Company registration niimber: 4750130 Chai'ity registration nLimber: 1102881 Villa Scalabrini (A company limited by guarantL'e) Annual Report and Financial %tatemeiiL8 for the Year Ended 31 MaKh 2025 8t¢rling Grove A¢¢oiintants Limited Chail¢red Ccrtified Accountant5 und Slatulory Aiiditors Fawley House 2 R¢galta Place Marli)w Roud BoLim¢ End Biickingliainshire SL8 STD
Villa Scalabrini Contents Ilcfei'enc¥ and AdininistrJtlVL Deiails %iiatcgic l£ci)ori 'I'uyteL'%' IIL'port 3to6 %14ltLmbni of'l'i'usteLs' Ilesponsibilili¢'s Indcp¢iidciil Auditors, Ilep()tl StalcmLnl uf l- intClI11 ALIiviLies 1210 13 13iiliinLL SIIc¥l 14 SiaiemL'nl ol-(:&¥li I l(Iw% Ni)ILS Iv IhL I, inkinciiil %iatL'mcnls l (} 1(1 2<)
Villa Scalabrini
Reference and Administrative Details
Trustees Mr Michael Polledri M.B.E. Fr Francesco Buttazzo Fr Giuseppe Bortolazzo Fr Geraldo Melotti Junior Fr Mauro Lazzarato Mr Stefano Fiori Mrs Lisa Ciccone Mr Francis Giacon Rev Tam Nguyen Van Secretary Lino De Almeida Charity Registration Number 1102881 Company Registration Number 4750130 Registered Office Green Street Shenley Herts WD7 9BB Auditor Sterling Grove Accountants Limited Chartered Certified Accountants and Statutory Auditors Fawley House 2 Regatta Place Marlow Road Bourne End Buckinghamshire SL8 5TD Bankers CAF Bank Limited
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Villa Scalabrini Strategic Report for the Year Ended 31 March 2025 ThL Irii.4ieL.8, who arL dirLclors for IhL PLirposes oL-ci)mpany law. pi'Lsent their stralcgic report loi. the >Lar ended 31 Marcl) ?025. in con)pliancc iviili .8414C ol'ilie CompJniLs ALt 201)6. "rhe financial 8laten)enl8 have bLL'n prepartLd li) aLcurdaiiLL with the 0ntIng policies set oul in IhL noles lo the aLcounl.s and Ll)IMply with the charity's g(Iveriiing d()Liimenl, IhL Chdrilies Acl 2011 und ALeounling and Repoi1ing by ChariliLs: Stalement c)f RLX(InimendcLI I)raLIiLL' thppliLuble Io Lhai-iiies prLparingy thL'ir aL¢()LinlS in aLL(Irdaii¥L wilh Ihc T.'inanLial Rep()rtingi %iat)dard appliLahle in tl)e IJK and Republic of IrelaiiJ pul)lisliLd on 16 July 2014. FinAncial review In 2023124 the chJrity'8 4ic¢ounl8 shoiy a surplLlS ()t'£71)9,614 (2024.. £475.3U91. Th¢ charily iiici)me l¥v¥l% incrb'tL8ed Iri)ni £.1.0.37m lo £3.51 ?ni due to in¥r¢a8L' lies and high l¢vcl of oLLiipuncy levels Ilirviighoul thL yeai.. Costs have iliLrL'asL.d friim £2.570m l<) £2.71 Im whiLh Inainly du¥ 10 yl¢ilT Losls incrLa%ty lo MLCI IhL dL'mand% c)r Ihty hi)mL' and dLpr¥cialivn chargpL inLI'eas¥d <1% a rLsuli of uddili()n co%t$ ()I' Ihe New Wing, IiilL'ri(Ir l)L8igrs, Iliim l)Lsign and I'irL %iop l)rojLLt¥. 'IThL ticL(iunliii¥ figui'e.¥ appLur lo hc N'Lry rvhu¥l, lio1evlr wc ¥onslaiiily rL'ViiiV prinlipal risks and unccitainliu% 4udrlLrly. Pollcy on resttrvvs 11 is IhL' poIiLy ()I' tlic knhurily li) miiiiilain suifiLieni unrL'StriLILd fund.8 al ihL levLI whi¥h iti 8iniilar l(} nne yeai cxpLiI(lilLifL IcvLls l()r chariliihlL' uLtivilie4. 'I'his policy LnublL8 ihc hoinL' ILI mainl¢iin ils .%tandard¥ ¢vLii in il yeai. i)I'dilliLuliy. 1-hc Irii.8ILes havL IhL' Pl)wer l() inv¢st in 4ULh sti)cks and sharcs: invesimcnls and piDpLrly i).8 (hLy 8LL fil. 'I'hc truslLes li()Id IhL In&ijiirily ol lui)d4 (In inlirL"51-heariiig dLposII ii'itli a small iiivLslmciil held in C:Al,- 14ulanLLd (iriiwih liUlId, 'I'hc ¥lrulegiL I'LPOrt wus appixTrv¥'d hy IhL¥ Inislccs ofihe ¢harily ()n 27 ()Lt(Ib¢r 2025 a]id signLd i)ii il% bLhalf'by'. I. ( ILISLPP orLcFIJ//.v Page 2
Villa Scalabrini Trustees, Report The trustees, Ivho are direLtors for the purposes of company law, present ihe ant)ual report together Ivith th tinancial slatement8 at)d auditors, rL'port of thL LhJrilable Lompmy lor th¥ year ¢ndLd 31 Mairh 2025. Trustets and offlcers The trustees und ofticers sL'rving during thi y¢ar and sinkn¢ thc year end were us lollows: Tniste¢s'. Mr MiLhael Pollcdri M.B.F.. Fr fi rancesco Fr Giu¥eppe Bortolauo rr Ciei'aldo Melotli Junior Fr Mouro Lazzaralo Mr Siefani) Flori Mrs Li88 Cicc()ii¢ Mr Frnncis Giac(In rr Jovajmie Posirano (r¢41gned 13 Jun¢ 2024) Rev 'l'am N8uYe Van (&ppvinled 21 Novcmber 2024) S¢Lwtary: Ci¢n(il Cjoncalves (resigned 12 July 2024) Lino Dc Almcida (app()intLd 26 July 2024) Page 3
Villa ScAlabrini Trustee8' Report Objectives nd etlvities 'rh¢ Charity IS LommillLd to providing qLialily. pcr%on- CLntsYd, carLh ID ils fL%idenL8 in a friLndly and Ivelioming ciivironmcnt. To do ihi4. slaIf ure key. "I'lie Lhiirity pi'ide.s ilscll. (iii thL professionalisin, dLdicalion and ommiimttiil ofiLs statt-. Iliiwevei., the .1 I'LlStees arc awar¢ ()1 lh¥ ditliGul(iL.¥ whiLli thL care sectnr fa¥c8 in lern)8 01. slatl recruiltneiit aiid rctenli(In. Wilh thiy in mind, Ihe ('harily pi'ovidcs i10rdIabIl acc(Trnim()d41tion to sl&ifl' b()th on-sitc and in a hou%¢ in %hLnley. ThL' Ti'uyl¢¥.8 als() SL¥k li) Liisure thai ils slall- are paid a lair markLI $alaiy and Ihul ilicy operaiv in SUPPUtlive and li'iendly envir()nm¥nl. 'T'hL' I rusiLcs iise v(Irioiis Incaiis and si)Lirue% lu &iuugL IhL' Villa's pLrr()rin<1c¢. ThL.SL' in¥liidc ilSSLI.%mLnls dnd rL"pnrl% muilo bv ihL. Lthre Quality C,oinn)is%ii)n by Ihos¢ l(JLtIl uuih()ritiL.% ivho ¥upp(Frt rcsidL'nts al Ili¥. Villii. Villa SL&labi'ini h£is bLLn i-dlLII -uulst£mding' by the C.Q(; 8inLe fLbivury 20211. 1.he I'rii%lL¥8 disu havL regai'd lo IccdbaLk friim rLsidents aiid their families and visi%li)rs. b(Ith f()rni&l Lind inl()rin&l. 'I'he 'l"ruslett8, Iviill the Villil's mai)agiLffl¢iil Ic'am. al80 ¢onlii)Lially geek lo impi'ovLD I1)c laLilitics at Ilic Villa. -I'hL coiisli'ucti4)n (Il. ¢1 n¢w wing c<)InnienL¢d in NovLmbci' 2023. 'fhi% ii¢w w'ing will pi'ovide YL'vcrul nLiv rooms for rL'.4idents as WLII as s()n)¢ dddilioiial 8lall' ac¢i)min(Idalioii. 'I'l)Ll'L l)avL been .%oinc Lh¢*lleng¢% will) this projLLI iiiid it 1% ii()i ¢l¢ai', al this ¥l<)L., NvhLI) li ,11] hi L(Implcli.d. A Ll)mplulL rclui'bishnici)I i)I' IliL' coniinon arca5 and IhL re.4idLiI18' l'ooins lias bLLn uiidcrtakon. l() Inakc IIiLm mi)rL LillttiLIiv¢ ¢ind b¢nctlLidl tu rLsidLnls. stall- lind visili)I'.%, b(Iih uplralionallv £ind aL%ihLIiLally. 'I'his pmjLcl is virluiilly Lomplcle Jnd IhL lecdb<iLk fi'i)m .%lull'. rL%idLiil% £tftd visitor.¥ has bLLn pi)4iliv¢. In rLspon%L l() li rcLommLdtttI()n fri)m a.%upurvisinbJ aLiihurily, IhL' Villa has inslullLd a buLk-Iip g¢nLrator. 'I'hL' frLinction hall, Ll(1sc (() IhL main l)Liilding, i¥ al¥0 huiiig rLluil)ish¢d with <1 %igiiilicant ()I' Ihc Loyl bLin bi)rnL by tl)L FriLndy ol. Vill4 %Lalabrini. For th¢ long7LI' ILrn), IhL .1 ru.slges cnnlinu¢ lo con¥idi'r ivays in whiLh ih¢ Villu m(iy be ¥xpund¢d (ind iinpi'i)v¥d lurtiicr. in Il)¢ sL'rvi¢¢8 pr()vidL' in thiy liiiaiiLial yLar. The Tru%tLL8 wish io Ihai)k: iii paitiL'uliW Ihc Iiuliai) Medical Cliarity, the ma7.l.iiii-ci'Iba1di I,'oundaliuii aiid ihe IISA "frLlSt f()r Ilieir.sigiiificanl tii)aiiLial suppnrt.
Villa Scalabrini Trustees, Report Public beiiefil ThL Charily'.s activiliL'S (OCLIS on providing care to the LldLrly Jnd &'e undL¥rtaken to fiiriher the Charity's ivi)rk for the bL'nelil ol-thL' PLibliL. Alihough Villa %calabrini was (ii'igirblllly LStablishL'd for the purpose of accc)mmodil(iiig 41nd cai'ing mainly flir eldLry Iithlian8, it noiv oif¢ry ¥qual ()pporlunities to all cultures, religions and nuli(InaliliLS. IheretorL iw¢lLoining all individuals. Villa SLalabrini lia% thL faLililiLs to UCLoinniodatc 53 rL8idciils. SOML art pfivaiLly lundLd ivhile (IihLr% arl. porl or fLlllv fLindknd Ihi'(iugh li)LuI Aiilhi)i-iliL's. On c(Impl¢lion ol. the nLw wing, un addili<)iial sevLI) ri)i)n)s Miill b¢ pIDvid¢d for r¥sidenis. ThL I'i'u.%lLe¥ arL minJfLIl of th¢ f¢¢s Ihot arc. ¥hiirged io rcsidenls and Lonlinue li) d() whui IhL'y Liin to ke¥P th¢ Villa's LliargL'8 at appropi'ialL' ILVCI, whi18t eiisui'iiig Ihe Lharily's solv¥ntyy. Villu %calabrini 1.% ¢ommitlLd io pi'oviding li'iL'ndly, dL'dityiil¥d cind prole8¥ii)nal Curc dnd .$LlPPOlt Ihilt the rc.sidL'nl4 reqiiii'L un(1 LxpLLiS all slalTttnd v()luiilL¢rs ti) Sha this ¢oinmilmLlII. Th¢ IVVLI i)f cai'L' pruvidcd dependy un lh¥ iiidividiial cii'¢iimstaiice% und Villa SLulubrini to rc¥og)Ili8L eauh rLsid¢nl's phySiL<il, Lmotiunal, s()Lial and spiriliial )d i() provide upprorialc.811pporl lo mLel Lhem. 'I'hL 'I'rii%tees ci)nfirni thai ihiy huvl Ll)mplied with the rL'quirLmcnts of seL'lion 17 (?I' the Chai'iii¢s ALI 21111 t hav¥ dLIL' regard lo IhL piibliL bLnclit g)Iiidimce publi%hLd hy lh¥ Charily Lommis%i()n r(Ir I n¥lun(l und WalLs. Structure? governanee management Nalure ofRoverniiig docunient -rhc ChurilublL ('ompuny, whiLh is Lin)itLd by guarantee, was ii)Lorpuraled (In l May 21103 linder rcgislratii)n niimbcr 47501.30 <iiid i¥ Ly(IvLI'nLd by ils Mem(IraiidLim and Arli¢l¢.% ol'As%oiiali()n. 'I'hc ci)mp&iny wd.4 rLgiNlci'cd with th¥ Charity Coinmis%ioft on ?6 Mah 2004 and given the number I l 0?881. Recruilmenl anil appollltmenl vflrusÉee$ When the nLL'd for a nLiv IruslL¢ is idenlified, a %LarLh ib LindLrtakcn foi. LundidMie8 lind then their 8ui14bilily is discu8.d und llppi'oprialL l)ackLYI'ouiid LlieLk8 uiidLrtakcii. A nLW trn8lee 18 ii)Irc)duLed al ilie next iippri)rialc IrustLe InL¢linbT bul docs not bcLomL a Iruylee uiilil thL' fL'%ult% ol'the chLLks arL' fL'cLived and IhL legal pri)CLsses hav¢ beLn ¢omplcled. Iniluciloii and iralnlnx ofÉru&'lees liiduction tak¢S Ih¥' torin ol. a mel'ting with other 'l'rusteLS diid, whLr¢ relevan( key staft. who explain re%ponsibililies Ic nd how Ihc Villu Ivorks. Th¢ n¥W Inisl¢e 1% ulso Supplied with Charity Lommission guidanLL on the trusleL's role and respunsihilitie.$. Page 5
Villa Sc2labrini
Trustees, Report
Oryuni.Talionol Sirtselure
'riiL day to da>, managemLnt ot ihe homc is undeitaLen by M iknanagemenl leuni led by Mi. l.ino d, Almeida. "I'he
niunugemLnL teain rLPOrt rLL)ulai'ly lo iht l-rLI8ILe.8.
Noi)e ol the I'riistees have any bLnLliLial inlLresl in IhL Lompany. All of the 'l'rustces ai'c InembLrs ()t the
company and gLiarÉmtLL lo conli'ibiil¢ £1 iii Ille LvLni i)l- a wijiding up.
'rhL Tnislk¢S meLil on a rcgul6)r bii8l5 to I'¢]LW ihe C.harily's pei-lormanL¢ and i)gue neil, guidclncc if rtLiuired.
'I"hi ¢hJrily is Loiiiieclgd lu the Sc&labrini l.'aihers Compaiiy {C'.haritie.4 Li)mmi5SLon r¢t¢rLnce 11410YAI and I
the RLgii)nal I'r(IwinLial lLou5¢ hascd in l4dsLI, Swit/.erland.
Flnan¢lAI liistruineiits
Ohjecilves dnilpollcleR
'I'IIL ('.h&iiity'S tIL(iviIiLb ¥YP()%L il ti) a nuinbLr (Il finunciul I'isk's inLILiding ¢rLdit I'isk: Lu%h tl(Iw risk lind li(iuidily
risk. I'hc usc i)I' financial dLrii.'alivcs 15 LYQlILI'nLLI b). tl)e cl)arity'% poliLi¥% appi'(Ived by ilic board ol. Iru.%lLL'S,
,hiLh pi'ovidc MrillLn pi'iiiLiplLS on thc USL ()(' linaiiciiil dorivalivLS 11) maniigL IhL,4c risks. 'I'hL chai'il>' d()L'.s ni)t
Lise dLrivalivL tinunLiol insli'uments lor SPLILilulivL piirp().sL$.
Crcdll rl.lk
"I'hc ('hai'iL% 8 priiicipal financiJl assets thrL bunk balancL.¥ aiid Lu%h, Irudc and oihci. I'LLLivablc8, aiid
invL8IIMLnly.
'hL C'.liai'ily'.¥ crL'dil risk- is priiiiarily dlli'il)ulablc lo ils Ir&dL fLLLiV
Villa Scalabrini Statement of Trllstees, Responsibilities 'I'hL& trustLes (who also the directors of Villa Scalabrini t.or the purposes of c()mpany laiY} arL responsiblL tor preparing Ili¢ (ruslLCS' rcport aT]d ihe finanLial statemLnts iii acc(IrdanLe witli &pplicabl¢ laiv and Llnileil Kingdom ALC(Trunting Siandards (l.Iniled Kin2di?m GenL'rally ALLLPted ALLouniing PraLtiLL), including FRS i o? rhe FinanLial Repoiling .%landard applicablc in the UK and Republic of IrLland" C.'omptiny law requires Ihc tru51ees to pi'LparL finunciul statLm¢i)Is li)r LaLh liiiaii¢ial y¢ur. Ilnd¢r company law thi. truslc¢s musl n()t <ipprove the linanLi<11 slalements iinless they are suiisfied thill tIiLy givL il IrLlC and lair vi¢w of Ihc slalu ol. arrairs of the cliaritable company and uf Ilie inromiiig rcsoiirc¥s aiid appli¥alioii of I'csouires, including ils iiic()mL and ¥xpLnditiire. of ihe cliaritable ci)mpany tor that period. In prepuring Ihese finthncial 5talem¢nls, thu tswstec8 ure r¢quirLd i(): .seleknl suilablc ilCLOLinliiig puliLiLS and upply IhLm consist¢nily' ()b8erve IhL methods and principles in tl)e Lhari¢ir5 S()RP: make judgyemLniy diid L51imul¥s that al'c reas()nablc and prLidenl' slalL whLthcr ¢ippIiL4blc ll¢L(iunliiig St)dardS, ci)mi)rising l.'RS 1112 havc been L"olloiv¢d, 8ul)jeL lo onv mal¥riiil dcparturL'S disLlosed and explainL'd in thL findnciai st<LmLnls: and prei)arc IhL liiianuial slal¥n)¢nts on Il)¢ ¥oii)g coiicLm basis unless it 1.8 inappropriale lo presumL that the hJrilablL Lompuny M'ill ci)nliniie li) bu8ine88. I"h¥ triistLcs urv responsiblL' r()r kLYping pri)i)Lr a¢coLinting reiords ihat ian (lis¢los¢ M'iih rL'a¥onJblL aCLUI'aLy al aiiy lin)¥ ihc fintincitil pi)811i()n (Il. IhL ¥hiirilllbl¥ ¥ompuny and ei)ablo IhL'm to LllSllI'L IhHI the linaiitiial stalLmL'I)I ¢oinply wilh tl)c ('.ompuniL>% ALI ?006. '1'hey arL' ul.%(I r¢$poT]%ibl¢ loi. satiguai'dinL' Il)¢ ass¢i.8 ()t' thc Lhariial)lL' c(Impany dliLI henLL foi. laking r¢usonubl¥ Sl¥p4 f()r thc prcvLnli()n anij dLL'Llion ol. frEiud aiid othei. ilTCg?uluriliL%. 'l-hL' tru%lLL¥ urc r¥.¥ponsiblc loi. IhL muinlL'ii¢inL¥ and inl¥grily ol IhL' Lorp(Iralc and fin£inciAI inlomalion includ¢d (Iii IIIL ¥hiirilublL Lumpany's wLbsilL. LL'gij.¥ldti()n guvLmiiig the i?rLP¢irali()n and di%.%i'ininali()n ()f rinanLial 8talLmLnt% Inay dill¢r fr()m Icgislalion in (IthLr jiiri%diLti()n%. Appri)ved l)y tiiL' Iru.41ee¥ (Jf the charity i)n 27 OclobLr 21125 dnd %igned ()ii ils bchall. by: I%L'PPtr '[ I'uslLL loi'tol¥l/./.()
Villa Scalabrini
Independent Auditor's Report to the Member8 of Villa ScalabriDi
Opinlon
We have auditLd the linancial stalcmenls ot Vi114 Scalabrini (the 'ch&irilN ) for ihe yer Lnded 31 M¢iruh 202),
i'hiLh LuinpfisL ihe SiatLniL'nl o( l-. inancial ALiiviIiLS, Bulunce Slieet, Si4ltLmL'nt of Cash I',Iow5, Éiiid NolL'8 lo thL
ilJ¢lllLi81 %tateineiils: inLliiding a sitynmary i)l- Signific1 aLC(?Linliiig p()licies. Th¢ linanLial i'Lpi)rting'
framcw'(Irk ilial lias been applicd in Iheir prLpai'atii)n is Ilnited Kingdi)m Accoiinling Standarils. comprising
L"hai'itics %()RP - I-,RS 1112 '1'1ie l.iiiai)Lial Riporting SLandurd upplicdble in the IIK and RLpubli¥ ol. Irelaiid, aiid
appliLablL laiv (Ilnilcd Kiii¥dvm Cicnirally Accepled Accé)Iinling PriiknliL¥).
In i)Iir opinioii the linJncial statem¥nts'.
givL a Ii'Lie and fair viciv of lh¥ slJle ol. the charity's at7air8 as at 31 MaiLh 2025 dnd of 11.8 in¥omii)g
rcsi)urcL8 (Iiid applicaiiot) of I'esourccs, inLluding ils IIILuine ajid eYi)L'ndiluri, li)r th¥ yL
Villa Sealabrini Independent Auditor's Report to the Members of Villa Scxlabrini Opinion on other matter prestrlbed by tht Compfinles Aet 2006 In i)Lir opinion, based on thL work undertdkLn in thL Louiye ot-thL audit: Ihe inlormalion givL'n in the Strategic Reporl und Trustees, Report f(Trr ihc financiLd year f()i' whiL'h the rinuncial slalements arL prL'pared is uonsistenl with tl)e finanLial slatements. and IhL 8iriilugic Rep()rt ai)d 'lriislees' RLport have beet) preparcd in aLcordw)Le with applicablc legal rL'qUiI'Lm¥nts. M&tters on whlch we are required to report by ex¢ep¢ion In the light ol'oLir knuwledge and und¥'rslanding ot Ihc chai'ily und 11.4 environmcnl obtained in Ihe coiirs¢ orth¢ audir, w¢ hav¢ not idLnlifie¢J material misstal¢menls in IhL StrdlegiL Rep(>rt and tlie'l'ruslees, Rcporl. We hJv¢ noihing lo rcporl in i'¢speLI ol. IhL following malters whLre UIL Loinpunies ALt 2006 require.s 118 lo rLPOrt lo you il, in our opiniot): adequaiL' aLCI)Linling rLcords liavL n(It he¥n kcpt, or r¥liirns adLquale tor our aiidil huvL not bL'en recLive Iri)m bi'aii¢li¢s nol vi5ilLd by us. or th¢ linuncial .41alemcnts are n()t in agr¥'eni¥DI with ihL' aucounling rL'¢I)rds diid rclurns- or ccrtuin discl()%ure4 vl-truyle¢s rcmunlralion specified by laiv drc ni)t InadL: or WL hÉivL' ni)I iiyeivcd ull IhL intoiinati()n und explunaliun? WL requi. l()r ()Lir audit. Responsibillties of irustets As explaineil morL lully iii the StatLmcnt ul I'rustces, Rcsponsibililicy (SLI out oli pab>L 7), IhL tnJstLes are re¥poiisiblL f()r thc pi'Lparali()ii i)f thL IiiiilllLi&I .%lalcmci)t¥ and I'()r being %aii.%liLd Ihtsl IhLy givc a truc and fair viLw. und loi. such iniemal ci)nlr()l IhL Iru51LCY delLrniinL is nL'L¥ysary lo L'nublL' IhL' preparativn ol. finan1[ stutL'mLiil% Ilial JrL frLe Ir()m niatei'ial mi8%1&iLmeiil, wliciher due til li'aud (Ir cri'or. In prLparinur lh¥ liiiaiiLial stal¢in¢nls. IIIL. Iriiyl¥cs arc rcypun.siblL t()r u¥$e88ingp the chiirily's ahilily lo LoiilinuL ag li b)oingy cnnLLm, LIisLlI)sing), appliLablL, mJIlL ii.lule(I li) going ioniLrn nd ii,SillLF the ¥i)ingF L(InLLrn basi¥ ()I' aLLouiiling> unlLs.s IIIL Iru4'teLS eiihL'r inlLnd lo li4uidulL thc Lhurily or to LLasc opLralions, or Iiave no rLalisli alici'nativL bul to do bo. Audltor reyponslbilities for the audit of Ihe tln#ncil st4tements Our iJhjLYtives ar¢ to obt£tin rLIL4011able 4issuranLL &tbout whLDthLr ihe IinanLial slalbmeiils as a whol¥ ur¥ lirc fr()ni material nii%slalemeiil. IvI)cther duc io fraud or L'ri'or, and t() issue ai) audilur'N rL'porl Ihal inLILidL% our opiiiion. Rcasoiiable assuranc¢ is u l)igh l¢v¢l i)f US%LlranLL., bill is n()1 u giiarJnl¢e ihat an aLidil conduLtLd in ¢coi'dJnGe with ISAS (UK) Ivill alwuy.% delect kt material Inisslalement wh¥n il ¢xis1%. MisslulLm¢nls Lun arisc rron) fraud or crror and arL ¢()n.8id¢red n)<lt¢i'ial il., individually or in th¢ aggrcgate. Ihcy could reasonably be ¢xpeLtLd to influLnc¢ thc oLon()rnlL dL*i5ions of iiscrs lakL'n un the basis of these FinanLial %latLmcnty. The ¢Kl¢n¢ to whicli Dur PiVLediirLs urL LapablL ofdL.IvLling irrcgLilarilies, including Iruud is dclailLd bel()%v: Pag¢ 9
Villa Scalabrini
Independent Auditor's Report to the Members of Villa Scalabrini
C)Iir appi'oach to idcnti'lying anLI asscssiDg thc risks of mMtLritil niisgtai'emenl in rcspcLt ol. iri'egLilarilies,
including IraLid and noii-Loinpliai)Le ivith laws aiid regulations. was as lollows=
thL engla gLmci)I paith¢i' cnsuii.d that the eng
Villa Sealabrini Indcpcnd t Auditoi s Report to the Members of Villa SealabriDI r Gianni Pi¢lri) Ainaswili l.. '('A (Senioi. Statutoiy Auditc)r) For and oli behail- ol'sierling (iri)vL' Accoiintants Limite(I, Statutory Auditor Fawley House 2 Regalla Place Marlow Iload Bi)ume End Buckinghanishire SL8 STD Date,. Pagell
Villa Scalabrini Statement of Financial Activities for the Year Ended 31 March 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Lo%ses) Total 202S Unrestricted Restricted Note Ineomt Mnd Endowments from: DonJli()iis aiid legJcics C.Iiaiiiabl¢ aLlivities liii'cslmenl iniome ()Iher inioine 62.691 3,?5.1.892 46.924 1 ?9,000 191.691 .3.253,1192 46 l)24 IY,23() I'iilal incom¢ 3,382,743 129.0110 3,511,743 Expenditure on: R*itsing funds CharilablL JILlivilies Oilibl. ¢XPLndilure {4.3611) (2,6711,4141 13(),000) {4.360) (2,6711.i79) 36.UllO) (165) .1 i)Iiil L'xpindiliirL' (jainl05.lS on invL.%imL'ni a8.8cI$ (2,710,774} (1.1gui (165) (2,710,9.191 (1.1901 NLI inc(ImL I'rai)stLr% bLlivucii fund% ()70.779 1511.237 1 ?11.835 11511,237) 799,C)14 Nel IllovLmci)l in fiinds 1121.1)16 (21,41121 799,()14 Reconcillatlon funds 'I'otal liinds biDuLilil lorw&rd 111,281.747 4i,3C)5 10.327.112 I'i)ial tundy cai'riL'd fL)Iivai'd 22 11.102,763 Ilnrestrlcted runds 23,()63 Restrleted 11.126,726 2024 Note Income and Endowments from: D(Illdlii)ns lind ILg•auies CharilablL activitie8 In%'L%lmLnl inc()m Other inc()me 56,2CI6 2,778.2113 48.562 2(),4115 127,.165 183.631 2.778,203 48,562 26,405 I'otal ii)L()m¢ ?,9119,41(1 127.365 3,1136,1101 Expendlture on: Raising luiids Lharitablc aLliVlties Oihcr cxpen(lilur {612) {2,527.338) (36.1)1)o) (C),000) (2,533.33111 (3CTr,000} T()lal expendiliirc Gaiiisllosses oli ii)v¢stinenl assets (2.563.950) 8.458 (6,0011) {2,56)L l)50) 8,458 Nel inLomc Transfers bet'iveen lui)ds "rhe notes on puges I C) l() 29 fom an integral parl vl-thLSL. linanL'ial sialLinenls. Pag¢ l? 121.-165 {100,01)o) 475.309 i on,11110
Villa Sealabrini Statement of Financial Activities for the Year Ended 31 March 2025 ncluding Income and Expendlture Account and Statement of Total Reeognised GAins and Losses) Unre$tritted funds Rtstrl¢ted funds Total 2024 Note Nel movement in fund8 45.1,944 475,309 Reconclliatlon of thnds Total funds broughi forword ).827,803 24,1N)O 9,851,1103 T(?lal luiid5 ¢arri¢d forward 22 10.281.747 45,365 10,327,112 All of thc charity'8 aLlivili¢4 Ilorive from ¢ontinuAng opcralions during the abov¢ twc) periods. Tlie fund5 break.dow tor 2024 & 2025 i.8 8howTh iii notc 22. Th¢ notes on pages 16 tl) 29 fom an int¢gral part uf these linancial statements. Page 13
Villa Scalabrini (Registrntion number: 4750130) Balance Sheet as at 31 March 2025 2025 2024 Note Flxed 8ssets TangiblL &8sets Investments 15 16 9.345,946 295,552 8,130,676 296,742 9.641.49 8,427,418 Current ass¢ts Dcbior C.a5h ai bank and in hand 17 18 {I,x(}11 .()?11.67 j 57.574 2,059,553 ,701,565 2,117.127 Cr¢dltors: Amounts fnlllni due wltbln one year (216,337) (217,433) Net curr¢nt a$8ets 1,485,228 11,126,726 ,8l)9,6()4 Net ajsets 10,327,112 Funds of the ch4rlty: Re8trlct¢d 45.365 Unrestrlcted In¢om¢ fnnds IlniYslriLtLd D¢signalLd l.und.s Ilnresti'ivted rLwuluatli)n reserve 10,971,IC?9 7.148.963 3,000.OOQ 132.784 131,594 'rothl unre81riLtLd fiind. 22 11.102.763 10,281,747 Total fuDds 11,126.726 10,327,112 The financial slulements on pagey 12 to 29 were upprovcd by Ihe trusiees, und uuthoii$¢d for iysuc on 27 October 2025 and signed on IhLir behall. by.. ,,1 vb,a- iusLI)I -Irust¢c Ilvi1()la//.o The notes on puges 16 to 29 forn] an integral purt of these tinancial staternents. Page 14
Villa Scalabrini Statement of Cash Flows for the Year Ended 31 March 2025 2025 2024 Nole Cish flowA from oper¥tiDE a¢tivilies Net C&8b income 800,804 466,85 I Adjustments to cash flows from non-cash Items Depreciation Investment income 236.009 146.924) 989.889 193,016 48,562) C)11,305 Worklng eHplt41 adjustments In¢iYas¢ in dcbiors (tk'cretLseVincrease in Lirdili)rs 17 19 (23,316) ,096) (50,6.38) 24,725 Nel cash 'llow8 t.rom operating activilies 965,477 585,392 Cash flows from Investlng 4ctlvltl IiitcrL'8t rcLeivable and 8iniilar incomc Purch&8¢ of iangible tixed assths 46,924 ,451,279) 48,562 740,491 15 Nel cash flvws fr()m invvsting activities Nei dccirasc in cash and cash equivalenly Cash und c&8h equivalLnls at l April 1,404,355) (6()1,92)( ) (438,¥78) {106,537) 2,059,553 2,166,090 Cash und Lh e(iuivalents at 31 MarLh 1,620,675 2,059,553 All ot. Ihe cash nows arL derivcd fri)m c(Jiiliiiuing operalions during IhL abov¢ two P¥riods. The note3 on pages I C? to 29 fonn an integral purt of thLse financial stat¢menls. Page 15
Villa Scalabrini
Notes to the Financial Statements for the Year Ended 31 March 2025
I Clixrlty status
'I"IIL charity is litnited by gliarnt¥¢, fftnLorporatLd in E.*i)gland wid WalLS. ]d cc)n5equently di)cs nol liave sharc
capilul. Lacli (Trf IhL IiuslLL.¥ lial?le to conlribiilL an amoLinl not exLeeding £1 tOW¢ird.% thi a%yeis of the charily
in Ihe eveDI ot liquidation.
'rhc addi'ess ()I' ils resisterLd L)rtiLL is..
CJf¢Ln %trc¢l
ShciilLy
WL)7 91111
'I'he8L' liiiaJ)Lial staiiineiils wLrL ElUtI)L)rised lor issue by the Iiwlees on 27 Qcli)bLr ?025.
2 Accoiinting poll¢les
Summary of &lEnlfieant accountlng poll¢les and key #teountliig estimates
'rhc principal aiLoui)ling pi)liciLs upplicd in Ilie prLpai'ali()i) of Ihti%L linunciul $lalcm¥iily ail. sel i?ul bclow.
'I"hL.¥L l)(IIiLiLY havL' bLei) con%i%tLntly applicd i() ull thu yeai'% prcs¥iilLd, unlL'%S oiherwisc %talLd.
Stwtemtnt i)f coinplianee
I"hL lin&incial qlulcmcnl5 h8vL becii prepaird in ftLLI?rdancc with ALL()wiling llnd Rcportii)g by C.hariiiLS:
StalcmLnl of RcLommLnded 1'rclice (aiiplicablc l() ¢hariiiCS prcparin¥ their UCLoiints in &lLLOI'duncc iviih Ihl
inanci&l RLp()I'liii&v Standard dppliLablL in Ihe I IK and Rcpuhli¢ ()I' IrL'lÉtnd (I,'1£5 1 02)) (iysiicd iii O¢li)bL'r 2111 ())
{ChJriliLS SORP (l.'R% 11)?)). IhL l.'inJncial Reporling %lttndard appli¥8blL in thL lJk und Kcpiihlil of Ii'Lland
{I,'IIS 1112) #nd tlie (.'ompthniL'S ALI 2006.
BASIS of preparytloD
Villa Sc
Villa Scalabrini Notes to the Financial Statements for the Year Ended 31 March 2025 Gruiils recelvttble Grunls are rL'ci)gnised ii'lien Ilie charilj" has ali entitlcmei)C to ihL fiinds und nY c()nditions linked lo the grants hthvc bLcn met. WhLII PL'rf(Imianci conditions are att1( ched lo the grant anil are yei to bL mel, the income is rLCI)gnised &s a lialjility and included on the bulunvc %l)Lel as dLferred incomL to be TelLased. Deferred IHenme DefetTed income rL'prcscnts amoiints r¢Leived loi. tiiture periods and is releas¢d lo incoming r¥8ouires in th pci'i(Id loi. ii'liich, it has been receive(1. siicli inLI)IIIL is only delirrL.d i%hcn'. Th¥ Llnnoi. SPLcific.s Ihdl Ihc grant ()I' (lonthlii)n mu81 (Trnly bL 41%Ld in fulur¢ aLLountinL pei'iuds; or 'rhe duii(Trr ha% imposed Luiidili(Iiis wliiLh mu.%i b¥ In¥( blloir tl)e ¢1).]tY lias unLondili()iial enliilLmenl. liiveslmenf Inc'ome r)ividends are IELugnised iJnLL IhL dividL'nd hus be¥n d¢Llarcd und notificali(In has b¢en received ofthe dividend duc. ExpeDdlture All ckpcndilLire is rec(TrgnisLd ()nLL IhLrc 18 a lkngal oi. c()nslruLtive oblig&tii()n lu Iliai Lxpendilurc. it is pri)bablc sLtIlLn)Lnt 18 fL'(iuiiid thnd ihL Jmoiinl can b¥ 1ncasu.d rcliiibly. All ¥o.$1s are alloLutLd Ii) IhL iippliLablL expLnJiturL. hcdding ihal aggvr¥gulL siniilur Li)%ts 11) iliat LalLgoiy. Where cusls cai)nol hL dirL'cily altribulLd tu parliculai. hladings ihLy hMvL bcLn alloLaled (In a ba.%is con8i%lLni with IhL 11.8L of rL'S()IirLL$, with Lcnlral slaly LO.4L8 ull(TrcalLd ()n thc ba¥is (Il. limL ¥PLnt. ancl d¢pr¥'cialiot) LhcirgLS &ill(bcaicd on thL Portion of IhL (set'S LISL. ()IhLf supporl c(Isls ai'¢ allocated bused oli tIIL spi'Lad ol. staff ci)sts. Riil3'ingluKds 7'hL ali. Loyl¥ inLUI'rcd in ullraclin¥ volun14Uy illLomL. IhL managcmL'ni nf inveslmenl8 and thi)8L inciirrLd in li'ading aL'livitie$ Ilial rui%L' luiids. Cliarliable oLliviiles C.haritablc c.xpcndili1' LompribL8 thi)se L()sls inLui'rcd by the chai'ily in thL dLlivLry i)f' its JLtivili¥% und scrviL¥ f()r ils bLneficiai'ics. It ii)LILidcs boih Losls 11)at Lan bc alloLalcd dircLtly lo sucli aclivilies and thi)sL c()sls ol. un indii'¢cl natiirL' IlCL¥8Sclry t() siipporl IhLni. Governanee eosts These inLludc the costs uttribulable lo the ¢harity'8 compliance with constilutioiial and .statulory iYquir¢inents': inLluding audit, slrat¢gic managemeni and Irust¢es meetings aiid r¥imbursed expenses. Taxatlon ThL charity is ¥on3id¢red ti) pass th¢ tL.81s sel out in Paragraph I Schcdiile 6 (If the FinanLe Act 2010 and Ih¢reloi'e it m¢el8 the dttliiiilion of a Lhai'ilablc Lompany for UK ci)rp(?ratii)n tax PUTposes. Accordiiigly. the hkirily 15 potentially cxcmpt trom t&iation in I'espeol of inc(bme or Lupilal gains reLeived within calegjorics ovcrLd by C'.liapter .? Part I l ot the Corporatinn l ax Act 201 O or SLclioii 256 01. the Taxation of Chargcabl¢ Gains ALt 1992, lo thL C*tct]t that sucli inLoin¢ or gain8 ar¢ appli¥d exclusively t() churitable purposes. Tangible fixed assets IiidividLiuI lixed assets c(1Stiiig £100 c)r more are ii)itiallv recorded al CL?sI. Page 17
Villa SeAlabrini Notes to the Financial SIAtements for the Year Ended 31 March 2025 Depreciatlon and amortislltion DLpreciatiiJn is pr()I'ided oil tangible fixL'd ussets $0 as t() writL OIT ihc Losl or vulualion, l¢ss any estitnaled residu&il iialu¢, ovcr Ilibir cYpe¥t¥d Lis¥ful CLonomiL life as lollows.. Asstl tl#ss 'WLhuld propLI'Iy Fixlurcs aiid l illings M()lor veliiclLS Depreeiation method And r#te Over 50 ycars 15-?OO/o RLducin&i balaiicc 250/0 RLxlii¢ing balanLe Re5e4rch And development Ilc8¢JrLh and dLvLI(Trpmenl c.xp¢nditiirL' 18 writiLn (In-as it)ciii'i'Ld. 'ixed Nsset investmenti I, iXLd a%sLt inve%linL'nly. oihLr ihun pi'ogrnmme reluiLd ini'eslinciil8. arc includLd at InarkLt valiie at the balaiicL shlet diilL. Keiili8Ld uDain% ¢inJ li)S%L'S on invb%lmLnls ¢llf calliilalcd a5 IliL dil'fcrL'llLL hL%IM'LLli salL'% pi'i)CLLd¥ anLI ilILir murkel valu¥. the slilrt {)[ tl)L yLJr. or Ih¢ir .8LibsLqULnl Lost, aiid ai'L LhargLd (Ir ii'eJitLd io IhL %iuttsmLnl or tryinanLial Aclivili¥s in IhL p¢i'iod ol. dispL)sal. lJiirLalisLd guins Ioy.%L.S I'L'prcscni Ihc niov¥ni¥'nt in InarkL4t values diiring IhL y¢ur und ari crL'diled i)r ch(u'biLd lo IhL %l&lemeiil ol. I'"inanLial Activities based on IliL' Mrt valiie $11 IhL yL'uf Llld. Trade debtur5 'r&di dl'btory urL' ami)unis diiL Ir(Im ¥uslI)Mr tor mci'Lhandi.%L' ¥olLI (li- servicLb PLrl()rineLI in IhL ()r(linury c()ursc i)r busiiiL5S, I"I'ade dcbior.s al'e I'tc()g)niyLd iiiilidlly al IhL IransaLlioii priLL'. 'I'hL)' ure .sub4L'qULnily mcu¥urLd al amorli%Ld co%L usin&F iht eiTLLlivL' intcl'bst i)ILthi)d. le&8 prDvi%iun r(Ir imi)4111'inenl. A pri)vision fc)r IhL inipairinciil i)I' IrudL d¥bioi'% is L$l&bli%h¥¢J when IhLrL 1% i)bjLclivL Lvid¥n¢c Ih#t IhL Lharity will n(Il bc ahlL Ip ¢nllLLI all amount% duL' a¢¢oixliiig lo the origin¢il l¢i'm% ol'ihL I'LLUlI'able$. Cash lash equlvolenls C.a51i (Ind cash LqLiivalLnls iomprise La8h on hund and Call dL'posilS, and oihLr shot1-tLrni higlily liquid inve8lmLnls thul aiL' I'¢adily convertiblc t() J knOn ainouni ol. La%h and are subjLcl ((} an insignilicani risk or chongL in value. Trade credltors .1 I'ad¢ credilorb ai'¢ i)bligati()n8 lo puy loi. good5 01. serviccs that huve bLen aciiuirLd in thL' L)I'dinary coursL' ol- busin¢s8 liyini suppliirs. AILOUI)ls pllyahle thrc Llassified as CUlTeiit liabilities i I. thL Lharily does iioi liave an Linci)ndiliot)al righi, at thu Lfhd ol- thL rLpoiting PL'riod, tl) delLI' SL.1IILmcnl of Ilie ¥rcdilor lor li( least l¥velv¢ month.s allei. IhL rcpoiling dat¢. It. IliLre is an iinLondilioiial ri¥hi to d¢lir .getilLnienl lor al leabl Iwelve nic)ntlis ailei. thL fL"POrting date, they are prLsLntLd as i)on-ciirii'nt li&bililics. Tradc credit()rs are rcLI)giiised initially lll the Irai)saLtion pi'iLe anil subsequeiiily me&8u]'bd al amc)rlised cnst Llbing the etliclivL inl¥rest meih()d. Pagc 18
Villa Scalabrini Notes to the Financial Statements for the Year Ended 31 March 2025 Borrowings Inlerest-bearing boiTC)wings &ifL Inititslly reLoiYlid ill fair valLie, nel of iransaLtion co.81s. InlLrLsl-beuring borroiving?s are siibsequLnily Lanied at aniorti%ed cosl, witl) Ilie diffL'renLe beliveeii the PlDCCLds, net or U dnsaLli()n ci)%ls, and ihe amouiii duL on rL.dLmptioii b¢ing reci)gnised as a Lhai'gL' lo (he Sialen)enl ()[- I':ili¢ll)Lial Aclivitiey over the period i)I'thL rLILvant iK)rrowing. IntLrest expense is recogni.8ed ()n ihe basis ot the etlective intL'lfSt meih()d Und is inLILid¢d in inlL'r¢st pay<ible and siniilai. Lharges. Bi)rr()ivin&4 arL" classified as Lurrcnt liubililiL¥ Linless the charity hats an un¢ondili(Inal I'i¥ht l() dLfer seiilcinent ol. IhL liuhilily l()r al least IWL'IVL m(Trnil)s Jftor the il'porliiig Jalty. uiid structure I InrcslriclLd inL()m¢ fiinds arc gLiieral luiid$ Ihal arL availabl¢ I'()r iise al the Iruslees diycrLilion iii fLirihLYai)IL or Ih¥' ohjcolivLs (Il- th¥ Lli(Il'lty. l)¥.%igynJled lunds ure LiniL'StI'iLtLd funLI% YL.l Lt¥id¢ r()r sp¢'¢ifi¢ purpo8C.% 611 lh¥ di%Lrction ot'ihc trustec$. R¢sli'iLILd inL'I)mL' fLind8 Lire ihi)%L d()nalL.d l()r LIS¥ in a P6lrtiLulai' urLlI (Ir Ivi. .¥PLLilIL purp()8LS, thL' Uykn. ol, Ivhich is IL'slriLtecl (11 IhJt arca or purpi)se. Penslons and other post retlrement obll¥a¢lons 'I'hL cliarily operalLs u delinL'd L()iilribulion pLn.8ii)n scl)cme iyliich is a pLn¥iDn plan uiiJLr M,hiLh fixLd L'ontribulions arc paid inii) a PL'n%iiTrn lund IhL Lh£irily ha$ ii(I Iugal i)r LunslruLtivc obligulii)n Ir) P(Iv lui1hci' Lonlrihutii)n% even il. Ihl lund doc.4 nol liold .%ufiiLIL'nl assLls lo pay all employLCS ihe bLnLfiiS relaling ti) cmplny¢e servicL in IhL' Lui'rL'nl iiiid pri(Ir pLriiids. c.onlribiitii)Iis lo dclinLd ci)nlribulion plan,9 are r¢LognisLd in ihL Statement ()I'l.'inJncidl ActllTilie% whL'n they arc duL'. It'cDnlril)LIIiL)n PthylnL'nt% L%LeL.d tl)L L()nlributiun duc lor S¢lViLL. IhL L.xLLys is fcL'()¥nity¥cl l)IL'paymLnl. Page 19
Villa Scalabrini Noles to the Flnancial Statements for the Year Ended 31 March 2025 3 Income from donations #lid legacles Unrestricted nds General Restrieted funds Totxl 2025 Total 2024 Donation8 and Icg)ItLies' Donulii)ns Irom othcr Lhaiitics Don&lii)iis Iroin individuals Ciranls. Grants fmm oili¢r ¥h#riti¢y 89,000 89,000 ()2,691 62,691 162.411 40,000 40.000 21.200 62.Ci91 121),000 191.C)g1 I X3.631 4 ID¢omt from eharitabl¢ 4ctlvlll¢$ Uurestrlct¢d fundy G¢n¢r41 Tot41 2025 Totil 2024 R¢¥pi¢¢ care Priv&l¥ lunding LOL1 authoirty lunding Floypit&ility income 128,941) 2,269,593 799,296 5(y,057 1211,946 2,26l).593 799,296 56,057 132,027 ,114.I,492 739,300 3.253,892 3,253,1192 2,778,203 5 Investment income Unr¢ilri¢ted funds General Totol 2023 TotRI 2024 Iiiteresl reLeivabl¢ aiid similar income. Othci. inlcrest r¢¢eivabl¢ 46,924 46.924 411,562 6 Oth¢r Ineome Unrestrlcted Total 2025 TotAI 2024 Gtneral iiJraising inLome 19,236 19,236 26,405 Page 20
Villa Scalabrini Notes to the Finaneial Statements for the Year Ended 31 March 2025 7 E%penditure oil eharitable activities Unrestricted Ttstal 2024 General Restricted 2025 Nott Food PLlI'¢lias¢s Lliility Losls F.8tabli.shni¢nt Loslq Rcpairs <ind mJini¢nai)L¥ OtIiL¢ CXPLnses l?I'iiiting. p()siing and slalioiiLry Sundry ai)d other c(Isly Clcaning Mi)li)r LxpLnsL.s Advcrt'¥ing and promotion -l-rnining Mnd ivelf'are 122.702 143,648 36,056 122,702 141,648 3().05C) 128.582 110.258 .11.143 135,586 12.4114 135.586 12.484 1 ?6.523 11,459 6,394 6,394 16,123 311.1 ()8 38.527 7,570 31S,1 ()11 38,527 7,570 36,105 4,147 1,79CTr 1,796 3.047 8,568 11,5()11 14.651 DLpfLLitiliun, am(Trrlisaiion ai)d othcr siinilJi' Li)sls Siull. L()sl¥ (iOVLrnunLe Losls 236,OOY 1,841,621 41,255 230,0119 1.841.711C) 41,255 1()3.016 1.760,925 57,601 165 2.670.414 165 2.670.579 2,5.33,33X 8 Other expendlture Unrestricted filllds Generil Total fund3 Note Donations paid 3(),000 -16.000 Total for 2024 36,000 36,11011 Tot*1 for 2024 36,000 36,000 Page21
Villa Scalabrini Notes to the Financial Statement8 for the Year Ended 31 March 2025 9 Analysi8 of govern4nee And support Costs Covernanre eosts Unrestrlcted fullds Gener#1 Total 2025 Total 2024 Audit fees Audit ofthc liiian¥ial stalemenls Olhor fLes pnid to auditors 8,400 9,698 23,034 123 8.400 9,698 23.034 123 7,800 12,409 37,129 263 Bt]nk Lharg¢s 41,255 41,255 57.601 10 Net lllf omlagloutgolng reiour¢es Nct inLomia&F r¢si)LirL'es r()r thL ycar includL'; 2024 Audit lees Dep.ell(l{)n ot'fiYLd assets 11.400 236,009 7,8Qll 193,016 11 Trustees remuner#tlon and expen8e8 No irustc¢s, ni)r ttny persons conncLtrd wilh ihem, have reccived any reinuncrdtion fri)m the Lharity during the yLar. No trusl¢LS have reccived &ny reimbursLd expcii8cs or any otlier bciictits Irom Ilic charity during the yeur. 12 Staff costs Th¢ aggregule payroll Losts w¢i'e as follows: 2025 2024 St*tf eosty durlnK the ye#r were: Wag¢s aiid .8alaries Social security Losls P¢nsion co.yts 1.655.991 153,656 1,592,621 138.074 30,2311 1,841,786 1.760.925 Page 22
Villa Sealabrini Notes to the Financial Statements for the Year Ended 31 March 2025 The monthly average numb¢r of persons (including senior munugement I leadership team) employed by the charily during Ihtt year expressed as full lime equivalents was 08 tollows.. 2025 2024 Residential home 61 65 50 (2024- 56) of th¢ ubove ¢mploy¢es participated in the Defined Contribiilion P¢nsion SLh¢mes. The number ofemploy#¢8 whoqe emolumentq fell within the tollowing b4ndy w. 2024 £60.001 . £70.000 £80,001 . £90,000 TIIL. total employec bcnctils iyf the key manag¢ment pcrsoniiel of the churity wcre £112,848 (2024- £167,255). 13 Audltors, remunera¢lon 2024 Audit ol'th¢ linanL'ial stalemenl 8,41M) 7,800 Other fee8 to audlton All otlier iion-audit serviccs 9.698 12,409 14 Taxatlon Th¥ Lharily is u registcrLd Lhuiity and iy therefor¢ exempt Irum Iat1{)n. Page 23
Villa Sealabrini Notes to the Financial Statements for the Year Ended 31 Mareh 2025 l S Tthngible tlxed ¥ssets Freehold Land And buildings Furniture #nd eqiiipment Motor vehieles Tot#1 Cost Ai l April 2024 Addilioiis 8,()07,4<)() 1,371,955 638.905 9,559,C)C)O 1,451,279 At 31 Marcli 2025 l Q ?7().451 718?29 13,55() 11,1111,239 Depr¢ciMtlon Ai l April 20?4 Chai'g¥' li)I' IhL yL'ar 835.895 205.589 580.996 30.1211 12,31).3 ?92 1,429.?84 236,OOJ( Ai 31 Marh 2025 1,041.484 611.124 12.6¥5 1.665 ?1)3 Net book value Ai 3 l Mai'Lh ?1)25 9,237.967 874 9,345.946 Al 3 l 21124 11,071,()11 I 57.901) 1,166 X,130,676 16 Flxed Msset invostmenti 2025 2024 ()IhLr iiivc.slmLnt% ?95,552 29(),742 Other Investments Other IDve$tmtntg 'I'otal Cost or Valumilon Al l April 2024 Rei'aluali()ii 296,742 (1 190} 296,742 {1.190 At 31 Mai'ch 2025 295 552 ?95.552 Net book value Ai 31 March 2025 ?y5,552 295,552 Ai 31 Marrh 2024 29CTr,742 29C).742 Pag¢ 24
Villa Scalabrini Notes to the Financial Statements for the Year Ended 31 fiiarch 2025 17 Debtors 2024 'rade debtoi Prepuyments ()Ih¢r d¥btuis 74,993 5,897 51,429 5,045 1,100 57.574 80,890 18 CA.8h Cash equlvalent$ 2U25 2024 Cash oil hand ut bunk 92) 1.619.7iO -364 2,05(),181) 1,6211,67i 2,059,553 19 C.redltor5: Jtnouiits fulllng due wlthin one y¢Ar 2025 2024 .1 rade LrediU)rs Other t&Yulion aiid .4ocial seciirily l>en5ion scl)cmc crcdilor ALLriial.4 DLfcri'Ld incomL 24,13l) 45.459 8.1.38 50.571 88,1130 106.1)49 7.U65 44,1118 2111)37 21(),337 2025 217,433 2024 I)elerrL'd income at l April 2024 R¢si)urLL'.s defei'i'ed in ihe PLri()iJ Amouiils r¢l¢as¢d Iri)m previr)u¥ p¢vii)d8 Dcleri'¢d incom¥ at y¥ar end 20.937 (88.1)10) (20.937) 57,127 211,()37 157,1?7) 188,030) 20,937 20 Pension And other 8¢hem¢$ Deflned rontributlon pensioll scheme Tlie Lharity OPLratLy a olcfincd conli'ibiilion pcn.%ioii scheni¢. 'fhe pcnsioii L()sl ¢harg¢ f()r th¥ yl'ar reprL'%enls onliibulions payable by Ilie Lharily to Ihc sL'hcme and 4tm()unted t(i £7? 139 (2024 - £30,2.30) t]nd this LxpLns has b¢en allocatLd in full lo unrLsliiLled luiids (In th¢ ba%15 that it r¢lal¢.s ¢i)lii'ely to the running ()t'tli¢ home. Pag¢ 25
Villa Scalabrini Notes to the FiDancial Statements for the Year Ended 31 March 2025 21 Reserveg Unrestrlcted rev*luAtion restrve Tot41 At l April 2024 Uniralig¢d gain on investments 132.784 (1,190 132,784 1,190} At 31 MarLh 2025 131,594 131.594 Uiii'estrlcteil revlllijation reserve Tot41 At l April 2023 Unrealixed gaiii on iiiveslm¥nts 1 ?4,3?6 1 ?4.-1?6 At 31 Maru'h 2024 132.784 132,784 22 Funds Ilaliinco Al l Ai)rll 2U24 Other Balmnee at recognlsed 31 M#reh Tran8f¢n galns/(losses) 2025 Incoinlng resourc¢5 Re8our¢e$ expendtd Unrestrlcted funds Gener 7.148.963 3,382,743 (2.710,7741 3,151,427 (1,190) 10,971,169 Desigllated Revalu#lii)n reserve 3,000,1)00 132,784 (3,000.1)00) (1,1911) 131.594 Total unrejtrlcted fund8 10,?¥1,747 -1.-38? 743 {2.7111.7741 150.237 (1.1911) 11,1112,7(11 23.9(13 Restrlet¢d funds 45,365 129.UUQ 11651 (150.2.171 Total thnds 1.511.743 (2,7111.().3l)) Pa¥e 26
Villa Scalabrini Notes to the Financial Statements for the Year Ended 31 March 2025 Bl4nce at l Aprll 2024 Bl*nee #t 31 March 2025 lueomlng resources Resoureey expended Trallsfei Restrleted funds RSA l-ru%t Joiiation Donalion5 for 8tali' RSA 'frust giant Friends (If Vill 24.000 165 21,200 (94,000) {1651 40,(100 119,11110 (61,200) {65,11.37) 23 1)63 45,-365 (I f)5) 1)11,2371 ?3,96.3 Bftlanee at l Aprll 2023 Other Intbming Resources recognlsed 31 March re.$ources expended Transfers gJin$l(105$¢5) 2024 Unrestrlcted fundy General 8,003,477 2.1)1)9.436 (2.563,95L)) (1,208,4511) 8.458 7.148,96.3 DLsigiJialeJ 3,1100,000 ()Iher 124,326 8.458 132,7114 Total unrestrlcted funds 9.827,8113 2,()119,43C) 12,56.1,9511) i 011,oon 8,458 10,281,747 Restricted funds 24.IlllQ 127,365 (6,000 i 00.(100} Tot1 funds 9,851,1103 3,036,8111 2,56(),9511 8,458 10.327.112 Page ?7
Villa Scalabrini
Notes to the Financial Statements for the Year Ended 31 March 2025
The specific purposes for which the funds are to be applied are as follows:
The Designated funds were created by the Trustees for the costs related to the new wing, this work was completed in the year and the funds utilised.
The Restricted funds held are for:
RSA Trust Donation- In 2021 a donation from RSA was received towards a new kitchen in the new dining room. This was completed in the year and the donation was fully utilised against costs in the year for that purpose.
RSA Trust grant- This relates to a donations received by RSA this year and last and it is towards interior renovation, this work commecnced in the year and the grants were fully utlised against costs in the year for that purpose.
Friends of Villa- This was a donation received for Barn works and refurbishment, this work commenced in the year, however these works continued into the next financial year.
All of the above costs were fully capitalised and therefore a transfer has been done from the restricted funds to cover this as the asset will be used for general charitable purposes.
Donations for staff- Donations were received specifically for staff last year, and in this year they have distributed to the staff via the payroll.
The purpose of transfers were:
Designated funds- a transfer of funds was made for the funds set aside for new wing works as these were fully completed in the year and the costs included within these accounts.
Revalution reserve- a transfer has been made for revaluation gain in the year on fixed asset investments held.
Restricted funds- a transfer of funds were made as the restricted funds received for the purpose of the new kitchen, interior refurbishment and barn refurbishments were fully utilised to help fund the costs which have exceeded the donation received.
23 Analysis of net assets between funds
| 23 Analysis of net assets between funds | |||||
|---|---|---|---|---|---|
| Unrestricted | Total funds at | ||||
| funds | Restricted | 31 March | |||
| General | funds | 2025 | |||
| £ | £ | £ | |||
| Tangible fixed assets | 9,345,946 | - | 9,345,946 | ||
| Fixed asset investments | 295,552 | - | 295,552 | ||
| Current assets | 1,677,602 | 23,963 | 1,701,565 | ||
| Current liabilities | (216,337) | - | (216,337) | ||
| Total net assets | 11,102,763 | 23,963 | 11,126,726 |
Page 28
Villa Scalabrini
Notes to the Financial Statements for the Year Ended 31 March 2025
Unrestrlcted
fiinds
General
Total funds a¢
31 Mareh
2024
Restricted
funds
I'angible fixed h8sets
Fi.Ked as&1 invL'Stments
Current s¢IS
Lurrenl liubililiL.s
8,130,67()
296,742
?,1171.762
{217,433)
8.130,676
296,742
2.117,127
{217,433)
45..365
"I'()lal i)et assels
10.?81.747
45,3CI5
10,-127,112
24 Analysls of net funds
At l Aprll
2024
FlnAn£ln¥ eash
flows
At 31 M8r¢h
2025
C'.ash ill bank and iii hand
2,059.553
438.878)
.()20.675
Net dcl)I
2.051).553
1438.1178)
.f)20.1)75
FlnAn¢lng f¥3h At 31 March
flows
2024
2023
411 b4nk and in hand
2,166.090
10(),537)
2,059.55.1
NLI dLlIt
2.16(?,U90
1116,537)
2,059.553
25 Related party trwn34CtIoDs
Dui'iii&y the year ihL Lharily mudL lh¢ folli)wiii¥ rLlatcd purty Irai)soL*ions'.
Scalabrilli Fathers ConJpAny
(SLalal?riiii I,'aihcrs C.()mpany is a rLgi81er¢d wilh thc C:harily ('.(>niini8sion undcr rLfei'Lncc 1141084, Ihis uhai'iiy
has IruyteL4 in Li)mmon.)
L)ui'inL' Ihc year Villa Sculabi'iiii paid donatiiTrn8 lo Sealal)riiii I'