Registered Charrty Nunknr. 261373 The Hostel of the Good Shepherd Trustees, Report and Accounts for the year ended 31 December 2025 The Hostel of the Good Shepherd Report and Financial Statements for the year ended 31 December 2025 CMtents Page Trustees and advisers Trustees. report Notes to the accounts and statement Receipts and payments account ststement of assets and liabilities Independent examinerfs report The Hostel of the Good Shepherd Trustees and Advisers Trustee5 The trustees are the Churchwardens of St Margaret of Antioch Chufch, Fernhurst: The Reverend Liz Yonge Mrs M Oddi Mr K Tyler Vicar Churchwarden Other members Richard Workman Ken Newman Mrs M Oddl Treasurer Property Manager Secretary Pmftsslonal advlsers The professional advisers to the charity are-. Independent Examiner: Mrs Imke Sanderson, FCCA I Chesholt aose Fernhurst Haslemere, Surrey GU27 3EB Bankers: Uoyds Bank pl¢ 5 The Square Petersfleld GU32 3HL Prlncipal address: Brown Hylda Hindhead Road Haslemere, Surrey GU27 ILR Charity Registered Number: 261373 The Hostel of the Good Shepherd Trustees, Annual Report for the year ended 31 December 2025 Charity registered number The charity is registered with the Charity Commi$5ioners number 261373. Governlng document The charity is governed by a trust deed dated 25 June 1935. Alms and organlsatlon The buildings known as The Hostel of the Good Shepherd were ererted 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 Tudof and Miss A M Tudor by means of a declaration dated 25 June 1935. They thereby vested land and buildings in Glebe Road. Femhurst, West Sussex, known as 'The Hostel of the Good Shepherd, and land arid buildin￿ known as l and 2 The Liurels, Midhurst Road. Fernhurst, West Sussex. The charity was gifted further property by Miss A M Tudor under her will in 1941 and Mi$5 E Tudor in 1968. The object of the charity is the malntenance of the almshouses for the use of the aged, wlthout dlstlnc- tion of sex, class or creed and to hold other investments to 8enerate income for the Maintenan￿ of the almshouses. Property Mana8•ment Nos. 12 and 14 Glebe Road and 29 and 31 Midhufst Road11 & 2 The laurels) remained under the occu- pancy of the existr'nB tenants throughout the period. The 2021 Quinquennial survey was carried out in the autumn of 2021 and the repalrs detalled in the surveyorfs report are now complete. Flnaneial Poslilon The accounts of the charity are prepared on a recelpts and payments basis. The year ended with a sur- plus of £11.42012024: £19,309). At.the Year￿nd COIF investment units were held at an open market value of £173,89812024: £182,640}. The Trustees continue to believe that the long term interests of the Trust are best seNed thiough their current investment in equities. The Hostel of the Good Shepherd Trustees. Annual Report for the year ended 31 December 2025 (Continued) Rlsk and reserves polkies The trustees have undertaken a review of the major risk5 to which the charity is exposed, and systems designed to mitigate those risks have been considered. The trustees contlnue to retain a reserve of unrestricted funds sufficient to cover the avera8e expendl- ture over the past five years. doubled and with 15% added. Independent examiner Imke Sanderson has been re-appointed as independent examlner. By order of the trustees Mrs M Oddi, Secretary Date: S-H￿1 2£)2 The Hostel of the Good Shepherd Notes to the Account and Statement for the year ended 31 December 202S l. Accountln8 Polkles •%ls ol pr•par•tlon These accounts have been prepared under the historic cost convention on a receipts payments basis, except for investments, which are Stated ai market vzlLbe. and in accordance with applitable ac£oLtnting 5tandard5 and the statement of R•commended Prartice on -Accountir¢ and ReFortin8 * Charfti•s- as applicable to small*r ch•rlti•s and the Charlt&es Art 2011. bl Inveslrr*nts are stated at thwr open mafket The freehold properties wthich were gifted to the charity are rnt Value Incom• and exp0t￿lIUr• l income and expendilure is accounted for 8r055 and then re(ei¥td or Incurred. dl 2. Investments 20 2024 M•thl V*lu* M•rkel V*lu• No. of Unlts Dttcrfptknn Charttles Official Investment Fund Incon* shares121 Charities Offitial Investment Fund i￿ome share$111 addltional unlts b¢)ught duringthe year 4,944.80 4 944.80 (JXl.05 100 Total Inve51ment 173 898 Monetsry kn¥estments Chanties Ottlclal Investment FuTrJ deposlt %rtyJnt L49 3. Freehold Propertles The charity owns the foll¢)vringfreehold properties which *tre w'fted to ￿ charity. 29 Midhurst Road, fernhurst. ￿5$ex 31 Midhuist Road. Fernhursi. Sussex 12 Glebe Road. Fernhurst, Sussex (Almthwsesl 14 Glebe Road. Fernhurst. Su￿em (Almsh￿e$l It is Imprarttcal for the trustrts to estimate th*V￿￿e of the properties at Ihe time of the ￿lts at7d therefore no value Is plated on thÈm In the accoun￿ Two of properties are let to tenants assured shorthold tenancy agreements and the other5 comprise the alm5tK¥JSts that are cttupied rent-free. The insured value of the propertles 5$ now £1.433,535. 4. Transartlons wlth trustees and connected persons No iru51ees or connected È*rson re￿5ved any reMur￿ratI0n eltherithrecuy or indlrectly. 5. Trustee's expenses No amwnts were paid to any trustees d￿lfil year In res￿1 of expenses. The Hostel of the Good Shepherd Receipts and Payments Account for the year ended 31 December 2025 2025 2024 General Purposes Fund: Incoffle Rent received 25,140 24.540 Investment Intome Charitie5 Official Investment Fund divldends Bank interest 5.106 2,327 4,972 2,410 7.433 7,382 Total r•celpts 32,573 31,922 Dlrert Charltable Expendlture: Lsving allowance Repalrs and malntenance Water rates Utilities, ind. service a8reements Insurance New boller Professional fees (Surneyorl Sundries 1,900 1,873 702 3.295 1,274 7,548 521 1.224 8,700 3.300 20 20 20,903 12,363 Other expendlture Examinerfs remuneration 250 250 Totsl payfflents 21,153 12,613 Receipts over payments for the year 11.420 19,309 The Hostel of the Good Shepherd ststement of Assets and Liabilities at 31 Derember 2025 Notes 2025 2024 Flxed Assets Building Improvement Additions 79,236 79,236 79,236 79.236 Monetary Assets Bank and cash balances: Lloyds TS8 Bank pk- Treasurer's account COIF Charity Funds Deposit account Total for general purposes fund 34.758 60,041 94,799 174,035 30,770 52,609 83,379 162,615 Non-monetary Assets Held for investment purposes at market Wdlue 173,898 182,641 Uabllftl¢s Rent deposlt held Rent deposit transferred to DPS Totsl Net Assets 1,450 1,450 1,450 1,4501 347.933 345.256 Represented by: Funds at l January 2025 {decrea5el in value of investments Surplus of Income over expenditure Funds at 31 December 2025 345,256 18.743) 11,420 347,933 321.912 4.035 19,309 345,256 Approved by the trustees on Trustees.. The Reverend Liz Yon8e Mrs M Oddi Mr K Tyler The Hostel of the Good Shepherd Indop8ndont Examinerfs Unqualffied Report Registered Charity Number 261373 I report on the accounts for the year eThJed 31 December 2025 whith ate set out on pages 6 to 8. Respecttve responsibllities of trustees and examiner The Charity's tTUStee$ are respOnS￿le for the preparation of the accoLmts. The charity's trustees con- sider that an audit is not requ￿ed for this year under sectM)n 144(2} of Ihe Charitses Act 2011 (the 2011 Actll and that an independent examinatNJn is needed. It ts my respon$Q)ilty lo: examine th8 accounts under Section 145 of the 2011 AGL lo follow procedures laid down in the General Direct*)ns given by the Charity ComMissic￿ urKler Sedion 145(5Xbl ofthe 2011 Art. and to state whether partscular matter8 have come to rny atten*on. Bas18 of Independent examinerf8 report My examination w88 carried out in a¢rThda￿e wlth the General Directions given by Ihe Charity Commission. An examlnalion includes a review of Ihe accounting records kepi by the charity and comparison of the accounts presented with those records. R also w)cludes considerattjn of 8ny unu- sual items or disclosur68 in the accounts. and seeking explanations ￿n¢8m1ng any su¢h matters. The PToGedures undertaken do not provlde all the evidence that woukj be required in an audil, and consequently no opinion is given as to vthethor Ihe accounts present a 'lrue and fair view,, and the réport 18 lim1t￿ lo those matters set out in the statements tek>w. Independent examlnerfs Statement In connection with my examinatK>n Th) matter has come to my attenlkn.. 1. whlch gives me reasonabb cause to beliove that In any malerial respect the requlremenls to keep accounts'ng records In accordance wrth $6cllon 130 01 th8 2011 Act: and to prepare accoun1$ which accord with the accounting records arrfl Comply wlth the accountlng requirements of the 2011 Act have not been met; or 2. to Wh￿h. in my opinion, attention shoukl be drawn in order to enable a proper underntanding of the accounls to be reached. & 20 ab Imke Sanderson. Independent Examiner 1 che$￿tt Close, Femhut5t. Haslemere. Surrey, GU27 3EB