REGISTERED CHARttY NUMBER.. 214505
REPQRTOFTHE TRUSTEES AND
UIIAUDITED FINANCIAL sfAYEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
FOR
SLEAFORD HOSPITAL
Duncan & Toplis Limited
IS Northgate
$￿af0rd
NG34 7BJ

SLEAFl￿D HOsP￿AL
copirENTS OF THE FINANCIALSTATEMENTS
FOR ThE YEAR ENDED 31 MARCH 2025
Report of the Trust¢¢s
I to 2
Ihdependent Examlner's Report
Statementof FinancialActfj¥6tles
ststementof Fina￿111 Position
Note5 to tho Mnanclal Statements
6 to 10
Detailed Ststemerbt of Fi￿ntial Adivitiès
li

SLEAFORD HOSPITAi
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their report with the financial starements af the charity for the year ended 31 March 2025. The trustees have
adopted the provisions of Accounting and RepDrting by Charities". sratement of Recommended Pratt5￿ applicable to charitie5
preparing their accounts It) accordance with the Financi31 Reporting Standard applicable in ihe UK and Republic of Ireland IFRS 1021
(effective ljanuary 20191.
OBJECTIVES AND A￿1VITIEs
Oblertlve5 and alm5
To provide accommodation in the forrn of Almshouses lor single or married persons from withln the geographical aTeas as detailed
within the scheme under the au5pKesof the Charity Cotntnission.
Significant acttvitie5
To continually maintain and update the accommDdatiori. Ensure all residents financialw coniribute and live within the conditions of
their a8reement.
Public ben¢fit
ACHIEVEMENT AND PERFORMANCE
Trusiees continually review the conditions of the flats ro ensure they are maintained to a hiEh standard. Repairs and up8iades are
tarried out when necessary. Should a flat become vacant the objective is to apFx)int another beneficiary as 500n 35 posslble to
ensure iniorne is maximised.
FINANCIAL REVIEW
FlnaTh¢lal p051tlon
Accounts produced and independèntlyexamined on an annual ba51S.
Surplus funds are held in M&G Alrnshouses funds investments and used to rnaintain premises.
Total reserves at 31 March 2025 were É275,959 12024.. £267.8191 consistins of £142.863 of unrestricted funds and £133,096 of
restricted fund5.
FUTURE PLANS
The charily has immediate pl3n5 for replacement wndows for the properties within the next financial year, as well 35 minor repairs
nd general upkeep of the individual flats between tenancies.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Go¥erning document
The charity is controlkd by its governing (*xument, a deed of trust and constitutes an unincoTporated charitv.
Oryanisational 5trurtyr¢
The organisational structure 15 as follows..
Al Trust Deed
81 Charity Commission Scheme
Cl 6 Co-opÈrative Trusiees
2 Nominatwe Trustees
Appointmem arsd trainin8 of new trustees
The charity relies on volunteers being apFvinted as Trustees, often through Word of mourh and formally appointed at Trustees
meetinES. Anytr3inin8 required is provided by the existin8 Trustee5.
REFERENCE AND ADMINISTRATIVE DEfAILS
ReÉlstered Charfty num￿1
Z1451
Prin¢ip41 address
7 Berkeley Court
Sleaford
ncolnshire
NG34
Pa8e I

SLEAFORD HOSPITAL
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
Trurtee5
N Musson
Mrs M Yarram
A SrK>Dkes
Rev P Johnson
O Marria8e
Mrs K Hockmryer
Cllr M Smith
Ms F Hopkins
P Tarry
Independent ExavnlnÈr
Duncan & Toplis Limited
18 Northgate
Sleaford
NG34 78J
Approved by order
f the board of trustees on
and signed on its behalf by
N Musson-Trustee
Page 2

INDEPENDENT EXAMINER'5 REPORT TO THE TRUSTEE5 OF
SLEAFORD HOSPITAL
IndepeThdentexaminer's report to the ttusttes of Sleaford Hospital
I report to the charity trustees on my eXaMi￿tion af the attounts of Sleaford Hospital Ithe Trustl for the year ended
31 March 2025.
Rt5ptsnsibillties and basls of roport
As the charity trustees of the Trust you are respon5iNe for the preparation of the accounts In accerdantr with the requirements of
the Charit￿$ Art 20111'the Act'l.
l Teport in respect of my examination of the Trust's accounts carried our under Section 14S of the Att and Sn carryln8 Out my
examination I have followed all applicable Directions given by the Charity Commission under Section 14515llbl of the Act.
kndépÈndÈnt examinevs #atement
I have completed rny examination. I confirm that no m3terial rnatters have come to my attention in connertion with the
examination Eivin8 me cause to believe that in any material respect..
accountin8 rÈcords were not kept in respeci of the Trust a5 required by Section 130 of the Act,. or
the accounis do not 3ccord with those records,- or
the accounts do not comply with ihe applicable requirernents concerning the form and content of aicounts set out in the
Charitie5 (Accounts and Reportsl Re8ulaiions 2QNJ8 orher than any requirement that the account5 give a true ènd fair view
which is nor a matter considered as part ol an Independent eKaminaiion.
I have no concerns and have come across no other matter5 in conneciion with the examination to which attention shouw be drawn
in this repDrt in order to enable a proper uTrdersrarKliryq of the accounts to be reached.
Fi
Duncan & Toplis Limited
18 Northgate
Sleaford
NG34 78J
Date..
Pa8e 3

SLEAFORD HOSPITAL
STATEMENTOF FINANUALAcnviTIES
FOR THE YEAR ENDED 31 MARCH 2025
2025
Total
fvnds
2024
Total
funds
Unrestricted
fund
Restricted
funds
Notes
INCOME AND ENDOWMÈNTS FROM
O)aritèble actlWiLies
105.712
105,712
103,978
Investment Income
4,494
8,639
13,133
12,(M)9
Total
110,206
8.639
118.845
115.987
EXPENDITURE Ot4
(harltable artI￿tieS
Charitable activities
82,385
26,306
108.691
135,652
Other
2,014
2,014
1,795
Totsl
84,399
26,306
110,705
13?.447
NET INCOMEIIEXPENDITUREI
Transfer¥ between funds
25,807
18,2401
117.6671
8,240
8,140
121,4601
Nrt movement In funds
17,567
19,4271
8,140
12J.4fy)1
AECONCILIATrON OF FUNDS
Total fund5 brought forward
125.296
142,523
267,819
289,279
TOTAI FUNDS CARRIED FORWARD
142.863
133.096
275.959
267,819
The notes form part of these financial statements
PaÉe 4

SLEAFORD HOSPITAL
STATEMENT OF FINANCIAL posinoN
31 MARCH 2025
2025
Tot31
funds
2024
Total
funds
Unrestnrted
fund
Restricted
funds
Notes
FIXED A55ETS
Investments
97.516
133,096
230,622
238,958
CURRENT ASSErs
Debtors
Cash at bank and in hand
332
47.281
332
47,281
358
29.852
47.613
47,613
30.210
CREDITORS
Amount5 falling due wthin one year
12.2761
12,2761
11,3491
N￿(vIM1eNT ASSErs
45,337
45,337
28,861
TOTALASSETS LESS OJRRENT LIA81LITIES
142,863
133,096
175,959
267,819
N￿AsSET5
142,863
133,096
275,959
267,819
FUNDS
Unrestritted funds
Restriued fvnds
142,863
133,096
125.296
142.513
TOTAL FUNDS
275,9S9
267.819
The financial statements were approved by the Board of Trustees and authorised for issue on
were signed on its behalf bv-.
and
on- Trustee
The notes form part of these financial Statements
Pa8e 5

SLEAFORO MOSPITAL
NOTES TOTHE FINANCIAI5TATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
ACCOUNTING POUCIES
Basls of preparing thefinanrial statEvnents
The financial statements of the charity. which is a public benefit entity under FRS 102, have been prepared in accordance
with the Charitie5 SORP IFRS 1021 'Accounting and Reportin8 by Charities." Starement of Recommended Practice applicable
to charities preparinE their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republit
of Ireland IFRS 1021 leffeciive l January 20191,. Fin3ncial Reporting stsndard 102 'The Financial ReportSn8 Standard
applicable In the UK and Republit of Ireland, and the Charitie5 Act 2011. The finèncial statements have been prÈp3red
under the historical c05t convention. with the exception ef investments which are intluded at market value, as modrfied bv
the revaluation of certain assets.
Income
All income is recognwd in the Statement of Flnancial Activitie5 Dnce the charSty has entitlernent to the funds, rt is probable
that the income will be re￿ived and the arnount can be measured reliablv.
Expendlture
Liabilities are recognised 35 expenditure as soon as there is a le8al or construttive obligation rommlttlnE the charity to that
expenditure. it is probable thar a transfer of economic benefits will be required In settlernent ènd ihe amount of the
obli8ation can be measured reliably Expenditure Is accounted for on an accruals basis and has been classified under
headin85 that a88re8ate all lost relaied 10 the category. Where costs cannot be dirertly attributed to particular hpadin8S
they have been alloc*ed to attivitieson a basis consistent with the use of resources.
Taxat￿￿
The chanty is exempt from on its t￿ritable actbvities.
Fund auountin8
Unrestricted fun¢ts can be used in accordance with the charitable objèctives èi the discretiori of the trustees.
Re5triited funds can only be used for particular restricted purposes wlthln the objects of the £harlty. Restrictions arise
when specified by the donor or when funds are raised for par[￿Ular restricied purposes
Further explanation of the nèiure and purpose of each fund Is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheffle. Contriburion5 payable tts ihe charitV'5 pension scheme are
charged to the Statemeni of fin3niial Activitie5 in the period to which they relatt.
INVESTMENT INCOME
2025
2024
Interest ￿e1ved
Gain on investment revaluation
9D3
12,230
845
11,164
13,133
12,009
TRUSTEE5' REMUNEIiITION AND BENEFITS
There were no trustees, rernuneration or othèr benefits for the year ended 31 Marth 2025 nor for the year ended
31 March 2024.
Trustees. expense5
There were no trustEes' expenses paid for the year ended 31 Mafch 2025 nDr for Iheyear ended 31 March 2024.
Pa8e 6
continued.,.

SLEAFORD HOSPITAL
NOTES TO THE FINANCIAL STATEMENTS- ¢oTrtinu•d
FOR THE YEAR ENOED 31 MARCH 2025
STAFF COSTS
The è¥era8e monthly number of employees duringthe year wa5 a5 follows..
2025
2024
Charitable activltles
No ernployees rècèived emoluments In excessof £￿,000.
COMPARATIVES FOR THÉ sfATEMENTOF FINANOAiACTIVITIES
Unre£tricted
fund
Restrlcied
funds
Total
funds
INCOMEANDENDOWMENTSFROM
103.978
103,978
Investment income
2,307
9,702
12,fYJ9
Total
106,285
9,702
115,987
EXPENDITURE 014
Charitsble art￿￿tIeS
82.193
53.459
135,652
othe
1.795
1,795
Total
83,988
53.459
137,447
NET INCOMEIIEXPÉNDITUREI
22,297
143,7571
121,4601
RECONCIUATION OF FUNDS
Total fund5 brou8ht forward
102,999
186,2BO
289.Z79
TOTAL FUNDS CARRIED FORWARO
125,296
142,513
267,819
FIXEDASSET INVESTMENTS
investments
MARKET VAIUE
At l April 2024
Additions
Disp0581s
Revaluation5
238,957
1,435
122.0(M)I
12,230
At 31 March 2025
230.622
NEf BOOK VALUE
At 31 March 2025
230,622
At 31 March 2024
238,957
There were no investment 455ets oUts￿e the UK.
Page 7
continued...

SLEAFORD HOSPITAL
NOTESTO THE FINANCIAL STATEMENTS-£ontinued
FOR THE YÉAR ENDED 31 MARCH 2025
FIXED ASSET INVESTMENTS. continued
Cosr or valuation at 31 March 2025 15 repfesented by-.
Listed
Investrnents
Valuation in 2022
Valuation In 2023
Valuation in 2024
Valuarion in 2025
Cost
20,190
19981
11.164
12,23D
188,036
230,622
DEBTORS.. AMOUNTS FALUP4G DUE WITHIN ONE YEAR
2025
2024
Prepayrnents and accrued income
332
358
CRE￿T0￿5.. AMOUNTS FALUNG DUE WITHIN ONE YEAR
2025
2024
Taxarion and social secuTIty
Other creditors
691
1,585
1,349
2.276
1,349
MOVEMENT IN FUND5
Net
rnovement
in funds
Transfers
between
funds
At
31.3.25
At 1.4.24
UDrestrictedlunds
General fund
125,296
25.807
18,2401
142,863
Restricted fund$
2LX55 Recoupment Fund
Extraordinary Repairs Fund
31.031
111,492
131.0311
39,271
117,6671
133.096
142,523
117,6671
8,240
133,096
TOTAL FUNDS
267,819
8,140
275,959
Net rnovement in funds, included in the èbove are as follow5..
Incomin8
esources
Resources
eKpEnded
MovemEni
In fvnds
Unrestritted fund$
General fund
110,206
184.3991
25,807
Restricted funds
Extraordinary Repairs Fund
8,639
126,3061
117,6671
TOTAL FUNDS
118,845
1110,7051
8,140
Pa8e 8
continued...

SLEAFORD HOSPITAL
NOTES TOTME FINANaAL5TATEMENTS- eontlnued
FOR THE YEAR ENDED 31 MARCH 1025
MOVEMENT IN FUNDS- contjnued
ComparatlVE5 formo¥ement in funds
Net
movement
In funds
At
31.3.24
At 1.4.23
Unrestricted funds
General fund
102.999
22,297
125,296
Restrirted funds
2￿5 Recoupment Fund
Extraordinary Repairs Fund
29,496
156,784
1.535
145,2921
31,031
111,492
186.280
143,7571
142,523
TOTAL FUNDS
289,279
121.4601
267,819
Comparatwe net movement In fvnd5, included in the above are as follow5.'
Incorning
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
106,285
183,9881
22,297
Restyirted fvnds
2005 Recoupment Fund
Extraordinary Repairs Fund
1.535
,167
1,535
145,2921
153,4591
9,702
153,4591
143.7571
TOTALFUNDS
115,987
1137,4471
121.4601
A current year 12 months and prior year 12 months combined position is as follows..
Net
movement
in fund5
Transfers
between
fund5
At
31.3.25
At 1.4.23
LlnrestricttdfL¢t)d$
General fund
102,999
48.104
18,2401
142,863
Restrlrted funds
2(X)5 Reioupment Fund
Exrraordinary Repairs Fund
29,496
156,784
1,535
162,9591
131.0311
39,271
133.096
186,280
161,4241
8,240
133,096
TOTAL FUNDS
289,279
113,3201
275,959
Pa8e 9
continued...

SLEAFORD HOSPITAL
NOTESTO THE FINANCIAL STATEMENTS- wntinued
FOR THE YEAR ENDED XI MARCH 2025
MOVEMENT IN FUNDS- contlnuod
A current veèr 12 Th)nth5 and prior year 12 months combined net movement in funds, included in the above are as follows..
Incoming
rÈsources
Resources
expended
Movement
in funds
Unrestricted lunds
General fund
216.491
1168,3871
48.104
Restricted funds
2WS Recouwnenl Fund
Extravdin3ry Repairs Fund
1,535
16,806
1,535
162,9591
179,7651
18,341
179,7651
161,4241
TOTAL FUNDS
234,832
1248,1521
113,3201
The Extraordinary Repairs Fund is in plaie to coveremer8enty and maior n￿-routine repairs and improvement5.
Transfers betweeTh fvnds
The 2(NJ5 Recoupment Fund existed to repay ihe 2005 loan. given this has been repaid the fund has been transferred
into thÈ 8eneial fund.
io.
RELATED PARTY DISCLOSURES
There were no related partytransacrions for the year ended 31 March 2025.
Pa8e 10

SLEAFORD HOSPITAL
DETAILED STATEMENT OF FINANCIAL A￿1VITIEs
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
INCOME A14D EPIWWMENTS
tharitable activitlts
Subscriptions
Investment Income
102.242
3.470
99,917
4,061
105.712
103.978
In¥estment Income
Interest received
Gain on investment revaluatlon
903
12,230
845
11.164
13,133
12,(M)9
Tmal Incornin8 resources
118,845
115,987
EXPENDITURE
aritable ¥ct4Vitie5
Wages
Pen5ion5
R3tes and water
8ht and heat
Te￿phOne
Subscription5
SundrEs
Repairs ènd renewals
Insurance
16.127
261
3.997
14,844
l.S60
$70
119
61,319
4.930
13.455
219
4.298
11,371
1,369
410
354
94,455
5.147
103,727
131,078
Support costs
FlnaThcfr
8ank charges
HhlAC interest
141
27
222
222
Govemante t¥¥#S
Accountancy fee5
Professional fees
2.090
4.720
1.843
4.304
6.810
6.147
Total resources expended
110,705
137,447
Net Incornollexpendltulel
8,140
121,4601
This paÉe does nor lorm part of the Statutory financial sratements
Pa8e 11