Robinson Memorial Hospital Ballymoney (Incorporated) Statement of Financial Activities for the Year Ended 31 December 2023 {Including Income and El xpenditure Account and Statement of Total Recognised Gains and Losses) Unresti-ieted funds Endowment funds I'otnl 2023 Note Income and Endoivments from: Charitabl¢ a¢tivities 128,023 391,594 519,617 Total income 128.023 391,594 519.617 Expenditure on: Charitable activities (28.653) (162,051) {190,704) Total expenditure (28,653) {162,051) {190,704) Net income 99,370 229.543 328,913 Net movein¢nt in fuiids 99,370 229.543 328,913 ReconciliRtion of funds Total fund5 brouglit forward 1,778,374 3,875,584 5.653.958 Total funds carried fotwai'd 1,877,744 Unrestricted funds 4,105,127 Endowment 5,982,871 'I'otAI 2022 Note Ineome and Endowments from: Charitable activities (111,076 511,377) {622,453) Total income 111,076 511,377 622.453 xpenditure on: Cliaritable &ctivities (8,471) (130,941) 139,412) Total expenditure (8.471) 130,941) 139.412} Net expeiiditure Net moveinent in funds <119,547 (642,318) 1761,865) (119,547) {642,318) (761,865) Reconciliation of funds Total fiinds brought forward 1.897,921 4.517,902 6,415,823 Total fuiids carried forward 1.778,374 3,875,584 5,653.958 All of the charity's aclivities derive from continuing operations during the above two periods. The funds breakdown foi. 2022 is shown in nole I l. The notes on pages 8 to 15 fonn an integral part of these financial stateinents. Page 6
Robinson Memorial HospitaI Ballymoney Uncorporated) (Registration number: N1000726) Balance Sheet as at 31 December 2023 2023 2022 Note Fixed assets Investments 5,827,589 5,507,000 Current assets Debtors Cash at bank and in hand 17,033 892,144 15,022 792,619 909,177 807,641 Crcditors: Amount5 falling due within one year io 753,895 660,683) Net current assets 155,282 146.958 Net assets 5,982,871 5,653,958 Funds of the charity: Endowment funds 4,105,127 3,875,584 Unrcstrictcd incomc fund5 Uni-cstrictcd funds 1,877,744 1,778,374 Total funds 5,982,871 5,653,958 For the financial year ending 31 December 2023 the charity was entitled to exemption from audit under section 477 of thc Companies Act 2006 relating to sinall companies. Directors, responsibilities.. Thc niembers have nol i'equired the charity to obtain an audit of its accounts for the year in question in accordance with section 476. and The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting recoi'ds and the preparation of accolints. The financial statements on pages 6 to 15 were approved by the trustees, and authorised for issue on 26 June 2024 and signcd on their behalf by: avid Robinson (Pi'esident) Trustee Joe Gill Trustee ry Treasurer) The notes on pages 8 to 15 forn] an integral part of these financial statements. Page 7
Robinson Memorial Hospital Ballymoney (Incorporated) Notes to the Financial Statements for the Year Ended 31 December 2023 I Charity status The charity Is limited by guarantee. incorporated in Northem Ireland, and conseqiiently does not have share capital. Each of the trust¢e5 is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation. The address of its registered office is: 23 Newal Road Ballymoney Co Antrim BT53 6HB These financial statements were authorised for issue by the trustees on 26 June 2024. 2 Aeeountlng policles Summary of significant Aceounting policies and key Accounting estimates The principal accounting policies applicd in th¢ preparation of thcse financial statemcnts are set out below. These policies have been consistently applied to all the years presented, unless oth¢rwise slated. Statement of compliance The financial statcments have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recomixendcd 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 l January 2015) - (Charities SORTr (FRS 102)), the Financial Reporting Standard applicable in thc UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act (Northern Ii'eland) 2008.. Basis of preparation Robinson Memorial Hospital Ballymoney (Incorpoi'ated) mcets the dcfinition of a public benefit eiitily undci. FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwisc stated in the relevant accounting policy notes. The presentation currency of thcse financial statements is sterling. All amounts in the financial statements have been rounded to the nearest £1. Going eoncern The financial statements have been preparcd on a going concern basis. The trustees have assessed a pcriod of12 months from the date of approving the financial statements with regard to the appropriatcness of the going concern assumption in preparing the financial statements The trustees note that and belicve that the company will continue as a going concern and be able to Tealise its assets and discharge its liabilities in the normal course of business. Page 8
Robinson Memorial Hospital Ballymoney (Incorporated) Notes to the Financial Statemcnts for the Year Ended 31 December 2023 Income and endowments Expenditur¢ All e.Ypeiiditure is recognised once there is a legal or constructive obligatioii to that expenditure, it is probable sctileiiieiit is requii'ed and tlie aiiiounl can bc iiieasured reliably. All costs are allocated to tlie applicable expciiditure lieadiiig that aggregate similar cost5 to tliat category. Wlicrc costs cannot bc directly attributcd io particular lieadings tliey liave been allocated on a basis consistent willi the use of resources CliariÉable activities Charitable cxpcnditure coinpriscs tliose costs iiicurred by tlie cliarity iii thc delivery of its activiti¢s aiid services for its bciicficiaries. It iiicludes botli costs Ilial can b¢ allocated directly to such activities and th05C Costs of an indii'ect iiatiire neccssai'y lo svpport tliem. TRXRtion The charity is coiisidei'cd lo pass the tests sit out in Paragraph I Schcdulc 6 of the Finaiicc Act 2010 and thcrcforc il Incets the dcfiiiilioii of a cliarilable ¢oiiipaiiy foi. UK ¢orporation lax pui'poses. Accordiiigly, Ilie cliarily 15 Potciilially cxeiiipt fi'oin taxalioi) in respect of iiicoine oi. capital ¥ains rcccived witliiii catcgoric5 covered by Cliaplcr 3 Part I l of the Corporation Tax Act 201 O or Section 256 of tlic '] axatioii of Chargcablc Gains Act 1992. to tlie cx1'¢nl tliat sucli inconie or gains arc &pplied exclusively lo charil¢iblc purposes. Investmcnt propcrties Iiiv¢stiiiciit pi'operly is cai'ried at fair valiie, d¢i'ived froin the curreiit iiiarket priccs for comparable rcal estate deicriiiiiicd by exteriial valuers. The valuers use observabl¢ market prices, adjusted if necessary for ai)y diffcr¢nce iii tlie iiature, locatioii or coiidition of Ilie specific asset. Clian8es iii fair value are reco8nised in profit or loss. Fixed asset iiiv¢stments rixed a55cI investments. other than programine related investments, are includcd al market value at tlie balance shcel datc. Realiscd gains and losses oli investinenls are calculated as the diffLrciice belween sales proceeds and thcii. niarkcl value ai Ilie 5lart of the year, or their subsequent cost, and are chargcd or credited to the Stalciiient of fiiiaiicial Aclivilics iii Ilie period of disposal. Unrealiscd gains aiid losses I'epresent Ilic iiiovcnient in market valiics during tlie ycar and are credited oi. ¢liargcd to tlie Statement of FinanGial Aclivilics based on tlie Inai'ket valuc at tlie ycar end. Cash and cash equivalents Cash aiid cash cquivalents coinprise cash on hand and call deposits, and other short-terin highly liquid investmeiits tliat are readily convertible to a known aiiiount of cash and are Subject to ali iiisignificanl I'isk of ¢liange iii value. Vund structure Unre5tricled inconie funds are general funds Ihat are available for use at the trustees discretion in furtherance of tlie objectives of the charity. Page 9
Robinson Memorial Hospital Ballymoney (Incorporated) Notes to the Financial Statements for the Year Ended 31 Deccmber 2023 3 Income from ch#ritftbl¢ Activities Unrestricted funds General Othor Endowment funds Expendable Ptrmfinent TotAI 2023 Dividends and iiilerest Rent receivable Gain/(Loss) on Investineiit5 Siibscriptions received & 5alc of books Donatioiis received RevalLiation inovement during year 65,186 108,926 53.125 174,112 58,440 369.820 5,315 135.555 234,265 105 4,930 105 4,930 83.068 4,722) (87,790) 122.708 5,315 162,051 229,543 519,617 Unrestricted funds GenerRI Other Endowment flind5 Expendii ble PermAncnt Totnl 2022 Dividends and iiiterest Rent receivable Gainl{l.oss) on Investments Subscriplions received & salc of bouks Donalions received Revaluatioii movement during year 50,611 77,941 53,000 128,552 58,280 3,514 5.280 14,116 (10,602) 45 7.540 45 7,540 1188,668) (116.3561 1631,716) 18?0,384) 622,453) 5,280 130.941 642 318) Page 10
Robinson Memorial Hospital Ballymoney (Incorporated) Notes to the FRnancial Statements for the Year Ended 31 December 2023 4 Expenditure on ¢hAritable Activities Endowm¢nt funds ExpcndAble Unrcstricted funds General Other TotAI funds Nortliern l-lealtli aiid Social Care Trust Accountancy fees Advertisiiig, Printing & Postage Investment Maiiager5 1.ecs Seci'etai'ial fc¢s Wcb51te liosliiib7 &dc5igii & I'egistralioii f¢cs Baiik l-ees GP Traiiiing & Iiui'sc 5ponsorsliip Propcrly Iiisurance Property Maiiitciiance Rates Charitable Doiiations General Expci)ses New facililics I l &13 Newall Road Ageiil Fces 90,919 2.328 932 11,938 90.919 2.328 932 17,170 1.116 5.232 2.055 42 2,055 74 1.050 1,050 910 1.038 1,406 20,207 125 50,937 395 280 888 527 630 150 879 20,207 125 50.937 395 "I'otAI for 2023 26,563 2,090 162,051 190,704 Totnl for 2022 6,429 2,042 130.941 139,412 Page 11
Robinson Memorial Hospital Ballymoney (Incoi'porated) Notes to the Financial Statements for the Year Ended 31 December 2023 5 Trustees remunerntlon find expenses No trustees. nor any persons connected with them, have received any reniuneration froin the charity dLiring the year. No ti'ustees have received any i'eiiiibui'sed expenses oi. any other benefits from the cliai'ity duriiig the year. 6 Taxfition The charity is a regi5tcred charity and is therefore exempt from taxation. 7 Fixed Assct inve5tment5 2023 2022 Investment properties Other investments 845,394 4,982,195 845,394 4,661,606 5.827.589 5,507,000 nve5tment properties Investnient pi'opertie.% Cost or VAluAtion At l January 2023 845.394 Provision At 31 D¢¢einb¢i' 2023 Net book value At 31 December 2023 845,394 At 31 December 2022 845,394 A property valiiatioii was carried out on 12th May 2021.The basis of this valuation was Market Value.The name and qualification of thc indcpendeiil valuer is Mr Gerard McAfce MRICS, FNAEA and FNAVA Registered Valiier, for and on bel)alf of McAfee, &uctioneers & valuers Page 12
Ilobinson Memoi'ial Hospital Ballymoney (Incorporated) Notes to the Financial Statements for the Year Ended 31 December 2023 Other invcstinents Listed iiivestments Total Cost or VAluAtion At l Janiiai'y 2023 Rcvalualion Profitl(L055) on investmeiit disposals Donation and incoine re-invested 4,661,606 (87.790) 234,265 174,114 4,661,606 (87,790) 234,265 174.114 At J l Deccmbcr 2023 4.982,195 4,982.195 Net book viilu¢ At 31 Decemb¢i' 2023 4,982,195 4,982.195 At 31 De¢emb¢r 2022 4.661,606 4.661.606 8 Debtors 2023 2022 Trade debtoi's Prcpayinents 8,296 8,737 13,101 1,921 17.033 15,022 9 CAsh nnd eash equivalents 2023 2022 Casli ai bank 892,144 792,619 l O Ci-editDrs: iimoiint5 flllliiig dut witliin one year 2023 2022 Accruals 753.895 660,683 Page 13
Robinson Memorial Hospital Ballymoney (Incorporated) Notes to the Financial Statements for the Year Ended 31 December 2023 I l Fiijids BAIAnce At 31 Deccmbcr 2023 BAIAncc Rt I Janunry 2023 Incomiiig resoui'ces RcsoiircÉs expended Unrestricted Bequests 1,778,374) (128.023) 28.653 1.877.744) Endowment Permanent (3,875,584) {229,543} (4.105,127) Expendable Totnl endowment (162.051) 162,051 3,875,584 (391.594) 162,051 (4,105.127) TotAI funds (5.653,958) (519,617) 190,704 (5,982.871) BAlancc fit 31 December 2022 BalRnce At I JanuRry 2022 Incoming resources Re50urc¢s exijoiidod Unrostrieted Beqiiests (1.897,921 111,076 8,471 {1,7711,374} Endowment Permanent (4,517,902) 642,318 (3,875,584) Expendable 130,941 130.941 I'otAI endowment (4,517.902) 511,377 130.941 3,875,584) TotAI funds 6,415,823) 622,453 139,412 5,653,958) Bequests The beqiiests relate to a Trust Fuiid established by deed of gift froiii Mr William Taggart and a I'rusl Fund establislied from a beqLiest froim tlic estale of Mr Mioinas Henry. and tlie GaLilt Trust and bequests from the estates of Genevievc Robinson, Wallace McNaiil, Mrs Nancy PLillen. Mr A Mcllreavey, Mr F. Leeper and Lena May Bcll. Other donations lo be used for tlie beiiefit of the Robinson Memorial Hospital are accounted for, including donation5 diii'iiig the year froin the late Dan Hanna, P Wcir and the Rotary Club. Page 14
Robinson Memorial Hospital Ballymoney (Incorporated) Notes to the Financial Statements for the Year Ended 31 December 2023 12 Analysis of nct asscts bctween funds Unrestricted fund5 Total funds at 31 December 2023 Endowmcnt funds Permanciit Expendable Fixed asset invc5tmeiit5 Currciit as5¢ts Ciirrcni liabilities 1,722,462 155.924 (642) 4,105,127 5,827.589 909,177 (753,895) 753,253 753,253) '1 otal iiet assets 1.877.744 4,105,127 5,982.871 UDr¢5trict¢d funds GencrAI Totnl fund5 Ht 31 Dccember 2022 Endowmcnt funds Permnent ExpendAbl¢ Fixed asset investments Current assets 1.631.417 148.409 {1,451 3.875,583 5.507.000 807.641 (660.683) 659,232 (659,232) -1 ollil nLI ilS5Lts 1.778.375 3.875,583 5.653.958 Page 15