Company rcgi51rdtion number= 4750130
Lharity registration number: 1102881
Villa Scalabrini
(A company limitcd by guarantee)
Annual Report and Financial S(at¢m¢n¢s
for ihe Year Ended 31 M4rGh 2024
Strrling Grove Accountants Limitcd
Chartcrcd Ccrtified Accountants and Statutory Auditors
awlcy House
2 Regalla Placc
Marlow Road
Bournc F.nd
Buckinghamshire
SL8 STD

Villa Scalabrini
Contcnts
Rclcrcnce and AdMinistr￿1Ve Details
Strategic Report
2Lo3
TNslees' Rcporl
4107
Sialcmenl of Trus(ees' Responsibilities
Independen¢ Auditors, Report
910 12
Sialcmcnl of Finuncial Aciiviiies
13to 14
Ralance Sheet
15
Statcmcnt of C&%h Flows
16
Nolcs l() IhL Financial Statemcnls
17 10 31

Villa Scalabrini
Reference and Administrative Details
Trustees
Mr Michael Polledri M.B.E.
Fr Franccsco Butta7
Fr Giuseppe Bortolazzo
Fr Geraldo Melotti Junior
Fr Mauro IAzzarato
Mr Si¢fano Fiori
Mrs Lis& Ciccon¢
Mr Frdncis GiAcon
Secretsry
l.ino De Almeida
Charity RegistrAtlon Number
11028¥1
CompAny ReglstrAtlon Number
4750130
Reglitered Office
Green 8trcel
Shcnley
Herts
WD7 9BR
Auditor
l¢rling tirovc AccounlanL$ Limited
Chartcrcd Ccrtified Account&nL8 and Siatulory Auditors
Fawlcy Flouse
2 Regatla Place
Marlow Ruad
Bourne End
Buckinghamshire
SL8 STD
Bank¢r8
CAF Bank Limi¢
Page I

Villa Scalabrini
Strategic Report for the Year Ended 31 March 2024
Thc Irustccs, who arc dircctors for the purp()s¢s ol'company law, prcscnt their Stratcgic report for the ycar cndcd
31 MarLh 2024, in Lumpliance with s414C of thc Companies Act 2006.
The financial statements havc bccn preparted in accordwiLe with the accounting policies set out in the notes co
th¢ dLLI)ullLs 41nd ci)mply wilh ihc charity's govcrning do¢um¢nl. th¢ Charitits Act 201 l and Accounting and
Reporting by chari11￿.. Ststcment of l<ec()mmended PracliLe applicable to charitics prcparing their accounts in
accordance with Ihc financial Rcpot1ing Standard appliLabl¥ in Ihc IJK und Republic ol. Ircland publishcd on 16
July 2014.
Achiev¢men¢s And performance
Thc Trustees keep the finanLLS of ihc Villa under constant rcvicw. Thc financial pcriod to 31 sl March 2024 w&8
posilivc onc. I lowcvcr, the projects plannLd (nLW wing. internal refurbi.$hmL'nt and back-up gcnLrJlor) as w¢II
incrcÉisLd coyls u1- operation. such as thc risc in energy L()%(% dnd pay inLfL&%CS, will plaLC lin Éiddilional
burdcn on thc Charity's linancial r¥M)urLCS bul Lhc Trustees arc confidcni thal Ihcsc can bc financcd wiihoul
rcLoursc lo Lhird PdrLy borrowing.
The Trustees supportcd thc main fundr<iising aclivilic5 hcld in the grounds of the Villa, namely, the annual
SLampagn4lta (fayrc) and Ihe Classic c.ar show. 'I'hc Trusiees are very grateful ts) all th().%L whi) hLIpLd t()
organisc and deliver these ¢v¢nt& in particular, th¢ friends ()f Villa SL&labrini and mcmbcrs ol'siatl..
'hc 'fruslcLs arc also vcry grateful tsi all Ihosc individuals and <)rganisulions who havL madc donations LO Ihc
Charity in this finuncial yLur. 'fhc 'frustees wish li) thank, in parlicular, the Mazzini Cyaribaldi foundation, the
Italian MediLal C'.hurily and Ihc RSA Tru%1 for their bignificarti financial support.
FinAiiciAI review
In 2112.3124 IhL Lharily'y accounLs show a surplus of£475,309 (2023.. £427.510).
'I'hL Lharily inLomL Icvcls increa.%ed from £2.1109m lo £3.037m du¢ li) inLrcdsc (uLs and high ILvcl L)f ocLupancy
levels through()ut thL yLar.
Costs havc incrcascd from £2.382m to £2.570m which wa5 mainly due to staff costs increasc lo mcel thc
dcmandb ot'ihe home.
Thc accounting fi8ur¢s app¢ar lo bc very robusL howev¢r w¢ ¢onslantly review prin¢ipv¢l risks and uncertaintics
quarterly.
Policy on reserve
It is thL poli¢y uf the charity lo maintain suificicnt unrcstricted funds dt the level which is simil(Ir tu one year5
cxpcnditurc Icvc15 for charitable a¢liviLi¢s. I'his policy enables Ihc homc lo maintain ils standard5 cvcn in a ycar
()f dirriLuliy.
The tru5tccs havc Ihc powcr to invest in suLh siocks and shares investments and property as thcy scc fiL Thc
Iruslees hold the majority of funds on inieresl-bearing deposil wilh a small investment held in CAf Balanced
Growth Fund.
Page 2

Villa Scalabrini
Strategic Report for the Year Ended 31 March 2024
Pl4n5 for fllturt period5
Aims kty objeclivÉsforful#reperiods
Thc TrLlS(ees are taking foi'wtrll'd plans tor a complete refiirbishtnci)t of the conimon arca5 and the residenis,
rooins in order to Illdke Ih¥in Inorc allra¢liv¢ and b¢neficial to residents ond visitors. hDih op¢r¥lion8lly and
a¢sih¢ti¢dlly.
In response lo a recoiiiii)endalion fToill 8 Supervisin￿ authoril),. th¢ '1 ruslees al'e invesligaiii)g the ingtallalion or
buck-up generalor.
For th¢ l(Iii&y¢r lerni, the 'lrustees gr¢ ¢on%idering way.% in which the Villu Tnay be expanded and improved
furtlier, in Ilie .servic¢s prlivided and Ihe accoi))ii)odalii)n <ind facilities Ihal are available lo residLnl8 and slaff. so
Ihal ihe Charily is in d Posltion l(J meet thc ne¢ds of fijtiire r¥sid¥nls and the cliall¢nges of TecTUiting and
r¢luinin8 Sultable pcr50nnel in a ¢omp¢litive mark¢l.
The slralegiL report M.'as approvcd by the ITU.%tees of the cliarilv on 14 Ociob¢r 2024 and siRned ()n 11% behalf bv..
L Bi?rtola££()
.1 ru.¥l¢e
Pdge 3

Villa .Scalabrini
Trustees, Report
Thc irustecs, who are dirL'clors for the purposes of company law, prescnt the annual reporl log¥ther with the
rinancial st&tcment5 and auditors, r¢port of Ihe charitable company for thc ycar cndcd 31 March 2024.
Truste¢s •nd o￿leerS
The tru51ccs and O￿lLerS serving during the year and sin¢c thc ycar ¢nd wcrc a5 lollows:
'rrubtccs:
Mr MiLhucl Pullcdri M.Fl.P,.
Fr FranLCSLU Flulia710
Fr CJIUSCPPC Bortolazzo
r Grraldu Melotti Junior
Fr Mauru l.a7.7Aralo
Mr,8tcfano Fiori
Mrs l.isu Ciccon¢
Mr Pr4nci¥ Giacon
Fr JovanniL Puslranv (rLsigncd 13 Junc 2024)
Sccretary:
(ieniil Cioncalve8 IK'sign¢d 12 July 2024)
I,ino l)e Almeidu (appvinlLd 26 July 2024)
Page 4

Villa Scalabrini
Trustees, Report
Objectives and activities
One of the main objectives ol'(h¢ Lharity is, nan]rally. lo providc quality pcrson•centred care to its residents in a
friendly and wclcoming enwironmenl. To do this. stdff ure key. 'fhc Charity prides itself on the dedIc￿Lon and
commitment ofils stafl..
However, the Trustees are aware of the difficulti&s which ihe care sector faces in lerni.8 of staff recruilmenl and
rcicntion. Wilh this in mind, th¢ Charity provide% accommodalion Lo staff al alTordable rents bolh on-sile and in
a housc n¢arby in Borehamwi)od. I'hL 'I'rust¢¢s ulsu seek lo ensure that its stsff arc paid a fair markct sa18ry and
Ihat ihey ()pur&i6' in a supportive and friendly ¢nvironmcnt.
I'hc Trustees usc various mcasurcs lo gauge the Villa'% perf¢)mikinLe, including infomal IcedbaLk Irom
re.sidLnls dnd their lamilies. Thi.s leLdbdck is gcncrally p05itivc. The Trusl¢Ls havL parliLulur rL¥ard to Ihl
a$8L'tssmcnls made by the Care Quuliiy Cummissiun und those local authi)riliLS whv suppurt rcsid¥n(s at (h¢
Villa. Villa Scalabrirti has been rdtcd 'oulstanding' by thc CQC since Fchrulwy 2020.
ThL I.ruS￿eS also keep the "hard" facililics of the Villa under conslunt rcvicw and scek lu improve thesL where
po8sible. 'l-hc construction ot. a new wingl LiimminL¢d in Novcmber 2023. This ncw wingT will prvvide Slyer￿1
new ri)om5 for residents as well as somL addiliunal slalT ULcommodalion. li is hi)ped ihut thL nLY win&F will be
complciL'd in the summer ot-2024.
Thr I'ruslccs are also taking lorwdrd plan5 for a complclc refiJrbi.8hmenl of Ihc Lommon arLUS und IhL fLsidLnls'
room8 in ordLf io makL ihcm murc attractive bLnLlicial lo rcsidcnls and vi8ilors, both operationally and
acstheticdlly. It is hopLd Ihal this rclurbishmeni will hc Lomplc(Ld in Ihc next tinancial year.
In rcsponse lo a rcLI)mmLndaliun from a supervising authority. thL 'I'ru4tLL5 IirL' invcsli8alin8 IhL int>lallalion ol. a
back-up Lmcrgcncy gcnerator.
or the longLr Icrm, thL TruslLcs arc considering ways in which (hc Villa may be expanded and improved
lurthLr, not only in respect of the sL'rviLLs providcd bul also in rclaiion ti? thL kiLLumvduliun and fuLililiLS ihal
are &vailablc lo re8iden18 and .slJlT, (() LnsurL thai ihc Charily is in a po8iti()n lo MLLI th¢ ncLds ur rulur¥ rL5idLnls
and lh¢ challenge% ol-r¢Lruiling rLlaining suiiable personnel in a cumpcliLivL m#rk¢l.
Page 5

Villa Scalabrini
Trustees, Report
Publlc benefil
The Charity's activities focus on providing care to the eldcrly and arc undcrtakcn to further the Charity's work
for thc bcnefit of thc public.
Althou￿7 Villa Scalabrini was originally established for the purpose of accommodating and caring mainly for
eldcry Iialians, il now offers equal opportuniiies lo all cultures, r¢ligions and nationalities, thereforc wcl¢omin8
all individuals.
Villa Scalabrini has ihc luciliiics to accommodat¢ 53 r¢sidcnls. Some ure privatlly lunded while uihers ar¢ part
or fully fundld ihri?ugh Ii)Lal Authorili¢s. On completion of the new win& an additional s¢ven rooms will bc
providcd for residenls.
The TwsteLS oonsidLr it impur(anl that acceR8 to the qerviLC4 1)ffLrcd by Villa SLalabrini is nul rcslriclcd lo Ihuse
whu can ulTord the fees. Thttref()r¢, Ii)Liil #uihorili¢s urc involved in pri)vidinb' Of the f¢e.q tor some of the
rcsidenls.
Villa Scalabrini 1.5 Li>mmillLd tu pruviding Iriendly. dedicated and profcssional care and suppi)rt th&t lh¢
residents requir¢ dnd expccls all staff and volunleer.q to share this Lomwnilmcnl.
Thc Icvcl of. carc provided depends ()n Ihc individual cirLumslance8 and Villa Scalabrini seeks to recognise each
re.8ident's physiLul. Lmotional. sociul and spiritual need8 und ti? providc Iipprorialc suppurt lo mcci ihLm.
'rhc Trustee¥ confirm that they hllvL' Lomplicd wilh Ihc rcquiremenLs (If 8LLIi(?T] 17 (?f ihe Lharilies Act 2011 Io
havc duc regard lo thL puhliL hLllLfiL guidancc publi¥hed by the Charity ('ommi%4ii)n r()r F.ngland and Wales.
Structure• governance management
￿￿Hre ofRovernlng document
The LhurilublL Cumpany. whiLh is Limited by guHrdntLL. wus inLorporalLd on l May 2003 undcr rcgislration
numhLr 4750130 and is 8ovcrncd by 11.8 MemoranduTn und ArLiclLS UI. Associdtion. ThL company was rcgislLrcd
with Lhc Charity Commission on 26 March 20n4 dnd givLn Ihc numbcr 1102881.
Recruilmefti and•wolA1n￿ll* oflrnxlee
Wh¢n th¢ n¢ed for a new trustee 14 idLntifiLd. a sL'arch is undcrtaken for candIda￿S and then their suitability is
discu%scd and appropriate baLkgri)und Lhccks undcrldken, A new tN8tee 1% introduced al the next approriate
trustLL micling bui doLS noi bLcome a trustee UT]lil IhL r¥sulis of ihc chc¢ks arc rLcciv¢d and thc Icgal pro￿5￿¢6
havL bccn Lomplclcd.
lftduclion andtrolnlng nflrnxle
Induclion lakes th¥ fom i)f 8 meeting with other Trustees and, where relevani, key .%taff who explain
rcsponsibilities and how thc Villa works. Th¢ n¢w tnJ8tec is also .qupplivd wilh ('hurity (.i)mmi.4%iun guidunL¥ on
the trusL¢e's role and re5pon5ibilities.
Pagc 6

Villa Scalabrini
Trustees, Report
orgnnisnli￿•Ifi1 slttscliii'e
The day ¢0 day niaiiageii)enl of Ihe hoine is dtkne by tlie mRnagcnienl team inclLiding G. Goi)calves lassislant
direetorl and L. D'Alnieida (directoi}. Ivho rcport regiil81.ly lo Trustees.
None of tl)¢ Ti'ustees have any b¢neficial interest ii) the conipany. All ()I' the Ti'uslees ar¢ ni¢mbeTS of Ilie
coinpany and guuTalltee to contribute £ l in lh¢ ¢venl of a winding up.
Tl)e Triistees meet on a regiilar b3si5 lo review Ilie Cliarity's pei'formance and issue new giiidance if i¢quii'ed.
Tlie cliarity iq Connected to the S¢#labYini falh¢rs Compony ICharili¢s Comlliission I'ef¢r¢n¢e 11410841 and to
IIIL Regii)nal I'ruvinci81 Holise bub¢d iii Basel, Swil/.¢Tl41111.
Financial inslrument$
Ohj¥clive.i rtnrfpolicie.v
'rhc Cliarity s ilLlivilies cxp(i%e il niinibcr of financial risks including Lr¥dit risk. cash flow ri&k 4nd IioLiidity
ri%k. ThL use nr rindllLial dLrii'aliv¢s is giiverncd by Ili¢ LhaTily'.s pi)li¥i¢% appi'oved bil Il)e bo¢ll'd (Il. Iruslccs.
use derivative finaiiciL41 inslruinLI)l¥ foi. specLilalii'e piirposcs.
Crerfil ri.i'A
Tl)L (.'harily's prineii?al finanLial assLl% are bdnk balanLL¥ and casli, ITadc and oiliLr receivablL.%. and
investmenis,
The C'.harilv's Lrcdit risk 1% priii)aril)i allriblilable lo ils Irdde receivablc.¥. -rhe aiiiiiiinl.% pre%cnlLd in ihe b¥lance
8lieel Jre nLI i)t alloivdllLL% for diiuhtlul reLeivablL%. An alliii¥&ncL flir iinpairiyiLnl i.s Il1udi wl)ere tliei'L 1.% an
idenlified loss evenl wliicli, bascd on picvinus CXPLFience. Is CitidcnLe nl. a rLduction in IIiL rccoverability i)I' Ihc
cash IloM'.¥.
'I'lie ciLdit risk on liquid funds ond derivalive financidl inslruii)Lnt5 is liiniled b¢¢￿U%¢ the countL'rparlics are
b#nk.¥ witli IiiL)Ii Lredit-rÉilings as8ibJned by inlernationdl ciedil-rdling dgtrLncies.
'hc Charity has ni> signiliLant con¢Lntrdli<iii lif L'r¢dii risk, wilh ¢XWibiire spre8d ov¢r a laTg¢ Iiuiiiber or
counlLrparties and cii&toniLI'%.
Liiiuidity rl.fk
n <ii'dei' lo Iiiainluin Iiqliidity lo en%ur¢ ihal sullicienl lunds are availahle lili. ongoiiig npei'alif)i).% and tulure
devLI()pmenl%. th¢ Chdrity USC.1. d% appr(ITldte, a mixiiir¢ ol. long-terin and shori.ILrm debi findn¢e.
ruriher dLlails rcgarding liquidily risk can L)¢ li)und in thc S(*il¢inenl ol- accoiirilin¥ p()liLies in Ilie financial
51aleincnls.
Dl.s¢losur¢ uf Information to Ruditor
E¥LlI ti'(Istee lias lak¢n %tCP5 Ilial tli¢y Iiiiglil lo liave takin 05 a trustee in ord¢r In InakL Ilieinselv¢.i #wal'e ol. any
rclei'anl aiidil infor113alion a11d li) ¢%lablish thai lh¢ ¢harily's auditor 1% Jware Df that inforinaiion. The truslees
confin)I 11141 Iliere is no relevant information Ilidl Ilicy knoiir of and ofwhiLlI thcv knoiir th¢ ouditQT is unaware.
Tlie annual report was approved by tlie Iruslees of the cliarity on 14 October 2024 and signed on its bel)alf by..
IIL tli)11ola££ii
rustee
Page 7

Villa Scalabrini
Statement of Trustees, Responsibilities
The trustees Iwlio are also the directOlS Ot Villa Sealabrini for ilie purposes ot coinpany laiv) are responsibl¢ for
pr¢paring the iTU.%lees' report and the Iiiiancial slaiements in accordance with applicable 18w and Llnited
Kingdoin Accounting Standards {United Kingdom G¢n¢rally Accepted Accounting Practice), incliiding FRS
102 'The Financial Reporting Staiidard applicable in Ilic INK and Republic of Ireland
Company lami reqiiii'es the tl'115tees lo prepai'e financial statements for ea¢h financial yeai.. Unde¥ coinpany la
the trustees 11)ust not approve the fiii8neial blatei)ienis iinless they are sat15ficd that the}. give a trLie and fair view
of the stute Ibf affairs (if the cliJrilablL coiiipany and of the incoi11ing rL.%iiurLCS and ￿p1]lILali￿n of Tcsources,
incliiding ils inLiii))e and expenditurL, ot. the cliaTilable ¢oiy)pany for Iliat pei'iod. Ill Preparing these Iinancial
5tai¢ii)ents, lh¢ Irii%tees lire T¢qLiired to..
select suitablL accounting p()liL'i¢% bnd apply theiil con.iistenily,'
observe Ilie Inetliod% and pi'iiiciple% in il)¥ Cl)arili¢s SORP;
Inakc judgement% und eslim8lis Il)al arc reasonable aiid priidenl.
.%tstL whether applicabl¥ ¥L¥vunting siandards. coiiiprising FR8 102 hav¢ been followcd. %ubj¢¢l to any
m¥tcri¥l departures di5clI?%¢d #nd ¢xpl4in¢d in the financial statcmenl%', and
pr¢parc th¢ financial %tatemcnts on 11)e going Loncern b¥sis Linle.ss it is inappT()priul¢ lo presuine ihal Ihe
chai'ilable company M'ill conliniie in busiiiLss.
ThL' Iriistees are respI)n%ibl¥ for keeping i)riiper accounting reLnrds that can disclii%e with rcasonabl¢ acciiracy al
any liinc tlie financial pi)%iliiin of Il)¢ ¢liarilabltt Liiii)pdny dnd enable IIILln lo ensurL Ilial tlic financial slateinen15
LUI￿pIY witli IliL Coinpanie% ALI 21106. '1'liey are also TLspon.%ible lor 4ali&iuardinB Il)e dssLls 01. Il)e cl)arilable
(li￿panY and lictlce flir laking rcasondbl¢ 51¢p.% fi)r Ihi prLvcntion diid dLlccti()n i?I' IraLid aiid other irreguluTiIi¥s.
TIIL IrLISILI.% ar¢ rcspon%ible far the niainlenanL¢ and integrity ()l- Ilie corporalL und fin¢incial inloTinalii)n
incliided i)n IIiL LlJai'itable L'(1iiipuny'.% wcbsile. I,euFi%lation goi'erning tliL preparaliuii and disseiiiinalion of
linancial sla(ciMcnt5 diffcr from legi.%latii)n in oihci'.juiisdicli()n.%.
AppriTrvLII by ilie tl'LlStees ol'ihL Lliarily ()n 14 ()cliilx'i' 2024 aiid signcd on ils beliall. by..
rtola7.7.0
.1 rubl¢¢
Pag¢ 8

Villa Sealxbrini
Independent Auditor's Report to the Members of Villa Scalabrini
OpiniD
We have audited the financial slalemenls of Villa Scalabrini (the 'charity') for the year ended 31 March 2024.
which comprisc the Statement ot FinwiLial Activilies. Balancc Shcct, S(atcmcnt ot'cash Flows. and Notes to the
FinanLial Slalcmcnts, including a summary of signifiLiint aLLounlitLg policics. The financial reporting
framcwot* (hat h&q hecn appliLd in Lhcir preparation is Unil¢d Kingdom Accounting Stkmdityd%. L()Tnprising
Charities SORP - FRS 102 'The Finanlial Rcporting Siandard applicable in thc UK and Rcpublic of Ireland, and
applicahlc law (United KingdoTn Gencrally Acccplcd AccounlinB prI￿tIl¢).
In our opinion Ihc financial 5talcmcnts'.
Jivc u iruc and fair vi¢w of (h¢ slatc of the charity's urrairs 31 Mdrch 2024 and ol- its incoming
resources and application Of rewurcci, IrbLluding ils income and expenditurc. for Ihc ycar then endcd,.
have been properly prepared in dLcurddncc WiLh United Kingdom Gcncrally Acccptcd Accounting Practice.
and
havc bcrn prcpared in accordancc wilh Ihc rcquir¢menl8 (Jf th¢ Li)mpanics Ac12006.
Basis (or opinion
We LonduLlcd our audit in accordancc with Inlemdlii)nal Standards on Auditing IIJK) IISAS 11.IK)) and
appliLttblc law. nur rL%P()nsibililics undcr Iho$c .8land¢wds arc furLhcr dcscribed in the audilor rcsponsibililics for
Ihe #udil vl. Ihe finanLiul slalcmcnls scction of our rep()rt. W¢ ar¢. indepcndent of th¢ 6hariiy in a¢¢ordanL¥ with
IhL ¢ihiLal requiremen15' Ihal wc rLlcvanl lo our audit lif ihc financial slatemenis in the IIK, including Ihc TrRC's
Lihical %iandard. and we have tuifillLd our uihcr Lthical re$p4)nsibililiLS in ULLordancc wiEh these requirements.
We belicvL ihal Ihe audit ¢vidLllLL wc have obtsined 1$ Su￿]LlL.nt appropriatc lo provide kt basi.% for ilur
oplniun.
Conclusions relating to goiDg concern
In audiling ihe financial %lal¥mLnls. WL. have concluded Ihdl IhL Iruslccs usc of the going L(InL¢rn basis of
IILLounling in the prcpdraliun of Lhc financial statemen(¥ is approprialc.
FJusLd on the work WL havi pGrfvrm¢d, we havc ni)l id¥'rklifi¢d any material uncertainliLS r¥.laiing io cv¢ntb or
iundilions thal, inLlividually or collcclively, may Ldsl bignifican¢ doubt on the charily's abilily lo conlinuc as a
going Lun¢irn lor a period i)I' ul ILust IwclvL monihs Irom when th¢ vriginul lindncial slalemcnls wLr¢ auih(>ris¢d
for i&su¢.
Our respon.%ibiliLics and the respon$ibilitlLS of thc Iruslccs with respect lo going conccm arc described in the
relevunl sections of this report.
other information
'rhL Iruslrcs arc rcsponsible for the other inf(Imi81ivn. 'I"he other infornialion compriscs thc information included
in thc annual report, i)Ih¢r than lh¢ financial statemcnls and our auditor's report Lherei)n. ()ur opiniun un ihe
linancial slatcmcnls does not ci)ver thv vth¢r inlormalion and, cxccpl to Ihc cxtcnt otherwise expliLiIIy Staled in
our rep()rt, w¢ do not exprcss any form of a55urance conclusion th¢revn.
In c(InneLlion with our audit of thc financial statement¥, our r¢sponsibilily is lo read the othcr inforn]alion and,
in doing so, consider wh¢ih¢r ihe oiher inlomlation is matcrially inconsistent with the finanlial slul¢m¢nts or
our knowledge obtaincd in thc audil or otherwise app¢ars lo be mal¢rially misstated. If wc idcntify such ma(crial
inconsistencies or apparenl material misslaicmcnts, wc arc required to deterniin¢ wh¢iher Ihere is a mal¢rial
misstatcmcnt in the finanLial slylem¢nls or a maLcriaLmi551atrtnGnt.ol.lknr oibGr infOrmaUv￿ IL. b&g¢d..ou.thL
w()rk wc havc pcrtormcd, wc ¢on¢ludc thal there is & malrrial mi5slalement of this other inforniation, ￿ aro
r¢quircd to rttp()rt ihai lact.
We havc nothing to rcpurt in this rcgard.
Page 9

Villa Scalabrini
Independent Auditor's Report to the Members of Villa Scalabrini
Opinion on other matter prescribed by the Companies Att 2(H)6
In our opinion, based on ihc wurk undLrtaken in ihc coursc ofthe audit=
the inf0m￿li()n given in ihe Strategic Report and Trustees, Report for the financial year for which the
tinancial statements are pr¢pHr¥d is LVnSiSlcnt with thc financial 51at¢menLs; and
the Strat¢gic R¢port and Tr￿81¢¢￿, R¢port h&ve been pr¢parcd in accordance with applicable legal
requiremcni&.
MAtters on which we are required io report by exceptivn
In Ihc li¥hi ol- our knowledg¢ und undcrslanding of thc Lhariiy and ils environment obiaincd in Ihc coursc of Ihc
audil. we havc noi idcnlilicd material misstalcmcnls in the Sirdl¥¥iL Rcport dnd 1hc-fr￿8tees, Repori.
Wc hav¢ noihing li) rcpi)rt in rcsprLI of the following maltcrs where the Li)mpunics Act 20(16 rcquircs us to
report to you it.. in our opinion..
adcquale accounting rLLords havc not be¢n k¢pL or ￿turnS adequalc for our audit havc not bccn rcccived
from branchL.% nol visilcd by u8- or
Ihc financial 41atcmcnls arc not in agrecmcnl with the acctsunting r¢cords and rclurns; or
ccrtain di8Lliisurcs of trustee$ remuneruliibn spccilied by law not mad¢; or
we have nol rLYciv¢d all the informalii>n and l￿plan8110n.% WL rLquir¢ for our audit.
Responslbllitiel of trujtees
Ai cxplained morL. fully in Ihc Sialcmenl of 'l'ruslccs' Rcsponsihililieli (￿1 out on pagc il). Ihc Irustecs are
rL'5ponsible for th¢ prLP<ifdliun ul- the financial slylcmcnls and lor bling sulisficd ih411 ihLy give a Irue and fair
vicw, und for %ULh inlcrnal control &$ the truilcc& dclcrmine is neLL.￿%ary lo cnablc Ihc pr¢par&lion ol. financial
.4tatemrnts Ihal are free trom mulLrial mi551atemenL whLihLr duc lo Iraud or error.
In prLPdring the financiHI .%l&iL'mLnls. Ihc Iru$lee.% urL rLspunsiblc tor asse45in&F thL Lharily'¥ abilily lo conlinuc as
a going canLcrn. disLlosing, as appliLublc, mallcrs relaled L() &i(bing LonLcrn and using the going concern bdsi% of
aLLI)unling unless thi IruslL'cs Liihcr intend lo liquidalr Ihc charity or to opLralion4 or h&v¢ no rcalistic
aliernalive bul lo d() Sio.
Audltor responsibilities for the audlt vf the fin*nclal sl*temtnt
Our ubjectivi% ar¢ Iv obiain reasonabl¥ assuranLC about whethLr ihL. financial slalemenls &$ a whole are fre¢
tr()m mu￿rIal misstalLm¢'nl. whcihcr due lo fraud or crror. and to Issue dn uudilor's rLport thal includcs our
opinion. ￿LI￿1)n￿b]C assurance is a high Icvcl of assuranLL, bul is nol u guaranlee that an audit conduclcd in
acc4)rdance with I%As (UK) will always drlLLt a matcrial mi5slatemenl wh¢n il ¥xisls. Misslalcmcnls can arise
rrom fraud or rrror and arc con.%idered multyrial if, individually or in thc aggrcgatc, they could reasonably be
cxpccted tn inlluenL¢ the economic decisions of u5crs taken on the busi& of these linancial slalements.
The extent tv which our procedures arc capablc of detecting irr¢gularilies. including fraud is detailcd bclow-.
Page 10

Villa Scalabrini
Independent Auditor's Report to the Members of Villa Scalabrini
Our approach co ideniitying and assessing thc risks of material misstatcment in rcspcct of irregularitics,
including fraud and non*ompliance with laws and regulations. was as follows-.
thc cngagcmcnt partncr ensured that the engagement leam colleLtively had the appropriate compctencc,
capabilitics and skills to idcntity or recognise non-compliance with applicable laws and rcgulaLions'
WL idLnlified the laws and rl'gulations appliLuble io the company through discussions wilh directors and other
managemcnL and Irom our commercial knowlcdgc and cxpcricncc of thc cnvironmcntsl wastc sector-
WL foLUSL.d on speLifiL laws tu)d regulations which we con.8idered may have a direct material effeLi on the
rinancial slatcmcnls or thc opcrations of the company. inLluding thL (.IbmpaniLS ALt 2006, t&Yation 1¢8islation
and daiu protection. aT]ti-bribLry, LmploymcnL cnvironmcntal and health and safety Icgislalion.
WL as%L.%s¢d thL uxtLnt ufLumplianLC Wlth the laws and regulations identitied above through making enquiries
ol'mandgLtnenl and in5PLLting ILgal correspondence,. and
idLnlifiLd laws and rLguldlions wcrc communicated wilhin the audit team regularly and the team remained
alcrl lo inslanccs ofnon-compliancc Ihmughoul the audit.
Wc ass¢sscd the SU￿¢pIlb]IitY of the company's financial sta￿MentS ￿ malcrial missi&ILmenL inLludin8
obiaining an undcrsianding ot how Iraud mi¥ht i?ILur. by=
makin¥ Ln4uifiLS ()f mundgLmcnl as lu where they considered there w&8 suscepiibilily lo frau& their
knowlLdgc Iifr a¢lulll, %uspcclcd and allcgcd fraud; and
eonsidcring the internal contmls in pl¢lC¥ lo mitigatc risks or rraud tÉnd non-compli8ncc wilh laws and
regulations.
'I'o uddrLss IhL risk or rraud thmugh management bi&% und i)VLrridc i)fL()ntr()li, WL..
pLrlormL'd unalylicul pr()cedurcs lo identity uny unusuul ()r unLXPLLILd rLluiiunship.s,'
IcslLd juurnal cnlrics lo identity unu.8ual tran.￿LI11)n4'
asscs%ed whcihcr .judgemenls and &￿￿UmpI11)nts mddc in dciL"rmining thc ktLLouniin&J Lltimates sei oui in the
IICLounting pi)IiLiL8 WLrL indiLalivc of polcnlial bias,. and
invLs1iwd(Ld Ihc ruli()ndlL bLhind 5ignilicant ()r unusual Lrdnsaclinn.8.
In rL"spollsL lo IhL risk of irrcgularities and nan-complidnLL Wlth l&w4 and rLLFulation¥. we de.8igned pruccdurcs
whiLh includcd, bul wcrc not limited to:
agreeing finanLiRI statemL'nl disLlosurcs lo undcrlyinE supporting documentation:
readin&T the minuic.% ()fmcclings of (hosc Lharged with governance.
cnquiring ol'managemeni as lo ac(u#l und p()tLnliul li(Ig<iiion and claims-, and
rcviLwing L()rrcspondcnLL wilh I IMRC, relevani regulator.s and the company's legal advisors.
There are inherent limitatii)ns in nur uudit proccdurcs dcscribcd abovc. 'fhc morc rcmovcd Ihal law% and
regulaiion.8 arc trom findllLiiII trdllsdctions, Ihc Icss likcly it is thal we would becomc awarc of non-Lomplian¢¢.
Audilin8 Standurds also limit Ihc audit proL¢durLS fL'quifLd to idLniily ni)n-Li)mplianL¥ with laws and regulations
tD ¢nquiry ol. the dircctors and other manag¢menl and Ihe insp¢¢lion of r¢gulaiory and legal Liirrespondence. if
any.
Material misslaiemenL% Ihal arisc du¢ to fraud can be harder lo dclecl than those thal arise from error as Ihey
may involvc dclibcratc concealment or collusion.
Us¢ Drovr report
This rcporl is made solely tn the charitahle COTnpany's Irustces. as a body, in accordancc with c.hapter 3 nf Part
16 u1- the Lompanils ALI 2006. Our dudit work has bLLn undLrtakLn so Lhai ivc iniglil stalL io thc charily.,
Irustccs thosL maticr5 we arc rcquircd to stale lo them in an auditor's report and for no other purpose. To the
lull¢st extent perniitled by law. we do not accept or assumc rc5ponsibility lo anyonc othcr than th¢ charitsbl
company and its trustees as a body, for our audit work. for Ihis rcporl. or for the opinions we have formed.
Pagell

Villa Scalabrini
In(lependent Auditor's Report to the Member5 of Vill# Sealabrini
Mr Ciian
i Pietro Ai
15JiIII FCCA (Senior Statutory Auditor)
For wid on belialf vf Sterling Grove Accountsnts Limited, Statutory Auditor
raM,le)' I Ii)Lise
2 RL'2aiia Plac¢
i31)ui'ii¢ Li)d
SL.115-1'L)
14 OetobeT 2024
Page 12

Villa Scalabrini
Statement of Financial Activities for the Year Ended 31 March 2024
(Including Income and Expendilure Account and Stalement of Total Recognised Gains
and Losses)
Total
2024
Unrestricted
Restricted
Note
ncome and Endowments from:
Donation.8 and IrgaLi&
Lhdrilablc activilies
Invcslmcnt income
Other incomc
56.266
1778,2U3
48,562
26.405
127,365
183.631
2,778,203
48,562
26,405
Total incom¢
2,909,436
127,365
3.036,801
Expenditure on:
Raising funds
CharilablL aLlivilies
Other expenditurc
(612)
{2.527,338)
36.0001
(612)
(2.533.338)
36,000
(6,1)00)
Total expendiiure
Gainsllosscs on investment assetg
(2,563,950)
11.458
(6,000)
12,569,950)
¥.4511
Ncl income
Tran8fLrs bctwccn tiinds
353,944
ion,oiiu
121.365
1011.uou
475.309
Ncl movement in funds
453.944
21.365
475.309
R¢concili4tion of funds
Toial tbnds brought furward
9,827,803
24,000
9.851,803
'rothl funds carried forward
22
10,281,747
45,3C)5
Restricted
fu￿d8
10,327,112
Total
2023
Unrestricted
funds
Not¢
Income gnd Endowments from:
r)unalion5 and legacies
huritsble aclivitics
Invcslment incomc
Othcr incomc
62,313
2.655,940
10,392
32.475
47,549
109,862
2,655,940
10,392
32,475
Totsl income
2.761,120
47,549
2.%08,669
Expenditure on:
Charitahle activities
Other expcnditure
(2,328.920)
33,000
{18.030)
2,265)
{2.346,950)
35,265
Total ￿￿ndIlure
Gainsllosscs invcstment asse15
(2.361.920)
1156
{20.295)
(2.382,215)
Net income
Transfers betwccn funds
400.256
27,254
27.254
{27,254)
427,510
The note5 on pages 17 to 31 forni an integral part of these financial slalements.
Page 13

Villa Scalabrini
Statement of Financial Activitie5 for the Year Ended 31 March 2024
(Including Income and Expenditure Account and Statement of Total Recognised Gains
and Losse5)
Unrestricted
funds
Restrieted
funds
Total
2023
Note
Nrt movcmrnt in tunds
427,510
427.510
ReconciliatlDll of funds
Total lunds brought fotward
9.400,293
24,000
9,424,293
Toial funds carried ron￿rd
22
9.827.803
24.000
9.851,803
All ofihc charity's aLtiviliLS dcrivc Irom continuing opcrulions during the above two periods.
Thc tiinds breakdown for 2023 & 2024 is shown in notc 22.
Thc notcs on pages 17 to 31 forni an intcgral part of thrsr financial stat¢mcnts.
Pagc 14

Villa Scalabrini
(Registration number: 4750130)
Balance Sheet as at 31 Mareh 2024
2024
2023
IY•te
[i'ixed A8x¢t
Twib)iblc uygels
InvLslni¢iils
15
8.130.676
296,742
7.583.2DI
288.284
11.4?7,41
7.871.485
(.'urrL Trt IlSlL.I&
l)ebior
Lash ill bank wi(1 iii liand
17
18
57.-574
2.1159,553
6.976
2,166.(V)Ll
2.117.127
2,17.1,1126
Crcditor5: èlmounts f¥llin% du¥ witliin on¢ ￿'¢￿r
19
1217.433)
{19?.708)
Nct L'urreTht o*J¢t¥
1,8 J( 9.61)4
1,91111.3111
Net #Jict$
10,327.112
9,851,8113
Tr'undx of th¢ ch4rity;
Rt.4triettd
45,365
24,11011
Ilnreitrltted Inefjme fundi
lJiiresiriclLd
l)L¥igiialLd I,unds
IlnresLriclLd L'ev<ilLialioii I'LsLrve
7,1411,963
3.0110.11110
1.12,7114
¥,D113,477
1.7oii.ui)U
124.326
To1￿1 LiiifLsiricled lunds
10,281,747
(1,1127,1101
l ot¥1 fund%
111,327,112
¢).8.51,81)1
'rii¢ linmrtcithl statements 011 piiges 13 10 31 appr(IvLd by die Lrusl¥¥s, unLI iiuiliDTiseLI r()r ISSUL on 14
OciuiK'r 2024 wi<1 sigiic(l ()1) thLir l)Lhiili' by..
I-tyvb.
I",r 1.viusep￿ Eloi1'ola/./.o
The notes nii pag¢¥ 17 10 31 form an inligral Pl￿ ol'ihcsc finwiiiiil stsilcmLnls.
l)llg¢. 15

Villa Scalabrini
Statement of Cash Flows for the Year Ended 31 March 2024
2024
21123
Note
Cash flows from operAting 9Ctiviti¢8
Net cash incom¢
466,851
426,454
Adjustments to C89h flows from non-cash items
Depreciation
Investment income
193.016
4A,562
180,373
111.392
611,305
596.435
Working capitAI gdjustm¢nts
(InLrca5cydLLrLasL in debtors
Incrc&se in credit()r
17
19
(5Q,638)
24.725
62,161
37.124
Nct cash flows from operdling activities
5115.392
695.720
Cash flows from inveiting activities
Inlcrcsl rcceivable and similar incomc
Purchasr {)ri￿ngIbIC lixed a*8et
48,5()2
(740,491)
10,392
(112.038)
15
Ncl ca.%h tlows trom invLslinB activities
Ncl {decre&8e)lin¢rLasL' in cash and cash cquivalLn(s
C&sh and cash equivulcnts al l April
Ldsh llnd cash equivalents ul 31 MurLh
691.929)
101.646)
(106,537)
594,1174
2.166.{V￿)
,572.016
2.059,553
2,166,090
All of Lhc Lash flows are derived fmm Lonlinuing operations during thc dknvL Iwo pcriod5.
Thc notc5 on pages 17 10 31 forni an integral part of Ihcse financia] statrmcnls.
Pagc 16

Villa Scalabrini
Notes to the Finaneial Statements for the Year Ended 31 March 2024
I Charity stAtus
The charity is limited by guarantcc, 1ncotp0r&t￿ in England and W#le& and consequently does not have sharc
capital. Each ol. thc trustecs is liable Lo coniribute an amount not exceeding £1 towards thc asscls of th¢ charity
in Ihc cvcnl of liquidation.
-l-he address of its rcgistcr¢d office is:
Green Slre¢l
Shenley
WD7 9BB
Thcse financial s￿1￿Men1S wcre aulhorised for issuc by thc Iruslccs on 14 October 2024.
2 Aceountlng polleles
Summary of significant IlCCOUhting pDllclei key accountlng estlmAt¢
Thu principal ÉiLcuun(ing policie8 applied in Ihc prLparaliun of lh¢￿ financial slalemenls ar¢ .%cl uul bclow.
The.8L policics have been con8islLnily applied to all the yellrs presented. un1¢5S Othctiyisc slated.
Statement ofcompliance
ThL linancial slatem¥nls huvc brcn prepared in &LL()rd#nLI wilh ALcounling and Rcporting by Ch&riliLS.'
iatLmcnt ol- ReLamm¥ndLd PraLlice (appliLablL I(1 LhdriiiL5 prcpuring ihcir accounts in acc(Jrdance wilh th
inancial Rep(?rting %￿ndard applicable in the UK and RcpubliL of Irlland (FIIS 102)) li&8ued in ()clohLr 2019)
(Churities SORP (TrRS I U2)), the finanLial RLpofiing Siandard upplicablc in the IJK and RepubliL l)r IrLlund
(FRS 102) and ihc (:umpanicy Act 2006.
BASIS of prepgration
Villa Scalubrini mL¢ls ihc definition (If d public bcncfit entity under fRS I n2. AIsLls dnd liabililiis #rl initially
rL'Logniscd at hisii)riLuI ¢vsi or Iransaction value unliss uihLrwisL slul¢d in Ihc relevant accounting puliLy nulls.
Going eoncern
Thc trustccs consider thd( thLYL ar¢ no material unccrtainlies aboul thc charity's ability to continue as a going
LonL¢rn nor any significanl arcas of uncertainty thaL affeLI Lh¢ value ol'assels held by the charity.
In¢ome and endowments
All income 15 ￿c08n15Cd once Ihe charity has enliilement lo the income, it is probabl¢ that lh¢ incomc will be
received and the amount ot the income receivabl¢ can be meusured relimbly.
Donathin¥ andlqacles
Donatiuns are recognised whcn thc charity been notified in writing of both the amount and settlemeni datc.
In thc evenl ihul a donation 15 5ubjcct lo conditions ihat rcquirc a level of perlormtinie by lh¢ churily belvr¢ the
lI￿riLY iy LiiliLILd Lu LIIL funtl.¥, thL illLumL is dLfurrcd nol rLLognised until eithci. thosc conditioiis are fijlly
met, or the fuifilmcnl of Ih05c conditions is wholly within thc control of the rh4rity and il is probablc ihal thcse
cortdilions will bc fulfilled in th¢ r¢porting pcriod.
Page 17

Villa Scalabrini
Notes to the Financial Statements for the Yeydr Ended 31 March 2024
Grants receivable
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to th¢ grants
havc been met. Where performance conditions are attached to the grant and are yet to be met. thc income is
reco2niscd &s a liability and included on the balance sheei &8 deferred incomc to be releascd.
DefeFredlftcome
Defe￿cd incomc r¢prcscnts amounLs rcccivcd lor futurc pcriods and is r¢l¢as¢d ¢0 incoming r¢sources in the
period for which, il ha& been reLeived. SuLh income is only deferrcd when:
'I'hc donor spccifics that ihc grant or donation musl only bc used in tiiiure accounling periods; or
The donor has impvsed Lvnditions whiLh must b¢ mel b¥for¢ Ihe iharity has unLunditii?ndl #nliilement.
Inveslmeni Income
Dividcnd5 arc reco8ni8ed once the dividend has bcen declared and nolifiLalion h&$ been received of the dividend
due.
Expendltvrt
All ¢'xpcnditurc is rccogniscd oncc ihcrc is a Icsal or consIn￿lIve obligation lo that expcndilurc. it is probublc
sLiIILmcnL 15 rc4uircd and ihc 4imounl cun bc mcusured reliably. All cost8 are allocated io Lhc dpplicublc
expendilurr hrudin¥ ih&l ag¥rL￿Ll similur L(isl8 lo that culLgVry. WhLfL Losts Lunnol bl dirLLily aiiribuicd lo
puriiLular hcadin&8 they huvc been allacatcd on a husis consi.8lent with the use of resaurces. with cenlral sidn-
Losls allocalcd on the basis of lime spenL and depreciation char¥e.8 allocalcd on the portion of the &&8el's usc.
Qther suppurt C0&4ts urc alloLalLd bascd on IhL' sprcad vfblulT cosls.
Ralslnglunds
Thcse are costs inLurred in attraLtinLT V()luntary income. the managcmcnl ol. invc¥LmcnLs tind ih()%e incurred in
iTh￿Ing dclivilics iha( raisc funds.
Charliahle acrfvliies
Charildhlc cxpcndilurc Lompriscs ihosL Lo&iS inLurrcd by ihc charity in Lhc dclivcry of its aLLiviIiLS dnd sLrvicc
ror ils beneliciaries. It includes both costs thai can be alloLated dircLily tu SULh activities and those costs of an
indircct nature necessary tctr.support them.
Governance coyts
These inLludL thL L()sis' ullributhblc lo IhL Lhttrily's Lompliancc with cortslilulional and slatuiory requir¢m¢nts,
includin8 audit. 5trate8ic management and irustees meetin88 and r¢imbur.qL.d Lxpcn8L'%.
Government grants
Gov¢rnm¢nt gr8nls are r¢¢ogni8ed based on the accrual m()del and are mc(isured at Ihe lair value of the assel
rcccived or rcceivable. Grants are classified as relating eithLY to revLnue or tu asYl%. CFrants relating to revenue
arc rLLvgJnl￿"d in inuomc ovcr Ihc pcriod IT] which thc rclated costs are recogniscd. Grants relaling lo a￿lS arc
r¢¢ognis¢d ov¢r Ihc ¢xpcctcd useful life of the asset. Where part of a grant relating lo an asset is deferred. it is
rccogniscd as dcferred incomc.
P￿C 18

Villa Sealabrini
Notes to the Financial Statements for the Year Ended 31 March 2024
Taxgtio
The Lh￿lty is considered co pass the tests sel out in Paragraph I Schedule 6 of the Finance Act 2010 and
thcrefore it meets the d¢finition ol- a Lhariiable company tor UK corporation tax purposcs. Accordingly, the
charity is poienlially cxcmpt from taxation in respect of income or Lapithl gains r¢Leived within cateLtr()ries
covered by L'haptir 3 Purl I l of the Corporation Act 2010 or Section 256 of thc T￿allOn ol. Chargcablc
Gains Aci 1992, to the extent that such inLvmL or gains are applied exclLL8ively to chariiable purposes.
Tangible fixed auets
Individual fixcd asscts costing £1 00.00 or mor¢ urc inilidlly recorded at cost.
DepreelAtlon 4nd amortiJAtio
r)cpr¢cialion is provided i)n lan¥iblL fix¢d assets so as to wriie off the cosi or vulualion, less any estIma￿d
residual value, over Lheir expeLtc(l u￿ruI cconomic life as follows:
Amet class
rrcchold pr(trp¢rty
E ixlurLS und fitiings
Mi)(ur VLhiclcs
Depre¢i8tlon method and r4te
Ovcr 50 ycars
15.200/o Reducing balance
25Yo Reducing balancc
ReseArch 4nd development
RcsL'arch and development L￿pLndj1url IS IITIIILn otl-&s incurred.
Fixed asset investments
Fixed asset invistminls. othLr Ihun progrwnme related invLslmLnis, arL includLd ul markcl vuluc dl IhL b4tlunLL
shLLt dalc. RLalised gains and lo.8se8 ()n invL51mcnis arc calculated as the ditlerence between sale8 proceeds and
IhLir markcL value at the start of the year. or Ihcir subscquenl co$4 and are charged or credited lo the Siatemeni
ol'Fint￿LLal ALl1vi(i￿ in th¢ pcriod ol-dispo.sal.
Unrcalised gains and Ii)&scs ￿'p￿'s¢nt ihe movement in markcl vuluLS during thL yLur and urc LrLdit¥d or
charged to the Si&￿ML￿t of FinJn¢ial Aclivili¢s b&sed (Jn th¢ m4rkLi valul al IhL' yLar Lnd.
Trade debtor$
Trade debiors are amounts duc from customcrs for merchandise siild or %ervictts perf()rm¢d in the ordinary
course vl. busin¢55.
Trade debiors are recognised initially ai thc Iransaction price. They are subsequcnily me&sured at amorti￿d cost
using th¢ effiLIIvL intcr6sl mcthod, less provi8ion for impdirm¢nl. A pruvision lor lh¢ impdimi¢nl vf Irud¢
dcbiors 15 established when thLrc its ubj¢cliv¢ cvidcnce that the charity will not be ablc to LoIILut all umounls du
according tv thc original tern15 of the receivabl¢5.
Cash And cash equivalenty
Cush und cash Cquivdlcnls LumprisL Lash on hand and call dep()sits, and ()th¥r .sh(irt-tLrm highly liquid
inv&%lmenlti Ilial urL* fLadily LonvLfLiblL lo a knuwn Jinounl of cash dnd are.iubje¢l lo ttn iii%igiiilic8iit ribk or
change in value.
Pagc 19

Villa Scalabrini
Notes to the Financial Ststements for the Year Ended 31 March 2024
Trade creditors
Trade Lrediti)rs are obligations lo pay for goods or services that have bccn acquired in the ordinary course of
busincss Irom suppliers. A¢counis payablc are classifi¢d Lurrenl liabilitics it thc charity does not have an
unLunditiOT]al righL at ihe end of Ihc rcporting period, to defer .settlemenl vf thc crcdilor lor al Icast twelvc
month.s after Ihc rcporting date. If thcrc i.q an uncondilional right to dcfcr s¢tLl¢m¢nl for at least twelve m()nih5
aft¢r th¢ r¢porting dalr. thcy arc pre5eni¢d as non-currrnl liabilitiCS.
Tradc creditors arr r¢Lvgnised initially at the tran￿llIon price and 5ub5cquently mcasurcd at amortised cvst
Using ihc eftective intcrcsi method.
Borrowings
Interest-bedring borrowing.8 are initiully recordcd al fair valu¥, n¢t of iransaction costs. Inlcrest-bcarin
borrowing% arc 5ttbsequently carried al amiirtiscd cost, with the diffcrcncc beLween the proLccd%. nc( of
IransaLlion co.8(s, and thc #mount duL on rcdemptitsn b¢ing reLognised as a charg¢ to Ihc Siaicmcnl of Financial
Aciivitici ov¢r Ihc period of ihc rclevanl b()rruwing.
Inlcrcsl expen%L is rccognised ()n Ihc basis of Ihc cffcclive interest method dnd is included in interest puyablc
and similar charges.
Borrowin&y ar¢ Llassificd as Lurrcnl liabiliLie% unl￿5 Ihc charity h&% an uncondilional right ￿ deter %eLilcm¢ni of
IhL liability lor at ILU$I Iwclvc months uftLr the reporting datc.
Fund structure
UnrLslricted inci)m¥ funds are gcnLrktl fund5 that arl available for usc at thr IrusiLUS disLrclion in furtheranLL of
thc objective8 ()f IhL charity.
r)Voignated funds arc unrestriLtLd lunds set &sidL lor spccilic purpn.4es ut ihL di5LrLlion ot the tr￿81¢&8.
Rcstricied incvmc funds are thosc donated ltir usi in 8 particular ()r for spccific purposes, thL USL ()fwhirh
is re8lricl¢d lo ih&l drea or purpobc.
P¢nJions and other post retlrement obli8Ations
'rhc charity i)pcral¢s a defined cvnlribution pcn5ion scheme whiLh is a p¢nsion plan under which fixcd
c(Intribulions are paid inio a pension fund and Ihc charity hus nu Icgal or construLtiv¢ ()bligulion lo puy tiirther
contribution5 even if Ihc lund does ni)t hold sufficient a55cls lo pay all ¥mpluycus IhL bLncfits relating lo
¢mpluyce service in ihc current and prior periods.
Lonlributions to dcfined contribulion plans are rccogniscd in the slatemenl ufF inanLial Activities whcn Ihcy arc
due. If cvnlribution paymcn(s cxceed thv Lonlribulion due for scrvicc. thc exce.45 is reLI)¥nised us a prepayment.
Pag¢ 20

Villa Scalabrini
Notes to the Financial Statements for the Year Ended 31 March 2024
3 Income from don4tions and legaeies
Unrestricted
funds
General
Restricted
fund8
Total
2024
TotAI
2023
Don&iions and legacies.
Donations from individullls
56,266
106.165
162.431
85,582
Gov¢mm¢nl grants
Grants. from othcr charitie$
24,280
21,200
21,2
56.266
127.365
183.631
109.¥62
4 Income from chArltAble Actlvltles
Unrejtricted
funds
General
TotAI
2024
Total
2023
Rctr*pilc carc
E)rivale funding
Local auihuirty funding
lospitality incom¢
132.027
1.843,492
739,300
63,384
132.027
.843,492
739,300
63,384
9U.407
.788.342
723.311
53,880
2.778.203
2,778,203
2.655.940
S Investment Income
Unrestricted
fuTrd$
Gencral
Total
2024
TotAI
2023
Interest r¢¢eivabl¢ tffid similar income.
Other interesl receivable
48,562
48.562
10,392
6 Other ineome
Unrestricted
TotAI
2024
Total
2023
General
Fundraising income
26.405
26.405
32.475
Page21

Villa Scalabrini
Notes to the Financial Statements for the Year Ended 31 March 2024
7 Kxpenditure on charitable aetiviti
Unrestricted
Total
2024
Tot41
2023
Gener81
Restricted
NDte
Food purchases
lJiility costs
F'slablishmertt costs
Rcpairs and
mainicnanLC
Officc exp¥nscs
Priniin& p()￿Ing and
sl#tionLry
undry and other
cost
Cleaning
Motor expcnses
Advcnsing and
prom()Lion
'rrainin8 and ￿'1[￿r¢
Losls
128.582
10.258
31,143
128.582
110.258
31.143
118,132
81,969
28.930
120,523
11,459
126,523
11,459
76.579
9.494
16.123
16,123
10,174
39,758
36,105
4.147
39,758
36,105
4,147
34.853
30,OU9
4,934
3,047
3.047
2,192
14,651
14.651
7,362
cpreciali()n.
murtisation and
othLr similar cthsls
Statl'cusl
Cyovernlincc costs
193,016
,760,925
57,601
193.016
1.760.925
57,6111
180,373
1,732,424
29.525
2,527.338
6.11110
1533.338
2,346,950
Other expenditure
Unrestricted
fund$
General
Restricted
funds
Total
funds
Note
Dona¢ion.4 paid
36,0(N)
36,000
Total for 2024
36,000
36,00
Total (or 2023
33,0011
2,265
35,265
PaEe 22

Villa Scalabrini
Notes to the Financial Statements for the Year Ended 31 March 2024
9 Analysis of governance ind support costs
Governance cojts
UnreBtricted
(und8
General
Total
2024
Total
2023
Audit fee5
Audit of Ihe financial statements
Oihcr fees paid to auditors
l.Lgal f¢Ls
Ilank Lharges
7.800
12,409
37.129
263
7.800
12.4()9
37.129
263
6.900
8,1119
13.903
533
57,601
57,601
29,525
10 Net Incomlngloutgoing resources
Ncl inLoming rcsourccs for Ihc yLar includc:
2024
2023
Audit fees
rJ¥priLiulion ofiixcd asscls
7.8IM)
193.016
6.9011
1¥0,373
I l Trustees remuneration and expenseA
No Irust¢e5. nor any persons cnnne¢l¢d with th¥m. havc rL'ccivcd any remunLratiun from Ihc charity during ihc
No trustees have reL'eivLd uny rcjmbursL￿ LxpLnscs or any oihcr benetil8 from th¢ charity during Ihc y¢ar.
12 St8f(¢0815
The aggregate payroll costs were as follows:
2024
2023
Staff costs during the year were:
WagL.% and balJri¢s
Social &LLurily costs
Pension cos15
1,592.621
1311,074
30,230
.566.932
137,185
211,307
1,760,925
,732,424
Pag¢ 23

Villa Scalabrini
Notes to the Financial Ststements for the Year Ended 31 March 2024
Thc monthly averdge number al- persons (including senior managcmenc I leadership (eam) employed by the
charily during the year exprcsscd &8 full timc cquivalenls was as follows..
2024
2023
Residential home
65
55
56 (2023 - 55) of Ihc abovc employees participalcd in the Defined Conlribution Pension Schemes.
Thc numbcr of Cmployees em()lum¢nls fell within the following bands was:
2024
2023
£60,001- £70,000
'I'hL lotsl Lmpluycc tKnetits ofthe key mandgcmcnl pcrsonncl of thc charity werc £167.255 (2023 - £171.999).
13 Auditors, remuneration
2024
2023
Audil of the linancial .81aiL"mcn
7.11011
6,900
Other fees to auditori
All oihcr non-audil Services
12.409
11,189
14 Taxation
'l-h¢ charity 18 a registered Lharily und is Ihcrclorc exempl from t&xation.
Page 24

Villa Scalabrini
Notes to the Financial Statements for the Year Ended 31 March 2024
15 Tangible fixed assets
Freehold
Land And
buildings
Furniture gnd
equipment
Motor vehieles
Total
C08t
Al l April 2023
Additions
8,173,881
733.615
632,029
6,X76
13.559
8,819.469
740.491
At 31 MarL'h 2024
8,907,496
63¥.905
13,559
9.559.960
Depreciatlon
Ai l April 2n23
Lhargl for Ihc year
657.745
17¥,150
566.519
14.477
12,IIU4
389
,236.268
193.016
Ai 31 March 2024
835.895
580,996
12,393
,429,284
Net book vAlue
Ai 31 Murch 2024
8.071,601
57,1)09
1,166
8,130,676
Ai 31 MarLh 2023
7,516,136
65,510
1,555
7.5113,201
16 Fixed asset investments
2024
2023
OihLr investmen15
296,742
288,284
Other invutments
Other
investments
Tot41
Cost or Valuatlon
At l April 2023
Rcvaluktlion
2811,284
8.458
288.2¥4
8,458
At 31 March 2024
296,742
296,742
Net book vglue
Al 31 March 2024
296,742
2Y6,742
At 31 March 2023
288.284
288.284
Page 25

Villa Scalabrini
Notes to the Financial Statements for the Year Ended 31 Mareh 2024
17 D¢btors
2024
2023
Trade debtors
Prepaymcnls
Other dcbtors
51.429
5.045
1,100
700
4,547
1.689
57,574
6,936
18 CAsh and CAsh equivalents
2024
2023
C&8h on hand
C&8h at bunk
364
2,059,189
2.184
2,163,W6
2.059.553
2.166.09t)
19 Creditors: Amounts fAlllng due within one year
2024
2023
Trade crL'dilors
Other taxalion and social security
Pcnsion schemL ￿rl￿1tur
Accruals
Deterred incomc
106.649
38.764
7,065
44,018
20,937
22.932
52,016
6,957
53,676
57,127
217.433
2024
192.708
2023
D¢fcrred incomL at l April 2023
Resour¢¢8 dLf¢rrL'd in ihc period
AmounLs rclcascd from prcvious periods
57,127
20,937
57,127
50.317
57,127
50.31
D¢f¢rr¢d income at year end
20.937
57,127
20 Penslon and othtr schemts
Defined contribution pension scheme
The charity operalcs a dcfincd contribution pension scheme. The pension cost chargc for the ycar rcprc5¢nt5
contrihutions payablc by thc charity to the .SLhcmc and ￿￿ll￿ted tu £30,230 (2023 £28,307) and this expense
Ills been all()¢ut¢d in l.ull LO unrcb4Liici¢d ILinds ()ll ihe basis ihul il. rel&lL'y uiitirely ID ihL-runninu ol. tli¢ h(ImL.
Page 26

Villa Scalabrini
Notes to the Financial Statements for the Year Ended 31 March 2024
21 Reserves
UDreslricted
revaluation
reserve
Total
Ai l April 2023
Unr¢alised gain on investments
124,326
8,458
124,326
8.458
At 31 MarLh 2U24
132.784
132,7114
UNrestrieted
revalvation
reserve
Total
Ai l April 2022
Ilnrcaliscd gain on invcslmcnl$
123,270
1,056
123,270
1,056
At 31 MurLh 21123
124,326
124,326
22 Funds
BalAnce at
l Aprll
2023
Other
Balance at
recog￿lSed 31 March
TrAnsfer8 gainsl{losses)
2024
Incomlng
resources
Resources
expended
Unrestrlcted funds
Gcncral
11.003.477
2.909,436
(2,563,950) 11,208,458)
8,458
7.148,963
Dc5ignated
Rev4luulion reserve
1.71111.000
124.326
1.3(K),QOO
¥,458
3,OOQ,O(
132,7114
Total unrejtrlcted
rundJ
9,827,803
2.909,436 (2,563.950)
127.365
6.000
i 00.000
8.458
10,281,747
Restrleted fund8
24,000
100.000
45,365
Total funds
9,851,803
3.036,801
(2,569,950
11,4511
10.327,112
Page 27

Vill2 Scalabrini
Notes to the Finaneial Ststements for the YeAr Ended 31 March 2024
Bglance 9t
31 March
2024
Balanee at I
April 2023
Incoming
resourees
Resources
expended
Transfers
Re8tric¢ed funds
RSA Trust donation
Demenlia Lari" donation
NLW Wing donaiion
Donations for 81dff
RSA Trusi gran¢
24,000
24.000
6,000
100.000
165
21.2UU
(6.000)
(i 00.ooo)
165
21.2UO
24,0￿
127.365
16.UUU)
( iuo.000
45,365
Balance at
l April
2022
Other
B•lanc¢ 4t
Incoming Resovrees
reco¥nised 31 March
resour¢¢J
expended Transfers gain$l{losses)
2023
Unrestrlcted fundj
Cicneral
9,277,023
2,761.120 (2.361.920) (1.673.802)
1.056 8.￿3.477
r)csignatcd
1.700,000
1.700.000
Other
123,270
1.056
124.326
Total unrutricted fundj
9.41MI.293
2.761.120 {2,361,9201
27.254
1,056 9,827,803
Restricted fundi
24,000
20.295
27.254
24.OL)L)
Total funds
9.424.293 2.808,669
2,3112,215
I,U56 9.1151,1103
Page 28

Villa Scalabrini
Notes to the Financial Statements for the Year Ended 31 March 2024
The specific purposes for which the funds are lo be applicd arc as follows..
Thc Designated funds have been created by the Trustccs for thc costs rclatcd to the new wing.
The Restricted fvnds held are for-
R%A dunaliL)n- In 2021 a donation towards from R%A was reLL"ivLd Ivwards a new kitchen in the new dining
room. I'his has still not b¢Ln compl¢tsd but therc arc plans lo do this n¢xC ycar
RSA Tru%t granl. I'his relates to a donalion agreed by RSA whiLh will paid io thu LarL hom¢ ovLr 3 yLars it is
towards interior renovktlion. this wurk has noi y¢t commcnced but is cxpecled to be complcl¢d next year.
l)cm¢ntia carl dvnution- 2 donation8 wLre rcccivcd in the year tor the purpo8¢ ul. imprvving the DemLnti
environment thLb¥' donalions were ulili.%L"d again51 costs in the year lor that purposL.
NLW wing donation- 'l-his dvnalion reLeiv¢d from Mu/.i.ini Garibuldi Foundation towards the cost of
cxILndin¥ and updating Villa Scalabrini. This wurk Lommcnccd in ihc year and is expected to be completed by
Scptcmb¢r 2024.
T)onalions lor Siuff- r)unations were receiv¢d spccilically for .8laff in the year, this gel% dislribulcd to the .%td
viu the puyroll once the amuunl Is slgnilicant enough thcrLforL Ihis Jmounl will bc cxpccled lo bc dislribuled
nrxl yLar lo slali.
The purpth8C ()rtrunslcrs were=
Designalcd funds- a Irdnsfer ()r runds havc bcen made tur th¥ cos18 inLurrLd su fur un IhL new wing dcvclopmcnt
w()rk.4 which commenced in ihc ycar and ￿ditIonal funds work u]1￿￿1Cd lo dcsi8nalcd as inlcrnal
rclurbishments wurks havc also been agrrLd.
RLvalulion rcserve- a tr&nslir h&8 bccn made tar revulu&lion gain in Ihc yLar on lixcd asset investments held.
Restricted funds• a transfer of fund.¥ w¢r¢ madc lh¢ reslricted funds received for IhL' purposc of Ihc ncw wing
WO￿ fully utili.sed io h¢lp fund the costs which h3vc oxco¢dcd lh¢ donation r¢¢¢iv¢d in th¢ year.
23 Analysis ofnet Asitts between funds
UTrre$tri¢ted
funds
Generil
Total funds It
31 Mgrch
2024
Restricted
funds
Tangible fixcd 8ss¢Is
Fixcd a55cI inveslm¢nls
Currcnt assets
8.130,676
296,742
2.071,762
217.433
,130,676
296,742
2.117,127
(217.433)
45.365
CutTent liabilities
Total.net a55cts
10.281.747_
45.365
IOJ27,112...
Page 29

Villyd Scalabrini
Not￿ to the Financial Statements for the Year Ended 31 March 2024
Unrutricted
funds
General
Total funds at
31 March
2023
Restricted
funds
Tangible fixcd asscts
Fixed assct invcstmcnts
Current assets
Current liabilities
7.583,201
288,284
2.149.026
192,708
7.583,201
288,284
2,173,026
192,708
24,000
Total nct assets
9,1127,803
24.000
9.851.803
Page 30

Villa Scalabrini
Notes to the Financial Statements for the Year Ended 31 March 2024
24 Analysis of net funds
At l April
2023
Financing cash At 31 Mareh
floivs
2024
Cash al bank and in hand
2,166,090
106,537
2,U59,553
Nct debt
2,11)6.OYU
At l April
2022
(106,537)
2,059,553
Fin*nciThg cA$h At 31 Msrch
flows
2023
l.ash al bank and in hand
1,572,1116
594,074
2.166.090
Nci dcbt
1,572.016
594,074
2,166.090
25 Rtlattd pgrty trAnsactions
During thc year the charity mad¢ (hc following rclalcd party Iransaclions:
Scalabrini Fa¢hers Company
Iscdlabrini fathers Company is a rcgislcrcd with the Charity Commi,¥%ion undLr rlf¢rLn￿ 1141084)
uring the year Villa %Laltibrini paid donations lo Scalabrini Faihcrts lo(alling £36.000 (2023.. £33,000) for ihc
year. Ai ihL balanLL sheet date the umi)unl duc loifrom Scalabrini fathers Company was £Nil {2023 - £Nill.
Pagc31