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2022-12-31-accounts

Charity registration number 203787

ST. CHRISTOPHER'S HOME

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

ST. CHRISTOPHER'S HOME

LEGAL AND ADMINISTRATIVE INFORMATION

Charity number 203787 HMRC reference X76380 Registered office Abington Park Crescent Northampton NN3 3AD Tel: 01604 637125 Fax: 01604 604114 Email info@stchristopherscofehome.co.uk Patron Lord Bishop of Peterborough (President) Trustees Chairman Mr. Donald Loe Vice Chairman Mrs. Eileen Clinton Treasurer Mr. Ashley Dunkley F.C.C.A. F.M.A.A.T Ex Officio Father Oliver Cross Elected 05.02.22 Nominated Rev'd Byung Jun Kim Elected Mr. Tony Allen Resigned 18.05.22 Mr. Stephen V. Billings Resigned 25.10.23 Mr. John Kidney Resigned 06.04.22 Mrs. Celia Irwin Resigned 31.07.23 Mr. Michael Clarke Mrs. Elizabeth Loe Mr. Martin Sharman Major Michael Crouch Mr. Timothy Dolan

Manager

Miss S. Clarke

ST. CHRISTOPHER'S HOME

LEGAL AND ADMINISTRATIVE INFORMATION

External Advisors

Accountants Jervis & Partners 30 Harborough Road Kingsthorpe, Northampton NN2 7AZ Solicitors SP Law 110 Whitworth Road Northampton NN1 4HJ

Investment Managers Cave & Sons Lockgates House Rushmills Bedford Road Northampton NN4 7YB

Bankers National Westminster Bank plc 41 Weston Favell Centre Northampton NN3 8JT Auditors Shaw Gibbs (Audit) Limited Chartered Certified Accountants Statutory Auditor 264 Banbury Road Oxford Oxfordshire OX2 7DY Pension Auto Enrolment The People’s Pension Manor Royal Crawley West Sussex RH10 9QP

Area of Activity

The ecclesiastical parishes of

Area Church Abington St Peter and St Paul Billing St Andrew and All Saints Boughton St John the Baptist Dallington St James Duston St Luke and St Francis Far Cotton St Mary Grange Park Collingtree, St Columba and Grange Park Hardingstone St Edmund Kingsthorpe St John the Baptist, St David and St Mark Moulton St Peter and St Paul Northampton All Saints with St Katherine and St Peter Christ Church Emmanuel Holy Sepulchre with St Andrew and St Lawrence Holy Trinity and St Paul St Alban the Martyr St Augustine St Giles St Benedict St James St Matthew St Michael and All Angels with St Edmund Piddington with Horton St John the Baptist Quinton and Preston Deanery St John the Baptist Weston Favell St Peter Wootton St George the Martyr

ST. CHRISTOPHER'S HOME

CONTENTS

Page
Trustees' report 1 - 7
Statement of Trustees' responsibilities 8
Independent auditor's report 9 - 11
Statement of financial activities 12
Balance sheet 13
Statement of cash flows 14
Notes to the financial statements 15 - 28

ST. CHRISTOPHER'S HOME

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

The Trustees present their annual report and financial statements for the year ended 31 December 2022.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

1. Objectives and Activities

The objective of the Charity is the provision of homes for the welfare, comfort and relief in sickness of persons in need who are aged or infirm. Such homes are intended primarily but not exclusively for the accommodation of members of the Church of England. The Trustees do not believe that the range of beneficiaries is unreasonably restricted by the Charity’s constitution.

To this end, the Charity provides a range of different types of accommodation;

The Trustees’ aim is to provide the best possible living environment for those who have chosen to come to live at St. Christopher’s. The Home is not registered to provide dementia care but does support those in residential accommodation with a high level of physical dependency, wherever possible. The Home’s aim remains to provide a caring and spiritually sustaining environment for those who wish to avail themselves of the Charity’s facilities.

2. Fundraising

The Charity raises some funds from the public. It does not use professional or commercial participators but relies on Trustees, Staff and Volunteers to carry out any fund raising activities.

It follows the Charity Commission Guidance “Charity fundraising: a guide to Trustee duties (CC20)” when undertaking fundraising.

The Trustees are not aware of any failures to comply with this standard and monitor all fundraising activities undertaken by the Charity.

When undertaking fund raising the Charity has to protect vulnerable people and other members of the public from the following behaviors:

The Trustees have ensured that the Charity’s fundraising activities are undertaken without resorting to such behaviors.

3. Public benefit

While the Charity charges fees for the services it provides, these are often less than those in the private sector. In addition, the Charity tries to ensure that, regardless of their financial position, no resident will be forced to leave the Home for financial reasons alone. A number of residents are in receipt of local authority funding which cover a proportion of the fees charged. If there are no further contributions, the Trustees use the Charity’s own resources; the cost of such support in 2022 was £122,816 (2021 £81,951). The Trustees have had regard to the public benefit guidance published by the Charity Commission and the Trustees continue to maintain the Home’s admission procedures to try to ensure that an affordable balance between those able to pay the Home’s normal fees and those unable to do so would be maintained.

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

ST. CHRISTOPHER'S HOME

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

4. Performance

Sarah Clarke, Manager, writes:-

During the past year we have had a clear focus on developing and improving areas of the home for the benefit of the Residents. Moving forward from the challenges of the Coronavirus Pandemic there was a clear need to focus on activity provisions within the home and the Wider Independent Living community. Striving to improve the quality of life and social interactions for all. Bringing both communities back together again. Trustees and Staff in all departments have worked hard to provide opportunities for everyone to come together again through themed events and social activity.

The first Big event since the Pandemic held at the home was the Platinum Jubilee of Queen Elizabeth II, this saw the whole of the St Christopher’s community coming together for a special event for the first time. This extended to the further reach of our local community, Friends, and Family. A wonderful time was had by all with four days of special events planned and coordinated by the Trustees, Staff and Volunteers of the home.

We have focused also on raising the standards of our food provisions. We recruited and introduced a Kitchen Manager in order to overhaul the Kitchen department and ensure that the quality of and enjoyment from food could be enhanced for all residents. This has seen an overhaul of the Kitchen equipment and menus starting to take place and the hard work and efforts of the Kitchen Team regained our five star food Hygiene rating in September of 2022.

During January of 2022, the Local Authority West Northants Council inspected us. Overall, the inspection was positive but there were some areas identified that needed tightening up on. These were in regard to tracking trends and themes on maintenance. Together with enhancing care plan information further in regard to mental capacity and their preferences and engaging relatives’ feedback which they acknowledged had been difficult over the previous year owing to the Pandemic. We collaborated with the Local authority contract monitoring officer and developed an action plan signing off the actions as improvements to the areas identified as they were made and evidenced.

Recruitment and retention of staff became one of the most challenging areas. The Coronavirus Pandemic saw people leave the Health and Social Care Sector at a concerning rate given the pressures and experiences during those times it was inevitable. This caused challenges in recruiting unfamiliar staff to the service and as a result in order to maintain safe staffing levels Agency support was required.

Training was an area that was able to vastly improve in 2022 and saw the staff receiving face to face training sessions once again. The focus as always is to ensure that compliance with the mandatory core training elements are maintained for all staff but a drive forward to also provide the extra specialist subjects was made owing to the fact that these could now take pace face to face again and further enhance the skills and knowledge of our staff. 2022 also saw the introducing of a new Mandatory course introduced to all Health and Social Care settings and staff commenced undertaking the Mandated Oliver McGowan training on Learning Disabilities and Autism.

Stephen Clamp and the Maintenance Team worked exceptionally hard throughout the year to ensure that the home was maintained and refreshed with the decoration of communal areas and corridors taking a priority to maintain the aesthetic appearances of our Home environment. This has been widely commented and remarked upon by all whom visit the home.

Lisa Dowdy has worked exceptionally hard to ensure that room vacancies are well managed, and we have seen new residents joining us promptly throughout. With our waiting list continuing to grow. September saw our Deputy Manager Katrina take Maternity leave and welcome a new Baby Boy Leo in October. This saw Tracey Glover one of our Team Leaders step up to the mark to help to perform higher roles and duties in order to maintain the homes leadership and support myself. My thanks to goes to Tracey for this.

Overall, 2022 was a better year for the home and its people following on from the previous two years of struggles. There was a deep sense of returning to normality and there was a buzz about the home at having our doors finally open again and visitors free flowing. There was still reluctance from some residents.

ST. CHRISTOPHER'S HOME

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

5. Risk Assessment

The Trustees have considered the main areas of risk which could affect the continuing operations of the Charity and have insurance policies in place to mitigate any damage such identified risks might cause.

6. Financial Review

St Christopher's is reliant on the incoming resources provided by the activities in the furtherance of the Charity's objectives. The continued reliance on agency support staff along with the levels of care and support staffing and the further impact following the introduction of the National Living Wage, the net incoming resources for unrestricted funds before investment revaluations reflected a deficit of £154,281 (2021 £53,454 deficit), The Charity received in the year £73,749 (2021 £63,832) from its investment portfolio. This investment portfolio year end revaluation resulted in a deficit on unrestricted and restricted funds of £168,237 (2021 £199,888 surplus). These resources have also been supported generously by COVID funding, donations and gifts including legacies and fundraising activities amounting to £48,613 (2021 £170,567).

As noted above, the Trustees use the Charity's resources to help those residents who are unable to pay the full fees. They budget, however, on the basis that full fees will be paid and regard the investment income as the chief source of support for those unable to pay in full. Existing residents do not therefore subsidise those who pay less than full fees. In general, budgets are framed to produce a broadly neutral financial position.

7. Investment powers, policy and performance

There are no restrictions on the Charity’s power to invest however the Trustees have committed themselves to follow the ethical principles set out in the policy statement produced by the Church of England Advisory Group. A copy of this policy statement is available on request from the Home. The Charity’s investment managers take account of this statement in their management of the Charity’s portfolio.

These managers are tasked to produce a targeted level of income while trying to grow the real value of the portfolio. Performance in 2022 was in line with the benchmarks agreed by the Trustees with the investment manager.

8. Reserves

The Trustees consider that there are two principal areas of financial risk. The first of these is the possibility of a loss of revenue or additional costs due to a particularly severe epidemic or pandemic. The second is the possibility of major expenditure being incurred on unforeseen repairs to buildings or equipment.

The Trustees believe that it would be appropriate to hold free reserves of approximately £250,000 for these eventualities. The free reserves held at the end of the year amounted to £309,959 (2021 £450,756). Reserves are monitored at Trustees’ meeting on a regular basis.

The total funds held at the end of the reporting period was £4,279,079 (2021 £4,592,301) of which are restricted funds £146,519 (2021 £154,954) which are not available for general purposes. Designated funds of £387,307 (2020 £405,687) are held at the year end, and general funds of £3,745,253 (2021 £4,031,660) Tangible fixed assets amounted to £1,978,637 (2021 £2,002,089), Investments were £1,310,138 (2021 £1,423,862) and current assets investment were £533,826 (2021 £560,640).

As noted in the Balance Sheet and in note 13, the Charity’s investment portfolio amounted to £1,310,138 (2021 £1,423,862). As explained above, the income from this portfolio is dedicated to meeting the Home’s charitable objectives. Cash balances continue to remain higher than usual in recent years because most of the independent living accommodation has been “sold” on long leases rather than rented. Whether to “buy” or rent is a decision for the individual independent living resident. The Trustees are therefore committed to maintaining large cash balances in order to facilitate the management of the Charity’s estate. The future expected cash flow is reviewed by the Trustees on a regular basis.

ST. CHRISTOPHER'S HOME

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

9. New Plans and Developments

The temporary building hired to store PPE and to create a space outside the main Home for Covid testing and for use by workmen for Welfare facilities has now been removed.

A programme of planned maintenance and refurbishment ensures that the facilities are kept at a high standard and the grounds continue to be maintained excellently, an amenity which is valued by all. The Estates staff are to be commended for this.

Visitors will have noticed continual improvements to public areas and corridors in the main part of the Home. We wish to provide an atmosphere that meets the expectations of residents in the 21st century; as rooms become vacant, it is the policy of the Trustees to modernize, improve and re-decorate to meet this standard.

During 2022, as part of the planned maintenance, work has been carried out internally on the main Home.

Following on from the significant investment in 2021, we have continued with the Refurbishment as required of residents’ rooms, including up-dating of en-suite facilities. The main corridors to each wing have been redecorated and provided with new light fittings and occasional furniture.

Investment in the fabric, fixtures and fittings has been limited to the immediate needs of the Home. An agreement has been drawn up about the boundary dispute with the present owners of No 5 Abington Park Crescent. The dispute arises from a land swap between the Diocese of Peterborough and St Christopher’s Home in 1982. The issue is our present bin store is located on a piece of land that the owners of No 5 have a right of way over. This was not an issue with the Diocese of Peterborough, but it is now in private ownership. In exchange for the boundaries being relocated to their previous positions we will have the benefit of a covenant from the present owners not to use their front garden for access and parking of cars and we will have the right to have signs on the fence and the new wall and for the cables and existing lights to be retained and new ones added to the new wall.

As a result of the dispute a new bin store will be required, and we have obtained planning permission to build a new roofed bin store structure on the triangle of land at the rear of No 5 Abington Park Crescent. Construction drawings will be prepared to show an option to have a bin store with or without a roof. The cost of this has turned out to be prohibitively expensive and so a new fenced and landscaped area will be created on western part of the north car park.

The boiler in the Willows wing has been replaced.

The main dining room has been refurbished using a recent legacy.

We have provided an easement to have Ultra-Fast Broadband infrastructure available within the grounds of Home with City Fibre Ltd. This has not been progressed as installation would have caused unsightly external cabling on the Coach House.

A new boiler has been installed to heat the common parts of St Martin’s Court.

New windows have been installed in St Ragener’s chapel sanctuary and blinds have installed on the south side.

The kitchen units in the Cedars have been replaced with stainless steel units and tops as have those in the main kitchen pantry. Hot trollies and plate warmers have been provided for the dining rooms. The south side of the north wing of the Hollies roof (above the laundry and boiler house) has been reroofed using new felt and battens and the existing slates and ridge tiles.

Replacement flat roofing has been carried out on the south end of the Willows Wing and St Martins Court corridors.

ST. CHRISTOPHER'S HOME

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

10. Governance

The Charity was founded by and operated under a Trust Deed dated 15 February 1943 until 16 March 2005, when a new Scheme approved by the Charity Commission, came into effect. This Scheme, is the Charity’s present governing instrument.

The Trustees comprise

The names of those elected by the Parish representatives are shown on LEGAL AND ADMINISTRATION INFORMATION page. These Trustees are elected for a 3-year term and one third of them will retire at each Annual General Meeting.

On appointment, new Trustees are provided with the charity’s governing document and guidance documentation ‘The Essential Trustee: What you need to know’ from the Charity Commission, and are made as fully aware as possible of the Charity’s activities and are encouraged to develop their contributions as Trustees in those areas to which their individual expertise and experience calls them.

The Trustees who served during the year and up to the date of signature of the financial statements were: Mrs E Loe

Mr T Allen (Resigned 18 May 2022) Mr SV Billings (Resigned 25 October 2023) Mr D Loe Mr M Clarke Mr M Sharman Mrs C Irwin Mr A Dunkley Mr J Kidney (Resigned 6 April 2022) Rev'd BJ Kim Mrs E Clinton Major M Crouch Mr T Dolan Mrs. Celia Irwin (Resigned 31 July 2023) Father Oliver Cross (Appointed 5 February 2022)

The Trustees meet regularly and are responsible for the strategic direction and policy of the Home. They specifically consider applications from prospective residents and matters concerning the wellbeing of the residents and staff. The Finance Manager, Residential Manager and the PA/Secretary to the Residential Manager also attend these meetings.

Responsibility for the day to day running of the Home rests with the Residential Manager and her management team. The Trustees are responsible for setting their pay, which is reviewed annually.

ST. CHRISTOPHER'S HOME

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

11. Thanks and acknowledgements

Donald Loe, Chair of Trustees writes:

This report covers the calendar year 2022.

We are blessed to have the services of a dedicated staff team led by Miss Sarah Clarke, the Residential Home Manager, supported by our assistant Deputy Manager Katrina Jones, and our PA Secretary Lisa Dowdy who have worked hard to support the residents, the independent residents, and each other; for this we are most grateful.

The Trustees were sorry to lose the services of Mr. Peter Howard, our Finance Administrator in August. We were grateful for his unstinting management of the financial and business aspects of the Home during his 15 years of service. A permanent replacement was not made during the remainder of the year. We do not underestimate the additional pressure this has put upon the running of the Home. We must say here how well Sarah, Lisa and Nirali have coped in the accounts department after Peter Howard left and who were supported by Ashley Dunkley.

In addition, our Estates Manager Mr. Stephen Clamp has suffered a serious illness during which time he has kept in touch with the Home whilst he was unable to attend. For his tireless work and dedication looking after the Home we are truly grateful.

The life of the Home during 2022 has continued to be a challenging time for staff and Trustees. We are indeed indebted to them for their dedication, application, and skill.

The Residential Manager, Mrs. Clinton and Mrs. Irwin have worked closely to produce together to follow on Action Plans required by the CQC in 2021. This continued throughout the year to attend to the items set out in the new targets.

We are also blessed to have the Reverend Byung Jun Kim, Rector of Abington as our chaplain, his ministry amongst us all is a great benefit to the Home. Combined with the services of the Reverend Rachel Hetherington the Pastoral needs of the Home are well served.

We appreciate too, the support of other local clergy who regularly lead the worship in both of our chapels; the Lay leadership provided for services by members of the St Christopher’s community and volunteers is also highly valued.

The St. Ragener’s Christmas service in December 2022 was streamed to the Home and the residents had their own Communion service on a Thursday.

Services have been restricted in number in St Ragener’s Chapel and in the Home due to the pandemic. During the year we were still in Outbreak mode in February and staff vaccinations mandatory, by April we were in Exposed Mode, however in November the memorial service was postponed, and at Christmas time services were cancelled due to Covid.

The staffing was restructured in the kitchen and improvements made.

We managed some Platinum Jubilee celebrations which were well received by all concerned and there were lots of fine contributions from staff and volunteers. A tree was planted to the west of The Willows to mark the event.

In April John Kidney advised he was to stand down at the next AGM meeting. We are grateful to John for his services to St. Christophers as a Trustee and Chairman. We wish him and Jo health and happiness in their retirement on the south coast.

In May the volunteers met and planned their re-entry into the Home after the Covid restrictions were lifted. From June the Trustees were back in the Home doing their inspections. Film nights put on by Celia Irwin and other volunteers were enjoyed. The shop re-opened and the Independent Living community were allowed back in the residence after a lateral flow test and wearing a mask.

In August we welcomed three Bishops from South Korea who were visiting the Diocese as part an exchange with Seoul Diocese. They were shown the residence and the grounds and enjoyed afternoon tea in the chapel with residents and we were thanked in a traditional way with a Korean song of gratitude.

ST. CHRISTOPHER'S HOME

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

In September the Trustees meeting was held via Zoom. The whole Home mourned the loss of Her Majesty Queen Elizabeth II.

Katrina Jones was appointed as Deputy Manager and later gave birth to her son Leo.

A new Finance Manager was appointed but was taken ill at the end of the year.

As always, we are very grateful to those who have made donations to the Home during the year and for legacies which, when combined with contributions made over many years, it enable us to support the charitable objectives of St Christopher’s and to provide those much-appreciated extras.

Residents and Independent Residents support the activities of the Manager and our Activities Organiser, in planning and supporting the organisation of a wide range of social events and activities for the benefit of everybody at St Christopher’s. The number of these has been restricted this year due to the pandemic. We are grateful for the support of the Trustees and a core group of Volunteers in the last difficult year.

Our Board of Trustees is highly committed to ensuring that the Home is governed and managed well. Through regular weekly monitoring visits, they support the manager in developing the Home and safeguarding the residents, staff, and the future of St. Christopher’s. By regular testing this continued, when needed, during the lockdown caused by the pandemic.

Each member of the Board, whilst having the responsibility of ensuring general good governance of St. Christopher’s, is encouraged to specialise in various areas of activity around the Home.

Thanks must go to the Trustees for their continued commitment to the extensive workload that the Home generates. During 2022 we have sub-committees these are now arranged as:

We gratefully acknowledge the hard work put in by all the Trustees during a difficult year which included working, at times, outside the confines of the Residential Home for Health and Safety reasons.

Meetings were held via Zoom and interviews were held, when required, in the summer house and coffee lounge where a full width screen had been erected and microphones installed, in 2021, to provide separation between staff, residents, and visitors when visits took place.

Whilst recognising that Trustees need to have a clear understanding of the laws and regulations that apply to the Home and the expectations of our Regulators - CQC and Local Authority inspectors, unfortunately due to the pandemic no on-site training courses have been held during the year.

The Manager and Trustees still had to deal with the legislation requiring the Mandatory Vaccination of Staff. The Home took advice from our Human Resources consultant and solicitors to protect the interests of the Home.

As a result of inspections requested by the Trustees a decision was made to look carefully at the kitchen and to make necessary improvements. This was implemented.

ST. CHRISTOPHER'S HOME

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 DECEMBER 2022

The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.

In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping sufficient accounting records that disclose 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 Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

ST. CHRISTOPHER'S HOME

REPORT OF THE INDEPENDENT AUDITOR'S TO THE TRUSTEES OF ST. CHRISTOPHER'S HOME

Opinion

We have audited the financial statements of St. Christopher's Home (the ‘charity’) for the year ended 31 December 2022 which comprise the Statement of Financial Activities, the Statement of Financial Position, the Statement of Cash Flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report other than the financial statements and our Report of the Independent Auditors report thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

ST. CHRISTOPHER'S HOME

REPORT OF THE INDEPENDENT AUDITOR'S TO THE TRUSTEES OF ST. CHRISTOPHER'S HOME

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

Responsibilities of Trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We identified and assessed the risks of material misstatement of the financial statements from irregularities, whether due to fraud or error, and discussed these between our audit team members. We then designed and performed audit procedures responsive to those risks, including obtaining audit evidence sufficient and appropriate to provide a basis for our opinion.

We obtained an understanding of the legal and regulatory framework within the charity operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The laws and regulations we considered in this context were the Charities Act 2011 together with the Charities SORP (FRS102) 2019. We assessed the required compliance with these laws and regulations as part of our audit procedures on the related financial statement items.

ST. CHRISTOPHER'S HOME

REPORT OF THE INDEPENDENT AUDITOR'S TO THE TRUSTEES OF ST. CHRISTOPHER'S HOME

Our responsibilities for the audit of the financial statements (continued)

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which might be fundamental to the charity's ability to operate or to avoid a material penalty. We also considered the opportunities and incentives that may exist within the charity for fraud. The laws and regulations we considered in this context were Charity Commission regulations, GDPR, anti-fraud and bribery legislation, taxation legislation and employment legislation.

Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the Trustees and other management and inspection of regulatory and legal correspondence, if any.

We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to be within the timing of recognition of income, and the override of controls by management. Our audit procedures to respond to these risks included enquiries of management, sample testing on the posting of journals, reviewing accounting estimates for biases, performing analytical procedures to identify any unusual or unexpected relationships, testing of income cut-off and reading minutes of meetings of those charged with governance.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Shaw Gibbs (Audit) Limited Chartered Certified Accountants Statutory Auditor 264 Banbury Road Oxford Oxfordshire OX2 7DY

Date: 29 October 2024

ST. CHRISTOPHER'S HOME

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2022

Notes
Unrestricted
funds
2022
£
Restricted
funds
2022
£
Income from:
Donations and legacies
3
48,613
-
Charitable activities
4
2,335,372
5,316
Investments
5
69,769
3,980
Total income
2,453,754
9,296
Expenditure on:
Charitable activities
6
2,608, 035
-
Total expenditure
2,608,035
-
Net gains/(losses) on
investments
10
(150,506)
(17,731)
Net income/(expenditure) and
movement in funds
(304,787)
(8,435)
Reconciliation of funds:
Fund balances at 1 January
2022
4,437,347
154,954
Fund balances at 31
December 2022
4,132,560
146,519		 Total
2022
£
Unrestricted
funds
2021
£
Restricted
funds
2021
£
48,613
170,567
-
2,340,688
1,993,105
5,068
73,749
60,218
3,614
2,463,050
2,223,890
8,682
2,608,035
2,277,344
-
2,608,035
2,277,344
-
(168,237)
181,673
18,215
(313,222)
128,219
26,897
4,592,301
4,309,128
128,057
4,279,079
4,437,347
154,954		 Total
2021
£
170,567
1,998,173
63,832
2,232,572
2,277,344
2,277,344
199,888
155,116
4,437,185
4,592,301

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

ST. CHRISTOPHER'S HOME

BALANCE SHEET

AS AT 31 DECEMBER 2022

Notes
Fixed assets
Tangible assets
12
Investments
13
Current assets
Debtors
14
Investments
15
Cash at bank and in hand
Creditors: amounts falling due within
one year
16
Net current assets
Total assets less current liabilities
The funds of the charity
Restricted income funds
18
Unrestricted funds
19		 2022
£
180,949
533,826
628,910
1,343,685
353,381
£
1,978,637
1,310,138
3,288,775
990,304
4,279,079
146,519
4,132,560
4,279,079		 2021
£
189,395
560,640
681,803
1,431,838
265,488
£
2,002,089
1,423,862
3,425,951
1,166,350
4,592,301
154,954
4,437,347
4,592,301

ST. CHRISTOPHER'S HOME

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2022

Notes
Cash flows from operating activities
Cash absorbed by operations
23
Investing activities
Purchase of tangible fixed assets
Proceeds on disposal of tangible fixed
assets
Restricted funds fair value gains/(losses)
Purchase of investments
Proceeds on disposal of investments
Interest received
Net cash generated from investing
activities
Net cash used in financing activities
Net decrease in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
Relating to:
Cash at bank and in hand
Short term deposits included in current
asset investments		 2022
£
(284,500)
282,500
(63,772)
(178,636)
187,896
73,749
£
2021
£
(96,944)
(1,359,510)
1,284,000
65,255
(237,072)
242,191
63,832
17,237
-
(79,707)
1,242,443
1,162,736
628,910
533,826
£
(101,036)
58,696
-
(42,340)
1,284,783
1,242,443
681,803
560,640

ST. CHRISTOPHER'S HOME

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

Charity information

(a) General information and basis of preparation

St. Christopher’s Home is a Charity resident in England. The address of the Registered Office is given in the Charity information on page 1 of these financial statements. The nature of the Charity’s operations and principal activities are the provision of homes for the welfare, comfort and relief in sickness of persons in need who are aged or infirm. Such homes are intended primarily but not exclusively for the accommodation of members of the Church of England.

(b) Funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity 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 is set out in the notes to the financial statements.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets. The principal accounting policies adopted are set out below.

ST. CHRISTOPHER'S HOME

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

(Continued)

1.2 Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.5 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings nil Fixtures and fittings 20% reducing balance Motor vehicles 25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

ST. CHRISTOPHER'S HOME

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

(Continued)

1.6 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

ST. CHRISTOPHER'S HOME

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

(Continued)

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Donations and legacies

**Unrestricted ** Unrestricted
funds funds
2022 2021
£ £
Legacies receivable 59,236 70,741
COVID Funding (11,514) 98,536
Fundraising income 891 1,290
48,613 170,567

ST. CHRISTOPHER'S HOME

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

4 Charitable activities

Rents received Rents received
Service
Service
Service
- Coach House
and other
- St Martins
Court
charges -
Coach House
and other
charges - St
Martins Court
charges -
Contribution
to the Sinking
Fund
2022
2022
2022
2022
2022
£
£
£
£
£
Charitable activities
-
-
-
-
-
Charitable rental income
13,896
5,865
30,406
25,451
5,316
Other income
-
-
-
-
-
13,896
5,865
30,406
25,451
5,316
Analysis by fund
Unrestricted funds
13,896
5,865
30,406
25,451
-
Restricted funds - general
-
-
-
-
5,316
13,896
5,865
30,406
25,451
5,316		 Fees
receivable
2022
£
2,241,497
17,325
932
2,259,754
2,259,754
-
2,259,754		 Total
Total
2022
2021
£
£
2,241,497
1,916,755
98,259
80,916
932
502
2,340,688
1,998,173
2,335,372
1,993,105
5,316
5,068
2,340,688
1,998,173

ST. CHRISTOPHER'S HOME

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

(Continued)

For the year ended 31 December 2021

Rents received Rents received
Service
Service
Service
Fees
- Coach House
and other
- St Martins
Court
charges -
Coach House
and other
charges - St
Martins Court
charges -
Contribution
to the Sinking
Fund
receivable
£
£
£
£
£
£
Charitable activities
-
-
-
-
-
1,916,755
Charitable rental income
13,247
1,312
24,618
20,171
5,068
16,500
Other income
-
-
-
-
-
502
13,247
1,312
24,618
20,171
5,068
1,933,757
Analysis by fund
Unrestricted funds
13,247
1,312
24,618
20,171
-
1,933,757
Restricted funds - general
-
-
-
-
5,068
-
13,247
1,312
24,618
20,171
5,068
1,933,757		 Total
2021
£
1,916,755
80,916
502
1,998,173
1,993,105
5,068
1,998,173

ST. CHRISTOPHER'S HOME

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

5 Income from investments

Unrestricted Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2022 2022 2022 2021 2021 2021
£ £ £ £ £ £
Income from listed
investments 69,769 - 69,769 60,218 - 60,218
Income from unlisted
investments - 3,980 3,980 - 3,614 3,614
69,769 3,980 73,749 60,218 3,614 63,832
Expenditure on charitable activities
Unrestricted Unrestricted
funds funds
2022 2021
£ £
Charitable activities
Support and governance costs 2,608,035 2,277,344
2,608,035 2,277,344

6 Expenditure on charitable activities

ST. CHRISTOPHER'S HOME

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

7
Support costs
Staff costs
Depreciation
Provisions
Rates and water
Light and heat
Cleaning materials,
contracts and domestic
items
Building and general
maintenance
Sinking Fund contribution
Property improvements
Insurance
Advertising and
marketing of Home
Garden and grounds
expenses
Travelling
Registration fees
Telephone
Advertising - support
Recreational expenses
Bank charges
General expenses
Chapel expenses
Audit fees
Legal and professional
Printing, postage and
stationery
Analysed between
Charitable activities		 Support Governance
costs
costs
£
£
1,760,807
212,155
25,451
-
108,781
-
8,942
-
73,879
-
123,823
-
96,016
-
17,325
-
43,284
-
40,317
-
1,885
-
24,919
-
5,233
-
8,072
-
7,778
-
-
-
9,068
-
1,813
-
1,901
-
4,402
-
-
3,600
-
22,443
-
6,141
2,363,696
244,339
2,363,696
244,339		 2022Support costs Governance
2021
costs
£
£
£
£
1,972,962
1,486,725
239,586
1,726,311
25,451
28,978
-
28,978
108,781
89,320
-
89,320
8,942
5,765
-
5,765
73,879
70,176
-
70,176
123,823
145,194
-
145,194
96,016
76,935
-
76,935
17,325
16,500
-
16,500
43,284
-
-
-
40,317
33,019
-
33,019
1,885
790
-
790
24,919
20,381
-
20,381
5,233
4,947
-
4,947
8,072
8,624
-
8,624
7,778
5,960
-
5,960
-
324
-
324
9,068
4,393
-
4,393
1,813
1,917
-
1,917
1,901
8,805
-
8,805
4,402
2,132
-
2,132
3,600
-
3,540
3,540
22,443
-
17,611
17,611
6,141
-
5,722
5,722
2,608,035
2,010,885
266,459
2,277,344
2,608,035
2,010,885
266,459
2,277,344

8 Trustees

None of the Trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

ST. CHRISTOPHER'S HOME

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

9 Employees

The average monthly number of employees during the year was:

Direct Care & Support
Governance
Voluntary workers and Trustees
Total
Employment costs
Wages and salaries
Social security costs
Other pension costs		 2022
Number
81
8
14
103
2022
£
1,816,061
125,059
31,842
1,972,962		 2021
Number
80
8
14
102
2021
£
1,586,768
108,607
30,936
1,726,311

There were no employees whose annual remuneration was more than £60,000.

Remuneration of key management personnel

Key management are made up of the home manager, deputy manager, estates manager and finance manager. Remuneration of key management personnel is as follows.

Aggregate compensation
Gains and losses on investments
Unrestricted
funds
Restricted
funds
Total
Unrestricted
funds
2022
2022
2022
2021
Gains/(losses) arising on:
£
£
£
£
Revaluation of
investments
(137,719)
-
(137,719)
152,308
Sale of investments
(12,787)
(17,731)
(30,518)
29,365
(150,506)
(17,731)
(168,237)
181,673		 2022
2021
£
£
149,960
145,500
Restricted
funds
Total
2021
2021
£
£
-
152,308
18,215
47,580
18,215
199,888

10 Gains and losses on investments

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

11 Taxation

ST. CHRISTOPHER'S HOME

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

12
Tangible fixed assets
Freehold land
and buildings
Fixtures and
fittings
£
£
Cost
At 1 January 2022
1,876,861
475,937
Additions
284,500
-
Disposals
(282,500)
-
At 31 December 2022
1,878,861
475,937
Depreciation and impairment
At 1 January 2022
-
355,948
Depreciation charged in the year
-
24,142
At 31 December 2022
-
380,090
Carrying amount
At 31 December 2022
1,878,861
95,847
At 31 December 2021
1,876,861
119,989		 Motor
vehicles
£
43,240
-
-
43,240
38,001
1,310
39,311
3,929
5,239		 Total
£
2,396,038
284,500
(282,500)
2,398,038
393,949
25,452
419,401
1,978,637
2,002,089

Depreciation on freehold property is not charged within the accounts as the ongoing maintenance costs that are required to maintain the high standard of repair mean that the property does not actually depreciate in value. This is assessed each year by the Trustees.

Freehold – historical cost
13
Fixed asset investments		 2022
£
1,878,861		 2021
£
1,876,861
Listed
investments
£
Cost or valuation
At 1 January 2022 1,423,862
Additions 178,636
Valuation changes (91,683)
Disposals (200,677)
At 31 December 2022 1,310,138
Carrying amount
At 31 December 2022 1,310,138
At 31 December 2021 1,423,862

ST. CHRISTOPHER'S HOME

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

14
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income
15
Current asset investments
Sinking Fund Investment		 2022
£
164,671
150
16,128
180,949
2022
£
533,826		 2021
£
163,023
550
25,822
189,395
2021
£
560,640

Analysis of Sinking Fund Investment within respective areas of the Charity

St Christopher’s Home
St Martins Court
Other Properties		 2022
£
2021
£
387,307
405,686
61,614
86,862
84,905
68,092
533,826
560,640

16 Creditors: amounts falling due within one year

Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income		 2022
2021
£
£
24,043
46,780
41,811
37,396
72,262
60,776
215,265
120,536
353,381
265,488

17 Retirement benefit schemes

Defined contribution schemes

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

The charge to profit or loss in respect of defined contribution schemes was £31,842 (2021 - £30,936).

ST. CHRISTOPHER'S HOME

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

18 Movement in funds

The Sinking Funds provides for the cost of future work in relation to dilapidations in the properties. The Sinking Fund is split between St Martins Court and Other Properties (see note 15).

Sinking fund – St Martins Court
Sinking fund – Other Properties
Total restricted funds
Sinking fund – St Martins Court
Sinking fund – Other Properties
Total restricted funds		 At 1
January
2022
£
86,862
68,092

154,954
At 1
January
2021
£
72,127
55,930

128,057		 Incoming
resources
£
4,745
4,551
9,296
Incoming
resources
£
4,434
4,248
8,682		 Gains
and
losses
£
(9,993)
(7,738)

(17,731)
Gains
and
losses
£
10,301
7,914

18,215		 Transfer
between
funds
£
(20,000)
20,000
-
Transfer
between
funds
£
-
-
-		 At 31
December
2022
£
61,614
84,905
146,519
At 31
December
2021
£
86,862
68,092
154,954

The General Fund holds the reserves which provides the funding for all other activities which St Christopher’s Home undertakes. The Sinking Fund provides for the cost of future work in relation to dilapidations in the properties. The Sinking Fund is designated solely to St Christopher’s Home (see note 15).

Designated funds – Sinking
fund main home
General funds
Total unrestricted funds
Designated funds – Sinking
fund main home
General funds
Total unrestricted funds		 At 1
January
2022
£
405,687
4,031,660

4,437,347
At 1
January
2021
£
332,854
3,976,274

4,309,128		 Incoming
resources
£
27,660
2,426,094
2,453,754
Incoming
resources
£
25,793
2,198,097
2,223,890		 Expenditure
£
-
(2,608,035)

(2,608,035)
Expenditure
£
-
(2,277,344)
(2,277,344)		 Gains
and
losses
£
(46,040)
(104,466)

(150,506)
Gains
and
losses
£
47,040
134,633

181,673		 Transfer
between
funds
£
-
-

-
Transfer
between
funds
£
-
-

-		 At 31
December
2022
£
387,307
3,745,253
4,132,560
At 31
December
2021
£
405,687
4,031,660
4,437,347

ST. CHRISTOPHER'S HOME

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

20 Analysis of net assets between funds

Fund balances at 31 December 2022 are represented by:
Unrestricted
Restricted
funds
funds
2022
2022
£
£
Tangible assets
1,978,637
-
Investments
1,310,138
-
Current assets/(liabilities)
843,785
146,519
4,132,560
146,519
Fund balances at 31 December 2021 are represented by:
Unrestricted
Restricted
funds
funds
2021
2021
£
£
Tangible assets
2,002,089
-
Investments
1,423,862
-
Current assets/(liabilities)
1,011,396
154,954
4,437,347
154,954		 Total
2022
£
1,978,637
1,310,138
990,304
4,279,079
Total
2021
£
2,002,089
1,423,862
1,166,350
4,592,301

21 Related party transactions

There were no disclosable related party transactions during the year (2021 - none).

22 Analysis of changes in net funds

The charity had no material debt during the year.

ST. CHRISTOPHER'S HOME

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

23
Cash generated from operations
(Deficit)/surplus for the year

Adjustments for:
Investment income recognised in statement of financial activities
Loss/(gain) on disposal of investments
Fair value gains and losses on investments
Depreciation and impairment of tangible fixed assets
Movements in working capital:
Decrease/(increase) in debtors
Increase/(decrease) in creditors
Cash absorbed by operations

Restricted funds fair value (gains)/losses
Per cash flow statement page		 2022
£
(313,222)
(73,749)
12,787
137,719

25,451
8,446
87,893
(114,675)
17,731
(96,944)
 2021
£
155,116
(63,832)
(29,365)
(152,308)
28,978
(7,810)
(13,600)
(82,821)
(18,215)
(101,036)