REGISTERED COMPANY NUMBER: 04266500 {England and Wales) REGISTERED CHARITY NUMBER: 1089471 ort of the Trustees and Financial Statements For The Year Ended 31)th Se tember 2024 for m Blake Hous Acom an limited b Northan uarantee Cheney & CD Sl8tutory Auditor 310 Wellingborough Road Northampton NN14EP
William Blake House Northants Acom an limited b uarantee Contents of the Finan¢ial Statements For The Year Ended 30th Se tember 2024 Page Report of the Trustees Report of the Independent Auditors 6 to 11 Statement of Financial Activities 12 Balance Sheet 13 Cash Flow Ststement 14 Notes to the Financlal Statements 15 to 25 Detailed Statement of Financial Activities 26 to 27
William Blake House Northants Acom an limited b uarantee ort of the Trustees For The Year Ended 30th Se tember 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2006. present their report with the financial statements of the charity for the year ended 30th September 2024. The Iruslees have adopted the provisions of Accounting and Reporting by Charities-. Statement of Recommended Practice applicable to charities preparing their accounts in accordance wth the Financial Reportrng Stsndard applicable in the UK and Republic of Ireland IFRS 102) {effecttve 1 January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims The objectives and principle activities of the charity are the advancement of education and the promotion of weSfare for the public benefit by the establishment and maintenance of communities in accordance with the general principles of Rudolf Steiner in particular for people who a physically. mentally or emotionally challenging. The charity has had regard to Charity Commission Guidance on public benefit. The Strategies employed to achieve the charitys objectives are to offer education, instruction guidance. therapy or care as appropriate in order to develop those in need of their educational, crealive, recreational, employment and social skills and so enabling them lo lead a rewarding life within society at large. Professional therapists are engaged by the charity to ensure the strategies are implemented successfully. We have referred to Ihe guidance contained in the charity commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. The charity is also involved in the Community and is dependent on voluntary help. The trustees would like to take this opportunity to say how much Ihey appreciate the volunteers Gontinuing and valuable support. Page 1
William Blake House Northants Acom an limited b uarantee Re ort of the Trustses ForThe Year Ended 30th Se tember 2024 STRATEGIC REPORT Achievement and perforniance Charitable activities The trustees feel that the items below reflect the significant achievements for thi5 financial ye8r. Residential Care During the past 12 months, the Charity continued to prowde a caring communty environment for people wth disabilities. We moved to an electronic note system within the care homes. There are four residential care homes located in pleasant rural settings and the households are an integral part of village life. Day Care The Charity also provided day care services frjr people with leaming dtfficulties, via the County Centre, based in Northarnpton. This urban farm provided a range of indoor and outdoor activities, with more attendees enjoying animal therapies (nurturing ponies, goats, chickens} as well as horticultural activities with access to green houses and poly lunn81s. Voluntser and Staff Training The Charity continues with tts stsff training programme to ensure stsndards remained as high as possible. Refurbishment Programme The Charity has maintained the care home environment to a high standard. Community Activitie5 The charity has a full range of person-cenlred activities for the people it supports. Holidays The rèsidents were able to benefit from an annual holiday. Advocacy We have continued to use independent advocacy services to support the people vtho use our seNice. Voluntsers The Charity continues to benefit from the seNice of several volunteers to provide valuable support to all four care homes. Therapists The Charity continues to benefft from the professional support of independent therapists. Festivals The Charity celebrated a variety of feslivals with our residents inciuding, Harvest, Easter and Christmas. We also cèlèbrale multi-denominational festivals that reflect our organisalion's diversity. Page 2
William Blake House Northants Acom limited uarantee Re ort of the Trustees For The Year Ended 30th Se mber 2024 STRATEGIC REPORT Financial review Financial position The financial position of William Blake House Northants (hereinafter refeed to as WBH) as of 30th September 2024 is challenging because of a deficlt for the 12 months of £148,902 The Balance sheet as of 30th September 2024 is showing net current liabilities of £463,719. As of 30th September 2024, the amount owtng lo H M Revenue & Customs for PAYE and National Insur2nce was £1,429,981 (30th Seplember 2023= £865,793. H M Revenue & Customs have been very helpful and understanding of the financial challenge facing the charity, especially during the Covid emergency {2020-22>. Based on the latest information available as of 25th June 2025 £1,544,823 including interest and penalties of £188,704 is owed to HMRC. The Charrty has communicated tls resumption of PAYE payments The Charity Trustees have a plan lo resolve the situation, by engaging William Blake House in a joint venture with a land development company, leading to the settlemènt of PAYE liabilities lo HMRG in the near-temi. The cost of agency stsff and care workers of £266,384 {30th September 2023: £251,712>. has continued to remain high since the Govid ernergency. As a result. WBH has no Choi other than to continue to pay these agency costs to remain compliant with Care Quality Commission {CQC> regulations. Unfortunately, none of these exceptional cosls are recoverable. The Charity has also focused on a strategic project to develop fiJture income streams from its Steiner ethos. This projéct which is lo launch in 2025 with educational online courses and seminars, has been developed by the CEO in collaboration with the Chair of Trustees and his consulting company. The anticipated retum on expenditure of £649.38Q as of 30th September 2024 (30th September 2023 £425,115) is forecast to be wthin three years, with positive revenue generation rnoving forwards from the date of the websites going INe which is anticipated to be in 2025. In collaboration w(th a land developer a planning appli¢ation has been submitted with West Northamptonshire Council IWNC) for the re-development of Ihe Charily's Day Care Centre. to enable the building of a new Community Hub and new homes for people with leaming disabilities. An independent valuation of the land is £1,850,000, subject to planning being granted. Thereafter, the sale and lease back of the land will enable the settlement of HMRC liabilities. Principal funding sources The principal funding sources are: 1. Residential Care fees -paid by local authorTties , NHS care commissioning groups and parents of residents in the charills 4 care homes.This amounted to £3.46 million in the year to 30th September 2024 ( £3.02 million for the year ended 30th September 2023). 2. Day eare fees of £219,678 for the year to 30th September 2024 ( £190,816 for the year ended 30th September 2023). These are paid by local authorities and by parents. Investment policy and objectives Under the Memorandum and Articles of Assouation, the chartty has the power to make investments a5 the truste8s se@ Reserves policy The objective of the Tru5tee5' Reserves policy is to ensure the provision of adequate caprtal resources. The policy adopted to achieve Ihis is to build up the Nel Current Assets proportion of the Unrestricted Income Fund to a minimum level equivalent to months, value of the budgeted running Costs for Ihe ensuing year. This policy has not been adhered to this period because of reasons disclosed in other section5 of this report. The trustees are currently looking al ways that this can be done. Currently the reseNe policy is in deficit and the tTUStees are hoping that the fee uplifts being negotiated with Ihe various local authorities and the investment in Ihe strategy work will conts.nue to reduce the deficit and enable a position to retum. Going concern There is a substantial debt owed to the HM Revenue & Customs of £1,544.823 at 25th June 2025. At the date of this report H M Revenue & Customs have accepted a proposal for settlement of the liability wa a sale and leaseback arrangement of the Charity's land asset. Page 3
William Blake House Northants Acom an limited b uarantee ort of the Trustees For The Year Ended 30th Se tember 2024 STRATEGIC REPORT Future plans Despite the challenges of Ihe past 12 months, Ihe charity continued with its future plan5". To continue to negotiate with Local Authorities for appropriate fee levels. The Charity wishes to develop and up9rade the Country Centre to 1caSe capacity and income in fvture. The Chartty continues to ensure our care homes are well-maintained in appearan within our rural village communities. The Charity will continue to explore opportunities for fundraising. The Charity continues to explore and invest in a stratègic programme to develop new educational courses and seminars, relating to the Charitys Rudolf Steiner ethos. as sources of additional income for the organi5ation The Charity will further promote its serViS online and via social media. STRUCTURE, GOVERNANCE AND MANAGEMENT Goveming document The charity is govemed by ils Memorandum and Articles of Association, and constitutès a private limited company, limited by guarantee, as defined by the Companies Act 2006. Recruitment and appolntment of new trustees The directors of the charitable company are also Irustees for the purposes of charity law and throughout this report are collectively referred to as trustees. M8mbers attending annual general meetings elect trustees. The Trustees, when complete consist of at least three and not more than eight individuals, all of whom musl be members. One third lor the nearest number to one third) must relire and, if eligible, offer themselves for re-election at the annual general meeting. Those longest in service retire first and the choice between any of equal service being made by drawing lots. The trustees may at any time C¢>opI any person duly qualified lo be appointed as a truslee to fill a vacancy in their number or as an additional Irustee, but GO-OPted trustee holds office only until the next annual general meeting when they rnust seek re-election. Organisational structure There are currently 3 Truslees, and they meet at least quartedy to adrninisler the Charity. The Chief Executive Officer Is supported by a management leadership team. Extemal consultsnts assist when required with some specialised activities for the Charity. Induction and training of new trustees The current trustees are familiar wth Ihe practical work of the Charity and Ihe content of the Memorandum and Articles of Association. Truslees are encouraged to attend appropriale external training events where these facilitate the undertaking of their role. Key management remuneration Any senior and key personnel pay alterations are discussed by the Irustees after taking due consideration of Ihe sectols market conditions and other factors such as advancement in training, experience and responsibility. Related parttes The charity's related parties are the trustees and their families. Risk management The Trustees have a duty to assess the rtsks to which the charity may be exposed and to put into pla such systems and processes as may be necessary to prevent fraud perpetrated against the charity, with a consequential loss of income or assets or incurring of expenditure and liabiltties, and to ensure thal the financial slatements are free from material fraud and error. The trustees are also responsible for the implementation and conlinual monitoring of those systems and processes and compliance with the laws and regulations applicable to the charity. REFERENCE AND ADMINISTRATr DETAILS Registered Company number 04266500 (England and Wales) Registered Charity number 1089471 Page 4
Williarn Blake House Northants Acom an limited b uarantee Re ort of the Trustees For The Year Ended 30th Se tember 2024 Registered office 2 High Street 812kesley Towcester Northamptonshire NN12 8RE Trustees Mrs P J Jenner Director {resigned 21.4.2024) B Hamid Chairman and Director l J Hiscock Consultsnt and Director (resigned 4.4.2025) P Allen (appointed 21.4.2025) S Shinn (appointed 4.4.2025} Company Secretsry Mrs J A Other Audltors Cheney & Co Statutory Auditor 310 Wellingborough Road Northampton NN14EP EVENTS SINCE THE END OF THE YEAR Information rèlating to events since the end of the year is given in the notes lo the financial statem8nts. STATEMENT OF TRUSTEES. RESPONSIBIUTIES The trustees (who are also the directors of William Blake House Northants for the purposes of company law) are responsible lor preparing ihe Report of the Trustees and the financial statements in accordance with applicable law and Unitèd Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice>. Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees arè required to select suitable accounting policies and then apply them consistently., obsetve the methods and principles in the Charity SORP. make judgements and eslimales thal are reasonable and prudent., state whether applicable accounting standards have been followed. subject to any material departures disclosed and explained in the financial statements.. prepare Ihe financial statements on the going concem basis unless tt is inappropriate to presume that the charitable company will continue in business. The trustées are responsible for keeping proper accounting records which disclose wÈth reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of Ihe charttable company and hence for taking reasonable steps for the prevention and detection of fraud and other [egular1ties. In so far as the trustees are aware.. there is no relevant audit information of which the charitsble company's audttors are un8ware-, and the trustees have taken all steps that they ought lo have laken to make themselves aware of any relevant audit information and to establish thal the auditors are aware of that infomiation_ Report of Ihe trustees. incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 25th June 2025 and signed on the board's behalf by-. B Hamid- Trustee Page 5
Re ort of the Inde endent Auditors to thè mernbe of illiam Blake House Northants Opinion DisGlaimèr of opinion We were engaged to audit the financial statements of William Blake House Northants ( A company limited by guarantee) < the comp8ny} for the year ended 30th September 2024 which comprise the Ststement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significanl accounting policies_ The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards ( United Kingdom Generally ACpted Accounting Practice). We do not express an opinion on the accompanying financial statements of the company. Because of the signrficance of the matter described in the basis for disclaimer of opinion section of our report, we have not been able to obtain sufficient appropriate audil evidence to provide a basis for an audit opinion on these financial Statements. Page 6
ort of the Inde endent Auditors to the Members of Illiam Blake House Northants Basis for disclaimer of opinion In the auditors, opinion the company is not a going ttjncem because on 22nd January 2025 HM Revenue & Customs commenced legal proceedings in the High Court to recover a debt due amounting to appr0m8telY £1.5million The company's legal representatives presented paperwork lo the court which resulled in the judge granting a 12 week adjournment, to which further adjournment have also been applied for and obtsined, subject to the planning being heard, which the company hope to use to upgrade the existing local authority pr&pl8nning consent so that fijll planning consent can be obtained so thal the development of the company's land can go ahead. We have seen correspondence between the company and a potential developer. who has shown an interest in acquiring the land once planning is granted. Extemal property valuers, Fisher Gemian, have ststed that a developer could. in this instance. pay approximately £ 1.85 million for the land. Other issues which gave rise to a disclairner of opinion for both the year to 30th September 2024 (and also the previous accounting year ended to 30th September 2023), to which wè wish to draw the readerfs attention. are as follows=_ PAYEINIC debt of £1,393,485 at 30th September 2024 (30th Septernber 2023: £865,973 owing to HM Revenue & Customs. The company has not paid its monthly PAYE & National Insurance liabilities when due but has allowed the debt to build up to approximately 21 months, worth at the year ended thè 30th Seplember 2024. HMRC were in communication with the company about this matter. Since the year end the liability as at 25th June 2025 has risen lo £1,544,823 including interest which represents approximately 27 monlhs. Strategy costs debtor £649,380 at 30th Septsmber 2024 (30th September 2023: £425.115) These have been recognised as a debtor in the financial slatements, due from the charity Sleiner Friends Limited . The stralegy costs were invoiced by a company owned and controlled by the chaimian of William Blake House Limited. The board approved this arrangement and is aware of it. The purpose of the strategy costs was. inter alia, to develop educational malertals and seminars based on the Rudolf Sleiner Ethos and Philosophy. The digital educational materials on the web-based platform have not gone Itve on the Intemet at the date of this report. The consultancy agreement lating to the development of the strategy. which was signed by William Blake House Northants and Van Kruger Consulting Limited on 22nd November 2017, cross-refers to a project detail form relating to a ten-year stratègy beeeft 2017 and 2027. During a meeting of the trustees on 23rd October 2024, the Board agreed thal the cosls incurred in the development of the strategy should be re¢harged to Steiner Frfends Limlled once the project is complete. Following the trustees, meeting, the costs incurred have been recognised as belonging to Sleiner Friends Limited. Therefore, Ihe debtor has been included in these financial statements at the balance sheel date. Since there were no repayments of these debts at the date of this report, we believe that this debtor should be classified as being due after more than one year. The Chaiman has provided an initial estimate of what he believes the project could generate in the first three years of going live. However. as the project isn't live, we are unable to comment on the viability of the projections provided. Valuation of the freehold land & buildings The financial statements show the value of the land and buildings as delemiined by professional valuers Fisher Gemian, and incorporated in the year ended 31 March 2020 slatutory financial statements in the sum of £575.000, which is a market valuation if the land was put up for sale at that time. On 4th June 2025, valuers Fisher German prepared a valuation which showed the same stte worth £250,000 for existing use basis but a valuation of £1,850,000 once the Planning consenl for Ihe development has been granted. A pre application has been approved with minor amendments. and at the date of this report the full application has been lodged and 15 due to be decided upon wthin the next few weeks. The Trustees requested the ortginal valuation of £575,000 be relained as this valuation was provided as Ihere would ayS be some hope value associated wilh any sale, ar)d given the planning application process, it is likely that an in use valuation would be more than achievable on a sale prior lo the issue of the planning consent. We wish to draw the attention of the readers of this report to Ihe possibility that an impairment write-down of £325,000 may be appropriate. leading to a further worsening of the companls results for the period by a figure of £325,000. Page 7
ort of the Inde èndent Auditors to the Members of William Blak House Northan Consequential adjustments required to figures in the financial ststsments rf the company provès not to be a going concern: 11) The leasehold improvements and propety improvements included in tangible fixed assets of nèt book value £43,578 {30th September 2023.. £93,456) may be worthless as they are integral features and decorations relating to properh.es rented by the company and not owned by L The same moht apply to the fixtures wlh a net book value of £23,860 (30th September 2023..£39,285> 121 The 8uditors believe that Trade Debtors of .476 are iTheo)verable as they were still ouistanding at the date of this reporL 13) At present. Steiner Friends knmited is not in a posrtion to repay the Strategy costs debtor of £649,380 if the debt was called in. However, the tnJstees believe Steiner Friends could generate income over a period of time to repay an amount of the debt once the project is operational. Along wrth this. rf prepared on a breakup basis, there may be a potential sale value of the project on an open markeL We do not have the expertj.se to say what that value might be,. we just know that the is a possibility it has a value. If these accounts were prepaj on a breakup basis, a provision for this amount might need to be provided. {4} The land and buildings are only worth £250,CQO on an existing use basis". however, if Prepared on a break-up basis, a valuation could be obtained to show the value that would be recover&J rf the land and buildings were put on the open market. Conclusions relating to going concern The reader's attenb'on is referred to the basis for disdaimer of opinion paragraph above. We have been provided with a profit and loss forecast whith does show that in the calendar year of 2026 the company will start making a profft on a monthly basis. This is supported by the October 2024 to L}ember 2024 management accounts seen at the dale of this report also 'ng profitsble. The company's ability to setue the OLrtstsnding liabile$ th HMRC is solety dependent on the grant of planning pemlssion and the subsequent sale of land for the projected value as Indithd by Fisher German. Other Infom)afjon Opinions on other matter5 prescribed by the Companies Act 2006 NOlth$nding our disdaimer of opinion on the financial ststements, based on the work undertaken in th8 cours8 of the audttr. - the infomatlon given in the Report of ts Trustees for the finanri81 year for whith the finana81 statements are prepared is consistent with the finanaal stslements; and - th& Report of the Trustees has been prepared in accordan wth applicable legal requirements. Matters on vthich we are requirod to rnport by exception NOltStanding our disclaimer of an opinion on the financial statsnents. in the light of the knowledge and understanding of the company and its environment obtained in the course of the audit performed subject to the disclaimer of opinion descTib8d above, wé have not identified matsrial misststements in the Report ofthe Trustees.. Arising ftom the disclaimer of opinion referred lo above.. -we have nol obtsined all the infomation and explanations that we have consMJered necessary for the purpose of our 8udtL and -we were unable to deternine whether adequate accounting records have been kept We have nothing to report in resFec of the following matters in relatwjn to whith the Companies Act 2006 requires us to report to you. if, in our opinion.. -rebJrns adequate ft)r our audit have not been reiVed from branches not visrted by us '.or -the financial statsments are not in agreementwilh the accounting records or rettjms," or <ertain disdosures of direcior trustees, remuneration Scled by law have not been made" or -the directors were not enttued to prepare the financi81 statemerts in aco)rdan with the small companies regime and take advantage of the small companies. exemptions in preparing the d1ctOrS. report and from the requirements to prepare a strategic reporL Page 8
ortof the Inde endent Auditors t the Member5 of William Blake House Northants Responsibilities of trustees As explained more fully in the Statement of Trustees, Responsibiltties, the tmstees (who are also the directors of the charitable company lor the purposes of company law) are responsible for the preparalion of the financial statements and for being satisfied that they give a true and fair view, and for such intemal conlrol as the trustees detenTsine is necessary to enable the preparation of financial ststements that are free from material misstatement, whether due lo fraud or error. In preparing the financial statemen15, the trustees are responsible for assessing the charitable company's abilty to continue as a 90ing concem, disclosing, as applicable. matters related to going concern and using the going concem basis of accounting unless the trustees either intend to liquidate the charitable company or lo cease operations, or have no realistic allernative but to do so. Page 9
Re ort of the Inde endent Audito to the Members of William Blake House Northants Our responsibllities for the audit of the financial ststsments Our objectives are to obtain reasonable assurance about whelher the financial ststements as a whole are free from material misstatement, whether due to fraud or eOr, and to issue a Report of the Independent Auditors thal includes our opinion. Reasonable assurance is a high level of assurance, is not a guarantee Ihal an audit conducted in accordance with ISAS <UK) wll always detect a material misstatement when it exists. Misslalements can aiise from fraud or error and are considered material rf. 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. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.. Irregularities , including fraud, are instances of non-complian wtth laws and gUlatiOns. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities , including fraud, is detailed below.. We obtsined an understanding of the legal and regulatory fraffleworks applicable to the company and the sector in which it operates. We determine that the following laws and regulations were most significant.. the Companies Act 2006. thè Charities Act 2022, UK employment taxation laws Compliance with the requirements of the Care Quality Commission regarding regulations goveming the care of vulnerable persons with learning difficulties in residential accommodation and day-care situations, Employment Legislation and Health and Safety Leg151ation affecting employees. There are no critical judgements of an unusual nature. The tumover is mainly from residential care and day-care income which is closely monitored by the trustees and other administrative staff including the CEO. We have undertaken high levels of substantive testing of balances in the statemenl of financial position and have performed a detsiled analytical review of the income statement. Prior to commencement of the audit slaff were briefed on the risk assessment of the susceptibility of the Company financial statements to material misstatement , including fraud . Audit procedures performed included: identifying and assessing the design and effectiveness of controls management has in place to prevent and detect fraud., and understand5ng how the trustee directors considered and addressed the potential for override of ¢ontrols or Inappropriate influence over the financial reporting process.. and challenging assumptions and judgements made by management in significant accounting estlmates where appropriate',and identifying and testing joumal entries in particular any joumal entries posted unusual account combinations, as appropriate., and - assessing the extent of Compliance with laws and regulations. At the completion stage of the audit the results of audit tests were re-examined lo ensure that they ware consistent with our knowledge of Ihe company and did not warranl furiher investigation of transactions and balance5. As mentioned above. in the basis of opinion paragraph ,we are ConMed that the delay in paying the HMRC debt relating io PAYE and National insurance has given and will give rise to interest thereon and the delay in filing the charitable company's accounts, will give rise to compliance penalties chargeable by Companies House. Our responsibilily is to conduct an audit of the companys financial statements in accordance with Intemational standards on Audiling (UK) and to issue an audit report. However , because of the matter described in the basis of opinion paragraph section of our audit report . we were not able to obtsin SLrfficient appropriate audit evidence to provide a basis for an audtt opinion on these financial statements. We are independent of the company in accordance with the ethical requirements that are relevant to our audlt of Ihe financial statemenls in the UK, including the FRC'S Ethical Standard. and we have fvlfilled our other ethical responsibilities in accordance with Ihese requirements. A further description of our responsibiltties for the audit of the financial statements is located on the Financial Reporting Council's website at .frc.Org.Ukl8udttoreSpons1bllitses. This description forms part of our Report of the Independent Auditors. Page 10
ort of the Inde endent Auditors to the Members of William Blake House Northants Use of our report This report is made solely to the charitable companys members, as a body. in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audtt work has been undertaken so that we might state to the charitable company's members those mattets we are required to slate to them in an auditors, report and for no other purpose. To the fullest éxtent pemiilted by law, we do not accept or assume responsibiltty to anyone olher than the chaiilable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have fom)ed. Paul Cummings ACA (Senior Statutory Auditor) for and on behalf of Cheney & Co Statutory Auditor 310 Wellingborough Road Northampton NN14EP 25th June 2025 Page11
William Blake House Northants Acom an limited b uarantee ststement of Financial Activities Incor oratin an Income and Ex enditure Account For The Year Ended 30th Se tember 2024 2024 UnrÈstricted fund 2023 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 3.045 5,336 Charitable activities Residential Care fees 3,464,805 3,017,905 Other income 231.309 193,459 Totsl 3,699,159 3,216,700 EXPENDITURE ON Charitable activtties Residential Care & Household costs Residential Care fees Support costs 3,691,523 65,530 90,768 3,503,309 50,276 Oth8r 240 Total 3.848,061 3,553.590 NET INCOMEI{EXPENDITURE) (148,902) (336,890) RECONCILIATION OF FUNDS Total funds brought lornvard 354,410 691,300 TOTAL FUNDS CARRIED FORWARD 205,508 354,410 The notes fom part of these financial statements Page 12
Ijwilliam Blake House Northants Acom an limited b istered number: 04266500 uarantee Balance Sheet 30th Se tember 2024 2024 Unrestricted fund 2023 Total funds Notes FIXED ASSETS Intangible assets Tangible assets 11 12 2,425 681,657 2,915 751,365 684.082 754,280 CURRENT ASSETS Stocks Debtors Cash at bank and in hand 13 14 10,400 1.039,960 99.625 10,400 615,231 100,376 1,149,985 726,007 CREDITORS Amounts falling due within one year 15 (1.613.704) {1,101.022) NET CURRENT ASSETS (463,719) 1375,015) TOTAL ASSETS LESS CURRENT LIABILITIES 220.363 379,265 CREDITORS Amounls falling due after more than one year 16 114,855) (24,8551 NET ASSETSIILIABILITIES) 205,508 354.410 FUNDS Unr8strict8d funds 20 205,508 354,410 TOTAL FUNDS 205,508 354.410 The financial statements were approved by the Board of Trnslees and authorised for issue on 25th June 2025 and were signed on its behatf by.. B Hamid - Trustee The notes form part of these financial statements Page 13
William Blake House Northants Acom an limited b uarantee Cash Flow Ststement For The Year Ended 30th Se tember 2024 2024 2023 Notes Cash flows from operating activities Cash generated from operations Interest paid 23 34,313 17.021) 145,819 147,350) Net cash provided by operating activities 27.292 98,469 Cash flows from investing activities Purchase of tangible fixed assets Sale of tangible fixed assets (18,044) (27,676) Net cash used in investing activities (18,043) (27,676) Cash flows from financing activities Loan repayments in year 110,000) (9,690) Nel cash used in financing activities {io,000) (9,690) Change in Cash and cash equivalents In the reporting period Cash and cash equlvalents at the beginning of the reporting period 1751) 61,103 100,376 39,273 Cash and cash equivalents at the end of the reporting period 99,625 100,376 The notes fonn part of these financial statements Page 14
William Blake House Northants Acom an limited uarantee Notes to the Finan¢ial Statements ForThe Year Ended 30th Se tember 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance wtth the Charities SORP (FRS 102) 'Accounting and Reporting by Charilies- Statement of Recommended Practice applicable to chartties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effeclive 1 January 2019)., Financial Reporting Stsndard 102 The Financial Reporting Stsndard applicable in the UK and Republic of Ireland. and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. as modtfied by the revaluation of certain assets. The financial statements have been prepared under the going concern basis which the trustees believe is appropriate because of their belief that the H M Revenue and Customs will not seek to wind -up the charity in order lo recover the income tax and national Insuran liabilities outslanding. The presentation currency of the financial statements is the Pound Sterting (£). The charity is a private limited company, limited by guaranlee and its registered office is at 2, High Street, Blakesley, Towcesler, Northamptonshire NN12 8RE. The Charitable company is registered at Companies House in England & Wales ( Registered Number 04266500) and with the Charity Commission of England & Wales ( Registered Number 10894711. The principal activity of the charity in the period wa$ the provision of a spiritually oriented community consisting of a number of small registered care homes Serving the development needs of residents with learning disabilities. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated, DebtoryJ Debtors are measu at their recoverable amounts. Liabilities LiabilTti65 are recognised and measured at their settlement amount. Income All intome is recognised in the Statemenl of Financial Activities once the charity has enlstlement to the funds. Donations These a re¢ognised upon reIpl of the donalion. Bank interest received This is recognised upon receivable basis and is included once this has been credtted to the bank account from Ihe respective financial institution, as the accounting period is made up to a quarter month in which the interest is received. Residential Day Care Income All of the residents of the charity have different care needs and as such the income for each resident is agreed with the local aLrthority in which the resident originally resided. Their needs are assessed by reference to the contract agreed with each local authority, together with any upltft for additional care at the request of their parent or guardians and additionally lianCe is plad Mth the Care Quality Calculator to detemine the value of the daily rale of care. Invoices are then raised each month with reference to the agreed contract, subject to periodic uplifts to address the inflationary issues with the costs associaled with the individual resident's care. Day Centre fee and other income The day centre fee5 a detemiined by reference to the spectfic activrties and the level of care required to support people undertaking the activities.These are detemiined on a day rate and charged on a daily basis to the customers by reference to an attendance diary of participants. Page 15 continued...
William Blake House Northants Acom an limited b uarantee Notes to the Financial Statements - continued For The Year Ended 30th Se tember 2024 ACCOUNTING POLICIES - continued Expenditure Liabiltties are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity lo that expendtture, it is probable that a transfer of economic beneffts wll be reqLtired in settlement and the amount of the obligation can be measured reliably_ Expenditure is accounted for on an accrua15 basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to acttvities on a basis consistent wtth the use of reSoUrs. Trademarks Trademarks are being amortized at 10Qh of cost ennually. Where appropriate, impainTJent of trade marks is made, where their recoverable amount in lerms of economic value for generating future income streams, is in doubt. Tangible fixed assets Depreciation is provided at the followtng annual rates in order to write off each assel over its estimated useful life. Leasehold improvements Improvements to property Plant and machinery Fixtures and fitknngs 20D/4 on Cost and 15¥¢7 on cost 33Q/o on reducing balance, 250/0 on reducing balan and 59/0 on cost 25% on reducing balance Improvements to propety include capitalised repairs as part of redecorating costs Repairs with a cumulative monthly value in excess of £500 are treated in this way. The redecoration costs a written off on a straight line basis over 2 years. stocks Stocks comprise food, fuel oil ,protective clothing ( PPE) and cleaning requisiles at the resldential homes and shrubs for sale in the greenhouses at the country centre.These items are stated at the lower of cost and net realisable value. Taxation The charity is exempt from corporation tax on its charitsble activities. Fund accounting Unrestricted funds can be used in accordance with the charitable object¢ves at the discrelion of the trustees. Restricted funds can only be used for particular restricted purposes wthin the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fvnd is induded in the notes to the financtal statements. Hire purGhase and leasing commitments Rentals paid under operating leases are charged to the Statement of Financial Aclivilies on a straight line basis over the period of the lease. Pension costs and other post-retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Page 16 continued...
Willlam Blake House Northants Acom an limited b uarantee Notes to the Financial Statements - continued For The Year Ended 30th Se tember 2024 DONATIONS AND LEGACIES Donations received in the year amounted to £3,045 (2023 = £5.336). INCOME FROM CHARITABLE ACTIVITIES 2024 2023 Activity Residential Care fees Residential care fees 3.464.805 3,017,905 OTHER INCOME 2024 2023 Day Care income Country Centre day care fees Country Centre shop income 219.678 1,235 190,816 642 Other income Miscèllaneous Income Advocacy & Excess Mileage 244 10,152 2,001 231,309 193,459 CHARITABLE ACTIVITIES COSTS Support costs (see note 6) Direct Costs Totals Residential Care & Household $t$ Residential Care fees Support costs 2,911,670 779,853 65,530 90,768 3,691.523 65,530 90.768 2.911.670 936,151 3,847,821 SUPPORT COSTS Residential support costs Establishmenl expenses Govemance costs Totals Other resources expended Residential Care & Household costs Residential Care fees Support costs 35 329.270 65,530 140 35 779,853 65,530 90.768 437.994 12,589 90,628 437.994 394.975 103,217 936.186 Page 17 continued...
William Blake House Northants Acom an limited b uarantee Notes to the Financial Statements - continued For The Year Ended 30th Se tember 2024 NET INCOMEI{EXPENDITURE) This is staled after charging-. 2024 2023 Auditors, Remuneration 14,400 7.200 Amortisation-intan9ible fixed assets 490 449 Depreciation-owned assets 75.162 92,274 Other operating Leases - Rent of properties 218.239 205,224 Motor vehicles 33,135 40,163 erest able Bank Loan interest 648 958 Inlerest on late paid Tax & National Insurance 10,747 41.349 Bank interesl & Charges 6,338 5,043 Ovérall Figure for Interest Payab18 17,085 46,392 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for Ihe year ended 30th September 2024 nor for the y8ar ended 30th September 2023. Trustees. expense5 There were no trustees, expenses paid for the year ended 30th September 2024 nor for the yèar endèd 30th September 2023. Page 18 continued...
Illiam Blake House Northants Acom an limited b uarantee Notes to the Financial Ststements- continued For The Year Ended 30th Se tember 2024 STAFF COSTS 2024 2023 Wages and salaries Social security costs Employer Pension Contributions to defined contribution schernes 2,263,870 212,830 63.880 2,059.210 192,938 60,780 2,540,580 2,312,928 The average monthly number of employees during the reporting periods we. Managerial Staff Volunteers No. No. 73 71 81 79 During the reporting periods the followtng emoluments were paid 2024 2023 £ 60,000- £ 70,000 £ 90,000- £100,000 £110.000- £120,000 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund INCOME AND ENDOWMENTS FROM Donations and legacies 5,336 Charitable activities Residential Care lees 3,017,905 Other income 193,459 Total 3,216,700 EXPENDITURE ON Charitable activities Residential Care & Household costs Support costs 3,503,309 50,276 Other Totsl 3,553,590 NET INCOMEI(EXPENDITURE) {336.8901 RECONCILIATION OF FUNDS Totsl funds brought forward 691,300 Page 19 continued...
William Blake House Northants Acom an lirnited b uarantee Notes to the Financial Statements- continued For The Year Ended 30th Se mber 2024 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted fund TOTAL FUNDS CARRIED FORWARD 354,410 INTANGIBLE FIXED ASSETS Strategy costs Trademark Totals COST At 1st October 2023 and 30th September 2024 4.900 6,550 11,450 AMORTISATION At 1 st October 2023 Char9e for year 1,985 490 6,550 8,535 490 At 30th September 2024 2.475 6.550 9,025 NET BOOK VALUE At 30th September 2024 2,425 2,425 At 30th September 2023 2.915 2,915 12. TANGIBLE FIXED ASSETS Improvement5 to property Freehold land Leasehold improvements COST At 1st October 2023 Additions Dispos81s 575.000 363,793 4.615 18,016) 41,916 380 {3,756) At 30th September 2024 575,000 360,392 38,540 DEPRECIATION At 1 sl October 2023 Charge for year Eliminated on disposal 299,956 45,798 16,425) 12,297 3,735 At 30th September 2024 339.329 16,032 NET BOOK VALUE At 30th September 2024 575.000 21.063 22,508 At 30th September 2023 575,000 63.837 29.619 Page 20 continued...
William Blake House Northants Acom an limited b uarantee Notes to the Financial Statements - continued For The Year Ended 30th Se tember 2024 12. TANGIBLE FIXED ASSETS- continued Fixtures and fittings Plant and machinery Totals COST Al 1st October 2023 Additions Disposals 121,909 3,479 16,808) 216.172 9,570 (98.7521 1.318.790 18,044 (117,332) At 30th September 2024 118,580 126.990 1,219,502 DEPRECIATION At 1 st October 2023 Charge for year Eliminated on disposal 78,285 7,218 (6,141) 176,887 18,411 {92,176) 567,425 75.162 1104,7421 At 30th September 2024 79,362 103.122 537.845 NET BOOK VALUE At 30th September 2024 39,218 23.868 681,657 At 30th September 2023 43,624 39,285 751,365 The valuation of Ihis land at 1 st October 2020 was £575,000 .This was valued by Fisher German LLP which the tTUStees believe is still a fair valuation. 13. STOCKS 2024 2023 Stocks 10,400 10,400 14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors-care fees Other debtors Amounts due from Steiner Friends Lld Prepayments and accrued income 364,904 4,693 162,794 435,144 649,380 20,983 180 17.113 1,039,960 615,231 Irbcluded in the 2024 figures is £649.380 (2023- £425,115} owed by Steiner Friends Limited in relation to strategy costs incurred in development of digital educational and information webinars conceming the Rudolf Steiner method and its applicability to daily lrfe and sttuations. The trustees intend that repaymenls will be made out of future income derived once the system goes live. Al the date of signing of these financial statements the directors of Steiner Friends Limited are Ihe same as the directors of William Blake House Northants Page 21 continued...
William Blake House Northants Acom an limited b uarantee Notes to the Financial Statements - continued For The Year Ended 30th Se tember 2024 15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Bank loans and overdrafts (see note 17) Trade creditors Social security and othertaxes Other creditor5 Accruals and deferred income 8,333 16,775 1,429,981 49,445 109,170 8,333 105,563 865,973 42,526 78,627 1,613,704 1,101,022 16. CREDITORS: AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR 2024 2023 Bank loans (see note 17) 14.855 24.855 17. LOANS An analysis of the maturity of loans is given below= 2024 2023 Amounts falling due within one year on demand.. Bank loans 8.333 8,333 Amounts falling beteen one and Iwo years.. Bank loans- 1-2 years 8,333 8,333 Amounts falling due beeen and fwe years: Bank loans- 2-5 years 6.522 16.522 18. LEASING AGREEMENTS Minimum lease payments under noTrC8nlab1e operating leases fall due as follows.. 2024 2023 Within one year Between one and five years In more than five years 212,823 445,030 197,844 584,621 14,583 657.853 797,048 19. SECURED DEBTS The Nat Westminster Bank plc, has a fixed and floating charge dated 22nd November 2018, over the assets of the company. Page 22 continued...
William Blake House Northants Acom an limited b uarantee Notes to thè Financial Statements - continued For The Year Ended 30th Se tember 2024 20. MOVEMENT IN FUNDS Net movement in funds At 1.10.23 At 30.9.24 Unrestrtcted funds General fund 354.410 {148,902) 205,508 TOTAL FUNDS 354.410 (148,902} 205.508 Net movement in funds, included in the above a as follows.. Incoming resources ReSoUrS expended Movement in funds Unrestricted funds General fund 3,699,159 {3.848,061) {148,902) TOTAL FUNDS 3.699.159 {3.848,0611 (148,902) Comparatives for movement in funds Net movement in funds At 1.10.22 At 30.9.23 Unrestricted funds General fund 691,300 (336,890) 354,410 TOTAL FUNDS 691,300 {336,890) 354,410 Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 3,216,700 (3,553,590) (336,890) TOTAL FUNDS 3,216,700 (3,553,590> (336,890) A current year 12 months and prior year 12 months combined position is as follows.. Net movement in funds At 1.10.22 At 30.9.24 Unrestricted funds General fund 691,300 {485.792) 205,508 TOTAL FUNDS 691,300 {485,792) 205,508 Page 23 continued...
William Blake House Northants Acom an limited b uarantee Notes to the Financial Statements - continued For The Year Ended 30th Se tember 2024 20. MOVEMENT IN FUNDS - continued A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds Gèneral fvnd 6,915,859 (7.401.651) (485,7g2) TOTAL FUNDS 6,915,859 (7,401,651) 1485,792) 21. RELATED PARTY DISCLOSURES One of Ihe trustees is the director of a company, Van Kruger Consulting Limited, which supplied consultancy services, including recharged expenses which are reflecled in the Statement of Financial Activities as follows 2024 2023 Consultancy F88s -included in professional fees. 55.328 53,733 strategy Fees re Steiner Friends Project and future strategy for William Blake House Northants Cosls and carried loward in debtors al the period end.(see Debtors Note) 224,265 166,735 Amortisation of capitslised stralegy costs 5,895 22. POST BALANCE SHEET EVENTS At a board meeting held on the 23rd October 2024, it wa$ agreed that the Strategy Costs incurred in development of commercial seiCe$ aligned to the Rudoff Steiner principles will be invoiced to Steiner Friends Registered Charity Number 107178, the Trustees of which are Ihe same as for William Blake House Northants. These costs would then be repaid from the income stream that this strategy will create. There has been no invoicing adjuslments included in these financial slatements as the decision was taken after the end of the accounting period. 23. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net expenditure for tha reporting period las per the Staternent of Financial Activities) Adjustments for: Deprecialion charges Loss on disposal offixed assets Interest paid InGrease in debtors Increase in creditor5 (148,902) (336,890) 75,652 12,589 7.021 1424,729) 512,682 91,823 47,350 (58,813) 402,349 Net cash provided by operations 34,313 145.819 24. ANALYSIS OF CHANGES IN NET FUNDS At 1.10.23 Cash flow At 30.9.24 Net cash Cash at bank and in hand 100,376 {751) 99,625 100.376 {751) 99,625 Page 24 continued...
William Blake House Northants Acom an litnited b uarantee Notes to the Financial Ststements- continued For The Year Ended 30th Se tember 2024 24. ANALYSIS OF CHANGES IN NET FUNDS _ Continued Debt Debts falling due within 1 year Debts falling due after 1 year (8,333) (24,855) {8,333} {14,855} 10,000 (33,188) 10,000 (23,1881 Totsl 67,188 9,249 76,437 Page 25
Iwilliam Blake House Northants Acom an limited b uarantee Detailed Statement of Financial Activities ForThe Year Ended 30th SÈ tember 2024 2024 2023 INCOME AND ENDOWMENTS Donations and legacies Donations 3,045 5,336 Charitable activities Residential care fees 3.464,805 3,017,905 Other income Day Centre fees & Other Income 231,309 193,459 Total incoming resources 3.699.159 3,216,700 EXPENDITURE Charitsble activltles Employer pènsion costs Seniors salary Seniors salary (NIC) Care stsff salary Care staff salary (NIC) Health insurance Agency staff and care workers Volunteer allowance & expenses Supei$l0n Therapists & Doctors Medical Nutrition Motor and other travel Community outings & activtlies Professional fees Sundry 63,880 263,021 28,172 1,768,051 159,892 1,115 266,384 16,073 3,104 18,080 12,286 95,730 83,179 29.036 103,413 254 80,780 272,896 29,063 1,594,913 143,423 251,712 14,227 5,3e3 16,318 20,611 92,570 92,548 27,578 74,756 428 2,911,670 2,697,186 other Charitable donations 205 Support costs Establlshment expenses Rent Council tax & water rales InSUran- Combined Light and heal Telephone Farm running expenses Household & deaning Repairs & maintenance Gardening 218,239 28,732 39,327 60,927 3,636 4,827 25,315 55,261 1,730 205,224 16,744 30,620 53,641 5,778 8.687 21,000 39,661 2,202 437,994 383,557 Residential support costs Management and administrative salaries Carried ft>Tward 232,798 232,798 191,400 191,400 This page does not form part of the ststutory financial ststements Page 26
illiam Blake House Northants Acom an lirnited b uarantse Detailed Statement of Financial Activities For The Year Ended 30th Se tember 2024 2024 2023 Residential support costs Brought fomard Management and administrative salaries (NIC) Health Insurance Training Office expenses Webstte & computer costs Recrurtment expenses Amortisation of intangible fixed assets Depreciation of tangible fixed assets Bank charges & interest Bounce Back Loan Interest Interest on18te paid Tax & Nl 232,798 24,766 557 17,006 26.809 10,226 140 490 75,162 6,373 648 191,400 20,453 17,344 30,695 22,601 449 92,274 5,043 958 41,349 394.975 422,566 Govemance costs Auditors, remuneration Meeting expenses coc Bookkeeping Professional fees HMRC penalties and interest Loss on sale of tangible fixed assets 14,400 2,488 4,583 41,605 16.805 10,747 12,589 7,200 1,705 2,823 37,283 1.230 35 103,217 50,276 Total resour5 expended 3.848.061 3,553,590 Net expenditurè (148,902} (336,8901 This page does not form part of the statutory financial statements Page 27