HOSPITAL OF ST MARY MAGDALEN CHARITY COMMISSION NUMBER 236722 ACCOUNTS FOR THE YEAR ENDED 12 DECEMBER 2024
HOSPITAL OF ST MARY MAGDALEN KJA THE CHRISTCHURCH MAGDALEN TRUST ANNUAL TRUSTEES REPORT FOR THE YEAR ENOED 12 DECEMBER 2024 Governance & Mana emenl The Hospital 9f St Mary Mtigdalen clo 2, Brklge Street. Chrisichurcn. L)orset, BH23 1ED is an unincorporated trust registered with the Chanly Commission (No 2367221 and regulated by a Charity Commission Scheme dated 28 February 1986 as amended by a furthe( scheme 10th April 1997 and special resolution of the Ifuslees ¢Yated 13th June 2013. The Charity has adopted a working name, "the Christchurch Magdalen Trust-, lo relle¢t ils modem non-medical objects and il's area of benefit. Christchurch. The Trust 1$ administered by a body of Trustees compfising.. Chair.. Other Trustees.. Andrew 8arfield Christine Ann Cook Tara Jane Fox Julie Sephton lan Chartes Marshall (appointed on 2r December 20241 Trustees must have a special knowledge of Christchurch through residence o¢¢upalion or employment. Subject lo this. there is no limrtalion lexcepl through gener81 law) on who ¢an become a Iruslee. The Charity ha$ adopted a recruilmenl and retention policy. This recognises that Chrislchureh is a small town of approximately 55,000 people and the number of people who may be suitable Iru51ee5 and meet the criteria may be limited. As such, whilst the poliGy reco9nises the need to recruit people with appropriate skills. Il Is not prescriptive in melhod of recruilmenl and seeks lo avoid barriers lo suitable candidates, lor example, by convening meelings al suitable limes & venue and doing what il Can lo manage conflicts of interest and subsidise the cost of childeare. if appropriate. There are no appointed officers from among the fruslees excepl the Chair. As such, the induclion procedure is infomal. The Clerk explains the Charity's objectives and structure and supplies the new Iruslee with copies of Ihe documents necessary to understand the Irusle8's responsibili1s. Advtce and guidance are readily available both from the Clerk. or any other Iruslee. The Clerk receives a salary of £11.000 p.a. togèther wtth 8 further sum of £5,000 p.a. lo reflect hi5 work in connection with the redev81opmenl ol the Charity's land in Barrack Road. This wll énd when tha redevelopn7enl 1$ completed. The Charity is managed on a day-to-day basis by the Clerk. The Ch8rily adopted a Safeguarding Policy and updated ils Privacy Notice during the year and has in pla¢e the following policies lo provide guidance and consistency and help lo en5 appropriate slandafds of governance.. The Common Reporting Standard (relating to lax domicile of applicants and beneficiaries). Data ProleGlion and Privacy., Internal Controls & Delegalion Income Generation Publicily & Grant Giving Reoruilmenl & Retention Reserves Safeguarding Whilst the Charity has informal working relationships with other oroanizalions in the locality. there are nn formal relationships with any other party other than funding agreements relating lo the provision of servi8 by other Ofganizations
HOSPITAL OF ST MARY MAGDALEN IfJA THÉ CHRISTCHURCH MAGDALEN TRUST ANNUAL TRUSTEES REPORT FOR THE YEAR ENDEO 12 DECEMBER 2024 Constitutional Ob. eclives The objective of the Charity is to provide relief in need and lief in siGkne3s either 9¢nerally or indivldually lo residents of Christchurch, Dorsel. or lin circumstances defined by il's constilulionl to those immediately outside Christchurch. This can be applied to residents who are in need, hardship, distress, sick, convalescent, disabled. handicapped, or infimi. by making grants or paying for items. services, or facilities lo redu $uffering. The Charity can also make or receive donations or Subseriplions lo or from other organisalions which provide similar services a5 well as liaise wilh oltter caring organisalion5 and public bodies. Under ils ¢onslilulioo the Charity must maintain ils properties and pay all prop8rty ¢0s1$, and costs incidental lo the administration of the Charity. from rts income before distributing the remaining income in PUf$UIt ol rts objectives ource of Incom The Charity's main sources of income are interest and dividends on investments and rents received from the Charity's properties. Most of Ihe investments and all the freehold property is permanently endowed although all income is allocaled lo Ihe non-pennanenlly endowed fund. The Charty retain5 slockbrokers lo advise on inv&slmenls. Pur¢ha$es and sales of investments are made on a regular basis on the advice of th8 Stockbrokers to maintain an appropn'ate turn for the Charity. Investments are held in the name of a nominee, Charles Sianley and Company Ltd. lo avoid having lo aller holder's names each lime there is change in Iruslees and lo facilitate the purchase and sale of inveslmenls. As a result of the completion of the sale ol land owned by the Charity in Barrad( Road for redevelopment, the income of the Charity from ils endowment funds has risen subslanlially The Charil 's Pro The Charity has freehold propertie$ registered in the names of the following Irusl8es'. Andrew Gordon Barfield, Christine Ann Cook. Julie Sephlon and Tara Jane Fox. One of the Charily's two Ireehold properties is divided inlo two flats and the other is divided inlo a flat on the first floor and business premises on the ground floor. let to a local charity al a market rent bul wilhoul Security of tenure. The Charity has ot)lained vacanl pOssessn ot one ot rts propenies whilst the olmer Is fully let, Tne Charlty 1$ considering the best long-lerm use for them. and P rfoman A. Policy The Trustees have relerred both lo the guidance contained in Ihe Charity Commission's general guidance on publiG benefit when reviewing the Charity's aims and objectives and planning its aclivilies, and also lo the Charity's own constitution which permits help both lo those who are Infirm as well as those in need either directly or through olher caring organizalions. However, il is felt Ihal the objects Of the Charity in il's conslrtulion are unclear and the Charity is in the process of a vIeW. In the meantime it has adopted a Publicity, Income and Granl-Giving Policy lo darify and ensure consistency in ils allocation of fund5 and has adopted guidelines in relation lo those who do not nessarIlY have a permanent residence in Christchurch. For example, the homeless and those in temporary accommodation SUGh as a hostel or fuge.
HOSPITAL OF ST MARY MAGDAL'EN KIA THE CHRISTCHURCH MAGDALEN TRUST ANNUAL TRUSTEES REPORT FOR THE YEAR ENDED 12 DECEMBER 2024 This Policy anticipates continuing lo largel organrzalions rather than individuals but with a greater emphasis on continuing contact with those organizalions, and the general promotion of the work the -t of the help the CharY Can give. It is hoped that this will over timè Charity does, so that wight p not lo- give the Charity a better view of demand for grant funding and therefore whether the Charity should seek further sources of income. A web sile has been developed lo assist the Charity in promoting il's activities and it went'live" (Juring the year. B. Grant Giving 1115 the policy of the Truslees Ihal payments lo caring organisalion5 Iralher than individuals) are the main focus of the Charity to enable il lo position itself as a funding organizalion benefilling the widest Possible section of those in need and infirm in Christchurch. Having said this. the Charity is of the view that there will ¢onlinue lo be a demand for assistance by indivual daimanls. bvl this type of help 15 not the main foGus of the Charity. Where po3¥ibl¢ th¢ Charity refers individual applic8nt8 to other welfare or9onisations beller placed to help them. With this in mind the Charity.. Raf8rs appiicalions lor household ilems such as carpets. fumilure and while goods lo another local charity, Ihe Christchurch Home Equip Furniture Project la part of the Christchurch Foodbank+l, which is better equipped lo deal with such requests. Will nol considef applications for help for coun5elling. which pose parti¢ular problems for the Charity both in assessment and in providing the necessary funds bul will fer lo other organisalions where appropriate lo do so. Refers those in financial need who Can be assisted by a grant of less than £200 to either the Chfistchurch Fo¢xlbank+ or lo the Chrislchurch Community Partnership, bolh of whom administer a Hardship Scheme originally esiablished by Ihe Charity lor Ihis PUfPOSe. Cash grants given by the Charity in each year since 2020 together with a total for each year can be found in the Help Given page ol the Charily's website". hllps."Ilcmlrusl.org.uk. The increase in grant aid from £37,308 in 2022, 10 £53.399 in 2023 and then lo £81.720 in 2024 is a direct result of the increased income from the money recoived from the sale of Ihe land lo the rear of Ihe Charily s properties in Barrack Road. Of particular note during the year. The Charity iesolved lo conlinu8 funding th8 provision of specialisl face lo face benefits advice provided by Citizens Advice. Bournernoulh ChTislchurch & Poole. (Granl: £10.6691. "Specialist" advice relates lo the reconsideralion of. and apalS against. benefit assessments. Towards the end of the year this was increased lo include applications for Personal Independence Payments,. the Over 65 Allendance Allowance & Childs Disabled Living Allowance in view of complexilies inherent in such applications. The Charity continues to fund the lace-lo-face Communily Money Advice debt advice service provided by Failhworks Wessex through the Christchurch Foodbank+ (Grant.. £18,370) The Charity continues lo assisl the Faithworks Wessex Chrisl¢hurGh Home Equip Furniture Project operated through the Christchurch F¢>xlbank+ wilh 50% 01 its funding. (Grant.. £6,000>. The Project provides household goods and fumilure lo those in need. Not only doe5 this provide essential goods lo those who could not otherwise afford Ihem, bul also triggers, in addition lo items purchased, further goods donated or otherwise obtained withoul cost to the Project. Contact with the families enables Christchurch Foodbank+ lo identify i55ue5 within households requiring further inpul and support. The Home-equip PToiect benefilled 185 homes. a lolal of 241 adults and 315 children in 2024. The Hardship Scheme establish by the Charity during the pandemic is administered by two local charities, Failhworks Wessex through Chrislchurch Foodbank+ and the Christchurch Community Partnership. No limit is pla on Ihe overall lunds Ihal Ihe Charily is prepared lo commit lo the scheme and the maximum sum per application has been increased to £200 lo reflect inflation.
HOSPITAL OF ST MARY MAGDALEN KIA THE CHRISTCHURCH MAGDALEN TRUST ANNUAL TRUSTEES REPORT FOR THE YEAR ENDED 12 DECEMBER 2024 particularfy in fwd. £22.209 was pabj in cash grants in 2024 lo reflecl oulslanding grant costs from 2023 and on account of the anticipale(J granl in 2024. Thanks goes lo the Christchurch Charitable Tru>t fur il'¥ doiidtiori of £5.000 lowaids the funding of the scheme for 2023. The Charity supporte(S the Diverse Abilities CHAOS programme loi young people with profound learning and physical disabilities by providing a grant to fund 120 play sessions al il's new Treehouse facility al Hum. IGranl-. £11,574) Following an approach by the Chafily lo the Arc al Somerford during 2023. il funded the Arc Craft Clvb in 2024 to support children and lo provide an avenue for 8dvice and guidance to parents and carers on such mallers as debt and benefits IGranl.. £2,180) The Charity approached Macrni118n Caring Locally in 2023 to ascertain whether cash grants could assist Ihose iTrlhefin31 slages of life. The Charity was wery pleased. IheTefoTe. when in 2024 il was approached lo cover Ihe cost of personal alams lo two people to enable them lo continue living at home. Although the lolal cost in grant aid was only £466, il is an example of how a small amount given quickly and wilhoul luss can make such an enormous difference lo a person's Iile. Financial Review The Charity was able lo increase substantially it's grant aid compared with previous years as a result of increased income following the sale of land al Barrack Road la51 year. Expenditure of the Charity exceeded income by £21.278 during the ¢urrenl year. The Charity ended the year with a ¢10sing vnreslri¢led cash balance of £73.539. This is considered 5uffioent lo fund ongoing activities. Furthemiore. the Charily has subslanlial non-permanenl endowmenl fund of £580.498 thal Can be called sjpon if appropriate. Additionally, the Chafily holds 8 peimanenl endowment fund of £2,754,221. The Charrty Seeks lo apply all income received in any financial yeaf in satisfaction of all administration expenses arising in thai year and In furtherance of its Charitable objetts. The Charily would seek lo reinvest any surplus arising al the end of the financial year rf they were satisfied that the ongoing needs of the Charity leither in its administration or in furtherance of Its charitable obie¢lsl could be mel in the medium term by in¢ome arising during Ihal penod. In the event of continuing annLtal surpluses, the Trustees will lake such a¢lion as 1$ appropriate lo ensure that insofar as is possible income in fully ulilised annually whether by seeking lo extend the numter of referrals for assistan or by re-examining the obiecls or area of benefit of the Charity. ndrew Barfield ChaiT.
INDEPENDENT EXAMINER'S REPORTYO THE TRUSTEES OF THE HOSPITAL OF ST MARY MAGDALEN KIA THE CHRISTCHURCH MAGDALEN TRUST CHARITY COMMISSION NUMBER 236722 FOR THE YEAR ENDED 12 DECEMBER 2024 I report to the trustees an my examination of the accounts of The Hospital of Sl Mary Ma9dalen Ithe Charilyl for the year ended 12 December 2024. Re$ponsibilltles and basls of report As the Charity. Iruslees you a responsible for the preparation of the accounts in accordance with the reqU1MentS of the Charities Acl 2011 I'lhe Act,). I report in respect ofJny ex8minalion of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515}Ib) of the Act. Independent examinèr's statèment I have completed my examination. I confirm that no malerial matters have come to my attention in connection with the examination giving me cause lo believe Ihal in any material respect, accounting records were not kept in respect of the Charity as required by section 130 of the Act,. or 2. th& accounts do not acrd with those records. I have no concerns and have come across no other matters in ¢onnedion with the examination lo which attention should b& drawn in this reFK)rt in order lo enable a proper understanding of the accounts lo be reached. Jonathan Pouller FCA CTA ICAEW Rolhmans LLP Chartered Accountants Avebury House 6 Sl Peier sireet Winchester Hampshire S023 8BN Dale- 10 2025
HOSPITAL OF ST MARY MAGDALEN KIA THE CHRISTCHURCH MAGDALEN TRUST CHARITY COMMISSION NUMBER 236722 FOR THE YEAR ENDED 12 DECEMBER 2024 The Receipts and Payments accounts sel out on page 7 for the financial year ended 12 December 2024, and the Slalemenl of Assets and Liabilities al that dale sel out on page 8 and the related Notes on page 9 are approved by the Tnjslees. Andrew 8arfield- Chair Trustee aulhorised IsIgn on behalf of all Trustees Dale.. The accounts are forwarded by Mr J A G Ho8, Clerk to Ihe Trustees, Town Bridge House. 2, Bridge Street, Chfistchurch, Dorsel BH23 IED
HOSPITAL OF ST MARY MAGDALEN KIA THE CHRISTCHURCH MAGDALEN TRUST CHARITY COMMISSION NUMBER 236722 FOR THE YEAR ENDED 12 DECEMBER 2024 A Receipts and Payments AGcount 2024 Unrestrlcted Restrscted cdMent 2023 Total Totsl Incom8 Receipts Dividendsl Interest received Donations Rents Irom PfoFwty Other Income Gros$ Income 101.756 101.756 8.542 23.190 72,326 7.500 25.390 8.542 23.190 150 125,096 8,542 133,638 105.216 Sale of flxed asstt Sal¢ of Inv¢stm¢nt$ 1,435.800 116.5e2 1.362,262 1,362.262 Total receip18 125 096 1362,262 1495,900 1657 598 Dlr¢¢t Charltabl• ExpendSture Paymenis to people In nee(1 Payments to chantable & other 565 3,542 4.107 1,790 5.000 8542 77613 81,720 73.178 53.399 Prop•rty Cosi¥ Propety refurbhmenf, repair & mainienance Property Insurance. management a prolgssional lees Property RedeVelopnI costs 10.231 10.231 3,B99 11.500 15.092 36.823 11.500 15,092 36,823 6,043 14,447 Othor Exp•ndllur• Examination fee8 Salaries Day to day Costs Trusiees Indemnity Insurance Investment managef s charges W8bsile cost$ Bank charge$ 2.136 16.000 1.383 414 2,136 16,000 1,383 414 15.329 1.051 60 36.373 1,836 16,000 1,786 329 13,921 15,329 1.051 70 21.044 15.329 Gross Expenditure 131.045 8.542 1S,329 1S4.918 101.788 Purchase of investments Purchase of fixed assets 1.255,349 1,255,349 1.449.126 1.284 Total Paym*nts 131 Ods 8.$42 1 270,678 1 1 $52 198 Ngt Rgcèlpts I IPaymentsl for the Year 5,949 105400 Cash Fund5 al 12 December 2023 79.488 252,447 331,935 226.535 Cash Fun(J5 al 12 December 2024 73,539 344,031 417,570 331,935
HOSPITAL OF ST MARY MAGDALEN KIA THE CHRISTCHURCH MAGDALEN TRUST CHARITY COMMISSION NUMBER 236722 FOR THE YEAR ENDED 12 DECEMBER 2024 B Ststement of Assets and Liabilities 2024 2023 Cash Funds Bank and cash balance Bank Account Cash held within invesrmenl portfolrj 81,954 335,616 87,984 243,951 Total Cash Funds 417.570 331,935 Investment Assets 2024 2024 Cost Valuation 2023 2023 Cost Valuation Permanent Endowment Property FehOldIand and buildings hely as an invg$imenl to provide income for the Charity 43 and 47 Barrack Road. Christehurch IBolh properties are maintsined In an appropriate rnannerl (The original eosi ol these propert*s Is not easily altainabie as they have been held for many years.) (The buil(Jin9s We lasl revalued in May 20201 785.000 785.000 Investment8 Mixtufe ol government stocks. man8ged ftjnds. sha$ In listed eemp8nles and cash lunds hela by stockbrokers 2,144.299 2.754,221 2,266.395 2,650,720 Non-permanent Endowment Invostment6 Mixture ol government siocks. man&Jed funds. shares in listed companies and cash lunds held by stockbrokers 419,134 580,498 390,459 548,431 2024 2023 Ll4bllltl¥¥ Examination Ftres Rent Deposiis held by Charity 1,836 750 1,836 Note: Rent tleposils above late to £750 lor 43A Barrack Road12023." £425 for 417 Barrack Road and £675 for 47A Barrack Road).
HOSPITAL OF ST IIIARY MAGDALEN KIA THE CHRISTCHURCH MAGDALEN TRUST CHARITY COMMISSION NUMBER 236722 FOR THE YEAR ENDED 12 DECEMBER 2024 C Notes to the Accounts The acujunts a wepared an a r1p1S and payments basis and comply v4ith the appropriate legal requirements. There were no related party Ir8n5actions in the year.