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|DIRECTORS &TRUSTEES|C Trewhitt
(from 1 May 2020)|C Trewhitt
(from 1 May 2020)|
|---|---|---|
||Gen SirA Bradshaw||
||C Lewington
(to 30April 2020)||
||G Lashko||
|COMPANY SECRETARY|N Cattermole||
|REGISTERED OFFICE|The Royal Hospital Chelsea||
||Royal Hospital|Road|
||London||
||SW34SR||
|BANKERS|Barclays Bank|PLC|
||1 Churchill
Place||
||London||
||E145HP||
|AUDITOR|PKF Littlejohn|LLP|
||Statutory
Auditor||
||15Westferry
Circus||
||Canary Wharf||
||London||
||E144HD||
|SOLICITORS|Taylor Wessing||
||5 New Street Square||
||London EC4A|3TW|
|COMPANY NUMBER|03701005||
|CHARITY NUMBER|1076414||
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|CONTENTS||||
|---|---|---|---|
||||Page|
|Report ofthe Trustees|and Directors||4-7|
|Independent
Auditor's|Report||8-10|
|Consolidated
Statement|of Financial Activities|||
|Statement of Financial|Activities - Company|only|12|
|Balance Sheets|||13|
|Consolidated
Cashflow|Statement||14|
|Notes to the Financial Statements|||15-28|
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||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
|Report ofthe Trustees and Directors|||||||
||||2021|2021|2021|2020|
|||Note|E||||
|Income from:|||||||
|Voluntary
income - donations|and||1,038,758|3,590,092|4,628,850|1,186,985|
|legacies|||||||
|Other trading
activities||3|1,820,064||1,820,064|4,342,139|
|Bank Interest received||2,3|710||710|3,939|
|Total income|||2,859,532|3,590,092|6,449,624|5,533,063|
|Expenditure
on:|||||||
|Raising funds|||248,479||248,479|397,244|
|Other trading
activities|||1,072,336||1,072,336|1,735,382|
|Charitable
activities|||2,616,559|408,408|3,024,967|3,133,750|
|Support costs|||85,484||85,484|201,014|
|Total expenditure|||4,022,858|408,408|4,431,266|5,467,390|
|Net income/(expenditure)|||(1,163,326)|3,181,684|2,018,358|65,673|
|Reconciliation
offunds:|||||||
|Total funds brought
forward|||2,221,996|946,983|3,168,979|3,103,306|
|Total funds carried forward|||1,058,670|4,128,667|5,187,337|3,168,979|
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|||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||2021|2021|2021|2020|
||||Note|||||
|Income from:||||||||
|Voluntary
income|- donations|and legacies|2|1,038,758|3,590,092|4,628,850|1,186,985|
|Trading
subsidiary|donation|(Gift Aid)|3|747,728||747,728|2,606,757|
|Bank Interest received|||2|710||710|3,939|
|Total income and endowments||||1,787,196|3,590,092|5,377,288|3,797,681|
|Expenditure
on:||||||||
|Raising funds||||248,479||248,479|397,244|
|Charitable
activities||||2,616,559|408,408|3,024,967|3,133,750|
|Support costs||||85,484||85,484|201,014|
|Total expenditure||||2,950,522|408,408|3,358,930|3,732,008|
|Net income/(expenditure)||||(1,163,326)|3,181,684|2,018,358|65,673|
|Reconciliation
offunds:||||||||
|Total funds brought|forward|||2,182,551|946,983|3,129,534|3,063,861|
|Total funds carried|forward|||1,019,225|4,128,667|5,147,892|3,129,534|
|FOR THE YEAR|ENDED 31 MARCH 2021||||||
|---|---|---|---|---|---|---|
||||Group||Company||
||||2021|2020|2021|2020|
|||Note|||||
|NON CURRENT ASSETS|||||||
|Tangible assets|||19,859|26,309|4,534|7,557|
|Investment
in subsidiary|||||1,000|1,000|
||||19,859|26,309|5,534|8,557|
|CURRENT ASSETS|||||||
|Stocks|||147,502|134,768|||
|Debtors|||3,492,847|655,562|3,362,069|2,241,466|
|Amounts
held with|Group Treasury|||1,500,000|||
|Cash at bank and|in hand||2,882,678|2,245,705|2,212,251|1,269,380|
||||6,523,027|4,536,035|5,574,320|3,510,846|
|CURRENT LIABILITIES|||||||
|Creditors amounts|falling due within one year|10|(1,355,549)|(1,393,365)|(431,962)|(389,869)|
|NET CURRENT ASSETS|||5,167,478|3,142,670|5,142,358|3,120,977|
|NET ASSETS|||5,187,337|3,168,979|5,147,892|3,129,534|
|RESERVES|||||||
|Unrestricted
Funds||12|1,058,670|2,221,996|1,019,225|2,182,551|
|Restricted
Funds||12|4,128,667|946,983|4,128,667|946,983|
||||5,187,337|3,168,979|5,147,892|3,129,534|
##
|||2021|2020|
|---|---|---|---|
||Note|F||
|CASHFLOW FROM OPERATING ACTIVITES|14|636,263|80,665|
|Net cash inflow/(outflow)
from operating
activities|14|636,263|80,665|
|CASHFLOW FROM INVESTMENT ACTIVITES||||
|DIVIDENDS, INTEREST INCOME RECEIVED||710|3,939|
|NET CASHFLOW FROM INVESTING ACTIVITIES||710|3,939|
|CHANGE
IN CASH &CASH EQUIVALENTS
IN THE YEAR||636,973|84,604|
|CASH &CASH EQUIVALENTS
AT 1 APRIL||2,245,705|2,161,101|
|CASH 8 CASH EQUIVALENTS
AT 31 MARCH||2,882,678|2,245,705|
|CASH &CASH EQUIVALENTS CONSISTS OF:||||
|Cash at bank and
in hand||2,882,678|2,245,705|
|CASH &CASH EQUIVALENTS AT 31 MARCH||2,882,678|2,245,705|
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|Lands and Buildings|Over periods of up to 50 years|
|---|---|
|Plant and machinery|-10to 15years|
|Fixtures and fittings|-7to 15years|
|Office equipment|-7to 15years|
|Motor Vehicles|-5to 10years|
|Computer
equipment|-5years|
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|DONATIONS
AND L|EGACIES|||||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||2021|2021|2021|2020|
|||E||E|E|
|Donations||156,804|3,590,092|3,746,896|699,704|
|Legacies||721,896||721,896|249,498|
|Friends: Events income||13,029||13,029|47,629|
|Friends: Membership|income|147,029||147,027|190,154|
|||1,038,758|3,590,092|4,628,850|1,186,985|
|BANK INTEREST||||2021|2020|
|Bank interest received|- company|||710|3,939|
|Bank interest received|—group|||710|3,939|
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|COMPANY NUMB|ER:
0|3853787|||||
|---|---|---|---|---|---|---|
||||||2021|2020|
|||||||E|
|Turnover|||||1,820,064|4,342,139|
|Cost ofsales|||||(111,749)|(434,194)|
|Gross profit|||||1,708,315|3,907,945|
|Administrative
expenses|||||(921,592)|(1,239,926)|
|Other operating
expenses|||||(38,995)|(55,830)|
|Taxation||||||(5,432)|
|Profit on ordinary
activities||before taxation||and|747,728|2,606,757|
|interest|||||||
|—-Bank-interest
receivable|||||||
|Profit on ordinary
activities||before|||747,728|2,606,757|
|tax|||||||
|Qualifying
donation|under|Gift Aid|||(747,728)|(2,606,757)|
|Profit/(Loss)
for the|year||||||
|Retained earnings|brought|forward|||39,445|39,445|
|Retained earnings|carried|forward|||39,445|39,445|
|RECONCILIATION|OF MOVEMENT||IN SHAREHOLDERS'||2021|2020|
|FUND|||||||
|||||||P|
|Opening
shareholders'
funds|||||40,445|40,445|
|Closing Shareholders'
Funds|||||40,445|40,445|
##
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|||2021|2020|
|---|---|---|---|
|Charitable
Expenditure|||E|
|Donations to parent organisation||2,616,559|2,721,512|
|In Pensioner
Services||408,408|412,238|
|Total charitable
expenditure||3,024,967|3,133,750|
|Expenditure
oftrading|company|1,072,336|1,735,382|
|Fundraising
costs||||
|Staff||248,479|300,986|
|Friends of RHC 8 events|||96,258|
|Total fundraising
costs||248,479|397,244|
|Support costs||||
|Staff training||2,589|1,449|
|Recruitment
&selection|||11,401|
|Insurance||1,034|970|
|Stationery|||59|
|Postage||3,130|12,023|
|Printing||2,364|83,457|
|Maintenance
ofsoftware|||2,788|
|Subscriptions||2,647|4,365|
|Sundry
admin charges||327|300|
|Travel 8 transport|||479|
|Entertainment|||1,601|
|Refreshments
for volunteers|||620|
|Advertising||7,054|4,700|
|Donor recognition|||8,044|
|Depreciation||||
|Bad debts|||(1,051)|
|Website selling 8 promotion||1,242|1,129|
|Governance
costs (see below)||65,097|68,680|
|Total support costs|||21
14|
|Total expenditure||||
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|Governance|Governance|Costs|Costs|||||||
|---|---|---|---|---|---|---|---|---|---|
||||||2021|2020||||
|||||||E||||
||Legal|and|Professional|fees|39,850|50,809||||
||Auditors'||remuneration|- audit|24,854|17,258||||
||Bank|charges|||397|613||||
||Total|||||68680||||
|Audit Fees||||||||||
|||||||Group||Company||
|||||||2021|2020|2021|2020|
|Auditor's|remuneration:|||||||||
|Audit||||||14,715|15,050|4,845|4,750|
|Other|services|||||1,115|1,115|||
##
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|6|TANGIBLE FIX|EDASSETS -|GROUP|||||
|---|---|---|---|---|---|---|---|
||Plant &|Land &|Office|Fixtures|Computer|Vehicle|Group|
||Machinery|Buildings|Equipment|&|Equipment||Total|
|||||Fittings||||
||||||E|||
|Cost||||||||
|At 1 April|15,544|22,285|26,366|48,218|56,069|15,114|180,596|
|2020||||||||
|At 31 March|15,544|22,285|26,366|48,218|56,069|15,114|180,596|
|2021||||||||
|Depreciation||||||||
|At 1 April|6,226|14,857|26,047|46,530|56,069|7,557|154,286|
|2020||||||||
|Charge for|779|1,486|319|844||3,023|6,451|
|the year||||||||
|At 31 March|7,006|16,342|26,366|47,374|56,069|10,580|160,737|
|2021||||||||
|Net book||||||||
|value||||||||
|At 31 March|8,538|5,943||||4,534|19,859|
|2020||||||||
|At 31 March|9,319|7,427|318|1,688|1|7,556|26,309|
|2020||||||||
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||Vehicle|Total|
|---|---|---|
||E|E|
|Cost|||
|At 1 April 2020|15,114|15,114|
|At 31 March 2021|15114|15114|
|Depreciation|||
|At 1 April 2020|7,557|7,557|
|Charge for the year|3,023|3,023|
|At 31 March 2021|~l'dK|112|
|Net book value|||
|At 31 March 2021|||
|At 31 March 2020|||
||||Company||
|---|---|---|---|---|
||||2021|2020|
|||||E|
|Shares|in subsidiary|companies|||
|Chelsea|Pensioner|(RH) Ltd|1,000|1,000|
||||1 000||
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|8|STOCKS||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||Group||Company|||
|||||||2021|2020|2021|2020||
||||||||F||E||
|Finished
goods and goods for||||resale||147,502|134,768||||
|9|DEBTORS||||||||||
|||||||Group|||Company||
|||||||2021|2020||2021|2020|
|||||||F|E||||
||Trade debtors|||||54,210|167,012|||9,350|
||Amounts|due from subsidiary|||companies||||359,301|2,226,515|
||Amounts|due from the RHC||||433,373|475,884||||
||Other debtors and prepayments|||||3,005,264|12,666||3,002,768|5,601|
|||||||3,492,847|655,562||3,362,069|2,241,466|
|10|CREDITORS: Amounts||falling due within|||one year|||||
|||||||Group|||Company||
|||||||2021|2020||2021f|2020
E|
||Trade creditors|||||159,844|27,882||5,166|4,421|
||Amounts|due to the RHC||||422,996|381,883||422,996|381,883|
||Social security and other||taxes|||4,369|33,039||||
||Deferred|income||||747,700|921,722||||
||Accruals|and other creditors||||20,640|28,839||3,800|3,565|
|||||||1,355,549|1,393,365||431,962|389,869|
|||||||||||2021|
|Movement
on||deferred income|||||||||
|Brought forward||at the beginning||of|the year|||||921,722|
|Released to SOFA during the year||||||||||(921,722)|
|Deferred to future periods||||||||||747,700|
|Carried forward||at the end ofthe year||||||||747,700|
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|VEMENT OF FUNDS—
up|||||
|---|---|---|---|---|
||Balance|||Balance|
||1st April|Income|Expenditure|31st|
||2020|||March|
|||||2021|
|Restricted
Funds|||||
|Restricted
IP Welfare||1,700,000|273|1,699,727|
|MTI Sensory Room|72,908|||72,908|
|MTI Other RF|80,000|||80,000|
|Restricted
Donations|40,455|264,008|260,245|44,218|
|Cadogan
Donation|87,840|150,000|65,591|172,249|
|Scarlet-Appeal|349,969||25,466|324,503|
|MTI Restricted
Donations|29,328|1,353|1,541|29,140|
|Chaplain
Restricted||1,920|192|1,728|
|Donation|||||
|Pendants
Appeal|16,505||16,505||
|Dementia
Appeal|102,871|8,000|1,373|109,498|
|Restricted
Legacy|10,400|||10,400|
|ABF Grant|55,000|40,000||95,000|
|Education
Coordinator|22,248||344|21,904|
|Chaplain
Music F.|150||150||
|National
Lottery Heritage|5,796|25,000|23,721|7,075|
|Fund Grant|||||
|Restricted
Income Activities|71,313|1,399,811|13,007|1,458,117|
|Centre|||||
|CBRECricket Rl|2,200|||2,200|
|Total Restricted
Funds|946,983|3,590,092|408,408|4,128,667|
|Unrestricted
Funds|||||
|General
Fund|2,221,996|2,859,532|4,022,858|1,058,670|
|Total Unrestricted
Funds|2,221,996|2,859,531|4,022,858|1,058,670|
|Total Funds|3,168,979|6,449,624|4,431,266|5,187,337|
|(company)||||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||Balance||||Balance||
|||||1st April||Income|Expenditure|31stMarch 2020||
|Restricted Funds|||||2019|||f||
|||||||||Restated||
|Cadogan
Fund|||||43,605||43,605|||
|MTI Sensory Room|||||72,908||||72,908|
|MTI Other RF|||||80,000||||80,000|
|Restricted
Donations|||||35,946|13,609|9,100||40,455|
|Cadogan
Donation|||||40,822|150,000|102,982||87,840|
|Scarlet Appeal|||||313,478|36,491||349,969||
|MTI Restricted
Donations|||||26,964|6,516|4,152||29,328|
|Chaplain
Restricted||Donation|||3,650|500|4,150|||
|Pendants
Appeal|||||138,057||121,552||15,505|
|Dementia
Appeal|||||145,390||42,519||102,871|
|Restricted
Legacy|||||400|10,000|||10,400|
|ABF Grant|||||15,000|40,000|||55,000|
|Education
Coordinator||||||27,100|4,852||22,248|
|Big Ideas Community||Hub|||555||445||555|
|Chaplain
Music Fed|||||150|701|701||150|
|National
Lottery Heritage|||Fund|||31,250|25,454||5,796|
|Grant||||||||||
|Restricted
Income|Activities Centre|||||71,313|||71,313|
|CBRECricket IR||||||2,200|||2,200|
|Total Restricted|Funds||||916,925|389,680|359,622||946,983|
|Unrestricted
Funds||||||||||
|General
Fund|||||2,186,381|5,143,383|5,107,768|2,221,996||
|Total Unrestricted||Funds|||2.186,381|5,143,383|5,107,768|2,221,996||
|Total Funds|||||3,103,306|5,533,063|5,467,390|3,168,979||
|NET ASSETS||||Restricted|Unrestricted||2021|||
||||||||E|||
|Tangible assets|||||19,859||19,859|||
|Stock|||||147,502||147,502|||
|Cash||||1,128,668|1,754,010||2,882,678|||
|Net current
liabilities
Total net assets||||3,000,000|~862 702||2,137,298
K~|||
|NET ASSETS||||Restricted
f.|Unrestrictedf||2020|||
|Tangible assets|||||26,309||26,309|||
|Stock|||||134,768||134,768|||
|Amounts
held with Group Treasury|||||1,500,000||1,500,000|||
|Cash||||946,983|1,298,722||2,245,705|||
|Net current
liabilities|||||(737,803)||~737803|||
||||||26|||||
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Docu&gn En*k)pe ID.. B8478E8&977F43B1-W&546FEC124
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