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