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|Trustees||The Lord Hoyle ofWarrington|The Lord Hoyle ofWarrington|The Lord Hoyle ofWarrington|||
|---|---|---|---|---|---|---|
|||Mr Albert A Poggio OBE|GMH (Chairman)||||
|||Mr Edward
LYome QPM||CPM (Vice-Chairman)|||
|||Commodore
lan McGhie||MA FCMI RN (Rtd)|||
|||Mr James Neish QC|||||
|||Mr George R Desoisa|||||
|||Mrs Deborah AJ Huxley|||||
|||Mr Jose Julio Pisharello|FCCA||(Financial|Director)|
|||Mr Charles Marfe GA (Secretary)|||||
|Chairman||MrAlbertA
Poggio OBE||GMH|||
|Charity number||1161889|||||
|Company|number|9122440|||||
|Registered|office|19 - 23 Norfolk Square|||||
|||London|||||
|||W2 1RU|||||
|Auditor||Cooper Young & Partners||Ltd|||
|||Hunter House|||||
|||109Snakes Lane West|||||
|||Woodford Green|||||
|||Essex|||||
|||IG8 ODY|||||
|Bankers||Natwest
Bank Pic|||||
|||Gibraltar Savings Bank|||||
|||Gibraltar
International
Bank Ltd|||||
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|||Page|
|---|---|---|
|Chairman's
statement|||
|Trustees'
report||2-5|
|Independent
auditor's|report||
|Statement
offinancial|activities||
|Balance sheet|||
|Notes to the financial|statements|10-18|
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||||Unrestricted|Restricted|Total|Total|Restricted|Total|
|---|---|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|funds|funds|
||||2021|2021|2021|2020|2020|2020|
|||Notes||8|8|8|6|6|
|In erne and endowmen||fr|||||||
|Donations
and|grants||23,632||23,632|111,592|200,000|311,592|
|Charitable
activities|||382,925||382,925|468,270||468,270|
|Investments|||45,303||45,303|2,146||2,146|
|Other income|||10,187||10,187|1,112,839||1,112,839|
|Total income|||462,047||462,047|1,694,847|200,000|1,894,847|
|~Ex~i~n:|||||||||
|Charitable
activities||7|523,329||523,329|485,021||485,021|
|Net (expenditure)/income|||||||||
|for the year/
Net movement|in funds||(61,282)||(61,282)|1,209,826|200,000|1,409,826|
|Fund balances
April 2020|at 1||6,929,612|200,000|7,129,612|5,535,507||5,535,507|
|Current year
revaluation||||||184,278||184,278|
|Fund balances
March 2021|at 31||6,868,330|200,000|7,068,330|6,929,611|200,000|7,129,611|
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|||||2021|2020||
|---|---|---|---|---|---|---|
||||Notes|E|||
|Fixed assets|||||||
|Tangible assets|||10|17,710,174|17,751,399||
|Current assets|||||||
|Debtors||||5,342,745|6,551,153||
|Cash at bank and|in|hand||1,059,323|509,747||
|||||6,402,068|7,060,900||
|Creditors: amounts||falling due within|||||
|one year|||12|(125,278)|(116,744)||
|Net current assets||||6,276,790||6,944,156|
|Total assets less|current liabilities|||23,986,964|24,695,555||
|Creditors: amounts
more than one year||falling due after|13|(16,918,634)|(17,565,944)||
|Net assets||||7,068,330||7,129,611|
|Income funds|||||||
|Restricted funds||||200,000||200,000|
|General unrestricted||funds||6,635,701|6,696,982||
|Revaluation
reserve||||232,629|232,629||
|||||6,868,330||6,929,611|
|||||7,068,330||7,129,611|
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|Donatio|ns
and|grants|||||||
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total|Total|
||||||funds|funds|2021|2020|
||||||general
f||||
|Friends|of Calpe|House|||9,782||9,782|292,641|
|Gibraltar|Health|Authority|("GHA")||13,850||13,850||
|HM Government||of Gibraltar||("HMGoG")||||18,951|
||||||23,632||23,632|311,592|
|For the|year ended 31||March 2020||111,592|200,000||311,592|
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|Charitable|activities|||
|---|---|---|---|
|||2021|2020|
|||f|f|
|Charitable|activities (room charges)|382,925|468,270|
|Investments||||
|||2021
F|2020f|
|Interest receivable||45,303|2,146|
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|Other income||||||
|---|---|---|---|---|---|
|||||2021|2020|
|||||6|8|
|Net gain on disposal|of property||(47 Princess Square)||1,089,270|
|Deferred income|||||23,569|
|Other income receivable||from GHA||10,187||
|||||10,187|1,112,839|
|Charitable
activities||||||
|||||2021|2020|
|||||6||
|Employment
and staff costs||||283,767|210,743|
|Depreciation
and impairment||||52,966|51,205|
|Rates||||2,283|8,127|
|Insurance||||20,669|20,167|
|Light and heat||||26,082|26,804|
|Repair, maintenance|and facilities management|||32,881|69,526|
|Postage, stationery
and||minor office equipment||6,072|6,364|
|Telephone
and fax||||3,320|5,966|
|Travelling
expenses||||563|128|
|Legal and professional||||36,997|33,888|
|Auditors'
remuneration||||8,495|6,336|
|Accountancy
fees||||2,500|2,969|
|Payroll administration|fees|||655|515|
|Cleaning||||7,782|9,824|
|Bank charges||||530|585|
|Subscriptions||||562|109|
|Sundry expenses||||9,780|4,741|
|Security expenses||||12,368|22,902|
|Computer
and ITsupport||||1,207|4,122|
|Covid related costs (see||note 3)||13,850||
|||||523,329|485,021|
|Unrestricted
funds||||523,329|485,021|
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|The average
monthly
number
ofemployees
during|the year was:||
|---|---|---|
||2021|2020|
||Number|Number|
||10||
|Employment
costs|2021f|2020|
|Wages and salaries|258,477|177,005|
|Social security costs|20,053|16,442|
|Other pension costs|5,021|3,067|
||283,551|196,514|
||||Land and|Furniture,|ITand other|Total|
|---|---|---|---|---|---|---|
||||buildings|fixtures,|equipment||
|||||fittings &|||
|||||equipment|||
|||||E|||
|Cost|||||||
|At 1 April 2020|||17,500,000|317,998|23,368|17,841,366|
|Additions||||9,393|2,347|11,740|
|At 31 March|2021||17,500,000|327,391|25,715|17,853,106|
|Depreciation|and impairment||||||
|At 1April 2020||||82,865|7,101|89,966|
|Depreciation|charged|in the year||49,109|3,857|52,966|
|At 31 March|2021|||131,974|10,958|142,932|
|Carrying
amount|||||||
|At 31 March|2021||17,500,000|195,417|14,757|17,710,174|
|At 31 March|2020||17,500,000|235,132|16,267|17,751,399|
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|Debtors|||||||
|---|---|---|---|---|---|---|
||||||2021|2020|
|Amounts
falling|due|within one|year:||6|6|
|Deposit and deferred||consideration|on sale of property|(Princess Square)|5,254,700|6,181,999|
|Amount
owed by|HM|Government|ofGibraltar|||28,009|
|Due from Gibraltar|Health Authority||||59,167|66,830|
|Other debtors|||||16,605|264,675|
|Prepayments
and|accrued income||||12,273|9,640|
||||||5,342,745|6,551,153|
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|||2021|2020|
|---|---|---|---|
||||6|
|Other taxation and social security||5,799|4,007|
|Other creditors||98,702|92,730|
|Accruals and deferred|income|20,777|20,007|
|||125,278|116,744|
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|13|Creditors: amounts|falling due|after more than one year|||
|---|---|---|---|---|---|
|||||2021|2020|
|||||8|E|
||Long term loans - HM|Government|of Gibraltar ("HMGoG")|16,918,634|17,565,944|
##
|
further amount ofF5,397,245 was paid in June 20|
further amount ofF5,397,245 was paid in June 20|
further amount ofF5,397,245 was paid in June 20|21, also|from th|e net sale proc|eeds ofPrinc|ess Square.|
|---|---|---|---|---|---|---|---|
|Analysis of net assets between funds||||||||
||Unrestricted|Restricted|Total f|unde|Unrestricted|Restricted|Total funds|
||funds|funds|||funds|funds||
||2021|2021||2021|2020|2020|2020|
||F|8|||F.|F|8|
|Fund balances at||||||||
|31 March 2021||||||||
|are represented||||||||
|by:
Tangible assets|17,710,174||17,710,174||17,751,399||17,751,399|
|Current assets/
(liabilities)
Long term liabilities|6,076,790
(16,918,634)|200,000|6,276,790
(16,918,634)||6,744, 156
(17,565,944)|200,000|6,944,156
(17,565,944)|
||6,868,330|200,000|7,068,330||6,929,611|200,000|7,129,611|
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