Company registratlon number. 08582100
Charity registratvJn numbgr: 1154226
Pilton House Trust
(A ¢wnpany limf(ed by guarantee)
Annual Report and Financial Statement8
for the Year Ended 31 December 2023
WESTCOTTS
CHAPTERED ACCOUMTANT¥
& BU5111665 ADVISERS

piiton House Trust
Contents
Referenc8 and A¢thninistratNO Details
Trustees, Report
2to9
Ind8pend8nt Aud￿or8, Report
10t013
statement of Financial Activities
14
Balanre Sheet
15
Statement of Cash Fbws
16
Notes to the Finanu81 Statements
17to31

Pllton Hous• Trust
Reference and Administrative D•tails
J Coates
J Hunt
l Hockin
M NO￿1$
Charfty Reglstratlon Nwnber
1154226
C(In￿nY R•gistration Number 08582100
The charity is incorporated in Enghnd and Wales.
Rogistsrod Offlce
Pilton House
Pitton Street
Barnstsple
Devon
EX31 1 PQ
Audltor
We8tcots (SW) LLP
47 BoutFQrt Street
Bamstap
Devon
EX31 1 SQ
Page 1

Pilton House Trust
Trustoes, Report
The trustees who are also director8 of the charfty for the purpow of the Companies Act 2006,
present their report with thè financial statements of the tharity for the year ended 31 December 2023.
The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of
Rgcommendgd Practice applicable to charitie5 preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective 1
January 20151.
OBJECTIVES AND ACTIVITIES
Objectives and alms
The objectNes and aim of Piltrjn Hou39 Tru¥t is the rglief of povety, sickness and old age, in
particular by the proviS￿n of surtablg housing accommodation and nursing homes and the prowsion of
d#y and respite care facilities for eldety persons in Bamstaple the object of improving their
conditions of lrfe.
In setting their objectives and planning their activities, the trustees have given careful consideration to
the Charity Commission's gener81 guidance Dn public benefit. A regular newsletter is preduced by the
Hou8e Manager to update residents and relatives on actiwlies and issues at the House. The website
Is updated to reflect changes in the Home and to promde relevant infomiation for familie5 and
indmduals interested in our services. Fundraising activities aim lo involve the support of the local
community.
A Statement of Purpose has been drawn-up which rs available to resiJents, relatNes and third partkgs
on request.
The charity meets ts objectives by feedback from inspections undertaken by the Carg Quality
Commission together with regular feedback from the residents and Ihgir r8latfV8slfrignds.
ACHIEVEMENT AND PERFORMANCE
Charltable activities
Generally. the year 1 January 2023 to 31 December 2023 ha5 been somewhat less challenging th8n
recent years wth an element of calm following the global pandemic. How8v6r, from the middle of the
year the impact of signrficant inflation and a thallenging recruitrnenl land$￿pe with rising wages
across the sector combined in a perfect stomi to increase costs across the Trust significantly.
Through careful management and creative problem solving, the management team were able to
navigate these headwinds admirabty, only to be faced with the announ￿Ment towards the end ol
2023 of fvrther rises in costs for 2024. not least of all a signrficont increase in the National LNing
Wage for April 2024 again. COVltk19 safety m8asure5 Continued to transition to infection ￿ntrol best
practico once more and the Home was able to feel more like old times for re5iéents. their family and
ftionds. As ah￿9yE, the staff worked tirelessly lo ensure the best and safest seNice was able to be
d81Nefftd to everyone 8ssociated with the Home. We have also further grown the adoption of new
methods of working, the effective use of technology to keep in touch with families and support
healthcare provision, and additional support for staff anej residents as needed.
Page 2

Pilton Houso Trust
Trustees. Report
The excellent care provisic*n pro￿ded by the Tru8t has ensured the Home maintained a heamhy
waiting list of potential residents during 2023. This includ&s a significant number of day care visitors,
who often transition to becoming a resident as lime pregresses. Sadly, a number of olhgr activities
remained suspended for much of this year such as the Memory Café which Usual￿ operates from the
Home ak)ng with regular coffeg momings and some meetings of the Friends of Pillon House were
affected. despite resuming al points in the year. With the ceasing of COVltk19 Ioc31 authority support,
sourees of income remained under pressure with a number of the usual fundraising activit￿3 unable
to b8 completed as they would usually be. Like in prev￿uS years. extraordinary work was required to
ensure Pirton House was able lo meet its needs for the future. As the year continued, we saw a
Biqnificant C08t of liwng increase to wages introduced by the Govemment which would requi￿ further
planning to ensure stsff were not disadvantsged and that Pilton House Trust Could continue to meet
the need$ and expectations of our staff. N&v8rtheless, the Home remained fulty staffed and was able
to operate safely and efFeetively for another year despite these challenges. and against the wider
landscape of reported difficukie5 in many care Settings across the country. Sadty. the Government's
promises of social care fvnding refomi have yel to lead to any tsngible beneffts to the Trust or its
residents and their families.
A considerable amount of training has b8èrt undertaken by staff during the year Ihrgugh 8 mix of
virtual Sessions, è•Learning and in-house trainers. CQC noted nationalty that training in 2020 had
been adversely impadgd by the impact of the pandemic. However, pl￿On House Trust maintained
schedule wrth over 2000 $essiofts delivered for staff during 2023. Thè 2023 programme continues lo
build upon this, including..
Infiuenza and Infaction control. sepsis awareness
Effective and safe use of PPE
Infection Control
Medication
RESTORE 2
Confidentk¥lty
GDPR
Falls Awareness
Leadarghlp Sknlls for Team Leadgrs
10. Effective Communication, Belief and Values
11. Equality and Diversity
12. Safeguarding, PREVENT, consent and the power of attomey
13. Dementia and mental capacity
14. End of Lrfe Care
15. Oral health care including care pkns
16. Pressure area care an¢J management
17. Moving and handling including instructor training
18. Indu¢tions
19. Nulrilion and hydratwJn, special diets induding for Tesidonts with diabete5
20. Person Centred Care
21. COSHH, hand hygiene, food hygiene. bgionella
22. Non-phannacological approaches to Symptom managem8nt
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Pilton House Trust
Trustees. Report
23. Practical fire evacuation and fire safety
24. Fire Awareness Level 2
25. First aid lrnining induding first aid instructors
26. Challenging Behawour
Level 2 and lev813 dplomas in Care fof the majOr￿Y of staff that do not hokl this qUalifirAt￿n
yet
He8￿h and safety including Health and Safety Instructor course8 for more efficient and
flexible delivery of courses within the Home
29. Six staff are eompleling NVQS in.. Health and Social Care
27.
28.
The OOMPH activities programme, which was introduced in 2018, has continued unabated supporting
many enjoyable actiVTties for our residents e8ch month. Staff continue to receive training in this
programme regular reports on progress that show sustained improvements. Photographs of
some of the wonderful actiVit￿S of resKlenls are displayed in thè Home for all to see, being shared
wrth families and members of the Trust where permissions allow. Technology has continued lo b9
used effectivety to support outside contact with rolatNes and friends when visiting is not possible or
practical. It is Iruty remarkable to visit the Home and see physical actNty sessions for residents who
have limiled mobilty, lo listen to singing and INe music activities and to kjok at some of the treative
endeavours of staff and TesKlents on display throughout the Home. The grounds have been further
developed and now include a large fishpond, ducks, rabbits, and chickens which have been hatched
from eggs. in addition to the more usual dogs and cats that can often b& found exploring the Home
each day. In summer, the area in front of the veranda is awash with colour from the raised flower beds
nd is a true oasis for the residents and staff of Pillon House, as well as providing a beautrful haven
for wikllife. The kitchen garden receive¥ regular attention and is created in a way to be accessible as
possibl8 for residents, allowing Ihem to tend to plants wflh ease.
The Home and grounds are brightened by even more plants and flowers, and residents are able to
enjoy gardening activities should they w¢8h. The Home h88 been able lo welcome back the work
experience programme for l(Kal students this year, having previously been impacted by the
pandemic. The endless work of our staff and volunteers to bgtter the experiences of our residents and
slaff is truly apprecFated.
The staff and managemenl team have continued to streamline processes as part of our GDPR
programme. continuing the move to morg paperless systems, with the vast majorrty of day-lo-day
operations now Supported by technology. A number of new 8yStems whth were introduced including
the move to a drfferent cloud-based medication 8yStem have proven hvJhly effeclwe. The new,
gbctronic HR system was introduced during 2023 and has proven both a great lime saver and much
easier way for all staff to get things done. The feedback kn quality surveys and testimonBIs
throughout the year ha$ been a real recognf(ion of our continued pursuit of excellence in the semce
e deliver to residents, their families and friends.
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Pilton House Trust
Trustees. Report
Fundraising activltles
Income has improved gradualty. not only through a r8Vi$811 feg $yStom bul al￿ due to fundraising
ini(ialives by fn'ends and families of current and fomier resKlents, the care staff and the Home
Manager. However, the refurbishment programme has meant the home has been unable to operate at
full capacity at limes during the year, Thi8, ￿Mbined with the dramatic increase in costs aeross the
Trust, has created a funding shortfall which was not offset as in pievious years by the additional local
authorty funding due to the pandemic. Funds such as those from inve$tments and donations have
been used for projects wflhin th? Home to increase the p0s￿Ve experience of residents. The Home
continues to benefrt from sIgnrf￿nt redecoration and refurbishment of some parts of the Home and
ontinuous improvements throughout the year. The CirGle of Friends group 8SSi8t in fund raising and
other inrtiatives. including the promotion of the Home in the Pilton ares and to lo¢al businesses to
encourage support and donations.
Other actlvities
Repairs were required to a number of exterior argas of the site, resutting in somg ungxpgcted
expenditure. Due to the age and historical significan¢& of the building, this has required Listed
Building Consent and has ￿entifIed repairs from decadgs oadier which were not suitable. Woth to the
front porch and entrance is ongoing, awaiting decisions from the Local Authority, btrt projects such a8
these create incredible strain on the charity's alfftady light budgets. Repairs are often also required to
parts of the structure of the main building including wndow5 and dDors. Maintsining quality facilrties in
an historiG Gradepll Listed buikling such as Pitton House oftgn comes at a greater expense and
creates morg Complexity for the management team than would be found in a purpos&bu1￿ Home. BLrt
living and working in Pillon House is one of the most unique and much-loved benefits of the seNices
we provide, bringing joy to our residents and stsff alike. 11 18 a truly special place with a tremendous
history.
An employee assislance prograrnrne which was introduced in January 2019 and includes Face to
Face Counselling and Cognitive Bghavioural Therapy {CBT), combined with a 2417 support seivice.
nlinues lo be well used by 8tsff. This is offered free of charge to staff and their immediate families in
order to provhde greater care and support to OUT valued team. Combined wilh the wider support
offered in the area, and national programmes, staff have had 8 range of support structures that could
be accessed if required. Without the support, dedication. ￿Urage and detemiination of the staff at
Pif(on House Trust, the Home would not be able to flourish in the way that it has.
Anunal èxpedences. travelling farm visits and many anunal encounters for residents and staff at the
Home, were all able to continue in 2023. Combined with our internal actwf(ies programme. abty
supported by a nUrn￿r of our staff lall superslarsll. the Home continues to be a Ihriwng centre of
iwty for our residents. Our person-centre(l approach with the personalisation of bedrooms and
indoor areas to make the Home more reflectwe of the ta5ts5 and wishe8 of our residents has
continued, including redecoration when needed.
FINANCIAL REVIEW
Prlnclpal funding source8
Funds are gengrated by the charty through residents, charges. obtaining grants, Rceiving donations,
investment incom8 and undertaking other fundraising activ(Éies.
Res8r¥es pollcy
The trustees have indlcated that they wish to keep a minwnum of four months, reserve in hand at all
times, preferab￿ six months rfthis IS Possible.
Total income for the year amounted lo £1,265,637 {2022.' £1.200.834}. £4.800 (2022.. £ 33,354) of
whtch was specif￿lty directed for utilisation t¢)wards restricted expenditure.
Page 5

piiton House Trust
Trusteas. Report
Personnel expendriure relating lo salaries and pension contribulions remains by far the single largest
area of expenditure, amounting to £979,316 {2022= £ 900,051)-
Totsl res8rves at the end of 2023 amounted to £1,247,809. This indudes fixed assets of £1,129,763
and net current assets of £118.046. Restricted reserves amounted to £9,906
FUTURE PLANS
In 2023, the Home's management team ¢onllnued to support the development of individu81
department teams responsible for drfferent areas of the Home and business Ihrough training and
greater autonomy, improving efficiency and allowing us to better adapt to th& budget constraints that
were experienced during the year. This included some changes ot Fersonnel to support these
changes.
The number of indTrMduals and families u8ing our 8eMce8 continues to remain healthy and, with long
waiting lis15. this shows no sign of changing during 2024. The management team hope to increase the
level of day care pwsion the Home is able to provide to members of the k)cal community during the
year ahead, although this already represents a healthy proportion of the Home.
Giwng the ¥ignffic8nl ongoing costs of maintenance and repair, and further raises to the National
Living Wage during 2024, it is ckar that a revised fee Structure wll be required in order to keep the
Home 8U8tainably fundad for the immediate futur8. Plans are in place to revise the fee structure for
2024.
The Trust m8intain8 a desire to increase the level of re8erv68 w6 have for the future. Despite an
established programme of planned maintenance. unexpected costs continue to pr&sènl themselves
each year and, in the face of the pandemic, the Homg must continue to be in a position to respond to
these costs as the need arises.
The $tsff are our key to suwe85, and we mu8t wntinue to ensure their training needs are met to
achieve thg highost standard of care. Thi¥ indude¥ the level of care and support given to stsff both
personally as well as professionalty. Onty happy and well supported stsff will provide our residents
with the best possible care. and this 15 80mething we recognise and 18 at the heart of everything we
do.
Achieving the balance btheen the cost of care and financial viabilty is impgrative and only p)ssible
at present because we ar& a non-profft making organisat￿n.
FEEDBACK FROM RESIDENTS, VISITORS AND STAFF
Included below are a selection of comments receNed during 2023".
Famlty mgmbor5
'Thank you 811 $0 much for your kindn8SS 8nd support gwen to mum at what had b8come a dfficult
and tmubling timè in her Irf8. Without your patience and undérstanding It would have bgen
unimaginable. I know she gained comfort and companionship from you all.
My family wish lo th8nk you all for the way you h8v& treated [residentJ. You never fai7 in your voGalion
lo rneet all the needs of the ￿sidents.,
'1 wanted to thank you 8nd yourteam 898in for the exception81 care Ih8t mum rec8ived whi7e she was
underyour at Pilton House. In the last few days of her lrfe, whgngver I visitgd her, I was struck by
how kind, professional and compassionate each of your colleagues were lo me. 7his made such a
huge dnYeTrnce sUppO￿ng us through this emotion818nd upsetting time.,
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Pilton House Trust
Trustoes, Report
Th8nk you for showing us 811 around on Fiiday, we all felt it Was such 8 Posit￿ eXPWi8nce and we
h8d such 8 lovely feel on enteiyng and whilst being shown around. As you know we had another care
home visit later in the aftemoon and we all foft that your care 1￿me would be the ideal ftsidence...
'This comes with our gratstude to you all for the comp8ssionale and TrspoGtfvI way you caTrd for
[￿s￿￿ntI in his fin81 d8ys. You all mado a hugg differpnce- we couldny have managed without you.,
We wish to extond our heartfelt thanks to Pilton Housa for excellent Care [r￿dent] has r8¢ewed
during his bme theTr.'
Th8nks to ev8ryong at Pdton Ht)uso lorh81ping to mak& it a wondgrful 90th birthday formum.,
Thank you 80 much to the staff lor taknng mum out to the pub. Sha absolutely loved it.,
'1 cany tellyou how gfatefvl l am se8ing herso happy and w811 cared forbut alw in her81emgnt. Much
gTrtilude.'
'1 would like fo thankyou and all the st8ff forthe wond8rful carg and kindn88s you have shown.,
'18m vgry mindful of811 thè 8m8zing wortcyou h8V8 done over the years.,
I'm Éhnlled to de8th. I go to bed 8t nWt not wor￿n9 anymo￿ because I know how w￿1 looked efter
mum is..
The inilial adjusfment time b moving Info care 8nd the &xcellent support and Unde￿18ndIng gwen by
C8Ke staff has been the factorin this ch8np.'
Thank you so much formaking mg feel ptsrt oflhe team. It m88ns the wortd..
Thank you forallyourencouragemenl and support. It ts gre8t to be 8 part ofPitton tHtsusèJ.'
I have thon)ughly enjoyed the past $8Vgn years at Pilton House and l am grateful for the opportunities
for prOfesS￿nal development and gmwth that I have been afforded during my time here. The
expeiiences and skffls I've gained hève been invalu8ble to me, I beI￿ve they have contribut8d to my
per30n81 and c8reer development. I would like ft) take this opportunty to express my heartfèlt thanks
to YOU and the entire te8m at Pilton House. It has been g pl88suTr working with such a tsbnted and
dedicated gnwp of Indiv￿Ual8. I will genuinely rn￿S the camarddeiye and the f17endships ltre f0rn78d
over tha ye8fJ.'
'1 wanted to expre￿ my hgardg11 grdtitude for your kindness and support. Your patiencg and
und￿￿tandIng me8n 8 lot lo me, especialty constdering the brief time we have known e8ch other. This
job holds immense importance as rf seNes as the bedrock Ofstab￿llY forboth me and my f8mily, and I
am g8nuinely grbteful for the opportunity You￿8 granted me.,
Page 7

piiton House Trust
Trustges. Report
STRUCTURE. GOVERNANCE AND mANAGEmE￿r
Governlng document
The charity 1$ controlled by its governing document, a deed of trust, and constitutes a Iwnrted
company, limrted by guaranlge, as defined by the Companies Act 2006.
Recrultmerrt and appolntmont of new trustses
Trustees have historicaliy consisted of at least 5 and not more than 15 individuals. Akhough there are
orty currentty 4 acting tnjstees. there has been a concerted efft>rt in rgcenl years to advgrtise and
appeal for potential new trustees lo come forward, in addf(ion to making use of the ne￿rkS of
existing trustees. whi￿ trust￿ numbers h8ve been maintained, which is encouraging. no new
trustees have been added during the year. Largely this reflects the general national trend which has
seen volunteer number3 signfficanlly declining irb re￿nt years.
One third of the trustees must retire at each AGM, those bngesl in office retiring first and the choice
betsveen any of equal service being made by drawing lot5. Except on rotation a trustee may be
appointed at a general meeting bul only if there is a vaeancy and helshe is recommended by a trustea
or a mernber has gNon the required noti¢e of prop05al with written ￿nfiM1atlQn of willingne$$ to bg
elected a trustee. Al trusl8e¥ must have a satisfactory and up lo date Disclosure and Barring SeM¢g
check in order to rfjmain a Irustge.
Oryantsational structure
Mrs R Jenner Ash is the Home's registered manager and manages operational issues day to day.
She is supported by an assistant manager, heads of department and a group of team leaders.
The Irustee8 meet al regular monthty meetings, where 811 significant issues are discussed and agreed.
The trustees guide the Home Manager on a regular basis which enables the trustees lo maintsin the
overall management of the House.
Related parti?s
No trustee may take part in any di8CU88ion or deci8ion where they have a conflict of intere8t and
where the outcome of that decision may be to th& bènefrt or detriment of themselves, their relatives.
friends or employers. Thgir intgrgst, rF such circumstsnoes should arise, musl be made known to the
board.
Rlsk managemont
The trustees have a duty to identtfy and review the risks to whkh the charity 18 exp¢)sed and lo ensure
appropriate controls are in place to provide reasonable assurance against fraud and error. Risk
management policies have been producèd by the trustees.
Th6 major risks to wh￿h the charity is exposed, as identrfied by the trustees, relate to the
management of the inveslmenls. the managemenl of the business on a daily basB with delegated
responsibilities passed from trustse5 to the management and staff, financial risks and reputational
risks. The trustees have remewed Ihese risks and contingency plans have been established to
mitigate these risks.
Small companies provision 51atem•nt
This report has been prepared in accordance with the small companies regimg under tho Cornpanies
Act 2006.
Pago 8

Pilton House Trust
Trustees. Report
The annual report wa8 approved by the trustees ol the chanty on
b8half by..
M Noiris
Tnjstee
Page 9

Pilton House Trust
Independent Auditorfs Report to the Members of Pllton House Trust
Oplnlon
We have audtted the financial statements of Pikon House Trust {the 'charity'l for the year ended 31
December 2023, which compris8 the Statement of Financial Activities. Balance Sheet, Statement of
Cash Flows, and Notes to the Financial Slatemenl8, including a summary of S￿n-￿tartt accounting
poliaes. The financial reporting framework that has been applied in their preparation is Unfled
Kingdom Accounting Standards, comprising Charities SORP - FRS 102 The Financial Reporting
Stsndard applicablg in the UK and Republic of Ireland, and appllcable law Iunlted Kingdom Generally
A￿ptfjd Accounting Practtce).
In our opinion the financial stslements-
gNe a true and fair wew of the state of Ihg Gharty's affairs as at 31 December 2023 and of its
incoming resources and appli¢atw)n of resources, including its income and eypendilure. for the
year then ended..
have been properfy Prepared in accordance with United Kingdom Generally Accepted Accounting
PraCt￿e., and
have been prepared in accordance with the requiremenlg of the Ce)mpanies Act 2￿6.
Basls for oplnlon
We conducted our audit in accordance with Intemational Standards on Auditing (UK} {ISAs IUKI) and
applicable law. Our responsibilrties under thos8 stsndards are further described in the auditor
re$ponsibilities for the audit of the finanual statements 8ection of our report. We are independent of
the charity in accordan￿ with the ethical requirements that are relevant lo QLEr audit of the financial
statements in the UK, including the FRC'S Ethical Standard. and we have fijffilled our olh&r olhical
responsibilities in accordance wth Ihese rgquirement5. Vve believe that the audit evidence *YJ have
obtsined is SLrfficient and appropriate to provide a basis for our opinion.
Conclusions rnlatlng to golng concem
In audf(ing tho financkgl statements, we have concluded that the trustees use of the going concem
basis of accounting in the preparation of the financlal statements 1$ appropriate.
Based on Ihg work we have performed, wo have not identified any material uncertalntie8 relallng to
events or conditions that, individualty or collectively. may east significant doubt on the charity's abilty
to continue as a going concern for 8 period of at least ￿}ve months from when the orvJinal financial
statements were authorised for issue.
Our respon¥ibilitigs and the responsibilities of the trustees with respect to going concern are
described in the relevant seth'ons of this report.
Othgr informatk)n
The trustees are responsible for the other infomiatK*n. The other information comprises the
information included in the annual report, other than the financial statemènts and our auditorfs report
thereon. Our opinion on the financial statements does not eover the other inforniation and. ex￿pt to
the extent othe￿1$e explicitly stated in our report, we do not express any fomi of assurance
conclusign thereon.
Pagg 10

Pilton House Trust
Independent Auditorfs Report to the Members of Pilton House Trust
In connection with our audit of the financk41 statements, our responsibility is to read the other
infomiation and. in doing so, consider whether the other infomation is materially inconsistent with the
financial stslements or our knowledge obtained in the audrt or oth¢rwise appears lo be materially
misstatgd. If we identfy such material incon$islencigs or apparent material mi5Stalements, ￿ are
required to determine whether there is a material misstatement in the financial statements or
material misstatement of the other infomialK)n. If, based on the work we have perfomied, we eonclude
that there is a material misslalement of this other infOrmat￿)n, we are required to report that facL
INe have nothing to report in this regard.
Oplnlon on other matter prescrfbed by the Companies Act 2008
In our opinion, based on the work undertaken in the Course of the audf(.'
the infonnats'on given in the Trustees, Report for the financial year for which the financial
ststements are prepared 1$ eonsistent with the financial statements- and
the Trustees. Rèport has been prepared in accordan¢o with applicable legal requirgments.
Matters on whlch we are requlrod to report by excoptlon
In the light of our knowledge and understsnding of the charity and its environment obtained in the
course of the audr(, we have not identified material misstatements in the Trustees, Report.
We have nothing to report in respect of the folbwing matter8 where the Companies Act 2006 require8
us to rewrt lo you if, in our opinion..
adequate accounting records have not been kept, or returns adequate for our audit have not been
received from branches not visited by us,. or
the financial statements are not in agreement wlth the accounting records and rgtums: or
certain disclosures of trustees remuneration spe￿fied by law are not made: or
we have noi recewed all the infomialion and expbnations we require for our audlt.
Responslbllltles of trustsos
As explained more fully in thelset out on page l. the Irustees are re$pon5ibl8 for the preparation of
the financi81 stateman18 and for being satisfied that thgy give a true and fair vigw, and for such intemal
control as the tru5tg9$ delemiine is necessary to enable the preparation of financial statements that
are free from material misslalement, whether due lo fraud or error.
In preparing the financial 81atements, the trustees are responsible for assessing the charity's ability to
continue as a going concern, disclosing. as applicable, matters related to going concern and using the
going concem basis of accounting unless the trustee5 either intend to liquidate the charty or to ￿ase
oper*ions, or have no realistic atsmth.ve bul to do so.
Audltor rgsponsibiliti8s for the audlt of the financial Statements
Our objectives are to obtain reasonable as$ur?n¢g about whether the financial statements as a vthole
are free from materia5 misstatement. whether du& to fraud or error, and to issue an auditorfs report
that includes our opinion. Reasonab￿ assurance is a high level of assurance, but is not a guarantee
that an audrt conducted in accordance wlh ISAS IUKI will a￿vayS detect a material misslat6menl
when r( exists. Misslaements can arise from fraud or error and are considered material rf, indNidually
or in tha aggregate, they could reasonably be expected to influence the economic decisions of users
taken on the basis of these financial slatgm8nls.
Pag8 11

Pilton House Trust
Independent Auditorfs Report to the Members of Pilton House Trust
Irregularities, including fraud, are inslances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities. OLrtlined above, to detect material mi5Statements in respect
of irregularit￿. including fraud. The extent lo which our procedures are capable of detecting
irregularities, induding fraud is detailed t•low.'
. We K1enltfied areas of laws and rggulation3 thal coukj reasonably be expected to have a material
gffect on the financial slalemgnts from our general commercial and sector experience and through
discussions with the twstees and other management. We communicated frdenlified 18ws and
regulations throughout our team. and remain￿ alert to any indlcalions of non-compliance Ihroughout
the audit.
. The Trust Is subject to laws and regulations that govem the preparation of thg financial statements,
inGluding finanGial reporting legislation. and other charity legislation. The Trust is also subject lo othgr
laws and regulations where the consequences of non-compliance could have a material impact on the
amounts or diselosures %Mthin the financial statements, including eM￿0yrnent. anti-bribery,
ant￿MoneY laundering and certain aspects of charity legislation.
ving to the inherent limrtations of an audit, there is an unavoidable risk that we may not have
detected some material misstatements in the financi818latementS, even though we have property
planned and perfomied our audit in accordance with auditing standaids. In any audit. there remains
higher risk of non4etection of irregularit*s, as these may invofve ￿llusIon, forg8ry. intentional
omissions, mlsrepresentations, or the override ol internal controls. We are not responsible for
preventing nOn￿ompli8n¢e and cannot be exp8cl8d tc delect non-compliance wth all laws and
regulations.
As part of an audrt in accordance with ISAS (UKI, we exercise professional judgement and maintain
professional scepticism throughout the audil. We also..
Identify and ass9¥5 the risks of material mis$lat8ment of the financial Statements. whetheT due to
fraud or grror, design and perfo￿ audit procedures responsive to those risks, and obtain audit
oyidgnco that is sufficient and appfopriale to provide a basis for our opinion. The risk of not
d81ecling a materi81 misstatement resutting from fraud Is higher than for one resulting from error,
as fraud may iftvo￿e collusion, forgery, intentional omissions, misrepresentations, or the override
of intemal control.
Obtsin an understanding of intemal control rekvant lo the audit in order to design audit procedures
that are approprk2te In the circumstances, but not for the purpose ot expressing an opinitin on the
effectiveness of the tharity's internal control.
Evaluate the appropriateness of accounting policies used and the rea50nableness of accounting
estimates and related dI￿105ureS made by the trustees.
Conclude on the appropriateness of the trustees use of the going concern basis of accounting and,
based on the audit evidence obtsined, whether a material uncertainty exists related lo events or
conditions that may cast 5ignrficant doubt on the charity's ability lo contsnue as a going concern. If
we conclude that a material uncertainty exists, we are required lo draw attention in our audrtorfs
report to the related disclosures in the financial statements or, rf such disclosures are inadequate.
to modify our opinion. Our conclusion8 are based on the audit ev*JenGe obtsined up to the dale of
our auditorf8 r&port. However. future events or conditions may cause the charty lo cease to
ntinue as a going concern.
Evaluate the overall presentation. stnJcture and content of the financial statements, induding the
disclosures, and whether the financial slalements repTesent the underlying transactions and
events in a manner that achieves fair PTgSgntation.
Page 12

Pifton House Trust
Independent Auditorfs Report to tho Members of Pilton House Trust
Obtain suffieient appropriate audit evidence regarding the financial information of the entitbes or
business activilles within the charity to express an opinh)n on the firsancial statements. We are
responsible for the direction, Sup￿lS1On and perfomwnce of the charity audit. We remain solely
responsible for our audit opinion.
We communicate with those charged with governar￿e regarding. among other matters. the planned
scope and timing Of the audrt and significant audit finding¥, induding any 8ignificanl d￿r￿lenCies in
intemal control Ihal we identify during our audit.
Use of our report
This report is made solely to the tharitable companys trustees. as a tody, in Accordance with
Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we
might s18te lo Ihe charity's trustees those matters we are required to State to thèm In an auditof s
report and for no other purpose. To the fullest extent pemitted by Lgw, we do not accept or assume
responsibility to anyone other than th& charitable company and (ts trustees as a body, for our audit
work, for thi8 report, or for the opinions we have forn￿d.
Catherine Williams FCA DChA (
For and on b8haW o*
Westcotts {SWI LLP. Statutory Auditor
47 Boutport Street
Bamstaple
Devon
EX31 1SQ
or Statutory Auditor)
Dale.'.l.i..
Page 13

Pilton House Trusl
statement of Financial Activities for the Year Ended 31 December 2023
(Including Incomo and Expendlture Account and Ststement of Total
Recognised Gains and Losses)
Unregtrlctsd
fvnds
Re8trlcted
funds
Totsl
2023
Totsl
2022
Not•
Incomo and Endowments from:
Donab'ons and legacies
Charftable activities
Inv8stmgnt incc¥ne
Other income
595
1,254,198
5,422
622
4.8IXI
5,395
1,254,198
5.422
622
36,257
1.159.379
4.379
819
Total income
1,260,837
4,800
1.265.637
1.200.834
Expendlturn on:
Charitable artwthes
{1.274.786)
5,523)
1,280.309
1,182,800)
Total exp8ndilure
Gainslllosses) on
investrnenl asset8
11,274,786)
15,523)
11.280,3091
11.182,800)
12,575
12.575
24.302)
Net expenditure
Transfers beknn fund5
11,374)
597
17231
597
12,097)
16,268)
Net movement in fund5
11,971)
11261
12,0971
16.268)
Reconclllatlon of funds
Total funds brought forward
Total fiFnds carrigd fonvard 20
1.239.874
10.032
1,249.906
1,256.174
1,249,906
1,237.903
9,9C6
1,247,809
l of the charity's aC￿V￿e$ derive from continuing operations during the above two perKtsIs.
The funds breakdown for 2022 1$ shoym in note 20.
The n¢)tes on pages 17 to 31 foryn an integral part of these financial statements.
Page 14

Pllton House Trust
(Registration number: 08582100)
Balanc8 Sheet as at 31 December 2023
2023
2022
Note
Fixed assets
Tangible assets
Investments
14
15
935,767
193.996
935,502
178.256
1,129,763
1,113,758
Current ass9ts
Debto
Cash at bank and in hand
16
17
35.405
116,237
20,548
147.038
187,586
131,4381
151.642
Credltors: Amounts falllng duo T￿thIn on¢ year
18
(33,596
Net current assets
118.046
136,148
Not assets
1,247.809
1.249.906
Funds of tho charity:
Rastricted Income lunds
Restricted funds
9,906
10,032
Unrestrlcted income fvnds
Unrestricted fvnds
1.237,903
1.239,874
Totsl funds
20
1,247.809
1,249,906
Th8 financial statement¥ on pages 14 to 31 were appmved by the trustees, and authorised for i88ue
on Q.1-. fy7:.wi.. and signed on their behalf by..
M Norris
Tru¥tee
The notes on pages 17 to 31 fomi an integral part of these financial statements.
Page 15

piiton House Trust
Statement of Cash Flows for the Year Ended 31 Decernber 2023
2023
2022
Cash flo￿ from opgratlng actlvlti
Nel cash expenditure
(2,0971
16,268)
Adjustments to rAsh flow5 from non-cash rtems
Depreciatoon
Investment income
Revaluation of inve$tmonts
18,119
15.422}
112,5951
14,767
14,379)
24.302
{1,995)
28.422
Worklng capltal adjustments
Increase in debtor¥
Increaselldecreasel in fftditors
Net Gash flow5 from opgrating activities
C•sh fl¢)ws from Invegtlng actlvftles
Interest receivable and similar income
Purcha3e of tsngible fixed assets
Purchase of invesknents
Sale of investments
Income from divhlends
16
18
{14,857)
2,158
{12,872)
12.5521
{14.694)
12,998
198
(2,9291
(4,7191
10,550
4,181
14
15
{18,384)
{59.097)
55,952
4,754
Net ¢a$h flows frc*n inve8ting actNitie8
Net IdeGreaselTincrease in cash and cash equivalents
Ca8h 8nd cash equNalents at 1 January
C88h and ¢ash equrval¢nts al 31 De¢ember
116.1071
7.281
130,8011
147.038
20,279
126,759
147.038
116.237
All ofthe cash flows are derived from continuing opgrafjon$ during the above peric¥Js.
The notes on pa9e8 17 to 31 fomi an integral part of these finandal statements.
Page 16

Pilton House Trust
Notes to the Financial Statements for the Year Ended 31 December 2023
1 Charlty status
The charity ￿ limited by gua￿nte9, incorporated in England and Wakn. and consequently does not
have share caprial. Each of the tW8tees is liable to contribute an amount not exceeding £10 t0￿rdS
the asset5 of the charity in the event of liquidation.
The address of its registered office is..
Pillon House
Pillon Street
8amstaple
Devon
EX31 1PQ
2 A¢countlng pollcles
Summary of signific•nt accounting policies and key accounting 8stimate$
The principal a￿untIng policies applied in Ihe preparation of these financial statements are set out
below. These policies have been eonsistenlty applied to all the years presented. unle88 Othe￿iSe
statement of compli•nGg
The financial statements have been prepared in accordance ￿th Accounting and Reporting by
Chariiig$'. Ststement of Recommended Practice (applicable to charities preparing their accounts in
accordance with the Finaneial Reporting Standard applicable in the UK and Republie of Ireland IFRS
1021) (issued in October 20191- {Charrties SORP {FRS 1021}, the Finaneial Raportlng Stsndard
applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006.
Basi$ of preparation
Pilton House Trust meets the definition of a public beneffl enlty under FRS 102. Assets and liabilf(ies
ar8 initially recognised at historical cost or transaction value unless otherwise state(1 in the relevant
accounting policy notes.
Going concem
The truste9$ ¢on$ider that there are no material uncertainties about the charty's abilty to continue as
a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by
the charty.
Income and endowments
All income is recognised oncg the charity ha5 entrtlement to the income, it 15 probable that the income
11 be received and the amount of the income receivable can be measured reli8bty.
Pagg 17

piiton House Trust
Nots8 to the Financial Statsments for the Year Ended 31 December 2023
Donations andleg8eles
Donations are recognised when the charty has been nolffied in writing of both Iho amount and
settlement date. In the event that a donation is subject to conditions that require a level ol
performance by the charity before the charity is entrI￿d to the funds. the income is deferred and not
recognised until either those conditiDn8 are fulty mel. or the fulfilment of those condilY)ns is wholly
wrthin the control of the th8rrty and it Is probable that thege condrtions wlll be fijlfilled in the reporting
period.
Grants rncelvable
Grants are recognised when the chartty has an entfllement to the fvnd8 and any conditions ￿nked lo
the grants have been met. Where perfomiance cot)dilion8 are attached to the grant and are yet to be
met, the inKsmg 1$ r8Gognisod as a Ibabilty and inGluded on the balance sheet as deferred income lo
bg released.
Interest on fvnds held on deposit is included when receivable and the amount can be measured
reliably by the Charit￿, this is nonnalty upon notffication of the interest paid or payable by the
bank.Dividend8 are recognised once the dividend has been dedared and notffic81ion has been
received of the di￿dend due.
Exp#nditur•
All expendf(ure is recognised once there is a legal or constwctive obligat#)n to that expenditure, rt IS
probable settlement is required and the amount can be measure(I reliably. All costs are althated to
the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot
be directty attribLrted to particular headings they have been allocated on a basis consistent with the
use of resources, with central staff costs allocated on the basis of time spent, and depreciation
charges allocated on the portion of the asset's use. Other support costs are allocated based on the
spread of staff costs.
Ch4rftsble acdvltl•s
Charitable expenditure eomprises those c05t$ incurred by the charty in the delwery of r(s actsvities
and Se￿CeS for its benefiuaries. It includes both costs that can be allocated directy to such activities
and those costs of an indirect nature ne￿$sary to support them.
Support costs
Support costs include central fvnctions and have been allccaled to actNity cost categories on a basis
con515tent with the use of resources, for example, all¢)Cating propety cosls by floor areas. or per
¢pprta, staff Gosts by the time spent and other costs by their usage.
Governance costs
These include the ¢o$ts attributsble to the chartys wrnpliance with constitutional and statutory
requirements, including audlt, strategic managgment and trustees meetings and reimbursed
expenses.
Page 18

Pilton House Trust
Notes to the Financlal Statements for the Year Ended 31 December 2023
Govemment grnnts
Government grants are recognised based on the aecmal model and are measured at the fair value ol
the asset receNe(l or receivable. Grants are classified a$ reL8ting either to re￿rtue or to a88ets.
Grants relating lo revenue are recognised in incom& over the permid in which the relatgd ¢o$ts are
recognised. Grdnts relating to assets arè recognised over the eXpe￿9d useful life of the assot. Where
part of a grant relating to an asset is deferred, rt is re¢ognised as deferred inwme.
Taxation
The charity is consldered to pass the tests set out in Paragraph 1 Schedule 6 of thè Finance Act 2010
and therefore it meets the definition of a charitab18 company for UK corporation tax purposes.
Accordingly. the charity is potentially exempt from taxation in respect of income or ¢aprtal gains
received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section
256 of the Taxation of Chargeable Gains Act 1992. to the exient that such income or gains are
applied exclusNeW to charitable purpose&
Tanglble fixed as69ts
Tangible assets are initially recorded at cost, and subsequently stated at eost less any accumulated
d&preGiation and impairment k)sses.
Depreciation and amortisallon
Depreciation is provided on tangible fixed assets so as lo write off the cost or valualion, ￿$S any
estim8t6d residual value, over their expected useful economic life as follows..
Asset class
Freehold proFerty
Fixtures and frttings
Equipment
Dgpreciatlon method and rate
1% straight line
15% reducing balance
20% stra(qht line
Flxed asset Investmonts
Fixed asset investments. other than programme relatgd investments, are included at mad(el value at
the balance sheet date. Realised gains and losses on inve$tments are calculated as the ditference
be￿￿en sales proceeds and their market value at the stsrt of the year. or their subsequenl cost. and
are charged or credi(ed to the Statement of Financial Activities in the period of disposal.
Unrealised gains and losses represent the movement in market values during th& year and are
credited or charged to the Statement of Financial ACt￿ltIeS based on the market value at the year end.
Cash #nd tash equlvalents
Cash and cash equivalents ￿mprise cash on hand and ¢all deposit8, and other short-temi hKJhly
liquid investments that are readity converttjle to a known amount of cash and are subject lo an
insignificant risk of change in value.
Fund strudurn
Unrestricted income fund¥ are general funds that are available for use at the trustees discretion in
furtherance of the objectrves of the charity.
Page19

piiton House Trust
Notes to the Financial Statements for the Year Ended 31 December 2023
Restricted income funds are those donated for use in a particular area or for speGffic purposes, Ihg
use of which is restricted to that area or purpose.
Ponsions and other post retlromont obligations
The charity operates a defined contribution penS￿n scheme which i8 a pension plan under which
ffixed conlrrbulions are paid into a pension fund and the charty has no legal or constructive oblvJation
to pay further contributions even if the fund doe5 not hold Sufficient assets to pay all employees the
beneffts relating to empkiyee se￿Ce In the current and prior pgriods.
Contributions to defined conlribution plans ale recognised in the Ststement of Financial Artwitie$
when Ihgy are due. If contribution payThents exceed the contrlbutlon due for servi¢e, the excess is
recognised as a prepayTnent.
Flnanclal Instruments
Classlflcarfon
Financial assets and financial liabilities are recogni5gd when the charty becomes a party to the
contractual provislons of the instrument.
Financial liabilrties and equty instruments are classified accordlng to the substance of the eonlractual
arrangements entered into. An equity in8lium8nt is any contract that ewdences a residual interest in
the assets of the charity after deducting all of ts liabilities.
Recognltlon and me8sur•m•nt
Basic financial in8truments are intholty reGognised al the amount receivable or payable including any
related transactKJn cost$. unless tho arrangement constitutes a financing trdnsaclion, where it 1$
recognised 8t the present value of the future payments discounted 8t a market rate of interest for a
similar debt instrument.
Current assets and current liabllrties are subsequen￿Y measured at the cash or other considerat¢on
expeGtgd to be paid or received and not discounted.
Debt Instrnments
Debt instruments which meet the following condiiions are subsequentty measured at amortised cost
using the effective intere81 method.
Investments
Listed inve51ments are measured at fair value with changes In falr value being recognised in ineome
or expenditure
P￿$ 20

Pilton Hou$• Trust
Notes to the Financial Statements for the Year Endod 31 December 2023
3 InGorno from donatlons and legaci8s
Unrestrlctsd
funds
G?nfjr•l
Rostrlctod
funds
Totsl
2023
Donations and legacies;
Donation8
Grants..
Government grants
595
300
895
4,500
4.500
5,395
595
4,800
Unrestrfcted
fund8
G•nernl
Restrlcted
funds
T¢)tal
2022
Donations and18gacie8',
Donations
2.036
2,650
4,686
Govemment grants
Grants
22,500
8,204
33,354
23,367
8,204
2.903
36,257
Page 21

Pilton House Trust
Notes to the Financial Statements for the Year Ended 31 December 2023
4 Income from charltable actlvltl•s
Unrostrlcted
funds
General
Total
2023
Residents fee income
1.254,198
1.254,198
Unr•strictqd
funds
Genernl
Tolal
2022
Residents fee incoff
1.159.379
1,159.379
5 Inveslment incom•
Unrostrlcted
funds
Generdl
Totsl
2023
Investment dividends
Bank interest receivable
4.754
668
4,754
668
5.422
5,422
UnrestriGtgd
fvnds
General
Total
2022
Inveslm8nl dividgnds
Bank inlere8t receivable
4,181
198
4,181
198
4,379
4.379
Page 22

Pilton House Trust
Notes to the Flnancial Statements for the Year Ended 31 D•camber 2023
6 Olh•r Incomg
Unr8strfctgd
funds
Gèneral
Totsl
2023
pa￿Ing f80$
Sundry income
494
128
128
622
622
Unrnstrictsd
funds
Gener•1
Total
2022
Parking fees
Sundry income
800
19
800
19
819
819
Exp•nditurn on charltable actlvltlos
Unrestrlcled
funds
G8noral
Reslrlcted
funds
Totsl
2023
Note
Direct 8eNice provision
Allocated support co$1$
Govemance costs
1,252,453
16.380
5.953
1,274.786
5.523
1.257,976
16,380
5,953
1,280,309
5,523
Unrestrlcted
funds
Ggneral
Restrictsd
fund8
Total
2022
Direct sgNce pro￿$1)n
kicated support Costs
(3)veman¢e costs
1.135.529
16,226
4,723
26,322
1,161,851
16,226
4,723
1,156,478
26,322
1.182.800
Page 23

Pilton House Trust
Notes to the Financial Statements for the Year Ended 31 December 2023
Analys15 of support costs
Support C081s allocated to charltable actlvtti•s
Charltable
activities
Total
2023
Total
2022
Bookkeeping costs
Investment manogemenl co¥t8
14.400
1.980
14,400
1,980
14.400
1.826
16,380
16.380
16,226
Gov•manca costs
Unrestrfcted
funds
General
Total
2023
Audft of the financkql 818tements
5.953
5.9S3
5,953
5.953
Unrftstrictsd
funds
Ggnoral
Totsl
2022
Audit of the fin8nck81 statements
4.723
4,723
4.723
4,723
9 Net Incomlngloutgolng re8OUVC08
Net loulgoingifincoming resources forlhe year indude..
2023
2022
Audit fee8
Depreckgtion of ffixed a88ets
5,953
18,119
4,723
14,767
fjo Trustee5 remuneratlon and expen808
No trustees, r￿r any persons connectsd with them, have receNed any remuneration from the charity
during the year.
No trustees have rgceiv9d any reimburBed expen8e8 or any other benefits from the charity during the
year.
Page 24

Pilton House Trust
Notss to the Financlal Ststsments for tho Year Ended 31 December 2023
11 stsff costs
The aggregate payroll costs We￿ as follow8..
2023
2022
Stsff costs during the yoar
Wage$ and salarie8
Social security costs
Pension costs
900,388
61.464
17.464
979,316
825,500
58,889
15.662
900.051
The monthty average number of persons (induding ￿nIOr management Ilgadership taaml employed
by the charity during the year was as follows..
2023
No
48
2022
No
Charitable aGtivities
No employee re¢eived emoluments of more than £80,000 during tha ￿r.
12 Auditors. remunerntlon
2023
2022
Audit of the financial statements
5,953
4.723
P40 25

Pilton Hous• Trust
Notss to the Flnanclal Statsments for the Year Ended 31 Decomber 2023
13 Taxation
The charity is a registered charity and is therefore &xempt from taxation.
14 Tanglblo fixod assots
Land and Flxtures and
bu51dlngs
ffttlngs
Equlpm•nt
Totsl
At 1 January 2023
Additions
950,000
39.411
37.951 1,027,3e2
18,384
18,384
At 31 December 2023
950,000
39,411
56.335 1,045.746
Depreciation
At l January 2023
Charg6 for the year
Al 31 December 2023
37.434
9.126
26,029
2.007
28.397
6,986
91.860
18.119
46,560
28,036
35.383
109.979
Net book value
At 31 December 2023
903,440
11,375
20,952
935,767
Ai 31 December 2022
912,586
13.382
9,554
935.502
Pagg 26

Pilton House Trust
Notes to the Financlal Statsments for th• Year Ended 31 December 2023
15 Fixed asset invostsnents
Llsted
inv•stments
Total
Cost or Valuation
At 1 January 2023
Revalual#)n
AdditKJns
Disposal$
At 31 December 2023
178,256
12,595
59,097
155,9521
178,256
12.595
59.097
{55,9521
193,996
193,996
Net book valu•
At 31 Décember 2023
193,996
193.996
At 31 December 2022
178,256
178.256
The historical cost of the investments 8$ at 31 December 2023 is £170,47812022: £141.972).
16 D&bto
2023
2022
Trade debtors
PrePa￿nents
26,941
8,464
35,405
16,369
4,179
20.548
17 Cash and GJ$h oquivalents
2023
2022
Cash at bank
116,237
147,038
18 Credltors: amounts hlling due wjthln one yeaT
2023
2022
Trade creditors
Other taxation and social security
Other creditors
Accruals
12,387
12,157
3,112
5.940
12,246
11,017
3.160
5,015
33.596
31,438
Page 27

Pilton House Trust
Notes to tho Financial Statements for the Year Ended 31 December 2023
19 Obllgations und•r1gases and hlTe purchase contrncts
Opornting l•a8e commitments
Total future minimum lease payThents undgr non-cancellable opgrating leeses are as follows..
2023
2022
other
Within one year
Befv￿n ong and five years
26.265
40.106
86.371
22,890
57.015
79,905
20 Funds
Balance
Other
BalanGe
rfjcognlsgd
at31
galnsl Docembgr
Ilossesl
2023
January I￿t)mIng Rgsources
2023 rg$ources expended Transferd
Unrestricted funds
Genernl
General Funds
Dementia Care
Investment div￿￿endS
Propety funds
Amenities
311,168 1,255,488 11.261.095)
2.315
(3,289)
13,555
912,588
272
11,980)
974
12.575
316.154
4,754
18,309
903,440
(9,1261
1.276
1,239,874 1,260,837 11,274,786
409
597
12,575 1,237,903
Re8tricted funds
Dementia Care
Govemment Grants
Propety Maintenance
Staff
4.325
1.707
4,000
(1,0781
{1,7071
(2,1411
597
3.247
4.800
6.659
597
10.032
4.800
15,5231
597
9,906
Total funds
1.249.906 1,265 637 11.280.309
12.575 1.247,809
Pagg 28

Pllton House Trust
Notes to the Flnancial Statsments for the Year Ended 31 December 2023
Balance
8alance
Other
at31
at1
January Incoming ResourGes
recognisèd Docomber
2022 rosources expended Transfes•insl{10s8081
2022
Unrestrlcted fund8
Ggnoral
General Funds
Dementia Cafe
Investment dmdends
Property funds
Ameniti88
319,586 1,161,296 11,145.414)
2.397
(821
9,407
921,784
(24.3021 311,168
2.315
13,555
912,566
272
4,148
19,2181
1.764
1.253,174 1,167.480 11.156,478
24,302
1,239,B74
Restrlcted funds
Dementia Care
Govemmenl Grants
Property Maintenance
Staff
5,503
24.500
2.751
(818)
{22,7931
11,751}
{360)
4,325
1,707
4,000
3,000
360
10,032
3,000
33,354
26.322
1,249,906
Tol81 fund8
1,256,174 1,200.834 (1.182,800
24,302
Page 29

piiton House T￿￿t
Notes to tho Financial Statements for the Year Ended 31 December 2023
The speryfK purposes for which the funds are lo be appllgd Wre as follow8.'
Dgslgnated funds
The Investment dividend fund 18 usod to provide extra itsm8 to tmprove the wellbeing of rasldents.
The Property fvnd represents the net book value ofthe freohold propgty owned by the charity.
Restricted funds
mment Granjs..
This income is lo support the charty y￿th infection control and the addit￿nal costs of PPE incurred as
a result of Covid-19. There also additional support in respect of retsining and recruiting staff post
P8ndemic.
Dementia Care".
This funding was received to 8Focfficalty support residents in respect of their care for Dementia. The
transfer from the Dementia Care fvnd to the staff fund was for the specific training and 5UPPOrt gwen
to staff in respect of Dementia.
Maint
This is money granted to tha Trust for the specfft us6 for maintsining the prwty.
This grant w85 to support staft with their training requirements
21 knalysls of net ass•ts betr￿ft funds
Unrestrfcted
funds
G&neral
Total funds
at31
D•cemb8r
2023
funds
Tangible fixed assets
Fixed asset investments
Current assets
Current liablllttes
Total net assels
935,767
193,996
141.736
935,767
193.996
157,642
133,596
1,247,809
1.237 903
9.906
Page 30

Pilton House Trust
Notes to the Financlal Statements for tho Year Ended 31 December 2023
Total funds
at31
D•c•mbgr
2022
Unrostrictod
fvnds
General
Restrlcted
funds
Tangible fixed assets
Fixed asset investments
Current assets
Current liabilities
935,502
178,256
157.554
{31,438)
1,239,874
935,502
178,256
167,586
31,438
10,032
Total net 8$$gts
10,032
1.249.906
22 Related party traftsactlons
During the year ended 31 December 2023. the Trust was invoiced £1,917 {2022'. £2,679) by Lineal
So￿are Solution¥ Ltd. Matthew Norris. a trustee in Pilton House Trust is also a director in Lineal
Sothv£re SolLrtions Ltd. As at the year end £328 wa¥ owed by Pilton House Trust to Lineal Sofvare
Solutions Ltd.
Page 31