REGISTERED CHARITY NUMBER: 214505
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
FOR
SLEAFORD HOSPITAL
Duncan & Toplis Limited 18 Northgate Sleaford Lincolnshire NG34 7BJ
SLEAFORD HOSPITAL
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Statement of Financial Position | 5 | ||
| Notes to the Financial Statements | 6 | to | 10 |
| Detailed Statement of Financial Activities | 11 |
SLEAFORD HOSPITAL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022
The trustees present their report with the financial statements of the charity for the year ended 31 March 2022. 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 Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
To provide accommodation in the form of Almshouses for single or married persons from within the geographical areas as detailed within the scheme under the auspices of the Charity Commission.
Significant activities
To continually maintain and update the accommodation. Ensure all residents financially contribute and live within the conditions of their agreement.
ACHIEVEMENT AND PERFORMANCE
Trustees continually review the conditions of the flats to ensure they are maintained to a high standard. Repairs and upgrades are carried out when necessary. Should a flat become vacant the objective is to appoint another beneficiary as soon as possible to ensure income is maximised.
FINANCIAL REVIEW
Financial position
Accounts produced and independently examined on an annual basis.
Surplus funds are held in M&G Almshouses funds investments and used to maintain premises.
Total reserves at 31 March 2022 were £295,843 (2021: £266,578) consisting of £67,990 of unrestricted funds and £227,853 of restricted funds.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Organisational structure
The organisational structure is as follows:
A) Trust Deed
- B) Charity Commission Scheme
C) 6 Co-operative Trustees
- 2 Nominative Trustees
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
214505
Principal address
4 Discovery Close Sleaford Lincolnshire NG34 7XN
Page 1
SLEAFORD HOSPITAL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022
Trustees
N Musson Mrs M Yarram Mrs E Batty Councillor L Hagues A Snookes Rev P Johnson D Marriage Mrs K Hockmeyer
Independent Examiner
Keith Phillips FCA Duncan & Toplis Limited 18 Northgate Sleaford Lincolnshire NG34 7BJ
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and 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 proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to 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.
The Trustees ensure that all the regulations and recommendations from the Charity Commission adhered to.
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
................................................................................. N Musson - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SLEAFORD HOSPITAL
Independent examiner's report to the trustees of Sleaford Hospital
I report to the charity trustees on my examination of the accounts of Sleaford Hospital (the Trust) for the year ended 31 March 2022.
Responsibilities and basis of report
As the charity trustees of the Trust 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 Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all 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:
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accounting records were not kept in respect of the Trust as required by section 130 of the 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.
Keith Phillips FCA Duncan & Toplis Limited 18 Northgate Sleaford Lincolnshire NG34 7BJ
Date: .............................................
Page 3
SLEAFORD HOSPITAL
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022
| Unrestricted Restricted fund funds Notes £ £ INCOME AND ENDOWMENTS FROM Charitable activities 99,535 552 Investment income 2 5,234 14,962 Total 104,769 15,514 EXPENDITURE ON Charitable activities Charitable activities 91,018 - NET INCOME 13,751 15,514 RECONCILIATION OF FUNDS Total funds brought forward 54,239 212,339 TOTAL FUNDS CARRIED FORWARD 67,990 227,853 |
2022 Total funds £ 100,087 20,196 120,283 91,018 29,265 266,578 295,843 |
2021 Total funds £ 104,655 38,891 143,546 84,240 59,306 207,272 266,578 |
|---|---|---|
The notes form part of these financial statements
Page 4
SLEAFORD HOSPITAL
STATEMENT OF FINANCIAL POSITION 31 MARCH 2022
| Unrestricted Restricted fund funds Notes £ £ FIXED ASSETS Investments 6 23,071 227,853 CURRENT ASSETS Debtors 7 1,954 - Cash at bank 43,960 - 45,914 - CREDITORS Amounts falling due within one year 8 (995) - NET CURRENT ASSETS 44,919 - TOTAL ASSETS LESS CURRENT LIABILITIES 67,990 227,853 NET ASSETS 67,990 227,853 FUNDS 9 Unrestricted funds Restricted funds TOTAL FUNDS |
2022 Total funds £ 250,924 1,954 43,960 45,914 (995) 44,919 295,843 295,843 67,990 227,853 295,843 |
2021 Total funds £ 212,866 3,092 51,420 54,512 (800) 53,712 266,578 266,578 54,239 212,339 266,578 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. N Musson - Trustee
The notes form part of these financial statements
Page 5
SLEAFORD HOSPITAL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared 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' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. INVESTMENT INCOME
| Interest received Gain on investment revaluation |
2022 £ 7 20,189 20,196 |
2021 £ 15 38,876 38,891 |
|---|---|---|
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.
continued...
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SLEAFORD HOSPITAL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
4. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Charitable activities No employees received emoluments in excess of £60,000. 5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Charitable activities 96,579 Investment income 15 Total 96,594 EXPENDITURE ON Charitable activities Charitable activities 84,240 NET INCOME 12,354 Transfers between funds 3,645 Net movement in funds 15,999 RECONCILIATION OF FUNDS Total funds brought forward 38,240 TOTAL FUNDS CARRIED FORWARD 54,239 6. FIXED ASSET INVESTMENTS MARKET VALUE At 1 April 2021 Additions Revaluations At 31 March 2022 NET BOOK VALUE At 31 March 2022 At 31 March 2021 |
2022 2021 1 1 Restricted Total funds funds £ £ 8,076 104,655 38,876 38,891 46,952 143,546 - 84,240 46,952 59,306 (3,645) - 43,307 59,306 169,032 207,272 212,339 266,578 Listed investments £ 212,866 17,869 20,189 250,924 250,924 212,866 |
|---|---|
There were no investment assets outside the UK.
continued...
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SLEAFORD HOSPITAL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
6. FIXED ASSET INVESTMENTS - continued
Cost or valuation at 31 March 2022 is represented by:
| Valuation in 2022 Cost 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Prepayments and accrued income 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Taxation and social security Other creditors 9. MOVEMENT IN FUNDS Unrestricted funds General fund Restricted funds 2005 Recoupment Fund Extraordinary Repairs Fund TOTAL FUNDS |
Listed investments £ 20,190 230,734 250,924 2022 2021 £ £ 1,954 3,092 2022 2021 £ £ 28 - 967 800 995 800 Net movement At At 1.4.21 in funds 31.3.22 £ £ £ 54,239 13,751 67,990 26,884 2,864 29,748 185,455 12,650 198,105 212,339 15,514 227,853 266,578 29,265 295,843 |
|---|---|
continued...
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SLEAFORD HOSPITAL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
9. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | Movement | |
|---|---|---|---|---|
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 104,769 | (91,018) | 13,751 | |
| Restricted funds | ||||
| 2005 Recoupment Fund | 2,864 | - | 2,864 | |
| Extraordinary Repairs Fund | 12,650 | - | 12,650 | |
| 15,514 | - | 15,514 | ||
| TOTAL FUNDS | 120,283 | (91,018) | 29,265 | |
| Comparatives for movement in funds | ||||
| Unrestricted funds | Net movement At 1.4.20 in funds £ £ |
Transfers between funds £ |
At 31.3.21 £ |
|
| General fund | 38,240 12,354 |
3,645 | 54,239 | |
| Restricted funds | ||||
| 2005 Recoupment Fund | 21,708 5,761 |
(585) | 26,884 | |
| Extraordinary Repairs Fund | 147,324 41,191 |
(3,060) | 185,455 | |
| 169,032 46,952 |
(3,645) | 212,339 | ||
| TOTAL FUNDS | 207,272 59,306 |
- | 266,578 | |
| Comparative net movement in funds, included in the | above are as follows: | |||
| Unrestricted funds | Incoming resources £ |
Resources expended £ |
Movement in funds £ |
|
| General fund | 96,594 | (84,240) | 12,354 | |
| Restricted funds | ||||
| 2005 Recoupment Fund | 5,761 | - | 5,761 | |
| Extraordinary Repairs Fund | 41,191 | - | 41,191 | |
| 46,952 | - | 46,952 | ||
| TOTAL FUNDS | 143,546 | (84,240) | 59,306 |
continued...
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SLEAFORD HOSPITAL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
9. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds 2005 Recoupment Fund Extraordinary Repairs Fund TOTAL FUNDS |
Net movement At 1.4.20 in funds £ £ 38,240 26,105 21,708 8,625 147,324 53,841 169,032 62,466 207,272 88,571 |
Transfers between funds £ 3,645 (585) (3,060) (3,645) - |
At 31.3.22 £ 67,990 29,748 198,105 227,853 295,843 |
|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds 2005 Recoupment Fund Extraordinary Repairs Fund TOTAL FUNDS |
Incoming Resources Movement resources expended in funds £ £ £ 201,363 (175,258) 26,105 8,625 - 8,625 53,841 - 53,841 62,466 - 62,466 263,829 (175,258) 88,571 |
|---|---|
The 2005 Recoupment Fund exists to repay the 2005 loan.
The Extraordinary Repairs Fund is in place to cover emergency and major non-routine repairs and improvements.
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2022.
Page 10
SLEAFORD HOSPITAL
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022 |
||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Charitable activities | ||
| Subscriptions | 96,651 | 96,581 |
| Investment income | 3,436 | 8,074 |
| Investment income | 100,087 | 104,655 |
| Interest received | 7 | 15 |
| Gain on investment revaluation | 20,189 | 38,876 |
| 20,196 | 38,891 | |
| Total incoming resources | 120,283 | 143,546 |
| EXPENDITURE | ||
| Charitable activities | ||
| Cost of direct activity | 85,815 | 74,390 |
| Support costs | ||
| Governance costs | ||
| Accountancy fees | 1,123 | 650 |
| Professional fees | 4,080 | 9,200 |
| 5,203 | 9,850 | |
| Total resources expended | 91,018 | 84,240 |
| Net income | 29,265 | 59,306 |
This page does not form part of the statutory financial statements
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