CHARITY REGISTRATION NUMBER: 221535 Archbishop Holgate's Hospltal In Hemsworth Flnanclal Statements For the year ended 31 December 2023
Archblshop Holgate's Hospllal In Hemsworth Flnanclal Slatements Year ended 31 December 2023 Pages Trustee5' annual report Ito7 Independenl auditorfs report lo the member5 atoll statement of ffnancial activities 12 Slolemenl of financlal poslllon 13 Notes to the linoncial slalements 141023 The following pag•¥ do not lomi part olthe flnanclal slatements Deloiled 51alemenl of financial activities 251024 Notes to the delalled stotemenl of financial actlvltles 27
Archblshop Holgale's Hospllal In Hemsworth Trustees, Annual Report Year ended 31 December 2023 The trustees present their report and the financial 5tatemenls ol the charity for Ihe year ended 31 December 23. Referenee and admlnlstrallve detolls Reglst•r•d charfty n¢mi• Archblshop Holgale's Hospllal In Hemswcflh Chathy reglstratlon numb 221535 Prfncl)al offlce Robin Lane Hemsworth West Yorkshire WF9 4PP The twstees R C Hcjwcroti J Cooke JDmSknoW A J Blaza D C Theaker RevR WHart P E Wainwright R WHyde S M Jennings A Scholey J Davie5 D P S Mackenie (Retired 7 March 20Y81 IRetired 13 Febru¢Jry 20241 CoFr•spond•nt Mrs A Ullyoti oirice Robin Lane Hemsworth WF94PP Land Agent Slephensons Rural LLP York Auction Centre Murton Road York Y019 5GF Inveshnent Advhors Cove Financiol Planning Ltd Unit 4 The Old Armoury Back Church SITeel court lIeY LS29 9DA
Archblshop Holgate'5 Hospltal In Hemsworth Truslees, Annual Report (eonllnii•dJ Year ended 31 December 2023 AvdSt Hoigh & Co Slalutory audlt¢ Grang8 Collage Womer51ey Doncaster DN6 98W Bankers HSBC mited 5 Markel Hill Bamsley South Yorkshire S70 2PY Sollcllors Ware & Kay 50liciltJ Sentinel House Peasholme Green York Yol 7PP Wrigleys Solieitots LLP 19 Cookridge Street Leeds LS2 3AG
Archblshop Holgate's Hospltal In Hemsworlh Trustee5' Annual Report (Conllnued) Year ended 31 December 2023 stNclure. gov•mon¢• and monog•m•nl Iru* Deed and ObJeclP¥es The TnJ5t 15 operated under a Scheme for the monogemenl and administralion of the charity as approved by the Chorily Commlssion 16 November 2j5. as amended by scheme dated I November2017. Archbishop Holgate Hospital was orlglnally founded by Robert Holgale Archbishop of Yofk from1544 to 1553. under Ihe terms of o bequest contained in Frys'will" He devised sub5tanlBJl hdding5 Of land to endow o hospital at Hemsw¢xlh in the county of York, His'will" conloined specific direction5 as to the administration of the Hospital and Ihe per%Jns being entitled lo live there. The principal ot4ecls of Ihe charity are= lol the provisM)n of housing accommodation for th8 ben&ficiaries Ibl such charftoble purposes for the benefits of the residents Icl to promole the educallon ot persons under the oge of 25 who are in need of financial osslstance and are resldent In the orea of benefit. Gov•mon¢• The Chlty is adffinislered by a Boord of Truslees SUPF)Orted by o iemuneraled admlnlslratlve a510n1. There are presently twelve Trustees ond all adminislralive work Is bosed al our offl¢e in Hem5WCrfth and from the homes of Trusleeslclerk. TNslees Recrullm•nt ond Tralnlng New Trustees are recrulted as needs orfise in accordance wilh Ihe scheme. Consid8rotion is given to skilL8 Trustees hove i.e. Solicitor5, Farmers. Accountancy. 8vlkllng 81c. The Twst is a Memberof the Almshouse Assoclatlon which provide5 advlce and support. It organlses semlncrs which Tnjslees attend. All Trvstee5 give their time ond experttse voknnlarily and receive no remuneratlon Cf Other benefits. The TnJsle&s fouow guldanc6 provlded by Ihe Charity Comm55slon and Almshouse Associotlon. The followng Trustees have been oppolnted slnce Ihe year end. N Smith Appointed 5 March 2024 Dr P J Greaves App(nted 5 Morch 2024 Rtsk Managemenl A revlew of the major risks lo wch the Charfty Is exposed has been conducted. Systems have been establlshe¢y to mitigate Ihe5e risks and these procedures cye periodically reviewed.
Archblshop Holgate's Hospltal In Hemsworth Tru3lees' Annual Report (conthu•d) Year ended 31 December 2023 Slruclur•, gov•monce and monagemenl (¢onllnued) Inv•3tm•nl Pollcy The Trust8es continue to V5e the services of independent financlal advlsors. Cove Financiol Plonning Limlted. The investment portfollo 15 cvrrenlly invested with LGT Weollh Management. This investment portfolio wlll be held long term, however, funds tolalling £l.575.(X)O may b8 required tor the purch058 of oddilionol farmland during 2024. Addlllonolly. o portfolio of cash deposit accoun15, or money market instruments. are held lo cover short tem) Ilquidity requiremenls. ond a5 an emergency fund. An inveslmenl sub<ommillee review the inveslment performance on a regulor bosis. Cove nanciol Plonning Limited report to the sub-committee and attend Trustee rneelings when required lo do $0. The investment pdlcy15 reviewed on an onnuol basis, With the next review due in September 2024. ObJg¢llv•s qnd acllYJN We have referred to the guldanc8 conlalned in the Charily Commi55ion's general guidance on public beneffl when revlewlng our aims ond objectives and In plannlng our future octivilies. The charitls principal activities are detailed below. Principal ActfvNI•$ The Trust proldeS and moinloins housing accommodation in a complex of 24 cottages lor elderfy persons previously livlng in an area ot defined benefit. When a collage becomes vocant the Trust advertises within Ihe chuTches of the qualifying porfshes and in local libraries. The Trusl welcomes opplicolions Irom oll section5 of the communlty. The Trust operotes the Holgol8 Award Scheme to offer financial support lo sludenls trom locol scho¢Js sforting a further education course. Pubfi¢ Benefil The Trust opens Its historic bulldings small museum and gardens lo pubfic acce55 and provide5 supported tours lo organtsed groups. school parties and individuols. The oim being lo enable the comrnunlly lo enjoy ond appreciate the history of the hospitol and enjoy the extenVe gardens.
Archblshop Holgate's Hospltal In Hemsworth Tru3tee$' Annval Report {¢onllnu•dJ Year ended 31 December 2023 Achlevements and pertomwnce Rouline maintenance work continued al th8 Alm5hous8s durtng 2023. along wllh work Identllled within th8 kjlesl Qulnquennlal Inspectlon. The eost section of woll¢d garden boundary wall was taken down ond rebullt. along wlth a large section ol the Iront ijoundary wall. Several pathways around the slle have been r&4ald and a programme ol repairs hove been undertaken Ihroughoul numerous oulbuilding5. The stolned-glass wlndows in the chopel and l¢)wer-level lead window5 in the office and boar¢*oom hove hod a programme of restoration. Fc41owlng o progromme of refurbishment, coltag8 6 is Current belng left vocont to help ImFrove Ihe almshouses facllllles and ald wellbelng. Resldent's lomilies and lriends can sfoy in the colloge. partlculcyly In tlmes of resldenl illness. or when vLsitlng from further af161d. This wovislon will b8 revlewed on on annval ba515. Followng a Porters Lodge Inspectlon, several safely Improvemenls were idenlified ond ocled upon. includlng new smoke and flre del&clion and panic bullons. A n8w replacement bathroom has also b&8n Inslolled. The devdoprnenl of a new formhouse at Hemsworth Farm. Huggale commencgd 2023. This project Is very near COmption. The original farmhovs8 wil have a schedule of works undertoken before belng lel on o seporo18 t8noncy. The Educalion Foundalion made awards lo fve locol stvdents 01 £5,OC(J p8rannum for up to 3 years. lo help with expenses and living costs whi15t at university lone student deferred lo 20241. An apprenliceship oword of £l.(XKI was made lo one locol slvdenl lo ossi%1 with c0515 a550ciated wlh their course. The Educolion Foundation oworded gronf5 tolclling £40.CQO to local schools lo help improve curriculum areos both inside schoo15 and in School grounds. Awords have ronged from £2275 10 £7,575, inclvding: Award 7.575 4,325 5.700 5.075 3.825 Ryhill Jvnior, Infonl & Nursery School Grove Lea Primary School, Hemsworth Carfton JunSor & Infant School. Sovlh 8msall Sacred Heart Cathollc Prlmary School, Hemworth Oakfteld Pa School, Ackworth Hnanclal review Income has decreased by almo £70.C(D in 2023. due to the retums from lisled investments. There h¢x been on Increose in expenses in the year of lust over £95.CQD. Thls Is parlly due to the Investment monogemenl costs, The cost of utllllles for Ihe almshouses hos also rtsen Con&derab. R•s•Th• po The CharlV5 policy to maintain these al a level whlch equates lo appr0matelY tW8fv0 months ot unreslrfcled expenditure, This is considered ad&qual6 to meet •merg8nci85 which may arise from tlme lo time. As al 31 December 2023. the chorilSes urY8Strlct8d reseNes omounled fo £721.729.
Archb15hop Holgate's Hospttal In Hemsworth Trustees, Annual Report (Cothwd) Year ended 31 December 2023 Plo)$ kn lu1• p•rfods An application lor the reFJocemenl of cotlage reor windows. fronl and rear porch window g102tng vpgrodes ond relocalion of cotloge exlraclor fans os l)een approved. These works are planned to commence May 2024. The fighting in Chap61 15 to be upgraded and o new Chopel boller Inslolled earfy 2024. The Tnjstees commSssloned the development of o bespoke Archblshop Holgale Hospital in Hemsworth website. The web5ile 15 dve lo go live in March 2024. The Trustrees are looking al Ihe possibility of inslalling boundary fencing lo hdp erLsure the ongoing secvrffy ond safely of the residents, Th8 Tru51885 hove had an offer accepted in principle of £1.575.1XD for the pwchase of 146 acres of fomlond, odjocent lo IcFnd cuwently owned by Ihe Trust. An Opie0110n for 11 planning peTmi55ion lo tum the as¢v11Vral barn al Willow Fom into Iwo residential dweUing5 has been submilied. The Tru51ee5 have agreed lo offer the same financial awards as 3)23 for Ihe Education Fovndolion to di51ribule in 2024.. a maximum of six students be offered up to .000 per annum lor up lo 3 yecr5, to help towards expensesliwng costs for further educatlon. and a maxlrnum of £40.tJJ) available for grants lo be ottered for local school prolecls lo help Improve currfculum areas. In addltlon. the Education Foundolion will have a further IO% di5crelional fund f disposal should Ihey feel further funds are necessary. Truslew, ie$pon$lbllNes Jlalement The trustees are re5ponslbla for preparfng the Iruslees. report and the ffnonclal statemen15 In accordance wllh appllcoble law and Unlt8d Klngd(yn Accountlng 5tondords Iunlted Klngdom Generaly Accepted Accounllng Practicel- The law applicoble to chorflles In Englond ond Woles reqvlres the chority tnJslees to prepore ftnondol stotemenls for each yearwhich give a Irue and lo view of the Stale of affair5 of the charily and ol the incoming resources and applicatlon of resources. of the charfty lor that perfod. In weparfng these finonclol slalemenls, the trustees ore reqvired lo: seled suiloble occounling F)olicie5 and then app them consislenlly,. observe the method5 and principl85 in Ihe applicable Charilles SORP,. make judgments and accounling eslimales that ore reasonoble and prudent., 51ale whether opplicoble UK Accounting Standards have been followed, subjecl lo any materid departures disclosed and exploined in tho finoncid slot•m?nts.' prepare the financial stotemenls on the going concem basi5 unless It is inappropriate to presurne Ihot Ihe charify wll continue in bJsine5S.
Archblshop Holgate's Hospllal In Hemsworth Trustee$. Annual Report(¢onllnwdJ Yeor ended 31 December 2023 The trustees ore responsible for keeping adequate accounting rec¢xds that are sufflclenl lo show ond explain Ihe charily's transactions and dlsclose wtlh reasonable occvrocy al ony lirne the financial p051tion of the charfty and enoble them lo ensure thot the financial slalemenls comply with the Charflles Act 2011. the applable Chorities IAccoun15 ond Repor151 Regulations. and the Fiovi%ion5 01 the Tru51 Deed. They ore atso responsible for safeguarding the ossets ot the charlty and hence for taking reasonable steps lorlhe pr&v&ntlon ond detection of fraud and other rregularilies. The financial statemen15 hove been pr8par8d in accordance wilh the accounting policies set out in notes to the accounts and compty wllh the ChoriW5 governing documenl. the Charitie5 Act 2011 ond Accovnling and Reporting by Charfties: Statement of Recommended Procllce opFJlcoble lo charities prepc¥ing Ihelr occounls In accordance with Ihe financial Reporting Standard IFRS 1021 applicoble In the UK ond Repvblic of Ireland published on 16 July 2014. The trustees. annual report wos approved on .. of truslees by., and signed on behalf of the boaid D C Theoker Truslee oaL
Archb15hop Holgate's Hospllal In Hemsworth Independenl Audilor's Report to the Members of Archbishop Holgate's Hospltal In Hemsworth Year ended 31 December 2023 Oplnlon We have ovdlled the flnonciol stolemenls of Archblshop Holgole's Hospltol In Hemsworth Ithe 'chorityl forthe y8ar 8ndeé 31 Decèmber 2023whlch comprise th8 slotemènl of finaneiol actlvities. slolemenl of flnanciol posltion and Ihe reloled noles, includlng a summory of signlflcant accounling policies. The financial reporting framework that has been oppli8d in th81r preparation 15 applicable law and Unlled Klngdom Accounllng Standords. includlng FRS 102 The Rnondal Reporting Slandard appllcable In the UK ond Reputrjic of Ireland Iuniled knngdom Generally Accepted Accountlng Praclicel. In our opSnlon the nancIal statements: give a true ond lair view of the slote of the charilys affair5 as at 31 December 2023 and of Its incomlng resources and appllcatlon ol resources. Includlng Its Income and expendtLYe. for the yeor Ihen ended.. hove been propgty yepared in accordance wilh United ngdorn Generaliy Accepted Accounting Practice; have been Fyepored in o¢cordonce with Ihe requiremen15 of the Charitie5 Act 3)1 l. Bath for oplnlon We condvcled our oudil in accordance with Inlemational Standards on Audiling IUKI IISAS IUKII and applicable law. Our responslbllltles under Ihose standards are turther descrlbed In the auditorfs responslbllllles torthe audit ol the Ilnanclal stalemenls section ol our report. We ore independent of the charlty In occordonce wilh the ethical reqviremenls thot are relevant to our audit ol Ihe nanclal stalemenls In the UK. including the FRC'S Ethical Stondard. and we have fulfilled our olher elhlcal respongbllltles In accordonce with these requirements. We bdieve that the oudit evidence we have oblalned Is sufflcient and opproprfjole to prowde o boys for opinion. Con¢luslons r•lallng to golng concem In audlllng the finonclal slatements, we hove concluded thal the Iruslees, use of the going concem basis of accounting in the preparalion of the financlal slotement5 Is apwoprtate. 6a5ed on Ihe W¢3fk we have performed. we have not Identlffed ony materfal uncertalnlles relotlng 10 gvenls or condlllons that. IndSvldually or collectlvely. may cosl signlficanl doubl on the chatlty's abmily to conllnve as a golng concem fora perlod of al leosl Iwelve months from when the flnanclal 5talements are authorfs8d for Issue. Our responslbwilles and the responslbllltfes of the trustees with respect lo going concem are described In the relevanl sectlons ol this report.
Archblshop Holgate's Hospltal In Hemsworth Independent Audltor'$ Report lo Ihe Members of Archblshop Holgate's Hospllal in Hemsworth {conllnu•dJ Year ended 31 December 2023 oth•r knl¢xmthn The olher inlormotlon comprises the Informallon included In Ihe annual report, other than the nanclol slolemen15 and our oudltor's report thereon. The trustees ore SPOnsible for Ihe other Infomalion. Our oplnlon on the finonciol statements does nol cover the other informolion and, except lo the extent otheise explicilly slated in our rept. we do not expres5 ony form of assurance conclusion Ihereon. In connecllon wlth our audll ol the ffnonclal stalemenls, our responslbilify [5 to read the other inf¢)rmotion ond. in dolng $0, consid8r whether the olher informatlon is materially inconsistent wtlh the flnanclal slolemenls or our knowledge obtained In Ihe aurfit or olherwise opp801s lo be malerlolly mtsslated. Ifwe Identlfy such matertal Inconsislenci85 or apporont moterfiol missfatemenls, we ore required lo determine whelher there is a maleriol mis5tatemenl in the financiol slalements or a malerfal mtsstotemenl of the other informalion. If, based on the work we have pgrformed, we conclude Ihat there Is a materfol mi5Statement of Ihis other infcfimollon. we are requlred lo report thal facl. We have nothlng to report in this regard. Mallers on Twhlch we are reqvlred lo report by èxcepfion In the Ilghl of Ihe knowledge ond understandng of the charity and its environment oblained in the coutse of the audm, we hove not klentifted material mlsstalemenls in the Iru5tee5' report. We hove nothing to report in resp6cl of the folbwng matters in relation to which the Charit195 Acl 2011 requires us lo report lo you if. In our oplnion.. the informallon glven in th8 Irvstees. report 1$ inconslslenl in ony material resp* with Ihe financlal statement5: or Cequate occounling recd5 havè not been kept: or the Ilnoncial statements or8 not In agreement with the accounling records and relums; or we hov8 not recelved all Ihe Inforrnalion ond explanatlons we require for our oudil. Responilbifii•i of tnrfl••s As exploined more fully in the Iruslee5' responsibltieS stotemenl, Ihe Iruslees ore responsible for the preparation of the financial statements and for being 50tisfled thol they give a Irue and folr view. ond for such intemd control a5 the truslees delermlne Is necessory lo enable the preparation of flnanclal statements Ihal are fre8 from molerial mlsslolement, whether due to froud or error. In preparing the ffnonciol 5talement5, thg trustees a sponsIble fcf assessing the charlty's atjlity lo continue as a golng concem. disclong, as appffcable, matter5 related lo going concern and using Ihe going concem btss ot occounting unl8ss the tru5tee5 eilher Intend to liqvidate the charfty or lo ceose operallons. or have no realistic attgmativa but lo do 50.
Archblshop Holgate's Hospltal In Hemsworth Independent Audltorfs Report to the Members of ArchblslK)p Holgate's Hospltal In Hem$worth (cothuedj Year ended 31 December 2023 Audllor'i r•spon¥lbllMlei lor the audll ol the Ilnunclal thtt•m•nlJ Our obJedfves are lo obloin reasonable assurance about whether the financial statemen15 as a whole ore free from malerfol mlsslatemenl. whelher due to fraud or error. and lo Issue on audllofs report that includes our oplnion. Reosonoble assurance Is a hlgh level of ossuronce bul Is not o guarantee that on oudll conducted in accordance wllh ISAS IUKI wll olwoys detect a molerial mlsstatemenl when it exists. Misstalemenls can arfse from frovd or etTor and are considered material il . Individually or In oggregole. they could reasonably be expected lo influence Ihe economic declslons of vsers on the basis of these Ilnancial stalemenls. Iireguloritles Including fraud are instances ol nOn<0mplanc8 with laws and regUtIOns. We deslgn yocedures in line wllh ourrespon5il1ties. outline above. lo delect moleriol mi55talemen15 in respect of irregul¢JSties, including fraud. The extent lo which ovr procedures are capable ol del8Ctlng iTheguknrities is detailed below: We obtained an understanding of Ihe legal and regulolory framework5 that are applicable lo the charity ond detemiined Ihal the most signilicant are those that relate to the reporting framework IFRS 102 and the Charfties Ad 2011 l. We comnwnicaled the identifSed laws and regulalSons throughovl our team and remained olert to any indications ol non<ompfiance throughout the audit. As part ol an audit In accordonce wlh ISA5 IUKI. we exercise professional jvdgemenl and maintain prole55ional sceptlclsm throughovl the au(Sil. We also carrfed ¢Jul the following the audil procedur8S.' Held discu55ion5 with management. Ihot inclLQed con5ideratlon of known or suspected instances of noTrcompllonce wlh Iow5 and regUations. Challenged assvmpllons ond wdgernent5 made by manogement in ils $ignificanl accounllng estlmotes Ihol invdved making assumpllons. Tested any transaction5 entered that are outside of the n¢ymal course of the charftvs affalrs. Revlgwed recent corresF)ondence wh the componY$ goI advisors lo ensure that 11 allgned with any conclusions drawn In respect of ony oulslanding or uncertain legal motter5. Evolualed Ihe overall. prasenlolion, structure and content of the ffnonciol slotemenls. including the disclosures . ond whelhw the linanciol stalements presanl tha underfying Iransaclions and events In a manner that a¢hieve5 fair presentation. However, Ihe primary r85ponsibility for lhe yevenlion and d8t8Ctlon of froud still rests both those chtjrged with govemance of the entity and the manogemenl teom. A further descrfptlon of ovr re5ponsibilitles is k)cated on the FinancKJl Repcytlng Councll's website ot., hllps.'IlWww.Irc.org.uVaLIto1sr8Sponsbfj1Ifle$, This th5criplion forms part ol our oudil report. 10-
Archblshop Holgate's Hospllal In Hemsworth Independent Audltor's Report to the Members of Archbishop Holgale's Hospltal In Hemsworth (¢4xthu•dJ Year ended 31 December 2023 of our r•port This report s mode solely lo the chorilvs memb8rs, os a l)ody, in occordonce with secllon 144 of the Charities Act 2011 and regulatlons mode under seclion 154 of that Act. r audit work hos been undertaken so Ihol we might slate to the charity's members those nKtters we ore reqvlred to stale lo them in an auditorfs rep¢Jrt ond for no other purpose. To the ftjllest exlenl perrnltted by low, we do not accepl or ossume responsibilily to onyone olher thon Ihe charity and the chariws member5 as a body, for our au . for Ihi5 report, or fu the oplnions we have tonned. Hoigh & Co Slolvlory oudltor Gronge Cotlc98 WornersÈy Doncader DN6 9BW
Archblshop Holgate's Hospltal In Hemsworth Slalement ol Flnanclal Acllvltles Year ended 31 December 2023 2023 Unreslricted Endowment funds funds Total funds Tolol funds 5)22 mole Incorn• and endowm•nls Donations and legocies Inveslmenl inc¢Jme 11.290 499.859 430.347 430.347 Tolal kncom• 441.528 441.528 511,149 Expendlluie Expenditure on roising lunds: Investment monagement costs Expendllure on choritable actlvilie5 Tolal •xpendlur• 138,8001 1464.4211 1503,2211 145,5801 (84,380) (464.421) {45.) (548,801) 139.1811 1414,3681 1453.5491 7,8 Net goins on Investmenls io 43.394 183,976 227.370 Net Income 118.2991 138.396 120,097 57,0(X) Transfet3 between funds 15 62.$3J 1625301 other recognlsed gains and los$o¥ Other goins/l1055e51 movem•nl In Ivnds 3.256,830 44,231 75.866 120.097 3.314.430 Ileconcllkrtlon ol lunds Total ndS brovghl forward Total Ivnds carf¢d lorwtyd 1,784.260 22.457.478 24.241,738 20,927,308 1.828.491 21533,344 24.361.835 24.241.738 The slalemenl of financial activlties includes all goins and losses recognised in Ihe yeor. All income and expenditure derive from continuing oclivities. The noles on pag•$ 14 to 23 foim part ol these Ilnanclal stalements. 12.
Archblshop Holgate's Hospltal In Hemsworth Slalemenl of Flnanclal Poslllon 31 December 2023 2023 2022 Nole Flxed a3s•t$ Tangitje fixed 055els Investmen15 16 17 2.504 23,040,106 ,761 17.268,SJO 23,442,010 17.S)4.261 Current a15•ts Debtors Current Inve51menls Cash ot bank ond In hond 18 19 72.471 637A34 96,337 .782 6,932.565 80a,342 7.013.347 Cied11015; amounts falllng due wféhln gne year 87.117 75.870 Mel eurrent assets 719,225 6.937.477 Tolal a$$els les¥ cvrr•nt Ilabllllles 24.361,835 24,241.738 N•t osseli 24.361.838 24.241,738 Funds ofthe chorfty Endowment funds Unre51ricled funds 22.533.344 1.828.491 22.457.478 1.784,260 Total ¢hqthy lunds 22 24.301,835 24,241,738 These ffnanciol 51olement5 wer8 opproved by the board ol tnJ51ees and authorised for issue on .i.u.Lko.IzL* and ore signed on behalf of the board by: J D M Sknrrow TnJst8e D C Theoker Trustee RWHY Trustee lh• notes on pag•s 14 to 23 fomi part theSe ffnancial 51al•ments. 13.
Archblshop Holgate's Hospllal In Hemsworth Notes lo the Flnanclal StotementS Year ended 31 December 2023 Gen•rgl Inlomiotlon The Chority is a public benefit entlly and a registered chority in England and Woles ond is unincorporoled. The oddress of Ihe princii)al offic81s Robin Lane, Hemsw¢)rth. We51 Yotk5hire. WF9 4PP. stol•rn•nt of compllanc¢ These financial slat8m8nls have been prepared In compliance wlth FRS 102, The Financial Reporting Standard applicable in the UK ond the Republic of Ireland,. the Slotemenl ol Recommended Practice applicable lo charities preporing their accovnls in accordonce wlth the Financial Raporling Standard applicoble in the UK and Republic of Ireland IFRS 1021 Ichorilies SORP 2019IFRS 10211 oné Ihe Charities Act 2011. Accountlng pollcles (a) IlS ol preparaNon The financial slatemgn15 hov8 been prepared on the hislorfcal cost bosls, os modified by Ihe investment prop8rt185 measured ot lair value through Incorne or expenditure. The financlal 51alernents are prepared in slerting, which Is the ftjnctional currency of the entity. The charity meels the delinilion ol a public benefit entity under FRS 102, (b) Golng ¢oncern There are no material uncertainties oboul the charity's ability to conllnue. (¢) DIKlosure exemptlons The enllly lolLs lo meet the definltlon of a large chorily os deffned In FRS 102 ond so solisfies the crilerfa of belng an entity qualltylng for reduced disclosures. As such, advonloge has been taken ol the folk)wing disclosure exemplions available under parograph 1.12 01 FRS 102.. lil No cosh flow 51olement has been presented lor the charHy. (d) Judgemerrts and k•y $owce$ ol esllmollon vncertalnty The preparcllon of the financial 5talemen15 requires monogemenl to make ludgemenl5. estlrnales ond assumption5 Ihal affect the amovn15 reported. These esllmoles orTrdjudgementS are continually reviewed and are based on exp8rfence ond olher factor5. including expectalions of future ev8nls that are believed to be reasonoble under the circumstances. (e) Deblors and prep)ymenls Debtors In respect of rents recelvable In aearS are recognised according lo the portion of the perfod ou151onding. Prepayments are volued at Ihe amount prepaid over the full period. (fj CuThenl Inv•slments Current inve5tmen15 relate lo bonk accounl deposits hdd in term accounts wllhln a cosh inveslmenl plallorm. 14.
Archblshop Holgate's Hospltal In Hemsworth Notes to the Flnanclal Stalements {conllnu•d) Year ended 31 December 2023 Accovnllng pollel•s (conllnu•dJ (g) C¢ih at bank and In hund Cash at bonk ond in hand relates to highly liquid assels with instant occess. (h) Fund o¢eauntlng Unre51ricted funds ore available for use ot the discretion ol lh8 Iruslees lo further ony of the charitys ppoSe5. Deslgnoted fund5 are unreslrfcled funds earrnorked by the truste85 for particular future prolecl orcommitmenl. Reslricled funds are subjected to reslrlcllons on their expenditure dgclared by the donor ¢y through the tems of an appeal, and fall into one of two 5ub<la5ses: reslricled Income lund5 or endowment funds. (l) Credltafs aDd accruali Accrva15 are recognlsed when the charlty hos o present obligation re5ulling from a past event that will yobably result in the transfer of fund5 to an third party and the omount due can be measured rellably. U) In¢ornlng Yesouices Rentol Income 15 accounted tor on a recelvable basis by the Chlty. Olhei investment incorne Is occounled fcwwhen received. (k) Resources expended Exp8ndilure is recognlsed when o liability is incurred. Invement manag8menl cosfs con515t of land ogent rxofes5ional fees and Investment port100 management costs. The laller being charged lo the Permanent Endowmenl. Charftable oclivities include expgndilure associoted with the day lo doy operation of the Hospital and the maintenance of the charitoble o55el5. Support C0515 include those IncutTed in the govemance of Ihe charity and It assels and are Fjfmarity associated wlth conslitvlional and statutory requirement5. 11) Tanglble assets Tonglble osset5 are inillalw recorded al cost. ond subsequently slaled al cost 185s any accumuloled depreciollon ond impairment losses. Any long1ke assets carried al revalued amoun15 are recorded ol the lair value at the dale of revaluation less any subseqvenl occumulated depreclation and SLJbsequenl occumulaled irnpairmenl10sses. 15-
Archblshop Holgate's Hospltal In Hemsworth Notes to the Flnanclal Stalements (CDnMnu•d) Year ended 31 December 2023 Accounflng pollcles [conllnu•d) (m) Dewe¢lallon Depreclolion is calculated so os to write off the cost or valuation of an ossel, le55 115 residual volue. ovw the useful economic life of that a55et a5 frllows.. Freehold Property Equipmenl l 0% slralghl ne 20% stroighl line (n) Inv•slm•nls Unlisted eqully investm8nls are initially recorded at cosl, and svbsequenlly meosured al lair value.11 lair value cannol be reliably measured, as5els are measured ot cost less impalmenl. Listed inve5tmentg are measured at fair volve with changes in loir value bng recogni%ed in income or expenditure. {•) Inv•Jtmenl property Investment property is InitllY recorded ot cosl. whleh Include5 purchose price and any dir8CtIy atlribulable expendllure. Investment property 15 revalued lo Ils foir value at each reporting dale and any change5 in fair value ore recogni5ed in Income or expenditure. (p) Flnanclol In¥lrum•nts Finonaal Instrumen15 ore classllied and accounled lor. according to the svbstonce of the contractual arrangement. as either finoncial assels, ffnancial liobililies. or equity instruments. An equlty Inslnjmenl is any contract that evidence5 a rfysidual interest in ossels ol the company alter dedvcling all of Its liabilitie5. (q) Dellned contrfbutlon plans Contributions lo defined conttlbulion plans are recognised as an expense in the perfod in which Ihe related servlce is provided. DonaHgns and10gocI•s Unreslricled Tol(rl Funds Unreslrlcted Total Funds Funds 2023 Fur)ds 2022 Olher dènaNons and leguclei Mainlenonce conlribvtions Guest accommodation 11,021 11.021 160 11.290 11,290 11.290 11.290 16
Arc hblshop Holgale's Hospllal In Hemsworth Notes to Ihe Nnanclal Statements fconflnu•dJ Year ended 31 December 2023 Inveslmenl Income ueStriCted Tottl Funds Unrestricted Totol Funds Funds 2023 Funds 2022 Income from investment properties Incorne from listed investments Bank intere51 receivable Wayfeaves 272.&30 140.302 14,605 2.610 272,830 J40.302 14.605 2,610 272,165 224.684 4(K) 2,610 272,165 224,684 400 2,610 430.347 430.347 499.859 499,859 Inv•slm?nl managemenl costs Unrestt1cled Endowment Total Fvnds Funds Funds 2023 Investment property professional cos15 Property repalrs and maintenance charges Inveslmenl monogemenl costs 16.210 14,196 8.394 16,210 14.1 V6 53.974 45,580 45.580 84.380 Unreslricled Endowment Tolol Funds Funds Fund5 2022 Inve51menl property professional costs Property repalrs and moinlenance charges Inv85tmenl management costs 30,984 8,197 30,984 8,197 39,181 39.181 Expendllure on charftable acliYitl•s by lund type Unrestricted Tolul Funds Unre51rfcled Tolol Funds Funds 2023 Funds 2022 Operolion ol Ihe Hospltal Education fund owords Support costs 308,593 106,OCKI 49.828 308,593 104.01 49,828 276.945 99,371 38,052 276.945 99.371 39,052 464,421 464.421 414,368 414,368 8. Exp•ndlture on charlloble aclfvllles by ad¥lty lype Activities vnéertaken dlreclly Support Costs Tolal fvnds 2023 Total tund 3)22 Operatlon of the Wospilal Education Ivnd cwards Govemonce costs 308,593 106.Ll)O 42,928 351,521 106.000 6.900 311.223 99,371 3,774 6.900 414.593 49,828 464.421 414,368 17-
Archblshop Holgate's Hospllal In Hemsworth Notes to the Financlal Slatements (¢onffnved) Year ended 31 Decèmber 2023 Anatysls of support Cost$ Analysis of support C05t5 Total 2023 Tolol 2022 Sloff c051s General office Bank chorges 31.201 11,632 95 3J,201 11,632 95 28.390 9,566 96 42.928 42,928 38.052 10. N•t galns on Investments Unreslricled Endowment Total Funds Fund5 Funds 2023 Gainslllosse5I on disp0501 of investmen15 Fair volue movement on investments 14971 43.891 Ill.0) 195,006 [T1.527J 238.897 43,394 183,976 227,370 Unreslrlcted Endowment Total Funds Funds Funds 2022 Gains/llossesl on disposal of investments Falr valve movement on inveslmenls I l. Net Income Nel income is 51oted after chargingllcredllSngl-. 2023 2022 Depreciolion of langlble fixed assets 36,370 43.565 12. Avdrlors remuneroHon 2023 2022 Fees payable for the audit of the ffnanclal 51olemenls 6.900 3,774 Fees payable lo the charity s cuditor and 115 Ossoclales lor other seice$. other non-audil Services 5,584
Archblshop Holgate's Hospltal in Hemsworth Noles to the Flnancial Stalemenls fe+)nllnued) Year ended 31 December 2023 13. 51all cosls The lotol slall costs ond employee benefits for Ihe reporting period are analysed 05 follows.. 2023 2022 Wages and salaries Social security costs Employer conlrfbutions lo pension plans 68,715 59.467 174 994 1.183 70.939 60,635 The average head count of employees during the year was 412022.. 41. The average nvmber ol full-tirne equivalenl emthoyees during the year Is anotysed 05 follows.. 2023 No. 2022 No. Number of adminislralive stall Number of chaAtoble acllvllles 51alf No employee received employee beneffls of moro than £60.(XIo during the yeai12022'. NIII. 14. Trusle• i•munerollon and exp•nse$ No remunetalion or olher benefi15 from employmenf with the charity or a r8kJled entity were received by the Iruslee5 15. Translets bePwe•n lunds The tronsler of £62.530 from Endowmenl funds to Unreslricled fijnds reimburses the amount wilhln expendllure on charitable aclivitles ollocated to unrestrfcted funds. bul wa5 token by mistake trom the endowment fund. This was more than compensoled In prior years by the 0.5% investment monogement costs which were nelled off inveslmenl income and therefore not allocoted to the endowment fiJnd. These chorges lotalled in exce55 01 £100.000 In the prevlous four yeors. A significant proportion of these inveslmenls being held for over 20 years.
Archblshop Holgate's Hospital in Hemsworth Notes to the Financial Statements (eonlinued) Year ended 31 December 2023 16. Tanglbl• ilx•d osiets Land and bulldings Equipment Tolol Cost Al l JonLry 2023 Addition5 357.566 92,381 3.113 449,947 3.113 At 31 December 2023 357.566 95,494 453,060 Depreclatlon Al l Jonvary 2023 Charge for the yeor Al 31 D•¢•mbw 2023 321,PJ)S 35.747 92,381 623 414,186 36,370 357.552 93.(X)4 450,556 Carryln9 omounl Al 31 December 2023 14 2490 2.504 At 31 December 2022 35,761 35,761 The Fre&hold Property obove felales to the Community Centre which is a buildlng whhln the Holgale Hospilol ground5. The Trust a150 holds Freeh&d Land ond Property relatlng to the Holgale Hospltol comprising 24 Almshouses, Chapel, Masterfs House ond Porterfs Lodge within 13 acres ol mature ground5. No value is placed on Ihi5 Freehold Lond ond Property as11 Ls considered to be Inalienoble, dve to ils historic value and the fact that the Trus115 prohlblled Irom disposing of it. It is therefore Imp05sibl@ lo ploce a morkel volue on this property however the insurers report undertaken in 2022 has estimoled the reinslalemenl c051 to be £10.8 million. 17, Investments Cash orcosh Listed Investment equlvolen15 Investments properties Tolal Cost ¢r vglvqNon Al l Januory 2023 Adclitions Disposals Fair value movemenls 17.268.5CN) 17,268.500 283.420 7.051,160 (918.450) 238.816 19.044 6,748.696 1918.4501 238,896 At 31 December 2023 19,044 6,069.142 I7.551.9) 23,640.106 Impalrmenl At l Janugry2023 and 31 Decèmber 2023 Carrying amounl Al 31 D•c•mb•r2023 19,044 6,069,142 17.551.920 23,640,106 17,268,500 I7,268,) Al 31 December 2022 -20-
Archblshop Holgale's Hospltal In Hemsworth Noles lo the Flnanclal Statements (conllnu•dJ Year ended 31 December 2023 17. Investments (conllnvedj Inv•slmont prop?rtl•s Investmenl propertles were valued by RL Cordlngley BSC FRICS FAAV 0131 December J)22. The Truslees, who have experience in the location and category of the investment property being valued. consider the value of the properties a5 al 31 December 2023 hos not material changed. Property purchased oher 31 December 2022 is included al cost. Flnanclal as$¥ h•ld al lalr v¢lv• 51ed investments are shown al martel valuolDn. 18. Debtors 2022 Prepayments Rents receivable In earS Other debtors 11,679 52,792 14,619 52.693 13,470 72,471 9.782 I P. CuThent Inveslmenls 2023 X)22 Short-term deposits 437.534 20. Credllors: amounts falllng du• wllhln one year 2023 22 Accruols Sociol securily and other laxes Rents poid in advance EdLJeolion fund oward comrnilmenls 42,962 343 912 42.9(M) 35.016 342 912 39.6(K) 87,117 75,870 21. Pensions ond olher post r•lliement b•neffts Defined ¢¢ntilbullon plans The omount recognlseij in Income or expendilvre as an gxpense in rdation to defined con1nlIon plans was £1.18312022: £9941. 21
Archblshop Holgate's Hospllal in Hem5WOrth Noles to the Flnonclal Statements (Con11n) Year ended 31 December 2023 22. Anoty$15 of chatttable fvnds Unr•slrfcl•d lunds At l Jan 2023 Gains ond Al losse5 31 Dec 2023 Income Expenditure Transfers Unrestrfcted Fund Emergency Repair FLJnd 929.603 441.528 1503.2211 1146.1811 ni.729 854.657 208,711 43,394 1,106.762 1.784,260 441,528 1503,2211 62.530 43,394 1.828.4?1 Al l Jan 2022 Galns and Al 1055es 31 Dec 2022 Income Expendlture Transfers Unreslrfcted Fund 1,134,340 Emergency Repoir Fund 488,551 1453,5491 1239.7391 929.603 607,785 22.598 239,514 115.2401 115,2401 1.784,260 854,657 1.742.125 511.149 1453,5491 12251 The emergency repair fund was established to provide lor major repa lo Ihg propertles held. Additional funds have been ollocoled lo the fvjnd this year.11 is currently held wllh LGT Wealth Management in an income strategy portfolio. Endowment funds At l Jan XJ23 Gain5 ond Al losses 31 De¢ 2023 Income Expenrfilwe Transfers Pemanenl Endowment Fund 22,457.478 145,58£)1 162,5301 183,976 22,533,344 At l Jan 2022 Goins and Al losses 31 Dec 2022 Income Expendllure Transfers Permanent Endowment Kjnd 19.185.183 225 3,272,070 22.457,478
Archblshop Holgate's Hospltal In Hemsworth Notes to Ihe Financlal Stalemenls {C4Mllnv•d) Year ended 31 December 2023 23, Anatysls ol net assets bolw•en frjnds Unffslricted Endowm8nl T¢)tal Funds Funds Funds 2023 Tonglble flxed 0s5els Investments Current a55ets Credilors less thon l year N•t Sets 2,504 1,106.762 22.533,344 23.640.106 806.342 806.342 187,1171 [87,117) 1.828.491 21533.344 24.361,835 Unrestricted Endowment Tolal Funds Funds Funds 2022 Tangle ffxed assets Investments Current asset5 Creditor51@55 than l year Nel as$•ts 35.761 35,761 17.268,5 1.824.369 7,013,347 175,8701 175.8701 1.784,260 22.457.478 24.241.738 17,268.5CL) 5.188.978 24. Related partl•s The charily hod no transactions with reloled partles during the year thol requiie dlsclosLKes. 23.
Archblshop Holgate's Hospllal In Hemsworth Management Informallon Year ended 31 December 2023 The followlng poge5 do nol lomi part ol fhe Ilnanclal slal•m•nts. -24-
Archblshop Holgale's Hospltal In Hemsworth Detalled Statemenl of Flnanclal Acllvllles Year ended 31 December 2023 2023 2022 Incom• endowments Donallons and legqcles Maintenonce contributions Guest accommocjollon 11,021 ioo 11,290 11.290 Investm•nt Income Income from inveslmenl properties Income from listed investments Bank interest receivable Woyleoves 272,83Q 140.302 14.605 2.610 272.165 224,684 2.610 430,347 499,859 lolal Incom• 441,$28 511.149 Expendllure Investment managem•nt costs Investment property professional costs Property repairs and maintenance chorge5 Investment manogem8nl costs 16,210 14.796 53,974 30,984 8,197 84,380 39,181 ExpendSluT¢% on charflable ocllvlll•$ Wages and 5alarfes Employerfs NIC Pension costs Rules and waler ght and heat Repalrs and mointenance Insurance Sundrfes Legal and profe35ional lees Telephone pps Deprecialion Profit on dlsposal of equiprnenl Sub5criplSons Educatlon occounl Quartetty distriklIonS Education tund awards Website development 68.715 59.467 174 994 9.812 35.177 120.541 18,931 4.224 19.343 2,626 1.318 43.565 12.8COI 465 260 9Q) 99.371 i0,I90 58.027 124.701 28.836 3.122 16.506 2.982 449 36,370 598 210 910 106,000 4,531 444.421 414,368 Total exp•ndllvi• 548.801 453.549 25-
Archblshop Holgale's Hospital In Hemsworth Detalled Stalement of Financial Acllvltles (conllnued) Year ended 31 December 2023 2023 2022 Net galm on iThvestments Gainslllossesl on dlsposal of investments Fak value movement on investm6nls (11,52n 238.897 227,370 Nel Income 120.097 57.6CLI 26-
Archblshop Holgate's Hospltal In Hemsworth Notes to the Delalled Slatement of Flnanclal Acllvllles Year ended 31 December 2023 2023 expondllur• on ¢harftabl• octlvllloi Operallon ol the Hospllal Acllvllles vnderfoken dtrecl Wag851salarf8S Employer's NIC Penslon costs Rates & water Llghl & heat Repalrs & maintenance Insuronce SundrEs Legal and professional lees Telephone pps Depreciolion Proffl on disp¢Jsal ol equipment Svbscriplion5 Education account Quarterly distribJlion 37.514 1.041 1.183 io,i?o 58,027 124.701 28.836 3.122 2.505 2,982 449 30.370 31,077 174 994 9,812 35.177 120.541 18.931 4.224 9,777 2,626 1.318 43.565 12,8001 369 260 240 910 308,593 276.945 Support costs Wag85lsalari8S Legal and professional fees Bank charge5 Weblle development 31,201 7,101 95 4.531 28,390 5,792 96 42.928 34.278 Edvc(thon lund awarth Acllvllles undertaken direcNy Education lund owards 100.000 99,371 Governance cwts Audlt fees 6.900 3,774 Expendttvre on ¢harflabl• acllvllles 464,421 414,368 27-