Baxendale Care Home
Annual Report & Accounts for Year Ending 31st March 2025
BAXENDALE CARE HOME
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ANNUAL REPORT
AND
FINANCIAL STATEMENTS
For the year ended 31 March 2025
istered Charit No. 1186304

Baxendale Care Home
Annual Report & Accounts for Year Ending 31st MarGh 2025
REFERENCE AND ADMINISTRATIVE INFORMATION
The Trustees who served during the period are listed below.
Fiona Halstead
Colin Liversidge
Jose Cronin
Andy Henderson
BruGe Maunder-Taylor
Claire Bannister
Peter Smith
Ray Ellis (RÈsi9n8d 12th February 20251
Marilyn Testar
Peter Burd
Brian Hosier
Jo Selwyn (Resigned 201hAugust 2025)
Chair of Trustees
Chair of Finance & Fabric Committ88
The addr8ss ofthe Home is Baxendale, London N20 OEH, and all correspondence should be sent to this
addres8.
The Secretary to the Trustees is David French FCCA, to whom all enquiries should be made.
AGENTS AND ADVISORS
Audltors
Duncan & Toplls Audit Llmited, 3rd Floor, Marlborough House,
298 Regents Park Rd, London N3 2SZ
Bankers
Barclays Bank PLC
Investment Manag8r
CCLA, One Angel Lane, London, EC4R 3AB
Sollcitors
Anthony Collins, 134 Edmund Street, Birmingham B3 2ES

Baxendale Care Home
Annual Report & Accounts for Year Ending 31$t March 2025
TRUSTEES REPORT
STRUCTURE, GOVERNANCE AND MANAGEMENT
The charity was originally founded in 1861 and the present site of the Home became the property of the
Charity by a Deed of Gifl dated 31 October 1892. The Charity was governed by a Scheme underlhe Seal
of the Charity Commissioners dated 5 December 1960 as an unincorporated charity, regulated by the
Charity Commission of England and Wales. In 2019, the charity applied to the Charity Commission to
register as a CIO, operating under the same name. The Charity Cornmission approved Ihe CIO'S
constitution with its revised Objects and the CIO was registered on 12 November 2019 (Charity Registered
Numbér 1186304). In March 2021 the Trustees agreed to Iransfer the assets and liabilities of the former
unincorporated charity lo the new CIO on 1 April 2021. The CIO took on responsibility for all the assets
and liabilities of the unincorporated charity on 1 April 2021. The former unincorporated charlly has now
been dissolved.
The Home is registered by the Care Quality Comrnission certificate numb8r 1-328067446 as a Resid8ntial
Care Home (CRH). It can accommodate men and women but underan Orderfrom the Charity Commission
with a preferen￿ to women.
The Home has 43 rooms and can accommodate up to 45 r6sidents. The aim oftha Trustees is to providè
omfortable and as far as possible, independent residential care for all residents. Each resident has their
own room and is able to bring thelr own furniture and possessions into that room. There is a communal
dinlng room and a large lounge with several smaller areas for quieter 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 Ihey Bo
wish.
There is no geographlcal limitation for Ihe residents who can be accepted, but the Hom8 18 not r8gislered
for nursing care and, therefore. an assessment has to be made to ascertain, as far as possible, that the
Hom8 IS suitable for the person conc8rned. Residents are accepted who are both financially independent
and those who either now or in the future may need to rely on some financial assistance from a local
authority. In these casès the prior approval of the local authorlty has lo be obtained before the residency
is taken up. In addition to full time residency the Home does cater for respite care.
ORGANISATION STRUCTURE
Th& Constitution directs that there should be at least 8 Trustees responsible for Ihe administration of the
Charity and of its land, buildings, investments, cash, and olher assets. There is no upper limlt. The
quorum for a valid meeting is three or one third of the trustees whichever is the greater.
Trustees serve for a period of five years and may then be re-eleGted by th8 remaining Trustees. Any
appoinlment is approved by a majority vote of the continulng Trustees. New Trustees have induction
training with Ihe secretary.
There are, In addition, tmto principal sub cornmittees.
Finance and Fabric. This Committee advises the Trustees on financial matters, the
maintenance and improvement of buildings, fees to residents and major staffing matters. The
Committee usually meets four times 8 year.
House Committee which must have al least one Trustee on its membership and is under the
leadership of a Trustee. It usually meets twelve times a year and gives oversight of the slaffing
and day to day administration of the Home, and the health and well being of residents whilst
giving general supportto the manager.
The day to day running of the Home is under the supervision of Jacqui Gordon the registered manager
suppcrtÉd by David French, nominated individual.

Baxendale Care Home
Annual Report & Accounts for Year Ending 31st March 2025
Risk Management
The Trustees have considered the key risks which face the Charity, and these are..
A failure to attract new residents
Difficulty in recruEting suitable staff
The obso185renGe of buildings and plant
Complying with ever Increasing regulations and legislation
The Trustees endeavour to mitigate these risks as follows.
To maintain a high level of client satisfaction which ProdU￿S referrals and favourable reports
from monitoring organisations. The profile of the home is enhanced by regular advertising, a
good website and social media.
The Trustees have a policy of paying the London Living Wage as a minimum to all staff and to
retain the differential for more senior staff. There is a pension scheme for all staff and regular
appraisals and training giv6 opportunities for progression in th6 organisalion
A dedicated fund is used to look after the home's buildings and essential equipmÈnt, helping
lo make sure the environment remains safe, comfortable and pleasant for residents. As
plann&d, this fund has been used to support the recent refurbishment, bringing dire
improv8ments to residents, day-lo-day living Spa￿8. W8 will continue to build this fund over
time so the home can be refreshed and cared for w811 into the future, for the benefit of both
current and future residents.
The Trustees have agreed to keep a strong management team to give more support to the
manager in anticipation of keeping up to date with changes on a timely basls. Policies and
Procedures ar8 reviewed on a regular basis.
The task of monitoring the Charlly's financial control systems Is delegated to the Flnance and General
Purposes Committee. We contlnue lo keep under review the adequacy of the controls which w8 consider
to be appropriate for the size and nature of this charity.
Statement of Trugtees, Responslbllltles for the Annual Accounts
The Trustees are responsible for preparing the Trustees, Report and th8 financlal statements in
accordance with applicable law and United Kingdom Accounting Slandards {United Kingdom Generally
Accepted Accounting Practice).
Th& Law applicable to charities in England & Wales requires the Trustees to prepare financial statements
for each flnanci21 year which give a true and fair view of the state of affairs of the Charily and of the
incoming resour￿8 and application of resourtss of the Charity for that period. In preparing these financial
statemenls, the Trustee8 are required to..
select suitable accounting policies and apply them consistently.
observe the methods and principles in the Charities SORP (FRS102J.
make judgements and estimates that are reasonable and prudent.
state whether applicable accounting standards have been followed, subject to any departures
disclosed and explained in the financial statements, and
prepare the financial statements on the gDing concern basis unless it is inappropriate to presume
that the Charity will continue in operation.

Baxendale Care Home
Annual Report & Accounts for Year Ending 31s1 March 2025
The Trustees are responsible for keeping proper accounting records that disclose with reasonabl8
accuracy at any time the financial position of the Charity and enable them to ensure that the financial
statements comply with the Charities Act 2011, and the provisions of the trust deed. They are also
responsible for safeguarding the assets of the Charity and hence for laking reasonable steps for the
prevention and deteGtion of fraud and other irregularities.
Financial Review
This has been a very good year for 8axendale, with income increasing by 290k to £2.7M and an operating
surplus of £126k. The successful completion of the refurbishment has transformed the environment, giving
residents and staff a greatly improved facility that has been warmly welcomed. Occupancy has remained
consistently high, and resident satisfaction continues to be strong, reflecting the quality of care and comfort
provided. The Home's reputation has been further strengthen8d, and the Trustees are confident in its
ongoing stability and future growth.
The financial position has improved significantly compared to the previous yéar. Strong occupancy and
inveslrnenl Income supported the Home's operations, while expenditure remained carefully managed in
line with our commitment lo high-quality care.
The TrustÈes also acknowledge the ongoing cost of living pressures and have ensured that pay in¢rease8
reflect Ih8ir support for staff, helping the Home to recruit and relain the skilled team needed to deliver
excellencé in care.
Lcoking ahead, the Truslees are committed to contSnuing inveslrnent In the Home to ensure it remains
high-quality environment for residents and competitive wilhln the sector. The year ended with a posilive
operating position, backed by robust r8serves and sound financial governance, provlding a s8¢ure
foundation for the futur8.
Overall, the long-term positlon of the Hom8 IS strong, with sound reSe￿e8, committed slaff, and g clear
vislon for Ihe future. We are in a good plac8 to Continue dellvering outstanding care and ensuring that
Baxendale remains a trusted and much-valued home for ils residents.

Baxendale Care Home
Annual Report & AGGounts for Year Ending 315t March 2025
Investment Powers, policy and performance
There are no specific investment powers in the Constitution and, therefore, the provisions of the Trustee
Act 2000 apply.
The Trustees continue to hold longer term funds in CCLA for them to manage in th8ir Charities Ethical
Investment Fund.
The investment policy is aimed at a two-fold return.
The Trustees aim for safe long-term growth in the value of investments.
Income generated to support our I&E position is the second requir&ment.
Reserves
Th8 Trustees have reviewed th8 level of reserves in line with the guidance issued by the Charity
Commission. In past years, surplus funds have been invested in property and quoted investments to
provide a regular and sustainable incomè stream. These investments have been drawn partly from the
Permanent Endowm8nt and partly from Unrestricted Funds, and are treated as Fixed Assets on the
Balance Sheet. Values, particularly of investment properties, have increased substantially over tim8,
although these r&main unrealised gains. Improvements to the Home have largely been funded from
Unrestricted Funds.
The current balance on non-designated Unrestrided Funds is equivalent to around twelvè rnonths of
operating costs, being £2.32M123124 £2.37MI. Total reserves are £12.5m (23124 £12.6M).
The Trustees, principal objective is to provide a hom8 for the aged who need assistance. They recognise
that while many elderly people require more than financial support, affordability does play a part. To meet
thls need, fees are kept below market rates, and the home works with local authorities to accept residents
al lower f8es where necessary. With the ongoing pressures on local authority finances, the Trustees
acknowledge there Is an increasing risk that referrals may rèduce, and that some dlrect funding could be
required in the future. Maintaining a strong financial po8lllon is therefore 8ssential.
On thos basis, the Trustees consider the current level of reserves to be appropriate. Th8y remain
committed to generating funds to relnvest in the Home, ensuring continued 6xCellen￿ in care, long-term
sustainability, and the ability to respond ftexibly to future Challenges.
Achievement and performance
It has been a good year for th8 Home during 2024125. We suc￿sSfUllY completed the refurbishment
programme, and the new facilities now provide a greatly improved environment for our residents, staff,
and visitors. Feedback has been overwhelmingly positive, with residents enjoying the enhan￿d
surroundings and ¢onslstently high levels of satisfaction. Occupancy remained strong Ihroughoul the year,
giving Ihe Trustees confidence in both the financial stability and the continu8d reputation of the Home as
a welcoming and supportive plac8 to live.
We al80 recognise the importance of our Dementia Wing in supporting residents with a wide range of
needs, in an environment that feels safe, familiar and inclusive. The interior and exterior spaces have
recently been refurbished to create a comfortable, calm and supportive selting, focused on dignity,
reassurance and wellbeing. Alongside these improvements, we have strengthened safety by replacing the
fire escape and upgrading the conservatory area, ensuring the wing continues to meet high safety
standards while remaining a welcoming and compassionate Spa￿ for residents, families and staff.

Baxendale Care Home
Annual Report & Accounts for Year Ending 31st March 2025
By the end of the financial year, the Home was Close to full capacity. Our fees remain competitive and
offer excellent value for money in what is a very competitive sector, ensuring that we continue to attract
and retain residents while maintaining the highest quality of care.
The refurbishment has included the creation of a new cinerna room and a brand-new terrace overlooking
the lake, both of which have been warmly received by residents and their families. These
facilities provide not only comfort but also opportunitie5 for social engagement and wellbeing, enhancing
the overall quality of life for those who live al the Home.
The demand for good quality staff remains high across the sector, and during the year the Trust8es have
remalned committed to recruiting and retaining a skilled and dedicat6d workforce. Pay increases were
introduced to help mitigate the impact of inflation, supported by additional benefits such as the workplace
pension scheme. Whlle our use of agency staff has risen in areas that are harder lo recruit, we recognise
that filling these posts is essential to maintaining our high standards of care and ensuring residents remain
at the heart of everything we do.
Works on the entrance and exterior of the Horne progressed during the year, and by the end of 2024 we
complated a three•year period of refurbishment and renewal. This investment ensures that residents, their
relatives, and our staff benefit from first-class accommodation and facilities, securing a high-quality
environment for many years to come.
Publlc 8eneflt
The Trustees are very aware of th8ir responsibllity to ensure the Hom9 provides real public benefit. In
planning our actlvities, we always keep the Charity Commlssion's guidance in mind, especially the
advlce for charities that charge fees.
Our Home is open to all older people in need, what8ver their background, faith, gender, or personal
¢ir¢umstances. The only condition plac&d on us by our Charitable Trust is to give preference to women.
Every new resid8nl is offered a short trial stay to make sure their needs Can be properly met, followed by
a welcome m8eting lo help them and their families feel al horne.
We set our fees carefully to cover the running costs of lh8 Home, including ongoing maintenance.
B8cause we own the freehold ofthe building within our Permanent Endowment Fund, there is no rent to
pay. We do not actively fundraise, and any legacy gifts we recelve are used to support running costs,
unless the donor has asked otherwise. This way, the Permanent Endowment Fund is prèserved for the
benefit of future generations.
We also recognise that some residents come through local authorlty support. No resident has ever been
asked to leave the Home because they could not pay their fees.
The Trustees and management are proud that the home offers not only excellent value for money bul
also real peace of mind for residents and their families.

Baxendale Cwp Home
Annual Report & Accounts for YearEnding 31st Ma￿h 2025
Arrangements for settlng pay
Our stsff are al the heart of everythlng we do, and the Trustees are Committed to recognlsing their hard
work and dedlcation. Pay is reviewed * loast On￿ a year to ensur8 il remains fair, competrtlve, and
supportiv& of staff wellbeing.
We have pledged that no member of staff will bg paid tes8 than the most re￿￿tlY announGed London
Living Wage. and we maintain fair differentials for more senior roles to reflect responsibility. In addition,
excèptional perforn)an￿ is acknowledged outsrde of th8 annual review process, so that irKlividual
contributlons can bo rewarded when they make a real difference.
Thls approach reftects the Trustee8' commitment not only to providin9 8e¢uTIty and reCogni￿On for our
staff, but al80 to creating a workplace where p60ple feel valued and motivated to dellverth8 very best care
for our resldenls.
Alms and Plan8 forthe Futuro
Looking to Ihe future. our locus reÈnain8 fimily on thè peopl6 who call Baxendale their home. Wa want
every resident to feel safe, ¢ared for and valued, and to enloy the very beet quallty of Ilfe we c8n provlda.
This includ88 en8uring that residents living with demenlla receive the spoGialist support they need,
delhfered wlth ¢ompa881on. und8rst8nding and dlgnlty,
We will continue to invest in the Homa 80 that rt rémalns welcomlng. modern and of the high&8t quality.
Our newly refurbishad spac8s, includlng the cinema room and the terraco overlooking Ihe lake,
demonstrate how thoughtful Investment can frnrich everyday life for rn8idents and Greate w8lcomlng
space8 forfamillos and vl8ltor8 to enjoy togelher.
Safety and comfort ara a prlorlty. ar￿ we are committed to making 8ure all rasldents eAn move around the
Home easily, Confidently and wllh dignlty. To 8UPPOrt thls, we are 8coping the moderni8ation of the existlng
lift alongside tho ins1811atlon of a 8econd lfft, Improving acces6ibillty and r88l[len￿ for the future.
By comblning caTrfvl financial ¥tewardship with a d88p commltment to wam)th, compassion and per80n-
cenlred care, Iha Trustee8 are Confident that Baxendale will continu8 to thrive 8nd romain a trusted home
for resid8nts and families lor gonérations to come.
Flnanclal statemonls
The accounlg comply with currert statutory requirements, the requirements of the Charity's govemlng
document and the requirements of the Siat8ment ol Re￿mmend&d Praclice "Accounting and Reportlng
by Charltie$° (FRS102).
Ofrl BEHALF OF THE TRUSTEES
Ms. Flona Halstead
Chalr
Dated: Ig

Bsxendale Care Home
Annu81 Report & Accounts for Year Ending 3151 MarGh 2025
IndependentAuditor's Report to the Trustees of Baxendale Care Hom8
Opinion
We have audited the financial statements of Baxend8le Care Home (the 'Charily'} for the year 8nded 31
March 2025 which eomprise the Statement of Financial Activities, the Balance Sheet, the Statement of
Cash Flows, and notes lo the financial statements numbered 1-16, including a summary of significant
acGounting policies. The financial reporting framework that has been applied in their preparation is
applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102
The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally
Accepted Accounting Practi￿).
In our opinion the financl81 statements..
give a true and falr view of the State of the Charity's affairs as at 31 March 2025, and of its incomlng
resources and application of resources, for the year then ended.,
have been properly prepared in accordan¢e with United Kingdom Generally AccÈpted Accounting
Practice,. and
have be8n prepared in accordance with the requiremenls of the Charities Act 2011.
Basls for opinlon
We conducted our audit in accordance with Int8rnational Standards on Audlting (UK) (ISAS IUKI) and
applicable law. Our responsibilities under those standards are further described in the Auditor's
responsibilities for the audit of the financial slat8ments section of our report. We are independent of the
Charity in accordance wlth the ethical requirements that are relevant lo our audit of the financial statements
in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities In
accordanGe with these requirements. We believe that th8 audit evidence we have obtained is sufficient
and appropriate to provide a basis for our opinion.
Conclu$lons relatlng to golng concern
In auditing the financial statements, we have Goncluded that the trustees, use of the going concern basis
of accounting in the preparation of the financial statemants is appropriate.
Based on the work we have performed, we have not identified any material uncertalnties relating to events
or conditions that, individually or collectively, may cast significant doubt on th8 ch8rlly's ability to Continue
as a going ¢on¢ern for a period of at least twelve months from when the financial statements are authorised
for issu8.
Our responslbilities and th8 responsibilities of the trustees with respect to going Concern are described in
the relevant sections of this report.
Other informatlon
The other information comprises the information included in the trustees, annual report, other th8n the
financial statements and our auditor's report thereon. The trustees are responsible for the other
information. Our opinion on the financial statements does not cover the oth8r information and we do not
express any form of assurance conclusion thereon.
Our responsibility is to read the other informatlon and, in doing so, consider whether the oth8r information
is materially Ineonsislenl with the financial slaternenls or our knowledge obtained in the course of the audit
or otherwise appears lo b8 materially misstated. If we identify such material inGonsistencies or apparent
material misstatements, we are required to determine 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 misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.

Baxendale Care Home
Annual Report & Accounts for Year Ending 3tsl March 2025
Matters on which we are required to report by exception
We have nothing lo report in respect of the following matters in relation to which the Charities (Accounts
and Reports) Regulations 2008 require us to report to you if, in our opinion-.
the information given in the financial statements 18 inconsistent in any material respect with the
Trustees, Report., or
sufficient accounting records have not been kept., or
the financial statemènts are not in agreement with the accounting records., or
we have not received all the information and explanations we require for our audit.
Responsibilities of Trustees
AS explained more fully in the Trustees, Responsibilities statement, the Trustees are responsible for the
preparation of financial statements which give a true and fair view, and for such internal control as the
Trustees determine is necessary to 8nable the preparation of financial statements that are free from
material misstatement, whether du@ to fraud or error.
In preparing thè flnancial statements, the Trustees are responsible for assessing ihe Charity's ability tD
continue as a going concern, dlsclosing, as applicable, matters related to going concern and using the
golng concern basis of accounting unless the Trustees either intend lo liquidate the Charity or to ceas8
operations, or have no realistic alternative bul to do so.
Audltor's responsibllltles for the audit of the flnanclal statements
We have been appointed as auditor under section 144 ofthe Charities Act 2011 and r6Part in accordance
with regulations mad8 under section 154 of that Act.
Our objectlves are to obtain reasonable assurance aboul whether the financial statements as a whol6 are
free from material misstatement, whether due to fraud or error, and to issue an auditor's report that
includes our opinion. R88s0nable assurance is a high level of assuranc8, bul is not a guarantee that an
audit conducted in accordance with ISAS (UK) will always delect a material misstatement when il exists.
Misstatements can arise from fraud or error and are considered material if, indlvidually or in the aggregate,
they could r8asonably be 6xpected to influence the economic declsion8 of users taken on the basis of
these financial statements.
We have Identified areas of18ws and regulations that could reasonably be expected to have a material
effect On the financial statements from our general commerclal experience, knowledge of the sector, a
review of regulatory and legal correspondence and through discussions with Trustees and other
management obtained as part ofthe work required by auditing standards. We have also discussed with
the Trustees and other management the policies and procedures relating to compliance with laws and
regulations. We communicated laws and regulations throughout the team and remained alert to any
indications of non-Gompliance throughoul the audit.
The potential impact ot different laws and regulations varies considerably. Firstly, the charity is subject to
laws and regulations that directly impact the financial statements {for example financial reporting
legislation) and we have assessed the extent of compliance with such laws as part of our financial
statements audit. We evaluated management's incentives and opportunities for fraudulent manipulation
of the financial statements (including risk of override of controls) and determined that the principal risks
were related to management bias in accounting estimates and judgemental areas of the financial
statements such as depreciation of fixed assets, as well as the risk of inappropriate journal entries to
increase reported profitability. Audit procedures performed by the engagement team included the
identification and testing of material and unusual journal entries and challenging management on key
accounting estimates, assumptions and judgements made in the preparation of the financial statements.
We carried out detailed substantive tests on accounting estimates, including reviewing the methods
used by management to make those estimates, r&performing the calculation, and reviewing the
io

Baxendale Care Home
Annu81 Report & Accounts for Year Ending 31sE March 2025
outcome of prior year estimates.
Secondly, the charity is subject to other laws and regulations where the consequence for non-
compliance could have a material effect on the amounls or disclosures in the financial statements. We
identified the following areas as those most likely to have such an effect: Health and Safely regulations
and Employment laws. Auditing standards limit the required audit procedures to identify non-compliance
with these laws and regulations to enquiry of the Trustees and other management and inspection.
Through these procedures, if we became awar8 of any non-compliance, we considered the impact on
the prO￿dureS performed on the related financial statement items.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities,
including those leading to a material rnisstatement in the financial stalemenls or non-compliance with
regulation. This risk increases th8 more that compliance with a law or regulation is removed from the
&v&nts and transactions reflected in the financial statements, as we will be less likely to beGome aware of
instances of non-compliance. The risk is also greater regarding irregularities occurring due lo fraud rather
than error, as fraud involves intentional concealment, forgery, collusion, omission, or misrepresentation.
A further déscription of our responsibilities for the audit of the financial statements is located on the
Financial Reporting Council's website al.. ww.frc.org.uklauditorsresponsibilltiÉs. This description forms
part of our audltor's report.
Use of Our Report
This report is made solely lo the Charity's Truslees, as a body, in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. Our audit work has beèn undertaken so that we might state to
the Charity's Trustees those mattèrs we are required to state to tham in an auditor's report and for no
olher purpose. To the fullest extenl permitt8d 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 hav8 formed.
Duncan & Toplis Audlt Ltd
Statutory Auditor
3rd Floor, Marlborough House
298 Regents Park Rd
London
N3 2SZ
Date:...l¥. -..l.............
Duncan & Toplis is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006

Baxendale Care Home
Annual Report & Accounts for Year Ending 31st March 2025
STATEMENT OF FINANCIAL ACTIVITIES FOR YEAR ENDING 31st MARCH 2025
P•rrnanent
Endowment
Fun
£ 0￿.8
Total 2025
Total 2024
Unro¥trlcted
£ 000.5
R*$trl¢ted
£ OOO'S
Not05
£ 000,5
£ OOW8
In¢om• from..
IncvTh from charfIab￿ activitie
Oonalions and legacies
charitab￿ a¢livities
Inve51menl Incoffe
Other Inco
Total Income and ondowments
15
1,778
285
2,451
2,451
233
233
2,457
233
2.890
2.OBO
Expendltur6 on..
2,538
2,538
2,222
33
2.25S
Other
Total •xp8ndlturg
2,564
2,564
Not In¢ome I l$xpendlturo1 b•for•
Galn8 1110888•1 on Invostments
11071
233
126
11761
Galns I Ilo&$osl on listed In￿StM￿nIS
11cei
296
Gain5 11108$e$l on InV•s￿nI property
11671
1671
500
Not Income I18xp¢ndltur•l
12741
127
11471
620
Galnb I Ilosièsl on Flx8d NAsois
Transf#r# behv￿n fund$
233
2331
Not mov•m•nt In fund•
1411
11061
11471
620
R•¢onclll¥tlon of fund#'.
Totsl lund8 brought forworil at l•t Aprll 2024
2.420
10.215
12.635
12.015
Total fund8 corrled forwlrd at 31$t March 2026
2,379
10,109
12,488
12,835
All amounts relate to continuing aclivilies.
The statement of financial activities includes all gains and 5osses recognised in the year.
The 2024 comparative analysis is shown in note 16.
The notes on pages 15 10 24 form part of these financial statements
12

Baxendale CaTr Hon7e
Annual Report & Accounts for YearEnding 31EI March 2025
ST
BALANCE SHEET AS AT 31 MARCH 2025
21)25
£ ODD'S
£ IJOO'S
FIXED ASSErs
Tangiblè assets
7,719
4.703
6.460
5.226
CURRENT ASSETS
Debtors and pr¢paym8nts
Inwsbwnts
C88h at b4nk and In hand
87
188
1,251
1,299
CREDif¢)RS: amounts f4lllng dua vlthln on• ygor
350
NEf CURRENT ASSET8
TOTAL A88Ef$ Less CURRENT LIABILTfiES
11636
CREDrroRS: an>)unt• I4￿n0 du• after on• y••r
TOTAL A8SEf8 LE88 UOBILmE8
12
CApifAL FUND
Porrronent Endry•wf•tt Fund
9115
10,109
10,215
INCOPE FUND
Unre¥trsGted Fund
DeslonaW Fund8
2.329
2,370
50
10
TOTAL FUNDS
Approved by the Board of Trustses on - I -XC•
and signed on thelr beh8lf by
Ms Fiona Halstead- Ctiair of Tru8t9¢8
. Trustee
13

Baxendale Care Home
Annual Report & Accounls for Year Ending 31st March 2025
CASH FLOW STATEMENT AS AT 31ST MARCH 2025
2025
£ OOO'S
2024
£ OOO'S
Ca8h flow from operating act5vStle$
{1791
(155)
Cash flow from Investlng actlvltles
PayThnts lo acquire tangible fixed assets
Payments to acquire in￿S1rnents
Invèsln*nt in¢0￿e reCeI￿d
{1,367}
233
285
Sale of In¥eslments
250
1,100
1105}
Net cash flow from Inv08tlng a¢tlvltlg8
18841
Net ca8h flow from flnanclng actlvltle8
{1.063}
12601
Net Increase In caoh and ca•h equlvalent8
Cash and cash equiwdlents al 1 April 2024
1,251
1,611
Cash and cash equivalents al 31 March 2025
188
1,251
Change In Cash and Ca8h Equ5valent8
11,0631
12601
Ca8h and ca8h 8qulvalent8 con818t of:
Cash al bank and in hand
188
1,251
1,251
188
Reconclllatlon of net Income 1 {expendtturel to net ca8h
flow from opèratlng actlvltle8
Nel income I le4)endiknrel for year
11471
620
lnvès￿nl IncorrÉ reCeI￿d
1233)
108
12851
78
Depreciation of fixed assets
(Gainsl I losses on investrrEnts
(Gains) I losses on in￿$trnent property
Ilncreasel I decrease in stock
Ilncreasel I decrease in debtors
IDecreasel l increase in creditors
Net cash flow from operatlng activitie8
106
12961
{5001
167
1191
11611
11791
223
11551
14

Baxendale Care Home
Annual Report & AcGounts for Year Ending 31$1 March 2025
NOTES TO THE FINANCIAL STATEMENTS
For year ending 31st March 2025
ACCOUNTING POLICIES
When the charity converted from an unincorporated trust to a CIO in March 2022, the change was treated
as a merger under the Charities SORP. This means the assets, liabilities and funds are shown as if th6y
had always been part of the CIO.
These financial statements have been prepared In line with-
Accounting and Reporting by Charities ISORP FRS 102, October 20191
FRS 102 - the Financial Reporting Standard applicable In the UK and Republic of Ireland
The Charities Act 2011
UK Generally Acceptgd Accounting Practice {UK GAAP)
The Charity is a public benefit entity and the accounts have been prepared mainly on a historical cost
basis, except where investment properties and investments are r8valued, The Trustees are confident that
there are no material uncertainlies about the Charity's ability Ic continue operating.
The key ludgements made in preparing the accounts include the valuation of Investment properties (see
Note 5). Looking forward, the main uncertainty remaSns how investments will perform in future years. The
Trustees, 8pproach to investments is explained in more detail in the Trustees, Rèport.
GOING CONCERN
The Trustees have considered the level of funds currently held and th8 exp8Cted income and expenditur6
for at least the next 12 months. On this basis, they are satisfied that the Charity has enough resources to
continue in operation for the foreseeable future.
The financial statements hav8 therefore been prepared on a golng concern basis.
INCOME
Donations and legacies are recognised once it is clear that they will be re￿IVed and the amount can be
reliably measured.
Income from charitable activities mainly relates to fees charged to residents and lo local aulhorilies.
These are recogni8ed on an accruals basis. Any income received In advance is ghown as deferred
income.
Investment incom8 includes divldends, rent, and interest on funds invested. Dividends are recognised
when declared, rent and interest on an accruals basis.
EXPENDITURE
Expenditure is recorded on an accruals basis, meaning costs are matched to the period to which they
relate.
Charitable activities include all costs directly related to running thÈ Home, such as staff, care, and facilities.
Governance costs include items such as audit, legal, and professional fees, as well as the cost of Ihe
Finan￿ Managers costs.
PENSION CONTRIBUTIONS
The Charity contributes to a defined contribution workplace pension scheme for all staff. Contributions are
charged lo the accounts as they fall due.
15

Baxendale Care Home
Annual Report & Accounts for Year Ending 31$t March 2025
NOTES TO THE FINANCIAL STATEMENTS
For year ending 31st March 2025
TANGIBLE FIXED ASSETS
The Trustees capitalise all fixed assets that cost more than £1,000 and have a useful life of more than 5
years. All tangible fixed asset cat8gories are stated at cost.
DEPRECIATION
The Charity capitalises fixed assets that cost more than £1,000 and are expected to last more than five
y8ars.
These are recorded at cost and depreciated over theor expected useful lives as foll¢)ws'.
Equipment.. 10% straight line
Furniture, fixtures and fittings.. 10 % straight line
Conservatory.. 10 % straight line
Freehold land and buildings.. 1 Oh slraight line
The 1 •k depreclation rate on freèhold bulldings was inlroduced to reflect the fact that r8furbishments do
wear over time and will require further investment.
INVESTMENTS
Investments are carried at fair value, with changes in value (whether realised or unrealisedl shown in the
Statement of Financial Activities.
Listed investments are valued at mid-market price at the balance sheet dale.
INVESTMENT PROPERTIES
Investment properties are r8valued annually, wilh movements in value recognised in the Statement of
Financial Activities. Th8 property Is valued by Bruce Maunder-Taylor FRICS MAE and Is valued on the
basis of income yield, which was assessed as 6 % of the property value.
DEBTORS AND CREDITORS
Debtors and creditors due within one year are shown at the amount expected to be received or paid. Any
losses from impairment are r8cognised in expenditure.
LOANS AND BORROWINGS
Loans and borrowings are recorded at the amount received, adjusted over time for cosls and interest
using the effective interest method.
FUND ACCOUNTING
The Charity has three lypes of funds..
Unrestricted funds- available for general use in line with the Charity's aims.
Designated funds - set aside by Trustees for specific purposes.
Permanent Endowment- funds that rnust be held permanently, with only income applied.
16

Baxendale Care Home
Annual Report & Accounts for Year Ending 31$t March 2025
NOTES TO THE FINANCIAL STATEMENTS
For year ending 31st March 2025
1. RESOURCES EXPENDED
2025
Unrestri¢ted
£ OOO'S
2025
2025
Restricted:ndowment Fund
£ 000.5
£ OOO'S
2025
Total
£ 000.8
2024
Total
£ OOO'S
Charltable a¢tlvlti¥s
Staff salaries
Catering ¢0815
Cleanlng and househoh
ProoramrnB actI￿lIeS
Medical sèNrieÈs
1,808
138
1,808
138
1,658
125
39
12
12
12
Regislratson f¢e$
Garden
10
10
Rep81rB & renewal eq￿pment
Ughl and heat
Rate8
Insurance
W?ler and sewEgè
Waste couectton
08pr8¢lation
EqUipr￿n1 hlre
Te￿phOn8
Prinllng. $t8donery & postsg8
Adverbslng. brochures and web$lle
Sundry eypenses
Gifts lo residents
IT Support
staff advertising & Iralnlng
Bookkeeping and secretarial
ConsuAancy
104
104
52
125
125
102
131
29
131
29
20
12
108
12
108
78
22
37
37
10
10
11
11
12
12
19
15
2,638
15
2,638
13
2,222
OthÈr
Sè¢relarial Ser¥Aces
Audit
Bank Fees
L8g81 and Professional
12
12
26
26
33
2,564
2,S64
2,256
17

Baxendale Care Home
Annual Report & Accounts for Year Ending 31s1 March 2025
NOTES TO THE FINANCIAL STATEMENTS
For year ending 31st March 2025
TOTAL RESOURCES EXPENDED
Staff Dopreciation
Costs
£ LYIVS
Other
Costs
£ 000.8
Total
2025
£ OOO'S
Total
2024
£ OOO'¥
£ OD￿5
Charitable activities
Other
1,808
108
622
2.538
26
2,222
33
1,808
108
648
2,S64
2,255
Staff co$l$'.
Wages and salarie8
Social security co$1$
Agency staff
Penslon contributions
1,526
138
83
63
1.379
118
106
55
Employ•g8 earnln9 rnore than £60,000
Average numbgr of Employees
61
R•muneralion lo Trustees
Key Management Personnel
176
188
2. TRANSFERS BETWEEN FUNDS
The granting of the investment power of total return was given on 1 November 2006. During the year,
the Trustees made a transfer of £233k unapplied lotal return to unrestricted funds in respect of the
charitable activities of the Charity. This amount was Ihe incorne receivable during the period from
dividends, inter&st, rents and is comparable to the incorne that would have been credited without the
power. In these circumstances it was thought unnecessary to take further advice.
TRANSACTIONS WITH TRUSTEES AND KEY MANAGEMENT PERSONNEL
No remuneration was paid to any Trustee (2024 - none).
Total payments to key Management personnel arnounted to £175,796 (2024 - £188.404}.
No amounts were reimbursed to the Trustees for cosls incurred on behalf of Baxendale (2024 - £nil)
18

Baxendale Care Home
Annual Report & Accounts for Year Ending 31st March 2025
NOTES TO THE FINANCIAL STATEMENTS
For year ending 31st March 2025
TANGIBLE FIXED ASSETS
Furniture,
Flxtures &
Flttlngs
Fr•ehold Land &
Buildin98
Con$ervalory
Equlpm•nt
Total
£ 000,8
38
£ 000,5
6,474
1.162
£ OOO'S
238
57
É 00(Y8
245
£ OOO'S
6,995
1.367
Cost brought frjrward 1st April 2024
ajdilions
Transfers from Inveslment Pioperty
At 31 March 2025
38
7,638
295
393
8,362
Deprèelouon at 1 Aprll 2014
Charge loi period
At 31 March 2026
36
217
227
18
246
535
IQ8
643
77
132
38
228
NET BOOKVALUE8
At 31 Mar¢h 2025
10}
7.S03
87
7,719
At 31 March 2024
6,419
21
18
6A60
The fixed assets are used by the Hom8 for ils charitable a¢tivllies.
FIXED ASSET INVESTMENTS
2026
£ 000,8
2024
£ 000,9
UK Investment prop•rtl•$
Opening cost I valuation 1 Ppril 2024
Ntst unreallsed Inveslmenl gain6 1 Ilosse$l
DIspts58ls at markal value
Clo$lng markel valu• 31 March 2025
2.400
11671
ioi
2,233
2,575
500
1675
2.400
Hlstoric81 cost8s 8t31 March 2025
479
479
Llstèd Investments
Opening market valu¥ l A¢ril 2024
Nèl inve8lment galns I Ilosse81
Reali8alion of Inve8tménl$
Transfers from Curronl Market Investments
Closlng maTket value 31 March 2025
2,826
11061
12501
3,508
291
11,1001
130
2,827
2,470
CIc>sing histodc cost 88 al 31 Maich 2025
2.721
2.971
C108ing total markot value 31 March 202S
4,703
5.226
Closing total historic ¢081 as at 31 March 2025
3.201
3,450
All of the listed investrnenls are held in a fund managed by CCLA and includes the Extraordinary
Repairs fund IERF) which had a closing value of £36k and included a capital loss of £1,OOOk. This
fund sets aside monies for any extraordinary repairs as approved by the Trustees.
19

Baxendale Care Home
Annual Report & Accounts for Year Ending 31st March 2025
NOTES TO THE FINANCIAL STATEMENTS
For year ending 31st March 2025
Valuation of Fixed Asset Investments
The freehold land and buildings h81d as Fixed Asset Investments were valued on an open market
valuation as at 31 March 2025 by Mr Bruce Maunder-Taylor a Chartered Surveyor and a Trustee.
CURRENT ASSET INVESTMENTS
2025
£ 000,8
2024
£ 000.8
Quoted Investments:
Opening market value 1 April 2024
Additions- Extraordlnary Repair Fund
Nel unrealised Investment gains l {losses)
Transfer to Fixed Ass8t Investments
Market value 31 March 2025
125
(130)
130
Closlng Historical Cost as at 31 st March 2025
DEBTORS
2026
£ 000,8
2024
£ 000.6
Prepayments
Trad8 Debtors
L8gacy Debtors
Other debtors
37
30
45
67
48
CREDITORS
2025
£ OOO'S
2024
£ OOO'S
CREDITORS: Amounts falllng due wlthln one year
Trade creditors
Other taxation, social security and pension
Accruals
Other Creditors
107
41
32
278
40
36
189
350
CREDITORS.. Amounts falling due after one year
20

Baxendale Care Home
Annual Report & Accounts for Year Ending 31st March 2025
NOTES TO THE FINANCIAL STATEMENTS
For year ending 31st March 2025
9. PERMANENT ENDOWMENT
The original Charity was creatèd by Deed of Gift dated 31 October 1892 comprising of freehold land
and property at Totteridge Lane, London N20 and investments. These were incorpcrated Into a
Scheme und&r the Seal of the Charity Commissioners dated 30 December 1960.
10. DESIGNATED FUNDS
The Income funds of the Home include the following designated funds which have b&&n set aside out
of unrÈstriGted funds by the Trustees for specific purposes.
Mov•monts In Resgrv88
Balance
1st April 2024
£ OO¢Ys
Incomlng
2025
£ OOO'S
Outgo5ng
2025
£ 000.8
Balance
31st March 2025
£ OCKJ'$
Mary Westby
Repairs Res.
so
50
50
50
1st Aprll 2023
£ OOtr¥
2024
2024
318t March 2024
Mary We8lby
Repairs Res.
97
635
732
(97}
{5851
{6821
50
50
The Repairs Reserve is designated for the long-term maintenanGe requirements ofthe Home. The
reduction in the repairs fund during this year reflects the cosl of the ground floor refurbishment project.
11. RESTRICTED FUNDS
There are no restricted funds held by the home at the current time.
21

Baxendale Care Home
Annual Report & Accounts for Year Ending 31$t March 2025
NOTES TO THE FINANCIAL STATEMENTS
For year ending 31st March 2025
12. ANALYSIS OF NET ASSETS BETWEEN FUNDS
2025
Tangible
Fixed A$sets
£ 000.5
Net Current
Assets
£ OOO'$
Investrnents
£ OOO'S
Totsl
£ OOO'S
UNRESTRICTED FUNDS
General
Designat8d
3,691
11,3621
2,329
50
691
ENDOWMENT FUND
4,028
4.653
1,428
10.109
68
2024
Tangiblg
Flx•d A869ts
£ 000,8
Net Current
A$s•ts
£ OOO'*
Inve8tm•nts
£ 00ty8
Total
£000
UNRESTRICTED FUNDS
General
D•sign81ed
2,32S
44
2,370
50
50
44
ResTRIGTED FUNDS
ENDOWMENT FUND
4,134
5,175
905
10,214
13. RELATED PARTY TRANSACTIONS
None were reported (23124 NIL)
14. FUTURE COMMITMENTS
There were no future commitments noted for the period 25126.
22

Baxendale Care Home
Annual Report & Accounts for Year Ending 31st March 2025
NOTES TO THE FINANCIAL STATEMENTS
For year ending 31st March 2025
15. APPLICATION OF THE POWER OF TOTAL RETURN
The Charity Commission permitted the Trust lo adopt the use of total return in relation to its permanent
endowment investments and this has been appli8d slnce 1 January 2006. This power permits the
Trustees to invest the portfolio lo maximise total return and to apply an appropriate portion of the total
return to income each year. Until the power is exercised to transfer a portion of unapplied total return to
income (as disclosed in the fund transfers, note 2), the unapplied total return remains invested as part
of the Permanenl Endowment. The original gift to the Charity was eslimaled as al 30 December 1960
and agreed with the Charity Commission. The balance of the Permanent Endowment as at 1 January
2006 was then agreed as the unapplied total return.
2025
9,936
2024
9,645
Unapplied retum as at 151 April
Add.. Inveslm&nt return.. Divldends, Interest, rents
Gains I (losses)
233
106)
10,063
285
291
10,221
Less.. Unapplled total retum
233
285
Balance carrled fonvard
9,830
9,936
Add.. Origlnal value of glft
279
279
Permanent Endowment Fund Includlng unapplled return
23

Baxendale Care Hon7e
Annual Report & Accounts for Year Ending 31￿ March 2025
NOTES TO THE FINANCIAL STATEMENTS
For year ending 31st March 2025
16. STATEMENT OF FINANCIAL ACTIVITIES 2024
The following is the statement of finanGial activities for Gomparative purposes for year ending 31.
March 2024.
pe￿￿￿8nt
Endowment
Fund
Total 2024
Tot812023
Unr85tricted
£ QOO'S
Rèstrlcted
E DDO'S
InGOrne frorn..
Income from Charllabjs xllvllie8
Donaiitsns and legacl88
Ch8rit?ble activilifjs
Invesimenl In¢onK*
Olh8r Intome
Totsl Incom• and *ndowmtrnts
£00￿
£ OOO'B
15
1,778
15
1,778
285
58
1,356
285
285
1,795
28S
2,080
1,710
Expendrtur8 on..
Charllable acilvlli
Oth?r
Total exp8ndlture
2.222
32
2.255
2.222
33
2,2S6
1,975
41
Not Incornfr I lexpendltur•l bvfor•
Galn$ I11088•81 on Snv88trngnt
14801
285
11781
13081
Galns 1119$6etsl on lJsl•d Inv•st￿nIS
291
295
12041
GalDI I110ss?$l on inveslmnt property
500
500
7801
N•t Inc¢Mn• I lexpondltur•l
676
620
11.2901
Galns I11058e$l on Fixed A$8011
Tran$ler8 b8￿men fund$
285
12851
Ngt mov8m•nt In funds
329
291
11,2901
Re¢on¢lllatlon ol funds-
Tt)t*l fund$ brought fO￿ard at 18t Aprll 2023
2,091
9.924
12,015
13.305
Total fund6 ¢3rrf8d forward at 31•1 Mar¢h 2024
2,420
10,215
12,635
12,015
24

Baxendale Care Home
Annual Report & Accounts for Year Ending 315t March 2025
NOTES TO THE FINANCIAL STATEMENTS
For year ending 31st March 2025
17. OBLIGATIONS UNDER LEASES
Leases
The company as lessor..
The company rents out its investment propÈty under a lease. Rental income forthe charity is disclosed
in the Statement of Financial Activities.
Contracted rental income derived under non-cancellable leases on investment property..
2025
£ OOO'S
134
536
2024
£ OOO'S
134
536
134
804
Within one year
In two to fiv8 year8
In over five years
670
25