REGISTERED CHARITY NUMBER: 527616
Report of the Trustees and
Financial Statements
for the Year Ended 31 March 2023
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 2023
| 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 2023
The trustees present their report with the financial statements of the charity for the year ended 31 March 2023. 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.
Page 1
Foundation of Christ's Hospital at Lincoln
Report of the Trustees for the year ended 31 March 2023
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The Foundation continues to support the school to preserve and enhance the fabric of the school as part of the 5 Year Maintenance Plan (Conditions Survey Report) which set out the options of building works and ongoing maintenance activities for the school premises. Priorities were agreed between the Schools Estates and Facilities team (this number was a 50% contribution to the costs, the remainder coming from the schools' own budget). The main items included the replacement of an attractive and secure fencing solution surrounding the school boundaries, various replacement flooring projects throughout the school, creation of a sensory garden and lead flashing to roofing areas.
The top playing field has now been registered with possessory title now held by The Foundation.
All internal financial control documents and good governance policies recommended by The Charity Commission for England and Wales have been implemented and are reviewed on an annual basis.
The LCHS@50 sub-committee to celebrate the 50th anniversary of the non-selective schools' formation in 2024 is making strong progress with the creation of a new digital archive (to be called 'The Behenna Archive' after its first headteacher) and a celebratory weekend of activities is currently being formalised.
A visit was undertaken by the Governors and Trustees to the Bodleain library to view the book and manuscript donations bestowed.
The Foundation donated sums of money totalling £12,000 (an increase from 2022) to students. A verification and grants policy protocol confirmed that the requests were genuine and the aspirations realistic. The students used these funds for a variety of reasons, mainly for items of equipment, books and travel assistance related to their ongoing studies. This funding has greatly assisted the applicant students during a rising cost of living period to enhance their educational experiences and motivated them in their chosen study fields.
The school archivist funded by The Foundation prepared various occasional papers and presentations to the public throughout this accounting period with the archives being regularly opened for public access.
The Foundation undertook an independent review of their portfolio held with Investec Wealth & Investment Limited which resulted in a significant reduction in the annual fee payment.
FINANCIAL REVIEW
Investment policy and objectives
The objective of the Foundation's financial plans are to have a well balanced, medium risk portfolio. This has been well managed over the last twelve months and the strong equity market performance which has been replicated to a lesser degree in bond markets has served the Foundations investments well. Our portfolio weighting by asset class is as follows : 17.4% Fixed Interest, 19.4% UK Equity, 42.8% International Equity, 5.2% UK Property, Alternative Investments 14% and cash 1.3%. This portfolio with returns and the risk policy are reviewed on a quarterly basis by the Finance Committee.
Reserves policy
The trustees believe that the charity is a viable going concern with free reserves of £99,006 (2022: £137,661) and sufficient operational reserves to cover essential costs being the Clerks' fees, archivist's fees and Independent Examiner's fees which are annually in the region of £6,000, £5,000 and £4,500 respectively.
Changes of tenants in the investment property in Scunthorpe has occurred with rental income now being received.
Page 2
Foundation of Christ's Hospital at Lincoln
Report of the Trustees for the year ended 31 March 2023
FINANCIAL REVIEW 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 2023 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 £115,709 (2022: £101,197) the donations returned to a more normal level following the previous years one off large donation.
FUTURE PLANS
The Foundation now have their full quota of Governors and Members on the School Governing Body (in fact The Foundation now has the majority share of governors and thus has full control) and this will undoubtedly assist with the upcoming OFSTED visit and other strategic school matters.
The Foundation due to the generally worsening economic conditions will set a threshold on their accounts (ie. will not go below certain minimum balances) in order that the charity can continue in aeternum.
The Foundation has a succession plan in place to replace existing trustees with various rotational and retirement trustees looming which is required to share the workload to run The Foundation effectively.
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.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
527616
Principal address
Wragby Road LINCOLN Lincolnshire LN2 4PN
Page 3
Foundation of Christ's Hospital at Lincoln
Report of the Trustees for the year ended 31 March 2023
Trustees
Mr A Mills Mr C Pickering Mr J Hanrahan Mr P Harrod Mr D Gibbons Mrs J Daly Mr S Holt Ms N Clarke Mr P Beighton Mr C Milnes Mr J Males
Independent Examiner
Mr Steven Robinson ACA Nicholsons Chartered Accountants Newland House The Point Weaver Road LINCOLN Lincolnshire LN6 3QN
GOVERNORS
| GOVERNORS | |
|---|---|
| Chair: | Mr S Holt |
| Vice Chair: | Mr M Edgar |
| Governors: | Mrs J Daly |
| Mr A Mills | |
| Mr C Pickering | |
| Mr P Harrod | |
| Mr D Gibbons | |
| Mr C Milnes | |
| Mr J Males | |
| Mr P Beighton | |
| Mr S Parkes | |
| Mr J Hanrahan | |
| Mr P Watson | |
| Mr N Potter | |
| Cllr N Clarke | |
| Co-optative : | Mrs J Daly |
| Mr J Males | |
| Clerks Address: | Mrs L Martin |
| c/o Lincoln Christ's Hospital School | |
| Wragby Road | |
| LINCOLN | |
| Lincolnshire | |
| LN2 4PN |
Page 4
Foundation of Christ's Hospital at Lincoln
Report of the Trustees for the year ended 31 March 2023
REFERENCE AND ADMINISTRATIVE DETAILS
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.
Approved by order of the board of trustees on 29 November 2023 and signed on its behalf by:
Mr S Holt - 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 2023.
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 2. 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.
Mr Steven Robinson ACA
Nicholsons Chartered Accountants Newland House The Point Weaver Road LINCOLN Lincolnshire LN6 3QN
5 December 2023
Page 6
Foundation of Christ's Hospital at Lincoln
Statement of Financial Activities for the year ended 31 March 2023
| 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 £ - 40,721 74,988 115,709 4,245 77,646 81,891 (87,350) (53,532) 1,726,816 1,673,284 |
Restricted funds £ - - - - - - - - - 164,083 164,083 |
2023 Total funds £ - 40,721 74,988 115,709 4,245 77,646 81,891 (87,350) (53,532) 1,890,899 1,837,367 |
2022 Total funds £ 11,895 18,530 70,772 |
|---|---|---|---|---|
| 101,197 | ||||
| 14,472 37,529 |
||||
| 52,001 | ||||
| 72,954 | ||||
| 122,150 1,768,749 |
||||
| 1,890,899 |
The notes form part of these financial statements
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Foundation of Christ's Hospital at Lincoln
Statement of Financial Position 31 March 2023
| 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 1,111,848 400,000 1,574,278 12,630 110,649 123,279 (24,273) 99,006 1,673,284 1,673,284 |
Restricted funds £ - 156,000 - 156,000 - 8,083 8,083 - 8,083 164,083 164,083 |
2023 Total funds £ 62,430 1,267,848 400,000 1,730,278 12,630 118,732 131,362 (24,273) 107,089 1,837,367 1,837,367 1,673,284 164,083 1,837,367 |
2022 Total funds £ 62,430 1,282,725 400,000 1,745,155 14,365 156,201 170,566 (24,822) 145,744 1,890,899 1,890,899 1,726,816 164,083 1,890,899 |
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 29 November 2023 and were signed on its behalf by:
Mr S Holt - 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 2023
| 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 |
2023 £ 34,861 34,861 (131,623) 59,150 143 (72,330) (37,469) 156,201 118,732 |
2022 £ 41,866 41,866 (291,776) 71,477 3 (220,296) (178,430) 334,631 156,201 |
|---|---|---|
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 2023
1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
| OPERATING ACTIVITIES | ||
|---|---|---|
| Net (expenditure)/income for the reporting period (as per the Statement of Financial Activities) Adjustments for: Losses/(gain) on investments Interest received Decrease/(increase) in debtors (Decrease)/increase in creditors Net cash provided by operations |
2023 2022 £ £ (53,532) 122,150 87,350 (72,954) (143) (3) 1,735 (8,470) (549) 1,143 34,861 41,866 |
|
| 41,866 |
2. ANALYSIS OF CHANGES IN NET FUNDS
| Net cash Cash at bank Total |
At 1.4.22 Cash flow At 31.3.23 £ £ £ 156,201 (37,469) 118,732 156,201 (37,469) 118,732 156,201 (37,469) 118,732 |
At 1.4.22 Cash flow At 31.3.23 £ £ £ 156,201 (37,469) 118,732 156,201 (37,469) 118,732 156,201 (37,469) 118,732 |
|---|---|---|
| 118,732 | ||
| 118,732 |
The notes form part of these financial statements
Page 10
Foundation of Christ's Hospital at Lincoln
Notes to the Financial Statements
for the year ended 31 March 2023
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 2023
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 receivable under operating leases are credited 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 £NIL (2022 : £11,895).
3. INVESTMENT INCOME
| Income from investments Deposit account interest |
2023 £ 40,578 143 40,721 |
2022 £ 18,527 3 |
|---|---|---|
| 18,530 |
4. OTHER INCOME
Other income relates to rents received on investment properties, this amounts to £74,988 (2022: £70,772).
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Foundation of Christ's Hospital at Lincoln
Notes to the Financial Statements - continued for the year ended 31 March 2023
5. RAISING FUNDS
| Investment management costs 2023 £ Rental expenses 3,765 Property repairs 480 4,245 6. CHARITABLE ACTIVITIES COSTS Grant funding of activities Support Direct (see note costs (see Costs 7) note 8) £ £ £ Charitable activities 5,724 47,002 24,920 7. GRANTS PAYABLE 2023 £ Charitable activities 47,002 Donations payable to institutions during the year amounted to £35,002 (2022: £19,502). 8. SUPPORT COSTS Governance Finance Other costs £ £ £ Charitable activities 14,724 4,821 5,375 |
2022 £ 10,813 3,659 |
|---|---|
| 14,472 | |
| Totals £ 77,646 |
|
| 2022 £ 19,502 |
|
| Totals £ 24,920 |
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Foundation of Christ's Hospital at Lincoln
Notes to the Financial Statements - continued for the year ended 31 March 2023
8. SUPPORT COSTS - continued
Support costs, included in the above, are as follows:
| Finance 2023 Charitable activities £ Investment manager fees 14,724 Other 2023 Charitable activities £ Archivists 4,821 Governance costs 2023 Charitable activities £ Independent examiner fee 3,000 Accountants' remuneration 1,810 Legal fees 565 5,375 |
2022 Total activities £ 12,830 2022 Total activities £ (66) 2022 Total activities £ 2,620 1,398 (160) 3,858 |
|---|---|
9. TRUSTEES' REMUNERATION AND BENEFITS
None of the trustees received any remuneration or other benefits for the year ended 31 March 2023 nor the year ended 31 March 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.
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Foundation of Christ's Hospital at Lincoln
Notes to the Financial Statements - continued for the year ended 31 March 2023
10. TANGIBLE FIXED ASSETS
| COST At 1 April 2022 and 31 March 2023 NET BOOK VALUE At 31 March 2023 At 31 March 2022 |
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
| MARKET VALUE At 1 April 2022 Additions Disposals Revaluations At 31 March 2023 NET BOOK VALUE At 31 March 2023 At 31 March 2022 There were no investment assets outside the UK. |
Listed investment £ 1,282,725 131,623 (59,150) (87,350) 1,267,848 1,267,848 1,282,725 |
|---|---|
Cost or valuation at 31 March 2023 is represented by:
| Listed | ||
|---|---|---|
| investment | ||
| £ | ||
| Valuation in | 2023 | 1,267,848 |
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Foundation of Christ's Hospital at Lincoln
Notes to the Financial Statements - continued for the year ended 31 March 2023
12. INVESTMENT PROPERTY
£
FAIR VALUE
| FAIR VALUE | |
|---|---|
| At 1 April 2022 and 31 March 2023 NET BOOK VALUE At 31 March 2023 At 31 March 2022 |
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 | 32,500 |
| Between one and five years | 65,000 |
| £97,500 | |
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 |
2023 £ 11,105 1,525 12,630 |
2022 £ 11,317 3,048 |
| 14,365 |
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Foundation of Christ's Hospital at Lincoln
Notes to the Financial Statements - continued for the year ended 31 March 2023
14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade creditors VAT Accruals and deferred income MOVEMENT IN FUNDS At 1.4.22 £ Unrestricted funds General fund 1,726,816 Restricted funds Legacy monies 8,083 Lincoln High School 156,000 164,083 TOTAL FUNDS 1,890,899 Net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 115,709 (81,891) TOTAL FUNDS 115,709 (81,891) |
2023 £ 4,070 1,695 18,508 24,273 Net movement in funds £ (53,532) - - - (53,532) Gains and losses £ (87,350) (87,350) |
2022 £ - 1,804 23,018 24,822 At 31.3.23 £ 1,673,284 8,083 156,000 164,083 1,837,367 Movement in funds £ (53,532) (53,532) |
|
|---|---|---|---|
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 2023
15. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net movement At 1.4.21 in funds £ £ Unrestricted funds General fund 1,604,666 122,150 Restricted funds Legacy monies 8,083 - Lincoln High School 156,000 - 164,083 - TOTAL FUNDS 1,768,749 122,150 Comparative net movement in funds, included in the above are as follows: Incoming Resources Gains and resources expended losses £ £ £ Unrestricted funds General fund 101,197 (52,001) 72,954 TOTAL FUNDS 101,197 (52,001) 72,954 A current year 12 months and prior year 12 months combined position is as follows: Net movement At 1.4.21 in funds £ £ Unrestricted funds General fund 1,604,666 68,618 Restricted funds Legacy monies 8,083 - Lincoln High School 156,000 - 164,083 - TOTAL FUNDS 1,768,749 68,618 |
At 31.3.22 £ 1,726,816 8,083 156,000 164,083 1,890,899 Movement in funds £ 122,150 122,150 At 31.3.23 £ 1,673,284 8,083 156,000 164,083 1,837,367 |
|---|---|
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Foundation of Christ's Hospital at Lincoln
Notes to the Financial Statements - continued for the year ended 31 March 2023
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 TOTAL FUNDS |
Incoming resources £ 216,906 216,906 |
Resources expended £ (133,892) (133,892) |
Gains and losses £ (14,396) (14,396) |
Movement in funds £ 68,618 68,618 |
|---|---|---|---|---|
Legacy Monies
This fund holds resources for the purpose of providing grants to pupils and ex pupils in specialised areas.
Lincoln High School
This fund 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 2023 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 2023 INCOME AND ENDOWMENTS Donations and legacies Donations Investment income Income from investments Deposit account interest Other income Rents Total incoming resources EXPENDITURE 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 Accountants' remuneration Legal fees |
2023 £ - 40,578 143 40,721 74,988 115,709 3,765 480 4,245 5,724 47,002 52,726 14,724 4,821 3,000 1,810 565 5,375 |
2022 £ 11,895 18,527 3 18,530 70,772 101,197 10,813 3,659 14,472 1,405 19,502 20,907 12,830 (66) 2,620 1,398 (160) 3,858 |
|---|---|---|
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 2023
| Detailed Statement of Financial Activities for the year ended 31 March 2023 |
||
|---|---|---|
| Total resources expended Net income before gains and losses Realised recognised gains and losses Realised gains/(losses) on fixed asset investments Net (expenditure)/income |
2023 £ 81,891 33,818 (87,350) (53,532) |
2022 £ |
| 52,001 | ||
| 49,196 72,954 |
||
| 122,150 |
This page does not form part of the statutory financial statements
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