Charlty Reglstration No. 227469 HOLLIS'S HOSPITAL TRUSTEES. REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024
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 O, Sulllvan FCA DChA BHP LLP b8rt Works Sidney Slreol Sheffield S14RG Banker• Nats"on81 Westmlnsler 8ank PIC City ol London ONIcg 1 Princes Sireet London EC2R 8BP Sollchors Kni9hls LLP Comm8rdal Hou88 14 Commercial Street Sheffield S12AT Investment advlsorn Ralhbones Beech Housè 61 Napier Slr•o1 Sheifield S11 8HA
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 2024 The truslees present their annual report and financial slalements for the year ended 31 Decmber 2024. The accounts hav8 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 2024 Flnan¢lal r•¥lew Total income and endowments for the year w8$ £97.286 12023., £94,6711.' 10101 expendllure wo$ £86.29512023.' £67,242): and Ihe nel gains on inveslm8nts wefe £19,26612023.' £21.316 n81 losses). This rgsult8d in not income for th8 y8ar of £30.25712023.. £6,113>. The realised gains on the sale$ of investments were £16,729 12023.. £14,837) while the unr88li$ed gains on nvestmenis held al Iho end ol Ihe year were £2,53712023.' £36,153 urbre8li8od losses l. At 31 December 2024 the charity had total fijnds of È3,417.115 12023.. £3.386,8581 comprising general lunds of £1CQ.028 12023.. £109,852), a revaluation reserve of £975,000 12023.. £975,000). designated funds 01 £348,451 12023: £325,709) and endowment lunds of £1.993.63612023.' £1,976,297), 11 is the policy of the Trustees that unreslricled funds which have not been deSnated for a speofic use should be m8inlained al a level equivalent lo six monlhs. 8xpendilur8 8mounling lo around £40,000. The Trustees consider th81 general reserv88 al Ihis18vel v4111 ensure th81. 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 £100.028 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 $ubslonlial and are regulaled. Pl•n• for futur• porlod• Thg Truslegs inlgnd to keep untjgr conlSnual revSow the operallon$ 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 Hospital w85 founded by Trust Deed in 1703 and is 8 registered charity govemed by the Trustees Acl 2000. 11 is opefatgd in accordance with 8 Statement ol Agreement with Ihe Ch8ri1y Commission daled 8 November 1965 and 15 November 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 2024 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 ol slx co-opted Tru81ee8, lour of whom are Ilneal descgndants of the founder. Thomas Hollis, 109Othef with four nominalet1 Trustees . The co-opted Trustees for a term of Ihree yeacs. The nominated Trustees s8ry8 lor a 18mi 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) £hoc•MIth Mr D N Shoesmilh Ichairmanl Trust8• Dale.. 2011012025 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 2024 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.. CULLXCAPA8 Nicola O'sulllvan FCA DChA BHP LLP Ajbert W¢yk$ Sidney Slregt Sheffield S1 4RG Dated.. 2111012025 GMT
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HOLLIS'S HOSPITAL BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Not•• Flx•d ••s•ts Tangible asse15 Inv6slmenls 11 12 1,360,041 2.032.288 1,360,041 1.933,907 3,392.329 3.293,948 Curr•nt ••••t• Debtors Cosh al bank and In hand 14 3,178 42.950 5,421 103.065 46,128 108.486 Cr•dllor•'. amounts lalllng du• wlthln on? y¢ar 15 121.342) 115,5761 Nel tu8n1 8ssel$ 24.788 92,910 Tot•1 •••et• l••• curr•nt llabl1rt 3.417.115 3,386,858 Fund• Permanent endowment Pemanenl endowment funds Revoluallon reserve 1,993,636 975.000 1,976.297 975,C(JO 17 2,968.638 2,951,297 Unrgstn'cled hjnds Designated lunds G8ner81 unrestricted lunds 18 348.451 1QO,028 325,709 109.852 448.479 435,561 Tot•1 charity fund• 19 3.417.115 3.386.858 20111J12025 GMT Th8 financial statements were approved by the board of trustees and aulhorised for issue on .. Bre signed on ils behalf by.. and D NJ £hthiith 6 £hofJffltith SVJNÈ'IJ'MRvixtr2zeL Mr D N Shoesmilh IChaSrmanl Tru•t•• rhBr ID E2WtKBLWA... N7rs E Shoesmilh Tru•t••
HOLLIS'S HOSPITAL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng poll¢los Company information Hollis's Hospital was founded by Trust Deed in 1703 and is a reglslered charity govemed by the Twstees Act 2000. 11 is operated in accordance with a St8lemnl ol Agreement with the Charity Commission dated 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 $18temenls 8re Tounded ¢0 the noorgsl £. Tho 8ccounl8 have been prepared on the hislodcal cost convention, modlfie(J lo Include certain financial instrumonts al lair valuo. The principal a¢nb"n9 policl•s adopted are sol out belcm. 1.2 Golng conc•rn Al Ihe lime of approving the aceounls, the Iru51ees have a re8sonable expè¢tstion that th8 tharity ha8 adequate resources lo continue in operational existence lor the foreseeable lulure. Thus the Iruslees continue to 8dopl the 90ing eoncèm b8sIs of aetounling in preparing th8 accounts. 1.3 Charlt•bl• fund• Designated funds comprise funds which have been sel aside al (he discretion ol Ihe Iruslees lof specific purposes. The purposes and uses of the designated fund5 are sel out Jn the notes lo the financial stsltrmenls. Unrestricted funds comprise those funds which the Trustees are free lo use In acCranCe with the charitable objects. Pemianènt endowment funds comprise capital funds whi¢h cannot be spent bul the income arising Iherelrom is vnreslricled. The valLIall0n reserve repfesenls Ihe amounl by whlch Ihe land and buildings al Whirlow, whlch lomi part ol the permanent endowment lunds. was revalued on Iransilion lo FRS 102 as deiailgd in nol8 17. 1.4 Income Investment income is recognised when the charity is legalty entiljed lo il after any performance conditions have been mel, the amounts can be measured reliably, and il is probable that income will be received.
HOLLIS'S HOSPITAL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollcles IContlnu•dl 1.5 Expondltur• ExpenditUf8 1$ 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 80 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 sub$8qu8nlly me88ure(181 amortised cost uslng the effective Inleresl methtsa.
HOLLIS'S HOSPITAL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Investment Incom• UnrMtrict•d Unr••tricted lunds funds g•n•ral d•8lgnat•d 2024 2024 Total Unrn•tricted Unr•strictod funds funds g•n•ral d•slgnat•d 2023 2023 Totsl 2024 2023 Income from listed inveslments Interest recolvablo 91.146 1,592 3,798 94,944 1,592 88,609 2,370 3.692 92.301 2.370 92,738 3,798 96.536 90,979 3,692 94.671 Oth•r Incom• 2024 2023 Ground renls 750 R4l•lng fund• Unr••trlct•d Unr••trlct•d lund• lund• g•n•ral d••lgnat•d Totsl 2024 Totsl 2023 Advertising Investment management fees 237 15,983 237 16,641 207 15.615 658 16,220 658 16,878 15.822 10-
HOLLIS'S HOSPITAL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Charftable actl¥lUes Costs of Gov•rn•n charltsble adivltles 2024 Tot•1 Cosls of Govemance charitable costs aclivities Total 2024 2024 2023 2023 2023 "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 41.214 11,591 30,346 1,766 3,197 2.932 41.214 11,591 30.346 1.766 3.197 2,932 28.199 7,871 35.987 1.487 8.785 2,799 28.199 7,871 35.987 1.487 8.785 2,799 291 291 291 291 68 146,472 146.472 12,780 2,022 6.552 150.670 $0.6701 6.390 12.780 2.022 6.552 6,390 7.874 145 7,874 145 100 loo 44,933 21,484 66,417 34.817 16.453 51.270 Gr8nl funding of ac¢lvities Isee note 81 3,000 150 47.933 21.484 69.417 34.967 16.453 51.420 Analysls by fund Unrestricted lund$ . genaral Unrestricted funds - designated 44,933 21,484 66,417 34,817 16,453 51.270 3,000 150 150 47,933 21,484 69,417 34,967 16,453 51.420 Net movemen¢ ID funds 2024 2023 The nel movemenl in funds is staled after chargingllcrediling}'. Fees payaNe for tho independent examinakn'on of the charity's financial slalements 2.022 11
HOLLIS'S HOSPITAL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Trustees None of ihe trustees lor any persons connected wilh them) received any remuneralion during the year. No travel and meeting expenses were reimbursed lo the Truslees12023 - n¢)ne). Indemnity Insuranc8 01 £29112023 - £2911 was paid on b8half of the Trustees. Grants pay•bl• 2024 2023 Gronl$ lo ir)stitutions'. The Archer project Baby Baslcs Yorf(shire Children's charty 500 500 2,000 3,000 Gr8nls lo1rn11viduals 150 3.000 150 12-
HOLLIS'S HOSPITAL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 10 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. 11 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 2024 •nd at 31 D•c•mb•r 2024 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$15 £11.160. 14-
HOLLIS'S HOSPITAL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 12 Flx•d assot In¥ostm•nts Mov•m•nti in fix•d as•t inv••tm•nt 2024 2023 Mafkel value al l January 2024 Disposals at opening book value Acquisitions al cost Change in value in the year 1.898.319 {362.0541 471,790 2,537 1,788,921 87.143 230.694 136,153 2,008,592 23,696 1,896.319 37.588 Cash held by investment advisors Mrk•t v•lu• at 31 D•¢•mb•r 2024 2,032,288 1,933.907 Investments al market value 2024 2023 Fixed inlere$l Equilles Cash hekl by Inve81menl advl8ors 508,409 1,500,183 23,696 504.957 1,391.362 37.588 2,032,288 1,933.907 There are no Investments which represent over 5% of the portfolio. Al investments are118180. Geographlcal analysis of Investments 2024 2023 Unllod Klngdom United Stalos Europe Other 1,022,874 349.857 144.689 491,172 1,044.668 210.726 106.681 534.246 2,OOB,592 23,696 1,896.319 37,588 Cash held by Investment advlsors 2,032,288 1,933,907 Historical cost 1,854,463 1,745,084 15-
HOLLIS'S HOSPITAL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 13 Flnanclal Instrum•nts 2024 2023 Carrying amount of financial a•sfrl• Debt instruments measured al amortised eosl Equity instruments m8asur8d al falr value through income ané expenditure 42,950 2,032.288 103.367 1,933.907 2,075,238 2,037.274 Carrylng amount of flnanclal Ilabllltl•s Measucod al am0.39 ¢osl 21,342 15.576 14 D•btor• 2024 2023 Amounts falllng duo wlthln on• y•ar: Oiher debtorB Prepayments and accrued income 302 5,119 3,178 3,178 5,421 15 Cr•dltorn- amount• f*llSng du• wlthln on• y•ar 2024 2023 Trade crediiors Accruals and def8rrgd income 6,408 14,934 s.oso 10.528 21,342 15.576 Induded in 8ecruals and deferred income ig deferred Ineome of £2,C¥J8 relating lo residents ContrUl10ft$ paid In advancè1202> nlll. 18-
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HOLLIS'S HOSPITAL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 20 Relatod party transactlons There were no disclosae related party transactions during the year12023- none).