|||Page||
|---|---|---|---|
|Reference and Administrative
Details||||
|Report ofthe Trustees|2|io|5|
|Report ofthe Independent
Auditors|6|ic|8|
|Statement of Financial Activities||||
|Balance Sheet||10||
|Notes to the Financial Statements|11|to|20|
|Detailed Statement ofFinancial Activities||21||
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|||fo|r the Year En|ded 31stMarch|2022|||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
|||||Unrestricted|Restricted|Total|Total|
|||||funds|funds|funds|funds|
||||Notes|5|E|5||
|INCOME AND ENDOWMENTS||FROM||||||
|Donations
and legacies||||50,908||50,908|104,318|
|Charitable
activities||||||||
|The Charles Hastings|Education|Centre||234,564||234,564|231,392|
|George Marshall
Medical Museum||||827||827|35|
|Investment
income||||111||111|308|
|Other income||||9,115||9,115|501|
|Total||||295,525||295,525|336,554|
|EXPENDITURE ON||||||||
|Charitable
activities|||8|||||
|The Charles Hastings|Education|Centre||292,377|97,983|390,360|358,761|
|George Marshall
Medical Museum||||15,390||15,390|25,626|
|Total||||307,767|97,983|405,750|384,387|
|NET INCOME/(EXPENDITURE)||||(12,242)|(97,983)|(110,225)|(47,833)|
|RECONCILIATION
OF FUNDS||||||||
|Total funds brought|forward|||592,779|2,401,098|2,993,877|3,041,710|
|TOTAL FUNDS CARRIED FORWARD||||580,537|2,303,115|2,883,652|2,993,877|
##
||31st|
March 2022||||
|---|---|---|---|---|---|
|||||2022|2021|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
||Notes|6|2|6||
|FIXEDASSETS||||||
|Tangible assets|14|59,277|2,286,657|2,345,934|2,449,169|
|Investments|15|1||1|1|
|||59,278|2,286,657|2,345,935|2,449,190|
|CURRENT ASSETS||||||
|Debtors|16|263,767||263,767|297,915|
|Cash at bank and in hand||337,604|16,458|354,062|411,935|
|||601,371|16,458|617,829|709,850|
|CREDITORS||||||
|Amounts
falling due within one year|17|(80,112)||(80,112)|(165,163)|
|NET CURRENT ASSETS||521,259|16,458|537,717|544,687|
|TOTAL ASSETSLESSCURRENT LIABIUTIES||580,537|2,303,115|2,883,652|2,993,677|
|NET ASSETS||580,537|2,303,115|2,883,652|2,993,877|
|FUNDS|19|||||
|Unrestricted
funds||||580,537|592,779|
|Restricted
funds||||2,303,115|2,401,098|
|TOTAL FUNDS||||2,883,652|2,993,877|
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|DONATI|ONS
AND|LEGA|CI|ES|||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||2022|2021|
||||||||||6||
|Donations||||||||||1,173|
|Grants||||||||||15,305|
|Gift Aid Donation -||The Worcestershire|||Healthcare|Education|Company||||
|Limited|||||||||50,908|87,840|
||||||||||50,908|104,318|
|Grants received, included|||in|the above,|are as fcfiows:||||||
||||||||||2022
6|2021f|
|Medtronic||||||||||10,000|
|Ironbridge|Gorge Museums|||||||||5,305|
|||||||||||15,305|
|INVESTMENT INCOME|||||||||||
||||||||||2022|2021|
||||||||||2|f|
|Bank interest|||||||||111|308|
|INCOME|FROM CHARITABLE ACTIVITIES||||||||||
||||||||||2022|2021|
|||||||The|||||
|||||||Charles||George|||
|||||||Hastings||Marshall|||
|||||||Education||Medical|Total|Total|
|||||||Centre||Museum|activities|activities|
|||||||f||f|f|2|
|Letting to|The Worcestershire|||Healthcare|||||||
|Education|Company|Limited||||234,564|||234,564|231,392|
|Museum|Takings|||||||827|827|35|
|||||||234,564||827|235,391|231,427|
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|CHARITABLE A|CTIV|ITIES COS|TS|||
|---|---|---|---|---|---|
||||||Direct|
||||||Costs (see|
||||||note 9)|
||||||6|
|The Chance Hastings||Education|Centre||390,360|
|George Marshall|Medical Museum||||15,390|
||||||405,750|
|DIRECT COSTS|OF CHARITABLE ACTIVITIES|||||
|||||2022|2021|
|Rates and water||||10,010|8,839|
|Insurance||||15,107|14,620|
|Light and heat||||64,128|51,379|
|Telephone||||398|372|
|Sundries||||253|253|
|Estate maintenance||||87,247|86,687|
|Cleaning,
security|and|associated|costs|67,112|65,938|
|Museum costs||||15,390|25,626|
|Company
secretary fees||||9,900|8,400|
|Bookkeeper||||985|1,160|
|Repairs and renewals||||21,819|755|
|Audio visual equipment||repairs||3,828|4,027|
|Auditors
remuneration||||3,300|3,200|
|Conference costs||||1,889|2,032|
|Accountancy
fees||||855|830|
|Depreciation||||103,506|106,030|
|Loss on sale ofassets|||||4,205|
|Interest payable and similar charges||||25|25|
|||||405,750|384,387|
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|Net incom|e/(expenditure)
is stated after|charging/(crediting):|||
|---|---|---|---|---|
||||2022f|2021f|
|Depmciation - owned assets|||103,506|106,030|
|Deficit on|disposal offixed assets|||4,205|
|Amounts|payable to auditor for statutory|audit|3,300|3,200|
|Amounts|payable to auditor forother financial services||855|830|
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|||Unrestricted|Restdicted|Total|
|---|---|---|---|---|
|||funds
6|fundsf|funds
6|
|INCOME AND ENDOWMENTS|FROM||||
|Donations
and legacies||87,860|16,458|104,318|
|Charitable
activities|||||
|The Charles Hastings
Education|Centre|231,392||231,392|
|George Marshall
Medical Museum||35||35|
|Investment
income||308||308|
|Other income||501||501|
|Total||320,096|16,458|336,554|
|EXPENDITURE ON|||||
|Charitable
activities|||||
|The Charles Hastings
Education|Centre|258,764|99,997|358,761|
|George Marshall
Medical Museum||25,626||25,626|
|Total||284,390|99,997|384,387|
|NET INCOME/(EXPENDITURE)||35,706|(83,539)|(47,833)|
|RECONCILIATION
OF FUNDS|||||
|Total funds brought
forward||557,073|2,484,637|3,041,710|
|TOTAL FUNDS CARRIED FORWARD||592,779|2,401,098|2,993,877|
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|TANGIBLE FIXEDASSETS||||||
|---|---|---|---|---|---|
||Long|Improvements||Audio||
||leasehold|to|Plant and|visual||
||buildings|property|machinery
2|equipment
6|Totals
f|
|COST||||||
|At 1st April 2021|3,730,109|2,160|506,168|323,601|4,562,038|
|Additions|||251||251|
|At 31stMarch 2022|3,730,109|2,160|506,419|323,601|4,562,289|
|DEPRECIATION||||||
|At 1st April 2021|1,416,682|129|431,891|264,147|2,112,849|
|Charge for year|'74,603|43|11,176|17,684|103,506|
|At 31st March 2022|1,491,285|172|443,067|281,831|2,216,355|
|NET BOOK VALUE||||||
|At 31st March 2022|2,238.824|1,988|63,352|41,770|2,345,934|
|At 31stMarch 2021|2,313,427|2,031|74,277|59,454|2,449,189|
|FIXEDASSETINVESTMENTS||||||
||||||Shares
in|
||||||gi'oup|
||||||undertakings|
||||||0|
|The trading
results o|fThe Worcestershire
Healthcare
Educat|ion
Company
Limited was as follows:||
|---|---|---|---|
|||2022|2021|
||||5|
|Turnover||273,981|307,007|
|Administrative
expenses||(242,573)|230,167|
|Other operating
income||20,000|20,000|
|Profit for the financial|year|51,408|87,840|
|Gift aid distributions|to the charity|(51,408)|(87,840)|
|Net retained earnings|for the year|||
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|FIXE|DASSE|TINVESTMENTS - continued|||
|---|---|---|---|---|
|Total|current|assets|258,433|297,138|
|Total|current|liabilities|(258,432)|(297,137)|
||||1|1|
|Share|caital||1|1|
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|MOVEMENT
IN F|UND|S|||||||
|---|---|---|---|---|---|---|---|---|
||||||||Net||
||||||||movement|At|
|||||||At 1.4.21|in funds|31.3.22|
|||||||||6|
|Unrestricted
funds|||||||||
|General
fund||||||438,779|«2,242)|426,537|
|Development
Fund||||||154,000||154,000|
|||||||592,779|«2,242)|580,537|
|Restricted funds|||||||||
|Education Centre||||||1,999,084|(64,790)|1,934,294|
|Medical Museum||||||299,245|(9,186)|290,059|
|Audio Visual Equipment||||||52,383|«5,982)|36,401|
|HLF Museum||||||39,233|(8,025)|31,208|
|Cardiology
Department||Educational|||Fund|10,000||10,000|
|Paediatric Training|Fund|||||1,153||1,153|
|||||||2,401,098|(97,983)|2,303,115|
|TOTALFUNDS||||||2,993,877|(110,225)|2,883,652|
|Net movement
in funds,||included||in|the above are as follows:||||
|||||||Incoming|Resources|Movement|
|||||||resources|expended|in funds|
||||||||F||
|Unrestricted
funds|||||||||
|General fund||||||295,525|(307,767)|«2,242)|
|Restricted funds|||||||||
|Education Centre|||||||(64,Tao i|(64,790)|
|Medical Museum|||||||(9,186)|(9,186)|
|Audio Visual Equipment|||||||«5,982)|«5,982)|
|HLF Museum|||||||(8,025)|(8,025)|
||||||||(97,983)|(97,983)|
|TOTALFUNDS||||||295,525|(405,750)|(110,225)|
|Comparatives
for movement|||In|funds|||||
||||||||Net||
||||||||movement|At|
|||||||At 1.4.20|in funds|31.3.21|
|||||||6|||
|Unrestricted
funds|||||||||
|General fund||||||403,073|35,706|438,779|
|Development
Fund||||||154,000||154,000|
|||||||557,073|35,706|592,779|
|Restricted funds|||||||||
|Education
Centre||||||2,063,874|(64,790)|1,999,084|
|Medical Museum
Audio Visual Equipment||||||303,126
68,961|(3,881 )
(16,578)|299,245
52,383|
|HLF Museum||||||48,676|(9,443)|39,233|
|Cardiology
Department||Educational|||Fund||10,000|10,000|
|Paediatric Training|Fund||||||1,153|1,153|
|||||||2,484,637|(83,539)|2,401,098|
|TOTAL FUNDS||||||3,041,710|(47,833)|2,993,877|
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|||||for the Year Ended 31st|INarch 2022||
|---|---|---|---|---|---|---|
||||||2022f|2021f|
|INCOME AND ENDOWMENTS|||||||
|Donations
and legacies|||||||
|Donations||||||1,173|
|Grants||||||15,305|
|Gift Aid Donation - The Worcestershire|||||||
|Healthcare
Education||Company||Limited|50,908|87,840|
||||||50,908|104,318|
|Investment
income|||||||
|Bank interest||||||308|
|Charitable
activities|||||||
|Letting to The Worcestershire|||Healthcare||||
|Education
Company|Limited||||234,564|231,392|
|Museum
Takings|||||827|35|
||||||235,391|231,427|
|Other income|||||||
|Bank compensation|||||248|501|
|Other income|||||8,867||
||||||9,115|501|
|Total incoming resources|||||295,525|336,554|
|EXPENDITURE|||||||
|Charitable
activities|||||||
|Rates and water|||||10,010|8,839|
|Insurance|||||15,107|14,629|
|Light and heat|||||64,128|51,379|
|Telephone
Sundries|||||396
253|372
253|
|Estate maintenance|||||87,247|86,687|
|Cleaning,
security and||associated||costs|67,112|65,938|
|Museum costs|||||15,390|25,626|
|Company
secretary fees|||||9,900|8,400|
|Bookkeeper|||||985|1,160|
|Repairs and renewals|||||21,819|755|
|Audio visual equipment||repairs|||3,828|4,027|
|Auditors
remuneration|||||3,300|3,200|
|Conference costs|||||1,889|2,032|
|Accountancy fees|||||855|830|
|Long leasehold|||||74,603|74,603|
|Improvements
to property|||||43|43|
|Plant and machinery|||||11,176|13,104|
|Computer
equipment|||||17,684|18,280|
|Loss on sale oftangible||fixed assets||||4,205|
|Bank charges|||||25|25|
||||||405,750|384,387|
|Total resources expended|||||405,750|384,387|
|Net expenditure|||||(110,225)|(47,833)|