Charity number: 1051043 BETHESDA EVENTIDE HOMES TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024 7 August 2025
BETHESOA EVENTIDE HOMES CONTENTS Page Reference and Admlnlstratlve Detalls of the Charlty, Its Trustees and Advlsers Trustees. Report Independent Auditor's Report on the Financial Statements Statement of Financlal Activities 8-11 12 Balance Sheet 13 Statsment of Cash Flows 14 NotÈs to thè Financial Statements 15-29
BETHESDA EVENTIDE HOMES REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRLISTEES AND ADVISERS FOR THE PERIOD ENDED 31 DECEMBER 2024 Trustees Mrs Karen Fairweather. Chalrperson Mrs Melani8 Armstrong, Secretary Mr Paul Gooderham, Treasurer Mr Andrew Wright Mrs Christine Jaye Mr Terry Mann Mis Janet Gunnar Charity reglstéred number 1051043 Principal office 59a Henley Road Ipswich Suffolk IP13SN Independont auditor Sum8r Auditco Limited Chartered Accountants Filzroy House Crown Street Ipswich Suffolk IP13LG Bankars Barclays Bank PIC Princes Street Ipswich Suffolk IP11PB Page 1
BETHESDA EVENTIDE HOMES TRUSTEES. REPORT FOR THE PERIOD ENDED 31 DECEMBER 2024 The Trustees present their report and the financial statements for the year ended 31 December 2024. The financial ststements have begn prepared in accordance with the accounting policies specified in the Charitys trust deed, the Charities Acl 2011 and the Statement of Recomrnended Praclice: Accounting and Reportlng by Charities (FRS 102) 2015. ObJe¢tlves and 8Ctlvltles Legal and Admlnlstratlve Informatlon B8thesda Eventide Homes, Ipswlch is a trust created by a deed dated 25 October 1995. Th8 Trustees set out below h61d offlce durlng tha financlal year and to the date of thls report unles5 Otherwlse staled:. Mrs Karen Falrweather Mrs Melanie Armslrong Mr Paul Gooderham Mr Andrew Wright Mrs Christine Jaye Mr Terry Mann Mr8 Janet Gunner Chairperson Secretary Treasurer At the end of the financial year {31 December 20241 there were seven Trustees. The mission of the Homes is an extension of the Care minislry of th8 Bèthesda Baptlst Church, Ipswich but there is no direct organisational or financial relaiionship between the two charities, except that by tradition all trustees have been members of the Church. Object Bethasda Eventid8 Hom&s (the "Hornes. or the "Charity,) provides high quality residential care to the elderly in an environm8nt where individuals are encouraged to retain their own identities and the lifestyle of their choice according lo thelr physlcal and mental capabilities. The activlt188 of the Homes are carrled out at the address of the Hom8S. Our obJ6ctlv88 are th8 r611èf of the elderly by providing and malntslnlng a residential or convalescent care wlthln an environment to ben&fit those eldérly Chrislian persons who are in necessitous circumstances. Organisation The Trustees have a collectlve responsibility for all of the Charlty's assets, residents, staff and to satisfy the requirements of the Trust Deed. The Trustees maintain an active responsibility for the secretsrial and financial management of the Homes and oversee the social and maintenance activities, and th6 recruitment of Management staff. During the year Trustees and thrée sanlor members of staff have met formally on a regular basis to review and address financial and operalional matters. The Charlty Is a member of the Suffolk Care Assoclation (SCAI and Communlty Action Suffolk. Contact with the Care Quality Commission (CQC) and Suffolk County Council Adult Community Services is maintained where assistance and advice can be sought by the Manager and Trustees if needed. Page 2
BETHESDA EVENTIDE HOMES TRUSTEES. REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 Objectives and activitiès (continued) Publlc benefit The Trustees have complied with the duly in Section 17 of the Charities Act 2011 to have due regard to public beneflt gu5danc8 Issued by the Commisslon. Staff The Management Structure is under constant review to keep up with Ihe changing requirements of the Home and tts resld8nts constantly changlng ne8ds. Senior Staff as at 31 December 2024 Homes Manager Bu51ness Manager Deputy Manager Mr T Horrex Mrs K Bannister Mrs C Cates Care Administrator Mrs A Youngman Senior Team Leaders Mrs D Gladding Marlola Boratyn Samantha Bird Sally Kelleher Carley Barton Milan Smith Patricia Range On average during the year 72 staff, many of them part timè workers, were ernployed at any one time. The staff requirement at a particular time Is dependent on th8 overall care needs of our residents but the effect of a stable workforce is very much to the residents benefit in ensuring a continuity of care and good relationship beeen the staff and residents. Staff training is a vitally important aspect in providing good care and with the intake of resldents Ilving with dernentia. a considerable amount of speclal trainlng contlnues to be provided to staff. At the end of thè financial year 600kn of our care staff were qualified lo NVQIQCF Level 2 or above, all new care staff complete th6 Care Certificate. Staff related Gosts accounted for approxlmately 78Q/o of expenditure. Pay pollcy for senior staff (Key rnanagement personnel) Thi5 15 reviewed annually with reference to appropriate indices. The annual appraisal system for senior managemenl includes performance objectives that are utilised in pay r6VieWS. P8ge 3
BETHESDA EVENTIDE HOMES. TRUSTEES. REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 Objectivos and activlties (contlnuod) Volunt88rs All frustees have specific responsibilities and duties relating to the operation of the Homes. which are carried out on a volunlary basis. Trustees are usually recruited and appolnted from the fellowship at Bethesda Baptist Church and ar8 r8crui18d according to their skill set. There should be at least three Trustees and all new Trustees are appointed by a resolution of the Trustees carried by 75°k votes following a Special M&eting of Trustees. Newly appolnted Trustees are subject to an induction process. which includes spending time with the Managers, so they are aware of the operational policies and procedures adopted within the Homes. They are also advised of Iheir responsibilities under the Trust Deed in respect of the financial and organisational responsibilities. New Trustees receive a copy of the Trust Deed and latest Annual Report and have access to other Trust88s for guidance and advice. There are many people who are not Trustees, partlcularly from Belhesda Baptist Church, Ipswich and other local churches, who regularly contribute to social and spiritual activities on a voluntary basis. The substantial number of hours given by these people continues to have a significant beneficial impact on the Homes financial situation. All volunteers Involved with the Homes residents. are the subl8Ct of an enhanced level Dlsclosure and Barring SeNice disclosure. Volunteers are known to the Managers and wher8 necessary will be briefed by thefft regarding their role and its impact on the Homes generally. Achl•voments and porft>rman¢e Resldents During the year 11 residents passed away. The F4omes are registered to provide care for up to 27 resSdentS 8nd at the end of the year there were no unoccupied homes and there was a total of 26 residents. One Home is designated as a double but at the year end the room was occupied by a single residenl. The Hom8s continue to welcome residents requiring specialist care induding providing increasing support for individuals living with demanti8. A programme of social events is or9anised by the staff. As a Christian Charity, the residents, spiritual care is considered of vital importanc8 and regular devotional times and Holy Communion were organised throughout the year. The Truslees and other members of Bethesda Baptist Church, Ipswich and other local churches, provides splrltual support to Indlvldual rèsldents. The care of our residents continues to be the priority and everything possible is done to provide them with everythlng they need day by day. A close relatlonshlp exlsts belween Ihe Homes. staff and residents, families and next of kin to aid this objective. Bulldlng malntenanco During the year routine repairs, renewals and decoralions w8rè carried out to maintaln the standard of the Homes with many homes being decorated and new f]ooring laid. Items that were capitalised amounted to £114k and included the purchase of a replacemanl mobility adapted vehicle, the replacement of the outdated Nursecall system to take advantage of new technologies and efficiency improvements, a glass covered pergola for the terrace to enable residents to sit outsida more often and repairs and upgrades to Ihe pathways in the garden following the pergola works, including some additional raised beds. Additionally new carpeting through various individual Homes and common areas was installed and the underfloor heating in the extension required repair and replacement. Page 4
BETHESDA EVENTIDE HOMES TRUSTEES. REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 Flnancial review Review of the year The Homes completed the year with a surplus of £97,906. Due to inflation forecasts of over 100/0 and increasingly higher costs. care fees were increased by 100k in April 2024. Employees were awarded a 100/0 pay increase in April 2024 to ensure that we were above the National Living wage of £11.44 which increased in April while still maintaining the differentials be88n the various pay grades. Capital expenditure reeched a total of £114,089. and included a new mobility vehicle costing £13.1k to replace the previous vehicle that had been gifted to the Homes, a new Nursecall system al £28.1k, tha completion of the pergola at £27.5k, pathway5 and raised beds at £9.8k. the replacem8nt of the underfioor heating costing £6.5k and various changes to carpeting throughout the Homes at £15.7k. Golng concern The Trustees have considered the financial position of th8 Charity and wilh th8 residents and staff all b8n&fitting from vaccines and boosters, it has enjoyed a long period without any serlous impact from COVID-19 and other similar illnesses and expecls thls to continue. The Trustees are confident that the Charity remains vlable as a going concern. Our going conc8rn ass8ssm8nt Is further described in the Notes to Ihe Accounts. Reserves pollcy At the end ofthe year the total amount of funds held amounted to £1,719.949. This comprised oftangible fixed assets, free reserve funds, designated funds and restricted funds. A18vel of reserves is ben@fiGial in order to fund any futurè capital expenditure. to cover planned repairs and renewals and to give the Charity resilience against unexpected adverse events. The Trustees aim to relain a Free Reserve fund of 4 months expendilure and as at 31 December 2024, the Free Funds amounled to £420,023 which represented 3.0 months expenditure. The amount of designated funds amounted to £79,458. These funds are used for short to medium temi expendlture and each year consld8ration is given by the Trustees to adding to these funds. This reserve should be maintained to cover unforeseen emergency expenditure. The balance of the Charlty's funds is the total value of fixed asset8 which amounted to £1,221,357. Investment policy The Charity takes a low-risk approach lo invesiment, preferring to maintain greater security of funds, where matching ils cash needs are more important than generating profit. Plans for the future The Charity aims to conlinue to op8rat8 the Homes, maintaining and improving the faciliti8s whilst being aware of Ihe ever-increasing living costs. Page 5
BETHESDA EVENTIDE HOMES TRUSTEES. REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 Information on fundraising praeticés The Charity do@s not und8rtaka fundraising activiti8s. Additionally.. The Charity does not have any third-party fundraisers aGtlng on sts behalf. It is not bound by any voluntary scheme or standard for regulating fundraising. It has not r&ceived any complaints about its fundraising aclivily over the last year. Th8 Charlty has a complaints procedure and would revlew and learn from any complalnts Sf they were received. Risk assessment Th& Trustees continue to monitor the factors which can have a serious detrimental effect on the future viability of the Charity. The Care Act 2014 continues to have a significant impact cn the provision of all Health and Social Care and the Truslees will be closely monitoring any future developments whlch may Impact on the future viability of th6 Homes. It has been the Charily's experience that the average age at which people are taking up residency continues lo Increase along with the health complications that accompany advancing y@ars. The pressure on staff resourcas continues to rise along with the cost of funding the care required. Income from residents who qualify for social funding from Suffolk County Council continues to be unrealistically low, despite continuing representations to Suffolk County Councll. Thls Is why the Charlty Is no longer able to lake councll funded residents without a thlrd party top up to full fees. As a Christian Charity we beli8Vè W8 should providè care for all in need and not just ihose who have Ihe financlal means to pay th6 normal f&8 rates, however new residents upon acceptance inlo the Homes are now advised that should council funding be required they will be required to have a third party top up in place in order to continue to pay the care fees in full. This is now required to ensure that the total care fee income remains at a level which enables us to remain financlally viable. During 2022, the Home undertook a complele review of the cat6gories of care in light of the increasing differences in the level of care required for residents who live with dementia, as opposed to those who do not. Full account has been taken of the physlcal support needs and as a result the Homes now have slx categories of care, three for residential care and three for dementia care residence, during 2024 these new categorles were working well and represented a truer refleclion of the cost of providing such care. Transactlons wlth related partles There were no transactions with r8lat8d parti6s in the year.12023: £Nil) Page 6
BETHESDA EVENTIDE HOMES TRUSTEES. REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 statement of Trustees. responsibllltles The Trustees are responsible for preparing the Trustees, Report and th& financial stalements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom GenerallyAccepted Accounting Practice). The law appliGable to charities in England & Wales requires the Trust&es to prepare financial statements for each financial year which give a true 8nd fair view of the state of affairs of the Charily and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to: select suilable accounting policies and then apply them consistently. observe the methods and principles of the Charities SORP (FRS 102)., make judgm8nts and accounting estimates that are reasonable and prudent: state whether applicable UK Accounting Standards {FRS 102) have been followed, subject to any materlal departures disclosed and explalned In the financlal statements; prepare the financial statements on the going concern basis unless 5t is Snappropriate to presume that the Charity will conlinue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain Ihe Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and ènabl8 them lo ensure that the financlal statement5 comply wlth the Charllles Act 2011, the Charity (Accounts and Réports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding tho assels of the Charity and hence for taking re8sonable steps for the prevention and detection of fraud and other Irregularlties. Disclosura of informatlon to auditor Each of the persons who are Trustees at the tlme when thls Trustees, Report Is approved has confimied that: so far as that Trustee Is aware, there is no relevant audit information of which the charlvs audltor Is unaware, and that Trustee has taken all the steps that ought to hav6 beèn taken as a Trustee In order to be aware of any Felevant audil information and to eslablish that the charity's auditor is aware of that infomiation. Audltor The auditor, Sumer Auditco Limited, has indicated his wlllingness to continue in office. The designated Trustees wlll propose a motion reappointing the auditor at a meeting of the Trustees. Approved by order of the members of th8 board of Trustees on 21 July 2025 and signed on their behalf by: Mrs Karen FairNeather Page 7
BETHESDA EVENTIDE HOMES INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS OF BETHESDA EVENTIDE HOMES Oplnion We have audited the financial statements of Beth8sd8 Eventide Homes (the 'Charit} for the year ended 31 December 2024 which comprise the Statement of Financial Activities, th8 Balance Sheet, the Statement of Cash Flows and the related notes, 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 Klngdom Generally Accepted Accountlng Practice). The financial statements have been prepared in acwrdance wilh Accounting and Reportlng by Charlties preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102) in pr8ference to the Accounling and Reporting by Charitles: Stat&ment of Recommended Praotice issued on 1 April 2005 which is referred to in the extant regulations but has been wbthdrawn. This has been done in order for the account8 to provide a true and fair view in accordance with the Generally Accepted Accounting Practlce effective for reporting p8riods beglnning on or after 1 January 2015. n our opinion the financial statements.. give a true and fair view of the stste of the charity's affairs as al 31 December 2024 and of ils incoming resources and application of resources for the year then ended: have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice. and have b@en prepared Sn accordance wlth the requiremenis of the Charilles Acl 2011. Basis for oplnlon We conducted our audit in accordance wilh International Standards on Auditing (UK) (ISAS (UKI) and applicable law. Our responslbllStles under those standard5 are further descrlbed in the Audltorfs responsibi1Stles for the audit of the financSal statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in Ihe United Kingdom. including the Flnanclal Rèportlng Councll's Ethlcal Standard, and we have fulfilled our other ethlcal responsibilities In accordan with these requirements. We belleve that the audlt evidencè we have obtained is sufficient and 8ppropriate to provide a basis for our opinion. Concluslons relating to golng conc•rn In auditing th8 financial statements. we have concluded that the Twstees, use of th8 going concern basis of accounting in the preparation of Ihe financial ststements is appropriate. Based on the work we have performed. we have not identified any material uncertainties relating lo events or conditions that, individually or collectively, may cast significant doubt on the charitls ability to continue as a going concem for a period of at18asl twelve months from when the financial statements are aulhorised for issue. Our responsibilities and the responsibilities of the Trustees with respecl to going Conceffl are described in Ihe relevant sections of this report. Page 8
BETHESDA EVENTIDE HOMES INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BETHESDA EVENTIDE HOMES (CONTINUED) Other information The other information comprises the information included in the Annual Report other than the financial statements and our Auditor's Report thereon. The Trustees are responsible for the other information contained within the Annual ReporL Our opinion on the financial statements does not cover the other information and. except to the extent othemise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility Is to read the other information and. in doing so, consider whether the other information is materially inconsistent with the financial stat8ments 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 mat&rial misstatements. we are required to determine whether thls gives rise to a material misstatement in the financial slalements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of Ihis other information, we are required to report that fact. We have nothing lo report in this regard. Matters on which we are required to report by axceptlon We have nothlng to report In respect of th9 following matters wh6re the Charitles (Accounls and Reports) Regulatlons 2008 requlres us to report to you if, in our opinion: the information given in the Trustees, Report is Inconsistent in any material respecl with the ftnanclal statements: or sufficient accounting records have not been kept; or the financial statements are not Sn agreement with the accounting records and returns; or we have not receivecl all the information and explanalions we require for our audiL Responsibillties of trustees As explained more fulSy in the Trustees, Responsibilitl8s Stalement, the Trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the Truslees determlne Is necessary to enable the preparation of flnanclal statements that are free from material misstatement, whsther due to fraud or error. In preparfng the financial statements, the Trustees gre responsible for assesslng the charivs ablllty to continue as a going concern, disclosing. as applicable. matters related to going concern and using the going concern basis of accounting unless the Trustees elther Intend to Ilquidate the charity or to cease operations, or have no realistic alternativ& but to do so. Page 9
BETHESDA EVENTIDE HOMES INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BETHESDA EVENTIDE HOMES (CONTINUED) Auditor's responsibilities for the audlt of Iho flnancial statements We have been appointed as auditor under s8Ction 144 of the Charities Act 2011 and report in accordance wlth the Act and relevant regulations made or having effect thereund8r, Our objectives are to obtain re8sonable assurance about whether the financial statements as a whole are free from material mi5Statement, whether due to fraud or error, and to issue an Auditovs Report that includes our oplnion. Reasonable assurance is a high l&vel of assurancè, but is nol a guarantee that an audlt con(lucted 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 statements. Irregularities, including fraud. ar8 Instances of non-cornpliance wlth laws and regulatlons. We design procedur&s In line with our responsibilities, outllned above, to detecl material misstatements in respecl of irregularities, Including fraud. The extent to which our proce(lures are capable of detecting Irregularftles, Including fraud is detailed below: We identified areas of laws and regulations that could reasonably b8 expected to have a materlal effect on th8 financial stalements from our general charitable organisation experience and through discussions and enquiries of Trustees and managemènt. Durlng the engagement team brlefing, th9 Outcomes of Ih8se discusslons were shared with the team, as well as conslderatlon as to where and how fraud may occur In the Charity. The following laws and regulatlons were IdentlfEed as being of signlflcance to the Charlty, Those law and regulations considered to have a direct effect on the financial stalements Including UK financial reporting standards. taxation regulations and the Charities Act 2011. The Charfty is subject to many other laws and regulations where the consequences of non-compllance could have a material effgct on amounts or disclosures in the financial statements, for instance Ihrough the imposition of fines or litigation. We identffied the following areas as those most likely to have such an effect., meeting requirernents implemenled by the Care Quality Commlsslon (CQC), health and safety, human rights and employment law, food safety and GDPR compliance. Audit procedures undertaken in response to the potentlal rjsks re181ing to irrégularities (which include fraud and non-complianc8 with laws and regulations) comprised of.. enquiries of management and those charg8d with governance as to whether the Charity complies with such regulations,. enquiries of manag8m8nt and those charged with govemance conceming any actual or potential litigation or claims, inspection of relavant legal documentation, review of board minutes, testing the appropriateness of entries in the nominal ledger. including Joumal entries and the perfomiance of analytlcal procedures to identify any unexpected movements in account balances which may be indicative of fraud. There are inherent limitations in the audit procedures descrlbed above and the further removed non-compliance with laws and regulalions Ss from Ihe events and transactions reflected in the financi81 statements, the less likely we would beGome aware of it. Irregularities that result from fraud might be inherently more difficull to detecl than irregularities that result from error. As explained above, there is an unavoidable risk that material misstatements may not be detected, even though the audit has been planned and performed in accordance with ISAS (UK). A further descrlption of our responsibilities for the audlt of the financial ststements is located on the Financial Reporting Council's website at: www.frc.or .uklauditorsres onsibilities. This description forms part of our Auditorfs Report. Page10
BETHESDA EVENTIDE HOMES INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BETHESDAEVENTIDE HOMES (CONTINUED) Use of our report This report is made solely to the charity's trustees, as a body, in accordance with Part 4 01 the Charities (Accounts and Reports) Regulatlons 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to slate lo them in an Auditorfs Report and for no other purpose. To the fullesl extent permitted by law, we do not accepl or assume responsibility to anyone other than the charity and Its trustees. as a body, for our sudtt work, for this report, or for the opinions we have formed. Sumer Audltco Limited Statutory Auditor Fi12roy House Crown Street Ipswich Suffolk IP13LG Dale: 7 August 2025 Sumer Audltco Llmlted are eligible to act as auditors In terms of $8ctlon 1212 of th& Companies Act 2006. Page11
BETHESDA EVENTIDE HOMES STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31 DECEMBER 2024 Unrestrlcted funds 2024 Total funds 2024 Total funds 2023 Note Income from: Charltable activbtles Investrnents 1,757.996 6,255 1,757,996 6.255 1.561,566 3.870 Total Income 1,764.251 1,764,2SI 1,565,436 Exponditura on: Charitable activities 1,666,345 1,666,345 1.454.808 Total expenditure 1,666,345 1.666.345 1,454.808 Net movement in funds 97,906 97,906 110.628 Ro¢onciliation of funds: Total funds brought forward Net movement in funds 1,622,043 97,906 1,622,043 97,906 1.511.415 110.628 Total funds carrled forward 1,719,949 1,719,949 1,622,043 The Ststemenl of Financlal Activities includes all gains and losses recognised in the year. The notes on pages 15 to 29 form part of these financial slatements. Page 12
BETHESDA EVENTIDE HOMES BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Note Fixed assets Tangible assets 10 1,221,357 1,167,250 1.221.357 1.167,250 Current assets Stocks Debtors Investments Cash at bank and in hand 11 12 13 620 620 27,438 90,324 481.711 26,960 87,044 403,134 600,093 517,758 Creditors: amounts falling due within onè year 14 (101,501) {62,965) Net currenl assets 498,592 454,793 Total assets less current Ilabllltles 1,719,949 1,622.043 Net assets excludlng penslon asset 1,719,949 1.622.043 Total net assets 1,719,949 1,622.043 Charlty funds Restricted funds Unrestricled funds 15 15 1,719,949 1.622,043 Total funds 1,719,949 1,622,043 The financial statements were approved and authorisèd for issue by the Truslees on 21 July 2025 and signed on their behalf by: Mrs Melanie Annstrong Mr Paul Gooderham The notes on pages 15 to 29 fomi part of these financial Statements. Page 13
BETHESDA EVENTIDE HOMES STATEMENT OF CASH FLOWS FOR THE PERIOD ENDED 31 DECEMBER 2024 2024 2023 Cash flows from operating activitie5 Net cash used in operaling activities 190,647 148,652 Cash flows from invastlng actlvltSes Purchasa of tangible fixed assets Movement in cash investments Interest received (114,089) (111,425) (4,236) (24,357) 6,255 3,870 Net cash used In Investing activitles (112,070) (131,912) Change in Cash and cash equivalents in the year 78,577 16,740 Change In cash and cash equlvalents In the yèar Cash and cash equivalents at the beginning of the year 78,577 403,134 16,740 386,394 Cash and cash equlvalents at thg end of the year 481,71 1 403,134 The not8s on pages 15 to 29 fomi part of these financlal statements Page 14
BETHESDA EVENTIDE HOMES NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024 Accountlng polloles 1.1 Basls of preparation of flnanclal statements The financial statemenis have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charlt16s: Statèmènt of Recommended Practice applicable to charittes preparing thelr accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 2019). the Financial Reporting Standard 8ppIic8ble in the UK and Republic of Irelané (FRS 102) and the Charities Act 2011. The financial ststements have been prepared to give 8 'true and fairf view and have d&parted from the Chaflties (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fairf view. This departure has involved following Ihe Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Ststement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. Bethesda Eventlde Homes meets the definltlon of a publlc benefit entlty under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otheiSe stated in the relevant accounting policy. The Chariws funclional and presentalional currency is GBP 1.2 Golng concern After making appropriate enquiries and based upon the level of assets within the Charily, the Trustees have a reasonable expectation that Ihe Charity has adequate resources to meet its liabilities as Ihey fall due and continue in operational existence for the foreseeable fulure, being a period of at least 12 months from the date of approval of these financi818tat8ments. For thls reason, th8 Trustaes continue to adopt the going conrn basls in preparing the financial statements. Page 15
BETHESDA EVENTIDE HOMES NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024 Accountlng pollcles {contlnued) 1.3 Income All Income Is recognised once the Charily has entitlement to the income, It Is probable that the income will be received and the amount of incorne receivable can be measured reliably. The recognition of income from legacies is dependent on establishing entitlement, the probabllity of receipt and the ability to estimate with sufficient accuracy the amount recelvable. Evidence of entitlement to a legacy exists when the Charity has sufficlent evidence that a gift has been left to them (Ihrough knowledge of Ihe existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required lo satisfy claims in the estate. Receipt of a legaGy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Charity, can be reliably measured. Grants are Included in the Statement of Flnancial Activities on a r8c8ivable basis. The balance of income received for specific purposes but nol expended during the period is shown in the relevant funds on th& Ba5ance She6t. Where Incom8 Is received in advance of entitlement of receipl, its recognition is deferred and included in creditors as deferred income. Where entitl&ment occurs before income is received, the incorre is accrued. Gifts in kind donated for distribution are included at valuation and recognised as income when Ihey are distribut8d to the projects. Gifts donated for rèsale are included as income when they are sold. Income tax recoverable in relation to donations recelved under Gift Ald or deeds of covenant is racognlsed at the tlme of the donallon. Income tax recoverable In relation to Investment income is recognised at the time the investment Incom8 Is recelvable. 1.4 Expendlture Expendlture Is recognlsed once there Is a legal or constructive obligation to transfer economic benefit to a third party. it is probable that a transfer of economi¢ benefits will be required in settlemènt and the amount of the obligation can be measured reliably. Expenditure is classified by 8Ctivity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking gach activity. Direcl costs attrlbutsb18 to a single activity are allocated dlrectly to that activity. Shared Costs which conlribule to more than one activity and support costs which are not altribulable to a single activity are apportioned beeen those activities on a basis Consistent with the use of resources. Central staff costs are allocated on the basts of tlme spent. and depreclation ch8rges allocated on the portion of the asset's use. Expenditure on charitable activities is incurred on directly undertaking the activities which further the charItS objectives, as well as any associated support ¢ost5. All expenditure is inclusive of irrecoverabl8 VAT. Page 16
BETHESDA EVENTIDE HOMES NOTES TO THE FINANCIAL STATEMENTS FOR TF4E PERIOD ENDED 31 DECEMBER 2024 Accountlng pollcles (contlnued) 1.5 Taxatlon Th8 Charity is considered to pass the t88ts s6t out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains recelved wlthln categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Sectlon 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. 1.6 Tangible fixed assets and depreciation Tangible fixed 8ssets costing £1,000 or morè 8r8 capitali88d and recognised when future economic benefits are probable and the cost or value of the asset Gan be measured reliably. Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed sssets are rneasured at Cost less accumulated depreciation and any accumulated impairment losses. All costs Incurred to bring 8 tanglble fixed asset Into Its Intended worklng condltlon should be Included in the measurement of cost. Depreciation is charged so as to allocale the cost of tsngible fixed a8S8ts less their residual value over thelr estlmated useful lives, using the straight-line method. Depreciation is provided on the followlng bases: Fr68hold property Property Improvements Motor vehicles Furnlture and fittings Equipment 1Y. 20D/o 10¥0 20Vo 1.7 Investments Fixed asset investments ar8 a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value al the Bal8nc& Sheet date, unless Éhé value cannot be measured reliab5y in which case it is measured at cost less impairrnent. Investm8nt gains and losses, whether reallsed or unrealised. are combined and presented as 'Gainsl(Losses) on investments, in the Statement of Financial Activities. 1.8 stocks Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving slocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. 1.9 Debtors Trade and olher debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid nel of any trade discounts due. Page 17
BETHESDA EVENTIDE HOMES NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024 AGcountlng pollcles (contlnued} 1.10 Cash at bank and in hand Cash at bank and In hand includes cash and short-temi hlghly liquid inv8Stments with a short maturity of Ihree months or less from Ihe date of acquisition or opening of the deposit or similar account. 1.11 Llabllltles and provlslons Liabilities are recognised when there is an obllgalion at the Balance Sheet date 8s a r&sult of a past evenl, it is probable that a transfer of economic benefit will be required in settlement, and the 8mount of the settlement can be estimated reliably. Li8bilities a cogniSed at the amount thal the Charlty anticlpates it will pay lo settle th6 debt or the amount it has received as advanced payments for the goods or services It must provide. 1.12 Financial Instruments The Charity only has financial assets and financlal Ilabilities of a kind that qualify as baslc financlal instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement valuè. 1.13 Operating leases Rentals paid under operating leases are charged to th8 Statement of Flnanclal Activities on a straight-line basis over the lease tarm. 1.14 Penslons Th8 Charlty operat9s a daflned contribution pension scheme and the penslon charge represents the amounts payable by the Charity to thè fund in respect of the year. 1.15 Fund accounting General funds are unrestricted funds which ar8 available for use at the discrelion of the Trustees In furtherance of the general objectives of the Charity and which have not been deslgnated for other purposes. Designated funds comprise unrestricted funds that have been sel aside by the Trustees for particular purposes. The aim and use of each designated fund is set out 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 havé been raised by the Charity for particular purposes. The c05ls of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is s&t out in lh& notes to thg financial statements. Inveslment Income. galns and losses are allocated to the appropriate fvnd. Page 18
BETHESDA EVENTIDE HOMES NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024 Critical accounling estlmates and areas of judgment Estimates and judgments are contlnually eva5uated and ar8 based on historfcal experfence and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Critical accounting estimates and judgements.. The Charity makes estimates 8nd judgements concerning the future. The SultIng accounting esllmates and judgements will. by definition, seldom equal the related aclual results. The estimates and judgements that have a slgnSficant risk of causlng a materlal adjustment to the Cang amounts of assets and liabilities within Ihe next financial year are discussed below. Crltlcal areas of judgment.. Valuation of property. The freehold propety is valued at historical cost rather than valuation. This is on the basis that it is held for long term use as part of the busin8SS. Income from charilable actlvltleg Unrestrlcted funds 2024 Totsl funds 2024 Income from charitable activities - Residential care fees Income from charitable activities - Other Income 1,732,683 25,313 1,732,683 25,313 Total 2024 1,757,996 1,757,996 Unrestricled funds 2023 Total funds 2023 Income from charitable activities - Residential care fees Income from charilable activilies - Other Income 1.538,679 22,887 1,538.679 22.887 Tolal 2023 1,561,566 1,561,566 Page 19
BETHESDA EVENTIDE HOMES. NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024 Investment income Unrestrlcted funds 2024 Total funds 2024 Inv8Stm8nt income - Deposit Account 6.255 6,255 Unrestricted funds 2023 Totsl funds 2023 Investment income - Deposil Account 3.870 3,870 Analy618 of expendlture on charltsble actlvltles Summary by fund type Unrestricted fund5 2024 Total 2024 Direct costs 1,666,345 1,666,345 Unrestricled funds 2023 Total 2023 Direcl costs 1.454,808 1,454,808 Page 20
BETHESDA EVENTIDE HOMES NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024 Analysis of expenditure by actlvitles Actlvlties undertaken directly 2024 Total funds 2024 Direcl costs 1,666,345 1,666,345 Activities undertaken directly 2023 Total funds 2023 Dlrect costs 1,454,808 1.454.808 Analysis of direct costs Total funds 2024 Actlvities 2024 staff costs Depreciatlon Energy, water, Gouncil tax Office fees etc Facility maintenance Equipment aXP8nditure Garden Food expenditure Amenity expenditure General supplies Insurance Training Audit fee 1,305,273 59,982 36,099 30,117 76.837 13,932 5,800 52,482 30,473 22,362 10,914 10.134 11.940 1.305,273 59,982 36,099 30,q17 76,837 13,932 5,800 52,482 30,473 22,362 10,914 10,134 11,940 1,666,345 1,666,345 Page 21
BETHESDA EVENTIDE HOMES NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024 Analysis of expenditure by actlvltles Icontlnued) Analysis of dlreGt Gosts (Gontlnued) Total funds 2023 Activities 2023 Staff costs Depr8clatlon Energy, water, council tax Office fees etc Facllity rnalntenance Equipment expenditure Garden Food expendlture Amenity expendlture General supplies Insurance Training Audil fee 1,121,359 45,668 32,233 22.417 83,032 20,297 3,439 49,676 27,702 21,202 9,615 9.248 8.920 1,121,359 45,668 32.233 22,417 83.032 20.297 3,439 49,676 27,702 21,202 9,615 9.248 8,920 1.454,808 1,454.808 Audltor's r8muneratlon 2024 2023 Fees payable to the Charitys auditor for the audil of the Charltys annual accounts 8,500 7.600 Fees payable to the Charitys auditor in resp8Ct of.. The preparation of the accounts for the Charity 1.450 Page 22
BETHESDA EVENTIDE HOMES NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024 Staff costs 2024 2023 Wages and salaries Social security costs 1,212,674 92,599 1,053,730 67.629 1,305.273 1,121,3S9 The 8verage number of persons employed by the Charity during the year was as follows: 2024 2023 No. Charitable activites Govemance 71 68 72 67 No employee r8celved remuneration amounting to more than £60,000 In elther year. Key Management Personne The Key Management Personnel of the Charity comprises the Trustees and Senior Management. Tha total amount of employe8 b@neflls (including employer pension contrlbutlons and employers nalional insurance contributions) received by Key Personnel for qualifying services to the Charity was £168,731 (2023- £155,437) Trusteès. remuneration and expenses Durlng the year. no Trustees recelved any remuneratlon or other benefits {2023- £NILI. During the year ènded 31 December 2024, no Trustee expenses hav& bè8n incurred (2023 - £NIL). No Truslees received any remuneration or olher benefits {2023 - £NIL-). Page 23
BETHESDA EVENTIDE HOMES NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024 10. Tangible fixed assets Flxtures, Original Buildlng fittings & bulldlngs development equipment Motor vehicles Total Cost or valuation At 1 January 2024 Additlons 85,113 1,476,951 48,523 259,734 52,371 1.821,798 114,089 13.195 Al 31 December 2024 85,113 1,525.474 312,105 13.195 1.935,887 Depreciation At 1 January 2024 Charge for the year 36,732 852 406,450 33,533 211,366 22,958 654,548 59,982 2,639 At 31 December 2024 37,584 439,983 234,324 2,639 714,530 Net book value At 31 Decèmber 2024 47,529 1,085,491 77,781 10,556 1,221,357 At 310ecember 2023 48,381 1,070,501 48,368 1,167,250 11. Stocks 2024 2023 Consumables 620 620 12. Debtors 2024 2023 Due wlthln one year Trade debtors other debtors Prepayments and accrued income 16,167 763 16,468 10,508 10,492 27,438 26,960 Page 24
BEfHESDA EVENTIDE HOMES NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024 13. Current asset investments 2024 2023 Listed investments 90,324 87,044 14. Credltors: Amounts falling due within one year 2024 2023 Trade creditors Other taxation and social security Other credilors Accruals and deferred income 13,330 22,522 4,858 60,791 9,580 3.328 50,057 101.501 62,965 Page 25
BETHESDA EVENTIDE HOMES NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024 15. Statement of funds Statement of funds - Current year Balance at 31 December 2024 Balance at 1 January 2024 Transfers Inlout Income Expenditure Unrestricted funds Deslgnated funds Maintenance Fund Benevolent Fund Legacy Fund 42,OOS 37,453 5,139 42,005 37,453 (5,139) 84,597 (5,139) 79,458 General funds Generdl Funds - all funds 1,537,446 1,764,251 (1,666.345) 5,139 1,640,491 Total UnroStrl¢tsd funds 1,622,043 1,764,251 11,666,345) 1,719,949 Unrestricted funds These funds relate to unrestricted Income to be used to support thè Charity's objectives. Designated funds The Maintenance fund was fomed to cater for large items of maintenance related expenditure which is required from time to lime to maintain and improve the home. The Benevolent fund was formed to allow the home to 8ssisI residents who may experien particular financial hardship. The Legacy fund was formed from gifts left to the home, mainly from former resldents, to enrich the stay of the residents by purchasing spécific items to enhance their period within the home. Page 26
BETHESDA EVENTIDE HOMES NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024 15. Statement of funds (continued) statement of funds - prlor year Balance at 31 December 2023 Balance at 1 January 2023 Income Exp8nditure Unrestricted funds Des5gnated funds Maintenance Fund Benevolent Fund Leg8cy Fund 42,005 37,453 13,195 42.005 37.453 5,139 (8,056) 92,653 (8,056) 84,597 General funds General Funds - all funds 1,418,762 1,565,436 (1,446,752) 1,537,446 Total Unrestricted funds 1,511,415 1,565,436 {1,454,808) 1.622,043 16. Analysis of net asset8 between funds AnalysSs of net assets between funds - current period Unréstricted funds 2024 Total funds 2024 Tangible fixed assets Current asseis Credilors due within one year 1.221,357 1,221,357 600,093 600,093 (101,501) {101,50I ) Total 1.719.949 1,719,949 Page 27
BETHESDA EVENTIDE HOMES . NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024 16. Analysis of net assets between funds (contlnued) Analysls of net assets between funds - prlor perlod Unrestricted funds 2023 Totsl funds 2023 Tangible fixed assets Current assets Credilors due wlthln one year 1,167,250 517,758 {62.965) 1,167.250 517,758 (62.965) Total 1,622,043 1,622,043 17. Reconclllatlon of net movement In funds to net cash flow from operatlng actlvltles 2024 2023 Net income for the pgriod (as per Statement of Financial Activities) 97,906 110,828 Adjustments for: Deprecialion charges D8creas8 in debtors Increasel(decrease) In creditors Interest receivable 59,982 478 38,536 (6,255) 45.868 3,724 (7,498) (3,870) Net cash provided by operatlng aclivili8S 190,647 148,652 18. Analysls of cash and cash equlvalents 2024 2023 Cash in hand 481,711 403,134 Total cash and Cash equivalents 481,711 403,134 Page 28
BETHESDA EVENTIDE HOMES NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024 19. Analysls of changes in net debt At1 January 2024 Cash flows At31 December 2024 Cash at b8nk and in hand Liquid investments 403.134 87,044 78.577 3,280 481.711 90,324 490.178 81,857 572,035 20. Operatlng lease commltments At 31 December 2024 the Charity had commitments to make future minimum lease payments under non- cancellable operating leases as follows: 2024 2023 Within 1 year withln 2-5 years Over 5 years 16,929 63.460 12.629 50,515 10,524 80,389 73,668 21. Related party transactlons There were no related party transactions in the year ended 31 December 2024 (2023 - Nil). Page 29