2020-12-31-accounts

Charity number: 216873 HOSPITAL OF WILLIAM WYGGESTON AND THE HOSPITAL BRANCH (WYGGESTON'S HOSPITAL CHARITY) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

VYGOE8TON'S HOSPITAL CHARITY CONTENTS Page Chairman's statement Tru$t•OS' rnPQrt Ind•p•nd•nt audltofs report on the financial stat•m•nts Statom8nt of flnanclal actlvttlos 2-19 20-23 24 Balanc• shggt 25 8lat¢ment of cash IIOWG 26 Note5 to Ihe Ilnanclal 8tatsments 27-49

WYGGESTON'S HOSPITAL CHARITY CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2020 The chaimian p￿sents her ststement for the year. What a year this has beenl When I closed off my Annual Statrynent last year we were looklng to a very PO8ltive start to the year - Iitue dhfj we expect the worthwde pandemic that wa8 about to hit us all wlh particular emph8sk8 on the care industry. H¢￿V0Var, hr8 we arg one year1gr hawn9 one of the bigg8St challenges in OUT history. having1oarn8d bts of lessons and able to lake prKJe in the fact that we did not suffer any Covid 19 deaths. A lot of this has lo be accr8dit8d to the way that our man8gement team took wnership of Ihe'problem 'and were extremety prowactive in infection control and the purchase of copious quantities of PPE. Of course, even w7th Govemment funding, there has been som6 Impact on our finances but we felt unable to put a monetary value on the INe$ of our residents and staff - both of whiGh we value grealy. I cannot thank them all enough for their great efforts _ the residents for their forbearance and staff for undertaking tasks sometimes outside their usual sccpe and hcurs lo ensure th& safety of all. Whi8t all this has been going on, we h8ve also managed to work ar(￿nd the vamus kxkdowns to enable us to refurbish large parts of the ¢cYnmunal areas in our residential home and the Agnes House residents and staff hava ￿an vary 4)W￿l￿[vO of upgrades. The Governors have aL80 played tr￿r rol8 and have he•J to quickty gel up to speed remote V•orking on Zoom and have sometmes fell the fruslrat*)n of not being able lo have face to f¥e contsct wth both re81Ients and stsff. We cannot wait to be fulty back on site and continuing our usual r4)port. Ong po5ilive we have been a)le lo take from the year has be8n the fact that our new build was only slight impadgd by tho Icck down and thanks lo the foreS￿jht of the construction ¢tJmpany in tr￿ng1ng forward the scheduling of malerkg18 we are now back on track for cornpktion in earky Autumn 2021. We have had a good response from the local eommunty and the majority of our new bulhls are already reserved. Something to keep u5 kjoking forwardl Wyggestons is a￿ayS IcM)kin9 to the future and we were therefore ple89ed to be approached at the very erKI of 2020 by another local Almshou8e regarding Wyggeslons tsking on the rnanagement and Tnjsteeship and as I wri(e this report we are in the process of discussions and Cgrying out due diligence thrc4Jgh our financkwl and 18981 thisers. I think I can g more being ble say that there is nwer a dull day at Wyggestons and we are l¢XJkin9 fonyard in 2021 to once sc¢ialise and welcome visitors to Dur site- the whe4e charlty thrives on intoract￿ with olhersl Sandra R PIMII Chairman of the Director8 of Wyggeston's H08Prtal and Ho8Pit81 Branch Tru8tee Datè: Pagg 1

WYGGESTON% HOSPITAL CHARrrY TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEhlBER 2020 1. INTRODUCTION The financial statements comprise the Annual Financkgl Statements, Chairman's Introduction and th8 Tru$teo'$ Annual Report for the year 1 January 2020 to 31 Decembèr 2020. The Govemors referred lo in this report ar8 tho Directors of the Corwrate Trustee of Wyggeston's H08Pital, belNJ the Wyggeston's Hospttsl and Hospital Branch Trustee, company number 7718817. This Report shoupa be read in conjunct￿n with the Chgimian's Introduction Ipage 1) which has also been reviewed and ￿prOVed by the GovernoTS. 2. FOUNDATION AND SCHEME Wyggeston's Hospital Charity was founded followng the grant of Royal Letter8 Patent to William Vvyggeslon in 1513. The Scheme of the Charty Commissioners goveming the Charty was revised in 1992 and 2012 and the present Scheme is dated 7 February 2012. The Charty's rggislratian number 1$ 216873. The ¢)fficial name of Ihg Charity is Hospital of William Wyggeston and the Hospital Branch. 3. CORPORATE TRUSTEE On 26 Juty 2011 a Cornp8ny Umited ty guarantee wa8 established entitled The Wyggeston's Ho¥pitsl and Hospital Branch Tru$lee Company number 7718817. On 7 February 2012 this company b8camg th9 $019 Trustee of the Charty. The pravious Govemors of the Charity bec(yniNJ the Directors of the company. The Corporate Trustee holds the real estate propety of thg Charity which was trsnslerred during 2013 12014. AII s8J8s or purchases of land are now carried out in the name of the Corporate Tnjstee. 4. WORKING NAME For day404lay purposes the Charity is known as Wyggeslons or Wyggg8ton's Hospital and the Directors of tho Ctjrporate Trustee are known •8 Govemors. S. AIM The alm of the Charty Is to apply rts income for charitable puTp0595 by the pro¥i8Th of Almshouses or general financial assistance ft)r needy people of the Cty of LoKgsler and the prowsion of Extra Care farAlitie5 for n88dy pgrson5. 6. OBJECTS The objects of the Charlty are.. R81ief in Na8d on on8 or more of the following.. 6.1.1 The provision and maintenance of Almshouses for poor persons of gr>￿ character of notloss than 60 years of age resident in th& Cty of Leic8St8r; 6.1.2 The provision and maintenance of Extra Care facilities foT neody persons of gwd charxter a prferenGe for resident5 of the Almshouses., 6.1.3 The relief of the needy poor-, and 6.1.4 Paying lo the Wyggeslon Schc•)l Foundation an annual sum. Page 2

GGESTON'S HOSPITAL CHARITY TRUSTEES, REPORT {CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2020 7. PUBUC BENEFrr The Governors have complied with tha duty in S.17 of the char￿tieS Act 2011 to have due regard to the Charity Commi5sh)n published general and relevant SU￿se¢lor guidance concerning the cperati¢)n of the public benefit requirement under that Act. It is important And ¥proprfate, therefore. in this report to rwew the work of Wyggeslon's in the light of the C¢)mmis8hM's guidance and their published Reports. AS readers will be aware there ar& th￿1ve Charitable Purpose Headingg and the Wygge8ton's Hospital Chorty S¢heme frts wilhin three of them.'- the prevention or relief of poverty tho advancement of eduCat￿)n the relief of those in need W& will took at eaGh of tha headlng8 in turn and how Wyggeston's fufft15 thg public bgnefit t￿1 in gxh area. 7.1 Tho pr•¥entlon or rellef of pov•rty 7.1.1 Lglcoster Charlty Llnk Through the Leicester Charity Lir {LCLI grants are provtded which en8blg pecs)le to have a better quality of life. Although individual grants are limited to a maximum of £SOO it is often the case that even 8 small amount makes a huge difference. The Govemors, through the House and Grants Committee, are m&Jè aware of all hèlp given. Working with LCL has the advantage Ihat they Can access additional funds should this be n8C888ary. They Gan also ensure an indNidual is claiming any statutory help available. In 2020 we madg a grant of £25,QOO for distiibuiion by LCL lin 2019 the grant was also £25.0001. 7.1.2 The Brldge ProJ•ct For the pa$1 fèw years we have made 8 granl to the Brmlge Homeless lo Hcye Project. In 2016 the project moved to now p￿rni￿ and began expanding f(s work to prowde employment opportunities for the homeless. A grant of £25,000 was made towards thi5 move and patd in February 2017. In 2020 a grant of £15,000 vas made in line wtth the budggt for the last few years. 7.1.3 One Roof Lelcester One R(x)f Le1¢￿10T IORLI 1$ a Chwity which prowdes accommodation, support and adwce to the homeless, deslrtLrt6 refugees, asylum seekers and vulnerably housed in Le￿Star. ORL works ￿ryth parther 0rgani88t1o￿, often the local faf(h community, to ensure that the vulnerable whom they house are rKJt left in isolation. In 2016 Wyggestons purchased a property which is let to ORL for a nil rent altoving them to provide accommodation to a homdess or vulnerable famity. The rental for the property on the opèn market would be in the region of £517,000. Therefore this Gould a150 be counted a hKI(n grant aid. This continugj during 2020. 7.2 The advancement of eduution Under the Term8 of the Charity8 Schem8 we pay an amount annualty to Ihe Wygg88ton'$ SGhod$ FoundatKJn. In 2020 this was £10.000 12019 £10,000). Th& Foundation ct)n5ider5 applKalions from the tsyo sixth-form cdleges in Loic8$ter Cty that were fOma1￿ Wyggeston S¢hools. Through this add￿Onal funding, students Can become involved in adThiiti¢s ty courses lo enhance their broader oducational horizons which they would otheNiise be denied. The funding was approved in 2019 and is usualty made in the Seplember of each year to coincide wlth the commencement of the academK year. The 2019 payment was made post year end in early 2020 wth the agreemenl of the Foundati)n with the annual amount later In the year. Pag8 3

WYGGESTON'S HOSPITAL CHARrr TRUSTEE8' REPORT (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2020 7.3 Wygg•stons Grant The Charity prowdes one individual wth a grant of £5.00 per w8&k1£260 per annuml under a nineleenlh century established fund to meel Iha objective to provide financial relief to older pgrsons in LeiGester deemed to be 'out pensioners.. Thi$ Grant ended in February 2020 Mlh the death of the last recipienL 7A The r•li•f of thos• in no•d How do you define ne&J? Shouhj rt relate simpty to 8 per8cm's bank balance7 Need Shoukl be interpreted in various ways. including financial. emotional and spiritual. Some people wlll have a property bth I￿e or no savings 1isuffic￿nt income with which to maintain ￿ Others may be $uffering sccial bsolation as the area in which Iheywere bom and brought up changes beyond their recognition. In William House, our Almshouse. we proiride irendenl INing shertered housing unils, open to all %tho qualify under the Term$ of the Charity Scheme. In a communty alm¢)sphere the residents benefit from not having the worry of housing maintenance, they are with like-minded and svnilar aged people and enjoy tha 86curity of someone on call should they suffer an emergency. In &Jdilion, we have a Chapel on $ite and offer spiritual and paslorsl suppjrt 88 ne￿ed through the Master, an ordained Anglican Priest. As people age and th￿r needs increase they can, subjed lo assessment, transfer to Agne$ Hou8e, our ResKlential HC￿e. whtch is on the same site. The pr0￿Mity of th8 buildings has th8 addéd advantage that felbw residents who have become friend5 over the years can visit easity and maintsin contact. FamIl￿S also appreciate that when the lime comes for the extra level of Care the parent or loved one is already known lo the staff and this reduces the stre$$ of moving. In both unib there is a dryree of subsidy- The Govetnois, Pdicy is that the weekly charges in Willkgm House and Agnes House will be below th of an ￿OnOm￿ rent or fee as part of the Charitys Relief in Need help. This amounts lo )proximatety £400,¢￿0 per annum. 7.5 ConGlu$lon In the light of all the above we firmty bglieve that Wygg8slon'5 woukl 'pa35' any Revivu by the Charity Commission corK•ming ils charitablfr work. STRATEGIC OVERVIEW Wyggeslon's was establishgd to provid8 shoher8d housing and give grant aid. It achieve8 this by.'_ providing 56 units of Almshous8 Accommodation in William Housé: 26 eTrsuit8 rcom$ in Agnes House.. paying grant aid ef(her directty or via Le￿88t￿r G￿rity ￿r￿.. Providing a property al no I minimal ￿$1 at anoth8r organisation to wrfh indTriduals or families who would olhgrwisg be horneths. an endowed ChaTity the inccffie from investments provKles monies to supplement the work and the mshouses and residential home are provided al subsidlsed rates. The main limits'ng factors for the Cherity are the very low interest rale8 and the rates pai¢J by the locol authoritte6 for residents In the care IK>me. We are very fortunate ￿th our employee8. Some of vthom {10%1 have been with us since we opened Agn88 Housg in 1992. The avorag8 length of service rernain5 at 11 years and turnover is also extremely low. During 2020 Six employee$ left as two woro tomporary staff employed during the Covid-19 pandemK, one resigned and three retired. Although this equals around 5% turnover Iwe onty have 58 employeesl the average in the cgre industry in the East Midlands is around 25Vh 130Qh. The splf( be￿￿on male and female is 12QA and 88Trh and full tlme and part tlme 18 10% and 90% reSpeCt￿lY. Wg monttor our pgrformance by carrying out an Annual Residents, Survey. We ar8 also moniiortrj by external Page 4

WYGGESTON'S HOSPITAL CHARITY TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 IKdies. the Care Qualty commissp￿ {CQC) and the L￿ceSter City Council. Financialty we 8re strong and currentty there is no reason why Wyggeston's shouSg not continue for a further 500 years. Detsils of how the Govemors work through the various committees is given below. AS mentioned elsewhere the day4t>day management is carried out by the $8nw staff. However. am(x)g the staff only the Master has ch4ue signing authonty. Al payments ara authorisod by Govemors and all payments are reporto11 to the Finance Committee at th8 nexl round of meetings. Limi18 are placed on the amounts that can be aulhorised bgfore referring to the Govern￿8. Budgets are approved at thè autumn round of meetings for the folbwing year and any variances greater than 200A are investigated and explanation8 provid￿1. Eaeh committee r￿elVeS budget to adual rgPQrts at rts meetings and all Governors receive financial inf¢mation on a regular bas1$. 9. RISK MANAGEMEKr The Govemors hav8 examined the major StratOg￿ busin8s$ and (yporalional risks vthKh the Charty face5 and confim that system$ are in place lo ensure regular reports are produced so that the necessary step$ can be taken lo ￿Sen these risks wrth 8 form81k8ed risk register r8viewpd annually. This has been amended to include ngw risk8 that occurred due to the kX)sl year end Covi&19 virus which has led to significant risks for the Charty. The initial market vo]atility ￿SU11&d in bssès for the Charty's inv8stm8nt portfolios and the fund managers worked closèly w(th Govemor8 to lim(( tha impact on thg Charivs ca$hflows. The Charity also exp6ri8ncod lo$$ of a number of Staff for the duration dug to thg '$hiekling° regutatDns and Increas￿ associated w$ls in slaffing and consumablès. Senior staff formed a crisis managemgnt team to manage all aspects of the crisis and worked dosely ￿￿th Govemors in ensuring suffKient resources were available to reduce all risks. The mal¢x rtsks lo the Charty ar& reput8tK)nal damage, fraud and 'AGts of Gcd.. WhilBI having no contrd over the devebpment of the epidemiG the Govemor3 have in placo various measures to miligale the likelihood of reputstional d8magg and fraud including a robust Business Continuity Plan and 8ssocialed Crisis Managoment plans to protect the Charity. Galng Concern The 2021f22 budgets and fore&*ts have been dr•Yn up and amendod wth consideratK•n for the on90ing impact of Covid-19 ah)ng with planned 09Prtal projects. The budget8 and foreca8ts c¢)ntain a number of assumptions and these have been assessed to consider the sensitiwly of the prolecled perfomiance. Furthemiore, the Charity has secured a medium4em) loan facility of £2.2m for thè purrM)se of financing the remainder of the Lancaster House and ccltag88 capital prq8Ct in 2021, thus alkmng r￿urring inwning cash resources lo be made available for operational ¢xpenditurg needs. On review of these d￿uments, the TTUStee8 believe that the Charity's financial rasourc8s and continggncy planning 1$ suffic￿t to ensure the ability of the Charity to continue as a going concern for 12 months from the point ol signing and therefore the financial statamenls have been prepared on this basis. Page S

WYGGESTON'S HOSPITAL CHARITY TRUSTEES. REPORT ICOTrtriNUEDI FOR THE YEAR ENDED 31 DECEMBER 2020 10. RESIDEKrs Duri)g 2020 there were 1212019- 131 deaths and 212019- 61 transfers of re¥idenls. 10.1 William House- The Alm$house 10.1.1 Statistics Deaths.. 1 {2019- 3} Moved: 2 {2 inlernal to Agne8 Housel12019- 5- 4 internal to Agnes House} Empty flats at the year4nd: 2 (201￿ 21 Averagg occupancy during the year was 95%12019 - 95%} At the ye8rond:. Avgragg age.. 79 ygars12019- 781 Average length of occupancy.. 6.2 year$12019- 6.31 Youngest resident.. 6212019 - 63) Oldest resident.. 97 {2019- 96) Mal8 .' Femal8 ratio 26% .. 77 %12019- 27% '. 73%} Total resKlents.' 63 (2019- 591 10.1.2 Buildlng and vop•lrs Four Ilats wgrg upgraded during th8 ygar one of which was as part of the wider refurfoishment of the fomier Master's House lo enable the cOnStr￿tion of a halhvay access to the new Hub development. Full extemal r&Jecoration was carried out and necessary repairs undertaken during thai work. As uÈual minor repairs ar maifttènanee items were carried out during tha year. 10.2 Agnes House- Tho Resldontlal Home 10.2.1 ststlstics Av&rage ￿¢upancY during the year was 94% {2019. 96fAI I At the year4nd:. Averag8 age.. 90.7 years (2019 - 91.91 Average length of occupancy. 1.4 years {2019- 2.6) Youngest resthnt: 8412019 - 83} Okjest resident.. 107 {2019- IC6} Malo.. Female ralio 17% .' 83 QA12019- 12% . 88%> Dèaths.. 1012019- 11> P•ae 6

WYGGE8TON'8 HOSPITAL CHARITY TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2020 Vacancies at Year End.. 212019- 1) 102.2 Bulldlng and r•palrs There have been no major works to the Agnes House buikling during 2020. General rep81rs and mainténanc8 continue as necessary. 11. GOVERNANCE OF THE CHARrrY The Govemors are responslble for the ovw8Jl managemgnt and organisaticffl of the Charity. The full Board of Governors mel four times in 2020. The Finance Committee, Estste Commrttee. House and Grants Committee, Revithv Comrntitee, ExecutNe Committee and Looking Ahead Group support the Governors in carrying out their respon5ibiliti.e$. Committee consists of at 1ga51 nin8 Govemors, axc8pl the Exgcutive Committee, which COMprr4￿ the Chaimian and Vic&Chaimian of the Board of Govemors and the Chairman and Vic&Chaimian of aach Commiitee. The Finance SU￿ComMittee - Investment comprises the Chaimian and Vi¢e-Chainnan of the Governors, the Chairrnan and IfKe£haimian of the Finance Committee and at least ong other Govemor. The Governors are ultimately responslble for the and dirertion of the Charty. wth day to day managwnent delagaled to the senior 8laff he￿Ied by the CEO, who also acts as Clerk lo the Govemors. The ca￿ Manager has dual responsibility for William House and Agnes House. The Master is respon6b￿ for the pastoral care of all fgsid8nt$ and stsff. All Govemors are notrfd of relevant training opportunitigs. Thesg are fulty funded by the Charity. The Clerk to the Govemors attends varlous courses and pffjMdes reports to update Govemorn. The Professional Advisors also offer in-house update$ s￿[fir￿llY tailored to the Govemors needs a8 necessary. 12. GOVERNORS 12.1 Dir•¢tors l Gov•morn Thanks are recorded to all the Governors who have givgn so freely of Iheir timg not onty to attend meetings but also to deal with indiwdual matters during the year. DireGtors of the Wyggeston's Charty are ¢ommonty kntrwn as Governor8. Details of those who served during th8 year can be found on page 18 and 19. The directors that Berved during th8 year and their tem len9th is documented page 18 and 19. In November 2017 the Charty Commission. jointly with Othe￿ published Taken on Trust- The awareness and fectiv0￿S8 of Charity Trust8•8 in England and Wales,. In the retommendations rèfer8nc8 Is made to the recruitment of Trustees and that this should, embrace the introduction of different peop￿, new ideas, skills and exp8rience to Trustee boards. and to target the recruitment of Trustees fr(￿ more diverse wth)n8 of Society... Our full complement of Govemors is tsventy, being ten C(poplions, one ex-officio and nine nominations from publr b(wJies. In both instan¢es it is not 8￿y$ easy to recrutt suitable eandidates. To obtain a wide spread of 8ki118 and exPerier￿e we take into 8ccount drverse factors such as gender. 4e and ski18. An initial meeting 18 arranged for polenllal candKlates Ythh the Ch81Tman gnd Vice Chainnan and includes a full lour of the Charity. If 6uilable, and the candidate accepts the invitation lo bocome a GovernoT, Ihgy are appointed al a Special meeting prior lo the next full meeling. All Governors are offered the opportunity to attend a training ¢oursg which is fundgd by the Charity and all rthv Govemors are offered the chance to spend time with senior staff to understand how the Charity fulfds ils aims and obje¢tNes. The Governors have reMewed thg $91g¢tion process and feel, with the difficulty of recruiting suitable new TTUStees arKI wth younger people less willing to give so freely of their timg, they will continue for the time being with the èxBting proGess and tem8. The Governors are ￿re OF the latest Charity Govemance c¢Je and this is Cur￿ ntty being ¢onsidered. Page 7

WfGGESTON'S HOSPITAL CHARITY TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2020 12.2 Remunfjration And Benefits Undèr the temi8 of the Charity Scheme (Sections 18- 21} the Ch8rty 18 requlred lo employ a Master who shall be an Ordained Priest of the Church of England. The Mastsr is an Ex￿ffic￿l Governor. The Master is the onty Governor who received any fonn of rèmuneration from the Charity during the pencil covered by these Financial ststements. Se& Note 14 to the Financkql Statements. 12a Statlsll¢s Iygarsl of Director8lGovemo 12a.1 Age Younge8t'. 53 Oldest: 83 Av•rag8.' 72 12J.2 Lgngth of Sgrvlce Longest..- Continual unbroken- 37 Wf(h a break of se￿1¢¢.. 43 Newe8t: App(xnted February 2019 113.3 Malo l F•mal• (%) Male.. 65% Female.. 35% 114 Meotlngs and Commlttso8 IrKludgd belt)w are the average attendance al the various m•etings. During the year the full board of Governors held two Speelal and Four Ordinary Meeting8. Average attendance was as folk)ws'. Speck9170%, Ordinary 86%. Committe95 appointed by the Full Govemlng Body to consider matters in depth and make reci)mmendations lo th& Full Governing Boty are: 12.&1 The Executlve Commltte• The Executive Commjttee made up crf the Chalmian and w￿8 Chaiman of the Govemors and the Chairman aThJ W￿e Chaimian of each Committee. The Master is Exdficio Member of all Commsttees. The purpose of the Executive Committee is to consider matters in detail a5 a small group and to tske recommendations lo the appropriate Committee of the Governors for CCnSKl&ration. Th8 Ex8cub"ve Committee did not meet during the Page 8

WYGGESTON'S HOSPITAL CHARITY TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 12A2 The House and Grants Committ•• Deals with matt•r$ rélating to thè resKlents, employees, the buildings and grant making. Tho Committee met four timos during the year. Averwy attendance was 900h. 12AJ The Estate Commlttee Dealing wth matters relating to the Agricultural Estate. The Committee met four limes during Ihe year. Average attendance was 95%. 12A.4 Th• Financ• Committ0• The role is to rewew and monitor perfomiance against budgets and foreca8ts. The Committee met four times during the year. Average attendance was 951JA. 12A.6 Tho Financ• Committ•• Subiommrtteo- Inv•stments Ha8 the 8pecific role of monitoring the investmen18 of the Charty and, in consultat￿n ￿th our SlockbrokerslAsset Alk)cation Advisors￿and Agents, ensure the Charws assets are hebj In approprie categories or Funds within the guidelines set by the Governors. The Sub Commritee did not meet during 2020. 12.4.6 Th# Audit Committ•9 Meets annual￿ lo discuss the draft financial Statements with the auditors. The Committee met once during the year. Attendance was 429/0. 12A.7 Thg Roview Committ8• Meets annualty to revie4V Ihelevel of charges to residents and the remuneration of employees. Attendance was 66%. 12A.8 Looking Ahaad This Group reviews the strategic role and funcl#)n of the Charity. The Group met 10 lime8 during the year. AVer￿e attendance was 97Qh. 13. INSPECTIONS AND EXTERNAL ASSESSMENTS 13.1 Statutory Inspectlons In addith?n lo the annual Health and Safety inspections carried out by our consultant the Leicestershir8 County FI￿ Brigade undertook an assessment of the care home in 2020 and confim)ed all was in good order witrt no areas of concem. Care Quality Commission also undert￿k an Infection control a88e8sment in September 2020 gs part of thgir PandemK marwJgmgnt pr￿ed￿re$. 1& STAFF AND VOLUNTEERS 14.1 General To all the staff we express our sincere thanks as it 18 onty through Ih8ir commrfmw we are able to cary out I good and positive work in caring for those in r*ed, for which the Chartywas established. 142 Numbè D8tai1gd staff numb8rs are given in Mot8 13. Page 9

WYGGESTON'S HOSPITAL CHARir TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 OECEMBER 2020 14.3 Staff Turnovor During 2020 six employee8 {2019 - fi)url of whlch thre& retlred after long seNice with the Charity arKI Iwo were $h¢yt term appoinlments to assist during the pandgmic. 14A Agne8 Houae Care staff with WQ IWE or equivalent or above.. 96%. 14.5 Volunteè 14.S.1 Govemors The Govemor5 give fre8ly of their time and abilrtias. 14.5.2 Othgrs There are no other volunteers. 15. FINANCIAL 16.1 General We are pleased to report a satisfactory financial performance for the yew. The detailed figures for the year under re￿W appear on pages 24 to 49. 16.2. Flnanclal Controls The Governors are Satisfled that the financial controls currentty in pla¢& meet all tho regulatuy requirements. 13.3 Income Streams The maln income streams for Wyggeston's are investment irKome and incc#ne from residents. The Inve8trnent income is from the $te¢k market invesbnents and the agrKultUTal investment. E&h one Is imwrtanl and alkhv8 the Governors not On￿ to maintain the current work of the Charty but to plan $trategi¢alty for the future. 15A Investments 16.&1 Inv•stm•nt Polley The overall policy of the Govemors is to maintain a balanced portfolio I￿1¢h includes Frxeil Interest Bonds, Gilts, Equities and Property dlher agricultural, commercial or domest￿. Investment may be direct into indivKlual shares or appropriate collectives or other rglovant instruments. The G¢)vemors do not intend to invest directly in hgdgg Funds or high risk derivative8. 16A.2 Extomally Managed Funds Aberdeen Standard CapTial and Cazenove eontinued as our Investment FuTrJ Managers for extemally held invesknents during 2020. 15A.2.1 Aberdeèn Stsndard Capltal Portfollo Comm•ntary- for the year 8nding 31•t Dec 2020 The global pandemic triggered on8 of the most tumulluc*Js years In finar)cial hi8tory. VVhil8 the path of returns Page 10

WIGGESTON'S HOSPITAL CHARftY TRUSTEES. REPORT (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2020 was not straightfomard, we were p￿aSed to del￿er a robust annual retum of +8.O•A against a market Cc￿￿￿rte benchmark of +0.3%. The approach adopted by the investsment team is defined as Qualty, Sustainable GroNth. We seek to identffii the beneficiar￿$ of long-twm structural trends which led us to favour sectors such as Techrlology and HealllKarg in 2020. After the initial market 8elWf in March, markets became much more discoming as lo the companies who would strNe or struggle in a pandemic enwronmenl. A material 0Very￿1ght to these sectors. and a void in travol and leisure and banking allow8d the portlolio lo perform wdl from April onwards. As we head into 2021, Structural themes have continued to evolve and we have tsken profits in araas such as T￿hnolOgY redepbyed capital in areas such as Indu8trkg1s. Another key drNer to outsrfomiance hay b8@n th& material underwerghting to fixed interest. We look the deelsion lo reduce Gitts at the height of the Pan￿emiC after the posf(ion had delNered strong perfomiance. In our view, intgrgst Tales are al structural l¢)w8 and likely to rise over the next 5-10 years. Thi5 cr&ales a difficult environment for bonds. Insteaj we favour listed Socbal and ren￿able infrastruGlure whth has provkled Scma dNersifKalion from st(xk market risk and an atsrnative source of income, ensuring the portfolio remains focused on delivenng a com￿'natiOn of regular and recurrmg Income for Wyggeslon's Hospital now arbd th8 potenti4 for ab¢)ve-infklion grolth in future months and years. Locking to 2021, we conllnue to favour equltles and remain fceused on trjerrtfy'ng companies and Industr positioned to become tenefKiaries of long-temi Structural trends. We are $eleclivety adding lo companies vtho we anticipate wll benefft from the recovery, although we do $0 in a CaL￿.ou$ way to temFÈr any future volalilty. We are not out of the woods yet. 15A12 Cazenovo capltal Investmfrnt Since inception {1st February 2012) the portfoltr) has PTodu¢ed a total retum {bolh capital growth and income) of 84.60/0 net of fees. The portfolio parformance is measurgd against CPI +3% and a compos((e benchmark. whKh have relumed 50.2% and 92.2% respectively. The composite bonchmark was changed in 2018 to have a mtye evon split betr￿n UK lisled and oversea8 equities Whi￿ also l¢ywering the alktation to b¢)nds. 2020 was a chaI￿ngIng year for markets with gbbal eqU￿Y markets falling dramatically in March when I pandern￿ took hold. The subsequ8nt rov8ry was polarisad - whih Sectors like technology bounced back Btrongty {led by a fe•V very large lechnokngy Stc￿kS in the US), the UK lagged and ended the year dwi -9.8%. A90inst this backdrop. the Wyggeslon FQrtfolKJ delivered a relum of +0.5Yo forthe year. Ov8rseas equit￿5 Wdre the biggest drivers of relums over the ￿ar, part￿ularty our hoklings In North America and Asia, along wtth our Ihematle albeations to technology and hgahh¢are. Fund selection 18 Europ8 was al 8trong wilh our holding in Bl¥kRoGk European Dynamic outP8rforming the index by 26.2Yo. Our Fix8d Income positions perfomied ￿11 as yields fell ovor th9 y&ar, although our 8horter-duratton prefe￿nce was 8 datractor on a relative basis. Our holding in gohj was also a standout contributor, reluming 19.30A over the year. UK equitiès were the main detractor to relum8. We mainlain an allocation to the UK in order io achieve our 1￿c(￿le tsrget of 317A, with UK equilK% offering a weld premSum to other equity markets. We remain posttnfe on equities and believe that Ihe va￿1n8 rolt-out and significant stimulus will Support a recovery in economK growth in the second hair of 2021 and 2022. With yields still 8t low levels relative to history, we remain undeThveKJht bond$ though we maintain an alk)cation for dNer8thcatK)n purpgses as further equity volatility ts likety. We are positi've on altematwes, particularly areas such as infrastructur9 which benefit from stable irtome $tream$ and significant fiscal 5UPPOrt, not least Bid8n's $2 trillion infrastructure spending package. Page11

GGESTON'S HOSPITAL CHARITY TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 15.5 AgricUl￿ra1 Estate and Other Real Estate The largest investment is the agricutiural e$L￿e of almost 5,000 acres and sundry other real estate. Thls investsmenl 18 Subject to the same treatmont a$ the Stocks and Shares Portfolio. No deprecption 1$ made against the in￿lment and its value is informalty rewewed annualty. A full fomial valuation 1$ usually ¢arried out every five years. The last one was carried out for the year ended 31st Decgmbar 2017 by Andrgw Granger and Co, Chart8r8d sur￿or5, who valued the estate investment al £29.500.000. The next fomial valuali)n is due at th8 end of 2022, however an uplfft of £2.000,000 was recognised in 2018 due to the receipt of plannin9 pemission for the Rugby MotoNay Service Area. With adtjilions and disposals during 2019 and 2020 the value used in the financial statements for year ended 31 It December 2020 totals £31,526,797. 16.6.1 Sales and Pu￿has•S and other aGtion$ Duriry 202018nd was disposed in Leicestershire to extend an exlsling farm al ngt proc88ds of £1,483,800. Keeping the Estate's tsnan¢ies organis8d in viablo blocks is always a chaI￿nge aNJ gcrt)d progress was made in this regard in 2020. 15.5.2 Plannlng Pembl$$lon$ Churchov•r area In March 2019 th8 Charity entered into a 99 ye8r lease wth MOTO to devolop the site a$ a MotopNay SoNice Area that opened in April 2021 folltiwng onshe delays due to Covid 19 imp8£t on the cM8truction industry. 16.6.3 Malntsnance Th8 Ag8nts arran99 ggneral maintenarte and insurance on the estate where li remains the landlord's responsibilty. They hav9 Standing instructions that they m*y spend up lo an amount equsl to 100A of rental income Mthout referring back lo the Govemors for Such malntenance. The 10% level is taken over a thre&year rolling programme to allow for the various flLKtuations each year. 15.5A Vlslt Each year the Govern￿8. with their advwrs. W8it either an gxk8ting hohjing or, rf nav land has been purGh88ed, visit to meet any new Ten8nt(s) on the eslale. The usual Vk8il cyd& is about every fve ygars. In 2019 a visit to North Lodge Fami Harlaxton tcok plxe together with a tour of some of the smaller parcels of laNJ in the Vale of Belvoir. There were 15 Govemors logethgr with representatives from the various athsor3 on the ￿81t during 2019. No visit occurred in 2020 due to the impact of COV￿79. 15.6 P•nsioThs Wyggeston's ¢)ffers all ils employ8gS the thance lo join in a pension sdwne under Ihe umbrella of The Pens￿8 TrusL Thoro ar8 parti¢ular areas the G¢)vemors must Consider concerning pensions. The original scheme had an element of capital guarantee and as a group style $Gheme exi$ting members are mulualty liable for èach otherf8 debts. Thera is a polenlial debt on withdrawal and The Pension5 Trust has notff￿d the Charty that the Employgr debt on withdrawal could be in Ihe region of £90,000 (2019.. £90,(XX)J. This would only become payable in the event the Charty had no active members in the Scheme. Secondty The P8nsions Trust have imposed an annual levy ot over £3.000 per annum for the ne>1 slx years to make gc& the current deficit. Thi8 is a requirement by the Pens￿n$ Regulator. The Govemors, therefore, fe81 il prudent to reseNe a sum of £100.ODO against these real and ￿tentia liabilities. This will be mK8wed annually. se8 Note 2910 the Financial Ststements. Page 12

WYGGESTON'S HOSPITAL CHARrrY TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2020 15.7 Grants- Recelv•d During the year the Charity reoeived a grant of £500 from the Duchy of Lancaster whith is used towards Ihe costs of Founders Day. 15.8 Fundvalslng The charty was not Invohed dir￿t￿ or indirectly In any fundrai$ing for its benerrt during 2020 and is unlikgly to undertake any fundraising in the near flrture. The Charty had no fundraising actiMlie8 fwuiTing di8d08ur8 under S162A of the Charrties Aet. 1&9 Subsldlary COM￿nIeS The charity is a s)gle site. single O￿TatIOn entty and does not have any Subsidiar￿5. 15.10 ReseNe8 Poliey Free reseThe8 are Calculat￿ as the general unrestricted funds of the Charity excluding the funds invested in tsngible fixed assets. The Charity had in Ihg unrestricted general fund free reserv68. 7thich excludes tangible fixed a$5ets, negative funds of £2,608.750 at Ihe end of the current year. This is calculated by taking the closing total funds, less permanent endowm8nt, restricted frJnds, tangible fixed assets and designatsd funds. The GoverMr8 consKler that a minimum of six months of the Charty's annual exp8nditure ￿ a reali8ti¢ figure in order to cover risks and unGertainlies. For the year endgd 31 December 2020 this WOU￿ totsl £1.177,957 and thus the free reserves fall OLtsid& this range. The level of free ￿$•￿e5 during the y88r has fallen below the targot set by the Govemor8 largely as 8 resum c the initial ¥tages of the Lanc8#1er House and cottages capitsl project being financed out of existing cash resources, in excess of projected working capltal requirements. On complolion of the prciect in 2021, the GOVer￿T5 intend to manag8 the Charity8 resources wlh a vithv to recovering the le￿ of free reserves over the medium tèm. 1S.11 Extraordinary R•palr Fund IERF} and Cycllcal Mainl8nanc• Fund ICMFI Ther8 ￿re no me4or works fvnded from the ERF during the year. Four fW were upgraded and the external decoration was funded by the CMF during 2020. Other general maintenante items %%er8 alhxated directy to the general repairs and maintenance budget 15.12 Transfers Transfers for 2020 have been m•Je lo Ihe ERF and CMF in the sums of £1¢)).000 £75,000 re6pe¢tivety. Page13

WYGGESTON'S HOSPITAL CHARITY TRUSTEES. REPORT ICONTINUED} FOR THE YEAR ENDED 31 DECEM8ER2020 15.13 Other Funds Th9 Qthor funds are detailed in Note 23 of the financial Stataments. 16. SENIOR STAFF Although Ihe Board of Governors is the kgal entity Y￿th responsibilty for the asset$ and management of thg Charty, day-to4ay management ￿ carri8d out by the senior staff. These are Th& Maslgr (who under tha Tami$ of the Charty Scheme musl be an Ordained Priest in the Church of England) - the Reverend Anthony {Tonyl Leighlon vtho is responsible for tha pastor81 care of the restdents and ony employee or Govemor who seeks hls h91p or guhlance. Rev Leighton's appointment Was extended for 8 further fve years during 2019 wtth the approval of Ihe Govemors, Bishop of Leicester and the Du¢hy of Lancaster. Tho Chief Executive, Chris Jones, is respon8ble for all the day4iAay management of the Charity ?￿d al80 acts as Ctjnpany Secretary and clerk to tho Govemors. Louise Richards, Hea(1 of Care is responsible fe* the care and welfaro of all residents. For remunaration dalails see note 13. The remuneration package for gach empbyee is delemined by reference to exlemal factors such ag c￿rgY pay sc9195 or comparative figures from the press ts $imiLqr positions. Appointments are made following the Standard industry procedure of formal apF4icalion, interyiew and b&kground checks such as references and Enhanced Disclosure and Barring Check. Page 14

WYGGESTON'S HOSPITAL CHARrrY TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2020 17. PROFESSIONAL ADVISORS The profmslonal advlsors of tho Charfty are: Audbtor & knountants Bankers Crowe U.K. LLP Fourth floor Sl Jame8 House Sl James Squar& Chehenham GL50 3PR CAF Bank LNniled PO Box 289 We8t Malling Kent ME19 4TA Land Managing Agents Sollcitors Andrew Granger and Company stoughlon Grange G8rtree Road Leicester LE2 2FB Browne Jxobson LLP Mowbray Fbuse CaS￿e MeadtrN Road Nottingham NG2 1BJ Investmenl Managers Inv8strn8nt Managers Aberde8n Standard Capital B¢)w Bells House 1 Bread Street London EC4M gHH Calen¢￿e Capital Managwnent 1 London Wall Place London EC2Y SAY Indopendenl Financial Advisor5 P9n$ions Advisors (For Investment Managers Review) Crowe Financial Planning UK Ltd Fourth Fl¢)or St James House St Jam88 Square Cheltenham GL50 3PR Mattioli Woods 1 Wak Place Leicestgr LE16RU 18. REGISTERED OFFICE (FOR ALL CORRESPONDENCEI The Admlnl8tratlon 0￿e Wygge5ton$ 160 Hinckl8y Road Leicester LE3 OUX Page 15

GGESTON'S HOSPITAL CHARITY TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2020 19. STATEMENT OF TRUSTEE'S RESPONSIBIUTIES The Trustees are responsible for preparing Ihe Trustees. Annual Report and the financial statements in aC￿rdance ￿th applicable Lgw and United Kingdom Generalty Acc8ptgd Accounting Practice Iunitgd Kingdom A￿Unkn.ng Standardyl. The law appl￿ble to charities in England and Vvales requires the Trustees to prepare financlal sL8ment8 for each financial year which glve a true and fair vithv of th8 slate of affairs of th8 Charty and of the incoming resourc￿ and application of re8ource$ of the Charty for that period. In preparing these financial slalements. the Trustees are requirgd to.. select Suitable ac￿Unting polues and then apply thgm Gon$i$lenlly. observe the melh¢)d$ and prinGiples in the Charities SORP,. make judgments and e$limalgs that are reasonablg and prudent,. state whether applicabb accounting standard8 have b8en fc4knYed, $utied to any msterial dep¥rtures disch)sed and explained in th& financial ststomgnts., and prepare the financial statements on the golng concern basis unkns it is inappropriat8 to pr8sum8 that tho Charitywil continue in bu8ine88. The Tru$t99s aro responsib￿ lor keeping adoquata accounting records that are sufficient lo show and explain the Charills Iransa¢lion$, dI￿10$e wrth reasonable x¢uracy at any tim8 the financial position of the Charity and enable them lo ensure that trbe financial statements compty wth the Charities Act 2011, the Charities {Ac¢ounl$ and Reportsl Regulations 2008 and the provisions of the Chartys constitution. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for tha prev8ntB)n and detection of fraud and other irregularities. 20. OBJECTIVES AND ACHIEVEMENTS In last ye8rfs reviv•V a number of Objectives were set out for 2020. These are Ilsled bebw together wlth our hievements. Commenced work on the new Lancaster House <Cherryka8 site) to developed 14 properties, administration dr￿e$ and c(xnmunty room. coMp￿d the Implementation ofthe Access Staff payrdl syst￿, comp￿ the modemisation of Ex Ma$tgr Hous8 flats a￿1 upgraded 4 Ilaty as required. Refurbi8hmenl of communal corridors and fxilities at Agn68 Hous$. Conts'nued the work of the Looking Ahead Group to consider ¢)ther slrategic opportunities and oversee commencement of thè Cherryleas devek)pment. COmplet￿n of the Wenl%¥orth road. Coalville 18nd s818 to CountrySKle D8v8lopments for Midland Heart Housing GroLtp. The L8nd is lo be developed for affordable housing to meet Ic¢al noed. Core Quality Commission infection control inspection found thg care home to be fulty compliant. 21. OBJECTIVES FOR 2021 Ccnpl•tion of the new LanCa￿ar House and Cottage$ D￿91Cpmgnt prcigct Ccfflpletion of tr* MotoNiay Service Area project at Churchover. Page 16

WYGGESTOWS HOSPITAL CHARrrY TRUSTEES. REPORT ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 Continue to mcdeml8è and upgrade flats in William Hou8e a¥ necessary. Renew and upgrade the hosting system for William House. Recommgnce the Gov9mors visits. Rev￿ the Poltcy and Prcudures Manual to refbcl the Charlty Governance Code asses8ment and update as necessary. Implement the n6wAcGess Care PlannirKJ system In Agnes House. Continue the work of the Looking Ahead Group to ovei8ee the completion of the current proiects and explore opportunibes to develop the ChariV$ adivilies. Page 17

WYGGESTON'S HOSPITAL CHARITY TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2020 On 7 February 2012, the Wygggston'$ Hospitsl Charty bècame a body corp)rate called The Wyggeslon's Hospital and Hosprt81 Branch Trustee, company number 7718817. With effect fr¢)m that date. The Wyggeston's Hospftal and Hospital Branch Tru51ee became goveming l￿dY of the Charity. The minimum number of directors is six and the maximum number is 20 made up of one Ex￿ffiG￿ It￿ MasleT for the time being) len Co-opted and nine nominated by extemal bodies. Detailed boh)w are the directors of The Wyggeslon's Hospital and Hosixtal Branch Trustee who $eNed in office during the year. NAME COMMITTEE{S}' APPOINTED EXPIRES Honorary (no votlng wlghts) The Lord Mayor of the Cty of Leieester for the time being O D Lucas Annual appolntmenl. 2017 nla Cw)pied110) {Tèmi of 7 Years} Mrs S V Hubngr J K McLauchLqn RLp￿ce Mrs E M Bamford Mrs A Br(Iwn Mrs T M Phillips Mrs S R PLMell Dr R P Archer MrDWLax Vacancy x 1 EEXFHLAR AEExFF$R EFR HLAR {Ch of House) Ich of Estate) (V Ch of Estate) IV Ch of House) 1983 26.￿.24 1993 25.¢y2.28 2007 24.¢X.21 2016 21.C6.23 2018 21.C6.23 2016 21.C6.23 1996 21.02.24 2018 27.02.25 2019 01.02.26 AEEXFFSHLAR (Ch of Board) AEFF8LAR (V Ch of FinanGe) Ex4Th1clo111 Master of th8 Hospiial ITerm of 5 years) Rev'd A R Lwghlon EEXFFSHLAR 2019 01.11.24 Nomlnated191 ITemi of S Years) Appolnt•d By Leic•stèr Clty Councll (4 Dr S Barton W G Ginns Vacancy x 2 Re nominated 2019 Re nominated 2020 2014 30.05.24 2005 16.03.25 Appolnted By Lel¢•stgrshlTe County Council Educatlon Commmtee {2) P Osbome P P05nett EFF$LARA (Ch of Fina￿e) 2017 01.10.22 2018 11.03.23 Appolnted By Lelc•storshlro County Councll Soclal Servlco9 Commlttsg (21 MBPage J W Royce EFFSALAR EFLA Passed away 21.04.21 2001 2001 27.06.21 Appolnted By Lelcester Clty NHS Prlmary Care Tru8t11} O J Saunders AEEXFFSLAR IVChofBoard) 2009 14.05.24 Page 18

WYGGESTONE HOSHTAL CHARITY TRUSTEES. REPORT {cowfiNUEDI FOR THE YEAR ENDED 31 DECEMBER 2020 'Committ￿$.. A x Audrt Fs- Finance Sub E - Estatg Ex- ExgGUtive H- H¢xTr$e and Grants LA- Looking Ah8• F = Finance R = Revithv Ch = Chaimlan Vch = Vice Chalmian All correspondence lo Ihe Governors $houkl be addr06sed through Ihg Registeréd office. The Charity a180 operates under the name Wyggeston's Hospital Charity. _04.21 Sandra R Powell Chairman of the Directrx8 of Wygge$lon'$ Hospital and H08Pital Branch TTr￿tee Page 19

WYGGESTOTrI8 H08PITAL CHARITY INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF WYGGESTON'S HOSPITAL CPIARITY Oplnlon We have audited the firtÉnci81 statements of Wyggeston's Hospital Charity {the 'charitY) for the year ended 31 Decgnber 2020 which comprise the Statement of Financial Activrties, the Ba￿nce Sheet. the Sts18menl of Cash Flows and the related notes. including a summary of SIgnrf￿8nI accounting pdicies. The finan¢tal reporting framework that ha$ been applied in their preparation Is applicable law and United Kingdom Accounting Standards. I￿luding Financial Reporting Standard 102 'The Financial Rerorhng Standard applkable In the UK and Republic of Ireland. IUn(ted Kingdom Generalty Acceptsd Accounting Proclicel. In our opinion th& financkll $temenl$'. give a true and fair view of the 8Lè of the charitys affairs as at 31 December 2020 and of its incoming resources and appli￿￿0n of resources for the year then ended.. have been property prepared In Bttordance with Unitèj Kingdom Generalty Accepted Accounting Prxtv., and have been prepared in accordance with thè requirements of the Charthgs Act 2011. Basis for oplnlon Wg conducted our aud(t in accordance wlh Inlemation81 Slandards on Auditing IUKI IISA5 (UKII and rypliGable law. Our responsft)ilities under those Standards are further described in the Auditofs respons*)11￿.es for the audrt of the financial statements section of our report. We are independent of the Charity in accorfjance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including th& Financial Reporting Council'5 Ethical Star￿ard, and we have fvlfilled our other ethical responsknilities in accordarKe with these requirements. We believe that the audit evidence we have obtained 1$ $urrKient and appropriate to provide a basis for our opinion. Concluslons relatlng to golng conc•rn In auditing the finanGkwI Statements. we have Conc￿de{l that the Trustges, use of tho going ¢oncem basis of accounting in the preparalion of the finanoial $tatwnefits is 4)propriate. Based cfi the work we have perforned, we have not identified any malerkgl uncertainties relaliro to events OT conditions that. individually or Col￿r￿ty, may cast signrficant doubt on the charitys ability to continua as a going oncern for a period of at lèa81 ￿le1ve month8 from when the finarKial slatem8nt6 are authorfsed for issue. Our responsibilities and the responsibilrt195 of the Trustees Yilh respect to going concem arg de5¢ribed in Ihg relevant sections of this report. Page 20

WfGGesTON'S HOSPITAL CHARITY INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF WfGGESTON'S HosprrAL CHARITY (CONTINUED) Othèr Infomiatlon Thg Twstee$ are wponsible for the other information. The other inf0mat￿)n comprises the information includ& In the Annual report. other than the financAI statements and our AuditoV8 report tr)ere¢￿. Our opinion on the financkql statements does not cover the other infomation and we th not express any fom of as$urance concluS￿A ther￿￿. In GonneGti¢n with our audr( of the financkgl stslomerrts, our re¥ponsibilty is to read the other infomialion arKI, in doing 50, consider whether the other information is malerialty in￿nsistenI with the financial statements or our kno￿edge oblalned in the audit or olhemise appears to be materkglly misstated. If we identrfy such materi81 inconsistencies or apparent material misstatemènts. wa are required to determine whether there its a material missL*emenl In the financial statements or a material misstatemont of thg other infomiotion. If. based on tho work we have performed. we conclude that thorg 1$ a material misstatement of this othgr inft)rmalion, V•P a requirod to report that fact. We havg Th)thing lo report in this ￿ard. Maltern on whlch w• ar• r•quir•d to report by excepdon We have rKJthing to rgport in respect of the foll0v￿￿9 matter¥ where the Charities IArwunts and Rep¢ytsl Regulations 2008 requires u8 lo report to you rf, in our opinion.. the infomiation gNen in the Tru$tees' report 18 inconsistent in any matenal respect with the financial 8latemants,' or sufficient accounting iecords have not been kept,. or the financi81 stat￿entS are not in agreemant wth the accounting records and retum8.' or have not receNed all the infomation and explanation8 we require for our audfl. R•sponslb511tl88 of Trustees As gxplained more fulty in the Truslees, responsibilitigs slatemont sel out on page 16, the Trustees are responsible for the preparalkjn of the financial st8tement8 and for being satisf￿d that they give 8 true and fair ew, and for such inlemal contrd 83 the Trustees detemine is necessary to enable the preparation of financial statements that are free from material mi88tat6mént. whethèr due to fraud or error. In preparfng the financial statements, the Trustees are responsible for assessing the chanvs abilty lo ¢ontinue as a going concern, disclosing. as applubje, matters related lo golng concem and using the going concern basis of accounting unless the Trustees eittier intend lo liquidate the eharty or to cease operations, or have r realistic aMemalNe but to do so. Page 21

WYGGESTON'S HOSPITAL CHARITY INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF WYGGESTONE HOSPITAL CHARrrY {CONTINUEDI AudIt0￿3 responslbllltles for the audlt of the flnanclal 8talemonts We have begn appointed a5 ouditor uThJer section 144 of the Charlues Act 2011 and reFort In ac¢ord8nce wlth Ihe Act and relevant regulations made or having effect thereunder. Our objectives are tc) obtain reasonable assurwce about whether the financial slalements as a vthole are free from material misslalement, whether due to fraud or error, and to issue an Auditorfs report that includes our cpinion. Reasonable assurance is a high ￿Ve1 of assurance. bLrt is not a guarantee that an audit conducted in cwdancfr vith ISAS (UK) will athys detsGt a material misstatement when 6t exists. Misstatements can arise from fraud 01 error and are con6Klered material rf, Individual￿ or in the aggregate, they Could T8asonabty be oxpected lo influence the eCor￿M￿ decis￿n6 of u$er8 taken on thg bosi$ of these finoncwl Statements. Detsils of the extent to which the audit was considered capable of detecting fraud and irregularitie8. Induding fraud and non-compliance W￿¢h laws and regulakn.0￿ are Sd out b61ow. A further descript￿ of our responsibilitses for the audit of the financial $latements is lo¢ed on the Financial Reporting Coundf8 webslte at.. vwM.frc.or .uklaudiiorsres nsibilthe5. This descriplion fomis part of our Auditorfs report. Ext•nt to whl¢h the audlt was consldorgd capabl• of d8¢￿ting irregulariti85, including fr•ud Irregularthes, induding fraLfrd, 8re instances of non<omplkgnce with law8 and regulations. We KIentffj￿ and assessed the risk$ of material misstatement cl the financial statements from irregularities, whether due lo fraud or error. and discussed these between our audit team members. We then designed and performed audtt procedures responsive to those risks, includirrfJ obtaining audit ev￿￿ence $4rffi¢Ent and appropriate to provide a basis for our opinion. We obtained on understanding of the legal and reg￿latOry framewovk8 Imlhln Ihe Charty operates, focusing on those laws and regulations that have a dir￿1 effect on the determination of mrial amounts and disclosurès in the financhql slalements. The laws and reguL9tions we consKlefed in this context were the char￿e¥ AGI 2011 and the Chariti88 SORP {FRS 102). We assesse(l the required compliance with these laws and regulation5 as part of our audit pr￿ed￿re5 on thg related financial statement items. In addrtion. we considered provisions of other laws and regulations that do not have a direct effect on the financial statement8 but complk8nce wlh which might be fundamental to the Charity's ability to cFerate OT to avohl a material penalty. We also consider8d the opportunit￿8 and incentives that may exist within the Charity for fraud. Audrting standards limrt the required audit procedurgs to identty non-compliance wrth those laws gnd rggulations to enquiry of the Trustees and other management and inspectM of regulatory and legal Corrospondence, if any. We identified the greatest risk of material impact on the financial statements from INegularhles, Including fraud. to be the override of controls by management and income recognition. Our audit procedure5 to respond lo these risks included enquiries of management about their own KlenlIf￿ation and a5S8ssment of the risks of ivTegularrties, sample testing on the posting ot jouma18. rewewing accounting èstimat&s for biases, reviewing r&3ulatory corr8spondence including that the Charrty Commission, desigining audit prc¢edure8 to revthv the rwnition of income and reading minutes of meglings of tho$e chargad with gov8fflanc8. I￿Ing to the inherent limitations of an audrt, there is an unavoidable risk that we may not have detected some material mis$latements in the finaneial stslements. even though we have propety planned and performed our audit in accordance wrth auditin9 standards. For example. the further removed non-compliance wrth Laws and regulatbns {irregularities} is from the events and transactions refflected in the finonciol statements, the less likely the inherentty limited pr¢￿edUreS required by aud￿n9 standards woubj ￿￿entify L In gddition, as wlh any audit, Page 22

WYGGESTON'S HOSPITAL CHARITY

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF WYGGESTON'S HOSPITAL CHARITY (CONTINUED)

there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non­ compliance and cannot be expected to detect non-compliance with all laws and regulations.

These inherent limitations are particularly significant in the case of misstatement resulting from fraud as this may involve sophisticated schemes designed to avoid detection, including deliberate failure to record transactions, collusion or the provision of intentional misrepresentations.

Use of our report

This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the Charity's Trustees those matters we are required to state to them in an Auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charity and its Trustees, as a body, for our audit work, for this report, or for the opinions we have formed.

Crowe U.K. LLP Statutory Auditor

St James House St James Square Cheltenham GLSO 3PR

Date: 27 September 2021

Crowe U.K. LLP are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.

Page 23

WYGGESTON'S HOSPITAL CHARITY STATEMENT OF FINANCIAL ACTivrriES FOR THE YEAR ENDED 31 DECEMBER 2020 unr￿trIcted funds 2020 Res1r1ct￿ Endowmonl funds nds 2020 2020 Total funds 2020 Total lunds {rgstated) 2019 Not Income from: Donations Charitable actrvities Investsnenls Other income 2,056 1,396,376 871,198 116,218 1, 166 1,420,894 970,721 1.395.376 871.198 115,218 Total Incom• Expendlturn on: Ralslng fund8'. Investment mana9erf8 fees Estate expenditLEre Ch8riiable actiwties 2,383,848 2,384.348 2,392,781 55,380 55,380 231,007 2.069.626 45,963 231,007 1058,334 214.692 1,913,948 600 10.692 Totsl •xpendlture l289.341 500 66,072 2,366,913 2, 174,603 Nét Incomollexponflituro) beloTe net {loMe$ygaln$ on invostments 94,507 166,072) 28N35 218, 178 Net Ilouesygain8 on inve$trm9nts 16,17 1349,0851 (349,085) 1.229.587 incomd(expendlturn) Transfers belween funds 94,507 {415,1571 {320.050) 7,447,765 23 (1.411.330) IN11,330 N•t mov•fflgnt in funds Reconclllatlon of funds: {1,316,823} 996.173 1320.650 1,447, 765 23 T¢)tsl funds brought forward las restated) Net movement in fund8 6,294.632 11,316,823) 3,320 40.879,961 996.173 47,177,903 1320.650) 45.730. 138 1,447,765 Total fund8 earrled forward 4.977,809 3,320 41,876.124 46.857,253 47,1T7,903 The notes on pag88 2710 49 form part ot these finarKial $tatements. Pag8 24

WYGGESTON'S HOSPITAL CHARrrY BALANCE SHEEr AS AT 31 DECEMBER 2020 2019 (rnststthy) 2020 Note Fixod assets Tangible assets Listed investrmenls Inve8tmenl propety 15 6.020,389 10,613,396 31,526,797 4,025,809 10,481.661 33,644,34T 16 17 48,160,582 48, 151,817 Currnnl assets Debtors Cash at bank and in hand 18 206,741 1A76W2 617,046 1,251,628 1.683.583 1.868.674 Croditors.. amounts falling due vAthin one y¢ar 19 1690.812) (422,285) Net Cunent •S$0ts 1,092.771 1.446.389 Total assets1os$ current Ilabllltles 49,263.353 49,594206 Creditors: amount$ folling due after more than one year 20 {2.396.100} (2.420,303J Totsl net assots 46057.253 47. 177,903 Chartty fvnds Endowment funds Restricted funds Unrestricted fundy 23 23 23 41,876,124 3.320 4,977.809 40,879,951 3.320 6,294.632 Total fund$ 46,851.253 47,777,903 The fmanc slalements approvgd and authori$￿ for issue by the Tru8tee8 on and signed on their behalf ty.. Sandra R P¢)well Chaimian of the Dlrectors of Wygge8ton's Hospital aTrJ Hospital Branch Trustee The notes on pa￿S 27 to 49 form part of thes8 finar￿la1 statements. Page 25

WYGGESTON'S HOSPITAL CHARITY STATEMENT OF CASH FLOWS FOR THE YEAR ENOED 31 DECEMBER 2020 2019 (restated) 2020 Note Cash flows opèrntlng activitios Net cash lusgd in) I prowded by operating aclimb'es 25 (683,4311 1.989,190 Cash flows fr¢m Investlng actlyltles Dmdends, interes18 and rents from investrnenls Purchasg of tangible fixed assets Proceeds from sal8 of invg$1mgnl$ Purchase of investments Addf(ion5 to investment properties Proceeds on disposal of invgstmenl properties lth)vements in investment cash 871.198 943,653 11,897,123) (550,035) 2.716.279 1,503,050 {2.043.0851 (2, 172,863) (1. 727,896) 1A63,800 {267.4431 N•t c4¥h provid•d byllu$ed In) Inve8tlng actlvltlos 843,626 12,004,091) Chango In cash and c•8h oqulvalents In tho yoar Cash and cash equivalents at the beginning of the year 160.195 {14.901} 1,331,548 1,316,647 Ca8h and ca8h equ5valents at the end of thg ygar 26 1.478.842 1.316,647 Tho notes pages 27 to 49 fomi part of these financial statgmanls Pagg 26

WYGGESTON'S HosprrAL CHARrrf NOTES TO THE FINANCIAL STATEMeKrs FOR THE YEAR ENDED 31 DECEMBER 2020 G•n•rnl Inforn)atlon gg6ston's Hc6pital Charrty is a registered Charity with the Charities ComMiss￿n In England & Walgs (registered number 2168731. The official name of the Charty is Hosprtal of William Wyggeston the Hospital Branch. The address cf 11$ registered office is 160 Hinckley Road. Lelcester, LE3 OUX. Accountlng pollcles 2.1 of preparatlon of flnanclal 8tatements The financial statements have been prepareA in xcordance Accounting and Reporting by cher￿es.. Slatanent of Recommended Practice applicle lo charities preparing th￿r accounts in accordance wrth the Financial Roporting Standard applicable in the UK and Republic of Ireland IFRS 102} leffertive 1 January 2019) and the Financial Reporting Standard applicable in the UK and Ropublic of Ireland IFRS 102} and Chartties Act 2011. The financial slalements have been prepared under the historKal cost convention and in accorda￿e with appI￿ab￿ accountin9 Standards modrfied lo irKlude revaluation of fwed asset Inv88trnents and estate land and buildings to market value. Wyggeston's Ho8pitsI Charity meets the definllkin of a publi¢ benefit entity under FRS 102. 2.2 Golng concem At the lime of apprcwgl, the Cowd-19 viru8 continu88 to devebp and is dgsignated a global pandemi by the WorkJ Health Organksation. Both short temi and bng temi effects of the escalating Situation are unknown bul the Tnjslees ￿fttinue lo closety mcfflrtor the situation. The Trusl8es have asse668d the inpacl of Covi&19 on its operations thu8 far and this has mostly limited lo the level of income from dividends, %thi¢h is dependent ¢M the perfomance of listed investrnents. The 2021r22 budgets and forecasts have been drawn up and amended with con$Jer*ion for the ongoing impact of Covid-19 along wlh planned capitsl projects. The budgets and forècasts contain a numtor of assumptions and these have been assessed to consider the sensitivity of the projttted perfom)ance. Furthermore, Ihg Charity has securgj a mgJium-lerm loan facility of Q.2m for the purpose of financing thè rémaindor of thg Lan¢a$ler House and cottage$ capital prc4ect In 2021. thus alh)wing recurring incoming cash resources lo be made avaiLqble for operation81 expenditure need$. On review of these documents. the Trustees believe that the Charitys financh4 resources aThJ conting8n¢y plannirvJ is sufficient lo ensure the abilty of the Charity to conllnue as o going concern for 12 months from Ihe point of Bigning and therefor8 the financial stslements have been prep8r&l on this basis. Page 27

WYGGESTON'S HOSPITAL CHARI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 Gounling policles Icontlnu•dl 2.3 Income Estat8 income includes rents recer¥able on all of the Char￿5 prcperties, which are managed under an agreement %there rents are collected on behalf of the Charity by an Estate Manager. The properties are rentwl on an annual rolling basis. with the exception of the M)to lease which is on a 99 year lease. E5tats rents and weèkly mainlenanee charges are accounted for on a reGeivable basis or when the Charty has entrtlemenl to recognise inwne. Rasidency charges ccfftprise amounts receivable for both William House and Agnes House. Incorne is reccgni5ed on a rece￿ab￿S basis or when the Charity has entitlement. Donations are recognised on receipt. Income from investments Ss included in the Statemgnl ot Financia Actwities onty rf Teceived, or dgclared and receivable. Gains or arising from the revaIL￿tIon of investments are rgccgni$ed ) the Stat￿ent of Financial Actmtws. 2A Expendhure Expendtture on Raising Fund8 compri$e those costs directty attributabk to managing the pem)anenlly endowed investment portfolio and are Gharged a9airbSt the assets of the fund. Chariiable ActNrties ¢omprise$ all expendtturo incurred direw relaliNJ lo the objects of the Ch8rty. Grants p8yable includes payment8 made to Indi￿dual6 and Wyggeston's School Foundation as 88t by the Trust Deed. See Note 8 for addilb)nal grants made to institutions during the year. Governance costs are those associal¢d with constrtutional and statutory requiramonts and are included within Charitable Actwities. All costs have been allocated lo the category of ex￿dIture to which they are dirtttty attrbutable. All ex￿ndituTe Is Incluslve of Irrecoverable VAT. 2.5 Gov•rnment gr4nts G¢)vernment grants relating to tangble fixed asse18 are ITeated as deferred income and ￿eaSed to Ihe Slalement of financk81 activities over the expected useful livfrs of the assets concemed. Other grants are credited to the Slalemenl of financial acllvilles as the related expenditur&1s incuffed. 2.6 T•ngibh fixed a$￿ts and d•prgcialion Tangib￿ r￿ed assets costing £5.000 or more are capitalised and recognised when fvlure econom benefits are probable and the eost or value of the a88et can b8 measured reliably. Tangible fixe¢i assets are inilialty recognised at cosL After T￿OgnitiOn. under the Gosl model, tangrble fixed a$$ets ore measured at cost ￿$$ accumul*e<l dopro¢ialion and any accumulated impaimienl sse$. All ¢¢)sts incurred to bring a tangible fwl asset into its intendgj s5￿￿1n9 condition $houkl be included in the meosuremenl of cost. Page 28

WYGGESTON'S HOSPITAL CHARITY NOTES TO THE FINANCIAL STATEMEwrs FOR THE YEAR ENDED 310ECEMBER 2020 Accounting polici8s {continugd} 2.6 Tanglblo flxed a8￿8 And depveclatlon {contlnuedl Depreciation is charged so a5 to allocata the cost of 18ngiblg fixed assets les8 their re8ldual value ovèr thèir estimated u8¢fiJl live5, . Depr8ciation is prwded on the follvmng basig: Hospital buildings Fixtures and fth"ng$ 2.0% Straight line 5_ 20•h Straight line No depreciation has been applied to assets in the course of construd￿n. 2.7 Investments Quoted investments ar8 revalued and inc￿￿ed in the financial statements at their market Value at the Balan¢8 Sheet tJate. Estate land and buildings are treated a8 investment propertie5 and consequently depreciat￿n is prowded. Gains or losses arlsing from the revaluation of investrnants are r￿Qgnised in thé Statement af Fina￿la1 A¢tiwlies. 18 Debto Trade debtors and acGru&J income are rwnised at the settkn)ent ￿¢)Unt due and prepaYT￿nts are valued at the amounl prepai 19 Ca8h at bank and In hand Cash18 r6pr6sont8d by ¢a$h in hand and deposts with financial in8titulions. 2.10 Cr￿lI0r$ Creditors are recogni8èJ where the Charity has a present obligation resulting from a pasl event that 11 probabty result in the transfer of funds to a third party and the amount due lo settl& the oblvJ8tion can be measured or estimed reliably. Credrtors are measur&J at tha Settlement amount due. 2.11 Finandal Instruments The Charity onty ha8 flnanci81 a￿ets and fwncial liabilities of a kind that qualify as basic financial instruments. Financial assets measur•J at fair value comprise of quoted investsments. Financial assets maasured at settlement valu& comprise of cash, trade debtors and accrued inc(ne. Finarrial liabilibes measure<l at Sett￿ment value comprise of trade creditors, ￿NalS and other creditors. Page 29

WYGGESTON'S HosprrAL CHARITY NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 DECEMBER 2020 Accountlng poli¢ies {¢ontlnued) 2.12 Operntlng l•ase$ Rèntal income due lo Wyggeston's H05pI'lal Charity, applicable to opwating leases, where Substantial￿ all of the benefits antl risks of ownership remain wlh the Charity are credited lo the Statement of Financial Actmties over the lease term. Leasa incentNe$ represent lease premium received in advance by the ￿SOr. the 8ggregale benefit of bthich 1$ recognised over the life of the lease. 2.13 Penslon$ The Charity operates a defined contribution Scheme open lo all employe88. Contributions are charged lo the Statement of Financial Activrtie¥ a8 incurred. See Note 29 for further details. 2.14 Corporatlon tax As a registered Charity, Wyggoston's Hospital 1$ enlltled to tsx exemption on all ils incom? and gains, propety aPpl￿d for ils charitable purpos•s. 2.16 Fund accountlng Pormanent endwnent funds are funds thg Gov8rnor5 are required to hold capital. mainly represented by investrnents, and are not enlrtled to spend them. Income arising from these funds represents unre$lrieled ine¢)me. See Note 23 to the financial statements. Designalad fund8 comprise of General Fund$. which have been set aside al the discretion of the Govèmors for Specrfic p￿￿o$e$. Sge Not8 23 to the financial stalemenls. Restriclod funds are Subject to specific Conditio￿ by donors 8$ to they may be used. The purposes ané uses of the rgstricled funds are sel out in the notes to the financtal stslements. See Note 23 to the financial statements. Grltlcal accountlng ostlmatss •nd ar￿ of Judgement Estimates and judgements are ¢ontinualty évaluated and are based on historical experien¢e and other factors, including expectations of future events that are believed to be reasonable under the circLKn$lances. The ftems in the financial statements where estimates and judgaments have been made inc4ude the following-. Crth¢al accounllng estimates and assumption5'. DepreGiatK)n pollcw are sglthd by the Charity to dgpreciate the asset over its useful economic life. An assumption 18 made on the life of each class gf asset. The value of investment property is based upon a valuation provided by an indepermlent expert, Andrpw Granger and Company. Th* gXP8rt hokjs a recognised and relevant Qltalrfication and has a Suitable ￿Ve1 of eXper￿nCe within the area and with the classes of prope￿e5 as h8kJ by Wygg&ston's Hospital Charty. Plea8& See note 17 for the value ol investment propety as at 31 Decembgr 2020. The Trustees have also asse8sed the nee(1 for an impaimient of prop￿￿08 hekl and have confirmed that none was deemed necessary. Page 30

WYGGESTON'S HOSPITAL CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 In¢ome from ¢h•ritabl• actlvlties unr￿trIcted funds 2020 Total funds 2020 Tolal funds 2079 ReSId8n￿ charggs Catering Laundry Sundry 1,362,646 15,923 1.387 15.420 1.362.646 15,923 1.387 1442Q 1.395,813 t3,8T9 1,528 9.674 Total 2020 1,395,376 1,395R76 1,420,894 Tot&1 2019 1.420,894 1,420,894 Imltslment In¢om• Unréstricted funds 2020 Total funds 2020 Tol funds 2079 Rents receivable Olhor estate income Owidends from UK investments DNidends from overseas investments Interèst r&eNablo 611,368 5,215 172,147 80.889 1,579 611.368 S,215 172.147 80.889 1.679 614948 11,069 253.tX)2 88.935 1,767 Total 2020 871,198 871,198 970, 721 Tot812019 970,721 970,721 Page 31

WYGGE8TON'S HOSPITAL CHARrr NOTES TO THE HNANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 Oth?r In¢oming resourcès Unr•5trfcted funds 2020 Totsl fund8 2020 fvnds 2019 HMRC Job Retention Scheme L￿￿ter Cty Council grants 55.746 59.472 55.746 59072 Total 2020 115.218 115.218 Expgnditur• on rnlslng funds Estat• oxpendlture UnroStrict•d funds 2020 Total funds 2020 Total 2Q19 Repairs Agent's commi8stin Legal and professional fees I￿uranCe Rates Quincentenary costs 32,636 71.174 90.875 18,596 15,426 2,500 32,036 71.174 90,675 18,596 15A26 34,906 77.648 16,957 5,637 Total 2020 231,007 231,007 214,692 Tof812019 214,692 214,692 Pag8 32

WYGGESTON'S HOSPITAL CHARITY NOTE8 TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 Anatysh ol grants Grants to In8tltutlon8 2020 Totsl fund¥ 2020 Total funds 2019 Grants for the Relief of Needy Poor Grants. Wyggeston School FOundat￿n 40.040 10,000 40.040 10.000 40,390 10.000 50,040 50,040 ,390 The Charity has made the following materid grants to institLrtions dudng thg year.. 2020 2019 Nom• of Instltutlon Wyggeston Sch¢)ol Foundation Leicester Charity Link Bridge prtiect other charitablo grsnts 10,000 25.000 15.000 io,oao 25000 15,000 $0.040 Analys￿ of expendlthr• on charitablg #Gtivities Summary by fund typ• Tot81 Unrnstrlcted Restrlcted Endowment funds funds funds 2020 2020 2020 Total fund# 2020 (rest8t8dJ 2019 Hospitsl Relief of n8edy poor Wyggeston Schoc4 Foundation GovernanGe 1,971,551 40.040 10,000 36,743 10,692 1.982,743 1.821.178 40,390 10,000 42.380 10,1)00 36.743 Total 2020 2,058,334 10,692 2,069,526 1,913,948 Tot812019 (r&slated) 1,889.576 13,680 10,692 1,913,948 Page 33

WIGGESTON'S HOSPITAL CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 Anatysis of wxpenditurg on eharttable actlvltles Icontlnu•d) Summary by eX￿ndItUre typo Total funds (r&stated) 2019 Total funds 2020 Staff costs D•proctstSon Other costs 2020 2020 2020 Hosprtal Relief of needy poor Wyggestcfi Schoc4 Foundation Gov8rnance 1,201.977 176,270 604.496 40.040 10.000 21.921 1,982.743 1,827, 178 40,390 10.OLXI 42,380 10.000 36.743 14.822 Total 2020 1,216,799 176.270 676,457 2.069,626 1,913,948 Totsl 2019 (fftsteéed) 1,058,432 182,373 673,203 1.913,948 10. Anatysis of oxpgnditure by actlvltle8 Adiviti•s undertaken dlrectly 2020 Grnnt funding of actlvltles 2020 Total nds (restat8dJ 2019 Total fund¥ 2020 Hospital Relief of needy poor Wygg9Ston S¢hod Foundation Govemance 1.982,743 1.981743 1,821,178 40.390 10,LIJO 42,380 40.040 10,000 10.000 36.743 36,743 Total 2020 2,019,486 50.040 2,069.526 1,913,948 Total 2019 (r&sl8ted) 1.863,558 50,390 1,913,948 Paga 34

WYGGESTON'S HOSPITAL CHARITY NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 DECEMBER 2020 10. Anatysis of exponditur• by aclivities (continuod) Alw1￿15 of dir•Gt ¢oats Totsl funds (reslalgd) 2019 Total funds 2020 Staff Msts Depreciqtion Other staff costs Repairs, replacements and maintenance Heating, electrtcty and cleaning Rates and insurance F¢)od and drink Telephone Printing, p08tage and slatiorery 1,216,799 176.270 18.420 202,401 141,991 62.353 54.086 4.677 28.986 1.058,432 182,313 17,610 248,067 120,466 53,596 5T.956 3.933 24428 k 11 R6sid8nls' 8nt8rtainmeDt Travelling expenses Subscriptlo Sundry expenses Lag81 arKI professional fees Audit and accountsncy fees Nowud¢t fees Govemors, dinner Est*e vi8it 9,032 8.109 11,894 22.988 31.114 23,619 6,747 21,977 2,908 10, 718 16,440 T,517 12,240 1.824 Total 2020 2.019.486 1,863.558 Page 35

WYGGESTON'S HOSPITAL CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 11. Gov•man¢• ￿$ts 2020 2019 Wages and salari National insurance Pgnsign costs Audrt an¢J accountsnGy fees Non-audil fees Postage and statK•nery Governors, dinner Eslale vis Sundry 13,438 873 511 14,174 11312 865 506 16,075 4,589 3.478 1.824 3,364 337 231 36,743 42,380 12. Audltorf8 remuneratlon The auditor's remuneration amounts lo an audiloT foe of £18,070 (2019 - £18,500). and accounts prepar*on and other seNees fees of £8,275 (2019- £10,200). 13. Staff costs 2020 2019 Wages and salaries Socwl securty ¢osts Contribthion lo defimd conlribulion penslon s¢hemes 1,094.326 82,039 40.436 961.921 58,310 38.201 1,216,799 1,058,432 The average number of pgrsons employed ty the Charty during the year was as follows.. 2020 No. 2019 No. Full time employees Part time employees io 49 Pag8 36

IIVYGGESTON'S HosprrAL CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 13. Stsff costs Icontlnued) The number of empl¢wees whogè émpl(y8e Ixn8fts (excluding employer pgnsion costs) exceeded £60,000 was.. 2020 2019 No. In thè band £60.W1- £70,￿0 The key management personnel of the Charity are the CEO and C8re Manager. Their 4gregate remuneration including employer's Nl and ernpioyerfs pension Gontribution8 lotslled £128.881 (2019- £110,246) f￿ the year. 14. Trusteos. remuneratlon and gxpgn8•8 During the ￿r, one or more Trustees has been paid rernunerath￿ or has recerved other Eenefts fwi an employment with the Charty. The value of Trustees, remuneration and other benefts was as folbws.. 2020 2019 Revd A R Leighton Remuneration Pension contribukn'ons paid Other benefrtts 30,108 2,752 2,000 29,513 2,698 Durin9 th& year ended 31 December 2020. expenses totall1￿j £227 were reimbursed or paid direclty lo 4 Tru$t¢es (2019- £915 10 4 Tn￿lees) for travdfing and Govamor events. Page 37

WYOGESTON'S HOSPITAL CHARrrY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 1S. Tangiblo fix•d assets Assets Freehold Flxtur•s and undgr property ffttlng8 constructlon Total Cost At 1 January 2020 Additions Transfers befvRen claGses 4,201.371 11,224 437,754 2.965.7B9 62.880 443,210 1.979,196 1320.204) 7,610,376 2.053.300 117.560 At 31 December 2020 4.650.349 3.028.669 2,101208 9,781,226 Dopmclatlon At 1 January 2020 {aF restated) Charge for the year 1 A87.294 52.589 2,097,273 123.681 3,584.567 176,270 Al 31 D9comb8r 2020 1,539.883 2,220,954 3.760.837 Not book valu• At 31 December 2020 3,110A68 807,715 2,102,208 6,020,389 Al 31 December 2019 (as rgStal8dJ 2, 714,077 868,516 443,216 4,025,809 16. Fixed assèt Inve8tm•nts Ll$t•d Investments Valuatlon Al 1 January 2020 Addthon$ Movements in cash held with brokers Disposalg Net gains on investments 10.481.661 2,043.08S 202.424 12,300.8891 187.116 At 31 December 2020 10.613,396 Page 38

WYGGESTON'S HOSPITAL CHARITY NOTES TO THE FINANCIAL STATEMEp¥rs FOR THE YEAR ENDED 31 DECEMBER 2020 17. Inv•¥lmont property E$t•t• Lond and Buildlngs Valuatlon At 1 January 2020 Di8PO8al Prc￿e&￿S Loss on disposal Transfers beh¥een classes 33,W,347 11,463.8lXITr 1536.200} 1117.550 Al 31 December 2020 31.526,797 It Is not practkal to disclose the historical c08t of the Estate Land and Buiklings. This 18 because the majority ofthe Land and Buildings were acquired when the Charty was founded over 500 years ago. The Estates Land and Buildings were formalty valued al 31 December 2017 to £29,500,000 by an independent specialist, Andrew Granger and Company. Subsequenuy a number of addilK)n8 and disposals have been made, and there was a further £2 million increase in the valuation. The resutting total market value of the Estates Land and Buildings at 31 December 2020 is £31,526.797. Thè Trust8e3 have concluded that no impamenl of estate assets 1$ deemed neGessary. All of the investment wwties are located within the United Kingdom. 18. D•btorè 2019 (restsl8dJ 2020 Trad8 debtors other deblL)rs Prepayments and 8LcnAed income 112.378 6,216 88,148 104, 182 422,088 90, T76 206,741 617.046 Page 39

WYGGESTON'S HOSPITAL CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 19. cr￿ltors. Amounts falling du• T6th1n on• y•ar 2020 2079 Trade creditors Othgr tsxatKn and social security MOTO leaso premium other creditors AccNal$ Def8rr8d income 286.644 11.050 48,900 37,081 131.829 75.708 207,557 t3,096 24,697 35,925 85,876 55. 134 590.812 422,285 The daferred inccme Telales lo estsle income recelved in the perlod which will b8 rKwnised li the followng financial ye8r. In Ma￿h 2019 Wyggeston's Hospital Charity gnlered into a 99 year lease wtth MOTO to develop land owned by the Charty as a Molomay Service Area. The lease premium of £2.5m. kss directty attributable costs of £55k. wll be rel8ased to the SOFA over the duration of the lease and in line with rental payments (see Note 301. The8e payments begin on the earlier date of.. 22 March 2022 or the date on which the property first opens for trade to the general public. Tho propety oponed on 30 April 2021. Crèditors: Amounts falllng due aft•r more than one year 2020 2019 MOTO lease premium 2.3￿.100 2,420,303 Incomo WHI b• r¢le•sed as follow8: 2020 2019 Withln year One to years Two to five yea More than fve years 24.697 24.697 74,091 2.321,515 142.265 2,205N39 2.445.000 2,445,GQO Page 40

WYGGESTON'S HOSPITAL CHARITY NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 DECEMBER 2020 21. Financial in$trumgnts 2020 2019 Financlal assets Flnanckql assets measured at falr value through Inceme and expenditura 10.613.396 10,481,661 Financial assets measured at fair value through Inceme and expendlture ccThprise IL8ted investments. Prior year adjustments During the prep8ration of the financkgl statements the followlng adjustments had been hlentified: 1. In 2018 a li81ed inv8Stment was deem8d lo hav9 begn dispos￿1 out of End￿￿d investments and r8ccgnk8ed a8 a loss in the Stement of financial aclivilie8, but instead beon transferred into a directty herd fund. This fund was then di8posed of in 2019. As a result, a prior year adju8tm6nt has b8&n recognisad lo correct the orKJinal disposal and the subsequent sale of the investment. The net impact is as follows.. Endtxmenl fund8 brought forward at 1 January 2019 have increased by £427,507. 2019 year end other debtors increased by £415,390. 2019 not gain$ on investments reduced by £12.117. 2. DepreCiat￿n been aPpl￿d 81nce 2015 to certain land by the charity. The impact of this adJu8th1ent18 as foll¢)WS'. Unre$trieled fvnd$ brought forward al 1 January 2019 have incre8Bed by £101,3C¢J. Fixed as$et depreckqtion brought forward al 1 January 2019 has reduced by £101.300. 2019 dg)reC￿tion expense has reduced by £25.325. 2019 bakgnce 8heet depreckation charge has reduced by Q5.325. 3. A reslii¢led donation from the Duchy of Lancaster toward the Founders Dty was originally recc•Jni8ed wrthin unrestrictgd income and &xp&nditure in 2019. The ccthparatNg Stalemgnt of funds in note 23 ha$ been reststeil. There is no impact on the funds pjsition. R8¢onclllatlon of R8JeM•: 1 Jan 2018 At 311)•c 2018 At 31 Doc 2019 ErwJwnBnt funds la5 preNiousty stst cgnlse dI￿ty hekl InstrT￿t L08s on disF4)sal of dlrecty in￿ts￿nt Endornnt funds l¥ mtatod) 38,296,835 39,279,512 427,SJ7 40,464,&81 427,507 12.117 39 707 019 Unrestricted funds las prelious￿ staed) dwreciati1￿ IcUmuLgti￿} Unr08trkt￿ ￿ndS (88 ro8tat•d) 5.637.055 75,975 S,￿5,319 101,3C 6.168,C#J7 126.625 Page 41

WfGGE8TON? HosprrAL CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEM8ER 2020 23. St•t•m•nt of lunds Stat•mènt of lunds- curr•nt y•ar Balance at 31 Galnsl December {L055es) 2020 Balance at 1 January 2020 (restated) Trnnsfer4 Inloul Income Expendlture Unr•strktsd funds DosIgnat￿ funds Agnes House ConseNatory Extraordinary Repair Fund Cyclical Maintenance Fund Pen8kJn Fund 579.563 99￿37 (27,1331 (4,9771 552A30 94560 1.200.276 100.000 1.300,276 600,123 100.000 175,9081 75,1)00 499,215 100.1)00 2,479,499 (108,0181 175.000 2.646A81 General funds General Funds 3,815.133 2,383.848 12.181.323) 11.586.330} 2A31.328 Totsl Unr•¥trlct•d funds 6,294,632 2,383,848 12,289,341) 11N11,330} 4,977.809 Endowm•nt funds Pormanont Endowment 40.879.951 {66.0721 1,411,330 1349.085) 41.876.124 R•strict•d funts Leg8¢ios Founders Day Total R••trlct funds 3,320 3.320 3,320 {5001 3,320 Total of fund8 47,177,903 2,384,348 12,355.913} 1349,0851 46.857.253 Page 42

WYGGESTON'S HOSPITAL CHARrrY NOTE8 TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 23. Statmnont of funds (continued 8tat•m•nt of fund$- prior y•ar Ir•Jtat•d) 8alanc8 8t 31 December 2Q19 Balancè at l Janu8ry 2019 TAan8fers Income Expendhure Gains Dos19natod fvnds Agnes House Con8eNalory Extraordlnary Repair Fund ¢￿I￿al Maintenance Fund Pension Fund 606,873 104.514 (27,310) (4,977) 579,563 99,537 1.100.276 100,L 1,200,276 523,298 100.L (98, 175) 7&CIg0 Xl, 123 l(Kl,GtyXI 2,434,961 1130.462) 175,tlX) 2,479,499 General funds General Fund6 3,571,658 2392,281 (1,973,8Q6) (17&CQOJ 3,815, 133 Total Unrnstri¢t•d funds 6,[￿,619 2,392,281 12,104,268) 6,294.632 Endowment fund$ Pemianenl Endowment 39, 707,019 (56,655) 1.229,587 40,879,951 Reslrlcted nds Legacieg Founders Day Total Restrlcted nd5 16. (13. 180) (500) 3,320 16.5C 500 {13,6801 3.32Q Total of fund8 45, 730, 138 2.391781 (2, 174,603) 1.229,587 47, 177,903 Page 43

WYGGE8TON'S HosprrAL CHARrrY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEM8ER 2020 23. Stst•m•nt of fund8 - prlor year {contlnuod) Designated Funds reprosent= i) The cost of bLtildiro Agnes House, shower rtr)m ¢onversK)n and the conservatory less accumutab depreckelion. Each year there is expenditure from Designated Funds to cover Ihe relevant annual depreckqlion charge. The value of the depreciation charge for a year 1$ 12'/ty x £1,356.650) £27.133 for Agn6s House,12Ph x £8,821) £176 fry the shthvèr room and a charge of12.5% x £199,07n £4,977 for th& Jnservatory. totslling £32.110 (2019.. £32,287). li} Clause 26 of the Charity Schem requires the Govemors to transfer funds to an Extraordinary Repair Fund on an annual basis, A total of £100.000 wa8 transferred to the Extraordinary Repair Fund from the General Fund during tho ygar 12019: £100.C(101. No expenditure was spent from this designated fund during the year. iii} Repairs and maintenance work undertaken durtNJ the year which was funded from the c￿1￿ Maintenance Fund totalled £75,90812019'. £98,175>. A total of £75,000 was tran5terT8d to the Cydical MaintenarKe Fund during the year12019.' £75,¢JOOI. ) The Pension Fund haB boèn created lo represent the real and potenllal Il*Jilities which may be incurred due lo the membershlp of employees of Wyggeslon's Hosprtal Chanty with The Pensions Trust Grth￿h Pian scheme. The Goveinofs have rthned £100.1]00 within Ihls fund in the year, See Note 29 for further details. Restrthd funds rgpre59nts: i) Legacw a legacy from the r￿ldu8ry estate of the late J M Haines and has been restricted for the stafl and residents of Wyggeston's Hospitsl. Other legacies are also received by the Charity and are a180 restricted for the staff and reshlenls of Wyggeston's Hospital", and ill F￿nderS Day- A donation made by thè Duchy of Lancaster to b9 towards the costs of Founders A transfer of £1.411,330 has been made into the EndNment fvnd, OLrt of Unfftslrkted funds during the year. This has been recorded in order to update the cS)sing position folknv￿ng a recon¢iligtion of the assets held in the Endowment fund. Pagg 44

WYGGESTON? HOSPITAL CHARITY NOTES TO THE FINANCIAL STATEMEwrs FOR THE YEAR ENDED 31 DecEMBER 2020 Analysis of n•t as#•ts botw•èn funds Analy818 of nat ai86ts bthè•n fund8- currnnt p•rlod Unrestrict8d Rastrided Endowm?nt funds fundg funds 2020 2020 2020 Total funds 2020 Taryible fixed a66ets Fixed asset investment5 Investm9nt property Current assets Creditors due wthln one year Creditors due in more than one year 5.687,068 333,321 020.389 10,613,396 10,613,396 28,797.684 31,626,797 2,131.723 1.683,583 {690.8121 {2,396,100} 2,729,113 (451,460} 1590,812) 12.3%,100) 3.320 Total 4,977,809 3,320 41,876.124 46,85T,253 Analysis of n•t assets b•twe•n funds- prior pèriod las restated) Unrestrfcted funds 2019 Restricted Endowment funds funds 20Y9 2019 Tot81 funds 2019 Tangible frrted assets Fixed asset investments Inve8tment propety Current asse18 CTeditors due withln one year Creditors due in more than one year 3,681,796 344.013 4,025,809 10,481,661 10.481,661 29.386.354 33.644,347 667.923 1.868.614 (422,285) (2.420,303J 4.257.993 1.197.431 {422.2851 {2,420.3031 3.320 Totsl 6,294,632 3,320 40,879.951 47, 77T,903 Page 45

WYGGESTON'S HOSPITAL CHARrrY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 26. RoGonciliation of net movement In funds lo not cash flow from operatlng actlvttS•8 2019 (reststed) 2020 Net inoomelexpendfture for the period la8 kw Statement of Financlal Aclivitiesl {320.650) 1.447.765 Adlu8trn8nts for: Depreciabon charges Net lossesl{gainsl on inv6s1ment assets Divhlends, interests and rents from inv8sbnonts Ilncrea5è) in debtors IrKreas8Ild￿re8sel in ¢reditoT¥ 176,270 182,312 349,085 (1.229,587) 1871,198) (943,653J {6,0851 (63.307) {11,8S31 2,595.660 Ngt ¢•sh (used Inl I provld•d by op•rnting activiti05 1683N311 1,989, 190 Analy818 ol cash and cash •qulv•lonts 2020 2019 Cash at bank and in hand Cash wth investm8nl broker5 1A76.842 1.251,628 65,019 Total cash and cash equlvalents 1,476.842 1,376, 647 A$ a matter of both general poI￿Y and Pfaclice, any ￿sh held by investrnent brokers is retain￿ by them for re4nvestment purposes and not retumed to the Charity. Accordingty, Gash held by investmènt broker8 is now included wthin listed investrnents and is no ljnger classrf￿d as cash 8quivalents. 27. Analysis of chang•s in net fund* At1 January 2020 Cash flows At31 Dx•mb•r 2020 Cash at bank and in hand 1.261.628 226,214 1.476,842 Page 46

WYGGESTON'S HOSPITAL CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 Capltal ¢ommltments At the year-end the follThing was aLrthork%ed and conlrpthd for by Ihe Charty. but not yat complatad £1,576,881 (2079.. £187.340). 29. P•nsion commitrn•nts EM￿tyeeS of Wyggeston'$ Hospital Charity are efttit￿d to memb&rship of The Pension Tru¥l Gro%th Plan Ilhe Plan'l. This is a mu￿•MploYer pension plan which in mo81 respects is a money purcha8e arrangemgnt, although it does Include certaln guarantee elements as descrl)ed klow. Contributions paid into the Plan up to and including Saptemb8r 2001 were convert&J lo defined amounts of pension p?Y4ble from nomial retirement dates. From October 2001 eonlribulions were investwj in personal funds whth have a capital guarantee and which are converted to pension on retirement, either wlthin the Plan or by the purchase of an annuty. The rules of the Plan give the Trustee the power to require empl¢)yer$ to pay fiddit￿n81 eontrfbutM)ns in ord8r to ensure that the Statutory funding obJ"odive undgr Ihfr Pensions Act 2004 is mgt. The statutory funding Oblecti￿ Is that a pension achome should ha￿ surricrgnt assets lo meet its past seNce liabilities, known a5 Technical Provisions. The scheme Is classified as a 'lastwman standing arr8ngemanf. Therefore the Charity is potenlialy liable for other participating emptyers, obligations if those employers are unable lo meet their sharo of the $¢heme dèficit folknmng wthdrawal from the stheme. Participating ompltsyers are legalty required to meet t￿1r Share of the sch•m& deficit on an annuity purchase basis on ￿thdraWal from the scheme. The latest fomal valuation of the Plan at 30 September 2017 was performed by a professional￿ qu81ifBJ Actuary using Ihe Projected Unit Method. The market value of the Plan's assots at the valuatton date was £795 millkn and the Plan's TeohnKal Prow5ions {i.e. past Servi￿ liabilities) were £926 million. The valuat)n therefore revealed a shortfall of assets compared with the value of liabilb.es of £132 million. Wyggeston's Hospital Charity paid contributions totalling £40.435 (2019.. £38,201) during the accountiig year. The Plan Trust* has Indicated that Addf(ional contrlbutlons of £5,118 (2019.. £4.969) w￿1 rg]uired by Wyggeslon's Hosprtal Charity from 1 April 2019. Where the $c￿Me is in deficit and where the Gharity ha agreeil to a deficit funding arrangement Charity recognises a li8bilty for this ctsligalion. The amount recognlsed Is the nel present value of ihe deficit r9duction conlributK)ns payable under the agreement that relates tt> the deficit. The present value is C81(yJlaled using an appropriate di8counl rate of 0.27QA (2019.. 1. 13%). The unwndlng of the discount rate 1$ rwnised 88 a finan￿ ttisl. Tha Pen5KJn Fund las shown wrthin note 231 has b8en creat8d to represent the real and potential liabilities which may be incuffed due to the membership of employees of Wyggeslon's Hospital Charty with the Pen8ion8 Trust Plan scheme. The Governor8 have retained £100.000 within this fund in the year. Page 47

WYGGESTON'S HOSPITAL CHARrrY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 Pen$lon Mmmltmonts {continuedl 2020 2019 ProvL8ion at 1 January 2020 Unwinding of the diwunl factor Deficit contributions paid Rtrmeasuremenls - inpacl of any ¢hange$ in assumption8 Re-measurements - ￿endments lo the contribution ￿hedUle 18,560 189 (3.635) 266 21,488 342 (3,555) 285 Provhlon at 31 D•cgmbar 2020 15.480 18.560 Oporating l•as• ¢ommilments At 31 D￿ember 2D20 the Charity had commitments to make future minimum lease payments under nor cancgllable operating leases as fcllows.. 2020 2019 Not later than 1 year 948 Opèrating lease commStments Icontlnuedl In March 2019 Wyggeston's Hospital Charty entered into 8 99 year lea8e whh MOTO to d8velJp land ¢)wned by the Charty a8 a Motomay SeNice Area. The annual rentals of £169,566 will begin on the ead￿r dat8 of.. 22 March 2022 or the date on which the property first opens for trade to the ger￿Tal publi The property opened on 30 April 2021. At 31 December 2020 the Charity had future minimum lease receipts due under Lyorating l&ase agrggmgnts as follows.. 2020 2019 Laterthan 1 year and not later than 5 years Later than 1 year and notg Lqler thgn 5 yegrs Later than 5 years 113,044 678.264 621, 742 15.996.726 16, 165,292 16,787,034 16, 787,034 Page 48

IKfGGESTON'S HOSPITAL CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 31. Rglatod party tranSa￿lon$ Wyggeslon School Foundation is a related paty by Mrtue of Tntslees., J K McLauchlan, W G Ginns and the Rev A R Leighlon. In eommon. During the ye8r 8 granl of £10,000 (2019.. £10,OOOJ was awarded by Wyggeslon's Hospital Charity lo Wyggeslon School Foundation. £Nil was outstanding at the year end (2019.. £10,CW). Pagg 49