THE HosP￿AL OF WILLIAM PARSON
KNOWN LOCALLY AS STOKE HOSPITAL
ANNUAL REPORT AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024
Register¢d Charity number 1186592

THE HOSPIT AL OF WILLIAM PARSON
KNOWN LOCALLY AS STOKE HosprrAL
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
CONTENTS
PAGE
Legal and Administrative Infomiation
Report of th¢ Trustees
Independent Examin¢r's Report
Siatement of Financial Activities
Balance Sheet
Notes fomiing part of the Financial Siaternenls
9-17
Value for Money Statement
The following page does not form part of the statutory accounts
Deiailed Income and Expenditure Account
18

THE HOSPITAL OF WILLIAM PARSON
KNOWN LOCALLY AS STOKE HOSPITAL
Page I
FOR THE YEAR ENDED 31 DECEMBER 2024
LEGAL AND ADMINISTIi4TIVE INFORMATION
RKGISTERED CHARITY No." 1186592
REGISTERED ALMSHOUSE No: 143
REGISTERED PROVIDER OF SOCIAL HOUSKNG No". 5131
TRUSTEES
The Trustees in office during the year were=
Trustees
Mrs S Oviatt Ham {Chair)
Mr C Kirton (Treasurer)
Mr D Clarke (resigned 30 November 2024)
Mrs S Godfrey (Joint Vice Chair)
Mrs L Green (Joint Vice Chair)
Mr A Jacques (appointed 26 Nov¢mb¢r 2024}
MT S Loveless
Clerk to Trustees..
Mr Benjamin Janes (until 20 February 2024)
Julia Linfoot (from 20 February 2024)
Assistant Clerk..
Ms Jill Lawrence (until 20 February 2024)
Ms Claire Myers (resigned l October 2024)
Scheme Manager..
Mrs Andie Oglethorpe (Irom 9 December 2024)
Principal office..
Stoke Hospital Office
92 Stoke Road
Guildford
Surrey GUI 4JH
Adminis¢rators'.
Th¢ Tr￿st Partnership
6 TTUII Fm Buildings
Teibury
Gloucestershire GL8 8SQ
Banker5".
CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill
West Malling
Kent ME19 4JQ
Independent Exatniner..
Mr R M Dunnett
20 Strathavon Close
Cranleigh
Surrey GU6 8PW
Investhient Provider:
M&G Investments
P O Box 9038
Chelmsford CM99 2XG

THE HOSPITAL OF WILLIAM PARSON
KNOWN LOCALLY AS STOKE HOSPITAL
Pxge 2
REPORT OF THE TRUSTEES OF THE CHARITABLE INCORP0114TED ORGANISATION FOR
THE YEAR ENDED 31 DECEMBER 2024
The Trusiees pr¢s¢nt their report and the financial statements of Stoke Hospital for the year ended 31 De¢ember
2024.
Constitution
The Hospita] of William Parson (known locally as Stoke H05Pltal) 15 a Charitable Incorporated Organisation
(CIO) registered with the Charity Commission. On l October 2020 it took over the operation and assets of the
unincorporated charitable trust also known as the Hospital of William Par90n. This trust had been established
by a will dated l October 1783. The Charity is registered with the National Almshouse Association and is a
Registered Provider of Social Housing.
Objeetives and activities for the public benefit
The principal object of the Charity is to provide affordable accommodation for fourteen persons over the age of
50 years with a ¢onn¢ction to Surr¢y. Th¢ Trustees are pleased to say that during the year this objective was
achieved. All flats were occupied over almost all the year by beneficiaries who meet ihe criteria. One flat was
void at the start olthe year. It was refurbished and a new ben¢fi¢iary appoini¢d, who moved in in February.
The Tn)stee5 have ¢onsid¢r¢d the Charity Commission's guidance on public benefit, and ate satisfied that the
work of the Charity during the year provided appropriate public benefit in acGordance with its stated objectives.
The criteria l￿ed to assess those who may benefit are not unreasonably restrictive.
Trn$tee$ Prineipal o£rteers
The Charity is administered by a body of between five and ten Trustees. Trustees are appointed for a term of
four years. Tru*e¢s ¢&n resign or b¢ removed before the end of their tem of office and ihey can be reappointed
at the expiry of that ternj.
The names of the Trustees who have held office during the year are shown on page l.
In recruiting individuals for appointrnent as Trustees, the TTU5t¢es have regaTd to the skills, knowledge and
experience needed for the effective administration of the Charity. The Trustees may invite Worplesdon Parish
Council and the PCC of St John the Evangelist, Stoke-next-Guildford to Tecommend candidate5 for appointment
a5 Trustees if a vacancy occurs, although the Trustees are not obliged to accept the recommendation.
Trustees hav¢ appointed The Trust Partnership (TTP) to provide full management s¢rvi¢es for
administration and Clerking, property maint¢nan¢e and management, resident welfare and finan¢e. However, a
new requirement in the Social Housing Act 2023 is that managers {orher than unpaid volunteers) of registered
rented properties, including almshouses, will have to have up-to-dale qualifications in housing. ThP therefore
plans to retain direct responsibility for administration. clerking and financial management, while identifying a
separate provider and arranging a separate contract for property rnaintenance and resident welfare.
Accounting Principles
The Charity is a Regislered Social Housing ProvideT, but as a Registered Charity and Almshouse is eligible lo
prepare its accounts in accordance with the Stalemenl of Recommended Practice (SORPI for Charities. The
accounting policies are set out on pages 9 and 10.

THE HOSPIT AL OF WILLIAM PARSON
KNOWN LOCALLY AS STOKE HOSPITAL
Page 3
REPORT OF THE TRUSTEES {eontinued)
FOR THE YEAR ENDED 31 DECEMBER 2024
InvestJneDt Policy
The Charity may invest monies not needed for immediate working purposes. The Trustees detemiine from time
to time wheiher this should be in bank deposils OT longer-terni investments and whether they should seek outside
advice. The Charity's policy is ro a¢hieve the highest rale of return with the least risk to capita] value, which the
Trustees b¢li¢ve they hav¢ achieved during th¢ year priTnarily by investing in M&G Charity Multi-asset Fund
which is designed to meet these objectives. Investments are included in the accounts at mark¢t value.
Financial Review
The charity achieved a surplus for the year (before revaluations) of £18,409 compared wlih a SUTplus in the
previous year of £25,286. This was after incurring repair and maintenance costs of £34,349.
The value of investments increased by £4,195 (increase of £2,224 in the prior year), resulting in aJ) overall
surplus for Ihe year of £22,604 (£27,510 in the prior year).
Net assets al 31 December 2024 lotalled £266,243 ¢ornpar￿ with n¢t assets at 31 December 2023 of £243,639.
Endowment Fund$
The origiiial buildings of Sioke Hospital and subs¢quent additions fomi the permanenl endowment of the
Charity (which was transferred frotn the original charitable trust on l October 2020). Title to the property is in
the name of the CIO Charity, to be held on its original trust.
Reserves Policy
In addition to Endowment Funds and Restricted Funds th¢ Charity holds unrestricted reserves aga1t￿t possible
future specific and general expenditure. Designated reserves have been established in accordance with The
Almshouse Associalion guidance to fund cyclical maintenance and future extraordinary repairs. Th¢ remaining
general reserve is held against unforeseen future events and lo build up funds for future improvements to Stoke
Hospital. The Trustees have agreed at present to hold £IOO,000 in free reserves and additionally an amount i
gen¢ral reserves representing at least six months, expenditure.
Restricted funds ¢an legally be spent only for th¢ purpose for which they were given. There were no unspent
restricled fund5 at the year end.
Risk RevS¢w
The major risks to which the Charity is exposed, as identified by the Trustees, have been reviewed and systems
have been established to mitigate those risks. The Risk Register is reviewed at every Trustee meeting. The
Trustees are satisfied thai they ¢omply with the Governance and Financial Viability Standard issued by the
Regulator of Social Housing.

THE HOSPITAL OF WILLIAM PARsof4
KJYOWN LOCALLY AS STOKE HOSPITAL
Page 4
REPORT OF THE TRUSTEES {contiDued)
FOR THE YEAR ENDED 31 DECEMBER 2024
2024- R¢view of tbe Year'5 Activities
The Trusle¢s were pleased that during 2024, life ￿ Stoke Hospital sustained its return to normal after the
restrictions necessary during the Covid-19 pandemic. All meeting5 were held iii person and social events for
the Tesidentg continu￿. These included some film viewing on the large television screen and coffee mornings.
Some Tesid¢nts from the Caleb Lovejoy almshouse took part in crafi sessions and coffee momings. A late
summ¢r social gathering was held for the residents in early September, and later that month we took part in the
Heritage Weekend, opening our gardens lo visitors. In Dec¢mb¢r, we welcomed guests and support¢rs to the
Mayor's Coffee Morning. St John's Church led a Carol servi¢e for the residenis, and ih¢ residents organised
their own Christmas social gathering.
During 2024 one Trustee. Mr David Clarke, retired at the end of his four-year term. He was thanked for his
valuable contribution to the Charity and presented with a gift to recognise his service. A new Trustee, Nfr
Anthony Jacques, was appointed in November 2024. He a150 serves on the management board of Addison
Court. this helps lo cement our positsve relationship with them and with other local almshous¢s.
Refurbislunent was cotnpleted for an upstairs flat that had been vacated when the resident moved to a downstair5
one. The vacancy was advertised, the Trustees interviewed applicants for it and a new resident was appointed
and moved in on 16 February 2024. EPC certificates are now required in lisied buildings such as ours, and both
these flats were inspeded. One was given a C rating, and the other a D. Two other flais had major upgrades,
with a new kitchen in one and a new bathroom in the other. Cookers and cooker hoods are now being installed
when flats c)r kitcliens are re-furbished. New flooring wa5 installed in thc entrance lobby to the central block,
and the entrance and stairway to another block was re-decorated. Routine repairs and maintenance were carried
out in a number of other flats. All required safety inspeciions and tests have been eompleted, and any
recommended actions ¢arried out.
The Clerk and a Trustce hav¢ worked on a comprehensive intemal condition sutvey of all the flats, to enable
future planning for refurbishtnent and ¢omptsn¢nt ￿placementS. This is being summarised in a docum¢nt that
will infom maintenance pla[￿1ng. The Trustees are pleased that all kit¢hens and bathrooms were found to be
in fair to good condition.
The annual Resident5, Survey was carried out for the ninth year. using for the first titne the now compulsory
format mandated by the Housing Ombudsman. The Trustees were pleased to see that the responses were once
again mostly very positive. All Concerns and sugg¢51ions w¢re followed up.
The garden remained a key amenity for the r¢sid¢nls, wilh many of them actively involved in its maint¢nan¢e.
We entered the Guildford in Blooin ¢ompelilion again in th¢ n¢ighbouihood garden class. We ￿re pleased io
be awarded a silver-gilt Tnedal, sustaining our previous record of succes5.
In accordance with Charity Commission guidance, a nutnber of policies havc b¢¢n reviewed and amended if
thought necessary. These were policies for Safeguarding, Health & Safety, Cotnplaints, Risk Managetnent,
R￿erves. Equality & Diversity and Mobility Scooters. The Residents, Handbook and Regulations were also
updated.
We are closely monitoring the current financial 51tuation th¢ context of significant increases in inflation and
rapidly rising costs, especially for energy, that relnain of Considerable ¢on¢ern. We have benefited from our
fixed periixl energy contract made in 2023. which gave us and the residents pr0￿ctIon from the doubling of
energy costs for six months. We have negotiated a new 2-year contract and have continued to provide
information and advice sheets for residents on managing increases in the cost of living. and directed them to
local and national sources of support.

THE HOSPITAL OF WILLIAM PARSON
KNOWN LOCALLY AS STOKE HOSPITAL
P*ge 5
REPORT OF THE TRUSTEES (CODtinued)
FOR THE YEAR ENDED 31 DECEMBER 2024
We hav¢ now been using the services of The Trust Partnership for over two years, and appreciate their
knowledge and experienee. The Trustees have also continiied to take an active role in the management of the
almshouse, using their own skills, knowledge and experience to benefit the residents and th¢ Charity.
Future Pl#us
The Trustees intend to continue to operale the Charity in accordance with its Charitable obje¢iiv¢s, and the
appointment of The Trust Partnership provided additional security and assurance of continuity for
management and administration. W¢ expect to have a separate contract for property management and resident
welfare by the end of 2025. While there will be a continuing need to manage our finances strategically and to
r¢spond to increasing requirements for regulatory compliance, we do not anticipate other major changes in the
foreseeable future.
This Annual Report was approved by the Trustees at iheir meeiing held on 20 May 2025 and signed on rheir
behalf by..
Mrs S Oviatt Ham
Chair of Trustees
Mr C Kirton
Treasurer

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE HOSPITAL OF WILLIAM PARSON KNOWN LOCALLY AS STOKE HOSPIT AL
ON THE UNAUDITED AccouTr¥fs FOR THE YEAR EI¥DED 31 DECEMBER 2024
P4ge 6
I report to the charity's tru5t¢es on my examination of the accounts of the ¢harity for th¢ year ended 31 Decemb¢r
2024 which are set out on pages 7 to 17.
Responsibilities and basis of report
As the charity'5 trustees you are respo￿]ble for the preparation of the accounts in accordance with the
requirements of the Charities Act 2011 {'Ihe Act,).
I report in respect of my examination of the chariiy's accounts Ca￿led out under section 145 of the Act and in
carrying out my examination I have followed all the applicable Directions given by the Charity Commission
under section 145(5)(b> of the A¢t.
Independent examiner's statement
I have completed my examination. I confirm that no materia] matiers have come to my attention in connection
with the examination giving tne cause to believe that in any material r¢5pect.'
a¢¢ounting r¢¢ords were not kept in respect of the charity as required by se￿10n 130 of the Act. or
the accounts do not accord with those records. or
the a¢¢ounts did not comply with the applicable requirement5 concerning the forni and content of accounts
sel out in the Charities (Accounts and Reports) Regulations 2008 otheT than any requirement that the
ac£ouniS give a 'true and fair, view which is not a matter Considered as part of an independent
examination.
I have no concerns and have COTne across no other matieTS in connection with the exainiiiation lo which attention
should be drawn in this report in order to enable a proper underStat￿l￿g of the a¢¢ounts to b¢ reached.
Raynond Dui)nett
20 Strathayon C105e
Cranleigh
Surrey, GU6 8PW
Date

THE HosprrAL OF WILLIAM PARSON
KNOWN LOCALLY AS STOKE HOSPITAL
P*ge 7
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestri¢ted Re$trieted Endowment
Funds
Funds
Funds
Total
Total
2024
2024
21124
2024
2023
Notes
Income and EDdowmeDts from:
Donations
Charitable activities
Investments
Other
140
140
108.044
6,563
808
99,037
5,366
108,044
6,563
Total
114,607
140
114,747
105,211
Expenditure on:
Charitable activities
Governance
95,333
370
635
95,968
370
79,255
670
Total
95,703
635
96,338
79.925
Net Operating IDcome
18,904
(495)
18,409
25.286
Net gains on investments
4,195
4,195
2.224
Iyet Income for the year
23,099
(495)
22,604
27510
Transfer between funds
{495)
495
Net movement ID funds
22,604
22,604
27510
Fund balances at l January 2024
196.885
46,754
243,639
216,129
Fund balances at 31 Deeember 2024
219,489
46,754
266,243
243,639
The ststement of financial activities includes all gains and losses recognised in the year.
All income and expenditure for the year arise from the charity's continuing operations.
The notes on pages 9 to 17 forni part of these financial statements.

THE HOSPITAL OF WILLIAM PARSON
KNOWN LOCALLY AS STOKE HOSPtTAL
Page 8
BALANCE SHEET
AS AT 31 DECEMBER 2024
Notes
2024
2023
Fixed Asset8
Tangible fixed asscts
46,754
46,754
Current Assets
Invesmients
Cash at bank and in hand
123,375
96,114
109,623
87,262
219,489
Creditors
196.885
Amounts falling within one yeaT
Net Current Assets
219,489
196,885
Totsl Assets le55 Current Liabilities
266,243
243,639
Total1¥4et Assets
266,243
243,639
The Funds of the Charity
Endowment funds
Restri¢led funds
io
46.754
46,754
46,754
46,754
Unrestricted funds
D¢signated funds
General Reserve
12
13
14
30.174
189.315
33,014
163,871
219,489
196,885
266243
243,639
The notes on pages 9 to 17 fomi part of these financial statements.
The financial statements on pages 7 to 17 were approved by the Trustees on 20 May 2025
and signed on their behalf by:
Mrs S Oviatt Ham
Chair of Trustees
•LuLL
Mr C Kirton
Treasurer

THE HOSPIT AL OF WILLIAM PARSON
KNOWN LOCALLY AS STOKE HOSPITAL
Page 9
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
I. ACCOUNTII4G POLICIES
Basi$ of Preparation
The accounts have been prepared on a receipts and payments basis in accordance with the Charities Act 2011.
The financial statements have otherwise been prepared in accordance with Accounting and Reporting by
Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in ac¢ordance
with the Financial Reporting Standard applieable in the UK and Republic of Ireland issued in October 2019. the
Financial Reporting Standard applicable in the United Kingdorn and Republic of Ireland (FRS102) Section IA
and the Charities A¢t 2011.
The financial statements are Prepared in sterling which 15 the functional currency and have b¢en rounded to the
nearest pound.
Income from Charitable Aetivitie$
Incom¢ from charitable activÉties is accounted for in the period in which the charity receives it. It represents
maintenan¢e contributions r¢¢eived (in¢lusive of the Residents. contributions towards the cost of services),
including Housing Benefits.
InvestmeDt Income
Bank interest and dividends are accounted for in the period in which the charity re¢eives them.
Donatlons Re¢eived
Donalions received are shown within in¢orn¢ and are accounted for in the period in which the charity receives
Ihem.
Volunteers and Donated Services
The charity is grateful for the services of its trustees and other volunteer5. However, no value is included in the
accounts for the hours of unpaid work that they undertak¢.
Any Services that are donaied to the ch￿ilY are included as donated in¢ome and as an expense where the value
of such services can be measured reliably and the amount involved is material.
Expenditure
Expenditure is accounled for in the period in which the charity mak¢s the payment and includes irreeoverabl¢
VAT.
Investments
Th¢ inv¢sttnents are stat¢d at market value less any provision for permanent diminution in value. Market value
is taken lo be the quoted single fund price ruling at th¢ balance sheet date. All dividends are reinyested in ihe
fund. All gains and losses on investments are included in the Siat¢m¢nt of Financial Activities.

THE HOSPITAL OF WILLIAlVt PARSON
KNOWN LOCALLY AS STOKE HOSPITAL
Page 10
NOTES TO THE FINANCIAL ST ATEMENfs (continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
I. ACCOUNTING POLICIES (¢oJhtinued)
Tanglble Flxed Assets
Tangible fixed assets are 5taied at cost less capital grants. It is the Charity's policy to comply with the
Tequirem¢nts of the Tenaiit's Guarantee and in so doing, to maintain its housing property to a high standard
through a continuing programme of refurbishment and maintenance, these cosis being written off when incurred
in the Siatement of Financial Activities. Consequently the life of the property and its residu21 value is such that
any depreciation charge would not b¢ malerial and therefore no depreciation is provided for in relation to
housing property. Th¢ original cost of the original 1796 property is not known and as such is not record¢d in the
accounts.
Capital Grants
Where developments have been financed wholly or partly by social housing or other grants. t]ie Cost of those
developments has b¢en reduced by the amount of any related grants received.
Insuranee Claims
Insurance claims rec¢ived in respect of expenditure incurTed are netted off against such expenditure. Insurance
¢laim rtteipts Covering loss of iiicome are shown separately as incoine.
Endowment Funds
Endowtnent funds repTes¢nt the value of the origina] buildings of Stoke Hospital and subsequent additions as
recognised in the accounts. These ￿Sets cannot be realis¢d or charged and $0 are not available for expenditure.
Income from endowment assets 15 uJJrestrict¢d in its use.
Re5tri¢ted Funds
These are gifts which have been given to the Charity to be used in accordan¢¢ with th¢ wishes of the donor.
They m&y only be applied fw the purposes for whi¢h the funds were donated.
Unrestricted funds
The use of these funds has not been restricted io a particular purpos¢ by donors. They are subdivided into the
General Fund and Designated Funds.
Generul Fund
Th¢ General Fund is the working fund of the Charity and is available for use at the discretion of the Trustees in
furtherance of the Charity's objectives. Among the uses of the General Fund are ih¢ property operaling and
maintenance expendiiure and the general administration of the Charity,
De5igNaledfunds
D¢signated funds ar¢ those fund5 whi¢h hav¢ been allocated by the Trustees for particular purposes. Further
information on th¢ nature and basis of the various designated funds used by the Charity is given in Note 13.

THE HOSPITAL OF WILLIAM PARSON
KNOWN LOCALLY AS STOKE HOSPITAL
Page 11
NOTES TO THE FINANCIAL STATEMEIYTS {conliJ)u¢d)
FOR THE YEAR EIYDED31 DECEMBER 2024
2. INCOME FROM CHARITABLE ACTIVITIES
2024
2023
Maint¢nan¢¢ contributions r¢¢¢ived
108,044
99,037
The above represents the Chariry's social housing income for the year, nei of voids. The o¢cupan¢y rale was
990/& (2023- 98.2%), with void costs of £1,025 (2023 - £1.799)
Included in the above are service charges of £17,827 (2023 - £14,947).
3. EXPENDITURE
Unrestricted Restricted Endowment
Funds
Fullds
Funds
Total
Total
2024
2024
2024
2024
21123
Charitable expenditure
Stoke Hospital property MaIn￿nanCe costs
Professional fees
Support Cosls
Residents, amenities
62.633
3,276
29.424
62,633
3,276
29,424
635
54,723
23,972
560
635
95,333
635
95,968
79,255
Governknee Costs
Prof¢ssional fees
Independent Examiner's fee
Bank ¢harges
35
275
35
275
60
335
275
60
370
370
670
95,703
635
96,338
79,925
All expenditure relates to social hO￿ing activities.
4. EMPLOYEES
There were no employees in the year (2023 nil).
No Trustee received any remuneration from Ihe Charity during the year (2023 - none).

THE HOSPITAL OF WILLIAM PARSON
KNOWN LOCALLY AS STOKE HOSPITAL
Page 12
NOTES TO THE FINANCIAL STATEMENTS {COD¢inued)
FOR THE YEAR ENDED JI DECEMBER 2024
S. REIMBURSEMENT OF EXPENSES TO TRUSTEES
During the year there were no payments made to the Trustees of the Charity in respect of the reimbursement of
expenses in¢urr¢d by them on behalf of the Charity (2023 - £nil).
ACCOMMODATION IN MANAGEMENT
2024
2023
The number of units of accommodation in management
at 31 December was..
Number of bed spaces
14
14
7. FIXED ASSETS
2024
2023
Freehold land and Buildings
Original 1796 Sioke Hospital building (historical cosi known)
Additions and linprovemcnts at ¢051
1970
1980
1996
1997
1998
28,726
10,279
56,263
22,480
I,538
28,726
10,279
56.263
22,480
I,S38
119,286
119,286
Less.. Capital grants received
Guildlord Borough Council Grant 1978179
Social Housing Grant 1997198
Donation from Guildford Poyle Charity 1980
Surrey County Council Grant
Guildford Borough Council GTant
9,068
60,528
1,316
1,000
620
9,068
60.528
1,316
1,000
620
72,532
72,532
Total Frechold Land and Buildings
46,754
46,754
The fre¢hold land and buildings were transferred from The Hospital of William Parson {Trust) on I
Oolob¢r 2020.
The Social Housing Grant of £60,528 is ￿tentiallY repayable to Homes England in the event that the
charity's Property, which was the purpose of the grant, is sold or otherwise disposed of.

THE HOSPITAL OF WILLIAM PARSON
KNOWN LOCALLY AS STOKE HOSPITAL
Page 13
NOTES TO THE FINANCIAL STATEMLNTS (eontinued)
FOR THE YEAR ENDED 31 DECEMBER 2024
8. INVESTMENTS
2024
2023
Ma G Churity Mulri-assei Fund
Value as at l January 2024
Additions
Dividends reinvested
Revalued in Year
109,623
5,000
4,557
4,195
103,215
4,184
2,224
Value as at 31 December 2024
123,375
109,623
Historical cost
61,992
56,992
9. ANALYSIS OF NET ASSETS BETWEEN FUNDS
At 31 December 2024
Fixed Assets IDvestmeDÉs
Cash
Total
Unr¢stri¢ted Funds
Restricted funds
Endowtnent fund
123,375
96,114
219,489
46,754
46,754
46,754
123,375
96,114
266,243
At JI December 2023
FiAed Assets Investments
Cash
Totsl
Unrestricted Funds
Restricted funds
Endowment fund
109,623
87,262
196,885
46,754
46,754
46,754
109,623
87,262
243,639

THE HOSPIT AL OF WILLIAM PARSON
KNowf+i LOCALLY AS STOKE HosprrAL
Page 14
NOTES TO THE FINANCIAL STATEMENTS {CODtinued)
FOR THE YEAR ENDED 31 DECEMBER 2024
10. ENDOWMENT FUNDS
2024
2023
Balance at l January 2024
46.754
46,754
Balance al 31 De¢emb¢r 2024
46,754
46,754
Endowment funds represent the value of the original buildings of Stoke Hospital and subsequ¢nt additions
as recognised in the accounts. I'hese assets cannot be realised or charged and so are not available for
expenditure. Income from endowment assets is unrestricted in its use.
11. RESTRICTED FUNDS
Amenities Fund
2024
2023
Balance at l January 2024
Donations received
Expenditure in Year
Transfer (to)Ifrom General Reserve
140
(635)
495
658
{560}
(98}
Balance at 31 Decetnber 2024
The Amenities Fund represents donations received that were given for the direct benefit the residents of
Stoke Hospital less amounts thus spent.
Restricted funds repre5enl those funds r¢ceived for a specifi¢ purpose. These ffserves ¢an
only be used for the purpose for which they were giv¢n. There was £nil unspent restricted funds at the end
of the year.

THE HOSPITAL OF WILLIAM PARSON
KNOWN LOCALLY AS STOKE HOSPITAL
Page 15
NOTES TO THE FINANCIAL ST ATEMENTS (COD¢inued)
FOR THE YEAR ENDED 31 DECEMBER 2024
12. UNRESTRicfED FUNDS
2024
2023
Balance ai l January 2024
Net income for ihe Year
Transfer tol{from) restricted reserve
196,885
23,099
(495)
169,375
27,412
98
Balance at 31 December 2024
219,489
196,885
Allocation of Unrestrieted Funds
2024
2023
Designttled Furtds..
Extraordinary R¢pair Fund
Cyclical Repair Fund
IS,512
14,662
11,993
21,021
30,174
189,315
33,014
163,871
Gemerul Reserv
Balance at 31 December 2024
219,489
196,885
Unrestricted funds represent the 'free reserves, of the charity that can be used in a¢¢ordanc¢ with the
¢haritable objects at the discretion of the trustees. The trustees have chosen to designate c¢rtain amounts
for specific purposes in order to provide for certain types of future expenditure. Tb¢se are shown as
design&ied funds, with further deiail given in Note 13 below.

THE HOSPITAL OF WILLIAM PARSON
KNOWN LOCALLY AS STOKE HOSPITAL
Page 16
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
13. DESIGNATED FUNDS
Extrg-
ordinary
Repair
FuDd
Deslgnated funds for the year ended
31 December 2024
Chapel
Cyelic*l Improve-
Repair
ment
FuDd
Fund
Total
BalaTtces at l January 2024
Allocation from Gen¢ra] Resetve
Expenditure
11,993
21.021
9.610
15.715
(6,091) (22,074)
33,014
25,325
{28,165)
Balances at 31 December 2024
15,512
14,662
30,174
Extra-
ordinary
Repair
Fund
Designated funds for the year ended
31 De¢ember 2023
Chapel
Cycliexl Improve-
Repair
ment
Fund
Fund
Total
Balances at l January 2023
Allocation from G¢nera] Reserve
Expenditure
6,607
20,269
8,596
14,055
(3,210) (13,303)
1,607
28,483
7,287
29,938
18.894) {25,407)
Balances at 31 December 2023
11,993
21.021
33,014
The movement5 in designated funds represent a net IransfeT from general r¢serves of £3,519 (2023- £5,386
to general reserves) in respect of the Exiraordinary Repair Fund, a net transfer to general reserves of £6.359
(2023 £752 from general reserves) in respect of the Cyclieal Repair Fund and a net transfer to general
reserves of £nil (2023 - £1,607 from general reserves) in respect of the Chapel Improvement Fund.
The purposes of the designated funds are ￿ follows..
E￿rOOrdinarY Repair Fund
The charity sets aside a fund for future major repairs expettditure on ils property insofar as such expenditur¢
Is not eligible for grants from Homes England or local authorities. In setting the amount allocated to the
Extratsrdinary Repair Fund the Trustees consider the guidance on thi5 issued by The Almshouse
Association.
Cyclical Repulr Fund
A designated reserve has been established for the anticipated cosis involved in the future cyclical repairs
and maintenance surh as external redecor&tion and maintenan¢¢. In setting the amount allo¢aied to the
Cyclical Repair Fund the Trustees consider the guidance on ihis issued by The Almshouse Association.
ChapelImprovemeni Fund
A designaled reserve had been established for ihe improvement of the resid¢nls' comtnon room at Stoke
Hospital (known as 'The Chapel,). The refurbishment and improvernent has now been cornpl¢t¢d.

THE HOSPITAL OF WILLIAM PARSON
KNOWN LOCALLY AS STOKE HOSPITAL
Page 17
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR EPIDED 31 DECEMBER 2024
14. GENERAL RESERVE
2024
2023
Balance at l Janu41ry 2024
Net Income for the year
Nei transfers lo designated reserves
Transfer (lo)Ifrom restrlcted reserve
163,871
23,099
2,840
(495)
140.892
27,412
(4.S31)
98
Balance at 31 December 2024
189J15
163,871
IS. VALUE FOR MONEY
The seven value-for-money perforniance m¢trics for the charity as
required by the Regulator of Social Housing #re as follows-.
2024
2023
Reinvestment
New supply delivered
Social units
- Non-social units
Gearing.
Earnings before interest, lax, depreciation and atnortisation interest cover
Headline social housing cost per unit
Operating margin
Social Housing Lettings
- Overall
Reiurn on capital employed
N/a
£6.881
Nla
£5,709
260/¢J
260/0
The ¢harity has no borrowings and pays no interest.
The Trusie¢s do not believe that there are any areas of underperfom)ance.
16. RELATED PARTY TRANSACTIONS
There w¢re no r¢lated party transactions during the year (2023 - £nil)

THE HOSPITAL OF WILLIAM PARSON
KNOWN LOCALLY AS STOKE HOSPITAL
Page 18
DETAILED fNCOME AND EXPENDITURE ACCOUNT _ Management Information Only
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
INCOME
Contributions by Residents (net of voids)
Investtnent and other in¢ome
Grants and donaliolls
90,217
6,563
140
&S,090
5,366
808
Total Cbaritable Income
96,920
90264
ExPEND￿URE
Charifable Acliviiles
Electricity and gas
Water rates
TV Licences
Less.. Residents contribulions
16,580
1.955
227
117.827)
10,654
2,112
227
(14,947)
Nei uliliry cosls/(credif)
Extraordinary repairs
Cyclical maintenance
General repairs and maiMenan¢e
Professional fees
Emergency communication system
Gardening services
Cleaning
Window Cleaning
Residents, amenities
The Trust Partnership Fees
Insurance
Telephone
Subscriptions
Printing and oifice expe[￿5
Sundry expenses
Governance
Professional fees
Independent Ex8mrneT's fee
Bank charges
915
2,816
22,074
9,459
3,276
2,478
3,075
1,554
248
635
25,746
2,167
536
,584
184
1,374
(1,9541
12,104
13,303
8,215
2,161
1.902
1.456
246
560
20,997
2,343
458
127
1,199
35
275
60
335
275
60
Total Expenditure
78,511
64,978
SURPLUS FOR THE YEAR
18,409
25,286
This page does not fomi part of the statutory accounts.