Magdalen Hospital Trust Trnstees, report and finAncial statements for the year ended 5 April 2022
Magdalen Hospital Trust Tru5tees' report ror the year ended 5 April 2022 TRUSTEES The Reverend Roikn H (Che1[ MA Cha]rn I'he keverend Anne.KfArie Gartiln klsw BA Mr¥ Diana Lucnbj M¥Lar¢n MA FRSA I'he Hon F.dward C) C W(xMI FLA s. LLX)norll S C W(XMI MA Mr Eddie B8rnett E3A I'he Reverend Dr Slejfan l M Mathias BA MA PhD AKC (Appinl M¥rLb 2022) (Resi8ngJ DnI)er 2020) Correspotthni Treusur¢r The RevereJ¥J RoiKYt14 Miichell MA Mr R(xl ATthur MBA B, MtCB PM Dip B8mk¥Y8 Gore BroNmc InvcstmLmt Management Chequ¢rs Coun 17 Fln)wm Sdli%bury SPI 2AS Emslic Elird Limityj 19 Vine Mew5 Vinc Sireel Ev¢Nham, WRII 4RE Review of gctivities And oehievements 'lTh¢ .1 nL8t M'os It>TNKd un(k'r u Chonly Cummiy5i(x) in Parli8wl Statutorv Instru1 No.196 d&ted 8th chnillry 1973. from ihe pr(KxYds". then valucd 81 £471.419. of th¢ of the Oribulll Mdyddlen Hi)spital cstoblishcd in 1758 '10 provid¢ wijmkm and wr18 on th¢ 3trLts & yore, knirable. ond happy retreat from thclr T¢IGhcd atKI distrcsstul CirLUtna'. li Is believed be the oldesi khmn'ty in this wwitry tu be fornied to work on behdlf ol womLm and girls. Sinc¥. 1973 thi.8.8mJll trust h&% uinK¥J i() pr01me WLifaN' ()f children ond young people, re8ardle&s ol. Bender, Wmler the a8c of 2) ys, wlv) 4llffer from vtsrioS eff1$ of %(rial depn'vation, abuse. mentsl phy%iLdl ha[leap, lldequa h(yJsin& 18ck of or tr4inm& and the problems dcrivo from UD¢Mplocni and lon¢ paronl fomilies. After meeiin8 these neajs, 8r8nls may ix tnth WIKTC fw¥ts arc availabk. 10 fmaThx rerch into lh¢ u% of delinqueney in )'oun8 al 8n}' proiecl mvolved in this. Applications 4r¢ accLFted mainfv from Chontses re&ster&l in the UK. The pref¢ed gre8$ ol. work Are stnBII L4xnmunilN 8roup8. with an clcmcDt of trainaj volunieers. 8J]d se]f help. who are emin8 oul practical work in froT)i lin¢ situations. Cff8n18 tsre $vallY in the £2(K> to £3.(KN) runge. Th¢ Trwq'$ snnual diSYble Ia)Me the prvKn¢ linK d(rs n U4ually exeeal £50.(m. There Js a of twelve trustK8. thr¢c Domin&t¢d by th¢ Athish(y of CtL7bUry. the Fliqhop of Southwark, and a Prin¥ipal of Stat¢, a1 ninc ciwted by exiin8 tn$. The T]OrnUMted tsijste serv¢ four yLfJfs and thc co-opied ftK fiye yC8TS. P*ge I
Magdalen Hospital Trn$t Trnstees, report for the year ended 5 April 2022 The tNit¢¢s at their Tneeting on 12th No¢tber ?(M)3 2wI thai in order to minise the admim'stration dw8e8 they reducc the nuTnber of their meetin85 lo consikn 8pplicalions lo thrtr iimth è v¢4r. The Chariry Cornmi55ion¢rs haN¢ mad¢ an ordu uJklLY Scdiun ?6 of Cbariiie5 Aci which empoTA'ers the T lo make th¢ir oiyn chans¢8 to thc administraiivc prm731( in 8ovcrning and in 2012 li w¥¥ Iifflhcr deeided io thnly hold nvo mectin8S a y&9r. one in May and in Noi'cmber {fthther Lhanged one m&xing it] Junc ond onr in D¢cLMnt¢r c4£h ycfjr). Th¢r¢ i¥ w otTice. alld apphcatilm La b¢ obiained online fr()m the TTuyI's W¢11. W.magdalL1ll7$i.or8 uk. Appli¢atscts s]M)uld b¢ by A LV)y of the late 41nnual report n indepLmdthUJ exatnined or authted accounts.. The Trusvs cytal investments mall&8ed by Gff¢ Brow)e Ini'ostsnent Mana8emcni Ltd. As the Inve8tmenis zre perpetually en(k>wed it been as<4m)ed th&t the CtraI ei)uld not bc S1. IltyweNrr. foll()win8 approach by th¢ the Lhlrity Cummi%si()Trs hav¢ folrnal Yh¢m¢ whieh w(iuld hlL u]hlcr CLYtain ¢oN]ilions io TeThJ part of the TnJs1'S wvth in c4pital as well as it's incon. This ordbr w&8 d&ted 2nd thiiA)¢r 2(K)l. L)un'ng thc y¢ar the tNst¢¢s approv¢d grants f(r a total of i68.312. A lia of granls made is inc5udL71 within the a¢)uniS M Pa8L' 8. '1'h¢ policy of thL MgBdal¢n HoNpiial Truyl fix makin8 8rant¥ i¥ oui utx)ve. Thi% has btxn %um¢ for )rne lime. and no ¢han¥c i¥ cniis8¥thl ai Pr[. 'llJe Ttu>1LYs 10 8ckn"LV¢ g)mc Ii)ng icrn) wih in ihLir alseis to Pn)iLft fiJlur¢ 8ranis'. but il's is. u¥vertheles& lo lea ihe nct 8nnuul income in makm8 granis. 'I'he trust tn thL p&¥¢ umiidered adi'ertising bui ¢A) far h&$ done gppliLation hav¢ 'n bU)cIent fur our pu0$.. I believL th&t arc diKhw8ing our pnrnary rcstKML8LbililJ' whi¥h li ti) Ihe iwst vuln¢rubl¢ young pwle in lety trNJay. Em%lie Bird l.¢d were appointed cOunnts in 2(X)9 and the reC<M thai r.m81ie Bird Ltd remain in otli¢¢ uniil lurther notic¢. Thi$ rLVOrt wBs approviyj by the trust¢¢s at their meetill8oD 26 S¢ptanEr 2022 si9j on its bcha]f bj The Reverend Rert H Mltchell MA Pag¢ 2
Magdalen Hospital Trust Independent eXamineS report to the trustees on the unaudited financial statements of Magdalen Hospital TrusL We r¢purt on the finan¢i81 stslLill¢nL ol Ma¥dale41 H(wits] Tru th¢ y¢8r ethl 5 Apnl 2022 wth.ch compn'8c thc $lalemenl of financial actilryiiL¥, the balancc SI the flow llment. statcrn¢nt of iolal RwogT)is¢d gains and losses and the rclatol notes. "fhese financial s¢gl¢ments hai'¢ t¢en prepared with the F5nancial Reporting Siandard for Sllvdller Entities (v¢ April 2(M)8). un&r kn'sti)rical L2lSt &)d the p()li¥i¢i s¢1 ()ut IlKtan. Resp¢ctive re5pon3ibilities of tru5ttts and examiner As lh¢ lh11. % Iniqiecg i'OlL arc res1)onsJble ti)r the prLTar2tion of th¢ in with the Charitiw Aci 2011 (the Aci). W¢ rwrt in res[1 of the Trusi's nIn(S kngrried out un(kr s¢cuon 145 of the 2011 A¥1 and in tyarrying out our ¢xatnJn#¢ion. I have follow1 8pplicable Dutetsons Ven by Ihe Lljariry Commission un&ler 145151(b) of th¢ A¢t. Basis of independent examiner's report Qur cxaminaiii)n W&LS LU[ri1 oul in drda1¢ the GlThT r)irttti(m8 gii'en b), Ihe Chariry Commi$%Lonm An ¢xuminatiim includ&s a rcview of the aLOUrtiin8 reetrts kq>i b). th¢ chants, and a ¢omporison tsi the aecounts present1 with those records. It also iriclth c(msideraiion ot any unusual ilen% or thSLlosutrs in the acLounls". aTKI s¢¢kin8 explanations from vou ay ¢(wTrin8 any suLh rnatlETs. The praUre¥ Und<n¢ do prvi'i& all lh¢ ¢vid¢nLc Iha¢ would rcqujrcd In an a.(, ¢qU¥l)UY w¢ do cxpr¢%% an audi¢ i)pinion on i'iew given b), Independent examiner's statement We have Lompleied our cxaminalii)n. We crnfinn that no m&iLYi&I m8Èier8 have eA)me to our aiiLmiion in ¢onnLYlion with the LXQTtIlnlltii) wku'th 8ivLs us cause to iK.IILvL. arty owkriai r¢swl.' . the llccountin8 rlwrds wer¢ kept in Acr¢¢ 130 of the Charities ACL . the accounLq did not with the accouniin8 r¢¢(Yds: (Y - the a¢couni¥ did noi ¢omplTh"ith thl opplicable rLquirem¢nts wn¢emin8 thc forni otKI ¢1)nnI of a¢counts out in thL Charities (Aceounts Imd Rq)vrts') R¥sulation8 2(K)8 than ffl)). requiremeni that the account.% wvc a true and foir Yi¢w which is noi a matter considered AS Part of an uKkpoth)l examinlOn. W¢ have no und have acro&8 no kner matters in C]nectin with the examinAti(m to attention should be drawn in ihi8 rq)CXl in tth to ¢n8ble a prorKr undeNanding of thc K]ntS to rca¢hcd. Emslie Bird Ltd and Financial Accountants & TaJ& AdYi50rs 19 Vine Mews Vine Street Evesham Worcs WRII 4RE Pay3
Magdalen Hospital Trnst Statement of financial activities For the year ended S April 2022 Unregtiirted Restiitted nds funds 2022 2021 Toial Incoming resources 16.361 16,361 41,408 21.4f19 l()fl.125 41,408 Total incoming resources 1&361 41.408 57.769 189,614 Resour¢e$ expended (iruntb. puyuble Manu8cniLnt and admitti1tr8ti1 72.312 11.934 72.312 1,934 25.950 11.987 Total royour¢c8 ¢Npcndcd 84246 84.246 37.937 Net in¢omin8 resources before gains and losses on revaluations And disposAIs (67,88)) 41.408 (26.477) 151.679 (iains and r¢valuali(x)s and di)WJals (Ff inv¢4tm¢nl 36.428 36.428 20,318 Iyet movement in fund5 (67,885) (87,092) 77,836 1.080,764 9,951 993,672 171,997 1121,674 'li>tEIl luTh]¥ brc)u¥ht li?nvkrd Total fund5 carried forward <154.9771 1,158.()00 I,(K)3.663 993,C?72 The note5 OD page$ 7 10 10 fom 40 thtt%raJ part of these financi41 $taletneD¢ P*ge 4
Magdalen Hospital Trust Balance sheet AS At 5 April 2022 2022 2021 iYot¢s Fixed Assets Investments 96A).641 895.691 Current assets Cash ai bank and in hllnd 43.672 98.670 43,672 98.670 Creditors." Amounts fAllin8 due wlthln one yelr Net current assets (6) (690) 42.982 97,980 Net Asset$ i.(X)3.623 993.671 Funds IlnreqtriclLd funds Lndoill¢nt Lutmts 11 54.977) 1.158.6ffl {87.()92) I.Q80.763 I.¢X)3.623 993,672 The ¢nttes, gtatemertts requir4 249W4) tre showi the followin8 pa8e which fornJ8 Pgrt of thj's Buiunce Shwl. The Dote# p*ges 7 to 10 forni aD illtegrni part otthe5e gtxt¢meDts. P4eS
Magdalen Hospital Trust Balance sheel (eontinued) Statement of tru$tees' re8pon$ibilities The trLte£S are resp¢S1b1¢ for pr¢p&Ting the armual rwt and the finaneia] statemthts in £orthce with applicable law and United Klld0M GenerAlly Accepied A¢4tig Pr1¢x. Law appli¢abli W ¢tu11]eS in Engi8Td Ij Walcs r1r¢S tTuaffs ¢0 Pr¢pa finla1 sL8t¢m¢nts for ¢8¢h financial year which give a tru¢ and fail of ¢hariWs finarKial acti1( during the year and of il% financial position at the end ol. th¢ y. In prq)aTing r]llanciai atLnlltYLLS a true and ftiir view. the InLs are r¢quwLxI to." - selcLI suitable %countin8 p)li¢ies and apply them ¢onsist¢ntly'. - makejudg¢ment8 and ¢8timate4 that are relable aThl pnjdent". afyj . prLwurc fLn8ncial stRtem¢n¢s on th¢ Boing CAYKXrn basis unless it is inappryaie to pre9wne th&t the ehwiry will ¢oniinw in operaiii)n. "I'hL IrU% ar¢ r¢spon%iblL lor kcepin8 proper rUr wkn'Lh dISLI() M'ith ruwn8bl¢ aU#' al wiy Ism¢ th¢ lithwial pusilion of the clmnts. and ¢nabl¢ InL%l¢¢i lo ¢n>ur¢ th¢ fu¢11 ststan¢nts o)mply with thc Ichdrities Act 1993. TrLLSIe resp()n¥ibl¢ for saf¢guwdmg the &t% of the charity hence fur taking redbunuble sleps for th¢ prevention And dfraud other irregul1¢3. The"L'rLLryicG8 r¢wmtNTLd that EM1¥ Bird rkynain in untsl (UTthLT n1¢¢. The fina,1&] stalLnents were wroved by the t¢S at their meetiti8 26 Septernber 2022 atml sId on IL¥ lthlf by The Reverend Robert A Mitchell MA Chairman The notes ott 7 to 10 forni #th ill1rI prt •f thele •éthJvnÈ•. Pge O
Magdalen Hospital Trnst Notes to the financial statements for the year ended S April 2022 Investment income 2022 2021 InVM]Cni income Inveskn¥nl inlLTest 12,177 4.184 21.354 135 16,361 21.489 Other in¢ominglou¢going resources 2022 {41.408) (168.126) Pagt 7
MAgdalen Hospital Trust Notes to the financial statements for the year ended 5 April 2022 GrAnts payable 2022 2021 Grants payablc l)()natiiinq 68.312 4,(J)O 25,950 72.312 25.950 Grants Approved in year 2022 AfriLan Smil¢ Articulate Art% l.imitoJ Au¢in Vos(x Ltd FJL%hLI New Llle Aws101ic Church & C(xnmuniry Ccntrc Flriljth lbI¢S Arh¥lm8 L8xLatiOn CHtPS Guildfrord Cl¢an %10 Crohns and L'olitis Relief Diwfy I,.agle House Youth Ikvelopmeni CIC Fibhi A8ain%t Illindt)tss Fumi%hing l.uttwes CJrimcthorp¢ Aiiiviry Zth]e Heudrix)m Y()un8 People's Charity Hum¢-Start Ilrotnlcy I Iiim¢-brart LravLm In DLW lmUnity Task Force D1n Kids in th¢ Sp4)Ilighl Kid4 N, Aetion Laniushir¢ Youth Chail¢TJge l.ife l.Auclltiun Ccnirtr 11noI l.imitwJ Love. Am¢liu Mahatkva Yoga Centre 1,9AO 1.5(K) 1.585 2.iJx) 2.5(K) 2.5(X) 1,5ixi ,SlX) l.b09 Mustard %eed Autisln Red KiLe Ra Supp()n SLYvice 8cotti8h Lot Dcath Trust S()m¢wh¢Yty' (&)m¢ri) Ltsl Sonshinc Club spd'¢I1 Irust Sudden Prduclions (SUDDENPR) Sunbeams Lo Tech%nft CIO 2,0(KJ 2,OtK> 1.995 Th¢ n()M7Wi8ht Spwiol N¢iwork The Mown8 On Projeci The'l'r¢aJutt 13askel As*KialM Think Clu'14tren T0er Hamletq P8rents CL Tyle1% TnL8( winc1er Street Reach Youn8 free 1.5(X) i.(x)o 2.fJ)O l.Y)3 Patr8
Mv4gdalen Hospital Trust Notes to the financial statements for the year ended 5 April 2022 Donations paid in year The Br]'lith Uknainilln %(Kiery UkrainL Charilv Management and administration 21)22 2021 'I'reasur&s fees Printin8. pK)sl, slat telephon¢ SUTth"¢s Independent ex8min¢rs f¢ OBIM bank ¢harB¢s on cash trunrfers and (kbr[*erl fees 2.16A) 353 720 8,701 2,71XI 262 8.334 11,934 11.987 Flxturni. Tangible fixed assets ¢yulpm¢nt Cost Al 6 April 2021 At 5 April 2022 84Y 849 Depre¢iation Ai 6 Apnl ?U21 849 849 At 5 April 2022 849 Pw9
Magdal¢n Hospltal Trust Notes to the finAncial $latements for the year ended 5 April 2022 Fixed Asset investments InVlmentS Total Costlrevaluation At 6 April 2021 Addiiiun Disposal% ReNllluations 895.691 307.443 (283.9011 41.408 895.691 307.443 (283.9011 41.408 Ai 5 Apnl 2022 960.641 0.641 Net book valyes Ai i April 2022 960.641 9()0.641 Al 5 Apnl 2021 81)5,691 AYS,691 Creditors: amounts falling due within one year 2022 2021 Aecruals and deferred incon 690 690 Page 10