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2022-12-31-accounts

SIR EDMUND TUILryOR'S HOSPITAL Regfistered Charity Number: 218766 Accounts for the year emded 31" December 2022 Saul Falrholm LSmited Chartered Accountanti 12 Tentercroft Street LincolD 57DB

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StR EDMLIND TLI. ifOR'S HosprrAL TTUStfes Re rt for the er ended 31" Deeember 2022 OWECTIVES Af4D AurivtTIES Thc Charity is rcgistercd with rhc ChaTitie5 Commission to providc accommodation for thc clderty. Thc 5pccific objccts of thc cb￿lty arc to PTovidr and administcr alTnshousc accommodatioll in -Wragby.-The" tharity-isiJotrrcstrictive-itt-detern]ining-thrCrifrria-for￿ntitltrnent-to-a1M&hollsc accommodation. A group of 10 aimshow centrally located in Wragby constitutes the freehold property. The day to day administration 15 undertaken by Robert Bell & Companyy Chartered Survcyors, who rcFK)rt to the TrustC¢8. Th¢ TrLL8t￿s bav¢ bad rcgard to Charity CoullDi5sion guidamce on pllblic benefit. The Trustees have complied witb the duty in s¢ctioD 17(5) of tbe 2011 Ciwities Act. as amended by the Charitiss Act 2022. to have duc rcgard to guidancc P[￿1]shCd by thc Charity Commi&8ion. ACHIEVEMENTS AND PERFORMAYCE The Trusiees aTe satisfied the performance and achievement of the Clwity in the year. FINANCIAL REVIEW During ihe year the Charity had total incomi￿g resources of £33299 (2(Y21 . £31614) of which £32418 12021 £311511 &rose from maintenance colltributions. Toral expenditure w&$ £48498 12021 £51920) of which £35329 12021 £37412) related to mainienance of buildings. The deficit ising on incoming and outgoing resourceg. together with the gain on investment agsets held of fl 116 (2021 ga￿ £26292) brougllt ibout an overnll deficit in th¢ year of (£14083) (2021 sU￿]uS £5986). The Chanty maintasns financial m8nagem¢nt policies d¢sigD¢d lo eliminate as faT as ptsssible fin8ncia] risk to the Charlty. This involTres maintatning conungencies for future cyclical repaits requirem¢nts and insuring against insurable Iwes. Tbe believe the range of investments provides ovcrall protection of charitablc a&scts but thcy do regularly rcview tbe policies in thts area to reduce thc fwancial risk The investment selection EX)Licy is based on achieving easy ac£e&s to the ￿ fimds and therefor¢ a low rate of interesi is accepwl. DurinE ?022 four me¢tings of trUs￿S weTe held. Re-roofiDE was eaTried out to No's 5 & 6, renovaÉions including dry lining lo No'5 6 & ? necessitating a￿angIng th¢ cashing in of £1 O,(M)O from long tem investments after Lhe year end. The Equivalent Fair Rents were re-&sSeSse￿ and maintenance contributions reviewed. Thc rcstrictcd fund5 r￿￿sents th¢ historic grant r￿c1Ve￿ with the freehold land and buildings. The D¢sigaat¢d Fund r¢pr¢s¢nt8 a reserv¢ for fviure majoT r¢pair ¢xp¢nth'tur¢ to housing prO￿rtIes. STRUCTURE, GOVEILYANCE AND TrIA%AGE.MEIIT Thc Turnor Trust was cstablished by Sir F.dmund Turnor's will of 1708 and is regulatrd by a S¢al¢d Scheme of the Charity Con]missioners dated 1989 as a Registered ChaTity No. 218766. Its address is clo Roècrt Bcll & Company, Old Bank Chambcrs, Horncastlc. Lincolnshirc, LN9 SHY. Th¢ Board of Trustees are appoint¢d by bexng ¢x-offi¢io. or b¢ing noJnina*d by th¢ Bishop of Lincoln or being co-opted. Appropriate irLdurLion and training is provid¢4L Thc Aunual Gcn¢ral M¢ctiog at which thc ChaiffliaD for thc cnsuing ycar is clectcd is held iti MarckL Medings are held L8 reqUI￿d and appropTiatc in thc ycar.

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SIR EDL¥IUND TLILYOR'S HOSPITAL Truste¢s R rtforthe ear ended 31" De£ember 2022 REFERENCE AND ADMINISTIL4TIVE DETAILS Th¢ name of the Charity is Sir Edmund Tumor's Hospi￿1. Its registration numbrr 18 218766. The mc1￿￿addr￿rrero-RUber￿￿el￿￿-eoTnPany,-oE&8antreh3kn-frIomcastl￿-LlnC0lllS￿lre, LN9 SHY. The Charity TnLslees during the year to 31M December 2022 were: Rey Mark Holden (Chairm￿) MTS Elizabeth Stephe￿80n Rev Susan Bradley Rev Jame5 Ca￿pb¢ll Mrs L Westwood Mrs T+Aonica Bown Marilyn Thon)icroft Mr Roy Shuttleworth- r6signed 5 DcccmbcT 2022 Mr J Bird The accounts are subjected to au ind¢peDdent examiners rwrt by R Welsh FCA of Saul FaiTholm LIMik￿ Charteroj Accowitants. 12 Tentercroft SireeL Lincoln. ROBE BELL AND CO. Managing Agcnts Old Bank ChambErs Horncastl¢ Lin¢olushi Rcv Mark Holden On Behalf of the Trusltts 6th Marcb 2023

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SIR EDlVtUND TU￿￿OR$s HOSPITAL Statement of Financial Activities for the ear ended 31" December 2022 Re5trictedThestrictefvTDtsi-Restilctedxestrlcted-. Note F Funds 31.12.2022 Funds Funds 31.12.2021 INCOME FROM: CharitELble Activities Inv¢stTn¢nts 32418 881 32418 88L 31151 463 31151 463 TOTAL 33299 33299 31614 31614 EXPENDITURE ON Charitable Activities 2282 46216 48498 2282 49638 51920 TOTAL 2282 46216 48498 2282 49638 51920 DIET (EXPEISDITURE)I IL¥COME (2282) (12917) (15199) (2282) (18024) (20306) OTHER RECOGNISED GAIIIS (L05s)IGain on Rcyaluation of InvestttLetLt Assets 1116 1116 26292 26292 NET MOVEMEiYr IN FUNDS (2282) (11801) (14083) {2282} 8268 5986 RF.CONCII,ATIOY OF Tr'UNDS Fund Balances Broughi Forward 1552 302557 457757 157482 294289 451771 FUND BALANCES CARRIED FORIVARD 152918 290756 443674 155200 302557 457757

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SIR EDML "D TURTriOR'S HOSPITAL Notes to the Accounts for the e4r eDded 31" December 21122 ACCOUNTING POLICIES -(afBH¥ts.of.PrtP¥T4fj0 --.. --..- . ..-.-- .---.--- .--.- .----...--- .- The Finan¢ial Statements have been prepared under the historical cost ¢oni'¢niion and in 2ccordance with the Statement of Rccommcndcd Practice applicable to ch￿1t[eS preparing their accounts in accord&ncc with Chtirities SORP: Accounting and Reportillg by Cknariti￿: Statement of Recommended Practicc applicable to Charitigs preparing their accounts in accordance with the Financial Reporting Standard applicabl¢ in th¢ UK and REpublic of trcland (FRS102) cffcctivc I" January 2019. The Trust de-regL5t¢rcd from th¢ Housing Corporation as a registered s(Kial landlord in 1998. (b) Housing A580ciatiDn Grant A Housing Association Grdnt (HAG) totalling £228228 ￿ made by the Department of the EnNryronmcnt and w&s utilised to reduce the amount of mortgagc loan to the &rnount whicb it is estimated can be serviced by the net anttual iDCO￿¢ of the scheme. Th¢ amount of HAG was calcuiatrd on thc qualifying costs of the scheme in accordance with Instructior￿ issu¢d from time io time by the Department of the Envirollmcnt. The graELt Was paid direct to the lending authority. The residual loan was r¢payabl¢ to th¢ fll)ance provider over a pctiod of 30 ycars. (e) Fixed A55ets Tbc cost of building the almshouses is not known as no record5 are available. It is known that some improyemettts w'ere made in the mid 1960,5 financed by tli£ (now) East Lindsey District Council in rbe sull] of £8630. It ljas bccn decided to show tbe cosi of the assets, prior to the present improvements. as a nominal figure of £8630. Further improvements weff mad¢ b¢tween 1989 and 1991 fmallced by the Housing CortM)ratiots in th¢ sutn of £262316. Th¢ Sum of the two improvement figures has Eeen tsken as th¢ cost of the propety in the accounts. The almshouse5 &re considered to be the only fixed assets of thc Charity and furthcr c&pÉtsl expetLth"tllre is not expected. (d) Depredation Depreciation is calculated on a straight linc basi5. Deprecialion is provided to writs down th£ cost IG%s ￿ttInated residual vatue, being £42718, over the estimatcd uscful life of l(K) ycars. (e) Restrlded Reserves The restricted fimd TepTesents the Housing Association Grant rec¢iv¢d the accunLula￿l depreciation on thc rclatcd propcrty. (D Designated Reserves Tbe dcsignated rcserve reprcsents amollnts set aside for future cyclical repairs and maill1¢nan￿ and eXtraO￿dinary repairs to housing accommodation.

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SIR EDMLLID TURliOR'S HOSPITAL Notes to the Aceoullts for the ear ended 315t December 21122 CHAIUTABLE AcrtVlTIES -.RestrfrtE¢tr￿tr[¢ted- 21122 Funds Funds Fulld Fullds Tot Cleatiing Rates Maintcnancc of Buildings Depreciation Electricity Maintenance of Grounds Insurances Sundries and Letting Fee Intrxcst 225 2073 225 2073 222 1267 222 1267 35329 35329 2282 392 37412 37412 2282 2018 2282 2282 392 2018 1089 1420 1089 1420 1100 1340 1100 1340 1622 1622 2365 2365 2282 42150 4M32 2282 45724 48Q06 Support Costs Management Fees Govemance COSLS 2956 2956 2804 2804 1110 iiio iiio 2?82 46216 48498 2282 49638 51920 Support and govunancc costs arc allocatcd in thcir cntircty to the ChaTity's Principal aetivity. GOVERPIANCE COSTS 2022 21121 Itsdepcndcnt Exwniners Fees iiio iiio Thig fee includes production of statutory accounts for thc Charity. TRUSTEES RELWIUNERATION AIW EXPENSES No remuneration dir¢rtly or indirKtly out of thc funds of th¢ Charily was paid or is payable for the year to atty Tnjstee or any pcrson orpersons known to be connected with any of them. There have been no reimbursement of expense5 made to any Trustees during the y¢ar.

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ii. EDM[i￿D TLILIOR'S HOSPITAL Note8 to the Accounts for the ear ended 31st December 2022 TANGIBLE FIXED ASSETS- FREEHOIII LAIII) BUILDINGS Al Bcgintting of Year 270946 Ai End of Year 270946 DEPRECIATIO At Bcginning of Year Charge 73028 2282 At End of Year 75310 NET BOOK VALUE At Be￿nnIng of Year 197918 At Eud of Year 195636 INVESTIWEwrs 2022 2021 M*rket Value Market Value Cost Cost 1381 (2021 . 1381) M & G Charitymulti Asset Fund. Markct value £88.62 (2021-. £88.62) p¢r IIM) units Chzrities Deposit Fulld 1824 (2021 . 1824) M & G Clwity Multi Asset Fund. Market Value £9251.57 (2021 .. £9251.57) pcr 100 ullits. St jam￿ Place Unit Trust Investment 10020 39349 12223 41071 l(M)20 39349 12616 40674 76 192488 76LK> 190980 56969 245782 56969 244270 2022 21b21 Investments at fflaTk¢L vo]u¢ can I￿ sllnll￿ as: At 3151 Dec¢tnber 2021 Disp05als IktK)sit Interest Re¢eiv¢d (Luss)IGaia on Jnvcsttnents on Revaluation 244270 240005 {22033) 396 1116 26292 Markcl Vajuc at 315¢ Decetnber 2022 245782 244270 The Charities DetK>sit Fund Investmcnl is repayable on demand. It has not been possible to deterllLine the costs of the Dther invcstmeAts And these are shown at l989 valuations plus Gost of additions.

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