Charity R•glstrallon No. 218931
Registared Soclal Hou$lng Provldèr No. A0611
THE HOSPITAL OF ST JOHN THE EVANGELIST AND OF ST ANNE IN
OKEHAM
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

THE HOSPITAL OF ST JOHN THE EVANGELIST AND OF ST ANNE IN
OKEHAM
CONTENTS
Page
Governors, Report
Inlroduclory sentences
Reference 8nd odminislrative details
Objectives and public benefit
Governance and OT9anisalion
Principal activity
Achievements
16
Future plan5
18
Financial review
Statement of Govemofs. responslbilitie5
21
22
Independent audilorfs report
25
Statement of financial activities
26
Balance sheet
27
Statement ol cash flow5
Notes to the sL9tement of cash tlows
28
Notes lo the acwunls

THE HOSPITAL OF ST JOHN THE EVANGELIST AND OF ST ANNE IN
OKEHAM
GOVERNORS, REPORT
FOR THE PERIOD ENDED 31 MARCH 2024
The Govemor5 present their report and accounts for the period ended 31 March 2024.
The accounls have been prepared in accordance with the accounting policies sel oul in note 110 the accounts
and comply with the Charity's governing inslrumenls, the Charities Act 20118nd "Accounting and Reporting
by Charities.. Slalemenl of Recommended Practice applicable lo charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021..
Roference and adminlstrative details
Working tille
St John & St Anne
Charity nutnber
218931
Registered Social Housing Provider No.
A0611
Principal address
Mill House
South st￿et
08kham
Rvlland
LE156HY
Governing Inslrurnenls
Royal Charter dated 3 May 1597 as amenrsed 2 July 1976
Supplemental Charter daled 21 January 1998 as
amended 27 F8bruary 2003 and 9 February 2011
Princlpal advisors
Atsditors
Price Bailey LLP
36 Tyndall Court
Commerce Road
Lynchwood
Pelerborough
PE2 6LR
Bankers
Barclays B8nk plc
10 Hi9h Street
Oakham
LE15 6AN
Solicitors
PO Box 3501
8S2 2FL
Inv8slment Managers
Evelyn Partnefs Inve51menl Management
14 Floor
103 Colmore Row
Birtningham
B3 3AG
Farmland advisors
Shouler & Son
Counly Chambers
King5 Road
Melton m¢￿braY
LE13 IQF
Andrew Granger & Co
2 Grange Collage
Sloughlon Grange
Gartiee Road
Leicester
LE2 2FB
Murray Estate Agents
Markel Slreei
Oakharn

THE HOSPITAL OF ST JOHN THE EVANGELIST AND OF ST ANNE IN
OKEHAM
GOVERNORS, REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
Govemors
Chairrnan
Mr D Pattinson
Name
Committee membershi
Ex-officio
The Bishop of Peterborough
The Dean of Pelerborough
The Patron, Ms C Johnson
The Re¢lor of Luffenham
The Rector ol Uppingham
The Vicar ol Oakham
Ex-officio a
oinlees on beh81f of..
Mr D Cook on behalf of the Bishop ol Peterborough
Mrs J Mayhew on behalf of Reclof of Luffenham
Rev D Smith.Wilds on behalf ol Rector of Uppingham lunlil July
20231
Mrs S Taylof on behalf ol the Dean of Pelerborough lunlil February
20241
Rev S Aley on behalf of the Vicar ol Oakham
Mr G Thompson lappoinled February 20241
h Diocesan Boar
of Fin
ncea
Finance & GP
House, Property
House
House {Chairl. Property
Finance & GP
Pelerboiou
Mr R Smith
Mr D Paltinson
Mrv Harvey
Dintees".
Property (Chairl
Finance & GP, Propety
House, Property
Co-o led..
Mrs A Whillinglon
Mrs S Spilner lunlil July 20231
Dr K Grèenwood
Mr D Johnson
Mr M Reihill lappoinled August 20231
Mts R Gilbert (appointed August 20231
Mrs C Davies lappointed February 20241
House
House Ichairl
House
Finance & GP (Chairl, Propety
Property
House
Finanee & GP
Offlcers:
CEO
Finanee Officer
Housekeeper
Office Manager
Propety Services Manager
Residents Support Worker
Doreen Woodward
Caroline Tradewell
Jill Spence
Katie AyreslLinda Connelly
Donald Mcclellanij
Vanetia Porter (resigned March 2024}

THE HOSPITAL OF ST JOHN THE EVANGELIST AND OF ST ANNE IN
OKEHAM
GOVERNORS, REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
OBJECTIVES
88sed on the terms of the original Iicence for the foundation of the Hospital dated 21 May 1399 and the Royal
Charter granted by Queen Elizab8lh I 1597 {and amended in 19761 the Ch8rity's purpose is to provide
accommodation for almspeople who shall be poor persons resident al the lime of appointment in the District
of Rulland or elsewhere in England.
The Govemors review annually the strategic elements which they consider appropriate for pursuing the above
charitable purpose,. during the yeai under review they re-confirmed a slrale9y summarised as follows..
11 We are a Rulland charity.
21 Our aim is lo provide good quality and well-mainlained accommodation, and an environment suitable
for retired people who c?nnol afford their own home, lo lead Independent lives for as long as possible.
31 We value community and conlinuily for our residents and for ourselves.
41 We work with olhefs who share our objectives.
51 We look lo the long-leirn health ol the Charity.
61 Our priority theme lor 2024 is lo continue lo improve the suitability of our properties.
PUBLIC BENEFIT
The Governors have due regard lo the Charity Commission's 9uidance on public benefit. They believe that
the Charity provides a public benefit by the provision within the County of accommodation for older people of
limited means. which enables them lo be able lo live independently.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Hospital of Sl John the Evangelist and Sl Anne in Okeham is a body corporate Iby virtue ol the 1597
Royal Charter) with a GDverning Body and staff.
THE GOVERNING BODY
The Governing Body is made up of 15 members- the Patron {being a descendant of Archdeacon Johnson.
the pelilioner for the 1597 Royal Charter},' 5 ex-officio Governors Ibein9 persons holding specific offices in
the Diocese of Pelerborough and in certain Rulland parishes)," 3 Governors appointed by the Pelerborough
Diocesan Board of Finance," and 5 co.opted Governors. In 2011 provision was made by Supplemental
Charter for any ex-officio Governors who so wish lo appoint. subject lo Governing Body agreement an
appropriate person to represent him or her al meetings of the Governing Body,. currently 5 ex-officio
Governor5 are represented by such an appoinlmenl.
The Governing Body meets 4 limes a year.. in addition, there are 3 committees (House. Property. and Finance
& General Purposes). Also, from lime-lo-lime ad hoc working groups are formed lo address specific topics.
The Governing Body is conscioLJS of the need lo maintain, as fai as possible. a matrix ol skills and life
experience combined with conlinuily ol appoinlmenl. To Ihis end Governors approve from lime-to-lime
8rrangemenls for persons who are willing lo become full governors when a vacancy arises lo attend and
participate on a non-voling basis as 'governors-in-wailing'. This is an irnportanl aspect of Ihe induelion
process and ensures an understanding of the Charity is acquired before becoming a lull governor. The
Charity's induction procedures ensure that prospective governors are made aware ol Ihe responsibilities of
being a governor. The Charity uses local media, such as Rulland Living magazine and paiish newslellers,
as well as local knowledge in recruiting prospective governors from the Rulland community.

THE HOSPITAL OF ST JOHN THE EVANGELIST AND OF ST ANNE IN
OKEHAM
GOVERNORS, REPORT (CONTINUED
FOR THE PERIOD ENDED 31 MARCH 2024
THE CEO AND STAFF
As well as the Chief Executive Officer ol the Charity Ihere are five other Staff members employed to undertake
finance. propety, and support functions. There is also a Housekeeper, employed on a part lime basis, to
ensure all communal areas are clean and tidy.
The Governors approve remuneration levels designed to enable the Charity lo recruit and relain the skilled
staff needed lo manage, sUPPOrt, and deliver ils aims. Tne Charity has a policy ol paying al least the Real
Living Wage. Remuner81ion is adjusted annually in line with CPI rates in the September of that year.
OUT-SOURGED PROFESSIONAL SERVICES.
The Charity has outsourced certain seNices, as follows.,
Property and Estates Management - Nollingham Communty Housing Association.
Investment Management - Evelyn Partners Investmenl Management,
Payroll Services- Price Bailey LLP,
HR Support- HR Depl

THE HOSPITAL OF ST JOHN THE EVANGELIST AND OF ST ANNE IN
OKEHAM
GOVERNORS, REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
PRINCIPAL ACTIVITY- BENEFICIARIES & OCCUPANCY
The Charity provides almshouse accommodation and grounds al two siles in Oakham (South Slreel and Sl
Anne's Closel and one in Uppingham (Johnson Road}. 11 seeks to maintain the accommodation and ils
ground5 in a good slate ol repair. 11 provides housing support services lo older people ol slate retirement
age who are experiencing financial, housing or social needs and who can live In independent
accommodation.
BENEFICIARIES.
As al the end of the financial year there were 117 beneficiaries144 male, 73 female) occupying the 103
properties.
Currently the younge51 beneficiary is 59 years of age. whilst the eldest 15 97 years of age. The age
distribution al each sile is shown in the graph below..
Average Age of Beneficiaries by Site
2023-24
South Street
St Anne'5 C105e
Uppin8ham
79.4
79.6
79.8
80
80.2
80.4
80.6
80.8
81.2
The current avera9e age of all beneficiaries combined is 80.1 years. which is an increase on thè figure for
last year178.51.
Comparing the available evidence lor previous years, the trends of recelll years are changing slightly, with
the average age increasing 81 all 3 sites." South Street179 10 80 years), St Anne's Close180 10 81 years)
and Uppingham177 10 80 yeaisl.

THE HOSPITAL OF ST JOHN THE EVANGELIST AND OF ST ANNE IN
OKEHAM
GOVERNORS, REPORT {CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
PRINCIPAL ACTIVITY- BENEFICIARIES Icontlnuedl
Average AEe of Beneficiaries:
Annual Trends by Site
82
80
78
76
74
72
2015 2016 2017
South sireet
St Anne's Close
2018
2019 2020
Uppingham
2021
2022
2023
2024
2013
2014
Ave A8e
Resid nl Movemen
durin
In 2023-24, 4 resi(Jents moved on lo accommodation elsewhere (this compares lo 6 the previous yearl. Of
Ihe5e'.
the
ear
3 required nursing or residenb.al care
1 Iransfefred to another SJSA property
During the year, 4 beneficiaries passed away15 in 2022-231.
12 new residents were appointed as qualified beneficiaries, movin9 1rilo 8 properties during the year112
residents during 2022-231. 01 those..
8 properties were allocated lo applican15 p￿VIouslY INing within the County of Rulland.
4 properties were allocated to individLbals who were at risk of homelessness16 in 2022-231", this is a trend
thal is happen1ng in the current economic climate.

THE HOSPITAL OF ST JOHN THE EVANGELIST AND OF ST ANNE IN
OKEHAM
GOVERNORS, REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
PRINCIPAL ACTIVITY- BENEFICIARIES Icontlnuedl
The reasons for any beneficiary seeking 8ccommodalion can be complex and varied, bul the primary
rea50n given in each of the 8 cases can be bioken down as follows..
Primary Rea50n for Application
Soclal Isolation
Inappropiiaie Housin8
Risk ol Homelessness
To be near to farnily
A licalions Received durin
the
ear
During the year a total 0138 applications were received in 2023-24143 In 2022-231.
The subject of the applications processed can be further broken down as follows".
Single females
Single males
Couples
20
Of the 38 applicants..
10 were rejected as failing lo meet basic eligibility criteria. lage, wealth. geography, elcl.
1 withdrew their application.
As 51aled above, the Charity was able lo satisfy 8 applications during the past year lor 12 peop￿e.
The Charity re-assesses the needs of all outstanding applications as and when any vacancy arise5,' the lacl
ol being on the wailing list does rTrol in itself amount lo a promise ot a future appoinlmenl, il is the person in
the most need al the lime of the available a¢cDmmodalion.

THE HOSPITAL OF ST JOHN THE EVANGELIST AND OF ST ANNE IN
OKEHAM
GOVERNORS, REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
PRINCIPAL ACTIVITY- BENEFICIARIES & OCCUPANCY {contlnued}
OCCUPANCY
The continued desire that the Charity use available void periods lo undertake any significant felurbishment
and upgrade work necessary to improve the quality of the properties, is a policy introduced in 2017 and
remains the operational approach.
The occupancy level target, as stated in the 2022123 operational objectives land thus that used as the b8SIS
ol the 2023124 budget) was 950/D. The actual occupancy rale lor the 2023124 financial year was 98%, so we
exceeded this iarget.
The average re-lel lime for a vacant property across the full year was 62 days12022-23.. 25 days)., this wa5
higher fi9ure due lo major refurbishrnents works required and some shortages in contractor availability. The
number of re-lets as a percentage of stock was 7.770A12022_23'. 9.7 OAI.
PRINCIPAL ACTIVITY- ALMSHOUSE PROPERTIES
The portfolio consists of 103 almshouse properties as follows..
42 properties
William Dalby House
David Royce House
Brook Road
South Street
12 flats
23 flats
7 bungalows
St Anne's Close
28 properties
Uppingham
33 propertie$
Bonner House
Taylor House
Johnson Road
12 flats
12flals
9 bungalows
In addition lo the almshouse accommodation, the Charity also maintains a heritage asset. a 14th century
Chapel al St Anne's Close.
10-

THE HOSPITAL OF ST JOHN THE EVANGELIST AND OF ST ANNE IN
OKEHAM
GOVERNORS, REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
ACHIEVEMENTS
Summ
2024 has been a more typical year. returning lo normal, post covid. This is reflected in beneficiary changes.
both in respect tsl beneficiaries moving on to allernalive accommodation, and new beneficiaries arriving. Void
periods increased lo 62 days, due lo a high proportion of voids requiring major refurbishment and also
shortages in contractor availability. There has been an increased volume of applications, and a continued
high level of applicants al risk of homelessness or with challenging circumstances.
Completing improvements works in void periods contillues lo be challenging. However, the charity has almost
full occupancy and a wailing list. Durin9 the year we have very satisfactorily completed the reuuitmenl of 8
new experienced CEO, following the retirement of the previous CEO al the end of the last financial year in
2023. The charity remains well placed ￿n key resource areas of property, staff, governor5 and finance, making
il well able lo meel its objectives now and in the future.
The charity continues lo operate with a minimum 5-year perspective and is suff5cienlly resourced to consider
expansion, should the opportunity arise.
Suildin
s /Sile Develo
ment..
During the year..
Following the adoption of an improved propety refurbishments specification in 2017, progress towards
meeting these higher aspiralions has continued Ihioughoul the year, as and when opportunity ha5
presented ilsell. The availability of resources, both labour and materials. have proven lo be problematic,
8nd there has been a notable inerease in the cost of such works.
Generally. the required work is disruptive, ol the type that is not practical whilst the property is occupied,
and undoubtedly extends the length of time a vacant propety needs lo be Classified as a void.
Pro9ress since the commencement of the project is as follows, with the lolal number ol completions to
the improved specification as al the end of each financial year being..
2023124
7 refurbishments completed
2022123
8 refurbi5hmenls completed
2021122
20 refurbishments completed
2020121
16 refurbishments completed
2019120
12 refurbishments completed
2018119
8 refurbishments completed
2017118
4 refurbishments completed
The continuation of a programme lo install level access showers into all properties continues, as
vac8ncies permit. Currently 911103 have been complelec$1901103 20221231.
A5 such the target of 2 that was identified al the start of the year was not achieved, bul il is becoming
increasingly difficult lo complete the programme simply by wailing for voids that require this upgrade lo
occur. Some flats have been upgraded with a resident in silu, where the occupant was happy lor this lo
occur.

THE HOSPITAL OF ST JOHN THE EVANGELIST AND OF ST ANNE IN
OKEHAM
GOVERNORS, REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
ACHIEVEMENTS (contlnuedl
All of the SJSA properties now have a current Energy Performance Certificates IEPCI rating. Of the 103
properties, 83 are currently rated as "C" or above. All of the remaining 20, (which include 9 of the 16
bungalows) are raled 'D
The conlinualion of a programme of installing combi-boilers into propertie5, in order to better manage
water safety (Legionellosis Risk Assessment report 2016}. It should be noted that this approach is not
appropriate lor Taylor House (Uppinghaml gr William Dalby House Ioakhaml as they are both supplied
by communal boilers, and as such, the project will be completed on achieving 79 installations.
The total number of Inslallalions so far completed al the end of the financial year is.,
2023124
48179 properties installed with a combi-syslem
2022123
47179 properties installed with a combi-system
The programme of fully replacing the flooring within all upper flals al Sl Anne's Close, a problem first
accurately diagnosed in the last quinquennial inspection continues. bul np further properties became
vacant this year lo allow any more lo be cornpleled. Currenlly 8 oul 0114 properties have so far received
such attention.
The Taylor House lire doors were replaced following fecommendalions from the fire safety inspection.
New carpeting on stairs, corridors and communal areas was completed al William Dalby House and
David Royce House
Quotes were soughl for roof repairslimprovements al Brooke Road.
The installation of an electric vehiele charger point at Talyor House.
Completion of an independent quinquennial sutvey of the St Annes Close sile.
12

THE HOSPITAL OF ST JOHN THE EVANGELIST AND OF ST ANNE IN
OKEHAM
GOVERNORS, REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
ACHIEVEMENTS Icontlnuedl
Number Cost and Cale
of NCHA Re
air re
uesls 2023124
No.
of
lobs
13
44
Delivered
on Time
Delivered
onTime
75%
76%
86%
91%
63%
75%
Delivered
on nme
91%
78%
73%
90%
74%
NIA
DelNered
on fime
Job Classification
Emergency
Relet
Urgent
Routine
Target
24 hour5
69%
73%
59%
80%
91%
77%
i¢)0%
95%
84%
98%
75%
7 days
28 Days
180 days
Appt
97
84
35
79
Planned works
Servicing
Tota15
352
73%
78%
80%
The table above provides details ol the type of lobs undertaken, as well as the performance against the
agreed"respDnse lime standards. The lolal value of the Work is £153.2201£207,629 in 20221231. The Charity
recognises that internal changes and with their own contracts had an impact on the ability of NCHA to deliver
services within the agreed timescales in previous years, bul that service shoul($ now return lo normal.
The appointment by SJSA ol a Property Services Manager in early 2019 has enabled the Charity lo have
greater involvement in the managemenl of resident expectations in resp&cl of the repairs Service and lo
maintain a closer overview ol the services that are being delivered. During 2023124 a sample survey
comprising 760A ol completed repairs returned a satisfaction rale of 97 /012022123'. 88°kn1.
A lolal of 161 repairs were recorded12022123' 196). of which 75 were rouled through the airangemenl wllh
NCHA12022123.' 1161. Those placed by SJSA direct with a conlraclor. if measured against the same response
limes. would have recorded a 100% for completion on time.
Residents Satisfaction Surve
The Residents Salislaclion Survey conducted provides the most accurate evidence of how the responsive
repairs seNice is perceived by Ihtsse il impacts on most. The recorded satisfaction level, al 100Q/o, compares
favourably with the 940/0 recorded in the previous survey 012021. The nexl survey in 2024. aligned with the
'Tenanl Salislaclion Measures. standard inlroduced by the Regul8lor of Social Housing. The survey metrics
recorded 949kn overall salisfaclion, 950h satisfied they have a well-mainlained home. 969h of residents feel
safe in their home, 92Q/o of residents fell the charity was easy lo deal with, wilh 900h feeling they were Irealed
fairly and with respect. This will now be an annual survey so a good comparison can be drawn of satisfaction
trends going forward.
13-

THE HOSPITAL OF ST JOHN THE EVANGELIST AND OF ST ANNE IN
OKEHAM
GOVERNORS, REPORT (CONTINUED
FOR THE PERIOD ENDED 31 MARCH 2024
ACHIEVEMENTS Icontinuedl
Su
ort Services..
In addition lo the provision gf housing and propety maintenance. the Charity holds the belief that in delivering
its strategic objeolive no 2, to enable beneliciaries to lead "independent Iiv6s for as long as possible~ it is
important that consideration be gNen lo meeting their various and individual support needs.
In response lo national and local changes lo both the funding and delivery of health and social seNices. the
Charity has in recent years continued to consider il appropriate that il should increase ils own efforts lo
deliver effective housing-related support. This has proven lo be the correct approach over the past 12
months, as beneficiaries have encountered difficulties in securing other forms ol health and social seNices
support.
At the current lime SJSA support services are primarily through..
1. Telecare Support
All properties are covered by a Community Lifeline service delivered by Harborough 8orou9h Council
{Harborough Lifelinel, and which is fully funded by SJ&SA, regardless of the financial silualion of the
individual beneficiary.
During the year Harborough Lifeline handled a lolal of 4,263 SJ&SA generated ealls13,774 in 20221231. This
tfaffic included 36 health I fall type emergency calls 129 in 20221231. The response tirnes for a11 calls are
monitored and reported on annually, and can be mea5Ufed against the Quality Standards Framework
fequiremen15. as published by TSA Ipreviously Telecare Services Association}.
Call An
wers Slalislics 2023124- AII SJSA Pr
erties
(CePt￿re firne
L*
Call Atteptanct Time Barth (5)
89.370A answered within 60 seconds191.870fi 20221231
97.04QA answered within 180 seconds {97.99Vk - 20221231
14-

THE HOSPITAL OF ST JOHN THE EVANGELIST AND OF ST ANNE IN
OKEHAM
GOVERNORS, REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
ACHIEVEMENTS Icontlnuedl
Overall, these reported response limes do continue lo give assurance that our beneficiaries receive an
effective and etlicient service from Harborough Lifeline
In addition lo the reactive type of lele-support provision detailed above, each beneficiary is also offer&d
the option lo use a pro-active service provided by Alert8C811, commonly known within SJ&SA as the Okay-
each-day service. We were pleased to note that during 2022 this service received the Queens Award for
Enterprise lor innovation.
Last yeai. the Alertacall provision was up9r8ded from a telephone faCil￿tY lo a new lablel-based servi￿.
This offers a number ol immediate benefits, improving the capability ol SJSA lo communicate with
n(lividual or groups of beneficiaries. and providing a single roule for the reporting ol repairs that is
available lo all beneficiaries 24 hours a day. Al the same time, this service was made an integral part ol
the housing package provided, anLI il has now been possible lo sign all residents up lo the Okay-e8Gh-
day service.
During the year there were 109 occasions, when the service contacted a named respon¢Jer due lo an
individual not logging in1161 in 2022-231. The service also made 75 contacts lo local hospital seNices lo
monitor the discharge arrangement lor a beneficiary 1106 in 2022-231. In acldilDn, there were 188
occasions when this service initiated a repair request on behalf of a residenl1100 in 2022-231., this has
increased significantly since the introduction of the tablets, which facililale the reporting ol repair5 lor
beneficiaries.
The Alertacall service also enables information message5 to be delivered electronically lo groups of
beneficiaries or individuals. In lolal 218 different messages have been delivered during the year {58 in
2022-231.
The resident leedback conducted in 2024 would suggest that both services are well regarded by those
who use them.
2. Personal support
The Charity is very conscious of the role that effeclive housing related SUPPDrt has in enabling
beneficiaries lo continue lo live independent lives. As such SJ&SA employs a full lime Resident Welfare
& Benefits Advisor in order lo beller meet the needs ol the resident group.
Although accessible by all, lr8dilionally the Resident Advisor resource has been focussed on the ffftilesl
200k ol our population. Covid rneanl that more contacts were made lo signilic3nlly more beneficiaries,
some requiring the adoption ol new approaches, a5 the Charity allempled lo offer adequate support lo all
throughout the pandemic. That increased level ol support remains.
The work ol the Resident Advisor has over the past twelve months successfully delivered 30 benefits
reviews128 in 20221231, 7 Blue Badge applications126 in 20221231 and 14 Occupational Therapy referrals
115 in 2022123}
The SJSA support service was successful in assisting over 20 different beneficiaries lo claim a significant
amount in new "benefit income. during the year. This continues lo demonslrale the positive outcome
achievable from active housing supptsrt.
15-

THE HOSPITAL OF ST JOHN THE EVANGELIST AND OF ST ANNE IN
OKEHAM
GOVERNORS, REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
ACHIEVEMENTS Icontlnuedl
involv8menl.'
The Charity ￿MaInS firm in its desire lo wnsider the wishes and opinions ot ils beneficiaries, particularly
in those decisions that directly impact on their day-to-day living. This is achieved through..
The quarterly publication of Thp Jigsaw. a newsletter di51ribuled lo all beneficiaries.
The publication ol an Annual Report lo Residents.
Governorlbeneficiary forums al le8sI ￿lce a year.
Quarterly Resident Consullalion Panel meetings. The Consultation Panel is made up of
representatives from each of the ChaTity'S Sites.
In 2024 the Charity commissioned an independently conducted Resident Satisfaction Survey. This
indicated a high level of resident salisfaclion levels across a lange ol measures Ihal included the
industry accepted standard "Housemart" questions The nexl independent Resident Satisfaction
Survey will take place in 2025.
Rec
n & Coiilllltsi
The Charity is also conscious ol the need to raise awJrenesswilhin the wider cor,-
.￿Illry. and to contribute
to the welitieing ol the community beyond iiits iliiinediale beneficiary group. During the past ￿e1ve mor,
this has been achieved by..
The Charity is a member of the Almshouse Association.
The Charity is also a member of SPBM (Smaller Housing Providers Benchmarking Group).
As part ol ils desire lo raise awareness within the wider community. and lo support other
organisalions that share our objectives, the Charity has made ils resources available to a range
ol external organisalions. These include.. Age UK (Carers Support Group, Veterans group, Mostly
Men Club), Oakham in Bloom Steering Group, Co-op Ladies Group, The Trefoil Guild, the Oakh8m
Canal Trust projeGI, and the Baptist Chur¢h Sunday School.
The Charity continues to work cooperatively with Rulland County Council so as lo ensure that our
partnership arrangements WOTk effeclivety.
FUTURE PLANS
To assess any opportunities for potential development or incremental expansion where possible.
To improve the onergy efficiency ol our housing portfolio by commissioning an environmental survey lo
assist with the development of an energy efficiency policy, intended lo guide future decision making. This
will indude..
the evaluation ol the thermal performance of existing building fabric.
> a survey of exisling plant rooms.
> the survey ol associated land parcels for potential use as Ground Source Heal Pump locations.
> Suggest ways we can improve energy efficiency going forward.
16

THE HOSPITAL OF ST JOHN THE EVANGELIST AND OF ST ANNE IN
OKEHAM
GOVERNORS, REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
FUTURE PLANS {continuedl
Continue lo apply the accommodation slandards identified in the 2016117 Functional Suitability Study
into refurbishmenl work as properties become vaoanl Ilargel 4 per annuml.
Continue lo implement the policy around accessibility standards I leve1 access showers, as vacancies
permit Ilargel 2 per annuml.
Upgrade our emefgency lele-care response systems lo (Sigilal system5 in line with the B T move away
from analogue phone lines and explore the use of additional technology that may benefit our iesidenls.
To replace the roofs of 4 adjoining bungalows al Johnson Road. These are the most urgent, bul a
programme lo replace all the roofs al Johnson Road is planned over the next 2-3 years.
Completion of an independent quinquennial survey ol all properties. This began In 2023-24 with the
Uppingham inspections, and the completion of the Oakham siles inspections is planned for 2024-
25.
Review and upgrade our website and social media profile lo ensure more people know about what
we offer and the impact lo the people living with us of the support they gain in our community b£sed
independent homes.
The condition of all properties falling vacant will continue lo be addressed before re-lelling.
VALUE FOR MONEY STATEMENT 2023-24
The formal ol this year's slalemenl rèflects the publication in April 2018 of the Regulator of Social Housing's
Valu6 for Money Standard for RegiSte￿d Providers.
Metrics Specifigd by the règulator
Outcome
2023124
0.5°
Outcome
2022123
Metric 1..
Reinveslmenl O
Metric 28..
New Supply (Social Housing Unilsl O
NIL
NIL
Metric 2b'.
New Supply (Non-social HoLtsing Unilsl %
NIL
NIL
Metric 3".
111.760hl
13. 16Qknl
Metric 4..
EBITDA Imaior Repairs Included)
Interest Cover Vo
1,881%
1.719¥0
Metric 5".
Headline Social Housing Cost per Unit
£8,139
£7,619
Metric 6A..
Operating Margin (social housing letlings only)
19.51bknl
Melric68"
Operating Margin loveralll •
10.5V/o
10.2¥o
Metric 7..
Return on Capital Employed O
o.eo
0.50/0

THE HOSPITAL OF ST JOHN THE EVANGELIST AND OF ST ANNE IN
OKEHAM
GOVERNORS, REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
FINANCIAL REVIEW
In the year to 31 Ma￿h 2024, the Charity's finances benefiled from a positive outcome on nel incoming
resources, of some £96,05812023." £63,374). and from a 98in on inveslrnenl valuations of £562,64412023.'
loss or £311.7141. As a result, balance sheet total funds have increased lo some £12.3 million12023.. £11.6
million), within which eash and cash-equivalenls cornprise some È1.1 million12023.. £1.0 million).
Investments and investment performance are dealt with in more detail below.
Much of Ihe Charity's expenditure on operational prope￿eS 15 now accounted for as additions to fixed assets.
These amounled to £38,010 in the year 12023.. £283.5691. These costs and plans for lulure years are
significantly affected by the Governors, strategic decision not simply lo replace operational property assets
on a like-lor-like basis as and when they reach the end of their economically useful Iiv8s. bul to focus on any
available improvements better suited to the Charity's objective of providing accommodation suitable for
residents to live independently for as long as possible.
The Governors, approach lo financin9 these costs and plans is dealt with further below in the paragraphs on
Reserves and Reserves Policy.
Investments and Investment performance
The Charity holds investments on account of Permanent Endowment, Restricted and Designated Funds, the
investments being spread over farmland, listed investments and cash.
The investment management objectives are that".
the Charity shoul(5. over the long term, receive regular investment income sufficient lo ensure that il can
continue ils charitable activities at least al their present level and with lull allenlion lo the need for
maintenance and Tepair of operational properties.,
the Charity should maintain sulficienl liquidity in ils inveslrnent and cash assets lo be confident al any
one lime ol meeting its cash flow needs for the subsequent year",
whilst pijrsuing these income and liquidity objectives, management of the Charity's investments should.
so far as possible. maintain or erihance the value of the Charity's permanent endowment and other
investments.
In pursuing the above objectives, the Charty maintains a direct inve51menl in famland." maintains assets in
cash and in equity-based investments (managed by CCLAI in respect of ils Restriclecs Reserves., and has
arranged for the permanent endowment listed inveslrnenl portfolio to be man8ged on a discfelionary basis
by Evelyn Partners Investment Managers, within a framework ol ethieal investment criteria {adopled from
those published for the Chufch of England) and a willingness to be exposed lo a medium level ol market risk.
In ielation lo the investment income objective and the portfolio man8ged by Evelyn, the Governors sel 8
lar9el of £120,000 before fees for investment inwme in the year. Income received of £128,518 12023..
£126,345) exceeded this laigel. T￿ether with farmland and other investment income, total investment
income in the year was £175,381 12023". £150,781) before investment management costs of £24.19212023.'
£23,710).
In relation lo the liquidity objective there was no call during the year lo sell or re-allocate investments in order
lo make 8n extra contribulion to liquidity needs.
18

THE HOSPITAL OF ST JOHN THE EVANGELIST AND OF ST ANNE IN
OKEHAM
GOVERNORS, REPORT (CONTINUED
FOR THE PERIOD ENDED 31 MARCH 2024
FINANCIAL REVIEW Icontlnuedl
Investments and investment performance Icontlnuedl
As lo Ihe objective relatin9 to capital values, on 31 March 2024 the balance sheet lolal for investments was
£6,040,14212023. £5,937, 1771. The large majority of thi5 value is in assets which are independently valued
al the year end", lor one Category of investment the lafmland - the Governors. practice is to obtain a
professional valualion every Ihfee years, as such a fresh valuation was obtained in 2022, with the next one
due in 2025.
Re$erves and Reserves Pollcy
Al the year end the lolal funds held by the Charity were some £12.31 million, made up of..
£ million
10.79
0.48
0.48
0.56
12.31
Endowment funds
Reslricled funds
Urireslricled designated funds
Unreslricled general funds
The Endowment Funds are the permanent capital of the Charity. On the asset side ol the balance sheet,
they are represented by..
Operational properties held for the lon9 term".
Inveslmenls. the income from which is available lo subsidise operating costs, bul the capital value of
which is not expendable except with the consent of the Charity Commission.
The Re51ricled funds are also not available for expenditure. Formally they represent a Recouprnenl Fund set
up in two stages, firstly when the Charity expended capital towards the cost ol the South Street, Oakham.
flats in 1976, and secondly when capital was expended on the first development al Uppingham in 1980. In
both cases, the Charity was required by the Charity Commission lo sel aside an annual sum of £602 over
sixty years lo recoup this capil21. Vvhen that term expires, the capital ol the recoupmenl fund will be added lo
the Permanent Endowment inveslmenls.
By conlrasl, Unreslficled funds are available for expenditure al Governors. discretion in pursuit of the
Charily's purposes. Within this Category there are tsvo sub-categories
one where the Governors have
'designaled' or earmarked funds lor one or more particular future purposes. and General funds which have
not been so ear-marked.
Al the year end the Designated funds of £481.283 comprised an Exliaoréinary Repairs Reserve of £382.303
and a Cyclical Maintenance Reserve of £98,980.
The Extraordinary Repairs Reserve is used lo enable major propety expenditure lo be planned over a 5-year
timescale. having regard lo any need lor funding above the level ol ¢ashflow generated by almshouse
operations and investment income B85ed on this approach a Iransler of £16,542 h8s been made in these
accounts lo the Extraordinary Repairs Reserve from the General Reserve, leaving a balance of £382,303
12023.. £365.7611 which suffices, bul is not excessive, having regard lo current plans lor the next 5 years
A second designated ieserve (for Cyclic81 Maintenance) is maintained lo fund lesser, periodic, planned
repair5 2nd maintenance and is funded by an annual transfer from the income ol the Charity. TDlal
expenditure in the year of £113,16412023.' £115,099) was less than the annual transfer of £116,54212023.'
£112,37118nd the balance therefore increased to £98.98012J23". £95,602).
19

THE HOSPITAL OF ST JOHN THE EVANGELIST AND OF ST ANNE IN
OKEHAM
GOVERNORS, REPORT {CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
FINANCIAL REVIEW Icontlnuedl
Investmgnts and investmenl porfomiance {continued}
The General Unrestricted funds represent the accumulated balance to dale of the income ol the Charity after
meeting all almshouse, management and other running costs and transfers lo the Cyclical Maintenance and
Extraordinary Repair reserves. In common with other charities, the Charity needs lo maintain a balance on
such General Reserves in order lo ensure that, in the event of any abrupt or unlor&seen worsening in the
Charity's operating finances, the Charity can continue ils aclivilies for a sufficient period ol lime to be able lo
recover andlor find a new basis of financing ils aclivilies. The relevant annual ¢ost for the Charity is now
running al a level of approxifflale1y £0.69 million p.a. Ilolal resources excluding depreciation which Is not a
'cash cosl'l". the Unreslricled General Reserve al 31 March 2024 (£559,895) Iheiefore suffices lor some 9.75
months, operating 'cash costs,. The Governors consider th81 this is accepiable in eurrenl circumstances.
Risk mana
The Governors assess from lime lo lime Ihe major risks lo which the Charity is exposed and are satisfied
that systems are in place to mitigate exposure lo these. These risks relate lo..
providing and mainlainino a safe and secure environment for our residents and for others who work
al or visit the Charity's prernises.,
providing and maintaining governance, financial and adminislralive arrangements lo safeguard the
Charity's assets, to promote ils long-term health and to facilitate ils operational activities.
The Charily's rnain slralegy lo address these risks is lil lo review frorn time lo lime the particular areas where
such risks may be either mosl likely lo arise or where their impact would be most serious and to devise and
Implement particular mitigation plans as appropriate in the light of such review.. and lill al all times and on a
continuous basis lo keep under review, and lo report lo Governors. any work necessary lo ensure that the
Charity's properties provide a safe and secure environment.
In addition. Governors are conscious that the scale and smooth running of the Charity's operations depends
to a considerable extent upon governmental regimes, systems and services. Some aspects of the future of
these are subject lo signif1cant uncertainty. Governors seek to minimise the risks lo the Charity from such
uncertainty by keeping abreast of relevant developments lin particular through the Almshouse Associalionl
and by regular review, particulady al the lime of annual budgeting.
em
nl
20-

THE HOSPITAL OF ST JOHN THE EVANGELIST AND OF ST ANNE IN
OKEHAM
GOVERNORS, REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
Statement of Governors, responsibilities
The Governors are responsible for preparing the Governors, Report and the accounts in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounlino
Praclicel.
The saw applicable lo charities in England and Wales requires the Governors lo prepare financial statements
for each financial period which give a true and fair view of the slate of affairs Df the Charity and of the incomin9
resources and appli¢alion ol resources ol the Charity for that period.
In preparing these accoLJnls, the Governors are required lo..
select suitable accounting policies and then apply them consislenlly.,
observe the methods and principles in the Charities SORP-,
make judgements and eslimales that are reasonable and prudent.
slate whether applicable accounting standards have been followed, subject lo any material departures
disclosed and explained in the accounts., and
prepare the accounts on the going concern basis unless il is inappropriate lo presume that the Charity
will continue in operation.
The Govemors are responsible for keeping sufficient accounting records that disclose wilh reasonable
accuracy al any lime the financial position of the Charity and enable them lo ensure that the accounts comply
with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions ol the
governing insliumenls. They are a150 iesponsible lor safeguarding the assets ol the Charity and hence for
taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Governors. report was approved by the Governing Body on .1 ) .4. . % J*
D Pallinson
Governor
R Smith
Governor
21

THE HOSPITAL OF ST JOHN THE EVANGELIST AND OF ST ANNE IN
OKEHAM
INDEPENDENT AUDITOR'S REPORT
TO THE GOVERNORS OF THE HOSPITAL OF ST JOHN THE EVANGELIST AND OF ST
ANNE IN OKEHAM
We have 8udiled the financial 5talemenlS ol The Hospital of si John the Evangelist and of Sl Anne in Okeham for the period
ended 31 March 2024, which comprise the staiement of financial aclivilies, balance sheet, slaternenl of cash flows and
notes to the financial statements, includin9 a $uThmary of si9nificani Accountlllg policies. The finanrial ￿porting Irarnewo
that h3s been applied in their preparalion is appli¢able18w and United Kingdorn Accounting Standards. including Finanrial
Reporting Standard 102 The Fin2ncr81 Reporting Sl8ndard 8pplio8ble lo the LIK 8nd Republic of Ireland (Uniled Kingdom
Generally Accepted Accounling Practi￿1.
In our opinion the accounts..
give a irue and fair view of the $18te of the Charity's affairs as at 31 March 2024 and ol ils incoming resources and
8ppli¢8lion of resources, for the period then ended-.
have been properly prepared in accordance wilh the United Kingdom Genefally Accepted Accounting Practice.. and
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis lor opinlon
INe conducted our audit in accordance with Inlernalional Standards on Auditing IUKI IISAS (UK)) and applicablè law. Our
responsibilities under those 5tsnd8rds are further described In the ALJditDf'S responsibililies for the audit of the finanryal
slatemenis section of our report. We are independent OY Ihe Charity in accordan￿ with the elhiral requirernents that are
relevant to our audit ol the financial stalemenls in the UK, including the FRC'S Ethical Standard, and we have fulfilled our
other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained
is sufficient and appropriate to provide a basis lor our opinion.
Concluslon5 relating to golng con¢eTn
In auditing the financ￿87 slatemenls, we have concluded that the governors, use of the 90ing concern basis of 8wounling in
Ihe prep8iation ol the finan¢ial 5talemenls is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to evenl$ 01 conditions
that, illLlividually or colleclively, may casl 5ignifiGgnl doubl on the charity's ability lo continue as a going concem for a period
01 01 le8St tsvelve rnonths from when the firiancial statements are 8Uthori$et5 lor issue.
Our responsibilities and the ￿spOnsIbl11t1¢s of the tfU51ees with fespect to going concern are des¢ribed in the ￿leVant
section5 olthis report.
Other inf¢m12tion
The other information comprises the information induded sn the Governors. annual report, otherthan thefinancial statements
and our audilorfs report Iher8on. The Governors are responsible for the other inlormaiion. Our opinion on the financial
statements does not cover the oltter infomation and, except to the extent otherwise expli¢illy staled in OLsr report. we do not
expres3 any fom ol assurance conclusion thereon.
Our responsibility is to read the other infomation ond, in doing so, consider whether the olher infomiation is materially
inconsistent wilh the finanaal statements or our knowledge obtained in the course of the audit 01 otherwise appears to be
maierially misstated. If we identify such material inconsis18ncies or apparent material misstalemenls. we are required to
detemine whether this gives rise to a material misstatement in the financial 5talemenls themselves If, based on the worf(
we have performed. we condude thal there Is a material fflisstatement of this olher informalion. we are required to report
that facl.
We have nothing lo reporl in this regard.
Matters on whi¢h we are required to report by excgption
We have nothing to report in respect of the lollowng rn8tters in relation to which the Charities (Accounts and Reports)
Regulations 2008 require us to report to you if, In otjr opinion..
the inform81ion given in the Governors, report Is InGonsistenl in any material respect with the finanual stslements.. 01
suffiryent accountino rEcords have not been keot.. or
the financial statements are nol in a9￿ement wilh the accounting records and returns.. or
we have nol received all the information and explanations we require for our audit.
-22-

THE HOSPITAL OF ST JOHN THE EVANGELIST AND OF ST ANNE IN
OKEHAM
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE GOVERNORS OF THE HOSPITAL OF ST JOHN THE EVANGELIST AND OF ST
ANNE IN OKEHAM
Responsibiliti85 of Governors
As explained more fully in the Governor5. responsibilities slalemenl sel out on page 21, the Governors are responsible lor
the preparalion olfinancial stalefflenls and for being salisfiecs thal they give a true and faiiview, 8nd for such internal control
as the Govemors determine is necessary lo enable the preparation of financial stalements Ihat are ffee frorn malerial
misslaternent. whether due to frau¢S Dr error.
In prep8ring the fin8n¢ial statements. Ihe Governors are ￿spOnSible for 8sses8ing the Charity's ability to continue as a
going ￿nCern. disclosing, as applicable, rnatters related to going concern and using the goin9 concern basis of accounting
unless the Governors eilhei intend to liquidate the Charily or to cease operations, 01 have no realistic alt8tn3tive but lo do
so.
Audltor's responsibilities for the audit of the financlal statements
We have been appoinled 8S 8udilor under section 144 01 the Charities Acl 2011 and report in accordance with the Act and
rel£vanl regulalions made or having effect Iheieunder.
Oui objective5 are 19 obt8in reasonable assuran￿ about whether the financial s18ternent5 as a whole are free frorn material
misslalement. whether dLJe lo fraud or error, and to issue an 8uditorfs repori that indudes our opinion. Reasonable
assurance is a high level ol assurance, bul is not a guarantee Ihal an audit conducted in 8ccofdance with ISAS IUKI will
8Iw8ys delecl 8 material misstalemenl wheri Il exists. Mis51alementS Can arise from fraud or error and are considered
m8lerial if. individually or in the aggiegale, they could 18ason8bly be expected to influern￿ Ihe economic decisions of users
taken on the basis ol these financial statements.
Irregularities. incluLling fraud, are instances of non-compliance with laws and regulations. We design procedures in line with
our responsibilities. outlined above, lo dele¢l material mi5Stalemenls in iespecl of Iriegularities. including fraud. The exlent
lo which our procedures are capable of delecling irregularilieg, iricluding fraud is detailed below..
In addressing the risk ol fraud through man8gemenl override of controls, leslin9 the approprièleness of journal
entiies and other adjustments.,
Assessing whelher Ihe judgements made in accountin9 estimates are indicative ol 8 potential bias,
Evaluating Ihe ralionale of any significanl Iransaclions Ihal are unusual or outside the normal course of business.,
An81ytiGqI procedures are performed as well as substantive lesling to identify any potential misslalement due 10
fraud," and
The audit prtscedures would also involve being aware ol any such items frorn reviewing minules and third party
cornmunic2lions and reports and discussions held with slaft and managern2nt lo obtain an understanding.
Because of the inherent limitations of an audit, there is a risk Ihal we will nol delect 811 irregularities, including those leading
to a material misstalemenl in the financial statements or non-compliance with regulation This risk increases the more Ihal
compliance with a law or regulation is removed from Ihe events and transactions reflected in the financial 5talemenls, as
we will be les5 likely lo become aware of instances ol non-compliance. The risk Is 8150 greater regarding irregularities
occurring due to fraud rather than error, Bs fiaud involves inl8ntional con¢ealment, forgery, collusion. omission or
misrepresenlalion.
A further descripliDn of our responsibilities lor the audit of the financial statements is localeij on the Financlal Reporting
CDuncil's web511e at.. https."IlwvM.frc.org uklOur-WorklAudiVAudil-and-assurancelSlandards-and-guidancelStandard$-
nd-guidance-for-aLJditorslAudilors-responsibililies-for-audiVDescriplion-ol-auditors-responsibililies-lor-aud1I aspx.This
description foims part of our auditols report.

THE HOSPITAL OF ST JOHN THE EVANGELIST AND OF ST ANNE IN
OKEHAM
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE GOVERNORS OF THE HOSPITAL OF ST JOHN THE EVANGELIST AND OF ST
ANNE IN OKEHAM
Use ol our report
This report is made solely to tre Ch8riWs Govemors, a5 8 body, in accordance with Part 4 of Ihe Charitiès IA¢rA>unts and
Reports) Regulations 2008. Our audit woÉk has been undertaken so that we might slate lo the Charity's Govemors those
mattels we are required to stale to them in an au¢Jilors' report and for no other purpose. To the fvllest extent permitted by
law. we do noi accept or assume responsibslily lo anyone other than the Charily and the Charity's Governors as a body, for
our audit work, for this report. or for the opinions we have forrned.
ftLEouoLJ QLP
Pr1¢¥ Bailey LLP
ITr..JLLlq 2024
Chartered Accountants
statutory Audltor
36 Tyndall Court
Commerce Road
Lynchwood
Pelerborough
Cambridgeshire
PE2 6LR
Price Bailey LLP 15 eligible lo act as an auditor in term5 of section 1212 of thè Companies A¢1 2006.
-24-

THE HOSPITAL OF ST JOHN THE EVANGELIST AND OF ST ANNE IN
OKEHAM
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE PERIOD ENDED 31 MARCH 2024
Unrestrlcted Restrictgd P•rmanent
Total
Total
funds
funds endowmenPerlod ended Year ended
funds
2024
2023
Notes
Income and endowments f
Charitable activities
Inveslmenls
Other income
Donations and legacies
779.631
175.381
3,361
180
779,631
175,381
3,381
180
716.922
150,781
3,792
305
Total Income and endowments
958.572
958,573
871.800
Ex
endlture on..
Charitable activities
Investment management costs
666,759
24,192
171,564
838,323
24,192
784,716
23,710
Total r8$0urce$ expended
690.951
171,564
862.515
808,426
Nèt lncomlngllotst90ingl resources before
before transfers and galnslllossesl
on Investments
267,622
1171.5641
96,058
63,374
Net gainslllossesl on investments
59,011
503,633
562.644
1311.7141
N•t Incomlnglloutgoingi
resources beforo transfers
267,622
59.011
332,069
658,702
{248.3401
Gross Ifansters between funds
151.5931
602
50,991
Net movement In fund5
216,029
59,613
383,060
658,702
1248,3401
Fund balances at 7 April 2023
825,149
419.192 10,405,302 11,649,643 11,897.983
Fund balances al 31 March 2024
1.041.178
478,805 10.788,362 12.308,345
11,649,643
25-

THE HOSPITAL OF ST JOHN THE EVANGELIST AND OF ST ANNE IN
OKEHAM
BALANCE SHEET
AS A T 31 MARCH 2024
31 March 2024
6 Aprll 2023
Note$
Flxed assets
Tangible assels
Investments
5,563,811
5.937,177
12
13
5.428,182
6,040.142
11.46B,324
11,500,988
Current assets
Debtors
Cash al bank and in hand
15
53,718
1,085,100
35,960
461,314
1,138,818
497,274
Creditors: amounts falllng due withln
one year
{155,4231
16
1121,096)
Nei current 8Sset5
1,017.7*2
341,851
12,48e,o*
11,842.839
Total assets less current liabllitlO$
CreditOfS'. amounts falling due after
more than on¥ year
17
1177.7011
(193,1961
12,308.345
11,649,643
Net a5$ets
C•pifal funits
Unreslricled funds- general
363,786
559,895
461,363
Unrestricted funds - de$i9nated
21
481.283
1.041,178
825,149
Total unrestricted funds
10,405.302
Endowment funds
22
Including ￿ValUation reserve of £2,323,247 (2023.. £1.822, 141)
Rèstricted funds
23
Including revaluation res&N& of £365.31 112023.. £306.300J
10,788,362
419,192
478,805
12,308,345
11,649,643
The financial slatemenls were approved by the Governing Body and authorised for issue on
S19ned on its behalf by..
R Smith
Governor
D Pattinson
Govèrnor
-26-

THE HOSPITAL OF ST JOHN THE EVANGELIST AND OF ST ANNE IN
OKEHAM
STATEMENT OF CASH FLOWS
FOR THE PERIOD ENDED 31 MARCH 2024
31 Mar¢h 2024
6 Apfil 2023
Notes
Cash flow from operatlng actlvllles
80,555
184,395
Cash flow from Investing actlvltles
Purchase ol tangible fixed assets
Investment pur¢hases and disposals
Interest income
Investment income (net ol investment
management costs)
38,0101
141,2701
37,419
1283,5691
186.9461
15,698
113,770
111,373
Net cash flow from Investlng a¢tivltles
71.909
1243,4441
Cash flow from flnanclng a¢livitle5
Repayment Of bank loans
Drawdown ol loan
Interest paid
113.2951
115,1251
116.3311
115,3401
Net cash flow from flnanclng actlvltlès
129,6261
130,4651
Net In¢￿ase In cash and cash equlvalonts
122.838
{89,514)
Cash and cash equivalents al beginning of year
998,040
1,087,554
Cash and cash equlvalents at end of ygar
1,120,878
998,040
Cash and cash equlvalents conslsts of..
Bank balances and short tèrm dep05115
Investment cash balance5
1.085,100
35,778
461,314
536,726
Cash and cash equlvalenls at end of year
1,120,878
998,040
27-

THE HOSPITAL OF ST JOHN THE EVANGELIST AND OF ST ANNE IN
OKEHAM
NOTES TO THE STATEMENT OF CASHFLOWS
FOR THE PERIOD ENDED 31 MARCH 2024
31 March 2024
6 Aprll 2023
Note5
Note111- Recon¢lllation of net IncomollexpÈndlture} to
nel ¢ash flow from operollng aclivltie5
Net Incomlnglloutgolngl resources
96.058
63,374
Adjustments for..
Investment income recogni5ed in statement ol financi81
8Ctivilies
Investment management C051s
Depreciation and loss oft disposal ol tangible fixed as5els
Interest Payable
Interest re￿iVed
Decreasellln¢reasel in debtors
IDecrea5elllncrease in ¢￿dItorS
1137.9621
24,192
173,640
16,331
137.4191
117,7581
136,5271
1135,083)
23.710
184,644
15,340
115.6981
17,8601
55,968
Net cash flow from operatlng actlvltles
80.555
184,395
Note Illl - Investment purchJsès and dlsp0581s
Purchase ol other inveslmen15
Proceeds on disposal ol other investments
1313,4071
272,137
1655.636}
568,690
141,2701
186.946}
Note11111 . Depreciatlon and Impalmi•nt of tangibl• flxed
assets
Oepreciation and imp8irment of tangible fixed assets
Loss on disposal ol tsngible fixed assets
169.046
4,594
158.976
25,668
173,640
184,644
Analysis of changas In net debt
Balan¢è at
7 April 2023 Cash flows
Other
Balancè al
non.cash 31 March 2024
mvements
Cash
Loans due wilhin one ye8r
Loans due aftèr one year
461.314
114,7921
1193,1961
623,786
12,2001
15.495
1.085,100
116,9921
1177.701}
253,326
637,081
890.407
-28-

THE HOSPITAL OF ST JOHN THE EVANGELIST AND OF ST ANNE IN
OKEHAM
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024
A¢counling pollcles
Charlty Informatlon
The Hospital ol Sl John Ihe Evangelist and ol St Anne in Okeham is a Registered Charity and Registered Social
Housing Provider that is primarily an endowed Almshouse Charity.
1.1 Accovntlng conventlon
The Charity constitutes a public benefit entity as defined by FRS 102. The financial $18lemenls have been
prepared in 8c¢oidance with Accounting and Reporting by Chaiilies." Slalemenl of Recomrnended Piaclice
applicable lo charities preparing their a¢¢ounls in 8¢cordan¢e with the Financial Reportino Siandard applicable
in the UK and Republic ol Ireland issued on October 2019, the Financial Reporting Standard applicable in the
United Kingdofn and Republic of Ireland IFRS 1021, the Charities Act 2011 and UK Generally Accepted
Accounting Practice.
Th8 Charity is a Registered Social Housing Provider. In accordance with the requirements ¢1 the Housing
SORP, the Charity has applied the Charities SORP in the preparation of these financial slalements.
The account5 have departed from the Charities IA¢¢ounls and Report51 Reoulalions 2008 only to the exlenl
required lo provide a true and fair view. Thi5 departure has involved following the Statement ol Rècommended
Practice lor charilles applying FRS 102 rather than the version of the Statement of Recommended Practice
which is referred lo in the Regulations but which has sin¢e been withdrawn.
The accounts are prepared in sterling, which is the functional currency of the Ch8rily. Monetary amounts in
these finAncial statements are rounded to the nearest £.
The accounts have been prepared on the historical cost convention as modified by the revalLJation of
invèslmenls The principal accounting policies adopted are sel out below.
1.2 Going ¢oTrGer
Al the lime of approving Ihe accounts, th& Govérnors have a reasonable expectation that the Charity has
adequate resources lo ¢onts"nue in operational existence for the foreseeable future. Thus the Governors
continue lo Sdopl the going Concern basi5 of accounting in preparing the 3¢Gounls.
1.3 Charltable funds
Unre5tri¢ted funds
General funds
Unrestricted funds are available lor use al the discretion ol the Governors in furtherance ol Iheir charitable
objectives unless the funds have been designated lor other purposes.
29-

THE HOSPITAL OF ST JOHN THE EVANGELIST AND OF ST ANNE IN
OKEHAM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
A¢¢ountlng pollci$s {contlnuedl
Charltable lunds Icontlnuedl
Unrestriclod funds Icontlnuedl
Desi
nated
nds
The following unrestricted lunds have been designated al the discretion olthe Governors for specific purposes
as follows".
Extra
rdina
rè
air fund
The extraordinary repair fund has been set up lo lund large scale repairs, rènovations and improvements
which occur from time to time.
C clical maintenance fund
The cyclical rnaintenance fund has been Set up lo fund periodic, non annual, rèpairs and maintenance and is
funded by an annual transfer based on The Almshouse Association 9uideline fi9ures.
Restrlcted fund
Recou
ment fund
The Recoupment fund was set up in stages, firstly when the Charity expended capital towards the cost
of the South Street, Oakham flats in 1976, and secondly when capital was expended on Ihe Iiist development
al Uppingham in 1980. In btslh cases. the Charity was required by the Charity Commission to sel aside an
annu31 sum over sixty years to rècoup this capital. Wnen that tefm expires, the balance on Ihe Reserve will
be transferred to the credit of Perrn8nent Endowment and the assets hel¢J on account of the reserve
transferred to Fixed A5sel Investments.
Office
onver
ro
ec
This fund relates lo Social Housing Grant awarded lo lacilitale the development and provision of Affordable
Housing The use of the 9r8nt is restricted lo thè delivery ol affordable dwellings pursuant to Homes England,
Shared Ownership Affordable Home5 ProgTanime 2016-2021.
Permanent endowmènt funds
Permanent endowment funds represent the capital of the Charity and are invesled in Operational properties
li.e. almshouse residential properties), 18rm5and, listed investmen15 3nd cash. This capilal is not expendable
but the income genefated represents unre51ricled income.
Incomlng resourc•s
Income is recognised when the Charity is legally enlilled lo it.
All residents. weekly maintenance contributions are recognised when due and investment income is
recognised when receivable.
Resources expended
Expenditure is recggnised when a legal or ¢onstruclive r)bligation ha5 fallen due.
All expenditure is accounted for on an accrua15 basis. All expenses Includin9 governance costs are alloc8led
01 apporiioned to the applicable expenditure headings. Irrecoverable VAT is char9ed as 8 cost againsl the
8Ctivity for which the expenditure was incUr￿d.
-30-

THE HOSPITAL OF ST JOHN THE EVANGELIST AND OF ST ANNE IN
OKEHAM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
Accounllng pollcle$ Icontlnuedl
1.6 Tanglble fixed assets
Tangible fixed assets are initially measured al cost and subsequently Measu￿(1 al ¢osl or valuation, nel of
depreciation and any impairment losses.
Freehold land and houslng propertles
Freehold land Is not deprecialed. Depreaalion is charged so as lo write down Ihe cost ol freehold housing
properties lo their eslimaled residval value on a stralghl Ilne basi5 over their estimaled useful economic lives al
the following annual rates".
Main fabri¢ ol buildings
Over 100 years
Roof
Over 70 years
Windows and external doors
Over 30 years
Gas boilers
Over 15 years
Fire alarm5 and lifeline equipment Over 20 years
Bathrooms
Over 30 yeais
Mechanbcal inslallalions
Electrical installations
Lifts
Kitchtrns
Bijggy slore
Access rampslsleps
Over 30 years
Over 40 years
Over 20 years
Over 20 year5
Over 30 years
Over 30 years
The gain or loss arising on the disposal ol an asset 15 determined as the difference be￿en the sale proceeds
and the ¢arrying value of the asset. and is recognised in the statement of financial activities for the year.
Furnlshlngs and equlpment
Furnishings and equipment are slated al cost less 8¢cumulated depreciation Oeprecialion is piovided to write
off the cost of ass&ls over their expected economic useful lives on a slraighl line basis of either 10 /0 or 25%.
Soclal Housing Grant
here developments have been financed wholly or partly by Social Housin9 Grant ISHGI, the amounls of the
grants received are recognised as incoming resources using Ihe performance model. On the sale of a property,
or il an¢)Iher relevant event takes place, SHG may become repayable. although it is norrnally available lo be
recycled and used lor 8 new Social Housing project approved by Ihe Hotllos & Communities Agency. The
cumulative amount of Social Housing Grant received at 31 March 2024 w85 £3.086,870 16 April 2023..
£3,086,870).
1.7 Investment properties
Inve51melll property, which is property held lo earn rentals andlor for capital appreciation, is measured using
the fair value model and slated al its fair value al the reporting end date. The surplus or deficit on revalualion is
reco9nised in nel inc¢minglloutgoin91 resources for the year.
1.8 Impalrment of flxgd assets
Al each reporting end dale, the Governors review the carrying amounts of ils tangible and intan9ible assets lo
(Jelerrnine whether there is any indiGalion that those assets have suffered an irnpairmenl loss. If any such
indication exists. the recover8ble amount ol the assel is e51irnaled in order lo delerrnine the extent ol the
impairment loss lil anyl-
31

THE HOSPITAL OF ST JOHN THE EVANGELIST AND OF ST ANNE IN
OKEHAM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
Ac¢ountlng pollcles Icontlnuedl
Impalrment of flxed a$$ots l¢ontlnuedl
Recoverable amount is the higher ol fair value less costs lo sell and value in use. In assessing value in use,
the estimated future cash flows are dis¢ounled to their present value using 8 pre-tax discount r8le thal r8flecls
curfenl market assessments ol the time value of money and the risks specific lo the 8sset for which the
eslimates ol future cash flows have not been adjusted.
If Ihe re￿ver9ble amount ol an asset is eslimaled to be less than its C8rying amount. the carrying amount
ol the 8ssel is reduced lo its recoverable amount. An impaiment 105$ is recogn15ed immedialeSy in
incomellexpendilurel lor the year, unless the relevant asset is carried at a revalued amount, in which case
the impaimenl loss is treated gs a revalu8lion decrease.
Recognised impairment losses are reversed Il, and only il, the reasons lor the irnpairmenl loss have ceased
lo apply. Wnere an impairment loss subsequentSy reverses. the carrying amount ol the a5sel is in¢rea5ed to
the revised estimate of its recoverable amount. bul SO that the increasèd carrying amount does not exceed
the carrying amount that would have been determined had no impairment10ss been Tp¢ognisèd lor the as5Èl
In prior years A reversal ol an impairment Ioss Is recognised immedialely. unle55 the relevant asset is carried
in 81 a revalued gmounl, in which case Ihe reversal ol the impairment loss is Irèaled as a revaluation increase.
Investments
Investrnents are reco9nised initially at fair value which is normally the transaction price excluding transaction
costs. Subsequently. they are measured at fair value wilh changes recognised in 'nel gainslllossesl on
investments, in the Sl8tement ol Financial Activities il Ihe shares are publidy traded or their faiT value can
otherwise be measured reliably. Other investments are measured at cosl less impairrn$nt.
1.10
Cash and cash Èqulvalents
Cash and cash equivalenls include cash in hand, deposits held al call with banks, other short-tem liquid
investments with original maturities of three monlhs or less, bank ovordrafLs and cash held as fixed asset
investments. Bank ¢verdrafts are shown within borrgwings in current Iiabililies.
1.11
Flnan¢lal In$trum&nts
The Charity only has financi81 assels and financial liabilib.es ol a kind that qualify as b8$ic financial
instruments. Basic finanaal instruments are initially recognised al transaction value and subsequently
measured al their s$ttlernent value with the exception tsf bank loan5 which are subsequently measured at
amortised cost using Ihe effective interesl method 8nd fixed asset investments which are recognised and
subsequently measured In accordance with the accounting policy al nole 1 7.
1.12
Employ8e beneflt$
The c05t ol any unusèd holiday entitlement 18 rgcognised in the period in which Ihe employee's service5 are
received.
Termination benefits are Tecognised immediately as an expense when the Charity is demonstrably committed
lo terminate Ihe employment ol an employee or to provide lerminalion benefits.
1.13
Value addèd tax
The Charity 15 unable lo reclaim any Value Added Tax IVATI it incurs on its expenditure. This irrecoverabltr
tax Is a cost lo the Charity and consequently all figures within these financi81 slalemen15 afe slated in¢lusive
of any VAT incurred (unless stated olhetwisel.
1.14
Buslness comblnatlons
here acquisitions arè in substance the gifting of control of a busines$ to the Chanly the combinaiion is
Irealed as a non-exchange transaction and the lair value ol the gifted assets and liabilities in the transadion
IS fecorded as a gain or loss in the slalemenl of financial activities in the year ol combination.
-32-

THE HOSPITAL OF ST JOHN THE EVANGELIST AND OF ST ANNE IN
OKEHAM
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
A¢¢ounllng pollcles Icontlnuedl
1.16 Operatlng lease5
Renlals applicable to operating le8ses where subsequently all ol the benefits and risks ol ownership remain
with Ihe lessor are charged lo the slalemenl ol financial activities.
1.16 Major repalr Gosts
The Charity capilalises expenditure on housing properties which results in an enhan¢emenl of the economic
benefit ol the asset such as an increase in the nel rental stream over Ihe life of the property. An increase in Ihe
nel rental slreatll may arise through an increase in nel rental income, a reduction in future maintenance costs,
or 8 significant extension ol the useful life ol the pioperty.
Expenditure on wgrks which does not meet this criteria is wiitlen off lo the Statement ol Financial Activities in
the year in which il is incurred. This includes expenditure incurred lo ensure that the property ¢an maintain ils
eX151ing level of net rental income or the s18n($3rd of performance anticipated when ￿e property was first
acquired or ¢onslrucled.
Crlllcal accountlng estlmat6$ and Juflgement5
In the 8pplicalion of the Charity's accounting policie5, the Governors are required lo make judgement5,
estimates and assumptions about the carrying amount of assets and liabilitie5 Ih8t are not readily apparent from
other sources. The eslimales and associated assumptions are based on historical experience and other factors
Ihal are considered to be relevant. Actual resulls may differ from these eslimales.
The eslirnales and underlying a5svmplions are reviewed on an ongoing basis. Revisions lo acoounling
estimates are recognised in the period in which the estimate is revised where the revision affeGls only that
peno(J, tsr in the period of the revision and luluie peiiods where the revision affects both CL)rrenl and futu
periods.
Charltable actlvllles
2024
2023
Provision of almshouses - residen15' weekly mainlenance ¢onlribulions
779,631
716.922
Inveslmenls
2024
2023
Rental incomè
Incorne frorn listed investments
Interest receivable
9.444
128.518
37.419
8,738
126,345
15.698
175.381
150,781

THE HOSPITAL OF ST JOHN THE EVANGELIST AND OF ST ANNE IN
OKEHAM
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
Other Income
2024
2023
Common room lels
Sundry sile receipts
865
2,518
1,514
2,278
3,381
3,7g2
Analy51s by fund
Unrestricted funds
Reslri¢ted funds
3,381
3.792
3,381
3,792
Donations and legacles
2024
2023
Donation$ and gifts
180
305
34-

THE HOSPITAL OF ST JOHN THE EVANGELIST AND OF ST ANNE IN
OKEHAM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
Charltable a¢llvlt1tr5
Provlslon of Almshouses
2024
2023
Staff costs
Depreciation and loss on disposal of fixed assets
Day lo day maintenance
Cyclical mainlen8nce
231,742
173.640
75.931
113.164
24,897
4.170
768
24,865
55,240
27,706
8,406
70,141
2,639
1,459
198,853
184,644
66,547
115.099
30,867
2.610
662
18,373
57,188
24,674
8,361
51.843
2,472
Window cleaning and materials
Support worker expenses
Alert8call
Charitable bentsfil
Landscaping
Buildings and conten15 insurance
Management
Do>or entry system
Void properties
814,768
23,555
761,993
Governance costs Isee note 91
22,723
838,323
784,716
Analysls by fund
Unreslricled funds
Endowment funds
666,759
171564
603,155
181 561
838.323
784.716
Investment managemont costs
2024
2023
Investment management
24,192
23,710
24,192
23.710
35-

THE HOSPITAL OF ST JOHN THE EVANGELIST AND OF ST ANNE IN
OKEHAM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
Support costs
Gov$rnance
Costs
2024
2023 8a51s of allocation
Audit lees
Interest payable
7,224
16,331
7,224
16,331
7,383 100% charitable a¢tivilie$
15.340 100¢A chafltable activities
23,555
23,555
22,723
10 Governors
None ol the Governors lor any persons connected with them) received any remuneration from the Charity during
the year. Two Govemors were reimbursed a total of £149 lor travelling expenses during the year12023.' £3351.
-36-

THE HOSPITAL OF ST JOHN THE EVANGELIST AND OF ST ANNE IN
OKEHAM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
11
Employèè$
Number of employe9$
The average monthly number of persons employed by the Charity during the year was.
2024
Number
2023
Number
CEO
Office Manager
Property Services Managgr
Finance Officer
Residents, Support Worker
Housekeeper
The lull lime equivalent number DI employees re¢elving annual remuneration excluding employer pension
conlribLJtions in excess of £60,000 are..
£80,001 lo £70,000
Employment costs
2024
2023
Wage5 and salaries
Social security costs
Other pension costs
201,146
15,543
15,053
172,958
12.284
13.611
231,742
1g8,853
Rèmunèratlon of key management personnel
The remut)eralion of key management personnel is as follows.,
2024
2023
Salary
Contributions lo pension scheme
57,306
4,420
50.919
3.831
61,726
54,750
-37-

THE HOSPITAL OF ST JOHN THE EVANGELIST AND OF ST ANNE IN
OKEHAM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
12 Tanglble fixed assèts
Land and
bulldings
Flxture,
flttings and
84uiprn¢nt
Total
Cost
At 7 April 2023
Additions
Disposals
8.004,595
37,767
115.4231
65,634
243
16721
8.070.229
38,010
116,0951
At 31 March 2024
8,026,939
65,205
.092.144
Dtrpreciation and Impaimient
At 7 April 2023
Dèpfeciation charged in the year
Depreciation on disp05als
2.449,081
166,970
{10.8301
57,337
2,07
16721
2.506,418
169,046
113,5021
At 31 March 2024
2.605,221
58,741
2,663.962
Carrylng amount
Al 31 March 2024
5.421,718
6.464
5,428,182
At 6 Aprll 2023
5,555,514
8,297
5.563.811
38-

THE HOSPITAL OF ST JOHN THE EVANGELIST AND OF ST ANNE IN
OKEHAM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
13 F5xed asset Investments
2024
2023
Listed inve$tmenl$
Faiml8nd
Cash and cash equivalenls..
Investment managemenl deposit account
COIF dep0511 account . Extraordinary repair lund
COIF deposit account- Cy¢lic81 malnlen8n¢e fund
5.289.364
715.000
4.685,451
715,000
35.778
76,517
365,761
94,448
6,040,142
5,937,177
The farmland wa5 valued in March 2022 by Richardson Chartefed Surveyors an inrlependenl professional
valuer. The Governors are of the opinion that this revaluation colllinues lo reflect the fair value of the farmland
al 31 March 2024.
The listed investments are valued al market valuÈ. The Governors consider variability of investment returns on
the permanent endowment lo constitute Ihe Charity's major financial risk. This is mitlgated by retaining expert
investment managers and having a diversified inveslm8nl portfolio.
Movemènts In fixèd 8s5¢1 Investments
Cash
Shares
Farmland
Total
Cost or valuatlon
Al 7 April 2023
Additions
Valuation changes
Disposals
536,726
4,685.451
313,407
560,117
1269,6111
715.000
5.937,177
313,407
540,192
(750.6341
119,9251
1481.0231
Al 31 March 2024
35,778
5,289,364
715.000
6.040.142
Carrylng amounl
Al 31 March 2024
35,778
5,289,364
715,000
6,040.142
Al 6 April 2023
536,726
4.685,451
715,000
5,937,177
The loss on inveslmenl disposals during the year basèd on hislorfc ¢ost was £12.82412023.' gain of £95,666).
-39-

THE HOSPITAL OF ST JOHN THE EVANGELIST AND OF ST ANNE IN
OKEHAM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
14 Flnanclal In5tTuments
2024
2023
Carrylng amount of flnanclal assets
Equity instruments measured at lair valkje le55 impairment
5,289,364
4,685.451
5,289,364
4,685.451
Carrylng amount of flnanclal Ilabllitiès
Loans measured al amortised cosl
194.693
207,988
Financlal assets pledged a5 ¢ollateral
The loans a￿ secured and somtr carry 8 variable rate ol interesl as described in note 16.
The interest payments on these loan5 are therefc>re susceptible to chanoes in Interest rates. The Governors
acknowledge these risks, though Ihey 81s0 acknowledge Ih8t the financial impact of any increases in interest
Tates will be mili9ated by corresponding increase5 in the performance of their fixed 8sset investment5.
1S Dèbtors
2024
2023
Amounts falling due wlthln one year..
Other debtors
Prepayments and accrued income
3.805
49,913
35,960
53.718
35,960
16 Credltors: amounts falllng due wbthin one year
2024
2023
Note5
Loans and overdrafts
Trade creditors
Other credilors
Taxation and social security
Accru81s and deferied income
18
16,992
7.670
33
5.235
91.166
14.792
15.092
159
125,380
121,096
155,423
17 Credltors.. amounts falling due after rnore than one year
2024
2023
Notes
Loans and overdrafts
177,701
193,196
-40-

THE HOSPITAL OF ST JOHN THE EVANGELIST AND OF ST ANNE IN
OKEHAM
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
18
Loan5 and overdrafts
2024
2023
Long term housing loans
194,693
207,988
Payable within one ye8r
Payable after one year
16,992
177,701
14,792
193,196
Amounts includ8d above which fall due after five years..
Payable by instalmenls
1 D5.840
127,028
The long-lerm housing loans are secured by specific charges on the Charity's housin9 properties.
The Charity has loan fa¢ililies with the Norwich and Pelerborough Building Society and Rulland County
Council. The loan facilities are secured by specific ch8rges on the Charity's housin9 properties.
There are loans with Rutland County Council. One is a fixed rele loan which 15 repayable al a rale of 12°
per annum, the olher has a fixed annual capilal repayment with interest calculated at prevailing local
govemmenl rales.
The remaining loan with the Norwi¢h and PeterbDrough Building Society is repayable al a variable inleresl
rale based on LIBOR plus a rnargin 011.25%. subject to a minimum interest rate 014.2%.
The two loans oulslanding with Rulland County Coun¢il lolalling £109,84612023'. £110,216} are due lo be
fully repaid in 2048 and 2052 respectively. The loan of £67.34612023.' £77.7711 oulslanding with Norwich and
Pelerborough Building Society is due lo be fully repaid by 2028.
The charity h85 a loan fiom The Almshouse Association repayable ovgr 10 ye81s 101811in9 £17,500 12023..
£20,000) which is repaid in six monthly inslalmenls and due lo be lully repaid in 2031. The loan is interest free
and unsecured.
19 Lease Commitments
2024
2023
The future minimum operating lease payments are as follows..
Within one year
8elween one and two years
Be￿een Nvo and five years
12.221
18,332
12,221
12,221
30,553
41

THE HOSPITAL OF ST JOHN THE EVANGELIST AND OF ST ANNE IN
OKEHAM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
20 Analysls of ngt assets be￿tsen funds
Unre$trlcted Oesignated
funds
funds
Re5trlct•d Endowment
funds
funds
Total
Fund balances 8131 March
2024 are rÈpresenled by".
Tangible fixed assets
Investments
Current as5Ètsllliabilitie5}
Creditors due after one year
8,464
5,421.718
5,561.337
116,9921
1177.701}
5,428,1 B2
6,040,142
1,017,722
1177,7011
478,805
553,431
481,283
559,895
481.283
478,805
10,788,362
12,308,345
21 Oeslgnated funds
Balance at
7 Aprll 2023
Transfers
Balance at
31 March 2024
Cyclical maintenance fund
Extraordinary repairs fund
95,602
365.761
3,378
16.542
98,980
382,303
461,363
19,920
481.283
22 Endowmentfunds
Oepr*clatlon and
loss on disposal
of land and
bulldings
Revaluatlons Balance at
gains and
31 March
Ios5e$
2024
Balance at
7 Aprll 2023
Transfers
Permanent endowment fund
10.405.302
1171,5641
50,991
503,633 10,788,362
Trnnslers frtsm general funds of £50,991 include additions to land and buildings and loan Capital repaid durin9 the
ypar.
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THE HOSPITAL OF ST JOHN THE EVANGELIST AND OF ST ANNE IN
OKEHAM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
23 Restricted funds
Increase In
value of
Income Investments
Balance at
31 March
2024
Balance at
7 Apiil 2023
Transfors
Recouptnenl fund
419,192
59,011
602
478,805
24 Related parties
Durin9 the period, a Iruslee donated a prinlei al 8 value of £130 to the charity.
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