Charity Registration No 200176
Contents
Financial statements for
the year 8nded 31 D8cèmber 2024
Tho Hospltal of
StJohn The Baptlst
Charity information
Trustees. report
Independent audilors, report
statement of financial actlvitle8
10
Balance Sheet
11
Slalement of cash fltswg
12
Notes to the financial statements
13-22
Detailed Slalemenl of Financial Activities 23

The Hospital of St John The Baptist
Trustees, report
For the year ended 31 December 2024
Charlty informatlon
Trustees
David Wilson (Chairman)
James Dove {Resigned 23rd April 20241
Harry Fowler
Simon Lousada
John Mingay
Rajesh Regmi
Andrea Spice
Jane Vvalker
John Wh6eler
Rev Helen Stewart
Clerk
Twin Otter Ltd
Charity number
200176
Principal address
3 Saxon House
End,
Harrold
Bedford MK43 7FS
Auditors
HW BedfoTd Limited
Woburn Court, 2 Railton
Road Woburn Road Ind Est
Kempston
Bedford MK42 7PN
Bankers
HSBC UK Bank
PLC 12 Allh811ows
Bedford MK401LJ
Solicitors
Balès Wells
10 Queen Place
London EC4R 1BE
Palmers Solicitors
Hasset House
BedloTd MK40 1HA
Investment
adviseTS
Harpur Wealth Management Ltd
19 Goldington Road
Bedford MK40 3JY
Investment
managers
HSBC Global Asset Management
(UK) Ltd.
8 Canada Square
Canary Wharf
London E14 5HQ
Brewin Dolphin Ltd
12 Smilhfield Street
London EC1A 9BD

The Hospital of St John The Baptist
Trustees. report
For the year ended 31 December 2024
The Truslees present their Report, Statement of Financial Activities and Balance Sheet for thè year
ended 31 De￿rnber 2024. The financial statements have been prepared in accordance with the
accounting policies sèt out in note 1 to the accounts and comply with thè charity's Irusl deed. the
Ghariliès Act 2011 and Accounting and tho Charities Slalement of Recommended Practi￿ (second
edition) and Financial Reporting Standard FRS 102.
Stsu¢ture, Governance and Management
The Charity is a regisler8d charity. number 200176, and is governed by a trust deed as adopted by
Charity Commission scheme dated 7 October 2020. Thé Charity was sel up by the Sl John's
Hospital Bedford Act 1881 as varied or affected by schem8s of the Charity Commissionerg of 26
November 1957. 14 January 1976. 16 September 2015 at)d in the mallers of the Charities Acts to
dale. The Schedule to the St John's Hospital Bedford Ael 1881 sets out the Scheme under which the
Charity operated until the Trustees adopted the new Trust Deed by resolution on 1 October 2020.
The Trust Deed dated 7 October 2020 supersedes and replaces all former governing documents of
the Charity.
The charity also known as Sl John's Hospital Trust and its assets ar8 under the management and
control of its trustees. The number of trustees shall be at least three but no more than twelvo.
The Rector for the lime being of the parish of Saint John the Baptist in Bedford shall ba a trusloe ex
officio. The remaining Iruslees shall be appoinied as follows..
A maximum of four by the ¢ouncil of the Borough of Bedford.,
One by the Harpur Trust B&dford-
One by the trustees of the Municipal Charities of Bedford-
The remainder by the other or remaining Trustees of the Charity for the lime being. If the
Council, the Harpur Trust or the Municipal Charities fail lo $0 appoint th6 vacancy or vacanciés shall
be fill8d by persons appointed by the existing Trustees.
Each Trustee holds an initial office of three years, follr)wed by a further two consecutive terms of three
years rènewable by re-appoinlmenl. A Trustee who has served a continuous term of ninè years shall
remain out of office for al least on8 yeai before they can be Te-appoint8d, unless the Tru$le8s decide
il is not in the best interests of the charity for th81 Trustee to take a break from office.
The trust88s meet quarterly to discuss the management of the investment properties and lo discuss
and approve th@ paymefil of pensions and the making of grants lo bodies for charitable purposes.
The day lo day adminislralion of th8 charity has be8n delegated lo the clark. During the year Twin
011gr Ltd look over IhÈ role from Kynaslon Enterprises Limited.
Objectives and Activltles
The objects of the charity are..
1) To relieve financial hardship by paying grants lo beneficiaries who have lived in Bedford for not
less than fifteen years provided that, the Irus18es may suspend or terminate the appointment of a
beneficiary if the Continuing payment of th8 grant would have the effect of relieving public funds:
and
2) For use in BedfoTd or for th8 benefit of persons who are residents of Bedford for the public benofit
for all purposes Ihal are charitable under the laws of England and Wales from time to lime.

The Hospital of St John The Baptist
Trustees. report
Forthe year ended 31 December 2024
Achlevement and Performance
In selling the chartty's objectives and planning its aims and objectives and future a¢livilies the
Trustees have given consideration to the Charity Commi88ion's general guidance on PLtblic benefit.
The objectives for the year, as set out by the trustoos, were as follows.. lo
attempt lo obtain rental income al a satisfactory level
to continue lo review, monitor and evaluate the financial p8rformance of investments
to atlempl lo maintain pension payments al a consistent level with hopes of being able lo
continue to make payments to Bedford charities during th8 year
The trustees believe these objectiV8s were met.
The Injslees sel out their objeclives for the year ended 31 December 2024 as follows..
to attempt lo obtain rèntal income al a satisfactory level and recover rent 8rrears arising from
the Covid-19 pandemiG'.
to continue to review. monitor and evaluate th& financial performanee of investments to
allempl to maintain pension payments al a consistent level and make payments to
Bedford charities throughout the year to assist them with furthering their charitable
objectives
During 2020 the trustees reviewed and updatod the Trust Deed which was adopted in October 2020.
The previous Trust Deed called for persons to be both sick and poor whereas the Trustees wish lo
help various charities that havè no knowledge of the income of the sick. They fe&1 that the original
benefactors would have wished the charity to help them. The trustees therefore instructed alegal
tirm called Bales Wells to look at the Trust Deed and apply to the Charity Commission lo update it
so that it is more clearly understood, whilst keeping the inienlion of the original benefactors.
During 2020 the Trustees became aware that, although the TTUSt deed said that the Endowment
should not be spènt, ther8 had been no value allribuled lo the Endowment in the charity's accounts
historically. The Trustees therefore identified the assets which they believé should be classified as a
permanent èndowment which was valued al £4,646.080 as at 31 December 2020. A transfer of
£4,646,080 was therefore made from unreslricled funds to endowment funds lo reflect the fact that
these endowed assets arg lo be permanently held by the charity, with only the arlsing income being
used for the charity's activities.
Fundral$ing standards Information
The charity does not cairy out any signifi¢8nl fundraising aclivilies.
Grant Maklng Policy
The Iruslees have a policy of making grants to local chafilable inslitulions. Grants will be made upon
consideration of an application supported by the instilution's financial slatemenls.
Financial Review
Investment Pollcy
The trustees consider that the charity has sufficient funds for them to be invested in the longer term
ensuring sufFicient funds are available to meet tho costs and obj8clives of the charity.

The Hospital of St John The Baptist
Trustees, report
For the year ended 31 December 2024
Flnanclal Revigw(continuedl
Review of thè Year
During the year the Trust made payments lo suitable pensioners al £75 per quart8r. These
paymenls were made via the BACS system lo between 483-49312023.. 493-5011 pensioners. who qualified
under the trusts conditions for payment. The payments ara not for a 5pecilic pu¥pose but are to h8lp
towards improving the recipient's standard of living.
During the year grants to local charitsble organisalions were made of £65,04812023= £63,500).
Quoted investments h8ve achieved a gain of £165,230 which the Trustees were 6xpecling in the light of
the market conditions during tha year {2023". £85,761}. The investments held will continue lo be reviewed
and monitored during 2025, $0 that satisfactory growth and retum is a¢hieved commensurate with the
trustees judgement on balancing risk and return.
The charills portfolio ol investmtrnl properties was rèviewed in the year and the Iruslees have concluded
that there has been no significant change in valuo. The value of the prop8rties and land stood at£4.358,000
al the year end.
Resgr¥e$ Policy
Th6 reserves held by the charity are intended lo provide the required income lo enable the charity to
provide pensions and donations. The Trusl&es consider the CLFrrenl level of reserves lo be Sufficient lo
me61 this requirement as th@ income generated is sufficlenl t¢ ¢ov8r the pensions and donation5
expenditure. There are no raslricted funds and therafore all funds are held for unreslrlcted purposes.
During prior financial years the TrLJslees agreed to create three desigr)aled funds in order lo set asid8
funds in order lo avoid possible interruptions lo payments of graluilies and grants and property costs.
Further details are shown in note 15.
Al 31 December 2024 the amount of reserv8s in the general fund amounted to £1,883,70112023'.
£1,747,593) of which £200,000 was held in designated funds (2023., £200,000). £4,646,080 was
transferred lo an endowment fund during 2020, which then saw a revaluation gain of £18,444, giving
endowment funds a131 December 2024 of £4,537,310. Total reserves al the year end are
£6.421,01112023'. £6,264,990).
Rlsk Managernent
Th8 trustees consider that the main risks Ihat affect the Trust are..
those inherent in holding inveslm8nls
those inherent in maintsining the investment properties
The Irusleos consideT that by employing third party 5pgcialists lo advise and manage these areas that the
risk is minimised.

The Hospital of St John The Baptist
Trustees, report
For the year ended 31 December 2024
Statement of Trustees. responslbilitie$
The trustees are responsible for preparing the Truste8s' Annual Report and the financial statements
in accordance with applicabl& law and United Kingdom Accounting Standards {United Kingdom
Generally Accepted Accounting Practice).
The law applicable lo charities in England & Wales requires the trustees to prepare financial
statemen15 for each financial y8ar which give a true and fair view of the slate of affairs of the ¢harity
and of the incoming resour¢8s and application of resources of the charity for that period. In preparing
these linancial statements, the Iruslees are required to..
select suitable 8ccounling policies and then apply them con8islently',
obs8Ne the methods and prin¢lples in the Charities SORP 2019 IFRS 1021.,
make judgements and estimates that are reasonabl8 and prudent.,
State whether applicable accounting stand8rds have been followed, subject lo any material
departures disclosed and explained in the financial slalements.,
preparg the financial statements on the going concern basis unless it is in?ppropriale lo
presume that the Gharily will continue in operation.
The trust88s are responsible for keeping proper accounting records that disclose with reasonable
accuracy al any lime the financial position of the charity and enable them lo ensLire that the tinancial
statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Règulations
2008 and the provisions of the trust d&ed. They are also responsibl8 for safeguarding the assets of
the charity and henc8 for taking r6asonable steps for the prevention and detection of fraud and other
irregularities.
Statement of Disclosure to the Auditors
We, the trust8es of the charity who held office at the dat& of approval of these Finan¢¢al
Slalements. as set out above, each confirm so far as we are aware. that.
there is no relevant audit Information of which the charity's auditors are unaware., arKI
W8 have lakon all th8 steps that we ought lo have taken as trustees in order lo make
ourselves aware of any relevant audit informatiorF and lo establish that the charity's auditors
are aware of that information.
Independent audltors
A resolution proposlng that HW Bedford Limited be re-appointed as auditors of the charity will be put
to the trustees at the next meeting.
An
signed on their behalf by
David Wi
Tru$l¢e
son

Independent auditors. report to the Trustees of
The Hospital of St John The Baptist
Opinion
ave au
Inancis
emen
ospi
ap
ari
e year
ended 31 December 2024 which comprise the Slalemtsnl of Financial Activities, the Balance Sheet. the
Statement of Cash Flows and notes to th8 financial stslemenls, including a summary of significant
accounting policies. The financial reporting framework that has been applied in their preparation is
applicable law and United Kingdom Accounting Standards, including Fin8ncial Reporting Standard 102 Thg
Financial Reporting StgrJd8rd 8pplicablg in the UK and Republic of Ir&l8nd (United Kingdom Generally
Accepted Accounting Practice).
In our opinion the financial slalements:
give a true and fair view of tha slate of the charity's affairs as al 31 December 2024 and of its incoming
resources and application of resources, including ils income and expenditure, for the year then ended.,
have been propérly prepared in accordance with United Kingdom Generally A¢cepled Accounting
Practice,. and
have been prepared in a¢wrdance with the requirements of the Charities Act2011.
Basis for opinion
We conducted our audit in accordance with Inlernatlonal Standards on Auditing (UK) {ISAs IUKII and
appli¢abl6 law. Our responsibilities under those standards are further described in the Auditorts
responsibilities for the audit of th8 financial statements section of our report. We are independent of the
charity in accordance with the ethical requirements that are relevant to our audit of the financial statements
in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in
accordance with these requirements. We believe thal the audit eviden¢e wa have obtained is sufficient and
appropriate to provide a basis foi our opinion.
Concluslons r8lating to going concem
In auditing the financial slatemenls, WÈ have concluded that the Irusle8s' use of the going concern basis
of accounting in the preparation of the financial statements is appropriate.
Based on the work we have pèrformed, we have not identified any material uncertainlies relating to events
or condllions that, individually or collectively. may cast signifKant doubl on the charity's ability to continue
as a go1ng concern lor a period of at least twelve months from when the h'nanclal statement8 are authorised
for issue.
Our responsibilities and the responsibiliti&s of the trustees with respect to going concern are descriL*d in
the relevant sgcliortrs of this report.
other informatlon
The otheT infomialion comprises the information included in the Trustees. Report. olh8r than the financial
slalemenls and our auditorfs report Ihereon. The Iruslees are responsible for tha other
information contained within the Truste@s' Report. Our opinion on the financial statements does not cover
the other information and, except lo the extent otherwise explicitly ststed in our report, we do nol expross
any fom of assurance conclusion Ihereon.
Our responsibilty is to read the other information and. in doing so, Gonsider whether the other information
is materially inconsistent with the financial Statements or our knowledge obtained in the course of the audit
or otherwise appears to be materially misstated. If we identify such material inconsisl@ncies or apparent
material misslalemenls, we ar& required to determine whether this gives rise lo a material misstatement in
the financial stalem8nls Ihemselvtrs. If, based on the work we have performed, we conclude that Ihero is a
material misstatement of this other information. we are required to report that fart.
We have nothing lo report in thi8 regard.

Independent auditors. report to the Trustees of
The Hospital of St John The Baptist
Matters on whlch we are required to report by exceptlon
ave no
Ing
O repo
In respe
owing ma
ersw
Regulations 2008 require us to report lo you if, in our opinion..
the information given in the Trustees, Report is inconsistent in any material respect with th8 Trustees,
Report., or
the charity has llol kept adequate accounting records. or
the financial statements are not in agreement with the a¢counting records and returns.. or
we have not recelved all the information and explanations wo requlre for our aL¢diL
ere
ari
ies
ccoun
an
eportsl
Responsibi15tlos of trustees
As 8xplained more fully in the Statement of Trustees, Responsibilities set out on pag8 5, tha trustees are
responsible for the preparation of thè financial stateménts and for being satisfied that they give a true and
fair view, and for such int8rnal control as the Iruslees determine is necessary lo enable the prèparation of
financial statements that are free from m3lerial misslatemenl, whether due lo fraud or error.
In preparing the financial slalements, the Iruslees are responsible for assessing the charity's ability lo
continue as a going concern, disclosing, as applicable, matters ￿lated lo going concern and using the going
concern basis of accounting unless the Iruste8s either intend to liquidate the chafity or to ceasè operations,
or have no realisti¢ alternative bul to do so.
Avditor's rosponslbllities for the audll of the financial statsments
We hav8 been appointed as auditor under section 145 of the Charities Act 2011 and report in accordance
with regulations made under section 154 of that Act.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are
free from material misstslemenl, whether due to fraud or error, and to issue an auditor's report that includes
our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit
conducted in accordance with ISAS {UKI will always deleet 8 material misstalemenl when it exists.
Misstatements can arise from fraud or error and are considered material if. individually or in the aggregate,
they could reasonably be expected to influence the economic decisions of users taken on the basis of these
financial statements.
Irregularities, including fraud, are instances of non-compliance wlh laws and Tegulations. We design
procedures in line with our r8spon5ibililies. outlined above, to detect material misstatements in respect of
irregularities, including fraud. The specific Procèdures for this engagement and the extent lo which these
are capable of detecting irregularities, including fraud, is detailed below..
Wé obtained an understanding of the nature of the sector in which th8 charity operalas, including the
legal and regulatory framework applicable lo the Charity. We consider that the most significant are the
Ch8rilies Stalem8nl of Recommended Practice. the Financial Reporting Standard applicable in Ihtr
Uniled Kingdom and Republic of Ireland IFRS 1021, the Charities Act 2011 and the charity's Trust
Deed.
We obtained an understanding of how Ihe charity complie8 with these requirements by discussions with
those charged with goveinancg and reviewing the minutes of Trustee meetings.
We assessèd the risk of material misstatement of the financial statements, including the risk of material
misstatement due lo fraud and how it might occur. by holding discussions with those charged with
governance.
Wè inquired of those charged with governance about their own idenlilicalion and assessment of the risk
of irregularities, including any known actual. suspected or alleged instances of fraud.
We discussed matters about non-compliance with laws and regulations and how fraud might occur
including assessment of how and where the financial statements may be susceptible to irregul81ities or
fraud.

Independent auditors. reportto the Trustees of
The Hospital of St John The Baptist
Auditovs responslbilitles for the audlt of thg f(nan¢lal slatements {contlnued>
ase
on
Isun
ers
an
Ing, wa
es1gne
spe
Ic appropria
eau
proce
ur85
en
Ins
an¢es of
non-compliance with laws and règulations. This included making enquiries of management and those
charged with governance and obtaining additional corroborative evidence as required.
In addition lo the risk of management override of controls, we have identified the valuation of investment
prtspety and grant applications as the areas where the financial 51alem@nls are most susceptible lo material
misstatement due lo fraud. Audit procedur8s performed included review of grant application papeNork and
a r&view of the independent valuer's properly valuation reports.
Because of the inherent limitations of an audit, there is a risk Ihatwe will not delect all irregularities. including
those leading to a material misstatement in the financial statements or non-complian￿ with regulation. This
sk increases the more that complianeè with a law or regulation is ren￿Ve￿ from the events and transactions
reflected in the financial stalemenls, as we will be less likely lo become aware of instsnces of non-
compliance. The risk is also greater regarding irregularities occurring due lo traud rather than error, as fraud
involves intent(onal concealment, forgery. collusion, omission or misrepresentallon.
As part of an audit in accordance with ISAS {UK}, we exercise profe8sional judgment and maintain
professional sceplicism throughout the audit. We also..
Identify and assess the risks of material Mi8slatement of the financial s18tements, whether duè to fraud
or error, design and perform audit procedures r8sponsive to those risks, and obtain audit evidence that
is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a maleiial
misslalemenl resulting from fraud is higher than for one resulting from error, as fraud may involve
collusion. forgery. intentional omissions, misrepresentations. or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that
re appropriate in the circumstances, bul not for the purpose of expressing an opinion on the
effectiveness of the charity's internal Control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting
estimateg and related disclosures made by the trustees.
Conclude on the appropriateness of the Iruslees, use of the going conearn basis of accounting arEd,
bas6d on the audit evidence obtained, whether a material un¢8rtainty exists r8laled to events or
conditions that may cast significant doubt on the charity's ability to continue as a going concern. If we
conclLJde that a material uncerl8Snly exists, we are required to draw attention in our auditor'8 report to
the related disclosures in the flnancial statements or, if such disclosures are inadequate, to modify our
opinion. Our conclusions aTe based on the audit evidence obtained Ltp lo the date of our auditor's report.
However. future events or conditions may cause the charity to cease lo continue as a going concern.
Evaluate the overall presentation, structure and conlenl of the financial stalem8nls, includinu the
disclosures. and wholher the financial statements represent the underlying transactions and events in a
Manner that achieves fair presenlalitsn li.e. gives a true and fair view).
We communicate with those charged with governance regarding. among olher mallers, the planned 8¢ope
and liming of th& audit and significant audit findings, including any significant deficiencies in inl8rnal control
that we identify during our audit

Independent auditors. report to the Trustees of
The Hospital of St John The Baptist
Uso of rèport
Is repo
isma
eso
ari
rus
ttes, as a
In a¢cor
ance wi
arities
(Accounts and Reports} Regulations 2008. Our audit work has been undertaken so that we might stale to
the charity's Iruslees those matters we are required lo state to them in an auditor's report and for no other
purpose. To the fullest 8xlenl p6rmilled by law. we do not acc8pl or assume responsibility lo anyone other
than the charity and the chaTity's trustees as a body, for our audit work, for thi8 report. or for the opinions
We have formed.
Alberto Di Lor8nzo F
Senior Slatutory Auditor
HW Bedford Limited,
Slalulory Auditor Accountants and Registered Auditors
Woburn Court, 2 Raillon Road
Woburn Road Ind Est
Kempston
Bedfor
MK42 7PN
Dale..
HW E&dford Limit8d is eligible to aot as auditor in terms of s&clion 1212 of the Compani&s Acl 2006

Independent auditors. report to the Trustees of
The Hospital of St John The Baptist
Statement of Flnancial Actlvltles {including income and expenditure account)
For the yèar ended 31 December 2024
2024
Unrestrfctad
Funds
2024
Endowment
Funds
2024
Total
Funds
2023
Total
Funds
Notes
Income and endowments from..
Donations and
18gacies
Investments
280.236
1,469
281,705
306.364
Total income
280,238
1,469
281,705
306,364
Expgnditur
on:
Costs of raising funds..
Investment
management
costs
Expenditure on charitable activilies..
Grant making
228.221
Property
39.525
management
23.168
23,168
21.582
228.221
39,525
229,123
41,310
Total èxpenditure
290,914
290,914
292,015
Ngt
gainslllosses}
on investments
Gains on
revaluation of
Investment
property
10
146.786
18,444
165,230
85.761
11
115.000
Net income
136,108
19.913
156.021
215,110
Transfèrs
between funds
15
Net movement Tn funds for
the year
136,108
19,913
156,D21
215,110
Rgconcillatlon of funds:
Total funds brought foThMrd
1,747,593
4,517.397
6,264,990
6,049,880
Total funds
carrled forward
14.15,16 1,883,701
4,537.310
6.421,011
6,264,990
All income and the notes on pages 13 to 23 torm part of these financial slatemenis.
-10-

The Hospital of St John The Baptist
Balance sheet
As at 31 December 2024
Notss
2024
2023
Fixed assets:
Fixed asset investmènts
Investment property
10
11
1,785,584
4,358,000
1,632,956
4,358.000
Total flxed assets
6.143,584
6,990,956
Current assets:
Debtors
Cash at bank and in hand
12
265.001
74,933
226,243
112,990
Totsl current assets
339,934
339,233
Liabilltles:
Creditors.. amounts falling du8
within onè year
13
162.5071
165,1991
Net current assèts
277.427
274,034
Total a880ts less current liabilftles
6.421.011
6,264.990
Net assets
6rt21.011
6.264,990
The funds of th& charity:
Unrestricted funds
Endowmentfunds
14
15
1,883,701
4.537,310
1,747,593
4,517,397
6,264,990
Total charlty funds
16
6.421,011
The notes on pages 13 to 23 form parl of these financial statements.
The financial statements were approved by the trustees
on..,
An
igned on thèir behalf by
Davld
Trustee
on

The Hospital of St John The Baptist
statement of cash flows
For the year ended 31 December 2024
Notes
2024
2023
Cash flows from operating
activities:
Net cash used in operating activities
18
1319,548)
(198,8201
Cash flov￿ from investing a¢lSvities:
Interest and dividend income
Rèntal income
Other investm¢nt income
Revaluation gains on investment properties
Payments for investment management fees
Payments to acquire listed investments
Payments for disposal of listed investments
Transfers Itoyfrom listed investment portfolio
29.209
232.723
8,574
28.121
245,993
7,538
1115.0001
{12,8171
(742,913)
766.715
{120,000)
4,527
Net cash used In inv¢sting actlvities
281,491
50,387
Chango in Cash and cash
equlvalents In the year
{38,0571
{148,433)
Cash and cash equivalants at the
beginning of the year
112,990
261,423
Cash and cash equlvalents atthe
end of the year
74,933
112.990
12-

The Hospital of St John The Baptist
Notes to the financial statements
For the year ended 31 December 2024
A¢¢ountlng pollcles
Accountlng convention
The financial slalemerils have been prepared on a going ¢oncarn basis under the hlstorical
cost convention, modified to include certain items at fair value.
The charity is unincorporated. The addrass of ils registered office and principal place of business
is disclosed in the charity information. Thg financial slalemenls are presented in Sterling to Ihe
nearest whole pound, and this is the functional curiency of the charity-
The charity constitutes a public benefit onkn'ly as defined by FRS 102. The accounts {financial
$t818menlsl have been prepared under the historical cost convention with items recognized al
cost or transaction value unless otherwise staled iii the relevant nolels) to these accounts. The
financial statements have beon prepared in accordance with the second edition of the Charities
Slatemenl of Recommended Pradice issued in October 2019, the Financial Reporting Standard
applicable in the United Kingdom and Republic of Ireland {FRS 1021 and the Charities Ad 2011.
The financial statements have been prepared to give a true and fair view and have departed from
the Charities IA¢¢ounls and Reports) Regulations 2008 only lo the extent required to provide a
true and fair view. This departure has involved following the Accounting and Reporting by
Charitles.. Statement of Recommended Practice applicable to charities preparing their accounts
in accordance Mqlh the Financial Reporting Standard applicable to the UK and Republic of Ireland
(FRS 1021 issued on 16 July 2014 rather than the Accounting and Reporting by Charities..
statement of Recommended Practice effective from 1 April 2005 which has since been
withdrawn.
The trLssl88s consider that thèr8 are no material uncertainties about the charity's ability lo
continue as a going concern, to th6 fact that sufficient reserves aw held to cover any
necessary period of s¢aling down of aclivilies. The most significant area ofjudgernent within the
financial sl8lemenls is the valuation of the investment properties which has been carried out by
an independent valuer.
Incoming resources
All incoming re8ourc8s are included in the Slalement of Financial Activities when the charity
becomes legally entitled to the in¢ome, the amount can be measur8d reliably and il is probable
that the income will be received. Rental income is recognised on a straight-line basis over the
period of the18ase even if payments are not made on such a basis. Other in¢ome is recognised
when it is receivable.

The Hospital of St John The Baptist
Notes to the financial statements
For the year ended 31 December 2024
Resources oxpend$d
Expenditure, whiGh is charged on an accruals basis, is allocated on the Statement of
Fin8n¢ial Activities between..
Expenditure incurred directly relating lo the management of inve51menls (investment
management costs)
Expenditure incurred direcdy to the fu5filmenl ol the charity's objective$, including
managemont and admini$lraliori (charitable activities)
Expenditure incurred in the managèment and administration of the charity and compliance
with conslitulional and stslulory requir8ments Igovern8nce costs)
All costs are allocated betrNeen tho expenditure categories of the Statement of Financial
Activities on a basis that reflects the use of the resour
The remuneration and expenses of the Clerk are allocated 80Yo tr) SUPPOrt Costs of the
charilable activities and 20010 to govemance cos15
Grants are accounted for on a paid basis except where a conslruclive or legal obligation
arises. Liabilities are recognised in the period lo which they relate.
1A
Fund accounllng
Unrestri¢t8d furlds are donations and other incoming resources received or generated for
expenditure on the yeneral objectives of the charity. The charity has desSgnated funds (see
note 151.
Endowment funds rtspresent those assets that are to be held permanenly by the Charity and
not expended on the charity's activities. Income arising from Iha endowment funds are freely
available to fund the charity's activities.
Financlal instruments
Debtors and creditors with no stated interest rate and receivable or payable within one
year are recorded al transaction price. Any losses arising from impairment ar@
recognised in the profil and loss account in other administrative expens8s.
Investments
Fixed asset investment in listed securities are valued at market value at tha balance sheet
date. Traded securities are valued by HSBC Global Asset Management and Brewin Dolphin.
Gains and losses on these investments aw recognised in the Statement of Financial
Activities.
Investment property for which falr value can be measurecl reliably without undue cost and
effort is meaSU￿d at fair value, or open market value, at the balanca sheet dale. The gains
and losses on revaluation of such properties are recognised in the Statement of Financ¢al
Activities.
Depre¢ialion 15 not provided in respeel of freehold inv&stment properties. Leasehold
investment properties are not amortised when the expired term is ovtsr twenty years.
14-

The Hospital of St John The Baptist
Notes to the financial statements
For the year ended 31 December 2024
Investment In¢orne
2024
2W23
Insurance receivable
Rents receivable
Income from investment8
Profil on sale of investments
8,574
232,723
29,209
11,199
7,538
245.993
28.121
24,712
281,705
306.364
Investmènt management costs
2024
2023
Portfolio management
Fire and olhor insurances
12,817
9,439
912
12,587
8,203
792
Agent Fees
23,168
21.582
Charitable activltles costs
2024
Support
and gov-
ernance
costs
Grant
funded
actlvlty
2024
Total
Property portfolio management
Grant making Isee not2 51
39,525 39,525
16.998 228,221
211,223
211.223
56.523 267,746
2023
Support
and gov-
ernance
costs
Grant
funded
actlvlty
2023
Totsl
PToperty portfolio management
Grant making (see note S)
41.310 41,310
16.998 229, 123
212,125
212,125
58,308 270.433

The Hospital of St John The Baptist
Notes to the financial statements
For the year ended 31 December 2024
Analy$ls ofgrants
2024
Grants to Grant$ to
institutlons indlviduals
Support
costs
2024
Total
Personal retirement grants
Local charity grants
146.175
8,499
8,499
154.674
73,547
65,048
65.048
146,175 16,998
228.211
2023
Grants
Grants
to
institutlons indivlduals
Support
osts
2023
Total
Personal relirem&nt grants
Loc81 chaTlty grants
148,575
8,499
8,499
157,074
72,049
63,550
63.550
148,575 16,998
229,123
Reclpients of institutional grants..
2024
2023
Harpur Trust (Bedford Giving)
Friends for Lif8 Bedfordshire
Progressability
MS Therapy
Country Day5 Ltd
Chums
Carers in B8dfordshire
Philharmonia
Autism in Bedfordshlre
Project 229
Ciealing Memories
Bolnhurst Stables
St John's Hospice
Cauldwell School
BookTastic
Food
Faces
Open House
Elisabelh Curtis Riding Centre for the Disabled
20,000
3,000
5,000
5,000
3,000
20,000
3,000
2,000
5.000
3.500
6,250
2,796
3.000
4,260
1,392
3,000
8,000
3,000
10.000
2.000
2,000
1,800
1,000
2,000
3,600
3,000
65.048
63,550
16-

The Hospital of St John The Baptist
Notes to the financial statements
For the year ended 31 December 2024
Allocation o
governance and support costs
Govemance costs:
2024
2023
Auditors remuneration for audll work
Legal Fees
Accountancy fees
Clerk's remuneration
Clgrk's expense8
8,400
3,989
s,000
7,169
90
4.533
377
3.873
68S
16,927
18.169
The breakdown of support costs and how these have been allocated betwaen governance
and SLJPPOrt costs is shown below.
2024
Support Govornan¢e
costs
costs
2024
Totai
Basis of
apportionmènt
Cost type
Property costs
Surveyors fees
Bank Charges
Is￿lIaneOuS expenses
Clerk's remuneration
Clerk's exp8nse5
Auditors remuneration for audit
services
Legal Fe8s
16,803
3,480
1,029
130
15.492
2,662
16,803
3,480
1,029
130
19,365
3.327
Invoiced cost
Invoiced cost
Invoiced eost
3.873
665
Time spent
Time spent
Governance
8.400
8,400
3,989
3,989
Govemance
39.596
16,927
56,523

The Hospital of St John The Baptist
Notes to the financial statements
For the year ended 31 December 2024
Allocallon ofgovernance and support costs Icontinuedl
2023
Support GoveTnanc8
Costs
costs
2023
Total
Basis of
apportlonment
Cost type
Property costs
Surveyors fees
8ank charges
Clerk's Temuneralion
Clerk's èxpenses
Auditors remuneration for audit
services
Legal Fees
Accountancy fees
8,068
11.458
974
18.132
1,507
8,068
11,457
974
22.665
1,884
6,000
Invoiced cost
Invoiced cost
Invoiced cost
Time spent
Time spent
Governance
4,533
377
6,000
7,169
go
7,169
90
Governance
Governance
40.139
18,169
58,308
Rèmungration of key management porsonnel
The charity has no employees {2023.' none} and therefore had no member of staff that
received remun&ration of more than £60,00012023.. £60.000).
Day-to-day management of the charity is d8legaled to the Clerk who received remuneration
of £19,365 during the year12023'. £22,665) and was reimbursed forexpenses lolaling £3,327
{2023'. £1,884). At the year end, the amount of remuneration included in other ¢reditors and
paid the followlng year was £1,50012023.. £4,665}.
Trustees. remuneration and benefrts
There was no Trustees remuneration or other beneflls for the year 8nded 31 December 2024
nor for the year ended 31 Dècember 2023.
There were no Trustees expenses paid for th8 year ended 31 December 2024 nor for the
year ended 31 December 2023.
Related party transactlons
There are no related party transoctions which require disclosure in the accounts {2023'. noné).
18

The Hospital of St John The Baptist
Notes to the financial statements
For the year ended 31 December 2024
10
Fixed assèt Investments
Llsted
Investments
Market value
At 1 January 2024
Additions
Disposals
Revaluatvjlls
1.632.956
742,913
1755,5151
165.230
Al 31 December 2024
1.785.584
Carrying value
At 31 De￿rnber
2024
1,785,584
At 31 December
2023
1,632,956
The fair value for listed investmènts is determined by reference lo the quoted prico fr)r
identical assets in an active market al the balance sheel date.
11
Invèstment propgrty
As restated
Market valu•
At 1 January 2024
4,358,01)0
Al 31 December 2024
4,358,000
Net book value
At 31 De￿mber 2024
4.358,000
Al 31 December 2024
4.358,000
During the prior year, the inveslmenl Properties wtsre revalued by a professional sutweyor, Kirkby
& Diamond, for all propertiès held at 31 December 2023. The investment land held was not
formally r8valued in the prior year. The Trustees have considered the value and do nol consider
there lo be a change in value in 2024.

The Hospital of St John The Baptist
Notes to the financial statements
For the year ended 31 December 2024
12
Debtors
2024
2023
Amounts falling due within one year:
Trad8 debtors
Other debtors
71,380
8,287
30,345
8,270
79,647
38.615
2024
2023
Amounts falling due aft&r more than oneyoar:
other debtors
185,355
187,628
185.355
187,628
2024
2023
Aggregate amounts:
other debtors
265,002
226.243
13
Creditors: amounts falllng duo wlthin one year
2024
2023
other creditors
62,507
65,199
82.507
65,199
Included in other creditors 18 deferred income 8risin9 from rents rp¢eived that relate lo a future
financial period. The movement on defarred income in the year is 8nalysed as follows..
2024
2023
Balance brought fO￿ard
Amounts released lo income
Amounts deferred in year
52,204
{52,2041
53,565
64,952
164,952)
52,204
Balance carried fowmrd
53,565
52,204
20-

The Hospital of St John The Baptist
Detailed Statement of Financial Activitles
For the year ended 31 December 2024
14 Unrestricted funds
Movement In year
Balance at
1 Jan 2024
Incoming
ReSoU￿e8
Resources
Expended
Balance at
31 Dec 2024
Transfers
General fund
Designated
funds..
Gratuities fund
Grants fund
Property fund
1,547,593
427,022
{290,914}
1,683,701
120,000
30,000
50,000
120,000
30,000
50,000
1.747.593
427.022
{290,9141
1,883,701
During the previous year the Trustees agreed to ereale three designated fvnds for the
following purposes..
Gratuities fund.. To sel 8SKJe funds lor pension payments
Grants fund.. To sel aside funds lor grant paymenls
Pioperty fund.. To sel aside funds lor unforeseen 8mergency property costs
Transfers between unre5tricled funds and these designated funds were made during the year as
detsiled above and the balances wll bè reviewed each yeai.
15
Endowmentfunds
During the previous financial yearg, the Trustees became aware that, although the Trust de8d
said that the Endowment should not be spent, Ih8ro had been no value allributed lo the
Endowment in th8 charity's accounts historically. The Trustees therefore identified the assets
which they believ8 should be classified as a permanent endowment which are valued at
£4.646,080 as at 31 December 2020. A transfer of £4,646,080 was made from unreslrieted funds
to endowment funds during the year ended 31 December 2020 to refl8cI the fact that these
8ndowed assets are to be permanently held by the Charity, with only th8 arising income being
used for the charity's activities. The endowment fund comprises the investment properties
£4,358,000 plus the investments held in Brewin Dolphin of £179,310.
16
Net assets held by lunds
Fixed
Cash &
Assets Investments
other
Assets
Cr8dltors
Total
Genèral fund
1,481.207
265,001
162.5071
1,683,701
Designated funds
200,OOD
200,000
Endowment fund
4,358,000
179,310
4,537,310
4.358,000 1,860,517
264.959
{82,5071
6.421,011
21

The Hospital of St John The Baptist
Detailed Statement of Financial Activities
For the year ended 31 December 2024
17
Opfryallng leas05 and financial commltments
The charity has inv8stmenl properties that are leas& to third parties. The future minimum
lease payments receivable under those non-cancellable leases are as follows..
2024
2023
Not laler than on8 ye3r
Later than one year and not later than five years
Later than five years
198,455
584,405
6,299,769
193.505
549.098
6,490,815
Total future minimum lease payments
7.082,629
7,233,418
L&ase afran9ements are entered into for a period of up lo 99 years wlh an option for renewal al
the end of the lease al the option of the lesseg. There are no contingent rental purchase option
¢lauses.
There were no capital commitments al 31 December 2024 or 31 December 2023.
18
Reconeillation of netexpendlture to not cash Ilowfrom oporatinll actlvities
2024
2023
Net surpluslldelicitl for the year
Rents received from investment propertios
Investment income from listed investments
Olh8r inve$lmenl income
(GainslAosses on investmenls
Profit on sale of investments
Decreasellincreasel in debtors
Increaselldecrea8e} in credilDrs
Investment management fees paid from portfolio
Nel cash flow from operating activities
156,021
1232,723)
{29,2091
18,5741
{165,2301
111,1991
(38,759}
{2,692}
12,817
215.110
1245,201)
128,1211
17.5381
182,7611
24,712
{1,625}
{36,5581
141,224}
4,386
1319,5481
1198,8201
-22-

The Hospital of St John The Baptist
Detailed Statement of Financial Activities
For the year ended 31 December 2024
2024
2023
INCOME AND ENDOWMENTS FROM:
Donations and legaci85
Investment income..
Insurance receivable
Rents receivable
Income from invéslmenls
Profil on sale of investments
Other income
8.574
232,723
29,209
11,199
7,538
245.993
28,121
24,712
Total Income
281,705
306.364
EXPENDITURE ON:
Ralslng funds:
Investment management costs..
Portfolio managèment
Fire and other insurances
Ag8nl Fees
12,817
9,439
912
12,587
8,203
792
23,168
21.582
Charitable activltles-
Clerk's r8muneralion
Clerk's expenses
SurveyoTS' fe08
Legal fees
Bank charges
Property costs
Miscellanèous expenses
Grants lo individuals
Grants lo institutions
15,492
2,662
3,480
3.989
1,029
16,803
130
146,175
65.048
18,132
1.507
11,457
7.169
974
8.068
148,575
63,550
254.808
259,433
Govérnance eosts
Auditors remuneration
Accountancy fées
Clerk's remuneration
Clerk's expenses
8,400
6.000
90
4.533
377
3,873
665
12,938
11,000
Total expondlture
290,914
292,015
Net galnslllosses) on fixed asset investments
Gainl{Lossl on revaluation of investment property
165.230
85,761
115,000
Net Income
156.021
215.110
This page does not form part of the statutory financtal statements.
-23-