Charity number.. 1164982 LADY FRANCES PEYTON HOSPITAL CHAIUTY Reeeipts and Payments Accounts for the year ended 31 December 2024 Lady Franees Peytun Hospital Charity Statement of R¢eeip¢s and Pavments for the y¢ar ended 31 December 2024 COAYTENTS Page Truste¢s' Rcport Independent Examiner's Report Statement of Receipts and Payments Siatement of Assets and Liabilities Notes to the Accounts Lady Frances Peylon Hospital Charity Trustees Annual Report for the year ended 31 December 2024 The Lady Frances Peyton's Hospital Almshouse Charity was Boverned by a Scheme sealed by the Charity Commission on 8 June 1988. Registered Charity No.. 1164982 IPreviously: 20355591 Almshouse Association No.. 0586 On 23 December 2015 it transferred all its assets into a Charitable Incorporated Organisation. The registered charity number remains the same. The origlnal Hospital at Isleham was founded by Lady Frances Peyton in 1582. In 1982 3 special service of thanksgiving was held to celebrate the fourth centenary of the foundation and the reopenin8 of the almshouses after a major rebuild and renovation scheme had been completed. Currently there are four almshouses,. two single storey Cottages listed as of arthitectural interest and two bungalows that were built in 1995. The two single storey cottages were refurbished and renovated during the year. The total cost of the works is expected to total £350,000 and of this £324,933 was spent in the year. During the year, 5 acre5 of land was sold to Havebury Housing Association for £1,021,220. Havebury Housing Association are to build 49 properties and 4 of these will be purchased by the Charity in early 2026. In the intervening period the Sale proceeds are primarily invested in fixed term deposit accounts. In order to be considered for appointment as a beneficiary Iresidentl of the Charity, applicants must be poor person5 of good character and inhabitants of Isleham or neighbouring villages. The Charity is governed by a Trustee body made up of nine persons. One trustee 15 an ex-officio trustee Ithe person being in situ as vicar of the church of St Andrew, Islehaml, five co-opted trustees and three trustees nominated by the Isleham Parlsh Council. As at 310ecember 2024, the governing Trustees were.. Mr Richard Radcliffe 45 Sun Street Isleham Ely, Cambs. CB7 5RU Chairman- Co-opted Trustee Mrs Pauline Wilkes 6 Limestone Close Isleham Ely, Cambs. CB7 5RP Nominated Trustee Mrs Barbara Murfitt 14 Aves Close 151eham Ely, Cambs. CB7 STE Co-opted Trustee Lady Fyallces Peyton Hospital Charitv Trustees Allnual Report for the year ended 31 December 2024 Mr David Manns 4 Chestnut Close Mildenhall Suffolk IP28 7NL Co-opted Trustee Mr Christopher Elmer 30 Limestone Close Isleham Ely, Cambs. CB7 5RP Co-opted Trustee Dr Christopher Corbin 5 Priory Gardens Isleh3m Ely, Cambs. CB7 5ZB Co-opted Trustee Secretary/Treasurer Robin Threadgold 2 The Briars Isleham Ely, Cambs. CB7 5UY Independent Examiner Mr H Watson FCCA The MHH Partnership, Elstree House. Watson's Yard, Cottenham, Cambrldge C824 8RX Solicitor Amy Richardson Ashtons Legal, Chequers House, 77-81 Newmarket Road, Cambridge CBS 8EU Consultant Architect Mr Rithard Waite 34 Bridge Street, Kings Lynn PE30 SAB Lady Frances Peyton Hospltal Charity Trustees Annual Report for the year ended 31 December 2024 Beneficiaries The beneficiaries as at 31 December 2024 were.. 17 The Causeway 19 The Causeway 263 Sun Street 26b Sun Street Ms T Rennie Mrs J Lewis Mr G Cooper Ms K Hopkin Appointment of Trustees Trustees are recruited by personal invitation of existing trustees. A small introduction letter is submitted to the board and a vote is then taken. New trustees are guided through the process by the existing trustees. There is a150 the Almshouse Association magazine which h35 ideas and support structures within it that all trustees have access to. The Charity takes guidance from the Charity Commission and the Almshouse Association. Objectives and Activities The objectives of the Charity are.. to ensure the almshouses and gardens are kept in a good state of repair to ensure the welfare of the beneficiaries to ensure the assets of the charity are maintained for the future success of the charity In the year there were no vacancies at the almshouses. The charity retains 2 other parcels of agricultural land at East Fen and off Fordham Road, which are both let. The charity retains 2 acres of land off Station Road, adjacent to the land being developed by Havebury Housing Association.. There continues to be the need for additional good qu31ity, well managed affordable rented housing in Isleham. The local housing need remains real and the charity is committed to help local people to be able to access affordable housing in the village. Lady Frances Peyton Hospital Charity Trustees Annual Report for the year ended 31 December 2024 Statement of trustees, responsibillties Charity law requires the trustees to prepare financial statcm¢nts for each financial year, which gives a true and fair view of the state of affair8 of the charily alld of its financial activities for that pcriod. In prepaTing those financial statements the trustees are required to: select suitablc accounting policies and apply them consistently. make judgements and estimates that are reasonable and prudent; prepare the financial statcm¢nts on the going concern basis unLess it is inappropriate to assume the charity will Continue operating. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the ¢harity and to enable them to ensure that the financial statements comply with the Charities Act 2011. The tn￿tee3 are also responsible for safeguarding the assets of the Charity and hence foT taking reasoJ)able steps for the prevention of fraud or other irregularities. Mr R Radcliffe {Chairnwi) Date.... .23 April 2025.... Lady Frances Peyton Hospital Charity Report of the Independent Examiller to the Trustees on the accounts of Lady Frances Peyton Hospital Charity for the lear ended 31 December 2024 I report on the accounts of the Charity for the year ended 31 December 2024, which are set out on pages (A. Re$pe¢tive responsibilities of trustees and examiner The charbty's trustees are responsible for the preparation of the accounts. The trustees consider thai an audit is not required for this year under Section 144 of thc Charities Act 2011 (the Chariiies Act) and that an Independent ExamitLalion is required. As an examiner it is my responsibility to.. a) examine the accounts under s145 ot the Charities Act b) follow tb¢ procedures laid down in the General Directions given by the Charity Commissioners(under s145{5){b) of the Charities Act and c) to state whether particular matters have come lo my attention Basis or the examiner's report My exaininatioTh was carried out in accordjmce with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts with those records. It also includes collsidciation of any unusual items or disclosures in th¢ accounts, and seeking explayLarions from the trustees collcerning sucb matt¢rs. The procedures undertaken do not provide all the evidencc that would be required in an audit, and consequently no opinion is given as to whethcr the accounts present a "truc and fair" view and Ihc report is limited to those matters set out in tli¢ statement below. JDdependent Examiner's Statement, report and oplnion In connection with my exarnination, no matter has come to my attention '. l) which gives me reasonable cause to believe that in any material respect the requircments.. a) to kcep accounting rcrords in accordance with scctioo 130 of the Chariiies Act. and b) lo prepare acLounts which accord with the u¢¢ounting records and to comply with the accounting requirements ol the ¢harities Act have not been met or 2) to which, in my opinion, attention should be drawLI to enable a proper underslanding of the accounts to be reached. H Watson FCCA The MHH Pai1ner$hip Ltd Chartered Certified Accountants Elstree House, W&tson's Yard Cottellham Cambridge CB24 8RX DATE Zi XJL Lady Frances Pevton Hospital Charity Statement of Reeelpts and PdymentS for the year ended 31 December 2024 Notes General Funds Endowrnent Funds Total 2024 Total 2023 INCOME Tenants Maintenance Contributions Land & Allotment Rents Sale of Land Interest Received on Investments Telephone Call Reimbursements 21,819 1,300 1,021,220 24,908 420 21,819 1,300 1,021,220 33,785 420 20. 8,877 1,069,667 8,877 1,078,544 28. EXPENDITURE Maintenance & Gardening Costs Water Rates Insurance Telephone & Care Call Alinshouses Association Subscription & Fees TV Licence Refurbishment works llldcpcndent Exainination 1,150 1,004 1,403 1,077 571 1,150 1,004 1.403 1,077 571 12. 324,933 360 324,933 360 330,506 330,506 SURPLUSI{DEFICIT) 739,161 8,877 8,877 8,877 7,587 208,728 216,315 748.038 14 Transfer of Interest to General Funds Profst/LDss on investments diiring year Cash Funds as at 31 Deceinber 2023 Cash Funds as at 31 December 2024 7,587 519,508 1,275,133 10 494 519 310,781 1,058,819 Bank Current Account Bank Deposit AeLount Fixed Interest Fund Invcsiment Fund Propety Fund NAACIF 5,398 1,053,421 5,398 1,053,421 35,435 99,242 24,720 56,917 235. 74 34 97 24 52 35,435 99,242 24,720 56,917 1,058,819 216,314 1,275,133 519 Ladv Frauces Peytou H05Pltal Charity Statement of A55ets and Liabilities for the vear ended 31 December 2024 FIXED ASSETS Land & Pro ertv 2 dwcllings at 17 & 19 The Causeway, Isleham, Elyy Cambs. 2 dwellings at 26a & 26b Sun Strcct, Isleham, Ely. Cambs. These are currently insured for £481,890. 1.7 acres in East F¢n, Isleharn- let on a tcnancy 0.5 acres of land off Fordham Road, Isleharn- let OTh a tenancy 3.5 acres of land in Station Road, Isleham- Cu￿entlY unlet Part oltllls land is awaitin8 plaTJning Permission for development. CURRETr4T ASSETS Bank & Investment Funds 2024 2023 LloydslTSB Trcasurers Account 5,398 235.919 Deposit Accounts 969,683 co Charity Deposit Fund (CMF, ERF) Fixed Interest Fund (PE> Invcsm]¢nt Fund (PE) Property Fund{PE) 83,737 35,435 99,242 24,720 74,860 34,384 97,049 24,603 NAACIF 56.917 52,692 1,275,133 519,509 Debtors Credltors Examination fee 375 375 375 375 Treasurers Declaration Th¢ Statement of assets and Libilit1¢5 represents th¢ true state of the Charity's finances to the best of my knowledge. Mr R Threadgold Dated L%dy Frances Pes'ton Hospital Charity Notes to the Receipts and Payments Account for the year ended 31 December 2024 Land & Allotment Rent 2024 Rents received in respect of 2024 1,300 Transfers from De osit Funds ERFICRF There were no transfers from the deposit fund in this year. Maintenance & Gardenin Costs 2024 GaTdening & Tree Surgery Se￿IC¢s Refurbishment Costs Other routine maintenance 324,933 1,150 326.083 Investment M&G NAACIF 2024 There was no further investments made to the National Association of Almshouses Common Investment Fund.