2023-12-31-accounts - The Hospital Of William Parson

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CONTENTS		PAGE
Legal and Administrative	Information
Report ofthe Trustees		2 —5
Independent Examiner's	Report
Statement ofFinancial Activities
Balance Sheet
Notes forming part ofthe	Financial Statements	9 —17
Value for Money Statement		17

Trustees		Mrs SOviatt Ham (Chair)
		Mr C Kirton (Vice Chair to November	2023 and	Treasurer)
		Mr D Clarke
		Mrs SGodfrey (Joint Vice Chair from	November 2023)
		Mrs LGreen (Joint Vice Chair from November		2023)
		Mrs S Harris (Resigned 19May 2023)
		Mr SLoveless
Clerk to Trustees:		Mr Benjamin Janes
Assistant Clerks:		Ms Claire Myers, Ms JLawrence
Principal office.		Stoke Hospital Office
		92Stoke Road
		Guildford
		Surrey GU1 4JH
Administrators.		The Trust Partnership
		6 Trull Farm Buildings
		Tetbury
		Gloucestershire GL8 8SQ
Bankers:		CAF Bank Ltd
		25 Kings Hill Avenue
		Kings Hill
		West Mailing
		Kent ME19 4JQ
Independent	Examiner:	Mr RM Dunnett
		20 Strathavon Close
		Cranleigh
		Surrey GU6 8PW
Investment	Provider:	M&G Investments
		P0Box9038
		Chelmsford CM99 2XG

FOR THK Y	EAR ENDE	D 31D	ECEMB	ER 2023
				Unrestricted	Restricted	Endowment
				Funds	Funds	Funds	Total	Total
				2023	2023	2023	2023	2022
			Notes		f.
Income and Endowments		from:
Donations				150			808	365
Charitable activities			2	99,037			99,037	90,654
Investments				5,366			5,366	3,979
Other								974
Total				104,553	658		105,211	95,972
Expenditure	on:
Charitable activities			3	78,695	560		79,255	81,589
Governance			3	670			670	1,291
Total				79,365	560		79,925	82,880
Net Operating	Income			25,188				13,092
Net gains/(losses) on investments				2,224			2,224	(2,998)
Net Income for the year				27,412	98		27,510	10,094
Transfer between funds					(98)
Net movement	in funds			27,510			27,510	10,094
Fund balances	at 1 January	2023		169,375		46,754	216,129	206,035
Fund balances at 31December			2023	196,885		46,754	243,639	216,129

		Notes	2023	2022
Fixed Assets
Tangible fixed assets			46,754	46,754
Current Assets
Investments			109,623	103,215
Cash at bank and in hand			87,262	66,160
			196,885	169,375
Creditors
Amounts falling within one year
Net Current Assets			196,885	169,375
Total Assets less Current Liabilities			243,639	216,129
Total Net Assets			243,639	216,129
The Funds ofthe	Charity
Endowment funds		10	46,754	46,754
Restricted funds		11
			46,754	46,754
Unrestricted funds Designated funds General Reserve		12 13 14	33,014 163,871	28,483 140,892
			196,885	169,375
			243,639	216,129

6. ACCOMMODATION IN MANAGEMENT	6. ACCOMMODATION IN MANAGEMENT	2023	2022
The number ofunits ofaccommodation	in management
at31 December was:
			14
Number of bed spaces
7.FIXED ASSETS		2023	2022
			'K
Freehold Land and Buildings
Original 1796Stoke Hospital building	(historical cost not known)
Additions and Improvements at cost - 1970 - 1980 - 1996 - 1997 - 1998		28,726 10,279 56,263 22,480 1,538	28,726 10,279 56,263 22,480 1,538
		119,286	119,286
Less: Capital grants received
Guildford Borough Council Grant 1978/79 Social Housing Grant 1997/98 Donation from Guildford Poyle Charity 1980 Surrey County Council Grant Guildford Borough Council Grant		9,068 60,528 1,316 1,000 620	9,068 60,528 1,316 1,000 620
		72,532	72,532
Total Freehold Land and Buildings		46,754	46,754

11.REST	RICTED FUNDS
Amenities	Fund	2023	2022
Balance at	1 January 2023
Donations	received	658	140
Expenditure	in Year	(560)	(637)
Transfer (to)/from General Reserve		(98)	497
Balance at	31December 2023

12.UNRESTRICTED FUNDS	12.UNRESTRICTED FUNDS
		2023	2022
Balance at 1 January 2023		169,375	159,281
Net income for the Year		27,412	10,591
Transfer tol(from) restricted	reserve	98	(497)
Balance at 31December 2023		196,885	169,375
Allocation ofUnrestricted	Funds
		2023	2022
Designated Fands:
Extraordinary Repair Fund		11,993	6,607
Cyclical Repair Fund		21,021	20,269
Chapel Improvement Fund			1,607
		33,014	28,483
General Reserve		163,871	140,892
Balance at 31 December 2023		196,S85	169,375

					2023	2022
Reinvestment					Nil%	Nil%
New supply delivered		- Social units			Nil%	Nil%
		-Non-Social	units		Nil%	Nil%
Gearing~					Nil%	Nil%
Earnings	before interest, tax, depreciation		and amortisation	interest cover*	N/a	N/a
Headline	social housing cost per unit				K5,709	X5,920
Operating	margin	- Social Housing Lettings			26%	14%
		- Overall			26%	14%
Return on capital employed					11%	6%

FOR THK YEAR ENDED
	2023	2022
INCOME
Contributions by Residents (net ofvoids) Investment and other income	84,090 5,366	79,182 4,953
Grants and donations	808	365
Total Charitable Income	90,264	84,500
EXPENDITURE
Charitable Activities
Electricity and gas Water rates	10,654 2,112	8,446 1,435
TV Licences	227	219
Less: Residents contributions	(14,947)	(11,472)
Net utility costs/(credit)	(1,954)	(1,372)
Extraordinary repairs Cyclical maintenance General repairs and maintenance Emergency communication system Gardening services Cleaning Window cleaning Residents' amenities	12,104 13,303 8,215 2,161 1,902 1,456 246 560	26,079 5,502 10,128 2,530 3,312 1,545 180 637
Clerk's fees and disbursements		9,355
The Trust Partnership Fees	20,997	7,400
Assistant clerk		865
Insurance	2,343	2,002
Telephone Subscriptions Printing and office expenses Sundry expenses	458 1,191 127 1,199	410 858 208 478
Governance
Professional fees	335	960
Independent Examiner's fee Bank charges	275 60	250 81
Total Expenditure	64,978	71,408
SURPLUS/DEFICIT FORTHE YEAR	25/86	13,092