# **Farley Hospital (A Charitable Incorporated Organisation)**
**Report of the Trustees and Financial Statements**
**for the Year Ended 31 March 2025**
**Charity No: 1187181**
**Farley Hospital (A Charitable Incorporated Organisation)**
**Index to the Financial Statements For the Year Ended 31 March 2025**
|**Contents**|**Page**|
|---|---|
|Legal and Administrative Details|1|
|Report of the Trustees|2|
|Independent Examiner's Report|5|
|Statement of Financial Activities|6|
|Balance Sheet|7|
|Notes to the Financial Statements|8|
**Farley Hospital**
## **Legal and Administrative Details**
## **For the Year Ended 31 March 2025**
## **STATUS**
The charity is a Charitable Incorporated Organisation registered with Charity Commission for England Wales under its Governing Document.
## **TRUSTEES OF THE CHARITY**
Jason Reeve David Key (Chair) Nicholas Philipps Emma Reeve Sally Fairall Jim Cullen _appointed 08/10/2024_ Mike Bergstrom _appointed 11/03/2025_ Steve Mansfield _resigned 10/04/2024_ Carl Lycett _resigned 10/04/2024_ Adam Johnson _resigned 12/06/2024_ Joanna Parsons _resigned 14/08/2024_
## **REGISTERED CHARITY NUMBER: 1187181**
## **OPERATIONAL ADDRESS AND REGISTERED OFFICE**
Farley Hospital Church Road Farley Salisbury SP5 1AH
## **INDEPENDENT EXAMINER**
N D Jones (FCCA) Fawcetts LLP Windover House St Ann Street Salisbury SP1 2DR
Page 1
**Farley Hospital**
## **Report of the Trustees**
## **For the Year Ended 31 March 2025**
The Trustees present their report together with the financial statements for the year ended 31 March 2025.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **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 1.
Exisiting trustees undertake a selection process to ensure the broad mix of skills provided by the trustees is maintained.
## **OBJECTIVES AND ACTIVITIES**
The object of the charity is for the public benefit: the provision 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 character who (except in special cases to be approved by the charity 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 Pitton and Farley, 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.
## **Public benefit**
When planning their charity's activities, the charity trustees have regarded the Charity Commission's guidance on public benefit.
## **ACHIEVEMENTS AND PERFORMANCE**
During the 2024–25 financial year, the Trustees of Farley Hospital continued to demonstrate strong and active stewardship of the charity, focusing on the wellbeing of residents, the careful management of the Grade I listed almshouse buildings, and engagement with the community, ensuring long-term sustainability of the Trust. The year has been characterised by increased engagement, improved governance, and tangible progress across property, community and financial activity.
## **Property Stewardship and Maintenance**
The Trustees maintained a strong focus on protecting and improving the historic fabric of Farley Hospital. Planned and reactive maintenance was overseen throughout the year, addressing both long-standing and emerging issues while ensuring residents’ comfort and safety.
Key areas of work included progressing major window replacement planning, roof investigations and repairs, chimney and flue safety, draught-proofing of cottages (with more required), external lighting improvements, and ongoing garden and boundary maintenance. Annual building inspections were completed, with follow-up works scheduled and prioritised appropriately. The Trustees continued to take a prudent, phased approach to larger projects, balancing conservation requirements with financial responsibility.
The appointment and effective use of trusted contractors, alongside significant volunteer input from Trustees and supporters, ensured works were delivered efficiently and with care for the historic nature of the site.
Page 2
**Farley Hospital**
## **Report of the Trustees**
## **For the Year Ended 31 March 2025**
## **ACHIEVEMENTS AND PERFORMANCE continued**
## **Resident Support and Wellbeing**
Resident welfare remained central to all Trustee activity. Regular residents’ meetings were held, supported by frequent informal contact between the Warden, Chair and residents. Trustees worked collaboratively with residents to resolve individual issues and manage maintenance concerns.
The maintenance contribution (MMC) review was conducted transparently and in line with national guidance, with individual meetings held to ensure residents understood the changes and had an opportunity to raise concerns. Trustees also continued to improve documentation, including resident handbooks and processes, to ensure clarity, fairness and consistency.
A notable positive development during the year was the strengthening sense of community within the almshouses, residents started holding social events in the Wardenry alongside new shared events, and improved communication between residents and Trustees.
## **Governance and Trustee Development**
The Trustees placed significant emphasis on strengthening governance during the year. Trustee recruitment was progressed to address skills gaps and succession planning, resulting in the appointment of new Trustees with expertise in administration, documentation, and building maintenance. This has significantly improved the capacity of the Board to manage compliance, record-keeping and operational workload.
Charity Commission records were updated, financial processes reviewed, and administrative backlogs addressed. The Trustees also worked to clarify internal roles and responsibilities, supporting more effective decision-making and accountability.
## **Income Generation and Financial Sustainability**
Alongside careful cost control, the Trustees continued to diversify income streams to support the long-term sustainability of the charity. Fundraising events, including the Clay Shoot and Farley Live, were successfully delivered, realising a significant increase in raised funds while strengthening engagement with the local community.
The Wardenry continued to be used for AirBNB rentals and local events, with excellent feedback from guests and growing confidence from residents in its managed use. Trustees carefully balanced income generation with the need to protect resident privacy and the character of the site.
## **Community Engagement**
Farley Hospital remained an active and valued part of the wider village community. Events hosted at the Wardenry, fundraising activities, and open engagement with local groups enhanced awareness of the charity and its work. Trustees also explored partnerships and opportunities linked to the historic significance of the buildings, supporting both conservation and education.
## **Conclusion**
The Trustees have worked throughout the year to ensured that Farley Hospital remains a safe, well-maintained and supportive place to live, while laying strong foundations for future sustainability. Residents have also made an important contribution to this work and the community of the Alms The progress made during 2024–25 reflects a committed and engaged Board, working closely with the Warden, residents and the wider community to uphold the charity’s objectives.
Page 3
**Farley Hospital**
## **Report of the Trustees**
## **For the Year Ended 31 March 2025**
## **FINANCIAL REVIEW**
The charity's total incoming resources for the year amounted to £87,949. The total expended resources during the year was £49,978. The year saw the investments make an unrealised gain of £1,158. The final result was a surplus of £39,129.
## **Reserves Policy**
The charity has reserves split between two funds. The General Fund (unrestricted) can be used in accordance with the chartable objectives at the discretion of the trustees and finances the day-to-day running costs. The Extraordinary Repair Fund (restricted) 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 charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the Charity’s financial activities 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 suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards and statements of recommended practice have been followed subject 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.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position 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 detection of fraud and other irregularities.
Approved by the Trustees on ……………………………….. and signed on its behalf by:
……………………………………………………….
D Key Chair of Trustees
Page 4
**Independent Examiner's Report to the Trustees of**
## **Farley Hospital**
## **For the Year Ended 31 March 2025**
I report on the accounts of the charity for the year ended 31 March 2025 which are set out on pages 6 to 10.
## **Responsibilities and basis of report**
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s accounts carried 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 Act.
## **Independent examiner's statement**
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:
1. 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 records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.
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 understanding of the accounts to be reached.
N D Jones (FCCA) Fawcetts LLP Windover House St Ann Street Salisbury SP1 2DR
Dated: …......................
Page 5
## **Farley Hospital**
## **Statement of Financial Activities**
## **For the Year Ended 31 March 2025**
|Note
**INCOMING RESOURCES**
**Voluntary income**
Donations
**Activities for generating funds**
Residents' contributions and rents
Fundraising activities
**Investment income**
3
**Raising funds**
**Cost of charitable activities**
5
**Governance costs**
6
**Net movement in funds for the year**
Total funds at 1 April 2024
**Total funds at 31 March 2025**
**TOTAL INCOMING RESOURCES**
**RESOURCES EXPENDED**
**TOTAL RESOURCES EXPENDED**
**Net Incoming/(Outgoing) Resources**
**Unrealised gain/(loss) on investments**
**Net Incoming Resources before other recognised**
**gains and losses**
**Incoming resources from generated funds:**
**Transfer between funds**|Unrestricted
£
721
50,182
35,102
844
86,849
17,917
32,061
-
49,978
36,871
(1,051)
35,820
6,078
41,898
97,958
139,856|Restricted
£
-
-
-
1,100
1,100
-
-
-
-
1,100
2,209
3,309
(6,078)
(2,769)
42,205
39,436|Year to
31.3.25
£
721
50,182
35,102
1,944
87,949
17,917
32,061
-
49,978
37,971
1,158
39,129
-
39,129
140,163
179,292|Year to
31.3.24
£
24,018
43,477
-
2,293
69,788
11,371
58,203
-
69,574
214
4,496|
|---|---|---|---|---|
|||||4,710
-
4,710
135,453
140,163|
There were no recognised gains and losses other than those shown in the above Statement of Financial Activities.
Page 6
## **Farley Hospital (Charity number: 1187181)**
## **Balance Sheet**
## **As at 31 March 2025**
|**Notes**
**Tangible fixed assets**
Heritage assets
8
Investments
9
**Current assets**
Debtors
10
Cash at bank & in hand
**Creditors: amounts falling due**
**within one year**
11
**Net current assets**
**Net assets**
**The Funds of the Charity**
**Unrestricted Funds:**
General Fund
12
**Restricted Funds**
12
**Total Funds**|£
£
1
78,208
78,209
-
101,083
101,083
-
101,083
179,292
139,856
39,436
179,292
2025|£
£
2024|£
£
2024|
|---|---|---|---|
||-
101,083|-
63,112|1
77,050|
||||77,051
63,112|
||101,083
-|63,112
-||
|||||
||||140,163|
||||97,958
42,205|
||||140,163|
The financial statements were approved by the Trustees on ………………..………….and signed on their behalf by:
……………………………………………………….
D Key Chair of Trustees
Page 7
**For the Year Ended 31 March 2025**
## **Farley Hospital**
## **Notes to the Financial Statements**
## **1. Accounting policies**
(a) 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 (FRS102) (effective 1 January 2019) and in accordance with the Charities Act 2011.
Farley Hospital meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
(b) **Incoming resources** are included in the statement 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.
(c) **Incoming resources from grants** are recognised in line with predetermined schedules of expenditure.
(d) **Resources expended** are recognised in the period in which they are 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 attributable to Charitable Expenditure only.
## (e) **Fund accounting**
Funds held by the charity are:
_Unrestricted funds -_ These are funds which can be used in accordance with the charitable objects at the discretion of the trustees.
_Restricted funds -_ These are funds to be used for specific purposes at the request of the donor.
## (f) **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.
## (g) **Fixed asset investments**
Investments are included at closing mid-market value at the balance sheet date. Any gain or loss on revaluation is taken to the statement of financial activities. Investment income is accounted for on an accrual’s basis.
## **2. Net outgoing resources for the period**
||Year to||Year to||
|---|---|---|---|---|
||31.3.25||31.3.24||
|This is stated after charging:|£||£||
|Accountancy fee||-||-|
|Depreciation||-||-|
Trustees did not receive any remuneration, benefits in kind nor expenses for 2025 or 2024.
Page 8
## **Farley Hospital**
## **Notes to the Financial Statements**
## **For the Year Ended 31 March 2025**
## **3. Investment income**
|Dividends
Interest receivable
**4. Analysis of total resources expended**
**Charitable activities**
Direct costs
**Governance costs**
**Other costs**
**5. Charitable activities expenditure**
Recurring repairs to almshouses
Water rates
Gardener, arboricultural contractor etc
Insurance - property and trustees indemnity
Almshouses Association subscription
Stationery and office costs
Sundry expenses
Bank charges
Light and heat
Council tax
Salaries
**6. Governance costs**
Legal and professional costs
Independent examiner fees|Unrestricted
£
-
844
844
Almshouses
£
32,061
-
-
32,061
Unrestricted
£
12,594
1,953
2,412
6,222
353
440
240
60
1,890
-
5,897
32,061
Unrestricted
£
-
-
-|Restricted
£
1,100
-
1,100
Support
costs
£
-
-
-
-
Restricted
£
-
-
-
-
-
-
-
-
-
-
-
-
Restricted
£
-
-
-|Year to
31.3.25
£
1,100
844
1,944
Year to
31.3.25
Total
£
32,061
-
-
32,061
Year to
31.3.25
£
12,594
1,953
2,412
6,222
353
440
240
60
1,890
-
5,897
32,061
Year to
31.3.25
£
-
-
-|Year to
31.3.24
£
767
1,526|
|---|---|---|---|---|
|||||2,293|
|||||Year to
31.3.24
Total
£
58,203
-
-|
|||||58,203|
|||||Year to
31.3.24
£
35,685
1,778
460
5,729
343
332
1,594
60
2,719
3,684
5,819|
|||||58,203|
|||||Year to
31.3.24
£
-
-|
|||||-|
Page 9
## **Farley Hospital**
## **Notes to the Financial Statements**
## **For the Year Ended 31 March 2025**
## **7. Taxation**
The charity is exempt from tax on its charitable activities per sections 521 to 536 of ITA 2007. Because of its current activities Farley Hospital is not registered for VAT and therefore cannot recover VAT on its expenses.
## **8. Heritage assets**
Farley Hospital was built in 1681 and consists of six single almshouses, two larger almshouses and a central wardenry. It is stated at a nominal value of £1, although for insurance purposes it is valued at £2.4m; consequently no depreciation is provided.
## **9. Investments**
|**Market value:**
At 31 March 2024
Additions - annual investments purchased
Disposals
Unrealised gains
At 31 March 2025
**10. Debtors**
Residents contributions
Prepayments
**11. Creditors: amounts falling due within one year**
Other creditors
Accruals and deferred rental income
**12. Analysis of net assets between funds**
Restricted funds
Unrestricted funds
Net assets at the end of the year|Unrestricted
£
-
-
-
Unrestricted
£
-
-
-|General
fund
£
39,823
-
-
(1,051)
38,772
Restricted
£
-
-
-
Restricted
£
-
-
-
Fixed assets
£
39,436
1
39,437|Extraordinary
repair fund
£
37,227
-
-
2,209
39,436
31.3.25
£
-
-
-
31.3.25
£
-
-
-
Net current
assets
£
-
139,855
139,855|Total
£
77,050
-
-
1,158|
|---|---|---|---|---|
|||||78,208|
|||||31.3.24
£
-
-|
|||||-|
|||||31.3.24
£
-
-|
|||||-|
|||||Total
£
39,436
139,856|
|||||179,292|
Page 10
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**Document ID** 58120000-a4ba-6253-73a9-08de5e65869b **Document Bundle ID** 27d90000-fc2e-867c-6cbe-08de5e65873d **Uploaded to FuseSign** 2026-01-28 13:19 +01:00 **FuseSign subscriber** Fawcetts LLP **Initiator email** zach.neve@fawcetts.co.uk **Signed by** dave (dave@farleyhospital.org), Nicholas Jones (nick.jones@fawcetts.co.uk) **System finalisation** 2026-01-29 16:54 +01:00 **Verify URL** https://app.fuse.work/fusesign/verify/58120000-a4ba-6253-73a9-08de5e65869b
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