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 reS0￿ed. 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 ServI￿S 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
redU￿d 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¢$pon8e to 1118 r(gt( of 1tr9gularftle8 and non-compjlance wlth laws and reuulgllon¥, in¢ludlng fraud. we
doslgned procedurgs whlch IndudÈd:
Enqulry of management and Ihosg charoed wllh governanr* around actual and pot8nUal Illlg8llon and
elalms as well 88 actual, 8uspeeted and alleged fraud.,
Revlewlng mlnuto8 of meetinos of those charged wllh governan¢e'
Ass6991ng thè extent ofcomplian¢e wllh the laws and règulatlons considered to have M dlroct metorlal
ffaot on U)a Ilnanclal stalernent8 or tho operatlons of Ihg onlity Ihmugh enqulry and Inspection.,
Revlawlng fln9￿19181aternenI dlsdosures andtesllng lo auppo￿.ng docurnentation lo assess ¢omplSanea
wllh appllcablg laws and rOg￿allOn8',
Performlng audit work over the rfsk ol managemonl bias and overrlde of Controls, Includlng tssling of
journal entries a￿d other 8dluslm8nts for Bppmprlatene5s. evalu815ng th8 bu$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 be￿eeTr 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 carr￿d 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 othe￿iSe 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 reSoUr￿S 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 be￿e&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 re￿1vable 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 be￿ee
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 pU￿oses.
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