```
REGISTERED CHARITY NUMBER: 1187012
```
## **`REPORT OF THE TRUSTEES AND`**
```
AUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
```
## **`FOR`**
## **`THE MARIE CELESTE SAMARITAN SOCIETY`**
```
Barrow LLP
Statutory Auditor
Chartered Accountants
Jackson House
Station Road
Chingford
London
E4 7BU
```
```
THE MARIE CELESTE SAMARITAN SOCIETY
```
## **`CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022`**
|||**`Page`**||
|---|---|---|---|
|**`Reference and Administrative Details`**||`1`||
|**`Report of the Trustees`**|`2`|`to`|`4`|
|**`Report of the Independent Auditors`**|`5`|`to`|`6`|
|**`Statement of Financial Activities`**||`7`||
|**`Statement of Financial Position`**||`8`||
|**`Statement of Cash Flows`**||`9`||
|**`Notes to the Financial Statements`**|`10`|`to`|`20`|
|**`Detailed Statement of Financial Activities`**|`21`|`to`|`22`|
```
THE MARIE CELESTE SAMARITAN SOCIETY
```
```
REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31 DECEMBER 2022
```
|**`TRUSTEES`**|`A J Scott-Barrett`|
|---|---|
||`Professor T Beedham`|
||`A Knapp`|
||`D G Thomas (Chairman)`|
||`T J Palmer (Treasurer)`|
||`Dr V L C White`|
||`M M Denholm (appointed 24.3.22)`|
||`Dr L Langmead (appointed 28.11.22)`|
|**`PRINCIPAL ADDRESS`**|`The Royal London Hospital`|
||`Whitechapel`|
||`London`|
||`E1 1BB`|
|**`REGISTERED CHARITY NUMBER`**|`1187012`|
|**`INDEPENDENT AUDITORS`**|`Barrow LLP`|
||`Statutory Auditor`|
||`Chartered Accountants`|
||`Jackson House`|
||`Station Road`|
||`Chingford`|
||`London`|
||`E4 7BU`|
|**`BANKERS`**|`Coutts & Co`|
||`440 Strand`|
||`London`|
||`WC2R 0QS`|
|**`SOLICITORS`**|`Latham & Watkins (London) LLP`|
||`99 Bishopsgate`|
||`London`|
||`EC2M 3XF`|
|**`INVESTMENT MANAGERS`**|`Walker Crips Stockbrokers Limited`|
||`Old Change House`|
||`128 Queen Victoria Street`|
||`London, EC4V 4BJ`|
```
Page 1
```
## **`THE MARIE CELESTE SAMARITAN SOCIETY`**
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022`**
```
TheTrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended31December2022.The Trustees
haveadoptedtheprovisionsof AccountingandReportingby Charities;Statementof RecommendedPracticeapplicableto charities
preparingtheiraccountsin accordancewith the FinancialReportingStandardapplicablein the UK and Republicof Ireland (FRS102)
(effective 1 January 2019).
```
## **`OBJECTIVES AND ACTIVITIES`**
## **`Purpose and Aims`**
```
TheCharity'spurposesaretoprovideandadministersuchreliefandaidforpatientsat,orwhohavebeendischargedfrom, the
RoyalLondonHospital,thatdoesnotfallwithinthescopeoftheNationalHealthService.TheaimoftheCharityistocontinue to
renderassistance,directlyandindirectly,toasmanysuchpatientsaspossibleandthustofurtheritscharitablepurposesfor the
public benefit.
```
## **`Ensuring our work delivers this aim`**
```
TheTrusteesregularlyreviewthisaimandtheoutcomesoftheCharity'sactivities,assessingtheprogressofeachactivityand the
benefitsprovidedtothegroupsandindividualsbeinghelped.SuchreviewsenabletheTrusteestobesatisfiedthatthe various
activitiesremainfocussedonthestatedpurposesoftheCharity.DuenotehasbeentakenoftheCharityCommission's general
guidanceon publicbenefitin thesereviewsandin planningfutureactivities.Suchfutureactivitieswillusuallyinvolvethemaking of
grantstootherlocalorganisationsthatrenderassistance,directlyorindirectly,topatientsoftheRoyalLondonHospital. The
Trusteeswillonlysanctionsuchgrantsifadequateinformationisobtainedwhenconsideringgrantrequestsandthat appropriate
reporting will be provided subsequent to a grant being made.
```
## **`ACHIEVEMENT AND PERFORMANCE`**
```
All of the Society'scharitableactivitiesfocuson providingcareand support,directlyand indirectly,for patientsat, or who have been
dischargedfrom,the RoyalLondonHospital(RLH),and thatis deemedto be outsidethe scopeof the NationalHealthService. This
includestangiblesupportforindividualsorforgroupsofpatients,orbywayofgrantstolocalorganisationsthatprovidecare for
them. Grants are also made from time to time to support developments in clinical care that directly benefit patients.
```
```
ThecircumstancesimpactingtheHospitalanditspatientsin2022continuedtobeaffectedbythecoronaviruspandemicofthe 2
previousyears.However,therewere no requestsfor one-offfinancialassistancefromwithinthe Hospitalcommunityduringthe year
as life slowly returned to normal.
```
```
AlthoughthefacilitiesatJamesHoraHomewerewithdrawnforself-caringpatientsandrelativesofpatientsasthepandemic took
holdin2020,theSocietycontinuedtohonouritsagreementtofundanydomesticrequirementsintheHomeandmadeits usual
paymentsto the NHS Trusttowardsstaffingcosts.The overnightfacilitieswere howeverused by key Hospitalstafffrom time to time
during2022,astheyhadbeenintheprevious2years.Laterintheyearthefacilitiesweremadeavailablemoregenerally, though
take up by patients or relatives proved to be very low during this latter period.
```
```
The 'Routesto Roots'project(R2R)operatedby ProvidenceRow (PR) in liaisonwith the HospitalPathwaysTeam at RLH continued
to carryout its valuableroleto prevent,as far as possible,homelesspatientsof the Hospitalbeingdischargedbackontothe streets
of London- despitethe PR team havingto work 'remotely'for partsof the year.The projectalso servesto reducere-admission rates
to the Hospital.The Societymakes a grant to PR to fund some of the staffingcosts of the project,and its Trusteesreceive half-yearly
reportssettingout numbersof patientsreceivingassistanceand sample(anonymous)case studies.The grant made in 2022 under a
3-yearagreementexpiring31stMarch2022,togetherwithanew1-yearagreementfrom1stApril2022,amountedto£78,325. In
addition,the sumof £9,000was alsograntedto PR for assistingR2R clientswithminorcoststo assistwithrehabilitationgiven their
lackoffinancialresources.RegularstatementsarereceivedfromPRsettingouttheamountsandcircumstancesofthe individual
payments made to their clients.
```
```
Duringtheyear,theSocietyalsomadegrantstotalling£15,549toassistpatientsoftheHospitalin59cases.Inaddition, grants
totalling £46,772 were made to local organisations who support RLH patients in various ways, as follows:
```
```
Tower Hamlets Mission £8,500
City and East London Bereavement Service £25,000
Griffin Community Trust £10,000
RLH League of Nurses (Past & Present Nurses) £3,272
```
```
Page 2
```
```
THE MARIE CELESTE SAMARITAN SOCIETY
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022`**
## **`FINANCIAL REVIEW`**
```
TheSocietyhassetoutFinancialStatementsinaccordancewiththecurrentStatementofRecommendedPractice(SORP).In the
opinion of the Trustees, there are sufficient funds to permit the Society to operate in the long term.
```
## **`Reserves Policy`**
```
At31stDecember2022theSociety'snetassetsamountedto£16,250,168(2021- £17,563,122).Thedecreaseinthevalueof the
Society'snetassetsovertheyearis theresultof netlossesin thevalueof itsinvestments,partlymitigatedby an excessof income
overcashoutgoof £110,269(beforedepreciation)overthatperiod.TheSocietyrelieson itsinvestmentsto provideitsincomeas it
receivesnodirectfundinganddoesnotcarryoutfundraisingactivities,althoughitdoesreceivefromtimetotimedonations and
legacies as a result of its support for James Hora Home.
```
```
InvestmentsformasubstantialpartoftheSociety'sreservesand,asstatedbelow,aremanagedbyanindependent investment
manager.TheTrusteesare responsiblefor settinginvestmentpolicyand for monitoringthe performanceof the investment portfolio.
The currentpolicyaimsto preservethe realvalueof the investmentsovertimeas well as generatingan appropriatelevelof income
eachyear.Careistakentoensurethatthereisalwayssufficientliquiditytofundgrantsandadministrativeexpensesfor a
reasonable period if investment conditions deteriorate significantly.
```
```
Asat31stDecember2022,£1,601,321washeldascash,ofwhich£430,095washeldbytheinvestmentmanagerpending future
investment.Thebalanceof£1,171,226wascashheldattheSociety'sbankers,tobeusedforcharitableactivitiesandobjects that
fallwithintheSociety'sremit.Assuch,thislattersumrepresentedabout3timesthelevelofcashoutgo(grantsandexpenses) in
2022. The Trustees aim to ensure that cash readily available always exceeds one year's likely outgo.
```
## **`Investment Policy`**
```
The Society'snew constitutionas a CIO authorisesthe Trusteesto make and alterinvestmentsusingthe CommonInvestment Fund
oftheCIO.Theinvestmentsarecurrentlymanagedbyanindependentprofessionalfundmanagerusinganappropriate nominee
company.
```
```
The objectives set for the fund manager at the beginning of 2022 were as follows:
```
```
Targetannualincomeofatleast£420,000,andatotalreturn(afterfees)overrolling3-yearperiodsandlongerofatleast 3%pa
greaterthanCPIinflationoverthecorrespondingperiods.Theperformanceoftheportfolioisalsomeasuredagainstthatof a
notional benchmark of 52.5% UK equities, 20% overseas equities, 25% UK fixed interest and 2.5% cash.
```
```
In2022,theinvestmentportfoliogeneratedincomeof£447,186whichwas3.6%greaterthanthatgeneratedin2021 (£431,514).
Thishelpedtooffsettosomedegreethedeclinein capitalvaluesexperiencedin 2022,sothetotalreturnachievedbythe portfolio
was-5.7%overtheyear.Thisresultedinanannualisedreturnontheportfoliooverthe5yearsto31stDecember2022of 5.2%,
(3.7%forthe3yearperiod),somewhatbelowtheannualisedrateofinflation(CPI)plus3%paoverthoseperiods(viz6.9% and
8.4%respectively),butaheadofthenotionalbenchmarkovereachoftheseperiods.Thefundmanagercompliedwith general
guidanceonassetmixforinvestmentsandcashsumsheld,andTrusteesexpresstheirthankstothosewhohaveundertaken this
important role for the Society.
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Governing document`**
```
ThecharityisthesuccessortoTheMarieCelesteSamaritanSocietyoftheRoyalLondonHospital,aregisteredcharity (charity
number212048)establishedthroughadeclarationoftrustin1924.ThisCharitableTrust(CT)wassubsequentlyregisteredas a
CharitableIncorporatedOrganisationon 17 December2019. On 30 October2020, all the activities,assets,and liabilitiesof the Trust
were transferred to this Charitable Incorporated Organisation (CIO) through a deed, which now operates under its constitution.
```
## **`Legal Status and Governance`**
```
TheSocietyhad7 Trusteeson theinceptionoftheCIOin December2019,eachofwhomhadeitherbeena Trusteeofthe former
CT or been a memberof its ManagementCommittee,and thereforewere thoroughlyfamiliarwith the Society'sobjectivesand ethos.
Trusteesareappointedinthelightoftheirknowledgeandexperienceofthehealthandsocialcaresectors,particularlyin East
London, or of their expertise in financial and investment matters or of the legal and regulatory environment for charities.
```
```
Page 3
```
## **`THE MARIE CELESTE SAMARITAN SOCIETY`**
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022`**
```
AformalmeetingofTrusteeswasheld(viaZoom)on12thJuly2022toapprovetheSociety'sReportandAccountsfor2021, to
receivereportsfromorganisationsin receiptofgrantsduringthatyearandtoconsiderfurthergrantapplicationsfor2022. Trustees
also met on 24th March 2022 and 28th November2022 to consider(interalia) the Society'sfinancialposition(including investments),
thesituationregardingJamesHoraHomeandparticularneedsarisingwithinandaroundtheRoyalLondonHospital,itsstaff and
patients, in the aftermath of the coronavirus pandemic.
```
## **`Trustees`**
```
At the Trustees'meetingon 24th March2022, Ms Mary (Tosh)Denholmwas appointeda Trusteeof the Society.Ms Denholm began
her nursingcareerin 1974 aftertrainingin Oxford.She took up a Sister'spost in the OutpatientsDepartmentin Whitechapelin 1985
andeventuallybecameOutpatients'MatronfortheRoyalLondon,StBartholomew'sandLondonChestHospitalsbefore official
retirementin 2018andnowworkspart-timeatRoyalLondonHospitalasa SeniorSisterin itsOutpatientsDepartment.Laterin the
year,at the Trustees'meetingon 28th November2022,Dr LouiseLangmeadwas appointeda Trusteeof the Society.Dr Langmead
trainedattheLondonHospitalMedicalSchoolandaftervariousappointmentselsewhere,sheisnowco-leadfor the
GastroenterologyandEndoscopyNetworkforBartsHealthandChairoftheMedicineClinicalBoard.Theseappointments further
strengthentheSociety'scommitmenttotheRoyalLondonHospitalanditspatients.AlsoattheNovembermeeting, Alex
Scott-Barrettand David Thomaswere re-appointedas Trusteesfor a further3 years followingcompletionof their initialterms on 16th
December 2022.
```
## **`Risk Statement`**
```
The Trusteesreviewall aspectsof the Society'sfinancesand will take whateveractionis appropriateto protectthe Society's financial
position. The risk statement is reviewed annually, or more frequently should the need arise.
```
## **`TRUSTEES' RESPONSIBILITY STATEMENT`**
```
The trusteesare responsiblefor preparingthe Reportof the Trusteesand the financialstatementsin accordancewith applicable law
and UnitedKingdomAccountingStandards(UnitedKingdomGenerallyAcceptedAccountingPractice)includingFinancial Reporting
Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
```
```
The law applicableto charitiesin Englandand Wales,the CharitiesAct 2011,Charity(Accountsand Reports)Regulations2008 and
the provisionsof the trustdeed requiresthe trusteesto preparefinancialstatementsfor each financialyear which give a true and fair
viewofthestateofaffairsofthecharityandoftheincomingresourcesandapplicationofresources,includingtheincome and
expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
```
- `select suitable accounting policies and then apply them consistently;`
- `observe the methods and principles in the Charity SORP;`
- `make judgements and estimates that are reasonable and prudent;`
- `state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;`
- `prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.`
```
Thetrusteesareresponsibleforkeepingproperaccountingrecordswhichdisclosewithreasonableaccuracyatanytime the
financialpositionofthecharityandtoenablethemtoensurethatthefinancialstatementscomplywiththeCharitiesAct2011, the
Charity(AccountsandReports)Regulations2008andtheprovisionsofthetrustdeed.Theyarealsoresponsiblefor safeguarding
the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
```
```
Approved by order of the board of trustees on 17 July 2023 and signed on its behalf by:
```
```
D G Thomas - Trustee
```
```
Page 4
```
## **`REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE MARIE CELESTE SAMARITAN SOCIETY`**
## **`Opinion`**
```
WehaveauditedthefinancialstatementsofTheMarieCelesteSamaritanSociety(the'charity')fortheyear ended
31 December2022 whichcomprisethe Statementof FinancialActivities,the Statementof FinancialPosition,the Statementof Cash
Flowsandnotestothefinancialstatements,includingasummaryofsignificantaccountingpolicies.Thefinancial reporting
frameworkthathasbeenappliedintheirpreparationisapplicablelawandUnitedKingdomAccountingStandards(United Kingdom
GenerallyAcceptedAccountingPractice),includingFinancialReportingStandard102'TheFinancialReportingStandard applicable
in the UK and Republic of Ireland'.
```
```
In our opinion the financial statements:
```
- `give a true and fair view of the state of the charity's affairs as at 31 December 2022 and of its incoming resources and application of resources, for the year then ended;`
- `have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'; and`
- `have been prepared in accordance with the requirements of the Charities Act 2011.`
## **`Basis for opinion`**
```
WeconductedourauditinaccordancewithInternationalStandardsonAuditing(UK)(ISAs(UK))andapplicablelaw. Our
responsibilitiesunderthosestandardsarefurtherdescribedintheAuditors'responsibilitiesfortheauditofthefinancial statements
sectionof our report.We are independentof the charityin accordancewith the ethicalrequirementsthatare relevantto our audit of
thefinancialstatementsintheUK,includingtheFRC'sEthicalStandard,andwehavefulfilledourotherethicalresponsibilities in
accordancewith theserequirements.We believethatthe auditevidencewe have obtainedis sufficientand appropriateto provide a
basis for our opinion.
```
## **`Conclusions relating to going concern`**
```
Inauditingthefinancialstatements,wehaveconcludedthatthetrustees'useofthegoingconcernbasisofaccountingin the
preparation of the financial statements is appropriate.
```
```
Basedontheworkwehaveperformed,wehavenotidentifiedanymaterialuncertaintiesrelatingtoeventsorconditions that,
individuallyorcollectively,maycastsignificantdoubtonthecharity'sabilitytocontinueasagoingconcernforaperiodofat least
twelve months from when the financial statements are authorised for issue.
```
```
Our responsibilitiesand the responsibilitiesof the trusteeswith respectto going concernare describedin the relevantsectionsof this
report.
```
## **`Other information`**
```
Thetrusteesareresponsiblefortheotherinformation.Theotherinformationcomprisestheinformationincludedinthe Annual
Report, other than the financial statements and our Report of the Independent Auditors thereon.
```
```
Ouropiniononthefinancialstatementsdoesnotcovertheotherinformationand,excepttotheextentotherwiseexplicitlystated in
our report, we do not express any form of assurance conclusion thereon.
```
```
In connectionwithourauditof thefinancialstatements,ourresponsibilityis to readtheotherinformationand,in doingso, consider
whethertheotherinformationismateriallyinconsistentwiththefinancialstatementsorourknowledgeobtainedintheaudit or
otherwiseappearsto be materiallymisstated.If we identifysuch materialinconsistenciesor apparentmaterialmisstatements,we are
requiredto determinewhetherthis gives rise to a materialmisstatementin the financialstatementsthemselves.If, based on the work
wehaveperformed,weconcludethatthereisa materialmisstatementofthisotherinformation,wearerequiredtoreportthat fact.
We have nothing to report in this regard.
```
## **`Matters on which we are required to report by exception`**
```
We have nothingto reportin respectof the followingmatterswherethe Charities(Accountsand Reports)Regulations2008 requires
us to report to you if, in our opinion:
```
- `the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or`
- `sufficient accounting records have not been kept; or`
- `the financial statements are not in agreement with the accounting records and returns; or`
- `we have not received all the information and explanations we require for our audit.`
```
Page 5
```
## **`REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE MARIE CELESTE SAMARITAN SOCIETY`**
## **`Responsibilities of trustees`**
```
AsexplainedmorefullyintheTrustees'ResponsibilitiesStatement,thetrusteesareresponsibleforthepreparationofthe financial
statementswhichgiveatrueandfairview,andforsuchinternalcontrolasthetrusteesdetermineisnecessarytoenable the
preparation of financial statements that are free from material misstatement, whether due to fraud or error.
```
```
In preparingthefinancialstatements,thetrusteesareresponsibleforassessingthecharity'sabilityto continueas a going concern,
disclosing,asapplicable,mattersrelatedtogoingconcernandusingthegoingconcernbasisofaccountingunlessthe trustees
either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
```
## **`Our responsibilities for the audit of the financial statements`**
```
We have been appointedas auditorsunder Section144 of the CharitiesAct 2011 and reportin accordancewith the Act and relevant
regulations made or having effect thereunder.
```
```
Ourobjectivesaretoobtainreasonableassuranceaboutwhetherthefinancialstatementsasawholearefreefrom material
misstatement,whetherduetofraudorerror,andtoissueaReportoftheIndependentAuditorsthatincludesour opinion.
Reasonableassuranceis a high levelof assurance,but is not a guaranteethat an auditconductedin accordancewith ISAs (UK) will
alwaysdetectamaterialmisstatementwhenitexists.Misstatementscanarisefromfraudorerrorandareconsideredmaterial if,
individuallyor in theaggregate,theycouldreasonablybe expectedto influencetheeconomicdecisionsof userstakenon the basis
of these financial statements.
```
```
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
```
- `Discussions with the trustees and management, including consideration of known or suspected instances of non-compliance with`
- `laws and regulation and fraud;`
- `Evaluation of management's internal controls designed to prevent and detect irregularities;`
- `Reading key correspondence with the Charity Commission in relation to compliance with laws and regulations;`
- `Reviewing relevant meeting minutes;`
- `Procedures relating to the valuation of investments and vouching with third party confirmations.`
- `Identifying and testing journal entries, in particular any journal entries posted with unusual account combinations impacting`
- `revaluation; and`
- `Designing audit procedures to incorporate unpredictability around the nature, timing or extent of our testing.`
```
AfurtherdescriptionofourresponsibilitiesfortheauditofthefinancialstatementsislocatedontheFinancialReporting Council's
website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
```
## **`Use of our report`**
```
Thisreportismadesolelytothecharity'strustees,asabody,inaccordancewithPart4oftheCharities(Accountsand Reports)
Regulations2008. Our audit work has been undertakenso that we might state to the charity'strusteesthose matterswe are required
to stateto themin an auditors'reportandforno otherpurpose.To thefullestextentpermittedby law,we do notacceptor assume
responsibilitytoanyoneotherthanthecharityandthecharity'strusteesasabody,forourauditwork,forthisreport,orfor the
opinions we have formed.
```
```
Barrow LLP
Statutory Auditor
Chartered Accountants
Jackson House
Station Road
Chingford
London
E4 7BU
```
```
17 July 2023
```
```
Page 6
```
## **`THE MARIE CELESTE SAMARITAN SOCIETY`**
## **`STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022`**
|`Notes`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`3`
`Investment income`
`4`
**`Total`**
**`EXPENDITURE ON`**
`Raising funds`
`5`
**`Charitable activities`**
`6`
`General`
**`Total`**
`Net gains/(losses) on investments`
**`NET INCOME/(EXPENDITURE)`**
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
**`TOTAL FUNDS CARRIED FORWARD`**
**`CONTINUING OPERATIONS`**|`31.12.22`
`Unrestricted`
`fund`
`£`
`3,555`
`448,321`
`451,876`
`207,151`
`166,306`
`373,457`
`(1,391,373)`
`(1,312,954)`
`17,563,122`
`16,250,168`|`31.12.21`
`Total`
`funds`
`as restated`
`£`
`1,346`
`431,567`|
|---|---|---|
|||`432,913`|
|||`216,399`
`162,080`|
|||`378,479`|
|||`1,513,175`|
|||`1,567,609`
`15,995,513`|
|||`17,563,122`|
||||
```
All income and expenditure has arisen from continuing activities.
```
```
The notes form part of these financial statements
```
```
Page 7
```
## **`THE MARIE CELESTE SAMARITAN SOCIETY`**
## **`STATEMENT OF FINANCIAL POSITION 31 DECEMBER 2022`**
|`Notes`
**`FIXED ASSETS`**
`Tangible assets`
`13`
`Investments`
`14`
**`CURRENT ASSETS`**
`Debtors`
`15`
`Cash at bank`
**`CREDITORS`**
`Amounts falling due within one year`
`16`
**`NET CURRENT ASSETS`**
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
**`CREDITORS`**
`Amounts falling due after more than one year`
`17`
**`NET ASSETS`**
**`FUNDS`**
`18`
`Unrestricted funds`
**`TOTAL FUNDS`**|`31.12.22`
`Unrestricted`
`fund`
`£`
`-`
`14,614,344`
`14,614,344`
`636,027`
`1,601,321`
`2,237,348`
`(214,722)`
`2,022,626`
`16,636,970`
`(386,802)`
`16,250,168`
`16,250,168`
`16,250,168`|`31.12.21`
`Total`
`funds`
`as restated`
`£`
`31,850`
`15,711,036`|
|---|---|---|
|||`15,742,886`
`253,870`
`1,774,644`|
|||`2,028,514`
`(208,278)`|
|||`1,820,236`|
|||`17,563,122`
`-`|
|||`17,563,122`|
|||`17,563,122`|
|||`17,563,122`|
```
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon 17 July2023andweresignedon its
behalf by:
```
```
D G Thomas - Trustee
```
```
T J Palmer - Trustee
```
```
The notes form part of these financial statements
```
```
Page 8
```
## **`THE MARIE CELESTE SAMARITAN SOCIETY`**
## **`STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2022`**
|`Notes`
**`Cash flows from operating activities`**
`Cash generated from operations`
`20`
`Net cash used in operating activities`
**`Cash flows from investing activities`**
`Purchase of fixed asset investments`
`Sale of fixed asset investments`
`Interest received`
`Dividends received`
`Net cash provided by investing activities`
**`Change in cash and cash equivalents in the`**
**`reporting period`**
**`Cash and cash equivalents at the beginning`**
**`of the reporting period`**
**`Cash and cash equivalents at the end of the`**
**`reporting period`**|`31.12.22`
`£`
`(326,963)`
`(326,963)`
`(1,650,374)`
`1,355,693`
`1,135`
`447,186`
`153,640`
`(173,323)`
`1,774,644`
`1,601,321`|`31.12.21`
`as restated`
`£`
`(361,172)`
`(361,172)`
`(1,133,471)`
`971,577`
`53`
`431,514`
`269,673`
`(91,499)`
`1,866,143`
`1,774,644`|
|---|---|---|
```
The notes form part of these financial statements
```
```
Page 9
```
```
THE MARIE CELESTE SAMARITAN SOCIETY
```
## **`NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022`**
## **`1. ACCOUNTING POLICIES`**
## **`Basis of preparing the financial statements`**
```
Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,havebeenpreparedin accordance
with the CharitiesSORP (FRS 102) 'Accountingand Reportingby Charities:Statementof RecommendedPractice applicable
to charitiespreparingtheiraccountsin accordancewiththe FinancialReportingStandardapplicablein the UK and Republic
ofIreland(FRS102)(effective1January2019)',FinancialReportingStandard102'TheFinancialReporting Standard
applicableintheUKandRepublicofIreland'andtheCharitiesAct2011.Thefinancialstatementshavebeen prepared
underthehistoricalcostconvention,withtheexceptionofinvestmentswhichareincludedatmarketvalue,asmodified by
the revaluation of certain assets.
```
```
TheCharityconstitutesapublicbenefitentityasdefinedbyFRS102andisregisteredbyTheCharityCommission of
EnglandandWalesundera TrustDeed.Thecharity'sregisterednumberandregisteredofficecanbe foundon the general
information page 1. The presentation currency of the financial statements is the Pound Sterling (£).
```
## **`Income`**
```
All incomingresourcesare includedin the Statementof FinancialActivities(SoFA)whenthe charityis legallyentitledto the
incomeafteranyperformanceconditionshavebeenmet,theamountcanbemeasuredreliably,anditisprobablethat the
income will be received.
```
```
Subscriptions and deposit interest are credited when due, voluntary income, donations and legacies when received.
```
## **`Expenditure`**
```
Allexpenditureisaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregateall costs
relatedto the category.Expenditureis recognisedwhere there is a legal or constructiveobligationto make paymentsto third
parties, it is probable that the settlement will be required, and the amount of the obligation can be measured reliably.
```
```
Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.
```
```
Grantspayableto third partiesare within the charitableobjectives.Where unconditionalgrantsare offered,this is accrued as
soonas therecipientis notifiedof thegrant,as thisgivesriseto a reasonableexpectationthattherecipientwillreceive the
grants.Wheregrantsareconditionalrelatingtoperformancethenthegrantisonlyaccruedwhenanyunfulfilled conditions
are outside of the control of the charity.
```
```
ItistheSociety'spolicytoallowoneyearfromthedateofapprovalforgrantstobeclaimed.Ifthegrantsarenot claimed
within this time limit then they are withdrawn.
```
```
Grantsofferedsubjecttoconditionswhichhavenotbeenmetattheyearenddatearenotedasacommitmentbut not
accrued as expenditure.
```
## **`Support and governance costs allocation`**
```
Supportcosts are those that assistthe work of the charitybut do not directlyrepresentcharitableactivitiesand include office
costs,governancecosts,administrativeand payrollcosts.They are incurreddirectlyin supportof expenditureon the objects
ofthecharity.Wheresupportcostscannotbedirectlyattributedtoparticularheadingstheyhavebeenallocated to
expenditureon charitableactivitieson a basisconsistentwithuseof theresources.An allocationof 70% togrants payable
and 30% to directly provided services has been used.
```
## **`Tangible fixed assets`**
```
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
```
```
Development costs- over the term of the lease
```
## **`Taxation`**
```
The charity is exempt from tax on its charitable activities.
```
```
Page 10
```
```
THE MARIE CELESTE SAMARITAN SOCIETY
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022`**
## **`1. ACCOUNTING POLICIES - continued`**
## **`Structure of funds`**
```
Unrestrictedincomefundscomprisethosefundswherethedonorhasnotissuedaspecificrequestforwhichthe funds
shouldbe used.Thesefundsmaythenbe usedforanypurposein furtheranceof thecharitableobjects.Unrestricted funds
can includedesignatedfundswherea donor may have made a non-bindingrequest,or the Trusteeshave createda fund for
a specific purpose.
```
```
Wherethereis a legalrestriction,or oneimposedby thedonoron thepurposeto whichfundsmaybe put,theyare treated
asrestrictedfunds.Fundswherethecapitalisheldtogenerateincomeforcharitablepurposesandcannotthemselves be
spentareaccountedforasendowmentfunds.Thecharityhadnoendowmentfundsduringthefinancialyear.Other funds
are classified as unrestricted funds.
```
## **`Management and administration expenditure`**
```
Expenditureonmanagementandadministrationofthecharityincludesallexpenditurenotdirectlyrelatedtothe charitable
activity. This includes the day to day running of the charity, audit fees and administrative staff salaries.
```
## **`Fixed assets investments`**
```
Investment of quoted stocks and shares are included in the statement of financial position at market value, ex-dividend.
```
## **`Realised gains and losses`**
```
AllgainsandlossesaretakentotheStatementofFinancialActivitiesastheyarise.Realisedgainsandlosses on
investmentsare calculatedon the differencebetweensale proceedsand openingmarketvalue(or date of purchaseif later).
Unrealisedgainsandlossesoninvestmentsarecalculatedasthedifferencebetweenmarketvalueattheyear-end and
opening market value (or date of purchase if later).
```
```
In accordance with the new SORP 2015 (FRS102), the net gains and losses are shown under the heading for expenditure.
```
## **`Debtors and creditors receivable / payable within one year`**
```
Debtorsandcreditorswithnostatedinterestrateandreceivableorpayablewithinoneyeararerecordedat transaction
price. Any losses arising from impairment are recognised in expenditure.
```
## **`Going concern`**
```
TheTrusteesconsiderthattherearenomaterialuncertaintiesabouttheSociety'sabilitytocontinueasagoing concern.
Therefore,thefinancialstatementshavebeenpreparedon a goingconcernbasis.TheTrusteeshaveconsideredthe level
offundsheldandtheexpectedlevelofincomeandexpenditurefor12 monthsfromauthorisingthesefinancial statements.
Thebudgetedincomeandexpenditurearesufficientwiththelevelofreservesforthecharitytobeabletocontinueas a
going concern.
```
## **`2. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY`**
```
Withrespecttothenextreportingperiod2023,themostsignificantareaofuncertaintythataffectsthecarryingvalue of
assetsheldbytheSocietyarethelevelofinvestmentreturnparticularlyfrominvestmentincomeandtheperformance of
investmentmarkets(seetheinvestmentpolicyandperformanceandriskmanagementsectionsoftheTrustees' annual
report for more information).
```
```
Page 11
```
## **`THE MARIE CELESTE SAMARITAN SOCIETY`**
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022`**
## **`3. DONATIONS AND LEGACIES`**
|**`DONATIONS AND LEGACIES`**|||
|---|---|---|
||`31.12.22`|`31.12.21`|
|||`as restated`|
||`Unrestricted`|`Total`|
||`funds`|`funds`|
||`£`|`£`|
|`Donations`|`3,555`|`1,321`|
|`Annual subscriptions`|`-`|`25`|
||`3,555`|`1,346`|
|**`INVESTMENT INCOME`**|||
||`31.12.22`|`31.12.21`|
|||`as restated`|
||`Unrestricted`|`Total`|
||`funds`|`funds`|
||`£`|`£`|
|`Investment income`|`447,186`|`431,514`|
|`Deposit account interest`|`1,135`|`53`|
||`448,321`|`431,567`|
|**`RAISING FUNDS`**|||
|**`Raising donations and legacies`**|||
||`31.12.22`|`31.12.21`|
|||`as restated`|
||`Unrestricted`|`Total`|
||`funds`|`funds`|
||`£`|`£`|
|`James Hora Home (JHH)`|`80,171`|`80,723`|
|`Depreciation`|`31,850`|`31,851`|
|`Support costs`|`38,873`|`49,963`|
||`150,894`|`162,537`|
```
4.INVESTMENT INCOME
```
## **`5. RAISING FUNDS Raising donations and legacies`**
## **`Investment management costs`**
|**`Investment management costs`**|||
|---|---|---|
||`31.12.22`|`31.12.21`|
|||`as restated`|
||`Unrestricted`|`Total`|
||`funds`|`funds`|
||`£`|`£`|
|`Portfolio management`|`45,908`|`44,692`|
|`Investment advice`|`7,364`|`6,275`|
|`Safe custody`|`2,985`|`2,895`|
||`56,257`|`53,862`|
|`Aggregate amounts`|`207,151`|`216,399`|
```
Page 12
```
## **`THE MARIE CELESTE SAMARITAN SOCIETY`**
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022`**
## **`6. CHARITABLE ACTIVITIES COSTS`**
|**`6.`**
**`CHARITABLE ACTIVITIES COSTS`**||||
|---|---|---|---|
|`General`
**`7.`**
**`GRANTS PAYABLE`**
`General`
`The total grants paid to institutions during the year was as follows:`
`The Tower Hamlets Mission`
`The City and East London Bereavement`
`The Griffin Community Trust`
`Providence Row`
`Past & Present Nurses`
`COVID19 - fruit grant`
`Livery kitchen`
`BARTS charity (Special purpose funds)`
`COVID19 - Gift hampers`
`The total grants paid to individuals during the year was as follows:`
`Clothing fund`
`Samaritan help`|`Grant`
`funding of`
`activities`
`Support`
`(see note`
`costs (see`
`7)`
`note 8)`
`Totals`
`£`
`£`
`£`
`149,646`
`16,660`
`166,306`
`31.12.22`
`31.12.21`
`as restated`
`£`
`£`
`149,646`
`157,881`
`31.12.22`
`31.12.21`
`as restated`
`£`
`£`
`8,500`
`20,175`
`25,000`
`25,000`
`10,000`
`10,000`
`87,325`
`69,975`
`3,272`
`3,269`
`-`
`1,500`
`-`
`10,000`
`-`
`1,500`
`-`
`405`
`134,097`
`141,824`
`31.12.22`
`31.12.21`
`as restated`
`£`
`£`
`1,050`
`700`
`14,499`
`15,357`
`15,549`
`16,057`|`Totals`
`£`
`166,306`||
||||`16,057`|
```
Page 13
```
```
THE MARIE CELESTE SAMARITAN SOCIETY
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022`**
## **`8. SUPPORT COSTS`**
|**`SUPPORT COSTS`**||||
|---|---|---|---|
|||`Governance`||
||`Management`|`costs`|`Totals`|
||`£`|`£`|`£`|
|`Raising donations and legacies`|`2,080`|`36,793`|`38,873`|
|`General`|`891`|`15,769`|`16,660`|
||`2,971`|`52,562`|`55,533`|
|`Activity`|`Basis of allocation`|||
|`Management`|`An allocation of 70% to grants payable and 30% to directly provided`||`services.`|
|`Governance costs`|`An allocation of 70% to grants payable and 30% to directly provided`||`services.`|
```
Support costs, included in the above, are as follows:
```
||||`31.12.22`|`31.12.21`|
|---|---|---|---|---|
|||||`as restated`|
||`Raising`||||
||`donations`||||
||`and`||`Total`|`Total`|
||`legacies`|`General`|`activities`|`activities`|
||`£`|`£`|`£`|`£`|
|`Self employed costs`|`1,520`|`652`|`2,172`|`3,258`|
|`Insurance`|`313`|`134`|`447`|`447`|
|`Postage and stationery`|`141`|`60`|`201`|`443`|
|`Sundries`|`106`|`45`|`151`|`51`|
|`Pensions - Past employees`|`28,120`|`12,052`|`40,172`|`39,811`|
|`Auditors' remuneration`|`8,505`|`3,645`|`12,150`|`9,912`|
|`Auditors' remuneration for non audit work`|`168`|`72`|`240`|`240`|
||`38,873`|`16,660`|`55,533`|`54,162`|
## **`9. TRUSTEES' REMUNERATION AND BENEFITS`**
```
The Trustees neither received nor waived any remuneration during the year.
```
```
The Trustees did not have any expenses reimbursed during the year.
```
## **`Trustees' expenses`**
```
There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.
```
## **`10. STAFF COSTS`**
```
The average monthly number of employees during the period was Nil.
```
```
No employees received emoluments in excess of £60,000.
```
```
Page 14
```
## **`THE MARIE CELESTE SAMARITAN SOCIETY`**
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022`**
## **`11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
|**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`Investment income`
**`Total`**
**`EXPENDITURE ON`**
`Raising funds`
**`Charitable activities`**
`General`
**`Total`**
`Net gains on investments`
**`NET INCOME`**
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
**`TOTAL FUNDS CARRIED FORWARD`**|`Unrestricted`
`fund`
`as restated`
`£`
`1,346`
`431,567`|
|---|---|
||`432,913`|
||`216,399`
`162,080`|
||`378,479`|
||`1,513,175`|
||`1,567,609`
`15,995,513`|
||`17,563,122`|
## **`12. PRIOR YEAR ADJUSTMENT`**
```
TheTrusteeshaveundertakena reviewoftheaccountingpolicypertainingtograntcommitments.Afterdue consideration,
theyhavedeemedthatitismoreappropriatetoprovidethegrantcommitmentsratherthanpurelydisclosing them.
Consequently,the2021accountshavebeenrestatedbyprovidingforsuchgrantcommitments.Sincethesegrants were
payable in the 2022 year, they are provided in the accruals. As a result, there is no impact to the surplus for the prior year.
```
```
Page 15
```
```
THE MARIE CELESTE SAMARITAN SOCIETY
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022`**
## **`13. TANGIBLE FIXED ASSETS`**
|**`TANGIBLE FIXED ASSETS`**||
|---|---|
||`Development`|
||`costs`|
||`£`|
|**`COST`**||
|`At 1 January 2022 and 31 December 2022`|`627,626`|
|**`DEPRECIATION`**||
|`At 1 January 2022`|`595,776`|
|`Charge for year`|`31,850`|
|`At 31 December 2022`|`627,626`|
|**`NET BOOK VALUE`**||
|`At 31 December 2022`|`-`|
|`At 31 December 2021`|`31,850`|
```
The above represents the society's capital contribution to the NHS Trust for the refurbishment of Horace Evans House.
```
## **`14. FIXED ASSET INVESTMENTS`**
|**`MARKET VALUE`**
`At 1 January 2022`
`Additions`
`Disposals`
`Revaluations`
`At 31 December 2022`
**`NET BOOK VALUE`**
`At 31 December 2022`
`At 31 December 2021`|`Listed`
`investments`
`£`
`15,711,036`
`1,650,374`
`(1,451,861)`
`(1,295,205)`
`14,614,344`
`14,614,344`
`15,711,036`|
|---|---|
```
ThemajorityoftheinvestmentsareinsecuritiesissuedbyUKdomiciledissuers,althoughanumberinvestinor have
activities outside the UK.
```
```
The Society does not have any material investment holdings that require separate disclosure.
```
```
Cost or valuation at 31 December 2022 is represented by:
```
|`Valuation in 2019`
`Valuation in 2020`
`Valuation in 2021`
`Valuation in 2022`|`Listed`
`investments`
`£`
`12,828,088`
`1,207,879`
`1,675,069`
`(1,096,692)`
`14,614,344`|
|---|---|
```
Page 16
```
## **`THE MARIE CELESTE SAMARITAN SOCIETY`**
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022`**
## **`15. DEBTORS`**
|`Amounts falling due within one year:`
`Grants prepaid`
`Other debtors`
`Accrued investment income`
`Amounts falling due after more than one year:`
`Grants prepaid`
`Aggregate amounts`
**`16.`**
**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Grants payable`
`Taxation and social security`
`Other creditors`
**`17.`**
**`CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR`**
`Grants payable`
**`18.`**
**`MOVEMENT IN FUNDS`**
`At 1.1.22`
`£`
**`Unrestricted funds`**
`General fund`
`17,563,122`
**`TOTAL FUNDS`**
`17,563,122`|`31.12.22`
`£`
`184,560`
`555`
`64,110`
`249,225`
`386,802`
`636,027`
`31.12.22`
`£`
`169,032`
`643`
`45,047`
`214,722`
`31.12.22`
`£`
`386,802`
`Net`
`movement`
`in funds`
`£`
`(1,312,954)`
`(1,312,954)`|`31.12.21`
`as restated`
`£`
`198,325`
`100`
`55,445`
`253,870`
`-`
`253,870`
`31.12.21`
`as restated`
`£`
`184,245`
`617`
`23,416`
`208,278`
`31.12.21`
`as restated`
`£`
`-`
`At`
`31.12.22`
`£`
`16,250,168`|
|---|---|---|
|||`16,250,168`|
```
Page 17
```
## **`THE MARIE CELESTE SAMARITAN SOCIETY`**
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022`**
## **`18. MOVEMENT IN FUNDS - continued`**
```
Net movement in funds, included in the above are as follows:
```
|**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`451,876`
`451,876`|`Resources`
`expended`
`£`
`(373,457)`
`(373,457)`|`Gains and`
`losses`
`£`
`(1,391,373)`
`(1,391,373)`|`Movement`
`in funds`
`£`
`(1,312,954)`|
|---|---|---|---|---|
|||||`(1,312,954)`|
## **`Comparatives for movement in funds`**
|**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`At 1.1.21`
`£`
`15,995,513`
`15,995,513`|`Net`
`movement`
`in funds`
`£`
`1,567,609`
`1,567,609`|`At`
`31.12.21`
`£`
`17,563,122`|
|---|---|---|---|
||||`17,563,122`|
```
Comparative net movement in funds, included in the above are as follows:
```
|**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`432,913`
`432,913`|`Resources`
`expended`
`£`
`(378,479)`
`(378,479)`|`Gains and`
`losses`
`£`
`1,513,175`
`1,513,175`|`Movement`
`in funds`
`£`
`1,567,609`|
|---|---|---|---|---|
|||||`1,567,609`|
```
A current year 12 months and prior year 12 months combined position is as follows:
```
|**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`At 1.1.21`
`£`
`15,995,513`
`15,995,513`|`Net`
`movement`
`in funds`
`£`
`254,655`
`254,655`|`At`
`31.12.22`
`£`
`16,250,168`|
|---|---|---|---|
||||`16,250,168`|
```
Page 18
```
## **`THE MARIE CELESTE SAMARITAN SOCIETY`**
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022`**
## **`18. MOVEMENT IN FUNDS - continued`**
```
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
```
|**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`884,789`
`884,789`|`Resources`
`expended`
`£`
`(751,936)`
`(751,936)`|`Gains and`
`losses`
`£`
`121,802`
`121,802`|`Movement`
`in funds`
`£`
`254,655`|
|---|---|---|---|---|
|||||`254,655`|
## **`19. RELATED PARTY DISCLOSURES`**
```
There were no related party transactions for the year ended 31 December 2022.
```
## **`20. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES`**
|**`Net (expenditure)/income for the reporting period (as per the Statement of`**
**`Financial Activities)`**
**`Adjustments for:`**
`Depreciation charges`
`Losses/(gain) on investments`
`Interest received`
`Dividends received`
`Increase in debtors`
`Increase in creditors`
**`Net cash used in operations`**|`31.12.22`
`£`
`(1,312,954)`
`31,850`
`1,391,373`
`(1,135)`
`(447,186)`
`(382,157)`
`393,246`
`(326,963)`|`31.12.21`
`as restated`
`£`
`1,567,609`
`31,851`
`(1,513,175)`
`(53)`
`(431,514)`
`(197,328)`
`181,438`|
|---|---|---|
|||`(361,172)`|
## **`21. ANALYSIS OF CHANGES IN NET FUNDS`**
|**`Net cash`**
`Cash at bank`
**`Total`**|`At 1.1.22`
`£`
`1,774,644`
`1,774,644`
`1,774,644`|`Cash flow`
`£`
`(173,323)`
`(173,323)`
`(173,323)`|`At 31.12.22`
`£`
`1,601,321`|
|---|---|---|---|
||||`1,601,321`|
||||`1,601,321`|
```
Page 19
```
```
THE MARIE CELESTE SAMARITAN SOCIETY
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022`**
## **`22. JAMES HORA HOMES`**
```
TheSocietyenteredintoanagreementwithBartsandTheLondonNHSTrustregardingJamesHoraHomein February
2003, with a contributionof £80,000per annumfor at least the subsequent20 years.The NHS Trusthas a lease agreement
onthepropertythatexpiresinMarch2026,andhasagreedtopermittheSocietytocontinueutilisingJamesHora Home
until that time at the same level of contribution.
```
## **`23. POST BALANCE SHEET NON-ADJUSTING EVENT`**
```
Owingtothecurrenteconomicconditions,themarketvalueofthecommoninvestmentfundsatthedateofthedrafting of
these accounts was £15,115,505.
```
```
Page 20
```
## **`THE MARIE CELESTE SAMARITAN SOCIETY`**
||**`DETAILED STATEMENT OF FINANCIAL ACTIVITIES`**|||
|---|---|---|---|
||**`FOR THE YEAR ENDED 31 DECEMBER 2022`**|||
|||`31.12.22`|`31.12.21`|
|||`Unrestricted`|`Total`|
|||`funds`|`funds`|
||||`as restated`|
|||`£`|`£`|
|**`INCOME AND ENDOWMENTS`**||||
|**`Donations and legacies`**||||
|`Donations`||`3,555`|`1,321`|
|`Annual subscriptions`||`-`|`25`|
|||`3,555`|`1,346`|
|**`Investment income`**||||
|`Investment income`||`447,186`|`431,514`|
|`Deposit account interest`||`1,135`|`53`|
|||`448,321`|`431,567`|
|**`Total incoming resources`**||`451,876`|`432,913`|
|**`EXPENDITURE`**||||
|**`Raising donations and legacies`**||||
|`James Hora Home (JHH)`||`80,171`|`80,723`|
|`Amortisation charge (JHH)`||`31,850`|`31,851`|
|||`112,021`|`112,574`|
|**`Investment management costs`**||||
|`Portfolio management`||`45,908`|`44,692`|
|`Investment advice`||`7,364`|`6,275`|
|`Safe custody`||`2,985`|`2,895`|
|||`56,257`|`53,862`|
|**`Charitable activities`**||||
|`Grants to institutions`||`134,097`|`141,824`|
|`Grants to individuals`||`15,549`|`16,057`|
|||`149,646`|`157,881`|
|**`Support costs`**||||
|**`Management`**||||
|`Self employed costs`||`2,172`|`3,258`|
|`Insurance`||`447`|`447`|
|`Postage and stationery`||`201`|`443`|
|`Sundries`||`151`|`51`|
|||`2,971`|`4,199`|
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## **`THE MARIE CELESTE SAMARITAN SOCIETY`**
## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022`**
||`31.12.22`|`31.12.21`|
|---|---|---|
||`Unrestricted`|`Total`|
||`funds`|`funds`|
|||`as restated`|
||`£`|`£`|
|**`Management`**|||
|**`Governance costs`**|||
|`Pensions - Past employees`|`40,172`|`39,811`|
|`Auditors' remuneration`|`12,150`|`9,912`|
|`Auditors' remuneration for non audit work`|`240`|`240`|
||`52,562`|`49,963`|
|`Total resources expended`|`373,457`|`378,479`|
|**`Net income before gains and losses`**|`78,419`|`54,434`|
|**`Realised recognised gains and losses`**|||
|`Realised gains/(losses) on fixed asset investments`|`(96,168)`|`59,166`|
|**`Net income`**|`(17,749)`|`113,600`|
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