THE STABLE FAMILY HOME TRUST LIMITED (A Company Limited By Guarantee)
Report of the Trustees and Audited Financial Statements
For the year ended 31 March 2021
Company no. 04421606 Charity number: 1093672
THE STABLE FAMILY HOME TRUST Index to the Financial Statements
For the year ended 31 March 2021
| Page | |
|---|---|
| Legal and Administrativedetails | 1 |
| Report ofthe Trustees | 2 |
| Reportofthe IndependentAuditors | 8 |
| Statement of Financial Activities | 11 |
| BalanceSheet | 12 |
| Statement of Cash Flows | 13 |
| NotestotheFinancialStatements | 14 |
THE STABLE FAMILY HOME TRUST Report of the Trustees For the year ended 31 March 2021
REFERENCE AND ADMINISTRATIVE DETAILS
| Companynumber | 04421606 (England and Wales) |
|---|---|
| Charitynumber | 1093672 |
| Registered office | The Stables |
| Bisterne | |
| Ringwood | |
| Hampshire | |
| BH34 3BN | |
| Trustees | Clive Clifford (Chairman) |
| Mrs Susan Pepper (Deputy Chair) | |
| Simon Farrow (Company Secretary) | |
| John Hatchard | |
| John Mason | |
| MrsAnne Rippon-Swaine | |
| Mike Thacker | |
| Gemma Murphy | |
| Chief Executive Officer | Colin Waters |
| KeyManagement Personnel | |
| Director ofOperations | Rachel Keeling |
| Head ofHR | Sophie Cross |
| Senior Finance Officer | Sam Atter |
| SeniorService Manager | Joanna Gibbs |
| Volunteer and Housing Manager | Teresa Hunt |
| Head of Fundraising | Theresa Elliott |
| Service Manager | Yasmin Spencer |
| Service Manager | Mandy Harris |
| Service Manager | Ben Swan |
| Service Manager | Rebecca Leonard |
| Service Manager | Saffron Harrison |
| Bankers | NatWest plc |
| 2nd Floor, Heron House | |
| 10 Christchurch Road | |
| Bournemouth | |
| BH31 3NR | |
| Auditors | Fawcetts LLP |
| Chartered Accountants and StatutoryAuditors | |
| Windover House | |
| St Ann Street | |
| Salisbury | |
| SP12DR |
1
THE STABLE FAMILY HOME TRUST Report of the Trustees For the year ended 31 March 2021 aeSo —————— The trustees who are also directors of the charity for the purpose of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions 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 the UK and Republic of Ireland (FRS 102) ( effective 1 January 2015).
REFERENCE AND ADMINISTRATIVE INFORMATION
The legal and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice - Accounting and Reporting by Charities (SORP 2005).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Stable Family Home Trust is a charitable company limited by guarantee, incorporated on 22nd April 2002 (company number 04421606) and registered as a charity (number 1093672) on 3rd September 2002. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association.
The charity is located in Bisterne, Ringwood, Hampshire and its work focuses on supporting people with learning disabilities and their families. The Board of Trustees seeks to ensure that the needs of this group are appropriately reflected through the diversity of the trustee body. Traditional business skills and family interests are well represented on the Board of Trustees. There are four Board sub-committees that support the strategic planning of the charity - Finance sub-Committee, Fundraising Committee, Quality Assurance Group and Projects Group. The Projects Group was formed during the financial year following review of the Buildings Action Group. The Projects group comprises four Trustees, the CEO and Director of Operations and looks at new and developing services and aims to streamline information and authorisation activities between Trustees.
Organisational structure
The Stable Family Home Trust Board of Trustees currently has eight members who meet quarterly and are responsible for the strategic direction and policy of the Charity. Members of the Board come from a variety of professional backgrounds, all relevant to the work of the Charity. There are two Trustees with a family member who has a learning disability.
Day to day responsibility for the provision of services rests with Chief Executive, (CEO), Colin Waters, and through him the Director of Operations and the managers of individual services. The CEO is responsible and accountable for ensuring that the Charity delivers the services specified and that key performance targets are met. The Service Managers ensure that all staff have individual supervision and appraisal and that they continue to develop their skills, knowledge and working practices in line with best practice.
Ongoing training and development for Trustees
Trustees are regularly updated about the practical work of the Charity by attending training workshops run by the Trust managers, prior to Board Meetings. Additionally, each Trustee is involved in at least one Board subcommittee; using their particular skills to establish a relationship with service users and staff, providing another channel of quality monitoring, removed from the line management. Trustees receive regular management reports relating to: Complaints, Health & Safety, Accidents, Incidents, Near Misses, Medication Errors and Safeguarding as well as updates from all services.
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THE STABLE FAMILY HOME TRUST Report of the Trustees For the year ended 31 March 2021
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Public Benefit
The Stable Family Home Trust Trustees confirm that in the review of its objectives, activities and Strategic Plan, due regard has been given to Charity Commission guidance. All The Stable Family Home Trust projects and activities are undertaken with the aim of benefitting people with learning disabilities (our beneficiaries). The Charity aims to establish and maintain good community relations and active engagement with local communities to mutual benefit.
No private benefit is derived from the activities of the Charity by the Trustees or parties related to them.
Quality Monitoring
A Trustee leads on ‘Quality’ within the Trust. He chairs the quarterly Quality Action Group that looks at how services can be continuously improved. The Charity measures the quality of its services in a number of ways: through the Care Quality Commission (CQC) Inspection Visits; Trustee visits to the homes and other services; the Director of Operations inspection visits; QAG meetings and reports; regular contact with families; service user meetings; service reviews with Local Authorities and a comprehensive, accessible Complaints, Comments, Compliments & Concerns pclicy. The Charity is committed to working towards working in partnership with Local Authorities to constantly improve quality.
Health and Safety
The Trust employs the services of a health and safety consultancy. Jo Gibbs (Senior Manager or her cover) lead on H&S and carries out inspections of SFHT premises. Reports are made quarterly to the Board.
Equal Opportunities
The Stable Family Home Trust is committed to Equa! Opportunities and Diversity; our activities are open to people over 18 years old with learning disabilities regardless of gender, race, faith, personal circumstances or any other protected characteristic.
Pay and Remuneration
Pay and remuneration of the senior leadership team is set and monitored by Trustees. To ensure that the Charity recruit and maintain the right quality of candidate for senior posts we pay competitive rates similar to other charities where the post holder carries out comparable tasks. As a Charity, we do not make comparisons about remuneration with non-charitable organisations.
It is becoming ever more important that our senior managers have excellent business acumen as well as the skills needed to lead a social care organisation in challenging times. Therefore, it is essential for the future of the Trust that we are able to attract and retain professionals that can successfully lead the Trust into the future, offering high quality services, whilst ensuring financial viability.
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THE STABLE FAMILY HOME TRUST Report of the Trustees ee ee ee eeeFor the year ended 31 March 2021
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Risk management
The Charity continues to review its risk management procedures. Systems and procedures have been established to mitigate the risks the Charity faces. The Charity recognises that there is potentially a significant external risk to funding and this is reflected in the development of new services that respond to Commissioners’ Purchasing Intentions.
Policies and procedures are in place to ensure the fullest compliance with health and safety of service users, staff, volunteers, contractors and visitors. These ensure a consistent quality of delivery for all operational aspects of the Charity. The Health and Safety Consultant undertakes regular meetings with staff teams and training with service users around health and safety in the workplace. Policies and procedures are periodically reviewed and updated to ensure that they continue to meet the needs of the Charity and comply with changing statutory legislation.
OBJECTIVES AND ACTIVITIES
Objectives and Activities
The Charity's objects and principal activities are to provide a range of support services to adults with a learning disability. These services include, supported living, a registered care home, day and employment opportunities. The Charity states its aim as ‘to support each person in an individual way that has agreed outcomes’. The main objectives and activities for the year aim to focus on supporting people with learning disabilities to lead ordinary lives as valued citizens within their local communities.
A key and ongoing commitment of the Charity is to establish and retain a highly skilled and professional workforce. To this end, the Charity invests significantly in the induction, supervision, appraisal, training and development of its staff and volunteers. The Charity demonstrates a person-centred employment ethos for its staff as well as ensuring this ethos is evident in delivery of all its' services to people with a learning disability and their families.
We will continuously review the services we provide, measure user satisfaction and make improvements as necessary.
The company owns and manages one registered Care home in Hampshire and supports 60 people in supported living services. In addition, it supports over one hundred people in day opportunity services. The Trust has a community-based service that offer opportunities around learning and employment for people with learning disabilities. ‘Gifted’ in Highcliffe is a small garden centre & gift shop offering employment opportunities for people with learning disabilities, whilst contributing a service to the local community.
The people we support are funded by various Local Authorities, the Local Clinical Commissioning Groups (CCGs} and some people are self-funding. Many people we support now have Direct Payments which enable them to exercise choice around the services they use.
Our mission, vision and values
Our mission, vision and values reflect our commitment to the people we support, their families and our staff.
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THE STABLE FAMILY HOME TRUST Report of the Trustees Nee eee eee eeeFor the y e ar endedS 31 March 2021
Continued from page 4
Mission: What we want to do
The Stable Family Home Trust wants to give excellent support to people with learning disabilities and their families.
Vision: How we will do this
We will do this by supporting each person in an individual way that has agreed outcomes
Values: What we believe is right
It is important to us that everything we do will give people:
Good Choices We will give people information that is easy to understand so they can make choices that are right for them
Rights We will support people to know and to have their rights and to understand their responsibilities Independence We will support each person to be as independent as they can be and want to be
Individuality We will respect people being different and value everyone the same
Inspiration We will help people to see a bright future for themselves and help them to achieve this.
STRATEGIC REPORT
Achievement and performance
Finance A change in the way Local Authorities purchase our services, together with increases in costs, associated costs of setting up new services, and initial vacancies whilst awaiting agreed funding within new supported living services, has put pressure on our finances. However due to various Covid-19 grants from the Government and Local Authorities we have been able to make a surplus this year.
Our Capital Appeal was closed in early 2020, the Fundraising Team was merged and are now fundraising for running costs.
Home Improvements
The Charity has continued to invest in the maintenance of its homes, with ongoing home improvements to enhance the lifestyle opportunities for the people it supports. The Charity continues to fundraise to enable home improvement capital projects to be completed in the next financial year.
New Services in the year
Having acquired a further property for Supported Living via the Edward Gosling Foundation, this property was initially used to house people that needed to isolate in relation to Covid 19. It has now been renovated and adapted to the needs of the 5 people now permanently living there. We have also made improvements to the property in Merrivale Avenue by adding a self-contained apartment to this property.
COVID-19
During the last 2 years the Trust has worked hard to safely support service users through the pandemic and to manage its’ finances accordingly. The strategy for staff to live in when required continues, we have taken several rental properties over the last year to accommodate staff, in order to reduce the risk of Covid 19 infection. Day Services at Bisterne have remained closed. Due to the pandemic, some staff have been furloughed and the movement of staff between services continues to be limited. The Trust has continued to operate a Covid committee, consisting of a group of Trustees and Senior Managers, and regularly communicate any decisions or actions to staff, service users and their families. The Trust is very grateful for the support also received from local authorities and donors throughout the year. Looking at the funds in hand and going forward, we believe that we are as well prepared as we can be and unless the national situation changes for the worse we do not foresee any financial problems in the future.
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For the year ended 31 March 2021
THE STABLE FAMILY HOME TRUST Report of the Trustees
ee
Continued from page 5
Financial review
Donations and fundraising
The Trust was extremely grateful for all donations that were received during the year ended 31 March 2021. Details of these amounts are disclosed in note 3 of the accounts.
The Trust is actively involved in arranging a variety of fundraising events. Events held, together with income generated, during the year to 31 March 2021 are disclosed in note 5 of the accounts.
The Trustees greatly appreciate the participation and interest of all those organisations and individuals who supported the Trust throughout the year.
STRATEGIC REPORT
Financial review
Reserves policy
The Board of Trustees have established a reserves policy whereby the unrestricted funds not committed or invested in fixed assets (the ‘free reserves’) held by the Charity should be between three and six months of the resources expended. This equates to a target of between £600,000 and £1,200,000 in general funds. At this level the Board of Trustees feel that they would be able to continue the current activities of the Charity in the event of a significant drop in funding. It would obviously be necessary to consider how the funding would be replaced or the activities changed. As at 31 March 2021 the free reserves were £713,588. As a result of financial restraint in Local Authority funding and the lower rates paid for our services, there is continued pressure on reserves. The Trust aims to always fund its core operations out of income, thus, leaving fundraising to provide extra quality of services. It is our intention to seek adequate payment for services that allow us to return to our targeted level of reserves within 5 years.
Fixed assets
The Board of Trustees considers the freehold properties owned by the Trust to have a value greater than the depreciated value stated in the Balance Sheet. The assets are held to provide residential and educational facilities to the People we support.
Future plans
Service development
It is the Trust’s intention to keep the capacity of our supported living services at their current level, However on going improvements and developments to all services are key to our future plans, to enhance the lives of the people we support in various ways, this includes ensuring that people have the opportunity to experience a range of different daytime activities and occupations.
The Trust has committed to invest in a Holiday home, to ensure that the people we support have an opportunity to have a break away from their homes. As a result of the various periods of isolation due to Covid 19 this resource is seen as a key development. To cover some of the running costs, we plan to rent out this resource to the general public for 6 weeks a year. The Trust plan to invest in our Garden center and craft shop in Highcliffe, to enhance the facilities and open a small coffee shop at this site. We will also formalise a lease of our Day services in Southbourne and invest in enhancing these facilities too, along with the main site at Bisterne when it is able to re-open.
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THE STABLE FAMILY HOME TRUST Report of the Trustees For the year ended 31 March 2021 —— ——
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Continued from page 6
Fundraising and Marketing
The Charity has refocused its Fundraising efforts for the financial year, for the first half of the 2020 — 2021 financial year funds have been raised to cover additional costs and income lost from the pandemic. It recognises that as funds available to Local Authorities to purchase services is constantly reducing and the Charity needs to find some other funds to cover the necessary costs of providing a higher quality service (investment in staff development & training, QA, communications etc.). During the next year the Trust will continue to strengthen its’ identity to more accurately reflect the emerging enablement services it now delivers to people.
TRUSTEES' RESPONSIBILITIES STATEMENT
The trustees (who are also directors of The Stable Family Home Trust for the purposes of company law) are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United 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 these financial statements, the trustees are required to:
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= select suitable accounting policies and then apply them consistently; » observe the methods and principles in the Charity SORP 2015 (FRS 102); « make judgements and estimates that are reasonable and prudent; » state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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» prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other
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In so far as the trustees are aware:
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= there is no relevant audit information of which the charitable company’s auditor is unaware; and
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the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information.
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AUDITORS ; The auditors, Fawcetts LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting. Gl[ authorised forissue bytheTrustees on 1st Deceubor ZO’
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Report of the independent Auditors To the Members of
THE STABLE FAMILY HOME TRUST
Opinion We have audited the financial statements of The Stable Family Home Trust (the ‘charitable company’) for the year ended 31 March 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial! statements:
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give a true and fair view of the state of the charitable company’s affairs at 31 March 2021, and of its incoming resources and application of resources for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:
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the Trustees’ use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or
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- the Trustees have not disclosed-in the financial statements any identified material uncertainties that may cast significant doubt about the charitable company’s ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue.
Other information
The other information comprises the information included in the Report of the Trustees {including Strategic Report}, other than the financial statements and our Report of the Auditors thereon. The Trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinion on other matters prescribed by the Companies Act 2006
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In our opinion, based on the work undertaken in the course of the audit: - the information given in the Report of the Trustees, which includes the Report of the Directors and the Strategic Report prepared for the purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial statements; and
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- the Strategic Report and the Report of the Directors included within the Report of the Trustees have been prepared in accordance with applicable legal requirements.
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Report of the Independent Auditors (continued) To the Members of
THE STABLE FAMILY HOME TRUST
Matters on which we are required to report by exception
In light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors included within the Report of the Trustees. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
~ certain disclosures of Trustees’ remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit.
Responsibilities of Trustees
As explained more fully in the Statement of Trustees’ Responsibilities, the Trustees (who are also directors of the charitable company for the purposes of company law and trustees of the charity for the purposes of charity law} are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
Auditor’s responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UX) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Identifying and assessing potential risks related to irregularities
Irregularities, including fraud, are non-compliance with laws and regulations. We design procedures, in line with our responsibilities, as set out in the auditors' responsibilities for the audit of the financial statements section, to detect material misstatements in respect of irregularities, including fraud. The extent to which are procedures are capable of detecting irregularities, including fraud, are detailed below. In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations we consider the fo!lowing:
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the nature of the charity sector, control environment and financial performance;
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results of our enquiries of management about their own identification and assessment of the risks of irregularities;
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any matters we identified having obtained and reviewed the charity's documentation of their policies and procedures relating to: - identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance; - detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;
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the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations
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the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.
As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in the following area: revenue and resource recognition. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.
We have also obtained an understanding of the legal and regulatory frameworks that the charity operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Charities Act and related legislation.
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Report of the Independent Auditors (continued) To the Members of
THE STABLE FAMILY HOME TRUST
Audit response to risks identified
As a result of performing the above, we identified revenue and resource recognition as a key audit matter related to the potential risk of fraud. Our procedures to respond to risks identified included the following: * reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;
- understanding the charity's revenue recognition policies and how they are applied, including the relevant controls and performing a walkthrough to validate our understanding.
¢ enquiring of management concerning actual and potential litigation and claims; ¢ performing analytical procedures to compare revenue recognised against expectations and based on past experiences and management forecasts and investigated material divergencies by obtaining corroborative evidence.
¢ reading minutes of meetings of those charged with governance;
« in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; applying parameters designed to identify entries that were not within our expectations. This included analysing and selecting journals for testing which appeared unusual in nature, either due to size, preparer or date of posting. To test their validity, we verified the journals to originating documentation.
We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.
Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations {irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.
Use of our report
This report is made solely to the charitable company’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company’s trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.
Simon Ellingharh BA FCA DChA (Senior Statutory Auditor) for and on behalf of Fawcetts LLP, Chartered Accountants & Statutory Auditors Windover House, St Ann Street, Salisbury, SP1 2DR
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THE STABLE FAMILY HOME TRUST Statement of Financial Activities
For the year ended 31 March 2021
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||||||||||
|---|---|---|---|---|---|---|---|---|
|Unrestricted|2021|2020|
|INCOME AND EXPENDITURE|General|Designated|_ Restricted|Total|Total|
|Note|£|£|£|£|£|
|INCOME AND|ENDOWMENTS|FROM:|
|Donations and|legacies|3|210,565|180,530|391,095|104,180|
|Charitable|activities|4|2,728,098|-|-|2,728,098|3,013,713|
|Other trading|activities|5|13,799|.|-|13,799|75;377|
|Investment|income|6|162|>|-|162|330|
|Other income|7|266,105|-|148,291|414,396|1,816|
|Total income|3,218,729|-|328,821|3,547,550|3,195,416|
|EXPENDITURE|ON:|
|Raising funds|9|112,227|-|11:2;227|125,980|
|Charitable|activities|2,667,817|69,669|275,484|3,012,970|3,006,406|
|Total|expenditure|8|2,780,044|69,669|275,484|3,125,197|3,132,386|
|NET (EXPENDITURE)/INCOME|438,685|(69,669)|53,337|422,353|63,030|
|Transfers|between|funds|(365,666)|365,666|-|-|
|Net movements|in|funds|73,019|295,997|53,337|422,353|63,030|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought|forward|1,828,367|497,432|592,349|2,918,148|2,855,118|
|TOTAL FUNDS CARRIED|FORWARD|1,901,386|793,429|645,686|3,340,501|2,918,148|
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All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above.
Comparative figures for the unrestricted and restricted funds are shown in note 2.
The notes form part of these financial statements
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THE STABLE FAMILY HOME TRUST Balance Sheet
As at 31 March 2021
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|---|---|---|---|---|---|---|
|2021|2020|
|Note|£|£|
|Fixed|assets|
|Tangible|fixed|assets|16|2,269,950|2,284,699|
|Current|assets|
|Stock|17|1,760|2,603|
|Debtors|18|255,020|348,080|
|Cash|at bank and|in|hand|920,021|456,089|
|1,176,801|806,772|
|Creditors:|amounts due within|one|year|19|106,250|173,323|
|Net current|assets|1,070,551|633,449|
|Total|assets|less|current|liabilities|3,340,501|2,918,148|
|NET ASSETS|3,340,501|2,918,148|
|Funds|
|Restricted|funds|20|645,686|592,349|
|Unrestricted|funds:|21|
|General|reserve|fund|1,901,386|1,828,367|
|Designated|fund|793,429|497,432|
|TOTAL FUNDS|21|3,340,501|2,918,148|
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The financiala statements were approved and authorisedoefor issue by the Board of Trustees on {iSAt. and were signed on its behalf by: t) it S FarTo rustee
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THE STABLE FAMILY HOME TRUST
Statement of Cash Flows
For the year ended 31 March 2021
| 2021 | 2020 | |||
|---|---|---|---|---|
| Note | £ | £ | ||
| CASH FLOWSFROM OPERATING ACTIVITIES: | ||||
| Netcash | cash provided by/(used in) operating activities | a | 569,387 | 159,746 |
| Cash flows from investing activities: | ||||
| Purchase oftangible fixed assets | (105,617) | (29,235) | ||
| Proceeds on sale of tangible fixed assets | - | - | ||
| Interest receivable | 162 | 330 | ||
| Netcash | cash provided by/(used in) investing activities | (105,455) | (28,905) | |
| CHANGE INCASHANDCASH EQUIVALENTS FORTHEYEAR | 463,932 | 130,841 | ||
| Cash and cash equivalents broughtforward | b | 456,089 | 325,248 | |
| CASHANDCASH EQUIVALENTSCARRIEDFORWARD | ||||
| AT31MARCH | 920,021 | 456,089 | ||
| a) | Reconciliation ofnetincome/(expenditure) to net cashflow | flowfrom operatingactivities | ||
| 2021 | 2020 | |||
| £ | £ | |||
| Netincome/(expenditure) forthe year as perthe | ||||
| Statement of Financial Activities | 422,353 | 63,030 | ||
| Adjusted for: | ||||
| Depreciation Interest receivable |
120,366 (162) |
122,475 (330) |
||
| Decrease in stocks | 843 | (381) | ||
| (Increase)/decrease in debtors | 93,060 | (45,947) | ||
| Increase/(decrease) in creditors | (67,073) | 21,199 | ||
| Netcash (used in)/provided byoperating activities | 569,387 | 159,746 | ||
| b) | Analysis ofcash and cash equivalents | |||
| 2021 | 2020 | |||
| £ | £ | |||
| Cashatbankandinhand | 920,021 | 456,089 |
The notes form part of these financial statements
13
THE STABLE FAMILY HOME TRUST Notes to the Financial Statements
For the year ended 31 March 2021
- Accounting policies
A summary of the principal accounting policies adopted, which have been applied consistently, are set out below:
1.1 Accounting convention
-
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Account and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)', 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 historic cost convention.
-
1.2 Income All income whether from donations and legacies, fees from local authorities, other trading activities or investment income are accounted for in the Statement of Financial Activities once the charity has entitlement to the funds and the conditions of certainty and measurement as defined within the Charities SORP have been met.
Donations are accounted for as they are received.
Pecuniary legacies are accounted for as they are received. Residuary legacies are accounted for at the date of entitlement. Local Authority fees are accounted for at the date the invoice is issued in accordance with the terms and conditions prevailing with the local authority.
Shop income is accounted for at the point of sale.
Investment income is accounted for once the income has been credited to the bank account.
Any other sources of income not noted above are recognised at the date of receipt.
-
1.3 Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
-
1.4 Raising funds Raising funds includes all expenditure incurred by the charity to raise funds for its charitable purposes and includes costs of all fundraising activities, events and non-charitable trading.
-
1.5 Incoming resources from charitable activities Incoming resources from charitable activities represent the amounts receivable, on a daily basis, for residents and day care clients.
-
1.6 Allocation and apportionment of costs Charitable costs have been allocated between direct costs and support (governance) costs. Support costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include costs related to statutory audit and professional fees together with Trustees indemnity insurance. The allocation of direct and governance costs is analysed in notes 10 and 11.
14
THE STABLE FAMILY HOME TRUST Notes to the Financial Statements
For the year ended 31 March 2021
1.7 Redundancy and termination payments
Termination payments are payable when employment is terminated before the normal retirement date, or whenever an employee accepts voluntary redundancy in exchange for these payments. The charity recognises termination payments when it is demonstrably committed to either (i) terminating the employment of current employees according to a detailed formal plan without possibility of withdrawal or (ii) providing termination benefits as a result of an offer made to encourage voluntary redundancy.
1.8 Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property 1% per year Leasehold property Over term of the lease Building improvements 1% per year Fixtures and fittings Straight line over 5 years Computer equipment Straight line over S years
Depreciation is calculated to write down the cost of valuation, less estimated residual value, of all tangible fixed assets, other than freehold land, over their expected useful lives. This applies to assets with a value of £300 or more. Depreciation on assets is calculated from the date that the asset is brought into use.
1.9 Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
1.10 Taxation
The charity is exempt from corporation tax on its charitable activities.
1.11 Fund accounting
General funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the Trust.
Designated funds are funds which have been set aside at the discretion of the Trustees to help finance specific projects.
Restricted funds are funds subject to specific restrictive conditions imposed by donors or by the purpose of the appeal. Such donations and grants are treated as income in the year of receipt. Unspent restricted income is carried forward within restricted funds and spread over the life of the relevant asset or project.
All income and expenditure is shown in the Statement of Financial Activities.
1.12 Leases
The Trust enters into operating leases. Rental costs under operating leases is charged on a straight-line basis over the term, even if the payments are not made on such a basis.
15
THE STABLE FAMILY HOME TRUST Notes to the Financial Statements
For the year ended 31 March 2021
1.13 Pension costs and other post-retirement benefits
- The Trust provides pensions to its employees through a defined contribution group personal pension scheme. The assets of the scheme are held independently of the Trust by Friends Provident Corporate Pensions Limited.
Pension contributions are charged to the Statement of Financial Activities as they become payable in accordance with the rules of the scheme. Any difference between amounts charged to the Statement of Financial Activities and contributions paid are shown as a separately identified liability or asset in the balance sheet.
1.14 Financial instruments
- The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
1.15 Trade debtors
- Trade debtors are carried at original net invoice amount less an estimate for doubtful debtors. Bad debts are written off when identified. Specific provisions are made against debts whose recovery is considered doubtful.
1.16 Provisions and accruals
Provisions are recognised when there is a present legal or constructive obligation as a result of past events and the amount can be reliably estimated. Provisions are not recognised for future operating losses.
1.17 Government grants and COVID-19
The charity has received support from the UK Government as part of a package of measures introduced to support businesses during the coronavirus pandemic. Government grants are recognised in the financial statements in the period in which they become receivable.
16
THE STABLE FAMILY HOME TRUST Statement of Financial Activities
For the year ended 31 March 2021
.
2. Statement of financial activities - comparative balances
==> picture [422 x 491] intentionally omitted <==
----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|Unrestricted|2020|
|INCOME AND EXPENDITURE|General|Designated|_ Restricted|Total|
|£|£|£|£|
|INCOME AND ENDOWMENTS|FROM:|
|Donations|and|legacies|80,036|-|24,144|104,180|
|Charitable|activities|3,013,713|.|~|3,013,713|
|Other trading|activities|75,377|-|-|75;377|
|Investment income|330|-|-|330|
|Other income|1,816|.|-|1,816|
|Total income|3,171,272|-|24,144|3,195,416|
|EXPENDITURE|ON:|
|Raising funds|125,980|-|-|125,980|
|Charitable|activities|2,923,946|42,621|39,839|3,006,406|
|Total|expenditure|3,049,926|42,621|39,839|3,132,386|
|NET (EXPENDITURE)/INCOME|121,346|(42,621)|(15,695)|63,030|
|Transfers between|funds|(47,666)|59,666|(12,000)|.|
|Net movements|in|funds|73,680|17,045|(27,695)|63,030|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought forward|1,754,687|480,387|620,044|2,855,118|
|TOTAL FUNDS CARRIED FORWARD|1,828,367|497,432|592,349|2,918,148|
----- End of picture text -----
17
THE STABLE FAMILY HOME TRUST Notes to the Financial Statements
For the year ended 31 March 2021
==> picture [94 x 17] intentionally omitted <==
----- Start of picture text -----
3. Donations and Legacies
----- End of picture text -----
| Donations and Legaciesand LegaciesLegacies | Capital | Total | Total | ||
|---|---|---|---|---|---|
| Unrestricted é |
Appeal £ |
Restricted £ |
2021 £ |
2020 £ |
|
| Donations inkind -Bisterne Estate GarfieldWeston LevenesSolicitors Tapper&Son Edward GoslingFoundation Richard DaviesCharitable Foundation VerwoodRotary Club Ringwood RotaryClub DorsetCommunity Louis Ross Foundation SouterCharitableTrust |
20,000 - - - 5,000 = = - - - 3,000 |
- - - - - - - - > - - |
- 51,000 1,000 2,520 10,000 2,000 1,000 500 2,500 1,092 - |
20,000 51,000 1,000 2,520 15,000 2,000 1,000 500 2,500 1,092 3,000 |
20,000 - = - - 500 - = - - - |
| MrPFrank | 500 | - | - | 500 | - |
| Frognal Trust Lord&Lady Fellowers De Laszlo Foundation Persimmon Charitable |
2,000 2,000 1,000 1,000 |
= - = - |
- - - - |
2,000 2,000 1,000 1,000 |
- - - - |
| SherbourneAbbey Macfalanes OliverFord |
1,000 15,000 |
- - |
- - |
1,000 15,000 |
- - |
| Martin&Co | 1,000 | - | - | 1,000 | - |
| Hall CharitableTrust | 1,000 | - | - | 1,000 | - |
| LodgeofUnity RH CharitableCHoare |
500 1,000 |
- - |
- - |
500 1,000 |
- - |
| CTownsend | 1,500 | = | - | 1,500 | - |
| Dobson | 1,000 | : | : | 1,000 | S |
| RD Freemantle | 1,000 | - | - | 1,000 | - |
| GH Mills | 10,000 | - | - | 10,000 | - |
| M J Cadman | 1,000 | = | - | 1,000 | - |
| TalbotVillage ElizabethLodge |
J Bailey PHarford |
25,000 1,000 750 500 |
- - - = |
- - - - |
25,000 1,000 750 500 |
| MasonicCharitable | 500 | - | = | 500 | - |
| Lodge 132 RedlynchCharitableTrust AFCBournemouth Cherries TheColefaxCharitable Trust Fine FamilyFoundation TheJERCharitableTrust JS Coobs SylviaWaddilove Anonymous TheWebb FamilyCharitable Trust The Percy BiltonGrant TheLeonard StoateCharity Gardeningforthe Disabled Leeds BuildingSociety BoshierHinton Foundation DavidSolomonsCharitableTrust |
500 - - 2,000 - - - - 1,000 2,000 - - = = ~ - |
2 - - - = - : - - - - - “ - 3 - |
- - - = - - - - - 2,000 500 - - - - - |
500 - - 2,000 = - - - 1,000 4,000 500 - = = - - |
- 1,000 1,000 1,000 500 2,500 300 1,000 3,000 2,000 2,345 1,000 872 71S 1,000 1,000 |
| CAF PepperFamily The HospitalSaturdayFund TheLadyHindTrust |
3 - = - |
= = - = |
- - - - |
- - = : |
325 75 8,000 1,000 |
| TheValentine Charitable Trust | 10,000 | - | - | 10,000 | - |
| HIWCF Hampshire | 8,000 | - | - | 8,000 | - |
| BailyThomasTrust | 20,000 | - | - | 20,000 | = |
| Carriedforward | 139,750 | - | 74,112 | 213,862 | 49,192 |
18
THE STABLE FAMILY HOME TRUST Notes to the Financial Statements
For the year ended 31 March 2021
==> picture [485 x 335] intentionally omitted <==
----- Start of picture text -----
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|3.|Donations and|Legacies (continued)|Capital|Total|Total|
|Unrestricted|Appeal|Restricted|2021|2020|
|£|£|£|£|£|
|Brought forward|139,750|-|74,112|213,862|49,192|
|The Geoff &|Fiona|Squire|Foundation|12,000|:|15,000|27,000|-|
|The Albert|Hunt|Trust|5,000|-|-|5,000|-|
|TH|Russell|Trust|-|-|10,000|10,000|-|
|Bransgrove|Rotary|Club|-|<|2,000|2,000|>|
|Screwfix|-|-|-|-|5,000|
|Mrs|E A Williams|5,000|-|=|5,000|-|
|Forelle|Estate|2|-|500|500|500|
|Lady|Meyrick|-|-|-|-|4,000|
|O'Sullivan|Family Trust|=|=|-|-|10,000|
|Edwina|Mountbatten|and|Leonora|Children's|Foundation|=|-|z|-|5,000|
|The|Carron|Charitable Trust|-|-|-|-|500|
|The Alice|Ellen Cooper-Dean|Charitable|Foundation|10,000|-|-|10,000|10,000|
|The|Vec Acorn|Trust|-|-|-|-|500|
|The Cadogan|Charity|5,000|-|-|5,000|5,000|
|Sherborne Abbey|=|-|-|-|500|
|J & M|Family Foundation|-|=|-|-|1,000|
|Co-op Community Fund|-|-|-|=|2,252|
|CAF|2,000|-|78,134|80,134|500|
|Sweet|Charity|Choir|.|=|-|-|1,387|
|The|Online|Foundation|-|-|~|-|3,715|
|Collection|Boxes|-|-|-|-|462|
|Various Sponsorship|Events|11,995|11,995|
|Donations|under £500|per donor|19,820|-|784|20,604|5,272|
|Totals as|per SOFA|210,565|=|180,530|391,095|104,180|
----- End of picture text -----
The funds received for the Capital Appeal form part of the restricted funds for disclosure purposes and are identified separately for clarity.
19
THE STABLE FAMILY HOME TRUST Notes to the Financial Statements
For the year ended 31 March 2021
For the year ended 31 March 2020 donations and legacies are analysed between funds as follows:
| Capital | Total | |||
|---|---|---|---|---|
| Unrestricted | Appeal | Restricted | 2020 | |
| £ | £ | £ | E | |
| Donations in kind - Bisterne Estate | 20,000 | - | - | 20,000 |
| AllianceFamilyFoundation | - | 500 | - | $00 |
| Redlynch Charitable Trust AFCBournemouth Cherries |
1,000 1,000 |
- - |
- = |
1,000 1,000 |
| TheColefax CharitableTrust | 1,000 | - | - | 1,000 |
| FineFamilyFoundation TheJFRCharitableTrust |
500 2,500 |
- - |
= - |
500 2,500 |
| JSCoobs | 300 | - | - | 300 |
| SylviaWaddilove | 1,000 | - | - | 1,000 |
| Anonymous TheWebb FamilyCharitableTrust |
3,000 2,000 |
- - |
a - |
3,000 2,000 |
| The Percy Bilton Grant The LeonardStoate Charity |
- - |
- - |
2,345 1,000 |
2,345 1,000 |
| Gardening forthe Disabled | - | - | 872 | 872 |
| Leeds Building Society | - | : | 775 | 775 |
| Boshier Hinton Foundation | - | - | 1,000 | 1,000 |
| David Solomons CharitableTrust | - | : | 1,000 | 1,000 |
| CAF | - | - | 325 | 325 |
| PepperFamily | ~ | - | 75 | 75 |
| The Hospital Saturday Fund | : | - | 8,000 | 8,000 |
| The Lady HindTrust | 1,000 | - | - | 1,000 |
| Screwfix Forelle Estate |
- 500 |
- - |
5,000 - |
5,000 500 |
| Lady Meyrick | 4,000 | - | 2 | 4,000 |
| O'Sullivan FamilyTrust | 10,000 | - | - | 10,000 |
| Edwina Mountbatten and Leonora Children's Foundation | 5,000 | - | - | 5,000 |
| The Carron CharitableTrust | 500 | - | - | 500 |
| TheAlice EllenCooper-Dean Charitable Foundation | 10,000 | = | - | 10,000 |
| TheVecAcorn Trust | 500 | - | : | 500 |
| TheCadogan Charity | 5,000 | - | - | 5,000 |
| SherborneAbbey | 500 | - | - | 500 |
| J&M Family Foundation | - | - | 1,000 | 1,000 |
| Co-opCommunity Fund | - | > | 2,252 | 2,252 |
| CAF | 500 | = | - | 500 |
| SweetCharityChoir | 1,387 | - | - | 1,387 |
| TheOnline Foundation | 3,115 | - | - | 3,115 |
| Collection Boxes | 462 | - | - | 462 |
| Various Sponsorship Events | ||||
| Donations under£500 perdonor | 5,272 | - | - | 5,272 |
| 80,036 | 500 | 23,644 | 104,180 |
20
THE STABLE FAMILY HOME TRUST Notes to the Financial Statements
For the year ended 31 March 2021
4. income from Charitable Activities
| income from Charitable Activities | |||
|---|---|---|---|
| 2021 | 2020 | ||
| Activity | £ | £ | |
| LocalAuthorities/ParentsFees Property rentalincome |
Incoming Resources IncomingResources |
2,285,093 443,005 |
2,604,234 409,479 |
| 2,728,098 | 3,013,713 |
Property Rental Income
The charity has property rental income with respect to the following properties Kings Park, Pinehaven, Abbotsford, Hayes Avenue, Watersreach and Merrivale. There is currently no minimum income as it depends on the occupancy and as a result we are unable to state future income.
5. Other trading activities
| 5. | Other trading activitiestrading activitiesactivities | Unrestricted | Unrestricted | Unrestricted |
|---|---|---|---|---|
| Activitiesforgeneratingfunds: | funds | funds | ||
| 2021 | 2020 | |||
| £ | £ | |||
| Summerfayre | - | 6,364 | ||
| Christmas fayreand raffle | - | 4,066 | ||
| Summersoul | - | 3,583 | ||
| Dragon boats | . | 6,342 | ||
| Bike-a-thon | - | 1,190 | ||
| Gifted sales | 266 | 18,029 | ||
| Aspire sales | 53 | 12,713 | ||
| Giveasyou live | 4,683 | 20 | ||
| Other activities | 8,797 | 23,070 | ||
| 13,799 | 75,377 | |||
| 6. | Investment income | |||
| 2021 | 2020 | |||
| £ | £ | |||
| Interest receivable | _ | 62 | 3830 | |
| 7. | Otherincome | |||
| 2021 | 2020 | |||
| £ | £ | |||
| GiftAid | 10,399 | - | ||
| DayService Loss ofIncome payments | 92,374 | - | ||
| Local AuthorityCovid Grants - Restricted | 148,291 | - | ||
| Coronavirus Job Retention Scheme | 163,332 | 1,816 | ||
| 414,396 | 1,816 |
21
THE STABLE FAMILY HOME TRUST Notes to the Financial Statements
For the year ended 31 March 2021
- Expenditure
| Expenditure | ||||||
|---|---|---|---|---|---|---|
| Expenditure | Other | Total | Total | |||
| Staffcosts | Costs | Depreciation | 2021 | 2020 | ||
| Note | £ | £ | £ | £ | £ | |
| Raisingfunds | ||||||
| Generatingvoluntaryincome | 9 | 93,479 | 18,748 | - | 112,227 | 125,980 |
| Charitable activities | ||||||
| Directcostsofthe Charity | 10 | 2,104,240 | 770,740 | 120,366 | 2,995,346 | 2,986,479 |
| Supportcosts | 11 | ‘ | 17,624 | = | 17,624 | 19,927 |
| 2,104,240 | 788,364 | 120,366 | 3,012,970 | 3,006,406 | ||
| 2,197,719 | 807,112 | 120,366 | 3,125,197 | 3,132,386 | ||
| Raising Funds | ||||||
| Othertrading activities | 2021 | 2020 | ||||
| £ | f | |||||
| Staffcosts | 93,479 | 80,972 | ||||
| Otherexpenses | 4,659 | 2,563 | ||||
| Marketingexpenses | 104 | 5,602 | ||||
| Gifted expenses | 2,084 | 11,782 | ||||
| Event expenses | 11,901 | 19,061 | ||||
| Consultancy costs | 5 | 6,000 | ||||
| 112,227 | 125,980 |
9. Raising Funds
For the year ended 31 March 2021 expenditure on raising funds was all unrestricted fund expenditure.
22
THE STABLE FAMILY HOME TRUST Notes to the Financial Statements For the year ended 31 March 2021
- Direct costs of costs of of the Charity Charity
==> picture [473 x 414] intentionally omitted <==
----- Start of picture text -----
||||||||||
|---|---|---|---|---|---|---|---|---|
|Direct costs of costs of of|the Charity Charity|Total|Total|
|Unrestricted|Restricted|Designated|2021|2020|
|£|£|£|£|£|
|Wages|1,906,329|-|1,906,329|2,084,925|
|Social|security|141,100|-|-|141,100|149,012|
|Pensions|56,811|-|-|56,811|53,349|
|Other operating leases|12,539|-|-|12,539|7,200|
|Rent,|rates and water|85,537|-|-|85,537|69,065|
|Insurance|56,644|-|-|56,644|53,684|
|Light and heat|24,876|-|=|24,876|30,585|
|Telephone|18,753|-|-|18,753|19,831|
|Health scheme|16,842|-|-|16,842|18,641|
|Supported|living running costs and sundries|66,030|-|-|66,030|49,054|
|Quality assurance expenses|7,200|-|-|7,200|7,200|
|Training|2,385|-|-|2,385|11,339|
|Travel|19,415|-|-|19,415|49,344|
|Repairs & renewals|22,332|936|46,272|69,540|46,556|
|Administration|2,729|-|-|2,729|20,510|
|Client activities|2,943|12,957|-|15,900|14,544|
|Household|running expenses|5,737|-|-|5,737|15,252|
|Food expenses|9,366|-|-|9,366|8,238|
|Catering|252|-|-|252|11,562|
|Garden|1,050|-|-|1,050|13,684|
|IT|47,943|-|47,943|36,780|
|Recruitment|6,545|-|:|6,545|8,325|
|Webroster expense|879|-|-|879|3,682|
|Office costs/administration|22,245|7,722|-|29,967|34,428|
|Staff Christmas|party|-|-|-|-|1,860|
|Meeting and training|refreshments|2|-|-|Z|2,166|
|Bank charges|1,631|-|-|1,631|2,157|
|Consultancy fees|15,240|-|-|15,240|14,494|
|Equipment|hire|13,677|-|-|13,677|14,609|
|Childcare vouchers|324|-|-|324|424|
|Depreciation|82,655|14,314|23,397|120,366|122,175|
|Loss on|disposal|of fixed|assets|-|-|-|-|-|
|Bad|debts|182|-|-|182|-|
|Expenses|relating to the Covid-19|Pandemic|-|239,555|-|239,555|-|
|Improvements to property written|off|=|-|=|-|11,804|
|2,650,193|275,484|69,669|2,995,346|2,986,479|
----- End of picture text -----
23
THE STABLE FAMILY HOME TRUST Notes to the Financial Statements
For the year ended 31 March 2021
For the year ended 31 March 2020 charitable activities costs are analysed between funds as follows:
| Total | ||||||
|---|---|---|---|---|---|---|
| Unrestricted | Designated | Restricted | 2020 | |||
| £ | £ | £ | £ | |||
| Wages Socialsecurity Pensions Otheroperatingleases Rent, rates and water Insurance Lightand heat Telephone Healthscheme |
2,081,359 149,012 53,349 7,200 69,065 53,684 30,585 19,831 18,641 |
3,566 - - - - - - . - |
- - - : - - - - . |
2,084,925 149,012 53,349 7,200 69,065 53,684 30,585 19,831 18,641 |
||
| Supported living runningcostsand sundries Qualityassuranceexpenses Training Travel Repairs&renewals Administration Clientactivities |
49,054 7,200 11,339 49,344 24,820 20,510 14,272 |
- - : : 17,446 - 272 |
= - = - 4,290 - - |
49,054 7,200 11,339 49,344 46,556 20,510 14,544 |
||
| Household runningexpenses Foodexpenses Catering Garden |
15,252 8,238 11,562 13,684 |
- - - - |
- - - - |
15,252 8,238 11,562 13,684 |
||
| IT | 34,435 | 2,345 | = | 36,780 | ||
| Recruitment | 8,325 | - | - | 8,325 | ||
| Webroster expense Officecosts/administration |
3,682 34,428 |
- - |
- - |
3,682 34,428 |
||
| StaffChristmas party Meetingand training refreshments Bankcharges Consultancyfees Equipmenthire Childcare vouchers |
1,860 2,166 2,157 14,494 14,609 424 |
- - - - - - |
- - - - - - |
1,860 2,166 2,157 14,494 14,609 424 |
||
| Depreciation {mprovements to property written off |
79,438 - |
11,697 4,513 |
31,040 7,291 |
122,175 11,804 |
||
| 2,504,019 | 39,839 | 42,621 | 2,986,479 | |||
| 11. | Supportcosts | Total | Total | |||
| Unrestricted | Restricted | 2021 | 2020 | |||
| f | £ | £ | £ | |||
| Auditor's remuneration | 7,500 | = | 7,500 | 7,320 | ||
| Legal and professional fees Trustees'indemnityinsurance |
9,284 840 |
- - |
9,284 840 |
11,991 616 |
||
| 17,624 | + | 17,624 | 19,927 |
24
THE STABLE FAMILY HOME TRUST Notes to the Financial Statements For the year ended 31 March 2021
- Net Income/{expenditure)
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----- Start of picture text -----
|||||
|---|---|---|---|
|Net income/(expenditure)|s stated after charging/{crediting):|2021|2020|
|£|£|
|Auditors' remuneration|7,500|7,320|
|Depreciation|120,366|122,175|
|Other operating leases|12,539|7,200|
----- End of picture text -----
- Trustees’ remuneration and benefits
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.
Trustees’ expenses There were no trustees’ expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
==> picture [399 x 236] intentionally omitted <==
----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|14.|Staff costs|2021|2020|
|£|£|
|Wages and salaries|1,999,808|2,165,897|
|Social security|costs|141,100|149,012|
|Other pensions costs|56,811|53,349|
|2,197,719|2,368,258|
|The average|monthly number of employees during the year was as follows:|2021|2020|
|Residential|homes|4|6|
|Aspire|10|18|
|Supported|living|43|43|
|Domiciliary|care|1|1|
|Administration|-|9|82|
|Capital|appeal|
|Fundraising|3|1|
|70|79|
|The number of employees whose employee|benefits|(excluding|employer pension|costs)|exceeded|£60,000 was:|
|2021|2020|
|£60,000|- £70,000|1|1|
----- End of picture text -----
The key management personnel of the charity are listed on page 1. The total amount of the employee benefits (including employer national insurance contributions) received by key management personnel for their services was £445,572 (2020: £447,972}. In addition, employer's pension contributions of £18,639 (2020: £14,719) were paid for the 12 (2020: 12) employees.
The Trust operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions payable by the company amounted to £56,811 (2020: £53,349).
Included within the wages and salaries costs were redundancy/termination payments totalling £25,747 (2020: £5,202).
25
THE STABLE FAMILY HOME TRUST Notes to the Financial Statements
For the year ended 31 March 2021
15. Obligations under leasing agreements
The total future minimum payments due on leases expiring:
| Operating | leases | |||||||
|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||||
| £ | £ | |||||||
| Expiring: | ||||||||
| Within oneyear | 88,100 | 38,000 | ||||||
| Within onetofiveyears | 282,600 | 152,000 | ||||||
| Morethanfiveyears | 158,267 | 120,667 | ||||||
| 528,967 | 310,667 | |||||||
| 16. | Tangible fixed assets | |||||||
| Freehold property |
Short leasehold |
Building improvements |
Fixturesand fittings |
Computer equipment |
Total | |||
| £ | £ | £ | £ | £ | £ | |||
| Cost | ||||||||
| At 1 April2020 | 1,813,769 | 799,531 | 443,160 | 384,288 | 73,539 | 3,514,287 | ||
| Additions | - | 26,684 | 45,223 | 26,444 | 7,266 | 105,617 | ||
| Transfer | . | 58,525 | (58,525) | - | - | - | ||
| Disposals | - | - | - | - | (22,891) | (22,891) | ||
| At31March 2021 | 1,813,769 | 884,740 | 429,858 | 410,732 | 57,914 | 3,597,013 | ||
| Depreciation | ||||||||
| At 1April2020 | 123,601 | 764,012 | 9,030 | 276,888 | 56,057 | 1,229,588 | ||
| Charge forthe year | 17,356 | 40,970 | 4,299 | 49,369 | 7,872 | 120,366 | ||
| Transfer | - | 1,171 | (1,171) | - | - | - | ||
| Eliminated on disposals | - | - | - | - | (22,891) | (22,891) | ||
| At31 March2021 | 140,957 | 806,153 | 12,158 | 326,757 | 41,038 | 1,327,063 | ||
| Net bookvalue | ||||||||
| At 31 March2021 | 1,672,812 | 78,587 | 417,700 | 83,975 | 16,876 | 2,269,950 | ||
| At 31 March 2020 | 1,690,168 | 35,519 | 434,130 | 107,400 | 17,482 | 2,284,699 | ||
| Included in costorvaluation of | land and buildings isfreehold land of£78,173 (2020: £78,173) | which is not depreciated. | ||||||
| All fixed assets are held forthe | direct | furtherance ofthe charity's objects. | ||||||
| 17. | Stock | |||||||
| 2021 | 2020 | |||||||
| £ | £ | |||||||
| Stocks | 1,760 | 2,603 | ||||||
| 18. | Debtors | |||||||
| 2021 | 2020 | |||||||
| £ | £ | |||||||
| Trade debtors | 185,797 | 301,536 | ||||||
| Otherdebtors | 7,988 | 4,291 | ||||||
| Prepayments and accrued income | 61,235 | 42,253 | ||||||
| 255,020 | 348,080 | |||||||
| 19. | Creditors:amounts duewithin | oneyear | ||||||
| 2021 | 2020 | |||||||
| £ | £ | |||||||
| Trade creditors | 6,164 | 46,157 | ||||||
| Social securityand othertaxes | - | 39,258 | ||||||
| Other creditors | 23,540 | 30,665 | ||||||
| Accrued expenses | 76,546 | $7,243 | ||||||
| 106,250 | 173,323 |
26
THE STABLE FAMILY HOME TRUST Notes to the Financial Statements
For the year ended 31 March 2021
20. MOVEMENT IN FUNDS
| Statement offunds | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Balance at | Incoming | Outgoing | Transfers | Balance at | ||||||
| 1.4.20 | resources | resources | Depreciation | to/(from) | 31,3.21 | |||||
| £ | £ | £ | £ | £ | £ | |||||
| Restricted funds: | ||||||||||
| CapitalAppeal | 516,252 | - | - | (5,242) | - | 511,010 | ||||
| Car Park&Garden Walls | 978 | - | - | - | - | 978 | ||||
| DayService | 167 | - | - | = | - | 167 | ||||
| Media Fund Suite | 1,001 | - | - | (338) | - | 663 | ||||
| New ForestRotary Club | 1,017 | - | - | . | - | 1,017 | ||||
| Abbotsford Refurbishment | 11,820 | : | = | (542) | - | 11,278 | ||||
| Summer Fayre | 2,380 | = | - | - | - | 2,380 | ||||
| ClockTower | 285 | : | {220) | ~ | - | 65 | ||||
| ComputerEquipment | 1,052 | . | - | (256) | - | 796 | ||||
| Merrivale Refurbishment | 33,076 | 51,000 | (714) | (2,528) | - | 80,834 | ||||
| Computer Equipment | 7,200 | - | - | (2,400) | - | 4,800 | ||||
| Nourish Tablets | 8,363 | - | (7,722) | - | : | 641 | ||||
| MerrivaleComputers | 730 | = | - | (135) | = | 595 | ||||
| Gifted Garden Centre | 2,252 | - | - | - | - | 2,252 | ||||
| Abbotsford Clients | 128 | 2 | - | - | - | 128 | ||||
| HotboxGrowbox | 698 | - | = | (174) | - | 524 | ||||
| Pinehaven Improvements | 4,950 | = | = | (50) | 2 | 4,900 | ||||
| ClientChristmas Party | - | 500 | (447) | - | : | 53 | ||||
| BelleVueCrescent | - | 10,000 | - | (2,001) | 2 | 7,999 | ||||
| Outdoor Fitness | - | 2,000 | {2,000) | - | : | - | ||||
| Isolation House | . | 6,684 | (4,734) | - | - | 1,950 | ||||
| ClientActivities | - | 10,000 | (8,985) | - | - | 1,015 | ||||
| CAFStaffCostSupported Living | - | 77,634 | (77,634) | - | z | : | ||||
| HayesSensoryEquipment | - | 1,592 | (1,525) | - | - | 67 | ||||
| Abbotsford Decorating | - | 4,120 | - | - | - | 4,120 | ||||
| BCP Grant # | - | 32,587 | (34,491) | - | - | (1,904) | ||||
| HCCGrant * | - | 9,596 | (9,596) | . | - | - | ||||
| Loca! Authority Covid Grants * | - | 3,161 | (3,161) | - | - | - | ||||
| BCP Infection Control * | . | 14,485 | (14,485) | : | - | = | ||||
| Covid LotteryGrant * | - | 30,008 | (29,103} | - | - | 905 | ||||
| Lateral Flow Tests * | - | 17,000 | {17,000} | : | - | - | ||||
| BCPWorkforce # | - | 35,000 | (39,920) | - | - | (4,920) | ||||
| RapidTestingBCP * | - | 13,694 | (8,167) | - | - | 5,527 | ||||
| HCC DayService CovidGrant * | - | 7,500 | (1,266) | {648) | - | 5,586 | ||||
| HCCSupportTesting * | - | 2,260 | = | : | - | 2,260 | ||||
| 592,349 | 328,821 | (261,170) | (14,314) | - | 645,686 | |||||
| Unrestricted funds | ||||||||||
| General fund | 1,828,367 | 3,218,729 | (2,780,044) | - | (365,666) | 1,901,386 | ||||
| Designated funds | 497,432 | - | (69,669) | - | 365,666 | 793,429 | ||||
| 2,325,799 | 3,218,729 | {2,849,713) | - | - | 2,694,815 | |||||
| TOTALFUNDS | 2,918,148 | 3,547,550 | (3,110,883) | (14,314) | - | 3,340,501 | ||||
| During theyearthere was a transfer made of£Nil (2020 - | £12,000) | from the Capital | Appeal to | the | General fund | relating | to donations | |||
| whichdonorshavekindlyunrestricted. |
During the year the trustees designated the following amounts for future projects, Holiday Home £75,000, Future Building Projects £200,000 and Day Service £25,000.
27
THE STABLE FAMILY HOME TRUST Notes to the Financial Statements
For the year ended 31 March 2021
20. MOVEMENT IN FUNDS (continued)
==> picture [449 x 439] intentionally omitted <==
----- Start of picture text -----
||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Restricted|funds:|these|represent|grants|and|donations|received|for|specific|purposes|within|each|charitable|activity.|The|purpose of|
|the|larger grants/donations|are|detailed|below:|
|Capital|Appeal|Details|are|included|within the Trustee's|report.|
|Car Park and Garden|Walls|Repairs and|maintenance|of car|park and the garden|walls.|
|Day Service|General|supplies|for|activities.|
|Media Fund Suite|The|provision|of IT equipment|to|enable|learning and|hobbies|for people with|learning|disabilities.|
|New Forest Rotary Club|To be used|for the|purchase of furnishings|in supported|living accommodation.|
|Abbotsford refurbishment|To|refurbish|Abbotsford|home|for|first|residents.|
|Computer Equipment|Used|for the|purchase|of computer|equipment.|
|Summer Fayre|To be|used|to|purchase a|people|carrier and a|laser|cutter.|
|Clock Tower|To|assist|with|maintenance|costs|as they|arise.|
|Merrivale|Refurbishment|To|refurbish|Merrivale|home|for|first|residents.|
|Computer Equipment|To|assist with|purchase of new computers|for|staff.|
|Nourish|Tablets|To|assist|with|purchase|of tablet|computers|for|new|Nourish|system,|
|Merrivale Computer|To|purchase|a|computer|for|Merrivale|residents|and|staff.|
|Gifted Garden Centre|To|purchase|items|for the|running|of Gifted|garden|centre.|
|Hotbox Growbox|Garden|equipment|for|education|and|supplies|to|Gifted.|
|Pinehaven improvements|Improvements|to the supported|living|home.|
|Abbotsford Clients|Activities for|clients|living|in Abbotsford.|
|Client|Christmas Party|Activities|for|clients|over|Christmas|
|Belle|Vue|Crescent|To|refurbish|Belle Vue|home|for the|first|clients|to move|in|
|Outdoor Fitness|On|site|fitness|equipment|
|To|assist|with|the|purchase|of goods|for|anyone who|has to|isolate|while|having|covid|in|a|separate|
|fsalation|House|home|
|Client Activities|Purchases|of|activities|for|day|service|
|CAF Staff Cost Supported Living|To|assist|in|paying|support staff salaries|and|on|costs|for|clients|in their own|home|
|Hayes Sensory Equipment|To|assist with the|purchase|of sensory equipment|for|clients|in their own|home|
|Abbotsford Decorating|External|decorating|of Abbotsford|home|
|* Funds above Covid-19 Related|These|grants|are|for|dealing|with|the|Covid-19|pandemic|
|Grants|relating|to|the|Covid-19|pandemic,|these|have|been|overspent|during|the|year|and|will|be|
|# BCP|Grant and|BCP|Workforce|recovered|in|the|new|financial|year.|
----- End of picture text -----
Designated funds are held for the purpose of financing home improvements and purchases as noted in the strategic report.
Sinking funds
For each freehold property owned by the Trust and for each of those leasehold properties held on a fully repairing lease, the Trust puts aside a fixed amount annually to provide for future major building repairs and refurbishments. The Trust has defined major repairs as those costing in excess of £2,500.
These amounts are held as a single fund within Designated Funds, to be allocated to specific projects as and when required.
28
THE STABLE FAMILY HOME TRUST Notes to the Financial Statements
For the year ended 31 March 2021
20. Statement of funds (continued)
Comparative statement of funds for the year ended 31 March 2020:
==> picture [447 x 410] intentionally omitted <==
----- Start of picture text -----
|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|Balance at|Incoming|Outgoing|Transfers|Balance at|
|1.4.19|resources|resources|Depreciation|to/(from)|31.3.20|
|£|£|£|£|£|£|
|Restricted|funds:|
|Capital Appeal|532,993|500|-|(5,241)|(12,000)|516,252|
|Car Park & Garden|Walls|978|-|-|-|:|978|
|Day Service|167|-|-|-|-|167|
|Safer|Places Scheme|2,649|-|(2,649)|-|-|-|
|Friendship & Wellbeing|Project|917|-|(917)|-|-|-|
|Media|Fund Suite|1,340|=|-|(339)|-|1,001|
|New|Forest|Rotary|Club|1,017|-|-|-|-|1,017|
|Abbotsford|Refurbishment|12,362|-|-|(542)|-|11,820|
|Summer|Fayre|2,380|-|-|-|-|2,380|
|Clock Tower|520|-|(235)|-|-|285|
|Supported|Living|3,942|-|(3,942)|-|-|-|
|Computer Equipment|1,500|-|(192)|(256)|-|1,052|
|Potters Wheel|40|-|(40)|-|-|-|
|Merrivale refurbishment|38,957|1,000|(4,321)|(2,560)|-|33,076|
|Merrivale|furnishings|1,000|-|(1,000}|-|-|=|
|Outdoor|fitness|equipment|4,260|3,775|(8,035)|-|-|-|
|Computer equipment|9,600|:|-|(2,400)|.|7,200|
|Nourish|tablets|2,000|8,000|(1,637)|-|-|8,363|
|Stables|Flat|bathrooms|2,337|-|(2,337)|-|:|-|
|Merrivale computers|865|=|-|(135)|-|730|
|Gifted garden|centre|220|2,252|(220)|-|:|2,252|
|Abbotsford|Clients|-|400|(272)|-|-|128|
|Ipads|:|2,345|(2,345)|7|-|:|
|Hotbox growbox|-|872|-|(174)|-|698|
|Pinehaven improvements|.|5,000|-|(50)|-|4,950|
|620,044|24,144|(28,142)|(11,697)|(12,000)|$92,349|
|Unrestricted|funds|
|General|fund|1,754,687|3,171,272|(3,049,926)|-|(47,666)|1,828,367|
|Designated|funds|480,387|-|(42,621)|:|59,666|497,432|
|2,235,074|3,171,272|(3,092,547)|-|12,000|2,325,799|
|TOTAL FUNDS|2,855,118|3,195,416|(3,120,689)|(11,697)|12,060|2,918,148|
----- End of picture text -----
During the year there was a transfer made of £12,000 from the Capital Appeal to the General fund relating to donations which donors have kindly unrestricted.
29
THE STABLE FAMILY HOME TRUST Notes to the Financial Statements
For the year ended 31 March 2021
21. Analysis of net assets between funds
==> picture [447 x 111] intentionally omitted <==
----- Start of picture text -----
|||||||
|---|---|---|---|---|---|
|Net|
|current|
|Fixed|assets|assets|Total|
|£|£|£|
|Restricted|funds|608,356|37,330|645,686|
|Unrestricted|funds: general|reserve fund|1,187,798|713,588|1,901,386|
|Unrestricted|funds: designated|fund|473,796|319,633|793,429|
|Net assets as at the end of the year|2,269,950|1,070,551|3,340,501|
----- End of picture text -----
Comparative analysis of net assets between funds for the year ended 31 March 2020:
==> picture [447 x 114] intentionally omitted <==
----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|Net|
|current|
|Fixed|assets|assets|Total|
|£|£|£|
|Restricted|funds|574,244|18,105|592,349|
|Unrestricted funds:|general|reserve fund|1,236,659|591,708|1,828,367|
|Unrestricted|funds:|designated|fund|473,796|23,636|497,432|
|Net assets|as at 31 March 2020|2,284,699|633,449|2,918,148|
----- End of picture text -----
22. Related Party Disclosures
None of the trustees received any remuneration or expenses during the year.
The daughter of a trustee, Sue Pepper, received services totalling £54,474 (2020: £54,860) during the year. As at 31 March the Trust was owed £4,397 for March 2021 fees (2020: £9,495}.
The son of a trustee, John Mason, received services totalling £50,732 (2020: £56,283) during the year. As at 31 March the Trust was owed £4,450 for March 2021 fees (2020: £4,328).
The partner of the Chief Executive, Colin Waters, was employed by the Trust as a care worker, on the same terms as other employees in that position.
Amounts paid for Trustees indemnity insurance during the year amounted to £616 (2020: £616).
23. Status
The charity is limited by guarantee and has no share capital.
30