2021-09-30-accounts - Hawthorne Trust Limited

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Chayity Registration	Chayity Registration	Chayity Registration	Number	209230
Company		Registration	Number	293710
Governing		instrument		Memorandum	and	Articles ofAssociation dated 18th November 2021,as
				amended.
				The principal aim is to provide nursing care based on Christian Science principles.
Directors	(Trustees)			Mr BBlandford
				Mrs M Chaplin
				Mr G H Ekins (Appointed			18/03/2021)
				Mrs G A Smith
				Mr A M Holland	(Appointed		19/12/2021)
CEO/Administrator				Mrs E P Lawal
Registered		Office		Charton Manor
				Gorse Hill
				Famingham
				Kent DA4 OJT
Independent		Auditors		Myrus Smith
				Chartered Accountants
				Statutory Auditors
				Norman House,	8 Bumell Road, Sutton
				London SM1 4BW
Bankers				Lloyds Bank Pic
				130The Broadway
				Bexleyh eath
				Kent DA6 7DP
Investment		Managers		Investec Wealth	&	Investment		Ltd
				30Gresham Street
				London EC2V 7QN		&
				Sanlam Private	Investments			(UK) Ltd
				16South Park Sevenoaks
				Kent TN13 1AN
Solicitor				Stone King
				Boundary House
				91 Charterhouse	Street
				London
				EC1M 6HR
Insurance	Brokers			Arthur J.Gallagher		Insurance		Brokers Limited
				Temple Circus House
				Temple Way
				Bristol
				BS16HG

				Unrestricted	Restricted	Total	Total
				Funds	Funds	2021	2020
			Notes	f		f
Income from:
Donations and legacies			2	560,041	46,150	606,191	351,829
Charitable activities:
Contributions received			3	857,437	81,247	938,684	739,037
Investment income			4	99,175	25,765	124,940	121,738
Total Income				1,516,653	153,162	1,669,815	1,212,604
Expenditure on:
Cost ofraising funds:
Investment management		fees	5	26,339	4,181	30,520	34,522
Expenditure on charitable	activities:
Provision ofcare services			6	1,171,789	162,437	1,334,226	1,250,269
Total expenditure				1,198,128	166,618	1,364,746	1,284,791
Net income/(expenditure)	before investment
gains				318,525	(13,456)	305,069	. (72,187)
Net gains/(losses) on investments			15	668,120	94,010	762,130	(465,276)
Net income/(expenditure)			10	988,645	80,554	1,067,199	(537,463)
Transfers between funds			18
Net Movement in Funds				986,645	80,554	1,067,199	(537,463)
Reconciliation offunds:
Fund balances at the start	ofthe
reporting period			18	6,279,164	894,038	7,173,202	7,710,665
Fund balances at the end		ofthe
reporting period			10	7,205,009	974.502	0.240.401	7,170,202

			2021	2021		2020
Cash flows from operating activities:
Net movement in funds for the year.				1,067,199		(537,463)
Depreciation charges				73,231		71,417
Investment income				(124,940)		(121,738)
Loss on the disposal offixed assets				4,259
Losses/(Gains) on investments				(762,130)		465,277
(Increase)/decrease in debtors Increase/(decrease) in creditors				60,128 ~71,840		(27,071) 5,343
Net cash used in operating activities				305,907		(144,235)
Cash flows from investing activities:
Investment income				124,940		121,738
Purchase oftangible fixed assets			(136,010)		(26,676)
Purchase offixed asset investments			(1,128,934)		(883,858)
Proceeds from the sale offixed asset investments Cash (deducted from)/added to investment cash			874,054 1,393	~389,497	813,347 ~44,359	~141,546
Net cash provided by investing activities				(264,557)		(19,808)
Increase/(decrease) in cash and cash equivalents		in
the year				41,350		(164,043)
Cash and cash equivalents at the beginning	ofthe year			430,372		594,415
Total cash and cash equivalents at the end ofthe
year				471,722		430,372

2. DONATIONS AND LEGAC	IES
		2021f	2020 6
Donations		272,652	226,312
Legacies		333,539	125,517
		606,191	351,829
Of the 6351,829 recognised	in 2020, F302,549 was unrestricted	fund income and F49,280 was	restricted fund
income.
3.INCOME FROM CHARITABLE ACTIVITIES		2021	2020
			6
Contributions due from guests		883,486	672,363
Amounts due from staff/students		46,140	46,857
Phone recoveries		3,107	997
Other recoveries		5,951	18,820
		938,684	739,037

Of the 6739,037 income.	recognised in 2020, 6668,487 was unr	estricted fund income and f70,550 was r	estricted fund
4. INVESTMENT	INCOME	2021	2020
		F
From listed securities		124,479	121,008
Bank interest		461	730
		124,940	121,738

5.COST OF RAISING	5.COST OF RAISING	FUNDS	Direct	Support	Total	Total
			Costs	Costs	2021	2020
Investment	management	fees	F30,520	FNil	630,520	634,522

6.COST OF CHARITABLE ACTIVITIES	Direct	Support	Total	Total
	Costs	Costs	2021	2020
Provision of nursing care	61,122,796	F211,430	F1,334,226	61,250,269

7.ANALYSIS OF DIRECT COSTS	Raising	Charitable	Total	Total
	funds 6	activities	2021f	2020 F
Salaries and wages		634,296	634,296	653,139
Social Security costs		53,164	53,164	52,804
Other pension costs		52,480	52,480	49,669
		739,940	739,940	755,612
Investment Managers fees	30,520		30,520	34,522
Food supplies		54,535	54,535	51,160
Nursing Supplies		26,477	26,477	15,850
Contributions to nursing fees		81,223	81,223
House sundries		49,089	49,089	46,636
Repairs, maintenance and leasing		37,146	37,146	22,233
Service contracts		1,105	1,105	1,105
Travel expenses and allowances		11,824	11,824	8,888
Other professional fees		23,847	23,847	32,960
Trust sundries		21,951	21,951	29,554
Depreciation		75,659	75,659	69,271
	30,520	1,122,796	1,153,316	1,067,791

Of the 61,069,708 recognised in 2020, 61,035, of634,522 was charged to raising funds.	Of the 61,069,708 recognised in 2020, 61,035, of634,522 was charged to raising funds.	Of the 61,069,708 recognised in 2020, 61,035, of634,522 was charged to raising funds.	Of the 61,069,708 recognised in 2020, 61,035, of634,522 was charged to raising funds.	186was charged	to charitable activ	ities and Other	Expenditure
8.ANALYSIS OF SUPPORT COSTS				Raising	Charitable	Total	Total
				fundsf	activities 6	2021	2020 6
Salaries and wages					108,890	108,890	106,685
Social Security costs					8,378	8,378	11,433
Other pension costs					10,802	10,802	10,590
					128,070	128,070	128,708
Depreciation					1,831	1,831	2,146
Governance (Note 9)					4,619	4,619	11,363
Electricity and gas					32,696	32,696	28,704
Rates and insurance					37,348	37,348	36,915
Telephone					4,045	4,045	3,658
Printing, postage and	stationery				2,821	2,821	3,589
					211,430	211,430	215,083
All ofthe 6215,083recognised		in 2020 was charged to charitable			activities,
9.GOVERNANCE COSTS						2021	2020
						5	6
Auditors remuneration						4,200	10,620
Directors' expenses (Note 11)						419	743
						4,619	11,363
10.NET INCOME/(EXPENDITURE)						2021	2020
						F	5
This is stated after charging:
Depreciation						73,231	71,417
Auditors remuneration	-audit services					4,200	10,620
Pension costs (defined	contribution		scheme)			63262	49,669


15.FIXEDASSET INVESTMENTS			Government
			and Fixed
			Interest
	Total 6	Cash F	Secudties	Equities	Unit Trusts f
Market value at 1 October 2020	4,580,316	142,347	867,188	1,207,056	2,363,727
Additions in the year	1,157,160	28,226	248,803	335,277	544,854
Disposal proceeds	(903,674)	(29,620)	(298,932)	(276,153)	(298,969)
Net investment gains/(losses)
-Realised gains/(losses) on disposals	90,235		5,344	46,892	37,999
- Unrealised gains/(losses)	671,896		14,527	138,057	519,312
Market value at 30September 2021	5,595,935	140,953	836,930	1,451,129	3,166,923
Cost at 30September 2021	4,283,199	140,953	822,750	1,281,515	2,037,981
Cost at 30September 2020	3,861,252	142,347	861,221	1,184.232	1,673,452

16.DEBTORS							2021	2020
								8
Trade debtors							21,028	38,357
Other debtors							8,807	56,651
Prepayments and accrued income							29,913	24,868
							59,748	119,876
17.CREDITORS: Amounts	falling due within			one year			2021	2020
							E
Taxes snd social security							13,398	14,155
Other creditors							11,048	11,931
Trade creditors and accruals							37,755	47,955
							62.201	74,041
18.RESERVES							Gains7
				Brought			(Losses) on	Carried
				forward	Income	Expenditure 8	Investments K	forward f
2 21
Unrestricted General Fund				6,279.184	1.516,653	~1,198,128	668,12D	7,265,8D9
Restricted Funds:
Brenda Woodcock Memorial		Fund		226,738	24,467	(1,112)	25,026	275,119
Charton Manor Benevolent		Fund		72,575	21,740	(29,727)		64,588
VCSNS Fund				593,225	106,955	(135,779)	68,984	633,385
Gitts to Christian Science Nurses			Fund	1,500				1,500
				894,D38	153,162	~166,618	94 01D	974 592
				7,173,202	1,889,815	~1.384.746	762.13D	8,240,4D1

									Gains/
						Brought			(Losses) on	Carried
						forward f	Income	Expenditure f	Investments f	forward f
202IO
Unrestricted	General	Fund				6,753,913	694,605	(1,169,354)		6,279,164
Restricted Funds:
Brenda	Woodcock		Memorial	Fund		238,152	(10,054)	(1,360)		226,738
Charlon	Manor Benevolent			Fund		71,865	710			72,575
VCSNS	Fund					645,235	23,517	(75,527)		593,225
Gilts to	Christian	Science Nurses Fund				1,500	38,550	(38,550)		1,500
					7.716665		747.328	~7,284,797		7,173202
19.NETASSETS BYFUND							Brenda	Charton		Gifts to
							Woodcock	Manor		Christian
							Memorial	Benevolent	VCSNS	Science
				Totalf	General f		Fundf	Fundf	Fund	Nurses Fund f
2021
Tangible fixed assets				2,175,197	2,175,197
Investments				5,595,935	4,770,954		218,885		606,096
Net current assets				469,269		319,658	56,234	64,588	27,289	1,500
As at 30th September		2021		8,240,401	7,265,809		275,119	64,588	633,385	1,500
Comparagve	information		forthe analysis ofnet assets by		fund	in the previous year is as		follows:
							Brenda	Charton		Gifts to
							Woodcock	Manor		Christian
							Memorial	Benevolent	VCSNS	Science
				Total f	General f		Fund	Fundf	Fund	Nurses Fund
2~2
Tangible fixed	assets			2,116,677	2,116,677
Investments				4,580,318	3,574,299		190,858		815,161
Net current assets				476,207		588,188	35,880	72,575	(221,936)	1,500
As at 30th September		2020		7,173,202	6	279,164	226,738	72,575	593,225	1,500

HAWTHORNE TRUST LIMITED	HAWTHORNE TRUST LIMITED	HAWTHORNE TRUST LIMITED
OPERATING INCOME AND		EXPENDITURE			ACCOUNT					Year ended		Year ended
FOR THE YEAR ENDED 30TH SEPTEMBER 2021										30September		30September
								Note		2021		2020
INCOME
Due from guests for nursing services			(exch phones)							883,486		672,363
Due from staff and students (excl. phones)										46,140		46,857
Phone recoveries										3,107		997
Other recoveries Amounts considered	doubtful									5,951 0		18,944 ~124
Total contrlbugons	received from continuing				operations					938,684		739,037
Donations and gifts -	unrestricted									230,912		187,052
Donations and gifts -	restricted	(Benevolent		Fund)						21,740		710
Donations and gifts -	restricted	(Brenda Woodcock				Memorial	Fund)			20,000.00		0
Donations and gifts -	restricted	(Gifts	to Christian		Science Nurses Fund)					0		38,550.00
Legacies										333,539		125,517
Investment income										124,940		121,738
Total Income										689.815		1,212661
EXPENDITURE O~fi I 18 4
Investment Managers	fees									30,520		34522
Charitable activities
Contributions towards	patients fees by HTLNSCNS					Benevolent		F		81,223		0
Salaries, social security costs and pension costs										739,940		755,612
Food supplies										54,535		51,160
Nursing Supplies										25,527		15,850
Laundry										950		312
House sundries										49,089		46,636
Repairs, maintenance	and leasing									37,146		22,233
Recruitment advertising										975		1,605
Service contracts										1,105		1,105
Travel expenses and	allowances									11,824		8,888
Other professional fees										23,847		32,960
Trust sundries										20,976		29,554
Depreciation Loss on disposal Total costs in furtherance ofthe charity's 8~				objects						71,400 4258 1,122,796		69,271 1,035,186
Salaries, social security costs and pension costs										128,070		128,708
Depreciation										1,831		2,146
Oths~rggglLSINN.
Electricity and gas										32,696		28,704
Rates and insurance										37,348		36,915
Telephone										4,045		3,658
Printing, postage and	stationery									2621		3589
Total support costs										296,811		203,720
Governance costs
Professional fees (auditor's remuneration)										4,200		10,620
Directors expenses										419		743
Total management and administrative			expenditure							4,619		11,363
Total expenditure										I 384146		I 284 91
NET (EXPENDITURE)/INCOME										305,069		(72,187)
Gains on ittyggjlg~n
Realised gains/(losses) on disposal ofinvestments Unrealised (losses)/gains on investmsnts										90,234 ~11898		(18,730) ~fu 546
NET MOVEMENT IN FUNDS										31,982 199		~3532,e3
No/e 1:income due from guests		fornuming services				wss funded		ss follows	'yo		e%%d
Aid Fund for Christian	Scientists	in Need of Nursing				Care			31.7	280,335	23.2	155,972
Hawthorne Trust and other Benevolent			Funds						9.6	84,671	0.0	0
Guests and other private means									58.7	518480	76.8	516,391
									100	883486	100.0	672363