**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
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- 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:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. 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...
Page 6
**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...
Page 7
**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...
Page 8
**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...
Page 9
**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
Page 11