2021-12-31-accounts - Sir William Turner's Hospital

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CONTENTS		Page
Report ofthe Trustees		2-5
Reporting Accountant's	Report
Statement of Comprehensive Income
Balance Sheet
Statement of Changes	in Reserves
Statement of Cash Flows		10
Notes forming part of	the financial statements	11-17

		FOR	THE YEAR ENDED 31sT DECEMBER	2021
			Notes	2021	2020
				E
TURNOVER				154,878	178,368
Cost of Sales				(120,222)	(155,966)
Gross Deficit/(Surplus)				34,656	22,402
Administrative Expenditure				(30,160)	(44,169)
Other operating income
Operating (deficit)/profit				4,496	(21,767)
Gain on disposal of investments
Interest receivable and other income				1,963	2,412
Movement in fair value offinancial		instruments		108,044	65,188
Surplus/(deficit) on ordinary	activities before taxation			114,503	45,833
Tax on surplus on ordinary	activities
Surplus/(deficit) -total comprehensive			income for the year	114,503	45,833

				2021		2020
		NOTE
FIXEDASSETS
Tangible assets Housing properties —depreciated Other tangible fixed assets Investments	cost	9 10 11		1,156,461 814 1,094,750		1,197,886 392 991,920
				2,252,025		2,190,198
CURRENT ASSETS
Debtors		12	3,673		3,602
Cash at bank and in hand			318,688		298,003
			322,361		301,605
CREDITORS: AMOUNTS FALLING
DUE WITHIN ONE YEAR		13	(33,446)		(34,117)
NET CURRENT ASSETS				288,915		267,488
TOTAL ASSETSLESSCURRENT LIABILITIES				2,540,940		2,457,686
CREDITORS: AMOUNTS FALLING DUE
AFTER MORE THAN ONE YEAR		14		(895,332)		(926,581)
NET ASSETS				1,645,608		1,531,105
RESERVES:
Income and expenditure reserve		16		707,938		593,435
Revaluation reserve		16		122,432		122,432
Designated reserve-maintenance Designated reserve Designated reserve-chapel		16 16 16		63,500 137,994 613,744		63,500 137,994 613,744
TOTAL FUNDS				1,645,608		1,531,105

				Designated Chapel	Designated Maintenance	Designated Investment	Revaluation Reserve	Income & Expenditure	Total
						Reserve		Reserve
					f.
At 1"January	2021			613,744	63,500	137,994	122,432	593,435	1,531,105
Surplus for the year/ total comprehensive			income					114,503	114,503
Gain materialised		on	sale	of
investments
Transfers
At31"December		2021		613,744	63,500	137,994	122,432	707,938	1,645,608

			Notes		2021		2020
Cash flow from operating	activities		17		18,722		1,065
Cash flow from investing	activities
Development of property
Purchase ofother fixed assets
Capital grants received
Receipts from sales of investments
Investments bought
Interest received				1,963		2,412
Net cash flow from investing		activities			1,963		2,412
Net cash outflow before use		of liquid
resources and financing					20,685		3,477
Net decrease in cash and	cash equivalents				20,685		3,477
Cash and cash equivalents		at 1"January 2021			298,003		294,526
Cash and cash equivalents		at31"December 2021			318,688		298,003

TURNOVER
				2021	2020
All relates to housing		for older persons.
Gross rents receivable				123,340	121,024
Amortised government Donations receivable		grants		31,250 100	31,250 143
Grants released					25,536
Other income				188	415
				154,878	178,368
COST OF SALES
				2021	2020
					K
Services				39,254	39,101
Routine maintenance				10,343	13,179
Cyclical maintenance				6,671	10,807
Extraordinary maintenance				22,252	51,118
Depreciation				41,702	41,323
Other costs					438
				120,222	155,966
OTHER OPERATING	INCOME
Profit on sale of piano
OPERATING SURPLUS/(DEFICIT)
				2021f	2020
Operating surplus/(deficit)			is stated after
charging/(crediting):
Reporting Accountant's
remuneration (including		VAT)		1,416	1,468
Depreciation of owned		assets		41,702	41,323
Amortisation of grants				(31,250)	(31,250)