Charity number: 214505
Sleaford Hospital
Report of the Trustees and Unaudited Financial Statements
For the year ended 31 March 2021
Draft
Sleaford Hospital Contents Page For the year ended 31 March 2021
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Report of the Trustees 1
Independent Examiner's Report to the Trustees 2
Statement of Financial Activities 3
Statement of Financial Position 4
Notes to the Financial Statements 5 to 10
Draft
Detailed Statement of Financial Activities 11
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Sleaford Hospital Report of the Trustees
For the year ended 31 March 2021
The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 March 2021. The Trustees have adopted the provisions of 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 and the Republic of Ireland (FRS 102) (effective 1 January 2019).
REFERENCE AND ADMINISTRATIVE INFORMATION
Name of Charity Sleaford Hospital Charity registration number 214505 Principal address 4 Discovery Close Sleaford Lincs NG34 7XN
Trustees
The trustees and officers serving during the year and since the year end were as follows:
Mr David Marriage
Trustees
Draft
The trustees and officers serving during the year and since the year end were as follows:
Trustees
The trustees and officers serving during the year and since the year end were as follows:
Trustees
The trustees and officers serving during the year and since the year end were as follows:
Trustees
The trustees and officers serving during the year and since the year end were as follows:
Mrs Kathleen Hockmeyer Rev Phillip Johnson Mr Adrian Snookes Mr Nick Musson Mrs Maureen Yarram Mrs Emma Batty Cllr Lucille Hagues Senior management Mr Paul Tarry Independent examiners A J Lilley FCCA 63 Harrowby Lane Grantham Lincs NG31 9HZ Bankers Lloyds Bank plc 2 Northgate Sleaford Lincs
Approved by the Board of Trustees and signed on its behalf by
.............................................................................
Mr Nick Musson
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Sleaford Hospital Independent Examiners Report to the Trustees
For the year ended 31 March 2021
I report to the trustees on my examination of the accounts of the charity for the year ended 31 March 2021.
Responsibilities and basis of report
As the charity trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 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 examiners statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
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the accounts do not accord with those records; or
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the accounts 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.
Draft
A J Lilley FCCA 63 Harrowby Lane Grantham Lincs NG31 9HZ
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Sleaford Hospital Statement of Financial Activities
For the year ended 31 March 2021
| Dr Notes Income and endowments from: Charitable activities 3 Investments 4 Total Expenditure on: Raising funds 5 Charitable activities 6/7 Total Net gains/(losses) on investments Transfers between funds Other recognised gains/losses Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
~~aft~~ Unrestricted funds £ 96,581 13 96,594 (650) (83,589) (84,239) - 3,644 15,999 38,240 54,239 |
Restricted funds £ - 8,076 8,076 - - - 38,876 (3,645) 43,307 169,032 212,339 |
2021 £ 96,581 8,089 104,670 (650) (83,589) (84,239) 38,876 (1) 59,306 207,272 266,578 |
2020 £ 95,081 7,614 |
|---|---|---|---|---|
| 102,695 | ||||
| (804) (122,679) |
||||
| (123,483) | ||||
| (36,491) (1) |
||||
| (57,280) | ||||
| 264,552 | ||||
| 207,272 | ||||
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Sleaford Hospital Statement of Financial Position
As at 31 March 2021
| Draft Notes Fixed assets Investments 12/13 Current assets 14 Debtors Cash at bank and in hand Creditors: amounts falling due within one year 15 Net current assets Total assets less current liabilities Net assets The funds of the charity Restricted income funds 16 Unrestricted income funds 16 Total funds The financial statements were approved and authorised for issue by the Board and signed on its behalf by: |
£ 2021 212,866 212,866 3,092 51,420 54,512 (800) 53,712 266,578 266,578 212,339 54,239 266,578 |
£ 2020 169,559 |
|---|---|---|
| 169,559 | ||
| 2,293 36,220 |
||
| 38,513 | ||
| (800) 37,713 |
||
| 207,272 | ||
| 207,272 | ||
| 169,032 38,240 |
||
| 207,272 | ||
Mr David Marriage Trustee
4 of 11
Sleaford Hospital Notes to the Financial Statements
For the year ended 31 March 2021
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘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 and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Charities Act 2011.
Sleaford Hospital meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
3. Income from charitable activities
| Draft Unrestricted funds Running the Almshouses Subscriptions from residents vestment income Restricted funds Unrestricted funds £ £ Income from unlisted investments (2) 8,076 Other interest receivable 15 - 8,076 13 xpenditure on generating donations and legacies Unrestricted funds Support costs osts of charitable activities by fund type Unrestricted funds Running the Almshouses Support costs |
2021 £ 96,581 2021 £ 8,074 15 8,089 2021 £ 650 650 2021 £ 74,389 9,200 83,589 |
2020 £ 95,081 2020 £ 7,464 150 |
|---|---|---|
| 7,614 | ||
| 2020 £ 804 |
||
| 804 | ||
| 2020 £ 113,703 8,976 |
||
| 122,679 |
4. Investment income
5. Expenditure on generating donations and legacies
6. Costs of charitable activities by fund type
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Sleaford Hospital Notes to the Financial Statements Continued
For the year ended 31 March 2021
7. Costs of charitable activities by activity type
| Activities | Support costs | 2021 | 2020 | |
|---|---|---|---|---|
| undertaken | ||||
| directly | ||||
| £ | £ | £ | £ | |
| Support costs | ||||
| Running the Almshouses | 74,389 | 9,200 | 83,589 | 122,679 |
| nalysis of support costs | ||||
| 2021 | 2020 | |||
| £ | £ | |||
| Running the Almshouses | ||||
| Management | 9,200 | 8,976 | ||
| Governance costs | 650 | 804 | ||
| Draft | 9,850 | 9,780 | ||
| et income/(expenditure) for the year | ||||
| This is stated after charging/(crediting): | ||||
| 2021 | 2020 | |||
| £ | £ | |||
| Accountancy fees | 650 | 804 | ||
| Staff pension contributions | 350 | 364 | ||
| Staff costs | ||||
| Total staff costs for the year ended 31 March 2021 were: | ||||
| 2021 | 2020 | |||
| £ | £ | |||
| Salaries and wages | 11,482 | 11,142 | ||
| Pension costs | 350 | 364 | ||
| 11,832 | 11,506 |
8. Analysis of support costs
9. Net income/(expenditure) for the year
10. Staff costs
6 of 11
Sleaford Hospital Notes to the Financial Statements Continued
For the year ended 31 March 2021
11. Comparative for the Statement of Financial Activities
| Draf~~t~~ Income and endowments from: Charitable activities Investments Total Expenditure on: Charitable activities Total Net gains/(losses) on investments Transfers between funds Other recognised gains/losses Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ 95,081 150 95,231 (122,679) (122,679) - (12,228) (39,676) 78,720 39,044 |
Restricted funds £ - 7,464 7,464 - - (36,491) 12,227 (16,800) 185,832 169,032 |
2020 £ 95,081 7,614 |
|---|---|---|---|
| 102,695 | |||
| (122,679) | |||
| (122,679) | |||
| (36,491) (1) |
|||
| (56,476) | |||
| 264,552 | |||
| 208,076 | |||
Investments
12. Analysis of movement of commercial investments
| Market value at 01 April 2020 Net gain/(loss) on revaluation Market value at 31 March 2021 |
Listed investments £ 169,559 43,307 |
|---|---|
| 212,866 | |
13. Analysis of investments between funds as at year ended 31 March 2021
| Unrestricted | Restricted | 2021 | 2020 | |
|---|---|---|---|---|
| funds | funds | |||
| £ | £ | £ | £ | |
| Listed investments | 1,906 | 210,960 | 212,866 | 169,559 |
| 1,906 | 210,960 | 212,866 | 169,559 |
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Sleaford Hospital Notes to the Financial Statements Continued
For the year ended 31 March 2021
| Draft 14. Debtors Amounts due within one year: Prepayments and accrued income 15. Creditors: amounts falling due within one year Accruals and deferred income 16. Movement in funds Unrestricted Funds Balance at 01/04/2020 Incoming resources Outgoing resources £ £ £ General 38,240 96,594 (84,239) General 38,240 96,594 (84,239) Unrestricted Funds - Previous year Balance at 01/04/2019 Incoming resources Outgoing resources £ £ £ General 78,720 95,231 (123,483) General 78,720 95,231 (123,483) |
2021 £ 3,092 3,092 2021 £ 800 800 Transfers £ 3,644 3,644 Transfers £ (12,228) (12,228) |
2020 £ 2,293 2,293 2020 £ 800 800 Balance at 31/03/2021 £ 54,239 54,239 Balance at 31/03/2020 £ 38,240 38,240 |
|---|---|---|
Purpose of unrestricted Funds
General
Running and maintaining the almshouses
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Sleaford Hospital
Notes to the Financial Statements Continued
For the year ended 31 March 2021
Restricted Funds
| 2005 Recoupment Fund Extraordinary Repairs Fund Restricted Funds - Previous year 2005 Recoupment Fund Extraordinary Repairs Fund |
~~Dr~~ Balance at 01/04/2020 £ 21,708 147,324 169,032 Balance at 01/04/2019 £ 24,356 161,476 185,832 |
~~aft~~ Incoming resources £ 993 7,083 8,076 Incoming resources £ 572 6,892 7,464 |
Transfers £ (585) (3,060) (3,645) Transfers £ 862 11,365 12,227 |
Gains and losses £ 4,768 34,108 38,876 Gains and losses £ (4,082) (32,409) (36,491) |
Balance at 31/03/2021 £ 26,884 185,455 |
|---|---|---|---|---|---|
| 212,339 | |||||
| Balance at 31/03/2020 £ 21,708 147,324 |
|||||
| 169,032 | |||||
Purpose of restricted funds
2005 Recoupment Fund to pay off the 2005 Loan Extraordinary Repairs Fund
To cover emergencyand major non-routine repairs and improvements
17. Analysis of net assets between funds
| Investments | Net current | Net Assets | |
|---|---|---|---|
| assets / | |||
| (liabilities) | |||
| £ | £ | £ | |
| Unrestricted funds | |||
| General | |||
| General | 1,906 | 52,333 | 54,239 |
| Restricted funds | |||
| 2005 Recoupment Fund | 25,699 | 1,185 | 26,884 |
| Extraordinary Repairs Fund | 185,261 | 194 | 185,455 |
| 212,866 | 53,712 | 266,578 |
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Sleaford Hospital Notes to the Financial Statements Continued
For the year ended 31 March 2021
Previous year
| Unrestricted funds General General Restricted funds 2005 Recoupment Fund Extraordinary Repairs Fund |
Investments Net current assets / (liabilities) Net Assets £ £ £ 1,906 36,334 38,240 20,523 1,185 21,708 147,130 194 147,324 |
|---|---|
| 169,559 37,713 207,272 |
Draft
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Sleaford Hospital Detailed Statement of Financial Activities For the year ended 31 March 2021
| Draft INCOME AND ENDOWMENT Charitable activities Subscriptions from residents Investments Income from unlisted investments Other interest receivable Total incoming resources EXPENDITURE Charitable activities Cost of direct charitable activity SUPPORT COSTS Management Management Governance costs Governance costs Total resources expended NET INCOME BEFORE GAINS AND LOSSES Other recognised gains and losses Gains/(loss) on revaluation of investments Net income before gains and losses Net Income |
£ 2021 96,581 96,581 8,074 15 8,089 104,670 (74,389) (74,389) (9,200) (9,200) (650) (650) (84,239) 38,876 38,876 38,876 59,307 |
£ 2020 95,081 |
|---|---|---|
| 95,081 7,464 150 |
||
| 7,614 | ||
| 102,695 (113,703) |
||
| (113,703) (8,976) |
||
| (8,976) (804) |
||
| (804) | ||
| (123,483) (36,491) |
||
| (36,491) | ||
| (36,491) | ||
| (57,279) |
11 of 11 This page does not form part of the statutory financial statements