ST PETER'S HOSTEL FOR MEN
Re￿stered Charity No: 236595
31 May 2024

ST PETER'S HOSTEL FOR MEN
REPORT AND FINANCIAL STATEMENtS 31 MAY 2024
coNrENrs
Page
Trustees and Advisors
Trnstees, Report
215
Report of the Independent Examiner
Statement of Finallcial Activtties
Balance Sheet
Notes to the Financial Statements Incorp)rating the Accounting Policies
9114

ST PETER'S HOSTEL FOR MEN
TRUSTEES AND PROFE&SIONAL ADVISOILS
TRUSTEES..
Fatber D C Way
G Roberts
N M Hirst
(ex-olTicio) Patisb ￿l￿$t
(ex-officio) Church Warden
(ex-officio) Church Warden
ADVISORS
B￿l￿ers.
Barclays Bank PIC
2(k21 Lemon Street
Truro
TRI 2NB
Lloyds Bank PIC
8 Royal Parade
Plymouth
PLI IHB
Account8nts:
Northcott Tnunfjeld
Devonshire Villa
52 Stuart Road
Stoke
Plymouth
PL3 4EE

ST PETER'S HOSTEL FOR MEN
TRUSTELS, REPORT
The trnstees present their annual re￿rt and financial statements of tbe charity for the year ended 31
May 2024. The financial statements have been prepared in accordance with the accounting policies
set out in note I to the accounts and comply with the charity's tnLSt deed. the Charities Act 201 l and
Accounting and ReportÉng by Charities: Statement of Recon]mended Practice applicable to chatities
preparing their accounts in accordance with the FinancAal ReFX)rttng Standard applicable in the UK and
Republic of Ireland published on 16 July 2014.
Objectives and Activities for the Public Benefit
The charity's objects aTe for the provision of a working men's hostel or for any other purpose which
benefits the work of the Cburch of England in the Parish of St Peter's.
The charity furthers its charitable Pu￿￿)S￿ for tbe pub]ic benefit through its donation policy:
Providing assistance to St Peter's Church and St Peter's Church Council for the benefit of its
parishioners.
Providing assistance to St Peter's Church of England Primary School for the benefit of the pupils.
Donation Making Pollcy
The Charity has established its donation ￿￿killg policy to achieve its objects for the pub]ic benefiL to
help the Parish of St Peter's.
Review of our Aehievements and Performan
The benefit of th¢ charity's work during the year h&$ F*en to provide support and assistance to St
Peter's Church and its work in the Parish.
Financial Review
The charity's work is entirely reliant on its investment income from its rentsl properties and
investrnents.
The charity uses the income generated by these investments. but Dot the capital.
During the the charity continued to support St Peter's Church by way of donations out of its
income.. £34,551 to St Peter's Church Council and £10,853 to St Peter's Church. Tbe charity also
gave £2.(X)O to Baby Basics Plymouth and £1.388 to St Peter's Primary Sch(K)l.
The charity made an operdling SUTplus of £49.108 during the year, wbich included £44,449 increase
ill value of listed inveslments.

ST PETER'S HOSTEL FOR MEN
TRUSTEES, REPORT COThNUED
Investment Policy and PerfornLgnce
The charity has invested in low risk investments - prot￿leS and M & G Charifund - to ensure its
capitsl is maintained for fvture generdtions. The total return of investtnents for 2024 was 6.84% (2023
7.45%).
Risk Management
The trnstees have assessed the risks to which the charity is exporf including operational and
financial risks.
In the Opinion of the trustees the charity has estab]ished resour￿ and review systems which under
nonnal Conditions should allow the risks identified to be mitigated to an acceptable level in the day to
day operations.
Reserves Policy
The trustees aitn to maintain free reserves in unrestticted funds at a level which equates to
approximately three months of unrestricted Ch￿Itable expenditure. The trustees consider that this
level will provxde sufficient fvnds to respond to applications for grants and ensure tbat support and
governance costs are covered. The balance held as unrestricted funds at 31 May 2024 was £840,527
of which £74,782 are regarded &s free reserve4 after allowing for fimds tied up in fixed asset
investtnents.
The restricted reserves at the year end wete £362.141.
Plans for the Future
The trnstees anticipate continuing to support the Church of St Peter's and its work in the Parish of St
Peter's.
Structure, Governance and Management
The St Peter's Hostel for Men was set up under trust on 21 Decernb￿ 1922 to be admÈnisfrred by the
Vicar and Church Wardens of the P￿Ish of St Peter's. Plymouth fflie Administering Trustees) for the
benefit of providing a lodging house or hostel for working men of small means with or without
payment at the discretion of the Administering Trustees. and to be used to furthei any other purpose
which in their opinion IS to benefit the work of the Church of EnglaDd in the Parish of St Peter's. In
1996 the then VIC￿ and Church Wardens fill)d w&$ mCOTporated into the hostel's accounts as both
accounts were being used for very similar purpo￿.
The trust does not actively fund raise and seeks to continue its charitable work through the carefi
stewardship of ils existing resources.
The knstees meet on a regular b&sis to discuss the needs of the Parish and how the trnst may help fulfil
its objectives.

ST PETER'S HOSTEL FOR MEN
TRUSTEES, REPORT CONfINUED
Key management personnel remunerntion
The trnstees consider the board of trustees as comprising the key management ￿rSOnnel of the ch8Tity
in charge of directing and controlling the CTr￿1ty and running and operating the chatity on a day to day
basis. All trustees give of their time freely and no trustee remuneration was paid in the year. Details
of trustee expenses and related party transactions are disclosed in note 2 to tbe accounts.
Trustees are required to disclose all relevant interests and then register them with the board and in
accordance with the TrLLSt's wlicy withdraw from decisions where a collfiict of interest arises.
Reference and administrative inforn￿tiOn
Father D C Way
G Roberts
N M Hirst
(ex-officio) Parish Priest
(ex-officio) Church Warden
(ex-officio) Church Warden
Principal Office
23 Wyndham Square, Plymout￿ PLI SEG.
Charity Number: 236595
Independent Examiner
Northcott Trumfield. Devonshire Villffj 52 Stuart Roa4 Stoke. Plymouth, PL3 4EE
Bankers
Barclays Bank Plc, 20-21 Lemon Street, Tn￿0, TRI 2NB
Lloyds Bank Pk, 8 Royal Parade. Plymoutl PLI IHB

ST PETER'S HOSTEL FORMEN
TRUSTELS, REPORT coiwfiNUED
Trttstte5' Responsibilities in Relation to the Financial Statements
The charity trustees ate responsible for preparing a tr￿ste¢s, annual report and financial statem¢nts in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom
Generally Accepted Accounting Practice).
The law applicable to charities in England ard Wales requi￿ the charity trustees to prepare financial
statements for each year which give a ttue and fair view of the state of affairs of the charity and of the
incoming resources and application of resources. of the charity for that p￿[0d. In prepaTing the
financial statements, tbe trnstees are required to:
select suitable accounting pobcies and apply them CODSiStently;
observe the methods and ￿1￿CiPleS in the applicable Chatities SORP.
make judgements and estimates that are reasonable and pTh￿n
state whether applicable accounting standards have been followed. subject to any material
departures disclosed and explained in tbe financial statements.
prepare the financial statements on the going concern basis unless It is inappropriate to Presume
that the charity will continue in business.
The trustees are responsible for keeping proper accounting records and disclose with reasonable
accuracy at any time the financial position of the cP￿rIty and to enable them to ensure that the financial
statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports)
Regulations. and the provision of the Ttust deed. They are also responsible for safeguarding tlje assets
of the ch￿lty alld taking reasonable steps for the prevention and detection of fraud and other
irregulaTities.
The trustees are responsible for the maintenance and integrity of the chatity and fmancial information
included on the charity's website. Legislation in the United Kingdom governing the preparation and
dissemination of financial statements may differ fro￿ legislation in other jurisdictions.
Approved by the Trustees on
l Tri 2025 and signed on their behalf by:

ST PETER'S HOSTEL FOR MEIY
INDEPENDE￿ EXAMINER'S REPORT
TO THE TRUSTEES OF ST PETER'S HOSTEL FOR MEN
I report Èo the charity trustees on my examination of the accounts of the chatity for the year ended 31
May 2024 which 8re set out on pages 7 to 14.
RespoDsibilities and basis of report
As the chartty's ttijstees you are respotL8ible for the preparation of th¢ accounts in accordance with the
requirements of the Clwiti&s Act 2011 ('th¢ Act,).
I report in respect of my examination of the charity's acwunts carried out under section 145 of the Act
and in carrying out my examination I have followed all the applicable Directions given by the Charity
Commission under section 145(5)(b) of the ACL
Independent exami￿,$ sthtement
I have completed my examination. I confirnl that no material matters have come to my attention in
connection with the eKamination giving me cause to believe that in any material respect:
accounting records were not kept in respect of the charity as required by seciion 130 of the Act.
the accounts do not accord with those records: or
the accounts do not comply with the applicable requirements concerning the forni and content
of accounts set out in the Charities (Accounts and Rewrts) Regulations 2008 other than any
requirement that the accounts give a 'tnk and fair view, which is not a matter considered as
part of an independent exan)ination.
I have no Concerns and have come across no other matters in connection with the exaTnination to
which attention should be drawn in this ￿port in order to enable a pmper understanding of the
accounts to be reached.
Devonsbire Villa
52 Stuart Road
Stoke
Plymouth
PL3 4EE
Chartered Accountant
Date:
10 IJLs

ST PETER'S HOSTEL FOR MEN
STATEMEKf OF FINANCIAL AcriviriES
YEAR ENDED 31 MAY 2024
Note Unrestricted Restricted
Funds
Funds
Total
Funds
2024
Total
Fun(ts
2023
Incomlng resources
Income from:
Donations
19.556
Investsnent income
47,313
28.611
75,924
79,386
Total income
28.611
Resources expended
Expenditure on:
Raising funds
7.799
2.692
10,491
6.922
Charitable activities
7.676
7,676
7.564
Donations and grants
19,141
29.651
48,792
47,559
Support Costs
2.689
1.617
4,306
4.241
Totgl expenditure
37.305
33.960
71.265
66,286
Net incomeJ(expenditure) before
investments gainsloows)
10.(K18
(5.349)
4,659
32,650
Transfer between funds
1,139)
8.869
19,747
1.139
(4,210)
4.659
44.449
32,656
111,085
Net Gains/(losses) on investments
Net Movement in funds
28.616
20,492
49.108
143.741
Reconciliation of funds:
Total funds bmught forward
811911
341.649 1,153,560
1,009.819
Tot￿ funds cgrried fonvard
840.527
362.141 1,202,668
1153,560

ST PETER'S HOSTEL FOR MEN
BALANCE SHEET
AS AT 31 MAY 2024
Unrestricted Restricted
Funds
Funds
Total
Funds
2(r24
Total
Funds
2023
Note
Flxed &￿ts
Investsnents
765.745
343,687 1.109.432
I,0￿,983
TO￿ r￿ed awts
765.745
343,687 1.109.432
1,064,983
Current ￿ets
Debtors
Cash at bank and in hand
2,750
93,108
78.198
22.339
l(X),537
Total current a&8ets
78,198
22.339
IlJ).537
95,858
Creditors." amounts falling due within
one year
(3.416)
(3,885)
(7,301)
(7.281)
Net eurreDt wets
74.782
18,454
93.236
88.577
Total net assets
840.527
362,141 1,202.668
1,153,560
Funds of the charlty
Restricted illcome fl￿d5
Unrestricted incorne ￿ndS
362.141
362,141
840527
341.649
811.911
840527
TotAI charity funds
840,527
362.141 1.202,668
1.153,560
The f￿anCIal statements were apwoved by the T￿￿teeS and signed on their behalf by:
Date:
The notes at pages 9 to 14 forni part of these financial statements

ST PETER'S HOSTEL FOR MEN
N(yfES TO THE FINANCIAL STATEMENrs
Year Ended 31 May 2024
Accounting Policies
(a)
B&sis of preparation
The accounts (fir￿iCIal statements) have been ptepared under the historical Cost convention
with items recognised at cost or transaction value unle&g otherwise stated in the relevant note(s)
to these accounts. The financial statements have been prepated in accordallce with the
Statement of Recommended Practice: Accounting and Reporting by Charities preparing their
accounts in accordance with the Financial Reporting SLqndard applicable in the UK and
Republic of Ireland (FRS Iir2) issued on 16 July 2014 and the Financial Reporting StaJ]dard
applicable in the United Kingdom and Republic of Ireland (FRS 102) and with the Charities
Act 2011.
The tsust constitutes a public benefit entity as defined by FRS 102.
Going concern
The trustees consider that there aR no material uncertainties about the Trust's ability to
continue as a going concern.
(b) Funds structure
General resources are unrestricted fimds which are available for use at the discretion of the
txustees in the fLfftheraDce of the general objectives of the cbarity and which have not been
designated for other putposes.
Restricted fimds are available to be used in acconknce with the restrictions imposed on the
original donatio1￿gIft.

ST PETER'S HOSTEL FOR MEN
NOTES TO THE FINANCIAL STATEMENrs
Year Ended 31 May 2024
(c)
Income recognition
All incotne is recognised once the charity has entitlement to the income. there is sufficient
certainty or receipt and so it is probable that the illco￿e will ￿ received. and the amount of
incotne receivable can be measured reliably.
Donations, are recogoised when the TTh￿[ has Eeen notified in writing of both the amount and
settlement date. Tn the event that a donation is subject to conditions that require a level of
perfonnance before the charity is entitled to the funds. the income is deferred and not
recognised until either those conditions are fijlly meL or the fu]filment of those conditions is
wholly within the control of the ch8Jity 8J]d it is probable that those conditions will be fulfilled
in the reporting peri(MJ.
Interest on funds held on deposit is included upon nOtifi￿10Th of the interest paid or payable by
the Bank. Dividends are recognised once the dividend has been declared and notification has
been received of the dividend due. This is normally u￿n notification by our investment
advisor of the dividend yield of the investment porttolto.
(d) Expenditure recognition
Lkabilities are ￿cOgnised as expenditure &s soon as there is a legal or constyctive obligation
committing the charity to that expenditure, it is pmbable that settlement will be required and
the amount of the obligation can be measured ￿lIablY.
All expenditure is accounted for on an accruals basis. All expenses, including support costs
and governance costs. are allocated or apportioned to the applicable expenditure headings in
the statement of financial activities. For more inforn￿tIon on this allocation refer to note (e)
below.
Grants payable are payments made to third parties ID the furtberance of the ch&itable objects
of the TrusL In the c&se of an unconditional grant offer this is accrued once tbe recipient has
been notified of the grant avlard. Grants awards that aTr subject to the recipkent fulfilling
perforniance conditions are only accrned when the recipient Iw been notified of the grant and
any remaining unfulfiIled condition attaching to that grant IS Outside of the control of the Trust.
Provisions for grants are made when the intention to make a grant has been communicated to
the recipient but there is uncertainty &8 to the timing of the grdnt or the amount of grant
payable.
io

ST PETER'S HOSTEL FOR MEN
Year Ended 31 May 2024
(e)
Allocation of support and governance casts
Support costs have been dIffe￿lltiated between governance costs and other supw>rt costs.
Governance costs comprise all costs involving the public accountabi]ity of the charity and its
co￿pIlanCe with regulation and gmj practice.
These costs include costs related to
independent examination and legal fees together with an apportionment of overhead and
support costs relating to trustee meetings.
Governance costs and supwt costs relaling to charitsble activities have been apportioned pro
rata b&sed on the amount of the donations made. The allocation of supp)rt and governance
costs is at￿lysed in note 6.
(D
Costs of rnising fimds
The costs of generating funds consist of the expenditure on the rental properties.
(g)
Fixed asset investments
Investments are a forni of basic financial instrument and are initially ￿CogniSed at their
transaction value and subsequently measured at their fair value as at the balance sheet da
using the closing quoted market price. The statement of financial activities includes the net
gains and losses arising oll revaluation and disposals tbroughout the year.
The Trnst does not acquire put options. derivatives or other complex financial instnjments.
(h) Realised gains and lo&
All gains and losses are taken to the Statement of F￿anCIal Activities as they atise. Realised
gains and loss￿ on investments are calculated as the difference between sales proceeds and
their opening canying value or their purchase value rf acquired subsequent to the first day of
the financial year. UnTeaIised gains and losses are calculated as the difference between the fair
value at the year end and their carying value. Realised and unrethed investment gains and
losses are COEnbined in the Statement of Finallcial Activities.
Related party transactioLs and trustees, ¢ipeDses and rtmuner2tion
The trnsfres all give freely of their time and expertkse without any forni of remunerdtion or
other benefit in c&sh or kind (2023: £nil).
li

ST PETER'S HOSTEL FOR MEN
NOTES TO THE FINANCIAL STATEMENrs
Year Ended 31 May 2024
Analysis of Income
No.2
No.1
Unrestricted Restticted
Funds
FuDds
Total
2023
Fun(ts Total Funds
Donations
Donations/Ltgacies
Income from investsnents
Interest received
Dividend income
Rental and leastDg income
19,556
12
15,516
31.785
47J13
35
34.925
40.964
75.924
19,409
9,179
28,611
33,915
45,463
98,942
The restricted income in the prior year was £27,847.
Analysis of expenditure
Unrestricted Restricted
Funds
Funds
Total
2023
Funds Total Funds
Expenditure on raising funds
Propety expenses
2.692
10,491
6.922
Expenditure on charitable activities
Minibus expenses
Church activities
5.821
1,855
7,676
5,821
1,855
7.676
6,552
1.012
7.564
Donations and grants (see note 6)
47.559
Support costs
Office costs
Accountancy
Legal and professioDal
1.557
750
382
2,689
389
750
478
1.617
1,946
1,500
860
4,306
1,861
1.500
880
Total expenditure
37.305
33.960
71,265
12

ST PETER'S HOSTEL FOR MEN
NOTES TO THE FINANCIAL STATEMENTS
Year Ended 31 May 2024
Details of certain items of expenditure
2024
2023
Fees for the examination of the accounts
Independent exatnination fees
1.500
1.500
Donations and grants
Grdnts to
Institutions
Analysis of grants paid
St Peter's Church Council - to &ssist with loan repayments
St Peter's Church- for S￿£IfiC Duintenance projects/nllming costs
Baby Basic5 Plymouth
St Peter's Primary School
7.717
37.787
48.792
Fixed asset investments
Movement in fixed asset investments
Listed
Investment
Investtnents Propertias
2023
Total
Total
Market value brought forward
Gainlooss) on revaluation
Market value carried forward
573.983
491.IKJ) 1,064,983
953.898
44.449
111,085
491.LKK> 1,109.432 1.064.983
618.432
2024
2023
Investments at faiJ value com￿]sed.
Listed investsnents
Investment properti&s
618,432
573.983
491.(K)O
491.000
1.109,432 1,064,983
All investtnents are canied at their fair values.
The investment pmperti&s have tten valued by the tn]st￿.
13

ST PETER'S HOSTEL FOR MEN
NOTES TO THE FINANCIAL STATEMEpirs
Year Ended 31 May 2024
Debtors
2024
2023
Other debtors
2.750
Creditors: Ajllounts falling due within one year
2023
Other creditors
Accruals and defe￿ed income
1.959
5.342
7.301
1,952
5,329
7,281
io.
Analysis ofeharilable funds
Analysis of fund movements
Balance
B/fwd
Investment
Income Expenditure Gainsltransfers
Balance
C/fwd
St Peter's Hostel for Men -
Restricted
General reserve . Un￿$t[ICted
341.649
811.911
1.153560
28.611
47.313
75,924
(33,9fQ)
37.305
71.265
25.841
362,141
840,527
44,449 1,202,668
Ilnalysis of cbaritable fiumls . previous ye4r
Balance
Blfwd
Investment
Balance
Income Expenditu￿ Losses/transfets C/fwd
St Peter's Hostel for Men -
Restricted
General reserve- Unrestricted
376.371
633,448
1,009,819
27.847
71,095
98,942
29.283
37.(M)3
66,286
(33,286)
341.649
144.371
811911
111.085 1153.560
St Peter's Hostel for Men is a ￿trIcted fund which was set up to provide for a working men's
hostel or for any other purpose which benefits the work of the Church of England in the parish
of St Peter's.
The general reserve. an unrestricted fund, originally the Vicar and Church Wardens fund
which was incowated into the hosfrl accounts in 1996
14