SJR WILLIAM TURNER'S HOSPITAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST DECEMBER 2024 Charlty numbor 217681 Homes & Communltl96 Agency NumberM298 SIRWILUAM TURNER'S HOSPITAL CONTEi¥rs Pago Re￿ ofthe Tru8tfj88 Repthng ACwJn￿'$ Report ststomert ofComweh8nsfve Inc￿￿0 B8lart• Sheet ststemgnt of CharyJes In ReseNes stst8m8nt ofcash Flows 10 Notes fornlng port of thg ftnanc481 statements 11-17 BIR MLUAM TURNER'S HOSPITAL REPORT OF THE TRU3TEE8 FOR THE YEAR ENDED 31sr DEcEI￿R 2024 Tho Tru#eas 6ubmlt Ihgtr annual report and Ihe unau(Ited Inandal statemonts ffijrthe year ended 31¥t Deoembar 2024. atlon Charlty nan￿. SIrw￿l4￿ Tumw's Howtat 217681 Charfty r¢gl8tr•tlon numb•r HOffi￿ & Communlltog Agfjncy rnglshtlon Retlr•drromi Ends A4298 Mr¥ R E¢bwaid8- Chairpgrson June 2025 Mr8 L Beer- McfrChairper$on Deewnb&r 2025 Mr I Cook January 2025 Mr N Fllntoll Novemb8r 2027 Mr J G Grangèr November 2026 Mrs Almèe H&rdy ri12028 Chr M OvgnB (Redcar & ClovefAnd BC) ClrAec Brown IRedc8r & Clgveland BC) Mr G cUmn￿nS {Sallburn & Marske PC) Mr J Bamaxd (Guf5borough Town Courwjl) January 2025 March 21Y28 May 2027 May 2027 Cl•rfr to th• Ttustoes ¥ L Quartemialn (to May 24) Mr8 FP Short (Jlme 24 onward8) R¢glator•d Ollkt Slr Tum*8 Hospllal r￿eathaM Redcar TS10 4QT Reportlng Acc¢>unlants Gre8hAm & Galé. 14 Fountaln Street, Gulsborouth TS74 OPP Bank•r8 N8tton•l IPbèJtmkn*w Bqnk p CranwellJEmes Flnancial Flannln9- Inve8tmentAdvlsc Avlva Wrap UK Llmrted. SIRWILUAM TURNERIS HOSPITAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 315T DECEMBER 2024 Th6TruBtees have adopted the PTovlths ofThe Statement olRec0mmnd￿ Prgctlce ISORP)'Accourfng by Reglslered s￿al Landk)rd$' lupdHte 2005) In preparlng th& onnual report and 17nandg1 Statsmgnts ofltro Ch8rfty. Tho ChBrNy was knJnd8d In 1678 by Rwl Letters Patont In the reign of Klng Charte811. It wa$ later rogulated ty a Stheme OfT￿ Chorlty Comm188loner$ of 29th Decemtw 1950, which was confinned by Slr Wllkm T￿erS Hosptt at Klrkleatham Charlty Scheme Conflrmallon Art 1951. Its objects am to provlde aceAmmodatton ￿ $lms people w5thkn the hospltal and to thlg end to maintaln and manage the Charl￿5 landg and bulWlng8 tr thelr benèfiL The Scheme has been eX￿siVe1Y r￿sed to altgn Itwtth cu￿nI18gL8latiOn and Iho currert sch8mo was seakd by the Charlly Commi88lon on 9th October 2000. Thg Charity Is T8￿$tered wth Homes ErW8nd & the RegLrfalu of Sodal Houglrwj aB 8 Teglsiered spdal landlord. R•vl•w of aetlvltleg and futhrn dmlopmènts The Income and Expenthlure Ac¢ount lor the year18 8el ¢yA cffl pag8 7 oftho ￿n￿ClaI Statom￿ts. A SL¥Thnory of iho fnancld results and work ofthe Charlly Is ¥el out below. Trustwa Ms Jade Lavan waB dectod ae Tnmtee Janw 2024 and resIgr￿￿ in MaTth 24. MrAlgc Brown was e ethd a8 Trugteè in M8Tch 2024 and MS Alm8e Hardywas &lecled as Trusteo In Aprll 2024. In December 2024 the Tnmteg Board voted that the Chatr Ms Ros8 Edwards and Vlce Chplr L9518y eeer continu& In Ihelr rdes dLwlng 2025. Recrulim•nt and Tralnlng ol Trugte•s In Invltlng cTropt8tlve Trustees lololn Ihe Board, thg pollcy Is to dgtemilno lh8 range of prOfe￿10r*I ¥kll8 Avallablè 8xlollng TTU6teg5, to Idonllfy any $kJll shcrtages ond to swk Trustees VA￿ VAII be able to brlng tho$8 sklls to tho Board. Two nomknatlve Tru8t89s are gppotiilfjd by Redcar & Clev8Jgnd Borough CO￿ri1, and e* by Gul$bttough Ttywn CourKII and Saltbwn, M8rske & New MaTsk8 Paiish Coundl. NowTTUStees f4e provlded ￿ rolwanl pubjlshed bythe Charity ComnwSsl￿ forthe guldwKe ofTru81eo9, and addltlonal matsriol as r￿mmerKled ty Ihg Almshouse Assoclatlon. Tralning sgsslons 8r8 PTOVt(1gd InthoLO¢ to 5uro Ihat Trusts85 are aware of their r8sponslbNitlÉs. AU Trustees are encouraged to be¢om8 activety Involved In fhtr m8n&Jement of the alrn8hryj￿S and to wage vilh resldents. Thistsos vtho reath th* 70th blrthd8y are BubJect to an ￿nual revlew, and t)nly re.appowited wrfh Ihe ldl agreemgnt ofthe BoBrd ofTruste&ry. lkny Subsequent appolntmenl Is for on8 year only, unul the TTU8tee de¢ldgts ID retr8, or th? Board of Trustses declkne to r&appolnl for a fvrther IBrm of office. This ameTrdm8nt to tho provl8ions of the Chwlty Cunmlyston Schème was raOR8d at q s￿￿41 M￿Ing ofthe 8owd ofTru8t¢as on 6th July. 2016. Ms L8ah Quartem)aln Gea6ed In the role of Clerk to the TnMte88 In May 2024. Ms Paullne Short was app)IntwJ in the rol? from Juno 2024. Ms Li$a ￿￿1￿Ued kn hgr rolo as Wardgn. Flnqnce8 Wéekly Malnlonance Contributtong weTe Increased kn Ilno with the lknlts set by Homgs England & fhe Regul8lor of Soclal Hou81rwJ. Investment ¢ontlnued In upgr&dlng prop8rt1os Induding works to the Chapel W￿d￿*V6 and mofiny r•palrs. Tho Qulnquennl81 Roport W05 undertaken but tho reportwoldd not b8 recefveil untu the next finawal year. Hwlng rn81 all other flnanclal C￿MItme￿8. Inthd*w Iho wovlsion of reserw thls led to an excgss of I￿rne over exp8nLllure of £90.298. There wore minlmol vold woperues durlng Ihe yegr. One propgrty was vacated In1* 2023 and re￿pKed In February 2024. There wa5 fu¥ OCCLPOncy forthe remaln(kn of2024. Paymènt 8rmar$ wer8 nu. ran15 - No Grnnt• ro￿￿¢d ¢JurfTrJ th8 Pèblod. SIR MLLIAM TUIINÈIVS Tr108PITAL REpoirr OF THE TRUSTEES FOR THE YEAR ENDED 319Y DECEMBER 2024 One new M8klont moved In 2024 In Oecwnber 2024, th8re were a totol 0127 reSId￿ts. Ro8ld8nts' Grou Tha Rosldents, A880ciallon has d8ban(led twt coniinwto meet for regular s￿181 8¥ent8 In Ihe Common mom. Bulldkng Condltlon The Trusteos conllnued w1th essontial works to tho bulldlng8. Irmludlnu eKten$tve n)of repairs and works to tha Chapal ndovts. The Qulnquemlal Report wa8 und8rtaken, rowt exp8Cted durfng 2025. The Board of Trustees ¢>Jnlinue$ to con8(derlhe replacenwntlr8f(nblshm8nt ofthè front (loor8 wlthin th• Cwrtyard l￿bIle B¢nefft The Tru8te8s have had dug regard to Pubfic Benefft guldance pubil$h8d by tho chart1￿ Commisslon. Slr Imllam TLwneV$ Hospit81 provlde5 25 charltablè almshou8es, offerlng homes lo up to 35 almspoople vtho are over 80 years or age, and ￿ neèd, hardshlp or dlstr&M There are no geooraphfcal, finonclal or rellgbu6 restrkllon8 on who may appty for an Alm8hou88. chap8l8wl￿S and olher regu* spedal events Such as Found8r'6 Day in JLtno and Chd8lma8 Carol Service In December hekj duthg th& year. Ther¥ worn 8 numbgrof preworg8nl8ed v18tt8 to the grounds and Chapel Irom vartous groups. Reswveo Polky The Board'8 Is to wovldè for Cycl[C￿ Mainknance and Exlrnordnary RepatT8, destgnattng funds accordlngty. Lump 8um8 are Invested to 88curg the lorrfj terni futtwè of the Alm8houg98 and Chapel. The Board 8150 maintaln urhle8￿nats1 free reserves to covor any unforesegn 8hortt6m) eventualltte& Inv88tment Pollcy Invastment pollcy ofthe Trusleès h88 been a)ndu¢ted In acwdance vhyh Ihe eonstltullon of tha Charfty. d8tad 9L Othbor 2000, and guldan¢e publWwJ bytha Charfty CcrnmlsBIM. Cr8nwellJameJ Ffnandèl PlannlrvJ are 8ppolnted as InvestmertAd￿sQr$. Professlonal Ad¥ls•r8 Gr08ham & Galo waro r*aned 98 actounlants. Natlonal We8tmlnsl8r Bank wgre retsfjned a8 the maln bank8rn, Cr8nw811Jamo5 Flnanclal Ilannlng were retalned as Investm￿1 Athcfs. Rlsk Rovl The Truste88 have c¢Thlucted their r8vW of rlsk8 to whlch thé Chwttyls exposed 4nd have 8slab118hed sy8tsm8 to mlttgale those riskg. Th080 proce¢￿[08 ore pedodltslly mloW8d. A*3 R088 Edward¥. chaIr￿ ihg Th1*808 Accountlng and rnportlng r•gponslbimies Charlty law and regtstered 80cl81 houglng ￿518t￿ retwlre the Board to prepare flnancl8J 3tèt8ments for egdi flnandal yearwhth give a tsije 8nd falrvl8w oftl)e stats of affair8 of thg Registered Sodd Landord and of the or d￿dttrth0I pgrlod. In preparfTrJ these fin8nd￿ statements Board18 required to: sultabfe aCco￿tIr￿j Old8$ And apply them con61Bl•ntiy.' mak8 judgement8 and edmates that and wudgnL Slate whother appllcable a￿oun11n0 slondafds have been foNowYd, subffiecato any mfjlerlal depthre8 d￿kn$8￿ 8nd explalned in ts fingnrAO1 $ialemenis,' and prepare Ihe ffinondal statsments on 8 going COn￿M ba34s U￿9$$ It k trw>roprfato to prewmo thatlhe Regl8lered Sctlo1 Landlord wlll contjnue Sn ￿sinesS. Th8 Board 1$ re$kKwiblo for ke8pSng wpgr4cwntfjng re¢ords whkh di8cic*e with reasonablg aGcurw al 8ny Ilm8 th8 Ilnanctal position oflhe R8glytered Soctd Landlord and enable ft to en8uro Ihatlhg fInancI￿ stalemgnts wmply Yith the Chadti&S Act, Sch•dul¢ 110 th8 Hou85ng Act 1995 and the Accounilng Requlraments for Rfjgislered Scthl Landlord$ Genwal Detsmination 2008 8$ amgndod. 11 ha8 general respon8fdiity fcrf taking reawnable steps lo d th8 ass•ts oflhe Regtsterfjd SoGial Lan￿ord Ind to prev8nl 8nd dgtect fraud and other Irreg(Uarilles. oved ty th• Board ofTnth85 on 4th Jur￿ 2026 and ￿gned on ts tehalfby. Mr8 Rose Edwards Chair to the Tru8te8 INIXPENDEpif EXAMINEWS REPORT ro ThE TRU8TeEs OD SIR MLUAM TURNElfS HosprrAL I report lo Ihe charfty Iru8tee8 on my ex&mlnation of Ihe acuunts ofthe ¢harfty lorthe ya8rended 31￿ Oecember 2024 vthlch arg set out on pag88 7 to 17. RwJon¥lbllltl•$ and basls of roport A8 the charity* trustees you are r85POMble for the pr•paralknn ofth& accounts In occordancewlth the requlr8menls of th• Charltles Act 20111'the knt). I report In re4Je(* of my ex8mlnaVon of the ¢h8rty8 accounts (*rrf¢d out goctfon 145 01 Ihg Act qnd In Carrylng oirt my examinalion I have follo￿*d aN the applkthe D[￿ettonS glven by the Charlty C(￿MIsSIon under 8eGtlon 145(5)lprofil Galn on disposal of tnve5tments Interest racelvable and other rtomg movem￿ In falr value of firAndal Instrum8nt8 (32,153) (7,189> 7,380 115.071 3.180 99.530 S￿￿u81(derrtM) on ordknary acllvttlw bth taxalon Tax on Su￿U¥ on or(Ilnary acuvtttes Surplusl(doflctt)-totsl compreh¥nslw In¢ome ft>rthe y￿r 9Q298 95.641 90,298 95.541 The atrA)v8 results rdate Whol￿ to conunulng aciW8. The not05 on pages 11 to 17 fom parl ofthe6e wun Proved by and Blgned on bghaw ￿the Bowd R Edw8rd5 TrUSTEE .. ThUSTEE Datg 4th Jun8 2025 SIR IMLUAM TURNER'S HOSPITAL a4LANCE SHEEfAT 31af DE¢Er￿ER 2024 2024 21)23 FIXED ASSEf8 Tanglblo assats Housing propertth- dgpredaled cost other tangIb￿ r￿ed 8S88ts IrNe8t￿eTrts NOTE 1,034,926 419 1,191,765 10 11 1,073,611 489 1,082,398 CURRENT AssErs Debtors Cash at b8nk and in hand 2,226,510 2,156,498 12 5,207 333.717 4.533 345.878 CREDITORS.. AMouKfs FALLIN DUE WITHIN ONE YEAR NEf CURRENT ASSETS 338.924 350.411 13 (33,447) (33,970) 305,477 TOTAL ASSET8 LESS CURRENT UABIUTIES CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR NET ASSETS 316,441 2.031.987 2,472.939 14 (801,582) (832.832) 1.640,107 1,730.405 RESERVES." Income and expendlture resarvo Revaluallon re8erve Dtrslgnated re8eNe.maintgnance Designated r88erve Deslgnated ra88￿C￿Per TOTAL FUNOa 16 16 16 18 7¥2,736 122,432 63,600 137,994 813.744 702,437 122,432 63.500 137,994 613,744 1.730,405 1,640,107 Tho note8 on page8 11 to 17 form part ofthe8e fin￿lar statemgnts. ro￿1 by the B08rd ofTrusttss on 4th June 2026 and slgned M tts behall by,. I Cook............... Trustee SIRWILLIAM TURNER'S IIOSPITAL STATEMENT OF CHANGES IN RESERVES FOR THEYEAR ENDED 31K DECEMBER 2024 Deslgnated DeSIg￿ated Dosfgnated Rwaluotlon Incryn• & Chapwl MlllrtenanGo Investment R•serrn Exwidliure RMerv? Total Al 111 January 2024 613.744 63,$00 137.994 122.432 7a2,437 1,840.107 Surplus lor the yegrl totsl comprehenslve Incom8 G8ln m8terl8Used on sale of IrNestsnents 90.298 90298 Transfvr8 Al 3111 December 2024 813,744 63,500 137,994 122,432 792,735 1.730.405 SIR MLLIAM TURNER'S HO8pifAL STATEMENTOF CASH FLOWS FOR fHE YE4R ENDED 315T DECEAIBER 2024 Not 2Q24 2023 Cash Ilowlrom operatlng actlvlues 17 (19,541) 5,890 Cash Ilowfrom Inveslkng actlvld Development of propety Purchase ofothor fixed gs8ets Capltal grdnts rocelved RecEipts Irom sde8 of Inveslments Inveslmenl$ bought Inter88t recehed 7,380 3,180 Not cftyh flowfrom Invo8tlng actlvltrej ¢osh outllow befor• use of Ilquld ourc06 and flDon¢lng 7,380 3,180 {12.1811 9,070 Net decreas• ITr ¢asb and ¢a8h •qulvaleThts Cash and co$h •qufvalents at January 2024 Ca8h and e•8h equlvqJ•nts at 3111 D8combeT 2024 (12,181) 9,070 345,878 338,808 333.717 346.878 Tl* noteB on paps 11 to 17 forn part o1th8s8 accounb. 10 SIRWILUAM TURNEWS HOSPITAL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 315T DECEMBER 2024 PRINCIPAL ACCOUNTING POLICIES The Chwlty is reglsterod under the Ch8rlUés Act 2011 and Is a Reglstered Fyovlder of Soca81 Housing (RPI and a Publlc Bgnefft Enlity. Oasls of Accountlng Thg charity mistitutes a pumc benefft entty as dBltnod by FRS 102. The fin8rdal 8latemenls have been prepBrnd in accordanc8 wllh AGcounting ReportirB by Charllle8.' StBlemont of Recommended Practlce 8ppllc*ble to charllks pieparlng thelr accounts in gccordance with the Flnandal Reportllig Standard oppll¢xblg In the UK and Republlc oflrdand i8$￿d In October 2019, the FlnanrAal Rewllng Stand opplicablo In the Unllod lQngdom and R6ptWlc of Ireland IFRS 1021, the Chadtles AGI 2011, 8TrJ UK Generally A¢cepled Accountlng Practice. The financlal 6tstomenls have ￿en prepared to give a Yrue and falrf vlaw •nd ha￿ dePort￿froM ts Ch8thes {Accounts and Reports) Regulg1ion6 2008 onty lo the exient rOqLmred to provlde a 'tTUe ond fair vlew. Th18 departuro h8s involved followlng the Accounung and Reportlng by Chorftio8.' Statement of Recommondod Pracdco appllcable to charfties PTeparlng their accounts In accordan¢8 with Flnanclal ReportlTrJ stsnd8rd appllcablg in Ihe UK and Republic of Irelandlgsued In October 2019 ralherlhan the Accounmng and R¢porllng by Charities: Statement of RecOmM￿ad Pr8Glcè effeclive from 1 Awll 2005 which h88 8lnce been ￿thdra￿Tr. Twnover Tumover 1$ measured at the fairvglue of the consldgralbn rn¢eNed or rece￿able net olVAT and trade dlscounts. The polldes adopted forth8 reCO￿￿k)n of ￿mOver are as fon Tumover Tepre89nfs rent•l and 8ervlce tharyes income reeelvatAe in th8 year net of rent and servke charge losses from vokls, revenue gronts from the govemment I￿1 authorilie81 and the Homes and CommunStle8 Agency. Flxgd As80ts and D8pre¢lallon Tanglbfe flxod assets (Indudlng wal hou8lng prop&les) aro Btated at GO8t lor d89med co#)1è88 aco4mulated depreclallon and 8ccurnulatsd imp&lrment losses. Cost indude$ costs dlredly attributable to making the 8S5et Cgpabl8 of operatln9 as Intend￿ such 8s Ihe c08t of acqulring18nd and bulldlngs, devgt¢pmgnts costs, Interest charges on loa￿ during tho devoloprnent portod and exFendlture improvements. Exp8ndltur8 improvemen18 wlll only bg capitallsed whon11 results In Inuemontal futwe benefts 8UGh as Iweaslng rentsl In¢ome, redudng malnlenancg costs or r95uNing In a slgnlftc8nl exten$K)n oflhe useful eGOn0m￿ IKe ofthg prowty. Depre¢iatlon is provlded on all tanglble ffixed ag¥el8, at ¥ate$ rAlculBted lo wrfte off the c05( Iw e8tlmated dual ￿lU#, of each a￿81 on a 8ysteMallc basls over Its experted wfvl lifv as follows.. Houslng prop8rt18s, hwses and flats Propgrty fix￿r&S and ffitttng$ Etylpmenl The ugoful eC￿ornI0 Ilv•s of 011 lanlllblo Ifxed a￿ats are T8Vtewed annu811y. SO ygars 15 years 4 years Inve4merts are recognLged Inltlalty alfair value whth Is normally the tranyocllon excluclng tran5acUon Cogts. Sub88quently they am measured al falr valug ehanggs ￿cOgnIs￿￿ In'net galnsj (losBe5) on invostments, in th8 5tatsrnem ofcotnpr¢hen8Ne Income Iftho 8hgr•s ar• publlclytraded orlhelT fatr value eon bg measured roli8bly. Other Investmerts aro moasw8d at eosl188$ bmpaimient. SIR MLLIAAI TURNER'S H08prrAL NOTES TO THE FINANCIAL 8TATEMEprrs FOR THE YEAR ENDED 313T DECEf•YBER 2024 PRINCIPAL AccouimNG POLICIE8 cortlnued Gov•rnment Grnnts and Olh¢r Grnnts Govemment grants, kn the HCA {Homes and Communillos Agency) are rgeelvod In resp8cl of 8odal houslng. These grants are recog￿Sed at th8 fatrvalue oflho ass8t receI￿d or r8c8fvablo. lthere th8 as88ts are accounted for usjry thB cost model then the 9ovemmenl grantls accounted for uslng the awuaLq model. Thg dlfferenco betW8en the falr v8lue of the asset and th& conslder811on18 recogn186d a8 8 Ilabl#ty ar¥J omortf8&J over the useful oconomlc Ilfe of the asset Th18 amortirya￿nls r8cognlsed ￿thIn lumovar. Where the asBets arg accounted for using the valuallon model than thegLwernment grant18 accounted for u8ing the pwlormanee rnodei 80 that turnover Is tsken once the porfomwn¢e condlllons have been mal. there dtspo881 of govemment donated as8ets gr& reqL￿Ted lo ￿ recycled, a Ilablllty18 Inrjuded to rerwlse thi8 ati￿gati¢￿. Govemm8nt grants received as a contrjbuiion to revenue oxpendlture gre reeognlsed In tho stalement of cOMp￿h8n$￿Ve income on a 8y8tamatlc basfs ovarlhe perlod In whlch the landlord rècognI8e3 thè related costs forbvhlch lh8 gr8nl Is Intended to componsat&. The related expendllure Is inc&Jd8d under adrnwilstrativ expgnse8. Grants arg recognlsed In the swne perfcql 88 the relat￿ expandilure provided Ihe condlllon$ lor ro¢￿pt have bBon 80tl8ned and thoro18 rea$(￿¥ble 988urnnce thal the grant wlll be recelved. Designated Re¥•tv De*nated raserv88 are part of unreslrlcted r8serve¥ which have been earmarked by the Board for a Partic￿￿ purpos8. Such deslgnaU¢)ns may bg reversed by fvluro Board d8aslon8. Expendtture ¢Onr￿ be reclly set ag8lMt d?￿gnated re8erye8 bui18 taken IhNgh tho Income and oXP8nditure A transfer Is th8n made from designated reserves as gpproprfatè. or Rwalrn D8slgnatA)ns The RP de81gnates ItK)se re59rve8 set aslde forfuture major repalrs on aN of its houslng propertle8. The maint8n8nc% reserves are to provida for cyd￿￿ and extraordlnary malnlenan¢e of the bulldlng and hwle been cdculaled by the Irustso$ based on eXperIen￿ and ￿ldanCe from the charlws Archtte¢¢. The Chapel Fund has been Sot up ￿th the n81 proceeds of $ale of 48sets fomieFly held thaFd. Th18 lundlo to be used for future MaInten￿Ce of the ￿ldIng8 fwtherlng the obj&cts ol the charfty. Provlslon8 Tho Charlty onty provlde8 for wntracttmr lIab￿NI¢s. 12 SIRMLLIAM TURNERIS HOSPITAL NOTES TO THE FINANCIAL STATEMENrs FOR THE YEAR ENDEO 311f EECEPABER 2024 TURNOVER 2024 2023 All relats8 to houslng for older p8rnon& GTOSS renls roceivable Arnortlsed govemmenl grant8 153,92B 31.250 741 143,436 31,250 1,881 Gwls rele889d other Income 876 583 186,612 1TI,223 COST OF SALES 2024 2023 19.490 21.938 18,545 28.415 41.495 357 S&Nices Routu)o maintenance Cy¢lical matnten8n Extraordlnary maintwonce Oepra(xatlon Oiher costs 1&746 40,363 11,7￿2 42,860 3&755 2,293 151718 130.240 OTHER OPERATING INCOME Other opwallng In¢ome OPERATING SURPLUSIIDEFICITI 2023 Operatlng surplu￿deficlt> Is slatod aft•r charglngllcredltingl: Rep¥*tlng Aectrtmlanl's remun¢radon Itndudlng VAT) Daprgriallon of owned assets Amorlbation ofgronts 1,862 38,755 {31,2501 41.495 1312501 TAXATION The clwlty Is exempt from taKatKin on Its charjtable activiti￿. 13 SIR MLLIAM TURNER'S HO8HTAL NOTES TO THE FINANCIAL 8TATEMENrs FOR THE YEAR ENDED 31ST DECEMBER 2024 srAFF COSTS AND NUMBERS 2024 Penslon c08ts 43.427 499 39.656 43,926 39,666 No employee receivfyj emoluments ofmorg Ihan £eo,000. The average w88kty number of ernF4oy8e6 wa8 4 {2023'. 3). TRU8TEE REMUNERATION The tn￿18￿8 ndther recglv8d nor wafved any emoluments dl￿rg thg year (2023.. £NILI. The Itust688 dFd not recelve any expense8 from the chorlty relath￿ to th8irrolè 48 trustee%. HOUSING PROPERTIES Propety Flxturgs and FlttlngB Hou8lng Propprtles - Freehold Total COST At 1¥t JanU￿Y 2024 Addftlons In the year At 31rt Decemb•r 2024 DEPRECIATION Al 1* January 2024 Charge for th? year At 314L De¢ember2024 139,479 2,000,856 2,140,330 139,479 2.,000,856 2,140,335 136.939 1.154 930,785 37,531 1,08e,724 38.685 137,093 968,318 1,105.409 NET BOOK VALUE Al 3141 ￿embOr2024 2,386 1,032,540 1,034.926 At31* Decembw 2023 3,540 1,070,071 1.073.611 At 3141 t)ec8mber 2024 th8 charfty had no furthercommitments to capltal a￿er￿llure not already provlded for In these accounts. Homes and Communltles Ag&ncy permlsslon Is n6eded to 8ell any oflhe land 8nrJ bullrfings. In addllfon part or all of the grants recelved could have to be repald Should any of th8 relaled a850ts be sold or thelr u8e ch8nged In ouch a way that IW woL￿d Th) longw be ellgl)18 lor grant. In 8Lxh clrcumstanc98 ￿AllOCal10n of the grant could be arranged. 14 SIR WILLIAM TURNEifs H08prrAL NOTES FORIthNG PART OF THE FINANCIAL STATEMENT8 FOR THE YEAR ENDED 31SY DECEMBER 2024 10 OThER TANGIBLE FIXED ASSErs Equlpment COST At 1st January 2024 Add5tion$ In year 51,130 At 31* December 2024 61,130 DEPRECIATION At 1* January 2024 Charge for th6 year 60.641 70 At 31* D8¢ember 2024 50,711 NEf BOOK VALUE At 31* Decemb8r 2024 419 At 31* December 2023 I I. FIXED ASSET INVESTMENTS Avlva Wrap V41uatlon At 1st January 2024 Addiuons DI$p06&18 Costs Rèvaluatlon 1,082,398 18,3731 115.14Q At 3141 December 2024 1,191,165 Investments 8r8 vakjed at mfd marketvglue. l5 SIR WILLIAM TURNER'S HOSPITAL NOTE8 FORMING PART OF THE FINANCIAL STATEMENTS POR ThE YEAR ENDED 31ST DECEMBER 2024 12. DEBTORS 2023 Prepayment8 5,207 4,533 6,207 4.533 13. CREDITORS.. AAIOUNTS FALUNG DUE MTHIN ONE YEAR 21123 Acwals and deferred Incom Govemment grants 2.197 31.250 1721 31,250 33.447 33,971 14. CREDrroRS: AMOUNTS FALLING DUE AFIER MORE THAN ONE YEAR 2024 2024 Gov8H￿nont 801,582 832,832 16. RELATED PARTIES Tho following tru8tse8 aro CoLmclllors represfrnltng local ¢ouncll8 8hown.' Cllr M O¥en8 (Redcar & Cleveland 8C) Mrs M Faiiley IR8¢car & Cleveland BC) Mr G Cummirks ISaKbum & M8rske PC) Mr J Bamard IGutsborough Town Coundl) January 2023 November2023 (Reslgw) lay 2027 Aay 2027 16 SIR WILLIAfy1 TURNER'S HosprrAL IKITES FORMING PART OF THE PINANCIAL STATEMENTS FOR THE YEAR ENDED 318T DECEMBER 2024 16 RESERVES a. Inwme and fjxpendlure reserye Tho Income and expendltUTe ro8ervfr rwTgsents cumulalfve sU￿lUS and deficlls net of other adlu¥tments. Revaluatkjn roservo The revaluat￿Th resorvo represants the ¢umulate gffert of thcre88eB h Ihe v4ue of invostments held. De$wnated fe8ems Thg malnlanonce reserves ar8 to pvovlde fcf oycmcsl aThl extraurdlnwy malntenance of the buikllng dnd have been cal(JJlat8d by the trustees based on gxperience and gindance from tha charW$ Archilecl. The Ghapel Fund h8s been Set up wNh thg net proce8d8 of salg of as¥ets fomeTty heid In the lla￿1. Th16 fund Is to be used f￿fUture malntsn8n¢e of the buildings and fvrtherfng the obJeGts ofthe charlty. The fijnds reallsed on sole ofthe COIF Investments are held in a de&gnal4d Investmenl knd wdlng relnveslment 2023 17. CASH FLOW NOTE R8¢on¢l1l￿on of operatlng deftcll to net ¢ash Ilowfrom oplratlng aotlvltles Operallng ¥urpluslld8ficftl Decre8selllncr8ase In debtors) IDoc*eose)Ancrease kn oredlloT8 A88el addltlon5 DewecAallon Relea88 of grant Amcjrtlsatlon of grants IGoln8yLoss8s on Investments t I￿Sh ouifw frorn oparnlng advittgs 82,918 {e74} 15231 V1381 1755) 11851) 38,755 41,495 131,250} (108.787) (19,5411 131.250) 193,3101 5.890 18. UNrrs Unlts at 14January 2024 Unlts 31￿ D8comber 2024 Soc181 Hou￿ry￿ 25 )n& ofthese unlts15 managed by agen 17