Charlty Reglstration No. 227469 HOLLIS'S HOSPITAL TRUSTEES. REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023
HOLLIS'S HOSPITAL LEGAL AND ADMINISTRATIVE INFORMATION Tru¥t••¥ Mr D N Shoesmilh Ichaimianl Mrs M A Neill (Deputy Chairman) Mr W Moore Mrs A Wiggins Mrs M E McHugh Mrs E Shoesmilh Mrs J c(ring10n Mrs C MCM) Mr J Robinson Mr N CC#an9l0n Cl•rk to th• Trustms Emma Legdon Charlty numb•r 227469 Prlnclpal •ddr••• The Hart Shaw Buildlng Europa Link Sheffield Business Pat1( Sheffield S9 IXU Ind•pond•nt •x4mSn•r Nicola Adams ACA DChA BHP LLP 2 Rulland Pa Shoffield S10 2PD Bank•rn National Weslmln51er 8ank PIC City ol London Off6 1 Princgs Slreel London EC2R 88P Sollcltorn Knights LLP Commercial House 14 Commercial Street Sheffield S12AT Invo8tment advl#or¥ Ralhbon8S Beech House 61 Napier Street Sheffield S118HA
HOLLIS'S HOSPITAL CONTENTS Pa9e Trustees. report Indepgndgnl axaminer's rgport Slalemonl of nnandal actlvlllos Balance sheet Noles lo the accounts 8-20
HOLLIS'S HOSPITAL TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The truslees present their annual report and financial slalements for the year ended 31 Decmber 2023. The accounts have b8en prepared in accordance with the accountin9 policies 581 out in note 1 to the acLounls and comply Imlh the charity's Statement of Agreement. the Charities Act 2011 and "Accounting and Reporting by Chanlies.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reportlng Standard applicable in the UK and Republic ol Ireland IFRS 1021 lellects.ve l January 2D191". Oble¢tlvg• and a¢tl¥ltle$ The objects ol the charity are io provldg shellergd a¢commodatlon fly lemale pensioners. the payment of penslon6 and the making ol grants lo Ihg Minlsters ol ¢grtaln nominalgd nonconformlst ¢hapel$. The Hollis Educational Foundat designated fund is for the payThenl ol grants for educational purposes. The Jo8¢ph Frlth CharSty designalod lund is lor Ihe paymgnl of granis to dlsadvanlaged people. Thg Ellen Cartgr Fund is a Pgrmanfjnl ondowmfjnl lund bul the income Qgngraled Is unrgstrlclod. The ctt8nly provides 8lmshovses lof up lo len sin9le. elderly females In promises that have been up3f8ded over r8¢8nl years and now provide ten self conlalned flats. Th8 Trustees consTrder that the charlly has achl8ved ils objecllves, Further Improvements and conlinu8d mainl8nanc8 ol the property is planned lor the lulure. particularly with regard lo the requirements ol the listed slalus of the pramises and changes In requir8ments for p8opl8 with ¢Jis8bililies. Grants are awardeé Irom the Hollis Educ8llonal Foun¢Jallon and th8 Joseph Frlth Charlty fL4nds lo appropriate deserying cases when appropriale cases have been Sdenlified by the Trustees. The focus of our acliviliès remains the Pfovision ol sheltered accommodation for female pensioners. This 5erviee b8nelils eldedy p8ople by Providlng them ¥th affofd8bl8 $éeure and Safe homè$ whilst en¢ouragin9 Ih6m lo remain Independent. In addition the charity provides grants for educallonal purposes. Th8se grants ar8 available lo berItIar1és regardless ol their age. gender or personal circumstances. The Truslees believe that this encourages people lo pursue educational training and qualificalions in order lo improve their employment prospects. Wemare grants are also paid out lo disadvaniaged persons recommended lo Ihe Trustees. The Trustees believe that thi5 8ncoura98s peoplo in disadvaniag8d clrcumstgnces lo help Ihemsolves and so improve Ihg quaity of th8lr lives. We have referred lo the guidance o)nlained In the Charity Commission's goneral guklance on public benofft when reviewlng our aims and obje¢lives. Achl•v•m•nts and p•rfomanc• The Slalemenl of Financial AGtivilies is sel out on pages 5- 6. The orfgSn81 fund and subseouent vnrestricte(I leg8cy Irom J N Solly are Invested Io generate Inc(ne wlth whlch to run the premises and the assooaled administration of the charity_ In meeling their obj8cts"ves. the Truslees have nlinued lo maintain and improve the quality of 8Ccommat)n 8vai18ble lo rewdents. The ¢harity's income is generated from UK investments listed on the London Slo¢k Exchange. These 8re managed on 8 discretsonary basls by investrnenl adwsors who seek to achieve a b81anced luM of Ixplh income and capital growth. The performance of the stock mar1(el is outside the control ol the charity 8n(I therefore the resullanl income generated 8n(I capital performance of its investsnents may impact on the level of Income the charity is able lo uts'lise.
HOLLIS'S HOSPITAL TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Flnan¢lal r•¥lew Total income and endowments for the year w8$ £94.671 12022., £91,685).. 10101 expendllure wo$ £67.242 12022.. £84,483): and Ihe nel losses on investments were £21.31612022.- £146,774). This rgsult8d in not income for th8 y8ar of £6.11312022'. not exponditure of £139,572). The realised gains on Ihe sales of inveslments were £14,837 12022.. £18,947) while the unrealised bsses on nvestmenis held al Iho end ol Ihe year were £36.15312022.' £165,721 }. At 31 December 2023 th8 charity had total funds of £3,386.858 12022.. £3,380,745) cx>mprising general lunds of £109.852 12022.. £105,877), a revaluation reserve of £975,000 12022.. £975,000). designated funds 01 £325,709 12022: £304,173) and endowment lunds of £1.976.29712022.' £1,995,695), 11 is the policy of the Trustees that unreslricled funds which have not been deslgnated for a speofic use should be m8inlained al a level equiv81enl lo six months, expenditure amounting lo around £34.0000. The Trustees consider th81 general reserves al Ihis18vel v4111 ensure Ih81. in the event ol a slgnific8nl drop In funding. they will be able lo conlinue the charivs current aclivllies whllsl consi(ler81ion Is given lo ways In which 8ddlllonal funds may ralsed. Restrrves exceeded Ihls required lev81 dunng the year and the excess amount wlll btr reinvtrsled. Al the 8nd of Ihe year gera1 reseNes were £109,852 as shown In the Stsl8menl of Financial Actlvilles on page8 S- 6. The Trustees have as$8ssed thè major risks lo which Ihe charity is exposéd, in partlcular those related lo thè DratiOnS and finances of the Injsl, and are salisfied Ihal systems aro in placa lo miligale our exposure to th major risks. The Trustees have taken oul the appropriate Trustees, Insurance. With regard to stock market volatility. they have appoinled competent investment manager5 who are regulaled and have set the inveslmenl risk as "medium.. The Trust8es have compelenl prolessional advisors, all of whom carry professional negligence Insurance. The Clerk is a partner in a fim ol Charlered Accountants. who is likewise insured in this office through her firni's Wvor. Thg chority's bankor¥ arg $ubslonlial and are regulaled. Pl•n• for futur• porlod• Thg Tnjslegs inlgnd to keep untjgr conlSnual revSow the operallon$ ol the charity In order lo adapt lo Changes In the Investment markets and in the Breas ol nofjd for residents whilst being mindful of the original intentions ol t harily when this was established by Thom88 Hollls over 300 years ago. Structur•. go¥ernan¢• and manag•m•nt Hollis's Hosprtal w85 founded by Trust Deed in 1703 and is 8 register8(I charity govemet1 by the Trustees Acl 2000. 11 is operated in accordanco wilh a Stslemenl ol Agreement wlh the Ch8rily Commissioners daled 8 No¥embgr 1965 and 15 Novembar 1974. On 22 January 2007 th• Hollls's Hospilal trust w8$ amended under a r•8olulon made under Ihe Charilios Act 1993 seclion 7412llcl so that the Hollls Educ8llon81 F¢xJnd8Jon and The Joseph Frllh Chafity tocame desbnaled funds wilhin Hollis's Hospitsl charity. Thg charity 1$ a mgmber of ThfrAmshouse Associatw.
HOLLIS'S HOSPITAL TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 The Tfustees who have seNed during the year and since the year end are set out below.. Mr D N Shoesmith Ichalmianl Mrs M A Neill (Deputy Chairman) Mr W Moore Mrs A Wi9gins Mrs M E McHugh Mrs E Shoesmith Mrs J Codnnglon Mrs C Moore Mr J Robinson Mr N Codringlon The Board ol Trust89s consists of slx co-opled Trustges, flve of whom are lineal doscendant8 of Ihe foundor. Thomas Hollls. togglher with four nomlnal8d Truslees appointed by Sheffield Clly Councll. The C0p1d Truslees serve for a temi of three years. The rMInated Trustees serve for a lemi of three years. New Trustees Bre appointed from tsme to ts'me. Suitsble candidates are selected who have skills and work experience which compliment Iho$8 provided by existing TrLJslges. Trusloes are selecled by personal recommendation and they 8re Inlervlewed by a sub commllloe which makes recommendallons lo the lull Board ol Tw81ee8 for ils con81defalbn. Once selectetl. new Trustees meet wrth the sub cMMrttee lo be instructed on th8ir duties 8n(I re8kM)nsits'lib'es 8nd lo provKle any further Iraining deemed appfopfi8te. The tharily Is administered by a 8oard ol TrusleeB wilh day lo day mallers being administered by the Clerk. All decisions conceining inveslmenl ol resources and non recurrin9 expenditure are made by the full Boa of Tru51ee5. Th8 Clerk 18 a p8rtner In 8 firm of Charter8d AGcount8nls. The flrm ¢h8rges a fee for her servlce and for the seNiLxs of the firm whlch undertakes all of the secretari81 duties 8nd the prgparation of the annual accounts. Goln9 ¢onc•rn There are no maled81 uncertainbe8 In relation to going concem. Further detsils 81>)ul the adoptbn of the going concem bas18 8re glven In note 1.2. The TnJ8tees' reFQrt was approved by the Board of TfLislee8. D K) £lw4Mltk ' Trllyl"ICI. JiHVZWiZCL' r D N Shoesmilh Ichairmanl Trust8• Dale.. 1611a12024 GMT
HOLLIS'S HOSPITAL INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HOLLIS'S HOSPITAL I report lo the charity Iruslees on my examin8tion ol the acc4)unts of the charity for the year ended 31 December 2023 which are sel out on pages 5 10 20. Responslbllrtles and bas1¥ ol report As the charity's trusiees you are responsibl8 lor the preparation of the 8(£ounl8 in accordan with the requirements ol the Chadlies Act 2011. I report in respect ol my examination ol the ch8rity's accounts carried out under section 145 01 the Act and in carrying out my examination I have lollowed all the appllcable Directyons glven by the Charity Commlssion under section 14515llbl ol Ihe Act. Indopondont oxamlnefi *t•t•m•nt Your attention Is drawn to th8 fact Ihal the charfty has prgpored the accounts Sn accordance th Accountirvj an4 Reporting by Charilles '.Slatemenl ol Recommended Praclice appllcable lo charilios preparing Ihelr Bccounts in accordance with the Financial Reporting Standard applicable in tho UK and R8public ol Ireland IFRS 1021 in preference to the Accounting and Roporting by Charities.. Stgtament ol Recommendod Practice ssued on 1 April 25 which 18 referred to in the extant regulation$ but h8s been wlhdrawn. l uniJerslan(J thal this has been done in order for financlal slalemenls lo providg a true and lair view In accordance with Generally Accepled Accountsng Pracii'ce effecli¥e for reporting pgriods beginning on or aftgc 1 January 2019. I hav8 eomplel6d my examlnalkjn. I conflm th81 no malerlal matt8rs have com8 lo my attenllon In connection with the ex8minalion giving me cause lo believe that in any malenal respect., accounting records were not kept in respect ol Ihe charity 8s required by section 130 01 the Act,, or Ihe accounts do not a0 with thosg records: or the accounts do not comply with the applicable requirements concernlng the form and conlenl of accounts sel out in the Charilies (Accounts and Reports) Regulations 2008 other than any requirement that the account5 give a true and lair view which is nol a matter considered as part ol an independenl ex#min81ion. I have no concerns and have come across no other malters In connedon with Ihe examination lo whTrch Btlenlion should be drawn in this report in (xder lo enable a proper underslandiro of lh8 account8 lo be reached. SvJner ID.. CZYRUVFAHR. Nicola Adams ACA DChA BHP LLP 2 Rutland P8rk Sheffield S102PD Datgd.. 1W10r2024 GMT
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HOLLIS'S HOSPITAL BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 •• r•$tat•d Not•• Flx•d a8S•ts Tangible asSOt$ Inveslmenls 10 11 1,360,041 1.933.907 1,360,041 1.796,196 3,293.948 3,156,237 Curr•nt •#••t• Debtors C8$h al bank and In hand 13 5,421 103.065 5.366 232,942 108,486 238.308 crlIOrs., amounts lalllng du• wlthln on• y•ar 14 115,576) 113,8001 Nel current 8ssel$ 92.910 224,508 Total a••et• l••• curr•nt Ilabllrtl•• 3,386.858 3.380,745 Fund• Permanent 8ndowmenl Permanent endowmènt funds Revaluallon reserve 1.976,297 975,000 1,99S.695 975,000 16 2,951.297 2.970,695 Unr8slrtcled funds Designated lund$ Gèneral unreslri¢t8d lund$ 17 325.709 109.852 304,173 105,877 435.561 410,050 Total charlty fund• 19 3,386.858 3,380,745 1611CW4 GMT The financial statements were approved by the board of trustees and aulhorised for issuo on ..................... ... and Bre signed on ils behalf by.. Mr D N Shoésmilh (ChaSMnI Tru•t•• rs E Shoesmilh Tru•t••
HOLLIS'S HOSPITAL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng poll¢los Company information Hollis's Hospital was founded by Trust Deed in 1703 and is a reglslered ch8rity govemed by the Twstees Act 2000. 11 is oper8leiJ in accordance with a Statement of Agreement with the Charity Commissioners d81ed 8 November 1965 and 15 November 1974. On 22 January 2007 tre Hdlis'5 Hospital Ilusl was amended under a re501ution ma(Je under the Charrtie5 Act 1993 sectson 74 12llcl so that the Hollis Educational Foundation and Tha Joseph Frith Charity bècame deskJn81ed funds within Hollis's Hospitsl charity. The chadlyls a m8mb8r ol The Almshou88 A88ociallon. 1.1 Accountlng conventlon The financial slalemenls have beèn prtP8red In at£dance with th8 chadly's Sch8m8 of Arrangembnl, I Chanties Act 2011 and 'Accounting and Reporting by Charities.. Slalemenl ol Recommended Practice applicable to charities preparing Ihelr accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic of Irèland IFRS 1021 leffective 1 January 20191-. The charity is a Public 8enefrl Ents"ty as defined by FRS 102. The financial stalgmgnts aro prepafed in sterling, which is Ihe fvncts'on41 Curren of tho charity, Monetary amounts in those finonci91 $18temenls 8re Tounded ¢0 the noorgsl £. Tho 8ccounl8 have been prepared on the hislodcal cost convention, modlfie(J lo Include certain financial instrumonts al lair valuo. The principal a¢nb"n9 policl•s adopted are sol out belcm. 1.2 Golng conc•rn Al Ihe lime of approving the aceounls. the Iru51ees have a re8sonable expè¢tstion that th8 tharity ha8 adequate resources lo continue in operational existence lor the foreseeable lulure. Thus the Iruslees continue to 8dopl the 90ing eoncèm b8sIs of aetounling in preparing th8 accounts. 1.3 Charlt•bl• fund• Designated funds comprise funds which have been sel aside al (he discretion ol Ihe Iruslees lof specific purposes. The purposes and uses of the designated fund5 are sel out Jn the notes lo the financial stsltrmenls. Unrestricted funds comprise those funds which the Trustees are free lo use In acCranCe with the charitable objects. Pemianènt endowment funds comprise capital funds whi¢h cannot be spent bul the income arising Iherelrom is vnreslricled. The valLIall0n reserve repfesenls Ihe amounl by whlch Ihe land and buildings al Whirlow, whlch lomi part ol the permanent endowment lunds. was revalued on Iransilion lo FRS 102 as deiailgd in nol8 16. 1.4 Income Investment income is recognised when the charity is legalty entiljed lo il after any performance conditions have been mel, the amounts can be measured reliably, and il is probable that income will be received.
HOLLIS'S HOSPITAL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng pollcles IContlnu•dl 1.5 Expondltur• ExpenditUf8 1$ recognised once there is a legal or constructive oblSgation lo transfer econ¢)mSc benefll lo third paty, it is probable that a transfer of economic benefits 11 be required in s8tllemont, and the amounl of the 0Iga.0n can b8 moasur8d rellay. 1.6 Tanglble fix•d a8S9t8 Freehold land and building5 are not (ieprecialed because the building5 are maintained In a good condilion 50 that their value is not impaired by the passaoe ol knme and on this ba515 any depreciation would be immaterial. An annual impairment review is perfomed in accord8nce with FRS 102 10 ensure the carrying value Is not grealer Ih8n the recoverable amount. 1.7 Flx•d a••t Inv••tm•nts Fixed assel investments are Snili8lly measured al transaction price excludlng IransaclK)n costs, and afe subsequently measured at lair value al each reporting dale. Changes in lair value are rec(3nised in net inc>)mellexpendilurg1 for the ygor. TransaCn c>)sts are expgnsed as incurred. 1.8 C••h •nd ¢••h •qulv•l•nl• C•¥h and equivalents Indude ¢a$h in hand and dop¢yJils hold al call with Ihg tharitvs bank. 1.9 Flnanclal In•trum•nts The charity has elected lo apply the provisn$ ol Secllon 11 'Basic Flnanryal Instrumeni¥' and Seclbon 12 'Other Financial Inslwments Issues of FRS 102 to all ol ils financial inslrumenls. Flnancial inslruments are r8cognlsed in tho ba19n¢e sheet when lh8 charity bgrnmo8 paty to the ¢ontraclual provisions of tho Inslrumant. Financial 8ssels arKI liabilitses are offset, with the net gm¢)unl$ presenled in financial s18lements, wh•n Ihere is a legally enforceable rtght to sel off the recognised amounts and Ihergls 8n intention to sellle on o nel basis or lo rgalise the asset and settle thg liabilty simultaneously. 8a•l¢ flnanclal a•$•ts 88sic finanual assets, ¥thlch Include debtor5 and cash and b8nk b81ances, are inthally me8sured at transa¢lion price including transaction costs and are subsequently carried at amortised cost using the effective Inleresl melhod unless the arrangemenl conslilules a financing transaction, where the tr8nsactlon is measufed al the presonl value ol Ihe future receipts discounlod al a markel rale of inlerosl. Finanaal asset8 classlfied 88 recelvable thIn one year are not amortised. 8•81¢ flnanclèl Ilabllltl•i Basic Ilnancial liabililies, Including creditors are Inilially r8¢0gnlsed al transaction price unless the arrangement conslilule5 8 financing transaction, where the debt instrument is measured al the present value of the lulure CeiptS Oiscounled al a market rale of interest, Financial liabilities classrfied as payable wlhin one year 8re not 8mortised. Debt inslrumenls are subsequently carri8d al aMSed cost, uslng the effectiv8 Interest rale melhcé. Trade ttedilors a obligations to pay for goo(is or services that have been acquired in the or¢Jinary urSe of operations from supplie. Amounts p8y3ble a classified 8s current liabillties il payment Is due wlhin one ye8r Of less. 11 not. they are presented as non-currenl liabililies_ Trade creditors are recognised initially at transaclion price and subs8quenlly me88ured 81 amortised cost uslng the effective Inleresl methtsa.
HOLLIS'S HOSPITAL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Investment Incom• UnrMtrict•d Unr••tricted lunds funds g•n•ral d•8lgnat•d 2023 2023 Total Unrn•tricted Unr•strictod funds funds g•n•ral d•slgnat•d 2022 2022 Totsl 2023 2022 Income from listed inveslmgnts 88,609 3,692 92.301 87,493 3.646 91.139 Other In¢om• 2023 2022 Ground renls Other Income 17 529 2,370 2,370 546 R4l•lng fund• Unr••trlct•d Unr••trlct•d lund• lund• Totsl 2023 Totsl 2022 Advertising Inveslmenl manogemonl fee8 207 14,991 207 15,615 624 15.728 15,198 824 15,822 15.922 10-
HOLLIS'S HOSPITAL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Charftable actl¥lUes Costs of Gov•rn•n charltsble adivltles 2023 Tot•1 Cosls of Govemance charitable costs aclivities Total 2023 2023 2022 2022 2022 "ght and heal R8tes and water Repairs and rengwals Cleaning and sundries Garden General insurance Truslee indemnity insurancg Telephone Less.. Resi¢Yents' conlribulions Clet* lo Ihe Tru8le8s' fee Independent examinerfs foe Surveyor5' lees Bank charges Other chanl8ble expenditure 28.199 7.871 35,987 1,487 8,785 2.799 28.199 7,871 35,987 1.487 8.785 2,799 23.785 4,147 48.017 1.625 9.252 2,518 23.785 4,147 48,017 1.625 9.252 2,518 291 291 291 291 68 150.6701 150.670 6,390 1,944 7.874 145 149.260 49.2601 14.910 1,752 7.040 159 6.3 1,944 7.874 145 14,910 1,752 7.040 159 1CQ 34,817 16.453 51,270 40.443 23.861 64.304 Gr8nl funding of ac¢lvities Isee nol8 71 150 4.257 4.257 34.967 16.453 51.420 44.700 23.861 68.561 Analysls by fund Unrestricted lund$ . genaral Unrestricted funds - designated 34,817 16.453 51,270 40,443 23.861 64.304 150 150 4.257 4.257 34,967 16.453 51,420 44,700 23,861 68.561 Rfrallocation of grants lotslllng £4,IXIO from suryeyors fees. Tru•tw# None of Ihe truslee$ lor ony persons connected with them) e1ve any femuneration during the ye8r. No travel and meeting expenses were reimbursed ¢0 the Truslees12022 - nong). Indemnity Insur8nc8 of£29112022 - £291 I was paid on bahall of the Tnjslees. 11
HOLLIS'S HOSPITAL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Grants payablo 2023 2022 Grants lo inslilution5'. 4,000 Grants lo I1vIdual$l80e note 51 150 257 150 4,257 12-
HOLLIS'S HOSPITAL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Taxatlon The charity is considered lo pass the tests sel oul in Sch.6,para.1 01 the Finance Act 2010 and Iherefore it meets the definrtion of a charity for UK income tax purposes. Accordingly. the chanty is polents'ally exempt from laxalion in respecl of income or capital gains received within categorie5 covered by income or capit81 gains recelved within categories covered by Income Tax Act 2007, Part10 s521 s537 or 5256 of the Taxation of Chargeable Gains Acl 1992, lo Ihe extent Ihal such income or gains are applied exclusively to charitable purposes. 10 T•nglbl• flx•d •ss•ts Fr••hold prop•rtl•• Land and buildings al Whlrfow Wood and plantations Mis¢ellaneous ground renls Land adjacent lo 4 Whlnlell Cottages 1,350.000 5.000 41 5,000 At 1 January 2023 •nd at 31 D•c•mb•r 2023 1,360,041 Tho land and buildlngs 91 Whlrlow wofg volued on ¥ markol valuo basls. as al the dale ol Iransitth lo FRS 102, by FovAgr Sandlord, Chartorgd Surveyors. The value was £1,350,Crf)O. Tho charity's other prop8rti8s wgrg valuad on an open markgt basis by Maynords, Chartered SuTh8yor8 a$ at 31 December 1997. Tho hlslorical cost ol the propertie$15 £11.160. 14-
HOLLIS'S HOSPITAL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 11 Flx•d assot In¥ostm•nts Mov•m•nti in fix•d as•t inv••tm•nt 2023 2022 Mafkel value al l January 2023 Disposals at opening book value Acquisitions al cost Change in value in the year 1.788.921 187.1431 230,694 136,1531 1,946.682 1135.9541 143.914 1165,721 1,896,319 37,588 1,788.921 7.275 Cash held by investment advisors Mrk•t v•lu• at 31 D•¢•mb•r 2023 1,933,907 1,796.196 Investments al market value 2023 2022 Fixed inlere$l Equilles Cash hekl by Inve81menl advl8ors 504,957 1,391,362 37,588 355.556 1,433.365 7.275 1,933,907 1,796.1 There are no Investments which represent over 5% of the portfolio. Al investments are118180. Geographlcal analysis of Investments 2023 2022 Unllod Klngdom United Stalos Europe Other 1,044,866 210.726 106.681 534,246 1,019.544 183.135 60.347 525,895 1,896,319 37,588 1,788.921 7.275 Cash held by Investment advlsors 1,933,907 1,796,196 Historical cost 1,745,084 1,619,185 15-
HOLLIS'S HOSPITAL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 12 Flnanclal Instrum•nts 2023 2022 Carrying amount of financial a•sfrl• Debt instruments measured al amortised eosl Equity instruments m8asur8d al falr value through income ané expenditure 103,367 1,933.907 234.383 1,796.196 2,037,274 2,030.579 Carrylng amount of flnanclal Ilabllltl•s Measucod al am0.39 ¢osl 15,576 13.800 13 D•btor• 2023 2022 Amounts falllng duo wlthln on• y•ar: Oiher debtorB Prepayments and accrued income 302 5.119 1.441 3,925 5,421 5,368 14 Cr•dltorn- amount• f*llSng du• wlthln on• y•ar 2023 2022 Trade crediiors Accruals and def8rrgd income 5,050 10,526 3.708 10.092 15,576 13.800 18-
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HOLLIS'S HOSPITAL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 19 Relatod party transactlons There were no disclosae related party transactions during the year12022- none). Prlor perlod •dJustm•nt Ch•ng•i to th• balan •ho•t At 31 D•cemb•r 2022 A• pr•vlously Adlu•tm•nt r•port•d A• r•8t•t•d Capllal funds Endowment fund8 2,970,695 2,970,695 Income funds Designated lunds Unreslricled funds 308,173 101.877 14,0001 4,000 304,173 105.877 Totsl •qulty 3,380.745 3,380.745 Re-allocallon of grants frc4n 8urveyor8 lees. Th18 h88 no effect on the nel expenditure In the 818lemenl of fin8nci81 activitles.