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
Suc￿ss, 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 be￿een 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. pro￿dureS 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.
Audito￿8 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 be￿een 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 reSoUr￿S 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 be￿een 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 be￿een
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 fO￿ard
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