Charity numbor 213213 The Hospltal of Slr John Hawklns. Knight. In Chatham Unaudlted Trustee8' roport and flnanclal statéments for the year ended 28 Fèbruary 2025 Tho Hogpltal of Slr John Hawklns. KnlghL In Chatham Contants R•f•T•nc• and •dmlnlstr*tlvo d•talls of th• Charlty. Its Truit••s and ad¥lMrs Trust••s' r•port Indw•ndenl ?xamlnrfs r•port 3-12 13 Ststoment of flnanclal actl¥ltles 14 Balanc• *h••t 15 Not•* to th• flnanclal 8tatsmènts 16-25 Th• Hospltal of Slr John Hawklns, Knlgh( kn Ch•th•m R•hr•ncè and •dmlnlstrativa details of Ihe Chartty, Its Tr￿￿0* and Ad¥l•ors for the year ond•d 28 February 2025 Trust••8 Mal N WorKI. Vice Chaimwn (resigr￿d 12 June 2025)3 BrvJ P H Gilbert. Chair of Welfare and A(knK￿lonS Committae3 Lt Cdr S Small RNR. Chaimian3 Cdre B BrrdnL Representative of the LLYd Hl9h Admwal oftt)8 United Kingdom1 Capt S M Gobbr MA LLB. Aptointed by CorFK•ratKtrn of Trlnity House2 Dr M L Mrygan. Appointed by Lord Bth)p of Rod)gster2 Mr C H Reyrnld8, Ch8ir ol Premises Committee. ApOnt&J by Royal N8v*I Benevoknl TrL Mrs P Lo%*lon. Choir of FIna￿• and Gen8ral Purpo8as Commttte83 Ll Col A. Pick {reS￿ne￿ 6 March 2024)2 Mr J P O'Kan8 lappoinled 1 FebnJ8ry 2024 Mr J Gamp, Vtce Chaim)an and Memb6r of FinarKo and General Pufpo8e8 Commlrt8es3 Mr D JarrotL Membèr of Finance and General Puw8 and Premlses Commlttees (apwnlgd 14 June 202413 EX4)Ir￿10 Govemors Nominalod Govèrnors Charlty r•gl•t•r•d numb•r 213213 Prln¢lpal offlG• Hlgh Street Chalham Konl ME4 4EW O•puty Gov•rnor M8 K Mil￿r W•hlt• •ddr•s• vwA¥.h8wkir*h05p6tal.org Accountsnt• Kreston Reeves LLP Marttime Pl￿e Quayside Chatham Marltlm8 Chatham Kent ME4 4QZ Page 1 Th• Hospltal Of Sli John HavAKIM. Knlgrt In Chatham Ref•renc8 and •dmini¥trative detalls of tho Ch•rfty. Its TNst••s and Advis•r¥ {vJntinugdl for th• yoar •ndod 28 F•brt￿ry 2025 Bank•rs NalWe8t Bank PLC PO Box 166 40 Hlgh Stre Rochester ME1 1LJ 8oliGitors DGB SoliGiloTS LLP The Captsin's House Central Avenuo Pembroka Chatham Maritlmg Kant ME4 4UF Inv••lm•nt M•nag•rn Charles Stsnl&y & Co. Limiled $5 BlstKJpsg8te Lond¢Jn EC2N 3AS CCLA Senator Hous 85 Queen Stroel Londc EC4V 4ET l•p•nd•nt Examln•r• Samantha Rouse FCCA DChA Kreston Reeves LLP Maritime Plaee, QUa￿lde Chatham Maritime, Chatham KenL ME4 4QZ Page 2 Th• Hospltal of Slr John HaV￿￿nI. Knlgh( In Chath*m TnMt•os' report for the y•ar •nd•d 28 Febru•ry 2025 The Trustees present th*r ann￿1 report knJelher *ith tho flnandal ststements of the Chartty for the year from 1 March 2024 10 28 February 2025. ObJec*ivM and •ctivlths a. Poll¢1￿ •nd obJectlv•8 Thè purpo88 of ts Charity is to pro￿de almshouse accOmm(xl8t￿ for tha rebef of no8dy and dis8bl6d morlners and shlpwrights in swvica of the realm. Tho 1983 Sth8me, 8$ amended, extends the class of beneflciarios 10 n8edy or disabled p6rsons who have s8Thed either in Ihe Royal Navy, the Royal Marines, th6 Women's Roy81 Naval Seryice, the Queen Aèxandra's Royal Naval Nursw¢g Service. Army. the Royal ￿r Force or who hav8 served and have been mobllised for active seNce in any of thg Reserve Foices or bJdie5 or who have been employed in any of Har Majestys Dockyards or Naval Bases dI￿dY on tha conslnjction. maintenance. re fitting or repair of Her Majes￿5 ship5 and vesseb or have 88rved in th8 Royal Fleet Auyiliary (x British Merchant Navy. There have been no chang88 to the ctlieth yoar. In sètbrwJ Object￿8$ and plannlng the Tntyt68s h8Vg glven duo Gonslderatlon lo ggneral guhYanc• published by thè Chgrmy Comml$6lon rnlallw to wblc kngfft, Induding thg guldance Publi¢ bgnofft.. runnlng a ¢horlty IPB21'. hl•vem•nts and ptrrforrnanca . R•vi•w of •ctlvltl•• Despite the COVID •l•rt $181u8 having b8en dtrwngradad by HMG lo gndemlc ￿h1n the general population mogt ol OUT beneflclariès are vlthln thè "at risk" ¢8t6gory and continu8 to be encouragg(11o lake up COVID b0081èr va￿1n8t10nB ￿sOnal fv, and 8hln916S 88 and offered by thelr 9gneral pradtbners. Adwce on general health mattws and Pr￿aulIonS is a rogular hem within the hospttal$ newsleller whith b sent out lo residents four tlmos per year, It is aL80 a lopiG of convarsation in Ihe quarterty duty govemor m#8tlrKJ benaficiaries. Co•t of LlvlnglEn•rgy Co•ts: Tho Govemors have cc¥rtinued Ihe v•ry generous charitable dis(yJJnl of the valuatlons provided by thg govemment's valuation office Idlscussed glsewherel and most bèn8fioarie8 hav* their WMC found by local authorty benefit paym8nl$. Energy pri￿8 have rthi Stsblllsed. arKI the Govemors have not been approached for any addillonal support. Most pensI￿￿r beneficyaries arg receNfng a range of bengfrts that 8ddr85s thelr needs. Dgclslon8 takw¢ kn prevh)us )ears lo upwade boft insulation conlinue Io Provldg 1881ing benefils. Beneficbarie$ havo remained cornfortab* througtr￿Xft what Fwved to be a r8lalivety o)hJ vAnlgr p)er]I￿. GovemoTS hove continuod to erKourage bgneficlarie8 to ￿￿age wilh lh• appropriatè aulhorities to gnsure thal they are receiving appropriate levels of bonefil for thoir clrcum1an￿s. Offers of support hava b88n m8de to Ihose who fir•J ￿ dtfficult to navigat8 the online clairrts syslem Our tseneficiarios managed w911 1hr0￿hc￿rt lh¢ reknely cord winter ¥Mth Indmdual mmbi bollors provldlng @ffe￿1Ve cenlral heating to each fial. Page 3 Thg H05pltal of SIT John H¥•Mns. Knlgh( In Clmtham Trustees. report (contlnued) for year •nd•d 28 Fobnwry 2015 Achhv•m•nt• and p•rforMan￿ (￿ntInu•d) M•lnt•n•nu: G•n•ral- Buildings remain In A gth)d state of genoral repair other than routine repair¥ arKI m81ntenan￿ throughout the year. Flat 5 was fully redecorated followng an earlier water18ak frc¥n a ￿pe located in tholoft. Thi8 was achieved whllst the fbl stc*)d empty and while the Govemors adverbs8d for a wupla wlth a naval background. F18t 7 was redacorated IdI￿￿ng a dealh at Ihe end of the last roporting period. The qulkw]uennkql sur¥w of propety was ¢8rried out in Deeember 2023. In yneral temi8 the buildlngs rèmain in 80und conditk)n and most recommendations ar8 upgrading 05 opposèd to 88S8nllal remgdial actfons. The rè¢omm8nded fire safety audrt and rtsk assessmonl has bggn completed and the Gov8mors let a ￿ntract for the dfjs￿n and installation of a more eff8Ctlve fir8 detect￿n and wamln9 SySt6m. Th18 compblod th8 Immedlate a¢*k>n Item from the risk assèssmènt wocess. Olher important bul1è88 urg8nl matters will be dealt with in the year ahead with detailed InsFeth'on and ts¢hnlcal 5peufi￿tions b8ing provided by specialists. This VAII fonn phase of Project 450. phasè ¢)n8 the Installation of a new fire #lami SYdt6m at 8 cost of in excess of £30K having ahady been 8thiev8d at tho end of the reportirvJ year. Imprgv•m•n¢•- Followng r8ceipt of th8 qulnqu8nnial sur¥ey re￿rt thè Gov8mor8 have asses$8d the adlons recommended and establishtd ￿tIlne c08ts. Tho 15)vemrs are commltt8d to addres$lng thé recommendallons at every level and are clear from earfy costlngs that the over811 cost w511 b9 somether In the r6g6on of £400K lo £500K. Thls Is r¥)t a sum that the Govomor6 have Taadily at hand. and it is cbar lo them that significant fund raislng wlll be requlred. Thg Governors ore now preparirrfJ a plan wh￿h ha8 been dubbed Project 450 and will seok lo raise the nec&ssary capllal Ihrough donations and grants. To yupport that Process. os w88 the Case In 1983, the Govemors wll $0gk to COwOPt Iwo addlllon81 Governors lalh)w8d wthln tha t8rms of our Statutory Instrument) for the Illelime of the project with thè èxpress purp08e of loadin9 thfj fvn&raislng app681. To that end, an approach has already been mad8 lo the Rt Hon. Kelly Tolhursl. forn￿1 MP for Ihe area and 6hè has gen8rousty agre8d. A Second person is b6lng advety sought AS menloned above a contract waslot al th8 end of the roporttng pertod for tho do8lgn and Insta118tion of omprehgnsivg fire alarm System lo reP￿Ce the existing. This 1$ a wbstan￿al upgrade to meel d)ang8$ to18gislation and gocKI practtce. The works have been completed at a ¢o$l of in excess of £30K which ha8 been mel from the lunds ol the Charty as their C¥)mmstrnent to Pmjocl 450. The alarrn 8yStem Includes an automatic dial oul lo link with the emergency services. Enab￿n9 oloctrkal WC￿ havo been cornpkled in •*4*nca of the instal￿tIOn of the fire alarm systsm. The el&ctrical suppty main armoured cab￿ from the rising suppty board lo the sub b08rd to th8 board room has beon replaced followlng an age generdled faulL work wa$ es$entlal to malntaln elecldcal stte safety and conunulty of suppty. Rwtine repkgcement ofwtrMi8 has conkn.n￿l as necessary Ihrcwhout lh9 reporting period and there has been a programme of routine planned preventative Maintenan￿ im￿0￿n￿￿ throughout the year. Demand led rnsponslve maintenance has bw) Ganiad in a timety and 6ff6cllv8 manner. Annual landbrd gas 8afe checks have been C￿ In ￿ar. PAT le$VrvJ has been coThJudfjd olmts the Wt¥)le 8110. Roulne fir8 aLqrm testiryj has been carri8d (xrt Ihroughout the sear and wthere defective detector heads have been identffied these have been Nnmediately rep￿ced. The nth¥ fire alam) system is sUpp￿ted by 8 $ix-monthly inspection mainlenorKt contracl in the same way as thè system. Page 4 Th• Haspltsl of SIT John Hawklns. Knlgh( In Chatham Truste68' report {¢ontlnuedl for the year endod 28 February 2025 Ach1•v•m￿ts and p•rforn)*K• {conllnu•d) External dwr pafftliThJ has conlin￿l to be a problem wlth sun relalgd degr8datlon and poor odhes￿n of modern prodLKts on hbstoric structures. Wa b8li8vè that we have found 8 reasonabl8 solution for m08t of the door slluclures and an owng pn)gramme of palntirvJ has been commenwl in thls reportlng year and VAII foil¢JW into the noxl. Arrangements are in hand for five testing of the dskng elgctrical supply and Infrastructure ¥thlch becomes tjue just after the end of thi5 reportir¥J period. R•l•ing Awar•n•s•- General.. The consdKl8led programm8 to rais& th8 profile of the ho¥pllal has cn$ are seen a& benefi¢kql lo the chaiity. C￿￿etIv• A￿10Th: Th9 hospttal continues to support ben* from tts membe￿h￿ of the Cant8rtiury based East Kgnt Confportium of Almshousos. Thls has proved a very useful forum and small almshouses. such as th& hospital, galn sfvJnrficant export advirAJ from the pmf8sslonal managers WI￿ njn larger charilable enUties. More Ioc81ty. there are fwr sets of almshouses in the Medway c8tchment. The hospilal has been pivotal In seth'ng up infomial meetings and this has contlnued on a quartety basis to Sha￿ ideas, experiences and solutic￿S lo coMff￿n woblems. The Hospital Is 8 i))rp￿at0 mgmber of the Rochoster Soc4ety and tho Chatham Intra con$￿tt￿M. Page S Th* Hospit•l of Sir John Hawklns. Knigh( In Ch•th•m Trusteos. r•port {¢ontlnued) lor the year ended 28 February 2025 Achievements and ￿￿orMance IMntinued Impxt ststom•nt: The Hospllal of Slr John Hawklns, Knlghl In Chatham. conlnu8s Its founderfs charltabk8 Ot4eL#Ne by provKling comfortable and secure housing for service veterans In n88d. chartty has devoted Ils funds to ensurlng Ihal the buildings are maintained lo a high $tarKlard. Ihal 011 rebvant safety Standards are athieved through 8 cycle of tests and inspections and that a quiet a restfvl garden is providod to Ihe beneficiaries as a place of enjoyTrenl and retreat. Tho vital theme is to p8rmii ￿nefici￿rI•S to maintain th&ir indepand•nc8 whilst ath'ry as a safety nel 8hould the need arise. As wèll as focusslng effort U[*￿ th8 tknre obJ&tivas throughout thè rèp0[￿ng yoar, thè charty h88 continued lo support local inltlaUv&s for tho impmvement of kjcal amenth'es. raise the ambler￿8 of th6 ar&a and to support naUon81 aFvoals such as the Natsonal Garden Scheme by opening its vgry picturesque garden for fundraisbng. Tha hospNd 18 a Gr8d8 2 16st8d Goor*n bulidlryj that Is a *nlllcanl element of Chatham'$ herltago. Thg govemors have meticulou51y maintsined Its hlslorSc characier wthltsl an$￿Ing ihal Intemally benofl¢l0rles enloy mfortable and modern amenitle5. The aim of the charity 15 to mainlain the hospitsl at full capactty. all elght Ilats occupléd. The loss of our then eldest resident. al the end of the1881 reportirfj peri(￿￿. 8lk)wod tho Govemcws lo reshuffl8 0￿up8n¢Y In ordèr lo leave a ts￿bedrOOm flat vacant whlst 11 was ￿mpletelY red8ccrfa1￿. This was Ilmety and ngc8ssary, there havlng been a water leak In the loft 8paco wtiich had slgnfficantly damaged on8 of the bedroom cglllngs. A campalgn of advertislng via a largè list of sèr¥￿ charity oU￿et8 allowed us to find a suttablo needy &x naval rnaTrf￿ coupb lo fill Ihot vaconGy. The Hospital 1$ 01 the lime of repo￿.ng 91 full 0￿￿panCY. b. Inv••trMnt poll¢y •fKI p•rl0rn￿n¢• Tho principal obigctivg 1$ to In￿¥t fund¥ lo m8ximise income wit1￿1 pl￿A.￿g 81 uThJue risk c8pltal vahje of the Inveslmenl such th8t the income yTrJuced is 81 knasl SUff￿en¢ lo as￿￿1 in meeting the expenditure of the Charlty. To assSst In the 0￿.eCtIV9, the GOvernC￿8 8ppolnt a*JvlsoTS UF4)n such temis as arg dgBrned Bppropriale lo mako rocommendations as to sale andlor purcha60 of invastmonl holding$. Thg Govamors cAJnsklor that given th8 very dlfficult eCorX)m￿ dlmat8, the perf0m￿nCe of the Investm￿ managers was $aUsfaclory. Flnanclal r•vl•w . G¢lng COn￿rTh After making appropriBle eTr4uiries. the Trustees have a reasonable expectstion that the Ch8rily h88 8dequ818 resour¢6s to conllnuè In op6raUon81 èxl$lenc6 for thè for6ge8at4è futurè. Foi Ihls reason, they contlnuo lo adopt the going concem basis in preparing Ihe financ4al ststèmenis. FuJth8r d8tsI8 ragarding the adoplon of the gclng concom basls ￿ bg found in tho a￿untIng polrcigs. b. RM•rv•• pollcy 11 } Ggneral Tho Govomors ￿￿$vJor Ih8t Ihg bvol of froe rns•rv8s, excludirvJ En¢knvment Fund. Is appropriate having regard to future rouline m8intenance 8nd refvrbi$hment costs. Wrth this in min¢J Ihe combined levels of the Cyclic81 Maintenance and Extraordinary Repair funds strK)uld be kept at an overdl baLqnce ￿ excess of one y8arfs runnirKJ c08ts. (2) End¢)wTrent Fund Thi5 mmwisgs thg pe￿anent endov•Thènt of the Charity arKI amounted to £423A49 (2024: £426.4091 at 29 Feb￿￿ry 2025. (31 C￿lical m81ntenw￿ Fund EstaiHished voluntarity uTrJer ￿ Charity Commisstoner's Schaff* to providts for the ordlnary maintenance oThJ f8pair of the almslK)uses. The ba￿c? al 29 February 2025 was £43.00612024: £43,006). Page 6 Th• H￿PItal of Slr John HaT*kln8. Knlgh( In Clwtham Trustees. report (eontlnued) for the yèar ended 28 Fets￿￿ry 2025 141 Extraordlnary Repair Fund Eslat4ished compulsoriiy under the Chaiity Commi8sion8rf$ Scheme lo provide for the 8xtraordinary repair, ImrThe￿nI. exten8k)n or rebuildiw of the almshouses. The balan￿ al 29 Fabruory 2025 wo$ £24,534 {2024: £24,534). 15) In¢*mo Fund Thls wnpds8s the unrwtricted Income of Ihe Charity. Th18 furKI ggneratos Incom& that Is requlrèd to support da*to4ay eXp￿dItUre d￿ng the ywr. Free re88r￿ at 29 February 2025 were £497.955 {2024.' £483.2641. (6} Propty Fu￿1 Thls 18 an unrestiicted aThl comwise5 the ¥a￿e of the prop&ty ovm8d by Ihe Ch8rf1y. The b8lance al 29 February 2025 was £41.03812024.. £41,038). 171 Kitchen and Bathrooom Work8 Fund Thbs compil8es the re8trlcted Income and exw)dltwe of thè Charity, which is lo b• Spènt on kitchen ofbd bathroom wcrfks. Th8 balanc* at 29 Fébruary 2025 was £5.916 (2024.. £Nill. ¢. Voluntary Income Donations are onty sought to help matr1 the cost ol mahy prc4è¢ts. the ho8￿1 h8vlrvJ SU￿￿ent funds to meet rts routine running costs. A8 in wevIC*￿ yoars. the Methway Mlssion to Mariners Trust ar￿ tho Chatham Naval Officers A88ocl8tion have both contributed ￿gnIf￿nI donations for the general purposes of the hogpIt81 which helped recover costs of rgpairs, in sUp￿rt of Project 4SO and to enhwK6 tho Chri8tma8 eyrlenc& lor benefict8ri08. d. W••kly Malnt•nanc• Conlrlbutlons IWMCI R•vl•w Tho proce8s of revigylng WIAC ha$ been reported but by way of r8mlThlor. the gov8rnor8 sèèk fair rent a5sessmonts frcm the Valuatlon Agency every ￿ years and then by a process of means t6sllng sel a rat8 for each benefriary in order lo eslablish tho level of subsidy they should recefve ffom the Cha￿ty. Th8 govgrnor8 68Wi8hod sovernl ￿8(8 Ago that the charlty support for WMC w•$ excessfvely ￿nerOuS whgn compwed wth the almshou88 60Ctor In gener81. Thè pre￿OuS rewew cycl8 saw a rfjducilon lo 60% ¢harilable subsidy Wr¥J attracted by almost all beneficlarios. Whilst und8rtaklng the le￿eW CYC￿ whhln thls reportlng perf¢xl, govemors look Inlo consideration Ihe rislng &)st of livlng and general Inflatlon as well a8 almost all the benefKiaries r8ceMng h￿SIn9 boneffts. We are conscws that our Statutory Inslrumenl mandates Ihal we, as a eharfty. shrxjld rKJI be subsldisiNJ the common duty of the loc81 authority. From anatygs of our annual perlormance arKI accounting for ri51ng cost of1Sviry rt wa5 qliile dear to the Govem(¥s that conlinued excessive gerwosity could not be su$tained particularly glvon our commilment to relurbishw*nt over the next three to five years. C￿sequen￿y. ih1518d lo the Governor¥ making 8 carefvlly consldered decision to reduce the M￿muM subsidy frorn 60% to 50%. Given that almosl all th6 p8nsioner benefKiarigs full IKJusirs beneflt the impact of the change will not bg on them akjne. Indeed, thè calculat8d WMC por flal is nol close lo thè maxlrnum IN)uslng benefit granted by l¢Jcal authorfty. Monitofing thrrwhout tho comlng ffiscal will O￿tInUe and tha Govgmors wlll be walchlng closety for any indiv￿ual detriment from this change. 11 Is not eycted Ihat il VAII Impact upon any beneficiary by dinl of the govemors sound fiscal decision maknrKd. The goverrors havg encouraged t*nefJdarles to review with Ihe Benefrts Agency ￿8t benefits they may be entrtled to and have offered help the claims proce8s If requir6d. Assistance has beén g￿en in several ￿Se8 to align hou￿r￿j b8nefft Pa￿entS by the thal auihority. Page 7 The Hospttal of Slr John Hawklns. Kn19￿ In Chatham TNstees' report {continued} for the y•ar ended 28 February 2025 Structur•* gov•manc• and man•g•m•nt •. Constilutlon The Charfty was founded by Roy81 Charter of 27 August 1594, uwi the petlLk)n of Queen Elkabelh I's Trea$urèr of tho N8￿y, Slr John Hawklns. 11 w8s fiJr1her rewLqled by Ststut88 and Ordinances of 25 May 1598 and a Scheme of the Charity Commissioners dated 4 February 1876. These regulations have rthv been repkced by a Scheme of th8 Charity commis￿OnerS dated 18 December 1983, 85 amended on 1 November 1999. b. Organlsatlonal •truthr• and dKlslonwm•klng pollcie• Compo•lllon ot tho gov•rnlng l)ody Fdlowng the sad death of Her Majesty aueen Ellzabeth 11 the titb of L(*d High Admiral passod by rbght to HIS Malesty Klng Charles 111. HIS Majo8ty has confim)ed to tho Govemorn that he wlll retain the title role of Gov6mor by Rlghl of the Hospttal. It vms also report8d that the seo)nd ex4)Ir￿￿ Govern￿. AdmKal of the Fknl and Vice Admtsl of th• UnSl•d lfj'ngdom. Lord Boyco had also sadly passod away and that an appoinlrngnl of a new Lord Warden of the Cinqu8 Ports wa$ 8wail8d at His Mai8StV8 p￿8$U￿. I have pl88sur8 In r8portlng that Admlral Slr George Zambellas, fom)er First Seo Lord. has wilhin the ￿porting peric4J been 8pp¢ynled as Lord Wordgn and Ih8reforè G0￿MOr by ￿ght of the Hospttal. Tho RSME nominated govemor ap￿Intmant o)ntinu66 in the Pe￿on of Ll Col O'Kane. The prevlous 8lshop of Rochesterfs nominee stood down folbwing taking Holy Ordern. The Bishop 18 yet lo make a new appointment. Malor Nell Wood was roporlod 8$ h8vlng $t(w>J down from thg I￿rI1 after slarfirvJ 6er4lc6 ov8r an •lw8n-y6ar perlod. much of thal as chalrman but more recenlty as vKe chair. He has begn roplowl by Mr John Gamp a rellred MOD sen￿1 cfvll servant who wa• untll recenty in control of Ihe extensi￿ charity is GreenwKh Hospltsl. Thg board r8m•ln8 Stab￿ WKI a highty gffgtho Wy. **ll obl& to dellvor ts hlgh 8tondard8 of declslon ma￿ng and gov6mane• r8qulr•d. 8Mrd M••llng• The four board meotlng8 PW 8nnum h88 C￿lI￿Jed unlnterruptod megllngs hgve l)een well gttgnded. Our new lechnolcqy has pemitled attendan¢e vwlU81￿ whwe othern￿8 rt woukl not have beon possiblè. Th8 goveming b)dy VI￿ it an imp￿1#nt duty to see arKI be Seen and have been ¢onstyonlious in Iheir efforts to attend in p8rson. Sub Gommltt••s The finance and general pury>osBs committee meets four tlmBs pgr annum. ahead of each of the full bowd M￿ting$. This committfje provides ￿rIen¢ financial infomiation, formulates bL￿gets and make5 reo)mm•ndatK)ns regarding In￿Me and experditurn. The weffare and admis8ion8 committee meets on an as requlred ba￿s. nc￿￿lY blannualty and monhors th8 w811-king of the residants and screons rotsntial new boneficiaries. The interface with benefldartes Is supplemented by a duty govomor vi￿t to spoa with r8sNJents on the aftemoon ofthe first FrK18y of ead) month. Pa9e 8 Th• Hospltal of Slr John Hawklns. Knlgh( In Chatham Trustse8' report (contlnu•dl for th• year ended 28 F•bruary 2025 Structur•i gowrnance and managem•nt {¢ontlnu•d) The premlses committee usually meets just once in a non￿u1nquennl0l insp9cl￿n year to monllor th8 progress of planned mairrtenance and works. In quinquennial years that inu8as8S to in ￿der to plan the r8spon$e lo the Inspection outcomes and prèpare a briefing and recxjmmendations for the full board of govemors mggting. That saKI. members of the ccrfnmi¢loe liaise on a r8gular basis to ensure effedve £￿traI monltoring. A new CO4OPted fun¢>raising subcommiltee will be fom)ed In the ￿•r from IM) cwted Govemor8 and report both to the f￿anCe oimmittee and the main board. The Choirnian would like to ro￿￿1 al this wnt his gratitude and appreciat￿￿n lo 811 members of the wv8ming body for their tlme and effort and ihe dTligerKe they dèmonstrale to their dutiey and the hospllal In general. The80 oro I￿$Y peo￿8. some lik8 the Lt Col Integral to keaplng thks natlon saf8. It ig heartening lo thair suth effectlvè and deciwve meetings. Th8 govémors look the opportunity to $8nd loyal gre6tiThJs and best wishes for a speedy rocovery to His Mah&sty the King at Christmas Informiro of our Christm8J lunrtwn for pensKmer beneficiaries and supporters of tho Hospital. May h8 reign over us and ￿n￿nu* his personal Interest 83 Lor(l High N￿MIral and ex-olficio govemor. God Save the King. The Deputy Govemor role ccrf)linues to be very effecllvèly fillthj through 8 bu8in888 supwl contractor and tNg h8¥ beddad In well over th8 pasl tM•efvg monlhs. The ho8pknf8 car•tak8r and gordener plus his partnw provkle Invaluable 8tsfvlce lo the charlly. strtklng dellcale b818ncè bts￿en b￿n9 8¢ce$sibi8 whllst giving r8sldenl$ privaw and aulonomy. They conllnu8 lo be excellent ambassadors for the and as residents have en9ag8d vAthln the local community netsyorks to raise the proflle of the charfty and lo ensure its F4ace a8 a s￿n￿￿nI asset, one that has delivered Its primary weffare oblectfves on ItK• samo slte for ovor 430 years. c. Rlik manag•m•nt The Govemors contlnu6 to b8 ever mindfvl of the mafvr rlsks to vthlch the charity is exposgd. rggularty conslder them and have developed standlng polkles. regularty revlewed to 8n$ure they r8maln r818vant, lo man89e and mllkjate thèir 6ffeGts. These cOn￿dOrall0ft$ and procodures ar• IxAIt Into tho Govemors. operallonèl and slrateglc plon¥. Thè prlnrypal rlsks facing the charlty aro assessed lo be: Gov•rn•nc•- adherence lo th8 lorms of fhe scheme Op•r•tlon•- principally Telaling to maintenanra and slatutory r6yuwoments Awareneii - raising the profile of the charity in ordw lo effecltvely reach potenll81 bèngflci8rf08 Flnanct- managing a lumpy cash flow Compllanco worklng wthin stalulory requirements and managlng to addre88 emerylng chang0$ and new legSslalion. ObseThirKJ Heath and Safety an¢J Data Prtite￿n legisl8tk)n. Local D•v•lopm•nt - impact of any proposod reg8nero11ffi schome8 that (x)uld bnpact upw* tho Hospltal and the qualty of life of benefficiarios. Rlsk8 and hazards Ihal occur or are hlenlified bewnd those foreseen ar8 adthgssed In￿allY by relevant Govemors who have locus alongsidti the Dewty Govemof and Caretsker. Key to this effective sy3tem of working is sound communic8tM?n. Longer terni SolutiC￿ 8rnJ Kdicy ch4nge$ ￿ discussed and Imp￿Mented as nOc￿sary through the Suk￿COMrnlttees and ulumalety ihe full 8oard for c4)nsKleratksn and approval. A comprehensfve Rlsk Register is rgvlowed rngulaty aThJ upJat8d. A comwehensrve disaster [￿0Very plan has been brmulaled fdh)vAno a desk Icp planning exerc588 Both Health and Safety and Safeguarding arn stand2nl agermja at each meetlng of the full t*)ard of Govemor$. Page 9 The Hospftal of Slr John Ha**lns, Knlghl In Chatham TN$te¢s' r•port l¢ontlnued) for tho yoar 28 F•bn￿ry 2025 Futur• D•v•lopm•nts The quinquennial suryey w86 ro￿Ved at the ermj of ts ￿st roporting pgriol arKI ha6 been acted upon durfng Ihls reportlng pgrl¢xl. Whllst the fabric of the 1x)s￿'tal remains in good ordér the Gov6mors have assassed Ihe recomm8ndaUon8 8nd qulrements eontalned in Ihe quiN4uennial survey ￿pOrt. lrnmediate acllon was tsken to address signfficant fire prevention is3u69 follovlng change8 In legislation 8nd gocwJ pradice. As repK)rted abov& the now comprehensive fire alarm system was Instsll8d al the very end ol the rewrtbng pgr*)d and is now fijlly oporational. Th8 G¢)vemors hav9 addressed olher concems aThJ recomm&nda¢ions. 8ncompassiThJ them within Pfojecl 450 which 11 dèlivar o￿T a period of three to five year5 at # cost of befv*en £400K ond £500K. Phase one hag been completed within our ¢Y4wn fiscal ability. Phase two vthich mops up addit¥)n81 fire precautions and r818ted matters 18 éstimated to cost around £70K and we will look to C4)mpknt8 vAthln thè nèxt reportlng pericxl. Phase Ihm Is th relurblshment of kllchans. bathroom, 8S8ocialed ¢nfra$tructure aThJ r841￿ratIon. Tlmlng will bg vory much dependent upon lund ralslng. R•vl•w of Inv••lment M•Th•gor• The Ir8nshion betrrnen Inve$lmenl Pwsas has moved apace durlng the rewling porbd and was succ8ssfulty completed by th8 end of this rep￿l'n9 pericrtJ. Th¢ Hosprtal now has hs funds managed by R8lhtsones. We are already séèing tho bemfits of the charye wilh far botter infom1at￿Tr proc6sses in place and good perfomionce of th8 Portfolio despitè markal volatllity. An Smmediate benefft was onty paying onè sel of management foes. The Govemors are o)nfidenl that thè ¢hangè w86 th6 flght deAskn aThl that earty resum8 domonstrata that our Investments are In safe and eff9a￿8 hand5. R•vl•w ol Bank•r¥ Whilst the governors very much wlshed to embrace eleclronlc banktng il was found that our exl8tlng b8nker8 were unable lo provide with their plalfomi Ihe ￿87 of govemance security and authori5alion Ihal we required. The boar(I has revIe￿d thg b8nknrvJ Iwticffts arKI has unanlmously agreed thal thè tharlllèy account8 wlll b moved to the Charlty APJ Found8tbon Bank ICAF Bank) once we have c4)mp￿t￿ thg transitlon of Invaslmenl managers. The migration of banking to CAF is kn keeping with recommerKlations made by the Ajmshouse As8oclation ond we fimily beleve Fyovides the levels of inlemal aulhorlty and govemanco r￿CeSSary for sound fin8n¢lal manag•m•nL Progress lo migratbn w88 b8lng made at Ihe of tho rewbrwJ pernd atth)ugh it had bgon thought prudent lo delay earlier in Ihe ye8r whil$t we ￿re thanging investrnent houses. tt was a wige dec4'$ion As getting 811 tha necessary certified documents proved to bo a hgavy burden uprffi resources. Indeed, I￿n9 to get a certrfied copy of a Tudor Queens slgnatur8 on our Royal Chartor provgd somewthal of a protracted head scratcher. SU￿￿*10n Pl•nnlng Th• fom)er Vice Chaimian. Maj Neil Wcxxl was replaced during thts reporung perw)d by Mr John Gamp. fomierly of GreenYAch Hosthl. Lt Col O'Kanè has one ￿ar bgft 10 8eNe vAlh the Amiy and ￿11 prompt the Brigadler In due course of the requirement lor a replacement n(MSnee. The Bryadier wo$ roGonUy a guest of the fthplt81 for 8 brlafiro and ' awaro of his r8sponsibilTty to the charfty. We await a r￿nInatIon by the 81s￿p of Rocknster. Mr3 Pamela Lowton has indicated her wish lo stand down as a Govemor but has committe(I to a fwther of servl¢e so a ￿plaCement can be fou￿1 ￿th the requi￿te financial qualffications. Page 10 Th• Hospltal of Slr John HawkiM. Knigh( In Chatham Trustg•s' report {¢ontlnu¢d) for th• y•ar ended 28 Fabruary 2025 Future Dev•lopm•nts {continu•d) At present all othér F*)¥ilions are 8tsble but we lo hjentrfy potenllal fLrture elected Gov8rnoTS nurtW8 thom. Identlfylng pot•ntlal boneficiari•s The weware and admissions committeo hos ¢omFAeted a of cypanisatims that wlthln the charitabl? and weware sectors of the ex- sep4k8 communili8S. A compr8hensfve dats b88e of ¢ontocts has been compl￿. The process of 4dve￿$1ng and 8elècting IhriM¥h the welfare and a(kniuions committee wa8 t6stod In Ihè roForlng year and worked effeclfv6ly wfith the empty doublo flat boing fin8d. Pollcy R•vl•w Tho Resklenl's Handbook was rnwewed upjaled in 2022r23. FUrt￿r amendments made ￿1n this reporung year. The handbook18 pub118hed ¢)n the Hosptt81 y￿b stt6. Govornorfs Hondtook was reviewgd durlrvj the la81 re￿rtIng perlod and repubM8hed to Govemor8. N•lghbourfng D•v•lopm•nt Devek)pmonl of the ftKmer car d8alwshlp. Immodlatety to th8 e88t of tho hospltsl has rem8lned stslbgd followlng o failed bids for plannlng permission and as a result of $19nthcanl objeclions not lea51 from Hlslorlc England. A lease has been signed dunng the remirvJ perlod p￿mittIng a food bank and wewaro charity lo use the property for a thr80-year period. Aso. wthln thL8 reporting period the council ha￿ approved a slratggy for Chatham Intra which protects this signthc8nl horflage zone Irom over devdopment and ts wrt8ntK>n to malnt8ln 8cal8 in kgeping with historic buildings. It h88 b8en 8ccepted by Ihts Govemors that th8 site noxt to lh8 Hospltal bo dovèloped somg Vmg In the future. Our objecllons and Ihoso of Historic England wer8 very much about the Inordlnats scale of what was prop05ed and th8 likely damage that vh)ukJ be cau8ed to Ihg HosW81 bullding$ durlng eX￿¥¥I10n 8nd building works. The adoption of the herltsge plan ty tho ￿UnCIl wll make a mapr difference lo wh818ventually replaces the existing car show room buiklings, any subsequent planntng application mu8t be In keeping wtth Iho surroundlng buldrys ond the 8mbben¢o of the horitsge zon•. Pag9 11 Th• Hospital of Sir John Hawkins, Knigh( in Ch Trustees. rnport {contlnugd) for the year ended 28 F•bruary 2025 Stat•ment of Trust••s' r•sponsibilili•s The Trustees aro responsible for prepariThJ the Trustses. report and the finantial stalèmtsnts In accordance opplicable law oryj Untt*J Kingdom Accounting Standards Iunitod lfjngdom Gen8ralty Accepted Accounting Pradce). The law applicable to charittes In England & Wak% requirns the Trustees to prepare fingncial statements for e8ch financlal vthich gNe 8 true and fair view of the state of 8ffairs of the Charity aThJ of ils incoming resol1￿$$ arbd applicallon of resourc8s. Includlng its ￿coMe and expenditLre. for that pedod. In preparing these financial statements. the Trustees are required to.. 881era suitsblè a¢￿UntIng polid•s al￿ 8ppty them consisten￿Y', ob8erve the methods and principlos of the Charities SORP IFRS 1021., make ludg6m6nls and accounllng esumales that are reasonable and pNdent', stalo whether applicabb UK ACC￿Jntlng Standards IFRS 102} have bèen folk)w8d, sut4ect lo any matsrial departures disclosed and 8xplained in tho financial ststements; prop8r8 the fin8ncial ststemenls on tha g￿n9 concem basls unlo88 tt L8 InaFsYcyrfale lo prgsumg that tho Chadty ￿11 condnue In buslness. The Trustees are responsible for keoiHThJ adequato acc£xJnling re￿6 that are sufficlanl lo show and explaln the Charitys tr8n$odI¢￿g and disclose wilh reasonab￿ accuracy ot any time the financial posilion of the Charity and enable them to 8nsur8 that th8 financbal siatements ￿MplY the Charities Act 2011, the Charity IAccounl8 and R8ports} Regu&tions 2008 ond thg prow$v)ns ol the Royal Chartor. Thay arè abo rèsponslblè fc¢ safeguardlng the assets of the Charlty and henco for taklng rea8onabl8 $lep8 for the prevontlon and do18ctlon of fraud and othor Irr8gularftle8. by order of the members of the Bowd of Trustees aTrJ svJn•d on th*'r behalf by. Lt Cdrs Small R14R Chaimian Dale: 3 December 2025 Mr J G•mp Trustoe Page 12 Th• Hospltal of Slr John HaTh*lns. Knlghl In Chatham Ind•p•ndent examin•rf$ r•port for the y•ar •nd•d 28 FO￿u•ry 2025 Ind•pendont •xamlnotr8 report to the Tn¥t••s of The Hospltal of Slr John Hawkln•, Knlgh( ITr chatham ('tht Charlty. I report lo the Charity Trust8es my ￿minal￿ of the accounts of the Charlty lor the ended 28 February 2025. R￿POnSibl11t1•S and b•$l8 of rnport As tha Truslees of the Charrty a￿ responsible for Ihe prtP8rntiDn of the acwunts in accordance the requirements of the Charltlbs Act 2011 {Ihe 2011 Ad). I report in r68pect of my exarnlnati￿ of the Charity$ acCO￿ts rnnieil under sectlon 145 of Iho Act and in carTring out my eXaMinat￿n I have folk)wed the Op￿1¢0b19 Dlrections given by the Charlty Cornmi55ion under section 145{5llbl of Ihe 2011 A￿. Ind•pond•Trt •xamln•rfs st•t•m•nt Your attention is drawn lo thè fact that the Ch8rity h85 prep8red the accounts in aceL)rdance with Accounting and ReportSng by Ch8ritl68: Stalemenl ol Recommended Pr8cli¢e applicable to ¢hariti8s prepartng thelr accounts In accordance with lh8 Flnandal Repwling Standard a￿l¢able in the UK and Repubfic of Ireland IFRS 1021 In preferencè lo tho AccountirwJ antl ReportirKJ by Charttlgs: Statement of Recommended Practlce Issued on 1 Ap￿1 2005 which 1$ referred lo in th8 extant reguktlons bul has bgon wlthdrawn. I hove completed my examlnation. I confirrn that no matters have com8 to my attènlknn in connoction with the examinallon pmng me cause to bel￿¥9 that wi any matedal respect.. ac￿UntIrQ r8cords wera not kept in respect of the c￿rity as raqulrod by seclon 130 of the 2011 Act; or the acwunts do not accord with those re(#)rd$: or thè aGwunts do rv)t comply wilh the applicable roquiromenls concemkng tho fom) and contènt of accounts set wt in the charit￿ (Accounts and Reports) Regulauons 2008 other than any réouiremenl that the accounts gNe 8 Irue and fairf view whth is ￿18 matter consider8d as parl of an indgpondenl gxamlnallon. I have no concems and have eom8 aeross ￿ otrer matters In cOm*ct￿n ￿1th the examSna￿0n to whlch attention sh￿Id k dravm In Ihls rewi in Lyder lo 8n8bl8 a proper understaTrJlng of th8 accounls to be reathed. Th18 report 1$ mgde xjlgly lo the Charity8 Tru8t86#. aB 8 body. in wlh Part 4 of tho Charft￿$ (Accounts and Reports) Regulalky￿ 2008. My work ha$ been urKlertaken so that I might state lo the Charitys Trus199$ those matters l am required to stote to them In an Independent examinerfs report and for olhor purpose. To the fullest extent p8nnittgd by law. l ￿ not accept or 888umè responsibllty lo anyDne other than the Charity and the Charitys Trusie88 as a bc#Jy, for my vn)rk or for this repryt. Signed: Samantha Rouse Am2.- Dated: 3 December 2025 FCCA DC Kmton Reev•8 LLP Marlume Place Quayside Chatham Marltlm Cholham Kent ME4 40Z Page 13 Th• Hospital of Sir John Hawkim. Knlgh( kn Ch•tham stst•ment of tinancial activltles for the year endod 28 FobNary 2025 EndowThnt R•strl¢t•d Unmtrl¢¢•d funds funds funds 2025 2025 2025 Total fvnds 2015 Total funds 2024 Note Incomè and •ndowment8 from: Donations and legac Charitable ac11v￿e5 Investments Total Income and •ndowm•nts 10,IJOO 15.$40 27.287 25.166 11.250 28.678 27.287 27.287 2S.161 10,OQO 57.993 67.993 67.215 Exp•ndltur• on: Ch8ritable 8Ctivi1168 2,763 40 77,815 52,555 Total gxwndMur• 2.763 4.084 77,815 84,602 52,555 N•t {•xyndltuMVlnc¢xn e befor• n•t g•lns on Investmonts Net galn8 on Investments Transfers betsveen l￿d5 N•t mov•m•nt lfi fund• 12.763) 5.918 (19.822) (16,809) 14,660 20,380 22.104 42.484 49,307 12 120.577) 20,577 119601 5.916 22.859 25,815 63,967 R•conclllatlon of lund8: Totsl lund8 Lyowht forward Net movement In funds Total fund• caTrl•d forward 426AO• 119601 1.018,251 25,815 954.284 83,967 5,916 22.859 12 423,449 5,916 614.701 1,044.066 1,018,251 The Statement of fin8nu81 araivilies includes 811 gans and k)$88s reci>3nis8d in the year. The notes on pages 16 to 25 fomi part of these finanoal slalements. Page 14 Th• Hosixtal of Slr John Hawkln$, KTrlg￿ In Chatham Balan¢• Jh•ot 48 at 28 F•bruary 2025 28 Febrnlry 2025 29 FebnMry 2024 Flx•d as#•ts Tangibh assets Inv8slrnenl$ 41.038 928.880 41.038 941,488 10 969.918 982.526 Current a•s•ts Cash al bank and in hand urr•nt Ilabllltl•• 76.523 38,102 Crod¢tors.' amounts falllTrJ due wlthln one ypar 11 12.375} (2,377) N•1 wrr•nt asuts 74,148 35.725 Total n•t •s••l• 1.IM4.066 1,018,251 Chadty fund• Endowment fund8 Unrestricted fijnds 12 12 423A49 614,701 428,409 691.842 Total fvnds 1,044.066 1,018,251 Th¢ financial statements wgre approved ¥KI ￿onsed for Issue by the Truste08 and Signed ￿ thelr behall b￿. Mrs Small Chalman Dale.. 3 December 2025 Mr J Gamp Trustee The notes on pagos 16 to 25 form part of these finandal stslements. Pago 15 Tha Hospltsl of Slr John Hawklns, Knighc in Chatham Notss to th• flnanelal $tatsm•nts for th• y*•r ended 28 February 2025 G•n•ral Inf¢wmatlon The Charity is an un6n￿r￿)raled charlty, registered in ErKJLgThJ arKI Wabes. V*ilh the charity number 213213. The Charitys registered office is shown on page 1. Chariws obigGts wi be found Sn the T￿￿1908 report on page 3. Aceountlng pollcS•8 2.1 Ba•ls of pr•paration ol lIn•n¢l￿ stst•m•nts The financlal ststemonts havo bèen rrtepared kn acCordar￿a 7thth the Charftie8 SORP IFRS 1021- Accounllng and Reports"ng by Chari1ies'. Statement of Recommended Pr8GtSoe appl1￿ble to Gharlts'es prèparing their accounts in accor(lan¢e wth Iho Financlal Reportlng Slandard applicable In the UK ond Republic ol Ireland IFRS 1021 l&fffjctivg 1 January 20191, the Finanual Reportlng Stsntlard applicable in the UK and Republic of Ireland (FRS 1021 and thè Charities Act 2011. The finandal stslements have been preparèd to gfv6 a Iruè 8fyJ fairf vièw and havé départ6d from the Chadlos (Accounts and Reports) Regulations 2(M]8 onty to ts extent required lo provide o XfU8 and farrf mv. This departure has involved fdlowing the Charities SORP IFRS 1021 pUblis￿d on 16 July 2014 roth8r than thg Accounting and Roporting by Charltios.. Stalemenl of Recommendod Pracuce gff8ctlvg from 1 Awll 2005 wthich has since been withdrawn. The Hospital of Slr John HawWn8. KnlghL In Chatham meèts ddnltlon of 8 wbllc ban￿1 aft￿ty under FRS 102. Assets aThJ 1Sabllrtitis are In￿allY recogn￿ al h5$lorical cost or tranS8Ct￿ valug unl088 Otherwise stal8d in Ihe rn18vanl accounting policy. The financial stotemenls ore prgsented In UK slerllng. whlch Is the Chadtys fvnctsonal currency, and roundod to the ne8re81 p)und. 2.2 Golng con¢•rn The Trustees as8es8 whether the use of g(Hng concem 1$ 8ppropviote 1.9. whether there arg any mal8rSal uncertalnlles Telaled to events or condllk)ns that may cast s￿nIficant doubt on the ablllly of the Charity lo continug as a wing ￿ncern. The Trusleos make th16 assessmgnl in respect of a peric*J of at least year from Iho dale of authorisatNx) for tssue of Ihe financial statements and have condud¢d that lh¢ Charity h8S adequate resources to conb'nue in operational existence for the foreseo8ble fulure antj there are no material uncertainties ab(￿ the Charivs abllity to contlnue as a going concem, thus they conllnuè lo adopt gc4ty e4)ncem ba$1$ of ac¢ounting In pr6paring th fln8ndal 8tstements. 2.3 Fund •cGounUnq Gongral fvnds ore unrestrthd funds whhth aro aThIab￿ for use at the di8crelion of the Tru8108s in fvrtherance of the general objectihts of the Charlty and whlth have not been ￿￿19￿aled for other puwises. Deslgn8ted fiJrKl$ comprise unrestricted funds that have been sel aside by the Trustees for particular Purpo￿. The #im and use of eath designated fund b sel OLrt In the notes lo the flnancSal statements. ErKIov4ment funds c¥)mprise lh8 pwmanent erthwment of the Charity. Restrthd fvnds are furth arn to b8 us8d in accordance wilh specnlc restrictions imp)8ed by donors or which have been raised by the Charity for parbcular PUTPOSeS. The costs ol raisiry and administering suth funds are charged against the tund. The and usg of eath restrfctgd frjnd 13 set wt in the notes to the finanaal statemants. Page 16 Tho Hospital of Sir John HaT*klns. Knlgh( In Chath•n Not•$ to th• financial statements lor the year end•d 28 F•bru•ry 2025 A¢￿￿ntIng pollcles (¢ontlnu•d) 13 Fund x¢ountin9 Icontinu•dl Inveslment Income. galns 0￿j bsse$ are akntsd to the appropriate fund. 2.4 In¢om• All Income 18 rètC#3nlsed once the Charfty has ents￿eMent to the Income, it Is Probab￿ that th& Income wlll be rnceived and tha amount of Ineorné ￿1Vable Can be measured reliably. Income tsx recoverable in relatth to investrnent In￿M0 18 rectr3nlsed at the tlmè Invèstment income ￿ receIv8b￿. 2.5 Exp•ndltur• Expenditure is r9cogrased once Ihoro Is a Wl or CL￿truCtive obligation to transfer economSc b6neflt to B third paty, h Is probable that a transfar of economk bgneffts VAII b8 requlrèd In settlemènt and the aff￿￿nI of the obllgatk*n b& measurgd reliably. ExpeThJilurp on thgrttablo adfvlbos 15 Incurred on dir8d￿ undertakJrwJ the Kllvttlgs whSGh further the Charit18 ob)8ctrv88. as well a$ any assooaled sUp￿rt costs. All expoThJitur• is inclusfve of kre¢overnbl& VAT. 2.6 Int•r••t r•c•lvabl• Interest on funds hgkl QD deposlt 18 Included vthon recèrvabk and the amount c4n be measurod rellably by thé Cha￿ty. Ihis bs normally Up￿ noUllc8tM)n of the Intorest p8ld or P?￿ble by the Insululknn wllh whom th8 funds are deposited. 2.7 T•x¥llon Th• Chaiity is consldered to pas¥ the tes¢s sel out In Paragraph 1 Schedule 6 of the Finance Act 2010 8nd therefore it meets the d8finltlon of o tharit8ble company for UK Corporal￿n lax wrwses. Accordingty, tha Charfty 1$ potonlialty exempl from taxalion in rgspgcl of Incomg or capltal gain8 ree•ivod within catewri8s o)vered by Chapter 3 Part 11 of th8 Corporation Tox Acl 2010 or Section 256 ol thg TaxalSon of Charge8bl8 Galns Act 1992. to tho oxtont that such income or gains are pplled oxclusfvdyto charftable purp￿. 1.8 T•nglbh f￿•d and d•prg¢l•llon Freehold prDperty is fKrt doprncaat•d. Its •sllmaled useful lifo is in oxcos$ of flty yeors and the esumaled re&du81 value is morg than the carTrirvJ value in the Balance sha8t. Any deprg¢iatSon W￿ld therefore b8 immaterial and M provlslon has beèn made in the finanual s18t*menls. 19 Invutmnts Flxed asset Investments are 8 fomi of financial instrumont are initially rewgnised at Ihgir Iransaclion cost and subwuenty measured at fair vahjo al the Balance Sheet dale. unl8SS th& valug cannot L* mèasured reliabty in wthich case it is measured at ts)st less Impaimient. Investment gains and bsses. whether realised or unrealised. ara combinod and presented 8$ 'Goinsl{Los8es} on investments. in the Stslement of flnanck81 activibe5. 2.10 Cash at b•nk and In hand Cash at bank and in hand incbJdes cash arKI short-term hiqhly Ilqukj Invostrnents wlth a shtNi rrraturtty of three rM)nths or less from the date of acqulsilfjon or opening of th8 deposit or similar account. Pag8 17 Th• lio¥pital of Sir John Hawkin8.1(nigK in Chatham Not•s to Ihe financl*l stat•m•nts lor th• year ended 28 Febrn￿ 2025 Ae¢ountlng poll¢l•s (contlnuodl 2.11 Liabilitl•s and wovwons LI8￿[1￿09 are recc*3nlsed ￿en there b an obliga￿n ol Ihe Balance Sheet dale 8$ o result of o past 8v6nl. rt Is Probab￿ that o transfer of eLxirn)mic benefft will be required in settlement, and the amount of the setllemenl can be eslimated reliably. Liabllrues are recognosed al th8 amount Ihat the Charity anticipates it wll pay to setlle th8 debt or Ihe amount It has rnC8lv6d as a0￿9n¢¢d PayTnents lh8 wods or ¥eNkes It must provvjo. ProvSstons arg mgasured al the besl estimate of the amounts r8quSred to sett1& the obligation. Where the eff￿1 of the time value of money is material, the provision 15 based on the Present value of those amounts. discounl8d al the wtrtax dlstknunt ral8 that reflects Ihe risks specific lo the liabilty. The unwlndlng of the discount 18 recognised in the Ststement of fm8nc491 activities 8s a finance cost. 2.12 Fln•nclo1 In¥trum•nts The Charity only has ffinandal assets and fknanual Ilabiltss of a kind th81 qualify 49 ba¥iG finan¢lal Snstruments. Baslc financial instruments arn Inlllalty recognlsed at transadlon value subsoquentty m68sured 81 I￿1r s8tllemènl valu8. Crltkal •¢¢ountlng ••tlm•tM and ar•as of ludg•m•nt E81imatlJ8 and judgements 8rn conlinually ev8lu8tod ond bg¥gd on hlstorical expgrience and olhgr lactors, includlng exp￿ta￿S of firturè évènts that arè Wièved to bg rèasonablo undgr th& clreJJmstsnc6S. Cducel accounting estlmales aThd a8sumpth)nJ: The Charlty make8 esllrnales ènd assumplions cOr￿eming the future. The rgsulting accounting eslimole$ 88sumptions wll, by d•finit*)n. seldom equal thg rglalgd actual r08utt8. Tho estlmates 8nd assurnplions that have a slgnfficant rSsk of cau$ing a maleri81 adjLtslmonl lo tho carylng amounts of 88s•ts and liabilities wilhin ts next fin8n¢￿[ di8cv88ed beknlf. Page 18 Th• of Slr John Ha*￿￿8. KnIg￿ In Chatham Not•s to th• Ilnan¢lal ¥t•t•m•nts for th• y•ar •nd•d 28 F•bNwy 2025 InGom• from don•tlons and ￿0&Cl&S R•strlthd Unro%trl¢tsd funds lunds 2025 2025 Total fund* 2025 Total fvnds 2024 Donalv)n$ 10.000 15,540 11.250 Total 2024 11.250 11.250 In¢om• Irorn charlt•bk acdvltl Totsl funds 2025 Total funds 2024 fund¥ 2025 Weekty malntenan¢o ¢onlritwlion$ 27,287 27,287 28,678 Total 2024 28,678 28.678 Inv•stm•nt Income Unrnstrlct funds 2025 Tot*1 lund# 2025 Total fund8 2024 Investment Income Deposlt intergst 23,704 1.462 23,704 1,462 26,393 894 25.166 25,166 27,287 Total 2024 27,287 27.287 P4e 19 Th• Hospltal of Sir John Hawkins, Knlghl In Chalh•m Notes to the flnanclal $tatem•nts for th• y••r •nd¢d 28 F•bru•ry 2025 Analysis of expèndhur• by aetivits Direct ¢￿ts 2025 Support costs 2025 Total fund8 2025 Total fund8 2024 CharMat48 a￿VI￿8& 55,560 29,102 84.662 52,555 Totsl 2024 30,480 22,075 52,555 Anaty•l• of dIr•￿ ¢o•ts Totsl funds 2025 Total funds 2024 Hoallro and Ilghting Insur#n¢x Council tax and water rates Rep8brs 8nd m8inten8nc Medway ￿lplIne Qulnquennl8lSuNe￿orkS 1677 2,388 3.246 2,000 1,980 2,055 21,466 1,179 1,800 1,266 55.580 30,480 An•ly•l* of #upport Costs Total fvnds 2025 Total fund5 2024 Prinling, postsge and stationery Investment managèrfs fees Honorarium Sundrlgs Garden Rasklont's Chdstmas lunch and gratuhlBs Legal and professbnal faes Ac¢ountancy arbj Independent examlnalkn thargos Webslte (xsts 331 337 4876 7.301 1,043 4.277 2.948 4.084 2.$80 1,056 4,360 6.616 1,086 4,896 2,323 100 2.357 29,102 22.075 Direct costs. in both 2025 arKI 2024. werE all from unrestrided funds. and of the support costs, £2,763 were from andowment (2024 - £2.7a6) and £25.894 were from unreslrtcted fund$12024- £19,038). Page 20 Th• riospital of Sir John Hawkins, Knig￿ in Chatham Notes to flnanclal statements forlhe y•ar enthd 2B Fobruary 2025 Trustsos. rwnunorallon and •xp•nt During the yoar. ￿ Trustegs Twgiv¢d any remunerath)n or other beneffts12024- £NIL). Dudng the w ended 28 February 2025. rKI Trust09 expenses have been Incurred {2024 - £34). Tanglbl• flx•d a88•ts Fr•thold prop•rty Cost or v•luatlon At 1 March 2024 41,03B At 28 February 2025 41,038 N•1 book valu• At 28 February 2025 41,038 At 29 Fet￿ary 2024 41.038 Page 21 Thg Hospltal of Slr John HaTh*in•. Knigh( In Chatham Notes to th• financial stat•m•nts lor th• year onded 28 F•bnMry 2025 10. Flxod 413et Invutmonts Lhtsd Investments Cost or valuatlon At 1 March 2024 Addl1ic￿s D15posals Revaluavons 941,488 933,597 1988,689) 42.484 Al 28 February 2025 928,880 14•t book valu• Al 28 February 2025 928,880 Al 29 Fetffugry 2024 941,488 The histwical cost of the Charity8 fixed 8ssel InNYslments Is £928,462. l of tho Charitys fixe(l asset investrngnts arg Isted invostmonts hold in Ih UK. Mat•rlal Inve•tments: 28 F•bruary 29 February 2025 2024 COIF Charities Inveslmènl Fund- Income Unlls COIF Charii*s Invostmenl Fund- Capftal Urwts 310,6Bg 98.847 317.973 85,572 409,536 403,545 11. Crndltor•.' Amounts falllng du• wlthln on• year 28 February 29 February 2025 2024 Acwals 1,375 2,377 Page 22 Th• Hospltal of Slr Jokn Hawklns, Chatham Not•$ to lh• Ilnanclal $tst•m•nts for the yw •nd•d 28 Febnmry 2025 12. Statement of funds statsm•nt of lund$. curr•nt y••r Balan￿ at Gain•1 28 F•brugry ILosseJ) 2025 Balance at 1 M•r¢h 2024 Tramfers Inlout kneom• Exp•ndrtur• Unr•Btdct•d fund• Dfjslgnat•d fundfj Extraonllnary rnpalts furKI Cydi&i1 maintenance fund 24534 24,534 43,006 43,006 07,540 67,540 G•n•r•l fund• Ganeral fund Prop&ty fund 483.264 41.038 57.993 177,815 21104 506,123 41,038 524,302 57,993 177,8151 21104 547,161 Totsl Unr•strl¢t•d fvnds 591,842 57,993 (77,815) 22,104 614,701 Endowment fvnd• Enth)wment fijnd 426,41J9 12,7631 120.57n 20,380 423A49 Re$trfct•d funds Kltchen 8nd 8athrcom W¢xks 10.000 (4.084) 5,916 Total of lund8 1.018.251 67.993 IW6621 41484 1.044.06fj PwJ8 23 Tho Ho8pltal ¢rf Slr John Hawklns, Knlghl In Chatham Not•s to th• financial stat•m•nts forth• y•ar •nd•d 28 F•bN•ry 2025 12. Statsm•nt of funds I¢onllnu￿) Statement of 1￿mIS . wlor year Balance 8t Gainsl 29 February (L088esl 2024 1 March 2023 Transfers inl(xrt Incomè ExperKltlure Unmtrs¢t•d fttnds D•$ignat•d fund8 Extraordinary repalrs fund Cydical malnlenanc fund 24,534 24.534 43.006 43,006 67,540 67,540 Q•n•ral fund• General fund Property iund 453.197 41.038 67,215 (49,728} 120,301 } 32,881 483.284 41,038 494.235 67,215 149.7281 120,301 } 32.881 524,302 Totsl UnMstrEtt•d funds 561,775 67.215 (49,728> 120,301) 32,881 591.842 Endowm•nt fund8 Endowment fund 392.509 {2,8271 20.301 16,426 426,409 Totsl ol fund• 954.284 67,215 (52.555) 49,307 1.018.251 Page 24 Th• Hospltal ol slr John Ha*lrtln•, l(nlohL In Chatham Not•s to th• fInancl￿ stst•m•nts for tho yMr •nd•d 28 February 2025 13. Analysls of not •ss•ts b•t¥Men funds Analysis of n•t aM•ts b•tw••n funds v Current y•ar Endo*in•nt RMtri¢t•d UnrnstrlGt•d Total funds funds fvnds funds 28 F•bfu•ry 28 F•bru#ry 28 F•bFuary 28 F•bruary 202S 2025 2025 2025 TangSble fixed 8880ts Flxed as8et Investments Current assets Cred￿0T5 due vAlhSn ￿or 41.038 $06,058 69.980 12,375) 41.038 928,880 76.523 (2,37S} 422.822 627 5,916 Total 423.449 5,916 614701 1,044,066 An•lyg1* of not •180ts b•twe•n funds - prlor y•ar Endowment Unreslrictsd Total funds funds fijnds 29 FebnJ8ry 29 February 29 Febnjary 2024 2024 2024 TangSble flxed ass&ts Fixed asset investments Current assets CrediloTS the within >•ar 41.038 515.490 37,691 (2,3771 41.038 941.488 38,102 12,3771 425,998 411 Totsl 426,409 591,842 1,018.251 14. R•l4t•d party tra￿￿tIon4 Lt Cdr S Smal. Chalmian of Iho 8oard of Governor8. Is a180 a Trustee ol The M&Jway Ml88lon lo Mariner5. During the ￿ar this Charity has made thlnalions affl￿nting to £15,540 to The Hospital of Sir John Hawkins. Knight. in Chalham12024 - £10.1￿). At the y￿r end th•re is bab￿￿ outstandir bgfvmn I￿ charities (2024: £NII) There were no other related party tran5actiofw in the current or wior >w. Page 25