## 






## 

## 

## 

## 



## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 



## 

## 

## 



## 

## 

## 

## 

## 



## 

|Each year|Each year|Each year|the Charity|the Charity|the Charity|the Charity|uses a|range|range|of data|to measure|to measure|VFM|progress<br>against<br>the<br>housing<br>sector.|progress<br>against<br>the<br>housing<br>sector.|progress<br>against<br>the<br>housing<br>sector.|The|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|results|help|||influence|||investment||decisions||and|provide|the|regulators<br>and<br>other<br>stakeholders|||with|
|information||||on|the|progress||of the||Charity,|whilst|also|ensuring||compliance<br>with<br>the<br>regulatory|VFM||
|standard.|||The||metrics||have been compared||||to the|Housemark||sector scorecard<br>median<br>published||by|the|
|National||Housing|||Federation.|||||||||||||
|||||||||||||Housemark||||||
|Metric|||||||2022|||2021||Scorecard|||Commentary|||
||||||||||||||||The Charity has 15Almshouses|||
||||||||||||||||in management.<br>This remains|||
||||||||||||||||as per the previous<br>year, with|||
||||||||||||||||no new supply of social housing|||
|New supply|||||||||||||||or new supply of non-social|||
|delivered|||||||0'/o|||0'/o||1.20'/o|||housing.|||
||||||||||||||||The Charity has no borrowings|||
|Gearing|||||||(17 25)o/o|||(15 40)o/o||35.80'/o|||compared<br>to industry<br>standard.|||
||||||||||||||||The Charity has no borrowlngs|||
||||||||||||||||and therefore<br>no Interest<br>in the|||
|EBITDA||MRI|||||N/A|||N/A||181.90'/o|||year.|||
||||||||||||||||Expenditure<br>from social housing|||
||||||||||||||||was up in the year due to a|||
|Social Housing|||||||||||||||major refurbishment<br>completion|||
|Cost Per||Unit|||||F1,490|||81,337||64,230|||for one ofthe flats in 2022.|||
||||||||||||||||As a Charity, The Hospital of|St||
||||||||||||||||Thomas receives a significant|||
||||||||||||||||level of Income from its|||
||||||||||||||||investments,<br>which this year|||
||||||||||||||||have been off-set against the|||
||||||||||||||||reported<br>investment<br>losses.|||
||||||||||||||||The decrease on Housing|||
||||||||||||||||Activity expenditure<br>has|||
||||||||||||||||directly impacted<br>on<br>the|||
|Operating||Margin|||||||||||||Operating<br>Margin<br>both Overall|||
|Overall|||||||52.71'/o|||39.09'/o||20.20'/o|||and Social Housing<br>Lettings.|||
|Social Housing||||||||||||||||||
|Lettings||only|||||t1.65'/o|||(25.64)'/o||22.20~/o||||||
||||||||||||||||The Charity has<br>minimal|||
||||||||||||||||liabilities<br>with a positive|||
||||||||||||||||operating<br>surplus<br>in the year.|||
||||||||||||||||The operating<br>surplus decrease|||
||||||||||||||||in the year compared<br>to 2021|||
|ROCE|||||||0 41o/o|||6.48'/o||2.80'/o|||has impacted<br>directly<br>ROCE.|||
||||||||||||||||Major reinvestment<br>occurred|in||
||||||||||||||||one ofthe houses<br>in 2022|||
||||||||||||||||explaining<br>reinvestment|||
|Reinvestment|||||||1.88'/o|||0.83'/o||5.70'/o|||increased<br>in the year|||





## 

## 

## 



||||||2022|2021|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
|||Notes|funds<br>f|fund<br>F|funds<br>f|fundsf|
|INCOME AND ENDOWMENTS|FROM||||||
|Charitable<br>activities|||||||
|Housing<br>Activities|||58,840||58,840|60,680|
|Investment<br>income||2|25129||25129|20121|
|Total|||83969||03909|00 001|
|EXPENDITURE ON|||||||
|Charitable<br>activities|||||||
|Housing<br>Activities|||51 500|1,309|52 005|58 372|
|Net gains/(losses)<br>on investments|||~25 919)||~25 919)|50261|
|NET INCOME/(EXPENDITURE)|||8,544|(1,389)|5,155|80,690|
|RECONCILIATION<br>OF FUNDS|||||||
|Total funds brought<br>forward|||1,158,798|77,051|1,245,859|1,165,169|
|TOTAL FUNDS CARRIED FORWARD|||1,175242|75672|1 2~1 014|1,245 850|



## 



## 

|||||2022|2021|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||funds|fund|funds|funds|
||Notes|F|F|6|E|
|FIXEDASSETS||||||
|Tangible assets|11|407,767|75,672|483,439|485,315|
|Investments|12|083402||083402|605 502|
|||1,091,169|75,672|1,166,841|1,170,817|
|CURRENT ASSETS||||||
|Debtors|13|4,531||4,531|4,392|
|Cash at bank||83 385||83305|74,440|
|||87,916||87,916|78,832|
|CREDITORS||||||
|Amounts<br>falling due within one year|14|(3,743)||(3,743)|(3,790)|
|NET CURRENT ASSETS||04173||04173|75 042|
|TOTAL ASSETS LESSCURRENT||||||
|LIABILITIES||1,175,342|75,672|1,251,014|1,245,859|
|NET ASSETS||1175342|75072|1251014|1,245,859|
|FUNDS|15|||||
|Unrestricted<br>funds||||1,175,342|1,168,798|
|Restricted<br>funds||||75672|77 061|
|TOTALFUNDS||||1 251 014|1 245 859|



## 




## 

## 

## 



## 

## 


## 



## 

## 

## 

## 

## 

## 

## 

|INVESTME|NT INCOME|||
|---|---|---|---|
|||2022|2021|
||||F|
|Investment|income|25,062|20,119|
|Deposit account interest||67|2|
|||25,129|~20 121|





## 

|3.|INCOME FROM CHARITABLE|INCOME FROM CHARITABLE|ACTIVITIES|||||
|---|---|---|---|---|---|---|---|
||||||2022||2021|
||Gross maintenance<br>Losses from voids|contributions|from residents|f<br>61,360<br>~2 ~20)|||61,360<br>~680)|
||||||00,840||60 600|
|4.|CHARITABLE ACTIVITIES COSTS|||||||
|||||Direct||Support||
|||||Costs (see|costs (see|||
|||||note 5)<br>f||note 6)<br>f|Totals<br>F|
||Housing<br>Activities|||~39 283||~13 612|~52 895|
|5.|DIRECT COSTS OF CHARITABLE ACTIVITIES|||||||
|||||||2022<br>f|2021<br>f|
||Rates and water|||||1,877|3,307|
||Insurance|||||1,912|1,780|
||Light and heat|||||1,059|1,161|
||Repairs and maintenance|||||11,192|15,230|
||Garden<br>maintenance|||||3,475|4,489|
||Warden<br>call system|||||2,221|1,289|
||Christmas<br>gifts|||||450|400|
||Depreciation|||||16,189|16,073|
||Loss on sale ofassets|||||908|1 290|
|||||||39,283|45,019|
|6.|SUPPORT COSTS|||||||
||||||Governance|||
|||||Management<br>f||costs<br>f|Totals<br>f|
||Housing<br>Activities|||~11 494||~2118|13,612|





## 

## 

|Support costs, included<br>in the a|bove, are as follows:|||
|---|---|---|---|
|||2022|2021|
|||Housing|Total|
|||Activities|activities|
|Clerk's fees||9,750|9,000|
|Charity<br>protection<br>insurance||408|407|
|Postage, stationery,<br>advertising<br>telephone<br>Sundries|and|714<br>66|1,268<br>108|
|Subscriptions<br>Independent<br>Examination||567<br>~2118|554<br>~2016|
|||~13 612|~13 363|



## 

## 

## 

|There were no trustees'<br>expenses<br>paid for the year ended 31 December 2<br>31 December 2021.|There were no trustees'<br>expenses<br>paid for the year ended 31 December 2<br>31 December 2021.|There were no trustees'<br>expenses<br>paid for the year ended 31 December 2<br>31 December 2021.|022 nor for the|year ended|
|---|---|---|---|---|
|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES|||||
|||Unrestricted|Restricted|Total|
|||funds|fund|funds|
|||6|f|E|
|INCOME AND ENDOWMENTS||FROM|||
|Charitable<br>activities|||||
|Housing<br>Activities||60,680||60,680|
|Investment<br>income||20,121||20 121|
|Total||80 801||80,801|
|EXPENDITURE ON|||||
|Charitable<br>activities|||||
|Housing<br>Activities||56 983|1 389|58 372|
|Net gains on investments||58261||58 261|
|NET INCOME/(EXPENDITURE)||82,079|(1,389)|80,690|
|RECONCILIATION|OF FUNDS||||
|Total funds<br>brought|forward|1,086,719|78,450|1,165,169|





|8.|COMPARATIVES|COMPARATIVES|FOR THE|STATEMENT OF FINANCIAL|STATEMENT OF FINANCIAL|ACTIVITIES|- continued|- continued|||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted||Restricted||Total|
|||||||funds||fund||funds|
|||||||F||f||f|
||TOTAL FUNDS CARRIED FORWARD|||||1168798||77 I)61||1,245 850|
|8.|SOCIAL|HOUSING ACTIVITIES|||||||||
||||||||2022<br>f|||2021|
||Turnover<br>Operating|from Social Housing<br>costs ofSocial Housing||||58,840<br>~61987)|||60,680<br>~57 II84)||
||Operating|surplus|and surplus|on Social Housing|activities||6,|053||3,596|



## 

|Historical|aggregate|amount<br>received||120 170|
|---|---|---|---|---|
|Released|historically|to Statement<br>of Financial|Activities|~726 170)|
|Social Housing<br>Grant||Carrying<br>forward|||





## 

|11.|TANGIBLE FIXEDASSETS|TANGIBLE FIXEDASSETS|||||
|---|---|---|---|---|---|---|
||||||Fixtures||
|||||Housing|and||
|||||properties<br>E|fittings<br>f|Totals<br>2|
||COST||||||
||At 1 January 2022<br>Additions<br>Disposals|||690,656<br>15,221<br>~6126)|8,362|699,018<br>15,221<br>~6126)|
||At 31 December 2022|||~899751|~8362|~708 113|
||DEPRECIATION||||||
||At 1 January 2022<br>Charge for year<br>Eliminated<br>on disposal|||206,179<br>15,351<br>~5218)|7,524<br>838|213,703<br>16,189<br>~5218)|
||At 31 December 2022|||~216312|~8362|~224 674|
||NET BOOK VALUE||||||
||At 31 December 2022|||~483 439||~483 439|
||At 31 December 2021|||~484 477|838|~485 315|
|12.|FIXEDASSET INVESTMENTS||||||
|||||||Listed|
|||||||investments|
||MARKET VALUE||||||
||At 1 January 2022<br>Additions|||||685,502<br>23,819|
||Revaluations|||||~25919)|
||At 31 December 2022|||||~683402|
||NET BOOK VALUE||||||
||At 31 December 2022|||||~683 402|
||At 31 December 2021|||||~685 502|
||There were no investment|assets outside the UK.|||||
||Cost or valuation<br>at 31 December 2022 is represented||by:||||



||||Listed|
|---|---|---|---|
||||Investments|
||||6|
|Valuation|in|2022|273,152|
|Cost|||~410 250|
||||~683 402|





## 

|13.|DEBTORS:AMOUNTS|FALLING|FALLING|FALLING|DUE WITHIN ONE YEAR|DUE WITHIN ONE YEAR|DUE WITHIN ONE YEAR|||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2022<br>f|2021<br>f|
||Contributions<br>in arrears|||||||3,302|3,269|
||Prepayments<br>and accrued||income|||||~1229|~1123|
|||||||||~4631|4 392|
|14.|CREDITORS: AMOUNTS||FALLING DUE WITHIN ONE||||YEAR|||
|||||||||2022<br>f|2021<br>f|
||Other creditors|||||||~3743|3790|
|16.|MOVEMENT<br>IN FUNDS|||||||||
||||||||Net|Transfers||
||||||||movement|between|At|
|||||||At 1.1.22|In funds|funds|31.12.22|
|||||||f|f|f.|f|
||Unrestricted<br>funds|||||||||
||General<br>fund|||||80,535|9,144|(850)|88,829|
||Property<br>8 Endowment<br>fund<br>Extraordinary<br>Repairs fund<br>Cyclical Repairs<br>& Maintenance<br>Investment<br>revaluation<br>fund|||fund||560,570<br>222,534<br>6,089<br>299 575|8,872<br>14,447<br>~25 9183|850|569,442<br>237,831<br>6,089<br>273 151|
|||||||1,168,798|6,644||1,175,342|
||Restricted funds|||||||||
||Housing<br>Property<br>fund|||||77,061|(1,389)||75,672|
||TOTAL FUNDS|||||1 245859|5155||1 251 514|
||Net movement<br>in funds,|Included|||in the above are as follows:|||||
|||||||Incoming|Resources|Gains and|Movement|
|||||||resources|expended|losses<br>f|in funds<br>f|
||Unrestricted<br>funds|||||||||
||General<br>fund|||||61,000|(51,856)||9,144|
||Property<br>& Endowment<br>fund<br>Extraordinary<br>Repairs fund<br>Investment<br>revaluation<br>fund|||||8,522<br>14,447|350|~25919)|8,872<br>14,447<br>~26919)|
|||||||83,969|(51,506)|(25,919)|6,544|
||Restricted funds|||||||||
||Housing<br>Property<br>fund||||||(1,389)||(1,389)|
||TOTAL FUNDS|||||~83 969|~52 895)|~25919)|~5155|





## 

## 

## 

|Compar|atlves<br>f|or mo|vemen|t|ln fun|ds|||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||Net|Transfers||
|||||||||movement|between|At|
||||||||At 1.1.21<br>f|in funds<br>F|funds<br>F|31.12,21<br>F|
|Unrestricted<br>funds|||||||||||
|General|fund||||||67,406|11,276|1,853|80,535|
|Property|& Endowment||fund||||562,013|410|(1,853)|560,570|
|Extraordinary<br>Repairs|||fund||||210,403|12,131||222,534|
|Cyclical|Repairs|& Maintenance|||fund||6,088|1||6,089|
|Investment<br>revaluation|||fund||||240 809|58 261||299070|
|||||||1,086,719||82,079||1,168,798|
|Restricted funds|||||||||||
|Housing|Property|fund|||||78,450|(1,389)||77,061|
|TOTAL|FUNDS|||||1|165169|80 69Q|—|1 245 859|
|Comparative<br>net||movement||in|funds,|included|in the above|are as follows:|||
||||||||Incoming|Resources|Gains and|Movement|
||||||||resources<br>f|expended<br>f|losses|in funds<br>F|
|Unrestricted<br>funds|||||||||||
|General|fund||||||62,851|(51,575)||11,276|
|Property|& Endowment||fund||||6,668|(6,258)||410|
|Extraordinary<br>Repairs|||fund||||11,281|850||12,131|
|Cyclical|Repairs|& Maintenance|||fund||1|||1|
|Investment<br>revaluation|||fund||||||58 261|58261|
||||||||80,801|(56,983)|58,261|82,079|
|Restricted funds|||||||||||
|Housing|Property|fund||||||(1,389)||(1,389)|
|TOTAL|FUNDS||||||80,801|~58 372)|~58 261|80,690|



## 



## 

## 

## 

## 

## 



## 

|||||||2022f|2021<br>6|
|---|---|---|---|---|---|---|---|
|INCOME AND ENDOWMENTS||||||||
|Investment<br>income||||||||
|Investment<br>income||||||25,062|20,119|
|Deposit account interest||||||67|2|
|||||||25,129|20,121|
|Charitable<br>activities||||||||
|Housing<br>activities||||||61,360|61,360|
|Voids||||||~2520)|~680)|
|||||||68,840|60,680|
|Total Incoming<br>resources||||||83,969|80,801|
|EXPENDITURE||||||||
|Charitable<br>activities||||||||
|Rates and water||||||1,877|3,307|
|Insurance||||||1,912|1,780|
|Light and heat||||||1,059|1,161|
|Repairs and maintenance||||||11,192|15,230|
|Garden<br>maintenance||||||3,475|4,489|
|Warden<br>call system||||||2,221|1,289|
|Christmas<br>gifts||||||450|400|
|Depreciation<br>of housing|||properties|||15,351|15,237|
|Fixtures and fittings||||||838|836|
|Loss on disposal of|housing|||components||908|~1290|
|||||||39,283|45,019|
|Support costs||||||||
|Management||||||||
|Clerk's fees||||||9,750|9,000|
|Charity protection|insurance|||||408|407|
|Postage, stationery,||advertising|||and|||
|telephone||||||714|1,268|
|Sundries||||||55|108|
|Subscriptions||||||567|554|
|||||||11,494|11,337|
|Governance costs||||||||
|Independent<br>Examination||||||~2118|~2016|
|Total resources expended||||||~52 895|58 372|
|Net income||||||~31 074|~22 429|