Registered Charity Number: 261373 ## **The Hostel of the Good Shepherd** **Trustees’ Report and Accounts** **for the year ended 31 December 2024** ## **The Hostel of the Good Shepherd** ## **Report and Financial Statements** **for the year ended 31 December 2024** |**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| ## **The Hostel of the Good Shepherd** ## **Trustees and Advisers** ## **Trustees** The trustees are the Churchwardens of St Margaret of Antioch Church, Fernhurst: Mrs M Oddi Churchwarden Mr K Tyler **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 ## **The Hostel of the Good Shepherd** ## **Trustees’ Annual Report for the year ended 31 December 2024** ## **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 £19,309 (2023: £516). At the year-end COIF investment units were held at an open market value of £182,640 (2023: £178,606). The Trustees continue to believe that the long term interests of the Trust are best served through their current investment in equities. Iltsk and r¢5eryes polkles The tru51ee5 have undertak*n a rnvSew of the maJoT rtsksto wh*h the ¢hadty Is exposed, and systems deslgntd to mlll8aie those risks have been consldèred. The trusiEe5 continue to ￿taIn J reseThe of un￿StriCted lunds suffloent to CQ4er the awdrw expendl. tuie over the past Ilve ￿aT5. doubled and w￿h 15% added. Indepthdefrt oxafflln Imke Sanderson ha5 been rtr•ppointed as Independent examlner. By order of the tru5tE Mrs M Oddl, Churthw•r nd secretary Date: **The Hostel of the Good Shepherd** ## **Notes to the Account and Statement** ## **for the year ended 31 December 2024** ## **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** |







|**2024**
**2023**
**Market Value Market Value**
**£**
**£**
**Non-Monetary Investments**
**No. of Units Description**
4,055.25
Charities Official Investment Fund income shares (2)
82,294 80,476
4,944.80
Charities Official Investment Fund income shares (1)
0.00additional units bought during the year
4,944.80 100,346 98,130
9,000.05aTotal investment182,640 178,606
**Monetary Investments**
Charities Official Investment Fund deposit account
52,609
45,227
235,249 223,833| |---|---| ## **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 £1,387,200. ## **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. ## **The Hostel of the Good Shepherd** ## **Receipts and Payments Account** ## **for the year ended 31 December 2024** |**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 (Surveyor)
(Quinquennial work)
Sundries
**Other expenditure**
Examiner's remuneration
**Total payments**
**Receipts over payments for the year**|**2024**
**£**
**£**
24,540
4,972
2,410
7,382
**31,922**
1,900
1,873
702
3,295
1,274
3,300
0
20
12,363
250
**12,613**
**19,309**|2023|2023| |---|---|---|---| ||**£**
4,972
2,410|£
4,756
1,781|£
23,185
6,537| ||1,900
1,873
702
3,295
1,274
3,300
0
20|1,900
1,503
650
664
1,079
0
23,140
20|| ||||29,722| ||||28,956
250| ||||| ||||29,206| ||||516| The Hostel of the Good Shepherd Statement of Assets and Uabllltles at 31 December 2024 Notos 2024 2023 FIMed Amets gulldln8 Impro￿MeThI AddltSons 79.236 79,236 79,236 79,236 Bank and cash balance5-. Uoyd5 T58 Bank plc- Trtasurtes xcount COIF Charity Funds Dep05rt account 30,770 52,6tr3 18,843 45,227 83.379 162,615 64.070 143.306 Tot41 lor 8enernl PUrpo￿S fund MoDtl•ry Autts Neld lor invesunent purpgses at mar￿et valuè 182,641 178.606 Rent dewslt held R4nt de[￿sit tran5ftrrtd to DPS 1.450 1,4501 1.450 1,4501 Totsl Net A¥seti 345.256 321,912 Fund5 at l January 20Z4 Increase in value ol inve5tment5 Surplus of incorne over expendlture Funds at 31 De¢•mber 2024 321,912 4.035 19.309 345.256 306.904 14.493 516 321,912 ApproN*d by the irustees¢ Tfusiees.. Mfs M Oddl mrK￿er The Hostsl of the Good Shepherd Ind•p•nd•nt Ex*min•rf• Unqu•lM•d R•port Registernd Charity Number 261373 I reFort on accourrt8 forlm yew erthd 31 0￿mber 2024 *thich aT8 80t )Tr. Ba81$ of Ind•pgnd•nt •umln•V• r•port My exarninats.on wa$ ￿MId out In •CCLYdance vath the Ger￿r￿ DW$¢t￿ gNon by the Chaiity COMMIS￿On. An examination inclkKlos • r•vi•w of th& •ccounlirtrJ r￿ordS k•ré by the chaiity comparison of Ihg accounts we88ntod th080 r•cords. It a150 Ind￿j¢$ ¢onslderation d •ny unusual rtems or *Jisdosure8 In t￿ accounls. and 8eokiNJ explanations concemirrfj any such matters. The wocedurtr3 ur￿rtak￿n do not promde the evthnce that V•Thild t* requiffjd in an audit. •ntt ¢onseqLth no cpnion M grven •• lo wh•ther the aca)unts pre8•fit • 'tr￿ 4TrJ lthr view,. and the rèwt ts limrtad lo th06• rnatt8r5 8Ot (yjt Sn ts 8tatwTh•nt5 t•k>w. Indop•nd•nt •x•mln*• •t*t•m•nt In ￿nn•￿10n my examinltlon no maltff has my 4ttenkn' 1. gi￿ me r••wn•bl• CAtMe lo bolim th•t kn •ny m•lwl*l reswd tho wutreme lo k••p accourthg occ¢*donce *ith ￿tion 130 01 2011 A4 aTh ccounting requk•ment8 oflhe 2011 Ac* have noi be￿ mot: or 2. to whth, In my Or￿n￿)n, •ttenlion Shwld In to •n•t40 • proper urthrst4ndkno 01 the •ccourts to b• rO•ch￿. y/L￿1￿02￿ Imke S•nderson, IndeFendenl Ex8mth•r 1 Ch•sholk Clc4e, F￿nhur￿L H•8knm¢re. Surrny, GU27 3EB