## **WOODLANDS QUAKER HOME** **78[th] ANNUAL REPORT 2023/2024** ## **REVIEW OF THE YEAR** **2023/2024 began with preparations to celebrate the coronation of King Charles III on Saturday 6[th] May 2023. As the day approached it was clear that the weather would not be kind to us on that day and arrangements were made to hold the event indoors. Despite this everyone enjoyed this special day, and a good time was had by all.** **The weather in the spring and summer was quite unsettled so we were unable to fully utilise our grounds. On the occasions when the forecast was good events were quickly arranged to make the most of the sunshine.** **----- Start of picture text -----**
Piano in the Garden 22.6.23
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Afternoon tea Party 11.8.2023
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**We continued to focus on developing activities and entertainment for our residents. On 13th June 2023 residents visited Dudley Town Hall and enjoyed a show entitled ‘Greatest songs from the movies’.** **On 15[th] August 2023 residents enjoyed a day trip to the Black Country Living Museum in Dudley. This was an inclusive trip and took a great deal of organisation, but it was well worth it!** Black Country Living Museum 2yAULTS jfvl i*J ## **WORKFORCE** **Staff training remained a key element of our workforce development strategy. Funding was secured for 11 members of staff to complete the Level 2 Diploma in Care and for 2 members of staff to complete the Level 3 Diploma, all staff members successfully completed their qualifications during the year. On-line learning continued with each staff member allocated an average of twenty-five courses for the year to enhance and develop their role within the organisation.** **Vacancy rates and staff retention improved and towards the end of the financial year an application was made for a sponsorship licence to support the organisations recruitment and retention strategy.** ## **PROPERTY & MAINTENANCE** **A quinquennial inspection survey was carried out during the year for both the home and Paddock housing scheme.** **For the home, the report concluded that the property was in fair condition; however several external areas such as roof coverings and rainwater goods were in need of repair in accordance with the buildings listed status. Some of the work was completed during the year and** **management continue to work with Wolverhampton City Council’s urban design and conservation department to ensure that any work undertaken is appropriate.** **The report for the Paddock housing scheme concluded that the flats were in good condition with no major items of disrepair, however minor issues would need to be addressed within the quinquennium. The flats were all deemed to be ‘decent’ in accordance with the Governments Decent Homes Standard.** **A tree risk management survey was undertaken and the subsequent report balanced the risk of harm from tree failure and the benefits conferred by trees. The Woodlands site is within a conservation area and 233 trees were identified on the site. Any proposed works to the trees requires prior notice to Wolverhampton City Council which can delay planned works. Tree work undertaken during the year addressed trees which had been classed as posing unacceptable risks and further works will be undertaken in 2024/2025 for trees within lower risk thresholds.** **The 5-yearly electrical installation condition reports for the Paddock housing scheme were completed and additional electrical sockets were fitted in flats to reflect the increase in the use of electrical appliances.** **Expenditure on property and maintenance for both the home and the Paddock housing scheme increased to £120,402 from £113,707 (2022/2023).** ## **THANK YOU** **A grant application of £9900 was made to the Baron Davenports charity during the year for a garden room and an additional defibrillator for the site. We were delighted when we heard that this had been successful and we are very thankful for their support.** **The garden room is a well-used space and is used for resident’s activities, visiting relatives and events.** **The defibrillator is situated in the foyer of the common room for the Paddock housing scheme and tenants within the scheme participated in CPR training to support their knowledge for correct use of the device.** ## **RESEARCH PROJECTS** **Woodlands Quaker Home is registered with the ENRICH programme (ENabling Research In Care Homes) run by the National Institute for Care and Health Research. As members of the research ready care home network, we are involved in valuable research which aims to improve the quality of life, treatments, and care for all residents.** ## **AFRI-C (Air Filters to prevent Respiratory Infection including Covid-19 in care homes)** **The care home has participated in the AFRI-C Study run by Bristol University since November 2022. The study aimed to establish whether portable high efficiency particulate air (HEPA) filters can reduce symptoms of respiratory infections in care homes during winter. The project ended for the home in the summer of 2023 and the university expect to be able to share all final results by spring 2025.** ## **FINANCIAL PERFORMANCE** **The organisation generated a surplus following disappointing financial results in 2022/2023. Overall occupancy for the care home improved on the last financial year at 97.5% (2022/2023 96.2%) and occupancy for the Paddock was 98.75 % (2022/2023 100%).** **The effective management of voids within the care home enabled a high occupancy rate for the year and we thank the senior management team for their work in this area.** **Staff turnover for the year was low and expenditure on agency staffing reduced due to improvements in managing staff cover and recruitment and retention of staff.** **Other operating costs reduced, most notably expenditure on gas and electricity as wholesale prices fell considerably following the unprecedented highs experienced in 2022.** **The improvement in the organisations financial performance enabled the transfer of surplus funds in December 2023 to our Charities Official Investment Fund account held with CCLA and repayment of a secured loan in March 2024.** ## **DIGITAL TRANSFORMATION JOURNEY** **A digital system called ‘Docobo’ has been in use within the care home since May 2022. The system is a software solution that enables remote monitoring of residents. The Remote monitoring solution enables the collection and recording of an individual’s vital signs and/or symptoms, making them available to clinicians and other health professionals. Before the system was implemented medical professionals did not have the means to proactively monitor vulnerable residents within the home.** **2024/2025** **In 2024/2025 we plan to digitise other processes within the organisation.** **A grant of £8024 was secured in January 2024 through the NHS Transformation Directorate. The funding administered by the Black Country Integrated Care Board is to support CQC registered care providers to adopt digital care planning and monitoring systems and other care technologies.** **We intend to introduce a digital care planning and monitoring system for the home in 2024/2025 and plans are in place to integrate this system with both the nurse call and digital reception system. We also plan to implement a maintenance and asset management software programme to cover both the home and Paddock housing scheme.** ## **FINANCIAL STATEMENTS** |**STATEMENT OF COMPREHENSIVE INCOME**
**AS AT 31st MARCH 2024**|**STATEMENT OF COMPREHENSIVE INCOME**
**AS AT 31st MARCH 2024**|**STATEMENT OF COMPREHENSIVE INCOME**
**AS AT 31st MARCH 2024**| |---|---|---| |||| |||| |**2024**
**2023**||| |**£**
**£**||| |||| |||| |**TURNOVER**
2,115,019
1,901,999||| |||| |**Operating costs**
(2,066,069)
(1,966,318)||| |||| |||| |**OPERATING SURPLUS/(DEFICIT)**
**48,950**||**(64,319)**| |||| |**Finance income**
12,874
||10,522| |**Interest payable and financing costs**
(9,798)
||(9,226)| |**Changes in fair value of investments**
(11,258)||(33,420)| |||| |**TOTAL COMPREHENSIVE INCOME FOR THE YEAR**|**40,768**
|**(96,443)**| ## **STATEMENT OF FINANCIAL POSITION** ## **AS AT 31[st] MARCH 2024** |**STATEMENT OF FINANCIAL POSITION**
**AS AT 31st MARCH 2024**|**STATEMENT OF FINANCIAL POSITION**
**AS AT 31st MARCH 2024**|**STATEMENT OF FINANCIAL POSITION**
**AS AT 31st MARCH 2024**|**STATEMENT OF FINANCIAL POSITION**
**AS AT 31st MARCH 2024**|**STATEMENT OF FINANCIAL POSITION**
**AS AT 31st MARCH 2024**| |---|---|---|---|---| |||||| ||**2024**
**2023**|||| ||£
£|||| |**FIXED ASSETS**||||| |**Housing properties – cost less depreciation**|1,155,171
1,201,862|||| |**Other property, plant & equipment**|72,570||71,518|| |**Investment property**|175,000||179,500|| |**Investments**|316,392||297,948|| |||||| ||**1,719,133**||**1,750,828**|| |**CURRENT ASSETS**||||| |**Inventories**|10,257||10,833|| |**Debtors**|95,934||102,491|| |**Cash and cash equivalents**|94,329||78,624|| ||**200,520**||**191,948**|| |**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE**
**YEAR**|(119,961)
||(111,906)|| |**NET CURRENT ASSETS**||**80,559**||**80,042**| |||||| |**TOTAL ASSETS LESS CURRENT LIABILITIES**|**1,799,692**||**1,830,870**|| |||||| |**CREDITORS: AMOUNTS FALLING DUE AFTER MORE**
**THAN ONE YEAR**|(354,046)||(425,993)|| ||**1,445,646**||**1,404,877**|| |**RESERVES**||||| |**Restricted reserves**|581,918||705,921|| |**Revenue reserves**|863,728||698,956|| ||**1,445,646**||**1,404,877**|| |||||| ## **TRUSTEE DIRECTORS** **Julia Furminger Dr Richard Taylor Peter Collard Nicholas Paton-Philip Rev Marilyn Coulter Kelvin Beer-Jones** **SENIOR MANAGEMENT TEAM** **Beverley Price - Registered Manager Debra Evans – Deputy Manager Andrea Mason – Finance Manager & Company Secretary** ## **REGISTERED OFFICE** **434 Penn Road Wolverhampton West Midlands WV4 4DH** **AUDITOR** **Beever and Struthers 20 Colmore Circus Queensway Birmingham B4 6AT** **Woodlands Quaker Home Reg. Charity No: 1141622 Reg. Company No: 7577779 Registered Provider of Social Housing: H1395** Registered number: 07577779 WOODLANDS QUAKER HOIVIE Financial statemeMt5 Year ended 31 March 2024 WOODLANDS QUAKER HOME INDEX Inf0rD￿tion Trustee Dire¢¢ffvrs Report Strategit Report Indepe￿deTht Auditor's Reporl Stgt¢ment of Cornprehensive 12 StAtement of Fiu4ncial PosTrtion 13 StatemeDt ofch#nge5 in Reserves 14 Statement of Clsh Flow5 Is Notes to the Flttancial Statements 16 WOODLAliDS QUAKER HOME INFORMATION TRUSTEE DIRECTORS Julia fuTmin8er (Chairl Richard Taylor (C0nveT￿r of FInar￿ & Operniions ) Peter Collard Nicholas Paton-Philip Marilyn Coulter Kelvin Beer-JotJes RECISTERED OFFICE 434 Penn Ro&d Wolverhampton l'est Midl&nds WV4 4DH AUDITOR Beev¢r and Struther5 20 Colmore CiTe Queensivay irniingham B4 6AT BANKERS Lloyd5 Bank PIC POBo.xlO 37 ￿¢¢￿ SqLkYe Wolverhamplon WVI IYH REGISTERED Nu￿lBER 07577779 CHARITY CO￿lmISsION Nu￿lBER 1141622 IVOODLANDS QUAKER HOME TRUSTEE DJRECTORS REPORT CONSTITUTION Woodlaiids Qllaker Flome is tegisteted under the Companits Ad 2006. Te8i*eied numbet 7577779 artd is a registered chariry, regisiered charit). number 1141622. FUTURE DEVELOPMENTS The Board of TTU5tees continue to focus on sccuring the fkniure for WOodla￿ts Qllak'er Hotne and il) the corning year e will-_ O introthice di8itsl syswns ¢0 imrKov¢ the iyay care swrt is delive￿￿ O Coniinur to iM)rk collaiK>ratiirly iiiih similarorganisation5 5haTing tdeas aT¥J i￿7)rkIng PT8clices O Focus ort maintaining arKI deitlopiTrg our iWTkforce Ibro￿h training. ¢kvelop￿￿￿t and remune]21ion TRusfEE DIRECTOILS The follo11￿ll8 Tnernb¢r5 held otTLC¢ from 1° Awil 2023 kn Ihe date ofihis rew>rL unle55 oiheriiq5e 51ated. Julia FurmEnger (Chairl Richard Taylor (Convenorof FinatKe & Oper&ions) Petcr Collard Nichola5 Palon-Philip Marilyn Coulter Keli'in Beer-Joncs The Woodlands Nominations Sub Committee ttomina¢&% Twsiee t)ittLiOTS foT appoiniment b). the Ceniral >iiglaiid Quaker Aiea Meeting. Each ￿p￿In1￿Cnl 15 for a ihree )'ear Irienniuni. At ihc end of iheir first tii¢iinium Tn151e¢ Directors may be re-TKbminaied and re-aptmiinled for a furthcr threc )ears. I'hey sliould nol 5eTve niore than nine conseciLLiVe years. but excepiionally ihis ￿￿). be approved by Cenirdl England Quakers (CEQI. Folloiving a yews break. ¢hey ma). be rtomin*ed 8nd ap￿inted again. All Trus*e Dire¢iots gikt of th•r tinie freely and rcceived no b¢nefit5 of remuneration frorn the Wwdland TRUSTEE DIRECTORS RESPONSIBILITIES Charity Legislation requires the Trustee Direc10￿ ￿ prep*e financial sts*ments for eadj financial )'e4r ivhich give a tru¢ Jnd fair vieiv of the 5tste of thc WTh)dlAnds a5 at ihe end of the financial i.ear and ofthe IT￿0￿¢ and expenditure of ihe Woodlands for thc )'car cnded on the date. In prewin8 those financial 5taternenls. suitable accounting policics I￿ve been used. lo the of the Tru51ce Dirc£iots knoi%ledge and bclicf, by reference lo reasonable and pnjdent J￿dgements 2nd ￿lMat£S and applied consis¢entl!'. Appli¢abl¢ a¢¢ouniil￿ siandards hai'e bc¢n folloiird The 'l'w51¢e Dirrc¢or5 ar¢ aly) rrquiTed to iDdirale ithere the fiTraTrCi?15taten￿Trts ar¢ prrpared other ihan on the basis that the WoodlanLL% is a going conL%rn. I'he -fruste¢ Direclor5 we responsible for ensuring thai a￿angerneDts are made for keeping prO￿r book5 of accounl iviih respect to the W(K>dlands' Iran5actions: and asseLS and liabilities. and for maintainin8 a satisfactory s)steni of Control oTrei Iht w￿dId￿d5' EKK)ks of account and LrdTh53Ction5. ThE TTuslee DiTeclor5 are also r04p￿sible for ensiiTing Ihai artangetnents are madc to safcguard thc a55et5 of Ihe Woodlands and hence lor (aking re350nable slep5 for the preveniion and delecLion of frawj and oiher irregularities. COi¥IPLIANCE IVITH THE REGULATOR'S COI'ERNANCE AND FINANCtAL VIABILITY STANDARD I"h¢ I'TU5t¢e Dir￿10T5 wnfirm ihat the A550ciaiion complies ihe Requiremen15 of the r¢i'ised Goi'ernance and l.'inallcial Viabilih Stsndard applicable for the)'ear. WOODLANDS QUAKER Ho￿lE TRUSTEE DIREcfoRS REPORT DISCLOSURE OF INFORfvIATION TO THE AUDITORICONTINUED> Each of ihc Directors 2t Ihe date of apw)%'al of ihis rep¥)rt ha¥r confirmed thai.. As far as the Dire¢iots ore *¥are. there is no relevanl audit inforn)aiion of ithieh ihe Association's auditor is Ut￿l¥are. and The DiTe¢tors hai'e taken all the steps that thq. oughl to have tak￿ as Diiectors in order to make themselves aware of ￿)Y relevant audit inforn)ation aJMI to esthlish thai Ihe Asso¢iaiion's audiior is awar¢ of ihat infomiation. Approl'td by ihe Tru$t¢¢ Dir¢cttyr$ on 261h Septernljer 21124 and signed it5 bEh&lf by= PeL U C4fvJ Peter Collard- Truslee Dirtetor WOODLANDS QUAKER HOME STt14TEGJC REPORT PRINCIPAL AcfiviTIES The principal acliN'iLi¢s of the W(K>dland5 are the proi'ision of occotnmlthiiort and ¢*re for older p¢x)ple thTough sheltered hou5in8 and rtsidential care facililits. PURPOSES AND AIMS We have referted to the guidartt in the Charity Commi5sion5 8¢nerdl guidance on publi¢ Ixn¢fii when T¢viewin8 our aims and obje¢tiv&% and in planning firture activities. The Woodlands guided iky Q￿ker etlLOS aJMI Valu￿ provid¢s 24-h(MJr T¢sidtyiial car¢ for 45 residents and supported aLY0mMod￿lOn in the forrn of 25 flats. PrimaTily for the over 605. digibilits. for Ihe Woodlands is on a needs 0$￿$ed basis. The w￿dIand$ has a positive re8ard for diversity and equal OP[￿)rtUnitieS and ensures ihat any request for its 5ervice5 are treated equally. Where financial assistance is rtteded, the 111(M)d]3t￿ iiryll ￿01'ide sthpwrL guidanc£ atKI information on appropriate grants and benefits available. The Woodlands ofKTates a supwrt fllNI, Ivhich can proiide finsncial assistance Lo residents, or tK)tenlial re5ident5 are in ned io col'er Ihe shortf311 khv¢eJh WO￿lIand$ fees and lo¢al auihoriiy supwrl These measures help to e￿SUre th￿ people ort noi unduly excluded frorn the WoDdlatK15 due to insutricient means. Our primary aim 8t the Wix>diatxls is ￿ provide qu8]iiy a¢COmtn(thtion I￿7th high quajity. leve15 of care and SUPFOrt. Performan¢¢ Trustees Report We are pleased io rewrt thai the organTrsa¢ion generated a 5urplu5 folloming disappointbng financial results IR 202212023. Oi'erall occupanq fDr the care home improNed on Ihe last ttl￿ncial Jear at 97.5Q/o1202212023 96.2%}, although il is noiv 9ppareni Ihai s¢ays in carc home are beconiing stx>riLY, iihich does crealc somt ch211cn8eS. The last qiorter of the year i5 aliwai's knrd iiiih iiinter illnesses taking their toll on our n￿1 wjlnerable residenis. Sadl) lie losi ien resident5 during this period. and thank our scnioi tcaJn for cffe¢ti%'e fftanagctnent of the i'oid5 during this di￿lcUlt tinie. We appreeialc iht impaci thd( Ihis has on our siaff. aT￿ comtnend them for their dedication, resilienc4 and ￿mpaSsIon. There ivere three ￿nanCI. ch3Dg¢5 I%￿thIn the )'eaT for LIK Padthck Supported Housing scheme. TNI'O t¢nants sadl} p2ss¢d awa}. and one tenant nK)Ycd to be closer to family. The i%ailing list for t￿ s¢hem¢ had incrra5ed during the year iNthich meant that the Aats i%rre quicklj Id folloiiing ittiemal decoration and rninor iemedial iiorks. OperAting Costs The electricilv Contra￿ for the home ii"&s due for ￿ntI￿al on 1° June 2023- the goi'ernnxnts Ener8y Bill RelÉef Scheme ended on 31" March ?023 and 1175 rcplaced I￿1h Ihe Energs Bill Discouni Schen￿ iihich aimed to siippori EThergy and Trade Inlen5ii'e Induslrie5. There therefore sorne exposure io ihe higher pri¢¢s Ulilil ih¢ eonlract reThei%rd. W'hilst 8%LS and eleariciL}' prices fell Si￿lf1rd￿lI}. folloii'ing unpreceden*d highs in 2022, markets rem8in volatile, and it is ]Th]i¢ied thai priLYs iiill rtot fall to pre"prKitmic I￿.C1S for some s'ears. Spendin8 on fgod for Ihe Jear accounied for a signifitrdnt percentsge of operating c05t& hoi4Th'er the rale at il'hich food )xices increased sloiitd throughoui ihe }'eaT iiiih food price inflaiion fallin8 ÉO 40/0 in %lar¢li 2024 fn)m 19.2010 in March 2023. Expcnditurt marwnall). oi.er budget and ive Ihank oure2ttting staff for e￿it]ent managemeni of the nienu5 Iihith lielped io conlrol eosts ibilhin this ared. The carc hornc combined in5uranee co%Er inereased b}. 18% a5 P￿nIuM5 ￿[naIll high for the care seclor folloiving the paiidetnic. hoiitver some iThsU[E￿ hai'e rt-eniertd care mgJkct ithich has made il easier lo obtain price Coniparisons for our organi5atiorL Ivorkforce Va¢ano rate5 and staff retenTiOn improi'ed 8nd lol￿dS ihe end ofihe finaneial }ear att appli¢aiion iios made for 8 sponsorship licence to supw>rt the or8anisaiions rWrul￿nenl 3EKI re¢¢nlion Strategy. IVOODLANDS QUAKER HOME STRATEGIC REPORT The improvement irt vacancy raies helped to signifieantl). reduce our use of agcncj staff to eover statrshortages. The senior l¢am 8lso stipulated a FK)licy of using ag¢no staff 35 a 'la5t r£sort' 501ution Mhen coNering shonfalls. Ii is imFX)rtant thal conlinue Ihis approach having relianl on a8erKy Ly)ver during the pand￿￿1¢ %vhen Ihese costs i￿tre supp)rt¢d by Cowd.19 8rants. Whi15l the of agerKy personnel redrf we coniinued to ￿1)rk with the trdining division of ￿ agency offerins the home as a place[r￿nt centre for their siaff n•Y to care. Thrir staff complete essential ITatiiing and ihen hal'e the option to undertak-e up to 50 hours of voluntsry iIDTk slk*loii'ing exF*riffl¢ed staff i¥ithin our care home. Nai only do¢s Ihis give them ¢h¢ ¢xpeTi¢nce and skills to progress a career in hvdlih gnd social care but it alxb prol'ides an opportunity for Woodlat¥Js nianagenKnt io &ssess these stair. as once the sha(k)w shilLs are complere there is ih¢n an option to employ ihem direci]I' for a sj8nifKanil)' red￿ed age*ey tsansfer ftt. Jn Awil 2023. our minimum pa), level inCre&s￿l lo £IO.IA) hour %il*ich equalled the 'Real Living W8ge' hourly rate set by the Livin8 iva8e Foundation ai ihat time. We feel our Temunuation Strate&b' has ix)0sted stsff reieniion and the eonsensus fiotn 5tatY exit inter%'ie¥is ronducied during the je4r ihat Ihe pay lev¢1 iNa5 good and comparable iiitb similar w)sts thiihin the healih ar￿ yKial care 5eaor. Staff training reThained a ko element of our i%￿rkrOrce development straLeg>. Eleien members of staff complet leTrel 2 Diplorna in Adult Care. and hi'o members of ¢omplet¢d 0 Level 3 Diploma. Toivards ihe eNJ of the rinancial year six members of stafybegan iiaining ￿ ¢omplde a Leltl 3 Diplonm. On-line leaming ¢onii¢Jued wilh stsfy all￿al•j an average of tt%tnty'.fi￿C courses for the year coverin8 a ran8e of topics frotn Duty of Candour, Dats Prot¢cboD ¥nd GDPK through Lo health protection Iopics such as 8epsis and Diabetes Aiiarentss. The on-line Icarnin8 S)stem ha5 helped to enhance the di8itsl skills of stafy ITh readiness for the planned roll oul of & digital planning and nMTrnitoiing SY￿ern. Propertyy f*iainlenante, Hulth & S*fely A Quitwuennial iPSWiion surve). il'as ¢arti¢d oui during the year for ￿th the Jh)rne and Paddock l￿U$lng s¢liein¢. For thc home, the rew>rt corKluded that the propert}. 11?5 Irt fair condiiion. IM)iieker sei'eral exlenial area5 such as rwf coverings and rainivater giK)ds iveie in need of repair in &¢¢ordanc¢ i4iih ihe buildings lis¢eil status. Some of this vork completed diiriiig th¢ jcar artd mana8effleDI (yM)¢iDu¢ lo ¥ivrk iTrith WolTrerhamplon Cit) Co1￿)¢¢1.S llrban design and cons¢rvatKbn departhies]t io ensurc tIMt any iwrk undertaken isappropriaie. The report for the Padd(￿k housin8 scheme detemiined ihal the nats i%eTe in gwd ¢ondilion i￿lih no major items of disrepair, hoii"ci'er soine mi[￿r i￿eS i%ould need aiJdrE55ing i￿lIhI￿ the quinquennium. Tbe flat5 ilere all deetned tij b¢'de¢ent' in line %bilh the G0Vem￿n￿ tkeeni Florn￿ Standard. A'free risk mana8emeni survey undertaken. am4 Ihe subsequeni reFrt)rt balanced ihe risk ofharm from Iree failiiir at)d the bthiefits conferrtd b). treek-fhe M'uDd]ands sile is 8 con5trvation area and 233 ITEes were i£kntified on Ihe siie. Any propx)sed iiDrks10 the trees require5 prior mlice to Wolirrhampton City Council I￿]1¢h can delay planned li.0￿s. Tree iiork undertaken during ihe )ear addressed trees %￿hleh h&1 ￿en classed as EX>5jng unaccepiable risks and furiher ii.orks i%nll be undertaken in 20?4120?5 for tstes }￿lIhin loiltr risk thresholds. Parts of the main drii'eiia). iitre resurfaced in Allgust and in the same all drains And ¢h&nnel drnifts were prof¢ssiortall)' Cleaned and jei iiashed as part of our pr￿¢￿tative maintenance programme. Th¢ 5-Jearl}' El¢rtrical installalion condilion ￿1￿)rtS for thc Padthk housing stheme i¥ere wD)plet¢d aDd additional eleciTical sockets ivere litted in flats io renect ihc incrrdSC in the use of electrical appliaThces. EX￿ndit￿re on properties and maimengnce foi iK)th the horrt shelt¢rcd I￿U5]ng 5chcrne irKr¢a5cd to £120,402 from £113.7071202212023}. W(K)DLAliDS QUAKER HOME STRATEGIC REPORT Ftsed Assets In August, a 10-year-old Miele dryer replaced in the hoync folloi%ing a ￿mprehenSive procuremenl excrcise and 3 hoist ivas ￿plaCed in the Spitllje). demeThtia uiiil in the same nxbnth. Resident5 nowcomtng into the care home ai a ￿age ullere iheir dernenlia is more advanced. and Ihis coupled ith litnited mobility has M￿nI that ￿ed for 5pe£ia]ised mattresses athl nlltsing beds h¥ increased. During the y¢aT three additional profiling nursing beds iitre purch&sed. and th¢ majorit> of mortLS have ihese b￿5 in 51tu. Inyeslments & Borr￿wI￿g Our diverse iniestment wrtfolio Incl￿¢5 ￿{￿kS held ii'ith Greshatn HDu5e Energy Storage and il iv35 8Dnounced al the Ixgitlning ol F¢bruar)' (hat Iliey %*(MJld cancel iheir Quarter 4 dividend Pa>Tnents for 202312024 attributlD8 this to grid Connection delaJ5 and und¢T.ulilisatI￿ of balleries. This culniinated ill a sharp fall in ihe sh&re priec iyhtch impacted ihe r¢%.aluati￿ of ryJr Fortfolio ai the endofthe financial year. Performance for our st(*ks held iyith OcLopus Reneivable5 Infrastructure Tmt iva5 a150 disappointin& ken￿Vable entr￿. stocks ivere perctived as ethical und repr¢sented Safe. 10Th8-le￿ groiiqh ivith 5hates offering an attrnctive diiidend yield. Despite groi¥ing calls for a global shift io rethei*able eneTgy. the sector l'astly undcrperformed. As inter¢5¢ ral¢s increa5e4 invest(X$ 5M'ii¢hed fr(wn r¢neiNabl¢s (o fixed intetesl tonds and Governmeni Gilts. tkspiie this Foor performance the future foT T￿ti￿able$ and ener￿. transition remain5 Dptirnistic. There ivere some wsitives &s ihe majority ol invcslmeni thjsts held w)vide expD5ufE to OVEf5¢as markets ithich continue to offer SIr￿g IDng-lemi capital and in¢oft)e growih. Durin8 ihe were also able to iransfer Surplus fLind&" to our Charities offici￿ Invcstrnen¢ Fund AcC￿nI held iviih CCLA, 8 Sustainable investsneni solution ivhieh incorporates enviwnmeni81. ￿Cial and 8oTrerrJanc¢ ¢onsidtraii(m5 into its ini'eslnienl 51ralegy. The Bank ofEn8land Base Me tose to 5.25% in August aiid a dttision iw m&le to make a lump SUTn reduciion 10 a loan held ii'ith TTi¢x105 Ilank ill December. The loan for £60.000 had beal taken out in 2011 for a lerm of25 )'cars I￿lth ali Ènteie5t rate of 2.5Yo oi'er base rnie i¥ith a minimum interest rate of3.50/•. Toiiwds the end of the financial )'ear, iwrre able to repay the loan in full and i¥c are I'efj. thankful io Tri0￿$ Llank for theiT SUPPOrt as the loan i¥a5 part of a packag¢ of funding to conslruct a MUCh-need￿ exiffision io the care home 10 ae¢ommodale an addilional five bEdrooTll5. Grants aiid Donatio￿S We i*ere fortunate to seture a grani of £99tM) from Ihe Baron Dai'¢n]M)rls chariti. for R garden Toom and an additional defibrillator for the site. The garden room is an additional spxe for i".isiiin8 relatii'es and 8Ctii?ties and lh¢ defi￿￿[l￿Or is a addition as the), hai'e been proven to increase survi181 raks for indil'iduals in t2rdia¢ 8rrtti. Toiiards Ihe of the )'&ir a gratht of £8024 i*as agrecd ihrough the N'HS TnnSfOm￿I1on Dtre¢toratc. The funding. adminisiered b>. lh¢ Black CountTr' Integraied Care Board is to sllp￿rt CQC tegisiered care PTOi'iders to adopt digital tate planning and rrK)nitoring systetns and other care techtK)logies. A total of 80Dh of the granl iwas diiriiig the )"ear atmj the rcmaining 20Yo ivill ￿ released up)n 51thmi5sion and approi'al ora benefiis analysis r¢pon. Future Plan5 In 2024r2025 Iiill focus on tk Implemen￿170￿ of digitised 5y&erll5. We atr [￿king io noi oThl}' iniroduce diBiial care planning and moniloring softl13￿ for the IM)ffl¢ 8150 a linked mainienan¢e and asset managcmenl 5)'5tem for bolh the home and Paddock wpwjrled housing schen￿. We anlicipate thatOUT r¢5ident& relalii'ts, lenanls and staff i%ill ￿nefIt 5ignificantli' through the adoNion of these si'siems iihieh ilill alloii. n￿re time for hands on cart and improi'e iiifonnation tnana8emeni. Pl8ns aTf also in place lo replace OUT existing telephone systeni i¥ith a hosied Voice oi'er InlerrtLI ProtOLY)I s)'stem in readiness lor Ihc phase out of analogue phone lin¢s. 202312024 has been a Wsiiive }ear. confidence in the seelor has grDiity folloii'irtg the un¢ertaint)' caused by the Ctsi'id-lg pandemic. The teputation of ihe organiyiion i¥iihin thc locality. 15 £icellenl and enquiiics are receii'ed on a iegular basi5. W't Ihank oiir starr lor all Iheir hard and look forivard lo further slic￿Sses in ihe ¢omiiig )'eai. IVOODLANDS QUAKER H0fv1E STRATEGIC REPORT Valu¢ For Money Woodlands Quak¢r Horne is commiited io geiiing the best value for ny)iie)' in buying good5 and serviccs and also in hoiv ive 9¢tually do our iiork so ihai lit can delii.er the right WVlC¢ 10 OUT residents and t¢nanls in the most cost ¢nective and efficient i%av. Woodlands Quaker Home iiill consult ￿￿th the u5eT5 of ils servic¢5 to e￿Ure that their interests are taken into ¢ffisideration ithen achieving Ihis obje¢iive. The St￿10T Management Teatn al￿ Trustee Direaors ¢nwte that there is:. Regular scrlltiny of cost Performance againsi budgd snd compari￿￿ of operdting costs iviih similar or8anisaiions. > A robust procuremerttprottdure. > Rcgular r¢viw' of asset5 and 8￿cl pufornian(*. Resular reviei%s of ihe OT8anisalions staifjng esthblithrnent to tn51Jre the ￿rucIUr¢ is as etrJEifflt a5 P055ible. Regu12r SMT ¥neeling5 iTrthich focus on q￿111!. arKI IK51 value in proLl￿ement of our g(x)dsand service5. > The usc of professional ad*"iseTS to supFK)rt p￿cureMenL > A clear process for managing and Monitoring contr&tL)rn. > Periodic rei'ieI%5 of areas ofseTh'ice. The Regulator of Social Housing requires ￿gistered proi'iders to rewrt annuall J on their perforrnance against a set ofs¢ven key measures detined b). regulator. The regulator has selected Ihe I'aluc for rnone}' metrics thai iiK)rk r the majortty of pro￿.[derS but Yppreciales that for cenain pmYidET5 the data may rKed clarificalion. The Wood180ds Quaker Home is ix)ih a provider of social Imbusing and a care home therefore the resulLS iYiII Th)t be Comparable ivith thai of J typiral xKial houSlllg pn)i'ider. The table beloii. details the or8anisaiion's value for mone). rnari(s for 2024 alortgside Ihe performanlr in 2023. 2024 2023 ReinVtstnie￿l Yo (W/0 lJ3/g Nleiv supply delii'ered Y 1.43Y. 34.1 I*A 39.79Yo r.FIITDA MRI Vo 889.47Vo -769.OIYo Hesdline so¢lal hou5111 cost er uDIt Care Hotne Sklttred 14ousing £6246 Sheliered Ho￿1￿8 £5,908 ca￿ Home £41,168 £39501 erati r+la Sotial Housing Leiiings Oierall 0.720h 4.860A 1.88Y• Retum on Capitsl emplD)ed -5.27Y INVESTMENT POLICY The Triisiee5 haye the poiv¢r ¢0 Inv￿ rK)t immediatcl). required for operaiional purposes in suth ini'cslmuirs as ihey ihink fil. Inve51trEnls held b) the Wi)odlarK1s haie iKen XqiJiTed in accordance ii'ilh these ￿11'¢T$. Thert are no re&ri¢iiong on the charit) s wi%tr 10 ITi￿Est, hJi%e%"er &s a (Jiaker otganis&iion Trustee5 i%ill ensure Ihal invtstmenls in annan￿nts. alwk)l and tobatto are aiY>ided along i%ith inirÉstmenl5 Ihal are in conflia iliih its charitable objeelives. Tlie charily's ini'esimenis are managed to oplimise rewm and Tn￿e¢S adopl 8 loi%cr to mediuni risk w)licy in respect of asset allocation. WOODLANDS QUAKER HOME STRATEGIC REPORT Reserv¢$ Polity The Frt)licy for unrestrieied r¢sefYes is revithird fdch )ear ￿. the Finwnce & Operations Comrnittee. The). ensure that ihe target ihey set iwill be wable or- > Providin8 5uffJ¢ieni ivorking capiial for budgeted operdtional a)mmstments > Fundin8 resw>nsive acLion in the eveni0(8 SI￿7r7rant financial (k>w)4urn Replacing ivorkithg assets as ilw i%ear out In settin8 ihe iargei. the Twstee DlrwtO￿ take account of ani. risks th8t might impact on the level of reserves required. They. include- > Time needed ¢0 implem¢ni Otw&ional re5wnse to an). signifirdn( fedLKtions in income > Depe[￿ette on and reliability of I))diwd￿] incom¢ streams > Robustness of ihe inlernal retKHting and response meth(Ml The alTrent policy is for Unre￿ne[ed funth held b). W(M)dlands w be 3 mont]LS of re￿￿￿eS eX￿nded ivhich currenil), equaits to atound £550,(KKJ. Ai ihis level Trustee Directors feel Ihat thei. iiDuld be able to conlinue the curreni a¢iii'ilT¢S of the W(￿￿18ndS the ￿"en1 of a si8nificani drop in i1)C￿ne IdisTupiion to its activities. It %Duld obviou51v be necessary to consider holi the funding i¥Duld be replae&l or atljwllies changed. GOINC CONCERN The TTU51ee5 consider that the Wwdlands is iirll placed ￿ manage business risks successfull).. After making ell9uifics. Ihe Trustees haiE a reasonable expe¢iaiion iha¢ the Il'(x)dlarK15 ha5 adcquatc reSEiurccs to ¢ontinut i 0￿rational txistcncc for ihe foresevdble fuivrt. Accordingl}". the), conlinue 10 adopt Ihe going cot)¢em basis in preparing Ihe financial ststement5. FJNANCIAL RISK ￿lA￿lACEMENT The Woodlands a¢iiN'iiies exFx)se il to a number of w)tentiaJ finaKial ri5k5 including Credit Ti5k. ca5hflow risk atxl liquidity risk. Hoiirver, the W(KKtlands does have an!. si8nificant exiemal Ert)rroivin8s or e.xwsure to Si8nifJcanL rent arrvdrs so these risks aTe tniligate(L The W(￿1and3 wincipal financi31 a55ets are housin8 pro￿rtIeS, bank balances and trash, reni aTrears, other receivablc5 and ini.t￿mentS. Approved by the Trustee Dlreelors OD 26¢h Sep(ember 21124 9nd slgntd oll Rt$ b¢h#lf by: Pei¢r Collaid Trustee Director INDEPENDENT AUDITOR'S REPORT TO THE MEMBERSOF WOODLAYI DS QLAKER HOhlE Opinio We have audiiol the financtal sraiemen15 of M'IM)dlands Quaker Hom¢ {Ihe 'ch4rity"I for the year ended 31 March 2024 wliieh cotnprisc the St2ieNNI of Comwehensiit Inoimc. Ihe StalenrntoFFinancial Position, the Statemen( or Changes in ReseTh'e& ihe Staternenl of Cash F101%5 and noies io Ihe Fir￿ClaI St￿ementS, iD¢ludiDg a summary of Sl8nifi¢anl accountin8 policie5. The financial retx)nin8 (rdmth%ork that has been 4)plied in their preparation 15 appli¢able l#iv and United Kingdom A¢¢ounting Siandatds, including FRS 102 "1 lie Financial Reprting Sthndard applicable iij the UK and Republic of Ireland" IbniL¢d Kingkn Generall)'Acrepkd Acco￿lIng Practice). Ill our opinion, the financial S￿leMen￿- give a Irue and fair vieNs' of the stateof the ch3rilV'S affai￿ as ai 31 March 2024 and of its results for the year ih ended; hai'e teen properly prepared in accordanc¢ iiith United Kingdom Generally Accepled Accounling Praeti¢e'. > have been prepared in accordan¢e iiith ihe requirEmen15 of the Companies Act 2006, Ihe Housing and Regenetation Act 21)08 and Ihc Accounting Direction for Privatr Regi5t¢red Pmvi(kns of Social FIou5i118 2022. B4Si5 for opinion We condll¢¢ed our au(tii in accordaTLce with Irtternational Sthndard5 on Auditin8 IUKI (ISAS {UK)l and applicable lai¥. Our T¢5ponsibiliiies under those standaTd5 are further desctibed in the ALNliior'5 r￿pOnsibIlitieS for ihe audit of Ihe finaiicial slaL¢ment$ 5¢ciion of our retM)rt. We are indepthdent of the ¢harily in accordance with ihe ethical requirerneiits ihai are relevani io our audit of the financial 5tatem¢nts in the UK. incltjdirtg (he FRC'S Ethical Standard and ivc haNe fulfilled our other eihical resw)nsibilities in accordance iviih ihesc rwuiremenlk We believe that ¢he audit evidenc¢ ive hai'e obLqined 15 sufficieni and appropriate io pro￿[de a tV5l5 for our opinion. Conclusions relgling to going tone¢ In auditing the fjnancial Siaietnenl& i¥e have C￿ClUded that Ihe B(k¥d'5 use of ihe 80ing wncern FAsis of acLx)uniing in ihe prtparaiiotj ofihe financial staiemenls js aR)rwKia¢e. Ilosed on lh¢ ivork iir have perfomirf ile hai'e nol identified anj. maierial ￿certainl]eS relating lo cvcnls or cimditions Ihai. individuall}. or colledii'el%'. may cast Signifieant (k>uirt on the eompnv's abilil), io conlinue as a going c(xJcern for a period of at l¢ast iw¢lve monih5 fnyn ivhen the flnancial 5Lqiement5 aTe authorised for issue. Oiir responsibiliiies and the reswxJ5ibiliti¢s of B¢)ord ivith re5tKd to going Concern are described in the relel'ani 5ecLions ofthi5 report. Other illforniAtlon I"he Board is rlS￿nSIble for tk other inforniaiion."l-he oiher inlombaiion comprises ihc iiifgTmalioii included in ihe annual report: other than the fina￿la1 statetnen15 and our audilor's rqMMI thereon. Our opinion on the financial siatcments does not coY£r othet information and. e.xc4A lo Ilie emeni otheniyse expliciilN SLiied in oiir reFOrt, do ￿)1 express an)" form of assuranre conclu5ton iherwll. In conneciion i¥iih our audi( of th¢ finattial siaiemthts, our rt%JxJnsibilit) is lo read Ilie oiher inf0rn7ation and, in doin8 50, Consider ivheiheT the other it)fomkaiion is rnateriall). incon51xerit ivith the financial Stalem￿lIS OT DUT knoivledgc obtained in the audit or oih¢iiii5e appears io be Ina(LYially Mi￿121¢d. If identify such maicrial inron51Stencies or appareTrl niatetial Eni5Malemcnts. Iir are required to deiem)ine iihahei there is a malerial IlllS5taienient in the financial ￿all￿ne￿I5 or a maierial tlli551alemenl of ￿￿cr infonnation. Ir, based on the iiDrk ive haie peTfomied. Ive con¢lu(k that iherc is a maieTial mis51aiemcnt ofihis oiher infom)aiion. are required 10 teporl ¢hai fact. We have noihing io reFK)rt in this regard. Opinlons on other matters yres¢rib￿l by the C•mpanle5 Arl 21K16 In our opinion: bL%ed on the ii'ork unthrtaken in Ihe course of the audit.. > thL infomaiion giv¢ll in Ihc Straiegi¢ Rewbrt and ihe I'ru5tee Direaors Rew)rf for the financial )"e3r for iiknich the finanEial slateTnenls are prerorcd is con5isiem i¥ith ihe 1]n￿cial sw¢[Tre￿ts. and l￿DEPENDFNT AUDITOR'S REPORT TO THE hlEhlBfr.RSOF II'OODLANDS QUAKER HOIIE > ihe Siralegic R¢p)rt and the I'ru51ee Directors Re￿￿ hai'e been prepa1(￿ in #¢cordance iiiih applicable legal r¢quiremcnts. r+lalters on whi¢h we are required to re￿rt b). ex¢eplioll In li¥ht of the knoi%lcdg¥ and undersianding ofihe iharii)" and its eni'in)ttmenlobiained in ihe coursc of the audii, i¥e hai'e rK)t ideniified maierial misstatemenrs in ihe Straiegic RerK>rt or (he Trustee Direciors Reporl. W¢ haN'e nothing to re￿rt in respecl of the folloiling matters tn relalion ¢0 iithich the Companies Act 2006 reqllir¢s us to rep)rl to j'ou if, in ouropinton= > adequate accountsng records ha%'e not be¢n kept, or rciums adequa1¢ for our audit haie t)01 been rettii'ed from branchcs noi i'isi¢td b) us. or the linancial 51al¢menls arc not in agreement ii.iih thc accounling records and rLxums,' or ¢¢rtain disclosures of direclor5' remuneraiion spccific bi" lai% arL' noi mad<= or e havc noi r¢¢eived all the informalion ofKI ¢Nplanalions r¢. planned atjd performed our audit in &¢cordance i¥ith audiiing 5tandard& For example, as I￿7th an}" audit. the￿ retnained a highff risk ofttondeie£iion of irregularities. a5 ihe5e ma). Invol￿.¢ collusion. lor8ery, intentional omis5ion5. misrepi¢sentstions oi ihe override of inlcmal conimls. We are Th)t resw>nsible for pre%'eniing fraud or non-cornplianee with laiis and re8ularions And C2rtnot ￿ expected to deieci all fraud and non-compliancc i%ith lat￿ and r¢gulation5. Use of the Audit r¢port Thi5 report is made solely 10 the ¢harity's Tr￿MberS a5 8 in acwTdance iviih Chapter 3 of Part 16 of Ihe Cornpanie5 Aci 20th5 and Ch&pter 4 of Part ? of ihe Ilousing and Regeneration Aci 21X)S. Oiir audii iiX)rk has Ixcn undertaken so that ive might state lo ihe Charity s members ilK>se matters iir are Tequired io state to them in an aLiditor's rerK)rt and for m oiher purp05c. To ihe fullL* exi¢nl tKrniiited bj laiv. iir do nDI accept or a55ume rttpon5ibilil)' lo anyone oihcr Ihan ihe chariiy ond ihe charitj's Mem￿[5 as a Fx)d)' for our audii iix)rk, for this reporl or for the opinions ive have formed. Lee CartWFlght ISeDlor Stxtutory Audilor For gnd OTh behalf of Beever and Struihtrs Sthiutory Audilor 20 Colmore Cireu5 Qiieensivay Bimitngham B4 6A'r Date= IVOODI,AliDS QUAKER HO)IE STA TE￿11:￿.[. OTr. CO)IPREIIEIlSII'E INCOII IF. For the year ¢nd¢d 31 hjarcb 2024 Notes Z024 2023 TURN'OVkR 2,115,019 1,901,999 Operating costs {2,066,0691 11.966.318) OPERAI'IING {SIIRPLUS4DEFICIT 48,950 164,3191 inancc income Inlcresi pa}'able and fin#ncirhg costs Changes ID fair i'alue ofinl'esimcnls 12,874 9,798) 1112$8) 10,522 19.2261 {33,420} TOTAL COIllPREHTr.NSIVE INCOIIE FOR THE YEAR 40,768 (96,4431 Approi'ed b). the Trustte Direttors 26th September 21124 and Signed on their behalf by:_ tt a4Lknl P¢l¢r CollaTd-'I'ru51ee Director Marili"n Co Icr - Trnstee DiT¢¢ior 12 I￿00DLANDs QUAKER HOIllE s-rA'[Er*iL￿T OF FI￿ANCIAL POSITIOI As at JI fvIarch 2024 liotes 2024 2023 FIXfr.D ASSETS 110115ing pro￿nI¢S- COSL less depreciation Uthcr prorort), plant otxl equipment Ini'e%imeni pru￿rt) Invesimenis .155.171 1,201.862 71,518 179,500 297.948 io 112 316J92 1,719,133 1,750,828 CURRENT ASSETS Ini'entories l)ebiors Cash and cash equii'alenis 11 12 13 10257 9.S.934 94J29 10,833 102,491 78.624 200J20 191,948 CREDITORS-. A￿lOvN-[s FALLIING DUE II'ITHIN OINF. YEAR 14 {119.961) (111,9061 NET CURRENT ASSETS 80,042 TOTAL plSSF;TS LESS CURRENT I.IABII.ITIF.S .799,692 1.830,870 CREDITORS: ANIOUIN'TS FALLllI'G DUE AFTER NIORE T}IA￿ ONI E I'E AR 15 (354,046} 1425,9931 1.445.646 1,404,877 RF.SF.RVLS R¢slricl¢d r¢5erne5 Rci¢nu¢ re5erN'cs 581,918 863.728 70i,921 698,956 1.44.4.646 1,404,877 Appro%'ed b). the Tru5ttt Directors on 26th September 2024 Artd sigrted on thtir behalf b):. Pctcr Collard- TrustL'L I)ir¢clor Maril}'rt Cvu '] TU5ttt Direcior IVOODLAIYDS QUAKER HOME STATE￿]ENT OF CHANGES Ill RESERVES For the year ended 31 March 2024 REVENUE RESER VES ReveDkne eserv¢5 Revenue re5erve5 2024 2023 At l April 2023 surplU￿{Der￿Clt} Irom sthiement of ¢ornprehensive in¢ome Transfer (toyfrom restTiCled reserves 698.956 772,501 40.768 124.(K)4 (96.4431 22,898 At 3 l March 2024 863,728 698,956 RESTRICTED RESERVES The Home Fixtures. riltiDgs & garden fund PerM￿llent Re5idenl's tndowmellt support fund fund Total Ai i April 2023 541.028 162,745 12,874 2,148 705.921 12,874 111,2581 {125.6191 Inieresl & Grants recei&able Revaliiaiion of inves(rttnLs Transfer to reveiiuL reserves 1125,619) At 3 1 Matth 2024 529,770 so,0( 2.148 581,918 The Pernianent End01￿￿ent Fund sel up io preserve the capital base ofthe ha]ne. The Residtnl's Supwrt fund sei w) to as5i5t residents in sevete fina￿7#1 difticuliie5. The (Tansfer (rom thc Residents Siippoyl Fund rclates to financial supw>rt 8iien 10 thTee re5id¢nls o%rr time in order io mee¢ residential car¢ fees. 'I'ru5tees hai'e agrcixl ID a iransfer lo unre&ri¥Led resmc5 this JeaT ￿ reduce t￿ baldnce 10 £iO,000 and iiill rcl'lel￿ the use of tht fund going foTh4?rd. The Fixt1￿c5, fiiiin8s and Gardcn Fund ivas sel up to fLLnd a project for a unit for more sei'ere Iknicntia clieTrts. 14 IVOODLANDS QUAKER HOTrIE STA TEIIENT OF CASH FLOIVS For the yeAr ended 31 Mgrch 2024 2024 2023 Notes NET CASH OUTFLOW FROM OPERATING AcfiviTIES 93.454 123,4381 CASII FLOWS FRO￿1 FINANCING ACTIVITIES Finan¢¢ incorne Inter¢sl payable and financing ¢osts Housin8 loan repaid 11874 {9.198) (63,735) 10,522 (9,2201 (6,0521 IfA1ffj59) (4.7561 CASH FLOWS FROM INVESTINC ACTIVITIES Purchase of housing properties Purchase of other property. plani & equipment Salellpurchase ofinvestmenisl Sale of other property) p13ni & ¢quipm¢DI Disposal of housing propcrty (18,4361 {2.1$90) (11.7101 (5J80) (8,758) (1709111 (30,084) NET CHANGE IN CASH AND CASH EQUIVALENTS 15,705 {58278) Cash and cash equii'alents ai thc Winning of the year 78￿24 136.902 Cash and cash equii'alcnts at the end of the )'¢ar 94J29 78h24 AI RECONCILIATION OF OPERATIIC {DEFICITItsURPLUS TO NET CASH IINFLOW FROP¥l OPERATif*"G AcfJviTIES 2024 2023 OperhlinR SurplU￿1￿¢fl¢i1) for ihc )rwr Movement in debiors Moi"cffleTrl in creditor5 l)eprecialio Moi'enient in capital grnnts Movement irtvenioties 48,950 (64,319 110,292 6,621 56,666 (10,9751 (1,1391 {8.0551 56,401 110,9751 576 Net c&8h inflo1¥ from operaiing a¢ti&i¢ies 93.454 123,438) 15 WOODLANDS QUAKERHo￿lE NOTES TO THE FINANCIAL STATEMENTS For the year ¢Dd¢d JI Marcb 2024 ACCOLNTINC POLICIES B#si5 of *¢tOknO1ing The financial ￿atements are Prepared ￿nder the hi51oriea] cosi ¢onNenlion, as nK>dified lo incliide Lfrtain it¢m5 ai fair value. in a¢¢ordanc¢ ivilh Fitun¢ial Re￿)rting Statthrd 102 {FRS 102) is5￿d by ihe Financial ReFOrtin8 Council and compl). witll the Accounting Direction for Prii*ie Regislered Proi'iders of Social Housing 2022, the staten￿nI of Recommended Practice for Regisieted Social Ilousing Prol'ide￿ 2018 {SORP} and the Housing ond Regeneration Act 2￿18. W(K)dlands Quyk-er Home is a public benefit enliiy (PBE). as derj￿d in FRS 102 ar¥J applies the relevani paragraphs wefLxed"PBE" irt FRS 102. Thrnover 1'urnover repr¢K￿t5 rent￿ and seD'ice charge income (net o( losses frorn voids) and is recogrtised on a receivable basi5. Finantt income is credited to the Residents SuMx)rt Fund, while all chan8cs iTh fair values of investments are Ctediid ¢0 the Pernynent Endoiwnali FLmd. Opernting e05t5 The aP￿rtIOn￿en[ ofemploytt costs and profts5iornI eharges is ￿Sed an Csiimaie of11t￿ spent. Oih¢r overheads are apportioned in ihe same rntio a5 rnana8cmtlli salarie Iiem5 purchased considered as an assei un(krihe I'￿￿e of£200 haNenoi been capitali5Ed. Repairs and m*lnt¢llAnee The ¢osi of rouiine r¢pair5 and niaintenance is ehar8ed lo the Stsianent ofconiprehensii'e Income as iiiciirred. Major iiDrks are capiialised 10 ihe e.Klcni ihe). impto&e Ihe ecorK)iiiic benefit of Ihe asset Ihrough an increase in rental rncome. a redurtK*n in fftainienan¢e cost5 or through an exiension of the life ofiiic ptvperly. Housing property Flousing propertj ¢onsi5ts of direci buildi1￿ coAs and intere51 capitslised up ¢0 praetical compleiioii. The buildin8$ iltre erected ot] land0%￿ed b). the W8nTri¢kshire Monthly me￿ing. SociAI Housing Grants Gr￿ts relating lo a55eis are reCo￿lsed a5 income on a s)51till￿1c basis oi'er the expected useful life of the asset. Gronts ￿ceIved for housing prottrties ar¢ TWni5ed as ineort* oi'er IFK expecied useful life of the houstng proptrt). structure. Granis rceeiied fTQrn non-go¥emmeni sourtts are reeogni5d as revenue using FKrfOm￿nct model. DepreeiAtiort and impairment Dcpreciaiion of housing properties ks charged 50 as lo 1¥iiie doiiM tk cosi oihtr than land 10 lis esiimaied t¢5idual value on a 5ti3ighi line basi5 oveithr aNfved usefttl etonoinic life of 50 >raw Major comp)ncnts in Paddock fiats ate ireaied 35 5eparnbk asseisand dewecialed over their esiiniai¢(l u5¢ful econoniic lives as follot*s'. Kiithens Bathroom5 l.itts Tr.x(tmal ligthing 20 >rars 30 Itats 25 lears JO }ears 30 }tars 30 }rar5 20 JEar5 Exltmal Doots ]30ilers & ¢enit31 kaiing 16 WOODLANDS QUAKER HOhlE NOTES TO THE FI￿ANCIAL STATEMENTS For tht year ¢nd¢d 31 March 2024 ACCOUNTING POLIC(ES (CONTINUED) Dtpretiation and imp#irmpnt (Continued) Dtpreciaiion of other pro￿n),. planl & equipment IPP&EI is charg¢d by annual insLilmenis ¢oin]nencing lviih the ear ol acqui5ilion ai rates esiifflat¢d to ivtttc oifiheir COSL les$ any rc5idual valuc. over the expccled l￿eful live5 Il'hich are a$ folloiv5'. Furniture and equipment The Pa(khxk. 15% on redtstithg balan Furniture and equIp￿￿t The Horne- 13% on rcducing balan IINpuirnie•iolStpelql Hwising Ptopertt Propeniei held for their socia] bettfil arc not held x>l¢l)' for the Cash intlmis they EtTrttaie and are held for iheir seThi¢e potential. An aqsessTn¢ni is mad¢ at ¢arh TetxJrtin8 date a5 to whtihcr an indicaior of impai]Tneni exi515. 11 such an indicator cxist% an imtmimient a$5¢ssmeni is catried out and an r5tirnate of ihe reu)fv¢rabk arnouni of Ihc as5e1 15 niade. Whcre ihe carg'ing yjnouni of a55et ¢xceeds t¢¢o%'erable an ijllpaim￿nt loss is ￿ognIsed Surplus or deficit in Ihe Siat¢m¢ni of comprehensi￿ Ineon*. The re￿Ve￿ablC atnouni of an assei is ihe higher of ils walut i usc and fair &alue less w5ts 10 Sell. w]￿re a55ets &re PRld lor their ser¥ice p)tenlial. value in use is dElcr7nined by the present value of lh¢ a5Sa'S ￿maining serkniee w)t¢nlial plu5 I￿ nti amouni eX￿C[ed to be T￿tiVed from tts disposal. IktKxiated replacetJKnt CO￿ is iaken as a suitabk Me￿[e￿en1 model. An impairyncDt loss is rever*J ifttK reasons foi the inipainneni lo￿ Iwve ¢ta￿d io apply ond included in SUTpIu5 or def￿1¢ in the stsiemeni OfcortLpre￿$i￿ [thv￿tment property pro￿1￿leS h¢ld 10 elm COJnTn¢rcial mjts OT For capiffil apprccialiix] or knih are cl&sified a5 Inv￿t￿￿MI prO￿ttle5. Ini'e51nieni p[0￿rI1￿5 pJe rllcasU￿d ai fair value aonuall&", and an¥ ctwige rccognised in the Sial¢meni of Comprehensive Incotnc. JnvtstrnelltS Invesimcnis that publicly iraded or ii'hose fait i2lue nkasurcd Teliably are Iiieasuted ai fair value i*ith changes in fair value reCo￿lsed as a surplus or dcficil ID ihe sthiem¢nT of comwdKnsive inco[[￿. lttv¢ntories Inventories are valucd at the loii"¢r of cost a￿1 tw Teali5abk valut. Cost repre5cn15 8oods at purchase invoice wite and con515t5 of cleartitjg PTodud& food Si￿kS and smi0￿ry. Tuatron Th¢ Wwdlands has chatiiable 5Taths and 15 therefore not S￿bJe￿ 10 cOrr￿VatID￿ its surplus. Cash and fash equivaleD(5 Cash and cash eqiiivalents wfflprise cash in hand and denw)d de￿51t& iogeiherikith ol￿r teTn4 highly liquid iTrv¢sIDi¢lllS thai ar¢ T¢adily conlcrtible inio knO￿Tr amounts of cash and a￿ subjcct lo an in5igDifirant risk of thange in value. FirtAn£ial ins¢rumeots Financial as%ds and financial liabilitics aTe recognised the Woodlatth irLxKnts a part), lu the coniractual provisioiis ofih¢ ins(run*ni. ￿se1$ corrierf￿0￿¥Q￿SedcO Finat)cial 8ss¢1s rani¢d ai anKTrrtised c05t comprix arTedr& irade and other receiv2bks and c&%h and equival¢n15. financial asstls XT¢ iniiiall) tetogni5cd al fair Val￿ plus dirccil), aiiributhle transaction cosi> Aftcr iniiial r¢cogniiion. the> ￿¢ ￿&￿urLd ai amorti5cd c051 u5irig Ihe ¢ffecii%E inieff51 tnclhod. Discollniirtg is oinittcd i%there eff¢rl of discouniinE is iM[n￿¢[la1. Ir Ihere is obj¢¢iik¢ cvidenec ihat IheTe is an impainnenl1055, Ihe amuni ofilie loss is m¢a5ured a5 ihe ditrerente betitreen ih¢ a￿t'S ca￿l￿g ?mouDI at)d pte5¢ni i'allle of c51imaled future c￿h t19115 discounted ai ihe financoal asset's originlll elTeciiv¢ int¢res1 rate. The caTr)'ing amouni of ih¢J55ei is JEdllced acrordingl),. WOODLANDS QLAKER HOME NOTES TO THE FINANCIALSTATEMEliTS For the y¢ar ¢nd¢d 31 Mirth 2024 ACCOUNTING POLICIES {CONTINUED) Flnllnci￿ in5tryJnents (Continued) A fjnancial asstl j5 d¢rrcogni%d %i"h¢n the [￿ntr￿r¢Ua] righls kn Ihc cash floivs expl￿. or ii"h¢n the fiTranrial a55Ct and all substttntial ri5k5 and TeHaTd lJallsfertcd. If an arnngemeni t{￿stItutes 2 ftsJat)cin8 trnJsa¢iion. the fitMn¢ial akset is measured 8t the FYes¢ni value of the ruiufe payTheniS discourfed ai a Tnarkffl wate of interest for a similarthbi instruinellt. These fitwi¢ial liabilities include trad¢ and othcT pvyab1¢5 atw] inleTe5t IraJing loans and Ixbrrowings. Non-currL'nt debt inst￿￿￿nIS il'hith meet the ¢ondilions in FRS 102. ar¢ iniliall). Te¢ognised at fair value adjusted for any directly uttrlb￿3bl¢ ir8n5aaioJi COSL 5ubsequeMIy ￿￿&sured ai amortised cost using the ¢ffediTre inieresi meilKbd, wilh iiit¢rcsi-relalcd ch￿EeS reCO￿lsed as an exjknse in rittan￿ Costs in the Siatcjnent of Conipreliejisive ]ncome. DI￿oulLi1n8 is omiiied ii'hert the effea of discowiiinE is immaieria]. A finattcial liabiliiy is dettcognised oknly Itrhen the tontr#¢¢ual obligalion is extinguished, Ihai is, ￿heTh Iht obligatlDli is ItisEhargrf canirlled Orexpl￿￿_ Finoncinglron5ocIion5 For rent arrew5 i¥here the arrdngement consiilul¢& ith ¢Ffe¢L a finan¢ing Iransa¢iioTr b¢¢ause of ¢xt¢nded credii arrangements the arrEar5 aTe rntra5ured w the pr¢seni of fullire pasinents discouiited ai an appropriate tnarkd raie of inier¢st. Pension scheme The Woodlands operates a SEp&eholifer [￿SIon schefi￿ on ttha]fof its eMplo}tes. Coniribuiion5 are charged to the Slatemeni of CompreheTh5ii'e Irthrt￿ as the) art ttth. Ihc Il'oodlands also Inakcs coiilrtbulions 10 li personal prn5ion plan5 of certain 5tstr. iyhich arc to lh¢ Stalemenl of Co]nprrhen5iv¢ I[￿oMC a5 tknc). ate Ined¢. Re51ri¢ted reserves whe￿ reserves 8r¢ subjed to an exl¢mal Estriaioji Ih¢y are ￿par￿lety, reLry)gnised 1s"iihin reserves as a restri￿ed r¢5erve. Revenue and ex￿nd1[ure is included in the Sthien*ni of Comprebensive Income attd a trdnsfer is njath from the revenuc reserve io the ￿Stricted testr¥e. SIGNIFICANT TrIANAGEMENT JUDGENIENTS AND KEY SOURCES OF ESTI￿lATIoN UIYCERTAIPilTY The preparaiion of Ihe financial ￿aleMentS r¢quir¢s marwmepl to Tnake judgewnenl& estiymtes and assumptions Ihai atTe¢i the applicaiion of polici¢5 Hnd rew1n￿ att)ounis of a￿15 and liabililics. incomc and cxp¢n5¢5. TtK estimates and associa￿d a55uinMi(MiS ar¢ based on hi￿0￿¢8[ experie￿% and varioiis oiher factors ikni bclicved io be reasoijabk Ullder Ihe circunistht)ce& the rcsults of ithich fomi the basis of maktsJB Ihe judgemenis aboui carrying Yalues of assets artd liabililies ihai are noi re*lily apparEnt frotn other wur¢es. A¢tug1 resvlts ma}. differ frojn these eslitnale5. Eslima1¢5 aJ)d iin&rlJing assumtXiOD5 afe ttvie4krd on an ongoitvg basis. Revi5i011s io accouiiiing t￿li￿at¢S a recognistd in the period in which ihe esiimaie is &nd irt aiij. fuiute Jxiiod5 affecied. Corypovevts of hO￿51￿[PMpe￿e5 und115efiilli￿5 Major components of ￿￿$ing properties have si8nificanil} differeni ￿ller￿* of ¢onsumplion of econoini¢ b¢ncfi15 and ¢5timale5 aTe Tnad¢ to allo￿¢¢ the iniiial Lv51 of Ihe PTOtrrt}' to tts major coniponents and to deprcciaic cach Com￿)ncnI Sep￿rate1V 0￿¢r ils uscbjl economie life. The Associaiion considers iihaher (here are any indieations thai the useful liNcs requitc re%'ision at eath reporting dale to ensuTe thai the) ttmain appropriaie. Going coiicer Thc A550Cliilion'5 fi￿ancIal *alen￿nIS hav¢ been wtpwed on a going coNcern ba515 ibhieh a%sume5 an abilii). to eoniintte operniing for Ihe fotesttable rth￿re. Nlo S]￿lirits￿l conethtjs lidve becd noitd and lit coiisideT 11 apptopiia¢¢ to coDlinue lo Wcpll￿ ih¢ fiTharKial s￿￿￿1$0￿ 3 going ￿￿￿[0 ba51 18 WOODLANDS QUAKER Ho￿lE NOTES TO THE FINAIYCIAL sfATEMENTS For the yEar ended JI h.IArth 2￿24 TURNOI'ERAND OPERATING COSTS 2024 Opcrating Lxbsts Sutplusl (deficit) Turrx)ver Social housing letting5 (Note 3a) 1081.139 (2.066.(N59} 15.070 ActiThilie5 Other tb*ts sota•l hou5iDg *t(ivities Donations Oiher income and grants 5,506 28.374 5.506 28,374 Total 2,115,019 12.066,069) 48,950 20?3 Operating Costs Siirplusl (deficit) Turth)veT &)¢ial Ix)u5ing lettings (Note 3a) 1.875.145 11.966 J18) {91,1731 Attivltles other th4n social housing A¢iii'itie5 DO￿tionS Olhtr incon)e and grants 9524 17.330 9,524 17,330 Tolal 1.901.999 11.966.318) (64.319} 19 WOODLAiYDSQUAKER HOME NOTES TO THE FINANCIALSTATEMENTS Por the year ended 31 March 2024 PARTICULARS OF INCOME AND EXPENDITURE FROM SOCIAL HOUSING LErriNCS Sheltered housrng for older people Sheltered housing for older people Car¢ 2024 Totil 2023 Tot81 home Ilcni ￿nd service chargc% R¢¢ivable Ami>rlibaliort uf¥uvcmrnLnt 8runls 170,949 6.985 ,899215 2￿70.164 3.99(1 10.975 168,748 6.985 1.695,422 i,990 1.864.170 10.975 TotRI Income from Soci*l Houslng l¢ttlngs 177.934 1,9033•5 2,0¥1,139 175.733 1.699.41 • 1,875.145 SeTVILYS Manumcmeni MainlLnanLL expenditure IILnl Iu%%L5 Irorn bod dcbis t)epr¢¢iuti()n and loy% on disposul of housing propcrtics 40,516 80,967 lJ44,188 222ffj47 85.743 1.484.704 303.614 120.402 40.002 74.651 27.807 1.543 23,726 1.50?,646 194.2)2 67,464 1.542.648 268.883 1.543 57.973 23,498 33.8$1 57.349 34,247 Toi*l expendiiure ort So¢lal Hou$lrtg lettlngs 179,640 1.886,429 2,066,069 167.729 1,798.589 1.966.318 Opergtlng Ideflcltl/¥urplu8 on Sotl#l Htsu%Sng letting$ (1,706) 16,776 13,070 8,004 199.1771 Renf losses from volds 2J8T 43,760 46,141 68,876 6¥,900 20 WOODLANDS QUAKER HOhlE NOTES TO THE FINANCIAL STATEMENIS For the year endtd 31 Marcb 2024 UNITS IN MANAGE￿]ENT 2024 Number 2023 Numbel Sheliued housin8 for older people Care trK>m¢s 25 45 25 45 70 70 FINANCE INCO￿lE 2024 2023 Dividertds on I￿￿'eStments Inter¢5t on bank dekK)si¢S 12,829 45 IOJ13 12.874 10,522 INTEREST PAYABLE AND FINANCING COSTS 2024 2023 Repayable %￿hOllY or partly in more than fil'e year5 9,798 9.226 IVOODLANDS QUAKER HOI¥IE NOTES TO THE FINANCIAL STATEhlEPilS For the yeAr JA P#larfh 2024 STAFF COSTS 2014 2023 Wages and salaries Employers national insuraTKe Pension conlribulions lJ33.978 87.568 34.983 1,258,596 75,730 32.175 1.45Q529 1.366,501 Numbe Number Ai*rage ptiiDiber ofewplwEes Manageinent and Admirtistya¢ion staff Care & Spinney staff Support siatT Paddock 5taft li 40 16 37 16 68 65 The Twsiee Dire¢tOTS did T￿1 receive an). remunerdlion. There are no slaft cam more than £60k per annu￿ ihcrcforc thc bandin8 disclosures as set out in the 2022 Accounting Direciion (or such ¢niplo)"ees are JH)L required. OPERATINC ISURPLIISVDEFICIT 2024 2023 rhe owpaiiN8 (surpltss)defiril isslatedafter cl4u¥l￿,¢crethI1￿ty.. DeP￿CIation - Icased assets - 0￿1)ed a￿1$ I,oss on disw)5al of f¥¥¢d a55et5 Audiior's retnunerdtion Amorti5aiion of government grants 25,100 31,301 24.975 31,690 8.160 110,9751 7,300 {10.9751 22 WOODLANDS QUAKER HOME NOTES TO THE FINANCIAL STATEMENTS For the year eDded JI hlarfh 2024 HOUSINC PROPERTJES- LEASEHOLD Under CM5true¢ion Cornpleted Sheliertd hoM5ing Car¢ for Older home ptopl¢ C*re Total COST Ai l April ?023 AddiiK)ns Disposals in ytar 1.800 1,215555 735.462 1.952,877 At 31 March 2024 1215J55 735.462 ,952,877 DEPRECIATION At l April 2023 Charge for ytrdr ElimiJia(ed on distx)5al 425,693 325,322 25.1(K) 21,591 751.015 46,691 At 31 March 2024 450,793 346,913 797,706 NET BOOK I'AI.UE At 31 March 2024 764.762 388,%49 1.155.171 Al 31 March 2023 l.8()O 789.862 410,140 1,201.862 Total expetKii(ure on i¥￿rkS 10 cxi51ing properties •mounted ￿ £120,402 (2D23 £113,707). Of this expendi11￿¢ £012023 £18.4361 capiia]is¢d in Iht }'ear. I'he housiiig properties ate held on a 25 )'ear lease from Cenirdl England I￿akerS and assurgTKe ha5 Efen given that Ihe lease iiill be exiended Iw'ond this ierTn. The an￿￿rti ¢oi#lling £1860 in 35sels linder eonstrwknon rclate to F￿reSSional c05t5 for a projea 10 itnproi'e disabled access to the TrK)me.'Iru51ees full!" intend io d￿'eloP this ptojccl. 23 WOODLANDS QUAKER HOME NOTES TO THE FJNANCL4L STATEMENTS For the year Ènded 31 hlar¢h 2024 OTHER PROPERTY, PLANT AND EQLIPhlENT Furnitur¢ ¢quipThent Sbeltered housing Care b¢)me Total COST Ai l April 2023 Addition5 Di4X)S8Is 89.659 377,360 467,019 11,710 (3503) 13503) Ai 31 March 2024 89,659 385.567 475,226 DEPRECIATION At I ApTiI 2023 Charge foryear Eliminated on diswtsal 76,054 1.908 3 19,447 7,802 12,555) 395,501 9.710 {2,5551 Ai 31 March 2024 77.962 324ffj94 402,656 NET BOOK IIALUE At 31 March 2024 11.697 60*73 72,570 Al 3 L March 2023 I5￿05 57,913 71,518 INI'EsfMENT PROPERTY Total VALUATION Al 3 1 March 2023 179,5(K Change in FaiT Value {4.500) A¢ 31 March 2024 175,000 -I'he invesinient propert).. ii.hich i5 lea5ehol(J. ialued io fair i'alue ill 31 MaT¢h 2024. based on a i'alualion UtKiertaken b}. Nick Tart Fsiaic Agen￿ *1 indepet]denl l'alucr iiiih ￿Cent experiaice in Ihe locaiTOli and class ofini'c51meni propcrtv IKing i'alued. 24 WOODLANDS QUAKER HOfvIE I%OTES TO THE FINANCIAL STATEhlENTS For the ye8r tNdtd 31 l¥l#reh 2024 Ilb. INVESTMENTS 2024 2023 L15ted iDY¢stments rair value at l April 2023 Chan8e in fair value Addition5 in y Disp05als in y¢4r mov¢n￿nI irt cash Zlh$083 16,7581 238,063 137.920) 18,679 {10,4701 (1,4691 110,0791 {4J14) Fair value al 31 March 2024 18S232 206,883 Unlisted investments Markei value ai l April 2023 Disposal￿TEV￿1ua(lQll5 Fair value at 31 March 2024 Lon8 ttmi ￿$h deposits 131,1611 91,065 Total 316,392 297,948 Ilc. INIFENTORIES Food, cleaning produas and 5talionerJ' 2024 2023 10,257 10,833 12. DEBTORS 1024 2023 re￿ in arrears IT￿ HomE} Other debiors Prepa>ments Ind accrued inconie 69,132 125 26.677 83.271 302 18.915 102,491 13. CASH AND CASH EQUIVALENTS 2014 2023 Business premiiitrt accounl Welfare fund accounis Pad(k)ck Teiian15 Ass(Kiation accounl Cash in hand 7J.223 19,031 342 ,733 57,774 18,986 -253 94,329 78.624 25 WOODLANDS QUAKER HOME NOTES TO THE FJTrIANCIAL STATEMEYTS Por ¢h¢ year ended JI IMArch 2024 14. CREDITORS: AI¥IOUNTS FALLING DUE IVITHIN ONE YEAR 2024 2023 Housing loans (note 15} Fees in advan£r11-he HO￿￿) Other I￿110n and socid seeurit), Oiher credilor5. defetred inLMime and accnthls Quakei Housin8 Trust loart {noie 15) Triodos loan (Jiote IS) Goirniment gtant5 Inoie 16) 1,169 6.611 19,721 68.352 2,333 2.745 10,975 1&902 23J86 63,021 2333 119.961 1,906 1% CREDITORS.. AfwJOUINTS FALI.IYG DUE AFTER MORE THtlN OIYE YEAR 2024 2023 HoiLsin8 loan5 Quaker Housing'l rust103n Triodos loan Goh'emmenl grants Inole 16) 3&455 4.667 39,799 7,000 57,295 321,899 31￿924 354.046 425,993 The Hov5ing loan is st￿red on The Paddock Flats and i5r¢p3)'able ov¢[ sixty years fTom l January. 1980, Ihe fdie of inter￿1 charged bcin8 14.5%. The Qu8&er HoiisiD8 Tft￿l loan is rtee and ry)'able in e4￿] annual in51aln)enis oi'tr 15 years froTll Mar¢h 2013 Thc Triodos lofjn ii?s retHid in full on l*h March 2024 2024 2023 The li>0￿ arg repukETble i￿$￿1￿￿ellI5rf1￿ ￿￿oI104¥S." Within one year or less 677 6247 fvlorc thatl otte year ￿1( no¢ ihan li%D )cdrs More Lhan liiD years bu( not morc fil'e )'ears More Ihdn five Jears 3*79 &511 29,977 6,613 20,127 76,594 4(044 109,581 26 WOODLANDS QUAKER HOME IYOTES TO THP. FIl%A￿c[AL sTATE￿IENTs For the year ended 31 Ma￿h 21)24 16. DEFERRED INCOME-COVERNMENTGRAliTS 21124 2023 A¢ l April 2023 Granis rrttivable Amojusation io statemeni of comprehensive illwme 332074 343,849 (10.975) 110,9751 At 31 March 2024 {noie 15) 321.899 332,874 Arnortlwion < l yrar 10,975 10,975 AinortTsation > l year 310.924 321.899 The cumulative arnount ofsFIG received b), the WIMMlland5 ivas £535.431 12023 .. £535,43 1). 17 FINANCIAL INSTRUMENTS The carrying I'alues of the AssoeiaiioTh's fiJNuKial assets and liabili(ies are sei out in the folloiving noles to the rjnancial statements= FinaDel*l w55et$ 2024 2023 measli￿d at fair value through St￿ement ofCompiL*ensiNE Income Fixed 0s5cI inve4nicnts Istr rnilc I I I 3lQ392 297.947 MeasuTed al undiscoiilli¢d amoun¢ rcceivable Rent arrvaT5 and 01￿￿ debtots (see no* 12) 69357 85,573 Cash and cash equll'alen￿ (see rM)ie 131 9A353 78.624 FinAneial liabilitles Measli￿d ai aniort15ed Cost l.oans pa)'able (see note 151 46.044 109,i81 Medsured al undis¢ounied anY)unt pa}'able I'Tade and oiher crcdiloTS Isee rK)te 14) 63.021 68.352 18 FINANCIAL COMMIThlENTS Al 31 March 2024 ihe ￿'00dlandS had Vdpiial commilwents as folloi*s'.- 2024 2023 Conlr*t5 approved &Ji not contracted Contracted bul noi proi'ided 27 WOODLAYDS QUAKER HOME NOTES TO THE FINANC(AL sTATE￿IENTs For th¢ year endEd 31 P#larch 2024 18 FINAIYCIAL CO￿lMITmE￿Il31Cts￿IInVed) Tot21 future minimum lease pa}Inenis under T￿}￿-ca￿tellOblC optrating leases are as folloi￿s..- 2024 2023 Paymentsdue'.- Wilhin one year 13eiiY¢en and fJv¢ )eats Afler five y&rs 5.274 9,049 5,034 13,968 14J23 19.002 19 RELA TED PARTY TRANSAcfioNS The preniises (The Flomel from Ihe Woodlajmts 0￿rateS is leased from Ihe Central England Quakers ICEQs} for the fixed tem) of •5 )eats a¢ a pepFttcorn reni. The CEQS are a iela*4J pan>. b% haying the Ex>wers 10 Thimiiiale and apJx)ini Tru5ttts to the Board, a5 Sei oul in Trust's Gov¢ming Docuni¢ni. 28