Charity Registration Number: 1160902
THE EARL OF RUTLAND AND DR FLEMINGS' HOSPITAL TRUST
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
SOMERBYS LIMITED CHARTERED ACCOUNTANTS 30 NELSON STREET LEICESTER LE1 7BA
THE EARL OF RUTLAND AND DR FLEMINGS' HOSPITAL TRUST
CONTENTS
| PAGE | |
|---|---|
| Charity details | 1 |
| Annual report | 2 - 3 |
| Independent Examiner's Report to the Trustees | 4 |
| Non-Capital receipts and payments | 5 - 6 |
| Capital receipts and payments | 7 |
| Summary of receipts and payments | 8 |
| Statement of assets and liabilities | 9 |
| Notes to the accounts | 10 |
THE EARL OF RUTLAND AND DR FLEMINGS' HOSPITAL TRUST
1
CHARITY DETAILS
Trustees Duchess of Rutland Rachel Emma Manners Duke of Rutland David Charles Robert Manners Mark A Woods Nicholas J Turner David R Wright Gilbert Ward (retired 30 June 2022) Leigh Donger Cannon Judith Wells (appointed 8 November 2022) Offices Belvoir Castle Belvoir Grantham NG32 1PE Independent Examiner Marcus W Dockerty FCA FCCA Somerbys Limited 30 Nelson Street Leicester LE1 7BA
Registered Charity Number: 1160902
THE EARL OF RUTLAND AND DR FLEMINGS' HOSPITAL TRUST
2
ANNUAL REPORT YEAR ENDED 31 MARCH 2023
Administration Details
The Earl of Rutland and Dr Flemings' Hospital Trust is a registered charity, incorporated on 16 March 2015 as a CIO. The registered office and charity number are shown on page 1.
Structure, Governance and Management
The charity is administered by a board of Trustees, as shown on page 1, who meet at least once a year.
The charity recognises that an effective board of Trustees is essential if the charity is to be effective in achieving its objectives. Trustees must have sufficient knowledge, both of trusteeship in general and of the charities activities, to enable them to carry out their role and represent the charity.
The charity will seek to appoint individuals to ensure diversity in its board and with the necessary skills to carry out the objectives of the charity. New Trustees will be provided with a copy of the charity's governing documents.
The Trustees are satisfied with the results for the year, the level of reserves and the ability of the charity to meet its liabilities when they fall due.
Objective and Activities
The charity provides free or subsidised houses to retired estate workers and those in need in the parishes of Bottesford and Muston. At present, it houses sixty five people.
The trustees see the continued provision of subsidised housing as its main achievement.
Public benefit
The Trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Trust’s aims and objectives and in planning future activities.
Financial review
The Trustees were satisfied with the activities during the year and the position at the year end. They are confident that the Charity can meet its liabilities whenever they fall due.
Reserves policy
It is the policy of the Charity to hold sufficient reserves to meet all its liabilities when they fall due.
THE EARL OF RUTLAND AND DR FLEMINGS' HOSPITAL TRUST
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ANNUAL REPORT - CONTINUED YEAR ENDED 31 MARCH 2023
Statement of Trustees' responsibilities
The Trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
On behalf of the Trustees
Mark A Woods
Date -
THE EARL OF RUTLAND AND DR FLEMINGS' HOSPITAL TRUST
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INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES YEAR ENDED 31 MARCH 2023
I report to the charity trustees on my examination of the accounts of the Charity for the year ended 31 March 2023 which are set out on pages 5 to 10.
Respective responsibilities of trustees and examiner
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act')
I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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1 accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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2 the accounts do not accord with those records.
I have no concerns and have come across no matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Marcus W Dockerty, FCA FCCA
SOMERBYS LIMITED
Chartered Accountants 30 Nelson Street Leicester, LE1 7BA
Date -
THE EARL OF RUTLAND AND DR FLEMINGS' HOSPITAL TRUST 5
NON-CAPITAL RECEIPTS AND PAYMENTS 31 MARCH 2023
| Receipts Rents from land and buildings Farm Cottages Service charge Sundry Wayleaves |
31,780 84,234 68,440 378 432 185,264 185,264 £ 31/03/2023 |
31,780 84,234 68,440 378 432 185,264 185,264 £ 31/03/2023 |
29,730 73,709 72,967 425 428 177,259 177,259 £ 31/03/2022 |
29,730 73,709 72,967 425 428 177,259 177,259 £ 31/03/2022 |
|---|---|---|---|---|
| 185,264 £ |
177,259 £ |
THE EARL OF RUTLAND AND DR FLEMINGS' HOSPITAL TRUST
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NON-CAPITAL RECEIPTS AND PAYMENTS 31 MARCH 2023 (continued)
| Payments Property Water rates Rent - The Old Shed Insurance License Health and safety Maintenance, repairs etc Light/heat Telephone Property contractors Fire and safety equipment Administration Staff salaries and wages Management charges Professional fees Advertising Bank charges and interest Bad debts Charitable Expenditure Property Council tax Total Payments Net Receipts/(Payments) |
31/03/2023 31/03/2022 4,077 3,698 718 717 1,238 1,238 159 159 1,206 - 8,221 4,756 14,101 11,648 993 663 18,955 31,079 - 1,093 |
|---|---|
| 49,668 55,051 |
|
| 5,313 4,746 17,458 15,479 2,250 1,632 100 83 5,316 11,387 3,578 - |
|
| 34,015 33,327 |
|
| 8,288 8,059 |
|
| 8,288 8,059 |
|
| 91,971 96,437 |
|
| £93,293 £80,822 |
THE EARL OF RUTLAND AND DR FLEMINGS' HOSPITAL TRUST
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CAPITAL RECEIPTS AND PAYMENTS 31 MARCH 2023
Receipts 31/03/2023 31/03/2022 Sale of Burrows Land, Bottesford 110,000 - Payments Purchases of: Legal and professional fees 16,637 2,259 16,637 2,259
Net receipts/(payments)
£93,363 (£2,259)
THE EARL OF RUTLAND AND DR FLEMINGS' HOSPITAL TRUST
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SUMMARY OF RECEIPTS AND PAYMENTS 31 MARCH 2023
| Opening cash at bank Excess of non-capital receipts over payments for the year Net capital receipts/(payments) Movement in debtors Movement in creditors Movement in loan from Estate Closing cash at bank |
31/03/2023 31/03/2022 21,810 35,763 93,293 80,822 93,363 (2,259) 1,257 (2,785) (6,179) 269 (151,491) (90,000) |
|---|---|
| £52,053 £21,810 |
THE EARL OF RUTLAND AND DR FLEMINGS' HOSPITAL TRUST
9
STATEMENT OF ASSETS AND LIABILITIES 31 MARCH 2023
| Land and buildings (at cost) Woolsthorpe development See below for details of valuation Cash at bank and in hand Current account Property account SPIB account Money owing to the Charity Belvoir Castle Opening Mr P & Mrs P Meredith Mr G Crossland Mrs E Daybell Mrs Coley Mr Goodband Mr I & Mrs L Kinchin Miss K Newton Mr P Johnson Terrace Hills Farm Less monies received in advance VAT Prepayments Money owing by the Charity Anglian Water E-on MKB BS (Grantham) Ltd AJS Plumbing and Heating STWA Stephens Scown LLP Yesss Electrical Mrs D J Griffiths Purchase on account Tenancy deposits Bonds and deposits Loan Loan from Estate |
31/03/2023 31/03/2022 £2,689,149 £2,672,512 |
|---|---|
| 15,569 19,117 33,584 1,305 2,900 1,388 |
|
| £52,053 £21,810 |
|
| 18) ( 184 - 463) ( - 300) ( 35) ( 35) ( 350 - 250 250) ( 350 350 450) ( 325) ( 9 9 615) ( 521 1,053) ( - - 354 13,990 13,990 |
|
| 12,778 14,035 |
|
| 17) ( 49 93 250 - 157 - 4,278 2,500 2,218 1,109 - 31 1,323 - 120 1,500) ( - 2,250 2,250 1,590 1,590 |
|
| 6,056 12,235 |
|
| £50,768 £202,257 |
Valuation
The residential properties, the Old Hunt Stables, Woolsthorpe and all agricultural properties owned by the Earl of Rutland and Fleming's Hospital Trust were valued by Shouler & Son as at 13 November 2019 at a value of £9,488,500. During the year the Charity sold land valued at £30,000. The valuation carried forward as at 31 March 2023 is £9,458,500.
THE EARL OF RUTLAND AND DR FLEMINGS' HOSPITAL TRUST
10
NOTES TO THE ACCOUNTS 31 MARCH 2023
1. Accounting policies
These financial statements have been prepared on a receipts and payments basis.
The principal accounting policies are set out below and have remained unchanged from the previous year.
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a) Investment income is taken into account on receipt. Income tax recoverable on such income is brought into the accounts in the period when it is received.
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b) The trust is unable to recover VAT and accordingly input VAT is written off with the appropriate expenditure.
2. Funds
All funds of the charity are unrestricted and may be applied by the Trustees as income or capital in the promotion of the charity's objectives.
3. Trustees
No expenses were paid to Trustees during the year.
No remuneration was paid to Trustees during the year.