|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|
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|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)|
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12 September 2024 John Handley
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13 September 2024
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|||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|
##
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|♦|**Freeholdbuildings**|**4%oncost**|
|---|---|---|
|♦|**WaterTank**|**10%oncost**|
|♦|**Hospitalandcateringequipment**|**20%oncost**|
|♦|**Officefurnitureandequipment**|**20%oncost**|
|♦|**Computerequipment**|**20%oncost**|
|♦|**Transport**|**20%oncost**|
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|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|
##
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|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|
##
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