Farley Hospital
(A Charitable Incorporated Organisation)
Report of the Trustees and Financial Statements
for the Year Ended 31 March 2022
Charity No: 1187181

Farfey Hoswtsl
IA Charitable Incorporated Organisation)
Index to the Financial Statements
Forthe Year Ended 31 March 2022
Contents
Page
Legal and Administrative Details
Report of the Trustees
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes forming part of the Financial Statements

Farley Hospttsl
Legal and Admlnlstrative Details
For the Year Ended 31 March 2022
STATUS
The charity is a Charitable Incorporated Organisation re8lStered wtth Charity Commission for England Wales
under its Governing Document.
TRUSTEES OF THE CHARITY
Carl Lycett
Rebecca Baxter
Adam Feest
Rachel Funnell
David Key
Joanna Parsons
Nicholas Philipp5
Jason Reeve
Lucy Rickman
Jonathan Whelan
Charles Wilkinson
resigned 8 December 2021
- resigned 21 October 2021
- resigned 8 December 2021
REGISTERED CHARITY NUMBER: 1187181
OPERATIONAL ADDRESS AND REGISTERED OFFICE
Farley Hospital
Church Road
Farley
Salisbury
SP5 IAH
INDEPENDENT EXAMINER
N D Jones
Fawcetts LLP
Windover House
St Ann Street
Page I

Farley Hospitsl
Report of the Trustees
Forthe Year Ended 31 March 2022
The Trustees present their report together with the financial statement5 for the year ended 31 March 2022.
STRucfuRE. GOVERNANCE AND MANAGEMEKt
Constitution
The charity is a Charitable Incorporated Organisation and registered with the Charity Commission. It was
established on 2 January 2020 under its governing document.
The Appointment of Trustees
The Trustees are as shown on page l.
Exisiting trustees undertake a sdection process to ensure the broad mix of skills provided by the trustees is
maintained.
OBJEcfivES AND AcrivmES
The object of the charity is for the public benefft- the prowsion and maintenance of almshouse accommodation in
the property known as Farley Hospital in the parish of Pitton and Farley, Wiltshire for poor persons of good
chararter who (except in special cases to be approved by the chartty commission) reside within a radius of 15
miles from the buildings of the charity at the time of appointment with a preference for persons resident In the
area comprising the parish of Pttton and Fadey. the parish of Grimstead and the lordship of Maddington.
Risk
The charity regularly reviews and assesses the risks it faces in all areas of its work and plans for the management
of those risks.
Publlc benefit
When planning thelr charity's activities. the charity trustees have regarded the Charity Commission's guidance on
public benefrt.
ACHIEVEMENTS AND PERFORMANCE
Further to last yearfs restoration of basic maintenance and a concentration on heating upgrade for all residents,
this yearfs building management focused on a wider ranEe of improvements to the alm5house5 bringing them
much closer to a good state of repair. Work in our cottages included windows. hot water tanks. doors, walls, and
ceilings. There is still a lot of work to do. but the quality of life of our residents has improved again. Cottage
number 8 was successfully occupied after refurbishment and so we have maintained full occupancy of the
cottages and have a waiting list. We have also continued the previously planned changes to align maintenance
contributions.
In the wardenry redecoration has continued. The formal gardens were bought back to their former glory and the
lawn was levelled and re-seeded. The wardenry also saw tts first proper use as an income generator and
community space as we hosted our first private rental for a family event and held a St. Patrick's Day party for the
village.
We have gone digital for all our charty files and communications. have created a website to advertise the charity
and events. as well as provide updates and nev￿ to the community.
Page 2

Farley Hi>spital
Report of the T￿Stee$
For the Year Ended 31 March 2022
ACHIEVEMENTS AND PERFORMANCE continued
Fundraising got a huge b005t this year as we held our first live music event in the field next to the Church. The
Queen arid ABBA party was a financial Su￿SS for the chartty. as well as brining local people together. made
more important as it was the first summer, we have been able to host large events since COVID changed so
much for everyone.
The charity has a Great Book that holds the handwritten annual accounts for most years since our creation in
1682. The book has been stored at the Wardenry for all that time. This year we accessioned the Great Book
and other important charity documents into Wiltshire Archive's environmentally controlled storage. The
charity retains ownership of our historic documents and will continue the tradition of writing it in the book, but
we can be sure that they are being stored in the best possible conditions now. The book was also professiorTrally
scanned.
There have been some changes to Try)ard membership this year. Towards the end of the year 3 board members
stepped down, all for positive reasons, with one becoming an advisor to the board. Jason Reeve stepped down
from the Chairperson position in December 2021 to become a valued trustee. The board voted Carl Lycett into
the Chairperson role, and David Key took up the post of Clerk.
FINANCIAL REVIEW
The charity's total incoming resources for the year amounted to £54.661. The total expended resources during
the year was £39.548. The year also saw the investments make an unrealised gain of £5,375. The final result
was a surplus of £20,488.
Reser4es Poliry
The charity has reserves split between two funds. The General Fund lunrestrictedl can be used in accordance
with the chartable objectives at the diSC￿tion of the trustees and finances the day-to-day running costs. The
Extraordinary Repair Fund Irestrictedl can only be used for the extraordinary repair or improvement or
rebuilding of the property belonging to the charity.
RESPONSIBILITIES OF THE TRUSTEES
Law applicable to charitie5 in Engfand and Wale5 require5 the Tru5tee5 to prepare financial statements for each
rinancial year which give a true and fair view of the Charivs financial artivities during the period and of its
financial position at the end of the period.
In preparing those financial statements-
the Trustees are required to select suitsble accounting policies and then apply them consistently,-
make judgements and estimates that are reasonable and pwdent-
State whether applicable accounting Standards and ststements of recommended practice have been
followed 5ubjett to any departures disclosed and explained in the financial statements: and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
Charity will continue in business.
Page 3

Farley Hospitsl
For the Year Ended 31 March 2022
RESPONSIBILITIES OF THE TRusfEES continued
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accurary at
any time the financial posttion of the Charity and to enable them to ensure that the financial statements
comply with applicable law and regulations. They are also responsible for safeguarding the assets of the
Charity and hence for taking reasonable steps for the prevention and detertion ot fraud and other
irregularities.
Approved by the Trustees on .-..-..
Signed on tts behalf by.=
C Lycett
Chair of Trustees
Page 4

Independent Examinerfs Report to the Trustees of
Farfey Hospital
Forthe Year Ended 31 March 2022
I report on the accounts of the charity for the year ended 31 March 2022 which are set out on pages 6 to 10.
Responsibilities and basis of report
A5 the charivs trustees you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 20111'the ACVI.
I report in respect of my examination of the charitys accounts carried out under sertion 145 of the Art and in
carrying out my examination I have followed all the applicable Directions given by the Charity Commission under
section 14515llbl of the Act.
Independent exam¥ne¢s ststement
I have completed my examination. I confirm that no material matters have come to my attention in connection
with the examination giving me cause to believe that in any material respect:
l.accounting records were not kept in respect of the charity as required by section 130 of the Act; or
2.the accounts do not accord with those recordsl- or
3.the accounts do not comply with the applicable requirements concerning the form and content of accounts set
out in the Charities IAccovnts and Reports) Regulations 2(K18 other than any requirement that the accounts give a
'true and fair view, which is not a matter considered a5 part of an independent examinationl
I have no concerns and have come across no other matters in connection with the examination to which attention
should be drawn in this report in order to enable a proper under5tsnding of the accounts to be reached.
lones
Fawcetts LLP
Windover House
St Ann Street
Salisbury
SPI 2DR
Dated..
30 January. 2023
Page 5

Farfey Hospital
Statement of Financial Activitie5
For the Year Ended 31 March 2022
Year to
31.3.22
Period to
31.3.21
Unrestricted Restricted
Note
INCOMING RESOURCES
Incoming resource5 from generated funds:
Voluntary income
Donations
Transfer of assets from Farley Hospital Ireg'd no. 2
15.952
15.952
305
125,855
15.952
15,952
126,160
Activities for generating funds
Residents, contributions
Charitable activities
35.900
35,900
27,501
Investment income
2.066
743
2,986
TOTAL INCOMING RESOURCES
53.918
743
54,661
156,647
RESOURCES EXPENDED
Raising funds
Cost of charitable artivitie5
7,757
7.757
31.791
31.791
53,008
Governance costs
3,986
TOTAL RESOURCES EXPENDED
39,548
39,548
56,994
Net Incoming Resources
14.370
743
15,113
99,653
Unrealised gain on investments
2,922
2,453
5,375
11,878
Net Incoming Resources before other
recognised gains and105se5
17,292
3,196
20.488
111.531
Net movement in funds for the year
17.292
3.196
20.488
111,531
Total funds at l April 2021
76.063
35.468
111.531
Total funds at 31 March 2022
93,355
38,664
132,019
111,531
There were no recognised gains and losses other than those shown in the above Statement of Financial Activities.
Page 6

Farley Hospital
{ChaTity number. 11871811
Balance sheet
As at 31 Marth 202Z
2022
2021
Tangible fixed assets
Heritage assets
Investments
74.(M)I
68,626
74,(K12
68.627
Current assets
Debtors
Cash at bank & in hand
io
66,017
43,804
66,017
43,804
Creditor5: amounts falling due
within one year
li
18,Cml
19LM)I
Net current assets
58,017
42,904
Net asset5
132,019
111,S31
The Funds of the Charlty
Unrestrirted Funds:
General Fund
12
93.355
76,063
Restrfrted Funds
12
38.664
35,468
Total Fund5
132.019
111,531
211,,/
The financial statements were approved by the Trustees on ......... ......
2£)LS
..and 5igr7ed on their behalf by:
C Lycett
Chair of Trustees
Page 7

Farfey Hospital
Notes to the Financial Statements
For the Year Ended 31 Mafch 2022
l. Accountlng pollcies
lal The accounts have been prepared in accordance with Accounting and Reporting by Charities: Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFR51021 {effective l January 20191 and in
accordance with the Charities Act 2011.
Farley Hospital meets the definFtion of a public benefit entity under FRS 102. Assets and liabilities are initial
retognised at historical cost or transaction value unless other4¥ise stated in the relevant accounting polic¥ notelsl.
Ibl Incomin8 resour￿$ are included in the ststement of financial affairs when the charity is legally entitled to the
income and the amount can be quantified with reasonable accuracy. For legacies, entitlement is the earlier of the
charity being notified of an impending distribution or the legacy being received.
Icl Incorning resources from grants are recognised in line with predetermined schedules of expenditure.
Idl Resources expended are recognised in the period in which they ale incurred. Resources expended include
attributable VAT which cannot be recovered. Donations are made only when they meet the objects of the charity.
Support costs are deemed to be attributsble to Charitable Expenditure onlv.
lel Fund accounting
Funds held by the charity are-
Unrestrirtedfunds- These are funds which can be used in accordance with the charitsble objects at the discretion
of the trustees.
Restrictedfunds- These are funds to be used for specific purposes at the request of the donor.
lfj Investment gains and losses
These include realised or unrealised gains or losses on the Sale of investments and any gain or loss resulting from
the revlauing investments to market value at the end of the financial period.
Igl Flxed asset investments
Investments are included at dosing mid-market value at the balance sheet date. Any gain or loss on revaluation is
tsken to the statement of financial activities. Investment income is accounted for on an accrual'5 basis.
2. Net outgoing resources for the period
Yearto
31.3.22
Period to
31.3.21
This is stated after charging-
Accountancy fee
Depreciation
Trustees did not receive any remuneration. benefits in kind nor expenses for 2022 or 2021.
Page 8

Farley Hosimtal
Notes to the Hnanclal St*ements
For the Year Ended 31 Mar¢h 2022
3. Investment income
Year to
31.3.22
Period to
31.3.21
Unrestricted Restrirted
Dividend5
Interest receivable
743
743
2.066
2,809
448
2,538
2,986
2,066
2,066
743
4. Analysis of total resources expended
Support
costs
Year to
31.3.22
Period to
31.3.21
Almshouses
Charltable actmtles
Direct costs
31,791
31.791
53,008
Govemante costs
3,986
Other costs
31,791
31.791
56.994
5. Charitable artiwities expenditu
Year to
31.3.22
Period to
31.3.21
Unrestricted
Restricted
Recurring repairs to almshouses
Major works to almshouses
Water rates
Gardener, arboricultural contractor etc
Insurance- property and trustees indemnity
Almshouses Association subscription
Stationery and offite costs
Sundry expenses
Bank charges
Light and heat
Council tax
Salaries
18.254
18,254
4,112
32,738
2,118
2,886
2,311
179
86
332
69
2,456
5,006
715
1.193
90
2.030
369
778
434
96
549
3.347
4.651
1,193
90
2.030
369
778
434
96
549
3,347
4,651
31,791
31.791
53,008
6. Governance costs
Year to
31.3.22
Period to
31.3.21
Unrestricted
Restrirted
Legal and professional costs
Independent examiner fees
3,986
3,986
Page 9

Farley Hospital
Notes to the Flnancial Statements
For the Year Ended 31 March 2022
7. Taxation
The charity is exempt from tax on its charitsble artivities per sectlons 521 to 536 of ITA 2C(17. Because of Its Current
activities Farley Hospital is not ieglstered tor VAT and therefore cannot recover VAT on its expenses.
Heritage a55ets
Farley Hospital was built in 1681 and consists of six single almshouses. two larger alTnshouses and a central
wardenry. It is stated at a nominal value of £1, although for insurance purposes it is valLted at £2.4m; consequently
no depreciation is provided.
9. Investments
General
fund
Extraordinary
repalr fund
Totsl
Market value:
At 31 March 2021
Additions- annual investments purchased
Disposals
Unrealised gains
35.868
32,758
68,626
2,922
2,453
5.375
At 31 March 2022
38,790
35,211
74,001
10. Debtors
Unrestricted
Restricted
31.3.22
31.3.21
Residents contributions
Prepayments
11. Creditors: amounts falllng due wlthin one year
Unrestricted
Restricted
31.3.22
31.3.21
Other creditors
Accruals and deferred rental income
8.000
8.000
900
900
12. Analysls of net assets between funds
Net current
assets
Fixed assets
Total
Restritted funds
Unrestricted funds
Net assets at the end of the year
68.626
68,626
42,905
111,531
42,904
42,904
68.627
Page 10