2020-12-31-accounts

Charity name:	Charity name:	St Lawrence's Hospital	St Lawrence's Hospital	St Lawrence's Hospital	CIO
Registered	charity number:	1168625
Principal office:		Bathurst Estate	Office
		Cirencester Park
		Cirencester
		Gloucestershire
		GL7 2BU
Trustees:		The Earl Bathurst -		Master
		Sandra Price
		Roly Hughes
		Andrew Lichnowski
		Shaun Gibbings- Master's				Nominee
Clerk:		Jane Winstanley
Bankers:		Lloyds Bank pic
		14Castle Street
		Cirencester
		Gloucestershire
		GL7 1QI
		COIF Charities	Deposit		Fund
		80 Cheapside
		London
		EC2V 6DZ
Independent	examiner:	Cara Turtington	FCA DChA
		Saffery Champness		LLP
		71tlueeo Victoria		Street
		London
		EC4V48E

			Page
Trustees' report
Statement of	trustees'	responsibilities
Independent	examiner's	report
Statement of	financial activities
Balance sheet
Notes to the financial statements

			Note	Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
				2020	2020	2020	2019
				f	F.	f	f
Income from:
Chadtable activities				136,324		136,324	136,988
Investments				27,333		27,333	27,836
Total income				163,657		163,657	164,824
Expenditure on:
Charitable activities:
Maintenance and running almshouses		of		158,530		158,530	291,868
Total expenditure				158,530		158,530	291,868
Net gains/(losses)	on investments		8	48,151	6,622	54,773	150,277
Net gains / (losses) properties	on investment		8				14,500
Net income / (expenditure)				53,278	6,622	59,900	37,733
Transfers between	funds			5,247	(5,247)
Net movement in funds				58,525	1,375	59,900	37,733
Reconciliation offunds:
Total funds brought	forward			1,931,331	1111272	2,042,603	2,004,870
Total funds carried	forward		11	1,989,856	112,647	2,102,503	2,042,603

			Note	2020		2019
				6
Fixed assets
Tangible assets					1,048,583		1,056,319
investments					995,085		920,312
					2,043,668		1,976,631
Current assets
Debtors			9	755		61,884
Cash and bank at hand				67,403		27,719
				68,158		89,603
Creditors: amounts		falling due within one year	10	(9,323)		(23,631)
Net current	assets				58,835		65,972
Total net assets					2,102,503		2,042,603
Funds:
Restricted funds
Restricted funds				86,331		91,578
Revaluation	reserves			26,316		19,694
					112,647		111,272
Unrestricted	funds
Designated	funds			1,058,783		1,066,519
Revaluation	reserves			355,245		292,668
Unrestricted	funds			575,828		572,144
					1,989,856		1,931,331
					2,102,503		2,042,603

Income and expenditure	Income and expenditure	from lettings	2020	2019
			6	6
Income from lettings:
Weekly maintenance	contributions		152,612	152,722
Less: losses from voids			(16,288)	(15,734)
Total lettings income			136,324	136,988

4.	Employees												2020	2019
													No.	No.
	Staff
	Clerk (part-time)												1	1
	Researcher	(part-time)											1
													2	1
	Staff costs forthe above												f	f
	Wages and	salaries										10,800		10IOOO
	Social security		costs
												10,800		10,000
	No employees		received	emoluments				of	more than f60,000(2019:no employees				received emoluments
	over 660,000).The Clerk				is	considered		to be key management			personnel	for the	purposes of	FRS102.
5.	Investment	income											2020	2019
													6	E
	Income receivable from			investments								25I937		26,652
	Income receivable from			bank short-term					deposits				62
	Rental income												1I334	1,184
												27,333		27,836
6.	Expenditure												2020	2019
													f.
	Direct costs	of housing		maintenance				and management
			Insurance										3,619	3,525
			Routine and		quinquennial				maintenance			74,602		203,399
			Other direct		costs								6,045	3,658
	Donations to		organisations										1,500
	Support costs
			Staff costs									10,800		10,000
			Legal costs										1,302	13,480
			Depreciation									44,764		43,195
			Other overhead				expenses						8,596	9,211
			Governance		costs (see below)								7,302	5,400
												158,530		291,868
	Governance	costs
	Independent		examiners'		remuneration				in respect of:
			Independent			examination							2,100	2,700
			Preparation		of		accounts						2,100	2,700
			Under accrual				in 2019for		preparation	ofaccounts			3,102
													7,302	5,400

8.	Investments								2020	2019
									E	6
	Total fixed asset investments	comprise:
	Listed investments								921,585	846,812
	Freehold land								73,500	73,500
									995,085	920,312
	Listed on a recognised investment		exchange		in the	UK			2020	2019
									f	6
	Market value at 1January 2020								846,812	911,829
	Additions								20,000	74,186
	Disposals at proceeds									(289,480)
	Unrealised gain/(loss) on investments								54,773	136,229
	Realised gain on disposal of	investments								14,048
	Market value at 31December 2020								921,585	846,812
	Costs of investments at the	balance	sheet	date					603,323	583,323
	All ofthe listed investments	are held in the COIF Charities					Investment		Fund.
	Freehold land								2020	2019
	Market value at 1January 2020								73,500	59,000
	Revaluation in the year									14,500
	Fair value at31December 2020								73,500	73,500
	Historical cost								10,200	10,200
	The valuation ofthe 17acres oftenanted			agricultural		freehold		land was carried out on 1May 2019by
	The Bathurst Estate Office.
9.	Debtors								2020	2019
									f	6
	Weekly maintenance contributions								390	1,846
	Other debtors								365	60p038
									755	61,884

10.Creditors: amounts	falling due within one year	falling due within one year	falling due within one year			2020	2019
						f	F.
Maintenance contributions		received	in advance			33	1,613
Trade creditors						5,060	17,777
Other creditors						4,230	4,241
						9323	23 631
11.Summary offund movements
						Gains and
Current year			At 1			losses on	At 31
			January			investments	December
			2020	Income	Expenditure	and transfers	2020
Restricted funds				6	f	6	8
Major repairs fund			91,578			(5,247)	86,331
Major repairs revaluation			19,694			6,622	26,316
Unrestricted funds
Tangible fixed asset	reserve	fund	1,056,319		(44,764)	37,028	1,048,583
Investment property	reserve	fund	10,200				10,200
Property revaluation	reserve		63,300				63,300
Investment revaluation fund			229,368			62,577	291,945
Unrestricted income	funds		572,144	163,657	(113,766)	(46,207)	575,828
			2,042,603	163,657	(158,530)	54,773	2,102,503

Summary o	ffund m	ove	ments (	continued)
							Gains and
Comparative	year			At 1			losses on	At 31
				January			investments	December
				2019	Income	Expenditure	and transfers	2019
				f		f	E	f
Restricted funds
Major repairs fund				98,636			(7,058)	91,578
Major repairs revaluation				52,510			(32,816)	19,694
Unrestricted	funds
Fixed asset	reserve fund			1,006,455		(43,195)	103,259	1,066,519
Property revaluation		reserve		48,800			14,500	63,300
Investment	revaluation		fund	217,074			12,294	229,368
Unrestricted	income	funds		581,395	164,824	(248,673)	74,598	572,144
				2,004,870	164,824	(291,868)	164,777	2,042,603

Analysis ofnet ass	ets between f	unds
		Restricted	Designated	Unrestricted	Total	Total
Current year		funds	funds	funds	funds	funds
		2020	2020	2020	2020	2019
		f		F.	E	E
Fixed assets			1,048,583		1,048,583	1,056,319
Investments		112,647	365,445	516,993	9954085	920,312
Current assets				68,158	68,158	89,603
Creditors: amounts	falling due
within one year				(9,323)	(9,323)	(23,631)
		112,647	1,414,028	575,828	2,102,503	2,042,603

Analysis ofne	t ass	ets between fu	nds (continued)
			Restricted	Designated	Unrestricted	Total	Total
Comparative	year		funds	fuiids	funds	funds	funds
			2019	2019	2019	2019	2018
			E	E		f	8
Fixed assets				1,056,319		1,056,319	996,255
Investments			111,272	302,868	506,172	920,312	970,829
Current assets					89,603	89,603	79,108
Creditors: amounts		falling due
within one year					(23,631)	H'	(41,322)
			111,272	1,359,187	572,144	2,042,603	2,004,870

			Unrestricted	Restricted	Total
			funds	funds	funds
			2019	2019	2019
			E	E	f
Income from:
Charitable activities			136,988		136,988
Investments			27,836		27,836
Totalincome			164,824		164,824
Expenditure on:
Charitable activities:
Maintenance and running		ofalmshouses	291,868		291,868
Total expenditure			291,868		291,868
Net gains / (losses)	on investments		110,466	39,811	150,277
Net gains/ (losses)	on investment		14,500		14,500
properties
Net income / (expenditure)			(2,078)	39,811	37,733
Transfers between	funds		79,685	(79,685)
Net movement in funds			77,607	(39,874)	37,733
Reconciliation offunds:
Total funds brought	forward		1,853,724	151,146	2,004,870
Total funds carried	forward		1,931,331	111,272	2,042,603