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2020-12-31-accounts

EX OFFICIO
By the Bishop The Master: The Ven K P Mellor (appointed
01.09.16)
(resigned 31.01.21)
NOMINATED
By the Bishop Mr D A Bartlett (re-appointed
08.05.19)
Chairman
from 28.01.16
By the Master Mrs R A P Stiven (re-appointed
28.01.19)
CO-OPTATIVE Canon
D K Callard		 (re-appointed
25.06.19
Mr R D Trahair (re-appointed
04.07.18)
Mrs 5I Beswick (appointed
27.10.16)
Mrs C E Romano (appointed
27.10.16)
Mr C 8 Dragonetti, Clerk to the Trustees (appointed
01.02.16)
(retired 29.02.20)
Mr C L Gutteridge, Clerk to the Trustees (appointed 01.03.20)
CHARITY
ADDRESS: The Clerk's Office, St Nicholas' Hospital, St Nicholas
Road, Salisbury,		 Wlltshire SPI 2SW
ADVISERS: Bankers CAF Bank
fbank
e.or
National
Westminster
Bank		 Pic
48 Blue Boar Row, Sahsbury SP1 1DF
CCLA Investment
Management
Limited
Senator House, 85 Queen Victoria Street
London
EC4V 4ET
Solicitors Parker Bullen
45 Castle Street, Salisbury SP1 3SS
Independent Examiners Mrs N A Halls FCA, Fletcher sr Partners
Crown Chambers,
Bridge		 Street, Salisbury SP1 2LZ
Surveyors Humberts
37 Castle Street, Sahsbury SP1 1TT
The Diocesan Surveyor
Church
House, Sabsbury		 SP1 2QB
Investment Managers CCLA Investment
Management
Limited
Senator House, 85 Queen Victoria Street
London
EC4V 4ET
REGISTERED
CHARITY NUMBER: 214916 in England
and Wales

Recoupment
Unrestricted Restricted 6 Endowment Total Total
b(gtg EgBI)6 ~F ~2 ZQLE
INCOME FROM:
Donations
and legacies		 90 5,503 5,593 30,695
Investments 3 129,867 129,867 129,300
Chantable
activities
Provision
of accommodation		 81,631 81,631 78,250
Other 398 398 449
TOTAL INCOME 211986 5 503 217 489 238 694
EXPENDITURE ON:
Raising
funds
Repairs and maintenance of let properties 7 38,113 38,113 24, 719
Charitable
activities
Donations
to charities		 8 5,960 5,960 4,570
Provision of accommodation 8 176 344 13402 189 746 212 012
TOTAL EXPENDITURE 5 960
NET GAINS/(LOSSES)
ON		 INVESTMENTS
Realised gains/(losses) on investment assets 15,874 33,251 49, 125
Unrealised
gains on investment		 property 10a
Unrealised
gains/(losses)		 on Investment asset. 10b 6 648
NET INCOME/(EXPENDITURE)
BEFORE TRANSFERS 20,051 (457) 204,026 223,620 501,726
TRANSFERS BETWEEN FUNDS 16 (10,000) 10,000
NET INCOME/(EXPENDITURE)
BEFORE RECOGNISED GAINS AND LOSSES 10,051 (457) 214,026 223,620 501,726
OTHER RECOGNISED GAINS AND LOSSES
NET MOVEMENT IN FUNDS FOR THE YEAR 10,051 (457) 214,026 223,620 501,726
TOTAL FUNDS BROUGHT FORWARD
TOTAL FUNDS CARRIED FORWARD

Notes 2020 ~219
FIXED ASSETS
Tangible Assets
Housing
land and buildings		 9a 405,127 419,909
Other tangible assets 467
409,626 420,376
Investments
Investment
properties
Common
Investment		 Funds Ioa
I		 875,000 875,000
TOTAL FIXED ASSETS 4,944,538
CURRENT ASSETS
Debtors 11 12,852 8,776
Cash at bank and
in		 hand
TOTAL CURRENT ASSETS 58,376
LIABILITIES
Creditors
—Amounts		 falling due within one year
13 (11,480) (12,670)
NET CURRENT ASSETS
TOTAL NET ASSETS 17
FUNDS OF THE CHARITY
CAPITAL AND RESERVES
ENDOWMENT
FUNDS		 14 4,707,247 4,493,221
RESTRICTED INCOME FUNDS 15 77,830 78,287
UNRESTRICTED
INCOME		 FUNDS 16 240,476 230,425

Unrestricted
Funds		 Unrestricted
Funds		 ZQ19
Donations 90 26, 125
Restncted
Funds
Chapel
and other collections
Total E30 695
INCOME FROM INVESTMENTS
Unrestricted
Funds
2020 2II21
Rental Income
Rents from let agricultural land 2, 146 2, 146
Rents from let properties 60
6
Way leaves 128 127
Investment Income
UK Bank Deposit Interest 47 202
UK Dividends 6 0 6
0
Total Unrestricted funds »0 06
Restncted
Funds
UK Bank Interest
Total income from investments E129 300
OTHER INCOME
Unrestricted
Funds		 2020 ~21
Guest room income 398 449
E398 E449

Staff Costs
Wages and salaries
Soaal Security costs		 2Q2Q
28,185		 2Q19
26,102
Pension costs 300
6

EXPENDITURE ON RAI SIN G FUNDS
Unrestricted
Funds
Repairs
and Management
Surveyor's
fees
General
maintenance
Insurance		 of Let Properties
and major works		 ZQ2Q
2,069
35,295
749
ZQlQ
750
23,252
717
3» 9
EXPENDITURE
ON CHARITABLE ACTIVITIES
2020 Unrestricted Restricted Recoupment
lk Endowment		 Total
~F ~F ~Fn ~2
Housing
and community		 serwces 74,188 74,188
Chantable
donations		 5,960 5,960
Support costs 16,238 16,238
Repairs, maintenance
and Improvements		 58,866 58,866
Governance
costs		 24,706 24,706
Depreciation 2 346 6
6176 344
2019 Unrestricted Restricted Recoupment
86 Endowment		 Total
Eugfjs Euljtjs ~Fn 2tt21
Housing
and community		 services 72,783 72,783
Charitable
donations		 4,570 4,570
Support costs 14,687 14,687
Repairs,
maintenance
and improvements		 88,316 88,316
Governance
costs		 20,978 20,978
Depreaation 1 846 13402
99
Support costs compnse: 2Q2Q ~21
Master's
salary
('/3)		 6,811 6,776
Clerk's salary('/3) 7,432 6,275
Telephone
and internet		 1,714 1,369
Subscriptions
and courses		 281 267
6
Governance
costs compnse:		 202 2019
Accountants'
remuneration
For Accountancy
services		 2,560 700
For Independent
Examination		 2,000 2,000
Master's
salary ('h)		 6,811 6,776
Clerk's salary ('h) 7,432 6,275
Bank charges 68 60
General
insurance		 1,861 1,781
Stationery,
copier, IT and		 postage 3,068 2,702
Telephone
and internet		 906 684
6

9. TANGIBLE FIXED ASSE TS
COST
As at 1 January
2020 and
at 31 December 2020		 Idin re Pell
20		 y
288		 McInnes
~Hou
75 572		 Flat
~Conversi
 Garden
n
~H
T~ot
6»
6
DEPRECIATION
As at 1 January
2020		 20,288 7,729 12,550 275,350 315,917
Charge for the year
As at 31 December 2020
NET BOOK VALUE
As at 1 January
2020		 20 288 3
387
6»»»		 909
As at 31 December 2020 0
Freehold
land and buildings		 represent the cost of developments since 1964 part funded by Housing
Association		 Grants
(HAG) of f77,832. There is no record of the original cost of the Hospital and developments before 1964,so a nil value
has been used
in these accounts.		 The original almshouse Is a 13th Century, Grade II listed building
and		 this, together
with
the more
modern
buildings		 on the Hospital's site are insured for approximately f8.5 million.
Of		 the net book
value of f405,127, f20,172 was prowded from the Hospital's General
Fund,		 f307,123 from its endowment
capital and
the rest by HAG.
The f585,176		 spent on the Garden House from Endowment funds is to be recouped over 59 years
from 1999to the year 2057. The twenty- second instalment is shown
within		 these accounts at Note 16.
Office Garden Lawn
Stairlift ~mn She'll ~Mow
r
COST
As at 1 January
2020		 1,423 4,432 5,193 11,048
Additions 4,999 4,999
Disposals
As at 31 December 2020 4 999 6
DEPRECIATION
As at 1 January
2020		 1,207 4,432 4,942 10,581
Charge for the year 500 216 251 967
As at 31 December 2020 500 6
NET BOOK VALUE
As at 1 January
2020		 6216 f251 f467
As at 31 December 2020 9 9
10. FIXED ASSET INVESTMENTS
Inv
0
Valuation
at I January
2020		 ~220
875,000		 ZQ19
875,000		 j
Unrealised
gains / (losses) on revaluation
Valuation
at 31 December		 2020 f875,000 f875,000
inves
m		 n Endowment funds Unrestncted funds
Endowment Recoupment Extraordinary General
Euad Eugd mRJ)pjLLUBE( ~Fn
Market value at 1 January
2020		 3,087,310 210,385 139,186 23,970 3,460,851
Additions at cost 343,808 10,000 86,702 26,536 467,046
Disposals in the year at opening value (310,557) (124,284) (23,969) (458,810)
Unreallsed investment gains/(losses) 195,666 (11,489) 5,315 1,333 190,825
Market value at 31 December 2020 E3,316,227 E208,896 E106,919 E27,870 E3,659,912
Histoncal Cost at 31 December 2020 E1,924,115 E227,425 E96,702 E26,536 E2,274,778
Histoncal
Cost at 31 D		 ecember ecember 2020 2020 E1,9 24,1 15
E		 227,425 E96,702 E96,702 E26,536 E2,274,778
All investments
are
in		 common investment funds and valued by reference to bid puces at the date of valuation.
All
investments
are carried		 at fair value. Asset sales and purchases are recognised at the date of trade at cost (that is their
transaction
value).
DEBTORS
~2 ZQIQ
Other debtors 4,690 1,396
Prepayments 6,419 6,590
Accrued
income		 790
E12,852 E8,776
CASH AT BANK AND IN HAND
Restncted
Funds
Chapel
Fund		 455
Unrestncted
Funds
COIF Deposit
Fund
—income account		 35,601
Other bank accounts
Total cash at bank and In hand
CREDITORS: AMOUNTS
FALLING DUE		 WITHIN ONE YEAR
2Q2Q ~21
Building
works		 2,991 1,116
Accrued accountancy and independent exammation 4,560 2,700
Other accruals 3,463 7,542
Deferred
Income		 373
Other creditors
ENDOWMENT
FUNDS
At 31December 2020 Endowment
EBIId		 Recoupment
)38IQ		 33118)
Balance at 1 January 2020 4,287,138 206,083 4,493,221
Expenditure
—depreaation		 on buildings (13,402) (13,402)
Transfers
- capital recouped		 10,000 10,000
Unreallsed
Investment		 property gains
Unrealised
investment		 gains/(losses) 195,666 (11,489) 184,177
Realised
Investment
gains/(losses)
Balance at 31 December 2020
At 31December 2019
Balance at 1 January 2019		 Endowment
EuJLc(
3,820,423		 Recoupment
Eggd
206,377		 )JILa)
4,026,800
Expenditure
—depreciation		 on buildings (13,402) (13,402)
Tran sfem
—capital recouped		 5,698 5,698
Transfer
- endowment		 fund
Unrealised
investment		 gains/(losses) 480,117 (5,992) 474,125
Reahsed
investment
gains/(losses)
Balance at 31December 2019

RESTRICTED FUNDS
At 31December 2020
Balance at 1January
2020		 Social
jjggEI~E8JJL
77,832		 Chapel
~Fn
455
Income 5,503
Expenditure (5,960)
Balance at 31 December 2020
At 31December 2019 Sooal Chapel
Fund
Balance at 1 January
2019		 77,832 455
Income 4,356
Expenditure (4,356)

At 31December 2020 At 31December 2020 Extraordinary
Repair		 General
Fund Eugfj Intal
Balance at 1 January
2020		 139,187 91,238 230,425
Income 211,986 211,986
Expenditure (214,457) (214,457)
Transfer
from Extraordinary		 Repair Fund (50,890) 50,890
Transfer to Recoupment Fund (10,000) (10,000)
Realised gains/(losses)
on Investments		 13,307 2,566 15,873
Unrealised gains/(losses) on Investments 5,315 1,334 6,649
Balance at 31 December 2020 E106,919 E133,557 E240,476
Extraordinary
At 31December 2019 Repair General
Fund End ~Tot
Balance at 1January 2019 113,497 81,623 195,120
Income 234,124 234,124
Expenditure (223,329) (223,329)
Transfer
from Extraordinary
Repair Fund
Transfer to Recoupment Fund (5,698)
Transfer to recoup
Endowment		 Capital
Realised gains/(losses)
on Investments
Unrealised gains/(losses) on investments 25,690 4,518 30,208
Balance at 31 December 2019

At 31December 2020 Restricted funds Unrestricted funds
Recoupment 5 acla I Extraordinary
& Endowment Housing Chapel Repair General
Grant Fund Fund ~Fn
Housing
Land and		 Buildings
1964-66 Pally House
Garages
1978-79 McInnes House 64,360 3,096 67,456
1981-83 Flat Conversion & Extension 1,235 13,472 6,300 21,007
1993-94 Garden House
307,123 77,832 20,172 405,127
Other Tangible Assets 4,499 4,499
Investment Properties 875,000 875,000
Common
Investment
Funds		 3,525, 124 106,919 27,869 3,659,912
Debtors 12,852 12,852
Cash at bank and In hand (2) 79,645 79,643
Creditors
In the Trustees'
opinion		 sufficient resources are held In an appropriate form to enable each fund to be applied in accordance with the
restrictions Imposed.
The		 General Fund has available reserves of E108,886 and the Extraordinary Repair Fund
will be used to fund
another
year of quinquennial		 repairs and Improvements.
At 31December 2019 Restricted funds Unrestricted funds
Recoupment Extraordinary
& Endowment Social Chapel Repair General
Eugd Fund Fdtltd
Housing
Land and		 Buildings
1964-66 Pally House
Garages
1978-79 McInnes House 64,360 3,483 67,843
1981-83 Flat Conversion & Extension 1,338 13,472 6,825 21,635
1993-94 Garden House
320,527 77,832 21,550 419,909
Other Tangible Assets 467 467
Investment Properties 875,000 875,000
Common
Investment
Funds		 3,297,694 139,187 23,970 3,460,851
Debtors 8,776 8,776
Cash at bank and in hand 455 49,145 49,600
Creditors