T JOHN'S H WILTON REPO TOF THE TRU TE AND STATEMENT OF ACCOUNT ORTHEY ENDED 31 DECE ER 25 NTE Trustees, Officers and Adser¥ Trustees. ReFM)rt Independent Examlnerfs Report &7. Slalement of Financlal Aetiwties Balance Sheet 9. -19. Notes to the Aeeounts 20. - 21. Detailed Income ExperKliture Account (for TnJslees' use only) FLETC ER & PARTNERS CHARTERED ACCOUNTANTS SAUSBURY
Page 1 ST JOHN'S HOSPITAL WILTON TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 The Trustees present this report together %Mth the financial statements of the Charity for the year ended 31 December 2025. The linancial Stat)ents have been prepared in ac£ordance with the accounting policies set out in note 1 to the accounts and comply with the Charitys goveming document, the Charities Act 2011 and Accounllng and Reporting by Charities-. Statement of Recommended Practice applicable to charib'es Preparing their acGounls in accordance wlh the Financial Reporting Standard applicable in the UK and Republic of Ire18nd and the Finan¢lal Reporting Standard applicable in the UK and Republi¢ of Ireland. FRS 102 TRUSTEES: EX-OFFICIO The tlean of sall$bus substitute- Brigadier S ¢2M {appoinled 07.12.201 Chaimian from 01.01.22 The Rector of St Mary & St Nicholas Church, Wif(on - Rev M Wood NOMINATIVE- for temis of 4 years Col R FawGus by Wi]ton Parish Church PCC Iroappointed 05.11.24, rebred 5.11.251 Mr N Barsby by Wilton Palish Chur¢h PCC lappoinled 5.11.251 CO-OPTATIVE- for lemis of 5 years Mrs V Rolfe (reappointed 01.03.241 Mr5 J Finlay lappoinl&J 18.07.22) Mrs A Ward lappoinled 18.07.221 Mr R Stedman (appointed 05.11.24. retired 6.5.25) CHARITY ADDRESS- St John's Hospital, Wilton. 4, St John's Square. Wilton SP2 ODN CLERK TO THE TRUSTEES: Mr N S Stiven MDA {appointed 01.06.24) 4. St John's Square, Wilton SP2 ODN ADVISERS: Bankers CAF Bank Ltd, 25 Kings Hill Ave. West Malling, Kent ME19 4JQ Soli¢itors Parker Bullen. 45 Casde Street, Salisbury SP13SS Independent Examiners Mrs N A Halls FC4 Fletcher & Partners, Crown Chambers, Bridge Street, Salisbury, SP12LZ Sutveyors The Diocesan Surveyor, Emmaus House, The Avenue. Wilton Salisbury SY2 OFG Investment Adviser CCLA Investment Management Ltd, One Angel Lane, London EC4R 3AB REGISTERED CHARITY NUMBER: 255110 England and Wales
Page 2 ST JOHN'S HOSPITAL ylToN TRU TEE ' REPORT FOR THEYEAR ENDED 31 DE EMBER 2025 LEGAL STATUS Th8 hospi181 15 8 regIsled charity number 255110. It was founded many years 8go and axisted as th8 Corporatlon of the Prior, Brethren and Sisters of the Hospilal of St John near Wllton unttl 8 Charlty Commissioners, scheme wa$ made on 21 May 1968 and supplemental orders on 23 March 1978 and 28 October 1996. The charty deregistered from the Housing Ctywration as a Registered Social 12ndlord from 28 Septembèr 2004 and amended the charivs governing d¢)cUMt on 6 November 2024 to rèmove tha nomlnalive trustse appolnted by Wlltshire Council. OBJECTS The prlnclpal charltable objgct Df th8 Charity is the prowslon of almshouse accc)mmodatign for needy persons r8sid8nl in the DISt¢t of Sallsbury at the tima of appointmenL This is dearfy for the public benefrt, ACTIVITIES The Hospllal houses resldents in 19 units of accomTnodaYon in Wilion, 6 of which are In th& n8w block bullt 8S joinl project with the College of Matrons, Salisbury in 1997. INVESTMENT POLICY The Trustees, policy is lo obtaln sufficient InCe frcKn Monthly Malnlenance Conlrlbutlons {'contributions? 8nd cash distributions from invgstments lo help meet costs of the Charity, arKI also to maintain the real value of the Charivs investmènts ov8r the long-temi by Investtng In a porfollo of equTiies. fixed interest stocks and cash. This is currently aGhieved by Investing In a r8nge of common investment funds for charities managed by CCLA Investment Manag&ni8nt Ltd. Th8 Trustees are bjnd by Ihè Trustee Act 2000. RESERVES POLICY The Trustees of the Charity are able to us8 the surplus awJmul8t&l InMe over expendllure as FTe8 R8S8rv85. for us8 on fure prolacls to Improve the fa(xltlies and operation of the Almshouse. cover unforeseen costs and pay the almshouse running costs when voids OCGLW. These Free Reserves comprfse an undesignaled General Fund (£131,441 al 31 ember 20251, 8 d8signal8d Extraordlnary Repair Fund IERFX£1LK),101 at 31 December 2025) 1 aside lo m88t the cost of repa1r8 and refurbishments to the almshouses identifd by syslematic Quiwuennial Inspecuons, and a deslgnated Cyclical Malnlenan¢e Fund (CMFII £66.021 at 31 December 20251 prfmarity set asode to meet thb (¥J5ts of refurblshlng void properties. The Free Reserves at 31 Decemb8r 2025 4WdS in total £297,563. RISK MANAGEMENT The Trustees hav9 assessed the majoT rfsks to whlch th8 Charity Is exposed and are $8tl8ff ed that systems are in place to mitigate exposure to the risks. The greatest unmtligatwj risks are considered lo b? those posed by.. flre, unmaintdned servlces (gas, walor and eledn.cal supplie5).' fraud.. and poor govemance. These risks are mllig818d by appropriate insurance. wular inspa¢tion and servlcing of fire prevefttion and Alami systerns,. regular inspection and servlclng of gas, water and electrical supplias-, robust bud9et and financAal Control Prodre$. segregallon of duts"8s and careful recruitment of slaffr. and tnjstee training (provided by tITe Almshouse Asso¢Satlonl and the introdudon of a detailed and comprehensive TTUStee HandbcN)k. ORGANISATION The Trustees remain closély invofved in the operation of the Charfty. The part-time d8dicated C18Tk retains respor)8lbllity for admirnistratlve Tnatters and the management of Ihe accounts Includir rasponsibility for the collection of residents, contributions. The Clerk op8rat8s from an r)ffKe situated wllhln Sl John's Hospllal. He also has responsibility for the payment and subsequent Tocovery of certain ttems of expenditure shared jointly with Matrons, Colleg8. The Trustees meet a minimum of three rnes a year. New trustèès are recruited and appointed following personal recomrnendatlon by the existiryJ TnJst8e b¢>dy and are trained by the Chaimian and the Clerk. The salarfes of key rnanagewent personnel are set In consuttation Ihe trusteès. The charitys propejty is held by the Official Custodian for Charlties. TRUSTEES. RESPONSIBILITI FOR THE PREPARATION OF ACCOUNTS The trustees are responsible for preparing Ihe Tnjslees, Annual R8POrt and the finan81 stslements In accordance with applicable law and United Kingdom Accounting Standards {Unlled Kln9dom Generally A0pted Accounting Practi¢el. The law aP1¢able to charilles in England and Wale5 requires the Charity trustees to prepare flnancial statements for each y8ar which ve a true and falr vlew of the stale of affairs of the Charity and of the incoming resources and appllcauon of resources of the Chaitty for that periL¥J. In preparing the financial statements, the Trustegs are required lo: 5el&Bt 5uitsble aCcounng policies and then app theTn consist8nUy, observe the mèthods and pTillGipS in the Charities SORP: make ludgements and estimates that are reasonable aThJ PTudentr, state whether applicxble arLounting standards hav8 been followed, subject to any materfal departUT&S that musl be disclosed arKI explalned in the )InarKk?I stalgm8nts-, prepare the financial statements on the going concem basls unless It Is inapproprfats to presume that the Charfty VAII conunue In busSness.
ST JOHN'S HOSPITA WllLTON TRUSTEES, REPORT CONTINUED R THE YEAR ENDED 31 DECEMBER2025 Page 3 TRUSTEES. RESPONSIBILITY FOR THE PREPARATION OF ACCOUNTS (Continued) Th8 Trustees a responslbl8 for k88ping proper ax}unIng records that dlsdpse with reasonable accuracy at any tlm& the financial position of the charlty and enable them to ensure that th8 financial statements comply with the Charlties Act 2011, the applicable Charities IA¢counts and Ret)orts} Regulauons. and th8 Provisions of the Chariws schomes. They are also responsible ftsr safeguardlng th8 assets of the charity and takiTVJ reasonable steps fpr the prevention and d8tectlon of fraud arKI other irr8gularitles. STRATEGIC CONSIDERATIONS The Trustées note that, in recent yB8rs, the charitys expendilure has exceeded Its IrOMe. This reftecls the Trustees, docision to Ilmlt increases in the Monthly Malnlenance contr1on IMMC) to below inflation during the COVID-19 pandemic and th8 subs8quent period of high inflauon and irKreased living costs. in order to support residents. The Trustees have now COMMend a man8g8d programme of MMC increases to bring contrIbuonS mor8 clos&ly Into Ilne witr inflayon and thJse charged by comparabl? almshouses in the loral ar2a. The Quinquenni81 Inspedon (QI) of the estate Idenlfied a backlog of essential maintenanc8 requirlng prompt attention. A two-year programm8 of works was therefore initial to address these issues and briro the estste up lo th8 r8qulred standard. This programme Is now approaching completion 8rKI is expec to Teduce the level of malntenance expendilure in futuro years. The p8rformance ofthe chariiys Investment managèrs, CCLA Inveskn8nt Management, has dedin8d over the past trK> years relative to expectations. Th8 Trustees, FInan Committee has tt)erefore undertaken a review of tha charitys Investrnent policies and is conslderlng the appointment of alternative inv8slmenl managers. Tho objective of ihls r8vlew is to Improve both capitsl perfomiance and irwme generdtion from the charltys investm8nt portfolio. The Tru*ees contlnue to mDnitor the charws financial postbc¥) close. The measur88 Outllned above are inl8nded to restore a sustainable balancè betsveen income and expenditure and lo Bnsure that the charity maintalns sufficlenl resourGes to meet its obligatons to thelr resldents and support the long4erm maintenance and stewardship of the estat8. REVIEW OF PROGRESS AND ACHIErfEMEKrs The Hospital continues to Provide nineteen units of accommodation for Tesidenls, h) adlon to a F18t reserved far the Warden, A further ts¥efve Flats bel(Mgino tD the College of Matrons share the site. One of our ex-officio TTUStees, Ihe Dean of Salisbury, has d8din8d to act as an Ex-officio Trustee of the Charity for the remainder of the period in which the Dean should hold office. Brigadier S Cc)wlam continue5 to act as 8 Co-opted Trustee hls place in accordance wth the provisnS of the Prinapal Scheme. Our second ex-OfficicJ Tnjstee. the Rector of Wilton, romained in post. OUT one Nomlnative Trustee, Col R Fawcus. r2mainwJ ln post unttl he retired in November 2025 and was r8placed by Mr N Barsby. Four Cwpted Trustees remained ln post thrc>ughout the year. under the Chairrn8nship of Brtgadler S ¢Tham. Sad, Mr R Stedman died in May 2025 and a successor15 bdng sought. The Resident Warden r8malne(I In post and continued to perforni her roi8 as Warden in an outslandlng way. Her dedicgtion to her role as Warden and th8 way in which she carried out her duues has been deeply apprecialad by Trustees and Residen15 alike. There were two changes of ctcupancy durfng year. The resident of Cottage 2 dled In January 2025 and a uPle wero then appointed in April 2025, fo11thng Its refurbishment. The redent of Flat 12 moved to a care home ui January 2025 and 8 coupl8 from Amesbury were appointed In May 2025. foll¢)wing its refurblshment. Roullne annual gas safety Inspections were CCbmpl8led, as were Ihe seC1rvJ of our fire alarm system. our stsir-llfts and fire exlinguish8rs, and maintenance of th8 personal alarni systems. The cowprehensive two-year refvrbishmenl project Ihat was set in train. folIcng the Quinquennlal Inspecllon {Qll of November 2023, to be fund8d by the ERF, ha5 Conttnued apace. Al the work recommended In the QI report except refurbishment of the drain covers throughout the silè and the iron rainwat&r goods of our listed buildings, have been completed. The three halls and stalrwells of our oldest block of flals11-10 $1 JDhn's Priory, built In 1985) were re- carpeted and fitted wth modern, better insulated. gLgTrd enty-dcK)rs. A proSect was started in December 2025 to divid8 the large walled garden lo Collage 8 Inlo 8 small Private patio garden for th8 resident and a large allotment garden of raised beds for general use,. the proj8cI should be completed by May 2026. The tharitys 8Xtensivè lawns, hedges and num8rous trees continue to be Tnaintsined by extemal contractors. Our part4ime Janitor continues to maintain our network of poved frK)tpalhs and drive%Yay8, together a part4img gardener who malntslns OUT communal flowerbeds. Soclal activlties conunue urKler the le&Yership of the WaTden, and attend8nco at our weekly Chapel Sèrvlces have continued to pick up. Once again. our Residents have been sustained throughout by thoir famllies and frfends. by the WiSton Help network and the work and care provlded by the Warden through(yJt the year.
Page 4 ST JOHN'S HOSPITAL WILTON TRUSTEES, REPORT CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2025 PUBLIC BENEFIT STATEMENT The Trustees hav& complied with their duty to have due regard lo the guidance on public benefit published by the Charity Commission in exercising their powers and duties. REVIEW OF TRANSACTIONS AND FINANCIAL POSITION The Charills total income for the year was £178,314 including investment income of £24,609. Expenditure was £267,270, including depreciation Df £16.503. The costs of various repair works were funded by Iranslers of £40.000 from the Extraordinary Repair Fund and £30,000 from the Cyclical maintenan Fund. However. before the year end £75,110 was lransftsrd lo the Extraordinary Repair Funcl from the General Fund. Investment values decreas&d by £35,715,along with realised losses of £1,282, resulting in a deficit for the yoar of £125,953. Al the year end tha Charity had nel assets of £1,343,788 including investments worth £936,506. The almshouses (inclusive of those with nil cost in the accounts) wara insured for £6.488 million. The Trustees consider the financial Position of th8 Charity lo be satisfactory and confirm that the financial slalemenls comply with current slalutory requirements, with the charill5 governing documents and the relevant Charity SORP FRS 102. The investments held were acquirèd in accordance with the powers in the goveming Charity Commission Schemes, and th8 assets held are adequate lo fulfil the Charitys obligations. Sign b8half of the Trustees Approved by the Trustees on 23 March 2026
Page 5 ST JOHNS HosprrAL WILTON INDEPENDEKf EXAMINER'S REpoirr TO THE TRUSTEES OF ST JOHN'S HosprrAL WILTON I repurt to thg trustees on my examination of Ihe accounts of St John's Hospital, WIOn Ithe Charilyl for the year ended 31 DeGemb&r 2025. which are Set out on pages 6 to 19. RESPONSIBILrriES AND BASIS OF REPORT As th8 charity tN8tees of the Charity you are responsible for the preparation of the aG¢ounts In accordance with the qUireMents of the Charities Act 2011 llhe Acri. I report In respect of my examlnatlon of the Charitys accounts carTi8d out under s8don 145 of th8 2011 Act and In carrying out my examination I have followed all th8 applicabl8 Dir8ctions givan by the Charity Commission under s$ctlon 145{5llb) of ihe 2011 ACL INDEPENDENT EXAMINER'S STATEMENT I have COTnplet6d my 8xamination. I confirn that no material matters have como to my attgntion in ¢onneclion wtth the examination gimng mg ¢au$6 to beli&ve that in any material respett. 111 accounting rordS were not kept in respeL* of the Charity as required by s8ction 130 of th8 Act: or 121 the accounts do not awrd thos& T8cords: or 131 the accounts do not comply wrih the applkable requirements con¢8mlng the fomi and content Df acGounts set out ill the ChariUes {Accounls and Reports) Regulations 2008 Dther than any requirement that the accounts give a and fair viev/ which is not 8 matter rAJnwdored as part of an Independent &X8mination. I have no concems and have come across no other matters in cOnnOn wth the examinafion to which att8ntion should be drawn in this report in order lo enabl8 a proper undeTStanding of the accounts to bg reach. Signed.. Namo.. Nlcola A H811s Relevant professional qualification or membership of professional bDdy (if any)- FCA Address.. Fletcher & Partners, Crovm Chambers. Bridgo StreeL Salisbury. SP12LZ Datg.. .11
Page STJOHN HosprrAL IAryLTON STATE Eirf OF FINANCIAL AcmvmES R THE YEAR ENDED 31 DECEMBER 2025 Unrestri and Geral Dena Endowm8nl Fund Funds Total 2025 Total 202 Not INCOME FROM Inv85tmenls 24,609 24.6CIg 20,406 Charitab18 actNity Provlslon of ac¢ommodatlon 110,855 110.855 99,784 other 42.850 42,850 45,536 TOTAL INCOME 178,314 178 314 165,706 EXPENDrruRE ON Chgrltable activity Provlslon of ac¢ommcKlatlon 2,767 11,983 4.520 267,270 220,599 TOTAL EXPENDITURE 250.787 11,983 4.520 267,270 220,599 NET GANSI(LOSSES) ON INVESTMEP Realised gainslllossesl on Investments Unraalised galnsl{losses) on investments 11,282) 15351 (26.594} (1,282} 135,715} 15.881 15.513 (8,5861 NET INCOMEIIEXPENDrruREI (81.0391 I13,) 131,114) {125,953) {23,519) Transfers bgiween fvnds 14 {5,1101 5,110 NET MOVEMEMf IN FUNDS (86,1491 (8,e)90) (31,114) (125,953) 123,5191 RECONCILIAIION OF FUNDS: Fund Balances at 1 January 2025 Fund Balances at 31 Decembw 2025 13.14.15 £ 217.W £ 473.929 £ 778,222 £ 1,469,741 £ 1,493,260 13.14.15 £ 131.441 £ 465.239 £ 747,108 £ 1,343,788 £ 1,469,741 Th8 notes on pag8s 9 to 19 fonn part of these accounts.
Page 7 ST JOHN% HOSPIT WILTON STATEMENT OF FINANCIAL AcTIVlEs FOR THE YEAR ENDED 31 DECEMBER 2025 COMPARATIVE INFORMATION ONLY Unrestricted Funds Recoupment and De8lgn8ted Endowment Funds Funds Total 2024 Fund INCOME FROM Inv8Stments 20,406 Charftsble actlvlty Provision of ac£ommodation 99,764 99,764 Other 45.536 45.536 TOTAL INCOME 165,706 165,706 EXPENDITURE ON Charitsbl8 advity Prowsion of acwmmodatlon 204,096 11,983 4,520 220,599 TOTAL EXPENDtfuRE 204,096 11,983 4,520 220,599 NET GAINSIILOSSESI ON INVESTMEMr8 Reallsèd gainslllossesl on investments} Unre31ised gaiftsl(losses) on investments 746 4,821 2,552 1,258 12,563 9.434 15,861 15,513 NEf INCOMEI{EXPENDITURE) (32,823) (8,173) 17.477 (23,5191 Transfers belMen funds 13.14 28.930 95.288 {124.2181 NEf MOVEMENT IN FUNDS (3.893) 87.115 (106.741) (23,5191 RECONCILIATION OF FUNDS: Fund Balanc at 1 January 2024 Fund Balances at 31 December 2024 13.14.15 £ 221,483 £ 386.814 £884.963 £1,493,260 13,14,15 £ 217,590 £ 473,929 £778,222 £1,469,741 The notes on pages 9 to 19 forn part of these accounts.
Page 8 ST JOHN'S HOSPITAL WILTON BALANCE SHEET AS AT 31 DECEMBER 2025 Notes 2025 2024 FIXED ASSETS Tangible assets Housing larTrd and buildings 407,599 424,102 Investments 936,506 1,043,503 1,344,105 1.467,605 CURRENT ASSETS Debtors Cash al bank and in hand 10 18,684 32,919 51,603 21,519 29,044 50,563 LIABILITIES Creditors.. aniounts falling due within one year 18,355 14,342 NET CURRENT ASSETS 33,248 36,221 TOTAL ASSETS LESS CURRENT LIA81LITIES 1,377,353 1.503,826 Creditors.. amounts faS1ing due after more than one year 12 33,565 34,085 TOTAL NET ASSETS 15 £1,343,788 £1,469,741 THE FUNDS OF THE CHARITY Endowment Funds Unrestricted Funds Designated Genera1 13 747,108 778,222 14 14 465,239 131,441 473,929 217,590 596,680 691,519 TOTAL CHARITY FUNDS £1,343,788 £1,469,741 These financial slalem&nls were approved by the Trustees on 23 March 2026 and signed on their bohalf by-. Trustee Trustee j C4J L-rs Lkn The notes on pages 9 to 19 fom part of these accounts.
Page 9 ST JOHN'S HOSPITAL WILTON NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025 PRINCIPAL ACCOUNTING POLICIES The financlal slatamenl8 of lh8 Charity are prepared in a(rdance wth the Statemgnt of R8cx)mm8nded PractiC8'. Accounting and Reportlng by Charibes preparing their accounts in accordance vAth the Financial Reporting Standard appIlble in the UK and RepubliG of Ireland (FRS 1021 (effective from 1 January 20221, the Financlal Reportlng Standard applicable in th8 UK and Republic of Ireland IFRS 102) ané tho Charilles Act 2011 and UK Genèrally Accepted Accounting Pradice. The aCUnIS {fir)ancial stat8rnenls} have been prepar$d to giv8 a 'true and fairf view and have departed from the Charitie5 (Accounts and Reports) Regulations 2008 only to the extant required to provide a 'lrue and fair vlew. Thls departure has involved follomllng Aczounting and Roporting by Charities preparlng their acc#)unts in acKor(Janc8 wlh the Financial R8porting Standard applicable In the UK and Republic Of Irdand (FRS 102) rather ihan the Acwunting and Reporting by Chane8. Stalemont of Recommended Practice effectiv8 from 1 April 2005 vthich has slnce been wthdrawn. These financial statements are drawn up on the historical cost accounting ba$1¥ ¢xcept that Investment assets are carri8d at market value. The charity constitutes a publlc beneffl entity as defined by FRS 102. A Summary of the more important accounttng pollcies is set out below. Pre aration of trba accounts on oln conc8m basis The truste8s consider that demand for the charivs aCmm¢alln plLtS inV8stment incom8 will Gonlinue to produce suffioent rev8nue, so there are no material uncertainties about the ChariW8 abllity to oonlinua as a going conc8m. The mosl signifi(xnt areas of judgement are the non capttslisation of replacem8nt of fixtur98 and fitting8 wlhin the properbes and key assumptions that affect items in the accounts are to do wlh eslimalion of the useful economic lrfe of buildings, fumthre. office equipmenL rr equipment. With rasp8Ct to th8 next raporting period, the year 8nd8d 31 December 2026. the most significant areas of uncèrtalnty that affect th8 caryng value of assets held by the Charity are the estimated lrfe of the bulldlngs and the level of investmènt return and the perfomance of Invèstsnent maTkets. On this basis, the trustees LY)nsider It appropriate lo prepare the financial st8tem8nts on a going Gonc¢m bas18. al C8sh flow The account5 do not indude a c8sh flow statement b8raus8 fhe Charity. gs a Small reporting entity, is exempt from the requirement to prepare suth a statement. b) Fund acGounb'n General funds are Unrtrict6d funds vknich are available for use at the discretion of the tnJste8s In furtherance of th8 gèneral objectives of the tharity and vknich have not been designated for other purposes. Designated funds comprise unrestricted ndS that have b8en set aside by the tNstees at their discrètion for particular purposes. Endownenl funds are permanent trusts ose income is intend8d for the benefit of the charity. TransfeTS between funds are made in acconlance wfjth the requirements of the Charity Commlssion Schemes and Recoupment Order. Restricted funds hold funds that can only be applied for partIlar purposes %Mthin the objects of the charity. c) Income All in(x)me is recognised once the charity has entiuement to the resources, r( is probab18 that the resources wll be recdved and the monetary value of incoming resources can b8 maasured wrth sufficignt roliablllty. Income from Ihe provlsion of acGommodatiDn represent maintenance contributions reoivable, after deductlon of voids. Such income Is recognised bthen re1vabl. Investment income is accounted for bthen it b8rAynes due for payment. All Inv8Stment income arising on endowment funds is unrèstricted 89 lo ils use. Slnce 1 September 2003 the charity has employed a warden. the costs of thich are shawd wth the College of Matrons, another almshou88 in the Salisbury area. The annual costs are calculated in arrears. of lL*l Matrons, College contributes 400/0, thls belng the sam8 ratio as th8 thwership of the flats under the warden's supeTViSiOn. The tharlty also recharges lo Matrons, Cdlege shared housing Sts. Recharged shared rn$t8 are rècognised as income when the Gorr¢$ponding expditUre is recognised.
Page 10 ST JOHNE HOSP WILTON NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR ENDED 31 DECEMBER2025 8nditure Llabllitie8 are recognised as expendlture once there is a legal or wnstru¢tive obligation committing th charfty to that 8xp8ndilure. il is probable that settlement 11 be requir1 and th8 amount of the obllgation can be measured reliably. AII &xp8ndilure Is 8ccounled for on an accruals ba8is and hag btsen classified under headings that aggregate all costs related lo the category. Expenditure on the charitable activlty includes th08e ¢osts asslated th the objects of the Charity and therefore indudes the ¢os15 necessary lo maintain the Almshouse for the r8sidenl8 and assoThated support costs. Support Gosls are Ihose frjnctiong that assist th8 of the charity bul do not directty undertake chadlabl& aGtiwties. Support c%)s15 have b8en allocated betren Management Support Costs and Gov8mance LYJSts. GovèmanGe costs are those lnLajed in connection vAth publlc a¢wuntabllty of the Chartty and complianco with conslitulional and ststulory requiremerrts. The clerk's salary is apportioned 50.'50 belwn Govemance 8nd Manag8Tn8nt Support Costs In approximate proportion lo the bwrk Involv1 . 8) C clical Re alrs and Maintonance St John's Hospital has established a ragular progr8mme of wdiGal repairs and maintenarlce. Costs are thargad lo the Revenue AG¢ount in the year In vthith they are incurred. A Cyclical Maintenance Fund wa8 also set up In 2024. Extraordina airs Costs ol Extraordinary Repairs, unless representing m8jor improvemellls lo th8 properties, ar8 ¢harg¢d lo the Rèvenue Account in the year in which they are In8. gl Housin Pro erties St John's Hospital Wds largely T8COnStruGted In the ntieth ntury but Ihe thapel and sit9 re used for almshouses since 1195. There is no recx)rd of thB orignal o)st so a nil value has been capltali88d. The orlginal buildings are historic, and fomi part of the endobTht. The users of the accounts are prln¢ipally the Trustees who consider the cost of rarying out a profession81 valuation to include th6s8 assets at a value in the arLA)unts to be CL)nsiderable compared to the limited additional benefit derived by the users of the accounts. The cost of Housing Propertles represents improvements carried out since 1985. valu8é at wst, thich were funded by 8 grant frown the Housing Corporation. a mortgoge loan from th8 Pknjsing Corporation, now th Royal Bank of Scottand, secured by a tharge on houwng land and bulldings. and from the Charitls own resources. Nèw almshou8es cosllng £405,949 w8r8 built in 1997, of £226,000 was &ndownenl capit81, to be recouped over 50 years. In 2024 the £226.000 vrds trdnsf8rred from the recoupment fund back to th8 pem)anenl endowTnent fund. h) Fixeij Asset Inves ents Fixed asset Investments are a fo of basic finanaal inslnjmenl and are inltially recognised at their transacb'on cost and subsequently measured at fair value at the Balance sheet dat¢. Investment galns and losses, ether realised or unrealised, are shovm und8r the heading 'N8t goinsl(Ioss8s) on Inva8lments' In the Slatement of Fin8nciaY Acliwties.
Pagg11 T JOHN'S HOSPIT LTON NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2025 italisatlDn of Interest Inlerasl on the mortgage loan ffinancing a developmenl is capitalised up to the dats of practical complatlon of the cheme. redation Depreryation is charged lo wite off the cost of tangible fixed assets. less their @stimaled r8sldual value, over their expected us8ful lives. All fab07d properbes are being d8prerAaled at the rale of 2% per annum on cost. In accordance vNth the applicsble Charity CoTllTnission Schemes. depreciation Is charged again8t the reserv95 whlch were used lo fund the costs. It is therefo Sho 8gainsl the apprDpriat8 columns in Ihe Slatement of Flnancial Activities. The Trustees have a policy of non-capitslisalion of capTtal expenditure costing lèsg than £2,000 and repla¢emenl of compongnts, fixtures and fitbngs in Ihe acs)mmodation are tten off as r8palrs. aimienl Rgvi Th8 Trustees Gonslder that lh8 recov&rable amounl of tangible fixed assets exceeds the ngt book value disclosed In the accounts so an Impairm8nt review is nol required. l) Value Added Tax St Johrt's Hospital is nol rogistered for Value Added Tax. In thes8 accounts, vkn&rè applicable, exp8nditure 18 shoNvn inclusive of VAT. m) Taxation Sl John's Hospit81 is a reglst8red Charity and is therefore exempt from Ilability to taxation on its Income and Capit81 Gains. n) Debtors Debtors are measured at the amounts Ihe chaTTty antiapatas il V•g11 receiv8 from a debt or lh8 amount it has pal in advance for goods or services. o) Cash at bank and in hand Cash at bank and in hand indudes 12sh and tssh on deposit a short maturlty of three months or less. abilities Liabilities are measured at the amounts the charity antiupates it 11 pay to setue o éebl or the amount il has rec8lV8d in advanc8 for goods or servt¢eS. q) Financial Instruments The charity only has financial assets and liabilities of a knnd that qualify as baslc financial inslrumenls. Th8y are reoognisgd at amortlsed cost, eXpt for inv&stm8nts vknith are measured at fair value with chang8s r&cognised in Ihe Statement of Finanrial A¢ts'vities. rl Pensions Employees of the charity ats elltilled tojoin a defined contdbution 'money purthase. scheme. The charity contribution Is restricted to the corrtribuuons disdosed in note 7. There were no outstanding contributions at the year-8nd. The wsls of the d8fined contribution s¢h8me are induded the assodaled staff wsls and allocated therefore lo raising funds, charitable acti¥thies. support and govemance CDsts and charged to the unrestricted funds of the charity. The money purchase plan is managed by NEST {Nation81 Emplowment Savlngs Trusll. The tharity has no liability beyond making its contribub'ons and paying acros5 the dedudions for the 8mployee's and employerfs contributions.
Page 12 OHN'S H VIILTO NOTES TO THE ACCO rs NTINUED YEAR ENDED 31 DECEMBER2025 INCOME FROM INVESTMEpirs 2025 2D24 Intest on cash deposits Income from listed Investments 138 24,471 335 20,071 £24,809 £20,406 INCOME FROM CHARrrABLE ACTivrrY RESIDENTS, CONTRIBUTIONS St John's Square 3at£515x 12 months {2024 . 3 al £460 x 1 month & £470 x 11 months) 1 Warden at nil Unr8S cted funds 18,540 16,890 18.540 Sl John's Priory 11 al £485 x 12 months 1 at£485 x 4 months & £515 x 8 months (2024- 12 al £430 x 1 month & £440 x 11 months} 64,020 6.060 63,240 4at£515x 12 months (2024 . 1 al £430 x 1 Tnonth & £440 x 6 months & £470 x 5 months) 12024- 3 at £460 x 1 Ymnth & £470 x 11 months) 24,720 5,420 16,89 85.550 94.800 Total conthbutions Less.. Volds 113,340 12,4851 £110.855 102.440 12,676) £99,764 INCOME FROM OTHER SOURCES Unreslri 20 2024 CL)nlribution to cost of warden and share of joint housing costs Conlrfbution to memorial benches Donations 42,850 42,569 2,367 600 £42,850 £45,536 BREAKDOWN OF COSTS OF CHARrrABLE ACTIVTTY Un EThJDwment Deslgnated Gener81 funds THIS YEAR 2025 Total Houslng senrtc8s Repalrs and maintenance Interest payable (Housing Corporation loan) Depreclatlon of housing properties Su ort CDS Management expen965 {derL office) Depreciauon of offio Govgmance costs 86,859 136,334 3,732 86,859 136,334 3,732 15,545 4,520 11.025 9.768 9,768 958 14,074 £267,270 958 14,074 £250.767 £4,520 £11,983
Page 13 ST JOHN'S HOSPITA WILTON NOTES TO THE ACCOUltrs CONTINUED FOR THE YEAR ENDED 31 DECEMBE 02 BREAKDOWN OF COSTS OF CHARITABLE ACTivrrf (Contlnued) LAST YEAR 2024 Unrestricted f nds D@signated Gen8ral fund5 funds EndowTnent funds Total 2024 Housing S8Tvices Repalrs and maintenance Interest payable (Housing Corporation loan) Depreuation of housing properts'es ort Costs.. Management expens8s (clerk. office) n8pr8cialion of offiGe Governance costs 94,047 77,774 3,782 94.047 77,774 3,782 15,545 4.520 11,025 14,488 14,488 958 958 14,005 £204,0 £4.520 £11,983 £220,599 Governancè costs Comprisè: 2025 Independent Examinerfs Remuneration In their capacity as Examiners Accountancy fees for preparation of the stattjtory aLxounts CleTk's SalarylFees I'A) 1.550 4,314 8,210 1,500 3,806 8,699 £14,074 £14,005 TRUSTEES. REMUNERATION Nolle of the TStee8 received any remunerdtion. or r&mbursed expenses or benefits for acting as Twstees, but the Rector of Wilton Parish Churth, one of the Trustees, is entitled to receive an hollorarium as he is also Chaplain to the Hospital. This honorarium is paid to Wilton P8roGhial Churth Councll and does not banefit Ihe Rector personally. Legal authority for payTh8nt of a Chaplain 15 set out in th8 1978 Scheme. The honorarium for 2025 was £2,500 (2024- £2,500). STAFF COSTS 2025 Salaries and wages soal 58curity costs Penslon costs 42,826 31,907 430 410 £43,256 £32,317 No employee 8arned £60.000 per annum or more. The aver8ge employee headcounl during the yeaT Trmas 4 (2024- 2). One employee also weived rent-free accommodation on slte. The charity ConderS ils key management personnel wmpri8e the trustee5 8rnd the Clerk. Th8 total employment benefits of Ihe key management per50nnd vrds £16.420 (2024.. £9,333).
Pag8 14 ST JOHN'S Hosprr WILTON NOTES TO THE AccouKrs CONTINUED FOR ThE YEAR ENDED 31 DECEMBER 2025 TANGIBLE FIXED ASSEfs- HOUSING LAND AND BUILDINGS {FREEHOLD) st John's Square and St John's Prio Clerk's Imshou Total At 1 January 2025 Addltions At 31 Decomber 2025 371,331 405,949 47,902 825,182 371.331 825,182 recialion At 1 January 2025 Charg8 for th8 year At 31 December 2025 185,665 7.427 202,961 8.118 12,454 958 401,080 16,503 417,583 193.092 211079 13.412 NET BOOK VALUE At 31 Dgc8mber 2024 £185,666 £202 988 £35.448 £424,102 At 31 December 2025 £178,239 £194,870 £34,490 £407,599 The cost of Sl John's Square and St John's Priory represents the cost of red8velopment since 1985 which was funded by a Housing Corporation Grant of £235,252 (see Note 18) and Residential Mortgage Loan. (now £34,085, se8 Note 121. repayable with interest calculated al 10.875'kn per annum over 60 years from 1 Octobor 1985. The balance was prowdvj from St John's Hospital's own resources. Inleresl costs ot £22,923 wer8 Gapitalised whilst St John's Square and St John's Prlory were under d8V8IDpmenl and are Includ in the cost of £371.331. In 1996. the Trustees of St John's Hospital and The College of Matrons signed agreements for the conslructlon of 18 new almshouses on land at Wilton, th8 costs of constwction to b8 shaTpd a8 to 113.. 213 respectively. Th8 Project was ready for LrLupation in November 1997. Th8 cost of th8 new almshouses shown above represents St John's on8 third share. A recoupment fund was set up lo recoup £226.000 of endowment Gapilal spent on the buildir¢g Project. This vra$ a¢hieved and transferred from the r8coupm8nt fund to the pgmianent endowment fvnd in 2024. The alm8houses and Chapel are insured for £6.487.898.
Page 15 STJOHN'S HOSP WILTO NOTES TO THE ACCOUNTS C014TINUE FOR THE YEAR ENDED 31 DECEMBER 2025 FIXED ASSETS INVESTMENTS UK Investments in CollectNe Inve8tMerrt Funds anifuThJs UnTeStrf ordlnary Repalr FLmd Cyclical Malntenance Pennanent m8 General Fund To At markat valua at 1 January 2025 AdditiOnS Transfèrs DIsposa15 al p1j value Unr88ltsad investment galns I11ossesl At rnarket value at 31 December 2025 665.220 96.030 21S,454 1,043,503 75,110 {42,0531 245 175,110} (29,2291 780 171,2821 35,715 £936.506 28.594 £638,626 8.586 £131,758 £1,101 £68 021 Hlstorfcal cost £305,899 £47,406 £66,285 £33.513 £453,103 Invesknths are carried at IheiT fair value bas of fair valL* for unllsted common Investment funds is ualnt to thè m2Tk&t value, n9 the bld price. All investm8Tts ara d)8dtsble m)n inv8Stment fund5, namely the CBF Church of England Inv8stThnt Fund. The main risk to th8 CharTty from finanoFI Instru Iles In Ihe comblnaUon of uncertain irTrv88tMènt markets and volatllrty In yeld. 10. DEBTCRS 2025 2024 Rts8ld8nts' Contributknns Prepayinents Matrons. CDllggo- ntrfjbu0n towardenlshaTgY h)u5iTrJ cx)sts 7.400 6,821 4,463 £18,684 6,614 12,1 S8 2,747 £21,519 11. CREDITORS.. Amounts falling due wlthln orn >nar 2025 2024 Hou8ing CortX)Tation loan Ind8p8rnlenl gxarnlnauon and accountary acuual Housing cotion loan inl8Mt accrual Oih8r accruals 521 5.58D 927 11,327 £18,355 5,300 940. 7,634 £14,342
Page 16 SPET ILTON OTES TO THE ACC NTIN ED FOR ThE YEAR ENDED 31 DECE BER 2025 12. CREDITORS: Amount¥ falling due aft¢r morn than one 8T 2025 2D24 Houslng Loan aturi Duo in less than ong yoar Du8 in more than one year trrfjt less than five yearB Dug in morg than five years £33 565 521 2,733 30,831 £34,085 468 2.459 31,627 £34,554 Thlg Houslng Loan due to BCM Globavorchardbrook Lid Iformerfy due io the Housing Corporauonl is uld by a fir8t 18g81 chary& on Sl John's Hospltsl'8 houdThJ land and buildings. Tho mortgage is repayable by equal Instslments of princApo1 and interest. the flnal Instalment falling due on 30 September 2045. The interest ralo 18 10.875% p. 13. MOVEMENTS ON ENDOWMENT FUNDS THIS YEAR 2025 Balanc8 01.012025 Gains and losses Balan¢9 31.12.202 Tran8feTS Roccyupmant Fu1 Pernian Endownent T18,222 £778.222 £ 4,520 4,520 26,594 26,594 747,108 £747,108 LAST YEAR 2024 Balance Galns and Balanca .12.20 Recouprnent Fund 337.655 12.563 (350,218) Pemianent Endowment 547,308 £884,963 £ 4,520 4,520 9,434 226,000 124218 778,222 £T18 222 A Recoupment Fund was set up in 1997 to reLX)up the £226,000 endent ¢aplt81 spbnt on thg bulldlng of th8 6 nèw Sl JDhn's Hospltal 8lmshous8s. Thes8 ftjnds were transf&rred from the recoupment fund to th8 p8mianenl endowment fjjnd in 2024. The WJTplus on the recoupmeTttfund vrd8 transferre back to Unrestri(aed Funds. 14. MOVEMENTS ON UNRESTRICTED FUNDS THIS YEAR 2025 Balance Gatns and 01.01.2025 Ioss8S Balan¢& ransf 31.12.2025 08slgn8t8d ftjnds Extraord1nary RepalTS Fund {1,808) 75,110 140,0(AII 130,0001 100,101 Cyclical M8intenanco Fund Charitab19 Fund Pryjperty Resorve 96.030 311,100 (91 66,021 299,117 111,983) 473,929 11.983) {1.8171 5,110 465.239 Generdl fund 217,) 178,314 250.767 8,586 £691,519 £1T8,314 £ 262,750 10,403 5,110 131.441 £596 680
Pag&17 ST JOHN% HOSPIT WILTON NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2025 14. MOVEMENTS ON UNRESTRICTED FUNDS (Continued) LAST YEAR 2024 Balance Gains and Balance 01.01.2024 Incoma ndire losses Transfers 31,12.2D24 Deslgnatsd fund8 Extraordinary R8pairs Fund Cycllcal Maintenance Fund Charitable Fund Property Reserve 63.731 3.068 742 66,799 98,030 311,100 95,288 323.083 (11,983) 386.814 (11,983) 3.810 95.288 473,929 General Fund 221,483 165,706 £608.297 £165.706 204.096 216,079 5.567 £9.377 28,930 £124.218 217,590 £691,519 Extraordina 8venue airs Fund 8serve represgnts amounts set aside to eJary out major r8pairs on Housing Propertie8. haritable F nd Pro Reserve Charitab16 Fund Propety Reserve is the part of the Unrestricted Funds represented by the tsngible fix&1 ass8ts own8d and used by the Charity on an onwJiThJ basis. A transfer of £172,915 in 2016 from Generdl Fund to Charilable Fund Property Reserv$ was to Incr&a88 th8 balance on the Charitable Fund Property Reserve to uat8 to the carryng value of all the properties {ex¢ept Ihose belorvJing to the Endovdmenl fund) C lical Malnl8nance Fund CMF This new rosorve represents amounts sel aside to meet the (xjsts of r8furbishing void propgrbes. Thg Fund was cr8ated In 2024 from th8 surplus of £95.288 that had been over-investgj in the re¢Pment fund. 15. ANALYSIS OF NET ASSETS BEfwEEN FUNDS At 31 December 2025 Desi nated funds Charitable Fund Property ReseTve ordinary Repair Fund Cydi(xl Maintenanc8 Fund Endovmi8nt Funds General Fund Total Housing Land & BuildSngs N6wAmshousos Clerk's Office 178,239 86,388 34,490 299.117 178,239 194,870 34,490 407,5 936,50 18,684 32,919 118,355) 33,566 £1343,788 108.482 108,482 638.626 Invastments Debtors Cash at bank and in hand Crgdilors < 1 year Cr?ditors > 1 yoar 100,101 66.021 131,758 18,684 32,919 118,355) 33,565 £131,441 £747,108 £100,101 £66,021 £299,117
Page 18 ST JOHN% H PITAL WILTON NOTES TO THE ACCOUNT NTINUED FOR THE YEAR ENDED 31 DECEMBER 2025 15. ANALYSIS OF NET ASSETS BETWEEN FUNDS {Contlnued) At 31 D&comb•r 2024 Desi nated funds Charitable Fund Propety erv8 ordinary Repair Fund CydScal Mdntenan Fund Endowment Funds General Fun Hou8lng Land & Buildings New Almshouse8 Clerk's Officè 185.e66 89,986 35,448 311,10D 185,666 202,988 35,448 424,102 1,043,503 21,519 29,D44 114.3421 34,085 £1,469,741 113.002 113.002 685.220 Fixed Asset Investments Debtors Cash al bank and in hand Creditors < 1 year CdItOrS > 1 year 66.799 96,030 215.£4 21,519 29,044 114.3421 34,085 £217,590 £778.222 £66.799 £96,030 £311,100 16. FINANCIAL INSTRUMENTS Notes 2025 2024 Flnancl81 assets moasured at fair value through profft aNI Ioss: Investments held al fair value 936,6 £936,506 1,043,503 £1,043,503 Financial assets that are debt instruments measured at amortised cx)st: Trade debtors Other d&blors Cash gt bank and hand 10 10 7,400 4.463 32,919 £44,782 6,614 2,747 29,044 £38,405 Financial liabilltses measured at amDrtised c05t Bank loan Ifomerty Housing Corporation loan) Awruals 11.12 11 34,086 17,834 £51,920 34,553 13,874 £48,427 Income, expense, gains or Ic)sses, IndIng changes in fair valu8, recognisgj on: G8lnsllLosses) on Financial assets m68SUTed at fair value In16r6St on cash deposits Income from lisl&l investments Interest payable (35,715) 138 24,471 13,7321 15,513 335 20,071 {3,7821 14,838 £32,137 17. CAPITAL COMMITMEMrs At 31 December 2025 there were no contracted capital expendthjre commitments (2024- £nil).
Pag8 19 ST JOHNS HOSpAL WILTON NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2025 18, CONTINGENT LIABILI Housing Association Grant of £235,252 e1Ved from Housing CorpoTation lowarfs the cost of redevelopment of St John's Square and St John's Priory Is repayable under certain circumstances, prlmarlly followng the sale of a propety. but 11 nornially be restricted to nat proceeds of sale. 19. RELATED PARf¢ TRANSACTIONS There were no related paty transactions during tha y&ar.