Charfty re815tratlon nurnber 1162586 SHipsfoN HOME NURSING ANNUAL REPORT AND UNAUDITED FINANCIAL sfATEMENTS FOR THE YEAR ENDED 30JUNE 2024
SHIPSTON HOME NURSING LEGAL AND ADMIN15fRATIVE INFORWITION Truslee5 Mr D C M Morris Mrs J Carroll Dr G Deakin DrT Preece Dr E McHale MrDJ MOOD Mr J R Morgan Mr I l Beaumont Drcj Rlrwin Mrs M P Sargent tharfty numbor 1162586 ReOrt¢red offi¢e Sulte 7B. Gftyund Floor Offi 50 Stratford Road Shlpston-on-sto Warwlckshlre CV36 4BA Independent wmlner 8urBls & Bullock 23-25 Waterloo Place Leamlngton Spa Warwlckshl CV32 SLA B#nker5 LLoyds Bank 25 Hl8h Street Shipston on Stour Warwickshlre CV36 SAH 5Dlklt¢X5 Lodder5 Sollcitorn LLP Number 10 Elm Court Arden Street strath)rd-Upon-Avon CV37 6PA
SHIPSTON HOME NURSING TrustÈès' rÈport Independentexaminer's port Statement of financial actfvttles Balance sheet io Statement of cash flow5 li Notes to the financial staternents 12-28
SHIPSTON HOME NURSING TRU5TEES' REPORT FOR THE YEAR ENDED30JUP4E2024 The tnthes presènt their annual port and financial statements for the year ended 30Jurne 2024. The financial statèments have been prepared in attordance wlth the accountlng pollcies set out In note I to the finaThcral statements and compty wlth the charlV5 Foundadon Deed dated 19 June. amended 24 Julv 2023, the charlts.es Att 2011 and 'Accoyntin8 and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparlng thelr accounts in accordance wEth the Financlal Reportlng Standard appllcable In the UK and Republlc of Ireland IFRS 1021" leffectlve l January 20191. Obiertib*s and actlvltles Shipston Home Nursing's princlpal objertlve 15 to prowde home nutslng and palliative tarÈ without charge to temiinally ill pjtients in the towns of Shipston on Stour, Wdlesb¢urne, Kineton and the surroundi areas In the distfirt of Stratford upon Avon and adjacent parts of Gloucestershlre and Oxfordshlrè or suth other areas as thetrustees (Ieterml. Further oblectlves of the Charny arp bereavernent 5UPPOrt and the advan¢em¢trt of èducation of nurslng and care staff by provlding tralnlngforsuch staff forthe care of tern1final11I petsons. Our visiw to 'Ensure every adu in our communtty has access to free high-quallty end of Ilfe care èt home. remains unchanged. To further Improve the (are wè offer, we offer a Personal Care servlce to ih05e patients assessed as being wr(hln the last 6 weèks of lrfe. The purpose of thls servSce Is principally to fatilitate rapid hospital dt5charges for patients who wlsh to die at home. Public benefft The trustees haw paid due regard to guidance issued by the Charity Commis5i0n in deddln8 what acuvrtles thÈ charity should undertake. The trustee5 consider the Charity provided an Identifiable public bènèfit evidend through the correspondence and feedback from Its patrnts, familie5 and the incredSble support receiv8d from other stakehdders and supporters.
SHIP5TON HOME NURSING TRUSTEES, REPORT ICONTINUEDJ FOR IHE YEAR EJVDEO 30JUNE2024 Nurslng andcore During the year we met and Cared for 169 Indlvldual patients and thelr tamllles. 103 of whlch were new to cwr SeICe. We tontinue to collaborate well with our other cornmunlty partnets and Warwicksh1 Hospices to ensure that the is a Joined up. con5iStent, high-quallty end-of-life caTe offer uslng all avallable resources. We corrtinue to operats a scheduled day semce from 0800-20j a5 well as the exlstmig overnight care from 220Ck07O). The day servicp is usually a ttvo-person team. comprtsmisin8 a re&'stered nurse and a healthcare asslstant allowing LI5 to provide both nursing and personal care to patients. This allows us to manage the last period of a patlent's Ilfe wlth care, compas55on, and dnIty through a familiar team of stsff. Cornrnents received from patlents and familiès have been very encouraglng, as thi5 approach Improves the overall patient and family experience and oftèn Teduces the need for the IrNclvement of multiple other 38encies. WÈ artively uphold the qualltyservlce standards required bythe Care Quality Comrnissior Icaci, the Charity Commission and other regulatory or advisw bodles. Our airn is always to exceed the minlmuFn Standards set by our regulatots and as such we have created a role for a Quality and Servlce Development Lead. Thts role allows to monitor that the care piovided 15 of the quallty we expect and alned ko the CQC framework and other best prartices. Work1r tollaboratively wth other healthcare, hosp1 partners and local community groups h35 ahvays been rmportant to us. Thls continues in Warwickshlre, worSterShIre and GIoUstershle and provldes us with opportunltles to attend and deliver tralnin8 as well provtding invaluable insight into dlfferent operating models of Ca and income gener*ion. Our pre.bereavement and bereavement 5UPWt servi provldlng counselllnE ftsr bèreaved relatlves as well as patients requlrlng speclalbst emotlonal support before the end of theif Elves corrtinues to go from 5tren8th to strength. We now offer thls Invaluable sUPPOrt to bereaved peokle who are new to us when we have not looked after thelr famlly relative5.
SHIPSTON HOME NURSING TRUSTEES, REPORT (CONTINUED) FOR THE YEAR EJVDED 30JUNE2024 Income Generatlon Funén7i5inq and Communicatlons Our Fundraising and Communications tèam continues to focLES on maintaining exlstlng relètionships wth donors, SUPPOrters, and suppllèr partners and as wdl as managing exlstlng popular events and introducing new ones. Income generatiort is increasingly challenging and very dependent grants from trust funds. legacie5, and other non-planned ifttome. Irre8ular Income rnake5 foretsstln8 and plarthing service improvement investments difFicult. Much effort has also been glven to Identlfying and developin8 new areas of income. 8uilding relationship5 wlth trLtst fvnds and grant-glvlng bodlÈs has proved very successfvl. Sources of income forthe year were as follows.. Dortations 31% Glft Ald Grants Events • NHS Grant WCC Grartt CHC Fundln8 Legacies Other 24% 6% 4% 4% Community Events contiThJe to be a part of mairinIng commuNty awarèness for both patient referrals and income @eneration. The nature of such events is that although they make a net financial contribution on a standal¢Jne basis. there is often a lag betweert the event and the benefit OF thé event both In respett of patient referra15 and additional financial benefits. As usual we are indèbted to our volunteers for thèir help ind support to ensure our profile in ind Eoodwlll of the community maintsined.
SHIPSTON HOME NURSING TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 30JUNE2024 Financial revlew Totsl income generated for the year was £620,277 12022-23: £534.0311. total expenditure wa5 £648.815 12022-23.. £572,869) which generated an operational deficit of £28,538 compared to a deflcit of £38,838 for the same period last year. P051tive movements in investments of £59,476 contrlbuted to an overall net income of £30.938. Overall expendlture increased by £75.946 to £648.815 with nurse stsffing costs accounting for £58,613 of this increase due to increase(l intervention and care levels of patlents we looked after. Income generated from existing ond new grants and trust-8iving organisations rose to £130,293 from £106,553 in the Same period last year, which was extremety pleaslng, particularly wlth the increased demands on thi5 Sector. We tontinue to look for ways to optimise our income, tosts and collaborative approach to partnership working while still upholding the ethics, values. and hlgh stsndaTd5 we are known for. Overall, the Charity MaInS financially healthy, however it is very dependent on exceptional items of Income such a legacies and grants wlthout which the outlook for our future sustainability would be poor and our dependency on using our Reserves would be high. Reserves policy Economic and market uncertaintiÈs contaln to prevail. The Trustees consider the balance Sheet reflects healthy provision for over two years operating costs plus an assumption for closure cost5 in the unllkely event that the Charity must ase trading. Reserves are held to generate Inte$t income and capital retums, provlde lor closure costs where necesSOry and to protect cash balances In excess of the FCA exposure cap. Investmentpolicy Investments continue to be managed by CCLA In thelr COIF Charfties Fund5 which aim to provide a hF8h level of capltal security, a competitlve yield and investments in high quality, ethical portfolios. Market condftlons continue to be volatile, restrIcti performance and growth opportunitie5. Wlth a signrficant decline in inflation and lower interest rates. prospects are Ilkely to be more positive. The Trustees agaln adopted a medium risk investment policy throughout the year. Structurei governance and mano8emeM The charity is controlled by its governing th)cument, a Foundatlon Deed dated 19 June 2015 and updated 24 July 2023. The charily hold5 quarterly meetings with Watwlckshire Hospices and slmilarly wlth bordering Hospi charltles.
SHIPSTON HOME NURSING TRusfEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30JUNE20Z4 Thètrustees who served during theyear and up to the date of slgnature of the financial ststements were: Mr D C M Morrls Mrs I Carroll Dr G Deakin Dr T Preece Dr E McHale MrDJ Moon Mrj R Morgan Mrj J Beaumont Drcj R Irwin M P Sar8ent RecTultmertand opOntmentof trustees Apart ftlr the flrst Charlty Trustees, all Tru5tses remain in offKe for a Peri not e¥edIng )Ive years. Every Trustee must be appoinied for a term of not less than one year and not more than fNe years by a Olution passed at a properlyconvened meetlng ofthe Trustees. Individuals are appointed as Charity Trustees based on their ski115, knowledge and the experience needed for the effectNe management of the Charity. We ntinue to have a resolute and drivèn tèam who are focused or& ensurln8 that we offer a carbng, professional, well-managed seNce which Is easlly accessible to all who need it as well as t)eing finantially Sustsinable in the short to medlum term. We do not take the amount of goodwill and loyalty th15 team has lightty and are grateful for their untsiling support. Salafles of key mana8ement personnel are revlewed annually and apprcwed by the Board. Voltsnteers ond donors We are 8rateful to our volunteers who contlnue to work tlrelessty to ensure that events a well prepared and executed. Without the efforts of vdunteers. we would not have the psence, awareness, and support from our local community. Simllarly, we are intredlbly 8ratehJl for the many Ical personal and corporate donors and 8rant rnaking organisations all af whith hèlp to support us to athieve our vision to ensure that every adult in our community has access to hl8h qualoty end of Itfe ore * home. Trustees Our Trustee5 generously provide their support, vblon, ahd stewardshlp wlthout which the Charlty wtyjld not be the vltal communlty servlce It Is todav.
SHIPSTON HOME NURSING TrUSfEE5' REPORT ICONTINUEDI KIR THE YEAR ENDED 30JUNE21124 Otlwmatte Risk monogement The Trustees have a duty to Identlfy. rthew and mltlgats rlsls to whlch the Charity Is exposed ensurln8 that sufficlent controls are In place to provlde reasonable mltlgatlon and assuran agaTrnst unnecessary lo. The charlty maintains a sk register whlth is re¥Wed at Executive Committee meetings and is signèd off at Board rneetln8S. The trusteE5' Feport was approved by the Board of Trustees. Trustse )èr
SHIPSTON HOME NURSING INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SHIPSTON HOME NURSING I reportto the trustees on my examlnatlon of the financial stdtements of Ship5ton Home Nursin8 (the charftyl forthe year ended 30June 202 Rèsponslbllltl•s and l>ask of report s the trustees of the charfty you ale responslble for the pparatIOn of the financlal statements in attordance with the requirements of the Charitie5 Act 2011 (the 2011 Att). I repxt in respect of my examlnatlon of the charivs financial statements carried out under Section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions gtven by the Charty Commission under sertion 14515llbl of the 2011 Att. Independent examlner's statement Since the charity's gr055 incon7e exceeded £250.OCQ your ejaminer must be a member of a body listed in 5ectlon 145 of the 2011 Act. I confirm that l am quallfted to Undertake the eyarnination beouse i am a member ofthe Assodatlon ofchartered Certthed Accountsnts, which is one of the listed bodie5. Your attention is drawn to the fxt that thè charity has prepared financial statsments in accordan with Accounting and Reporting by Charftles preparing their accounts in accordan with the Financial ReportinB Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference to Actounting and Reporting by Charities.. Statement Df Rètommended Prnrtlce issued C l April 20)5 whi¢h 15 refrrred to in the extant regulatloThs but has now been withdrawn. I vnderstsrtd that thi5 has been done in Drder for finanoal statements to provide a true and fair view accordance with GenerallyAecepted Accounting Pracrice effertive for rewrtiTh8 periods be8lnnin8 ors or after l January 2015. I have completed my examin*ion. I ccrfirm that no fflatters have come to my atteNtion in connection with the examination giving me cause to belleve that in any Tnaterial re5pert'. accounting records were not kept in rèspert of the tharity as requlred byse¢tion 130 of the 2011 Art. or thèfinancial statements do fiot accord wlth those records; or the ftnanclal statements do not comply wth the appllcable requlrements concerning the form and ontent of accounts set out in thè Charities IAccotsnts and Reports) Regulatlons 2008 other than any requirement that the accounts give a trjje and fair vlew which is not a matter considered as part of an independent examination.
SHIPSTON HOME NURSING INDEPENDENT EXAMINER'S REPORT (CONTINUED) TO THE TRUSTEES OF SHIPSTON HOME NURSING I have no Ltsncerns and have come a¢T055 no other matter5 In connectlon with the examinadon to whtch attentSon should be drawn IN thls report In ¢rder to en•ble a proper understsndin8 of the finanoal ststements to be reached. L/ A .. Wendè Hubbard FCCA eur815 & Bullock 2>25 Waterloo Place Leamingten Spa Warwlckshire CV32 SLA 27th JanuBry 2025 Dated:.........................
SHIPSTON HOME NURSING srATEMENT OF FINANaAL ACTIVITIES INCWDING INCOME AND EXPENDITURE AccouTrir FOR THE YEAR ENDED 30JUNE2024 Unrestrlcled PtrIcted funds funds 2024 2024 Totsl Unre5trlrted funds 2023 2024 Notes Income and endowments from: Donatlons and le8ades Charitable activities Other trading a¢ibvlOes Investments OihÈr inttsmè 405.773 88.056 46,524 55.599 7,2 405,773 105,181 46,524 55,599 7,2QK) 333,568 104,267 47,895 42,047 6.254 17.125 Totsl Income 603.152 17,125 620,277 534,031 ExpondFture ¢)n: Ralsln8 funds Charltable 3ctfvltles Other expenditure 126,011 512,568 2.(A)3 126,011 520,801 2,CKJ3 102.986 469,883 8,233 Total expendltwe 8,233 648,815 572,869 NetRaln5111¢)ssesl on invèstments 59,476 59,476 137,4071 Net Inmmellexpendltyre) and mo%ement I fuNI$ 22,046 8.892 30,938 6,2451 As reststsd at l July 2023 1,963,508 I,963. 2,039,753 Fund balanw at30June 2024 1,985,554 8A92 1,994,446 1,983,508 The statement of financial aCEivities includes all galns and losses recognlsed In the year. All income and expenditure derive from contlnulng actlvftles.
SHIP5TON HOME NURSING BALANCE SHEEr ASAT30JUNE2024 2024 2023 Note5 Tansible assÈts Investment property Investments 16 17 4,162 250.tMJJ 1,532,224 6,724 250,C£rfJ 1,459,298 1,786,386 1,716,022 Current assets 5to(k5 Debtors Cash at bank and In hand 1668 67,564 180,145 3,280 55.578 231.030 250.377 289,888 Credltors: amounts fallln8 due wlthln one year 21 137.3171 142.402 Nat ¢urrentassets 213,( 247,486 Total as9ets less current Ilablllts 1,999,446 I,963,)8 Provisions for Ilabllltl 15.(KQl Nèt asséts wludln8 penslon Ilablllty 1,994,446 1.963,508 Net assets 1,994.446 1,963,9J8 Thefvnds ofthe charlty Restrocted Income funds Unre5trirted fvnd5 8,892 1,985,554 1.9S3,9)8 1.994,446 1,963,508 Thefinandal ststements were approved bythe tr4Jstees on.. ... .. 2oir :L¥L Trustee 10-
SHIPSTON HOME NURSING STATEMENT OF CASH FLOWS FOR IHE YEAR ENDED30JUNE2024 2024 2023 Cash flow5 from operatln8 actlvlttes Cash labsorbed byllgenerated from operations 191.9441 23,627 Jjwesting actl¥ltles PuKha5e of tanglble fixed a55ets Puwha5e of investments Pr¢xeeds from disposal of investmerrts Irwestment InMe recVed 11,0901 113,4501 15.9301 112.8031 ii(A),o(K)I 42,047 55,599 N•t $h 8onernted fmmllused Inl In¥estlni actlvltles 41,059 176,6861 Net ¢•sh used In flnanclrq actmtles N•t d*cr•aw In cash and e9ufvulents 150,8851 {53.0591 Cash and rash equivalents at beginnir6 of year 231,030 284,089 Cash and cash egulwdl4rf5 * end of y•ar 180,145 231,030 11
SHIPSTON HOME NURSING NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR EhlDED 30JUNE2024 AccountlnKpolicies tharlty Informatlon Shipston Home Nursing is a chantsble incorForated organtsatlon governed by a constStutlon dated 19 June 2015 (Amended 24July 20231. 1.1 A¢¢ountln8 ¢on¥entlon The financial statements have been prepared in accordance with the charity's constitutional documeni the Charitles Act 2011, FRS 102 "The Flnanclal Reporting Standaid applleable in the UK ard Republic of Ireland~ ITRS 102-1 and the Chaitttes SORP 'ACtonting and Reporttng by Charities: Statement of Recommended Practice appllcable to charftles parIng thelr accounts In accordance wlth the Flnandal Reporting Standard appllcable In the UK and Republit t)f Ireland IFRS 1021" leffectjve I January 20191. Thé chartty is B Public Benefit Entity as defined by FRS 102. The financlal statements hève departed from thè Charitles IA¢tounts and Reports) Regulations 2008 only to the extent required to provide a true and falr vlew. Thls departure has involved follow(ng the Statemert of Recommended Practlce for charttles applying FRS 102 rather than the version of the Statèmènt of Re¢ommended Prdrtice which is rÈferred to in the Regulations which ha5 since been wlthdrawn, The financlal statements arp prepad In Stert1 whl¢h 15 the fvnctlonal currency of the charlty. Monetsry amounts in these financial statements aTe rounded to the nearest£ The financlal ststements have been prepared under the hlstorical cost conventlon, modmèd to it)clude the revaluatton of investment propertie5 and certain fmancial instruments at fair value. The principal accounting policiÈs adopted are set out below. 12 Golng vxKern At the time of apsxovlng the fiThancial 5trtements. the trustees have a rèa50nable expettation that the charlty has adequate resour5 to CLMtinue In operdtlonal existence for the foreseeable future. Thus the trustees contlnuè tD Idopt the goi concem basls of accounting In preparing the financial 5taternent& 1.3 Charltable fund5 Unrestrlcted funds are avallable for use at thè dtscretioll Df the trustees in furtherdncè of their charitsble objectives. Re5trlcted fund5 are 5ubjert to specific conditions by donors or 8rantors as to how ihey may be used. The purposes and uses of the rethcted funds are set out in the notss to the hnanclal statements. 12-
SHIPSTON HOME NURSING NOTES TO THE FINANaAL STATEMENTS ICONTINUEL)) FOR THE YEAR ENDED 30JUNE2024 A¢¢ounting polldes {Contlnuedl IA Income Income Is reco8nised when the charty is 5e8ally entitled to it at arry performance conditions have been met, thé amounts can be measured rellably, and 6t Is probable that Income wlll be recelved. where income has related expenditwe las Wth fundraisin8 inromel, the Incorne and related expenditu a reportèd gross in the St¢ment of Flnandal Actiwlues. Donations, gTrnts and glfts are recc6rnlsed when receivable. If a donation Is subjeci to fulfilling performance tt&ndftions, the Income Is yetnL$ed when It Is prObae that those conditions w511 be met. Income from Glft tax dalms Is recognlsed for any donadons wlth relevant Glft Ald certiflcates recognised in Irome for the year. Ary amounts of Gfft Ald not 5ved by the year end are accounted for In Income and accrued Income In dthus. Income from NHS contracts, government and other grnnts, whether pital grants or revenue grants. are recognised when the Hospice has entidement to the fund5, any performance conditions attathed to the grants have bÈen mèt. It is probable that the Income wlll be reIved, and the amount can be measured rdlably and is not deferred. For legacies, entitlernent 15 trken on a case by case basts as the earlier of,. the d3te on which the charity is aware that probate has been gvanted. the estate has been fina11sed and notlfication has been made by the executorto the charStyth a distribLrtion will be made, orwhen a dlstrlbution Is recelved from the estate. Receiptof a legacy, in whole or in part, Is Mly tonsidered probable whern the amouxt can bé measured rellably and the charfjty has been notified of the executorf5 Intention to make a di5tr1butlon. If the legaw is in the form OF an asset other than cash or an asset listed on a recognlsed stock exchange, recognition is subject to the value of the asset being able to be rellably measured and tlde to the asset has passed to the charity. Where legacies have been notified tts the ch8rlty or the charity is aware of thè granting of probate, and the criteria for income reco8nition have not been me( then the legacy is treated as a contin8ent a5sel and dixlo5ed if materijl. Income received in advante for a fijture fundraising event or for a grant received latiNg to the followingyear are defefftd until the criteria for income recognition are met. LS E%p•ndlture Expendlture Is recognised once there is a legal or construciive obligaioon to transfer economlc benefftt to a third party, it Is probable that a transfer of etonomic benefots will be requlred in settlement, and the amount of the oblldation can be measured reliabty. ExpeAdlture 15 tI3ssified by artivity. The costs of each actsmty are made up of the total of dirett Costs shared costs, includinB SUPPOrt ctssts involved in undertaklng each act6vlty. Dlrect costs attributsble to a single artNity are allocated directly to that activty- Shared costs which contribute to more than one attivlty and support cost5 whith are not attrlbutable to a sin¥e activity are apportioned btheen those act6vltles on a basis consistent wSth the use of resources. Central staff costs are allocatsd on the bas15 of me spent, and depreciation charges are allocated on thè portion of thè asset's use. 13-
SHIPSTON HOME NURSING NufESTO THE FINANCIAL 5fATEMENTS ICONTINUEDI FOR THE YEAREPIDED 30JUNE2024 Accountlng polkles (Continued) 1.6 Tan8lble fix•d assets Tangible fixed assets are knltlally measu at roSt and subsequeny measured at C05t or valuation, net of deprIatIon and any impairment10sse5. Depreciation is reco8nised so as to write off the cost or valUaOn of assets less their resldual valuès over their useful lives on thefollowing basès-. Plant and equipment Fixtures and fltting5 Computers 25% on reducln8 balance 25% reduclng balance 33% on cost The galn or loss arLsing on the disposal of an a$5et determined 35 the difference between the Sale preedS and the carrylng value of the a55et. and is rÈtognlsed In the statement of financial artlvftJe5. 1.7 Inve51ment propérty Investment property, which Is property held to earn rentsls andlor for caprtal appCiation, Is initlally recoKnised at cost, which Includes the wrthase cost and any dIre{t attributable expendilure. Subsequently it is measured at fairvalue at the rEPQrtin8 end date. The surplus or defiat on revaluation reco8nised in profit or los& 1.8 Flx•d a$i•t Inve51ments FiKed asset investments are Inltlally measured at trdnsactlon prlce excludlng transaction costs, and are subsequently measured at fair value at each repoffjn8 date. Changes In falr value are recognlsed In net Incomellexpendlturel forthe year. Transactlon wsts are expensed as kncurred. 1.9 Impalrmert of flxed assels At each reportfjng end date. the charity reviewsthe carrylng amounts Of its tangible assets to determine whether there is any indicatlon that those as5et5 have suffered an impairrnent Ios5. If any such indlcatlon èxists, the recoverable amount of the asset is estimated in order to deterrnine the extent of the impairment loss lif any). 1.10 5to¢ks stocks a ststed at the lower of cost and estlmated selling price less Costs to complete and sell. Cost comprlsès dlrÈet matèria15 and. where applicable, dirert dabr costs and those overhèad5 that have been incurred in bringing thé stocks to thelr present location and condition. Item5 held for dIstributOn at no or nominal consideratlon are measured the lower of replacement cost and cost. Net realisable value Is the estlmated selllng price less all estimatsd costs of completion and costs to be incurred in marketing, 5e15ing and distribution. 14-
SHIPSTON HOME NURSING NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 30JUNE2024 Accountlng pollde5 Icontlnued) Lll Cash and cash equlYdlents Cash and cash Èquivalents irncludè cash in hand. deposTrts held at call with baftks. othershort-temi liould Investments with original maturities Df three moThths or less. and bank overdrafts. Bank ¢)verdrafts are shown withln borrowlngs in current Ilabilities. L12 Finantlal Instruments The tharity has elerted to ap¥ the pro%Aslons of Serylon 11 '8aslc Hnanclal InrUments, and Secdon 12 '0ther Flnanclal Instruments Issues, of FRS 102 to of It5 flnancial In5trumert5. Finan¢lal Instrumeb are recognlsed In the charlty's balance sheet when the charlty becomes party to the contract4Jal prnvisions of the instrumÈnt. Finaniial assets and SlalitIes are offseL with the net amounts presented in the financtsal statemèrts, when there is a legally ernforceable right to set off the recognised arnOnts and there is an intents'on to sèttle on a net bas15 or to realise the as5etand settle the liability simurtaneously. BusA(firtanciol ossets Baslc finand31 assets, which Indude debtors ènd casPk and bank balances. are Inltlally measured at transaction prlce Sncludlng transartlon costs and ore sub5equentty carried * amort15eLI cost U51n8 the effe¢rive Interest method unle5S the arran8ement con5titute5 a finallcing transattion, where the transaction is measured at the present value of the future recelpts dlscounted at a market rate of InteSt. Nnancial assets classlfied as recelvable wSthln one year a not amortlsed. 8oskfvqntittlllobllltles Basic financlal Ilabllttles, Indudln8 cretlitors and bank loan5 aro irbitlally reccgnisell * trnnsaction prlce unless the arrangement constrtutes a financing transaction. wherè the debt instrument Is measured at the present valuè of the future payments disw¢Jnted at a market rnte of interest. Finanual liabilities classified a5 payable within one year are not amorttsed. Debt Instrnments are subsequenily carrled at amortlsed cost, Usin8 the effertNe interest rate method. Trade credltOTS are obllgatlons to pay for gvods or servi$ thot have been acquId in the ordinary course of operatiow from suppllers. Amounts payable are classlfied as current Ilabilitie5 if payrnent 15 due thIn one year or less. If not, they are presented as non-current Ilabilfties. Trade creditors are recognised initlalty at transaction price and subsequenuy mèasured at amortised cost using the effettive interest method. OerecogAltlon ojflnonclalllubllftles Financlal 113bllStles are derecosnised when the charitvs contraLtual obli8atior)s expire a dISchaed or nlled. 15-
SHIPSTON HOME NURSING NOTES TO THE FINANCIAL StATEMENTS (CONnNUED) FOR THE YEAR ENDED 30JUNE2024 Arc¢xmtln8 poll¢Ses {Contlnuedl L13 Prohlslons Provisions are reco8nised when the tharity has a lègal or coThstruttlve present obllgatlon as a resutt of a past event, it is probable that the charity will be requlred to setde that obligatlon and a rellable estimate Can be made ol the amount of the obligation. The amount reco8ni5ed as a provr5ion is the best estimate of the considerntion required to settle the present obligation at the reporting end date, taking into account the risks and uncertaintie5 surrourhdlng the obligaOn. Where the effect of the Ilme valye of money r5 Material, the amount expected to be requlred to settle the obligation Is reco8nlsed at present value. When a provision is measured at present value, the unndIng of the dlscount is recognlsed as a flnance c05t In net IncoTr*l lexpenditurel in the perlod In whlth 51 arlses. 1.14 Employee beneffts The mst of any unused holiday entitlement 15 recogni5ed in the period in whid) the employee'5 Se5 are received. Termination benefits are recognised immediately as an expense when the charity is demonstTrbly committed to termiftaté thè employment of an employee orto provide termirtation benefits. 1.15 Retlrnment benefits PayTnents to defined contribytion retirement benefft schemes are charged as an expense a5 they frdll dué. IrKom• from ¢lonatlons and Itgaclts Unresffirted UnrÈsir•£ted funds funds 2024 2023 A5 reststed Donation5 and grfts Legacfjes recelvable Trusts and grants GfftAld 190.167 60,413 130,293 24,9(M) 201,940 106,553 22,075 405,773 333,568 Income r 2023 has been rèclassified to refiect the correct natwe of the Incorne. 16-
SHIPSTON HOME NURSING NOTES TO THE FINANCIAL STATEMEMfs ICONTINUED) FOR ThE YEAR ENDED 30JUNE2024 Incomé from charltable actibitres Total Unrethcted Ilestrktsd fund$ fund5 2023 23 Total funds 2024 fids 2024 2024 2023 As r•5tat•d A3 restated As restated Grant Income 88,056 17.125 105,181 104,267 104,267 Grant anafysls Graftts 2024 Grants Corttinuin8 healthcare NH5 core grant NH5 capacity grant Bereavementgrants 25,592 39,464 23,(hJO 17.125 4,491 6716 31,960 105,181 104,267 Income for 2023 has been redassffjed to reflect the corrert nature of the income. Incomt from *)thertradtn8 artlvltles Unrestrlrted Unre5trlcted fund5 funds 2024 2Q23 Fundrnlsln8 èvents 46,524 47.895
SHIPSTON HOME NURSING NOTES TO THE FINANCIAL STATEMENTS ICOMnNUEDI FOR THE YEAR ENDED30JUNE2024 Income from irNestments Unrestrithd Unrestrfct•d fund5 funds 2024 2023 Incomp from listed investments Interest receivable 41301 14298 33.506 8,541 55.599 42.047 Oth¥r Intom¥ Unfestricted Unr¢strirted funds funds 2024 2023 Other incorne 7200 6,254 EXp•b)dIre on r•lslF¥ fund5 Unrestrl¢ted Unr•strlctod funds fvnds 2024 2023 Fundralslhvaand publlclty Cancelled evert Costs Insurance Professlonal fte5 Office expenses Advertlsln8 Rent Stsff costs 167 10.161 15.593 5,806 1.181 11,372 3,304 825 100.384 71,259 126.011 102.986 18-
SHIPSTON HOME NVRSING NOTES TO THE FINANCIAL sfATEMENTS (CONTINUEDI FOR THE YEAR ENDED 30JUNE2024 Expendltur• on charltable actfvltles Operatln8 OpeTrUng ctsst5 2024 2023 Dlrect costs Staff costs Training Equipment Office Expenses Complian Professional fees other costs 415.992 573 3,166 4,tXJI 2,341 3.286 869 339,246 24 815 490 1,282 654 430,228 342,511 Share of sUPPOrt 8o¥ernance cosl$1see note 9) Support 90,573 127,372 520.801 469.8B3 Anwly515 by fund Unrestricted funds Restrlcted funds 512,568 8.233 469.883 520AQI 469A83
SHIPSTON HOME NURSING NOTES TO THE FINANaAL sfATEMENTS {CONTINLEDI FOR THE YEAR ENDED30JUNE2024 Support C05t5 alloc*ed to artlvltles 2024 2023 Stsff costs Depreclatlon Bank charges Other costs Office expenses Professional féès Property c£J5ts Rent 36,266 1,649 71,419 3,310 10,829 12,605 3.891 2,775 22.558 9,559 15,376 8,988 1742 15,310 90.573 127,372 Analyse(I betwn. Operating costs 90,5n 127,372 10 Net movement Infunds 2024 2023 The nèt movèment In funds 15 Stated after charBing/lcredltingl'. Fe•$ pwdble forthe independent examination of the charity'sfinancial statemer Depredatlon of owned tsnglble fixed assets Loss on dispJsol of tangsble fixed assets 2,795 3,310 1,649 2.003 11 Tru#w5 None of the trustees lor any persons connected wlth them) CeIved any muneratIOn or beneflts from the charlty durlng the year. IZ EmpJ(ryees The average Month number of employees during the year was". 2023 Number Number 26 19
SHIPSTON HOME NURSING NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED30JUNE2024 12 Empioy••s IContinLdl Employment costs 2024 Wages and 531èrie5 Social securlty costs Other pension costs 5(J,648 41,034 10,960 434,640 37,516 9,768 552,542 481,924 There wèrè no employees whose annual remuneration was more than £60.CQO. Remuner3tion of key manattmént personnel The remuneration of key management personnel was as follows: 2024 2023 regate compensath 178.221 156.739 IY Other ewndityre Vnre5trtded Unrestrlrted furMIs funds 2024 2023 Net105s on dlsposal of tsngible flxed assets 2,003 14 fjaln5 and losse5 on Inv•sthwrfs Unrestrlctsd Unre5trkted funds fund5 ZOZ4 20 Gainslllossesl arising on.. Revaluation of Investments 59.476 137.4071 21-
SHIPSTON HOME NURSING NOTESTO THE FINAfKIAL STATEMENTS {CONTINUEDI FOR THE YEAR EAIDED 30JUAIE2024 The charlty is exempt from tsxatlon on bts Xtovrties because all its inci)me Is applied ft)r ¢haritsble purposes. 16 fanBlble flxed a$5ets pknntd Com Cort At l July 2023 Addltlons Disp05als 4,416 5,065 1,090 15831 7,141 16.622 I,rfio 16,3061 12.7661 12.9571 At 301vne 2024 1,6SO 5.572 4.184 11,406 Depreclalion and Impalm)ent At l Jul¥ 2023 Depreciation chargéd in the ypar Ellmin4tsd In respect of dlsposals 2,238 363 11,2531 2.148 5.512 799 12,5051 9.898 1,649 14,3031 15451 At 30 June 2024 1,348 2,090 3,8L 7,244 Canyln8 amount At 30June 2024 3.482 378 4,162 At 30JLtne 2023 2.178 2,917 1.629 6,724 17 In¥estment propertv 2024 Falr Ttdlue At l July 2023 and 30June 2024 2SO,(X(J Investmènt properry comprises a rental property. The falr value of the investment property has been arrived at ¢*n the basis of a valuation tarried out on 15 Aprll 2021 by Seccombes Chartered Surveyors, who are not connerted with the tharlty. The valuation was made on an open maiket value basis by reference to market evidence of transactlon prices for similar properties. The investment property ifds held above fair valuè the prior year accounts, as sueh an adjustment of £95,0 had been made to correct th15. The trustèes are happy that the ¥aluaticx) is a falr refiection of the market value at the year end.
SHIPSTON HOME NURSING NOTES TO THE FIIIANCIAL ¥fATEMENTS (CONTINUED) FOR THE YEAR ENDED 30JUP4E2024 18 Flxed asset Investments Inhtstment Fund Deposlt account Cost orwdluatlon At l July 2023 Additions Valuation thanges L158,466 13,450 59,476 3Cw)A32 1.459.298 13,450 59,476 At 30 lune 2024 1,231,392 31X>,832 1,532,224 CarTrlnK•mount AI 30June 2024 1.231.392 3,832 1,532,224 At 30Junè 2023 1.158,466 300,832 L459,298 Mènagemert fees tharged by CCLA are built into the value of the capital and the trusteès ran not reliably measure the value of these charges. St¢th 2024 2023 Finished Souds and good5 for resale 3.280 20 Debtor5 2023 Amounts falllni due wlthln ¢)ne Otherdebtors Prepèyments and accrued Income 65,143 2,421 55,523 55 67.564 55,578 -23-
SHIPSTON HOME NURSING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR TIIE YE4R ENDED 30JUNE2024 21 CredltOf5: amounts fallln8 due wlthln oney•ar 2024 2023 Othértsxatlon and scÈial security Other credliors 10,195 27,122 11,558 30.844 37.317 42.402 22 Provlslonsfor Ilabllltle5 2024 23 Renovatfjon piovision M0M•nts on pYovlslon$: Renovatlo provi$bOn Additional provlslons in the year 23 R•rnm0nt Ixnefrt schemes 2023 Defined contrfbution s(hemes Charge to profrt or1055 in respect of defined wntribulion schemes 10,960 9,768 The charlty operates a defined contrlbLrtion penslon Scheme for all quallNn£ employees. The assets of the scheme are held separately from those of the chadty In an independently admintstered fund. -24-
SHIPSTON HOME NURSING NOTES TO THE FINANaAL sfATEMENTS ICONTIMUEDI FOR THE YEAR ENDED 30JUNE2024 24 R•strlGted funds The ostritted funds of the charlty comprise the unexpended balances of donations and 8rants held on tnjst subject to speclfic ¢9r)ditiQll5 by donor5 as to howthey may bè used. At I luly 2023 Intomlng Resour resources empended At 30Juna 2024 Bereavement fundlng Night nurslng 12,125 S,OLX) 13,2331 15,0ts)1 892 17,125 18.2331 8,892 The beavement fundlng conslsts of multiplé grants Biven fw the purpose of providing b¢r¢avement counselling. The night nursèfunding was a SIn8 grant lorthe provision of night nurse 25 Analy5 net •5sets between funds Unreslrfthd Restrlrted funds fvnds 2024 2024 Total 2024 At 30Jun• 2024: Tanglble assets lrtvestment propertles Investrnents Current assètsllllabilltie51 Provision5 4,162 250.0 1,532,224 204,168 1S,CK)01 4,162 250.(KJO 1,532.224 213,C60 15,0001 8,892 1,985,554 8.892 1.994.446
SHIPSTON HOME NURSING NOTES TO THE FINANCIAL sfATEMENTS ICONTINUED) FOR THE YEAR ENDED 30JUNE2024 25 AnJlys1s of net a55ets between ld$ Icortlnuedl IlnrEstrI(W Restrfict•d funds funds 2023 2023 2023 As réststed As restated AJ restated Total AI 30 June 2023.. Targlble assets Investsnent properties Investments Current assetsllllablmttesl 6,724 250,(YJO 1,459,298 247,486 6,724 250,LbJO 1,459,298 247,486 1,963,508 1.963,508 16 Operatln8 lease commliments At the reportlng end date the charfty had outstanding commttments for fLrture mlnlmurn lease payments under non<ancellable operating leases, which fall due as follows-. 2023 Wlthln one year 12,740 27 Relat•d party ts3nsartior There were ho dlsclosable lated party transactlons durlng the year12023- nonel.
SHIPSTON HOME NURSING NOTES TO THE ANANCIAL sfATEMEN7S {CONTINUED) FOR THE YEAR ENDED 30 JUNE2024 28 Cash 8•n•rdted Irom Dperatlo 2024 Surpluslldehcltl for thèyear 30,938 176.2451 Adjustments for. Investmentlncome retogni5ed in statementof finandal artivities Loss on dlsposal of tangible frxed assets Fair value gains and105ses on investments Depreciatic* and impairment of tsneible fixed assets 155,5991 2,003 159,4761 1,649 142.0471 37.407 3,310 Movements in working capital= DecaSe in stocks Ilncreasel/decrease in debtors Ioecreasel lft treditors (Decreosel in provlslons 612 111,9861 15,0851 935 112,356 112,0891 Cash (absort byJlt¢nerzted fyom operntions 191.9441 23,627 29 Anafysls of thanys In nètfund5 The charlty had no matsrral debt during the year. -27.
SHIPSTON HOME NURSING NOTES TO ThE FINANCIAL STATEME•JTS IcoKnNUEDI FOR THE YEAR ENDED30JUNE2024 30 Prfor Hdlustm•nt Charys to the balarKe sheet At301une 2023 A% polY As Y•st•t•d Flxed assets Investment propertles (i) 346,OCrf) 196.OC¥)I 250,1)XI Capitsl funds Income funds Unrestricted funds 2,059,508 I96,[) 1.963.508 Total equlty 2,059.YJ8 196,OCQI 1,963.508 Chanyts th• wofit and loss account rlod ended 30June 2023 A% pwe¥loustr4 resiat4d rtported Net movement In fvnds {76,2451 176,2451 111 The investment property Wa5 held abo¥e fair ¥ae in the prlor year accounts, as such an adjustment of £96, had been made to correct this.