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2021-12-31-accounts

HOSPITALS OF ST BARTHOLOMEW AND ST JOHN

REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

Charity Registration No. 209221

HOSPITALS OF ST BARTHOLOMEW AND ST JOHN

CONTENTS

Page
Reference and Administrative Details 1
Report of the Trustees 2 - 4
Independent Examiner's Report 5
Statement of Financial Activites 6 - 7
Balance Sheet 8
Notes to the Financial Statements 9 - 15

HOSPITALS OF ST BARTHOLOMEW AND ST JOHN

REFERENCE AND ADMINISTRATIVE DETAILS

Trustees - Nominative

Cllr. Mr D Owen Cllr. Mr P Graham Cllr. Mr J Martin Cllr. Major K Miles

Trustees – Co-optative

Mrs W Peacock Mr C Medlicott Mrs H Molyneux-Gerken Dr R Mohr Mrs S Moberly

Ex-Officio Trustee (Vicar of St. Leonard's Church)

Revd. M Darkins

Key Management Personnel

Clerk to the Trustees

Trustees (as above) T R Lawrence Mr T R Lawrence 49 High Street Hythe Kent

Independent Examiner

M A Wilkes, FCA Azets Audit Services Ashford Commercial Quarter 1 Dover Place Ashford Kent

Banker

National Westminster Bank Plc 49 Sandgate Road Folkestone Kent

1

HOSPITALS OF ST BARTHOLOMEW AND ST JOHN

REPORT OF THE TRUSTEES

The Trustees present their report and financial statements of the charity for the year ended 31 December 2021. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and financial statements of the charity.

The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK published on 16 July 2014, as ameneded by Bulletin1.

Public Benefit Statement

The Trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Trust’s aims and objectives and in planning future activities.

Objectives and Activities

The objective of the charity is to provide accommodation for the elderly in need, who must be over the age of 60 and have lived in the Parish of St Leonards, Hythe for not less than 10 years.

Achievements and performance in the year (including financial review)

The charity provides accommodation in the form of 7 self-contained flat-lets in a part-medieval, part post Second World War building, conveniently situated at 150 High Street, Hythe. The maintenance contribution per resident has increased to £81 weekly, to include heating, lighting, hot water and individual cooking facilities. A relatively quiet year with no disasters. Due to Covid-19 meetings of the Trustees could not be held until July, but management of the home still ran smoothly and it was greatly improved by the refurbishment the common room and installation of communal Broadband and the use of a laptop here for those without one.

Income decreased by approximately £2,000 in the year and expenditure has increased on the previous year by around £10,000, mainly due to renovations to the common room in the current year. A deficit for the year of £3,710 (2020: surplus £8,493) has been reported, before gains/losses on investments.

The net movement in funds after gains on investment is an increase of £8,331 (2020: decrease £16,101). This resulted in reserves at 31 December 2021 of £244,338 (2020: £236,007).

Investment policy

The Trustees may invest, as they see fit for the benefit of the charity, all funds in the Income Fund. The investments are decided by a resolution of the Trustees at Trustees meetings.

Reserve policy

The Trustees consider the level of unrestricted reserves to be adequate. At 31 December 2021 the unrestricted reserves amounted to £42,640 (2020: £43,374). It is the aim to have a minimum of 1 years normal expenditure, averaging at around £30,000 (2020: £30,000), to safeguard the future of the charity.

The Permanent Endowment fund represents the value of the original investments defined as permanent endowment in the charity's governing document. Any appreciation arising from this sum is shown as part of the permanent endowment fund. At 31 December 2021 the fund had a balance of £30,698 (2020: £28,706).

The Expendable Endowment fund is for the purpose of providing for the extraordinary repair, improvement of rebuilding of the almshouses belonging to the charity. At 31 December 2021 the fund had a balance of £991 (2020: £969).

Designated funds represent the 'Fixed asset fund' which is the value of tangible fixed assets and investments designated to by the Trustees to provide an income stream and the 'repair and renovation fund' which is to provide for future repairs and renovations for the flat-lets. The value of the funds amount to £170,008 (2020: £162,958).

2

HOSPITALS OF ST BARTHOLOMEW AND ST JOHN

REPORT OF THE TRUSTEES

Risk register

The Trustees have developed a list of the current risk factors which have the potential for endangering the operations of the charity and are satisfied with this analysis and the measures which have been taken to mitigate the effects of these factors.

The main risks to the charity are the usual Health and Safety issues, which the Trustees keep under regular review. In addition, income comes mainly from rental income from the flats as investment income. All reasonable steps were taken to protect the Residents from Covid-19 and the usual risks for the elderly.

Going concern

The Trustees have taken all the necessary steps to ensure our residents remain safe and well. We have been fortunate that we have not suffered any loss of income as maintenance payments continues to be paid. No large items of expenditure have been necessary and our bank balances have remained stable. The investment portfolio has recovered and a new Trustee with investment expertise has been appointed and his advice will be acted upon in 2022. Based on this the Trustees consider the charity to be a going concern.

Plans for the future

The Trustees plan to make the Hospital garden safer and more usable for the residents by having a larger area of non-slip paving with associated works and to maintain high standards of safety and upkeep in the home.

Structure

The charity has its origins in a Charter dated October 1336 by Hamo De Hethe, Bishop of Rochester and is registered with the Charity Commission, number 209221.

Governance and Management

The Trustees of the Hospitals of St Bartholomew and St John are responsible for the general control and management of the administration of the charity.

During the year the following were Trustees of the charity:

Mr C Medlicott Revd. A Sweeney (resigned November 2020)
Mr S Popple (resigned 26 July 2021) Mrs H Molyneux-Gerken
Mrs W Peacock Dr R Mohr
Mr A J Ewart-James (resigned September 2021) Cllr M Whybrow (resigned November 2021)
Cllr. Mr D Owen Cllr Mrs P Graham (appointed November 2021)
Mrs S Moberly Revd. M Darkins (appointed February 2022)
Cllr J Martin (appointed November 2021) Cllr Major K Miles (appointed November 2021)

The body of Trustees consist of 10 persons being: An Ex-officio Trustee (the vicar of the parish of St Leonards, Hythe) 4 Nominative Trustees (appointed by the town council for the term of 4 years at a council meeting), 5 Cooptative Trustees (persons who through residence, occupation or employment, or otherwise have special knowledge of the town of Hythe). They are nominated by resolution of the Trustees for a term of 5 years.

Key Management Personnel

The Trustees consider the Trustees and the clerk to the Trustees comprise the key management personnel of the charity in charge of directing and controlling, running and operating the charity on a day to day basis. The key management personnel are involved in all decision making and responsible for the day to day management of the charity. All Trustees give of their time freely and no Trustee received remuneration in the year.

3

HOSPITALS OF ST BARTHOLOMEW AND ST JOHN

REPORT OF THE TRUSTEES

Statement of Trustees’ Responsibilities

The Trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The Trustees are responsible for keeping proper accounting records that 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, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. 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.

T R Lawrence Clerk

Date: 19 July 2022

4

HOSPITALS OF ST BARTHOLOMEW AND ST JOHN

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2021 which are set out on pages 6 to 15.

Responsibilities and basis of report

As the charity's Trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity’s accounts 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:.

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.

M A Wilkes FCA Azets Audit Services

…................................. Ashford Commercial Quarter 1 Dover Place Ashford Kent TN23 1FB

5

HOSPITALS OF ST BARTHOLOMEW AND ST JOHN

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021

----- Start of picture text -----
Permanent Expendable
Endowment Endowment Unrestricted Total Total
Note Fund Fund Fund 2021 2020
£ £ £ £ £
Income from:
Charitable activities
Contributions received from residents - - 29,575 29,575 30,175
Investment income
Dividends received - - 3,422 3,422 4,660
Interest received 21 22 234 277 305
Total income 21 22 33,231 33,274 35,140
Expenditure on:
Charitable activities
Property running costs 3 - - 36,984 36,984 26,647
- -
Total expenditure 36,984 36,984 26,647
Net income before gains on investments 21 22 (3,753) (3,710) 8,493
Gain/(loss) on investment assets 7 1,971 - 10,070 12,041 (24,594)
Net movement in funds 1,992 22 6,317 8,331 (16,101)
Reconciliation of funds:
Fund balances at 1 January 2021 28,706 969 206,332 236,007 252,108
Fund balances at 31 December 2021 30,698 991 212,649 244,338 236,007
----- End of picture text -----

All recognised gains and losses are included in the Statement of Financial Activities

All income and expenditure derive from continuing activities.

6

HOSPITALS OF ST BARTHOLOMEW AND ST JOHN

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021

----- Start of picture text -----
COMPARATIVE INFORMATION ONLY Permanent Expendable
Endowment Endowment Unrestricted Total Total
Note Fund Fund Fund 2020 2019
£ £ £ £ £
Income from:
Charitable activities
Contributions received from residents - - 30,175 30,175 30,175
Investment income
Dividends received - - 4,660 4,660 5,207
Interest received 23 24 258 305 274
Total income 23 24 35,093 35,140 35,656
Expenditure on:
Charitable activities
Property running costs 3 - - 26,647 26,647 33,947
- -
Total expenditure 26,647 26,647 33,947
Net income before gains on investments 23 24 8,446 8,493 1,709
(Loss)/gain on investment assets 7 (5,958) - (18,636) (24,594) 6,858
Net movement in funds (5,935) 24 (10,190) (16,101) 8,567
Reconciliation of funds:
Fund balances at 1 January 2020 34,641 945 216,522 252,108 243,541
Fund balances at 31 December 2020 28,706 969 206,332 236,007 252,108
----- End of picture text -----

All recognised gains and losses are included in the Statement of Financial Activities

All income and expenditure derive from continuing activities.

7

HOSPITALS OF ST BARTHOLOMEW AND ST JOHN

BALANCE SHEET AS AT 31 DECEMBER 2021

----- Start of picture text -----
2021 2020
Note £ £ £ £
FIXED ASSETS
Tangible assets 6 33,163 36,564
Investments 7 168,534 156,069
201,697 192,633
CURRENT ASSETS
Debtors 8 3,609 1,088
Cash at bank and in hand 42,061 43,776
45,670 44,864
CREDITORS: amounts falling
due within one year 9 (3,029) (1,490)
NET CURRENT ASSETS 42,641 43,374
NET ASSETS 244,338 236,007
FUNDS
Permanent endowment fund 10 30,698 28,706
Expendable endowment fund 11 991 969
Designated funds 12 170,008 162,958
Unrestricted fund 42,641 43,374
13 244,338 236,007
----- End of picture text -----

Approved by the Board of Trustees on 19 July 2022 and signed on their behalf by:

……………………….

Mrs W Peacock Trustee

……………………….

Dr R Mohr Trustee

……………………….

Mr R C P Medlicott Trustee

8

HOSPITALS OF ST BARTHOLOMEW AND ST JOHN

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

1. ACCOUNTING POLICIES

1.1 Basis of preparation

Hospitals of St. Bartholomew and St. John is a registered charity with the Charity Commission in the United Kingdom. The address of the registered office is given in the charity information on page 1 of these financial statements. The nature of the charity’s operations and principal activities is to provide accommodation for the elderly in need, who must be over the age of 60 and have lived in the Parish of St Leonards, Hythe for not less than 10 years.

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK (FRS 102) issued on 16 July 2014 as amended by bulletin 1, the Charities Act 2011, and UK Generally Accepted Practice as it applies from 1 January 2015.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are prepared in sterling which is the functional currency of the charity and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

1.2 Funds accounting

Unrestricted general funds are funds which can be used in accordance with the charitable objects at the discretion of the Trustees.

Expendable endowment fund represents investments specifically named in the Scheme as forming the original expendable endowment.

Designated funds represent funds invested in fixed assets. The designated fund balance has been represented to ensure that fund balance stated accurately reflects the designation policy adopted by the Trustees.

Permanent endowment fund represents investments specifically named in the Scheme as forming the original permanent endowment. Any appreciation arising from this sum is shown as part of the permanent endowment fund.

1.3 Income recognition

All income included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

1.4 Expenditure recognition

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings:

9

HOSPITALS OF ST BARTHOLOMEW AND ST JOHN

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

1. ACCOUNTING POLICIES

1.5 Tangible fixed assets

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives as follows:

Improvements to hospital - 10% reducing balance Computer Equipment - 3 years straight line

The ownership of the almshouses was transferred to the charity following the amalgamation of two previous charities. No value had previously been placed on the almshouses and the Trustees are of the opinion that to undertake a formal valuation would be cost prohibitive and therefore they are included at nil value.

1.6 Investments Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value with changes recognised in ‘net gains / (losses) on investments’ in the SoFA if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

1.7 Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

1.8 Financial instruments

The trust 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.

1.9 Tax

The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.

1.10 Going concern

The financial statements have been prepared on a going concern basis as the Trustees believes that no material uncertainties exist. The Trustees has considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

1.11 Judgements and key sources of estimation uncertainty

Accounting 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 the circumstances.

Depreciation

The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are reassessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets. See note 7 for the carrying amount of the property plant and equipment, and note 1.6 for the useful economic lives for each class of assets.

10

HOSPITALS OF ST BARTHOLOMEW AND ST JOHN

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

2 Permanent endowment invested on a total return basis

The charity has been granted the investment power of total return by the Charity on 7 August 1987. This power permits the Trustees to invest permanently endowed funds to maximise total return and therefore to apply an appropriate portion of the unapplied total return to income. The unapplied total return remains invested as part of the permanent endowment until that power is exercised. When exercised it allows the Trustees to apply an appropriate portion of the unapplied total return to income each year.

At 1 January 2021
Unapplied total return
Movements
Dividend return
Gains
Net movement in the year
Total		 Endowment
for
investment
£
28,706
-
28,706
21
1,971
1,992
1,992
30,698		 Unapplied
Total Return
£
969
969
22
-
22
22
991		 Total
endowment
£
29,675
-
29,675
43
1,971
2,014
2,014
31,689

11

HOSPITALS OF ST BARTHOLOMEW AND ST JOHN

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

----- Start of picture text -----
3. EXPENDITURE Direct Support Total Total
Costs Costs 2021 2020
£ £ £ £
Charitable activities:
Property running costs 25,026 11,958 36,984 26,647
4. SUPPORT COSTS Total Total
2021 2020
£ £
Depreciation 3,785 4,066
Subscriptions 182 179
Internet 377 -
Sundry - 123
Contribution to Prioress's holiday 1,349 929
Clerk's salary 3,000 3,000
Printing - 795
Governance
Bookkeeping 325 325
Clerk's expenses 600 600
Independent examiner's fee 1,920 804
Other accountancy costs - meeting attendance 420 -
11,958 10,821
5. TRUSTEES REMUNERATION AND EXPENSES
----- End of picture text -----

The charity employed no staff during 2020 and 2021.

None of the Trustees received remuneration or reimbursed expenses during the year (2020: nil).

The Trustees consider the board of Trustees and the Clerk to the Trustees comprise the key management personnel of the charity in charge of directing and controlling, running and operating the charity on a day to day basis. As detailed above, no trustees received remuneration during the period. The remuneration to the key management personnel totalled £3,000 (2020: £3,000).

12

HOSPITALS OF ST BARTHOLOMEW AND ST JOHN

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

6.
TANGIBLE FIXED ASSETS
Improvements to
the hospital and flats
£
Cost
As at 1 January 2021
114,103
Additions
384		 6.
TANGIBLE FIXED ASSETS
Improvements to
the hospital and flats
£
Cost
As at 1 January 2021
114,103
Additions
384
As at 31 December 2021 114,487
Depreciation
As at 1 January 2021
Charge for the year		 77,539
3,785
As at 31 December 2021 81,324
Net Book Value
As at 31 December 2021		 33,163
As at 31 December 2020 36,564

No value has been placed on the original buildings, which date from time immemorial, as it is the Trustees' intentions to incur expenditure charged to revenue to maintain buildings in a satisfactory condition. The Trustees do not consider the expense of obtaining a valuation of the buildings to be justified.

7.
INVESTMENTS
Market value at 1 January 2021
Unrealised gains/(losses)
Interest added in year
Market value at 31 December 2021
The investments are categorised at the year end as follows:
Quoted investments not listed on recognised stock exchange
Cash on deposit
Historical cost at 31 December 2021 of non-cash investments
Major Components
Cash on deposit
COIF Investment Fund
BlackRock Charities UK Bond Fund A Inc
Invesco UK Equity income (UK) (no trail) income shares		 2021
£
156,069
12,041
424
168,534
124,829
43,705
168,534
23,443
£
43,705
21,129
8,453
90,639		 2020
£
180,358
(24,594)
305
156,069
112,640
43,429
156,069
23,295
£
43,429
18,504
9,045
80,307

13

HOSPITALS OF ST BARTHOLOMEW AND ST JOHN

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

8.
DEBTORS
Prepayments and Accrued Income
9.
CREDITORS:Amounts falling due within
Accrued expenses
10.
PERMANENT ENDOWMENT FUND
Permanent Endowment Fund - 2021
Permanent Endowment Fund - 2020		 one year
Balance
brought
forward
£
28,706
Balance
brought
forward
£
34,641		 Income
Expenditure
£
£
21
-
Income
Expenditure
£
£
23
-
Movement in Funds
Movement in Funds		 2021
£
3,609
2021
£
3,029
3,029
Unrealised
gains
£
1,971
Unrealised
(losses)
£
(5,958)		 2020
£
1,088
2020
£
1,490
1,490
Balance
carried
forward
£
30,698
Balance
carried
forward
£
28,706

The Permanent Endowment fund represents the value of the original investments defined as permanent endowment in the charity's governing document. Any appreciation arising from this sum is shown as part of the permanent endowment fund.

11. EXPENDABLE ENDOWMENT FUND

Extraordinary Repair Fund - 2021
Extraordinary Repair Fund - 2020		 Balance
brought
forward
£
969
Balance
brought
forward
£
945		 Income
Expenditure
£
£
22
-
Income
Expenditure
£
£
24
-
Movement in Funds
Movement in Funds		 Unrealised
gains
£
-
Unrealised
gains
£
-		 Balance
carried
forward
£
991
Balance
carried
forward
£
969

The Extraordinary repair fund is for the purpose of providing for the extraordinary repair, improvement of rebuilding of the almshouses belonging to the charity.

14

HOSPITALS OF ST BARTHOLOMEW AND ST JOHN

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

12. DESIGNATED FUNDS

Fixed asset fund
Repair and renovation fund
Total
Fixed asset fund
Repair and renovation fund
Total
2021
2020		 Balance
brought
forward
159,446
3,512
162,958
Balance
brought
forward
180,891
3,512
184,403		 £
7,050
-
7,050
£
-
-
-
New
designation
New
designation		 £
-
-
-
£
(21,445)
-
(21,445)
Designation
released
Designation
released		 Balance
carried
forward
£
166,496
3,512
170,008
Balance
carried
forward
£
159,446
3,512
162,958

The Fixed asset fund represents the value of tangible fixed assets and investments designated to by the Trustees to provide an income stream. This is to protect the charity should there be a fall in contributions from residents due to voids in the occupancy of the Almshouses.

The repair and renovation fund is to provide for future repairs and renovations for the flat-lets.

13. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Permanent
Expendable
Endowment
Endowment
£
£
Fund balances at 31 December 2021 are represented by:
Tangible fixed assets
-
-
Investments
30,698
991
Current assets
-
-
Current liabilities
-
-
30,698
991
Permanent
Expendable
Endowment
Endowment
£
£
Fund balances at 31 December 2020 are represented by:
Tangible fixed assets
-
-
Investments
28,706
969
Current assets
-
-
Current liabilities
-
-
28,706
969		 Unrestricted
£
-
-
45,670
(3,029)
42,641
Unrestricted
£
-
-
44,864
(1,490)
43,374		 Designated
£
33,163
136,845
-
-
170,008
Designated
£
36,564
126,394
-
-
162,958		 Total
£
33,163
168,534
45,670
(3,029)
244,338
Total
£
36,564
156,069
44,864
(1,490)
236,007

14. RELATED PARTY TRANSACTIONS

There were no related party transactions during the year (2020: None).

15