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2022-09-30-accounts
| Charity information |
1 |
| Report of the Trustees |
2
- 7 |
| Independent Auditor’s Report |
8-10 |
| Statement of Financial Activities |
11 |
| S&ance Sheet |
12 |
| Statement of Cash Flows |
13 |
| Notes to the Financial Statements |
14—22 |
| 2d Floor Aquis House |
| 49-51 Blagrave Street |
| Reading |
| Berkshire |
Rd
1PL |
| Barclays Bank plc |
| One Churchill Place |
| London |
| E14 5HP |
| Nationwide Building Society |
| Kings Park Road |
| Moulton Park |
| Northampton |
| NN3 6NW |
fl..:I.j:...... fl....:.,
INeVVL)uI 3t
OLJIIUII 9 OLR..Itly |
| 17 Bartholomew Street |
| Newbury |
| RG14 5LY |
| Bevan Brittan |
| 35 Colston Avenue |
| Bristol |
| BS1 4TT |
| Sarah Deal |
|
| Dr Keith Endersby |
Secretary |
| Sylvia Galbraith |
|
| Victoria Hopgood |
|
| Shane Prater |
|
| Dr Robert Tayton |
Chairman |
| Paul Townsend |
|
| Chairman: |
|
Dr Robert Tayton |
| Company |
Secretary: |
Dr Keith Endersby |
| Bankers: |
|
Barclays Bank plc and Nationwide Building Society |
| Solicitors: |
|
Bevan Brittan |
| Auditors: |
|
UHY Ross Brooke |
|
|
|
2022 |
2022 |
2022 |
2021 |
|
|
Notes |
Unrestricted |
Restricted |
Total |
Total |
|
|
|
Funds |
Funds |
Funds |
Funds |
|
|
|
£ |
£ |
£ |
£ |
|
|
|
|
|
|
(Note 18) |
| INCOME AND ENDOWMENTS FROM: |
|
|
|
|
|
|
| Donations and legacies |
|
3 |
- |
138,083 |
138,083 |
750,000 |
| Incomefrom charitable activities |
|
|
|
|
|
|
| Provision of hospital services |
|
|
5,280,885 |
- |
5,280,885 |
4,960,379 |
| Investment income |
|
|
14,847 |
80 |
14,927 |
12,682 |
| TOTAL |
|
|
5,295732 |
138,163 |
5,433,895 |
5,723,061 |
| EXPENDITURE ON: |
|
|
|
|
|
|
| Charitable Activities: |
|
|
|
|
|
|
| Cost of hospital services |
— contractual |
|
4,770,945 |
- |
4,770,945 |
4,497,399 |
| Cost of hospital services |
-voluntary |
|
144,768 |
138,083 |
282,851 |
1,769,363 |
| TOTAL |
|
4 |
4,915,713 |
138,083 |
5,053,796 |
6,267,262 |
| NET INCOMEI(EXPENDITURE) |
|
|
|
|
|
|
| BEFORE TRANSFERS |
|
|
380,019 |
80 |
380,099 |
(544,201) |
| Transfers between funds |
|
14 |
|
|
|
|
| Net ncorne/(expenditure) and net |
|
|
|
|
|
|
| movement in funds in the year |
|
|
380,019 |
80 |
380,099 |
(544,201) |
| Tota’ funds at 1 October 2021 |
|
|
8,825,935 |
9,171 |
8,835,106 |
9,379,307 |
| Total funds at 30 September 2022 |
|
15 |
9.205,954 |
9.251 |
9.215.205 |
&835, 106 |
|
Notes |
|
2022 |
2021 |
|
|
£ |
£ |
£ |
| CURRENT ASSETS |
|
|
|
|
| Debtors: |
|
|
|
|
| Falling due within one year |
7 |
1,372,245 |
|
2,028,800 |
| Falling due after more than one year |
8 |
8,817,015 |
|
9,652,715 |
| Cash at bank and in hand |
|
8,643,168 |
|
7,515,245 |
|
|
18,832,428 |
|
19,196,760 |
| CREDITORS: Amounts falhng due within |
|
|
|
|
| one year |
9 |
(1 228,023) |
|
(1,233,736) |
| NET CURRENT ASSETS |
|
|
17,604,405 |
17,963,024 |
| CREDITORS: Amounts falling due after more |
|
|
|
|
| than one year |
10 |
|
(7,096,845) |
(7,769,116) |
| Provisions for liabilities and charges |
11 |
|
(1,292,355) |
(1,358,802) |
| TOTAL ASSETS LESS LIABILITIES |
|
|
9.215.205 |
8.835.106 |
| Unrestricted funds |
13 |
|
9,205,954 |
8,825,935 |
| Restricted funds |
14 |
|
9,251 |
9,171 |
| TOTAL FUNDS |
15 |
|
9.2iL2f15 |
8,835,106 |
|
2022 |
2021 |
|
£ |
£ |
| Cash flows from operating activities: |
|
|
| Net movement in funds |
380,099 |
(544.201) |
| Amortisation of finance receivable |
799,459 |
764,695 |
| Interest received |
(14,927) |
(12,682) |
| Interest paid |
530,398 |
583.656 |
| Decrease/(increase)/in debtors |
692,796 |
(709,660) |
| Increase/(decrease) in creditors |
79,982 |
(46,229) |
| Increase/(decrease) in provisions |
(66,447) |
(19,398) |
| Net cash provided by operating activities |
2,401,360 |
16.581 |
| Cash flowsfrom investing activities |
|
|
| Interest received |
14,927 |
12,682 |
| Net cash provided by investing activities |
14,927 |
12,682 |
| Cash flows from financing activities |
|
|
| Interest paid |
(530,398) |
(583,856) |
| Repayment of loan |
(757,966) |
(855,396) |
| Net cash used in by financing activities |
(1,288,364) |
(1,439,252) |
| Change in cash and cash equiva!ents in the year |
1,127,923 |
(1,400,980,) |
| Cash and cash equivalents at the beginning of the year |
7,515,245 |
8,925,234 |
| Total cash and cash equivalents at the end of the year |
8.643.168 |
7515,245 |
|
2022 |
2021 |
| Analysis of cash and cash equivalents: |
£ |
£ |
| Cash at bank and in hand |
8fi44 |
7,515.245 |
|
|
2022 |
2021 |
| Charitable Activities: |
|
£ |
£ |
| Cost of hospital services |
- contractual |
|
|
| Facilities management charge |
|
2,393146 |
Z2Q5,854 |
| Management fees |
|
95,220 |
94,880 |
| Sinking fund expenditure |
|
525,787 |
413,334 |
| Model update |
|
6,600 |
(6,400) |
| Amortisation of finance receivable |
|
794,486 |
758,600 |
| Loan interest |
|
530,398 |
583,856 |
| Insurance |
|
56,170 |
47,065 |
| Variation expenditure recharged |
|
12,836 |
58.599 |
| Amortisation of loan arrangement fees |
|
4,973 |
6,295 |
| Utility charge |
|
327,897 |
274,160 |
| Governance |
|
11,500 |
15,000 |
| Othercosts |
|
11,932 |
46,156 |
|
|
4,770,945 |
4,497,399 |
| Cost of hospital services |
— voluntary |
|
|
| Variation expenditure met by Charity |
|
282,851 |
19,863 |
| Donations for MRI Scanners |
|
- |
1,750,000 |
|
|
282,851 |
1,769,863 |
|
|
5,053.796 |
6.267,262 |
|
|
|
|
|
2022 |
2021 |
|
|
|
|
|
£ |
£ |
| Auditor’s |
remuneration |
audit |
|
|
11,500 |
15,000 |
|
|
other |
services:- |
SPy management |
- |
94.880 |
|
|
other |
services:- |
variations |
|
|
| 7. |
DEBTORS: Amounts falling due within one year |
|
|
|
|
2022 |
2021 |
|
|
£ |
£ |
|
Finance receivable |
835,700 |
799,459 |
|
Other debtors |
|
750,000 |
|
Prepayments and accrued income |
536,545 |
479,341 |
|
|
1.372.245 |
2.028.800 |
| 8. |
DEBTORS: Amounts falling due after more than one year |
|
|
|
|
2022 |
2021 |
|
|
£ |
£ |
|
Finance receivable |
.JJ1Z,015 |
9,652,715 |
| 9. |
CREDITORS: Amounts falling due within one year |
|
|
|
|
2022 |
2021 |
|
|
£ |
£ |
|
Building Society
- loan capital repayable within one year |
672,271 |
757,966 |
|
Trade creditors |
328,642 |
276,404 |
|
Social Security and other taxes |
116,467 |
83,104 |
|
Other creditors |
9,355 |
9,275 |
|
Accruals |
101,288 |
106,987 |
|
|
zL22L023 |
1,233,736 |
|
2022 |
2021 |
|
£ |
£ |
| Building Society loan capital due: |
|
|
| lnone—twoyears |
748,163 |
672,271 |
In two
— five years |
3,091,163 |
2,622,109 |
| In more than five years |
3,257,519 |
4474,735 |
|
7.096.845 |
7769.i16 |
| Life Cycle and Maintenance |
£ |
| At 1 October 2021 |
1,358,802 |
| Additions |
459,340 |
| Amounts used |
(525787) |
| At 30 September 2022 |
|
| 13. |
UNRESTRICTED FUNDS |
UNRESTRICTED FUNDS |
|
|
|
|
|
|
AtI |
|
|
|
At30 |
|
|
October |
Incoming |
Resources |
|
September |
|
|
2021 |
resources |
expended |
Transfers |
2022 |
|
|
£ |
£ |
£ |
£ |
£ |
|
Generalfund |
8,675935 |
5,295,732 |
(4,915713) |
(41218) |
9,014,736 |
|
Designated fund |
— |
|
|
|
|
|
Switchgear |
150,000 |
- |
- |
- |
150,000 |
|
Covid recovery |
* |
|
- |
41218 |
41,218 |
|
|
_.?25.93 |
_5295.±32 |
(4.915.713) |
|
|
|
The Switchgearfund relates to an electrical upgrade needed for the hospital. |
|
|
|
|
|
|
|
Ati |
|
|
|
At30 |
|
|
October |
Incoming |
Resources |
|
September |
|
|
2020 |
resources |
expended |
Transfers |
2021 |
|
|
£ |
£ |
£ |
£ |
£ |
|
GeneraF fund |
9,270,366 |
4,972,831 |
(5,517,262) |
(50,000) |
8,675,935 |
|
Designated fund |
— |
|
|
|
|
|
Switchgear |
100,000 |
- |
- |
50,000 |
150,000 |
|
|
fi:370,366 |
- 4,972.831 |
J5,517.262) |
|
8.825.935 |
| 14. |
RESTRICTED FUNDS |
|
|
|
|
|
|
|
Ati |
|
|
|
At30 |
|
|
October |
Incoming |
Resources |
|
September |
|
|
2021 |
resources |
expended |
Transfers |
2022 |
|
|
£ |
£ |
£ |
£ |
£ |
|
Renal Unit |
9,171 |
80 |
|
- |
9,251 |
|
Rainbow Rooms |
- |
35,583 |
35,583 |
- |
- |
|
Switchgear |
- |
102,500 |
102,500 |
|
|
|
|
9.171 |
138.163 |
138.083 |
- |
9,251 |
|
Ati |
|
|
|
At30 |
|
October |
Incoming |
Resources |
|
September |
|
2020 |
resources |
expended |
Transfers |
2021 |
|
£ |
£ |
£ |
£ |
£ |
| Renal Unit |
8,941 |
230 |
- |
- |
9.171 |
| MRI Scanners |
- |
750.000 |
(750.000) |
- |
- |
|
8,941 |
750,230 |
(750.000) |
- |
9.171 |
| NALYSIS O |
F |
NET ASSETS |
BETWEEN FUN |
DS |
|
|
|
|
| 2022 |
|
|
Net current |
Long term |
|
|
|
Total |
|
|
|
assets |
liability |
Provisions |
Transfers |
|
2022 |
|
|
|
£ |
£ |
£ |
£ |
|
£ |
| Unrestricted |
— |
General fund |
17,403,936 |
(7,096,845) |
(1,292,355) |
|
- |
9,014,736 |
| Unrestricted |
— |
Designated |
191,218 |
- |
- |
|
- |
191,218 |
| Restricted |
|
|
9,251 |
|
- |
|
|
9,251 |
|
|
|
17,604.405 |
(7.096.845) |
j.292.35j |
|
|
=flP.Z |
| 2021 |
|
|
Net current |
Long term |
|
|
|
Total |
|
|
|
assets |
liability |
Provisions |
Transfers |
|
2021 |
|
|
|
£ |
£ |
£ |
£ |
|
£ |
| Unrestricted— |
|
Generalfund |
17,603,853 |
(7,769,116) |
(1,358,802) |
|
- |
8,675,935 |
| Unrestricted |
— |
Designated |
150,000 |
- |
- |
|
- |
150,000 |
| Restricted |
|
|
9.171 |
|
|
|
|
9,171 |
|
|
|
I7.963,Q4 |
(7.769,116) |
(1,358,802,) |
|
|
8.835JQ |
|
|
|
2022 |
2021 |
|
|
|
£ |
£ |
| Financial assets measured |
at fair value |
|
|
10,452,174 |
| Financial liabilities measured at fair value |
|
|
|
._(1.358,802) |
| ANALYSIS OF CHANGES |
IN NET DEBT |
|
|
|
|
01 Oct |
Cash-flows |
Other non-cash |
30 Sep |
|
2021 |
|
changes |
2022 |
|
£ |
£ |
£ |
£ |
| Cash |
7,515,245 |
1,127,923 |
- |
8,643,166 |
| Finance receivable due |
799,459 |
(799,459) |
835,700 |
835,700 |
| within one year |
|
|
|
|
| Finance receivable after |
9,652,715 |
- |
(835.700) |
8,817,015 |
| more than one year |
|
|
|
|
| Loans falling due within |
(757,966) |
757,966 |
(672271) |
(672,271) |
| one year |
|
|
|
|
| Loans falling due after |
(7,769,116) |
|
672fl |
(7,096,845) |
| more than one year |
|
|
|
|
| Total |
9,440,337 |
1,086,430 |
- |
10.526.767 |
18.
COMPARATIVE STATEMENT OF |
FINANCIAL ACTIVITIES |
|
|
|
2021 |
2021 |
2021 |
|
Unrestricted |
Restricted |
Total |
|
Funds |
Funds |
Funds |
|
£ |
£ |
£ |
| INCOME AND ENDOWMENTS FROM: |
|
|
|
| Donations and legacies |
- |
750,000 |
750,000 |
| Income from charitable activities |
|
|
|
| Provision ofhospitalservices |
4,960,379 |
- |
4,960,379 |
| Investment income |
12,452 |
230 |
12,682 |
| TOTAL |
4,972,831 |
750,230 |
5,723,061 |
| EXPENDITURE ON: |
|
|
|
| Charitable Activities: |
|
|
|
Costofhospital services
- contractual |
4,497,399 |
- |
4,494399 |
Cost ofhospital services
- voluntary |
1,019,863 |
750,000 |
1,769,863 |
| TOTAL |
5,517262 |
750.000 |
6,267.262 |
| NET INCOME/(EXPENDITURE) |
|
|
|
| BEFORE TRANSFERS |
(544,431) |
230 |
(544,201) |
| Transfers between funds |
- |
|
|
| Net income/(expenditure) and net |
|
|
|
| movement in funds in the year |
(544,431) |
230 |
(544,201) |
| Total funds at 1 October 2020 |
9,370,366 |
8,941 |
9,379,307 |
| Total funds at 30 September 2021 |
8.825.935 |
9.171 |
8.835,106 |