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|Reference and administrative
details ofthe Company,|Its Members ofthe Council|
|---|---|
|and advisers||
|Foreword from Chairman||
|Message from Chief Execudve||
|Members ofthe Council's report||
|Independent
auditor's
report on the financial statements||
|Statement ofgnanclal
activities||
|Balance sheet||
|Statement ofcash flows||
|Notes to the financial statements||
##
##
|REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITSMEMBERS OF THE COUNCIL|REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITSMEMBERS OF THE COUNCIL|REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITSMEMBERS OF THE COUNCIL|REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITSMEMBERS OF THE COUNCIL|REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITSMEMBERS OF THE COUNCIL|REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITSMEMBERS OF THE COUNCIL|
|---|---|---|---|---|---|
|||||AND ADVISERS||
|||FOR THE YEAR ENDED 31 MARCH 2022||||
|Members|ofthe Council|Mr L A Ponsonby",||Chairman||
|||Mr G P Candy'||||
|||Lady J Norman||||
|||Or H Van Oss||||
|||Mr R Mann||||
|||Mr MJWilkinson*||||
|||Mr P D Surge||||
|||Ms TWelford||||
|' member|ofthe Finance|Committee||||
|Company|registered|||||
|number||01989868||||
|Charity registered||||||
|number||293522||||
|Registered|oNce|4 Latimer Road||||
|||Headington||||
|||Oxford||||
|||OX3 TPF||||
|Non - executive officers||SirTimothy Stevenson,|||OBE, President|
|||Earl ofDonoughmore,|||Vice President|
|||Mrs S BSHomersham,|||Vice President|
|||Lady McLintock,|Vice President|||
|Key management||Mr R L Burden,|Chief Executive Officer|||
|personnel||Mrs VWaine, Matron||||
|||Mr A Mebrahtu,|Finance Manager and Company Secretary|||
|Independent
auditor||James Cowper|Kreston|||
|||Chartered
Accountants|||and Statutory Auditor|
|||2 Chawley Park||||
|||Cumnor
Hill||||
|||Oxford||||
|||Oxfordshire||||
|||OX2 9GG||||
|Bankers||Lloyds Bank Pic||||
|||PO Box8||||
|||1-5High Street||||
|||Oxford||||
|||OX14AA||||
|||HSBC Bank Pic||||
|||2nd Floor||||
|||Seacourt||||
|||West Way||||
|||Botley||||
|||Oxford||||
|||OX2 OPL||||
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|||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|funds|
|||||2022|2022|2022|2021|
||||Note|6||E|6|
|Income from:||||||||
|Donations
and legacies||||27,976|68,000|95,976|$5,937|
|Charitable
activities:||||||||
|Patient fees||||3,545,909||3,545,909|3,061,090|
|Rental income||||127,$83||127,883|9$,145|
|Coffee shop||||35,253||35,253|14,70$|
|Investments||||239||239|4,354|
|Other income||||14,366|86,477|100,843|221,224|
|Total income||||3,751,626|154,477|3906103|3485 45$|
|Expenditure
on:||||||||
|Charitable
activities||||3,630,417|98,338|3,728,755|3,742,031|
|Total expenditure||||3,630,417|9$,338|3,728,755|3,742,031|
|Net income/(expenditure)||before net||||||
|gains on investments||||121,209|56,139|177,348|(256,573)|
|Net gains on investments|||||||30,190|
|Net movement
in funds||||121,209|56,139|177,348|(226,363)|
|Reconciliation
offunds:||||||||
|Total funds brought|forward|||7,584,730||'7,584,730|7,611,113|
|Net movement
in funds||||121,209|56,139|177,34$|(226,383)|
|Total funds carried|forward|||7,705,939|56,139|7,762,078|7,584,730|
##
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||||BALANCE SHEET|BALANCE SHEET||||
|---|---|---|---|---|---|---|---|
||||AS AT 31 MARCH 2022|||||
||||||2022||2021|
||||Note||6||E|
|Fixed assets||||||||
|Tangible assets|||||10,211,127||10,403,204|
|Current assets||||||||
|Stocks|||12|11,600||11,600||
|Debtors|||13|208,922||113,486||
|Cash at bank and|in|hand||773,934||604,510||
|||||994,456||729,596||
|Creditors: amounts||falling due within one||||||
|year|||14|(606,668)||(551,672)||
|Net current assets|||||387,788||177,924|
|Total assets less|current liabilities||||10,598,915||10,581,128|
|Creditors; amounts||falling due after more||||||
|than one year|||15||(2,836,837)||(2,996,398)|
|Total net assets|||||7,762,078||7,584,730|
|Charity funds||||||||
|Restricted
funds|||16||56,139|||
|Unrestricted
funds||||||||
|General funds|||16|5,973,137||5,815,828||
|Revaluation
reserve|||16|1,732,802||1,768,902||
|Total unrestricted|funds||16||7,705,939||7,584,730|
|Total funds|||||7,762,078||7,584,730|
##
|||STATEMENT OF CASH FLOWS|STATEMENT OF CASH FLOWS||||
|---|---|---|---|---|---|---|
||FOR THE YEAR ENDED 31 MARCH|||2022|||
||||||2022|2021|
|||||Note|6|5|
|Cash flows from operating|activities||||||
|Net cash used
in operating|activities|||19|390,258|92,269|
|Cash flows from investing|activities||||||
|Investment
income|||||239|4,354|
|Withdrawal
from listed investments||||||483,253|
|Net cash provided
by investing
activities|||||239|487,607|
|Cash flows from financing|activities||||||
|Interest paid|||||(75,783)|(75,706)|
|Repayments
ofborrowlngs|||||(145,290)|(138,602)|
|Net cash used in financing|activities||||(221,073)|(214,308)|
|Change
in cash and cash|equivalents|in|the year||169,424|365,568|
|Cash and cash equivalents|at the beginning||ofthe year||604,510|238,942|
|Cash and cash equivalents|atthe end|of|the year|20|773,934|604,510|
|The notes on pages 18to 31form part ofthese financial statements|||||||
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|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2022|2022|2022|2021|
|||8|8|E|E|
|Other Income||5,484||5,484|40,390|
|Covid-1 9job retention scheme grant||8,882||8,882|122,905|
|Infection control grant|||85,234|85,234|43,943|
|TVWD partnership|grant||1,243|1,243|1,800|
|Google grant|||||12,186|
|||14,366|66,477|100,843|221,224|
|Total 2021||163,295|57,929|221,224||
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||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
||||2022f|2022
8|2022
6|2021
2|
|Patient services end facility||costs|3,154,974|98,338|3,253,312|3,229,970|
|Managing
and administration
governance)||costs (Induding|475,443||475,443|512,061|
||||3,630,417|98,338|3,728,755|3,742,031|
|Total2021|||3,684,102|57,929|3,742,031||
|Summary|by expenditure|type|||||
||||||Total|Total|
|---|---|---|---|---|---|---|
|||Staffcosts|Depreciation|Other costs|funds|funds|
|||2022
6|2022
6|2022
6|2022
f|2021
f|
|Patient services
costs|and fadlity|2,189,597|192,077|871,638|3,253,312|3,229,970|
|Managing
and administration
costs (including
governance)||314,466||160,977|475,443|512,061|
|||2,504,063|192,077|1,032,615|3,728,755|3,742,031|
|Total2021||2,545,602|192,077|1,004,352|3,742,031||
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||||||||2022||2021|
|---|---|---|---|---|---|---|---|---|---|
||||||||8||6|
|Nursing
services|||||||1,980,703|1,995,115||
|Medical supplies|||||||43,365||108,341|
|Non clinical services||including||catering and domestic|||709,113|628,251||
|Premises and|plant||||||300,107|278,199||
|Coffee shop|||||||27,947||27,987|
|Depreciation|||||||192,077||192,077|
||||||||3,253,312|3,229,970||
|Managing
and administration||||costs (including||governance)||||
||||||||2022||2021|
||||||||6||6|
|Salaries|||||||259,727|285,688||
|Finance costs|- other||||||2,193||2,146|
|Interest payable|||||||75,783||75,706|
|Insurance|||||||39,001||40,132|
|Office and administration|||costs||||91,173||90,949|
|Governance|||||||7,566||17,440|
||||||||475,443|512,061||
|Auditor's
remuneration||||||||||
|The auditor's
remuneration
amounts
financial statements
of82,700 (2021|||||to an auditor
-62,550).|fee ofE6,300 (2021 - E5,950), and preparation|||of the|
|Staffcosts||||||||||
||||||||2022||2021|
||||||||E||6|
|Wages and salaries|||||||2,247,658|2,279,015||
|Social security|costs||||||202,003|203,882||
|Pension costs|||||||54,402||62,705|
||||||||2,504,063|2,545,602||
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|The aver|age n|umber of per|sons emp|loy|ed
by t|he Compa|ny
duriing t|he year wa|s as follows:|s as follows:||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||2022||2021|
|||||||||||No.|No.|
|Patient services and facility|||costs|||||||81|64|
|Managing|and|administration|(induding||governance)|||||6|6|
||||||||||||90|
|The
number||of employees|whose|employee||benefits|(excluding|employer|pension|costs)|exceeded|
|660,000|was;|||||||||||
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|Stocks|||
|---|---|---|
||2022|2021|
||6|6|
|Food and provisions|7,000|7,000|
|Domestic items|4,600|4,600|
||11,600|11,600|
##
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|13.|Debtors|||||
|---|---|---|---|---|---|
|||||2022|2021|
|||||6|E|
||Trade debtors|||198,796|108,064|
||Other debtors|||6,818|610|
||Prepayments|and accrued Income||3@08|4,812|
|||||208,922|113,486|
|14.|Creditors: Amounts||faglng due within one year|||
|||||2022|2021|
|||||6|2|
||Bank loans|||179,271|165,000|
||Trade creditors|||15,776|43,264|
||Other taxation|and social security||48,539|49,675|
||Other creditors|||102,522|127,727|
||Accruals and|defened|income|260,560|166,006|
|||||606,668|551,672|
|15.|Creditors: Amounts|faglng due after more than one year|||
|---|---|---|---|---|
||||2022|2021|
||||6|6|
||Bank loans||2,836,837|2,996,398|
||The bank loan is secured against the property at 4 Latimer Road, Headlngton,||OX37PF.||
##
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||||||Balance at|
|---|---|---|---|---|---|
|||Balance at 1|||31 Nlarch|
|||April 2021
6|Income
6|Expenditure
5|2022
6|
|Unrestricted
funds||||||
|General funds||5,815,828|3,751,626|(3,594,317)|5,973,137|
|Revaluation
reserve||1,768,902||(36,100)|1,732,802|
|||7,584,730|3,751,626|(3,630,417)|7,705,939|
|Restricted funds||||||
|Infection control grant|||85,234|(85,234)||
|TVWD partnership|grant||1,243|(1,243)||
|Development
fund|||68,000|(11,861)|56,139|
||||154,477|(98,338)|56,139|
|Total offunds||7,584,730|3,906,103|(3,728,755)|7,762,078|
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||||||||Balance at|
|---|---|---|---|---|---|---|---|
|||Balance at|||Transfers|Gains/|31 March|
|||1 Apr8 2020f|Income
6|Expenditure
f|in/out
6|(Losses)
8|2021
6|
|Unrestricted||||||||
|funds||||||||
|General funds||5,914.198|3,427,529|(3,684,102)|128,013|30,190|5,815,828|
|Revaluation
mserve||1,805,002|||(36,100)||1,768,902|
|||7,719,200|3,427,529|(3,684,102)|91,913|30,190|7,584.730|
|Restricted||||||||
|funds||||||||
|Building project||91,913|||(91,913)|||
|Google grant|||12,186|(12,186)||||
|Infection control||||||||
|grant|||43,943|(43,943)||||
|TVWD||||||||
|partnership|grant||1,800|(1,800)||||
|||91,913|57,929|(57,929)|(91.913)|||
|Total offunds||7,811,113|3,485,458|(3,742,031)||30,190|7,584,730|
|Summary offunds -current y|ear||||
|---|---|---|---|---|
|||||Balance at|
||Balance at 1|||31March|
||April 2021f|Income
6|Expenditure
6|2022
6|
|General funds|7,584,730|3,751,626|(3,630,417)|7,705,939|
|Restricted funds||154,477|(98,338)|56,139|
||7,584,730|3,906,103|(3,728,755)|7,762,078|
##
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||Balance at
1 April 2020
8|Income
8|Expenditure
f|Transfers
in/out
8|Gains/
(Losses)f|Balance at
31 March
2021
8|
|---|---|---|---|---|---|---|
|General funds|7,719,200|3,427,529|(3,684,102)|91,913|30,190|7,584,730|
|Restricted funds|91,913|57,929|(57,929)|(91,913)|||
||7,811,113|3,485,458|(3,742,031)||30,190|7,584,730|
##
|Analysis ofnet assets between funds -current year||||
|---|---|---|---|
||Unrestricted|Restricted|Total|
||funds|funds|funds|
||2022|2022|2022|
||8|6|8|
|Tangible fixed assets|10,211,127||10,211,127|
|Current assets|938,317|56,139|994,456|
|Creditors due within one year|(606,668)||(606,668)|
|Creditors due in more than one year|(2,836,837)||(2,838,837)|
|Total|7,705,939|56,139|7,762,078|
|Analysis ofnet assets between funds -prior year||||
|||Unrestricted|Total|
|||funds|funds|
|||2021|2021|
|||8|5|
|Tangible fixed assets||10,403,204|10,403,204|
|Current assets||729,596|729,596|
|Creditors due within one year||(551,672)|(551,672)|
|Creditors due in more than one year||(2,996,398)|(2,996,398)|
|Total||7,584,730|7,584,730|
##
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|19.|Reconciliation
of|ne|t|mo|vement|in fun|ds to|net|cash flow|from operating|activities||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||2022|2021|
||||||||||||6|6|
||Net
income/expenditure
Activities)||||for the|year|(as|per|Statement|of Financial|177,348|(226,383)|
||Adjustments
for:||||||||||||
||Depreciation
charges||||||||||192,077|192,078|
||Investment
income||||||||||(239)|(4,354)|
||Gains on investments|||||||||||(30,190)|
||Interest paid||||||||||75,783|75,706|
||Decrease/(increase)||in|debtors|||||||(95,436)|49,805|
||Increase
in creditors||||||||||40,725|41,366|
||Other movements|in|investments|||||||||(5,759)|
||Net cash provldcd||by|operating||activities|||||390,258|92,269|
|20.|Analysis ofcash|and||cash equivalents|||||||||
||||||||||||2022
6|2021f|
||Cash in hand||||||||||773,934|604,510|
||Total cash and cash|||equivalents|||||||773,934|604,510|
|21.|Analysis ofchanges|||In|net debt||||||||
|||||||||||At 1 April||At 31 March|
|||||||||||2021|Cash flows|2022|
||||||||||||6|6|
||Cash at bank and|in hand||||||||604,510|169,424|773,934|
||Debt due within
1|year||||||||(165,000)|(14,271)|(179,271)|
||Debt due after 1year|||||||||(2,996,398)|159,561|(2,836,837)|
|||||||||||(2g56,888)|314,714|(2,242,174)|
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