REGISTERED CHARrrY NUMBEK. 229942
Report of th¢ Trustees and
Financial Statements for th• Y•ar Erbded 31 Decem￿r 2024
Th• Hospital of Klng James in Gat¢shtad
InsFire Compllan¢e Limited
Chartered Accountants
Registered Auditors
6 Queens Cour¢
Thlrd Avenue
Team V￿leY
Gateshead
Tyne and Wear
NEI I08U

Thè Hospital of King James in Gateshead
Contents of the Financial Statsments
for the Year Endtd 31 December 2024
Report of the Tru$¢ees
Report of the Independen¢ Auditoys
Statement of Financial Activities
Balanct Sheet
Note5 to the Financial Stat•m•rtS
Detailed Statsmert of Flnanclal Artlviti¢5
21 to 22

The Hospitsl of kng James in Gateshead
Report of th• Trustèes
for the Ytar Ended 31 December 2024
The trustees presenr their repor¢ wtth the financial sfatemenrs of the chariy (or the year ended 31 Dece[￿er 2024.
The tnjstees have aijopted the provisions of Accounting and Reporung by Chariue5.' Sotement of Retommended
Prattice aP￿iCable tg charitie5 preparing their accounts in accordance with the Financial Reportyng Standard applicable
in thÈ UK and Republic of Ireland (FRS 102) (effective l January 20191-
OBJECTIVES AND ACTIVITIES
Objectives and aim5
The charlry's maln oblertjve is the prowslon of accommodadon to disadvantaged people in the Gaoshead area.
administers the runThin8 of 31 accommodation units and own5 a portfolio of residenti￿ properries. The committee of
the trustee5 meet reguLAt4y ¢0 consider ￿1 rro¢¢er5 regarding the running of the tharity.
How we benefit the publlc
As an amshouse. the charity exists to provide accommo&tJon for those who are elderty or dlsadvantaged In the
GI￿head are& Key to achiewng this 1$ prowding a $￿e and caring en￿ronment for those who live at the hospltal.
The full time warden. who lives on si￿. ensures the wellbeing of all resident5. Re8ular social event$ and aaiviues are
held lor the enjoyment of the residents.
ACHIEVEMENTS AND PERFORMANCE
Charitable artivitie*
lTrcoming resources for the year totalled £320.199 {2023:£284,5711. whlch included Investment Incoff* of £15 Im9
12023.'£133.7131 and Inte￿$t recefjved of £&232 (2023 £1,112). Income from the Hospitsl irseff amounred to
£161,97812023-£149,416}.
The charity recorded a surplus of £77.99912023:£75.799} for rhe year. This includes net recwised losses of £1,735
{2023¥dins £14,195) in re5pett of change5 in the ¥alue5 of propertie5 and investments.
The tnJstees consider the charttls finaftci￿ performance to be 5ttisfactory. Investments rnade by the thartty are held
In aecordance with the (rustees. powers.
FINANCIAL REVIEW
Reserves policy
The Chariry aim5 to hold liqvid reseffts equIV￿ent to at least three months of expendiDJr&
The resetves of the charity tota[1￿ a773.287 {2023..£2.695.2881 ar the en¢J of the year. of which £2,773.287
12023:£I45&0231 were unrestricted and none were restricted 12023..£237,2651 .In April 2024, the Charity
Commission allowed the Recoupment Fund. set up to recover the Almshouse knildlng cost In 1974 and whith had
long achieved its investm￿¢ targeL to be rel￿sed for general purposes.
£9,001 15 Invested for the Extraordinary Re￿ir (vnd to be used for major re￿r5, improvement or rebull¢thn&
81296 in Investmen￿ represen(ing the general fund. These fijnds a￿ used to hold unrewtcted reseryes w be used
in the Keneral running of the dxriry.

The Hoswtal of Klng Jam•s in Gat•shead
Report of the Trnstees
for the Year Ended 31 December 2024
FUTURE PLANS
Many of the units In the almshouse have now refurbished. arsd while the building will be kept in good repair, r
subsuntive improvements will be rnde while our development plan is under vlay. Negotlauons with a Rebstwed
Provider to purchase the Recreatyon Ground conrinued throughout the year and were successfully concluded in 2025.
We contlnue to yepare plans to refvrbish our curren¢ buildin8 by removing the asbestos and upwading the ene
ratin&
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governin8 document
The chariiy w&$ formed in or around the year 1245 and is con5titvted by various governing documents over the pr5.
Including a Royal Charter of 1611. Att of Padiament of 1811 and its current governing documenL a charity scheme
of 1970. a resolution of 5 Ottober 2023 and a lettw from the Ch¥ky Commission dattd 12 Aprll 2024_ It is a
Stered Charity, number 229942.
Recruitm•nt and appointment of new trustee5
The sole trustee ol the ChJrrty is King james Almshou$e& a Charitable Incorporated Or8anisation. rey5tered tharity
mber 1198062. KingJame5 Amshtatses holds no assets.
Or8ani$ational structure
The charity is run on a day to day basis by the Maxer of the charl¢y and the Warden. The Tru5*es of the parent
Charity meet at least (our time5 3 year. and more regularly a$ necessary ro deal with Strdtegic matters and to
authorise expendtture. Detisions can be made using dectronic communicatron.
Estate Mana8emÈnt
Estate management services to the Hospital of King James are provfjded by Sarah Maln$ PropLYry Consultanrs. wl
undertake the day to day managwnent of the Ptlyd￿ residential portfollo of behalf of the charity. This indudes but 15
not limited to dealiThg with all tsnant enquiries rent cojlectyon and propwty issues such as statutory testmg.
REFERENCE AND ADMINISTrATIVE DETAILS
Registered Charity number
229942
Principal addre
Sunderland Road
Gateshead
Tyne and Wear
NE8 3EY
Trnrt8os
The Trustee of the Charrty is Kingjaffles Almshouse

The Hojwtal of KSn8 jam￿ In Gateshead
Report of the Trustees
lor the Year Ended 31 December 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Audltorn
Inspire Compliance Limited
Chartered AccouiKants
RewsTrred Auditors
6 Qutrn5 Cour¢
TNrd Avenue
Team Valley
Gateshead
Tyne and Wear
NEI I OBU
Solicltors
Muckle LLP
32 Gallowgate
Newcastle upon Tyme
NEI 48F
Adviso
Bankers
Lloyd5 Bank
102 Grey Street
NeWcaS￿e Up¢M Tyne
NE99 ISL
Property Agents
Sarah Main5 Propery Cor55ultants
4 Beaconsfield Road
Low Fell
Gateshead
NE9 SEU
STATEMETrTh OF TRUSTEES. RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with
applicable law and Uni¢ed Kingdgm Accounting Standards (Unlted Klngdom Generdlly Acceptrd Accovnting Prydcti￿).
The law applicabte to charbiies in England and Wales, the Charitles Art 2011. Charity {Accounts and Reports)
Regulatyon$ 2C4)8 and the Pro￿￿0nS of the t￿5¢ deed requwes Ihe trusrees to prepare financlal Sta￿men￿ for exh
financ￿1 year which pve a tnje and lair View of the 5rate of a￿r$ of the charity and of the incoming resources and
appllcation of resouree& induding the income and expendttur< of the charity for that Feriod. In prtparing those
financRI 5tatemtns the trUs￿e$ are required to
sdect sulrable accounrlng polides and then a￿lY them consistendr.
observe the method5 and principles in the Charity SORP,
make jud8ement5 and estimate5 that are reasonable and prudent"
Pre￿re the financial ststements on the going concern bxsls unless it 1$ inappropriate to presuN* thAt rhe chari
wlll continue in business.

The Hospital of Kins James in GateS1￿d
Rem ofthe Trustees
for the Year Ended 31 December 2024
sTATEMETr￿ OF TRUSTEES. RESPONSIBILITIES - tontinued
The trustees are responsible for keeping proper accounting records whith drsdose with reasonable accuracy at arv
time the financial ptssition of the cha￿tY and to enable them to ensure that the firrdnclal Statem￿1$ comply with the
Charities Act 201 l. the Charity (Accounts and Reports) Reguliuon$ 2(K)8 and the pro¥A￿On$ of the trust deed. Thèy
are a150 responsible for safeguarding the assets of the charity and hence for taking reasonable stsps for the prevention
and detettion of fraud and other irreguFariile&
Approved by order of the board of trustees on 28 October 2025 and sgned on it5 behalf br.
AJam25. Trustee

Report of the Ind•p•nd¢rf Auditors to th¢ Trustees of
The Hospital of Kin8 James in Gateshead
Opinlon
We have atsdiced the sr2￿MentS of The Hospital of Kingjames in Ga￿Sh*ad (the 'charity'i for the year ended
31 Decethr 2024 whlch tomprise the scatem￿t of Financial ACtI￿rIeS the Balance Sheet and notes to the finanoal
statements. including a summary of sigTrtficant accounting policies. The financSal reporring fraffework that has been
applied in their preparation 15 3pplicable law and United Kingdom Accounting stsnd￿dS {Untted Kingdom Generalty
Accepted Accounting Prattitè).
In our opinion the finan0￿ staoment&'
give a true and falr wew of the state of ¢he charitls affairs o at 31 December 2024 and of its incorning reS0￿r￿S
and application of resources, for the year then ended,.
have been properly prepared in accordance with Unitrd Kingdom Generally A¢cepted Accountlng Prathce., and
have ￿en prepared 41 accordance the requirements ofthe Charklès Att 2011.
Basis for opinion
We con(kncted our aud￿ In accordance wlth Internatsonal Srandards on Auditing (UK) {ISAs IUKII and applicable law.
Our responsibilities under those srandards are further described in the Auditors, responsibilities for the autjit of the
financial statements section of our reporL We are Indep¢ndent of the charity in accordance with the ethical
requlrernents that are relevant to our audit of the financial statements the UK Including the FRC'S Ethical Standard.
and we have fulfilled other ethi(al respOnsi￿.11tieS in accordance with these requirements. We bdieve that the
a￿￿rt ewider￿ we have obtalned Is suffitrent and appropriate to provide a bals for our oplnlon.
Conclusions relating to going concern
In auditing the financial statements. we have conduded that the trustees. use of the going concern basis of accounting
in the preparation of the financial statements is appropriate.
Based on the Yffjrk we have wfornied. we have not identffied any material uncertainties relavng to events or
condltlons tha¢ Individu￿lY or collectively. may cast signffitant doubt on the tharity's ability ro continue a5 1 going
concern for a pertod of ai least tyrfdve months frorn when the financial $ta*rn￿ts are authorised for r5sue.
Our responsibilities and the respon5ibilitie5 of the trustees respect to going concern are descrlbed in the
releyant sections of this repc*L
Other Information
The trustees are respgnsible for the other Inf￿rnadOn. The other Infr>rnYdtSon comprises the Information included in
the Annual ReporL other than the financ41 Sta￿ments and our Report of the Independent Avdlcors thereon.
Jr oplnion on the financial staternents does not cover the othw infornution and. except ¢0 the extent otherwise
expjicidy stated In our report we do not express any form of assurance conclusion thereon.
In connection with our audlt of the finantia $¢atsMen￿ our responsibiltty is io read the other informatis)n and. in
doing 50, consider whether the other inf0rn7atlon 5$ nllorHlly Inconsis*nt Trmth the financ1￿ staternents or our
knowledge obtained in the autht or othernyise appears to be materialy misstated. If we identify such mareri
Inconsis¢eTroes or apparent m2ortal misstatements, WÈ are requirèd to determSne whether thi5 gives rise to a mawial
misstatement in the firwicial St￿ments them5elve& If, based on the work wè have perfornwt, we conclude that
there 15 a material mSssLatement of thls other Inf0rrrAtiO￿ we are requlred to report that frAcL We have nothlng to
report in this regard.

Report of the Independent Aythtors to the Trustees of
The Hospitsl of King James in Gateshead
Matters on which w• arn requlred to report by exception
We have nothing ¢0 report in respett of the followtng matters where the Charityes (Accounts and Reports)
Regulatty)ns 2008 requlres us to report to you if. in our opinion:
the information yven in the Report of the Trustees is inconsistent in any rrAterial respect with the finanti
statements: or
sufficient accounting records have not been kepL or
the financial statements are noc In agreement vlth the accoun￿nI records and rewrns: or
w¢ have not recwved all the inforrnatlon and eX￿ana￿on$ we require for our atyJrL
R•ipon$ibilitigs of trust••s
A5 explwned more ￿llY in the Statement of Tru5*es' Responsibilities. the trustee5 are re5POn5ible for the prepa¥atyon
of the finaneial statemenu which ¥ve a true and fair view. and for such in￿rnal eofttrol as the tru$tee$ determine is
necessary to enable the preparation of finantial statements that are free from material rni5StatemenL whether due to
fraud or etTOr.
In preparing the financial statemen(s. the t￿$￿$ are ￿PonSible for assessing the ch&iLy'S abfjliEy ro conunue as a
going concern, di5closin& as applicable, matters related to going concern 2nd using the going concern basis of
ccounting unless ¢he trustees ather intsnd to liquidate the charity or to Cew operdtions. or have no realistic
alternauve but to do s
Our responsibilities for the audit of the ffinancI￿ statemen¢$
We have been apwinted as audI￿r5 under Secdon 144 of the Charlties Aa 2011 and report In accordance with the
ALt and relev3nt regulation5 made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a Who￿ are free frorn
ma￿rIal rrisstatrmenL whether due to frdud or error, and to Sssue a Report of the Independenr Audmrs that
indude5 our opinion. Reasonable assuran￿ 15 1 h¥h level of as5ufdnce. trxFt is a war2ntee that an audit
condutted in accordance with ISAS IUKI wll always de*tt a ma*rial n￿$S¢￿tement when it exists. Misstatements can
arise froffl frdud or error and are considered MI￿rial if, individually or in the a￿ega￿. they could reasonably be
expected to influence the economic decisions of user5 taken on the basis of these ffinancial staternent
The extent to whith our wocedures are capable of detecting irregularitye& induding fraud is detailed below..
Based on our knowledge of the charity, we identTrled that the princip31 risk5 01 non complTrance woth law5 and
regulations related to non-wmpliance with the charl￿e5 A(¢ 2011 and we considered what effett non compliance
may have a matrrial effert on the financr41 statsmen
We e¥aluated management's incentives and opportunities to carry out fraudulent nmnlpulation of the financial
statements and ￿e￿m)Ined thai the prlncipal rlsk was the reductbn kn ￿nt￿ Inco￿ being recdved.
- Audit PrO￿d￿re5 carr& out by the engagement team incltyjed:
- Anatyucal review of rents received Comparing toTal income w po$$ible potential income.
- Review of individual tyan5acoons for a sample of propertie>
A further des01p￿0￿ of our resp0nslbi1￿￿ for the audit of the finarKlal state￿Trts ts located on the Financial
Repordng Council'5 website at www.frc.or&ukJauditorsrespon5ibih'ties. This description forms part of our Report of
the Indewdent Auditors.

Report of the Independent Audittrs to the T￿Stee5 of
The HospiLIl of Kin8 James in Gateshead
Usè of our report
This report rs made solely to the charity's trustees. as a body, in accordance with Part 4 of the Charities {Accounts
and Reports) Regulations 2008. Our audit Y￿rk has been undertaken $0 that we nw8ht state to the charity'5 trustees
those matters we ar¢ regJired to sute to them in an auditOW5' report and for no other purpose. To the fijllest extent
permitted by law. we do not accept or aSSuff￿ responsibility to any¢)ne other than the charity and the charl￿$
trustees as a body. for our audit wort for thi5 repor( or for the otAnion5 we haye formed.
In?Pl4￿ C&n*i ,
Inspire Com￿lanCe Limi*d
Chartered Ac¢ountant5
Rwstered Auditors
6 Queen5 Court
Third Avenue
Team Valley
Gateshead
Tyne and Wear
NEI I OBU
28 October 2025

The Hospital of King James in Gateshead
Statement of Frnancial Artivitieg
for the Year Ended 31 December 2024
31.12.24
31.12.23
Totsl
fund5
Unrestrictéd Reswtted
(unds
lund5
fiJnd5
Note5
INCOME AND ENDOWMENT5 FROM
Donations and legacie$
250
Charitable activitie5
Almshouses
161,978
161,978
149.416
InvesDnént rncorne
Other income
14&210
6.232
3.679
151.889
&232
133,793
316320
3,679
320.199
284.571
EXPENDtruRE ON
Ral$irtg funds
7&194
7&194
59.820
Charitable act6vitl•s
Alm5house5
164.271
164.271
163.147
240.465
240,465
222,967
Net gain51{105se510Th in¥e5tments
968
1,233
1,735
14,195
NET INCOME
Transfers between funds
73.087
242.177
4.912
42,171
75.799
15
Ntt m*)vement In funds
315.264
(237.2651
77.999
75.799
RECONCILIATION OF FUNDS
Totsf funds brought forward
145&023
237.265
2,695.288
1619.489
TOTAL FUNDS CARRIED FORWARD
1773.287
1773.287
1695.288
The note5 forni part ofthese Ilnanclal sTa￿Ments

The Hospital of King James in Gatssh•ad
Balance Sheet
31 Décémbèr 2024
31.12.24
Total
funds
31.1123
Total
fijnds
unrestric￿ Resrricted
funds
lunds
Notes
FIXED ASSErs
Tan&ble assets
Investments
Investments
Investment propErty
10
99.654
99.654
101.347
582.296
1.764,539
582.296
1.764,539
575.991
1.764.539
2.44&489
1446.489
1441.877
CURRENT ASSETS
Debtor5
Cash a¢ bank and in hand
13
&342
340,666
8.342
340.666
21.549
263.624
349,CQ8
349.CK)8
285,173
CREDITORS
AnKJunts falling due wthin one year
14
{22.210)
(21210}
(31,762
NET CURRENT ASSETS
326,798
326.798
253.411
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,773,287
1773.287
1695.288
NET ASSETS
1773,287
2,773.287
1695.288
FUNDS
Unresrrirted (unds
Restritted fund5
1773.287
2.45&023
237,265
TOTAL FUNDS
2.773.287
1695.288
The ffinanci￿ staTrment5 were approved by the Board of Trustees and authorised for iuue On 28 Octc4)er 2025 and
were s•￿ed on its behalf by.
Ajames - Trustee
The notes form pfft ofthese fin4nd￿ $taoments

The Hoswtal of Kin8 James in Gateshead
Notes to the Financial Statements
for the Year Ended 31 December 2024
STATEMENT OF COMPUANCE
Hospital of Kin8 James 15 an unincorporated charity with rwstered charity number. 229942. The rewstered
office 15 based at 48 Cedarway. Gateshead Tyme and We¥, NE10 8LD.
ACCOUNTING POLICIES
Basis of preparing the financial statements
The finanoal statements of the charity. which is a public benefit entity under FRS IOZ haye be￿ prepared in
aecordance with the Chariries SORP {FRS 102) 'AccouThtyng and Repor￿Thg by Charitiessotement of
Recommended Prdctiee applicable to charities preparing their accoLJnts in accordance with the financial
Reporting Stsndard 102 The Financial Reporting Standard applicable In the UK and Republic of Ireland, and the
Charitie5 Act 2011. The finani?al 5tatemen¢s have been prepared under the h15torKal c05t conventlon with the
exception of Investsnents which ¥e induded in market value.
The finanti￿ statèments have been prepared on a going concern basis ¢Jn the grouThJ5 that current and future
sources of fundrng or support will be rrw)re than adequate for the chari￿$ needs. The Trustees have
consldered a period of 12 months from ¢he balan￿ sheet date and consider further di5c105ure relating to
the charity's a￿lIty to continue a$ a golng concern need to be made.
Hospkal of King james meets the definition of a public benefit entity under FRS 102. Assets and lia&'lities are
inmally recO￿lsed at hi5torid cos¢ or transaction Ydlue unless other%*ise stated in the relevant accoLwTrting
poticy notels).
The financial accounts are prepared in S*rling (£1.
Significant ￿tiMate$ and judgements
The prepardtion of the financial statements requSres the Trustees to trAke judgements and estsmat¢s. The main
areas where such judgements and esumaw are made are in respett of recogniticfi of income.
The charity has applied the following accounting policSe5:
Finan¢ial reporting Standard 102 - reduced disclosure eXempti￿S
The charity ha5 taken advantage of the following disclosure exernption in preparfng these ffinantial stttement&
as pem)itted by FKS 102 The Rnancial Reportyng Standard applicable In the UK and Republic of Ireland.:
the requiremtnt5 01 Secuon 7 Statement of Cash Rows.
Intome
All Income is ￿cOgniSed In the Staternent of Financial Activities once the charity has entétlemenr to the funds.
it 1$ prob3ble that the IncorT￿ will be received and the amount can be measured reliably.
Expenditure
Liabiliues a￿ recognlsed as expenditurè as 5QQTr a5 there is a legal or construciive obligdtion committing the
tharity to that expeTrditu￿ it is probable thar a transfer of economic benefits w411 be requirtd in 5etdem¢n¢
and the iT￿￿nt of the obligatyon on be measured rellably. E¥penditure Is accounted for on an accruas ba515
and ha$ been classthed under headlngs that aggregatr all cost related to the category. Where costs canno¢ be
direcdy attributed to particular headin85 they have been allocated to athYiDe$ on a basis Consis￿nt with the
Use of resources.
P￿10
continued..

The Hospitsl of King James in Gat•sh•ad
Notes to the Financial Statements - continu¢d
for the Year Endtd 31 December 2024
ACCOUNTING POUCIES - ¢ontinued
Tanglble fixed assets
Depreclarion Is prO￿ded at the following annual ra￿S In order to Wri￿ off each asset over its estimated useful
Hospkal
2% on cost
Investmtnt propèrty
InvestmenE properties are Yalued on a cu￿ent market value basis as valued ￿ a firm of Chartered Surveyors in
2014.
Taxation
The charlty 15 exernpt from tax on its charitak4e attiyities.
FUMI accounting
Generdl fund5 are unrestrfrted funds whlch arè availablè for use at the discretlon of the trustees in lurtherance
of the general objectyves of the and which have Thor been des1￿*[ed for other purposes.
Re$uitted funds are Mnds which are to be vs•d in accordance with the spedfic restrlctions imposed by donors
or which have been r&sed by the charity for Pdrticular purposeL The cost of raising and adnNni$tering such
fvnd$ are charged ￿1￿$¢ the specifK fund. The aim and use of eath restrirted fijnd is Set out in the note to the
finaTrcAI accounts.
P¢nsron c05ts arHI other post-re¢iremert benefits
The charity operates a defined tontribution pension sche￿￿ Contribution5 P3y7ble to the charity's pension
scheme are charged to the Ststement of Financial Activities in the wlod to which they ￿LIte.
Investments
Investments are sta￿￿ in the Balance Sheet at nBrket value.
Trade debtor5
Trade debtors are reco&mised at the settlement amount due after any trade discount offered.
Prepayments are valued at the amount wald after oking atcoun¢ of any trade discounts due.
Cash at bank and in hand
Cash ac bank and cash in hand include5 cash and Short term h￿hlY liquid investments wtth ? short maturlty of
three months or less from the date of acqutsition or opening of the deposir or Similar account.
Creditors and provi8lons
Creditor5 an¢J provision5 are reco8nised where the charfty has a present obllgadon resulting from a past event
that wlll probably resuk in the transfer of fvnds to a third parcy and the amount due co settle the obligation
can be meastsres or eS￿MI￿d reliably. Credlror$ and provisions are nornthlty recognised at their srtdefftènt
amount after all¢)wing for any tradt diseeunts due.
continued..

The Hospital of King James in Gat•sh•ad
Notes to the Flnanclal Statements - continued
for the Yw Ended 31 December 2024
INVESTMENT INCOME
31.1124
31.1123
Rents receNed
Di￿dendS reCeI￿d
143.849
127.290
503
151.889
133.793
INCOME FROM CHARrfABLE ACTIVITIES
31.1124
31.1123
Total
attivicle$
Almshg115¢S
Hospiul income
161,978
149.416
RAISING FUNDS
Raising donations and le8acles
31.IZ24
31.12.23
Insurance
Sundrie5
Management fees
Repairs
Professional fèes
9.938
54
17.542
4&660
6.227
667
1&551
23.183
10.542
74194
59,170
SUPPORT COSTS
Information
tethnology
Management
Property
hJmshousÈs
49,061
90,393
1918
Page 12
continued...

Th¢ Hospital of King James In Gat•5head
Notes to the Financial Statements - corrtinued
for the Year Ended 310ecember 2024
SUPPORT COSTS - contlnued
Hun
Other
Totals
Almshouses
5.898
160,131
support costs, included In the abov4 ￿ a5 follows:
Management
31.12.24
31.1223
Tot21
atU￿rIeS
Almshouses
Cleaner and cleanlng material
Warflen
Pènsion5
Profession￿ fees
10,416
37.912
733
9.933
31.359
650
7.1(N)
49.061
49.042
Property
31.1124
31.1223
Total
activitie$
Almshouses
Ratss and watsr
Insurante
ght and heat
Community Care alarm
Equipment and rep￿r5
Depreciation freehold propwty
Depredarlon of ta￿ble fixed a55ets
212
4,O¢J)
43.214
10.060
21596
3.885
426
5.037
4.000
34.7(A
10,059
31147
1870
98
90.393
8&975
Page 13
Continued...

The Hospitsl of l(in8 Jam￿ in Gateshtad
Notes to the Financial Statements - continued
for the Year Ended 31 December 2024
SUPPORT COSTS- continued
InfornM¢ion technology
31.12.24
31.1123
Total
Alm$house5
Tdephone and broadband
Postage and stationery
bscriptions
1.615
106
95
2.918
1169
Other
31.12.24
31.1123
Total
Almshouses
Sundr
5.898
4.524
TRUSTEES. REMUNERATION AND BENEFITS
Trwtee remunerdtion amounced of £l,SCKI12023.' £3.OWI. This remuneration is a sdpen¢J paid to the Master
in *cOrdan￿ with the charity's ¢ru5¢ deed.
Trust••s' •xp•ns•s
There were no trustses, eynsos for the year ended 31 December 2024 nor for the year ended
31 Detember 2023.
STAFF COSTS
2024
2023
Cleaner
Warden and adminlstrator
10.541
39.253
9,933
31C*)9
49.794
42,942
The average rrf*nthty number of errployees during the year was as follows..
31.1124
31.1123
Cleaner
Warden
Administrator
Pw14
convnued..

The H05Pital of King Jam05 in Gateshead
Note5 ¢0 the Financial Statements- continued
for the Year Ended 310ecember 2024
STAFF COSTS- tontinued
No employees re￿Ived emoluments in excess of £60.(I)O.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
Resthrted
funds
Total
funds
INCOME AND ENDOWMENTS FROM
Donations antj le8acies
250
Charitable acdvltles
Alm5house5
149,416
149.416
Inve$tmenc incott
Other income
129,537
4.256
133.793
Total
280,315
4,256
284571
EXPENDITURE ON
Raising fvnd5
59,820
59.820
Char5table artlvkie5
Alm5house5
163.147
163.147
Total
222.967
222.967
Nec gains on invesonents
1989
14.195
NET INCOME
6%554
7.245
75.799
RECONCILIATION OF FUNDS
Total funds broutht forward
2.389.469
230.020
2.619,489
TOTAL FUND5 CARRIED FORWARD
2,45&023
237.265
2.695,288
Page 15
conufiued...

The Hospital of King James in Gateshead
Notes to the Financial Statements - continu•d
for the Yèar Ended 31 Dècèmber 2024
10. TANGIBLE FIXED ASSETS
xwres
and
fittin8S
Computer
equipment
Hospit
Tottls
COST
At I january 2024
Adithtyons
194.260
426
220
194.686
1618
2.398
At 31 December 2024
194.260
1398
197,304
DEPRECIATION
At I ￿nUary 2024
Charge for y￿r
93.241
3.885
93.339
319
107
At 31 December 2024
97.126
319
205
97.650
NET BOOK VALUE
At 31 December 2024
97.134
1079
At 31 December 2023
101,019
328
101,347
FIXED ASSET INVESTMENTS
Lis*d
inve5tment5
MARKET VALUE
At I lanvary 2024
Funds invested
Rw&1￿110n9
575,991
8.040
1.735
At 31 Decen*Jer 2024
582.296
NET BOOK VALUE
At 31 tkcernber 2024
582.296
A¢ 31 December 2023
575,991
InVestm￿ts are held in common investment funds and equitres. There were no investment assets outside the
UK.
Pag• 16
continued...

The Hospital of King Jwnes in Gateshead
Notes to the Fin￿rial S¢*temerrt$ - contlnu•d
for the Year Ended 31 December 2024
FIXED ASSEf INVESTMENTS- contlnu•d
Cost or valuation at 31 De¢ember 2024 is repre5en*d by."
Llsted
Investments
Valuation in 2024
581296
12. INVESTMEKf PROPERTY
FAIR VALUE
At I january 2024
and 31 Dècember 2024
1.764.539
NET BOOK VALUE
At 31 Decenknr 2024
1.764.539
At 31 December 2023
1.764.539
The iThvestmenc properties held consist of the followns
Klngjarnes Cotoge
89 Old Durham Road
No'5 1 to 8 King lame5 Street
No'5 25 to 35 (odd numbers) and 39 Cenw Road
No's 7174. 84 and 86 Wordsworth Street
Recreation ground. &Jnderland Road
Properties with a carrying YdluE of £l.010.ofA) were fdlued on 12 F&ruary 2014 by Knight Frank LLP.
Chartered Surveyors ¢)n an opertr market fdlue assuming vacant possesston. The rerTraining properties were
revalued over rdrious dates between April 2007 and September 2007 by Mclntosh Thompson. Chartered
Surveyor& on the basis of a current market ￿luation. The trustees have used the Nationw*Je House Price
Index SIn￿ these dates untll 31 St De￿Mbtr 2018 to adjust for the than8e in vafue.
The recreation ground is not Y4lued for accwnrs purpose$ due to its nature, a5 is permitted by the SORP.
Page 17
continued..

The Hoswtal of King James in Gateshead
Notes to the Financial Statements- corrtinued
for the Year Ended 31 December 2024
DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1124
31.1123
Other debtors
Prepayrnents accrued Income
4.210
4.132
4.129
17.420
8,342
21.549
14 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24
31.12.23
Trade creditor5
Taxation and so¢lal $ecurity
Other creditors
5,371
501
1&338
18,253
474
13,035
21210
31.762
15. MOVEMENT IN FUNDS
Net
movement
In ftjnds
Transfers
At
31.1124
At 1.1.24
funds
Unr•stricted funds
Unrestricted funds
145&023
73.087
241177
2,773.287
Restrirted funds
RestricLed Funds
237.265
4.912
124IITII
TOTAL FUNDS
2,69&288
77,999
1773,287
Net movement in fun￿ induded in the *K)ve are as foNo
IncomSng
resources
Resources
expended
G￿Tr$ and
losses
m0￿Ment
in thJTrds
Unrostrirted funds
Unrestricted fiJnds
316.520
1240.4651
9681
73,087
Restricted funds
Resrrlcted Fund5
3.679
1.233
4.912
TOTAL FUNDS
320,199
240.465
77.999
Page 18
continue(L..

The Hoswtal of King Jame$ In Gateshead
Notes to the Fina￿la1 Statements - continu•d
for the Year Ended 31 December 2024
15. MOVEMENT IN FUNDS . continued
Comparatlves for movement In funds
Net
movement
in fund5
At
31.12.23
At1.113
Unrestricted funds
Unrestritted ffiJnd5
1389.469
6&554
2.4S&023
Ratricted funds
Restritted Funds
230,020
7,245
137,265
TOTAL FUNDS
1619.489
75.799
2,695,288
Conyarntive net moYen*nt in funds. in¢luded in the above are as foll¢)ws:
Incomin¥
resources
Resotxces
expended
Gains and
losses
Movement
in funds
Unrestricted funds
Unrè5tri¢ted fijnds
280.315
(2219671
11.206
6&554
Restrirted furMIs
RÈstrltted Funds
4.256
2.989
7.245
TOTAL FUNDS
284,571
222,9671
14.195
75.799
extra￿l￿ary Repalr Fund
By a supplerrEnd order dated 4 October 1979 by the Cha￿￿ Commissiw the hospital was required to set
aside out of income an annu￿ sum of £1,395 in respect of extraordlnary rewr lund. The thnd and sts inc¢M)È
therefrom shall be inYe5ted in the name of the Official Custodian.
Property Equlty Reserve (known ag the Recoupment Fund)
On 12 Aprll 2024. the Chariy Commission aHowed thi5 reserve to be released for gen￿￿ purFoses having
more than mec Its target.
Page 19
¢ontinued.-

The Hospital of Kin8 Jarn￿ in Gateshead
Notes to the Financial Statements - continued
for the Year Ended 31 December 2024
16. RELATED PARTY DISCLOSURES
There were no reLited party rransactyons for the year ended 31 December 2024.
ULTIMATE COP￿ROLLING PARTY
The ¢h4riry is unts the control of the trustee5 of the parent thari¢y, Kinglames Almshouses CIO.
Page 20

The Hospital of King Jrns in Gateshead
Detailed Statement of Financial Activities
for the Year Ended 31 December 2024
31.1124
31.12.23
INCOME AND ENDOWMENTS
Donations and legacies
Donations and le￿tIeS
100
250
Investment income
Rents received
Di¥idend5 received
143.849
127.290
6.503
151.889
133,793
Charitable artivi¢ies
Hosplral rental Income
161,978
149,416
Other income
Deposir acctyJnt interest receNed
4232
Totsl incomin8 resources
320.199
284.571
EXPENDITURE
Rai$in8 donation5 and legacies
Insurance
Sundrles
Management fees
Repairs
ProlessloTral fees
9.938
54
17.542
48.660
&227
667
1&551
23.183
10.542
76.194
59.170
Charltable activitits
Audit fees
Stipend- Vicar of Gateshead
1640
1,500
4,140
Support Costs
Management
Cleaner antj cleaning material
Carrled foThArd
10.416
10.416
9.933
9,933
This page does not forni part of the Statutory ffinancial statements
Page21

Th• H￿PItal of KSnzJam•$ In Gat•sh•ad
Detailed Statsment of Financial Activities
for the Year Ended 31 December 2024
31.12.24
31.12.23
Manasement
Brought foThvard
Warden
Penslons
Profession￿ fees
10.416
37,912
733
9.933
31.359
650
7.100
49.061
49.042
Property
Rates water
Insurance
ght and heat
Con*nunlty carè alarm
Equipment and repairs
Dweciation freehold properry
Deweciation oftsnpble fixed a55ets
4212
5.037
43.214
10.060
22.596
3.88S
426
34.764
10.059
31147
1870
.393
88.975
Infomiation téchnology
Telephone and broadband
Posw and 5tadoxery
Subscriptions
1.615
106
95
1918
2.169
Human resources
kni)untsnry and bookkeeping
Professional fets
5.861
7.447
13.447
Other
Sundr*s
5,898
4.524
Total resources expended
240.465
222,967
Net inciwne before galns and losses
79.734
61,604
R¢ali$ed recognised gaSn$ and los$e$
Realised gainsl{lossesl on hxed asset investments
1.735
14.195
Net income
77.999
75.799
This paze doe5 not form part of the statutory ffinancial statements
Page 22