REGISTERED CHARITY NUMBER: 226893
Rep)rt of thè Trllstees and
Unaudited Fln*nci*l Statements
for the Year Ended 30 June 2023
for
Spence'5 Hospitsl Charity
Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61aNoJth Street
Keighley
We* Yorkshire
BD213DS

Spence's Hospital Charity
Contents ofthe FinaThcial Stgtements
for the Year Ended 30 j￿￿¢ 2023
PAge
Report of the Trustees
I to 4
IThdependen¢ Eiamlner's Re￿rt
Stateme￿t of Flnttntlal Aetivities
Balance Sheet
Notes to the FinAnelal StAteme￿ts
to 12
Dttailed St•tem¢n¢ of Finaneial Aetlvitl
13

Sp¢n¢e's H05pitsI Charity
Report of the Trnstees
for the Year Ended 30 June 2023
The ttijstees present their report with the financial statements of the charity for the year ¢nded 30 J￿e 2023. Th¢ trustees
have adopted the provisions of A￿0[￿lIng and Reporting by Charities: Statement of Recommended Practice applicable to
harities pr¢paring their accounts in accordan¢¢ with the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 102) (eff¢ctive l January 2019).
OWECTIVES AND AcfiviTIES
Primarily the Charity was eslablished to provide residences for poor persons resident in the Parish of Carleion at the tim¢ of
appointhient. Wh¢re claims are oth¢Nise equal preference shall be given to the more aged applicant. In defrdult of a suitable
applicant re5idenr as afor¢said the Trustees may appoint a person otherwise qualified who is resident in any of th¢
neighbouring parishes.
ACHIEVEMENT AND PERFORMANCE
The Charity has continued to provide accommodation for up to eight residents at Spence's Court, the Charities prernis¢s at
Carleton in Craven.
During the year to 3thh June 2023 ther¢ have been exceptional items of expendtture on maintenance as follows..
Completion of Refvrbishment of Flat I
Plumbing and Electrical Refi￿bIshMent
tn5tallation of new Fire Alarn) (balance)
£650
£4.080
£5.978
Pa8e I

spe￿¢¢,5 Hospll*l Cknarlty
Report of the Trnsttts
for the Year EDded 30 June 2023
FINAP4CIAL REVIEW
The results show) within th¢se Financial Statements are in accordanc¢ with expectations of ihe Tn￿ees.
Maintenane¢ Contributions
In confomity with the Trustees. policy of p¢riodic reviews. th¢ Weekly Maintenance Contribution was reviewed ￿ the
Meeting held on 12th April 2022 when the Charitys Buduet based on The Almshouse Association specimen ouiline budget
for 2022123 was ¢onsidered. The Trustees resolved that ihe Weekly Matntenance Contribution should be increased by an
average of £7.67 per week per flat which would also include the Heating Contribution. This Contrtbuiion r¢mained effective
for the remainder of the year 10 30th June 2023. The rnaintenance contribuiion was again reviewed on 15th September 2023
and an average increase of £4.61 was implemented from that dale.
Reserves polley
The TTUStees have established and maintain a reseryes policy and they include ensuring a provision is budgded for each year
for Cyclical and extraordinary Maintenanc¢ in accordance with Almshouse Association r¢wmmendations. The trust¢¢s
nOm￿llY make a contribution each year to the Extraordinary Repair Fund {ERF) being a r￿erve fvnd for the purpose of
providing for the ¢xtraordinary repair, iTnprovement or rebuilding of the Almshouses frotn time to time belonging (o the
Charity.Dependent uport the level of expenditure incurred on such iletn5 in an ac¢ounting period. transfers ar¢ then made
from Income and Exp•)diture Account.This fijnd can be drawi upon to m¢¢t major items of improvements or extraordinary
repairs by appliC￿l￿n io the fund managers without the prior consent of the Charrty Commissioners. Each year the
Almshouse A&s0¢iation recommend a minimwn level of provision for the ERF and this is norrnally invested in Charifi￿d
M&G Accumulation Units and added to th¢ Charitys existing holding. The Trustees have also established a Cy¢li¢al
Mainlenance Fund (CMF) to which tyansfers are made from Income and Expenditure Accounr from time to time and this
fiujd is invesied in COIF Charities Deptssit Fund where the interest is reinvested. Th¢ fund is retained by the Tft￿tee5 to m¢el
maintenance occurring at regular intervals, for example external redecoration, and the cost of professional fees in r¢sp¢d of
Quinquennial Inspections. Periodically ai the Trustees Meettngs, the Trustees consider the question of amouThts lo tronsfer ¢0
the ERF and CMF on a r¢gular basis. However, the Trust¢¢5 felt that in view of the rec¢nt refvrbishment expenditure
Undertake￿ the￿ seemed little reason in making transfers to these fjjnds during the year.
Illvestmtnts
The Trustees reviewed valuations of the Charitys investments at the Ordinary Meetings. The valuations have shown an
overall small deficit in the total value of th¢ investments compared to the previous year. This had been anticipated following
the general market ¢onditions for the year and th¢ position was considered acceptable under the circumstanres. li had been
&￿ed iiw no changes in the investments ne¢ded to be made. The Trustccs considered that the overdll perfornJanc¢ of the
investsnents was satisfactory.
Almshouse Insurajhct Policy
The insurance with Royal & Sun Alliance was renewed for twelve months ¢omtnencing 30th June 2022. The buildings
including the Chariws contents are insur¢d for £1,386.276 and the R¢sident5 contents are insured for a total of £25,699 (8
uniis in equal proportions). The Public Liability Indemnity Limit is £5 million and the Legal Responsibilities to Employees
is £10 million.
The Reinsthiement cost of the property was assessed by WB W Chartered Surveyors Ltd at 25th July 2022 as £1,350,000, $0
Ihe ￿￿TeeS consider the cu￿nt level of eover w&s adequaie.
Charlty Trustee Assura￿¢¢
Within the Almshouse insurance policy there is insurance cover providing for tntstees, liability of £250,000. The level was
onsidered appropriate for the size and natur¢ of the ctwity.
Allotments
There are seventeen allotment holders are charged the annual non-refundable charge of £15 for a small allotmeni and
£20 for a large allotmeni.
Property Valuation
Page 2

SpeDee's Hospi¢#l Ch8rity
Report of the Trnstees
for the Year Ended 30 June 2023
The value of the property was assessed on an 'exisiin8 use, b&sis by Messrs. WBW Chartered Surveyors Ltd 81 25th July
2022 at a value of £550,000. This valuation disregards any possibl¢ alternative uses and any other characteristlC5 of the asset
that would cause its Market Value to dityer from that needed to replace the remaining serviee pot¢ntial at least cosl. The
trustees regard that this valuation, which was Lmdertaken on 25th July 2022 should be the revaluation amount to be carried
forward at 30th June 2023 and any differences in the amounts between these dates would not be material.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Covernlng documeDt
The ¢harity is Controlled by its governing do¢ument, a deed of trnst and eonstitutes an unincorporated charity.
Sp¢n¢e's Hospital Charity ai Carleton in Craven was compris¢d in a Scheme of the High Court of Justice (Chancery
Division) of 7 AUg￿t 1877 and Schemes of the Charity Commissioners of17 July 1888, 19 February 1901. 14 August 1931,
17 tkcember 1968 and 25 October 1973. The Scheme dated 25 October 1973 repl￿ed ihe provisions of the earlier Schemes
and therefore the 1973 Scheme is the ¢harity5 Govcrnin8 Do¢wn¢nt.
organi￿tional structure
The Trust¢es shall consist when compleie of seven competent persons being on¢ Nominative Tn￿tee and six CovOPtative
Trustees. The Nominative Trust¢¢ shall be appointed by the Parish Couwil of Carl¢ton arKI each appointment shall be made
for a temi of four years at a meeting convened and held according io the orditwy praclice of the Council. The person
appointed may be. but need not be, a rnember of the Council. The Co-optaiive Trustees shall be persons under th¢ ag¢ of
seventy-five years through residence, oc¢upa¢ion or employnent or othetivise have special knowledge of the Parish of
Carleton. Any C04)ptativ¢ Trustee who has attained the a8e of seventy years may ¢ontinue in office only with the consent of
hig or her C0-tr￿stee8. Every futtre Co•optslive Trustee shall be appointed for a tenn of five years by a resolution of the
TnLSt¢¢s passed at a Special Meeting of which not less than ￿enty-one days, notice ha5 been giyen.
The Trustees nOrIT￿llY rn¢et at least half yearly for Ordinary Meetings. and routine and maintetwi¢¢ matters have b¢¢n dealt
with remotely by the committee. An Annual G¢nernl Meeting was held on 21st September 2022.
The Charity is the Owll￿ of eight a]rnshou5es and one other flat occupied by the Warden and they are siiuated ai Spences
Court, Carleion Skipton North York5hir¢. When there is a vacancy, the Trustees ty io r￿d a resident in the Parish of
CaTleton suitable for appointment as an abnsper50n. Where clauns are otherwise equal, preference shall be given io the more
ag¢d applicant. If on the occasion of a vacancy th¢r¢ 1$ no 5uitsble app]i￿nI qualified, the Trustees may appoint a person
otherwise qualified who 15 resident in any of the neighboiurin8 parishes.
Tryslees
Mrs S Williams Wd5 appoint¢d ￿ a Co-optalive Ttwtee on 21st September 2022, and likewise Rev K Shoe5mith on 18th
September 2023.
Rei*t¢d pgrti¢S
The Charity has no related parties.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Ch4ri¢y number
226893
Principal 4ddres3
at Carldon in Craven
clo Mr R Machi[4
No. l Thornton House
Thomton in Craven
North York5hir¢
BD23 3TB
Page 3

Spence'5 Hospitsl Charlty
Report of tbe Trustees
for the Ye4r Ended 30 June 2023
Trustees
Mr N P Clayton-stead
Mr R Humphrey (resign¢d 18.9.23}
Mr P Holmes
Mr J Cull¢n
Mr J Churcher
Ms F Steel
Mrs S Williams (appointed 21.9.22)
Rev K Shoestnith lappoinied 18.9.23)
IDdepeudent Examiner
Helen Louise Barritt FMAAT
Stirk Lambert & Co
Charter¢d Accountants
Russell Chambers
6 la North Strect
Keighley
West Yorkshire
BD213DS
Approved by order of the board of trustees on 13 May 2024 and sigt]ed on its behalf by..
N P Clayton-Stead- Trustee
Pag¢ 4

Independent EMmlntr's Report to the Trus¢ees of
Spenee's Hospital Ch8rity
Independent examiller's report to the Irystees of Spellre's Hospltal Charity
I report to the charity trustees on my examination of the acwunts of Spence's Hospital Charity (the TnLqI) for the year ended
30 June 2023.
Re5ponsibilitie5 and basis of report
As the charity trustees of the Trust you are responsible for the preparntion of the accounts in accordance with the
requirements of the Charities Act 2011 Ilhe Act,).
I report in respeu of my ¢x8mination of the Trust's accounis carried out under Section 145 of the Aet and in ¢2rwng out my
examination I have followed all applicable Dir¢ctions given by ihe Charity Commission under Section 145{5)(b) of the Act.
Indep¢ndent examiner's Statement
I have completed my examination. I confirni that no material matters have come to my attention tn com)ection with the
examination giving me ca￿e io believe that in any matcrial respect..
accounting records were not kep¢ in respect of the Th￿t as required by Section 130 of the Act. or
the a¢¢ounts do not accord with th9se r¢cords' or
the accounls do not cornply with the applicabl¢ requir¢m¢nts ¢onc¢ming the form and ¢ont¢ni of accounts sei out in
the Charities (Accowits and Reports) Regulations 2008 other than any requirement that the accounts give a trne and
fair view which is no( a Matter considered as w of an indep¢nd¢nt examination.
I have no concerns and have come across no other matters in connection with ihe examination to which attention should be
drawn in this report in order to enable a proper understanding of the ac¢ounts to be reached.
Helen Louise Barritt FMPAT
Stirk LaTnb¢rt & Co
Chartered A¢courytants
Russ¢11 Chambers
61a North Street
Keighley
West Yorkshire
BD213DS
13 May 2024
Page 5

Spente'5 Hospital Charlty
Statement of Flnancial Activities
for the Year Ended 30 Julle 2023
30.6.23
Total
fijnds
30.6.22
Total
funds
Unr¢strirted
funds
Restrict¢d
Noies
INCOME AND ENI)OWMETrrrs FROM
Other trading activities
Inyestment income
30.268
12.991
30,268
12,991
29,824
14,913
Total
43,259
43,259
44.737
EXPENDITURE ON
Other
42,444
42,444
39,259
gain5 on investmeNs
50.000
NET INCOME
815
815
55.478
RECONCILIATION OV FUNDS
Total funds brought forward
517,4J8
550,000
1,067,438
1,011.960
TOTAL FUNDS CARRIED FORWARD
518.253
550.000
1,068.253
1,067,438
The notes forn) port of th¢s¢ financial staiements
Page 6

Spene¢'$ Hospitsl Charlty
B*lanee Sheet
30 Junt 2023
30.6.23
Total
nds
30.6.22
Total
fimds
Unrestri¢¢ed
fiu)ds
Restricted
fu
Notes
FIXED ASSETS
lthve5tmeDts
Investments
Investment properry
442,424
442,424
550,000
431,772
550,000
550,000
442,424
550,000
992,424
981.772
CURREIYT ASSETS
Debtors
Cash at bank
600
76,829
600
76.829
509
88,758
77.429
77,429
89,267
CREDITORS
AmOW￿ falling due within one year
(1,600)
(1,600)
13.601)
NET CURRENT ASSETS
75.829
75,829
85,666
TOTAL ASSETS LESS CURRENT
LIABILITIES
518,253
550,000
1,068,253
1,067.438
JYET ASSETS
518253
550.IK)O
1,068.253
1,067,438
FUNDS
Unrestricted fimds
Restricted funds
518.253
550,000
517,438
550.0(X)
TOTAL FUNDS
1,068253
1.067.438
The finan¢ial statements were approved by the Board of T￿￿leeS and authorised for isgue on 13 May 2024 and were SI￿)ed
on its behalf by..
P CIa￿on-stead- Trustee
The Dores forn) part of (hese fin#n¢ial statements
Page 7

Spence's Hospi¢41 Charity
Notes to the Flrtameial Ststements
f￿r the Year Ended 30 June 2023
ACCOUNTING POLICILS
Basis of prnp#riThg the financial st#tem¢Dts
The financial stat¢ments of the ¢harity. which is a publir benefit entity under FRS 102, have been prepared in
accordance with th¢ Ciwities SORP (FRS 102)'Accounting and Reporting by Charities: Ststement of Re¢omm¢nd¢d
Practic¢ applicable to charities preparing iheir ac(ounts in accordance the Financial Reporting Standard
applicable in th¢ UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporting Stsndard
102 The Financial Reportin¥ Standard applicable in the UK and Republtc of Ireland, and rhe Charities Act 2011.
The f￿ancIal statements have been prepared under th¢ historical cosi convention, with the exception of inv¢stments
which ar¢ included ai matket value, as modifi¢d by the revaluation of certain assets.
In¢ome
All income is recognis¢d in the Ststement of Financial Activities on¢e the C￿lty has entitlement to the fi]nds, it is
prob8bl¢ that the income will be received and the amount ran be measured r¢liably.
Expenditur¢
Liabilities are reeogni5ed as expenditure as soorh w there is a legal or constructiv¢ obligation committing the charity
to that expendilure, il is probable that a trdnsf¢r of economic benefits will be required in settlement and the amount
of the obligation can be measured reliably. Expenditure is accounted for on an aC¢n￿lS basis and has been classified
der h¢adings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular
headings they have be¢n allocated to activities on a basis consistent with the use of resources.
IDvestment property
Investment property i5 shown at most recent valuation. Any aggregate surplus or defi¢it arising frorn changes in fair
value is recognrsed in the Statement of Financial Activitie5.
Taxatitin
The charity is ¢xcmpt from tsx on its charitabl¢ a¢tivities.
(YrHER TRADING ACTIVITIES
30.6.23
30.6.22
Maintenance contributions
30268
29,824
INVESTMEf4T INCOME
30.6.23
30.6.22
Dividends r￿elY¢d- COIF
Dividends Re¢eiv¢d- BlackRock
Deposit account interest
Revaluation- ERF
Revaluation - Accumulation
Revaluation- income
19,577
92
1,840
(10.376)
1.762
17,216
92
127
(595)
(772)
11,155)
12,991
14.913
Page 8
continued...

Sp¢Jbce's H&spitsl Cb*rhy
to the Flrtancial Ststement$- ¢ontlnued
for the YeAr Ended 30 June 2023
TRU￿E£s. REMUNERATION AND BENEFITS
There were no trustee5' T¢muneration or other benefits for the year ended 30 June 2023 nor for the year ended
30 June 2022.
Trus¢tts' expense5
There wer¢ no trustees, expenses paid for the year ended 30 June 2023 nor for the ye4r ended 30 June 2022.
FIXED ASSET INVEsfMEf4TS
Li5t¢d
investments
MARKET VALUE
At l July 2022
Addition5
Revaluationg
431.772
19.170
{8.518)
At 30 Jun¢ 2023
442.424
NET BOOK VALUE
At 30 June 2023
442,424
At 30 June 2022
431,772
Th¢re were no investhient assets outside the UK.
Cost or valuation at 30 Jw)e 2023 is repr¢sented by:
Listed
investments
Valuation in 2023
Cost
(8,518)
450,942
442.424
INVESTMENT PROPERTY
The investment property known as Carleton Almshouses valued on 25 July 2022 by WBW Surveyors Ltd of
Skipton at £550.000.
Fair valu¢ at 30 June 2023 is represented by..
Valuation in 2022
550,000
Page 9
coniinued...

Spence's Hospitsl Ch4rity
Notes to the Financial St3tem¢nts- continued
for the Ye*r Ended 30 June 2023
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23
30.6.22
Other debtors
600
509
CREDITORS: AMouf4TS FALLING DUE WITHIN ONE YEAR
30.6.23
30.6.22
Trad¢ ¢reditors
1.6(M)
3,601
MOVEMENT IN FUNDS
Net
movement
in funds
At
30.6.23
At 1.7.22
Unrestricted funds
Exrraordinary repair
Income
Accwnulation
Cyclical maintenance
388,123
32,441
27.612
69262
8,795
(11.5821
1.762
1.840
396.918
20,859
29,374
71,102
517,438
815
518.253
Restricted f•nds
Land and Buildings
550.000
550,000
TOTAL FUNDS
1.067.438
815
1.068.253
Net tnovement in fund4 included in the abov¢ are as follows..
In¢oTning
resources
Resources
expended
Movement
in funds
Unrestrieted fuDds
Extraordinary repair
lllcotne
Accumulation
CyclicAI maintenance
8.794
30,863
1,762
1,840
8,795
(11.582)
1,762
1.840
(42,445)
43.259
(42.444)
815
TOTAL FUNDS
43,259
(42,444)
815
Page 10
continued...

SpeDce'5 Ho$pltsl Charlty
Notes to the FiD8nCig1 Statements- eontittued
for the Year Ended 30 June 2023
MOVEMENf IN FUNDS- ¢olltinued
Comparntives for movement T￿ndS
Net
movement
in funds
At
30.6.22
Ai 1.7.21
UThTestri¢leil funds
Extraordinary repair
Income
Accumulation
Cycli¢al maintenance
371,902
42.538
28.385
69,135
16221
(10,098}
(772)
127
388,123
32,440
27,613
69.262
511.960
5.478
517.438
Reslrieled f¥nds
LarKi and Buildings
500.000
50,000
J50,000
TOTAL FUNDS
1,011,960
55.478
1.067.438
Comparative net movement in filnds. included in the al)ov¢ are as follows..
Incoming
re50ur¢es
R¢SoUr￿5
expended
Gains and
losses
Movement
in funds
UDreslrieted funds
Extraordinary r¢pair
In¢om¢
Accwnvlalion
Cyclical maintenance
16221
29.161
(772)
127
16221
(10,098)
{772)
127
(39,259)
44.737
(39259)
5,478
R¢5tricted funds
Land and Buildings
50,000
50,0(MJ
TOTAL FUNDS
44.737
(39,259)
50.000
55.478
Pagell
continued...

Spenee's H05pitsI Charity
Notu to the Fiuancial Stat¢ments- fontinu¢d
for the Year Ended 311 June 2023
io.
RELATED PARTY DASCLOSURES
Tlwe were no relaied party transactions for the year ended 30 June 2023.
Page 12

Spence's Hospitsl Charlty
Detsiled Ststement of Finincial Activities
for the Year Ended 30 June 2023
30.6.23
30.6.22
INCOME AND ENLK)WMENTS
Other tr4din¥ activities
Maint¢nance contrÉbutions
30,268
29,824
Investment kn¢om¢
Divid¢nds received- COIF
Dividends Re￿]ved- BlackRock
Deposit account interest
Revaluation- ERF
Revaluation- accumulation
Reva]uat20n- income
19.577
92
1,840
(10.376)
1.762
96
17,216
92
127
(595)
(772)
(1,155)
12,991
14.913
Tot81 ID¢oming resoure¢s
43.239
44.737
EXPENDITURE
Other
Handyman
Accountan¢y
Sundries
Gas and ¢l¢¢tri¢iry
Almshouse insurance poliey
Cleaning and mainienance
Rates and water
Warden's salary
Administrative charges
633
1,463
1.182
12,177
2,806
13,353
2.685
5,745
2,400
909
886
369
11,198
1.253
15273
2,457
4,914
2,000
42,444
39,259
Total resources ¢xp¢nded
42.444
39259
Net itteome
815
5,478
This page does not fom) part of the ststuiory financial statements
Page 13