2021-06-30-accounts - The French Hospital

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			Page
Reference and administrative		details ofthe Charity, its Trustees and advisers	1-3
Trustees' report			4-12
Independent auditor's	report	on the financial statements	13-16
Statement offinancial	activities		17
Balance sheet			18
Statement ofcash flows
Notes to the financial	statements		20-39

Reference	and Administrative Details ofthe Charity,	and Administrative Details ofthe Charity,	and Administrative Details ofthe Charity,	its Trustees and Advisers	its Trustees and Advisers
for the year ended 30June 2021
Governor		The Rt Revd and	Rt Hon Lord Chartres		KCVO DD FSA
Directors	(Trustees)	LJ Du Cane, Deputy Governor
		G R Rubython, Treasurer
		E C A Martineau,	Secretary
		C E M Martineau,	Quarterly	Committee	Chairman
		J0 Cash
		PJ Duval
		Emma, Lady Monson
		Mrs P C Ouvry-Johns
		AJ Gillett
		Dr G Fargher
		N BRuth
		E C P Lefroy
Directors	(non-Trustees)	J G Ouvry
		J P A Ouvry
		C KCash
		J C BSouth
		J G Lefroy
		C Duval
		RW Place
		E L Darwin (deceased 17December 2020)
		The 9th Earl of Radnor
		The Very Rev, H	E C Stapleton
		Wing Commander	D V Duval
		AJ Houssemayne	de Boulay
		Mrs E L Willis (resigned 28		January 2021)
		Mrs ESLeonard
		Mrs JS Darwin
		Mrs L McCarraher
		Ms C ESouth
		DrTV Murdoch
		Mrs TA Letheren
		A E Duval
		Mrs PJ Hoffmann-Becking
		R C Gamier
		C P D Grellier
		D I Beeby
		H L Mallalieu
		C A M Boileau
Honorary	Director	Duke of Buccleuch and Queensberry,			KT, KBE

for the. year ended. 30J	for the. year ended. 30J	for the. year ended. 30J	une 2021			,
Charity registered
number			219318
Principal	office		41 La Providence
			Rochester
			Kent
			ME1 1NB
independent		auditor	Kreston Reeves LLP
			Chartered Accountants
			Statutory Auditor
			Montague Place
			Quayside
			Chatham Maritime
			Chatham
			Kent
			ME4 4QU
Bankers			The CAF Bank
			25 Kings Hill	Avenue
			Kings Hill
			West Mailing
			ME194TA
			Lloyds TSB
			Week Street
			Maidstone
			ME14 1RW
			CCLA Investment		Management		Limited
			80 Cheapside
			London
			EC2V 6DZ
Solicitors			Bates Wells	&Braithwaite		London LLP
			10Queen Street Place
			London
			EC4R 1BE
Chartered	Building		JA Warner	Ltd
Surveyor			The Joiners	Shop
			The Historic	Dockyard
			Chatham
			Kent
			ME4 4TZ

forthe year	ended 30J	une 2021			,
Clerk to the	Trustees	I W Mackenzie		(retired	22 August 2021)
		C H Parker (appointed			23 August 2021)
Chaplain		Rev A Lawal
Steward		J Corrigan
investment	Manager	Ruffer LLP
		80 Victoria Street
		London
		SW1E5JL
Investment	Manager	Brewin Dolphin		Ltd
		12.Smithfield	Street
		London
		EC.1A9BD
Head ofEngagement		Mrs N Tegg
and Deputy	Clerk

for the year ended 30J	une 20	21
		Endowment	Restricted	Unrestricted	Total	Total
		funds	funds	funds	funds	funds
	Note	2021	2021 f	2021	2021	2020
Income and
endowments from:
Donations and legacies Charitable activities	4 5			25,487 352,122	25,487 352,122	38,232 327,095
investments	6	3,772	897	202,625	207,294	205,237
Total income and endowments		3,772	897	580,234	584,903	570,564
Expenditure on: Raising funds Charitable activities	7,8		500	25,404 511,426	25,404 511,926	15,530 420,016
Total expenditure			500	536,830	537,330	435,546
Net income before
net gains/(losses) on investments		3,772	397	43,404	47,573	135,018
Net gains/(losses) on investments		54,379	12,930	507,201	574,510	(63,344)
Net income		58,151	13,327	550,605	622,083	71,674
Transfers between funds	18		(11,998)	11,998
Net movement in		58,151	1,329	562,603	622,083	71,674
funds
Reconciliation of
funds:
Total funds brought forward		611,437	223,620	4,254,990	5,090,047	5,018,373
Net movement in funds		58,151	1,329	562,603	622,083	71,674
Total funds carried		669,588	224,949	4,817,593	5,712,130	5,090,047
forward

				2021		2020
		Note
Fixed assets
Tangible assets		12		816,408		868,982
Investments		14		3,814,'l44		3,088,472
Investment property		13		793,637		793,637
				5,424,189		4,751,091
Current assets
Stocks		15	5,084		5,152
Debtors		16	40,317		47,708
Cash at bank and	in hand		306,394		354,359
			351,795		407,219
Creditors: amounts	falling due within one
year		17	(63,854)		(68,263)
Net current assets				287,941		338,956
Total net assets				5,712,130		5,090,047
Charity funds
Endowment funds		18		669,588		611,437
Restricted funds		18		224,949		223,620
Unrestricted funds		18		4,817,593		4,254,990
Total funds				5,712,1i30		5,090,047

						2021	2020
							F
Cash flows from operating			activities
Net cash	used in operating	activities				(104,097)	(29,127)
Cash flows from investing			activities
Dividends,	interests and rents from investments					207,294	205,237
Proceeds	from sale of investments					1,605,967	494,613
Purchase	ofinvestments					(1,757,129)	(664,759)
Net cash	provided by investing activities					56,132	35,091
Change	in cash and cash		equivalents	in	the year	(47,965)	5,964
Cash and cash equivalents			at the beginning		ofthe year	354,359	348,395
Cash and cash equivalents			at the end	of	the year	306,394	354,359

for t	he year ended 30June 20	he year ended 30June 20	21
4;	Income from donations		and legacies
				Unrestricted	Total	Total
				funds	funds	funds
				2021f	2021	2020f
	Donations			21,102	21,102	35,583
	Legacies			2,000	2,000
	Friends' income			2,385	2,385	2,649
				25,487	25,487	38,232
	Total 2020			38,232	38,232
5.	Income from charitable		activities
				Unrestricted	Total	Total
				funds	funds	funds
				2021	2021	2020f
	Almshouse	contributions	receivable	352,122	352,122	327,095
	Total 2020			327,095	327,095

	Endowment	Restricted	Unrestricted	Total	Total
	funds	funds	funds	funds	funds
	2021	2021	2021	2021	2020
					F
Rent			130,370	130,370	122,320
Income from listed investments	3,772	897	72,111	76,780	82,574
Interest receivable			144	144	343
	3,772	897	202,625	207,294	205,237
Total 2020	6,767	1,609	196,861	205,237

		Unrestricted	Total	Total
		funds	funds	funds
		2021	2021	2020
				E
Fundraising	expenses	9,180	9,180	678
Total 2020		678	678

			Unrestricted	Total	Total
			funds	funds	funds
			2021	2021	2020
					E
Investment	management	fees	16,224	16,224	14,852
Total 2020			14,852	14,852

for t	he year ended 30June 20	he year ended 30June 20	21
9.	Analysis ofexpenditure		by activities
				Direct	Support	Total	Total
				costs	costs	funds	funds
				2021	2021	2021	2020
					R		E
	Charitable activities			483,319	28,607	511,926	420,016
	Total 2020			380,318	39,698	420,016
	Analysis ofdirect	costs
				Restricted	Unrestricted	Total	Total
				funds	funds	funds	funds
				2021	2021 K	2021f	2020 E
	Repairs and maintenance				93,690	93,690	67,998
	Accountancy				700	700	650
	95 High Street - direct costs				69,128	69,128	27,345
	Administration			500	17,814	18,314	17,920
	Utilities and rates				48,473	48,473	51,424
	insurance				12,035	12,035	11,956
	Write offoftangible	fixed	assets				(13,746)
	Wages and salaries				170,787	170,787	158,264
	National insurance				11,196	11,196	10,486
	Pension costs				6,421	6,421	5,597
	Depreciation				52,575	52,575	42,424
				500	482,819	483,319	380,318
	Total 2020			500	379,818	380,318

				Unrestricted	Total	Total
				funds	funds	funds
				2021	2021	2020
						E
	Auditors'	remuneration		6,530	6,530	6,166
	Professional		fees	22,077	22,077	33,532
				28,607	28,607	39,698
	Total 2020			39,698	39,698
10.	Staff costs
					2021f	2020 E
	Wages	and	salaries		170,787	158,264
	Social security costs				11,196	10,486
	Pension	costs			6,421	5,597
					188,404	174,347

		2021	2020
		No.	No.
Almshouse	staff		9

	Freehold	Motor	Other fixed
	property	vehicles	assets	Total
				F
Cost or valuation
At 1 July 2020	1,494,159	70,367	415,456	1,979,982
At 30June 2021	1,494,159	70,367	415,456	1,979,982
Depreciation
At1 July2020	960,888	53,126	96,986	1,111,000
Charge for the year	41,823	2,815	7,936	52,574
At 30June 2021	1,002,711	55,941	104,922	1,163,574
Net book value
At 30June 2021	491,448	14,426	310,534	816,408
At 30June 2020	533,271	17,241	318,470	868,982

	Listed
	investmentsf
Cost or valuation
At1 July2020	3,088,472
Additions	1,757,129
Disposals	(1,179,655)
Revaluations	148,198
At 30June 2021	3,814,144
Net book value
At 30June 2021	3,814,144
At 30June 2020	3,088,472

					2021	2020
					F
CF	Ruffer	Absolute	Return	CAcc		1,009,219
						1,009,219

2021	2020
	E
5,084	5,152

		2021	2020
			E
Due within one year
Trade debtors		24,155	27,078
Prepayments	and accrued income	16,162	20,630
		40,'317	47,708

Creditors: Amounts falling due	Creditors: Amounts falling due	Creditors: Amounts falling due	within one year
				2021	2020
					F
Trade creditors				16,834	20,396
Other taxation and		social security		3,454	3,598
Other creditors				43,566	44,269
				63,854	68,263
Deferred	income
				2021	2020
				R	F
Deferred	income at 1 July 2020			33,226	30,956
Resources deferred		during the year		31,567	33,226
Amounts	released	from previous	periods	(33,226)	(30,956)
Deferred	income at 30June 2021			31,567	33,226

						Balance at
	Balance at 1			Transfers	Gains/	30June
	July 2020	Income F	Expenditure F	in/out	(Losses) E	2021 F
Unrestricted
funds
Designated
funds
Cyclical Redecorations	192,000			48,000		240,000
General funds
General Fund	4,021,714	580,194	(536,830)	(36,002)	507,201	4,536,277
Friends of La
Providence	41,276	40				41,316
	4,062,990	580;234	(536,830)	(36,002)	507,201	4,577,593
Total
Unrestricted
funds	4,254,990	580,234	(536,830)	11,998	507,201	4,817,593
Endowment
funds
Endowment
Fund	611,437	3,772			54,379	669,588
Restricted
funds
Trust Fund
Capital	130,623			(8,954)	12,930	134,599
Trust Fund
Income	76,115	897	(500)	(3,044)		73,468
Betard Bequest	16,882					16,882
	223,620	897	(500)	(11.,998)	12,930	224,949
Total offunds	5090047	584»03	(537330)		574,510	5,712,130

Statement offun	ds - prior year
							Balance at
	Balance at			Transfers	Gains/		30June
	1 July 2019	Income	Expenditure	in/out	(Losses)		2020
		E		E	.	E	F
Unrestricted
funds
Designated
funds
Cyclical
Redecorations	144,000			48,000			192,000
General funds
General Fund	4,035,681	561,188	(434,651)	(92,504)			4,021,714
Friends of La
Providence	40,671	1,000	(395)				41,276
	4,076,352	562,188	(435,046)	(92,504)			4,062,990
Total
Unrestricted
funds	4,220,352		(435,046)	(44,504)			4,254,990
Endowment
funds
Endowment
Fund	581,111	6,767			23,559		611,437
Restricted
funds
Trust Fund
Capital	125,022				5,601		130,623
Trust Fund
Income	75,006	1,609	(500)				76,115
Betard Bequest	16,882						16,882
	216,910	1,609	(500)		5,601		223,620
Total offunds	5,018,373	8,376	(435,546)	(44,504)	29,160		5,090,047

Trust fund	income
			Balance at 30	Reinvested	Distributed	in		Balance at 30
			June 2020	income	year		Transfers out	June 2021
			f	F				E
Browning			691				(691)
Chabot legacy			50				(50)
Chabot monuments			4				(4)
Fontan eau			2,190				(2,190)
Mounier Outgift			109 73071	897	~580)		(109)	73488
			76,115	1,609	(500)		(3,044)	73,468
Summary	offunds
Summary	offunds	- current year
								Balance at
	Balance at 1				Transfers		Gains/	30June
		July 2020	Income	Expendituref	in/out		(Losses)	2021
Designated
funds		192,000			48,000			240,000
General funds		4,062,990	580,234	(536,830)	(36,002)		507,201	4,577,593
Endowment
funds		611,437	3,772				54,379	669,588
Restricted	funds	223,620	897	(500)	(11,998)		12,930	224,949
		5,090,047	584,903	(537,330)			574,510	5,712,130

Summary offund	s - prior year
						Balance at
	Balance at			Transfers	Gains/	30June
	1 July 2019	Income	Expenditure	in/out	(Losses)	2020
	E	E	E	E		E
Designated
funds	144,000			48,000		192,000
General funds	4,076,352	562,188	(435,046)	(92,504)		4,062,990
Endowment
funds	581,111	6,767			23,559	611,437
Restricted funds	216,910	1,609	(500)		5,601	223,620
	5,018,373	570,564	(435,546)	(44,504)	29,160	5,090,047

Analysis ofnet assets between fund	s -current year
	Endowment	Restricted	Unrestricted	Total
	funds	funds	funds	funds
	2021	2021	2021	2021
Tangible fixed assets			816,408	816,408
Fixed asset investments	669,588	134,599	3,009,957	3,814,144
Investment property			793,637	793,637
Current'assets		90,350	261,445	351,795
Creditors due within one year			(63,854)	(63,854)
Total	669,588	224,949	4,817,593	5,712,130

Analysis ofnet assets between funds	- prior year
	Endowment	Restricted	Unrestricted	Total
	funds	funds	funds	funds
	2020	2020	2020	2020
		E		E
Tangible fixed assets			868,982	868,982
Fixed asset investments	611,437	101,217	2,375,818	3,088,472
Investment property			793,637	793,637
Current assets		122,403	284,816	407,219
Creditors due within one year			(68,263)	(68,263)
	611,437	223,620	4,254,990	5,090,047

							2021	2020
								F
	Net income for the year (as per Statement			of Financial	Activities)		622,083	71,674
	Adjustments for:
	Depreciation charges						52,574	42,424
	Gains/(losses) on investments						(574,510)	63,344
	Dividends, interests and rents from investments						(207,294)	(205,237)
	Decrease in stocks						68.	99
	Decrease/(increase)	in debtors					7,391	(15,418)
	Increase/(decrease)	in creditors					(4,409)	13,987
	Net cash used in operating		activities				(104,097)	(29,127)
23.	Analysis of cash and cash		equivalents
							2021	2020
								E
	Cash in hand						306,394	354,359
	Total cash and cash equivalents						306,394	354,359
24.	Analysis ofchanges	in net	debt
						At 1July		At 30June
						2020	Cash flows	2021
								F
	Cash at bank and in	hand				354,359	(47,965)	306,394
						354,359	(47,965)	306,394