``` 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 ``` - `select suitable accounting policies and then apply them consistently;` - `observe the methods and principles in the Charity SORP;` - `make judgements and estimates that are reasonable and prudent;` - `prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.` ``` Thetrusteesareresponsibleforkeepingproperaccountingrecordswhichdisclosewith reasonable accuracyatanytimethefinancialpositionofthecharitablecompanyandtoenablethemtoensure that thefinancialstatementscomplywiththeCompaniesAct2006.Theyarealsoresponsiblefor safeguarding theassetsofthecharitablecompanyandhencefortakingreasonablestepsfortheprevention and detection of fraud and other irregularities. ``` ``` In so far as the trustees are aware: ``` - `there is no relevant audit information of which the charitable company's auditors are unaware; and` - `the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.` ``` 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). ``` - `In our opinion the financial statements:` - `give a true and fair view of the state of the charitable company's affairs as at 31st March 2022 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;` - `have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and` - `have been prepared in accordance with the requirements of the Companies Act 2006.` ## **`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: ``` - `the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or` - `the charitable company has not kept adequate accounting records; or` - `the financial statements are not in agreement with the accounting records and returns; or` - `we have not received all the information and explanations we require for our audit.` ``` 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 ``` - `(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.` ``` 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 ```