WOODLANDS QUAKER HOME
2024/2025 ANNUAL REPORT
TECHNOLOGY
The care home went live with a digital care planning and monitoring system on Tuesday 9th July 2024.
After a few weeks all staff, including those that were initially sceptical had embraced the new system. The benefits of the system are immense, one major improvement is the ability to monitor vital signs such as food and fluid intake for residents in real time, this enables timely responses to prevent any escalation and the likelihood of medical intervention.
In August 2024 the visitor management system was changed to the same software provider; this allowed the creation of a care note for a resident in real time with the duration of a visit when visitors registered on arrival and signed out on departure.
Nursecall, a smart solution which enables calls to be displayed on care recording devices and a maintenance and asset management tool will be implemented in 2025/26.
Work began to upgrade the internet service for the home and a VOIP telephone system with cloud-based technology will be implemented later in the year.
PROPERTY, MAINTENANCE, HEALTH & SAFETY
One issue dominated the first half year and that was the main lift for the care home. The lift, installed in 2013 began to malfunction on 17th May 2024 when it was discovered that it was not levelling out when it reached each floor. It transpired that a part was defective and following discussion it was agreed that it would be more cost effective to replace the power unit, as well as the defective part rather than change integral parts at different stages as the power unit was coming to the end of its expected life span.
Unfortunately, the lead time for delivery and installation of the required parts was lengthy and when the unit and defective part were replaced on 23[rd] August, the lift was still malfunctioning. Finally, on 11[th] September a company working on behalf of the lift company attended, rectified the issues and the lift was finally put back into full service. We must thank our staff who worked tirelessly through the disruption with patience and professionalism as this ensured that the home continued to run smoothly.
Work commenced on repair and replacement works for roofs and balconies in line with our quinquennial report. New fencing was installed on the south-west boundary of the site, and all mandatory water, gas and electrical safety works and checks were completed within schedule.
In January 2025 trees on site within the lower risk thresholds of our 2023 tree risk management survey were felled or reduced in accordance with both the report’s recommendations and permissions obtained from Wolverhampton City Council’s conservation department.
Towards the end of our financial year a metal shed was purchased and installed for the paddock to store and charge mobility scooters for the scheme.
Expenditure on properties and maintenance for both the home and sheltered housing scheme increased to £143,373 from £120,402 (2023/2024).
WORKFORCE
Whilst we are not an accredited Real Living Wage employer, we do aim to match the hourly rates set by the foundation. The lowest hourly rate for employees was increased to £12.00 per hour from April 2024 and this matched the foundation’s rate at that time. Staff turnover rates were low which helped to ensure minimal use of agency staffing.
On the 27[th ] May 2024 we said goodbye to a staff member who retired after 27 years’ service. A garden party was held on 22[nd] June to bid farewell and celebrate this achievement. This length of service reflects the organisations positive and supportive environment which was again highlighted in exit interviews during the year.
Staff completed all mandatory training and during the year three members of staff were enrolled on the level 3 Diploma in Health & Social Care and were close to completion by the end of March.
The ability to sponsor employees is a key part of our strategy to reduce recruitment and retention difficulties, during the year we sponsored the employment of 3 Care Assistants who were already based in the UK. This has worked very well, and they have proved to be valued members of the care team.
In July 2024 we congratulated care assistant Sandeep who graduated with a master’s degree in healthcare leadership.
ACTIVITIES & EVENTS
On 4[th] July 2024 we were announced as winners of the West Midlands Care Association ‘Pimp my Zimmer’ competition at the Association’s summer conference. Several of our residents had decorated their walking frames for the competition and the entries reflected their jobs and lives and ranged from a Rod Stewart frame to a Jamaican themed frame made by a resident who had lived and worked for 30 years on the Caribbean island.
On 26[th] July 2024 we held our first outdoor festival entitled ‘Woodfest 2024’. This was a community event, and we thank Wolverhampton City Council for their grant of £250 towards the event. The event was a great success, with food, drink, singers and a popular African drumming workshop.
We continued to develop our activities for the residents, and on 8[th] September 2024 a Quaker meeting for worship was reinstated at the home, held on the second Sunday of each month.
WOODFEST JULY 2024
ART CLUB & GAMES .4- QUAKER MEETING FOR WORSHIP
FINANCIAL PERFORMANCE
The organisation generated a surplus for the year. Demand for both the care home and Paddock housing scheme was high for the period with occupancy rates of 96.9 % and 98.9 % respectively.
There was a reduction in interest payable and financing costs due to repayment of a secured loan in March 2024 and we intend to review our remaining loans in 2025/2026.
Our investment property increased in value by 5.4% and investments which include listed investments and long-term cash deposits increased by 14.87%.
We are very pleased to have had such a successful year. In 2025/2026 we will celebrate 80 years of the Woodlands. The property was purchased by Warwickshire Monthly Meeting (Central England Quakers) in November 1945 and established as a home for the elderly. This really is a milestone, and we look forward to many more years of providing excellent care and accommodation for older
FINANCIAL STATEMENTS
| STATEMENT OF COMPREHENSIVE INCOME AS AT 31st MARCH 2025 |
STATEMENT OF COMPREHENSIVE INCOME AS AT 31st MARCH 2025 |
STATEMENT OF COMPREHENSIVE INCOME AS AT 31st MARCH 2025 |
|---|---|---|
| 2025 2024 |
||
| £ £ |
||
| TURNOVER 2,301,856 2,115,019 |
||
| Operating costs (2,240,401) (2,066,069) |
||
| OPERATING SURPLUS/(DEFICIT) 61,455 48,950 |
||
| Finance income 16,523 12,874 |
||
| Interest payable and financing costs |
(5,876) (9,798) |
|
| Changes in fair value of investments |
6,378 (11,258) | |
| TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 78,480 |
40,768 |
STATEMENT OF FINANCIAL POSITION AS AT 31[st] MARCH 2025
| STATEMENT OF FINANCIAL POSITION AS AT 31st MARCH 2025 |
STATEMENT OF FINANCIAL POSITION AS AT 31st MARCH 2025 |
STATEMENT OF FINANCIAL POSITION AS AT 31st MARCH 2025 |
STATEMENT OF FINANCIAL POSITION AS AT 31st MARCH 2025 |
STATEMENT OF FINANCIAL POSITION AS AT 31st MARCH 2025 |
|---|---|---|---|---|
| 2025 | 2024 | |||
| £ |
£ | |||
| FIXED ASSETS | ||||
| Housing properties – cost less depreciation | 1,118,253 | 1,155,171 | ||
| Other property, plant & equipment | 77,164 | 72,570 | ||
| Investment property | 184,500 | 175,000 | ||
| Investments | 363,443 | 316,392 | ||
| 1,743,360 | 1,719,133 | |||
| CURRENT ASSETS | ||||
| Inventories | 9,558 | 10,257 | ||
| Debtors | 113,877 | 95,934 | ||
| Cash and cash equivalents | 93,039 | 94,329 | ||
| 216,474 | 200,520 | |||
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
(96,517) |
(119,961) | ||
| NET CURRENT ASSETS | 119,957 | 80,559 | ||
| TOTAL ASSETS LESS CURRENT LIABILITIES | 1,863,317 | 1,799,692 | ||
| CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
(339,191) | (354,046) | ||
| 1,524,126 | 1,445,646 | |||
| RESERVES | ||||
| Restricted reserves | 604,819 | 581,918 | ||
| Revenue reserves | 919,307 | 863,728 | ||
| 1,524,126 | 1,445,646 | |||
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
Reglstered number: 07577779 WOODLANDS QUAKER HOME FlnanciAI statementj Year ended 31 March 2025
WOODLANDS QUAKER HOME INDEX Informatlon Trustee Dlreetorg Report Stratsgle Report Independent AudItoa Report ststemettt ofc•mpfthenslve Ineom• li statsmtnt orntI&l Po11 12 Sttement ofchanw In Re$erye• 13 SlaterneDt ofcuh Flows 14 Nota to the Flllan¢l41 St4t¢m¢*t$ 15
WOODLANDS QUAKER HOME INFORMATION TRUSTEE DIRECTORS Julia Furtnin8cr (Chair) Richard Taylor (Convenor of Finan¢¢ & Op¢Tations I Peter Collard Nicholas P&ton-Philip Marilyn Coulter Kelvin Beer-jones REGISTERED OFFICE 434 Pertn Road Wolverhampton West Midlands WV4 4DH AUDITOR Beever and Struthers 20 Colrnore Circus Queensway BiThnin8ham B4 6AT BANKKILS Lloyds Barth Pl POBoxlO 37 Qucert sqUe Wolverhampton WVI IYH REGISTERED NUMBER 07577779 CHARITY COMMISSION NUMBER 1141622
WOODLANDS QIJAKER HOME TRUSTEE DIRKCfORS REPORT CONSTITUTION Woodlands Quaker Home is registered under the Companies Act 2006. r¢gist¢r¢d number 7577779 and is & registered charity, registered charity number 1141622. FvfuRE DEVELOPMENTS 202412025 has been a successful y¢pr. W¢ intcnd to build on this succc5s by developin8 our business stratcgy and in the coming year we plan io... Implement proj¢¢ts to ¢n5urc that thc organisarion r¢mains viable within a challenging secior Adopt technologies to support delivery of OUT services and ensure the Woodlands 15 'fit for the fiLttLr¢' Develop our TecTuiiment and retention strategy TRUSTEE DIRECTORS The followThg members held offlce from I" Aprll 2024 to the dale of this report. unless otherwise stat¢d. Julia Furmingcr (Chairl Richard Taylor (Convenor of Finance & Operations) Peter Collard Nicholas Paion-Philip Marilyn Coulter Kelvin B¢¢r.Jon¢s The WoodiBnd5 Nominations Sub Committee nomin&tes Trusttt Directors for appoiniment by the CentrBI England Quaker Area Meeting. Eh appointment is for a ihree year triennium. At the end of their first Iricnnium Trustee DirecioTS may be re-nominBted and re-appointed for a further three years. They should noi serve more than nine con$¢cu¢ive years. but exceptionally this may be approved by Central Ertgland Quakers ICEQI. Following a years break they may be nomin&ted appointed again. All Tw5t¢¢ Directors giv¢ of thelr time frecly 4nd rweivcd no b¢n¢fits ofr¢mun¢ralion from th¢ woodlar$. TRUSTEE DIRECTORS RESPONSIBILITIES Charity Legislation requires the Trustee Directors to prepare flnancial statemcnts for each financlal year which ive a true and fair view of the state of the Woodlands As at the end of the financial year and of the income artd expenditure of the Woodland5 for the year ended on the d&te. In preparin8 those financial S*Men suitable accounting policies have been used, to the best of the Trustee Directors knowledge and belief. by Teference to re&sonablc and prudent jud8ements and estimates and applicd consL5ttntly. Applicttble a¢couniing standards hav¢ been followed. The Trustee Directors are also required to indicate where th¢ finan¢i415tatements are prepared other than ort the basi5 that the WoodIarS is a 8OLn8 concern. The Truste¢ Dirertors are responsible for ensuring that arrangement5 ar¢ made for k¢cping propEr bkS of ount with resPCCt to the Woodlands, transactions, and as5et5 and liabilities. and for maintsining a salisfa¢tory 5y5t¢rn of control over the Woodlands. books of account and transa¢tion5. The Tn]stee Direciors are a]so responsible for ensuring that mngements are made to safeguard the assets of the WdIndS ond hence for king reasonable steps for the prevention and detection of fraud and other irregularities. COMPLIANCE WITH THE REGULATOR'S GOVERNANCE AND FINANCIAL VIABILITY STANDARD The Trustee Directors confirm that the Association complies with the Requirements of the revi%d Govrrnance and Financial Viability Standard applicable for the year.
WOODLANDS QUAKER HOME TRUSTEE DIRECTOILS REPORT DISCLOSURE OF INFORMATION TO THE AUDITOR (CONTINUED) Each of thc Directors at the date of approval of thts report have Confirnd th: As far as ihE Directors ar¢ awar¢. there is no relev8nt aLwJlt Infornwtion of whith the A&80cialion's 4uditor is Tht Directors have taken all the steps that (hey ought to h&v¢ tak¢n a5 Directors in order to make themselves aware of any relcvant audit infornlE0n and to establish that the AssocSAtion'5 auditor is aware of that Infonnion. Approved by the Truste¢ Dlrfftors on 21 Septebnber 21125 and g18n¢d its Ixhalf by: Peter Collard- Truslee Dlrector
WOODLANDS QUAKER HOME STIL4TEGIC REPORT PRINCIPAL ACTIVITIES The principal activities of the Woodland5 are the provision of accommodation and care for old¢r people throu8h sheltered housing and resideniial ¢F4re facilities. PURPOSES AND AIMS We have ¥eferred io the Euidance in the Charity Commissions general guidgn¢¢ on public benefit en reviewing our aim5 and objectives and in planning future adiviti¢5. The Woodlands. guided by Quaker ethos and vo]ues, provide5 24-hour residential care for 45 residents and supponed accommodation in the fomi of 25 flats. Primarily for the over 605. eli8ibility for the Woodlands L5 on a needs assessed basis. The Woodland5 has & positivt regard for diversity and cqual opportunities and ensures that aiiy Tequest for its s¢rvi¢¢5 are treated equally. Where financial assistan¢e is needed, the Woodland5 will provide supporL guidAnce and information on approprlate granis and benefits available. The Woodlands operates a support fund. which can provid¢ financial &8sistsnce to Te3idents, or N)t¢ntial residents who in need ti) ¢ov¢r th¢ shortfall between Woodlands ftes and local authority support rates. These MureS help trj ensure that people are not unduly ¢xclud¢d from the Woodlands due io InsLStYicient means. Our primary aim the Woodlands is to provide quality accommodation with high quality l¢vels of care and support. Performan¢¢ We are happy to report that the organisation generated a surplu5 for the yetr. DcTnand For both the ¢Dre hom¢ and Paddock housin8 h¢[ne WAS high for the period with occupancy r¢5 of 96.9 • and 98.9 Okn re5peetively. Technology Th¢ ¢&T¢ home w¢nt liv¢ with a digitsl ¢8r¢ plottrtin8 and monitoring system on Tuesday 9th July 2024. This was iA¢¢r than hellul¢d as che lime tak¢n io transfer pap¢r-based records on to the system took ltsngeT th8n forecast. Afler a few weeks all staff, including those that were iniiiAlly sceptical hod embraced the new systcm. The benefits of the System are immense; one major improvement is the ability to monitor vilY41 sign5 such as food aDd fluid intskc for residents in real time, which enables timely responses to pr¢venl any ¢ycalation and the likelihood of medical inttrventiott. The visitor magement system was Changed to th¢ 58m¢ softw4T¢ provider; thls allowed the creation of a care note for a resident in real time with the duration of a visit then visitors regi5t¢r¢d on grrival and signed out on deporture. The delay in implementation of the system hindered the adoption of other chnolo8ies plsnned for th¢ year. St is hoped thot Nurwall, a smart 501ution which ¢np4bles ¢811s to b¢ displayed on Care recording devices and maintenance and p$5¢t management tool, will be implemented in early 2025126. Work began to upgrade th¢ internet Service for the home gnd a VOIP telephone system with cloud-based technology will bc implcmcnted later in thc year. Workforce Whilst we are not an accredited Real Living Wage employer, we do Sirn to match the hourly rates set by the foundatLOn. The lowest hourly rate for employees was Increased to £12.00 per hour from April 2024 and this matched the foundation'5 rate at that time. Staff turnover raies were low which helped io ensure minimal use of 8B¢ncy staffing. On the 27, May 2024 said goodbye to a Staff tber WIM) retired after 27 year5, Service. A garden party was held on 22 June to bid farewell and celebrate this aehievemtnt. Thi5 length of Service reflecis the org8nisations positive and supportive environment which was again highlTghted in exit interviews during the year. St&lTcompleted &ll mandatory training. During the year, three member5 of staff were enrolled on the level 3 Dipl()ma in Hea]th & Social Care and were close to completion by the end of MAr¢h. The ability to Sponsor eTnployees is a key part of our strategy to reduce recruillnent and Tet¢ntion difficulties., during the y¢ar we sponwred the employment of 3 Car¢ Assistants who were already based in the UK. This has Worked very 11, and thcy have proved to bc valucd members of the care te8m.
WOODLANDS QUAKER HOME STrATEGIC REPORT Property* Maintertante. Htfilth & SAfety One issue dominated the first half year and that Wa5 the main Isft for the care hom¢. The lift, iDstslled in 2013. beghn to malfijnction on 17th May when it was discovered th it was not levelling out when it reached each floor. IranspiTed that a part was d¢feciiv¢ and following discussions. it w&s agre¢d that it would b¢ more cost ¢ff¢dive to replace the pY)wcr unit, well as the defective part rather ih&n change integra] parts at differetlt stages, as the power unit Wa5 coming to the end of its cxpected life span. Unfortunately. the lead time for delivery and irtstallation of the part5 Wa5 IcTh8thy snd when the unit and defective part were replaced on 23 Augusl th¢ lift was Mill malfvn¢¢ioning. Finally. on I I September a eompany working on behalf of th¢ lift Company Allended. rectified the i55ue5 and the lift was finally put back into full seryice. The prolonged period wSth a m4lfvndioning lift resulied in a significant rise in staff cosis as extra hours were needed t ensure that the home continued to run smooihly. We must. however. Commend stsff for the way they worked through the disruption with paiience ond professionalism. Repair and replacement work commen¢ed for roofs and balconies in line with our quinquennial rEPOrt- however. thig was at time5 hindered due lo bad WEather. New feneing was installed on the south.wesi boundary of ihe site. and a]1 mandatory waier. 8as a1 electri¢al safety works and checks wrre copI¢l¢d within schedulc. Towards the end of the yeor P4 metal shed was purcha5¢d and installed for the paddock to store and charge mobility scooters for thc s¢hem¢. Expendilure on properties and mainiertonee for both th¢ home and Jh¢lt¢r¢d ho8)ng scheme increased to £143,373 from £120,402 {202312024). Flxed As8et$ The Home In July, a 9-yur-old washing machine was replaced Bnd in Au8ust a 10-year.old washing machine came to the end of its us¢fvl life &nd wgs upgraded with the Jame make of marhine. In the samc month, the supplier thit maintain And service our laundry applianccs. offered a refurbished mgchine at no cost to 25Sl$t with the volume of washing, which had risen due to An increase in the dependcncy of residents within ihe home. We quickly agreed to this offer and the laundry was adapted 10 4womm¢)date an additional mochint. The revised Ihundry confi8ura(ion consistin8 of four commercial washing machines and two cornmeTcial dryers is working well and is Able to meet curnt demand. Four profiling nursing beds fjve high d¢pendert mattresses were pUhased and the end of the year every room of the home had 8 profiling bed in place. Residents coming to the home are now tending to prefer a shower rather thAn a bath. When ihe baih on the middle floor of the home Stopped working. and it was established that Ihe ports were obsolete, a decision was made to convert th¢ bathroorn into a high specification wd room to a0MModate the change in preference. The PAddoek A Stair lift was fEtted to a fjrst floor flai in February 2025. This wls the final to have a stair lift fitted and during the year rewr work w8S Garrled out to kitchens and windows in several tlats, although this was expected due ase. Grant5 Other Income A grnnt of £8.024 w&5 approved in 2023124, to 5UPPOrt thc adoption of a di8ltised care planning #nd rnonilorin8 systern and 80Vo of the grant was received that y¢ar. During the year ihe final 20Q/o was received and the residual balance released from deferred income followng submission of a benefits analysis report to the Inte8Tated Cw¢ Board IICBI who adminisier the fimding. The feedback from our submission was the experiences at Woodlands. 5inc¢ adopling the system, appear to be more p051tive than the ICB trend. In July w¢ held our first outdoor festival ¢ntLtled 'Woodfest 2024,. This was & community evenL and we thank WolveThampton City Council for their grant of £250 towards the ¢v¢nt. Th¢ ¢v¢nt was 8 8r¢at SU¢$5, 8nd we hope to knld the event each SUTntner. We received an ¢nd of study payTncnt of £1,200 in February from the AFRIQ Study (Air Filtration to reduce Respiratory Infection5 including Covid-19 in cere home51 and we intend to participate in further studie5 through the NlOal Institute for He4]th and Care Researeh.
WOODknVqDS QUAKER HOME STRATEGIC REPORT Looking FoTwrd In 2025 we will celebrate 80 yeaTS of the Woodlallds. The PTop¢rty was pUha9¢d by WaTwickshir¢ Monthly Meeting (Central England Quakers) in 1945 and estAblished as a home for the elderly. This really is & mIlese. and we look forwaTd to many more years of providin8 excellent care and accommodation for older people. Value For Money Woodlands Quaker Home is committed to getting the best vhlue for monty in buying 8¢x>ds and services ond also in how we actually do our wor so thai we can deliver the right service to our residents and tenonts in the most cost eff¢¢tive and efficient way. Woodland5 Quaker Home will consult with th¢ users of its s¢rvi¢¢$ to ¢n5UT¢ tho1 th¢iT interests pr¢ tak¢n into Consideration when achieving this objective. The Senior MageMe[rt Team and Truste¢ Directors ensure that there is... Regular scrutiny of cost performance against budget a[ comparison of operating eosts with similar organi5ation$.
A fobust procurement procedure. Re8ular review of a$5et5 and asset perfomiance. Rc8uI?r r¢view5 of the organisations Siaifing e5tablishmeni to ensure the structure is as efficient As possible. Regulor SM1. meetin83 whi¢h fo¢us on quolity and b¢5t Volu¢ in procuT¢m¢nt of our goods and s¢ryi¢es. The use of prof¢s$ional adviiers to support procurement. A ¢l¢or process for manhging and monitoriTh8 contractor5. Peri(Kiic review$ of ar¢as ofseryi¢e. Th¢ Regulator of Sorial Housin8 fequiTe5 registered providers to report annually on their performance a8ainst a set of seven key m¢asuTes defined by the Yegulator. The rcgulaior has srlcded the value for money metrics ihat work for thc majority of providers bui apprtciates that for certain providers the data may need clarification. The Woodlands Quaker Home is both A provider of social hoLLying and a ¢ar¢ hom¢ ihcr¢for¢ th¢ r¢sults will not be comparable with th of a typi1 8wial housing provider. The table below details The organisation'5 value for money metrics for 2025 a]on8side the performance in 2024. 2025 2024 Reinvestment Oh o*lh ov New supply delivered % Gearing Yo F.RITf)A MRI Vo oy. 0% 32.10% 34.IlQ/• 1955.28% 889.42°h He Sheltered Housing £6,520 Care Home Shcliered Hou$in8 Home £44,836 £41,168 £5,908 tln Ma S()¢ial Housing Lettin5 Overall 1.570/0 0.72% 3.170/a 1.88Y. Return on Capital employed 4.210/ 2.27¥ INVESTMENT POLICY Th¢ Trustees have the power to inv¢5t funds not immediately required for operational purposes in Such invcstment5 a$ they think fit. Inve5tm¢nts held by the Woodlands have been acquired in a¢cordonce with ihese powers. There are no restrictions on ihe charity's power to irtvest. however as a Quaker or8anisalion Trustees will ensure that inv¢stments in artnatnents, alcohol and iobacco are avoided along with investments th&t are in conflict with its charitable objECtives.
WOODLAIYDS QUAKER HOME STIL4TEGIC REPORT The charity's investm¢nts Hre managed to opiimise return and Trustees ttdoo a lower to medium risk policy in respect of asset allocation. Reserve$ Pollcy The policy for unrestricted reserves is Tevlewed each year by the Financ¢ & Operations Committee. They en5ur¢ that the lar8et they Set will be capable of:
Providing sufficient workin8 capitsl for budg¢ted operational commitmet Funding responsive action in ihe event of a si8nificant finpn¢ial do%-tUrn Replac1 working ass¢ts they wear out In setting th¢ wgei. the Trnstee Dire¢tors take oc¢ount of any Tisks that might impact on the level of reserves required. They in¢lud¢'. Time needed to implement oper#tion8] response to any significant reductions in income Dependence on and Tcliability of individual income streams Robustntss of the int¢rnal reporting and response method The curr¢nt policy is for unrestricted fjjnds held by the Woodlands to be 3 month5 of resources expended which currently equate5 to around £560,0(K). At this level Trustcc DirecloT5 feel that they would be able to continue the current a¢tivities of ihe Woodlands in th¢ event of a significant drop in iOme Idisruption lo its activities. It would obviously be neeessary to consider how the fvnding would be replaced or activities changed. GOING CONCERN The Trustees Consider that the Woodland$ 1$ well plo¢¢d to m&nage it5 busine95 risks 5u¢cessfvlly. After making enquirie& the Trus*e5 hav¢ a reasonable expectation that the Woodlands has Rdequate re50urce5 to continue in opcrational existenc¢ for ihe fore&ee&ble future. Accordingly, they continu¢ to adopt the going conc¢rn b&sis in PT¢paring the financial sthtements. FINANCIAL IUSK MANAGEMENT The Woodlands activities expose it to a number of potential financial risks including credit risk, ca8hflow risk and liquidity risk. However, the Woodland5 does noi have any significant extemal bOowing$ or exposure to Significant rent arrears so these risks are mitl8&ted. The WoodlHnds princi1 finonci41 &5sets we housing Properties, bank balances and Ca5 r¢n¢ arrears, other receivables and investments. Approved by the Trustee DiTtctor$ on 25th September 2025 ond $lgTred Itj behalf by: P¢t¢r Collard Truitte Director
INDEPEIYDENT AUDITOR'S REPORTTO THE MEMBERS OF WOODLANDS QUAKER HOME Oplnlon We have audited the fingla[ stat¢ments of Wo¢)dlands QuakeT Hom¢ (th¢ 'charity'l for the year erlded 31 March 2025 which ¢ompri5e ihe Statement of Comprehensive Income. the Statement of Financial Posiiion, the Statement of Changes in Reserve5, the Stat¢m¢nt of Cash Flows and notes to th¢ financial stai¢rnent5, including a sutTllnary of significant accounting policie5. The financial reporting framework that has been appliEd in their preparalion is applicable law and United Kingdom Accounling Standards, including FRS 102 "The Financial Reporting StaThdard applicable in the UK and Republic of Ireland" (United Kingdom Generally Accepted Accountirtg PrtiCe}. In our opinion, the financia] sthtements:
give a true and fair vi¢w of the stth of ¢h¢ ¢harity'5 affairs ay at 31 MaTcb 2025 and of its results for th¢ y¢8r th¢ ended; have been prop¢TIy PTepaTed in accordance with United Kingdom Generally ACpted Accounting Practlce. have been prepared in accord4nc¢ with thc rquir¢m¢n¢s of the Cotnpanies Act 2006. the Housing and Regeneratiorh Act 2008 and the Accounting Direction for PrIve Registered Providers of Social Houshn8 2022. Basls for oplnl•n We conducted OUT audit in accordance wilh International Standards on Auditin8 IUKI (ISAS IUKII and applieable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statement5 section of our report. We ar¢ rndepcndent of the charity in Hccordance wilh the ethical Tcquir¢mcnts ihai aTe relevant to our dudit of the finan¢i&l statements in the UK. including ihe FRC'S Ethi1 Standard and we have fvlfilled our other ethicBI re5ponsibilitie5 in accordBnce with these requirements. We believe that the 4udil ¢vld¢nc¢ we have obtained 15 sufficient hnd appropriate io provide A basis foT our opinion. Concluslonj relgtlTr8 to %olng concern In ayditing the financial statements we have concluded th the Board's use of ihe going concern bosis of UntIng in the preparolion of the fiThancial statements 15 appropriate. Based on the work we have perfornied, we have not identified any mAtsrial uncertainties relatin8 to events or conditions that, individually or collectively, m&y casi significani doubt on the company's ability to continu¢ 45 1 Boing concern for a period of ot I51 twelve months from when the financial staterThents are authorised for issue. Our responsibilities and the responsibilities of the Board with respect to 80ing concern are described in the relevani seclions of this repon. Other lThforniAtlon The Board is responsible for the other rnforniation. The other inforniation cornprise5 the information included in the ann1 report. other than the financi 5tstements and our auditor's report thereon. Our opinion on the financia] statements does not cover ihe other irtforniation ar]d. eKeept to the extent otherwise explicitly slated in our rekN)¢ we do not express any fomi of 8ssuran¢e conclusion thereon. In ¢onne¢tion with our audit of the financial statetncrtts, our responsibility Is to read the other information and, in doin8 so, con5id¢r wh¢th¢r the other inforniotion is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appear5 to be maierially mi55tated. If we identify su¢h materi incon51Stencie5 or apparent material misststements. we we r¢quirtd to det¢nnin¢ whether there 15 a material misstatement in the financial 5taternents or a material mis5taternent of the other information. If. based on the work we have perfonned, we conclude th there is a material misstatement of this other infomiation, we are required to report that fact. W¢ have nothing to rep)rt in this regard. Oplnlons on other mxtter8 pre5crlbed by the Comp4nies Att 2006 lrt our opinion. based on the Work undertaken in the course of the audit= the information 8Lvcn in the Strategic Report and the Trustee Directors Report for the financial ycar for which the financial ststMients are prepared is consistent the fin8nci81 ststemertts. and
INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS OF WOODLANDS QUAKER HOME
the Strategic R¢port and the Twste¢ DirectOTS Report have been wepared in cordN¢¢ with applicable l¢gal requirements. MHtters whlch we Are requlred to report by exeeptknn In light of the knowledge and understanding of the chority and its environment obtained in the Course of the audit, we have not identifled material misstatemeThts in the Strategic Report or the Trustee Directors Report. We have nothin8 to r¢port in respeet of the followin8 tnatters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion.. adequate accounting re¢oTds have no¢ b¢en k¢pt, or r¢tums ad¢quHt¢ for our 8udii hav¢ not been received from branches not visited by us. or the financiBI 5tBt¢m¢nt5 8T¢ nol in agTeement wilh ihe accowiiing records and Telurns-, or certain disclosures of directors, remuneration specific by law are not made- or we have not received all ihe infomiaiion and explanations we require for our audit. ResP01151bllhl¢$ of ¢b¢ Trust¢e Dlr¢¢tors (tbe Bogrd) As explained more fvlly in the Staiemeni of the Boord's responsibilities sei out on page 2, th¢ Board 15 responsible for ihe preparation of the financial statements artd for bein8 5atj5fied th#t they give a true and fair view, and for such internal control AS the Board determines is nrcessary io enable the prepar&tion of financial statements that F4T¢ fr¢e from materi&l misstatement, whether du¢ to fraud or error. In Preparing the financial aleMentI, the Board is responsible for assessing the Charity's ability to contlnue &s a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unles5 th¢ Board ¢i¢her intends to liquidate the ¢h4rity or to ¢¢as¢ operatS0rt4 or ve no reIStiC alierndtive bu( to do so. Audltor'$ responilbllltles for tbe udlt of tbe flnAncl%l statements Our objectives Are to obtain reasonabl¢ a55UTance about whether th¢ financial 5tatcmentS a5 a whole ftre free from m&terial misstaternenl wh¢th¢r due io fraud or error, and to issue an oudiior's rcport that includes our opinion. ReasonAble assurance is a high level of Assurance. but is not a guarantee that an wdii conducted in a¢coTdHn¢e with ISA5 IUK} will lllway5 detect a m4teriY41 miss14tement when li exists. Missiatements ¢an aris¢ fr(Fm fraud OT error and are eonsid¢red malerial if, individually or in the aggreBaie, they could reasonably be expected to influence Ihe economic decisions of useTS taken OTh the ba5l5 ofthe5e financial statements. Our respoThsibility 15 to audit and express an opinion on the finan¢io1 slatements in cordn¢¢ with applicable law and International Standards on Auditin8 (UK). Those standards require us to comply with the Financial Reporting Council's Ethieal Standard. A further description of our responsibilities for the audit of the financial statements is loted on the Financi Reporting Counc(1'5 website 4t www Thi5 de%ription foTrnS part of our auditor's report. Extent to whlch the Audlt was conjldered cApHbie Dfdetectlng Irregulrltlts, Includln% frnlld We idEnlify and a55es$ the risks of material mi55tat¢m¢nt of th¢ finan¢ial stat¢m¢nts, whether due to fraud or error, 8nd then design and prrfomi audit procedures r¢spon5ive io ih05r risk* includin8 obtaining audit evid¢nc¢ tha¢ 15 suffLCLent &nd appropriate to provide a bas15 for our opinion. In ideniifying and addressing risks of material tnisstatement in respect of irreBuloriti¢& including fraud and non- compliance with law5 and r¢gulations, our predureS includ¢d the following.. We obthined an understsnding of law5 and regulation5 that affe the charity. fwusing on those that a direct effect on the financial stat¢ments or ihat had a fijndamental effect on its operations. Key laws and regulations that we identified included the Companies Act, the Statement of Reeommended Praetice for regi#ered housing providers= Housing SORP 2018, the Housing and Regeneration Act 2008, the Accountin8 Direction for Private R¢8isrered Providers of Social Housing 2022, t&x legislatio health and Safety legislation. ond ¢mploym¢nt legislation. W¢ enquired of the Board and reviewed correspondence and Board meeting minutes for ¢vid¢nce of non- ¢ompliallc¢ wrth relevant laws and Te8ulation5. We also reviewed controls the Board havr in place, where necessary. lo cnsure complianee.
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF WOODLANDSQUAKER HOME We gained an understanding ofihe controls that thc Board have in place to prevent and detect fraud. We enquired of the Board about any incidenc¢5 of fraud that had taken place during the ac¢ourtting period. Th¢ risk of fraud and non4ompliance wth laws and regulations and fraud was discussed within th¢ aydit team d tests were planned and perforni¢d to addr¢ss th¢sc risks. W¢ identified the potenti&l for fraud in the following ar¢as: laws related to the construction and provision of social housitt& rognIsing the nature of the ¢ompany'$ 8Ctivilies And the regulated nalure of the charity's tIVItIes. We reviewed financial ststemertts diselosurei and tested to supportln8 documentation to assess complice with r¢l¢vani Ig4WB and regulations discussed above. We enquired of the Board about actual and potential litigation and claims. We perfomied analytical procedurés to identify Any unusual or urttxpe¢ted relationships that might indicaie risks of material misstatement due to fraud. In addressing the risk of fraud due to m&nagement override of intern&1 controls we tested the appropriateness of journal entries and assessed whether the judgements m&de in making accounting estimates were indicative of potential bl&8. Due to th¢ inh¢Teni limitstions of An audit. there is an umvoidable risk that we may not have detected some material misstsitm¢nts in the fIntial statements, even though we have properly planned and perfomied our audit in accordance with gudiling slandards. For example, os wilh any audit. There remhined a higher risk of non-detection of irregularities. as these may involve wllusion. forgery. int¢ntional omi55ions. mi5Tepresentations, or the override of Internal controls. We are not responsible for preventing fraud or nonrfompliance with laws and re8ulations Ind cannot be expecied io dctect all fraud and non-compliancc with laws and re8ulations. Use of the qudit report This report is mad¢ 501¢ly to the ¢harity'5 members as a body in a¢cordpnGe with Chapkr 3 of Part 16 of the Comp?nies Acr 2006 and Chapter 4 of Pan 2 of the Housing and Re8ener&tion Aci 2008. Our audit work has b¢en undenaken so that we mi8ht state to the charity's members those rnatters we are required to state to them in an
uditor's report and for no oiher purpos¢. To the fullest exient permilted by law, we do not accepi or assum¢
r¢spon$ibility ¢0 anyone oihcr than thr charity and the charity's members ts a body for our audii work, for this report, or for the opinions we have fornicd. L*e CHrtwrlghl (Senlor Statutory Audlttsr) For and on behalf of Beeyer and Struthers, Statutory Auditor 20 Colmore Circus Queensway Birmingham B4 6AT Date- 29 September 2025 10
WOODLANDS QUAKER HOME STATEMENT OF COMPREHENSIVE INCOibtE t 31 MHr¢b 2025 Notes 2025 2024 TURNOVER 2aOIO56 2,115,019 Operating costs (2340hOI) (2W66.1169> OPEIL4TING (SURPLUS4DEFICIT 61,45S 48,950 Fi[w¢ income Intcrest payable and financing Costs Chan8es in fair valu¢ of inv¢s¢m¢nts 16J23 (S876) 6J78 12,874 19,7981 (11,2581 TOTAL COMPREHENSIVE INCOME FOR THE YF.AR 40,768 Approved by th¢ TruJt•e Dlrector• 0th 25th September 2025 8nd slsn¢d on thelr behaifby:" Peter Collard- Trustee Dir clo Richard Taylor . Trustee Director
WOODLAIYDS QUAKER HOME STATEMENT OF FINANCIAL POSITION As at 31 March 202S Iyotes 2025 2024 FIXED ASSETS Housin8 properties- cost less depreciation Other property, plartt and equipment Investment prop¢ty InVestMts 1,118353 77.164 184,51KI 363,443 10 I Iv4 Ilb 7270 175,IM)D 316J92 1,743J60 1,719,133 CURRENT ASSETS Inveniories Debtors Cash and cash equiva]¢nts 9,558 113.877 93,039 111.257 95,934 94J29 12 13 216,474 100,520 CREDITORS: AMOUNTS FALLING DUE WITHIN ONF YF.AR 14 (96JIT) (119961) NET CURRENT ASSETS 119,9S7 80W9 TOTAL ASSETS LESS CURRENT LIABILITIES lJ63J17 1,799h92 CREDITORS: AMOUNTS FALLING DUE AWtER MORE THAN ONE YE AR (339,191) 1354,0461 I J2{126 IA45046 RESERVES Restricted reserv¢5 Revenue reserves 61M,819 919a07 581,918 863,728 lJ24.126 1.445.646 Approved by the Trustee Dlreetors 25th September 2025
nd ii8tted on their behglf by:_
Pel lard Trusiee Director Richard Taylor- Trustee Dircc 12
WOODLANDS QUAKER HOME STATEMENT OF CHANGES IN RESERVES For the year ended 31 March 2025 REVENUERESER VES Rtvenue resee5 R¢v¢nu¢ reserves 2025 2024 At l April 2024 SuTpIu51(Deficitl from statement of ¢omprehen5ive incom¢ Transftr {toyfrom restri¢ted reserv&s 863,728 698,956 78,480 122,9011 40,768 124,004 At 31 M4rch 2025 919007 863,728 RESTRICTED RESER VLf The Home Flxtures, nttlngs & garde fund Permanent Resldent's Ddowm¢nt support rund fund TotAI At l April 2024 Interest & Grants r¢ceivable Revaluation of investments 529,770 50,000 16.523 2.148 581,918 16.523 6.378 6.378 At 31 MaTch 2025 536,148 66,523 2,148 604019 The Pennaneni Endowment Fund Set up to preserve the pital base of the home. Th¢ Residents Support Fund was set up to assist residents in severe finan¢iAI difflcullie5 The Fixtures Fittin85 and Garden Fund was set up to fund a project for a unit for more Severe dementia clientg. 13
WOODLANDS QUAKER HOME STATEMENT OF CASH FLOWS For the yegr ended 31 Marth 2025 2025 2024 Notel NET CASH OUTFLOW FROM OPERATING ACTIVITIES 93,454 66,704 CASH FLOWS FROM FINANCING ACIIVITIES Finance income Interest payabl¢ and flnan¢ing costs Housing loan repaid 16J23 {V76) 13.677) 12074 (9.798) (63,735) 6970 (6(IW9) CASH FLOWS FROM INVESTIIYG ACTIVITIES Purch¢ of housing properties Purch&se of other property, pl4nt & e4UiPtnen¢ Soiellpurchase of Investhients) Sale of other property, p14nt & equipment Disposal of housing property (9017) (1&961) (11,710) (48.1861 (SJ80) (74,964) (17,1190) NET CHAf4GE IN CASH AND CASH EQUIVALENTS (1390) 15,705 Calh and cash equlvalents at the be8inThin8 of the year 94J29 7&624 Cath and c&sh equiv4l¢nt5 4t the end orth¢ year 93,039 94J29 A) RECONCILIATION OF OPERATING {DEFICITySURPLUS TO NET CASH INFLOW FROM OPERATING ACTIVITIES 2025 2024 Operating surp]U(der]GltI for thc year Movement in dcbtOTS Movement in creditors Depreciation Movement in capital grants MovEment in inventori¢s 61A55 (17,9431 (23,6461 57,114 (10,975) 699 48.950 6J57 (8,055) 56,4111 110.975) 576 Net cash inflow from operating activities 66,7114 93,454 14
WOODLANDS QUAKER HOME NOTES TO THE FINANCIAL STATEMEIYTS For the year ended 31 March 2025 ACCOUNTING POLICIES Basls ofateounting The financial stat¢rn¢nts are prepared under the historical c05t convention, as modificd to includ¢ ¢¢rtain items at fwr value, in accordance with FiThan¢ial R¢porting Sndard 102 {FRS 1021 issued by the Financial RertilI8 Council and comply with the Acwunting DiTlI0n for Privote Registered Providers of Social Housiog 2022. the Statem¢nt of Recommended Praciice for Regi5t¢r¢d So¢ial Housing Provid¢TS 2018 ISORPI and the Housing and Regeneration Ad 2008. Woodlands Quaker Home is a public benefit enlity IPBE}, as defined in FRS 102 and applies the relevant paragraphs prefixed"PBE" in FRS 102. Thrnover Turnover repre%nts renthl and service ¢haT8e i1)m¢ (net of losses from voids) and is recognised on a r¢c¢iYable basis. Finance income is ¢rediled to the Residents Support Fund, while all changes in fair v&lues of invesknents are redited to the Pemwjent EndowTnent Fund. Operxtlng cost$ The apportionment of employee costs And Professional charges 18 based upon an estimate of time spent. Other overheads are apportion¢d in ihe same ratio as manAgctnent lrIeS. Item$ purchased ¢onsidered as an asset urtder the value o(£200 have not been capitalised. Repalr8 and m8lnt¢n•nce The cost of routine repairs and maintenance is Charged to the Statement of Compr¢h¢nsiv¢ In¢om¢ ?5 incurred. Major work$ #re c&pitalised to the extent that they improvc ¢hc economic benefit of the &88et ihrough an incre4se in rental income, & reductiort in rn4int¢nunce costs or through An extension of the life of the property. Hou$ln8 property Housing property Consists of direct building costs and interest eapitalised up to praetica] completion. The buildings were ¢Tted on land owned by the Warwickshir¢ Monthly Meeting. So¢l•l Houg14g Gr•nti Grants relatLtI8 to &%5ets are reCols¢d as in¢ome on a systemtttic b&sis over the expected uscful life of lh¢ asset. Grants received for housing properties are recwJi5ed inwm¢ over the ¢xp¢¢ted useful life of the housing property 5tDJcturt. Grants rcccived from non-government sources are reco8nised A5 revenu¢ using th¢ perforniance model. Depre¢iA*ion Imp•lrment DepTeciaEion of housing propcrtlC5 is charged 50 as to write down Ihe cost other th8J) lond tts it5 csiiTn&lcd residual vèlue on 8 straight linc blS over the expected useful econornic life of 50 yellrs. Major components in The Paddock flats art treated a3 S¢P8rnbl¢ assds and d¢pr¢¢ia¢ed over their esilmated u5¢fu ¢conornic live5 a5 follows.. Kitchens Bathrooms Lifts External lighting Windows Extrmal tk>or5 Boilers & ¢entrnl heating 20 yellr5 30 yefjrs 25 years 30ye 30 ycars 30 years 20 years 15
WOODLANDS QUAKER HOME NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 21125 ACCOUNTIiYG POLICIES (COP4TINUED) Deprotlotlon ond Impolrmettt IConllrtu¢dl Dcpreeiation of other PTop¢rty, plani & equipment {PP&EI is charged by annual instalmeni$ commencing wilh the year of aequisiiion ai r&es ¢s(imai¢d to off their less any residual value. over the expected useful liv¢s which ure follows.. Furniture and ¢quipmellt The Paddock- l JY• on reducing balance Furniture and equipment The Home- 13¥0 on reducing balance lryt7irn*Ki o[Soclt71 Ho#slMR Propertles Prop¢nies h¢ld for th¢ir social b¢n¢fii ar¢ not held sol¢ly for th¢ inflows tltty gencTAte And are h¢ld for their 5crYice potezjlial. An fyssessmcnt is mttdt at th reportllk8 dale as to wheiher fin indicator of impainnenl exists. If such an indicator ex15t5. an impaimieni &55cssmcni is caTTied out and an c5timatc of the recoverablc amouni of th¢ &sset 1$ m8d¢. Where the carrying amount of a5scI cxcecd5 its T0Veble amount. an impaimieni loss is recogni5ed in surplus or deficit in the Si8tcmeni of Comprehensive Income. The rccoverable amounl of an assel is the hi8h¢r of its value in use and fair valuc le55 COSt5 10 5cII. Wherc a55clS arc held for their serYir¢ poteiitial. v8lu¢ in use is dctcThnined by the present value of ihe 8sw's remainin8 service potrniial plus the nel our1t expEekd to be re¢eiv from lis disposal. Deprcciated replacemcnt CQSt is takcn as a suitablc mwurctnrnl model. An impaiThent loss is reverse41 if the reRsons for th¢ impainnent loss have ceased to Apply and ill¢luded io surplus or deficit in the Siatern¢nt of Compreh¢nsive In¢om¢. l•vt$tm¢n¢ prop¢rty Prop¢rtie$ held to eam ¢omm¢r¢ial r¢ni$ or lor Capital appreciation or both are ¢151r1ed as invcstment proprrt)¢5, Investment propertie5 &re MsUr¢d at fair valuc annually. llnd othy change reco8nis¢d in ih¢ St4lemeni of Comprehensive Income. Inve$lments Investments that ue publicly traded or whose fair vut can be me&sured rellably are measurcd ot fair value with han8¢s in fair value recognised as a stsrylus or d¢fi¢it in th¢ Miem¢ni of ¢omprehen5Lve incom¢. Inv•ntorl Inveniories are v&lued al lh¢ low¢r ofcosi and net realisable value. Cost represents goods Et purLhase itlvolce prlc¢ and ronsi515 of ¢leanin8 produGls fwd slorks 51alion¢ry. TAxotlon Th¢ Woodlands h88 ¢hwitabl¢ sta$ and is therefore noi subject to corporation lax on Lis surplu5. CAsh And ¢ash ¢qulv•l¢nts Cash and cash ¢quiv8l¢nts in hand and d¢tnand deposits. iog¢iher with other short highly liquid invcslments ih&i are readily convertible into known amounts of c&5h and are subjxt to on insi8nific2ni risk of ¢hang¢ in valu¢. FlnaTh¢l•l Instrum¢nts Fin8n¢ial assets and fLnaThcial liabiliti¢S are T¢¢ognis¢d when the Woodlands be¢ome5 & party to thc contractual Provisions of the instnjment. F7llancl•lossels CrtrrIed llmortlsedcosl Fingncial assets e2rried at amortised cost comprise rent mars. trade and other Tec¢iw&bl¢s and cash 8nd wh equivalcnts. Financial etS are Itlltially Tecognised al fair va]uc plus dirtlY ettribythble transaction costs. After initial recognition. they urc measured ai amortised cost l15ing Ihc effective interest m¢ihixJ. Discounting 1$ omitt¢d Wh¢ the efft of discounting 15 irnmaterial. If there i5 objeciive ¢vidence thaL th¢re is an impairnent loss. the amount of the Ios5 15 Ineosur¢d As ihe diff¢r¢n¢¢ bEtween the asset'5 carrying amount and the prE5ent value of 2sl1Tnad future clsh nows discounted at the financial asset's original effective interest rate. The carying amount of the a55et i5 reduced tt¢¢ordingly. 16
WOODLANDS QUAKER HOME IYOTES TO THE FINANCIAL STATEMEiYrs For the yelr eDded 31 MJr¢h 21b25 ACCOUNTINC POLICIFS (CONTINUED) Flllan¢lal Instrurnents Icontioutd) A firwcial asset is derecognised whtft the contractual rights to ihe c8sh flows expiye, or when the financi2] tt nd all substantial risks and reward are trar15ferred. If llrrangement constitu5 a fill¢1ng nsaCtiOn, the finanei&l asset is measured at the pr¢s¢ni value of the future payments discounted ai a markeL r& of ittLerest for a similar debt instrnmeni. FINoelalllablllils ct7rriedal omorti5edco51 These financial liabilities include trade and other p8y8bl¢s fjnd interest b¢aring108ns and borrowings. Non-current debi illstrumeJts which meet the necessary condiiion5 in FRS 102. are initially recogni5cd ai fair value adjusted for any direclly &ttribuiable transaction ¢o$l and subsequently measured a¢ amortio Cost using Ihe effective intCTC51 mcihod. with inieresi-related charges r¢cognis¢d an ¢xp¢ns¢ in fin&n¢¢ ¢os¢5 in th¢ Sthi¢rn¢ni of Comprehensive Income. Discounting is omilled where the etTe¢t of discounting is iMmrI&l. A financial liability is dcrcco8nised only when the contractual obli8Ation is extin8uished, thal is when the obligation is dischged, eaneelled or expiTe& For rent arrears where the arrAng¢m¢tTrt consiituies, in etTe¢L a financing trSaCtIon beuu8¢ of extended ¢redit orr8n8emenlS thc arrc&r5 are me&sured llt the present v&lu¢ of th¢ futUT¢ p&ym¢nis diswunied at an appropriate rnark rate ofinteresi. Peniioft #cheme The Woodlands operates a stakeholder pension sch¢me on behAlf of its employees. Contribuiions arc charged to the Si&tem¢nt of Comprchensive Income as they are made. The Woodlands also makes contribution5 10 the prr50nal pension plan5 of ccnain siaff, which are ¢har8¢d to th¢ Sia¢em¢ni of Compreh¢n$iv¢ In¢ome 9$ th¢y are ade. R¢$trlct¢d ruerv whC rcyerve5 are subjeel lo an ext¢rn81 r¢$iri¢iion they arc srparnt¢ly r¢¢o8nis¢d within r¢s¢rv¢$ 8$ 8 f¢$¢rirtcd res¢rv¢. Revenue ond expenditure is included tn thc Si&temeni of Comprehcn5ive Income and & ITan5fcr i5 made from the revtnuc rc5erve to ihe resiricted reserve. SIGNIFICAiYT MANAGEMENT JUDGEMENTS AND KEV SOURCKS OF ESTIMATION UIYCERTAINITY Thc preparalion of th¢ financial st8t¢rn¢nts rtquires management to mak¢ judgemet) es11m8$ end assumptions that affect the Applicalion of policies and reported amounts of gs5Cts and li&bililie5. income and expense5. The estimates gnd 8ssoLi&Led 8ssumpiion$ are based on historiGal ¢xp¢ri¢nc¢ and vgrioub oth¢T factots that ar¢ belicvcd to be T¢asonablc und¢T th¢ circurnstance5. the rcsults of which fonn the b&sis of making the judBcm¢nts about canyin8 values of assets and liabilitic$ th4( sr¢ not 1]Y AppEretLt frorn othcr sourc. Athal rt5ulis may diffcr from these estimates. EIlaleS and underlying pssumpiions are reviewed on an ongolng basls. Revisions 10 ac¢osJniln8 es¢imat¢s are r0815¢d in lh¢ period in which thc c5timate is revised and in any future periods affe¢d. Copwnenls olhousingproperlles tsndiuefmllives Major cornponents of housing properties have signifith]ily differ¢nt patterns of consumption of economic benefits and estimate5 are made to allocate the initial cost of the property to its major components and to depreciate each component separately over its useful econotnic life. The A5)c1atIon considrrs whether theTC are any indications that the useful liv¢s requiT¢ revision at each r¢portin8 date to ¢nsuT¢ ihat th¢y r¢main appropriats. Th¢ Association's financial stat¢Jnents havE becn prepared on i going concern basis which as5ufD¢S W) ability to continue operdting for the foreseeable future. No significant concerns have been noted and we consider it appropriate to continue to prep8 the Ilnon¢iNi 5t¢ments on a going con¢¢rn basis. 17
WOODLANDS QIJAKER HOME NOTES TO THE FINANCIAL STATEMENTS For th¢ yvAr ended 31 Mar¢h 2025 TURNOVER AND OPERATIIYG COSTS 2025 Operating costs Surplusl Id¢fi¢itl Turnover Socia] housing Idlings (Note 3a) 2276,188 (2,240,401) 35.787 Acllvltles other than so¢lHI hou$ln8 actlvltleg Donations Oth¢r inwrn¢ and gran¢5 6,174 19,494 6,174 19,494 TotAI 2JOI,856 12,240,401) 61,455 2024 Operatin8 Costs Surplusl (deficit) Turnover So¢ial housing l¢ttin8$ {Not¢ 3a) 2.081.139 {2,066,0691 15,070 Aetlvltlei other thAn sodal bou$lrtK 8etlvltles Donations Other income and grants 5,506 28,374 5,506 28,374 Total 2,115.019 {2,066.0691 48.950 18
IVOOTJLAfiDSQUAKERIIOMI F40TE&TOTHE FINANCIALgfATEMEf4TS F•r theyMrod Jl M•r¢h 102J PARTICULALSOFINCOME AND tXPLNDrruRE VROM [ALHoUSNG LtrTING$ Shd¢ffj¥d f•roldw C• foroldpr Ckn Tothl Tth IW369 4QK944 U•SILJ Y8J 11975 In94Y 1099,ZlS 3J90 70,1 lQ.9Y8 Totslkno•mtfrouSDd•lHaJ 187JSI I8.9)1 IJ741 177.gJ4 IM4J77 I,?j 40.516 IJH701 OJ67 ZIIM7 8S,74J 14 Mw1¢nO ¢xpMdiDJ Rant from hd&b x?17 34J $9.1•1 53WI 5YJ49 IMMIY IMS1,944 IJ40MOI 179040 IW6A29 I66 Optrthi{delldIyknryl•n sod 3S717 {I,Mi 1&774 .194
WOODLANDS QVAKER HOME NOTES TO THE FINANCIAL STATEMENTS For th¢ year ended 31 Mareb 2025 UNITS IN MANAGEMENT 202S Nurnber 2024 Nutnber Shcltcred IM)using for older people Care hom¢5 25 45 25 45 70 70 FINANCE INCOME 2025 2024 Dividend$ ort inv¢stments Intuest on bank deposits 16,477 46 12129 45 16,523 IU74 INTEREST PAYABLE AND FINANCING COSTS 2025 2024 No$lg Repthyable whglly or partly ifb more thwn fiv¢ ye5 S076 9,798 20
WOODLANDS QUAKER HOME NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 Mareh 2025 STAFF COSTS 2025 2024 Wages and SAlaries Employers national insurance Perhsion contributions 1.472.858 lJ33,978 87J68 34983 38564 ,622,1123 1,456J29 Number Number Ar08e number ofemploy¢e Man8gement and AdministrAlion staff Care & SpiNney 5t&ff Support staff Paddock staff li 41 16 40 16 69 68 The Trust¢¢ Director5 did not receive any remuneralion. There are no st&ff who e¥rt more thwn £60k per annum. therefoTe ¢he bandln8 dls¢losures &s sd out in the 2022 Accounting Direction for such employees, are noi required. OPERATING {SURPLUS)IDEFICIT 2023 2024 rhe op¢r(4¢ing (surplus)deJlclt Is slaled after clrgIng/[CredI¢lKO.' Depreeiatlort - leased gssets . owned a55ets LO on di5P0$41 of fixed assets Auditor'5 remuneration Amortisation of 8ov¢mm¢nl 25,122 31,992 23.100 31 JOI 8.490 (10,975) 8,160 (10.975) 21
WOODLANDS QUAKER HOME NOTES TO THE FINANCIAL STATEMENTS For the ye4r ertdtd 31 M8rch 2025 HOUSING PROPERTIES- LEASEHOLD UDd¢r CoThstrnctlo Cornpleted Sheltered hovJiDg Care for older hom¢ ppIe Car¢ home Total cosr At l April 2024 Addition5 Disposals in the year 1.860 1.215,555 735,462 1,952,877 6,500 3,317 9,817 At 31 March 2025 1,861) 1222.055 738,779 1,962,694 DEPILECIATION At l April 2024 Charge for y Bliminated on disposal 450,793 346,913 25,122 21,613 797.706 46.735 At 31 March 2025 475,915 368.526 844,441 NET BOOK VALUE At 31 March 2025 1,860 746,140 370353 1.118353 At 31 Mtr¢h 2024 1,860 764.762 388.549 1,155,171 Total expenditure on works to exlsiin8 properties amountrd to £143J73 (2024 £120,402). Of ihi$ expenditure £9,81712024 £0) was capitalised in (he year. The housing properties are held on 1 25 year lease from Central En8land Quaker5 (CEQ). During the year CEQ began the forniNI pmc¢55 to surrender the ¢xistin8 lew 4nd grant a tLeW lon8-temi lease.
WOODLANDS QUAKER HOME NOTES TO THE FINANCIAL STATEMEIYTS For the year ended 3) Marth 2025 10. OTHER PROPERTY, PLANT AND EQUIPMENT Furttitsre 8nd equlpment Sheltered hoysing Cre home TotAI COST At l April 2024 Additions Disposa15 89,659 38J,567 16,961 (7.455) 475.226 16,961 17.455) At 31 March 2025 89,659 395,073 484,732 DEPRECIATION At l April 2024 Charge for year Elirnirted on di$po$41 77,962 1,640 324,694 8,739 (5.4671 402.656 10.379 {5.467) At 31 March 2025 79,602 327,966 407,568 NET BOOK VALUE At 31 March 2025 10,057 67,107 77,164 At 31 mAh 2024 11.697 60.873 72.370 Il•. INVESTMEIYT PROPERTY VALUATION At 31 March 2024 175000 Change in Fair Value 9.500 At 31 2025 184,500 The investment property, which is Icaschold, wa5 valucd to fair value at 31 March 2025, based on a valuation undertaken by Nick Tart Este Agents, an independent vAluer with recent experienc¢ in the lo¢*ion ¥nd ¢l&ss of investment property being valued. 23
WOODLINDS QUAKER HOME NOTES TO THE FINANCIAL STATEMENTS For the ye8r ended 31 March 2025 Illk INVESTMENTS 2025 2024 List¢d inv¢x¢m¢nts Fair value at l April 2024 Change in fair value Addition5 In yr Disposals in year Movemenl in cash 185,232 (3,122) 2116,883 (&758) (3W31 10,856 (10,079 14014) Fair value at 31 March 2025 192283 185332 Unllited Inyejtrnents Market value at l April 2024 Di5posa]slrevaluv4tions Fair value at 31 MaKh 2025 Long tern c4th d¢posits 171.160 131.100 Totsl 363A43 316J92 Ilc. INVENTORIES Food, cleaning products and stationery 21)2S 2024 9A58 10.257 12. DEBTOIL8 2025 2024 Fees in &rr¢8rs (The Homel Other debtor5 Pr¢paym¢nts and a¢crued income 92,262 102 69,132 125 26ffi77 113,877 95.934 13. CASH AND CASH EQUIVALENTS 2025 2024 Business premium COUnt Welfare furtd accounts Paddock Tenants Association Account Cash in hat 71,n5 19,YJ8 73J23 19,031 342 1,733 1,716 93,039 94J29 24
WOODLANDS QUAKER HOME NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 Marth 2025 14. CREDITORS: AMOUNTS FALLING DUE WITHIN OIYE YEAR 2025 2024 Housing loans (note 15) Ftts in advance (The Home) Other taxation and socia] security Other creditor5, deferred income and rual5 Quaker Housing Trust loan Inote 151 Governm¢nt Grants (note 161 lJ46 8J21 25254 48088 2J33 10,975 iJ44 18.902 23J86 63,021 lJ33 10,975 96J17 119,96) I& CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 202$ 2024 Housing loans Quttker Housing Trust IoAn Government grants (note 161 36,909 2J33 299,949 3&455 4.667 310.924 339.191 354,046 The Housing loan 1$ secured on The Paddock Flats and Is repayable over slxty years from l January 1980, the rate of interest char8¢d b¢in8 14.3%. The Quaker Housing Trust loan 1$ interest free repayable in equal annual instalments over 15 years from March 2013 2025 2024 The I[$ are repayable IK IlaIMeI$ due asfollows.. Within one yettr or less 3,879 3ffi77 More than one year bui noi more ihan two years More than two years but not more than five ye More than five years 3079 8Jll 29,977 7,IlJ5 27271 42J66 46JH4 25
WOODIAIYDS QUAKER HOME NOTES TO THE FINANCIAL STATEMENTS For the year ended JI M#reh 2025 I& DEFERRED INCOME- GOVERNMENT GIL4NTS 21125 2024 At l April 2024 Grants receivable Amortisation to stat¢ment of wmpr¢hcnsiv¢ in¢om¢ 321099 332.874 (10.975) 110,975) At 31 March 2025 {not¢ 151 310,924 321,899 Amortisation < l year 10,975 10,975 Amortisation > l year 299,949 310,924 The cumulative wrM)unt of SHG received by the Woodlands was £535.431 12024: £535.43II. 17 FINAIYCJAL INSTRUMENTS The carrying values of ihe Association's financial assets and liabilities are set out in ih¢ following rtotes to the ftn8n¢ial 5¢at¢meDIs.' FlnqTJ¢lal aJy¢ts 2025 2024 Me85ur¢d at fair value through Statement of Comprehensive Incom¢ Fixed asset inves¢mrnts Istt noit I I I 363,443 316,392 Mwured at yDdis¢ounted 4mounl rtt¢iv4bl¢ Rent arr¢ars And other debtors (see note 12) 92J64 69.257 Cuh and cash equivY4l¢nts Is¢¢ not¢ 131 93.039 94,329 FIDan¢lal IlabSlltl M¢asur¢d at 4morti5¢d c05t L08ns payable (see note 15) 42J66 46.044 Measured at undiscounted amount payable Trade other creditors (see notc 14) 48,088 63,021 18 FINANCIAL COMMITMENTS At 31 March 2025 the Woodlands had c4)ital commitments as follows:. 2(125 2024 Contra¢ts approved but not contractrd Contracted but not provided 26
WOODLANDS QUAKER HOM NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 M•r¢h 2023 18 FINANCIAL COMMITMENTS {ContlDMed) Total fvture minimum lease paymcnts utKlcr noTrcancellable operating leas¢$ ¥e as follows:_ 2025 2024 PayTtL¢n15 du¢.'- Within one y Beiwe¢n two and five year8 After five yetrs $274 I966 5374 9,IM9 163411 14J23 19 RELATED PARTY TRANSACTIONS Th¢ premises (The Home) from where the Woodlands operates Is leased from the Central En8land Quakers ICEQS) ft¥r the fix¢d t¢rm of 25 years at a peppercorn rent. The CEQS are a related pty by havln8 the powers to nominate and appoint Tru$tK5 to the Board, set out in the Tn1,$ Governing DMent. 27