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 2025 FOR RYE, WINCHELSEA AND DISTRICT MEMORIAL HOSPITAL LIMITED GMP Audlt Limited, Statutory Audltor 82 High Street Tenterden Kent TN30 6JG
RYE, WINCH ELSEA AND DISTRICT MEMORIAL HOSPITAL LIMITED CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 Page Report of the Trusteeg I to 7 R•port of the Independent Audltors 8 to 10 Statement of Flnancial Actlvltles li Balanc? Sheet 12 to 13 Cash Flow Statement 14 Notes to the Co9h Flow Staternent 15 Notes to the Flnanclal Statements 16 to 28
RYE, WINCHELSEA AND DISTRICT MEMORIAL HOSPITAL LIMITED (REGISTERED NUMBER: 02740665) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025 The trustees who are also directors of the charlty for the purposes of the Companles Act 2006, present their report with the flnancial statements of the charlty for the year ended 31st March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charlties: Statement of Recommended Practice applicable to charities preparing thelr accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective I January 2019). OBJECTIVES AND ACTIVITIES Objectives and significant activitles The objects of Rye, Winchelsea & District Memorial Hospltal Limited {the Charlty) are the relief, care and assistance of people, irrespective of race, creed or colour, who suffer from any form of mental or physlcal slckness or disability or Infirmity due to old age or who are convalescent, and to promote the preservation and protection of health for the public beneffit. Actlvlties are predomlnantly conflned to the 10 acre slte known as the Memorial Care Centre (the Centre). Wlthln the bounds of the site are five main components: The Medlcal Cenlre which was developed by Communlty Care Investment let on a 125 year lease from 6 October 2006 and then sub-let as a GP surgery for a panel of 7,500 patlents, St Bartholomew's Court, a 55 unlt residential complex, orlglnally let as 30 units to Shaftesbury Housing Associatlon on a 125 year lease from l January 1994. Designed as an extra care faclllty, over time it lapsed Into pure social hou51ng. The lease was assigned to Sanctuary Housing Assoclatlon and through a collaborative dlalogue a major new development has been completed by Ihem which added 25 new single bed units and completely gutted and refurblshed the existing 30 units. 40 of the unlts are let under a community rental scheme and 15 unlts have been sold as shared equity. All future occuplers will have an extra care need of up to 20 hours a week under the revlsed terms of the ground lease from the CharSty, The Hospital Building. Two thirds of the bulldlng was leased to the Primary Care Trust (PCT) for 10 years expiring on 30 May 2020. The lease was assigned to the East Sussex Healthcare Trust (ESHT) on l April 2013 as the NHS service provlder, upon the demlse of the PCT. A Deed of Variation has been executed with the Charlty lo extend the lease to 30 May 2030 with a mutual optlon to terminate in 2025. Through a number of negotiated changes Since then, ESHT now occupy the whole of the ground floor with offices on the first floor and now pay a service charge of 870/0. In addition the Mulual Option to termlnate the lease has been removed and ESHT have a fixed term to 2030, all of this being embodled In a revised lease which will be shortly executed. The rent payable for Lhe balance of the term Is fixed at £150k per annum. The Hub on Rye Hlll. The Charlty acquired this site adjacent to the hospltal in 2016 and obtalned Planning Consent to build a 5,500 square foot Community Wellbeing Centre (The Hub). Work to build the site wa5 competltively tendered and won by Jenner at a contract price of just under £2m. Construction wa5 completed in August 2020 but Impacted by the COVID restrictions. The Hub is dellvering services In line wlth our charitable objectives, and more services a being developed after a community needs analysis was carrled out in 2024. The Hub also has a very popular coffee shop whlch makes it an important community meeting place. Pa9e I
RYE, WINCHELSEA AND DISTRICT MEMORIAL HOSPITAL LIMITED (REGISTERED NUMBER: 02740665) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 315T MARCH 2025 Objectives and significant activities (continued) The Care Home Site. The Charity has completed the purchase of a 1,5-acre plece of agricultural land adj'oining the surgery at the rear of the Centre, with its own acce5S to Rye Hlll for the purpose of developing a Care Home. Alter competitive review Greensleeves was chosen as the preferred developer and operator of the proposed Care Home subject to a £1.06m prepayment for the long leasehold interest, Planning permisslon was obtained for the development of a 60 bed Care Home. The Charity has delivered the utilitie5 to the sile, as part of it5 commitment, to enable the development of the project. High inflation and the impact of COVID on the care industry delayed the start of development, but steps are underway to Improve the chances of it commenclng In the near future. An important feature of the Ground Lease granted to Greensleeves is their commitment that 2590 of the bed5 will be community subsidised for the benefit of local residents rather than full open market. The NHS has had difficulty in recruitlng overseas staff to the hospltal because of problems in finding affordable living accommodation in Rye. The Charily has leased 3 Forge Mews, capable of housing three nurses, thereby alleviating the staffln9 pressure. When plannlng Its attlvlties the Charlty keeps In mlnd the Charity Commlsslon's guSdance on public benefit and aims to develop and deliver servlces to meet the objectives as set out In the Memorandum and ArtScles of A550ciatlon. The Friends of the Hospital at Rye Prior to the development of the current hospital, It was voluntarlly supported by The Frlends of the Rye Winchelsea and Distrlct Memorlal Hospital, ralslng fund5 and providing voluntary assistance as a reglstered charity. When the large scale development of Lhe slte took place between 1992 and 1994 a separate charity, then called Rye Health and Care Ltd (preceding title of thls Charity) was formed as a company Ilmlted by guarantee to assume the development rlsk. The two charltles had been mutually supportive ever slnce but In 2013 they agreed that the tlme was approprlate to merge, Now named The Frlends of the H05Pltal at Rye (the Friends), It Is a Committee of this Charity assumlng responslbillty for lialson wlth the staff and fundralslng to allevlate the identified needs of the hospltal. A rolling programme of fundra15ing actlvltles and events Is conducted by the Friends wlthln the local communlty. Events are generated ellher from the Charlty's offlces or organised by external volunteers. In addition, the Charity Seeks income from regular donatlons enhanced by the Gilt Aid Scheme and appropriate management of its investment a55ets. Volunteers The positions of Chairman of the Frlends and the Chalrman of the Fund Raising Sub Commlttee are unsalaried positions, The Company Secretary and Senior Administrative Offlcer has been a full time p05t since May 2020, with 200/0 of her time dedlcated to hospital activities and 80010 to Charlty activities. All fundraising activities are planned and co-ordinated by and through the aforementioned post, wlth asslstance appropriate to each activity being provlded solely by unpaid volunteers. ACHIEVEMENTS AND PERFORMANCE Charltable activities The Charity continued during the period under review in Its principal activlty as freeholder of the Memorlal Care Cenlre. The net surplus for the year, after net gains on investments of £2,009 (2024: £24,685) wa5 £2,136,338 (2024.. Loss £49,608) after allowing for the depreclatlon and impairment of the Charity's real property and fittings and fixture5 in a sum of £158,309 {2024: £153,904).The galn wa5 due to the receSpt of Significant legacy Income. Page 2
RYE, WINCHELSEA AND DISTRICT MEMORIAL HOSPITAL LIMITED (REGISTERED NUMBER: 02740665) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025 Charitable activities {continued} The Charity owes a duty to the people of Rye, Winchelsea and the surrounding villages to secure the provision of community hospltal services at the Centre. Hitherto these services have been provided in partnership with our local PCT and more recently from ESHT but on terms which require a substantial contribution from the Charity. For example, each year the Charity expends significant funds to carry out improvements for the benefit of the patients. Government policy is expressed to be supportive of community hospltals, but the reality is that the current economic financlal position of many Healthcare Trusts has meant that community hospitals have had their beds closed to achieve economies. The Charity's strategy Is to develop a strong working bond with ESHT while retaining significant liquid free reserves to enable it to respond in the unlikely event that they decide to reduce or, even, withdraw their support. With the completion of the lease extenslon to ESHT. the Trustees look the view that some of its reserves held against this rlsk could be released to assist In funding capital projerts. FINANCIAL REVIEW Investment policy and objectives The Board's pollcy is to invest in the estate and facilities to provide the resources necessary to meet our objective5. Withln that, we aim to ensure our work Is protected In the longer term from the r15k of disruption due to lack of funds from regular Income. Once short term fundlng requlrements are met, our MainIng financSal resources are Invested with long term horizon In mind and with the objectlve of achieving a moderate total return In excess of the rate of inflation. This aim of preserving the real value of capltal Is done with close regard to what we conslder lo be an approprlate risk profile and suitable ethical standards (such as prohibiting Investment in companles producing tobacco products). In early 2024 the Board transferred its Invested portfolio to the CCLA Charilies Investment Fund. Investlng on behalf of a large number of charltles, the Fund ha5 an emphasis on equltles, but also Include5 property, bonds and other asset classes. During the course of thls flnancial year the Charlty became aware that It would be the fortunate reclplent of some 5ignlflcant legacies, By the end of the year £175,000 of the sum expected had been received, and £150,000 of thls had been invested in the CCLA Deposit Fund. Al the end of March 2025 the Investment in the Charlties Investment Fund and the Deposit Fund amounted to £643,421. Page 3
RYE, WINCHELSEA AND DISTRICT MEMORIAL HOSPITAL LIMITED {REGISTERED NUMBER: 02740665) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 315T MARCH 2025 FINANCIAL REVIEW Reserves policy Our reserve5 policy, which is reviewed annually, identifies an appropriate range for free reserves (deflned as unrestricted funds excluding fixed assets) of between £0.5m and £1.2m. The range allows for risks related to an unforeseen drop in income, working capital requirements, and commitments and long term plans. The objective Is to ensure that we have sufficlent resources to weather the various operatlng and strategic risks we face, but also to allow for the future development of our buildings and facilities, and enhancement of the services we offer. At the end of the reporting period, the Charity had unrestricted general reserves of £4,889,826 (2024.. £4,553,488), of which £4,952,173 (2024: £5,062,968) relate5 to fixed assets which would have to be disposed of in order to realise the full fund amount. The amount of free reserves which exclude the buildlng fund is a deficit of £62,347 (2024: £509,480). However, the Trustees consider it a true and fair view to utilise the liquld reserves as belng free serveS of the charity. Thls is on the basls that there 15 a large deferred income balance being released to the Statement of Flnancial Actlvlties over the term of a lease, but whlch remalns ultimately the Income of the charity and Is slmply a tlmlng difference. The Ilquid free reserves of the charlty are £860,687, whlch Is In Ilne with the reserve5 pollcy.The free reserves include a value of £175,000 which Is designated for use by The Friends of RWDMM Ltd. Restricted fund5 amounted to £1,800,840, the result of a legacy with a speclflc condltion. FUTURE PLANS Comrnunlty Outreach The Charlty has almost completed its development plans for the Memorlal Care Centre and 15 turnlng its attentlon to expanding its healthcare outreach into the community. Public Health servlces provided by Rother District Council and East Sussex County Councll have been greatly restricted due to budget constralnts and the impact In the community has been slgnlfi'cant. Charlotte Kneer Jolned the Charlty as CEO at the beglnnlng of thls financlal year, She has spent much of her first year galnlng a greater understandlng of the needs of the communlty and assessing how the Charity can use its energy and resources most effectively. Early steps have included the launch of a cancer café and dementia cafe to 5UPPOrt those experiencing or caring for someone wittt cancer or dementia. In the first few months of this year a slgniflcanl new initiative ha5 been a collaboration with Eggtooth, a charity who deliver art psycholherapy to young people experiencing mental ill health and/or who are neurodiverse. A more recent slep has been worklng In collaboration wlth East Surrey Healthcare Trust and the Rother Primary Care Network to establish a frallty service. In the next flnancial year the charity will work with many more providers to make health care Services more accessible for the local community. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document Rye, Winchelsea & Distrlct Memorlal Hospital Llmited is a company limited by guarantee. The company is governed by its Memorandum and Articles of Association, which set out the objects and powers of the company and its dlrectors. It also provides for the appointment of new directors. Recruitment, appolntment and tralDlng of new trustees Trustees are recruited and appointed from members of the local communlty who wSsh to assist the Charity. Care is taken to ensure that an appropriate range of skills Is represented. New trustee5 undergo a short induction programme and are given full formal Induction Pack by the Chair. Training 15 made available dependent of the needs of the trustee. Page 4
RYE, WINCHELSEA AND DISTRICT MEMORIAL HOSPITAL LIMITED (REGISTERED NUMBER: 02740665) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure The Board meets qLJarterly. In addition, it fulfills Its responsibilities through a number of committees whose members are drawn from the Board and from appropriate community volunteers with relevant skills. In the case of Fundralsing, participation 15 drawn from the Charity's excellent network of supporters. The committees meet as often as necessary. During the year these committees comprised,. Finance & Governance, Propertyi and Friends & Fundraising, with additional worklng groups focused on Hub Strategy and Integrated Care. The day to day administration of the Charity is delegated to the Company Secretary and Senior Administrative Officer, Mrs Francesca Clent. Wider network Other than membershlp of the Communlty Hospita15 Assoclatlon, the charity is not a member of wider network. Rlsk management The trustees constantly monitor any risks to which the CharSty may be exposed and are confident that procedures have been established to manage Lhese risks. A formal Risk Register has been adopted and is reviewed at each Board Meeting Fundralsing approach and standards The Charity raises funds to support the hospiial through a voluntary Fundraising Committee of the Friends, supported by the Company Secretary and Charity Offlce Manager The scale of these actlvltles are modest wlth approxlmately ten to twelve events a year with a target budget of £15k. The Charity observes the requlrements of the Charities Act 2011 wlth regard to sollcltatlon. Marketing Is done by use of the website, social medlai prlnted fllers and word of mouth to its regular supporters. The Charlty also takes care to observe the requlrements of the Data Protection legislation. REFERENCE AND ADMINISTRATIVE DETAILS Reg15tered Company number 02740665 (England and Wales) Reglstered Charity number 1014232 Reglstered office The Memorial Care Centre Peasmarsh Road Rye Foreign, Rye East Sussex TN317UD Page 5
RYE, WINCHELSEA AND DISTRICT MEMORIAL HOSPITAL LIMITED (REGISTERED NUMBER: 02740665) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025 Trustees B M Nealon Chair (retlred 3 December 2024) R J Blsson - Chair (elected 3 December 2024) J S Dudfield Vice Chair Dr M K KondagarS (GP) Dr R A McNeilly (retired GP) I Potter J J Posnette B P Baker (resigned 3 December 2024) R Clarke M H Phillips PRDale N J Mcclure {re5igned 6 February 2025) SLWebb Honorary appolntments Patron Slr Paul Mccartney President A Phllllps Vice President J M Stevenson Honorary member A M Oliphant Company Secretary F J Clent Auditors GMP Audlt Llmited, Statutory Auditor 82 High Street Tenterden Kent TN30 6JG Solicltors Whitehead Monckton 3-4 Market Square Tenterden Kent TN30 68N Bankers HSBC 4 Robertson Street Hastings East Sussex TN34 IHW STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustee5 (who are also the dSrectors of Rye, Winche15ea and Distritt Memorial Hospltal Limited for the purposes of company lawl are responsible for preparlng the Report of the Trustees and the rinanclal statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practlce). Page 6
RYE, WINCHELSEA AND DISTRICT MEMORIAL HOSPITAL LIMITED (REGISTERED NUMBER: 02740665) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025 STATEMENT OF TRUSTEES. RESPONSIBILITIES - contlnued Company law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financlal statements in accordance with United Kingdom Generally Accepted Accounting Practice (Unlted Kingdom Accounling Standards and applicable law). Under company law the trustees must not approve the financial statements unless they are satlsfied that they glve a true and fair view of the state of affalrs of Ihe charitable company and of the incoming resources and applicatlon of resources, including the income and expenditure, of the charitable company for that period, In preparing those financial statements, the trustees are required to select suitable accountlng policies and then apply them conslstently; observe Lhe methods and principles in the Charitles SORP. make judgements and estimates that are reasonable and prudent; prepare the flnanclal statements on the golng concern basis unless It Is Inapproprlate to presume that the charitable company wlll continue in business. The trustees are responsible for keeplng proper accountlng records whlch dlsclose with reasonable accuracy at any time the flnanclal position of the charitable company and to enable them to ensure that Lhe financial statements comply with the Companies Act 2006. They are also responslble for safeguardlng the assets of the charltable company and hence for taking reasonable steps for the preventlon and detection of fraud and other irregularltles. In so far as the trustees are aware: there Is no relevant audit informatlon 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 audlt information and to establish that the audltors are aware of that Information. Thls report has been prepared in accordance wlth the speclal provisions of Part 15 of the Companies Act 2006 relatlng to small companies. Approved by order of the board of trustees on 18th December 2025 and signed on its behalf by.. R J Blsson - Trustee Page 7
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF RYE, WINCHELSEA AND DISTRICT MEMORIAL HOSPITAL LIMITED Oplnion We have audited the financial statements of Rye, Wlnchelsea and District Memorial Hospital Limited (the 'charitable company,) for the year ended 31st March 2025 which comprlse the Statement of Financial Actlvities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of slgnificant accounting policies. The financlal reporting framework that has been applled in their preparation is applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: give a true and fair view of the state of the charltable company's affalrs as at 31st March 2025 and of Its incoming resources and appllcation of resources, including it5 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 wlth the requlrements of the Companies Act 2006. Bag1$ for oplnlon We conducted our audlt In accordance wlth International Standards on Auditing (UK) (ISAS (UK)) and appllcable law. Our re5ponsibllltles under those standards are further described In the Auditors, responsibilitie5 for the audit of the flnancial statements Section of our report. We are independent of the charltable company in accordance with the ethical requirements that are relevant Lo our audll of the financial statements In the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance wlth these requirements. We believe that the audit evidence we have obtalned Is surricient and appmprlate to provlde a basls for our opinion. Conclusions relating to golng concern In audltlng the financlal statements, we have concluded that the trustees, use of the golng concern basis of accounting in the preparation of the flnancial statements Is appropriate, Based on the work we have performed, we have nol Identified any material uncertainties relating to events or conditlon5 that, individually or collectivelyi may cast slgnificant doubt on the charitable company's ability to continue as a golng concern for a period of at least twelve months from when the rinancial statements are authorised for issue, Our responsibilities and the responsiblllties of the trustees wlth respect to gong concern are described In the relevant sectlons of thls report, other information The trustees are responsible for the other information. The other Information comprises the information Included in the Annual Report, other than the financial statements and our Report of the Independent Audltors thereon. Our oplnlon on the financial statements does not cover the other informatlon and, except to the extent otherwise expllcltly stated In our report, we do not express any form of assurance conclusion thereon, In connectlon wlth our audit of the flnanclal statements, our responsibility Is to read the other Information and, in doing so, consider whether the other information Is materially inconsistent with the financial statements or our knowledge obtained In the audit or otherwise appear5 to be materially misstated. If we identify such material incons1Stencies or apparent material mlsstatements, we are required to determine whether this gives rise to a material mi55tatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misslatement of this other information, we are required to report that fact. We have nothing to report in this regard. Page 8
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF RYE, WINCHELSEA AND DISTRICT MEMORIAL HOSPITAL LIMITED Matters on which we are required to report by exception We have nothing to report in respett of the following matters where the Charities (Accounts and 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 rinancial statements,. or the charitable company has not kept adequate accounting records. or the financlal 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. Responsibllities of trustees As explained more fully in the Statement of Trustees, Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responslble for the preparatlon of the financial statements and for being satisfled that they give a true and fair vlew, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material mlssLatement, wheLher due to fraud or error. In preparing the financial statements, the trustees are spOnsible for assessing the charitable company'5 ablllty to continue as a going concern, disclosing, as appllcable, matters related to going concern and using the going concern ba515 of accounting unless the trustees elther intend to Ilquidate the charltable company or to cease operatlons, or have no realistic alternative but to do so. Our responsibilities for the audit of the flnanclal statements We have been appoinled as auditors under Section 144 of the Charltles Act 2011 and report In accordance with Lhe Act and relevant regulations made or having effect thereunder. Our obJecLives are to obtain reasonable assurance about whether the financlal sialements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that Includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) wlll always detecl a material mlsstatement when it exists. Misstatements can arise from fraud or error and are considered material If, indivitdually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of Ihese financial statements. The extent to which our procedure5 are capable of delecting irregularlties, including fraud is detailed below.. Discussion5 Wlth the trustees whlch included consideration of known or suspected Instances of non-compllance with laws and regulatlons and fraud. Reviewing, evaluatin9 and testing systems and controls to assess thelr eectiveness to prevent and detect irregularitles. Identifyingi reviewing and testlng of journal entries, Challenging assumptions and J'udgements made by the trustees in respect of slgnlflcant accounting estimates. Reviewlng minutes of Trustee Meetlngs for known or suspected Instances of non-compliance wlth laws and regulatlons and fraud. There are Inherent limitations in the audlt procedures described above and the further MOVed non-compliance with laws and regulations 15 from the events and transactions reflected in the financlal statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resultlng from error, as fraud may involve deliberate concealment by, for example, forgery or Intentional misrepresentatlons, or through collu5i0n. A further description of our responsibilities for the audit of the financial statements Is located on the Financial Reporting Councll's website at www,frc.org.uk/auditorsresponsibilitie5. This description fomis part of our Report of the Independent Auditors. Page 9
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF RYE, WINCHEL5EA AND DISTRICT MEMORIAL HOSPITAL LIMITED Use of our report Thls report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charltles (Account5 and Reports) Regulations 2008. Our audlt work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responslbility to anyone other than the charitable company and the charitable 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 Audlt Limited, Statutory Audltor Ellgible to act as an audltor in terms of Section 1212 of the Companles Act 2006 82 High Street Tenterden Kent TN30 6JG 19th December 2025 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 2025 2025 Total funds 2024 Total funds Unrestricted Restrltted funds funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 525,468 1,800,000 2,325.468 60,036 Charitable actlvities Premises costs Hub on the Hill 514,344 47.924 514,344 47,924 488,729 36,600 Other trading activities Investment income 97,348 2,563 97.348 2.563 81,597 11,633 Total 1,187,647 1,800,000 2,987,647 678,595 EXPENDITURE ON Raising funds 37,379 37,379 43,245 Charltable activlties Premises costs Grants payable Hub on the Hill Wellbeing actlvltles 645,992 5,300 164,647 645,992 5,300 164,647 515,192 5,742 163,709 25,000 Total 853,318 853,318 752,888 Net gains on Investments 2,009 2,009 24,685 NET INCOMEI(EXPENDITURE) 336,338 1,800,000 2,136,338 (49,608) RECONCILIATION OF FUNDS Total funds brought forward 4,553,488 840 4,554,328 4,603,936 TOTAL FUNDS CARRIED FORWARD 4,889,826 1,800.840 6,690.666 4,554,328 The notes form part of these financial statements Page 11
RYE, WINCHELSEA AND DISTRICT MEMORIAL HOSPITAL LIMITED (REGISTERED NUMBER: 02740665) BALANCE SHEET 31ST MARCH 2025 2025 Total funds 2024 Total funds Unrestricted funds Restricted funds Notes FIXED ASSETS Tangible a55ets Investments Investments Investment property 15 4,952,173 4,952,173 5,062,968 16 17 643,421 643,421 494,759 5,595,S95 5,595,595 5,557,728 CURRENT ASSETS Debtors Cash at bank and In hand 18 348,630 1,800.000 2,148,630 216,426 840 217,266 95,433 202,238 565,056 1,800,840 2,365,896 297,671 CREDITORS Amounts lalllng due wSthln one year 19 (79,627) {79,627) (99,553) NET CURRENT ASSETS 485,429 1,800,840 2,286,269 198,118 TOTAL ASSETS LESS CURRENT LIABILITIES 6,081,024 1,800,840 7,881,864 5,755,846 CREDITORS Amounts falling due after more than one year 20 (1,191.198) (1,191,198) (1,201,518) NEf ASSETS 4,889,826 1,800,840 6,690,666 4,554,328 FUNDS Unrestricted funds Restricted funds 22 4,889,826 1,800,840 4,553,488 840 TOTAL FUNDS 6,690,666 4,554,328 The charltable company is entltled to exemptlon from audit under Section 477 of the Companies Act 2006 for the year ended 315t March 2025. The members have not dep051ted notlce, pursuant to Sectlon 476 of the Companles Act 2006 requirlng an audit of these flnanclal statements, The trustees acknowledge thelr responsibllltles for (a) ensuring that the charltable company keeps accounting records that comply wlth Sections 386 and 387 of the Companies Act 2006 and (b) preparing financial statements which give a true and falr vlew of the State of affairs of the charitable company a5 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 relatin9 to flnancial statements, so far as appllcable to the charitable company. The notes form part of these financial statement5 Page 12 continued...
RYE, WINCHELSEA AND DISTRICT MEMORIAL HOSPITAL LIMITED (REGISTERED NUMBER: 02740665) BALANCE SHEET - contlnued 31ST MARCH 2025 These financial statements have been audited under the requirements of Section 145 of the Charities Act 2011. These fi'nancial statements have been prepared in accordance wlth the provisions applicable to charitable companies subject to the small companies reglme. The financial statements were approved by the Board of Trustees and authori5ed for i55ue on 18th December 2025 and were signed on Its behalf by.. R J Blsson Trustee The note5 form part of these financial Statements Page 13
RYE. WINCHELSEA AND DISTRICT MeMORIAL HOSPITAL LIMITED CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH 2025 2025 2024 Note5 Cash flows from operating actlvltieg Cash generated from operation5 206,632 35,433 Net cash provlded by operating actlvities 206,632 35,433 Cash flows from investing activltles Purchase of tangible fixed assets Purchase of flxed asset investments Sale of tangible fixed a55ets Sale of flxed asset Investments Interest received Divldends recelved (47.514) {636,572) (127,442) (30,905) 700 26,019 1,880 9,753 489,919 2,199 364 Net cash used In investlng activitles (191,604) (119,995) Change in ush and cash equivalents In the reportlng period Cash and ¢a$h equlvalent• at the beglnnlng of the reportlng period 15,028 (84,562) 202,238 286,800 Cash and cash equivalents at the end of the reporting perlod 217,266 202,238 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 2025 RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES 2025 2024 Net income/(expenditure) for the reportlng period (as per the Statement of Flnancial Activitles) Adjustments for.. Depreclation charge5 Gain on Investments Proflt on disposal of fixed assets Interest received Dlvldends received Increase in debtors (Decrease)/increase In creditors 2,136,338 (49,608) 158,309 (2,009) 153,904 (24,6851 (700) (1,880) (9,753) (54,425) 22,580 (2,199) (364) (2,053.197) (30,246) Net eash provlded by oper•tlons 206,632 35,433 ANALYSIS OF CHANGES IN NET FUNDS At 114124 Cash flow At 3113125 Net cash Cash at bank and In hand 202,238 15,028 217,266 202,238 15,028 217,260 Total 202,238 15,028 217,266 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 2025 STATUTORY INFORMATION Rye, Winchelsea and District Memorial H05Pltal Limited 15 a prlvate charitable company limited by guarantee, registered in England and Wales. The company'5 registered number and registered office address can be found in the reference and administrative details In the Report of the Trustees. ACCOUNTING POLICIES Basis of preparlng the financial statements The financial statement5 of the charitable company, which Is a public benefit entity under FRS 102, have been prepared in accordance wlth the Charities SORP (FRS 102) 'Accountlng and Reporting by Charities., Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Flnancial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 'The Flnancial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financlal statements have been prepared under the hlstorical cost convention, wlth the exception of Investments which are included at market value, as Modified by the revaluatlon of certain assets, Income All income 15 recognised In the Statement of Financlal Actlvitles once the charlty has entltlement to the funds, it is probable that the Income wlll be received and the amount can be measured rellably. Fees, contributions and grants comprlse of amounts recelvable during the year. Receipt of a legacy, in whole or In part, is only consldered probable when the amount can be measured reliably and the charity has been notified of the executorj intention to make a distributlon. Where legacles have been notlfled to the charity, or the charlty is aware of the grantlng of probate, and the crlteria for income recognltion have not been met, then the legacv is treated as a contingent asset and disclosed If materlal, The value of donated Items is recognised when the a550Clated raffle or auction has taken place through the receipt af funds from these events, The valuable time glven by volunteers tOV4ards the charltles objectives Is not valued for the purposes of these financial slatements. Investment Income Is recognlsed in the flnancial statement5 when receivable. The lease premlum Income has been deferred over the period of the lease on a straight line basls. Expenditure Liabilities are recogni5ed as expenditure as soon as there Is a legal or constructive obligation committing the charity to that expendilure, It is probable that a transfer of economlc benefits will be required in settlement and the amount of the obligatlon can be measured reliably. Expenditure is accounted for on an accruals basls and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attrlbuted to particular headings they have been allocated to activities on a basi5 corisistent with Lhe use of resources, Costs in furtherance of the cttaritable objectives are th05e that relate dlrectly to the upkeep and maintenance of the hospltal includlng salaries. Page 16 continued...
RYE, WINCHELSEA AND DISTRICT MEMORIAL HOSPITAL LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025 ACCOUNTING POLICIES - continued Expenditure Fundraising expenditure represents the dlrect costs of fundralslng and includes the 5alarle5 and other direct costs of fundraising staff. Publicity cosls directly related to fundraising are included in the fundraising costs. Management and administratlon cost5 include office costs and other expenditure Including salaries. Tangible fixed assets Fixed assets are recorded at cost or, In cases where assets have been donated, at the valuation at the tlme of the acquisition, Depreciation is provided at the followlng annual rates In order to write off each assets over its useful economic life.. Freehold buildings Freehold bulldlngs - refurblshment costs Assets In the course of construction Furniture and equlpmenl straight Ilne over 100 years IOO/o or 20Vo on cost not deprecSated untll brought into use IOOlo on cost No depreciatlon Is provlded on freehold land. Investments Listed investments are Included at market value at the year end. Gains and 1055es on disposal and revaluation of investments are charged or credlted to the Statement of Flnancial Activities. Investment property Investment property is shown at most recent valuatlon. Any aggregate surplus or deficit arislng from changes in fair value is recognlsed in the Statement of Financial Actlvltles. Taxatlon The charlty is exempt fmm corporation tax on its charltable actlvltles. Fund accounting Unrestricted funds can be used In accordance with the charitable objectlves at the di5cretlon of the trustees. Restrlcted funds can only be used for particular restrlcted purposes Wlthin the objects of the charity, Restrlctions arise when specified by the donor or when funds are raised for particular restrlcted purposes. In the trustees oplnlon, where no restrlctlons are placed, the Incoming resources and resources expended are all derived for the benefit of running the hospltal premises. Therefore the trustees choose to classify this income and expenditure as unrestricted. Designated funds comprlse unrestricted funds that have been set aslde by the trustees for particular purpose5, Debtors Trade and other debtor5 are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid at the year end after taking account of any trade discount5 due. Page 17 Continued...
RYE, WINCHELSEA AND DISTRIcr MEMORIAL HOSPITAL LIMITED NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31ST MARCH 2025 ACCOUNTING POLICIES - continued Creditors and provisions cdItorS and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result In the transfer of funds to a thlrd party and the amount due to settle the obllgation can be measured or estimated reliably, Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due, Operating lease agreements Rentals appllcable to operating leases Whe substantially all of the benefits and rlsks of ownership remaln wlth the lessor are charged agalnst profits on a straight Ilne basis over the perlod of the lease. Pension cost$ and other post-retirement beneflts The charitable company operate5 a defined contribution pen5i0n scheme. Contributlons payable to the charitable company's pension scheme are charged to the Statement of Financial Activlties in the perlod to which they relate. DONATIONS AND LEGACIÉS 2025 2024 Donation5 Glft aid Legacles Other Income 9,097 740 2,289,159 26,472 16,086 4,614 15,193 24,143 2,325,468 60,036 OTHER TRADING ACTIVITIES 2025 2024 Fundraising event5 Hub on the Hlll Cafe 20,723 76,625 17,568 64,029 97,348 81,597 INVESTMENT INCOME 2025 2024 Fixed asset investments Deposit account Interest 364 2,199 9,753 1,880 2,563 11,633 Page 18 continued.
RYE, WINCHELSEA AND DISTRICT MEMORIAL HOSPITAL LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025 INCOME FROM CHARITABLE ACTIVITIES 2025 2024 Activity Running costs recharged to the ESHT ESHT rent and management tharges Other rents receivable other costs recharged Licence fees Premises costs 232,053 212,547 Premlses costs Premises costs Premises costs Hub on the Hill 160,000 119,712 2,579 47,924 155,843 117,643 2,696 36,600 562.268 525,329 RAISING FUNDS Ralslng donations and legacles 2025 2024 Other fundraising costs 4,568 6,163 other tradlng activities 2025 2024 Purchases 28,720 33,011 Investment management costs 2025 2024 Portfollo management 4,091 4,071 Aggregate amounts 37,379 43,245 CHARITABLE ACTIVITIES COSTS DSrect Costs (see note 9) Support costs (see note 10) Totals Premlses costs Grants payable Hub on the Hill 513,282 5.300 155,110 132.710 645,992 5,300 164,647 9,537 673,692 142,247 815,939 Page 19 continued...
RYE, WINCHELSEA AND DISTRICT MEMORIAL HOSPITAL LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025 DIRECT COSTS OF CHARITABLE ACTIVITIES 2025 2024 Staff costs Other operating leases Rates and water Insurance Light and heat Telephone Advertising Running costs recharged to the ESHT Contributlon to Sara Lee Trust running costs Running costs not recharged Bad debts Maintenance Licences Cleanlng Donations Legal fees Depreclation L055 on sale of assets 187,98S 20.400 8.312 4,380 7,030 3,098 132 152,713 5,300 50,015 226 36,371 898 12,595 25,928 169,835 20,400 10,889 4,716 9,261 2,794 179 149,542 5,300 32,102 {470) 21,506 916 13,620 19,908 25,000 153,904 {700) 158,309 673,692 638,702 10. SUPPORT COSTS Governance costs Management Totals Premises cost5 Hub on the Hill 117,159 2,258 15,551 7.279 132,710 9.537 119,417 22,830 142,247 Support costs, included In the above, are as follows: Management 2025 Total actlvltles 2024 Total activitles Premlses costs Hub on the Hlll Wage5 Soclal security Pen5i0ns Offlce costs Other expenses Webslte costs 92,527 10,064 2.775 7,051 4,742 92,527 10,064 2,775 7,794 4.973 1,284 32,363 3,262 971 2,483 11,653 467 743 231 1,284 117,159 2,258 119,417 51,199 Page 20 continued.
RYE, WINCHELSEA AND DISTRICT MEMORIAL HosprrAL LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025 10. SUPPORT COSTS - continued Governance costs 2025 Total actlvities 2024 Total activltle5 Premlses costs Hub on the Hill Auditors, remuneratlon Bank charges Legal fee5 6,851 297 8,403 6,323 908 13,174 1,205 8,451 9,682 1,444 8,616 15,551 7,279 22,830 19,742 11. NET INCOME/(EXPENDITURE) Net Income/(expenditure) Is stated after charglng/(crediting)', 2025 2024 Audltors, remuneratlon Depreciation owned assets Olher operatlng leases Surplus on disposal of fixed assets 13,174 158,309 20,400 9,682 153,904 20,400 (700) 12. TRUSTEES, REMUNERATION AND BENEFITS There were no trustees. remuneration or other benefits for the year ended 31st March 2025 nor for the year ended 31st March 2024. Trustees, expenses There were no trustees, expenses paid for the year ended 31st March 2025 nor for the year ended 31st March 2024. 13. STAFF COSTS 2025 2024 Wages and Salaries Social security costs Other pension costs 261,927 24,770 6,654 186,073 15,641 4,717 293,351 206,431 The average monthly number of employees during the year was a5 follows: 2025 2024 Operation of the charity Operation of Hub No employees received emoluments in excess of £60,000. Page 21 continued...
RYE, WINCHELSEA AND DISTRICT MEMORIAL HOSPITAL LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025 13. STAFF COSTS - continued The key management personnel of the charity comprise the trustees and the Chief Executive Officer, The total employee benefits of the key management personnel were £64,146 {2024: Nll), 14. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restrlcted funds funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacles 60,036 60,036 Charitable actlvltles Premises costs Hub on the Hill 488,729 36,600 488,729 36,600 Other trading activities Investment income 81,597 11,633 81,597 11,633 Total 678,595 678,595 EXPENDITURE ON Ralslng funds 43,245 43,245 Charitable activitles Premises costs Grants payable Hub on the Hill Wellbeing activitles 515,192 5,742 163,709 25,000 515,192 5,742 163,709 25,000 Total 752,888 752,888 Net galns on investments 24,685 24,685 NET INCOME/(EXPENDITURE) (49,608) (49,608) RECONCILIATION OF FUNDS Total fund5 brought forward 4,603,096 840 4,603,936 TOTAL FUNDS CARRIED FORWARD 4,553,488 840 4,554,328 Page 22 continued...
RYE, WINCHELSEA AND DISTRICT MEMORIAL HOSPITAL LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025 15. TANGIBLE FIXED ASSETS Fixtures and rittings Freehold property Totals COST At 1st April 2024 Additions 6.308,316 346,695 6,655,011 47,514 47.514 At 31st March 2025 6.308,316 394,209 6,702,525 DEPRECIATION At 1st April 2024 Charge for year 1,364,774 133,925 227.269 1,592,043 24,384 158.309 At 31st March 2025 1,498,699 251,653 1,750,352 NET BOOK VALUE At 31st March 2025 4,809,617 142,556 4,952,173 At 31st March 2024 4,943,542 119,426 5,062,968 Included In cost or valuation of land and buildin95 Is freehold land of £273,266 (2024 £273,266) which Is not depreciated. 16. FIXED ASSET INVESTMENTS Cash held Llsted for investments Investments Totals MARKET VALUE At 1st Aprll 2024 Additions Disposals Revaluation5 473,944 20,815 494,759 486,554 150,018 636,572 (473,944) (20,815) (494,759) 6,849 6,849 At 31st March 2025 493.403 150,018 643,421 NET BOOK VALUE At 31st March 2025 493,403 150,018 643,421 At 31st March 2024 473,944 20,815 494,759 The were no Snvestment assets outslde the UK. There were no investment assets outside the UK, Page 23 continued...
RYE, WINCHELSEA AND DISTRICT MEMORIAL HOSPITAL LIMITED NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST MARCH 2025 17. INVESTMENT PROPERTY FAIR VALUE At 1st April 2024 and 31st March 2025 492,744 AMORTISATION At 1st April 2024 and 31st March 2025 492,743 NET BOOK VALUE At 31st March 2025 At 31st March 2024 Included in Investment properly Is freehold land valued at £1 (2024 - £1). The freehold land acquired during the year ended 31 March 2019 wa5 subsequently leased to a Trust for a period of 125 years for the constructlon and runnlng of a care home, at a premium of £1,060,000. In the Trustee5' opinion the land has no open market value and Its falr value has therefore been reduced to £1. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade debtors Other debtor5 VAT Prepayments and accrued Income 22,339 2,114,159 7,934 4,198 60,575 7,671 27,187 2,148,630 95,433 19. CREOITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade credltors Soclal security and other taxes Other creditors Accrua15 and deferred income 21,583 6,117 6,791 45,136 40,070 3,651 5,968 49,864 79,627 99,553 The company acquired the freehold land on 6 October 2006 at a cost of £250,000. proportion of this has been leased to a GP practlce on a 125 year lease at a premlum of £230,000. On 6 November 2018 the company leased a further area of freehold land to a Trust for the construction of a care home at a premium of £1,060,000, for a period of 125 year5. The above premiums have been deferred and are being released to the Statement of Financial Activitie5 on a straight line basis over the term of the lease. The amount of deferred income brought forward and released in the year was £10,320 (2024.. £10,320). No further income has been deferred in the current year (2024.. £nil). Page 24 continued.
RYE, WINCHELSEA AND DISTRICT MEMORIAL HOSPITAL LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025 19. CREDITORS: AMOUNTS FALLING DUE WThHIN ONE YEAR- continued In addition to the above deferred income is a150 included for rental invoice5 raised during the year that relate to the following period, The deferred income brought forward and released in the year was £19,075 (2024: £19,075); and income that has been received during the year and deferred was £21,631 (2024: £21,631). The deferred elements are shown within other creditors both in short term and creditors, amounts falling due after more than one year. 20. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2025 2024 Deferred income 1,191,198 1,201,518 21. LEASING AGREEMENTS MSnlmum lease payments under non-cancellable operatlng leases fall due as follows., 2025 2024 Within one year 20,400 18,700 Lease payments recognlsed as an expense in the year were £20,080 {2024'. £20,080). Mlnlmum lease receipts under non-cancellable operatlng leases lall due as follows: 2025 2024 withln one year Between one and five years In more than flve years 266.400 986,400 7,734,067 266,400 986,400 7,980,667 8,986,867 9,233,467 Included wilhin the above disclosure is future minimum operatlng lease commitments relating to three properties. One of the propertles owned by the charity and leased to a thlrd party is done so under a non-cancellable lease of 125 years which is due to expire in 94 years. The total future minimum lease commitment for this property is £8,140,400, of which £7,707,400 is receivable In more Lhan 5 years. The rental income from thls lease will increase by the Retall Price Index (RPI) each year and therefore it has not been dlscounted. Page 25 continued,.,
RYE, WINCHELSEA AND DISTRICT MEMORIAL HOSPITAL LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025 22. MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 3113125 At 114124 Unregtricted funds General fund Fixed assets (509,481) 5,062.969 494,647 (158,309) (47,514) (62,348) 47,514 4,952,174 4,553,488 336,338 4,889,826 Restricted fundg Nurses fund District nurses fund Capltal development fund 779 61 779 61 1,800.000 1.800,000 840 1,800,000 1,800,840 TOTAL FUNDS 4,554,328 2,136,338 6,690,666 Net movement In funds, included In the above are as follows.. Incoming resources Re50urce5 expended Gains and losses Movement in funds Unrestrlcted funds General fund Fixed assets 1,187,647 (695,009) (158,309) 2,009 494,647 (158,309) 1,187,647 (853,318) 2,009 336,338 Restrlcted funds Capital development fund 1,800,000 1,800,000 TOTAL FUND5 2,987,647 {853,318) 2,009 2,136,338 Comparatives for movement In lunds Net movement in funds Transfers between funds At 3113124 At 114123 Unrestricted funds General fund Fixed asset5 (486,335) 5,089,431 103,596 (153,204) (126,742) (509,481) 126,742 5,062,969 4,603,096 (49,608) 4,553,488 Restrlrted funds Nurses fund District nurses fund 779 61 779 61 840 840 TOTAL FUNDS 4,603,936 (49,608) 4,554,328 Page 26 contlnved.,.
RYE, WINCHELSEA AND DISTRICT MEMORIAL HOSPITAL LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025 22. MOVEMENT IN FUNDS - continued Comparatlve net movement in funds, included in the above are as follows: Incoming resources Resources expended Gains and losses Movement in funds Unrestricted fund$ General fund Flxed assets 678,595 (599,6841 (153,204) 24,685 103,596 (153,204) 678,595 (752,888) 24,685 (49,608) TOTAL FUNDS 678,595 {752,888) 24,685 (49,608) A current year 12 months and prior year 12 months comblned position is as follows: Net movement In funds Transfers between funds At 3113125 Al 114123 Unrestricted funds General fund Fixed assets (486,335) 5,089,431 598,243 (311,513) (174,256) 174,256 (62,348) 4,952,174 4,603,096 286,730 4,889,826 Restrlcted fundg Nurses fund Distrlct nurses fund Capital development fund 779 61 779 61 1,800,000 1,800,000 840 1,800,000 1,800,840 TOTAL FUNDS 4,603,936 2,086,730 6,690,666 A current year 12 months and prior year 12 months combined net movement In funds, Included in the above are as follows., Incoming resources Resources expended Galns and losses Movement In funds Unrestricted funds General fund Fixed assets 1,866,242 (1,294,693) (311,513) 26,694 598,243 (311,513) 1,866,242 (1,606,206) 26,694 286,730 Restricted funds Capital development fund 1,800,000 1,800,000 TOTAL FUNDS 3,666,242 {1,606,206) 26,694 2,086,730 Flxed asset5 have been separately designated to show the free reserves position at the balance sheet date. Page 27 contlnued,.
RYE, WINCHELSEA AND DISTRICT MEMORIAL HOSPITAL LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025 22. MOVEMENT IN FUNDS - continued Amounts donated to the Nurse5 by patlents, relatives and friends, are held in a separate fund. This is spent on refreshments and an annual party. Slmilarly there is a fund for the District Nurse5. The Capital Development Fund 55 a restrlcted fund whlch is entirely due to a generous legacy notified to the Charity durlng the course of the year. This will be used for future appropriate capltal development projects 23. RELATED PARTY DISCLOSURES Mr B Nealon, a trustee, Is the chairman of Rye & Dlstrlct Communlty Transport, a charity to which Rye, Winchelsea And Dlstrict Memorial Hospltal donated £10,000 (2024.. £10,000) In the year. Total donatlons recelved from trustees In the year wlthout condltlons was £210 (2024: £958). Total donatlons received with conditions was £nil (2024 - £nil). 24. ULTIMATE CONTROLLING PARTY The charlty is controlled by the board of trustees. 25. CONTINGENT ASSETS As at 31 March 2025 the charity has been made aware of legacy recelpts due to the charity. Where there is uncertainty as to the amount of the legacy and It cannot be reliably estlmated, the legacy ha5 been included as a contingent asset, Page 28