REGISTERED CHARITY NUMBER: 527616
Report of the Trustees and
Financial Statements
for the Year Ended 31 March 2021
for
Foundation of Christ's Hospital at Lincoln
Foundation of Christ's Hospital at Lincoln
Contents of the Financial Statements for the year ended 31 March 2021
| Page | |
|---|---|
| Report of the Trustees | 1 to 5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 |
| Statement of Financial Position | 8 |
| Statement of Cash Flows | 9 |
| Notes to the Statement of Cash Flows | 10 |
| Notes to the Financial Statements | 11 to 19 |
| Detailed Statement of Financial Activities | 20 to 21 |
Foundation of Christ's Hospital at Lincoln
Report of the Trustees for the year ended 31 March 2021
The trustees present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
Governance
The charity is presently governed by a Charity Commission Scheme dated 2 August 1983 which amalgamated the previous charity of this name with a separate charity called The Lincoln School. The scheme number is L4-527 616/8.
Governors
The governors have served as stated on pages 4.
OBJECTIVES AND ACTIVITIES
Objectives and aims
In setting our objectives, governors have given careful consideration to The Charity Commission's general guidance on public benefit and in particular to its supplementary public benefit guidance on advancing education.
The charity's main objective is as follows:-
Subject to payment of the charity's administration and maintenance expenses, the income generated by the charity is devoted to the advancement of education for individuals, both while they are pupils at the Lincoln Christ's Hospital School and during further education up to the age of 25. This objective is achieved by providing grants, buildings, facilities and open spaces to both individuals and organisations.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The Foundation has donated sums of money totalling £1,000 to 2 students with individual awards valued at £500. A verification process confirmed that the requests were genuine and the aspirations realistic. The students used these funds for items of equipment, books and assistance with travel. The funding has allowed the pupil applicants to enhance their study experiences and helped to motivate them in their chosen fields of study.
With the dissolution of the Lincoln High School Old Girls Housing Association, the LCHS Foundation received an injection of restricted funds of £156,000 within the year. Two members of the legacy and grants committee were also members of Lincoln High School Old Girls Housing Association to provide continuity in satisfying the aims of the dissolved charity which is to provide grants for accommodation to students leaving Lincoln Christ's Hospital School as they enter further education.
Due to the timing of the year end a significant reduction on the investments had occurred in the prior year resulting in an overall deficit of £200,200, this year righted itself with a significant excess in net gains on investments amounting to £183,940. This has resulted in a surplus for the year of £339,013 and so had sufficient reserves to enable the charity to make grants to Lincoln Christ's Hospital School.
Page 1
Foundation of Christ's Hospital at Lincoln
Report of the Trustees
for the year ended 31 March 2021
FINANCIAL REVIEW
Reserves policy
The trustees believe that the charity is a viable going concern entity with free reserves of £153,224 (2020: £166,656) and sufficient operational reserves to cover essential costs being the Clerk's fees and Independent Examiner's fees which are annually in the region of £5,000 and £3,000 respectively.
The investment property was impaired last year owing to the Covid-19 pandemic and the Foundation agreed to a "rental holiday" on property which it owns in Scunthorpe.
The monies received from school lettings has been significantly affected in the period since March 2020 and therefore the donations being given by the Foundation to the school. The Trustees are confident that once the Covid-19 restrictions are relaxed this income will return to more normal levels.
THE GOVERNORS OF THE FOUNDATION OF CHRIST'S HOSPITAL AT LINCOLN
The governors of the above trust submit their annual report and accounts for the year ended 31 March 2021 and confirm that the financial statements comply with statutory requirements and the Charity Commission's Scheme.
The investment and donation income of the trust was £211,425 (2020: £186,366).
FUTURE PLANS
During the year ended 31 March 2021 the Trustees paid for maintenance work to the existing front hedge at the school. Professional plans have now been drawn up and approved by the Trustees in consultation with the school Headmaster to provide a brand-new boundary for the school premises.
In addition, a five-year building and maintenance plan is currently being formulated. Initially a surveyor's brief will be prepared by professional advisors to set out options for different levels of survey work and related costs.
It has been agreed to contribute £10,000 per annum for 8 years commencing autumn 2021 for the loan repayments of the sports hall roof.
A donation of £2,000 has also been agreed by the Trustees to be given to the school towards the establishment of a sensory garden.
The Charity Commission for England and Wales internal financial controls document for charities, recommends implementation of various policies for good governance. These have now been adopted by the Foundation to ensure that good practice prevails and that the charity's performance is reviewed on an annual basis.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Recruitment and appointment of new governors/trustees
New trustees are either nominated or co-opted in line with the charity's constitution. New trustees are encouraged to access various online training resources.
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Foundation of Christ's Hospital at Lincoln
Report of the Trustees for the year ended 31 March 2021
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 527616
Principal address
Wragby Road LINCOLN Lincolnshire LN2 4PN
Trustees
Mr A Jones Mr A Mills Mr C Pickering Mr J Hanrahan Mr P Harrod Mr D Gibbons Mrs J Daly (appointed 12.11.20)
Independent Examiner
Mrs Emma Murray FCA ICAEW Nicholsons Chartered Accountants Newland House The Point Weaver Road LINCOLN Lincolnshire LN6 3QN
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Foundation of Christ's Hospital at Lincoln
Report of the Trustees for the year ended 31 March 2021
REFERENCE AND ADMINISTRATIVE DETAILS GOVERNORS Chair : Mr A Jones Acting Chair: Mrs J Daly Vice Chairmen : Mr A Mills Mr D Gibbons Mr S Holt - Appointed 24.03.2021 Mr P M F Harrod Mr J Hanrahan Mr C Pickering Revd Canon J Patrick Mr C Milnes - Appointed 24.11.2020 Mr M Edgar - Appointed 24.11.2020 Mr S Parkes - Appointed 24.03.2021 Co-optative : Mrs D M Scammell - Resigned 20.11.2020 Mr J Males Mrs J Daly Miss L Sellers - Resigned 25.11.2020 Clerks Address: Mrs L Martin c/o Lincoln Christ's Hospital School Wragby Road LINCOLN LincolnshireLN2 4PN
Investment Advisers
Investec Wealth & Investment Limited Quayside House Canal Wharf LEEDS LS11 5PV
M&G Group Laurence Pountney Hill LONDON EC4R 0HH
CORRESPONDENCE
Enquiries should be addressed to Mrs Lynda Martin, c/o Lincoln Christ's Hospital School, Wragby Road, Lincoln LN2 4PN.
Page 4
Foundation of Christ's Hospital at Lincoln
Report of the Trustees for the year ended 31 March 2021
Approved by order of the board of trustees on 21 September 2021 and signed on its behalf by:
Mrs J Daly - Trustee
Page 5
Independent Examiner's Report to the Trustees of Foundation of Christ's Hospital at Lincoln
Independent examiner's report to the trustees of Foundation of Christ's Hospital at Lincoln
I report to the charity trustees on my examination of the accounts of Foundation of Christ's Hospital at Lincoln (the Trust) for the year ended 31 March 2021.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mrs Emma Murray FCA ICAEW Nicholsons Chartered Accountants Newland House The Point Weaver Road LINCOLN Lincolnshire LN6 3QN
27 September 2021
Page 6
Foundation of Christ's Hospital at Lincoln
Statement of Financial Activities for the year ended 31 March 2021
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Investment income 3 Other income 4 Total EXPENDITURE ON Raising funds 5 Charitable activities 6 Charitable activities Total Net gains/(losses) on investments NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ 97 17,864 37,464 55,425 16,081 40,731 56,812 183,940 182,553 1,422,113 1,604,666 |
Restricted funds £ 156,000 - - 156,000 - - - - 156,000 8,083 164,083 |
2021 Total funds £ 156,097 17,864 37,464 211,425 16,081 40,731 56,812 183,940 338,553 1,430,196 1,768,749 |
2020 Total funds £ 117,436 20,968 47,962 186,366 13,117 141,817 154,934 (231,632) (200,200) 1,630,396 1,430,196 |
|---|---|---|---|---|
The notes form part of these financial statements
Page 7
Foundation of Christ's Hospital at Lincoln
Statement of Financial Position 31 March 2021
| Notes FIXED ASSETS Tangible assets 10 Investments Investments 11 Investment property 12 CURRENT ASSETS Debtors 13 Cash at bank CREDITORS Amounts falling due within one year 14 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 15 Unrestricted funds Restricted funds TOTAL FUNDS |
Unrestricted fund £ 62,430 989,472 400,000 1,451,902 5,895 170,548 176,443 (23,679) 152,764 1,604,666 1,604,666 |
Restricted funds £ - - - - - 164,083 164,083 - 164,083 164,083 164,083 |
2021 Total funds £ 62,430 989,472 400,000 1,451,902 5,895 334,631 340,526 (23,679) 316,847 1,768,749 1,768,749 1,604,666 164,083 1,768,749 |
2020 Total funds £ 62,430 793,027 400,000 1,255,457 13,780 183,874 197,654 (22,915) 174,739 1,430,196 1,430,196 1,422,113 8,083 1,430,196 |
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 21 September 2021 and were signed on its behalf by:
Mrs J Daly - Trustee
The notes form part of these financial statements
Page 8
Foundation of Christ's Hospital at Lincoln
Statement of Cash Flows for the year ended 31 March 2021
| Notes Cash flows from operating activities Cash generated from operations 1 Net cash provided by operating activities Cash flows from investing activities Purchase of fixed asset investments Sale of fixed asset investments Interest received Net cash used in investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
2021 £ 163,245 163,245 (210,962) 198,457 17 (12,488) 150,757 183,874 334,631 |
2020 £ 34,655 34,655 (221,490) 153,281 35 (68,174) (33,519) 217,393 183,874 |
|---|---|---|
The notes form part of these financial statements
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Foundation of Christ's Hospital at Lincoln
Notes to the Statement of Cash Flows
for the year ended 31 March 2021
1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES
| ACTIVITIES | ||
|---|---|---|
| Net income/(expenditure) for the reporting period (as per the Statement of Financial Activities) Adjustments for: (Gain)/losses on investments Interest received Decrease in debtors Increase in creditors Net cash provided by operations |
2021 £ 338,553 (183,940) (17) 7,885 764 163,245 |
2020 £ (200,200) 231,632 (35) 3,231 27 |
| 34,655 |
2. ANALYSIS OF CHANGES IN NET FUNDS
| At 1.4.20 | Cash flow | At 31.3.21 | |
|---|---|---|---|
| £ | £ | £ | |
| Net cash | |||
| Cash at bank | 183,874 | 150,757 | 334,631 |
| 183,874 | 150,757 | 334,631 | |
| Total | 183,874 | 150,757 | 334,631 |
The notes form part of these financial statements
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Foundation of Christ's Hospital at Lincoln
Notes to the Financial Statements for the year ended 31 March 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Income is taken into credit by reference to the date of payment of dividends or the date on which interest is credited to Trust deposits. No credit is taken for dividends or interest accruing.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Fixed asset investments
Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at fair value as at the balance sheet date using the closing quoted market price. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year.
The main form of financial risk faced by the charity is that of volatility in equity markets and investment markets due to wider economic conditions, the attitude of investors to investment risk and changes in sentiment concerning equities and within particular sectors or sub sectors.
Tangible fixed assets
Tangible Fixed Assets are recorded at cost or, in the events of goods being donated, at valuation at the time of acquisition.
Investment property
Investment property is shown at fair value. Any changes to the fair value are included within the Statement of Financial Activities.
Taxation
The charity is exempt from tax on its charitable activities.
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Foundation of Christ's Hospital at Lincoln
Notes to the Financial Statements - continued for the year ended 31 March 2021
1. ACCOUNTING POLICIES - continued
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Value added tax
The charity is registered for VAT and the financial statements are therefore net of value added tax where applicable.
Operating Lease
Rentals payable and receivable under operating leases are charged in the statement of financial activity on a straight line basis over the lease term.
2. DONATIONS AND LEGACIES
Donation income in the year amounted to £156,097 (2020 : £117,436).
3.
INVESTMENT INCOME
| Income from investments Deposit account interest |
2021 £ 17,847 17 17,864 |
2020 £ 20,933 35 |
|---|---|---|
| 20,968 |
4. OTHER INCOME
Other income relates to rents received on investment properties, this amounts to £37,464 (2020: £47,962).
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Foundation of Christ's Hospital at Lincoln
Notes to the Financial Statements - continued for the year ended 31 March 2021
5. RAISING FUNDS
Investment management costs
| 2021 £ Rental expenses 7,486 Property repairs - 7,486 6. CHARITABLE ACTIVITIES COSTS Grant funding of activities Support Direct (see note costs (see Costs 7) note 8) £ £ £ Charitable activities 4,598 11,296 24,837 7. GRANTS PAYABLE 2021 £ Charitable activities 11,296 Donations payable to institutions during the year amounted to £11,296 (2020: £121,499). 8. SUPPORT COSTS Governance Finance Other costs £ £ £ Charitable activities 11,206 9,307 4,324 |
2020 £ 4,774 8,343 13,117 Totals £ 40,731 2020 £ 121,499 |
2020 £ 4,774 8,343 |
|---|---|---|
| 13,117 | ||
| Totals £ 40,731 |
||
| Totals £ 24,837 |
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Foundation of Christ's Hospital at Lincoln
Notes to the Financial Statements - continued for the year ended 31 March 2021
8. SUPPORT COSTS - continued
Support costs, included in the above, are as follows:
Finance
| 2021 Charitable activities £ Investment manager fees 11,206 Other 2021 Charitable activities £ Archivists 9,307 Governance costs 2021 Charitable activities £ Independent examiner fee 2,620 Auditors' remuneration for non audit work 984 Legal fees 720 4,324 |
2020 Total activities £ 11,094 2020 Total activities £ 4,821 2020 Total activities £ 1,980 - - 1,980 |
|---|---|
9. TRUSTEES' REMUNERATION AND BENEFITS
None of the trustees received any remuneration or other benefits for the year ended 31 March 2021 nor the year ended 31 March 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
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Foundation of Christ's Hospital at Lincoln
Notes to the Financial Statements - continued for the year ended 31 March 2021
10. TANGIBLE FIXED ASSETS
| COST At 1 April 2020 and 31 March 2021 NET BOOK VALUE At 31 March 2021 At 31 March 2020 |
School premises £ 62,430 62,430 62,430 |
|---|---|
The land represents the school premises at Wragby Road, Lincoln. This is a listed building dating from 1907. Along with more recent additions, it is inspected periodically on behalf of the governors by architects and surveyors.
11. FIXED ASSET INVESTMENTS
| Listed | |
|---|---|
| investments | |
| £ | |
| MARKET VALUE | |
| At 1 April 2020 | 793,027 |
| Additions | 210,962 |
| Disposals | (198,457) |
| Revaluations | 183,940 |
| At 31 March 2021 | 989,472 |
| NET BOOK VALUE | |
| At 31 March 2021 | 989,472 |
| At 31 March 2020 | 793,027 |
There were no investment assets outside the UK.
Cost or valuation at 31 March 2021 is represented by:
| Listed | ||
|---|---|---|
| investments | ||
| £ | ||
| Valuation in | 2021 | 183,940 |
| Cost | 805,532 | |
| 989,472 |
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Foundation of Christ's Hospital at Lincoln
Notes to the Financial Statements - continued for the year ended 31 March 2021
12. INVESTMENT PROPERTY
| INVESTMENT PROPERTY | |
|---|---|
| FAIR VALUE At 1 April 2020 and 31 March 2021 NET BOOK VALUE At 31 March 2021 At 31 March 2020 |
£ 400,000 |
| 400,000 | |
| 400,000 |
During the period the investment properties were let or available for let under operating leases. The amounts due under these leases are as follows:
| Within one year Between one and five years |
£ 50,000 147,500 |
|---|---|
| £197,500 |
The investment property was valued in 2019 at an amount of £520,000 on an open market basis, However due to the ongoing pandemic affecting the general economy and investment properties as a whole, the Trustees, with the advice of a local property expert consider this value to be impaired. As such a valuation of £400,000 has been included within the financial statements, Had this property not been impaired the cost of the investment property would have been £501,857.
13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|
| Trade debtors Prepayments |
2021 £ - 5,895 5,895 |
2020 £ 8,595 5,185 |
| 13,780 |
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Foundation of Christ's Hospital at Lincoln
Notes to the Financial Statements - continued for the year ended 31 March 2021
14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| VAT Accruals and deferred income MOVEMENT IN FUNDS At 1.4.20 £ Unrestricted funds General fund 1,422,113 Restricted funds Legacy monies 8,083 Lincoln High School - 8,083 TOTAL FUNDS 1,430,196 Net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 55,425 (56,812) Restricted funds Lincoln High School 156,000 - TOTAL FUNDS 211,425 (56,812) |
2021 £ 2,284 21,395 23,679 Net movement in funds £ 182,553 - 156,000 156,000 338,553 Gains and losses £ 183,940 - 183,940 |
2020 £ 2,559 20,356 22,915 At 31.3.21 £ 1,604,666 8,083 156,000 164,083 1,768,749 Movement in funds £ 182,553 156,000 338,553 |
|
|---|---|---|---|
15. MOVEMENT IN FUNDS
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Foundation of Christ's Hospital at Lincoln
Notes to the Financial Statements - continued for the year ended 31 March 2021
15. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net movement At 1.4.19 in funds £ £ Unrestricted funds General fund 1,621,393 (199,280) Restricted funds Legacy monies 9,003 (920) TOTAL FUNDS 1,630,396 (200,200) Comparative net movement in funds, included in the above are as follows: Incoming Resources Gains and resources expended losses £ £ £ Unrestricted funds General fund 186,366 (154,014) (231,632) Restricted funds Legacy monies - (920) - TOTAL FUNDS 186,366 (154,934) (231,632) A current year 12 months and prior year 12 months combined position is as follows: Net movement At 1.4.19 in funds £ £ Unrestricted funds General fund 1,621,393 (16,727) Restricted funds Legacy monies 9,003 (920) Lincoln High School - 156,000 9,003 155,080 TOTAL FUNDS 1,630,396 138,353 |
At 31.3.20 £ 1,422,113 8,083 1,430,196 Movement in funds £ (199,280) (920) (200,200) At 31.3.21 £ 1,604,666 8,083 156,000 164,083 1,768,749 |
|---|---|
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Foundation of Christ's Hospital at Lincoln
Notes to the Financial Statements - continued for the year ended 31 March 2021
15. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Legacy monies Lincoln High School TOTAL FUNDS |
Incoming resources £ 241,791 - 156,000 156,000 397,791 |
Resources expended £ (210,826) (920) - (920) (211,746) |
Gains and Movement losses in funds £ £ (47,692) (16,727) - (920) - 156,000 - 155,080 (47,692) 138,353 |
|---|---|---|---|
Legacy Monies
This fund holds resources for the purpose of providing grants to pupils and ex pupils in specialised areas.
Lincoln High School
An amount of £156,000 was donated in the year. This money is to provide grants for accommodation, to students leaving Lincoln Christ’s Hospital school, as they enter further education.
16. RELATED PARTY DISCLOSURES
During the year ended 31 March 2021 there were various transactions with Lincoln Christ's Hospital School, a related party.
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Foundation of Christ's Hospital at Lincoln
| Detailed Statement of Financial Activities for the year ended 31 March 2021 INCOME AND ENDOWMENTS Donations and legacies Donations Investment income Income from investments Deposit account interest Other income Rents Total incoming resources EXPENDITURE Other trading activities Bad debts Investment management costs Rental expenses Property repairs Charitable activities Clerks honorarium Donations Support costs Finance Investment manager fees Other Archivists Governance costs Independent examiner fee Carried forward |
2021 £ 156,097 17,847 17 17,864 37,464 211,425 8,595 7,486 - 7,486 4,598 11,296 15,894 11,206 9,307 2,620 2,620 |
2020 £ 117,436 20,933 35 |
|---|---|---|
| 20,968 47,962 |
||
| 186,366 - 4,774 8,343 |
||
| 13,117 2,423 121,499 |
||
| 123,922 11,094 4,821 1,980 1,980 |
This page does not form part of the statutory financial statements
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Foundation of Christ's Hospital at Lincoln
Detailed Statement of Financial Activities for the year ended 31 March 2021
| Governance costs Brought forward Auditors' remuneration for non audit work Legal fees Total resources expended Net income before gains and losses Realised recognised gains and losses Realised gains/(losses) on fixed asset investments Realised gains/(losses) on investment property Net income/(expenditure) |
2021 £ 2,620 984 720 4,324 56,812 154,613 183,940 - 338,553 |
2020 £ 1,980 - - 1,980 154,934 31,432 (111,632) (120,000) (200,200) |
|---|---|---|
This page does not form part of the statutory financial statements
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