Registered Charity Number: 261373 ## **The Hostel of the Good Shepherd** **Trustees’ Report and Accounts** **for the year ended 31 December 2021** ## **The Hostel of the Good Shepherd** ## **Report and Financial Statements** **for the year ended 31 December 2021** |**Contents**|**Page**| |---|---| |Trustees and advisers|3| |Trustees’ report|4 - 5| |Independent examiner’s report|6| |Notes to the accounts and statement|7| |Receipts and payments account|8| |Statement of assets and liabilities|9| 2 ## **The Hostel of the Good Shepherd** ## **Trustees and Advisers** ## **Trustees** The trustees are The Vicar and Churchwardens of St Margaret of Antioch Church, Fernhurst: Reverend Nick Haigh Vicar Mrs M Oddi Churchwarden **Other members** Richard Workman Treasurer Mr Ken Newman Property Manager Mrs M Oddi Secretary ## **Professional advisers** The professional advisers to the charity are: Independent Examiner: Mrs Imke Sanderson, FCCA 1 Chesholt Close Fernhurst Haslemere, Surrey GU27 3EB Bankers: Lloyds Bank plc 3 The Square Liphook GU30 7AE Principal address: Brown Hylda Hindhead Road Haslemere, Surrey GU27 1LR Charity Registered Number: 261373 3 ## **The Hostel of the Good Shepherd** ## **Trustees’ Annual Report for the year ended 31 December 2021** ## **Charity registered number** The charity is registered with the Charity Commissioners number 261373. ## **Governing document** The charity is governed by a trust deed dated 25 June 1935. ## **Aims and organisation** The buildings known as The Hostel of the Good Shepherd were erected by Owen Scripts Tudor in memory of his wife Elizabeth Tudor and administered on his death by Miss Catherine Tudor and Miss Alice Maud Tudor, his daughters. The almshouses trust known as ‘The Hostel of the Good Shepherd’ was set up by Miss C Tudor and Miss A M Tudor by means of a declaration dated 25 June 1935. They thereby vested land and buildings in Glebe Road, Fernhurst, West Sussex, known as ‘The Hostel of the Good Shepherd’ and land and buildings known as 1 and 2 The Laurels, Midhurst Road, Fernhurst, West Sussex. The charity was gifted further property by Miss A M Tudor under her will in 1941 and Miss E Tudor in 1968. The object of the charity is the maintenance of the almshouses for the use of the aged, without distinction of sex, class or creed and to hold other investments to generate income for the maintenance of the almshouses. ## **Property Management** Nos. 12 and 14 Glebe Road and 29 and 31 Midhurst Road (1 & 2 The Laurels) remained under the occupancy of the existing tenants throughout the period. The 2021 Quinquennial survey was carried out in the autumn of 2021 and the surveyor’s report is awaited. ## **Financial position** The accounts of the charity are prepared on a receipts and payments basis. The year ended with a surplus of £19,982 (2020: £15,784). At the year-end COIF investment units were held at an open market value of £163,076 (2020: £142,817). The Trustees continue to believe that the long term interests of the Trust are best served through their current investment in equities. 4 The tn151ees have undertatheft • fe4lew olth¢ malor rtsks the chth 55 eX￿ed, systems d*si8ned to mrtiÉatt ihosè rtsks have been consldèred. The irust¢*s u>ntinu* to retaln • reserve of UnrtStf￿Qd funds sulftcjem io the •ver• •xp•ndhure cr4erthe fr4e yw% doubl•d ¥Ath 15% •Od•d. Imke Sandef59n ha5 been e￿￿TrIfter. 8y ordor crt the tffUSt•es Mrs M Oddl. Seu•tsry Oaie.. 24 loZL The Hostel of the Good Shepherd knd•p•nd•nt Ex*mln•rf• Unquallll•d R•port Registered Charty Number 261373 R￿P?¢1JY• rn•ponslblllll•• ol trust••• *nd •x•mln•r onvjtr Ih•i ￿ I￿x r•qthd th• y•w 144Ql Chwlim Ad 2011 Ilh• 2011 A¢tll Ihrt •x•mthatwi li no•￿0. tt ri my lo: ex￿1￿ th• •¢¢owrt8 LY•J•r S•cllon 145 ollm 2011 *rt urthr 145(SMbl cl th• 2011 Aca. •r#J 8••1• of Ind•p•nd•nt •umln•¢• i•port Ind•p•nd•ftt •Mmln•rf• •tst•m•nt IIcLtskn- Examts ## **The Hostel of the Good Shepherd** ## **Notes to the Account and Statement** ## **for the year ended 31 December 2021** ## **1. Accounting Policies** ## a) **Basis of preparation** These accounts have been prepared under the historic cost convention on a receipts and payments basis, except for investments, which are stated at market value, and in accordance with applicable accounting standards and the Statement of Recommended Practice on “Accounting and Reporting by Charities” as applicable to smaller charities and the Charities Act 2011. ## b) **Investments** Investments are stated at their open market value. ## c) **Freehold properties** The freehold properties which were gifted to the charity are not valued. - d) **Income and expenditure** All income and expenditure is accounted for gross and when received or incurred. ## **2. Investments** |||**2021**
|**2020**| |---|---|---|---| |||**Market Value**|**Market Value**| |||**£**|**£**| |**Non-Monetary Investments**|||| |**No. of Units Description**|||| |4,055.25|Charities Official Investment Fund income shares (2)|83,402|73,041| |3,874.01|Charities Official Investment Fund income shares (1)|79,674|69,776| |7,929.26||163,076|142,817| |**Monetary Investments**|||| |Charities Official Investment Fund deposit account||34,030|29,833| |||197,106|172,650| ## **3. Freehold Properties** The charity owns the following freehold properties which were gifted to the charity: - 29 Midhurst Road, Fernhurst, Sussex - 31 Midhurst Road, Fernhurst, Sussex - 12 Glebe Road, Fernhurst, Sussex (Almshouses) - 14 Glebe Road, Fernhurst, Sussex (Almshouses) It is impractical for the trustees to estimate the value of the properties at the time of the gifts and therefore no value is placed on them in the accounts. Two of the properties are let to tenants on assured shorthold tenancy agreements and the others comprise the almshouses that are occupied rent-free. The insured value of the properties is now £748,476. ## **4. Transactions with trustees and connected persons** No trustees or connected person received any remuneration either directly or indirectly. ## **5. Trustee’s expenses** No amounts were paid to any trustees during the year in respect of expenses. 7 ## **The Hostel of the Good Shepherd** ## **Receipts and Payments Account for the year ended 31 December 2021** |**General Purposes Fund:**
**Income**
Rent received
**Investment income**
Charities Official Investment
Fund dividends
Bank interest
**Total receipts**
**Direct Charitable Expenditure:**
Living allowance
Repairs and maintenance
Improvements
Water rates
Gas and electricity
Insurance
Sundries
**Other expenditure**
Examiner's remuneration
**Total payments**
**Receipts over payments for the year**|**2021**
**£**
**£**
22,310
4,193
4
4,197
**26,507**
1,900
2,112
0
594
800
848
20
6,275
250
6,525
**19,982**|2020|2020| |---|---|---|---| ||**£**
4,193
4|£
3,535
70|£
17,910
3,605| ||1,900
2,112
0
594
800
848
20|1,900
1,407
0
548
781
825
20|| ||||21,515| ||||5,482
250| ||||| ||||5,732| ||||15,784| 8 The Hostel ol the Good Shepherd statement ol Assets and Uabllltles 2021 2020 Hmed A$3elS 8uildin8 Impro¥ernenl AddrtiQn5 79236 79.236 79.236 Bank and cash bal•nces: Lloyds T5B Bank pk . Tre•surer's xc(wnl 32,110 34.030 16,325 66,140 145,376 46.158 125.394 Total for ieneTrl purposes lund Held fty Inv*stffl•nt WKPOses # mafk•t 163.076 142,817 U•bllltl fl￿t doposlt held R•nt dwosll tr•nslerrnd to DPS 1.450 1,450 1.450 1,450 308.451 268.212 Funds m l J•nu•ry 2021 Incre•5e In ￿lue ol kn¥estmenis Sufplus ol kncomt ¢>rtf e¥pendrtu 268.112 20.259 19.982 301,451 145.012 15,784 268.212 Approwd ty the tFU51eeson IF 202 Trustws: N Hal Mr5 M Oddi