CRANLEIGH VILLAGE HEALTH TRUST (A COMPANY LIMtrED BY GUARANTEE) REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 COMPANY NO 04253074
CRANLEIGH VILLAGE HEALTH TRUST , Contgnts Pagg Legal arxj administrative infonTk3ti Chairman's Statement Repc%t of the Trustees stateThnt of financBI a(Aivities 10 Balance sheet 11 Notes fomiirvJ part of Ihe finanoal statements 12
CRANLEIGH VILLAGE HEALTH TRUST REPORT AND FV4ANCIAL STArnIENTS FOR THE YEAR ENDED 31 AUGUST 2023 LEGAL AND ADAIINISTRATIVE INFORMATION Registered office arKJ business address and reglstration numbers Boume House Queen Street G(Thshall Surrey GU5 9LY Chanty Number. 1089861 Company Number. 04253074 Website hto .uk Board of Director5 The Trustees servirvJ during the finanaal year and sirKe the year end were as folkws: Dr Robin Fawkner-corbett {chaimn} Brian Chccsrnan Rithard Everitt DavKJ Gtrdharrsrnlth Christina Pearce Nigel Roberts R AnthY Robinson (rreasurer) Bankers HSBC Bank plc 12A North Strect Guildford Surrey GU14AF CCLA Fund Managers Limited. One Angel Lane, London EC4R 3AB Solkltors Pennirutons Manches LLP 31 Chertsey street Guildford Surrey GU14HD
CRANLEIGH VILLAGE HEALTH TRUST CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 31 AUGUST 2023 The TrLt now has no intenli¢yi to develop Its laTKI. •nd as thue is a cost to ns contlnuiry Upkeep, Cvtrff is acttsoty knoking try •itemth ¥rays f(1 Its future uge. This sltulon is Js Intstrallng for the CVF Robin Fawknor£orbett Chainnan
CRANLEIGH VILLAGE HEALTH TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 A1usT 2023 The Trustees of Cranleigh Village Health Trust (tvptf) are pleased to present their report t(yJether with the finan(xal statements of the Chanty for the year erKJed 31 August 2023. Group financia stateEnts have not been prepared as its Subsidiary CVHT Enterprises Limited is dOnant The financial ststements have been prcpared in accordance with the aCnbTrj policies set Ixrt in the notes to the finan(ial statements. (x)mpty with the CharTty's goveming do(xJmen¢ the C(xnpanies ALt 2(X)6 and Accounting arKJ Reporting by Charities Statement of Recommended Practice apFAicable to Charities preparing their accounts in accordani% with the Financial Rcpotb"ng Standard (FRS 102) applicable in the UK arxg Republic of Ireland. Legal armd administrative inf(Kmation set I1 on page 3 forn part of this report. The financial statements a)mply with the Companies Ad 2006, relevant ac(xxJnting standards, the Memorydndum and Articles of Association and the Statement of RecornmerKled Practice - Accounting and Reports"r by Charib"es. Constitution and Objects of the Charity cvFrr is a company limited by guarantee (Company No. 04253074) and is governed by ils Memorandum arKI Artides of Association as amended on 6 December 2001. 29 August 2007 arKI 28 January 2010. T liaknlity of the Members is limited to £1. It Wds estsblished as a Charvty (registered number 1089861) on 19 December 2(Kl1 with the purF)ose ofr. Ihe relief of si(r£ss and for the proteclK)n arKJ prcservation public health in Cranleigh. SUeY arKI the surrourKJing area within the area Covered by the Waverfey Primary Care Group ar)d in suth other areas as the Trustees think fil in particular by providing or assisb.ng in the provision (through the pur(asing. Owning, leasing. running. maintaining or other involvement) of a hospital in Cranleigh being the Cranleigh Village Hospital. Cranleigh, SUeY andlor any affiliated. replarnent or successor pitsl thereto in Cranlcigh as a local hospital, nursing home. okj peoples home, health care and dini of all kinds for the provision of in patient or patient, medical. social. domestic and other facilities and equipping for the recuperation. care. attention. entertaInrnt armj well-being of the residents or patients therein". As explained in our Reports last year and previous years, PlannirMJ appliixts'ons for development of larxj have been refused: the TnleeS are considerirKJ their future options for the site. Directors and Tntee$ The Charity is managed by a Board of Trustees whith met 5 times during the year. Decisions are made on a majority basis unless a decision is perceived by the Trustees as being furKJamental to the objectives of the Charity, in whith case a unanimous vote is required. The Trustees of the Company are also Directors urKJer thmpany law and the Trustees. Rcp(xt is also a Director5. Rekxxt as required by S417 of the Companics Act 20. ThrougFKXrt this reKK)rt the Directors are referred to as Trustees. In accordan with the Artides of Ass<xiation. one third of the TrUStS will sIgn at the AGM. Trustees are ele(knl at a meeb.ng of the Board of Tnjstees based on nominats'(S receive(l fr(xn Trustees or Members. Nominats.S are made based on personal
competence and spccialist skills. Any ncKnination must be ¥XOFX)sed and secorKled. New appointments aro rattfied al the AGM. Candidaies must show knowledge of and an interest in CrdnIeh Village Hospitsl ar)d the ccThmunity it serves arKI be willing to give the time reSSary to meet thc Charitys aims. Trusiees are also selected to givc the Charity a go(Kl mix of appropriate professional skills e.g. finan, legal, retail, KK(yrty management and furKI-raisirKJ. CRANLEIGH VILLAGE HEALTH TRUST REPORT THE TRusfEES FOR THE YEAR ENDED 31 AUGUST 20 coKr Thus, all the Trustecs are hohty skilled prolessionals and the Charity. in recognising special requirements of a ChatitatAe Company. encx)urages the Trustees to make themselves (july aware of the n¢eds of the Charity by studying relevant guidance, undertaking approwate readirrfj and. where necessary. attending suitable courses, esF)ecially those issued organised by the Charity Commission. The Charity also stresses in its govemance do(xJw£nlation the nedj to operate uler Charity Commission guidelines. All Trustees are appointed for a fixed tenn of not more than three years. The Trustees retire by rotation and may put themselves forward for re-eleclion * the AGM. The Ttust maintsins Twstees Fidelity Insuran in re$t of Ihe Trustees. The Charity has a subsidiary. CVHT Enterprises Limited. whi(* was fOrTT to manage major furKJraising events. CVHT Enterprises Limited was not acb've in year. CVHT has carrie(l (Krt r major fvndraising aclivib.es for some years. Rlsk Management The Board (x)nts'nues to keep the Trusts activities under review. particularly regarding any risks which may arisc from time to arKI to monitor the effectivcness of the systems of (x)ntrol and supeNision. The Charity has Insuran polioes in Pla to Ver the [naJ risks relab.ng to wc¥)erty and acb'viti and thc5e a reviewe(l annually. Investment policy The Board is resrx)nsible for the Charity's investment policy. The Trustees revicw the detK)sits hel and the funds available at their rcgular board meetings. The Trustees duly consider the Charity. income requirements. risk Fxofile and market txospects. arKJ invest in low4isk investrnents ensure the appre(aation of the Charity's furKIs. Reserves Reserves have been accurnulated in (yder lo rrttt anticipated development costs arKJ provide finan for the proposed healthcare facalilies Public benefft The primary objective of Ihe Charity is the relief of sickrw in the Waverley Cranfold area. T Trustees (x)nfim that they have complied with the duty in Sethon 17 of the Charities Act 2011 to hav due regard to the Charity Commission's general guIdare on public benefit when reviewing th Charitys aims and (kn"ectives and in planning future ath'vities. The Chanty seeks to athieve the objectives by continuing the pursuit of the provision of. or assisb.ng wtth the provision of. new hcalthcar facilities in Cranlegh.
FINANCIAL REVIEW The rt deficit for the year from ¢xdinary activities Wds £4.753 whith is LX)mpared to a deficit of £13.100 in 2022. The principal (x)ntributions to the rTK)vement were an IrSe in interEst received and a legacy received during the year. CRANLEIGH VILLAGE HEALTH TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST2023- coNfD STATEMENT OF TRUSTEES. RESPONSIBILMES The Trustees (who are also directors of CranIeh Village Health Trust for the wrFKWS of C(xnpany law) are responsible for preparirKJ the Trustees. Anrxkal Report and the financial statements in acu)rdar)ce ¥th applicatAe law and United Kingdom A(xounting Standards {Untted KjrvJécn Generally ACpted AcCLn"rj Pracliix). CoMpY law requires the Trustees to prepare financial statements for each financial year vthith gNe a true arKI fair view of state of affairs of the tharitable company and of the irKX)mirYJ reSrCeS and application of res(xJrces. irlUding the incx)me and experMJiture. ol the charrtable company for Ihat period. In prepann9 these finan(ial statements, the Trustecs are required to." Selert suitable accx)unting policies and then apply them consistenlly: Observe the rneth(xls and principles in the Charities SORP: fvlake judgments and accounting standard ests"mates that a reasonable armj prudenL State whether applicable UK ACCntIng Stsndards have been folk)wed. subject to any material departures disdosed and explained in the financial statements; and Prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charitable cx)mpany will c(xtinue in business. The Trustees are responsible keepiro adcquate accnn9 records that disdose with reasonable accurw at any time the finan(xal position of the charitable company armd enable thcm to ensure that the financial statements comply with the Companies Act 2(X)6. TIEY are also resnsIble for Safeguarding assets of the charitable (x)mpany and hen for taking reasonable steps for the pvents.0n and deteclion of fraud and other irregularities. The Ttustee's report has been prepared in accordan with the provisions applicable to the small (x)rnpanies regiTfE. By order ofthe Trustees R Anthony Roblnson Trustee l[ April 2024
CRANLEIGH VILLAGE HEALTH TRUST STATEWU OF FINANCIAL ACTivmES FOR THE YEAR ENDED 31 AiIGUST 20ZJ UnrBstrlct Unrestricted Funds 2022 Funds 2023 Donats"ons legaoes 5.21Y) 319 Investments Bank interest 4.753 503 Total Income Expgnditure on: Charitsble activities 14.7( 13.922 Total Expenditurg Net {expenditureylncome for year {4.753) (13.1) Reconciliation of funds Total Funds Brought Forward 11 Total Funds Carried FOrd
CRANLEIGH VILLAGE HEALTH TRUST Notes 2023 2023 2022 2022 Fixed assots Tangible assets Investments Totsl fixgd assets 2.4CK),000 2.400,(KK) 2.401,( 2,401,000 Current assets Debtor5 Investrnents Cash at bank and in hand Total current assets 740 675 204,857 210,472 Creditlms: amounts talh.ng due within one year Net current assets Net Assets Unrestrictod funds 10 For the year endirg 31 August 2023 the company was entiued to exernpts from alIt urKler section 477 of the Companies Acl 2006 relating to small companies. The members have not required the charitsble company to obtain an audrt of its financial statements for the year in questK)n in accordarmz With seciion 476 of the Companies Ad 21J)6. The Trustees ad(nowledge their spOnSibl1{lieS for complying with the requirements of the Companies Act 2006 With respect kn aca)unb"ng records and pParatiOn of the financ4al slat*yncnts. TPwe financial statements have been prepared in attordance With the special provisions for small npanies under part 15 of the Companies Aci 2(J)6. UrKJer the Companies Ad 2006 S454 on a voluntary basis. the trustees amerKI these financial statements rf they subsequenlly prove to be defective. unts and sig[d on their behalf by:_ Robln Fawkner-corbett - Twstee Company registration No: 04253074 ony Robinson - Trustse Charity registrabon No: 1089861
CRANLEIGH VILLAGE HEALTH TRUST NOTES F(lMING PART OF ThE FINANCIAL STATEklEiirs FOR THE YEAR ENDED Y1 AUGUST 2023 BASIS OF PREPARATION The charity is a public entrty arKI these finan(aal statements have been prepared in ac(dar with Accounkn"ng and RekKKts"ng by Charibes: Statement of Recommended Pradice applicable to charities preparinq their accounts in accfxdan wth the Financial Rep(xb'ng Standard for (FRS 102) applicable in the UK and the Reputle of Ireland and the Companies Act 2006. Assets and liabilities are initially recorded at historical cost or transaction value unless otherwise stated in the relevant accounting policy note. The presentational currery is sterling and the financial statements are rT)unded to £1. GROUP FINANCIAL STATEMENTS Consolidated Financial Statements have not becn as the results of the subsidiary is dorniant and are rK)t mater1 to the group. The results of the trading subsidiary CVHT Enterprises Limited are given in nole 3. INCOMING RESOURCES Fundraislng Evgnts Income from fund raising events is induded in ina)ming rescxjrces in the perKé in which the relevant event tskes place. Donatlons and Legacigs Income frryn donations. legacies and grants. is indLKJed in incomiro re)Ur(£S whcn the chwity has entsucment to thc funds any performance conditior(s attached to the rtem of income have been met and it is probable that the income will be r1Ved arKI affrt)unt can be measured reliably and is not defcrred. Interest Raceivable Interest is induded when re1vable by the Charity arKI can be rrwsured reliabty. Resources Expendpd and Irrecoverable VAT Expenditure is rccognised once there is a legal or constru(*ve obligation to make a payment to a third party. it 15 probable that settlcment will be required and the amount of the oblytK)n can be measured reliably. Expenditure is dassified under the following headings. Charitable costs indude the operab"rKJ (x)sts of running the Charity. Support )Sts irKlude the cA)st of directly administering and supporting the Charity's operations and have all been allo(3ted to CharitatAe activities Irrecoverable VAT is tharged against the actsvity for which the expenditure was incued. Tangible Fixod Assets LarKJ is induded at the valuation by Fairweathers. Chartered surveyors at 31 March 2015. A wAicy of revaluab.on was undertaken txrt this was frozen on transilion to FRS 102. The land not depre<aated. 10
Investments The investment in the subsidiary undertaking CVFrr EnterprTses Limited is valued at cost. Bank deposits whith maturc in greater than three months are accountcd for as (xrrent investments. Debtors Debtors arc re(x)gnised at the settlernent arrXjnt due after any trade discounts offered. Prepayments are valued at the amount prepaid r)et of any trade dis(XXAnts due. Creditors Creditors and provisions are recx)gnised where Ihe Charity has a present obligation resulting from a past event that will probabty result in the transfer of furKls to a third party and the amount due to settle the obligatK)n can be measured or esb"mated lially. credito and provisiS a normally recognised at their settlement amount after allowing for any trade di5(nts due. Financial instruments The Trust only has financial assets and liatx'liti"es of a kirKI that qualify as basic financial inslnjments. Basic finan(aal instnjments are initially recognised at transaction value and subsequenty fr*&ured at their settlement value. Fund Accounting FurKJs held by the Chanty are all unrestricted general funds - these are fvnds which can be used in accordance with the charrtable objects at the diS¢yetic)n of the Trustees. 2. LEGAL STATUS OF THE CHARITY The Charlty is a company limited by guarantee and ha5 rm) share (xptal. The liabilty of each membcr in the event of winding-up is limited to £1. 3. INVESTMENT IN SUBSIDIARY The Charity hdds a 100Yo investment in the Ordinary sha capital of CVHT Ent¢rprises Limited, whi is in(x)rporated in the Unrted Kingdom. CVFff Enterprises Limrted Covenants all its profits to the Charity. The company was set up to run fundraising events. CVHT Enierprises Limited was rK)t a(aive duftng the year. Net assets at 31 August 2023 and 31 August 2022 were £1.(K)O. 4. DONATIONS AND LEGACIES 2023 2022 319 Legacies 11
S. CHARABLE ACTivmES 2023 2022 Support costs for the Charity." ComF)Uter and webstte carnpan support Insuran Sundry Trade Mk relVal Development (x)sts Governan (x)sts Total Operaiional (x)sts The Trust had r)0 employees in 2023 2022. Key management personnd are considered to be the Tnjstees. The TtustCC5 received r)0 MuneratIon durin9 the year. No ex[nseS were reimtXArsed to Trustees in thc year. 12 198 5.570 259 274 75 267 4.632 6.108 13 6. GOVERNANCE COSTS 2023 Professional fecs Independenl Examination Trustee Indemnity Insuran(x 4,764 {580) 24(K) 7. TANGIBLE FIXED ASSETS 2023 2022 Prope Valuatlon At 1 September 2021 and 31 August 2023 All tangible [ed assets are hckl for direct Charitable purFK)ses. Indudcd in Property is freehold land at KrK)wle Lane whith has been conveyed by Cranleigh Parish Council in u)nsiderati'on of land donaied by the fomier president of Cranleigh Willage Health Trust, under a land exthange agreemenl whith was cx)mpleted in December 2010. Thc Sand has historically been designatcd the proposed construction of a new Care Home with community tdS and based on an independont valuation by Fairwcathers Chartered Surveyors in 2015 is valued at £2.400.CMJ) in the xcounts. The Trustees have adopied that valuation transitK)n to FRS 102. On 21 February 2021 the revised planning applicab.on was rejected by Waverfey Borough Councfl: the Trustees arKJ their advisor5 are (x)nsidering the next steps. Given uncertainty on how the larKJ might be disposed developed the Trustees do not believe that at the Trent ts'me it is possible to obtain an 1rKlerIent valuation and as sud) cannot be (%rtain that the value in the }Unts will be realised. 12
DEBTORS 2023 2022 Gift AMJ Other debtors CREDITORS: AMouKfs FALLING DUE wrrHIN ONE YEAR 2023 2022 Am(xJnts due to Subsidiary Trade creditor5 Accruals arKI deferred irKome 1.000 300 10. UNRESTRICTED FUNDS Genernl Fund 2023 General Fund 2022 Balance at 1 September Movement in funds for the year Balance at 31 August 2.607.972 2.621,072 11. ULTIMATE CONTrOLLING PARTY The was no ultimate controllirYJ party during the year. 11 RELATED PARTIES David GrahanFSmilh. a Trustee. is a CSuItant with Penningtons Manthes LLP to whom legal fees of £4,764 were paid during the year (2022 - £4.076). At the year end £Nil {2022:£NIL) is owed to Penningtons Mar)Ghes LLP Robin Fawkner-C(xbett arml Rithard Everitt are dire(xors of CVHT Enlerprises Limited. Brian Cheesman is also a Trustee of The League of Fricnds of Cranleigh Ifillage Hospital. a Charity wilh which Cranleigh Village Health Tntst (Troperates in pursuit of the obpAive of wovidiry improved healttrKare fracilities for the c4Jnmunty. 13