Charity registration number 1003230
Company re8iStration number 2614194 {England and Wales)
POLESWORTH GROUP HOMES LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

POLESWORTH GROUP HOMES LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Dr S Barratt
Mrs G Irons
Mr D Lockwood
Mr F Price
Mrs M Bourne
Mr R Boucher
Secretary
Mrs C Forbes
Senior management
L Smith
C Forbes
Chief Executive Officer
Head of Finance/Company
Secretary
Charity number
1003230
Company number
2614194
Registered office
Laurel End
Laurel Avenue
Polesworth
Nr Tamworth
5taffordshire
B78 ILT
Auditor
Burgis & Bullock
23-25 Waterloo Place
Leamington Spa
Warwickshire
CV32 SLA
Bankers
HSBC
3A Queens Road
Nuneaton
CVII 5JL
Solicitors
Rutherfords
Ventura House,
Ventura Park Road
Tamworth
Stafford5hire
B78 3HL

POLESWORTH GROUP HOMES LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Investment advisors
Adler Financial Planning
Prudent House
50 Yardley Road
Acocks Green
Birmingham
B27 6LG

POLESWORTH GROUP HOMES LIMITED
CONTENTS
Pa8e
Trustees, report
i-io
Statement of Trustees, responsibilities
li
Independent auditor's report
12-15
Statement of financial activities
16-17
Balance sheet
18
Statement of cash flows
19
Notes to the financial statements
20-35

POLESWORTH GROUP HOMES LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
The Directors/Trustees submit their annual report and audited accounts for the Charity's activities during
the year ended 31 March 2024.
Charity name and registratlon numbers
The Charity's full name is Polesworth Group Homes Limited. Its registered Charity No. is 1003230. It is also
registered as a Company Limited by Guarantee, registration No. 02614194.
Ob
ertlves and activities
The principal objectives of the Charity are to assist people with severe learning disabilities in the provision
of accommodation, support and wider lrfe-enhancing opportunities.
The main activities of the Charity are the provision of residential care and domiciliary care Ilong-stay
services} and the provision of respite care and daytime care/opportunities (short-stay services) for adults
with learning disabilities. The Charity offers meaningful activity to support service users, identified
outcomes.
In order to meet and further the Charity's objectives, the following policies have been adopted, which
guide all of the Charity's activities:
The Charity aims to enable users of its services to live as fulfilling a life as possible, taking account of
their disabilitles. It wishes to enable them to use a wide variety of facilities in the local community.
The Charity supports the principles enshrined in The Care Act 2014 which places specific
responsibilities on Local Authorities. The Charity aTnis to provide the right amount of care and support
to help people to achieve maximum independence, and by acquiring or re-acquiring basic skills, help
them to achieve their full potential.
The Charity recognises that people with learning disabilities are fellow citizens who lose none of their
rights on account of their disabilities. It aims to uphold the rights of people to be consulted about
their wishes and feelings and to have the opportunity for these views to be aired through the
promotion of advocacy.
The Charity also recognises the special needs of people who are significantly dependent on others,
and that the exercise of rights involves responsibilities, duties and obligations. Therefore it believes
that a sensible and sensitive approach should be adopted in pursuit of its objectives,
The Charity values the significant part played by families and carers. It wishes at all times to consult
them concerning the opportuntties for people with disabilities to participate more fully in the lrfe of
the community.
The Charity values opportunities to work in partnership with local authorities to promote the interests
of people with learning disabilities. It welcomes opportunities to work with other agencies and
professional workers.

POLESWORTH GROUP HOMES LIMITED
TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
Success criteria
The criteria or measures that the Charity uses to assess success in the Teporting period are, in reality,
measured on an individual basis by the outcomes achieved by each and every service user. However more
tangible measures of success are the popularity of our service5 (vacancy rates) and the outcome of
inspections by the external regulator, the Care Quality Commission {CQCI. Performance of the Charity
duringthe year to 31 March 2024 is detailed below-see Achievements and performance,.
Significance of volunteers
During the year to 31 March 2024 volunteers have again been involved in the Charity's activities. During
the year three volunteers have worked with the charity. The volunteers complement the work of
employees, primarily by providing additional resource to help service users live their lives as
independently as possible and widen the range of activities and experiences that we are able to offer
service users.
All Trustees undertake their role voluntarily.
Public benefit
The Trustees have considered the Charity Commission's guidance on public benefit. The beneficiaries of
the Charity's work are adults With learning disabilities {service users) and, indirectly, members of their
families and/or their carer5. Most service users are from the local area, although the Charity does support
people from other areas when there is spare capacity. Users of the Charity's facilrties are means-tested
and the cost of meeting their needs is met by local authorities where personal funds are insufficient.
The activities of the Charity also provide benefit for the wider public by providing employment and skills
development in the local area and by developing links with the local community and educational
establishments. In doing so the lives of our service users are enhanced and the Charity's activities educate
the wider public about learning disability and how people with learning disabilities can best be supported
to fulfil their individual potential.

POLESWORTH GROUP HOMES LIMITED
TRUSTEES, REPORT {CONTINUED)(INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
Aside from the provision of our services as described above, the Charity provides public benefit in the
local community and in supporting national events,
Specific examples during the year include:
Service users regularly accessing a local fitness hub, operated by North Warwickshire Borough
Council and accessing other exercise sessions tailored to people with disabilities.
SeNice users and staff delivering a performance of "Strictly Got Talent" to parents/carers and
other members of the local community.
Producing window displays for the local community to enjoy e.g. Halloween, Remembrance Day,
Guy Fawkes night, Christmas, Coronation.
Pen Pal / writing service for family and friends.
Joint activities with pupils from a local primary school e.g. Arts project with local artist Darrell
Wakelan, Save the Children Christmas jumper day and Christmas carol service.
Service users taking part in 'Race for Life'_Cancer Research U.K.
Visiting the local Polesworth Abbey for candle lighting services forfriends and loved ones.
Engagement with other community organisations e.g. Fire Service, Atherstone and Coleshill Police,
RSPB National Bird Watching, National Farming Union, local Library, Polesworth Memorial Hall,
NWBC Leisure Centre and swimming pool, National Space Centre - Leicester, local bowling alley,
Atherstone Visitor and Heritage Centre, Canal Project- Canal and River Trust, The Canal Museum
at Stoke Bruerne, The Hargreaves Narrowboat Trust.
Service users have accessed local parks, shops, cafés, garden centres, community venues, local
monuments and landmarks, farms and local churches.
Service users have volunteered at a local donkey sanrtuary.
A litter picking project continues in partnership with North Warwickshire Borough Council.
During the year the Charity has continued its relationship with a local Primary School Academy. service
users have taken part in activities at the schools or with the schools and pupils have had the opportunity
to understand more about the lives of people with learning disabilities. The relationship is beneficial to
service users, the local school children and the wider community alike and we plan to continue these links
in future years.
The Charity has also developed its relationship with a local secondary school and has been able to
welcome five students on placements for sixth form enrichment. This weekly commitment aims to give
the students understanding of what a volunteer is and a fulfilling experience of how their time can be used
to impact service user lives positively as well as provide business support.
A member of the management team and two service users took part in a Careers Fair as part of the 'World
of Work, week at the same local secondary school. This opportunity enabled the Charity to showcase its
work and highlight different career paths both locally and nationally within the health and Social care
sector. The seEvice users discussed the support that they receive and students gave first hand accounts of
their experience volunteering with the Charity.
A ex-student of the school who has previously completed work experience with the Charity has started
Level 2 Adult Care Apprenticeship with us since year end.

POLESWORTH GROUP HOMES LIMITED
TRUSTEES, REPORT {CONTINUED){INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
Additional benefits provided by the Charity to service users include assisting with cost5 incurred in moving
home. Where the Charity rents properties to people with learning disabilities as tenants, levels of rent are
set so as to ensure as far as possible that tenants, liabilities are covered by housing benefits, even when
the resulting rent is below the local market rate. We also SUPPOrt service users who find themselves living
on their own, having previously had a shared living arrangement. We 5ubsidise the rent for the properties
that they live in, while supporting them to find alternative accommodation that they can afford within
their financial means.
Achlevements and rformance
At 31st March 2024, the Charity provided long-stay services for 31 12023, 341 people in its registered
homes and for 1812023, 161 people Iwing in their own homes. The total number of places available in
residential care homes has decreased by one year on year. A new care home has been opened during the
year for four people121 Newborough Closel replacing a home that used to accommodate five people164-
66 Long Street), The new care home is a bungalow specifically renovated as a care home. This change is
part of the Charity's long term aim of ensuring that it can continue to meet the needs of service users who
have, or develop, mobility issues.
The Charity's building based day opportunities service was used by 20 people as at 31st March 2024 (2023,
20 people}, including 912023, 71 who live in long stay premises owned by the Charitv.
A maximum of six respite care place5 are usually available at any one time in the Charity's registered
respite service.
The success of the Charity in meeting its aims and objectives is, in reality, measured on an individual,
person-centred basis by the outcomes achieved by each service user. More tangible measures of success
are the popularity of our services (vacancy ratesl and the outcome of Inspections by the external
regulator, the Care Quality Commission ICQC}. During the year to 31st March 2024 the vacancy rate in
residential care homes was 7%12023, 10%). In 2023, 64-66 Long Street had a vacancy all year because it
was not going to be filled due to the planned closure of the home. Taking this situation into account the
vacancy rate for the prior year was also 7%. At the date of signing there are four vacancies in residential
care across the organisation, with active referrals ongoing for all of them.
The vacancy rate in tenancies offering supported living accommodation was 7%12023, 10%). Howeverthis
was partly because two places were filled by temporary respite service users for part of each year.
Removing this impact the vacancy rates are l%12023, 3%). At the date of Signing there is one vacancy in
supported living accommodation.
There were two vacancies at our day service as at 31st March 2024. At 31st March 2024 there were 45
service users accessing the respite service (2023, 401.

POLESWORTH GROUP HOMES LIMITED
TRUSTEES, REPORT {CONTINUED)(INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
One forrnal inspection by the CQC has been carried out during the year ended 31st March 2024, at Laurel
End registered care home. All registered services have a current rating of 'Good'. In order to prloritise their
inspection activity, in 2021 the CQC introduced monthly 'desktop' reviews of available data. A statement is
then published on their website for lower rlsk services to let provldefs and the public know that the CQC
have not found any evidence that they need to re-assess the current rating. All services had this statement
as at 31st March 2024 and continue to have this statement in place since year end. The Chief Executive
maintained regular contact with the CQC as appropriate throughout the year.
During the yearthe Charity sold two properties that were previously used as supported living services. The
service users who had lived at these properties remain in long term accommodation with the
organisation.
In May 2023 the Charity held its usual annual consultation meeting with nearest relatives/carers of service
users. The Charity continues to consult users of its services throughout the year and these discussions
enable the Charity to provide services in keeping with users, and carers, needs and wishes. The Charity
recognises the support of parents and carers of service users in supporting its activities and operations.
The Charity has continued to work closely with Warwickshire County Council in providing places in long-
stay registered care homes. The Charity also continued to participate in the Council's Framework
Agreements for supported living, respite care and daytime opportunity services until 315t July 2023. The
Charity was successful in tendering for a new contract to continue delivering these services from 1st
August 2023. Thi5 is the Community Service5 for Working Age Adults with Learning Disabilities Contract,
the specific relevant Lots being Comrnunity Opportunities, Independent Living and Overnight Short
Breaks. The Charity also contributes to provider forums hosted by Warwickshire County Council, one of
the aims of which is the continuous improvement of the services commissioned. The Charity works with
Staffordshire County Council and Northamptonshire County Council to deliver services to a small number
of people and welcomes the opportunity to work with different local authorities to meet the needs of
service users.
The Charity has not undertaken any significant fund-raising activities during the year. However the charity
has received donations of groceries from Ocado with an approximate value of £40,000 (2023 £37,000).
The Charity would like to acknowledge the continued generosity received from Ocado.
No material expenditure has been incurred during the year to 315t March 2024 to raise income for future
periods.
The Charity is confident that it can work with local authorities to steadily increase uptake of respite
services, Frailty of service users and resultant increasing service user turnover in residential care as well as
increasing pressure on budgets year on year is also of genuine concern. The Charity continues to await the
announcement of central government plans to reform the funding of adult social care which have been
further delayed by the Labour government elected in July 2024. Local Authorities continue to be under
significant financial pressure themselves and we will continue to work with them to explore ways of
delivering our vital services in a financially vlable manner.

POLESWORTH GROUP HOMES LIMITED
TRUSTEES, REPORT (CONTINUED){INCLUDING DIREcfoRS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
Staff Trolnlng Opportunities
The Charity tske5 the view that staff training and development are crucial in maintaining the quality of its
services and therefore In achieving its objectives.
Our training needs analysis has been refreshed during the year to ensure that all appropriate training is
being delivered and that the method of delivery is optimal for both the needs of staff and for the nature of
the content. Sorne training remains classroom based or face to face in smaller groups. Our e-learning
offering has expanded. Staff meetings are used for refreshers or updates for some specffic focus topics and
virtual classrooms have been used since year end for the delivery of Level 3 Diploma courses.
All new staff complete the Care Certificate. This is an identified set of standards that health and social care
workets adhere to in their daily working life. Training has also been provided for all mandatory courses as
well as a broad range of other topics as deemed appropriate and necessary. During the year the Charity
has invested in resource to Improve induction training and support for those completing the Care
Certificate. The company has also expanded the number of courses offered via e-learning, where this
method of leaming is effertive. This means that our training offering is increasingly broad and varled.
For a number of years, the Charity has enabled staff members to obtain Diplomas in Health and Social
Care. At 31st March 2024, the Charity had a total of 114 staff employed in direct care-giving roles, of whom
67 (59%} were qualrfied to Diploma/Level 2 or 3 or equivalent level.
A mernber of the management team 15 currently studying for a Level 5 Diploma in Leadership and
Managernent for Adult Care. A Senior Care Support Worker is training to become a Makaton Tutor and the
skills acquired are already being used to benefit service users and the wider staff team. Once qualified the
aim is to involve the local community in Makaton sessions.

POLESWORTH GROUP HOMES LIMITED
TRUSTEES, REPORT {CONTINUED)(INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
Financial review
The Charity has made a surplus forthe year which enables it to continue to invest in its ongoing activities.
Detailed accounts are attached to this report. It is appropriate to draw attention to the following items:
The Charity's funds have been applied solely in pursuit of its objectives in either direct charitable
expenditure or in its management and administration.
The Charity's assets are all held forthe purpose of pursuing its objectives. There are no material
differences in values to those shown on the accounts.
During the yearthe Charity has purchased one vehicle for £28,995. It disposed of five older
vehicles that were surplus to requirements or no longer met service user needs. Two properties
were disposed of and the surplus generated was £228,421.
The Charity has a satisfactory financial position at the balance sheet date. No fund5 are in deficit.
The Trustees have discussed the matter of the Charity's reserves. In view of the Charity's
responsibilities as an employer and the continuing uncertainties over future funding sources, the
trustees agreed that it is appropriate to maintain a general reserve equivalent to the net book
value of tangible fixed assets plus half the past year's expenditure. Reserves at 31rt March 2024
are above this level by £191,534. Howeverfunds to the value of £270,000 are designated.
£270,000 of reserves are designated as at 31 March 2024 for future investment in property and
assets, summarised below:
Description
i. Replacement office building
ii. Adapted vehicles
iii. Part refurbishment of care
homes
iv. Air conditioning- offices and
are homes
v. Computer hardware upgrade
Designated funds
loo,000
iio.000
20,000
Experted timing
2025/26
2024/25
2024/25
22.OCrf)
2024-2026
18,000
2024-2026
No amounts are otherwise committed as at 31 March 2024. The following is relevant inforrnation with
regard to the Charity's reserves as at 31 March 2024:
. Amount of reserves
ii. Amount of any restricted funds
iii. Amount of ￿serveS fund that can
only
be realised by disposing of tangible fixed assets
Iv. Amount of reserves after making allowance
or ii) and iiil above
5,006,137
2,923,505
2,082.632

POLESWORTH GROUP HOMES LIMITED
TRUSTEES, REPORT {CONTINUED)(INCLUDING DIREcfoRS' REPORT}
FOR THE YEAR ENDED 31 MARCH 2024
The Charity's relationship with local authorities has continued to prosper, through contracts for the
provision of long-stay {residential care and supported living) and short-stay (respite and daytime
opportunity) services. The great majority of the Charity's seniice users originate from within the
County of Warwickshire and the Charity acknowledges the financial support of Warwickshire County
Council. the principal funding source for the Charitvs activities.
The Charity has invested for the medium to longerterm in funds which are expected to provide capital
grovrth in keeping with the agreed reserves policy. The fund5 are deemed appropriate for Trustees and
the inve5tment5 have been acquired and held in accordance with the powers available to the Trustees.
The Trustees will take social, environmental or ethical considerations into account when making any
new investments.
The Charity and its Trustees do not hold any assets on behalf of any other body.
The factors rnost likely to affect future financial performance or position are the increasing pressure
on operational costs, vacancy levels in respite and residential care services and the funding pressures
within Local Authority and the NHS, bodies upon which the Charity depends. These factors will impact
the Charity's ability to generate an appropriate surplus to sustain and improve activities. The extent to
which this affects the charity's existing activities will depend on local and central government policy,
The Trustees will continue to consider any strategic changes necessary to safeguard the future of the
Charity.
Plans for future
eriod5
The Charity's overall aims and objectives remain consistent. The Charity will continue to work under
contracts with Warwick5hire County Council and to complete any appropriate tender exercises for
contracts or Framework Agreements with Warwickshire County Council and nearby local authorities.
The Charity aims to retain a Good inspection rating from the CQC for all of its registered services, and is
aiming for Outstanding inspection ratings or some elements of Outstanding.
The Charity will continue the implementation of a care management system to drive efficiencies in
operations and increased use of technology.
The Charity's Trustees believe that it5 reputation for providing excellent services, financial stability and the
continued positive support from service users, families/carers, will enable it to meet future challenges
with confidence.

POLESWORTH GROUP HOMES LIMITED
TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
Structure Governance and Mana
ement
The Charity is governed by its Memorandum and Articles of Association, These also govern its status as
Company Limited by Guarantee.
Overall responsibility and control rests with the Board of Directors who are also Trustees of the Charity.
The Board meets each quarter and is updated on the activities of the Charity. The Board also determines
strategic policy issues.
New Trustees are appointed by the Board after identifying areas of expertise which may be of benefit.
New Trustees are appointed in accordance with the guidance set out in the Health and Social Care Act
2008 (Regulated Activities) Regulations 2014: Regulation 5. New trustees are inducted by the Company
Secretary and existing Board members and by the provision of information issued by the Charity
Commission regarding the role of Trustee.
The key management personnel of the Charity are the Chief Executive and Head of Finance/Company
Secretary.
The Charity's facilities and services are in the day-to-day control of the Chief Executive. At 315t March 2024
four Registered Managers had responsibility for a total of seven registered care homes, one of them also
having responsibility for the Charity'5 domiciliary (supported living) service and one of them also having
responsibility for the Charity's daytime activity service. An Assistant Manager works alongside the
Registered Manager5 and an Artivities Co-ordinator supports the Registered Manager of the daytime
activity Service. The￿ are a number of Senior Carelsupport Workers and Care/Support Workers at the
various registered homes. domiciliary locations and daytime activity services. At its two largest registered
homes the Charity employs cooks and domestic workers. There are also three gardeners/handymen who
undertake gardening and maintenance work at all locations.
The Company Secretary has day-to-day control of the Company's financial affairs. The Company Secretary
is a Chartered Accountant {ICAEW).
The Company's training and induttion programme for new staff members is carried out in keepin8 with
the standards required by the Care Certficate. The Care Certificate is a set of minimum standards that
social care and health workers adhere to. The Assistant Manager has also continued their role of Policy
and System Implementation Support Officer. They lead responsibilities for staff qualifications, training and
developrnent.
There are secretarial, accounting and administrative stsff assisting in the managernent and administration
of the Charity.
The Charity employed a total of 127 staff at 31M March 2024.

POLESWORTH GROUP HOMES LIMITED
TRUSTEES, REPORT (CONTINUED){INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
The pay and remuneration of all employees, including management, is reviewed and agreed on an annual
basis by the Pay Award Sub-committee, a sub-committee of the Board. The pay and remuneration of all
employees, including the Charity's management, is set fairly and in accordance with their responsibilities
by reference to local market and sector pay rates.
The Trustees and senior managers formally reviewed the register of the principal risks faced bythe Charity
at their meeting in January 2024. Systems and procedures have been established to manage risks. External
risks to funding are reduced by the Charity's policy on reserves. Internal risks are minimised through:
Robust and thorough policies and procedures
Training and supervision of staff
Regular consultation with service users and family carers
Regular Board meetings and Trustee visits to services
Internal controls in particular financial controls, security controls and insurance.
Auditor
A resolution proposing that Burgis & Bullock be reappointed as auditors of the Charity will be put to the
members.
Disclosure of Information to auditor
Each of the Trustees'/Directors' have confirmed that there is no information of which they are aware
which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they
have taken appropriate steps to identify such relevant information and to establish that the auditor is
aware of such inforrnation.
The Trustees'/Directors' report has been prepared having taken advantage of the small companies
exemption in the Companies Act 2006.
Signed on behalf of the Board of Trustees/Directors:
Dr S Barratt
Trustee
Dated:..ZÉ-. q. aL
10-

POLESWORTH GROUP HOMES LIMITED
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees (who are also Directors of Polesworth Group Homes Limited for the purposes of Company law}
are responsible for preparing the D1￿CtOrS. Report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice).
Company law requires the Trustees to prepare financial statements for each financial year, which give a true
and fair view of the state of affairs of the charltable company and of the incoming resource5 and application
of resources, including the income and expenditure, of the charitable company for the year. In preparing
these financial statements, the Trustees are required to:
select suitable accounting policies and then apply them consistently;
observe the rnethods and principles in the Charities SORP;
• make judgements and estimates that are reasonable and prudent.
state whether applicable UK Accounting Standards have been followed, subject to any material
departures disclosed and explained in the financial statements.
prepare the financial ststements on the going concern basis unless it is inappropriate to presume that
the charitable company will continue in operation.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at
any tirne the financial position of the charitable company and enable them to ensure that the financial
statements comply with the Companies Act 2006. They are also ￿spOnsIble for safeguarding the a55ets of
the charitable company and hence for taking reasonable step5 for the preventior7 and detection of fraud and
other irregularities.
In so far as the Trustees are aware:
there is no relevant audit information of which the charitable company's auditor is unaware; and
the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant
audit information and to establish that the auditor is aware of that information.
11

POLESWORTH GROUP HOMES LIMITED
INDEPENDENT AUDITOR'S REPORT
TOTHE MEMBERS OF POLESWORTH GROUP HOMES LIMITED
Opinion
We have audited the financial statements of Polesworth Group Homes Limited (the 'Charity') for the year
ended 31 March 2024 which cornprise the statement of financial activities. the balance sheet. the ststement
of cash flows and notes to the financial ststements, including significant accounting policies. The financial
porting framework that has been applied in their preparation is applicable law and United Kingdom
Accounting Standard5. including Financial Reporting Standard 102 The Financiol Reporting 5tondard
applicable in the UKond Republic of Irelond (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial Statements:
give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its
incorning resources and application of resources, including its income and expenditure, for the year
then ended,.
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for oplnlon
We conducted our audit in accordance with International Standards on Auditing {UKI {ISAs {UK)} and
applicable law. Our responsibilities under those standards are further described in the Auditors
responsibilities for the oudit of the finonciol statements section of our report. We are independent of the
Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements
in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in
accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the Trustee5' use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events
or conditions that, individually or collectively, may cast signrficant doubt on the Charity's ability to continue
as a going concern for a period of at least twelve months from when the financial statements are authori5ed
for issue.
Our responsibilities and the responsibilities of the Trustees wtth respect to golng concern are described in
the relevant sections of thi5 report.
12-

POLESWORTH GROUP HOMES LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TOTHE MEMBERS OF POLESWORTH GROUP HOMES LIMITED
Other information
The other information comprises the information included in the annual report other than the financial
statements and our auditor's report thereon. The Trustees are responsible for the other information
contained within the annual report. Our opinion on the financial statements does not cover the other
infomiation and. except to the extent otheThvise explicitly stated in our report. we do not express any form of
assurance conclusion thereon. Our responsibility is to read the other information and. in doing so, consider
whether the other information is materially inconsistent with the financial statements or our knowledge
obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such
material incon5iStencies or apparent material misstatements, we are required to determine whether this
gives rise to a material misstatement in the financial statements themselves. If, based on the work we have
performed, we conclude that there is a material misstatement of this other information, we are required to
reportthat fact.
We have nothing to report in this regard.
Opinlons on other matters prescrlbed by the compani￿ Act 2006
In our opinion, based on the work undertaken in the course of our audit:
the information given in the Trustees, Report, which includes the Directors, report prepared for the
purposes of company law, for the financial year for which the financial statements are prepared is
consistent with the financial statements; and
the Directors, report included within the Trustees, report has been prepared in accordance with
applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the Charity and its environment obtained in the course of
the audit. we have not identified material misstatements in the Directors, report included within the
Trustees, report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006
requires us to report to you if, in our opinion:
adequate accounting records have not been kept, or returns adequate for our audit have not been
received frorn branches not visited by us. or
the financial statements are not in agreement with the accounting records and returns; or
certaln disclosures of trustees, remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit; or
the Trustees were not entitled to prepare the financial statements in accordance with the srnall
companies regime and take advantage of the small companies, exemptions in preparing the Trustees,
report and from the requirement to prepare a strategic report.
13-

POLESWORTH GROUP HOMES LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TOTHE MEMBERS OF POLESWORTH GROUP HOMES LIMITED
Responsibilities of Trustees
As explained more fully in the statement of Trustee5' responsibilities, the Trustees, who are also the Directors
of the Charity for the purpose of company law, are responsible for the preparation of the financial
statefflents and for being satisfied that they give a true and fair view. and for such internal control as the
Trustees determine is necessary to enable the preparation of financial statements that are free from material
misstatement. whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the Charity'5 ability to
continue as a going COn￿rn, disclosing, a5 applicable, matters related to going concern and using the going
concern basis of accounting unless the Trustees either intend to liquidate the charitable company orto cease
operations, or have no realistic alternative but to do so.
Auditorfs responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are
free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes
our opinion, Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted
in accordance with ISAS {UK) will always detect a material misstatement when it exists. Misstatements can
arise from fraud or error and are considered material if, individually or in the aggregate, they could
reasonably be expected to influence the economic decislons of users taken on the basis of these financial
statements.
Irregularities, including fraud, are instances of non-compliance with and regulations. We design
procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of
irregularities, including fraud. The extent to which our procedu￿$ are capable of detecting irregularities,
including fraud, is detailed below.
We gained an understanding of the legal and regulatory framework applicable to the Charity and the industry
in which it operates and assessed the extent of compliance with these laws and regulations as part of our
procedures on the related financial statement items.
Based on our understanding of the Charity and industry we identified that the principal risk of non-
compliance with laws and regulations related to breaches of Health & Social Care Acts, Human Rights Act,
Safeguarding, Mental Capacity Act, Health & safety and Environmental Regulations, GDPR, Charities Act
2011, Companies Act 2006 and UK Employment Law. We also evaluated management incentive and
opportunities forfraudulent manipulations of the financial statements.
14-

POLESWORTH GROUP HOMES LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF POLESWORTH GROUP HOMES LIMITED
Audit procedures performed included:
Reviewing returns made to Companies House. HMRC and the Charitie5 Commission-
Reviewing board minute5 for any evidence of breaches of law5 and regulations or fraudulent activity not
otherwise disclosed to the auditors-
Discussion5 Wlth management. including consideration of known or suspected incidences of non-
compliance with laws and regulation and fraud-
Identifying and assessing the design effectiveness of controls in management have in place to prevent
and detect fraud.
Challenging assumptions and judgments made by management in their significant accounting estimates
and assessing if these indicate evidence of management bias;
Reviewing the accounting records for large and unusual journal entrie5 and testing any identrfied and in
particular the rationale for any transactions outside the Charity's charitable activities,.
Reviewing the accounting records for large and unusual bank payments and testing any identified and in
particular the rationale for any transactions outside the CharitV'5 charitable activities,.
Testing a sample of debit entries in the income & expenditure account to check they are bona-fide costs
of the Charity and in line with the charitable objectives.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities,
including those leading to a material misstatement in the financial statements or non-compliance with
regulation. This risk increases the more that compliance with a law or regulation is removed from the events
and transaction5 reflected in the financial statements, as we will be less likely to become aware of instances
of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as
fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities is available on the Financial Reporting Council's website at:
httPS:/lwww.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of
Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the
charitable company's members those matters we are required to state to them in an auditor's report and for
no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibilÉty to
anyone other than the charitable company and the charitable company's members as a body, for our audit
work, for this report, or for the opinions we have formed.
Wende Hubbard FCCA Isenior Statutory Auditorl
for and on behalf of Burgis & Bullock
Chartered Accountants
Statutory Auditor
23-25 Waterloo Place
Leamington Spa
Warwickshire
CV32 SLA
15-

POLESWORTH GROUP HOMES LIMITED
STATEMENT OF FINANCIAL AcfiviTIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Current financial year
Unrestricted Unrestrictsd
funds
funds
general designatsd
2024
2024
Total
Total
2024
2023
Notes
Income and endowments from:
Donations and legacies
Charitable activities
Investments
Other incorne
52,247
3,937,825
19,772
5,279
52.247
3.937,825
19,772
5,279
61,630
3,599.133
5,173
2,287
Total income
4,015,123
4,015,123
3,668,223
Expenditure on:
Charitable activities
3,782.197
3,782,197
3.622,427
Total expenditure
3,782,197
3,782.197
3,622.427
Profrt on disposal of fixed assets
Net gains/(1055es} on investments
236.565
21,179
236,565
21,179
141,785
13,390)
12
Net incoming resources before transfers
490,670
490,670
184,191
Transfers between funds
(170.0001
170,000
Net movement in funds
320,670
170.000
490,670
184,191
Reconclliation of funds:
Fund balances at l April 2023
4,415,467
loo,000
4.515.467
4.331,276
Fund balances at 31 March 2024
4.736,137
270,000
5,006,137
4,515,467
The statement of financial activities includes all gains and losses recognised in the year. All income and
expenditure derive from continuinE activities.
16-

POLESWORTH GROUP HOMES LIMITED
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Prior financial year
Unrestricted Unrestricted
funds
funds
general designated
2023
2023
Total
2023
Notes
Income and endowments from:
Donations and legacies
Charitable activities
Investments
Other income
61,630
3,599,133
5,173
2,287
61,630
3,599,133
5.173
2,287
Total income
3,668,223
3,668,223
Expenditure on:
Charitable activities
3,622,427
3,622,427
Total expenditure
3,622,427
3,622,427
Profit on disposal of fixed assets
Net gain51{lossesl on investments
141,785
13,3901
141,785
13,390)
12
Net Incoming resources before transfers
184,191
184,191
Transfers between funds
100,000
iioo,000)
Net movement in funds
284,191
1100,000)
184.191
Reconciliation of funds:
Fund balances at l April 2022
4,131,276
200,000
4,331,276
Fund balances at 31 March 2023
4,415,467
loo,000
4,515,467
17-

POLESWORTH GROUP HOMES LIMITED
BALANCE SHEET
ASAT31 MARCH 2024
2024
2023
Notes
Fixed assets
Tangible assets
Investments
14
15
2,923,505
207,522
3,193,945
186,343
3,131,027
3,380,288
Cuffent assets
Stocks
Debtors
Cash at bank and in hand
16
17
7,091
382,920
1,648,225
11,891
326.977
940,224
2,038,236
1,279,092
Creditors: amounts falling due within
one year
18
{163.1261
{143,9131
Net current assets
1,875.110
1,135.179
Total assets les5 current liabilities
5,006,137
4,515,467
Net assets
5,006,137
4,515,467
The funds of the Charity
Unrestricted funds - general
Unrestricted funds - designated
4,736,137
270,000
4,415,467
100,000
20
5,lJ)6,137
4,515,467
The financial st*ements were approved by the Trustee5 on................ ..
Dr S Barratt
Trustee
Company registration number 2614194 (England and Wales)
18-

POLESWORTH GROUP HOMES LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Notes
Cash flows from operating activities
Cash generated frorn operations
26
336,987
140,240
Investing activities
Purchase of tangible fixed assets
Proceeds from disposal of tangible fixed
assets
Investment income received
{103,091)
1312,180}
454,333
19,772
165,349
5,173
Net cash generated from/(used in)
investing actlvlties
371,014
(141,658)
Net cash used in financing activities
Net increase/{decrease) In cash and cash
equivalents
708,001
11,418)
Cash and cash equivalents at beginning of year
940,224
941,642
Cash and cash equSvalents at end of year
1,648,225
940,224
19-

POLESWORTH GROUP HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Ac¢ountlng policies
Charity inforniation
Polesworth Group Homes Limited is a registered Charity {no 1003230} and a private company limited by
guarantee incorporated in England and Wales. The registered office is Laurel End, Laurel Avenue,
Polesworth, Nr Tamworth, Staffordshire, B78 ILT. No changes in principal activities occurred during the
year.
1.1 Accounting convention
The financial statements have been prepared in accordance the Companies Act 2006 and "Accounting
and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland {FRS 102} (effective l January 2019} The Charity is a Public Benefit Entity as defined by FRS
102.
The financial statements are prepared in sterling, which is the functional currency of the Charity.
Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical c05t convention, modified to include
the revaluation of freehold properties and certain financial instruments at fair value. The principal
accounting policies adopted are set out below.
1.2 Golng concern
At the time of approving the financial statements, the Trustees have a reasonable expectation that the
Charity has adequate resources to continue in operational existence for the foreseeable future. Thus
the Trustees continue to adopt the going concern basis of accounting in preparing the accounts.
1.3 Charitable funds
Unrestrirted funds are available for use at the discretion of the Trustees in furtherance of their
charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes
and uses of the restricted funds are set out in the notes to the financial statements.
1.4 Income
Income is recognised when the Charity is legally entitled to it after any performance conditions have
been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the Charity has been
notified of the donation, unless performance conditions require deferral of the amount. Income tax
recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the
time of the donation.
-20-

POLESWORTH GROUP HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policles
{Continued
Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending
distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is
treated as a contingent asset.
Donated goods are recognised wtthin donations and gifts and stock upon receipt and expensed as they
are used.
Grant income is recognised when the Charity is legally entitled to it after any performance conditions
have been met, the amounts can be measured reliab￿, and it is probable that income will be received.
Deferred income consists of resources received that do not meet the criteria for recognition a5
incoming resources as entitlement to the resource does not exist at the balance sheet date, e.g. grants
received relating specifically to a future period and income invoiced in advance of seNice5 to be
provided.
Income for charitable activities is measured at the fair value of the consideration received or receivable
and represents amounts receivable for goods and services provided.
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit
to a third party, it is probable that a transfer of economic benefits will be required in settlement, and
the amount of the obligation can be measured reliably.
Expendtture is classified by activity. The costs of each activity are made up of the total of direct Costs
and shared costs, including support costs involved in undertaking each activity. Direct costs attributable
to a single activity are allocated directly to that activity- Shared costs which contribute to more than one
activity and support costs which are not attributable to a single activity are apportioned between those
activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of
time spent, and depreciation charges are allocated on the portion of the asset's use.
All expenditu￿ is accounted for on an accruals basis and has been classified under headings that
aggregate all costs related to the category. Resources expended include attributable VAT in the
instances that it cannot be recovered.
21

POLESWORTH GROUP HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
{Contlnued)
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of
depreciation and any impairment losses.
Tangible fixed assets are stated at cost less depreciation or impairment. Depreciatiors is provided at
rates calculated to write off the cost less estimated residual value of each asset over its expected useful
life, as follows:
Freehold land
Buildings
Office equipment
Fixtures, fittings & equipment
Motor vehicles
50 years straight line
3 years straight line
3 years Straight line
5 years reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale
proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Fixed asset investments
Fixed asset investments are initially rneasured at trdnsaction price excluding transaction costs, and are
subsequently measured at fair value at each reporting date. Changes in fair value are ￿COgnised in net
income/(expenditure) for the year. Transaction costs are expensed as incurred.
1.8 Impalrment of fixed assets
At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to determine
whether there is any indication that those assets have suffered an impairment loss. If any such
indication exists, the recoverable amount of the asset is estimated in order to determine the extent of
the impairment loss lif any).
1.9 Stocks
Stocks consist of donated perishable goods held at retail value.
1.10 Cash and cash equivalents
Cash and cash equivalents include tash in hand, deposits held at call with banks, other short-term liquid
investments with original maturities of three months or less.
1.11 Financial instruments
Financial instruments are recognised in the Chartty's balance sheet when the Charity becomes party to
the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements,
when there is a legally enforceable right to set off the recognised amounts and there is an intention to
settle on a net basis or to realise the asset and settle the liability simultaneously.
-22-

POLESWORTH GROUP HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
(Contlnued)
Basicfinancial assets
Basic financial assets. which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amorti5ed cost using the
effective interest rnethod unless the arrangement constitutes a financing transaction, where the
transaction 15 measured at the present value of the future receipts discounted at a market rate of
interest. Financial assets classified as receivable within one year are not amortised.
Basicfinuncial liabilities
Basic financial liabilities, including creditors are initially recognised at transaction price unle55 the
arrangement constitutes a financing transaction, where the debt instrument is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilities classified as
payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost. using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary
course of operations from suppliers. Amounts payable are classified as current liabilities if payment is
due within one year or less. If not, they are presented a5 non-current liabilities. Trade creditors are
recognised initially at transaction price and subsequently measured at amortised cost using the
effective interest method.
Derecognition offinoncial liabilities
Financial liabilities are derecognised when the Charitrfs contractual obligations expl￿ or are discharged
or cancelled.
1.12 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's services
are recewed.
Termination benefits are recognised imrnediately as an expense when the Charity is demonstrably
committed to terminate the ernployrnent of an employee orto provide termination benefits.
1.13 Retirement benefits
The Charity operates two defined contribution pension schemes. Contributions are chaTged in the
financial statements a5 they become payable in accordance with the rules of the schemes.
1.14 Debtors
Debtors are recognised at the settlement amount due after any discounts offered. Prepayments are
valued at the amount prepaid after taking account of any discounts due.
-23-

POLESWORTH GROUP HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting poll¢ies
(Continued)
1.15 Creditors
Creditors and provisions are recognised where the Charity has a present obligation resulting from a past
event that will probably result in the transfer of funds to a third party and the amount due to settle the
obligation can be measured or estimated reliably, Creditors and provisions are normally recognised at
their settlement amount after allowing for any discounts due.
Critical accounting estimates and judgements
In the application of the Charity's accounting policies, the Trustees are required to make judgements,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily
apparent from other sources. The estimates and associated assumptions are based on historical
experience and other factors that are considered to be relevant, Actual results may differ from these
estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only
that period, or in the period of the revision and future periods where the revision affects both current
and future periods.
Support cost allocation
Support costs are allocated between the expenditure categories of the Statement of Financial Activities
on a basis designed to reflect the use of the resources. Costs relating to a particular activity are
allocated directly.
Income from donations and legacies
Unre5trirted Unrestricted
funds
funds
2024
2023
Donations and gifts
Grant income
41,737
10,510
42,363
19,267
52,247
61,630
-24-

POLESWORTH GROUP HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Income from donations and legacles
{Continued)
Unrestricted Unrestricted
funds
funds
2024
2023
Grants receivable for core activities
AduEt Social Care Infection Control funding
Workforce Developrnent Fund
Boiler Upgrade Scheme
Other
14,851
3,400
6.000
I,iio
4,416
10,510
19,267
Infection control grant income was received from central government and distributed by local
authorities to cover additional costs incurred by the charity in controlling infection during the
pandemic.
Government grants
During the year the charity received £10,510 {2023: 19,2671 of government grants.
4 Charitable activities
Long stay
seTvKes
Short stay
servi
Totsl
2023
1024
2024
2024
Accommodation, care and support services
3,391,013
546,812 3,937,825
3,599,133
Income from investments
Unrestricted Unrestricted
funds
funds
2024
2023
Interest receivable
19,772
5,173
-25-

POLESWORTH GROUP HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024.
Other income
Unrestricted Unrestricted
funds
funds
2024
2023
Contributions to meals
Solar panel income
2,508
2,771
1,488
799
5,279
2,287
-26-

POLESWORTH GROUP HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Charitable activities
Long Stay Short stay
services
services
2024
2024
Totsl Long stsy Short stav
2024
services
services
2023
Total
2023
2023
Staff costs
Depreciation and
impairment
Food and household
Daycare
Premises
Motor and travelling
Miscellaneous
Telephone
Printing, stationery and
cornputer costs
{Profit}/loss on disposals
of fixed assets
2,386,349
408,217 2,794,566 2,290,010
410.236 2,700,246
129.942
158,286
18,281
135,728
36.604
32.507
2,344
14.402
27,366
4,466
39,405
11,913
8,984
1,596
144,344
185,652
22,747
175,133
48,517
41,491
3,940
114.793
149,505
15,087
126,405
41,392
30,166
2,611
12,683
25,170
127,476
174,675
18,491
155,353
58,672
38,926
3,682
28,948
17,280
8,760
1,071
783
675
1,458
724
509
1,233
981
981
350
350
2,901.805
517,024 3,418.829 2,771,043
508,061 3,279.104
Share of support C05tS
(see note 91
Share of governance costs
(see note 91
305,163
49,208
354,371
288,571
46,302
334,873
7,748
1,249
8,997
7,282
1,168
8,450
3,214,716
567,481 3,782,197 3,066,896
555,531 3,622,427
Net movement in funds
2024
2023
The net movement in funds is stated after charging/{crediting):
Fees payable for the audit of the charity's financial statements
Depreciation of owned tangible fixed assets
5,695
155,763
5,348
140,091
-27-

POLESWORTH GROUP HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Support costs
Support Governance
costs
costs
2024
2023 Basis of allocation
Staff costs
Depreciation
Office costs
Premises
Motor and travelling
Sundry
{Profit}/loss on
disposals of fixed assets
232,231
11,419
29,212
27,800
6,555
47,946
232,231
11,419
29,212
27,800
6,555
47,946
219,330
12,615
24,950
25,239
6,539
46,200
{7921
(7921
Audit fees
Accountancy
5,695
3,302
5,695
3,302
5,348 Governance
3,102 Governance
354.371
8,997
363,368
343,323
Analysed between
Charitable activities
354,371
8,997
363,368
343,323
Support costs are allocated between the expenditure categories of the Staternent of Financial Activsties
on a basis designed to reflect the use of the resources. Costs relating to a particular activity are allocated
directly.
10 Trustees
None of the Trustees (or any persons connected with them} received any remuneration nor
reimbursement of expenses during the year.
-28-

POLESWORTH GROUP HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
11 Employees
The average monthly number of employees during the year was:
2024
Number
2023
Number
Accommodation, care and support staff
The Charity's management and administration
114
14
120
14
Total
128
134
Employment costs
2024
2023
Wages and salaries
Social security costs
Other pension costs
2,736,797
229,758
60,242
2,636,548
224,565
58,463
3,026,797
2,919.576
As at 31 March 2024, there were 9512023: 931 full time equivalent employees.
The number of employees whose annual remuneration was more than
£60,000 is as follows:
2024
Number
2023
Number
£60,000- £70,000
Remuneration of key management personnel
The remuneration of key management personnel wa5 a5 follows:
2024
2023
Aggregate compensation
134,245
129,010
-29-

POLESWORTH GROUP HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
12 Gains and105ses on investments
Unrestricted Unrestricted
funds
funds
2024
2023
Gains/llosses} arising on:
Revaluation of investments
Sale of investments
21,179
(3,5831
193
21,179
(3,390)
13 Taxation
The charÉty is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or
section 252 of the Taxation of Char8eable Gains Act 1992 to the extent that these are applied to its
charitable objects.
14 Tangible fixed assets
Land and
buildlngs
otrice fiMture5.fittirtAs Motorvehicle5
equipment
&equlpment
Totsl
Cost
At l April 2023
Additions
Disposals
3,929.950
8,832
(279,465)
45,342
430,098
510,798 4,916,188
1,728
63,536
28,995
103,091
(433) (36,186} (90,4461 {406,5301
At 31 March 2024
3,659,317
46,637
457,448
449,347 4,612,749
Depreciation and impairment
At l April 2023
Depreciation charged in the year
Eliminated in respect of disposals
988.931
67,097
163,989)
34,644
263,915
434,753 1,722,243
4,158
63,579
20,929
155,763
(433) (33.8991 (90,441) {188,7621
At 31 March 2024
992.039
38.369
293,595
365,241 1,689,244
Carrying amount
At 31 March 2024
2,667,278
8,268
163,853
84,106 2,923,505
At 31 March 2023
2,941,019
10,698
166,183
76,045 3,193,945
-30-

POLESWORTH GROUP HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
14 Tangible fixed assets
(Continued)
The net book value of land and buildings includes £19,488 (2023: £20,196} in respect of a leasehold
property which would revert to a third party should it cease to be used to accommodate adults with
severe learning difficulties.
15 Fixed asset investments
Unlisted
Investments
Cash in
portfollo
Total
Cost or valuation
At l April 2023
Valuation changes
Management fees net of interest
171.959
21,350
14,384
186,343
21,350
{171)
(171}
At 31 March 2024
193,309
14,213
207,522
Carryin8 amount
At 31 March 2024
193,309
14,213
207,522
At 31 March 2023
171,959
14.384
186,343
16 Stocks
2024
2023
Finished goods and goods for resale
7,091
11,891
-31

POLESWORTH GROUP HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
17 Debtors
2024
2023
Amounts lalllng due within one year:
Trade debtors
Prepayments and accrued income
156,057
226,863
139,083
187,894
382,920
326,977
18 Creditors: amounts falling due within one year
2024
2023
Other taxation and social security
Other creditors
Accruals and deferred income
53,223
68,604
41,299
45,144
60,398
38,371
163,126
143,913
19 Retlrement benefit schemes
Defined contribution schemes
The Charity operates defined contribution pension schemes for all qualrfying employees. The assets of
the schemes are held separately from those of the Charity in independently administered funds.
The charge to profit or105s in respect of defined contribution schemes was £60,24212023.. £58,463}.
-32-

POLESWORTH GROUP HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
20 Unrestricted funds - designated
These are unrestricted funds which are material to the Charity's attivities.
At l April
2023
Transfers At 31 March
2024
Replacement office
Adapted vehicles
Partial refurbishment of residential care homes
Air conditioning
Computer hardware upgrade
loo,000
loo,000
iio,000
20,000
22,000
18,000
iio,000
20,000
22,000
18,000
100,000
170,000
270,OIXI
Prevlous year:
At l Aprll
2022
Traftsfers At 31 March
2023
Renovations of planned residential care home
Replacement office
loo,000
loo,000
{ioo,000)
100,000
200,QM)O
{ioo,000}
100,000
21 Analysis of net assets between lunds
Unrestricted Unrestricted
funds
funds
general designated
Z024
2024
Total
2024
At 31 March 2024:
Tangible asset5
Investments
Current assets/lliabilities)
2,923,505
207,522
1,605,110
2,923,505
207.522
1.875,110
270,000
4,736,137
270,000
5,006,137
-33-

POLESWORTH GROUP HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
21 Analysis of net assets between funds
{Continuedl
Unrestrirted Unrestricted
funds
funds
general designated
2023
2023
Total
2023
At 31 March 2023:
Tangible assets
Investments
Current assetsllliabilitiesl
3.193,945
186,343
1,035,179
3,193,945
186.343
1,135.179
10),000
4,415.467
100,000
4,515,467
22 Financial ¢ommitments, guarantees and corrtingent Ilabilities
In respect of the Charity's obligations under a property lease the Charity would be responsible for the
cost, or part thereof, of the repair or replacement of the roof of the property. Their obligation
commencing at 100% of the cost reduces to nil over the 10 year lease term from February 2023. At the
balance sheet date the maximum estimated cost of replacement was £22,000, thereby resulting in a
potential liability of £19,800 at 31st March 2024.
23 Operating lease commltments
Lessee
At the reporting end date the Charity had outstanding commitTnents for future minimum lease
payments under non-cancellable operating leases, which fall due as follows:
2024
2023
Within one year
Between two and five years
In over five years
23,934
89,660
40,736
23,968
60,702
51,263
154,330
135,933
For the financial year ended 31 March 2024, the operating lease payments recognised as an expense in
the statement of financial activitie5 amounted to £29,366 (2023- £22,809}.

POLESWORTH GROUP HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
24 Events after the reportin8 date
Afterthe year end the charity sold one of its properties for £283,000.
25 Related party transactlons
There were no related party transactions in the year.
26 Cash generated from operations
2024
2023
Surplus for the year
490.670
184,191
Adjustments for:
Investment income recognised in statement of financial activities
Gain on disposal of tangible fixed assets
Gain on disposal of investments
Fair value gains and losses on investments
Depreciation and impairment of tangible fixed assets
{19,7721
{236.5651
15,1731
(141,7851
(1931
3,583
140,091
{21,1791
155,763
Movements in working capital:
Decrease/{increase) in stocks
(Increasel/decrease in debtors
Increase/ldecrease} in creditors
4,800
155,9431
19,213
12,2561
19,702
{57,9201
Cash generated from operations
336,987
140,240
27 Analysis of changes in net fvnds
The Charity had no material debt during the year.
-35-