St John's Hospital Educational Foundation
Report and Financial Statements
For the Year Ended 31 December 2024
Registered Charity No: 306676

St John's Hospital Educational Foundation
Year Ended 31 December 2024
Contents
Page
Report of the Governors
Stalement of Governors, responsibilities
Report of the independent examiner
Statement of financial activities (SOFA)
Balance sheet
10
Notes forming part of the financial statements

Page 1
St John's Hospital Educational Foundation
Report of the Governors for the year ended 31 December 2024
The Governors present their Report and Accounts for the year ended 31 December 2024. They are
satisfied that the Accounts comply with the Constilution as described below and the recommendations of
the Statement of Recommended Practice
Accounting and Reporting by Charities and comply with
applicable law.
Objectives and Activities
Objects
The objects of Ihe Foundation are to apply the net income as follows:
General Fund
Fixed annual payments
1. £32 for maintenance of lectures in Exeter College, Oxford. (Payment founded by Sir John Maynard.
16371.
2. £1010 the Trustees of Eliza Hele's Charity. Morelonhampslead. (Payment founded 16581. This
charity ceased to exist during 2008 and the annual payment has lapsed.
3. £400 to the Trustees of Hele's School (now Hele's Educational Trust)
4. £400 - £600 to the Orphan Fund
Residue
1. Three-sevenlhs to the Govemors of Exeter School
2. Two-sevenths to the Governors of Maynard School
3. One-sevenlh lo any one or both of the Governing Bodies of Exeter School and Maynard School at
the discretion of the Governors
4. One-seventh to the Special Fund
Orphan Fund
Net income of the Orphan Fund shall be applied in providing for the education and maintenance of
orphan children resident within a distance of fifteen miles from Guildhall. Exeter.
Speclal Fund
Income of Ihe Special Fund shall be applied in any one or all of the following ways..
al In the maintenance and improvement of any voluntary aided Church of England School in the City of
Exeter.
bl In providing for Church of England Schools in the City of Exeter such special benefits of a kind not
normally provided by the local education authority.
cl In promoting the education (including social and physical training) of persons under the age of 25
years who have al any time attended as pupils of a secondary school in Exeter and who are in need
of financial as51Stance.
Acland Fund
Net incomes of the Acland Exhibition Fund to be paid to the Governing Body of Exeter School and applied
by the school for the benefit of persons who have not attained the age of 25 years, who are attending, or
have for not less than three years attended, Exeter School and are in need of financial assistance.
Financial assistance can be for school scholarships, clothing. books, tools etc, for a profession, trade or
calling, scholarships lo travel abroad for education, studying music or other arts, prizes for students
attending Exeter School, grants to organised parties to travel abroad.

Page 2
St John's Hospital Educational Foundation
Report of the Governors for the year ended 31 December 2024
Objectives and Activities (continuedl
Public Benefit
The Foundation provides benefit lo the public in three areas..
To individuals and organisations who apply to the Foundation for financial assistance within the
tems of the Orphan Fund or Special Fund las set out on page 11.
To Exeter School where the funds are used for educational purposes including lo supplement sixth
form bursaries and awards offering up to the full tuition fees.
To The Maynard School where the funds are used for advancing education including the provision
of means tested bursaries of up lo 1000/0.
Review of activities
The Govemors, long-term strategy is to maintain a sound investment base to produce reasonable income
and capital growth. The investment base has been built up over recent years by selling the Foundation's
freehold interest in various farms in and around Clyst Sl Lawrence, Nr Exeter, Devon.
The Governors 501d the last residential property, Willis Cottage, together with a small amount of
Tepurchased land, on 2 August 2006.
The Governors have already diversified the investment base and acquired a freehold commercial propety
in 2001, with a view to obtaining a reasonable rental income along with capital growth.
During the year ended 31 December 2024 the Govemors reviewed the pertomance of the investment
portfolio and interviewed alternative providers. CCLA Investment Management were appointed to replace
Brewin Dolphin and commenced active management on 4 November 2024.
The Charity made donations and grants lolalling £95,988 for the year. Further details are sel out in note
5. This includes "other grants" to eighteen individuals or organisalions, including amounts of up to £500 to
various individuals {to help with the cost of education. expeditions and Irainingl
After taking into account the grants made during the year, and the income due from the General Fund lo
the Special Fund for the yearjust ended, the Foundation has accumulated undislributed income as follows:_
2024
2023
General fund
Special fund
Orphan fund
Acland fund
24,801
13,598
24,941
12.165
Total
38,399
37.106
The Governors expect lo distribute most of these funds by awarding grants to qualifying individuals and
schools over the next year.

St John's Hospital Educational Foundation
Page 3
Report of the Governors for the year ended 31 December 2024
Achievements and Performance
Achievements
The General and Acland fund net income 15 paid on in full to the appropriate beneficiaries each year.
The Special fund made awards to individuals and schools lotalling £13,250 during the year leaving
accumulated funds of £24.801 undislributed at the year-end, and the Orphan fund made awards tot811ing
£565 leaving accumulated funds of £13,598 undistributed.
Investment Parformance
For the year ended 31 December 2024 the value of investments increasedl Idecreasedl and yields were
as follows:
2024
Value
2023
Value
Index Value at
31.12.2024
Yield
Yield
Brewin DolphinlCCLA portfolio
UK-FTSE 100 capital return
MSCI PIMFA balanced index
Capilal return
6.83
5.69
3.24
5.61
3.77
3.20
8,173
193.56
8.16
7.73
Financial Review
Porman6nt endowment
At 31 December 2024 the Foundation had Permanent Endowment valued at £2,865,176 as set out in note
9. The Governors are satisfied that a fair proportion of the Foundation's management and administration
expenses ar8 met each year out of income generated from th8 Permanent Endowment. part of which may
be applied for this purpose.
Investment powers and policy
The FoLJndalion's Governing Scheme does not include any specific investment powers so the investment
powers are now as granted by The Trustee Act 2000, which came into force on 1 February 2001,
The Foundation's policy is to invest ils pemanent endowment in investments and property as listed under
fixed asset5 on the balance sheet. The investments comprise direct stock market investments managed
by Brewin Dolphin until 4 November 2024, and by CCLA from 4 November 2024. The primary investment
objective is a balance be￿een income and capital growth subject lo a medium level of risk. No investment
strictions or limitations apply to the portfolios.
The investment portfolio is currently managed by CCLA.
Managemont and adminlstratlon costs
During 2011 Governors agreed that for the year ended 31 December 2011 and subsequent years..
800/0 of Brewin Dolphin management charges will be treated as a capital expense;
It is no longer appropriate lo allocate a proportion of the Brewin Dolphin and Francis Clark
management charges to the Orphan and Acland Funds.
Govemors subsequently agreed that from 1 January 2014..
900/0 of Brewin Dolphin management charges will be Ireated as a capital expense.
From 4 November 2024 all CCLA management charges are treated as a capital expense.

St John's Hospital Educational Foundation
Page 4
Report of the Governor's for the year ended 31 December 2024
Financial Review (continued)
Reserves
Al 31 December 2024 ther8 were reserves tolalling £38,399 representing accumulated income of the
Special and Orphan Funds. The Foundation does not need to accumulate reserves and its policy is to
distribute accumulated income when suitable applicants are identified.
Legal and administrative information
Governors and charlty trustees
The Foundation's Governors are the charity truslees of Sl John's Hospital Educational Foundation {'the
charity-l. and have all serned in offlce throughout the year and lo the dale of this report except where
indicated.
They are..
Govèrnors
Date of first
Appointment
Ex Officlo Governor
The Right Worshipful The Lord Mayor of Exeter
Represantatlve Governors
Miss R Edbrooke
Lady J Stanhope
Mr A P Foster
Miss S M Wilheridge
28.11.14
01.06,17
27.05.21
27.05.21
Co-optatlva Governor8
Mr D McGahey (Chairman)
Mr T V Knapp (Vice-chairman)
Mrs G Redman
Mr P Holland
Mr M Caines MBE DL
Mr A Langdon
Mr P Randall
25.07.18
16.06,04
20.03.02
29.07.20
01.08.22
16.09.22
19.06.24
Clerks
PKF Francis Clark LLP, Chartered Accountants, Centenary House, Peninsula Park. Rydon Lane, Exeter,
EX2 7XE.
Bankers
Bank of Scotland. 33 Old Broad Street, London, EC2N 1HZ
Investment Advlser
RBC Brewin Dolphin, Vantage Poinl. Woodwater Park, Pynes Hill, Exeler, EX2 5FD (to 04.11.24)
CCLA Investment Management, 1 Angel Lane. London, EC4R 3AB (from 04.11,241
Independent examlner
Streets Bush Limited, Chartered Accountsnts, 2 Bamfield Crescent. Exeter. EX1 1QT

St John's Hospital Educational Foundation
Page 5
Report of the Governors for the year ended 31 December 2024
Structure, Governance and Management
Constitution
St John's Hospital Educational Foundation is a Trust. which can be traced back over 850 years to 1170.
The present Constitution is based on a Scheme dated 25 October 1935 and alterations sealed on 26
November 1958 and 10 May 1988 and as amended by a S74D resolution dated 18 November 2009. The
Trust has charitable status, charity registration number 306676.
Appointment of Governors
A maximum of four Representative Governors appointed by Devon County Council for a period of four
years expiring May 2025.
A maximum of seven Co-optative Govemors appointed by the Governors of St John's for a period of five
years.
Administratlon
The Governing Body meet three times a year (being as far as possible, the third Wednesday in the months
of March, Jun8 and November) to deal with the business of the Foundation.
A Finance Sub-committee, currently comprising the Chairman, Vice-chairman, Lady J Stanhope and Mr A
Foster, meet wilh Brokers on an ad-hoc basis to discuss investment strategy and performance.
There is also a policy statement whereby the Chairman and Clerk meel regularly to deal wlh grant
applications up to a maximum of £500 {increased from £400 April 20201.
The administration of the Foundation has. over recent years, been streamlined by the div8Stmenl of prize
fund investmenls and lump sum payments in lieu of future annual payments.
On 24 January 2011 the three separate investment portfolios for the General, Orphan and Acland Funds
were merged lo reduce administration. The valuations at that date were..
General Fund
Orphan Fund
Acland Fund
1,292,244.06
30,166.59
66,235.89
93.058
2.172
4.770
1,388,646.54
100.000
Following subsequent additions to the General Fund, the combined investment portfolio is now apportioned
as follows-.
General Fund
Orphan Fund
AGland Fund
93.884
1.909
4,207
100.000
Relationshlp with Other Charities
Under the Governing Scheme a total of six-sevenths of the charity's annual surplus shall be paid to Exeter
School and The Maynard School. These schoo15 are both registered charities in the City of Exeter.

Page 6
St John's Hospital Educational Foundation
Report of the Governor's for the year ended 31 December 2024
Structure, Governance and Management (continued)
Related parties
During the year, the following govemors were governors ofthe schools ofwhich receive the charity's annual
surplus..
David McGahey (Chairman) govemor at Exeter School
Rowan Edbrooke governor at Exeter School
Sarah Witheridge govemor at The Maynard School
Peter Holland governor at The Maynard School
Phil Randall headlea¢her at Sl Peter's C of E Aided School
Michae1 Caines works with Exeter College via Th8 Michael Caines Academy
Rlsk management
The Governors have assessed the major risks lo which the Foundation is exposed and are satisfied that
systems are in place to mitigate those risks. The major risks identified are.,
Investment risk the risk of financial loss is miligaled by regular performance monitoring.
Loss of key slaff - the Clerk to the Governors has arrangements in place lo ensure that there is no
loss of key documentation or knowledge.
Insurance risk, of our key asset, Castle House - mitigated by landlords and tenants, insurance
cover.

Page 7
St John's Hospital Educational Foundation
Statement of Governors, Responsibilities
Charity Law requires the Govemors as the trustees of the Charity to prepare financial statements for each
financial year which give a true and fair view of the Charity's financial activities during the year and its
financial position at the end of the year.
In preparing the financial statements the Govemors should follow best practice and
Select suitable accounting policies and apply Ihem consistently.,
Make judgements and estimates that are reasonable and prudenl.,
Follow applicable accounting standards and the Charities SORP. disclosing and explaining any
departures in the financial statements., and
Prepare the financial statements on the going concern basis unless it is inappropriate to assume
that the Charity will continue in operation.
The Govemors are responsible for keeping accounting records, which are such as to disclose, with
reasonable accuracy. the financial position of the Charity at any time, and to enable them as trustees to
ensure that the financial slalements comply with charity law. The Govemors are also responsible for
safeguarding the Charity's assets, and hence for taking reasonable steps for the prevention and detection
of fraud and other irregularities.
18th June 2025

Page 8
St John's Hospital Educational Foundation
Independent examiner's report to the Governors of St John's Hospital Educational
Foundation
I report on the accounts of the Foundation for the year ended 31 December 2024. which are set out on
pages 9 to 21.
Respective responsibilities of Governors and examiner
The Charity's Govemors are responsible for the preparation of the accounls. The Charity's Governors
consider that an audit is not required for this year under section 144(21 of the Charities Act 2011 (the 2011
Act) and that an independent examination is needed. It is my responsibility lo:
examine the accounts under section 145 Df the 2011 Act..
follow the procedures laid down in the General Directions giv8n by the Charity Commissioner under
section 145{5llbl of the 2011 Act., and
state whether particular matter5 have come lo my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity
Commissioner. An examination includes a review of the accounting records kept by the Charity and
comparison of the accounts presented with those records. It also includes ¢onsid&ralion of any unusual
items or disclosur8s in the accounts, and the seeking of explanations from you as Govemors concerning
any such matters The procedures undertaken do not provid& all the evidence that would be required in
an audit, and consequently no opinion is given as lo whether the accounts present a 'lrue and fair view.
and the report is limited lo those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention..
Which gives me reasonable cause lo believe that. in any material respect, the requirements:
To keep accounting records in accordance with s8Ction 130 of the 2011 Act., and
To prepare accounts which accord with the accounting records and lo comply wth the
accounting requirements of the 2011 Act have not been mel.. or
To which, in my opinion. attention should be drawn in order lo enable a proper underslanding of
the accounts lo be reached,
Mrs Sunny Truran FCCA, FCA
Streets Bush Limited
Chartered Accountant5
2 Barnfield Crescent
Exeter
EX1 1QT
Dated.. 11 fjILb] 7aLs

Page 9
St John's Hospital Educational Foundation
Stat¢rn¢nt Of Flnanclal Actlvltl•$ ISOFAI
Year Ended 31 D8combgr 2024
P•nMnont Endowm•nt & Restrict
Fund6
P•mi•nent
fndowm•nt Fu#d8
G•n•ral
Total
Total
s￿¢111
Orphan
Acland
2024
2023
Mot•
Incom•
Inv8slm•nl Income
111.661
1.396
3,077
116.134
109.275
Tot•1 In¢om•
111,M1
J.OTT
116.134
109.275
E¥p•ndltur•
Costs ofraiw funds.
Invosimani mana9•w•nl co¥ls
17.124
214
471
I T,809
19.095
Expendituro on ¢hntablo acifvttlos.
Grani maklng activi1￿5
91,340
13.250
565
3.077
108.232
106.348
T+)tsl •xp•ndi¢ur•
108.484
1J,250
779
3.$48
126,041
125.443
Nol r•aY5e(S Ib550yVy8in$ on Invesimgnl4
G&n8llk)58e$l on r•valualion tsf
Inv8simonis
125,393
2.550
5.619
133.562
111.6431
608
1.340
31.854
141.977
N•t IncoTh•ll•xp•ndltur•l lor
th• y•ar b•lor• tr•n•f•ri
159.496
113.250
3.775
8,488
155.509
114.166
TrDn$l•r b•M*•n lun
13.110
800
In¢om•ll•xp•ndltur•l for
th• y••r Alt•r trin•f•v•
144.T88
11401
4.375
6,488
155,509
114.186
N•1 m•v•m•ht Ir* lund•
144.ri6
4,375
8.488
155,509
114.168
Funda brought forward
al l January 2024
2.572.953
24.941
55.243
94.929
2.748,(A6
2.633.500
Fundi eirrl•d lomard
al JI D•c•mbgr 2Q24
2,711,739
24.801
59,618
101.417
2,9Q3.575
2.748,066

Page 10
St John's Hospital Educational Foundation
8alan¢e Shèèt
As at 31 December 2024
Permanent Endowmènt & R•gtrl¢ted
Funds
Pormanent
Endowmont Fund$
G•n•ral
Total
Totsl
8poclal
Orphan
AGland
2024
2023
Not•
Flx•d As¥ets
Inve$lm8nls
Inv981rngnl Property
13
14
2.283.235
475,000
46.020
101,417
2.410.672
475,000
2.256.454
475.01)0
2,738,235
46,020
101.417
2.885.872
2,731.454
Curf•nt A•••ts
Deblofs
Cash al bank
15
17.077
75.993
13,110
11,691
6QO
12.998
30,787
103.759
18.892
104.999
3,077
93.070
24,801
13.598
3,077
134.546
123.891
Cradllors. Amounts fallino
due within one ygar
17
113.$68
3,077
116.843
107.279
N•t Current ILl•bllltyVA•801•
120,4961
24,801
13,598
17,gOJ
16.612
N•t A•••t•
2.717.739
24,801
S9,618
101.417
2.903.575
2.748.066
Th• lund• ol th• ¢h4rlty
Reslficled lund8
P8rman8nl 8ndosvmoni
24,801
13.598
46,020
38.399
2.865.176
37,106
2.710.960
2,717.739
101,417
Total charity fvndB
2,717,739
24.801
59,818
101.417
2,903,575
2.748,066
Approved by th¢ Governors on
18th June 2025 anLI si9ned on their b•half by
Thg nolgj on page5 11 10 21 form part of Ih•se 8ccounl¥.

Page 11
St John's Hospital Educational Foundation
Notes formlng part of Ihe financial statements
Year Ended 31 December 2024
Sl John's Hospital Educational Foundation meets the dehnits'on of a public benefit onlity under FRS 102.
The financial statements have been prepared on a going concern basis and the Trugtges are not awar&
ol any material uncertainties that would cast doubl on the charity's ability lo ￿ntinUe as a going concern.
1 Status ¢1 Trust
Th• purpose of the Injsl is lo provide financial assistance lo promole educaknon. mainly in the City of Exet8r.
The Iru$l has 0XlSt8d lor 670 years Ind the position was clartried by a scheme sealed by tho Charity
Commissioners dated 25 October 1935 and alterations sealed on 26 November 1958 and 10 May 1988
nd as amended by a S74D resolution dated 18 November 2009.
Historically the "trustees" and'lrusl. are referred lo as 'governors' and "foundation. respectively. Thes
historical lerrns are Used throughout the financial Statements.
The foundation i¥ a Regisl8r8d Charity. ragistration number 306676.
2 Prln¢lpal a¢¢ounllng poll¢l••
The financi81 stalemènis arè prèpared under the hlsloricas cost eonvenlion a8 modified by the
ravaluallon of Inveglm6nl8 and In accordance with app11cable accounting $18nJards,
Charities Acl 2011 and Ihg Charits'es Slal&m¥nl of Rgcomm&nded Pr8cll¢o IFRS 1021.
4. Ac¢urnulat•d Fund4
P•nnan•nt Endowm•nt
The Foundation's Permanent Endowmenl comprises the General Fund. The movgmenls lor Ihe
year, as s&1 out In note 9, r&pr88enl the effecl ol the revaluation ol Ihtr underlying inv¢$lm¢nls and the profiVIo85
on radamplion ol c8rtain gills and dSsposal ol othar inveslm8nl$.
R•8td¢t•d Fund$
Rosldcled Funds, ag set oul in note 9, comprisè Ihe Special, Orphan and Acland Fun¢J¥. Th& rgslri¢lions that apply
10 oach fund are a$ 801 oul in tho Govgming S¢heme, as $ummari8ed in the Governors. Report.
b. Inv••tm•ntB and Inv•slm•nt Incum•
Stock morkgl Invostmont$ ar6 ghown al fair value 91 th8 balAnc8 gheel dat8. Any gain or loss on revaluallon
is taken to ¢he SOFA. Inveslmenl income is aceounled lor in the period in %4thich the Foundalion is entitled lo
receipt. Accrued interest on gill Inve51menls is accounled lor by way ol the annual revaluation adjuslmenl. The
investment property 1$ valued by Governors al lair value at Ihg balanc& shaal dalo.
¢. Exp•ndlturn
Expendlture Is accounlod for on an a¢cnJals basi5 and ha5 been ¢185sifgd under haadings that aggr*gato all
costs relallng lo th& ¢alggory. Where Costs c8nnol be dir&¢lly allribuled lo an a¢livily they havo b¢en allocalgd
lo activitie5 on a basis consistent wth the Ltse of resources. The all(￿atIon of 5upporf costs is set out in Note 6.
d. Gr•nts and bursarl•$
Grants and bursaries awarded Irom restricted funds are included as 8xpend¢turg in the period the granl 1$
ornmiiied, subject lo the 5ali8f8clion of any performance related clauses.
Valu• Add•d Tax
Th& Foundation is regislored lor Value Added IVATI wilh effecl Irgm 1 August 21X)2. Expenditure in
these financial slalemenls in¢liJdes irre¢overable VAT where appropriate.

Page 12
St John's Hospital Educational Foundation
Noto8 fomilng part of the flnanclal statèmènts
Year Ended 31 December 2024
Ca*h balance
Cash al bank and cash In han(J r8presenls amounts held to meel short-lemi cash commitments as Ih8y
fall due. This includ85 cash and Short 18rrn d8P051ts with 8 ffl8turity of thr89 rnonths or loss from the
dale ol acquisition or opening ol the account.
D•btors
Trade and olher dobtors are r*cognised at the $8111èmenl amount duo aftèr any Irada dlscount offered.
Prgpoyrngnt5 are valu•d ai the amount pr8paid less any Irada discounts duè.
Cr•dllor8 and provlslon•
credito￿ and provisions are recognised whgr8 the tharity h89 8 pr888nl obligation f•suMing from a past
evenl that will prDbably result in thè Iransler ol funds lo a Ihlrd party and the amount due lo Sollle the
obligation can be measured or eslimaled reliably.
Flnanclal In•trum•nt•
The Trusl only h38 financial assals ol a kind that qualify as bask financial instruments i.e cash,
inve$tm8nls, short-ièm dèbtors and cr8dllors, which aw initlally recorded al transaction valuè.
Inve$tmgn¢s ar• r8valued al rnarkal value Ihrough the slalemonl of financial acllvitlg¥.
Porman•n¢
Endowm•nt
Funds
Gonoral
P•rman•nt Endowm•nl & R••tdet•d
Funds
Orphan
Totjl
2024
Total
2023
Sp•¢l*l
A¢land
3. Inv•stm•nt Incom•
Dlvldènds and Int•rest
Bank interest
Rent
68.668
993
42,000
1.396
3,077
73,141
993
42,000
fj7,139
136
42,000
111.661
1,396
3.077
116.134
109,275
4. Inv•8tm•nt management co$t•
Prop8rty Insurance and managemg111
Brewin Oolphin fee- rev8nu8 1 OYO
- capilal 90%
Support COSts (Note 61
2,059
1.491
10,513
3.061
2.059
1,491
11.198
3.061
2,398
1.405
12.642
2.650
214
471
17.124
214
471
17,809
19,09S

Page 13
St John's Hospital Educational Foundation
Notes forming part of the fSnanclal $tat6ments
Year Ended 31 December 2024
Pemianent
Endowmènt
Fund¥
GonOTal
P•rnian•nt Endowment & R•$ltl¢t•d
Funds
Orphan
Total
2024
Total
2023
Sp•clal
Acl•nd
5. Grant maklng actl￿tle%
Annual payments
Other grant5
Flnanclal dislribulions (Extrlor and
Maynard Schools)
Support costs INote 61
432
432
16,892
432
20.672
13,250
565
3.077
78.664
12.244
78,e64
12,244
74,644
10.600
91.340
13,250
565
3,077
108.232
106,348
6. Support ¢o•ts
Clerks, 5818ry
Independent examinatlon
M¥oling 6xpanse5
Sundry expenses
12.628
1.419
12,828
1.419
11,453
1,358
80
359
1.258
1.258
1 S.305
15,305
13,250
Allocaied.
Inv•slmenl managernenl cosl$120%1
Grant m8king aclivitiès180%1
3.061
12.244
3.0$1
12,244
2.650
10,600
15,305
15,30S
13,250
G•n•ral
8p•cl•l
Orphan
AGland
2024
2023
7. Oth•r r•cognls•d galn¥ and 19$¥•8
Raalised gainslllossesl.,
Equitro$
Fixed Interest
Proporty
128.000
12,6071
2.603
1531
5.736
136.339
12.7771
111.8711
228
125,393
2,SSO
5,619
133.582
111,6431
Unrealised gain51llos5esl'.
Equillès
Fixed Interest
Prop8ty
29.906
608
1.340
31,854
134,234
7.743
29,906
608
1,340
31,854
141.977
155,299
3.158
6,959
165.416
130.334

Pag• 14
St John's Hospital Educatlonal Foundation
Notes formlng part ot thé flnancial statements
Year Ended 31 December 2024
8. Tranlfers belw¢¢n Fynd$
Tha annual Irans18r ol funds Irom General compnses".
£13. 100- Iran51w ol 117th ol annual surplus lo Spgcial Fund
£600- Iransfer ol fixed annual payment tD Orthon Fund
P•mwn•nt
Endowm•nt
Fund?
G•ner•l
P•muMnt Endowm•nt & R••trl¢t•d
Fund•
Orpha
Sp￿la1
A¢l•nd
2024
2023
g N•t Movemefit¥ In fundjk
R•sttkt•d lunds
Al l January 2024
M¢ivem•nls for year
24.941
11401
12.165
1.433
37,106
1.293
40.631
13,5251
At 31 D8￿Mb￿ 2024
24.801
13,$•8
38,399
37.106
P•rm•n•nt Endowm•nt
Al 1 January 2024
Movemen1$ lor Iho year
2.572.953
144.786
43.078
2,942
94,929
6.488
2.710,9eo
1S4,211
2,593.289
177.691
At 31 D•cembgr 2024
2.717,739
46,020
101,417
2.865.176
2.710.960
Tot•1 Funds
Ai l January 2024
Movemonls lor th8 y•ar
2.572,953
144,786
24,941
11401
55.243
4.375
94,929
6,488
2,748,066
155,509
2,e33.900
114.166
At 31 D￿eMtser 2024
2.717.739
24.801
59.618
101,417
2,903.575
2.748.Q66
10. G•n•ral lund rang••
N•t Currnnt
Prop•rty
Inw$lm•nt•
8•n
Total
At 31 Decernber 2023
475,000
2. 118.447
78.109
198.6031
2.S72,9S3
At 31 D•cofflb•r 2024
475.000
2.283.235
75,993
196.4891
2.717.739
11. Staff nvmbers Jnd ¢o•tJ and r•lat•d p8rty tran¥actlon•
The Fourk1alK)n do8s not omploy any 51aff. Adrninijtratlon 1$ carried out by the partners, lorw parfnar
and staff of the Clerks. Me55rs PKF Francis Clark LLP. Cthqrtefed knountants.
2024
2023
f•os paid to Clerk, includiThJ unr•cov•rabl• VAT
12,620
11.453
Tru81•88 ar• nol r8rnuneraled. and are not reimbursed for amending me•lings.
Thero no r6laittJ party transactions during the y￿r
12. Indewnd•nt ¢x¥nln•r l•
2024
2023
Fees paid to the Independenl oxaminer
Including unrecoverabl8 VAT
1,419
1.356

Pgge IS
St John's Hospital Educatlonal Foundation
Notes formlng part of the flnanclal stat?monts
Year Ended 31 December 2024
13 In¥•stmonts
2024
2023
At 1 January 2024
Addilions al G051
Dispo&al proceeds
G8insllloss881 on di8P05HIs
Gainslllosse$i on revaluation
Movam8nl in castvdebltys
2.256.454
2.B94,048
12,8&2,9581
133.562
31.854
122.2881
2.096.342
547.295
1415,7831
111.6431
141.917
1103.7341
At 31 DK8mb8r 2024
2.410.672
2,256,454
Holillng
Coit
M•rk•t
D•l*ll• ol Inv•$tmant• fonn•rfy held by 8r•wln Oolphln and now h•ld by CCLA
31.12.24
Ab8rdeon Asian Mangl Isold 28.05 241
Aberforth Smaller Coys Tw$1 (SO￿ 28 10 241
Admiral Group Isold 28 05.241
¢on Ag l$old 28.10.241
Phabo11341 boughl 22 03.24. 28 10.241
AJn8zon1247 boughl 22 03.24. sold 04.11241
Apple l$dd 2103 241
Ashload Group l$Jd 04 11.241
Bae Sys18rns l$old 28 10.241
9orr8tt Devalopm8nls1501d 28 10.241
B8rksbiro HO￿aWaY Isr)kl 28.05.241
Bnllsh T81ocom 6 375% 22.03.241
Close 8ros Group Isold 02.02.241
Co¢a.Co18 l$dd Q4 11.241
DBX Tracker MSCI J•p8n Index l>old 28.10 241
DlJg80 Plc150k104.11.241
F•$tonal Com 18dd 28.10.241
Fldollty Eur Valu*1gold 28.10 241
Fld811ty UCITSICAV Isold 28. 10.241
Fll Invi SeThices IPacificl18old 29 10 241
Flrnt Seniier Inve$imenis IUKI Isold 28.10.241
Glaxosmilhkllne1501d 28.10.241
Greon¢oal UK Wlnd l&dd 04.11.241
Halo¢n Iwid 28 10.241
Home Depot Inc15dd 28 10 241
In$iltullon81 Cash S8ri88110.000 sold 25.03 24, 10.000 $old 09 10 24. 39.945 sdd 28 10.241
In18rconlinBnlal Ex¢hango1375 bought 30 05.24. 04 11.241
I ShBre9 (sold 28.10 241
John Lang EnvKonmenl81 A8S811sokl 28.10.241
JP Morgan Asiaft Inve$imenl TfU51 Isold 28 10.241
J.P Morg8n Chase & Co Isol(J 28.10 241
Carried Irxworo lo pag? 18

P4y I•
st John's Ho•pttal Edueatlonal Foundatlon
Not•1 formlng part olth• flnanclal •tatèm•nt•
Ytrat Ertd•d 31 O•c•mb•r 2024
Jt.11.24
I tr(¥n p•gv 15
Ligii Ahd G•n•f41 14.182 fthihl 22 OJ Y. I7.08?*￿¢ 1110231
LWI f58 8ankkng tsr￿P ?1 OJ
F￿>137 02 24 240 25 03 24 143 tthghl 29Q524 420 ￿￿￿29 10 241
1465 Wt JO OS 24 28 10 211
kknogon 1121 btyJ¥thl 22 03 24. Iohyo4 11 241
Ml 122.828 iwjht 29 05 24 *ohJ 29 10 241
N•itt• 1228b(W122 OJ 24. 01 11 241
North Am w¢r*i1*￿ 28.05.241
No¥wt¥ lyohy 28 10.24
Nuvd*D G￿b￿lI• 061 bwyhl 2002 24 29 10 241
T•ch Iiusl I5Lrfd 26 10 24
PDDc•i• PiiyJl• 2805 241
20 10 241
20 10 211
RDYAI SW 18 10 241
0202
8thr[￿￿* Aw 159 278 29 05 24 xèj 29 10 241
Inv•4trnoDt Fund kg 1() 241
$¢tyityJ•t Unrt Titsii 19 Od ?41
Sthrty2•t• VTG I￿0 20 IU 241
schwab ICh•TipJl C￿[10￿1 28 10 241
Styro l? e6? hJJghl ?? 02 24 WJ 11241
.Wthrns I￿￿1 22 03 241
i 2a 10 241
T*b*Jf b*ry•y i*owJ 28 10 241
errw9ty Trwiil¢￿ 28 10241
UK Go¥wnrMn14 125% ZJ 10 241
Urthw PLC 28 10 241
S&P IT OTS J(*9 (19al ?1 1817 24 10 241
In¥••lm•ni Furth TJ 10 ZII
CQIF Ch•Arth•i ￿V￿l￿aTrI FL￿d [1> 129 01 11 24. IQZ.420 bwl 05 11 24. 402 t￿¥hI l l 11 24
2 J7>.J17
2.407 172
2.31S.317
?.401.172
• CCLA r• rndmor ￿￿•1m•￿t
2J7&•1T
2.410.•72
FthJ
{￿ph￿ Fw
193 884%)
2.203 230
46020
14 207%1
2.41•.172

PJg• 17
St John's Hospital Educational Foundation
Not•s fornilng part of Ihg flnan¢lal stat8m•nts
Y•ar Ended 31 Decomber 2024
14. G•n•rnl fund I￿v￿tm•￿t property
C•¥th Hou•• and yirnga8, 21 Southornhay Eut. Ex•t•r
2024
2023
Al 1 January 2024
Revaluation during tho ￿¥r
475,000
475.000
AI 31 Docombor 2024
475,000
475.000
The prop•rty 1$ val￿0 by Ihg Governor5 al open markel v41utr
15 D•btty•
Permanent
Endowrn•nt
P•rm•n•nt Endowm•n14 R•itrt¢t•
Fund>
Orphan
Tot•1
2014
Tot•1
2023
Sp•cl•l
A¢l•nd
COIF dividends
Brewn Oolphift In¢om¢ a¢counl
Prepayment
Slrqfon Cr•ber Commeici81 ftoai
16,877
18.677
5.452
350
50
350
31JO
50
17,077
17,077
5.152
From genernl fund
ylo gran
13,110
600
13,710
13,040
17.077
13,110
000
30,787
18,892
16 Ca•h It b•nk
e•nk tyf s￿111nd
75.993
11.691
12.998
3,077
103,759
lQ4,999

Pago 18
St John's Hospltal Educational Foundation
Notes formlng part of the financial statements
Year Ended 31 December 2024
17. Cr•dltors- amounts falllng due wllhin one year
Permanent
Endowmant
Fund$
Gon•ral
P•rnianent Endowm•nt & R•strlcted
Funds
Orphan
Total
2024
Totsl
2023
Speclal
Acland
Final dislribulions for year..
Exeter School
aynard School
ro Sp8cial & Orphan Fund
Brewin Dolphin management les
Clark's le&s
Amount due lo CCLA
B3A Costs
Indop&ndent 8xamlnation
Rent recelved in advance
VAr
Annual Paymont3
39.332
39,332
13.710
3,077
42,409
39,332
13,710
40.146
37,322
13,040
3,500
3,690
3,500
3.690
3.500
30
1,500
10,500
1,108
864
i.soo
10,500
1,108
1.400
10,500
939
432
113.568
3,077
118,843
107,279
P•rforman¢• r•l4t•d grants
The following special fund grynts havè bèèn awarded bul not yel In¢luded as a payment or Ilability as th¢ payment
1$ dep&nd&nl on Iho performance ol a projecl approved by lh8 Governor& ol Sl Johns..
Si Sidwell'8 Prlmory S¢hool
Sl David's Primary School
7.500
7.500
15,000

Page 19
St John's Hospital Educational Foundation
Notes forming part of the financial statements
Year Ended 31 December 2024
18. Distrlbutlon of General Fund balanc? of net income
2024
2023
Balance of net income (before distributions)..
Investment Income
111,661
105,169
Less..
Investment Management Costs (note 4)
Grant making activiti6s (note 5)
Annual payments
17,124
12,244
1,032
18,322
10,600
1,032
30,400
110,513)
29,954
111,8691
Less Brewin Dolphin fee8 capital expense (90¥01
19,887
18,085
Balance available for distribution
91,774
87.084
Distributed..
Exeter School
13ri)
Maynard School {217)
Speci81 Fund
11171
39,332
26,221
13,110
39,332
39,332
13,110
37,322
37,322
12,440
13,111
(6rii
78,663 (1171
13.111
91,774
87,084
19. Grants to Instltutions
2024
2023
St Leonard's Prirnary School
St Peter's C of E Aided School
St Michael's Primary School Heavitree
Pinhae C of E Primary School
7,500
2,398
7.500
6,300
1,200
8,700
16,198

Page 20
St John's Hospltal Educatlonal Foundatlon
Notes formlng part of the financlal statements
Year Ended 31 December 2024
20, Statement of Financial Activlti88 - Comparative Infomiallon
Year ended 31 December 2023
P•m)an•nt
Endowrnont
Fund8
G•noral
Panranent Endowmont &
Rostrlcted Funds
Spo¢lal Orphan Acland
Total
2023
Income
Inve51mertl in¢ome
105,169
1,282
2.824
109,275
Total In¢ome
105,169
1,282
2.824
109.275
Expendltur&
Costs ofraising lunds..
Inwestmeni management co818
18.322
241
532
19,095
Sxpe17ditur8 on charilablfy a¢livitl88.'
Grant making a¢llvstie5
85.676
17,848
2,824
106,348
Total expendlturo
103,998
17.848
241
3,356
12S,443
Nel realis&d Ilossesllgains on investments
Gainslllosses} on revaluation of
Investments
110.9311
12221
14901
111,8431
133,294
2.710
5.973
141,977
Net lexpendllurelllncom¢ for
th• year before tran8fern
123.534
117.8481
3.529
4,951
114,166
Transfer between funds
112,0401
12.440
600
Nel lexpendilur8llincomg lor
the year aftar transfgrs
110,494
15.4081
4,129
4.951
114,168
Nel movement in funds
110.494
15,4081
4,129
4.951
114,166
Funds brought fopNard
al 1 January 2023
2.462.459
30,349
51.114
89.978
2,633,900
Funds ¢8rried forward
at 310eGofflb¢r 2023
2,572,953
24.941
55.243
94,929
2.748.066

Pag• 21
St John's Hospital Educational Foundation
Notes forniing part of the financial statements
Year Ended 31 December 2024
21. Net Movements In funds - Comparatlve Inlorniatlon
Yoar ond•d 31 Dacomber 2023
Permanent
Endowment
Funds
General
Permanent Endowment &
Rastricted Funds
Sp8¢lal
Orphan
Total
2023
Acland
Not Movomonts Sn fundj
Restrlcted funds
Al 1 January 2023
Movements for Ihe year
30.349
15.408
10,282
1,883
40,631
13,5251
Al 31 December 2023
24,941
12,165
37,106
Permanent Endowment
Al 1 January 2023
Mov8rn8nls for the year
2,462,459
110.494
40,832
2.246
89.978
4,951
2,S93.269
117,691
Al 31 December 2023
2,572,953
43,078
94,929
2,710.960
Total Funds
Al l January 2023
Movements for the year
2.462,459
110,494
30,349
15,408)
51.114
4.129
89,978
4,951
2,633.900
114,166
Al 31 Decembor 2023
2,572.953
24,941
55,243
94,929
2,748,066