2020-12-31-accounts - The Duchess Of Somerset's Hospital

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			Page
Significant	information		1-2
Trustees' report			3-5
Independent	Examiner's report
Statement	ofComprehensive	Income
Statement	of Changes in Reserves
Statement	of Financial Position
Statement	ofCash Flows		10
Notes to the Financial Statements			11-18
The following page does not form part ofthe Statutory accounts
Apportionment ofexpenses

' Executive Committee ' Finance Committee ' Pastoral Committee	' Executive Committee ' Finance Committee ' Pastoral Committee	Members Members Members
4 Building Committee		Members
Officers
Steward			Mrs LCaterer
Warden			Mrs E Holborow
Address			Duchess ofSomerset's	Hospital
			Froxfield
			Wiltshire
			SN8 3LA
Charity Number			202650
Homes England	Number		A3036

		Notes	2020	2019
TURNOVER
Income
Maintenance contributions	from residents		249,900	244,608
Less: Losses from voids			(10,973)	(6,065)
			238,927	238,543
OPERATING INCOME			15,404	29,495
OPERATING EXPENDITURE
Services			126,592	131,797
Management			40,483	41,535
Repairs and servicing			35,573	32,777
Extraordinary maintenance			217,107	137,448
Depreciation			29,587	29,478
(Surplus) / deficit on disposal oftangible assets			(2,289)
			(447,053)	(373,035)
OPERATING DEFICIT			(192,722)	(104,997)
(Deficit) / surplus on investment disposals			(17,433)	16,788
Release ofdeferred capital	grant re property		3,960	3,960
Release ofdeferred capital	grant re plant		2,880	2,880
Deficit on ordinary activities	before interest and taxation		(203,315)	(81,369)
Interest receivable and other income			21,194	37,194
Investment expenses			(2,855)	(3,190)
DEFICIT FOR THE YEAR			(184,976)	(47,365)
Unrealised (deficit) / surplus	on investments		(14,329)	105,874
TOTAL COMPREHENSIVE	(DEFICIT) / INCOME FOR	THE YEAR	(199,305)	58,509

			Investments	Investments
			revaluation	realised	Unrestricted
			reserve	reserve	general fund	2020
			6	6	6	6
Brought forward as at 1 January 2020			204,965	354,787	703,605	1,263,357
Deficit for the year					(184,976)	(184,976)
Transfer from Investments	revaluation	reserve	(34,868)	34,868
Transfer to Investment realised reserve				(17,433)	17,433
Unrealised loss in the year			(14,329)			(14,329)
Carried forward as at 31 December 2020			155,768	372,222	536,062	1,064,052
					Note 14
			Investments	Investments
			revaluation	realised	Unrestricted
			reserve	reserve	general fund	2019
			6	6	6	6
Brought forward as at 1 January 2019			100,482	336,608	764,568	1,201,658
Deficit for the year					(44,175)	(44,175)
Transfer from Investments	revaluation	reserve	(1,391)	1,391
Transfer to Investment realised reserve				16,788	(16,788)
Unrealised gain in the year			105,874			105,874
Gamed forward as at 31 December 2019			204,965	354,787	703,605	1,263,357

			2020	2019
			6	8
Net cash generated from operating activities (See Note 1)			(158,778)	(74,543)
Cash flow from investing activities
Purchase oftangible fixed assets			(5,386)	(5,954)
Proceeds from sale offixed assets			2,500
Purchase ofinvestments			(2,384)	(33,923)
Proceeds from sale ofinvestments			160,901	100,497
Investment income received net offees			19,159	32,870
Net change in cash and cash equivalents			16,012	18,947
Cash and cash equivalents at beginning		ofthe year	171,108	148,971
Cash and cash equivalents at end ofthe		year	187,120	167,918
Note 1
Cash flow from operating activities
Total comprehensive (deficit) / income	for the year		(199,305)	58,509
Adjustment for non-cash items:
Unrealised (surplus)/deficit on investment			14,329	(105,874)
Depreciation oftangible fixed assets			29,587	29,478
(Profit)/loss on disposal oftangible assets			(2,289)
Amortisation ofgovernment grants			(6,840)	(6,840)
Decrease/(Increase) in trade and other debtors			(1,191)	609
Increase/(decrease) in trade creditors and other creditors			8,657	(767)
Adjustments for Investing orfinancing	activities:
(Profit)/loss on disposal ofinvestments			17,433	(16,788)
Investment income receivable net offees			(19,159)	(32,870)
			i15877iri	(74,543)
Note 2
Cash and cash equivalents
Cash included in investments			113,484	61,076
Cash at bank and in hand			73,636	110,032
			187,120	171,108

		2020	2019
The average weekly number ofpersons		No.	No.
employed	during the year was-
Warden
Steward	and other staff
Wages snd salaries		45,591	42,330
Social security costs		709	431
Pension	costs	1,368	1,176
		47,668	43,937

			2020	2019
			6
Bank deposit interest			20
Investment income			19,139	36,016
			19,159	36,060
Rent from land			240	637
Other income			1,795	3,687
			21,194	40,384
Investments are managed on a total return		basis.
DEFICIT ON ORDINARY ACTIVITIES	BEFORETAXATION
			2020	2019
Deficit on Ordinary activities before taxation			6	6
is stated after charging-
Depreciation - Tangible fixed assets			29,587	29,478
Independent examiners fees (including	VAT)
In their capacity as independent		examiners	1,750	1,750
In respect ofother services			7,007	6,572
HOUSING PROPERTIES - Freehold
				Housing
				Properties
				6
COST
At 1 January2020				462,548
Additions
At 31 December 2020				462,548
DEPRECIATION
At 1 January2020				156,691
Charge for the year				4,626
At 31 December 2020				161,317
NET BOOK VALUE
At 31 December 2020				301,231
At 31 December 2019				305,857

OTHER FIXEDASSETS
			Fixtures
		Plant and	and
		machinery 6	fittings f	Total 6
COST
At 1 January 2020		309,256	55,622	364,878
Additions			5,386	5,386
Disposals			(1,748)	(1,748)
At 31 December 2020		309,256	59,260	368,516
DEPRECIATION
At 1 January 2020		178,526	30,326	208,852
Charge for the year		20,389	4,572	24,961
Disposals			(1,537)	(1,537)
At 31 December 2020		198,915	33,361	232,276
NET BOOK VALUE
At 31 December 2020		110,341	25,899	136,240
At 31 December 2019		130,730	25,296	156,026
FIXEDASSET INVESTMENTS
	2020	2019	2020	2019
	6	6	6	6
	Market	value	Cost
Share porffolio at 31 December	707,600	897,879	551,833	692,915
Cash held	113,484	61,076	113,484	61,076
	821,084	958,955	665,317	753,991

10.	DEBTORS
							2020	2019
							6
	Arrears of maintenance			contributions			1,424	663
	Prepayments	and accrued			income		9,663	9,449
	Other debtors						1,026	810
							12,113	10,922
11.	CASH AT BANK AND IN				HAND &CASH EQUIVALENT
							2020	2019
							8
	Generalfunds						25,140	48,781
	Extraordinary	repair fund					41,747	54,502
	Convalescent	and benefit			fund		6,749	6,749
							73,636	110,032
12.	CREDITORS:		Amounts		falling due within one year
							2020	2019
								6
	Maintenance	contributions			received	in advance	350	359
	Accruals						13,423	4,794
	Other creditors						1,793	1,756
	Deferred capital grants re				property		3,959	3,959
	Defened capital grants re				plant		2,880	2,880
							22,405	13,748
13.	CREDITORS:		Amounts		falling due after more than one year
							2020	2019
								6
	Deferred capital		grants re		property		246,315	250,275
	Deferred capital		grants re		plant		11,532	14,412
							257,847	264,687

UNRESTRICTED GENERAL FUND	UNRESTRICTED GENERAL FUND	UNRESTRICTED GENERAL FUND				0~Ii	dF	d
					Income	Extra-	Convales-
					&	ordinary	cent and
					Expenditure	Repairs	Benefits
					Account	Reserve	Fund		2020
						8		8	8
Balance at 1 January	2020				206,663	490,193		6,749	703,605
Deficit for the year					(184,976)				(184,976)
Transfer to Investment	realised reserve				17,433				17,433
Transfer from Income	&expenditure		account		156,968	(156,968)
Balance at 31 December 2020					196,088	333,225		6,749	536,062
Transfer from/(to) Income &		expenditure		account
Repair provision		transfers				41,000			41,000
Investment	income less fees					19,139			19,139
Less: Expenditure						(217,107)			(217,107)
						(156,968)		-	(156,968)
						~di «dF		d
					Income	Extra-	Convales-
						ordinary	cent and
					Expenditure	Repairs	Benefits
					Account	Reserve	Fund		2019
						f		8	9
Balance at 1 January	2019				204,004	553,815		6,749	764,568
Deficit for the year					(44,175)				(44,175)
Transfer to Investment	realised reserve				(16,788)				(16,788)
Transfer from Income	&expenditure		account		63,622	(63,622)
Balance at 31 December 2019					206,663	490,193		6,749	703,605
Transfer from/(to) Income &		expenditure		account
Repair provision transfers						41,000			41,000
Investment	income less fees					32,826			32,826
Less: Expenditure						(137,448)			(137,448)
						(63,622)		-	(63,622)

			2020			2019
				Manage-			Menage-
		Total f	Services f	ment f	Total f	Services f	ment f
SALARIES AND STAFF	EXPENSES
Warden (75'/o .25'/x) Steward &secretarial		26,174 21,493	19,631	6,543 21,493	26,367 20,230	19,775	6,592 20,230
Chaplain		3,790	3,790	-	3,781	3,781
Warden call cover		7,938	7,938		7,948	7,948
ESTABLISHMENT EXPENSES
Central heating fuel		38,737	38,737		42,955	42,955
Property insurance		9,555	9,555		9,159	9,159
General and water rates		2,920	2,920		4,081	4,081
Electricity charges		10,040	10,040		10,781	10,781
Garden expenses		18,222	18,222		16,452	16,452
Website and computer costs		392	392		509	509
GENERAL EXPENSES
Convalescent contributions	etc.	2,917	2,917		1,418	1,418
Warden training (75'/s .25'/x)					444	333	111
Telephone charges less receipts		3,307	1,654	1,653	2,438	1,219	1,219
Accountancy		8,757	4,379	4,378	8,322	4,161	4,161
Administration and stationery		408	204	204	871	436	435
General expenses Consultancy fees Trustee expenses		6,708 5,117 600	3,354 2,559 300	3,354 2,558 300	3,543 13,433 600	1,772 6,717 300	1,771 6,716 300
TOTAL EXPENSES		167,075	126,592	40,483	173,332	131,797	41,535