HOSPITAL OF ST MARY MAGDALEN CHARITY COMMISSION NUMBER 236722 ACCOUNTS FOR THE YEAR ENDED 12 DECEMBER 2022
HOSPITAL OF ST MARY MAGDALEN ANNUAL TRUSTEES REPORT FOR THE YEAR TO 12 DECEMBER 2022 ovem•nce & M The Hospital of Sl Mary Magdalen clo Town Brh4ge House. 2. 8rKlge Street, Christchurch, Dorsel, BH23 1 ED is an nineorporated trust registered wrth the Charrty Commission (No 2367221 and regulaled by a Charity Commission Schemè d?led 28 February 1986 as amended by a further scheme 1 April 1997 and a special resolution ol the Iruslees dated 131h June 2013. The Charity has adopted a working name. -the Christchurch Magdalen Trust lo reflect It's modern obje$ and it's area ol benefit, Christchurch. The Trust is administered by a t(4Jy ol Tfuslee$ c¢ynprising la$ at 12 Decembor 20221. Chair.. Andrew Barfield (Appointed on the relirement of Klh Jarvis on 01 Oclober 20221 Christine Ann Cook Tara Jane Fox (Appointed 21 July 20221 jul Sephlon (Appointed on 21 July 20221 Other Tw51ee$.' Joc•lyn Small retired on 21 2022 consequent on her move to London and Keith Jarv1$ retired on 30 September 2022 h•ving reached th¢ end of hi8 pemiitted term. There is one Injsiee vacancy. Truslee$ mu81 have 8 special knowledge ol Chri8t¢hurch Ihrough iesKlence ¢xcupalion or employment. Subj¢¢i lo this, there 18 no limilalion lexcepl Ihrough general lawl on can become a trustee. The Charity has adopted recruitmeni and retention policy. This recognises ihat the Christchurch area of bènefit of the Charity h85 8 small population of approximately 50.000 pèopfe and the numbér of people who may be suitable trustees and meet the cnteria may be limited. As such. whilst the policy recognises the need to 111 people appropriate $ki118, It 18 not prescriptive In method of reeruitrnenl and seeks lo avoid barriers to 8Ult¥bl8 candidates. for example. by convening meelings al suitable lirnes & venue and doing what Il can io manage conllicls of interest and subsidise the cost of childcare, rf appropn3le. There are no appointed officers frcrfn among the Tru$leg8 exeepl the Chair. A¥ 8Ltch, the Inducbon procedure is Informal. The Clerk explains the Chanly's objectives and structure and gupplies the newtruslee with copie$ of Ihe documents necessary lo undgrstand the Iruslee's respon8ibililies. Advice and guidance are readily av*iloble both fr¢ the Clerk, hi$ assistant. or any olher trustee. The cr has for many yoars been assisled by Mary Luwche. Upon hef reliTemenl Llunng Ihe year. the Charity decidèd not lo replace her for a trial period of a year to assess whether the bu51ne88 of the Charty ¢ould be managed salisfaclorily by one person with the trustees taking a mgre 8Ctwe role. In recognition of the increased workload and the Clerk managing all the Charity's properties. hi$ salary was increased lo £11,000 per annum.
HOSPITAL OF ST MARY MAGDALEN ANNUAL TRUSTEES REPORT FOR THE YEAR TO 12 DECEMBER 2022 Although the Charity is managed on a day to day basis by the Clerk. the Charity has approved the following policie$ lo provide guidance and consistency and help lo ensure appropriate standards of governance.. The Common Reporting Standard Irelaling lo tax dom118 of aPIcants and beneficiaries). Dala Proleclion.. Internal Controls & Delegation Income Generaiion & Grant Gwing Recruitment & Relention Re$eTves Whilst the Charity has infomal working relationships with othw charities In the locality, there are no fomial relalion8hips with any other party other than funding agreemenls relating lo the proviwon of services by other charities. The objective of the Ch8nty is lo provide 11 in need and relief in sickne88 erther generally r)r individually to residents ol the former Borough of Christchurch or lin ¢ir¢umslances defined by il's conslilulionl lo those immeclialely outside that area. This can bè applied to fe8idenls who are In need, hardship. distress. sick, convalèscent, dis8bled. hAndicapped, or infim. by making grants or paying for items. ser¥iceJ. or lacilitses lo reduce suffering. Thg Charily can al80 make or receive donations or Subicription to OT frcffl othw Organili0nS which provide similar services as well 88 liaise wrth olttef cartng organisaiions and publ todies. The Trustees have releffod to the guidance contained in the Charity Commission'g general guidan¢e on public benefit when reviewlng the Charrty's.aims and ¢Jbjectives. and in pl8nning ils aelivilies. Howevor. il 1$ fell that th? objects of the Chanly as sel out in il"s eonslilulion are unclear In certain circumstances and so the Ch8rily has adopted a Grant Giving Policy lo clarfy and en8ur¢ eonsisten¢y in ils allct8tion of lunds lo those in need. The Charity's main iourees of income are Interest and dNidend8 on investsnents and Tents received from the Charity's properties, Most of the invesknents and 811 the freeh¢Jd propety i¥ pernianenlly endowed although all income is allocated lo the non-pemianenlly endowed Fund. The Chafty relain8 stockbroker3 to athise on Inveslmenls. Purchase and sale of inve$imenls are made on a regulaf basis on the advice of th¢. stockbrokers lo maintain an appropriate Telum for the Charrty. Inveslments are held in the name of a nominee. Chailes Stanley and Company Ltd, to avoid having to aher holder's names each time Ihere is a change in trustees and to facilitate the purchase and $ale of Invesfmenls.
HOSPITAL OF ST MARY MAGDALEN ANNUAL TRUSTEES REPORT FOR THE YEAR TO 12 DECEM8ER 2022 The Charity considered. during last year whether il was appropriate lo undertake fund raising. It was not fell lo be necessary al this lime, bul the Trustees did express the view that the Charity sho¢Jld ensure that welfare organisalions operating in Christchurch were 8ware of the help available from the Charty. This would ¢)ver time give the Charity better view of demand for grant funding and therefore whether the Charity should seek further sources of Incorne. Tg help increase awareness of the Charty rt has decided to e$lablish a website which is cuentlY in preparation. haril sPr ertie The Charity has freehold properties regi$lered In the names of the following person8." Andrew Gordon 8arfield. Christine Ann Cook, Julie Sephton and Tara Jane Fox following the retsremtsnl of Jctelyn Anne Smoil and Keith Jarvis. One ol Ihg Charity's two freehold properties is dimded into hvo fl818 and there 18 one flat in the other as well as business premises. TWD of the flats are let 01 Maet rants on the basis of a$sur8d shorthold tenancies. The third flat 18 empty pending a deci8ion on rts long tenn future. The ground floor of one of the properties Is let lo a loeal charity l a mJrkel rent bul wilhoul secvrty of lenur•. Wl the propertie8 are m8na9ed directly by the Clerk. Coniracls have been exchanged for Ihe redevelopment of a subslankn'al area ol land which include8 land owned by thè Charlty lo the re•T of ils properties in Chri81church 8nd planning consent has been granted by 8CP CoL+ncil. The p18nning con59nl was the subject ol a judicial r•view challenge. Thi$ has now be•n di8mi8sed by the Court of Appeal 8nd the Charity awaits a decision Irom the Pvfchaser on whelher il Is $8li$fied with the v8nou5 planning conditions. 1118 not possible lo say with certainly when the sale. which is a venture between the Charity. Dor8et County Couneil, the Police and Crime Commissioner for Dornet. and 8CP Council. will be C¢)mpleled. The Charity is retaining ils piopertie5 whi¢h Iront the highway. The Charity cuffenlly pays the Clerk an additional £5.000 per annum in recognition of the additional work undertaken in connection wlh the sale of the land. These paymènt8 will continu• until the redevelopment ol the Chanty's land is complete. Under Its constitution the Charity musl maintain its proporty and pay all property costs. 8nd costs incidental to the adrninislralion of the Charity. from 118 income belofe distributing the remaining income In pursuit of Its obje¢live8. A hl•v•m•nt• and P rfomi 11 is the policy of the Trustees that payThentS lo caring organisalions18nd not to Indmdualsl are the main focus of the Charity and enable ir to position rtsell as a lunding organizatson benefiiting Ihe widest possible section of those in need in Chrislchuich. In accor¢Janee wrth this policy all regular payrnenls lo almspeople ceased In 2017 and whilst the Charrty is of the view that there will eonlinue lo be a demand for assistance by Individual daimants. this type of help Is not the main f¢xus of the Charity.
HOSPITAL OF ST MARY MAGDALEN ANNUAL TRUSTEES REPORT FOR THE YEAR TO 12 DECEMBER 2022 Where possible the Charty refers individual applicants lo other welfare organi5ats.ons better placed lo assess their needs, which are often more than purely financ1. and lo hel) them. With this In mind the Charity.. Refers applications for household items such as can)et$. fumiture and while goods lo another local charity, the Christchurch Furniture proje la part ol the Christchurch Foodbank+l, which is better equipped lo de81 with such reqLtesi5. Refers applieations by those suffering serious hardship lo Christchurch Foodbank+ or the Christchurch Community Partner$hip lor help through a Hardship Fund established by the Chanty for this purpose, and of which more dètail is given below. Will not consider applications for help for coun¥elling, which p05e particular problems for the charity both in assessment and in Providing the necessary funds bul will refer lo other organisations where appropriate to do so. The followng figures sel out the value of grants given in oach of the last six years". Individuals Canng Organis8tr0fi8 Value (£1 Value 1£) 2017 41515 apICatIons) 12014 application8} 76412 aPpltIOnS) 117313 applicalionsl 3121 13 appli¢antsl O (No applicanlsl 36.721 2018 27,618 2019 26.714 2020 36,561 29.655 2021 2022 37.308 The Charity continue5 to focus on Ih05e who are the m05t in need in Chnslchurch. Th8 foltowing are exarnp19s of help given by the Charity during the last year.. F•ce-tOThf•¢e B•neflt• Advlc• With the replacement of the Chnslchurch CAB wrth the new c0nurba1n - wde BCP CAB, the Trustees are keen lo ensure th81 the quality of benefits advice hitherto enjoyed by Christchufch re$iden15 from the Christchurch CAB, continues. Three years ago the Charity sought tenders for the prowsion of a facewtothface advice service as a result of which il was provided by Ihe BCP CAB for one year. funded by the ChaTrty. Unlottynately as a result of thè P8ndemic lace-lo-face advice was not possible bul it is Ihe Charty's wish to continue lo support such provision and further funding was provided for 2022.
HOSPITAL OF ST MARY MAGDALEN ANNUAL TRUSTEES REPORT FOR THE YEAR TO 12 DECEM8ER 2022 F4cfrto-f•c• D•bt Advlc• The Charity for many years supported the outreach and debt adwee services run by Chnslchufch CAB. As with benefits advice. the Trustees were keen to ensure that the quality of factrto-face debl advice hitherto enjoyed by Christchurch residents continued. particularly for those less able to ae$S seryices online or by telephone. 11 is now Provided by Faithw0$ Wessex thfough Community Money Advice. funded by the Charity. In wew of the success of the first year of funding, the Chanty has resolved lo fund on o Ihree yearty cycle lo provide ongoing security for the seNcè. Tho Christchurch Furnltur• Prol•ct The Charity continues lo assist the Failhworks Wessex Chrislchur¢h Home Equip Furniture Project operated through the Chrislchureh Fdbank* with 50% of Ils funding. This is cyerated on a fivè-y8ar cycle which ended al the end of 2022. The Charity has agreed In prineiple to fund for a further fNe years. The Piojecl provides household good¥ and furniture lo those in need. Nol only does Ihis Provide essenb'al goods to those who Could not othe1$e afford them, bul also triggers. in addition to ttems purchased. further goods donated oi olherw15e obtained without cost lo the Projecl. Conlael I1h the familifj¥ enables Christchurch Foodbank+ to identify 1$5ues within houy¢holds requiring further input and support. Th• H•rd•hlp Sch•m• •8tabll•h•d by th• Charity In view of the sucuss ol the Corona Virus scheme established during the pand•mic and which rgached 0r 200 families al a cost of 4pproximal¢ly £20,000. upt)n the closure of that scheme in Au9usI 2021 a now Hardship Fund was established to continue for the foreseeable fviur?. Llke thg former scheme it Prov86 up lo £150 per èpplic8nl and which is accessible lo anyone In dire financial need, whatever Ihe cause. and is admlni$lered by twg local charities. Failhworks Wessex through Christchurch Foodb8nk+ and Ihe Chri$lchur¢h Community Partnership. A grant of £5000 was kindly donated by the Christchurch Charitable Trust in 2021 to help with the Fund. Early Indic8tion8 Show a signrficanl tak&up, particulafly In cash grants for power and fuel. Demand is expected lo increase. No Iimil h8s yel been placed on the funds thal the Charity Is prepared to eommil lo the scheme. Other H•lp Glv•n During the year the Chanty has supported other chantie5. For a third year. Asthma Relief Ilhe provibion of nebuli88TSI', and, for a sècond ye8r, MAST Imen Acbvejy Standing Togelherl which last year ran a pilot pToJecl lo support men suffering from a r8ng6 01 issue6 such as abuse. men181 heèllh and loneline8s, but which has now been funded lo extend the project to east Christchurch and Highclrffe. Grants were also made lo the Christchurch Reetsvery Breakfast Club lo pay for rent and f¢)od for the year and which provides support for people re¢overing fr addtclion. and lo the Christchurch Community Partnership to support those isolated over the Winter period, The Charity is always willing lo work with other organizalions. For example. the grant given lo the Community Partnership was provided equally by the Ch8rily and Chr151church Round Table and Round Table have agreed to 5UPPOrt the Recovery Breakfast Club in 2023. Furthermore. the Hardship Fund has been helped by grants frn the Christchurch Charitatsle Trust.
HOSPITAL OF ST MARY MAGDALEN ANNUAL TRUSTEES REPORT FOR THE YEAR TO 12 DECEMBER 2022 Flnan lal Revlew The unTeslricled income of the Charity exceeded expenditure by £1,671 during the year. Investment Income was better than expected and this helped the Charrty to maintain ils income in the light of possession action being necessary for one of its prcperties which 15 cufTently unlel. The Charlty ended the yeaT Wlth a closing Ljnreslricted cash balance of £S8,918. Its reslncted cash balance of £5.000 was uliltzed dunng the year for the Hardship Fund. The cash balance is consmdered sufficienl lo fund ongoing activilies. Furthemiore. the Charity has a substantial non- pem)anenl endowment fund of £398.837 that Gqn be cald upon il appropriate. Additionally, the Charity holds a permanent end¢)wmenl fund of £1.389,092. e8èrv• P 15 The Charity $eek5 to apply all incr0 received in any fin3ncial year in $8tisfactson of all admini51ralion expenses arising In that year and in furtherance of its ch8Til8ble objects. The Charity WOLtld Seek to reinvest any surplus arising al the end of the financ181 year rf they were satisfied that the ongoing needs of Ihe Charity (either in its 8dminislralion or in furtherance of ils charitable oty'•clsl could be met In the mèdium term by incomè arising during th81 period. In the event ol continuing annuo18urpluses. the Truslees will take SLtch actson as Is appropriate lo ensure that Insolar a8 18 Possible income In fulty ulilised annually whether by seeking lo extend the number of referrals for assistance or by re-examining the objects or area of benefit ol the Chanty. The Charity relies entirely on lis Investment Incom• 8n(t on rents to fund expenditure. As such il 18 Ch8rily policy lo ensure that it8 rents are at markel levelj and lo continue lo maintain its existing investsnonts al a level ne¢a$sary lo sustain the income necessary lo fund its ¢haritable ¢jectives. whilst at the samé time ensuring that an appropriate balance 18 maintained lo ensure captsl growth. The major risk lo the Charity 1$ a failure of its investmonls and property lo provide sufficient Inme 10 8dminisler the charity and enable gr8nls to be m8de. Last year planned increases in rent were Implemenled. bul the lenanl of one ol the pr¢pertios was substantially in arreaTS and possession was taken and the property IS Vacant. However. this has not impacted on the Trust's ability to finance the adminislralion of the charity nor Ils charrtable work and Il is not expected lo have any signrficanl fulure efteci. The Trustee5 relain stockbrokers and managing agents lexcepl for Ihree of the Properties ¥there il 1$ fell Ihal the Clerk has sUffIent knowledge lo manage wrthout the assisian¢e of managing agenlsl Io- provide advice and to ensure a proper balance betsveen income. 0ng property maintenance and Capital growth. 11 is not feli necessary lo relain svbstantial reseNe sum5 in an accessible current or dep05rt account since the Charity has access lo th¢ subslanlial non-pemanent endowment caprtal fund referd to earlier in this feport which is consideied adequate lo meet any unexpeeled contingencs.
HOSPITAL OF ST MARY MAGDALEN ANNUAL TRUSTEES REPORT FOR THE YEAR TO 12 DECEMBER 2022 Andrew Barfield ChaiT. Dale
HOSPITAL OF ST MARY MAGDALEN CHARITY COMMISSION NUMBER 236722 FOR THE YEAR TO 12 DECEMBER 2022 I report to the Ifustees on my examinatson of the accounty of The Hospital of Sl Mary Magdalen (the Chafilyl for the year ended 12 December 2022. ReBpon8lbllltl•* and ba818 ol r•port As the CtrTarity' Iruslees you a responsible for the preparation of the accoun15 In accordance with the requirements of the Charities Act 2011 I'lhe Acl'l. I report in re3pe¢i of my examinalion of the Charity'5 accounts earned out under Secti 145 of the 2011 Act anLI in carrying out my examination I have lollchved all the applicable Direcb"ons given by the Charity Commission under section 1451511bl ol the Aci. Indgp•nd•nt •ximln•r'• •t•t•ffl•nt I have comploled my examin81ion. I confim that no malenal matters have Come lo my attention in ¢onnection with the examination giving me cause lo believe thal In any matenal respect.. accounting records were not kept In respect of the Charity 88 required by section 130 of the Act.. or 2. the 8c¢ounls do not accord with those record5. I have no concerns and have come a¢m$ no other matters in ¢onneclion wrth thg examination lo which allenlion should be drawn in thi$ report in order lo ¢nable a proper understanding of the accounts lo be reached. S A Sullivan FCA ICAEW Rolhmans LLP Chartered Ac¢ounlants Avebury House 6 Si Peter Streel Winchester Hampshire S023 88N Dale. 12 June 2023
HOSPITAL OF ST MARY MAGDALEN CHARrrY COMMISSION NUMBER 236722 FOR THE YEAR TO 12 DECEMBER 2022 The Receipts and Payments accounts sel oyt on page 10 for the financial year ended 12 December 2022. and the Slalemenl of Assets and Liabilrties al th81 dale sel oijl on page 11 are approved by the Trustees. Andrew BarfIel Chair Trustee aulhorised lo sign on behalf of all Trustees Dale.. //:/// / The accounts are forwarded by Mr J A G Hoare, Clerk lo the Trustees, Town 8ndge House, Bridge Street. Chrislchurch, Dorsel 8H23 1ED
HOSPITAL OF ST MARY MAGDALEN CHARITY COMMISSION NUMBER 236722 FOR THE YEAR TO 12 DECEM8ER 2022 A Receipts and Payment¥ Account 2022 Unrnstrictod Rutrlcted Endowment 2021 Total Tot¥1 Incom• Rocelptl Investment Income Dividendsl Interest received Donations Rents from propety Gro•• Incom• 42,984 42,984 39,585 5.000 29.503 74,088 26.023 69,007 26.023 69.007 Sal• of In¥•stment 221.788 221.788 270,601 rot•l rgc•lpts 221,788 290.796 344,689 Dlr•ct Charltabl• Expendlture Payments to people In need Payments lo charitable & other inslilulion$ 3,122 32.308 32.308 s.000 5.000 37,308 37,308 29.655 32,777 Prop•rty Co•t• Prcperly relurbishmenl. repair & m•inlenanc• Property Insuranee, managemenl & proles510nal fees Pfoperty Redevebpmenl eo$ts 5,314 5.314 3,883 4,307 716 10.337 4,307 716 10,337 2.569 1.099 7,551 Oth•r Exp•ndltur• Examination fe0¥ Salaries Day lo day costs Trustees Indemnity Insurance Investment manager's charges Website cogls 8onk chèrge8 1.836 15,819 1.205 1.836 15,619 1,205 296 9,135 675 60 9.135 28,826 1,488 15.492 1.405 263 11,100 9.135 675 60 19,691 29,748 Gro8• Exp•ndltur• 62,336 5.000 9,135 76,471 70,076 Purch••t of Inv••tm•nts 150 846 150.846 221,241 Total Pym•nt8 62.336 159 981 227,317 291.317 Nel R•celpt8 for the Y•r 6,671 6,000 61,807 63,478 53,372 Cash Funds at 12 Decemter 2021 52,247 5,000 105.810 163,057 109,685 Cash Funds at 12 December 2022 $8.918 167,617 226,536 163,057 10
HOSPITAL OF ST MARY MAGDALEN CHARtrY COMMISSION NUMBER 236722 FOR THE YEAR TO 12 DECEMBER 2022 B Stat•m•nt of Assets and LiabllitleB 2022 2021 Cash Fund¥ Bank •nd c••h b•lanc•• Bank Account Cash held within investment portfol Cash float Tot1 Cih Funds 58.902 167.617 16 226.535 57.231 105.810 16 163,057 2022 2021 Oth•r monetary a•••ts Unbanked divi¢Jends Inve•tmont A8•ets 2022 2022 Cost V•lu•tlon 2021 2021 Cost Valuatlon P•rnianent Endowment Pr¢p•rty Freehold land and bLtildings held 48 an inve6tmenl lo provide Ineome for the Chanty 43 and 47 Barrack Road. Christchurch Parcel of land al rear o14S Barrack Road (Both properties are maintsined in an appropriale manner) (The original cosl of these properties Is noi easily attainable as they have been held for many years.) (The building6 wttre last ievalued In May 2020, the value of the land IB not readily ascertainable.I 785.000 785.000 Inve8tment• Mixlure ol govemrnenl stocks, Managed funds. 5hareJ in Iisled companies and cash fund5 held by stockbrokers 1,059.912 1,389.092 983.OS4 1.558,229 Non-p•rni•n•nt Endowm•nt Investrnonts Mixture of government slock5, managed lunds. shares in listed companies and Cash funds held by stockbrokers 266,526 398,837 263.930 436,175 AB8et4 r•taln•d lor tho Ch•rity'• u•• Computer. pnnler and scanner 2022 2021 Llabllltl•8 Examination Fees Rent Deposits held by Charity 1.836 1.100 2.936 1,836 1.100
HOSPITAL OF ST MARY MAGDALEN CHARITY COMMISSION NUMBER 236722 FOR THE YEAR TO 12 DECEMBER 2022 C Note• to tho Account8 The accounts are prepared on a receipts and paentS basis and comply with the appropriate legal requirement$. During the year ended 12 December 2022, travel expenses lolalling £94 were reimbursed lo one Trustee of the charity. There were no other related paty transactions In the year. 12