Registered Charity Number: 261373
The Hostel of the Good Shepherd
Trustees’ Report and Accounts
for the year ended 31 December 2023
The Hostel of the Good Shepherd
Report and Financial Statements for the year ended 31 December 2023
| 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 |
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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 5 The Square Petersfield GU32 3HL Principal address: Brown Hylda Hindhead Road Haslemere, Surrey GU27 1LR Charity Registered Number: 261373
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The Hostel of the Good Shepherd
Trustees’ Annual Report for the year ended 31 December 2023
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 now virtually complete with only repointing of some brickwork remaining to be done.
Financial position
The accounts of the charity are prepared on a receipts and payments basis. The year ended with a surplus of £516 (2022: £17,414). At the year-end COIF investment units were held at an open market value of £178,606 (2022: £144,113) with an additional amount of £20,000 having been invested in January 2023.
The Trustees continue to believe that the long term interests of the Trust are best served through their current investment in equities.
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The Hostel of the Good Shepherd
Notes to the Account and Statement for the year ended 31 December 2023
1. Accounting Policies
a) Basis of preparation
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
| 2023 2022 Market Value Market Value £ £ Non-Monetary Investments No. of Units Description 4,055.25 Charities Official Investment Fund income shares (2) 80,476 73,704 3,874.01 Charities Official Investment Fund income shares (1) 1,070.79additional units bought during the year 4,944.80 98,130 70,410 9,000.05Total investment178,606 144,114 Monetary Investments Charities Official Investment Fund deposit account 45,227 38,690 223,833 182,804 |
|
|---|---|
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)
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.
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The Hostel of the Good Shepherd
Receipts and Payments Account
for the year ended 31 December 2023
| 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 Water rates Utilities, incl. service agreements Insurance Professional fees (Quinquennial report) Quinquennial work Sundries Other expenditure Examiner's remuneration Total payments Receipts over payments for the year |
2023 £ £ 23,185 4,756 1,781 6,537 29,722 1,900 1,503 650 664 1,079 0 23,140 20 28,956 250 29,206 516 |
2022 | 2022 |
|---|---|---|---|
| £ 4,756 1,781 |
£ 4,303 356 |
£ 22,800 4,660 |
|
| 1,900 1,503 650 664 1,079 0 23,140 20 |
1,900 2,955 569 815 922 1,188 1,446 0 |
||
| 27,460 | |||
| 9,795 250 |
|||
| 10,045 | |||
| 17,414 |
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The Hostel of t Good Shepherd 2021 ulldlre Impryhwrnffl Addtth)ns 79.1 79216 79336 79336 nk and cash balonre.. LW5 TS8 8ank pk. Twwwlrfs ,070 143.X 83554 162.791 10t pwpos fvTrJ 144.113 Aem d•p)stt h•ll 1.450 Fw5 al l J•ThMry 2022 3.451 14.493 516 17,414 20 Trustwr. ArNH• Mts M Oddl GQU
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