2023-03-31-accounts - Hospital Of St Mary The Virgin (Rye Hill And Benwell)

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Ths porffolio total return was -5.9'/o returns for the following indices:	for the y	ear to 31 March 20	23 (2022: +6.1'/0). This co
	Year to	31.03.23	Year to31.03.22
BD Risk Category 6 Benchmark FTSE British Government All Stocks	Index	1 4o/0 -16.3'/0	+9 6'/e -510/0
Iboxx 6Corporate Bond Index		-10.6'/o	-5.5'/o
FTSEAll Share Index FTSEAll World Ex UK Index		2 9o/o -0 go/o	13 Oo/o + 12.6'/o
IA Property Index IATargeted Absolute Return Index		-6 4'/o +03/	+23.6'/0 2 5o/0

				Unrestricted	Total	Total
				funds	funds	funds
				2023	2023	2022
			Note	5	5
Income from:
Donations and legacies			3	189,517	189,517	'178,556
Chaditable activities			4	215,593	215,593	219,505
Investments			5	11,711	11,711	9,473
Total income				416,821	416,821	407,544
Expenditure on:
Raising funds				3,056	3,056	3,390
Charitable activities				391,942	391,942	391,035
Total expenditure				394,998	394,998	394,425
Net income before net (losses)/gains		on
investments				21,823	21,823	13,119
Net (losses)/gains	on investments			(43,035)	(43,035)	20,150
Net movement in	funds			(21,212)	(21,212)	33,279
Reconciliation of	funds:
Total funds brought	forward			2,758,391	2,758,391	2,725,112
Net movement in funds				(21,212)	(21,212)	33,279
Total funds carried forward				2,737,179	2,737,179	2,758,391

				Total funds	Total funds
			Note	2023f	2022f
Income				416,821	407,544
Losses/(gains) on investments				(43,035)	20,160
Gross income in the reporting period				373,786	427,704
Less: Total expenditure				(394,998)	(394,425)
Net expenditure/(income)	for the reporting	period		(21,212)	33,279
The notes on pages 16to	37form part ofthese financial statements.

	FOR	THE	YEAR END	ED 31 MARCH 202	3
					2023	2022f
Cash flows from operating	activities
Net cash used in operating	activities				42,686	83,899
Cash flows from investing	activities
Dividends, interests and rents from investments					11,711	9,473
Purchase oftangible fixed assets					(100,525)	(50,825)
Proceeds from sale of investments					31,250	28,462
Purchase ofinvestments					(38,572)	(34,819)
Net cash used in investing	activities				(96,136)	(47,710)
Cash flows from financing	activities
Net cash provided by financing activities
Change in cash and cash	equivalents	in	the year		(53,450)	36,189
Cash and cash equivalents	at the beginning		ofthe year		115,191	79,002
Cash and cash equivalents	at the end of		the year		61,741	115,191
The notes on pages 18to37form part ofthese financial				statements

		Unrestricted	Total
		funds	funds
		2023f	2023 8
Donations		2	2
St Mary the Virgin Estate Management	Charity	189,515	189,515
		189,517	189,517
		Unrestricted	Total
		funds	funds
		2022	2022
		6
St Mary the Virgin Estate Management	Charity	178,566	178,566

Contributions	from	residents
Contributions	from	residents

Unrestricted	Total
funds	funds
2023	2023
8	8
215,593	215,593
Unrestn'cted	Total
funds	funds
2022f	2022f
219,505	219,505

						Unrestricted
						funds	Total
						2023	2023
						E	6
Direct	costs	-	Provision	ofsheltered	accommodation	391,942	391,942
						Unrestricted
						funds	Total
						2022	2022
						E	E
Direct	costs	-	Provision	ofsheltered	accommodation	391,035	391,035

					Activities
					undertaken	Support	Total
					directly	costs	funds
					2023	2023 S	2023f
Direct	costs	- Provision	ofsheltered	accommodation	349,327	42,615	391,942
					Activities
					undertaken	Support	Total
					directly	costs	funds
					2022f	2022 E	2022 6
Direct	costs	- Provision	ofsheltered	accommodation	338,062	52,973	391,035

			Direct costs-
			Provision of
			sheltered	Total
			accommodation	funds
			2023	2023
			6	6
Staff costs			105,840	105,840
Depreciation			83,053	83,053
Water rates			15,632	15,632
Insurance			5,545	5,545
Lighting	and heating		49,205	49,205
Repairs and maintenance			62,264	62,264
Upkeep ofgrounds			14,934	14,934
Cleaning	and laundry		3,233	3233
Warden	call system		12,480	12,480
Sunddes			3,686	3,686
Clerk's salary			7,493	7,493
Housing	Association	grant released	(14,038)	(14,038)
			349,327	349,327

Analysis of	direct	c	osts (continued)
				Direct costs-
				Provision of
				sheltered		Total
				accommodation		funds
					2022	2022
Staff costs				for,eoe		1or,eoe
Depreciation					76,339	76,339
Water rates					13,992	13,992
Insurance					5,291	5,291
Lighting and	heating				64,044	64,044
Repairs and	maintenance				49,380	49,380
Upkeep ofgrounds					11,926	11,926
Cleaning and	laundry				2,140	2,140
Warden call system					13,104	13,104
Sundries					569	569
Clerk's salary					7,507	7,507
Housing Association			grant released		(14,038)	(14,038)
				338,062		338,062
Analysis ofsupport			costs
				Direct	costs-
				Provlsion of
				sheltered		Total
				accommodation		funds
					2023	2023
					6	6
Staff costs					19,827	19,827
Sundry expenses					443	443
Postage, stationery		and advertising			4,147	4,147
Subscriptions					4,012	4,012
Bank charges					846	846
Consultancy	and training				90	80
Office insurance					687	687
Professional	fees				3,045	3,045
Governance	costs				9,518	9,518
					42,615	42,615

Analysis of	suppor	t costs (continued)
			Direct costs-
			Provision of
			sheltered	Total
			accommodation	funds
			2022	2022
Staff costs			15,692	15,692
Sundry expenses			2,583	2,583
Postage, stationery		and advertising	2,326	2,326
Subscriptions			2,467	2,467
Bank charges			843	843
Consultancy	and training		120	120
Office insurance			623	623
Professional	fees		16,308	16,308
Governance	costs		12,011	12,011
			52,973	52,973

		2023 8	2022f
Auditors	remuneration	7,020	9,509
Clerk's	fees	2,498	2,502
		9,518	12,011

Schedul 2023	e ofoutgoi	ngs	on properties	- 31 March
						Thomas
					Rye Hill	Horsley
					Homes	House	2023
					f	f
Water rates					5,351	10,281	15,632
Insurance					2,395	3,150	5,545
Lighting	and heating				17,967	31,238	49,205
Repairs	and maintenance				26,395	35,869	62,264
Upkeep	ofgrounds				5,270	9,664	14,934
Cleaning	and laundry				621	2,612	3,233
Warden	call system				3,783	8,697	12,480
Sundries					1,537	2,149	3,686
Clerk's fees					3,246	4,247	7,493
Housing	Association	grant received				(14,038)	(14,038)
Wages and salaries					41,005	64,835	105,840
Depreciation					43768	39285	83053
					151338	197989	349327
Schedule ofoutgoings			on properties	-31March
2022
						Thomas
					Rye Hill	Horsley
					Homes	House	2022
					f	f	f
Water rates					4,826	9,166	13,992
Insurance					2,603	2,688	5,291
Lighting	and heating				28,984	35,060	64,044
Repairs	and maintenance				20,285	29,095	49,380
Upkeep	ofgrounds				4,459	7,467	11,926
Cleaning	and laundry				369	1,771	2,140
Warden	call system				3,845	9,259	13,104
Sundries					538	31	569
Clerk's fees					3,620	3,887	7,507
Housing	Association	grant received				) (14,038	(14,038)
Wages and salaries					44,188	63,620	107,808
Depreciation					41 518	34821	76339
					155235	182827	338562

Audit	ors' remuneration
				2023f	2022f
Fees	payable to the Charity's	current	auditor for the audit ofthe Charity's
annual	accounts			5,200	8,100
Fees annual	payable to the Charity's accounts	previous	auditor for the audit ofthe Charity's		2,189

Staff costs
		2023f	2022
Wages and salaries		121,842	118,584
Social security costs		3,825	4,916
		125,667	123,500
The average number of persons employed	by the Charity	dudng the year was as follows:

Number ofemployees
The average headcount	expressed as full-time	equivalents	was:
Number of employees

2023	2022
No.	No.
2023	2022
No.	No.

The units ofaccommodation for disadvantaged peop	le 1stat social rent are:-
	2023	2022
	Number	Number
Thomas Horsley House	40	40
Rye Hill	18	18
	58	56

	Freehold	Fixtures and
	property 6	fittings f	Total 5
Cost or valuation
At 1 April 2022	2,684,262	270,003	2,954,265
Additions	6,288	94,237	100,525
At 31 March 2023	2,690,550	364,240	3,054,790
Depreciation
At 1 April 2022	472,085	240,503	712,588
Charge for the year	72,950	10,103	83,053
At 31 March 2023	545,035	250,606	795,641
Net book value
At 31 March 2023	2,145,515	113,634	2,259,149
At 31March 2022	2,212,177	29,500	2,241,677

									Otherflxed
							Listed		asset
							investments	f	investments	Totalf
	Cost orvaluation
	At 1 April 2022						503,895		17,878	521,773
	Additions						35,064		3,508	38,572
	Disposals						(35,303)			(35,303)
	Revaluations						(38,982)			(38,982)
	At 31 March 2023						464,674		21,386	486,060
	Net book value
	At 31 March 2023						464,674		21,386	486,060
	At 31March 2022						503,895		17,878	521,773
	All the fixed asset investments			are held in the		UK.
17.	Debtors
									2023 6	2022 f
	Due within one year
	Trade debtors								4,647	4,328
	St Mary the Virgin Estate		Management		Charity				36,775	22,570
	Prepayments and accrued income								19,191	'9,601
									60,613	36,499
	Trade debtors represent		gross	social housing		rent arrears.
18.	Creditors: Amounts	falling due within one				year
									2023 6	2022f
	Trade creditors								2,562	8,262
	Other creditors									858
	Accruals and deferred	income							29,549	35,318
									32,111	44,438

Statement of	funds - current year
							Balance at
	Balance at 1				Transfers	Gains(	31 March
	April 2022 6	Income f	Expenditure	6	in/out 6	(Losses) 6	2023 6
Unrestricted
funds
Revaluation
reserve	711,267				(12,627)		696,640
Major planned
expenditure
reserve	250,000						250,000
General Funds	1,797,124	416,821	(394,998)		12,627	(43,035)	1,788,539
	2,758,391	416,821	(394,998)			(43,035)	2,737,179
Statement of	funds - prior year
							Balance at
	Balance at				Transfers	Gains/	31March
	1April 2021	Income f	Expenditure	f	in/out	(Losses) E	2022 E
Unrestricted
funds
Revaluation
reserve	723,894				(12,627)		711,267
Major planned
expenditure
reserve	200,000				50,000		250,000
General Funds	1,801,215	407,544	(394,425)		(37,373)	20,150	1,797,124
	2,725,112	407,544	(394,425)			20,160	2,758,391

Analysis ofnet assets	between funds - current year
		Unrestricted	Total
		funds	funds
		2023	2023
		6	6
Tangible fixed assets		2,259,149	2,259,149
Fixed asset investments		486,060	486,060
Current assets		122,354	122,354
Creditors due within one year		(32,111)	(32,111)
Provisions for liabilities	and charges	(98,273)	(98,273)
Total		2,737,179	2,737,179

Analysis ofnet assets	between funds - prior year
		Unrestricted	Total
		funds	funds
		2022 5	2022f
Tangible fixed assets		2,241,677	2,241,677
Fixed asset investments		521,773	521,773
Current assets		151,690	151,690
Creditors due within one year		(44,438)	(44,438)
Provisions for liabilities	and charges	(112,311)	(112,311)
		2,758,391	2,758,391

							2023f	2022f
	Net income/expenditure	for the	year	(as per	Statement	of Financial
	Activities)						(21,212)	33,279
	Adjustments for:
	Depreciation charges						83,053	76,339
	Losses/(gains) on investments						43,035	(20,160)
	Dividends, interests and rents from		investments				(11,711)	(9,473)
	Decrease/(increase) in	debtors					(24,377)	10,362
	Increase/(decrease) in	creditors					(12,064)	7,590
	Release ofgrant						(14,038)	(14,038)
	Net cash provided by operating		activities				42,686	83,899
24.	Analysis ofcash and	cash equivalents
							2023	2022f
	Cash in hand						61,741	115,191
	Total cash and cash equivalents						61,741	1f5,191
25.	Analysis ofchanges	in net debt

			2023	2022
			6
Not later than		1 year	2,476	2,221
Later than	1 year and not later than 5years		6,874	7,215
Later than	5years		2317	3,142
			11,667	12,578