Registered Charity Number: 261373 ## **The Hostel of the Good Shepherd** **Trustees’ Report and Accounts** **for the year ended 31 December 2022** ## **The Hostel of the Good Shepherd** **Report and Financial Statements for the year ended 31 December 2022** |**Contents**|**Page**| |---|---| |Trustees and advisers|3| |Trustees’ report|4 - 5| |Notes to the accounts and statement|6| |Receipts and payments account|7| |Statement of assets and liabilities|8| |Independent examiner’s report|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 2022** ## **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 repairs detailed in the surveyor’s report are due to be completed in 2023. ## **Financial position** The accounts of the charity are prepared on a receipts and payments basis. The year ended with a surplus of £17,414 (2020: £19,982). At the year-end COIF investment units were held at an open market value of £144,114 (2020: £163,076). The Trustees continue to believe that the long term interests of the Trust are best served through their current investment in equities. 4 des*Md io mll*4te ttw rbsks boon consldered. Mrs M Odth, Sevet•ry iu rta 2otS ## **The Hostel of the Good Shepherd** ## **Notes to the Account and Statement** ## **for the year ended 31 December 2022** ## **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** |||**2022**
|**2021**| |---|---|---|---| |||**Market Value**|**Market Value**| |||**£**|**£**| |**Non-Monetary Investments**|||| |**No. of Units Description**|||| |4,055.25|Charities Official Investment Fund income shares (2)|73,704|83,402| |3,874.01|Charities Official Investment Fund income shares (1)|70,410|79,674| |7,929.26||144,114|163,076| |**Monetary Investments**|||| |Charities Official Investment Fund deposit account||38,690|34,030| |||182,804|197,106| ## **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 £817,712. ## **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. 6 ## **The Hostel of the Good Shepherd** ## **Receipts and Payments Account** **for the year ended 31 December 2022** |**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
Professional fees (Quinquennial report)
Quinquennial work
Sundries
**Other expenditure**
Examiner's remuneration
**Total payments**
**Receipts over payments for the year**|**2022**
**£**
**£**
22,800
4,303
356
4,660
**27,460**
1,900
2,955
0
569
815
922
1,188
1,446
0
9,795
250
**10,045**
**17,414**|2021|2021| |---|---|---|---| ||**£**
4,303
356|£
4,193
4|£
22,310
4,197| ||1,900
2,955
0
569
815
922
1,188
1,446
0|1,900
2,112
0
594
800
848
0
0
20|| ||||26,507| ||||6,275
250| ||||| ||||6,525| ||||19,982| 7 The Hostel of the Good She￿erd 79.236 79,236 41dbthns 79.236 79.236 cash b•l•nc+5: Uows TS8 ￿nIt pk. Treawrfs *( COIF Chaflty Funds Dewsll 32.110 34.030 3.554 162.791 66,140 145376 Totallor genwal purp)w Held lor mve5tm*ni purybo￿￿ rn1￿1 144,113 163.076 R•nt deposll he&J R•ni d•posrt tyansl•ry•d w DPS 1,450 Funds •1 i Janu•ry 2021 IR•ductionlllrKfftas• In ol >X.452 168312 118.9631 17.414 20.259 19.982 Tn￿te•s. R•¥ N Iliqh PArs M (hjdl 201 The Hostel of the Good Sh•pI￿rd lthp•nd•nt Examin•e• Unqu•lSfi•d R•port R•gtster8d Ch8nty Nuth 261373 R••pKllv• r••pornlbllltl•8 ol tru•t•M and •x•mln•r The chwW• truste•• •re r•w$*4e Icr Itr￿ kwwatw)n cl •c¢thKts. Th• tr￿1 ¢￿S￿r thai an I￿1 o r￿1 rnqvyed year LO)def 144121 ol Ihfr C￿1￿￿ A¢1 2011 2011 Adii *KI that wb • MDd•d. 6xamir* a¢¢oL￿ts ￿jer Seath 145 01 t￿ 2011 Aa. urthr SwXwJn 145(5iibi ¢1 th• 2011 Act. B••h of Ind•p•nd•nt •xamln•rf• r•port My •x•min•tion w•s cam•d ¢Xrt in a¢cry￿￿nt• ¥thlth D¥•cllorn by th• Chw •udrt. conw￿rttty no OF￿￿￿ •• to •ctwts w•••nl • Irw •nd hir Ind•p•nd•Tht •umln•f• •tst•m•nt In conrhryciK￿ my *x•rnInat￿D no m•ttw to my •lt•rrtth'. •c¢wrrtw¥ r•qUIr￿n•rts ￿ tN• 2011 Acl b••n mrt. or In¢J•p•nd•nl Ex•mknw 2£)1.4llQ13