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 2023
Company no. 04421606 Charity number: 1093672
THE STABLE FAMILY HOME TRUST index to the Financial Statements
For the year ended 31 March 2023
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|Report of the Trustees|2|
|Report of the|Independent Auditors|8|
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|Balance Sheet|12|
|Statement|of Cash|Flows|13|
|Notes|to the|Financial Statements|14|
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THE STABLE FAMILY HOME TRUST Report of the Trustees
For the year ended 31 March 2023 es
REFERENCE AND ADMINISTRATIVE DETAILS
| Companynumber | 04421606 (England and Wales) |
|---|---|
| Charitynumber | 1093672 |
| Registered office | The Stables |
| Bisterne | |
| Ringwood | |
| Hampshire | |
| BH343BN | |
| Trustees | Simon Farrow(CompanySecretary) |
| MrsSusan Pepper- Resigned 2May2023 | |
| Clive Clifford - Resigned 29June2023 | |
| John Hatchard | |
| John Mason | |
| MrsAnne Rippon-Swaine - Resigned 29June 2023 | |
| Gemma Murphy | |
| Mrs Sue Perry(Chair) -Appointed 2 May2023 | |
| ChiefExecutive Officer | Colin Waters - Resigned 31August2023 |
| KeyManagement Personnel | |
| DirectorofOperations | Rachel Keeling - Resigned 8August2023 |
| HR Manager | Hannah Bichard |
| Finance Manager | Sam Atter |
| SeniorServiceManager | Joanna Gibbs |
| Volunteerand Housing Manager | Teresa Hunt |
| Head ofFundraising | Theresa Elliott |
| ServiceManager | Yasmin Spencer |
| ServiceManager | Mandy Harris |
| Service Manager | Ben Swan |
| Service Manager | JennyJones |
| ServiceManager | Susan Lewis |
| Bankers | NatWest pic |
| 2nd Floor, Heron House | |
| 10 Christchurch Road | |
| Bournemouth | |
| BH31 3NR | |
| Auditors | Fawcetts LLP |
| Chartered Accountants and StatutoryAuditors | |
| Windover House | |
| StAnn Street | |
| Salisbury | |
| SP12DR |
1
THE STABLE FAMILY HOME TRUST Report of the Trustees
For the year ended 31 March 2023
The Trustees present thelr report and the audited financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” in preparing the annual report and financial statements of the charity.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of ireland published in October 2019.
REFERENCE AND ADMINISTRATIVE INFORMATION
The legal and administrative information set out on page 1 forms part of this report.
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 charltable company and is governed under its Articles of Association.
The charity's head office 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.
Organisational structure
The Stable Family Home Trust Board of Trustees currently has five members who meet quarterly and are responsible for the strategic direction and policy of the Charity. Members of the Board come froma variety of professional backgrounds, all relevant to the work of the Charity. During the year there were two Trustees with a family member using the charity's services.
Day to day responsibility for the provision of services rests with Chief Executive, (CEO), and through them 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.
Ongolng 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.
Continued on page 3
2
THE STABLE FAMILY HOME TRUST Report of the Trustees
For the year ended 31 March 2023
Continued from page 2
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 with a senior manager in a way 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) tnspection Visits; Trustee visits to the homes and other services; the Director of Operations inspection visits; Reports to Trustees; regular contact with families; service user meetings; service reviews with Local Authorities and a comprehensive, accessible Complaints, Comments, Compliments & Concerns policy. 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 consultant. Jo Gibbs (Senior Manager or her cover) leads 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 Equal 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 has become 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.
Continued on page 4
3
For the year ended 31 March 2023
THE STABLE FAMILY HOME TRUST Report of the Trustees
Continued from page 3
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 Manager 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 disabllities 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 sixty 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 Emporium” in Southbourne, previously a bank, provides retail day employment opportunities as well as providing a presence in the community where most of our supported living clients live.
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
For the year ended 31 March 2023
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: believeWhat we 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 te 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 an our finances.
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, which include additional rooms at two homes and improvements to shared living spaces at another. During the year the Trust acquired a newly developed supported living house in Southbourne, financed by a bridging loan against the sale of the now vacant Pinehaven.
New Services in the year
The Trust took out a lease on an empty high street bank building in Southbourne in the year, with an option to buy, to provide Improved office space and a day service nearer to our supported living houses. It is hoped that fund raising will enable us to buy this building at a favourable price during the next financial year.
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5
For the year ended 31 March 2023 nettleferhetsibeanbateeieehdette erie ee Continued from page 5
THE STABLE FAMILY HOME TRUST
Report of the Trustees
Financial review
Donations andfundraising
The Trust was extremely grateful for all donations that were received during the year ended 31 March 2022. Details of these amounts are disclosed in note 3 of the accounts.
The Trustees greatly appreciate the participation and interest of all those organisations and individuals who supported the Trust throughout the year, but are particularly grateful for the gift of two supported living houses gifted to us in the year by the Ernest Gosling Foundation, that were previously rented from them.
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 £600,000 and £800,000 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 2023, the free reserves were £208,198 (2022 - £647,651). As a result of financial restraint in Local Authority funding and the lower rates paid for our services compared to increases in staff costs, there is continued pressure on reserves. The Trust aims ta always fund its core operations out of income, thus, leaving fundraising to provide extra quality of services.
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
The Trust believes it currently has the right number of homes but will continue to improve facilities as necessary and sell the now vacant Pinehaven. Day services will also be developed to meet the needs of users and commissioners at Bisterne, Highcliffe and Southbourne with a view to maintaining and then increasing numbers to their pre-Covid levels.
Fundraising and Marketing
The Charity had refocused Its Fundraising efforts for the financial year, concentrating on running costs 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 statf 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.
Continued on page 7
6
THE STABLE FAMILY HOME TRUST Report of the Trustees For the year ended 31 March 2023
Continued from page 6
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 perlod. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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" observe the methods and principles in the Charity SORP 2015 (FRS 102);
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= make judgements and estimates that are reasonable and prudent;
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state whether applicable UK accounting standards have been follawed, 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 disctose 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 irregularities.
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.
AUDITORS
The auditors, Fawcetts LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.
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Approved and authorised for issue by the Trustees on Aide Voverber 202
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SFarrow - Trustee
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7
Report of the Independent Auditors To the Members of
THE STABLE FAMILY HOME TRUST
Opinion
We have audited the financial staternents of The Stable Family Home Trust (the ‘charitable company’) for the year ended 31 March 2023 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:
-
give a true and fair view of the state of the charitable company’s affairs at 31 March 2023, and of Its Incoming resources and application of resources for the year then ended;
-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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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 concer 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 materlally 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
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 lega) requirements.
8
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:
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adequate accounting records have not been kept, or returns adequate for our audit have not been recelved from branches not visited by us; or
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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; ar - 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 glve 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 te continue as a going concern, disclosing, as applicable, matters related to going concern and using the gaing concern basis of accounting unless the Trustees elther 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 (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material If, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
identifying and assessing potential risks related to Inegularities
Irregularities, Including fraud, are non-compilance 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 following:
¢ the nature of the charity sector, contro! environment and financial performance;
- results of our enquiries of management about their own Identification and assessment of the risks of irregularities;
© any matters we identified having obtained and reviewed the charity's documentation of their policies and procedures relating to:
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Identifying, evaluating and complying with laws and regulations and whether they were aware of any Instances of non-compliance;
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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
© 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.
9
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:
e 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, elther 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 IImitations of an audit, there Is an unavoldable 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.
mon 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
Date:.....or!,... Monee eS
10
THE STABLE FAMILY HOME TRUST
Statement of Financial Activities
For the year ended 31 March 2023
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|---|---|---|---|---|---|---|---|
|Unrestricted|2023|2022|
|INCOME AND EXPENDITURE|General|Designated|Restricted|Total|Total|
|Note|£.|£|£|£|£|
|INCOME AND ENDOWMENTS|FROM:|
|Donations and|legacies|3|81,780|1,663,158|1,744,938|178,041|
|Charitable|activities|4|3,280,362|-|-|3,280,362|3,180,177|
|Other trading|activities|5|55,051|-|-|55,051|40,458|
|Investment|income|6|3,767|=|-|3,767|384|
|Other income|7|38,668|-|-|38,668|154,629|
|Total|income|3,459,628|=|1,663,158|5,122,786|3,553,689|
|EXPENDITURE|ON:|
|Raising funds|9|78,728|-|78,728|117,877|
|Charitable|activities|3,330,039|125,294|70,617|3,525,950|3,221,053|
|Total expenditure|8|3,408,767|125,294|70,617|3,604,678|3,338,930|
|NET (EXPENDITURE)/INCOME|50,861|(125,294)|1,592,541|1,518,108|214,759|
|Transfers between funds|295,057|(292,090)|(2,967)|-|-|
|Net movements in funds|345,918|(417,384)|1,589,574|1,518,108|214,759|
|RECONCILIATION|OF FUNDS|
|Total funds|brought forward|2,338,099|526,233|690,928|3,555,260|3,340,501|
|TOTAL FUNDS CARRIED FORWARD|2,684,017|108,849|2,280,502|5,073,368|3,555,260|
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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
14
THE STABLE FAMILY HOME TRUST Balance Sheet
As at 31 March 2023
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||||||||
|---|---|---|---|---|---|---|
|2023|2022|
|Note|£|£|
|Fixed|assets|
|Tangible fixed|assets|16|4,727,856|2,315,025|
|Current|assets|
|Stock|17|835|1,229|
|Debtors|18|302,369|331,287|
|Assets|held|for|sale|19|225,137|-|
|Cash at bank and|in|hand|601,753|1,115,099|
|1,130,094|1,447,615|
|Creditors: amounts due within one year|20|784,582|_|207,380|
|Net current|assets|345,512|1,240,235|
|Total|assets|less current|liabilities|5,073,368|3,555,260|
|NET ASSETS|5,073,368|3,555,260|
|Funds|
|Restricted|funds|21|2,280,502|690,928|
|Unrestricted|funds:|22|
|General|reserve fund|2,684,017|2,338,099|
|Designated fund|108,849|526,233|
|TOTAL FUNDS|22|5,073,368|3,555,260|
|The financial statements were approved and authorised for issue by the Board of|Trustees on|1|5,|Nevember-|LY¢|
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and were signed on its behalf by:
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0). ' ;
S Farrow -Trustee
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12
THE STABLE FAMILY HOME TRUST Statement of Cash Flows
For the year ended 31 March 2023
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Note | £ | £ | |||
| CASHFLOWSFROM OPERATING ACTIVITIES: | |||||
| Netcash provided by/(used in) operatingactivities | a | 26,057 | 333,071 | ||
| Cashflowsfrom investing activities: | |||||
| Purchase of tangiblefixedassets | (2,808,170) | (138,377) | |||
| Valuation ofdonated houses | 1,565,000 | - | |||
| Proceedson sale oftangible flxed assets | = | 2 | |||
| Interest receivable | 3,767 | 384 | |||
| Netcash provided by/(used in) investingactivities | (1,239,403) | (137,993) | |||
| Cashflowsfromfinancing activities: | |||||
| Loan received inyear | 700,000 | - | |||
| Netcash usedinfinancing activities | 700,000 | - | |||
| CHANGEINCASHANDCASHEQUIVALENTSFORTHE YEAR | (513,346) | 195,078 | |||
| Cashand cash equivalentsbroughtforward | 1,115,099 | 920,021 | |||
| CASHANDCASH EQUIVALENTS CARRIEDFORWARD | |||||
| AT31 | 31MARCH | b | a | 601,753 | 1,115,099 — |
| a} | Reconciliation ofnetIncome/(expenditure) tonetcashflow | flowfromoperating | operatingactivities | ||
| 2023 | 2022 | ||||
| £ | £ | ||||
| Netincome/(expenditure) fortheyearasper the | |||||
| StatementofFinancial Activities | 1,518,108 | 214,759 | |||
| Adjusted for: | |||||
| Noncash donations | (1,565,000) | = | |||
| Depreciation | 103,174 | 93,302 | |||
| Losson disposals | 67,028 | - | |||
| Interest receivable | (3,767) | (384) | |||
| Decrease instocks | 394 | 531 | |||
| (Increase)/decrease in debtors | 28,918 | (76,267) | |||
| Increase/{decrease) in creditors | (122,798) | 101,130 | |||
| Netcash (used in)/provided byoperating activities | 26,057 | 333,071 | |||
| b) | Analysis ofcashand cashequivalents | ||||
| 2023 | 2022 | ||||
| £ | £ | ||||
| Cash at bank and in hand | 601,753 ——————— |
1,115,099 —— |
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 2023
1. Accounting policies
Asummary 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 2023
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 5 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. Included within Freehold property is the Freehold land cost, the value of the land has been estimated and the value of the land has not been depreciated.
- 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 ona 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 2023
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 Financlal 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 foans which are subsequently measured at amortised cost using the effective interest method.
1.15 Trade debtors
Trade debtors are carried at original net invoice amaunt 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 2023
2. Statement of financial activities - comparative balances
==> picture [424 x 492] intentionally omitted <==
----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|Unrestricted|2022|
|INCOME AND EXPENDITURE|General|Designated|Restricted|Total|
|£|£|£|£|
|INCOME AND ENDOWMENTS FROM:|
|Donations|and|legacies|93,798|84,243|178,041|
|Charitable|activities|3,180,177|-|-|3,180,177|
|Other trading|activities|40,458|-|-|40,458|
|Investment income|384|-|-|384|
|Other income|3,762|-|150,867|154,629|
|Total|income|3,318,579|-|235,110|3,553,689|
|EXPENDITURE|ON:|
|Raising funds|117,877|.|117,877|
|Charitable|activities|2,971,039|60,026|189,988|3,221,053|
|Total expenditure|3,088,916|60,026|189,988|3,338,930|
|NET (EXPENDITURE)/INCOME|229,663|(60,026)|45,122|214,759|
|Transfers|between|funds|207,050|(207,170)|120|.|
|Net movements|In funds|436,713|(267,196)|45,242|214,759|
|RECONCILIATION|OF|FUNDS|
|Total funds|brought forward|1,901,386|793,429|645,686|3,340,501|
|TOTAL FUNDS CARRIED FORWARD|2,338,099|526,233|690,928|3,555,260|
----- End of picture text -----
17
THE STABLE FAMILY HOME TRUST
Notes to the Financiat Statements
- Donations and Legacies
For the year ended 31 March 2023
==> picture [472 x 613] intentionally omitted <==
----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|Total|Total|
|Unrestricted|Restricted|2023|2022|
|£|£|£|£|
|Donations|in kind - Bisterne Estate|20,000|-|20,000|20,000|
|Edward|Gostling Foundation|-|1,570,000|1,570,000|=|
|Richard Davies Charitable Foundation|2,000|:|2,000|2,000|
|Screwfix|-|3,600|3,600|“|
|Loseley Christian|-|5,000|5,000|-|
|Macfalanes|Ollver|Ford|-|-|-|10,000|
|The Hastuck Charitable Trust|2,000|-|2,000|-|
|Hall Charitable Trust|1,000|-|1,000|1,000|
|Lodge of Unity|rs|>|+|500|
|The Webb Family Trust|2,000|-|2,000|-|
|Ringwood Town|Council Jubitee|510|>|510|-|
|T Pepper|-|70|70|“|
|B Gasnove|-|1,000|1,000|-|
|GHMills|-|-|-|1,250|
|Talbot Village Trust|-|29,473|29,473|-|
|Elizabeth|Lodge|500|-|500|500|
|Elanse Cleaning|800|-|800|-|
|James Hambro Charitable Trust|2,000|-|2,000|-|
|Masonic Charitable|1,000|=|1,000|500|
|John Lewis|1,000|~|1,000|-|
|Ringwood|Carnival|~|-|-|500|
|B & Q Foundation|-|5,000|5,000|5,000|
|The|Colefax Charitable|Trust|2,000|-|2,000|2,000|
|Charities Trust Nationwide|7,094|3,774|10,868|9,450|
|The Fineman Trust|-|-|=|1,598|
|AFC Bournemouth|-|-|=|9390|
|Misselbrook Trust|-|-|:|2,000|
|Anonymous|5,000|-|5,000|-|
|Co-op|-|1,828|1,828|-|
|Mark Thristlewayte|-|-|-|500|
|Gardening with|Disabilities Trust|-|-|-|1,061|
|The Madison|Foundation|-|-|.|1,000|
|The Leonard|Laity Stoate|-|-|-|1,200|
|Ludlow Trust|-|-|-|1,000|
|8M De|L Cazenove|-|-|-|1,000|
|Dischma|Charitable Trust|:|-|-|2,000|
|The|Hospital Saturday Fund|-|2,000|2,000|2,000|
|J Simms|-|-|=|525|
|The Valentine|Charitable Trust|10,000|-|10,000|-|
|Bally Thomas Trust|-|10,000|10,000|-|
|The Geoff & Flona Squire|Foundation|-|24,333|24,333|33,667|
|TH|Russell Trust|-|-|-|9,000|
|TheY|Flux Charitable Trust|-|-|-|500|
|Forelle Estate|-|1,000|1,000|1,000|
|Strickland|Classic|Cars|-|.|-|500|
|O'Sullivan|Family Trust|-|3,000|3,000|5,000|
|The|Helianthus Charitable|Trust|-|-|-|500|
|The|Alice|Ellen Cooper-Dean Charitable Foundation|15,000|-|15,000|10,000|
|The Vec Acorn Trust|500|-|500|500|
|Sherborne Abbey|-|-|-|800|
|3 & M Family Foundation|-|2,000|2,000|2,500|
|Cadogan|Charity|-|-|-|5,000|
|Collection|Boxes|~|-|-|236|
|Various Sponsorship|Events|-|.|-|26,325|
|Donations|under £500 per donor|9,376|1,080|10,456|14,939|
|Totals as per SOFA|81,780|1,663,158|1,744,938|178,041|
----- End of picture text -----
18
THE STABLE FAMILY HOME TRUST Notes to the Financial Statements
For the year ended 31 March 2023
For the year ended 31 March 2022 donations and legacies are analysed between funds as follows:
| Total | |||
|---|---|---|---|
| Unrestricted | Restricted | 2022 | |
| £ | £ | £ | |
| Donationsinkind -BisterneEstate | 20,000 | - | 20,000 |
| Richard DaviesCharitable Foundation | - | 2,000 | 2,000 |
| MacfalanesOtiverFord | - | 10,000 | 10,000 |
| HallCharitableTrust | 1,000 | - | 1,000 |
| LodgeofUnity | 500 | - | 500 |
| GH Mills | 1,250 | : | 1,250 |
| ElizabethLodge | 500 | - | 500 |
| MasonicCharitable | 500 | - | 500 |
| Ringwood Carnival | - | 500 | 500 |
| 8&QFoundation | - | 5,000 | 5,000 |
| TheColefaxCharitable Trust | 2,000 | - | 2,000 |
| CharitiesTrust Nationwide | - | 9,450 | 9,450 |
| The FinemanTrust | - | 1,598 | 1,598 |
| AFCBournemouth | - | 990 | 990 |
| MisselbrookTrust | - | 2,000 | 2,006 |
| MarkThristlewayte | 500 | - | 500 |
| Gardeningwith Disabilities Trust | - | 1,061 | 1,061 |
| TheMadison Foundation | 1,000 | - | 1,000 |
| The Leonard LaityStoate | 1,200 | - | 1,200 |
| LudiowTrust | 1,000 | - | 1,000 |
| 8M DeLCazenove | 1,000 | - | 1,000 |
| Dischma CharitableTrust | 2,000 | > | 2,000 |
| TheHospitalSaturday Fund | - | 2,000 | 2,000 |
| JSimms | 525 | - | 525 |
| TheGeoff&FionaSquireFoundation | - | 33,667 | 33,667 |
| TH RussellTrust | - | 9,000 | 9,000 |
| TheYFluxCharitableTrust | 500 | - | 500 |
| ForelleEstate | 1,000 | - | 1,000 |
| Strickland ClassicCars | 500 | - | 500 |
| O'Sullivan FamilyTrust | 5,000 | - | 5,000 |
| TheHelianthusCharitable Trust | 500 | - | 500 |
| TheAltceEllenCooper-Dean Charitable Foundation | 10,000 | - | 10,000 |
| TheVecAcomTrust | 500 | - | 500 |
| SherbormeAbbey | 800 | - | 800 |
| J&M FamilyFoundation | 1,000 | i,500 | 2,500 |
| CadoganCharity | 5,000 | : | 5,000 |
| Collection Boxes | 236 | - | 236 |
| Various Sponsorship Events | 26,325 | - | 26,325 |
| Donationsunder£500perdonor | 9,462 | 5,477 | 14,939 |
| 93,798 _———— |
84,243 —————————— |
178,041 = |
19
THE STABLE FAMILY HOME TRUST Notes to the Financial Statements
- Income from Charitable Activities
For the year ended 31 March 2023
| Income fromfrom Charitable ActivitiesActivities | |||
|---|---|---|---|
| 2023 | 2022 | ||
| Activity | £ | £ | |
| LocalAuthorities/ParentsFees | IncomingResources | 2,721,388 | 2,650,324 |
| Propertyrentalincome | IncomingResources | 558,974 | 529,853 |
| PropertyRentalIncome | oeEEE | et180,177 —————S—=—=_== |
Property Rental Income
The charity has property rental income with respect to the following properties Kings Park, Pinehaven, Abbotsford, Hayes Avenue, Watersreach, Merrivale and Belle Vue Road. There is currently no minimum income as it depends on the occupancy and as a result we are unable to state future income,
- Other trading activities
| 5. | Other tradingtrading activities | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Unrestricted | |||||||
| Activitiesforgeneratingfunds: | funds | funds | ||||||
| 2023 | 2022 | |||||||
| £ | £ | |||||||
| Summersoul | - | 4,675 | ||||||
| Holidayhome lettings | 3,982 | 15,242 | ||||||
| Giftedsales | 13,690 | 21,342 | ||||||
| Aspiresales | 319 | 232 | ||||||
| Give asyou live | 3,801 | - | ||||||
| Fundraising events | 32,824 | - | ||||||
| Otheractivities | 435 | 8,967 | ||||||
| 55,051 —S—————_ |
40,458 Se __ |
|||||||
| 6. | InvestmentIncome | |||||||
| 2023 | 2022 | |||||||
| £ | £ | |||||||
| Interest receivable | 3,767 | 384 | ||||||
| —————S | ||||||||
| 7. | Other income | |||||||
| 2023 | 2022 | |||||||
| £ | Ee | |||||||
| GiftAid | 1,069 | 1,261 | ||||||
| DayServiceLossofIncomepayments | s | 2,501 | ||||||
| LocalAuthorityCovidGrants -Restricted | : | 150,867 | ||||||
| Loca!AuthorityCovidGrants-Unrestricted | 16,800 | |||||||
| Maintenance contribrutions Miscellaneous |
8,200 12,599 |
- - |
||||||
| 38,668 SS |
154,629 ——————— |
|||||||
| 8. | Expenditure | |||||||
| Other | Total | Total | ||||||
| Staffcosts | Costs | Depreciation | 2023 | 2022 | ||||
| Note | £ | £ | £ | £ | £ | |||
| Ralsingfunds | ||||||||
| Generatingvoluntaryincome | 9 | 57,860 | 20,868 | - | 78,728 | 117,877 | ||
| Charitable activities | ||||||||
| DirectcostsoftheCharity | 10 | 2,533,461 | 847,298 | 103,174 | 3,483,933 | 3,186,024 | ||
| Supportcosts | 11 | - | 42,017 | - | 42,017 | 35,029 | ||
| 2,533,461 | 889,315 | 103,174 | 3,525,950 | 3,221,053 | ||||
| 2,591,321 ———————____—_—= |
910,183 ——SS_ |
103,174 aS—S====>= |
3,604,678 ——————— |
3,338,930 —— SS |
20
THE STABLE FAMILY HOME TRUST Notes to the Financial Statements
- ——Raising Funds
For the year ended 31 March 2023
| Othertradingactivities | 2023 | 2022 |
|---|---|---|
| £ | £ | |
| Staffcosts | 57,860 | 91,977 |
| Otherexpenses | 15,878 | 15,618 |
| Giftedexpenses | 4,640 | 5,282 |
| Eventexpenses | 350 | 5,000 |
| 78,728 | 117,877 |
For the year ended 31 March 2023 expenditure on ralsing funds was all unrestricted fund expenditure.
- Olrect costs of the Charity
| Olrect costs of the Charitycosts of the Charityof the Charitythe CharityCharity | |||||
|---|---|---|---|---|---|
| Total | Total | ||||
| Unrestricted | Designated | Restricted | 2023 | 2022 | |
| E | £ | £ | £ | £ | |
| Wages | 2,267,211 | - | 2,267,211 | 2,073,363 | |
| Socialsecurity | 199,671 | - | - | 199,671 | 180,716 |
| Pensions | 66,579 | - | € | 66,579 | 65,740 |
| Rent, ratesandwater | 135,148 | - | - | 135,148 | 135,814 |
| Insurance | 75,188 | - | 3,880 | 79,068 | 70,088 |
| Lightand heat | 61,581 | . | - | 61,581 | 48,352 |
| Telephone | 16,831 | . | 714 | 17,545 | 16,587 |
| Healthscheme | 18,058 | - | - | 18,058 | 18,511 |
| Supported living running costsand sundries | 43,743 | - | - | 43,743 | 49,174 |
| Qualityassurance expenses | 3,390 | - | - | 3,390 | 3,300 |
| Tralning Travel |
16,945 28,978 |
- - |
- : |
16,945 28,978 |
6,785 23,055 |
| Repairs&renewals Administration |
37,600 4,094 |
58,722 - |
3,150 979 |
99,472 5,073 |
60,301 7,438 |
| Clientactivities | 5,024 | = | 6,620 | 11,644 | 14,973 |
| Household runningexpenses | 22,473 | - | 2 | 22,473 | 10,568 |
| Foodexpenses | 10,770 | - | - | 10,770 | 6,388 |
| Garden | 1,693 | - | - | 1,693 | 1,704 |
| IT Recruitment Nourishexpenses |
56,632 13,583 3,123 |
= - - |
4,291 . 9,884 |
60,923 13,583 13,007 |
43,963 10,264 10,855 |
| Officecosts/administration | 17,762 | . | - | 17,762 | 16,299 |
| StaffChristmas party | 3,007 | - | - | 3,007 | 2,547 |
| Meetingandtrainingrefreshments | 690 | - | - | 690 | 564 |
| Bankcharges | 1,743 | - | 137 | 1,880 | 1,633 |
| Loan interest | 10,570 | 19,710 | - | 30,280 | - |
| Consultancyfees | 14,224 | = | * | 14,224 | 15,888 |
| Equipmenthire | 14,388 | - | - | 14,388 | 16,601 |
| Childcarevouchers | 207 | - | . | 207 | 331 |
| Depreciation | 64,280 | - | 38,894 | 103,174 | 93,302 |
| Lossondiposaloffixedassets | 66,277 | - | 751 | 67,028 | - |
| Watersreach maintenance | - | 14,339 | - | 14,339 | 11,075 |
| BelleVueCrescentmaintenance | - | 10,889 | - | 10,889 | 4,688 |
| Merrivalemaintenance | - | 12,354 | - | 12,354 | 5,518 |
| 169BelleVueRoad maintenance | - | 5,822 | - | 5,822 | = |
| Gifted Café expenses | - | - | 1,317 | 1,317 | - |
| Expenses relatingtotheCovid-19 Pandemic | - | - | - | - | 155,729 |
| Holidayhome expenses | 10,017 | - | - | 10,017 | 3,910 |
| 3,291,480 | 121,836 | 70,617 | 3,483,933 | 3,186,024 |
21
THE STABLE FAMILY HOME TRUST Notes to the Financial Statements
For the year ended 31 March 2023
For the year ended 31 March 2022 charitable activities costs are analysed between funds as follows:
| Total | |||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | = Designated | Restricted | 2021 | ||||
| £ | £ | £ | £ | ||||
| Wages | 2,073,363 | - | 2,073,363 | ||||
| Social security | 180,716 | - | . | 180,716 | |||
| Pensions | 65,740 | - | - | 65,740 | |||
| Otheroperating leases | 37,378 | - | - | 37,378 | |||
| Rent, ratesandwater | $8,436 | : | - | 98,436 | |||
| Insurance | 70,088 | - | - | 70,088 | |||
| Lightand heat | 48,352 | - | - | 48,352 | |||
| Telephone | 16,587 | - | - | 16,587 | |||
| Healthscheme | 18,511 | - | + | 18,511 | |||
| Supported living runningcostsandsundries | 49,174 | - | o | 49,174 | |||
| Qualityassuranceexpenses | 3,300 | - | - | 3,300 | |||
| Training | 6,785 | - | - | 6,785 | |||
| Travel | 23,055 | - | - | 23,055 | |||
| Repairs&renewals Administration |
14,206 4,797 |
7,350 2,641 |
38,745 - |
60,301 7,438 |
|||
| Client activities | 8,217 | 6,756 | - | 14,973 | |||
| Household runningexpenses | 10,568 | - | - | 10,568 | |||
| Foodexpenses | 6,388 | - | - | 6,388 | |||
| Garden | 1,704 | - | - | 1,704 | |||
| iT | 43,963 | - | - | 43,963 | |||
| Recruitment | 10,264 | . | - | 10,264 | |||
| Nourlsh/Webrosterexpenses | 10,855 | - | - | 10,855 | |||
| Officecasts/administration StaffChristmasparty |
16,299 2,547 |
- - |
- = |
16,299 2,547 |
|||
| Meetingand trainingrefreshments | 564 | - | - | 564 | |||
| Bankcharges | 1,633 | - | - | 1,633 | |||
| Consultancyfees Equipmenthire |
15,888 16,601 |
- - |
- - |
15,888 16,601 |
|||
| Childcarevouchers | 331 | - | - | 331 | |||
| Depreciation | 75,790 | 17,512 | - | 93,302 | |||
| Watersreach maintenance | - | - | 11,075 | 11,075 | |||
| BelleVueCrescentmaintenance | - | - | 4,688 | 4,688 | |||
| Merrivalemaintenance | - | - | 5,518 | 5,518 | |||
| €xpenses relatingtotheCovid-19Pandemic Holidayhomeexpenses |
- 3,910 |
155,729 - |
- . |
155,729 3,910 |
|||
| 2,936,010 ————_ |
189,988 ——EE |
60,026 ———— |
3,186,024 S—————_ |
||||
| 11. | Support costs | ||||||
| Totai | Total | ||||||
| Unrestricted | Designated | Restricted | 2023 | 2022 | |||
| £ | £ | £ | £ | £ | |||
| Auditor'sremuneration | 8,150 | - | - | 8,150 | 7,750 | ||
| Legal andprofessional fees | 29,569 | 3,458 | - | 33,027 | 26,439 | ||
| Trustees’ Indemnityinsurance | 840 | - | - | 840 | 840 | ||
| 38,559 a’ |
3,458 SSS |
- eS |
42,017 SSS |
35,029 = S————— |
22
THE STABLE FAMILY HOME TRUST Notes to the Financial Statements
For the year ended 31 March 2023
12. Net tncome/{expenditure)
Net Income/(expenditure) Is stated after charging/{crediting):
==> picture [65 x 29] intentionally omitted <==
----- Start of picture text -----
Auditars' remuneration
Depreciation
Other operating leases
----- End of picture text -----
==> picture [77 x 45] intentionally omitted <==
----- Start of picture text -----
2023 2022
£ £
8,150 7,750
103,174 93,302
107,371 4278
----- End of picture text -----
13. Trustees’ remuneration and benefits
There were no trustees’ remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.
Trustees’ expenses
There were no trustees' expenses pald for the year ended 31 March 2023 nor for the year ended 341 March 2022.
- Staff costs
==> picture [360 x 240] intentionally omitted <==
----- Start of picture text -----
||||||||||
|---|---|---|---|---|---|---|---|---|
|2023|2022|
|£|£|
|Wages and salaries|2,325,071|2,165,340|
|Social|security costs|199,671|180,716|
|Other pensions costs|66,579|65,740|
|2,594,321|2.411.796|
|The average monthly number of|employees|during the year was as follows:|
|2023|2022|
|Residential|homes|8|8|
|Day service|15|4|
|Supported|living|63|78|
|Administration|13|13|
|Fundraising|a|
|— =103|—|117|
|The number|of emptoyees whose|employee|benefits|(excluding employer|pension|costs)|exceeded £60,000 was:|
|2023|2022|
|£60,000 - £70,000|1|-|
|£70,001|- £80,000|a|
|The key management|personnel|of|the|charity|are|fisted on page|1. The total amount of|the employee benefits (including|
|employer national Insurance|contributions)|received|by key management personnel for thelr services was £525,068 (2022:|
|£512,594).|in addition, employer's pension contributions|of £17,563 (2022: £16,107) were paid for|the|12 (2022:|12) employees.|
----- End of picture text -----
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 charity amounted to £65,651 (2022: £65,740).
Included within the wages and salaries costs were redundancy/termination payments totalling £2,000 (2022:£4,890).
23
THE STABLE FAMILY HOME TRUST Notes to the Financial Statements
For the ended 31 March 2023
15. Obligations under leasing agreements
The total future minimum payments due on leases expiring:
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Operating leases
2023 2022
£ £
Expiring:
Within one year 79,200 68,100
Within one to five years 240,266 99,400
More than five years - __ 56,700 _
313,466 224,200
16. Tangible fixed assets
Freehold Short Bullding Fixtures and Computer
property leasehoid improvements fittings equipment Total
£ E £ £ £ £
Cost
At 1 April 2022 1,813,769 920,226 429,358 446,274 61,479 3,671,606
Additions 2,571,905 134,651 80,575 9,027 12,012 2,608,170
Disposals (275,621) (99,381) - (9,229) (4,339) (388,570)
At 31 March 2023 4,110,053 955,496 510,433 446,072 69,152 6,091,206
Depreciation
At 1 April 2022 158,313 $26,233 16,456 306,847 48,732 1,356,581
Charge for the year 24,750 20,962 5,105 44,013 8,344 103,174
Eliminated on disposals (50,484) (32,906) - (9,229) (3,786) {36,405}
At 341 March 2023 132,575 814,289 21,561 341,631 53,290 1,363,350
Net book value
At 34 March 2023 3,977,474 141,207 488,872 104,441 15,862 4,727,856
At 31 March 2022 1,655,456 93,993 413,402 139,427 12,747 2,315,025
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Included in cost or valuation of land and buildings is freehold land of £805,560 (2022: £315,560) which is not depreciated.
All fixed assets are held for the direct furtherance of the charity's objects.
- Stock
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Stocks
18. Debtors
Trade debtors
Other debtors
Prepayments and accrued income
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2023 2022
£ £
835 1,229
2023 2022
£ £
277,974 266,250
8,346 6,157
16,049 58,880
302,369 331,287
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19, Assets held for sale
During the year a property was put up for sale by the Charity. The carrying value of the property has been transferred from fixed assets to assets held for sale. The proceeds recelved for the sale of the property Is expected to be in excess of the carrying value and therefore the carrying value transferred has not been written down.
- Creditors: amounts due within one year
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2023 2022
é £
Trade creditors 18,223 46,359
Soclal security and other taxes - 57,560
Bank loan (see note below) 700,000 -
Other creditors 3,176 10,925
Accrued expenses 63,183 92,536
784,582 207,380
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During the year a bridging loan was taken out to enable the purchase of a new home for use by the Charity. The loan is due for repayment in January 2024 and Is secured bya first charge over the freehold property of the Charity.
24
THE STABLE FAMILY HOME TRUST Notes to the Financial Statements
For the year ended 31 March 2023
- MOVEMENT IN FUNDS
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||||||||||
|---|---|---|---|---|---|---|---|---|
|Statement of funds|
|Balance at|Incoming|Outgoing|Transfers|Balance at|
|14.22|resources|resqurces|Depreciation|—to/{from)|313.23|
|£|£|£|£|£|£|
|Restricted funds:|
|Capital|Appeal-|Merrivale|505,769|.|:|(5,240)|“|500,529|
|Car Park & Garden Walls|978|-|-|-|-|978|
|Media Fund|Suite|325|-|(291)|(34)|=|4|
|New Forest Rotary Club|1,017|-|-|-|(1,017)|.|
|Abbotsford Refurbishment|10,736|:|-|(542)|-|10,194|
|Clock Tower|65|-|(65)|:|.|.|
|Computer Equipment|540|-|-|{256)|-|284|
|Merrivale Refurbishment|78,306|:|.|(2,528)|.|75,778|
|Computer Equipment|- Staff|2,400|-|-|{2,400)|-|-|
|Nourish Tablets|9,450|2,000|(9,884)|-|-|1,566|
|Merrivale Computers|460|-|(460)|-|-|.|
|Gifted Garden Centre|975|4,074|(965)|{103)|.|3,981|
|Hotbox Growbox|350|-|-|(174)|.|176|
|Pinehaven|Improvements|4,850|-|-|{50)|-|4,800|
|Client Christmas Party|53|:|(53)|-|.|:|
|Belle Vue Crescent|5,998|-|-|{2,001}|-|3,997|
|Isolation House|1,950|=|-|-|(1,950)|:|
|Client Activities|604|5,000|(1,388)|(106)|.|4,110|
|Hayes Sensory Equipment|666|:|-|-|-|666|
|Abbotsford|Decorating|1,070|70|-|.|-|1,140|
|Hayes Avenue Decorating|738|1,000|-|-|=|1,738|
|Client|IT Equipment|400|-|-|{100)|-|300|
|Kingspark|100|-|(100)|-|-|=|
|Merrivale Conservatory|21,205|29,474|-|(508)|-|50,171|
|Evolve|3,999|-|-|(1,001)|-|2,998|
|Outdoor Equipment|7,200|-|-|(1,800)|-|5,400|
|Go Karts|1,300|-|-|(298)|-|1,002|
|Gym Tin|5,018|=|{2,200}|=|+|2,818|
|Watersreach|Kitchen|18,417|=|~|(3,662)|-|14,755|
|Watersreach Bathroom|4,045|:|.|{813)|-|3,232|
|HCC Day Service Covid Grant|*|1,944|=|=|{648)|“|1,256|
|Core Running Costs|-|10,000|(10,000)|-|-|-|
|Laser Cutting Machine|-|2,000|-|(401)|>|1,599|
|Emporium|Furnishing|:|500|(469)|-|-|31|
|Capital Appeal -|The Bank|:|25,333|-|(137)|-|25,196|
|Hayes & BVC Homes|>|1,565,000|.|(15,650)|-|1,549,350|
|Gifted Café|-|1,819|(801)|=|-|1,018|
|Gifted Heaters|-|2388|-|-|-|288|
|Day|Service and Supported Living Equipment|-|5,000|(2,879)|(361)|=|1,760|
|Screwfix Storage Cupboards for Homes|-|3,600|(2,168)|-|-|1,432|
|BVC Bathroom|:|8,000|=|(81)|-|7,919|
|690,928|1,663,158|(31,723)|(38,894)|(2.967)|2,280,502|
|Unrestricted funds|
|General fund|2,338,099|3,459,628|(3,408,767)|-|295,057|2,684,017|
|Designated funds|526,233|=|(125,294)|-|(292,090)|108,849|
|2,864,332|3,459,628|(3,534,061)|+|2,967|2,792,866|
|TOTAL FUNDS|3,555,260|5,122,786|& 565,784)|(38 £94)|-|5,073,368|
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25
THE STABLE FAMILY HOME TRUST Notes to the Financial Statements For the yearended 31 March 2023
21, MOVEMENT IN FUNDS (continued)
During the year there were two transfers made from the following restricted funds, £1,017 from New Forest Rotary Club and £1,950 from Isolation House to the general fund as these funds have been spent In previous years but were Incorrectly disclosed through the general fund. During the year the trustees designated the following amounts for future projects, The Emporium £3,000 and The Bank Phase 1 & 2 £38,438.
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Restricted funds; these represent grants and donations received for specific purposes within each charitable activity. The purpose of the larger
grants/donatlons are detalled below:
Capital Appeal-Marrivele To purchase the Merrivale property
Car Park and Gorden Walls Repalrs and malntenance of car park and the garden walls.
Media Fund Suite The provision of IT equipment to enable learning and hobbies for peopte with learning disabilities,
New Forest Rotary Club To be usedfor the purchase of furnishings in supported llving accommodation.
Abbotsford refurbishment To refurbish Abbotsford home for first residents.
Clock Tower To assist with maintenance costs as they arise.
Computer Equipment Used for the purchase of computer equipment.
Merrivale Refurbishment To refurbish Merrivale home for first residents.
Computer Equipment - Staff To assist with purchase of new computersfor staff.
Nourish Tablets To assist with purchase of tablet computers for new Nourish system.
Merrivale Computer To purchase a computer for Merrivate residentsand 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.
CHent Christmas Party Activities for clients over Christmas
Balle Vue Crescent To refurbish Belle Vue home for the first clients to mave in
isolation House To assist with the purchase af goods for anyone who has to Isolate while having covid in a separate
home
Client Activities Purchasesof activities for day service
Hayes Sensory Equipment To assist with the purchase of sensory equipment for cllents in their own home
Abbotsford Decorating External decorating ofAbbotsford home
Hayes Avenue Decorating To be used to decorate the shared areas In the home
Ctlent IT Equipment To be used to purchase laptops for clients use
Kingspark To purchase activity equipment for the home
Merrivale Conservatory To extend and improve shared accommodation
Evolve To purchase and install a combi boiler
Outdoor Equipment Onsite fitness equipment
Go Karts To purchase outdoor activity equipment for day service
Gym Tin Online and face to face physical exercise classes for day service
Watersreach Kitchen To improve and update the shared kitchen
Wotersreach Bathroom To relocate and extend accommodation in the home
Core Running Casts To be spent on core running costs of the chairt such as monthly IT costs, staff salaries, equipment hire
Laser Cutting Machine To produce gifts and activities for the clients
Emporium Furnishing Fittingout the shop with fixtures to display stock and various stock items
Capital Appeal - The Bonk To renovate the bufiding and purchase at a later date
Hayes & BVC Homes Two supported tiving houses gifted to the trust
Gifted Cofé To set up a café at the garden centre
Gifted Heaters To purchase heaters to go over the doors
Day Service ond Supported Living Equipment Activity equipment for clients
Screwfix Storage Cupboards for Homes To purchase storage units for the homes
BVC Bathroom To install a new bathroom
° Funds above Covid-19 Related These grants are for dealing with the Covid-19 pandemic
Designated funds are held for the purpose of financing home improvemants and purchases as noted in the strategic report.
21. MOVEMENT IN FUNDS (continued)
Sinking funds
For each freehold property ownedby the Trust and for each of those leasehold properttes 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
£300.
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These amounts are held as a single fund within Designated Funds, to be allocated to specific projects as and when required.
26
THE STABLE FAMILY HOME TRUST Notesto the Financial Statements For the year ended 31 March 2023
23, Statement of funds (continued)
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||||||||||
|---|---|---|---|---|---|---|---|---|
|Comparative statement of funds for the year ended 31 March 2022:|
|Balance1421 at|resourcesIncoming|resourcesOutgoing|Depreciation|to/{from)Transfers|Balance313.22at|
|£|£|=|£|£|£|
|Restricted funds:|
|Capital Appeal - Merrivate|511,010|-|:|(5,241)|-|505,769|
|Car Park & Garden|Walls|978|-|4|ms|e|978|
|Day Service|167|-|(167)|-|.|-|
|Media Fund Suite|663|-|-|(338)|.|325|
|New Forest Rotary Club|1,017|-|-|-|-|1,017|
|Abbotsford|Refurbishment|11,278|-|-|(542)|-|10,736|
|Summer Fayre|2,380|-|-|-|(2,380}|-|
|Clock Tower|65|-|-|-|-|65|
|Computer Equipment|796|-|.|(256)|-|340|
|Merrivale Refurbishment|80,834|-|-|{2,528)|-|78,306|
|Computer Equipment|4,300|-|=|{2,400)|-|2,400|
|Nourish Tablets|641|11,450|(2,644)||=|9,450|
|Merrivale Computers|595|-|-|(135)|-|460|
|Gifted Garden Centre|2,252|1,061|(2,338)|:|-|975|
|Abbotsford Clents|128|-|(128)|.|e|:|
|Hothox Growbox|524|-|-|(174)|-|350|
|Pinehaven Improvements|4,900|-|-|(50)|-|4,850|
|Client Christmas Party|53|-|=|=|=|53|
|Belle Vue Crescent|7,999|-|~|(2,001)|-|§,998|
|Isolation House|1,950|-|.|-|.|1,950|
|Client Activities|1,015|5,550|(5,961)|-|:|604|
|Hayes Sensory Equipment|67|599|-|:|»|666|
|Abbotsford|Decorating|4,120|200|(3,250)|:|:|1,070|
|Hayes Avenue Decorating|-|-|(1,762)|:|2,500|738|
|Client IT Equipment|=|500|-|(100)|.|400|
|Kingspark|-|100|=|-|+|100|
|Merrivale Conservatory|-|21,205|:|-|.|21,205|
|Evolve|=|5,000|:|{1,001}|-|3,999|
|Outdoor Equipment|-|9,000|-|{1,800)|-|7,200|
|Go Karts|-|1,598|-|(298)|-|1,300|
|Gym Tin|:|5,518|(500)|-|.|5,018|
|Watersreach|Kitchen|-|18,417|-|-|-|18,417|
|Watersreach Bathroom|-|4,045|-|-|-|4,045|
|BCP Grant #|(1,904)|14,300|(12,396)||.|-|
|8CP Infection Contral|“|-|16,687|{16,687)|-|:|©|
|Covid Lottery Grant |905|-|(905)|:|:|-|
|BCP Workforce|#|{4,920)|8,796|(3,876)|.|-|$|
|Rapld Testing BCP |5,827|19,187|(24,714)|-|.|a|
|HCC Day Service|Covid Grant |5,586|1,700|(4,694)|(648)|-|1,944|
|HCC Support Testing |2,260|2,554|(4,814)|-|“|-|
|HCC Hygiene & Vital Signs|ae|5,000|(5,000)|-|s|-|
|BCP WRRF|:|55,206|(55,206)|:|:|.|
|BCP Testing Fund|-|12,682|(12,682)|-|Ss|=|
|HCC ICF Gov|=|7,276|{7,276)|°|s|2|
|Dorset ICG & LFD|-|6,000|(6,000)|+|+|.|
|Dorset|WRRF Staff|Bonus|s|1,500|(1,500)|2|-|-|
|HCC WARF|~|1,680|(1,680)|-|:|.|
|Unrestricted funds|
|General fund|1,901,386|3,318,579|{3,088,916}||207,050|2,338,099|
|Designated funds|793,429|=|(60,026)|=|(207,170)|526,233|
|2,694,815|3,318,579|(3,148,942)|=|(120)|2,864,332|
|TOTAL FUNDS|3,340|501|3,555,390|{3,323,119}|(27.512)|-|3,555,260|
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During the year there was a transfer made of £2,380 from the Summer Fayre to the general fund as these funds were incorrectly restricted. There was also a transfer made from the general fund to the Hayes Avenue Decorating restricted fund during the year of £2,500 as donations that were given were supposed to be restricted previously but the donor did not make this clear untit the current year.
During the year the trustees designated the following amounts for future projects, Future Building Projects £100,000, Abbotsford Hub £50,000, Pinehaven selling costs £32,000 and building costs to add additional bedrooms to Watersreach, Merrivale and Belle Vue Cresecent £15,000.
2
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THE STABLE FAMILY HOME TRUST
Notes to the Financial Statements
For tha year ended 31. March 2023
22. Anatyals of net assets between funds
Net
current
assets/
Fixed assets _(llabilities) Total
£ £ £
Restricted funds 2,252,037 28,465 2,280,502
Unrestricted funds: general reserve fund 2,475,819 208,198 2,684,017
Unrestricted funds: designated fund - 108,849 108,849
Net assets ac at the end of the year EES4,727,856 —=E—E345,512 . [EF] 5,073,368
Comparative analysis of net assets between funds for the year ended 31 March 2022:
Net
current
Fined assets assets Total
£ £ £
Restricted funds 624,577 66,351 690,928
Unrestricted funds: general reserve fund 1,680,448 647,651 2,338,089
Unrestricted funds: designated fund - 526,233 526,233
Net assetsas at 31 March 2022 2,315,025 —1240,235 3,555,260
23, Aetated Party Disdosures
None of the trustees recetved any remuneration or expenses during the year.
The daughter of a trustee, Sue Pepper, recelved services totalling £60,981 (2022: £55,594) during the year, As at 31 March the Trust was awed
£5,734 for March 2023 fees (2022: £4,138).
The son of a trustee, John Mason, received services totalllng £58,251 (2022: £52,793) during the year. As at 31 March the Trust was owed £5,201 for
March 2023 fees (2022: £3,749).
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 pald for Trustees Indemnity insurance during the year amounted to £840 (2022: £840).
24, Status
The charity Is limited by guarantee and has no share capital.
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28