Charity rngistrntion numbeT 221S35 (England and Wales) ARCHBISHOP HOLGATE'S HOSPITAL IN HEMSWORTH ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
ARCHBISHOP HOLGATE'S HOSPITAL IN HEMSWORTH LEGALAND ADMINISTRATIVE INFORMATION Trustee8 J Cooke J D M SrroW A J Btaza D C Theaker RevR WHart R WHyde A S¢holey J Oavies D P S Mackenzie Dr J Greaves N Smith PW8y IApp(ynled 5 March 2024) IAppThnled 5 March 2024} {App(Mnted 3 June 20251 CoThespondent MrsA UIIyott Robin Lane Hemsworth WF94PP Charity numb•r (England and Wal•sl 221535 Principal addr¥ Robin Lane Hem8WOrth Wesl Yorkshire WF9 4PP Audltor Haigh & Co Grange Cottage Womersley Doncasle DN6 9BW BankerB HSBC Lifnited S Markel H¢ll 8arnsley Sguth York8hire S70 2PY Solicitors Ware & Kay Solkitr>rs SÉntinel House Peasholme Gre8n Yo Y01 7PP Wrigley'8 Solicitors LLP 19 Cookrilge Street Leeds LS2 3AG
ARCHBISHOP HOLGATE'S HOSPITAL IN HEMSWORTH LEGALAND ADMINISTRATIVE INFORMATION InveBlm•ntadvizorn Cove Financial Plannin9 Ltd Unit 4 The OldArmoury BaeJ¢ Chw¢h Street Court LS29 9DA nd agents Stephen8on8 Rural LLP York Auction Centre Murton Road York Y019 5GF
ARCHBISHOP HOLGATE'S HOSPITAL IN HEMSWORTH CONTENTS Page Trustees. report Independent auditorfs rèport Statement of finanaal activiks Balance sheel statemenl of eash Ilows 10 Notès to thè Ilnanclal statemÈnts
ARCHBISHOP HOLGATE'S HOSPITAL IN HEMSWORTH TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Truslees present theTr annual reporf and financial slatsments the year &ndgd 31 December 2024. The finan¢ial slalemen15 have been prepared in a¢)xrdarw with the acLounllng policies set out in the notes, lo the finaroal statements and comply with the Charty's governing document. the Charitie5 Act 2011. FRS 102 "The Finandal Rèporting Starhdaid applicable in th8 UK and Republic of Ireland. 2nd the Charities SORP .untIng and Reporting by Charities.. Stalement of Recommended Practi applicable lo tharrtiès prèpariro thèir accounts in aCcKjrdan with the Flnanclal Roporung Stsndard appllcable In the UK and Republic ol Iland IFRS 1021-. Oblecoveg and actlvltSe8 We have referred lo the guidance contained in the Charity Commission's yeneral guidance on publlc benefft when reewIng oui aims and objectives and in planning ourfuture actiwits. Tha chariws principal activitlas are dat811 below. PFfjnelpal aetl¥ltl•s The Trusl Provides ond rnaintains houslng accommodat)n in a complex of 24 cottages for eklerly Fer50ns preViouY Iwing in an area of defined benefft. When a coltage beo)mes vacant the Tru$l advertises within the churd)es of the qualrfying porishes and in local libraries. The Imst wèlo)mes applKations from all s•ctions ol the cornmunity. Th8 TNSI operates Ihe Hotq8te Award SGhemg lo offer ffnanclal sUPPQrt to students frorn local schools Stang a further education c¥Jurse. Public bpnefit The Trust open5 it'5 historic buildings. srnall museum and gardens lo public access and proMde8 8UPPOrted tours 19 orgsnised groups. school parties and individuals. The aim betng io ènablè tha community to enjoy and appreoale the history of the hospital an(J enjoy the exiensive gardens. Achievements and perfornmnce Routs'ne maintenance work at the Almshouses continued during 2024. New double-glaz8d windows hav8 bÈ8n fittèd in the u)tt8ge's rear winclows. and replacernent double dazed unils installed in the front ¥nd r¢gr por¢h?$. along wrfh new bathroom extrador fan5. The Chapel has seen the benefrt of the in51alt8tion of new and 1rnpiofig lighling and a new boiler. A new bespoke websrte has boon developed which launched in 2024. providlng Infomiatlon on the Almshouse& including grounds and setting, community and hi$lury. ¥nd educatlon and grants. Cottage 6 lntInueS lo be used a guest cottag& lo hglp improve the Alrnshouses facilities aTrJ aid wellbeing. Re$ident's famil$ ané friends stsy in Ihe ¢ttage. parliCular in tirnes of resident Illn&ss, or Wh visiting from furth8r afield. A large sedion of boundary lentyng h$$ b$¢n in$¢alled around the Mmshouses to help"ensurè ongoiNJ security arKI safety lor residents and staff. The Trust purchased a furthor 146 acr¢$ of fBmland In Matton for £1,575,000. Thls land is a(liant to tsrmland urrently owned by the Trust. Hemsworth Farmhuu$e dopman1 Is now eomplele,. the tdmi len8nls a trnjoylng living in a modem, eneryy efficnI property. The schedule of works for the refvrt)ishmenl ol the original tsrmhouse. Hemsworth Lodgè. has boen agfèAd and work will ttsmmèneè In 2025.
ARCHBISHOP HOLGATE'S HOSPITAL IN HEMSWORTH TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 The Edutstion FoLtndation made awards to fow local studènts of £5,000 pgr annum for vp lo 3 yea. lo he wAh expenses and living co$ls whilst al uniyersily. An apprenticeship sward of £1,000 was made to one local student to assist with costs aS5ffi8ted wifh thek wur$e. The Education Foundalion awafdod gf¥fbls lotsn9 £43,337.08 10 local schools lo help improve cUrTIlUM areas both inside schools and In Èchool grounds. Awards have been as fc41ow8'. Award £4,677 £s,000 £7,SDJ £7,525 £8,935 £9,500 St Helens Hemsworth Prfmary School Badsworth CofE School Glove Lea Prfmary School South Hiendly Piimary Sthool St J08eph'g Calholic Primary School lfjn95 Meadow Academy Frnanclal revlew Income in 2024 has inuaa$8d by ju81 ovèr £61,000. due to roluffl¥ from investmts. Tharè has been an Sncr•ase in expenses in the yoor of ]u$l ovgl £76,(J)O. Th16 is mainty due trj the 8ubstanlial pairs undèrtgken at the Hosptal. Reserves Pollcy The Charily's policy rs to maintain these at a level which equates to approximalèly ttvelve months ol unrestthted expèndrture. This is consldwed adequale to meet emèrgencies which may arise Irom lime ¢0 thme. As a 31 December 2024. Ihe charitys unrestricted 185erves amounted lo £600,758. Investmentpollcy The Trustees contlnue to the services of inijèpèndert fin8nrA81 asor$, TrigwoSnt Finandal Planning (trading name ol Cove Finan¢ial Pl8rth)irvJ Ltdl. The Investment portrollo i8 (rrenY invested with LGT Wealth Management. Additi1[Y, a Fhytfolio of cash deposil accounts, or money market instruments, aJe held to ¢ovor short letrn liquldity reqrgmentS. arnl as a) ernergenty fund. An inveglmenl sulKommitt¢e reeW the investmenl perform8n¢e on a regulai bas. Trigpoinl Finarrial Plallnlng report lo th• sub-committee and attend Tru$tee meellngs when r¢qyirgd to do so. The investrnenl poliw was kst r8vith¥ed Sep10mt4r 2023; thè Tru$iws are In dirussOons regarding adopling Total Retums Strategy, when 4 do¢ision has been reachod. thg in¥e$lrnenl Oicytwlll be updated 8ecordingty. RiBk managem•nt A revlew of the rn8jor risks lo which thtr Charity is exposed has been conducted. Systerns have b8èn establlshed tts mitigafr these risks and thèse procedures are periodically Teviewed. Plan8 lor luturè Pèfiods An appIallon for lull pl8nning permission to turn the agriClra1 barn al Wlluw Fann into Iwo lJen81 dwellings has been submitted. Work ha¥ been aged on the Ma8tgr'slPorterf$ Lodge roof to help ensur& rt19 Water pht. Thè Tmslees hawe agr8ed to offer the samg financial awards a6 2024 for th& Eduration FoundAlfon tr distribute in 202S', a maxlmum of six students be off8red up lo £5,WO pèr annum for up to 3 years atKI a maximum 01 £40,000 avallable for grants lo be offered for local school projods to help improve ¢urriculum areas. Thè Education Foundation will havè a further 10% diserètional fund for disposal Should they feel lurthor funds are necè&sary. The Trustee$ also agreed that il the maximum sludènts awards were nol dislribuled, funds from the tjntssèd monies could be transferred to scl)001 grants. AplIlI0ns forAppreTrlwhlpAwaids are welcomed throughout the year.
ARCHBISHOP HOLGATE'S HOSPITAL IN HEMSWORTH TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Structure. go¥èmance and management Trust deed and obJectiv•8 The Twst is operated under • Scheme for Ihe managemeni and 8dnunistration of the cbarty as approved by the Charity Commission 16 November 2005. as amendgd by stheme dated 1 November 2017. Archbishop Holgate Hospital was originally founded by Robert Holgate Ar¢hbishop of York from 1544 to 1553, und th? l¥rin8 of a bequest cont8inèd in his .11.. He cjevisecj substanU81 holding5 of land to enilow a hospital at Hemsworth in the county of York. His Will" (x)ntsined speufic direclions as to th8 8dmlnl$lration d the Hospital and the persons enlitled to Iwe there. The Princapal oblects of the chaiity are.. lal the provis of hou¥ing accommodation lor the beneflcfjarS Ibl such chanlable purposes for the benefts ofthe re$ence Icl to promote the educalion of per60ns under Ihe ago of 25 who arè in n88d of ffin8nci8188sistants and are resident in tho arèa of benefit. Gov•man¢• The Charity is administerèd by a 8o8rd of TTuslees supported ty a romun8rated administrative assistant. Th8r8 are prosenlty tsvelve Trusteès and all administrative wtsrk is based al our office in Hemsworth and from the homes of Trusteeslcle Tha Trustpg5 who ¥erved duiing the y9ar and up lo the dal& of slgn8lure ol the financial statements wue.. R C Hawcroft (Reslgned 3 March 2025} J Cook8 J D M srroW A J Blaza D C Theaker RevR WHart RWHyd? S M Jennings A Scholèy J Dawès D P S Mackenzie Dr J Greaves N Smith Pway IRe5igned 13 February 20241 (Appointed 5 March 20241 (Appointed 5 March 20241 IApFKJinted 3 June 20251 Tn R8crultmttnt and Trnin1g New Irusiees are recruited as needs arise in accordance with Ihe scheme. Conside[atn givgTr skills Tiu¥tQeS have l.è. Soliators, Farmers. Accountancy, Builders. ete. The Trust Is a member of the Almshouse As8OC4ation which provides advi and support. 11 organi%es serrinars whith Trustees attend. l Trustees give their tlme and expettije voluntarily and rpcewe no Ternuneration or other beneffts. The Trustèes lollow guidancè provided by the Charity Commission and Almhouse Assouabon.
ARCHBISHOP HOLGATE'S HOSPITAL IN HEMSWORTH TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 staternent of Ttee5. respon¥ibllltlgB Th8 Truste8s are 18spon5ibl8 for preparing Ihg Tru¥l8¢s' Rgport and the financlal slalements in accordance with applrcable Iw Jnd United Klngdom Acuunting Slandards {Unil#d Kingdom Gener811y Attepted AcwJntin9 Pra¢ti¢g1. Thglow appllcabl& to ¢haritle$ In Eng*n(J anil Wales requtrgs Ihg TNstggs to prepare financial statements for each finanoal year which give a true and fair view of the state ol affairs of the Charity and ol the incoming resources and applKalion ol oUr¥e$ ofthe Charity for thal year. ln preparing these finanal slatements. ihe Trustees a reoulred to.. - selecl suitable aCunting policies then apply them conssst&)tly.' - observg the fflethods and plinpIeS in Ihe Charitie5 SORP,. make jud9ernents and 85timates that are reasonable and prudent- state whether applicable accovnllng standards hav6 been lollowed. sublecl to any materlal departures disctosed and èxplainèd in the fin8nrAal staternents- and prepare the financial slalements on the going concem basis unless it is inappropiiate to presurre that the thaiity vrill o)ntinug in opèration. The Trustees are responsible for keeping sufficAent accounting rerdS that disdose vthh re8sonable accuracy al any time the finaneAal position of the Charity and Èftable them to ensure that thè financial statemerts comply with thè Chsrilies Act 2011, thg Charity (Accounts and Reports) Regulatior6 2008 and the provisions of the trust deed. They are also responsible for s8leguarding the assets of the Charity and hence for tsking reasonable st8P8 fcf the pwenlion and det8ctlon of fraud and othgr Irregulartties. The Tru$leos' rèport pprovgd the 8oard of Tru$lee$. D C Theaker Trustee Date.. o.%Lo..g.ta.O¢af
ARCHBISHOP HOLGATE'S HOSPITAL IN HEMSWORTH INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF ARCHBISHOP HOLGATE'S HOSPITAL IN HEPIJSWORTH Oplnlon We have audited the financi818tslements of Archbishop Holgate's Hospital in Hemsworth (the 'Charity'l lor the year ended 31 Decembar 2024 bthith corHpiisQ the stslernent of finan(xal aclivilies, the balance sheet, the stalement of cAsh flows and note8 to the financial statements, Inclutjing signifi&gnt 8c<y)unting poliaès. Thè finanual rèporknng Iramework Ihal has been appli8d in their preparation is applicable law and United lQngdom Accounts"ng Standards. including Financial Reporting Standard 102 Finanual Répothng Slèndartl 8pplicablè in Ihe UK and Republic ol Ireland IUni¢ed Kin9dDm GgneraltyAc£gpted Accountr'ng Practk4). In our opinion, the financial ststements.- give a true and fair view ol the slato of Iha charws affalrs as 8131 0mbar 2024 and of its in¢oming resouwtss and appIltIon of resoLJrces. forthe year then ended.. have be8n propèrly prep8red in 8ethrdan( wtth United Kingdom Gener81ty AeL8pled Acixjuntinp Pra¢ir: nd hayg been Prepared in accordance with the ChariliesAct 2011. 8••18 for oplnlon W? conéucted oui audit in accx)rdance with Inlemational Standards on Auditsng IUKI IISAS IUIfjI and applicable law. Our responsibilities under thoso stsndard$ are lyrther descr)ed in thè Athlitorfs resp)nwbilities forthe 8udil ol Ihg hFnancial statem&nts seetion ol our report. W¢ aro independent ol the Charity In accordanco wth the eth1 requiremenls that are relevant lo our audil of the financial $tsternents in the UK, including the FRCs Elhlcal Standard, and we have fulfilled our olher ethi1 rgsponsibilllies In accordan with these requirements. We beIve that the audrt èvklènca we ha¥È oblained Ls suffi¢i8nt and approwhite to prowde 8 basis for our opinion. Concluslons we1ang to golng CDnc•rn In auditing th8 financial statetnents. we have C4)n¢luded that Ihe Tfttstee5' use of the goiro coeM basis of cuntIng in the preparation of the finallaal slatgrnant5 is approprte. Based on the work we have perform8d, w8 hav8 not Klentffi8d any mat8Tial uncertainlia$ relating to avents or (nditionS that, indimdually or c1Ctive1y. may Gast signfficant doubl on Ihe Charity'5 abilty to continue 85 a goiTrJ oncem for a peiiod of at teast 1Ve months frcfft when the financial Stalements are aulhorised for issue. Ouf responsibdilies and th8 responsibile$ of Ihe Truslees with respect to going concern we described in the ielevant sections of this report. othgr informalion The other information comprises the infom)ation Included In the annuÈl res)ort other than the finarckql statements and tsur audiioe5 report therpon. The Trustees are responsible for the other informalton o)nlained within th$ annu Teport. Our opinion on the financlal stsiemènts doés noi cover the other Infomation and we do not express any form of assurance nclusION IhÈrÉon. Our responsibility is to read Ihe olher infomalion and. in dL¥ng 50, consider whether the other information Is rnalerially Inconsistent thè financwl statements or QUT knowledge obtained in the course of Ihe audit. or oth6rwisè 8ppèar# to be materially misstated. If we Klentsfy such material inconsistencies 01 apparent malglial misstatements. we are requlred to determlne whether this gives rise to a materlal mlsstatement in the financAal statements themselves. If, basèd on the work wé have pertorrned. we cort¢lude that theie a maierial rni5Statem&nt of thi5 o¢her infotmation, we are required to rep1 thal fad. W8 havg nothing lo report in this regard. Mats¢rn on whlch we aro requirod to report by exceptlon We have nothing to report in respect ol the following matters in relation to whlch the Charitles {AontS and Reports) Regulations 2008 raqubres u$ to feport lo you if, in our opinion.. th& informalion grven in the financial stateM6nts 1$ inconsistent in any mataiial respeGt with the Twustees. report., or ¥uifi¢i$nl accounling r*¢ords have not been kept,. or the financial statements are nol tn agreement with the acwunting tEcord5," or we have not reIved dl the infom)ation and explanations we requi for our audit.
ARCHBISHOP HOLGATE'S HOSPITAL IN HEMSWORTH INDEPENDENT AUDITOR'S REPORT {CONTINUED) TO THE TRUSTEES OF ARCHBISHOP HOLGATE'S HOSPITAL IN HEMSWORTH R8sponslbllltles of Trusts•s As explained more fully in ihe statement ol Trv$teg¥ responsibllltles, the Trustees are responslble for the pparation of the finanrAal statements an¢J for beiro Sased Ihat they give a true and lair view, aThJ for su intèrnal control as the Trustees detemiine 1$ noSary to enable the preparation of finan¢o1 stslemenls thal a free from material misstatement, whelher due to fraud or error. In preparing Ihe financial statements, the Trustoès are responslble for assèssing the Charity's aLilrty to continue a golng concern, disrjosing, as applicable, matters related to going concern and using the going CLCeM basis of aOLting unless the Trustees either intend lo cease OPgration$, or havg nr) rgalisllc allernatNe bul to do so. Audltor'8 Trspon81bllltles for thg audlt of the flnanelal ststèmènts We have been appolnted as auditor under seCtn 144 of Ihe Charfties Aci 2011 &nd report In accordan wlth the Act and relevartt regulations made or haVg effect thereutvjer. Our objectives are to obtain reasonable assurance aboul thether the financial statements as a whob are free from material misststemenl, whether due lo fraud or error, and to issue an 8j11S rèport th8t indudes our oiinion, Rea59nable assurance is a fvigh kvel ol assurancè but is nol a guarartee that an audrt conducled in ardance with ISAS IUKI will always dpteth 8 mat181 misstatement when it exists. Misstat8m6nts eAn 8rf88 from fraud or error and are considered material if, indrvwJua1 or in the aggregate. they could reasonably be expected to influence the etxnomic deusions ol u5er5 taken the basis ofthese ffinancigl stalements. Irregularitlès ineluding fraud are inslanc•s ol n0n-ujmp1i3n with 18WS 8nd regulations. We design procedures in line with our responsibilrbes. ouuined abuve, lo detBct rnalerial rnisstalements in the respect of tregUlat$, induding fraud. The exlent to which our prOdureS are capabb of detecting irregukgrilies 18 detailed below.. We obtained an undtrrslanding of th9 legal and regulatory frameworks that afe applicable to the charity and determined thal the most $ignfficant are those that relate to the reporting fvarnework IFRS 102 and Charities Aci 2011}. cornmuniGaled the identified laws and gUlationS throughout our team and remained alert lo any indicatlC115 of non-cofflpliance thrghout Ihe audil. As part of an audit in acLordancè with ISA$ (UK), we exercise professional judgement and maintain profe5sionaS 8cepticism throughout the audit. We also carried out the followi)g Ihe audit proCs= Held discussions with management, thal Induded consideratiL ol knovm Dr su5Pteted instance8 01 non- Ct)mplianc& with law¥ and regulations. Challenged a55UrnPtions and IJgeMents made by managamont In Its slgnlflcant accountlng 8Stlmat8s that involved making assumpiion5. T8st8LI any Iransa¢lion8 entered that are outside of the nonnal oJurse of the charitys affairs. Revl8wed recent o)rrespoThJenrA ¢ompany's legal advisors lo ensure that it aligned wilh any concluslons drawn kn respect of any outstanding or uncertain legal matters. Evalualed the over811, presontation. Structure and content of the finanrial statements. incluc5ing the disdosurès. and whelher the financial stateTn9nt5 prg5gnt thg undertying transa106 and events in a manner thal achleves falr presentation, However. the prfrnary responsibilty for the prevention and detection of fraud still rests Mth bolh those thbrged with govèmartcè ol thè Èntity and Ihe manag8m8nl toam. A further description of our sL)nSIbIlitIeS is 8vailable on the Financial Reporting Council's websi18 31.. http5.'11 www.frc.org.ukJaudltorsraspDnsibilitse$. This desuiption fomis part ol our auditorf$ rwrt. Other matters
ARCHBISHOP HOLGATE'S HOSPITAL IN HEMSWORTH INDEPENDENT AUDITOR'S REPORT (CONTINUED TO THE TRUSTEES OF ARCHBISHOP HOLGATE'S HOSPITAL IN HEMSWORTH Your attsntMJn i8 drawn to the lact that the d)arlty has prepare(l financlal statements In 8Lxordanc wilh-AccLiuni'n9 and Reporting by Charities.. Slalement of RernMended PraGtice applicable to thariliES preparing t1[ account5 in a¢¢ordanc¢ with the FinancAal Reporting Standard applicable in the UK and RepubSi¢ of Ireland (FRS 1021" la$ amend8d} in preference lo the Accounting and Reporting by Charities.. Slatemenl of Recommended Pract issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. This has b8en done In order for the f nancial statomenls to provide a true and f"T view in acttJrd8nce th curront GÈnerallyAccepled Accounling Piactice. U$• of our 1PPDrt This port is made siAely lo the Ghatity'5 meTllbers, as a body. in accordance with sedion 144 01 the Charits'es A( 2011 and regulations made under sedion 154 01 th41 Act. Our audit wtsrk has been undertaken $0 th81 we migm late 19 the charity's members those marters wea re qUired to state lo them in an auditors pOrtand for no other purpose. To Ihe fullest extent pemrtted by taw, WÈ do not accept Dr assume responsit"lty to anyone other than thè charity and the charil embers as a body. for our audlt work, for thls report. or for the oplnlons we have formed. Mrs W M Halgh ISÈnlor St ry Auditor) Ftsr and ort behalf Of Haigh & Co, St8tuloryAudilor Chartered Accountants Grange Cottage Womersley DonSter DN6 9BW Date..
ARCHBISHOP HOLGATE'S HOSPITAL IN HEMSWORTH STATEMENT OF FINANCIAL ACTivrriES FOR THE YEAR ENDED 31 DECEAIBER 2024 Unrestricted Enilowmont funds fundg 21124 2024 Tolal unrfi¢ld Endowrnont fund5 fund¥ 2023 2023 Total 2024 2023 Not•¥ Income from: Donatlons and legacAes Investmen18 12.420 491,970 12,420 491,970 11,181 430,347 11,181 430.347 Total In¢om• 504.390 504,390 441,528 441,528 Expendlture on- Raising funds Charitable acii¥itieB 55.975 528,924 38.868 94,841 528.924 38.800 464,421 45,580 84,380 464,421 Total eXndIr 584.899 38.866 623,765 503,221 45,$80 548,801 Nel gainslllosses> on insImÈntS 11 120.310 250,050 370.360 43,394 183.976 227,370 N•t incom• 39,801 211,184 2SQI,985 (18,299) 138.396 120.097 Transfers between funds 13 62,530 162,530) Net f170V9m•nt In funds 39,801 211,184 250,985 44,231 75,866 120,097 Ro¢011*119n olfvndB: Fund balances al 1 Jarwary 2024 1.828.491 22,533,344 24,361,835 1,7B4,260 22,457.478 24,241.738 Furtd balanco5 at 31 December 2024 1,868,292 22.744.528 24,612,820 1.828.491 22,533,344 24.361,835 The statement of finandal 8Cti¥rbes indude5 all gains and lossès r•co9nis•d In ths year. All irwme and oxpoThJrture derNe from o)ntinuing acINies.
ARCHBISHOP HOLGATE'S HOSPITAL IN HEMSWORTH BALANCE SHEET AS A T 31 DECEMBER 2Q24 2024 2023 Fixed assets Tangible assÈts Inveslment propety Inveslments 14 15 16 4.107 19.181.754 4,835.422 2.504 17,551,920 6,068.186 24,021.283 23,642,610 Cuffent alsots Debto Invgslments Ca$h at bank and in hand 17 18 83.223 483,871 99,S08 72,471 637,534 96.337 666,602 806.342 Cr•dStors: amounts falllng due wlthln onè yèir I75,(5) 187,11n N•t turmmt •**•ts 591,537 719.22S Totsl assèts lès8 current Ilabllltl•8 24.612.820 24,361.835 The funds ofthe Charity Endowmtrnl funds Unrestricted fvnds 21 22,744,528 1,868,292 22,533.344 1,828,491 24.612,820 24,381,835 o:.i.lo.C.i.l?oa The financial statèments were approvÈd by the Tru5teps on .. M Skirrow TruslÈ• er Tru#tee
ARCHBISHOP HOLGATE'S HOSPITAL IN HEMSWORTH STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Nots$ Cash Ilows from op•rdting acti¥ltles Cash absorbed by 0ratIonS 2$ (632,9521 1481.692) Inve8ting actlvitio$ Purchase oltsngible fc<e<l assèls Purchase DI tstMent property Purchase ol other invèstrnenls Procaeds Irom disposal of othw Inlments Investment In¢ome received 12,8001 {1.829,8341 ,499,1801 4.275,967 491.970 13,1131 {283.4201 {6,748.6961 600.301 430.347 Net caBh g•ngratod froml{u¥ed In) Invegting activllle$ 636,123 {8,tM)4.5811 Net ea•h g+nornted from finandng activities Net Incr•a$(decrÈ2sel In cash •nd cash equival*nts 3,171 (6,486,273) Ca6h and cash equivalènts at b]nning of wr 96,337 6.582,610 Cash and eash 4uivalents at •nd of y•ar 99.508 96.337 10-
ARCHBISHOP HOLGATE'S HOSPITAL IN HEMSWORTH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollcl•¥ CharY Inform•Uvn The charity Is a public bBnefrt entity and a regislered chty in England and Vvales and is uninrx)rporateé. The address ol thè principal offir£ is Robit) Lane, Hetll5WOrth. York5hif8. 4PP. 1.1 Accounting conv•ntion The financAal stalemants havè bÈèn prepared in accordance vAth IhÈ Charitls governing document, Ihe Chaiibes Act 2011, FRS 102 'The Flnaneial Reporting Standard applicable in Ihè UK and Republic of Ireland" and Ihè Charitiès SORP "Accounting at)d ReFX)rting by Charibes.. Statement ol ReMmended Practi applieable to charities preparing their artounls in aecordaneo with the Finan31 Reporting Standard ppli¢able in UK and Rèpublic of Ireland IFRS 1021" The Charity 1$ a Publlc eenefft Entity as thfined by FRS 102. The finanaal statements have departed from the Charitie$ (Aecounts and Report5) Re9ulations 2C*J8 only to tho extent required lo prowde a true and falr view. This departure has involved followng the Stalement ol Re¢ornmended Praclice for tharities applying FRS 102 rather than the version of the StateEnent of Recornmended Pract1 which 1$ referred lo in the Regulab"ons but whl¢h has $lnce been wtthdrawn. The ffinanclal slalements are prepared In 8lerfing. Wl¢h Is the functlonal ourrenw of the Charity. Monetary amounts in these financial statements are rounded io the nea$1 £. Thè ffinancial slalamants have bgen prepar¢d uThJer the historical cg)st eonvenlion, modified lo include investment properties and certain finan81 instruments 8t 18ir value. The princpal accounting pdrjes adopted re set out below. 1.2 Gging Conrn At the time of approng Iha fjnandal stslemanls. th8 Trustees have a reasonable expeclalion that the Chawity s a¢Jequate resources to ¢Jintinug in operalignal exi¥t?nc8 foi the (orpsepable luiuie. Thus tho TDtsteos rontinue lo adopt the going ¢))ncern basis of accounting in preparing Ihe fnancial stalernents. 1.3 Char51ablg funds UniestThelsd funtls ai8 8v811 aLq& lor use al the di5cr8tfion of thè trust$ lo further any of Ihg charity, purposes. Designated funds are unrestricted funds earmarked by Ihe ITUStee8 for a particular ftrture project or commitment. Restricted funds are Subjected lo restrictions on their expenthure dedared by the donor or through the temis ol an appeal. and fall inlo on& ol two Sut$se$.. restricted funds or endowment funds. 1A Incom• Rental ineome 15 awountod for on a leiWabl bg$is by the charity. Other investrnent In¢)Me is accounted for when receNed. 1.5 Expendltur• Expendrture is regnised when a Irdbilrty is incJJrred. Investment man8gemenl costs cY¢Tr8isI of land agent profrwwal fres and Investrment portfolio managemenl costs. The latter being charged lo the Permanent Endowmenl. Chatitsblg adiwli95 in¢ludg expgndilurg assoryaled %wth the day to day 0ratIOn of the Hospital and the maintenance of the charitable assets. Supptsrt cnsts include those Inrred in the 00veman of the thafty and its assels and are piim8rily asswatgd with constitution313nd sl3tuLory r9qUi18menls.
ARCHBISHOP HOLGATE'S HOSPITAL IN HEMSWORTH NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting wllclps Icontinuedl 1.6 Tangiblg fixed assots Tangible fixed assets are initialty measured al o)st and subsequonlly measured at o)st or valuation. nel of dapreualion and any impaim8nt losses. DepreCiatn is recognised 60 as lo write off the o)8t OT valu81ion of aBsets 10$8 their re$idu¥l valugs ov¢r their uselul Ilves on the folowlng bases.. Lan¢J and buildings Equipmènt IO% straight li 20% straight lin8 The gain or loss arin on the disposal of an 85S8t 15 d8tèrmined as Ihè diff8ienc8 bÈlw8en thè sak8 proeèad& and the carrymg value of thg assel. and 13 recogni8ed in the 8tstgment of fjn8nrAal a¢tivitie8. 1.7 IrNestment property Investment property is initk41ty fycord8d at ra)st, whith indudes purthaBe Pri and any directty attribulab eXpeTrJrtu. Investrnenl property revalued lo Its tdir valu8 al each rtIng date and any changes In tdir value are rec4)gnised itKome or eXpeThJitU. 1.8 Fixed ass•t inv8stments Unlisted equity inv8Stm8nls are initially recorded al 3t, and subsequpntty measured at fair value. If fasr value nnot te reliatty measured. assets are MeaSud at cost less irnpaimient. L1sl¢d Investmgnts arg rneasurod 81 fabr value with thange8 in fair value being recognised in income or expenditure. 1.9 Impairnient of fixed assets Al each reporting end dale. the Charty reviews the carrying amounts of it5 tangible 8ssel$ lo delemin whèthèr there is any Indicatic that those assats hava suIred an impairment loss. If any such ndallon exists, the reo)verabk amount of thè aisat is èitlmated in ordèr th d¥t8mrne tho extent of the imlrMent los$ (If any). 1.10 Cash and cash equlvalents Cash and c8sh equN81ènts iThrlude cash in hand. deposit$ held at call with banks, other short-temi IKiuJ inveslrnent8 Wlth original matUTlties of th9 mL)ths or S$. arKI bank ov¥rilrJft¥. Ca$h at bank and in hand relates to highly liquid asseis wrfh inGt8nl accoss. 1.11 Finonclal Inthrngnt8 Finan21 inslrum9Nls are claEsrfied and ac£ounted for 8ccordlng to thè substantrA of th8 contractual arrangemenl. as either fjnancial assets, financtal liabiliti?s, or equity ihstrumenis. An equity instnjment is any contacl that evhjences a resldual Intsrg81 in 4$6ots rfthe mpanY aftgr dedurtlng all of its IlablllJe 1.12 Rgtirqmont b•n8fit• Contributions to defjned conivibubon pl¥ns are reco9nised as an expense in the pariod vJhi( the related service is provtded. 1.13 D•btor9 and pr•paymÉnts Dabtors in f•8PèCt of rents relVable in akTrars are t¢eo9ni8ed according to the portion of th& poricY Olitslanding. Prepayments are Ued al the amount prepamd ov8r tha lull period. 12-
ARCHBISHOP HOLGATE'S HOSPITAL IN HEMSWORTH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 A¢¢ounllng pollcles Iconttnuedl 1.14 CurYÈnt Inv•stmgnts Current investments relate lo bank accotsnl dèposits hèkl in tèrm aetounts withtn a cash investment platfrrfm. 1.1S CreditorJ and accruals Accruals rerA)gni5èd wh8n the charty has a present obligation resultlng Irom a past event Ihat w611 wobably r88uII in the transfer of funds to 8 third pariy and thtr amounl due can be mea8ured reliably. CtrIti1 accourrtlng ostlnkn and judgements In the appllcalh)n of Ihe Charity's atcountirwj wlkiès. tha Trust80s arè raquir¥d to make judg$m¢nts, estimates and assumptions about the carrying amount ol assets and liabiliiies that are not readily appanI from olher sources. The esumates and assoryaled 8s5urnpb.ons are based on histori1 ¥xpori¢rte and olher factors that are o)nsidered to be relevant. ActLtal resutts may differ Irom these estimates. The estimales and undgilying assurnptions are reviewed on an ongoing basis. Rewsions lo ac(x)unting Q81imates are recognised in the period in which the estlmale is revised where the rewsion affeGls cnly thal Period. or in th8 period of Ihe Tevision and lulure periods where the revision 8ffecls both Curn1 and tsture riods, Intomo from donation• and leg•cie8 Unrestiicted Unre8tricted funds fttrnd$ 2024 2023 MaintenaYr£ contrlbulbns Guest 8&>)mod8litsn 12,220 21X) 11.021 180 12,420 11.181 Income Irom Invtslmènts Unrestricted Unrestricted funds fund¥ 2024 2023 IrKome from investrnent prOptieS Incorne from Ilsted Investments Wdyleave8 Bank interest ieceivatAe 286,048 177,875 2.611 25.436 272,830 140,302 2,610 84,605 491.970 430,347 13-
ARCHBISHOP HOLGATE'S HOSPITAL IN HEMSWORTH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 InvostmentThanagement costs Unrestrletsd End¢ent funds funds 2024 2024 Totsl UnStrICted Endovnnent fund8 fund¥ 2023 21123 Totsl 2024 2023 Investment propety professional cosis Investment manwJern8nt costs Property repays and rnainlenallce charges 29.ceo 29,C60 18.210 16210 9.474 38,866 45.580 53,974 17.441 17,441 14.196 14,196 55,975 38.866 94,841 38,800 45.580 84,380 Expendlture on charhable actlvltEes Operation of Educatlon the Hospiialfvnd award¥ 2024 2024 Total Oporatlon of Educatlon th• Hospmalyund award4 2023 2023 Total 2024 2023 Dlr•ct colts Slaff costs Depre¢i8tion 8nd impaim)ent Rate5 & water LwJht & heat RepaiTS & mairttÉnane• lfjsurance Sundvies Legal and profes8ional lees Telephone pps SubscriplK)ns Edwation account Quarterty distribution Edtion lund awards 41.148 41,148 39,738 39,738 1.197 11,4 44,676 211.(8 33.927 7,084 1,197 11.964 44.676 211,(6 33.927 7,084 36,370 10,190 58,027 124,701 28,838 3,122 38,370 10,190 58,027 124,701 28,836 3.122 4,207 3,CfjO 839 4.297 2,505 2,982 449 503 260 910 2,505 2,982 449 503 260 Jo 910 106.000 ,437 90,437 1C*,000 361,110 99.437 460.547 308,593 1G6.ODO 414,593 Share of support and g1)VBrnance coJt¥1500 notg 71 Support $8,963 Govemar 9,414 58.863 9.414 42.928 8.900 42.928 6.900 429,487 99.437 528,924 3S8.421 106,000 464,421 Analysls by fund Unr85trictgd fuThJs 429.487 99.437 528.924 358,421 106.000 464,421 14-
ARCHBISHOP HOLGATE'S HOSPITAL IN HEMSWORTH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Support ¢08ts allocated to actlYltle8 2024 2023 staff ¢ost$ Leg81 and profèssional fèè8 Bank tha¥gg$ Website Ilevèlopmont Gov9man¢e oogts 36,708 12,529 120 9,606 9.414 31,201 7.101 95 4,531 6.900 68,377 49,828 Anoly¥ed tween. Operation ofth¢ Hospital 68.377 49,828 Net m¢w8mént in funds 2024 2023 The nel movement in funds is stated after thargingllcTedrtingl= Fees payabIe for thè audrt of thè charitls ffinancial stat8ments Deprethation of owned langibJ8 fixed assets 9.414 1.197 36,370 Tw¥tse¥ NDne of Trustees {or any persons connected wilh Iheml received any remun8r81ion or benelrts fr(m t Charity during the year. 10 Employ•9 The average rTr)nlNy wmber of employoes durlng thg year was: 2024 Number 2023 Number Number of adminlstrètrvÈ staff Number of carftable actlvi16e8 Staff Total Employment costs 2024 2023 Wages and salawie3 Social security costs Other p8nsion costs 75,854 68.715 1.041 1.183 1,321 77.856 70,939 There were no emF4oyees whose annual remungr?tson m than £60.000. 15-
ARCHBISHOP HOLGATE'S HOSPITAL IN HEMSWORTH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 11 Galns and lossès on invÈ¥tments Unr•8trfcted Endowmènt fundg funds 2024 2024 Tolal Unrèstricted Endowment funds runds 2023 2023 Totsl 2024 2023 Gairtslllosses) arising on.. Fair value Marnent on investrnenls Gainslllosses) on sposal of inv8slments 146,421 212,520 358,941 43,e91 195,006 238.897 (26,111) 37,530 11.419 1497) (11,0 111.527) 120,310 250,050 370.360 43,394 183,976 227.370 12 Taxatlon Thé charity is exempt trom taxatlon on Ks actNe6 be¢ause all its income is applied lor Gharhable pUSe$. 13 Transfers Tne transfer of £62.530 from Endowment knnds to Unreslrlcted fund$ 1831 year reimbursed the amount within eXpendItu on charitable actIt5 allOted to unrestricied funds. but was taken by mistak& from the endowment fund. This w88 more than compensated in Fyior ye8rs by Iha 0.5% investment managerr1 o)sts which were netteil off investmenl income and thelOre not allocated lo the endowrnent fund. These charges lotalled In èKces5 01 £100,000 in the pr8vious four ye8rs. A significant proporb.on of th888 iest[entS bein9 held for over 20 years. 14 Tanglblo Ilx•d Sets Land •niJ Equlpmo Toi•l Cost At l January 2024 357,566 95.494 2,800 453,oeo 2.800 At 31 Drnber 2024 357,566 98,294 455,860 Depreciation and impalmiènt Al 1 January 24 Depreciation charg•d in the yeai 357,552 14 93.fJ)4 1,183 450.556 1,197 At 31 OeeAmbèr 2024 357,S68 94.187 451.753 Carrying amount At 31 OècemboT 2024 4,107 4,107 At 31 D8cember 2023 14 2,490 18-
ARCHBISHOP HOLGATE'S HOSPITAL IN HEMSWORTH NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 14 Tngible fixed assets Icontlnue The Freehold Propaty above relates to the Communlty Centre whith 18 a building wthin the Holgale Fk)5pitsI grounds. The Tru519180 holds Freehold Land and Propvrty relating to the Holgate Hospital comprfslng 24 AIMS)USe3, Chapel, MasleVs Housè and Porterf3 Lodge within 13 acros of mature grounds. No value is plac on this Freehold Land and Proporty as It Is ¢onsldereil lo be inalienab, due to Its historic value and Ihe fact that the Trust is prohibited from disposing of it. 11 Is Iherefore impossible to pla& a market value on this property hDwever the insurers report undertaken in 2022 ha$ eslimaled the re¥istatement cost to bè £10.8 rnillion. 15 Investm9nl prop•rty 2024 Falr v41ug Al 1 January 2024 Addthons through external aUl500n 17.551.920 1,629.834 At 31 December 2024 19.181.754 Invèstment properties were valued by RL Cordingley 8Sc FRICS FA4V at 31 OeeembÈr 2022. The Trustees. who hav8 exp8riantr in the local'on and caiegory of the investmenl property being valued. constder the valuè of the properbes 8$ at 31 DecEmber 2024 has t materialty thatyd. Propwty wr¢hasgd after 31 December 2022 is included at cost. 16 Flxed asset Investments Litstod Inv•8tmènts Cash in portfolio Total C05t or valuation At 1 January 2024 Additions Valuabon changes Disposals 6.069.142 2.499.180 358.941 (4.124.258) 19.044 13.373 6.D88.186 2,512.553 358.941 14.124.258) At 31 Dember 2024 4.803.CK)5 32,417 4.835.422 Carying amount At 31 December 2024 4.803,CIJ5 32,417 4.835.422 At 31 December 2023 6,C69,142 19.044 6,088.186 Li$ted inve5tm8nts are showi at rn3rkel valuatK)n. 17
ARCHBISHOP HOLGATE'S HOSPITAL IN HEMSWORTH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 17 Dobtor8 2024 2023 Amounts fallirvJ due withSn one yèar: REnt$ roc91vablp in arTear8 Prepayrnenls and ar8d Sncomo 63,354 19,869 52,792 19,879 83.223 72,471 18 Curront asset Invgstmgnts 2024 2023 Short-lem deN)sits 483,871 637,534 19 Cftditorn: amount8 falling wIn ono year 2024 2023 soal s8cutity and othertaKes Rents paHI in zdvan Education fund award wrnmitments A(xruals 343 912 39.6(X) 34,210 912 42.9CK) 42,982 75.065 87,117 20 Retirement benefit ¥¢hem 2024 2023 Defined contribullon #cherne Charge lo profit or loss in respecl ol define(J contribution schemes 1.321 1.183 The Charity operates a defined contribution pension stheme for all qUalI.ng employtes. Th¢ 48sets of the sthemè are held $epar*ely from thos• of tha Charlty in an independently administered fund. 21 Endowmgnt lund8 End¢)wtll9nl fvnds represent assets which must be held p8rmanenlty by Ihe Charlty. Inoy7)e arisiNJ on t endowrnent funds can be used in $rtordance with the obj.ects of the Charity and i8 included as ¢Jnr•slriLtsd Inctsme. Any capital gains or loss•s arising Dll the aBseis form part of the fijnd. At 1 J•nuary ResourcwJ 2024 xpended Transkrs Galns alld loss•s At31 December 2024 Pemi8nent endowmonts 22,S33.344 138,866) 250,050 22,744.528 18-
ARCHBISHOP HOLGATE'S HOSPITAL IN HEMSWORTH NQTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 21 Endo*mtnt fund {Conlinu•dl Prnvlou8 year: At 1 January Resources 2023 expended Transfers Galns and At31 IrffjBe8 Oeeember 2023 Pemian•nt endovmwnts 22.457,478 145.5801 (62,5301 183.976 22.533,344 22 Unr•8tsletèd funds The unièstricted funds ofthe charrty )Mprise Ihe unexpended balancès of don8tions and grants arè ot subject Io spedfic conditions by donors and grantors as lo how they Tnay be used. These Inthde designated funds which have been Set aside out gf unreslricled funds by the trustees for spe purp05e5. At l Janu•ry 2024 Incoming Rwourc r•sour¢•s •xpend•d Tr¥nsf•fS Gains and 106$e8 At31 Docembor Z024 Errwyon¢y Repair fund G8n8ral funds 1.10S.762 721,729 40,462 {40,4621 120,310 1.267,534 600,758 504,390 1584,8991 1.828,491 504.390 1584,e991 120,310 1.868,292 Previous yèar. At 1 January 2023 Incomlng resources Resources expendpd Trnn#fers Gains and losses At31 December 2023 Emergency Repair Fund Gera1 lunds 854,657 929,603 208,711 114e.181} 43.394 1,106.762 721.729 441,528 1503,2211 1,784.260 441,528 1503,2211 fj2.530 43,394 1,828.491 The emergency repair fund was estsbllshèd to prowde for major rèpairs to the propertles held. 11 is currently held with LGT Wealth Management in an inCrne strategy portfolio. 19-
ARCHBISHOP HOLGATE'S HOSPITAL IN HEMSWORTH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 23 Anal15 of net a88ets betwfyen funds Unretrieted Endowmènt fund• fund• 2024 2024 Total 2024 At 31 Dgcember 2024: Tangible assets Investm8nt propeities Investments Currenl assetsllliabilities) 4,107 4.107 19,181,754 4,835,422 591.537 19,181,754 3,7,888 (5,1141 1,287,534 596,651 1,868,292 22.744,528 24.612,820 UnY•$trl¢tod En(loknrynBnt fund¥ 2023 Total 2023 2023 At 3100c•mr 2023.. Tangible assets lTrveslrnenl Properties Irweslrnenls Current assètsllliabilitles) 2.504 17,551.920 6.088,186 71922S 17,551,920 4,981,424 1,106,762 719,225 1,828.491 22,533.344 24.361.835 Related partytransactlons During the reporting rericxl. Ihe chaFity hired 8 lawn mower from a Trusta• for £611 whil• lh# charitys own equiprnenl was undergoing repair. Thè Trusteès arè satlsfied that the transactlon was in the besl interests ol the charity and that appropnate safeguards were in plar to 8nsure transparery and faime35. 26 Cash ab¥orbed by operatlons 2024 2023 Surplus for the year 250.985 120.097 Adlustrnents lor. Inveslment income recogfjised in ¥talerrwl of firal activities IGainlAoss on disposal of investmènts Fair value gains and103ses on investmants Depr8oation and impairment of tangible fixed assets 1491.9701 {11,4191 1358,9411 1.197 {430,3471 11,527 238,8971 36,370 Movements worklng eapital: Iln¢reaseydeuease in debtors (Deueasenc$0 in fftditors 110,752) 112,0521 B,312 11246 Cash OOrd by opèr#titin8 1632,9521 1481,6921 20-
ARCHBISHOP HOLGATE'S HOSPITAL IN HEMSWORTH NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 26 An81$ of changes In net funds The Charity had no matèrial debt during the year. 21