CHARI￿ REGISTRATION NO: 221336
LORD BURGHLEY'S HOSPITAL
ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025

LORD BURGHLEYS HOSPITAL
Contents
Page
Refererhce and administration
Trustees reporr
Independent examiners reFQrt
Statement of financial activtttes
Statement of assets
Notes to the financial statements

LORD BURGHLEYS HOSPITAL
Reference and administrntion
Trustees
The Most Honourable Maryuess of Exe￿r- Chairman, rePreSen￿d on Ihe Eoard of trustees by
Mrs Miranda Rock
The Agent to Burghley House preSe￿￿on Trust Limited
Mr David J Pennell
Mrjohn M￿h￿l
Indep¢ndent examiner
Mr Nicholas Reynolds CGMA
61 High St St Martin's
Stamford
Lincs
PE9 2LQ
Business address
Burshley Estate Office
Sramford
Lincolnshire
PE9 2LQ
Bankers
Natwest
The Malting5
2nd Floor. Bra￿ord Wharf East
Lincoln
LN5 7HA
Charity reglstration numbor
221336
Page I

LORD BURGHLEYS HOSPITAL
Trystees report for the year ended 31 March 2025
The Trustees present their report and accounts for the year ended 31 March 2025.
Statement of Trustees responsiblllties
Charity law re9uires the Trustee5 to prepare financial statements for each financial year vthich give
a true and fair view of the Sta￿ of affairs and the income and expenditure of the charity for that
F*riod. In preparing those financial statements. the Trustee5 are required to:
select suitable accounting policie5 and apply thern consi5trndy
make judgements and estimates that are reasonable and prudenl
prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the Trust will continue in the foreseeable future.
The Trusttts are responsible for keeping proper accounting record5 vthich disclose with reasonable
accuracy at any time the financial position of the Trustand to enable them to ensure that the financial
statements comply with the Charities Act 201 l. They are also re5wnsible for safeguarding the assets
of the Trust and hence for taking reasonable stsps for the prevention and derectyon of frdud and
other irregularities.
Aims
The Trust Yds formed in 1597.
The income of the Charity shall be aP￿led to the maintenance of the building knoym as Lord
Burghley's Hospital siruated in Station Road, Stamford. Ltncolnshlre to provide housing for nine poor
men andlor women and one warden.
Review of artivities
All 9 of the alms house flars were fvlty occupied throughout the year with no changes of residents
from the previous year. The chapel flat was used by St Martin'5 Church a5 office SFdce. The flats are
regularly mainuined. Canon Court continues to reside in the old wardens ftat wth his wife and
offer5 pasroral and practic315UPPOrt to re5tdents. He carries out other dutye5 Such as controlling
the central heating system and pay5 a discounted contribution in recognityon of this service. The
annual rent of £250 charged for the electri¢ity 5u&stauon was reinstated from January 2022 once
the hew lease wa5 in place.
Regerves policy
The Trusiees now believe having made provision into the reserves it provide a stable base for
the Charity's continuing attivities. whilst at the same time ensuring that exce55ive funds are not
accumula￿. The Truttees believe that the reserves are sufficient for immediate purposes as well
as being able to apply Some fund5 to Qvinquennial works, which are under review and
implemenution. The Quinquennial Inspection. in 2019. identified a considerabie amount of work ro
be carried out over the coming years.
Results
The Charity received incomè durin2 the year amountsng to £52.902 (2024 £50,191). The Trustees
Y￿re able to apply £27.12012024 £40,04T) for charitable purF¢se5. leaving a Surplus of £25.782
12024 surplus of £10,144) before transFers bet￿een bnd&
Pa¥e 2

LORD BURGHLEYS HOSPITAL
Trustees report (continued) for the year ended 31 March 2025
Investment policy
The Trustees of Lord Burghley's H05Pttal continue to review their wlicy to provide revenue for
eurrenc purposes and enhance growth over the longer ￿rrn, thereby enabling them to meet their
currenr and future ofy"ectives in accordance with the purposes ¢1 the Charity.
Risk assèsynent policy
The Trustees have considered the risks which the chariry faces and have taken all necessary steps
to Mitiga￿ those risks.
Public benefit
The Trustees confirm that they have complied with the duty in sectson 4 of the Charities Acr 2006
ro have due regard to the Charity Commission's general guidan￿ on public benefi[ 'Charities and
Public Benefit,.
Nominatlon of prosp¢rtive trustees
Prospective Trustees are nomina￿1 by existing Trustees and invited to attend a Trustees. meetingb
folbwed by an infom)al Meeting with the Chair and another Trustee. They are then given an
induction pack containing informaty.on about Lord Burghley's Hospital and the responsibilities of
being a trustee. which they take to peruse. If they decide to become a Trustee. they are co-
Ope￿ by being proposed and seconded by existing Trust￿ at the ntsxt meetyn& All trnstees are
encouraged to attend relwdnt training Courses.
Trustees
The Trustees who served during the year are shown on the Trust Information page and are
appointed by the Trustees.
By order of the Trustees
Date
WUL ILL
Mr5 Miranda Rock
Trustee
r David Pennell
Trustee
Page 3

LORD BURGHLEfs HOSPITAL
Independent examiners report to the Trustees for the year ended 31 March 2025
I report on the accounts which are Set out on pages 5 to 9.
Respective responsibilities of trustees and examiner
As the Charity's Trusrees you are responsible for the preparation of the accounts- you consider
that the audit requiremeni of sectyon 144 of the Charities Act 2011 (the Act) does noi apply for
this year and that an independent examination is needed.
It is my responsibility to examine the accounts (under section 145 of the Attl, to follow the
procedure5 laid down in the General Directions given by the Charity Commissioners {under
section 14515) (bl of the Act>. and ro state whether particular Mat￿rS have come to my attentton.
Basis of independent examiners report
My examination was carried out in accordance with the General Direcuons gven by the Chariry
Commissioners. An examination includes a review of the accounting records kept by the chari
2nd a Comparison of the accounts presented with those records. It also includes consideration of
any unusual I￿rnS or disclosures in the accounts. and the seeking of explanations from you a5
trustees ¢¢ncerning any such matters. The procedures undertaken do not provide all the eviden
that would be required irh an audit and, consequendy. I do not express an audit opinion on the
view jven by the accounts.
Indep¢ndent examiners statement
In connection wth the examination, no matter has come w my attention vA)ich &ves reasonable
cause to believe thaL in any material respect, the requiremenrs..
to keep xcounting records in accordance with settion 130 of the ACE and
to preparè attounts which accord with the accounting records and ta C¢)mply Nmth the
accounting requirements of the Act
have no¢ been rneL or to which. In my opinion. attencion should be drawn in order to enable
proper understanding of the accounts to be reached.
Mr Nicholas Reynolds CGMA
Datè
Independent Examiner
61 H4h Screet St Martin's
Stamford
Lincs
PE9 2LQ
Page 4

LORD BURGHLEY'S HOSPITAL
Statemen¢ of Financial Activities for the year ended 31 March 2025
2025
General
Funds
202S
DtSl8nated
Funds
2025
TrAal
2024
Total
No
Incoming rt50urces
Contribuuons R￿e1ved
Investmeni Income
Other income
50.856
1,586
460
50.856
1.586
460
49.638
93
460
Total income
52,902
51902
50.191
ftesour￿ expÈnded
Running e05ts
Building costs
Other operating wenses
19.051
19.051
7.635
434
17.2S5
21,163
1.629
7,635
434
Tot41 •xpendlture
19.415
7,63S
27,120
40.047
Net in(omlhW(oirtgolnz) rnsources beforn
other rn(0￿15ed gainj and los$es
33,417
(7.63S)
25.782
10.144
GaIn￿O0$S•S} on 1￿￿stM*nt assets
Reali5ed gain on investments
Unrealised Dinll105sI on investments
1&5921
(8.5921
47,256
N•t movement In fundg
24,825
(7.635)
17,190
57.400
ance brought forward
Re¢ommended fund transfers
10
10
524,977
124.5401
175,569
24.540
7c￿.s46
643.146
Balanu ¢arrled forward
525.202
192,474
717.736
700.546

LORD BURGHLEY'S HOSPITAL
Statement of Assets a5 at 31 March 2025
2025
2024
N¢xes
Des1￿￿ted funds
Generdl fund
Exrraordinary repair fvnd
Cyclical and rO￿tne mainzenance fvnd
Total designated funds
S25.262
143.891
48.583
717,736
524.977
137.371
38,198
700.546
Represented br.
Fixtd 4s$ets
Freehold Property
InveStn￿￿￿..
Charityes offici￿ Invesunent Fund
at market value as at 31 M#r¢h 2025
1,69169 AccumulaDon UnKs
Historlcal Cosc 119.373
426.490
435,134
Natl¢)nal Associati¢M Of Ajrnshouses
at market value a5 at 31 March 2025
1213
L161
1377 Cornmon Inves¢rnent Fund
Income Share5 - Historical Cost £668
42&703
437.295
Current assets
Cash at Bank
Debtors
287.637
3.318
290,955
264.180
3.281
267.461
Current Ilabllltl•s
Creditor5
11.9251
14,2131
Total lunds
71 Y.733
700.546
The notes on pages 7. 8 and 9 form part of these financial statements.
Th• financial statements were approved by the Truste¢s
D*t*
HAQL L
Mrs Miranda Rock
Truste¢
r David Pennell
Tnntee

LORD BURGHLEY'S HOSPITAL
Notes to the accounts ft>r the year ended 31 March 2025
Accounting policies
Accounting convention
The financial statements are prepared under the historical cost convention. except for the
freehold proFerty and investments, the basis of valuation of which are explained below.
Freehold Property
The freehold property consi5ung of the alms houses in Sramford. ¥YdS w'ven to the Charity
many years ago a5 part of irs endowmenL The alms houses are considered ro be heritage
a5*ts. The Tru5tee5 consider that thè e05t involved in attributing a value to the properties
outweighs the additional benefit to users of the accounr5 in assessing the Trustees,
stewardship of these assets.
Investments
The inVestmer￿ are ttated at market value in the accounts.
TrUtt￿$ Remuneration and Expenses
There were no Trus￿eS remuneratyon or È¥penses in the year (2024 - £Nil).
Contributions Received
ConrributTrons received relate to a maintenance charge received from the tenants in respect
of the alms house flats.
Page 7

LORD BURGHLEY'S HOSPITAL
Notes ¢0 the accounts (continu￿) for the year ended 31 March 2025
2025
2024
4 Investmert income
Incomè from listed invesunen
&nk dep051t interest
96
1.490
1.586
93
93
5 Other incomè
Annval p2ymeA¢ frorn the 6th Marquess ol Exeter Wll Trust
Wayleaves
Donations
210
250
210
2SO
460
460
6 Runnin8 costs
Utilities
R•fe$
Insurance
11,446
10.253
1.780
3.199
1.680
343
17.255
3.504
2.347
353
19,051
Helpline
Subscripllon to the National Alm$house5
7 Buildlng cost5
Repairs and Miin￿nIrKe
Refvrbi5hment
Quinquennial inspecrion
7,635
14.727
6,436
7.635
21.163
4 Other operating e¥p¢nses
Accountancy
Sundry 4xp4n$
434
434
1.629
1,629
9 Fixed asstt inYe5trnents
COIF
NAACIF
Fund value as at l April 2024
Investment market
435,134
Unrealised 8ainsll1035es) in year
Fun¢* value a5 ar 31 March 2025
{8.6H}
426.490
52
2.213

LORD BURGHLEY'S HOSPITAL
Note5 to the accounts (contlnued) for the year ended 31 March 2025
10 Reconciliation of funds a￿11able
Gener
Fund
Cyclical &
Roucsne
Mwntenance
Fund
Ordinary
Repair Fund
ance as at l April 2024
524.977
137.371
38.198
7C4).S46
SurplusllDefficit) For the Yw
24.825
17.635)
17.190
Tran5fws as per Am5house$ (see note bel¢)w}
124.5401
6.520
1&020
Redi5tribuDon of general lund balance
Balance as at 31 Ma￿h 2025
525.262
143.691
48,583
717.736
The AsS￿l0￿0n of Amshouses recommends the trnnsftr to reserve funds for each of the ten unit& which are
all over 20 years old. as from january 1991, as follow5-.
Tor4T
Extraordinary repair fund
A reserv¢ fund lor future major expendityre- £652 per uni¢
6.S20
Cyclieal maintenance fund
A fund retained by the trustses to meet
￿￿￿tenance occuring at incervals - £1066 per unit
10.660
Routine maintenan¢¢ fund
A budget sum to coyer rguune r#Wn￿nIfire- £736 per unit
7.360
Transfers from yneral fund
&520
18.020
24.540
P•g* 9