THE HOSPITAL OF WILLIAM PARSON KNOWN LOCALLY AS STOKE HOSPTTAL ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Registered Charity number 1186592
THE HOSPITAL OF WILLIAM PARSON KNOWN LOCALLY AS STOKE HOSPITAL ANNUAL REPORT AND UNAUDrrED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 CONTENTS PAGE Legal and Administrative Information Report of the Trustees Independent Examiner's Report Sta¢emenl of Financial Activities Balance Sheet Notes fortning part of the Financial Statements 9-17 Value for Money Statemeni 17 Tbe Collowillg page does not forni part of the statutory aCCOUDts Detailed Income and Expenditure Aceount 18
THE HOSPITAL OF WILLIAM PARSON KNOWN LOCALLY AS STOKE HOSPITAL Page I FOR THE YEAR ENDED 31 DECEMBER 2025 LEGAL AND ADMINISTRATIVE INFORMATION REGISTERED CHARITY No: 1186592 REGISTERED ALMSHOUSE No: 143 REGISTERED PROVIDER OF SOCIAL HOUSING No: 5131 TRUSTEES The Trustees in office during ihe year were.. Trustees Mrs S Oviatt Ham (Chair) Mr C Kirton (Treasurer) Mrs S G(dfrey (Joint Vi¢e Chair) Mrs L Green (Joint Vice Chair) Mr A Jacques Mr S Lovel¢ss Clerk to Trustees: Mrs J Linfoot Scheme Manager.. Mrs A Ogldhorpe Principal office- Stoke Hospital Office 92 Stoke Road Guildford Surrey GUI 4JH Administralors.. The Trust Partnership 6 Trull Fam) Buildings Tetbury Gloucestershire GL8 8SQ Bankers.. CAF Bank Ltd 2S Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ Independent Examiner- Mr R M Dunnett 20 Strathavon Close Cranleigh Surrey GU6 8PW Investment Provider.. M&G Investments P O Box 9038 Chelmsford CM99 2XG
THE HOSPITAL OF WILLIAM PARSON KNOWN LOCALLY AS STOKE HOSPITAL Page 2 REPORT OF THE TRusfEES OF THE CHARITABLE IY4CORPORATED ORGAf41SATION FOR THE YEAR ENDED 31 DECEMBER 2025 The TrLL8tees present their report atml lh¢ financial slat¢ments of Stoke H05Pital for the year ended 31 December 2025. Constitution The Hospita] of William Parson (known locally as Stoke Hospital) is a Charitable Inrorporatcd Organisalion (CIO) registered with the Charity Commission. On l October 2020 it look over the operation and setS of th¢ unincorporated charitable trust also known as the Hospital of William Parson. This trust had been established by a will dai¢d l October 1783. The Charity is registered with the National Almshouse Association and is a Registered Provider of Social Housing. Objectives and activities for the publie benefit The principal object of the Charity is to provide affordabl¢ accomtnodation for fourteen persons over the age of 50 years with a connection to Surrey. Th¢ Truse$ are pleased to say that during the year this objective was achieved. All flats were o¢¢upied during all the year by beneficiaries who meet the criteria. The Trustees have considered the Charity Commission's guidance on public benefit, and are satisfied that the work of the Charity during the year provided appropriate public benefit in accordance with ils stated objectives. The criteria used to assess those who may benefit are not unreasonably restri¢tive. Trustee$ and Principal ol¢tr$ The Charity is administered by a body of between five and ten Trusteeg. TTUSt¢es are appointed for a term of four years. Trustees can resign or b¢ removed before the end of their term of office and they can be reappointed at the expiry of ttllt term. The names of the Trustees who have held office dwing the year are shown on page l. In recruiting individuals for appointment as Trustees, the Trustees have regard to the skills, knowledge and experience needed for the effeclive administration of the Charity. The Trustees may Invi WoTplesdon Parish Council and the PCC of St John the Evangelisi, Siok¢-next-Guildford lo recommend candidates for appointment as Trustees if a vacancy occurs, although the Trustees are not obliged to accept the recommendation. The Trustee5 have appointed The Trust Partnership {P) to provide full management services for administration and clerking, property maintcnance and management, resident welfare and finance. However. a new requir¢tnent in the Social Housing Act 2023 is that managers {other than unpaid volunt¢ers) of r¢gislered rented properties, including almshouses, will have to have up-to-date qualifications in housing. TTP therefore plan5 to retain direct responsibility for administration, clerking and financial management, while identifying a separate provider and arranging a separate ¢ontract for property maiTrt¢nan¢e and resident welfare. Ac¢ountlng Prin¢lpl¢s The Charity 15 8 Registered Social Housing Provider, but as a Registered Charity and Almshouse is eligible to prepare its accounts in accordance with the Statement of Recommended Practi (SORP) for Charities. The accounting policies are set out on pages 9 and 10.
THE HOSPITAL OF WILLIAM PARSON KNOWN LOCALLY AS STOKE HosprrAL Page 3 REPORT OF THE TRUSTEES (¢ontiDued) FOR THE YEAR ENDED 31 DECEMBER 2025 IDve&tmtDt Policy The Charity may invest monies not needed for immediate working purwses. The Trustees detemiine from time to time whether this should be in bank deposits or longer-teTm investments and whether they should seek outside advice. The Charity's policy is to achieve the highest rate of return with the least risk to capital value, which the Trustees believe they have achieved during the year primarily by investing in M&G Charity Multi-asset Fund whi¢h is designed to meet these objectives. Investments are included in the accounts at market value. Fin•Dcial Review The charity achieved a sutplus for the y¢ar (before revaluations) of £10,743 ¢ompared with a surplus in the previous year of £18,409. This was after incurring repair and maintenance cosis of £59,806. The value of investments increased by £14,952 {in¢rease of £4,195 in the prior year), resulting in an overall surplus for the year of £25,695 (£22,604 in the prior year). Net a55els at 31 December 2025 lotalled £291,938 comwed with net assets at 31 [kneber 2024 of £266,243. EDdoivment Funds The original buildings of Stoke Hospital and subsequent additions forn) the pemioneni endowment of the Charity (which was Iran5feTred from the original charitable trust on l (ktober 2020). Title io the property 15 in the name of the CIO Charity, lo be held on its original trust. Reserve5 Policy In addition to Endowment Funds and Restricted Funds the Chlty holds unrestricted reserves against possible future specific and general expenditure. Designated reseryes have been established in ac¢ord#nce with The Almshouse Association guidance to fund cyclical maintenance and future extraordinary repair5. The remaining general Teserve is held against unforeseen future events and to build up fund5 for future improvements to Stoke Hospital. The Trustees have agreed at present to hold £IOO,000 in free reserves and additionally an amount in general reserves representing at least six months. expenditure. RestTlCt¢d funds ran legally b¢ Spent only for the purpose for which they were given. There were no unspent restricted funds at the year end. Risk Review The major risks to which the Charity is exposed, as identified by the Trustees, have been reviewed and systems have been e5tablish¢d to Ltigat¢ thos¢ risks. Th¢ Risk Regisl¢r is reviewed at every Trustee meeting, and the Policy is reviewed annually. The Trustees are salisfi¢d that they comply with the Governance and Financial Viability Siandard issued by Ihe Regulator of Social Housing.
THE HOSPITAL OF WILLIAM PARSON I<NOWN LOCALLY AS STOKE HOSPITAL Page 4 REPORT OF THE TRUSTEES (continued) FOR THE YEAR ENDED 31 DECEMBER 2025 2025- Review of the Year's Activities All flals wer¢ o¢¢upied throughout the year by residents who meet the criteria for beneficiaries of rhe Charity. There were no ¢hanges in the r¢sidents during th¢ Course of the year, with all having occupied th¢ir flat for at l¢&st nearly two years. Our longest standing resident has lived at Stoke Hospital for over 19 year5. Residents continued to have the benefit of the communal lounge, with its large screen television and facilities for making refreshments. as well as free use of ihe laundry and the communal gardens. Some residents met for O¢clOnal coffee moriiings. A late summer social gathering held for the residents and trustees in Septetnber. In December, we welcomed the Mayor of Guildford and other guests and supporters for the annual coffee morning. St John's Church led a carol service for the residents and the resid¢nts organised their own Christmas social gaihering. Early in 2025, a trustee and the Clerk ¢ompleied a detailed internal condition review of all the flats. The results were summarised in a survey do¢uTnent and it was good to See that in general all the property was in a good condition. The results are enabling us to plan repairs and improvements in a logical and ckrganised way. The satRe frusie¢ carried out the annual health & safety audit with the Clerk. Other safety ch¢cks in¢luded th¢ annual fire risk survey. including checks of all the fire doors, and servicing of the fire alarm system, stair lifis and gas boilers. monthly checks of smoke and carbon monoxide d¢tectors and emergency lighting. and weekly ¢he¢ks of fire extinguishers. The fire alarm is tested each we¢k. PAT testing has been complet¢d on all electrical equipment owned by the charity, as well as on all the resident5, fridges and freezers, whetlier owned by the charity or personally, because of ihe potential fire risk they PTesent. A water hygiene risk a55essment wa5 carTied out and showed the risk of legionella to be low. Repairs have been carried out to ceilings in two flats, and minor repairs completed in some of the flats. The gutters have all been cleaned. and work carried out to improve drainage. Fairly major repair work was carried out on the boundary wall, which, along with the buildings, is grade 2 listed. The atmual residents, survey was carried out for the tenth year, using for the third time the now compulsory forniai mandated by the Housing Ombudsman. The TnJst¢es were pleased to see thai the responses were once again mostly very positive. All ¢onc¢rns and sugg¢stions were followed up. The garden has remained a key amenity for the residents, with many of them actively involved in it5 maintenance. We entered the Guildford in Blootn competition again, in the container garden class. We were pl¢as¢d to be awarded not only a gold medal, but the best in class award, sustaining OUT previous record of success. In accordance with Charity Commission guidance, a number of policies have been revi¢w¢d and amended if thought necessary. These were policies for Saf¢guarding, H¢atth & Safety, Complainis, Risk Management, Reserves and Conflici of Interest. The Residents, Handbook and Regulations were also updated. We are continuing to monitor Closely the current financial situation in the context of increases in inflation and rapidly rising costs, especially for energy, that remain of considerable concern. We have benefited from our fixed period energy contract made in 2023, which gave us and the residents protection from the doubling of energy costs for six months. We hav¢ negotiat¢d a n¢w 3-year contract that has allowed us io avoid having to impose any in¢reases in the overall charges lo the resident5 from the stsrt of 2026. We have now been using the services of The Trusi Partnership for over three years. and appreciate their knowledge and experience. The Trustees have also continued to take ali active role in the management of the almshouse, using their own skills, knowledge and experience to benefit the residents and the charity.
THE HOSPITAL OF WILLIAM PARSON KNOWN LOCALLY AS STOKE HosprrAL Page 5 REPORT OF THE TRUSTEES (continued) FOR THE YEAR ENDED 31 DECEMBER 2025 Future Plans The Tiustees intend to continue to operate the Charity in accordance with its charitable objectives, and the appointment of The Trust Partnership has provided additional se¢urily and assurance of ¢ontinuily for management and administration. We expect to hav¢ a separate contract for property management and resident welfare in the early part of 2026. While there will b¢ a ¢ontinuing need to manage our fInances strategically and to respond to increasing r¢quirem¢nts for rcgulatory ¢ornplian¢e, we do noi anticipat¢ other major changes in the foreseeable future. This Annual Report was approved by the Trustees at their meeting held on 19 May 2026 and signed on their behalf by.. Mrs S Oviatt Ham Chair of Trustees •iJtL Mr C Kirton Treasurer
INDEPENDENT Ek4MtNER?S REPORT TO THE TRUSTEES OF THE HOSPIT AL OF WILLIAM PARsof4 Kf40WN LOCALLY AS STOKE HOSPIT AL ON THE UNAUDATED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 202S Page 6 I report io th¢ charity's trust¢¢s on my examination of the a¢¢ounts of the charity for the year ended 31 tkcember 2025 which are set out on pages 7 to 17. Re$ponsibilitie5 and basis of report As the charity's trustees you are responsible for the preparation of the accounts in ac¢ordance with the requirements of the Charities Act 2011 ('the Act.). I report in respe¢t of Y examination of the charity'5 accounts carried out under section 145 of the Act and in carrying out my exaFnination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Aei. Independent examiDer's statement I have completed my eaMination. I confirm that no material matters have ¢ome EO my attention in connection with the examination giving me cause to beli¢ve that in any material respect.. accounting iecords were not kept in respect of the charity as required by section 130 of the Act- or the accounts do not accord with those records,. or the accounts did nol comply with the applicable requirements concerning the fomi and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounis give a 'true and fair, view which is not a matter considered as part of an independ¢nl examination. I have no concerns and have come a¢ross no other matters in connection with the examination to which attention should be drawn iii this report in order to ¢nable k proper understanding of the accounts to be reachcd. Raymond unnett 20 Strathavon Close Cranleigh Surrey* GU6 8PW Date
THE HOSPITAL OF WILLIAM PARSON KNOWN LOCALLY AS STOKE HOSPITAL Page 7 STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED JI DECEMBER 2025 Unrestricted Restricted Endowment Fund$ Funds Funds Total Total 2025 2O2S 2025 2025 2024 Notes Income 4Dd EDdoivments from: Donations Charitable activities Investments Other 300 115,998 7,056 140 440 115,998 7,056 140 108,044 6.563 Totsl 123,354 140 123,494 114.747 Expenditure on: Charitable activities Governance 111,661 407 683 112.344 407 95,968 370 Totsl 112,068 683 112.751 96.338 Net Operating In¢om¢ 11,286 (543} 10,743 18.409 Net gains on inveslJnents 14,952 14.952 4,195 Net Income for the year 26238 (543) 25,695 22,604 Trdnsfer between funds (543) 543 Net movement in funds 25,695 25,695 22,604 Fund ba]an¢es at l January 2025 219,489 46,754 266,243 243,639 Fund balances at 31 December 2025 245,184 46,754 291,938 266,243 The statement of financial activities includes ail gains and losses recognised in the year. All in¢ome and expenditure for the year arise from the charity's continuing operations. The notes on pages 9 to 17 forni part of these financial stat¢tnenls.
THE HOSPITAL OF WILLIAM PARSON KNOWN LOCALLY AS STOKE HOSPtTAL Page 8 BALANCE SHEET AS AT 31 DECENIBER 2025 Notes 2025 2024 Fixed Assets Tangible fixed assets 46,754 46,754 Current Assets Investments Cash at bank and in hand 143.611 101,573 123,375 96,114 245,184 219,489 Creditors Amounts falling within one year Net Current Assets 245,184 219,489 Total Assets less Current Liabilities 291,938 266,243 Total Tr4eÉ Assets 291,938 266,243 The Fund5 of ihe Charity Endowment funds Restricted funds io li 46,754 46,754 46,754 46.754 Unrestricted funds Designated funds General Reserve 12 13 14 43,166 202,018 30,174 189,315 245,184 219,489 291,9J8 266,243 The notes On pages 9 to 17 fom part of these financial staternenis. The financial stateTnent5 on pages 7 to 17 were approved by the Trustees on 19 May 2026 and signed on their behalf by.. Mrs S Oviatt Ham Chair of Trustees MT C Kirton Treasurer
THE HOSPITAL OF WILLIAM PARSON KNOWN LOCALLY AS STOKE HOSPITAL Page 9 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 . ACCOUNTING POLICIES Basis of Preparation The accounts have be¢n pr¢Par on a receipts and payments basis in cordanCe with the Charities Act 2011. The financial statements have othenvise been prepared in accordan¢e with A¢¢ounting and Reporting ty Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with th¢ Financia] Reporting Standard applicable in the UK and Republic of Ircland issued in October 2019. the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102) S¢ction IA and the Charilies Act 2011. The financial statements are prepared in sterling which is the functional currency and have been rounded to th¢ nearest w>und. Income from Charitable Activities Income from charitable activities is accounted for in the period in which the charity receives it. It represents maintenance eontributions received (inclusive of the Residents, contributions lowards the cost of services). including Housing Benefits. Investment Ineome Bank interest and dividends are a¢¢ounted for in the p¢riod in which the chartty receives them. Donation5 Received Donations received are shown within income and are accounted for in the period in which the Charity receives them. Volunteers and Don*ted Servlees The Charity is grateful for lh¢ servi¢es of its trustees and other volunteers. However. no value is includ¢d in the accounts for the hour5 of unpaid work that they undertake. Any services that are donated io the charity are included as donated income and as an expense where the value of such services can be measured reliably and the amount involved is material. Expenditure Expenditure is accounted for in the period in which the chlty makes the payment and includes irrecoverable VAT. Inv¢$tments The investments are slated at market value less any provision for permanent diminution in value. Market value is taken to be the quoled single fund price ruling at the balance sheet date. All dividends are reinyested in the fund. All gains and losses on investments are included in the Statement of Financial A¢livities.
THE HOSPITAL OF WILLIAM PARSON Kf40WN LOCALLY AS STOKE HOSPITAL Page 10 NOTES TO THE FINANCIAL STATEMENTS (CODtinutd) FOR THE YEAR ENDED 31 DECEMBER 2025 l. AccouwfiiYG POLICIES (¢ontinMed) Tangible Fixed Assels Tangible fixed assets are stated at cost less capita] grants. It is the Charity's policy to Comply with the requirem¢nrs of the Tenant's Guarantee and in so doing, io maintain its housing property io a high standard through a continuing programme of refurbishment and maintenance, these costs being WTitten off whcn incurred in the Statement of Financial Activities. Consequently the life of the property and its residual value is such that any depreciation charge would not be tnaterial and therefore no depreciation is provided for in relation to housing property. The original cost of the original 1796 property is not known and as such is nol recorded in the &c¢ounts. Capital Grants Where developments have been financed wholly or partly by social housing or other grants, Ihe cost of those develoPentS has been Teduced by the amount of any relaled granls received. Insuranee Claims Insurance claims reeeived ii) respect of expenditure incurred are netted off against such expenditure. Insurance claim receipts covering loss of income are shown separately as income. Endowmen¢ Funds Endowtnent fvnds repr¢s¢ni the value of the original buildings of Stoke Hospital and subsequent additions &5 recognised in the accounts. These assets cannot be realised or charged and so are tiot available for expenditure. Income from ¢ndowtnent assets is unrestricted in its use. Restricted Funds Th¢se are gifts which have been given to the Charity to be used in ac¢ordan¢¢ wilh the wishe5 of ihe donor. They may only be applied for the purposes for which the futkls were donated. Unrestricted funds The use of these funds has not been restricted to a particular purpose by donors. They are subdivided into the General Fund and Designated Funds. Genepttl Ftsrtd The General Fund is the working fund of the Ctlarily 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 the property operating and maintenance expenditure and the general administration of the Charity. Designaledfunds Designated funds are those funds which have been allocated by the Trustees for particular purposes. Further information on the naiure and basis of the various designt¢ted funds used by the Charily is given in Note 13.
THE HOSPITAL OF WILLIAM PARSON KNOWN LOCALLY AS STOKE HOSPITAL Page 11 NOTES TO THE FINANCIAL STATEMENTS (eontinued} FOR THE YEAR ENDED 31 DECEMBER 2025 2. INCOME FROM CHARITABLE ACTIVITIES 2025 2024 Maintenance contributions received 115,998 108,044 The above repr¢sents the Charity's social housing in¢om¢ for the y¢ar, net of voids. The occupancy rate was IOOQA {2024- 99Yo), with void cosls of £nil {2024- £1,025) Included in th¢ above are servi¢e Charges of £20,486 (2024- £17,827). 3. EXPENDITURE Unrestricted Restricted Endowment Funds Funds Funds Total Total 2025 2025 2025 2025 21124 Ch*ritxble expenditure Stoke Hospital prop¢rty maintenance costs Professional fees Support costs Residents, amenities 84,666 84,666 62,633 3,276 29,424 635 26,995 26,995 683 683 111,661 683 112,344 95,968 GoveTll#Dce costs Professional fees Independent Examiner's fee Bank charges 47 300 60 47 Joo 60 35 275 60 407 407 370 112,068 683 112,751 96J38 All expenditure relates to Sla1 housing activities. 4. EMPLOYEES There w¢r¢ no ¢mploye¢s in the year (2024 - nil)- No TTUStee received any r¢mun¢ration from the Charity during the year (2024- none).
THE HosprrAL OF WILLIAM PARSON KNOWN LOCALLY AS STOKE HOSPIT AL Page 12 NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2025 5. REIMBURSEMENT OF EXPENSES TO TRUSTEES During the year there were payments tota]ling £437 made to three of ihe Trustees of the Charity in respect of the reimbursement of expenses in¢urred by them on behalf of the Charily (2024- £nil)- 6. ACCOMMODATIOLY IN MANAGEMENT 2025 2024 The number of units of accommodation in management at 31 De¢ember was: Number of bed spaces 14 14 7. FIXED ASSETS 2025 2024 Freehold Land and Buildings Original 1796 Stok¢ Hospital building (lii5tori¢a] cost not knowrL) Additions and Improv¢ments 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.. Capicaj grants received Guildford Borough Council Grant 1978179 Social Housing Grant 1997198 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 atid Buildings 46,754 46,754 The freehold lat)d and buildings were transferred from The Hospital of William Parson {Trust} on I October 2020. The Social Housing Grant of £60,528 is potentially repayable lo 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 FJNANCIAL STATEMENTS (eontinued) FOR THE YEAR EIYDED 31 DECEMBER 2025 . INVESTMENTS 2025 2024 M&G Charity Mulii-asset Fund VaSue a5 at l January 2025 Additions Dividends reinvested Revalued in Year 123.375 109,623 5,000 4.557 4,195 5,284 14,952 Value as at 31 December 2025 143,611 123,375 Histori¢al Cost 61,992 61,992 9. ANALYSIS OF NET ASSETS BETWEEN FUNDS At 31 December 2025 Fixed Assets Investments Casb Total Unrestricted Funds Restricled funds Endowment fund 143.611 101,573 245,184 46,754 46,754 46,754 143,611 101,573 291,938 At 31 De¢ember 2024 Fixed Assets Investments Cash Totsl Unrestricted Funds Reslrieted funds Endowment fund 123,375 96,Il4 219,489 46,754 46,754 46,754 123,375 96,114 266243
TIIE HOSPITAL OF WILLtAM PARsof4 KNOWN LOCALLY AS STOKE HOSPITAL Page 14 NOTES TO THE FINANCIAL ST ATEMEPnS (continued) FOR THE YEAR ENDED 31 DECEMBER2025 10. EIYDOWMENT FUI¥DS 2025 2024 Balance at l January 2025 46,754 46.754 Balance &t 31 December 2025 46,754 46,754 Endowment funds represent ihe value of the original buildings of Stoke Hospital and subsequent additions as recognised in the accounts. These asseis eannoi be realised or charged and so are not available for expenditure. Income from endowment assets is unreslTlCted in it5 US¢. 11. RESTRICTED FUNDS Amenities Fund 2025 2024 Balance at l January 2025 Donations received Expenditure in Year Tr8nsf¢r (io)Ifrom General Reserve 140 (683) 543 140 (635) 495 Balance 31 December 2025 The Amenities Fund represents donations received that were given for the direct benefit the Tesidents of SÉoke Hospitsl less amounts thus spent. Restricted funds represent those furkds received for a specific purpose. These reserves ¢a only be used for the purpose for which they were given. There £nil unspent restricted funds at th¢ end of the year.
THE HOSPITAL OF WILLIAM PARSON KNowf4 LOCALLY AS STOKE HOSPIT AL Page 15 NOTES TO THE FINANCIAL STATEMEIYTS (¢ontinued) FOR THE YEAR ENDED 31 DECEMBER 2025 12. UNRESTRICTED FUNDS 2025 2024 Balanc¢ at l Janvary 2025 Net income for the Year Transfer tol(frotn) restri¢ied res¢rve 219,489 26.238 (543) 196,885 23.099 (495) Balance at 31 December 2025 245,184 219,489 Allocation of UDrestricted Fund5 2025 2024 DesignatedFunds.' Extiaordinary Repair Fund Cyclical Repair Fund 19,163 24,003 15,512 14,662 43,166 202,018 30,174 189,315 GenerolReserve Balance at 31 De¢ember 2025 245,184 219,489 Unrestricted funds repres¢nl the 'free r¢s¢rves' of the charity that can be used in accordance with the charitable object5 at the discretion of the trustees. The irustees have chosen to designate certain amounts for Specific PUTposes in order to provide for certain types of future expenditure. These are shown a5 designated funds, with further detsil given in Note 13 below.
THE HOSPITAL OF WILLIAM PARSON KNOWN LOCALLY AS STOKE HOSPITAL Page 16 NOTES TO THE FINAIYCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2025 IJ. DESIGNATED FUNDS Extra- ordin#ry Repalr Fund Cbapel Cyclical Improve- Repair ment Fund Fund Designated funds for the year ended 31 December 2025 Total Balances at l January 2025 Allocation from General Reserve Expenditure 15,512 45.002 (41,351) 14,662 16.341 (7,000) 30,174 61,343 (48.351) Balances at 31 December 2025 19,163 24,003 43,166 Extra- ordinary Repair Fund Chapel Cyclical Improve• Repair ment Fund Fund Designated funds for th¢ year ended Jl Deeember2024 Total Balances at l January 2024 Allocation from General 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 The movements in designated funds represent a net transfer from general reserves of £3,652 (2024- £3,519 from general reserve5) in respect of the Extraordinary Repair Fund, a net transfer from general reserves of £9,340 (2024 - £6,359 to g¢neral reserves) in respect of the Cyclical Repair Fund and a net transfer to general re5¢rves of £nil (2024- £nil from general reserves) in r¢spe¢t of the Chapel Itnprovernent Fund. The purposes of the designated futtds are as follows.. Exlrdordinary Repair Fund The charity sets aside a fund for future major repairs expenditure on ils property insofar &$ such expenditure is noi eligible for grants from Homes England or local authorities. In setting the amount allocaied to the Extraordinary Repair Fund the Trustees ¢onsider the guidance on ihis issued by The Almshouse Association. CyclicalRepair Furyd A designated reserve h&s been established for the anticipat¢d costs involved in th¢ future cyclical repairs and maintenance such as external redecoration and maintenance. In setting the amouni allocated to ihe Cyclical Repair Fund the Trustees consider the guidance oil this issued by The AITnshouse Association. ChapelInyrovemeNI Fund A designated reserve had been established for the improvement of the residents, common room at Stoke Hospital (known as 'The Chapel,). The refurbishment and improvernent has now been completed.
THE HOSPITAL OF WILLIAlkl PARSON KNOWN LOCALLY AS STOKE HOSPITAL Page 17 NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2025 14. GENERAL RESERVE 2025 2024 Balance at l January 2025 Net Jn¢ome for the year Net transfers (toyfrom d¢sigrtated reserves Transfer (to)Ifrom restricted reserve 189,315 26,238 (12,992) (543) 163,871 23,099 2,840 {495) Balance at 31 December 2025 202,018 189,315 15. VALUE FOR MONEY The seven value-for-money perfomaiice metrics for the charity &$ required by the Regulator of Social Housing are as follows.. 2025 2024 Reinv¢sttn¢nt New supply delivered Social units Non-So¢ial units Gearing. Earnings before interest, tax, deprecialion and 8rn0rtisation interesi cover Headline social housing cost per unil Operating margin - Social Housing Lettings OveTall Nla £8,054 Nla £6,881 R¢turn on capital employed The charity has no borrowings and pays no interest. The Tnjstees do not believe that there are any areas of underperformance. 16. RELATED PARTY TRANSACTIONS There were reimbursements of expenses totalling £437 10 three trustees during the year (2024 - £nil).
17 JUN 2026 THE HOSPITAL OF WILLL4M PARSON KNOWN LOCALLY AS STOKE HOSPITAL Page 18 DETAILED INCOME AND EXPENDITURE Accouwf- Management Informatlon Only FOR THE YEAR ENDED 31 DECEMBER 2025 2025 2024 INCOME Contributions by Residents (n¢t of voids) Investment and other income Grants and donations 95,5 l2 7,056 440 90,217 6,563 140 Total Charitable Income 103,008 96,920 EXPENDITURE Charitable Aclivilie5 Electricity and gas Water rates TV Licences Lcs5= Residents contributions 13,247 1.744 170 (20,486) 16,580 1,995 227 (17,827) Nei urility cosls/(cre&i) Extraordinary repairs Cyclical maintenance General repairs and maintenance Professioiial fee5 Emergency communication system Gardening services Cleaning Window cleaning Residents, amenities The Trust Partnership Fees Insurance Telephone Subscriptions Printing and office expenses Sundry expenses GoverAoAee Professsonal fees Independent Examiner's fee Bank charges (5,325) 41,351 7,000 11,455 935 2.816 22.074 9,459 3,276 2,478 3,075 1,554 248 635 25.746 2,167 536 I,584 184 1,374 2,821 3.174 1.344 124 683 23,009 2,236 341 1.443 316 1.886 47 300 60 35 275 60 Total Expenditure 92,265 78,511 SURPLUS FOR THE YEAR 10,743 18,409 This page does not fonn part of th¢ statutory a¢counts.