Registered number: 2734498
Charity number: 1022313
The Cavendish House Trust
UNAUDITED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2023
Prepared By:
Unsworth's Accountancy Services Ltd
Chartered Certified 39 Stockwell Road East Grinstead West Sussex RH19 4BD
The Cavendish House Trust
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023
TRUSTEES
AG Levy (resigned 12 January 2024)
C Meakings G A Meakings
J Wilson (resigned 21 March 2023)
DrV K Fenton
SECRETARY
AG Levy (resigned 12 January 2024)
REGISTERED OFFICE
Cavendish House 4 Saxbys Lane Lingfield Surrey RH7 6DN
COMPANY NUMBER
2734498 CHARITY NUMBER 1022313
BANKERS
Barclays Bank
ACCOUNTANTS
Unsworth's Accountancy Services Ltd Chartered Certified 39 Stockwell Road East Grinstead West Sussex RH19 4BD
The Cavendish House Trust
ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2023
CONTENTS
| Page | |
|---|---|
| Report of the Trustees | 3 |
| Independent Examiners Statement | 6 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 |
| Notes to the Accounts | 10 to 15 |
| DetailedStatementofFinancialActivities | 14 |
The Cavendish House Trust
FOR THEYEARENDEDS1 July 2023
TRUSTEES’ REPORT
The trustees present their report and accounts for theyearended31 July 2023
PRINCIPAL ACTIVITIES
The principal activity of the charity in theyearunder review waswas the provision of social care for people with learning disabilities.
STRUCTURE GOVERNANCE AND MANAGEMENT
The organisation is a charitable company limited by guarantee not having a share capital and was incorporated on 27 July 1992. The liability of the members, in the event of the winding up of the company, is limited to £1. The company is established under a Memorandum of Association which sets out its objects and is governed by its Articles of Association.
The trustees who served during the year were:
M Hughes (deceased 12/04/2022)
AG Levy
C Meakings
G A Meakings
J Wilson (resigned 21 March 2023)
The trustees of the charity are also directors for the purpose of company law. Trustees are appointed by a resolution of the council or by ordinary resolution of the company.
The trustees meet at least quarterly during the year.
The trustees make a formal assessment of the major risks to which the charity is exposed on an annual basis. They are satisfied that systems are in place to mitigate exposure to such risks.
OBJECTIVES AND ACTIVITIES
The trust's objects as set out in the Memorandum of Association are the relief of suffering and in particular the care of peaple with learning disabilities.
Currently, the trust runs a residential care home - Cavendish House - caring for four residents with learning disabilities. This is funded through Local Authority placements.
We also own a second property within Lingfield village that is being leased to another charity on a gratis basis while a supported living service is being established.
The trustees confirm that they have complied with the duty in Section 4 of the Charities Act 2006 to have due regard to the Charity Commission's general guidance on public benefit.
The Cavendish House Trust
FOR THEYEARENDED31 July 2023
TRUSTEES’ REPORT
ACHIEVEMENTS AND PERFORMANCE
We were pleased to begin the inspection of Cavendish House in July 2023 and worked closely with inspectors from the Care Quality Commission (CQC) to support the process. Members of the residential care home team spoke with inspectors about how they support people within the home to be as independent as possible and take part in a wide range of activities in line with their interests.
Residents at Cavendish House continued to be well-supported throughout the year by a caring and engaged staff team who enable them to have fulfilled lives. Residents continue to have close connections within the Lingfield community through the church and a local drama group. They also access sporting activities such as swimming and attending a gym.
We have completed work on our second property and another provider has started to move people in to run it as a supported living service. We have agreed to provide this property on a gratis basis while the service is being established. This is in order to support people with learning disabilities within the local Lingfield community.
FINANCIAL REVIEW
During the year under review, the charity had net income of £4,672 (2022 - £17,482). General funds are maintained at a level approximating to six months charitable expenditure and are felt sufficient to cover any short term additional costs in line with the potential changes in the funding for the type of care the charity provides.
RESPONSIBILITIES OF THE TRUSTEES
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing those financial statements the trustees should follow best practice and:
-
select suitable accounting policies and then apply them consistently;
-
make judgements and estimates that are reasonable and prudent; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to assume that the company will continue on that basis.
The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2016. The trustees 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.
The board keeps its membership under review and seeks to ensure that it reflects the skills and experience needed to discharge its responsibilities. Its approach to recruitment reflects the circumstances of a small, local charity that experiences low turnover. The board will make use of advertisement or other approaches to recruitment as appropriate.
This report has been prepared in accordance with the Statement of Recommended Practice - Accounting and Reporting by Charities and in accordance with the provisions of the Companies Act 2006 applicable to companies subject to the small companies regime.
The Cavendish House Trust
FOR THEYEARENDED31 July 2023
TRUSTEES’ REPORT
The report was prepared in accordance with the special provisions within Part 15 of the Companies Act 2006.
This report was approved by the Board of Trustees on17 April 2024
DrV K Fenton Trustee
The Cavendish House Trust
INDEPENDENT EXAMINER'S STATEMENT
FOR THEYEARENDED31 July 2023
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OFTHE CAVENDISH HOUSE TRUST
| report on the accounts of the company for theyearended31 July 2023.
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 {the 2011 Act) and that an independent examination is needed. The charity’s gross income exceeded £250,000 and | am qualified to undertake the examination by being a qualified member ofACCA.
Having satisfied myself that the charity is not subject to an audit under company law and is eligible for independent examination, it is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act;
-
follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
-
state whether particular matters have come to my attention.
BASIS OF INDEPENDENT EXAMINERS STATEMENT
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination indudes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair view" and the report is limited to those matters set out in the statement below.
The Cavendish House Trust
INDEPENDENT EXAMINER'S STATEMENT
FOR THEYEARENDED31 July 2023
INDEPENDENT EXAMINERS STATEMENT
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements:
-
to keep accounting records in accordance with section 386 of the Companies Act 2006; and
-
to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities
have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached
Date: 17 April 2024
Unsworth's Accountancy Services Ltd
Chartered Certified
39 Stockwell Road
East Grinstead
West Sussex RH19 4BD 01342 604936
The Cavendish House Trust
Statement of Financial Activities
for the year ended31 July 2023
| 2023 | 2022 | |||
|---|---|---|---|---|
| Unrestricted funds |
Restricted funds |
Total | Total | |
| £ | £ | £ | £ | |
| Income | ||||
| Income from generated funds | ||||
| Donations and legacies | 3,457 | - | 3,457 | 13,024 |
| Income from Investments | 1,256 | - | 1,256 | 31 |
| Income from charitable activities | 266,645 | - | 266,644 | 337,482 |
| Total Income and endowments | 271,358 | - | 271,357 | 350,537 |
| Expenses | ||||
| Costs ofgenerating funds | ||||
| Expenditure on Charitable activities | 266,603 | - | 266,601 | 333,055 |
| Total Expenses | 266,603 | - | 266,601 | 333,055 |
| Net galns on Investments | ||||
| Net Income | 4,755 | - | 4,756 | 17,482 |
| Gains/(losses) on revaluation of flxed assests | ||||
| Net movement in funds: | ||||
| Net income for the year | 4,755 | - | 4,756 | 17,482 |
| Total funds broughtforward | 1,320,144 | - | 1,320,144 | 1,302,662 |
| Netfundscarriedforward | 1,324,899 | - | 1,324,900 | 1,320,144 |
This statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities
The Cavendish House Trust
| BALANCE SHEETAT 31 JULY | BALANCE SHEETAT 31 JULY | 2023 | |||||
|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||
| Notes | £ | £ | |||||
| FIXED ASSETS | |||||||
| Tangible assets | 5 | 931,452 | 957,283 | ||||
| CURRENT ASSETS | |||||||
| Debtors (amounts falling due within one year) | 6 | 12,912 | 21,254 | ||||
| Cash at bank and in hand | 397,620 | 359,077 | |||||
| 410,532 | 380,331 | ||||||
| CREDITORS: Amounts falling due | within one year | 7 | 17,084 | 17,470 | |||
| NETCURRENTASSETS | 393,448 | 362,861 | |||||
| TOTAL ASSETS LESS CURRENT LIABILITIES | 1,324,900 | 1,320,144 | |||||
| CAPITAL AND RESERVES | |||||||
| Unrestricted funds | 9 | ||||||
| General fund | 746,330 | 715,743 | |||||
| Designated funds | 578,570 | 604,401 | |||||
| 1,324,900 | 1,320, | 144 |
For the year ending 31 July 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of trustees on 17 April 2024 and
slgned on their behalf by
Dr V K Fenton
Trustee
The Cavendish House Trust
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JULY 2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
1b. Incoming Resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
1c. Resources Expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
1d. Allocation And Apportionment Of Costs
All costs relate to the single activity of the charitable company and are recognised accordingly.
te. Fund Accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Designated funds are funds set aside by the trustees out of unrestricted general funds for the specific future purposes or projects.
1f. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective January 2015).
1g. Going Concern
These financial statements have not been prepared on the going concern basis.
th. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Land And Buildings
straight line over 50 years%
Fixtures and Fittings Equipment Motor Cars
reducing balance 20% reducing balance 20% reducing balance 25%
The Cavendish House Trust
1i. Turnover
Turnover represents the invoiced value of services supplied by the company.
2. DIRECTORS AND EMPLOYEES
Particulars of employees (including directors) are shown below:
----- Start of picture text -----
||||||||||
|---|---|---|---|---|---|---|---|---|
|Employee|costs|during|the|year|amounted|to:|2023|2022|
|£|£|
|Wages|and|salaries|175,723|195,548|
|175,723|195,548|
|The|average|weekly|numbers|of employees|during|the|year were|as|
|follows:|
|2023|2022|
|No.|No.|
|Management|and|administration|12|12|
|12|12|
|No employees|have|emoluments|in|excess|of|£60,000.|
----- End of picture text -----
3. EMPLOYEES
----- Start of picture text -----
|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|2023|2022|
|No.|No.|
|Average|number|of employees|12|12|
|No|employees|have|emoluments|in|excess|of|£60,000.|
|4.|INDEPENDENT|REVIEWER'S|FEES|2023|2022|
|£|£|
|Independent|examiner's|fee|870|870|
|Other fees|(payroll|and|statutory|work)|paid|to|the|indepedent|examiner|420|420|
|1,290|1,290|
----- End of picture text -----
The Cavendish House Trust
5. TANGIBLE FIXED ASSETS
| Land And |
. Fixtures |
||||
|---|---|---|---|---|---|
| wa: Buildings |
and Fittings |
. Equipment |
Motor Cars |
Total | |
| £ | £ | £ | £ | £ | |
| Cost | |||||
| At 1 August2022 | 1,022,895 | 21,242 | 10,169 | 29,615 | 1,083,921 |
| At 31 July 2023 | 1,022,895 | 21,242 | 10,169 | 29,615 | 1,083,921 |
| Depreciation | |||||
| At 1 August2022 | 88,310 | 16,216 | 9,154 | 12,958 | 126,638 |
| For the year | 20,458 | 1,005 | 203 | 4,165 | 25,831 |
| At 31 July 2023 | 108,768 | 17,221 | 9,357 | 17,123 | 152,469 |
| Net Book Amounts | |||||
| At 31 July2023 | 914,127 | 4,021 | 812 | 12,492 | 931,452 |
| At 31 July 2022 | 934,585 | 5,026 | 1,015 | 16,657 | 957,283 |
| 6. DEBTORS | 2023 | 2022 | |||
| £ | £ | ||||
| Amounts falling due within one year: | |||||
| Trade debtors | 1,212 | 2,864 | |||
| Other debtors | 11,700 | 18,390 | |||
| 12,912 | 21,254 |
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Trade creditors | 13,074 | 13,074 |
| Taxation and social security | 1,906 | 2,295 |
| Other creditors | 2,104 | 2,101 |
| 17,084 | 17,470 |
8. LIMITED BY GUARANTEE
The company is limited by guarantee and does not have a share capital. Each member gives a guarantee to contribute a sum not exceeding £1, to the company should it be wound up. At 31 July 2023 there were 4 members.
The Cavendish House Trust
9. UNRESTRICTED FUNDS
| Brought forward |
Incoming resources |
Outgoing resources |
Transfers | Carried forward |
|
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| General fund | 715,743 | 271,357 | (240,770) | - | 746,330 |
| Tangible Fixed Assets Fund | 164,401 | - | (25,831) | - | 138,570 |
| Development Fund | 440,000 | - | - | - | 440,000 |
| 1,320,144 | 271,357 | (266,601) | - | 1,324,900 |
Tangible Fixed Assets Fund
Ths Tangible Fixed Assets fund represents the proportion of the total funds that are represented by the tangible fixed assets of the Trust.
Development Fund
The Development Fund represents sums set aside for the future development of the services provided by the company.
Expenses By Charitable Actlvity
for the year ended31 July 2023
| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| General | Fund | 266,601 | 333,055 |
| 266,601 | 333,055 |
The Cavendish House Trust
Incoming Resources for the year ended31 July 2023
| 2023 | 2022 | |||
|---|---|---|---|---|
| £ | £ | |||
| Incomlng resources | ||||
| Incoming resources from generated funds | ||||
| Donations | ||||
| Donations and fundraising | 3,457 | 17,313 | ||
| 3,457 | 11,313 | |||
| 3,457 | 13,024 | |||
| Investment Income | ||||
| Interest received | 4,256 | 31 | ||
| 1,256 | 31 | |||
| 1,256 | 37 | |||
| Charitable Activities | ||||
| Fees received forthe care of residents | 266,644 | 337,482 | ||
| 266,644 | 337,482 | |||
| 266,644 | 337,482 | |||
| 271,357 | 350,537 |
The Cavendish House Trust
----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|Expenses|
|for|the|year ended31|July|2023|
|2023|2022|
|£|£|
|Expenses|
|Costs|of|generating|funds|
|Charitable|Activities|
|General|Fund|
|Food|and|household|expenses|11,154|8,656|
|Day|care|costs|-|38|
|Staff|entertaining|and|gifts|1,050|1,285|
|Rates|and|water|12,175|10,567|
|Insurance|8,787|8,411|
|Heat and|light|3,040|3,707|
|Cleaning|676|35|
|Repairs|and|maintenance|12,904|59,556|
|Staff wages|and|salaries|175,723|195,548|
|Staff|recruitment|and|DBS|checks|1,766|1,373|
|Staff|training|costs|1,628|3,023|
|Computer and|software|expenses|974|974|
|Computer and|software|expenses|3,763|4,243|
|Accountancy|and|bookkeeping|fees|3,154|2,800|
|Pension|advice|fees|366|366|
|Printing,|postage|and|stationery|117|376|
|Telephone|966|994|
|Subscriptions|81|40|
|Outings|and|activities|1,846|3,338|
|Sundry|expenses|602|204|
|Depreciation|of|land|and|buildings|20,456|20,458|
|Depreciation|of fixtures|and|fittings|1,005|1,256|
|Depreciation|of equipment|203|254|
|Depreciation|of|motor|cars|4,165|5,553|
|266,601|333,055|
----- End of picture text -----
266,601 333,055
This document was delivered using electronic communications and authenticated in accordance with the registrar's rules relating to electronic form, authentication and manner of delivery under section 1072 of the Companics Act 2006.
Registered number: 2734498
Charity number: 1022313
The Cavendish House Trust
UNAUDITED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2023
Prepared By:
Unsworth's Accountancy Services Ltd
Chartered Certified 39 Stockwell Road East Grinstead West Sussex RH19 4BD
The Cavendish House Trust
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023
TRUSTEES
AG Levy (resigned 12 January 2024)
C Meakings G A Meakings
J Wilson (resigned 21 March 2023)
DrV K Fenton
SECRETARY
AG Levy (resigned 12 January 2024)
REGISTERED OFFICE
Cavendish House 4 Saxbys Lane Lingfield Surrey RH7 6DN
COMPANY NUMBER
2734498 CHARITY NUMBER 1022313
BANKERS
Barclays Bank
ACCOUNTANTS
Unsworth's Accountancy Services Ltd Chartered Certified 39 Stockwell Road East Grinstead West Sussex RH19 4BD
The Cavendish House Trust
ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2023
CONTENTS
| Page | |
|---|---|
| Report of the Trustees | 3 |
| Independent Examiners Statement | 6 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 |
| Notes to the Accounts | 10 to 15 |
| DetailedStatementofFinancialActivities | 14 |
The Cavendish House Trust
FOR THEYEARENDEDS1 July 2023
TRUSTEES’ REPORT
The trustees present their report and accounts for theyearended31 July 2023
PRINCIPAL ACTIVITIES
The principal activity of the charity in theyearunder review waswas the provision of social care for people with learning disabilities.
STRUCTURE GOVERNANCE AND MANAGEMENT
The organisation is a charitable company limited by guarantee not having a share capital and was incorporated on 27 July 1992. The liability of the members, in the event of the winding up of the company, is limited to £1. The company is established under a Memorandum of Association which sets out its objects and is governed by its Articles of Association.
The trustees who served during the year were:
M Hughes (deceased 12/04/2022)
AG Levy
C Meakings
G A Meakings
J Wilson (resigned 21 March 2023)
The trustees of the charity are also directors for the purpose of company law. Trustees are appointed by a resolution of the council or by ordinary resolution of the company.
The trustees meet at least quarterly during the year.
The trustees make a formal assessment of the major risks to which the charity is exposed on an annual basis. They are satisfied that systems are in place to mitigate exposure to such risks.
OBJECTIVES AND ACTIVITIES
The trust's objects as set out in the Memorandum of Association are the relief of suffering and in particular the care of peaple with learning disabilities.
Currently, the trust runs a residential care home - Cavendish House - caring for four residents with learning disabilities. This is funded through Local Authority placements.
We also own a second property within Lingfield village that is being leased to another charity on a gratis basis while a supported living service is being established.
The trustees confirm that they have complied with the duty in Section 4 of the Charities Act 2006 to have due regard to the Charity Commission's general guidance on public benefit.
The Cavendish House Trust
FOR THEYEARENDED31 July 2023
TRUSTEES’ REPORT
ACHIEVEMENTS AND PERFORMANCE
We were pleased to begin the inspection of Cavendish House in July 2023 and worked closely with inspectors from the Care Quality Commission (CQC) to support the process. Members of the residential care home team spoke with inspectors about how they support people within the home to be as independent as possible and take part in a wide range of activities in line with their interests.
Residents at Cavendish House continued to be well-supported throughout the year by a caring and engaged staff team who enable them to have fulfilled lives. Residents continue to have close connections within the Lingfield community through the church and a local drama group. They also access sporting activities such as swimming and attending a gym.
We have completed work on our second property and another provider has started to move people in to run it as a supported living service. We have agreed to provide this property on a gratis basis while the service is being established. This is in order to support people with learning disabilities within the local Lingfield community.
FINANCIAL REVIEW
During the year under review, the charity had net income of £4,672 (2022 - £17,482). General funds are maintained at a level approximating to six months charitable expenditure and are felt sufficient to cover any short term additional costs in line with the potential changes in the funding for the type of care the charity provides.
RESPONSIBILITIES OF THE TRUSTEES
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing those financial statements the trustees should follow best practice and:
-
select suitable accounting policies and then apply them consistently;
-
make judgements and estimates that are reasonable and prudent; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to assume that the company will continue on that basis.
The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2016. The trustees 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.
The board keeps its membership under review and seeks to ensure that it reflects the skills and experience needed to discharge its responsibilities. Its approach to recruitment reflects the circumstances of a small, local charity that experiences low turnover. The board will make use of advertisement or other approaches to recruitment as appropriate.
This report has been prepared in accordance with the Statement of Recommended Practice - Accounting and Reporting by Charities and in accordance with the provisions of the Companies Act 2006 applicable to companies subject to the small companies regime.
The Cavendish House Trust
FOR THEYEARENDED31 July 2023
TRUSTEES’ REPORT
The report was prepared in accordance with the special provisions within Part 15 of the Companies Act 2006.
This report was approved by the Board of Trustees on17 April 2024
DrV K Fenton Trustee
The Cavendish House Trust
INDEPENDENT EXAMINER'S STATEMENT
FOR THEYEARENDED31 July 2023
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OFTHE CAVENDISH HOUSE TRUST
| report on the accounts of the company for theyearended31 July 2023.
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 {the 2011 Act) and that an independent examination is needed. The charity’s gross income exceeded £250,000 and | am qualified to undertake the examination by being a qualified member ofACCA.
Having satisfied myself that the charity is not subject to an audit under company law and is eligible for independent examination, it is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act;
-
follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
-
state whether particular matters have come to my attention.
BASIS OF INDEPENDENT EXAMINERS STATEMENT
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination indudes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair view" and the report is limited to those matters set out in the statement below.
The Cavendish House Trust
INDEPENDENT EXAMINER'S STATEMENT
FOR THEYEARENDED31 July 2023
INDEPENDENT EXAMINERS STATEMENT
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements:
-
to keep accounting records in accordance with section 386 of the Companies Act 2006; and
-
to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities
have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached
Date: 17 April 2024
Unsworth's Accountancy Services Ltd
Chartered Certified
39 Stockwell Road
East Grinstead
West Sussex RH19 4BD 01342 604936
The Cavendish House Trust
Statement of Financial Activities
for the year ended31 July 2023
| 2023 | 2022 | |||
|---|---|---|---|---|
| Unrestricted funds |
Restricted funds |
Total | Total | |
| £ | £ | £ | £ | |
| Income | ||||
| Income from generated funds | ||||
| Donations and legacies | 3,457 | - | 3,457 | 13,024 |
| Income from Investments | 1,256 | - | 1,256 | 31 |
| Income from charitable activities | 266,645 | - | 266,644 | 337,482 |
| Total Income and endowments | 271,358 | - | 271,357 | 350,537 |
| Expenses | ||||
| Costs ofgenerating funds | ||||
| Expenditure on Charitable activities | 266,603 | - | 266,601 | 333,055 |
| Total Expenses | 266,603 | - | 266,601 | 333,055 |
| Net galns on Investments | ||||
| Net Income | 4,755 | - | 4,756 | 17,482 |
| Gains/(losses) on revaluation of flxed assests | ||||
| Net movement in funds: | ||||
| Net income for the year | 4,755 | - | 4,756 | 17,482 |
| Total funds broughtforward | 1,320,144 | - | 1,320,144 | 1,302,662 |
| Netfundscarriedforward | 1,324,899 | - | 1,324,900 | 1,320,144 |
This statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities
The Cavendish House Trust
| BALANCE SHEETAT 31 JULY | BALANCE SHEETAT 31 JULY | 2023 | |||||
|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||
| Notes | £ | £ | |||||
| FIXED ASSETS | |||||||
| Tangible assets | 5 | 931,452 | 957,283 | ||||
| CURRENT ASSETS | |||||||
| Debtors (amounts falling due within one year) | 6 | 12,912 | 21,254 | ||||
| Cash at bank and in hand | 397,620 | 359,077 | |||||
| 410,532 | 380,331 | ||||||
| CREDITORS: Amounts falling due | within one year | 7 | 17,084 | 17,470 | |||
| NETCURRENTASSETS | 393,448 | 362,861 | |||||
| TOTAL ASSETS LESS CURRENT LIABILITIES | 1,324,900 | 1,320,144 | |||||
| CAPITAL AND RESERVES | |||||||
| Unrestricted funds | 9 | ||||||
| General fund | 746,330 | 715,743 | |||||
| Designated funds | 578,570 | 604,401 | |||||
| 1,324,900 | 1,320, | 144 |
For the year ending 31 July 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of trustees on 17 April 2024 and
slgned on their behalf by
Dr V K Fenton
Trustee
The Cavendish House Trust
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JULY 2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
1b. Incoming Resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
1c. Resources Expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
1d. Allocation And Apportionment Of Costs
All costs relate to the single activity of the charitable company and are recognised accordingly.
te. Fund Accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Designated funds are funds set aside by the trustees out of unrestricted general funds for the specific future purposes or projects.
1f. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective January 2015).
1g. Going Concern
These financial statements have not been prepared on the going concern basis.
th. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Land And Buildings
straight line over 50 years%
Fixtures and Fittings Equipment Motor Cars
reducing balance 20% reducing balance 20% reducing balance 25%
The Cavendish House Trust
1i. Turnover
Turnover represents the invoiced value of services supplied by the company.
2. DIRECTORS AND EMPLOYEES
Particulars of employees (including directors) are shown below:
----- Start of picture text -----
||||||||||
|---|---|---|---|---|---|---|---|---|
|Employee|costs|during|the|year|amounted|to:|2023|2022|
|£|£|
|Wages|and|salaries|175,723|195,548|
|175,723|195,548|
|The|average|weekly|numbers|of employees|during|the|year were|as|
|follows:|
|2023|2022|
|No.|No.|
|Management|and|administration|12|12|
|12|12|
|No employees|have|emoluments|in|excess|of|£60,000.|
----- End of picture text -----
3. EMPLOYEES
----- Start of picture text -----
|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|2023|2022|
|No.|No.|
|Average|number|of employees|12|12|
|No|employees|have|emoluments|in|excess|of|£60,000.|
|4.|INDEPENDENT|REVIEWER'S|FEES|2023|2022|
|£|£|
|Independent|examiner's|fee|870|870|
|Other fees|(payroll|and|statutory|work)|paid|to|the|indepedent|examiner|420|420|
|1,290|1,290|
----- End of picture text -----
The Cavendish House Trust
5. TANGIBLE FIXED ASSETS
| Land And |
. Fixtures |
||||
|---|---|---|---|---|---|
| wa: Buildings |
and Fittings |
. Equipment |
Motor Cars |
Total | |
| £ | £ | £ | £ | £ | |
| Cost | |||||
| At 1 August2022 | 1,022,895 | 21,242 | 10,169 | 29,615 | 1,083,921 |
| At 31 July 2023 | 1,022,895 | 21,242 | 10,169 | 29,615 | 1,083,921 |
| Depreciation | |||||
| At 1 August2022 | 88,310 | 16,216 | 9,154 | 12,958 | 126,638 |
| For the year | 20,458 | 1,005 | 203 | 4,165 | 25,831 |
| At 31 July 2023 | 108,768 | 17,221 | 9,357 | 17,123 | 152,469 |
| Net Book Amounts | |||||
| At 31 July2023 | 914,127 | 4,021 | 812 | 12,492 | 931,452 |
| At 31 July 2022 | 934,585 | 5,026 | 1,015 | 16,657 | 957,283 |
| 6. DEBTORS | 2023 | 2022 | |||
| £ | £ | ||||
| Amounts falling due within one year: | |||||
| Trade debtors | 1,212 | 2,864 | |||
| Other debtors | 11,700 | 18,390 | |||
| 12,912 | 21,254 |
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Trade creditors | 13,074 | 13,074 |
| Taxation and social security | 1,906 | 2,295 |
| Other creditors | 2,104 | 2,101 |
| 17,084 | 17,470 |
8. LIMITED BY GUARANTEE
The company is limited by guarantee and does not have a share capital. Each member gives a guarantee to contribute a sum not exceeding £1, to the company should it be wound up. At 31 July 2023 there were 4 members.
The Cavendish House Trust
9. UNRESTRICTED FUNDS
| Brought forward |
Incoming resources |
Outgoing resources |
Transfers | Carried forward |
|
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| General fund | 715,743 | 271,357 | (240,770) | - | 746,330 |
| Tangible Fixed Assets Fund | 164,401 | - | (25,831) | - | 138,570 |
| Development Fund | 440,000 | - | - | - | 440,000 |
| 1,320,144 | 271,357 | (266,601) | - | 1,324,900 |
Tangible Fixed Assets Fund
Ths Tangible Fixed Assets fund represents the proportion of the total funds that are represented by the tangible fixed assets of the Trust.
Development Fund
The Development Fund represents sums set aside for the future development of the services provided by the company.
Expenses By Charitable Actlvity
for the year ended31 July 2023
| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| General | Fund | 266,601 | 333,055 |
| 266,601 | 333,055 |
The Cavendish House Trust
Incoming Resources for the year ended31 July 2023
| 2023 | 2022 | |||
|---|---|---|---|---|
| £ | £ | |||
| Incomlng resources | ||||
| Incoming resources from generated funds | ||||
| Donations | ||||
| Donations and fundraising | 3,457 | 17,313 | ||
| 3,457 | 11,313 | |||
| 3,457 | 13,024 | |||
| Investment Income | ||||
| Interest received | 4,256 | 31 | ||
| 1,256 | 31 | |||
| 1,256 | 37 | |||
| Charitable Activities | ||||
| Fees received forthe care of residents | 266,644 | 337,482 | ||
| 266,644 | 337,482 | |||
| 266,644 | 337,482 | |||
| 271,357 | 350,537 |
The Cavendish House Trust
----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|Expenses|
|for|the|year ended31|July|2023|
|2023|2022|
|£|£|
|Expenses|
|Costs|of|generating|funds|
|Charitable|Activities|
|General|Fund|
|Food|and|household|expenses|11,154|8,656|
|Day|care|costs|-|38|
|Staff|entertaining|and|gifts|1,050|1,285|
|Rates|and|water|12,175|10,567|
|Insurance|8,787|8,411|
|Heat and|light|3,040|3,707|
|Cleaning|676|35|
|Repairs|and|maintenance|12,904|59,556|
|Staff wages|and|salaries|175,723|195,548|
|Staff|recruitment|and|DBS|checks|1,766|1,373|
|Staff|training|costs|1,628|3,023|
|Computer and|software|expenses|974|974|
|Computer and|software|expenses|3,763|4,243|
|Accountancy|and|bookkeeping|fees|3,154|2,800|
|Pension|advice|fees|366|366|
|Printing,|postage|and|stationery|117|376|
|Telephone|966|994|
|Subscriptions|81|40|
|Outings|and|activities|1,846|3,338|
|Sundry|expenses|602|204|
|Depreciation|of|land|and|buildings|20,456|20,458|
|Depreciation|of fixtures|and|fittings|1,005|1,256|
|Depreciation|of equipment|203|254|
|Depreciation|of|motor|cars|4,165|5,553|
|266,601|333,055|
----- End of picture text -----
266,601 333,055
This document was delivered using electronic communications and authenticated in accordance with the registrar's rules relating to electronic form, authentication and manner of delivery under section 1072 of the Companics Act 2006.
The Cavendish House Trust
INDEPENDENT EXAMINER'S STATEMENT
FOR THE YEAR ENDED 31 JULY 2023
INDEPENDENT EXAMINERS STATEMENT
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requ itements:
-
to keep accounting records in accordance with section 386 of the Companies Act 2006; and
-
tO prepare accounts which accord with the accounting records, comply with the accounting requirements of section 386 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities
have not been met or
(2) to which, in my opinion, attention shouid be drawn in order to enablea proper understanding of the accounts to be reached
Date: 17 April 2024
Unsworth's Accountancy Services Ltd
Chartered Certified
39 Stockwell Road East Grinstead West Sussex RH194BD 01342 804936
,
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