REGISTERED CHARITY NUMBER.. 214505 DUNCAN &TOPLIS SLe- 14 REPORT OFThETRUSTEES AND UNAUDrrED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCN 2026 FOR SLEAFORD HOSPITAL Duncan & Toplis Mited 18 Northgare Sleaford NG34 7W fKRESTON GLOBAL duncantoplis.co.uk
SLEAFORD HOSPITAL CONTENTS OFTHE FINANaALSTATEMENT5 FOR THE YEAR ENDED 31 MARCH 2026 P*gÈ Report ol the Trusiee5 IndepeThdent Examlnerf5 Report 51•t¢m¢nt of fknandal Attl¥liles Statement of FlnaThu•l P051tlon Notes to the Flrtantlal 5taiementS 6 tts 10 Detalled Siat•ment ol Fln•nd•l A¢tlvltl•s li
SLEAFORO HOSPThAL REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2026 The trustees present their report with the finèncial statements of the charity for the ye4r ended 31 Marth 2026. The trustees hève adopted the provislons of Accounting arid Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard appli(ab in the UK and Republic of Ireland IFRS 1021 (effective ljanvary 20191. OBJEcfivES AND AcfiviTIES Objeaive5 and wrns To provide accommodation in the form of Alrnshouses for single or mairled persons from wSthSn the geographical area5 as detailed wlthin the scheme under the ausplce5 Of the Charity Cornrni5sion. $18Thlflrant •rtlvltles To continually mèintain and update the acCommlatIon. Ensurè all residents financlally contribute and live within the conditions of thelr a8reement. Public benefit Public benefit15 censidered in all the artlvlties of the ¢h4rity. ACHIEVEMENTSANO PERFORMANCE Trustees continually review the conditlons of the flats to ensure they are malntalned to a hl8h standard. Rep•irs and up8rade5 4re carrled out when necessary. Should a flat become voc•nt the obiÈ£tive is to appoint another beneficiary ès soon as p0$5ible to ensure income is mèxlmlsed. FINANCIAL ReviEW Flnanclal posltlon Fininrlal stattments produced and Independently examined en an annual basls. Surplus funds are held In M&G Almshouses funds Investment5 and used to rnéintoin prem15ts. Total reseryes at 31 March 2026 were £282,41512025.. £275,959> ¢tsnsistin8 of £127,846 of unrestrlcted funds and £L54,$69 01 festritted funds. The charlty has Incurred makr expenditure cn repalr5 01 the variovs propertles durin8 the Veèr, rna4n new wSndows and a wall FUTURE PLANS The charity will continue to safe8uard Its assets and operations tothe benefit of the community. Is anticip•ted a major repalr wlll be required for the Ea5t8ate property in the 2027 fin•nci41 year and funds aro bein8 set a51de for thls purpose, STRUCTURE, GOVEIINANCE AND MANAGEMENT Gr*ernlt)i document The charity is controlled by Ks governln8 document, • deed of trust ond ti)nstitutes èn UnlOrpOrated chariry. Or6an15•tJon•l structure The or8anlsatlonal structure 15 a5 follows.. Al Trust Deed 81 Ch3dly Comm15sion Scheme CI 6Co-operative Trustees 2 Nomin•twe Trustee5 Appolntrntnt andtralr+in8 ol newtrustees The charity relies on volunteers being appointed as Trustees, often throu8h word of mrAJth and forrnally èpp04nted èt Trustees meetings. Any training quired is provided bythe existing Trusttes. REFERENCE AND ADMINISTRATIVE DETAIL5 Re8iStered Charfty number 214505 Page I
SiEAFORD MOSPAl REPORTOF TrIETRUSTEES FOR THE YEAA ENDED 31 MARCH 2026 Prlndpal •Jdres5 7 Berkeley Court eaford ncolnshire NG34 TNsree5 N Musson Mr5 M YarTam IrtSied 30.6.251 A Snookes Rev P johnso D Mèrria8e Mrs K Hockmeyer Cllr M Smith Ms F Hopkins P Tarry IresiKned 30.6.251 Ms B Hitchcock (appointed 30.6.251 G Goodie {appnted 6.10.251 Duncan &Tcylls knmited 18 Northg•te YeafrKd ncolnshlre NG34 7BJ Approved by order olthe board of trustees on........ •nd its beIlbY.. .llo sen- Trustee Pap2
INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEE5 OF 5LEAFORD HOSPAl Independent examlner's report to ihetrusiees of Sleaford Hospitil report to the charity tru5teÈs on my examinaticn of the accounts of ge•ford H05Pital Ithe Trust) for the year ended 31 March 2026, Re5ponsibtlitivJnd basis Ot report As the charity trusiee5 of the Trust you tyre rÈswnsible for the Preparaon of the acceunts In accordance with the requirements of the Charities Att 20111'the Att'l. I report in respert of my examination tsf thè Trust's accounts carrled out under Section 145 of the Act and in carryln8 Out my examinatlon I have followed all applicable Direction5 8iven by the Charity Comrni55ion under Section 14515llbl of the Act. Independ¢tht txamlfier's statement I have completed my exarnination. I confirm that no material matters have come to my attention in connertion with the examinatknn Eivini me cause to believe thot in any rnateri•l rÈspett'. accovntina records were not kept in respect of the frust as required by Section 130 01 the Act.. or the acceunt5 de not accord with those records., or the accounts do not comply with the applicable requirement5 concerning the forrn and ttrntÈnt of coUnt5 set out In the Choritie5 (Accounts and RÈportsl Re8ulations 2008 other than any requlrement that the account5 give o trve ond fair view whlch Is not a matter con51dered os Part of an independent examination. I hive no ¢¢n¢erns ènd have come across no other matters In connectlon with the examination to which attention should be dr•wn Inth15 report In ordertotnable • proper understandlng of the accounts to be reached. IPLL Duncan & Toplls LlmKed 18 North8•te eoford Lincolnshlre NG34 7BJ te.. 1,17.1 Pa8e 3
SLEAFORD HOSPtrAL STATEMENTOF FINANaAL A1VITIEs FOR THE YEAR ENDED 31 MARCH 2026 2026 Total funds 2025 Total fund5 UnstrICted fund Restricted funds Notes INCOME AND ENDOWMENTS FROM 119,724 119.724 105,712 Investment income 12,96D 21,473 34,433 13,133 Tot 132,684 21,473 154,157 118.845 EXPENDITVRE ON Charitable aLtivilie5 148,1 148,064 108,691 Other 2.014 148,064 148,064 110.705 NET INCOMVIEXPENDITUREI 115,3801 21,473 6,093 8,140 RECONCILIATION OF FVNDS Total funds broughtforward 142.863 133,096 275,959 267,819 TOTAL FUNDS CARRIED FORWARD 127,483 154,569 282,052 275,959 The notes form partofthese finbncial statements Page 4
5LEAFORD HOSPITAL STATEMENT OF FINANOALPOYTK)N 31 MARCH 2026 2026 Total funds 2025 Total funds Unrestricted fund Restricted Ne$ FIXEDASSET5 Investments 94.707 154.wj 249,276 230.622 CURAEpifASSETS Debtors Cash at bank aNI in hand 292 34.482 292 34.482 332 47.281 34.774 34.774 47,613 cREDORs Amoun15 fallinE due wthin one year 11.9981 11.9981 12,2761 NETCURREpifASSErs 32.776 32,776 45,337 TOTALASSEfs LESSOJRRENT LIABILMES 127.483 282.052 275.959 NEfASSErs 127.483 iY.$69 282,052 275,959 FUNDS Unre5tricied fund5 Restricted fvnd5 127.483 154.569 142.863 133,LYJ6 TOTAL FUND5 282,052 275,959 The financial stètements were apF¥fftd by Board of TN$$ and authorised f issue on ....... were signed w it5 half bv.. nd ijol, on. Trustee The nDtesfom) part 01tSe firncIal statements Page S
SLEAFORD NOSPThAL NOTES TOTHE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 ACCOUNTING POLIOES Baslsof preparing the financial staternent5 The financial statements of the charity. which Is a public benefit entlty under FR5 102, have been prepared in 8Ctordance th the Charities SORP IFRS 1021 'AccountinÉ and Reportin8 by Charities.. Statement of Recotnrnended Practice applicable to charities preparinÉ their accounts in accordance with the Financial Reporting Standard applicable in ihe UK and Republic of 1reland IFRS 1021 lÈffective l January 2D191', Financial Reporting Stanllard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The finantièl stètements have been prepared under the historical cost convention, with the exception of investments which are included at rnarket wèlue, as rnodified by the revaluatK>n of cÈrtain èssÈts. Income All income is recognised in the Stèternent of Financial Activities once the charity ha5 entrtlement to the fund5. It 15 probable that the income will be recenied and the amount can be measured reliably. Ewenditure Liabilities are recognised as expenditure as soon as there is a legal or ton5tTUCtive obligation comrnittin8 the charity to thai expenditure. it is probable that a transfer of econornic benefit5 Will be required In settlement and the amount of the obligation can be measured reliably. £ypendiiure Is accounted for on an accruals basis and has been dassified under headings that a8gre8ate all cost related to the cate80ry. Where costs tannot be directly attributed to particular headin85 they have bÈen 8llocatÈd to activitie5 On a ba515 consistent with the use of resources. Taxation The charity is exempt from tèx on its (hèritable activitie5. Fund acc¢)ynlin Unrestritted funds can be used in accordance wth the charitable objectives atthe discretion of thetrustees. Restricted fund5 con only be used for particulér restrirted purposes within the objects of the charity. Re5triction5 arise when specrfied by the donor or when funds are raised for particular restricted purposes. Furtherexplanation of the nature and purpose of each fund is included in the notes to the financi315tatements. peAt)rI tosts and other post-retiremefit bÈnefits The charity operates a defined contribution pension scheme. Contributions paydble to the charity's pension scheme are charged tothe 5tètement of Financial Artiwties in the period to which they relate. INVESTMENT INCOME 2026 2025 Interest received Gèin on investment revaluation 778 33,655 12,230 34,433 13,133 TRUSTEES. REMUNERATION ANO BENEFITS There wÈre no trustees, remuneratlon or other benefit5 for the year ended 31 March 2026 nor for the year ended 31 March 2D25. Trustees. e¥pense5 There were no trustees, expenses paid forthe yearended 31 March 2026 nor lorthe year ended 31 March 2025. Page 6 continued...
SLEAFORD HOSPAL NOTES TOTHE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2026 srAFF COSTS The avera8e monthly nurnberof employees during the year was as f(Alows'. 2026 2D25 Charitable attivities No employees recelved emoluments in excess of £GQ,QOO. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES Unre5trlcted fund Restricted funds Total funds INCOME ANO ENDOWMENTS FROM 105,712 105,712 Investment Income 4,494 8,639 13,133 Total 110,206 8.639 118.845 EXPENDITURE ON *ritabl¢ artlvltl¢s 82.385 26,306 10&691 oiher 2.014 2.014 Total 84,399 26.306 110,705 NEf INCOMEIIEXPENDITURE Tt•nsl¢rs b¢tween lunds 25,807 18,2401 117,6671 8,240 8,140 Net movemerti In fvnds 17,567 19,4271 8.140 RECONCILIATION OF FUNOS Total fund5 biouih¢ forward 125,296 142.523 267,819 TOTAL FUNDS CARRIED FORWARO 142,863 133,096 275,959 FIXED ASSET INVESTMENTS Listed investment5 MARKEf VALUÉ At l April 2025 Dlsposals Revaluatlens 230,622 115,fX)01 33.654 At 31 March 2016 249.276 NET OOOKVALUE At 31 March 2D26 249.276 At 31 March 2025 230.622 The wert no investment 35set5 twtsidÈ the UK. Pa8e 7 continued...
SiEAFORD HOSpAl NOTESTOThE FINANCIALSTATEME14TS- (tinued FOR THE YEAR ENDED 31 MARCH 2026 XEDASSETINVESTMENTS. (tinued COStValuab at 31 March 2026 i5 iepresented by. In¥t5tments Valuation in 2026 Cost 76,240 173.036 249,276 OEBTORS.. AMOU14TS FAWt4G DUE VIITHIN ONE YEAR 2026 2025 Prewrnents and accrued 292 332 CREfMTOAS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2026 2025 Taxation and social 5ecurty hercreditors 313 1.685 691 1.585 L998 2.276 MOVEMEpif IN FUNOS Net mtr4ernent In funds At 31.3.26 At 1.4.25 Unrestricted fvnd5 General fund I4263 115.3801 127,483 Resiricted funds extra(wdinary Repair5 Fund 133,096 21,473 154,569 TOTALFUNOS 275,959 6,093 282,052 Net mMnent in fu15. included in the aare a5fdknw5'. IrKomi res0r(e5 Re5curos expended Movement in fvnds Unrestrirted funds General fund 132.684 1148.0641 115.3801 ReMritted fvnd5 Extradiary Repairs Fund 21.473 21,473 TOTAL FUNDS 154.157 1148.0641 6.093 Pa8e8 continued...
SLEAFOIID HOSPThAL NOTE5 TOTHE FINANaAL STATEMENTS- corhtinued FOR THE YEAR ENDED 31 MARCH 2026 MOVEMENT IN FUNDS- cantlnuÈd (omparatfves for movemeni In funds Net movernent in fund5 Transf*rs between fund5 At 31.3.25 At 1.4.24 Unrestrirted funds General fund 125,296 25,807 18,2401 142,863 Re5tri¢led fvnd5 2005 Recoupment Fund Extraordinèry Repair5 Fund 31,031 111,492 131,0311 39,271 117,6671 133,096 142,523 117.6671 8,240 133.096 TOTAL FVNDS 267,819 8,140 275,959 Comparètive net rTh)vement in funds, included in the above are ès follows.. Incomin8 resour5 Resources expended Movement in funds Unrestricted lund5 General fund 110,206 184.3991 25,807 Re5tiiaed funds Extraordinary Repairs Fund 8,639 126.3061 117.6671 TOTAL FUNDS 118.845 1110.7051 8.140 A current year 12 months and prlor year 12 months combined po%tion is as follows.. Net movement in funds Transfers between funds At 31.3.26 At 1.4.24 Unrestrlcted funds General fund 125.296 10,427 18,2401 127.483 Restritted funds 2(N)S Recouprnent Fund Extraerdinary Repairs Fund 31,031 111,492 131,0311 39,271 3.806 154.569 142.523 3,806 8.240 154.569 TOTAL FUN05 267.819 14,233 282.052 Page 9 tontinued...
SLEAFORD HOSPThAL NOTESTOTHE FINANCIAL STATEMENfs- contlnued FOR THE YEAR ENDED 31 MARCH 2026 MOVEME IN FUNDS- contlnued A current year 12 month5 and prior year 12 months combiried net movement in funds, included in the above are as follow5.. IncomirK¥ resour£e5 Re50urce5 expended m0Ment in fund5 Unr¢strlc¢¢d funds General fund 242,890 1232,4631 10.427 Resiritted funds Extroordinary Repairs Fund 30.112 126,3061 TOTAL FUND5 273,002 1258,7691 14,233 The Extraordinèry Repalrs Fund Is In place tocover emergency and m3lor non-routine repiir5 and Improv¢ments. io. RELATED PARTY DISCLOSURES Thtre wer¢ no related party transactlons for the year ended 31 March 2026. Page 10
SLÉAFORD HosprrAI DEYAIIED STATEMENfoF FINANOAiAcTIVlEs FOR THE YEAR ENDED 31 MARCH 2026 2026 2025 INCOME AND ENDOWMENT5 Charitable artlwtfjes 108.936 3,328 7.460 102,242 3,470 Investment income 119,724 105,712 Investment Income Interest received Gain on Investment revaluaticn 778 33.655 12.230 34,433 13,133 Tal 5nwmln8re5our5 154,157 118.845 EXPENDITURE Charitable l¢ti¢S Wages Pensions Rate5 and water ghi and heat Telephone Sub5triptions Sundries Repairs and renewals Insurance 18,899 326 3,318 29,418 1.527 16,127 261 3,997 14,844 570 119 61.319 4.930 312 80.425 5.500 140,625 103,727 Support cost5 Finonce Bank char8es HMRC interest 94 141 27 loo 168 Governance costs Accountan(v fèes Professional fees 2,278 5,061 2.090 4.720 7.339 6.810 Total fe50urces expended 148,064 110.705 Net income 6,093 8.140 This pa8e dues net form pdrt of the 5tstutoryfinancial staternents Page 11