CHARITY REGISTRATION NUMBER: 1187293 Hallmark Care Homes Foundation Unaudited Financial Statements 31 March 2024 MURAS BAKERJONES LIMITED Chartered accountants Regent House Bath Avenue Wolverhampton West Midlands WV14EG
Hallmark Care Homes Foundation Financial Statements Year ended 31 March 2024 Page Trustees, annual report Independent examinevs report to the trustees Statement of financial activities Statement of financial position Notes to the financial statements
Hallmark Care Homes Foundation Trustees. Annual Report Year ended 31 March 2024 The Iruslees present their report and the unaudited financial slatements of the charity for the year ended 31 March 2024. Reference and administrative dètails Reglstered charlty name Hallmark Care Homes Foundation Charity registration number 1187293 Principal office Hallmark Car8 Hom8S 2 Kingfisher House Radford Way Billericay The trustses Mrs A Goyal MBE A Goyal CBE (chair} V Goyal Mrs S Goy81 Ms N Goyal Ms J Rayner S Cockell Ms K Mc Millan Ms C Whatford CBE {Appoinl8d 4 March 2024) Independent èxaminer O Ross Regent House Bath Avenue Wolveihampton Wesl Midlands IM11 4EG 8tructure, governance and management Hallmark Cale Homes Foundation is an unincorporated charity whh was estsblished on 9 Februaiy 2019 under a Trust Deed and was rogislered by the Charity Commission as a trust on 10 January 2020. Four trustees were appointed initially and four additional trust&8s were recruited in 2021-22 with a further trustee in 2024. The board appointed Stephen Burke as chief executive in 2021. The trustees have received training and infomiation in govemance and their legal and financial responsibilities. Théy have agreed policies and procedur8s for the governance arbd management of the foundation and they regularly assess and mktigate key risks. The trustees have also agreed a ¥tfategic plan and values for the foundalK)n and oversee its implementation and outcom. The strategic plan was reviewed and updated in June 2024.
Hallmark Care Homes Foundation Trustees. Annual Report (conllnued) Year ended 31 March 2024 Objectlves and activities Hallmark Care Homes Foundation was founded by Hallmark Care Hom@s and ils sh8reholder board. The foun(lalion aims to ensure that everyone can age well every step of thè way by investing in the future of ¢are. 11 makes grants lo ¢haiilies. reseaFchers, innovators and partneiships lo promote and support proje¢ts that meet this aTh. This includes supporting the Current at)d future care Workfor and family carers, improving the quality of care, particularly demerbtia care. and making quality care 8UStainable and accessible for all. Ageing well is a life course issue and increasingly our work is focusing on engaging younger people to lake steps lo live healthier and happier as well as longer lives and ensuring people from all communities can benefit. We aim lo work in partnership with other organisalions to lever in addilional funding and cale a bigger impact. Achlevements and porformance The first years of the Hallmark Care Homes Foundation were overshadowed by th$ pandemic and the challenges that Covid-19 created for Ihe c8r8 sector. Since 2022, the foundation's work has acceleral6d, both as a grant maker and as a project deliverer. The foundation has conlintjed lo support the development of the Championing Soctal Care partnership promoting the positives about social care through Care Hom8 Open W6@k, Care Sector's Got Talent. the Care Sector Fundraising 8all and Christmas Lunch. All these events broke records in 2023-24. involving more care homes and care workers and raising £426k for the Alzheimer's Society and Care Workers Charity. The fosjndation also éireclly supports the Care WoTkeis ChaTills mental health support service offering free wunselling and admce lo care workers with a three year grant ènding in July 2024. The foundation was able to plan and agree 8 number of new activities and grants for research, policy and practice projects. These included work wtth schools and college5 to encourage young people lo explore working in Ce, culminating in the Second national eare careers Confèrence for school and college students taking place on 19 November 2024,. creatK)n of an index to benchmark whether'safer ageing. is improving in the four nations of the UK with Hourglass.. the planning, design and construction of thè UK'S first inlergenerational 'play garden, al Hallmark's new Bath care home lo promo16 interaction between young8r and older people,. funding the Open Univer811y for a research project on relational ¢are, highlighting me15 of good practice., supporting the Centre for Social Just1'S policy research on improving support for family carers with a ground-breaking report- bJnding for the ILC-UK'S pioneering development of the global healthy ageing and prevention index. The work and pritsri116s of the foundation have been promoted through development of branding, a website. social media and other aclivilies, including publication of Care 2030, a ViSK)n paper for delivering beller care tor okler and disabled people, and various other reports. The foundation's website also has an imp1 report for 2023-24 about the differenc8 our activili&s are making. We hav8 reached many more people and had increasing influence on ageing and care.
Hallmark Care Homes Foundation Trustees, Annual Report (¢on¢inu¢d) Year ended 31 March 2024 Flnanclal revlgw The financial statements are presented for the 12 month period lo 31 March 2024. Duiing the prior Period the Charity's year end was changed from 31 Dernber lo 31 March and as such the comparative figures are for the 15 month perd from 1 January 2022 10 31 March 2023. The financial results for the perK)d are sel out on pages 5 to 11. The charity has recorded a deficit of £1,96J in its third period of aclivily12023 deficit £1,098). Total income amounted lo £259,262 12023 £385,000) and total expenditure amounted lo £261,22212023 £386,098), resLElling in a net operaltonal oulllow of £1,96012023 oufflow £1,098}. The trusle8s' policy is lo maintain its unr8Stric18d funds al a level that allows the chariiy lo commit lo fulufe a¢livilies wtth confidence. The trustses will review the lolal serveS position annually. At the end of the reporting period, there was a surplus of tunds of £11.51212023 £13.472). Plans for future perlods Following devebpment of the Iruslees, strategic vision, the foundalic>n is implementing ils k8y plans ak)ngside raising awareness of ils work. These continue to focus on our strategic priorrties of improving the quality of caré and ageing well acTOSS the life course. These new projects will include.. the publication of the largest research project seeking the views of older people, their families ar carers about care homes they use with City, University of London., an inlergeneration21 educational loolkil lo enable older and younger people lo act logelhei to improve he?Ilhy lrfestyles and age well with the Open University and Centre for Family Learning., more activities in partnership with Championing Social Care.. making low cost technology more accossible to improve older people's quality of life with Clarion Futures., and the first healthy ageing index for thè UK lo highlight how lo address inequaliltas so everyon& can ban&fil from increased longevity with ILC-UK. We are also seeking partners lo make care more accessible and ¢uEturally appropriate for black and minority ethnic c(Immunilies. Our website has moro details.. wNvw.hallmarkfoundation.org.uk. The trustees. annual report was approved on 2 septeMr 2024 and signed on behalf of the board of Iruslees by.. A Goyal CBE Ichairl T¥uslee
Hallmark Care Homes Foundation Independent Examlner's Report to the Trustees of Hallmark Care Homes Foundation Year ended 31 March 2024 I report to the InJsl8&s on my examination of the financial statements of Hallmark Care Homes Foundation I'lhe charity'l for the year ended 31 March 2024. Responsibilities and basls of rèport As Ihe trustees of th& charlty you are responsible for the preparation of the financial 81alemenls in aCrdance with the requiremonts of the Charities Act 2Q111 I'lhe Act'l. I report in respe¢l of my examination of the charills financial statements carried QLEI under section 145 of the 2011 Act and in carrying oilt my examination I have followed all the appIable Directions given by the Charity Commission under section 14515llb} of the Act. Independont éxaminer's statement Since the charills gross Incomè exceeded £250,000 your examiner musl be a member of a body listed in section 145 of Ihe 2011 Act. I confim that l am qualififjd to undertake the examinalion because l am a member of the Instilthe of Chartered Accountants in England and Wales (ICAEWI, which is one of the listed bodies. I have completed my examination. I confirm that no material mallers have come to my atlenlion in connection with the examination giving me cause lo believe that in any material resp8cl'. accounting records were not kept In respect of thè charity as required by 8ecl¥)n 130 of the A¢l', or the financial stalemenl8 do not accord with those records,. or the financial statements do not comply with the applicable requirements concerning the form and conlenl ol accounts set out in the Charities (Accounts and Reports) Regulation8 2008 other than any requirement that the accounts give a 'true and fair. view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other mallers in connection with the examination to which attention should be drawn in this report in order lo enable a proper understanding of the accounts to be reachstl. O Ross Independent Examiner Regent House Bath Avenue Wolverhampton West Midlands WV14EG 2Sep24
Hallmark Care Homes Foundation Statement of Financial Activities Yoar onded 31 March 2024 Period from lJan2210 31 Mar 23 Year to 31 Mar 24 Unrestricted funds Total funds Total lunds Note Incom8 and èndowments Donations and legacies Total income 259.262 259,262 259,262 385,000 385,000 259,262 Expenditure Expenditure on charitable activities Total 8xpèndÈture 261,222 261,222 261,222 261.222 386,098 386,098 Nèt expenditure and net movement in funds (1,9801 11,960) 11,098} Reconciliation of funds Total fijnds brought forward Total funds carried forward 13,472 11.512 13,472 11.512 14,570 13,472 Th8 statement of financi818Ctivilies include8 all galns and losses recognised in the year. All income and exp8ndilure derive from continuing activilies. The notes on pages 7 to 13 form part of these financlal statements.
Hallmark Care Homes Foundation statement of Financial Position 31 March 2024 2024 2023 Note Fixed assets Tangible fixed assets 12 758 Current assets Debtors Cash at bank and in hand 13 15,228 7,963 23,191 20,816 20.818 Crèditors: amounts falling due withln one year Net current assets 14 12,437 10.754 7,344 13,472 Total assots 18ss current Ilabilities 11,512 11.512 13,472 13,472 Net assets Funds of the charlty Unre8lricled funds 11.512 13,472 13,472 Total charity funds 16 11,512 These financial 8taleMenls were approved by the board of Iruslees and aulhorised for issue on 2 S8P 24. and ale signed on behalf of the board by.. A Goyal CBE Ichairl Trustee The not88 on pages 7 to 13 loym part of thesè financlal stat•monts.
Hallmark Care Homes Foundation Notes to the Financial Statements Year ended 31 March 2024 General information The charity is a public benefit entity and a registerod charity in England and Wales and is unincorporated. The address of the principal offe is 2 Kingfisher House. Radford Way, Billericay, CM12 OEQ. Statem&nt of complianc These financial statements have been prepared in compliance with FRS 102, The Financial Roporting Standard applicable in the UK and the Republic ol Ireland,. the Slalemenl of Recommended Practice applicablè lo charities preparing their accounts in accordance with the Financial Reporting Standard applicab in th8 UK and Republic of Ireland IFRS 1021 Icharilies SORP (FRS 102}18nd the Charities AGI 2011. AccoLFntlng policies Basls of proparatlon Th8 financial statements have been prepared on the historal cost basis, as modified by thè revalualKJn of certain financial assets and liabilities and investment properttes measured at fair value Ihiough income or expenditure. The finanGial Slalements are prepared in starling, whh Is the functional currenGy of the entity. Going concern There are no material uncertainties about the charity's ability lo continue. Judgements and key sources of estlmatlon uncertainty The preparation of the financial slalemenls requires management lo make judgemonts, eslimales and assumptions that affect the amounts reported. Those estimates and judgements are continually reviewed and are based on experien¢e and other factors, including expectations offulure events that are believed to be reasonable und8r the circumstanGOS. Fund aG¢ounting Unrestricted funds are available for use at the discrelh)n of the trustees to furth8r any of the Charills purposes. Designated ftjnds are unreslrictsd funds eamiarked by the trustees for particular future project or commitment. Restricted funds are subjected lo restrictions on their expenditure declared by the donor or through the term8 of an appeal, and fall into one of two sub-classes.. restricted ineome funds or endowment funds.
Hallmark Care Homes Foundation Notes to the Financial Statements Iconllnue¢ Year ended 31 March 2024 Accountlng policies i¢on(Inu Incomlng resources All incoming resou5 Are included in the stslemenl of financial activities when entitlement has pa88ed lo the charity., it is probable that th8 economic benefits associated with the transaction will flow to thé chaiily and the amount Can be reliably measured. The following Specif policies are appld lo particuL4r calegorÈes of income.. income from donations or grants is recognised when there 18 evhlenc8 of enlillemenl lo the grfl, receipt is probable and ils amount can be measured reliably. legacy income is recognised when r8ceipl is probable and enlitlemenl is establish. income Irom donated goods is measured al the fair value of the goods unless this is impractical to measure reliably, in which case the valu8 is derived from the Cost lo the donor or the eslimaled résale value. Donated facilities and services are recognised in the accounts when recenied if the value can be r81i8bty measured. No amounts are included for the contribution of general volunteers. income from contracts for the Supply of 8eNices is recognised with the delivery of the contracted seNice. This is classified as unrestricted funds unless ther8 is a conlra¢tual requirement for ft lo be spanl on a particltlar purpose and returned if unspent, in which case il may be rogarded as reslricled. Resources expended Expenditure is recognised on an accruals basis as a liability is in¢urre(l. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial actmlies lo whh it relates.. expenditure ¢)n raising funds includes the costs of all fundraising acliwlies. events. non-charilable trading activities, and the sala of donated go$. expenditure on ¢harilable activit$ includes all costs incurred by a charily in undertaking activities that further ts charitable aims for the benefit of ils beneficiaries, including thos8 support costs and costs relating lo the governarEce of the charity apportioned lo chartiable activities. other expendrture includes 811 expenditure that is neither related to rak8ing funds for the chatity nor part of ils expenditure on charitable activities. All costs ar8 allocated to expenditure categories reflecting the use of the resource. Direct costs atlribulable to a single activity ar8 allocated directly to that aclivily. Shared St$ are apportioned between the activities they contribute lo on a reasonable, juslifiablo and consistsnl basis. Tanglble a$89ts Tangible as8ets are initially recorded at cost, and subsequently slated al 51 less any accumulated depreciation and iwnpairmenl losses. Any tangibl8 ass8ts carried 81 revalued amounts are recorded at the fair value 81 the dale of revaluation less any subsequent accumulated depreciation and subsequent accumulated Impairment losses.
Hallmark Care Homes Foundation Notes to the Financial Statements fconllnued) Year ended 31 March 2024 Accounting policies (eanlfnued) Tanglble ass8tS (conllnued) An incr8as@ in the carrying amount of an asset as a resu of a revaluation, is recognised in other recognised gains and losses, unless il reverses a ¢h2rge for impairment that has previously ljeen recognised as expenditure within thé slat&menl of financial aclimlres. A deciease in the rryIng amount of an asset as a resuft of revaluation, is recognised in other iecognised gains and losses, exc&pl lo which il offsets any previous revalualion gain, in which case the10s8 is shown within other recognised gains and k)sses on the stalement of financi81 actwities. Impalrmenl of flxed assets A review for indicators of impaiimenl is carriod out at eh reporting dale. with the recoverable aMont being eslimaled Nvhere such indicalors exist. Where the carrying value exceeds the Tecoverable amount, the asset is impaired accordingly. Prior impaimients are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing. when it is not possible to estimate the re0verable amount of an individual asset, an estirnale is maLle of tho recoverable amount of the Gash-gen8rating unil to which the asset belongs. The cash-genaraling unil is the smallest identifiable group of assets that includes th8 asset and generate8 cash inflows that largely indep8ndenl of the cash inflows from other assets or groups of assets. For impairment lesling of goodwill. tha goothill acquired in a bu$in8ss combinalNJn is. from the aequisition date, allocated lo each of the cash-generating units that are expected lo benefit from th8 synergies of the combination. irrespective of whether other assets or liabilits'8s of the charity are assigned to those units. Deflned contribution plans Contributions to d&fined contribution plans ale recognised as an expense in the period in which the f&lalod service is provided. Prepaid contributions are r8cognised as an asset to the exlenl that the prepaym8nl will lead to a reduction in future payments or a cash rèfund. When contributions are nol expected lo be settled wholly within 12 mnlhs of the end of the reporting date in which th8 employees rend$r th8 reL*ed servi, the liabiltty is measured on a discounted pres8nt value basis. The unwinding of the diswunt is recognised as an exp8nse in the peri¢ in which il arises. Donations and l•ga¢los UnrestiKled Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Donations Donations 254.262 254,262 361,500 361.500 Sponsorshlp Conference sponsoTship 5,000 259.262 5,000 23,500 385,000 23,500 385.000 259,262
Hallmark Care Homes Foundation Notes to the Financial Statements (¢(Inllnue Year ended 31 March 2024 Expenditure on charltable activities by fund type Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Charitable grant activities Support costs 133,310 127.912 261.222 133,310 127,912 251,550 134.548 251,550 134,548 386,098 261,222 386,098 Expendltur6 on charitable activities by actlvlty typg Grant funding of actniilies Support costs Total funds 2024 Total fund 2023 Charf(able granl activilies Governance costs 133.310 126,841 1,071 260.151 1,071 261.222 385,668 430 133,310 127,912 386,098 Analysls of support costs Gharilable grant activitios Total 2024 Total 2023 Staff costs Governance costs Website and publicity Bank eharges Insurance Conference c08ts 109,145 1,071 4,684 102 800 12.110 109,145 1,071 4,684 102 800 12,110 127,912 108,215 430 3,243 138 21.722 127,912 134,548 io-
Hallmark Care Homes Foundation Notes to the Financial Statements Iconllnuodj Year ended 31 March 2024 Analy51s of grdnts Period from 1Jan2210 31 Mar23 Year to 31 Mar 24 Grants to institutions The Care Workers Charity City Unwersily of London Caretech Foundation Championiro Social Cafe The Open University Th8 Glob81 HeaEth, Vvellbeing & Prevention index Centre for sla1 Justice London Play Cl1 Learning Leadership Programm@ HourgLass Working Options Asian Resourc8 Centre other Smaller institutions 26,000 25,000 26,000 14,000 35.000 40,000 35.000 25,000 20.000 18.000 17,500 15,000 5,000 1,050 15,000 9,310 53,OOD 5,000 133,310 133,310 251,550 Total grants 251,550 Indepondent examinatlon fees Period from 1J8n2210 31 Mar 23 Yearto 31 Mar24 Fees payable lo th6 independent examiner for Independent examination of th& financial statemen18 1,071 1,020 10. Staff costs The totsl staff costs and employe8 benefits for the reporting peri)d are analysed as follows.. Period from Year to 1 Jan 22 to 31 Mar 24 31 Mar 23 Wages and salaries So¢i81 security costs Employer contributions lo pension plans 91,495 10,743 6,906 109.144 89,063 11,183 7,969 108,215 The average head Count of employees during the year was 212023: 1). Th8 number of employe9s whose remuneration for the year fell within the following bands, were.. 2024 2023 No. No. £60,000 to £69.9 11
Hallmark Care Homes Foundation Notes to the Financial Statements (contlnuedj Year ended 31 March 2024 10. Staff costs l¢onflnue£lJ Key Management Personnel Key management personnel includè 311 persons that have aulhorily and responsibility for planning, directing end controlling the a¢livilies of the charity. The lolal compensation paid lo key managem8nl personnel for services provided lo the charity was £68,23712023=£96,5631. 11. Trustee remuneratlon and expenses No remuneralion or other bènefits tsom P10Yrn&nt with the ch8ri1y or a related entity were retsiv8d by the trustees. 12. Tangible flxed assets Equipment Cost Al 1 April 2023 Addillons 758 At 31 March 2024 758 Depreciation At 1 Aprll 2023 and 31 March 2024 Carrylng amount At 31 March 2024 758 At 31 March 2023 13. Debtors 2024 2023 Prepayments and accrued income Other debtors 14,262 966 15,228 1 Creditors- amounts falling due within one year 2024 2023 Accruals and d8f8fred income Sfxial security and olher taxes Hallmark Carè Homes Group Holdings Limited 2,091 2,910 7,436 12,437 1,020 2,605 3,719 7.344 15. Penslons and other post rètirement bonellts Defln&d contribution plans The amount rognISed in ino)me or expendf(ure as an expense in relation lo defined contriblon plans was £6,906 {2023-. £7,969). 12-
Hallmark Care Homes Foundation Notes to the Financial Statements (contInt) Year endèd 31 March 2024 16. Analysls of Charitable funds Unrestrictod fund5 At 31 March 202 At 1 April 2023 Income Expenditure General funds 13,472 259,262 1261,2221 11,512 At l January 202 Al 31 March 202 Income Expendtture General funds 14,570 385.000 1386,0981 13.472 17. Analysis of net assets bètween funds Unrestricted Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Net assets 758 23,191 112,4371 11,512 758 23,191 112,437} 11,512 Unrestricted Total Funds Funds 2023 Tangible lixed assets Current assets Creditors less than 1 year Net assets 20,816 (7,3441 13,472 20,816 17,3441 13,472 13