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||Page|
|---|---|
|Report ofthe Trustees and Strategic Report|1
— 11|
|Report ofthe Independent Auditors|12— 15|
|Statementof Financial Activities|16|
|Balance Sheet|17|
|Cash Flow Statement|18|
|Notes to the Cash Flow Statement|19|
|Notes to the Financial Statements|20—27|
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|Trustees||
|---|---|
|Mr C Barratt|Chair ofTrustees & Chair of Finance and Audit Committee|
|Ms C Dodwell|Deputy Chair and Chair of the Capital Developments Committee|
|Mr C Bridge|Chair of the Integrated Governance Committee|
|Mr RG Hammond|Chair of the Workforce and Remuneration Committee|
|Dr C S Ince||
|Mr L Marlow|Chair of the Finance and Audit Committee|
|Ms S Watson||
|Mr N Smillie|Appointed August2019|
|Mr A Appleton|Appointed April 2020|
|Mr MRPA Manning|Appointed December2020|
|Mr Suriwala|Resigned December2020|
|Key Management Personnel:||
|Ms C Nolan||
|Chief Executive Officer||
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|
fthegovernancefr
n them:|a|mework. In total t|here are five Boa|rd committees an|d these are the Di|rectorswho serv|
|---|---|---|---|---|---|---|
||I|Director|Integrated|Finance and|Capital|Workforce|
|Committees||Appointments|Governance|Audit|Development|and
Remuneration|
|Mr C Barratt||Chair|x|x||x|
|Mr C Bridge|||Chair|X|||
|Ms C Dodwell|||||Chair||
|Mr R G Hammond||X|||X|Chair|
|DrCSlnce||X|x||||
|Mr L Marlow||||Chair|X|x|
|Ms S Watson|||x||||
|Mr N Smillie|||x||||
|MrA Appleton|||||X||
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23rd September 2021
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|||2020|2019|
|---|---|---|---|
|||Unrestricted|Unrestricted|
|||funds|funds|
|||£|£|
||Notes|||
|INCOME||||
|Donations and legacies
Investmentincome|3
4|-
-|1,150
325|
|Incoming resources from charitable activities
Medical services provided
Other income|5|9826,734
64387|13,953,947
11,294|
|Total income||9,891,121|13,966,716|
|EXPENDITURE||||
|Charitable activities||||
|Medical services provided|6|10,797,843|13930,820|
|Total expenditure||10,797,843|13930,820|
|NET (EXPENDITURE)IINCOME||(906,722)|35,896|
|Total funds broughtforward||12,996,862|12,960,966|
|TOTAL FUNDS CARRIED FORWARD||12,090,140|12,996,862|
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||||2020|2019|
|---|---|---|---|---|
||||Unrestricted|Unrestricted|
||||funds|funds|
||Notes||£|£|
|FIXED ASSETS|||||
|Intangible assets
Tangible assets
Total Fixed Assets|13
14||26,076
12,423204
12,449,280|35568
12,808,865
12,844,433|
|CURRENTASSETS
Stocks
Debtors: amounts falling due within one year
Cashatbank|15
16||353,188
1,236,656
522,172|324,108
1,264,410
748,041|
||||2,112,016|2,336,559|
|CREDITORS|||||
|Amounts falling due within one year|17||(1,080,956)|(1,393930)|
|NET CURRENT ASSETS|||1,031,060|942,629|
|TOTAL ASSETS LESS CURRENT LIABILITIES|||13,480,340|13,787,062|
|CREDITORS|||||
|Amounts falling due aftermore than one year|18||(1,390,200)|(790,200)|
|NET ASSETS||-|12,090,140|12,996,862|
|FUNOS
Unrestricted funds|20||12,090,140|12,996,862|
|TOTAL FUNDS|||12,090,140|12,996862|
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|||2020|2019|
|---|---|---|---|
||Notes|£|£|
|Cash flow from operating activities||||
|Netcash (used in)/provided by operating activities|I|(597241)|699830|
|Cash flows from investing activities
Purchaseofintangibleassets
Purchase ofproperty, plant and equipment
Interest received||(7936)
(220,692)
-|(23,082)
(320,774)
325|
|Net cash used in investing activities||(228,628)|(343,531)|
|Cash flows from financing activities||||
|Loan drawn down in year||600,000|-|
|Net cash from investing activities||600,000||
|Change in cash and cash equivalents in the reporting period||(225,869)|356,299|
|Cash and cash equivalents at the beginning of the reporting||748,041|391,742|
|period||||
|Cash and cash equivalents at the end of the reporting|2|522,172|748,041|
|period||||
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||RECONCILIATION OF NET INCOME TO NET CASH INFLOW|FROM OPERATI|NG ACTIVIT|
|---|---|---|---|
|||2020|2019|
|||£|£|
||Net (expenditure)Iincomefor reporting period (as perthe|(906,722)|35896|
||statement offinancial activities)
Amortisation ofintangible assets
Depreciation charges
Interest received|17,428
530,537
-|21,929
491,682
(325)|
||(Increase)/decrease in stocks
Decrease/(increase) in debtors
(Decrease)/increase in creditors|(29,080)
27,369
(236773)|11,845
(65817)
204,620|
||Net cash provided by operating activities|(597,241)|699,830|
|2.|ANALYSIS OF CASH AND CASH EQUIVALENTS|||
|||2020|2019|
|||£|£|
||Cash|522,172|748,041|
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|NALYSIS OF CHANGES IN NET DEBT||||
|---|---|---|---|
||At||At31|
||1 January|Cash flow|December|
||2020||2020|
||£|£|£|
|Net cash:||||
|Cash at bank|748,041|(225,869)|522,172|
|Bank Loan due in greater than one year||(600,000)|(600,000)|
||748,041|(825,869)|(77,828)|
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|3.|DONATIONS AND LEGACIES|||
|---|---|---|---|
|||2020|2019|
|||£|£|
||Legacies and Donations|-|1,150|
|4.|INVESTMENT INCOME|||
|||2020|2019|
|||£|£|
||Bank interest|-|325|
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||||2020|2019|
|---|---|---|---|---|
||||£|£|
|Medical|services|provided|9,826,734|13,953,947|
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||Direct Medical|Supportcosts|Governance|Total|Total|
|---|---|---|---|---|---|
||costs|(see note 12)|Costs (see|2020|2019|
||(see note 7)
£|£|£
note 8)|£|£|
|Medical services|7,645,390|3,131,573|20,880|10,797,843|13,930,820|
|Provided||||||
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|DIRECT COSTS OF CHARITABLE ACTIVITIES|||
|---|---|---|
||2020|2019|
||£|£|
|Staffcosts|2,871,466|2,613,604|
|Direct medical costs|4,051,503|7,163,392|
|Insurance|333,167|267,707|
|Patient services|111,108|139,113|
|Medical Equipment Maintenance and Repair|278,146
7,645,390|308,280
10,492,096|
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|8.|GOVERNANCE COSTS|||
|---|---|---|---|
|||2020|2019|
|||£|£|
||Auditors’ remuneration|20,880|16,680|
|9.|NET (EXPENOITLJRE)IINCOME|||
||Net (experiditure)/iricome is stated afterchargirtg/(crediting):|||
|||2020|2019|
|||£|£|
||Auditor’s remuneration|20,880|16,680|
||Amortisation of intangibleassets
Depreciation of owned assets|17,428
530,537|21929
491,682|
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|STAFF COSTS AND THE COST OF KEY MANAGEME|NT PERSONNEL||
|---|---|---|
||2020|2019|
||£|£|
|Salaries and wages:
-
Nursing and otherclinical staff
-
Housekeeping, catering and maintenance
•
Management and administration|2,509,237
509,638
1,163,997
4,182,872|2,553798
515923
1,154994
4,224,715|
|Wage and salaries
Social security costs
Pension costs|3,781420
305739
95,713|3839,485
297,153
88,077|
||4,182,872|4,224,715|
|ithin the foll|owing range|
|---|---|
|2020|2019|
|Number|Number|
|1|1|
|Average number employed (including temporary staf|f):||
|---|---|---|
||2020|2019|
|Nursing and other clinical
Management, clerical and domestic|112
95
207|110
95
205|
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|Support costs incurred in the year in relation t|o charitable activities were as follo|ws:|
|---|---|---|
||2020|2019|
||£|£|
|Management
Finance|1,813,105
70,490|2,156,060
53,935|
|Information Technology
Property|305,652
942,327
3,131,573|278,499
933,550
3,422,044|
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|INTANGIBLE FIXED ASSETS||
|---|---|
||Total|
||Software|
||£|
|COST||
|Ati January2020|110,567|
|Additions|7936|
|At31 December2020|118503|
|DEPRECIATION||
|At 1 January 2020
Charge for year|74999
17,428|
|At 31 December2020|92,427|
|NET BOOK VALUE||
|At 31 December2020|26076|
|At31 December2019|35568|
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|TANGIBLE FIXED ASSETS|||||
|---|---|---|---|---|
||||Medical||
||||Equipment,||
||Freehold
land|Freehold
property|Fixtures,
Fittings,|T
I
o a|
||||Computer||
||||Equipment||
||£|£|£|£|
|COST|||||
|At 1 January 2020
Additions|3,366,366
-|8,796202
10116|3,163,026
134,760|15,325594
144876|
|At 31 December 2020|3366366|8806,318|3,297,786|15470,470|
|DEPRECIATION|||||
|At 1 January 2020
Chargeforyear|-
-|1,010,572
178,440|1,506,157
352,097|2516729
530,537|
|At 31 December 2020|-|1189,012|1,858,254|3047266|
|NET BOOK VALUE|||||
|At 31 December 2020
At 31 December 2019|3.366.366
3.366366|Z&3L
LZ|J22|J2Q
12.808.865|
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|STOCKS|||||
|---|---|---|---|---|
||||2020|2019|
||||£|£|
|Consumable
Pharmacy|medical|supplies|326,910
26278
353,188|304,059
20,049
324,108|
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|16.|DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|||
|---|---|---|---|
|||2020|2019|
|||£|£|
||Trade debtors|872562|1012375|
||Prepayments and accrued income|364094
1236656|252035
1264410|
|17.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|||
|||2020|2019|
|||£|£|
||Trade creditors|498,915|846,280|
||Social security and othertaxes
Accruals and deferred income|95,807
486,234|94,844
452,806|
|||1080,956|1.393930|
##
|||2020|2019|
|---|---|---|---|
|||£|£|
|CBILS
Lease|Loan (Note 19)
deposits|600,000
790,200
1,390,200|-
790,200
790200|
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|OVEMENT IN|FUNDS|||||||
|---|---|---|---|---|---|---|---|
||At
January
2020|Incoming
Resources|Resources
Expended|Funds
transferred|Gains
and
Losses||At
December
2020|
||£|£|£|£|£||£|
|Unrestricted||||||||
|funds
Generalfund
Total Funds|12,996,862
12,996862|9,891,121
9,891121|(10,797843)
(10.797,843)|-||-
-|12,090,140
12,090,140|
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|ANALYSIS OF RESERVES|||
|---|---|---|
||2020|2019|
||£|£|
|Total reserves|12,090,140|12,996,862|
|Less: Land and buildings|(10,406,598)|(11,151,996)|
|Add: Lease deposits relating to land and buildings
Freely available reserves|790200
2,473742|790200
2,635,066|
|FINANCIAL INSTRUMENTS|||
||2020|2019|
||£|£|
|Financial assets measured atamortised cost|1,428476|1,760,416|
|Financial liabilities measured at amortised cost|1,889,115|1,636,480|
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