Stroud & District
homes foundation
Annual Report and Financial Statements
For the Year Ended
30 September 2021
Charlty Number: 1084255 Company Number: 4072703

Stroud & District Homes Foundation Ltd
Contents of the Financial Statements
Year Ended 30 September 2021
Paze
i-io
Trustee's Report
Auditorfs Report
11-14
Statement of Financial Activities
Balance Sheet
16-17
Notes to the Financial Statements
18-29
Supplementory Informatlon..
Detailed Income and Expenditure Account
Charity Number: 1084255 Company Number: 4072703

Stroud & District Home5 Foundation Limited
Trustees, Report
For the year ended 30 September 2021
Admlnlstrative Inforrnation
Narne:
Stroud & District Homes Foundation Limited
Charity Number:
1084255
Company Number:
4072703
Registered Addre5S:
Barn Lodge, Lovedays Mead, Folly Lane, Stroud, Glos. GL5 ISB
Trustees (who are also the Directors)
lan Salter
Rosemary Gadd
Carol Gilbert
Richard Stone
Janet Bearman Mills
Andrew Mirkovic
David Drew
Charles Townley
Jennifer Trotman
(Resigned 09 May 20211
IAppointed 18 June 20211
(Appointed 18 June 20211
(Appointed 01 March 20221
Auditor
Azets Audit Services, Epsilon House, The Square, Gloucester Business
Park, Gloucester, GL3 4AD
Bankers
Lloyds Bank, Rowcroft. Stroud. Gloucestershire. GL5 3BD
Financial Advisors
Digby Associates, 57 Queen Square, Bristol. BSI 4LF
Senior Staff
Group Manager
Tracey Betterton
Finance & Administration Manager
Kate Creed
Service Manager
James Bealing
Deputy Service Manager
Sabrina Elgharbawy
Deputy Service Manager (until 31107120211 Stephanie Burns
Quality Manager
Steve Aldridge

Stroud & District Homes Foundation Limited
Trustees, Report (continued)
For the year ended 30 September 2021
Structure, Governance and Management
The company is Incorporated as a private limited company limited by guarantee. Its constitution is set
out in its Memorandum and Articles of A550ciation which is filed at Companies House.
The liability of members is limited. Each member has undertaken to contribute one pound in the
event that the company is wound up. No director or other member has any beneficial interest in any
of the assets of the company.
The Board is elected at the Annual General Meeting and all Trustees are briefed on their
responsibilities as Trustees prior to their acceptance of the role.The board aim5 to have quarterly
meetings and major decisions affecting the charity are passed on a majority vote of those present.
The management accounts prepaTation is undertaken by an experienced in house staff member and
the accounts are presented at the board rneeting.
The Trustees have assessed the major risks to which the charity is exposed, and are satisfied that
system5 are in place to mitigate exposure to the malor risks. The Board sets the policies and appoints
the Senior Management team who are responsible for the day to day managemet)t of the company's
activities.
The year continued to be dominated by Covid and all its ramifications, which are so far reaching. and
on reflection have affected every part of what we do. It placed a spotlight on quite how vulnerable
the people we support can be. their reliance on the organlsation and their reliance on one another.
Their worlds got smaller for another year and everything we hold dear such as community
participation. community presence and equal access to healthcare, were compromised for the second
year running. Lot5 of work and support was offered by staff and families to aid understanding, and
finally it feels like life is returning to something resembling normality, but thevve lost opportunities,
some confidence and in some cases. loved ones. Tragically, we lost a much loved gentleman to Covid
late last year, such a difficult time for everyone involved, but the team and seNice users at The GranEe
were exceptional. This came after two other service users sadly passed away in lune, neither of these
deaths were Covid related but all are greatly missed and a reminder of just how emotionally
challenging the year has been.
As an organisation so much of what we have seen this year should make us proud. Not only have we
excelled during these times, but we have also expanded, with Sadler's opening at the beginning of the
year. We started with two seNice users in January, which doubled to four by the Spring. With all sorts
of restrictlOn5 in place it was an outstanding achievement by everyone concerned to open a new
service and Offer excellent support to individua15, their families and the local authority. Unfortunately,
as the group expanded, one of the individuals found the environment too busy and displayed some
significant challenging behaviours, at a level and intensity that he'd never displayed before. It was
diflicult to access external support and training, as many professionals would not come into care
Servi￿5, so reluctantly we were forced to Serve notice on his placement. However, as an organisation
we continued to SUPPOrt him in a single person, lotal authority owned accommodation, until
permanent placement could be found.

Stroud & Dlstrict Homes Foundation Limlted
Trustees, Report (continued)
For the year ended 30 September 2021
StaffSng remains a significant issue, both locally and nationally. Brexit ha5 meant that many
organisations that would rely on overseas workers now have to look more locally, 50 the competition
for care staff is intense. Also, failure by the government to adequately protect care workers with
shortage of PPE, and many support workers watching friends and relatives furloughed or working from
home. has all added to a feeling of social care being an undervalued profession and one which perhaps
hasn't been treated fairly.
As an organisation, I believe we have responded well to these challenges. We have significantly
increased the hourly rate for staff, added an additional overtime rate and continue to make their
overall package, terms and conditions, career development, training and suppoit more appealing
and very competitive. We undertook a piece of work, where we met with each staff team and asked
them how we could improve the Service, and they offered some excellent suggestions which the
management tearn are acting upon. We will ensure that team members feel well supported,
informed, well trained and have regular access lo members of our management team, which
alongside improved terms and conditlon5, will help improve our levels of staff retention.
We have, like many oreanisations, had to significantly rely on agency staff at times this year. This is an
area we are actively addressing as it is expensive, unsettling for service user5, poor for staff moral and
not a long term 501ution. We are already 51arting to See that the significant work that has been put in
by Kate, Tracey and the management team is helping with the retention of existing staff, the
recruitment of new staff and the likelihood of a team member recommending us to someone they
know as a potential employer, whlch is an excellent way of recruiting.
One thing that Shone so brightly from our meeting with staff is how they felt about the people we
support, and it was a privilege to hear. Many staff described them as family, significant in their lives
and in the context of their job5, which 15 what really matters. I believe the care we provide make5 US
stand out from many providers and is recognised widely by families. the local authority and by the
people that regulate our services.
One of our goals forthe coming year for the people we support is to increase their opportunities, their
quality of life and revisit many of the goals we had before lateral flowtests. PPE and Zoom calls became
our realityl We will look al each service userfs life, activities and opportunities and see how. within
the constraints of their care packages, we can improve their quality of life. We had many ideas
previously around day care, work experience and general occupation and look forward to revisiting
them.
One of the ways we will be monitoring the quality of what we do is through our new Care Management
System. This will ensure a more consistent way of reccirding information throughout the organisation,
all our recordings will be in one place and much easier for the management team to monitor the
quality of care plans. risk assessments, daily notes and administration and recording of medication.
Rather than needing to go to the services for information it can be atcessed and monitored centralTry
and can alert U5 if anything is missed. Within time will become an important tool lor us to use. It is in
the process of being implemented as there 15 a lot of information that needs to be inputted, but
hopefully it will be embraceij by the staff teams and in time they will realise it will make their lives
easier. Change is never easy.

Stroud & District Homes Foundation Limited
Trustees, Report {continued)
For the year ended 30 September 2021
The Quality Training Manager has left the Service and we quickly realised separating the role wasn't
Ihe best way forward, indeed it proved confusing for staff and didn't Eive us what we needed. We now
realise that by members of the management team taking on more of her operational responsibilities,
Tracey is the ideal person and for it to be incorporated into her role. Steph left the service thi5 year
and has been replaced by Charlotte, who has significant experience in care management and
previously worked for us. We really do have a strong management team, who continue to learn, to
develop and to progress. I look forward to their achievements and growth in the coming year.
We have continued our excellent relationship with Stroud and District Mencap and both share the
highest of standards for the properties. We have collaborated on the development of Sadlers. which
looks lovely and more recently Kate. ably supported by Tony and George, designed and helped create
a very special sensory garden, which finishes the home perfectly. We have a number of ongoing
pmjerts, including improved access to The Grange and will continue improving the homeliness and
standards of all our properties. Acce55 to the houses for our maintenance team has been a challenge
during Covid restrictions. but we can really crack on now with internal work. We continue to work in
partnership with Solicitors regarding the access issues related to the Stroud site.
Kate and myself have had recer¢t meetings regarding our investments which continue to do well, and
more challengingly our gas and electric contrarts, which continue to rocket. I never envisaged that Mr
Putin would be so influential to our negotiation51
One of the highlightsof the year has been having two new board members David and Chas. and I thank
them for their time and expertise. Thank you a5 well of course, to more long standin8 member5* YOU
do a tremendous job and we're èll so grateful for your continued support and commitment,
particularly during such a challengin8 year. Hopefully we will have another new member joining our
team at the AGM to complement our already eKtellent board.
In summary, another challenging year. which in many way5 felt as familiar, but perhaps more tiresome
than the previous Covid dominated one. I believe we really experienced the effects of what had gone
before, seeing an increase in staff turnover, Poof mental health and perhaps job sat15faction, many of
the community based activities they too previously enjoyed were denied them and they were mainly
housebound during their working (lay. With the service users we have seen an increase in health
related issues, perhaps due to older age, but perhaps like many of us, due to losing the things in life
that make us well and who we are. The challenge for the corning year is to help sUPPOrt them back
Into the community, to rediscovef a zest for life and to maintain a consistent and motivated team that
can help them achieve this.
l am really looking fotward to the year ahead, the management team and board have never been
stronger and I thank everyone for everything they've achieved this past year, their imagination, efforts
and commitment
Objectlves and Activities
In accordance with the Articles of Association the objects of ihe company are to provide for the relief
of adults with learning difficulties by providing residenlial, respite and day care.

Stroud & District Homes Foundation Limited
Trustees, Report (continued)
For the year ended 30 September 2021
In 3chieving these objectives the company operated two Residential Care Home5 registered underthe
Health and Social Care Act 2Th)8 (Regulations 20101 and four homes providing Supported Living
accommodation for adults with learning disabilities. The two Residential home5 deregistered and
became Supported Living from 5 September 2020. In total the company can provide care and support
for 39 adults. Our mission statement is-.
'To work together with people with Leorning Disabilitie5 to provide high quGlity care and support
services to help people uchieve theirfull potentiol,
By mutual agreement there is an informal 99-year lease with Stroud and District Mencap society.
"with permitted use as a residential or non- residential institution of care, treatment and education
of mentally handicapped people" It Is under this Informal Lease Agreement that Stroud and District
Homes Foundation Limited provides a day-to-day care and support in residential and tenancies for
up to 39 people with a learnin8 disability. The lease requires that stroud & District Homes
FoL*ndation Limited maintain all properties to a good standard, covering all repairs and always
providing adequate insurance cover.
The Charity have provided an interest free loan to Stroud & District Mencap Society which is being
repaid at £5,0￿ per month with £60,000 included within debtors falling due within one year and
£472,246 included within debtors falling due in greater than one year
The Publlc Interest- Achievements and Performance
Over the past year we have continued to support individuals to maintain and develop their
independence skills and become active and valued members of their local communities as rnuch as
possible and appropriate in line with the government COVID guidelines and other relevant
professional agencies.
Due the Covid pandemic the service as a whole still present many challenges. The difficulties that we
have and continue to face are mainly around service users and the impact that Covid has had on their
daily lives. Since lock downs have ceased we have seen that some of our Service users have found it
difficult to engage in the activities that they did pre Covid, motivation has been low and they have
voiced their fears around catchinE Covid, staff and management have worked hard in trying to
reassure service users and support and encourage them 10 take part in the normal day to day activitie5
that they had once enjoyed.
All of our seNice users have received the 2 vaccinations and some have received their boostervac¢ines
however we are still waiting for dates for the vaccine for the others.
We have also worked hard at keeping the morale within the staff teams as high as possible, as we
acknowledge that they have worked very hard not only to abide by the government direction arTrd
guidance but also dealing with the impact this has had on the setvice users.
We have had staff members having to isolate after a posltive Covid test. Our testing regime is in line
with the Government requirements which is 2 lateral flow tests per week and I PCR test per week,

Stroud & District Homes Foundation Limited
Trustees, Report (continued)
For the year ended 30 September 2021
service users are tested one a month with a PRC test this ha5 proved successful in containing the virus
as staff could isolate straight away minimising the risk to others. We continue to provide Covid dèta
to the health protection team at GCC and through the NHS capacity Tracker and to Public Health when
we have had positive cases.
Our services continue to be caring, homely and supportive environments where individual's righ15,
personal choices and individuality are valued unconditionally.
Whilst reviewing aims & objective5 and in the planning of future activities the trustees have given
consideration to the Charities Commission published guidance on the operation of the public benefit
requirement
Barn Lodge I Stone Haven, is up to full capacity, Cotswold Grange has one vacant room, Huddle5tone
has two vacant rooms, Cotswold Court has one vacant room and the Gables also have I vacant room
but all homes continue to meet the service user5, needs effectively. The pandemic had made it very
diffituli to fill vacant rooms but we continue to work in partnership with GCC to fill the vacancies in
all the homes in the near future.
Sadlers (new property) opened on the 30 January 2021 and has 4 occupants leaving I room vacant.
coc
We have had no face to face inspections this year however a Pre Inspection Report was completed
and returned in April this year.
GCC reasse55ments
Due to a death of a service user in the Gables we are expecting the existinE service users that live in
the Gables to have a reassessment of their needs this year. And a150 rea55e55ments for the individual
setvice users who live in Barn Lodge due to a servite user having to leave the service for a long period
of time due to health needs
Quallty
Gloucestershire Voices comp5eted Quality audits Stonehaven In February this year and both
Huddlestone and Sadlers in October this year.
We continue to meet our statutory obligations under the Health and Social Cafe Act 2008 Iregulations
20101, to the Care Quality Commission and the Local Authority.
Personnel
The top tier of the senior management remain the same as Group Manager/Registered Manager
Isupported Living SeNicel a Service Manager and two Deputy Managers and a quality manager post.
Over311 recru¥tment has been challenging and like many organisations we have vacancies that we
struggle to fill.
SDHF continue5 to work closely with reputable agencies and use their vetted and trained staff, this
year has meant increased consideration around infection control measures to reduce the risk of
spread of the virus. Measures adopted included-. regular testing, the use of block booking as

Stroud & District Homes Foundation Limited
Trustees, Report (continued)
For the year ended 30 September 2021
appropriate to ensure that workers committed to only working for us and no other provider where
Possible.
Plans for the Future
l. Work towards filling our vacant rooms in Sadlerfs and in Cotswold Grange. Huddlestone,
Cotswold Court and the Gables.
2. Ensure all homes are c05t effective and not running at a105$ and to ensure sustainability for
the future.
3. To continue to monitor and review the potential impact to individual service users where
possible. Control measures for risk management have been implemented by the organisation
(based on individual support plan51 to ensure that Service users are not being put at
unnecessary risk from hami or abuse due to reduced support provision. These will be
monitored and reviewed regularly and effective lines of communication will be maintained
with other professionals Isuch as Local Authority and Health professionals) to ensure
collectively that service users, needs are being met and that they a￿ as safe as reasonably
practicable.
4. To continue to fully 5UPPOrt Service users their families and staff through the Covid pandemlc
Financial Review and Reserves Policv
Income
Stroud and District Homes Foundation received fundin8 from a variety of sourtes during the financial
year but the majority of funding was derived from contracts with the Local Authority for the care and
support of the service users.. together with the housing benefit received from Stroud District Council
this accounted for 97% of the total income received from charitable activities12020'. 94%>.
There 15 no income from Residential care 35 the homes were deregistered on 5 September
2020 and all homes are now supported living
The income from those in supported living increased by 53.6%
o The substantial increase is due to The Gables and Cotswold Court becoming
supported Living from 5 September 2020
o Two rooms at Huddlestone were vacant all year these have yet to be filled
One room 2t Cotswold Court h35 been vacant all year
o A room at The Gables became vacant in lune 2021
o Cotswold Grange room has been vacant all year
Sadlers opened at the end of lan 202 1 initially with two people- there was one
vacant room5 at the end of September 2021, one of which was filled in Odober
2021
o GCC agreed an uplift of 3.61% from April 2021
Grants and other fund5/schemes were also received from the local authority or HMRC in respect of
Covid 19 which accounled for 2.4Yg12020'. 5%) of the income and were related to expenses in respect
of staff wages whilst isolating & restricting movement between homes etc. All service users
contributed towards the costs of running the vehicles. Thi5 15 recharged based on the nurnber of miles
travelled in the company vehicles and invoiced on a monthly basis.

Stroud & District Homes Foundation Limlted
Trustees, Report (continued)
For the year ended 30 September 2021
Household charges were recovered from service users in supported living at £30 per week towards
the cost of utilitie5 and this was included within income from charitable activities. There wa5 no
increase in the rate during the year.
Expenses
The following projects were undertaken in the year
BL staff toilet & wet room fioor
Cotswold Court wet room floor
Cotswold Court Laundry
Sadlers Tefurbi5hments
Sadlers & Huddlestone Garden
With the exception of the governance costs of £4,24412020: £4,155) all costs were derived from
charitable activities and increased by IO% against the previous year from £1.518,358 to £1,668,085
The average number of employee5 paid in the year was 61 and salary costs increased by 5.3Y•. Agency
staff were used totalling £119,821. Like many organisations in the sector recruitment and retention
of staff has been a challenge.
Risk management
Internal control risks are minimi5ed by the implementation of procedures. Procedures a￿ in place to
ensure complionce wlth Health and Safety for staff and service user.
Control measures for risk management have been implemented by the organisation Ibased on
individual support plans) to ensure that service users are not being put at unnecessary risk from harm
or abuse due to reduced support provision.
These will be monitored and Teviewed regularly and effective lines of communication will be
maintained with other professionals (such as Local Authority and Health professionals) to ensure
collectively that Service users. needs are being met and that they are as safe as reasonably practicable.
Other consideratlons
The extension and refurbishment of 17 Brimley ISadlers1 was completed in 2021 after being disTupted
by Covid lockdown. for a significant period. Work began in September 21 to make the Bardens more
accessible with disables friendly pats and raised borders etc as well as sensory consideralion5.
Reserves Policy
The Board endeavour to retain six months running costs in hand to provide against any financial risks
the charity may be exposed to. The major financial risk faced by the organi5ation is the reduction in
funding by the Local Atjthority. This would have a (ietrimental effect on the setvices that we provide.
Neverthele55 we continue to challenge cuts in funding and ensure thatthe service userfs best interests
are at the heart of our provision.

Stroud & District Homes Foundation Limited
Trustees, Report (continued)
For the year ended 30 September 2021
The charity currently holds £500,000 12020.. £500,ocK)l as deslgnated fund5 towards the future
development of the Service. Othergeneral unrestricted funds totalled £1,716,44212020: £1,406,833KI
at the year end.
Investment Policy
Surpltjs funds are placed on deposit with the bank insofar as they may be needed in the foreseeable
future to cover the running costs for a period of several months. Fund5 over and above this are
invested to produce a mixture of capital Erowth and income from low risk investments.
The opening value of the investment portfolio of £965,067 on 30 September 2020 compares with the
closing value of the portfolio on 30 September 2021 of £1,150,939
Concluslon
The whole Board and a number of other friends provide considerable time and a range of skills arld
services on an entirely voluntary basis. Without this the company would not be able to function
properly.
The Board will continue to use its best endeavours to improve the quality of life of those who Iwe with
us and will devote the resources available to providing them with the best possible service.
Statement of Tru5tee< Responsibilities
The trustees, who are also directors of Stroud and District Homes Foundation Limited for the purpose
of company law. are responsible for preparin8 the Trustee5' Report and the financial statements In
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Genefally
Accepted Accountlng Practice).
Company law requires the trustees to prepare financial statements for each financial year which give
a true and fair view of the State of affairs of the charity and of the incoming resources and application
of resources, including income and expenditure, of the charitable company for that year.
In preparing these flnancial statements, the trustees are required to:
select suitable accounting policies and then apply them consistentlv.
observe the method5 and principles In the Charities SORP,.
- make judgements and estimates that a￿ reasonable and prudent,.
prepare the financial statements on the going concern basis unless it is inappropriate to presume
that the charity will continue in operation.
The trustees are responsible for keeping sufficient accounting records that diselose with reasonable
ccuracy at any time the financial position of the charrty and enable them to ensure that the financial
statements comply with the Companies Act 2006. They are also responsible for safeguarding the
a55ets of the charity and hence for taking reasonable steps for the prevention and detection of fraud
and other irregularities.

Stroud & District Homes Foundation Limlted
Trustees, Report (continued)
For the year ended 30 September 2021
Audltors
The auditors, Azets Audit SeNices, will be proposed for re-appointment at the forthcoming Annual
General Meeting.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies
Act 2006 relating to small companies.
By order of the Board
lan Salter IChairl.........-.....
Oate:
io

Stroud & District Homes Foundation Limited
Report of the Independent Auditors to the Members of
Stroud & Dlstrict Homes Foundation Limited
For the year ended 30 September 2021
Opinion
We have audited the financial 5tètements of Stroud and District Homes Foundation Limited (the
'charit¢l for the year ended 30 September 2021 which comprise the statement of financial activities,
the bèlance sheet, the statement of cash flows and the notes to the financial statements, including
significant accounilng policies. The financial reporting framework that has been applied in their
preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The
Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally
Accepted Accounting Prarticel.
In our opir>ion, the financial statements..
give a true and fair view of the state of the charitable company's affair5 a5 at 30 September
2021 and of its incoming resources and application of resources. for the year then ended,.
have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practite.. and
have been prepared in aecordance with the requirements of the Companies Act 2006.
Basis for oplnlon
We conducted our audit in accordance with International Standards on Auditiri8 IUKI11SAs IUKII and
applicable law. Our responsibilities under those standards are further described in the Auditor's
responsibilities for the audit of the financial statements section of our report. We are independent of
the charity in accordance with the ethical requirements that are relevant to our audit of the financial
statements in the UK. including the FRC'S Éthical Standard. and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit evidence we have
obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relatlng to going concem
In auditing the financial statements, we have concluded that the trustee5' use of the going concern
basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed. we have not identified any material uncertainties relating to
events or conditions that, individually or collectively. may cast significant doubt on the charity's ability
to tontinue as a going concern for a periotl of at least twelve months from when the financial
statements are authorised for issue.
Our responsibilitie5 and the responsibilities of the tru5tee5 With respect to going Concern are described
in the relevant sections of this report.
li

Stroud & Dlstrict Homes Foundation Limited
Report of the Independent Auditors to the Members of
Stroud & District Homes Foundation Llmited
For the year ended 30 September 2021
Other information
The other information comprises the inforrnation included in the annual report other than the
financial statements ènd our auditor'5 report thereon. The trustees are responsible for the other
information contained within the annual report. Our opinion on the financial statements does not
cover the other information and we do not expre55 any form of assurance conclusion thereon. Our
responsibility is to read the other information and, in doing so, consider whether the other
information is materially inconsistent with the financial statements or our knowledge obtained in the
course of the audit, or otherwise appears to be materially misstated. If we identify such material
inconslstencies or apparent material misstatements. we are required to determine whether this gives
rise to a material misstatefflent in the financial 5tatementS themselves. If, based on the work we have
performed, we Conclude that there is a material mi5Statement of this other information, we are
required to report that faci.
We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters in relation to which the Charities
IAccounis and Reportsl Regulations 2008 require us to report to you if. in our opinion
the information given in the financial statements is inconsistent in any material respect with
the trustees, report- or
sufficient accountinB retords have not been kept,. or
the financial statements are not in agreement with the accounting recofds,. or
we have not received all the information and explanations we require for our audit.
ResponsSbllltles of trustees
As explained more fully in the statement of trustees, responsibilities. the trvstees. who are also the
difectors of the charity for the purpose of company law, are responsible for the preparation of the
financial statement5 and for being satisfied that they give a true and fair view, and for sltch internal
control a5 the trustees determine is necessary to enable the preparation of financial statements that
are free from material misstatement, whether due to fraud or error. In preparing the financial
statements, the trustees are responsible for assessing the charittys ability to continue as a going
concern. disclosing, as applicable, matters related to going concern and using the going concern basls
of accounting unless the trustees either intend to liquidate the charitable company or to cease
operation5. or have no reaSistic alternative but to do so.
Audltor's responsibilities for the audit ol the financial statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in
accordance with the Act and relevant regulations made or having effect thereundei.
12

Stroud & Distrirt Homes Foundation Lirnited
Report of the Independent Auditors to the Members of
Stroud & District Homes Foundation Llmited
For the year ended 30 September 2021
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole
are free from material misstatement, whether due to fraud or error, and to issue an auditor'5 report
Ihat include5 our opinion. Reasonable assurance is a high level of assurance but Is not a guarantee
that an audit conducted in accordance with ISAS IUKI will always detect a mateyial misstatement when
it exists. Mi55tatements can arlse 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.
A further description of our responsibilitie5 is available on the Financial Reporting Council's website
at- https'./lwww.frc.org.uk/auditor5responsibilities. This description forms part of our auditor's
report.
Extent to which the audit was considered capable of detecting irregularities, includSng fraud
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We des18n
procedures in line with our responsibilities, outlined above and on the Financial Reporting Council's
website, to detect material misstatements in respect of irregularities, including fraud.
We obtain and update our understanding of the entity, Its activities. its control environment, and likely
future developments, including in relation to the legal and regulatory framework appllcable and how
the entity is complying with that framework. Based on this understanding, we identify and assess the
risk5 of material misstatement of the financial statements, whether due to fraud or error, design and
perform audit procedures responsive to those risks. and obtain audit evidence that is sufficient and
appropriate to provide a basi5 for our opinion. This includes consideration of the risk of acts by the
entity thai were contrary to applicable laws and Tegulations, including fraud.
In response to the risk of irregularities and non-compliance with laws and regulations, including fraud.
we designed procedu￿5 which included..
Enquiry of management and those charged with governance around actual and potential
litigation and claims as well as actual. suspected and alleged fraud;
Reviewing minutes of meetings of those charged with governance,.
Assessing the extent of compliance with the laws and regulations considered to have a direct
material effect on the financial staterllents or the operations of the entity through enquiry
and inspection,.
Aeviewing financial statement disclosures and testln8 to 5UPPOrting documentation to assess
compliance with applicable laws and regulations,.
Performing audit work over the risk of management bias and override of controls, including
testing of journal entries and other adjustments for appropriateness, evaluating the business
rationale of significant transactions outside the normal course of business and reviewing
accounting estimates for indicators of potential bias.
13

Stroud & District Homes Foundation Limited
Report of the Independent Auditors to the Members of
Stroud & District Homes Foundation Limited
For the year ended 30 September 2021
Because of the inherent limitations of an audit, there is a risk th3t we will not detect all irregularities,
including those leading to a material misstatement in the financial statements or non-compliance with
regulation. Thi5 risk increases the more that compliance with a law or regulation is removed from the
events and transactions reflected in the financial statements, as we will be less likely to become aware
of instantes of non-compliance. The risk of not detecting a material misstatement resulting from
fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional
omissions, misrepresentations, or the override of internal control.
Use of our report
Thi5 report Is made 501elyto the charitls trustee5, as a body, in accordance with part 4 of the Charities
IAccounts and Reports) Regulation5 2008. Our audit work has been undertaken so that we might state
to the charity's trustees those matters we are required to State to ihem in an auditors, report and for
no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility
to anyone other than the charity and the charitqs trustees as a bc>dy, for our audit work, for this
report, or for the opinions we have formed.
Azets Audit Services
Chartered Accountants
Statutory Audltor
29 July 2022
Epsilon House
The Square
Gloucester Business Park
Gloucester
United Kingdom
GL3 4AD
14

Stroud & District Homes Foundation
Statement of Financial Activities
For the Year Ended 30 September 2021
(Incorporating the Income and Expenditure Account)
Unrestricted Restrirted
Funds
Funds
Total
Funds
Total
Funds
Note5
2021
2021
2021
2020
Income from".
Donations & legacies
3,675
3,675
1,504
Charitable activities
1,780,164
1,780,164
1,627,768
Investment income
17,926
17,926
17,664
Total Incoming Resources
1,801,765
1,801,765
1,646,936
Resources Expended
Charitable activities
1,672.329
1,672,329
1,522,513
Total Resources Expended
1.672,329
1,672.329
1,522,513
Net incoming resources before transfers
129,436
129,436
124.423
Gross transfers between funds
Net incomlng resource5 before other
recognised gains and losses
129,436
129,436
124.423
Other recogni5ed gains
Net gainslllossesl on investments
180,173
180,173
17.599
Net movement in lunds
309,609
309,609
142.022
Balance at 30 September 2020
1,906.833
1,906.833
1,764,811
Total Funds Carried Forward
13
2.216,442
2,216,442
1,906.833
The statement of financial activities includes all gains and 1055es recognised durinB the year.
All incoming resources expended derive frc*m continuing activities.
15

Stroud & Distrlct Homes Foundation Limited
Company No 4072703
Balance Sheet
As at 30 September 2021
Notes
2021
2020
Fixed Assets
Tangible assets
Investments
li
12
102.188
1,150,939
1,253,IZ7
75,230
965,067
1,040,297
Current Assets
Stock
Debtors., amounts falling due
within one year
Debtors.. amounts falling due
after more thèn one year
Cash at Bank and in Hand
1,598
14
242,974
221,452
14
15
472,246
337,642
1,052,862
394,492
327,181
944,723
Current Llabilitie5
Creditors.. amounts falling due
within one year
Net Current Assets
Total Funds
16
189,5471
178,1871
963,315
Z,216.442
866,536
1,906,833
Accumulated Resetves
Unrestricted Income Funds
General
Designated
17
17
1,716.442
5(10,000
2,216,442
1,406,833
50D,000
1,906,833
Restricted Income Funds
Total Funds
2,216,442
1,906,833
The company is entitled to the exemption from the audit requirement contained in section 477 of the
Companies Act 2006. for the year ended 30 September 2021, although an audit has been carried out
under section 144 of the Charities Act 2011.
The directors acknowledge their responsibilities for complying with the requirements of the
Companie5 Acl 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its finantièl statements under the
requirements of the Companie5 Act 2006, for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to
companies subjecl to the small companies regime.
16

Stroud & District Homes Foundation Llmited
Company No 4072703
Balance Sheet
As at 30 September 2021
The financial Statements were approved by the Trustees on
behalf bv:
3 1.171)2 .
and were Signed on its
l. Salter....
C. Gilbert......-.................-....-.
17

Stroud & District Homes Foundation Limited
Statement of Cash Flows
For the Year Ended 30 September 2021
2021
2020
Notes
Cash flow5 frorn operating activities
Cash generated fromllabsorbed by)
operations
23
58,389
149,8361
Investing actlvltles
Purchase of tangible fixed assets
Purchase of ir)vestments
Proceed5 On disposal of investments
Investment income received
160,1451
1119.0161
126,728
17,926
148,9231
1135,2921
131.222
17,664
Net cash used in Investlng activities
134,5071
135,3291
Net cash used In finanung artivities
Net decrease in cash and cash equivalents
23,882
185,1651
Cash and cash equivalents at beginning of year
Investment ptsrtfolio cash movements
327,181
113,4211
411,997
349
Cash and cash equivalents at end of year
337,642
327,181
18

Stroud & District Homes Foundation Limited
Notes to the Financial Statements (continued)
For the Year Ended 30 September 2021
l. Accounting Policies
Basi5 of Preparation of financlal statement5
The financial statements have been prepared in accordance with the charitys governing document,
the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended
Practice applicable to charities preparin8 their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland IFRS1021 (effective l January 20191" The charity
is a Pijblic Benefit Entity a5 defined by FRSIO2.
The financial statement5 are prepared in sterling, which 15 the functional currency of the charity.
Monetary amounts in these financial statements are rounded to the nearest £.
The financi31 statements have been prepared untlerthe historical cost convention, modified to include
certain financial instruments at fair value. The principal accounting policies adopted are set out below.
Golng concern
At the time of approving the financial statements the trustees have a reasonable expectation that the
charity has adequate resources to conlinue in operation31 existence for the foreseeable future. Thus
the trustees continue to adopt the going con￿rn b85is of accounting in preparing the financial
Statements.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are initially measured at cost and subsequently measured at tost or valuation,
net of depreciation and any impaiiment1055es. Fixed asset5 received a5 part of the gift from Stroud
and District Mencap Society have been recorded at the net book value of those assets to the Society.
Equipment
Furniture & Fixlures
Vehicles
Depreciation is provided at 25% on the straight line basis
Depreciation is provided at 20Yo on the straighi line basi5
Depreciation Is provided at 20% Dn the straight line basis
The freehold interest in the properties occupied by the charity for the provision of residential care and
support is held by the Stroud and District Mencap Society and leased to the charitv.
Income from Charitable Actlvitles
The company has contracted with Gloucestershire Community and Adult Care Directorate to provide
care and support for adults with learning disabilities. In supported accommodation, property related
costs are met from the Housing Benefit to which the tenant5 are entitled. In addition tenarits and
residents receive benefits from the Department for Work and Pensions and Jobcentre Plus and are
recharged individually for the costs of transport, household expense5, holidays and other facilities
provided.
Other Income
Income is recognised when the charity Is legally entitled to it after any performance conditions have
been met, the amounts can be me85ured reliably, and it is probable that income will be received.
Cash donations are recognrsed on receipt. Other donations are recognised once the charity has been
notified of the donation, unless performance conditions require deferral of the amount. Income tax
recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the
time of the donation.
19

Stroud & Dlstrlct Homes Foundation Llmlted
Notes to the Financial Statements (continued)
For the Year Ended 30 September 2021
Legacie5 are recognised on receipt or otherwise if the charity has been notified of an impending
distribution, the amount is known, and receipt is expected. If the amount IS flot known, the legacy is
treated a5 a contingent asset.
Income from Bovernment and other grants, is recognised when the Charity has entitlement to the
funds, any performance conditions attached to the grants have been met, it is probable that the
income will be received and the amount can be measured reliably.
Investment income is included when receivable and the amount can be measured reliably by the
charity.. this is normally upon notification of the interest or dividend5 paid or payable by the bank or
investment managers.
Resources expended
Liabilitie5 are recognised as expenditure as soon as there Is a legal or ¢onstructive obligation
COTnmitting the charity to that expenditure, it is probable that a transfer of economic benefits will be
required in settlement and the amount of the obligation can be measured reliably. Expenditure 15
accounted for on an accruals basis and has been classified under headings that aggregate all cost
related to that 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. Irrecoverable VAT is
charged against the category of resources expended for which it is incurred.
Support costs are those functions that assist the work of the charity but do not directly undertake
charitable activities. Svpport Costs include office costs, finance. personnel, payroll and governance
costs which support the charity's programmes and activities. These costs have been allocated between
cost of raising funds and expenditure on charitable activities. The bases on which support costs have
been allocated are set oul in the notes to the financial statements. The management of the charitws
affairs and fundraising are wholly undertaken by volunteers and no sa12ries tsr other employee
expenses are incurred.
Flxed a55et investment5
Fixed asset investments are init1311y measured at transattion price excluding transaction costs, and are
subsequently measured at fèir value at each reporting date. Changes in fair value are recognised in
net incomellexpenditurel for the year. Transaction costs are expensed as incurred.
Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to
determine whether there is any indication that those assets have suffered an impairment Ios5. If 8ny
such indication exisls, the recoverable amount of the asset is estimated in order to determine the
extent of the impairment loss lif any).
Cash and cash equivèlent5
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term
liquid investments with original maturities of three months or less, and bank overdrafts. Bank
overdrafts are shown within borrowinEs in current liabilities.
Financial instruments
Financial instruments are recognised in the charity's balance sheet when the charity become5 party
to the contractual provisions of the instrument.
20

Stroud & District Homes Foundation Limited
Notes to the Financial Statements (continued)
For the Year Ended 30 September 2021
Financial assets and liabilities are offset, with the net arnounts presented in the financial statements.
when there is a legally enforceable right to set off the ￿COgnised amounts and there 15 an intention
to settle on a net basis or to realrse the asset and settle the liability simultaneously.
Bosicfinoncial 05sets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transattion cost5 and are subsequently carried at amortised tost using the
effective interest method unless the arrangement constitutes a financing transaction, where the
transaction is measured at the present value of the future receipts discounted at a market rate of
interest. Financial 855ets classified as receivable within one year are not amortised. Concessionary
loans are basic financial instruments and are initially recognized at the amount paid. The carrying
mount is adjusted in subsequent years to reflect repayments and any impairment.
8t7sicfin6nci(71 lit7bilities
Basic financial liabilities, including creditors and bank loans are initially retognised at transactlDn price
unless the airangement constitutes a financing transaction, where the debt instrument is measured
at the present value of the future payment5 discounted at a market rate of interest. Financial liabilities
classified Bs payable within one year are not amortlsed.
Debt instruments are subsequently carried at amortised cost, Using the effective interest rate method.
Trade credltors are obligations to pay for goods or services that have been acquired In the ordinary
tourse of operalions from suppliers. Amounts payable are classified a5 current liabilities if payment is
due within one year or les5. If not, they are presented as non-current liabilities. Trade creditors are
recognised initially at tran58Ction Price and subsequently measured at amortised cost using the
effective interest method.
Derecognition oJfinancial liabilities
Financial liabilitie5 are derecognised when the charity's contractual obligations expire or are
discharBed or cancelled.
Provisions
Provisions are recognised when the #cy3 has a legal or constructive present obligation as a result of a
past event. it is probable that the charity will be required to settle that obligation and a reliable
estimate can be made of the amount of the obligation.
Thè amount recognised as a provision is the best estimate of the consideration required to settle the
present obligation at the reporting end date. taking into account the risks and uncertainties
SLFrrounding the obllgation. Where the effect of the time value of money is material, the amount
expected to be required to settle the obligation is recognised at present value. When a provision is
measured at present value, the unwinding of the discount is recognised as a finance cost in net
incomellexpenditurel in the period in which it arise5.
Employee beneflts
The cost5 of shorl-term employee benefits are retogni5ed as è liability and an expense, unles5 those
costs are required to be recognlsed as part of the cost of stock or fixed assets.
The c05t of any unused holiday entitlement is reco8nised in the period in which the employee's
services are received.
21

Stroud & District Homes Foundation Limited
Notes to the Financial Statements {continued)
For the Year Ended 30 September 2021
Termination benefits are ￿co@nISed immediately as an expense when the charity is demonstrably
committed to terminate the employment of an employee or to provide termination benefits.
Retirement benefits
Payments to defined contribLrtion retirement benefit schemes are tharged as an expense as they fall
due.
nvestments
The Trustee Act 2000 contains statutory powers enabling the trustees to delegate the investment
management of the charity's assets to an appropriately qualified investment advisor with
discretionary management powers subject to a general policy prescribed by the trustees. The
tru5tees' present policy is that the charity's funds lif any) should be invested in deposit accounts or
such other financia5 instruments as preserve their capital value while earning such interest as is
commensurate with the associated, minimal risk,
Taxatlon
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988
or sertion 256 of the Taxètlon of Chargeable Gain5 Act 1992 to the extent that these are applied to
its charitable objects.
2. Deslgnated and Restrlcted Funds
The company has not received any festricted funds this year. £500,WO rernains held as designated
funds towards the fijture development of the service.
There are currently no restricted funds.
3. Donations and lega¢les
2021
2020
Other donations
3,675
3,675
1,504
1,504
4. Income from charitable activitie5
2021
2020
Residential care
Supported living
Other charitable income
Covid support grant5
411,346
1,122,408
11,500
82,514
1,723,998
13,645
42,521
1,780.164
1,627.768
22

Stroud & District Homes Foundation Limited
Notes to the Financial Statements (continued)
For the Year Ended 30 September 2021
Covid support KrantS
Infection control & testing grants
Workforce capacity fund
Coronavirus job retention scheme
Covid-19 relief
Covid SSP grant
33,320
3.329
3,851
10,380
12,351
59,157
626
2,021
42.521
82,514
5. Investment Income
The amount received represents dividends and interest Dn bank deposits and the investment
portfolio.
6. Cost of Charitable Actlvlties
2021
2020
Care and support costs
Property Costs
Food and household costs
Transport costs
Residents, persDnal expenditure and allowances
1.151.801
244,850
59,525
23,751
1,536
1,481.463
1,066,128
188.608
68,763
27,172
1,867
1,352,538
Support costs
Governance cost5
186,642
4,244
1,672,329
165,820
4,155
I,S22,513
Depreciation charged of £33,188 on vehicles. office equipment and furniture and fixtures is included
in these Costs.
Staff costs are allocated in atcordance with the nature of the service5 provided. Support cost5 are
allocated in full to charitable activities.
23

Stroud & District Homes Foundation Limited
Notes to the Financial Statements (continued)
For the Year Ended 30 September 2021
7. Support and Governance Cost5
Support Governance
costs
costs
2021
Support Governance
costs
costs
2020
Depreciation
Wage5 & salaries
Office supplies
Telephony & IT
Legal & professional
Sundry expenses
Office costs
Audit fees
5,717
126.727
10,821
14,577
10,672
14,621
3,507
5,717
126,727
10.821
14,577
10,672
14,621
3,507
4,224
3,666
99,488
10,619
10,852
21,321
15,144
4,760
3,666
99,488
10.619
10,852
21,321
15,144
4,760
4,155
4,224
4,155
186.642
4,224
190,866
165,820
4,155
169,975
Analysed between
Charilable activities
186.642
4,224
190,866
165,820
4,155
169,975
8. Net Movement in Funds
Net movement in funds is stated after chargingllcreditingl
2021
2020
Fees payable to the compan￿5 auditor for the audit of the
company's financial statements
Depreciation of ()wned tangible fixed assets
4,244
4,155
33,187
20,484
9. Auditors Remuneratlon
2021
2020
Audit fees
4,244
4.155
The auditorfs fee relates wholly to the cost of the audit. No other services are provided by the auditor.
24

Stroud & District Homes Foundation Limited
Notes to the Financial Statements (continued)
For the Year Ended 30 September 2021
10. Staff C05tS
2021
2020
Gr05s salary costs
Employerfs national insurance contributions
Employerfs pension contributions
Total salary costs
1,096,932
65,724
18,611
1.181,267
1.039,422
64,212
18.436
1,122,070
The average number of persons paid pei month by the company during the year was 6112020: 561. A
number of staff worked part time or irregular hours.
There were no employees whose annual remuneration was £60,C¥JO or mo￿{2020.. none).
The staff costs did not include the costs of aBency workers used durlng the year. There were £119,821
of agency costs this year12020- £62,5501.
11. Net Gains/Losses on Investment5
2021
2020
Revaluatitsn of investment5
Gain/llossl on sale of investments
163.793
16,380
180,173
25.465
17.8661
17,599
12. Tangible Fixed Assets
Equipment Fumiture &
rixtures
Vehicles
Totsl
Cost
At l Oct 2020
Additions
Disposals
At 305ept2021
34.913
9,009
73,660
51,136
47,804
156,377
60.145
43,922
124,796
47,804
216,522
Depreciation
At l Oct 2020
Charge for the year
Disposa15
At 30Sept2021
22.907
5,717
39,390
18,360
18,850
9,110
81,147
33.187
28,624
57,750
27,960
114,334
Net Book Value at 30 Sept 2020
12.006
34.270
28.954
75,230
Net Book Value at 30 Sept 2021
15,298
67,046
19.844
102,188
All the charity's assets are used ftsr charitable purpose5.
25

Stroud & District Homes Foundation Limited
Notes to the Financial Statements (continued)
For the Year Ended 30 September 2021
13. Fixed Asset Investments
Listed
investment5
Cash In
portFolio
Total
Cost or valuation
At l October 2020
Addltions
Disposals
Valuation changes
957,181
148,976
1140,3191
163,793
7,886
13,421
965,067
162.397
1140,3191
163,793
At 30 September 2021
1,129,631
21,307
1,150,938
Carrying amount
At 30 September 2021
1,129,631
21,307
1.150,938
At 30 September 2020
957.181
7.886
965,067
Digby A550ciates manage the investment portfolio on behalf of the Trustees. The investment income
from the portfolio is re-invested.
14. Flnanclal Instruments
Carrying amounts of financial assets
2021
2020
Instruments measured at fair value through profit or loss
Concessionary loans measured at cost less impairment
1.129,631
532,246
957,181
454,492
Further information is provided in the Accounting Policies and the Concessionary Loans note.
15. Debtors
2021
2020
Trade debtors
Prepayments
Accrued income
Amourits due from Stroud & District Mencap Society
other debtors
157,238
18,782
6.954
532,246
109.449
26,075
25.928
454,492
715,220
615.944
Included withln debtors are amounts due within greater than one year of £472,24612020'. £394,492).
26

Stroud & District Homes Foundation Limited
Notes to the Financial Statements (continued)
For the Year Ended 30 September 2021
16. Bank Balances
2021
2020
Interest Bearing Dep051t Accounts
Other Accounts
225.029
111,145
336,174
225,016
100,192
325,208
17. Creditors
2021
2020
Other taxation and social security
Trade creditors
Other creditors
Atcruals
20,164
28.066
1,257
40.060
89,547
16,524
13,294
28,627
20,102
78,187
18. Unrestrirted Funds
Revaluatio
ns gain5
and10$5e5
At
30 Sept 2021
At
l Od 2020
Incoming
Resources
Outgoing
Resources
General Fund
Designated Fund
1,406,833
500,000
1.906,833
1,801,765
1,672,329
180,173
1,716.442
500,000
2,216,442
1,801,765
1,672,329
180,173
Revaluatio
ns galn5
nd losses
At
30 Sept 2020
At
lort 2019
Incoming
Resour¢es
Outgolng
Resources
General Fund
Designated Fund
1,264,811
500,000
1,764,811
1.646.936
1,522.513
17.599
1,406,833
500,000
1,906.833
1.646.936
1,522,513
17,599
27

Stroud & District Homes Foundation Limited
Notes to the Financial Statements (continued)
For the Year Ended 30 September 2021
19. Analysis of Net Assets Between Funds
Fund balances at 30 September 2021 are represented by..
General
Fund5
Designated
Fund
Restricted
Funds
Total
Funds
Tangible Fixed Assets
Fiyed Asset Investments
Cash at Bank and in hand
Other net asset5
102,188
650,939
337,642
625,673
1.716,442
102,188
1,150,939
337,642
625.673
2.216,442
5(K),000
500.000
Fund balances at 30 September 2020 3re representeij by..
General
Funds
Designated
Fund
Restricted
Funds
Total
Funds
Tangible Fixed A55et5
Fixed A55et Investments
Cash at Bank and in hand
Other net assets
75,230
465.067
327,181
539.355
1,406,833
75,230
965,067
327,181
539,355
1,906,833
so0,￿0
500,000
20. Concessionary Loans
The charity has provided an interest free loan to Stroud & District Mencap Society of £196,213
12020.. £229,469) to enable the purchèse of 17 Brimley IS3dler51 and £336,03312020'. £198,2791
for the Èxtension and ￿fUrbishMenI of Sadlers (completed Jan 20211. Thhs is being repaid at
£S.000 per month with £60,000 incltjded within debtor5 falling due within one year and £472,246
included within debtors falling due in Ereaterthan one year. All additional works specific to service
users were paid for by the charity and are capitalised as fixed assets where appropriate.
The Society is connected to the charity by virtue of having Trustees in common and is also the
landlord of the properties ihat the charittys Se￿iCe user5 live in. The interest free loan enables
Stroud and District Mencap Society to purchase the properties. which is considered to be mutually
beneficial in allowing both charities to fulfil their charitable objectives.
21. Financial Commltments, Guarantees and Contingent Liabilities
The charitable company ha5 an informal agreement with Stroud and District Mencap Society to
lease the properties in which the services users reside. Rentals totalling £123,257 were charged
in ihe year 12020.. £92,596). The charitable company has no other financial commitments,
guarantees or contingent liabilities12020- £nill.
28

Stroud & District Homes Foundation Limlted
Notes to the Financial Statements (continued)
For the Year Ended 30 September 2021
22. Transartlons with Trustees and Connected Persons
During the year consultancy services totalling £5,10012020- £7,ocK)I were provided by lan Salter
who was appointed to the board of Trustee5 on 13 August 2018. At 30 September 2021 there was
£5,ICQ due to lan Salter12020- £2,600)
No other payments were made toTrustees, committee members or persons connected with them
except by way of Teimbursement of expenditure incurred on behalf of the company.
At 30 September 2021, of the 33 people then resident in the homes 2 were farn1￿ member5 of
embers of the Board12020.. 2 out of 311. The financial arrangements for these residents are
identical to those available to the general public.
23. Related Party transactions
In addition to the loan balance5 above, at 30 September 2021 there was an amount due from
Stroud and District Mencap Society included within trade debtors of £48212020.. £nill.
24. Cash Generated from Operations
2021
2020
Surplus/ldefi£itl for the year
309.609
142,022
Adjustments for=
Investment income recognised in statement ot financial
activitles
Fair value gains and losses on investments
Gains on disposal of investments
Depreciation and impairment of tangible fixed assets
117,9261
1163,7931
116,3801
33.187
117,6641
125,4651
7.866
20,484
Movements in working capital..
Decrease/lincreasel in stocks
Decrease/lincreasel in debtors
(Decreasellincrease in creditors
1,598
199,2661
11.360
1194,5431
17,464
Cash generated from operations
58,389
149,8361
25. Analysis of changes In net funds
The charity had no debt during the year.
29

Stroud & District Homes Foundation Limited
Notes to the Financial Statements (continued)
For the Year Ended 30 September 2021
Supplementary Information
Detailed Income and Expendlture
For the Year Ended 30 September 2021
2021
2020
Unrestricted Funds
Income
Services lo those in residential care
Services to those in supported
accommodation
Amounts recovered for transport provided
other expenditure recovered
Covid support grants
411,346
1,723,998
1.122,408
11,973
1,672
42,521
11,488
12
82,514
1,780,164
1,627,768
Holiday Allowances to residents
101
101
101
1,780,164
101
1,627,768
Grants
Donations received
Fundraising
Legacy
Bank interest
Other income
3,675
1,504
17.926
17,664
21.601
1,801,765
19,168
1.646.936
Resources available
Expenditure Incurred
Excess of income over e)tpenditure for the
year
11,672,329}
{1,522,5131
129.436
124.4Z3
Restrirted Funds
Balance Brought Forward
Transfer to unrestricted funds
Balance Carried Forward
This page does not form part of the statutory accounts
30

Supplementary Information
Unrestricted Detailed Income and Expenditure
For the Year Ended 30 September 2021
2021
Unrestricted Funds
Expenditure
Care and support costs
Staff 5alaries- care
Staff salaries- support
Agency Staff
Staff training
Staff recruiiment
Staff refreshments
2020
355,494
640,961
62,550
4,347
1,688
1,088
1,023,168
119,821
5,131
2,776
905
Sub-total
1.151,801
1,066,128
Pro￿rtY costs
Rent charge
Maintenance
Insurance
Council tax
Refuse colleclion
Homes and Garden maintenance
Garden
Vet bills
Furniture & fixtures depreciation
Sub-total
123,257
41,736
16,143
7,193
3,925
31,372
2,86S
92.596
34,082
12,012
7,136
3.758
26.127
2,054
18,359
10,843
244.850
188,608
Food & Household expenses
Food
Water
Electricity & fuel
Telephone
Health & Hygiene
TV Licensing
Sundry expenses
13,504
11,5101
31,682
4,392
19,696
934
65
5,893
31,695
5.256
15,542
1,106
33
Sub-total
59.525
68,763
Administration ¢osts
Staff salaries
Staff training
Recruitment advertising
Council tax
Electriclty
Office supplies
office telephone & IT Support
Legal & other professional
Storage
Registration
Subscriptions
Office equipment < £500
Office equipment depreciation
Website development
office Cleaning
Sundry expenses
126,727
55
99,488
43
518
522
10,821
13,851
10.672
2,519
10,619
10,492
21,321
2,519
1,632
48
213
5,717
726
198
14,621
3.666
360
15,114
sub.total
186,642
This page does not forni part of the statutory accounts
165.820
31

Supplementary Information Icontinuedl
Unrestricted Detailed Income and Expenditure
For the Year Ended 30 September 2021
2021
2020
Transport costs
Vehicle (hire. repairs. rnaintenance.
insurante, fuel)
Vehicle depreciation
Other transport costs
14.590
21.181
9,111
50
5,975
16
Sub-total
23,751
27,172
Resldents expenses
Cash advances
Social Education & Outings
Activitie5
Presents
250
1,617
1,536
Sub-total
1,536
1,668,1051
1,867
1,518,358
Charitable Activities
Fundraising Empenses
Audit Fees
Total Homes Expenditure
4,224
1,672,329
4,155
1,522,513
This page does not form part of the statutory accounts
32