REGISTERED COMPANY NUMBER: 04130514 (England and Wales) REGISTERED CHARITY NUMBER: 1092070 Re ort of the Trust99$ and Financial Statements for the Year Ended 31 December 2023 for Eventide Residential Home Lirnited Melherell Gard Ltd Chartered Accountants Burn View Bude Cornwall EX23 8BX
Eventlde Residential Home Limited Contents of the Financial Statements for the Year Ended 31 December 2023 Page Report of the Trustees Independ9nt Examiner's Report Statement of Financlal Activlties Balance Sheet Cash Flow Statement Notes to the Cash Flow Statefflgnt Notes to the Financial Ststements 10 to 18
Eventlde Resldential Home Limitgd Re ort of the Trustees for the Year Ended 31 December 2023 The trustees who are also directors of the charity for the purposes of Ihe Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provision5 of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland IFRS 102) {effeclive 1 January 2019). The financial statements have been Prepared in accordance wilh the accounting policies set out in notes to the accounts and comply wsth the charity's governing document, the Charities Act 2011 and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Finan¢ial Reporting Standard appli¢3ble in the UK and Republic of Ireland published in October 2019. OBJECTIVES AND ACTIVITIES Objectives and aims The original charter states that the charitys aim is to promote th8 care and relief of the elderly in particular by the provision of a residential home or homes. There have been no material changes to this objective in the past year. The income and propety of the charity shall be applied 501ely towards the promotion of its objects as Set forth in its Memorandum and Articles of Association. Subject to certain Pfovisions approved by the Charities Commission. Slgnlflcant activitlgs The primary objective both short and long temi is lo provide a secure and comfortable "home-from-home" for our residents, who feel that a little help in their day-to-day enjoyment of life does not IN any way affect their independence. This we feel encourages our residents to retain their belief in their individuality, and to make decisions regarding their lilestyle within a relaxed environment. The charity continues to work closely with Ihe local aulhority. in ensuring that good quality care is offered to elderly residents at an affordable price. Public benefit In setting their objectives and planning their activities the trustees have given carefijl consideration to the Charity Commission's general guidance on public benefit. ACHIEVEMENT AND PERFORMANCE Charitable activities A5 Stated above, the charitvs main objedive is to provide good qualty care to its elderly residents. The Home's staff are key to providing good quality care and all staff participate in recognised training programmes, and all are actively encouraged to use the continuing professional development that we provide lo obtain additional formal qualifications. The Manager, Assistant Managers. Senior Carers and Care Assistants have a wide range of experience with qualifications ranging from NVQ2, 3. 4 and 5 in care for the elderly. Trustees and staff endeavour to ensure that residents are provided with a variety of activities including exercise classes. quizzes, and games et¢. on a regular basis. Picture5 of these vaiious activities are shared on Facebook for the benefit of family and friends. The trustees hope that these activities will enhance the fvlfilmenl and enjoymenl of residents during their stay at the Home. Fundraising actlvlties The Charity does not carry out any fomal fundraising activities. Page 1
Eventlde Resldential Home Limited Re ort of the Trustees for the Year Ended 31 Dgcember 2023 ACHIEVEMENT AND PERFORMANCE Internal and extemal fa¢tors Occupancy levels are used to Measu perfomance, the Home is impacted by local authority policy and needs to ensure that the residents needs Can be met. The Home does not provide long-term nursing care. The Home has seen demand for ils rooms and periods of occupancy have been in line w7th previous years. Eventide has established a dislinclive criteria for the admission of residents lo the Home (including those in times of emefgenciesl in line with the accepted policies and procedures for the standard of care to be provided. The needs of all residents are assessed by the Manager and Assistant Managers and a written care plan Produced for each resident with their approval, and that of their family. This care plan is regularfy VieWed and updated to 8nsure the Home can still meet resident's needs. The trustees visit the Home regularly on an individual basis, lo ensure that each resident's requirements are heard and acted upon where necessary. The measurement of perfomiance against objectives is difficult in the context of the charity's particular activity however, the trustees are able to point towards the frequent positive feedback from residents and their families, as well as local doctors, community nurses and Care Quality Commission inspections. These have all been positive during the year. FINANCIAL REVIEW Financial position The charity's principal fvnding sour¢e remains the accommodation charges lo its residents which saw an increase of £32,485, with income of £680.337 in 2023 and £647,852 in 2022. Wages and salaries. by far the largest area of expenditure, have increased by £36,133 to £510.538. Overall. the trustees report a deficit for the year of £19.694. This is due to exceptional legal expenses and higher than expected maintenance costs incurred to comply with the latest fire regulations. ReseNes policy Reserves at the end of the year amounted to £290,747. This includes fixed assets of £113,463. which are used in the activities of the charity. The net current assets in the unrestricted fund available for use excluding tangible fixed assets total £174.820. The trustees believe that for financial stability the net current assets should be at least three lo six months expenditure. approximately £177,000 - £353,000. The trustees believe that this level of ieserves is required to protect against futu temporary falls in occupancy rates and lo ensure that funds are available for the ongoing maintenance of the property. The charity's assets are held to permit it to operate 5ucce55fully in accordan with its objectives. Th8 charity has liquid capital to cover its current liabilitie5. Going con¢ern The financial statem8nts have been prepared on a going concern basis as the trustees believe that no material uncertaint18S 8xisL The trvstees have considered the level of funds held and the expected level of income and expenditure for 12 months from aulhorising these financial 51alemenls. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern. FUTURE PLANS The Iru5tees intend lo continue running the charity along similar lines lo those currently being operated. Room rates are regularly reviewed by the trustees to ensure that the costs of providing good quality cafe are mel. STRUCTURE. GOVERNANCE AND MANAGEMENT Governing docurnent The chafity is a private company. limited by guarantee having no share capital, and is a registered chanty governed by its Memorandum and Article5 of Associalion. Recruitment and appointment of new trustees Trustees are appointed by invitation from the existing board of Irustees. All trustees appointed become registered members of the company. Organisational structure The board of trustees meet formally every months. Mattets arising beeen meetings are generally dealt with by the chairman Of the secretary. with due delegated authority. who will report back al the following rneeting. Page 2
Eventide Resldential Home Limlted Re ort of the Trustees for the Year Ended 31 D9cember 2023 STRUCTURE, GOVERNANCE AND MANAGEMENT Induction and tralnlng of new trustees All trustees are aware of their legal obligations under charity and company law. All trustees are also conversant with the Memorandum and Articles of Association, procedure of trustee meetings and the decision making process, and the recent Performance of the charity. In the event of a new appointment. the company secretary is charged with briefing the new trustee fully on all their obligations. However. the secretary is assisted by the other trustees as and when necessary. Exiernal training identified by the board. which is considered to be useftjl for the ongoin9 stewardship of the charity. is attended by the trustees wherever possible. Key management remuneration The trustees review einployee pay rates on an annual basis taking into consideration the percentage increase in the National Minimum Wage and National Living Wage. Related parties There were no related paty transactions during the year that require disclosure except for those shown in the notes 10 the financial statements. Risk managemént The Iruslees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide r8asonabl8 assurance against fraud and error. The major risks to which the charity is exposed. as identified by the trustees, have been reviewed and systems have been established to mitigate these risks. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 04130514 (England and Wales) Registeied Charity number 1092070 Registered offlce 22 Downs View Bude Cornwall EX23 8RQ Trustees Mrs J Pearce Mrs S Jones C Jep50n Ms L Green (resigned 15111241 Mrs J A Westaway (resigned 116123) G Hodgson Mrs J Davey R H Salt lappoirited 3115123} (resigned 8151241 Mrs S M Collick (appointed 3115123) Other senior personnel within the charity are Mr S Hutchinson, the charity's treasurer. and Mr B Birchmore, the anager, who is responsible for the day-to4ay running ol the Home. Company Secrelary Mrs S Jones Independent Examiner David Ni9el Cox FCA Metherell Gard Ltd Chartered Accountants Burn View Bude Cornwall EX23 8BX Page 3
Eventlde Residential Home Llmited Re ort of the Trustees for the Year Ended 31 December 2023 REFERENCE AND ADMINIST14ATIVE DETAILS Bankers Santander UK plc Bridle Road Bootle Merseyside L30 4GB Solicitors Peter, Peter & Wright 1 Queen Street Bude Cornwall EX23 8AZ All trustees of the chaiity are also appointed directors of the company. This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by order of the board of trustees on 31 May 2024 and signed on its behalf by.. Mrs S Jones - Trustee Page 4
Inde endent Examiner's R9 ort to th• Trustees of Eventide Residential Home Limited Independont ¢xaminerfs report to the trustees of Eventide Residential Home Limlted ('the Cornpanrfl report to the charity trustees on my examination of the accounts of the Company for Ihe year ended 31 December 2023. Responslbllltles and basis of report As the charity's trustees of the Company {and also its directors for the purpos8s of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 Acfl. Having satisfied myself that the accounts of the Company are not required lo be audited undei Part 16 of the 2006 Acl and are eligible for independent examination. I report in respect of my examination of your charity's accounts as Carried out under Section 145 of the Charities Act 2011 Ilhe 2011 Act.). In carrying out my examination I have followed the Direction5 given by the Charity Commission vnder Sectson 145(51 {bl of the 2011 Act. Indèpendent examinerfs statement Since your charity's gross income exceeded £250.000 your examiner must be a member of a listed body. I can confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Ac¢ountants in England and Wales. which is one of the listed bodies. I have completed my examination. I confim that no matters have come to my attention in connection wth the examination giving me cause to believe.. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Acl., or the accounts do not accord with those records., or Ihe accounts do not comply with the accounting requirements ol Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair wew which is not a matter considered as part of an independent examination., or the accounts have not been prepared in accordance with the methods and principle5 of Ihe Statement of Recommended Practice for accounting and reporting by charities (applicable to Charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 10211. I have no concerns and have come acros5 no other rnatters in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Davrd Nigel Cox Metherell Gard Ltd Chartered Accountants Burn View Bude Cornwall EX23 8BX Date.. Page 5
Eventide Residential Home Limited Statement of Financial Activltles oratin an Income and Ex enditure Account for the Year Ended 31 De¢ember 2023 Incor 2023 Total funds 2022 Total funds Unrestricted funds Restricted fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 30 30 1,306 Charitsble activities Care and relief of the elderly Grants received 680.337 680.337 3,600 647,852 12.423 3.600 Investment income 2,711 2,711 1.058 Total 683.078 3,600 686,678 662.639 EXPENDITURE ON Charitable activities Care and relief of the eld6rly 705,236 1,136 706,372 645,067 NET INCOMEI{EXPENDITUREI 122,1 $81 2,464 (19.694) 17.572 RECONCILIATION OF FUNDS Total lunds brought forward 310.441 310,441 292.869 TOTAL FUNDS CARRIED FORWARD 288,283 2,464 290,747 310,441 The notes form part of these financial slalements Page 6
Eventidg Residèntial Hom? Limlted Ro istered number: 04130514 Balance Sheet 31 December 2023 2023 Total funds 2022 Total funds Unrestricted fund5 Restricted fund Notes FIXED ASSETS Tangible assets 10 113,463 112,463 91,309 CURRENT ASSETS Debtors Cash at bank and in hand 49,145 154,718 49.145 157,182 11.179 236.958 12 2,464 203,863 2,464 206,327 248,137 CREDITORS Amounts falling due within one year 13 (29,043) {29.0431 129.0051 NET CURRENT ASSETS 174.820 2.464 177,284 219,132 TOTAL ASSETS LESS CURRENT LIABILITIES 288.283 2.464 290,747 310,441 NET ASSETS 288,283 2.464 290,747 310,441 FLINDS Unrestricted funds: General fund Restricted funds 15 288,283 2.464 310,441 TOTAL FUNDS 290,747 310,441 The charitable company 15 entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 Decembei 2023. The members have not required the company lo oblain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for lal ensuring that the charitable company keeps accounting records that comply wth Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and fair view of the state of affair5 of the charitable company a5 al the end of each financial year and of ils surplus or deficit lor each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial slatemenls. so far as applicable to the charitable company. {bl These financial slalements have been prepared in accordance with the provisions applicable to charitable companie5 subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 31 May 2024 and were signed on its behal by.. GHod so Trustee The notes form part of these financial slalements Page 7
Eventide Residenlial Home Limited Cash Flow Statement for the Year Ended 31 December 2023 2023 2022 Notes Cash flows from operating activities Cash generated from operations (51,549} 33,544 Net cash lused inllprovided by operating activities <51,549} 33.544 Cash flow$ from investing activities Purchase of tangible fixed assets Sale of tangible fixed assets Interest received (30,8151 1,092 1,496 15,2581 1,037 Net cash used in investing activities (28,2271 14.2211 Change in cash and cash equivalents In the reportlng period Cash and cash equivalents at the beglnning of the reporting perlod 179,776) 29.323 236,958 207,635 Cash and cash equivalents at the end of the reporting perlod 157.182 236.958 The notes fo part of these financial statements Page 8
Evgntid9 Residential Home Limited Notes to the Cash Flow Statement for the Year Ended 31 December 2023 RECONCILIATION OF NET {EXPENDITURE)IINCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2023 2022 Net (expenditurg)lincorne for the reporting period (as per the Statement of Financial Activities) Adjustments for.. Depreciation charges Loss on disposal of fixed assets Interest received (Increase)Idecrease in debtors Increaselldecrease) in creditors {19.694} 17,572 7,278 291 (1,496> 137.9661 38 6.302 (1.0371 21.114 {10.4071 Net cash (used inllprovided by operations 151,5491 33,544 ANALYSIS OF CHANGES IN NET FUNDS Al 1.1.23 Cash flow At 31.12.23 Net cash Cash at bank and in hand 236.958 (79,776) 157,182 236,958 179,7761 157.182 Total 236.958 (79,776) 157.182 The note5 fomi part of these financial slalemenls Page 9
Eventide Residential Home Limited Notes to the Financial Statements for the Year Ended 31 December 2023 ACCOUNTING POLICIES Basls of preparlng the flnanclal statements The financial statement5 of the charitable company. which is a public benefit entity undef FRS 102, have been prepared in accordance with the Charities SORP {FRS 1021 'Accounting and Reporting by Charities.. Ststement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applic2ble in the UK and Republic of Ireland {FRS 1021 {effective 1 January 2019),, Financial Reporting Stsndard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cosl convention. The Charity is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in spect of the guarantee is limited to £10 per member of the charity. See charity reference and administration details on the trustees report page 3. Accounting policies The principal accounting policies adopted, iudgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows.. Incomé Income is r8cognised in the Stat8m8nl of Financial Activities when the charity has enlitlem8nt lo the funds. il is probable that the income will be received and the amount can be measured reliably. Accommodation charges are recognised in the Statement of Financial Actsvities when the Charity is legally entitled to the income and as the right to consideration is obtained through perfomiance of contractual obligation. Income received in advance has been treated as deferred and is shown in note 13. Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject lo conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully mel. or the fulfilment of those conditions is wholly within the control of the charity and it 15 probable that those ¢ondilittns will be fulfilled in the reporting period. Interest and all other income is recognised when receivable and the amount can be measured reliably. Grants received Income from grants is recognised in the Slalement of Financial Activities once the charity hag enlillem8nl to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure. il 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 lo the category. Where wsts Cannot be directly attribvted to particular headings Ihey have been allocated to activities on a basis consistent with the use of resources. Irrecoverablé VAT is charged as an expense against the activity for which the expenditure arose. Allocation and apportionment of costs Support costs are those that assist the work of the charity bul do not directly represent charitable activities and include office costs, governance costs, adminislralive and payroll c051s. Governance costs include those involved in the public accountability of the trust and ils compliance with regulation and good practi. The trustees believe that there is only one charitable activity and support COSts have been allocated as per the analysis shown in note 6. Tangible fixed assets Tangible fixed assets are slated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the c051, less estimated residual value. of each asset on a systematic basis over ils expected useful life as follows.. Page 10 continued...
Eventide Residential Horne Limited Notes to the Financlal Statements continued for the Year Ended 31 December 2023 ACCOUNTING POLICIES- Contlnued Tangible fixed assets Freehold property - 2•h- 10°A on ¢osl (excluding Landl other tangible fixed assets - 10•]• on cost Assets are not generally capitalised below a value of £250. Taxation The charity is exempt from Corporation tax on its Charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Designated fund5 are unrestricted funds earmarked by the Iruslees for particular purposes. Restricted fvnds are subjected to restrictions on their expenditure imposed by the donor. Hire purchase and leasing commitments Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the perii)d of the lease. Employee benefits When employees have rendered Service to the trust. short-term employee benefits to which the employees are entitled are recognised at the undi5counted amourbl expected lo be paid in exchange for that seN1. The trust operates a defined contribution plan for the benefit of ils employees. Contributions are expensed as they become payable. Details of contributions are shown in note 9. Debtors and creditors receivable I payable within one year Debtors and ¢dItors with no staled interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure. Financial instruments All financial instruments are recognised initially at transaction pri excluding transaction costs and subsequently at amortised cost. These include cash al bank, debtors and creditors. DONATIONS AND LEGACIES 2023 2022 Donations 30 1,306 INVESTMENT INCOME 2023 2022 Interest received from deposits 2,711 1,058 Page 11 continued...
Eventide Residentlal Horno Limited Notes to the Financial Statements - continued for the Year Ended 31 December 2023 INCOME FROM CHARITABLE ACTIVITIES 2023 2022 Care and relief of the elderly Grants received Total activities Total activities Accommodation charges Grants 680.337 680.337 3,600 647.852 12.423 3,600 680,337 3.600 683,937 660,275 During the year the following grant5 were received and recognised (or released from defeed income), in the accounts from government, government agencies and similar bodies either local. national or international. Cornwall council digilalising social care records grant 3.600 SUPPORT COSTS Support costs (see note 61 Direct Costs Totals Care and relief of the elderly 590,850 115.522 706.372 SUPPORT COSTS Human resources Governance costs Management Tota15 Care and relief of the elderly 106,057 1.837 7,628 115,522 Activity Management Hurnan resources Governan costs Basis of allocation Care and relief of the elderly Care and relief of the elderly Care and relief of the elderly Page 12 continued..
Eventide Residential Home Limited Notes to the Financial Statements - continued for the Year Ended 31 December 2023 SUPPORT COSTS - continued Support costs, included in the above, are as follows.. Management 2023 Care and relief of the elderly 2022 Total activities Hire of plant and machinery Rates and water Insurance Light and heat Telephone Postage and stationery Advert15ing Training and weltare Licences Repairs and renewals Depreciation of tangible and heritage assets Loss on sale of tangible fixed assets 2,841 12,246 6.424 16,841 2.210 1,390 66 6.868 4,424 45,178 7,278 291 2.560 13,845 4,785 16,895 1,742 1,542 50 3,930 2,547 33,434 6,302 106.057 87.632 Human rgsourcè$ 2023 Care and relief of the elderly 2022 Total activities Professional fees 1.837 723 Governance costs 2023 Care and relief of the elderly 2022 Total a¢tivFlies Trustees. expenses Independent examiners, costs Legal and professional 59 2.502 5.067 64 2,448 1,902 7,628 4,414 Page 13 continued...
Eventide Residgnlial Horne Lim119d Notes to the FTnancial Statements - continued for the Year Ended 31 December 2023 NET INCOMEI{EXPENDITURE Net incomel(expenditurel is stated after chargingl(¢rediting)-' 2023 2022 Independent examiners, costs Depreciation - owned assets Hire of plant and machinery Deficit on disposal of fixed assets 2.502 7.278 2,841 291 2,448 6,303 2.S60 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 Dècember 2023 nor for the yeaf ended 31 December 2022. Tru$tees' expenses 2023 2022 Trustees, expenses 59 64 Included in trustees expenses are costs for committee meetings. these Costs relate to all of the trustees. STAFF COSTS 2023 2022 Wage5 and salaries Social security costs Pension costs Agency costs 510,494 26,068 6,520 7,709 474.405 26,427 6.034 6,027 590,806 512.893 The average monthly number of employees during the year was as follows 2023 33 2022 32 Head count- excluding Iruslees No employees received emoluments in excess of £60.000. The employee benefits of the key management personnel was £40,84712022- £36,575). Page 14 continued...
Eventide Residential Home Limited Notes to the Flnanclal Statements - continued for the Year Ended 31 December 2023 10. TANGIBLE FIXED ASSETS Plant and machinery et Land and buildings Totals COST At 1 January 2023 Additions Disposals 109.853 44,423 30.815 (1.832) 154,276 30,815 {1,8321 At 31 December 2023 109,853 73.406 183,259 DEPRECIATION At 1 January 2023 Charge for year Eliminated on disposal 38,619 3.304 24,348 3,974 {449) 62,967 7,278 {4491 At 31 December 2023 41,923 27,873 69,796 NET BOOK VALUE At 31 December 2023 67,930 45.533 113.463 At 31 December 2022 71.234 20.075 91,309 Included in c05t or valuation of land and btjildingg is freehold land of £2.000 {2022 £2,000) which is not depreciated. The trustees recognise that there is a difference between the cairying value and the market value of the land and buildings. The property has a market value that is significantly higher than the carrying value. Due to the cost of doing so, no formal valuation has been carried out to quantify the difference. 11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Trade debtors Accrued income other debtors Prepayments 40.715 1,665 229 6,536 6,368 450 4.361 49.145 11,179 12. CASH AT BANK AND IN HANO 2023 Total funds 2022 Total funds General fvnd Restricted fund C?5h in hand Current account Deposit account Charity Bond 260 13,461 55,997 85.000 260 15,925 55,997 85,000 269 94,081 55,507 87.101 2,464 Total 154,718 2,484 157,182 236,958 Page 15 continued...
Eventide Residential Home Limllgd Notes to the Financial Statements - contlnugd for the Year Ended 31 December 2023 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Trade creditors Oeferred income Accrued expenses 10,378 15,930 2.735 7.160 18.801 3,044 29.043 29.005 Deferred income is the result of fvnds being ieceived in advance. This is calculated as follows.. 2023 2022 Accommodation charges received in advance Grant income {¢ondilions not met) 15,930 18,801 15.930 18.801 All of the 2022 deferred income was released in 2023. 14. LEASING AGREEMENTS Minimum lease payments under non4ancellable operating leases fall due as follows: 2023 2022 Within one year Between one and five years In more than five years 2,940 13,994 10,521 2,626 2,023 27.455 4,649 MOVEMENT IN FUNDS Net movement in funds Al 31.12.23 At1.1.23 Unrestricted funds General fund 310,441 (22,158) 288,283 Restricted funds Restricted fund 2,464 2,464 TOTAL FUNDS 310,441 (19,694) 290,747 Page 16 continued...
Eventide Residential Horne Limited Notes to the Financial Statements - continued for the Year Ended 31 December 2023 15. MOVEMENT IN FUNDS - contlnued Net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 683,078 (705.2361 (22.1581 Restricted funds Restricted fund 3.600 11,136) 2,464 TOTAL FUNDS 686,678 1706.372) 119.6941 Comparatives for movernent in funds Net movement in funds At 31.12.22 At1.1.22 Unrestricted funds General fvnd 292,869 17,572 310,441 TOTAL FUNDS 292,869 17,572 310.441 Comparative nel moveTnent in funds, included in Ihe above are a5 follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fvnd 662,639 1645.0671 17.572 TOTAL FUNDS 662.639 1645,0671 17,572 16. RELATED PARTY DISCLOSURES Mr G Hodgson. a trustee, has a family member who controls Hodgson Insurance Services who acted as the insurance broker for the charity in the year. The amount of the insurance paid wa5 £7,443 {2022'. £5,061). Page 17 continued...
Eventide Residential Home Limltod Notes to the Financial Statements continued for thg Year Ended 31 December 2023 17. GOING CONCERN No material uncertainties exist in relation to the going concern of the charity. Page 18