REGISTERED COMPANY NUMBER: 04130514 (England and Wales) REGISTERED CHARITY NUMBER: 1092070 ort of the Trustees and Financlal Statements forthe Year Ended 31 December 2024 Eventide Resldentlal Home Limited Metherell Gard Ltd Chartered Accountants Burn View Bude Comwall EX23 8BX
Eventide Resldentlal Home Limited Contents of the Financial Statements for the Year Ended 31 December 2024 Page Report of the Trustees Independent Examiner's Report statement of Financial Activities Balance Sheet Cash Flow Slatement Notes to the Cash Flow Statement Notes to the Financial Statements 10 to 17 Oetalled Statement of Financial Activities 18 to 19
Eventide Residential Home Limited ort of the Trusteos forthe Year Ended 31 December 2024 The trustees who are a150 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 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Pra¢tiTr applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland {FRS 102) (effeclive 1 January 2019). The financial statements have been prepared in accordance with the accounling policies set out in notes to the accounts and comply with the charitys governing document. the Charities Act 2011 and Accounting and Reportin9 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 published in October 2019. OBJECTIVES AND ACTIVITIES Objgctlves and aims The original charter states that the charity's aim is to promote the care and reliel of the elderly in particular by Ihe 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 solely toward5 the promotion of its objects as set forth in its Memorandum and Articles of Association. Subject to certain provisions approved by the Charities Commission. Slgnlftcant activities The primary objective both short and lorw term is to provide a secure and comfortable "hom&from-home" for our residents. who feel that a little help in their day-to4ay 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 lifestyle within a relaxed environment. The charty continues to work dosely with the local authority. in ensuring that good quality care is offered to elderly residents at an affordable price. Public beneflt In setting their objectives and planning their activities th8 trustees have given caTefiJl consideration to the Charity Commission's general guidance on public benefit. ACHIEVEMENT AND PERFORMANCE Charitsble activities As staled above. the charitys main objective is to provide good quality c2re to its elderly residents. The Home's staff 8 key to providing good quality care and all staff participate in recognised training programmes, and all are aclively encouraged to use the conlinuing profession81 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 8nd staff endeavour to ensure that residents are provided with a variety of activities including exercise classes, quizzes. and games etc. on a regular basis. Pictures of these various activities are shared on Facebook for the benefit of family and friends. The trustees hope that these activities will enhance the fulfilment and enjoyment of residents during their slay at the Home. Fundraislng actlvities The charity carries out oaS1Onal fundraising activities. Page 1
Eventide Residential Homg Llmlted Re ort of the Trustees for the Year Ended 31 December 2024 ACHIEVEMENT AND PERFORMANCE Intemal and external factors Occupancy levels are used to measure performance, the Home is impacted by local authority policy and needs to ensure that the residents needs Can be met. The Home does not proiride long-temi nursing care. The Home hes seen demand for its rooms and periods of occupancy have been in line with previous years. Eventide has established a distinctive criteria for the admission of residents to the Home (including those in times of emergencies) in line wth 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 reguSarly rewewed and updated to ensure the Home can still meet resident's needs. The trustees visit the Home regularly on an individual basis, to ensure that each residenfs requirements are heard and acted upon where necessary. The measurement of performance against objectives is difficult in the Context of the charity's particular aclimty 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 Commi55ion inspections. These have 811 been positive during the year. FINANCIAL REVIEW Financial posltlon The charity's principal funding source remains the accommodation charges to its resident5 which saw an increase of £150,513, with income of 830,850 in 2024 and £680,337 in 2023. Staff costs, by far the largest area of expenditure, have increased by £97.697 to £648.532. Overall. the tnjstees report a deficit for the year of £15,091. This is due to exceptional repairs and maintenance on the building during the year. ReseNes pollcy ReseNes at the end of the year amounted to £275,658. This includes fixed assets of £132,305. 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 £143,351. The trustees believe that for financial stsbility the net current assets should be alleast three to six months expenditure, approxtmately £213.000 - £427.000. The trustees believe that this level of reserves is required to protect against future tsmporary falls in occupancy rates and to ensure that funds are available for the ongoing Maintenan of the propety. The trustees are awaie net current assets are currently below the required stability range however. with recent extensive building maintenance now completed. there is confidence net current assels will return to the required level in the near future. The charity's assets are held to permit it to operate successfully in accordance with its objectives. The charity has liquid capit81 to cover its current liabilities. Golng concern The financial Statements have been prepared on a going concern basis a5 the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with Ihe level of resetves for the charity to be able to continue as a going concern. FUTURE PLANS The trustees intend to continue running the charity along similar lines to those currently being operated. Roi)m rates are regularly reviewed by the trustees lo ensure that the costs of providing good quality care are met. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is a private company. limited by guarantee having no share capital. and is a registered charity governed by its Memorandum and Articles of Association. Recrultment and appointment of new trustees Trustee5 are appointed by invitation from the existing board of trustees. All trustees appointed become registered members of the company. Organisational structure The board of trustees meet fom)ally every two months. Matter5 arising between meetings are generally dealt with by the chairman or the secretary, with due delegated authority, who will report back at the following meeling. Page 2
Eventide Residential Home Limited ort of thè Trustees for the Year Ended 31 December 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Induction and tralning 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 perfomance of the charity. In Ihe event of a new appointrnent. the company secretary is Charged wth brrefing the new trustee fvlly on all their obligations. However, the secretary is assisted by the other trustees as and when necessary. External training identified by the board. which is considered to be useful for the ongoing stewardship of the charity, is attended by the trustees wherever possible. Key management remuneration The trustees review employee pay rates on an annual basis tsking into consideration the percentage increase in the National Minimum Wage and National Living Wage. Related parties There were no related party Iransactions during the year that require disclosure except for th058 shovm in the notes to the financial statements. Risk mana9ement The Irustees have a duty to identify and review the risks lo which the charity 1$ exposed and to ensure appropriate controls are in place to provide reasonablé assurance against fraud 2nd error. The major risks to which the charity is exposed. as identified by the twstses, have been reviewed and systems have been established lo mitigate these risks. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 04130514 (England and Wales) Reglstered Charity number 1092070 Rfrgisted office 22 Downs View Bude Cornwall EX23 BRQ Trustees Mrs J PeafCE Mrs S Jone5 C Jep50n Ms L Green {resigned 1511124} G Hodgson Mrs J Davey R H Salt (resigned 815124) Mrs S M Collick Mrs D Jackson (appointed 31151241 Other senior personnel within the charity are Mf S Hutchinson. the charitys treasurer, and Mr B Birchmore, the manager. who is responsible for the day-to-day running of the Home. Company Secretary Mrs S Jones Independent Examiner David Nigel Cox FCA Metherell Gard Ltd Chartered Accountants Burn View Bude Cornwall EX23 8BX Page 3
Eventide Residential Home Limlted Re ort of the Trustees for the Year Ended 31 December 2024 REFERENCE AND ADMINISTRATIVE DETAILS Bankers Santander UK pl¢ Bridle Road Bootle Merseyside L30 4GB Soli¢ltors Peter. Peter & WTight 1 Queen Street Bude Comwall EX23 8AZ All trust•es of the charity 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 sm811 companies. Approved by order of the board of trustees on 29 May 2025 and signed on its behalf by-
.Ukn) Mrs S Jone5- Trustee Page 4
Inde endent Examlnerfs Re ort to the Trustees of Eventlde Resldentlal Home Limlted Independent examlnerfs report to the trustees of Eventide Resldentlal Home Limited ('the Cornpanrfl report to the charity trustees on my examination of the accounts ol the Company for the year ended 31 December 2024. Responsibililigs and ba$l$ of roport As the charity's trustees of the Company {and also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 Ilhe 2006 Act'l. Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accoun15 as carried out under Section 145 of the Charities Act 2011 I'the 2011 ACV). In Carrying out my examination I have followed the Directions 9iven by the Charity Commission under Seclion 145151 {bl of the 2011 Act. Independent examinerf$ statement Since your charity's gross income exceeded £250.000 your examiner must be a member of a listsd body. I can confim) that l am qualified lo undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with 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 Act,. or the accounts do not accord wth those records,. or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination- or the accounls have not been prepared in accordance with the methods and principle5 of the Statement of Recommended Practice for accountin9 and reporting by charities {applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102}). I have no concerns and have come across no olher Matters in connection wth the examination to which att8ntion should be drawn in this report in order to enable a proper understanding of the accounts to be reached. David Nigel Cox FCA The Institute of Chartered Accountants in England and Wales Metherell Gard Ltd Chartered Accounlants Burn View Bude Cornwall EX23 8BX Page 5
Eventide Residential Horne Limited Staternent of Financlal Actlvftles oratin an Income and Ex enditure Account for the Year Ended 31 December 2024 Incor 2024 Totsl funds 2023 Total funds Unrestricted funds Restricted fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 1,698 1,698 30 Charltable aclivities Care and relief of the elderly Grants received 830,850 830,850 680,337 3.600 other trading activities Investment income 930 4,655 930 4,655 2,711 Totsl 838,133 838.133 686,678 EXPENDITURE ON Charitable activities Care and relief of the elderly 850,760 2,464 853,224 706.372 NET INCOMEIIEXPENDITURE) 112,6271 12,4641 (15,0911 119,694) RECONCILIATION OF FUNDS Total funds brought fOard 288,283 2,464 290,747 310,441 TOTAL FUNDS CARRIED FORWARD 275.656 275,656 290,747 The notes form part of these financial statements Page 6
Eventide Residential Horng Limited Istered number.. 04130514 Balance Sheet 31 December 2024 2024 Total funds 2023 Total fvnds Unrestrided fijnds Restricted fvnd Notes FIXED ASSETS Tangible assets 11 132,305 132,305 113,463 CURRENT ASSETS Debtors Cash at bank and in hand 12 13 17,099 152.816 17,099 152,816 49.145 157,182 169,915 169,915 206,327 CREDITORS Amounts falling due wthin one year 14 (26,5641 (26,5641 (29.043) NET CURRENT ASSETS 143.351 143,351 177.284 TOTAL ASSETS LESS CURRENT LIABILITIES 275.656 275,656 290.747 NET ASSETS 275,656 275,656 290.747 FUNDS Unrestrided fijnds.. General fund Restricted funds 16 275,656 288,283 2.464 TOTAL FUNDS 275,656 290,747 The ¢harilable Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024. The members have not required the company to obtain an audit of its financial statements for the year 8nded 31 December 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records Ihal comply Wbth Sections 386 and 387 of thè Companie5 Act 2006 and preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for 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 rèlating to financial statements, so far as applicable to the charttable company. (b) These financial statements have been prepad in accordance with the provisions applicable to charitablè companies subject to the small companies gime. The financial statements were approved by the Board of Trustees and aulhorised for issue on 29 May 2025 and were signed on its behalf by: G Hodgson - Trustee The notes form part of these financial statements Page 7
Eventide Residential Home Limltsd Cash Flow Statement lor the Year Ended 31 December 2024 2024 2023 Notes Cash flows from operatlng actlvltles Cash generated from operation5 28,045 (51,549) Net cash provided byl{used in) operating activities 28,045 151,549) Cash flows from Investlng activitles Purchase of ian9ible fixed assets Sale of tangible fixed assets Interest received (37,033) (30,815} 1,092 1.496 4,622 Net cash used in investing activities (32,411) 128.227) Change in cash and cash equlvalents In the reporting perlod Cash and ca$h equivalents al the beginnlng of the reporting period (4,3661 {79,7761 157.182 236.958 Cash and cash equlvalents at the end of the reporting period 152.816 157,182 The notes form part of these financial statements Page 8
Eventide Residential Home Llmlted Notes to the Cash Flow Statement for the Year Ended 31 De¢ember 2024 RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net expenditure for tho réporting perlod (as per the Statement of Financial Actlvltlesl Adjustments for: Depreciation charges Loss on disposal of fixed assets Interest received Decreasellincrease) in debtors (Decreasellincrease in creditors (15,091) (19,694) 12,382 5,809 (4,622) 32,046 (2,479) 7.278 291 11,496) 137,9671 39 Net cash provided byl(used in) operations 28,045 151.549> ANALYSIS OF CHANGES IN NET FUNDS At 1.1.24 Cash flow At 31.12.24 Ngt cash Cash at bank and in hand 157,182 14,366) 152,816 157,182 14,366) 152,816 Total 157,182 14,366> 152.816 The note5 form part of these financial slalemenls Page 9
Eventide Resldential Home Limited Notes to the Flnan¢lal Statem9nts for the Year Ended 31 December 2024 ACCOUNTING POLICIES Basis of preparlng the flnanclal statements The financial ststements of the charitable company, which is a public benefit entity under FRS 102. have been prepared in accordance with the Charitie5 SORP (FRS 102) 'Accounting and Reporting by Charities: Stslement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 {effe¢tive 1 January 20191,. Financial Reporting Standard 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 cost convention. The Charity is a company limited by guardntee and has no shafe capilal. In the event of the charity being wound up. the liability in respect of Ihe 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. judgements and key sources of estimation uncertainty in th8 preparation of the financial statements are as follows.. Income Income is recognised in the Slalement of Financial Activities when the charity has entitlemenl lo the funds, it is probable that the income will be ceiVed and the amount can be measured reliably. Accomrnodation charges are recognised in the Stalement of Financial Activities when the charity is legally entitled lo the income and as Ihe right to consideration is obtained through perf0mlan of contractual obligation. Income is recognised over the period in which services are provided, any income ceiVed in advance has been treated as deferred and is shown in note 14. 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 to conditions that require a level of perfOnanCe before the charity is entitled to the frjnds. the income is defeed 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 is probable that those conditions wll be fulftlled in the reporting period. Interest and all other income is iecognised when receivable and the amount can be measured reliably. Grants re¢eived Income from grants is recognised in the Statement of Financial Activities once the charity has entlement to the funds, it is probable that the income will be received and the amount can be mèasured reliably. Expendllure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditur8. It is probable that a transfer of economic beneffts 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 c051s related to the category. Where costs cannot be directly attributed to particular headings they have been allocated lo aclivities on a basis consistent wilh the use of resources. Irrecoverable VAT is charged as an expènse against Ihe activity for which the expenditure arose. Allocation and apportionment of ¢osts Support costs are those that assist the work of the charity but do nol dIreCY repre$enl charitable aclivilies and include office costs. governance costs. administrative and payroll costs. Governance costs include those involved in the public accountability of the twst and its compliance with regulation and good practice. The trustees believe that there is only one Charitable activity and support costs have been allocated as per Ihe analysis shown in note 6. Tangible fixed assets Tangible fixed assets a stated at cost less accumulated depreciation and accumulated impaimenl losses. Cost includes costs direclly attributable to makin9 the asset capable of operating as intended. Depreciation is provided on all langible fixed assets. al rates calculated lo wrtte off the cost, less 8stimaled residual value. of each asset on a systematic basis over its expected useful life as follows.. Freehold propety - 2•A- 10/a on ¢o$t (excluding Landl Page 10 conts'nued...
Eventlde Resldentlal Home Limited Notes to the Financial Statements - contlnued for the Year Ended 31 December 2024 ACCOUNTING POLICIES - continued Tangible fixed assets other tangible fixed assets - 10•h on cost Assets a not generally capilalised below a value of £250. Taxatlon The charity is exempt from Gorporalion tax on its charitable activities. Fund accountin9 Unreslricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Designated fiJnds are unrestrlcted fijnds earmarked by the trustees for particular purposes. Restricted funds are subjected to restrictions on their expenditure imposed by the donor, Hire purchase and leasing cornmitments Rentsls paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. Employee beneflts When employees have rendered service to the charity, short-lem) employee benefits to which the employees are entled are recognis8d at the undiscounted amount expected to be paid in exchange foi that seNce. The charsty operates a defined contribution plan for the benefit of ils employees. Contributions are expensed as they become payable. Details of contribution5 are shown in note 10. Debtors and ¢r9ditors mtoivable I payable wlthln one year Debtors and creditors with no stated interest rale and Teceivable or payable within one year are recorded al transaction price. Any losses arising from impairment are recognised in expenditure. Financial instrurnents All financial instruments are recognised initially at transaction prits excluding transaction costs and subsequently at amortised cost. These include cash at bank. debtors and creditors. DONATIONS AND LEGACIES 2024 2023 Donations 1,698 30 OTHER TRADING ACTIVITIES 2024 2023 Fundraising events 930 Page11 continued...
Eventide Residential Home Limited Notgs to tho Flnancial Statements - continued for the Year Ended 31 December 2024 INVESTMENT INCOME 2024 2023 Interest received from deposits 4.655 2,711 INCOME FROM CHARITABLE ACTIVITIES 2024 Care and relief of Ihe elderly 2023 Total actsvities Accommodation charges Grants 830,850 680,337 3,600 830,850 683.937 SUPPORT COSTS Support costs (see note 7) Direct Costs Totals Care and relief of the elderly 688,524 164.700 853,224 SUPPORT COSTS Human resources Governance costs Management Totals Care and relief of thè eld8rly 157,935 896 5,869 164,700 Activity Management Human resources Basis of allocation Care and relief of the elderly Care and relief of the elderly Support costs. included in the above. are as follows.. Management 2024 Care and relief of the elderly 2023 Totsl activities Hire of plant and machinery Rates and water Insurance Light and heat Telephone Postage and ststionery 4,455 12.578 8,088 16,683 1.039 829 2,841 12.246 6,424 16,841 2.210 1.390 Carried forward 43,672 41,952 Page 12 continued...
Eventide Resldentlal Home Llmited Notes to the Financial Statements - contlnued for the Ygar Ended 31 December 2024 SUPPORT COSTS- continued Management- ¢ontlnued 2024 Care and relief of the elderly 2023 Total activitie5 Brought forward Advertising Training and welfare Licences Repairs and renewals Depreciation of tangible and heritage assets Loss on sale of tangible fixed assets 43.672 54 6,286 5,407 84.325 12,382 5,809 41,952 66 6,868 4,424 45.178 7,278 291 157.935 106.057 Human resources 2024 Care and relief of the elderly 2023 Total activities Professional fees 896 1,837 Governance costs 2024 Care and relief of the elderly 2023 Total activities Truslees, expenses Independent examiners, costs Legal and professional 42 2,850 2,977 59 2,502 5,067 5,869 7,628 NET INCOMEI{EXPENDITURE Net incomel(expenditure) is stated after chargingl(creditingl= 2024 2023 Independent examiners. costs Depreciation - owned assets Hire of plant and machinery Deficit on disposal of fixed assets 2,850 12,381 4,455 5,809 2.502 7,278 2,841 291 Page 13 continued...
Eventide Re5idontial Home Limited Noles to the Flnanclal Statements - ¢ontlnued for the Year Ended 31 December 2024 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 Dember 2024 nor for the year ended 31 December 2023. Trustoes. ¢xponses 2024 2023 Trustees, expenses 42 59 Included in trustees expenses are costs for committee meetings. these costs relate to all of the truslees. 10. STAFF COSTS 2024 2023 Wages and salaries Social security costs Pension costs Agency costs 598.562 36,577 9,479 3,914 510.538 26.068 6,520 7,709 648,532 550.835 The average monthly number of employees during the year was as follows 2024 37 2023 33 Head count- excluding trustees No employees received emoluments in excess of £60,000. The employee benefits of the key management personnel was £42.50312023.' £40.847). 11. TANGIBLE FIXED ASSETS Plant and machinery etc Land and buildings Tot?Is COST At 1 January 2024 Additions Disposals 109.853 15,850 14.816> 73,406 21,183 117,2091 183.259 37,033 122,025) At 31 December 2024 120,887 77,380 198,267 DEPRECIATION Al 1 January 2024 Charge for year Eliminated on disposal 41,923 4.807 13,8291 27,873 7,574 112,3861 69,796 12,381 116,215) At 310ecember 2024 42,901 23.061 65,962 NET BOOK VALUE At 31 December 2024 77,986 $4,319 132.305 At 31 December 2023 67,930 45,533 113,463 Included in cost or valuation of land and buildings is freehold land of £2,000 (2023 £2,000) which is not depreciated. Page 14 continued...
Eventlde Residential Home Llmlted Notes to the Financlal Statements - continued for the Year Ended 31 Decernber 2024 TANGIBLE FIXED ASSETS- continued The trusteès recognise that there is a difference between the carrying value and the market valu8 of the land and buildings. The propety has a market value that is significantly higher Ihan the carrying value. Due to the cost of doing so. no formal valuation ha5 been carried out to quanlify the difference. 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors Accrued income Other debtofs Prepayments 9,038 1,697 40.715 1.665 229 6.536 6,364 17,099 49,145 13. CASH AT BANK AND IN HAND 2024 Total funds 2023 Total funds Cash in hand Currenl account Deposit account Charity Bond 169 31,289 36,358 85.000 260 15,925 55.997 85.000 Total 152,816 157.182 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors Deferred income Accrued expenses 9.592 13,548 3,424 10,378 15.930 2.735 26,564 29,043 Deferred income is the result of funds being received in advance. This is calculated as follows: 2024 2023 Accommodation charges received in advance 13,548 15,930 13,548 15,930 All of the 2023 deferred income was released in 2024. Page 15 continued..
Eventlde Residential Home Limlted Notes to the Financial Statempnts - continued for the Year Ended 31 December 2024 15. LEASING AGREEMENTS Minimum lease payments under non-cancellable operating leases fall due as follows.. 2024 2023 Within one year Beeen one and five years In more than five years 5,982 24,852 6,226 2.940 13,994 10,521 37,060 27.455 16. MOVEMENT IN FUNDS Net movement in funds At 31.12.24 At 1.1.24 Unrestricted funds General fund 288,283 112,627) 275,656 Restricted funds Restricted ftjnd 2,464 (2,464) TOTAL FUNDS 290,747 115,0911 275,656 Net movement in funds. included in the above are a5 follows: Incoming tesoutces Resources e>pended Movement in funds Unrestrictéd funds General fund 838,133 {850,760) {12,6271 Restri¢ted funds Restricted fund (2,464) (2,4641 TOTAL FUNDS 838.133 (853,2241 115,0911 Page 16 continued...
Evenlide Residential Home Limited Note$ to the Flnancial Statements- continued for the Year Ended 31 December 2024 16. MOVEMENT IN FUNDS- continued Comparatives for Movement in funds Net movement in funds At 31.12.23 Al 1.1.23 Unrestrlcted funds General fund 310.441 (22,158) 288,283 Restrlcted funds Restricted fund 2,464 2,464 TOTAL FUNDS 310,441 (19,694) 290,747 Comparative net movement in funds, included in th8 above are as follows= Incoming resources Resources expended Movement in funds Unrestri¢ted funds General fund 683,078 (705,236) {22,1581 Restricted funds Restricted fund 3,600 <1.136) 2.464 TOTAL FUNDS 686.678 1706.3721 (19.694) 17. RELATED PARTY DISCLOSURES Mr G Hodgson. a trustèe. has a family member who controls Hodgson Illsuran Servi$ who acted as the insurance broker for Ihe charity in the year. The amount of the Insuran paid was £8.47612023: £7.443). Mr G Hodgson. a tTUStee, has a family member who contro15 Decor8 who was contracted to paint the outside of the building in the year. The amount paid was £3,500 {2023.' Nill. 18. GOING CONCERN No material uncertainties exisl in relation to the going Concern of Ihe charity- Page 17
Eventlde Residential Homo Llmited Detailed Statement of Flnancial Activltlos for the Year Ended 31 December 2024 2024 Total funds 2023 Total fvnds Unrestricted funds Restricted funds INCOME AND ENDOWMENTS Donations and legacies Donations 1,698 1,698 30 other trading actlvltIes Fundraising events 930 930 Investment income Interesl received from deposit5 4,655 4,655 2,711 Charltable activities Accommodation charges Grants 830,850 830,850 680.337 3.600 830,850 830,850 683,937 Totsl incomlng resources 838,133 838,133 686.678 EXPENDrruRE Charitable activities Wages and salaries Employers Nl contributions Pensions costs Provisions Agency costs Fundraising expenses 598.562 36.577 9.479 39.974 3,914 18 598,562 36,577 9,479 39.974 3,914 18 510.538 26.068 6.520 4D.015 7,709 688,S24 688,524 590,850 Support costs Management Hire of plant and machinery Rates and water Insurance Light and heat Telephone Postage and stationery Advertising Training and welfare Licences Repairs and renewals Freehold property depreciation Plant and machinery depreciation Loss on sale of tangible fixed assets 4,455 12,578 8,088 16.683 1,039 829 54 6,286 2,943 84,325 4,808 7,574 5.809 4,455 12.578 8,088 16,683 1.039 829 54 6,286 5,407 84,325 4,808 7,574 5,809 2.841 12.246 6.424 16.841 2.210 1,390 66 6.868 4,424 45,178 3,303 3.975 291 2,464 155,471 2,464 157,935 106.057 Human resources Professional fees 896 896 1.837 This page does not fomi part of the statutory financial statements Page 18
Eventide Residential Hom• Llmltsd Detailed Statement of Flnancial Activitlos for the Year Ended 31 December 2024 2024 Total funds 2023 Total fvnds Unr8Stricted funds Reslricled funds Human resources Governance costs Trustees, expenses Independent examiners, costs Legal and professional 42 2,850 2,977 42 2.850 2,977 59 2,502 5,067 5,869 5.869 7,628 Total resources expended 850,760 2,464 853,224 706.372 Net (expondlture)Ilncome (12,627) (2,464) (15,091) 119.694) This page does not fomi part of the statutory financial statements Page 19