Copyright © 2025 Stable Family Home Trust
Annual Report & Accounts 2024 - 2025
Company No: 04421606 | Charity No: 1093672
The Stable Family Home Trust
Legal and Administrative details for the year ended 31 March 2025
Reference and Administrative Details
Company number
04421606 (England and Wales)
Charity number Registered office
1093672
The Stables Bisterne Ringwood Hampshire BH34 3BN
Trustees
Sue Perry - Chair of Board of Trustees Simon Farrow - Company Secretary (resigned 25[th] March 2025) Dawn Barker Mark Dixon John Hatchard (passed away January 2025) John Mason Jon Pritchard (appointed 17[th] September 2024) Julie Finnis (appointed 17[th] September 2024) Anne Day (appointed 28[th] January 2025, resigned 27[th] May 2025) David Haikney (appointed 25[th ] March 2025)
Chief Executive Officer
Jane Smith
Key Account Personnel
Admin Manager Finance Manager Head of Operations Head of Supported Living Head of Fund Development HR Manager Day Services Manager Service Manager Service Manager Service Manager
Debra Thompson Sam Atter Teresa Hunt (appointed 1[st ] January 2025) Mandy Harris Theresa Elliott Hannah Bichard Jo Bowen Yasmin Johnstone Natasha Woodford Jenny Jones
Bankers
NatWest PLC
2nd Floor, Heron House 10 Christchurch Road Bournemouth BH31 3NR
Auditors
Knight Goodhead 7 Bournemouth Road Chandlers Ford Eastleigh Hampshire SO53 3DA
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Foreword from Sue Perry Chair of The Board of Trustees
We have had another very busy and exciting year at The Stable Family Home Trust which has seen the start of a significant refurbishment of our main premises, The Stables, and a complete re-branding of the Charity including our website.
Despite these visual changes, the fundamental purpose of the Charity and the work undertaken on its behalf by its staff remains the same and that is to provide our clients with the best possible support and care dependent upon their individual needs.
On behalf of the Board, I would like to thank our amazing staff who have continued to provide support, care and kindness to our clients throughout the last year. The refurbishment of The Stables has meant the staff have had to cope with restricted spaces and facilities and continue to deliver high quality support and a varied programme. It has been a stressful time but we are almost there and the Board of Trustees extends its grateful thanks to all the staff and service
user for their patience and understanding during the work. Feedback from our service users, their families and the staff has been so positive and everyone is enjoying the new facilities so far.
The Charity would not be able to function as it does without the support of our donors. Our Fundraising Team have had a very successful year with donations exceeding almost a half a million pounds having been received.
The Board would like to thank each and every donor and supporter for the incredible donations made during the last year, without which, the refurbishment would simply not have been possible. The donors who have given so generously include charitable trusts that have supported the Stable Family Home Trust, as well
as companies and individuals who have provided services at low or no charge and volunteers who give their time and skills to help us.
I would also like to express my thanks to my fellow Trustees for giving their time and their expertise and support to both the Charity and to me over the last 12 months. It was with great sadness that the Board
were informed of the passing of one of our longest standing Trustees, John Hatchard in January of this year. John was a much loved and valued member of the Board and we miss him. In March of this year we also bid a farewell to Simon Farrow, who decided to step away from the Charity having served as a Trustee for over 10 years. We thank him for all of his support as the Finance Trustee and one time Chair of Trustees.
With some large projects behind us, we have yet more ahead. We anticipate opening a further Supported Living house in Southbourne in January 2026 and we look forward to welcoming new residents in the New Year. We are also working on additional day service opportunities and facilities for our clients and we are all looking forward to some exciting projects ahead.
Sue Perry Chair of Trustees
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Welcome from the Chief Executive
Jane E Smith
My first full year as Chief Executive has been a wonderfully positive and rewarding one, and I have had the privilege of leading the Trust through a period of change that saw improvements to
staff pay and conditions, a rebrand, the start of a major refurbishment of our main day services site at The Stables in Bisterne, Ringwood and further improvements to our day services site in Southbourne.
We have managed our finances well this year despite the ongoing pressure from rising costs of utilities and the cost of living in general. We know that there will be even further pressure on budgets in the financial year 2025-2026 due to the expected increases in the National Living Wage and Employer’s National Insurance contributions, however with a continuing cautious and sensible approach to how we manage our finances and prioritise spending I am confident that we will remain financially strong and viable.
I held three staff conferences in June 2024, which brought teams from across the Trust together to work collaboratively on our rebrand and developing our organisational culture to ensure that the it truly reflects our vision and values. I am very proud that so many of our team participated in the conferences and embraced the purpose behind them. It has been amazing to see the improvement in the culture across the whole organisation with staff reporting that they feel so much more valued and involved and, because of the improvement in the way information is communicated down from a senior level, they also feel much more informed and have a better understanding of how and why decisions are made.
Bringing people together from the different teams has also helped improve awareness and understanding of our services for all staff, and is helping embed the ‘whole organisation’ approach that I believe is essential for achieving our long term plans.
The commitment of our staff team to supporting our service users to live their most independent and rewarding lives,
and their dedication to ensuring that our services are delivered to the very highest standards and in line with our core values is inspiring. My commitment to them, and to our service users, is to continue to invest in our services and our team to ensure that everyone involved with the Trust has the best experiences that we can offer.
This Annual Report shares the story of our progress in the last year and sets out our plans for the next year – I hope you find it as interesting to read as it has been creating it!
Jane E Smith Chief Executive
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Our Story This Year
Report of the Trustees including Strategic Report
Mission Statement
Our Values:
People are the foundation of our society and we believe that everyone has a role to play in its success, and our commitment is to support people with learning disabilities to be recognised for their contribution.
Vision
Our vision is a world where people with a learning disability have the same rights as everyone else, have 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 as they can.
We believe that every person who uses our services should be supported to achieve their ambitions in a way that celebrates their individuality and uniqueness. Our personcentred approach is inclusive of all and gives our service users the skills and confidence to be ambitious and participate in new opportunities that broaden and enhance their lives.
Our core values and shared objectives are rooted in our belief that every person we support is a valuable member of our society and are equal to everyone else within it.
Choice
Giving everyone the information they need to make good choices.
Collaboration
With our communities to increase participation and achievement.
Respect
An environment where everyone is seen, heard and valued.
Safety
Safe services run by safe people in an environment where everyone is able to speak out without fear.
Trust
Embracing accountability, honesty and openness at every level across the organisation.
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Our Impact
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Priorities
Our main priority is to support adults with learning disabilities to gain skills that enable them to live as independently as they can, and our programmes of activity provide a wide range of experiences and opportunities that help build people’s confidence and skills, enabling them to live the life they choose and to participate within their local communities. We place a huge emphasis on good health promotion or our service users, as the inequalities in healthcare for people with a learning disability compared to people without a learning disability are well documented.
The 2022 LeDeR report that was published in 2023 shows that the median age at death for people with a learning disability is 63 compared to a median age of 86 for women and 82 for men in the general population of England and Wales who do not have a learning disability. The report also shows that 42% of deaths of people with a learning disability were avoidable, if they had access to high quality health care.
There are many barriers facing people with learning disabilities in accessing high quality healthcare including:
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» Medical staff having insufficient knowledge and understanding of learning disabilities
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» Failure to recognise when a person with a learning disability is unwell
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» Incorrect diagnosis for a person with a learning disability
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» Families and carers of people with learning disabilities not being allowed to be involved in their medical care
As well as supporting our service users and their families and carers to better understand the importance of healthy lifestyles and engage in healthy activities that promote better physical and mental health, we also advocate for our service users with medical professionals to ensure that they have the full history of the person to help inform the right type of medical intervention and treatment.
Activities
One of the most inspiring things about our service users is their genuine love of the activities that we offer. The incredible creative skills and talent that so many of them have along with the attention to detail that so many of them give to their crafting, pottery and woodwork is wonderful to see.
It is with great pride that many of the items handcrafted in our studios by our service users find their way into our retail outlets and into the homes of very happy customers!
One of our most popular activities is our cookery programme ‘From the Garden to the Table’, which enables our service users to be involved in growing healthy foodstuff and then harvesting it and creating healthy, tasty meals, all of which supports our improving health outcomes priority for our service users.
Our outdoor activities, which include cycling, swimming, walking, and games such as cricket and rounders, are also immensely popular and contribute towards weight loss and improved physical strength.
Our Music and Dance activities are well-attended and seeing how performing arts increases confidence, coordination, team building is so extremely rewarding. At our Christmas event at The Stables in December 2024 our service users treated everyone to an amazing performance of The Grinch, with service users taking part who had
previously never performed in front of an audience!
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Our Services
Day Services
We offer a comprehensive programme of skills-based activities that enable our service users to develop their confidence, learn new skills, and participate in new opportunities that broaden their life experience. The activities encourage them to support their peers and build positive relationships that help them feel included and valued.
In August 2024 we made some changes to our day services site in Southbourne, now called The Bradbury Centre to recognise the significant financial contribution from The Bradbury Foundation. We redesigned the retail area and although we still have our retail operation there – Emporium@55 – the area is now smaller and our focus is on selling handcrafted items made by our service users in our studios, alongside other beautiful handcrafted items made by local artists who support the work of the Trust.
The Stables , where the Trust originally began, has had a remarkably successful year with attendance increasing through improved partnerships with local colleges. We have seen an increase in younger adults attending and enjoying participating in the wide range of activities on offer including arts & craft,
music and dance, pottery, woodwork, cookery, and horticulture. We are so fortunate to have the most beautiful outdoor spaces, and the refurbishment of the ground floor of the old stables building that started in October 2024, will mean that our service users have access to a refreshed and modern space to use in the future. We hope the refurbishment will be complete by early 2026, and this will include a new main entrance and modern reception/welcome area so that people are greeted and welcomed in a space that says, ‘We care about you’.
Our Gifted Café & Garden Centre continues to thrive and enjoys regular support from local Highcliffe residents as well as from people who travel from further afield to enjoy the welcoming atmosphere of out café and the company of our service users. Our service users help take care of the plants and the retail areas and also participate in growing many of the plants that we sell in the garden centre. Horticulture is part of the Trust’s history and provides wonderful opportunities for our service users to engage with the outdoors and gives the better understanding of the vital importance of that so many of our plant species and insects play in preserving our natural world.
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Service User Stories
Meet Kieran
Kieran is a young man who attends Gifted three days a week. A quiet and reserved individual, he can be at risk from self-isolating behaviours, which if he spends too much time alone can increase and negatively impact his mental health. Gifted has provided Kieran with the opportunity to engage in meaningful work in a safe and supportive environment. From being a reserved, and at times anxious person, we have seen him thrive through his work in the café serving customers and enjoying taking care of the plants. Kieran is extremely hardworking and focused, with a hint of cheekiness, and has built positive relationships with other service users.
Kieran’s skills with numeracy, money work, and communication have all developed through working in the café, and he has also benefited from the therapeutic activities on offer.
The environment at Gifted provides him with the opportunity to engage with the community whilst feeling safe and accepted. Although Kieran continues to experience ups and downs with his mental health, the variety of activities he is involved with at Gifted are helping him to overcome his insecurities. He takes all his responsibilities seriously and leaves each day with a sense of achievement and self-worth.
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Service User Stories
Meet Pete
Pete is a 61 year old man with many vulnerabilities and complex needs. He lives alone in the community and although he receives some support at home, he finds it difficult to have people in his home, so he often will not let the carers in. He is frequently rejected by other people in the community because they do not understand him, and he has been subject to years of taunting and abuse by young people in the town. He is desperate for friendship and coming to The Stables Day Services every day is his lifeline, a place where is accepted, included, respected and feels safe, and where he now has many friends.
Pete is a talented potter, and also loves helping in the gardens and helping the staff with daily tasks such as emptying the rubbish bins.
Over the last 12 months we been working on an outcome wheel with him, which covers independence, wellbeing, confidence, and his aspirations and this has helped him immensely as he can now articulate what he wants and has developed a better understanding of the importance of self-care. He is always willing to learn new skills and enjoys sharing his new knowledge with his friends at The Stables. Pete has an older brother, and he sent this message:
“
I don’t know how you do it but your bond with my brother is incredible. We cannot thank you enough for the time you take with him daily to listen to him and help him, we were so pleased to see he is still enjoying his pottery and making such amazing things for the shop. Thank you for showing us the studio and his work. We really do appreciate all you and your team do to support him.”
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Residential Living Service
Meet Jo
Jo has lived in the residential flat for over 20 years now and shares her home with seven other residents, some of whom have also lived in the flat for over 20 years alongside her and there is a real sense of family between them all. The Covid 19 lockdown had a hugely negative impact on Jo’s mental and physical well-being. Prior to the lock down she would regularly spend quality time with her family with frequent planned mini breaks away, and she was always active and had a zest for life.
Like so many others, when we emerged from the lockdown, Jo had lost her confidence, which resulted in her not wanting to participate in her hobbies and interests that she used to so enjoy prior to the lockdown. Her confidence around her mobility had also decreased, and she was very reluctant to engage with any physical activities. Jo had lost some of her sparkle and her zest for life.
The staff team worked consistently with Jo to slowly rebuild her confidence, setting small goals, taking one day at a time. She was supported to increase her physical activity, initially with basic chair exercises and chair yoga to help build her stamina and strength. Once Jo had re-engaged with physical activities she was supported to buy a wheeled trolley to reduce the reliance of staff when mobilising, and this gave her a much needed boost of confidence.
In the last few years Jo has fully regained her confidence and is back to herself with an enthused zest for life. She is excited to wake up in the mornings and looks forward to every day. She now plans one week in advance the activities she wants to engage with and what new places of interest she would like to visit. She has visited zoological parks, wildlife sanctuaries, farms, and the Heavy Horse Centre. She loves a garden centre, going to the cinema, going bowling, shopping, and walking on the beach. She enjoys having her nails done at a local nail bar, and loves a sing- a- long in her room, in the car, on her own and with staff and peers.
Her increased physical activity ignited a desire to improve her physical well-being too and the team has supported her to make better and more informed choices around what she eats and have supported her with positive planned weight loss. Jo has now reached her target and remains actively involved in menu planning to ensure that she remains healthier.
Jo maintains regular contact with her family and enjoys mini breaks and overnight stays with them. Jo now has an I-Pad and is now able to use this independently of staff to FaceTime her family in between visits.
There is no stopping Jo - she is an inspiration to all her peers at The Stable Family Home Trust.
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Supported Living Service
Meet Katie
Our seven supported living homes in Southbourne are home to 45 people and each of them has a personalised support plan that sets out what they need to be able to live their lives to the full, with as much independence and choice as possible. Although residents share their home, they all have their own private space and live their own lives, but they also enjoy coming together to celebrate special occasions such as their birthdays, Christmas and other days that are important to them. We also support them to engage in activities that are normally out of their reach (see Meet Katie to the right).
Katie lives in one of our Supported Living homes and enjoys socialising. When the opportunity arose for her to attend our Wonder Ball fundraising event at The Marriott Hotel in Bournemouth in November 2024, Katie was really excited and determined to go. The team supported her to purchase her ticket and complete the dietary requirement sheet and return it to the organiser. Katie wanted to make sure she looked her best for the evening and wanted to purchase a new dress and some hair straighteners so she could style her hair herself. She asked staff to help her with this as she has mobility issues and finds crowded places, such as a shopping centre, quite a challenge.
Our team of dedicated support workers ensure that the homes are maintained to the highest standards of cleanliness, supporting residents to manage their own private space but to also take pride in their shared areas.
In the 2025-26 financial year we are planning to start the refurbishment of a property owned by the Trust in Southbourne that has been stood empty for several years to provide another supported living home for seven adults with learning disabilities.
The staff thought that this presented a perfect opportunity for Katie to spend some quality time with her mum. And mum was delighted to be involved and took Katie into town and helped her choose and buy a new dress and accessories. They had a wonderful day out together and both felt invigorated by the experience.
Katie went to the Ball looking beautiful and had the most wonderful evening, enjoying the company of her housemates who also attended, the lovely food, the fun of all the games and the auctions and most of all the dancing! She is planning to attend again next year.
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Volunteers and Fundraising
Volunteers
Fundraising
We are extremely fortunate to have so many volunteers who give countless hours of their time to supporting our service delivery and our service users. This year we have benefited from 1,520 hours of volunteering support in our services, and our fundraising events have benefited from 28 hours of volunteering from friends and family members of staff and services users, and 16 hours from the local Freemasons, Lions Club and Rotary Club to help us set up for our two main outdoor summer events at The Stables.
Gifted and The Stables have both benefited from corporate volunteers who helped with clearing outdoor areas and decorating indoor areas.
We are truly grateful to everyone who has volunteered for us in the last year.
Our Fundraising team has been very busy this year with four very successful events - The Dragon Boat Challenge at Poole Park, Country Summer Fayre and Summer Soul Party (both held in our beautiful gardens at The Stables) and our Wonder Ball held at The Marriott Hotel in Bournemouth. All very popular events that we hope to repeat in the new financial year.
We have also received financial support from twenty grant-giving organisations to help with our core running costs and specific projects, and have benefited from fundraising activities run by other organisations on our behalf.
We are extremely grateful to all the organisations who have supported us financially this year as it is helps us to continue doing our vital work.
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Looking Forward to 2026-27
Continuing to invest in our day services sites and programme remains a key priority for the new financial year. The work at The Stables that started in October 2024 is making good progress as we end this current financial year and we are looking forward to seeing the end result, which we have achieved as a result of a significant investment by the Trust and through the extremely generous contributions from a number of grant-giving organisations. The work on the refurbishment of our eighth supported living home will commence and hopefully be completed within the year. We are continuing to invest in our staff with more training and development opportunities planned, and we intend to develop a Wellbeing Strategy to further improve how we care for and reward our staff team.
The Trust is also intending to try and achieve an Investors in People (IIP) accreditation. IIP is a well-known and trusted brand that is focused on how an organisation invests in, recognises and rewards its staff, and achieving an IIP accreditation will help demonstrate to our staff and supporters, and to people who may seek employment with us, that we are truly invested in our staff team and our organisational values.
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Report from the Trustees
For the year ended 31 March 2025
The Trustees present their report and the audited financial statements of the Charity for the year ended 31 March 2025. 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 the 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 Practices 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.
Governance Structure
The Stable Family Home Trust is a registered Charity and a Company Limited by Guarantee, incorporated respectively on 22nd April 2002 and 3rd September2022. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association.
Charity number: 1093672 Company number: 04421606
Charitable Objectives & Public Benefit
Our Charitable Objectives are:
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The provision of care, support and accommodation to adults with learning disabilities that facilitate independent living.
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To increase the skills, confidence and selfesteem of adults with learning disabilities to enable them to live more fulfilling, independent lives.
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To provide learning and development opportunities that will support adults with learning to access future paid employment and other meaningful occupation.
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To support adults with learning disabilities to lead ordinary lives as valued citizens within their local communities.
The Trustees have a duty to report on the public benefit from the work of the charity and should demonstrate that:
1. There is an identifiable benefit and;
- The benefit is to the public or a section of the public.
Our Trustees confirm that in the review of its objectives, activities and Organisational Strategy, due regard has been given to Charity Commission guidance. All of our work is undertaken with the sole aim of supporting our service users (beneficiaries), and no private benefit is derived from the activities of the charity by the Trustees or parties related to them.
The charity remains committed to establishing and maintaining strong community relations and active engagement with local communities to mutual benefit.
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Board of Trustees
Our Board of Trustees has overall responsibility for the strategic direction of the Trust, its finances, and its policies to ensure that all of the charity’s legal responsibilities in relation to Data Protection, Equality, Diversity & Inclusion, Health and Safety, Recruitment and Safeguarding are met. The Board is also responsible for ensuring that the Trust is well-led, appropriately resourced and is delivering against all charitable objectives and strategic aims and objectives.
In the current year we have had 10 Trustees who each bring experience, knowledge and skills that are relevant to the work of the charity. They meet as a Board on a quarterly basis and also share the responsibility for the Property and Finance subcommittees. Trustees are regularly updated about the practical work of the charity through presentations from Heads of Service and Service Managers at their Board meetings. They also receive reports relating to Complaints, Health & Safety, Accidents, Incidents & Near Misses, and Safeguarding, along with information pertaining to staff recruitment and retention, and sickness absence levels, along with updates from Managers about the performance of each area of service delivery on a quarterly basis.
No Trustee has any financial interest in the charity and none are remunerated, except for the reimbursement of what is considered to be reasonable and necessary expenses. Two Trustees have a family member currently using the charity’s services.
Trustees normally serve for six years. Of the current Trustees three have served for more than six years. One of these long-serving Trustees has an adult son who lives in our Supported Living Service, and he remains very committed to supporting the Trust. One our long standing Trustees sadly passed away in January 2025. The other long serving Trustee resigned at the Board meeting in March 2025.
The Board of Trustees appoints the Chief Executive, who is accountable to the Board for the day to day delivery of the charity’s work, the implementation of the Organisational Strategy approved by the Board, the achievement of targets identified in the charity’s Business Plan and for ensuring that the charity’s policies and procedures are implemented and adhered to by the staff team.
The Chief Executive, with support from the Senior Leadership team, is responsible and accountable for ensuring that the charity delivers the services specified, that organisational targets are met and that the staff team has the necessary resources, skills, and knowledge to deliver our services safely.
Risk Management
The Board of Trustees is ultimately responsible for risk management and take a proactive approach to identifying current and potential risks to ensure that there are effective systems and procedures in place to mitigate any potential harm to the charity from these risks. There are always unknown risks, and these cannot necessarily be planned for in advance because of the speed in which they sometimes occur, however the Trustees take a careful but positive approach to managing risks and remain prepared to act quickly to respond to new risks. The Trustees have a positive risk-taking approach in relation to how the work of the Trust develops, to ensure that we continue to grow our service provision and remain in a position to continue meeting the needs of our service users.
The Trustees keep a Risk Register that identifies a wide range of risks and the impact these could have on the work of the Trust. For each risk identified, the likelihood and the impact are scored, giving an overall risk score for which mitigation is identified. Those risks that still have a high score, despite any mitigation, are reviewed at each Board meeting to ensure that any action that can be taken to further mitigate the risk is identified and undertaken. The Risk Register is reviewed at each board meeting and after any incident within the Trust that causes concern.
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Board of Trustees
Key Risks Impact No increase or reduction in local authority funding streams for adult social care and Potential reduction or closure of services supported living Further increases to the National Living Wage Impact on budget and Employer’s National Insurance contributions Inability to deliver support to service users Inability to recruit skilled and experienced staff
Inability to deliver support to service users at the levels and standards expected
How we mitigate these risks:
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» We have been in consultation with local authorities and there is recognition that an uplift is due.
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» We have tested the proposed increase to the National Living Wage from April 2026 in our budgeting and we are in a position to meet this increase.
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» We have been using different recruitment platforms and have seen good results in recruitment.
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:
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» Act in the best interest of their charity and its beneficiaries
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» Safeguard the assets of their charity
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» Ensure their charity is accountable
There is no set single level or a range of reserves 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.
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Board of Trustees
The amount of reserves that the Trustees have agreed is based on:
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» The forecast for levels of expected income for the year, and future years, taking into account the reliability of each source of income and any prospects identified to achieve new sources of income
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» The forecast for expenditure in the current and future financial years, based on the Trust’s planned activities
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» An analysis of future needs, potential opportunities for growth and any risks, where future income alone may fall short of the levels of funding required to meet anticipated costs
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» Their assessment of the likelihood of any shortfall arising, based on the best evidence available at the time of setting the annual budget, that makes reserves necessary
The Board of Trustees has determined that the level of free cash reserves held by the charity should not normally fall below two months’ total unrestricted operating costs. This policy is reviewed annually.
Quality & Compliance Monitoring
The charity measures the quality of its services in a number of ways:
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» Through inspections carried out by the Care Quality Commission (CQC) for Supported Living and Residential accommodation
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» Through Trustee visits to our supported living and residential homes and day services Regular internal reviews
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» Contract and service delivery reviews with local authorities
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» Surveys with staff, service users and their families
Where the quality of our service delivery does not meet the standards expected we develop an Action Plan that sets out what must be done to achieve the required improvement, who is responsible and the date by when they must be achieved.
As of 31[st] March 2025 the free reserves held by the Trust was £115,136 (2024 - £93,388), which is below two months’ operating costs. This calculation of free reserves is based on the statutory requirement to include a deduction for long term Bank loan liabilities. The Board of Trustees is comfortable that cash holdings less current liabilities represents a better basis for managing financial risk, and on this basis free reserves are adequate.
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Board of Trustees
Equality, Diversity & Inclusion
We are committed to achieving equality of opportunity and inclusivity for everyone who comes into contact with our services, regardless of ability, ethnicity, gender, race, religious belief, sexual orientation, or any other protected characteristic.
Our services are open to all adults with learning disabilities regardless of ability, ethnicity, gender, race, religious belief, sexual orientation, or any other protected characteristic.
Our recruitment practices for staff, volunteers and Trustees welcomes applications from people regardless of ability, ethnicity, gender, race, religious belief, sexual orientation, or any other protected characteristic.
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 salaries that are comparable to other similar organisations for similar roles.
The charity sector is becoming increasingly competitive in relation to fundraising, accessing local authority and other government funding streams and recruiting appropriately 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 care organisation through increasingly challenging times, our senior managers also have the business acumen to develop services that remain viable and accessible and navigate complex and challenging financial situations. 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.
All staff have an Annual Performance Review to provide them with the opportunity to reflect on their year and identify successes, areas for improvement and training needs, and these are used to set their targets for the next year.
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Trustee’s 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 Charity’s Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:
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» Select suitable accounting policies and then apply them consistently;
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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 followed, subject to any material departures disclosed and explained in the financial statements; and
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» Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and 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.
Stable Family Home Trust Annual Report 2024 - 2025 | 21
Finance
Most of our service users are funded by various local authorities and local Clinical Commissioning Groups (CCGs), with a few who are self-funding. Many now have Direct Payments which gives them greater choice over which services they use. We have received some fee increases from local authorities but with the concerns about potential further increases in the National Living Wage and Employer National Insurance contributions our financial situation remains tight.
We have started the refurbishment of a property owned by the Trust that has been unused for several years to provide a further seven bed supported living home, with the aim of this becoming available from January 2026, increasing income through care fees and rent.
We will continue to set aside money each month to ensure we are able to maintain our properties to the standard we expect.
Donations and Fundraising
We are extremely grateful for all donations that were received during the year ended 31 March 2025 and we greatly appreciate the participation and interest of all those organisations and individuals who have supported the Trust throughout the year.
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 our service users.
Financial Performance Review
The year to 31 March 2025 produced overall Net Income for the Year of £493k (2024 - £646k). If income and expenditure on specific designated and restricted projects is excluded, then the underlying operating performance of the charity produced Net Income for the Year of £154k (2024 - £172k).
While income from Local Authorities and families increased by 7.5% in the year to £3,584k, income from Donations & Legacies fell 55% to £309k. In the year, income from Local Authorities & families accounted for 89% of total income (2024 – 81%).
In the year to 31 March 2025, 71% of total operating expenditure related to staff costs (2024 – 68%). Staff costs remain the single highest overhead category.
The Board of Trustees considers the performance for the year to be satisfactory, and the financial security of the charity remains strong.
Restricted, Designated, General Income and Reserves
The funds raised by the charity are classified as either Restricted, Designated or General. The financial statements disclose amounts for each category. An explanation of each category is as follows:
Restricted Funds – These are funds raised from donors that must be spent on specific projects. These projects are itemised in the financial statements.
Designated Funds – These are funds that have been set aside by the Trustees for specific projects to ensure the continuity of the charity’s operations.
General Funds – These are unrestricted funds raised either via the charity’s operations or through fundraising, which can provide a safeguard against uncertain future income streams.
Stable Family Home Trust Annual Report 2024 - 2025 | 22
Finance
Funding
The charity only access third-party longterm debt or grants to finance property acquisition or major refurbishment projects. As at 31 March 2025 there was one Bank Loan outstanding of £692k (2024 - £700k) relating to a property purchase.
Cash position
The charity maintains readily accessible cash reserves to meet its Reserves policy. The required level of cash reserves is after taking into account committed but unspent amounts due for designated or restricted projects. The charity forecasts ahead on a periodic basis to ensure cash reserves are expected to remain at an acceptable level.
Current outlook
The current forecast for the year to 31 March 2026 indicates Net Income of around £100k (2025 - £154k). The charity has faced increased National Insurance costs in the current year, with Staff costs being the single largest overhead category. A new Supported Living home is due to be opened in the last quarter of the current financial year, which will have a beneficial impact on overall performance.
Free cash reserves are currently in line with the reserves policy, and the financial stability of the charity remains strong.
Signed:
Donations & Legacies for the year ended 31 March 2025
David Haikney for and on behalf of the Stable Family Home Trust’s Board of Trustees
Date: 1[st] December 2025
Unrestricted 50.08% Restricted 49.92%
Stable Family Home Trust Annual Report 2024 - 2025 | 23
Independent Auditors Report
to the Members of The Stable Family Home Trust
(Company limited by guarantee and not having a share capital)
Opinion
We have audited the financial statements of The Stable Family Home Trust for the year ended 31 March 2025, which comprise the Statement of Financial Activities, Balance Sheet, Cashflow Statement and the related notes. 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 to 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 as at 31 March 2025, and of its income and expenditure for the year then ended;
Basis of 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 Charity 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
In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company’s ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
-
» Have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-
» Have been prepared in accordance with the requirements of the Companies Act 2006.
Stable Family Home Trust Annual Report 2024 - 2025 | 24
Independent Auditors Report
to the Members of The Stable Family Home Trust
Other information
The trustees are responsible for the other information. The other information comprises the information included in the annual report other than the financial statements and our auditor’s report thereon. 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.
Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:
-
» the company has not kept adequate and sufficient accounting records, or returns adequate for our audit have not been received from branches not visited by us; or
-
» the company’s financial statements are not in agreement with the accounting records and returns; or
-
» certain disclosures of Trustees’ remuneration specified by law are not made; or
-
» we have not received all the information and explanations we require for our audit; or
-
» the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies exemption in preparing the Trustees’ Annual Report and take advantage of the small companies exemption from the requirement to prepare a strategic report.
We have nothing to report in this regard.
~~UN~~ Stable Family Home Trust Annual Report 2024 - 2025 | 25
Independent Auditors Report
to the Members of The Stable Family Home Trust
Responsibilities of Trustees
As explained more fully in the Statement of Trustees’ Responsibilities, the Trustees (who are also directors of the charitable company for the purposes of company law and trustees of the charity for the purposes of charity law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
Auditor’s responsibilities for the audit of the financial statements
We have been appointed as auditor under the Companies Act 2006 and report in accordance with the Act and relevant regulations made or having effect thereunder.
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 an auditor’s report 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.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
-
» The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations.
-
» We identified the laws and regulations applicable to the charitable company through discussions with trustees and other management and we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence.
-
» We assessed the susceptibility of the charitable company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud and considering the internal controls in place to mitigate risks of fraud and noncompliance with laws and regulations.
-
» To address the risk of fraud through management bias and override of controls, we performed analytical procedures to identify any unusual or unexpected relationships, tested journal entries to identify unusual transactions and investigated the rationale behind significant or unusual transactions.
In response to the risk of irregularities and noncompliance with laws and regulations, we designed procedures which included, but were not limited to:
-
» agreeing financial statement disclosures to underlying supporting documentation;
-
» reading the minutes of meetings of those charged with governance; and
-
» enquiring of management as to actual and potential litigation and claims
Stable Family Home Trust Annual Report 2024 - 2025 | 26
Independent Auditors Report
to the Members of The Stable Family Home Trust
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify noncompliance with laws and regulations to enquiry of the trustees and other management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: https://www.frc.org.uk/ auditorsresponsibilities. This description forms part of our auditor’s report.
Knight Goodhead Limited is eligible for appointment as auditor of the charitable company by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.
Use of our report
This report is made solely to the charitable company’s trustees, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members 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’s members as a body for our audit work, for this report,
or for other opinions we have formed.
Signed:
C J Goodhead, FCA
Senior Statutory Auditor Knight Goodhead Ltd Chartered Accountants and Statutory Auditors 7, Bournemouth Road, Chandlers Ford, Eastleigh, Hampshire, SO53 3DA
Date: 5[th] December 2025
Stable Family Home Trust Annual Report 2024 - 2025 | 27
Stable Family Home Trust Annual Report 2024 - 2025 | 28
The Stable Family Home Trust
Statement of Financial Activities for the Year Ended 31 March 2025 (including Income and expenditure account)
| Unrestricted | Unrestricted | 2025 | 2024 | |||
|---|---|---|---|---|---|---|
| General | Designated | Restricted | Total | Total | ||
| funds | funds | funds | funds | funds | ||
| Notes | £ | £ | £ | £ | £ | |
| INCOME | ||||||
| Donations and legacies | 3 | 57,941 | - | 250,900 | 308,841 | 684,791 |
| Charitable activities | 4 | 3,535,206 | 48,668 | - | 3,583,874 | 3,335,200 |
| Other trading activities | 5 | 96,191 | - | 150 | 96,341 | 75,022 |
| Investment income | 6 | 24,534 | - | - | 24,534 | 13,216 |
| Other income | 7 | 8,572 ~~a~~ |
12,480 ~~a~~ |
- ~~a~~ |
21,052 ~~a~~ |
29,973 ~~a~~ |
| TOTAL INCOME EXPENDITURE |
3,722,444 61,148 251,050 4,034,642 4,138,202 ~~—~~ |
|||||
| Raising funds | 9 | (137,707) | - | (222) | (137,929) | (138,254) |
| Charitable activities TOTAL EXPENDITURE |
10, 11 | (3,263,443) (57,973) (82,165) (3,403,581) (3,353,148) (3,401,150) (57,973) (82,387) (3,541,510) (3,491,402) ~~—_~~ |
||||
| NET INCOME FOR THE YEAR | 321,294 | 3,175 | 168,663 | 493,132 | 646,800 | |
| Transfers between funds | (167,786) | 165,816 | 1,970 | - | - | |
| NET MOVEMENT IN FUNDS FOR THE YEAR | 153,508 | 168,991 | 170,633 | 493,132 | 646,800 | |
| FUNDS AT 1 APRIL 2024 | 2,856,021 | 34,392 | 2,829,755 | 5,720,168 | 5,073,368 | |
| FUNDS AT 31 MARCH 2025 | 3,009,529 | 203,383 | 3,000,388 | 6,213,300 | 5,720,168 |
All of the above results are derived from continuing activities.
There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in notes 21 and 22 to the financial statements.
Stable Family Home Trust Annual Report 2024 - 2025 | 29
The Stable Family Home Trust
Balance Sheet as at 31 March 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible assets | 16 | 5,640,762 | 5,548,570 | ||
| CURRENT ASSETS | |||||
| Stock | 17 | 3,555 | 3,624 | ||
| Debtors | 18 | 258,583 | 390,307 | ||
| Cash at bank and in hand | 1,140,450 ~~a~~ |
1,097,996 | |||
| CREDITORS: amounts falling due within one year | 19 | 1,402,588 1,491,927 (151,020) (627,674) ~~ee~~ |
|||
| NET CURRENT ASSETS | 1,251,568 | 864,253 | |||
| CREDITORS: amounts falling due in more than one year | 20 | (679,030) | (692,655) | ||
| NET ASSETS | 6,213,300 | 5,720,168 | |||
| FUNDS | |||||
| Restricted funds | 3,000,388 | 2,829,755 | |||
| Unrestricted funds | |||||
| General reserve fund | 3,009,529 | 2,856,021 | |||
| Designated funds | 203,383 | 34,392 | |||
| TOTAL FUNDS | 6,213,300 | 5,720,168 |
The accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by the Trustees on 1[st] December 2025 and signed on their behalf by David Haikney.
Trustee DK OrAn—
Company number: 04421606
Stable Family Home Trust Annual Report 2024 - 2025 | 30
The Stable Family Home Trust
Cashflow Statement for the year ended 31 March 2025
| 2025 | 2024 | |||
|---|---|---|---|---|
| Notes | £ | £ | ||
| NET CASH FLOW PROVIDED BY OPERATING ACTIVITIES | NET CASH FLOW PROVIDED BY OPERATING ACTIVITIES | 1 | 333,694 | 1,258,130 |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||||
| Payments to repay loan finance | (62,408) | (54,710) | ||
| Fixed asset additions | (253,365) | (760,646) | ||
| Proceeds on sale of tangible fixed assets | - | 40,253 | ||
| Interest receivable | 24,534 | 13,216 | ||
| NET CASH FLOW | NET CASH FLOW | 42,455 | 496,243 | |
| Change in cash and cash equivalents in the period | 42,455 | 496,243 | ||
| Cash and cash equivalent at start of the period | 1,097,996 | 601,753 | ||
| Cash and cash equivalents at the end of the period | 2 | 1,140,450 | 1,097,996 | |
| NOTES TO THE CASHFLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025 | ||||
| 1 | RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES | RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES | ||
| 2025 | 2024 | |||
| £ | £ | |||
| Net movement in funds for the period | 493,132 | 646,800 | ||
| Interest received | (24,534) | (13,216) | ||
| Interest paid | 54,743 | 54,710 | ||
| Loss on disposals | 70,005 | 32,937 | ||
| Depreciation | 91,169 | 91,879 | ||
| Decrease/(increase) in stocks | 69 | (2,789) | ||
| Decrease/(increase) in debtors | 131,724 | (87,938) | ||
| Increase/(decrease) in creditors | (482,614) | 535,747 | ||
| Net cash flow from operating activities | 333,694 | 1,258,130 |
| 2 | ANALYSIS OF CASH AND CASH EQUIVALENTS | |||
|---|---|---|---|---|
| 2025 | 2024 | |||
| £ | £ | |||
| Cash at bank and in hand | 1,140,450 | 1,097,996 | ||
| 3 | ANALYSIS OF CHANGES IN NET DEBT | At | At | |
| 31 March 2024 | Cash flows | 31 March 2025 | ||
| Cash at bank and in hand | 1,097,996 | 42,454 | 1,140,450 | |
| Debt due within one year | (7,345) | (5,960) | (13,305) | |
| Debt due after one year | (692,655) | 13,625 | (679,030) | |
| 397,996 | 50,119 | 448,115 |
Stable Family Home Trust Annual Report 2024 - 2025 | 31
The Stable Family Home Trust
Notes to the Accounts for the year ended 31 March 2025
1 ACCOUNTING POLICIES
A summary of the principal accounting policies adopted, which have been applied consistently, are set out below:
1.1 Accounting convention
1 ACCOUNTING POLICIES (CONTINUED)
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.
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 2019)', 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.
1.6 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.
1.2 Income
1.7 Redundancy and termination payments
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
-
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
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 the term of the lease Building improvements 1% per year Fixtures and fittings Straight line over 5 years Computer equipment Straight line over 5 years Motor vehicles Straight line over 4 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.
1.4 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.
1.9 Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Stable Family Home Trust Annual Report 2024 - 2025 | 32
The Stable Family Home Trust
Notes to the Accounts for the year ended 31 March 2025
1 ACCOUNTING POLICIES (CONTINUED)
1 ACCOUNTING POLICIES (CONTINUED)
1.10 Taxation
1.16 Provisions and accruals
The charity is exempt from corporation tax on its charitable activities.
1.11 Fund accounting
General funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the Trust.
Designated funds are funds which have been set aside at the discretion of the Trustees to help finance specific projects.
Restricted funds are funds subject to specific restrictive conditions imposed by donors or by the purpose of the appeal. Such donations and grants are treated as income in the year of receipt. Unspent restricted income is carried forward within restricted funds and spread over the life of the relevant asset or project.
All income and expenditure is shown in the Statement of Financial Activities.
1.12 Leases
The Trust enters into operating leases. Rental costs under operating leases is charged on a straight-line basis over the term, even if the payments are not made on such a basis.
1.13 Pension costs and other post-retirement benefits
The Trust provides pensions to its employees through a defined contribution group personal pension scheme. The assets of the scheme are held independently of the Trust by Friends Provident Corporate Pensions Limited.
Pension contributions are charged to the Statement of Financial Activities as they become payable in accordance with the rules of the scheme. Any difference between amounts charged to the Statement of Financial Activities and contributions paid are shown as a separately identified liability or asset in the balance sheet.
1.14 Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
1.15 Trade debtors
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.
2 STATEMENT OF FINANCIAL ACTIVITIES - COMPARATIVE FIGURES
| Unrestricted | Unrestricted | 2024 | 2023 | ||
|---|---|---|---|---|---|
| General | Designated | Restricted | Total | Total | |
| funds | funds | funds | funds | funds | |
| £ | £ | £ | £ | £ | |
| INCOME | |||||
| Donations and legacies | 63,287 | - | 621,504 | 684,791 | 1,744,938 |
| Charitable activities | 3,299,687 | - | 35,513 | 3,335,200 | 3,280,362 |
| Other trading activities | 75,022 | - | - | 75,022 | 55,051 |
| Investment income | 13,216 | - | - | 13,216 | 3,767 |
| Other income | 29,973 | - | - | 29,973 | 38,668 |
| TOTAL INCOME | 3,481,185 | - | 657,017 | 4,138,202 | 5,122,786 |
| EXPENDITURE | |||||
| Generating voluntary income | (138,254) | - | - | (138,254) | (78,728) |
| Charitable activities | (3,206,538) | (38,846) | (107,764) | (3,353,148) | (3,525,950) |
| TOTAL EXPENDITURE | (3,344,792) | (38,846) | (107,764) | (3,491,402) | (3,604,678) |
| NET INCOME/(EXPENDITURE) FOR THE | 136,393 | (38,846) | 549,253 | 646,800 | 1,518,108 |
| Transfers between funds | 35,611 | (35,611) | - | - | - |
| NET MOVEMENT IN FUNDS FOR THE YEAR | 172,004 | (74,457) | 549,253 | 646,800 | 1,518,108 |
| FUNDS AT 1 APRIL 2024 | 2,684,017 | 108,849 | 2,280,502 | 5,073,368 | 3,555,260 |
| FUNDS AT 31 MARCH 2025 | 2,856,021 | 34,392 | 2,829,755 | 5,720,168 | 5,073,368 |
Trade debtors are carried at original net invoice amount less an estimate for doubtful debtors. Bad debts are written off when identified. Specific provisions are made against debts whose recovery is considered doubtful.
Stable Family Home Trust Annual Report 2024 - 2025 | 33
The Stable Family Home Trust
Notes to the Accounts for the year ended 31 March 2025
| 3 | DONATIONS AND LEGACIES | ||||
|---|---|---|---|---|---|
| Restricted | Unrestricted | 2025 | 2024 | ||
| funds | funds | Total | Total | ||
| £ | £ | £ | £ | ||
| Donations In kind - Bisterne Estate | - | 20,000 | 20,000 | 20,000 | |
| TH Russell Charitable Trust | - | - | - | 10,894 | |
| The Boshier-Hinton Foundation | - | - | - | 2,000 | |
| Bradbury Centre (Forelle Estates) | - | - | - | 5,000 | |
| The Bradbury Foundation | - | - | - | 100,000 | |
| The Secretary of State For Levelling Up | - | - | - | 50,000 | |
| Anonymous/General Donations | 46,508 | 37,941 | 84,449 | 1,000 | |
| DLUHC | - | - | - | 250,000 | |
| Levelling Up | - | - | - | 3,000 | |
| The Bernard Sunley Foundation | - | - | - | 50,000 | |
| The Valentine Charitable Trust | - | - | - | 10,000 | |
| Levenes Solicitors | - | - | - | 3,981 | |
| The Souter Charitable Trust | - | - | - | 3,000 | |
| Oliver Ford Foundation | 10,000 | - | 10,000 | 10,000 | |
| EF & MG Hall Charitable Trust | - | - | - | 1,000 | |
| Falcon Retail | - | - | - | 1,000 | |
| The Webb Family Trust | - | - | - | 3,000 | |
| PGL Hants & IOW SW | - | - | - | 706 | |
| John Lewis Community Matters | - | - | - | 666 | |
| Charities Trust Nationwide | - | - | - | 10,000 | |
| MR Garland | - | - | - | 1,000 | |
| The Geoff & Fiona Scutro Foundation | - | - | - | 25,000 | |
| The Mrs Yvonne Flux Charitable Trust | 500 | - | 500 | 500 | |
| Forelle Estates | - | - | - | 1,000 | |
| The O'Sullivan Family Trust | - | - | - | 3,000 | |
| The Alice Ellen Cooper-Dean Charitable | |||||
| Foundation | 10,000 | - | 10,000 | 20,000 | |
| J & M Family Foundation | - | - | - | 90,480 | |
| Donations under £500 p | - | - | - | 8,564 | |
| Charity Bank Grant | 48,702 | - | 48,702 | - | |
| The Hospital Saturday Fund | 3,000 | - | 3,000 | - | |
| The Mark Benevolent Fund | 36,750 | - | 36,750 | - | |
| The Hobson Charity | 11,250 | - | 11,250 | - | |
| Mr Hallam Mills | 600 | - | 600 | - | |
| Samuel Coral | 1,590 | - | 1,590 | - | |
| The Tendril Trust | 2,000 | - | 2,000 | - | |
| The Burry Charitable Trust | 30,000 | - | 30,000 | - | |
| The Beatrice Laing Trust | 25,000 | - | 25,000 | - | |
| The Syder Foundation | 25,000 | - | 25,000 | - | |
| 250,900 | 57,941 | 308,841 | 684,791 |
| 4 | INCOME FROM CHARITABLE ACTIVITIES | ||||
|---|---|---|---|---|---|
| Restricted | Unrestricted | 2025 | 2024 | ||
| funds | funds | Total | Total | ||
| £ | £ | £ | £ | ||
| Local Authorities/Parents Fees | - | 2,913,572 | 2,913,572 | 2,677,068 | |
| Property rental income | - | 670,302 | 670,302 | 622,619 | |
| Fundraising - Charity Gala Ball | - | - | - | 35,513 | |
| - | 3,583,874 | 3,583,874 | 3,335,200 | ||
| 5 | OTHER TRADING ACTIVITIES | ||||
| Restricted | Unrestricted | 2025 | 2024 | ||
| funds | funds | Total | Total | ||
| £ | £ | £ | £ | ||
| The Bradbury Centre Sales | - | 2,194 | 2,194 | 20,623 | |
| Gifted sales | 150 | 19,512 | 19,662 | 18,744 | |
| Day service sales | - | 9,522 | 9,522 | 281 | |
| Fundraising events | - | 64,963 | 64,963 | 35,374 | |
| 150 | 96,191 | 96,341 | 75,022 | ||
| 6 | INVESTMENT INCOME | ||||
| Restricted | Unrestricted | 2025 | 2024 | ||
| funds | funds | Total | Total | ||
| £ | £ | £ | £ | ||
| Interest receivable | - | 24,534 | 24,534 | 13,216 | |
| - | 24,534 | 24,534 | 13,216 | ||
| 7 | OTHER INCOME | ||||
| Restricted | Unrestricted | 2025 | 2024 | ||
| funds | funds | Total | Total | ||
| £ | £ | £ | £ | ||
| Gift Aid | - | 1,211 | 1,211 | 8,826 | |
| Maintenance contributions | - | 12,480 | 12,480 | 12,000 | |
| Miscellaneous | - | 7,361 | 7,361 | 9,147 | |
| - | 21,052 | 21,052 | 29,973 |
Stable Family Home Trust Annual Report 2024 - 2025 | 34
The Stable Family Home Trust
Notes to the Accounts for the year ended 31 March 2025
| 8 | EXPENDITURE | |||||
|---|---|---|---|---|---|---|
| Notes | Restricted | Unrestricted | 2025 | 2024 | ||
| funds | funds | Total | Total | |||
| £ | £ | £ | £ | |||
| Raising Funds | ||||||
| Generating voluntary income | 9 | 222 | 137,707 | 137,929 | 138,254 | |
| Charitable Activities | ||||||
| Direct costs of the Charity | 10 | 82,165 | 3,306,816 | 3,388,981 | 3,330,982 | |
| Support costs | 11 | - | 14,600 | 14,600 | 22,166 | |
| 82,165 | 3,321,416 | 3,403,581 | 3,353,148 | |||
| 82,387 | 3,459,123 | 3,541,510 | 3,491,402 | |||
| Restricted | Unrestricted | 2025 | 2024 | |||
| funds | funds | Total | Total | |||
| £ | £ | £ | £ | |||
| 9 | RAISING FUNDS | |||||
| Staff costs | - | 98,845 | 98,845 | 85,771 | ||
| Other expenses | - | 30,967 | 30,967 | 28,447 | ||
| Bradbury Centre shop expenses | - | - | - | 17,238 | ||
| Gifted expenses | 222 | 7,895 | 8,117 | 6,798 | ||
| 222 | 137,707 | 137,929 | 138,254 |
| 10 | DIRECT COSTS OF THE CHARITY | ||||
|---|---|---|---|---|---|
| Restricted | Unrestricted | 2025 | 202 | ||
| funds | funds | Total | Tota | ||
| £ | £ | £ | |||
| Wages | - | 2,242,393 | 2,242,393 | 2,106,03 | |
| Social security | - | 193,914 | 193,914 | 183,18 | |
| Pensions | - | 67,991 | 67,991 | 66,31 | |
| Rent, rates and water | - | 55,234 | 55,234 | 97,94 | |
| Insurance | - | 93,658 | 93,658 | 88,85 | |
| Light and heat | - | 64,561 | 64,561 | 86,76 | |
| Telephone | - | 10,449 | 10,449 | 16,70 | |
| Health scheme | - | 20,433 | 20,433 | 19,95 | |
| Supported living running costs and sundries | - | 48,343 | 48,343 | 83,37 | |
| Quality assurance expenses | - | 3,737 | 3,737 | 3,56 | |
| Training | - | 13,899 | 13,899 | 15,35 | |
| Travel | - | 22,158 | 22,158 | 35,93 | |
| Repairs & renewals | - | 68,387 | 68,387 | 67,58 | |
| Administration | - | 3,031 | 3,031 | 8,57 | |
| Client activities | - | 7,529 | 7,529 | 13,43 | |
| Household running expenses | - | 21,230 | 21,230 | 19,60 | |
| Food expenses | - | 16,562 | 16,562 | 16,54 | |
| Garden | 2,155 | 2,626 | 4,781 | 5,76 | |
| IT | - | 28,187 | 28,187 | 53,13 | |
| Recruitment | - | 8,067 | 8,067 | 7,24 | |
| Nourish expenses | - | 9,632 | 9,632 | 12,29 | |
| Office costs/administration | - | 17,242 | 17,242 | 26,52 | |
| Staff Christmas party | - | 3,696 | 3,696 | 3,89 | |
| Meeting and training refreshments | - | 1,017 | 1,017 | 1,27 | |
| Bank charges | - | 3,715 | 3,715 | 1,98 | |
| Loan interest | - | 54,743 | 54,743 | 54,71 | |
| Consultancy fees | - | 6,333 | 6,333 | 20,91 | |
| Equipment hire | - | 12,105 | 12,105 | 12,01 | |
| Depreciation | 39,568 | 51,601 | 91,169 | 91,87 | |
| Loss on disposal of fixed assets | - | 70,005 | 70,005 | 32,93 | |
| Bad debts | - | - | - | 5,40 | |
| Watersreach maintenance | - | 6,130 | 6,130 | 7,32 | |
| Belle Vue Crescent maintenance | - | 8,187 | 8,187 | 8,344 | |
| Balance to next page | 41,723 | 3,236,795 | 3,278,518 | 3,275,367 |
Stable Family Home Trust Annual Report 2024 - 2025 | 35
The Stable Family Home Trust
Notes to the Accounts for the year ended 31 March 2025
| 10 | DIRECT COSTS OF THE CHARITY (continued) | 13 | TRUSTEES' REMUNERATION AND BENEFITS | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted | Unrestricted | 2025 | 2024 | |||||||||||
| There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024, other than those | ||||||||||||||
| funds | funds | Total | Total | mentioned in Note 23. | ||||||||||
| £ | £ | £ | £ | £ | ||||||||||
| Balance from previous page | 41,723 | 3,236,795 | 3,278,518 | 3,275,367 | Trustees' Expenses There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. |
|||||||||
| Merrivale maintenance | - | - | - | 129 | 14 | STAFF COSTS | ||||||||
| 169 Belle Vue Road maintenance | - | 6,317 | 6,317 | 3,906 | 2025 | 2024 | ||||||||
| Levelling up expenses | 1,419 | - | 1,419 | 48,580 | Employed staff costs were as follows: | £ | £ | |||||||
| Holiday home expenses | - | - | - | 3,000 | ||||||||||
| Cables from the Stables expenses | 900 | - | 900 | - | Salaries and wages | 2,341,238 | 2,182,460 | |||||||
| Charity Bank grant expenses | 3,702 | - | 3,702 | - | Social security costs | 193,914 | 189,798 | |||||||
| Capital appeal | - | - | 10 - |
(10) | - | Pension | 67,991 | 69,053 | ||||||
| Pottery roof kiln expenses | 382 | - | 382 | - | 2,603,143 | 2,441,311 | ||||||||
| Kingspark maintenance | - | 2,563 | 2,563 | - | One employee received remuneration (excluding employer pension costs) of between £80,000 - £90,000 during the year (2024: one employee | employee | ||||||||
| Hayes maintenance | - | 1,511 | 1,511 | - | received remuneration of between £60,000 - £70,000). | |||||||||
| Abbotsford maintenance | - | 1,437 | 1,437 | - | ||||||||||
| Subcontractor labour | - | 19,164 | 19,164 | - | The total amount of the employee benefits (including employer national insurance contributions) received by key management personnel for | their | ||||||||
| Evolve expenses | - | 13,507 | 13,507 | - | services was £525,118 (2024: £529,794). In addition, employer's pension contributions of £18,119 (2024: £18,970) were paid for the 12 (2024: 14) employees. | |||||||||
| Pinehaven expenses Rebranding expenses |
- - |
7,564 9,600 |
7,564 9,600 |
- - |
During the year, a total of £30,604 (2024: £Nil) was paid to two members of staff (2024: Nil) as redundancy payments. | |||||||||
| Hayes expenses | - | 1,502 | 1,502 | - | The average monthly number of employees during the year was as follows: | |||||||||
| Stables expenses | 34,039 | 6,866 | 40,905 | - | 2025 | 2024 | ||||||||
| Residential homes | 9 | 8 | ||||||||||||
| 82,165 | 3,306,816 | 3,388,981 | 3,330,982 | Day service | 17 | 16 | ||||||||
| 11 | SUPPORT COSTS | Supported living Administration |
60 11 |
61 7 |
||||||||||
| Restricted | Unrestricted | 2025 | 2024 | Fundraising | 4 | 4 | ||||||||
| funds | funds | Total | Total | |||||||||||
| £ | £ | £ | £ | £ | 101 | 96 | ||||||||
| 15 | OBLIGATIONS UNDER LEASING AGREEMENTS | |||||||||||||
| Auditor's remuneration | - | 10,500 | 10,500 | 8,250 | There are total future minimum payments due on leases expiring as follows: | |||||||||
| Legal and professional fees | - | 3,350 | 3,350 | 13,076 | 2025 | 2024 | ||||||||
| Trustees' indemnity insurance | - | 750 | 750 | 840 | £ | £ | ||||||||
| - | 14,600 | 14,600 | 22,166 | Within one year | 56,294 | 76,506 | ||||||||
| Within one to five years | 107,904 | 155,458 | ||||||||||||
| 12 | NET INCOME | More than five years | 29,435 | - | ||||||||||
| Net income is stated after charging: | 193,633 | 231,964 | ||||||||||||
| ~~ee~~ | ||||||||||||||
| Restricted | Unrestricted | 2025 | 2024 | |||||||||||
| funds | funds | Total | Total | |||||||||||
| £ | £ | £ | £ | £ | ||||||||||
| Auditor's remuneration | - | 10,500 | 10,500 | 8,250 | ||||||||||
| Depreciation | 39,568 | 51,601 | 91,169 | 91,879 | ||||||||||
| Other operating leases | 8,963 | 71,073 | 80,036 | 102,740 |
One employee received remuneration (excluding employer pension costs) of between £80,000 - £90,000 during the year (2024: one employee received remuneration of between £60,000 - £70,000).
The total amount of the employee benefits (including employer national insurance contributions) received by key management personnel for their services was £525,118 (2024: £529,794). In addition, employer's pension contributions of £18,119 (2024: £18,970) were paid for the 12 (2024: 14) employees.
Stable Family Home Trust Annual Report 2024 - 2025 | 36
The Stable Family Home Trust
Notes to the Accounts for the year ended 31 March 2025
~~eS~~ 16 TANGIBLE FIXED ASSETS 19 CREDITORS: amounts falling due within one year
| Building | |||||||
|---|---|---|---|---|---|---|---|
| Freehold | Short | Short Improvemen |
Motor | Fixtures & | Computer | ||
| Property | Leasehold | ts | vehicles | Fittings | Equipment | Total | |
| £ | £ | £ | £ | £ | £ | £ | |
| COST OR VALUATION | |||||||
| At 1 April 2024 | 4,923,928 | 994,597 | 660,957 | 11,132 | 364,665 | 61,797 | 7,017,076 |
| Additions in year | - | 222,866 | 6,491 | - | 19,412 | 4,596 | 253,365 |
| Transfer Disposals |
- - |
(116,356) (13,666) |
116,356 (63,498) |
- - |
- (128,980) |
- (19,338) |
- (225,482) |
| At 31 March 2025 | 4,923,928 | 1,087,441 | 720,306 | 11,132 | 255,097 | 47,055 | 7,044,959 |
| DEPRECIATION | |||||||
| At 1 April 2024 | 218,634 | 838,007 | 28,171 | 2,783 | 330,580 | 50,331 | 1,468,506 |
| Charge for the year | 39,877 | 17,654 | 7,203 | 2,783 | 17,956 | 5,696 | 91,169 |
| Transfer | - | (14,650) | 14,650 | - | - | - | - |
| Eliminated on disposal | - | (5,467) | (3,700) | - | (127,534) | (18,777) | (155,478) |
| At 31 March 2025 | 258,511 | 835,544 | 46,324 | 5,566 | 221,002 | 37,250 | 1,404,197 |
| NET BOOK VALUE | |||||||
| At 31 March 2025 | 4,665,417 | 251,897 | 673,982 | 5,566 | 34,095 | 9,805 | 5,640,762 |
| At 1 April 2024 | 4,705,294 | 156,590 | 632,786 | 8,349 | 34,085 | 11,466 | 5,548,570 |
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors | 39,089 | 35,638 | |
| Bank loan current portion | 13,305 | 7,345 | |
| Other creditors | 44,535 | 522,141 | |
| Accrued expenses | 54,091 | 62,550 | |
| 151,020 ~~———~~ ~~___~~ |
627,674 ~~___~~ |
||
| 20 | CREDITORS: amounts falling due in more than one year | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Bank loan | 679,030 | 692,655 |
The bank loan is secured by a charge over the freehold property.
Included in cost or valuation of land and buildings is freehold land of £936,211 (2024: £936,211) which is not depreciated.
All fixed assets are held for the direct furtherance of the charity's objects.
| 17 STOCK ~~ee~~ |
17 STOCK ~~ee~~ |
17 STOCK ~~ee~~ |
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Stock | 3,555 | 3,624 |
| 18 DEBTORS ~~ee~~ |
||
| 2025 | 2024 | |
| £ | £ | |
| Trade debtors | 254,749 | 368,057 |
| Other debtors | - | 7,506 |
| Prepayments and accrued income | 3,834 | 14,744 |
| 258,583 | 390,307 |
~~A~~ Stable Family Home Trust Annual Report 2024 - 2025 | 37
The Stable Family Home Trust
Notes to the Accounts for the year ended 31 March 2025
21 MOVEMENT IN FUNDS
| Incoming | Outgoing | |||||
|---|---|---|---|---|---|---|
| At 1 April 2024 | At 1 April 2024 resources |
resources | Depreciation | Transfers | At 31 March 2025 | |
| £ | £ £ |
£ £ |
£ £ |
£ £ |
£ | |
| Restricted Funds: | ||||||
| Capital Appeal - Merrivale | 496,336 | - | - | (4,193) | - | 492,143 |
| Car Park & Garden Walls | 978 | - | - | - | - | 978 |
| Abbotsford Refurbishment | 10,194 | - | (2,155) | - | - | 8,039 |
| Computer Equipment | 28 | - | - | - | - | 28 |
| Merrivale Refurbishment | 73,250 | - | - | (3,036) | - | 70,214 |
| Gifted Garden Centre | (43) | - | - | - | - | (43) |
| Hotbox Growbox | 2 | - | - | - | - | 2 |
| Pinehaven Improvements | 4,750 | 10,000 | - | - | - | 14,750 |
| Belle Vue Crescent | 1,997 | - | - | - | - | 1,997 |
| Client Activities | 3,158 | - | - | (1,052) | - | 2,106 |
| Hayes Sensory Equipment | 533 | - | - | (220) | - | 313 |
| Abbotsford Decorating | 2,140 | - | - | - | - | 2,140 |
| Hayes Avenue Decorating | 352 | - | - | - | - | 352 |
| Client IT Equipment | 200 | - | - | (100) | - | 100 |
| Merrivale Conservatory | 49,663 | - | - | - | - | 49,663 |
| Evolve | 1,997 | - | - | - | - | 1,997 |
| Outdoor Equipment | 3,600 | - | - | (1,800) | - | 1,800 |
| Go Karts | 604 | - | - | (298) | - | 306 |
| Watersreach Kitchen | 11,093 | - | - | (3,662) | - | 7,431 |
| Watersreach Bathroom | 2,419 | - | - | (813) | - | 1,606 |
| HCC Day Service Covid Grant | 648 | - | - | (648) | - | - |
| Laser Cutting Machine | 1,198 | - | - | (401) | - | 797 |
| The Bradbury Centre Furnishings | 4,000 | - | - | (1,000) | - | 3,000 |
| Capital Appeal - The Bank | 565,543 | - | - | (5,330) | - | 560,213 |
| Hayes & BVC Homes | 1,536,830 | - | - | (12,520) | - | 1,524,310 |
| Gifted Café | 814 | 150 | (222) | (204) | - | 538 |
| Gifted Heaters | (12) | - | - | - | - | (12) |
| Day Service and Supported Living Equipment | 1,081 | 1,590 | - | (360) | - | 2,311 |
| Screwfix Storage Cupboards for Homes | (5) | - | - | - | - | (5) |
| BVC Bathroom | 7,838 | - | - | (2,081) | - | 5,757 |
| Hayes | (113) | 11,250 | - | (118) | - | 11,019 |
| Levelling Up | 1,420 | - | (1,419) | - | - | 1 |
| Windows at Bradbury Centre | 4,015 | - | - | (60) | 1,970 | 5,925 |
| Pottery Roof | 10,893 | - | (382) | (1,027) | - | 9,484 |
| Laser Printer | 1,600 | - | - | (400) | - | 1,200 |
| The Stables | 30,754 | 177,858 | (34,939) | (92) | - | 173,581 |
| Charity Bank Energy Grant | - | 48,702 | (3,702) | - | - | 45,000 |
| Kingspark | - | 1,500 | - | (153) | - | 1,347 |
| 2,829,755 | 251,050 | (42,819) | (39,568) | 1,970 | 3,000,388 | |
| Unrestricted funds: | ||||||
| General fund | 2,856,021 | 3,722,444 | (3,349,549) | (51,601) | (167,786) | 3,009,529 |
| Designated funds | 34,392 | 61,148 | (57,973) | - | 165,816 | 203,383 |
| 2,890,413 | 3,783,592 | (3,407,522) | (51,601) | (1,970) | 3,212,912 | |
| 5,720,168 | 4,034,642 | (3,450,341) | (91,169) | - | 6,213,300 |
Stable Family Home Trust Annual Report 2024 - 2025 | 38
The Stable Family Home Trust
Notes to the Accounts for the year ended 31 March 2025
(continued)
21 MOVEMENT IN FUNDS
Purposes of restricted funds
Capital Appeal - Merrivale To purchase the Merrivale property. Car Park & Garden Walls Repairs and maintenance of car park and the garden walls. Abbotsford Refurbishment To refrubish Abbotsford home for first residents. Computer Equipment Used for the purchase of compute equipment. Merrivale Refurbishment To refurbish Merrivale home for first residents. 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. Belle Vue Crescent To refurbish Belle Vue home for the first clients to move in. Client Activities Purchases of activities for day service. Hayes Sensory Equipment To assist with the purchase of sensory equipment for clients in their own home. Abbotsford Decorating External decorating of Abbotsford home. Hayes Avenue Decorating To be used to decorate the shared areas in the home. Client IT Equipment To be used to purchase laptops for client use. Merrivale Conservatory To extend and improve shared accommodation. Evolve To purchase and install a combi boiler. Outdoor Equipent On-site fitness equipment Go Karts To purchase outdoor activity equipment for day service. Watersreach Kitchen To improve and update the shared kitchen.
Watersreach Bathroom
HCC Day Service Covid Grant Laser Cutting Machine The Bradbury Centre Furnishing Capital Appeal - The Bank Hayes & BVC Homes Gifted Café Gifted Heaters Day Service and Supported Living Equip Screwfix Storage Cupboards for Homes BVC Bathroom Hayes Levelling Up Windows at Bradbury Centre Pottery Roof Laser Printer The Stables Charity Bank Energy Grant Kingspark
To relocate and extend accommodation in the home. These grants are for dealing with the Covid-19 pandemic. To produce gifts and activities for the clients. Fitting out the shop with fixtures to display stock and various stock items. To renovate the building and purchase at a later date. Two supported living houses gifted to the trust. To set up a café at the garden centre. To purchase heaters to go over the doors. Activity equipment for clients. To purchase storage units for the homes. To install a new bathroom. To refurbish the downstairs to accommodate an extra bedroom. To support staffing, recruitment andcleaning costs. To remove bars from the windows and replace them. To fund a new roof on the pottery shed. To purchase a laser printer for making gifts. To refurbish the flat and stables day service. To reduce energy costs of the charity. To purchase a sofa for the Kingspark property.
Designated funds are held for the purpose of financing home improvements and purchases as noted in the strategic report.
Sinking Funds
For each freehold property owned by the Trust and for each of those leasehold properties held on a fully repairing lease, the Trust puts aside a fixed amount annually.
These amounts are held as a single fund within Designated Funds, to be allocated to specific projects as and when required.
Stable Family Home Trust Annual Report 2024 - 2025 | 39
The Stable Family Home Trust
Notes to the Accounts for the year ended 31 March 2025
(continued)
21 MOVEMENT IN FUNDS
Comparative statement of funds for the year ended 31 March 2024
| Incoming | Outgoing | Incoming | Outgoing | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| At 1 April 2023 | At 1 April 2023 resources |
resources | resources | Depreciation | Depreciation | Transfers | At 31 March 2024 | At 1 April 2023 | At 1 April 2023 resources |
resources | Depreciation | Transfers | At 31 March 2024 | At 31 March 2024 | |||||||
| £ | £ | £ | £ £ |
£ | £ | £ | £ | £ | £ | £ | £ | £ | £ | £ | £ | £ £ |
£ | £ | |||
| Restricted Funds: | Unrestricted funds: | ||||||||||||||||||||
| Capital Appeal - Merrivale Car Park & Garden Walls Abbotsford Refurbishment |
500,529 978 10,194 |
- - - |
- - - |
(4,193) - - |
- - - |
496,336 978 10,194 |
General fund Designated funds |
2,684,017 108,849 2,792,866 |
3,481,185 - 3,481,185 |
(3,344,792) (38,846) (3,383,638) |
(3,344,792) (3,383,638) |
- - - |
35,611 - (35,611) - |
35,611 - |
2,856,021 34,392 2,890,413 |
||||||
| Computer Equipment Merrivale Refurbishment |
284 75,778 |
- - |
- - |
(256) (2,528) |
- - |
28 73,250 |
5,073,368 | 4,138,202 | (3,455,796) | (35,606) | - | - | 5,720,168 | ||||||||
| Nourish Tablets | 1,566 | - | (1,566) | - | - | - | |||||||||||||||
| Gifted Garden Centre | 3,981 | - | (4,024) | - | - | (43) | |||||||||||||||
| Hotbox Growbox | 176 | - | - | (174) | - | 2 | |||||||||||||||
| Pinehaven Improvements | 4,800 | - | - | (50) | - | 4,750 | |||||||||||||||
| Belle Vue Crescent | 3,997 | - | - | (2,000) | - | 1,997 | |||||||||||||||
| Client Activities | 4,110 | 100 | - | (1,052) | - | 3,158 | |||||||||||||||
| Hayes Sensory Equipment | 666 | - | - | (133) | - | 533 | 23 | RELATED PARTY DISCLOSURES | |||||||||||||
| Abbotsford Decorating | 1,140 | 1,000 | - | - | - | 2,140 | |||||||||||||||
| Hayes Avenue Decorating | 1,738 | 1,000 | (2,300) | (86) | - | 352 | - | None of the trustees received any remuneration or expenses during the year. None of the trustees received any remuneration or expenses during the year. |
None of the trustees received any remuneration or expenses during the year. None of the trustees received any remuneration or expenses during the year. |
||||||||||||
| Client IT Equipment Merrivale Conservatory |
300 50,171 |
- - |
- - |
(100) (508) |
- - |
200 49,663 |
- | The son of a trustee, John Mason, received services totalling £60,281 (2024: £56,564) during the year. As at 31 March the Trust was owed £4,912 for March 2025 fees (2024: £5,618). |
The son of a trustee, John Mason, received services totalling £60,281 (2024: £56,564) during the year. | ||||||||||||
| Evolve | 2,998 | - | - | (1,001) | - | 1,997 | |||||||||||||||
| Outdoor Equipment | 5,400 | 5,400 | - | - | (1,800) | - | 3,600 | - | Amounts paid for Trustees indemnity insurance during the year amounted to £750 (2024: £840). | ||||||||||||
| Go Karts | 1,002 | 1,002 | - | (100) | (298) | - | 604 | ||||||||||||||
| Gym Tin | 2,818 | 2,818 | - | (2,818) | (2,818) | - | - | - | |||||||||||||
| Watersreach Kitchen | 14,755 | 14,755 | - | - | (3,662) | - | 11,093 | 24 | STATUS | ||||||||||||
| Watersreach Bathroom HCC Day Service Covid Grant |
3,232 1,296 |
3,232 1,296 |
- - |
- - - - |
(813) (648) |
- - |
2,419 648 |
The charity is limited by guarantee and has no share capital. | |||||||||||||
| Laser | 1,599 | - | - | (401) | - | 1,198 | |||||||||||||||
| The Bradbury Centre Furnishings | 31 | 5,030 | (61) | (1,000) | - | 4,000 | |||||||||||||||
| Capital Appeal - The Bank | 25,196 | 541,480 | - | (1,133) | - | 565,543 | |||||||||||||||
| Hayes & BVC Homes | 1,549,350 | - | - | (12,520) | - | 1,536,830 | |||||||||||||||
| Gifted Café | 1,018 | - | - | (204) | - | 814 | |||||||||||||||
| Gifted Heaters | 288 | - | (300) | - | - | (12) | |||||||||||||||
| Day Service and Supported Living Equipment | 1,760 | - | (319) | (360) | - | 1,081 | |||||||||||||||
| Screwfix Storage Cupboards for Homes | 1,432 | - | (1,437) | - | - | (5) | |||||||||||||||
| BVC Bathroom | 7,919 | - | - | (81) | - | 7,838 | |||||||||||||||
| Hayes | - | - | - | (113) | - | (113) | |||||||||||||||
| Levelling Up | - | 50,000 | (48,580) | - | - | 1,420 | |||||||||||||||
| Windows at Bradbury Centre | - | 10,000 | (5,985) | - | - | 4,015 | |||||||||||||||
| Pottery Roof | - | 10,893 | - | - | - | 10,893 | |||||||||||||||
| Laser Printer | ~~-~~ | ~~2,000~~ | ~~-~~ | ~~(400)~~ | ~~-~~ | ~~1,600~~ | |||||||||||||||
| The Stables | - | 35,514 | (4,668) | (92) | - | 30,754 | |||||||||||||||
| ~~2,280,502~~ | ~~657,017~~ | ~~(72,158)~~ | ~~(35,606)~~ | ~~-~~ | ~~2,829,755~~ |
Stable Family Home Trust Annual Report 2024 - 2025 | 40
~~ef~~ Stable Family Home Trust Annual Report 2024 - 2025 | 41
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