Stroud & District homes foundation Annual Report and Flnanclal Statements for the year ended 30 September 2024 Charlty Number: 1084255 Company Number:4072703
stroud & District Homes Foundation Ltd Index Page no Trustee's Report 1-10 Auditor's Report 11-13 statement of Financial Activities 14 Balan Sheet 15 statement of Cash Flows 16 Notes to the Financial Statements 17-29 Supplementary Infomiatlon.. Detailed Income and Expenditure Account 30-32
Stroud and District Homes Foundatlon Limited Trustees, Report For the year ended 30 September 2024 Adminlstrative Infomiation Name: Stroud and District Homes Foundation Limited Charlty Number: 1084255 Company Number: 4072703 Reglstered Address: Bam Lodge, Lovedays Mead, Folly Lane, stroud, Gloucestershire. GL5 1S8 Trustees (who are also the Directors) The ft)Ilowing have served throughout the year: lan Salter Rosemary Gadd Carol Gilbert Richard Stone Andrew Mirkovic David Drew Charles Townley Jennie Trotman Auditor Wenn Townsend, 5 Gosditch Street, Cirencester Gloucestershire. GL7 2AG Bankers Lloyds Bank, Rowcroft, Stroud. Gloucestershire. GL5 3BD Flnancial Advlsors Digby Associates, 57 Queen Square, Bristol. BS14LF Senior Staff Group Manager Acting Registered Manager Finance & Administration Manager SeNice Manager Supported Living Managers Tracey Betterton (resigned 11 June 2024) James Bealing (from June 2024) Kate Creed James Bealing (to June 2024) Charlotte Cole Jeanette Ward (from September 2024)
Stroud and District Homos Foundatlon Llmltsd Trustees, Report (continued) For the year onded 30 September 2024 Structure, Govemance and Management The company is incorporated as a private limited company limited by guarantee. Its constitution is set out in its Memorandum and Articles of Association which is filed at Companies House. The liability of members is limited. Each mernber has undertaken to contribute one pound in the event that the company is wound up. No director or other member has any beneficial interest in any of the assets of the company. The Board sets the policies and appoints the Senior Management team who are responsible for the day to day management of the company's activities. The Board is elected at the Annual General Meeting and all Trustees are briefed on their responsibilities as Trustees prior to their acceptance of the role. The board aims to have quarterly meetings and major decisions affecting the charity are passed on a majority vote of those present. The management accounts preparation is undertaken by an experienced in-house staff member and the accounts are presented at the board meeting. 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-to4ay management of the company's activities. Whilst 2024 initially presented financial and operational challenges with delays in seNice user vacancies being filled, high agency use at the beginning of the year and unfilled posts taking longer to recruit for, the organisation has generally benefitted from a more settled support staff group, operating predominantly to full Staffing quotas and with a consistent reduction in the use of agency staff throughout the year. This has been due primarily to the skilled overseas workers who have continued to demonstrate high levels of skills and commitment that have enhanced the organisation and provided a stability during an othemise turbulent period. The success of the recruitment strategy is measured by the strong relationships they have developed with all our stakeholders, the management team and the positive feedback received about them. Changes in management roles included Charlotte taking on the managers role over the Leonard Stanley sites in response to the complexities of the service users, needs and the size of the care packages, and Charlie tsking up Charlotte's previous responsibility manag.ing and supporting the service rotas, as well as ECM and assisting with the implementation of the Care Management System. This has enabled the Leonard Stanley services to grow, demonstrating excellent practice and developing high standards of care more indicative of the new CQC Framework. As such we are using these standards as the level we must seek to achieve in all our services as it has highlighted the need for the organisation to move on from the stagnation of the post- pandemic period lo progress and flourish in all areas. To address some of these issues, we increased the support, training and responsibilities for senior carers, training for senior managers, in addition to increasing management support to the Registered Manager. As part of our commitment to stabilising and supporting our workforce to face the new demands for service delivery, we met the requirements of the real living wage for all support staff by giving a 10 % uplift in April 2024. This has had a positive impact as staff turnover has decreased and the organisation is now viewed as a competitive employer. To help manage this period of change with CQC and the increased expectstions on staff, we took the decision to change our HR advisors from RBS Mentor to HR Champions, being a local company with a more personal approach and an ability to provide training and management development support.
Stroud and District Homes Foundatlon Limited Trustees, Report (continued) For the year end8d 30 September 2024 Highlights of the year for service users included the Christmas party and summer fete. The fete was a great Sucss, raising a significant amount of money for the Christmas party which was held at Hatherly Manor. This provided an opportunity for everyone in the organisation to come together in one place after the divisions of the pandemic. It demonstrated the importance of friendships and team spirit, and everyone felt immense pride in our seNice users and staff teams. Positive working relationships continued with GCC with new service users moving into The Grange. Leonard Stanley and Stonehaven, all of whom have settled well and appear happy. Very sadly Sl passed away and this has again highlighted the growing demands on the organisation supporting our ageing residents. Unfortunately, their changing needs are not matched by their agreed funding with the local authority, and this remains a diffi'cult issue to manage. A £20.000 holiday fund has now been agreed to support those individuals with low care packages and limited personal funds to access the holiday lodge in the New Forest. Kate is overseeing a means tested assessment process in relation to this and it is hoped that it will enable more service users to access the Lodge throughout the year. In order to ensure the Lodge gets used and enjoyed, we continue to make it available for stsff use, and to other organisations or individuals known to us for a contribution towards its upkeep. The planning meetings with Stroud Mencap continue to work successfully with good representation from both committees setting the direction on maintaining our properknes for the future. In particular the gardens in all of the properties are outstanding and thank5 to the work of Kate and the maintenance team we are constsntly complimented on the quality and standards of our properties and grounds. We have now been granted planning permission to develop the conservatory at Barn Lodge into a much more accessible and enjoyable space for the service users. Budget pressures necessitated a closer review of all our finances and as a consequence a sub-committee was established to look more closely at service user rental payments and housing benefit levels which had not been revised for many years. In addition to this, contributions from service users towards the running costs of vehicles are also to be considered to help with the constant shortfall the organisation experiences in these areas. At the beginning of June, Kate was alerted to a financial discrepancy identified by one of the admin team during a routine transaction attempted on behalf of one of the service users. Further investigation involving other service users, finances uncovered more irregularities and discrepancies, predominantly the withdrawal of monies from bank accounts not matching the amounts paid back into cash books. The senior member of staff involved resigned and the Safeguarding Team, CQC and the police were immediately informed. The investigation has widened and more individual accounts are being audited, both current and historic. The Charity Commission and relatives of service users have also now been informed and Ihe police have passed their own investigation on to a dedicated investigator within the Economic Crime Team. The situation has clearly left the organisation reeling. We are aware of the potentially far reaching consequences to our reputation, with the potential ft)r the organisation's honesty and integrity and that of our employees and practices, being questioned. In a spirit of openness and honesty, senior managers and Board members have met with all staff on a number of occasions to offer support and reassurance and help minimise unhelpful speculation. The Board and senior management team have addressed gaps in financial procedures and auditing to help prevent the likelihood of it happening again and taken the view to repay any unaccounted-for funds that can be identified to those affected. Whilst we have adopted a balanced approach to sharing information so as not to impinge on the police investigation, after great deliberation and the need for sensitivity, we have decided not to inform seNice users
Stroud and District Homes Foundation Limited Trustees, Report (continued) For the year ended 30 September 2024 until the Economic Crime Team have concluded their investigation. This will enabSe communication with service users to be much clearer, easier to understand and to explain the next steps. In agreeing to repay all of the missing funds, the organisation is regarded as the 'victim' of the theft which also protects the service users from having to give evidence in the event of a trial. It has been important to the Board that we now look to the future of the organisation and rebuild trust and relationships. The situation has provided an opportunity to review the roles and responsibilities of the senior management tearn and James Bealing, formerly the Deputy Group Manager who has been with Stroud Homes Foundation since 2007, has submitted an application for Registered Manager to CQC. We welcome the return of Sabrina Elgharbawy as Operations Manager and new appointee Jeanette Ward as Supported Living Manager to join Sherrie Barnes, Care Quality Co-ordinator to bolster the experience and strength of the team, and out of adversity believe we have the basis now of a stronger, more dynamic management team. We are grateful to the agencies and professionals who are supporting and guiding us through these difficult few months, who remain positive about our principles and practices and who continue to work alongside us to make us bigger and better in the coming year. On a personal note, I would like to thank all the Board members for their time and support to me personally and to the organisation throughout this very challenging year and look forward to a more settled year ahead Objectives and Activities In accordance with the Articles of Association the objects of the company are to provide for the relief of adults with learning difficulties by providing residential, respite and day care. In achieving these objectives the company operated Residential Care Homes registered under the Health and Social Care Act 2008 (Regulations 2010) 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 Leaming 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 Stroud and District Mencap society. "with permitted use as a residential or non- residenlial institution of care, treatment and education of mentalty handicapped people" It is under this Informal Lease Agreement that stroud and District Homes Foundation Limited provides day-to-day care and support in residential and tenancies for up to 39 people with a learning disability. The lease requires that Stroud & District Homes Foundation Limited maintain all properties to a good standard, covering all repairs and always providing adequate insurance cover. The Charty have provided an interest free loan to Stroud & District Mencap Society which is currently being repaid at £7,500 per month with £60,000 included within debtors falling due within one year and £216,059 included within debtors falling due in greater than one year. (The minimum payment agreed is £5,000 per month).
Stroud and Distrlct Homes Foundation Llmited Trustees, Report (contlnued) For the year ended 30 September 2024 The Public Interest- Achlevements 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 communities as much as possible. This has been at times challenging and the effects of Covid lockdowns have been long-lasting with some service users still struggling to return to day placements and other social activities. Our services continue to be caring, homely and supportive environments where individual's rights, personal choices and individuality are valued unconditionally. Whilst reviewing aims & objectives and in the planning of future actFVities the trustees have given consideration to the Charities Commission published guidance on the operation of the public benefit requirement. By the end of the financial year, Barn Lodge, Stone haven, Cotswold Court and the Cotswold Grange were up to full capacity Huddlestone and Sadlers each had one vacant room. Sadlers room was used for short term respite for a period. An additional room was created at The Gables in an unused staff sleep room due to the changing needs of a couple who shared a room. After the move and the sad death of her partner the service user chose to stay in this room rather than return which resulted in a vacant room at the end of the year. All homes continue to meet the service 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 a PIR was completed in February 2024. GCC reassessments GCC completed reassessments in all services beeen February and June 2024 with no changes. Quality Gloucestershire Voices inclusion team completed their reporl for the Cotswold Court in January 2024. 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 Registered Manager (Supported Living Service) an Operations Manager and Supported Living Managers. Recruitment improved this year and we have been fully stsffed much of the year, this is due to successfully applying for a skilled worker sponsorship license and the recruitment of overseas staff on this basis. Our use of agency staff has reduced but SDHF continues to work closely with reputable agencies and use their vetted and trained stsff and wherever possible aim for consistency in agency personnel so that they are a valuable extension of our staff team.
stroud and Distrlct Homes Foundation Limlted Trustees, Report {continued) For the year ended 30 September 2024 .Plans for the Future 1. Work towards filling our vacant rooms. 2. To buil on our improved recruitment and retention of staff. 3. Ensure all homes are cost effective and not running at a loss and to ensure sustainability for the future. 4. To continue to monitor and review the potential impact to individual service users where possible. Control measures for risk management have been implemented by the organisation (based on individual support plans) to ensure that service users are not being put at unnecessary risk from harm or abuse due to reduced support provision. These will be monitored and 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 met and that they are as safe as reasonably practicable. 5. To ensure our service users are given access to a wide range of individual and needs based opportunities to enhance their daily lives. Financial Revlew and Reserves Pollcy Income stroud and District Homes Foundation received funding from a variety of sources during the financial year but the majority of funding was derived from contracts with the Local Authority for the care and support of the service users-, together with the housing benefit received from Stroud District Council this accounted for 96°/0 of the total income received from charitable activities (2023.. 950/0). The income from those in supported living increased by 120/0 One room at Huddlestone remained vacant all year. One room at Cotswold Grange has been vacant until May 2024. One room at The Gables was vacant until September 2024. No rooms at Cotswold Court were vacant. There have been one vacant room at Sadlers used short term for respite but still vacant at the year end There was one vacancy at Stone Haven until September 2024. GCC agreed an uplift of 5.540/0 from April 2024 . All seNice 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 £35 per week towards the cost of utilities and this was included within income from charitable activities. Expenses The ft)Ilowing projects totaling £27,696 were undertaken in the year Base for Greenhouse at stroud site Cotswold Grange kitchen remedials Cotswold Grange sitting room redecoration Stonehouse site lights around bin area Parking at Leonard Stanley increased by paving grass area
stroud and District Homes Foundation Limited Trustee8' Report (continued) For the year ended 30 September 2024 Additional refurbishments were funded by the Landlord and included Huddlestone bathroom, WC & Floor repair Gables new kitchen BL front door consultancy & planning BL conservatory consultancy & planning BL conservatory stonehouse car park Woodland area Stonehouse Long wall Stonehouse Wifi throughout homes Severn Wye Energy Consultancy & report Hedge cutting Pear croft (part share in field) Down To Earth Garden project Huddlestone leaking shower remedials Drain Doctor leaking pipe & stop tap Stroud Windows KW room Greenhouse Stroud balance FT Shower room Sadlers - stemmed from leak & wet room need With the exception of the governan cost5 of £7,200 all costs were derived from charitable activities and increased by 90/0 against the previous year from £2,371,207 to £2,590,394. The average number of employees paid in the year was 77 and salary costs increased by 16.50/0. Agency staff use decreased this year and totaled £102,983. Recruitment of 15 skilled workers through UKBA sponsorship licenses has helped in reducing agency use, but there is still a requirement to cover holidays and sickness. Rlsk management Internal contro5 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) to ensure that Servi users are not being put 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 met and that they are as safe as reasonably practicable. Reserves Policy The Board endeavour to retain six months running costs in hand to provide against any financial risks the charity may be exposed to. The major financial risk faced by the organisation is the reduction in funding by the Local Authority. This would have a detrimental effect on the services that we provide. In addition the 5atest budgetary increases in National Insurance are going to have a significant impact on Health & Social Care and charities. It is sincerely hoped that the government will revisit their budget before there is a countrywide crisis.
stroud and Distrlct Homes Foundation Limited Trustees, Report (continued) For the year ended 30 September 2024 Nevertheless we continue to challenge any cuts in funding and ensure that the service userfs best interests are at the heart of our provision. The charity currently holds £500,000 as designated funds towards the future development of the service. Investment Pollcy Surplus funds are placed on deposit with the bank insofar as they may be needed in the foreseeab5e future to cover the running costs for a period of several months. Funds over and above this are invested to produce a mixture of capital growth and income from low risk investments. The opening value of the investment portfolio of £872,547 on 01 October 2023 compares with the closing value of the portfolio on 30 September 2024 of £996,688. statement of Trustees, Responsibillty The trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). With 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 £1,991,921 to £2,371.207. The average number of employees paid in the year was 68 and sa5ary costs increased by 18¥0. A considerable amount of agency staff were used totalling £370,215. Like rnany organisations in the sector recruitment and retention of staff has been a challenge however in July we applied for a skilled worker sponsorship licence so this should improve next financial year. Rlsk management Internal control risks are minimised by the implementation of procedures. produreS 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) to ensure that service users are not being put at unnecessary risk from harm or abuse due to reduced support provision. These will be monitored and 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 met and that they are as safe as reasonably practicable. Reserves Policy The Board endeavour to retain six months running costs in hand to provide against any financial risks the charity may be exposed to. The major fi'nancial risk faced by the organisation is the reduction in funding by the Local Authority. This would have a detrimental effect on the seNices that we provide. Nevertheles5 we continue to challenge cuts in funding and ensure that the seNice user's best interests are at the heart of our provision. The charity currently holds £500,000 as designated ndS towards the future development of the service.
Stroud and Dlstrict Hom68 Foundatlon Llmited Trustees, Report (continued) For the year ended 30 September 2024 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 a 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 with the closing value of the portfolio on 30 September 2023 of £872,547. Statement of Trustees, Responslbility The trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the State of affairs of the charity and of the incoming resources and application of resources of the charity for that year. In preparing these fi'nancial statements, the trustees are required to.. select suitable accounting policies and then apply them consistently,. obseNe the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent; state whether applicable accounting stsndards have been followed, subject to any material departures disclosed and explained in the financial statements; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities 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 prevention and detection of fraud and other Statement as to the Disclosure of Infomiation to Audltors Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information. Auditors The auditors, Wenn Townsend will be proposed for re-appointment atthe forthcoming Annual General Meeting.
Stroud and District Homes Foundation Limited Trustees, Report (contlnued) For the year ended 30 September 2024 Conclusion The whole Board and a number of other friends provide considerable time and a range of skills and services on an entirely voluntsry basis. Without this the company would not be able to function properly. The Board will continue to use its best endeavours to improve the quality of life of those who live with us and will devote the resources available to providing them with the best possible service. This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. By order of the Board 21 March 2025 L.K¥., lan Salter (Chair)........................................................ Date 10
stroud & Dlstrict Homes Foundation Limited Report of the Independent Auditors to the Members of Stroud & Distrlct Homes Foundation Llmlted For the year ended 30 September 2024 Oplnlon We have audited the financial statements of Stroud and District Homes Foundation Limited (the'charity,) for the year ended 30 September 2024 which comprise the ststement of financial activities, the balance sheet, the statement of cash flows and the notes to 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 Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements.. give a true and fair view of the slate of the charitable company's affairs as at 30 September 2024and 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 prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS {UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit ofthe 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 ethical responsibilities in accordance wrth these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to golng concern 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 charity'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 going 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 auditor's 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 information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are iequired to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
stroud & Dlstrict Homes Foundatlon Llmited Report of the Independent Audltors to the Members of Stroud & Distrlct Homes Foundatlon Limlted Forthe year ended 30 September 2024 MatterJ 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 (Accounts 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 trustees. report. or sufficient accounts'ng 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. Responsibilitles of trustees As explained more fully in the statement of trustees, responsibilities, the trustees, who are also the directors ofthe charity forthe purpose of company law, are responsible forthe 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 material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability lo continue as a going concern, disclosing, as applicable, matters related to going concem and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Audito8 rèsponsSbllities for the audit of the financial statements We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's 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 (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. A further description of our responsibilities is available on the Financial Reporting Council's website at: https:Ilwww.frc.org.uklauditorsresponsibilities. This description forms part of our auditor's report. Extent to which the audit was considered capable of detecting Irregularltles, Including fraud Irregularities, including fraud, are instances of non-compliance with laws and regulations. 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, its activities, its control environment, and likely future developments. including in relation to the legal and regulatory framework appliGable 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 consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud. 12
Stroud & Dlstrlct Homo$ Foundatlon Llmltod Report olthe Indopondant Audltors to the Memb8r8 of Stroud & Dlslrfct Homos Foundatlon Llmlted For tha yoar ended 30 Septembgr 2024 In responsé to the risk of Irrègularllles and non-compllance wlth laws and regulatlons, Includlng fraud, we de61gned procedures whkh Includ8d'. Enquiry of msnagement and thos8 charged wlth governance around actual and pot6nUal Iltlgatlon and alms as well as actual, suspècted and alle98d fraud: Revléwlng minutes of meetings of those chargèd wllli gov8rnanco; A8S8S81ng thè ext9nl of compllanGe wlth the laws and regulatlons consideroij to have a dlrect materlal effèct on the flnancial stat8m6nts or the Dperatlons of the ènllty through enquiry and inspe¢lion- Revlawlng financlal stalernènl dlsclosures and testlng to Supportlng documentatlon to as88ss compliancè wlth appllcable laws and regulations; Perforinlng audlt work ovar th8 rfsk of management bia8 find ov8rrlde of controls. Includlng t88tlng of lournal entrles and olher adjustments for approprlateness. ev8luatlng the business ratlonalé of 51gnlflcant transactlons outslde the nomial course of bu8lnass and reviewlng accounting 68tlmates for Indlcalor5 of potentlal blas. Becau88 of the Inherent Ilmltatlons of an audlt. th8ro15 8 risk Ihat we wlll not dotect all irregularltigs, Includlng thosè leadlng to 6 Materlal ml8St8tement In the Itnanclal 8tatements or non-compllanG8 Wtlh regulallon. Thls rlsk Increases Ihè mor8 thal cornpliance with 8 law or regulatlon Is removed from Ihe events and tr8nsactlons r8fl8ctBd In the flnanclal 8talemgnls, a$ we w511 bg l&ss Ilk8ly to become 8warè of inslano¢s of non-compllance. The r18k of not détectlng a malerlal mis5tatament resulllng from fraud Is hlgh6r than for one r6sulllng from etror, as fraud may involve collu$lon, forgery, intentional omi8slon8, mlsrepre5entalions, or the overrlde of Internal control. Usa of our report Thls report Is mad8 $018ly to th8 charlty's tnlSteo3, as a body, In accordance wllh part 4 of the Ch8rlli8$ (Accounts and Reports) Regulatlons 2008. Our audit work has boen und6rtakon so tl)al we mlght state to the charlty'5 trustees those matters we are r8qulr8d lo state to thèm In an audllors, report and for no ot118r purposg, To the full8St extent P8rmltled by law, we do not a¢cÉpl or assume rèsponslbility to Anyone other than the charlty and thp charity's trustees a body, for our 8udll work, for thls rèport, or for the oplnions we have formed. W•nn Town8end Go&dltch House 5 Gosdltch Streèt Clr•ncoster GL7 2AG TKy131 zoZS- Wenn Townsend 18 ellgible to act as an audllor In t8mis of s8Ctlon 1212 of the Companlos AGI 2006. 13
stroud and Distrfct Homes Foundation statement of Financial Activlties for the year ended 30 September 2024 (incorporatlng the Income and Expendlture Account) Unrestricted Restrlcted Funds Funds Total Funds Total Funds 2024 2024 2024 2023 Income from: Donations & legacies 995 995 4,351 Charitable activities 2,523,681 2,523.681 2,237,347 Investment income Total Incomlng Resources 19,712 2 544 388 19,712 2 544 388 2,298 059 Resources Expended Charitable activities 2,597,594 2,597.594 2,597,594 2,377,242 2,377,242 Total Resources Expended 2,597,594 Net incoming resources before transfers (53,206) (53,206} (79,183) Gross transfers beeen funds Net incoming resources before other recognised gains and losses other recognised gains {53,206) (53.206) (79,183) Net gainsl{losses) on investments 11 114,725 114,725 54,690 Net movement in funds 61,519 61,519 (24,493) Balance at 30 September 2022 2,007,952 2,007,952 2,032,445 Total funds carried fonmard 18 2,069,471 2,069,471 2,007,952 The statement of financial activities includes all gains and losses recognised during the year. All incoming reSoUrS expended derive from continuing activities. 14
Stroud and Dlstrfct Homes Foundation Balance Sheet as at 30 September 2024 Notes 2024 2023 Fixed Assets Tangible assets Investments 12 13 394,763 996,688 436,040 872,547 1,391,451 1,308,587 Current Assets Debtors.. amounts falling due wrthin one year Debtors.. amounts falling due after more than one year Cash at bank and in hand 15 364,629 326,516 15 16 216,059 235,903 337,346 167,371 816,591 831.233 Current Liabilitles Creditors.. amounts falling due within one year 17 (138,571) {131,868) Net Current Assets 678,020 699,365 Total Funds 2,069,471 2,007,952 Accumulated Reserves Unrestrlcted Income Funds General Designated 18 1,569,471 500,000 1,507.952 500,000 18 2,069,471 2,007,952 Total Funds 2,069.471 2,007,952 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 September 2024, although an audit has been caTried out under section 144 of the Charities Act 2011. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The members have not required the company to obtain an audit of its financial statements under the requirements of the Companies Acl 2006, for the year in question in accordance wtth section 476. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the Trustees on 21 March 2025 and signed on their behalf by.. Salter 15
stroud & District Homes Foundation Limited statement of Cash Flows For the Year Ended 30 September 2024 2024 2023 Notes Cash flows from oporating activltles Cash generated froml{absorbed by) Operations Investing actlvities Purchase of tangible fixed assets Purchase of investments Proceeds on disposal of investments Proceeds from sale of fixed assets Investment income received 24 80,568 (68,625) (21,048) (224.390) 233,998 (366,816) (170,496) 148,866 6,617 17,202 18,429 Net cash used in Investlng activttles Net cash used in financlng actlvitles (6,989) (364,627) Net decrease in cash and cash equivalents Cash and cash equivalents at beginning of year (Investment)Iwithdraw of portfolio cash movements 73,579 (432,882) 167,371 (5,047) 391,579 {208,674) 235,903 167,371 Cash and cash equlvalents at ond of year 16
Stroud and Distrlct Homes Foundation Llmited Notes to the Financlal Statements For the Year Ended 30 September 2024 1. Accounting Policie8 Basis of Preparatlon of flnanclal statements The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 and. "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective l January 2019) The charity is a Public Benefit Ents'ty 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 At the time of approving the financial statements the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the fi'nancial statements. Tangible Fixed Assets and Depreciatlon Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Fixed assets received as part of the gift from Stroud and District Mencap Society have been recorded at the net book value of those assets to the Society. Equipment Furniture & Fixtures Vehicles Depreciation is provided at 25 % on the straight line basis Depreciation Is provided at 20 % on the straight line basis Depreciation is provided at 20 % on the straight line basis The freehold interest in the properties occupied by the charity for the provision of residential care and support is held by the Stroud and District Mencap Society and leased to the charity. Income from Charltable Activitles The company has contracted with Gloucestershire Community and Adult Care Directorate to provide care and support for adults with learning disabilities. In supported accommodation, propety related costs are met from the Housing Benefit to which the tenants are entitled. In addition tenants and residents receive benefits from the Departmenl for Work and Pensions and Jobcentre Plus and are recharged individually for the costs of transport, household expenses, holidays and other facilities provided. Other income Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donalions are recognised once the charty has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under GiftAid ordeeds of covenant is recognised at the time of the donation. 17
Stroud and District Homes Foundation Limited Notes to the Financial Statements (continued) For the Year Ended 30 September 2024 Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is 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 reliably. Investment income is included when receivable and the amount can be measured reliably by the charity" this is normally upon notification of the interest or dividends paid or payable by the bank or investment managers. Resources expended Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all 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 SOurceS expended for which it is incurred. Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include office costs, finance, personnel, payroll and governance costs which support the charity's programmes and activities. These costs have been allocated beeen cost of raising funds and expenditure on charitable activities. The bases on which support costs have been allocated are set out in the notes to the financial statements. The management of the charity's affairs and fundraising are wholly undertaken by volunteers and no salaries or other employee expenses are incurred. Fixed asset investments Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred. Impairment of fixed assets At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if 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 are shown within borrowings in current liabilities. Financial instruments Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. 18
Stroud and District Homes Foundation Limlted Notes to the Financial Statements Icontinued) For the Year Ended 30 September 2024 Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a nel basis or to realise the asset and settle the liability simultaneously. Basic flnancial assets Basic financial assets, which include debtors and cash and bank balances, 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 at the presentvalue ofthe future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Concessionary loans are basic financial instruments and are initially recognized at the amount paid. The carrying amount is adjusted in subsequent years to reflect repayments and any impairment. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where thedebt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services 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-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognition of financial liabilities Financial Siabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. Provisions Provisions are recognised when the charty has a legal or constructive present obligation as a result of a past event, it is probable that the charity will be required to settle that obligation and a reliable estimate can be made of the amount of the obligalion. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision is measured at present value, the unwinding of the discount is recognised as a finance cost in net incomel{expenditure) in the period in which it arises. Employee benefits The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets 19
stroud and District Homes Foundation Limited Notes to the Financial Statements (continued) For the Year Ended 30 September 2024 The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. Retirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. Investments The Trustee Act 2000 contains statutory powers enabling the trustees to delegate the investment management of the charity's assets to an appropriately qualified investment advisor with discretionary management powers subject to a general policy prescribed by the trustees. The trustees, present policy is that the charity's funds (if any) should be invested in deposit accounts or such other financial instruments as preseNe 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 its charitable objects. Deslgnated and Restricted Funds The company has not received any restricted funds this year. £500,000 remains held as designated funds for the future development of the service. This will entail improving and adapting the service to meet the changing needs of service users, as well as expanding the service as appropriate in line with the Charities objectives. One aim is to collaborate with others to sel up a day centrelhub for adults with learning disabilities in the area if and when the time and resources are right. There are currently no restricted funds. Donations and legacies 2024 2023 Other donations 995 4,351 20
stroud and Dlstrict Homes Foundation Limited Notes to the Flnancial Statements {contlnued) For the Year Ended 30 September 2024 Income from charitable activities 2024 2023 Supported Living other charitable income Grants 2,503,430 20,251 2,220,662 16,685 2,523,681 2,237,347 Investment Income The amount received represents dividends and interest on bank deposits and the investment portfolio. Cost of charitable activities 2024 2023 Care and support costs Property costs Food and household costs Transport costs Residents, personal expenditure and allowan 1,819,297 332,103 88,756 36,687 34,553 1,630,241 376,722 100,115 31,711 1,470 2,590,394 2,140,259 Support costs Govemance costs 278,998 7,200 230,948 6,035 2,597,594 2,377,242 Depreciation charged of £62,326 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. 21
Stroud and District Homes Foundation Limited Notes to the Financial Statements (continued) For the Year Ended 30 Septemb8r 2024 Support and Governance Costs Support Governance Costs Costs Support Governance Costs Costs 2024 2023 Deprecation Wages & salaries office supplies Telephone & IT Legal & professional Sundry expenses offi costs Audit fees 6,897 161,456 20,376 25,411 18,530 28,768 17,560 6,897 161,456 20,376 25,411 18,530 28,768 17,560 7,200 7,968 143,232 11,223 22,124 16,174 17,988 12,239 7,g68 143,242 11,223 22,124 16,174 17,988 12,239 6,035 7,200 6,035 278,998 7,200 286,198 230,948 6,035 236,983 Analysed beeen charitable activities 278,998 7,200 286,198 230,948 6,035 236,983 Net movement in funds Net movement in funds is stated after chargingl(crediting)'. 2024 2023 Fees payable to the company's auditor for the audit of the company's financial statements Depreciation of owned tangible fixed assets 7,200 62,326 6,035 71,997 Auditor's remuneration 2024 2023 Audit fees 7,200 6,035 The auditor's fee relates wholly to the cost of the audit. No other services are provided by the auditor. 22
stroud and District Homes Foundation Limited Notes to the Financlal Statements (continued) For the Year Ended 30 September 2024 10. staff costs 2024 2023 Gross salary costs Employer's national insurance contributions Employer's pension contributions 1,543,962 123,517 26,817 1,347,424 94,572 11,572 1,694,296 1,453,568 The average number of persons paid per month by the company during the year was 77 (2023: 67). A number of staff worked part-time or irregular hours. There were no employees whose annual remuneration was £60,000 or more (2023.. £60,000). The staff costs did not include the costs of agency workers used during the year. There were £102,983 of agency costs this year (2023: £370,215). 11. Net gainsllosses on investments 2024 2023 Revaluation of investments Gainl(loss) on sale of investments 114,725 46,168 8,522 114,725 54,690 23
Stroud and District Homes Foundation Limlted Notes to the Financial Statements (continued) For the Year Ended 30 September 2024 12. Tangible Fixed Assets Equipment Furniture & fittings Vehicles Property Total Cost At 1 October 2023 27,579 180,253 69,509 294,995 572,337 Additions DisposaSs 10,128 10,920 21,048 At 30 September 2024 191,173 294,995 593,385 Depreciation At 1 October 2023 Charge for the year Disposals 17,326 7,049 72,875 35,011 37,090 10,443 9,005 9,823 136,296 62,326 At 30 September 2024 24,375 107,886 47,533 18,828 198,622 Net book value at 30 September 2023 10,253 107,378 32,419 285,990 436,040 Net book value at 30 September 2024 13,332 83,287 21,976 276,167 394,763 All the charity's assets are used for charitable purposes. 13. Fixed asset Investment Listed Investments Cash in portfolio Total Cost or valuation At 1 October 2023 Additions Disposals Valuation changes 867,883 224,390 (233,998) 133,941 4,664 18,429 (18,621} 872,547 242,819 (252,619) 133,941 At 30 September 2024 992,216 4,472 996,688 Carrying amount At 30 September 2024 992,216 4,472 996,688 At 30 September 2023 867,883 4,664 872,547 Digby Associates manage the investment portfolio on behalf of the Trustees. The investment income from the portfolio is reinvested. 24
Stroud and District Homes Foundation Limited Notes to the Financial Statements (continued) For the Year Ended 30 September 2024 14. Financlal Instruments 2024 2023 Carrying amounts of financial assets Instruments measured at fair value through profit or loss Concessionary loans measured at cost less impairment 992,216 276,059 867,883 366,059 Further information is provided in the accounting policies and the concessionary loans note. 15. Debtors 2024 2023 Trade debtors Prepayments Accrued income Amounts due from Stroud & District Mencap Society 242,754 53,657 8,218 276,059 220,780 67,344 9,679 366,059 580,688 663,862 Included within debtors are amounts due greater than one year of £216,059 {2023'. £337,346). 16. Bank balances 2024 2023 Interest bearing deposit accounts Other accounts 102,234 133,669 100,951 66,420 235,903 167,371 17. Creditors 2024 2023 Other taxation and social securty Trade creditors Other creditors Accruals 35,260 63,990 167 39,154 21,384 65,526 5,807 39,151 138,571 131,868 25
Stroud and District Homes Foundation Limited Notes to the Financial Statements (continued) For the Year Ended 30 September 2024 18. Unrestrlcted funds At 1 October 2023 Revaluation At gains & 30 September losses 2024 Incoming resources Outgoing resources General fund Designated fund 1,507,952 500,000 2,544,388 (2,597,594) 114,725 1,569,471 500,000 2,007,952 2,544,388 (2,597,594) 114,725 2,069,471 At l October 2022 Revaluation At gains & 30 September losses 2023 Incomlng resources Outgoing resources General fund Designated fund 1,532,445 500,000 2,298,059 (2,337,242) 54,690 1,507,952 500,000 2,032,445 2,298,059 (2,337,242) 54,690 2,007,952 26
stroud and Dlstrict Homes Foundation Limited Notes to the Financial Statements (continued) For the Year Ended 30 September 2024 19. Analysis of net assets between funds Fund balances at 30 September 2024 represented by.. General funds Designated funds Restricted funds Total funds Tangible fixed assets Fixed asset investments Cash at bank and in hand Other net assets 394,763 496,688 235,903 442,117 394,763 996,688 235,903 442,117 500,000 1,569,471 500,000 2,069,471 Fund balances at 30 September 2023 represented by.. General funds Designated funds Restrlcted funds Total funds Tangible fixed assets Fixed asset investments Cash at bank and in hand Other net assets 436,040 872,547 167,371 531,994 436,040 872,547 167,371 531,994 500,000 1,507,952 500,000 2,007,952 20. Concesslonary loans The charity has provided an interest free loan to Stroud & District Mencap Society of £nil (2023.. £28,713) to enable the purchase of 17 Brimley (Sadlers) and £276,059 (2023.. £337,346) for the extension and refurbishment of Sadlers (completed Jan 2021). This is being repaid with £75,000 included within debtors falling due within one year and £201,059 included within debtors falling due in greater than one year. All additional works specific to service users were paid for by the charity and are capitalised as fixed assets where appropriate. The Society is connected to the charity by virtue of having Trustees in cornmon and is also the landlord ofthe properties that the charity's service users live in. The interest free loan enables Stroud and District Mencap Society to purchase the properties, which is considered to be mutually beneficial in allowing both charities to fulfil their charbtable objectives. 27
Stroud and District Homes Foundation Limited Notes to the Financial Statements (continued) For the Year Ended 30 September 2024 21. Flnancial commitments, guarantee and contingent liabilities The charitable company has an informal agreement with Stroud and District Mencap Society to lease the properties in which the services users reside. Rentals totaling £139,543 were charged in the year {2023.. £129,107). The charitable company has no other financial commitments. guarantees or contingent liabilities £nil (2023: £nil). 22. Transactions wlth trustees and connected persons During the year consultancy services totaling £10,200 (2023.. £7,500) were provided by lan Salter who was appointed to the board of Trustees on 13 August 2018. At 30 September 2024 there was £10,200 due to lan Salter {2023.' £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 2024, of the people then resident in the homes 4 were family members of members of the Board (2024.. 4 out of 31). The financial arrangements for these residents are identical to those available to the general public. 23. Related party transactions In addition to the loan balances above, at 30 September 2024 there was an amount due from Stroud and District Mencap Society included within trade debtors of £nil (2023.. £nil). 28
Stroud and Dlstrict Homes Foundation Limited Notes to the Financlal Statements (continued) For the Year Ended 30 September 2024 24. Cash generated from operations 2024 2023 Surplusl(deficit) for the year Adjustments for: I nvestment income recognised in the statement of financial activities Fair value gains and losses on investments Lossl(Gainsl on disposal of investments Depreciation and impairment of tangible fixed assets 61,519 (24,493) (18,429) {114,725) (17,202) (46,168) (8,522) 60,960 62,326 Movements in working capital.. Decreasel(increase} in stocks Decreasel(increase} in debtors (Decrease)lincrease in creditors 83,174 6,703 12,822 (43,652) Cash generated from operations 80,568 (68,255) 25. Analysis of changes in net funds The charity had no debt during the year. 29
stroud and Dlstrict Homes Foundation Limited Supplementary Information Detailed Income and Expenditure For the Year Ended 30 September 2024 2024 2023 Unrestricted Funds Income Services to those in residential care Services to those in supported accommodation Amounts recovered for transport provided other expenditure recovered Covid support grants 2,503,430 18,605 1,646 2,220,662 16,033 652 2,523,681 2,237.347 Holiday allowances to residents 2,523,681 2,237,347 Grants Donations received Sale of assets Legacy Investment interest Bank interest 34,835 4,351 3,443 995 18,429 1,283 17,202 881 20,707 60,712 Resources available 2,544,388 2,298,059 Expenditure incurred {2,577,347) {2,377,242} Excess of income over expenditure for the year (32,959> (79,183) R8Stricted Funds Balance brought fOard Transfer to unrestricted funds Balance carried forward 30
Stroud and District Homes Foundation Limlted Supplementary Information Detailed Income and Expenditure For the Year Ended 30 September 2024 2024 2023 Unrestrlcted Funds Expenditure Care and support costs Staff salaries- care Staff salaries- support Agency staff Staff training Staff recruitment Staff refreshments 1,683,332 102,983 9,872 22,305 805 1,244,500 370,215 7,930 6,652 944 1,819,297 1,630,241 Property costs Rent charge Maintenance Insurance Council tax Refuse collection Homes and garden maintenance Garden Propety depreciation Furniture and fixtures depreciation 139,543 61,591 24,665 7,951 3,716 44,909 4,743 9,823 35,162 129,107 125,550 21,517 7,570 4,520 42,806 3,916 9,005 32,731 332,103 376,722 Food and household expenses Food Water Electricity and fuel Telephone Health & hygiene TV licensing Sundry expenses 8,893 53,009 5,150 20,289 1,354 61 6,995 66,904 5,530 19,359 1,272 55 88,756 100,115 Admlnlstration costs Staff salaries Stsff training Recruitment advertising Council tax Care management system Offfice supplies Office telephone and IT support Legal and other professional Storage Registration Subscriptions Donation expenditure Office equipment depreciation Website development Office cleaning Sundry expenses 161,456 5,093 38 480 5,876 4,112 25,411 18,530 2.668 2,194 13,596 16,147 6,897 1,735 2,144 12,621 143,118 114 637 504 5,390 6,273 22,124 16,174 2,668 1,977 2,282 7,005 7,968 1,691 2,040 10,983 278,998 230,948 31
Stroud and District Homes Foundatlon Limited Supplementary Information Detailed Income and Expenditure For the Year Ended 30 September 2024 2024 2023 Unrestrlcted Funds Expenditure Transport costs Vehicle (hire, repairs, maintenance, insurance, fuel) Vehicle depreciation Other transport costs 26,114 10,444 129 19,883 11,616 212 36,687 31,711 Residents expenses Resident's refund Social education and outings Activities Presents 32,510 528 1,515 1,470 34,553 1,470 Charitable activities 2,590,394 2,371,207 Fundraising expenses Audit fees 7,200 6,035 Total Expenditure 2,597,594 2,377,242 32