2023-12-31-accounts

	Page
ReferenceandAdministrativeDetailsoftheCharity,itsTrusteesandAdvisers	1
Trustees’Report	2-8
IndependentAuditor’sReport	9-11
StatementofFinancialActivities	12
BalanceSheet	13
StatementofCashFlows	14
NotestotheFinancialStatements	15— 34

		Permanent		Restricted		Unrestricted	Tota!	Tota!funds
		funds		funds		funds	funds	2022
	Note	2023		2023		2023	2023	£
		£		£		£	£
Incomefrom:
Donations,grantsand
legacies	2		-	12,644		66,807	79,451	52,487
Fundraisingactivities
Investmentincome Charitableactivities	ok		- - -	3,520	- -	31,787 580,109 286497	31,787 583,629 286,497	28,289 570,024 279,077
Totalincome			-	16,164		965,200	981,364	929877
Expenditureon:
Raisingfunds:
Costsofgenerating
voluntaryincome	6		-		-	16,112	16,112	15,371
Investment
managementcosts	7		-		-	59,536	59,536	129,020
Charitableactivities:	8
Refurbishmentof
Brothers’Flats			-		~	498,365	498365	-
OtherCharitable
Activities			-	11,689		787,729	799,418	175,737
Totalexpenditure			-	11,689		1,361,742	1,373,431	920,128
Netincoming			-	4,475		(396,542)	(£392,067)	9,749
(outgoing)resources
beforeinvestment
gains
Netgains(losses)on	14	1,751,612		36,384		183,910	1,971,906	(1,853,655)
investments
Netincomebefore		1,751,612		40,859		(212,632)	1,579,839	(1,843,906)
transfers
Transfersbetween	15		-	(198,375)		198,375	-	-
funds
Netmovementin		1,751,612		(157,516)		(14,257)	1,579,839	(1,843,906)
funds
Reconciliationof
funds:
Totalfundsat1		18,042,892		503,509		2,492,951	21,039,352	22,883258
January2023
Totalfundsat31		19,794504		345,993		2,478,694	22,619,191	21,039,352
December2023

			2023		2022
	Note	£	£	£	£
Fixedassets
Tangibleassets	16		355,152		391,233
InvestmentProperties	17		6,899,000		6,186,000
Investments	18		15,284597		14,258,576
			22,538,749		20,835,809
Currentassets
Stocks	19	8,330		8,825
Debtors	20	18,356		17,435
Cashatbankandinhand	26	148,272		245,405
		174,958		271,665
Creditors:amountsfalling	21	(94,516)		(68,122)
duewithinoneyear
Netcurrent			80,442		203,543
(liabilities)/assets
Netassets			22,619,191		21,039,352
Charityfunds
Permanentfunds	22		19,794,504		18,042,892
Restrictedfunds	23		345,993		503,509
Unrestrictedfunds	24		2,478,694		2,492,951
Totalfunds			22,619,191		21,039,352

		2023	2022
	Note	£
Cashflowsfromoperatingactivities
Netincome(outgoings)fortheyear(fromStatementof		(392,067)	9,749
FinancialActivities)
Adjustmentfor:
Dividends,interestandrentsfrominvestments		(583,629)	(570,024)
Decrease/(Increase)instock		495	2,320
Decrease/(Increase)indebtors		(921)	(3,678)
(Decrease)/Increaseincreditors		26,396	(59,006)
Depreciationoftangiblefixedassets		36,081	36,081
Netcashprovidedbyoperatingactivities		(913,645)	(584,558)
Cashflowsfrominvestingactivities
Purchaseoffixedassetinvestments		(1,625)	(1,625)
Transferstocashfrominvestments		200,000		-
Purchaseoftangiblefixedassets		-		-
Disposaloftangiblefixedassets		34,508		-
Dividends,interestandrentsreceivable		583,629	570,024
Netcashusedininvestingactivities		816,512	568,399
Changeincashandcashequivalentsintheyear	26	(97,133)	(16,159)
Cashandcashequivalentsbroughtforward		245,405	261,564
Cashandcashequivalentscarriedforward		148,272	245,405

	Permanent	Restricted	Unrestricted	Total	Total
	funds	funds	funds	funds	funds
	2023	2023	2023	2023	2022
	£	£	£	£	£
Donations	-	9,894	18,326	28,220	19,737
Grants	-	2,500	36,000	38,500	32,750
Legacies	-	250	12,481	12,731	-
	-	12,644	66,807	79,451	52,487

		Permanent	Permanent	Restricted	Unrestricted	Total	Total
		funds		funds	funds	funds	funds
			2023	2023	2023	2023	2022
			£	£	£	£	£
	Events	|	-	-	4,527	4,527	4.631
	Shopsales		-	-	14,885	14,885	13,240
	Tearoomsales		-	-	12,375	12,375	10,418
			-	-	31,787	31,787	28,289
4.	Investmentincome
		Permanent		Restricted	Unrestricted	Total	Total
		funds		funds	funds	funds	funds
			2023	2023	2023	2023	2022
			£	£	£	£	£
	Rentreceivable		-	-	145,551	145,551	132,593
	Investmentincome		-	,3,020	434,558	438,078	437,431
			-	3,520	580,109	583,629	570,024
5.	Incomefromcharitableactivities
		Permanent		Restricted	Unrestricted	Total	Total
		funds		funds	funds	funds	funds
			2023	2023	2023	2023	2022
			£	£	£	£	£
	RecoveriesfromBrothers		-	-	169,845	169,845	170,510
	Primarypurposetrade		-	-	79,618	79,618	69,672
	Ancillarytrade		-	-	37,034	37,034	38,895
			-	-	286,497	286,497	279,077

6.	Costsofgeneratingvoluntary	income
		Permanent	Restricted	Unrestricted		Total	Total
		funds	funds	funds	|	funds	funds
		2023	2023	2023		2023	2022
		£	£	£		£	£
	Expensesofpublicvisiting	-	-	4,045		4,045	3,825
	Costsofgoodssold	-	-	12,067		12,067	11,546
		-	-	16,112		16,112	15,371
	Investmentmanagementcosts
		Permanent	Restricted	Unrestricted		Total	Total
		funds	funds	funds		funds	funds
		2023	2023	2023		2023	2022
		£	£	£		£	£
	Investmentpropertyrepairs	-	-	38,450		38,450	97,800
	Investmentproperty
	managementfees	-	-	11,915		11,915	21,177
	Supportcosts(note11)	-	-	9,171		9,171	10,043
		-	-	59,536		59,536	129,020
	Analysisofexpenditureoncharitableactivities
		Permanent	Restricted	Unrestricted		Total	Total
		funds	funds	funds		funds	funds
		2023	2023	2023		2023	2022
		£	£	£		£	£
	Upkeepofhistoricbuildings	-	8,279	308,169		316,448	344,131
	Refurbishmentof
	Brothers Flats	-	-	498,365		498,365	-
	Brothers’welfare	-	3,410	290,269		293,679	228,048
	Publicvisitingand
	advertisingexpenses	-	-	56,416		96,416	61,319
	Volunteerexpenses	-	-	-		-	-
	Costsofgoodssold	-	-	16,025		16,025	13,530
	Professionalfees	-	-	-		-	600
	BadDebts	-	-	-		-	9,750
	Depreciation	-	-	36,081		36,081	36,081
	Governancecosts(note10)	-	-	80,769		80,769	82,278
		-	11,689	1,286,094		1,297,783	775,737

	Direct	Support	Total	Total
	costs	costs	funds	funds
	2023	2023	2023	2022
	£	£	£	£
Upkeepofhistoricbuildings	296,730	19,718	316,448	344,131
RefurbishmentofBrothers’Flats	498,365	-	498,365	-
Brothers’welfare	261,664	32,015	293,679	228,048
Publicvisitingandadvertisingexpenses	31,187	25,229	56,416	61,319
Volunteerexpenses	-	-	-	-
Costsofgoodssold	16,025	-	16,025	13,530
Professionalfees	-	-	-	600
BadDebts	-	-	-	9,750
Depreciation	36,081	-	36,081	36,081
Governancecosts(note10)	23,353	57,416	80,769	82,278
	1,163,405	134,378	1,297,783	775,737

	Restricted	Unrestricted	Total	Total
	funds	funds	funds	funds
	2023	2023	2023	2022
	£	£	£	£
Auditfees	-	18,557	18,557	12,852
Otherprofessionalfees	-	4,796	4,796	7,047
Supportcosts(note11)	-	57,416	57,416	62,379
	-	80,769	80,769	82,278

		Investment
		property	Charitable
		management	activities	Governance
		(Note7)	(Note9)	(Note10)	Total
		£	£	£	£
	2023
	ClericalSalaries	9,171	61,219	46,921	117,311
	Officecosts		15,743	10,495	26,238
		9,171	76,962	57,416	143,549
	2022
	ClericalSalaries	10,043	76,024	52,550	138,617
	Officecosts	-	14,744	9,829	24,573
		10,043	90,768	62,379	163,190
12.	Staffcosts
	Staffcostswereasfollows:
				2023	2022
				£	£
	Wagesandsalaries			292,215	304,822
	Socialsecuritycosts			23,517	25,319
	Pensioncosts			15,638	16,277
				331,370	346,418

	Permanent	Restricted	Unrestricted	Total	Total
	funds	funds	funds	funds	funds
	2023	2023	2023	2023	2022
	£	£	£	£	£
Unrealisedgains/(losses)
onrevaluationof
investmentproperties	725,038	-	-	725,038	70,000
Realisedgains/(losses)
oninvestments	22,470	-	-	22,470	-
Unrealisedgains/(losses)
oninvestments	1,004,104	36,384	183,910	1,224,398	(1,923,655)
	1,751,612	36,384	183,910	1,971,906	(1,853,655)

	Restricted	Unrestricted
	funds	funds
	£	£
Appropriationstorestrictedfunds	1,625	(1,625)
Transferstocash	(200,000)	200,000
	(198,375)	198,375

	Fixtures,
	fittings&
	plant	Total
	£	£
Costorvaluation
At1 January2023	541,213	541,213
Additions
Onrevaluations
At31December2023	541,213	541,213
Depreciation
At1 January2023	149,980	149,980
Chargefortheyear	36,081	36,081
At31December2023	186,061	186,061
Netbookvalue
At31December2023	355,152	355,152
At31December2022	391,233	391,233

		Investment
	Investment	properties
	properties	Noble
	Hospital	Poverty	Total
	£	£	£
Costorvaluation
At1 January2023	5,206,000	980,000	6,186,000
Additions	-	-	-
Disposals	(12,038)	-	(12,038)
Onrevaluations	515,038	210,000	725,038
At31December2023	5,709,000	1,190,000	6,899,000
Netbookvalue
At31December2023	5,709,000	1,190,000	6,899,000
At31December2022	5,206,000	980,000	6,186,000

18.	Fixedassetinvestments
		Permanent	Restricted	Unrestricted	Total
		funds	funds	funds	funds
		£	£	£	£
	CCLAFundsatmarket
	value
	At1 January2023	11,856,892	482,983	1,918,699	14,258,574
	Recoupments	-	1,625	-	1,625
	Additions	34,508	-	(34,508)	-
	Disposals	-	-	-	-
	TransfersBetweenFunds	-	-	-	-
	TransferstoCash	-	(200,000)	-	(200,000)
	Changeinmarketvalue	1,004,104	36,384	183,910	1,224,398
	At31December2023	12,895,504	320,992	2,068,101	15,284,597
19.	Stocks
				2023	2022
				£	£
	Goodsforresale			8,330	8,825
				8,330	8,825
20.	Debtors
				2023	2022
				£
	Tradedebtors			11,451	11,683
	Otherdebtors			2,201	1,201
	Prepaymentsandaccruedincome			4,704	4,551
				18,356	17,435

	2023	2022
	£	£
Tradecreditors	45,322	34,263
Taxationandsocialsecurity	6,443	8,710
Othercreditors	679	590
Accrualsand deferredincome	42,072	24,559
	94,516	68,122

	At1Jan	Movementfor	At31Dec
	2023	theyear	2023
	£	£	£
HospitalofStCrossFoundation	16,414,965	1,482,129	17,897,094
AlmshouseofNoblePovertyFoundation	1,627,927	269,483	1,897,410
	18,042,892	1,751,612	19,794,504

	At1Jan	Movementfor	At31Dec
	2023	theyear	2023
	£	£	£
Extraordinaryrepairfunds(a)	429,050	(158,626)	210,424
JohnHattonfund(b)	70,910	(721)	70,189
Brothers’welfarefund(c)	3,549	(1,602)	1,947
VestryFund(d)	-	3,433	3,433
	503,509	(157,516)	345,993

	At1Jan	Movementfor	At31Dec
	2023	theyear	2023
	£	£	£
Designatedfunds:
CommanderJ S BakerBequest	495,971	45,548	541,519
MissG M BauerBequest	166,870	22,959	189,829
RefurbishmentReserve	100,000	50,000	150,000
	162,841	118,507	881,348
Generalfund	1,730,110	(132,764)	1,597,346
	2,492,951	(14,257)	2,478,694

	Permanent	Permanent	Restricted	Unrestricted	Total	Total
	funds		funds	funds	funds	funds
	2023		2023	2023	2023	2022
		£	£	£	£	£
Tangiblefixedassets		-	-	355,152	355,152	391,233
Fixedassetinvestment
properties	6,899,000		-	-	6,899,000	6,186,000
Fixedassetinvestments	12,895,504		320,992	2,068,101	15,284,597	14,258,576
Currentassets		-	25,001	149,957	174,958	211,665
Creditorsduewithinoneyear		-	-	(94,516)	(94,516)	(68,122)
	19,794,504		345,993	2,478,694	22,619,191	21,039,352
Analysisofnetassetsbetweenfunds		(prioryearcomparative)
	Permanent		Restricted	Unrestricted	Total	Total
	funds		funds	funds	funds	funds
	2022		2022	2022	2022	2021
	£		£	£	£	£
Tangiblefixedassets		-	-	391,233	391,233	427,314
Fixedassetinvestment
properties	6,186,000		-	-	6,186,000	6,116,000
Fixedassetinvestments	11,856,892		482,985	1,918,699	14,258,576	16,180,606
Currentassets		-	20,524	251,141	2/1,665	286,466
Creditorsduewithinoneyear		-	-	(68,122)	(68,122)	(127,128)
	18,042,892		503,509	2,492,951	21,039,352	22,883,258

		At1 Jan2023 £	Cashflow £	At31Dec2023	£
Cash Cash	atbankandinhand heldwithinvestmentmanager	215,191 30,214	(101,220) 4,087	113,971 34,301
Net	Cash	245,405	(97,133)	148,272

		2023	2022
		£	£
Basicfinancial	assets	15,454,849	14,525,690
Basicfinancial	liabilities	(88,073)	(59,412)

	2023	2022
	£	£
Totaldividendandinterestincomeforbasicfinancialassets	438,078	437,431
Totalgains/(losses)inrespectofbasicfinancialassets	1,224,398	(1,923,655)
FinancialCommitments
Non-cancellableoperatingleaserentalsreceivable
	2023	2022
	£	£
Lessthanoneyear	64,901	62,380
Afteroneyearandlessthanfiveyears	34,900	38,480
Afterfiveyears	39,840	5,585
	139,641	106,445

		Permanent	Restricted		Unrestricted	Total	Total
		funds	funds		funds	funds	funds
		2022	2022		2022	2022	2021
	Note	£	£		£	£	£
Incomefrom:
Donations,grantsand
legacies	2	-	1,361		51,126	52,487	92,197
Fundraisingactivities	3	-	2,882		567,142	570,024	560,995
Investmentincome	4	-	2,882		567,142	570,024	560,995
Charitableactivities	5	-		-	219,077	219,077	251,408
Totalincome		-	4,243		925,634	929,877	929434
Expenditureon:
Raisingfunds:
Costsofgenerating
voluntaryincome	6	-		-	15,371	15,371	8,889
Investment
managementcosts	7	-		-	129,020	129,020	50,352
Charitableactivities	3	-	10,887		764,850	175,737	697,737
Totalexpenditure		-	10,887		909,241	920,128	756,978
Netincoming		-	(6,644)		16,393	9,749	172,456
(outgoing)resources
beforeinvestment
gains
Netgains(losses)on	14	(1,546,793)	(49,614)		(257,248)	(1,853,655)	2,155,214
investments
Netincomebefore		(1,546,793)	(56,258)		(240,855)	(1,843,906)	2,327,670
transfers
Transfersbetween	15	-	1,625		(1,625)	-	-
funds
Netmovementin		(1,546,793)	(54,633)		(242,480)	(1,843,906)	2,327,670
funds
Reconciliationof
funds:
Totalfundsat 1January		19,589,685	558,142		2,135,431	22,883,258	20,555,588
2022
Totalfundsat31		18,042,892	503,509		2,492,951	21,039,352	22,883,258
December2022