2023-09-30-accounts - Hawthorne Trust Limited

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Charity Registration	Charity Registration	Charity Registration	Number	209230
Company	Registration		Number	293710
Governing		Instrument		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
				Mrs G A Smith
				Mr A M Holland
CEO/Administrator				Mrs EP Lawal - To 29			August	2023
Registered		Office		Charton Manor
				Gorse Hill
				Farningham
				Kent DA4 OJT
Independent		Auditors		Myrus Smith
				Chartered Accountants
				Statutory Auditors
				Norman House, 8 Burneff Road, Sutton
				London SM1 4BW
Bankers				Lloyds Bank Pic
				130The Broadway
				Bexleyheath
				Kent DA6 7DP
Investment		Managers		Investec Wealth 8 Investment				Ltd
				30 Gresham Street
				London EC2V 7QN		&
				Atomos Investments		Limited.
				16South Park Sevenoeks
				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
				Bdstol
				881 6HG

			Unrestncted	Restricted	Total	Total
			Funds	Funds	2023	2022
		Notes	f	6
Income from:
Donations and legacies		2	604,714	17,020	621,735	649,622
Charitable activities:
Contributions received		3	328,432	46,984	375,415	636,198
Investment income		4	110,596	23,187	133,783	126,157
Total Income			1,043,742	87,192	1,130,932	1,411,978
Expenditure on:
Cost ofraising funds:
Investment management	fees	5	26,079	5,988	32,067	33,713
Expenditure on chsnteble	actlvifies:
Provision ofcare services		6	1,408,653	220,227	1,628,880	1,443,385
Total expenditure			1,434,731	226,215	1,660,946	1,477,098
Net income/(expenditure)	before investment
gains			(390,990)	(139,024)	(530,014)	(65,121)
Nst gains/(losses) on investments		15	3,969	20,122	24,091	(591,583)
Nst Income/(expenditure)		10	(387,021)	(118,901)	(505,923)	(656,704)
Transfers between funds		18	(70,987)	70,987
Net Movement in Funds			(458,008)	(47,914)	(505,923)	(656,704)
Reconciliation olfunds:
Fund balances at the start	ofthe
reporting period		18	6,802,844	780,853	7,583,697	8,240,401
Fund balances atthe end ofthe
reporting period		18	6,344,836	732,939	7,077,774	7,583,697

						2023		2022
					Notes		f
FIXED ASSETS
Tangible fixed assets Investments					14 15		2,134,614 4 18849		2,155,980 86 29
							6,323,109		7,112,509
CURRENT ASSETS
Debtors					16	108,551		63,584
Cash at bank and	in hand					719,504		4 241
						828,055		536,001
CREDITORS: amounts falling			due
within one	year				17	73,390
NET CURRENT	ASSETS						754 865		471 188
TOTAL ASSETS LESS CURRENT
LIABILITIES					19		7577 774		7,589 697
THE FUNDS OF THE CHARITY
Unrestricted
General Funds					18		6,344,836		6,802,844
Restricted
Hawthorne Trust	)Charton	Manor) Benevolent		Fund	18				3,898
Brenda Woodcock Memorial			Fund		18		256,992		247,975
Visiting Christian	Science	Nurse Service			18		474,446		527,480
Gifts to Christian	Science	Nurses Fund			18		1,500		1,500
TOTALCHARITY	FUNDS						77774,		7,583,697

			2023			2022
Cash flows from operating activities:
Net movement in funds for the year				(505,923)		(656,704)
Depreciation charges				79,068		76,747
Investment income				(133,783)		(126,157)
Loss on the disposal offixed assets
Losses/(Gains) on investments				(24,091)		591,583
(Increase)/decreese in debtors				(44,967)		(3,834)
Increase/(decrease) in creditors				8,577		2,612
Net cash used in operating activities				(621,119)		(115,753)
Cash flows from investing activities:
Investment income				133,783		126,157
Purchase oftangible fixed assets			(57,702)		(57,530)
Purchase offixed asset investments			(1,053,388)		(1,506,328)
Proceeds from the sale offixed asset investments Cash (deducted from)/added to investment cash			1,802,198 43 314	734422	1,528,274 23473 ,	~9.739
Net cash provided by Investing activities				868.206		116,448
Increase/(decrease) in cash and cash equivalents		In
the year				247,087		695
Cash and cash equivalents at the beginning	ofthe year			472,417		471,722
Total cash and cash equivalents at the end ofthe
year				19 34		472 417

2.DONATIONS AND LEGACIES
	2023	2022
		E
Donations	89,122	103,612
Legacies	532,612	546,010
		Ifl9,622

3.INCOME FROM CHARITABLE ACTIVITIES	2023	2022
	6	8
Contributions due from guests Amounts due from staff/students Phone recoveries Other recoveries	340,175 31,219 735 3,287 593,251 34,471 1,032 7,444 35.5, 8

Of the C536,198 income.	recognised in 2022, 6565,532 was unr	estricted fund income and 670,666 was r	estricted fund
4.INVESTMENT	INCOME	2023	2022
			8
From listed securities		132.219	125,624
Bank interest			533
			7

5.COST OF RAISING FUNDS	5.COST OF RAISING FUNDS	Direct	Support	Total	Total
		Costs	Costs	2023	2022
Investment management fees		532,067	FNII	832,067	833,713
Of the 633,713 expenditure	recognised	in 2022, 527,733 was	charged to unrestricted funds		and 65,980 was
charged to restricted funds.
6.COST OF CHARITABLE ACTIVITIES		Direct	Support	Total	Total
		Costs	Costs	2023	2022
Provision of nursing care		61,322,378	6306,501	61,628,880	51,443,385

7.ANALYSIS OF DIRECT COSTS	7.ANALYSIS OF DIRECT COSTS	7.ANALYSIS OF DIRECT COSTS	Raising	Charitable		Total	Total
			funds F	activities f		2023 f	2022f
Salaries and wages				775,581		775,581	655,963
Social Security costs				66,566		66,566	55,122
Other pension costs				58,294		58,294	51,344
				900,441		900,441	762,429
Investment Managers	fees		32,067			32,067	33,713
Food supplies				33,201		33,201	45,790
Nursing Supplies				17,129		17,129	26,480
Contributions to nursing fess				113,448		113,448	168,344
House sundries				31,284		31,284	44,038
Repairs, maintenance	and leasing			44,592		44,592	28,612
Service contracts							138
Travel expenses and allowances				16,339		16,339	14,069
Other professional fees				32,134		32,134	25,573
Trust sundries				16,575		16,575	29,057
Compensation payouts Depreciation			3353	40,000 77,235 3,3 3	4D,000 77,235 74,916 .35,5,» 5
Of the f1,253,159recognised in 2022, f1,219,446 was charged off33,713was charged to raising funds.				to charitable	activities	and Other	Expenditure
8.ANALYSIS OF SUPPORT COSTS			Raising	Charitable		Total	Total
			funds	activities		2023	2022
						f
Salaries and wages				175,222		175,222	113,981
Social Security costs Other pension costs				17,032 ~16123	17,032 ~16123		13,517 ~tt 526
				208,377		208,377	139,024
Depreciation				1,834		1,834	1,831
Governance (Note 9)				7,233		7,233	4,869
Electricity and gas				32,193		32,193	33,534
Rates and insurance				49,903		49,903	36,218
Telephone				3,808		3,808	4,149
Printing, postage and stationery				3,154		3,154	4,314
				306,501		306,501	223,939
All ofthef223,939recognised		in 2D22 wss charged to charitable		activities.
9.GOVERNANCE COSTS						2023f	2022 F
Auditors remuneration						3,960	3,900
Directors' expenses (Note 11)						3,273	969
						7,233	~4869
10.NET INCOME/(EXPENDITURE)						2023f	2022f
This is stated after charging:
Depreciation						79,068	76,747
Auditors remuneration Pension costs (defined	-audit services contribution scheme)					3,960 74,418	3,900 ~62 870


14.TANGIBLE	FIXED ASSETS		Motor vehides
		Freehold land	furniture and
		and buildings f	equipment	Totalf
COST
At 1st October	2022	3,242,582	379,815	3,622,397
Additions		16,104	41,598	57,702
Disposals
At 30th September 2023		3,258,686	421 413	3600 000
DEPRECIATION
At 1st October	2022	1,168,236	298,181	1,466,417
Disposals
Charge for the	year	57,173	21,895	79,068
At 30th September 2023		1,225,409	320,076	1,545,485
NET BOOK VALUE
At 30th September 2023		2,033,277	101,337	2,134,614
At 30th September 2022		2,074,346	81,634	2,155,980

15.FIXEDASSET INVESTMENTS	15.FIXEDASSET INVESTMENTS			Government
				and Fixed
				Interest
		Total	Cash f	Securities f	Equities	Unit Trusts 6
Market value at 1 October 2022		4,956,529	115,076	830,952	1,155,597	2,854,904
Additions in the year		1,086,883	33,495	585,232	3.217,767	(2,749,611)
Disposal proceeds		(1,879,009)	(76,811)	(653,589)	(1,148,609)
Net investment gains/(losses)
-Realised gains/(losses) on	disposals	51,682		13,531	38,151
-Unrealised gains/(losses)		(27,590)		(14,269)	(14,489)	1,168
II*t I t308 pt I	2023	4100405	71,780	701 057	3248417	100401
Cost at 30September 2023		3,957,412	71,759	802,060	2,963.339	120,254
Cost at 30September 2022		4,283,199	115,074	983,953	984,569	2,518,445

16.DEBTORS									2023	2022
										6
Trade debtors									77,171	24,207
Other debtors									8,987	2,902
Prepayments and accrued income									22,393	36,475
									100551	63,504
17.CREDITORS: Amounts		falling due within			one year				2023	2022
									6	6
Taxes and social security									27,550	21,312
Other creditors									11,655	12,470
Trade creditors and	accruals								34,185	31,031
									73390	04013
18.RESERVES								Gains/
					Brought			(Losses) on		Carried
					forward	Income	Expenditure	Investments	Transfers	forward
					F	F		6	6	6
2023
Unrestricted General	Fund				6,002,044	1043742	,~1,,434,731	3,009	~70987	0,,344,030
Restricted Funds:
Brenda Woodcock	Memorial		Fund		247,975	2,599	(1,554)	7,972		256,992
Charton Manor Benevolent			Fund		3,898		(74,885)		70,987
VCSNS Fund					527,480	84,592	(149,777)	12,150		474,446
Gifts to Christian Science		Nurses		Fund	1,500					1,500
					700,053	87,192	~226,215	20,122	70,907	732,930
					7,503,697	1,130,932	~\,000,046	24,091		7,077,774

Comparative	informat	ion for the	movem	ent i	n reserves in t	he previous ye	ar is as follows:
								Gains/
					Brought			(Losses) on		Canied
					forward E	Income f	Expenditure	Investments E	Transfers f	forward E
2022
Unrestricted	General	Fund			7,265,809	1,314,337	(1,215,319)	(511,983)	(50,000)	6,802,844
Restricted Funds:
Brenda	Woodcock Memorial		Fund		275,119	3,889	(5,554)	(25,479)		247,975
Charton	Manor	Benevolent	Fund		64,588		(110,690)		50,000	3,898
VCSNS Fund					633,385	93,751	(145,535)	(54,121)		527,480
Gifts to	Christian	Science Nurses		Fund	1,500					1,500
					8,240,401	1,411,977	1 477,098	591583		7,583,697
19.NET ASSETS BYFUND							Brenda	Charton		Gifts to
							Woodcock	Manor		Christian
							Memorial	Benevolent	VCSNS	Science
					Total E	General f	Fund E	Fund E	Fundf	Nurses Fund E
2023
Tangible fixed assets					2,134,614	2,134,614
Investments					4,188,495	3,434,117	206,127		548,251
Net current assets					754,665	776,105	50,865		(73,806)	1,500
As at 30th September		2022			7,077,774	6,344,836	256,992		474446	1500

			Brenda	Cbarton		Gifts	to
			Woodcock	Manor		Christian
			Memorial	Benevolent	VCSNS	Science
	Total E	General f	Fund E	Fund	Fund E	Nurses f	Fund
2022
Tangible fixed assets	2,155,980	2,155,980
Investments	4,956,529	4,241,031	195,552		519,946
Net current assets	471,188	405,833	52,423	3,898	7,534		1,500
As at 30th September 2021	7,583,697	6802,844	247,975	3,898	527,480		1,500

HAW1HORNE TRUST LIMITED	HAW1HORNE TRUST LIMITED	HAW1HORNE TRUST LIMITED	HAW1HORNE TRUST LIMITED
OPERATING INCOME AND		EXPENDITURE					ACCOUNT					Year ended		Yearended
FOR THE YEAR ENDED 30TH SEPTEMBER 2023												30September		30September
											Note	2023		2022
INCOME
Due from guests for nursing services (excl.						phones)					1	340 175		593,251
Due from staff and students (excl. phones)												31,219		34,471
Phone recoveries												735		1,032
Other recoveries												3,287		7,444
Amounts considered	doubtful											0		0
Total contributions	received from conginuing						operations					375,415		636,198
Donations and gifts -	unrestricted											89,122		103,612
Donebons and gifts -	restricted		(Benevolent			Fund)						0		0
Donations and gifts -	restricted		(Brenda		Woodcock Memorial				Fund)					0
Donations and gifts -	restricted		(Gtfls to		Christian		Science Nurses			Fund)		0
Legacies												532,612		546,010
Investment income												133,783		126,157
Total income														1,411,977
EXPENDITURE
Eg~f(sSnf nds Investment Managers fees												32,067		33,713
QIEIEgble actlvlges Contributions towards	patients	fees by HTLIVSCNS						Benevolent		Fund	1	113,448		168,344
Salaries, social security costs end pension						costs						900,441		762,429
Food supplies												33,201		45,790
Nursing Supplies												15,672		25,681
Laundry												1,458		798
House sundries												31,285		44,039
Repairs, maintenance	and leasing											44,592		28,612
Recruitment advertising												570		895
Senrica corttrscts												0		138
Travel expenses and	allowances											16,339		14,069
Other professional fees												32,134		25,573
Trust sundries												16,005		28,162
Compensation payouts Depreciagon												40,000 77,235		74,916
Loss on disposal												0		0
Total costs in furtherance of		the charity's				ob)eats						1,322,378		1,219,446
Eggggrt c~o
Salaries, social security costs and pension						costs						208,377		139,024
Depreciation												1,834		1,831
Electncity and gas Rates and insurance												32,193 49,903		33,534 36,218
Telephone												3,808		4,149
Printing, postage and	stabonery											3,154
Total support costs												299,269		219,070
E~vrn n 8999)E Professional fees (auditor's remuneration)												3,960		3,900
Directors expenses														969
Total management and administrative				expenditure								7,233		4,869
Total expenditure
NET (EXPENDITURE)IINCOME												(530,014)		(65,121)
Reagsed gains/(losses) on disposal of				investments								51,682		9,542
Unrealised gosses)lgains on investments
NET INOVEMENT IN	FUNDS											505,923
Nofe I:Income due from guesld			for nursing			servmes		was funded		as follows			'I
Ald Fund for Christian	Scientists		in Need of			Nursing		Care			0.0	0	0.0
Hawthorne Trust and	other Benevolent				Funds						49.5	166,344	28.4
Guests and other private means											50.5	171831	71.6
											100	340,175	100.0	593,251