2023-03-31-accounts

REGISTERED CHARITY NUMBER: 1040892 Trustees and Flnanelal Ststèmènts r End￿ 31 March 2023 for richael Batt Charttable Trust TC Group Slatulory Auditors Harscornt￿ House 1 Darkl8ke Ir Plymouth PL6 TfL

PKichael Batt Charttabl• Trust Contents of the Flnancial Statemen For The Year Ended 31 March 2023 Page Rof¢r•ne• and AdmSnlstrative Detaits Report ofthg Trustees 2 to 4 port ofthe Independent Audrtorn Statement of Financial Aclmtles 84￿￿¢￿ Sheet Cash Flow Statement N?tes to thg Cash How Statsment 10 Not•s to the Financial Statemen18 11 to 18 Detailed Statwngntof Financlal Acbvitse# 19

Michael Batt Charltabl• Trugt tferénce and Administratr¥e Details For The Year Ended 31 March 2023 TRUSTEES DrMBatt A F(Krester (deceased 29.9.24) A MaGkie Dr D Kayania PRINCIPAL ADDRESS T{V￿r Hill Coleshill Amersham HP70LA REGISTERED CHARITY NUMBER 1040892 INDEPENDENT AUDITORS TC Group Statutory Auditors Har5combe House 1 Darklake Ifi Plymouth Devon PL6 SOLICITORS Gil Akaster 25 Lockyer Street Plymouth BANKERS Natwest Bank 12-16 Okl Town Streèt Plymouth PL1 1DG Page 1

Mlchael Batt For The Year Ended 31 Marth 2023 The trust8•s present their report the stslemewrts of the tharity for the year end&1 31 March 2023. The trustees have adopted the provi￿On$ of Accounting and Repcrting by Charities. Stat¢tnent of Recommended Practice applicable to ch8rithÈs pmparing their a￿Unts in accordance the Finanoal Repothg Standard applicablo in the UK and Republic of Ireland {FRS 1021 leffecb've 1 January 20191. Structure. govemance and management Type of goveming dC￿Ment- Deeds date 2210811994 and updatedamended on 10110r2013. How the Charity 15 wn5tituted- Trust Trust•e sdecion method5- Appointsd by the Tfustees Policles and procedurgs adopted forthè inductlon and training of trustee Thote are no forrnal policies. truste&s, previous￿ krh)wn for at tht fve yQaTS to th¢ Board of Trustees, a approachèd and rf accèpt￿1 are subsequenUy appointed by the Trustees. Tho Charity'3 organlsallonal structure and any wlder networt with T*hieh thè Charlty works Thè Charity is administered by a Managernent Body cOnWr￿lng the Chairman aNI Tmstees. Other than the relationships detailed in "Note 10 Related party tranSaCtic￿- there arg no r8lated partTres. Tru5tees' conslderation of major ri8ks and th• systèm and procedures to manage them The key risk are.. l Long term vacancjes more than 10% of our 26 rooms 2 Cashfiow dilfjculties 3 Exceptional unbudgeted costs 4 Cost of compliance wilh regulatory wime 5 Long tem staff shortages Under the tèm￿ of th8 risk management poliGy ad¢wteil by the Trustees. the slrategic operatK)nal and finanaal risks to which the Charity is exposed are evaluated ￿ a continuing basis and appropriate systems have been put rn place to mitigate any major risks whith are identified. The Trustees are Satisfi￿ that Ihis poltw is sufficient to identify those risks on a timely basis a5 far as ￿&s1b18 and to ensure that appropriate adM)n be tsken so as to keep perceived risks to an tablè level. Under tsrm$ of the Deeds of the Charity dated 22108M994 and 1011012013 and conflnned the Charity Commlsslon wèbsite To relièvè sicknéss by SuppO￿ng the Wcfks of hospice orgaTrisations th￿91￿)Ut England and Wales rogi51er¢d as chariti¢s dedicated to the relief and wdfare of thè tÈmiinalty ill and to womote the welfrare of the elderly by advancing the relief of old age. Summary oftha obj•cts ofthe Charity set out in its goveming document The objects of the Charity are set out in rts Deeds. dated ￿ 22 August 1994 and updated and amended ￿ 10 O¢tober 2013. These are to provide supwrt lo the eldèrly by advanang the rel￿1 of old age. The Chairman and Trustées ree￿1ve Th) remLtneration any pay￿nt for seNces provided. Expenses of £0 {2022- £0) were inoJrred to cover the cost ofcA)nducliThJ bjsiness on behalfof the Charity. Summary of the main aetivities undartaken for the public benefit In rglation to these objects The Trustees. are 8Wdre of 8nd heed the guidance issued ty Ihe Charity commi￿10￿ on public benefit As a result of the ￿StrictionS during Ihe Cowd p8fMlemic CQC had twi unable to o)ndud its reguki annual inspections of care home, including Rushymead. Bud¢Inghamshi￿ CThJnty Counal would ￿dinatI1Y cary wt inspections of the Home but although therè were occasional informal visits the more formal review process was cgnducled as a result of the Covid ￿￿triCtIOnS and these, like CQC had rK)t rèsumed aft•r those ￿StriCt10n5 wer¢ lifted. Follwng a series of inladents starting arol￿d June 2023 the Trustees t(x)k th8 drfficujt decAsion to cknse the Home in February 2024. Page 2

PAicha81 Batt Charitsble TnESt or The Year Ended 31 March 2023 In June 2023 the Tfustees received an ￿onymouS message advisirtg that a staff member. had been ordering and rernoving for their personal use quanbbes of soft drinks. The Trustees investigated Ihe matter thoroughly and when the staff mewbor was confronted wth the al￿ga￿'0ns they stat&J that Ihey had agrÈed with the Manager that they could bè taken In lieu cif claiming overtime. This tan (x)ntrary to some of the Managerfs own statement was inconsistent trAth the fact that the staff member was alrÈ8dy daimirjg 8 signrffcant wnount of overtime Iwhid) was itself the subject of a Separate invesligath)n as it was exc￿ve1. Evenbjally aftw attempts to gèt thè staff member to attend a Disciplinary hAeeling, they tendered their resignation effecbve 1 September 2ff23. ￿thoUgh the stsff mèmbor thwlened lo tskg the mattèr to an emwoyméftt tribunal for Construdi￿ dismiss￿ rLO further acl'on vras in fact taken. In August 2023 the Home was fO￿d into an extraoi¢thnary iiem of exponditure vrtjen rt SUffe￿d an infeststion of bed bLJgS, the cost iy èradicab.on being £20.280 induding VAT. As a result of the issues vAth the bed bu95 &JGkinghamshirp County CounTrl ￿ryled wl an i08FeCtion of the Home. During their visit one of the senior inspeclors was verbalEy knused by a staff member. Furthermore. Buckinghamshire County Council found inrydences of hygiene and residents. care, the cOnS￿uence of which was to suspend the charity from taking on any new 8uckinghamshire C(MJrrty coun¢￿ referred resKlents. This alsctr prompted cac to carry out its own inspection and confimied the same shixicomings. This Staff member join￿1 the charity in the autumn of 2012 ar until 2023 98ve the Trustees no reason to be concemed abtyth the￿ continuing suttability to undertake t￿[r dutlès and responsibdrtie5 in a satisfactory manner. AS a resuh of 0)ndL￿t during the insp&ction and the shortcoming entified this staff nmber was dismissed at a Disryplinary Hearing and Ihis decjsion was upheld folowing an appeal. Again this staff m￿ber threatened to refer thè matter io an empjoyment tribunal but Ihis did not malerialise. Despite consideiable efforts by the staff to address the issues wjentified by Bud(inghamshire County Counal and CQC thè Hom6 was unablé to pérsuadÈ them to lrft therr suspension. forang the Trustees to decide on an orderfy Closu￿ of the Home. The last resident left on g Febiuary 2024 and thè staff red￿nda￿leS were completed in an orderly fashion around the same me. The Trustees to ¥thnts￿e 811 the hard wcffk and dedKation shown by all the staff Ihroughout this period. During th¢ period from April 2022 lo J8nuary 2024 Rushymead suffered llitemiittenl and a signrficant number of empty rooms. AchievtmÈnt# and performance Refer to above comments. Finanoial review During the year the Charity re￿iVed £1.(￿9.719 from care home accommodation fees and spent £1.298.145 woviding for these.12022 £1,184,962 and £1216.5341. Bdef ststsmerrt ol the charity's policy on reserves It is the policy of the Trustees to plan adequate funds for such amounts as are appropriate lo provide thè carÉ and 8UPPOrt of our residents. The chartys reserves at 31 Marth 2023 do not meet the policy. Res6Nès héld at 31 March 2023 totsl a deficit of t316.7￿, wth an unrestricted defiryt of £326.758 and a restricted SUTpILts of £10.000. Details of any funds materially in deficit All unrestricted funds ale in defiat. Thè Charity's principal soure•s of funds lineluding any fundraising} Providing a¢comm¢d8tion and care io our resdents wh) are both privately and put4ically futvjed. The Charity does not fundraise. How gxpenditure has supported the key objectives ofthe Charity Hitherto the Trustees have striven to ￿SUre that surr￿lent funds ate mad& available to pay 811 suppliers and slaff. In recent times this has proved not lo be possible. Invostment policy and objectlv8s The Chariiy has no investments. Futu￿ Dev•loprnents As referred to earlier in the Trustees rewt the chartiy has beèn d(trsed. There are no future p18ns. STRUCTURE, GOVERNANCE AND PAANAGEMEMr Governing document Thè charity is controllèd by tts govèming dowrnent. a deed of trust and constitutes an unino)rporated charity- EVENTS SINCE THE END OF THE YEAR Information ￿lating to events Sir￿ the ertd of the year is given in the not85 to the finanual statem￿rtS_ Page 3

Mlehael Batt Charltable T￿￿t For The Year Ended 31 March 2023 STATEMENT OF TRUSTEES, RESPONSIBIUTIES Th¢ trustees are responsiblè for FMEparing the ReFKWt of the Tn&stees and the finanrial ststement$ in accordance with applicablèlow arwj United Kingdom A(Kountsng StstKl8rds (United KIngd￿n Generalty AcLepted Accounting Practicè). Charity law requirès thé truste6s to prepare finanaal statements for each financial year. Un¢kr that law. the truslees have eleded to prepare the finanual ststements in accordance wth Unitod lfjngdom Generally A¢￿pted AtA)unting Practice (United Kingdom Accountiro Standards and applicaNe lawl_ Under charity law the trustees must not approve the financial Staterr￿ts unl855 they a￿ satisfied that trey give 3 true and fair view of the slate of Èffairs of the charity and ol the Ir￿￿ling ￿sOUrceS and application of r959uice5. including the income and expenditure, of the charty for that period. In weparing those finanoal ststements, the trustee8 xrÈ required lo s•l8ct suitable acwunting FN)lioes and then appty them CA)n&st)ty" observe the methods and prinoples in thè Charihès SORP". rnake judgements and ests"males that ore wsonable prudent atè whether appli¢2ble ￿ul￿"n9 standards been follo￿d. subiect to any material departures disdosed and plained in the financial statements.. prepare Ihe financial statements on the going Con￿ basis unless it is napworKiat8 to presume that the charity wll rxjntinue in business. The trustses are respo￿]ble for keeping proper ?c(x)unting ￿L￿d5 7which thsclose ￿th rÈason8ble acujracy at any time the finanaal position of the charity arKI 19 enable them to ensure that the finanoal statements compty with th8 Cherities Act 2011 and The Charity {A¢￿unts ar¥J Repcwts) Regulations 20Q8. They are also respmsiblè for safeguarding the assets of the tharity 8nd hence for takiThJ reasonable steps for the prevention and dètection of fraud and tsther irregularities. Approved by (jrder ofthe board oftrustees on 23 Fèbnjary 2026 and signed on its behalf by". Mr A Mackie- Trustee Page 4

Re rt of the Ind• •nd•nt Auditory tts the Tnjstees of hael Batt Charliable Trust Oplnlon Dlsclaimer of Oplnlon We were engaged to audrt the financial Statern￿ts of Michad Batt Charitable Trust (thè 'tharity? for the year ended 31 March 2023 which comprise the Statement of Fina￿al AGtivikn85. the Balan￿ Sheet. the Cash Flow Ststèmènt and otes to the financial statements, induding a summary of accounting policies. The finanaol frafflEwork that has been applied in their preparation is apF4icable and United Kingdom Ar￿)UntIng Standards (United ￿ngdoM Generally Ac￿ptwj Accounb"ng Practir£). We do not express an opinion on the accompanwng fin￿￿81 Ststements of the o)mpany. Because of the &ignifiGanc¢ of the matter d8scribe(l in thè basis ft>r disclaimer of opinion Se￿￿ of our teport. we have not been able to obtain 8ufficient appropriate audit evidence to prowde a basis for an audit opinion these ffinanoal stslefftonls. Basls for dlsclaimer of opinion While conducbng the audit insuffiaent approwate audit eV￿JenTr was avlable meaning we were unable to suffioendy test wages (the largest expense) due to rectth no lorvJer being availab￿ and which was an arèa highlighted by management of suspected and ￿tUal fiaud. As a rÈsutt of Ihis we were unable to delemiine whether any adjustments might have been foutKI rwe55ary in respect olwages. Emphasis of matter- ba51$ Qf preparation We draw attention lo Note 18 to thg finanual statements whith explains th8t the trustees intend to liquidate the charity and therefore do not consider it to be approwiate to adopl the going concem basis of accounting in prèparing the financial staternents. Accordingly th8 finan(ial ststements TrKave been prepared on a basis olher than going c￿ce￿ as described in Note 1. Matt•rs on whleh wè are required to report by exceptian Notwilhslanding our disdaimer of an opinion on the finan¢ial statements, in the light of the knO￿edge and understanding ofthe charity and rts environment obtained in the Ix>urse of the audit perfOr￿d subjed to the p¢rvasi¥e limitation desthed above, we have not ldentrf￿ material misstatem&nts in thè trustees report. Arising from the limitation of our work refett￿ tD above: - we have not obtained all the information aThJ explarptK>ns th81 we cThis¢dwed necessary for the putPQse of our audit" 8nd - WO Were un8ble lo determine whether adequate accounb"rKJ records have been kept. We have nothing to report in respert of the folhmng matters n relation to whith thè Charities (Accounts and Reports) Regulations 2008 requires us to report to you if. in our opinion.. - retums adequate for our audit have not been receNed from bran()ès noi wsf(ed by us" or - the finanei81 stat8rn8nts are not in agreement wrth the accounting ￿CordS and ￿u￿$. RÈsponsibilities of trustees As explained more fully in the Statement of Trustee5' Respon5ibililies. the twslees are responsible for thè pr8paration of the ffinancial staternents W)¢( give a true and fair VI￿4. ar￿ ft)r such intemal o)ntrol as the trusleès determine is necessary to enablg the preparation of finanoal statements Ihat are frèe from material misstatement, whether due to fraud or efroi. In preparing the fjnancial st8tÈm8nts, the trustees are responsible for assessing the tharitys ability to continue as a going concern. disclosing, as applitsble, mters ￿lated to going c(mcem and using the going GonGem basis of counting unless the trustees either intend lo tiquKlate Ihe tharity or to ￿ase operations. or have no realisb"c altemative but to do so. As per Note 18 the trustees inlend to liquidate Ihe charity Iherefore the finanaal statements have been prepared on a basis other Ihan going concem as de5cnl)ed in Note 1. Page S

Re ort ofthè lrtde b)dent Auditors to the Trustees of Michael Batt Charitablè Trust Our re8ponsibllllJes for the audrt of thè financial statements IN8 hav¢ been appointed as auditors undèr Section 144 of the Ch8rtiies 2011 and report in accord8ncg with the Act and relevant iegulalions mad¢ or having effect thereunder. Our responsibility is to tr￿dl￿t an audrfc the charitys finanual statements in acc0ndan￿ wth 1ntemats.onal Standèrds on Auditing (UK> and lo issue an auditors repcfft. However because of the matter des¢rib¢d In the basis &Jr thsclairrer of opinK)n section of report, we wet¢ not able lo obtain sufficient 8ppropriate audit eviderKe to providÈ a basis foran audit opinion on these financial statsments. We are independent of the thatity in aCcOrda￿e Tth tre ethitsl r￿Ulf•M&ntS that are relevant to our audil of th8 financial staleffl¢rrt5 in the UK, including the FRrys Elhtsl Standard. and we have fijffilled our other ethic81 respon￿bIlItIeS in accordance wth these wuir¢ments. Detectin9 Irr•gulariti•s The extent to which our procedurès are capable of detecting irregulattses. indu¢fing fraud is detsiled bèlow.. Irregularities, incluthng fraud, a￿ instsnces of nOrA)mprian￿ tpthh kn and regulab"ons. W¢ design procedures in linÈ with twr responsibilities, outlined above, to detèd materia misslatements in respe(a of irtegutarttses. Includi￿ fraud. The extent to which our procÉdures are capable of detecling irreguiaribes. induding fraud, are. we idenb.figd laws and regulations applicable to the tharty Ihrough disujssbons trustees and othér management. and from Qui commeraal knowledge and eyperience of the care sedor ￿lch i[￿￿￿e." The Charities Aca 2011. Charity SORP, FRS 102, the Health and Soaal Care Art GDPR data prOtec￿n regulatiMs. heallh and safety regulations and efnploym¢nt legislation. We assessed the extent of compliance wtlh the laws and regulations id8ntifi&J through making enquiries of m8n8gement and inspecting kgal cor￿spOndence vthere rele¥anL To add￿sS the nsk of fraud through management bias and override controls, we perfonred anyiical review and le5ted journal entries to identify unusual transactions. There are inherent limitatons in our audit procedures ￿$￿1)ed above arKI the mre rÈmoved that laws and regulation8 are from financial transactions. the less likely (( is that V￿ would bec(￿Tre aware ¢f non-¢tsmplIan￿. Auditing standards also limit the audrt prO￿d￿reS required lo identify n0rtrumplian￿ wth la￿ and regulations to enquiry of th8 trustees and other management 8nd the inspection of reguL4tory and begal corresponderhTr. rfany. A fvrth¢r description of our reswnsibiltb.es for the of Ihe ffinancial Stat￿l¢￿t5 is located on the Financial Rèporting Coun(Él's website at www.frc.org.ukl8udrftorsresponsibilbties. This de9￿ption forms part ol c4Jr Report of the Ind¢pendent Auditors. Usè of our report This report is made sokly to tr chartty's bijstees. as a body. in 8¢¢Ordan￿ ￿th Part 4 of the Charities (Accounts and Reports) Regulation5 2tXJ8. Our audit wwk has been undertaken so thal we mvJht stale lo thè d)8riVs trustees those matters WÉ arè required tCTr State to them in an audtt<Xs' report and for no other purpose. To the fullest extent permitted by law, we do not a￿pt or assume reSp￿sibIlity to anyone other the charity and the charit¢s trustees as a body, for our audit work, for this report. orfor1￿ opinions we have formwj. I,C.ts4 TC Group Statutory Auditors Harscombe House 1 Dsrklakè WJ6w Plymouth Devon PL6 7TL Oate-. Page 6

Michael Batt Charitabh Trust ststanènt of Financial Activiti For The Year Ended 31 March 21>23 31.3.23 Total funds 31.3.22 Tolal fijnds Unrestricted Restr*Xed fijnd fvnd Notes INCOME AND ENDOWMENTS FROM Donations and legaci95 670 670 18,218 Charitable actSvitSes Residential home 1,069.049 1,069.049 1.168,745 Total 1,069.719 1.069.719 1,184.963 EXPENDITURE ON Charitablè activit5èS Residential home 1,306.233 1.306.233 1.224,574 NET INCOMEIIEXPENDITUREI 1236.514) (236.514) 139,611) RECONCILIATION OF FUNDS Total funds brought forward {90.2421 10,000 180.242) 140.8311 TOTAL FUNDS CARRIED FORWARD 1326.7561 10,000 {316.7￿} 180,2421 The notes fomi part of Ihese finantsal ytaiements Page 7

Mich Batt Charltable Trust Balance Sheet 31 March 2023 31.3.23 Totsl lunds 31.3.22 Total funds unreslT￿t￿ Restricted ftjnd filnd FIXED ASSETS Tangible as3ets 10 32,587 CURRENT ASSETS Stocks Debt￿& Cash at bank aThJ in hand 11 12 4,￿)0 45,198 14,362 4,000 36,111 66.e89 45,198 4,362 10.000 10.rATro 63.560 106,800 CREDITORS Amounts falling due wthin one 13 1280,3161 1280,3161 11 Q5,629) NET CURRENT ASSEfsi{UABILlnESI 1226.7S6) 10.000 1216.7561 1.171 TOTAL ASSETS LESS CURRENT L￿BluT[Es 1226.756) 10.1)00 (216,7561 33.758 PROVISIONS FOR LIABIUTIES 15 111)0.000) 1100,0001 (114,OOQI) NET ASS￿S1{LIA6ILITIEsl 1326,7561 10,000 {316.7561 180,242) FUNDS Unrestricted funds Restricted fLwJds 16 1326.756) 10,000 190,242) 10,000 TOTAL FUNDS 1316,758) 180.242) The financial statements were apprr)ved by the Bo8rd of Tmstees and auil¥)rised for issue on 23 F¢brLtary 2026 and were signed on its behalf by". Mr A M8cki0- Tiust¢¢ The notes fom part of these finanaal stat￿6nts Pagg 8

Michael Batt Charhtablè Trust Cash FI¢y•4 Statement For The Year Endgd 31 March 2023 31.3.23 31.3.22 Cash flows from operating actiYitl•s Cash generated from operations Movement in pension provision 138,020) 114.000) 110,225) 15,000 Nel cash (used inypr0v￿ed by operating a¢bvit {52,020) 4,775 Cash flows from investiry activities Purchase irftsngible fixed assets Sale of S￿al investsnents (307) (6,078) 15,000 Net cash (us8d lnllprov￿ed by investing activities {30n 8,922 Change in cash and cash oquivalonts in the reporting period Cash and cash equivaFents at the beglnnlng ofth• ropo￿n￿ ￿riod 152,327) 13.697 66.689 52.992 Cash and cash equivalents atthe end of the reporting period 14,362 e6,689 The notes fomi part ofthese finanoal statements Page 9

Michael Batt Charftable Notes to thè Cash Fl¢)w Statsm•nt For The Year Ended 31 Illarch 2023 RECONCILIATION OF NET EXpEND￿uRE TO NET CASH FLOW FROM OPERATING ACTMTIÉS 31.3.23 31.3.22 Not expeTKliture for the reporting period las per thè Stst•mènt ol Flnancial Activities) Adjustments for.. Depreciation charges Losses on investments Impaimieril losses (Incrèssélldècrèasa in debtors Incrèase in creditors (236.514) 139.611) 8,146 115.OW) 32.894 19,0871 174,687 19.523 16.717 Net cash usgd In oporati<>n5 {38.0201 (10.225) ANALYSIS OF CHANGES IN NET FUNDS At 1.4.22 Cash Itow At 31.3.23 Net cash Cash at bank and in hand 66.689 (52.3271 14,382 66.689 {52,3271 14,362 Total 66,689 (52,3271 14,362 The notes form part ofthe8è fmanoal statements Page 10

Michaet Battcharltable Trt￿t Notes to the Financial Staternents ForThe Year Ended 31 March 2023 ACCOUNTING POLICIES Basls af prèparing the financial statements Th8 fin8ncial statÈrAÈnt3 of the charity. vthith i8 a pU￿1C benefft enlity urKler FRS 102. have been prepared in a¢coidance with the Charities SORP IFRS 102) Accounb"ng and Reporting by Chwities.. Statement of Recommended Prac11￿ 2PFAicable lo thariti.es weparng their a￿ntS in accordance with the Financial Reporting Standard appliCa￿e in the UK and Repuwic of IrelaThl IFRS 1021 (effective 1 January 2019),, Financial R¢portin9 StsndarEI 102 The Finanoal Re[￿1￿j Standard appltsble in the UK and Republic of Ireland. and the ChèrÈbes Act 2011 The finarrial statemenls have been p￿par8d undèr the historieAI wst convention. Mithagl Batt CharIta￿e Trust meels Ihe definition of 3 ￿b[IC ￿neffi entity ￿￿er FRS 102. Assets and liabilities are initially recognised at histoncal cost or transaclion valuè un￿sS othérwisè state in Ihe relevant accounting policy notes. Going cone•m The Chaiity continutrs lo be in a net liabilities FQStlion and in 2024 was close¢J. The have not been p￿pared on the goin9 basis ar￿ inste&J ath)pt the break up basis. The Trustèès aCkrkTr￿￿dge thTrs in the Trustees report. Income and ondowm•nts All income, including care horne inrxbn, is recognised orKe 1he dwrtty has entillemenl lo the ￿COme. the economic benefit 15 probable and the amount can be retiabty measured. Voluntary ll)come including donations. gifts. legacies and grants that provide corp furKling or are of a general nature is recognised when the charity has entitlemènt to the incC￿ne. it is probatle that the will bg recer¥ed and the amount can be measured with sufficient i¢liaixlty. Donations and legacies Donations and legacies a￿ ￿COgnISed on a reeÈwable basis receipt is probably aryj the amount can b¢ reliably measured. Deforred Income Deferred income reprès8nt# amounts r￿l￿ed for future periods and is released to Inwme for the perlod - the donor speofies that the 9rant ordfmation onty be used in firture accounting periods". or - the donor has irnposed conditions vA)ich must be met txfore the tharity has unconditional entrfement except whère eAre home fees are deferred. Expenditur• All expenditure is rèwnisèd onte thwe is a legal or conslructive obfigation to that expendilurg. it is probable settlement is fequiTed 8nd thè amount can be measure reliabty. All costs are allocated lo the applicable expenditure heading that a99re9ate similar ￿$ts to that category. Where costs cannot be dI￿¢t[Y attributed to pgrtitular headings they have been allocated on a ba&s wnsislent wth the use of resources Ihith central staff costs ¥110¢8ted on the basis of time spenL and depretsabon charges alloGaled on the portion of the asset's use. Other support Gf)sls are all¢xated based on the spread of staff costs. Charitable actlvlties Charitable expenditure comprises those costs inujrth by the tharrty in the delivery of its activiiies and services for its beneficiaries. 11 includes both costs that can b¢ allocatgd direthy to s￿h actNibes and those costs of an indlrect nature ne¢essary to support tr￿m. Support costs Support costs indudÈ ￿ntral fundions and have been allocated to activity cost cate90ri¢5 on a basis wnsist¢nt with the use of reSoUr￿s. for examp￿, alkKxting propety costs by areas. on per casxta, staff CDsts by the tirne spent and other costs by Iheir usage. Governance costs These include the (x)sts attributable to the charitys compliance wth wsb"tub(M)al and slatulory requiTemenls, including audit. strategic managem￿t al￿ trustees. meetings and reimbursed expenses. Tanglblg fixed ¥¥sets Individual fixed assets coth'ng £250.CK) or more are thiitialty recordèd ai cosL less any subsequent accumulated depreciation and subsequent accumulated impaimient loss&s. Daprèciation is provided on tangible fixed assets so as to write off the cost or valuation. less any eslimaled residual valuè, over their expected useful econornic life as follows:_ Plant 2nd machinery1200h redu¢ing bal#rt() Page 11 conlinued_..

Michael Batt Charitable Trust Notes to the Flnancial Statèm8nts - continued For The Year Ended 31 March 2023 ACCOUNTING POU¢IES- continued sto¢ks Stocks 8ro measured at cost determinÈd usin9 Ihe first in first wt methc¥l. Taxation The Tru81 is exèmpt from tax on ts charitable iviltes. Fund stru¢tur• Unrestricted Income funds are gerTreral funds Ihat gre avaijable for us¢ at the trustees, disc￿tIOn irt ￿rtherance of the objectives of the tharity- Restricled income Is used In line wth the donorfs wishès. Hlrn purchase and lea$ing commliments Rentals paid under operating leases are tharged trj thg Statement of FinancBI A(viliès on a straight bne basi¥ ovef the period of thè ￿ase. Pension schemè The Charity participates in TPT R"rement SolLrti￿S a muNi ￿￿0Yer p￿slon scheme which provides beneffts to some 950 non asSQCTated parttupating emplO￿r$. The scheme is a defined benefit scheme, it is not possib￿ for them to obtain infomation lo enable it to aGwint for th8 scheme BS a defined benefit 5theme. The accounting for 8 mulb-employer scheme ￿erE the employer has entered into an agieement wtth the scheme th dÈtÈmines how the ernployer will fund 8 defiat result in the recognition of a liability for the contribulfv)ns payal￿e that awise from the agreement (to the exient in profit or loss in accordancé with sèction 28 of FRS 102). Th& charity accounts for Ihe s(ème as a defined ojntribulion stheme. As a resulL Ihat ¢harg8d to the profit and 1gs5 account represents thÈ eontributions payable to the sthemè. Since Ihe institLÈtion has entered into an agreement that détèmines how each employer W￿"n the sceme will fund th¢ overall deficit. thè tharity recognises a liabilty for the contriixrtK)n's payable ihat arise from the agreement (to the extent that they ￿late to the deficfil and theretse an ewse is re(x)gnisaJ. The Charit￿s total lialMIty under the recovery rAan has be￿ recogrused in the a¢zounts. Debtors Trade debtors arè amounts due from customers for servtces performed ￿ the wfinary CCJTse of business. Short term dèbtors are measured at transadion pricè {vthich is usually the invoice pri￿1. less any impaim8nt losses foi bad and doubtful debts. Loans and other finar￿la1 assets are initialty recognised al tran58Ction Pri￿ including any transaction costs and SUbS￿Uentfy measure at am(Kiised cost detemiined using the effectNe interest method, less any impairment losses for bad and doubthjl d8bts. Cash and cash equlvalents Cash aThJ cash equivalents comFKiSè ￿sh on hand and call dep95tis, other short term inv8stments that are r¢adily convertitrje to a known amount of cash and are subjeLI to no change in value. Creditors Short term tteditors are measwed at tsnsadion FM"ce 13 usually the Invol￿ pricel. Loans and olher financial liabilities a￿ initialty rewgnised al cosl determined using the effeclive interest method. Borrowlngs Interest-bearing botrowings are iniiially rec￿rded at fair value. net of transaciion costs. Interest bearlng borrowings are subsequently carried at amortised cosls, wtih the difference between the prO￿e<l$, net of tr8nsaction costs, and amount due on redemption bÈing ￿nised as a tharge to the Statement Of Finan￿al Activities over the period of the rdevant borrowng. Interest •xpense is recognised on the basis of the effectyve inièrest nthod and is included in interest payable and similar charges_ Borrowings are dassified as curTent liabflities unkss the charity has an unconditional right to dèfèr settlement of the liability for at least twelve Months alter the rep)rting dale. Financlal Inslruments Classtficatson Page12 conlinued...

Michael Balt Cl7ariiabl• Trust to th• Financial Statements- continued For The Year Ended 31 March 2023 ACCOUNTING POUCIES- Continued Finanryal 8ss9ts and financial h'abiltties are recognised when the tharity becomes a paty to the contractual provisions of the instrument. Finarrial liabilth.es an¢J equty insttuments aro dassified accoriling lo the substsnG¢ of the contractual arrangements ente￿d Hrto. An equty instrument is any contrad that eVIden￿S a residual lerest in Ihe assets of the charity after deducting its liabilities. Recognition and measuiement Al finanaal assets 8nd liabilities are in￿anY mèasured at tr8nsaclion (Induding transaction ￿$ts1, Èxcept for those finar¥ial assets dassified as at fair valu• thrcmjy) pyofft or loss, whith are inth.ally measurèd at fair value (which is nomialty the Iranwtion price exduding tra￿ction costs). unless the arrangement constitutes nancing transacbon. Finanoal liabiliti6s ar• d8r•co9ni88d onW thè rttrligatkin swffied in thè cnntract is dischargèd. CAr)eÈlléd or expires. Rlghts preferences and restrfdons of the Trnst document These are set out in the Deed of Trust dated 2210811994 and were updated 10110r2013. OONATJONS AND LEGACIES 31.323 31.3.22 Donations 670 16,218 INCOME FROM CHARITABLE ACTffftES 31.3.23 31.3.22 Actiwty Restdenbal home Rgsrdenlial home Residential care home Grants 1.068,125 924 1.148,421 22,324 1.069,049 1.168,745 Grant5 reBived. induded in the above, ate as foll(Ms: 31.3.23 31.3.22 Covid Grants 924 22.324 CHARITABLE ACTIVITIES COSTS Support sts (see note S} Diie¢t Costs Totals R&sÈdÈntial homè 1.298,145 8.088 1,306,233 SUPPORT COSTS Gov6man¢8 costs Residential home 8,088 Pagtr 13 continued,.

ritabte Trust Not•s to the Financial Staterngnts- continued orThe Year End￿ 31 March 2023 AUDITORS. REMUNERATION 31.3.23 313.22 Fees p8yatl$ to th¢ tharitys a￿li10[S forlhe audit ofthe tharivs finanoal Stat￿entS 8.088 8,040 TRUSTEES, REMUNERAnON AND BEtrIEFITS There were no frustees. reMU[￿rat￿1n or other beneffits for Ihe ￿ endJ 31 FAarch 2023 nor for the year ended 31 March 2022. No trustees, nor any persons ￿me{￿l Ihem, have received any remuneration from Ihe charity during the year. As at thè bal8nce sheet date the am￿nt due to Dr Michael Batt {Chaimian) was £9.299 {2022 £10,299). Trustees. expgnsg There were no Irustees, ewses paid for the year gnded 31 March 2023 nor for thè yèar ended 31 Mareh 2022. STAFF COSTS 31.3.23 31.3.22 Wages and salaries Soaal security costs other pension costs 711.998 55.286 26,615 707.918 48,011 55,713 793,899 811,642 The average monthly number of employees during Ihe yearwas as follThvs: 31.3.23 33 31.3.22 AdministratKn No ernpltyeès receNed emoluments in excess of £￿.CO0. COMPAFiATIVES FOR THE STATEMENT OF FINANCIAL ACllVrnES UnrÈstricted fund Restricted fvnd Total fuftds INCOME AND ENDOWMENTS FROM Dollations and legaaes 6.218 10.OCMJ 16.218 Charitable activities Residential homè 1.168.745 1,168,745 Total 1.174.3 1D.000 1,184,963 EXPENDITURE ON Charitable activities Residential home 1,224.574 1.224.574 NET INCOMEIIEXPENDITUREI 149.611) 10,Th)0 139,6111 RECONCILIATION OF FUNDS Total funds iwought lorward (40,6311 (4D.631) Page 14 continued...

. ha￿ Batt Charitab Tntst Notes to the Financial Statements - continued or Thè Yèar Endèd 31 Ikreh 2023 COMPARATIVES FOR ThE STATEMEKf OF FINANCIAL ACTIVITIES - contlnu•d Unrastricted fund R8strteted fund Tot81 funds TOTAL FUNDS CARRIED FORWARD 190,242) 10,000 180,242) 10. TANGIBLE FIXED ASSETS Plant and rn￿h1nery COST At 1 April 2022 Additions Impaimients 237.060 307 132,8941 At 31 March 2D23 204A73 DEPRECIATION At 1 April 2022 and 31 Marth 2(Y23 204,473 NET BOOK VALUE At 31 March 2023 At 31 March 2￿22 32,587 STOCKS 31.3.23 31.3_22 Stocks 12. DEBTORS.. AMOUNTS FALUNG DUE WITHIN ONE YEAR 31.3.23 31.3.22 Trade debtors Prèpaymènts ar￿ #¢¢rued income Prepayments 4,137 12,369 28,692 5.626 3,881 26,604 45,198 36.111 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.23 31.3,22 Trade Gi8ditoTS Taxation And soaal security Other credrtDrs 144.644 76.381 89.291 50 099 13,9&1 41,576 280,316 105.629 Page15 ontinuéd..

Michael Batt Charitable Trust Notss to the Flnanclal Statements- continuèd For The Year Endgd 31 ljlarch 2023 14. LEASING AGREEMENTS Minimum lea￿ payTnents under no￿a￿elIable operaling leases f811 du¢ as follows: 31.3.23 31.3.22 Within one year Between oné and ffiv¢ years In more than five years 30.533 36.067 30.$33 16.139 25,[￿0 66.600 71.672 15. PROVISIONS FOR UABILITtES 31.3.23 31.3.22 Provi&(ms 100.000 114,000 The chartty has awounted for the defvi on Ihe penS￿n scheme through IhÈ StatÈmènt of Financial Activities under the provisions of paragraphs 28.13 and 28.13A of FRS 102. TPT R8tirernent Solutions report at 31 Marth 2IY23 IT￿Icated that the fairvalue of ass￿8 8ttrtbut8blè to the Trust at 31 March 2023 lotal £458.000 {31 Marth 2022 £608,[￿). The present value of defingd benefit obligations attributable to the Tru51 at 31 March 2(Y23 totals £558,(K(J (31 Marth 2022 £722,000). The total deficit in plan at 31 March 2D23 is thereforn £1C(),￿OI3l Marth 2022 £114.CO)I. Key assumptions in the valuation.. thscount rate 4.92% Inflation IRPII 3.19% Inflation ICPII 2.56% Salary grosth 3.56V. Curreol lrfe expedancy on retirement at age 65 adopted 31 March 2023: Male retiring 2023 lyearsl 21.Q FÈmal8 retiring 2023 (years) 23.4 Male retiring 2043 lyearsl 22.2 Femal8 retiring 2043 lyéarsl 24.9 A full actuarial valuation for the sceme Was carried out at 30 September 2￿2. 16. MOVEMENT IN FUNDS Net movemenl in funds At 31.3.23 At 1.4.22 Unrstriet•d funds Genèral furKJ (90,242) 1236,5141 1326.756} Restrfcted funds Resident donations 10.fy)O 10.000 TOTAL FUNDS 18Q.242) 1236.514} 1316,756) Page 16 tx)ntinu8d...

Miehaèl Batt Charltabl T Notes to the Financial Statements- continued or Thè Yèar Endèd 31 March 2023 18. MOVEMENT IN FUNDS - continued Net Move￿￿1 in fvnds, included Mi the above are as foll¢M". Incoming Resources Movement In funds Unrestricted funds General furld 1.069.719 11.306.233) 1236.S14) TOTAL FUNDS 1,069.719 11.306,2331 1236.514) Comparatives for movement in funds Nel ovement I funds Al 31.3.22 At 1.4.21 Unrestrfcted funds General fvnd 140,631) {49,6111 {90,242) Restrlcted funds Res(knt donations 10.oc 10.000 TOTAL FUNDS (40,631) {39.6111 180,242) Comp8rativè net movernenl in lunds, induded in the above are a5 foll¢y•VS: Incomin9 resources Resources expended Movérnènt in funds Unrestricted funds General fund 1.174.￿3 11.224,5741 149,611) Restricted funds Re&dent donations 10,LUI 10,LX)O TOTAL FUNDS 1.184.￿3 11.224,5741 139.8111 A ojrrent year 12 months and prior year 12 months combined posibon is fc41gWS'. N&t movement in fvnds At 1.4.21 31.3.23 Unrestricted funds General fund {40,631) (286.125) 1326.7561 R8strict8d funds Rèsidènt donations io,c 10.000 TOTAL FUNDS {40.631) (276,1251 1316,756) Page17 Continued...

Michael Battcharltable Notes to the Financial Slatem•nts- Gontinued For Tho Year Ended 31 March 2023 MOVEMEPU IN FUNDS - contlnued A current year 12 months and priN yew 12 months coMbin￿j net movement in fvnds. includèd in the above are as follows.. Incomir resources Resources 8xpended Movement funds Unrestricted funds General fund 2.244.682 t2.$30,807) (286,1251 Restrlcted funds Resident donations 10.ODO 10.0 TOTAL FUNDS 2,254.682 (2.530,807) 1276,1251 17. RELATED PARTY DISCLOSURES A Forrestsr (trustee Mr A D Forrester is as8cKied Alan Forrester & Co. Ltd, Aca)unlants. In ￿c￿dance with the frust Deed his fimi carges for accountancy, payToII and bookkèÈping services. thJriThJ the year Ihe arnounl paid by the Trust to the firm wa5 £37.4(KS indudiTrJ VAT12022 £37.164). At the year end £5.90312022 £2,961) was vwed to the fim. Dr M J L Batt Itrust••l The propety knovvn a$ Rushymead is cfyyned by Rushymead Ltd. a company cortrolled by the Iruslee. Dr Michael 8att. The trust enjoys a fifteen year 1è8se. at an annual rent of £25.IXK) per allnutn, which is about half the mathet rate. During the ￿ar rent of £25,OCQ was paid 12022 £25.000). At thè year end £25.599 12022 £5,849) was owed to Rushymead Ltd. 18. POST BALANCE SHE￿ EVENTS In 2024 the charity and EK)me was thsed down Mth signffiGanl debL A donalion of £820,000 was r￿Ned from Rushymead Limited for the purpose of settlirvJ &1 debt. staffing and dosure crjsts. Managgm¢nt have ConfiM￿d all outstanding debt have been setued in full. Page 18