Charity registration number 11523721England and Wales)
Company registration number 08462149
SWINNERTON TRUST LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

SWINNERTON TRUST LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr P Whiteman
Mr R Erskine
Mrs S Davis
MrPJETracv
Mrs Kward
Mr P Hextall
{Appointed 26 February
20251
Charity number
1152372
Company number
08462149
Principal address
Manorcourt
Manor Court Road
Nuneaton
Warwickshire
CVII SHU
Registered office
l The Courtyard
Goldsmith Way
Eliot Park
Nuneaton
Warwickshire
CVIO 7RJ
Independent examiner
Burgis & Bullock
l The Courtyard
Goldsmith Way
Eliot Park
Nuneaton
Warwickshire
CVIO 7RJ
Solicitors
Cocks Lloyd Solicitors
Cocks Lloyd Solicitors
Riversley House
Coton Road
Nuneaton
Warks
United Kingdom
CVII STA

SWINNERTON TRUST LIMITED
CONTENTS
Page
Trustees, report
Independent examiner's report
Statement of financial artivities
Balance sheet
9-10
Statement of cash flows
li
Notes to the financial statements
12-23

SWINNERTON TRUST LIMITED
TRUSTEE5' REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
The Trustees present their annual report and financial statements for the year ended 31 March 2025.
The accounts have been prepared in accordance with the accounting policies set out in note I to the
accounts and comply with the Trust's governing document, the Companies Act 2006 and the Statement of
Recommended Practice, 'Accounting and Reporting by Charities" applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of
Ireland IFRS 102).
Objectives and activities
Mission Statement
Our mission at Manor Court Care Home is to provide high-quality, compassionate care for our residents in a
safe and comfortable environment. We strive to enhance the well-being and independence of our residents
through personalised care and support, whilst promoting dignity and respect. We are committed to
maintaining the highest standards of care and service and to continuously improve our care practices. We are
a charitable organisation, dedicated to serving our community and to making a positive difference to the
lives of those we care for.
Values
Compassion: We believe in treating residents with kindness. empathy and understanding. We strive to create
a homely, caring and supportive environment that promotes well-being and comfort.
Respect: We believe in treating all residents. staff and visitors with dignity and respect and recognising and
valuing the unique needs and preferences of each individual.
Excellence: We strive to provide hi8h-quality care and services that meet the needs of our residents and to
continuously improve our standards and performance
Integrity: We believe in being honest, transparent and accountable in all our actions and in maintaining the
highest ethical standards in everything we do.
Independence: We believe in supporting residents to maintain their independence and autonomy as much
as possible and providing them with the tools and resources needed to make their own choices and
decisions.
Teamwork: We believe in working together as a team to provide the best possible care and services to our
residents and fostering a culture of collaboration and mutual support among Staff.
Innovation: We believe in being open to new ideas and approaches and in embracing innovation to enhance
the quality of care and services we provide.
Inclusivity: We believe in providing a welcoming and inclusive environment that respects and celebrates
diversity and in providing care and services that are accessible to all

SWINNERTON TRUST LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH2025
At Manor Court Care Home we provide a wide range of care services to meet the needs of our residents. Our
care services include:
Residential care: We provide residential care to residents who need assistance with daily living activities such
as bathing, dressing and eating. Our staff provide a high standard of care to ensure that residents feel
welcome, comfortable and secure in their new home. Meals are prepared and cooked in-house using only
the best produce.
Dementia care: Staff are trained in the latest dementia care practices and are able to provide tailored
support to meet the unique needs of each ￿SIdent.
Palliative care: Staff provide compassionate and sensitive care for residents nearing the end of their lives.
Ou r team works closely with residents, their families, friends and primary care professionals to ensure that
the resident's end-of-life care is tailored to their individual needs and wishes.
Respite care: Manor Court offers short-term care for residents who need a break from their usual care
arrangements. This can be particularly beneficial for carers who need a break or for residents recovering
from an illness or operation.
In summary, Manor Court Care Home provides a range of care services to meet the diverse needs of our
residents. Staff are well-qualified, highly trained and dedicated to providing the highest standard of care to
ensure the well-being and comfort of our residents.
Employees
We maintain appropriate staffing levels to ensure that residents receive the care and support needed. Our
staff-to-resident ratio is in line with the guidelines set by the Care Quality Commission ICQCI.
Staff qualifications
Our staff are suitably qualified and trained to provide the care and Services required by residents. All staff
participate in regular training and development to ensu re they are up to date with the latest care practices
and standards.
We express our appreciation to all our staff members and volunteers for their commitment to the home.
Strategic report
The description under the headings "Achievements and performance and 'Financial review meet the
company law requirements for the Trustees to present a strategic report.

SWINNERTON TRUST LIMITED
TRUSTEES, REPORT {INCLUDING DIRECTORS, REPORT) {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
hievements and performance
Over the past 12 months the Board has continued with the refurbishment of Manor Court delayed by Covid
restrictions
External Audits
Care Quality Commission
The board were delighted that CQC recognised the home5 commitment to continuous improvement and
awarded the service an overall "GOOD"
Warwickshire County Council Quality Team
The home continues to work in partnership with the local authority and as such remains on the council's
framework for providing socially funded places on a spot purchase basis. irrespective of source of funding be
it private or socially funded all residents at Manor Court enjoy the same high standards of care.
Financial
The home's accounts are independently examined each year by an external firm of Chartered Accountants.
Independent Quality Audit
In addition to statutory inspections by the Care Quality Commission the Trust recognises that quality is
paramount and arranges for quarterly quality audits to undertaken by an external advisor to monitor quality
standard5 and care performance.
Financial review
It is the policy of the Trustees to maintain free reserves at a level sufficient to cover large, unforeseen costs,
which may be incurred to maintain the properties, cover reasonable operating costs and to ensure that the
harity can run efficiently meeting the needs of the beneficiaries.
Total unrestricted reserves amounted to £1.826,812 at the end of the year. The total amount of reserves fund
that can only be realised by disposing of tangible fixed assets amounted to £1,146,942.

SWINNERTON TRUST LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Principal Funding Sources
Funding is predominantly derived from residents, fees either socially funded and to a modest extent self
funding and whilst the balance fluctuates 35 the fees for self funders are greater. this has an impact. A new
contract was agreed with Warwickshire County Council in 2021. The Board have welcomed recent increases
in fees for socially funded residents. Additional funding 15 derived from Investment income, revenue from
the Trust's properties and some contribution from donations.
Legal Advisor
This position 15 now undertaken by Mr Peter Tracy a member of the board. Mr Tracy is a solicitor at Cocks
Lloyd solicitors.
Risk Assessment and Plans for the future
The factors most likely to affect future financial performance or position are the increasing pressure on
operational costs especially the statutory increase in minimum hourly wages rates as f rom April 6, 2025. This
impacts the Charity's ability to generate an appropriate surplus to sustain and improve activities. However
the board is conscious of the very hard work of the manager to contain other costs as noted in the report last
year of plans for the future.
The extent to which this affects the charity's existing activities will depend on local and central government
policy.
The Trustees have assessed the major risks to which the Trust is exposed and is satisfied that systems are in
place to mitigate exposure to the major risks.
Structure, governance and management
5winnerton Trust Limited (the Trust) is governed by its Memorandum of Association dated 26 March 2013.
The Trust is a charitable company, limited by guarantee having no share capital, as defined by the Companies
Act 2006. The liability of the members is £10.
Date of incorporation:
26 March 2013
Registered company number:
08462149
Registered charity number:
1152372
Registered office..
l The Courtyard
Goldsmith Way
Eliot Park
Nuneaton
Warwickshire
CVIO 71U

SWINNERTON TRUST LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
The Trustees, who are also the directors for the purpose of company law, and who served during the year
and up to the date of signature of the financial statements were..
Mrs CJ Moir
Mr P Whiteman
Mr R Erskine
Mrs S Davis
MrPJETracy
Mrs K Ward
Mr P Hextall
(Resigned 3 January 2025}
(Appointed 26 February 20251
The Board very much regret the loss of ourvery long serving Financial Director, Jane Moir, who has died.
Any applications received in ￿SpeCt of potential new trustees are reviewed by the existing trustees and
approved by the main board.
None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the
company and guarantee to contribute £10 in the event of a winding up
Management Committee
This now comprises solely of Mrs S Harris treasurer and Management committee meetings are no longer
held.
Recruitment and Appointment of Trustees, Induction and Training
In an effort to maintain a broad set of skills, the make-up of the board is reviewed at least once a year, during
this time other organisations or people may be approached to see if they are willing to contribute.
New board members attend an induction to familiarise themselves with the charity, the legal context within
which it operates and their responsibilities.
All board members are regularly updated with information pertinent to their role as Directors and on matters
relating to the operation of the charity.
The Trust has undertaken indemnity insurance on behalf of the trustees in the year.
Organisation
Swinnerton Trust Ltd has five volunteer non-executive Directors. who along with the Registered Manager,
also a director, are responsible for the overall running of Manor Court Care Home. This group formulates
policy and procedure.

SWINNERTON TRUST LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Remuneration Policy
As the age profile of the nation changes with a growing number of elderly people with increasing care needs
and expectations, care providers are facing a perfect storm of pressures to recruit and retain a workforce to
meet these changes, including:_
Higher skill standards and associated training costs to develop and maintain those skills.
Blurring of the boundaries between care and nursing, many aspects of care today would have been
considered nursing some years ago.
Market forces, competition for the experienced workforce from other care providers.
Our resident's best Inte￿$t5, keeping staff turnover to an absolute minimum to provide that all
important continuity of care.
Impact of the statutory living wage whilst maintaining pay differentials.
Workplace pensions.
The policy of the Trustees is to maintain a remuneration policy that enables the recruitment and retention of
adequately qualified and experienced staff whilst balancing market pressures against the charities own ability
to pay.
Additionally, the Trust aims to be a good employer going beyond meeting minimum legal obligations to
provide support or help when employees experience difficulties within the work environment or outside.
Volunteers
Volunteers from the local community assist in the homes two major social events the summer Garden Fete
and Christmas Carol Concert,. without the help of volunteers the trust would be unable to stage these events.
The Trust has also benefitted from a significant amount of work in the grounds of Manor Court by the Princes
Trust and the local Community Payback Team, this is greatly appreciated. This work has improved access to
the grounds facilitating resident5 to spend more time enjoying the garden areas.
The Trustees, report was approved by the Board of Trustees.
Mr P Whiteman
Trustee
Date..
27

SWINNERTON TRUST LIMITED
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF SWINNERTON TRUST LIMITED
I report to the Trustees on my examination of the financial statements of Swinnerton Trust Limited (the
Trust) for the year ended 31 March 2025.
Responsibilities and basis of report
As the Trustees of the Trust land also its directors for the purposes of company lawl, you are responsible
for the preparation of the financial statements in accordance with the requirements of the Companies
Act 2006.
I report in respect of my examination of the Charity's financial statements carried out under section 145
of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the
Charity Commission under section 145(5llb) of the 2011 Act.
Independent examiner's statement
Since the Trust's gross income exceeded £250,000 your examiner must be 3 member of a body listed in
section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am
member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connettion
with the examination giving me cause to believe that in any material respect,.
accounting records were not kept in ￿speCt of the Trust as required by section 386 of the
Companies Act 2006.
the financial statements do not accord with those records: or
the financial statements do not comply with the accounting requirements of section 396 of the
Companies Act 2006 other than any requirement that the financial statements give a true and fair
view, which is not a matter considered as part of an independent examination- or
the financial statement5 have not been prepared in accordance with the methods and principles of
the Statement of Recommended Practice for accounting and reporting by charitie5 applicable to
charities preparing their financial statements in accordance with the Financial Reporting standard
applicable in the UK and Republic of Ireland IFRS 1021.
I have no concerns and have come acr055 no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the financial
statements to be reached.
Wende Hubbard FCCA
Burgis & Bullock
l The Courtyard
Goldsmith Way
Nuneaton
Warwickshire
CVIO 7RJ
Dated-

SWINNERTON TRUST LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Unrestricted Unrestricted
funds
funds
2025
2024
Notes
Income from:
Donations and legacies
Charitable activities
Residential care
158
iii
895,917
793,930
Investments
58,274
50,878
Totsl income
954,349
844,919
Expenditure on:
Raising funds
Charitable activities
Residential care costs
21,194
10,208
849,411
838,141
Total expenditure
870,605
848.349
Net income/(expendlture) and movement in funds
83,744
{3,430)
Reconciliation of funds:
Fund balances at l April 2024
1,743,069
1,746,499
Fund balances at 31 March 2025
1.826,813
1,743,069
The statement of financial activities includes all gains and losses recognised in the year. All income and
expenditure derive from continuing activities.

SWINNERTON TRUST LIMITED
BALANCE SHEET
ASAT31 MARCH 2025
2025
2024
as restated
Notes
Fixed assets
Tangible assets
Investment properties
li
621,942
525,000
635,494
525,000
12
1,146,942
1,160,494
Current assets
Debtors
Investments
Cash at bank and in hand
14
57,418
173,584
490,816
92,982
172,096
376,928
15
721,818
642,006
Creditors." amounts falling due within
one year
16
{41,947)
159,4311
Net current assets
679,871
582,575
Total assets less cUr￿nt liabilities
1,826,813
1,743,069
Income funds
General unrestricted funds
Revaluation reserve
1,689,312
137,501
1,605,568
137,501
1,826,813
1,743,069
1,826,813
1,743.069

SWINNERTON TRUST LIMITED
BALANCE SHEET (CONTINUED)
ASAT31 MARCH 2025
The company is entitled to the exemption from the audit requirement contained in section 477 of the
Companies Act 2006, for the year ended 31 March 2025. The members have not required the company to
obtain an audit of its financial statements for the year in question in accordance with section 476.
The Trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records which
comply with section 386 of the Act and for preparing financial statements which give a true and fair view of
the state of affairs of the company as at the end of the financial year and of its incoming resources and
application of resou rces, including its income and expenditure, for the financial year in accordance with the
requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies
Act 2006 relating to financial statements, so far as applicable to the company.
These financial statements have been prepared in accordance with the provisions applicable to companies
subject to the small companies regime.
The accounts were approved by the Trustees on
Mr P Whiteman
Trustee
Company Registration No. 08462149
10-

SWINNERTON TRUST LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH2025
2025
2024
Notes
Cash flows from operating actlvities
Cash generated from/{absorbed by)
operations
20
57,102
146,4761
Investing activities
Proceeds from disposal of investments
Investment income received
11,4881
58,274
1172,096)
50,878
Net cash generated from/lused in) investing
activities
56,786
1121,218}
Net cash generated from financing artivities
Net increase/ldecrease) In cash and cash
equivalents
113,888
1167,6941
Cash and cash equivalents at beginning of year
376,928
544,622
Cash and cash equivalents at end of year
490,816
376,928
11

SWINNERTON TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
Charity information
Swinnerton Trust Limited is a private company limited by guarantee incorporated in England and Wales.
The registered office is l The Courtyard, Goldsmith Way, Eliot Park, Nuneaton, Warwickshire, CVIO 7RJ.
1.1 Accounting convention
The accounts have been prepared in accordance with the Trust's Memorandum and Articles of
Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)" (effective I
January 20191 The Trust is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the Trust.
Monetary amounts in these financial statements are rounded to the nearest £.
The accounts have been prepared under the historical cost convention, modified to include freehold
property and investment property at valuation. The principal accounting policies adopted are set out
below.
1.2 Going concern
At the time of approving the financial statements, the Trustee5 have a reasonable expectation that the
Trust has adequate resources to continue in operational existence for the foreseeable future. Thus the
Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their
charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes
and uses of the restricted funds are set out in the notes to the accounts.
1.4 Income
Income is recognised when the Trust is legally entitled to it after any performance conditions have been
met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the Trust has been
notified of the donation, unless performance condition5 require deferral of the amount.
Grant income is recognised when the Trust is legally entitled to it after any performance conditions
have been met, the amounts can be measured reliably, and it is probable that income will be received.
Residential income and rental income is measured at the fair value of the consideration received or
receivable and represents amounts receivable for services provided.
12

SWINNERTON TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH2025
Accounting policies
(Continued)
1.5 Expenditure
Expenditu re is recognised once there is a legal or constructive obligation to transfer economic benefit
to a third party, it is probable that a transfer of economic benefits will be required in settlement, and
the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity a￿ made up of the total of direct costs
and shared costs, including support costs involved in undertaking each activity. Direct costs attributable
to a single activity are allocated directly to that activity. Shared costs which contribute to more than one
activity and support costs which are not attributable to a single activity are apportioned between those
activities on 3 basis consistent with the use of resources. Central staff costs are allocated on the basis of
time spent, and depreciation charges are allocated on the portion of the asset's use.
Expenditure is accounted for on an accruals basis and has been classified under headings that
aggregate all cost related to the category. Where costs cannot be directly attributed to particular
headings they have been allocated to activities on a basis consistent with the use of resources.
1.6 Tangible fixed assets
Tangible fixed a55ets except freehold property, are initially measured at cost and subsequently
measured at cost, net of depreciation and any impairment losses.
Freehold property was gifted from The Swinnerton Trust and was initially measured at valuation on 22
November 2013. the property wa5 revalued on 18 April 2022 and has been measured at this valuation
at the year-end. All property improvements have been included at cost.
Depreciation is recognised so a5 to write off the cost or valuation of assets less their residual values
over their useful lives on the following bases:
Land and buildings
Property improvements
Fixtures, fittings & equipment
2% straight line
4% straight line
25% reducing balance
The gain or105s arising on the disposal of an asset is determined as the difference between the sale
proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Investment property
Investment property, which is property held to earn rentals andlor for capital appreciation, is initially
recognised at cost, which includes the purchase cost and any direttly attributable expenditure.
Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation
is recognised in profit or loss.
13

SWINNERTON TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH2025
Accounting policies
(Continued)
1.8 Impairment of fixed assets
At each reporting end date, the Trust reviews the carrying amounts of its tangible assets to determine
whether there is any indication that those assets have suffered an impairment loss. If any such
indication exists, the recoverable amount of the asset is estimated in order to determine the extent of
the impairment loss lif any).
1.9 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid
investments with original maturities of three months or less.
1.10 Financial instruments
The Trust has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Trust's balance sheet when the Trust becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amou nts presented in the financial statements.
when there is a legally enforceable right to set off the recognised amounts and there is an intention to
settle on a net basis or to realise the asset and settle the liability simultaneously.
Basicfinancial assets
Basic financial asset5, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the
effective interest method unless the arrangement constitutes a financing transaction, where the
transaction is measured at the present value of the future receipts discounted at a market rate of
interest. Financial a55ets classified as receivable within one year are not amortised.
Busicfinancial liabilities
Basic financial liabilities, including creditors and residents deposits are initially recognised at transaction
price unless the arrangement constitutes a financing transaction, where the debt instrument is
measured at the present value of the future payments discounted at a market rate of interest. Financial
liabilities classified as payable within one year are not amorti5ed.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or service5 that have been acquired in the ordinary
course of operations from suppliers. Amounts payable are classified as current liabilities if payment is
due within one year or less. If not. they are presented as non-current liabilities.
Derecognition offinanciol liabilities
Financial liabilities are derecognised when the Trust's contractual obligations expire or are discharged or
cancelled.
14-

SWINNERTON TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
(Continued)
1.11 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's services
are received.
Termination benefits are recognised immediately as an expense when the Trust is demonstrably
committed to terminate the employment of an employee or to provide termination benefits.
1.12 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall
due.
1.13 Leases
Rentals paid under operating lease5 are charged to the Statement of Financial Activities on a straight
line basis over the period of the lease.
1.14 Taxation
The charity is exempt from tax on its charitable activities.
Income from donations and legacies
Unrestricted Unrestricted
funds
funds
2025
2024
Donations and gifts
158
iii
Income from charitable activities
Unrestricted Unrestricted
funds
funds
2025
2024
Residential care
895,917
793,930
15

SWINNERTON TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH2025
Expenditure on charitable activities
Residential Residential
care costs
care costs
2024
2025
Direct costs
Staff costs
Depreciation and impairment
Residents facilities
Provisions and consumable stores
Rates and water
Light and heat
Repairs and maintenance
Insurance
Cleaning and laundry
Licences and fees
Office sundries
Training and expenses
Utility Hire
Garden and maintenance
Residents entertainment
Staff expense5
Telephone
623,876
13,552
11,362
31,906
2,625
15,413
41,088
17.440
6,028
5,282
13,255
3,463
16,633
18,044
1,056
1,754
4.372
551,219
13,868
10,709
36,650
2,391
52,345
72,440
16,207
6.719
3.807
10,456
1,647
15,780
15,625
1,680
717
3,542
827,149
815,802
Share of support and governance costs (see note 7)
Support
Governance
18,007
4,255
17,983
4,356
849.411
838,141
Analysis by fund
Unrestricted funds
849,411
838,141
17-

SWINNERTON TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH2025
Support costs allocated to activities
2025
2024
Staff costs
Secretarial fees
Professional and HR costs
Governance costs
12,819
2,064
3,124
4,255
11,953
1,790
4,240
4,356
22,262
22,339
Analysed between:
Residential care costs
22,262
22,339
2025
2024
Governance costs comprise:
Independent examiners fee
4,255
4,356
4,255
4.356
Trustees
Reimbursements of £98912024.. nil) were paid to Mr R Erskine in the period. At year end, there was no
outstanding balance12024: nill.
Employees
The average monthly number of employees during the year was:
2025
Number
2024
Number
30
29
18-

SWINNERTON TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Employees
(Continued)
Employment costs
2025
2024
Wages and salaries
Social security costs
Other pension costs
594,373
46,467
10,999
530,475
39,720
8,342
651,839
578,537
There We￿ no employees whose annual remuneration was more than £60,000.
Remuneration of key management personnel
The remuneration of key management personnel was as follows:
2025
2024
Aggregate compensation
52,052
46,591
10 Taxatlon
The charity is exempt from taxation on its activities because all its income is applied for charitable
purposes.
19

SWINNERTON TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
11 Tangible fixed assets
Land and
Property FIXtu￿$. flttlngs
buildings improverner
& equipment
T¢)tsl
Cost or valuation
At l April 2024
575,000
99,553
28,206
702,759
At 31 March 2025
575,000
99,553
28,206
702,759
Depreciation and impairment
At l April 2024
Depreciation charged in the year
17,250
8,625
25,590
3,982
24.425
945
67,265
13,552
At 31 March 2025
25,875
29,572
25,370
80,817
Carrylng amount
At 31 March 2025
549,125
69,981
2,836
621,942
At 31 March 2024
557,750
73.963
3,781
635,494
The carrying value of land included in land and buildings is included at value of £143,750, which is
calculated as a 25% estimate of the total value. The valuation does not provide a specific value of the
land element however the directors believe that 25% is a reasonable estimate.
Land and buildings with a carrying amount of £575,000 were revalued at 18th April 2022 by Broomfield
Surveyors Ltd, independent valuers not connected with the Trust on the basis of market value. The
valuation conforms to International Valuation Standards and was based on recent market transactions
on arm's length terms for similar propertie5. The Trustees are satisfied that the conditions pertaining to
the value were in place at the year-end and, as such. the valuation reflects the fair value at 31st March
2025.
At 3 1 March 2025. had the revalued a55ets been carried at historic cost less accumulated depreciation
and accumulated impairment losses, their carrying amount would have been approximately £415,000
{2024- £422.5001.
12 Investment property
2025
Fair value
At l April 2024 and 31 March 2025
525,000
-20-

SWINNERTON TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
12 Investment property
(Continued)
Investment property included in the financial statements is a six flat converted coach house and thirty
three garages located on the grounds of the freehold property; Manor Court Care Home, Manor Court
Road. Nuneaton, Warwickshire, CVII SHU.
The fair value of the investment property has been arrived at on the basis of a valuation carried out at
18th April 2022 by Broomfield Surveyors Ltd, who are not connected with the Trust. The valuation was
made on an open market value basis by reference to market evidence of transaction prices for similar
properties. The Trustees are satisfied that the conditions pertaining to the value were in place at the
year-end and, as such, the valuation reflects the fair value at 31st March 2025.
13 Financial instruments
2025
2024
Carrying amount of financial assets
Instruments measured at fair value through profit or loss
173,584
172,096
14 Debtors
2025
2024
Amounts falllng due within one year:
Trade debtors
Prepayments and accrued income
38,117
19,301
72,805
20,177
57,418
92,982
15 Current asset investments
2025
2024
As restated
Fixed term deposits
173,584
172.096
The allocation of certain bank accounts have been reclassified to current asset investments in the 2024
figures where they represent fixed term deposit5 With a term in excess of three months.
21

SWINNERTON TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
16 Creditors: amounts falling due within one year
2025
2024
Trade creditors
Other creditors
Accruals and deferred income
6,774
14,575
20,598
15.808
22,725
20,898
41,947
59,431
Other creditors includes £2,337 {2024: £1,504) of funds held on behalf of residents.
17 Retirement benefit schemes
2025
2024
Defjned contribution schemes
Charge to profit or loss in respect of defined contribution schemes
10,999
8,342
The Trust operates a defined contribution pension scheme for all qualifying employees. The assets of
the scheme are held separately from those of the Trust in an independently administered fund.
18 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which
are not subject to specific conditions by donors and grantors as to how they may be used. These
include designated funds which have been set aside out of unrestricted funds by the trustees for
specific purposes.
At l April
2024
Incoming
resources
Resources At 31 March
expended
2025
General funds
Revaluation reserve
1.605.568
137,501
954,349
{870,6051
1,689,312
137,501
-22-

SWINNERTON TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH2025
18 un￿strICted funds
(Continued)
Previous year:
At l April
2023
Incoming
resources
Resources At 31 March
expended
2024
General funds
Revaluation reserve
1,608,998
137.501
844,919
(848,349)
1,605,568
137,501
19 Related party transactions
Transartions with related parties
During the year the Trust entered into the following transactions with related parties:
Expenditure of £15,97312024: £3,370) was paid to Bedworth heating and plumbing supplies Ltd in the
period, a company with which Mr R Erskine is a related party. At year end, there was no outstandin8
balance12024.. £1801.
Mrs K Ward is a Trustee and has received gross remuneration of £45,780 for her role as care home
manager.
Mr P Tracy is employed by Cocks Lloyd Solicitors. who act a5 the official solicitor for the charity. The
trustees believe that any advice given by Mr P Tracy in the year is negligible.
20 Cash generated from/(absorbed by) operations
2025
2024
Surplus/ldeficitl for the year
83,744
13,4301
Adjustments for:
Investment income recognised in statement of financial activities
Depreciation and impairment of tangible fixed assets
{58,2741
13,552
150,8781
13,868
Movements in working capital:
Decrease/lincreasel in debtors
IDecreasel/increase in creditors
35.564
117,4841
{18,5191
12,483
Cash generated from/(absorbed by) operations
57,102
(46,4761
21 Analysis of changes in net funds
The Trust had no material debt during the year.
-23-