REGISTERED ¢HARITh NUMBER: 235958 Report of tho Trustee8 and Unaudltod Flnanclal Statements for the Year Ended 31 Deeember 2023 for THE HOSPITAL OF ST THOMAS THE APQSTLE IN DONCASTER KNOX CROPPER
THE HOSPITAL OF ST THOWIAS THE APOSTLE IN DONCASTER Contents of the Flnanclal Slatements for the Year Ended 31 Dgcomber 2023 Page Report of the Truslee8 1 to 7 Independent ExamlMr'$ Report 8tatsment of Flnanclal A¢tlvlt195 Balan¢¢ Shggt 10 Notes to the Flnanclal Statsmént8 11 to 21 Dglalled Statemont of FlnanGlal Actlvltlos 22 to 23
THE HOSPITAL OF ST THOMAS THE APOSTLE IN DONCASTER Roport of tho Trustses for th& Year Ended 31 Decembgr 2023 The trustees present their report with the finanGial ststements of the Charity for Ihe year ended 31 DeGember 2023. The trustees have adopted the provisions of kcounling and Reporting by Charities.. Statement of Recommended Practice applicable lo chatieS preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effeclbve 1 January 20191. The Hospitsl of St. Thomas the Apostle in Doncaster {herelnafter referred to as 'lhe Charity,) is regulated by the Charities Act 2011 and administered and managed by a body of Trustees In accordance with the recommendations of the Almshouse Associatlon's 'Standards of Almshouse Manag8menV. No trustee has held title to a property on behalf of the eharlty either on the date of approval of this report or during the reporting period Tre Charity is register8d with the Charity Commission under number 235958 and with the Regulator of Soc181 Housing (Homes England) under number A1286. OBJECTNE8 AND ACTivrriES Oblectlves and alms The.Charity was set up.. To provide accommodation (almshouse81 for poor persons of good character I'lhe almspeople'l and to utilise Ihe income to defray Ihe costs of maintaining such accommodation and for the benefit of the almspeople of the Charity or any of them as the Trustees should from lime to time think fil ii. To make payment to pensioners. Objedlvo lor the Year To provide warm, comfortable and safe housing for aSmspeople and to undertake such works as might be necessary to improve the quality of residence for the almspeople. Aims i. To meet the objects ol the Charty responsibly and to Nn the charity in a way that carries out its purpose for the public benefit. ii. To ensure that all the dwellings comply with the Decent Homes Stsndards and to provide affordable accommodation for eligible persons. iii. To appoinl persons. being of good character, whose quality of life would be slgnificantty improved by being appoinled as an in-house pensioner (almspersonl and who are likely to fil in with the proflle of and be compatlbie with fellow pensioners. Page 1
THE HOSPITAL OF ST THOMAS THE APOSTLE IN DONCASTER Report of the Tru¥tegs lor the Year Endgd 31 Decomber 2023 OBJECTIVES AND ACTIVITIES Significant actlvltles The charity runs 15 one bed roomed bungalows. 6 are situated at St Thomas. Court, stoops Lane, Be8sacarr, Donc48ter whilst the other 9 are situated at Goodi50n Boulevard, Canugy Estate, Doncaster. In this year 120231 a Quinquennlal Review, to the Almshouse Association Specification8lManagement Standards, was carried out by the LHL Group, Propety and Construction Consultants, in respect of all housing stock owned by the trustees. At the end of the year all 15 bungal¢JWS were wcupied in respect of all the dwellingts provided by thls ChaTity Tlhe Trustees will continue their programme of cyclical repairs and. where appropriate, modernisalion of features that have becom8 Outdated or obsolete. As In previous years the Trustees conllnued lo fully ulilise the facility of h8vlng a permanent presBn¢e on sile al No. 36 Goodison Boulevard. This continues to prove an excellent mean5 of keeping in Contact with the almspersons and gaining a betlBr understanding of the needs of the in-house pensioners and Ihe way in which the almshouses could be enhand to the beneflt of the almsper8ons. During 2023 regular repairs and maintenance were carried out. when neGessary. on all the housing stock. In respect of all works undertaken the truslees have had regard to the 'carbon footprint, resultant from such works. Publlc beneflt At all tsmes the trustees, within the structure of its objects. have b8en mindful of their responsibility lo run the charity in a way that carries out its charllable purpose and to extend that it may provide public benefit At all times the trustees have Sought to.. make decisions to ensure that its charitable purpose provid83 benefit in all decisions to identify risk5 of harm, minimising the risks and making sure th8t any harm that might arise is a minor consequence of carrylng out the purpose make decisions about who beneffts in a w8y that is consistent with its tharilable purpose make sure that any personal benefits any person receives (having regard both lo his nabJr8 and to its amount) are no more than a necessary result or by-product of ¢arrying out the purpose. Grantmaklng It is not the policy of the Trustees to make grants. ACHIEVEMENT AND PERFORMANCE Charltable aetlvlt1è8 All of tho almshouses have had, whenever required, essential works of malntenance Caled out to them and this, tO9elher with the warden call systems provided on an ex-gratia basis for the benefit of residents at both Goodison Boulevard and St Thomas, Court. along with positive input from the residents causes the Trustees to believe that they have mel their objective to provide wami, comfortable and safe housing for almspeople. Page 2
THE HOSPITAL OF STTHOMAS THE APOSTLE IN DONCASTER Report of tho Trustg lor the Year Endeql 31 DoGgmbor 2023 FINANCIAL REVIEW Finan¢lal posltlon The surplus for the year ending 31st December 2023 amounted to £42,690 compared to a surplus of £5,155 in the previous year. This slgnificant movement Ss due lo galns on revaluation of Investment assets in the year totalling £16,903 compared to losses of £25,919 in 2022. There were no donations received In 2023. The Balance Shgel shows an increase in reserves from £1,251,014 10 £1,293,704, reflecting the surplus for the year. This is represented by an increase in unrestricted fvnds of £44,079 and a decrease in restrlcled funds, amounting lo the dèpreclation of the 30clal housing grant element of housing propertios, of £1,389. Investments at market value have increased by £43,019 following the addition of £850 from cash at bank, accumulated dividends for the year of £25,268, and gains on revaluation of £16,903. Invostmènt pollcy and objectlves The Charity's Cyclical Maintenance Fund, Extraordinary Repair5 Fund arKI Endowment Fund are inve518d In low iisk investments managed by professional managers on behalf of the M&G Charity Mumi Asset Fund, COIF Charities Inveslment Fund, BLK Chariues UK Bond Fund and Charisco Common Investment Fund. ReseTVOS poII¢y The Trustees hold designated funds investments totslling in excess of £600,000. The Trustees aim to maintain this level and. if possible, increase the same by ¢apita1 and income growlh that will b8 mOnOred and reviewed upon a regular basis. The Trustees, having regard to the current housing climate. are satisfied that reserves are required for the maintenance of current housing stock and future rehablrebuild rather than new build of additional almshouses. During the year to 31 sl De¢emb8r 2023, the Trustees peTiodically reviewed the Designated Reserve5. Wnilst being over vigilant, the trustees have no Concerns about the charity's ability to operate in the future Golng ¢oncem The Board has reasonable expectation that th8 Gharity has adequate resou8$ to continue operations for the foreseeable future. For this reason, the going roncem basis has ntinUed to be used In preparing the flnancial statement5. FUTURE PLANS The Trustees continue to closely monitor Ihelr investments. The Trustees Intend to maintaln the present housing sloek to a high standard and enhan the same, whenever wssible, wlthin Ihe structural limitations imposed by the basiG construction of the dwellings. To be ever vigilant to the needs of the almspersons and pensb)ners. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng documgnt The charity is Gonlrolled by Its governlng document, a deed of tnjsl and conslitules an unincorporated charity. Charlty constltutlon The charity is governed by the schem8 of the Charity Commission dated 28th May 1964 and Vaed by schemes dated 23rd December 1968. 05 January 1988, and 03 February 1995 as am8nded on 22 November 2023. The Charity's registered number with the Charity Cornmlssion Is 235958. The Charity's registered number with the Regulator of Social Housing. is A1286. Page 3
THE HOSPITAL OF STTHOMAS THE APOSTLE IN DONCASTER Report of the Trustegs for thg Yoar Ended 31 Decomber 2023 STRUCTURE, GOVERNANCE AND IIANAGEMENT Recrultrnent and appolntment of new trustegs The Trust Deed provldes that the body of Trustees, including ex-officio Truste83, should conslst of sever) compelenl persons. The Vicar of Doncaster Mlnster and the Civic Mayor of Doncaster are ex-Off10 Trustees whilst the remainin9 Trustees are persons residing or rryIng on business in or near Doncaster and are recruited with the aim of having a Boar¢J of Trustees with a range of relevant ski119 and experlence. New Trustees are induded by the Board but are able lo attend Courses run by the Almshouse Association and others. No trustee receives any benefits from their appointment. Oryan184tlonal stru¢turn The Board of Trustees met 4 times in 2023 to determine stratsgy and policy and is serviced by the Clerk lo the Charity. The Clerk to the Charity oversees the day-to-day operations at the Almshouses. The Clerk receives an annual Stipend by way of remuneration foi his work done for the Charity. The benchmark for such remunaralion involves consideration of remuneration of olhers with similar experience and SpOnsIbl11b0S linked lo the time exFended by the Clerk on trust %tivities. volume of work involved and achievement. De¢lÉion maklng The Trustees acknowledge their responsibility for the Charity's system of internal controls. including intemal financial contro18. The system of controls covers governance. strategy and finance, relating to the safeguarding of assets, the maintenance of proper accounting re¢ords and the reliability of financlal information used both within the organisalion and for publicatlon. The systems established and maintalned can provide reasonable but not absolute assurance against matedal misstatement or loss. The Trustees give consideration to the major risks to which the charlty Is exposed and have reviewed the established systems and procedures lo mangge these risks. It has b6en agreed that the Trustee8 will annually rèview these rlsks. Rlsk management The trustees have a duty to identify and review the risks lo which the charity is exposed and to ensure appropriate contro15 are in pla lo provide reasonable assurance against fraud and error. REFERENCE AND ADMINISTRATIVE DETAIL8 R8gl8tered Charlty nurnber 235958 PTlnclpal addro88 36 Goodison Boulevard Cantley Estate Doncaster DN4 6BX Trustgvs Mrs J Howarth PHWood Mrs S E Uttlpy P A Wriggle5WOrth H Hardy Page 4
THE HOSPITAL OF ST THOMAS THE APOSTLE IN DONCASTER Report of the Trustees for the Year Ended 31 December 2023 REFERENCE AND ADMINISTRATIVE DETAILS Indepandent Examlner James Holland-Leader FCA Knox Cropper LLP Chartered Accounlants 65 Leadenhall Street London EC3A 2AD Ex-offlclo Trustees Revd Canon D Stevens - Vicar of Doncaster Minster Cllr l. Pearson Civic Mayor of Doncaster up lo May 2023 Cllr l. Anderson - Civic Mayor of Doncaster from May 2023 Clerk to tho Trustees Mr N M Lumley Bankers Natwest PLC Doncaster Branch 12 High Sireel Doncaster DNI 1 EJ Code of Govpmance The code of governance adopted by Ihe Trustees is the Charity Governance Code for Smaller Charities, as this best thts with the aims and objeGb'ves of The Hospital of St Thomas as an Almshouse Charity and represents a standard of good 9overnance practice to which all Gharllles should aspire. The Board of Trustees confirms compliance with the Governance and Financial Viability Standard. In doing so. the Board conffi'rms that it has an appropriate, robust and prudenl bu8ine$s planning. risk and Control framework in place. STATEMENT OF TRUSTEES, RESPONSIBILITIES The Iruslees are responslble for preparing the Report of the Trustees and the financial statements in accordanG& with appllcable law and United Kingdom A¢counling Standard8 (United Kingdom Generalty Accepted kcounling Practice). The law applicable to chariues in England and Wales, the Charilles Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions ol the trust deed requires the tru51ees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application ol resources, induding the income and expendilure, of the charity for that period. In pieparing those tinancial statements. the trustees are required lo select Suitable accounting policies and then apply them conslslentty- observe the methods and principles in the Charity SORP. make judgements and eslimales Ihat are reasonable and prudent., prepare the financial statements on the going Goncern basis unless il is inappropTial8 lo presume that the Gharity will continue in business. The trustees are responsible for keeping proper accounllng records whl¢h disclose with reasonable accuracy al any lime the financial position of the charity and to enable them lo ensure that Ihe financial statements comply wllh the Charities AGI 2011, the Charity (Accounts and Reports) Regulations 2008, the Housing and Regeneration Act 2008, the Accountlng Direction for Private Registered Providers of Social Houslng 2022. and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charify and hence for laking rèasonable steps for the prevention and deleclion of fraud and other irregularities. Page 5
THE HOSPITAL OF ST THOMAS THE APOSTLE IN DONCASTER Report of the Truste lor the Year Ended 31 Decembgr 2023 VALUE FOR MONEY IVFMI Each year the Charity uses a range of dats to measure VFM progress against the housing sector. The results help InfluenG8 investment decision5 and provide the regulator5 and other stakeholders wlth Information on the progress of the Charity, whilst also ensuring complian¢e wrth the regulatory VFM standard. The metrics have been compared to the Acuity smaller provlders 2022123 results. A¢ulty Score¢ard M8tri¢ 2023 2022 Commentary Tho Charity has 15 Almshouses in management. with no new supply of soci81 housing or new supply of non-social housing. Thls metric indicalos the exlenl lo which the Charity's properties are funded by loans. This negative Ca1latIon reflects the fact that the Charity has no borr¢)wings. The Charty has no borrowlngs and therefore no interest in the year. This metric measures the economy and efficiency of the Charity. The lower the amunl, Ihe more economic and efficient the Charity Is. The Charity remain5 below than the sector comparison. These metrl¢s measure the overall profilabllity of the Charity, excluding exceptional items. The Charity's overall operating margin decreased in the year due lo increased legal fees ref. Quinquennlal review costs., The Hospitsl of St Thomas rec8N8s a significant level of income from its investments, which Ihls year have be8n off-set against the reported investment gain. The Charity has minimal Ilabilities with a pOSiVe operating surplus in the year. The operating surplus increase compared to 2022 has Impacted directly ROCE. Higher investment ratio in the year In(Jicales the Charity is priorilislng the upkeep and improvements Compared lo previous year New supply delivered 0% Gearing 117.82IYo 117.251 13.24% EBITDA MRI NIA NIA 168°/0 Social Housing Cost Per Unit £1,992 £1,490 £5,395 Operating Margln Overall Social Housing 52.71% 13.349h Lettings only 32.98 % 11.65% 13.21 % ROCE 1.99% 0.41% 1.88% Reinveslmenl 2.22% 1.88% 3.7% Page 6
THE HOSPITAL OF ST THOMAS THE APOSTLE IN DONCASTER Report of the Trustees for the Year Ended 31 Docomber 2023 These key performance indicators reflect the results ft)r the year ended 31 st December 2023 in comparison to industry standard, demonstrating strong reserves, no borrowings, and the ability to maet its charitable objecti've5, largeSy due lo focusing on delivering hight standard accommodab'on to residents. Approved by order of the board of trustees on 13 May 2024 and s19r on its behalf by- Wriggle8worth - Trustee ci4 h frc Page 7
Indepgnd8nt Examinerfs Raport to the Trust8gs of The Hospltal of St Thomas the Apostle In Doncaster Indeper]dent examinerf5 report to the trustee5 of The Hospital of St Thomas the Apostle in Doncaster I report to the charity trustees on my examination of the accounts of The Hospi(al of St Thomas the Apostle in Doncaster (the Trust} for the year ended 31 December 2023. This report is made lo the Trustee5, as a body. in ac¢grdance with the terms of my engagement. Our work has been undertaken so that we might carry out an Independent Examination of th@ financial statements in cordan¢e with the General Dire¢tKJns given by Ihe Chaiity Commissioners. To the fullest extent permitted law, we do mt accept or assume responsibility to anyone other than the Charily and th@ Charity's Trustees, BS a body, lor our work (fOr this repo Responsibilities and basis of report As the charity trustees of the Trust, you are r8sponsib18 for the preparation ol the accounts in a¢cordance with the requiwements of the Charities Act 20111.lhe Act'i. Having satisfied myself that the accotjnts of the Charity are not required to be audited under Section 13613} of the Housing and Regeneration Act 2W8, an independent examination has been carried out. I report in respect of my examination of the Trusvs accounts carried out under SedK)n 145 of the Act and in arrying out my examinatson I have followed 811 appI&ble Directions given by thè Charity Commission under Section 145151{bl of the Act. Independent examinerf$ statement I hav@ completed my examination. I confimi that no material matters have comg lo my alt8nlion in connl)n with the examinalion giving me cause to lIeVe that in any material respect.. 1. accounting records were not kept in respect of the Trust 8s required by section 13D of the Act,. or section 135(2Hal of the Housing and Regeneration Act 2008,. or 2. the accounts do not accord with those records,. or 3. the accounts do not comply with the applicable requirements conceming the f(xm content of accounts set out in Ihe Charitiès (Accounts snd RÈports} R8gu181ions 2008 other Ih8n 8ny requirement that the accounts give a true and fair VEW which is not a maller ¢(Slered as part of an independent examinatKJn. I have no con[5 and have come aGross no other matters in conneth'on with the exarrwnalion lo whith allenlK)n should drawn in this report in older to enable a proper understanding of the accounts to be reached. ]11,,J Jamès Holland-LèadÈr FCA Krwjx Cropper LLP Chartered Aeeounlants 65 Leadenhall Str1 London EC3A 2AD 13 May21r24 Page 8
THE HOSPITAL OF ST THOMAS THE APOSTLE IN DONCASTER Statemont of Flnanclal A¢tlvltles forthe Yoar Ended 31 Decomber 2023 2023 Total funds 2022 Total fvnds Unrestricted nds Restricted fund Notes INCOME AND ENDOWMENTS FROM Charllablo actlvities Housing Activities 69,960 59,960 58,840 Investment income 25,129 Total 83,969 EXPENDITURE ON Charltable actlvlt108 Housing Activitie8 52,895 Net gainslllossesl on investments NET INCOMEIIEXPENDITURE) 44,079 (1,3891 42.690 5.155 RECONCILIATION OF FUNDS Total funds brought forward 1,175.342 75,672 1,251,014 1,245,859 TOTAL FUNDS CARRIED FORWARD 1219421 1293 704 1251014 CONTINUING OPERATIONS All income and expenditure has arisen from contlnuing activities. The notes form part of these financial statements Page 9
THE HOSPITAL OF ST THOMAS THE APOSTLE IN DONCASTER Balance Sheet 31 Decernb•r 2023 2023 Totsl funds 2022 Total funds Unreslricled Restricted fvnds fund Notes FIXED ASSETS Tangible assets Investments 11 12 410,053 726 421 74,283 484,336 726 421 483.439 1,136.474 74,283 1,210,757 1,166.841 CURRENT ASSETS Debtors Cash at bank 13 1,401 1,401 4,531 83,385 87,6S4 87,664 87,916 CREDITORS Amounts falling due within one year 14 (4,7071 (4,707) 13,743) NET CURRENT ASSET8 TOTAL ASSETS LESS CURRENT LIABILITIES 1.219,421 74.283 1.293,704 1,251,014 NET ASSETS 1219,421 1293 704 1251014 FUNDS Unrestricted funds Restricted fvnds 15 1219,421 1.175,342 75,872 TOTAL FUNDS 1293 704 1,251,014 The financlal statements were approved by the Board of Trustses and authorised for issue on 13 May 2024 and were slgned on ils behalf by.. esworth - Trustee P H Wood - Trustee The notes form part of Ih85e financlal statements Page10
THE HOSPITAL OF ST THOMAS THE APOSTLE IN DONCASTER Noles to the Flnanclal Stalements forthg Year Endod 31 Dècember 2023 ACCOUNTING POLICIES Bas18 of preparlng the flnanclal statements The financlal statements of the charlly, which Is a public benefit entty under FRS 102, have been prepared in ac¢ordan¢e with the Charities SORP IFRS 1021 'Accounting and Reporting by Charitles.. ststement of Recommended Practice applicable to charities preparlng thelr accounts in aOrdance th Ihe Flnancial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 {effective 1 January 2019),. Financial Reporting Standard 102 'The Financial Reporting Slan¢Jard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The accounts comply with the Charllies Act 2011. the Housing and Regeneration Act 2008 and the Accountin9 Direction frjr Private Registered Providers of Social Housing in England 2022. The financial stslements have been prepared under the hi8tOTieal cost conventlon, with the exception of investments which are included al market value, as modified by the revaluallon of certain assets. The financlal ststemenls are presented in sterling, which Is the functional currency of the Charty and are rounded lo the nearest pound. The accounts have been prepared lo give a 'true and falr view, and have departed from the Charities {Accounts and Reports) Regulations 2008 only to the gxtent required lo provide a 'lrue and fair view.. This departure invofved following Accounting and Reporting by Charities preparin9 their accounts in accordance with the Flnancial Reportlng Standard appllcable in the UK and Republlc of Ireland (FRS102) issued on 16th July 2014 rather than th8 Acoountlng and Reporting by Charities Statement of Recommended Practice effective from 1st Apdl 2005 which has slnce been wlthdrawn. Golng conc•rn The financial statements have been prepared on a going concern basis as the TTUStees believe that no material uncertainties exist. The Trustee5 have considered the level of funds held and the expected level of income 8nd expenditure for 12 months from aulhorising these financial slatem8nts. The budgeted income and expenditure Is sufficient wlth the level of reserves for the Charity to be able to Gonlinue as a going nCern. Crltlcal ac¢ountlng judgements and koy sources of estlmatlon uncertalnty The following are the crili¢al judgements and key sources of estimation uncertainty that the Board has made in the pro$ of applying the charity's accounting wlicies and that have the most signlficant effect on the amounts recc*3nised in the financial stalements.. Identification of housing propety compongnts The charty accounts for Ils expenditure on houslng properties uslng component accounting. Under component accounting, the housing property is divided into those major ¢omponenls which are considered to have substantially different useful economic lives. Judgement is used in allocating property costs bBtsYeen components {land. structure. kitchens. bathrooms elcl and in determining the useful economits lives of each component. Housing proporty depreciation is ¢al¢ulaled on a component by component basis. The identification of such compongnts is a maller of judgement and may have a material impact on the dopreciation charge. The companents selected are those which reflect how the major paIrS lo the property are rJanaged. In¢om8 l income Is recognised once the Charity has entitlement lo the income, it is probable thal the income will be re¢elved and the amount of income receivable can be measured reliably. Income from housing represents housing contributions from weekly Thintenance charges from residents. Page 11 continued...
THE HOSPITAL OF ST THOMAS THE APOSTLE IN DONCASTER Notes to tho Flnanclal Statements - ¢ontlnu8d lorthe Year Ended 31 Dècember 2023 ACCOUNTING POLIGIES- ¢ontlnugd Income No amunt Is Included in the financl21 statements for volunteer time in line with the SORP (FRS 102). Investment income is earned through holding assets for invesiment purwses suGh as Sha$. It inGluded dividends and interest. Where it is not practical to identify Investment management costs incurred within a scheme wilh reasonabl& accuracy the investment income is reported net of these costs. 11 is included when the amount can be measured reliably. Interest inGome is cognIsed using the effective interost method 8nd dividend income is reeognised as the Charity's right to receNe payment 15 established. Social Houslng Capital grants are recognlsed onty when recelvable, or in the period in which a SGheme is completsd and where the amount of the grant has been determined. Grants are reflected in the restriGted Housing Property Fund with depreciation on grant funded asse18 reducing thSs fund. Expendlture Liabilities are recognlsed as expenditure as soon as there is a legal or conslruclive obligation committing ihe charity to that expenditure, it is probable that a transfer of economic benefits will be required in setU8ment and the amount of th8 obligation can be measured reliably. Expenditure is a¢counted for on an accruals basis and has been classified under headings that aggregalg all cost related to the category. whe costs cannot be directly attributed lo particular headings they have been allocated to activities on a basis consistent wllh the use of resources. Tanglble flxed as86ts Houslng prop8rt10s The Almshouses at Goodison Boulevard, Csnlley, Dorbcaster, were construGled In 1964. The Housing Properties cost includes Improvements carried out in 19e6 which were fvnded by Housing Corporation Grant, mortgage loan from Housing Corporation secured by a charge on housing, land and bulldings. Housing properties are slated al depreciated cost. The cost of completed housing propertl8s Is depreclaled over the life of the properties. Properties are accounted for on a component cost basis with each Gomponent being depreciated over its eslimaled economlc life. The principal components identified and the depreciatlon rale applled to Bach component are set out below: Y•ar8 100 70 Fabric Roof Electrics ndows ané doors Bathrooms Mechanical systems Kitchens Boile 30 30 30 20 15 Furnlture, Flttlngg and Equlpmont Depreciation on Furniture, Fittings and Eqvipment has b8en provKled in order to write off the c08t over its 8xpected useful life on a slraighl line basis. The rate used for this purpose is 10.10. Taxatlon The charity is exempt from tax on its charitable a¢livit185. Fund accountlng Unrestrlcled fvnds can be used in a¢coTdance with the charitable obleclives at the discretlon of the trustees. Page 12 conlinued...
THE HOSPITAL OF ST THOMAS THE APOSTLE IN DONCASTER Notes to the Flnanclal Ststemgnts - contlnued for the Year Endod 31 Decembgr 2023 ACCOUTr1NG POLICIES - contlnuod Fund a¢¢ountlng Reslricled funds can only be used for partlcular restrlcted purposes Within the objects of the tharity. Reslriclions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is in¢lud8d in the notes to the financial stslem8nl$. Debtors Trade and other debtors are recognised al the settlement amount due after any trade discount offered. Prepayments are valued at the amounl prapaid net of any trade dlscounts due. Cash at bank and In hand Cash al bank and cash in hand includes cash and short tem hbJhly liquid investments with a short maturity of three monihs or less from the dale of acqulsition or opening of the deposit or similar account. redltors and provlslons CTeditor5 and provisions are recognised vlnere the charity has a present obligation resultlng from past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be meaSUd or estimated reliably. Creditors and provisions are normally recognis8d at their settlement amount after allowing for any trade discounts due. Flnanclal Instruments The charity only has financlal assets and financial liabilities of a kind that qualify as basic flnancial instmments. Basic financial in¥truments are initially recognised at transaction value and subsequently measured at their settlement V81ue with the exception of bank loans which are subsequently measured at amortised ¢ost uslng the effective interest method. INVESTMENT INCOME 2023 2C122 Investment income Deposlt account interest 27A10 430 25.062 67 25.129 Page 13 ontinued.,.
THE HOSPITAL OF ST THOMAS THE APOSTLE IN DONCASTER Notes to tho Flnanclal Statements - contlnued forthe Year Ended 31 DeGember 2023 INCOME FROM CHARITABLE ACTIVITIES 2023 2022 Gross maintenance contributions from residents Losse5 from voids 61,360 61,360 59,960 CHARITABLE ACTIVITIES COSTS Direct Cost5 (see note 51 Support costs (see note 6) Totals Housing Activities DIRECT COSTS OF CHARITABLE ACTIVITIES 2023 2022 Rates and water Insurance Light and heal Repairs and maintenance Garden maintenance Warden call system Christmas gifts Bad Debt Depreciation Loss on sale of assets 2.184 2,217 1.108 7,549 3,216 2,393 480 3,249 16,754 1,877 1,912 1.059 11,192 3,475 2,221 450 16,189 908 39,283 SUPPORT COSTS Governance costs Managament Totals Houslng Actfvrtles 21 Page 14 continued...
THE HOsPAL OF ST THOMAS THE APOSTLE IN DONCASTER Notos to th8 Flnan¢lal Statements - contlnued forthe Year Ended 31 December 2023 SUPPORT COSTS - contlnued Support costs, Included in the above, ar8 as follows.. 2023 Housing A¢tSvities 2022 Total actwities Clerk's fegs Charity protedon insurance Postage, stationery. advertising and telephone Sundrles Subscriptions Independent Examination Legal costs Training 10,500 408 9,750 408 357 2,542 918 2,220 4.800 80 714 55 667 2,11B TRUSTEES, REMUNERATION AND BENEFITS There weff no trustees, remUneraon or other benefits for the year ended 31 December 2023 nor for the year ended 31 Dmber 2022. Trustses, expen888 There were no trustees, exp8nse8 pald for the year ended 31 December 2023 nor for the year ended 31 December 2022, COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted R8Strided funds fund Total funds INCOME AND ENDOWMENTS FROM Charltable actlvltlgs Housing Activities 58,840 58,840 InVestnt Income Total 83,969 EXPENDITURE ON Charltsble activitlos Houslng Adivities 51.506 52,895 Net gains1(losses) on investments 25.919 NET INCOMEIIEXPENDITURE) 6,544 {1,3891 5,155 Page 15 continued...
THE HOSPITAL OF ST THOMAS THE APOSTLE IN DONCASTER Notes to tho Flnanelal Statemgnts - contlnued foT the Year Ended 31 December 2023 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - contlnued Unrestricted Restricted funds fund Total funds RECONCILIAMON OF FUNDS Total fvnds brought forward 1,168,798 77,061 1,245,659 TOTAL FUNDS CARRIED FORWARD 1 175.342 1251,014 SOCIAL HOUSING ACTIVITIES 2023 2022 Tumover from Social Houslng Oparatlng ¢osts of SoGial Houslng 09,960 67 576} 58,840 519871 Operatin9 surpSus and Surplus on Social Housing actlvilies 10. SOCIAL HOUSING GRANT The total historical Social Housing Grarrt received for The Hospltal of St Thomas the Apostlè In Doncastsr as at 31 st December 2023 amounted to £126.170 (2022: £126,170). The full Capllal Grant would only become repayable if the Almshouses were disposed of and the grant was not re¢y¢led. Historfcal aggregate amount hlstorically received 126,170 Released hisloricalty to Statement of Financial Actlvilies 126 170> Social Houslng Grant Carrying forward Page 16 conlinued...
THE HOSPITAL OF ST THOMAS THE APOSTLE IN DONCASTER Notes to the Flnanclal Statfrments - contlnuod loy the Year Ended 31 Dgcember 2023 11. TANGIBLE FIXED ASSETS Fixtures and rittings Housing properties Totals COST At 1 January 2023 Additions Disposals 699,751 18,252 8,362 438 708,113 18,690 At 31 December 2023 710,487 8,800 719 287 DEPRECIATION Al l January 2023 Charge for year Eliminated on disposal 216,312 15,710 B,362 44 224,674 15,754 At 31 December 2023 6 234 951 NET BOOK VALUE At 31 December 2023 483 942 At 31 December 2022 483,439 483.439 12. FIXED ASSET INVESTMENTS Lists investm8nts MARKET VALUE Al 1 January 2023 Additions Revaluatlons 683,402 26,118 At 31 December 2023 726 421 NET BOOK VALUE At 31 December 2023 726 421 At 31 December 2022 683 402 There were no investment assets outside the U Cost or valuation al 31 December 2D23 is represented by.. Llsted Invostmgnts Valuation in 2023 290,056 436,365 726 421 Page 17 ontlnued...
THE HOSPITAL OF ST THOMAS THE APOSTLE IN DONCASTER Notes to the Flnanclal Statements . contlnued for the Ygar Ended 31 Dècember 2023 13. DEBTORS: AMOUNTS FALLING DUE INITHIN ONE YEAR 2023 2022 Contrlbutions in arrears Prepaymgnts and accrued Inme 3,302 14. CREDITORS.. AMOUNTS FALLING DUE wrrHIN ONE YEAR 2023 2022 Trade CditOrS Other creditors 290 Is. MOVEMENT IN FUNDS Net mvement in funds Transfers behveen fvnds At 31.12.23 A11.1.23 Unrestrlcted funds General fund Property & Endowment fund Extraordinary Repairs fund Cyclical Repairs & Maintenance fund Investment revaluation fund 88,829 569,442 237,831 6,089 273 151 1341 11,257 15,901 52 (8501 1245,349} 246,199 87,945 335,350 499,931 6,141 1,176,342 41079 1,219.421 Re$trl¢ted funds Housing Property fund 75,672 {1,3891 74,283 TOTAL FUNDS 1251014 42.690 1293 704 Page 18 conlnued...
THE HOSPITAL OF ST THOMAS THE APOSTLE IN DONCASTER Notes to the Flnanclal Ststgments - Contlnued for the Year Ended 31 Decombor 2023 15. MOVEMENT IN FUNDS-contlnuod Nel movement in funds, included in the above are as follows- Incoming resources Resources expended Gains and 105ses Movement in funds Unre8trlcted funds General fund Property & Endowment fund Extraordinary Repairs fund Cyclical Repairs & Maintenance fund Investment revaluation fund 62,482 9,365 15,901 52 162,516) 1,892 (34) 11,257 15,901 52 87,800 (60,624) 16,903 44,079 Restrlctsd funds Housing Property fund 11,3891 (1,3891 TOTAL FUND8 820131 Comparatlvgs for movement In funds Net movemènt In fund$ Transfers betsveen funds At1,1.22 31.12.22 Unre8tr1ctsd funds General fund Propety & Endowm8nl fund Exlraordinary Repairs fvnd Cy¢lic81 Repairs & Maintenance fund Investment revaluation fund 80,535 560.570 222.534 6,089 299 070 9,144 8,872 14,447 (8501 88,829 569,442 237,831 6,089 273 151 850 25,919) 1,168,798 6.544 1,175,342 Restrlcted lund$ Housing Propety fund 77,061 11,3891 75,672 TOTAL FUND8 1245 859 1251014 Page 19 Continued...
THE HOSPITAL OF ST THOMAS THE APOSTLE IN DONCASTER Notes to the Financial Statsments- continued forthe Year Ended 31 December 2023 15. MOVEMENT IN FUNDS-continuèd Comparalnp net movement in funds. included in th? above are a8 follows.. Incoming resources ResL)ur expended Gains and Movement losses in funds Unrestrl¢ted funds Geneial fund Property & Endowment fund Extraordinary Repairs fund Investment revaluation lund 61.000 8,522 14,447 151.856) 350 9.144 8,872 14.447 125,9191 125,919) 83,%9 151,506} 125,919} 6,544 Restricted funds Housing Property fund 11,3891 {1,3891 TOTAL FUNDS 83.%9 152,8951 125.919} 5.15S Property & Endowment Fund This represents the pioportion of the cost of properties whlch was financed by charli able donallons and the Charily's owrb resour$. In the year capitalised expenditure on Using pTLyerties. has been IransfeTred lo this fund and dePcIatIOn ha8 bn transferred from this fund. Income arising from investments of the endowment fund shall be applied for the general purposes for the charity. Cyclical Maintenance Fund This fund represents amounts set aside for cyclical maintenance lo meet costs in excess of budgeted expenditure for any year. Extraordlnary Repalrs Fund This represents amounts s8t aside to carry out future major repairs lo Housing Propertles. Investment Revaluation Resetve This represents the difference beiween the market value wst of investmnts Housing Property Fund This represents the social housing grant received from the Housing Corrxjralion for property improvements to the Almshouse5 since 198e. Deprecwtion on housing properties is charged to this fund over the lrfe of the components of the building. Transfers betvfftn funds The Iruste&s rèsolved in the reporting year Ihat il was in thé best interests ol the kneficiaries of the harity for the Addrtional Almshouse Designated Fund OAFI to be Closed and the monies transferred lo the Extraordinary Repair Fund {ERF}. Page 20 continued...
THE HOSPITAL OF ST TH0s THE APOSTLE IN DONCASTER Not88 to the Flnanclal Slatements- contlnugd for the Year Ended 31 December 2023 RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 December 2023. 17. UNITS IN WFANAGEMENT The Charity had 15 units In Management durlng the y8ar.12022'. 151. Page 21
THE HOSPITAL OF ST THOMAS THE APOSTLE IN DONCASTER Dotalled stateme of Flnanclal Actlvltlgs for the Yoor Ended 31 December 2023 2023 2022 INCOME AND ENDOWMENTS InvoStm8nt Income Investment income Deposit account intsrest 27A10 430 25,062 67 27,840 25,129 Charltablg acllvltl•8 Housing activities Voids 61,360 61,360 58,840 Total Incomlng re80urcos 87,800 83,969 EXPENDITURE Charltabl8 actlvltles Rates and water Insur8nce Light and heat Repairs and maintenance Garden maintenan Warden call system Christmas glfts Bad Debt Depreciation of housing properties Fixtures and fillin95 Loss on disposal of housing Gomponents 2,184 2.217 1,108 7,549 3,215 2,393 480 3,249 1S,710 44 1,877 1,912 1.059 11.192 3,475 2,221 450 15,351 838 908 40,186 39,283 Support costs Managemgnt Clerk's fees Charity protection insurance Postage, stationery, advertising and telephone Sundrles Subscriptions 10.500 408 9,750 408 357 2,542 918 714 55 567 14,725 11.494 Govèmance o)st8 Independent Examinatlon Carried forward 2,220 2,220 2,118 2,118 This page does not form part of the statutory financial statements Page 22
THE HOSPITAL OF ST THOMAS THE APOSTLE IN DONCASTER Detalled Statemgnt of Flnanclal A¢tlvlties for the Year End8d 31 December 2023 2023 2022 Govorrban¢e costs Brought foNard Legal costs Training 2,220 4,800 2,118 Tolal resources expended Net Incomfy 25.787 This pago does not form part of the statutory financial statements Page 23