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2023-03-31-accounts

REGISTERED COMPANY NUMBER: 05437976 (England and Wales) REGISTERED CHARITY NUMBER: 1117564

SHALOM HOUSE

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

Carr, Jenkins & Hood Oystermouth House Charter Court Phoenix Way Swansea Enterprise Park Swansea SA7 9FS

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

SHALOM HOUSE

Page
Report of the trustees 1 to 6
Independent examiner's report 7
Statement of financial activities 8
Balance sheet 9 to 10
Notes to the financial statements 11 to 26
Detailed statement of financial activities 27 to 29

SHALOM HOUSE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

The report of the trustees also incorporates a directors' report as required by company law.

Objectives and activities

Objectives and aims

The objectives of Shalom House are to establish and maintain a Palliative Care Centre, for the communal benefit of the inhabitants of Pembrokeshire, there being no such similar facility in place at present.

Shalom House is a non-profit making organisation, providing a high quality professional service for people with terminal illness (including cancer and any progressive life-limiting diseases) in an environment of tranquillity and support. The aims of Shalom House are:

The mission of Shalom House is:

1

SHALOM HOUSE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

Objectives and activities

Ethos and Philosophy

Public benefit

In setting Shalom House's objectives and aims and in planning their activities, the Trustees have given careful consideration to the Charities Commission's general guidance on public benefit. Shalom's key objectives for the year included:

2

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

SHALOM HOUSE

Achievement and performance Charitable activities

Shalom House opened for service provision on 23 November 2007 after the successful adaptation of the building and gradually developed its function to offer day, respite and a palliative care service to patients and their relatives. At present, Shalom House offers a palliative day care service to between 4 to 6 patients per day, Monday to Friday. Alongside the traditional day care support we provide personal care sessions and are aiming to restart the special interest days within the very near future as conditions allow.

During the year ending 31 March 2023, Shalom House received funding from Hywel Dda University Health Board within the provisions of a Service Level Agreement effective from April 2022.

Following on from the successful respite sessions that were run the previous year we carried on offering respite from April 2022 through till March 2023. We were able to run six more sessions over the financial year. This was partly financed from the activities fund from the health board and from a grant obtained from Enhancing Pembrokeshire. This has also allowed us to continue the sessions into 2023.

We made the decision not to continue with our CIW registration as we felt with the small amount of hospice at home that we provide we would not reach the minimum requirement needed to be registered with them. Our registration has been put on hold and will be reinstated if the situation changes.

Samantha Wilson-Croft as Shalom House's Business Manager, has continued to head up all fundraising, volunteering, grants, and business aspects. Over the year we have set up regular quizzes in St Davids, Fishguard and Solva. We have attended summer fêtes, Christmas fêtes and any other event that will raise awareness of Shalom House.

Sam has also, with the help of the team, secured grants this year for work in the garden and the building of a summer house and grants to provide activities to the attendees such as art, pottery and therapies.

Donna continues her essential work as Care Manager. The management team are supported by registered nurses, health care assistants (registered with Social Care Wales), a small bank staff team of nurses and healthcare assistants, administrator and shop volunteers and volunteer drivers.

In house patient satisfaction surveys have rated the service at Shalom House 100%+ throughout the year. We continue to monitor our activities closely, responding to suggested changes where feasible and appropriate.

Links continue to be forged with the Palliative Care Consultant at Withybush General Hospital and the wider Palliative Strategic Forum for Hywel Dda along with our partners in the third sector. Shalom House staff attend team meetings at the hospital and local GP practice, with us playing an active role in Hywel Dda Health Board's review of Palliative care services.

The Fishguard and St David's shops both continue to flourish. The shops are staffed by a team of volunteers who work tirelessly to maintain image and presentation, also providing information on the work of the hospice and supporting other fundraising initiatives. We have worked hard to develop better links with the local community.

We continue to use our wheelchair accessible car to transport patients within the community. We have a team of three volunteer drivers who support patients to attend Shalom House from as far away as Narberth. We have used the car during the warmer months to take attendees on trips out to local beaches, local restaurants and garden centres. The reassurance of travel within a secure vehicle has been about for patients and staff, enabling us to continue Shalom House's good work at all times.

3

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

SHALOM HOUSE

Financial review

Financial position

Total incoming resources for the year amounted to £210,814 (2022: £226,502). Resources expended amount to £300,554 (2022: £288,547). The net deficit for the year before the revaluation of the investment is £89,740 (2022: £62,045). The net deficit for the year after the revaluation of the investment is £105,489 (2022: £67,666).

The total net reserves at the balance sheet date are £647,583 (2022: £753,072). Unrestricted funds total £531,003 (2022: £614,640) and restricted funds total £116,580 (2022: £138,432).

Shalom House is operating against a background of continually rising costs, especially payroll related, and increasing competition for donated and other charitable funds. In a world where the cost of living is constantly increasing, fundraising becomes more difficult. Most grants are oversubscribed and difficult to secure. In addition, with the cost of living crisis people have less disposable income to donate to charities.

Principal funding sources

The charity's principal source of funds is through the Service Level Agreement with Hywel Dda Local Health Board. The Service Level Agreement for the year ended 31 March 2023, the current agreement is £60,000 per annum. We secured additional funding of £10,000 for respite services.

Reserves policy

The Charity will need to expend substantial sums in future periods in order to maintain and develop its services. A formal reserves policy has been formulated whereby the sum of £150,000 has been ringfenced as a designated contingency reserve. This is broadly equivalent to 6 months operating costs and will be reviewed annually to maintain the reserve at this ratio as a minimum.

Future plans

The intention of Hywel Dda University Health Board to move to a commissioning model provides no guarantees for future funding, rendering longer term strategic planning difficult. It is envisaged that the proposed diversification of services, whilst supporting the Palliative Care Unit as a priority, will leave Shalom House well placed to tender for future funds. This commissioning model has been talked about for many years and we have been told it will come in by April 2024.

Review on the future of Shalom is a constant agenda point, involving all Trustees and staff. The respite sessions are something we intend to continue to offer in the future. Shalom will continue to concentrate on activities to support patients to Live Well, and instigate a more targeted approach to fundraising and income generation. At the same time, the focus of Shalom House will continue to be the provision of palliative care within the day centre.

It is the intention of the Trustees, as current guardians of the legacy of Shalom House, to strive to maintain relevant and effective support services, within the framework of a planned income generation policy.

Structure, governance and management

Governing document

Shalom House is controlled by its governing document, the Memorandum and Articles of Association and is a limited company, limited by guarantee, as defined by Companies Act 2006.

Shalom House was registered with the Charities Commission on 12 January 2007. The governing documents are held at the registered office.

Recruitment and appointment of new trustees

Trustees are appointed at the Annual General Meeting. They are recruited through contact with other trustees and through charitable events.

4

SHALOM HOUSE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

Structure, governance and management

Organisational structure

The governing body is the Board of Trustees, who are non-executive, unpaid and meet at regular intervals during the year. The day to day activities are managed by the Registered Care Manager and the Business Manager who also acts as Clerk to the Trustees, registered nurses team, health care assistants, a small team of bank registered nurses and healthcare assistants, an administrator and a Management Committee comprising:

Chair Mr J W G Preece Other Members Mrs E M Thomas Dr R P Schofield Miss P Ellis (appointed 15/11/2022, resigned 14/11/2023)

Induction and training of new trustees

There is no formal induction or training process for trustees as the skills and knowledge of trustees varies. New trustees are provided with a description of their expected role and responsibilities, which ensures trustees are aware of their legal obligations under charity and company law. They are briefed by the Chair and Business Manager on historic and prevailing strategic issues.

All trustees give of their time freely and no remuneration or expenses were paid in the year.

Risk management

The trustees have a duty to identify and review the risks to which Shalom House is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Risk assessment and the management of risk is a continuous process, with all areas being addressed as required. Risk management is a standing agenda item of each board meeting and features in the report provided to the board by the Business Manager prior to each meeting.

The key strategic risks facing Shalom House have been identified as Governance and Management, Reputational and Commercial. The board and its committee have been tasked with identifying and examining the major risks relevant to their area of influence. The trustees risk management strategy comprises:

Reference and administrative details Registered Company number

05437976 (England and Wales)

Registered Charity number

1117564

Registered office

Oystermouth House Charter Court Phoenix Way Swansea Enterprise Park Swansea West Glamorgan SA7 9FS

5

SHALOM HOUSE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

Trustees

Mr J W G Preece Mrs E M Thomas Dr R P Schofield Mrs B M Caulfield (resigned 15/11/2022) Miss P Ellis (appointed 15/11/2022)

Independent Examiner

Mark Howells FCCA Carr, Jenkins & Hood Oystermouth House Charter Court Phoenix Way Swansea Enterprise Park Swansea SA7 9FS

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

........................................................................ Mr J W G Preece - Trustee

6

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SHALOM HOUSE

Independent examiner's report to the trustees of Shalom House ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:-

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Mark Howells FCCA

Carr, Jenkins & Hood Oystermouth House Charter Court Phoenix Way Swansea Enterprise Park Swansea SA7 9FS

Date: .............................................

7

SHALOM HOUSE

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2023

----- Start of picture text -----
2023 2022
Unrestricted Restricted Total Total
funds funds funds funds
Notes £ £ £ £
Income and endowments from
Donations and legacies 3 47,838 - 47,838 35,860
Charitable activities 6
Care and respite 73,000 6,900 79,900 131,405
Other trading activities 4 73,308 - 73,308 53,102
Investment income 5 70 - 70 7
Other income 7 9,698 - 9,698 6,128
Total 203,914 6,900 210,814 226,502
Expenditure on
Raising funds 8 43,237 600 43,837 37,169
Charitable activities 9
Care and respite 228,565 28,152 256,717 251,378
Total 271,802 28,752 300,554 288,547
-
Net gains/(losses) on investments (15,749) (15,749) (5,621)
NET INCOME/(EXPENDITURE) (83,637) (21,852) (105,489) (67,666)
Reconciliation of funds
Total funds brought forward 614,640 138,432 753,072 820,738
Total funds carried forward 531,003 116,580 647,583 753,072
----- End of picture text -----

The notes form part of these financial statements

8

SHALOM HOUSE

BALANCE SHEET 31 MARCH 2023

----- Start of picture text -----
2023 2022
Unrestricted Restricted Total Total
funds funds funds funds
Notes £ £ £ £
Fixed assets
Tangible assets 17 256,078 114,380 370,458 382,335
Investments 18 232,905 - 232,905 328,654
488,983 114,380 603,363 710,989
Current assets
Debtors 19 4,735 - 4,735 13,302
Cash at bank and in hand 56,236 2,200 58,436 42,712
60,971 2,200 63,171 56,014
Creditors
Amounts falling due within one year 20 (16,969) - (16,969) (13,931)
Net current assets 44,002 2,200 46,202 42,083
Total assets less current liabilities 532,985 116,580 649,565 753,072
Creditors
Amounts falling due after more than one year 21 (1,982) - (1,982) -
NET ASSETS 531,003 116,580 647,583 753,072
Funds 24
Unrestricted funds:
General fund 365,098 432,986
Fair value reserve 15,905 31,654
Designated contingency fund 150,000 150,000
531,003 614,640
Restricted funds:
Property renovation 107,545 110,685
Capital purchases 9,035 12,247
-
Post Code Community 15,500
116,580 138,432
Total funds 647,583 753,072
----- End of picture text -----

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The notes form part of these financial statements

continued...

9

SHALOM HOUSE

BALANCE SHEET - continued 31 MARCH 2023

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. Mrs E M Thomas - Trustee

The notes form part of these financial statements

10

SHALOM HOUSE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1. Statutory information

Shalom House is a private company, limited by guarantee without share capital, registered in England and Wales. The registered office address can be found in the report of the trustees.

2. Accounting policies

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

Shalom House meets the definition of a public benefit entity under FRS 102.

Going concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

Financial reporting standard 102 - reduced disclosure exemptions

The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and the amount can be measured reliably.

Donations and voluntary income are accounted for when receivable.

Income from government and other grants, whether 'capital' or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received, the amount can be measured reliably and is not deferred.

Legacy gifts are recognised on a case by case basis following the granting of probate when the administrator/executor for the estate has communicated in writing both the amount and settlement date. In the event that the gift is in the form of an asset other than cash or a financial asset traded on a recognised stock exchange, recognition is subject to the value of the gift being reliably measurable with a degree of reasonable accuracy and the title to the asset having been transferred to the charity.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

continued...

11

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

SHALOM HOUSE

2. Accounting policies - continued

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Allocation and apportionment of costs

Costs are allocated between direct charitable and support expenditure according to the nature of the cost. Where items involve more than one category they are apportioned between the categories on a basis consistent with the use of resources.

Tangible fixed assets

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

follows:
Freehold land - Freehold land is not depreciated
Freehold property - 50 years straight line
Plant and machinery - 5 years straight line
Fixtures, fittings and equipment - 7 to 10 years straight line
Computer equipment - 3 years straight line

Taxation

Shalom House is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK Corporation Tax purposes.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

continued...

12

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

SHALOM HOUSE

2. Accounting policies - continued

Cash at bank and in hand

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Investments in non-convertible preference shares and in non-puttable ordinary and preference shares are measured:

3. Donations and legacies

Donations
Legacies		 2023
£
38,726
9,112
47,838		 2022
£
35,860
-
35,860

Income from donations and legacies was wholly attributable to unrestricted funds in 2023 and 2022.

4. Other trading activities

Fundraising events
Shop income		 2023
£
6,744
66,564
73,308		 2022
£
1,449
51,653
53,102

Income from other trading activities was wholly attributable to unrestricted funds in 2023 and 2022.

continued...

13

SHALOM HOUSE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

5. Investment income

Investment income
Deposit account interest 2023
2022
£
£
70
7
Income from charitable activities
Grants		 2023
2022
Care and
Total
respite
activities
£
£
79,900
131,405

6. Income from charitable activities

Income from charitable activities was £79,900 (2022: £131,405) of which £6,900 (2022: £25,625) was attributable to restricted funds and £73,000 (2022: £105,780) was attributable to unrestricted funds.

Grants received, included in the above, are as follows:

Hywel Dda Funding For Palliative Care Services
HMRC Job Retention Scheme
PAVS
WCVA
Post Code Community
HMRC SSP
Macmillan
Milford Haven Port Authority
Albert Hunt Trust
Other income
NHS staff bonus
Wales care workers bonus		 2023
£
70,000
-
2,500
(7,000)
-
-
3,900
500
10,000
79,900
2023
£
-
9,698
9,698		 2022
£
69,354
1,238
5,800
35,000
19,825
188
-
-
-
131,405
2022
£
6,128
-
6,128

7. Other income

continued...

14

SHALOM HOUSE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

8. Raising funds

Raising donations and legacies

Raising donations and legacies
Staff costs
Consultancy fees		 2023
£
20,510
-		 2022
£
16,582
1,700
20,510 18,282
Other trading activities
Purchases
Shop rates
Shop insurance
Shop light and heat
Shop rent
Shop repairs and maintenance
Shop sundry expenses
Shop consumables
Shop bank charges		 2023
£
4,015
868
324
1,074
16,360
30
71
312
273		 2022
£
1,418
875
264
940
15,040
6
12
121
211
23,327 18,887
Aggregate amounts 43,837 37,169
9.
Charitable activities costs
Direct
Costs (see
note 10)
£
Care and respite
183,687		 Support
costs (see
note 11)
£
73,030		 Totals
£
256,717

£28,151 (2022: £19,514) of the above costs were attributable to restricted funds. £228,566 (2022: £231,864) of the above costs were attributable to unrestricted funds.

continued...

15

SHALOM HOUSE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

10. Direct costs of charitable activities

Staff costs
Advertising
Kitchen costs
Medical & PPE supplies
Travel and subsistence
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Sundry expenses
Repairs and maintenance
Cleaning
IT, software and consumables
Counselling sessions
Motor expenses
Legal and professional fees
Patient activities
Depreciation
Support costs
Care and respite
Support costs, included in the above, are as follows:
Governance costs
Wages
Social security
Pensions
Independent examiners remuneration
Independent examiners remuneration for
other work
Rates and water
Insurance
Light and heat
Carried forward		 2023
2022
£
£
122,891
114,119
246
2,655
985
600
824
661
3,692
2,520
457
182
4,745
4,330
1,273
1,978
2,166
1,872
823
1,091
2,729
1,888
5,904
16,546
429
497
2,099
2,081
15,430
9,900
3,224
2,395
357
195
2,256
-
13,157
14,100
183,687
177,610
Governance
costs
£
73,030
2023
2022
Care and
Total
respite
activities
£
£
54,491
53,240
3,342
3,087
7,715
7,550
3,860
3,675
672
1,516
51
20
527
481
141
220
70,799
69,789

11. Support costs

continued...

16

SHALOM HOUSE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

11. Support costs - continued

Governance costs - continued

----- Start of picture text -----
|||| |---|---|---| |2023|2022| |Care and|Total| |respite|activities| |£|£| |Brought forward|70,799|69,789| |Telephone|241|208| |Postage and stationery|91|121| |Advertising|27|295| |Legal and professional fees|18|505| |Sundry expenses|303|210| |Repairs and maintenance|624|1,729| |Cleaning|48|55| |IT, software and consumables|233|231| |Depreciation of tangible fixed assets|625|625| |Loan interest|21|-| |73,030|73,768|

----- End of picture text -----

12. Net income/(expenditure)

Net income/(expenditure) is stated after charging/(crediting):

----- Start of picture text -----
|||| |---|---|---| |2023|2022| |£|£| |Examination of the financial statements|3,860|3,675| |Other services|672|1,516| |Depreciation - owned assets|13,783|14,725|

----- End of picture text -----

13. Trustees' remuneration and benefits

There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.

continued...

17

SHALOM HOUSE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

14. Staff costs

Wages and salaries
Social security costs
Other pension costs		 2023
£
176,969
8,791
23,189
208,949		 2022
£
165,314
8,012
21,252
194,578

The average monthly number of employees during the year was as follows:

Care and respite
Administration		 2023
9
2
11		 2022
8
2
10

No employees received emoluments in excess of £60,000.

The total employee benefits of the key management personnel of the charity were £76,699 (2022: £64,760).

15. Comparatives for the statement of financial activities

Unrestricted
Restricted
funds
funds
£
£
Income and endowments from
Donations and legacies
35,860
-
Charitable activities
Care and respite
105,780
25,625
Other trading activities
53,102
-
Investment income
7
-
Other income
6,128
-
Total
200,877
25,625
Expenditure on
Raising funds
37,169
-
Charitable activities
Care and respite
231,864
19,514
Total
269,033
19,514
Net gains/(losses) on investments
(5,621)
-
NET INCOME/(EXPENDITURE)
(73,777)
6,111		 Total
funds
£
35,860
131,405
53,102
7
6,128
226,502
37,169
251,378
288,547
(5,621)
(67,666)

continued...

18

SHALOM HOUSE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

----- Start of picture text -----
15. Comparatives for the statement of financial activities - continued
Unrestricted Restricted Total
funds funds funds
£ £ £
Reconciliation of funds
Total funds brought forward
-
As previously reported 682,582 682,582
Prior year adjustment 5,835 132,321 138,156
As restated 688,417 132,321 820,738
Total funds carried forward 614,640 138,432 753,072
16. Independent examiners remuneration
2023 2022
£ £
Examination of the financial statements 3,860 3,675
Other services 672 1,516
4,532 5,191
17. Tangible fixed assets
Fixtures
Freehold Plant and and
property machinery fittings
£ £ £
Cost
At 1 April 2022 453,492 54,078 38,153
Additions - 1,659 -
At 31 March 2023 453,492 55,737 38,153
Depreciation
At 1 April 2022 85,460 50,802 38,153
-
Charge for year 6,070 1,349
At 31 March 2023 91,530 52,151 38,153
Net book value
At 31 March 2023 361,962 3,586 -
At 31 March 2022 368,032 3,276 -
----- End of picture text -----

continued...

19

SHALOM HOUSE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

17. Tangible fixed assets - continued

Cost
At 1 April 2022
Additions
At 31 March 2023
Depreciation
At 1 April 2022
Charge for year
At 31 March 2023
Net book value
At 31 March 2023
At 31 March 2022		 Motor
Computer
vehicles
equipment
£
£
15,995
13,075
-
247
15,995
13,322
7,998
10,045
3,999
2,365
11,997
12,410
3,998
912
7,997
3,030		 Totals
£
574,793
1,906
576,699
192,458
13,783
206,241
370,458
382,335

Included in cost or valuation of land and buildings is freehold land of £150,000 (2022 - £150,000) which is not depreciated.

Land and building comprise the freehold premises known as 113 Nun Street, St. Davids and occupied by the charity. They were donated by Miss Elizabeth de Guise, a local benefactress. At 16 September 1998, the property was valued at £85,000 and included in the charity's accounts. When the charity commenced activities on 1 July 2007, the premises were revalued due to the substantial amount of renovation work undertaken. Land has been valued by the Trustees at £150,000 and has not been depreciated.

The property was valued at £425,000 as at 30 June 2007, by J J Morris Chartered Surveyors on 10 December 2008. Freehold land and buildings were recognised using this valuation as a deemed cost on transition to the SORP. These assets are being depreciated from their valuation date of 30 June 2007 and have a net book value of £361,962 (2022: £368,032).

continued...

20

SHALOM HOUSE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

18. Fixed asset investments

MARKET VALUE
At 1 April 2022
Disposals
Revaluations
NET BOOK VALUE
At 31 March 2023
At 31 March 2022		 Listed
investments
£
328,654
(80,000)
(15,749)
232,905
232,905
328,654

There were no investment assets outside the UK.

The fair value of listed investments is determined by reference to quoted price for identical assets in an active market at the balance sheet date.

19. Debtors: amounts falling due within one year

Other debtors
VAT
Prepayments
Creditors: amounts falling due within one year
Other loans (see note 22)
Trade creditors
Social security and other taxes
Pension
Accrued expenses		 2023
£
-
3,599
1,136
4,735
2023
£
4,639
1,532
2,454
2,121
6,223
16,969		 2022
£
5,000
6,622
1,680
13,302
2022
£
-
3,208
3,469
-
7,254
13,931

20. Creditors: amounts falling due within one year

continued...

21

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

SHALOM HOUSE

----- Start of picture text -----
21. Creditors: amounts falling due after more than one year
2023 2022
£ £
-
Other loans (see note 22) 1,982
22. Loans
An analysis of the maturity of loans is given below:
2023 2022
£ £
Amounts falling due within one year on demand:
Other loans 4,639 -
Amounts falling between one and two years:
Other loans 1,982 -
23. Leasing agreements
Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£ £
Within one year 9,800 14,600
-
Between one and five years 4,800
9,800 19,400
----- End of picture text -----

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £9,800 (2022: £19,400).

continued...

22

SHALOM HOUSE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

24. Movement in funds

Unrestricted funds
General fund
Fair value reserve
Designated contingency fund
Restricted funds
Property renovation
Capital purchases
Post Code Community
TOTAL FUNDS
Net movement in funds, included in the above are
Unrestricted funds
General fund
Fair value reserve
Restricted funds
Care and respite
Property renovation
Capital purchases
Post Code Community
TOTAL FUNDS		 Net
movement
At
At 1.4.22
in funds
31.3.23
£
£
£
432,986
(67,888)
365,098
31,654
(15,749)
15,905
150,000
-
150,000
614,640
(83,637)
531,003
110,685
(3,140)
107,545
12,247
(3,212)
9,035
15,500
(15,500)
-
138,432
(21,852)
116,580
753,072
(105,489)
647,583
as follows:
Incoming
Resources
Gains and
Movement
resources
expended
losses
in funds
£
£
£
£
203,914
(271,802)
-
(67,888)
-
-
(15,749)
(15,749)
203,914
(271,802)
(15,749)
(83,637)
3,654
(3,654)
-
-
-
(3,140)
-
(3,140)
3,246
(6,458)
-
(3,212)
-
(15,500)
-
(15,500)
6,900
(28,752)
-
(21,852)
210,814
(300,554)
(15,749)
(105,489)

continued...

23

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

SHALOM HOUSE

24. Movement in funds - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Fair value reserve
Designated contingency fund
Restricted funds
Property renovation
Capital purchases
Post Code Community
TOTAL FUNDS		 Prior
Net
year
movement
At 1.4.21
adjustment
in funds
£
£
£
495,307
5,835
(68,156)
37,275
-
(5,621)
150,000
-
-
682,582
5,835
(73,777)
-
113,825
(3,140)
-
18,496
(6,249)
-
-
15,500
-
132,321
6,111
682,582
138,156
(67,666)		 At
31.3.22
£
432,986
31,654
150,000
614,640
110,685
12,247
15,500
138,432
753,072

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Fair value reserve
Restricted funds
Care and respite
Property renovation
Capital purchases
Post Code Community
TOTAL FUNDS		 Incoming
Resources
resources
expended
£
£
200,877
(269,033)
-
-
200,877
(269,033)
5,800
(5,800)
-
(3,140)
-
(6,249)
19,825
(4,325)
25,625
(19,514)
226,502
(288,547)		 Gains and
Movement
losses
in funds
£
£
-
(68,156)
(5,621)
(5,621)
(5,621)
(73,777)
-
-
-
(3,140)
-
(6,249)
-
15,500
-
6,111
(5,621)
(67,666)

continued...

24

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

SHALOM HOUSE

24. Movement in funds - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Fair value reserve
Designated contingency fund
Restricted funds
Property renovation
Capital purchases
TOTAL FUNDS		 Prior
Net
year
movement
At 1.4.21
adjustment
in funds
£
£
£
495,307
5,835
(136,044)
37,275
-
(21,370)
150,000
-
-
682,582
5,835
(157,414)
-
113,825
(6,280)
-
18,496
(9,461)
-
132,321
(15,741)
682,582
138,156
(173,155)		 At
31.3.23
£
365,098
15,905
150,000
531,003
107,545
9,035
116,580
647,583

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Fair value reserve
Restricted funds
Care and respite
Property renovation
Capital purchases
Post Code Community
TOTAL FUNDS		 Incoming
Resources
resources
expended
£
£
404,791
(540,835)
-
-
404,791
(540,835)
9,454
(9,454)
-
(6,280)
3,246
(12,707)
19,825
(19,825)
32,525
(48,266)
437,316
(589,101)		 Gains and
Movement
losses
in funds
£
£
-
(136,044)
(21,370)
(21,370)
(21,370)
(157,414)
-
-
-
(6,280)
-
(9,461)
-
-
-
(15,741)
(21,370)
(173,155)

continued...

25

SHALOM HOUSE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

25. Employee benefit obligations

The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in independently administered funds. The pension costs charge represents contributions payable by the charity to those funds and amounted to £23,189 (2022: £21,252).

26. Contingent liabilities

It was discovered during the independent examination of the accounts for this year and following a smart gas meter being installed at the home in 2021, that no bills have been received since then due to a fault where the meter was sending zero readings.

This is currently being investigated and there is likely to be a charge made by the supplier for the gas usage during this period. The amount of this liability cannot be determined due to the faulty meter. The resulting liability will be accounted for once known and accepted.

27. Related party disclosures

There were no related party transactions for the year ended 31 March 2023.

28. Ultimate controlling party

The ultimate controlling party is the board of trustees.

26

SHALOM HOUSE

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

----- Start of picture text -----
2023 2022
£ £
Income and endowments
Donations and legacies
Donations 38,726 35,860
-
Legacies 9,112
47,838 35,860
Other trading activities
Fundraising events 6,744 1,449
Shop income 66,564 51,653
73,308 53,102
Investment income
Deposit account interest 70 7
Charitable activities
Grants 79,900 131,405
Other income
NHS staff bonus - 6,128
Wales care workers bonus 9,698 -
9,698 6,128
Total incoming resources 210,814 226,502
Expenditure
Raising donations and legacies
Wages 16,943 13,636
Social security 1,147 1,006
Pensions 2,420 1,940
-
Consultancy fees 1,700
20,510 18,282
Other trading activities
Purchases 1,704 1,418
-
Fund raising costs 2,311
Shop rates 868 875
Shop insurance 324 264
Carried forward 5,207 2,557
----- End of picture text -----

This page does not form part of the statutory financial statements

27

SHALOM HOUSE

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

Other trading activities
Brought forward
Shop light and heat
Shop rent
Shop repairs and maintenance
Shop sundry expenses
Shop consumables
Shop bank charges
Charitable activities
Wages
Social security
Pensions
Advertising
Kitchen costs
Medical & PPE supplies
Travel and subsistence
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Sundry expenses
Repairs and maintenance
Cleaning
IT, software and consumables
Counselling sessions
Motor expenses
Legal and professional fees
Patient activities
Depreciation of tangible fixed assets
Support costs
Governance costs
Wages
Social security
Pensions
Independent examiners remuneration
Independent examiners remuneration for
other work
Carried forward		 2023
£
5,207
1,074
16,360
30
71
312
273
23,327
105,535
4,302
13,054
246
985
824
3,692
457
4,745
1,273
2,166
823
2,729
5,904
429
2,099
15,430
3,224
357
2,256
13,157
183,687
54,491
3,342
7,715
3,860
672
70,080		 2022
£
2,557
940
15,040
6
12
121
211
18,887
98,438
3,919
11,762
2,655
600
661
2,520
182
4,330
1,978
1,872
1,091
1,888
16,546
497
2,081
9,900
2,395
195
-
14,100
177,610
53,240
3,087
7,550
3,675
1,516
69,068

This page does not form part of the statutory financial statements

28

SHALOM HOUSE

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

----- Start of picture text -----
2023 2022
£ £
Governance costs
Brought forward 70,080 69,068
Rates and water 51 20
Insurance 527 481
Light and heat 141 220
Telephone 241 208
Postage and stationery 91 121
Advertising 27 295
Legal and professional fees 18 505
Sundry expenses 303 210
Repairs and maintenance 624 1,729
Cleaning 48 55
IT, software and consumables 233 231
Depreciation of tangible fixed assets 625 625
Loan interest 21 -
73,030 73,768
Total resources expended 300,554 288,547
Net expenditure (89,740) (62,045)
----- End of picture text -----

This page does not form part of the statutory financial statements

29

SHALOM HOUSE

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

----- Start of picture text -----
2023 2022
£ £
INCOME
Donations 38,726 35,860
-
Legacies 9,112
Fundraising events 6,744 1,449
Shop income 66,564 51,653
Deposit account interest 70 7
Grants 79,900 131,405
Other income 9,698 6,128
Total incoming resources 210,814 226,502
EXPENDITURE
-
Consultancy 1,700
Purchases 1,704 1,418
-
Fund raising costs 2,311
Shop rates 868 875
Shop insurance 324 264
Shop light and heat 1,074 940
Shop rent 16,360 15,040
Shop repairs and maintenance 30 6
Shop sundry expenses 71 12
Shop consumables 312 121
Shop bank charges 273 211
Wages 176,969 165,314
Social security 8,791 8,012
Pensions 23,189 21,252
Advertising 273 2,950
Kitchen costs 985 600
Medical & PPE supplies 824 661
Travel and subsistence 3,692 2,520
Rates and water 508 202
Insurance 5,272 4,811
Light and heat 1,414 2,198
Telephone 2,407 2,080
Postage and stationery 914 1,212
Sundry expenses 3,032 2,098
Repairs and maintenance 6,528 18,275
Cleaning 477 552
IT, software and consumables 2,332 2,312
Counselling sessions 15,430 9,900
Motor expenses 3,224 2,395
Legal and professional fees 375 700
Patient activities 2,256 -
Independent examiner - examination of accounts 3,860 3,675
Independent examiner - other work 672 1,516
Depreciation 13,782 14,725
Loan interest 21 -
Total resources expended 300,554 288,547
Net income (89,740) (62,045)
----- End of picture text -----

This page does not form part of the statutory financial statements

30