Annual Report & Accounts 2023 - 2024 Stable Family HomeTrust Corn￿nY Mo. OL421806 1 Chaniy ￿JG?2 The Stable Family Home Trust Legal and Administrative details for the year ended 31 March 2024 Reference and Administrative Details coftwny numbor 044J6(IS IEWèndand WHI￿> C￿1￿Y nurnbwf i0936r2 The stAb&gS Ring￿D￿ HamF6hl 41 SIr￿n Farrcw [Com￿nys￿Erelatyj Mtssusan pepper- Resigned 2 May2023 CllvÈCliffDrd- ReSlgned29ju￿2O2S t)&wn Barker-Apwlnted X N¢wèmber2023 4ark DIxon.*p￿1Thtod IZ k4arch 2024 Johfi Hatch•rd john Mason r5Annt ￿ppon-￿Intr- RuignBd29Jun•2013 O•mma Muiphy-R•$￿ned2e F*bruèry2024 Mr55ue perrylchair)-Ap￿Tht•d z M*yZUU Chl•f E¥evAK*OM¢•r ColinWater5. R•5van•d￿￿vgU5I202J Jan•smith Dir￿tor0FopOF8t1oThS Hfi KeelirKd.Reggned8AvJ1*2023 H&nna* sbm Atter Manjwr Admin ManagEI SeniOrSer￿￿e MJn4wr WJlunrttrand Housing Mana9•r Head of Fundrablno S•Th￿r 5erviCè ServlcÈ Manè9er Sèrvlce Managwr se￿￿￿ Mèna9er SwDAcè Mènagwr 3tsann•Oibbs Terosa H￿nI Trrega Mliott Mèndy Aarrl Ya5fTun5p•nctr g•Th Swa J•nryJonqs Susan nk•r Natw•st plc 2ré Floor. Heron IOChiiStchurch Aoad ewrnemoutb ￿H￿3NR Audlto FwK@tts LLP charLe￿dACc0unthnts andStatutoryAuditDf4 VlirtdtrrtrHOLile StAnnStreer 5P1 2DR Stable Family Hom6Trust Annual Rèport 2023- 20241 Foreword from Sue Perry Chair of The Board hough I have en involved in the ble Family Home 5t as a volunteer a numberof We have @xciting plans for the future years, l only became including an imminent re-brandirng of the rustee for the Charity and a signif icant moderni5ation arity in May 2023 and refurbishment of the Stables building, which time I was the birthplace of the Charity and home to th proud ancl one ofour Day Service centres, As with the Privileged to take ori the role of Chair. Visions and Values, these projects, initiated by Jane, have undergone consultation The last 18 months has seen a number of with all of our stakeholders., service users. signif icant changes within the organisation, parents and guardians and staff, all of but thefundamental purpose of the Charity whom have expressed excitement about and the work undertaken on its behalf by the changes to come. its staff remains unchanged and that is to provide our clients with the best possible support and care dependent upon their individual needs. new Vision and Values which clearly reflects truly indebted to them for their gift of such tho purpose of the organisation and our valuable assets. objectives for our clients. We a150 extend our grateful thank5 to The Community Ownership Levelling Up Fund, The Bradbury Foundation,Thè J & M Family Foundation, The Bernard Sunley Foundation, The Geoff & Fiona Squire Foundation. TheAlice Cooper- Dean Charitable Foundation.The Webb Family Foundation. Mrs Yvonne Flux Charitable Foundation and Tho Oliver Ford Foundation for providing the funding to enable theTrust to purchase 53-55 Southbourne Grove, where we run our retail outlet Emporiury)@SS. c&p SEP The Charitywould not be able to function as it does without rhe suppori of our donor5. The Board would like to thank each and every donor and Supporter for the incredible donations mado during the last year., this includes charitable trusts that have supported the Stable Family Home Trust. as well as companies and indwiduals who have provided services at low or no charge and volunteers who give their Since January 2024. under the leadership time and skills to help us. We would like of our new Chief Executive Off icer, Jane to specif ically thank The Edward Gostling Smith,the Charity has moved forward in Foundation for their incredibly generous leaps and bounds. With input from our gift, ir) the 2022-2S f ir)ancial year, of the service users, their parents and guardians two properties that they owned within our and all Staff, Jane has authored the Charity's Supported Living property portfolio. We are I would also like to express my thanks to the Trustees for giving their time and their expertise and support to both the Charity and me over the last18 months. On behalf of the Board, I would like to thank our amazing staff who continued to plovide support, care and kindnessto our clients throughout the changes that occurred in 2023. We are currentlyworking on the Charity'5 Three Year Business Plan in conjunction with Jane and we are all lookir)g forward to some exciting projects and opportunities ahead. Sue Perry Chair of Tiustees Stable Fam1￿ Home Trust Annual Report Z023- ￿2413 Welcome from the Chief Executive Jane E Smith l joined The Stable main day service site. and the facilities Family Home Trust include a pottery. a woodworking studio in January2024 and a Music and Drama Studio. along with following a turbulent our beautiful gardens. and investing in this period that saw will be a key focus in the coming year. the departure The f inancial pressures that the Tf Ust is of several key facing in terms of the continuing cost of members of the living crisis, local authority spending cuts Senior Leadership and the challenges related to achieving Team, including pay increases for our staff team are unlikely the Chief Executive, to change in the immediate futurè so we changes to the Board ofTru5tees and know that the coming yearwill be tough f inancial pressure& An interim Chief and we need to ensure that we manage Executive was appointed ft)r six months growth in line with sustaining our to steer the Trust through thi5 unsettling f inancial viability. period until I wa5 appointed. the heart of all of our work. l am extremely proud of all that they have achieved in the last year, despite the organisational disruption they have experienced, and l am excited and inspired by their ernthusiasm, their willingness to embrace new ideas and their never-ending dedication to enriching the lives of our service users at every opportunity. I hope this Annual Report gives you an insight into the journey that the Trust has been on in the lastyear, and where we are heading in the nextyear. Relying on local authority funding for our long-term sustainability is risky and we need to f ind alternative stream5 of income to ensure the Trust can continue to provide its much needed services, and investing in opportunities that enable the Trust to become more self-suff icient at income generation is one of our key strategi objectives for the future. Myfirst few months in post were interesting and exciting but not without challengesl However between January and March we made significant progress with our plans to grow the core work ofthe Trust and provide an exciting range of new opportunities that will enrich the lives of our service users and support them to live rewarding and fulf illing lives within their communities, as independently as they can. We have arn amazing staff team here at the Trust and their continuing commitmer)t to delivering excellent services that are focused on the people we support is at Jane E Smith Chief Executive We have some fantastic facilities at The Stables, which is our head off ice and our stable Farni￿ Home Trust Annual Report 2023- 2024 14 Report of the Trustees including Strategic Report Our Story This Year Mission Statement Our Values: People are the foundation of our Society and wè believe that èveryone has a role to play in its success and our commitment is to support people with learning disabilities to be wognised for their contribution. Choice Giving everyone the Information they need to make good choi Vision Our vision is a world where people with a learning disability have the same right5 as everyone else, havè access to the same opportunities as everyone else and receive the support they need. in the way they need it, so that they can live happy, healthy, productive lives as independently a5 they can. Collaboration With our communitie5 to increase participation and achievement. Respect We believe that every person who uses our services should be supported to achieve their ambition5 in a way that celebrates their individuality and uniqueness. Our person- centred approach is inclusive of all and gives our setvice users the skills and conf idence to be ambitlOU5 and participate in new opportunities that broadèn and ènhance their lives. An environment where everyone is seen, heard and valued. Safety Safe services run by safè people in an IX environment where everyong is able to speak out without fear. Our core values and shared objectives arg rooted in our belief that every person we support is a valuable member of our society and are equal to everyone else within it. Trust Embracing accountability. honesty and openness at every level across the organisat50n. Stable Family Home Trust Annual Report2023- 2024 15 Our Impact Day opporunities: 80 service users Residential living: 8 service users Supported living: Our throg Sgrvice dèlivery areas are day opportunltie4 r￿Idential Ilvlng and supported livlng. 146 people use these seNi¢es 45 service users oooo We havg one volunteer. Pete Thompson, who has been volunteering for at least￿ days each week for over Ioyears now. and he supports service user5 Eo participats In activttles off slt< Ineludlng cycling swimming and walking. Pete ha5 volunteered 700 hours in the lasty8ar. Number of volunteer hours to support on site sessions.. Number of support hours delivered: Number of volunteer hours (specific pl0j￿￿).' 85,000 1,440 lèpproK. r20 hour5peT monthl 96 staff members Number of day opportunities sessions on site:1,614, with 6-12 people attending each session Stable Famity Home Trust Annual Fleport 20￿- 2024 | 6 Physical Health Public Héalth England sa As a result of participating in our programme of physlcal actwtty and healthy eatlng, we have supFbas8d activitie5 for our service user The Stablos is where the charity started original￿ and offers a wide range of activities similarto those offgred at our other sltes but The Stables benefltsfrom its own Pottery Studio, a very impressive Woodwork Studlo with a laser Cutter, and a Music & Dance Studio all of which arèvery popular with ourservlce users and in constant use. We also have a significant amount of land, with fabulous growing spaces wherè wefocus on teaching ourservice users horticultural sknlls and SUPFOrt them to grcw mar)y plants that we sell at Grfted. Ther8 are also extensive. beautiful garclens enabling our service users to partrcipate in a wide range of healthy outdoor activfcies and interact ￿th the natural W￿r1d. ¢J Ifi pret Our plans for 202¥2025 includ8 further investment in all three of our day seNice5 Site5 to ensure thty remain viablefor the long-term future and continue to offer a wide range of actlvitie5 and support for our current service user group and a new generatlon of servlce usets who are starring to access our servi stabLe Family Home TrustAnnual Réport 2023- 2024 1 n Residential Living & Supported Living Services Residential Living Service We have a CQC registered residential flat at The Stables that is home to eight of our service user5, who all have access to the day services programme and receive one to one support that enables them to participate in activities within the local community and activities that are particularly important tothem. Supported Living Services Wè run sevèn supported living homes in the Southboume area, which are home to 45 service user& The Trust owns five of these houses, with West Morelands Housing Association providing the housing management support to four, BeST Housing Association providing the housing managementsupporttoone, andtheTrust rnanaging one independentty. The Trust 81s0 owns another house in Southbouine, which is currently unoccupied. This property was used as the asset for a bridging loan that enabled the Trust to purchase the property it now Nns on 8ellevue Road, and the plan was that house would be sold to repay the bridging loan. Our new Chief Executive reVi￿ed thè proFerty in February and recommended that the house be retained and refurbished by the Tnjst to provide an additional 5UPPOrted living service for seven people. The bridging loan will be converted to a repayment mortgage during the f inancial year 2024- Stable Family Home Trust Annual Rerx)rt 2023. 2024 112 Residential Living & Supported Living Services Looking Forward to 2024-25 Growing our Day Services to provide a broader prtsgrammè of opp)rtunitiès for our service user5 is a key strategic objective and we have committed to signif icant investment in 202￿25 at The Stable5. our site in Bisterne, Ringwood where the chBrity was born over 40 years ago, to refurbish the main day Services buildin9, creating a warm and welcoming main entrance and reception area, ar)d provide more modern and defined spaces for our service users. as shown by the CGI images.. 5>55 Southbourne Grove, which the Trust purchased in March 2024, will be renamed The Bradbury Centre in April 2024tts recognise the significant f inancial contribution frorn The Bradbury Foundation. The Small shop that operates f rom the building will Still be known as Emporium(P5S. We plan to repurpose the building. retaining the retail element on a smaller scale and focusing on selling items handcrafted ty Dur service users and offering training and ski115 development in retail to support future èmployment opportunit1è5 for SeN1￿ users. The actwity space where our service users can participate in our creative programme will be increased and we are planning to develop a programme of ￿￿)rIshopS and social activities that members of the local community can participate in alongside our sèrvice users to SUPPOrt improved community integration and involvement. Stabk Family Home TrustAnnual ReFrf)rt 2023- 2024 113 ryi y Stable Family HomeTrust Annual Report 2023- 2024 114 Report of the Trustees Legal & Statutory Section for the year ending 31 March 2024 The Trustees present their report and the audited f inancial statements of the Charity for the year ended 31 March 2024. The trustees have adopteLI the provisions of the Statement of Recommended Practice ISORPI "Accounting and Reporting by Charitie5" in preparing thè annual report and f inancial statèmènts of the Charity. Charitable Objectives & Public Benef it Our Charitable Objectives are: The Trustees have a duty to report on the public benefit f rom the work of the charity and should demonstrate that: l. The provision of care, support and accommodation to adults with learning disabilities that facilitate independent living. The f inancial Statements have been prepared in accordance with thé accounting ￿liCIeS set out in the notes to the accounts and compty with the charitys governing document, the Charities Act 2011 and Accour)ting and Reporting by Charities.. Statement of Recommendèd Practices applicable to charities preparing their accounts in accordance with the Financial eporting Standard applicable in the UK and Republic of Irèland published in Octokr 2019. ?. To in¢rease the Skills, conf idence and self-esteem of adults with learning disabilities to enable them to live more fulf illing, independent lives. l. There is an identifiable benefit and; 3. To provide lèarning and development opportunitie5 that will support adults with learning to access future paid employment and other meaningful occupation. 2. The benefit is to the publ1¢ or a section of the public. Our Trustees conf irm that in the review of Its objectives. activities and Organisational Strategy, due regard has been given to Charity Commission guidance. All of oui work is undertaken with the sole aim of supporting our sèrvice users Ibenef iciariesl. and no private benef it is derived f rom the activities of the Charity by the Trustees or parrie5 related to them. Governance Structure 4. To support adults with learning disabilities to l@ad ordinary lives as valued citizen5 Wlthin their local communities. The Stablè Family Home Trust 15 a registered Charity and a Company Limited by Guarantee, incorporated respectively on 22nd Apri5 2002 and 3rd September 2002. The company was established under a MemoTrndum of Association which established the objects and powers of the charitablè company and is governed under its Article5 of Association. The Charity remainscommitted to establishing and maintaining strong community relations and active engagement with local communitie5 to mutual benefit. stable Family Home Trust Annual Report 2023- 20241 Is Board of Trustees Our Trustees have overall responsibility for the strategic direction, f inances and wlicy of the Charity, ensLJring that it is well-led, appropriately resourced and delivering against all Charitable objectives and strateglc aims and objectives. They are also resFdnsible for approving the policies and pr(*edures that govern the work of the Charity to ensure that all of the Charitys legal responsibilities in relation to Data Protection, Equality, Diversity & Inclusion. Health and Safety, Trecruitment and Safeguarding are met. Trustees normally serve for three years. Of the current Trustees, three have served for more than threeyear& One of these long- serving Truste￿ has an adult son who livès in our Supported Living Service, and he remain5 very committed to supporting thè TrusL The other two long.sèrving Trustees have keen interest in the work of the Trust and remain committed to supporting the ongoing development and grgwth ofthe Charity. Risk Management The &oard of Trustees Is Ultimate￿ responsible for risk management and take a proactive approach to identffying curient and potential riskq to ensure that there are effective systems and procedures in pla￿ to mitigate any potential harm to the Charity from these risks. Of coursè there are always unknown risks. those that cannot necessarily be plannèd for in ad￿nce becausè of the speed in which they The Soard of Trustees appoints the Chief sometimes (xcur, such as was witnessed during Executive, who is accountable to the Board for the Covid 19 panéèmic, however the approach the day to day delivery of the Charity's work, the taken by the Trustees is take a p051tive implementation of the Organisational Strategy approach to risk and be prepared to act quickly approved by the Board, the achievemerbt of to manage new. unplanned ft)r or unseen risk& targets identif led in the Charity's Business plan The Trustees also adopt a positive risk-taking and for ensuring that the Charity's policies and approach in relation to the development of the procedures are implemented and adhered to by Trust's work to ensure that our services continue the staff team. to evolve and growto meet the continuing and changing needs of OLJr service user In the current year we have had 10 Trustees from a range of backgrounds with experience, knowledge and skills relevant to the work of the Charity.They meet as a Board on a qL)arterly basis and also share the responsibilityfor the Property and Finance sub-committee& Trustees are regularly updated about the practical work cif the Charity by attending training workshops run by Heads of Service and servi￿ Manager They also receive reports relating to Complaints Health & Safety, Accident5, Incidents, Near Misse5. Medication Errors, Safeguarding and staff recruitment and retention, as well as updetes from all service& The Chief Executive, with support from the Sènior Leadership team, is reswnsible and accountable for ensuring that the Charity delivers the 5eNices specif led, that organisational target5 are met and that the staff team has the necessary r￿oUrceS skills and knowledge to deliver our services ￿fely. The Trustees keep and regularly review and update a Risk Flegister that identifies a wide range of risks and the impact these could have on the work of the Trust. FDr each risk identif led, the likelihood and the Smpact are scored. giving an overall risk score for which mitigation is identified. Those risks that still have a high scorè, despite any mitigatior), are reviewed at each 8oard mèeting to ensure that any action that can be tsken to further mitigate the risk is identified and undertaken. Shown next are the current identlf led highest risk5 to the Trust.. No Trustee has any f inancial interest in the Charity and none are remunerated, except for the reimbursemènt of what is considered to be reasonable and necessary expense5. Two Trustees have a family member currently using the chariws services. stable Family Home Trusr Annual Report 2023- 2024 116 Board of Trustees Key Risks Impact No increase or reduction in local authority fu nding streams for adult social care and supported living Potential reduction or closure of services Loss of key operational fracility or forced closure Signif icant loss of impact and potential damage to the Charity's reputation Insuff icient reseNes. cash-flow andlor investment management Inability to maintaln properties, pay staff and ensurethat services continue to be delivered Reserves Policy The Charity Commission regulates all charities in England and Wales, and expects Trustees to decide, publish, implement and monitor their charity's reserves policy to ensure they comply with their legal duties to: Act in the best interest of their charity and its benef iciaries Safeguard the assets of their charity Ensure their charity is accountable There is no set single level or a range of reserve5 that applies to all charities. The target set for the financial reserves the charity holds is Set by the Trustees, and is held to reflect the individual circumstances of their charity. ablo Famlly HomeTru Ffthal Report 20￿- ?(I24117 Board of Trustees The amount of reseNes that the Trustees have agreed is based on.. Quality & Compliance Monitoring The forecast for levels of expected income for thè year, and future year5, taking into account the reliability of each source of income and any prospects identif led to achieve new sources of income The Charity measures the quality of its sèrvices In a number ofways.. Through inspectlons carried out ty the Care Qualitycommission ICQCI for Supported Living and Residential accommodation The forecast for expenditure ITh the current and future f inancial years, based on the Trust's planned activities Through Trustee visits to our 5UPPOrted living and residential homes and day seNi¢e An analysis of future needs potential opportunities for growth and any risks, where future Income alor)e may fall short of the levels of funding required to meet anticipated costs Regular inspections by our internal Skills & Compliance lead Regular Servi￿ inspections by Managers inspection5 of service Their assessment of the likelihood of any shortfall arising, based on the best evidence availablè at the time of sètting the annual budget, that makes reserve5 necessary Contract and seNice delivery reviews with local authoritie5 Staff suNèys The Truste￿ have detèrmined that the level of f ree cash reserve5 held by the charity should not normally fall below months. total unrestricted operating costs. This policy is reviewed annually. Consultation wtth Service users and their families Sèrvlce user 5urvey5 As of 31¥1 March 2024 the f ree reserves held by the Trust was £93,388 (2023- £208,198). Where short fallings in servlce del￿ery are dentifled an Action Plan is implemented. setting targets. dates by when they must be achieved and who Is responsible for achieving them. stable Family Home Trust Anv4ual Repor[ Board of Trustees Equality, Diversity & Inclusion The charity sector Is becomlng increaslngty competitlve in relation to fundralsing. accessing local authority and other government funding streams and recrultlng appropriate￿ skilled and experienced Staff. It is now even more important that as well as possessing the skills and abilities to lead and manage a social eare organisation through increasingly ¢hallenglng times our Senior managers also have the business acumen to devglop seNicgs that remain viable and accessible and navigate complex and challenging f Inancial sltuation& Therefore. It is essential for the future of the Trust that we are able to attract and retain professionals that can Successful￿ lead the Trust Into the future, offering high quality services. whilst ensurSng flnanclal vlabllity. We are committed to achievlng equallty of opportunity and Inclusivity for everyone who come5 into ¢ontart with our services, gardless of ability, ethniclty, gender, race, religious belief, sexual oriantation or ary other protected characterlstic. Our services arè open to all adults with learning disabilities regardless of ability. ethnicity. gender, race, rellglous bellef, sexual orlentatlon or any other protected characteristic. Our reeTUltment practices for staff. volunteers and Trustees welcomes applications fr¢m people ￿ardlesS of ability, ethnicity, g8nder, race. religious belief, sexual orientation or any other protected characteristic. Pay and remuneratlon for all other staff employed by the Trust is subject to an annual reviewand salary Increases are èwarded when It is f inaneially possible, and are therefore not guaranteed. Future dèvelopment for the Trust includès Implementing an internal Salary Structurewith a new minimum hourly rate that is not based on the National Lrving Wage,with pay awards linked to a newAnnual Performance Review prwess. Pay and Remuneration Pay and remuneration for the Senior Leadership Team is agreed by the Board of Trustees and reviewed annually. To ensure that the Trust recruits and retains the right quality of candidate for senior posts we pay s?laries that a￿ comparable to other slmilar organisations for similar roles. Stablg Family Home Tru'i nual Reptyrt2023- 20 Trustee's Responsibilities Statement The Trustees (who are also directors of The Stable Family Home Trust for the purp05e5 of company law} are responsible for preparing the Charity's Annual Report and the financial statements in accordance with applicable law and United Kin9dom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial positlon of the charitable company and enable them to ensure that the f inancial Statements comply wlth the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and for taking reasonable steps for the prevention and detection of f raud and other irregulariti Company law r4uirÈ5 the Trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitsble company and of the incoming resources and application of resources, including the income and expenditure, of the charStable companyfor that period. In preparing these f inancial statements, the Tiustees are requlred to: In so far as the Trustees are aware: >> select sultable accounting wlicies and then apply them con5iStently, 11 there is no relevant audit information of which the charitable company's auditor is unaware,. and observe the methods and principles in the Charity SORP 2015 IFFtS1021,' >> makejudgements and estimates that are reasonable and pnJdent-, 11 the trustees have taken all steps that they ought to have taken to make themselvès a￿re of any relevant audlt Information and to establish that the auditor is aware of that information. >) state whether applicable UK accounting standards have been followed, subject ro any material departures disclosed and explained in the financial Staternen￿ and prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. Stable Family HomeTrustAnnual Report 2023- 2024120 Finance Most of our service users are funded by various local authorities and local Clinical Commissioning Groups ICCGSI, with a f who are self-funding. Many now have Direct Payments which gives them greater choice over which services they use. Donations and Fundraising Donations & Legacies for the year ended 31 March 2024 We are extremely grateful for all donations that were received during the year ended 31 March 2024 (details of which earn be found in note 3 of the full accounts), and wè greatly apprettiatè the participation and interest of all those organisations and individuals who have supported the Trust throu9hout the year. Changes in the way local authorities purchase our services, together with increase5 in costs, associated costs of setting up new services, and initial vacancies whilst awaiting agreed funding within the new supported living services. has put pressure on our f inances. however towards the end of the f inancial year this has impr￿ed and we arè tonf idènt abttut thÈ futLJrè despitè concerns that remain over some local authorities not increasing paymènt Fixed assets The Board of Trustees considers thè f rèehold properties owned by the Trust to have a value grèater than the depreciated ￿1￿& stated in the 3alance Sheet. The assets are held to provide r ntial and educational facilities toours ers. ice We have ¢ontinued to invest in the maintenance and improvements to OUT homes to offer a modern and welcoming environment for our Servi￿ users, which they have had the opportunity to contribute to. We have also provided two additional rooms at two of our homes and have made improvements to the shared liwng spaces at another. We havè a ongoing commitment to continue fundraising to further improvè the shared living spacès in our other houses in the new financial year. Signe Name.. od ItP£- Unrestricted 9.24% Date: kestricted 90.76% Stablè Farni￿ Homè Trust Annual Report 20￿- 2024121 Report of the Independent Auditors to the Members ofThe Stable Family Home Trust Opinion Basis for opinion Conclusions relating to going concern We have auditecl the f inancial statements of The Stable Family HomeTrust Ithe'charitable companyl for theyear ended 31 March 2024 whith comprisè the Statement of Financial Activitie& the Balance Sheet, the Statement of Cash Flows and note5 to the financial statements. including a summary of signif icant accounting policie& The f inancial rewrting framework that has been applied in theSr preparation is applicable law and Untted Kingdom Accounting Standards, including Financial Rèporting StatÈment102' Yh Financial Fleporting Standard applicable in the UK and thè Republic of Ireland" (United Kingdom Generally Accepted Accounting Practice). We conductsd our audit in accordancewith International Standards on Auditing IUK) IISAS IUKII and applicable law. Our responsibilitle5 under those standards are further described in the Auditor's responsibilities for the audit of the f inancial statements section of our report. Weare independent ofthecharitab1ecompany in accordance with the ethical requirements that are relevant to our audit of the f inancial statements in the UK including the FRC'S Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We have nothlng to report in respect ofthe following matters in relation to which the ISAS IUKI require us to report to you where: the Trustees, use of the going concern basls of accounting In preparation of the f Inancial statemenrs Is not appropriate,. or >) the Trustees have not disclosed in the financial statement any matÈrlal un￿rtaIntieS that may cast signif icant doubt about the charitable cOmpan￿S abilty to continue to adopt the going eoncern basis of accounting for a period of at least tWeh￿ months from the date when the f Inancial statements arè authorised for issue. We believe that the audit evidence we have obtained is suff icient and appropriate to provide basis for our opinion. In our opinion the f inancial statement&. give a true and fair view of the state of the charitable company's affairs at 31 March 2024, and of its In¢oming resources and application of resources for the year then ended.. have been properly prepared in accordan with United Kingdom GenerallyAccepted Accounting Practice. and have been prepared in accordan with the requirements ofthe Companles Act 2006. StablÈ Fzmily HomeTrustAnnual Rèwrt 2023- 2024122 Report of the Independent Auditors to the Members ofThe Stable Family Home Trust Other information Opinion on other matters prescribed by the Companies Act 2006 Matters on which we are required to report by exception The other information comprises the rnformation included in the Report of the Trustees (including Strategic Fieportl. other than the financial statements and our Report ofthe Auclitors thereon. The Trustees are responsible for the other infofmation. Our opinion on the flnanclal statemgnts does not cover the other information and, èxcèpt to the èxtent otherwise explicTt stated in our report. we do not express any form of assuran￿ conclusion thereon. In connection with our audit of the f inancial statement5, our resp)nsibility is to read the other information and. in doing so. consider whether the other information is materially inconsistent with the f inancial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material incon5iStencie5 OT apparent material misstatements. we are required to determine whether there is a material misstatement in the f inancial statements or a material mlsstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement cf this other infomatlon, we are required to report that faet. In our opinion. based on work undertaken in the course of the audlt.. In light of the knowledge and understanding of the company and its environmènt obtainèd in the course of the audit, we havè not identified material misstatements in the Strategic Flèport or the Flèport of the Dirè¢tor5 included within the Report ofthe Trustees. the information given in the Report of the Trustees. which includes the Report of the Directors and the Strat8gic Report prepared for the purp￿ of cowpany law, for the financial year for whlch the financial We have r)othing to report in respect of the statements are prepared is consistent with following matters in relation towhich the the f inoncial statements., and Companies Act 2006 require5 U5 to report toyou if, in our opinion- the Strategic Report and the Report of the Directors included within the Report of the Trustee5 dequate accounting records have not b*n kept or returns adequate for our audit have not b￿Tr recewed from branches not visited by us have been prepared in accordance with appllcable legal requirements the financial statements are not in agreement with the accounting records and return5- or have been prepared in accordance with applicable legal requirements certain disclosures of Trustees, remuneration specif led by law are not made,. or We have nothing to report in this regard. we have not received all the information and explanations we require for our audit. Stable Famity Home Tru￿ Annual Rewrt 2023- 2024 123 Report of the Independent Auditors to the Members of The Stable Family Home Trust Responsibilities of Trustees but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material rnisstatement when it exist the nature of the charty sector, control environment and financial performance., As explained more fully in the Statement of Trl￿tees, Responsibilities the Trustees (who are also directors of the charitable companyfor the purposes ofcompany law and tnjstees of the charityfor the purposes of charity lawl are responslble for the preparatlon of the f Inancial statements and fr)r being satisfied that thèy gwe a true and fairview. and for such internal control as the Trusteès determine is neCe￿ry to enable the prèparation of f Inan¢lal statèmèntsthat arè free from material misstatemenL whether due to fraud or error. Misstatsments can arise from fraud or error and are considered material rf. individually or in the aggrègatè, they could rèasonably be expected to influence the Èconorric dÈclsions of users taken on the basis of these f inancial statement results of our enquiries of management about thelr rthn identrfication and assessment of the risks of Irregulariti any matters we idèntif led having obtalned and reviewed the charitys documentatlon of their policles and procedures relating to.. Identifying and assessing potential risks related to irregularities Identifylng, Wdluating and complying with laws and regulations and whether they￿re aware ofanyinstan￿s of nonkncompl1an￿,. Irregularities, including fraud. are non- compliance wlth laws and regulations We design procedur￿, in line with our responsibilities as set out in the auditors, responsibllitles for the audit of the f inancial statements section.to detert material misstatements in respert of irregularities, including fraud. The extentto which our procedures are capable of éetectlng Irregularities, includlng fraud, are detailed below. In preparing the f inancial statements the Trustee5 are re5pon5ible for assessing the charitsble compan￿5 ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going con￿rn basis of accounting unlessthe Trustees either intend to liquidate the chartsble company or to cease operations or have no realistic alternative but to dos detecting and responding to the risks of fraud and whetherrheyhave knowledge ofanyactual. suspected or alleged fraud,. thè internal controls established to mitlgate risks offraud or non This included analy5ing and selecting journals for testing which appeared unusual in r)ature. either due to size. preparer or date of Posting. To tést their A further description of our responsibilities validity, ￿ vèrified the journaks to originating for the audit of the f inancial statements documentation. is located on the Financial Reporting Council's website aL www.f rc.org.u auditorsresponsibilitie5. This description forms part of our Report of theAuditors. Audit response to risks identif led As a result of performing the above, we identif led revenue and resource recognition as a key audit matter related to the potentlal risk of f r8ud. Our procedure5 to respond to ri5k5 identifled Included the followlng: We a150 communicated TelevBnt identified law5 and regulatlQn5 and potential fraud risls to all engagement team membersand remained alert to any Indlcations of fraud or non-complian￿ with laws and regulations throughoutthe audit. reviewing the f inancial Statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having direct effect on the f inancial statements: under￿arnd1ng the charity's revenue recognition policies and how they are applied, including the relewant controls and perforrning Stable Famlly HomèTrust Annual Réwrt 2023- 2024 | 25 Report of the Independent Auditors to the Members ofThe Stable Family Home Trust Use of our report This reFK)rt is made solely to the charitable compan￿5 trustees, as a body. in accordance with Part 4 of the Charities (Accounts and Reportsl riegulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matter5 we are required to state to them in an auditor s report and for no other purpose. To the fullesL extent permitted by law,wedo not accept or assume responsibility to anyone othei thèn the charitable company and the charitable company's truste as a body, ft)r our audit work, for this report, or for the opinions we have formed. Simon Ellingham BA FCA DChA (Senior Statutory Auditorl for and on behalf of Fawcetts LLP, Chartered Accountants & Statutory Auditors Windover House. St Ann StreeL Salisbury, SPI 2DR. Date.. Stable Family HomeTrustArsnual Rewry 2023- 2024126 The Stable Family Home Trust Statement of Financial Activities for the Year Ending 31 March 2024 UnMstrf¢t•d IF4COMEAND EXPENPITURE rAngral DMFgn•t•d A•#rfct•d 2024Tot•l 2ts23Tot•l Not• INCOMEAND ENDOWMEPItS FRONt Donation and lègacies 63,287 6B4.791 1.744.938 Charltsblea¢tivi¢ts 299,657 13 3J35,200 3,280J62 Olh•r tradiw actfvitks 75.022 7S,022 55,0 Investment income 13,216 13.216 3,767 Other Income 29,973 29.973 Tot41 Incor 41YeJ02 4T4Tr6 EXFENDITUREQN: Raising fund5 139.2S4 138,S4 7B,728 CharitsblÈartivitE5 3,206.538 3IB46 107.764 3J53.148 3,52S,9SO TotalvAppndlturg 3344792 39046 107,764 Wlh02 3￿0481& NET IEXPENDMJRE) IINCOME 136,393 138.8461 54*253 646,BCM) 1,518,108 Tr3nsFer5 between funds 3S,al 1356111 Not movements In funds 171004 1744>11 549253 646,800 I518,108 Re¢oNeiullAnoN OF FUNDS T•talfurwJ$btOU5ht foTwar¢Y 1&94,017 108,849 Z280502 5.071%8 355&260 TOTAL FU14DSCARRIED FOAWAAD IW021 34J92 64YS5 4720.%8 5P7JJ68 All ofthe above results are delvèd from continuiny attr￿lTIes. Therg wero no orher recognised gains or lasses otherthan started above. Comparativè figurèsfor thè Unrèstr￿[&￿ and r95trictgd furbds aro shown in note 2 The noresform part ofthe financrdl stètgrnent Stable Family Home Trust Annual Report 2023- 2024 127 The Stable Family Home Trust Balance sheet as at 31 March 2024 2LN14 2LVJ d *ssers Tangibl•f￿ assets 16 5548510 4.727056 CUrr*ntAs￿tr Sti￿￿ Oebtors 19 24U7 3sets held forsa C￿h aL bJnk¥rA In h•nd IP97.996 601,755 Credltor* 4mvJnts due withln on•y••i 627,674 784582 Net ¢urrenta¥sets 864253 34SS12 Totsl as%¢ts less current lièbllotles 6,41ze23 Cr•ditors •mounts hiring due after morethan one year N￿AsSErs 5720,168 SOY3?68 FundB Restrictedfunds I￿9,?55 2299,W4 Unrestricted fund* te￿ra1 reSer￿fUr D￿gnatedfun0* 021 1684,0 108 70TALFUNDS. sr416B Thetln•nelal stat•m•ntswère app horlsÈdfor155u• byth• Bo•r¢ ofTrust•Bs on 204 t4oafy- 24 and w•r•s￿￿ed on b•half Stabl• Famlly Home Trust Annual Rèport 2023- 2024 1 The Stable Family Home Trust Statement ofcash Flows for the Year Ending 31 March 2024 CASH FLOW5 FROM OPERATING A￿VrriE￿. N8tcash providad byllus£d In) operatlng actlvltlgs 1,203,420 2&057 cashflawsfrom In￿$11￿0 actkltl• Purchase 0ftangib￿lIKed r760N61 12@08.1701 va1uatthordona￿d ￿L￿eS Prcce2dson So￿of tsrgibkèfix9(I h$5ets 40.253 Interest re￿1¥ablE 13216 3,767 N•tcaih Pl￿ded tyllused In) Ir4vestlng ac￿￿tleS ,ITfJ 02XW31 Cash flowslrom ffThbnclal Jrtfvltie Loan re￿￿ Inyear 7DO,WO uwd infinBticiBI *tiVitl•S 7QO,000 CHANGE IN CASH AND CASH EQUIVALENT FOR THE YEAR 496,241 Cash and cash eouivalents broughtforward 601,753 I,IISC69 .¢asH AND CASH ÉQUNALEKfcARRIÉO FOAWAAD AT31 MARCH EOI. ee0ncllla￿0Th￿*not1Thwrn￿I•xp9Tr￿yr•) to n•t Cash flow from operatln9 Xtlvlrle5 Net incomEllexpÈnditU￿j fortheyÈar &sperthe Stat•m•Tht of Flnanckl ActDiltie5 644800 1518.108 Adjusted tor. Non cash donatkjns Deprociatlon Lw on disposals Interest rEc8p1a￿e Dècrèase ITr Stocks 11ncreaselldecrease in dpbiors InC￿ase¥ldecTeaSej in rrecliion8 1156S,CQOI IOJ.174 67,028 13.7671 394 28,918 11217981 91,879 ¥2,937 113.216 117891 I￿.￿8) SIS747 N•t C&5h Iu5vd InVp￿ded by operatlng act￿tI*5 bl ofcash and ¢￿h •qUNal•nts Cash èt bankaTrd In hand 1,097.916 601,755 The notes form part ofthe flnaThclal statements. Stable Famity Home Trust Annual Report 20D- 2024129 The Stable Family Home Trust Notes to the Financial Statements for the Year Ending 31 March 2024 l. Accounting Policies Donations arè aeeounted for as they are received. 1.4 Raising funds A summary of the principal accountlng policies adopted, which have been applied consistently. are set out below.. Pecuniary legacies are accounted for as thèy are rèceived. Re5iduary legacies are accounted for at the date of Ènttilement. Fiaising funds include5 all expenditure incurred by the charity to raise ￿ndS for its charitable purposes and includes Costs of all fundraising activities events and non-charitable trading. l.l Accounting convention Local Authority fees are accountsd for at the date the invoice is issued in accordance with the terms and conditions prevailing with the local authority. IS Incoming rèsource5 f rom charitable actlvltlès The f inancial statements of the charitable company, which is a public benefit entity under FRS 102, have beèn prèpared in accordance with thè Charities SORP IFRS1021'Account and Reporting by Charities.. Statement of Recommended Practice applicable to charitie5 preparing their accounts in accordance with the Financial ReportSng standard applicable in the UK and Republic of Ireland IFRS1021 (effective I January 20151.. Financlal Reporting Standard 102 'The Financial ReFOrting Standard applicable in the UK and Flepublic of Ireland. and the Companies Act 200& The flnancial statements have been prepared under the historic cost convention. Incoming resources from charitable activities represent the amounts rèceivable. on a daily basi4 for resident5 ar)d day care client& Shop income is accounted for at the p)int of sale. Investment income i% accounted for once the income has been credited to the bank a￿unt. Any other sources of income not noted above are recognlsed at the date of receipt. 1.6 Allocatlon and apportionment of costs Ch8rStable cost5 have been allocated between direct costs and support Igovernancel cost Support costs compTise all costs involving the public accountability of the charity and its compliance with regulation and go¢)J practice. These costs include costs related to statutory audit and professional feès together with Trustees indemnity insurance. The allocation of dlrect and governance costs is anal￿d in notes10 and 11. 13 Expenditure Liabilities are recogniséd as expenditure as swn s there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benef its wi51 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 classif led under headings that aggregate all cost related to the category. Where costs cannot be directly attribLJted to particular headings they have been allocated to activities on a basis consistent with the use of resources. 1.2 Income All income whèther from donation5 and legacies fees from local authorities, other trading activities or investment income arè accountéd for in thè Statèmènt of Financial Activities On￿ the charity ha5 entitlement to the funds and the conditions of certainty and mèasurement a5dèfined wlthlnthe Charities SORP have bèen met. Stable Family HomoTrust Annual Report 2023- 2024130 The Stable Family Home Trust 1.7 Redundancy and termination payments Depreciation is ealeulated to write down the cost of valuation, less éstimated residual value, of all tangiblè f ixed assets other than f reèhold land, over their expected useful lives. This applies to assets with a value of £300 or more. Depreciation on assets is caleulated from the dats that the asset is brought into use. Included within Freehold property is thè Freehold land ost, the value of the land has been estimated and the value of the land has not been depreciated. Restricted funds arè funds subJ￿t t¢ specrfie restrictive condition5 imposed bydonors or by the purpose of the èppeal. Such donations and giants are treated as income in the ￿ar of receipt. Unspent restricted income 15 carried forward within restricted funds and spread over the life of the relevant asset or project. Termination payments are payable when employment Is teminated before the normal retirement date, or whenever an employee accepts voluntary redundancy in exchange for these paymen& The ch3rty recognise5 termination payments when it is demonstrably committed to either lil terminating the employment of current employees according to a detailed formal plan without possibility of withdrawal or lill providing termlnation benef its as a result of an offer made to encourage voluntary redundancy. All income and expenditure is shown in the Statement of FSnènelal Actwitie& 7.12 Leases 1.9 Stocks The Trust enters into operating leases. Rental c<)sts under operating leases is charged on a straight-line basis over the term, even if the payments are not made on such a basis. Stocks are valued at thè lower of cost and n8t realisable value, after making due allowan￿ for obsolete and slow moving items 1.8 Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset ever Its estlmated useful life. 1.10 Taxatlon 1.13 Penslon costs and oth•r post- retirement benef its The charity is exempt f rom corporation tax on its charitable actTriitie& Freehold property Leasehold property Building impnyBments FNtures and ffftings Computer equipment MotorvÈhlcl•s The Trust provides pensions to Its employees through a def ined contributlon group personal pensien seheme. The assets of the scheme are held independèr)tly of the Trust by Friends Provident Corporate Pensions Limited. l%perwr Over term of thè lease l% perye3T straight line owr 5 yèa Straight Ilne ow 5 years Straight Iln• ow 4yèars 1.11 Fund accountlng General funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the TrusL Pension contributions are charged to the Statement of Financial Activities as they become payable in accordance with the rules ofthe scheme. Any differen￿ be￿een amounts charged to the Statement of Financial Activities and contributions paid are shown as a Separate￿ identlf led liability or asset in the balance sheet. Designated funds are fiJnds whSch have been set aside at the discretion of the Trustees to help f inance speelf ic project Stablè Famlly HomeTrustAnnual Rep)rt 2023- 2024 131 The Stable Family Home Trust 1.14 Financial instruments I statèment of f inaneial activities- etsmparative balances The charity On￿ has f inancial assèts and f inancial liabilities of a kind that qualify as basic financlal instrument& 8a5ic financial instruments are initially recognised at transaction value and subsequently rnèasured at their settlement value with the exception of bank loans which are Subsequent￿ measured at amortised c05t using the effectD/e interest method. INCQMEAND EKPENDrruRE INCOMEANO ENI)QWMEP¥15FROht.. Donation and legaci85 81,780 1.665ts8 1,744.938 Charitablq attlwrie5 3,280J62 3.Z80562 Other ttading actNities 5&051 ,0 Inwstm•nt Incoma 1767 3,7gl I.IS Trade debtors Other Income 38,668 Trade debtors are carried at original net invoice amount less an estimate for doubtful debtors. Bad debts are written off when identified. Specif ic provisions are macle against debts whose recurfary is considered doubtful. To*41 Incam• 1664150 EXPENDITURE Otr* Raisingfu￿$ 78.728 78,72 char￿a￿@￿CE￿llI￿5 5,330P39 125,294 7Q617 3525,9SD 1.16 Provisions and accruals 1401767 70m7 Provisions are recognised when there is a present legal or constructive obligation as a result of past events and the amount can be rèliably estimated. Provisions are not recognised for future operatlng losse NEfiEXPENDrriiAEVIN¢QME SO,861 ￿￿294) 1592,$41 1518.108 Tran5fpt5 b8tvwen fund5 5.057 (Wo￿) 12.96 N•t rnov4mgnts Infunds 345,916 1417,3941 T￿69,5?4 1518.108 RECONCIUTWTION OF FUMDS Totèl Funds broughtlorwaid 2,338.OY9 526233 690,928 3¥.260 TOTAL FUNDS CARRIED FORWAAD Stable Family Home Trust Annual Rewrt 2023- 2024132 The Stable Family Home Trust 3. Donations and Legacies For thgyoar ended31 March 20U don•tion$arKI lÈoJ¢￿￿arp ènalysed between fundsasfollow DDnaiillnsln klnQ- BISTeme E5Eale fiussdl charitabl￿ Tiust Thè Btsghipr-Hinton eradburyCeThirÈ IF0￿11￿ Estsce51 The 8iadburs Foundalknn ThèSe¢￿Eary0f Slate lor L￿￿111￿9 Up AnDnymous The Edw8rdGu5thng FoundatiDn OLU Lwplling Up Th¢ Berrotd SunltyFOundaibn Th@ValÈnlinÈ CharitablÈTrust LvbEne5 5Dlici10I5 ThÈStsut¢r CharitableTIu5t Rkhard Dav￿Charitab1È TheSciEwfh Foundatio Th• Lo￿leY ChristianTrust OlivEr FOund￿liD Trè Ctroiicabl¢Tiwt EF& MG Hall chaiii&b￿TrUsE 20￿00 20,000 10.b94 2￿00 5,000 IW,DOD so,0 io ?u,o 20J)DO 1570.0 10,894 TM EdWardGD5tI￿ FoundaliDTh 1570.Q zo Four￿01￿￿ so loo,000 so,000 5,600 Tho CharrfabloTnsr EF&klGH)IIChomb￿T￿It ThqWEbb FamI￿TrU rwwoDttT(￿￿c￿L￿IIkn￿lEP TPor￿t iu 250,WO 3,000 so,000 250.000 J,000 50.000 ).wo J,*i J,000 5novp 00 29.4 50D T￿bOt￿lI￿￿Tru5I bvih L￿?￿ Ela￿c*An1￿ty 29.473 10,000 4981 ZOOD pa4¥onkChai￿￿￿* John L•wsCummuTrtykl&lWs &Q FtsuTrda1￿ The ClllllT&x¢hwrrtoW*Ttu%t chThi1L￿5rrU1I P￿tI￿r￿1￿ tsnyrnOUS cO￿p Ltta1Comm￿nrtYFUn Thp HasPrtal>tutthyPun ThqVal•Thtin• Chèrlcatl•TM%r I1￿T￿￿￿￿SChthrrt&b￿ Fun 2,WQ 3,￿0 i.ODD ZOOD 10.DDD IqB6 loco 1,0 Jmoo i.ODD l.B28 IMOO Th•Webb Fami1yTrL￿I ri1nty￿0C￿Y lowncounCIl)ubl• IQIXp) 3,000 IqLW IQD 24333 IJ) 2,WO ior F￿￿l￿E￿Iat￿s Tre O'&Jllrrf•n FaM￿YTrUAt Th•￿1￿ EI￿￿(￿￿￿￿-D￿fichall1Ob￿FvUrthtkn?n ThEVecAEDmTrus1 I& MFafflI￿F0u￿tI￿n DoThklw)nxuThd•r£SODpArdtsn IWD Ga5nov+ PGL Hants8 IOWSW io 706 705 )SDLK) 50 2mO 29,473 )D soo Eliiabeth LoKbJE Jame5 Hamb￿}ChaT4[èb￿TrUSt MasonicCharltabl¢Foundatthi John Lew15CornrnuThlty Matter &Q FtsuThdatitsn Th8ColefaxChèrlt&b￿TIUs¢ charrtiesTrUSC Natlotwid• io iOOD 5,000 io,000 ioty)o 1,000 868 AnLbnymou Co-op iLKal community1￿r￿1 The Hospital Saturday Fund TbeValentiDp Ch3IitableTrust Bai￿T￿m4$¢TharIrèb￿ Fund TheGDoff &Fiona 5quiiQ Foundjtlo The Mnsywonno FluxChariThbl•Tiuil Forellè EstatÈs Th+CYSullI￿Th F4ml￿TruSt ThèAliCe ElleACo¢pEf-DèAnChwlthblF FourAatiD Th•V•ckom Trust J & M Family Foutsdatlon DDnaiiDns ufM*r£5W perdtsmt 5.wo l.B28 2.000 .ow ID.D 2433J 25PCO 1.000 1,000 3rn0 20n 1,000 3,WO Is,ocKJ 500 2.000 456 9Q480 90.48¢ 8564 &434 Stable Family Home Trust Annual Report 2023- 2024 133 The Stable Family Home Trust Income from Charit•bl• Activltles 2023 xal*JJihorfli•slParents Fee5 Incomlng R•sour¢ IWl7, Property rental irtom Incomlng Rwour 5M974 IrKornlng R￿urc•s Prupoty k•nt*l Incom• Th*charty has proporty T•ntsl intt*rn• wf(h Msp•ettoth• ftsllwny pwpertk•s Kings Pin•hw. Abt¢tsFord, Hayes Avenu•, WatersrèrKh. Merrfvale and Belle Vue R08d.There bcurrentty M mlnlmum Income •$ it dèpends on the uccupancyand as a result**are unabl• tQStat• lutur• Incom•. S. Othèr trading •etiviti•$ Unr••trt¢r•dfund#2024 A¢ll￿tI•$for9•rMtsn• fvnts, Th• grndburyC•ntrg Sgl•s 2Q623 Hol￿￿Y horn• lettlrwas Gfvd sa1•5 1&744 spIr￿S8￿S Gh•asytyJ I Fundra&lng ownrs 314 Othractkntkni stsblg F?mlly HomeTrustAnnuol Report 2023- 2024134 The Stable Family Home Trust 6. Investment Income Int•rqst rgCB￿bl• 13.216 17 7. Other Incom• Glft LocDIAuthortyer•Ad Gr•nts-Unr•rtrtct4d Malnt•Thaft¢•W b¢tsvÉen funds asfoll D•slgnat•d -_ R95trlct•d Totsl 2025 2,267,211 199.671 66579 135148 7S,IB8 61581 16,831 18,058 .743 3.390 iQ545 28,978 37,600 4,094 5,024 22,473 io.Tro 2.2￿,2?1 Socl?I Security Pemions R&n¢ ratès and Wat4r lrnur?rKe Light ?nd heat T*l•pthThe H￿IthSChern Supported I￿ng runniNJ ¢tsw•ré wTr3r QualityassurancewAppn Trainjw Travel Rowirs& rnnowa15 AdmlniSti•tion 66579 135.148 79,068 615BI 17.545 14OS8 43,743 3J90 1&94S 28,978 ,4T2 &075 11,644 22,475 70.770 1.693, 60523 13,SB3 1&007 17,762 714 58,722 A150 979 HcwÈtrnld iunning•xpknwÉ Foodexpensej rdqn 4,291 RecruiTrni NtyJr&h expenses lyt1(￿C05lthd￿1rn￿tmllOTh staff chr*￿5 pirty Pleetlng andtrainlng r•lrqshmoThts nk Gharg•s Loan int•i*st Consu1tJnryfB￿S Equipm*Drhl Child¢*rewuehers Oppl•r￿t￿)n Losson dIF￿￿10ftlXedjS¥e water$￿ach malntenan I￿V￿cr&sC￿nr mèint•Thanc• Merrlvale rrKryinteMDL¥ 169 BeI￿vU¢ R¢%3d maintenanc Gift￿ caf*•xp•n5AS Holhljy hornD*XWfi&ÉS 11583 1123 17.762 1007 690 9084 1,880 30.280 14.224 14.388 207 103,T14 67,028 14339 Tr0,8 113S4 19.710 14,224 1438B 207 64,280 66277 38,B94 7SI 14339 10,8 12J54 10,017 10,017 Stable Farni￿ Hom?Trust Annual Report 2023- 2024137 The Stable Family Home Trust 11. Support costs Vnr•Atrl¢W D¢¥lgna¢gd R95trl¢t•d Total 2024 Tota12023 r•mun•r¥tlon LagAI ar￿ Pmr￿k>naI f•A8 Trust••s' IrK¥•mnltylnsurnr￿• 8JS) 8,1 IZ Net Incomellexpendlture} Net incomèli•xpèndfturel ￿stat•d aftèrcharg1n￿{cre￿￿4ngI'. 2024 Auditors, rnmunqrntbn c•pr•¢￿t￿ 174 itra,740 13. Trustees, remuneration and b•n•f its Ther•w•r• nD ffLNt••s' r•mun•r•t•Jh oroth•r b•n•fits fprth•s•ar •nd•d31 m4￿h 2024 nor forthey•4r￿d￿ X)23. There wer• no trL&t••s' •xp•ns•s for th•￿r•Ad•d Jl 2024rwr lorth•fftr•ndo¢J Tr M•r¢h 202 14. Staff costs Net Incomè/i•xpenditurel lsstated after ehorglWlcrèdTtlngl-' 2024 2023 Wa9q5 Sc￿£￿n￿D￿ Equifrrrtent AtsbDtsfDrd CJBcDraikw H45Ysth*nu• O•coii14rwJ IDDD IP70 YS8 40D l￿D 1,7J Kiry5paik 21,20S 2*474 sa.1 OUldp?rE4ulpmEn¢ Co Kills GYMVD 7,200 ij s.￿8 11,80 In02 12.2001 14.?S5 3.lJ2 W•teisrea¢h Bèthr¢om HCCOayS?rwireCDvhYGrthl" .OUD IID,DUOI LayJr¢thiiW Machl Th1 8L*db￿ryC*￿lrèFUfft￿hl Ca￿talApp￿41-ThP0a￿k Bvr. Hom Gik•d Caf GittedHEOteiJ DtyS•Mc•indSupportodLIving ÈquiwMnt str￿1XSlOra*trc￿E￿Daf￿5rDI HDme5 $0 ,333 2S I549J50 n*6501 &QDO 1800 12.9791 (2,IEW 44W28 15.40&7d71 V25,2941 295fj57 1292rn 1604.017 108.049 xs. Stable Farni￿ Home Trust Annual Rèptsrt 2023- 2024 143 The Stable Family Home Trust 23. Analysis of nèt assets between funds Re5Lrictrd fund UnrésrricrthJftJndk g•n•ral r•S+r￿ fuTrJ Unr•strlct•dfvnds'. Lle51gnatecl lund 1795,931 2.76Z,633 41619 93J88 34J92 2,829.7 Z8*021 34592 N•taw•t•u•tth••Thd•ffh•sw 724 Comparative anaty515 of net èsset5 between fund5for theyear 2Dded 31 March 2023.. x•d •BS9ts N•teurw•Ata8sots Totsi R>rirtpd fund£ unrèstrict￿ fund&" 9•n*ral r•s•nrn fund Uniestricred fund&. deslgTrared fund I￿2,037 I475BIg 28.465 208,198 IOa,849 2.2W502 2,6È4,017 108.B49 4?￿.&11 24. Related Party Disclosures Nono of the truste&s re￿iVed any remuneration or expensesdurimg theyear. Thedaughter of a trustee, Sue Pepper, recewed servkes totalling £56,90012023' £60,9BII during the year. As at 31 Nlarch theTfUSt Wè5 owed £5.453 for March 2024fee512023'. ES7341. The son of a trustee,John Masor), received servieestotalling £56,56412023'. £58.2511 during theyear. sat 31 March theTru5t was owed ￿,518 for March 2024fees12023.' £S,2011. The partner Df Colln Waters, the Chief ExecLrtive up to 31 AugUst20￿,was emplcyed tythe Tru5ta5a car•wDrk•r, on the same terms as Dfh*r Émploye￿ in that PDSition. Amounts paid forTrustees indèmnlty irtsurance durlng theyear amountecl to £84012023.. £8401. 25. Status The charity Is limited Lwguarantee and has no shareeapital. Stable Family Home Trust Annual Fléport 2023- 2024144 ' CHA¥CFOF Stable Famlly Home TrustAnnual Report 2023- 2024 145 Stable Family Y Home Trust Where everyone matters