2021-12-31-accounts - The Hospital Of The Blessed Mary, Commonly Called St Mary's, Hospital, Chichester

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Report ofthe Trustees	1	to	7
Report ofthe Independent Auditors	8	to	9
Statement ofFinancial Activities		10
Balance Sheet
Cash Flow Statement		12
Notes to the Cash Flow Statement		13
Notes to the Financial Statements	14	to	22
Detailed Statement ofFinancial Activities	23	to	24

					2021	2020
					Unrestricted	Total
					funds	funds
				Notes
INCOME AND ENDOWMENTS			FROM
Donations and legacies					64,875	50,561
Investment income					840,943	774 948
Total					905,818	825,509
EXPENDITURE	ON
Raising funds					128,448	101,598
Charitable activities
Almshouses					657,932	716,873
Total					786,380	818,471
Net gains/(losses)	on investments				583,632	~2,534,506)
NET INCOME/(EXPENDITURE)					703 070	(2 507468)
Other recognised Actuarial gains on	gains/(losses) defined benefit schemes					34,968
Net movement in	funds				703,070	(2,472,500)
RECONCILIATION		OF FUNDS
Total funds brought		forward			25,729,755	28,202,255
TOTAL FUNDS	CARRIED FORWARD				26,432,825	25,729,755

		2021	2020
		Unrestricted	Total
		funds	funds
	Notes
FIXEDASSETS
Tangible assets Investments	10 11	4,077,562 22,065,972	3,901,154 21,701,658
		26,143,534	25,602,812
CURRENT ASSETS
Debtors	12	186,570	113,223
Cash at bank and in hand		416,100	338,861
		602,670	452,084
CREDITORS
Amounts falling due within one year	13	(246,994)	(258,195)
NET CURRENT ASSETS		355,676	593 889
TOTAL ASSETS LESSCURRENT
LIABILITIES		26,499,210	25,796,701
CREDITORS
Amounts falling due after more than one year	14	(66,385)	(66,946)
NET ASSETS		26,432,825	25,729,755
FUNDS	17
Unrestricted funds		26432,825	25,729,755
TOTAL FUNDS		26,432,825	25,729,755

					2021	2020
				Notes
Cash flows from operating activities Cash generated from operations Interest paid					(695,278) ~7,238	(744,552) ~7288
Net cash used in operating	activities				~702,516)	~751,840)
Cash flows from investing activities Purchase offixed asset investments					(3,604,260)	(500,000)
Sale offixed asset investments					3,543,578	653,358
Sale ofinvestment property Rents received					689,496	(3,358) 643,478
Dividends Ec interest					150,998	131,295
Interest received					34	90
Dividends received					415	85
Net cash provided by investing activities					780261	924,948
Cash flows from financing Loan repayments in year		activities			~506)	~455)
Net cash used in financing		activities			~506)	~455)
Change in cash and cash the reporting period		equivalents	in		77,239	172,653
Cash and cash equivalents		at the
beginning ofthe reporting		period			338,861	166,208
Cash and cash equivalents		at the end	of
the reporting period					416,100	338,861

OPERATING ACTIVIT	I
				2021	2020
Net income/(expenditure) for the reporting Statement ofFinancial Activities)		period (as per the		703,070	(2,507,468)
Adjustments for: Depreciation charges (Gain)/losses on investments				103,592 (583,632)	97,997 2,514,506
Interest received				(34)	(90)
Interest paid Dividends received				7,238 (415)	7,288 (85)
Rents received				(689,496)	(643,478)
Dividends and interest received				(150,998)	(131,295)
Actuarial movement					(2,963)
Assets transferred from Dears Almshouse					37,931
(Increase)/decrease in debtors Decrease in creditors				(73,347) ~11,256	7,770 ~124,665)
Net cash used in operations				~695,278)	~744 552)
ANALYSIS OF CHANGES IN NET FUNDS
			At 1.1.21	Cash flo	At31.12.21
Net cash
Cash at batik and in hand			338,861	77,239	416,100
			338,861	77,239	416,100
Debt
Debts falling due within Debts falling due after I	1 year year		(505) ~66,946)	(55) 561	(560) ~66 385)
			~67,45 1)	506	~66,945)
Total			271,410	77,745	349,155

DONATIO	NS AND LE	GACIES
			2021	2020
Resident's	contribution		62,033	31,269
Grants				17,007
Donations	from visitors		2,842	2,285
			64,875	50,561
Grants received, included		in the above, are as follows:
			2021	2020
Job Retention Scheme				16,407
Chichester	District Council			600
				17,007
INVESTMENT INCOME
			2021	2020
Rents received			689,496	643,478
Dividends	&interest		150,998	131,295
Guest room rental			415	85
Deposit account interest			34	90
			840,943	774,948

4.	RAISING FUNDS	RAISING FUNDS
	Investm ent managem ent costs					2021	2020
	Property repairs Professional charges Insurance					69,850 50,761 4, 174	67,990 24,017 3,152
	Rates						1,459
	Heat &Light					3 663	4 980
						128448	101598
5.	CHARITABLE ACTIVITIES COSTS
					Grant
					funding of
					activities	Support
				Direct	(see note	costs (see
				Costs	6)	note 7)	Totals
	Almshouses			456,167	25,000	176,765	657,932
6.	GRANTS PAYABLE
						2021	2020
	Almshouses					25,000	25,000
	The total grants paid to institutions		during	the year was as follows:		2021	2020
	Christian Care Association					25,000	25,000
7.	SUPPORT	COSTS
						Governance
				Management	Finance	costs	Totals
	Almshouses			138,094	7,618	31,053	176765

STAFF COSTS
				2021	2020
Wages and salaries Social security costs Other pension costs				112,869 9,758 22,632	164,113 10,847 26,816
				145259	201,776
The average monthly	number ofemployees	during	the year was as follows:
				2021	2020

TANGIBLE FIXEDASSETS
	Freehold	St Mary' s
	property	Lodge	Totals
COST
At 1st Januaiy 2021 Reclass ification	4,568,410 280 000	397,725	4,966,135 280,000
At 31stDecember 2021	4,848,410	397,725	5,246, 135
DEPRECIATION
At 1st Januaiy 2021 Charge for year	846,224 96,968	218,757 6,624	1,064,981 103,592
At 31stDecember 2021	943,192	225,381	1,168,573
NET BOOK VALUE
At 31stDecember 2021	3,905,218	172,344	4,077,562
At 31stDecember 2020	3,722,186	178,968	3,901,154

FIXED ASSET INVESTMENTS
	Listed	Investment
	investments	Properties	Totals
MARKET VALUE
At 1stJanuary 2021 Additions	3,194,158 3,604,260	18,507,500	21 701 658 3,604,260
Disposals Revaluations Reclassification/transfer	(3,194,158) 234,212	~280,000)	(3,194,158) 234,212 ~280,000)
At 31st December 2021	3,838472	18,227, 500	22,065,972
NET BOOK VALUE
At 31stDecember 2021	3,838,472	18,227 500	22,065,972
At 31st December 2020	3,194,158	18,507,500	21,701,658

			Listed	Investment
			investments	Properties	Totals
Valuation	in	2021	3,838,472	18,227,500	22,065,972

DEB	TORS:AMOUNTS FALLING DUE WIT	HIN ONE YEAR
		2021	2020
Trade	debtors	49,596	62,686
Other	debtors	136,974	50,537
		186,570	113,223

CREDITORS: AMOUNTS FALLING DUE WITHIN	ONE YEAR
	2021	2020
Other loans (see note 15) Trade creditors	560 31,726	505 25,355
Social security and other taxes Rent deposits Accruals and deferred income	2,634 74,312 137,762	1,698 39,972 190665
	246 994	258,195

					2021	2020
	Other loans (see note 15)				66,385	66,946
5.	LOANS
	An analysis ofthe maturity	ofloans is given below:
					2021	2020
	Amounts falling due within Housing corporation loan		one year on demand:		560	505
	Amounts falling between Other loans - 1-2 years	one and two years:			622	560
	Amounts falling due between two and five Other loans -2-5 years			years:	2,310	2,081
	Amounts falling due in more than five years:
	Repayable by instalments: Other loans more 5yrs instal				63,453	64,305
16.	SECURED DEBTS
	The following secured debts are included			within creditors:
					2021	2020
	Housing corporation loan				66,945	67,451

MOVEMEN	T IN FUNDS
			Net
			movement	At
		At 1.1.21	in funds	31.12.21
Unrestricted	funds
General fund		25,479,755	703,070	26,182,825
Extraordinary	repair fund - designated	250 000		250 000
		25,729 755	703,070	26,432 825
TOTAL FUNDS		25,729 755	703,070	26 432,825

			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
Unrestricted	funds
General fund			905,818	(786,380)	583,632	703,070
TOTAL FUNDS			905,818	(786,380)	583,632	703,070
Comparatives	for movement	in funds

Compara	tives	for m	ovem	e	nt in funds
							Net
							movement	At
						At 1.1.20	in funds	31.12.20
Unrestricted		funds
General	fund					27,952,255	(2,472,500)	25,479,755
Extraordinary		repair	fund	-	designated	250,000		250,000
						28,202,255	~2,472,500)	25,729,755
TOTAL	FUNDS					28 202,255	~2,472,500)	25,729,755

			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
Unrestricted		funds
General	fund		825,509	(818,471)	(2,479,538)	(2,472,500)
TOTAL	FUNDS		825,509	~818,471)	~2,479,538)	~2,472,500)

			Net
			movement	At
		At 1.1.20	in funds	31.12.21
Unrestricted	funds
General fund		27,952,255	(1,769,430)	26,182,825
Extraordinary	repair fund - designated	250,000		250 000
		28,202 255	~1769,430)	26432,825
TOTAL FUNDS		28,202,255	~1,769430)	26,432 825

as follow	s:
			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
Unrestricted		funds
General	fund		1,731,327	(1,604,851)	(1,895,906)	(1,769,430)
TOTAL	FUNDS		1,731,327	(1,604,851)	(1,895,906)	(1,769,430)

		2021	2020
INCOME AND ENDOWMENTS
Donations and legacies Resident's contribution		62,033	31,269
Grants			17,007
Donations f'rom visitors		2,842	2285
		64,875	50,561
Investment income
Rents received		689,496	643,478
Dividends & interest		150,998	131,295
Guest room rental		415	85
Deposit account interest		34	90
		840,943	774,948
Total incoming resources		905,818	825,509
EXPENDITURE
Investment management Property repairs Professional charges Insurance	costs	69,850 50,761 4,174	67,990 24,017 3,152
Rates			1,459
IIeat &, Light		3,663	4,980
		128,448	101,598
Charitable activities
Wages Social security Pensions		112,869 9,758 22,632	164,113 10,847 26,816
Rates and water		25,439	18,694
Insurance		17,687	13,626
Light and heat Sundries		63,599 15,385	49,013 9,702
Garden expenses Repairs & maintenance Outings & trips Rent		12,517 63,965 7,430 754	7,181 44,955 5,882 3,016
Other staff costs		540	957
Depn ofSt Mary's Courtyard Depn ofSt Mary's Lodge Grants to institutions		96,968 6,624 25,000	91,368 6,629 25,000
		481,167	477,799

				2021	2020
Support costs
Management Telephone Postage and stationery				7,901	9,787 126
Administration and financial		services	ofDean
and Chapter ofChichester	Cathedral			130,193	159149
				138,094	169,062
Finance Bank charges Loan				380 7,238	410 7 288
				7,618	7,698
Governance costs
Auditors' remuneration				9,000	8,800
Accounting services Legal fees				8,491 13,562	53,514
				31,053	62,314
Total resources expended				786,380	818,471
Net income before gains and		losses		119,438	7,038
Realised recognised gains and losses Realised gains/(losses) on fixed asset Realised gains/(losses) on investment			investments property	349,420	(27,473) ~3,358)
Netincome/(exenditure)				468,858	~23,793)