Stroud & District homes foundation Annual Report and Financial Statements forthe yoarended 30 September 2023 Charlty Number: 1084255 Company Number: 4072703
Stroud & Dislrlct Homes Foundation Ltd Index Page no Trustee's Report Auditor's Report 9-11 Statement of Financial Activities 12 Balance Sheet 13 Statement ofCa5h Flows 14 Notes lo the Financial Statements 15-27 Supplèmentary Information.. Detailed Income and Expenditure Account 28-30
Stroud and Distrlct Homes Foundation Limited Trustees. Report Forthe year ended 30 September 2023 Adminlstrative Infomiatlon Name: Stroud and District Homes Foundation Limited Charlty Nurnbgr: 1084255 Company Number: 4072703 Registered Addre$$: Barn Lodge, Lovedays Mead. Folly Lane. Slroud, Gloucestershire. GL5 1SB Trustges (who are also the Direclorsl The following have served throughout the year. lan Salter Rosemary Gadd Carol Gilbert Richard Stone Andrew Mirkovic David Drew Charles Townley Jennie Trotman Audltor Wenn Townsend, 5 Gosdilch Street, Cirencesler Glouceslershire. GL7 2AG Bankers Lloyds Bank, Rowcroft, Slroud. Gloucestershire. GL5 3BD Flnancial Advisors Digby Associates, 57 Queen Square, Bristol. BS14LF Senior Stsff Group Manager Finan & Administration Manager Setvice Manager Deputy Servi¢e Manager Tracey Betterton Kate Creed James Bealing Charlotte Cole
Stroud and District Homes Foundatlon Llmited Trustees, Report {contlnuedl For the year ended 30 September 2023 Structure. Govemance and Management The company is incorporated as a private limited company limited by guarantee. Its Conslituts'on is set out in its Memorandum and Articles of Association which is filed at Companies House. The liability of members is limited. Eaoh member has undertaken lo 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 sets the policies and appoints the Senior Management team who are responsible for the day to day management of the company's aclivilies. The Board is elected al the Annual General Meeting and all Trustees are briefed on their responsibilities as Trustees prior to their acceptance of the role. The board aims lo have quarterly meetings and major decisions affecting the charity are passed on 8 majority vole of those present. The management accounts preparation is undertaken by an experienced in-house staff member and the accounts are presented al the board meets'ng. The Trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. The Board sets the policies and appoints the Senior Management team who are responsible for the day-to-day management of the company's activities 2023 has continued lo be a year that has challenged notjusl Slroud Homes Foundation and the social care sector, but the country as a whole. The proposed direction and post pandemic aspirations for the organisations set al the close of 2022 was continually affected by events around the world and Continues to do so. Staff vacancies and recruitment across the organisation has dominated the year for Stroud Homes. Our recruitrnenl efforts at the beginning of the year resulted in limited sUc$S. a situation fell keenly across social care. Due to filling service user vacancies and the need for additional staffing for higher care packages, we struggled to fully recruit lo the levels and hours required across the organisalion. We experienced an Increased use of agency staff, and whilst unsatisfactory this was unavoidable. We worked closely with Care Agencies lo achieve the best rates possible for agency staff cover and tried wherever lo block book specific staff for individual services to ensure service user familiarity. experience and knowledge. Despite every effort for continuity, we experienced difficulties in agency staff attendance, punctuality and commitment, which. when exacerbated by real problems in recruitrnent generally. and a reluctance from our own staff to work flexibly and pick up additional hours to meet the needs of the organisab'on, meant we sought allernalive sources of recruitment. After a number of good overseas workers approached us for employment. we were prompted to look al ways of being able lo offer them perrnanenl posts and the need to comply with overseas recruitment legislation. Further recommendatr"on5 from other lo¢al providers with support from GCPA, the senior management team applied for UKBA sponsorship licences for skilled overseas workets. The result of this has been lo achieve a full complement of permanent staff with early signs of their skills, flexibility and attitude having a very posttive impact on service users and the organisalion. We have learned a great deal thioughout the process, teething issues such as the availability of accommodation and use of public transport for the overseas workers, and the quantity of new staff starting at the same time as well as supporting new service users has presented some difficulties and we continue to work throltgh these and learn from them. It is important that we now build on the sense of team amongst all the staff, developing awareness of roles and expertise in the type of services we provide and reaffirming the organisation's values and ethos. I would like for the Board to acknowledge the efforts and creativity from the management team in ensuring that the recruitment process was undertaken and Completed professionally, representing the organisation
Stroud and District Homes Foundatlon Llmited Trustees, Report l¢ontinuedl For the year ended 30 September 2023 pwtively throughout and achieving a seemingly unachievable goal of being fully staffed. In response lo feedback gathered during the staff consultations in 2022, the management team reconfigured the senior carer roles making them all permanent positions, with one day management time alongside a wage increase. To encourage them being a more integr81 part of the management team, their supervisory responsibilities were supported by fomial training, with excellent guidance from Charlotte who has worked diligently lo ensure the seniors have received the support they need. Due to the size and complexity of Huddlestone and Sadlers, a full ts'me manager has been appointed and a senior supports each shift within the homes throughout the day. Demands on the management team regarding the introduction of new service users and the pressures of recruitment have resulted in the full implementstion of the Care Management System being significantly delayed. Tracey. in partnership with Charlie are in the process of introducing and developing the system across all services. We startecs the year with 8 service user vacancies across the organisation which we have been steadiw filling. It has been a pleasure meeting the needs of so many local people, helping families in crisis and changes in need. We also have our first sel of siblings, brolheis now living al Cotswold Court, and our first sharing couple al The Gables. 11 feels like the organisalion has returned to ils roots, with the capacity and capabilty now lo meet a far wider range of needs, supporting people who have been kn(Iwn to us for many years but whose needs have changed due lo issues such as demenlia and family circumslantss. We continue to enjoy positive relationships with the pla¢ing aulhortties, and receive excellent feedback about the quality of our services and environments. However it remains a challenge with GCC continually looking to reduce hours and wanting lo avoid paying complex needs otes for complex service users. This process demands thorough 8nd comprehensive assessments in order lo fully understsnd the needs of individuals and inform the negotiations that ensue with GCC, and is often time consuming and ch2llenging. Tracey works hard lo gain trust with families and commissioners to achieve the best outcomes for all. despite being further challenged by information being withheld or underplayed, which can jeopardise placements made in good faith. CLDT remain very active and supportive within the organisation and are an integral part of the seNice provided lo our service users. We do however, work hard at maintaining realistic expectations with them about the time and support available lo individuals on very small packages of care. James has nurtured strong working relationships with all involved. CLDT professKinals and families, and continues to be highly regarded by all concerned. Communication with CQC has remained good, with any issues or concerns reported and shared openly. No inspections have been undertaken and we are aware that there are likely lo be some proposed changes which will need our attention and leadership next year to ensure we are prepared for an inspection and fully compliant. The planning meetings with Stroud Mencap continue to be a success with representation from both committees meeting regularly. We have focussed on planning and priorilising work on the properties for the future now that legal issues have been reS0ed. Projects this year include a beautiful rear garden al Cotswold Court, patio area al the front of The Gables and a new sensory room al Leonard Stanley. Under Kale's direction, the maintenance team work hard lo maintain high standards in the environments that both service users and staff benefit from and enjoy. Despite funding pressures, service user vacancies and high agency costs. Kate has continued to expertly manage the fi'nances and advocates continually for service user environments and implementing the Real Living Wage for employees. We have worked in partnership with Sevem Wye looking at environmental and energy efficiency within the
stroud and District Homes Foundation Limited Trustees, Report (continued) For the year ended 30 September 2023 organisalion, basing future operational decisions on their initial review. This will lead lo more environmentally conscious working practices and run across the organisalion with George taking the lead. The holiday Lodge adaptations were Completed earfy in the year to improve accessibility, and a number of service users and staff have been able to enjoy the amenities. What we have discovered, which has proved restrictive, is the cost of staffing for individuals tr) use the facility regularly, particulady those with small care packages and low levels of savings or funds. To ensure as many people as possible benefit from it, we are looking into ways of supporting individuals with some sort of grant, set up and managed by the organisations. I believ8 we have experienced a year dogged by the same challenges and distractions as so many other organisatigns. Recruitment and retention issues have placed a huge demand on the service and this has diverted time. attention and resources from other areas. Some goals set in 2022 have been difficult lo achieve but now we are in the fortunate position of being fully staffed we can focus on areas of the organisation that need to be strengthened and work towards re-eslablishing the essen¢e of Stroud and District Homes and the qualities that makes us unique. The bgard continues to be grateful to the management team for their commitment, llexibility and perseverance, often in the face of adversity, and I would like to personally thank the Board for their support, guidance and expertise. Objectives and Activities In accordance with the Articles of Association the object$ of the company are to provide for the relief of adults with learning difficulties by providing residenb'al. respite and day care. In achieving these objectives the company operated two Residential Care Homes registered under the Health and Social Care Act 2008 (Regulations 20101 and four homes providing Supported Living accommodation for adults with learning disabilities. In total the company can provide care and support for 39 adults. Our mission statement is.. To work together with people with Learning Disabilities to provide high quality Care and support seNices to help people achieve theirfull potential, By mutual agreement there is an informal 99-year lease with Slroud and District Mencap society- "with permitted use as a residential or non- residential institution of care. treatment and education of mental handicapped people" It is under this Informal Lease Agreemenl that Slroud and District Homes Foundation Limited provides day-to-day care and support in residential and lenancies for up to 39 people with a learning disability. The lease requires that Slroud & District Homes Foundation Limited maintain all properties lo a good standard, covering all repairs and always providing adequate insurance cover. The Charty have provlded an interest free loan to Stroud & District Mencap Society which is currentty being repaid at £7,500 per month with £28.713 included within debtors falling due within one year and £337,346 included within deblors falling due in grealer than one year. (The minimum payment agreed is £5.000 per month). The Public 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 oftheir local wmmunities as much as po$sible. This has been at times challenging due to the lock downs during Covid, we have found that some service users have lost confidence. and some have increased anxiety about reintegrating back into the community.
Stroud and District Homes Foundation Limited Trustees. Rèport (continued} Forthe year ended 30 Septernber 2023 Covid pandemic- year 2022-23 was easy to manage as there were less government reslriclions and changing guidance on how to manage outbreaks. visiting. lesling etc. SDHFL decided to maintain Covid pay for staff. All our seNice users have been vaccinated in line with the national guidance. Pressures have been removed from staff in regard lo getting vaccinated. however we still encourage this. We have also worked hard al 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 and guidance bul also dealing with the impact this has had on the service users. Staff still are required to isolate if they have tested positive. They can relum to work after the 6th day of testing if they have a negative result, service users are advised lo isolate in their rooms where appropriate. Our ServIS continue to be caring, homely and SUPF)Ortive environments where individual's rights, personal choices and individuality are valued unconditionally. Whilst reviewing aims & objectives and in the planning of future activities the trustees have given consideration to the Charities Commission published guKlance on the operation of the public benefit requirement. By the end of the financial year, Barn Lodge, Stone haven, Cotswold Court and Gables was up to full capacity Cotswold Grange and Huddleslone each had one vacant room. Sadlers also had one vacant room, but all hornes continue to meet the setvice users, needs effectively. We continue to work in partnership with GCC to fill the vacancies in all the homes in the near future. coc We have had no face-to-face inspections this year, although they have been in contact in regard lo completing aPIR GCC reassessments No reassessments. Quality Gloucestershire Voices completed Quality audits at Sadlers. We continue to meet our statutory obligations under the Health and Social Care Act 2008 (regulations 2010}, to the Care Quality Commission and the Local Authority. Personnel The top tier of the senior management is Group ManagerlRegistered Manager {Supported Livlng SeNicel 8 Service Manager and Deputy Managers. Recruitment and retention have been at a low in the last year, although we had a surge in recruitment during the worst b'me of covid this has now reduced again. We know that this is a county wide problem in the sector. SDHF continues lo 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.. - testing, the use of block booking as appiopriate to ensure that workers committed to only working for us and no other provider where possible. SDHF applied ft)r and was granted a sponsorship licence in August 23, which has meant that recruitment
Stroud and Distrlct Homes Foundation Limited Trustees, Report {continuedl For the year ended 30 September 2023 challenges have completely been negated and the next financial year should show an improvement in staffing and therefore to our service provision and consistency for our service users .Plans for the Future 1. Work Iow8rds filling our vacant rooms. 2. To continue to work on our recruitment and retention and seek sponsorship candidates lo fill our staffing voids as appropriate 3. Ensure all homes are cost effective and not running at a loss and to ensure sustainability for the future. 4. To continue lo monitor and review the potential impact to individual service users whewe possible. Control measures for risk management have been implemented by the organisation (based on individual support plans) to ensure that service users are not being pul at unnecessary risk from harm or abuse due lo redUd support provision. These will be monitored and reviewed regularly and effective lines of communication will be maintained with other professionals (such as Local Authority and Health professionals) lo ensure collectively that Servi users, needs are teing met and that they are as safe as reasonably practicable. 5. To continue to fvlly support Service users and their families when there is a Covid outbreak Financial Review and Reseyves Pollcy InGome Stroud and District Homes Foundation received funding from a variety of sources during the financial year but the rnajority of funding was derived from contracts with the Local AulhoTity for the care and support of the service users., together with the housing benefit received from Slroud District Council this accounted ft)r 95° of the total income received from charitable activilies12022.' 94°/01. The income from those in supported living increased by 17% One room al Huddleslone remained vacant all year. One room al Cotswold Grange has been vacant all year. One room at The Gables was vacant until April 2023. Two rooms al Cotswold Court were vacant until June 2023. There have been two vacant rooms at Sadlers11 filled April 23 & one filled September 2023). There was one vacancy at Stone Haven filled from Feb 23. GCC agreed an uplift of 6.83¥0 from April 2023 Two Support Grants were receNed from GCC which account for 1.5% of the income. The first al the end of September 2023 was used lo give stsff a bonus in October 2023. The second grant has been ringfenced for teambuilding days next financial year. All service users contributed towards the costs of running the vehicles. This is recharged based on the number of miles travelled in the company vehicles and invoiced on a monthly basis. This does not fully cover the cost of the vehicles, and these are currently subsidised by charity reserves Household charges were recovered from service users in supported living at £33.50 per week {increasing to £35 from April 231 towards the cost of utilities and this was included within income from charitable activities. Expenses The following projects were undertaken in the year Hall stairs & landing carpel at Barn Lodge Service user room refurbishment Barn Lodge Hall stairs & landing & carpet at Stone Haven
Stroud and District Homes Foundation Limited Trustees. Report (continued) For the year ended 30 September 2023 Service user room refurbishment at Cotswold Grange Fire door works at Cotswold Grange Cotswold Grange & Cotswold Court garden landscaping Cotswold Grange & Cotswold Court bin store Gables door dosers Gables Hallway & fboring Gables Lighting upgrades Huddlestone- enlarge the 4th bedroom to facilitate filling it Holiday Lodge bathroom alterations th the exception of the governance costs of £6.035 all costs were derived from charitable activities and increased by 190/0 against the previous year from £1,991,92110 £2.371,207. The average number of employees paid in the year was 68 and salary costs increased by 18Yo. A considerable amount of agency staff were used totalling £370,215. Like many organisalions in the sector recruitment and retention of staff has been a challenge however in July we applied for a skilled worker sponsorship licence 50 this should improve next financial year. Risk management Internal Gontrol risks are minimised by the implementation of procedures. Procedures are in place to ensure compliance with Health and Safety for staff and service users. Control measures for risk management have been implemented by the organisation (based on individual support plans) lo ensure that Servi users are not being pul at unnecessary risk from harm 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 (such as Local Authority and Health professionals) to ensure collectively that service users, needs are being mel and that they are as safe as reasonably practicable. Reserves Policy The Board endeavour to relain six months running costs in hand to provide against any ffnancial risks the charty may be exposed lo. The major financial risk faced by the organisalion Is the reduction in fvnding by the Local Authority. This would have a detrimentsl effect on the services that we provide. Nevertheless we continue to challenge cuts in funding and ensure that the service userfs best interests are at the heart of our provision. The charity Gurrentty holds £500.000 as designated funds towards the future development of the service. Investment Policy Surplus 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. Funds over and above this are invested to produce mixture of capital growth and income from low risk investments. The opening value of the investment portfolio of £1,109,329 on 01 October 2022 compares wth the closing value of the portfolio on 30 September 2023 of £872,547.
Stroud and District Homes Foundatlon Llmited Trustees, Report {continuedl For the year ended 30 September 2023 statement of Trustees, Responsibility The trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Actspted Accounting Practice). The law applicable to charities in England and Wales requires the trustees lo prepare financial statements for each financial year which give a true and fair view of the slate of affairs of the charity and of the incoming resources and application of resourGes of the charity for that year. In preparing these financial slalements, the trustees are required to.. select suitable accounting policies and then apply them consistently., observe the methods and principles in the Charities SORP., make jLtdgemenls and estimates that a asOnable ar¢d prudent., state whether applicable accounting standards have been followed, subject lo any material departures disclosed and explained in the financial ststemenls.. and prepare the financial stalemenls on the going concern basis unless il is inappropriate to presume that the Charity will continue in operation. The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy al any time the financial position of the charity and enable them lo ensure that the financial statements comply with the Charrties Act 2011. the Charity (Accounts and Reports} Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the preventSon and detection of fraud and other Statement as to the Oisclosurg of Information to Auditors Each of the trustees has confirmed that there is no information of which they are aware which is relevant lo the audit, bul of which the auditor is unaware. They have further confirmed that they have taken appropriate steps lo identify such relevant information and lo establish that the auditor is aware of such information. Auditors The auditors. Wenn Townsend will be proposed for re-appointment at the forthcoming Annual General Meeting. Conclusion The whole Board and a number of other friends provide considerable lime and a range of skills and services on an entirely voluntary basis. Without this the company would not be able to function properly. The Board will conts'nue lo use its best endeavours lo improve the quality of life of those who live with us and will devote the resources available to providing them with the best possible seNice. This report has been prepared in accordan with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. By order of the Board lan Salter IChairl..........................- Date S June 2024
stroud & Distri¢t Homes Foundation Limlted Report ofthe Independent Audltors to the Members of Stroud & District Homes Foundation Limited Forthe year ended 30 September 2023 Opinion We have audited the financial stslements of Stroud and District Homes Foundation Limited Ithe'charity'l for the year ended 30 September 2023 which comprise the statement of financial activities, the balance sheet, the ststement of cash flows and the notes lo the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Stsndards, including FRS 102 The Financial ReportSng Stsndard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting PraclKel. In our opinion, the financial statements-. give a true and fair VFew of the stale of the charitable company's affairs as at 30 September 2023and 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 Practice,. and have been prepaied in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our re5ponsibililies 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 Ethical Standard, and we have fulfilled our other elhical 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. Condusions relatlng togoing con¢em In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or Conditions that, individually pr collectivety, may cast significant doubt on the charty's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to golng concern are described in the relevant sections of this report. other infomiatlon The other information comprises the information included in the annual report other than the financial statements and our audilorfs 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 express any form of assurance conclusion thereon. Our responsibility is to read the other information and. in doing so, consider whether the other inlormalion is materially inconsistent with the fi'nancial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify suGh material inconsistencies or apparent material misstatements, we are required to determine whether this gives rlse to a material misstatement in the financial statements themselves. If, based on the work we have perfoimed, we conclude that there is a material misstalemenl of this other information. we are required to report that fact. We have nothing to report in this regard.
Stroud & District Homes Foundation Limited Report ofthe Independent Auditors to the Members of Stroud & Dlstrict Horne$ Foundat¥)n Limited Forthe year ended 30 September 2023 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 IAccounts and Reports) 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 Irustees, report.. or sufficient accounting records have not been kept,. or the financial statements are not in agreement with the accounting records,. or we have not received all the information and explanations we require for our audit. Respon$ibilltlesof trustses A5 explained more fulty in the statement of trustees, responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from mateiial misstatement, whether due to fraud or error. In preparing the financial statement5, the trustees are responsible for assessing the charity's ability lo continue as a going concern, disclosing, as applicable, matters related lo going concern and using the going concern basis of accounting unless the Iruslees either intend lo liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Auditor's responsibilities for the audlt of the flnancial statements We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error. and to issue an audilols report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS {UKI will always delecl a material misstalemenl when it exists. Misstalemenls can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonabty be expected to influence the eeonomic decis*)ns of users tsken on the basis of these financial statements. A further description of our responsibilities is available on the Financial Reporting Council's website at= https'./lwww.frc.org.uklauditorsresponsibilities. This description forms part of our audito$ report. Extent to whith the audSt was considorod capable of detecting irregularities. including fraud Irregularities. including fraud, are instances of non-compliance wilh laws and regulation5. We design 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, ils actfvities, its control environment, and likely futu developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding. we identify and assess the risks 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 basis for our opinion. This includes consideralion of the risk of acts by the entity that were ¢ontrary lo applicable laws and regulations. including fraud. 10
Stroud & DistrletHomes Foundation Llmltèd R•portof the Ind¥pandgnlAudltors to tha Mgmbgrs of Stroud & Dlstrfcl Homes Foundatlon Limlted Forthe y9arended 30Septsmber 2023 In r¢$pon8e to 1118 r(gt( of 1tr9gularftle8 and non-compjlance wlth laws and reuulgllon¥, in¢ludlng fraud. we doslgned procedurgs whlch IndudÈd: Enqulry of management and Ihosg charoed wllh governanr around actual and pot8nUal Illlg8llon and elalms as well 88 actual, 8uspeeted and alleged fraud., Revlewlng mlnuto8 of meetinos of those charged wllh governan¢e' Ass6991ng thè extent ofcomplian¢e wllh the laws and règulatlons considered to have M dlroct metorlal ffaot on U)a Ilnanclal stalernent8 or tho operatlons of Ihg onlity Ihmugh enqulry and Inspection., Revlawlng fln919181aternenI dlsdosures andtesllng lo auppo.ng docurnentation lo assess ¢omplSanea wllh appllcablg laws and rOgallOn8', Performlng audit work over the rfsk ol managemonl bias and overrlde of Controls, Includlng tssling of journal entries ad other 8dluslm8nts for Bppmprlatene5s. evalu815ng th8 bu$ing8s ralltsnx18 Df slgnlflcant Iransactlons Oiltsidg th$ normal cours& of bustness and revlewlng 8¢wunling 05tlmates for indicators of potentlal blas. 8ecaiise of the inherent Ilmitsllons ol an audlt, there Is a rlsk that we wlll not d9t¢cl 811 Irrogularille8. Including those l@&ding to a malerfal mlsslatemenl In the Ilnanclal 51alem8nls or non4ompllanco wlth r6gulalion. Thls rlsk Increases the morg that cornpllance th a law or rggulallon 19 rwnoved from the events and transacllons r8fteclèd In thè Ilnancial sialgments, as Wt wlll bo18s3 Ilk8ly lo bgcome aware of Inslances of non.comp15ancg. The rlsk of not dgtecling a maler181 misstatement reBulllng from Ir¥ud15 hlghgr than lor Dng resultlng from error. as traud May Involve Collusion, for9ery, Inl8nNonal om15s1on$. m18represent8Uons, or the ovorrlde of Infemaj control. Usg of our r8POrt Thls report 55 made soletytotha chartvs Ir¢Jsta6s, as a body. In acc4)rdance with part4 of th Charlll•s (Accounts and Reports) RegulaJon$ 2008. Our audll work has bggn und8rt3ken so that w• mlgjit stal& to the chqr51y's Irustges thos8 m8tt8rs we 8re requlrgd to stalo to thom In an audjtors, raport and for no other purpose. To thè full¥st 8xlenl pèmltted by law, we do not accept w assum8 r8spon5ibllFty to anyone oth8r Ihan thg charlly and Ihts tharltWs tru5te69 8$ a body. lor our 8udlt work, fr)r thls report. oi for the oplnions we have forrned. Wenn Town$gnd Gosdltch Hou$8 5 Gosdll¢h Slrget Clrenco$tgr GLY2AG Wenn Towns8nd Is ellglble to act as an oudltor kn temis ofsecllon 1212 of the Companies Act 2006. G*& fv-L
Stroud and District Homes Foundatlon statement of Financial Actlvltles for the year ended 30 September 2023 {ineorporating the Income and Expenditure Accounll Unrestrlctsd Restrlcted Funds Funds Total Funds Total Funds Notes 2023 2023 2023 2022 Income from: Donations & legacies 4,351 4,351 2.075 Charitable activities 2.237,347 2,237,347 1,943,531 Investment income Total Incoming Resources 56,361 2 298 059 56.361 2 298 059 18,490 1964 096 Resources Expended Charitable activities 2,377,242 2,377,242 2,377,242 2.377.242 1,998,275 1.998.275 Total Resources Expended Net incoming resources betore transfers {79.183} {79,183} 134.179} Gross transfers beeeTr funds Net incoming resources before other recognised gains and losses other recognised gains (79,1831 {79,183} {34,1791 Nel gainsl{losses) on investments 11 54,69J 54,690 {149.8181 Net movement in funds 124,493) (24.4931 1183,9971 Balance al 30 September 2022 2,032,445 2,032,445 2,216,442 Total funds carried fonvard 18 2,007.952 2,007,952 2,032.445 The statement of financi81 activities includes all gains and losses recognised during the year. All incoming resources expended derive from continuing activities. 12
Stroud and District Homes Foundation Balance Sheet as at 30 September 2023 Notes 2023 2022 Fixed Assets Tangible assets Investments 12 13 436,040 872.547 130,373 1,009,329 1,308.587 1.139.702 Current Assets Debtors.. amounts falling due within one year Debtors.. amounts falling due after more than one year Cash at bank and in hand 15 326,516 310,625 15 16 337,346 167.371 366.059 391,579 831.233 1,068,263 Current Liabllities Creditors.. amounts falling due within one year 17 1131,868) 1175,520) Net CurrentAssets 699,365 892,743 Total Fund$ 2,007.952 2,032,445 Accumulated ReseThes Unrestricted Income Funds General Designated 18 1,507,952 500,000 1,532.445 500,000 18 2,007,952 2,032.445 Total Funds 2.007,952 2,032,445 The Company is entitled to the exemption from the audit requirement contained in section 477 of Ihe Companies Act 2006, for the year ended 30 September 2023, although an audit has been carrd out under section 144 of the Charities Act 2011. The directors acknowledge their responsibilities for complying with the requiremenls of the Companies Act 2006 with respect lo accounting records and the preparation offinancial stalemenls. The members have not required the company to obtain an audrt of its financial statements under Ihe requirements of the Companies Act 2006, for the year in question in accordance with section 476. These financial statements have been prepared in accordance with the provisions applicable lo companies subject to the small companies regime. The financial statements were approved by the Trustees on 5 June 2024 and signed on their behalf by.. l_s_K¥.c I Salter 13
Stroud & District Homes Foundation Limited statement of Cash Flows For the Year Ended 30 September 2023 2023 2022 Notes Cash flows frorn operating activitles Cash generated froml{absorbed by) Operations Investing activities Purchase of tangible fixed assets Purchase of investments Proceeds on disposal of investments Proceeds from sale of fixed assets Investment income received 24 {68,6251 104,839 1366,8161 {170,4961 148,866 6,617 17,202 161.1841 176,018} 266,268 18,490 Net cash used in Investing activitigs {364,627} 145,556 Net cash used in financing aetivltles Net decrease in cash and cash equivalents 1432,882) 250,395 Cash and cash equivalents at beginning of year {Investmentllwithdraw of portfolio cash movements 391,579 208,674 337,642 {196,4581 167.371 391,579 Cash and cash equivalents atend of year 14
Stroud and District Homes Foundation Limited Notes to the Finanelal Statements For the Year Ended 30 September 2023 1. Accounting Pollcles Basis of Preparation of financial statements The financial statements have been prepared in accordance with the charity's governing doc¢Jment, the Companies Act 2006 and. "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS1021 {effectwe 1 January 20191" The charity is a Public Benefit Entity as defined by FRS102. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts In these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, modified to Include certain financial instruments at fair value. The principal accounting policies adopted are set out below. Golng concern Al the b.me of approving the financial ststemenls the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable futu. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial stalemenls. Tangible Fixed Assets and Depreciation Tangible fixed assets are initially measured at cost and subsequendy measured at cost or valuation. net of depreciation and any impairment losses. Fixed assets received as part of the gift from Stroud and District MenGap Society have been recorded al the nel book value of those assets lo the Society. Equipment Furniture & Fixtures Vehicles Depreciation is provided at 25Pkn on the straight line basts Depreciation Is provided al 20,/0 on the straight line basis Depreciation is provided at 200k on the straight line bas The freehold interesl 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 charity. Income from Charltable Activities The company has contracted with Gloucestershire Community and Adult Care Directorate lo provide care and support for adults with learning disabilities. In supported accommodalion, property related costs are met from the Housing Benefit to which the tenants are entitled. In addition tenants and residents receive benefits from the Department for Work and Pensions and Jobcenlre Plus and are recharged individualty for the costs of transport, household expenses, holidays and other facllilies provided. Other Incomg Income is recognised when the charity is legally entitled to il after any performance conditions have been mel. the amounts can be measured reliably, and il is probable that income will be received. Cash donations are recognised 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 Éo donations received under Gift Aid or deeds of covenant is recognised at the lime of the donation. 15
Stroud and District Homes Foundatlon Limitod Notes to the Financial Ststements IcontiTruedl Forthe Year Ended 30 September2023 Legacies are recognised on receipt or otheiSe if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. Income from government 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 reliabty. Investment income is included when receivable and the amount can be measured reliably by the charity., this is normally upon nolifieation of the interest or dividends paid or payable by the bank or investment managers. Resources expended Liabilities are recognised as expenditure as soon as there 15 a legal or construclNe obligation committing the harity lo that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the aJnount of the obligation can be measured reliably. Expenditure is accounted ft)r on an accruals basls and has been classified under headings that aggregate 811 costs 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 reSoUrS expended for which il is incurred. Support costs are those functions that assist the work of the charity bul do not diiectly undertake charitable activities_ Support costs include office costs, finance, personnel, payroll and governance costs which support the charity's programmes and activities. These costs have been allocated bee&n cost of raising funds and expenditure on charitable aclivilies. The bases on which support costs have been allocated are set out In the notes to the financial statements. The management of the charity'$ affairs and fundraising are wholly undertaken by volunteers and no salaries or other employee expenses are incurred. Fixed asset investments Fixed asset investments are initialty rne8sured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in nel incomel{expenditure} for the year. Transaction costs are expensed as incurred. Impairment of fixed assets Al each reporting end date. the charity reviews the carrying amounts of its tangible assets lo determine whether there is any indi¢alion that those assets have suffered an impaiment loss. If any such indication exists. the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss lif any). Cash and cash equivalents 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 ar8 shown within borrowings in current liabilities. Financial instruments Financial instruments are recognised in the charity's balance sheet when the charity beco party to the contractual provisions of the instrument. 16
stroud and Distritt Homes Foundatlon Llmited Notes to the Flnanclal Statements Icontinuod) For the Year Ended 30 Septernber 2023 Financial assets and liabilities are offset, with the net amounts presented in the financial statements. when there is a legally enforceable right to sel off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simuttaneously. Baslc financial assets Basic financial assets, which include debtors and cash and bank balan¢es, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured al the present value olthe future receipts discounted at a market rale of interest. Financial assets classified as re1vable within one year are not amortised. Concessionary loans are basic financial Instruments and are Ini118lly recognized at the amount paid. The carrying amount is adjusted in subsequent years lo reflect repayments and any impairment. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised al transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured al the present value of the future payments discounted al a market rate of interest. Financial liabilities classified as payable wrthin one yearare not amortised. Debt instruments are subsequently carried al amorbsed cost. using the effective interest rate method. Trade creditors are obligations to pay for goods or setvices that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-currenl liabilities. Trade creditors are recognised initially al transaction pri and subsequently measured at amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. Provisions Provisions are recognised when the charity has a legal or conslruclive present obligation as a result of a past event, il 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. The amount recognised as a provision is the best estimate of the consideration required lo settle the present obligation at the reporting end dale, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected lo required to settle the obligation is recognised al present value. When a provision 15 measured at present value, the unwinding of the discount is recognised as a finance cost in net incomellexpendrture) in the period in which it arises. Employee benefrts The costs of short-term employee benefits are recognised as a liability and an expense. unless those costs are required lo be recognised as part of the cost of stock or fixed assets 17
stroud and District Homes Foundation Llmlted Notes to the Finan¢ial Statements l¢ontlnuedl For the Year Ended 30 September 2023 The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefrts are recognised immediately as an expense when the charity is demon51rably committed to terminate the employment of an employee or lo provide termination benefits. Retlrement benefits Payments to defined contribution retirement benefit schemes are charged a5 an expense as they fall due. Investments The TrLJStee Act 2000 contains statutory powers enabling the trustees lo delegate the investment management of the ¢harity's assets to an appropriately qualified investment advisor with dis¢retionary management powers subject to a general policy prescribed by the trustees. The Iruslees. present policy is that the charity's funds lif any) should be invested in deposit accounts or such other financial instruments as preserve their capital value while earning such interest as is commensurate with the associated. minimal risk. Taxation The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to ils charitable objects. Designated and Restricted Funds The company has not received any restricted funds this year. £500,000 remains held as designated funds towards the future development of the service. There are currently no restricted funds. Donations and legacies 2023 2022 Other donations 4.351 2,075 18
Stroud and District Horngs Foundation Limited Notes to the Financial Statements (continued} For the Year Ended 30 September 2023 Income from charltable octivibes 2022 2021 Supported Lwing Other charitable income Grants 2.220,662 16,685 1.895.937 13,070 34,524 2,237,347 1,943,531 Covid support grants Infection control and testing grants Workforce capacity fijnd Coronavirusjob retention scheme Covid-19 relief Covid SSP grant 11.047 19,760 1,687 2,030 34,524 Investment Income The amount received represents dividends and interest on bank deposits and the investment portfolio. Cost of charitable activities 2023 2022 Care and support costs Propety costs Food and household costs Transport costs Residents, personal expenditure and allowan 1,630,241 376,722 100,115 31,711 1,470 1,389,043 316,236 63.438 22,691 1.534 2,140.259 1,792.942 Support costs Govemance costs 230,948 6,035 198,979 6,354 2,377,242 1,998,275 Depreciation charged of£71,997 on vehicles. office equipment and furniture and fixtures is included in these costs. Staff costs are allocated in accordance with the nature of the service provided. Support costs are allocated in full to charitable activities. 19
stroud and District Homes Foundatlon Limited Notes to the Financial Statements (continued) For the Year Ended 30 September 2023 Supportand Governance Costs Support Govemancg 2022 Support Govemance Costs Costs Costs 2021 Deprecation Wages & salaries Office supplies Telephone & IT Legal & professional Sundry expenses Office Costs Audit fees 7.968 143,232 11,223 22,124 16,174 17,988 12,239 6,884 124,124 10,258 21,735 14,260 17,988 12,239 6,035 6,884 125,124 10,258 21,735 14.260 16,878 3,507 6,884 125.124 10.258 21,735 14,260 16,878 3,507 6,354 6,035 6,354 230,948 6,035 236.98 198.979 6,354 205,333 An8tysed beee charitable activitses 230,948 6,035 236.983 198,979 6,354 203.791 Net movoment in funds Net movement in funds is stated after Chargin(CredItingl'. 2023 2022 Fees payabk lo the Company's auditor for the audit of the company's financial slalements Depreciation of owned tangible fixed assets 6,035 71,997 6,354 32,999 Auditor's remuneration 2023 2022 Audit fees 6,035 6,354 The auditor's fee relates wholty to the cost of the audit. No other seryices ar8 provided by the auditor. 20
Stroud and District Homes Foundation Limited Notes to the Financial Statements Icontinuedl For the Year Ended 30 September 2023 10. Staff costs 2023 2022 Gross salary costs Employer's national insurance contributions Employer's pension contributions 1.347.424 94,572 11.572 1,138,206 63,979 8.277 1,430.424 1,210,462 The average number of persons paid per month by the company during the year wa5 6712022.. 58)- A number of staff worked part-tsme or irregular hours. There were no employees whose annual remuneration was £60,000 or more12022'. £60.000}. The staff costs did not include the costs of agency workers used during the yeai. There were £370,215 of agency costs this year12022'. £316,664). 11. Net gainsllos$e$ on investments 2023 2022 Revaluation of investments Gainllloss) on sale of investments 46,168 8,522 {141,610} 18,2081 54,690 1149,8181 21
stroud and District Homes Foundation Limited Notes to the Financial Statements Icontinuedl For the Year Ended 30 September 2023 12. Tangible Flxed Assets Furniture & rittings Equlpment Vehicles Total Cost At 1 October 2022 Additions Disposals 51,004 2,724 (26,1491 163.948 53.348 137,0431 62,754 15,750 18.9951 277,706 366,816 172,1871 At 30 September 2023 27,579 180,253 69,509 572,337 Depreciation Al 1 October 2022 Charge for the year Disposals 35,508 7,967 126,149) 77,357 32,371 (36,8531 34,468 11,617 18,9951 147.333 60,950 {71.9971 At 30 September 2023 17,326 72,875 37.090 136,296 Net book value at 30 September 2022 15,496 86.591 28,286 130,373 Net book value at 30 Septomber 2023 10,253 107.378 32,419 436,040 All the charity's assets are used for charitable pUoses. 13. Fixed asget Investment Listed investments Cash in portfolio Total Cost or valuation At 1 October 2022 Additions Disposals Valuation changes 791,563 170,456 1148,8661 54.690 217,766 17.020 {230.3041 1.009,329 187,698 1379,1701 54.960 At 30 September 2023 867,883 4.664 872,547 Carrying amount At 30 September 2023 867,883 4,664 872,547 At 30 September 2022 791,563 217,766 1.009,329 Digby Associates manage the investment portfolio on behalf of the Trustees. The investment income from the portfolio is reinvested. 22
stroud and Distrlct Homes Foundation Limited Notes to the Financlal Statements Icontinuedl For the Year Ended 30 September 2023 14. Financial Instruments 2023 2022 Carrying amounts offinancial assets Instruments measured al fair value through profil or loss Concessionary loans measured at cost less impairment 867.883 366,059 791,563 456.059 Further information is provided in the accounting policies and the concessionary loans note. 15. Debtors 2023 2022 Trade debtors Prepayments Accrued income Amounts due from Stroud & District Mencap Society 220.780 67,344 g,S79 366,059 178.875 34,670 7,080 456,059 663,862 676,684 Included within debtors are amounts due greater than one year of £337,346 {2022'. £366,059). 16. Bank balan¢¢s 2023 2022 Interest bearing deposit a¢¢ounls other accounts 66,420 100,951 216.809 175.070 167.371 391.579 17. Creditors 2023 2022 Other laxalion and social security Trade creditors Other creditors Accruals 21,384 65.526 5.807 39,151 20,560 101.516 5,116 48,328 131,868 175,520 23
Stroud and District Homes Foundation Limlted Notes to the Financial Statements leontlnuedl For the Year Ended 30 September 2023 18. Unrestricted funds At 1 October 2022 Revaluatlon At gains & 30 September losses 2023 Incoming resour¢g$ Outgolng resources General fund Designated fvnd 1,532,445 500,000 2.298,059 12,337.242} 54,690 1,507,952 500,000 2,032,445 2,298,059 12.337,2421 54.690 2,007,952 At 1 October 2021 Revaluatlon At gains & 30 September los$es 2022 Incoming resources Outgoing resources General fund Designated fund 1.716,442 500,000 1,964,096 1.998,275 1149,8181 1,532,445 500.OaO 2.216.442 1,964,096 1,998,505 1149,8181 2,032,445 24
Stroud and District Homes Foundation Limited Notes to the Financial Statements Icontlnued) For the Year Ended 30 September 2023 19. Analysis of net assets between funds Fund balances at 30 September 2023 represented by.. General funds Deslgnated funds Restricted funds Total funds Tangible fixed assets Fixed asset investments Cash al bank and in hand Other net assets 436.040 372,547 167,371 531,994 436,040 872,547 167,371 531,994 500,000 2,007,952 500,000 2,007,952 Fund balan$ at 30 September 2022 represented by.. General funds Deslgnated funds Restricted funds Total funds Tangible fixed assets Fixed asset investments Cash al bank and in hand Other net assets 130,373 609,329 391,579 501,164 130,373 1,009,329 391,579 501,164 500,000 1,532.445 500,000 2,032,445 20. Concgssionary loans The charty has provided an interest free loan to Slroud & District Mencap Society of £28,71312022.' £118,713} to enable the purchase of 17 Brimley Isadlersl and £337,346 12022.. £337,346) for the extension and refurbishment of Sadlers (completed Jan 20211. This is being repaid with £28,713 Included within debtors falling due within one year and £337,346 included within debtors falling due in greater than one year. All additional works specific to service users were paid for by the ¢harily 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 ofthe properties that the charit$ service users live in. The interest free loan enables Slroud and District Mencap Society to purchase the propertie5, which is considered to be mutually beneficial in allowing both charities to fulfil their charitable objectives. 25
Stroud and Districl Homes Foundation Limitod Notes to the Financial Statements (continued For the Year Ended 30 September 2023 21. Flnancial commitments, guarantee and contingent Ilabllltles The charitable company has an informal agreement with Slroud and District Mencap Society to lease the properties in which the services users reside. Rentals totaling £129,107 were charged in the year {2022'. £119,694). The charitable company has no other financial commitments. guarantees or contingent liabilities 3nil12022: £nill. 22. Transactlons wlth trustees and connected persons During the year consultancy services totaling £7,50012022.' £7,500} were provided by lan Salter who was appointed to the board of Trustees on 13 August 2018. At 30 Seplemter 2023 there was £7,500 due lo lan Salter12022.. £7,500). No other payments were made to Trustees, committee members or persons connected with them except by way of reimbursement of expenditure incurred on behalf of the company. At 30 September 2023, of the people then Tesident in the homes 4 were family members of members of the Board12023.' 4 out of 311. The financral arrangements for these residents are identical lo those available lo the general public. 23. Related paty transactions In addition to the loan balances above, at 30 September 2023 there was an amount due from Stroud and District Mencap So¢iety inciuded within trade debtors of £nil (2022.. £nil). 26
Stroud and Dlstrict Homes Foundation Limited Notes to the Financial Statements Icontinuedl For the Year Ended 30 September 2023 24. Cash generated from operatlons 2022 2021 Surplus/(deficill for the year Adjustments for.. Investment income recognised in the statement of financial activities Fair value gains and losses on investments LossllGainsl on disposal of investments Depreciation and impairment ol tangible fixed assets (24,4931 (183.9971 117,2021 146,1681 18,5221 60.960 118,4901 141,610 8,208 32,999 Movements in working capital.. Decreasellincreasel in stocks Decreasel{increasel in debtors (Decreasellincrease in creditors 12,822 {43,6521 38.536 85,973 Cash generated from operatlons (68,2551 104,839 Analysls of changes in net funds The charity had no debt during the year. 27
Stroud and Dlstrlct Homes Foundatlon Limited Supplementary Intormotion Detalled Income and Expendlture For the Year Ended 30 September 2023 2023 2022 Unrestricted Funds Income SeNices lo those in residential care Services to those in supported accomm(xlation Amounts recovered for transport provided Other expenditure recovered Covid support grants 2.220,662 16,033 652 1,915,909 12,858 14.764 2.237,347 1.943,531 Holiday allowances to residents 2,237.347 1,943,531 Grants Donations received Sale of assets Legacy Investment interest Bank interest 34,835 4,351 3.443 2.075 17,202 881 18,456 266 60.712 20,797 Resources avallable 2.298,059 1.964,096 Expenditure incurred 2,377,242 11.998.275) Excess of Income over expenditure for the year 179,183} (34,1791 Restricted Funds Balance brought forward Transfer to unrestricted fund$ Balance carried ft)rward 28
Stroud and Dlstrict Homes Foundation Limited Supplementary Information Detailed Income and Expenditure For the Year Ended 30 September 2023 2023 2022 Unrestrlcted Funds Expenditure Care and support tosts staff salaries- ¢are staff salaries- support Agency staff Staff ITaining staff recruitment Stsff refreshments 1,244,500 370,215 7,930 6,652 944 1.062,845 316,664 4,901 3,536 1,097 1,630,241 1,389,043 Property co$ts Rent charge Maintenance Insurance Council tsx Refuse Collection Homes and garden maintenance Garden Property depreciation Fumiture and fixtures depieciation 129.107 125,550 21,517 7,570 4,520 42,806 3,916 9.005 32.731 119,694 111,556 17,897 7,128 4,234 33,586 2,534 19,607 376,722 316.236 Food and household oxpenses Food Water Electricity and ftjel Telephone Health & hygiene TV licensing Sundry expenses 6,995 66,904 5,530 19,359 1,272 55 7.324 36,301 4,800 13,378 1,113 522 100,115 63,438 Admlnistration costs staff salaries staff training Recruitment advertising Council lax Care management system Office supplies offi telephone and IT support Legal and other professional Storage Registration Subscriptions Donation expenditure equipment depreciation Website development Office cleaning Sundry expenses 143,118 114 637 504 5,390 6,273 22,124 16,174 2,668 1,977 2.282 7,005 7,968 1,691 2,040 10.983 125,049 75 522 75 7,739 16,325 14,260 2,519 2,085 213 6.884 560 2,030 16,878 230,948 198,979 29
Stroud and District Homes Foundation Limited Supplementary Information Detailed Income and Expenditure For the Year Ended 30 September 2023 2023 2022 Unrestricted Funds Expenditure Transport costs Vehicle (hire, repairs, maintenance, insuran, fuel) Vehicle depreciation Other transport costs 19,883 11,616 212 16,001 6,508 182 31,711 22,691 Rgsidents expenses Cash advances Social education and outings Activities Presents 1,470 1,534 1,470 1.534 Charltable activtties 1,991,921 Fundraising expenses Audit fees 6,035 6.354 Total Expendituro 2.377,242 1,998,275 30