2023-03-31-accounts

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REGISTERED CHARITY NUMBER: 214505

`REPORT OF THE TRUSTEES AND`

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

`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 2023`

		`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 2023`

The trusteespresenttheir reportwiththe financialstatementsof the charityfor the year ended 31 March2023.The trustees have
adoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommendedPracticeapplicableto charities
preparingtheir accountsin accordancewith the FinancialReportingStandardapplicablein the UK and Republicof Ireland (FRS 102)
(effective 1 January 2019).

`OBJECTIVES AND ACTIVITIES`

`Objectives and aims`

To provideaccommodationin the form of Almshousesfor single or marriedpersonsfrom withinthe geographicalareas as detailed
within the scheme under the auspices of the Charity Commission.

`Significant activities`

To continuallymaintainand update the accommodation.Ensure all residentsfinanciallycontributeand live withinthe conditions of
their agreement.

`ACHIEVEMENT AND PERFORMANCE`

Trusteescontinuallyreviewthe conditionsofthe flatsto ensuretheyare maintainedto a highstandard.Repairsand upgrades are
carriedoutwhennecessary.Shouldaflatbecomevacanttheobjectiveistoappointanotherbeneficiaryassoonaspossible 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.

Totalreservesat31March2023were£289,280(2022:£295,843)consistingof£60,115ofunrestrictedfundsand£229,165 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

`Trustees`

N Musson
Mrs M Yarram
Mrs E Batty (resigned 17.10.22)
Councillor L Hagues (resigned 4.5.23)
A Snookes
Rev P Johnson
D Marriage
Mrs K Hockmeyer
Cllr M Smith (appointed 23.5.23)
Ms F Hopkins (appointed 23.1.23)

Page 1

SLEAFORD HOSPITAL

`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023`

`REFERENCE AND ADMINISTRATIVE DETAILS`

`Independent Examiner`

Keith Phillips
Duncan & Toplis Limited
18 Northgate
Sleaford
Lincolnshire
NG34 7BJ
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`

IreporttothecharitytrusteesonmyexaminationoftheaccountsofSleafordHospital(theTrust)fortheyear ended
31 March 2023.

`Responsibilities and basis of report`

As the charitytrusteesof the Trust you are responsiblefor the preparationof the accountsin accordancewith the requirements of
the Charities Act 2011 ('the Act').

IreportinrespectofmyexaminationoftheTrust'saccountscarriedoutunderSection145oftheActandincarryingout 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`

Ihavecompletedmyexamination.Iconfirmthatnomaterialmattershavecometomyattentioninconnectionwith 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 concernsand have come across no other matters in connectionwith the examinationto which attentionshould be drawn
in this report in order to enable a proper understanding of the accounts to be reached.

Keith Phillips

Duncan & Toplis Limited
18 Northgate
Sleaford
Lincolnshire
NG34 7BJ
Date: .............................................

Page 3

SLEAFORD HOSPITAL

`STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023`

`Unrestricted` `fund` `Notes` `£` `INCOME AND ENDOWMENTS FROM` `Charitable activities` `101,450` `Investment income` `2` `(2,007)` `Total` `99,443` `EXPENDITURE ON` `Charitable activities` `Charitable activities` `62,739` `Other` `1,695` `Total` `64,434` `NET INCOME/(EXPENDITURE)` `35,009` `RECONCILIATION OF FUNDS` `Total funds brought forward` `67,990` `TOTAL FUNDS CARRIED FORWARD` `102,999`	`Restricted` `funds` `£` `-` `1,312` `1,312` `42,885` `-` `42,885` `(41,573)` `227,853` `186,280`	`2023` `Total` `funds` `£` `101,450` `(695)` `100,755` `105,624` `1,695` `107,319` `(6,564)` `295,843` `289,279`	`2022` `Total` `funds` `£` `96,995` `20,196`
			`117,191`
			`87,926` `-`
			`87,926`
			`29,265` `266,578`
			`295,843`

The notes form part of these financial statements

Page 4

SLEAFORD HOSPITAL

`STATEMENT OF FINANCIAL POSITION 31 MARCH 2023`

`Unrestricted` `fund` `Notes` `£` `FIXED ASSETS` `Investments` `6` `65,080` `CURRENT ASSETS` `Debtors` `7` `264` `Cash at bank` `39,002` `39,266` `CREDITORS` `Amounts falling due within one year` `8` `(1,347)` `NET CURRENT ASSETS` `37,919` `TOTAL ASSETS LESS CURRENT LIABILITIES` `102,999` `NET ASSETS` `102,999` `FUNDS` `9` `Unrestricted funds` `Restricted funds` `TOTAL FUNDS`	`Restricted` `funds` `£` `186,280` `-` `-` `-` `-` `-` `186,280` `186,280`	`2023` `Total` `funds` `£` `251,360` `264` `39,002` `39,266` `(1,347)` `37,919` `289,279` `289,279` `102,999` `186,280` `289,279`	`2022` `Total` `funds` `£` `250,924` `1,954` `43,960`
			`45,914` `(995)`
			`44,919`
			`295,843`
			`295,843`
			`67,990` `227,853`
			`295,843`

ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon............................................. 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 2023`

`1. ACCOUNTING POLICIES`

`Basis of preparing the financial statements`

Thefinancialstatementsofthecharity,whichisa publicbenefitentityunderFRS102,havebeenpreparedin accordance
withthe CharitiesSORP(FRS102)'Accountingand Reportingby Charities:Statementof RecommendedPractice applicable
to charitiespreparingtheir accountsin accordancewith the FinancialReportingStandardapplicablein the UK and Republic
ofIreland(FRS102)(effective1January2019)',FinancialReportingStandard102'TheFinancialReporting Standard
applicableintheUKandRepublicofIreland'andtheCharitiesAct2011.Thefinancialstatementshavebeen prepared
under the historicalcost convention,with the exceptionof investmentswhich are includedat marketvalue,as modified by
the revaluation of certain assets.

`Income`

All incomeis recognisedin the Statementof FinancialActivitiesonce the charityhas entitlementto the funds, it is probable
that the income will be received and the amount can be measured reliably.

`Expenditure`

Liabilitiesare recognisedas expenditureas soon as there is a legal or constructiveobligationcommittingthe charityto that
expenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlementandtheamountof the
obligationcanbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisandhasbeenclassified under
headingsthataggregateallcostrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticular 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.

Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity.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.

`Pension costs and other post-retirement benefits`

Thecharityoperatesadefinedcontributionpensionscheme.Contributionspayabletothecharity'spensionscheme are
charged to the  Statement of Financial Activities in the period to which they relate.

`2. INVESTMENT INCOME`

`INVESTMENT INCOME`
`Interest received` `Gain on investment revaluation`	`2023` `£` `303` `(998)` `(695)`	`2022` `£` `7` `20,189`
		`20,196`

`3. TRUSTEES' REMUNERATION AND BENEFITS`

Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2023norfortheyear ended
31 March 2022.

`Trustees' expenses`

There were no  trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.

continued...

Page 6

SLEAFORD HOSPITAL

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023`

`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` `96,443` `Investment income` `5,234` `Total` `101,677` `EXPENDITURE ON` `Charitable activities` `Charitable activities` `87,926` `NET INCOME` `13,751` `RECONCILIATION OF FUNDS` `Total funds brought forward` `54,239` `TOTAL FUNDS CARRIED FORWARD` `67,990` `6.` `FIXED ASSET INVESTMENTS` `MARKET VALUE` `At 1 April 2022` `Additions` `Revaluations` `At 31 March 2023` `NET BOOK VALUE` `At 31 March 2023` `At 31 March 2022` `There were no investment assets outside the UK.`	`2023` `2022` `1` `1` `Restricted` `Total` `funds` `funds` `£` `£` `552` `96,995` `14,962` `20,196` `15,514` `117,191` `-` `87,926` `15,514` `29,265` `212,339` `266,578` `227,853` `295,843` `Listed` `investments` `£` `250,924` `1,434` `(998)` `251,360` `251,360` `250,924`	`2022` `1` `Total` `funds` `£` `96,995` `20,196`
		`117,191`
		`87,926`
		`29,265` `266,578`
		`295,843`

continued...

Page 7

SLEAFORD HOSPITAL

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023`

`6. FIXED ASSET INVESTMENTS - continued`

Cost or valuation at 31 March 2023 is represented by:

Valuation in 2022
Valuation in 2023
Cost
7.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
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
(998)
232,168
251,360
2023
2022
£
£
28
-
236
1,954
264
1,954
2023
2022
£
£
44
28
1,303
967
1,347
995
Net
movement
At
At 1.4.22
in funds
31.3.23
£
£
£
67,990
35,009
102,999
29,748
(252)
29,496
198,105
(41,321)
156,784
227,853
(41,573)
186,280
295,843
(6,564)
289,279

continued...

Page 8

SLEAFORD HOSPITAL

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023`

`9. MOVEMENT IN FUNDS - continued`

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
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
2005 Recoupment Fund
Extraordinary Repairs Fund
TOTAL FUNDS
Comparative 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
£
£
£
99,443
(64,434)
35,009
(252)
-
(252)
1,564
(42,885)
(41,321)
1,312
(42,885)
(41,573)
100,755
(107,319)
(6,564)
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
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
101,677
(87,926)
13,751
2,864
-
2,864
12,650
-
12,650
15,514
-
15,514
117,191
(87,926)
29,265

continued...

Page 9

SLEAFORD HOSPITAL

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023`

`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 1.4.21` `in funds` `£` `£` `54,239` `48,760` `26,884` `2,612` `185,455` `(28,671)` `212,339` `(26,059)` `266,578` `22,701`	`At` `31.3.23` `£` `102,999` `29,496` `156,784`
		`186,280`
		`289,279`

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` `£` `201,120` `2,612` `14,214` `16,826` `217,946`	`Resources` `Movement` `expended` `in funds` `£` `£` `(152,360)` `48,760` `-` `2,612` `(42,885)` `(28,671)` `(42,885)` `(26,059)` `(195,245)` `22,701`	`Resources` `Movement` `expended` `in funds` `£` `£` `(152,360)` `48,760` `-` `2,612` `(42,885)` `(28,671)` `(42,885)` `(26,059)` `(195,245)` `22,701`
			`(26,059)`
			`22,701`

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 2023.

Page 10

SLEAFORD HOSPITAL

`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023`

`INCOME AND ENDOWMENTS` `Charitable activities` `Subscriptions` `Investment income` `Investment income` `Interest received` `Gain on investment revaluation` `Total incoming resources` `EXPENDITURE` `Charitable activities` `Wages` `Pensions` `Rates and water` `Light and heat` `Telephone` `Subscriptions` `Sundries` `Cost of direct activity` `Repairs and renewals` `Support services` `Insurance` `Support costs` `Finance` `Bank charges` `Governance costs` `Accountancy fees` `Professional fees` `Total resources expended` `Net (expenditure)/income`	`2023` `£` `97,806` `3,644` `101,450` `303` `(998)` `(695)` `100,755` `12,894` `185` `3,060` `12,630` `1,203` `325` `287` `30` `65,016` `240` `4,913` `100,783` `305` `2,041` `4,190` `6,231` `107,319` `(6,564)`	`2022` `£` `93,559` `3,436`
		`96,995` `7` `20,189`
		`20,196`
		`117,191` `13,698` `407` `3,468` `11,531` `1,112` `81` `163` `-` `47,333` `238` `4,424`
		`82,455` `268` `1,123` `4,080`
		`5,203`
		`87,926`
		`29,265`

This page does not form part of the statutory financial statements

Page 11

REPORT OF THE TRUSTEES AND

FOR

SLEAFORD HOSPITAL

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

OBJECTIVES AND ACTIVITIES

Objectives and aims

Significant activities

ACHIEVEMENT AND PERFORMANCE

FINANCIAL REVIEW

Financial position

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Organisational structure

A) Trust Deed

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 214505

Principal address

Trustees

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

REFERENCE AND ADMINISTRATIVE DETAILS

Independent Examiner

Independent examiner's report to the trustees of Sleaford Hospital

Responsibilities and basis of report

Independent examiner's statement

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

STATEMENT OF FINANCIAL POSITION 31 MARCH 2023

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

Income

Expenditure

Taxation

Fund accounting

Pension costs and other post-retirement benefits

2. INVESTMENT INCOME

3. TRUSTEES' REMUNERATION AND BENEFITS

Trustees' expenses

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

4. STAFF COSTS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

6. FIXED ASSET INVESTMENTS - continued

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

9. MOVEMENT IN FUNDS - continued

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

9. MOVEMENT IN FUNDS - continued

10. RELATED PARTY DISCLOSURES

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

`REPORT OF THE TRUSTEES AND`

`FOR`

`SLEAFORD HOSPITAL`

`CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023`

`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023`

`OBJECTIVES AND ACTIVITIES`

`Objectives and aims`

`Significant activities`

`ACHIEVEMENT AND PERFORMANCE`

`FINANCIAL REVIEW`

`Financial position`

`STRUCTURE, GOVERNANCE AND MANAGEMENT`

`Governing document`

`Organisational structure`

`A) Trust Deed`

`REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number` `214505`

`Principal address`

`Trustees`

`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023`

`REFERENCE AND ADMINISTRATIVE DETAILS`

`Independent Examiner`

`Independent examiner's report to the trustees of Sleaford Hospital`

`Responsibilities and basis of report`

`Independent examiner's statement`

`STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023`

`STATEMENT OF FINANCIAL POSITION 31 MARCH 2023`

`NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023`

`1. ACCOUNTING POLICIES`

`Basis of preparing the financial statements`

`Income`

`Expenditure`

`Taxation`

`Fund accounting`

`Pension costs and other post-retirement benefits`

`2. INVESTMENT INCOME`

`3. TRUSTEES' REMUNERATION AND BENEFITS`

`Trustees' expenses`

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023`

`4. STAFF COSTS`

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023`

`6. FIXED ASSET INVESTMENTS - continued`

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023`

`9. MOVEMENT IN FUNDS - continued`

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023`

`9. MOVEMENT IN FUNDS - continued`

`10. RELATED PARTY DISCLOSURES`

`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023`