2023-12-31-accounts

Charity registration number 223768

SIR JOHN LEWIS'S HOSPITAL CHARITY

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

SIR JOHN LEWIS'S HOSPITAL CHARITY

CONTENTS

	Page
Legal and administrative information	1
Trustees' report	2 - 3
Statement of trustees' responsibilities	4
Independent examiner's report	5
Statement of financial activities	6 - 7
Statement of financial position	8
Notes to the financial statements	9 - 16

SIR JOHN LEWIS'S HOSPITAL CHARITY

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees	Mrs B Jackson
	Mrs S Palmer
	Reverend C Wilton - Chairperson
	Mr P Townley	(Appointed 8 December 2023)
Charity number	223768
Principal address	Regent House
	13-15 Albert Street
	Harrogate
	HG1 1JX
Independent examiner	Frances Howard FCA
	Fortus Limited
	Business Advisors and Accountants
	Equinox House
	Clifton Park
	Shipton Road
	York
	YO30 5PA
Bankers	Barclays Bank Plc
	Leicester
	LE87 2BB
Clerk to the trustees	H Burton
	Carter Jonas
	Regent House
	13-15 Albert Street
	Harrogate
	HG1 1JX

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SIR JOHN LEWIS'S HOSPITAL CHARITY

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2023

The trustees present their annual report and financial statements for the year ended 31 December 2023.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019".

The legal and administrative information page forms part of this report.

Objectives and activities

The charity's objects are the provision of eleven almshouses for poor persons of good character, who have resided for not less than three years preceding appointment, within the areas of West Yorkshire designated in the Trust Deed.

Under the terms of the Trust Deed, alms people are required to contribute towards the cost of maintaining the almshouses. These maintenance contributions form the main source of income of the charity. Other income includes an annual donation from The Lady Elizabeth Hastings Non-Educational Charity to be utilised for the benefit of the almspeople as and when required.

Monies invested at the present time will be utilised in future years for major repairs and refurbishment of the almshouses.

The freehold property of the charity consists of eleven almshouses valued, in the year to 31 December 2020, at either £99,000 or £95,000 each, total value £1,053,000. No cost is attributable to these properties.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and performance

The charity has continued to provide almshouses for persons of limited means and good character. The trustees continue to meet their objectives in providing low cost housing in the villages for local residents of limited income and are also fulfilling their responsibilities to repair the building.

Financial review

Income increased from £49,252 in 2022 to £51,276 in 2023 due to an increase in investment income. Expenditure has increased from £50,234 in 2022 to £53,604 in 2023. This is due to a increase in legal fees and council tax.

Free reserves at 31 December 2023 are £121,787.

Reserves policy

The reserves held by the charity are needed to provide the necessary income, additional to the residential contributions, to allow a reasonable level of charitable activities to be carried out. As can be seen from the accounts this is currently being achieved and the amount held in the reserves is felt to be adequate and correct.

Risk management

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Structure, governance and management

The charity was established under a Charity Commission schemes dated 19 May 1871, 20 May 1960 and 4 February 1986.

Appointment of Trustees

The charity has two ex officio trustees, namely the Vicar of Ledsham and the owner of the Manor of Ledston. The trustees of the Wheler Foundation have directed one appointment. Other trustees are co-opted but must either reside or carry on business in the area of Ledsham.

The trustees' report was approved by the Board of Trustees.

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SIR JOHN LEWIS'S HOSPITAL CHARITY

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

Mrs B Jackson Trustees

8 October 2024

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SIR JOHN LEWIS'S HOSPITAL CHARITY

STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2023

The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.

In preparing these financial statements, the trustees are required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles in the Charities SORP;

• make judgements and estimates that are reasonable and prudent;

• state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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SIR JOHN LEWIS'S HOSPITAL CHARITY

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF SIR JOHN LEWIS'S HOSPITAL CHARITY

I report to the trustees on my examination of the financial statements of Sir John Lewis's Hospital Charity (the charity) for the year ended 31 December 2023.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

• 1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or

• 2 the financial statements do not accord with those records; or

• 3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Frances Howard FCA

Fortus Limited Business Advisors and Accountants Equinox House Clifton Park Shipton Road YO30 5PA York

Dated: 25 October 2024

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SIR JOHN LEWIS'S HOSPITAL CHARITY

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2023

Current financial year Unrestricted Unrestricted Endowment funds funds funds general designated 2023 2023 2023 Notes £ £ £ Income Donations and legacies 3 10,704 - - Charitable activities 4 36,800 - - Investments 5 3,771 - - Total income 51,275 - - Expenditure Charitable activities 6 53,604 - - Net gains/(losses) on investments 10 118 5,601 143 Net (outgoing)/incoming resources before transfers (2,211) 5,601 143 Gross transfers between funds (2,100) 2,100 - Net movement in funds (4,311) 7,701 143 Fund balances at 1 January 2023 144,830 64,596 1,061,372 Fund balances at 31 December 2023 140,519 72,297 1,061,515	Total 2023 £ 10,704 36,800 3,771 51,275 53,604 5,862 3,533 - 3,533 1,270,798 1,274,331	Total 2022 £ 10,040 37,166 2,046 49,252 50,234 (5,642) (6,624) - (6,624) 1,277,422 1,270,798

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

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SIR JOHN LEWIS'S HOSPITAL CHARITY

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

Prior financial year

Unrestricted Unrestricted Endowment funds funds funds general designated 2022 2022 2022 Notes £ £ £ Income Donations and legacies 3 10,040 - - Charitable activities 4 37,166 - - Investments 5 2,046 - - Total income 49,252 - - Expenditure Charitable activities 6 50,234 - - Net gains/(losses) on investments 10 (222) (5,151) (269) Net (outgoing)/incoming resources before transfers (1,204) (5,151) (269) Gross transfers between funds (506) 506 - Net movement in funds (1,710) (4,645) (269) Fund balances at 1 January 2022 146,540 69,241 1,061,641 Fund balances at 31 December 2022 144,830 64,596 1,061,372

Total 2022 £ 10,040 37,166 2,046 49,252 50,234 (5,642) (6,624) - (6,624) 1,277,422 1,270,798

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SIR JOHN LEWIS'S HOSPITAL CHARITY

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2023

Notes Fixed assets Tangible assets 12 Investments 13 Current assets Debtors 14 Cash at bank and in hand Creditors: amounts falling due within one year 15 Net current assets Total assets less current liabilities Capital funds Endowment funds 16 Income funds Unrestricted funds - designated 17 Unrestricted funds - general	2023 £ 1,382 135,028 136,410 (11,054)	£ 1,064,718 84,257 1,148,975 125,356 1,274,331 1,061,515 72,297 140,519 1,274,331	2022 £ 2,649 133,641 136,290 (8,725)	£ 1,064,838 78,395
				1,143,233 127,565
				1,270,798
				1,061,372 64,596 144,830
				1,270,798

The financial statements were approved by the Trustees on 8 October 2024

Mrs B Jackson

Trustee

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SIR JOHN LEWIS'S HOSPITAL CHARITY

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

1 Accounting policies

Charity information

Sir John Lewis's Hospital Charity is a charity registered with the Charity Commission for England and Wales.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019".The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

The designated fund comprises those funds set aside by the trustees out of income funds for specific future purposes or projects.

The endowment fund represents those assets which must be held permanently by the charity, comprising freehold property and investments. Income arising from the endowment fund can be used in accordance with the objects of the charity and is included as unrestricted income. Any capital gains or losses arising on the investments form part of the fund.

1.4 Income

All incoming resources are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

1.5 Expenditure

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.

Charitable activities include those costs incurred by the charity in the delivery of its activities and services.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation.

1.7 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

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SIR JOHN LEWIS'S HOSPITAL CHARITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

1 Accounting policies

(Continued)

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets are measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities are recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements

Freehold Property

The freehold property assets comprising land and buildings have been valued by Carter Jonas using the Red Book definition of market value defined in VPS4. However, valuations change over time and additional variable factors play an important role in any valuation methodology. Therefore, the valuation method is subject to judgement and estimation.

3 Donations and legacies

	Unrestricted	Unrestricted
	funds	funds
	general	general
	2023	2022
	£	£
Donations and gifts	10,704	10,040
Donations and gifts
Lady Elizabeth Hastings Non-Educational Charity	10,550	9,900
Ledsham Parish Council	154	140
	10,704	10,040

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SIR JOHN LEWIS'S HOSPITAL CHARITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

4 Charitable activities

		Charitable	Charitable
		activities	activities
		2023	2022
		£	£
	Maintenance contributions from Almspeople	36,800	37,166
5	Investments
		Unrestricted	Unrestricted
		funds	funds
		general	general
		2023	2022
		£	£
	Income from listed investments	3,771	2,046
6	Charitable activities
		Almshouse	Almshouse
		expenditure	expenditure
		2023	2022
		£	£
	Depreciation and impairment	120	-
	Maintenance of almshouses	18,272	19,293
	Heating costs	13,167	14,751
	Rates and water	4,840	2,461
	Outside lighting	1,692	444
	Sundry expenses	550	528
	Legal and professional fees	5,608	3,668
		44,249	41,145
	Share of support costs (see note 7)	8,173	7,962
	Share of governance costs (see note 7)	1,182	1,127
		53,604	50,234

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SIR JOHN LEWIS'S HOSPITAL CHARITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

7 Support costs

Support Carter Jonas - Charge and expenses Subscriptions Accountancy fee Independent examiners fee Trustee indemnity insurance Analysed between Charitable activities	costs Governance costs £ £ 7,200 - 407 - 566 - - 849 - 333 8,173 1,182 8,173 1,182	2023 Support £ 7,200 407 566 849 333 9,355 9,355	costs Governance costs £ £ 7,200 - 233 - 529 - - 794 - 333 7,962 1,127 7,962 1,127	2022 £ 7,200 233 529 794 333
				9,089
				9,089

8 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year or previous year.

9 Employees

There were no employees during the year or previous year.

10 Net gains/(losses) on investments

	Unrestricted	Unrestricted	Endowment	Total
	funds	funds	funds
	general	designated
	2023	2023	2023	2023
	£	£	£	£
Revaluation of investments	118	5,601	143	5,862
	Unrestricted	Unrestricted	Endowment	Total
	funds	funds	funds
	general	designated
	2022	2022	2022	2022
	£	£	£	£
Revaluation of investments	(222)	(5,151)	(269)	(5,642)

11 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

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SIR JOHN LEWIS'S HOSPITAL CHARITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

12 Tangible fixed assets

Cost or valuation At 1 January 2023 At 31 December 2023 Depreciation Depreciation charged in the year At 31 December 2023 Carrying amount At 31 December 2023 At 31 December 2022	Freehold Property £ 1,053,000 1,053,000 - - 1,053,000 1,053,000	Car Park £ 11,838 11,838 120 120 11,718 11,838	Total £ 1,064,838
			1,064,838
			120
			120
			1,064,718
			1,064,838

The car park is situated on land leased from Ledston Estate on a 99 year lease at an annual rent of £5.

The freehold property was valued on 31 December 2020 by Carter Jonas, Chartered Surveyors, on an open market basis in accordance with the guidelines issued by the Royal Institution of Chartered Surveyors.

At 31 December 2023, had the revalued assets been carried at historic cost less accumulated depreciation and accumulated impairment losses, their carrying amount would have been £0 (2022 £0)

13 Fixed asset investments

43994.215 NAACIF income units 180.41 COIF accumulation units £ £ Cost or valuation At 1 January 2023 38,851 39,544 Valuation changes 664 5,198 At 31 December 2023 39,515 44,742 Carrying amount At 31 December 2023 39,515 44,742 At 31 December 2022 38,851 39,544	Total £ 78,395 5,862
	84,257
	84,257
	78,395

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SIR JOHN LEWIS'S HOSPITAL CHARITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

14 Debtors Amounts falling due within one year: Other debtors Prepayments and accrued income 15 Creditors: amounts falling due within one year Trade creditors Accruals and deferred income	2023 £ 320 1,062 1,382 2023 £ 9,063 1,991 11,054	2022 £ 1,622 1,027
		2,649
		2022 £ 4,852 3,873
		8,725

16 Endowment funds

Endowment funds represent assets which must be held permanently by the charity. Income arising on the endowment funds can be used in accordance with the objects of the charity and is included as unrestricted income. Any capital gains or losses arising on the assets form part of the fund.

		Balance at	Revaluations		Balance at	Revaluations	Balance at
	1	January 2022	gains and	1	January 2023	gains and	31 December
			losses			losses	2023
		£	£		£	£	£
Permanent endowments
Endowment fund		1,061,641	(269)		1,061,372	143	1,061,515
		1,061,641	(269)		1,061,372	143	1,061,515

The endowment fund represents land containing 2 roods (0.2 hectares) and 5 perches (126.45 sq. metres) or thereabouts situated at Ledsham in the County of West Yorkshire with eleven almshouses and 9,482 NAACIF income units.

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SIR JOHN LEWIS'S HOSPITAL CHARITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

17 Unrestricted funds - designated

These are unrestricted funds which are material to the charity's activities made up as follows:

Balance at 1 January 2023 £ Extraordinary repair fund 63,742 Cyclical maintenance fund 854 64,596 Balance at 1 January 2022 £ Extraordinary repair fund 68,387 Cyclical maintenance fund 854 69,241	Transfers Revaluations, gains and losses Balance at 31 December 2023 £ £ £ 2,100 5,601 71,443 - - 854 2,100 5,601 72,297 Transfers Revaluations, gains and losses Balance at 31 December 2022 £ £ £ 506 (5,151) 63,742 - - 854 506 (5,151) 64,596	Transfers Revaluations, gains and losses Balance at 31 December 2023 £ £ £ 2,100 5,601 71,443 - - 854 2,100 5,601 72,297 Transfers Revaluations, gains and losses Balance at 31 December 2022 £ £ £ 506 (5,151) 63,742 - - 854 506 (5,151) 64,596
		64,596

The extraordinary repair fund and the cyclical maintenance fund have been designated by the trustees for major repairs and refurbishment of the almshouses.

18 Analysis of net assets between funds

Unrestricted funds Designated funds Endowment funds 2023 2023 2023 £ £ £ Fund balances at 31 December 2023 are represented by: Tangible assets 11,718 - 1,053,000 Investments 7,014 68,728 8,515 Current assets/(liabilities) 121,787 3,569 - 140,519 72,297 1,061,515 Unrestricted funds Designated funds Endowment funds 2022 2022 2022 £ £ £ Fund balances at 31 December 2022 are represented by: Tangible assets 11,838 - 1,053,000 Investments 6,897 63,126 8,372 Current assets/(liabilities) 126,095 1,470 - 144,830 64,596 1,061,372	Total 2023 £ 1,064,718 84,257 125,356
	1,274,331
	Total 2022 £ 1,064,838 78,395 127,565
	1,270,798

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SIR JOHN LEWIS'S HOSPITAL CHARITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

19 Related party transactions

There were no disclosable related party transactions during the year (2022 - none).

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