REGISTERED CHARITY NUMBER., 235958 REGULATOR OF SOCIAL HOUSING NUMBER: A1286 Report of the Trustees and Unaudited Financial Ststements for the Year Ended 31 December 2024 THE HOSPITAL OF ST THOMAS THE APOSTLE IN DONCASTER KNOX CROPPER
THE HOSPITAL OF ST THOMAS THE APOSTLE IN DONCASTER ontents of thè Financial Ststements for the Year Endèd 31 December 2024 Page Report of tho Trustees Independent Examlnerfs Report Statement of Financlal Activities Balance Sheot 10 Notes to the Flnancial Statement$ 11 10 21 Detailed Statement of FSnan¢lal Activitles 22 to 23
THE HOSPITAL OF ST THOMAS THE APOSTLE IN DONCASTER Report of the Trustees for th8 Year Ended 31 Deetmbgr 2024 The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. The Iruslees have adopted the provisions of Accounting and Reporting by Charities., Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191. The Hospital of Sl. Thomas the Apostle in Doncaster Ihereinafter referred lo as 'lhe Charity'l is regulated by the Charities Act 2011 and administered and managed by a body of Trustees in accordance with the recommendations of the Almshouse Association's 'Slandards of Almshou$e Managemenv. No Iruslee has held tille lo a property on behalf of the charity either on the dale of approval of this report or during the reporting period The Charity is registered with the Charity Commission under number 235958 and with the Regulator of Social Housing (Homes England) under number A1286, OBJECTIVES AND ACTIVITIES Objectives and alms The Charity was sel up.. i. To provide accommodation lalmshousesl for poor persons of good character I'the almspeople'l and lo ulilise the income lo defray the costs of maintaining such accommodation and for the benefit of the almspeople of the Charity or any of them as the Trustees should from lime to time think fit. ii. To make payment lo pensioners. Objective for the Y8ar To provide warm, comfortable and safe housing for almspeople and lo undertake such works as might be necessary lo improve the quality of residence for the almspeople. Aims i. To meet the objects of the Charity responsibly and lo run the charity in a way that carries out ils purpose for the public benefit. ii. To ensure that all the dwellings comply with the Decent Homes Standards and lo provide affordable accommodation for eligible persons. iii. To appoint persons, being of good character, whose quality of life would be signifi'cantly improved by being appointed as an in-house pensioner lalmspersonl and who are likely lo fi't in with the profile of and be compatible with fellow pensioners. Page 1
THE HOSPITAL OF ST THOMAS THE APOSTLE IN DONCASTER R8POrt of the Trust• for the Year Endèd 31 December 2024 OBJECTIVES AND ACTIVITIES Slgnificant actlvltles The charity runs 15 one bedroom bungalows. 6 are situated at st Thomas, Court, Sloops Lane, Bessacarr, Doncaster whilst the other 9 are situated al Goodison Boulevard, Canlley Eslale, Doncaster. Last year a Quinquennial Review, lo the Almshouse As$ocialion Specificationslmanagemenl Standards, w8$ carried out by the LHL Group, Property and Construction Consultants, in respect of all housing stock owned by the trustees. At the end of the year all 15 bungalows were occupied in respect of all the dwellings provided by this Charity. The Trustees will continue their programme of cyclical repairs and, where appropriate, modernisalion of features that have become outdated or obsolete. As in previous years the Trustees continued to fully ulilise the facility of having a pemianenl presence on sile al No. 36 Goodison Boulevard. This continues lo prove an excellent means of keeping in contact with the almspersons and gaining a beller understanding of the needs of the in-house pensioners and the way in which the almshouses could be enhanced to the benefit of the almspersons. During 2024 regular repairs and maintenance We carried out, when necessary, on all the housing stock. In respect of all works undertaken the trustees have had regard lo the 'carbon foolprinl. resultant from such works. Public benefit Al all times the Iruslees, within the structure of ils objects, have been mindful of their responsibility lo run the charity in a way that carries out ils charitable purpose and to extend that Il may provide public benefit. Al all limes the trustees have sought lo.. make decisions to ensure that ils charitable purpose provides benefit in all decisions to identify risks of harm, minimising the risk$ and making sure that any harm that mlghl arise is 8 minor consequence of carrying out the purpose make decisions about who benefits in a way that is consistent with its charitable purpose make sure that any personal benefits any person receives Ihaving regard both to his nature and lo ils amount) are no more than 8 necessary result or by-product of carrying out the purpose. Grantmaking It is not the policy of the Trustees to make grants. ACHIEVEMENT AND PERFORMANCE Charltablg actlvities All of the almshouses have had, whenever required, essential works of maintenance carried out lo them and this, together with the warden call systems provided on an ex-gralia basis for the benefit of residents at both Goodison Boulevard and Sl Thomas, Court, along with positive input from the residents causes the Trustees lo believe that they have mel their objective lo provide warm, comfortable and safe housing for almspeople. Page 2
THE HOSPITAL OF STTHOMAS THE APOSTLE IN DONCASTER Raport of the Trustses for the Year Endod 31 December 2024 FINANCIAL REVIEW Financial posltlon The surplus for the year ending 31st December 2024 amounted lo £66,422, compared to a surplus of £42,690 in the previous year. This significant increase is the result of several conlribuling factors.. an additional £3,775 in income from housing activities following a rent increase on the 4th April 2024., a £2,179 rise in investment income,. an £8,097 reduction in expenditure, primarily due lo legal expenses incurred in the previous year related lo the Quinquennial review., and a positive increase of £9,681 in the revaluation of inveslments12024.26,584.' 2023.. £1 6,9031. There were no donations received in 2024. The Balance Sheet shows an increase in reserves from £1,293.704 10 £1,360,126, refle¢ling the surplus for the year. This is represented by an increase in unrestricted funds of £67,811 and a decrease in reslricled funds, amounting to the depreciation of the social housing grant element of housing properties, of £1,389. Investments al market value increased by £54,658 during the year. This includes additions of £850 from Cash at bank, accumulated dividends lolalling £27,224, and revaluation gains amounting lo £26,584. Investment pollcy and objectives The Charity's Cyclical Maintenance Fund, Extraordinary Repairs Fund and Endowment Fund are invested in low risk investments managed by professional managers on behalf of the M&G Charity Mulli Asset Fund, COIF Charities Investment Fund, BLK Charities UK Bond Fund and Charisoo Common Investment Fund. Reserves pollcy The Trustees hold designated funds investments tolalling in excess of £700,000. The Trustees aim lo maintain this level and, if possible, increase the same by capital and income growth that will be monitored and reviewed upon 8 regular basis. The Trustees, having regard lo the current housing climate, are satisfied that reserves are qUired for the maintenance of current housing stock and future rehablrebuild rather than new build of additional almshouses. During the year to 31st December 2024, the Trustees periodically reviewed the Designated Reserves. Whilst being ever vigilant, the trustees have no Concems 8boul the ¢harily's ability lo operate in the future Going concern The Board has reasonable expectation that the charity has adequate resource$ lo continue operations for the foreseeable future. For this reason, the going concern basis ha5 continued lo be used in preparing the financial statements. FUTURE PLANS The Trustees continue lo closely monitor their investments. The Trustees intend to maintain the present housing stock lo a high standard and enhance the same, whenever possible, within the slruclural limitations imposed by the basic construction of the dwellings. To be ever vigilant to the needs of the almspersons and pensioners. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. Charity constitutlon The charity is governed by the scheme of the Charity Commission dated 28th May 1964 and varied by schemes dated 23rd December 1968, 05 January 1988, and 03 February 1995 as amended on 22 NovenTrber 2023. Page 3
THE HOSPITAL OF ST THOMAS THE APOSTLE IN DONCASTER Report of the Trust•tr$ for the Year Ended 31 Dernber 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Charity constitution The Charity's registered number with the Charity Commission 1$ 235958. The Charity's registered number with the Regulator of Soci81 Housing, is A1286. Recruitment and appolntment of new trustees The Trust Deed provides that the body of Trustees, including ex-officio Trustees, should consist of seven competent persons. The Vicar of Doncaster Minster and the Civic Mayor of Doncaster are ex-officio Trustees whilst the remaining Trustees are persons residing or carrying on busines$ in or near Doncaster and are recruited with the aim of havin9 a Board of Trustees with a range ol relevant skills and experience. New Trustees are inducted by the Board but are able to attend courses run by the Almshouse Association and others. No trustee receives any benefits from their appointment. Organlsational structure The Board of Trustees mel 4 limes in 2024 to determine strategy and policy and is serviced by the Clerk to the Charity. The Clerk to the Charity oversees the day-to4ay operations al the Almshouses. The Clerk receives an annual Stipend by way of remuneration for his work done for the Charity. The benchmark for such remuneration involves consideration of remuneration of others with similar experienee and responsibilities linked to the lime expended by the Clerk on trust aclivilies, volume of work involved and achievement. Decision making The Trustees acknowledge their responsibility for the Charity's system of internal controls, including internal fi'nancial controls. The system of controls covers governance. strategy and finance, relating to the safeguarding of assets, the maintenance of proper accounting records and the reliability of financial information used both within the organisalion and for public81ion. The systems established and maintained can provide reasonable bul not absolute assurance against material misslalemenl or loss. The Trustees give consideration to the major risks to which the charity is exposed and have reviewed the established systems and procedures to manage these risks. It has been agreed that the Trustees will annually review these risks. Risk management The Iruslees have a duty to identify and review the risks lo which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 235958 Principal address 36 Goodison Boulevard Cantley Estate Doncaster DN4 6BX Tw5toes Janet Howarth Peter Horrocks Wood Sally Elizabeth Ullley Peter Anthony Wrigglesworlh Michael Harry Hardy (resigned 1.2.251 Martin Wilmott lappoinled 1.2.251 Page 4
THE HOSPITAL OF ST THOMAS THE APOSTLE IN DONCASTER Report of the Trustèes for the Year End•d 31 December 2024 REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner James Holland-Leader FCA Knox Cropper LLP Chartered Accountants 65 Leadenhall Street London EC3A 2AD ExffICi0 Trustees Revd Canon D Stevens Vacant Appointment Vicar of Doncaster Minster until 04 Feb 2024 Vicar of Doncaster Minster from 04 Feb 2024 Cllr D. Anderson Cllr J. Grace Civic Mayor of Doncaster up lo 17 May 2024 Civic Mayor of Doncaster from 17 May 2024 Clerk to the Trustees Mr N M Lumley Bankers Natwest PLC Doncaster Branch 12 High Street Doncaster DN1 1 EJ Page 5
THE HOSPITAL OF ST THOMAS THE APOSTLE IN DONCASTER Report of the Trustees for the Year Endèd 31 December 2024 VALUE FOR MONEY IVFM} Each year the Charity uses a range of data lo measure VFM progress against the housing sector. The results help influence investment decisions and provide the regulators and other stakeholders with information on the progress of the Charity, whilst also ensuring compliance with the regulatory VFM standard. The metrics have been compared to the Acuity smaller providers 2023124 results. A¢uity Scorecard Metric New supply delivered 2024 0% 2023 00 Commentary The Charity h8$ 15 Almshouses in management, with no new supply of social housing or new supply of non-social housing. This metric indicates the exlenl lo which the Charity's properties are funded by loans. This negative calculation reflects the fact that the Charity has no borrowings. The Charity has no borrowings and therefore no interest in the year. This metric measures the economy and efficiency of the Charity. The lower the amount, the more economic and efficient the Charity is. The Charity remains significantly below the sector benchmark reflecting the careful stewardship of resources, operational efficiency, and commitment lo providing affordable, sustainable housing for its residents. The cost per unil increase in the year reflects a modest rise of just 1.5 /0, despite broader inflationary pressures across the sector. These metrics measure the overall profilabilily of the Charity, excluding exception81 items. The Charity's overall operating and social housing margins continue lo be well above the industry. These results demonslrale the Almshouse's strong Commitment lo value for money, with both overall and segmenl-specific margins indicating sound financial management, effective cost control, and a clear focus on delivering high-qualily services in a sustainable manner. Gearing 118.24lQ 117.82IO/o 16,1¢ EBITDA MRI NIA NIA 2180 Social Housing Cost Per Unil £2,021 £1,992 £5,720 Operating Marginoverall 45.86% 16.060/0 Social Housing Lettings only 40.56'1o Page 6
THE HOSPITAL OF ST THOMAS THE APOSTLE IN DONCASTER Report of tho Tru¥teg8 for the Year Ended 31 December 2024 ROCE 1.99/0 2.64Q The Charity has minimal liabilities with a positive operating surplus in the year. The increase in the year reflect$ increased efficiency in the use of capital lo deliver charitable objectives and generate value for beneficiaries. Notably, the 2024 ROCE exceeds the sector scorecard benchmark positioning the Almshouse above average in terms of capital performance. This indicates that the organisation is using ils resources effectively to deliver both social impact and financial sust8inabilily. Higher investment ratio in the year indicates the Charity is priorilising the upkeep and improvements compared lo previous year Reinveslmenl 4.580 2.22 /0 These key performance indicators reflect the results for the year ended 31 sl December 2024 in comparison lo industry standard, demonslraling strong reserves, no borrowings, and the ability lo meet its charitable objectives, largely due to focusing on delivering highl standard accommodation to residents. Approved by order of the board of Iruslees on 12 May 2025 and signed on ils behalf by.. Peter Anthony Wrigglesworth - Trustee Page 7
Independ•nt Examiner's Report to the Trustees of The Hospital of St Thomas the Apostle in Doncaster Independent examiner's report to the trustoes of The Ho$pital of St Thomas the Apostle in Doncaster I report to the charity trustees on my examination of the accounts of The Hospital of St Thomas the Apostle in Doncaster (the Trust) for the year ended 31 DeTrmber 2024. This report is made to the Trustees, as a body, in accordance with the terms of my engagement. Our work has been undertaken so that we might carry out an Independent Examination of the financial statements in accordance with the Gener81 Directions given by the Charity Commissioners. To the fullest extent permitted by law, we do not accept or assume respon$ibility lo anyone other than the Charity and the Charity's Trustees, as a body, for our work or for this report. Responsibilitles and basis of report As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111'the Act'l. Having satisfied myself that the 8ccounts of the Charity are not required to be audited under Section 136131 of the Housing and Regeneration Act 2008. an independent examination has been carried out. I report in respect of my examination of the Trusvs accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 14515llbl of the Act. Indepondent examinerfs statement I have completed my examination. I confirm that no material mallers have come lo my allenlion in connection with the examination giving me cause lo believe that in any material respect.. 1. aecounting records were not kept in respect of the Trust as required by section 130 of the Act., or section 13512llal 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 concerning the form and content of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination lo which allenlion should be drawn in this report in order lo enable a proper understanding of the accounts to be reached. James Holland-Leader FCA Knox Cropper LLP Chartered Accounlanls 65 Leadenhall Street London EC3A 2AD 12 May 2025 Page 8
THE HOSPITAL OF ST THOMAS THE APOSTLE IN DONCASTER statement of Financial Actlvltles for the Year Ended 31 December 2024 2024 Total funds 2023 Tot81 funds Unreslricled funds RestTiCted fund Endowment fund Notes INCOME AND ENDOWMENTS FROM Charltable activities Housing Activities 63,735 63,735 59.960 Investment income 30,019 27,840 Total 93,754 87,800 EXPENDITURE ON Charitable activltles Housing Activities S2,527 1,389 53.916 82,013 Net gains on investments 26,584 16,903 NET INCOMEIIEXPENDITUREI 67,811 11.3891 66,422 42,690 RECONCILIATION OF FUNDS Total funds brought forward 1,143,547 74,283 75,874 1,293,704 1,251.014 TOTAL FUNDS CARRIED FORWARD 1.211358 1360,126 1,293,704 CONTINUING OPERATIONS All income and expenditure has arisen from continuing activities. The notes lomi part of these financial stat6rnents Page g
THE HOSPITAL OF ST THOMAS THE APOSTLE IN DONCASTER Balance Sheet 31 December 2024 2024 Total funds 2023 Total ILJnds Unrestricted funds Restricted fund Endowrllenl fund Notes FIXED ASSETS Tangible assets Investments 11 12 342,850 781079 72,894 75.874 491,618 781079 484,336 726,421 1,123,929 72,894 75,874 1,272,697 1,210,757 CURRENT ASSETS Debtors Cash at bank 13 1,918 89,604 1,918 89,604 1.401 86,253 91.522 91,522 87,654 CREDITORS Amounts falling due within one year 14 (4,0931 14,0931 14,7071 NET CURRENT ASSETS 87,429 87,429 82,947 TOTAL ASSETS LESS CURRENT LIABILITIES 1,211,358 72.894 75,874 1,360,126 1,293.704 NET ASSETS 1.211358 72,894 75,874 1.360 126 1,293,704 FUNDS Unrestricted fvnds Restricted funds Endowment funds 15 1,211.358 72.894 75.874 1,143,547 74,283 75,874 TOTAL FUNDS 1,360,126 1293,704 The fi'nancial statements were approved by the Board of Trustees and aulhorised for issue on 12 May 2025 and were signed on its behalf by.. Peter Anthony Wrigglesworlh - Trustee Peter H ock$ Wood - Trustee The notes form part of these finanaal slalements Page 10
THE HOSPITAL OF ST THOMAS THE APOSTLE IN DONCASTER Notes to th• Financial Statements for thè Yèar Ended 31 December 2024 ACCOUNTING POLICIES Basis of preparing the flnancial statements The financial statements of the charity, which is a publie benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounling and Reporting by Charities., Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial ReFX)rting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charitie$ Act 2011. The accounts comply with the Charities Act 2011, the Housing and Regeneration Act 2008 and the Accounting Direction for Private Registered Providers of Social Housing in England 2019. The fi'nancial statements have been ppared under the historical Gosl convention, with the exception of investments which are included al market value, as modified by the revaluation of certain assets. The financial statements are presented in sterling, which is the functional currency of the Charity and are rounded lo the nearest pound. The accounts have been prepared lo give a 'true and fair view. and have departed from the Charities {Accounls and Reports) Regulations 2008 only lo the exlenl required to provide a 'true and fair view,. This departure involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 issued on 16th July 2014 rather than the Accounting and Reporting by Charities Ststement of Recommended Practice effects've from 1st April 2005 which has since been withdrawn. Golng concern The financial statements have been prepared on a going Conrn basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from aulhorising these financial stalemenls. The budgeted income and expenditure is sufficient with the level of reserves for the Charity to be able lo continue as a going concern. Critlcal accounting judgements and key sources of estimation uncertainty The following are the critical judgements and key sources of eslimalion uncertainty that the Board has made in the process of applying the charity's accounting policies and that have the most significant effect on the amounts reCOgnSed in the financial slatemenls.. Idenlificalion of housing property components The charity accounts for ils expenditure on housing properties using component accounting. Under component accounting, the housing property is divided into those major components which are considered lo have subslanlially different useful economic lives. Judgement is used in allocating property costs between components Iland, slruclure, kitchens, bathrooms etcl and in determining the useful economic lives of each component. Housing property depreciation is calculated on a component by component basi5. The idenlificalion of such components is a matter of judgement and may have a material impact on the depreciation charge. The components selected are those which reflect how the major repairs lo the property are managed. Income All income is recognised once the Charity has entitlement lo the income, il is probable that the income will be received and the amount of income receivable can be measured reliably. Income from housing represents housing contributions from weekly maintenance charges from residents. No amount is included in the financial slalemenls for volunteer lime in line with the SORP IFRS 1021. Page11 continued.,.
THE HOSPITAL OF ST THOMAS THE APOSTLE IN DONCASTER Notès to the Financlal Ststements - contlnu&d for the Year Ended 31 December 2024 ACCOUNTING POLICIES - continued Income Investment income is earned through holding assets for investment purposes such as shares. 11 included dividends and interest. Vvhere il is not practical to identify investment management costs incurred within a scheme with reasonable accuracy the investment income is reported nel of these costs. 11 is included when the amount Can be measured reliably. Interest income is recognised using the effective interest method and dividend income is recognised as the Charity's right to receive payment is established. Social Housing Capital grants are recognised only when receivable, or in the period in which a scheme is completed and where the amount of the grant has been determined. Grants are reflected in the restricted Housing Propety Fund with depreciation on grant funded assets reducing this fund. Expendlture Liabilities are recognised as expenditure as soon as there 1$ a legal or conslruclive obligation committing the charity lo that expenditure, it is probable that a transfer of economic benefits will be required in selllement and the amount of the obligation can be measured reliably. Expenojilure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs Cannot be directly allribuled to particular headings they have been allocated to activities on a basis corisistenl with the use of resources. Tangible flxed assets Housing properties The Almshouses al Goodison Boulevard, Cantley, Doncaster, were constructed in 1964. The Housing Properties cost includes improvements carried out in 1986 which were funded by Housing Corporation Grant and a mortgage 108n from Housing Corporation secured by a charge on housing, land and buildings. Housing properties are slated al depreciated cost. The cost of completed housing properties is depreciated over the life of the properties. Properties are accounted for on a component cost basis with each component being depreciated over ils eslimaled economic life. The principal components identified and the depreciation rate applied to each component are sel out below.. Fabric Roof Electrics Windows and doors Bathrooms Mechanical systems Kitchens Boilers Years 100 70 40 30 30 30 20 15 Furniture, Fittings and Equipment Depreciation on Furniture. Fillings and Equipment has been provided in order lo write off the cost over its expected useful life on a slraighl line basis. The rate used for this purpose is 100/0. Taxation The charity is exempl from tax on ils charitable aclivilies. Fund accounting Unreslricled funds can be used in accordance with the charitable objectives at the discretion of the Iruslees. Page 12 onlinued,..
THE HOSPITAL OF ST THOMAS THE APOSTLE IN DONCASTER Notès to the Financlal Statements- contSnued for the Year Ended 31 December 2024 ACCOUNTING POLICIES- continued Fund accountlng Reslricled funds can only be used for particular restricted purposes within the objects of the charity. Reslriclions arise when specified by the donor or when funds are raised for particular reslricled purposes. Further explanation of the nature and purpose of each fund is included in the notes lo the financial sl8temenls. Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade di$¢ounts due. Cash at bank and in hand Cash al bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the dale of acquisition or opening of the deposit or similar account. Creditors and provlsions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will prob8bly result in the transfer of funds to a third party and the amount due lo sellle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Financial instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial inslrumenls. Basic financial instruments are initially recognised al transaction value and subsequently measured at their selllemenl value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. INVESTMENT INCOME 2024 2023 Investment income Deposit account interest 29,425 594 27,410 430 27,840 Pago 13 continued...
THE HOSPITAL OF STTHOMAS THE APOSTLE IN DONCASTER Notes to the Financlal Statèments - contlnued for thè Year Ended 31 D8¢ember 2024 INCOME FROM CHARITABLE ACTIVITIES 2024 2023 Gross maintenance contributions from residents Losses from voids 64,285 5501 61,360 1,4001 59,960 CHARITABLE ACTIVITIES COSTS Direct Costs (see note 51 Support cos15 (see note 61 Tol8ls Housing Activities 37.884 16.032 53,916 DIRECT COSTS OF CHARITABLE ACTIVITIES 2024 2023 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 2,072 2,035 1,279 7,752 3.592 2,600 480 2,184 2,217 1,108 7,549 3,215 2,393 480 3,249 15,754 2,039 16,800 1,274 40,188 SUPPORT COSTS Governance costs Management Totals Housing Activities 13.462 16,032 Page 14 continued...
THE HOSPITAL OF ST THOMAS THE APOSTLE IN DONCASTER Notes to the Financial Statemènts- continued for the Year Ended 31 D•¢èmber 2024 SUPPORT COSTS- contlnued Support costs, included in the above, are as follows.. 2024 2023 Total activities Housing Activities Clerk's fees Charity protection insurance Postage, stationery, advertising and telephone Sundries Subscriptions Independent Examination Legal costs Training 11,000 408 10,500 408 628 336 1,090 2,334 357 2,542 918 2,220 4,800 80 236 21,825 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023. Trustees. expensgs There were no trustees, expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds Restricted fund Endowment fund Total funds INCOME AND ENDOWMENTS FROM Charitable actlvities Housing Activities 59,960 59,960 Investment income 27,840 Total 87,800 87,800 EXPENDITURE ON Charitable activitles Housing Activities 1,389 62,013 Nel gains on investments 16.903 NET INCOMEI{EXPENDITUREI 44,079 {1,3891 42,690 RECONCILIATION OF FUNDS Total funds brought foNard 1,099,468 75,672 75,874 1,251,014 Page 15 continued...
THE HOSPITAL OF ST THOMAS THE APOSTLE IN DONCASTER Notes to the Flnancial Ststements . contlnued for the Year Ended 31 December 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- continued Unrestricted Restri¢ted Endowment funds fund fund Total funds TOTAL FUNDS CARRIED FORWARD 1,143,547 74,283 75,874 1,293,704 SOCIAL HOUSING ACTIVITIES 2024 2023 Turnover from Social Housing Operating costs of Social Housing 63,735 53 9161 59,960 57,5761 Operating surplus and surplus on Social Housing activities 9.819 2,384 10. SOCIAL HOUSING GRANT The totsl historical Social Housing Grant received for The Hospital of St Thom8$ the Apostle in Doncaster as at 31st December 2024 amounted to £126,17012023'. £126,170). The full Capital Grant would only become rep8yable if the Almshouses were disposed of and the grant was not re¢ycled. Historical aggregate amount historically received 126,170 Released historically lo Stslemenl of Financial Activities 1126,1701 Social Housing Grant Carrying foard Page 16 continued...
THE HOSPITAL OF ST THOMAS THE APOSTLE IN DONCASTER Notes to the Financlal Stat•mant#- continued for the Year Ended 310èc8rnber 2024 11. TANGIBLE FIXED ASSETS Fixtures and fittings Housing properties Tota18 COST Al 1 January 2024 Additions Disposals 710.487 25.356 8,800 719,287 25,356 2,8321 Al 31 December 2024 733,011 741811 DEPRECIATION Al 1 January 2024 Charge for year Eliminated on disposal 226.545 16,756 1.5581 8,406 44 234,951 16,800 1,558 At 31 December 2024 241,743 8.450 250 193 NET BOOK VALUE At 31 December 2024 491268 350 491.618 At 31 December 2023 483,942 484,336 12. FIXED ASSET INVESTMENTS Listed investments MARKET VALUE At 1 January 2024 Additions Revaluations 726,421 28,074 Al 31 December 2024 781,079 NET BOOK VALUE Al 31 December 2024 781.079 At 31 December 2023 726,421 There were no investment asset$ outside the UK. Cost or valuation al 31 December 2024 is represented by.. Llsted investments Valuation in 2024 781,079 Page 17 continued...
THE HOSPITAL OF ST THOMAS THE APOSTLE IN DONCASTER Notes to the Financial Statèments . continued for tha Year Ended 31 Dec•mb8r 2024 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Contributions in arrear5 Prepayments and accrued income 425 1,401 1,918 1,401 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors Other creditors 290 4,417 4.093 4,707 15. MOVEMENT IN FUNDS N$1 movfymenl in funds Transfers between funds At 31.12.24 A11.1.24 Unrestrlcted funds General fund Property fund Extraordinary Repairs fund Cyclical Repairs & Maintenance fund Investment revaluation fund 87,945 259,476 499,931 6,141 5,226 18,791 17,147 62 18SOI 92,321 278,267 517,928 6,203 316,639 850 1,143.547 67.811 Restricted funds Housing Propety fund 1,211,358 74,283 (1,3891 72,894 Endowment funds Endowment fund 75,874 75,874 TOTAL FUNDS 1293,704 66.422 1.360 126 Page 18 ¢onlinued...
THE HOSPITAL OF ST THOMAS THE APOSTLE IN DONCASTER Notes to tho Financial Statements - ¢ontinued for the Year Ended 31 Decembèr 2024 15. MOVEMENT IN FUNDS- ¢ontinuod Nel movement in funds, included in the above are as follows.. Incoming resources Resources expended Gains and losses Movement in funds UnTrstricted funds General fund Property fund Extraordinary Repairs fund Cyclical Repairs & Maintenance fund Investment rev8luation fund 66,468 10,076 17,147 62 {61,2421 8,715 5.226 18,791 17,147 62 26,584 93,754 152.5271 26.584 67,811 Restricted funds Housing Property fund 11,3891 11.389) TOTAL FUNDS 93.754 53.916) 26,584 66,422 Comparatives for movemont in funds Nel movetnent in funds Tr8nsfers between funds At 31.12.23 At1.1.23 Unrestrlcted funds General fund Property fund Extraordinary Repairs fund Cyclieal Repairs & Maintenance fund Investment revaluation fund 88,829 493,568 237,831 6,089 273,151 1341 11,257 15,901 52 16,903 18501 1245,349} 246,199 87,945 259,476 499,931 6,141 290,054 1,099,468 44,079 Restricted funds Housing Property fund 1,143,547 75,672 11,3891 74,283 Endowment funds Endowment fund 75.874 75,874 TOTAL FUNDS 1,251,014 42.690 1,293,704 Page 19 continued...
THE HOSPITAL OF ST THOMAS THE APOSTLE IN DONCASTER Notss to the Financlal Statèments- continued for the Year Ended 31 De¢ember 2024 15. MOVEMENT IN FUNDS- contlnued Comparative nel movement in funds. included in the above are as follows.. Incorning r880urces Resource8 expended Gains and losses Moverllenl in funds Unrestrlcted funds General fund Property fund Extraordinary Repairs fund Cyclical Repairs & Maintenance fund Investment revaluation fund 62,482 9,365 15,901 52 162,5161 1,892 1341 11,257 15,901 52 16,903 87,800 160,6241 16,903 Restricted funds Housing Propety fund 44,079 11,3891 11,3891 TOTAL FUNDS 87,800 62,013) 16,903 42,690 Property Fund This represents the proportion of the cost of properties which was financed by charitable donations and the Charity's own resources. In the year capilalised expenditure on housing properties, has been transferred lo this fund and depreciation has been transferred from this fund. Cyclical Malntenance Fund This fund represents amounts sel aside for cyclical maintenance to meet costs in excess of budgeted expenditure for any year, Extraordlnary Repalrs Fund This represents amounts sel aside to carry out future major repair$ lo Housing Properties. Investment Revaluatlon Reserve This represents the difference beeen the market value and cost of investments Houslng Propety Fund This represents the social housing grant received from the Housing Corporation for property improvements to the Almshouses since 1986. Depreciation on housing properties is charged to this fund over the life of the components of the building. Endowment Fund This represents the permanent endowments of the Charity, the income of which is to be applied for the general purposes and objects of the Charity. Page 20 continued...
THE HOSPITAL OF ST THOMAS THE APOSTLE IN DONCASTER Notes to the Flnanelal Statements . contlnued for the Year Endèd 31 December 2024 16. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 Dember 2024. 17. UNITS IN MANAGEMENT The Charity had 15 units in Management during the year. 12023.. 15}. There were no acquisitions or diss)osals in the year. Page 21
THE HOSPITAL OF ST THOMAS THE APOSTLE IN DONCASTER Detallèd Statgment of Financlal Aetiviti for the Year Ended 31 Decembèr 2024 2024 2023 INCOME AND ENDOWMENTS Investment income Investment income Deposit account interest 29,425 594 27.410 430 30,019 27,840 Charltable activities Housing activities Voids 64,285 61,3eo 11,4001 63.735 59,960 Total incomlng resources 93,754 87.800 EXPENDITURE Charitable actlvities Rates and water Insurance Light and heat Repairs and maintenance Garden maintenance Warden call system Christmas gifts Bad Debt Depreciation of housing properties Fixtures and fittings Loss on disposal of housing components 2,072 2,035 1,279 7,752 3,592 2,600 480 2,184 2,217 1.108 7,549 3,215 2,393 480 3,249 15,710 44 2,039 16,756 1,274 37.884 40,188 Support costs Managemgnt Clerk's fees Charity protection insurance Postage, stationery, advertising and telephone Sundries Subscriptions 11,000 408 10,500 4Q8 628 336 1,090 357 2,542 918 13.462 14,725 Governance costs Independent Examination Carried forward 2,334 2,334 2,220 2,220 This page does not form part of the statutory financial statements Page 22
THE HOSPITAL OF STTHOMAS THE APOSTLE IN DONCASTER Detailed Statement of Flnancial Activities for the Year Ended 31 Dècember 2024 2024 2023 Governance co$ts Brought forward Legal costs Training 2.334 2,220 4,800 80 236 2,570 7,100 Total resources expended 53,916 62,013 Net Income 39.838 25,787 This page does not fom part of the stalulory financlal statements Page 23