```
REGISTERED CHARITY NUMBER: 221428
```
## **`REPORT OF THE TRUSTEES AND`**
```
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
```
```
FOR
```
```
THE HOSPITAL OF WILLIAM BROWNE
```
```
THE HOSPITAL OF WILLIAM BROWNE
```
## **`CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022`**
|||**`Page`**||
|---|---|---|---|
|**`Report of the Trustees`**|`1`|`to`|`7`|
|**`Independent Examiner's Report`**||`8`||
|**`Statement of Financial Activities`**||`9`||
|**`Statement of Financial Position`**||`10`||
|**`Notes to the Financial Statements`**|`11`|`to`|`20`|
|**`Detailed Statement of Financial Activities`**|`21`|`to`|`22`|
```
THE HOSPITAL OF WILLIAM BROWNE
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022`**
```
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended31December2022.The trustees
have adopted the provisionsof Accountingand Reportingby Charities:Statementof RecommendedPracticeapplicableto charities
preparing their accountsin accordancewith the FinancialReportingStandard applicablein the UK and Republic of Ireland (FRS 102)
(effective 1 January 2019).
```
## **`OBJECTIVES AND ACTIVITIES`**
## **`Objectives and aims`**
```
Theaimofthecharityistoprovideshelteredalmshouseaccommodationforpersonsofgoodcharacterwhoareinconditions of
need, hardshipor distress.Theaim is achievedby running thirteenshelteredunits in an almshouse.Accommodationis provided in
the Hospital of William Browne, a historic grade II* listed building in Stamford, Lincolnshire.
```
```
ThehospitalwasfoundedbyWilliamBrowne,arichwoolmerchantofStamfordandbuiltin1475inthereignofEdwardIV. The
hospitalwas establishedas a home and house of prayerfor poor men and women of the time, and todayaccommodates residents
across its thirteen almshouses.
```
## **`Significant activities`**
## `Trustee meetings`
```
The trustees met formally four times during the year in which they reviewed all the operations of the hospital.
```
```
ItwaspleasingtoreportthatthemeetinginMarch2022washeldintheboardroomaswouldnormallyoccuralbeitwith social
distancing and masks if preferred.
```
## `Maintenance and utility charges`
```
Trusteeshad to makea difficultdecisionin termsof the reviewof the maintenanceand utilitycharges.With the unfortunate war
wagedbyRussiaonUkrainethishadprovedverycostlyintermsofutilitycostsandthecostofpartsandlabour.However the
charitycouldnotsustainitscurrentlevelofcosts.Withthisinminditwasagreedona£5increaseinmaintenancecosts, £3
increase in the gas charge and £1 for water; a total increase of £9 per week.
```
## `Review of booking charges`
```
Areviewoftherentalchargesoftheboardroomwerediscussed.Itwasapparentthatthefacilitiesintermsoftoiletand kitchen
wereinneedofsomeupdating,howeverfinancialconstraintswereeverapparent.FatherShawmentionedthatoneof his
congregationhadsuccessfullyappliedforfundingfortherefurbishmentoftheUnityCentreandwonderedifshewould help
Browne'swiththeirproject.TodatetheChairmanhadmetwiththefundraiserononeoccasionandtheprojectverymuchin its
infancy. If this could be achieved then there may be more scope to improve the use of the boardroom.
```
## `Royal death`
```
TheBoardofTrusteeswereverysaddenedtolearnofthedeathofQueenElizabethllon8September2022.The official
proclamationofherdeathwashostedandheldatBrowne'sHospital.Trusteeswereproudtobeabletoallowtheuseof the
balcony on this very historic day.
```
```
Page 1
```
```
THE HOSPITAL OF WILLIAM BROWNE
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022`**
## **`OBJECTIVES AND ACTIVITIES`**
## `Health and safety - fire alarms`
```
As part of the catch up in respect of health and safety facilities,the charityhad agreed the quote from Anglo IntegratedSystems for
theupgradeofthefirealarmsystems.Theinstallationfocusedontheresident'sflatswheresmokedetectorswerefitted. This
resolvedthe issue for some residentswho had been unableto hear the fire alarmsounder.Installationtookplacein April and had
proved very successful.
```
## `Warden's house`
```
ProblemswiththerenderingofthelightwellhadcauseddamppatchestoappearontheinternalwallsoftheWarden'shouse. It
hadbeennecessarytoremovealltheoldrenderandreplacewithnew.Gutterclearancewasalsonecessaryandthearea power
washed to clear all the pigeon detritus. It was anticipated that the lightwell would need to be power washed at least twice a year.
```
```
By the end of the year the tenants reportedthat the gullies to the front and side of the building had becomefull of moss and were
overflowingwhenitrained.Aspecialistcompanywereengagedtoclearallthegulliesandthiswillalsobepartofa regular
maintenance routine.
```
## `Website/virtual tour`
```
The websitecontinuesto workwell,a smallpaymentis made each yearto D Squaredfor the hosting.For informationthe website
address is www.browneshospital.co.uk
```
## `Toc H Room conversion`
```
The architect,Mr AnthonyDelaneyhad tendered his resignationin the previousyear from his positionas the architectto Browne's
Hospitalbuthadagreedtocontinueuntilmid-MarchtooverseethecompletionoftheTocHroomwhichhadbeenconverted to
createanewflat.Thisflatwouldbeusedtohouseanon-sitecustodiancaretakerwhowouldbeemployedtotakeover from
resident David Goodinsonwho had intended to retire from his voluntarypositionwhich he had held for 16 years. The trustees were
truly grateful to David for his dedication to the charity.
```
```
MrDelaneyinspectedthenewlyconvertedFlat12aftercontractorscompletedtheirworksandsubmittedasnagginglist. These
small areas of concern were rectified and signed off. Mr Delaney had then completed his last project for Browne's Hospital.
```
```
Page 2
```
```
THE HOSPITAL OF WILLIAM BROWNE
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022`**
## **`OBJECTIVES AND ACTIVITIES`**
## `Custodian/Caretaker`
```
Interviewsfor the positionof custodian/caretakerhad been held on 8 November2021. Six candidateshad been interviewedby the
Chairman,DrJohnMitchell,CuratorDavidWallingtonandViceChairman,MarkWalmsley.Thesuccessfulcandidatehad been
agreedby allthreeand arrangementshad been madeforhim to choosethe carpetsforhis new home.A verygenerous donation
to the charityhad been agreed by David Goodinsonwho offeredto pay for the white goods ie washing machine,cookerand fridge,
whichhad been gratefullyaccepted.Thecustodian/caretakermovedin to his new flat on 7 Februaryand commencedworka week
later.
```
```
TheChairman,Dr Mitchell,ViceChairman,MarkWalmsleyandTrusteeJohnSutcliffearrangeda six monthlyreviewmeeting with
thecustodian/caretakerforanopendiscussionastohowhethoughthewasmanaginghisduties.Sadlyitwasclearto the
custodian/caretakerthat his healthhad deterioratedsincetakingthis role and he decidedthat he wouldresign.This was sad news
ashewaswelllikedonsitebutthetrusteesunderstoodthereasonsforhisdecision.Heremainedintheflatwhilsthe sourced
alternative accommodation and moved out in mid-January 2023.
```
```
Thepositionwasagainadvertisedandfurtherinterviewswerearranged.Twocandidateswhohadpreviouslybeen interviewed
reappliedandafurtherapplicantapplied.TheinterviewswereheldinNovemberandthecandidatewaschosen.Hewould start
work in the New Year.
```
```
ThetrusteeswereverygratefultoDavidGoodinsonwhocontinuedtotakeoverthelessstrenuousdutiesandalsotoTrish Stone
forsecurityofthe sitein termsopeningandclosingthe frontdoorandputtingthe rubbishout.Theseprovedto be a difficult few
months and the trustees are very grateful to them for their help.
```
## `Museum`
```
TheTrusteeandCuratoroftheMuseumhadyetanothersuccessfulyearwelcomingvisitorstoBrowne'sHospitalfrom the
beginningofJunetotheendofSeptemberonSaturdaysfrom11.30am16.00pm.Currentlyallmoniesraisedfromthevisitors is
directed to the stained glass window project.
```
```
Mr Wallingtonalso reportedthat with the 550th anniversaryapproachingin three years time he was in discussionwith a colleague
about a new book on Browne's which he described as basically a rewritten history bringing the story up to the present.
```
## `Stained glass project`
```
Thestainedglasswindowprojectwasstillverymuchintheforefrontofthetrustees'minds.Greateffortshadbeenmadeby the
Curatorand the Chairmanto securefundingbut it soonbecameclearthatin theseeconomictimesthis projectwasnot attracting
the funding that the board were initially hoping for.
```
```
InSeptembertemplateswerebeingmadefortheChapel,AuditRoomandpassage.InOctobertoJanuarytheprotective glazing
was made and it was expectedthat by Februarythe originalstainedglass windowswouldbe removedto the studioto remove the
stained glass.
```
## `Roof repairs`
```
Workwas also needed to the roofof the Warden'sHouse.The lead flashingon the pinnacleto the rear of the buildingwas leaking
after some particularly heavy rain. Lead specialists were engaged to repair the roof whilst working from scaffolding.
```
## `Registration of assets`
```
TrusteePhilipRobson,aformersolicitorhadaskedoneofhisformercolleaguestooverseetheregistrationofthetwoparcels of
landat Eastonon the Hill.It wasnotedthatthe smallerparceloflandhadhadthe boundaryencroachedwhenthe ownerof the
adjoiningplothadregisteredhisland.Howeveritwasconsideredtheencroachmentwasminorandthisparcelofland should
registered as seen. Currently all the paperwork has been submitted to Land Registry and the trustees await the outcome.
```
## `Secondary glazing`
```
Secondaryglazingwas fitted in Flat 12 as the flat overlookedthe main road and provedvery noisyfor the tenant.This had proved
to be a successful addition.
```
```
Page 3
```
```
THE HOSPITAL OF WILLIAM BROWNE
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022`**
## **`OBJECTIVES AND ACTIVITIES`**
## `Architect and Flat 10`
```
A new architecthad been engagedin an ad-hoccapacityto overseethe refurbishmentof Flat 10. Plansforthe flatincluded taking
downan internalwallto createa largerkitchenand removalof someof the partitionwallingto makebetteruse of the bedroom
area.Threecontractorswereinvitedtotenderfortheworkbutonlyoneresponded.Workstartedinthesummerandit was
expectedthattheflatwouldbe readyforoccupationbytheend oftheyear.Thenewresidentwasnowhappyandsettledin her
new home.
```
## `Chimney cowls`
```
Problemshad been experiencedin the past with pigeons fallingdown the Audit Room chimneystack.This had caused quite a mess
in this room and chimney cowls were fitted to rectify the situation.
```
## `Chapel services`
```
Chapelservicesstillcontinuetobeheld.However,numbershavedroppedsignificantlyandareonlyconductedonthe first
Wednesday of the month. Father Shaw conducts the services and is keen to continue with this tradition.
```
## `Laundry room`
```
Trusteeswereconcernedwhentheyheardthata residenthad trippedand fallenin the laundryroomdue to an unevenfloor. She
wasquiteshakenbytheincidentandanambulancewascalled.Hospitalisationwasnotrequiredbutshecouldnotbe lefton her
own overnight.The building contractorswere consultedto see how this could be rectified.A levelling compoundwas applied to the
floor and then painted over. The floor is now safe for the residents to walk over.
```
## `Cloister roof and boundary wall`
```
On5August2022theClerkreceivedaphonecalltoreportthattheCloisterroofclosetoFlat1Ahadsuddenlymovedand had
sheared through one of the concretecorbels.After advisingthe Chairmanhe suggested that the Clerk contacta structural engineer
whocouldadvisewhatthepositionwasandwhatactionneededtobetaken.Itwasclearthatthiswasnotanareathat could
continueto be used forhealthand safetyreasons.On inspectingthe areathe structuralengineersuggestedthatacrowprops and
shoringwouldbeneededtoensurethatthewallandtheroofdidnotmoveanyfurtherandtodeterfurtherdamage.He also
suggested that the area should be barricaded to deter any use.
```
```
Contactwasmadetotheinsurancecompanywhodispatchedalossassessor.Hisinitialopinionwasthatthecurrent damage
resulted from a combinationof historiclateral movement to the boundary wall and more recent movement caused by the moisture
demandsofnearbyvegetation.Instructionswereissuedforaninvestigationcontractortoattendandcompleteatrialpit and
boreholenext to the boundarywall and a further set near flat 1A. To date one trial pit had been completedbut work to any further
excavationnear Flat 1A had been held up due the historicnature of the old flag stones and it is thought planning permissionmay be
requiredtothisGrade2*building.A scheduleoftheinvestigationprocessandliabilitydecisionhadbeenissuedbythe insurance
company but due to the aforementioned problems this was now running late.
```
```
No liability had been accepted by the insurance company and will not be until all excavation has been completed.
```
## `Summary`
```
Thisyearhadprovedtobeanotherchallengingyearforthetrustees.ThesubsidenceissuewiththeCloisterroofwasa shocking
and unexpected occurrence,however they were also grateful that no residents were injured. The refurbishmentof Flat 10 had gone
very well and a new resident appointed. The costs of the utilities and repairs and maintenance had further challenged the trustees.
```
```
The Chairmanof the Boardand trusteesworktirelesslyfor the benefitof the residentsand to ensure the futureof the hospital for
many years to come.
```
## **`Public benefit reporting`**
```
Whenreviewingthecharitiesobjectivesandactivitiesandinplanningfutureactivitiesthetrusteeshaveconsideredthe charity
commission's general guidance on public benefit.
```
```
Page 4
```
```
THE HOSPITAL OF WILLIAM BROWNE
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022`**
## **`OBJECTIVES AND ACTIVITIES`**
## **`Volunteers`**
```
Althoughvolunteersare not widelyused by the charity,withouttheir help over the yearsthe hospitalwouldnever have been able
to open to the public. The trustees also rely on the support and goodwill of a number of residents.
```
```
The maintenanceof the flowergardens had been taken over by Peter Burtonwho was instructedto make some radicalchanges to
thehedgesandtreesonsite.MrDavidGoodinsontookoversomeofthelessstrenuousdutiesuntila replacement
custodian/caretakercould be appointed.Mrs Waterfallcontinued to keep some areas of the site clean and tidy and had taken upon
herselftoregularlysanitizetheareastouchedonaregularbasisbyresidentsandcontractors.Trusteesweregratefulto Mr
Goodinson, Mrs Waterfall and Trish Stone for their voluntary contributions.
```
## `Museum`
```
Aswellasbeingatrustee,MrDavidWallingtonalsovolunteersasHonoraryCuratoroftheMuseumalongwithateam of
volunteers.
```
```
The trustees are gratefulfor the contributionsmade to the charityby all of their volunteersand thank all of the volunteersfor their
hard work during the year.
```
## `Residents`
```
Althoughno residentshad contractedCovid19 in the year 2021 there was a totalof three casesin the year 2022. Thankfully these
residents had all had their vaccinations and had only mild symptoms.
```
```
The trustees are also pleased to say that all of our residents have remained healthy throughoutthis period which is the goal for the
running of the almshouses.
```
## **`ACHIEVEMENT AND PERFORMANCE`**
## **`Charitable activities`**
```
The charity continues to provide sheltered accommodation through its thirteen almshouses.
```
## **`Fundraising activities`**
```
Thecharityderivesmostofitsincomefrominvestmentsandmaintenancechargestoalmshouseresidents.Italsoderives income
from pre-booked guided tours.
```
## **`Investment performance`**
```
Theinvestmentreviewhadprovedtobeverybeneficialtothehospital.ThereviewhadbeenheadedbytheChairman,Dr John
Mitchell,TrusteeJohn Sutclliffeand the Clerkto the Trustees.The funds were now fullydepositedwith Rathbonesin three named
funds,thesewereTheExtraordinaryRepairFund,LongTermReserveFundandTheCyclicalMaintenanceFund.Atthistime the
dividends had improved significantly on the year 2021.
```
## **`FINANCIAL REVIEW`**
## **`Principal funding sources`**
```
Thecharityreliesonthemaintenancechargesandincomefrombothpropertyandlistedinvestments.Thecharityhas benefited
fromsomesignificantdonationsandlegaciesinrecentyearswhichwillleavethecharityinastrongfinancialpositionfor the
foreseeable future.
```
## **`Investment policy and objectives`**
```
Thetrusteeshavethe powerto investin suchassetsas theythinkfit.Reportsarecirculatedthroughoutthe yearto keep trustees
informed of their progress.
```
```
Thecharityholdsits investmentswithRathbonesInvestmentBank.Thetrusteesunderstandthe bank'sapproachto ESG investing
and appreciate their responsible and pragmatic approach to ESG factors when investing charitable monies.
```
## **`Reserves policy`**
```
Thetrusteesareawarethattheyneedtomaintainunrestrictedfreereservesataleveltoprovidesufficientfundsto cover
operatingexpenditure.Thetrusteesconsiderthatthecharityshouldmaintainbetweenthreeandsixmonthsofunrestricted free
reserves. The current unrestricted free reserves are more than sufficient to comply with this policy.
```
```
Page 5
```
```
THE HOSPITAL OF WILLIAM BROWNE
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022`**
## **`FUTURE PLANS`**
## `Quinquennial Inspection`
```
In2023theQuinquennialInspectionwillbecarriedoutasperthefiveyearcycle.ThearchitectPeterSlinger,whois very
knowledgeable in this area, will complete the inspection.
```
## `Outside toilets`
```
Itis alsoanambitionofthetrusteesthattherefurbishmentoftheoutsidetoiletsandthekitchenwillbe completedafter funding
has been secured.Thiswasin the earlystagesof 2023.As previouslyreported,it is hopedthat this willmakeBrowne'sHospital a
more desirable venue for bookings and yield some much needed additional income.
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document`**
```
The charityis governedin accordancewith a scheme of the charitycommissionersfor Englandand Wales dated 11 March 1964, as
varied by a scheme dated 15 November 1982, and as further varied by a scheme dated 29 February 1996.
```
## **`Recruitment and appointment of new trustees and members`**
```
Ex-officio trustees are appointed by virtue of the office they hold.
```
```
Nominated trustees are appointed by Stamford Town Council.
```
```
Co-optative trustees are appointed by existing trustees on such terms as they may agree from time to time.
```
## `Appointment of new trustee`
```
The trusteeswere pleased to welcomeThe Mayorof Stamford,CouncillorDavid Taylorto the Boardof Trustees.Unfortunately he
was unable to attend any of the meetings during this financial year.
```
## **`Organisational structure`**
```
Thetrusteesmeetregularlytomakedecisionsrelatingtothecharity.Alltrusteesgivetheirtimefreelyandnoremuneration or
expenses were paid. The day-to-day running of the charity is delegated to the clerk.
```
## **`Induction and training of new trustees`**
```
The training and induction for new trustees will depend on their existing experience.
```
## **`Risk management`**
```
The trusteeshavea dutyto identifyand reviewthe risksto whichthe charityis exposedand to ensureappropriatecontrolsare in
placeto providereasonableassuranceagainstfraud and error.The trusteescontinueto monitorand reviewthe risks and instigate
controls as exercise appropriate.
```
## **`REFERENCE AND ADMINISTRATIVE DETAILS`**
## **`Registered Charity number`**
```
221428
```
## **`Principal address`**
```
Mrs Carol Garwell
19 Downing Crescent
Stamford
Lincolnshire
PE9 1JD
```
## **`Trustees`**
```
Mrs M Rock
Cllr J Dawson
Dr J Mitchell
D Wallington
M P K Walmsley
A Croft
P Robson
Councillor G Johnson Mayor of Stamford
Father N Shaw Vicar
J Sutcliffe
```
```
Page 6
```
```
THE HOSPITAL OF WILLIAM BROWNE
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022`**
## **`REFERENCE AND ADMINISTRATIVE DETAILS`**
## **`Independent Examiner`**
```
Mark Hindmarch BSc ACA
Duncan & Toplis Limited
14 All Saints Street
Stamford
Lincolnshire
PE9 2PA
```
## **`STATEMENT OF TRUSTEES' RESPONSIBILITIES`**
```
ThetrusteesareresponsibleforpreparingtheReportoftheTrusteesandthefinancialstatementsinaccordancewith applicable
law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
```
```
The lawapplicableto charitiesin Englandand Wales,the CharitiesAct 2011,Charity(Accountsand Reports)Regulations2008 and
the provisionsof the trustdeed requiresthe trusteesto preparefinancialstatementsforeachfinancialyearwhichgivea true and
fair view of the state of affairsof the charityand of the incomingresourcesand applicationof resources,includingthe income and
expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
```
- `select suitable accounting policies and then apply them consistently;`
- `observe the methods and principles in the Charity SORP;`
- `make judgements and estimates that are reasonable and prudent;`
- `prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.`
```
Thetrusteesareresponsibleforkeepingproperaccountingrecordswhichdisclosewithreasonableaccuracyatanytime the
financialpositionof the charityand to enable them to ensure that the financialstatementscomplywith the CharitiesAct 2011, the
Charity(AccountsandReports)Regulations2008andtheprovisionsofthetrustdeed.Theyarealsoresponsiblefor safeguarding
the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
```
```
Approved by order of the board of trustees on 15 August 2023 and signed on its behalf by:
```
```
Dr J Mitchell - Trustee
```
```
Page 7
```
## **`INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE HOSPITAL OF WILLIAM BROWNE`**
## **`Independent examiner's report to the trustees of The Hospital of William Browne`**
```
I report to the charitytrustees on my examinationof the accountsof The Hospitalof William Browne (the Trust) for the year ended
31 December 2022.
```
## **`Responsibilities and basis of report`**
```
As the charitytrusteesof the Trust you are responsiblefor the preparationof the accountsin accordancewith the requirements of
the Charities Act 2011 ('the Act').
```
```
IreportinrespectofmyexaminationoftheTrust'saccountscarriedoutunderSection145oftheActandincarryingout my
examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
```
## **`Independent examiner's statement`**
```
Ihavecompletedmyexamination.Iconfirmthatnomaterialmattershavecometomyattentioninconnectionwith the
examination giving me cause to believe that in any material respect:
```
`1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or`
`2. the accounts do not accord with those records; or`
`3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.`
```
I have no concernsand have come across no other matters in connectionwith the examinationto which attentionshould be drawn
in this report in order to enable a proper understanding of the accounts to be reached.
```
```
Mark Hindmarch BSc ACA
```
```
Duncan & Toplis Limited
14 All Saints Street
Stamford
Lincolnshire
PE9 2PA
```
```
15 August 2023
```
```
Page 8
```
```
THE HOSPITAL OF WILLIAM BROWNE
```
## **`STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022`**
|`Notes`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`2`
**`Charitable activities`**
`4`
`Almshouses`
`Museum`
`Investment income`
`3`
**`Total`**
**`EXPENDITURE ON`**
**`Charitable activities`**
`5`
`Almshouses`
`Museum`
`Other`
**`Total`**
`Net gains/(losses) on investments`
**`NET INCOME/(EXPENDITURE)`**
**`Transfers between funds`**
`16`
**`Net movement in funds`**
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
**`TOTAL FUNDS CARRIED FORWARD`**|`Unrestricted`
`funds`
`£`
`6,263`
`52,198`
`1,035`
`48,092`
`107,588`
`63,234`
`55`
`30,566`
`93,855`
`(103,168)`
`(89,435)`
`11,857`
`(77,578)`
`3,245,435`
`3,167,857`|`Restricted`
`fund`
`£`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`(11,857)`
`(11,857)`
`11,857`
`-`|`2022`
`Total`
`funds`
`£`
`6,263`
`52,198`
`1,035`
`48,092`
`107,588`
`63,234`
`55`
`30,566`
`93,855`
`(103,168)`
`(89,435)`
`-`
`(89,435)`
`3,257,292`
`3,167,857`|`2021`
`Total`
`funds`
`£`
`15,930`
`46,680`
`768`
`19,386`|
|---|---|---|---|---|
|||||`82,764`|
|||||`53,870`
`-`
`43,761`|
|||||`97,631`|
|||||`264,228`|
|||||`249,361`
`-`|
|||||`249,361`
`3,007,931`|
|||||`3,257,292`|
```
The notes form part of these financial statements
```
```
Page 9
```
```
THE HOSPITAL OF WILLIAM BROWNE
```
## **`STATEMENT OF FINANCIAL POSITION 31 DECEMBER 2022`**
|`Notes`
**`FIXED ASSETS`**
`Heritage assets`
`9`
**`Investments`**
`Investments`
`10`
`Investment property`
`11`
**`CURRENT ASSETS`**
`Debtors`
`12`
`Cash at bank`
**`CREDITORS`**
`Amounts falling due within one year`
`13`
**`NET CURRENT ASSETS`**
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
**`NET ASSETS`**
**`FUNDS`**
`16`
`Unrestricted funds`
`Restricted funds`
**`TOTAL FUNDS`**|`2022`
`£`
`495,839`
`2,075,139`
`450,000`
`3,020,978`
`8,907`
`150,278`
`159,185`
`(12,306)`
`146,879`
`3,167,857`
`3,167,857`
`3,167,857`
`-`
`3,167,857`|`2021`
`£`
`451,649`
`2,245,798`
`450,000`
`3,147,447`
`7,932`
`108,808`
`116,740`
`(6,895)`
`109,845`
`3,257,292`
`3,257,292`
`3,245,435`
`11,857`
`3,257,292`|
|---|---|---|
```
The financialstatementswereapprovedby the Boardof Trusteesand authorisedforissueon 15 August2023 and weresigned on
its behalf by:
```
```
J Mitchell - Trustee
```
```
The notes form part of these financial statements
```
```
Page 10
```
```
THE HOSPITAL OF WILLIAM BROWNE
```
## **`NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022`**
## **`1. ACCOUNTING POLICIES`**
## **`Basis of accounting`**
```
Thefinancialstatementsofthecharity,whichis a publicbenefitentityunderFRS102,havebeenpreparedin accordance
with the CharitiesSORP(FRS 102) 'Accountingand Reportingby Charities:Statementof RecommendedPractice applicable
to charitiespreparingtheir accountsin accordancewith the FinancialReportingStandardapplicablein the UK and Republic
ofIreland(FRS102)(effective1January2019)',FinancialReportingStandard102'TheFinancialReporting Standard
applicableintheUKandRepublicofIreland'andtheCharitiesAct2011.Thefinancialstatementshavebeen prepared
under the historicalcost convention,with the exceptionof investmentswhich are includedat market value,as modified by
the revaluation of certain assets.
```
```
The presentation currency of the financial statements is the pound sterling (£).
```
## **`Income`**
```
All income is recognisedin the Statementof FinancialActivitiesonce the charityhas entitlementto the funds, it is probable
that the income will be received and the amount can be measured reliably.
```
## **`Expenditure`**
```
Liabilitiesare recognisedas expenditureas soon as there is a legal or constructiveobligationcommittingthe charityto that
expenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlementandtheamountof the
obligationcanbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisandhasbeenclassified under
headingsthataggregateallcostrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticular headings
they have been allocated to activities on a basis consistent with the use of resources.
```
## **`Allocation and apportionment of costs`**
```
Supportservicecostsareallocatedtothecostsofgeneratingfunds,charitableactivitiesandgovernanceonthebasis of
time spent by the support service.
```
## **`Heritage assets`**
```
Thefreeholdproperty,notheldforinvestmentpurposes,comprisestheChapel,Cloisters,MedievalBoardroom and
Almshouses.Thesebuildingscontainmanyoriginalfeaturesandanumberofhistoricalartefacts.Thetrusteeshave given
carefulconsiderationtotherequirementunderaccountingstandardstoincludethefreeholdproperty,notheld for
investment purposes, and its historical artefacts in the financial statements at valuation.
```
```
A professionalvaluationofthe freeholdpropertywasundertakenon 9 April2009by RichardOakleyARICS.This valuation
wasreviewedby PaulJohnsonFNAEAwhoconcludedthatas at February2010the valuehadnotsignificantlychanged. In
the opinionof the trusteesthe marketvalueof the freeholdpropertyat 31 December2022 wasnot significantly different
fromthisvaluation.Thevaluationof£400,000thereforeremainstheoneusedfortheseaccounts,inadditionto capital
expenditure incurred for the conversion of the Toch 'H' room into a flat.
```
```
However,the natureof the propertymeansconventionalvaluationapproacheslackreliabilityand this valuationis subject
to a high degree of uncertainty for several reasons:
```
```
- There is no open market for properties of this type.
```
```
- The propertyis fundamentalto the existenceof the charityand the trusteeswouldneversellthe property. Accordingly
any valuation based on annual rental / maintenance income is not wholly relevant.
```
```
- ThegradeII*listedstatusofthepropertymeansanybuyerwouldbe undertakinga majorcommitmenttomaintain the
property in good repair and any purchase price would reflect that commitment and therefore be relatively low as a result.
```
```
Theoriginalhistoricalartefactshavenotbeenincludedatvaluationasitwouldbeundulycostlytoundertakesuch an
exercise.Includedinthesehistoricalartefactsareitemsofantiquefurniturewhichthetrusteesareprohibited from
disposingof.Thusasabovethenatureofthehistoricalartefactsmeansconventionalvaluationapproacheslack reliability
and any valuationwould be subject to a high degree of uncertainty.Any historicalartefactssubsequentlypurchasedby the
charity are included at cost, or valuation in the case of donated items.
```
## **`Preservation costs - facilities modernisation, repairs, conversion and restoration`**
```
The hospitalhas a rollingprogrammeof maintenanceand modernisationof accommodationfacilitiesfor its occupants and
accordingly the property is maintained in good order.
```
```
continued...
```
```
Page 11
```
```
THE HOSPITAL OF WILLIAM BROWNE
```
```
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022
```
## **`1. ACCOUNTING POLICIES - continued`**
## **`Heritage assets`**
```
Expenditurewhich,inthetrusteesview,isrequiredtopreserveorpreventfurtherdeteriorationofindividual items,
includingpreservationworkon the Hospital,is recognisedas an expensein the Statementof FinancialActivitieswhen it is
incurred, in accordance with the accounting policy set out on page 11 of these financial statements.
```
```
For the abovereasons,the propertyis consideredto have an indeterminatelife and depreciationis not therefore provided
on the property.
```
## **`Investment property`**
```
Investmentpropertyisshownatitsmostrecentvaluation.Anyaggregatesurplusordeficitarisingfromchangesin fair
value is recognised in the Statement of Financial Activities.
```
## **`Financial instruments`**
```
The charity has chosen to adopt the Sections 11 and 12 of FRS 102 in respect of financial instruments.
```
```
Basicfinancialassets,includingtradeand otherdebtorsand cashand bankbalancesare initiallyrecognisedat transaction
price,unlessthe arrangementconstitutesa financingtransaction,wherethe transactionis measuredat the present value
of the future receipts discounted at a market rate of interest.
```
```
Attheendofeachreportingperiodfinancialassetsmeasuredatamortisedcostareassessedforobjectiveevidence of
impairment.Ifanassetisimpairedtheimpairmentlossisthedifferencebetweenthecarryingamountandthe present
valueoftheestimatedcashflowsdiscountedattheasset'soriginaleffectiveinterestrate.Theimpairmentloss is
recognised in profit or loss.
```
```
Otherfinancialassets,includinginvestmentsin equityinstrumentswhichare not subsidiaries,associatesor joint ventures,
are initially measured at fair value, which is normally the transaction price.
```
```
Suchassetsaresubsequentlycarriedatfairvalueandthechangesinfairvaluearerecognisedintheincome statement,
exceptthatinvestmentsinequityinstrumentsthatarenotpublicallytradedandwhosefairvaluescannotbe measured
reliably are measured at cost less impairment.
```
```
Financialassetsarederecognisedwhen(a)the contractualrightsto the cashflowsfromthe assetexpireor are settled, or
(b) substantiallyall the risks and rewards of the ownershipof the asset are transferredto another party or (c) controlof the
assethas been transferredto anotherpartywhohas the practicalabilityto unilaterallysell the assetto an unrelated third
party without imposing additional restrictions.
```
```
Basicfinancialliabilities,includingtradeandothercreditorsareinitiallyrecognisedattransactionprice,unless the
arrangementconstitutesa financingtransaction,where the debt instrumentis measuredat the present value of the future
receipts discounted at a market rate of interest.
```
```
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
```
```
Trade creditorsare obligationsto pay for goods or services that have been acquired in the ordinarycourse of business from
suppliers.Accountspayableareclassifiedascurrentliabilitiesifpaymentisduewithinoneyearorless.Ifnot,they are
presented as non-currentliabilities.Trade creditorsare recognisedinitiallyat transactionprice and subsequently measured
at amortised cost using the effective interest method.
```
## **`Taxation`**
```
The charity is exempt from tax on its charitable activities.
```
## **`Fund accounting`**
```
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
```
```
Designated funds are funds set aside by the trustees out of unrestricted funds for specific future purposes or projects.
```
```
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity.Restrictions arise
when specified by the donor or when funds are raised for particular restricted purposes.
```
```
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
```
```
continued...
```
```
Page 12
```
```
THE HOSPITAL OF WILLIAM BROWNE
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022`**
## **`1. ACCOUNTING POLICIES - continued`**
## **`Hire purchase and leasing commitments`**
```
RentalspaidunderoperatingleasesarechargedtotheStatementofFinancialActivitiesonastraightlinebasisover the
period of the lease.
```
## **`Financial instruments`**
```
Thecharityoperatesadefinedcontributionpensionscheme.Contributionspayabletothecharity'spensionscheme are
charged to the Statement of Financial Activities in the period to which they relate.
```
## **`Debtors`**
```
Debtors are measured at their recoverable amount.
```
## **`Creditors`**
```
Creditorsaremeasuredattheirsettlementamountorinthecaseofprovisionforliabilitiesthebestestimateof their
settlement amount.
```
## **`Listed investments`**
```
Fixed asset investments represent long term investments and are stated at fair value.
```
## **`Critical accounting judgements and estimation uncertainty`**
```
Intheapplicationofthecharity'saccountingpolicies,managementisrequiredtomakejudgements,estimates and
assumptionsaboutthecarryingvalueofassetsandliabilitiesthatarenotreadilyapparentfromothersources. The
estimatesandunderlyingassumptionsarebasedonhistoricalexperienceandotherfactorsthatareconsideredto be
relevant. Actual results may differ from these estimates.
```
```
Theestimatesandunderlyingassumptionsarereviewedonanongoingbasis.Revisionstoaccountingestimates are
recognisedintheperiodinwhichtheestimateisrevisediftherevisionaffectsonlythatperiod,orintheperiodof the
revision and future periods if the revision affects both current and future periods.
```
```
Thekeysourcesofestimationuncertaintythathaveasignificanteffectontheamountsrecognisedinthe financial
statements are described below.
```
## **`Government grants`**
```
Governmentgrantsarerecognisedwhenthereis reasonableassurancethatthegrantwillbe receivedandany conditions
attachedwillbecompliedwith.Grantsarerecognisedasincomeovertheperiodnecessarytomatchthemwith related
costs or lost income, for which they are intended to compensate, on a systematic basis.
```
## **`2. DONATIONS AND LEGACIES`**
|`Donations`
`Grants`|`2022`
`£`
`3,013`
`3,250`
`6,263`|`2021`
`£`
`930`
`15,000`|
|---|---|---|
|||`15,930`|
```
Grants relate to the stained glass window.
```
```
continued...
```
```
Page 13
```
```
THE HOSPITAL OF WILLIAM BROWNE
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022`**
## **`3. INVESTMENT INCOME`**
|**`INVESTMENT INCOME`**||||||
|---|---|---|---|---|---|
|||||`2022`|`2021`|
|||||`£`|`£`|
|`Rents received from wardens house`||||`19,307`|`8,500`|
|`Rent and room hire`||||`2,195`|`1,908`|
|`Dividends on listed investment`||||`26,586`|`8,975`|
|`Deposit account interest`||||`4`|`3`|
|||||`48,092`|`19,386`|
|**`INCOME FROM CHARITABLE ACTIVITIES`**||||||
|||||`2022`|`2021`|
|||||`Total`|`Total`|
||`Almshouses`||`Museum`|`activities`|`activities`|
||`£`||`£`|`£`|`£`|
|`Maintenance charges to almshouse residents`|`52,198`||`-`|`52,198`|`46,680`|
|`Entrance fees to museum`||`-`|`1,035`|`1,035`|`768`|
||`52,198`||`1,035`|`53,233`|`47,448`|
|**`CHARITABLE ACTIVITIES COSTS`**||||||
|||||`Support`||
||||`Direct`|`costs (see`||
||||`Costs`|`note 6)`|`Totals`|
||||`£`|`£`|`£`|
|`Almshouses`||||||
||||`7,247`|`55,987`|`63,234`|
|`Museum`|||`-`|`55`|`55`|
||||`7,247`|`56,042`|`63,289`|
|**`SUPPORT COSTS`**||||||
|||||`Governance`||
||||`Other`|`costs`|`Totals`|
||||`£`|`£`|`£`|
|`Other resources expended`|||`19,670`|`10,306`|`29,976`|
|`Almshouses`||||||
||||`55,987`|`-`|`55,987`|
|`Museum`|||`55`|`-`|`55`|
||||`75,712`|`10,306`|`86,018`|
## **`4. INCOME FROM CHARITABLE ACTIVITIES`**
## **`5. CHARITABLE ACTIVITIES COSTS`**
## **`6. SUPPORT COSTS`**
```
continued...
```
```
Page 14
```
```
THE HOSPITAL OF WILLIAM BROWNE
```
```
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022
```
## **`7. TRUSTEES' REMUNERATION AND BENEFITS`**
```
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31December2022norfortheyear ended
31 December 2021.
```
## **`Trustees' expenses`**
```
There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.
```
## **`8. STAFF COSTS`**
```
The average monthly number of employees during the year was as follows:
```
|`Administration`
`Caretaker`|`2022`
`1`
`1`
`2`|`2021`
`1`
`-`|
|---|---|---|
|||`1`|
```
No employees received emoluments in excess of £60,000.
```
## **`9. HERITAGE ASSETS`**
|**`MARKET VALUE`**
`At 1 January 2022`
`Additions`
`At 31 December 2022`
**`NET BOOK VALUE`**
`At 31 December 2022`
`At 31 December 2021`|`Total`
`£`
`451,649`
`44,190`|
|---|---|
||`495,839`|
||`495,839`|
||`451,649`|
```
Heritageassetsaredefinedastangiblepropertywithhistoricalandartisticimportancethatareheldto advance
preservation,conservationandtheeducationalobjectivesofthecharity.Thetrusteesconsideritsfreeholdproperty, not
held for investmentpurposes being the Chapel, Cloisters,Medieval Boardroomand Almshouses,and its historical artefacts,
held for preservation to fall within this definition.
```
```
A professionalvaluationof the freeholdpropertywasundertakenon 9 April2009 by RichardOakleyARICS.In the opinion
of the trusteesthe marketvalueat 31 December2022 wasnot significantlydifferentfromthis valuation.The valuation of
£400,000thereforeremains the one used for these accounts,in additionto capitalexpenditureincurredfor the conversion
of the Toc 'H' room into a flat.
```
```
Thecharityalsoownsanumberofhistoricalartefacts,giftedtothecharitybyWilliamBrownein1475.Includedin these
historicalartefactsare itemsof antiquefurniture.The trusteesare requiredby trustlawto retaintheseassets indefinitely
and they are effectively prohibited from disposing of them.
```
```
Giventhe natureof thefurnitureand the restrictionsand intentionsregardingits salethe trusteesfeelit is impractical to
placea marketvalueon it by applyingconventionalvaluationtechniques.The insurancevalueof the furnitureis £182,412
(2021 - £182,412).
```
```
continued...
```
```
Page 15
```
```
THE HOSPITAL OF WILLIAM BROWNE
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022`**
## **`10. FIXED ASSET INVESTMENTS`**
## **`11.`**
|**`MARKET VALUE`**
`At 1 January 2022`
`Additions`
`Disposals`
`Revaluations`
`At 31 December 2022`
**`NET BOOK VALUE`**
`At 31 December 2022`
`At 31 December 2021`
`There were no investment assets outside the UK.`
`Cost or valuation at 31 December 2022 is represented by:`
`Valuation in 2022`
**`INVESTMENT PROPERTY`**
**`FAIR VALUE`**
`At 1 January 2022`
`and 31 December 2022`
**`NET BOOK VALUE`**
`At 31 December 2022`
`At 31 December 2021`|`Listed`
`investments`
`£`
`2,245,798`
`2,214,982`
`(2,282,473)`
`(103,168)`
`2,075,139`
`2,075,139`
`2,245,798`
`Listed`
`investments`
`£`
`2,075,139`
`£`
`450,000`
`450,000`
`450,000`|
|---|---|
|||
```
Included in investment property is freehold land valued at £150,000 (2021 - £150,000).
```
```
The investmentpropertycomprisesthe WardensHouseand 19.96acresof land at Eastonon the Hilland wasrevalued by
RichardsonCharteredSurveyorsin2018.Thetrusteesusedmarketbasedevidenceandrentalyieldsinthelocalarea to
establishthefairvalueoftheinvestmentproperty.Intheopinionofthetrusteesthemarketvalueofthe investment
property at 31 December 2022 is not significantly different from this valuation.
```
## **`12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
|**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**|||
|---|---|---|
||`2022`|`2021`|
||`£`|`£`|
|`Other debtors and prepayments`|`8,907`|`7,932`|
```
continued...
```
```
Page 16
```
```
THE HOSPITAL OF WILLIAM BROWNE
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022`**
## **`13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
|**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**|||
|---|---|---|
|`Trade creditors`
`Taxation and social security`
`Other creditors`|`2022`
`£`
`8,890`
`83`
`3,333`
`12,306`|`2021`
`£`
`2,381`
`-`
`4,514`|
|||`6,895`|
## **`14. LEASING AGREEMENTS`**
```
Lease payments receivable by the charity under operating leases on its investment property are due as follows:
```
|||||`2022`||`2021`|
|---|---|---|---|---|---|---|
|||||`£`||`£`|
|`Within one year`||||`18,000`||`17,250`|
|`Between one and five years`||||`72,000`||`72,000`|
|`In more than five years`||||`63,540`||`81,540`|
||||||||
|||||`153,540`||`170,790`|
||||||||
|**`ANALYSIS OF NET ASSETS BETWEEN FUNDS`**
`Fixed assets`
`Investments`
`Current assets`
`Current liabilities`
**`MOVEMENT IN FUNDS`**
**`Unrestricted funds`**
`Main fund`
`Cyclical repair fund`
`Extraordinary repair fund`
**`Restricted funds`**
`Chapel fund`
**`TOTAL FUNDS`**|`Unrestricted`
`funds`
`£`
`495,839`
`2,525,139`
`159,185`
`(12,306)`
`3,167,857`
`At 1.1.22`
`£`
`2,963,729`
`4,119`
`277,587`
`3,245,435`
`11,857`
`3,257,292`|`Restricted`
`fund`
`£`
`-`
`-`
`-`
`-`
`-`
`Net`
`movement`
`in funds`
`£`
`(21,257)`
`(15,463)`
`(52,715)`
`(89,435)`
`-`
`(89,435)`||`2022`
`Total`
`funds`
`£`
`495,839`
`2,525,139`
`159,185`
`(12,306)`
`3,167,857`
`Transfers`
`between`
`funds`
`£`
`(234,890)`
`243,451`
`3,296`
`11,857`
`(11,857)`
`-`||`2021`
`Total`
`funds`
`£`
`451,649`
`2,695,798`
`116,740`
`(6,895)`
`3,257,292`
`At`
`31.12.22`
`£`
`2,707,582`
`232,107`
`228,168`
`3,167,857`
`-`
`3,167,857`|
||||||||
||||||||
||||||||
||||||||
## **`15. ANALYSIS OF NET ASSETS BETWEEN FUNDS`**
## **`16. MOVEMENT IN FUNDS`**
```
continued...
```
```
Page 17
```
```
THE HOSPITAL OF WILLIAM BROWNE
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022`**
## **`16. MOVEMENT IN FUNDS - continued`**
```
Net movement in funds, included in the above are as follows:
```
|**`Unrestricted funds`**
`Main fund`
`Cyclical repair fund`
`Extraordinary repair fund`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`107,588`
`-`
`-`
`107,588`
`107,588`|`Resources`
`expended`
`£`
`(93,855)`
`-`
`-`
`(93,855)`
`(93,855)`|`Gains and`
`Movement`
`losses`
`in funds`
`£`
`£`
`(34,990)`
`(21,257)`
`(15,463)`
`(15,463)`
`(52,715)`
`(52,715)`
`(103,168)`
`(89,435)`
`(103,168)`
`(89,435)`|`Gains and`
`Movement`
`losses`
`in funds`
`£`
`£`
`(34,990)`
`(21,257)`
`(15,463)`
`(15,463)`
`(52,715)`
`(52,715)`
`(103,168)`
`(89,435)`
`(103,168)`
`(89,435)`|
|---|---|---|---|---|
|||||`(89,435)`|
|||||`(89,435)`|
## **`Comparatives for movement in funds`**
|**`Unrestricted funds`**
`Main fund`
`Cyclical repair fund`
`Extraordinary repair fund`
**`Restricted funds`**
`Chapel fund`
**`TOTAL FUNDS`**|`At 1.1.21`
`£`
`2,749,765`
`4,119`
`242,481`
`2,996,365`
`11,566`
`3,007,931`|`Net`
`movement`
`in funds`
`£`
`213,964`
`-`
`35,106`
`249,070`
`291`
`249,361`|`At`
`31.12.21`
`£`
`2,963,729`
`4,119`
`277,587`|
|---|---|---|---|
||||`3,245,435`
`11,857`|
||||`3,257,292`|
```
Comparative net movement in funds, included in the above are as follows:
```
|**`Unrestricted funds`**
`Main fund`
`Extraordinary repair fund`
**`Restricted funds`**
`Chapel fund`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`82,473`
`-`
`82,473`
`291`
`82,764`|`Resources`
`expended`
`£`
`(97,631)`
`-`
`(97,631)`
`-`
`(97,631)`|`Gains and`
`Movement`
`losses`
`in funds`
`£`
`£`
`229,122`
`213,964`
`35,106`
`35,106`
`264,228`
`249,070`
`-`
`291`
`264,228`
`249,361`|`Gains and`
`Movement`
`losses`
`in funds`
`£`
`£`
`229,122`
`213,964`
`35,106`
`35,106`
`264,228`
`249,070`
`-`
`291`
`264,228`
`249,361`|
|---|---|---|---|---|
|||||`249,070`
`291`|
|||||`249,361`|
```
continued...
```
```
Page 18
```
```
THE HOSPITAL OF WILLIAM BROWNE
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022`**
## **`16. MOVEMENT IN FUNDS - continued`**
```
A current year 12 months and prior year 12 months combined position is as follows:
```
|**`Unrestricted funds`**
`Main fund`
`Cyclical repair fund`
`Extraordinary repair fund`
**`Restricted funds`**
`Chapel fund`
**`TOTAL FUNDS`**|`At 1.1.21`
`£`
`2,749,765`
`4,119`
`242,481`
`2,996,365`
`11,566`
`3,007,931`|`Net`
`movement`
`in funds`
`£`
`192,707`
`(15,463)`
`(17,609)`
`159,635`
`291`
`159,926`|`Transfers`
`between`
`funds`
`£`
`(234,890)`
`243,451`
`3,296`
`11,857`
`(11,857)`
`-`|`At`
`31.12.22`
`£`
`2,707,582`
`232,107`
`228,168`|
|---|---|---|---|---|
|||||`3,167,857`
`-`|
|||||`3,167,857`|
```
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
```
|**`Unrestricted funds`**
`Main fund`
`Cyclical repair fund`
`Extraordinary repair fund`
**`Restricted funds`**
`Chapel fund`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`190,061`
`-`
`-`
`190,061`
`291`
`190,352`|`Resources`
`expended`
`£`
`(191,486)`
`-`
`-`
`(191,486)`
`-`
`(191,486)`|`Gains and`
`Movement`
`losses`
`in funds`
`£`
`£`
`194,132`
`192,707`
`(15,463)`
`(15,463)`
`(17,609)`
`(17,609)`
`161,060`
`159,635`
`-`
`291`
`161,060`
`159,926`|`Gains and`
`Movement`
`losses`
`in funds`
`£`
`£`
`194,132`
`192,707`
`(15,463)`
`(15,463)`
`(17,609)`
`(17,609)`
`161,060`
`159,635`
`-`
`291`
`161,060`
`159,926`|
|---|---|---|---|---|
|||||`159,635`
`291`|
|||||`159,926`|
```
All reserves in the main fund are classified as unrestricted.
```
```
All reservesin the cyclicalrepairfund are classifiedas unrestrictedbut designatedby the trusteesto providefor long-term
maintenance of the charity's properties.
```
```
All reservesin the extraordinaryrepairfund are classifiedas unrestrictedbut are designatedby the trusteesto provide for
extraordinary repairs.
```
```
All reserves in the chapel fund are classified as restricted and for the ongoing maintenance of the chapel and its fittings.
```
```
continued...
```
```
Page 19
```
```
THE HOSPITAL OF WILLIAM BROWNE
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022`**
## **`17. RELATED PARTY DISCLOSURES`**
```
There were no related party transactions for the year ended 31 December 2022 or 31 December 2021.
```
## **`18. ULTIMATE CONTROLLING PARTY`**
```
The charity is controlled by the board of trustees.
```
## **`19. FINANCIAL INSTRUMENTS`**
```
The charity has the following financial instruments:
```
||`2022`|`2021`|
|---|---|---|
||`£`|`£`|
|**`Financial assets at fair value through the statement of financial activities`**|||
|`Listed investments`|`2,075,139`|`2,245,798`|
|**`Financial liabilities measured at amortised cost`**|||
|`Trade creditors`|`8,890`|`2,381`|
```
The income, expenses, net gains and net losses attributable the charity's financial instruments are summarised as follows:
```
|`Income and expense`|`2022`|`2021`|
|---|---|---|
||`£`|`£`|
|`Financial assets measured at fair value through the statement of financial activities`|`26,586`|`8,975`|
|`Net gains and losses`|||
|`Financial assets measured at fair value through the statement of financial activities`|`(103,168)`|`264,228`|
```
Thetotalinterestincomeandinterestexpenseforfinancialassetsandfinancialliabilitiesthatarenotmeasuredat fair
value through the statement of financial activities was £4 (2021 - £3) and £nil (2021 - £nil) respectively.
```
## **`Listed investments`**
```
Thecharityhasanumberoflistedinvestments.Thevaluationsarebasedonrecenttransactionsandaredetermined by
the investment manager being Rathbones.
```
## **`20. INDEPENDENT EXAMINER'S FEE`**
```
Theindependentexaminationfee chargedforthe yearwas£1,500(2021: £1,500).Otherservicesprovidedto the charity
by the independent examiner related to accounts preparation services for which £2,952 (2021: £2,580) was charged.
```
```
Page 20
```
```
THE HOSPITAL OF WILLIAM BROWNE
```
## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022`**
|**`INCOME AND ENDOWMENTS`**
**`Donations and legacies`**
`Donations`
`Grants`
**`Investment income`**
`Rents received from wardens house`
`Rent and room hire`
`Dividends on listed investment`
`Deposit account interest`
**`Charitable activities`**
`Maintenance charges to almshouse residents`
`Entrance fees to museum`
**`Total incoming resources`**
**`EXPENDITURE`**
**`Charitable activities`**
`Care line`
`Cleaning and gardening`
`Architect and surveyor fees`
**`Other`**
`Subscriptions`
`Gifts and donations`
**`Support costs`**
**`Other`**
`Caretaker wages`
`Caretaker pension`
`Repairs and renewals`
`Rates and water`
`Insurance`
`Light and heat`
`Telephone`
`Sundries`
`Office costs`|`2022`
`£`
`3,013`
`3,250`
`6,263`
`19,307`
`2,195`
`26,586`
`4`
`48,092`
`52,198`
`1,035`
`53,233`
`107,588`
`2,383`
`3,197`
`1,667`
`7,247`
`190`
`400`
`590`
`5,269`
`152`
`51,303`
`1,863`
`12,754`
`2,519`
`715`
`78`
`1,059`
`75,712`|`2021`
`£`
`930`
`15,000`|
|---|---|---|
|||`15,930`
`8,500`
`1,908`
`8,975`
`3`|
|||`19,386`
`46,680`
`768`|
|||`47,448`|
|||`82,764`
`1,532`
`811`
`5,197`|
|||`7,540`
`316`
`300`|
|||`616`
`-`
`-`
`36,397`
`137`
`14,582`
`13,986`
`736`
`2,519`
`4,249`|
|||`72,606`|
```
This page does not form part of the statutory financial statements
```
```
Page 21
```
```
THE HOSPITAL OF WILLIAM BROWNE
```
## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022`**
|**`Other`**
**`Governance costs`**
`Professional fees`
`Accountancy`
`Admin wages`
`Total resources expended`
**`Net income/(expenditure)`**|`2022`
`£`
`854`
`4,452`
`5,000`
`10,306`
`93,855`
`13,733`|`2021`
`£`
`7,669`
`4,200`
`5,000`
`16,869`
`97,631`
`(14,867)`|
|---|---|---|
```
This page does not form part of the statutory financial statements
```
```
Page 22
```