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|Charity name:|Charity name:|St Lawrence's<br>Hospital|St Lawrence's<br>Hospital|St Lawrence's<br>Hospital|CIO||
|---|---|---|---|---|---|---|
|Registered|charity number:|1168625|||||
|Principal office:||Bathurst Estate|Office||||
|||Cirencester<br>Park|||||
|||Cirencester|||||
|||Gloucestershire|||||
|||GL7 2BU|||||
|Trustees:||The Earl Bathurst -||Master|||
|||Sandra Price|||||
|||Roly Hughes|||||
|||Andrew<br>Lichnowski|||||
|||Shaun Gibbings-<br>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|||||





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||||Page|
|---|---|---|---|
|Trustees'<br>report||||
|Statement of|trustees'|responsibilities||
|Independent|examiner's|report||
|Statement of|financial activities|||
|Balance sheet||||
|Notes to the financial statements||||





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||||Note|Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|funds|
|||||2020|2020|2020|2019|
|||||f|F.|f|f|
|Income from:||||||||
|Chadtable<br>activities||||136,324||136,324|136,988|
|Investments||||27,333||27,333|27,836|
|Total income||||163,657||163,657|164,824|
|Expenditure<br>on:||||||||
|Charitable<br>activities:||||||||
|Maintenance<br>and running<br>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) <br>properties|on investment||8||||14,500|
|Net income / (expenditure)||||53,278|6,622|59,900|37,733|
|Transfers<br>between|funds|||5,247|(5,247)|||
|Net movement<br>in funds||||58,525|1,375|59,900|37,733|
|Reconciliation<br>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|





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||||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|





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|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|



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|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<br>from|||investments||||||||25I937||26,652|
||Income receivable<br>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|





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|8.|Investments||||||||2020|2019|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||E|6|
||Total fixed asset investments|comprise:|||||||||
||Listed investments||||||||921,585|846,812|
||Freehold<br>land||||||||73,500|73,500|
||||||||||995,085|920,312|
||Listed on a recognised<br>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<br>gain/(loss)<br>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<br>at the|balance|sheet|date|||||603,323|583,323|
||All ofthe listed investments|are held in the COIF Charities|||||Investment||Fund.||
||Freehold<br>land||||||||2020|2019|
||Market value at 1January 2020||||||||73,500|59,000|
||Revaluation<br>in the year|||||||||14,500|
||Fair value at31December 2020||||||||73,500|73,500|
||Historical cost||||||||10,200|10,200|
||The valuation<br>ofthe 17acres oftenanted|||agricultural||freehold||land was carried out on 1May 2019by|||
||The Bathurst<br>Estate Office.||||||||||
|9.|Debtors||||||||2020|2019|
||||||||||f|6|
||Weekly maintenance<br>contributions||||||||390|1,846|
||Other debtors||||||||365|60p038|
||||||||||755|61,884|





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|10.Creditors: amounts|falling due within one year|falling due within one year|falling due within one year|||2020|2019|
|---|---|---|---|---|---|---|---|
|||||||f|F.|
|Maintenance<br>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<br>funds||||||||
|Tangible fixed asset|reserve|fund|1,056,319||(44,764)|37,028|1,048,583|
|Investment<br>property|reserve|fund|10,200||||10,200|
|Property revaluation|reserve||63,300||||63,300|
|Investment<br>revaluation<br>fund|||229,368|||62,577|291,945|
|Unrestricted<br>income|funds||572,144|163,657|(113,766)|(46,207)|575,828|
||||2,042,603|163,657|(158,530)|54,773|2,102,503|



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|Summary o|ffund m|ove|ments<br>(|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<br>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<br>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|





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|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|



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||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2019|2019|2019|
||||E|E|f|
|Income from:||||||
|Charitable<br>activities|||136,988||136,988|
|Investments|||27,836||27,836|
|Totalincome|||164,824||164,824|
|Expenditure<br>on:||||||
|Charitable<br>activities:||||||
|Maintenance<br>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/<br>(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<br>in funds|||77,607|(39,874)|37,733|
|Reconciliation<br>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|