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##
##
|een com|pared
to Th|e Smaller Prov|iders
Benchmark|ing
Group|(SPBG)for industry
comparability.|
|---|---|---|---|---|---|
|Metric||2020|2019
as restated|SPBG
2020|Commentary|
|New supply||0%|0%|0%|The
Charity
has
15
Almshouses
in|
|delivered|||||management.
This remains
as per the|
||||||previous
year,
with
no
new
supply
of|
||||||social
housing
or new
supply
of non-|
||||||social housin
.|
|Gearing||(12.00)%|(16.10)%|16.38%|The Charity has no borrowings
compared|
||||||to indust
standard.|
|EBITDA|MRI|N/a|N/a|250.5%|The
Charity
has
no
borrowings
and|
||||||therefore
no interest
in the
ear.|
|Social Housing
Cost Per Unit||E5,712|E2,483|E4,597|Income from social housing
was down
in
the year
due
to higher
voids
resulting|
||||||from the refurbishment
of No.46, which|
||||||also resulted
in a significant
increase
in|
||||||re air costs.|
|Operating|Margin|(22.23)%|16.63%|17.52%|As a Charity,
The Hospital
of St Thomas|
|Overall|||||receives
a
significant
level
of income|
|Social Housing||(25.64)%|16.63%|18.1%|from
its
Investments,
which
produced
F23,745
in
2020,
thus
impacting
the|
|Lettings|only||||operating
margin.
This
income
also|
||||||underwrites
part ofthe charity's operating|
||||||costs. Significantly
higher
maintenance|
||||||costs in 2020 have resulted
in an decline|
||||||in mar
in corn
ared to industr
standard.|
|ROCE||(1.20)%|0.83%|2.35%|This is particularly
low due to the minimal|
||||||liabilities
of the
charity
with
a negative|
||||||o eratin
sur
lus in the
ear.|
|Reinvestment||5.77%|0.24%|3.62%|Major refurbishment
works undertaken
in|
||||||the
year
leading
to
a
significantly|
||||||increased
metric.
The
trustees
are|
||||||satisfied
that the properties
have
been|
||||||maintained
to a good standard.|
##
##
|||||||2020|2019|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||funds|fund|funds|funds|
||||||||as restated|
||||Notes|E|E|||
|INCOME AND ENDOWMENTS||FROM||||||
|Donations
and legacies||||12,306||12,306||
|Charitable
activities||||||||
|Housing
Activities||||54,382||54,382|59,240|
|Investment
income||||23,812||23,812|23,247|
|Total||||90,500||90,500|82,487|
|EXPENDITURE ON||||||||
|Charitable
activities||||||||
|Housing
Activities||||66,937|1,389|68,326|49,386|
|Net gains/(losses)
on|investments||~38,740)|||~38,740)|71 285|
|NET INCOME/(EXPENDITURE)||||(15,177)|(1,389)|(16,566)|104,386|
|RECONCILIATION
OF FUNDS||||||||
|Total funds brought|forward|||||||
|As previously
reported||||1,101,896||1,101,896|1,077,349|
|Prior year adjustment|||9||79,839|79,839||
|As restated||||1,101,896|79,839|1,181,735|1,077,349|
|TOTAL FUNDS CARRIED FORWARD||||1,086,719|78,450|1,165,169|i,181,735|
##
##
|||||2020|2019|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||funds|fund|funds|funds|
||||||as restated|
||Notes||||E|
|FIXED ASSETS||||||
|Tangible assets|12|415,348|78,450|493,798|479,133|
|Investments|13|608,442||608,442|618,062|
|||1„023,790|78,450|1,102,240|1,097,195|
|CURRENT ASSETS||||||
|Debtors|14|7,539||7,539|4,353|
|Cash at bank||58,960||58,960|82,622|
|||66,499||66,499|86,975|
|CREDITORS||||||
|Amounts
falling due within one year|15|(3,570)||(3,570)|(2,435)|
|NET CURRENT ASSETS||62,929||62,929|84,540|
|TOTAL ASSETS LESSCURRENT||||||
|LIABILITIES||1,086,719|78,450|1,165,169|1,181,735|
|NET ASSETS||1,086,719|78,450|1,165,169|1,181,735|
|FUNDS|16|||||
|Unrestricted
funds||||1,086,719|1,101,896|
|Restricted
funds||||78,450|79,839|
|TOTAL FUNDS||||1„165,169|1,181,735|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|4.|CHARITABLE ACTIVITIES COSTS|CHARITABLE ACTIVITIES COSTS|CHARITABLE ACTIVITIES COSTS|CHARITABLE ACTIVITIES COSTS|CHARITABLE ACTIVITIES COSTS|CHARITABLE ACTIVITIES COSTS|CHARITABLE ACTIVITIES COSTS||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||Direct|Support||
|||||||||Costs (see|costs (see||
|||||||||note 5)|note 6)|Totals|
|||||||||E||E|
||Housing|Activities||||||55,025|13,301|68,326|
|5.|DIRECT COSTS|||OF CHARITABLE ACTIVITIES|||||||
||||||||||2020|2019|
|||||||||||as restated|
|||||||||||E|
||Rates and water||||||||7,547|6,151|
||Insurance||||||||1,729|1,764|
||Light and heat||||||||I 227|1,276|
||Repairs|and|maintenance||||||21,366|7,397|
||Garden|maintenance|||||||3,867|3,400|
||Warden|call|system||||||1,378|2,041|
||Christmas
gifts||||||||400|400|
||Depreciation||||||||15,658|15,084|
||Loss on|sale|ofassets||||||1,853||
||||||||||55,025|37,513|
|6.|SUPPORT COSTS||||||||||
||||||||||Governance||
|||||||||Management|costs|Totals|
||||||||||E||
||Housing|Activities||||||11,381|1,920|13,301|
||Support|costs, included||||in the|above, are as follows:||||
||||||||||2020|2019|
|||||||||||as restated|
||||||||||Housing|Total|
||||||||||Actiwties|activities|
|||||||||||E|
||Clerk's fees||||||||8,500|8,000|
||Charity|protection||insurance|||||408|397|
||Postage, stationery,||||advertising||and||||
||telephone||||||||844|879|
||Sundries||||||||871|143|
||Subscriptions||||||||758|594|
||Independent||Examination||||||1,920|1,860|
||||||||||13,301|11„873|
##
##
##
||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|
||||funds|fund|funds|
||||||as restated|
|||||F||
|INCOME AND ENDOWMENTS||FROM||||
|Charitable
activities||||||
|Housing
Activities|||59,240||59,240|
|Investment
income|||23,247||23,247|
|Total|||82,487||82,487|
|EXPENDITURE
ON||||||
|Charitable
activities||||||
|Housing
Activities|||47,997|1,389|49,386|
|Net gains on investments|||71,285||71,285|
|NET INCOME/(EXPENDITURE)|||105,775|(1,389)|104,386|
|RECONCILIATION
OF FUNDS||||||
|Total funds brought|forward||996,121|81,228|1,077,349|
|TOTAL FUNDS CARRIED FORWARD|||1,101,896|79,839|1,181,735|
##
|At 1stJanuary 2019|At 1stJanuary 2019|As Previously
Stated|Adjustment|As Restated|
|---|---|---|---|---|
|||f.|F|E|
|Fixed assets||1,097,195||1,097,195|
|Current assets||86,975||86,975|
|Creditors due|within one year|(3,824)|1,389|(2,435)|
|Creditors due|in more than one year||78,450||
|||1,101,896||1,181,735|
|Unrestricted
Funds
Restricted
Funds||1,101,896|(79,839)|1,101,896
79,839|
|||1,101,896||1,181,735|
|During t|he year ended|31st Dece|mber 20|19the following
adjustments|were made:|
|---|---|---|---|---|---|
||||||2019|
||||||E|
|Surplus|for the year as|previously|reported||105,775|
|Reversal|of amortisation|of social|housing|grant|(1,389)|
|As restated|||||104,386|
||||||2020|2019|
|---|---|---|---|---|---|---|
||||||E|F|
|Turnover
Operating|from Social Housing
costs of Social Housing||||54,382
~66,476)|59,520
~49,366)|
|Operating|surplus|and surplus|on Social Housing|activities|~12,093)|10,134|
##
|Aggregate
amount
received||
|---|---|
|At 31st December 2020 and 31stDecember 2019|126,170|
|Released to Statement
of Financial
Activities
At 31st December 2020 and 31st December 2019|~12617|
|Social Housing
Grant Carried forward||
##
##
|TANGIBLE FIXEDASSETS||||
|---|---|---|---|
|||Fixtures||
||Housing|and||
||properties|fittings|Totals|
||E|F|E|
|COST||||
|At 1 January 2020|658,229|8,362|666,591|
|Additions
Disposals|32,176
~3,793)||32,176
~3,793)|
|At 31 December 2020|686,612|8,362|694,974|
|DEPRECIATION||||
|At 1 January 2020
Charge for year
Eliminated
on disposal|181,606
14,822
~1,940)|5,852
836|187,458
15,658
~1,940)|
|At 31 December 2020|194,488|6,688|201,176|
|NET BOOK VALUE||||
|At 31 December 2020|492„124|1,674|493,798|
|At 31 December 2019|476,623|2,510|479,133|
##
||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|13.|FIXED ASSET|INVESTMENTS|||||||||||
||||||||||||Listed investments||
||MARKET VALUE|||||||||||f|
||At 1 January 2020|||||||||||618,062|
||Additions|||||||||||29,120|
||Revaluations|||||||||||$38,740)|
||At 31 December||2020|||||||||608,442|
||NET BOOK VALUE||||||||||||
||At 31 December||2020|||||||||608,442|
||At 31 December||2019|||||||||618,062|
||There were no investment||||assets|outside|the UK.||||||
|14.|DEBTORS:AMOUNTS|||FALLING DUE WITHIN ONE YEAR|||||||||
||||||||||||2020|2019|
|||||||||||||as restated|
|||||||||||||f|
||Contributions
in|arrears|||||||||3,899|2,020|
||Other debtors||||||||||17253||
||Prepayments
and||accrued||income||||||2,387|2,333|
||||||||||||7,539|4,353|
|15.|CREDITORS: AMOUNTS||||FALLING DUE WITHIN ONE|||YEAR|||||
||||||||||||2020|2019|
|||||||||||||as restated|
||||||||||||f|f|
||Other creditors||||||||||~3570|2,435|
|16.|MOVEMENT
IN|FUNDS|||||||||||
||||||||Prior||Net||Transfers||
||||||||year|movement|||between|At|
||||||At|1.1.20
f|adjustment|in funds
f|||funds
f|31.12.20
f|
||Unrestricted
funds||||||||||||
||General
fund||||85,307|||15,125|||(33,026)|67,406|
||Property
8 Endowment||||||||||||
||fund||||535,133||||(5,296)||32,176|562,013|
||Extraordinary
Repairs||||||||||||
||fund||||195,863|||13,690|||850|210,403|
||Cyclical Repairs|&|||||||||||
||Maintenance
fund
Investment
revaluation|||||6,044||||44||6,088|
||fund||||279„549|||~38,740)||||240,809|
||Restricted funds||||1,101,896|||(15,177)||||1,086,719|
||Housing
Property||fund||||79,839|(1,389)||||78,450|
||TOTAL FUNDS||||1,101,896||79,839|(16,566)||||1,165,169|
##
|Net mo|vement
in fund|s,
include|d
in the a|bove are as follo|ws:|||
|---|---|---|---|---|---|---|---|
|||||Incoming|Resources|Gains and|Movement|
|||||resources|expended|losses|in funds|
|||||E|E|E||
|Unrestricted
funds||||||||
|General|fund|||68,629|(53,504)||15,125|
|Property|& Endowment|fund||8,137|(13,433)||(5,296)|
|Extraordinary
Repairs||fund||13,690|||13,690|
|Cyclical|Repairs
& Maintenance||fund|44|||44|
|Investment
revaluation||fund||||)38,740)|)38,740)|
|Restricted funds||||90,500|(66,937)|(38,740)|(15,177)|
|Housing|Property
fund||||(1,389)||(1,389)|
|TOTAL|FUNDS|||90,500|)68,326)|)38,740)|)16,666)|
|Comparatives
for movement|||in funds|||||
||||||Net|Transfers||
||||||movement|between|At|
|||||At 1.1.19|in funds|funds|31.12.19|
||||||E|E||
|Unrestricted
funds||||||||
|General|fund|||64,247|25,276|(4,216)|85,307|
|Property|& Endowment|fund||535,891|(4,974)|4,216|535,133|
|Extraordinary
Repairs||fund||181,722|14,141||195,863|
|Cyclical|Repairs
& Maintenance||fund|5,997|47||6,044|
|Investment
revaluation||fund||208,264|71,285||279,549|
|Restricted funds||||996,121|105,775||1,101,896|
|Housing|Property
fund|||81,228|(1,389)||79,839|
|TOTAL|FUNDS|||1,077,349|104,386||1,181,735|
##
##
|Compara|tive
net|move|ment
in f|unds,
incl|uded
in the above|are as follows:|||
|---|---|---|---|---|---|---|---|---|
||||||Incoming|Resources|Gains and|Movement|
||||||resources|expended|losses|in funds|
||||||E|F|E||
|Unrestricted
funds|||||||||
|General|fund||||60,399|(35,123)||25,276|
|Property|& Endowment||fund||7,900|(12,874)||(4,974)|
|Extraordinary
Repairs|||fund||14,141|||14,141|
|Cyclical|Repairs|& Maintenance||fund|47|||47|
|Investment
revaluation|||fund||||71,285|71,285|
||||||82,487|(47,997)|71,285|105,775|
|Restricted funds|||||||||
|Housing|Property|fund||||(1,389)||(1,389)|
|TOTAL|FUNDS||||82,487|~49, 3861|71,285|104,386|
##
##
##
|||||||2020|2019|
|---|---|---|---|---|---|---|---|
||||||||as restated|
||||||||E|
|INCOME AND ENDOWMENTS||||||||
|Donations
and legacies||||||||
|Donations||||||12,306||
|Investment
income||||||||
|Investment
income||||||23,745|23,183|
|Deposit account interest||||||67|64|
|||||||23,812|23,247|
|Charitable
activities||||||||
|Housing
activities||||||54,382|59,240|
|Total incoming
resources||||||90,500|82,487|
|EX PENDITURE||||||||
|Charitable
activities||||||||
|Rates and water||||||7„547|6,151|
|Insurance||||||1,729|1,764|
|Light and heat||||||1,227|1,276|
|Repairs and maintenance||||||21,366|7,397|
|Garden
maintenance||||||3,867|3,400|
|Warden
call system||||||1,378|2,041|
|Christmas
gifts||||||400|400|
|Depreciation
of housing|||properties|||14,822|14,248|
|Fixtures and fittings||||||836|836|
|Loss on disposal of|housing|||components||1,853||
|||||||55,025|37,513|
|Support costs||||||||
|Management||||||||
|Clerk's fees||||||8,500|8,000|
|Charity
protection|insurance|||||408|397|
|Postage, stationery,||advertising|||and|||
|telephone||||||844|879|
|Sundries||||||871|143|
|Subscriptions||||||758|594|
|||||||11,381|10,013|
|Governance costs||||||||
|Independent
Examination||||||1,920|1,860|
||2020|2019|
|---|---|---|
|||as restated|
|||E|
|Total resources expended|68,326|49,386|
|Net income|22,174|33,161|