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ST NICHOLAS HOSPITAL

Registered charity 214916 · accounts filings on the Charity Commission register

Almshouse - providing accommodation for people in need of assistance.

Causes: The Prevention Or Relief Of Poverty · Accommodation/housing · Religious Activities · website · Get email alerts

Latest income
£313k
Latest spending
£279k
Registered
1963
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity's unrestricted reserves were £102,879, which the trustees consider adequate to maintain operations for at least six months without income from monthly maintenance contributions. The charity reported a net increase in resources of £47,079 for the year, driven by investment gains and property sales, resulting in total net assets of £6,650,115. The trustees and auditors confirm the financial position is satisfactory with no material uncertainties regarding the charity's ability to continue as a going concern.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: six months of unrestricted expenditure (held: £103k)
“The Trustees aim to maintain free reserves which will allow the charity to operate for at least six months without income from the Monthly Maintenance Contributions.”
Per its FY2024 accounts as filed with the Charity Commission.
Payments to trustees: The Master, who is also ex-officio a Trustee, is entitled under the Charity Commission Scheme 1961 to receive a salary paid out of the income of the charity... The emoluments of the Ven C J Baston were £26,648 salary plus £7,066 for Clergy pension contributions... The Rev D Gardiner was appointed as Master from that date and received emoluments of £5,384 salary plus the Charity made payments of £119 to the Nest pension fund.
“Except for the Master, none of the Trustees received any emoluments or benefits or reimbursement for expenses for acting as Trustees in 2024 or 2023. The Master, who is also ex-officio a Trustee, is entitled under the Charity Commission Scheme 1961 to receive a salary paid out of the income of the charity” — page 14
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The Master, who is also ex-officio a Trustee, is entitled under the Charity Commission Scheme 1961 to receive a salary paid out of the income of the charity and also to reside at the Master's House at the Hospital, free of rent, rates and taxes. The charity also pays the heating costs. The emoluments of the Ven C J Baston were £26,648 salary plus £7,066 for Clergy pension contributions. There were no other related party transactions. The Ven C J Baston retired on 28 October 2024. The Rev D Gardiner was appointed as Master from that date and received emoluments of £5,384 salary plus the Charity made payments of £119 to the Nest pension fund.
“The emoluments of the Ven C J Baston were £26,648 salary plus £7,066 for Clergy pension contributions. There were no other related party transactions. The Ven C J Baston retired on 28 October 2024. The Rev D Gardiner was appointed as Master from that date and received emoluments of £5,384 salary plus the Charity made payments of £119 to the Nest pension fund.”
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Fletcher & Partners. Discloses 5 of 6 completeness components.

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Wiltshire

Income and spending

Financial year endIncomeSpending
31/12/2024£313k£279k
31/12/2023£231k£241k
31/12/2022£238k£273k
31/12/2021£225k£290k
31/12/2020£217k£234k

Common questions

Is ST NICHOLAS HOSPITAL financially healthy?

Per its FY2024 accounts: The accounts state that the charity's unrestricted reserves were £102,879, which the trustees consider adequate to maintain operations for at least six months without income from monthly maintenance contributions. The charity reported a net increase in resources of £47,079 for the year, driven by investment gains and property sales, resulting in total net assets of £6,650,115. The trustees and auditors confirm the financial position is satisfactory with no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were audited by Fletcher & Partners.