ST JOHN'S HOSPITAL, WILTON
REPORT OF THE TRUSTEES AND STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024
CONTENTS
| Page | |
|---|---|
| 1. | Trustees, Officers and Advisers |
| 2. - 4. | Trustees' Report |
| 5. | Independent Examiner's Report |
| 6-7. | Statement of Financial Activities |
| 8. | Balance Sheet |
| 9. -19. | Notes to the Accounts |
| 20. - 21. | Detailed Income and Expenditure Account |
| (for Trustees' use only) |
FLETCHER & PARTNERS
CHARTERED ACCOUNTANTS
SALISBURY
Page 1
ST JOHN'S HOSPITAL, WILTON TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees present this report together with the financial statements of the Charity for the year ended 31 December 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charity's governing document, the Charities Act 2011 and 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 and the Financial Reporting Standard applicable in the UK and Republic of Ireland, FRS 102 .
TRUSTEES:
EX-OFFICIO
The Dean of Salisbury's substitute - Brigadier S Cowlam (appointed 07.12.20) Chairman from 01.01.22
The Rector of St Mary & St Nicholas Church, Wilton - Rev M Wood
NOMINATIVE - for terms of 4 years Col R Fawcus- by Wilton Parish Church PCC (re-appointed 05.11.24)
CO-OPTATIVE - for terms of 5 years Mrs V Rolfe (reappointed 01.03.24) Mrs J Finlay (appointed 20.07.22) Mrs A Ward (appointed 18.07.22) Mr R Stedman (appointed 05.11.24)
CHARITY ADDRESS: St John's Hospital, Wilton, Salisbury SP2 0JN 4, St John's Square, Wilton SP2 0DN
CLERK TO THE Brigadier N O'Connor (retired 31.05.24) Mr N S Stiven MDA (appointed 01.06.24) TRUSTEES: 4, St John's Square, Wilton SP2 0DN ADVISERS: Bankers - CAF Bank Ltd, 25 Kings Hill Ave, West Malling, Kent ME19 4JQ Solicitors - Parker Bullen, 45 Castle Street, Salisbury SP1 3SS Independent - Mrs N A Halls FCA, Fletcher & Partners, Crown Chambers, Examiners Bridge Street, Salisbury, SP1 2LZ Surveyors - The Diocesan Surveyor, Emmaus House, The Avenue, Wilton Salisbury SP2 0FG Investment - CCLA Investment Management Ltd, Adviser One Angel Lane, London EC4R 3AB REGISTERED CHARITY NUMBER: 255110 (England and Wales)
Page 2
ST JOHN'S HOSPITAL, WILTON TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2024
LEGAL STATUS
The hospital is a registered charity number 255110. It was founded many years ago and existed as the Corporation of the Prior, Brethren and Sisters of the Hospital of St John near Wilton until a Charity Commissioners' scheme was made on 21 May 1968 and supplemental orders on 23 March 1978 and 28 October 1996. The charity deregistered from the Housing Corporation as a Registered Social Landlord from 28 September 2004 and amended the charity's governing document on 6 November 2024 to remove the nominative trustee appointed by Wiltshire Council.
OBJECTS
The principal charitable object of the Charity is the provision of almshouse accommodation for needy persons resident in the District of Salisbury at the time of appointment. This is clearly for the public benefit.
ACTIVITIES
The Hospital houses residents in 19 units of accommodation in Wilton, 6 of which are in the new block built as a joint project with the College of Matrons, Salisbury in 1997.
RESERVES POLICY
The Trustees of the Charity are able to use the surplus accumulated income over expenditure on future projects, to improve the facilities and operation of the Almshouse. The Extraordinary Repair Fund (ERF) reserve of £66,799 is set aside to meet the cost of repairs and refurbishments to the almshouses identified by systematic Quinquennial Inspections. The trustees have created a Cyclical Maintenance Fund (CMF) reserve of £96,030 to meet the costs of refurbishing void properties. The general reserve at 31 December 2024 was £217,590.
INVESTMENT POLICY
The Trustees' policy is to obtain sufficient income from Monthly Maintenance Contributions ('contributions') and cash distributions from investments to help meet the costs of the Charity, and also to maintain the real value of the Charity's investments over the long-term by investing in a portfolio of equities, fixed interest stocks and cash. This is achieved by investing in a range of common investment funds for charities managed by CCLA Investment Management Ltd. The Trustees are bound by the Trustee Act 2000.
RISK MANAGEMENT
The Trustees have assessed the major risks to which the Charity is exposed and are satisfied that systems are in place to mitigate exposure to the risks. The greatest unmitigated risks are considered to be those posed by: fire, unmaintained services (gas, water and electrical supplies); fraud; and poor governance. These risks are mitigated by appropriate insurance, regular inspection and servicing of fire prevention and alarm systems; regular inspection and servicing of gas, water and electrical supplies; robust budget and financial control procedures, segregation of duties and careful recruitment of staff; and trustee training (provided by the Almshouse Association) and the introduction of a detailed and comprehensive Trustee Handbook.
ORGANISATION
The Trustees remain closely involved in the operation of the Charity. The part-time dedicated Clerk retains responsibility for administrative matters and the management of the accounts including responsibility for the collection of residents' contributions. The Clerk operates from an office situated within St John's Hospital. He also has responsibility for the payment and subsequent recovery of certain items of expenditure shared jointly with Matrons' College. The Trustees meet a minimum of three times a year. New trustees are recruited and appointed following personal recommendation by the existing Trustee body and are trained by the Chairman and the Clerk. The salaries and fees of key management personnel are set in consultation with the trustees. The charity's property is held by the Official Custodian for Charities.
TRUSTEES' RESPONSIBILITY FOR THE PREPARATION OF ACCOUNTS
The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the Charity trustees to prepare financial statements for each year which give a true 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 period. In preparing the financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
Page 3
ST JOHN'S HOSPITAL, WILTON TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
TRUSTEES' RESPONSIBILITY FOR THE PREPARATION OF ACCOUNTS (Continued)
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Charity's schemes. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.
REVIEW OF PROGRESS AND ACHIEVEMENT
The Hospital continues to provide nineteen units of accommodation for residents, in addition to a Flat reserved for the Warden. A further twelve Flats belonging to the College of Matrons share the site.
One of our ex-Officio Trustees, the Dean of Salisbury, has declined to act as an Ex-Officio Trustee of the Charity for the remainder of the period in which the Dean should hold office. The Trustees, after consultation with the declining Trustee, have appointed Brigadier S Cowlam as a Co-opted Trustee in his place in accordance with the provisions of the Principal Scheme. Our second ex-Officio Trustee, the Rector of Wilton, remained in post. On 06.11.24 the Charity amended the Charity’s Governing Document to remove the Nominative Trustee appointed by Wiltshire Council, leaving one Nominative Trustee, who remained in post throughout the year. Four Co-opted Trustees remained in post throughout the year, under the Chairmanship of Brigadier S Cowlam, and were augmented by Mr R Stedman in November 2024.
The Trustees discontinued the annual transfer of funds to the Recoupment Fund in 2023 because this fund had exceeded its target. In 2024, the Endowment Fund was repaid the mandated Recoupment target sum and the surplus funds collected were transferred to a newly established CMF. The Deposit Account was closed and the balance also transferred to the new CMF. Finally, the ERF and CMF were transferred from the COIF platform to the CBF platform.
The Resident Warden remained in post and continued to perform her role as Warden in an outstanding way. Her dedication to her role as Warden and the way in which she carried out her duties has been deeply appreciated by Trustees and Residents alike.
There were three changes of occupancy during the year. The resident of Flat 2 died in March 2024 and a current resident moved from Flat 4 into Flat 2 in August 2024, following its refurbishment. A married couple from Wilton were then appointed to Flat 4, also in August 2024, following its redecoration and refurbishment. Finally, a widow, the resident of Flat 3, moved to a care home in August 2024 and a single man from Alderbury was appointed to Flat 3 in October 2024 following its redecoration and refurbishment.
A five yearly electrical inspection, a comprehensive fire risk assessment and an asbestos survey were carried out. At the same time, routine annual gas safety inspections were completed, as were the servicing of our fire alarm system, our stair-lifts and fire extinguishers, and maintenance of the personal alarm systems.
Following the Quinquennial Inspection (QI) of November 2023, a comprehensive two-year refurbishment project was set in train, to be funded by the ERF. Further to the work recommended in the QI report, the three halls and stairwells of our oldest block of flats (1-10 St John’s Priory, built in 1985) were re-decorated, and re-lit, with a plan to re-carpet them and fit them with modern, better insulated, glazed entry-doors in 2025.
The charity’s extensive lawns, hedges and numerous trees continue to be maintained by external contractors, and we have re-negotiated our agreements with them. We have employed a part-time Janitor to maintain our network of paved footpaths and driveways, together with a pair of part-time gardeners who have transformed our communal flowerbeds.
Social activities continue under the enthusiastic leadership of the Warden, and attendance at our weekly Chapel Services have continued to pick up. Once again, our Residents have been sustained throughout by their families and friends and by the Wilton Help network. As always, the work and care provided by the Warden has been pivotal to the lives and welfare of the Residents throughout the year and both they and the Trustees owe her a huge debt of gratitude.
Page 4
ST JOHN'S HOSPITAL, WILTON TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
PUBLIC BENEFIT STATEMENT
The Trustees have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers and duties.
REVIEW OF TRANSACTIONS AND FINANCIAL POSITION
The Charity's total income for the year was £165,706 including investment income of £20,406. Expenditure was £220,599, including depreciation of £16,503. Investment fund values increased by £15,513,along with realised gains of £15,861, resulting in a deficit for the year of £23,519.
The recoupment fund was closed in the year transferring £226,000 to the permanent endowment fund being the recoupment of the funds spent on the new almshouses in 1997. The surplus in the recoupment fund was transferred to the new Cyclical Maintenance Fund, set up to meet the costs of refurbishing void properties.
At the year end the Charity had net assets of £1,469,741 including investments worth £1,043,503. The almshouses (inclusive of those with nil cost in the accounts) were insured for £6.278 million.
The Trustees consider the financial position of the Charity to be satisfactory and confirm that the financial statements comply with current statutory requirements, with the charity's governing documents and the relevant Charity SORP FRS 102. The investments held were acquired in accordance with the powers in the governing Charity Commission Schemes, and the assets held are adequate to fulfil the Charity's obligations.
Signed on behalf of the Trustees
R Fawcus
.................................................................................................. Colonel Richard Fawcus Approved by the Trustees on 24 March 2025
Page 5
ST JOHN'S HOSPITAL, WILTON
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF ST JOHN'S HOSPITAL, WILTON
I report to the trustees on my examination of the accounts of St John's Hospital, Wilton (the Charity) for the year ended 31 December 2024, which are set out on pages 6 to 19.
RESPONSIBILITIES AND BASIS OF REPORT
As the charity trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act").
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 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 2011 Act.
INDEPENDENT EXAMINER'S STATEMENT
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
(1) accounting records were not kept in respect of the Charity as required by section 130 of the Act; 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 set 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 to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed: Nicola A Halls Name: Nicola A Halls
Relevant professional qualification or membership of professional body (if any): FCA
Address: Fletcher & Partners, Crown Chambers, Bridge Street, Salisbury, SP1 2LZ
Date: 24 March 2025
Page 6
ST JOHN'S HOSPITAL, WILTON
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
| Recoupment and General Designated Endowment Total Notes Fund Funds Funds 2024 INCOME FROM Investments 2 20,406 - - 20,406 Charitable activity Provision of accommodation 3 99,764 - - 99,764 Other 4 45,536 - - 45,536 TOTAL INCOME 165,706 - - 165,706 EXPENDITURE ON Charitable activity Provision of accommodation 5 204,096 11,983 4,520 220,599 TOTAL EXPENDITURE 204,096 11,983 4,520 220,599 NET GAINS/(LOSSES) ON INVESTMENTS Realised gains/(losses) on investments 746 2,552 12,563 15,861 Unrealised gains/(losses) on investments 9 4,821 1,258 9,434 15,513 NET INCOME/(EXPENDITURE) (32,823) (8,173) 17,477 (23,519) Transfers between funds 14 28,930 95,288 (124,218) - NET MOVEMENT IN FUNDS (3,893) 87,115 (106,741) (23,519) RECONCILIATION OF FUNDS: Fund Balances at 1 January 2024 13,14,15 221,483 £ 386,814 £ 884,963 £ 1,493,260 £ Fund Balances at 31 December 2024 13,14,15 217,590 £ 473,929 £ 778,222 £ 1,469,741 £ Unrestricted Funds |
Recoupment and General Designated Endowment Fund Funds Funds 20,406 - - 99,764 - - 45,536 - - Unrestricted Funds |
Recoupment and General Designated Endowment Fund Funds Funds 20,406 - - 99,764 - - 45,536 - - Unrestricted Funds |
Recoupment and General Designated Endowment Fund Funds Funds 20,406 - - 99,764 - - 45,536 - - Unrestricted Funds |
Total 2024 20,406 99,764 45,536 |
Total 2023 18,644 97,610 32,005 |
|
|---|---|---|---|---|---|---|
| 165,706 | - | - | 165,706 | 148,259 | ||
| 204,096 | 11,983 | 4,520 | 220,599 | 183,592 | ||
| 204,096 | 11,983 | 4,520 | 220,599 | 183,592 | ||
| 746 4,821 |
2,552 1,258 |
12,563 9,434 |
15,861 15,513 |
182 102,737 |
||
| (32,823) 28,930 |
(8,173) 17,477 95,288 (124,218) |
(23,519) - |
67,586 - |
|||
| 87,115 (106,741) (23,519) 386,814 884,963 £ 1,493,260 £ |
67,586 1,425,674 £ |
|||||
| 473,929 778,222 £ 1,469,741 £ |
1,493,260 £ |
The notes on pages 9 to 19 form part of these accounts.
Page 7
ST JOHN'S HOSPITAL, WILTON
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
COMPARATIVE INFORMATION ONLY
| Recoupment and General Designated Endowment Total Notes Fund Funds Funds 2023 INCOME FROM Investments 2 18,644 - - 18,644 Charitable activity Provision of accommodation 3 97,610 - - 97,610 Other 4 32,005 - - 32,005 TOTAL INCOME 148,259 - - 148,259 EXPENDITURE ON Charitable activity Provision of accommodation 5 167,089 11,983 4,520 183,592 TOTAL EXPENDITURE 167,089 11,983 4,520 183,592 NET GAINS/(LOSSES) ON INVESTMENTS Realised gains/(losses) on investments) - 182 - 182 Unrealised gains/(losses) on investments 9 20,793 7,096 74,848 102,737 NET INCOME/(EXPENDITURE) 1,963 (4,705) 70,328 67,586 Transfers between funds 13,14 5,000 (5,000) - - NET MOVEMENT IN FUNDS 6,963 (9,705) 70,328 67,586 RECONCILIATION OF FUNDS: Fund Balances at 1 January 2023 13,14,15 214,520 £ 396,519 £ 814,635 £ 1,425,674 £ Fund Balances at 31 December 2023 13,14,15 221,483 £ 386,814 £ 884,963 £ 1,493,260 £ Unrestricted Funds |
Recoupment and General Designated Endowment Fund Funds Funds 18,644 - - 97,610 - - 32,005 - - Unrestricted Funds |
Recoupment and General Designated Endowment Fund Funds Funds 18,644 - - 97,610 - - 32,005 - - Unrestricted Funds |
Recoupment and General Designated Endowment Fund Funds Funds 18,644 - - 97,610 - - 32,005 - - Unrestricted Funds |
Total 2023 18,644 97,610 32,005 |
|---|---|---|---|---|
| 148,259 | - | - | 148,259 | |
| 167,089 | 11,983 | 4,520 | 183,592 | |
| 167,089 | 11,983 | 4,520 | 183,592 | |
| - 20,793 |
182 7,096 |
- 74,848 |
182 102,737 |
|
| 1,963 5,000 |
(4,705) (5,000) |
70,328 - |
67,586 - |
|
| (9,705) 396,519 £ |
70,328 67,586 814,635 1,425,674 £ |
|||
| 386,814 £ |
884,963 1,493,260 £ |
The notes on pages 9 to 19 form part of these accounts.
Page 8
ST JOHN'S HOSPITAL, WILTON
BALANCE SHEET AS AT 31 DECEMBER 2024
| Notes 2024 FIXED ASSETS Tangible assets Housing land and buildings 8 424,102 Investments 9 1,043,503 1,467,605 CURRENT ASSETS Debtors 10 21,519 Cash at bank and in hand 29,044 50,563 LIABILITIES Creditors: amounts falling due within one year 11 14,342 NET CURRENT ASSETS 36,221 TOTAL ASSETS LESS CURRENT LIABILITIES 1,503,826 Creditors: amounts falling due after more than one year 12 34,085 TOTAL NET ASSETS 15 £1,469,741 THE FUNDS OF THE CHARITY Endowment Funds 13 778,222 Unrestricted Funds Designated 14 473,929 General 14 217,590 691,519 TOTAL CHARITY FUNDS £1,469,741 - |
2023 440,605 1,071,059 1,511,664 16,786 17,122 33,908 17,758 16,150 1,527,814 34,554 £1,493,260 884,963 386,814 221,483 608,297 £1,493,260 |
2023 440,605 1,071,059 1,511,664 16,786 17,122 33,908 17,758 16,150 1,527,814 34,554 £1,493,260 884,963 386,814 221,483 608,297 £1,493,260 |
|---|---|---|
| 1,511,664 16,150 |
||
| 33,908 | ||
| 17,758 | ||
| 386,814 221,483 |
||
| 1,527,814 34,554 |
||
| £1,493,260 | ||
| 884,963 608,297 |
||
| £1,493,260 | ||
These financial statements were approved by the Trustees on 24 March 2025 and signed on their behalf by:
........................................... Trustee ................................... Trustee Colonel Richard Fawcus Mrs A Ward
The notes on pages 9 to 19 form part of these accounts.
Page 9
ST JOHN'S HOSPITAL, WILTON
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024
1.
PRINCIPAL ACCOUNTING POLICIES
The financial statements of the Charity are prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective from 1 January 2022), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Accounting Practice. The accounts (financial statements) have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has 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 (FRS 102) rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. These financial statements are drawn up on the historical cost accounting basis except that investment assets are carried at market value. The charity constitutes a public benefit entity as defined by FRS 102. A summary of the more important accounting policies is set out below.
Preparation of the accounts on a going concern basis
The trustees consider that demand for the charity's accommodation plus investment income will continue to produce sufficient revenue, so there are no material uncertainties about the Charity's ability to continue as a going concern. The most significant areas of judgement are the non capitalisation of replacement of fixtures and fittings within the properties and key assumptions that affect items in the accounts are to do with estimation of the useful economic life of buildings, furniture, office equipment, IT equipment. With respect to the next reporting period, the year ended 31 December 2025, the most significant areas of uncertainty that affect the carrying value of assets held by the Charity are the estimated life of the buildings and the level of investment return and the performance of investment markets. On this basis, the trustees consider it appropriate to prepare the financial statements on a going concern basis.
a) Cash flow
The accounts do not include a cash flow statement because the Charity, as a small reporting entity, is exempt from the requirement to prepare such a statement.
b) Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the trustees at their discretion for particular purposes.
Endowment funds are permanent trusts whose income is intended for the benefit of the charity. Transfers between funds are made in accordance with the requirements of the Charity Commission Schemes and Recoupment Order.
Restricted funds hold funds that can only be applied for particular purposes within the objects of the charity.
c)
Income
All income is recognised once the charity has entitlement to the resources, it is probable that the resources will be received and the monetary value of incoming resources can be measured with sufficient reliability. Income from the provision of accommodation represent maintenance contributions receivable, after deduction of voids. Such income is recognised when receivable.
Investment income is accounted for when it becomes due for payment. All investment income arising on endowment funds is unrestricted as to its use.
Since 1 September 2003 the charity has employed a warden, the costs of which are shared with the College of Matrons, another almshouse in the Salisbury area. The annual costs are calculated in arrears, of which Matrons' College contributes 40%, this being the same ratio as the ownership of the flats under the warden's supervision. The charity also recharges to Matrons' College shared housing costs. Recharged shared costs are recognised as income when the corresponding expenditure is recognised.
Page 10
ST JOHN'S HOSPITAL, WILTON
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
d) Expenditure
Liabilities are recognised as expenditure once there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure on the charitable activity includes those costs associated with the objects of the Charity and therefore includes the costs necessary to maintain the Almshouse for the residents and associated support costs. Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs have been allocated between Management Support Costs and Governance costs.
Governance costs are those incurred in connection with public accountability of the Charity and compliance with constitutional and statutory requirements.
The clerk's salary/fees are apportioned 50:50 between Governance and Management Support Costs in approximate proportion to the work involved .
e) Cyclical Repairs and Maintenance
St John's Hospital has established a regular programme of cyclical repairs and maintenance. Costs are charged to the Revenue Account in the year in which they are incurred. A Cyclical Maintenance Fund was also set up in 2024.
f) Extraordinary Repairs
Costs of Extraordinary Repairs, unless representing major improvements to the properties, are charged to the Revenue Account in the year in which they are incurred.
g) Housing Properties
St John's Hospital was largely reconstructed in the twentieth century but the chapel and site were used for almshouses since 1195. There is no record of the original cost so a nil value has been capitalised. The original buildings are historic, and form part of the endowment. The users of the accounts are principally the Trustees who consider the cost of carrying out a professional valuation to include these assets at a value in the accounts to be considerable compared to the limited additional benefit derived by the users of the accounts.
The cost of Housing Properties represents improvements carried out since 1985, valued at cost, which were funded by a grant from the Housing Corporation, a mortgage loan from the Housing Corporation, now with Royal Bank of Scotland, secured by a charge on housing land and buildings, and from the Charity's own resources.
New almshouses costing £405,949 were built in 1997, of which £226,000 was endowment capital, to be recouped over 50 years. In 2024 the £226,000 was transferred from the recoupment fund back to the permanent endowment fund.
h) Fixed Asset Investments
Fixed asset investments are a form of basic financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date. Investment gains and losses, whether realised or unrealised, are shown under the heading 'Net gains/(losses) on investments' in the Statement of Financial Activities.
Page 11
ST JOHN'S HOSPITAL, WILTON
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
i) Capitalisation of Interest
Interest on the mortgage loan financing a development is capitalised up to the date of practical completion of the scheme.
j) Depreciation
Depreciation is charged to write off the cost of tangible fixed assets, less their estimated residual value, over their expected useful lives. All freehold properties are being depreciated at the rate of 2% per annum on cost. In accordance with the applicable Charity Commission Schemes, depreciation is charged against the reserves which were used to fund the costs. It is therefore shown against the appropriate columns in the Statement of Financial Activities.
The Trustees have a policy of non-capitalisation of capital expenditure costing less than £2,000 and replacement of components, fixtures and fittings in the accommodation are written off as repairs.
k) Impairment Reviews
The Trustees consider that the recoverable amount of tangible fixed assets exceeds the net book value disclosed in the accounts so an impairment review is not required.
l) Value Added Tax
St John’s Hospital is not registered for Value Added Tax. In these accounts, where applicable, expenditure is shown inclusive of VAT.
m) Taxation
St John’s Hospital is a registered Charity and is therefore exempt from liability to taxation on its Income and Capital Gains.
n) Debtors
Debtors are measured at the amounts the charity anticipates it will receive from a debt or the amount it has paid in advance for goods or services.
o) Cash at bank and in hand
Cash at bank and in hand includes cash and cash on deposit with a short maturity of three months or less.
p) Liabilities
Liabilities are measured at the amounts the charity anticipates it will pay to settle a debt or the amount it has received in advance for goods or services.
q) Financial Instruments
The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. They are recognised at amortised cost, except for investments which are measured at fair value with changes recognised in the Statement of Financial Activities.
r) Pensions
Employees of the charity are entitled to join a defined contribution ‘money purchase’ scheme. The charity contribution is restricted to the contributions disclosed in note 7. There were no outstanding contributions at the year-end. The costs of the defined contribution scheme are included with the associated staff costs and allocated therefore to raising funds, charitable activities, support and governance costs and charged to the unrestricted funds of the charity.
The money purchase plan is managed by NEST (National Employment Savings Trust). The charity has no liability beyond making its contributions and paying across the deductions for the employee’s and employer's contributions.
Page 12
ST JOHN'S HOSPITAL, WILTON
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
| 2. 3. 4. 5. |
INCOME FROM INVESTMENTS Interest on cash deposits Income from listed investments INCOME FROM CHARITABLE ACTIVITY RESIDENTS' CONTRIBUTIONS St John's Square 3 at £460 x 1 month & £470 x 11 months (2023 - 2 at £435 x 1 month & £460 x 11 months) (2023 - 1 at £455 x 1 month & £460 x 11 months) 1 Warden at nil St John's Priory 12 at £430 x 1 month & £440 x 11 months (2023 - 13 at £410 x 1 month & £430 x 12 months) 1 at £430 x 1 month & £440 x 6 months & £470 x 5 months 3 at £460 x1 month & £470 x 11 months (2023 - 3 at £440 x 1 month & £460 x 11 months) Total contributions Less: Voids INCOME FROM OTHER SOURCES Contribution to cost of warden and share of joint housing costs Contribution to memorial benches Contribution to cost of defibrillator Donations BREAKDOWN OF COSTS OF CHARITABLE ACTIVITY THIS YEAR 2024 Endowment funds Housing services - Repairs and maintenance - Interest payable (Housing Corporation loan) Depreciation of housing properties 4,520 Support Costs: Management expenses (clerk, office) - Depreciation of office - Governance costs - £4,520 |
INCOME FROM INVESTMENTS Interest on cash deposits Income from listed investments INCOME FROM CHARITABLE ACTIVITY RESIDENTS' CONTRIBUTIONS St John's Square 3 at £460 x 1 month & £470 x 11 months (2023 - 2 at £435 x 1 month & £460 x 11 months) (2023 - 1 at £455 x 1 month & £460 x 11 months) 1 Warden at nil St John's Priory 12 at £430 x 1 month & £440 x 11 months (2023 - 13 at £410 x 1 month & £430 x 12 months) 1 at £430 x 1 month & £440 x 6 months & £470 x 5 months 3 at £460 x1 month & £470 x 11 months (2023 - 3 at £440 x 1 month & £460 x 11 months) Total contributions Less: Voids INCOME FROM OTHER SOURCES Contribution to cost of warden and share of joint housing costs Contribution to memorial benches Contribution to cost of defibrillator Donations BREAKDOWN OF COSTS OF CHARITABLE ACTIVITY THIS YEAR 2024 Endowment funds Housing services - Repairs and maintenance - Interest payable (Housing Corporation loan) Depreciation of housing properties 4,520 Support Costs: Management expenses (clerk, office) - Depreciation of office - Governance costs - £4,520 |
INCOME FROM INVESTMENTS Interest on cash deposits Income from listed investments INCOME FROM CHARITABLE ACTIVITY RESIDENTS' CONTRIBUTIONS St John's Square 3 at £460 x 1 month & £470 x 11 months (2023 - 2 at £435 x 1 month & £460 x 11 months) (2023 - 1 at £455 x 1 month & £460 x 11 months) 1 Warden at nil St John's Priory 12 at £430 x 1 month & £440 x 11 months (2023 - 13 at £410 x 1 month & £430 x 12 months) 1 at £430 x 1 month & £440 x 6 months & £470 x 5 months 3 at £460 x1 month & £470 x 11 months (2023 - 3 at £440 x 1 month & £460 x 11 months) Total contributions Less: Voids INCOME FROM OTHER SOURCES Contribution to cost of warden and share of joint housing costs Contribution to memorial benches Contribution to cost of defibrillator Donations BREAKDOWN OF COSTS OF CHARITABLE ACTIVITY THIS YEAR 2024 Endowment funds Housing services - Repairs and maintenance - Interest payable (Housing Corporation loan) Depreciation of housing properties 4,520 Support Costs: Management expenses (clerk, office) - Depreciation of office - Governance costs - £4,520 |
2024 2023 335 339 20,071 18,305 £20,406 £18,644 2024 2023 16,890 10,990 - 5,515 - - 16,890 16,505 63,240 66,820 5,420 - 16,890 16,500 85,550 83,320 102,440 99,825 (2,676) (2,215) £99,764 £97,610 2024 2023 42,569 31,492 2,367 - - 513 600 - £45,536 £32,005 Designated General Total funds funds 2024 - 94,047 94,047 - 77,774 77,774 3,782 3,782 11,025 - 15,545 - 14,488 14,488 958 - 958 - 14,005 14,005 £11,983 £204,096 £220,599 Unrestricted funds Unrestricted funds Unrestricted funds Unrestricted funds |
2024 2023 335 339 20,071 18,305 £20,406 £18,644 2024 2023 16,890 10,990 - 5,515 - - 16,890 16,505 63,240 66,820 5,420 - 16,890 16,500 85,550 83,320 102,440 99,825 (2,676) (2,215) £99,764 £97,610 2024 2023 42,569 31,492 2,367 - - 513 600 - £45,536 £32,005 Designated General Total funds funds 2024 - 94,047 94,047 - 77,774 77,774 3,782 3,782 11,025 - 15,545 - 14,488 14,488 958 - 958 - 14,005 14,005 £11,983 £204,096 £220,599 Unrestricted funds Unrestricted funds Unrestricted funds Unrestricted funds |
||||
|---|---|---|---|---|---|---|---|---|---|
| £20,406 | £18,644 | ||||||||
| 16,890 | 16,505 | ||||||||
| 63,240 5,420 16,890 |
66,820 - 16,500 |
||||||||
| 85,550 | 83,320 | ||||||||
| 102,440 (2,676) |
99,825 (2,215) |
||||||||
| £99,764 | £97,610 | ||||||||
| £45,536 | £32,005 | ||||||||
| Total 2024 94,047 77,774 3,782 15,545 14,488 958 14,005 |
|||||||||
| £4,520 | £11,983 £204,096 |
£220,599 |
Page 13
ST JOHN'S HOSPITAL, WILTON
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
5. BREAKDOWN OF COSTS OF CHARITABLE ACTIVITY (Continued)
| LAST YEAR 2023 Endowment funds Housing services - Repairs and maintenance - Interest payable (Housing Corporation loan) Depreciation of housing properties 4,520 Support Costs: Management expenses (clerk, office) - Depreciation of office - Governance costs - £4,520 Governance costs comprise: Independent Examiner's Remuneration In their capacity as Examiners Accountancy fees for preparation of the statutory accounts Clerk's Salary/Fees (½) |
Designated General funds funds - 76,586 - 64,360 3,825 11,025 - - 9,622 958 - - 12,696 £11,983 £167,089 2024 1,500 3,806 8,699 £14,005 Unrestricted funds |
Total 2023 76,586 64,360 3,825 15,545 9,622 958 12,696 |
|
|---|---|---|---|
| £183,592 | |||
| 2023 1,450 3,686 7,560 |
|||
| £12,696 |
6. TRUSTEES' REMUNERATION
None of the Trustees received any remuneration, or reimbursed expenses or benefits for acting as Trustees, but the Rector of Wilton Parish Church, one of the Trustees, is entitled to receive an honorarium as he is also Chaplain to the Hospital. This honorarium is paid to Wilton Parochial Church Council and does not benefit the Rector personally. Legal authority for payment of a Chaplain is set out in the 1978 Scheme.
The honorarium for 2024 was £2,500 (2023- £2,500).
7. STAFF COSTS
| Salaries and wages Social security costs Pension costs |
|
|---|---|
No employee earned £60,000 per annum or more. The average employee headcount during the year was 2 (2023 - 1). One employee also received rent free accommodation on site.
The charity considers its key management personnel comprise the trustees and the Clerk. The total employment benefits of the key management personnel was £9,333 (2023: £nil). The total fees (not included in staff costs) paid to the key management personnel was £8,065 (2023 - £15,120).
Page 14
ST JOHN'S HOSPITAL, WILTON
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
8. TANGIBLE FIXED ASSETS - HOUSING LAND AND BUILDINGS (FREEHOLD)
| Cost At 1 January 2024 Additions At 31 December 2024 Depreciation At 1 January 2024 Charge for the year At 31 December 2024 NET BOOK VALUE At 31 December 2023 At 31 December 2024 |
St John's Square and St John's Priory 371,331 - 371,331 178,238 7,427 185,665 £193,093 £185,666 |
New Almshouses 405,949 - 405,949 194,843 8,118 202,961 £211,106 £202,988 |
Clerk's Office 47,902 - 47,902 11,496 958 12,454 £36,406 £35,448 |
Total 825,182 - |
||
|---|---|---|---|---|---|---|
| 825,182 | ||||||
| 384,577 16,503 |
||||||
| 401,080 | ||||||
| £440,605 | ||||||
| £424,102 |
The cost of St John's Square and St John's Priory represents the cost of redevelopment since 1985 which was funded by a Housing Corporation Grant of £235,252 (see Note 18) and Residential Mortgage Loan, (now £34,554, see Note 12), repayable with interest calculated at 10.875% per annum over 60 years from 1 October 1985. The balance was provided from St John's Hospital's own resources.
Interest costs of £22,923 were capitalised whilst St John's Square and St John's Priory were under development and are included in the cost of £371,331.
In 1996, the Trustees of St John's Hospital and The College of Matrons signed agreements for the construction of 18 new almshouses on land at Wilton, the costs of construction to be shared as to 1/3 : 2/3 respectively. The project was ready for occupation in November 1997. The cost of the new almshouses shown above represents St John's one third share. A recoupment fund was set up to recoup £226,000 of endowment capital spent on the building project. This was achieved and transferred from the recoupment fund to the permanent endowment fund in 2024.
The almshouses and Chapel are insured for £6,278,203.
Page 15
ST JOHN'S HOSPITAL, WILTON
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
9. FIXED ASSETS INVESTMENTS
UK Investments in Collective Investment Funds
| At market value at 1 January 2024 Additions Transfers Disposals at opening value Unrealised investment gains / (losses) At market value at 31 December 2024 Historical cost |
Recoup- Permanent ment Endowment Fund 429,786 337,655 226,000 1,070 218,438 (338,725) (218,438) 9,434 - £665,220 - £ £305,899 - £ Endowment funds |
Recoup- Permanent ment Endowment Fund 429,786 337,655 226,000 1,070 218,438 (338,725) (218,438) 9,434 - £665,220 - £ £305,899 - £ Endowment funds |
Extra- ordinary Cyclical Repair Maintenance General Fund Fund Fund 63,731 - 239,887 66,283 95,288 - - 91,663 28,624 (63,731) (91,663) (57,878) 516 742 4,821 £66,799 £96,030 £215,454 £66,283 £95,288 £56,363 Unrestricted funds |
Extra- ordinary Cyclical Repair Maintenance General Fund Fund Fund 63,731 - 239,887 66,283 95,288 - - 91,663 28,624 (63,731) (91,663) (57,878) 516 742 4,821 £66,799 £96,030 £215,454 £66,283 £95,288 £56,363 Unrestricted funds |
Extra- ordinary Cyclical Repair Maintenance General Fund Fund Fund 63,731 - 239,887 66,283 95,288 - - 91,663 28,624 (63,731) (91,663) (57,878) 516 742 4,821 £66,799 £96,030 £215,454 £66,283 £95,288 £56,363 Unrestricted funds |
Extra- ordinary Cyclical Repair Maintenance General Fund Fund Fund 63,731 - 239,887 66,283 95,288 - - 91,663 28,624 (63,731) (91,663) (57,878) 516 742 4,821 £66,799 £96,030 £215,454 £66,283 £95,288 £56,363 Unrestricted funds |
Total 1,071,059 388,641 - (431,710) 15,513 |
|---|---|---|---|---|---|---|---|
| Cyclical Maintenance Fund - 95,288 91,663 (91,663) 742 £96,030 £95,288 |
|||||||
| £665,220 | - £ |
£66,799 | £215,454 | £1,043,503 | |||
| £305,899 | - £ |
£66,283 | £56,363 | £523,833 |
All investments are carried at their fair value. The basis of fair value for unlisted common investment funds is equivalent to the market value, using the bid price. All investments are charitable common investment funds, namely the CBF Church of England Investment Fund (2023: Church of England Fund and COIF Charities Investment Fund). The main risk to the Charity from financial instruments lies in the combination of uncertain investment markets and volatility in yield.
10.
11.
| DEBTORS Residents' Contributions Prepayments Matrons' College - contribution to warden/shared housing costs CREDITORS: Amounts falling due within one year Housing Corporation loan Independent examination and accountancy accrual Housing Corporation loan interest accrual Other accruals |
2024 6,614 12,158 2,747 |
2023 6,875 6,754 3,157 |
|---|---|---|
| £21,519 | £16,786 | |
| 2024 468 5,300 940 7,634 |
2023 421 5,140 950 11,247 |
|
| £14,342 | £17,758 |
Page 16
ST JOHN'S HOSPITAL, WILTON
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
| CREDITORS: Amounts falling due after more than one year Housing Loan Maturity Due in less than one year Due in more than one year but less than five years Due in more than five years |
2024 £34,085 |
2023 £34,554 |
||
|---|---|---|---|---|
| 468 2,459 31,627 |
421 2,212 32,342 |
|||
| £34,554 | £34,975 |
12. CREDITORS: Amounts falling due after more than one year
This Housing Loan due to the Royal Bank of Scotland (formerly due to the Housing Corporation) is secured by a first legal charge on St John's Hospital's housing land and buildings. The mortgage is repayable by equal instalments of principal and interest, the final instalment falling due on 30 September 2045. The interest rate is 10.875% p.a.
13. MOVEMENTS ON ENDOWMENT FUNDS THIS YEAR 2024
| Recoupment Fund Permanent Endowment LAST YEAR 2023 Recoupment Fund Permanent Endowment |
Balance 01.01.2024 337,655 547,308 |
Income - |
Expenditure | Gains and (losses) 12,563 9,434 |
Gains and (losses) 12,563 9,434 |
Transfers (350,218) 226,000 |
Balance 31.12.2024 - 778,222 |
||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| - (4,520) |
|||||||||||
| £884,963 | - £ |
£(4,520) | £21,997 | £(124,218) | £778,222 | ||||||
| Balance 01.01.2023 300,060 514,575 |
Income - - |
Expenditure | Gains and (losses) 37,595 37,253 |
Transfers - - |
Balance 31.12.2023 337,655 547,308 |
||||||
| - (4,520) |
|||||||||||
| £814,635 | - £ |
£(4,520) | £74,848 - £ |
£884,963 |
A Recoupment Fund was set up in 1997 to recoup the £226,000 endowment capital spent on the building of the 6 new St John's Hospital almshouses. These funds were transferred from the recoupment fund to the permanent endowment fund in 2024. The surplus on the recoupment fund was transferred back to Unrestricted Funds.
14. MOVEMENTS ON UNRESTRICTED FUNDS THIS YEAR 2024
| THIS YEAR 2024 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Designated funds Extraordinary Repairs Fund Cyclical Maintenance Fund Charitable Fund Property Reserve General fund |
Balance 01.01.2024 63,731 - 323,083 |
Income - - |
Expenditure | Gains and losses 3,068 742 - |
Transfers - 95,288 - |
Balance 31.12.2024 66,799 96,030 311,100 |
||||||
| - (11,983) |
||||||||||||
| 386,814 221,483 |
- 165,706 |
(11,983) (204,096) |
3,810 5,567 |
95,288 28,930 |
473,929 217,590 |
|||||||
| £608,297 | £165,706 | £(216,079) | £9,377 | £124,218 | £691,519 |
The surplus over-invested in the recoupment fund was transferred back to unrestricted funds, to create a Cyclical Maintenance Fund and reimburse the General Fund for certain costs of repairs in the year.
Page 17
ST JOHN'S HOSPITAL, WILTON
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
14. MOVEMENTS ON UNRESTRICTED FUNDS (Continued)
LAST YEAR 2023
| Designated funds Extraordinary Repairs Fund Charitable Fund Property Reserve General Fund |
Balance 01.01.2023 61,453 335,066 |
Income - - |
Expenditure - (11,983) |
Gains and losses 7,278 - |
Gains and losses 7,278 - |
Transfers (5,000) - |
Balance 31.12.2023 63,731 323,083 |
||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 396,519 214,520 |
- 148,259 |
(11,983) (167,089) |
7,278 20,793 |
(5,000) 5,000 |
386,814 221,483 |
||||||
| £611,039 | £148,259 | £(179,072) | £28,071 | - £ |
£608,297 |
Extraordinary Repairs Fund
This Revenue Reserve represents amounts set aside to carry out major repairs on Housing Properties.
Charitable Fund Property Reserve
Charitable Fund Property Reserve is the part of the Unrestricted Funds represented by the tangible fixed assets owned and used by the Charity on an on-going basis.
A transfer of £172,915 in 2016 from General Fund to Charitable Fund Property Reserve was to increase the balance on the Charitable Fund Property Reserve to equate to the carrying value of all the properties (except those belonging to the Endowment fund)
Cyclical Maintenance Fund (CMF)
This new reserve represents amounts set aside to meet the costs of refurbishing void properties.The Fund was created in 2024 from the surplus of £95,288 that had been over-invested in the recoupment fund.
15. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| At 31 December 2024 Housing Land & Buildings New Almshouses Clerk's Office Investments Debtors Cash at bank and in hand Creditors < 1 year Creditors > 1 year |
Endowment Funds - 113,002 - |
Endowment Funds - 113,002 - |
Extra- ordinary Repair Fund - - - |
Extra- ordinary Repair Fund - - - |
Designated funds Charitable Cyclical Fund Maintenance Property Fund Reserve - 185,666 - 89,986 - 35,448 |
Designated funds Charitable Cyclical Fund Maintenance Property Fund Reserve - 185,666 - 89,986 - 35,448 |
Designated funds Charitable Cyclical Fund Maintenance Property Fund Reserve - 185,666 - 89,986 - 35,448 |
General Fund - - - |
General Fund - - - |
Total 185,666 202,988 35,448 |
|
|---|---|---|---|---|---|---|---|---|---|---|---|
| 113,002 665,220 - - - - |
- 66,799 - - - - |
- 96,030 - - - - |
311,100 - - - - - |
- 215,454 21,519 29,044 (14,342) (34,085) |
424,102 1,043,503 21,519 29,044 (14,342) (34,085) |
||||||
| £778,222 | £66,799 | £96,030 | £311,100 | £217,590 | £1,469,741 |
Page 18
ST JOHN'S HOSPITAL, WILTON
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
15. ANALYSIS OF NET ASSETS BETWEEN FUNDS (Continued)
| At 31 December 2023 Extra- Charitable ordinary Fund Endowment Repair Property General Funds Fund Reserve Fund Housing Land & Buildings - - 193,093 - New Almshouses 117,522 - 93,584 - Clerk's Office - - 36,406 - 117,522 - 323,083 - Fixed Asset Investments 767,441 63,731 - 239,887 Debtors - - - 16,786 Cash at bank and in hand - - - 17,122 Creditors < 1 year - - - (17,758) Creditors > 1 year - - - (34,554) £884,963 £63,731 £323,083 £221,483 16. FINANCIAL INSTRUMENTS Notes 2024 Financial assets measured at fair value through profit and loss: Investments held at fair value 9 1,043,503 £1,043,503 Financial assets that are debt instruments measured at amortised cost: Trade debtors 10 6,614 Other debtors 10 2,747 Cash at bank and hand 29,044 £38,405 Financial liabilities measured at amortised cost Bank loan (formerly Housing Corporation loan) 11,12 34,553 Accruals 11 13,874 £48,427 Income, expense, gains or losses, including changes in fair value, recognised on: Gains/(Losses) on Financial assets measured at fair value 9 15,513 Interest on cash deposits 2 335 Income from listed investments 2 20,071 Interest payable (3,782) - £32,137 Designated funds |
Endowment Funds - 117,522 - |
Endowment Funds - 117,522 - |
Extra- Charitable ordinary Fund Repair Property Fund Reserve - 193,093 - 93,584 - 36,406 Designated funds |
Extra- Charitable ordinary Fund Repair Property Fund Reserve - 193,093 - 93,584 - 36,406 Designated funds |
Extra- Charitable ordinary Fund Repair Property Fund Reserve - 193,093 - 93,584 - 36,406 Designated funds |
Extra- Charitable ordinary Fund Repair Property Fund Reserve - 193,093 - 93,584 - 36,406 Designated funds |
Extra- Charitable ordinary Fund Repair Property Fund Reserve - 193,093 - 93,584 - 36,406 Designated funds |
General Fund - - - |
General Fund - - - |
Total 193,093 211,106 36,406 |
|
|---|---|---|---|---|---|---|---|---|---|---|---|
| 117,522 767,441 - - - - |
- 63,731 - - - - |
323,083 - - - - - |
- 239,887 16,786 17,122 (17,758) (34,554) |
440,605 1,071,059 16,786 17,122 (17,758) (34,554) |
|||||||
| £884,963 | £63,731 | £323,083 | £221,483 | £1,493,260 | |||||||
| 2024 1,043,503 |
2023 1,071,059 |
||||||||||
| £1,043,503 | £1,071,059 | ||||||||||
| 6,614 2,747 29,044 |
6,875 3,157 17,122 |
||||||||||
| £38,405 | £27,154 | ||||||||||
| 34,553 13,874 |
34,975 17,337 |
||||||||||
| £48,427 | £52,312 | ||||||||||
| 102,737 339 18,305 (3,825) - |
|||||||||||
| £32,137 | £117,556 |
17. CAPITAL COMMITMENTS
At 31 December 2024 there were no contracted capital expenditure commitments (2023 - £nil).
Page 19
ST JOHN'S HOSPITAL, WILTON
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
18. CONTINGENT LIABILITY
Housing Association Grant of £235,252 received from Housing Corporation towards the cost of redevelopment of St John's Square and St John's Priory is repayable under certain circumstances, primarily following the sale of a property, but will normally be restricted to net proceeds of sale.
19. RELATED PARTY TRANSACTIONS
There were no related party transactions during the year.