PARSON LATHAMS HOSPITAL IN BARNWELL Registered Charity no. 200953 ANNUAL REPORT AND STATEMENT OF ACCOUNTS YEAR ENDED 6 APRIL 2025
PARSON LATHAMS HOSPITAL IN BARNWELL CONTENTS Pages Trustee5' reporl Slalement of financial activities Balance sheet Notes to Ihe financial slalemenls 8-14 Independent Examiner's Report 15
PARSON LATHAMS HOSPITAL IN BARNWELL REPORT OF THE TRUSTEES YEAR ENDED 6 APRIL 2025 Reference and administrative information The Trustees ol the Charity are.. Mr5 C Fortest Mr S 8erridge Mrs S Jennings-Brown Mr R Marriol Mrs C Whight Mrs H Hanlon Ms D Langley Mr N Bould The Duke of Buccleuch The MartyTS Memorial & Church of England Trust Ichairl The Clerk to the Trustees and Prinicpal address are= Mrs N Phillips 54 High Sireel Ring5tead Kettering NN14 4DA The Charity's Bank is.. Sanlander UK PLC The Indepenisent Examiner is.. K Hilliard ACA FCCA CTA Prlce Bailey LLP 36 Tyndall Court Commerce Road Lynchwood Pelerborough, PE2 6LR The Charilys soliciiors are.. Lamb & Holmes Wesl Street Kettering NN15 OAZ Charity Registration Number.. 200953 Regulator of Social Housing Iformerly Homes and Communities Agency) Regisiration Number.. A2759
PARSON LATHAMS HOSPITAL IN BARNWELL REPORT OF THE TRUSTEES (CONTINUED) YEAR ENDED 6 APRIL 2025 The TIu5tees present their report and accounts for the year ended 6 April 2025. The accounts have been prepared in a¢coidance with the accounting policies set out in note I to the accounts and comply with the Charrty'5 goveining instruclions, the Chariiies Act 2011 and 'Accounting and Reporting by Charities.. Statement ol Recommended Practice applicable to chariiies preparlng theii accounts in accordance with the Financial Reporting Standard applicable in the UK and Republlc of Ireland IFRS 1021. Organisation The purpose of ihe Charity is to provide and maintain accommodation for the welfare ol elderly and needy people in eighi almshouse cottages al Church Hill. Barnwell, East Northamplonshire, UK. The governing document Is the ChaTty scheme dated 2 February 1923 as amended by an amendirKJ Scheme of 23 October 1980. Truslees are appointed in accordance wth the Scheme as follows'.- 3 by Barnwell Parish Council lappoinlmenls renewable aftèr 4 years) 1 by Old Weston Parish Council lappointmenls renewable after 4 years) 1 by the Vicar and Churchwardens of Barnwell (appointments renewable after 4 years) 3 by the Trustees Idescribed in the Scheme a5 'CO-DPtive'} lappointments renewable after 10 years) There is also two nominated ex-officio Trustees,. The Duke of Buccleuch and The Martyrs Memorial and Church ol England Trust Trustee appointsnenis are made eith by nomination from the extefllal body concerned, proposal or by local advertisement for co-optive Trustee5 if a vacancy arise5 frorn the departure of an existing Trustee. The Trusiees eleci a Chair each year at Iheir January meeting. The Trustees of the Charity have given due regard and adhere to the Charity Commission's guidance on public benefit. Review of Activitie5 Weekly Maintenance Contributions from residents were increased to £52.00. heating charges increased to £22.00 per week. Electricity charges for domestic lighting were Set at 35p per unli falling back to 32p per unil on 14 August 2024. Electricity costs and payTnents remained wthin budgei. The collection of maintenance conlributions, heating and electricity payments by standing order proceeded smoothly with residents mainly changing their Standing order before the date ol increase. We refurbished two of the cottsges (making four refuFbished in totall and welcomed two new resldents in 2024 Mrs Pat Rutterford stood down as Chairman in March 2025, after over 40 years of dedicated service, and an afternoon lea was held 10 Say thank you for all her hard Wofk. It was a lovety afternoon, attended by residents. Irustees past and present and also by HRH the Duke of Gloucester, who presented Pat with photo-book as a memento A Chrisimas Dinner was held in December f residents and trustees Soup and Sandwiches Lunches were held monthly and Cream Teas on five Sundays in JulylAugu5t as communty, and fund raising events.
PARSON LATHAMS HOSPITAL IN BARNWELL REPORT OF THE TRUSTEES (CONTINUED) YEAR ENDED 6 APRIL 2025 Resulis for the year 2025 2024 11,168 294,119 305,287 Nel movement in funds Funds brought lorward Fund5 carried forward 17,632) 305.287 297,655 ReseNes At the year end the total unrestricted funds held by the charity were £107,563 12024.. £129,333). Of ihese, £95,883 were designated for the lollowng particular purposes.. Major repairs reserve - Ihe charity designates a reserve to cover unusual or major items of expenditure on its properties. Cyclical maintenance reserve - the charity designates a reserve to cover the costs of periodic repairs to its prortieS. The balance ol genefal unrestricted funds amounted to £11,680. These reserves are available for the general purposes ol the chaiity and the Irusiees belleve that this level of reserves is both necessary and sullicient io support the wotking capital ol the chaiity. At the year end ihe total restricted funds held by the charity weTe £190,092 12024: £175.9541. These funds are held as tangible fixed assets. Policies & Practice The Trustees primary concem is the welfare and comfort of the residents and, where necessary, and as funds allow, improvements ale carried out to ensure all accommodaiion is of high oi¢Jer and meets the required standards. The Trustees agreed a budget, received regular financial reports at their bi-monihty meetings and underiook reviews of the Charily's investments. An appropriate proportion of the free resetves was commiired 10 the furHls established lor both routine maintenance and unexpected repairs. The policy of individual allocaiion ol a nominated Trustee to each Resident has continued. The policies and Fwactices of the Chafity were followed and financial and other affairs were efficienuy administered. The Trustees have considered the need lo mitigate and manage financi81 and physical risks under iheir control and have regula(ly reviewed these. Budget reviews of spending againsi lorecasls were undertaken before year-end. The average payment period for ihe settlement of credilors remains at 10 days and there is a firm commitment 10 the use of online banking to speed up paymenl and avoid posial costs. The primary communication rouie to all Trustees is now by email.
PARSON LATHAMS HOSPITAL IN BARNWELL REPORT OF THE TRUSTEES {CONTINUED) YEAR ENDED 6 APRIL 2025 Statement of Trustees, Responsibilities The ChaTily is governed by a body of Trustees appointed in accordance with the Trust Scheme. The Trustees are as listed above. The Trustees are responsible for preparing the Trustees. Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel. The law applicable to Charilies in England and Walos iogether with the obligations on registered social housing prowders require the Trustees to prepare the financial statements for each financial year which give a true and fair view of the state of affaiis of the Charity and its income and expenlilure for that period. In preparing these financial slalements the Trustees are required to.. I, Seleci suitable accounting policies and apply them con515tently', 2. Obsèrve ihe methods and Principles in the Charities SORP IFRS 102}- 3. Make judgements and eslimatÈs that are reasonab and prudent- 4. Slate whether applicable accounting standards have been followed, and 5. Prepare the financial ststemenls on the gK>ing concern basis unles5 It is inappropriate to presume that the charity will colltinue in operation. The Trustees are responsible for keeping surricienl accounling records that disclose With reasonable accuracy at any lime the financial posilion of the Charily and enable Ihem lo ensure that the accounts comply with the Charities Act 2011. the Charilies (Accounts and Reportsl Regulations 2008 and Ihe provisions ol the governing instrumenls. They are also responsible for safeguarding the assets ol the Charity and hence for taking reasonable steps for the prevention and deleclion of fraud and oiher irregularilies. Preparation of Accounts with Independeni ExamSnatSon wll be undertaken in accordance with Section 145 of Ihe Charilies Aci 2011. Signed on behalf of the trustees by.. C Forrest (Chair) Date..
PARSON LATHAMS HOSPITAL IN BARNWELL STATEMENT OF FINANCIAL ACTIVIES YEAR ENDED 6 APRIL 2025 Unrestricted Endowment Funds Funds (£1 Total 2025 (£1 Total 2024 (£) Notes (£) Income and endowments from: Charitable activities: Housing - Resident's contribubons for.. Maintenance and Heating Electricity 1 (d) 29,046 7,075 36.121 29,046 7,075 36,121 28,106 8,202 36,308 Other income: Miscellaneous income Grants received 3,778 ioo 3.778 100 3.878 4,015 1.383 5.398 3,878 Donations and legacies 126 Investment income 2,604 2,604 2,985 Total income and endowments 42.603 42,603 44,817 Ex enditu Charitable activites- Services Telephone alarm system ElÈctricity Insufance Water rates 1,261 15,728 1,849 1.250 20.088 1,261 15,728 1,849 1,250 20,088 1,190 14,189 1.799 752 17,930 Maintenance Majorlcyclical repairs Day-ro-day repairs 6,811 6,040 12,851 6,811 6,040 12,851 5,792 3,653 9,445 Mana ement and other costs Charty scheme payTnents Advertising, stationary and postage Event costs Subscriptions Sundries Depreciation Loss on disposal ol tangible assets 39 39 39 607 980 133 245 607 458 689 133 6,337 6.092 5.895 2.643 9,731 2,004 6,092 8,096
PARSON LATHAMS HOSPITAL IN BARNWELL STATEMENT OF FINANCIAL ACTIVIES (CONTINUED) YEAR ENDED 6 APRIL 2025 Unrestrieted Endowmenl Funds Funds (£) Total 2025 {£1 Tolal 2024 1£) Notes (£) Governance costs Clerk's salary Independent examiner's fees Legal & Professional Fees 4,929 1,478 1,175 7,582 4,929 1,478 1.175 7,582 4,289 1,550 5,839 Total resources expended 42,525 6,092 48,617 42.945 Net incoming resources before transfers and gainsl(losses) on invèstments 78 16,0921 (6,014) 1,872 Nel gainslllossesl on investments 11,6181 {1,618) 9.296 Net incoming resour$ before transfers 1,540 16,092 (7,632} 11,168 Gross transfers between funds 120,2291 20,229 Nel movement in funds 121.7691 14,137 {7.632) 11,168 Fund balances at 7 April 2024 129,332 175,955 305.287 294,119 Fund balances at 6 April 2025 12 107.563 190.092 297.655 305.287
PARSON LATHAMS HOSPITAL IN BARNWELL STATEMENT OF FINANCIAL ACTIVIES YEAR ENDED 6 APRIL 2025 Notes 2025 2024 Fixed assets Tangible assets Investments 190,829 109,001 176,937 130,319 299.830 307,256 Current assets Debtors Cash at bank 562 5,306 522 1,068 5.868 1,590 Creditors- Amounts falling due within one year 8,043 13,559 Net current assets (2,175) (1.9691 Total assets less eurrent liabilites 297.655 305.287 Capital funds Unrestricled funds - general Unrestricled funds - designated Total unrestricted funds including revaluation reserve of£66,329 (2024.. £68,649) 12 13 11,680 95,883 48,503 80.829 107,563 129,332 Endowmenl funds 190,092 175.955 Total Funds 297,655 305.287 The financial siatements on pages 5 10 14 were approved by the Trustees and signed on their behalf by.. Mrs C Forrest Dale.. Mr N Bould Oate.. The accompanying notes form part of these financial slalemenls.
PARSON LATHAMS HOSPITAL IN BARNWELL NOTES TO THE ACCOUNTS YEAR ENDED 6 APRIL 2025 1. PRINCIPAL ACCOUNTING POLICIES Charrty information Parson Latham's Hospitsl in Barnwell is a Registered Charity and Registered Social Housing Provider that is primarily an Almshouso Charity. (al Accounting convention The charily conslilules a public bcnefil cnlily as defined by FRS 102. The financial siaiomonis have been propared in accordance wilh Accouniing and Reporting by Charities.. Statement of Recommended Piactice applicable to chariiios preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republlc of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021, the Chariiies Aci 2011. and UK Genoralty Acccpled Accounting Practice. The financial statements have been prep8rod to give a 'irue and fair, view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'lrue and fair vie. This departure has involved following the Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance rith the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019 rather than the version of the Statement of Recommended Practice which is referred lo in the Regulations but which has since been withdrawn. The accounls are prepared in sterling, which is the functional currency of Ihe Charity. Monetary amounts in these financial statements are rounded lo the nearest £. The accounts have been prepared on the historical cost convention 1th the exception of fixed asset inveslments that are slated ai market value. The principal accounting policies a¢Jopted are ser oui below. (b) Going toneern At the lime of approving the accounts, the Irustees have a reasonable expectation that the Charty has adequate resources lo continue in operational existence lor the foreseeable future. Thu5 the trustees ontinLJe to adopt the going concern basis of accounting in preparing the accounts. (c) Charitable funds Unrestricted funds General Fund5 Uniesiricted funds are available for use al Ihe discretion ol the trustees in furtherance of iheir charitable objeciives unless the funds have been designaied for other purposes. Designated funds The followng unrestricted funds have been designaied at the discretion of the trustses for specific purposes as follows..
PARSON LATHAMS HOSPITAL IN BARNWELL NOTES TO THE ACCOUNTS YEAR ENDED 6 APRIL 2025 1. PRINCIPAL ACCOUNTING POLICIES Charity information Parson Latham's Hospitsl in Barnwell is a Registered Charity and Registered Social Housing Provider that is primarily an Almshouse Charity. (a) Accounting convention The charily conslilules a public benefit cnlily as defined by FRS 102. The financial siaiomonrs have bcon propared In accordance wilh Accouniing and Reporiing by Charities.. Statement c>f Recommended Practice applicable to chariiios preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of IrÈland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021, the Chariiies Aci 2011. and UK Generalty Accepted Accounting Practice. The financial statements have been prepared to give a 'irue and fair, view and have departed from the Charities (Accounts and Reports) Regulations 2008 only lo the extent required to provide a 'lrue and fair vie. This departure has involved following the Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance rith the Financi81 Reporting Standard applicable in the UK and Republic of Irelan(S issued in October 2019 rather than the version of the Statement of Recommended Practice which is referred lo in the Regulations which has since been withdrawn. The accounts are prepared in sterling, which is the functional currency of Ihe Charity. Monetary amounts in these financial statements are rounded lo the nearest £. The accounts have been prepared on the historical cost convention wlh the exception of fixed asset inveslments that are stated ai market value. The principal accounting poltcies a¢Jopted are set oui below. (b) Going toneern At the lime of approving the accounts, the Irustees have a reasonable expectation that the Charty has adequate resources lo continue in operational existence for the foreseeable future. Thu5 the trustee5 ontinue to adopt the going concern basis of accounting in preparing the accounts. (c) Charitable funds Unrestricted funds General Funds Uniestricted funds are available for use al Ihe discretion ol the trustees in furtherance of iheir charitable objeciives unless the funds have been designaled for other purposes. Designated funds The followng unrestricted funds have been designaied at the discrelion of the trustses fof specific purposes as follows..
PARSON LATHAMS HOSPITAL IN BARNWELL NOTES TO THE ACCOUNTS (CONTINUED) YEAR ENDED 6 APRIL 2025 PRINCIPAL ACCOUNTING POLICIES (CONTINUED) Designated lunds {continuedl il Major repairs reserve the charty designates a reserve to cover unusual or major Items ( expenditure on its properties. ill Cyclical maintenance reserve repairs to its properties. the charity designates a reserve lo cover the costs of perlodi Permanent endowment funds Permanent endowment funds represent the capital of the Charity and are invested in operarional properties including almshouse residential properties and the Chapel Hall. This capital Is n expendable but the income generated represents uniestricled income. Id} Incoming resources Income is recognised when the Charity is legally entitled to it. Incoming resources represent residents, contributions for maintenance. healing, electricity and other sundry income and donations. lel Resources expended Expendrture is recognised when a legal or constrkjclive obligaiion has fallen due. All expenditure is accounted for on an acctuals basis. AJI expenses inclkjding governance costs are allocaied or apportioned io the applicable expenditure headings. Irrecoverable VAT is charged as a cosl against the activity for which the expenditure was incurred. (fj Tangible fixed assets and depreciation Tangible fixed assets. other than housing properties are stated ai cosi less aCcumulad depreciation. Depreciation is provided, on a straight line basis. to write off the cost ol assets over their expecred economic useful lives as follows.. Garden Equipment Computer Equipment -20% -20% Housing properties are stated at cost less depreciation. Major components are treated as separable assets and depreciated over their expected useful economic lives. or the lives of the structure to which they relale, if shorter, lo their eslimaled residual value on a straight line basis at Ihe following annual rates.. Structure Heating Roofing Bathrooms, Windows & Doors Lighting -1.25% - 3.33% - 2.00% - 2.50% - 3.33%
PARSON LATHAMS HOSPITAL IN BARNWELL NOTES TO THE ACCOUNTS (CONTINUED) YEAR ENDED 6 APRIL 2025 1. PRINCIPAL ACCOUNTING POLICIES {CONTINUED) (Q Tangible fixed assets and depreciation l¢ontinued) The gain or loss arising on Ihe disposal of an asset is deteTmined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities for Ihe year. Igl Social housing grant and other grants Where developments have been financed wholly or partly by social housing grant, the amounts of the grants received are recognised as incoming resources using ihe performance model. On the sale of a property, or if another relevant event lakes place. social h(sing grant may become repayable, although it Is normally available to be recycled and used for a new social housing projecl approved by the Homes and Communities Agency. (h) Investments nveslmenis listed on a recognised stock exchange are stated In ihe balance sheet al their market value. (i) Impaimient of fixed assets At each reporting end date, the charity revie the carrying amounts of ils tangible and intangib assets to determine whether there is any indication Ihat Ihose assets have sullered an impairment loss. 11 any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent ol Ihe impairmeni loss lif any). Recoverable amount is the higher ol fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments ol the b.me value of money and the risks specific lo Ihe asset for which the eslimales of future cash flows have not been adjusted. If the fecoverable amounl of an asset is estimated to be less than its carrying amount, the carrying amount of Ihe asset Is reduced io ils recoverable amount. An impairment loss is recognised immediately in incomel{expenditurel f(x the year, unless the relevant assel is Carried al a revalued amount, in which case the impairment105S is tteated as a revaluation decrease. Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased lo apply. Where an impairmeni loss subsequenily reverses, the carryng amounl of the asset is increased lo the revised estimate of its iecoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been delermined had no impairment loss bee recognised for Ihe asset in prior yeais. A reversal of an impairmeni loss is reco9nised immediately. unless the relevani asset is carried in at 8 revalued amount, in which case the reversal of the impairmenl Ioss is treated as a revaluation increase. 10
PARSON LATHAMS HOSPITAL IN BARNWELL NOTES TO THE ACCOUNTS (CONTINUED) YEAR ENDED 6 APRIL 2025 1. PRINCIPAL ACCOUNTING POLICIES (CONTINUED) ti} Financial instruments The Chaiity only has financial assets and financial Ilabiliiles ol a kind that qualify as basic financial instrument5. Basic financial instruments are initially recognised at rransaction value and subsequently measured at their settlement value wilh the exception of debt instruments which are subsequenily measured at amortised cosl using the ellective interest method. {k) Value added tax The Charity is unable lo reclaim any Value Added Tax (VAT) il incurs on ils expenditure. Thls Itrecoverable tax is a cost io the Charity and consequently all figures wihin these financial 5tatemellts are staled inclusive of any VAT incurred (unless slated othenNise). 11) Major repair costs The Charity capilalises expenditure on housing properties which results in an enhancement of ihe economic benefii of the asset such as an increase in the net rental stream over the life of the property. An increase in ihe nel rental stream may arise through an increase in net rental income, a reduction in future maintenance costs, or a significant extension of ihe useful lrfe ol the property. Expendr(ure on works which does not meet this criteria is WTitten off to the Statement of Financial Activities in the year in which il is incurred. This includes expenditure incurred lo ensure that the property can maintain its existing level of nei renlal income or the standard of performance anticipated when Ihe property was first acquired or constructed. 2. CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS In the applicaiion of the Charty's accounting policies, Ihe Iruslees are required lo make judgements. estimates and assumptions about the carrying amount of assets and liabilities that are nol rèadily apparent from other sources. The estimates and associated assumptions are based on historical experience and other laciors that are considered to be relevant. Actual resulrs may differ from these estimates. The estitnates and underlyng assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in ihe period in which the estimate is revised where the revision affects only that period, or in Ihe perK)d of the revision and future periods where the revision affecis both current and future periods. 3. EMOLUMENTS OF TRUSTEES AND SENIOR EXECUTIVE The trustees of the charily receive no remuneration. There were no persons employed by the charity during the year. An honorarium was paid lo the crk lo the Trustees, amounting 10 £4.92912024.. £4,289).
PARSON LATHAMS HOSPITAL IN BARNWELL NOTES TO THE ACCOUNTS {CONTINUED) YEAR ENDED 6 APRIL 2025 4. INTEREST RECEIVABLE AND SIMILAR INCOME 2025 2024 Income from Invesrments 2.604 2,985 5. SURPLUS FOR THE YEAR 2025 2024 Surplus lor the year is stated after charging.. Dopreciation of owned tangible asseis L055 on disposal of owned tangible assets 6.337 5,895 2,643 8.538 6,337 6. TANGIBLE FIXED ASSETS Computer Equipment Housing Properties Other Equipment Total 2025 Cost As at 7 April 2024 Additions Disposals As at 6 April 2025 1,567 288.329 20,2Z9 14,3611 304,197 7,553 297,449 20.229 14.361 313,317 1,567 7,553 Depreciation As at 7 April 2024 Charge lor the year Eliminated on disposals As ai 6 April 2025 1.567 112,374 6,092 4,3611 114,105 6,571 245 I ZO.512 6,337 4,361 122,488 1.567 6,816 Net book value As at 6 April 2025 190,092 737 190,8Z9 A5 at 6 April 2024 175.955 982 176,937
PARSON LATHAMS HOSPITAL IN BARNWELL NOTES TO THE ACCOUNTS {CONTINUED) YEAR ENDED 6 APRIL 2025 FIXED ASSETS- INVESTMENTS 2025 2024 Lisied invesiments Cash and cash equivalents.. COIF Deposil account COIF Deposit account- cyclical maintenance fund 92,033 114,526 1,849 15,119 109,001 829 14,964 130,319 Certain categories of investment owned by the chariiy have been designated by the trustees for particular uses (see note 141. The listed investment5 are valued at market value. Movements in fixed asset investments Cash Listed Investments Total Cosl or valuation A5 at 7 April 2024 Addition5 Valuation changes Oisposals As at 6 April 2025 15,793 4,675 114,526 2,500 12,3191 22,674 92,033 130,319 7,175 (2,3191 26,174 109.001 3,500 16,968 DEBTORS.. AMOUNTS FALLIND DUE IJVITHIN ONE YEAR 2025 2024 Prepayments Trade debtors 419 143 562 446 76 522 9. CREDITORS: AMOUNTS FALLIND DUE HIN ONE YEAR 2025 2024 Accnjals Trade Credilors 4,719 3,324 8,043 1,400 2,159 3,559 10. DWELLINGS 2025 No. 2024 No. Almshouses under management ai the year end
PARSON LATHAMS HOSPITAL IN BARNWELL NOTES TO THE ACCOUNTS (CONTINUED) YEAR ENDED 6 APRIL 2025 11. RELATED PARTY TRANSACTIONS Payments made to the trustee, Mrs P Rullerford during the year amounted to £146 12024.. £401 for reimbursement ol expenses. These transactions took place under normal commercial terms. 12. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Designated Endowment funds funds funds Total Fund balances al 6 April 2025 are represenled by.. Tangible fixed assets Investments Currenl asseis I Iliabilitiesl 737 13,118 2.175 11,680 190,092 190.829 109,001 12,175) 297,655 95,883 95.883 190,092 13. DESIGNATED FUNDS Cyclical Maintenance fund Major Total Repairs Designated fund funds A5 at 7 April 2024 Tian51ers Itollfiom general funds As al 6 April 2025 53,500 3,852 49.648 27,329 18,906 46.235 80,829 15,054 95.883 14. ENDOWMENT FUNDS Permanent Endowment fund As al 7 April 2024 Transfers from general funds Deprecialion on freehold housing properties As at 6 April 2025 175,955 20,229 {6,092 190,092 14
PARSON LATHAMS HOSPITAL IN BARNWELL INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES YEAR ENDED 6 APRIL 2025 I report to the Charity trustees on my examination ol the accounts of the charity the year ended 6 April 2025. which are sei out on pages 5 10 14. Respective responsibilites of trustees and examiner As the Chariiys Iruslees you are responsible lor the preparation of the account5 in accordance with the requiremenis ol the Charities Act 2011 I'the Act'l. I rcpon in rcspcci of my examination ol the charitys accounts carried oui under sectson 145 of the Act and in carryng out my examination I have followed all the applicable Directions givon by rhe Charity CommissK)n under section 14515llbl of ihe Aci. Independent exarniner's statement I have completed my examination. l confirm that no m8terlal mailers have come to my aiienlion in connection with the examination giving me cause to believe that in any maierial respeci.. l. Accounting records were not kept in respect of the charity as required by section 130 of the Act", or 2. the accounts do riot accord with those records., or 3. the accounts do not comply with the applicable requirements concerning the form and conlenl of the accounts as sel out in the Charities (Accounls and Reports) Regulations 21X)8 other than any requirement that the accounts give a 'true and fair view, which is not a maiter considered as pait ol an independent examination. I have no concerns and have come across no other matters in connection with the examination lo which attention shoutd be drawn in this report In order to enable a proper understanding of the accounts to be reached. K Hilliard ACA FCCA CTA Chartered Accountsnl For and on behalf of Price Bailey LLP 36 Tyndall Court Commerce Road Lynchwood Peterborough PE2 6LR