Charity registration number 205867 THE EMILIE GALLOWAY HOME OF REST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
THE EMILIE GALLOWAY HOME OF REST LEGALAND ADMINISTRATIVE INFORMATION Trustees Mrs E M Broome Mr M V Walker Mrs S Hopkins Mrs E Pilley Mr5 Wise Mr C Hamill (Appointed 10 January 2025) Charity number 205867 Prlnclpal address Tweed 8-10 Silverdale Road Eastbourne East Sussex BN20 7AL Independent examlner Nathan Coker FCCA Price & Company 30-32 Gildredge Road Eastbourne East Sussex BN214SH Bankers Natwest 96 Terminus Road Eastbourne East Sussex 8N213AA Investment advlsors Charles Stanley & Co Ltd 100 South Street Eastbourne East Sussex BN214QJ
THE EMILIE GALLOWAY HOME OF REST CONTENTS Page Trustees, report Statement of trustees, responsibilities Independent examiner's report Statement of financial activities Balance sheet Statement of cash flows 10 Notes to the financial statements 11-24
THE EMILIE GALLOWAY HOME OF REST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their annual report and financial statements for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies set out in note I 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 charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 102) (effective l January 20191. Objectives and actlvities The Home, a registered charity number 205867 was established by a charitable trust in 1930 to provide resldential and holiday home for the elderly. The charity moved its premises to Eastbourne in 1950 and enjoys a high reputation in the 3re3; word of mouth and personal recommendations have been such that advertising has not been necessary for some years. The charity's fundamental Aim is to provide a comfortable and pleasant resldentlal home for the elderly and one of Its supportin8 objectives is ensuring that fees remain in the lower 50%-tile of an equivalent private care home in the area whilst the average wage of employees, remains in the upper 50Yo-tile. As such it clearly demonstrates conformity with the Charity Commission Guidance on Public Benefit. Achlevements and performance The home remains a warm and welcoming environment for residents and visitors alike. The Trustees have continued their monthly meetings with the newly appointed chair throughout the year. One new Trustees wa5 appointed. We always endeavoured to keep the building well maintained and the following were completed thls financial year. Roofing repairs Replacement stonework on the front two bays of the building New signage Various white 8ood repairs General maintenance around the building The Activitie5 Co-ordinator appointed in the last financial year has proved invaluable and is involving the residents in a variety of activities. These are well attended and well received. New residents have come to the Home during this year to fill vacancies which have sadly occurred. They have settled well, and Tweed retains its comfortable family ethos. The website has been updated to match the new signage at the front of the home, ensure Trustee details are up to date and give consistency to our brand. The home environmental policy has been refined and every effort is being made to be as eco-friendly as possible. The value of the investments held by the charity has been maintained. The income yield from those investments was 3.9%12024.. 3.1%). Drawing on the Charity reserves were required to cover the larger projects in 2024 including new fire alarm System and boiler. Unfortunately fund5 this year have not yet allowed for these reserve5 to be replenished. Financial review During the year, the charity made a deficit of £63,751 compared to a deficit of £5,671 in the previous year.
THE EMILIE GALLOWAY HOME OF REST TRUSTEES, REpoKf (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Reserves Policy In order to ensure that the charity could recover from a catastrophic incident such as fire or flood, it is the policy of the charity to maintain business interruption insurance cover over an indemnity period of 24 months. It is also the policy of the charity that reserves should be maintained at a level sufficient not only to ensure that it will be able to continue the charity's current activities in the event of a significant drop in funding, but that in the event of a catastrophe the redundancy cost5 of all but a minimum of key staff could be met, the cost of which would be circa £lOO,000. The charity's reserves are represented by Net Current Liabilities of £11,001. However, the Fixed Asset Investments will be realised if funds are required to support the Charity's activity of operating a rest home. Fixed Asset Investment on 31 March 2025 had a market value of £305,537. The trustees have decided to designate the fixed assets and investments as these are requlred for long term operations and income generation. This leaves unrestricted reserves at l£ll,001112024'. £28,763) and the trustees will work on buildin8 this up to the £IOO,000 needed, in order to prevent the investments having to be realised. Investment Pollcy It is the policy of the Charity to maintain the value of its reserves in real terms and to maximise income from them without taking any undue risk. Fixed asset investments decreased by £16,871, this is attributed mainly to share disposals of £114,928 and a positive share revaluation of £7,279, 3 2.4Yo rise. The Trustee5 remain in close and regular consultation wlth their financial advisor and continue to invest Wlsely and safely. Risk Factors The objective of the charity's Rlsk Policy is to provide guidance on managing organisational risk to support the achievements of strategic objectives, the protection of beneficiaries, staff and business assets and to ensure the continuation of business operations and financial sustainability. The policy, In line with Charity Commission Guidance CC26, provides a framework to: Define risk governance Identify pri ncipal risks Assess their potential impact and Ilkelihood Develop mitigating strategies and actions Monitor and review risk activities Communicate and report risks
THE EMILIE GALLOWAY HOME OF REST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Plans for future periods The Trustees intend to continue, in accordance with the provisions of the Emillie Galloway Trust as set out in her Will, to provide a residential and respite home for the elderly. With an aging population and in a region popular with retired people, there is still a need for places in care homes. However, with ever increasing competition from new homes being built in the area and with the knowledge that we are moving in to difficult year with the cost of living and Employer's Nl increasing. These factors are anticipated to have an impact on the finances. With this in mind and in order to maintain the good reputation within the community and full occupancy it is planned: To continue to provide a safe and comfortable home where residents can relax wlthin the individual personal space of their rooms and the friendly and attractive communal spaces. To continue to develop and retain a friendly, efficient and highly trained workforce. To continue to monitor the building and make any necessary repairs. To continue to encourage residents to maintain their involvement with the community. To continue to look and appoint new Trustees to bring new thinking and ideas and to ensure the homes stability for the future. To advertise the home in a local paper with online content. To raise the profile within our town and further afield. To hold open events to welcome people in to see what we have to offer and again build up our presence within the community. We believe our unique selling point is that our home is very much a home from home with a family feel and we pride ourselves on this, Structure, governance and manaEernent The Home was established by the Will of the late Ella Galloway who dled in 1930, and registered with the Charlty Commission on 23 September 1962 under registration number 205867. The legal and administrative information page gives details of the Charity's principal address, bankers and principal adviser5. The trustees who served during the year and up to the date of signature of the financial statements were: Mrs E M 8roome Mr M Vwalker Mrs S Hopkins Mrs E Pilley Mr S Wise Mr C Hamill (Appointed 10 January 20251 The Home is administered by the Trustees who are appointed as required and who meet monthly to review the Home'5 activities and results, to discuss new projects and to generally support the work of the staff and well a5 meeting the residents and to make policy decisions.
THE EMILIE GALLOWAY HOME OF REST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Purposes and alms The Emilie Galloway Home of Rest 15 managed by a board of trustees. The Trustees are all unpaid retired professionals, including retired solicitors. Our charity's purpose is providing care and support for service users who are elderly165+ years). Lon8 term accommodation and support. Convalescence and Respite care. The aim is- To meet the emotional, social and physical needs of the servlce users in a secure, relaxed and homely atmosphere within a residential setting. To treat Residents as individuals, using a person-centred approach, and to achieve a holistic plan of care. To provide a high standard of care and service, which is flexible and monitored on an ongoing basi5. To maintain and, whenever possible, Improve the facilities of the Home to the highest standard with particular reference to the furnishin85, decoratlon and garden. At all tlmes to provide adequate warmth and a well-balanced diet, offering choice at mealtimes and adapting to the personal preferences of residents. To encourage residents to maintain contact wlth relatives and friends both electron ically and personally by frequent visits to the Home. To encourage residents to maintain and develop interests outside the Home, enabling them to be as independent as possible and allowing them to make their own choices and decisions about how they live. To enable residents to enjoy the comfort of their own room, as far as possible with the benefit of their own furniture and possessions. To treat residents wlth respect and di8nity whilst encouraging good relation5 between residents and the Manager and staff. To provide the opportunity for residents to manage their own care, treatment and medication as far as is appropriate and possible. Encourage Service users, their families and representatives to participate in planning their care deliverv so that service users lead as full a nd fulfilled a life as possible. To comply with the regulations of The Health and Social Care Act 2008 (regulated activities) Regulations 2014, Care Act 2014, the Care Quality Commission Iregistrationl Regulation5 2009, Charity Law and requirements of Charity Commission. The trustees, report was approved by the Board of Trustees. Mrs E M Broome Trustee Date:
THE EMILIE GALLOWAY HOME OF REST srATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The trustees a responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and Unlted 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 preparlng these financlal staternents, the trustees are required to.. select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP; make judgements and estimates that are reasonable and prudent; state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. 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 IAccounts 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.
THE EMILIE GALLOWAY HOME OF REST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE EMILIE GALLOWAY HOME OF REST I report to the trustees on my examination of the financial statements of The Emilie Galloway Home of Rest (the charity) for the year ended 31 March 2025. Responsibilltles and basls of report As the trustees of the charity you are responsible for the preparatlon of the flnancial statements In accordance with the requirements of the Charitie5 Act 2011. I report in respect of my examination of the charity's financial Statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145{5)(b} of the 2011 Act. My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanation from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given a5 to whether the accounts present a 'true and fair view, and the report is limited to those matters set out In the next statement. Independent examlner's statement Since the charity's gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charitie5 Act 2011. 1 confirm that l am qualified to undertake the examination because l am a member of ACCA, which is one of the listed bodies. Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their fSnanclal statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) in preference to the Accountlng and Reportlng by Charities: Statement of Recommended Practice issued on l April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the charity as required by section 130 of the Charities Act 2011. the financial statements do not accord with those records; or the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in thi5 report in order to enable a proper understanding of the financial statements to be reached.
THE EMILIE GALLOWAY HOME OF REST INDEPENDENT EXAMINER'S REPORT (CONTINUED) TO THE TRUSTEES OF THE EMILIE GALLOWAY HOME OF REST Nathan Coker FCCA Price & Company 30-32 Gildredge Road Eastbourne East Sussex BN2145H Dated:
THE EMILIE GALLOWAY HOME OF REsr STATEMENT OF FINANCIAL ACTivrriES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Unrestricted funds funds general designated 2025 2025 Total Unrestrlcted Unrestrlcted funds funds general designated 2024 2024 Total 2025 2024 Notes Income from: Donations and legacies Charitable activities Investments 986 830,069 13,508 986 830,069 13,508 861 832,490 13,084 861 832,490 13,084 Total Income 844,563 844,563 846,435 846,435 endlture on: Charitable activities 903,770 10,907 914,677 850,838 12,767 863,605 Other 10 458 458 Total expendlture 904,228 10,907 915,135 850,838 12,767 863,605 Net gains/(lossesl on investments li 6,821 6,821 11,499 11,499 Net outgolng resources before transfer5 159,665) 14,0861 (63,751) {4,4031 11,2681 15,6711 Net outgolng resources before transfers 159,665) 14,0861 {63,7511 {4,4031 11,2681 {5,6711 Gross transfers between funds 19,901 (19,901) 122,4691 22,469 Net movement in funds 139,7641 {23,987) 163,7511 126,8721 21,201 15,671) Fund ba lances at l April 2024 28,763 427,790 456,553 55.635 406,589 462,224 Fund balances at 31 March 2025 {ii,ooi) 403,803 392,802 28,763 427,790 456,553 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continu ing activities.
THE EMILIE GALLOWAY HOME OF REST BALANCE SHEEr AS AT 31 MARCH 2025 2025 2024 Notes Fixed assets Tangible assets Investments 13 98,266 305,537 105,382 322,408 14 403,803 427,790 Current assets Stocks Debtors Cash at bank and in hand 15 1,691 8,393 48,405 2,896 10,352 53,303 16 58.489 66,551 Credltors: amounts falling due withln one year 17 (69,4901 {37,788) Net current Iliabilities)/assets {11,001) 28,763 Total assets less current Ilabilities 392,802 456,553 Income funds Unrestricted funds- designated General unrestricted funds 19 403,803 Iii,ooii 427,790 28,763 392,802 456,553 The financial statements were approved by the Trustees on Mrs E M Broome Trustee
THE EMILIE GALLOWAY HOME OF REST STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Cash flows from operatlng actlvltles Cash absorbed by operations 25 (37,8491 {26,126) Investlng actlvltles Purchase of tangible fixed assets Proceeds on dispos31 of investments Investment income received 14,2481 23,691 13,508 (31,766) 9,297 13,084 Net cash generated from/lu5ed In) investing activitles 32,951 19,385) Net cash used In financing activitles Net decrease In cash and cash equivalents 14,898) (35,5111 Cash and cash equivalents at beginning of year 53,303 88,814 Cash and cash equlvalents at end of year 48,405 53,303 -io-
THE EMILIE GALLOWAY HOME OF REST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcies Charity informatlon The Emilie Galloway Home of Rest is a charitable trust. 1.1 Accountlng convention The Financial statement5 have been prepared in accordance with the Charity's governing document, the Charities Act 2011 and Accounting and Reporting by Charitie5: Statement of Recommended Proactive applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191 The charity is a public Benefit Entity as defined by FRS 102. The financlal statements have departed from the Charitles (Accounts and Reports) Regulations 2008 only to the extent required to provide 3 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 Regulatlons 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 neaSt £. The accounts have been prepared under the historical cost convention, modified to include investments at fair value. The prlnclpa l accounting policies adopted are set out below. 1.2 Golng concern At the time of approvlng the flnanclal 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 use5 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. Income from charitable activities consists of receipts from residents which are recognised when receivable. li-
THE EMILIE GALLOWAY HOME OF REST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Continued) 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. 1.5 Expendlture Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it Is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is recognised in the perlod In which the costs are incurred, It includes attributable VAT witch cannot be recovered. 1.6 Tangible flxed a55etS Tangible fixed assets a re i nitially measured at cost and subsequently measured at cost or valuatlon, net of depreciation and any impairment losses. Depreclatlon is recognised so as to write off the cost or valuatlon of assets less their resldual values overtheir useful lives on the following bases: Freehold Property Imrovement to freehold property Fixtures, fittings & equipment 100 Years 20 years 10 Years and 5 Years 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 net incomellexpenditurel for the year. Assets below the value of £100 are not capitalised. 1.7 Flxed asset Investments Fixed asset i nvestments 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/lexpencliture) for the year. Transaction costs are expensed as incurred. 12-
THE EMILIE GALLOWAY HOME OF REST NOTES TO THE FINANCIAL sfATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Continued) 1.8 Impalrment of flxed 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 asset5 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 lif any). 1.9 Stocks Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell, 1.10 Cash and cash equlvalents Cash and cash equivalent5 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. 1.11 Financlal Instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charlty becomes party to the contractual provlslons of the Instrument. Financial assets and liabilitie5 a 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 amorti5ed. -13-
THE EMILIE GALLOWAY HOME OF REST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Contlnued) Basic financia I liabilitles Basic financial liabi Iltie5, Including credltors and bank loans are initia Ily 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 cla55ified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effectlve interest rate method. Trade creditors are obligation5 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 fi nanclal liabilities Financial liabilities are derecognised when the charitvs contractual obl igations expire or are discharged or cancelled. 1.12 Employee beneflts The cost of any unused holiday entitlement is recognised in the period in which the employee's servlces are received. Termination benefits are recognised immediately as an expense when the charlty Is demonstrablv committed to terminate the employment of an employee or to provide termination benefits. 1.13 Retirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. 14-
THE EMILIE GALLOWAY HOME OF REST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Critical accounting estimates and judgements In the application of the charity's accounting policies, the trustees are qUired 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. Crltlcal Judgements There are no judgements made by the Trustees (apart from those involving estimates) that have a significant effect on amounts recogni5ed in the financial statements. Key Sources of estlmatlon uncertalnty The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and lia bilities are as follows: Depreclatlon and resldual values The Trustees have reviewed the asset lives and associated residual values of freehold properties and have concluded that asset lives and residual values are appropriate. Income from donatlons and legacies Unrestricted Unrestricted funds funds 2025 2024 Donations and gifts 986 861 Income from charitable activities Unrestricted Unrestricted funds funds 2025 2024 Receipts from residents 830,069 832,490 -15-
THE EMILIE GALLOWAY HOME OF REST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from investments Unrestrlcted Unrestrirted funds funds 2025 2024 Other income Interest receiva ble 10,839 2,669 10,143 2,941 13,508 13,084 16-
THE EMILIE GALLOWAY HOME OF REST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expenditure on charitable activities Provislon of Provision of care care 2025 2024 Dlrect costs Staff cost5 Depreciation and impairment Agency costs Opening stock Closing stock Food Household requisites and cleaning Repalrs & renewals Li8ht & heat Telephone & IT expenses Sundry expenses Subscriptions and inspection fees Staff training Water rates Insurance Rates 731,629 10,907 5,287 2,896 {1,6911 37,060 12,592 37,635 33,560 2,864 8,258 3,952 1,506 2,452 9,021 2,014 667,307 12,767 2,924 2,379 (2,896) 38,140 10,355 50,054 40,189 3,018 4,010 3,919 1,656 2,644 10,060 1,923 899,942 848,449 Share of support and governance costs (see note 7) Governance 14,735 15,156 914,677 863,605 Analysis by fund Unrestricted funds- general Unrestricted funds- designated 903,770 10,907 850,838 12,767 914,677 863,605 17-
THE EMILIE GALLOWAY HOME OF REST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Support costs Support Governance costs costs 2025 Support Governance costs costs 2024 Accountancy and Independent examination Accountancy Legal and professional Advertising, printin8, stationery 8ank Charges Stockbroker charges 3,757 2,880 2,226 3,757 2,880 2,226 6,120 2,808 6,120 2,808 2,024 747 2,024 747 3,101 2,371 781 3,076 2,371 781 3,076 3,101 14,735 14,735 15,156 15,156 Analysed between Charitable activities 14,735 14,735 15,156 15,156 Governance costs includes payments to the independent examiners of £l,SOO {2024'. £1,500) for independent examination fees and £4,68012024: £7,008) for other services. Trustees None of the trustees {or any persons connected with them) received any remuneration or benefits from the charity during the year. During the year S Hopkins was reimbursed £145.90 for travel expenses 12024: £88.50). Trustees indemnity insurance of £869 {2024 - £880) was pald during the year. Employees The average monthly number of employees during the year was.. 2025 Number 2024 Number Home Staff Admin Staff 31 30 Total 33 32 18-
THE EMILIE GALLOWAY HOME OF REST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Employees (Continued) Employment costs 2025 2024 Wages and salaries Social security COStS Other pension costs 667,444 48,878 15,307 610,920 42,880 13,507 731,629 667,307 There were no employees whose annual remuneration was more than £60,000. Remuneration of key management personnel The remuneration of key management personnel was as follows: 2025 2024 Aggregate compensation 78,172 46,043 10 Other Unrestrlcted funds general 2025 Total 2024 Net loss on disposal of tangible fixed assets 458 458 19-
THE EMILIE GALLOWAY HOME OF REST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 11 Gains and losses on Investments Unrestricted Unrestricted funds funds designated deslgnated 2025 2024 Gains/llosses) arlsing on.. Revaluation of investments Sale of investments 7,279 (458) 11,354 145 6,821 11,499 12 Taxation The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. 13 Tangible fixed assets Freehold Imrovamant to Property freehold proporty Flxturn•, flttlngs & equlpmont Totsl Cost At l April 2024 Additions Disposals 21,452 295,575 133,661 4,248 12,149) 450,688 4,248 12,149) At 31 March 2025 21,452 295,575 135,760 452,787 Depreclation and Impalrment At l April 2024 Depreciation charged in the year Ellminated in respect of disposals 5,157 215 217,238 5,718 122,911 4,974 11,692) 345,306 10,907 {1,6921 At 31 March 2025 5,372 222,956 126,193 354,521 Carrying amount At 31 March 2025 16,080 72,619 9,567 98,266 At 31 March 2024 16,295 78,337 10,750 105,382 -20-
THE EMILIE GALLOWAY HOME OF REST NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 14 Flxed asset Investments Listed investments Cash In portfollo Total Cost or valuatlon At l April 2024 Additions Valuation changes Net cash movement Disposals 317,073 62,437 6,820 5,335 322,408 62,437 6,820 28,342 1114,4701 28,342 (114,4701 At 31 March 2025 271,860 33,677 305,537 Carrylng amount At 31 March 2025 271,860 33,677 305,537 At 31 March 2024 317,073 5,335 322,408 IS Stocks 2025 2024 Raw materials and consumables 1,691 2,896 16 Debtors 2025 2024 Amounts falllng due wlthin one year: Trade debtors Other debtors Prepayments and accrued income 614 389 7,390 2,336 8,016 8,393 10,352 -21-
THE EMILIE GALLOWAY HOME OF REST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 17 Creditors: amounts falling due withln one year 2025 2024 Other taxation and social security Other credltors Accruals and deferred income 10,934 42,288 16,268 9,958 9,039 18,791 69,490 37,788 18 Retlrement beneflt schemes 2025 2024 Defined contributlon schemes Charge to profit or loss in respect of defined contribution schemes 15,307 13,507 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. 19 Unrestricted funds - designated These are unrestrlcted funds which are material to the charity's activities. At l Aprll 2024 In¢omln8 resources Resources expended Transfers Gains and At 31 March losses 2025 427,790 (10,907} {19,9011 6,821 403,803 Previous year: At l April 2023 Incoming resources Resources expended Transfers Gains and At 31 March losses 2024 Fixed assets and investments fund 406,589 112,7671 22,469 11,499 427,790 406,589 112,767) 22,469 11,499 427.790 22-
THE EMILIE GALLOWAY HOME OF REST NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 19 Unrestrlcted funds - deslgnated (Contlnued) The Fixed asset and investments fund contains the value of the fixed asset5, which are required for operating activities, and the investments, which are required for income generation. The trustees have agreed to ring fence these monies to clearly show the element of reserves whlch is available for unrestricted use. 20 Restrlcted funds There is no restricted income received in the year. 21 Unrestrlcted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. At l April 2024 Incoming resources Resources expended Transfers At 31 March 2025 General unrestricted fund 28,763 844,563 1904,2281 19,901 {11,001} Prevlous year. At l April 2023 Incoming resources Resources expended Transfers At 31 March 2024 General unrestricted fund 55,635 846,435 1850,8381 (22,469) 28,763 22 Analysi5 of net assets between funds Unrestrlcted Unrestrlcted funds funds general designated 2025 2025 Total 2025 At 31 March 2025: Tangible assets Investments Current assets1(liabilitiesl 98,266 305,537 98,266 305,537 111,001) (ii,ooii {ii,ooi) 403,803 392,802 -23-
THE EMILIE GALLOWAY HOME OF REST NOTES TO THE FINANCIAL STATEMENT5 (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 22 Analysis of net assets between funds {Contlnued) Unrestrlrted Unrestrlcted funds funds general designated 2024 2024 Total 2024 At 31 March 2024: Tangible assets Investments Current assets/lliabi lities) 105,382 322,408 105,382 322,408 28,763 28,763 28,763 427,790 456,553 23 Related party transactlons There were no disclosable related party transactions during the year12024 - none). 24 Analysis of changes In net funds The charity had no material debt durin8 the year. 25 Cash generated from operations 2025 2024 Deficit for the year 163,751) 15,671) Adjustments for: Investment income recognised in statement of financial activities Loss on disposal of tangible fixed assets Loss/(gainl on disP05a l of investments Fair value gai ns and10sses on investments Depreciation and impairment of tangible fixed a55ets 113,508) 458 458 17,279) 10,907 (13,0841 {1451 (11,3541 12,767 Movements in working capital: Decrease/lincreasel in stocks Decrease/(increasel in debtors Increase/{decreasel in cred itors 1,205 1,959 31,702 {517) {556) 17,566) Cash absorbed by operations (37,849> 126,126) -24-