOK VALUE
At 31st March 2022
At 31st March 2021		 Listed
investments
£
719,843
25,003
(289,188)
18,580
474,238
474,238
719,843
Listed
investments
£
474,238		 Cash held
for
investments
£
12,150
-
(4,003)
-
8,147
8,147
12,150
Cash held
for
investments
£
8,147		 Totals
£
731,993
25,003
(293,191)
18,580
482,385
482,385
731,993
Totals
£
482,385
£
492,744
492,743
1
1		 
Included in investment property is freehold land valued at £1 (2021 - £1).

Thefreeholdlandacquiredduringtheyearended31March2019wassubsequentlyleasedto a
Trustforaperiodof125yearsfortheconstructionandrunningofacarehome,atapremium of
£1,060,000.IntheTrustees'opinionthelandhasnoopenmarketvalueanditsfairvalue has
therefore been reduced to £1.

continued...

Page 23

RYE, WINCHELSEA AND DISTRICT
MEMORIAL HOSPITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022

18. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade debtors
VAT
Prepayments and accrued income
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Social security and other taxes
Other creditors
Deferred income		 2022
£
48,343
16,702
3,313
68,358
2022
£
2,647
43,368
10,320
56,335		 2021
£
11,940
22,396
27,734
62,070
2021
£
1,877
90,071
10,320
102,268

19. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Thecompanyacquiredthefreeholdlandon6October2006atacostof£250,000.Aproportion of
this has been leased to a GP practice on a 125 year lease at a premium of £230,000.

On6November2018thecompanyleasedafurtherareaoffreeholdlandtoaTrustfor the
construction of a care home at a premium of £1,060,000, for a period of 125 years.

TheabovepremiumshavebeendeferredandarebeingreleasedtotheStatementof Financial
Activitiesonastraightlinebasisoverthetermofthelease.Thedeferredelementsare shown
withinothercreditorsbothinshorttermandcreditors,amountsfallingdueaftermorethan one
year.

20. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022 2021
£ £
Deferred income 1,222,158 1,232,478

21. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2022 2021
£ £
Within one year 1,464 1,260 
Lease payments recognised as an expense in the year were £1,500 (2021: £1,500)

continued...

Page 24

RYE, WINCHELSEA AND DISTRICT
MEMORIAL HOSPITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022

22. MOVEMENT IN FUNDS

Net
movement
At 1/4/21
in funds
£
£
Unrestricted funds
General fund
(301,879)
299,929

Fixed assets
4,662,654
(127,717)
4,360,775
172,212
Restricted funds
Nurses fund
2,560
(1,000)
District nurses fund
61
-
Equipment fund
5,000
10,593
7,621
9,593
TOTAL FUNDS
4,368,396
181,805
Net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
772,027
(506,637)
Fixed assets
(1)
(127,716)
772,026
(634,353)
Restricted funds
Nurses fund
379
(1,379)
Equipment fund
10,593
-
10,972
(1,379)
TOTAL FUNDS
782,998
(635,732)		 Net
movement
At 1/4/21
in funds
£
£
Unrestricted funds
General fund
(301,879)
299,929

Fixed assets
4,662,654
(127,717)
4,360,775
172,212
Restricted funds
Nurses fund
2,560
(1,000)
District nurses fund
61
-
Equipment fund
5,000
10,593
7,621
9,593
TOTAL FUNDS
4,368,396
181,805
Net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
772,027
(506,637)
Fixed assets
(1)
(127,716)
772,026
(634,353)
Restricted funds
Nurses fund
379
(1,379)
Equipment fund
10,593
-
10,972
(1,379)
TOTAL FUNDS
782,998
(635,732)		 Transfers
between
funds
£
(349,319)
364,912
15,593
-
-
(15,593)
(15,593)
-
Gains and
losses
£
34,539
-
34,539
-
-
-
34,539		 At
31/3/22
£
(351,269)
4,899,849
4,548,580
1,560
61
-
1,621
4,550,201
Movement
in funds
£
299,929
(127,717)
172,212
(1,000)
10,593
9,593
181,805		 
continued...

Page 25

RYE, WINCHELSEA AND DISTRICT
MEMORIAL HOSPITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022

22. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Fixed assets
Restricted funds
Nurses fund
District nurses fund
Equipment fund
Hub
TOTAL FUNDS		 At 1/4/20
£
1,319,449
2,788,496
4,107,945
1,778
61
-
44,111
45,950
4,153,895		 Net
movement
in funds
£
329,990
(121,271)
208,719
782
-
5,000
-
5,782
214,501		 Transfers
between
funds
£
(1,951,318)
1,995,429
44,111
-
-
-
(44,111)
(44,111)
-		 At
31/3/21
£
(301,879)
4,662,654
4,360,775
2,560
61
5,000
-
7,621
4,368,396		 
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Fixed assets
Restricted funds
Nurses fund
Equipment fund
TOTAL FUNDS		 Incoming
resources
£
592,936
-
592,936
1,650
5,000
6,650
599,586		 Resources
expended
£
(381,132)
(121,271)
(502,403)
(868)
-
(868)
(503,271)		 Gains and
losses
£
118,186
-
118,186
-
-
-
118,186		 Movement
in funds
£
329,990
(121,271)
208,719
782
5,000
5,782
214,501		 
continued...

Page 26

RYE, WINCHELSEA AND DISTRICT
MEMORIAL HOSPITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022

22. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:
Unrestricted funds
General fund
Fixed assets
Restricted funds
Nurses fund
District nurses fund
Equipment fund
Hub
TOTAL FUNDS		 At 1/4/20
£
1,319,449
2,788,496
4,107,945
1,778
61
-
44,111
45,950
4,153,895		 Net
movement
in funds
£
629,919
(248,988)
380,931
(218)
-
15,593
-
15,375
396,306		 Transfers
between
funds
£
(2,300,637)
2,360,341
59,704
-
-
(15,593)
(44,111)
(59,704)
-		 At
31/3/22
£
(351,269)
4,899,849
4,548,580
1,560
61
-
-
1,621
4,550,201		 
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,included in
the above are as follows:
Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
1,364,963
(887,769)
Fixed assets
(1)
(248,987)
1,364,962
(1,136,756)
Restricted funds
Nurses fund
2,029
(2,247)
Equipment fund
15,593
-
17,622
(2,247)
TOTAL FUNDS
1,382,584
(1,139,003)		 Gains and
losses
£
152,725
-
152,725
-
-
-
152,725		 Movement
in funds
£
629,919
(248,988)
380,931
(218)
15,593
15,375
396,306		 
Fixedassetshavebeenseparatelydesignatedtoshowthefreereservespositionatthe balance
sheet date.

AmountsdonatedtotheNursesbypatients,relativesandfriends,areheldinaseparatefund. This
is spent on refreshments and an annual party. Similarly there is a fund for the District Nurses.

Theequipmentfundrepresentsdonationsmadetothecharitytopurchasesmallitems of
equipmenttoassistwithpatientservices.Transfersfromthisfundtothedesignatedfixed assets
fundrepresentfundswhichhavebeenfullyexpended,thetermsofrestrictionappliedhave been
met and the associated fixed assets are an integral part of the fixed assets of the charity.

continued...

Page 27

RYE, WINCHELSEA AND DISTRICT
MEMORIAL HOSPITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022

23. CAPITAL COMMITMENTS

At the year end the board had committed to the carbon reduction phase 2 totalling £322,712.

24. RELATED PARTY DISCLOSURES

MrBNealon,atrustee,isthechairmanofRye&DistrictCommunityTransport,acharitythat Rye,
Winchelsea And District Memorial Hospital donated £10,000 (2021: £8,000) to in the year.

Totaldonationsreceivedfromtrusteesintheyearwithoutconditionswas£240(2021: £315).
Total donations received with conditions was £nil (2021 - £5,000).

25. ULTIMATE CONTROLLING PARTY

The charity is controlled by the board of trustees.

26. CONTINGENT ASSETS

Attheyearendthecharityisduearesidualbalancefromalegacy,thishasbeenestimated at
approximately£18,000buthasnotbeenconfirmed,thereforenoamounthasbeenaccrued in
respect of this legacy.

Page 28