2024-03-31-accounts

Reports
Referenceandadministrativedetails	1
ReportoftheBoardofTrustees	3
Independentauditor'sreport	20
Financialstatements
Statementoffinancialactivities	24
Balancesheet	25
Statementofcashflows	26
Principalaccountingpolicies	27
Notestothefinancialstatements	31

HonoraryPresident	Professor,TheLordMcCollofDulwich
Chair	JohnHandley(appointedFebruary2024)
	KaySonnebornBA(retiredFebruary2024)
DeputyChair	DavidGreenMA(Cantab)(retiredNovember2023)
BoardofTrustees	KennethDunnMA,DipMS
	AlisonHughesRN,MHSM
	JamesMillTD,CA(retiredNovember2023)
	DerekPrentice
	RebeccaSycamore(resignedNovember2023)
	JaneFisher
	TomWalker
	AndreaHaug
	TarasFellah
	FazeelaChharawala(appointedSeptember2023)
	Mr.KaranKapoor(appointedSeptember2023
Chief ExecutiveOfficertotheBoard	PaulPerkin
DirectorofCare	VictoriaFields—(resignedDecember2023)
	MerrileeBriggs(joinedMarch2024
DirectorofFinanceandResources	NatashaCharles-Lewis,ACMA
Address	CrownLane
	Streatham
	London
	SW163JB
Website	www.britishhome. org.uk
Charityregistrationnumber	206222
Auditor	BuzzacottLLP
	130WoodStreet
	London
	EC2V6DL

below:
	2024	2023
Fees	6,522,633	5,482,299
Less:Expenditure	(8,866,890)	(7,982,822)
Operatingdeficit	(2,344,257)	(2,500,523)
Donations	75,995	72,785
Investmentincome	345,364	359,415
OtherIncome	81,526	14,828
Deficitbeforelegacies	(1,841,372)	(2,053,495)
Legacies	598,250	212,621
Pensionschemebuyout	(469,000)	—
Netexpenditurefortheperiodbeforeinvestmentgainsandlosses	(1,712,122)	(1,840,874)

12 September 2024 John Handley

13 September 2024

		Un-			2024	2023
		restricted	Restricted	Endowment	Total	Total
		funds	funds	funds	funds	funds
	Notes	£	£	£	£	£
Incomefrom:
Donationsandlegacies	1	669,132	5,113	—	674,245	285,406
Investmentincome	2	345,364	—	—	345,364	359,415
Charitableactivities	3	6,522,633	—	—	6,522,633	5,482,299
Otherincome	4	81,526	—	—	81,526	14,828
Totalincome		7,618,655	5,113	—	7,623,768	6,141,948
Expenditureon:
Raisingfunds	5	133,793	—	—	133,793	147,377
Charitableactivities	6	8,727,984	5,113	—	8,733,097	7,835,445
Pensionschemebuyout	20	469,000	-	-	469,000	—
Totalexpenditure		9,330,777	5,113	-	9,335,890	7,982,822
Net(expenditure)fortheyear
beforeinvestmentgains
(losses)		(1,712,122)	—	—	(1,712,122)	(1,840,874)
Gains(losses)on
investments	12	630,598	-	-	630,598	(600,455)
Net(expenditure)andnet
movementinfunds		(1,081,524)	-	-	(1,081,524)	(2,441,329)
Fundbalancesbrought
forwardat1April2023		11,758,191	3,000	12,477	11,773,668	14,214,997
Fundbalancescarried
forwardat31March2024		10,676,667	3,000	12,477	10,692,144	11,773,668

12 September 2024

John Handley

		2024	2023
	Notes	£	£
Cashoutflowfromoperatingactivities:
Netcashusedinoperatingactivities	A	(2,263,604)	(1,935,261)
Cashinflowfrominvestingactivities
Dividendsandinterestfrominvestments		345,364	359,415
Purchaseofinvestments		(20,000)	-
Saleofinvestments		1,469,917	1,500,000
Purchaseoffixedassets		(199,651)	(200,595)
Netcashprovidedbyinvestingactivities		1,595,630	1,658,820
Changeincashandcashequivalentsintheyear		(667,974)	(276,441)
Cashandcashequivalentsat1April2023	B	1,629,992	1,906,433
Cashandcasheauivalentsat31March2024	B	962,018	1,629,992

	2024	2023
Netmovementinfunds(asperthestatementoffinancialactivities)	(1,081,523)	(2,441,329)
Adjustmentsfor:
Depreciationcharge	170,727	136,745
(Gains)lossesoninvestments	(630,597)	600,455
Dividendsandinterestfrominvestments	(345,364)	(359,415)
Decrease/(Increase)indebtors	(759,966)	7,312
Increase/(Decrease)increditors	383,120	120,971
Netcashusedinoperatingactivities	(2,263,604)	(1,935,261)

Analysisofcashandcashequivalents
	2024	2023
Cashatbankandinhand	412,853	567,203
Cashheldbyinvestmentmanagers	549,165	1,062,789
Totalcashandcashequivalents	962,018	1,629,992

♦	Freeholdbuildings	4%oncost
♦	WaterTank	10%oncost
♦	Hospitalandcateringequipment	20%oncost
♦	Officefurnitureandequipment	20%oncost
♦	Computerequipment	20%oncost
♦	Transport	20%oncost

Donationsandlegacies
	Unrestricted	Restricted	2024
Donationsinclusiveofreclaimedtax	70,882	5,113	75,995
Legacies	598,250	-	598,250
Total2024	669,132	5,113	674,245
	Unrestricted	Restricted	2023
Donationsinclusiveofreclaimedtax	69,785	3,000	72,785
Legacies	212,621	-	212,621
Total2023	282,406	3,000	285,406

Investmentincome
	Unrestricted	funds
	2024	2023
Sarasin—CIFALPHAfundunits	178,598	183,710
COIF—Investmentfundincomeunits	161,296	174,259
	319,894	357,969
Interestreceivable	5,470	1,446
Total	345,364	359,415

OtherIncome
	Unrestricted	funds
	2024	2023
Other	-	1,828
COVID-19SustainabilityPayment	28,468	-
Digitisingsocialcarefund(DSCF)	53,058	13,000
	81,526	14,828

Expenditureonraisingfunds
	Unrestricted	funds
	2024	2023
Othercosts(includingstaffcosts)
Directcosts	71,831	96,813
Supportcosts	61,962	50,564
	133,793	147,377

Expenditureoncharitableactivities
	Unrestricted	Restricted	2024
Medicalandnursingservices
Directcosts	5,588,883	—	5,588,883
Supportcosts	3,139,101	5,113	3,144,214
	8,727,984	5,113	8,733,097
	Unrestricted	Restricted	2023
Medicalandnursingservices
Directcosts	5,101,598	-	5,101,598
Supportcosts	2,733,847	—	2,733,847
	7,835,445	—	7,835,445

Analysisofsupportcosts
	Raising	Charitable
	funds	activities	2024
Staffcosts	23,418	924,526	947,944
Administration	13,906	396,330	410,236
Housekeeping—fuel&rates	3,249	267,527	270,776
Housekeeping—other	13,660	929,441	943,101
Depreciation	1,188	169,538	170,726
Repairs&maintenance	2,262	191,358	193,620
Insurance	1,239	102,027	103,266
Othercosts	1,973	75,615	77,588
Governancecosts	1,067	87,852	88,919
Totalsupportcosts	61,962	3,144,214	3,206,176
	Raising	Charitable
	funds	activities	2023
Staffcosts	22,645	860,212	882,857
Administration	7,482	225,454	232,936
Housekeeping—fuel&rates	2,725	224,361	227,086
Housekeeping—other	13,059	851,381	864,440
Depreciation	881	135,865	136,746
Repairs&maintenance	—	196,495	196,495
Insurance	1,172	96,462	97,634
Othercosts	1,563	58,234	59,797
Governancecosts	1,037	85,383	86,420
Totalsupportcosts	50,564	2,733,847	2,784,411

Staffcosts
	2024	2023
Wagesandsalaries	4,399,971	3,587,988
Socialsecuritycosts	444,831	378,402
Pensioncosts	200,108	204,930
Redundancycosts	33,784	8,609
	5,078,694	4,179,929

	2024	2023
	Number	Number
£60,001-£70,000	4	2
£70,001-£80,000	1	-
£80,001-£90,000	1	1
£90,001-£100,000	-	-
£100,001-£110,000	-	1
£110,001-£120,000	-	-
£120,001-£130,000	1	—

Theaveragenumberofemployeesan	alysedbyfunction	was:
		Head		Head
	FTE*	Count	FTE*	Count
*FulltimeEquivalent	2024	2024	2023	2023
Nursingandcare	107	113	84	127
Maintenance	4	4	3	5
Receptionandportering	4	6	4	4
Managementandadministration	10	13	10	13
	125	136	101	149

Tangiblefixedassets
	Freehold	Hospital	Computer
	building	equipment	equipment	Transport	Total
Cost
At1April2023	3,779,099	217,280	189,810	15,980	4,202,169
Additions	139,217	10,712	49,721	—	199,650
At31March2024	3,918,316	227,992	239,531	15,980	4,401,819
Depreciation
At1April2023	3,349,605	109,824	96,452	12,784	3,568,665
Chargefortheyear	99,017	39,434	29,080	3,196	170,727
At31March2024	3,448,622	149,258	125,532	15,980	3,739,392
Netbookvalues
At31March2024	469,694	78,734	113,999	—	662,427
At31March2023	429,494	107,456	93,358	3,196	633,504

	Investment	Listed
	property	investments	2024
Marketvalueat1April2023	350,000	10,650,916	11,000,916
Additionsatcost	—	20,000	20,000
Disposalsatopeningbookvalue	—	(1,469,917)	(1,469,917)
Revaluation	(150,000)	-	(150,000)
Netgains	-	780,598	780,598
Marketvalueat31March2024	200,000	9,981,597	10,181,597
Cashheldbyinvestmentadvisorsforre-investment	—	549,165	549,165
Totalinvestments	200,000	10,530,762	10,730,762
Historicalcostofinvestmentsat31March2024	—	8,136,799	8,136,799
	Investment	Listed
	property	investments	2023
Marketvalueat1April2022	350,000	12,751,371	13,101,371
Disposalsatopeningbookvalue	—	(1,500,000)	(1,500,000)
Netgains	—	(600,455)	(600,455)
Marketvalueat31March2023	350,000	10,650,916	11,000,916
Cashheldbyinvestmentadvisorsforre-investment	—	1,062,789	1,062,789
Totalinvestments	350,000	11,713,705	12,063,705
Historicalcostofinvestmentsat31March2023	—	8,810,854	8,810,854

Debtors
	2024	2023
Feedebtors	676,688	442,872
Prepaymentsandaccruedincome	647,007	120,857
	1,323,695	563,729

Creditors:amountsfallingduewithinoneyear
	2024	2023
Tradecreditors	240,150	126,351
Amountsheldonbehalfofresidents	62,983	56,245
Accrualsanddeferredincome	306,836	568,181
Socialsecurityandothertaxation	232,868	204,295
Othercreditors	347,756	321,401
Liabilityonwithdrawalfrompensionscheme	1,247,000	778,000
	2,437,593	2,054,473

beanalysedasfollows:
	2024	2023
Deferredincomebroughtforward	113,944	162,844
Deferredintheyear	113,548	113,944
Releasedintheyear	(113,944)	(162,844)
Deferredincomecarriedforward	113,548	113,944

At31March2024,theCharityhadthefollowi plantandmachineryasfollows:	ngtotalcommitmentsunderoperating	leases on
	2024	2023
Amountspayable:	£	£
Withinoneyear	6,241	4,281
Intwotofiveyears	12,481	—
	18,722	4,281

Endowmentfund
	2024	2023
TheD.O.BealeTrust	12,477	12,477

asideoutofunrestrictedfundsbythe	BoardofTruste	esforspecif	icpurposes:
	At1	Released/		At31
	April	added	New	March
	2023	inyear	designations	2024
Tangiblefixedassetsfund	633,504	(170,727)	199,651	662,428
ContinuityofCarefund	5,900,000	—	—	5,900,000
MajorandCyclicalMaintenancefund	2,000,000	(78,855)	78,855	2,000,000
	8,533,504	(249,582)	278,506	8,562,428
	At1	Released/		At31
	April	added	New	March
	2022	inyear	designations	2023
Tangiblefixedassetsfund	569,654	(136,746)	200,596	633,504
ContinuityofCarefund	5,900,000	—	—	5,900,000
MajorandCyclicalMaintenancefund	2,000,000	(18,847)	18,847	2,000,000
	8,469,654	(155,593)	219,443	8,533,504

Analysisofnetassetsbetwe	enfunds
	Restricted	Endowment	Designated	General	Total
	fund	fund	funds	fund	2024
Fundbalancesat1March2024
arerepresentedby:
Tangiblefixedassets	—	—	662,427	—	662,427
Investments	—	12,477	7,900,001	2,818,284	10,730,762
Currentassets	3,000	—	—	1,733,548	1,736,548
Creditors:amountsfalling
duewithinoneyear	—	—	—	(2,437,593)	(2,437,593)
Totalnetassets	3,000	12,477	8,562,428	2,114,239	10,692,144

	Restricted	Endowment	Designated	General	Total
	fund	fund	funds	fund	2023
Fundbalancesat1March2023
arerepresentedby:
Tangiblefixedassets	—	—	633,504	—	633,504
Investments	—	12,477	7,900,000	4,151,228	12,063,705
Currentassets	3,000			1,127,932	1,130,932
Creditors:amountsfalling
duewithinoneyear	—	—	—	(2,054,473)	(2,054,473)
Totalnetassets	3,000	12,477	8,533,504	3,224,687	11,773,668