Robinson Memorial Ilospital Ballymoney (Incorporated) Statement of Financial Activities for the Year Ended 31 December 2022 (Including Income and Expenditure Account and Statemcnt of Total Recognised Gains and Losses) Unre5trictcd fund5 Endowment funds Total 2022 Note Ineomc and Endowments from: Charitable activities (111.076) (511.377) (622,453) Total income (111,076) (511,377) (622,453) xpenditurc oil: Cliaritable actLvilies (8,471) (130,941) (139,412) Total expenditure (8,471) (130,941) (139,4l2) Net expenditure (119,547) (642,318) (761,865) Net movement in funds (119,547) (642.318) (761,865) Rcconciliation of funds Total funds broiight foiward 1,897.921 4,517,902 6,415,823 Total fuiids carried foiwzrd 1,778.374 Unrestricted funds 3,875,584 Endowment runds 5,653,958 Total 2021 Note Income 8nd Fndowments from: Cliaritable activities 256,869 521,808 778,677 Total income 256,869 521,808 778,677 Expenditure on: Charitable activities (12,689) (130,I37) (142,826) Total expenditure (12.689) (130,137) (142,826) Net income 244,180 391,671 635,851 Net inovement in funds 244.180 391.671 635.851 Ilcconciliation of funds Total ndS brought forward 1,653.741 4,126,231 5,779,972 Total funds carried forward 1,897,921 4,517,902 6,415,823 All ofthe chai-ity's activities derive from continuiiig opcrations during Il)e above two periods. The funds bieakdown for 2021 is 51iown in note I l. The notes on pages 12 to 19 fonn an integral part of these financial statements. Page 10
Robinson Memorial Hospital Ballymoney (Incorporated) (Registration number: N1000726) Balance Sheet as at 31 December 2022 2022 2021 Notc Fixed assets Investinents 5.507.000 6,291,973 Current assets Debtors Cash at ballk and in hand 15.022 792,619 11,615 675,849 807,641 687,464 Creditors.. Amounts falling due within one year 10 (660,683) {563,614) Net current assets 146,958 123,850 Net assets 5.653,958 6,415,823 Funds of the charity: Endowm¢nt funds 3,875,584 4,517,902 Unrcstricted income funds Unrestricted funds 1,778,374 1,897,921 Total funds 5,653,958 6.415,823 Tlie finaiicial statements on pages 1 O to 19 were approved by the tsStee5. and auihoi'ised foi- issue on 21 June 2023 and signed on their behaifby.. avid Robinsoii (President) Trustee n (Appoi ted Honorary Treasurer 8 November 2022) Trustee nry Algeo (Honorary T November2022) Ttustee asurer till 8 The notes on pages 12 10 19 form an integral part of these financial statemeiils. Page 11
Robinson Mcmorial Hospital Ballymoney (Incorporated) Notes to the inancial Statements for the Ycar Ended 31 December 2022 I Charity Status 'riie charily is liinited by sbare capital. incorporated in Northern Ireland. 'riic addrcss of ils iegislered office is: 23 Newal Road )3allyLnoney Co Antrim BT5J 6HB Tliese financial statenients were authorised for issue by the trustees on 21 June 2023. 2 Accounting policics Summary of significant accounting policies 2nd key accounting c5timates Tlie pi'incipal accouiiliiig policies applied in the preparation of these finaiicial statements are set out below. Tliese policies liave been consisteiitly applied to all tlie years presented. unlcss otlierwise staled. Statement of compliance The fiiianLial slatcn)ci)ts have been prepared in accordance with Accounting and Reporting by Chaiities: Statement of Reconiniended P17Ctice applicable to chai-ities preparing Iheii- accounts in a¢coi-dance with the rinancial Repoiting Stai)dai-d applicable in tlie UK and Republic of Ireland (FRS 102) (effective l January 2015) - (Chai'ities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (fRS 102). 'fliey also cotnply with tlie Companies Act 2006 aiid Charities Act (Northern Irelaiid) 2008.. Basis of preparation Robinsoii Mcmorial Hospital Ballyinoney (Incorporated) meets the definition of a public benefit entity under FRS 102. Assets and liabilities al'e initially recogiiised at historical cost or transaction value unless otherwise slalcd in Ilie relevant accounting policy notes. Tlie pi-esenlatioii curFCllCy of these financial Statements is sterliiig. All amounts in the financial statemeiits liave been rounded lo the ncai-cst £ l. Going concern The financial stdtements have been prepared on a going conceiii basis. The trustees have assessed a period of 12 months froni ihe date OF approviiig the financial statements With regard lo the appi-opi-iatenèss of the going concei assui]Iption in preparing tlie financial stalenients The trustees note that and believe tlial the company will contiiiue as a going coiicern and be able to realise its assets and discharge ils liabiSities in the nomial course ofbusiness. Income and endowments Expenditure All expeiiditui-e is recognised once there is a legal or constructive obligation to that expenditrjre, it is probable seiileinent is required and the amount can be measured reliably. All costs are allocated io the applicable expendilui'e heading that aggregate similar costs lo that category. Where costs cannot be directly attribuled to particulai. lieading5 they have been allocated on a basis consistent with the use of resouires Page 12
Robinson Memorial Hospital Ballymoney (Incorporated) Notes to the Financial Statcments for the Year Ended 31 December 2022 Charilable acÉivilies Cliarilable expenditui-e comprises those costs incurred by the cliarity in the delivcry of its activities and services for its bencficiaries. It includes both costs that can be allocaled direcily lo sucli activities and Ihose costs of an indirect nature necessary to support them. Taxation The cliarity is consideied to pass tlie tests set out in Paragraph I Schedule 6 of the Fillance Act 2010 and tlierefore it meets the definition of a chaiitable company for UK coiporation tax purposes. Accordingly, the charity is potentially exeinpt from taxation in respect of incoine or capital gains rec¢ived witliin calegories covered by Chapter 3 Part I l of the Corporation Tax Act 2010 or Seelion 256 of the Taxation of Chargeable Gains Act 1992. to the extent that such income or gains are applied exclusively to charitable PULposes. Investment properties Investment propety is carried at fair value. derived from tlie current inarket prices foi con)pai'able real estale detemiined by external valuers. The valuers use observable markel pi-ices. adjusted if nccessary for any difference in tli¢ nature, location or condition of the specific asset. Changes iii fair value are recogiiised in PTofit or loss. ri ixed asset invcstments Fixed asset investinents, other than pi-ogi'amine related investmenls. are iiicluded al market value at Ilic balaiice slieet date. Rcalised gains and losses on investinents are calculated as tlie diffei-ciiee between salcs piocccd5 aiid their market value at tlie start of the yeai-. or their subsequent cost, and are chaiEed or credited to the Statemeiit of Finaiicial Activities in the period of disposal. Unrealised gailis and losses represent the movement in market values during the year and are credited or cliarged to tlie Statement of Financial Activilies based oli the market value at the year end. Cash and cash equivalents Cash aiid cash equivalents compi-ise cash on hand and call deposits, aiid oilier short-term higlily liquid iiivestnieiits that are readily convertible to a known aniount of cash and ale subject to an insignificant risk of chaiige in value. Fund Structure Unieslricted iiicoine funds are general funds that are available for use at the trustees discretion in furtlierdnce of the objectives of the charity. Page 13
Ilobinson Memorial Hospital Ballymoney (Incorporated) Notes to the Financial Statements for the Year Ended 31 December 2022 3 Income fi'om chgritablc activities Unrcstrieted funds Gcncral Other Endowment funds Expendable Pertnanent Total 2022 Dividends and interest Rent receivable Gainl(Loss) on Investments Subscriptions received & sale olbooks Donations received Revaluation movement during year 50,611 77.941 53,000 128,552 47,678 14,116 5,280 (10,602) 14.116 45 45 7,540 7,540 (188,668) (116,356) (631.716) (642,318) (820,384) {622,453) 5,280 130.941 Unrcstrictcd funds Gencral Other Endowment fund5 Expendable Permanent Total 2021 Dividends and interest Rent receivable Gainl(Loss) on Tnvestrnents Subscriptions ie¢eived & sale of books Donations received Revaluation movement during year 46,355 77,137 53,000 123,492 58,280 2,661 5,280 4,749 (2,088) 50 1,916 50 1,916 193,519 5,000 393,759 592.278 246,589 10.280 130,137 391,671 778,677 Page 14
Robinson Memorial Hospital Ballymoney (Incorporated) Notes to the Financial Statements for the Year Ended 31 Decembcr 2022 4 Expenditure on charitable activities Endowment funds Expcndable Unrestricted fund5 General Otlicr Total funds Northein Health and Social Care Trust Legal and professional Audit & Accountancy Advertising. Prtnting & Postage Inv¢slinent Managers fees Secretarial Fees Registration Fees Bank Fee5 Property Insurance Propeity Maintenance Rates Gener21 Expeiises New facilities I l&13 Newall Road Agent Fees 96,050 133 2,424 1,346 14.373 769 13 60 625 2,136 832 30 12,150 96,050 133 2,424 1,346 20,731 769 13 6,358 71 131 156 1,000 499 781 3,136 1.331 30 12,150 387 387 Total for 2022 6.429 2,042 130.941 139,412 Total for 2021 11.668 1,021 130,137 142,826 Page 15
Robinson Memorial Hospital Ballymoney (Incorporated) Notes to the f4inancial Statements for the Year Ended 31 December 2022 5 Trustees remuneration and expenses No listee$, nor any persons connected with thern, have received any remuneration from the charity during the year. No tiuslees liave received any reimbursed expenses or any other benefits from the charity during the year. 6 I'axation Tlie cliarity is a registered cliai-ily and is therefore exernpt from taxation. 7 Fixed asset investments 2022 2021 Investment properties Other investinents 845.394 4,661,606 845,394 5,446,579 5,507,000 6,291,973 Investmcnt propcrtics Investment properties Cost or Valuation At l Januaiy 2022 845,394 Provision At J l December 2022 Net book value At 31 December 2022 845,394 At 31 Deceinber 2021 845,394 A propeity valuation wa5 carried out on 12th May 2021.The basis of this valuation wa5 Market Value.The name and qualification of the independent valuer is Mr Gerard McAfee MRICS, FNAEA and fNAVA Registered ValLiei', foi- and on behalf of McAfee, auctioneers & valuers Page 16
Robinson MemoriaI Hospital Ballymoney (Incorporated) Notes to the Financial Statements for the Year Ended 31 December 2022 Other investments Listed investments I'otsl Cost or Valuation At l January 2022 Revaluation Profitl(Loss) on investment disposals Donation and income re-invested 5,451,579 5.451,579 (820,384) (820.384) (10,602) (10,602) 41,013 41,013 At 31 December 2022 4,661.606 4,661.606 Nct book value At 3 l D¢cember 2022 4,661.606 4.661,606 At 31 December 2021 5.451,579 5.451,579 8 Debtors 2022 2021 Trade debtors Prepayments 13,101 1.921 10,740 875 15,022 11,615 9 Cash and cash equRvalents 2022 2021 Cash at bank 792,619 675.849 10 Creditors: amounts falling due within one year 2022 2021 Accruals 660,683 563,614 Page 17
Robinson Memorial Hospital Ballymoney (Incorporated) Notes to the Financial Statements for the Year Ended 31 December 2022 11 Funds Balancc at 31 Decclnbcr 2022 Balance at I January 2022 Incoming resources Resources expended Unrestricted Bequests 1.897,921) 111.076 8.471 (1,778,374) Endowment Permanent (4.517.902) 642.318 (3.875.584) Expendable (130,941) 130,941 Total endowment (4,517,902 51 I,377 130,941 3,875,584 Total funds (6,415.823) 622,453 139.412 (5,653.958) B212nce at 31 Deeember 2021 Balance at I January 2021 Incoming r¢sourees Resources expended Unrcstricted Bequests (1,653.741) (256.869) 12,689 (1.897.921) Endowment Pennanent (4.126,231) (391.671) (130,I37) (4,517,902) Expendable 130,137 Total endowment (4,126,231) (521,808) 130,137 (4,517.902) Total fund5 (5,779,972 778,677 142,826 (6,415,823) Bequests The bequests relate to a Trust fund established by dced of gift from Mr Williatn Taggart and a Trust fund C5tablished from a bequest Ironi the estate of Mr Thomas Henry, and the Gault Trust and bequests from the estates of Genevieve Robinson. Wallace McNaul. Mrs Nancy Pullen, Mr A McITreavey. Mr E Leeper and Lena May Bell. Other donations to be used for the benefit of the Robinson Memorial Hospital are accounted for, including donations during the year from the late Dan Hanna. P Weir and the Rotary Club. Page 18
Robinson Memorial Hospital BallymoThey (Incorporated) Notes to the Financial Statements for the Year Ended 31 December 2022 12 Analysis of nct asscts between funds Unrestrictcd funds General 'rotal funds at 31 December 2022 Endowment funds Permanent Expendable Fixed asset investments Current ass¢ts Current liabilities 1,631,417 148.409 (1,451) 3,875.583 5,507,000 807,641 (660,683) 659,232 (659.232) Total net assets 1,778,375 3,875,583 5,653.958 Unrestricted funds General Total funds at 31 Dcccmbcr 2021 Endowment funds Permanent FJxpcndable rixed asset investments Current assets Current li8bilitie5 1.774,072 125,711 (1.861) 4,517,901 6,291.973 687,464 (563,614) 561,753 561,753) Total net assets 1,897,922 4,517,901 6,415,823 Page 19