THE HOSPITAL OF SIR JOHN POPHAM KNIGHT
Registered Charity No 201003
FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024
| Index | Page |
|---|---|
| Reference and administration details | 1 |
| Trustees' report | 2 to 3 |
| Accountant's report | 4 |
| Receipts and payments account | 5 |
| Statement of assets and liabilities | 6 |
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THE HOSPITAL OF SIR JOHN POPHAM KNIGHT
REFERENCE AND ADMINISTRATION DETAILS
The Hospital of Sir John Popham Knight is a scheme registered and approved by the Charity Commission. It is administered and managed by a body of Trustees.
Charity Registration No 201003 Principal address Shute House 69 South Street Wellington Somerset TA21 8PD Trustees Mr M Lithgow (Chairman) Mr M Colman (Treasurer and Steward) Mrs M Blogg (Resigned during year) Mrs S McGuirk Mrs T Bradnock Mrs V Stock-Williams Mr R Lane Mrs S Colman Mrs J Copplestone Independent examiner Mrs M Hutchings Apsleys Chartered Accountants 21 Bampton Street Tiverton Devon, EX16 6AA
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THE HOSPITAL OF SIR JOHN POPHAM KNIGHT TRUSTEES' REPORT 31 December 2024
The Trustees present their report and the financial statements for the year ended 31 December 2024
Objectives and activities
The objective of the Charity is to provide accommodation for poor people who must be over the age of 60 at the date of acceptance.
The main activity of the Charity is the provision and maintenance of twelve almshouses within the parish.
The Trustees have had due regard to guidance published by the Charity Commission on public benefit. Compliance with this guidance is achieved via the Charity's objective and activities.
Achievements and performance
Through 2024, we have continued to maintain the overall condition of the Flats to a very high standard. Very little structural work had to be done, just the standard maintenance contracts were completed (i.e. Boiler Servicing) – this is mainly due to the fact that a decent programme of works was scheduled in 2021 and 2022 when the current Steward, Matt Colman, was appointed. We remain very pleased to note that the flats are in very good working order. Trees have now been planted and this has enhanced one’s view of the flats from the adjoining road.
The finances of the charity remain in good order. Maintenance contributions of £28,828 were received from the residents.
Financial review
During the year, income exceeded expenditure by £5,929 (2023: £4,002).
We agreed to freeze the weekly maintenance contribution for 2025, as the trust remains in good financial health and we do appreciate that we all face inflationary pressures.
Structure, governance and management
The charity is governed by a Charity Commission scheme dated 2 November 1982.
Trustees are identified from the local community, both within the parish and in adjoining areas, on the basis of their personal career experience. The Trustees have established a Trustee Induction Policy that will be used on the appointment of any new Trustee.
Trustees’ meetings are held twice per annum and are the principal forum for establishing management procedures, operational decisions and broader principles. There is an intention to hold the AGM by the end of May every year. Trustees also engage, on a regular basis, with the residents of the Almshouses and this dialogue helps guide the Trustees with their decision-making.
The placing of contracts for routine maintenance up to the value of £500 can be decided upon by the Steward alone and any major works are approved at the six monthly meetings or interim meetings, as appropriate - often decided by email through the Chairman.
The Trustees have examined the major risks which the charity faces and confirm that systems have been established with the objective of minimising those risks.
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THE HOSPITAL OF SIR JOHN POPHAM KNIGHT TRUSTEES' REPORT (continued) 31 December 2024
Trustees' responsibilities statement
The Trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable laws and regulations
The Charities Act 2011 require the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of its income and expenditure for that period.
In preparing these financial statements the Trustees are required to:
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(a) select suitable accounting policies and apply them consistently;
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(b) observe the methods and principles in the Charities SORP (FRS102);
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(c) make judgements and estimates that are reasonable and prudent;
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(d) state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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(e) prepare the financial statements on a going concern basis unless it is inappropriate to assume that the charity will continue in operation.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for taking reasonable steps to safeguard the assets of the charity and to prevent and detect fraud and other irregularities.
This report was approved on behalf of the Trustees on ………….... and signed on their behalf by
………………………………………..
Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE HOSPITAL OF SIR JOHN POPHAM KNIGHT
ON THE UNAUDITED FINANCIAL STATEMENTS
I report to the charity trustees on my examination of the accounts of the company for the year ended 31 December 2024 which are set out on pages 5 to 6
Responsibilities and basis of the report
As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 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 matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records
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.
Mrs M Hutchings Apsleys Chartered Accountants 21 Bampton Street Tiverton Devon EX16 6AA
Date ……………………..
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THE HOSPITAL OF SIR JOHN POPHAM KNIGHT RECEIPTS AND PAYMENTS ACCOUNT For the year ended 31 December 2024
| THE HOSPITAL OF SIR JOHN POPHAM KNIGHT RECEIPTS AND PAYMENTS ACCOUNT For the year ended 31 December 2024 |
|
|---|---|
| Receipts Maintenance contributions Interest receivable Dividends received Payments Water rates Other rates Insurance Alarm system Day to day maintenance Cyclical maintenance Extraordinary repairs Steward's salary Printing, postage and stationery Telephone NAA subscription Accountancy Payroll Miscellaneous Excess of receipts over payments Transfers Bank balance at 31 December 2023 at 31 December 2024 |
Unrestricted Restricted 2024 2023 Funds Funds Total Total £ £ £ £ 28,828 - 28,828 27,050 712 - 712 609 3,812 - 3,812 3,576 |
| 33,352 - 33,352 31,235 |
|
| 2,960 - 2,960 2,583 2,313 - 2,313 1,972 1,232 - 1,235 1,235 - - - 4,356 - 4,356 5,966 1,422 - 1,422 2,269 6,676 - 6,676 3,580 5,500 - 5,500 6,500 147 - 147 179 144 - 144 144 419 - 419 640 1,380 - 1,380 1,300 354 - 354 334 520 - 520 531 |
|
| 27,423 - 27,426 27,233 |
|
| 5,929 - 5,929 4,002 - - - - |
|
| 5,929 - 5,929 4,002 44,223 - 44,223 40,221 |
|
| 50,152 - 50,152 44,223 |
The financial statements were approved on behalf of the Trustees on ………….... and signed on their behalf by
………………………………..……(Trustee) ………………………………..……(Trustee)
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THE HOSPITAL OF SIR JOHN POPHAM KNIGHT STATEMENT OF ASSETS AND LIABILITIES 31 December 2024
| Fixed assets Freehold housing properties at insurance value Investments at market value Current assets Prepaid insurance and subscription Rent arrears Cash at bank Total assets Sundry creditors and accruals Water Accountancy fees (inc VAT) Exe Valley Payroll |
2024 £ 1,099,369 142,459 1,241,828 1,035 - 50,176 51,211 1,293,039 1,158 1,380 60 2,598 |
2023 £ 1,099,369 136,959 |
|---|---|---|
| 1,236,328 1,025 404 44,223 |
||
| 45,652 | ||
| 1,281,980 | ||
| 962 1,300 28 |
||
| 2,290 |
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