ST VINCENT'S CHARITABLE TRUST
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Charity Number: 1014889
Company Number: 2721809
'AE8410JK*
1510912025
COMPANIES HOUSE
A10
#197

ST VINCENT'S CHARITABLE TRUST
FOR THE YEAR ENDED 31 MARCH 2025
Contents
Page
Reference and administrative information
Trustees, report
2-15
Independent auditor's report
16-18
Statement of financial activilies
19
Balance sheet
20
Statement of cash flows
21
Notes to the financial statements
22-32

ST VINCENT'S CHARITABLE TRUST
Reference and Administrative Information for the year ended 31 March 2025
Trustees
Fr John Patrick Deehan
Sr Kathleen Fox
Robert Christopher Horsburgh ,
William Parisutham
Jacqueline Ann Redrup
Dr Devkishan Chauhan
Gail Williams
Deepak Talwar3,4
Anthony Joseph Corish2,4
Martin Hopson '
Fr Tom Monlgomery
(resigned 21 November 2024)
(resigned 11 February 2025)
(resigned I l February 2025)
(resigned 28 April 2025)
(resigned 9 August 2024)
1 Member of Quality, Risk & Safety Sub-committee
2 Member of Remuneration, Staffing and Nominations Sub-committee
3 Member of Finance, Audil & Public Benefit Sub-committee
4 Member of Strategy Sub-committee
Company registered number
2721809
Charlty reglstered number
1014889
Registered office
Wiltshire Lane, Eastcote, Pinner, Middlesex, HA5 2NB
Company secretary
Kerry Secretarial Services Ltd
Independent Audltors
Xeinadin Audit Limited, 5 Robin Hood Lane. Sutton SM12SW
Bankers
Barclays Bank Plc, 355 Stalion Road, Harrow, Middlesex, HA12AN
Solicitors
Stone King LLP, 13 Queen Square, Bath. BA12HJ
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ST VINCENT'S CHARITABLE TRUST
Trustees, Report for the year ended 31 March 2025
Introduction
The Objects of St Vincent's Charitable Trust are:
to promote the relief of sickness by such charitable means as the Charity shall from time to
time think fit
to relieve need, suffering and distress, including through the provision of residential care
facilities
to advan￿ the Charitable Objects of the Roman Catholic Church
These are currently delivered through St Vincent's Nursing Home in Eastcote, which opened in 2006.
The origins of the Charity can be traced back to the decision of the Daughters of Charity of St Vincent
de Paul to send some of their Sisters from France to England in 1847. At that time London was not a
welcoming place for the Sisters and they returned home, but after ten years they were inspired to
return and have had a presence in England ever since.
Their charitable work has included:
Ihe opening of a Soup Kitchen near Westminster Cathedral
setting up a Home for disabled boys in Ruislip in 1910
development of an orthopaedic hospital which closed in March 2000 following government
reforms
The Charity was determined to carry on the traditions set by the Daughters of Charity and their Patron
St Vincent de Paul, whose motto is 'the Love of Christ impels us,.
In 2006 a new nursing home was opened and many of its first residents included Sisters of the
Daughters of Charity, who had retired after long and demanding lives of seniice in the hospital. The
number of these residents has diminished over time, and the Horne is open to all who are happy to
come to a Catholic Nursing Home.
An important value of the Home is that it should be a safe and secure place where the residents feel
they can live out their lives without the threat of having to move again.
A proportion of our profit goes into a Public Benefit Fund which is used to help those who run out of
resources to ensure that no one who comes to St Vincent's will be turned out because they cannot
pay their way. Only the operating staff receive a salary. This is an important aspect of our object of
relieving need, suffering and distress.
The long lifespan of many residents continues to pose a challenge for the Home and the trustees.
How do we continue to meet the requirements of our residents? What facilities need changing and
updating and what new ones are required?
The Trustees and Management are starting lo meet this challenge by:
Continuing the program of capital expenditure delivering upgrades to existing internal and
external facilities started in 2024
Refinement and tuning of the 5-year development, started in 2024, this has been boosted by
the appointment of a dedicated Facilities Manager
Recognition that both clinical and mental wellbeing of the residents are equally important by
developing a holistic approach to the clinical care of our residents and the activities they are
offered
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ST VINCENT'S CHARITABLE TRUST
Trustees, Report for the year ended 31 March 2025
Ensuring that both the clinical and a￿1VitieS leads work closely together to offer
comprehensive care package for all resident to ensure their physical and mental wellbeing.
Dr Robert Christopher Horsburgh
Chalrnian, Board of Trustees
g September 2025
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ST VINCENT'S CHARITABLE TRUST
Trustses, Report for the year ended 31 March 2025
The Trustees, who are also Directors of the company, are pleased to present their Directors, report
for the purposes of section 417 of the Companies Act 2006 and Trustees, Annual Report for the
purposes of section 162 of the Charities Act 2011 togetherwith the Financial Statements of the Charity
for the period ending 31 March 2025.
The financial statements have been prepared in accordance with the accounting policies set out on
the following pages and comply with the charitable company's Articles of Association, the Charities
Act 2011 and the Slaternent of Recommended Practice for Charities (SORP). They confirm that it has
complied with the duty outlined in section 17 of the Charities Act 2011 to have due regard to the
Charity Commission's guidance in relation to public benefit.
STRUCTURE, GOVERNANCE AND MANAGEMENT
St Vincent's Nursing Home is a company limited by guarantee (Number 02721809) incorporated 9
June 1992 and also registered with the Charity Commission (Charity Number 1014889). It is governed
by its Memorandum and Articles ofAssociation dated 9 June 1992 as amended by a special resolution
dated 22 March 2017.
The Trustees are all unpaid. There shall always be at least two-thirds of the membership who profess
the Roman Catholic failh. Each member agrees to contribute £1 in the event of the Charity winding
up.
Our Values guide the Charity's decision making and place the well-being of the resident first, ensuring
dignity, respect, individuality, the ethos of St Vincent and Excellence.
Trusteo Inductlon and Traonlng
Newly appointed Trustees receive an information pack consisting of information about the Charity, the
governing document, terms of reference of all sub-committees of the Board of Trustees, the Truslee's
annual report and accounts, budgets, relevant policies and minutes, and information about trusteeship
in the form of the Charity Commission booklel CC3, The Essential Trustee and the Charity
Governance Code, and we believe that by following the seven principles we are meeting the legal and
regulatory responsibilities. In addition. the Chairman and General Manager provide a detailed briefing
and a guided tour, during which new Trustees are able to meet key employees. There is an ongoing
assessment of the training needs of the Trustees and Management team. and additional training is
provided as required. Trustees are encouraged to attend appropriate external training events where
these will facilitate the undertaking of their role.
Strong governance is al the heart of what we do and is Gritical lo our long-term success. Our Trustees
are responsible for ensuring that we are run effectively and responsibly in line with our articles.
Trustees ensure that there is a clear strategy in place, thal we use our resources to deliver the highest
quality of care to the residents, and that we safeguard our finances and property.
We review our govemance arrangements and underlying procedures on a regular basis. We have
also Gompared our approach with the Governance Code ('the Code,) which is endorsed by the Charity
Commission and leading sector bodies and believe that by following the seven principles we are
meeting the legal and regulatory responsibilities.
We currently have 6 Trustees and are currently in the processing of recruiting in this area. We wish
our Trustees to provide us with a broad range of skills and experience in areas relevant to St Vincent's
Nursing Home. We recognise the value of a diverse board and consider this within the Trustee
recruitment process. Trustees are recruited by the Board and full Human Resource checks are
undertaken and the selection is based on their knowledge, skills, and professional experience. We
ensure that Trustees retain a wide range of professional and other skills. All new Trustees receive a
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ST VINCENT'S CHARITABLE TRUST
Trustees, Report for the year ended 31 March 2025
handbook outlining our work and meet members of the management team, other stsff and residents
in order to acquaint themselves with the Home.
The Board of Trustees
The Board adminislers the Charity and fulfils the Trustees. legal duty by ensuring that funds are spent
in accordance with the objects of the Charity. The Board meets on four occasions per annum and is
responsible for approving strategic plans. the annual business plan including the annual budget, and
for approving the annual accounts and Trustees, report.
At each meeting, the Trustees receive reports on financial results and activity levels, and the progress
made against the annual budget and business plan to ensure that they can exercise their fiduciary
responsibilities. The Trustees are encouraged to attend relevant external training courses where
appropriate. The Trustees delegate certain powers in connection with the management and
administration of the Charity to sub committees.. Quality & Risk Committee, Remuneration Committee,
Finance and Public Benefit Committee and Strategy Committee.
Executive Leadership
A General Manager is appointed by the Trustees to manage the operations of the Charity. To facilitate
effective operations, the General Manager has delegated authority. within temis approved by the
Board of Trustees, and Is supported in this role by the Management tearn for operational and
employment matters. The Finance Manager is responsible for all matters relating to finance and the
Clinical Services Manager is responsible for all clinical managemenl and policy implementation. A
Facilities Manager joined the leadership team in September 2024 and is responsible for all matters
relating to the building and its safety. Our Quality Governance Manager ensures that all governance
matters are audlted and monitored. Staff salaries are benchmarked against NHS pay scales and
sector comparators. They are agreed at the remuneration sub-committee meetings and ratified at the
board meeting.
Our Clinical Services Manager resigned in March 2025 due to health reasons. and the position was
filled again in May 2025.
Staff Development
Staff salaries are benchmarked against NHS pay scales and sector comparators. All staff are
supported through comprehensive face-to-face and online training. In April 2024, the Trust introduced
enhanced further staff benefits, including one week's full sick pay, supporting staff well-being and
retention. This has been reviewed during the reporting period and has continued into 2025.
Volunteer Engagement
Our volunleers contribute immeasurably to daily life at St Vincent's, supporting aclivities, pastoral
care, and family engagement forums. Their commitment significantly enhances our community and
resident experience. During the last year there has been a significant increase in family engagement,
with further inclusion on decision making that benefits our objectives.
Corporate Governance
The Board of Trustees strongly supports the principles of corporate govemance. Their main
responsibility is to protect the long-term security of the Charity, by ensuring that the Home is well
managed and that it maintains appropriate standards of clinical care.
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ST VINCENT'S CHARITABLE TRUST
Trustees, Report for the year ended 31 March 2025
Clinical Governance
A structure of policy setting, and monitoring is well established in line with the requirements of the
Health and Social Care Act 2008 (Regulated Activities) Regulations 2014 (Part 3) and the standards
as laid out by the regulator, the Care Quality Commission {Registration} Regulations 2009 (Part 4).
Chaplaincy Servlce
The Charity continues to provide a full Chaplaincy Service with a daily Mass and interfaith support to
care for the spiritual, pastoral. and religious needs of residents, relatives, and staff, whatever their
faith and belief. During the past year we have further enhanced this by introducing eucharistic
ministers within our existing staff team. This has been well received and allows our Chaplin added
support when required.
Management Structure and Update
During this reporting period, there have been changes within our.board and management structure at
St Vincent's. Our board members have reduced to 6 but have continued to remain effective. We
remain open to applications from interested potential board members that may utilise their experience
and connections to further advance the Trust in its charitable objectives and maintain diversity in our
decision making.
Our General manager is now in his third year with the Trusl, continuing to build upon improvements
and developments, under the guidance and support from the Chair and wider Trustees. Feedback
and perfomiance measures continue to be positive and meet the Trust's obje￿iveS and strategy.
Through the senior management team our General Manager is able lo delegate duties and set KPIS
that are aligned to the Trust's vision to achieve overall success and future growth.
The developments with our additional respite rooms and upgrades have ensured the nursing home
remains the place of choice amongst our residents and staff alike.
Our Finance, Governance, Facilities and Clinical leads have continued to provide a safe and effective
management service throughout the Home, which has been commented upon during our local
authority quality inspection (May 2024), our CQC inspection (September 2024), and by our residents
and visitors.
Training continues to be at the forefront of our staff and trustees, development. Face-to-face training
is further supported by our on-line mandatory training courses. Through the support of Governance,
we continue to assess and review our on-line training programme lo ensure staff maintain their skills
and knowledge.
During this reporting year St Vincent's senior management team has ulilised their time to make
internal continuous improvements towards training. quality. costs and departmental structure.
This ongoing focus has supported Ihe reduction in expenditure and allowed surplus to be utilised for
the benefit of our residents. Ongoing internal audits and mock CQC inspections have further
supported our strategic objective to achieve an 'Outstanding° CQC rating. During an unannounced
CQC inspection (September 2024) we received an overall "Good" rating in all five domain areas,
leading us on the way to achieve our objective.
On 1st April 2024 St Vincent's Nursing home introduced a working week's full sick pay in addition to
statutory payments for its employees. This was assessed over the reporting year and was well
received and utilised. This has continued into this reporting year and shall continue to be measured
for success.
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ST VINCENT'S CHARITABLE TRUST
Trustees, Report for the year ended 31 March 2025
OBJECTIVES AND ACTIVITIES
In line with our objectives, the Trust provides nursing care to 62 residents through our nursing home.
Within the nursing home we are able to offer a range of care and social activities which further support
the needs of our residents and meet our objectives.
During the last year we have continued to advance in our care of people living with varied levels of
dementia, be it through additional staff training or adapting the building's layout and furnishings to
better meet our residents, requirements. We are ever aware of the changing needs and demands for
additional care beds on a national scale.
Through the nursing care services we offer and our good reputation within the community, St Vincent's
Nursing Home has managed to complete the majority of the year at full capacity, with a continued
waiting list of prospeclive residenls.
We continue to provide our distinctive care because we believe that many elderly people would
otherwise not be able to obtain the specialist care and support they may need. Our Home fills an
important place in the spectrum between hospitals and standard care homes. We ensure that our
catholic ethos is shared throughout the Home and offer a daily Mass, held in our on-site chapel and
celebrated with our resident chaplain. We encourage the celebration of all falths through our activities
programmes and respecting religious feast days.
During the last year, the average age of the residents in our Home is 91, Ihough ages range from 76-
103 years. The range of care needs remains the same as previous years, although we are seeing an
increase in the demand for palliative care beds. With this demand in mind, we have worked closely
with a local hospice to support them with their capacity and allowing referrals for fast-track care when
we have had a space.
To maintaln the high standards of St Vincent's and to keep us compelitive in the market, during the
last year we have continued with the ongoing refurbishment of our nursing home.
The Home has also advanced with digitalisation, introducing a Welcome screen in our reception area,
in addition to digitalising our residents. newsletter, so that it may also be emailed to families further
afield. There are further works to complete and these form part of a long-term plan which is supported
through our Strategy Committee. We have invested in robust handheld devices for use on the wings
to reduce down-time with broken l uncharged devices, whilst ensuring they are future-proof and
expandable to allow for the introduclion of electronic medication administration. We have completed
and published the Data Security Protection Toolkit (DSPT), which is an NHS England requirement
which helps us to ensure our digital data is secure and our systems and processes reflecl this.
Completion of the DSPT gives us access to NHS.NET secure email, GP connect and HillingdonlNHS
funded residents.
We assist residents In maintaining and enhancing mobility and encourage involvemenl in activitles
and personal interests which help to improve confidence, enhance independence, and create a vibrant
sense of community. The focus this year has been towards person centred care and person specific
activities Ihat ensure positive outcomes and are evidenced through our residents, care plans. Primarily
our aim is to ensure our residents remain as independent, both mentally and physically, for as long
as possible. This is more focused with the introduction of the CQC Single Assessment Framework
(SAF) which ensures we tailor our care and activities in response to not only what residents enjoy and
prefer, but also with a view as to how they feel. It is based around .1, and 'we' statements. 'I' is from
the resident's perspective as in '1 like., '1 feel, etc and 'We' is how St Vincent's responds. The same
formal applies to staff welfare. The resident and slaff surveys are built around this framework. Staff
have all received a training package on this new framework and how it affects the care and provisions
we provide. We also sent a specific suNey to the relatives for the first time in 2024 to gather their
thoughts and feelings whilst simultaneously scouting for volunteers. We received several offers of
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ST VINCENT'S CHARITABLE TRUST
Trustees, Report for the year ended 31 March 2025
help which are being actively progressed.
We continue to provide a wide range of activities both on site and in the extended community. The
nursing home is fortunate to have extensive well-maintained gardens that our residents enjoy
throughout the year. The gardens are used extensively for outdoor activities and our very popular
annual summer party.
The nursing home benefils from two self-catering rooms in our Sisters, house where we are able to
offer bed and breakfast style accommodation to visiting families, who travel long distances to Pinner.
This service conlinues to prove of significant benefit to families, as their loved one approaches end of
life, so family members may remain on-site without losing personal space.
Public Benefit
St Vincent's admrts residents funded through a variety of sources that include private, NHS and Social
Sen4ices funding or a combination of these. During the current financial year an average of 9
permanent beds {2024: 8) out of a total capacity of 62 beds were occupied by residents where the
room rate was being subsidised by the charitable Trust.
The Charity seeks to benefit a number of people within the local community who need assistance. As
part of our continued strategic reviews, our ability to identify recipients for subsidised care according
lo their ability to pay is developed with the aim of embedding this in the Charity's admissions policy.
A number of other charitable initialives including a yearly conlribution to St Luke's Hospital in Nablus
is in place. The Trustees consider the Charity Commission's guidance on public benefit.
Our Care Service
We are pleased that we have been able to achieve average occupancy of 980/0 in 2025 (98 % in 2024).
The cost of providing care to residents has risen by 90/9 In 2025 {2024.' 4 % ) This increase reflects the
charity's investment in staff and systems which are necessary for operating and delivering the highest
quality, as well as investment into the refurbishment of our Home.
We set our occupancy figure at 970/0 in order lo maximise the number of beneficiaries who we care
for each year. When setting our fees. we seek to achieve a balance between affordability and a level
which is consistent with the standards of care and accommodation we provide for our residents. One
of St Vincent's charitable objectives is not lo exclude anyone on the grounds of financial hardship.
This means that we welcome residents whose care is funded from a variety of sources and is drawn
from a wide geo9raphical area.
Relationship with the NHS
The Charity maintains a strong relationship with the NHS and our GP Servi￿ has continued to provide
a safe and effective primary health care provision for all our residents. We use UCPIACP - Urgent
are plans and advanced care plans. These are electronically available to emergency services. GPS,
Hospital staff and community care, lo ensure people die in Iheir preferred place of death and have
proved vital in limiting confusion and distress at such a significant lime. Discussions continue to be
held with residents and approved familylnext of kin, to ensure information is kept up to date and in
line with our resident's wishes. The Community Advanced Nurse Practitioner is able to contribute to
and update resident's electronic care plans via GP Connect.
The available space we enjoy at Sl Vincents Nursing Home allows us to offer extensive on-site
services and continue to work in parlnership with specialist services that assist in meeting the ongoing
linical care needs of our residents. All of these service groups are able to visit the Home to provide
our residents with necessary care, without the need for residents to travel and wait in the community.
As a key provider in the local area, we actively embrace our responsibility to the wider community
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ST VINCENT'S CHARITABLE TRUST
Trustees, Report for the year ended 31 March 2025
close to the Home. Through our Clinical and Governance departments, we stay involved in a range
of innovative projects which aim to raise the stsndard of care for our residents. We have maintained
our links with the National Care Forum, NCVO, NAPA organisations that support not-for-profit care
providers to ensure we are exposed to progressive developments across the country and ensure we
review our practices.
We operate in a highly regulaled sector and are subject to unannounced inspections by the Care
Quality Commission (CQC) to ensure that statutory fundamental standards for Care Homes are met.
The Home was last inspected in September 2024 and rated as 'Good' in all five domains.
Since this inspection. work continues to take place across our clinical and operational departmenls.
Policies, procedures, and audils are regularly reviewed. Mock inspections with external inspectors
take place to further uphold our ongoing improvements. We are confident that when our next
'inspection is due, we will be able to demonstrate the consistent high level at which we work.
A full copy of the report can be found on our website www.svnh.co.uk.
The Home has worked hard to maintain our'Good' rating with a view to 'Outstanding' and in doing so
we continue to demonstrate our strengths.
Strateglc Update
Our strategic objectives for the year have continued towards the redecoration and upgrades of the
nursing home plus a review of our staffing structure, with a view to the future needs of the Trust and
the nursing home. Part of the focus has been a review of the management structure of the Home to
ensure that there is a senior management team in place that covers the drfferent functions in the Home
to ensure the best services possible are provided for our current residents, but also to look at how the
Charity can develop going forward. We have been successful by introducing a new tier of clinical
leadership enhanclng the skills and knowledge of our carers. This enables us to maintain and exceed
our residents and relatives, expectations
The Strategy Sub-committee meets on a quarterly basis and is made up of Trustees who have interest
and experience in setting strategic objectives that are achievable and meet the objectives of the trust.
Whilst there has been some discussion towards implementing a Fundraiser for the Trust, it is not a
position the Irust feels is essential to fill at this stage.
The Strategy Sub-committee consists of 4 Trustees. joined by our General Manager and Finance
Manager.
St Vincent's Nursing Home's aim of continual improvement in service delivery, enables the Home to
improve our operating perf0rrnan￿ and drive the delivery of the Charity's objectives which are:
Our Residents
Putting our residents al the heart of everything we do
Recruit and retain the besl staff and to become an employer of choice
Delivering the highest quality of patient ￿ntred care with compassion
and excellence
Our Staff
Our Results
Our Facilities
Offering an outstanding experience by ensuring the facilities are homely
and of a high stsndard
St Vincent's Nursing Horne continues to benefit from a strong retention of its staff; we are aware and
have succession plans in place across all departments with ongoing recruitment for key positions. We
also benefit from a heathy resource of bank staff, available to cover short absences or fill recruitrnent
gaps to ensure our service level remains consistent and safe at all times.
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ST VINCENT'S CHARITABLE TRUST
Trustees, Report for the year ended 31 March 2025
All staff are supported and encouraged to participate in training and development programmes and in
particular Ihe statutory and mandatory training requirements which are linked to Iheirannual appraisal.
Every member of staff has their own 'training schedule, which ensures that they are clear about their
own training needs and deadlines, which empowers them to take ownership for their training.
We have maintained our standards under the General Data Protection Regulations (GDPR) and
continue to develop with upgrades and taking advantage of IT infrastructure developments. We have
had no data breaches in the lasl 5 years which is a testamenl to the rigorous training, tight procedures
and oversight we have across the Home.
The electronic care planning system (PCS), which is person-centred, ensures the care needs of the
residents are up to date and that families and Power of Attorneys (POA'S) are able to be kept infomied
of their loved one's healthcare needs.
We continuously review all conlracts for efficiency, effectiveness and value as a cosvbenefit exercise.
The essential role of the volunteers
Our volunteers are very generous with their time. Alongside our care and aclivities staff, they cover a
wide range of activities to support the care and welfare of residents as well as supporting fundraising
initiatives such as raffles and plants sales. The Trustees are full of gratitude to all our volunteers for
their support which enables residents to enjoy such a wide range of activilies and outings. We are
particularly grateful to our volunteers who chair our relatives, and friends, forums which continue to
add value to our Home and our residents.
Communlcatlng and meetlng residents, needs
In line with the new Single Assessment Framework, we are even more committed to finding out and
rneeting the needs of our residents and potential beneficiaries and use a number of informal and
structured approaches to obtain feedback from resldents and their families about the serlices we
provide. Resident's and staff surveys are scheduled, completed, and monitored through our
Governance Manager. These surveys are aligned with the single assessment framework and the
annual survey for staff is based around the published annual staff survey from the NHS.
Communication with families and friends of residents who live within the Home will always be
extremely important. We continue with the production of newslelters, keeping our readers up to date
with the latest news and upcoming events and activities. We welcome feedback via multiple means,
direct communication. compliments and suggestion forms, surveys and residenvrelatives and staff
meetings. Through our in-house governance, we are able to respond in a positive and timely manner.
Digital advances
Keeping up to date with technological advances and ensuring our team work alongside these logether
has proven to be an ongoing effort. We have published the DSPT certificate which is a self-
assessment tool which ensures our IT systems and processes offer safe digital care and integration
and provides the assurance for the NHS and Hillingdon Council that our IT network is safe and that
there are plans in place should an IT event such as hacking or failure occur. The DSPT needs
republishing annually. A number of business-critical systems such as NHS.NET email and care
funding from Hillingdon Council are dependent on us having the DSPT published. As mentioned
earlier, through our General Manager and Finance Manager, all current contracts are reviewed for
effectiveness and cost. With any change of service provider, resident safety and compliance with
governing standards will always be a priority. To maintain advances in communication with our staff
and stakeholders we continue to grow in digital communication. In the past year we have introduced
e-links for every member of staff, so that our policies and procedures are now online and updated on
each of our 4 wings on a monthly basis.
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ST VINCENT'S CHARITABLE TRUST
Trustees, Report for the year ended 31 March 2025
To further promote communication with our residents and reduce on wastepaper, we continue with
the use of digital methods of publishing our monthly newsletters and quick updates on what's
happening within the building, utilising an internal TV channel that residents may view or listen to in
their room, or in our lounge areas.
To further promote communication with our residents and reduce on waslepaper. we are introducing
digital means of publishing our monthly newsletters and quick updates on what's happening within
the building, utilising an inlernal TV channel thal residenls may view or listen to in their room, or in
our lounge areas.
Fundraising
The Charity does not employ the services of professional fundraisers. The Charity is therefore not
registered wilh the Fundraising Regulator. No complaints about fundraising activities have been
received during the year. The Charity has policies in place lo protect vulnerable donors.
REVIEW OF THE FINANCIAL POSITION
Total incoming resources at £5,353,394 (2024.. £4,851,691) are £501,703 higher than the previous
year. Donations and bequests for the year totalled £9,296 (2024.. £6,924). Resldent fees at £5,111,847
{2024", £4.656,627) are £455,220 higher than the previous year and were achieved with an average
occupancy of 60 (2024: 58.5) residents. Average income per resident per day was £233.42 (2024:
£218.08). an increase of 7QA on the previous year. Investment income and bank interest at £73,094
(2024: £73,130) is £36 lower than the previous year. Rental income for the year lotalled £97,532
(2024: £70,012).
Total resources expended are £4,609.834 compared to £4.228,391 in 2024. The cost of generating
funds was £20,840 (2024: £2,663). this was all paid to Quilter Cheviot and Evelyn Partners in
investment management fees. It was lower last year because Quilter Cheviot reimbursed the total of
their management fees for the year as a gesture of goodwill, Expenditure on charitable activilies during
the year increased by £363.266 to £4,588,994 (2024: £4,225,728). This expenditure includes staff
costs at £3,325,205 (2024: £3,092,073), an increase of £233,132 from the previous year. Wage
increases varied between 40/0 and 100/0 Wlth the higher increases given to the lower paid staff
members. Average permanent staff numbers were 91, less than the 99 last year. The increase in
funds for the year was £747,376 (2024: £1,228,359). The increase was mainly due to higher
occupancy and lower salaries than budgeted.
In terms of applications for residence. this has remained fairly constant. There is however noticeable
inflationary pressure on wages and difficulties with staff recruilment.
The Trust is conscious Ihat pressure on loca5 authority finances will result in an increased number of
applications being made by residenls for financial assistance from charitable funds. The Trustees are
confident that the current build-up of reserves and a continuing proactive management style will
ensure that the charitable company is well placed to combat any adverse financial developments it
may face in Ihe foreseeable future.
Reserves Policy
Total reserves at the year-end were £13,363,278, all of which were unrestricted. The Trustees have
examined the requirement for free reseples, i.e., those unrestricted funds not invested in tangible fixed
assets. designated for specific purposes or otherwise committed . It is the policy of the charitable
company to maintain free reserves at a level of at least £1 million . In Ihe current climate the Trustees
believe that this, which includes listed investments, should provide sufficient flexibility lo: cover
temporary shortfalls in incoming resources, for example due to timing differences in income flows;
adequate working capital to cover core costs: and to allow the charitable company to cope with and
Page 11

ST VINCENT'S CHARITABLE TRUST
Trustees, Report for the year ended 31 March 2025
respond to unforeseen emergencies whilst specific action plans are implemented. At 31 March 2025
free reserrfes were £2.701k (2024: £2,153k) equating to approximately six months of operating
expenditure.
Designated funds have been set aside to help fund future public benefit provision and to create a
building reserve fund. The purpose of the public benefit reserve is to subsidise the fees of residents,
existing and future, who would otherwise be unable to afford the fee rates, The building reseNe fund
has been set aside to ensure funds are available when major repairs are needed to the Nursing Home.
A portfolio of investments is now established and managed to provide for the long-term sustainability
of the charitable company. The Trustees are also aware of the uncertain and difficult economic climate
that continues to exist and any fall in residenl numbers over the next 12 months could dramatically
altar the financial position. Furthermore, it is difficult to quantfy the number of residents who will run
out of funds and experience difficulty in meeting their fees in full and for how long their fees will need
to be subsidised. The Trustees are therefore committed to a prudent resep4es policy which is kept
under constant review. The Trustees do not consider that at the present time there is any over
provision of reserves.
Invostment Performance
The Trustees are rebuilding their investmenl portfolio with a view both to securing their current
activities and supporting future developments as determined by the on-going strategy review. St
Vincent's Charitable Trust takes all reasonable steps to ensure that any decisions taken in respect of
ils corporate investments are consistent with its mission and objects. The value of the investment
porrfolio increased during the year from £2,183,163 10 £2,238,676 due to purchases exceeding
disposals.
Investment Policy and Principals
Investment Committee
This year we have transferred the management of part of our portfolio from Quilter Cheviot to Evelyn
Partners. The Trustees delegate the responsibility for the management of finance and contact with
Quilter Cheviot and Evelyn Partners to the Finance Manager. Meetings are held at least once a year
with the investment managers; any number of the current Trustees can be present in meetings
discussing the portfolio. Valuations and performance details are provlded by Quilter Cheviot and
Evelyn Partners to the Finance Manager monlhly, along with Capital and Income ststements.
Aims ob'ectives and risk
The investment objective is to save for planned or unexpected future capital expenditure and help
fulfil the organisation's charilable purposes. The Trust is prepared to accept that there could be
enhanced volatility for assets designated for long term investment. This could be as much as a third
of the total value of porttolios from peak to trough. A major part of the management of risk is through
diversification by including investment in domestic and intemational equities, bonds. alternatives.
including infrastructure, listed private equity, leasing and precious metals. The investment managers
are required to keep the Charity updated on the volatility of their portfolios and to report on other
widely accepted risk measures.
The Charity operates within its means and aims to generate more than it spends. The overall long
term objective is to manage the portfolio on a total return basis, with a moderate ability to bear loss
and a risk level of medium.
Selection and monitorin
of Investment Mana
ers
The Manager is required to report against agreed performance benchmarks. Managers will be
expected to follow Environmental. Social Governance (ESG} principles either by use of an external
provider or by internal processes.
Page 12

ST VINCENT'S CHARITABLE TRUST
Trustees, Report for the year ended 31 March 2025
Investment Princi
les
There is increasing scrutiny of corporate responsibility in all these areas including ESG screening.
The charity has adopted an ethical investment policy to ensure that its investments do not conflict with
its aims. Direct investments in companies that currently partake in the following activities will be
avoided:
Annaments - Absolule exclusion for conventional weapon manufacture
Gambling - Exclusion if significant revenue {>30/0)
Genetics- Absolute exclusion of Embryonic Stem Cell Research, Foetal Tissue
Research, Use of Foetal Cell Lines, Human Embryonic Stem Cell Cloning and
Enabling Technology
Human Rights - Avoid investing in companies that fall short of relevant induslry best
practice on Human Rights, Gender and Racial Discrimination.
High interest consumer lending - Exclusion if significanl revenue (>3 % )
Nuclear- Absolute exclusion for non-conventional manufacture i.e. biological,
chemical, nuclear and ballistic missiles
Pornography - E)(clusion if significant revenue (>30/0)
Sanctity of Life - Absolute exclusion for abortion and contraceptives production;
Exclusion if >100/o revenue from distribution of contraceptives
Tobacco - Absolute exclusion for manufacturing,. Exclusion if significant revenue
(>10 % ) from distribution.
In addition to the negative screening set out above, the Trustees are also dedicated to positive
screening to invest in and support those companies that are operating in line with the Charity's
objectives. They also recognise that with the rapid change of pace in many areas, it is important to
keep this policy under constant review.
The portfolio is invested on a best endeavours basis due to a number of colleclives included.
RSsk Management
The Board of Trustees has implemented a risk management strategy in relation to the Charity
which comprises:
The development of a risk register that is reviewed by the Board on a quarterly basis
The establishment of systems, action plans and procedures to manage those risks identified
The implementation of procedures lo minimise any potential impact on the Charily, should
those risks materialise
Day-to-day operations with oversight from a strong group of Trustees
Trustees consider that the principal risks and uncertainties facing the Charity, and the plans which are
In place for managing these are as follows:
Risk and uncertainty
Business Perfonnance:
Management Plan
The Charity needs to maintain a certain level of
activily so it can continue its key objective to
serve the sick and the dying.
Recruitmenl and retention of high quality
care staff, including nurses:
Apply mulliple approaches lo attract nurses in an
environment of national shortage.
High quality training, management support and
working environment to help retain teams.
Page 13

ST VINCENT'S CHARITABLE TRUST
Trustees, Report for the year ended 31 March 2025
Effective recwitment, training, development &
retention of staff.
Risk and uncertainty
Management Plan
Provision of the highest quality of palienl centred Monthly internal audits central to quality
are for residents:
performance.
Independent evaluation of perfomiance by
external specialists.
Secure required level of fundraising income
Implemenl fundraising strategy with a focus on
encouraging individual and regular donors.
Proaclive grant applications.
Serious Incident, accident or safeguarding
allegation..
Wide ranging staff training programme.
Regular risk assessments.
Lead nurse monitor standards of care.
Quality assurance- regular audits.
Robust whistleblowing and safeguarding policies
in place.
Loss of key staff due to salaries not in line with
NHS..
Keep updated on current pay rates.
Subsidised meals.
Training and development.
Good working environment.
Inflalion grealer than the returns generated from Ensure budgets are maintained and costs kept
investments or business units and depletes withinthese.
reserves:
Regular monitoring of investments and costs.
Increasing cost of energy:
Fixed rate until December 2026.
Looking at other sources of energy.
Constanl contact with Energy providers to ensure
we get the best deal.
More demand for public benefit as financial Keeping light control on costs to ensure enough
pressure increase on Local Authorities.,
funds for public benefit claims.
Carrying out financial checks on any potential
new residenls.
Key Controls:
The key controls used by the Charity include:
Formal agendas for all committees and Board activity
Detailed temis of reference for all committees
Comprehensive strategic planning. budgeting and management accounting
Established organisational structure and lines of reporting
Formal written policies
Using external professional advice where appropriate
Supplemented by appropriate insurance
The Heads of Department and General Manager maintain the Risk Register which is updated regularly
as part of a formal risk management process. This involves examining the types of risk we face and
.prioritising them in lemis of likelihood of occurrence and consequence. The Finance and Public
Page 14

ST VINCENT'S CHARITABLE TRUST
Trustees. Report for the year ended 31 March 2025
Benefil Committee, Remuneration and Quality and Risk Sub committees review potenlial risks four
times a year and consider that we have a clear plan which enables us to continue providing the highest
quality of care.
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The Trustees (who are also directors of St Vincent's Charitable Trust for Ihe purposes of company
law} are responsible for preparing the Trustees, Report {incorporating the directors, report) and the
financial statements in accordance with applicable law and United Kingdom Accounting Standards,
including Financial Reporting Standard 102.. The Financial Reporting Standard applicable in the UK
and Republic of Ireland (United Kingdom Generally Accepted Accounting Piactice).
Company law requires the Trustees to prepare financial statements for each financial year which give
a true and fair vlew of the state of affairs of the charitable company and of the income and expenditure,
of the charitable company for that period. In preparing these financial statements, the Trustees are
required to:
select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP;
make judgments and accounting 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., and
prepare Ihe financial statements on the going concern basis unless it is inappropriate to
presume that the charitable company will continue in business.
The Trustees are responsible for maintaining proper accounting records which disclose with
reasonable accuracy at any time Ihe financial position of the charitable company and enable them to
ensure that the financial statements comply with the Companies Act 2006. They are also responsible
for safeguarding the assets of the charitable company and hence for taking reasonable steps for the
prevention 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 auditors are 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 auditors are aware of that information.
The Trustees, Report was prepa￿d in accordance with the special provisions relating to small
companies.
This report, which incorporates the Strategic Report, was approved and was signed on behalf of the
Trustees by:
Dr Robert Christopher Horsburgh
Chairman
Date: 9 September 2025
Page 15

Independent auditor's report to the members of St Vincent's Charitable Trust
Opinion
We have audited the financial statements of St Vincent's Charitable Trust (the 'charity') for the year
ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the
Statement of Cash Flows and the notes to the financial stalements, including a summary of significant
accounting policies. The financial reporting framework that has been applied in their preparation is
applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard
102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom
Generally Accepted Accounting Practice).
In our opinion the financial statements:
give a Iwe and fair view of the state of the charitable company's affairs as at 31 March 2025
and of its incoming resources and application of reSoUr￿S 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 requiraments of the Companies Act 2006.
Basis for opinion
We conducted our audit In accordance with International Standards on Auditing (UK) {ISAs (UK)) and
applicable law. Our responsibilities under those standards are further described in the Auditor's
responsibilities for the audit of the financial statements section of our report. We are independent of
the charitable company 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 stalements, we have concluded that the Trustees, use of the going concern
basis of accounting in the preparation of the financial statements is appropriate.
Based on Ihe work we have performed, we have not identified any material uncertainties relating to
events or conditions that, individually or collectively. may cast significant doubt on the Charity's ability
to continue as a going concern for a period of at least 12 months from when the financial statements
are authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are
described in the relevant sections of this report.
Other information
The other information comprises the information included in the annual report, including the Trustees,
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 information and, except to the extent otherwise explicitly stated
in our report. we do not express any fonn 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
inconsistencies or apparent material misstatements. we are required to detemiine whether this gives
rise to a material misstatement in the financial statements Ihemselves. If. based on the work we have
performed, we conclude that there is a material misstatement of this other information. we are required
to report Ihat fact. We have nothing to report in this regard.
Page 16

Independent auditor's report to the members of St Vincent's Charitable Trust
Opinions on other matters prescrlbed by the Companles Act 2006
In our opinion, based on the work undertaken in the course of our audit:
the informalion 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 wlthln Ihe 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 obtsined in the
course of the audit, we have not identified material misstatements in the directors, report included with
the Trustees, report.
We have nothing to report in respect of the followlng matters in relation to which the Companies Act
2006 requires us to report to you if. in our opinion:
adequate and proper accounting records have not been kept, or returns adequale for our audlt
have not been received from branches not vlsited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain 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.
Responsibilities of Trustoes
As explained more fully in the Trustees, responsibilities statement, the Trustees, (who are also the
directors of the charitable company for the purposes of company law) are responsible for the
preparation of the financial statements 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 Ihat are free from material misstatemenl, whether due to fraud or error.
In preparing the financial statements. the Trustees are responsible for assessing Ihe charity's ability
to continue as a going concern, disclosing. as applicable, matters related to going concern and using
the going concem basis of accounting unless the Trustees either intend to liquidate the company or
to cease operations, or have no realistic alternative but to do so.
Auditor'8 responsibilities for the audit of tho 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 lo issue an auditorfs 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 decisions of users taken
on the basis of these financial statemenls.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed
below:
Based on our understanding of the charity, we identified that the principal risks of non-compliance with
laws and regulations related to employment. financial reporting legislation and health & safety
regulations and we considered the extent to which non-compliance might have a material effect on
the financial statements. We also considered Ihose laws and regulations Ihat have a direct impact on
the preparation of the financial statements such as the Companies Act 2006 and Charities Act 2011.
Page 17

Independent auditor's report to the members of St Vincent's Charitable Trust
We assessed the susceptibility of the company's financial statements to material misstatement,
including obtaining an understanding of how fraud might occur, by making enquiries of management,
considering the internal controls in place and discussion amongst the engagement team.
We detemined that the principal risks were related to propety classification and valuations,
management override of controls, posting inappropriale journal entries and management bias in
accounling estimates.
In response to the risks identified we designed procedures which included, but were not limited to:
reviewing use and valualions of properties
agreeing financial statement disclosures to underlying supporting documentation
identifying and testing journal entries
reviewing Trustees and finance meeting minules
evaluating the charity's internal controls
challenging significant accounting estimates such as valuation of investment land and property
There are inherent limitations in the audit procedures described above, The more removed that laws
and regulations are from financial transactions, the less likely it is that we would become aware of
non-compliance. Material misstatements that arise due to fraud can be harder to detect than those
that arise from error as they may involve deliberate concealment or collusion.
A further description of our responsibllities for the audit of the financial statements is located on the
Financial Reporting Council's website at: http:Ilwww.frc.org.uklaudilorsresponsibilities. This
descriplion forms part of our auditorfs 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 and regulations made under that Act. 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 auditors, report and for no other purpose. To the fullest extent
permitted by law, we do nol accept or assume responsibility to anyone other than the charitable
company and its members as a body, for our audit work, for this report, or for the opinions we have
formed.
Paul Newton FCA (Senlor Statutory Audltor)
for and on behalf of Xeinadin Audit Limited
Statutory Auditor
Chartered Accountants
5 Robin Hood Lane
Sutton
Surrey
SM12SW
Date: 9 September 2025
Page 18

ST VINCENT'S CHARITABLE TRUST
Statement of Financlal A¢tlvitles (Includlng Incomo and Exp•ndlturo Account) for tho y•ar ended 31 March 2025
2025
Tot•1
2024
Tot•1
Not••
Unr••trfct•d
R••trfet•d
Unr•itrfct•d
R•s￿ct•d
Incom• from
Omalons and
ChBrlt8ble 8clvilk88
Invesimgni Incomo
Olher In¢omè
9,296
3,111.847
227,475
4.77e
9,296
5,111.847
227,475
4,778
fj,924
4.856.627
179,059
8.481
6.924
4.656,627
179,659
8,481
Tot•1 Sn¢om•
5,353.394
5,353,394
4,851,691
4,851.891
Exp•ndlturn on
Ralwng funds
Charftsble ac￿¥￿08
20.840
4.588.994
20,840
4,$88.994
2,e63
4.225.728
2,663
4.225.728
Tot•1 •xp•ndllur•
4.609.834
4,e09,834
4,228.391
4,228.391
N•t Incom• b•lor• In￿•trnIn1 g•lrbBllloM•sl
743.860
743.5eo
823,3
623,300
Noi galnsllloB8881 on Inv8slrn•ni•
io
3.818
3,818
eos,059
805,059
N•t Incom•l(•xp•ndltur•l
747,376
747,378
1,228,359
1,228.359
Tran•l•r• b•lw••n fund•
N•t mtyv•m•nt In fund•
747,376
747,37e
1,228,359
1,228.350
R•¢¢nclll•tlon ol fvrbd•
Tot81 lunds brou￿1 foMard
12,615.902
12.615.W2
11,387,S43
11.387.343
Total lund• ¢*thed toTh¥•rd
13,363,278
13,383,278
12.615,W2
12,615.902
All of the above results are derived from conllnuln9 actlvtties. All gains and losses recognl8ed In the year are IrKluded above.
The nol88 of pages 22 10 32 form parl ol these (Inancial statemènts.
Page 19

ST VINCENT'S CHARITABLE TRUST
Balance Sheet as at 31 March 2025
Company registèred number: 2721809
2025
2024
Notes
Fixed assets
Tangible assets
Investments
6.765,774
4.838.676
6,806,558
4.783,163
10
11,604.450
11,589,721
Current assèts
Debtors
Cash at bank and in hand
11
108,652
2,094,692
127.545
1,428,456
2,203,344
1.556,001
Creditors: Amounts falling due within one
year
12
(386,183)
(401,487)
Net ¢urr•nt as8•18
1.817.161
1,154,514
Total assets less Gurr•nt liabilities
13.421,611
12,744,235
Credltor8'. Amounts falling due after more
than one year
13
(58,333)
(128,333)
N•t assets
15
13,363,278
12,615,902
Fund¥
Unrestricted Funds
14
13,363,278
12.615.902
Total fund8
13,363,278
12.615,902
The financial statements have been prepared in accordance with the provisions applicable to entities subject to
the small companies regime.
The notes on pages 22 10 32 form part of these financial statements.
These financial statements were approved by the Board of Trustees and authorised for issue on 9 September
2025 and are signed on behalf of the Board by..
Dr Robert Christopher Horsburgh
Chair of Trustees
Page 20

ST VINCENT'S CHARITABLE TRUST
Statement of Cash Flows for the year ended 31 March 2025
2025
2024
Cash flows from operating actlvSti•s
Net cash provided by operating activities
683.115
650.341
Cash flows from Investing activities
Investment income
Purchase of langible fixed assets
Purchase of investments
Proceeds from sale of investments
227,475
(192,657)
(340,775)
289,078
179,659
( 219,648)
(1,909,302)
1.837.742
Nel cash (usod In) Inv•stlng a¢tlvities
{ 16,879)
(111,549)
Net In¢reas• In cash
666.236
538,792
Cash brought forward at 1 Aprll
1,428,456
889,664
Cash carrled forward at 31 March
2,094,692
1,428,456
a) Reconclllatlon of n•t movement In funds to not cash flow from operatlng a¢tlvltlo8
2025
2024
Net income for the year
747,376
1,228,359
Adjustment for:
Depreciation
(Gains) on investments
Investment income
Decrease in debtors
Decrease in credltors
233,441
224,632
(3,816) (605,059)
{227.475) (179.659)
18.893
4,255
{85,304)
(22,187)
683,115
650,341
Page 21

ST VINCENT'S CHARITABLE TRUST
Notes to the Financial Statements for the year ended 31 March 2025
ACCOUNTING POLICIES
St Vincent's Charitable Trust is a charitable company limited by guarantee. The members of the company are
the Trustees named on page 1. In the event of the company being wound up. the liability in respect of the
guarantee is limited to £1 per member of the company. The charitable company is incorporated in England and
Wales. The address of the regisiered office is: Wiltshire Lane, Eastcote, Pinner, Middlesex HAS 2N8.
Basis of preparation
The financial statements have been prepared under Ihe Companies Act 2006 and the Charities Act 2011, and.
in accordance with the Charities Slalement of Recommended Practice (Charities SORP (FRS 102)). and
Financial Reporting Standard 102 (FRS 102).
The financial staternents are prepared in sterling, rounded to the nearest pound. The charity is a Public Benefit
Entity as defined by FRS 102. Assets and liabilities are initially recognised at historical cosl or transaction value
unless otherwise staled in the relevant accounting policy.
Going conc•m
No material uncertainties exlst about the ability of the charlty to continue as a going concern for the foreseeable
future. Our cashflow forecasts and budgets do not suggest that there is any reason for concern. This, as well
as the fact that the charity has Investment monies to fall back on, means that the Trustees have no areas of
concern.
Incom•
Whilst all income Is recognSsed once the company has entitlement to the income. It is probable thai the income
will be received, and the amount of income receivable can be measured reliably.
For legacies, entitlement is taken as the earlier of the date on which either: the company is aware that probate
has been granted, the estate has been finalised and notification has been made by the executor{s) to the Trust
Ihat a dislribution will be made. or when a distribution Is received from the estate. Receipt of a legacy, in whole
or in part. is only considered probable when the amount can be measured reliably and the company has been
nolified of the executor's inlenlion to make a distribution. Where legacies have been notrfied lo the company, or
the company is aware of the granting of probate, and the criteria for income recognition have nol been met, then
the legacy is treated as a contingent asset and disclosed if material.
Other income is recognised In the period In which il Is receivable and to the extent the goods have been provlded
or on cornpletion of the service.
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the
company., this is normally upon nolification of the interest paid or payable by Ihe Bank.
Expenditure
Expendilure is recognised once there is a legal or constructive obligation to transfer economic benefit to a thlrd
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. Expenditure is classified by activity. The costs of each activity are made
up of the total of direcl 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 nol 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 allocated on the portion of the asset's use.
Costs of generating funds are costs incurred in attracting voluntary income. and those incurred in trading
activities that raise funds.
Page 22

ST VINCENT'S CHARITABLE TRUST
Notes to the Financial Statements for the year ended 31 March 2025
ACCOUNTING POLICIES (continued)
Expendlture (continued)
Charitable activilies are costs incurred on the company's care operations, including support costs and costs
relating to the governance of the company apportioned to charitable activities.
All expenditure is inclusive of irrecoverable VAT.
Tangible fixed assets and depro¢iation
All assets costing more than £500 are capitalised.
A review for impairment of a fixed asset is carried out rf events or changes in circumslances indicate Ihat the
carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assels
and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the
Statement of Financial Activities incorporating Income and Expenditure Account.
Tangible flxed assets are carried at cost, net of depreciatlon and any provision for Impalrment. Depreclation 58
provided al rates calculated to write off the cost of fixed assets, less their estimated residual value, over their
expected useful lives on the following bases:
Freehold property
Motor vehicles
Flxtures and fittings
20/0 Straight line
200/0 reducing balance
100/0 125Vo Straight line
Investments
Investrnents are a form of financial Instwment and are Initially recognlsed at thelr transaction cost and
subsequently measured at fair value al the Balance Sheet dale, unless fair value cannot be measured reliably
in which case it is measured at cost less impairment. Investment gains and losses. whether realised or
unrealised, are combined and shown in the heading 'Gainsl{losses) on investments, in the Statement of
Financial Activities incorporating Income and Expenditure Account.
Debtor8
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments
are valued al the arnount prepaid net of any trade discounls due.
Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three
months or less from the dale of acquisition or opening of the deposit or similar account.
Liabilitles and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past evenl. it Is
probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can
be estimated reliably. Liabilities are recognised at the amount that the company anticipates it will pay to settle
the debt or'the amount it has received as advanced payments for the goods or services it musl provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Lease premiums
are spread over the minimum lease term.
1.10 Penslons
The company operates a defined contribution pension scheme and the pension charge represents the amounts
payable by the company to the fund in respect of the year.
Page 23

ST VINCENT'S CHARITABLE TRUST
Notes to the Financial Statements for the year ended 31 March 2025
ACCOUNTING POLICIES (continued)
1.11 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance
of the general objectives of the company and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes.
The aim and use of each designated fund is set oul in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or
which have been raised by the Charity for particular purposes.
1.12 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments.
Basic financial instruments are initially recognised at transaction value and subsequently measured at their
8elllement value with the exception of bank loans whlch are subsequently measured at amortised cost using
thè effective inlerest method.
1.13 Critlcal accountlng estimates and areas of Judgement
In preparing these financial statements the Trustees have had to make estimates and 8ssumplions that affects
the amounls recognised in these financial statements. Estimates and judgements are conllnually evaluated and
are based on historical experience and other factors, including expectations of future events that are reasonable
under the circumstances. The only area where adjustments would have a material effect was deprecialion.
Page 24

ST VINCENT'S CHARITABLE TRUST
Notes to the Financial Statements for the year ended 31 March 2025
Donations and legacles
2025
Total
2024
Total
Unrestrlcted
Restrlcted
Donations
9,296
9,296
6,924
9,296
9,296
6,924
Incomo from charitabl• activitles
2025
Total
2024
Total
Unrestricted
Restricted
Residents, fees
5.111,847
5,111,847
4,656,627
Investment Income
2025
Total
2024
Total
Unr•strlcted
Re8trlcted
Rental income
Income from listed investments
Bank interest
Grazing rights
97.532
73,094
53,299
3,550
97,532
73,094
53,299
3,550
70,012
73,130
33,179
3,338
227,475
227,475
179.659
Page 25

ST VINCENT'S CHARITABLE TRUST
Notes to the Financial Statements for the year ended 31 March 2025
Expenditure on charitable activities
2025
2024
Consultancy fees
Repairs and maintenance
Provlslons
Utililies and rates
Legal and professional
Medical
Laundry
Training
Insuranc8
Registration and subscriptions
Other costs
Travel and transport
Premises costs
Residents, welfare
Marketing
Print, postage and stationery
IT and websile costs
Staff uniforms and welfare
Consumables
Staff costs (note 8)
Depreciation
29,145
171,273
148,710
124,059
3.946
127.731
11,554
24,085
59,075
13,543
28,795
4,234
41,323
50,945
25,224
148,098
148,504
110,236
1,343
88.098
11.088
11,316
54,315
13,251
7,473
2,849
37,589
35,319
1,150
17,767
89,236
11,867
80,764
3,092,073
224,632
15.326
80,951
13,754
67,619
3,325,205
233,441
Governance
Audit fees
Accountancy fees
11,916
2,364
11,280
2,256
4.588,994
4,225,728
Analysls of expenditure by actlvlly
2025
Total
2024
Total
Staff costs
Depreclatlon
Other costs
Ralsing funds
Investment management
20,840
20,840
2,663
Charitable activities
Governance costs
3,325,205
233.441
1.016,068
14,280
4.574.714
14,280
4.212.192
13,536
3,325.205
233,441
1,051,188
4,609,834
4,228,391
Page 26

ST VINCENT'S CHARITABLE TRUST
Notes to the Financial Statements for the year ended 31 March 2025
Net Incom•
This is stated after charging:
2025
2024
Depreclation
Auditor's remuneration - audit
Auditor's remuneration - accountancy
233,441
11,916
2,364
224.632
11.280
2.256
Staff costs
2025
2024
Wages and salaries
Social security costs
Pension costs
2.989,184
265,413
70.608
2,785.979
243,022
63,072
3,325,205
3.092,073
Number
2025
Number
2024
Average number of employees
91
99
Employees earning £70,000 - £80,000
During the year. no Trustees received any remuneration. benefits in kind or reimbursed expenses {2024: £nil).
The total remuneration (Includlng taxable benefits and employer's national insurance and pension contribulions)
of the key management personnel for Ihe year was £244,582 {2024'. £209,898). The key management personnel
are considered to be the General Manager, Clinical Services Manager, Finance Manager, Quality Governance
Manager and Facilities Manager.
Page 27

ST VINCENT'S CHARITABLE TRUST
Notes to the Financial Statements for the year ended 31 March 2025
Tangible fixed assets
Freehold
property
Motor
vohiGI•s
Fixtures and
flttlngs
Total
Cost or valuation
At 1 April 2024
Additions
Disposals
8,908,348
41,864
964.962
192,657.
(39,833)
9,915,174
192.657
{39,833)
At 31 March 2025
8,908,348
41,864
1,117,786
10,067,998
Depreciation
At l Aprll 2024
Charge for year
Released on disposal
2,513,310
144.263
36,832
1,006
558,474
88,172
(39.833)
3,108,616
233,441
(39,833)
At 31 March 2025
2,657.573
37,838
606.813
3,302,224
Nét book value
At 31 March 2025
6,250.775
4,026
510,973
6,765,774
At 31 March 2024
6,395.038
5,032
406,488
6,806,558
Page 28

ST VINCENT'S CHARITABLE TRUST
Notes to the Financial Statements for the year ended 31 March 2025
10
Inveslments
Programme
related
Investments
Investment
land &
property
List•d
securltles
Total
Valuatlon
At 1 April 2024
Additions
Disposals
Revaluation
1,690,000
910,000
2,183,163
340,775
(289,078)
3,816
4.783,163
340,775
(289,078)
3,816
Al 31 March 2025
1,690,000
910,000
2,238,676
4,838,676
Historical cost
At 31 March 2025
420,000
427,545
2,125,787
2,973,332
At 31 March 2024
420,000
427,545
2,060,182
2,907,727
All the fixed asset investments are held in the UK.
The investment property was valued by Robsons on 41h April 2024 and the Trustees believe the valualion has
not changed since then.
The programme-related investment and Investment land were professionally valued at market value by VDBM,
chartered supieyors in October 2023 and the Trustees believe the valuation has not changed since then.
11
Debtorn
2025
2024
Trade debtors
Prepayments and accrued income
67,571
41.081
86,866
40,679
108.652
127,545
Page 29

ST VINCENT'S CHARITABLE TRUST
Notes to the Financial Statements for the year ended 31 March 2025
12
Creditors: Amounts falling due withln one year
2025
2024
Trade creditors
Other tax and social security
Other creditors and accruals
Accruals and deferred income
35.963
60.964
70,611
218.645
97,062
56.425
50,719
197,281
386,183
401,487
13
Credltor8: Amount8 falllng due after more than on• year
2025
2024
Accruals and deferred income
58.333
128.333
This balance has arisen due to tenants paying rent uplront of £700,000 for a ten-year period commencing on
the 1 February 2017. This balance is being released monthly over the life of the lease.
Page 30

ST VINCENT'S CHARITABLE TRUST
Not•s to the Flnanclal Stat•m•nts for tho year frnded 31 March 2025
14
Unr••trlct•d Fund•
8alanc• a¢ 1
Aprll 2024
In¢om•
Exp•ndllur•
Tr•nsf•r$
Galn
B•lanc• at 31
M•rch 2025
D•slgnatqd fund•
Public benefil fund
Building ras•N•
358.203
700,000
1130,3991
1179,0001
174,831
370,C
405,435
891,000
1,056.203
S,¢JOO
1309,3991
544,631
1,296,435
G•n•ral fund•
11,559.899
5,348,394
14,300,435>
1544,8311
3,818
12.088,843
Toi41 lund*
12,615,902
5,353.394
14,609,834)
3,816
13.363,278
Bal•nc• •11
Aprll 2023
In¢om•
exp•ndllur•
Tran•l•r•
G•ln
B•l•n¢• at 31
March 2024
D••lgn*t•d fund•
Public benefit fund
Buildlng reserve
234,641
550,000
s,000
1139.7241
1146.200
256.286
296.200
356.203
7CQ,OC
784,841
s.000
1285.924
552.486
1,056,203
Gen8r81 funds
10,6D2.902
4,846.697
13,942.4671
1552.4861
605,059
11.559,699
Total lund8
11,387,543
4,851.691
14,228,391)
605,059
12,61 5,902
Publlc B•n•flt Fund.. Hald for the purposes ol provlding subsidlsèd rat•s lo r•sid8nts who would othèMis• b8 unabl8 10 afford th8 rnsld8nt 18•$.
Bulldlng R•••rv•: Thlg 1$ held to cover any lar9e Items of expendlture appert8inin9 to the building.
Page 31

ST VINCENT'S CHARITABLE TRUST
Notes to the Financial Statements for the year ended 31 March 2025
15
Pénsion ¢ommitment6
The company operates a defined contributions pension scheme. The assets of the scheme are held separately
from those of the company in an independently administered fund. The pension cost charge represents
contribulions payable by the company to Ihe fund and amounted to £70.608 (2024: £63,072). Contributions
totalling £12,964 {2024: £11,400) were payable to the fund at the balance sheet date and are included in
creditors.
16
Oporating lease commitments
At 31 March 2025 the total of the Charity's future minimum lease payments under non4ancellable operating
leases was:
2025
2024
Amount8 payable:
Within 1 year
Be￿een 2 and 5 years
5,153
12.811
5,153
18,035
17.964
23,188
Lease payments recognised as expense
4,931
4,931
17
Related party transactions
There were no related party transactions during the year.
Capital commitments
Capital commitments of £nil (2024: £54,590) were in place at 31 March 2025.
Page 32