``` 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 ```