2022-12-31-accounts - The Hospital Of St John The Baptist

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Trustees		David Wilson (Chairman	David Wilson (Chairman	—from 28 October 2022)	—from 28 October 2022)
		Graham Monro Bates (died September 2022)
		James Dove (appointed		27 January 2023)
		Harry Fowler
		Simon Lousada (appointed 27January 2023)
		Christine McHugh (resigned 17April 2023)
		John Mingay (appointed		4 July 2023)
		Raj Regmi (appointed	28 January 2022)
		Wendy Rider (resigned	4 July		2023)
		Terence Roger Rigby (resigned 24 April 2023)
		Robert Rigby (appointed		4 July 2023)
		Andrea Spice (appointed		4 July 2023)
		Jane Walker (appointed		4 July 2023)
		John Wheeler
Clerk		Kynaston Limited
Charity number		200176
Principal Address		5Connaught Way
		Bedford MK41 7LB
Auditors		HW East Midlands Audit		LLP
		Woburn Court, 2 Railton		Road
		Woburn Road Ind Est
		Kempston
		Bedford MK42 7PN
Bankers		HSBC Bank Pic
		12Allhallows
		Bedford MK40 1LJ
Solicitors		Palmers
		Hassett Chambers
		Hassett Street
		Bedford MK40 1WG
Investment	Advisers	HSBC Global Asset Management
		78StJames's Street
		London SW1A1HL
		Harpur Wealth Management			Ltd
		19Goldington Road
		Bedford MK40 3JY
		Brewin Dolphin Ltd
		12Smithfield Street
		London EC1A9BD
Surveyors		Kirkby Diamond 1"Floor West, Clifton	House
		4A Goldington Road
		Bedford MK40 3NF

							As restated
				2022	2022	2022	2021
				UnrestrictedEndowment		Total	Total
				Funds	Funds	Funds	Funds
			Notes		6	K	E
Income and endowments		from:
Donations and legacies
Investments				327,798		327,798	306,251
Total income				327,798		327,798	306,251
Expenditure on:
Costs of raising funds:
Investment management		costs		23,411		23,411	9,379
Expenditure on charitable		activities:
Grant making				233,873		233,873	203,204
Property management				23,054		23,054	48,565
Total expenditure				280,338		280,338	261,148
Net gains/(losses)	on investments			(164,081)	(8,709)	(172,790)	94,341
(Losses) on revaluation of
investment property			12				(240,000)
Net income				(116,621)	(8,709)	(125,330)	(100,556)
Transfers between	funds		16
Net movement In	funds for the year			(116,621)	(8,709)	(125,330)	(100,556)
Reconciliation of	funds:
Total funds brought	forward			1,769,130	4,406,080	6,175,210	6,275,766
Total funds carried forward			15,16,17	1,652,509	4,397,371	6,049,880	6,175,210

				As restated
		Notes	2022	2021
				E
Fixed assets:
Fixed asset investments		11	1,422,597	1,312,259
Investment property		12	4,243,000	4,243,000
Total fixed assets			5,665,597	5,555,259
Current assets:
Debtors		13	224,617	240,338
Cash at bank and in hand			261,423	464,645
Total current assets			486,040	704,983
Liabilities:
Creditors: amounts	falling due	14	(101,757)	(85,032)
within one year
Net current assets			384,283	619,951
Total assets less current liabilities			6,049,880	6,175,210
Net assets			6,049,880	6,175,210
The funds ofthe charity: Unrestricted funds		15	1,652,509	1,769,130
Endowment funds		16	4,397,371	4,406,080
Total charity funds		17	6,049,880	6,175,210

		Notes	2022 6	2021f
Cash flows from operating	activities:
Net cash used in operating	activities	19	(232,056)	(212,780)
Cash flows from investing	activities:
Interest and dividend income			40,674	29,609
Rental income			278,841	269,144
Other investment income			8,283	7,498
Payments to acquire listed investments				(65,661)
Transfers (to)/from listed investment		porffolio	(298,964)	(76,208)
Net cash used in investing	activities		28,834	164,382
Change in cash and cash	equivalents
in the year			(203,222)	(48,398)
Cash and cash equivalents	at the
beginning ofthe year			464,645	513,043
Cash and cash equivalents	at the
end ofthe year			261,423	464,645

Voluntary i	ncome
			2022	2021
			6
Donations and legacies
Investment	income
			2022	2021
			6	6
Insurance receivable			6,683	6,354
Rents receivable			278,841	269,144
Income from	investments		40,674	29,609
Other income			1,600	1,144
			327,798	306,251
Investment	management	costs
			2022 f	2021 6
Porffolio management Fire and other insurances			15,836 7,575	2,320 7,059
			23,411	9,379
Charitable	activities costs
2022			Support

2022		Support
	Grant	and gov-
	funded	ernance	2022
	activity	costs 6	Total 6
Property porffolio management Grant making	216,875	23,054 16,998	23,054 233,873
	216,875	40,052	256,927
2021		Support
	Grant	and gov-
	funded	ernance	2021
	activity	costs 6	Total 6
Property porffolio management Grant making	186,206	48,565 16,998	48,565 203,204
	186,206	65,563	251,769

Analysis ofgrants
2022				Grants	Grants
				to	to		Support	2022
				institutions	individuals		costs	Total
				6		6	6	6
Personal retirement	grants				151,875		8,499	160,374
Local charity grants				65,000			8,499	73,499
				65,000	151,875		16,998	233,873
2021				Grants	Grants
				to	to		Support	2021
				institutions 6	Individuals	f	costs	Total 6
Personal retirement	grants				153,075		8,499	161,574
Local charity grants				33,131			8,499	41,630
				33,131	153,075		16,998	203,204
Recipients ofinstitutional		grants:
							2022	2021
							6	6
Harpur Trust							20,000
Friends for Life Bedfordshire							2,000
Progressability								5,000
Bedford Hospitals Charity								3,000
Oakley Pre-School							5,000
Country Days Ltd							3,500	4,000
Chums							2,500
Carers in Bedfordshire							3,000
Kings Arms Project							5,000	5,000
Making Me Charity							2,000	3,000
St John's Hospice							5,000
Families United Network								2,631
Transition UK							3,500	3,000
Autism in Bedfordshire							3,000	3,000
SMART Prebend Street							3,000
Hear and Now (Philharmonia)							3,000	3,000
Bedford and District	Audio News						1,500	1,500
Elisabeth Curtis Riding Centre		for	the Disabled				3,000
Total							65,000	33,131

					2022	2021f
Auditors	remuneration	for	audit work		3,690	3,690
Auditors	remuneration	for	non-audit	work		1,590
Accountancy fees					1,080
Clerk's	remuneration				4,533	4,533
Clerk's	expenses				355	358
					9,658	10,171

support costs i	s shown	below.
2022
			Support	Governance	2022	Basis of
Cost type			costs	costs 8	Total	apportionment
Property costs			6,939		6,939	Invoiced cost
Surveyors fees			2,400		2,400	Invoiced cost
Bank charges			927		927	Invoiced cost
Miscellaneous	expenses		577		577	Invoiced cost
Clerk's remuneration			18,132	4,533	22,665	Time spent
Clerk's expenses			1,419	355	1,774	Time spent
Auditors remuneration		for audit services		3,690	3,690	Governance
Accountancy fees				1,080	1,080
			30,394	9,658	40,052

2021
			Support	Governance	2021	Basis of
Cost type			costs 6	costs 6	Total 6	apportionment
Property costs			1,417		1,417	Invoiced cost
Surveyors fees			5,544		5,544	Invoiced cost
Bad debt expense			23,086		23,086	Related debtor
Legal fees			4,814		4,814	Invoiced cost
Bank charges			863		863	Invoiced cost
Miscellaneous	expenses		100		100	Invoiced cost
Clerk's remuneration			18,132	4,533	22,665	Time spent
Clerk's expenses			1,436	358	1,794	Time spent
Auditors remuneration		for audit services		3,690	3,690	Governance
Auditors remuneration		for non-audit		1,590	1,590	Governance
services
			55,392	10,171	65,563

Fixed asset investmen	ts
		Listed
		Investments
		g
Market value
At 1 January 2022 Transferred from cash accounts		1,312,259 298,964
Investment management Revaluations	fees	(15,836) (172,790)
At 31 December 2022		1,422,597
Carrying value At 31 December 2022		1,422,597
At 31 December 2021		1,312,259

Investment property
	As restated
	r.
Market value
At 1 January 2022	4,243,000
Revaluation
At 31 December 2022	4,243,000
Net book value
At 31 December 2022	4,243,000
At 31 December 2021	4,243,000

13	Debtors
				2022	2021
				6
	Amounts	falling due	within one year:
	Trade debtors			26,757	40,526
	Other debtors			7,960	7,639
				34,717	48,165
				2022	2021
	Amounts	falling due	after more than one year:
	Other debtors			189,900	192,173
				189,900	192,173
				2022	2021
					E
	Aggregate	amounts:
	Other debtors			224,617	240,338
14	Creditors:	amounts	falling due within one year
				2022	2021
				6	6
	Trade creditors			25,406
	Other creditors			76,351	85,032
				101,757	85,032

Included	in other creditors	is deferred	income adising from rents received that relate to a future	income adising from rents received that relate to a future
financial	period. The movement	on deferred	income in the year is analysed as follows:
			2022	2021
Balance	brought forward		73,099	71,172
Amounts	released to income		(73,099)	(71,172)
Amounts	deferred in year		64,952	73,099
Balance	carried forward		64,952	73,099

			As restated	Movement	in year
			Balance at	Incoming	Resources		Balance at
			1Jan 2022	resources	expended	Transfers	31Dec2022
			6	6	6	6
General	fund		1,569,130	327,798	(444,419)		1,452,509
Designated Gratuities		funds: fund	120,000				120,000
Grants fund			30,000				30,000
Property	fund		50,000				50,000
			1,769,130	327,798	(444,419)		1,652,509

		Fixed	Cash &	Other
		Assets	Investments	Assets	Creditors	Total
		6	6		E
General fund			1,329,649	224,617	(101,757)	1,452,509
Designated	funds		200,000			200,000
Endowment	fund	4,243,000	154,371			4,397,371
		4,243,000	1,684,020	224,617	(101,757)	6,049,880

Reconciliation of net expendi	ture to net cash flow from	operating activities
			As restated
		2022	2021f
Net (deficit) for the year		(125,330)	(100,556)
Rents received from investment	properties	(278,841)	(269,144)
Investment income from listed investments		(40,674)	(29,609)
Other investment income		(8,283)	(7,498)
(Gains)/losses on investments		172,790	(94,341)
Losses on investment property			240,000
Decrease/(increase) in debtors		15,721	40,700
Increase/(decrease) in creditors		16,725	5,348
Investment management fees paid from porffolio		15,836	2,320
Net cash flow from operating activities		(232,056)	(212,780)