Baxendale Care Home
Annual Report & Accounts for Year Ending 31$1 knqarch 2024
BAXENDALE CARE HOME
ANNUAL REPORT
AND
FINANCIAL STATEMENTS
For the year ended 31 March 2024
Registered Charity No. 1186304

Baxendale Care Home
Annual Report & Accounts for Year Ending 31st March 2024
REFERENCE AND ADMINISTRATIVE INFORMATION
The Trustees who served during the period are listed below.
Fiona Halstead
Colin Liversidge
Jose Cronin
Andy Henderson
Bruce maUnder-Ta￿0r
Claire Bannistar
Peter Smilh
Ray Ellis
Marilyn Teslar.
Peter Burd
Brian Hosier (Appointed 15 November 2023)
Jo Selwyn lappointed123rd August 2023
Brian Charles (Resigned 241h May 2023)
Chair ofTrustees
The address of the Home is Baxendale, London N20 OEH, and all correspondbnce should be sent to this
address.
The Secretary to the Trustees is Dawd French FCCA, to whom all enquirtes should be made.
AGENTS AND ADVISORS
Auditors
NA Associates LLP, Chartered CertTfied Accountants, Woodgale Studios
2-8 Games Road, Cockfosler5, Barnet, Herts EN4 9HN
Bankers
Barclays Bank PLC
Investment Manager
CCLA, One Angel Lane, London, EC4R 3AB
Solicitors
Anthony Collins. 134 Edmund Stre81, Birmingham B3 2ES

Baxendale Care Home
Annual Report & Accounts for Year Ending 31st March 2024
STRUCTURE. GOVERNANCE AND MANAGEMENT
The charity was orlglnally founded in 1861 and the present site of the Home became the property of the
Charity by a Deed of Gift dated 31 October 1892. The Charity was governed by a Scheme under the Seal
of the Charity Commissioners dated 5 December 1960 as an unincorporaled charity, regulated by the
Charity Commission of England an(1 Wales. In 2019, the chartty applied to the Charity Commission to
regisler as a CIO, operating under the same name. The Charity Commission approved the CIO'S
constitution with its revised Objects and the CIO was registered on 12 November 2019 (Charity Registered
Number 1186304). In March 2021 the Trustees agreed to Iransfer the 8ssets and liabilities of the fomier
unincorporated charity to the new CIO on 1 April 2021. The CIO took on responsibility for all Ihe assets
and liabilities of the unincorporated charity on 1 April 2021. The fomier unincorporated charily ha5 now
been dissolved.
The Home is registered by tha Care Quality Commission ￿rtifiCate number 1-328067446 as a Residentlal
Care Home ICRHI. It can accommodate men and women but underan Orderfrom the Charity Commission
with a preference to women.
The Hotne has 43 rooms and can accommodate up to 45 residenls. The aim of the Trustees is to provide
comfortable and as far as possible, independenl residenlial care for all resident5. Each resident ha5 their
own room and is able lo bring their own furniture and possessions into that room. There is a cornmunal
dining room and a large lounge with several smaller areas for quleler activities or for family gatherings. All
rooms in the main home are now ensuite. There is a programme of activities for residents to join if they so
wish.
There is no geographical Ilmitation for the residents who can be accepted, but the Home is not registered
for nursing care and, therefore, an assessment has to be made to ascertain, as far as possible, that the
Home is suitsble for the person concemed. Residents are accepted who are both financially independent
and those who either now or in the future may need to rely on some financial assistan￿ from a local
authority- In these cases the prior approval of the local authority has to be obtained before Ihe residency
is taken up. In addrtion lo full time residency the Home does cater lor respite care.
ORGANISATION STRUCTURE
The Constitution directs that there should be at least 6 Trustees responsible for the administration of the
Charity and of ils land. buildings, investments, cash, and other assets. There is no upper limit. The
quorum for a valid meeting is three or one third of the trustees whichever is the greater.
Truslees serve for a period of five years and may then be re-elected by the remaining Trustees. Any
appointmenl Is approved by a majority vote of the continuing Trustees. New Trustees have induction
training with the secretary.
There are, in addition. two principal sub committees.
Flnance and General Purposes Commlttee. This Committee advises the Trustees on financial
matters, the maintenance and improvement of buildings, fees to residents and major slaffing
matters. The Committee usually meets four times a year.
House Cornmlttee which must have at least one Trustee on ils membership and is under the
leadership of a Trustee. It usually meets twelve limes a year and gives oversight of the staffing
and day lo day administration of the Home, and the health and well being of residents whilst
giving general support lo the manager.
The day to day running of the Home is under Ihe supervision of Ms Jacqui Gordon the registered
manager.

Baxendale Care Home
Annual Raport & Accounts for Year Ending 31st MarGh 2024
Risk Managemant
The Trustees have consldered the key risks which face the Charity. and these are:
A failure to attract new residents
Difficulty in recruiting sultal￿e staff
The obsolescence of buildlngs and plant
Comp5ying with ever increasing regulations and legislation
The Trustees endeavour to mitigate these risks as follows.
To maintain a high level of client satisfaction which produces referrals and favourable reports
from monitoring organisations. The profile of the home is enhanced by regular advertising. a
good website and S¢xial media.
The Trustees have a policy of paying the London Living Wage as a minimum to all slaff and to
retain the differential for more senior Staff. A favourable pension scheme has been introduced
for all slaff and regular appraisals and tralning gSve opportunities for progression in the
organisalion
A Designated Fund has been set up to deal with major repaSrs to bolh buildings and plant. The
fund has grown substantially over the years so is thought to be adequate for all likely repairs.
The Trustees have agreed to keep a strong managemenl team to give more support to the
manager in anlicipalion of keeping up to dale with changes on a limely basis. Policies and
Procedures are reviewed on a regular basis.
The task of monitollng the Charity's financial conlrol systems is delegated to the Finance and General
Purposes Committee. We continue to keep under review the adequacy of the controls which wg consider
to be appropriate for the size and nature of this charity.
ststement of Trustee5' ResponsTbilities for the Annual Accounts
The Trustees are responsible for preparing the Trustees, Report and the financial statements in
accordance with applicable law and United Kingdom Accounling Standards (United Kingdom Generally
Accepted Accounting Practice).
The Law applicable to chartties in England & Wales requires the Truslees to prepare financial statements
for each financial year which give a true and fair view of the state of affairs of the Charily and of the
incoming resources and application of resources of the Charity for that period. In preparing these financial
slatemenls, the Trustees are required to..
seled suitable accounting policies and apply them consislently.
observe the methods and principles in the Charitses SORP IFRS102).
make judgements and estimates that are reasonable and prudent.
state whether applicabl8 a¢counling standards have been followed, subject to any departures
disclosed and explained in the financial statements, and
prepare the financial statements on the going concern basis unless it is inappropriate to presume
that the Charity wll continue in operation.

Baxendala Care Home
Annual Report & Accounts for Year Ending 31st March 2024
The Trustees are responsible for keeping proper accounting records Ihat disclose with reasonable
accuracy at any lime the financial position of Ihe Charity and enabl8 them to ensure that the financial
statements comply with the Chari118s Act 2011, and the provisions of the trust deed. They are also
responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the
prevention and deteclion of fraud and other irregularities.
Financial Review
The home ended the financial year with an operating deficit of 175k (22123 £306k deficit). We have seen
occupancy Increasing signrficantly in Ihe second haK of the year and this was the primary driver for the
improved operating position.
After considering £295k gains on our listed investments and an increased revaluation of property of
£500k, the balance sheet of the home increased by £620k (22123 £1,290k decrease), which is a great
outcome.
During the year we commenced the last stage of our refurbishment, which was the communal areas on
the ground floor. The total contract value of £1.5M and by year-end we were approaching the half-way
stage of ihis work, which ended in November 2024.
The balance sheet value remains buoyanl, wilh healthy unrestricted reserves and overall reserves also
healthy. We continue lo be backed by good Gash reserves and have access lo our CCLA listed
investments, which are being used to finance the refuTbishment projeGt.
Towards year-end we saw increased occupancy which bodes well for the future and OL5r financial
position enabled us to give our staff a pay award which helped miligaled the financial pressures.
Investrnont Powers, policy and ￿rforrnance
There are no specffic investment powers In the Constitution and, the￿fOre, the promslons of Ihe Trustee
Act 2000 apply.
The Trustees continue to hold longer term funds in CCLA for them lo manage in their Charities Ethical
Investment Fund.
The investment policy is aimed at a ￿-fOld retum.
The Trustees aim for safe long-term growth in the value of investmenls. This year, that growth
was £295k, which is a goA increase on the portfolio value and the Trustees remain satisfied
with this perfo￿n3n￿.
Income generated lo support our I&E position is the second requlrement. This year. the figure
was £151k which is a relum of 3.5Yo.
Combined, the Investment portfolio held with CCLA generated £446k for the home.
ReSen￿S
The Trustees have reviewed the nèed for reserves in lino with the guidan￿ issued by the Charity
Commission. In past years it was considered desirable to invest surplus funds in property and quoted
inveslrnents in order to secure a regular income. Part of Ihese investments came from the balance of
Perrnanenl Endowment and the balance from Unrestricted Funds and are Irealed as Fixed Assets on the
Balance Sheet. Values, particularly of the investment properties, have increased substantially over the
years but are unrealised gains. Improvements have in the main been provided from Unrestricted Funds.

Baxendale Care Home
Annual R8POrt & Accounts for Year Ending 31s1 March 2024
The current balance on non4esignated Unrestricted Funds is £2.66M., Iwelve months operating costs.
Our principal objective is lo provide a home for the aged who need assistance. The Trustees believe many
elderly people need rnore than finan¢ial assistance but recognise that financ(al need does play 8 part.
They meet this need by keeping fees for all below market rales and by working with the local authority to
accept residents at lower fees where resources are such that the local authority pay part of the fee. With
the severe pressures on local authority finances there is increasing pressure not to refer clients to
residential care even those who need such G8re. The Trustees consider that some direct funding may be
needed in the future and need to keep a strong financial position in order that they can ￿ntinUe to meet
this need.
On this basis il is still considered the current level of reserves is appropriate, and we will continue to
ganerate funds to re-invest, thereby ensuring ongoing excellence as well as financial suslainability.
Achievement and performance
Following the refurbishment of the long and short corridors, occupancy has increased during the year to
the extent that we were close to being full by the end of the financial year. We have a small number of
local authority resldents and income from resid6ntial fees has grown throughout the year.
The demand for good quality labour is high in our sector and the Trustees remain committed to recruiting
and retaining good quality slaff by offering wage increases that help miligate inflation plus other benefits
including our pension. Our use of agency in hard to recruit areas has risen, but we recognise that the need
to fill these posts, whilst comlng al a cost, contributes lo our ongoing quality and the residents are al the
heart of ever￿1ng we do.
Works on the entrance and exterior commenced in November 2023 and by the end of 2024. we will have
ended a period of about two year5 of refurbishment and renewa15 - giving our residenls. their relatives
and our staff first class accommodation and So￿1ces.
Public Beneflt
The Trustees are aware of the need to demonstrate public benefit and in planning our activities during the
year we have kept in rnind at our meetings the Charity Commission guidance and in particular we have
given careful consideration to the guidance given to fee charging charities.
Residency in the home is available lo all elderly people in ne8d no matter what baG*ground. faith. gender,
or personal cirCumstan￿S although our Charitable Trust does require us10 9ive preference to women.
There is a trial period of residency to make sure Ihe needs of the applicant can be met followed by a
welcome meeting.
Fees are usually set to balan￿ annual outgoings. including regular maintenance of the estate. No
allowance is made for rent as the Trust owns the freehold of the building within its Permanent Endowm&nt
Fund. We do not seek to raise funds exiernally and legacy income is used to offset revenue costs unless
thgre was a restriction placed on the gift. In this way the Trustees aim to prolect the Permanent
Endowment Fund for future generations. Allowance must be made for a reduced rate payable by local
authorities and the resulting rate is the fee charged lo residenls who are financially independent.
No resident has ever been asked to leave the home on the grounds that they cannot pay the fees.
Arrangements for Setting pay
All staff pay is reviewed on al least an annual basis. The Trustees have decided the minimum houfly rate
will correspond to the last announced London Living Wage hourly rate and that the differential with more
senior staff will be retained. Exceptional performance is reviewed on an ad hoc basis.

Baxendale C8re Home
Annual Report & Accounls for Year En(ling 31Jl March 2024
Aim¥ and Plans for the future
Al present we are looking at how best we ￿ use the reS￿JrCeS available to us and lo ensure all our
resldents. includtng thoBe Ilving with dementia, receive the be81 ongoSng Standard of care.
Fln•ncial ¥tat•monts
The accounts comply wlth current staltrtory requirements, the requirements of the Char(￿$ governing
document and the requlrernenls ofthe Statwngnt of Re￿fflended Praditt8"Accountlng and Reportlng
by Chariiie5" IFRS102).
ON BEHALF OF THE TRUSTEES
PL4a Jl-e-
All. Flona Halstead
Chalr
Oat•d: Qq. I

Baxendale Care Home
Annual Report & Accounts for Year Ending 31st March 2024
Independent Auditorfs Report to tho Trustees of Baxendale Care Homo
Opinion
We have audited the financial statements of Baxendale ca￿ Home (the 'Charity') for the year ended 31
March 2024 which comprise the Statement of Financi81 Aotivilies, the Balance Sheet, the Slalement of
Cash Flows, and notes to the financial slalements numbered 1-16. including a summary of significant
accounting policies. The financial reporting framework thal has been applied in their preparation is
applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102
The Financial Reporting Stand8rd applicable in the UK and Republic of Ireland (Uniled Kingdom
Generally Accepted Accounting Pra¢ti¢e).
In our opinion the financial statements-.
giv8 a true and fair wew of the state of the Charity'5 affairs as at 31 March 2024, and of its incoming
resources and application of resourGes, for the year then ended-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice-, and
have been prepared in accordance wlth the requirements of the Charities Acl 2011.
Basis for opinion
We conducted our audrt in accordance with International Standards on Auditing (UKI (ISAS {UK)) and
applicable law. Our responsibilities under those standards are further described in the Auditor's
responsibilities for the audit of the financial statements section of our report. We are independenl of the
Charity in accordance with the ethical requirements that are relevanl lo ouraudil of the financial statements
in the UK, including the FRC'S Ethical Standard. and we have fulfilled our olher ethical responsibilities in
accordan￿ with these requirements. We believe that the audit evidence we have obtained is sufficienl
and appropriate to provide a basis for our opinion.
Concluslons relating to going concern
In auditing the financial statemenls, we have concluded that the trustees, use of the going Goncern basis
of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not idenlified any material uncertainties relating to events
or conditions that, individually or collectively. may cast significant doubt on the charitys ability to Gonlinue
as a going concern for a period of at least twelve months from when the financial statements are aulhorised
for issue.
Our responsibilities and the responsibilities of Ihe trustees with respect to going concern are described in
the relevant Sections of this report.
other inform'ation
The other information comprises the infomialion included in the trustees, annual report, other than the
financial statements and our audilorfs report Ihereon. The trustees are responsible for the other
informalion. Our opinion on the financial statements does not cover Ihe other information and we do not
express any form of assurance conclusion Ihereon.
Our responsibility151o read the other infomiation and, in doing so, consider whether the other information
is materially inconsistent with the financial slalemenls or our knowledge obtained in the coijrse of the aLwJit
or otherwise appears lo be materially mi5Staled. If we identify such material inconsistencies or apparent
material misstalemenls. we are required to determine whether this gives rise lo a material misstatement
in the financial statements themselves. If, based on the work we have performed. we conclude that there
Is a material misstatement of this other information, we are required to report that fact.
We have nothing to r6POrt in this regard.

Baxendale Care Home
Annual Report & AGcounts for Year Ending 31st March 2024
Matter5 on which we are required to report by exception
We have nothing lo report in respect of the following matters in relalion to which the Charities (Accounts
and Reports) Regulations 2008 require us to report lo you if, in our opinion..
the information given in the financial statements is inconsistent in any material respect with the
Trustees, Report- or
sufficient accounting records have not been k8pI,' or
the financial statements are not in agreement with the accounting reGords', or
we have not received all the information and explanations we require for our audit.
Responslbllltles of Trustees
As explained more fully in the Trustees, Responsibilities statement, the Trustees are responsible for the
preparation of finanaal slalemenls which giv8 a true and fair view, and for such internal Gontrol as the
Trustees determine is necessary to enable the pr8paralion of financial statements that are free from
material misstatement, whether due to fraud or error.
In preparing the financial stalements, the Trustees are responsible for assessing the Charitys abilily to
continue as a going concern. disclosing, as applicable, matters related to going concern and using the
going concern basis of accounting unless the Trustees either intend lo liquidate the Charity or to cease
operations, or have no realistic alternative but to do so.
Audltor's responslbllllles for the audit of the flnancial slatements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordan
with regulations made under section 154 of that Act.
Our objectives are lo obtain reasonable assurance aboLrt whether the financial ststemenls as a whole are
free from material misslalement, whether due to fraud or error, and to issue an auditor's report Ihal
includes our opinion. Reasonable assurance is a high level of assurance, but 18 not a guarantee that an
audit conducted in accordance with ISAS IUKI will always detect a material misstatement when il exists.
Misstatements can arise from fraud or error and are considered material if. individually or in the aggregate,
they could reasonably be expected to influ8nce the economic decisions of users laken on the basis of
these financial statements.
Irregularities, including fraud, are instsnces of non-compliance wilh laws and regulations. We design
procedures in line with our responsibilities, outlined above. to delect material misstatements in respect of
irregularities, including fraud. The extent to which our procedures are capable of delecling irregularities.
including fraud is detailed bel¢)w'.
Discussions with management, including consideration of known or suspected instances of non-
ompliance with laws and regulations and fraud,. and
Identifying and testing significant manual joumal entries and reviewing assumptions and
judgements made by management in making significant accounting estimates.
Because of the inherent limitstions of an audit. there Is a risk that we will not delect all irregularities,
including those leading to a material misstatement in the financial statements or non-compliance with
regulation. This risk increases Ihe more that compliance with a law or regulation is removed from the
events and transaclions relecled in the financial statements, as we will be less likely to become aware of
inslances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather
than error, as fraud involves intentional concealment. forgery, colluslon, omlssion, or misrepresenlatlon.
A further description of our responsibilities for the audit of the financial statements is located on th8
Financial Reporting Counal's website at.. www.frc.org.uklaudilorsresponsibilities. This description forms
part of our auditorfs report.

Baxendale Care Home
Annual Report & Accounts for Year Ending 31st March 2024
Use of Our Report
This report is made solely lo the Charily's Trustees, as a body, in accordance with Part 4 of the Charities
(Accounls and Reports} Regulations 2008. Our audit work has been undertaken so that we might slate to
the Charily's Trustees those matters we are required to slate to them in an auditols report and for no
oth8r purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone
other than the Charity and the Charity's Trustees as a body, for our audit work, for this report, or for the
opinions we have formed.
LLP
NA A55oclates LL.P
Chart8red Certified Accountant5
statutory Auditr)r
Woodgate Studios
2-8 Games R08d
Cockfosters
Hertfordshire
EN4 9HN
Date:. 1¢4
- iC•xS
NA Associates LLP is eligible to act as an auditor in leTm5 Of 5ectbn 1212 of Ihe Companiès Act 2006
io

Baxendale Care Home
Annual Report & Accounts for Year Ending 31st MarGh 2024
STATEMENT OF FINANCIAL ACTIVITIES
For the year ended 31 March 2024
Pèmiamnt
Endowmert Tolal 2024
Fund
Tolal 2023
UhM&trlctsd Restrl¢ted
£OWs
£000
£ Ootrs
In¢•mè from..
hcometrom Charftable 3cV￿￿8&
Donatlons and legacies
eharfts￿e a¢ti%ryVe5
hveslnEnl he￿rr
Otherlncome
Totsl In¢om• an41 endowments
15
1,778
58
1,356
285
1,778
285
1.795
285
1,710
Exp¢ndttyro on:
Charflai48 a¢lliles
2.222
1.975
41
1016
33
2.2S5
Tolal •xp•ndltwo
2,255
Ngt Income I18xp•ndltsJro1 beforB
G4lnsl IID&8e81 on Invoslm¢nts
14601
11751
13D61
G￿nSI{￿s￿e$l on inv*trThnls
291
295
12041
G￿n$/(k)s￿5) w Invsstrn8nttry
S(A)
5CK)
1780
N•t Income Ilexp•nditfftl
516
11,290
Gdns I Iks8es1 m Fixed A888ts
Transfers betsveen funds
285
2851
Net movement In fvnd¥
329
291
6ZO
11.2WJI
Reconclllauon of fund¥'.
Tthal lunds tKoUghtfO￿a[d 4t 1itAprll 2023
2,091
9,924
12,Q15
13.305
Tot•1 funds forward at 31¥t Mareh 2024
12,635
All amounts relate to continuing activities.
The stalemgnl of finanaal activities includes all galns and losses recognised In the yoar.
The 2023 comparative analysis is shown in note 18.
The notes on pages 14 10 22 form part of these financial slalemenls

Baxendale Care Home
Annual Report & Accounts for Year Ending 315f March 2024
Balan¢• 8héo1 as at 31•1 March 2024
FIXED AssErs
Tangib￿ agsets
In￿Str￿nts
4.373
6.080
5,226
11.6B6
CURRENT ASSÉTS
Sts)¢k
Cash at ba￿and In h
1,251
1.511
CREDJTORS: lalung du• wllhln one ye•r
350
NEf CURRENT A8SETS
11635
12.015
TOTPL ASSETS LESS LIAB￿rrEs
CAPITAL FUND
Pemwent Endwnnt Fund
9115
10,215
9,924
IKrxE FUM)
Restrlctsd Fund
Unre8trlctsd Fund
Oowgnabj
11
2.370
10
TOT￿ FLV4DS
11015
Approved by the Bowd of Trustees on
and signed on theirbehaif by
.. TTUStee
Ms Flona Halstead- Chair ofThstses
12

Bax&ndale Care Home
Annual Report & Accounts for Year Ending 31st March 2024
Cash Flow Statement for Year Ending 315t March 2024
£ OOO'S
£ IJ0￿5
Cash flow from operatlng a¢tivitie8
11551
{4541
Cash flow from Divesting aetkniies
PayffEnts to acquir8 tangib18 fly£d assets
PayrTwIts ts acquire invesb1￿ts
1n%esb)￿rt i1￿0￿ r8cwved
11,4901
11,0221
285
sa￿ of Investrnènts
1,100
11051
8&)
Net cash Ilow from irNesting a¢tivlil6s
Nat cash Ilow from fman¢ing actfr41tl8S
12601
13421
N•t incr•aso kn cash and cash oquivalBnts
Cash and cash eqlfjva￿nts al 1 A)ril 2023
1.511
1,853
Cayh and cash eqUl¥p￿nts at 31 March 2024
1.251
1,511
Changè in Cash and Cash Eq￿[valents
1260}
13421
Cash and eash Oqufvalents consL8t of
Cash a1￿k and In h
1.251
1.251
1.511
1,511
Reconciliation of net incom• I lexpendlturel to net cash
fhw from operating activities
Nat l {e>pendSttJrel for year
820
11.2go)
In¥estsnent Inc(me welved
1285)
78
12851
14
Dèpreclaucn of assds
l&insl I k)sses on in￿$b￿ltS
(Gainsl I k)5Se5 on invests￿1 propwty
IltKreasel I decrease in stock
Ilncreasel I decrease in debtors
(Decrease) I Increase in cr8ditrys
Net cash flow from operating actwltles
1296)
Isoo)
204
275
223
11511
1454)
{1551
13

Baxendale Care Home
Annual Report & Accounts for Year Ending 31st March 2024
NOTES TO THE FINANCIAL STATEMENTS
For year ending 315t March 2024
ACCOUNTING POLICIES
As sel out in the Charilles SORP, conversion of the charity from an unlncorporaled Irusl to a CIO was accounted f¢x
as a merger in the perlod ended 31 March 2022. The irnpacl of this is that the assets, liabilities and funds are
presented as though they had always been part of the CIO.
The PTlncipal a¢counling policies adopted in preparing the financial statements are sel out below'.-
The Charity con8tilules 8 public benefit entity as defined by FRS 102. The financial statements have been prepared
in accordance with Accounllng and Reporting by Charities.. Statement of Recommended Practice applicable lo
charities preparlng their accounts in accordance with the Financial Reporting Standard appliCa￿e In the UK and
Republlc of Ireland IFRS 102} issued in O¢lober 2019. The Financial Reportlng Standard applKable in th8 United
Kingdom and Republlc of Ireland IFRS 102). The Charities Act 2011, and UK Generally Accepted Practice.
The financial slalemenls are prepared under the historical cost convention, modified by the revaluallon of investment
properties and investmen15. The Trustees consider that therè ate no materlal Un￿rtainlieS about the Charltys ability
lo continue gs a going COn￿M.
The significant areas of judgement and key assumptions affecting the financial statements include the valuation of
the investment properties, See aole 5. With respect to future periods, the significant alea of uncertalnly remains the
performance of the investments of the Charity. Investment policy con5id6ralions are detailed in the Trustees ReporL
GOING CONCERN
The flnancial slalemenls have been prepared on a going concern b8sls. The Trustees have considered the level of
funds held and the expected level of income and expenditure for 12 months from aulhorising these financial
slalerllenls. The budgeted income and 8xpenditure is sufficient with the level of reserves for the Charity lo be able
lo continue as a going concern.
INCOME
Donations and legacle5 are accounted for as their amount and reGelpt are probable.
Investment Income comprises mainly dividends, rents and interest on funds Invested which are credited lo
Permanent Endowment in accordance with the Application of the Power of Total Return.
Charitable Actlvltlas comprises fees ¢harged lo residents and Local Aulhorllles for residents on an accruals basis.
In¢ome received in advance is included in deferred Income in creditor5
EXPENDITURE
Exwnditure on Charitable Activities comprise those expenses directly related lo the principal a¢livily of Tunnlng
a ￿sidentIal home for the elderly. All expenditure is accounted for on an accruals basis and is fully analysed in the
notes.
Other expttnsè5 represent the cos15 of the Secretaryrrreasurer in deallng with matters relating lo govern8n¢g
including proV￿1ng Information lo the Trustees. internal audit, legal and extemal audit f8es.
PENSION CONTRIBUTIONS
During the year contributions continued lo a deflned Contribution workplace pension scheme for all employees.
14

Baxendale Care Home
Annual Report & Accounts for Year Ending 31sI March 2024
NOTES TO THE FINANCIAL STATEMENT5
For year ending 315t March 2024
TANGIBLE FIXED ASSETS
The Trustees capitalis8 all fixed as5els that cost more than £1,000 and have a useful1rf8 of moTe than S year5. All
tangible fixed asset categories are ststed at cost.
DEPRECIATION
Depreciation is calculalgd so as to WTile off the cost or estimated Wdluatson of an asset,18ss ils estimated residual
value. over the useful economic life of that asset as follows.
Equlpmenl
10Yo straight line basis
Furniture, fixtures and fittings
10DA 51ralghl line basis
Conservatory
10°h slralght line basis
Freehold land and buildings
1% straight line basls
From this year, th& Trustees dècided lo apply 1Qh per annum dep￿claI10n on f￿￿hold and E￿IldingS, reflecting the
fact that refurblshmenls will delerDrale over lime and require further investment.
INVESTMENTS
Inveslm8nts in both Current and fixed assets are carried forward al fair value and are induded al mid-mark81 value
al the balarKe sheet date.
Any changes in value during the year. wh8lher realiseé or unrealised are reported as other recogni5ed gains and
losses in the Statement of Financial Aclivili6$.
Income is accounted for on a receipts basis for quoted investments and an accrual basis for rènts and interest.
INVESTMENT PROPERTIES
Investment properties are measured al falr value al each retx>rting dale wth changes in fair value recognised by
movements in the SOFA.
DEBTORS AND CREDITORS REGEIVABLEIPAYABLE WITrIIN ONE YEAR
Debtor5 and creditors with no staled interest rate and Tecelvable or payable within one year are recorded al
transaction pri¢e. Any losse5 arlslng from Impairment are Tecognised in expenditure.
LOANS AND BORROWINGS
Loans and borrowings are initially recognised al the Iransactlon price including transaction costs. Subsequanlly, they
are measured al amtytised c051 using th'e effective interest rate method. less impairment. If an arrangement
constitutes a financial transaction it is measured al present value.
FUND ACCOUNTING
The Charity has the following funds for which il is responsible.
Unrostricted- fur￿$ which are expendable at the discretion of the TTuslees in furtherance of the obj8ctives.
Deslgnated - funds which have been sel aside by the Trustees for specffiG purposes. The aim and use of the
Designated Fund is sel out In the notes to the financial statements.
15

Baxendale Care Home
Annual Report & Accounts for Year Ending 31st March 2024
NOTES TO THE FINANCIAL sTATEME￿r5
For year endlng 31*t Ma￿h 2024
1. RESOURCES EXPENDED
2024
2024
Restrlcted'.ndowmBnt Fund
£ OOW5
£ ODif8
2024
Total
£ OOO'S
2023
Unrestrlcted
£ Ootrs
£ 00￿$
CharMalAE 4GtfvItI•s
Staff
1.s58
125
1,658
125
1.606
101
Caterlng costs
C￿8￿ang 8ThJ househo
PrOgr￿e ￿ti￿￿e5
M8dic81 se￿ceS
41
12
12
istration fees
lknden
Repairs & Mewal ￿u1PM
Ught * heat
35
102
102
90
12
Insur8nce
20
20
19
Water and seKage
Waste colecuon
11
11
DepreGSalon
Equlpmgnt hir?
TelEpIK
Prlal1r￿, StatiOn￿Y &
Ad￿kn￿ng, b￿￿h￿re$ and
Sundry wenses
fts to resideTts
78
78
14
10
IT Supwrt
Staft athwU$lng & trvjning
Bookkeeplng secr¥£rid
Cortsutsncy
19
19
28
13
2.222
13
2,222
10
1.975
Other
Secretarial SeThices
19
19
Bank Fe88
Lega pr￿￿10n8[
33
33
41
2,255
2,255
2.015
16

Baxendale Care Home
Annual Report & AcGounts for Year Ending 31st March 2024
NOTES TO THE FINANCIAL STATEMENTS
For year gnding 315t March 2024
TOTAL RESOURCES EXPENDED
Staff
Costs
£Q(M)'5
Depredatkjn
Other
Costs
£ th)'s
Total
2024
£OWs
Total
2023
£OQtrs
Charitable advltles
othèr
1.658
78
488
33
2,222
33
1,975
41
1,658
78
519
2.255
2,018
staff c05t5'.
Wages and salartes
so￿al 5ecurty costs
ency staff
Pension contllbutlons
1,379
118
106
1,299
122
27
58
658
Errployees eamlng [￿re than £eO.000
Average nurrtjer of Employ88S
61
02
Remuneratlon to Tmstaes
Key Management Pwsonngl
224
2. TRANSFERS BETWEEN FUNDS
The granting of the inve51ment power of total relurn was given on 1 November 2006. During the year,
the Trustees made a transfer of £285k unapplied total return to unrestricted funds in respect of the
charitable aclivities of th8 Charity. This amount was the income receivable during the period from
dividends, interest, rents and is comparable lo the income that would have been cr8dited without the
power. In these circumstance5 it was thought unnecessary lo take further advice.
TRANSACTIONS WITH TRUSTEES AND KEY MANAGEMENT PERSONNEL
No remuneration was paid to any Trustee12023 - none).
Total payments to key management personnel amounted to £188,404 {2023 - £224,165).
No amounts were reimbursed to the Trustees for costs incurred on behalf of Baxendale {2023 - £nill
17

Baxendale Care Home
Annual Report & Accounts for Year Ending 31st March 2024
NOTES TO THE FINANCIAL STATEMENTS
For year endin9 31%l March 2024
TANGIBLE FIXED ASSETS
Fumlture,
Flxtures &
Fittings
Freehold LDnd &
Bulldln95
Con&trNatory
Eqtslprnent
Total
E QOO'S
£ OW'S
4,309
1.490
675
6,474
£ 00￿$
245
£ tIOVs
4.830
Cost brought lo￿lTd 1stAprfl 2023
thilions
Transfers from hv8s1m8nt Propety
At 31 March 2024
38
238
675
6,995
38
238
245
Depreclatlon at 1 Aprll 2023
Charge for pethd
At 31 Mar¢h'2024
33
210
214
13
227
457
78
535
36
217
NET BOOK VALUES
A¢ 31 March 2Q4
6,419
21
18
6,460
At 31 Marth 2￿3
4.309
28
31
4.373
The fixed assets are used by the Home for its charitable acliwties.
During the year the warden5 house ceased to b8 recognised as investment property and was transferred
to freehold land & buildings, as part of the ground floor refurbishment.
FIXED ASSET INVESTMENTS
2024
21J23
Eow
tows
UK imle5tm•nt propertlo$
Op￿ing costl valuation 1 Pprfl 2023
Nel unreallsed InvesknEnl galn51 Ibssesl
DispogaL8 al fferkel value
Closlng marketv*lue 31 MaKh 2024
2,576
500
16751
2,400
3.355
17801
2,57S
HlsfTrl¢o1 Ct￿ as 8131 2023
479
553
Llstod Investrn8nts
Op￿ing n￿rket valu8 1 2023
Net InveStT[￿￿tgalns Ilbssesl
Reallsatlon of investrnents
Transfers from Current Investrnen15
C1051ny Tnarket valu8 31 March 2024
3,506
291
11,1001
130
2,827
4.532
11761
18501
3.506
Closlng hlstorlc ￿$1 85 9181 IAarth 2024
2,971
2,857
Closlng totsl market valuè 31 Mareh 2024
5,226
OBO
oslng tolal hlstodc costa$ at31 March 2024
3.450
3.410
All of the lisled investments are held in a fund managed by CCLA and includes the Extraordinary
Repairs fund IERFI which had a closing value of £37k and included a capital gain of £5k. This fund
sets aside monies for any extraordinary repairs as approved by the Trustees.
18

Baxendale Care Hoffte
Annual Report & Accounts for Year Ending 31sI March 2024
NOTES TO THE FINANGIAL STATEMENTS
For yéar ending 31st March 2024
Valuation of Flxed Asset Investmonts
The freehold land and buildings held as Fixed Asset Investments were valued on an open market
valuation as at 31 March 2024 by Mr BruGe Maunder-Taylor a Chartered Surveyor and a Trustee.
CURRENT ASSET INVESTMENTS
2024
£ OOO'S
2023
£ IJOO'S
Quoted Investments:
Opening market value 1 *I)ri12023
Additions- Extraordinary Repair Fund
Nel unrealised investn*nt gains I (losses)
Transfer to Flxed Pssel InvestnEnts
riiaiket value 31 Nlarch 2024
125
151
{271
{1301
125
Closing Historical Cost as at 31st March 2024
114
DEBTORS
2024
£000
2023
£ 00ty8
Prepayments
Trade Debtors
45
11
Legacy Debtors
Other deblors
30
CREDITORS
2024
EOW$
2023
£ 00ry5
CREDITORS: Amounts falling due wlthln on? year
Trade ueditors
Other tayation, soch21 sewrity and p8nson
ruals
Oth8r Creditors
41
32
276
18
31
76
350
126
CREDITORS.. Amounts lalllng due aftèr on? year
19

Baxendale Care Hon7e
Annual Report & Accounts for Year Ending 31st March 2024
NOTES TO THE FINANCIAL STATEMENTS
For year endlng 31Vt March 2024
9. PERMANENT ENDOWMENT
The original Charity was created by Deed of Gift dated 31 October 1892 comprlsing of freehold land
and propety al Totteridge Lane. London N20 and investments. These were incorporated into a
Scheme under the Seal of the Charity Commissioners dated 30 ￿e￿mber 1960.
10. DESIGNATED FUNDS
The income funds of the Home include the following designated funds which have been set aside out
of unrestricted funds by the Trustees for specific purposes.
Mov¢m*nts In Reserves
Net realised Imf.
GaIn￿lo$S85
Ba]anca
2024 31$t March 2024
e O¢TrYs
Balanc8
18t April 2023
£OWs
Incornlngloutgolng transfers
2024
2024
É 00￿$
£ I￿.$
M8ry Weslby
Repair5 Res.
97
635
732
1971
1585}
16821
50
50
1st Aprfl 2022
£ O¢KYs
2023
2023
2023 31st March 2023
Mary Weslby
RepBir5 Res.
124
585
709
1271
101
1271
97
635
732
The Repair5 Reserve is designated for the long-term maintenance requirements of the Home. Th8
reduction in the repairs fund during this year reflects the cosl of the ground floor refurbishment project.
The Mary Westby Fund, which was historically held to assist any resident, or potential resident. who may
not be able lo meet our fee5 either from their own resources or from Borough funding. This fund has not
baen accessed recent years hence a decision was taken to transfer the funds to general reserves.
11. RESTRICTED FUNDS
There are no restricted funds held by the home at the cuThent time.
20

Baxendale Care Home
Annual Report & Accounts for Year Ending 375t March 2024
NOTES TO THE FINANCIAL STATEMENTS
For year ending 315t March 2024
12. ANALYSIS OF NET ASSETS BETWEEN FUNDS
2024
Tanglbl8
Fixod A$5¢t5
£ ODD'S
Nèt Cuvrent
Amounts
Duè > i year
t QDO'S
Investments
Totsl
£OQOs
£ ooo..
£ DOO'8
UNRESTRICTED FUNDS
Gener
Desiqnatsd
2.326
44
2,370
50
44
ENDOWMENT FUND
4.134
5.176
905
10.215
63S
2023
Ttnlllblo
Flxed A55•15
É OOO'S
N•t Current
As¥•t9
£0Th)5
Amounts
D￿>1year
£ ODO's
Totsl
£ ODO'•
£ OOO'S
UNRESTRICTED FUNDS
General
Deslgnetwj
530
829
1,359
732
125
125
53Q
RESTRicfED FUNDS
ENDOWMENT FUND
6,080
9.924
13. RELATED PARTY TRANSACTIONS
On the 15th November 2023, Brian Hosier was elected as a Trustee. Prior to that he conducted
administration matters on behaK of Ihe Trustees including secr8tarial, accounting and general
advice. No payments were made to Mr Hosier following his appointment as Trustee.
1& FUTURE COMMITMENTS
The refurbishment work was Completed in Novembèr 2024. At 31" Marth 2024, the home had
outstanding contractual obligations of £680k (22123 £450kl.
21

Baxendal8 Care Home
Annual Report & Accounts ft)r Year Ending 31¥t March 2024
NOTES TO THE FINANCIAL STATEMENTS
For year endlng 315t Mar¢h 2024
15. APPLICATION OF THE POWER OF TOTAL RETURN
The Charity Commission permitted the Trust to adopt the use of total return in relatlon to tts pemianent
endowmenl inveslments and this has been applied since 1 January 2006. Thi5 power permits the
Trustees lo Invest the portrolio lo maximise 10181 return and to apply an appropriate portion of the tolal
return to income each year. Untsl the power is exercised to transfer a portion of unapplied total relum to
income (as disclosed in the fund Iransfgrs, note 2), the unapplied tolal return remains invested as part
of the Permanent Endowment. The original gift to the Charity was eS￿'Mated as al 30 December 1960
and agreed with the Charity Commission. The balance of the Permangnt Endowment as at 1 January
2006 was then agreed as the unapplied total retum.
2024
9,645
2023
10.601
Unapplled relufn as al 1st April
Add= Investment retum.. Divldends, Interest, rents
Gains I11055es)
285
291
10,221
285
1956
9,930
Less: Unapplled tol81 retum
2851
1285
Balance carried forward
9,936
9.645
Add.. Original value of gift
279
279
Pernianent Endowment Fund in¢luding unapplled Telurn
22

Baxendale Care Home
Annual Report & AGcounts ft)r Year Ending 31sI March 2024
NOTES TO THE FINANCIAL STATEMENTS
For yaar ending 31° March 2024
16. STATEMENT OF FINANCIAL ACTIVITIES 2023
The following is the statement of financial activilies for comparative purposes for year ending 31
March 2023.
Pèmian•nt
Endowment
Fund
Unrestrlcted Restrl¢ted
Total 2023
£ QQO'S
£ 00￿8
E OOO'S
£ OOO'S
Income from..
Income frorn CharfIab￿ 8Ctlvit(88
Donations and legad85
CharilablE actNities
InVestn￿￿t Inco
Other inwTT
Total Income and endowments
58
1,356
285
11
1,710
1,356
285
1,425
285
Expendliure on..
Charflabl8 acbvillas
Oth8r
Tot21 expenditure
1,975
41
2,016
1,975
41
2,018
Net inc¢Yne l {exp8nditurel beforo
Galns I Iloss8sl on Investments
15911
285
13061
Gains I (losses) on listed investments
(271
{1771
12041
Gains I Ilossesl on inveslment property
17801
17801
Ngt In￿￿? I l¢xpendltur•l
16181
16721
11,2901
Gains I Ilossesl on Fixed Assets
Transfers be￿en ftjnds
285
12851
Net movement In funds
13331
19571
11,2901
Re¢onclllatlon of fvnd$'.
Total funds brnught forward at 1st Aprll 2022
2,424
10.881
13.305
Total funds carried forward at 31st March 2023
2,091
9.924
12,015
23