## **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 orn*tI&l Po11
12
St*tement 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
Infonn*ion.
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¢$5, 8nd we hope
to knld the event each SUTntner.
We received an ¢nd of study payTncnt of £1,200 in February from the AFRIQ Study (Air Filtration to reduce
Respiratory Infection5 including Covid-19 in cere home51 and we intend to participate in further studie5 through the
NlOal Institute for He4]th and Care Researeh.
WOODknVqDS QUAKER HOME
STRATEGIC REPORT
Looking FoTw*rd
In 2025 we will celebrate 80 yeaTS of the Woodlallds. The PTop¢rty was pUha9¢d by WaTwickshir¢ Monthly
Meeting (Central England Quakers) in 1945 and estAblished as a home for the elderly. This really is & mIlese. and
we look forwaTd to many more years of providin8 excellent care and accommodation for older people.
Value For Money
Woodlands Quaker Home is committed to getting the best vhlue for monty in buying 8¢x>ds and services ond also in
how we actually do our wor* so thai we can deliver the right service to our residents and tenonts in the most cost
eff¢¢tive and efficient way. Woodland5 Quaker Home will consult with th¢ users of its s¢rvi¢¢$ 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 Irregul*rltlts, 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.
FINo*elalllablllil*s 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•lHa*J
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
$9.1•1
53WI
5YJ49
IMMIY IMS1,944 IJ40MOI
179040 IW6A29 I66
Optr*thi{delldIyknryl•n sod
3S717
{I,Mi
1&774
.194
WOODLANDS QVAKER HOME
NOTES TO THE FINANCIAL STATEMENTS
For th¢ year ended 31 Mareb 2025
UNITS IN MANAGEMENT
202S
Nurnber
2024
Nutnber
Shcltcred IM)using for older people
Care hom¢5
25
45
25
45
70
70
FINANCE INCOME
2025
2024
Dividend$ 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
C*re
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$41
77,962
1,640
324,694
8,739
(5.4671
402.656
10.379
{5.467)
At 31 March 2025
79,602
327,966
407,568
NET BOOK VALUE
At 31 March 2025
10,057
67,107
77,164
At 31 mAh 2024
11.697
60.873
72.370
Il•. INVESTMEIYT PROPERTY
VALUATION
At 31 March 2024
175000
Change in Fair Value
9.500
At 31 2025
184,500
The investment property, which is Icaschold, wa5 valucd to fair value at 31 March 2025, based on a valuation
undertaken by Nick Tart Est*e Agents, an independent vAluer with recent experienc¢ in the lo¢*ion ¥nd ¢l&ss
of investment property being valued.
23
WOODLINDS QUAKER HOME
NOTES TO THE FINANCIAL STATEMENTS
For the ye8r ended 31 March 2025
Illk INVESTMENTS
2025
2024
List¢d inv¢x¢m¢nts
Fair value at l April 2024
Change in fair value
Addition5 In yr
Disposals in year
Movemenl in cash
185,232
(3,122)
2116,883
(&758)
(3W31
10,856
(10,079
14014)
Fair value at 31 March 2025
192283
185332
Unllited Inyejtrnents
Market value at l April 2024
Di5posa]slrevaluv4tions
Fair value at 31 MaKh 2025
Long tern c4th d¢posits
171.160
131.100
Totsl
363A43
316J92
Ilc. INVENTORIES
Food, cleaning products and stationery
21)2S
2024
9A58
10.257
12. DEBTOIL8
2025
2024
Fees in &rr¢8rs (The Homel
Other debtor5
Pr¢paym¢nts and a¢crued income
92,262
102
69,132
125
26ffi77
113,877
95.934
13. CASH AND CASH EQUIVALENTS
2025
2024
Business premium COUnt
Welfare furtd accounts
Paddock Tenants Association Account
Cash in hat
71,n5
19,YJ8
73J23
19,031
342
1,733
1,716
93,039
94J29
24
WOODLANDS QUAKER HOME
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 Marth 2025
14. CREDITORS: AMOUNTS FALLING
DUE WITHIN OIYE YEAR
2025
2024
Housing loans (note 15)
Ftts in advance (The Home)
Other taxation and socia] security
Other creditor5, deferred income and rual5
Quaker Housing Trust loan Inote 151
Governm¢nt Grants (note 161
lJ46
8J21
25254
48088
2J33
10,975
iJ44
18.902
23J86
63,021
lJ33
10,975
96J17
119,96)
I& CREDITORS: AMOUNTS FALLING
DUE AFTER MORE THAN ONE YEAR
202$
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