CHARITY REGISTRATION NUMBER: 1187293 Hallmark Care Homes Foundation Unaudited Financial Statements 31 March 2025 MURAS BAKER JONES LIMITED Ghartered accountants Regent House Bath Avenue Wolverhampton West Midlands WV14EG
Hallmark Care Homes Foundation Financial Statements Year endgd 31 March 2025 Page Tru5tee5' annu81 report Independent examinerfs report lo the Iruslees Statement of financial activities Slalemenl of financial position Notes lo the financial statements
Hallmark Care Homes Foundation Trustees. Annual Report Yearended 31 March 2025 The trustees present their report and the unaudited financial statements of the charity for the year etyled 31 March 2025. Reference and administrative details Registered charity name Hallmark Care Homes Foundation Charity registration number 1187293 Principal office Hallmark Care Homes 2 Kingfisher House Radford Way Billericay The trustees MrsA Goyal MBE A Goyal CBE lchairl VGoyal Mrs S Goyal Ms N Goyal Ms J Rayner S Cockell M5 K Mc Millan Ms C Whatford CBE Independent examiner O Ross Regent House Bath Avenue Wolverhampton West Midlands WV14EG Structure. govemance and management Hallmark Care Homes Foundation is an unincorporated charity which was established on 9 February 2019 under a Trust Deed and was registered by the Charity Commission as 8 trust on 10 January 2020. Four Iruslees were appointed initially and four addbtional trustees were recruited in 2021-22 with further trustee in 2024. The board appointed Stephen Burke as Chief executive in 2021. The trustees have received training and information in governance and their legal and financial responsibilities. They have agreed policies and procedures for the governance and management of the foundation and they regularly assess and mitigate key risks. The trustees have also agreed a strategic plan and values for the foundation and oversee its implementation and oulcornes. The strategic plan was reviewed and updated in March 2025.
Hallmark Care Homes Foundation Trustees, Annual Report (conlinuedj Year ended 31 March 2025 Objectives and activities Hallmark Care Homes Foundation was founded by Hallmark Care Homes and ils board of shareholder5 in 2020. The foundation aims lo ensure that everyone can age well every step of the way and improve care for oldei people. 51 makes grants lo charities, researchers, innovators and partnerships to promote and support projects that meet this aim. This includes supporting the current and future care workforce and family carers, improving the quality of care. particularly dementia care, and making quality care sustainable and assIble for all. Ageing well is a life course issue and increasingly our work is focusing on engaging younger people lo take steps to live healthier and happier as well as longer lives and ensuring people from all Communities can benefit. We aim to work in partnership with other organisalions to lever in additional funding and create a bigger impact. Achlevements and performance The first years of the Hallmark Care Homes Foundation were overshadowed by the pandemic and the ¢h811enges that Covid-19 created for the care sector. sin 2022, the foundation's work has accelerated, both as a grant maker and as a project deliverer. The foundation has continued to support the development of the Championing Social Care partnership promoting the positives about social care through Care Home Open Week. Care Sectorts Gol Talent, the Care Sector Fundraising Ball and Christmas Lunch. All these event5 continue to grow in impact and fundraising. particularly for the Care Workers Charity. The foundation has also supported the Care Workers Charity through a three year grant to mental health support service offering free counselling and advice to care worker5. The foundation has undertaken a number of activities and grants for research. policy and practice projects. These included work with schools and colleges to encourage young people lo explore working in care. culminating in the second national care caffers conference for schocil and college students, Who Cares Winsl that look place on 19 November 2024". funding the Open University for a research project on relational care. highlighting models of good practice,. supporting the Centre for Social Justice's policy research on improving sUPPOrt for family carers with a ground-breaking report., funding for the ILC-UK'S pioneering development of the global healthy ageing and prevention index. A major research project on the views of older people and their families and carers about care homes where they live was concluded as 'Thriving in residential care, and continues lo be disseminated by My Home Life England and City, UnDiersily of London The work and priorities of the found*ion have been promoted through its website, social media and other aclivilies. The foundation's website also has an impact report about the difference OLJr activitie5 are making. We have reached more people and had increasing influence on aoeing and care while operating within limited resources.
Hallmark Care Homes Foundation Trustees, Annual Report {ContUe) Year ended 31 March 2025 Flnanclal review The financial results for the period are set out on pages 5 & 6. The charity has recorded a surplus of £2?.945 12024 deficit £1,960). Total income amounted to £343.050 12024 £259,262) and total expenditure amounted to £320, 10512024 - £261.2221, resulting in a nel operational inflow of £22,945 12024 outflow £1,960), The trustees. policy is lo maintain ils unreslricled fund5 at a level that allows the charity lo commit lo future activities with confidence. The trustees will review the total reserves position annually. Al the end of the reporting period, there is a surplus of funds of £34,45712024 £11,512). Plans for future periods Following development of the truste. strategic vision, the foundation is implementing ils key plans alongside raising awareness of its work. These continue lo focus on our strategic priorities of improving the quality of care and ageing well across the life course. These new projects include an inlergeneralion81 educational loolkil to enable older and younger people lo act together lo improve heatthy lifestyles and age well with the Open Univer511y, University of Bedfordshire and Centre for Family Learning., rnore acliv((ies in partnership with Championing Social Care including transfer of lead responsibility for delivering Who Caies Winsl. making low cost technology more accessible lo improve older people's quality of life with Clariori Fuluies", the first healthy ageing index for the UK lo highlight how to address inequalities so everyone can benefit from increased longevity with ILC-UK., with Age UK London and the London Loos Alli8nce. making access lo toilets easier for anyone out and about in the capital and beyond. Two major research projects will start in 2025 with Anglia Ruskin University on encouraging young people to plan ahead for longer INes, and with Queen Mary University, London. on the Iransicion to residential care for older people with dementia, including those from South Asian communities. We are seeking lo make care more accessible and culturally appropriate for black and minority ethnic communities with various partners including Shared Lives Plus and Re-engage. Our website has more details.. www.hallmarkfoundation.org.uk and we are promoting care home research through a special Conferen in May 2025. The trustees, annual report was approved on 2 June 2025 and signed on behaK of the board of trustees by.. A Goyal CBE (chair) TTuslee
Hallmark Care Homes Foundation Independent Examinerfs Report to the Trustees of Hallmark Care Homes Foundation Year ended 31 March 2025 I report lo the Iruslees on my examination of the financial slalemenls of Hallmath Care Homes Foundation {'Ihe charity'l for the year ended 31 March 2025. Responsibilities and basis of r¥port As the trustees of the charity you are responsible for the preparation of the finan¢ial statements in accordance with the requirements of the Charf(ies Act 20111'the Act,). I report in Tespecl of my examination of the Gharily's financial slalemenls carried out under section 145 of the 2011 A and in carrying out my examination I havo followed all the applicable Directions given by the Charity Commission under section 14515)Ibl of the Act. Independent examiner's statement Since the charty's gmss income exceeded £250,000 your examiner musl be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to Ljndertake the examination because l am a member of the Institute of Chartered Accounlanls in England and Wales IICAEW), which is one of the lisled bodies. I have completed my examination. I confirm that no material matters have come to my allenlion in nnection with the examination giving me cause to believe that in any material respect.. 8ccounling records were not kept in respect of the charity as required by section 130 of the Act., or the financial slalements do not accord with those records; or the financial statements do not comply wrth the applicable requirements concerning the forrn and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. O Ross Independent Examiner Regent House Bath Avenue W0erhaMpt0n West Midlands WV14EG 2 June 2025
Hallmark Care Homes Foundation Statement of Flnancial Activities Year ended 31 March 2025 2025 Unreslricled funds Total funds Total funds 2024 Note Income and endowment5 Donations and legacies Total income 343,050 343,050 259,262 259,262 343,050 343,050 Expenditure Expenditure on charitable activities Totsl expenditure 320,105 320,105 261,222 320,105 320,105 261,222 Net incomel{expenditure} and net movement In funds 22,945 22,945 11,9601 Reconciliation of funds Total funds brought forward Total funds carried forward 11,512 34,457 11,512 13,472 34,457 11,512 The slalemenl of financial activities includes all gains and losses recognlsed in the year. All income and expenditure derive from continuing activities. The notes on pages 7 to 13 form part of these flnan¢ial statements.
Hallmark Care Homes Foundation statement of Financial Position 31 March 2025 2026 2024 Note Fixed assets Tangible fixed assets 13 505 758 Current assets Debtors Cash al bank and in hand 14 4,754 47,270 52.024 15,228 7.963 23,191 Creditors: amounts falling due within one year Net current assets 15 18,072 12.437 33.952 10.754 Total assets less current liabilities 34,457 11.512 Net assets 34.457 11,512 Fund5 ofthe Charity Unrestricted funds 34,457 11,512 Total charity funds 17 34,457 11,512 These financial statements were approved by the board of trustees and aulhorised for issue on 2 June 2025, and are signed on behalf of the board by.. A Goyal CBE {chairl Trustee The notes on pagos 7 to 13 form part of these financial statements.
Hallmark Care Homes Foundation Notes to the Flnancial Statements Year ended 31 March 2025 Generdl information The charity Is 8 public benefrt entpty and a registered charity in England and Wales and is unincorporated. The address of the principal office 15 2 Kingfisher House. Radfoid Way, Billericay. CM12 OEQ. Statement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Slalemenl of Recommended Practice applicable lo charitie5 preparing their accounts in accordance with thfy Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (Charities SORP {FRS 10211 and the Charities Act 2011. Accounting policies Basis of preparation The financial slalements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured al fair value through income or expend((u. The financ1 statements are prepared in sterling, which is the funclB)nal currency of the enlily. Going concern There are no material uncertainties about the charity's ability lo continue. Judgements and key sources of estimation uncertalnty The preparation of the financial statements requires management to make judgements. estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Fund accounting Unreslricled funds are available for use at the discretion of the Iruslees to further any of the charity's purposes. Designated funds are unrestricted funds eaimarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the lemis of an appeal, and f811 into one of two sub-classes.. reslricled income funds or endowment funds.
Hallmark Care Homes Foundation Notes to the Flnanclal Statements {c¢htrtiYRuèdJ Year ended 31 March 2025 Accounting policies (¢ontinued) Incomlng resources All incoming resources are included in the slalemenl of financial activities when enlillement has passed lo the charity., il is probable that the economic benefits associated with the transaction will flow lo the charity and the amount can be reliably measured. The following specrfic policies are applied lo particular Galegories of income.. income from donations or grants is recognised when there is eviden of enlitlemenl to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when Teceipt is probable and entitlement is established. income from donated goods is measured al the fair value of the gocKls unless this is impractical lo measure reliably, in which case the value is derived from the G051 to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classrfied as unrestricted funds unless there is a contractual requirement for it lo be spent on a particular purpose and returned rf unspent, in which case it may be rarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liabilily is incurred. Expenditure includes any VAT which cannot be fully recovered. and is claSsifd under headings of the statement of financial activities lo which il reIe$.. expenditure on raising funds includes the costs of all fundraising activities, events, non-charilable trading activities. and the sale of donated goods. expenditu on charitable activities includes all costs incurred by a charity in undertaking activities that further rts charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned lo charitable activrties. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated lo expenditure categories reflecting the use of the resource. Direct costs attributable lo a single activity are allocated directly lo that activf(y. Shared costs are apportioned between the activities they contribute to on a reasonable, justrfi8ble and consistent basis. TanglbSe a$$ats Tangible assets are inf(ially recorders al cost, and subsequently slated al cost less any accumulated depreciation and impairment losses. Any tangible assets carried al revalued amounts are recorded at the fair value al the dale of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Hallmark Care Homes Foundation Notes to the Financial Statements (continueo) Year ended 31 March 2025 Accounting policies fcontinue Tangible assets (continued) An increase in the carrying amount of an asset as a result of a revaluation, is recognised In other recognised gains and losses, unless il reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation. is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain. in which case the Ioss 15 shown within other recognised gains and losses on the statement of financial activities. Depreciation Depreciation is calculated so as lo write off the cost or valuation of an asset. less ils residual value, over the useful economic life of that asset as follows.. Equipment 3 years straight line Impairnient of fixed assets A review for indicators of impairment is carried out al each reporting dale, with the recoverable amount being estim8led where su¢h indicators exist. Where the carrying value exceeds the recoverable amount. the asset is impaired aOrdinglY. Prior impaiments are also reviewed for possible reversal al each reporting dale. For the purposes of impairment testing, when il is not possible lo estimate the recoveBble amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unil to which the asset belongs. The cash-generaling unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impaimienl testing of goodwill, the goodwill acquired in a business combination is, from the acquisition dale, allocated to each of the cash-generating units that are expected lo benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned lo those units. Defined contribution plans Contribulvjns to defined contribution plans are Tecognised as an expense in the period in which the related serwce is provided. Prepaid contributions are recognised as an asset to the exlenl that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related seNice, the liability is measured on a discounted present value basis. The unwinding of the discount is recognIs as an expense in the period in which it arises. Donations and legacies Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Donations Donations 304.050 304,050 254,262 254,262
Hallmark Care Homes Foundation Notes to thg Financial Statsments (contlntsod) Year ended 31 Mah 2025 Donation5 and legacies icontinu•oJ Unreslricled Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Sponsorshlp Conference sponsorshiplincome 39,000 343,050 39,000 5,000 259.262 5.000 343,050 259,262 Expenditure on charitable activities by fund type Unreslricled Total Funds Unrestricted Totsl Funds Funds 2025 Funds 2024 Charitable grant activities Support costs 119,500 200,605 119,500 200,605 133,310 127,912 133,310 127,912 320,105 320,105 261,222 261,222 Expendlture on charltable activities by activity type Grant ftjnding of activities Support Total funds costs 2025 Total fund 2024 Charitable grant activities Governan costs 119,500 199,299 1.306 318,799 1,306 260,151 1,071 119.500 200,605 320.105 261,222 Analysis of 5UPPOrt costs Charitable grant activities Total 2025 Total 2024 Staff costs Governan costs Legal and professional fees Website and publicity Bank Charges Insurance Conference costs Computer costs 119.100 1.305 12,000 14,062 102 1,105 52,678 253 119.100 1.305 12,000 14,062 102 1,105 52,678 253 109,145 1,071 4.684 102 800 12,110 200,605 200,605 127,912 10-
Hallmark Care Homes Foundation Notes to the Flnancial Statements (conllnued) Year ended 31 March 2025 Analysis of grants 2025 2024 Grants to institutions The Care Workers Charity City University of London Championing Social Care The Open University The Global Health. Wellbeing & Prevention index London Play Age UK London Clarion Future5 26,000 25,000 15.000 9.310 53.000 5.000 35,000 37,500 10,000 15,000 8,000 14,000 119.500 133,310 Total grants 119,500 133,310 Net incomallexpenditurel Nel incomellexpenditure) is stsled afte[ chargingl(CTedilingl'. 2025 2024 Depreciation of tangible fixed assets 253 10. Independent examlnatlon fees 2025 2024 Fees payable lo the independent examiner for". Independent examination of the financial slalemenls 1.125 1,071 11. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows.. 2025 2024 Wages and salarie Social security wsls Employer contributions to pension plans 95,000 10,599 13,500 119,099 91,495 10.743 6,906 109,144 The average head count of ernployees during the year was 2 (2024." 21. The number of empk)yees whose remuneration for the year fell within the folbwing bands, were-. 2025 2024 No. No. £60.000 to £69,999 Key Management Personnel 11
Hallmark Care Homes Foundation Notes to the Financial Statements Iconfinue Year ended 31 March 2025 11. Staff costs {ctsrttlTruÈd) Key management personnel include all peon$ that have aulhorrty and responsibility for planning, directing and controlling the activities of the charity. The total compensation paid lo key management personnel for services provided to the charity was £41.20012Q24".£68,2371. 12. Trustee remuneratlon and expenses No remuneration or other benefits from employment with the charity or a related enlily were received by the Iruslees. 13. Tangible fixed assets Equipment Cost At 1 April 2024 and 31 March 2025 Depreciation At 1 April 2024 Charge for the year At 31 March 2025 758 253 253 Carrying amount At 31 March 2026 505 At 31 March 2024 758 14. Debtors 2025 2024 Prepayments and accrued income Other debtors 4.754 14,262 966 4.754 15,228 15. Creditors: amounts falling due within one year 2025 2024 Accruals and deferred income Social security and other taxes Hallmark Care Homes Group Holdings Limited 1,125 2.917 14.030 2.091 2.910 7.436 18.072 12,437 16. Penslons and other post retirement benefits Defined contribution plans The amount recognised in income or expenditure as an expense in relation lo defined contribution plans was £13,500 (2024.. £6,906). 12-
Hallmark Care Homes Foundation Notes to the Financial Statements (contlnued) Yearended 31 March 2025 17. Analysis of charitable funds Unrestricted funds At 31 March 20 25 At 1 Apri5 2024 Income Expendf(ure General funds 11,512 343.050 {320,1051 34,457 Al 31 March 20 24 At 1 April 2023 Income Expenditure General funds 13.472 259,262 1261.2221 11,512 18. Analysis of net assets beeen funds Unreslricled Totsl Funds Funds 2025 Tangible fixed assets Current assets Creditors less than 1 year Net assets 505 52.024 (18,0721 34.457 505 52,024 118,0721 34,457 Unrestricted Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Net assets 758 23,191 112,437} 11,512 758 23.191 112,4371 11,512 13-