```
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 2023
```
## **`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 2023`**
**----- 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 27
**----- End of picture text -----**
```
RYE, WINCHELSEA AND DISTRICT
MEMORIAL HOSPITAL LIMITED
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023`**
```
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006, present
theirreportwiththefinancialstatementsofthecharityfortheyearended31stMarch2023.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
yearsexpiringon30May2020.TheleasewasassignedtotheEastSussexHealthcareTrust(ESHT)on 1
April2013astheNHSserviceprovider,uponthedemiseofthePCT.ADeedofVariationhas been
executedwiththeCharitytoextendtheleaseto30May2030withamutualoptiontoterminatein 2025.
Throughanumberofnegotiatedchangessincethen,ESHTnowoccupythewholeofthegroundfloor with
officesonthefirstfloorandnowpayaservicechargeof87%.InadditiontheMutualOptionto terminate
theleasehasbeenremovedandESHThaveafixedtermto2030,allofthisbeingembodiedina revised
leasewhichwillbeshortlyexecuted.Therentpayableforthebalanceofthetermisfixedat£150k per
annum.
```
```
-TheAmbulanceSite.TheCharityacquiredthissiteadjacenttothehospitalin2016and obtained
PlanningConsenttobuilda5,500squarefootCommunityWellbeingCentre(TheHub).Worktobuild the
sitewascompetitivelytenderedandwonbyJenneratacontractpriceofjustunder£2m. Construction
wascompletedinAugust2020butimpactedbytheCOVIDrestrictions.Corelicencestoanumber of
importanttherapyprovidershavebeenagreed:suchasSt.Michael'sHospice;RyeandDistrict Day
CentreandSaraLeeTrust.AverypopularcoffeeshopmakestheHubanimportantcommunity meeting
place. Plans are being actively developed to broaden its community outreach.
```
```
Page 1
```
```
RYE, WINCHELSEA AND DISTRICT
MEMORIAL HOSPITAL LIMITED
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023`**
## **`Objectives and significant activities (continued)`**
```
-TheCareHomeSite.TheCharityhascompletedthepurchaseofa1.5acrepieceofagricultural land
adjoiningthesurgeryattherearoftheCentre,withitsownaccesstoRyeHillforthepurpose of
developingaCareHome.AftercompetitivereviewGreensleeveswereselectedasthepreferred developer
andoperatoroftheproposedCareHomesubjecttoa£1.06mprepaymentforthelongleasehold interest.
Planningpermissionwasobtainedforthedevelopmentofa60bedCareHome.TheCharityhas delivered
theutilitiestothesite,aspartofitscommitment,toenablethedevelopmentoftheproject. High
inflationandtheimpactofCOVIDonthecareindustryhasdelayedthestartof development.
GreensleevesexpecttostartconstructioninMarch2024.AnimportantfeatureoftheGround Lease
grantedtoGreensleevesistheircommitmentthat25%ofthebedswillbecommunitysubsidisedfor the
benefitoflocalresidentsratherthanfullopenmarket.Greensleeveswererecentlyidentifiedbythe Which
Report as the best Not-For-Profit provider in the Country.
```
```
TheNHShashaddifficultyinrecruitingoverseasstafftothehospitalbecauseofproblemsin finding
affordablelivingaccommodationinRye.TheCharityhasleased3ForgeMewscapableofhousing three
nurses and to date two have taken occupancy, alleviating the staffing pressure.
```
```
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 fundraising to alleviate the identified needs of the hospital.
```
```
ArollingprogrammeoffundraisingactivitiesandeventsiscarriedoutbytheFriendswithinthe local
community.EventsaregeneratedeitherfromtheCharity'sofficesororganisedbyexternalvolunteers. In
addition,theCharityseeksincomefromregulardonationsenhancedbytheGiftAidScheme and
appropriate management of its investment assets.
```
## **`Volunteers`**
```
ThepositionsofChairmanoftheFriendsandtheChairmanoftheFundRaisingSubCommittee are
unsalaried positions.
```
```
TheCompanySecretaryandSeniorAdministrativeOfficerhasbeenafulltimepostsinceMay2020, with
40%ofhertimededicatedtohospitalactivitiesand60%toCharityactivities.Allfundraising activities
areplannedandco-ordinatedbyandthroughtheaforementionedpost,withassistanceappropriate to
each activity being provided solely by unpaid volunteers.
```
## **`ACHIEVEMENT AND PERFORMANCE`**
## **`Charitable activities`**
```
TheCharitycontinuedduringtheperiodunderreviewinitsprincipalactivityasfreeholderof the
MemorialCareCentre.Thenetsurplusfortheyearbeforeunrealisedlossesoninvestments(£2,752) was
£74,169afterallowingforthedepreciationandimpairmentoftheCharity'srealpropertyandfittings and
fixtures in a sum of £89,133.
```
```
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
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023`**
## **`Charitable activities (continued)`**
```
Theplantandequipmentinthehospitalisnow30yearsoldandoverthelasttwoyearshas needed
significantexpenditureonrepairs.Externalconsultantswereinstructedtocarryoutathorough review
andadvisedthatmostoftheequipmentwascomingtotheendofitsusefullife.TheBoarddecidedthat it
wishedthehospitaltobecomethefirstcarbonneutralhospitalinthecountryandcommissionedDMA to
installphoto-voltaiccellsontheroofs,Teslabatteriestostorethepowergeneratedandastateofthe art
ManagementSystemtomaximiseefficiency.Anagreedfixedbudgetof£680kwasagreedtobepaid for
by the Charity and work is underway.
```
```
Additionally,althoughgovernmentpolicyisexpressedtobesupportiveofcommunityhospitalsthe reality
isthatthecurrenteconomicfinancialpositionofmanyHealthcareTrustshasmeantthat community
hospitalshavehadtheirbedsclosedtoachieveeconomies.TheCharity'sstrategyistodevelopa strong
workingbondwithESHTwhileretainingsignificantreservestoenableittorespondintheunlikely event
thattheydecidetoreduceor,even,withdrawitssupport.Withthecompletionoftheleaseextension to
ESHT,theTrusteestooktheviewthatsomeofitsreservesheldagainstthisriskshouldbereleased to
assist in funding capital projects.
```
## **`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£4,603,096atthebalancesheetdate,of which
£5,089,431relatestofixedassetswhichwouldhavetobedisposedofinordertorealisethefull fund
amount. The amount of general reserves excluding the building fund is a deficit of £486,335.
```
```
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 £840.
```
```
Page 3
```
```
RYE, WINCHELSEA AND DISTRICT
MEMORIAL HOSPITAL LIMITED
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023`**
## **`FUTURE PLANS`**
## **`Community Outreach`**
```
TheCharityhasalmostcompleteditsdevelopmentplansfortheMemorialCareCentreandisturning its
attentiontoexpandingitshealthcareoutreachintothecommunity.PublicHealthservicesprovided by
RotherDistrictCouncilandEastSussexCountyCouncilhavebeengreatlyrestricteddueto budget
constraintsandtheimpactinthecommunityhasbeensignificant.Throughaseriesofnetworking events
the Charity seeks to bridge this gap in resources.
```
```
InadditiontheCharityhaslongwishedtoprovideaMinorInjuryandIllnessclinicinthe Out-Patient
area.SupportforthisisincreasingandaworkinggroupwiththeGPpractice,theambulance service
(SECAmb) and the NHS is trying to develop a pilot scheme.
```
```
After 13 years in post, the Chairman has notified the Board of his intention to retire at the end of 2024.
```
```
TheBoardarelookingforaparttimeChiefExecutiveOfficertobothassumethefunctionsperformed by
the Chairman and to bring additional skills which will enhance the Board's Outreach objectives.
```
## **`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
```
## **`Organisational structure`**
```
TheBoardmeetsquarterly.Inaddition,itcarriesoutitsresponsibilitiesthroughanumberof committees
whosemembersaredrawnfromtheBoardandfromappropriatedcommunityvolunteerswith relevant
skills.InthecaseofFundraising,participationisdrawnfromtheCharity'sexcellentnetwork of
supporters.Thecommitteesmeetasoftenasnecessary.Duringtheyearthesecommittees comprised:
Clinical,Hub,Friends,Fundraising,InvestmentandFinance&Governance.TheBoardisableto harness
theadviceofthesecommitteesanddevelopitsstrategicprioritiesmoreparticularlydescribed under
Plans for Future Periods.
```
```
InMay2020MrMartynPhillipsretiredfromtheBoardandbecametheChiefOperatingOfficerona part
timebasis.BySeptember2022hehadcompletedhiskeydutiesandrejoinedtheBoardin December
2022 where he chairs the Finance & Governance Committee.
```
```
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.AformalRiskRegisterhasbeenadoptedand is
reviewed at each Board Meeting
```
```
Page 4
```
```
RYE, WINCHELSEA AND DISTRICT
MEMORIAL HOSPITAL LIMITED
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023`**
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Fundraising 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.
```
## **`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
```
## **`Trustees`**
```
B M Nealon - Chairman
```
```
J S Dudfield - Vice Chair
```
```
J C Kirkham
```
```
J J Huddle
Dr E M Bamji (retired) stepped down from the Board December 2022
```
```
Dr M K Kondagari (GP)
```
```
Dr R A McNeilly (retired)
P J A Riley
I Potter
J J Posnette
B P Baker
R Clarke elected December 2022
M H Phillips elected December 2022
R J Bisson elected December 2022
```
## **`Honorary appointments`**
## **`Patron`**
```
Sir Paul McCartney
```
## **`Presidents`**
```
A Phillips
```
## **`Vice Presidents`**
```
J M Stevenson
Rev W Buxton (deceased)
```
## **`Honorary member`**
```
A M Oliphant
```
## **`Company Secretary`**
```
F J Clent
```
```
Page 5
```
```
RYE, WINCHELSEA AND DISTRICT
MEMORIAL HOSPITAL LIMITED
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023`**
## **`REFERENCE AND ADMINISTRATIVE DETAILS`**
## **`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).
```
```
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.`
```
Page 6
```
```
RYE, WINCHELSEA AND DISTRICT
MEMORIAL HOSPITAL LIMITED
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023`**
```
ThisreporthasbeenpreparedinaccordancewiththespecialprovisionsofPart15oftheCompanies Act
2006 relating to small companies.
```
```
Approved by order of the board of trustees on 29th November 2023 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')fortheyearended31stMarch2023whichcomprisetheStatementof 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 2023 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
```
```
1st December 2023
```
```
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 2023`**
|`Notes`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`3`
**`Charitable activities`**
`6`
`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/(losses) on investments`
**`NET INCOME/(EXPENDITURE)`**
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
**`TOTAL FUNDS CARRIED FORWARD`**|`Unrestricted`
`funds`
`£`
**`141,079`**
**`407,642`**
**`37,618`**
**`83,629`**
**`11,303`**
**`681,271`**
**`37,880`**
**`396,815`**
**`4,417`**
**`164,457`**
**`-`**
**`603,569`**
**`(23,186)`**
**`54,516`**
**`4,548,580`**
**`4,603,096`**|`Restricted`
`funds`
`£`
**`501`**
**`-`**
**`-`**
**`-`**
**`-`**
**`501`**
**`-`**
**`1,282`**
**`-`**
**`-`**
**`-`**
**`1,282`**
**`-`**
**`(781)`**
**`1,621`**
**`840`**|**`2023`**
**`Total`**
**`funds`**
**`£`**
**`141,580`**
**`407,642`**
**`37,618`**
**`83,629`**
**`11,303`**
**`681,772`**
**`37,880`**
**`398,097`**
**`4,417`**
**`164,457`**
**`-`**
**`604,851`**
**`(23,186)`**
**`53,735`**
**`4,550,201`**
**`4,603,936`**|_`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`_
_`4,368,396`_|
|||||_`4,550,201`_|
```
The notes form part of these financial statements
```
```
Page 11
```
```
RYE, WINCHELSEA AND DISTRICT
MEMORIAL HOSPITAL LIMITED
```
## **`BALANCE SHEET`**
## **`31ST MARCH 2023`**
|`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`
`£`
`£`
**`5,089,430`**
**`-`**
**`465,188`**
**`-`**
**`1`**
**`-`**
**`5,554,619`**
**`-`**
**`41,008`**
**`-`**
**`285,960`**
**`840`**
**`326,968`**
**`840`**
**`(66,653)`**
**`-`**
**`260,315`**
**`840`**
**`5,814,934`**
**`840`**
**`(1,211,838)`**
**`-`**
**`4,603,096`**
**`840`**|**`2023`**
**`Total`**
**`funds`**
**`£`**
**`5,089,430`**
**`465,188`**
**`1`**
**`5,554,619`**
**`41,008`**
**`286,800`**
**`327,808`**
**`(66,653)`**
**`261,155`**
**`5,815,774`**
**`(1,211,838)`**
**`4,603,936`**
**`4,603,096`**
**`840`**
**`4,603,936`**|_`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`|
|---|---|---|---|
```
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct 2006
for the year ended 31st March 2023.
```
```
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
```
## **`BALANCE SHEET - continued 31ST MARCH 2023`**
```
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicableto charitable
companies subject to the small companies regime.
```
```
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
29th November 2023 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 2023`**
|||**`2023`**|_`2022`_|
|---|---|---|---|
||`Notes`|**`£`**|_`£`_|
|**`Cash flows from operating activities`**||||
|`Cash generated from operations`|`1`|**`180,557`**|_`199,410`_|
|`Net cash provided by operating activities`||**`180,557`**|_`199,410`_|
|**`Cash flows from investing activities`**||||
|`Purchase of tangible fixed assets`||**`(278,715)`**|_`(364,911)`_|
|`Purchase of fixed asset investments`||**`(37,688)`**|_`(25,003)`_|
|`Sale of tangible fixed assets`||**`1,542`**|_`-`_|
|`Sale of fixed asset investments`||**`31,699`**|_`309,150`_|
|`Interest received`||**`1,056`**|_`20`_|
|`Dividends received`||**`10,247`**|_`13,012`_|
|`Net cash used in investing activities`||**`(271,859)`**|_`(67,732)`_|
|||||
|**`Change in cash and cash`**||||
|**`equivalents in the reporting period`**||**`(91,302)`**|_`131,678`_|
|**`Cash and cash equivalents at the`**||||
|**`beginning of the reporting period`**||**`378,102`**|_`246,424`_|
|**`Cash and cash equivalents at the`**||||
|**`end of the reporting period`**||**`286,800`**|_`378,102`_|
```
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 2023`**
|**`1.`**|**`RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM`**|**`OPERATING ACTIVITIES`**|**`OPERATING ACTIVITIES`**|
|---|---|---|---|
|||**`2023`**|_`2022`_|
|||**`£`**|_`£`_|
||**`Net income for the reporting period (as per the Statement`**|||
||**`of Financial Activities)`**|**`53,735`**|_`181,805`_|
||**`Adjustments for:`**|||
||`Depreciation charges`|**`89,133`**|_`127,716`_|
||`Losses/(gain) on investments`|**`23,186`**|_`(34,539)`_|
||`Profit on disposal of fixed assets`|**`(1,542)`**|_`-`_|
||`Interest received`|**`(1,056)`**|_`(20)`_|
||`Dividends received`|**`(10,247)`**|_`(13,012)`_|
||`Decrease/(increase) in debtors`|**`27,350`**|_`(6,287)`_|
||`Decrease in creditors`|**`(2)`**|_`(56,253)`_|
||**`Net cash provided by operations`**|**`180,557`**|_`199,410`_|
## **`2. ANALYSIS OF CHANGES IN NET FUNDS`**
|**`Net cash`**
`Cash at bank and in hand`
**`Total`**|`At 1/4/22`
`£`
**`378,102`**
**`378,102`**
**`378,102`**|`Cash flow`
**`At 31/3/23`**
`£`
**`£`**
**`(91,302)`**
**`286,800`**
**`(91,302)`**
**`286,800`**
**`(91,302)`**
**`286,800`**|
|---|---|---|
```
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 2023`**
## **`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 2023`**
## **`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.
```
## **`Operating lease agreements`**
```
Rentalsapplicabletooperatingleaseswheresubstantiallyallofthebenefitsandrisksof ownership
remainwiththelessorarechargedagainstprofitsonastraightlinebasisovertheperiodof the
lease.
```
```
continued...
```
```
Page 17
```
```
RYE, WINCHELSEA AND DISTRICT
MEMORIAL HOSPITAL LIMITED
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023`**
## **`2. ACCOUNTING POLICIES - continued`**
## **`Pension costs and other post-retirement benefits`**
```
Thecharitablecompanyoperatesadefinedcontributionpensionscheme.Contributionspayable to
thecharitablecompany'spensionschemearechargedtotheStatementofFinancialActivities in
the period to which they relate.
```
## **`3. DONATIONS AND LEGACIES`**
|`Donations`
`Gift aid`
`Legacies`
`Other income`
**`4.`**
**`OTHER TRADING ACTIVITIES`**
`Fundraising events`
`Hub on the Hill Cafe`
**`5.`**
**`INVESTMENT INCOME`**
`Fixed asset investments`
`Deposit account interest`
`Taxation 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`
`Other rents receivable`
`Hub on the Hill`
`Licence fees`
`Hub on the Hill`|**`2023`**
**`£`**
**`18,702`**
**`892`**
**`101,460`**
**`20,526`**
**`141,580`**
**`2023`**
**`£`**
**`35,384`**
**`48,245`**
**`83,629`**
**`2023`**
**`£`**
**`10,247`**
**`769`**
**`287`**
**`11,303`**
**`2023`**
**`£`**
**`183,679`**
**`135,000`**
**`87,172`**
**`1,791`**
**`35`**
**`37,583`**
**`445,260`**|_`2022`_
_`£`_
_`19,762`_
_`2,487`_
_`251,000`_
_`7,674`_|_`2022`_
_`£`_
_`19,762`_
_`2,487`_
_`251,000`_
_`7,674`_|
|---|---|---|---|
|||_`280,923`_||
|||_`2022`_
_`£`_
_`23,366`_
_`27,528`_
_`50,894`_
_`2022`_
_`£`_
_`13,012`_
_`20`_
_`-`_
_`13,032`_
_`2022`_
_`£`_
_`203,921`_
_`135,000`_
_`81,101`_
_`1,166`_
_`-`_
_`16,961`_|_`2022`_
_`£`_
_`23,366`_
_`27,528`_|
||||_`50,894`_|
||||_`2022`_
_`£`_
_`13,012`_
_`20`_
_`-`_|
||||_`13,032`_|
|||_`438,149`_||
```
continued...
```
```
Page 18
```
```
RYE, WINCHELSEA AND DISTRICT
MEMORIAL HOSPITAL LIMITED
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023`**
## **`7. RAISING FUNDS`**
|**`Raising donations and legacies`**
`Other fundraising costs`
**`Other trading activities`**
`Purchases`
**`Investment management costs`**
`Portfolio management`
`Aggregate amounts`
**`8.`**
**`CHARITABLE ACTIVITIES COSTS`**
`Premises costs`
`Grants payable`
`Hub on the Hill`
**`9.`**
**`DIRECT COSTS OF CHARITABLE ACTIVITIES`**
`Staff costs`
`Other operating leases`
`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`
`Depreciation`
`Loss on sale of assets`|`Direct`
`Costs (see`
`note 9)`
`£`
**`334,393`**
**`4,417`**
**`153,481`**
**`492,291`**||
|---|---|---|
||||
```
continued...
```
```
Page 19
```
```
RYE, WINCHELSEA AND DISTRICT
MEMORIAL HOSPITAL LIMITED
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023`**
## **`10. SUPPORT COSTS`**
|**`SUPPORT COSTS`**|||||
|---|---|---|---|---|
||||`Governance`||
||`Management`||`costs`|`Totals`|
|||`£`|`£`|`£`|
|`Premises costs`|**`54,501`**||**`9,203`**|**`63,704`**|
|`Hub on the Hill`||**`2,645`**|**`8,331`**|**`10,976`**|
||**`57,146`**||**`17,534`**|**`74,680`**|
|`Support costs, included in the above, are as`|`follows:`||||
|**`Management`**|||||
||||**`2023`**|_`2022`_|
||`Premises`|`Hub on`|`Total`|`Total`|
||`costs`|`the Hill`|`activities`|`activities`|
||`£`|`£`|**`£`**|_`£`_|
|`Wages`|**`38,614`**|**`-`**|**`38,614`**|**_`44,122`_**|
|`Social security`|**`3,769`**|**`-`**|**`3,769`**|**_`3,859`_**|
|`Pensions`|**`809`**|**`-`**|**`809`**|**_`606`_**|
|`Repairs and maintenance`|**`-`**|**`-`**|**`-`**|**_`1,646`_**|
|`Office costs`|**`2,506`**|**`1,154`**|**`3,660`**|**_`2,882`_**|
|`Other expenses`|**`8,803`**|**`1,001`**|**`9,804`**|**_`11,549`_**|
|`Website costs`|**`-`**|**`490`**|**`490`**|**_`464`_**|
||**`54,501`**|**`2,645`**|**`57,146`**|**_`65,128`_**|
|**`Governance costs`**|||||
||||**`2023`**|_`2022`_|
||`Premises`|`Hub on`|`Total`|`Total`|
||`costs`|`the Hill`|`activities`|`activities`|
||`£`|`£`|**`£`**|_`£`_|
|`Auditors' remuneration`|**`7,973`**|**`3,586`**|**`11,559`**|**_`5,725`_**|
|`Auditors' remuneration for non audit`|||||
|`work`|**`-`**|**`-`**|**`-`**|**_`1,175`_**|
|`Bank charges`|**`580`**|**`877`**|**`1,457`**|**_`661`_**|
|`Legal fees`|**`650`**|**`3,868`**|**`4,518`**|**_`5,731`_**|
||**`9,203`**|**`8,331`**|**`17,534`**|**_`13,292`_**|
|**`NET INCOME/(EXPENDITURE)`**|||||
|`Net income/(expenditure) is stated after charging/(crediting):`|||||
||||**`2023`**|_`2022`_|
||||**`£`**|_`£`_|
|`Auditors' remuneration`|||**`11,559`**|_`5,725`_|
|`Auditors' remuneration for non audit work`|||**`-`**|_`1,175`_|
|`Depreciation - owned assets`|||**`89,133`**|_`127,717`_|
|`Other operating leases`|||**`1,700`**|_`-`_|
|`Surplus on disposal of fixed assets`|||**`(1,542)`**|_`-`_|
|`Accountancy recharged to tenants`|||**`-`**|_`5,125`_|
## **`11. NET INCOME/(EXPENDITURE)`**
```
continued...
```
```
Page 20
```
```
RYE, WINCHELSEA AND DISTRICT
MEMORIAL HOSPITAL LIMITED
```
```
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023
```
## **`12. TRUSTEES' REMUNERATION AND BENEFITS`**
```
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31stMarch2023nor for
the year ended 31st March 2022.
```
## **`Trustees' expenses`**
```
Therewerenotrustees'expensespaidfortheyearended31stMarch2023norfortheyear ended
31st March 2022.
```
## **`13. STAFF COSTS`**
|**`2023`**
**`£`**
`Wages and salaries`
**`182,649`**
`Social security costs`
**`14,998`**
`Other pension costs`
**`4,044`**
**`201,691`**
`The average monthly number of employees during the year was as follows:`
**`2023`**
`Operation of the charity`
**`4`**
`Operation of Hub`
**`5`**
**`9`**|_`2022`_
_`£`_
_`172,474`_
_`13,131`_
_`3,239`_|_`2022`_
_`£`_
_`172,474`_
_`13,131`_
_`3,239`_|
|---|---|---|
||_`188,844`_||
|||_`2022`_
_`4`_
_`5`_
_`9`_|
```
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`**
**`EXPENDITURE ON`**
`Raising funds`
**`Charitable activities`**
`Premises costs`
`Grants payable`
`Hub on the Hill`
`Other`
**`Total`**|`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`|`Restricted`
`funds`
`£`
`10,972`
`-`
`-`
`-`
`-`
`10,972`
`-`
`1,379`
`-`
`-`
`-`
`1,379`|`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`|
```
continued...
```
```
Page 21
```
```
RYE, WINCHELSEA AND DISTRICT
MEMORIAL HOSPITAL LIMITED
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023`**
|**`14.`**
**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
`Unrestricted`
`funds`
`£`
`Net gains on investments`
`34,539`
**`NET INCOME`**
`172,212`
**`Transfers between funds`**
`15,593`
**`Net movement in funds`**
`187,805`
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
`4,360,775`
**`TOTAL FUNDS CARRIED FORWARD`**
`4,548,580`
**`15.`**
**`TANGIBLE FIXED ASSETS`**
`Assets in`
`the`
`Freehold`
`course of`
`property`
`construction`
`£`
`£`
**`COST`**
`At 1st April 2022`
**`5,830,367`**
**`128,159`**
`Additions`
**`-`**
**`246,341`**
`At 31st March 2023`
**`5,830,367`**
**`374,500`**
**`DEPRECIATION`**
`At 1st April 2022`
**`1,160,334`**
**`-`**
`Charge for year`
**`70,515`**
**`-`**
`At 31st March 2023`
**`1,230,849`**
**`-`**
**`NET BOOK VALUE`**
`At 31st March 2023`
**`4,599,518`**
**`374,500`**
`At 31st March 2022`
_`4,670,033`_
_`128,159`_|**`14.`**
**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
`Unrestricted`
`funds`
`£`
`Net gains on investments`
`34,539`
**`NET INCOME`**
`172,212`
**`Transfers between funds`**
`15,593`
**`Net movement in funds`**
`187,805`
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
`4,360,775`
**`TOTAL FUNDS CARRIED FORWARD`**
`4,548,580`
**`15.`**
**`TANGIBLE FIXED ASSETS`**
`Assets in`
`the`
`Freehold`
`course of`
`property`
`construction`
`£`
`£`
**`COST`**
`At 1st April 2022`
**`5,830,367`**
**`128,159`**
`Additions`
**`-`**
**`246,341`**
`At 31st March 2023`
**`5,830,367`**
**`374,500`**
**`DEPRECIATION`**
`At 1st April 2022`
**`1,160,334`**
**`-`**
`Charge for year`
**`70,515`**
**`-`**
`At 31st March 2023`
**`1,230,849`**
**`-`**
**`NET BOOK VALUE`**
`At 31st March 2023`
**`4,599,518`**
**`374,500`**
`At 31st March 2022`
_`4,670,033`_
_`128,159`_|**`- continued`**
`Restricted`
`Total`
`funds`
`funds`
`£`
`£`
`-`
`34,539`
`9,593`
`181,805`
`(15,593)`
`-`
`(6,000)`
`181,805`
`7,621`
`4,368,396`
`1,621`
`4,550,201`
`Fixtures`
`and`
`fittings`
`Totals`
`£`
`£`
**`290,328`**
**`6,248,854`**
**`32,374`**
**`278,715`**
**`322,702`**
**`6,527,569`**
**`188,672`**
**`1,349,006`**
**`18,618`**
**`89,133`**
**`207,290`**
**`1,438,139`**
**`115,412`**
**`5,089,430`**
_`101,656`_
_`4,899,848`_|`Total`
`funds`
`£`
`34,539`|
|---|---|---|---|
||||`181,805`
`-`|
||||`181,805`
`4,368,396`|
||||`4,550,201`|
|||||
|||||
|||||
|||||
|||||
```
Includedincostorvaluationoflandandbuildingsisfreeholdlandof£273,266(2022- £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 2023`**
## **`16. FIXED ASSET INVESTMENTS`**
|`Cash held`
`Listed`
`for`
`investments`
`investments`
`£`
`£`
**`MARKET VALUE`**
`At 1st April 2022`
**`474,238`**
**`8,147`**
`Additions`
**`23,298`**
**`14,390`**
`Disposals`
**`(34,451)`**
**`-`**
`Revaluations`
**`(20,434)`**
**`-`**
`At 31st March 2023`
**`442,651`**
**`22,537`**
**`NET BOOK VALUE`**
`At 31st March 2023`
**`442,651`**
**`22,537`**
`At 31st March 2022`
_`474,238`_
_`8,147`_
`There were no investment assets outside the UK.`
`Cost or valuation at 31st March 2023 is represented by:`|`Totals`
`£`
**`482,385`**
**`37,688`**
**`(34,451)`**
**`(20,434)`**
**`465,188`**
**`465,188`**
_`482,385`_|
|---|---|
|`Cost`
**`17.`**
**`INVESTMENT PROPERTY`**
**`FAIR VALUE`**
`At 1st April 2022`
`and 31st March 2023`
**`AMORTISATION`**
`At 1st April 2022`
`and 31st March 2023`
**`NET BOOK VALUE`**
`At 31st March 2023`
`At 31st March 2022`|**`Listed`**
**`investments `**
**`£`**
**`442,651`**|**`Cash held`**
**`for`**
**`investments`**
**`£`**
**`22,537`**|**`Totals`**
**`£`**
**`465,188`**|
|---|---|---|---|
||||**`£`**
**`492,744`**|
||||**`492,743`**|
||||**`1`**|
||||_`1`_|
```
Included in investment property is freehold land valued at £1 (2022 - £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 2023`**
## **`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`|**`2023`**
**`£`**
**`29,884`**
**`8,535`**
**`2,589`**
**`41,008`**
**`2023`**
**`£`**
**`2,069`**
**`54,264`**
**`10,320`**
**`66,653`**|_`2022`_
_`£`_
_`48,343`_
_`16,702`_
_`3,313`_|
|---|---|---|
|||_`68,358`_|
|||_`2022`_
_`£`_
_`2,647`_
_`43,368`_
_`10,320`_|
|||_`56,335`_|
## **`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`**
||**`2023`**|_`2022`_|
|---|---|---|
||**`£`**|_`£`_|
|`Deferred income`|**`1,211,838`**|_`1,222,158`_|
## **`21. LEASING AGREEMENTS`**
```
Minimum lease payments under non-cancellable operating leases fall due as follows:
```
||**`2023`**|_`2022`_|
|---|---|---|
||**`£`**|_`£`_|
|`Within one year`|**`19,120`**|_`1,464`_|
```
Lease payments recognised as an expense in the year were £3,200 (2022: £1,500)
```
```
continued...
```
```
Page 24
```
```
RYE, WINCHELSEA AND DISTRICT
MEMORIAL HOSPITAL LIMITED
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023`**
## **`22. MOVEMENT IN FUNDS`**
|`Net`
`movement`
`At 1/4/22`
`in funds`
`£`
`£`
**`Unrestricted funds`**
`General fund`
**`(351,269)`**
**`142,107`**
`Fixed assets`
**`4,899,849`**
**`(87,591)`**
**`4,548,580`**
**`54,516`**
**`Restricted funds`**
`Nurses fund`
**`1,560`**
**`(781)`**
`District nurses fund`
**`61`**
**`-`**
**`1,621`**
**`(781)`**
**`TOTAL FUNDS`**
**`4,550,201`**
**`53,735`**
`Net movement in funds, included in the above are as follows:`
`Incoming`
`Resources`
`resources`
`expended`
`£`
`£`
**`Unrestricted funds`**
`General fund`
**`681,271`**
**`(515,978)`**
`Fixed assets`
**`-`**
**`(87,591)`**
**`681,271`**
**`(603,569)`**
**`Restricted funds`**
`Nurses fund`
**`501`**
**`(1,282)`**
**`TOTAL FUNDS`**
**`681,772`**
**`(604,851)`**
**`Comparatives for movement in funds`**|`Transfers`
`between`
`funds`
`£`
**`(277,173)`**
**`277,173`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
`Gains and`
`losses`
`£`
**`(23,186)`**
**`-`**
**`(23,186)`**
**`-`**
**`(23,186)`**|`At`
`31/3/23`
`£`
**`(486,335)`**
**`5,089,431`**
**`4,603,096`**
**`779`**
**`61`**
**`840`**
**`4,603,936`**
`Movement`
`in funds`
`£`
**`142,107`**
**`(87,591)`**
**`54,516`**
**`(781)`**
**`53,735`**|
|---|---|---|
||||
|**`Unrestricted funds`**
`General fund`
`Fixed assets`
**`Restricted funds`**
`Nurses fund`
`District nurses fund`
`Equipment fund`
**`TOTAL FUNDS`**|`At 1/4/21`
`£`
`(301,879)`
`4,662,654`
`4,360,775`
`2,560`
`61`
`5,000`
`7,621`
`4,368,396`|`Net`
`movement`
`in funds`
`£`
`299,929`
`(127,717)`
`172,212`
`(1,000)`
`-`
`10,593`
`9,593`
`181,805`|`Transfers`
`between`
`funds`
`£`
`(349,319)`
`364,912`
`15,593`
`-`
`-`
`(15,593)`
`(15,593)`
`-`|`At`
`31/3/22`
`£`
`(351,269)`
`4,899,849`
`4,548,580`
`1,560`
`61`
`-`
`1,621`
`4,550,201`|
|---|---|---|---|---|
```
continued...
```
```
Page 25
```
```
RYE, WINCHELSEA AND DISTRICT
MEMORIAL HOSPITAL LIMITED
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023`**
## **`22. MOVEMENT IN FUNDS - continued`**
```
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`
`£`
`772,027`
`(1)`
`772,026`
`379`
`10,593`
`10,972`
`782,998`|`Resources`
`expended`
`£`
`(506,637)`
`(127,716)`
`(634,353)`
`(1,379)`
`-`
`(1,379)`
`(635,732)`|`Gains and`
`losses`
`£`
`34,539`
`-`
`34,539`
`-`
`-`
`-`
`34,539`|`Movement`
`in funds`
`£`
`299,929`
`(127,717)`
`172,212`
`(1,000)`
`10,593`
`9,593`
`181,805`|
|---|---|---|---|---|
```
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`
**`TOTAL FUNDS`**|`At 1/4/21`
`£`
`(301,879)`
`4,662,654`
`4,360,775`
`2,560`
`61`
`5,000`
`7,621`
`4,368,396`|`Net`
`movement`
`in funds`
`£`
`442,036`
`(215,308)`
`226,728`
`(1,781)`
`-`
`10,593`
`8,812`
`235,540`|`Transfers`
`between`
`funds`
`£`
`(626,492)`
`642,085`
`15,593`
`-`
`-`
`(15,593)`
`(15,593)`
`-`|`At`
`31/3/23`
`£`
`(486,335)`
`5,089,431`
`4,603,096`
`779`
`61`
`-`
`840`
`4,603,936`|
|---|---|---|---|---|
```
continued...
```
```
Page 26
```
```
RYE, WINCHELSEA AND DISTRICT
MEMORIAL HOSPITAL LIMITED
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023`**
## **`22. MOVEMENT IN FUNDS - continued`**
```
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,included in
the above are as follows:
```
|`Incoming`
`Resources`
`resources`
`expended`
`£`
`£`
**`Unrestricted funds`**
`General fund`
`1,453,298`
`(1,022,615)`
`Fixed assets`
`(1)`
`(215,307)`
`1,453,297`
`(1,237,922)`
**`Restricted funds`**
`Nurses fund`
`880`
`(2,661)`
`Equipment fund`
`10,593`
`-`
`11,473`
`(2,661)`
**`TOTAL FUNDS`**
`1,464,770`
`(1,240,583)`|`Gains and`
`losses`
`£`
`11,353`
`-`
`11,353`
`-`
`-`
`-`
`11,353`|`Movement`
`in funds`
`£`
`442,036`
`(215,308)`
`226,728`
`(1,781)`
`10,593`
`8,812`
`235,540`|
|---|---|---|
```
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.
```
## **`23. CAPITAL COMMITMENTS`**
```
At the year end the board had committed to the carbon reduction phase 2 totalling £80,043.
```
## **`24. RELATED PARTY DISCLOSURES`**
```
MrBNealon,atrustee,isthechairmanofRye&DistrictCommunityTransport,acharitythat Rye,
Winchelsea And District Memorial Hospital donated £10,000 (2022: £10,000) to in the year.
```
```
Totaldonationsreceivedfromtrusteesintheyearwithoutconditionswas£240(2022: £240).
Total donations received with conditions was £nil (2022 - nil).
```
## **`25. ULTIMATE CONTROLLING PARTY`**
```
The charity is controlled by the board of trustees.
```
```
Page 27
```