2022-04-05-accounts

THE ISLES OF SCILLY HEALTH CENTRE TRUST CHARITY NUMBER 1033080 2021 – 2022 TRUSTEES’ ANNUAL REPORT

Background

The Trust was formed by means of a “Declaration of Trust” dated 17th January 1994, and is registered with the Charity Commission – Charity Number 1033080. The Duchy of Cornwall granted a lease to the Trust for 99 years from 29th September 1997 for the land on which the Health Centre stands. The lease has a peppercorn rent.

In turn, the Trust granted a 25 year lease to the Isles of Scilly Medical Practice from 23rd October 1998, which is now reassigned to the current Medical Practice operating on the Isles of Scilly, The Helston Medical Centre.

This lease allows the Medical Practice to operate their services from the Health Centre Building. The Medical Practice pays a rent to the Trust, which is reviewed every 3 years.

The Objects of the Trust (as stated in the Trust Deed) are – “to relieve sickness and preserve health among persons residing in the Isles of Scilly (the area of benefit) and the visitors to the area particularly by the provision of a new Medical Centre”

During the year the Trustees have –

1. Arranged maintenance of the Health Centre Building on a day to day basis in line with the provisions of the lease.

2. Maintained Income & Expenditure Accounts. Arranged preparation of Annual Accounts and submission of audited accounts to the Charity Commission.

3. Maintained a fully comprehensive commercial Insurance Policy valid at all times.

4. Maintained all necessary certificates to ensure full compliance with all current & future requirements relating to the Health Centre Building.

THE ISLES OE SCILLtMED.ICAL QENTREIRUST EOJIIHE YEAB ENQEQ5- APRIL 2Q22

THE ISLES OF SCILLY MEDICAL£ENTRE TRU.SI FQRThEYEAR ENDED5-APRIL2022 CONIENTS Information Page 1 Independent Examiners Report Page 2 Balance Sheet Page 3 Income & Expenditure Page 4 Notes to the Balance Sheet Page5&6

IHEISLES OF SQ1L&￿EDlcAL CENIREIBUST EIFiapiGJAL ACCOUtr41S FQ&IHEY.EAR ENDED.5- APRIL2Q22 INFORMAIIQN Trustees MrTimothyGuthrie Mr Matthew BarnabyA S Rogers MrsAnna Browne MrsTracySmith Mr Nicholas Jenkins Mrjoelwilliams Charity No. 1033080 Bankers Lloyds Bank Pic Penzance TR18 2TN Accountants R K Keeley FMAAT ATT Carriacou Pilots Retreat St Mary's TR21 OPB Page 1

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to th• trustoosl members of CryJp.ty hl4n The Isles of Scilly m￿le￿I Trust On aeeounta for th• ytar ended sh Aprll 2022 hity no (If any) 1033080 Sat ¢)ut on pago5 1to8 I r8POrt to th8 truste88 on my axamtnation of the accounts of the above charity (Iho Trusf) forthe year ended 5th xil 2022. Responsibllltlo8 and As th8 chartty twstees of the Trust, you are responsible for the preparatKn basis of report of th8 a¢￿Unts in acc(Kdan¢% th8 requlr8ment8 of ￿ Charltlos Act 2011 (Ihe Acr). I report in respect of my examinalion of the TnJst's accounts carrk8d out under sact￿n 145 of Iho 2011 Act in (zrTrdng OLrt my examination, I have followed the app1b￿ble DtreL#k)n8 gfbEn by the Charity Commission undèr secthm 145(5Xbl of the ACL I have compSeted my e￿9Ml￿at￿on. I C£Jnfim that no rnatertal matters have o)me to my att8nts.on in connection wtth the examination which gives me cause to thet in. any materfal re8pe¢l: Indapondenl examlnefs statem•nt 8CC4JKrtlrvJ re(xKds were not kept in acwdarts with sectton 130 of the Act or lh8 accounts do rK)t acry)rcl vlth the a￿Unting records I have no concems aThJ have com8 a(xoss no other matt8rs in connection with the 8xaminath)n to whlth 8ttention 5￿ukI be dra￿ in order to enable a proper understanding of the accounts to b8 reached. Signed: 22￿ April 2024 Namg: Duncan Akers Rol•vant profo881onal qualMcatlon{g} or body (rf anyl: FCA Address: CoSmopol￿n House Old Fore Streol Sidmouth Devon. EX10 8LS

ISLES OF SCILLY MEDICALCENTrE TRUST BALANCE SHEEfASAT 5 APRIL2022 2022 FIXEDASSETS TanwblaA3sets 453.41S 466,750 CURRENT ASSE Prepayments 2.371 2.078 8818nc8 At B8nk 217.717 220.088 169.996 172.074 TOTAL CURRENT ASSETS 673.503 638.824 Creditors- Amounts fallingdue within in year 7.235 TOTALASSETS LESS cURRETr￿ LIABIUnES £686,167 £631,5Bg FUNDS OFTHECHAIRTY UnrestTiCted Funds At 6th April 2021 631.589 617,662 Excess of Income ovef Expenriture 34.578 13.927 TOTAL UNRESTRICTED FUNDS £666.167 É831.589 The financial statements have been approved by the membe5 of the committee and signed on their behalf T Guthrie Date Page 3

ISLES OF SCILLY MEDICAL CENTrE TRUST INCOME AND EXPENDITURE ACCOUNr FOR THE YEAR ENDED ml APRIL 2022 2022 2021 INCOME- UNRESTRTICTED ncomefrom Rentals- Medical Centre 56,000 56,01)0 EXPENDITURE Insur8nc8 2.982 2.834 Repairs & Maintenance 1.755 1,364 Legal Fees Honorarium Solar Panels 21.290 Accountants Fees 350 250 Depreclatlon ol Lease1￿Id Propeny 13.&35 21.422 13,335 42,073 Excess of Income ovel Expondltur• £¥578 £13.927 Page 4

ISLES OF SCILLY MEDICALCEP4TRE TRUST NOTES TO THE BALANCE SHEET ASAT 5TH APRIL2022 Note 1: ACCOUNTING POUCIES BASIS OFACCOUNTING In preparingthe accounts the following a¢countin8 poli¢ie5 have tjeen comptied with:. 01 The accourrts (financial st8temert81 h8ve been prepared underthe histOTical cost convention with ilems recognised at cost ortransaction vaLue unless otherwise st8ted in the relevant notelsl to these 3¢counts. The financial statsments have been pr9par8d In 8ccorOance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their aGcoun15 in accordance with Ihe Financial Reporring &andaTd applicable in the UK and Republic of Ireland IFRS 1021 issued on 16th July 2014 and the Financial Reporting St8ndard applicable in the United Kingdom and RepubliG of Ireland IFRS 10218nd the Chaiitieskt 2011. bl Investment income is recorded vth8n receivable. cl Other expendfture Is Included In the account8 on an accruals basis. IrrecoverabLe VAT is charged to the SOFA as incurred dl DEPRECIATION OF FIXEDASSErs Depreciation has been provided in tha &¢ountsto write off the Leasehold Property on the Straight line basI8 over a perlod of 50 years. Page 5

ISLES OF SCILLY MEDICALCENTRETRUST NOTES TO THE ACCOVNTSAS AT 5TH APRIL2022 Note 2: LEASEHOLD PROPERTY 2021 Leasehold PropertyAt Cost 6th April £666.775 É666.775 AccumuL81ed Depreciation B818nce At 6th April 200.025 186,&J) Depreciation- Provision fortheyear 13.335 13.335 Balance At 5th Apiil £213.360 £200.025 Net Book Value BroLEght Forward £466.750 £480,08S Carrled Forward £453,415 £466.750 Noto 3: TAXATION The Trust is a registefed charlty and accordingly is exemptfrom taxation on its income and gains where they are applied forcharitable purposes Not• &. PREPAYEMNTS 2022 2021 Insurance Prepaid £2.371 È2,078 Not• 5: CREDITORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 2022 2021 Other Creditors 2.669 2.568 Rent Received in advance 4.667 4.667 £7.336 £7,235 Page 6