CHARITY REGISTRATION NUMBER: 206368
Jesus Hospital
Unaudited Financial Statements 29 September 2021
BURGESS HODGSON LLP
Chartered accountants Camburgh House 27 New Dover Road Canterbury Kent CT1 3DN
Jesus Hospital
Financial Statements
Year ended 29 September 2021
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 5 |
| Statement of financial activities | 6 |
| Statement of financial position | 7 |
| Notes to the financial statements | 8 |
| The following pages do not form part of the financial statements | |
| Detailed statement of financial activities | 17 |
| Notes to the detailed statement of financial activities | 19 |
Jesus Hospital
Trustees' Annual Report
Year ended 29 September 2021
The trustees present their report and the unaudited financial statements of the charity for the year ended 29 September 2021.
Reference and administrative details
Registered charity name Jesus Hospital Charity registration number 206368 Principal office Jesus Hospital Sturry Road Canterbury Kent CT1 1BS The trustees Councillor G Glover The Venerable J K Kelly-Moore Councillor P A Todd Dr R A Willis Independent examiner Mr Simon Bailey MMath FCA CTA Camburgh House 27 New Dover Road Canterbury Kent CT1 3DN
Structure, governance and management
The Trustees meet at suitable intervals during the year to consider the management of the Hospital.
Objectives of the charity
The Charity was formed to provide almshouses and pensions for 17 poor persons of either sex, married or unmarried and being members of the Church of England of whom, as nearly as possible, six shall be women and eleven shall be men. Almspeople and pensioners shall have resided in the City of Canterbury as constituted from time to time, and shall be persons of not less than 55 years of age.
Review of the year
Jesus Hospital is an Almshouse charity which provides accommodation in the form of one and two bedroomed flats for elderly people who come from Canterbury and who are in need. The flats are in two buildings, one dating back to the 16th Century and the other built in the early 20th Century. Due to the age of these buildings there are numerous repairs and improvements to be carried out continually. The income for the Hospital comes from investments generated from the original endowments and from weekly maintenance charges levied on the Indwellers.
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Jesus Hospital
Trustees' Annual Report (continued)
Year ended 29 September 2021
Indwellers
During the latter part of 2020 and into 2021 society was still under restrictions due to the COVID 19 Pandemic. One resident passed away, not due to COVID, but that the fact that they were not able to see loved ones and felt isolated which was a contributing factor to their demise and eventual death. Loneliness has a terrible impact on the mental health of the elderly, even those who live in a community, when they are not able to see the people they love.
Another Indweller was moved (after living at Jesus Hospital for over 20 years) into full time care.
An unexpected benefit from the Pandemic and the fact that people could not mingle as they normally would have, was that there were fewer cold and flu cases and therefore the general health of Indwellers was better than it would have been in other years.
A new resident moved into the Hospital in November 2020.
Building Repairs and Maintenance
During 2020/21 the following major repairs and improvements were made;
-
External rear wall of the Chapel redecorated drainpipes and gutters repainted
-
All windows on the North and West side of the hospital repainted
-
Boundary wall repaired to the front of the hospital by the pedestrian gate
-
Lintel replaced above the rear door to the assembly room
-
Emergency Boiler repairs in flats 6B, 10B, 12A and 12B
-
Installation of patio at Wardens Lodge
-
2 new boilers installed, one in Wardens Lodge and the other in flat 10C
-
All boilers serviced and Landlord Certificates renewed
-
Fire surround removed and walls plastered in flat 12B
-
New kitchen installed in flat 2 JBW following flood damage
-
Gas hob removed and new electric one installed in flat 1JBW
-
Roof repairs over flats 8 and 2JBW
-
Repairs to several outside lights throughout the site
-
Communal TV Ariel repaired
-
Tap and shower repairs to flat 12B
-
Emergency lighting installed throughout the site
-
Adaptation of doors in assembly room and hallway to conform to fire safety
-
Redecoration of stairwell in flat 8 following water leak damage
-
Redecoration of toilet in flat 2JBW
Gardens
The Gardens continued to be a great asset during 2020/21 as it was the only way that residents were able to socialise during the restictions.
Unfortunately the two lady gardeners who were helping with the gardening both suffer with underlying health problems and so they could not help out during most of the year. However, with volunteer help from family and friends the Warden was able to keep the grass cut and gardens generally tidy. The pond was moved to a more suitable spot, where it would not fill with dead leaves and choke the water. It is now in a sunny spot and several fish were donated and now live there happily. Residents enjoy sitting on the bench installed by the pond to watch the fish.
The large conifers to the North of the buildings were removed and camellias planted instead. This has helped to keep the low lying drains clear of pine needles and debris.
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Jesus Hospital
Trustees' Annual Report (continued)
Year ended 29 September 2021
Water Leaks/Floods
Unfortunately, there were two major water leaks/floods during 2020/21. The first was when a pipe burst during the night in flat 2 John Boys Wing on the 15th November 2020 but was not discovered until the next morning by which time the water was ankle deep in the flat below (1JBW). The occupant of flat 2JBW had to move out and went into temporary accommodation at an Air B&B in the City whilst repairs and a replacement kitchen was installed. The majority of this work was covered by an insurance claim but Trustees decided to carry out a full redecoration of the areas affected the cost of which came out of general funds.
At the end of June 2021 there was found to be a large water leak between the main meter in the driveway and the Wardens Lodge. The entire driveway had to be dug up and investigations made as to where the leak was. The cost of this work was in the region of £14,000 which was, fortunately, mainly covered by another insurance claim.
Kingsmead Riverside Development
During September 2021 the Student Accommodation was finished and students beginning to move in. The retail, cinema and other residential areas were still under construction. Developers plan to have the site complete by the Spring of 2023.
The site continues to impact negatively on the quality of life of the residents of Jesus Hospital in the form of noise and dust pollution during construction and lately from the disturbance from rowdy students especially during Fresher's Week!
Chapel
The Chapel was not used at all during 2020/21 due to the small size of it and the nervousness of Indwellers who were naturally cautious on being in a small space with those from other households.
Founders Day was celebrated in the garden on Thursday 2nd September 2021 and the service was taken by Dean Robert Willis (this was to be his last Founders Day at Jesus Hospital after 21 years).
Other Social Events
There were very few social events in 2020/21. However, the garden and sun room were a source of comfort and delight to residents who were pleased to be able to get together with their families and friends when they were not able to meet in their own homes.
General
Sadly a former Trustee and great friend of Jesus Hospital, Mr Fred Whitemore, died on New Year's Day 2021 in a nursing home in Norfolk. Mr Whitemore was much loved by those who knew him and he will be very sadly missed.
Jesus Hospital works in full co-operation with the local Housing Authority, the Almshouse Association and the Canterbury Consortium of Almshouses.
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Jesus Hospital Trustees. Annual Report (¢ontlnu8dl Year ended 29 September 2021 Financial review Going Concern After making appropriate enquiries and considerin9 the ongoing impact of COVID-19. the Trustees have a asOnable expectalion that the Charity has adequale resources to continue in operational existence for the foreseeable future. For this reason, they continue lo adopt the going concern basis in Preparation the financial slalemenls. Further details regarding the adoption of the going concern basis Can be found in the a¢¢ounting policies below. Statement of Trusto•s' R8spon$lbllliTrgs Charity law requires the charily truslees to prepare financial slatements for each year which give a true and fair view of the state of affairs of the charitable company and the incofning resources and application of resources, including the income and expenditure, for that period. In preparing these financial slalemenls. the Iruslees are required lo.. select suitable accounting policies and then apply them consistently., observe the methods and principles in the applicable Charities SORP; make judgments and accounting estimates that are reasonable and prudent., prepare the financial statements on the going concern basis unless il is inappropriate lo pSuMe that the charity will continue in busingss. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transaclions and disclose with reasonable accuracy al any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and he for taking reasonable steps for the prevanlion and detection of fraud and other irr8gularilies. The trustÈ&s' annual r8port was approvèd on .1. 2• trustees by.. 7.0278nd signed on bèhall of th9 board of Qll¥ P. A - ILbtJ. Trustee
Jesus Hospital Independent Examiner's Report to the Trustees of Jesus Hospital Year ended 29 September 2021 I report to the trijslees on my examination of the financial slalements of Jesus Hospital I'lhe charily'l for the year ended 29 September 2021. Responsibilities and basis of report As the trustees of the charity you are responsible for the preparation of the financial slalemenls in a¢cordance with the requiremenls of the Charities Act 2011 I'lhe Act'i. I report in respect of my examination of the charity's financial $181ements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Comrnission under section 145lSllbl of the Act. Independent •xaminer's statoment I have completed my examination. I confirm that no material matters have corne lo my attention in connection with the examination giving me Cause lo believe that in any material respect.. accounting records were not kept in respe¢l of the charity as raquire(I by section 130 of the Act., or the financial stalemenls do not accord with those records., or the financial slalemenls do not comply with the applicable requirements concerning the form and conlenl of accounls set out in the Charities IAc¢ounls and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair, view which Is not a matter Considered as part of an independent examination. I have no cOnrn$ and have come across no other matters in Connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. Mr Simon Bailey Mmalh FCA CTA Independent Examiner For and on behalf of Burgess Hodgson LLP Camburgh House 27 New Dover Road Canterbury Kent CT1 3DN
Jesus Hospital
Statement of Financial Activities
Year ended 29 September 2021
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Unrestricted | Endowment | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 4 | – | – | – | 899 |
| Charitable activities | 5 | 54,022 | – | 54,022 | 52,209 |
| Investment income | 6 | 9,278 | – | 9,278 | 9,046 |
| Other income | 7 | 3,243 | – | 3,243 | 2,967 |
| ---------------------------- | -------------- | ---------------------------- | ---------------------------- | ||
| Total income | 66,543 | – | 66,543 | 65,121 | |
| ============================ | ============== | ============================ | ============================ | ||
| Expenditure | |||||
| Expenditure on charitable activities | 8 | 70,937 | – | 70,937 | 62,277 |
| ---------------------------- | -------------- | ---------------------------- | ---------------------------- | ||
| Total expenditure | 70,937 | – | 70,937 | 62,277 | |
| ============================ | ============== | ============================ | ============================ | ||
| Net gains/(losses) on investments | 9 | – | (32,545) | (32,545) | 23,683 |
| ---------------------------- | ---------------------------- | ---------------------------- | ---------------------------- | ||
| Net income/(expenditure) and net | |||||
| movement in funds | (4,394) | 32,545 | 28,151 | (20,839) | |
| ============================ | ============================ | ============================ | ============================ | ||
| Reconciliation of funds | |||||
| Total funds brought forward | 36,100 | 499,791 | 535,891 | 556,730 | |
| ---------------------------- | -------------------------------- | -------------------------------- | -------------------------------- | ||
| Total funds carried forward | 31,706 | 532,336 | 564,042 | 535,891 | |
| ============================ | ================================ | ================================ | ================================ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 8 to 15 form part of these financial statements.
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Jesus Hospital Statement of Financial Position 29 September 2021 2021 2020 Note Fixed assets Tangible fixed a55els Investments 13 14 297,553 263,764 297,553 231,219 561,317 528,772 Current 8$$8t$ Cash al bank and in hand 18,624 26.012 Creditors.. amounts falling due within one year Not curront assats 15 5,424 5,424 13.200 20,588 Total a$$¢ts loss current Ilabilitles 574,517 549,360 Creditors: amounts falling due after moro than one y¢ar Ngt assets 16 10,475 13,469 Se4,042 535,891 Funds of thè charity Endowment funds unstrICted funds 537,589 26,4S3 499,791 36,100 Total charity funds 17 564,042 535,891 These fin8nctal stslements were approved by the board of trustees and authorised for Issue on d are sign8d on behall of thè board by.. Trustee The note$ on pages 8 to 1 S lomi part of these financial ststements.
Jesus Hospital
Notes to the Financial Statements
Year ended 29 September 2021
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is Jesus Hospital, Sturry Road, Canterbury, Kent, CT1 1BS.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The Trustees have considered the charity's level of reserves and future incoming resources and concluded that these are sufficient to enable the charity to continue its operations for the foreseeable future. While the impact of the COVID-19 pandemic has been assessed by the Trustees so far as reasonably possible, due to its unprecedented impact on the wider economy, it is difficult to evaluate with any certainty the potential outcome on the charity's future activities. However, taking into consideration the charity's funds, the UK Government's response with its range of measures to support entities and the charity's own reserves and planning, the Trustees have reasonable expectation that the charity has adequate resources to continue operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing financial statements.
Judgements and key sources of estimation uncertainty
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under circumstances.
There were no judgements, estimates or assumptions that will materially affect the financial statements in the period.
Income tax
The charity is exempt from tax on its charitable activities.
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Jesus Hospital
Notes to the Financial Statements (continued)
Year ended 29 September 2021
3. Accounting policies (continued)
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
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Jesus Hospital
Notes to the Financial Statements (continued)
Year ended 29 September 2021
3. Accounting policies (continued)
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Land and buildings are shown in the balance sheet at their historical cost. In the opinion of the Trustees the value of the land and buildings is significantly greater but in the absence of a professional valuation they are unable to quantify this.
Investments
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using their effective interest method.
Liabilities are recognised where there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
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Jesus Hospital
Notes to the Financial Statements (continued)
Year ended 29 September 2021
4. Donations and legacies
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2021 | Funds | 2020 | ||
| £ | £ | £ | £ | ||
| Donations | |||||
| Donations - General | – | – | 605 | 605 | |
| Collections - General and specific | – | – | 294 | 294 | |
| -------------- | -------------- | -------------- | -------------- | ||
| – | – | 899 | 899 | ||
| ============== | ============== | ============== | ============== | ||
| 5. | Charitable activities | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2021 | Funds | 2020 | ||
| £ | £ | £ | £ | ||
| Maintenance charges | 53,171 | 53,171 | 52,209 | 52,209 | |
| Miscellaneous | 851 | 851 | – | – | |
| ---------------------------- | ---------------------------- | ---------------------------- | ---------------------------- | ||
| 54,022 | 54,022 | 52,209 | 52,209 | ||
| ============================ | ============================ | ============================ | ============================ | ||
| 6. | Investment income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2021 | Funds | 2020 | ||
| £ | £ | £ | £ | ||
| Income from listed investments | 9,077 | 9,077 | 9,039 | 9,039 | |
| Bank interest receivable | 201 | 201 | 7 | 7 | |
| ----------------------- | ----------------------- | ----------------------- | ----------------------- | ||
| 9,278 | 9,278 | 9,046 | 9,046 | ||
| ======================= | ======================= | ======================= | ======================= | ||
| 7. | Other income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2021 | Funds | 2020 | ||
| £ | £ | £ | £ | ||
| Insurance claim | 3,243 | 3,243 | 2,967 | 2,967 | |
| ======================= | ======================= | ======================= | ======================= | ||
| 8. | Expenditure on charitable activities | by fund type | |||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2021 | Funds | 2020 | ||
| £ | £ | £ | £ | ||
| Hospital and Lodge | 48,853 | 48,853 | 40,639 | 40,639 | |
| Warden | 9,575 | 9,575 | 10,143 | 10,143 | |
| Wardens Assistants | 1,350 | 1,350 | 350 | 350 | |
| Extraordinary Repair Fund | 11,080 | 11,080 | 10,966 | 10,966 | |
| Chapel Fund | 79 | 79 | 179 | 179 | |
| ---------------------------- | ---------------------------- | ---------------------------- | ---------------------------- | ||
| 70,937 | 70,937 | 62,277 | 62,277 | ||
| ============================ | ============================ | ============================ | ============================ |
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Jesus Hospital
Notes to the Financial Statements (continued)
Year ended 29 September 2021
9. Net gains/(losses) on investments
| Endowment | Total Funds | Endowment | Total Funds | |
|---|---|---|---|---|
| Funds | 2021 | Funds | 2020 | |
| £ | £ | £ | £ | |
| Gains/(losses) on listed investments | 32,545 | 32,545 | (23,683) | (23,683) |
| ============================ | ============================ | ============================ | ============================ | |
| Independent examination fees | ||||
| 2021 | 2020 | |||
| £ | £ | |||
| Fees payable to the independent examiner for: | ||||
| Independent examination of the financial | statements | 930 | 900 | |
| ============== | ============== |
10. Independent examination fees
11. Staff costs
The average head count of employees during the year was Nil (2020: Nil).
No employee received employee benefits of more than £60,000 during the year (2020: Nil).
12. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
No trustee expenses have been incurred.
13. Tangible fixed assets
Land and buildings are shown in the balance sheet at their historical cost. In the opinion of the Trustees the value of the land and buildings is significantly greater, but in the absence of a professional valuation they are unable to quantify this.
In the opinion of the Trustees the residual value of the buildings is higher than their carrying value and therefore no depreciation charge is applied.
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Jesus Hospital
Notes to the Financial Statements (continued)
Year ended 29 September 2021
14. Investments
| Listed | |
|---|---|
| investments | |
| £ | |
| Cost or valuation | |
| At 30 September 2020 | 231,219 |
| Additions | – |
| Fair value movements | 32,545 |
| -------------------------------- | |
| At 29 September 2021 | 263,764 |
| ================================ | |
| Impairment | |
| At 30 September 2020 and 29 September 2021 | |
| Carrying amount | |
| At 29 September 2021 | 263,764 |
| ================================ | |
| At 29 September 2020 | 231,219 |
| ================================ |
All investments shown above are held at valuation.
Financial assets held at fair value
Listed investments are stated at their market value at the balance sheet date.
15. Creditors: amounts falling due within one year
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Accruals and deferred income | 2,430 | 2,430 |
| Other creditors | 2,994 | 2,994 |
| ----------------------- | ----------------------- | |
| 5,424 | 5,424 | |
| ======================= | ======================= | |
| Creditors: amounts falling due after more than one year | ||
| 2021 | 2020 | |
| £ | £ | |
| Other creditors | 10,475 | 13,469 |
| ============================ | ============================ |
16. Creditors: amounts falling due after more than one year
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Jesus Hospital
Notes to the Financial Statements (continued)
Year ended 29 September 2021
17. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||||
|---|---|---|---|---|---|---|
| At | Gains and | At | ||||
| 30 | Sep 2020 | Income | Expenditure | Transfers | losses | 29 Sep 2021 |
| £ | £ | £ | £ | £ | £ | |
| General funds | 30,988 | 66,543 | (70,858) |
(5,253) | – | 21,420 |
| Extraordinary | ||||||
| Repair Fund | 31 | – | – |
– | – | 31 |
| Cyclical | ||||||
| Maintenance | ||||||
| Fund | 17 | – | – |
– | – | 17 |
| Chapel Fund | 5,064 | – | (79) |
– | – | 4,985 |
| ---------------------------- | ---------------------------- | ---------------------------- | ----------------------- | -------------- | ---------------------------- | |
| 36,100 | 66,543 | (70,937) |
(5,253) | – | 26,453 | |
| ============================ | ============================ | ============================ | ======================= | ============== | ============================ | |
| At | Gains and | At | ||||
| 30 | Sep 2019 | Income | Expenditure | Transfers | losses | 29 Sep 2020 |
| £ | £ | £ | £ | £ | £ | |
| General funds | 28,259 | 64,827 | (62,098) |
– | – | 30,988 |
| Extraordinary | ||||||
| Repair Fund | 31 | – | – |
– | – | 31 |
| Cyclical | ||||||
| Maintenance | ||||||
| Fund | 17 | – | – |
– | – | 17 |
| Chapel Fund | 4,949 | 294 | (179) |
– | – | 5,064 |
| ---------------------------- | ---------------------------- | ---------------------------- | -------------- | -------------- | ---------------------------- | |
| 33,256 | 65,121 | (62,277) |
– | – | 36,100 | |
| ============================ | ============================ | ============================ | ============== | ============== | ============================ | |
| Endowment funds | ||||||
| At | Gains and | At | ||||
| 30 | Sep 2020 | Income | Expenditure | Transfers | losses | 29 Sep 2021 |
| £ | £ | £ | £ | £ | £ | |
| Permanent | ||||||
| Endowment Fund | 499,791 | – | – |
5,253 | 32,545 | 537,589 |
| ================================ | ============== | ============== | ======================= | ============================ | ================================ | |
| At | Gains and | At | ||||
| 30 | Sep 2019 | Income | Expenditure | Transfers | losses | 29 Sep 2020 |
| £ | £ | £ | £ | £ | £ | |
| Permanent | ||||||
| Endowment Fund | 523,474 | – | – |
– | (23,683) | 499,791 |
| ================================ | ============== | ============== | ============== | ============================ | ================================ |
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Jesus Hospital
Notes to the Financial Statements (continued)
Year ended 29 September 2021
18. Analysis of net assets between funds
| Unrestricted | Endowment | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2021 | |
| £ | £ | £ | |
| Tangible fixed assets | 28,284 | 269,269 | 297,553 |
| Investments | – | 263,764 | 263,764 |
| Current assets | 14,068 | 4,556 | 18,624 |
| Creditors less than 1 year | (5,424) | – | (5,424) |
| Creditors greater than 1 year | (10,475) | – | (10,475) |
| ---------------------------- | -------------------------------- | -------------------------------- | |
| Net assets | 26,453 | 537,589 | 564,042 |
| ============================ | ================================ | ================================ | |
| Unrestricted | Endowment | Total Funds | |
| Funds | Funds | 2020 | |
| £ | £ | £ | |
| Tangible fixed assets | 28,284 | 269,269 | 297,553 |
| Investments | – | 231,219 | 231,219 |
| Current assets | 21,456 | 4,556 | 26,012 |
| Creditors less than 1 year | (5,424) | – | (5,424) |
| Creditors greater than 1 year | (13,469) | – | (13,469) |
| ---------------------------- | -------------------------------- | -------------------------------- | |
| Net assets | 30,847 | 505,044 | 535,891 |
| ============================ | ================================ | ================================ |
Cyclical Maintenance Fund and Extraordinary Repair Fund
The Charity's Trust deed states that the Charity may maintain a reserve fund, for the purpose of providing for those items of ordinary maintenance and repair of the almshouses. It must also maintain a reserve fund, for the purpose of providing for the extraordinary repair, improvement or rebuilding of the almshouses.
19. Related parties
There are no related party transactions to disclose in the accounts.
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Jesus Hospital
Management Information
Year ended 29 September 2021
The following pages do not form part of the financial statements.
- 16 -
Jesus Hospital
Detailed Statement of Financial Activities
Year ended 29 September 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Income and endowments | ||
| Donations and legacies | ||
| Donations - General | – | 605 |
| Collections - General and specific | – | 294 |
| -------------- | -------------- | |
| – | 899 | |
| -------------- | -------------- | |
| Charitable activities | ||
| Maintenance charges | 53,171 | 52,209 |
| Miscellaneous | 851 | – |
| ---------------------------- | ---------------------------- | |
| 54,022 | 52,209 | |
| ---------------------------- | ---------------------------- | |
| Investment income | ||
| Income from listed investments | 9,077 | 9,039 |
| Bank interest receivable | 201 | 7 |
| ----------------------- | ----------------------- | |
| 9,278 | 9,046 | |
| ----------------------- | ----------------------- | |
| Other income | ||
| Insurance claim | 3,243 | 2,967 |
| ----------------------- | ----------------------- | |
| ---------------------------- | ---------------------------- | |
| Total income | 66,543 | 65,121 |
| ============================ | ============================ | |
| Expenditure | ||
| Expenditure on charitable activities | ||
| Purchases | 79 | 179 |
| Wages and salaries | 5,799 | 5,894 |
| Rates and water | 2,910 | 2,083 |
| Light and heat | 6,281 | 6,786 |
| Repairs and maintenance | 36,030 | 28,569 |
| Insurance | 4,075 | 3,208 |
| Other establishment | 6,534 | 6,014 |
| Legal and professional fees | 2,412 | 1,584 |
| Telephone | 3,029 | 2,240 |
| Other office costs | 3,346 | 1,298 |
| Lifeline | 442 | 240 |
| Eastbridge Hospital joint venture fees | – | 4,182 |
| ---------------------------- | ---------------------------- | |
| 70,937 | 62,277 | |
| ---------------------------- | ---------------------------- | |
| ---------------------------- | ---------------------------- | |
| Total expenditure | 70,937 | 62,277 |
| ============================ | ============================ |
- 17 -
Jesus Hospital
Detailed Statement of Financial Activities (continued)
Year ended 29 September 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Net gains/(losses) on investments | ||
| Gains/(losses) on listed investments | (32,545) | 23,683 |
| ---------------------------- | ---------------------------- | |
| ---------------------------- | ---------------------------- | |
| Net income/(expenditure) | 28,151 | (20,839) |
| ============================ | ============================ |
- 18 -
Jesus Hospital
Notes to the Detailed Statement of Financial Activities
Year ended 29 September 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Expenditure on charitable activities | ||
| Hospital and Lodge | ||
| Activities undertaken directly | ||
| Community charge and rates | 2,910 | 2,083 |
| Gas & electricity | 4,184 | 4,427 |
| Repairs | 24,950 | 17,603 |
| Insurance | 4,075 | 3,208 |
| Gardening | 6,534 | 6,014 |
| Accountancy fee | 2,412 | 1,584 |
| Administration | 3,346 | 1,298 |
| Lifeline | 442 | 240 |
| Eastbridge Hospital joint venture fees | – | 4,182 |
| ---------------------------- | ---------------------------- | |
| 48,853 | 40,639 | |
| ---------------------------- | ---------------------------- | |
| Warden | ||
| Activities undertaken directly | ||
| Honorarium | 4,449 | 5,544 |
| Gas & electricity | 2,097 | 2,359 |
| Council tax & telephone | 3,029 | 2,240 |
| ----------------------- | ---------------------------- | |
| 9,575 | 10,143 | |
| ----------------------- | ---------------------------- | |
| Wardens Assistants | ||
| Activities undertaken directly | ||
| Fees | 1,350 | 350 |
| ----------------------- | -------------- | |
| Extraordinary Repair Fund | ||
| Activities undertaken directly | ||
| Repairs and improvements | 11,080 | 10,966 |
| ---------------------------- | ---------------------------- | |
| Chapel Fund | ||
| Activities undertaken directly | ||
| Chapel requisites and fees | 79 | 179 |
| -------------- | -------------- | |
| ---------------------------- | ---------------------------- | |
| Expenditure on charitable activities | 70,937 | 62,277 |
| ============================ | ============================ |
- 19 -