2023-04-30-accounts - Fountain's Hospital

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Charity No. 225068

FOUNTAIN'S HOSPITAL CHARITY

ACCOUNTS

YEAR ENDED 30 APRIL 2023

ARTHUR E WALKER & CO

6 WATER STREET SKIPTON BD23 1PB

Fountain's Hospital Charity Statement of Assets and Liabilities at 30 April 2023

£ £ 450,491.70 35.00 3,558.00 86,318.64 89,911.64 177,223.60 717,626.94 17,015.09 589.75 40.08 37,484.22 484.92 55,614.06 2,008.90 4,502.00 6,510.90 49,103.16 766,730.10 456,016.16 99,608.57 3,836.31 37,483.73 7,871.42 21.34 19.30 161,873.27 766,730.10 Signed ……………………………………………… Signed ……………………………………………… 2023	£ £ 450,491.70 35.00 3,558.00 81,937.95 85,530.95 156,335.52 692,358.17 2,191.13 7,573.52 23,977.04 48,410.05 - 82,151.74 1,886.50 3,875.00 5,761.50 76,390.24 768,748.41 456,016.16 96,691.51 3,574.96 48,410.06 7,187.89 21.34 19.30 156,827.19 768,748.41 ………………….. ………………….. 2022	£ £ 450,491.70 35.00 3,558.00 81,937.95 85,530.95 156,335.52 692,358.17 2,191.13 7,573.52 23,977.04 48,410.05 - 82,151.74 1,886.50 3,875.00 5,761.50 76,390.24 768,748.41 456,016.16 96,691.51 3,574.96 48,410.06 7,187.89 21.34 19.30 156,827.19 768,748.41 ………………….. ………………….. 2022
Signed ……… Signed ………	………………….. …………………..
		768,748.41
		456,016.16 96,691.51 3,574.96 48,410.06 7,187.89 21.34 19.30 156,827.19
		768,748.41

Fountain's Hospital Charity Receipts and Payments Account year ended 30 April 2023

Receipts Property Rents Residents' W.M.C Interest Investment Income Use of Chapel Donations Sale of shares Payments Clerk's Salary Clerk's Expenses Accountancy NAA Subscriptions Insurances Chapel Repairs Repairs Sundries Light & Heat Water Rates Ecclesiastical Fund Caretaker Payments to Poor Fund Stationery & Adverts Purchase of Shares Donations (Deficit)/Surplus for year Opening Balances B/forward Current Account Saver Account Virgin Deposit Account Virgin Deposit Account (Deficit)/Surplus for year Closing Balances C/forward Current Account Saver Account Virgin Deposit Account Virgin Deposit Account	£ £ 32,627.35 12,068.30 11,791.52 400.97 - 172.00 - 57,060.14 1,500.00 80.50 1,662.00 196.00 6,669.21 217.48 36,397.35 577.56 599.41 1,621.96 - 600.00 8,692.50 - 25,268.77 - 84,082.74 (27,022.60) 2,191.13 7,573.52 23,977.04 48,410.05 82,151.74 (27,022.60) 55,129.14 17,015.09 589.75 40.08 37,484.22 55,129.14 55,129.14 2023	£ £ 31,531.35 12,820.00 9,924.06 391.36 - 20.50 35,409.00 90,096.27 1,150.00 94.80 1,656.00 187.00 6,209.24 875.92 45,196.61 1,657.44 277.38 1,757.98 3,273.00 550.00 4,991.00 - 24,130.26 - 92,006.63 (1,910.36) 7,261.48 2,572.64 23,954.25 50,273.73 84,062.10 (1,910.36) 82,151.74 2,191.13 7,573.52 23,977.04 48,410.05 82,151.74 82,151.74 2022	£ £ 31,531.35 12,820.00 9,924.06 391.36 - 20.50 35,409.00 90,096.27 1,150.00 94.80 1,656.00 187.00 6,209.24 875.92 45,196.61 1,657.44 277.38 1,757.98 3,273.00 550.00 4,991.00 - 24,130.26 - 92,006.63 (1,910.36) 7,261.48 2,572.64 23,954.25 50,273.73 84,062.10 (1,910.36) 82,151.74 2,191.13 7,573.52 23,977.04 48,410.05 82,151.74 82,151.74 2022

			82,151.74

FOUNTAIN'S HOSPITAL CHARITY NOTES

1 2 3	Freehold Properties Town Head Farm - valued 1986 Pickering End Farm - valued 1986 Malham Moor Pasture - valued 1980 Millstone Ghyll Pasture - valued 1980 Linton Hospital - valued 1975 Alterations at Cost Further Alterations at cost Land Lamberts Field Calton at Cost - September 2009 General Account-Rents Received Supplementary Agreement re Town Head Farm Town Head Farm Pickering End Farm Malham Moor Pasture Millstone Ghyll Pasture Shooting Rights Hole Bottom Farm Gardens PCC Linton Fishing Rights Lamberts Field Investment Income General Account - COIF Income Shares Hospital Branch Mercy Kirkley's Charity £5.97 COIF Income Shares T Foster Bequest Account 683 NAACIF Shares Rev Henry Crofts 649 NAACIF Shares		TOTAL FUNDS 2023 £ 168,475 12,000 2,000 3,000 27,000 2,661 63,039 172,317 450,492 11,011.70 14,000.00 1,350.00 450.00 900.00 451.00 0.65 40.00 3.00 1,000.00 3,421.00 32,627.35 351.11 3.26 23.89 22.71 400.97		TOTAL FUNDS 2022 £ 168,475 12,000 2,000 3,000 27,000 2,661 63,039 172,317
					450,492
					11,011.70 14,000.00 1,350.00 450.00 900.00 375.00 0.65 20.00 3.00 - 3,421.00
					31,531.35
					344.22 3.20 22.53 21.41
					391.36

4 The following investments are not included in the balance sheet:

(i) 649 Income shares in NAACIF held by Henry Crofts Trust (Charity Number 504564) which cost £183; and

(ii) 683 Income shares in NBAACIF held by T Foster Deceased Bequest Fund which cost £202.

FOUNTAIN'S HOSPITAL CHARITY NOTES CONTINUED

5 6	Interest General Fund Higher Rate deposit account Interest on 1183 (1183) Accumulation Shares NAACIF Virgin Money Deposit Account Extraordinary repairs fund Interest on 1,945.451 Accumulation Shares NAACIF Cyclical maintenance account Virgin Money Deposit Account General Fund Income Property Rents Interest Investment Income Use of Chapel Donations Expenditure Clerk's salary Clerk's expenses Accountancy Insurances Chapel Repairs Property Repairs Sundries Light & Heat Caretaker Donatons Transfer to Extraordinary repair fund Surplus for year Transfer to Hospital Branch (26/76) Transfer to Ecclesiastical Branch (20/76) Transfer to Poor Branch (30/76)

FOUNTAIN'S HOSPITAL CHARITY NOTES CONTINUED

7 8	Hospital Branch Income Residents' W.M.C. Investment income Expenditure Clerk's Salary Accountancy Stationery & Adverts NAA subsriptions Insurances Repairs Light & Heat Sundries Water Rates Surplus for year Balance as at 1 May 2022 Surplus for year Transfer from General Fund Transfer to Cyclical Maintenance Fund Balance as at 30 April 2023 Ecclesiastical Branch Income Expenditure Local Ecclesiastical Charity Deficit for year Balance as at 1 May 2022 Deficit for year Transfer from General Fund Transfer to poor fund Balance as at 30 April 2023	2023 £ 775.00 831.00 - 196.00 1,576.30 3,117.44 - - 1,621.96	2023 £ 12,068.30 3.26
			12,071.56 8,117.70
			3,953.86
			96,691.51 3,953.86 4,987.20 (6,024.00)
			99,608.57
			- -
			-
			3,574.96 - 3,836.31 (3,574.96)
			3,836.31

FOUNTAIN'S HOSPITAL CHARITY NOTES CONTINUED

9 10 11	Cyclical Maintenance Fund Income Interest on Virgin Deposit Account Expenditure Repairs Sundries Deficit for year Balance as at 1 May 2022 Deficit for year Transfer from Hospital Branch Balance as at 30 April 2023 The Poor Branch Income Expenditure Payments to Poor Deficit for year Balance as at 1 May 2022 Deficit Transfer from General Fund Transfer from Ecclesiastical Balance as at 30 April 2023 T Foster Deceased Bequest Account Income Investment income Expenditure Payments to Poor Surplus for year Balance as at 1 May 2022 Surplus for year Balance as at 30 April 2023	2023 £ 127.48 17,077.81 -
		(16,950.33)
		48,410.06 (16,950.33) 6,024.00
		37,483.73
		- 8,645.90
		(8,645.90)
		7,187.89 (8,645.90) 5,754.47 3,574.96
		7,871.42
		23.89 23.89
		-
		21.34 -
		21.34

FOUNTAIN'S HOSPITAL CHARITY NOTES

12 13 14	Henry Croft's Trust Income Investment income Expenditure Payments to Poor etc Surplus for year Balance as at 1 May 2022 Surplus for year Balance as at 30 April 2023 Extraordinary Repair Fund Income Interest Profit on sale of shares Expenditure Repairs Deficit for year Balance as at 1 May 2022 Deficit for year Transfer from General Fund Balance as at 30 April 2023 Capital Fund Balance as at 1 May 2022 Balance as at 30 April 2023	2023 £ 22.71 22.71
		-
		19.30 -
		19.30
		7,204.08 -
		7,204.08 15,842.00
		(8,637.92)
		156,827.19 (8,637.92) 13,684.00
		161,873.27
		456,016.16
		456,016.16

FOUNTAIN’S HOSPITAL

GENERAL INFORMATION FOR THE YEAR ENDED 30[th] April 2023

CHARITY NUMBER	225068
TRUSTEES
	Richard Bradley
	Jean Brooksbank
	Angela Knowles
	Joe Midgley
	Ian Jowett
	Avril McGuinn
	Kate Midgley
	J Metcalfe
	Clare Oakes
	Emma Sandoe
	Robert Stockdale
CLERK:	Sheila Ely
	Bank View Cottage
	Hebden
	Skipton
	BD23 5DU
SOLICITORS:	Richard Bentley
	Goad & Butcher
	The Market Place
	Settle BD23 9DR
ACCOUNTANTS:	Arthur E Walker & Co
	6 Water Street
	Skipton
	BD23 1PB
BANKERS:	Barclays Bank
	49 High Street
	Skipton
	BD23 1DH
LAND AGENT:	Caroline Sunter
	David Hill
	Mill Bridge
	Skipton
	BD23 1NJ

FOUNTAIN’S HOSPITAL

TRUSTEES’ REPORT FOR THE YEAR ENDING 30[th] April 2023

We the Trustees have pleasure in submitting our report, together with the accounts of the Charity for the year ended 30/04/22

History of the Charity

Fountain’s Hospital has been providing almshouse accommodation and welfare grants for almost 300 years. The charity was originally established in 1721 from a bequest in the Will of Richard Fountain of the City of London, who was born in Linton-inCraven.

Governing document

A Charity Commission Scheme dated 18 September 1973 forms the governing document.

Activities

The charity owns and manages an 18[th] century Grade 2* listed building known as Fountain’s Hospital. The property is made up of six almshouses, chapel and gardens, providing residential accommodation (four single and two double) for people who have previously lived in the Ecclesiastical Parish of Linton, which includes the townships of Grassington, Hebden, Linton and Threshfield. There is no resident warden.

The charity also makes annual grants of money to people and organisations in Linton Parish as detailed below.

The trustees confirm that they have had regard to the Charity Commission’s guidance on public benefit.

The trustees confirm that the major risks to which the charity is exposed, as identified by the trustees, have been reviewed, and systems or procedures have been established to manage those risks.

Trustees

The maximum number of trustees permitted under the Scheme is twelve. There are currently eleven trustees.

Four Nominative trustees are the appointees of the four parish councils that make up the Ecclesiastical Parish of Linton: Grassington, Hebden, Linton and Threshfield. The

remaining seven Co-optative trustees reside or carry on business in the Parish of Linton.

Trustees are asked to sit on one of three informal sub-committees that report back quarterly to the main body of trustees: these are Finance, Welfare, and Farms & Land. The remit of these sub committees is detailed below.

Income

The charity derives income from its investments, rents from farms and land, and the weekly maintenance contribution from almshouse residents.

After the deduction of all costs, charges and loan payments, surplus income is apportioned to the Poor’s Branch, Hospital Branch and Ecclesiastical Branch, in accordance with the Scheme.

Reserves

The reserves held on 30/04/23 were:	£
Extraordinary repair fund	161,873
Cyclical Maintenance fund		37,483
Routine Maintenance fund	-	9054 refurbishing No6
Poor Branch		7871
Hospital Branch	99,608
Ecclesiastical Branch		3,836

Poor Fund Branch

The Trustees make annual grants of money to young people between the ages of 16 and 25 living in the Parish of Linton, in order to assist with their studies.

Grants are also made annually to people living in the Parish of Linton to relieve need, hardship, or distress. We also make occasional one-off grants to local schools, or other educational and welfare organisations within the Parish.

Hospital Branch

The Trustees apply the income of the Hospital Branch for the benefit of the Almshouse residents.

Ecclesiastical Branch

The Trustees make an annual payment to the Rector of Linton, for him or her to use for the benefit of persons living in the Parish of Linton. In recent years this has been supporting a local ecumenical youth group called Reverb but this last year the youth

group was not functioning so received no money. The payment is subject to the Rector living within the Parish and saying prayers at the Fountain’s Hospital chapel once a week and since this has not happened the Ecclesiastical Fund was transferred to the Poor Fund.

Sub-committees

Finance

The Finance committee (a sub-committee of four trustees) in conjunction with the Clerk, review and set an annual budget, and report quarterly to the Trust on the overall financial position of each fund.

Farms & Land

The charity owns farms and land locally from which a rental income is derived. A sub committee of four trustees oversees Farms & Land, reporting to the main body at quarterly meetings. The land agent gives advice.

Welfare

Day to day responsibility for the management of the Almshouses and implementation of policy set by the Trustees is carried out by a Welfare sub committee of four trustees who report to the main body at quarterly meetings. The Welfare sub committee took specialist advice on Fire Safety in January 2018 and followed this up with a formal risk assessment, which is reviewed annually.

All Trustees meet informally with Almshouse residents twice a year, and look round the gardens in summer. We are pleased that the residents continue to be satisfied with the standard of accommodation provided and the maintenance of the grounds.

Maintenance

A Quinquennial property survey of the Fountain’s Hospital building was carried out in October 2021, enabling the identification of short, medium and long-term maintenance requirements. Much work is being undertaken on the windows and roof with No 6 having been refurbished.

Development

The Trustees currently have no plans for extension of the services provided beyond the existing premises.

The Fountain’s Hospital Charity complies with all current legislation concerning the following: risk management, investment, conflict of interest, vulnerable beneficiaries and volunteer management.

Signed..................................................................... Date..................................