CHARITY REGISTRATION NUMBER: 206368
Jesus Hospital
Unaudited Financial Statements 29 September 2022
BURGESS HODGSON LLP
Chartered accountants Camburgh House 27 New Dover Road Canterbury Kent CT1 3DN
Jesus Hospital
Financial Statements
Year ended 29 September 2022
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 6 |
| Statement of financial activities | 7 |
| Statement of financial position | 8 |
| Notes to the financial statements | 9 |
| The following pages do not form part of the financial statements | |
| Detailed statement of financial activities | 18 |
| Notes to the detailed statement of financial activities | 19 |
Jesus Hospital
Trustees' Annual Report
Year ended 29 September 2022
The trustees present their report and the unaudited financial statements of the charity for the year ended 29 September 2022.
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
Associate Trustees
Councillor Anne Dekker (Appointed 11 May 2022) Councillor G Glover The Very Reverend Dr David Monteith (Appointed 15 December 2022) The Venerable J K Kelly-Moore (Resigned 31 October 2021) Councillor P A Todd The Very Reverend Dr Robert Willis (Resigned 30 May 2022) Mr. Colin Spooner Mr Andrew Webster
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.
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Jesus Hospital
Trustees' Annual Report (continued)
Year ended 29 September 2022
Review of the year
Jesus Hospital is an Almshouse charity which provides accommodation in the form of one and two bedroom 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.
Indwellers
Jesus Hospital is currently home to 15 individuals ranging in age from 65-92.
The greatest concern for Trustees is always what support can be given to Indwellers as they become unable to care for themselves and the need for them and their families to recognise this before the resident becomes a danger to themselves and those who live in the community around them. There is also the knock on effect to the Charity that as residents become more infirm they are not able to care for their accommodation as well as they once did. The internal decorations become tatty and eventually flats need to be fully refurbished once the occupant dies or moves away. The consequences in terms of finance to the Almshouse Charity are then significant.
One Indweller moved to a nursing home at the end of 2021 after over 20 years as an Indweller. The double flat he had occupied was then completely renovated and in March 2022 Trustees appointed a married couple to occupy this flat.
During the latter part of 2021 and into early 2022 the Covid 19 pandemic was still casting a shadow over the community as many residents were still nervous to mix and therefore the Chapel services and other social events were less well attended than before 2020.
Building Repairs and Maintenance
During 2021/22 a complete survey was carried out of all flats and communal buildings by surveyor Nigel Curtis as part of the Quinquennial Survey and various items were identified for repair, the major problem being large areas of repointing of brickwork. However, until sufficient funding can be identified for the continuation of this work this will not be possible. The following works were carried out during 2021.22;
-
All boilers serviced and Landlord Certificates renewed
-
Complete refurbishment of one double flat
-
Redecoration of external doors and windows to the rear of assembly room and flats 4B/C
-
Installation of secondary glazing to 4 windows in flat 2 John Boys Wing
-
Some urgent electrical repairs identified by the Quinquennial survey including the installation of extractor fan in shower room of Flat 12B
-
Minor plumbing repairs on two toilets
-
All gutters and downpipes cleared of debris throughout the site
-
Lead flashing replaced on the roof of the old wash house
-
New fence panel and post replaced following storm damage at Wardens Lodge
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Jesus Hospital
Trustees' Annual Report (continued)
Year ended 29 September 2022
Water Leaks/Floods
The major underground water leak identified in 2021 in the Wardens Lodge driveway was still not fully repaired until the late Autumn of 2021, the pipework underground being very ancient and made of lead. Fortunately the cost of these works was covered by and insurance claim.
On the 9th September 2022 the City experienced flash floods from a heavy storm. Several flats were affected when water found it's way through windows and under door sills. The worst affected flat was 12A which was completely flooded but this was not discovered until the resident returned from her holiday almost a week later, by which time the carpets and woodwork had soaked up the water and become covered in mould. A further was submitted to repair the damage.
Gardens
Following the retirement of the two lady gardeners in 2021 it has been difficult to find alternative help in the garden. The firm who took over in late 2021 suddenly increased their charges sufficiently to make it unaffordable. The Warden and her husband continued to keep the grass cut and carry out as much of the garden maintenance as they could during the Autumn of 2022.
Some Indwellers have portions of the garden in which to grow vegetables which they very much enjoy and get satisfaction from.
Kingsmead Riverside Development
The Warden continues to meet on a regular basis with the developers and other local residents and organisations at Stakeholder meetings and has established links with the site manager and other relevant staff connected with the student accommodation.
Building works continue and it is evident that the end date for the completion of the works has been pushed back from Spring 2023 as the residential element of the site is behind schedule
Chapel
Chapel services resumed in March 2022 on a monthly basis. Dean Robert took the services in March, and April until his retirement in May. Canon Reg Humphriss has been the main member of the clergy who regularly comes to take the services with occasional help from Rev David Corley.
Other Events
Supper Evenings
Monthly supper evenings resumed from April 2022. The Lord Mayor and her consort and Colin and Mrs Spooner (Associate Trustee) attending most. These evenings are an opportunity for neighbours to meet socially and this strengthens close links within the Jesus Hospital community.
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Jesus Hospital
Trustees' Annual Report (continued)
Year ended 29 September 2022
Death of former Warden
In April 2022 the community was sad to hear of the sudden death of former Warden, Rev Jean Taylor (2006-2008).
Farewell to Dean Robert Willis
Farewell service and lunch on the 9th May to say goodbye to Dean Robert Willis. Dean Robert was Chairman of Trustees for over 21 years. The residents of Jesus Hospital always enjoyed the close relationship with the Cathedral through the Dean enjoying the annual Tea at the Deanery and being welcomed warmly as special guests to the Evensong service afterwards.
Memorial Service for Fred Whitemore
At the end of May 2022 Trustees, residents and the Warden attended a memorial service at the Cathedral for a long standing Trustee and ex- Lord Mayor, Fred Whitemore.
Death of Queen Elizabeth II
In September 2022 Jesus Hospital, like the rest of the country were sad to hear of the death of the Queen.
Jesus Hospital works in full co-operation with the local Housing Authority, 9th Almshouse Association and the Canterbury Consortium of Almshouse
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Jesus Hospital
Trustees' Annual Report (continued)
Year ended 29 September 2022
Financial review
Going Concern
After making appropriate enquiries and considering the ongoing impact of COVID-19, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparation the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies below.
Statement of Trustees' Responsibilities
Charity law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure, for that period.
In preparing these financial statements, the trustees are required to:
-
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;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume
-
that the charity will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at 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 hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees' annual report was approved on .............................. and signed on behalf of the board of trustees by:
The Very Reverend Dr David Monteith Chairman
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Jesus Hospital
Independent Examiner's Report to the Trustees of Jesus Hospital
Year ended 29 September 2022
I report to the trustees on my examination of the financial statements of Jesus Hospital ('the charity') for the year ended 29 September 2022.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements 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 Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the financial statements do not accord with those records; or
-
the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts 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 concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mr Simon Bailey MMath FCA CTA Independent Examiner
Camburgh House 27 New Dover Road Canterbury Kent CT1 3DN
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Jesus Hospital
Statement of Financial Activities
Year ended 29 September 2022
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Unrestricted | Endowment | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Charitable activities | 4 | 54,238 | – | 54,238 | 54,022 |
| Investment income | 5 | 9,884 | – | 9,884 | 9,278 |
| Other income | 6 | 1,402 | – | 1,402 | 3,243 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| Total income | 65,524 | – | 65,524 | 66,543 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| Expenditure | |||||
| Expenditure on charitable activities | 7 | 59,684 | – | 59,684 | 70,937 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| Total expenditure | 59,684 | – | 59,684 | 70,937 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| Net (losses)/gains on investments | 8 | – | (25,711) | (25,711) | 32,545 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| Net (expenditure)/income and net | |||||
| movement in funds | 5,840 | (25,711) | (19,871) | 28,151 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| Reconciliation of funds | |||||
| Total funds brought forward | 26,453 | 537,589 | 564,042 | 535,891 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total funds carried forward | 32,293 | 511,878 | 544,171 | 564,042 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
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 9 to 16 form part of these financial statements.
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Jesus Hospital
Statement of Financial Position
29 September 2022
| 29 September 2022 | |||
|---|---|---|---|
| 2022 | 2021 | ||
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 12 | 297,553 | 297,553 |
| Investments | 13 | 238,053 | 263,764 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| 535,606 | 561,317 | ||
| Current assets | |||
| Debtors | 14 | 3,062 | – |
| Cash at bank and in hand | 17,568 | 18,624 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| 20,630 | 18,624 | ||
| Creditors: amounts falling due within one year | 15 | 4,584 | 5,424 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| Net current assets | 16,046 | 13,200 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total assets less current liabilities | 551,652 | 574,517 | |
| Creditors: amounts falling due after more than one year | 16 | 7,481 | 10,475 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Net assets | 544,171 | 564,042 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| Funds of the charity | |||
| Endowment funds | 511,878 | 537,589 | |
| Unrestricted funds | 32,293 | 26,453 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total charity funds | 17 | 544,171 | 564,042 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
These financial statements were approved by the board of trustees and authorised for issue on ........................, and are signed on behalf of the board by:
The Very Reverend Dr David Monteith Chairman
The notes on pages 9 to 16 form part of these financial statements.
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Jesus Hospital
Notes to the Financial Statements
Year ended 29 September 2022
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 2022
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 2022
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, noncharitable 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 2022
4. Charitable activities
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | ||
| £ | £ | £ | £ | ||
| Maintenance charges | 52,898 | 52,898 | 53,171 | 53,171 | |
| Miscellaneous | 1,340 | 1,340 | 851 | 851 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| 54,238 | 54,238 | 54,022 | 54,022 | ||
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| 5. | Investment income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2022 | Funds | 2021 | ||
| £ | £ | £ | £ | ||
| Income from listed investments | 9,882 | 9,882 | 9,077 | 9,077 | |
| Bank interest receivable | 2 | 2 | 201 | 201 | |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ||
| 9,884 | 9,884 | 9,278 | 9,278 | ||
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ||
| 6. | Other income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2022 | Funds | 2021 | ||
| £ | £ | £ | £ | ||
| Insurance claim | 1,402 | 1,402 | 3,243 | 3,243 | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ||
| 7. | Expenditure on charitable activities by fund type | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2022 | Funds | 2021 | ||
| £ | £ | £ | £ | ||
| Hospital and Lodge | 49,634 | 49,634 | 48,853 | 48,853 | |
| Warden | 9,922 | 9,922 | 9,575 | 9,575 | |
| Wardens Assistants | – | – | 1,350 | 1,350 | |
| Extraordinary Repair Fund | – | – | 11,080 | 11,080 | |
| Chapel Fund | 128 | 128 | 79 | 79 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| 59,684 | 59,684 | 70,937 | 70,937 | ||
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| 8. | Net (losses)/gains on investments | ||||
| Endowment | Total Funds | Endowment | Total Funds | ||
| Funds | 2022 | Funds | 2021 | ||
| £ | £ | £ | £ | ||
| Gains/(losses) on listed investments | (25,711) | (25,711) | 32,545 | 32,545 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| 9. | Independent examination fees | ||||
| 2022 | 2021 | ||||
| £ | £ | ||||
| Fees payable to the independent examiner for: | |||||
| Independent examination of the financial statements | 930 | 930 | |||
| ৶৶৶৶ | ৶৶৶৶ |
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Jesus Hospital
Notes to the Financial Statements (continued)
Year ended 29 September 2022
10. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Honorarium | 5,169 | 5,799 |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ |
The average head count of employees during the year was Nil (2021: Nil).
No employee received employee benefits of more than £60,000 during the year (2021: Nil).
11. 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.
12. 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.
13. Investments
| Listed | |
|---|---|
| investments | |
| £ | |
| Cost or valuation | |
| At 30 September 2021 | 263,764 |
| Additions | – |
| Fair value movements | (25,711) |
| ৄৄৄৄৄৄৄৄৄ | |
| At 29 September 2022 | 238,053 |
| ৶৶৶৶৶৶৶৶৶ | |
| Impairment | |
| At 30 September 2021 and 29 September 2022 | |
| Carrying amount | |
| At 29 September 2022 | 238,053 |
| ৶৶৶৶৶৶৶৶৶ | |
| At 29 September 2021 | 263,764 ৶৶৶৶৶৶৶৶৶ |
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.
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Jesus Hospital
Notes to the Financial Statements (continued)
Year ended 29 September 2022
| Year ended 29 September 2022 | |||
|---|---|---|---|
| 14. | Debtors | ||
| 2022 | 2021 | ||
| £ | £ | ||
| Prepayments and accrued income | 1,660 | – | |
| Other debtors | 1,402 | – | |
| ৄৄৄৄৄৄৄ | ৄৄৄৄ | ||
| 3,062 | – | ||
| ৶৶৶৶৶৶৶ | ৶৶৶৶ | ||
| 15. | Creditors: amounts falling due within one year | ||
| 2022 | 2021 | ||
| £ | £ | ||
| Accruals and deferred income | 1,590 | 2,430 | |
| Other creditors | 2,994 | 2,994 | |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ||
| 4,584 | 5,424 | ||
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ||
| 16. | Creditors: amounts falling due after more than one year | ||
| 2022 | 2021 | ||
| £ | £ | ||
| Other creditors | 7,481 | 10,475 | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
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Jesus Hospital
Notes to the Financial Statements (continued)
Year ended 29 September 2022
17. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | |||||||
|---|---|---|---|---|---|---|---|
| At | Gains and | At | |||||
| 30 | Sep 2021 | Income | Expenditure | Transfers | losses | 29 | Sep 2022 |
| £ | £ | £ | £ | £ | £ | ||
| General funds | 21,420 | 65,524 | (59,556) | – | – | 27,388 | |
| Extraordinary | |||||||
| Repair Fund | 31 | – | – | – | – | 31 | |
| Cyclical | |||||||
| Maintenance | |||||||
| Fund | 17 | – | – | – | – | 17 | |
| Chapel Fund | 4,985 | – | (128) | – | – | 4,857 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄ | ৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| 26,453 | 65,524 | (59,684) | – | – | 32,293 | ||
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| 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 | ||
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| Endowment funds | |||||||
| At | Gains and | At | |||||
| 30 | Sep 2021 | Income | Expenditure | Transfers | losses | 29 | Sep 2022 |
| £ | £ | £ | £ | £ | £ | ||
| Permanent | |||||||
| Endowment Fund | 537,589 | – | – | – | (25,711) | 511,878 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| 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 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
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Jesus Hospital
Notes to the Financial Statements (continued)
Year ended 29 September 2022
18. Analysis of net assets between funds
| Unrestricted | Endowment | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| Tangible fixed assets | 28,284 | 269,269 | 297,553 |
| Investments | – | 238,053 | 238,053 |
| Current assets | 16,074 | 4,556 | 20,630 |
| Creditors less than 1 year | (4,584) | – | (4,584) |
| Creditors greater than 1 year | (7,481) | – | (7,481) |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Net assets | 32,293 | 511,878 | 544,171 |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |
| 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 |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
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 2022
The following pages do not form part of the financial statements.
- 17 -
Jesus Hospital
Detailed Statement of Financial Activities
Year ended 29 September 2022
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Income and endowments | ||
| Charitable activities | ||
| Maintenance charges | 52,898 | 53,171 |
| Miscellaneous | 1,340 | 851 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 54,238 | 54,022 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| Investment income | ||
| Income from listed investments | 9,882 | 9,077 |
| Bank interest receivable | 2 | 201 |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | |
| 9,884 | 9,278 | |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | |
| Other income | ||
| Insurance claim | 1,402 | 3,243 |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| Total income | 65,524 | 66,543 |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | |
| Expenditure | ||
| Expenditure on charitable activities | ||
| Chapel requisites and fees | 128 | 79 |
| Honorarium | 5,169 | 5,799 |
| Community charge and rates | 2,579 | 2,910 |
| Gas & electricity | 5,116 | 6,281 |
| Repairs | 12,106 | 36,030 |
| Insurance | 1,554 | 4,075 |
| Gardening | 6,355 | 6,534 |
| Accountancy fee | 818 | 2,412 |
| Council tax & telephone | 2,769 | 3,029 |
| Administration | 2,163 | 3,346 |
| Lifeline | 340 | 442 |
| Major Repairs and Improvements | 20,587 | – |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 59,684 | 70,937 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| Total expenditure | 59,684 | 70,937 |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | |
| Net (losses)/gains on investments | ||
| Gains/(losses) on listed investments | 25,711 | (32,545) |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| Net (expenditure)/income | (19,871) ৶৶৶৶৶৶৶৶ |
28,151 ৶৶৶৶৶৶৶৶ |
- 18 -
Jesus Hospital
Notes to the Detailed Statement of Financial Activities
Year ended 29 September 2022
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Expenditure on charitable activities | ||
| Hospital and Lodge | ||
| Activities undertaken directly | ||
| Community charge and rates | 2,579 | 2,910 |
| Gas & electricity | 3,132 | 4,184 |
| Repairs | 12,106 | 24,950 |
| Insurance | 1,554 | 4,075 |
| Gardening | 6,355 | 6,534 |
| Accountancy fee | 818 | 2,412 |
| Administration | 2,163 | 3,346 |
| Lifeline | 340 | 442 |
| Major Repairs and Improvements | 20,587 | – |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 49,634 | 48,853 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| Warden | ||
| Activities undertaken directly | ||
| Honorarium | 5,169 | 4,449 |
| Gas & electricity | 1,984 | 2,097 |
| Council tax & telephone | 2,769 | 3,029 |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | |
| 9,922 | 9,575 | |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | |
| Wardens Assistants | ||
| Activities undertaken directly | ||
| Fees | – | 1,350 |
| ৄৄৄৄ | ৄৄৄৄৄৄৄ | |
| Extraordinary Repair Fund | ||
| Activities undertaken directly | ||
| Repairs and improvements | – | 11,080 |
| ৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| Chapel Fund | ||
| Activities undertaken directly | ||
| Chapel requisites and fees | 128 | 79 |
| ৄৄৄৄ | ৄৄৄৄ | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| Expenditure on charitable activities | 59,684 | 70,937 |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
- 19 -