GOVERNORS, REPORT AND ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2025 OF JESUS HOSPITAL, ROTHWELL CHAIUTY REGISTERED NUMBER 201134
JESUS HOSPITAL, ROTHWELL INDEX TO THE ACCOUNTS Legal and administrative Inftlrn10n Report of the GovenM)r5 Report of the Ind¢peTKlent Examiner Receipts and payments accoiint Extrnordiwy Repair FWKI End0t FurMI Staiement of wets and liabilities 9-10
JESUS HOSPITAL, ROTHWELL LEGAL AND ADMINISTRATIVE INFORMATION GoverorS R E Brudenell Esq. (Chainnan) A E G de Cspell Brooke Esq. Mrs L C M Holborow M liobinson (Ap)Inl 29 January 2025) M W Spendlove Charlty Comml&slo# Reglstered Numbtr 201134 Princip•l addres8 Messrs Fisher Gernwi Innovation House Welland Business Park Valley Way Markd Harborough Leicestrrshire LE167PS BAnk 16 High Stye Kettering Northhmwonshire NN16 8SZ Sollcitorj Messrs Lwnb & Hol West Stre Kellering Northampionshire NN160AZ Ittdepefjdent Examlntr Adrian A. Bentley A.C.A. Messrs Edward Thom&s PeiTSon & Sons 21.ThePoint Ro¢kingham Road Market HarlM)rough Ikice5ter5hire LE16 7NU Page I
JESUS HOSPITAL, ROTHWELL. ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 Th¢ Gov¢rnors are pled to prosent their rqxTrrt tO8ethcr with the finaTKial 5tatrnthts of the Chwity for the year ended 31 March 2025. STRUCTURE. GOVERNANCE AND MANAGEmEr Constitutio Jesus Hospital. Rothwell is constituied by the Jesus Hospithl (Roth11) Charity Scheme Confimwion ACL 1959 (the "Aci") and is a registered Charity, number 201134. Governors The charity 8overnor5 durin8 the ye4rto 31 March 2025 were in seniority:. R.E. BNdenell Esq. Sir John Robinson. BL A.E.G. de Capell Brooke E54. Mr5 L.C.M. HollK>row M RObiTn M.W. Spendlove Chainnan from 4 Decemb¢r 2024 Chainnan to. and re5i8ned on. 3 December 2024 ApN)inted 29 Jartu 2025 The b(Kly of Governors shall consisL when complde. of a minimum of five comp¢t¢ni [SOn$ residing in the Couniy of Nonhampion. Governors shall b¢ appoint r(Y a l¢rni of five years by a re501ution of the CK)vemors passed at a special me¢ting. No gov¢rrK>r is ¢ntLtld to aet &s a governor until si8nin8 in the minute tXK>k of the Governors a declaration of aecepwKe willin8tteSS to act in the trusts of the Act. Any c4Jnpetent 8overnor may be rwpointed. A Govemor miy cease to hold the office of govemor if absent from 811 meetings of ihe Govemors during 8 period of two years, or is adjudged bankwm, or makes a wmposiiion or amngenKnt with ¢rediior& or is inwacitated from a¢¢ing as govemor, or who Communic¢$ in wriiins io the Governors a wish resign. The Governors shall minuie the 0UrrenCe f A vicaney at their next meetin8 and no vacancy shall be filled until after the Igpse of one ¢•]endar month its occurrence. Governor induetlon itsd tralnlng New Gov¢mors und¢rgo a briefin8 on.. their le831 obli8atilMLS urth charity law. the conturt of the Act. the m4ngg¢ment and decision makin8 process.. the recent financial rKrfonnance of the charity: and its future flow and other business plans. Governors ar¢ encoura8ed to atte[ appropriate external trainin8 events wh¢re these will facilitate the und¢rtaking of their role. M8na¥ement Th¢ Gov¢rngrs hold at It one ordinary mtttin8 in the year. Th¢ Gov¢rn0 at th¢ir firsl ordinary me¢tin8 in each yeAr ¢le¢t one of th¢iT number to chairnian of their nvtings until ih¢ Comn¢¢m¢TrI of the first ordÉnary m¢e¢ing in the followin8 year. A special meetin8 may be surnrTK>ned at any time by the chainnan or any two Govemors upgn four days. notice bein8 8iven to dl the other fjovern of the matters to be discSsed. The Governor5 cmploy a w¥rden #nd ve appointed Messrs. Fisher chered Surveyors. Innovalion House, Welland Busine&8 P8rL Valley Why. Market H8rborou8h. Leictttershire to oversee the day to day mwnt of the Charity. The Trusttts are reviewng the Charity'$ actiyrties and the risks it faces in tt5 day to Y OEmtions and intend to produce WTitten policies which are relevant and appropriale to those activities and risks. 0ECTIvEs AND AcfiviTIES The object of the Charity is to provide alm5house5 for tTKn. not Ic5S than sixty years of a8e and of good character who are resident in the County of Northampion, and prtfernbly in the Urban Thstrict of Rothwell. at the time of appoiniment. The Govemors may pmii the wife ofany almsman reside wth him in the almshouses. and uw)n death or removal of any almsmw th¢ Gov¢mors may mill his wife if pwiously sIding him in the altllshouse5 to coniinue in residence. The provision ofthe almshouses with wath assisted facilities. provides 8 valuable public benefit for those in need within th¢ area of t*nefit. Page 2
JESUS HOSPITAL, ROTHWELL. ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 Co&tiny¢d OWEcfivES AND AcfiviTIES Continued Th¢ Governors are Tequired to let and (heMse mnage the land belonging to the Charity other than th required to be retwna or occupied for its OWTL purp05c& The Governo15 shall ¢reatr any tenancy in ¥¢10Th after more than three years of any existing term. or for m)re than ts%tnty4one yeats ¢enain. or f(Y less than the best rent obtainable. without the sanctton of the Charity Commissioners or a competeni rL Ststem¢D¢ on public benefit The Governors 8re mind1 that li is of pwamwt irnrrt)rtarv that th¢ Charity'5 ¥Ctivities are carried out for the public benefit. They ¢onfirn) ihat they hav¢ wrnplied with their duty in Sedion 4 of the Charitits Act 2(N)6 to have due regard to the guidance publislled by the Charity Commission public belfiL ACHIEVEMENTS AND PERFORMANCE INCORPORATING FINANCIAL REVIEW The attached financial coUnts are presented 8 receipts aTwJ yTrtftts basis which bs a factu Yecord of the money received and paid by th¢ Charity durin8 the financial year. This b&sis. whieh has been consistently applied from one year to the nexi. is considered to be the most appropriate for UnirorpOrn Charities wth annual income {excluding s81e5 of tangible flxed assets and investments) of less than £250,IKKI. A separa SNement of Assets ond Liabilities. listing the 5i8nificant POSS$10n$ and outsthnding finAncial commithts of the S¢h¢nK at th¢ end of th¢ fIn¢La1 y¢4r is also included. The accounts also comply with the approwia1¢8al r¢quir¢rn¢nts and pronouncements made by the Charity Commission. Durin8 the financial year nine of the ten &lrnshouses occupied throughouL the rtmainÈng flut w&s ¢mpty for approximately three and 8 half tM)nths. As almshouse flats berne availabl¢. the opportunity is tsken to increase th¢ ren¢ har8ed to reflect the ever EK11n8 Tunnin8 wsts. The Almshouse rents for exisliroa tenants were in¢r¢a8¢d in Januhry. Payments of £32,213 (2024.. £25221) were rnade Én th¢ y¢pr in res of repoir and rnainterAnee of the Almshouse5 and the Warden's ¢otta8¢. This included £8.772 spent on the full renovaiion of one of the flats as well as £4,892 on repl&cin8 All fire detectors and £4.224 on r¢placin8 a significant rtIOn of the 8laang in the Alm51Ksuses. In view of the a8e of the prowty si8nific8M m&intrtwKe costs are w be expect>1 in the fij. In addition. a total of £12.726 12024.- £16.515) in repairs and mbintenance of the eharity's other propertles. which are let for inveMment purpos¢s. In¢lud¢d within this ¢xpenditure is £4.188 5tnt on paintin8 and 8utterin8 repairs at Hospital Hill Farniknus¢. well a £3.864 on skirtin8 and rwf repairs to the annex at Hospital FAM (Thorpe Und¢rwood}. Rental receipts from Cottages for the year £29,075 thich is £4,075 nre than in the previous year 8nd r¢ntal re¢eipts the three faTfTLS were £41,168 compared with £36.978 in 2023r24. The rem chargd on the Warden's House was increased to £700 per rnonth from June, resulting in receipts of £8,000 {2024.. £6.0001 for the year. It is the Govern(5' wlicy to mainthin all of the Chartty'$ propffiies in a good Oate of repair and w¢ ar¢ advised in this respect by Mes5rs Fisher Gemian. In addition, we ¢onunue to revi the assets ensufe that th¢ir ¢arning Fthn¢ial is m8ximi5ed and that the Charity operates in a manntt that is nTr)sl sutthbl¢ to a¢hiv4e its long-t¢nn objI1veS. Mes5rs Fisher German valued the property portfolio &$ at 31 March 2012 and these values are shOm in the Ststement of Assets and Liabilities. (hher than the distwl of the and land at Hospitsl FarnL Rothwrll. i&st year. the Gov¢rnors are not aware of any material changes in the proF¢ny values since that d*. It is disappointing to Tep)rt the inv¢slrnents in the Core Investment Fund for Charities administered by RathFxMe Unit Trust Management dUCed in value by nM)re than 2Ys am(xmting to £596.980 at the end of the ye4r.
JESUS HOSPITAL, ROTHWELL ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2(125 Continued ACHIEVEMENTS AND PERFORMANCE INCORPORATING FINA]¥CIAL REVIEW Continued No r¢mun¢ration paid to Governor5. A policy of Trus*e Indemnity Insuran¢¢ is in pla¢¢ and w&s renewed wth effect from 17 February 2025. A PmiuM of £2.078 {2024: £2,078) was Fold fr the ye4r commencing on that date. There 15 a150 an exce55 liability policy on top of this renewNI on 8 F¢lw 2025 for which a rKerniwn of £56212024.. £562) was paid. As a result of the rnatters referred to aiK)v< overa]I c8sh reseryes increas4 by £5.771 over the year and at the yeaT.¢nd amount¢d to £78,668. Reserves Polity It is the Governor5. policy to m&inthin sufficieni reseryes to enable the Cljarity ty ¢ontinue to.. provide the almshouse5 and associatrd se1vis. m&inthin the Charity's properties lo ¥ high stsndard: and rneet its liabilities as they fall due. Messrs Fisher Gemian assist the Governors in pr¢paring annual bud8ets and tash flow projections and in monitoring AciuAI perfomiance again4 th¢s¢ figures. on these projtttions ihe Govemors are $isfied ihat ih¢ reserves ar JI Mar¢h 2025 will suificient for the foreseeable firture. However, the w)siiion will coniinue to be nwnitored by FisheT Gernian on a month by month basis. with r¢ference to the Goyemots where appropriatr. Revlew of maJor r19 To Mit21¢ th¢ risks to which the chvity is exp)s>l the Goverrwxs employ a finn of Chartud Surv¢y¢)rs to sUre the Charity's assets are approprialY managed and adequaiely insuffd. DeclArntiOD I declare. in my cepocity of Chftrity Governw, thaL' The Governors have approved the report abov¢.' and Have authorised me sign il on their ber R E Brudenell Esq. Chairrnan D&ted 9 March 2026
JESUS HOSPITAL ROTHWELL INDEPENDENT EXAMII¥ER'S REPORT TO THE GOVERNORS OF JESUS HOSPITAL ROTHWELL I report to ihe charity governors my examination of th¢ ac¢owits of Jesus H(yiW, Roth1] f(x the Y ended 31 March 2025 which are sct on p88¢s 6 to 10. Rwponsibilities ••d buls of report As the chan'ty's gov¢mors you art wwibje for the preparntion of the xcounts in accord with the requirements of Ihe Charitics A¢¢ 2011 I'hc Ac¢-l. I report in resrKd of my exonunatir of the chwtty'$ cried out se¢v(m 145 of thc Art And in ¢arrying o my examination I have followed 211 the applicable Direciions given by the Ch•tity Commissioners und¢r sethot) 14515Kbl of the Aci. Ind¢peTrdeDI txmln•r's st4teme#¢ I have ¢ompl¢wd My examin•iion. I Confi no mtri¥l m¢15 haye ¢ my attyiiion in conrJe¢iiott with the examinAtion giving ¢ayse to beli¢ in mawial rryect.. a¢¢ouniin8Trth w¢r¢ kept in re4)Ed of the ch8rity $ required by se¢tiM 130 of the Act. or th¢ •c¢ounts do not t¢rd with tho4¢ record& I have no Concen hnd ve come #ross othv m*lers in with examinltion which Itn(lon should be drllwn in I r¢piTrrt in onkr enable 8 proper undwnding of the accots w be reach1. AdriBn A. Edw Charte0 A¢Lounwits. 21. The Point Rocktngham Road Market H2tborou8 Leicestershire. rley A.C.A. LE16 7NU. 9 Mar¢h 2026
JESUS HOSPITAL, ROTHWELL RECElYtS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 GENERAL PURPOSES FUND 21125 21124 Receipts ContributloD$ from Almsfj 35.471 30.693 ReceSpt$ from Invegtmetht assets: Farm Tents Cott8g¢ r¢nts Wayleaves Distributions from unit trwts Bank inieresi 41.168 29.075 1.513 16.153 821 36.978 25.1KK> 993 16.146 496 88,730 79.613 Refund of #ln)ghou costs: Warden's House rent Council tax Pioperty repairs. Alrnshow & Wardm's C(rtta8e 8.200 270 480 8.950 6,0(N) Refund of¢osts reltlD¥ to lTrvestrnenl Council tax Li8ht and heat Tenants, ¢on¢ributions to ryirs 338 102 750 750 440 Refund of MA Tr#¥emtnt aKd AdmiDiStrntloD costs: Insurdnce- E5tste lincludin8 valuation fees) Subscriptions 476 476 196 VAT repayments from H.M. C¥stow & Exele 615 618 Total receipts from operational activities 134.992 117,560 Gr058 proceeds of sale of inwestrneDI I. Charity Multi Asset FWMI Inco Units 9,397 9,397 Equ4liMtion on purchs of investn)tnt ts. Core Investsn¢nt Fund For Charities I)me Units 171 Total Receipts 134.992 27,128 P4r6
JESUS HOSPITAL, ROTHWELL RECEIVTS AND PA YMENTS AccouNr FOR THE YEAR ENDED 31 MARCH 2025 GENERAL PURPOSES FUND 21n5 2024 Payments Direet #lmshouse $ts. Staff Costs (including r¢¢ruitrnent) Waier rates Council thx Propeny repairs- Almshouses & Warden'5 Cowe Machinery repair5 & ¥aTden expenses Lighi and heat Professional ftts Ldiing fees- Almsho Warden's HO$t rent refimded 5.946 2,041 1.156 31213 1358 14,159 10.796 1,325 200 5,418 1.380 25.221 2.070 9.785 2,076 70.194 45.950 Costs relAtiTrg to Invtstmtnt #Jstts: Light and heat Coun¢il tax Invesimeni property repairs Professional f¢¢5 Ldiing fees Wayleaves refunded 448 807 16,515 4.320 4.367 11726 7.680 1,970 723 23,099 26.457 Man4g¢rn¢D¢ and 8dmlnutrntlon toits: Ageni's fees Accountancy fees Insurance- Esiaie lin¢luding valuation re) Insurance- Governots, indemnity Subscripiions Fire risk assessment Investment Manag9, fee5 MiscellarteoLL 10,648 4,980 6,696 3203 683 2,038 3,681 12,830 6,365 2.078 650 32,045 25,363 Payrnents for fixed ss5tts othtr yMents. Purchase of Sirimmer Contribution to Extraordinary Repair Fund VAT payments io H.M. Customs & Excise 2W 50 10,121 50 4.023 4.073 10,461 Tot81 payments for operational activities 129.411 108,231 Gro&4 eipenditure ott pur¢h*8e of IDvestnb¢nt assets: Core Investment Fund For chariti IncoffK Units 20.322 Totsl payments 129,41 128.553 Net receiptsl(payments) Cash funds at 31 March 2024 5,581 11.4251 72.699 74.124 Cash funds at 31 March 2025 78,280 72.699 Page 7
JESUS HOSPITAL, ROTHWELL RECEivfs AND PAYMENTS AccouNr FOR THE YEAR ENDED 31 MARCH 2025 EXTRAORDINARY REPAIR FUND 2025 2024 Receipts Receipts from iDVeStmeTrt asgets: DiStri1li0S from unit trusts Other receipts: Contribution from General Purposes FuThJ 50 50 50 50 Total receipts from operntional activities Gross proee¢d$ of of Investthtnt ssets: Charity Multi Assei Fwid Accumulation Units 48 Totsl receipts 239 Payments Grosg ¢xpendlture ott pur¢h#st ofinvestment Jxts: Charity Multi Asset FLUWJ Acclunulation Units 50 50 Total payments 50 Net receipts 189 Cash funds at 31 Mar¢h 2024 198 Cash funds gt 31 Mareh 2025 388 198 ENDOWMENT FUND 2025 2024 Receipts Gross proc¢¢d$ of sale of5thvestme#t sytts: Charity Multi Asset Fd Income Units 15,612 Payments Gross expendffitu on pur¢hse of ittve5tmeDt assets: c.ore Investment Fund For Charitie5 Incon* Units 15,612 Net receiptsl(P2yments) Cash funds It 31 March 2024 Cash fundg at 31 Mareh 2025
JESUS HOSPITAL, ROTHWELL STA TEMENT OF ASSETS AND LIABILITIES AS AT 31 MARCH 2025 MoDetsry Ass¢ls of the Gentrnl Purwes Fund 21125 2024 CAsh fund$ Bank current a¢Unt Bank dewsii a¢¢ount Investment managers ¢apithl account Investment managers cash account 74.862 76 63.762 75 1.433 7.429 3.342 78.280 72.699 Pr¢paymeThts & Aeerned Income Accrued Income: Contributhons from almsmen Fam) rents Sale of rnow¢r 2.408 8(M) Prepaid expenses.. Water rates Council t&K Li8ht & heat Almshouse re7 Insurhnce Estate Governors, ind¢rnnity Subs¢ripiions 727 1,517 183 270 183 3.410 2,315 512 3.420 1.753 488 13.093 6,114 LiabilititS Ho$pi¢al rents rtctived in sdvan Fam ren15 r¢¢¢iv¢d in advance Cottage rents received in advance PAYENIC Almshouse repairs Inve5tmrnt property repairs Machin¢ry r¢pairs & garden exp$¢$ Council t& Light & heat Alrn5hous¢ l¢lting fees Almshouse profession fees Investment property professional fees A8ent's fees A¢countartcy fces Fire risk 8ssessment Fund managtrs, fees Trdnsf¢r due io Extraordinary Repair Fund VAT Payable 596 557 1250 637 317 1,620 3.787 303 299 180 895 205 1.981 643 1,200 350 18.406 3.135 11328 871 50 2.392 42.846 8,411 4,731 2.058 919 50 1.954 27.501 Page 9
JESUS HOSPITAL, ROTHWELL STATEMENT OF ASSETS AND LIABILITIES AT 31 MARCH 2025 CONTINUED MoDetsry Assets 2025 2024 Endowment land Dd blIdiag5 8t vAIu8tion 31 Mrth 2012: 10 Almshouse flats, Warden's cottage and Matron's cottage. Rothwell (Us¢ restri¢ted by The jesus Hospital (Roihwell) Charity Scherne Confirmation Act 1959) Hospital Hill Farrjthouse 875.(M)O 875,000 230.000 230.¢I)0 1,105.(K>O 1.105.000 Investmeslt land •nd buildiw at v•lutiOfj 31 Mr¢h 2012: Hospital Fami, Roihwell (42.075 aeresl. (arnth let utMl¢r an assured shorthold tenwKy and land let urthr a fam Imtsiness ta)A 334.500 334,500 334,500 334,500 Hospital Fami, lThorpe Urnl¢rw(x)d (185.782 t¢s) Id uThJer a fvll agnltUrnI tenancy Grdnge Farni. Old (168 ocres) let under a full agTi¢Uttyr31 tenancy: 838.(M)O 838.000 ?54.)0 754.000 1.926,500 1.926.500 FunctionAI As5ets- Grdets Eq4iprn¢Dt It vbjt: Mounttield Mower- Purchased May 2018 Makita Strimmer. Puhse4 Jun¢ 2023 499 290 2 29• 789 Investment Assets Endowment ittvulm¢nt$ 8t vlugtitin •ts 31 Mreh: Charity Multi Asset Fund Income Units Core Investmen¢ Fund For Charities Income Units 16,459 16.844 Other In¥estm¢pts 8t vAIu8tion 31 Mreb: Charity Multi A55et Fund In¢om¢ Units Core Investm¢ni Fund For Charities Income Units 575.408 588.868 591.867 605,712 EXTRAORDINARY REPAIR FUND 2025 2024 Non Monetary A$sets Investments at valuation on 31 March- Core Inve5tmeni Fund For Charitie5 IncomE Units 5,113 5.232 Monetary Aet9 Cash funds.. Investment managers cash acwunt Debtors.. TTan5feT due from Gener Purpo Fund 388 198 50 50 5.551 During the ¢omparativ¢ year. income of £1 was accumula1 within ¢¢rtain units that have sirKe been sold. 5.480 R. E. Bwdenell Esq. Chainnan For and on behalf of the Governors 9 March 2026 Page 10