REGISTERED CHARITY NUMBER.. 1163224
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
FOR
HOME OF COMFORT

HOME OF COMFORT
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Page
Raport of th8 Trustws
Report of the Independent Auditors
statement of Financial Activities
10
Balance Sheot
Cash Flow Statement
12
Notes to the Cash Flow Statement
13
Notes to th8 Flnanclal Statsm•nts
14 to 21

HOME OF COMFORT
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
The trustees present their report %Mth the financial statements of the charity for the year ended
31 December 2023. The trustee5 have adopleil the prowsions of Accounting and Reporting by Charities."
Statement of Recommended Practice applicable to ¢hants'es preparing their a¢¢ounts in a¢¢ordan¢e Mlh the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 January
20191.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objecbves of the Charity ￿maIn those for Yh)ich rt was originally establishet1 in 1896." to manage a
Nursing Home for the sick, providing charitable disbursement ￿ere necessary and thus providing care and
Comfort, alleviating need and distress.
About Th• Homo ol Comfort Nurslng Hom•
The Home of Comfort was founded in 1896 by Mother Emma. Head Deaconess of the Winchester diocese
lof which the present Portsmouth diocese was a part until 19271. She had become concerned about the many
elderly people who, when ill and lonely. had no one lo care for them, so she raised enough money lo buy the
original house (called "Dwan") and opened rt as the Home of Comfort for the Dying on Sl Andre¥V$ Day.
th just twelve residents.
The Home was originally registered as a Trust in 1909, and in 2019 rt was incorporated as a Charrtable
Incorporated Organisalion. These changes have been made so that, as far as possible, the Home can
continue lo cary out Mother Emma's wshes.
Today, as a Nursing Home, we provide 24-hour nursing care. wilh at least one registered nurse on duly day
and night. and we are lully equipped lo meet the neeils of our residents. The Home is registered wth the
Care Quality Commission and is a member of the Registered Nursing Home Association and of the
Hampshire Care Association.
Elch of our residents has their ob*n room, ffijlly furnished.. they may. if they wish, bring small items of their own
furniture and have their own telephone and lelewsion. We have a Iighl. sunny day-room and a larger dining
room Véhere activities such as parb'es, singing and bingo take Flace. Meals, all of vthich are prepared in
house, may be served whereever a resident prefers lo have them.
Friends and relatives are welcomed, and we encourage their invdvement in the lives of our residents. Our
policy is lo provide care and comfort for elderly people. supporting them lo relum lo the communty if possible,
and nursing them lo the ends of their lives rf not. We hope we shall be able lo conts'nue doing this for many
years to come.
Admission to the Homo of Comfort
The Home of Comfort Is open lo potential residents of all backgrounds and lo those vtho need respite care as
well as lo pemianenl resi¢Jenls.
Our historic association the Anglican Church ￿MaInS part of our herrtage and is in the minds of many
vtho ¢hose to come and live at the Home. Although there are no longer moming prayers or compulsory
weekly services, we hold a monthly Communion Service at vthich all are welcome.
Through the support of the Charrtable Trust, the Home supports those vkno do not have funds to pay for their
ovm care lo receive the same stsndard of support a5 those vtho are self-funding.
OBJECTIVES AND ACTIVITIES
Activities of the Charity
The activities of the Home are regulated by the Care Qualty Commission, and the Trustees and Management
are responsible for ensuring that the Home meets the wu1￿Ments of the CQC.
The management of the Home invofves the emFAoyment of a large number of stsff including nursing staff.
carers, domestic staff and man3gemenL
11 also requires the appropriate maintenance of the fabric and Str[th￿ of the building owneil by the Home,
from which it operates.
Page 1

HOME OF COMFORT
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
OBJECTIVES AND ACTIVITIES
Public benefit
The trustees confimi that they have ￿erred lo the guidance ￿ntsIned in the Charrty Commission's general
guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities.
The Iruslees refer lo public benefit throughout this reporL
The Home of Comfort is a registered Charity whose Charrtable Purpose5 are".
"The relief of those in need by reason of a9e, ill health or terminal illness by such means as providing a
nursing home and such other services and facilth.es as the charty trustees may from lime lo lime determine.
The charity IrLJslees shall give preference to beneficiaries who are or vA)o were formedy ordained or lay
ministers of the Church of England oi other workers connected the Chuich of England."
Thus, public benefit is provided through the operation of the Home. at a time ￿then good qualty nursing home
provision in the local area is in Short supply, and in the provision of bursaries.
The Home prowdes bursaries to those residents ￿Ose cafe is funded by local authorities at a rate I0￿r than
the Home'5 usual rates. In such a way, the Home ensures that those who do not have funds of their own, or
relatives able to pay for their care. have the opportunty lo receive high qualrty nursing care wlhout having lo
leave the area in which they vAsh to live and vthere they have family.
The charty was founded wlh the same objects as ivs p￿eCesS0r. Home of Comfort for Invalids (Registered
no 2021911, and the wording of those objects was amended in 2020 the consent of the charity
Commission lo simplify il a little and lo indude 'olher workers connected wth the Church of England, as well
as those vtho have been ministers.
ACHIEVEMENT AND PERFORMANCE
Porfomiance durlng tho year
The Home made use of staff agencies to manage this period of sickness. but considerable uncertainty
and rapidly changing advice, the wnler time were pa￿'CUlarlY challenging.
With the increase of the cost of living, we have seen a major increase in electricity, gas and the food bills.
This is inevitable and many homes in the area have dose<l due the in¢￿aSe of the cost of liwng.
During this period of transition, the Trustees expect the Home to be loss making due lo reduced fees. They
are also mindful that there are a number of a￿a$ where investment needs lo be made in the fabric of the
building to ensure it remains attractive to those looking for care.
They feel confident that as a non-profft making home wlh an excellent ￿PUtation locally people wll still want
lo come here, and that the Home's reserves are sufficient to allow them to manage this period.
Activities During 2023
Running activities for residents during the last three years has been very challenging, and a number of
pemianent and temporary staff has worked hard to make sure that we have some provision of One-t(￿one
activities. These have included invrting outside entertainment in on a regular basis. Since coming out of Covid
and the restrictions we had n the home we had evenlualty opened to all visrtors no restrictions in place.
Pr•mIS￿ Improvèménts Durlng 2023
In 2022 we had Fire Doors installed., in 2023 we focused more on the Iloors and had many rooms have the
flooring replaced.
Page 2

HOME OF COMFORT
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
FINANCIAL REVIEW
A review has been taken of the financial posrtion of the Charity and has proved to be satisfactory in all
respects. Expenditure has exceeded income by £259.810 Ihis year thi¢h in¢ludes unrealised gains on
investments of £59,073. Although nursing and caring income has increased due to the increased room rates,
expenditure has also increased due to increasing staff costs and the costs of maintenance and improvements
to the buildings.
The principal funding sources of the Home are residents. fees. donatsons and legacies sufficient lo cover all
expenditure incurred. Fees received for social services patients are less than private patients, with the
shortlall being subsidised by the Home. The cost to the Home for these subsidies in 2023 was £179,338
12022. £132,400).
The Home has an investment portfolio which 15 managed by Octopus Investments Ithe partner of CAF bank).
The funds are invested in a low risk category providing a balance be￿en income and groth. The balance
of the Home's portfolio as at 31 December 2023 had decreased to £805,13012022'. £1,018,295).
The Home also has approximalely £16.00012022'. £16,000) placed on Short terni nolice depo$f( a¢￿unIs.
Rg88rvos
The Charity has athys had a policy of retaining sufficient reserves lo cover any major slruclural works lo the
property, bearing in mind the building is over 120 years old. Although they should run for many years, system$
such as the healing and hol water, and also the lifts. are extremely expensive lo replace when this
becomes necessary. The Trustees feel il is essential lo maintain ￿ServeS that would cover any conlin9ency
that should arise with the building or facilities at the Home.
Reserves are also necessary for the daY-l￿13Y running of the Home's operations, in case ol late payment by
major customer IPort$mouth Cty Council) or other contingency or emergency.
The Trustees feel the levels of reserves are sUffic￿nt for the Home to fulfil ils objective$.
Investment Powors
The Charity has the power lo make any investment vknich the Trustees see fft.
Rl$k Managgment
The Trustees have identrfied the principal risks to the Charity and documented these in the Reserves and
Investment policy, which aims lo ensure Ihal sufficienl reserves are held to mrtigale those risks.
The risks identified may be summarised as..
Increasing care needs (leading to a requirement to have more slaff andlor equipmenll,
Insufficient public funding for Ca￿ increasing the bursary necessary lo support Local Authority funded
residents,
Reduced occupancy,
Some calaslrophic event causing damage to the Home's p￿MiSes.
. A safeguarding or other resident welfare emergency,
. A major HR issue,
More existential risks due to a major event outside of Ihe Home's ¢onlrol, such as a 'n<Fdeal Brexit,
disruption supplies and causing increased costs.
The Home has a Business Continuty Plan in place and regularly reviews measures that can reduce both the
likelihood of any of the above, and their potential impact.
FUTURE PLANS
The Trustees have a Development Plan for the Charrty and the Home these should be discussed in the
future, we would need new roofing, a new nurse call system. We also need to be replacing beds.
Page 3

HOME OF COMFORT
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
Goveming document
The governing document is a ConstitLrtion based on the Charity Commission model for a CIO.
Recruitment and appointment of new trustees
The appointment and recrurtment of new Trustees is by personal recommendation by existing Trustee3. The
Home has a written policy seth'ng out the pro¢ess of re¢nAitrnent and induction of new Trustees.
Organisational structure
The organisational structure of the charrty is made up of a Board of Trustees and tsvo managers (the Matron
and Adminislralion Manager). Major decisions are taken by Twstees le.g. major capital expenditure, changes
to key poliwl, and day lo day operatsonal ¢Je¢isions by the Matron and Administration Manager, wth support
as appropriate.
The Board of Trustees meets approximately six bme$ a year to receive finanaal. maintenance, residents and
other reports from the Matron and the Administrth"on Manager, and to rewew the implementslion of budgets
and strategy.
Induction and trainSng of nèw trusts88
Induction ol a Trustee takes place at an interview before their appointment, and at the initial Trustees meeting
attended by the new Trustee., copies of Charity Commission lrterature and informalH)n about the Home are
provided according lo the Home's policy on the recrurtmenl of new Trustees. The Home has arranged training
for Trustees in Charitable Governance and in relevant clinical matters.
Koy managoment romuneratlon
In settin9 appropriate levels of remuneration for the key management personnel al the Home, the Twslees
consider rates of pay for equivalent position$ both vthin the Nursing Home sector and in other related
position5. This iy done by observing job adverb"semenls in Nursing publication5 and online. chècking
published NHS rates of pay. and speaking infomalty lo representslives from other Homes and to other
linical personnel.
REFERENCE AND ADMINISTRATIVE OETAILS
Reglstgr&d Charfty numb•r
1183224
Pr5nclpal addro88
17 Victoria Grove
Soulhsea
Hampshire
P05 1NF
Trustees
M S Smy (Chairl
D Day (Hon Treasurer)
S King
Rev. G Evans-Harri$
D Bridger
R Lawson
Appointed September 2023
Resigned January 2024
Admlnlstratlon Managèr
C Silva
Matron & CQC Registered Manager
D Anil
Page 4

HOME OF COMFORT
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
REFERENCE AND ADMINISTRATIVE DETAILS
Auditors
Morris Crocker Limited
Chartered A¢¢ountsnls
Statutory Auditors
Station House
North Street
Havant
Hampshire
P09 1QU
Bankers
CAF Bank
25 Kings Hill Avenue
West Malling
Kent
MR19 4JQ
Solicitors
Lester Aldridge
Russell House
Oxford Road
Bournemouth
BH8 8EX
Invo$tmont Portfollo Managers
Aberdeen Standard
280 Bishopsgale
London
EC2M 4AG
STATEMENT OF TRUSTEES. RESPONSIBILITIES
The Iruslees are responsible for prepanng the Report of the Trustees and the financial statements in
accordan¢e with applicable law and United Kingdom Accounting Standards (United Kingdom Generally
Accepted Accounting Practice).
The law applicable to charities in England and Wales. the Charities Act 2011, Charity (Accounts and Reports1
Regulations 2008 and the provi5ion5 of the trust deed requires the trustees to prepare financial statements for
each financial year which give a true and fair view of the stsle of affairs of the charty and of the incoming
resources and application of resources, including the income and expenditure. of the charty for that period. In
preparing those financial slalemenls, the Iruslees are required lo
select suitable accounting policies and then apply them consistendy.,
observe the methods and principles in the Charty SORP".
make judgements and estimates that are reasonable and prudent..
state whether applicable accounting standards have been followed, subj'ect lo any material departures
disclosed and extAained in the financial stslements"
prepare the financial statements on the going concem basis unless it is inappropriate to presume that the
charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy
at any lime the financial position of the chanty and lo enable them to ensure that the financial statements
comply wlh the Charities A¢1 2011. the Chanty IA¢¢ounts and Reportsl Regulations 2008 and the provisions
of the trust deed. They are also responsible for safeguarding the assets of the chanty and hence for taking
reasonable Steps for the prevention and detection of fraud and other irregularrtie5.
Page 5

HOME OF COMFORT
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
I S M44-S...ZUZ.￿.... •*J on ils bthaN ty.

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
HOME OF COMFORT
Opinion
We have audited the financial statements of Home of Comfort (the 'charrtll for the year ended
31 December 2023 which comprise the Stslement of Finan¢ial A¢b.v￿"e$. the Balance Sheet. the Cash Flow
Statement and notes to the financial statements, induding a summary of significant accounting policies. The
financial reporting framework that has been applied in their preparabon is applicable law and Unrted Kingdom
Accounting Standards IUnf(ed Kingdom Generalty Accepte(l A¢counb"ng Practice).
In our opinion the financial stslements".
give a true and fair view of the state of the charitys affairs as at 31 December 2023 and of f(s incoming
resources and application of resources, for the year then ended.,
have been properly prepaied in accordance United bth"ngdom Generally Accepted Accounting Practice",
and
have been prepared In accordance wth the requirements of the Charrties Act 2011.
Basls for opinlon
We ¢ondu¢led our audit in accordance wth Inlemational Standards on Auditt'ng IUKI IISAS IUKII and
applicable law. Our responsibilities under those standards are further described in the Auditors.
responsibilibes for the audit of the financial slalements sedion of our report. We are independent of the
charity in accordance with the ethical requirements that are relevant to our audrt of the financial statements in
the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in
accordance wlh these requirements. We believe that the audrt evidence we have tsbtsined Is sufficient and
appropriate to provide a basis for our opinion.
Conclusions r8lating to going concom
In auditing the financial slatemenls, we have ¢onduded that the trustees, use of the going concem basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed. ￿ have not identified any material uncertsinlies relating to events or
conditions that. individually or colle¢t'vely. may ¢a$t significant doubt on the Charity's ability to ¢onlinue as a
going concern for 4 period of at least ts￿ve months from %then the financi41 statements are authorised for
issue.
Our responsibilities and the re$ponsibilrtie$ of the trustees Nbith respect lo going concem are describèd in the
rolevanl sections of this report.
Other Infomiatlon
The trustees are responsible for the other information. The other information comprises the infomiation
induded in the Annual Report, other than the financial statements and our Report of the Independent Auditors
Ihereon.
Our opinion on the financial Slalements does not cover the other infomiab.on and, except lo the extent
otherwse expliciuy $tsted in our report, we do nol express any forni of assurance conclusion Ihereon.
In connection Imlh our audit of the financial stslements. our responsibilrty is to read the other inftsmalion an(J,
in doing so, consider whether the other inforniation is materialty inconsistent wth the financial statements or
our knol￿edge obtained in the audrt or otherwise appear5 to be materialty misstated. If we identify such
material inconsistencies or apparent material misslatemenls. we are requireil lo detemine whether this gives
rise to a material misstatement in the financial statements themselves. If, based on the work we have
performed, we conclude that there is a material mi55talemenl of this other information, we are required lo
report that fact. We have nothing lo report in this regard.
Matters on which we arg r8quirod to report by exception
We have nothing to report in respeci ol the following matters Nthere the Charibes {Accounts and Reports}
Regulations 2008 requires us lo report lo you rf, in our opinion".
the informats'on given in the Report of the Trustees is inconsistent in any material respect with the financial
statements.. or
suffi¢ienl a¢¢ounling recor(ls have not been kept-. or
the financial statements are not in agreement the accounts'ng records and returns., or
we have not received all the informats.on and explanab.ons we require for our audit.
Page 7

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
HOME OF COMFORT
Responsibilities of trustses
As explained more fully in the Slalement of Trustees. Responsibilrties. the trustees are responsible for the
preparation of the financial statements which give a Irue and fair view, and for such internal control as the
trustee5 determine 15 necessary lo enable the preparab.on of financial stslemen15 that a￿ free frorn material
mi$stslement. whether due to Iraud or error.
In preparing the financial slatemenls. the trustees a￿ responsible for assessing the ¢harrty's abilty lo
continue as a going concern, disclosing, as applicable, matters related to going concem and using the going
concern basis of accounting unless the trustee5 either intend to liquidate the charity or to cease operations, or
have no realists"c altemative but to do so.
Our r8sponsibilitias for thè audit of thè financial stat•m8nts
We have been appointed as auditors under Section 144 of the Charilies Act 2011 and report in accordance
th the Act and relevant regulab'ons made or having effect Ihereunder.
Our objectives are to obtain reasonable assurance aboLrt vthether the financial ststements as a whole are free
from material misslalemenl, whether due lo fraud or error. and lo issue a Report of the Independent Auditors
that includes our opinion. Reasonable assurance 1$ a high level of assurance, but is not a guarantee that an
audit conducted in accordance wlh ISAS IUKI wll afvmys detect a material misstatement vthen it exists.
Misslalemenls can arise from Iraud or eryor and are considered material if. individually or in the aggregate,
they could reasonably be expected to influence the economic decisions of users taken on the basis of these
financial statements.
The extent to which our procedures are capatle of detecting irregularities, induding fraud 1$ detailed below..
From discussion wrth management and those charged govemance infomation about the entity is
documented lo assess the activity wthin the organisabon. We discuss management's assessment of risk in
respect of irregularities. fraud and going concern.
Based on these discussions and our ovm assessments we determined that the key risk areas were income
rec¢gnrtion In respect of cut off issues and management override conceming the soe of the organisation.
We sel financial statement materiality level based on the level of income. As a not for profil organisalion
raising income is ils primary focus which is vthy income was used to determine the level of materiality. Our
overall assessment of risk was used to deterniine perfomiance materialty at an appropriate level.
Substsnlive audit lesls were designed after assessing and perf¢)miing walkthrough tests. The walkthrough
testing confirmed documented systems which have been designed to act as a preventative measure against
fraud and error which appear lo be operating as documented. Substantive testsng tested a sample of the
population. representstive of the populats'on, to identfy errors. The testing did not identify any material
misslalemenls in areas lèsled.
Audit substantive tests concluded no material errors over the key risk areas of income recognrtion and
management override.
The audit considers the organisation is not exposed to material risk of error as a result of assessing laws and
regulats'ons that are appropnate lo the organisalion.
Management assessed there is no going concem risk.
A further description of our responsibilth'es for the audit of the financial statements is located on the Financial
Reporting Council's websrte al bvww.frc.org.uklaudilorsresponsibilrties. Thi5 description fom5 part of our
Report of the Independent Auditors.
Page 8

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
HOME OF COMFORT
Use of our rnport
This report is made solely to the charty's trustees. as a body. in a¢¢ordan¢e with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. Our audtt ￿rk has been undertaken so that we might state to the
¢harty's Iruslees those matters we are required 10 5ts1e lo them in an auditors, report and for no other
purpose. To the fullest extent permitted by law. V￿ do not accept or assume responsibilty to anyone other
than the charity and the charity's trustees as a body, for OUT audTt ￿￿rk, for this report, or for the opinions we
have formed.
for and on behalf of Morris Cro¢ker ￿Mited
Chartered Ac¢ountsnls
Statutory Auditors
Slalion House
North Street
Havant
Hampshire
P09 1QU
Dale. .24..M.gy.7.9.2.4.................
Page 9

HOME OF COMFORT
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
Total
funds
2022
Total
funds
Unrestricted
fund5
Restricted
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and lega¢ies
559
559
3,826
Charitabla activities
Nursing and caring
1,645.018
1,645,018
1,472,622
Investment income
188
188
86
Total
1,645.765
1,645,765
1,476,534
EXPENDITURE ON
Raising funds
2.238
2.238
1,430
Charitabl8 actlvitigs
Nursing and caring
1,962.410
1,962,410
1.776,771
Total
1,964.648
1,964,648
1,778,201
Nel gainslllossesl on investments
59,073
59,073
179,9201
NET INCOMEIIEXPENDITUREI
1259,810)
1259,8101
1381,5871
RECONCILIATION OF FUNDS
Total funds brought forward
1,162.002
1,162,002
1,543,589
TOTAL FUNDS CARRIED FORWARD
902.192
902.192
1,162,002
The notes form part of these financial statements
Page 10

HOME OF COMFORT
BALANCE SHEEr
31 DECEMBER 2023
FIXED AS8Ers
TangI￿É awts
Invoslments
12
13
103,9
805,130
120,402
1.018.295
)9.120
1.138.697
CURREKf ASSErs
Debtors
Cash at bank and in hand
14
29.170
45.0X)
25,032
74.882
74.220
99,914
CREDITORS
Amounts Talllng Ikn wrthm
15
(81.148)
(76.609)
NET CURRENT ASSErs
(6.928)
TOTAL ASSETS LESS CURRENT
LIABIUTIES
2.192
1,162.￿)2
NET A3SErs
902.192
1.162.(￿2
FUNDS
Vnrestrict8d fvTr1s
17
r2,IY2
1.162.(#Y2
TOTAL FUNDS
9)2,192
1.182.(K)2
i J Z42.Q........ Ind %wr8 8ign•d on Ib bthgll by.

HOME OF COMFORT
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
2022
Notes
Cash flows from operating activities
Cash generated from operations
(299,3931
1299,6231
Net cash used in operabng activities
(299,3931
1299,6231
Cash flows from Inv•stlng a¢tlvltl•s
Purchase of tangible fixed assets
Purchase of fixed a55el inve51menls
Sale of fixed asset investments
Interest received
12,8651
1876,4001
1.148.638
188
17921
209.430
86
Nel Cash provided by investing aclivitses
269,561
208,724
Change In cash and cash wulvalents
In tho reporting period
Cash and cash equivalgnts at the
glnnlng ol the reportlng p•rlod
129,8321
190,8991
74.882
165.781
Cash and Cash equlvalonts at th• •nd
of tho roportlng perlod
45,050
74,882
The notes fomi part of these financial statements
Page 12

HOME OF COMFORT
NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2023
RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING
ACTIVITIES
2023
2022
Net expenditure for the reporting period {as per the Statement
of Finan¢lal A¢tlvlU•$l
Adjustments for:
Depreciation charges
IGainlllosses on invesbnents
Intere51 received
Increase in debtors
Increaselldecrease} in credrtors
1259.8101
1381.5871
19,277
{59,0731
11881
14,1381
4,539
22,169
79,920
1861
111.9141
18,1251
Net cash used in operations
{299,3931
1299,6231
ANALYSIS OF CHANGES IN NET FUNDS
At 1.1.23
Cash flow
Al 31.12.23
Net Cash
Cash al bank and in hand
74,882
{29,8321
45,050
74.882
129,8321
45.050
Totsl
74,882
129,8321
45,050
The notes fomi part of these financial statements
Page 13

HOME OF COMFORT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial slalemen15 of the charity. which 15 a public benefft entity under FRS 102, have been
prepared in a¢¢ordan¢e wth the Charities SORP IFRS 1021 A¢¢ounting and Reporting by Charities..
Statement of Recommended Practice applicable to charities preparing their accounts in accordance
wrth the Finan¢ial Reporting Standard applicable in the UK and Republi¢ of Ireland IFRS 1021
leffective 1 January 20191,, Financial Reporting Standard 102 The Financial Reporting Standard
applicable in the UK and Republic of Ireland. and the Charities Act 2011. The financial statement5 have
been prepared under the hisloncal cost convenbon. the exception of investments which are
included at market value, as modrfied by the revaluation of certain assets.
The Charity constitutes a public benefft enlrty as defined by FRS 102.
The Iruslees consider that there are no material uncertainties ￿gard1fty the charity's ability lo continue
as a going concern. At the year end the Charity has net liabilitses. In January 2024 a Small part of the
investment portfolio was disposed of to fund cash flow in 2024.
Income
All income is recognised in the Stslement of Financial Activ￿"e5 once the charity has entrtlement to the
lund$, il is probable thal the irbcome wll be received and Ihe amount can be measured reliably.
Expgnditure
Liabilities are recognised as expenditure as soon as there is a legal or conslrucb've obligation
committing the charity lo that expenditure. rt is proba￿e that a transfer of economic benefits will be
required in Settlement and the amount of the obligation can be measured reliably. Expenditure 1$
accounted for on an accruals basis and has been classrfied under heading5 that aggregate all cost
related to the category. Where costs cannot be dire¢Uy attribuied lo particular headings they have been
allocated to activities on a basis consistent wth the use of resources.
Tanglble Ilxed a8SOts
Depreciation is provided al the followng annual rates in order to write off each asset ovèr ils e$limaled
useful lrfe.
Freehold property
Improvements to propety
Fixtures and fittings
2% on cost
10% On￿$1
20% on cost
Individual fixed a$$et$ ￿$tIng £500 or more are capitalised at ¢o$l.
Taxatlon
The ¢harty is exempl from tsx on rts chartsble adivrties.
Fund a¢¢ounting
Unreslricled funds can be used in accordance V￿1h the tharilable objectives at the discretion of the
trustees.
Restricted funds can only be used for particular restricted purposes vAthin the objects of the charity.
Reslriclions arise %vhen specified by the donor or when funds are raised for particular restricted
purposes.
Further explanabon of the nature and purpose of each fund is induded in the note5 to the financial
slatemenls.
nsion costs and othgr post-rgtiremgnt beneffts
The charty operates a defined contribution pension scheme. Contributions payable to the charity's
pension scheme are charged lo the Ststement of Financial Activrties in the period lo which they relate.
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HOME OF COMFORT
NOTES TO THE FINANCIAL STATEMENTS- ¢oDtinued
FOR THE YEAR ENDED 31 DECEMBER 2023
ACCOUNTING POLICIES - continuad
Financial instNments
The charity only enters into basK financial instrumen15 transaction5 that result In the recognition of
financial assets and liabilities like trade and other a¢¢ounts r￿l¥able and payable investments in
stocks and shares. The measurement basis used for these instruments is detailed below.
Fixed asset investments
Investments are 5ts1ed al market value as at the balance sheet date. The Stslement of Financial
Activities include the net gains and losses arising on revaluation and disposal throughout the year.
08btors and cash at bank
Trade and other debtors are recognised at the setllement amount due after any trade discount offered.
Prepayments are valued al the amount p￿Paid nel of any trade discounts due. Cash at bank and in
hand includes cash held on deposit or in a current account.
Creditors and provisions
Creditors and provisions are recognised vthere the charity has a present obligation resulting from a
past event that wll probably resuh in the transfer of funds to a tt)ird party and the amount due to settle
the obligation can be measured or estimated rella￿y. Creditors and provisions are nomially recognised
al their settlement amount after allowing for any trade discounts due.
Reallsed galns and106s08
All gains and losses are taken to the slalemenl of financial adivilies as they arise. Realised gains and
losses on investments are calculated as the d￿erence beh¥een sales proceeds and opening market
value (purchase dale if lalerl. Unrealised gains and losses are calculated as the difference between
the market value at the year end and opening market value lor purchase date if later).
8ur8arfe
In order that persons on a IoN%Er income can benefft. Bursaries are awarded to those residen15 who are
unable to meet the full cost of lees. The drfference between the fees payable and the amount received
from local authorities is shown as Bursaries in the financial statements.
DONATIONS AND LEGACIES
2023
2022
Oonats'ons
559
3,826
The charity benefits greatly from the involvement and enthusiastjc support of its many volunteers. In
accorllance wlh FRS 102 and the Charrties SORP IFRS 1021, the economic contribution of general
volunteers is not recognised in the acwunl$.
INVESTMENT INCOME
2023
2022
Oeposit account interest
188
All investment income is derived from assels held in the United Kingdom.
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HOME OF COMFORT
NOTES TO THE FINANCIAL STATEMENTS- ¢oDtinued
FOR THE YEAR ENDED 31 DECEMBER 2023
INCOME FROM CHARITABLE ACTMTIES
2023
2022
Activity
Fees
Nursing and caring
Other incoming resources Nursing and caring
Grants
Nursing and Caring
1.636,128
8,690
1,429,356
2,829
40,437
1,645,018
1,472,622
Grants received, induded in the above. are as follovts..
2023
2022
COVICk19 support
40.437
RAISING FUNDS
Investment managoment Costs
2023
2022
Portlolio management
2,238
1,430
CHARITABLE ACTIVITIES COSTS
Direcl
Costs (see
nole 7}
Support
cos15 (see
note 81
Totals
Nursin9 and caring
1.639,787
322,623
1,962,410
OIRECT COSTS OF CHARITABLE ACTIVITIES
2023
2022
Staff costs
Agency costs
Sundnes
Provisions
Medical and comfort supplies
Staff adverts'sements and training
Staff uniforms
Registration fee
8ursaries
1.297,929
47,757
18,686
66,721
13,829
7,472
2,784
5,271
179,338
1,271,492
17,915
6,217
50,255
11,084
7,712
1,532
5.289
132.400
1,639,787
1,503,896
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HOME OF COMFORT
NOTES TO THE FINANCIAL STATEMENTS- ¢oDtinued
FOR THE YEAR ENDED 31 DECEMBER 2023
SUPPORT COSTS
Governance
costs
Management
Totsls
Nursing and caring
299,900
22,723
322,623
Support costs, included in the above, are as follo￿."
Manag•mont
2023
Nursing
and
caring
2022
Total
activities
Wages
Rates and water
Insurance
Light and heal
Telephone
Postage and stslionery
Repairs and renewals
Cleaning
Legal and professional
Bank charges
Depreciation of tsngible assets
102,288
7,981
12,585
58,330
5,459
3,519
74,486
15,527
349
99
19,277
42,659
5,302
10.167
30,407
4,229
1,952
127,962
13,511
284
135
22.169
299,900
258,777
Govèmanco coyts
2023
Nursing
and
caring
2022
Total
activities
Wages
Audit fees
Auditors, remuneration lor non audrt
work
14,436
6,264
5,9B9
6,064
2,023
2,045
22,723
14,098
TRUSTEES. REMUNERATION AND BENEFITS
There ￿re no trustees. remuneration or other benefits for the year ended 31 December 2023 nor for
the year ended 31 December 2022.
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HOME OF COMFORT
NOTES TO THE FINANCIAL STATEMENTS- ¢oDtinued
FOR THE YEAR ENDED 31 DECEMBER 2023
TRUSTEES. REMUNERATION AND BENEFITS- continued
Trustees. expens8S
During the year no12022.' one) trustee was reimbursed out of pocket expenses.
10. STAFF COSTS
2023
2022
Wages and salaries
Social security costs
Other pension costs
1,294,174
95,668
24,811
1,209,298
91,359
19.483
1,414,653
1,320,140
The average monthly number of employees during the year was as follows".
2023
59
2022
60
Direct
Management
61
61
No employees received emoluments in excess of £60,000.
The average number of fulklime equivalent employees linduding casual and part-time staffj during the
year wa$ 4012022.. 401.
The Charity considers rts key management personnel compnse the Iruslees. the Administration
Manager and the Matron & CQC Registered Manager. The total employment benefits including
employer pension contributions of the key management personnel were £116,72412022.. £48,648).
The Administration Managerfs salary has been dassified as parfly charitable activities expenditure and
partly govemance costs.
11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTMTIES
Unrestricted
funds
Restricted
funds
Totsl
funds
INCOME AND ENDOWMENTS FROM
Donats'ons and legacie5
3,826
3,826
Charitable activities
Nursing and caring
1,472.622
1,472,622
Investment income
86
Totsl
1.476.534
1,476.534
EXPENDITURE ON
Raising funds
1,430
1,430
Charitable activities
Nursing and caring
1.776.771
1,776.771
Total
1,778.201
1,778,201
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HOME OF COMFORT
NOTES TO THE FINANCIAL STATEMENTS- ¢oDtinued
FOR THE YEAR ENDED 31 DECEMBER 2023
11.
COMPARATV4ES FOR THE STATEMENT OF FINANCIAL ACTMTIES- continuèd
Unrestricted
Restricted
funds
funds
Total
funds
Net gainslllossesl on investments
179.920
179,9201
NET INCOMEIIEXPENDITURE)
{381,5871
1381,5871
RECONCILIATION OF FUNDS
Total funds brought forward
1,543.589
1,543,589
TOTAL FUNDS CARRIED FORWARD
1.162.002
1,162,002
11 TANGIBLE FIXED ASSETS
Improvements Fixtures
lo
and
propety
fitb'ngs
FTeehc4d
property
Totsls
COST
Al 1 January 2023
Additions
151.514
128,381
113,536
2,B65
393,431
2,865
Al 31 December 2023
151.514
128,381
116,401
396,296
OEPRECIATION
Al 1 January 2023
Charge for year
74.225
3,030
93.064
9,799
105,740
6,448
273,029
19,277
Al 31 December 2023
77.255
102,863
112,188
292,306
NET BOOK VALUE
At 31 December 2023
74,259
25,518
4,213
103,990
Al 31 December 2022
77.289
35.317
7,796
120,402
All the above assets are used for the direct fvrtheran¢e of Ihe tharity's obl￿tiveS.
13. FIXED ASSET INVESTMENTS
Listed
investments
MARKET VALUE
At 1 January 2023
Additions
Oisposals
Revaluation5
1,018,295
876.400
11,149.267)
59,702
At 31 December 2023
805,130
NET BOOK VALUE
At 31 December 2023
805,130
At 31 December 2022
1,018,295
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HOME OF COMFORT
NOTES TO THE FINANCIAL STATEMENTS- ¢oDtinued
FOR THE YEAR ENDED 31 DECEMBER 2023
13.
FIXED ASSET INVESTMENTS- continued
There were no investment assets outside the UK.
14. DEBTORS.. AMOUNTS FALUNG DUE ￿THIN ONE YEAR
2023
2022
Other debtors
Prepayments and accrued income
19,119
10,051
12,379
12.653
29,170
25,032
15. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
2022
So¢ial security and other tsxes
other creditors
Accrued expenses
29,110
17,372
1,149
58.088
52,038
81,148
76,609
16. ANALYSIS OF NET ASSETS BETWEEN FUNDS
2023
Totsl
funds
2022
Totsl
funds
unrestn.cted Re¥tn"cted
fvnds
fvnds
Fixed assets
Investments
Current assets
Current liabilities
103.990
805.130
74,220
181.1481
103,990
805,130
74,220
181,14BI
120.402
1,018.295
99,914
176,6091
902,192
902,192
1,162,002
17. MOVEMENT IN FUNDS
Net
movement
in fund$
Al
31.12.23
At 1.1.23
Unrostrlctod fund$
General fund
1,162,002
{259,8101
902,192
TOTAL FUNDS
1.162.002
{259,B101
902,192
Nel movement in funds. induded in the above a￿ as follows".
Incoming
resources
Resources
expended
Gains and
losses
Movement
in fvnds
Unrgstricted funds
General fund
1,645.765
{1,964,6481
59,073
{259,8101
TOTAL FUNDS
1,645.765
{1,964,6481
59,073
1259,8101
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HOME OF COMFORT
NOTES TO THE FINANCIAL STATEMENTS- ¢oDtinued
FOR THE YEAR ENDED 31 DECEMBER 2023
17.
MOVEMENT IN FUNDS- continugd
Comparativas for movemènt In fvnds
Net
movement
in fvnds
At
31.12.22
At 1.1.22
Unrestricted funds
General fund
1,543,589
{381,5871
1,162,002
TOTAL FUNDS
1.543.589
1381,5871
1.162.002
Comparative net movement in funds. indude(J in the above a￿ as follows".
Incoming
resources
Resources
expended
Gains and Movement
losses
in ftjnds
Unrestriclgd funds
General fund
1,476.534
{1,778,2011
179,9201
{381,5871
TOTAL FUNDS
1.476.534 {1,778.2011
179.9201
1381,5871
18. RELATED PARTY DISCLOSURES
There were no rdaled paty transactions for the year eTrJed 31 December 2023.
ULTIMATE CONTROLLING PARTY
The Charity is under the contrd of ts Trustees. No one Trustee has sufficient control over the Charty.
Page 21