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| 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 5 The Square Petersfield GU32 3HL 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 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. 4 11.6 QU, 7r(LfcL LrlSL **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** 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** |







|**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. 6 **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| 7 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￿ pwpo*s fvTrJ 144.113 Aem d•p)stt h•ll 1.450 Fw￿5 al l J•ThMry 2022 3￿.451 14.493 516 17,414 20 Trustwr. Ar*NH• Mts M Oddl GQU The H￿tel of the Good Shepherd Ind•p•nd•nt Examln•rf• Unquallf••d R•port RegBterwJ Ch8rty Number 261373 RMp•cOv• r••po￿lblll1I•* ol •nd •umln•r Ccrtwaor th•t w audit ffj nat rnqu*•d lor IM >*•r 144121 ol Ch¥rt*s Act 2011 Itm 2011 that an •x•nw•lKm * r*•de Kl•r s•d￿fi 149511bl 201 l Aa. aThJ B••l• of Ind•p•nd•nt •x•rnln•V• i•port My trx4minabon WM camod •cc