REGISTERED CO]VIPANY NUMBER: 06183852 {England and Wales)
REGISTERED CHAIUTY IYUMBER.. 1120447
WOKING HOIVLES
FINANCIAL STATEIVIENTS
FOR THE YEAR ENDED 31 MARCH 2024
Shaw Gibbs Audit Ltd
264 Banbury Road
Oxford
Oxfordshire
OX2 7DY

WOK]NG HOMES
CONTENTS OF THE FINANCIAL STATEMENTS
for the
ear ended 31 Mareh 2024
Page
Report of the Trustees
Report of the Independent Auditor
Statement of Finaneial Activities
io
Balance Sheet
Cash Flow Statement
l2
Notes ¢0 the Cash Flow Statement
13
Notes to the Financial StstemeDts
14 to 25
Detailed Statement of Financial Activities
26 to 27

WOKING HOMES
REPORT OF THE TRUSTEES
for the
ear ended 31 March 2024
The irnstees who are a]so directors of the charity for the purposes of the Companies Act 2006. present their rewrt with
the fmancial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of
Accounting and Reporting by Chartties: Statement of Recotllmended Practice applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable ill the UK and Republic of Ireland (FRS 102)
(effective l January 2019).
ORIECTtVES AND AcfiviTIES
Objectives and aitns
The principal activity of Woking Homes (the Home) i5 the provision of living accoD)modation and general care of
retired fornier railway employees and others at the discretlOD of tbe trLLStees. Over the years tbe balance between fornier
railway staff and those without railway connections bas shifted such that about half of residents are now non-railway.
Tbe Home is run in accordance with the Articles of Association, with the Chief Executive, Mrs S Kemp, who is
appointed by the Board of Trnslees, responsible for the general running and management of the Home. The Board's
policy of providing a fLrst rate residential care hotlle, which enriches the lives of all those who live and work at the
Home, Continues unchanged.
The tn￿teeS are confident that they ¢OLDply with the requiretnents of the Charities Act 2011 regarding public benefit.
STRATEGIC REPORT
Achiev¢m¢llt and p¢rformaDce
Charitsble activities
The Home continues to provide expert care for its many pernianent and resplte residents. The charity provides
bigh-quality long-terni care for up to 51 people, some of whom could otherwise be dependent on the facilities provide
at considerable cost, by locaI authorities. A few residents are fi￿ded by local authorities but the rdtes paid are
significantly less than the cost of providing a place. the difference is either made up by top-up funds from the resident's
family or, in exceptional cases, the difference is covered by the chaTity. Demand for places at the Home reEDains strong
and a waiting list is maintained.
A policy of improving and enhancing the facilities is under way with internal and external decoration now well
advanced following refurbishrnent of all residents, rooms completed durlng the year. This is in line with the stated aim
of providing bigh quality care ill the best possible surroundings.
The last major redevelopment of the facilities took place in 201 O, with an extension to the dining room being con]pleted
in 2018 to accommodate more residents needing mobility aids. The Board remains acut¢ly aware of the need to take
account of changing needs of residents and staff and wort(s closely with the Chief Executive to identify, fimd and
deliver improvements to facilities.
The tsustees aim to ensure that the standards of c&re provided are maintained at the highest possible level. This is
achieved by the following policies:
- Full review of all Care Quality Conlluission (CQC) reports and implementation of recommendations;
- Unannounced monthly visits by a tristee who then reports in general on all aspects of the Homes and in particular on
an actlvlty that is selected for intensive scrutiny. Reports are circulated to all trustees to ensure that matters are followed
up in ￿tUre visits. The visits include I: I discussions with at least one resident and one member of staff to highlight any
areas of ¢oncern.
- Maintaining an open cuItt￿e which allows complaints from staff and residents to be fully investigated.
Employment policies designed Èo ensure that residents, needs are pararaount"
- Appointment of high calibre staff at all levels.
- Intensive staff training programme.
During the year two trustees attended staff meetings to answer any questions or concerns raised and to explain the role
of the trustees in the running of the Home. This was weu received by staff who attended tbe meetings. The trustees are
extremely grateful for the loyalty and support of the staff, who are the key providers of care in the Home.
We are also very grateful for the support of the Friends of Woking Homes and the many railway staff and railway
companies who continue to support the Homes fmancially.
Page I

WOKtNG HOMES
REPORT OF THE TRUSTEES
for the
ear ended 31 March 2024
STRATEGIC REPORT
Achievement and performanee
Investment performance
At 31 st March 2024 the portfolio was vaIued at £8,230.719 (2023: £7.511,283). The balance OD the cash management
portfolio at 3 1st March 2024 stands at £116,836 (2023.. £195,615). During the year £nil was invested (2023: £nil) and
£llil {2023: £nil) of the dividends r¢c¢iv¢d from th¢ ijjvestment portfolio wa5 reinvested.
The ttvstees continue to monitor the investments in conjunction with Rathbones who were appointed fijnd managers in
2015. The investment portfolio consists of specific shareholdings ill individual companies as well as interests in pooled
funds.
Finaneial review
InveslMeni policy and objeetives
The trustees investment policy is to invest in a spread of low to medium risk investtnents and to generate sufficient
investsnent Éucome to ensure fees to residents are kept lower than would otherwise be possible.
Reserves policy
It is the policy of tbe trustees to maintain sufficient reserves held in the forni of investments so that the charity is able to
subsidise the fees it Charges residents with a railway connection without risking the ongoing viability of the cbarity. Of
the total reserves of approximately £18.025 million, £5.129 million is represented by the carrying value of lan(L
buildings and other r￿ed assets. Additionally £8.348 million is represented by investh]ent assets and £4.040 million is
represented by investrent properties, leaving free reserves of approximately £0.468 million. The liquid reserves
provAde against unforeseen fluctuations in occupancy levels and unanticipated exceptional costs. The trustees are of the
opinion this is sufficient to cover any short terni cash flow pressures aud if exceptional fullds were require(L
investhlents could be realised and cash released.
Other than reserves represented by the charity's land and buildings and investmellts designed to generate income to keep
fees as low as possible, the twstees keep sufficient reserves in a sufficiently liquld forn) so that they can respond to any
unexpected costs or other contingency or dTOP in income.
Financial summary
The fLuallcial results for the year were very satisfactory. given the ctrcumstances. Incoming resources increased to
£3.160 million in 2024 (2023.. £2.536 mil]ion) aJ]d llet incoming r¢sourc¢s for the year before investment gain were
£431,670 (2023: £129,546).
REsk Management
The trustees have established a risk ftnanagement strategy which comprises:
-an allnua] review of the principal risks and uncertainties that the charity faces:
-the establish]nent of policies, systems and procedures to mitigate those risks Identifi￿ ij) the annual review. and
-the implementation of procedures designed to minimise or manage any potential impact on the charity should
tbose risks rnateriaIise.
The work has identified that reduced occupancy leve]s is the major fManc1￿ risk for the charity. Steps are taken to
ensure that occupancy levels are tnaintained tn the long terni and additional advertis7ng h&s been undertaken to increase
resident numbers.
Attention has also been focussed on non-financial risks in the areas of the care, health and safety of the residents and
staff. These risks are rnanaged by having robust policies and procedures in place, and regular training for all staff. The
coronavirus pandemic does, of course, create additional risks and uncertainties, whickn the trnstees, together with the
CEO continue to keep under review.
Page 2

WOKING HOMES
REPORT OF THE TRUSTEES
for the
ear ended 31 March 2024
STRATEGIC REPORT
Future plans
Woking Homes aims alld objectives for the future are to sustain our highest standards of accommodation and care for
our residents. We Continue to train and motivafr our staff to r¢spect our residents, individuality. privacy. dignity,
independ¢D¢e, choice, rights, fulfi]ment and security while providing a comfortable home which is safe and secure. To
fither provide a safe operating environment for our staff and residents, we have compl¢t¢d work QD providing
dedicated changing rooms with showers for our staff.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The chaTity is controlled by its governing documenl its Articles of Association, and is constituted as a company limited
by guarantee, as def]ned by the Companies Act 2006.
Reeruitment and appointment of new trustees
New trustees are recruited generally from the railway industy or from those known to possess appropriate specialist
skills. Ln particular, care, fmancial, human resources and constrnction industy expertise is vaIued. It is pleasing tbat
the Board is still able to recruit trnstees who are passionate about the work of the Home and the car¢ of the r¢sidents
and are also highly qualified individuals WAth valuable management and people skills.
The success of the Home has been maintained because of the quality of the trnstees and their dedication to the work of
the Home, along with the competent management of the Home.
Organtsational structure
All strategic and governance matters are decided upon by the board of ts￿Stees but the day-to-day management of the
care home is delegated to the Chief Executive, Mrs S Kemp, supported by the Care Home Manager, Ms P Hook.
The Board of Trustees operates a sub-comtllittee strllcture for detailed review and planning of ￿t￿re changes to the
Home. These are Finance, Personnel, Health & Safety and Project Delivery. The Chief Executive and the Care Home
Manager sit on all four conin]ittees and provide a vital link between day to day management and the strategic function
of the Boord. Each conjmittee Meets quarterly and reports into the quarterly tnjstee board meeting, held a few weeks
later.
During the year a Strategy Day was held to review the effe¢tAveness of the board/sub-conunittee structure. This bas
resulted in an improved focus on planlling and reporting of projects as well as better management of expenditure.
Induction and training of new trustees
Potential new trustees are interviewed by the Chair of the Board and the Chief Executive. The new trustees are provided
witb appropriafr infomiation about the Home, its history, ethos and governan¢e, intluding a copy of the ChaTity
Conunission publication "the essential tru5tee'. what you need to know, what you need to do"
and offered an
opportunity to discuss the implications with the Chair. In addition, a visit to the Home, a discussion with the Cbief
Executive and attendance at a tsvstees, roeeting are provided prior to a¢ceptiJ]g appointment. The normal duties of a
stee are explaine(t illcluding attendance at tsustees, meetings, membership of relevant sub-committees and regular
inspection visits to the Home. The appoinlments are then confirmed at the next AJ]nual General MeetiJ)g for a tenn of
up to 3 years, each trustee being able to serve up to three consecutive ternis.
Key management remuneration
All trnstees give of their time freely and no ttvstee received remuneration in the year. Details of trnstees, expenses and
related party transactions are disclosed in notes [2 and 22 to the accounts.
The pay of the senior staff is reviewed annually and nornialty increased in accordance with average earnings. In view of
the nature of the charity, the trltstees bencbmark against pay levels in other similar care homes.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Coujpally uumber
06183852 (England and Wales)
Page 3

WOKtNG HOMES
REPORT OF THE TRUSTEES
for the
ear ended 31 March 2024
Registered Charity number
1120447
Registered office
Oriental Road
WOKNG
SU￿eY
GU22 7BE
Trustees
MT M Evans Chair
Mr R Evans
Mr M Riley (resigned 20.9.23)
Mr J Cwley {resi￿ed 20.9.23)
Mr A L Pulfer
Mr A Haddon
Mr J Martin
Mrs L Francis
Mrs L Bradbury (resigned 24.4.23)
Mrs S A Coles
Mr M Stubbs
J Elliott (appointrd 20.9.23)
K Martin (appointed 20.9.23)
P Field (appointed 20.9.23) (resigned 14.12.23)
Auditor
Shaw Gibbs Audit Ltd
264 Banbury Road
Oxford
Oxfordshire
OX2 7DY
Sollcltors
Blake Morgan
New King's Courl Tollgate, Chandlers Forl Eastleigh, S053 3LG
Investment MAnagers
Rathbone irAvestmenl Management Ltd
I Curzon Str¢e4 London WIJ 5FB
COMNENCEMENT OF ACTIVITIES
The charitable company was incorporated on 26 March 2007 and commenced trading on 1st October 2007. On that
date it took over all the assets and liabilities of Woking Homes, au unincorporated charity number 200346, and has
continued the work of the original charity.
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The trustees (wbo are aIso the directors of Woking Homes for the purposes of company law) are responsible for
preparing the Report of the Trustees and the fmallcial staternellts in accordance with applicable law and Uuited
Kingdom Accounting Standards (United Kingdorn Generally Accepted A¢¢ounting Practice).
Page 4

WOKING HOMES
REPORT OF THE TRUSTEES
for the ear ended 31 Marcb 2024
STATEMENT OF TRUSTEES, RESPONSIBILITIES - Colltinued
Company law requires the tn￿leeS to prepare f￿ancIal statements for each financÉal year which give a true and fair
view of the state of affairs of the charitable company and of the incoming resources and application of resourc¢s.
including the income and expenditure. of the charitable company for that perio& In prepaTing those financial
Statemellts, the trustees are required to
select suitable accounting policies and then apply them consistently-
observe the methods and ptinciples in the ChaTity SORP.
make judgements and estimates that are reasonable and prudent.
prepare the fjnancial statemeThts on the going concern basis unless it is ijiappropriate to presume that the ¢haritable
company will Continue in business.
The trustees are responsible for keeping proper accounting records whicb disclose with reasonable accuracy at aDy time
tbe fmancial position of the charitable company and to enable theEn to ensure that the fll]aDcial statements comply with
the Comp3nies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for
taking reasonable steps for the prevention and detection of ￿lld and other irregularities.
In so far as the tsustees are aware:
there is no relevant audit inforniation of which the charitable company's auditor is unaware. 3nd
the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit
inforniation and to establish that the auditor is aware of tbat infonnation.
AtrDITOR
The auditors, ShaNV Gibbs Audit Ltd, will be proposed for re-appointment al the forthcoming Annual General Meeting.
Report of the trustees, incorporating a strategic repor¢ approved by order of the board of trustee5. as the cornpany
directors, on ..
. and siglled on the board's behalf by".
Mr M Evans - Trustee
Page S

REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF
WOKll¥G HOMES
Opillion
We have audited the fmancial statements of Woking Homes (the 'charitable company) for the year ended
31 March 2024 which comprise the StateEneDt of Financial Activities, the Balance Shee( the Cash Flow Statement and
notes to the financial statements. including a summary of significant accounting policies. The fmancial reporting
framework that has been applied ill their preparation is applicable law and United Kingdom Accounting Standards
(Unitsd Kingdom Generally Accepted Accounting Practice).
Ill our opinion the financial statements:
give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its incoming
resources and application of resources, including its income and expenditure, for the year then ended.
have been properly prepared in ￿cOrdanCe with United Kingdom Generally Accepted Accounting Practice. and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for OPilllOD
We conducted our audit in accordance witb tntemational Standards on Auditing (UK) (ISAS (UK)) and applicable law.
Our responslbilities under those standards are fiuther described in the Auditor responsibilAti¢s for the audit of the
finallcial statements section of our report. We are independent of the charitable company in accordance with the
ethical requiren]ents that are relevant to ow audit of the fmancial statements ID the LfK, including the FRC'S Ethical
Standard. and we have fulfilled our other ethical responsibilities in accoTdance with these requirements. We believe
that the audit evidence we have obtained is sufficient and appropriate to provlde a basis for our opinion.
Conelusions relating to going coDcerD
In auditing the fmaDcial statements, we bave concluded that the ttustees, use of the going concern basis of ac¢ounting in
the prepaTation of the fmancial statements is appropriat¢.
B￿¢d on the work we have perfoTmed, we have not identified any mateTial uncertainties Telating to events or conditions
thaL individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going
concern for a period of at least twelve rnonths from when the fmancial stalernents are authorised for issue.
Our responsibilities and the responsibilities of the tsustees with respect to gopng concern are described in the relevant
sections of this report.
Other information
The trnstees are responsible for the other inforniation. The other inforniation comprises the infomiation included in the
Annual Report, other than the f]nancial statements and our Report of the Independent Auditor theieon.
Our opinion on the f]nancÉal statements does not cover the other inforniation an4 except to the extent otherwise
expli¢itly stated in our repo¢ we do not express any forni of assurance conclusion thereon.
In connection with our audit of the fmancial statements, our responsibility is to ￿ad the other illfonnation and, in doing
so, consider whether the other infonnation is materially inconsistent with the fjnancial statements or our knowledge
obtained in the audil or otherwise appears to be materially misstated. If we Identify such material inconsistencies or
apparent material misstatements, we are required to deterniine wbether this gives rise to a material misstatetnellt in the
f￿ancial statements themselves. If, based on the WO￿ we have perfornied, we conclude that there is a material
misstatement of this other inforniation, we are required to report that fact. We have nothing to report in this regard.
Opinions OD Other matters prescribed by tbe Companies Act 2006
tn out opinion, based on the work undertaken in the course of the audit:
the information given in the Report of the Trustees for the fLnanciaI year for wbich the financial statements are
prepared is consistent with the f￿ancIal statements. and
the Report of the Trustees bas been prepared in accordance with applicable legal requirements.
Page 6

REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF
WOKING HOMES
Matters OD wbich we are required to report by exeeptio
tn the ligbt of the knowledge and understanding of the chaTitable company and its environment obtained in the course
of the audiL we have not identified material misstatements in the Report of the Trustees.
We have nothing to report in respect of the following matters where the Companies Act 2006 r¢quires us to report to
you if, in our opinion:
adequate accounting records have not been kept or returns adequate for our audit have not been received fronl
branches not visited by us. or
the flljancial statements are not in agreement with the accounting records and rettjrns. or
certaiD disclosures of tn￿tees, reLDuneration specified by law are not mad¢. or
we have not received all the inforniatlou and explallations we require for our audit.
Responsibilities of trustees
As explailled more ￿]lY in the Statement of Trnstees, Responsibilities, the trustees (who are also the directors of the
cFLaritable company for the PUTposes of cotnpany law) are responsible for the preparation of the fllwicial statements and
for being satisfied that they give a trne and fair view, and for such internal control as the trustees deterniine is necess&ry
to enable th¢ preparation of fmancial stafrm¢llts that are free from material misstatement, whether due to fraud or e￿or.
tn preparing the f]nancial statements, the trustees are responsible for assessing the charitable company's ability to
continue as a going concern, disclosing, as applicable, matters related to going concern and using tbe going concern
basis of accounting unless the trnstees either intend to liquidate the cbaritable company or to cease operations, or have
no r¢alistic alternative but to do so.
Page 7

REPORT OF THE INDEPENDENT AUDITOR TO THE IIqEMBERS OF
WOKING HOIVLES
Our respollsibilities for tbe audit of the fwaocial ststewents
Our objectives are to obtain reasonable assurance about whether the fjnancial statements as a whole are free from
mateTial misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditor that includes OUT
opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted in
accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstate]nents can arise from
fraud or error and are collsidered material if, individualty or in the aggregate. they could re&gonably be exp¢cted to
infiu¢nce the economic decisions of users taken on the basis of these financial statem¢ots.
The extent to which our procedures are capable of detecting irregularities. including fraud is detailed below:
ol￿ approach to identifying and assessing the risks of matertal misstatement in respect of ]￿egular1ties,InC1Udin8 fraud
and non-compliance with laws and regulations, was as follows..
the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities
and skills to identify or recognise non-compliance with applicable laws aad regulations;
we Identified the laws and regulations applicable to the charitable company tlirougb discussions with tsvstees and
other mallagement, review of the cFLaritable company's Register of Legal Requirements,, and from our knowledge and
experience of the sector"
we focused on specific laws and regulations whicb we considered may have a direct n]aterial effect on the fJnancAal
statements or the operdtions of the company, including the Cotnpanies Act 2006, Charities legislatiou, employment,
environmental and health and safety legislation and legislation specifIcally applicable to the Care sector"
' we assessed the extent of complianc¢ with tbe laws and regulations identified above ￿oU￿b making enquiries of
ftnanagelneni and inspecting relevant CO￿espondence. and
identifIed laws and regulations were communicated within the audit team regularly and the team remained alert to
instances of non-compliallce thJoughout the audit.
We assessed the susceptibility of tbe charitable coukpany's fmancial statements to material tnisstatemenl including
obtaining an understanding of how fraud might occur, by:
Tnaking enquixies of management as to where they considered there was susceptibility to fraud, their knowledge of
tual, suspected and alleged fraud. and
' considering the internal controls in place to mitigafr risks of fraud and non-compliance with laws and regulations.
To address the risk of fraud througb management bias and override of controls, we:
' performed analytical procedures to identify any unusual or unexpected relationships.
' tested jOUTnal entiies to identify unusual transactions.
assessed whether judgements and assumptions made in detennining the accounting estimates were indicative of
potential bias. aud
' investigated the rationale behind significant or unusual transactions.
tn response to the risk of irregularities and non-complian¢e with laws and regulations. we designed procedures which
included, but were not limited to:
' agreeing fmancial statement disclosures to underlying supporting documentation.
' reading the minutes of meetings of tbose charged with governance.
' obtaining an overview of the internal procedures adopted by the client to eDsure contlnued compliance with relevant
laws and regulations, including a review of a sample of the reports from internal process audits.
enquiring of rnanagement &8 to actual and potential litigation and claims. and ' reviewing relevant correspondence
with Jelevant regulators including the Health and Safety Executive, and the Care Quality Commission.
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are
from fmaDcial transactions, the less likely it is that we would becorae aware of non-compliance. Auditing standards also
limit the audlt procedures required to identify llon-compliance with laws and regulations to enquiry of the directors and
other manage￿ellt alld the inspection of regulatory and legal correspolldence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise frorn error as they may
involve deliberate ¢onceaLmenÈ or collusion.
Page 8

REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF
WOKtNG HOIVIES
A furthei description of our responsibilities for the audit of the fmancial stateAnents is located on the Financial
Reporting Council's website at www.frc.org.uklaudiÈorsresponsibilities. This description fonns part of our Report of the
Jndependent Auditor.
Use of our report
ThAs report is made solely to the charitable company's members. as a bo(ty. in accordance with Chapter 3 of Part 16 of
the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's
tnembers those tnatteTS we are required to stste to th¢m in an auditor's report and for no other PUTpose. To the fullest
extent p¢rn]itt¢d by law, w¢ do not a¢c¢pt or assume responsibility to anyone otbeT thaa the charitable company and the
charitable company's membeTS as a body, for our audit worL for this report, or for the opijjions we have forEne
QWL
Lance Redman (Senior Statytory Auditor)
for and on behalf of Shaw Gibbs Audit Ltd
264 Banbury Road
Oxford
Oxfordshire
OX2 7DY
Date..
Page 9

WOl4ThG HOMES
STATEMENT OF FINANCIAL ACTIVITIES
NCORPORATING AN tNCOME AND ExPE1￿lTURE ACCOUN
for the
ear ended 31 March 2024
2024
Endowment
2023
Total
Unrestrtcted
Total
Restricted
funds
fi￿dS
fund
funds
funds
Notes
tNCOME AND
ENDOWIVIENTS FROM
Donations and legacies
378,446
378,446
197,999
Charitable activities
Provision of care
2,318,692
2,318.692
1,874,940
Other trading activities
Investrnellt iucome
Other income
20,609
441,921
20,609
441,921
26.572
436,089
803
Total
3 159668
3 159 668
2 536 403
EXPE1￿￿TURE ON
Raising fi￿d$
63,655
63,655
84,211
Charitable activities
Provision of care
Catering services
Howehold services
Property & equipment
Maintenance
Vehicle rLmning costs
Support costs
Other expenditure
1,152,969
378,310
352,079
1.152,969
378,310
352,079
991,644
330.036
306,913
217,231
21,910
360,880
217.231
21,910
360,880
188,320
27,882
329,812
148 039
Total
2 727 998
2 727 998
2 406 857
Net gains/(losses) on
invesfments
502 595
502 595
496 809)
NET
tNCONtE/(EXPENDITURE)
934265
934,265
(367,263)
RECONCILIATION OF
FUNDS
Total funds brougbi forward
17,091,301
24,100
17,115,401
17,482.664
TOTAL FUNDS CARRIED
FORWARD
18 025 566
18 049 666
17 115401
The notes fortn part of these fmancial stat¢tnents
Page 10

WOKING HOMES
BALANCE SHEET
31 March 2024
2024
2023
Notes
FIXED ASSETS
Tangible &ssets
IDvestmellts
Investments
Investment propety
14
5,128,840
5,086,434
15
16
8,347,555
7,706,898
4 100 000
17,516,395
16,893,332
ciniREiYf ASSETS
Debtors
C&8h at bank and in hand
17
200,845
468.605
66,170
281 103
669,450
347,273
CREDITORS
Arnounts falltng due witbin one year
18
(136,179)
{125,204)
NET CURRENT ASSETS
533 271
TOTAL ASSETS LESS CURRENT
LIABILITIES
18,049,666
17,115,401
NET ASSETS
18 049 666
17 115 401
FUNDS
Unrestricted funds
Endowm¢nt funds
21
18,025,566
17,091,301
TOTAL FUNDS
18049 666
17 II540E
ancial statements were approved by the Board of Trustees and authorised for issue on
Y.glx.4........,........
and were signed on its behalf by..
Mr M Evans - TTUStee
The llotes forn] part of these fmancial statements
Pagell

WOKING HO￿s
CASH FLOW STATEMENT
for the
ear ended 31 Marcb 2024
2024
2023
Notes
Cash flows from operating activities
Cash generated from operations
139 578)
Net cash provided by/(used in) operating activities
139.578)
Cash Ilows from investing activities
Purchase of tangible fLYed assets
Purchase of fjxed asset investments
Sale of r￿ed asset investments
tnvestment cash movements
terest received
Dividends and rental income received
(199,761)
(2.098.703)
1,941,502
78,779
3,743
438 178
(110,315)
(4,911,653)
5,115,578
(156,610)
969
435,120
Net ¢ash provided by investing activities
163 738
373 089
Ch8Dge in cash and e2$b equivalents in
the reporting period
Cash and eash equlvalents at the
beginning of the reporting period
187,502
233,511
281 E03
Cash and cash equivalents at the end of
the repor¢Ang period
468 605
281 103
The notes forni part of these fmancial statements
Page 12

WOKING HOMES
NOTES TO THE CASH FLOW STATEMENT
for the
ear ended 31 March 2024
RECONCILIATION OF NET INCOME/IEXPENDrrttRE) TO NET CASH FLOW FROM
OPERATING AcfIviTtES
2024
2023
Net incomel(expenditure) for the reportiDg period (as per tb¢
Stalement of FillaDcial Activities)
Adjustments for:
Depreciation charges
(Gain)Ilosses on investments
Loss on disposal of r￿ed assets
tnterest received
Dividends and rental income received
(Increase)Idecrease in debtors
Increase in creditors
934,265
(367,263)
150,139
(502.595)
7.216
(3,743)
(438,178)
(134,315)
132,571
496,809
(969)
{435,120)
10,535
Net cash provided by/(used in) operaÉions
139 578)
ANALYSIS OF CIL4NGES IN NET FtrNDS
At 1.4.23
Cash flow
At31.3.24
Net casb
Cash at bank and Tn hand
281103
187502
281 103
187 502
468 605
Total
281 103
187 502
468 605
The notes form part of these fmancial statements
Page 13

wOK￿￿G HOMES
NOTES TO THE FtNANCIAL STATEMENTS
for the ear ended 31 Mar¢b 2024
ACCOUNTING POLICIES
Basis of preparing the financial Stat¢￿ellts
The financial statements of the charitable company, which is a public benefit elltity under FRS 102. have been
prepared in accordance with tbe Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement
of Recomn]¢nded Practice applicable to cbarities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),,
Financial Reporting StaDdard 102 The Financial Reporting Standard applicable in the UK and Republic of
treland, and the Companies Act 2006. The financial statements have been prepared under the historical cosl
convention, with the exception of investhients which are included at Enarket value, as modified by the
revaluation of certaln &8sets.
Income
All incotne is recognised in the Statement of Financial Activities once tbe charity has entitlement to the fimds, it
Is probable that the income will be received and the amount can be measured reliably.
Eipenditure
Liabilities are recO￿lS¢d as expenditt￿e as soon as there is a legal or conslrn¢tive obligation committing the
charity to that expenditUT¢, 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 a¢¢DJaIs basis and i
been classified under headings that aggregat¢ all cosl related to the Category. Wbere costs cannot be directly
athibuted to particular headings they have been alIocated to activities on a basis consistent with the use of
resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to ThTite off eacb asset over its estimated use￿1
Ilfe.
Freehold property
Improvernenls to property from 2010
Straight lirAe over 40 years and Straight line over 10
years
330/0 on cost
20 % on reducing balance
Care home assets
Motor v¢hicles
Tbe freebold propety costs have been analysed into 3 broad categories, being.. (a) the costs asswiated with the
construction of the 2 new wings together with otber ancillary works. (b) the freehold houses and flats which
are separate from the main care home buAldings and are rented out. and (c) the main care home buildings and
site together with earlier i￿proVeMent costs. The freehold flats and house have been reclassified as investment
properties and are not subject to depreciation.
The costs of the new wings 3Te being depreciated over foty years. The carrying vaEue of the main caTe home
site is being depreciated over twenty-five years from 201 I with an estimate of the residual land value being
£2m.
Investment property
tnvestment property is shown al most recent valuation, Any aggregate 5ury)lus or deficit arising from changes in
market value is recognised in the statement of f￿ancial activities.
T2Xatioll
The charity is exernpt frorn coryoration tax on its charitable activities.
Fund accouDtiDg
Unrestricted fimds call be used in accordance with the cbaritable objectives at the discretion of the tn￿tees. The
endowlnent fund Ès also classified as an unrestricted fin]d.
Restricted fimds can only be used for particular restricted PUTposes within the objects of ttLe charity. Restrictions
arise when specifIed by the donoT or when fimds are raised for particular restricted purposes.
Page 14
ontinued...

WOKtNG HOMES
NOTES TO THE FINANCIAL STATEMENTS - continued
for the
ear ended 31 IVIareh 2024
AcCOuNT￿G POLICIES - eontinued
Fuud aceollnting
Furth￿ explanation of the nature and puryos¢ of each fi]nd is in¢lud¢d in the notes to the fllthn¢ial statements.
AIIoc8tion and apportioum¢Dt of Costs
Costs applicable to propety income generatlOD bave been allocated on the basis of pe￿entages, after due
onsideration of the various costs involved aud amounts attributable to rental properties.
Pension costs and other post-retirement benefits
The charitable company operates a defmed contribution pension scheme. Contributions payable to the
charitsble company's pension scheme are charged to the Statement of Financial Activities in the period to which
they relate.
Investments
Investments are included in the fmancial statements at their market value at the balance sheet date. Gains and
losses arising on dlsposals and on revaluation at the balance sheet date are included in the Statement of Financial
Activities. Realised gains and losses are calculated based on the difference b¢twe¢n the proceeds and the
aryying value on the r￿St day of the year under review.
VAT
The charity is nol registered for VA T and all costs are stated inclusive of VAT where applicable.
Government grants
Grants received from the UK government from the Coronavirus Job Retention Scheme (CJRS) are accounted for
using the accruals model. The income has been recogni5ed as grant income in the perii)d to whicb the payroLI
cost relates.
DONATIONS AiYD LEGACIES
2024
2023
Public donations
Legacies
Rail staff & company donations
1,702
365,l19
2,132
183,542
378 446
197 999
At the year end the ¢haritable company has received £129,782 from a legacy and a further estimate of £85,000
was still due to be received of which £65,000 was received as at the dat¢ of the signing of the accounts.
Page 15
continued...

WOKING HOMES
NOTES TO THE FJNANCIAL STATEMENTS- continued
for the
ear ended 31 March 2024
OTHER TRADING ACTIVITIES
2024
2023
Foxes income
26.572
INVESTMENT IJ¥COME
2024
2023
tnvesiment income
Income from flats & other rentals
Bank interest receivable
203,346
234,832
203.089
232.031
969
441921
436 089
YCOME FROM CHAIUTABLE ACTIVITIES
2024
2023
Activity
Charges to residents
Provision of care
Staff acconymodation cbarges Provision of care
2,277,184
1,836,942
2 318692
1874 940
OTHER INCOME
2024
2023
Government grants
803
RAISING FUI¥DS
Other trading activities
2024
2023
Staff costs
Property expenses
1.798
6,931
Page 16
continued...

WOKtNG HOMES
NOTES TO THE FINANCIAL STATEMENTS - continued
for the
ear ended 31 March 2024
RAIStNG FUNDS - conliDued
InVest￿ent managemeDt eosts
2024
2023
Portfolio management
46.938
Aggregate amounts
63,655
84.211
CHARIT ABLE AcfiviTIES COSTS
Direct costs (note 9)
2024
2023
Provision of care
Catering services
Household services
Property & equipment maintenance
Vehicle & driver costs
Support Costs
Other expeThdItt￿e
1,152,970
378,311
352,078
217,232
21,911
360,879
991,644
330,036
306,913
188,320
27,882
329,812
148 039
Page 17
continued...

WOKING HOMES
NOTES TO THE FINANCIAL STATEMENTS - continued
for the
ear ended 31 March 2024
DIRECT COSTS OF cllAR￿ABLE ACTIVITIES
2024
2023
Care
Care staff costs
Agency care staty
937.389 695,892
215 581 295 752
1 152 970 991644
Catering
Contract costs
Sale of food
Miscellaneous
364,037 318.838
(3,878) (2.453)
378311 330036
Household services
Laundry and household staff costs
Laundry expenses
Household and medical expenses
Light and heat
Insurances
Rates and water
137,389 123,186
20,610
20,546
47,412
48,764
99,152
74,551
20,547
17,006
352 078 306
M2iDtenance
Genetal premises maintenance
Maintenance of premises - staff costs
Furniture repair and replacement
150,964 121,539
53,836
48,496
E2,431
217231
Vehicle & driver costs
Driver staff costs
Vehicle expenses
15,977
22,984
21
Support costs
Staff costs
Office expenses
Sunthy expendikne
Advertlsing
Professional and accountancy
266,910 241,838
17,281
17,039
16,079
14,039
12,271
16,830
360 879 32
Other expenditure
Care Quality CoT])mission
TV rental and licences
Staff training
Loss on disposal of f￿ed asset
DepreciatiorA
11,551
1,024
11,033
7.216
150 138 132 571
180962
148 039
7,736
1,299
6,433
Page 18
continued...

wOK￿￿G HOMES
NOTES TO THE FINANCIAL STATEMENTS- continued
for the
ear ended 31 Marcb 2024
io.
SUPPORT COSTS
Included within support costs are the audit fee of £ 11,000 (2023.. £10.000).
ii.
NET tNCOME/{EXPENDITURE)
Net inc0mel(expendits￿c) is stated after charging/{credtting)
2024
2023
Auditors, remuDerdtion
Auditors, remuneration - non audit
Depreciation - owned assets
Gain on disposal of fJ￿td asset
i 1.000
14,000
150,625
10,000
13,750
132,571
12.
TRUSTEES, REMUNEIi4TION AKD BENEFITS
There were no ttustees, remuneratlOD or other benefits for the year ended 31 March 2024 nor for the year ended
31 March 2023.
Tru$tee$' expenses
There were no
31 March 2023.
stees, expenses paid for the year ended 31 Marcb2024 nor for the year ended
13.
STAFF COSTS
2024
2023
Wages and salaries
Social security costs
Other pension costs
1,262.576
95,092
I,019,228
73,356
1413 300
1 139 327
The total remuneratiOT) for key management personnel in the year w&s £126,479 (2023: £116,969)
The average monthly number of employees during the year was as follows:
2024
37
2023
35
Care
Household and laundry
Maintellance
Driver
Support and administration
Foxes
56
54
The number of employees wbose employee benefits (excluding employer pension costs) exceeded £60,000 was:
2024
2023
£60.IKIl - £70,000
Page 19
continued...

WOKING HOMES
NOTES TO THE FtNANCIAL STATEMENTS- continued
for the
ear ended 31 March 2024
14.
TANGIBLE FIXED ASSETS
Improv¢Tn¢nts
to
property
froTn 2010
Freehold
property
Care home
assets
Motor
vehicles
Totals
COST
At l April 2023
Additions
Disposals
3,217,187
4.026,169
199,761
280,895
53,446
7,577,697
199,761
At 31 March 2024
3 217 187
4217912
280 895
7 769 440
DEPRECIATION
At l April 2023
Charge for year
Charge written back
1,110,864
4,253
1,058,190
143,059
802)
280,384
511
41,825
2,316
2,491.263
150,139
802
At 31 Marcb 2024
1 115 117
1200 447
280 895
2 640 600
NET BOOK VALUE
At 31 March 2024
2 102 070
3 017465
5 128 840
At 31 March 2023
2 106323
2 967 979
511
5 086 434
With effect from l April 2011 the freehold properties were reclassified and presented in accordance with the
accountFng policy outlined in note l. From this date depreciation will be applied in accordance with this
accounting policy. The residual value of the freehold propety is estimated to be £2 tnillion.
15.
FIXED ASSET INVESTMENTS
Listed
investments
Investment
cash
Totals
MARKET VALUE
At l April 2023
Additions
Disposals
Revaluations
Net cash movements
7,511,283
2,098,703
(2,057,736)
678,469
195,615
7,706,898
2,098,703
(2,057,736)
678,469
78 779)
78 779)
At 3 1 March 2024
8 230 719
116836
8 347 555
NET BOOK VALUE
At 31 Marcb 2024
8 230 719
l16836
8 347 555
At 31 March 2023
7511283
195 615
7 706 898
Market value
Book cost
Investments in the UK
tnvestments outside the UK
5,205,519
3 025 2(M)
4,774,940
2 438 080
8,230,719
7 213,020
Page 20
continued...

WOKtNG HOMES
NOTES TO THE FINANCIAL STATEMENTS - continued
for the
ear ended 31 March 2024
15.
FIXED ASSET INVESTMENTS - cotttlnll¢d
Cost or valuation at 31 March 2024 is represented by:
Listed
inveslments
Investment
cash
Totals
Valuation in 2022
Valuation in 2023
Valuation in 2024
8,432,017
(920,734)
719436
39,005
156,610
8.471,022
{764,124)
640 657
8 230719
116836
8 347 555
16.
VESTMENT PROPERTY
FAIR VALUE
At l April 2023
Revaluation
4,100,000
At 31 March 2024
4 040 000
NET BOOK VALUE
At 31 Marcb 2024
At 31 March 2023
4 100 000
The trustees arranged for the investment properties to be revalued and the fmancial statements were adjusted to
include the properties at their open market value of £4,040,000 (2023.. £4,100,000).
FaiT value at 31 March 2024 is represented by:
Valuation in 2022
Valuation in 2023
Valuation in 2024
3,880,0(K)
220.000
4 040,000
Page21
ontinued...

WOlaNG HOMES
NOTES TO THE FINANCIAL STATEMENTS - continued
for the
ear ended 31 Maireh 2024
17.
DEBTORS: AMOUNTS FALLING DUE WITIIIN ONE YEAR
2024
2023
Trade debtors
Other debtors
Prepaym¢nts and accrued inc0￿e
77,473
7,744
115628
37,298
5,795
21M).845
18.
CREDITORS: AMOUNTS FALLING DUE WITH￿ ONE YEAR
2024
2023
Trade creditors
Social security and other t￿eS
Other creditors
Accrned expenses
45,418
25,182
14,422
56,154
19,459
13,808
136 179
125 204
19.
LEAStNG AGREEMENTS
Minijnum lease payments under non-can¢ellable operating le&s¢s fall due as follows..
2024
2023
Within one year
Between one and flve years
16,004
17,657
20.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
2024
Endowment
2023
Total
Unrestricted
Restricted
Total
funds
funds
fund
fimds
fimds
Fixed assets
Investments
Current assets
Cu￿ent liabilities
5,128,840
12,363,455
669,450
136 179)
5,128,840
12,387,555
669,450
136 179
5.086,434
11,806,898
347,273
125 204)
24,100
18 025,566
18 049666
[7,115 401
Page 22
continued...

woi£tNG HOMES
NOTES TO THE FINANC￿ STATEIVIENTS - CODtinued
for the
ear ended 31 March 2024
21.
MOVEMENT IN FUNDS
Net
ovement
in funds
At
31.3.24
At 1.4.23
UDrestricted funds
General fund
Designated Fund Southern Goodwtil
17.079,162
934.265
18.013.427
17,091,301
934,265
18,025,566
Endowment funds
EDdowmeut Fund
24,100
24,100
TOTAL FUNDS
17 115401
934 265
18049666
Net movem¢nt in fi￿ds, included in the above are as follows:
tncoming
resources
R¢sources
expended
Gains and Movement
losses
in funds
Unrestricted funds
General fimd
3,159,668
(2,727,998)
502,595
934,265
TOTAL FUNDS
3 159 668
2 727 998)
502 595
934 265
Comparatives for movement ID funds
Net
movement
in fimds
At
31.3.23
At 1.4.22
Unrestricted funds
General ￿nd
Designated Fund Southern Goodwill
17,446,425
(367,263)
17,079,162
17,458,564
(367263)
17,091,301
EndowtneDt funds
Endowinent Fund
24,100
24,100
TOTAL FUI¥DS
17 482 664
367 263
17 115 401
Page 23
ontinued...

WOKING HOMES
NOTES TO THE FINANCIAL STATEMENTS- continued
for the
ear ellded 31 March 2024
21.
MOVEMENT IN FUNDS - eontlnued
Comparative net movement in funds, included in the abov¢ ar¢ as follows:
Incoming
resources
Resources
expended
Gains and Movement
losses
in funds
Unrestri¢ted funds
General fund
2,536,403
(2,406.857)
(496.809)
(367,263)
TOTAL FUNDS
2 536 403
2 406 857
A cutTent year 12 months and prior year 12 months combined position is as follows:
Net
movement
in funds
At
31.3.24
At 1.4.22
UDrestrieted funds
General fund
Designated Fund Southern Goodwill
17,446,425
567,002
18,013,427
17,458,564
567,002
18,025,566
EndoTrvment lund$
EndowmeDt Fund
24,100
24,100
TOTAL FUKDS
17482 664
567 002
18 049666
A CUTTent yeaT 12 months and prior year 12 months Combined net movement in ftmds, included in tbe above are
as follows..
Incoming
resources
Resources
expended
Gains and Movement
losses
in funds
Unrestricted fuDds
General fi￿d
5,696,071
(5.134,855)
5,786
567,002
TOTAL FUNDS
5 696 071
5 134 855)
The trustees have designated the donation from Southern Goodwill for the provision of transport 01 other special
items of expenditure.
The Endowment consists of funds received on the closure of a local old people's home and funds transferred
from the Martha May Atmitage Cbarity. The income is available for use as detern]ined by the t￿Stee8 and is
therefore included within unrestricted funds.
Page 24
continued...

WOKING HOMES
NOTES TO THE FINANCIAL STATEMENTS- continued
for the
ear ended 31 March 2024
22.
RELATED PARTY DISCLOSiTRES
There were no related party transactions for the year ended 31 March 2024.
Page 25

WOKING HOIVIES
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
for the
ear ellded 31 March 2024
2024
2023
INCOME AND ENDOWMENTS
Donatiolls and legacies
l￿bIl¢ donations
Legacies
Rail stsff & company donations
I,702
365,119
11,625
2,132
183,542
378,446
197,999
Other tradillg activities
Foxes income
20,609
26.572
Investment income
Investrnent income
Income from flats & other rentals
Bank interest r¢c¢ivable
203.346
234,832
203,089
232,031
969
441,921
436,089
Cbarilable activitles
Charges to residents
Staff accomrnodation charges
2,277,184
1,836,942
2,318,692
1,874,940
Other ineome
Government grants
803
Total Illcomlng resources
3,159,668
2,536,403
EXPENDITifRE
Otb¢r trading a¢tivitie$
Wages
Social security
Pensions
Propety expenses
1,529
146
123
6,115
461
355
16,717
36,896
luvestment management costs
Portfolio management
46,938
47,315
Cbaritsble activities
Wages
Social security
CaTried forward
1,261,047
94,946
1,355,993
1,013,113
72,895
1,086,008
This page does not forni part of the statutory financial statements
Page 26

WOKJNG HOMES
DETAJLED STATEMENT OF FINANCIAL ACTIVITIES
for the
ear ended 31 March 2024
2024
2023
Charitable activities
Brought forward
Pensions
Rates and water
Insurance
Ligbt and heat
Telepbone
PrintiJ]g. post & stationery
Advertising
Sundries
Agency care staff
Laullthy expenses
1.355.993
55.509
26.968
20,547
99,152
8,222
9,059
12,271
16,079
215,581
20.610
1,086,008
46,388
22.860
17,006
74.551
9.107
7,932
16,830
14,039
295,753
20,545
k 11
Household & medical expenses
Catering contract & other kitchen expenses
Motoring expenses
Property & equipment maintenance
Furniture repairs & renewals
Regulatory costs & licences
stsff trainiJ]g
Professional and accountancy
Freehold propety depreciation
Improvements to property
Plant and machinery
Motor vehicles
Loss on sale of tangible fLxed assets
47,412
378,310
5,933
150,964
12,431
12,576
11,033
37,338
4,246
143,059
511
2,323
48,764
330.036
5,025
121,412
18,285
9,034
6,434
30,066
4,429
123,885
1,354
2,903
2.653,343
2,312,646
Support costs
Governanee costs
Auditors, remuneration
Total resources expended
2 727 998
2 406 857
Net income before gain$ and losses
431,670
129,546
Realised recognised gains and lo$$es
Realised gainsl(losses) on f￿¢d asset
investments
117 370)
190 971
Net income
320 517
This page do¢s not forn] part of the statutory flnancial statements
Page 27