EVENTIDE
HOMES
The Eventide Homes
Annual Report and Financlal Statement$
YeaT Ended 31 December 2024
Charity regislralion number.. 202516

The Eventide Homes
Contents
Raf9rence and Administrative Details
1 to 2
Tru$lee5' Report
3to 10
Stslemenl of Trugtges. R9spgnsiblllb"e$
10
Independent Auditors. Report
111014
Slalement of Financial Activities
151016
Balance Sheet
17
Cash Flow Statement
18
Notes to the Financlal Slalements
19to31

The Eventide Homes
Refe￿nce and Administrative Details
Trusto•8
Mr. K J Mantock FRSA, Chair
Mr. D W Roots. Vice Chair
Mrs C Barker
Mrs. L Barker
Mr K Beckingham
Mf. P R Fr8Ètnan
Mr. R Hucklesby
Mrs. D Manlock
Mr J Redston
Ex-offiao Trustees.. The Mayor and Deputy Mayor of Boumemoulh.
The ex-officio Trustee3 periods ol service to th8 Charity co-ineid8 wlth their tèm)s ol office as Mayor
and Deputy Mayor rbsp8Ctiv8ly. Tho remaining Trustees SeNed throughout the year. except where
olheNise indi¢alèd.
Page 1

The Eventide Homes
Reference and Administrative Details
Senlor Management Team I
Leadershlp Team
Mr. J Waters, Chief Executive Officer
Mrs. D Knight. Residents, Man8ger
r. A Goodbourn. Maintenance Assist8nl lunlil 30 September 20241
Mrs. L Maine, Community Assislant ltrom 01 February 20241
Prlncipal Offl¢e
Evenlide Home
57A Edgecombe Gardens
605 Castlts Lane Wesl
Bournemouth
Dorset
BH8 9TW
Charlty Reglstratlon Number
202516
Bankers
S8nland8r UK plc
Bridle Road
Bootle
Me15ey5id0
GIROAA
CAF Bank Ltd
25 Kings Hlll
Kings Hill
West Malling
Kent
ME19 4JQ
Investment Managèrs
CCLA Investment Management Limited
Senator House
85 Queen Victoria Street
London
EC4V 4ET
M S G CharilES
P.0. Box 9038 Chelmsford
CM99 2XF
Audltor
PKF Fr8ncis Clark
Statutory Auditors
Towngale House
2-8 Parkslone Road
Poo
Dorset
BH15 2PW
P¥Je 2

The Eventide Homes
Trustees, Report
The Trustees present the annual report together with the finanrAal statements and auditorfs rèport of
Ihe charily for the year ended 31 December 2024.
The financial slalemenls have been prepared in accordance with the accounting policies set out in
nol8S to the accounts and comply with the charitls governing documènt, the Charities Ad 2011 and
Accounting and Reporting by Ch8rilies'. Statement ol Recommendèd Piactice applicable lo charities
preparing their accounts in accordance with the Finanaal Reporung Standard applicable in the UK
and Republic of Ireland ISORP IFRS10211.
Trusteès of the charlty
Th$ Trustèes who havè 58rv9rt during the year and since the ygar and warè as follows..
Mr. K J Mantock, Chair (Electad on thè 26 April 20241
Mr. D W Roots. Vice-chair (Elected on the 26 Aprll 20241
Mrs. C Barker (from 19 July 20241
Mrs. L Barker
Mr. K Bèckingham Ilrom 19 July 20241
Mr. P R Freeman
Mr. R Hucklesby
Mrs. D Manlock
Mr. J. Red5ton
R8v. P Renyard luntll 26 Aprfl 20241
Mr. A Ststhopoulos (until 28 April 20241
Obl•ctlves & Actlvlties
The Eventide Homes comprises ol sèventy-ffive. individual dwellings in Castle Lane Wè51,
Bournemouth. These are provided for persons over the age of 60 who, through bereavement or othor
misfortune, are left without adequate means and arè In n8ed of assistance in the provision of a home.
Thè printipal objeclives ol thè Charity 8re lo ensure that it continues to seNe Ihose in ganuine need
ol almshouse accommodation, that the Homes are rnaintained to modern standards in ordei lo
provide an acceplable quality ol life lor thp residents, and that (he Charity is properly funded and
administered.
In order lo achieve the first of these objectives, tha Truste85 receive 8nd con8ideT applications from
potential residents", decisions as to the eligibility of applI￿nIS are made on the basis of ￿leVant low,
the provisions ol the Trust Deed and appropiiale precedents.
The Trustees airn to enhance the qualily of life of th6 residents by providing attractive grounds on the
eslale and a cornmunily hall for social and recreational usè.
The Charily èmploy a tÈ8m of staff who oversee the day-to-day admlnistralion. maintenance ol the
e5ts1e and support the residents, ability lo live independently, fostering a sense of COTnmunity,
collaborating with outsourced experllse and other stakeholders.
Public benefit 5tat8ment
The Trustees have considered the guidance issued by the Charity Commission and confirm that they
have complied with the requirements of section 4 of the Charitie5 Act 2011 regarding public benefit.
They believe that since the Charity was founded in 1936, it h8s worked consislenlly lo improve the
quality of life of older people of limited means, who have a￿ayS been a significant and vulnerable
8edion ol th8 community.
Page 3

The Eventide Homes
Trustees, Report
Although the beneficiaries do bear a significant proportion of the operating costs of the Charity
through the payment of weekty rna1n1enan￿ ¢onlribulions I'conlribulions'l, the latter are sel al a level
well below market rentsls and the Charity uses all 115 other i￿Orne lo pay for the balance of annual
8XP8ndilur8. Tha Trustèès comparè contributions with market rentals at regular intervals lo ensure
that a consistenl relationship be￿een Ihern is maintained and that Ihe contributions paid result in
material charilable benefits accruing lo residents. The Trustees also consider Ihal the Charitys
provision 0174 uni15 of socTral '3ffordable' housing in Boumemoulh makes a modesl contribubon of
accommodation lo the wmmunity that would othèrwise ba¢omg the responsibility of the various local
8Uthorilios.
The TTU51ees do not appty any 9eographical restriction5 to potential beneficiaries and they Ènsure
that, as a charity dedicated lo thè ielief of poverty, Evenlide Homes d985 not us8 9811Uln8 inability to
pay contribution$ 8$ a critèrion for rojecting an applicant. Howevèr. where rt app88rs that a person in
possassion of th8 nècassary funds may wilfully fail to pay their contribution. based on their prewous
credit history. the application may be rejected on the grounds that any shortfall in income is likety lo
pul the Charty al financi81 rlsk and conse4uènlly be delrirngntal to the wellbèing of othèr
residents.
Whilst Ihe Charity can only provide almshouse accornmodalion to older people, the Tiuslees are
comrnitted to promoting equality and diversity within the Charl￿8 policies, praclices and procedures
and r8cognisè Its rasponslbllities ut)der the Equallly Act.
Research published by Bayes Business School in 2023 reveals that living in an almshouse can boost
the longevity of ils residenls by as much as ￿0-and-a-hall years compared to their counterparts in the
general population. ITr Nov8mbér 2021, r8588rch published by the Housing Learning and
Improvetnent Nefvrfork ILINI, revealed that almshouses provide a range of f(n8ncial benefits to the
health and social care economy as well as wider financial benefiis. induding..
Lower likelihood of re5id8nlial care admission.
Reducllon in the likelihood ol the usè of domlelllary c8r•.
* Rèduction in arnbUlan￿ call-ouls (linked to lallsl.
. Reduclion in length of slay and delayed distharges from hospit￿.
. Reduction in GP and A&E visits as 8 r85uII of lowei incidence ol longline88.
. Investment in local econorniès through expgnditurè owi Staff.
+ Tha aconomic value of volunteering.
The prowsion ol affordable housing.
• The'freeing up. of housing in Ihe wider housng markeL
11 is &slimatad that living in an alMsho￿Se generates financlal benafits to the social care and health
economy 01 £1.340 per almshouse resident. per anThum.
Page 4

The Eventide Homes
Trustees, Report
Strateg1¢ Report
Achlevoments. porfomiance and luture plans
In 2024, we managed lo renew the roofing and insulation of one block of four hom9$. In 8ddilion,
and in consideration ol there being a greatei need for sing16 oceupanl dwollings in the area, WÈ
eonvèrtèd ona large dwelling back into ￿0, as they once were. decades ago. Thg Charity was able to
houso seven new beneficiaries in lolal.
The tolal amount spent during the year on maintenance was £69.252 12023 £91.366} . Additional
capital amounts of £195.323 12023 £147,343) w8re expend8d on major home improvèment$, suth
as the woofing and conversion works. The total outlay under all headings on property 01 £284,575
rbflecis Ihe continuous ernphasis Oll this aclivity (2023- £238.709) .
In 2024 the Weekty Maintenance Contributions that residents pay ranged from £95 10 £150 per week,
depending on Ihe type of home. All conlribulion5 a18 inclLSSIVg of water and sewera9# ¢h8rgas.
The Charity also continued its plans for thè Improvemènt ol the Assembly Hall. In 2021. followlng
iesearch and a residenl consuttalion, the Trustees concluded that whist the hall has been the focal
point for the communily lor almost 90 years, over Ihe years expectations ol our ie5idents have
changed. and today the space 15 undeTused. W8 want to provide a flexible open meèting spa(x, with
a lowered ceilng and lighting that can ba 8dju$led to meal thg ngeds of any givèn day.
Planning Permission lo improve the Hall was granted in late 2023. In 2024, the Trustees analysed the
costs involved and carried out a lundraising feasibility study. The Trustees have cre8led # d9519n8led
fund within 118 investment portfolio which would be exclusively used foi this project and forecast a
shortrall of around of £215,000 lo lully realise the vision lor tha hall. In 2025. applications will be madè
lo extem81 grant lunders and donors to fund the shortfall, ahead of the improvement works planned
for 2026.
In earfy 2024. residents wer6 consulted for their view5 regardin9 community engagemènt, as w811 as
their well-balng and quality of life. This helped shape a programmè of events that the Resident Forum
and staff facilitated throughout the resl ol the year. As well as the normal activities held in the hall on a
weekly basis, there were one-off fundraising events in support of the Hall Improvements, such as a
coach trip, and residents enjoyed a fish and thip lunch, a picnic in the garden. and a cheesg 8nd wine
evening.
The R85idents' Gardenlng Club had several communal planilng days In 2024. The Charity actively
èncourage lh8 Club, and il is well supported winning awards in the Bournemouth in Bloom
horticultural competition. The Club developed a new initiative in 2024, again in support ol the Hall
Improvernenl Project. whereby neighbours helped Ihose who were les5 able lo lend lo their own
gardening areas. This brought neighbours together in sharing a common p8ssion and helplng lo help
combat lonelines5.
The Charity contlnues to Snleraet wth othef Charities. Tha Charity Is a Member of the Almshouse
As$ociatlon and the Charl￿S Chief Executive Officer is a 'Regional Peer Representative., acting as a
point of coniaci locally.
Policy on reserves
The Charity's reserves al 31 December 2024, excluding reslricled funds. lolalled £4.711,273 12023
£4,417,239) as detailed in Notè 16 to the accoun15. Restricted funds lolalled £411,852 12023
£401,364) as detailed In note 16 of the aceounls. Total reservès arè £5,123.12512023- £4,818,603)
Page 5

The Eventide Homes
Trustees, Report
The General Fund is a reserve lo cover part of the normal annual oulgoings of the tharity. At balance
dale thÈ Revénuè Fund w85 £91,892 12023 - £247,671). Dèslgn818d Capital Funds cons151$ ol fixed
assels and non-restricled fixéd asset investm8nls. At bAlan￿ date this Fund was £4,619,381 12023
£4.169,5671.
The Trustees are satisfied with the level of Te3eNes, which are rnonilored and reviewed by the
Trustaès on a Quarterty basis.
Investment Managemenl
The prlmary purposè of the investment portfolio Is to pro￿de 8 substantial Income strèam lo the
Charity Ihat is indapendent of the income recèived from residents, thus enabling tha Trusteès to keep
the Weekly Maintenance Contriblrtions for accommodation well below market renls. The Trustees
therefore believe that it Is essential to retain the capital element of the investments indefinitely.
CCLA Invèslmènt M8nagèm8nt Llmltèd CCCLA,) has managad all tha Charitys rèstNct8d Invastmants
Ilhe WH Ridout Fund) and Ihe majority of ils Un￿StriCted investments since June 1998 in a single
portfolio. The latter comprises of a holding in the Charities Official Investment Fund ICOIFI Ethical
Inveslrnenl incorne shares. with the remainder being irhvestgd in the COIF Property Fund., the
restriclgd inveslrnents are 5gp8ralely Klenlified witl¥n Ih? two COIF Fullds.
The rnanagerfs tsrgel Is to athieve a a lotsl retum (growth in ¢apital and income) over the long lerrn
Id8fin8d a¥ five ye3r51 of UK CPI + per 8nnum. The wMpar8tor benchrnark for the relLtm on the
main COIF Ethical Investment Fund Is a composite of 75% MSCI World Indèx. 15Qk Markil IBoxx £
'Ils Index. 5% MSCI UK. Monthly Property Index. and 5% Sterfing Overnight Index Average.
In addition tts tha various COIF invostmènts managed by CCLA. thè Charity also has holdings in thè
Charity Mulli Asset fund. managed by M and G. 11 includes Iwo other accumulating designated funds.
One is a'Development Fund, valued at £484,164 as at the 31 December 2023, to help finan￿ longer
term opportunities to further the Charitys aims. The olher is a 'Hall Improvement Fund,. valued at
£357,760, as at thè 31 Dèc8mber 2024, to help finance Ihe plans foF our A558mbly Hall. The Trust885
started Invastlng In ihese funds in 2022.
WH Ridoul Mem￿181 Fund
In accordance with the SORP requirements this fund 13 restricted. The lerrns of the bequest in the will
of W H Ridoul thal 'lhe share taken by ihe T¥uslees be used excjusively for or towards the
maintenarn￿ and prowsion of hornes for Ihe aged ol Bournemouth, continues lo be fulfilled. Any
income received frorn Ihe3e inveslrnents is oftsel again31 Property maintenance expenditure in
ae¢ord8nce with th8 term5 of the beque$l.
In 2017 tho Challty diversified its portfolio. pur¢hasing an adjacent propety 8nd ranting th8 home on
the Open Market. The Rent 15 used lo support tha aims and objeclves of the Charily.
There are other inveslrnenls in the portfolio.
Thè Tws198S alé satlsfi8d wilh tha m8nagerfs pèrformani* kn 2024. Thèy (xjnlinuè lo monitor the
performance ol this Fund and to keep thè position under regular reviow. Investm&nl roports are
received quarterty and a meeting with the manager to review investment performance and policy is
held each year.
Pap6

The Eventide Homes
Trustees, Report
Ethical Investment Slalem6nl
We encourage and expect our Fund Managers to take social, environmental and ethical
considerations into account when a5se53ing the suilabilily of inveslrnen15 in order lo meet the
Charities, airns and objectives. The Trustees do not wish lo adopt an 8xcIu5ionary policy. bul
individual investment5 may be excluded if per￿1ved to Conflict with the Charity's PUTPOSéS.
Together with other Charities, Th8 Trustè85 took advantage of 8n opportunity in 2018 to swlteh funds
lo largeled elhieal Investment funds at a signlficantly lower prtce.
The Trustees idenlfy and manage risk$ lo ensure that..
significant risks ara known and monitorad, anabling Twstats lo makè infom)ed decisions and
take timely action the charity makes the rnost of opportunities and develops them with the
confidence that any
iisks will be managed
. fO￿ard and strategic planning ar8 Improv8d
. the charitys aims are achieved mor8 succasslully.
The Trustees rewewed the Business Plan In 2023 with annual strategic obieclves for thè noxt fve
years. The Objective$ are..
1. Provide high quality homes lo our beneficiaries with strong return on investment and weekly
maintenance contributions (WMCI which are reasonable bul relative lo rents charged within our areas
of operation.
2. Enhance our uniqu8 eultur$ provldèd to our residents through the Services, support, and advlcè wé
prowde. Ensuring that, through our activities and relationships with residents, local groups. and
organisations, we maximise the opportunities to foster a sense ol community.
3. Contdbute lo the sustainable development through the design and standards of our properties, and
the choi￿$ we rnake in maintaining and improving them lo high standards for the comfort, Safety, and
benefit of our re5id*nls and for thè wèll-bèing ol thè comrnunily as a wholè.
4. Continue lo demonstrate high standards ol governance and business effectiveness through
scrutiny and due diligence by the Board ol Truslees and Staff. to ensure continued financial viability.
and continue to invest in developing high standards of slaff performance.
The main risks indude the quality of our govemance, the services we deliver. future planning, and our
reputation with stakeholders. The Trustees have regularsy reviewed the major risks to which the
Charity 15 èxposed and are satisfied that systems are in place lo mi119ate their exposure.
The Charitys future financial position could be adversety affected if there 15 a long.lerm recession due
to the increased c051 of living. Thi5 could irnpacl the Charills income from ils inve51m8nls 8s well the
beneficiaries. ability lo make conlribulions. The Trustees have a dedicated Finance & Audit
Comrniltee who over588 and r8POrt to thè maln Board of Trustee8, the Ch8rlVs financlal position,
financial controls and the inlernal audit process.
Land & Builthngs
L8nd and buildings are shown al cost in the Charity's accounts at their original cost ol £178,191. The
buildings We￿ valued for insurance purposes at £13.202,578 as 0125 December 2024. The Trustees
acknowledge that the market value of the almshouses 15 in excess of their book valu8, but. having
taken advi￿ from a Ch8rtered Surveyor, and as the properties are held lor carrwng out Ihe charitable
purposes of the Charity, do not consider that 8 formal valualion would be justified.
Page 7

The Eventide Homes
Trustees, Report
stNcture. Governance & Management
The Homes are cuNenity administered by ex-officio and up to iwelve co-opted Trustees, the latter
each serving for a term of fO￿r years. apart frorn the Chaimian and Vice-chaimian who are elected
&a¢h year. Th8 duty ol tho Trustees is lo manage the funds of the Trust and lo deploy the incomo
against the costs of iepairs, insuran¢g, rnainlenance and management ol the Homes. Trustees arA in
a voluntary capacity and r8caiva no rèmuneration for their work. They may appty for rè-8lection at tha
end of each four-year term.
Trustees act in a voluntary e8p8¢ily and iectrivg no femuneralion for their work. They Tnay apply for
re-election at the end ol each four-year term. If a Trustee has served for more than nine years. Iheir
reappointment is subject to a particularly rigorous review which considers the need for progressive
refreshing of the board. In 2024, the Charity had five Trustees, who would have served more than
ine years. They all p05se5s unique expertise or knowledge crucial to the Charitys operations and
Iheir continued presenc8 at this thmo has bean daem￿ èssèntial.
During the year we reviewed syslerns and procedures to ensure compliance with the Almshouse
Associations 'Standards of Almshouse Managemenl, and Ihe chosen code of practi￿., the Charity
Govèrnancè Code for $rn8ll&r Charities.
In 2024. all Trustees undertook Iraining. refreshing their knowledge of the Charity Commission's core
guidance. as well as attending 8 speaalisl Continuing Professional Oeveloprnenl ICPDI accredited
1-day trainlng course. dèlivered by th8 Almshouse Association, to better enable the Trustees 10 8dopt
bost practic8.
When a vacancy oc£urs lor a Trustee, consideration is given to the skills required on the Board al Ihe
lime and direcl corTrtad 15 fflad8 lo ￿rsOn5 Wlth those Skills. Experience in a relev3nl field. for
example, care and svpport ol the elderty, health eare, local oovornmant, housing. property
management or finance. is required, and previous connection ¥Mlh the Charity in another capacity is
also deemed lo be of value in some cases. The Trustees lake care to ensure that, as a group, their
skills and experience cover all the main operations of the Charity.
A rneeling is arranged with the prospective Twstee to advise them of the required commitment.
explain the Charills objectives and assess Iheir inleresl. A guided tour ol the various propertie5 IS
undertaken. a history and background of th8 Charity is given, a copy of the m051 recent attounts ale
prowded. and they are invtsled lo attend a quartedy meeting as an observer.
New Trustees are inducted by the existing land in some cases outgoing) Trustees, Staff and any
external advisors who may be relevant lo the appoinlmenl. In order lo ensure that cornpliance with
relevant legislation 8nd regvlalion3 is achieved and be51 prac*ice 18 followed, the Charity lake
external legal and olhgr advice as appropiiale on particular issues.
A Govemance Policy assists Trustees ui their de￿slo￿ making and oversa&s three s￿￿e0mmItteeS
whith have suStable terrn5 01 reference and mernbership.
The Rejidenls. We￿are Cornmittee is chalred by Mr5. 0 Manlock. The overall purpose of this
Committee is to assrsl the Board In ils duty to oversee any siqnificant Issues oi risks
Con￿mIng individual residents, health and well-being which may impael upon their ability to live
independently as well as acting as Ihe Interview Advisory Panel. 11 also assists Ihe Board by focusing
on our activities and relationships with residents, local groups and organisalions lo foster a sense of
community and enhancing the unwue culture.
. Thè Property M8inlen8nce Cornmittee is chaired by Mr. K J Mantock. The overall puTpose of this
Committea Is to assist the Boaid ill ils duty 10 rn8intsin the property 8nd ground3. It focuses on th&
upkeep and fabric ol the buildings and grounds of au th¢ Charities assets, Heallh and Safety matters
and the development ol new capital projects. Page 8

The Eventide Homes
Trustees, Report
The Finan￿ and Audit Committee is chaired by Mr. D W Roots. The overall purpose of this
Committee is to assist the Board in its duly lo maintain 115 finances. 11 locuse5 on major areas of
change, innovation and development whith may impact upon the Gharitys finances.
Governlng document
The governlng document is the Trust deed dated 5th May 1936 a5 amended on 8th Augu511975. 18th
March 2004, 27th May 2004 and 16th May 2011.
Statement ol compllance
Thè charrty has complied with applicable laws and regulats'ons.
Page 9

The Eventide Homes
Trustees, Report
ststèment of Trust•8s' R•sponslbllltlès
Th6 trustèas are rèsponsible for preparing th8 truslaès, rèport and th8 financial siatem&nts in
accordance with the United Kingdom AcCoun￿'ng Standards (United Kingdom Generally Accepled
Accounting Practice) and applicable law and regulations.
Thg law applicabl8 lo ¢haiilies reqijirtrs tho trusteès lo prep8r8 finanri81 $tatèmants for ga¢h finan1>81
year which give a true and lalr view of the slate of affairs of Ihe charty and ot Ihe incoming resour￿$
and application ol resources of the charity for that period. In preparing these financAal slalements. the
trustees are required lo..
select suitable accounting policies and then apply them consistently..
observe the rnelhods and principles in the Charities SORP.,
mak& judg8m8nts and èstimalas that are reasonable and prudonl..
stste whether applicable accounting standards have been followed, subject lo any rnalerial
dep3rtur85 di5dosed and explainéd in the fin8n¢ial statements.. 8nd
prepare the financial statements on the going concern basis unless il is inappropriate lo presume
that the charity will continue in business.
Thè trustees ale responsible for keeping proper accounting records Ihal disdose with reasonable
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. the Charities IAccovnls and Reports) Regulations
2008, and Ihe piow5ions of the constitution. The Iruslee5 8re 8150 respon5ib18 tor safeguarding the
assels of the charity and hence for taking reasonable steps for the prevention and detection ol fraud
and other irregularitses.
Approved by the Injstees of the charty on 2 May 2025 and signed on ils behalf by.
MT. K J Mantock FRSA
Trustee
Mr. D W Roots
Trustee
Page 10

The Eventide Homes
Independent Auditor's Report to the Members of The Eventide Homes
Opinlon
We have audited the financial slalemenls ol The Evenlide Homes lihe 'charity'l for the year ended 31
December 2024. which comprise the Slalernenl of Financial Activities. Balarice Shgel, Cash Flow
Sta18menl. and Notès to the Financial Stalèm8nts, including 8 summary of slgnificant accounting
polieies. The financial ￿porting framework Ihal has been applied in their preparation is United
Kingdom Accounting Standards, comprising Charilies SORP - FRS 102 'The Financial Reporting
Standard applicable in the UK and Republic ol Ireland. and applicable law (United Kingdorn Generally
Accepted Accounting Praclicel.
In our opinion the financial statements..
give a true and fair Mew of the State ol the charily's affairs as al 31 December 2024 and ot ils
incoming resources and application of resources, including its income and expenditure. for the
year then ended.,
have been properfy prepared In accordance wilh Unlled Kingdom Genarally Accepted Accounting
Practice,. and
have bèen pr*parad In accordanc8 wfth thè rèquirèments of Ihè Charlll*s Aet 2011.
Ba818 for oplnlon
We conducted our audli in accordance with Intèmation81 Slandards on Audlting IUK) {ISAs IUIQI and
applicable law. Our responsibilities under those standards are further described in the auditor
responsibililies lor the audit of the financial statements section of our report. We are independent ol
the charity in accordance with the ethical requirements Ihal are relevant lo our audit ol the financial
stalernent5 in the UK. Including the FRC'5 Ethiral Standard, and we have luifilled our othèr 8thic81
respon51bilities in accordance with these requirements. We believe that the audit eviden￿ we havo
obtained is sufficient and appropriale to provide a basis for our opinion.
Conclusions rel3ling to golng ¢onc?rn
In auditing the financial staternÈn15, we have concluded Ihal the Iruslee3' use of thp 90ing concern
basis tsf accounting in tha preparation ol tha financial statèménts is appropriate.
Based on the work we have performed. we have not identified any material unceriainlie5 relating lo
events or conditions th31. individually or collectively. may cast significant doubl on the Gh8riV5 ability
lo continue as a going eoncern for a period of al least twelve months from when tha orfglnal finanaal
slalemenis wèrè authorised for issua.
Our re5ponsibililia$ and the rèsponsibilities of Ih? Iwslees with respect lo going con¢ein are
described In Ihè rèlevant sections of this rèport.
Other Informatlon
The tru51ee3 ale responsiblè for the other inforrnalion. The other information comprises the
information included in the annual rgPQrt. other than the finanri318lalement5 and our 8uditorfs report
thereon. Our opinlon on the financlal statemènts doÈs not covèr thè olhÈr Inlormatlon and. èxcèpt to
the 8xlent otherwlse expliulty stated in our report. wè do nol exp￿$$ any form of assuran¢&
conclusion Ihereon.
Page 11

The Eventide Homes
Independent Auditorfs Report to the Members of The Eventide Homes
In connection with our audit of the financial slatements, our responsibility ig to read the other
information and, in doing so, consider whether Ihe other information is materially inconsistent with the
financial slalernenls or our knowledge obtained in the audit or otherwise appears lo be rnalerially
fflISStat8d. If we identify such rnaterial incon515tenrAè5 or apparent material mi5stslefflen15. wè are
required to d6temiine whether thère is a material misstatement in th& financial statements or a
material misstatement ol the other infomation. If, based on the work we have performed, we conclude
that there is a material misstatement ol this other inforrnalion. we are req¢Jired to report that fact.
We have nothlng lo report In this r•gard.
Mattors on whSch we are roquSred to report by exceptlon
In the light of our knowledge and understanding of the charity and its ￿n￿rOnment obtained in the
course of the audit, we have not identified Material rnisstatements in Ihe Trustees. Report.
Wè have nothing to report in respect ol the following matters wherè th8 Charities Act 2011 rèquiras us
to report to you If. In our opinion..
8dequalg 8cwunling records have rJol been kept, or relum8 adequate for our audit have nol been
rè(*lvèd from branch•s not visited by us,. 01
the financial statements are not in agreement with the accounting Tecords and returns,. or
eèrtain disclosuras of trust8ès' wmunaiatlon spècifièd by law are not made.. or
we have not received all the information and explanations we ￿qUIre lor our audit.
Responslblllties of trustees
As explained more fully in the Slalemenl of Trustees. Responsibilities Isel out on page 101, the
Iruslees are responsible for the P￿paratIon of the financial statements and for being sa115fted that
they give a true and fair view, and for such inlarnal control as the trustees det8rmin& 15 necessary lo
enable the preparation of financial statements that are free from material misstatement, whether due
to fraud or error.
In pr8paring the finanelal slalernÈnts. the Irusle85 8re responsible for a55essing the ¢h3rity's abillty to
continue as a going concèrn, disclosing. as applicable, matters related lo going concèm and using the
going concem basis of accounting unless the trustees either intend to liquidate the tharity or to cease
operations. 01 have no realistic allernalive bul lo do so.
Auditor Re¥pon¥ibilities for the awdlt of the financial Ststements
Our objectives are lo obtain reasonable assurance about whether Ihe financial statements as a whole
are free from malerial misstatement, whbther due lo fraud or error, gnd to Issue an 8udilo¢s report
that indudes our opinion. Reasonable assurance is a high level of assurance, bul Is not a guarantee
that an audit conducted in accordance with ISAS (UK) will afvlays detect a material misstatement
when il exists. Misslalernenls can arise from fraud oi error and are conSide￿d material if, individualty
or in th8 aggreg818. they could reasonably bg expé¢ted lo intlu8nce the economic de¢ision5 of user3
takén on thè basis of these financi31 slalemenls.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilit￿s, outlined above. to delect rnaterial misslatements in respect
of i¥regularilies, including fraud. The extent lo which our procedures are capable of delecling
ir￿ularities, including travd is dètailèd below..
Page 12

The Eventide Homes
Independent Auditor's Report to the Members of The Eventide Homes
As part of our audit planning we obtained an undeTStanding of the legal and regulatory framework that
is applicable to the Charity. We gained an understanding of the Charity and the sector in which the
Charity operates as part of this assessment lo identify the key laws and regulations affecting the
Charity. As part of this, we reviewed the Charity's website for an indication of any regulations in place
and discussed these with the relevant individuals responsible for compliance. The key Tegulalions we
identified were Charity legislation, health and safety regulations and breaches of The General Data
Protection Regulation l GDPR'I. We also considered those laws and regulations that have a direct
impact on the preparation of the financial statements such as the Charities Act 2011 and Charities
SORP- FRS 102.
We discussed with management and trustees how the compliance with these laws and regulations is
monitored and discussed policies and procedures in place. We also Identified the individuals who
have responsibility for ensuring that the Charity complies with laws and regulation5 and deals with
reporting any issues if they arise. As part of our planning procedures, we assessed the risk of any
non-compliance with laws and regulations on the Charity's ability to continue trading and the risk of
material misstslement to the accounts.
Based on this understanding we designed our audit procedures to identify non4ompliance with such
laws and regulations. Our procedures involved the following..
Enquiries of management and trustees warding their knowledge of any non-compli8nce with
laws and regulations that could affect the financial statements. As part of these enquirie5 we
also discussed with management whether there have been any known instsnces, allegations
or suspicions of fraud.
Reviewed filings with the Charity Commission and whether there were any serious incident
reports made during the year.
Discussed with management if any health and safety incidents have been recorded during
the year.
Review of the GDPR policy and enquiries to management as to the occurrence of any
reportable breaches.
Reviewed legal and professional costs to identify any possible non-¢omplian¢e or legal costs
in respect of non-compliance.
Reviewed Board minutes.
We assessed the Susceptibility of the financial statements to material misstatement via two significant
risks. The first was management override Ifraud risk referring lo the ability of Management andlor
those charged with governance lo manipulate the accounting records and prepare fraudulent financial
slalements by overriding controls). Secondly, we evaluated management's incentives and
opportunities for fraudulent manipulation of the financial statements. We obtained an understanding of
the controls in place lo mitigate the risk of fraud. Based upon our understanding we designed and
conducted audit procedures including..
Auditing the risk of management override of controls, including through le5ting journal entries
and other adjustments for appropriateness, and evaluating the business rationale of
significant transactions outside the normal course of business.
Reviewing estimates and judgements made in the accounts for any indication of bias.
Agreeing weekly maintenance charges Irenl receivable) via proof in total and substantive
lesling.
Page 13

The Eventide Homes
Independent Auditor's Report to the Members of The Eventide Homes
Because of the inherent limitations of an audit. there is a risk that we will not detect all irregularities.
including those leading lo a material misslalemenl in the financial statements. The risk of not
detecting a material misstalemenl due to fraud is higher than the risk of not detecting one resulting
from error, as fraud may involve deliberate omissions, collusion, forgery, misrepresenlalions. or the
override of inlemal controls. We are also less likely to become aware of instances of non-compliance
with laws and regulations that are not closely related to events and transactions reflected in the
financial ststemenls.
A further description of our responsibilities is available on the Financial Reporting Council's website
at.. ￿.frC.0rg.ukla￿dIt0rsreSpOnSlbI1$1les. This description fomis part of our auditor's report.
Use ofour report
This report is made solely lo the charity trustees, as a body. in accordance with section 144 of the
Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been
undertaken so that we might slate lo the trustees those matters we are required to stale to trustees in
an auditors, report and for no other purpose. To the fullest extent pennitted by law, we do not accept
or assume responsibility lo anyone other than the charity and its trustees as a body, for our audit
work, for this report, or for the opinions we have formed.
Adrian Way FCA FCCA Isenior Slatulory Auditor)
PKF Francis Clark, Statutory Auditor
Towngate House
2-8 Parkstone Road
Poole
Dorset
BH15 2PW
Date..
ISM
PKF Francis Clark is eligible to act as an auditor in terms of section 1212 of the Companies Ael 2006.
Page 14

The Eventide Homes
statement of Financial Activities
Year Ended 31 December 2024
(Including Income and Expenditure Account)
Totsl
2024
Unreatrlcted
Restrlct•d
Noto
Incornè and Endowm•nts from:
Oonallons and legacles
Charitable activities
Investment income
5,958
444,377
73,983
5,958
444,377
88,280
12,297
Total Incomè
524,318
12,297
536,615
Expondlture on:
Charitable activities
350,270
12,29
362,867
Total Exp8ndilur8
Gainsllosses on investment assets
350.270
119,986
12.297
10,488
362.567
130,474
Nel rnovemenl in funds
294,034
10.488
304,522
R•eonelllatlon of funds
Total funds brought forward
Total funds rarried forward
4,417.239
401,364
4,818.603
18
4,711.273
411,852
5,123,125
The notes on pages 19 to 31 lomi an inlegral part of thesè finanual $latement8.
Page 15

The Eventide Homes
statement of Financial Activities
Year Ended 31 De￿mber 2023
(Including Income and Expenditure Account)
Total
2023
Unrestrfetsd
R•strleted
Note
Ineom6 and Endowments from:
Donatlons and legacies
Charitable acliviti95
Investment incomè
3,336
414,238
73,735
3,336
414,238
87,212
13,477
Total Income
491,309
13,477
504.786
Expondltur• on..
Chari18bl9 8ctivilios
344,147
13.477
357,624
Tolal Expendilu
Gainsnosses on inve8lmenl a&%¥ts
344.147
159,645
13.47
32.283
357,624
191,928
Net movement in funds
306,807
32.283
339,090
R•conciliailon of fund8
Total funds brought forward
Total fvnds ￿ThIed foFw8rd
4,110.432
369,081
4,479.513
18
4.477.239
401,364
4,818,603
All of the charity's aclivilies derive from continuing operation8 during the above tsvo periods.
The lunds breakdown for 2023 is shown in note 16.
The notes ors page$ 19 to 31 fonn an integral p8rt of the￿ financial ststemenls.
Pag8 16

The Eventide Homes
Balance Sheet
31 December 2024
2024
2023
Note
Fixed assets
Tangible assets
Investments
1,494,325
3,536,908
1.349,624
3,221,307
4.570,931
12
5,031,233
Current assets
Dobtors
Cash al bank and in hand
13
38,268
83,193
35.279
245,462
119,459
280,741
Cr•ditOTS- Amounts falling due withln one year
Net current assets
14
27.567
33,089
91,892
247.672
Nèt assèts
5.123,125
4.818.603
Funds of the charlty:
Restrietad income funds
Reslricled funds
411.852
401.364
Unrestrlcted Incom8 funds
Unrèstricted funds
4,711,273
4.417,239
Totsl funds
16
5.123,125
4,818,603
The financial statements on page5 15 to 31 were approved by the Iru5tees, and aulhorised for issue
on 2 May 2025 and signed on their beha￿ by..
Mr. K J Manlock FRSA
Trustee
Mr. D W Roots
Trustee
The notes on pages 19 to 31 fomi an integral part of these finanaal statements.
Pag&17

The Eventide Homes
Cash Flow Statement
Year Ended 31 December 2024
2024
2023
Note
Cash flows from oporatlng actlvltl•s
Net cash income
304.522
339,090
Adjustments to cash flow$ from non•caBh ltsm
Depreciation
Investment inrK>me
Unraalisèd Igainsl I lossas on invastmonls
50.622
188,2801
130,474
46,796
187.2121
191,928
138,390
106.746
Worklng capitsl •dlu¥tsnents
Increase in debtors
IDécr8a5elfincreasè in ciedltors
Deere8se In defe¥red income
13
14
198n
15,0391
463
11,1741
7,7C
61
Nel cash flows from operating aclbwties
Co$h flo￿ from Inv•sting aetlvttias
Interest receivable 8nd similar income
Purchase of tangiblo fixed assets
Purchase ol investrnenl5
131,901
113.217
86,280
1195,3231
185,127
87,212
1147,3431
24,0001
12
Net cash flows from investing activities
Nel Idecreasellincrease in ca3h and cash equivalents
Cash and cash aquivalents al 1 January
294,170
84.131
{162,2691
245,462
29,086
216,376
Cash and cash equivalents al 31 0ec8mbtrr
83,193
245.462
AJI ol the cash flows are derived from continuing Operat￿n6 during the above periods.
Th8 not85 on PBge5 19 to 31 form an integral part of these finanrAal statements.
Page 18

The Eventide Homes
Notes to the Financial Statements
Year Ended 31 December 2024
1 Accountlng poli¢les
lal G•n8ral Information and ba$lg of preparation
The Eventide Homes is a ChaTilable TTUSI registered in England and Wales. Thè addfess of the
registered office is given in the charity inforrn81ion on page 1 of th858 finan￿al 5tat8manls. Thè nature
of the charills operation5 and principal actsvities are lo provide almshouse accommodation to
individuals ovor 60 who ar& ln need of11.
The charity conslilules a public benefit enlily 85 defined by FRS 102. The financial statements have
been prepared in accordance with Accounting and Reportlng by Charities.. Statement ol
Recorntnended Practice applicable lo charities preparing Iheir accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. the Financial
R8POrting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021. the
Charities Act 2011. and UK G8nerally Arxepled Ac¢ounling Practice.
Thè financAal statements are prepared on a going concern basis and under the historic81 ¢x)sl
eonvenlion, modified lo include certain items al fair value. The financial slalèments are prepared in
slerting which 13 Ihe fijnth.onal eurrancy of th¢ eharÈty and roundad to iha n6aTest £.
The significant accounting poliries applied in the preparation of these finanrial 5t8tements are sèt out
below. These polirie5 havè baèn consi$19nlly applied to all yèars pras&nted unless otherwise slaled.
Ibl Ineomo r•cognltlon
All incoming resources are included in Ihe Statement of Financial Activthes ISOFAI when the charity 15
legally eniilled lo the incom8 after any perforrnance conditions have been met, the amount can bo
measured reliably and it is probable that the income will be received.
For donations lo be recognisgd the charity will h8ve been notified of thè amounts and the s6ttJeménl
dale in wrrting. 11 thèrè are condlllons attachèd to the donation and this requires a level of
perforrnance before èntitlement can be obtained then income is deferred until those condilions are
fully mel or Ihe fulfilment of those conditions is within (h& control of the charity and it is probable thal
they will be fulfilled.
Donated fadlillès goods and services are recognised in income at their fair value when their economic
benefit is probable, it can be measured reliably and the charity has control over the item. Fair value is
d8tertninèd on Ihe basis of the value of the gift lo the charity.
No amount is included in the financial stalemenls lor vDlvntoer time In line wth the SORP {FRS 1021.
Flxad asset gifts in kind are recognised when receivable and are included 31 fair valuè.
For legacies, enti11oment is the earlier of the charity being notified ol an impending distribution or the
legacy being rèceived. At this point income is recognised. On occasion legacies will be nolified lo the
charity however it is not possible to measure the amount expected to be distributed. On these
occasions. the legacy is Ireated as a contingent asset and disclosed.
Maintenance contribution income is recognised weekly on a receivable basis.
Page 19

The Eventide Homes
Notes to the Financial Statements
Year Ended 31 December 2024
Investment incorne is eamed through holding assets for investment purposes such as shares and
PfoP8ty. 11 indudes dividends and intere31. Where it is not practicable to identify investment
managèment costs incurred within a scheme with reasonable accuracy the inveslmenl income is
reported net of these costs. It is included whèn Ihè amount can b8 measurèd reliably. Interest incotne
is recognised using the effective interest method and dividend and rent income is recognised ag the
ehariws right lo receive payment is established.
Icl Exp•ndTriurg ro¢0gnltlon
All expenditure Is accounted lor on an accruals basls and has baan classifièd under h8ading5 that
aggregate all costs ￿lated to the calegory. Expenditu￿ is recognised where theie is a legal or
conslruclive obligation lo make payments to third parties. i( Is probable that the selllemenl will b&
rgquirad and the arnourhl of the obligallon can be rneaSUfed reliably.
Irrecoverable VAT IB chaiged as an expense against the activity forwh￿h expenditure arose.
Idl Support eosts #llocatlon
Support costs are those that assist the work of tha charity bul do not direclly represent ch8ritable
activities and include office costs, governan￿ costs, and administrative payroll costs. They are
incurred directly in support of expenditure on the objects of the charily. Where support costs cannot
b8 directly attribuled lo parts'cular h88dings they have been allocated lo cost of expenditure on
charitable activities on a basis consistent with usè of thg resouieès.
Fund-r8ising costs 818 thos¢ incurred In s8èk(ng voluntary contributions and do not indude the costs
of disseminating Inlomation In support of thè ch8rit8blg gCti*itio$.
The analysls of Ih¥s¢ costs is Includèd in notè 6.
lel Tanglble flxed assets
Tangible fixed assets are staled al cost {or deemed costl or valuation less accumulated deprociation
#nd accumulated impairmenl los$e5. Cost indudes costs directly attr¢butable to making the asset
capablè of oporating as inlendod.
Depreciation is provided on all tangible fixed assets, at rates ca￿ulated to write off the cost. less
astirnated r88idual value. of ea¢h a¥set on a sy&lemalic basis over ils expected useful life as lollows.
Land- not depreciated
Maln fabrfc- 30 years Straight line
Roofl èxt9rnal doors- 60 y8ars 5tr8ight line
Windowsl ext8rnal doors- 30 y8ars straight lin¢
Kitchen 20 yeaTS straight linè
Balhroomsl WCs- 30 years slraighl line
Mechanical (healing elcl- 15120130 years slraighl line
Eledrics- 10130 years 51raighl line
lfj Invgslment propertres
Investment property is carried al fair vdue, derived from the current markel prices for comparable real
slate. Changes in tsir value are r8¢ognised in income or expendilure.
Page 20

The Eventide Homes
Notes to the Financial Statements
Year Ended 31 December 2024
Igl Fixed Assèt Investments
Inve5ttnents are recogni5ed inrtially al fair value which is noTmally the transaction price excluding
transaction costs. Subsequently, they are measured al fair value with changes recognised in 'nel
gains I Ilossesl on investments, in the SOFA if thè shar8s are publicly traded or their lair valua can
othe￿ise be rneasured reliably. Other investmenls are measured al c051 less impairment.
Ihl Current Assèt Investments
Gurrenl asset investments are short term highly liquid investments and are held al fair value. These
indude cash on deposit and cash equivalents with a maturity of less Ihan one year.
111 Dobtors and cr•dltots r8e•ivabl• I poy4ble within one year
Debtors and creditors with no slated interest rate and r8c8ivable or payable wiihin one year arè
corded al transaction price. Any losses arising from impairrnenl are recognised in expenditure.
Ul Cash at bank and In hand
Cash al bank and cash in hand includes cash and Short term highly liquid deposits with a short
maturity of three monlhs or lèss.
Ikl Impairment
Assets not measured 81 fair value are reviewed for any indication that Iha a8sel rn8y be impaired at
each balance sheet date. If such indication exists, the recoverable amount of the asset. or the asset,
cash generating unil, is estimated and Cofnpared lo the carrying amount. Where the carrying arnounl
exceeds ils recoverable amount, an impairment loss is recognised in profil or loss unless the asset Is
arried at a revalued amount where the impairment loss is a revaluation deuease.
111 Flnanclal In5trum•nts
The Charity only has financlal assets and financial liabilities of a kind that qualify as basle financial
instruments. Basic financial instruments are init1811y recognised al transaction value and subsequently
measured at their settlement value.
Im) Pmvision¥
Provisions are recognised when the charity has an obligation 81 the balance sheet dale as a result of
a past event, it is probable that an oufflow of economic benefits will be required in sertlemenl and the
amount can be reliably estimated.
Inl Tax
The charity is an exempl charity within the meaning of schedule 3 of the Charlties Act 2011 and is
conSide￿d lo pass the lests set out in Paragraph 1 Schedule 6 Finance Act 2010.
lol Funds
Unrestricted funds are available lor use al the discretion of the Irustees In furthèr8n¢è of ihe general
objèctives of th6 charity and which have not been designated for other purposes.
Designated lund5 comprise unrestricted funds Ihat have been sel aside by the Iruslees for particular
purposes. The aim and use of each designated fund is set out in the notes lo the financial statements.
Page 21

The Eventide Homes
Notes to the Financial Statements
Year Ended 31 December 2024
Reslricle(I funds are funds whith are lo be used in acco￿anCe with speufic rpslTiCtion$ impgsed by
donors or which have been raised by the charily for particular purposes. The cost of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund 15 sel out in the note5 to the finaniyal slaternents.
(pl significant Judgements and eBtlmates
The original almshouses. with a historic cost of £178.191, are measured using the cost model and are
not r8valu8d. The Irus198s judge that a valuation would require undue cost and effort relatwe lo the
overall financial statemènts. Thère arè no significant accounting èstimatès.
Iql P•nslons and othér poit Ntlr•m•nt obllgation8
Thè charity opgratès a d&finÈd contribution pension $¢heme whi¢h is 8 penslon plan undar whlch
fixed contributions are paid into a pension fund and the charity has no legal Of constructive obligation
to pay further contributions even il the fund does not hold sufficient assets lo pay all employees Ihe
benefits relabng to employee service in the cwrent and prior periods.
Contribullons to defin8d contfibulitsn plans arÈ recognised itt the Statement of Flnancial Activitie5
when they are due. If contribution payments exceed the contribution due for service, the excess is
re(x)gnised as a prepayment.
{r) Golng Concern
The financial 8lalernenls have been prepared on a going ojncem basis. In the opinK)n of the bowd.
thè charity has sufficiant working capttal to continue lo meel its financial obligations afid pay its
liabilities as they fall due foT thè forèseeable futur8, thè budgeted incorne and expeniJiturè is sulficient
with the level of reseNes held lor the char¢ty lo be able to continue as a golng concem and therefore
the financial statements have been prepared on a going cL)ncern basis.
2 Incomp from donatlong and legacles
Unr•strlct•d
fundg
Total
2024
Total
2023
Oonalions
5.958
5,958
5,958
5.958
3,336
3 Income from cha￿table activitie•
Total
2024
Total
2023
Weekty rnainlenance contrib￿lon$
444,377
414,238
Page 22

The Eventide Homes
Notes to the Financial Statements
Year Ended 31 December 2024
4 Invèstment Incomè
Unrestrlct•d
funds
Restricted
fund#
Total
2024
Total
2023
Interest receivable and similar
incorne.,
Intere51 receivable on bank
deposits
Other investment income
4.368
69.615
4.368
81,912
6,792
80,420
87,212
12,297
12,297
73.983
86,280
5 Expenditure on charitable activltles
Total
2024
Total
2023
Water rates
Insurance
Hkjrnan resource8
Repairs and maintenance
General maintenance
Cleaning
Traval and subsistènca
Entertainment
Sundry
Support ¢osts (Note 6}
14,332
12.693
50,931
89.252
9,988
11,080
1,415
3,310
763
188,803
362,567
13,933
13,051
43,786
91.366
8,149
12,440
1,062
8.344
2.458
165.035
357,624
Page 23

The Eventide Homes
Notes to the Financial Statements
Year Ended 31 December 2024
6 Analys18 of gov8Tnan¢g and support costs
Support CO8ts allocated to charftabl• actlvltl48
Total
2023
Ttstal
2023
8asls of
allocatlon
Admin Staff
100%
100%
loo%
100%
100%
1(K)%
Human resources
Governance (see below)
Legal and professional
Information léehnology
Depreciation
Officè costs
Bank chargès
101.863
11.989
9,560
2,353
50,622
11,314
1,920
87,$7f
10.610
9,223
1,132
48,796
7.869
1,834
189,621
165,035
Gov•manc• costs
Unre8trfct•d
Total
2024
Total
2023
General
Audit fees
Audit of the financAal statements
11,989
11,989
11.989
10,610
11,989
10.fj10
7 Ngt incomingloutgoing rosourc•s
Net incoming resources for the year include..
2024
2023
Audilorfs rernuneration
Depreciation
(Gainllloss on investment assets
11.989
50,622
130.474
10,610
46.796
191,928
Page 24

The Eventide Homes
Notes to the Financial Statements
Year Ended 31 December 2024
8 Trustg0s' remuneratlon and gxpen¥es
No Iruslees, nor any persorns conneded with Ihern. have re￿iVed any r8munÈration Irorn the charily
during the year.
No trustees have recelved any relmbursèd expenses or any other benefits from the charily duflng the
year.
9 Stsff costs
The aggregate payroll costs were as follows..
2024
2023
Staff costs during the year were:
Wages and salaries
Social security costs
Pènsion costs
136,715
9,554
5,707
151.976
117,977
7,515
5.865
131,357
The monlhly average number ol person5 linduding senior management I leadership team) employed
by the charity during the year expressed as full timè aquN8lenls was 85 follows..
2024
No
2023
No
Average No. of employee5 {head countl
Thè number ol omploy68s whos8 èmolurnenls fell within the following bands was..
2024
N¢
2023
No
£70,001- £80.000
The lolal ernployee benefi15 of the key management personnal of the charity were £83,60912023
£78,755).
10 Taxatlon
The charity Is a raglstarèd charfty and 15 therefore exempl from taxation.
Page 25

The Eventide Homes
Notes to the Financial Statements
Year Ended 31 December 2024
11 T#ng4ble fixèd 41*•ts
Buildings
and major
home
Land Improvanènts
Total
Coot
At 1 January 2024
Additions
1,935
1,821,666 1,823,801
195,323
195,323
At 31 December 2024
1.935
2.016.989 2.018,924
OBpr•ciatlon
Al 1 January 2024
Charge for the year
473.977
50,622
473,977
50,622
At 31 Decembar 2024
524,599
524,599
Net book value
Al 31 December 2024
1,935
1,492,390 1,494.325
Al 31 Decernbgr 2023
1,93S
1,347,689 1.349,624
12 Flx•d ass•t Inv•stm•nts
2024
2023
Investment properties
Other investments
367,500
3.169.408
350.000
2.871,307
3.221.307
3.536,908
Page 26

The Eventide Homes
Notes to the Financial Statements
Year Ended 31 December 2024
Investment PTQP•rtIès
Invèstmenl
propertles
Cost or Valuatlon
Al 1 January 2024
Revaluation
350,000
17.500
At 31 December 2024
367,500
Provlslon
At 31 Oecember 2024
Net book valuè
At 31 Decernber 2024
367,500
At 31 December 2023
350,000
other Invegtfflents
Llsted
Investments
Total
Cost or Valuation
Al 1 January 2024
Revaluation
Additions
2,871.307 2,871,307
112.974
112,974
185,127
185,127
Al 31 Decernber 2024
3.169,408 3.169.408
Net book valu•
Al 31 December 2024
3,169,408 3.169.408
Al 31 December 2023
2,871.307 2,871,307
13 Debtors
2024
2023
Trade debtors
Piepayments
Accrued income
3.463
13.937
18,866
36.266
3.260
13.566
18,453
35,279
Page 27

The Eventide Homes
Notes to the Financial Statements
Year Ended 31 De￿rnber 2024
14 Credltors: amounts falling du• wlthln one yèar
2024
2023
Other taKalion and social security
Olh8r ciaditors
Accruals
Deferred income
3,206
2,794
20.066
1.501
2,872
3,649
24.584
1,964
27.567
33.069
15 Penslon and other 8¢hemes
Dèflnèd eontrlbutlon penslon scheme
The charity operal85 0 defined contribution pension scheme. The pen3ion ¢051 charge for the year
represents conlributions payaNe by the charity to thè scheme and amounted to £5,707 {2023
£5,865).
Contributions totalling £83512023 - £1,604) were payable to the stheme at the end of Ihe year and
are induded in creditors.
Page 28

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The Eventide Homes
Notes to the Financial Statements
Year Ended 31 December 2024
The Specific purposès forwhich the funds arè to be applied are as follows".
Desigrnated funds
The Capbtal Fund cons1Sts of fixed assets and non-reslricled fixed asset inveslm9nts.
The Developrnenl Fund is set agide to hèlp finance longor term opportunities to further the Chantys
aims.
The Hall Improvement Fund is sel aside lo help finance the plans for our Assembly Hall.
Restricted funds
The W H Ridout Memorial Fund is a bequest. The share taken is lo be used by the Trustees
8xclusively lor or towards Ihe rnainlenance and provision of homes lor the Aged of Bournernoulh.
17 Analysls of net aty¥ets betweèn funds
Total fund$
at31
Dècember
2024
Unrèstrlcted funds
Genernl
Designated
Restrlcted
funds
Tangible fixed assèts
Fixed asset investments
Current assets
1,494,325
3,125.056
1,494.325
3.536.908
119,459
27.56
411.852
119,459
27,567
Total nel assets
91,892
4.619,381
411,852
5,123.125
Total funds
at31
December
2023
Unrestricted fund5
General
Designated
Restricted
fund¥
Tangible fixed assets
Fixed asset investments
Current assets
1,349,624
2,819,943
1,349,624
3,221,307
280.741
133,069
401,364
280,741
33,069
Total nel assèts
247,672
4,169,567
401.364
4,818,603
18 Related party tran53ction5
There were no related party Ir8ll58clions in the year.
Page 31