COMPANY REGISTRATION NUMBER 14146617 PARSON LATHAM'S HOSPITAL IN OUNDLE FINANCIAL STATEMENTS 28 FEBRUARY 2024 Charlty Number 1199615
PARSON LATHAM'S HosprrAL IN OUNDLE FINANCIAL STATEMENTS PERIOD ENDED 28 FEBRUARY 2024 CONTEKrs PAGE Trustees Annual Report IndepeThJenl examinerfs reKK)rt lo the members Statement of financial activitses Balance sheet Notes to the finandal statements 10
PARSON LATHAM'S HosprrAL IN OUNDLE TRUSTEES ANNUAL REPORT PERIOD ENDED 28 FEBRUARY 2024 The Direciors of Parson Latham'8 Hospiial in Oundle rKe%ent their Report together wilh the Financial Statements for the peri(Ml ended 28 Febnry 2024. REFERENCE AND ADMINISTRATIVE DETAII RtgL%tered eharlly n4me Parson Latham's Hospitsl in Oundle Charity reglstratlon number 1199615 Company rewstration number 14146617 Rrytsttred o(fitt ?4 North Strec Oundle Peterborough PE84AL THE TRUSTEES The Irusiees who served the cnmpany during Ihe period and on the de thi$ TeEN)rt signed were as follows.. PJUI Adrian GoliLsmith (CJJair} Gwcndolcnc Audrcy Radclifte (Vice Chair) June Round Reverend SEePInj¢remY Webs Philip John Stcarn Sally Knighi Loui8¢ Foole Samantha Bolton Siman Beirton Pri%cilla Padley
PARSON LATHAM'S HOSPtrAL IN OUNDLE TRUSTEES ANNUAL REPORT (uonunij PERIOD ENDED 28 FEBRUARY 2024 STRucfuRE, GOVERNANCE AND MANACEMENT Structure And Governance The Comp4ny is LimiLed hy GUarniee and regisieyed wilh Companies House U[r ihe number 14146617 and dtts noi haye $hor¢ capital. Directors and Managers ormte under its Memorandum and knicles of Associaliun. It is d re¥istered Lhurity. number 1199615, with the Charity Commis&ion. There ure Lurrenily nine m¢mbers, etsch ot. whom d¥ree lo contribute a muximum of £1 in the event of its winding up. A.%.%ct oui in ilic ArtiLles of A&s01iulion ih¢ mcnibcr% ar¢ appuini1 by fiT5t being Jrcommendcd by the Company ur thc TnCMr.4 JfKI th¢n upprovcd by ihc McMrS in a mccting. New mcinkrs ar¢ rcqujd to familiarisc ihcmsclvcs wilh thc charity s objectives and are waincd in dL'uling wilh ull ot thL' Lhdrity'% fun¢iivns us %¥¢ uul in th¥. M¥morundum und ArtlLILs o( Associutivn. They are also insinKled as tts Iheir dulles under Company law and legal oblisAtions under charity law. Prlndple Objecllves The objeciives of the ch4riiy #re: (d) the pmvi¥icin i)f hou%ing ULLomm()dlliicin for benefi¢iart¢li in Ihe primory area of benefit (Ihe purishes v( Oundle. A%htsin an¢J Pulebn)ok irt the cvunty of Nurthillnptonshire): (bl Ihc r¢licf vf n¢ed. hurdship or distrcks umungst pcr¥uns rcsidcnt in thc primary urcu uf bcncfit: (c) tv do ull ¥ULh thin Jre in¢identul ur LonduLive to ihe attainmeni of ih&8e objecL8: (dl xeiundary objec1% urc the relief of pr)verty includins dmon&%l pen¥on¥ who llre nol residenr in th¢ primary or tTrccondary arcas ot. bcnctii but on the ba&'is that prcfcrence will be given to tIH)s¢ in n¢¢d within ihc primury und sccondwy Urc of bcncfit and l or ihc advunccmcnt of educalinn. Achlevement and PerfOrnte The ¢harity cnniinued 11$ core operaii(m af Ihe provisi()n ol holIng acc(Mnmcrtlation for Ihe eligible individuals in the primary area nf benefit. Flnan¢lAI Revlew A.¥%ei% were iniroduLed fr(?m ihe prior uninL()ii>urated Lhariiy amounlin8 w £3.1(&039. Due io ub1>1(]l ru'pdir Lus15 in thL finunLiul yLur, thLfL' was J dL.fiLit of £32,107 for ihL yL41r. How¥v¥r. inv¢suncni fund valucs incrc4scd by £36,091 and $0 OVCTall. charity funds incrcascd by £3.984 in thc year. This K8ulis in a cgnied forward fund vAlue of £3.110.023 At the year C[. Rlsk Poilcy The Board of Direciors has conducted a review of the major risks la which the Company is exposed. Where appmpriaie. liy¥iem% or pro¢eduK% have been e8tahli%hed io mitigate the risks the Company faLe
PARSON LATHAM'S HosprrAL IN OUNDLE TRUSTEES ANNUAL REPORT (c1d) PERIOD ENDED 28 FEBRUARY 2024 Trustees. RespoTh4bl]Iiles Statement Thc Tru5tecs (who arc also the directors for thc pUr8¢S of compny lawl arc responsible for preparing Ihe Trusiees. Annual Report and the financial sialemeftis in accordance wilh llpplieable law ad United Kingdom Accounitng Siandard4 (Uniled Kingdotn Generally Accepled Account1118 Practice). coMnY law requiTes the Trnsiees io prepare fJnMncial ¥wemettts' for each finwKial ye#r which give irue and fair view of the state of &ffairs of the chJritable iompuny Jnd of the incoming resources and ppli¢4¢ion of resources. including the income und expenditure, of the charir&ble company for that period. In preparing th¢s¢ finanL'ial sthiemenis. the Trnsiees are required to.. clccl suitable acc¢Junting poliLio% and thcn apply thcm Lonsistcntly; observe the methods and prin¢ipl¢$ in the Ch8riti¢5 SORP: makc judgcments and cstimatcs that are re8sonable ond prndent: 5141¢ wheiher applicable UK Accounling Siundards hdve been followed, subje¢l lo Jny nwlerial departures disclosed and explained in the financial statements; prepare Ihe finuncidl sldiemenls on the going concern buyis unlest> li Is In4)propriaie to presume thal the ¢h¥itable company will coniinue in operuiion. The TnJstee¥ are responsible for keeping proper UL'Lounting cOrdS thai diKlo%e with re&ionllble UL'Lunicy tit uny tirnL' thL finunciul po$ilitsn of lh¢ ¢hurithblu cvmpuny und LnublL ihLm lu LnsurL th&1 rhc finun¢ial slut¢m¢nts comply with thc Companic5 Act 21x16. Th¢ Tru8tco% arc alw rospon.sibl¢ for safeguarding the ak¥eL% of the Lharitable company and henLe for tskinB r¢uwn¥ble steps for ihe pr¢venlion and delecuon of fraud and other Iegularl1]e5. This Report was appmyed on 22 April 2024 by Ihe Bogrd of Direciors and signed on Iheir behr by: (Chair&On)
PARSON LATHAM'S HosprrAL IN OUNDLE INDEpENDEr EXAMINEFfs REPOFrr TO THE MEMBERS OF PARSON LAThAM'S HOSPITAL IN OUNDLE PERIOD ENDED 28 FEBAUARY 2024 I rcport on th¢ finan¢t41 Statcnts of the charitsbl¢ company on page5 8 and onwards for the wiod ended 211 Fel)ruary 2024 which have heen prepared in accordanLf wilh the Ch8Jities Aci 2011 (the Act) and with the FanCIaL Rep(xting Staod2rd IFRS 102 SORP). under the historical convention and the accounting policies out on page 10. RsPEcTIvE RKSPONSIBILrriES OV TRusfFXS AND INDEPENDENT EX&MINER The Tru&tees consider ihaf the audii requirerAt of Section 144(1 l of the Chari(ies Aci 2011 {the ALt) not apply. and that there is no require11 in the merty)rnndum and articles of the charity for the conduciin8 of an audiL and the ac(xwnts do not require an audii in accordance with Pan 16 the Compdni&% ALI 2(ffi and tbai no ur mcmb¢r5 havc reqUted an audit pursuant to ¢(1 476 of the CumpanI ALI 2(ffi. As a consequertt. Ihe TrtNees have elec1 tk financial sthtemen bc subject to indwndcni cxaminaiion. Having saiisfKxl mysclf that thc chariry is nol subicct tr) audit uAl¢r ¢ompany14w and 18 eligibl¢ for indendent examxn¥ion. it is my resNSIbilIry K>: . examine the accrAuts under %thion 145 of ih¢ 2011 ACL lo follow the prrXedUS laid down in ihe Tral Directions given by the C1bwiiy Commi55ion under &ei%ion 14515)(b) of the 2011 Art: aNJ . whether particular mailers have come my aueniion. BLSIS OF INDFPENDENT EXAMINER'S STATEMENT My exJminalion was carried out in accorddnce with th¢ Gewal Directsons given by the CIMrity Commission. An ¢xamination in¢ludc5 a rcvicw of ihe accounting TCC(Kds kcrn by thc charily and a cofftwdrisun of the accouftLS PSen with th0 rLwrth. It a].K> includes considerJtion of any unu%ua] iiems or di8clv%urGS in thc &YOUn and sccking explana11 from you as tnisiccs conccrning any such Mle[s. The pyrttdus underthn do not provide all the evidence th would be rquired in an audit. and ConseqUenY I do not ¢xw¢ss an 4udii opinion on wlth the xcounts pres¢nt a 'mi¢ and fair Yiew.. INDEPENDKNT EXAMINER'S sfATEMENr In LonneL(ton with my examination. M mter ha5 to my attention: (l) which gives me re&wnable cause th beli¢ve In any ma*rial the truSeS have noL mel thc rc4uiremcnts to ellSUTe thaL' . proFtr Lenting re¢wds aTr (in aLxonkn with stttion 386 of the Companie5 Act • iLLLOUllts are pr¢Par which with the acLountsng rec(Yd%. comply with OUnting requirements of section 396 of the Compaoies Act 21 and with the MethIS alld principles of the Srai¢mcni of Re£ommended P[adi. Accounting R¢wx1in8 by CharitiC5' or (2) io which. in my opioioffj shrmld be thawn in order io enable a uthianding o( ihe accoums io k reach1.
PARSON LATHAM'S HOSPITAL IN OUNDLE INDEPENDENT EXAMINER'S REPORTTOTHE MEMBERS OF PARSON LATHAM'S HosprrAL IN OUNDLE fcontlnued) PERIOD ENDED 28 FEBRUARY 2024 SignLd &$ indL'tKndLnl Lxilmir.r. Jonaihan &ssum ACA Independeni exuminer Professional Immly: ICAEW 23 Cotlinghimi Wily Thrup%ton NorthJni% NN144PL 22 April 2024
PARSON LATHAM'S HOSPITAL IN OUNDLE STATEMEMf OF FINANCIAL ACTIVITIES PERIOD ENDED 28 FEBRUARY 2024 Unrestrlcted Fund Resirlcted Total Funds Funds 2024 Totsl funds 2023 INCOMING RESOURCTr Incoming resources from generating funds.. VOlunti income A¢iiviiieb for gerling funds Investmeni inLome 2,973,703 131336 3.106,039 131305 so94 134?OS S45& 64 TOTAL INCOMING RESOURCES 3.158902 13&000 3294902 RESOURCES EXPENDED Costs o( generaiing funds.. Charitahle activities Gutrerndnce costs 151539 182A39 2J40 TOTAL RKSOURCKS EXPENDED IS4079 000 Is479 NET (OUTGOING) I INCOMING RL¥OURLYS FOR THE YEAR 3,004,023 iofjooo 3.110,023 RECONCILIATION OF FUNDS TO1 funds broughi forward TOTAL FUNDS CARRtED FORWARD 3,OW023 iooooo 3,11023 The.8thiement of Financia] Activitie include4 all oains and losses in ihe year and therefore a wi¢ment of total reco¥nised gains and losses has not been prepar¢d.
PARSON LATHAM'S HosprrAL IN OUNDLE BALANCE SHEET AS AT 28 FEBRUARY 2024 2023 FIXED Assrrs Tangible ass¢ix IDvesrment etS U67,755 77J.184 DebLOfS Stock C&sh oi bank and in hand 73A24 714 CIiEDITOILS: Amounts flllDg due wlthln ope NET cuRRF. u.IABILITIFSYAFTs 7J.(184 3,1]OLl FUNDS Resiricied income fvnds unrestr1cd income funds io(000 3W4.023 3,110,1123 TOTAL FUNiK8 Thc tru¢¢5 arc satisfied thai thc cOrnpY is cniiilc41 w cx¢mpiion from provi5ion5 of ihe Companies Aci 2( (Ihe Acl) relaiing io ihe audil of ihe fina141 swemeni% (nr ihe year by viriue or seciioo 477(21. ond ihai no member or memlrr5 have requ[ed an audii pursuani io seciion 470(1) or the Act. The th1¢¢¥ u¢knowled8e their res>DSlb1IIlIcS Cir. lil ensuring thmi the wmpany keeFLS a(kquale XCLMJnling re¢cYd% whi¥h nPlY with ..1•On 386 or Ihe ACL lil) p.PrIng finMnLial Stn'ftts whi¢h gi. o faiT ¥'W vf t. uf uffuir¥ of thL ompany us ut thc cnd of thc finanLial Ye and of IL% surplu$ or dcficii for thc financial yeur in accordance wilh ihe requiremenis of sedion 393, and which oih¢rwis¢ comply wilh ihe rquircffl¢nts of thc Aci Yclatift8 to finala1 swements. so flr as applicablc to th¢ company. These a¢counis have been ptepared in wjrdw with Ihe wovisi(xts applicable io cx)mFMnies subj'eci to the Small companies, re8ime. Th&se financial statements were approved by the memlxts of ihe i1¢ on the 22 2024 aThl are signe(l on their behdf by.. irpers(?n and Tnlstre Company Rcgistr#iion Numiw. 1414(>617
PARSON LATHAM'S HOSPITAL IN OUNDLE NOTES TO THE FINANCIAL STATEMENTS PERIOD ENDED 28 FEBRUARY 2024 ACCOUNTING POLICIK5 Basts of aceountlng The financial siatements have been prepgttd under the hi8torical a)st ¢onvention and in accordance with appli¢ahl¢ Uniied Kingdom u¢counting slandards. Ihe FR.$ 102 Statement of Recommended Prdciice "Accouniing and Reporting by Chariiies" (FRS 102 SORP) and the Companies Act 2006. Cgsh Ilow st•tenKll¢ Thc trustccb. hdvc iukcn thdvaniug¢ of lh¢ exemLon in Updthrc Bullctin I from inLluding a Lush flow statement in the findncidl statemen[$ on the grvuThJs thai ihe cvmpJny 1$ smull. Fund 0¢11£ General funds are unresrricted funds M,hich are available for use at rhe discretion of the trustees in (urtherance rfyf the general obje1¥eS of ihe non-profit making ch4ri1y M'hi¢h have nDt been de5igrtaied for oiher pUqmS. Designated funds comprise unrestricted funds ihar have been Xer Jside by the truses for particular purposes. Restricted funds are funds whtch are Iv be used in accordance with specific restri¢tivns impo8 by thc donu or which hllvc bccn rdiscd by the Lhurity fur purtiLulyr purpo&es. In¢omtng rcsources Income and donion5 are included in incoming resources when they are receivable and the amount can be quantified wilh reasonabl¢ a¢curdCy. Grants are brought into account on a r¢c¢ivable basis. Defeffed income represenls amounts received for fuiure perlods #nd is eaSed io irtcoming source5 in the tor which it has been received. All expenditure is accounted for on an aLrn]als b&sis and hL$ b¢n ¢l&&sified under the headin¥s that aggrcguL dll CLKsts rLlaLul to thL caK'gury. Tangible fjxed ets and depre¢latlon Depreciation is calculaied to wriie down ihe cosi of all iangible fixed asseis by instalmenis over the eXpted useful lives. The trusices deem ihe assets 10 be appreciaring Tn value and so no depreciation Chse is eXnSed in the ye#r. ]nt[b income Tntsngible income is not included in the financial slalemenls it is deemed thdi ÈhME is no in-kind inLome in ihe year.
PARSON LATHAM'S HosprrAL IN OUNDLE NOTES TO THE FINANCIAL STATEMEiifs (Cl1 PERIOD ENDED 28 FEBRUARY 2024 The trustees have examined ihe charity's Tequir¢ments for reserves in the lighr of the main ri4k5 to ih¢ organisatiun. Thc In(eeS aim Main1 buffi¢icn¢ Lwh tlow for known ivmmitfftLnlb a(Ki ihe repla¢emeni of certain &wts. The directoruseS do believe the organisulion is subjcLt to any substantial risk teyoNI those disclosed in the Annual Rewi and Act[nts. I TANC*lBLE FIXED Land and property COST Ai l Dthch 2023 AddiiiorL% in year At 28 February 2024 1267,755 1267,755 DEPRECIATION Ai l March 20?3 Charge for year At 28 Febnwy 2024 NEf BOOK VALUE At 28 February 2024 Ai l March 2023 2267,755 2024 Market value of LhlbI¥ inv¢5tsnrni 1,184 1,184 2024 Accruals- acC(tnCY and indynthni examination
PARSON LATHAM'S HosprrAL IN OUNDLE NOTES TO THE FINANCIAL STATEMEKfs I¢ PERIOD ENDED 28 FEBRUARY 2024 & INCOME FUNDS Balance at In¢omlng 28 Febrngry 2024 B*laDee al i March 20 RestriLxed income fun 1O6,•00 Unrestrickd income fuD(Is .023 3W4,023 TO1 funds 3,110,023 3.11013