**REGISTERED CHARITY NUMBER: 214293**
**Report of the Trustees and**
**Audited Financial Statements**
**for the Year Ended 31 March 2025**
**for**
**St Andrew's House**
**St Andrew's House**
## **Contents of the Financial Statements for the Year Ended 31 March 2025**
|||**Page**||
|---|---|---|---|
|**Reference and Administrative Details**||1||
|**Report of the Trustees**|2|to|5|
|**Report of the Independent Auditors**|6|to|9|
|**Statement of Financial Activities**||10||
|**Balance Sheet**||11||
|**Cash Flow Statement**||12||
|**Notes to the Cash Flow Statement**||13||
|**Notes to the Financial Statements**|14|to|24|
|**Detailed Statement of Financial Activities**|25|to|26|
**St Andrew's House**
**Reference and Administrative Details for the Year Ended 31 March 2025**
|**TRUSTEES**|K L Holmes|
|---|---|
||R F Kemble (deceased 17.4.2025)|
||J V Wilkins (resigned 31.8.2024)|
||D W Mills|
||S Calder|
||J Mann|
||J Baird|
||R Gadsby (appointed 26.3.2025)|
|**PRINCIPAL ADDRESS**|19 St Andrews Road|
||Earlsdon|
||Coventry|
||CV5 6FP|
|**REGISTERED CHARITY**|214293|
|**NUMBER**||
|**AUDITORS**|Leigh Christou Ltd|
||Chartered Certified Accountants and|
||Statutory Auditor|
||Leofric House|
||Binley Road|
||Coventry|
||CV3 1JN|
|**BANKERS**|Natwest Bank|
||Birmingham City Centre|
||1 St Philips Place|
||Birmingham|
||B3 2PP|
Page 1
**St Andrew's House**
## **Report of the Trustees for the Year Ended 31 March 2025**
The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of 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).
## **OBJECTIVES AND ACTIVITIES**
The overall objectives of the charity are:
- the provision of housing accommodation for beneficiaries, with a preference, but not a requirement, for beneficiaries
- who are members of or adherents to a non-conformist Christian Church; and
- such charitable purposes for the benefit of the residents as the Trustees decide; and
- the provision of extra-care accommodation and facilities for:
beneficiaries, with a preference for residents; and subject hereto other persons who are sick, convalescent, or infirm.
Further objectives are:
- to provide high quality residential care in a pleasant and friendly environment.
- to enable residents to have as much choice and independence as they are capable of.
- to constantly strive to improve services.
- to ensure the financial viability and efficiency of the Home, providing security for the residents and staff.
- to invest in staff, developing their skills so that the services can improve.
- to work closely with contractors and suppliers ensuring quality service at an efficient cost.
- to ensure the requirements of the Social Services and the Care Quality Commission are achieved.
St Andrew's aims to provide a caring, Christian environment which offers choice and independence, supporting our community of residents to live a constructive, positive, and fulfilling lifestyle.
Ongoing activities form a vital part of the residents' personal welfare, and the programme is coordinated by the Activities Organiser.
A weekly programme of activities includes group events, quizzes & entertainments. Individual programmes are also a feature and take into account personal requirements. Entertainment is also provided by local volunteer groups, Churches & other artists. Optional devotions are held, normally on Sundays & Wednesdays led, either by a minister, or by a team of volunteer leaders, many drawn from local Churches.
The charity regularly requests feedback and involvement of residents in decision making to ensure their concerns and opinions are taken into consideration. Such meetings are held normally every two months. In addition, we also hold meetings with resident Family members, alternating day / evening.
The public benefits of the charity are the provision of residential care home accommodation. The public benefits directly relate to the charity's key objectives.
In shaping the objectives for the year and planning for the charity's activities, the charity trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities.
Page 2
**St Andrew's House**
## **Report of the Trustees for the Year Ended 31 March 2025**
## **ACHIEVEMENTS AND PERFORMANCE**
The Charity was disappointed with the assessment from the Care Quality Commission (CQC) inspection in November 2023, however, are pleased that progress has been recognised in the March 2024 inspection. Much effort has been undertaken by the Charity to address the issues raised in the inspection and St Andrews has been supported by Coventry Social Services Commissioning Team.
Over the last twelve months, we have made significant improvements to the Home, assisted by a specialist Turnaround Manager. To reassure Trustees of this improvement, we have also commissioned an independent assessment, which rated the Home 'good'. We await a further CQC inspection.
We appointed Madeline Relf and Alexis Keenan as our permanent joint Care Managers on 1st May 2024. They continue with delivery of Quality Care to our growing family of residents. We thank them for their dedicated and professional services, along with the staff team.
Trustees express a thank you to the staff team, whose dedication in the face of the considerable challenges faced by the Charity has been exemplary. Through investing in an electronic Care Plan System, and generally evidencing the positive aspects of the care provided, the staff team have helped implement improvements as required by the CQC. It is gratifying to receive very good responses of residents in relation to their Care by kind and attentive staff. Regular meetings with residents take place, for which Trustees are involved whenever possible.
## **FINANCIAL REVIEW**
The year ending 31st March 2025 has remained challenging. The impact of the pandemic, compounded by restrictions on new admissions by the regulatory bodies in prior years has had lasting financial consequences. Now the restrictions on new admissions have lifted, resident numbers have steadily increased, and accordingly, we have made a small surplus this year. The Balance Sheet has now stabilised and at the year end, total funds amounted to £1,492,749 (2024: £1,469,227).
Like many providers operating in the Care Sector, St Andrew's House has continued to be challenged by external factors such as inflationary pressures.
Expenditure continues to be tightly controlled; however, staff costs and energy remain a significant expense. The costs of maintaining the Home to a high standard have also risen during the year. The trustees continue to invest in the property and the provision of electronic systems to meet the developing needs of the residents.
Within the financial year, the home has met its loan repayment facility to Nat West Bank plc, as part of the 18-year repayment period. The outstanding balance being circa £300,000.
It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained. The Trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Charity's current activities while consideration is given to ways in which additional funds may be raised. Included within unrestricted funds at the balance sheet date is £120,000 (2024: £120,000) designated by the trustees for this purpose.
Following the year-end, we have completed a comprehensive refurbishment of the lounge with the help and support of grants from other Charitable Trusts, for which we are most grateful. Included in total funds at the balance sheet date is £24,000 (2024: £Nil) restricted for this purpose.
In common with many other providers in the Care Sector, St Andrews could not survive only on the income received from Social Services and requires residents to meet the balance of fees, as determined by the Trustees. Everything possible is done to ensure that costs are contained as reasonable as possible, in order that the tariff can be set at a fair level and fee rates are reviewed annually.
The Trustees have assessed the major risks to which the Charity is exposed and are satisfied that the Action Plan and other systems in place mitigate exposure to the major risks.
The Trustees continue to review the strategy for other potential improvements to the Home.
Page 3
**St Andrew's House**
## **Report of the Trustees for the Year Ended 31 March 2025**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
St Andrews House is a registered Charity, established by a Deed of Trust dated 1 August 1950 (plus amendments dated 16 May 1984). A new Trust Deed, approved by the Charity Commission, was implemented at the AGM in September 2009.
The Charity has one residential care home, St Andrews House, Earlsdon, Coventry, CV5 6FP, which is registered with the Care Quality Commission to accommodate a maximum of 35 residents.
At the year end, the Home employed 49 (2024: 52) members of staff comprising the Home Managers, Bursar, Supervisors and care assistants, an activities organiser, kitchen staff, housekeeping/laundry staff and an administrator. Our staff group is of mixed ages, experience and ethnicity.
We are inspected by the CQC in conjunction with other supervisory bodies. Inspection reports are available from the CQC and are downloadable from that website.
Responsibility for the Charity rests with the Trustees, who delegate the responsibility for running the care home to the Joint Managers. Each nominating body, as set out in the Trust Scheme, can nominate up to 2 Trustees. In addition, the Trustees may appoint 7 co-opted Trustees. The nominated Trustees may serve for a maximum of 2 terms of 3 years before retiring for 1 year. The co-opted Trustees are appointed for terms of 3 years. At the end of March 2025, we had 7 trustees.
The Trustees meet monthly and have regular contact with the Home Managers and the Bursar to ensure the smooth running of the Charity.
During the year, Trustee David Mills was re-elected as 'Nominated Individual', for which we are most grateful.
New Trustees are given a copy of the Trust Deed, access to previous minutes, a copy of the Charity's latest Report and Financial Statement and they undergo induction training. Where necessary, due to the new Trustee's potential involvement, a Disclosure and Barring Service check is carried out before the Trusteeship commences.
The Trustees review the remuneration package annually and award increases based on the Home's financial performance and perceived cost of living adjustments and other factors, such as the Living Wage. This has worked well in so far as there is an open recruitment policy which ensures the starting package is competitive and coupled with the annual review ensures staff retainment is part of the review.
## **FUND RAISING STANDARDS INFORMATION**
The charity's fundraising is limited to holding events at the charity's home.
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Page 4
**St Andrew's House**
## **Report of the Trustees for the Year Ended 31 March 2025**
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued**
Charity law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
Under charity law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, 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;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011 and The Charity (Accounts and Reports) Regulations 2008. 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.
Approved by order of the board of trustees on 24 September 2025 and signed on its behalf by:
K L Holmes - Trustee
Page 5
## **Report of the Independent Auditors to the Trustees of St Andrew's House**
## **Opinion**
We have audited the financial statements of St Andrew's House (the 'charity') for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of 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:
- give a true and fair view of the state of the charity's affairs as at 31 March 2025 and of its incoming resources and application of resources, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Charities Act 2011.
## **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 Auditors' 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.
## **Key audit matters**
Key audit matters are those matters that, in the auditor's professional judgement, were of most significance in the audit of the financial statements of the current period and include the most significant assessed risks of material misstatement (whether or not due to fraud) identified by the auditors, including those which had the greatest effect on: the overall audit strategy; the allocation of resources in the audit; and directing the efforts of the engagement team.These matters, and any comments we make on the results of our procedures thereon, were addressed in the context of our audit of the financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters.
This is not a complete list of all risks identified by our audit
- Revenue recognition
- Recoverability of debtors
- Completeness of creditors
- Presentation of restricted funds
- Compliance with licencing requirements
Page 6
## **Report of the Independent Auditors to the Trustees of St Andrew's House**
## **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 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 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.
## **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 requires us to report to you if, in our opinion:
- the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or
- sufficient accounting records have not been kept; or
- the financial statements are not in agreement with the accounting records and returns; or
- we have not received all the information and explanations we require for our audit.
## **Responsibilities of trustees**
As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements which 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.
Page 7
**Report of the Independent Auditors to the Trustees of St Andrew's House**
## **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:
As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:
• Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control.
• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees.
• Conclude on the appropriateness of the trustees' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the company to cease to continue as a going concern.
• Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
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.
Page 8
## **Report of the Independent Auditors to the Trustees of St Andrew's House**
## **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.
Leigh Christou Ltd Chartered Certified Accountants and Statutory Auditor Leofric House Binley Road Coventry CV3 1JN
24 September 2025
Page 9
**St Andrew's House**
## **Statement of Financial Activities for the Year Ended 31 March 2025**
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
4
**Charitable activities**
7
Residents fees
Recharge expenses
Other trading activities
5
Investment income
6
**Total**
**EXPENDITURE ON**
**Charitable activities**
8
Charitable Expenditure
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
funds
£
**15,583**
**1,421,445**
**13,938**
**473**
**30,490**
**1,481,929**
**1,482,407**
**(478)**
**1,469,227**
**1,468,749**|Restricted
funds
£
**24,000**
**-**
**-**
**-**
**-**
**24,000**
**-**
**24,000**
**-**
**24,000**|**31.3.25**
**Total**
**funds**
**£**
**39,583**
**1,421,445**
**13,938**
**473**
**30,490**
**1,505,929**
**1,482,407**
**23,522**
**1,469,227**
**1,492,749**|31.3.24
Total
funds
£
8,711
1,284,898
16,064
-
26,148
1,335,821
1,564,596
(228,775)
1,698,002
1,469,227|
|---|---|---|---|---|
The notes form part of these financial statements
Page 10
## **St Andrew's House**
## **Balance Sheet 31 March 2025**
|Notes
**FIXED ASSETS**
Tangible assets
15
**CURRENT ASSETS**
Debtors
16
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
17
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**CREDITORS**
Amounts falling due after more than one year
18
**NET ASSETS**
**FUNDS**
21
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|**31.3.25**
**£**
**1,541,946**
**128,649**
**182,654**
**311,303**
**(99,482)**
**211,821**
**1,753,767**
**(261,018)**
**1,492,749**
**1,468,749**
**24,000**
**1,492,749**|31.3.24
£
1,608,630
129,957
150,122
280,079
(117,681)
162,398
1,771,028
(301,801)
1,469,227
1,469,227
-
1,469,227|
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 24 September 2025 and were signed on its behalf by:
K L Holmes - Trustee
The notes form part of these financial statements
Page 11
## **St Andrew's House**
## **Cash Flow Statement for the Year Ended 31 March 2025**
|Notes
**Cash flows from operating activities**
Cash generated from operations
1
Finance costs paid
Net cash provided by/(used in) operating activities
**Cash flows from investing activities**
Purchase of tangible fixed assets
Interest received
Net cash used in investing activities
**Cash flows from financing activities**
Loan repayments in year
Net cash used in financing activities
**Change in cash and cash equivalents in**
**the reporting period**
**Cash and cash equivalents at the**
**beginning of the reporting period**
**Cash and cash equivalents at the end of**
**the reporting period**|**31.3.25**
**£**
**113,571**
**(25,256)**
**88,315**
**(17,726)**
**2,726**
**(15,000)**
**(40,783)**
**(40,783)**
**32,532**
**150,122**
**182,654**|31.3.24
£
(95,456)
(28,658)
(124,114)
(11,405)
4,561
(6,844)
(38,010)
(38,010)
(168,968)
319,090
150,122|
|---|---|---|
The notes form part of these financial statements
Page 12
**St Andrew's House**
## **Notes to the Cash Flow Statement for the Year Ended 31 March 2025**
## **1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES**
|**Net income/(expenditure) for the reporting period (as per the**
**Statement of Financial Activities)**
**Adjustments for:**
Depreciation charges
Loss on disposal of fixed assets
Interest received
Finance costs
Decrease in debtors
(Decrease)/increase in creditors
**Net cash provided by/(used in) operations**|**31.3.25**
**£**
**23,522**
**77,889**
**6,521**
**(2,726)**
**25,256**
**1,308**
**(18,199)**
**113,571**|31.3.24
£
(228,775)
79,026
664
(4,561)
28,658
8,885
20,647
(95,456)|
|---|---|---|
## **2.**
## **ANALYSIS OF CHANGES IN NET DEBT**
||At 1.4.24|Cash flow|**At 31.3.25**|
|---|---|---|---|
||£|£|**£**|
|**Net cash**||||
|Cash at bank and in hand|**150,122**|**32,532**|**182,654**|
||**150,122**|**32,532**|**182,654**|
|**Debt**||||
|Debts falling due within 1 year|**(38,718)**|**-**|**(38,718)**|
|Debts falling due after 1 year|**(301,801)**|**40,783**|**(261,018)**|
||**(340,519)**|**40,783**|**(299,736)**|
|**Total**|**(190,397)**|**73,315**|**(117,082)**|
The notes form part of these financial statements
Page 13
**St Andrew's House**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
## **1. CHARITY INFORMATION**
St Andrew's House is a registered Charity, established by a Deed of Trust dated 1 August 1950. The current version of the Deed of Trust is dated 25 August 2009. The principal address of the Charity is St Andrew's House, 19 St Andrew's Road, Earlsdon, Coventry, CV5 6FP.
The nature of the Charity's principal activities is the care of elderly residents at its care home St Andrew's House.
## **2. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
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 £.
## **Income**
All income is recognised in the Statement of Financial Activities once 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.
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
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 is relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Non-cash donations are recognised where the amount is clearly identifiable.
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.
On receipt, Grant income is treated as deferred income and released to the Statement of Financial Activities as Grant conditions are met.
## **Expenditure**
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 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 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.
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:
Expenditure on charitable activities includes the cost associated with caring for the Home's residents and their associated support costs.
continued...
Page 14
**St Andrew's House**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2025**
## **2. ACCOUNTING POLICIES - continued**
## **Expenditure**
Other expenditure represents those items not falling into any other heading.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost Improvements to property - 20% on cost Fixtures and fittings - 10% on cost
Assets in the course of construction are not depreciated.
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 net income/(expenditure) for the year.
At each reporting date, the Charity reviews the carrying amounts of its tangible fixed 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).
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Designated funds comprise funds which have been set aside at the discretion of the Trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **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**
Page 15
continued...
**St Andrew's House**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2025**
## **2. ACCOUNTING POLICIES - continued**
## **Financial instruments**
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.
## **Pension costs and other post-retirement benefits**
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **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.
## **Going concern**
The financial statements have been prepared on a going concern basis, which assumes that the Charity will continue in operational existence for the foreseeable future being at least 12 months from the approval of the financial statements.
"Special measures" imposed on the home by the Care Quality Commission (CQC) following an "inadequate" rating on the 4th October 2022, has had a significant impact on the charity in recent years, with the home unable to apply for grant financing, or admit any new residents that were in any way supported by Social Services.
Following measures taken by the trustees including the appointment of a "turn-around" manager, the implementation of a new electronic care plan system and a series of remedial works on the home, the most recent on-site assessment in March 2024 found that the home was no longer in breach of the regulations, and the rating was therefore upgraded to a "requires improvement" rating with the "special measures" imposed being lifted.
At the year-end the Charity achieved a surplus of £23,522 (2024: £228,775 deficit), had net current assets of £211,821 (2024: £162,398) and cash balances of £182,654 (2024: £150,122) and has continued to achieve a modest operational surplus in the period after the reporting date. After reviewing the Charity's latest management information, forecasts of income and expenses to 31 March 2026 and making enquiries, the trustees have a reasonable expectation that the Charity has adequate resources to continue in operation for the foreseeable future, meeting it's liabilities as they fall due.
The trustees therefore continue to prepare the financial statements on a going concern basis.
Page 16
continued...
**St Andrew's House**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2025**
## **3. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY**
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.
## **4. DONATIONS AND LEGACIES**
|**DONATIONS AND LEGACIES**|||||||
|---|---|---|---|---|---|---|
||||||**31.3.25**|31.3.24|
||Unrestricted||Restricted||**Total**|Total|
||funds||funds||**funds**|funds|
||£||£||**£**|£|
|Donations|**15,583**|||**-**|**15,583**|7,655|
|Grants||**-**|**24,000**||**24,000**|1,056|
||**15,583**||**24,000**||**39,583**|8,711|
|Grants received, included in the above, are as follows:|||||||
||||||**31.3.25**|31.3.24|
||||||**£**|£|
|The 29th May 1961 Charitable Trust|||||**10,000**|-|
|Baron Davenport's Charity|||||**4,000**|-|
|General Charity (Coventry)|||||**10,000**|-|
|Other grants|||||**-**|1,056|
||||||**24,000**|1,056|
Other grants received in the prior year relates to a grant received from Coventry City Council in order to facilitate the purchase of five new electronic, handheld carer devices.
## **5. OTHER TRADING ACTIVITIES**
||||**31.3.25**|31.3.24|
|---|---|---|---|---|
||Unrestricted|Restricted|**Total**|Total|
||funds|funds|**funds**|funds|
||£|£|**£**|£|
|Fundraising events|**473**|**-**|**473**|-|
continued...
Page 17
**St Andrew's House**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2025**
## **6. INVESTMENT INCOME**
|Unrestricted
funds
£
Rents received
**27,764**
Deposit account interest
**2,726**
**30,490**
**7.**
**INCOME FROM CHARITABLE ACTIVITIES**
Residents
fees
£
Residential care provision
**1,421,445**
**8.**
**CHARITABLE ACTIVITIES COSTS**
Charitable Expenditure
**9.**
**DIRECT COSTS OF CHARITABLE ACTIVITIES**
Staff costs
Rates and water
Light and heat
Telephone
Postage and stationery
Advertising
Sundries
Laundry and cleaning
Refurbishment
Household and garden
Staff training
Computer software
Activity costs
Insurance
Food
Bad debts
Depreciation
Loss on sale of assets
Interest payable and similar charges|Restricted
funds
£
**-**
**-**
**-**
Recharge
expenses
£
**13,938**
Direct
Costs (see
note 9)
£
**1,444,423**|**31.3.25**
**Total**
**funds**
**£**
**27,764**
**2,726**
**30,490**
**31.3.25**
Total
activities
**£**
**1,435,383**
Support
costs (see
note 10)
£
**37,984**
**31.3.25**
**£**
**1,019,141**
**4,449**
**44,614**
**7,238**
**2,338**
**4,151**
**26,033**
**32,203**
**55,582**
**7,138**
**11,761**
**13,263**
**5,169**
**24,837**
**71,895**
**4,945**
**77,889**
**6,521**
**25,256**
**1,444,423**|31.3.24
Total
funds
£
21,587
4,561
26,148
31.3.24
Total
activities
£
**1,300,962**|
|---|---|---|---|
||||Totals
£
**1,482,407**|
||||31.3.24
£
971,493
5,299
37,807
5,429
4,629
1,952
29,728
28,213
98,370
10,514
5,324
13,829
5,062
22,806
74,965
17,201
79,026
664
28,658|
||||1,440,969|
continued...
Page 18
**St Andrew's House**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2025**
## **10. SUPPORT COSTS**
|Governance
Management
costs
£
£
Charitable Expenditure
**30,000**
**7,984**
Support costs, included in the above, are as follows:
**31.3.25**
Charitable
Expenditure
**£**
Subcontractors
**30,000**
Auditors' remuneration
**5,700**
Legal and professional
**2,284**
Consultancy fees
**-**
**37,984**
**11.**
**AUDITORS' REMUNERATION**
**31.3.25**
**£**
Fees payable to the charity's auditors for the audit of the charity's financial
statements
**5,700**|Totals
£
**37,984**
31.3.24
Total
activities
£
**49,586**
**5,100**
**49,665**
**19,276**|Totals
£
**37,984**|
|---|---|---|
||**123,627**||
||31.3.24
£
5,100||
## **12. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
## **13. STAFF COSTS**
|**STAFF COSTS**||||
|---|---|---|---|
|Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Administrative staff
Care staff|**31.3.25**
**£**
**973,187**
**58,804**
**17,150**
**1,049,141**
**31.3.25**
**3**
**46**
**49**|31.3.24
£
955,163
50,931
14,985||
|||1,021,079||
||||31.3.24
3
49
52|
No employees received emoluments in excess of £60,000.
continued...
Page 19
**St Andrew's House**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2025**
|**14.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
funds
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
4,955
**Charitable activities**
Residents fees
1,284,898
Recharge expenses
16,064
Investment income
26,148
**Total**
1,332,065
**EXPENDITURE ON**
**Charitable activities**
Charitable Expenditure
1,564,296
**NET INCOME/(EXPENDITURE)**
(232,231)
**Transfers between funds**
3,456
**Net movement in funds**
(228,775)
**RECONCILIATION OF FUNDS**
Total funds brought forward
1,698,002
**TOTAL FUNDS CARRIED FORWARD**
1,469,227
**15.**
**TANGIBLE FIXED ASSETS**
Improvements
Freehold
to
property
property
£
£
**COST**
At 1 April 2024
**2,720,063**
**17,207**
Additions
**-**
**-**
Disposals
**-**
**-**
At 31 March 2025
**2,720,063**
**17,207**
**DEPRECIATION**
At 1 April 2024
**1,233,266**
**12,981**
Charge for year
**54,401**
**3,440**
Eliminated on disposal
**-**
**-**
At 31 March 2025
**1,287,667**
**16,421**
**NET BOOK VALUE**
At 31 March 2025
**1,432,396**
**786**
At 31 March 2024
1,486,797
4,226||Restricted
funds
£
3,756
-
-
-
3,756
300
3,456
(3,456)
-
-
-
Fixtures
and
fittings
£
**361,514**
**17,726**
**(28,756)**
**350,484**
**243,907**
**20,048**
**(22,235)**
**241,720**
**108,764**
117,607||Total
funds
£
8,711
1,284,898
16,064
26,148
1,335,821
1,564,596
(228,775)
-
(228,775)
1,698,002
1,469,227
Totals
£
**3,098,784**
**17,726**
**(28,756)**
**3,087,754**
**1,490,154**
**77,889**
**(22,235)**
**1,545,808**
**1,541,946**
1,608,630|
|---|---|---|---|---|
||||||
||||||
||||||
||||||
||||||
continued...
Page 20
**St Andrew's House**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2025**
|**16.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**31.3.25**
**£**
Trade debtors
**112,164**
Prepayments and accrued income
**16,485**
**128,649**
**17.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**31.3.25**
**£**
Bank loans and overdrafts (see note 19)
**38,718**
Trade creditors
**18,213**
Social security and other taxes
**12,804**
Other creditors
**4,692**
Accruals and deferred income
**25,055**
**99,482**
**18.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
**31.3.25**
**£**
Bank loans (see note 19)
**261,018**
**19.**
**LOANS**
An analysis of the maturity of loans is given below:
**31.3.25**
**£**
Amounts falling due within one year on demand:
Bank loans
**38,718**
Amounts falling between one and two years:
Bank loans - 1-2 years
**38,718**
Amounts falling due between two and five years:
Bank loans - 2-5 years
**123,152**
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instal
**99,148**|31.3.24
£
107,182
22,775|
|---|---|
||129,957|
||31.3.24
£
38,718
27,127
11,252
4,438
36,146|
||117,681|
||31.3.24
£
301,801|
||31.3.24
£
38,718|
||38,718|
||123,152|
||139,931|
The long-term loans are secured by fixed charges over the property St Andrew's House, 19 St Andrew's Road, Coventry, CV5 6FP.
continued...
Page 21
**St Andrew's House**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2025**
## **20. ANALYSIS OF NET ASSETS BETWEEN FUNDS**
|Fixed assets
Current assets
Current liabilities
Long term liabilities
**21.**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
Designated funds
**Restricted funds**
Lounge Refurbishment
**TOTAL FUNDS**
Net movement in funds, included in the above are
**Unrestricted funds**
General fund
**Restricted funds**
Lounge Refurbishment
**TOTAL FUNDS**|Unrestricted
funds
£
**1,541,946**
**287,303**
**(99,482)**
**(261,018)**
**1,468,749**
as follows:|Restricted
funds
£
**-**
**24,000**
**-**
**-**
**24,000**
At 1.4.24
£
**1,349,227**
**120,000**
**1,469,227**
**-**
**1,469,227**
Incoming
resources
£
**1,481,929**
**24,000**
**1,505,929**|**31.3.25**
Total
funds
**£**
**1,541,946**
**311,303**
**(99,482)**
**(261,018)**
**1,492,749**
Net
movement
in funds
£
**(478)**
**-**
**(478)**
**24,000**
**23,522**
Resources
expended
£
**(1,482,407 )**
**-**
**(1,482,407 )**|31.3.24
Total
funds
£
1,608,630
280,079
(117,681)
(301,801)
1,469,227
At
31.3.25
£
**1,348,749**
**120,000**
**1,468,749**
**24,000**
**1,492,749**
Movement
in funds
£
**(478)**
**24,000**
**23,522**|
|---|---|---|---|---|
continued...
Page 22
**St Andrew's House**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2025**
## **21. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
Designated funds
**Restricted funds**
Purchase of Computer Equipment
Hot Trolly
**TOTAL FUNDS**|At 1.4.23
£
1,578,002
120,000
1,698,002
-
-
-
1,698,002|Net
movement
in funds
£
(232,231)
-
(232,231)
1,056
2,400
3,456
(228,775)|Transfers
between
funds
£
3,456
-
3,456
(1,056)
(2,400)
(3,456)
-|At
31.3.24
£
1,349,227
120,000|
|---|---|---|---|---|
|||||1,469,227
-
-|
|||||-|
|||||1,469,227|
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Purchase of Computer Equipment
Hot Trolly
Resident name tags
**TOTAL FUNDS**|Incoming
resources
£
1,332,065
1,056
2,400
300
3,756
1,335,821|Resources
expended
£
(1,564,296 )
-
-
(300)
(300)
(1,564,596 )|Movement
in funds
£
(232,231)
1,056
2,400
-
3,456
(228,775)|
|---|---|---|---|
## **Designated funds**
The income funds of the charity include a designated fund which has been set aside out of unrestricted funds by the trustees for specific purposes:
- Operating costs and overheads reserve Designated reserves of two months operating costs
## **Restricted funds**
The income funds of the charity include restricted funds comprising the following:
- The 29th May 1961 Charitable Trust
- £10,000 granted towards the cost of renovating and upgrading the resident's communal lounge.
- Baron Davenport's Charity
- £4,000 granted towards the cost of renovating and upgrading the resident's communal lounge.
- The General Charities of The City of Coventry
- £10,000 granted towards the cost of renovating and upgrading the resident's communal lounge.
continued...
Page 23
**St Andrew's House**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2025**
## **21. MOVEMENT IN FUNDS - continued**
The transfers made during the previous year relates to where incoming resources received relate to the acquisition of fixed assets. These amounts are transferred to unrestricted funds after the assets have been acquired, thus discharging the restriction.
## **22. RELATED PARTY DISCLOSURES**
## **Remuneration of key management personnel**
The remuneration of key management personnel is as follows:
||**2025**|**2024**|
|---|---|---|
||**£**|**£**|
|Aggregate compensation|**110,038**|118,791|
||||
## **Transactions with related parties**
During the year, donations received from trustees amounted to £NIL (2024: £2,710).
## **23. AUDITOR LIABILITY LIMITATION AGREEMENT**
Auditors Liability is limited to a maximum of twenty-five times the fee relating to the audit engagement.
The trustees approved the agreement on 26 March 2025.
Page 24
## **St Andrew's House**
## **Detailed Statement of Financial Activities for the Year Ended 31 March 2025**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Grants
**Other trading activities**
Fundraising events
**Investment income**
Rents received
Deposit account interest
**Charitable activities**
Residential care provision
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Wages
Social security
Pensions
Rates and water
Light and heat
Telephone
Postage and stationery
Advertising
Sundries
Laundry and cleaning
Refurbishment
Household and garden
Staff training
Computer software
Activity costs
Insurance
Food
Bad debts
Freehold property
Improvements to property
Fixtures and fittings
Loss on sale of tangible fixed assets
Bank charges and interest|31.3.25
£
**15,583**
**24,000**
**39,583**
**473**
**27,764**
**2,726**
**30,490**
**1,435,383**
**1,505,929**
**943,187**
**58,804**
**17,150**
**4,449**
**44,614**
**7,238**
**2,338**
**4,151**
**26,033**
**32,203**
**55,582**
**7,138**
**11,761**
**13,263**
**5,169**
**24,837**
**71,895**
**4,945**
**54,401**
**3,440**
**20,048**
**6,521**
**25,256**
**1,444,423**|31.3.24
£
7,655
1,056|
|---|---|---|
|||8,711
-
21,587
4,561|
|||26,148
1,300,962|
|||1,335,821
905,577
50,931
14,985
5,299
37,807
5,429
4,629
1,952
29,728
28,213
98,370
10,514
5,324
13,829
5,062
22,806
74,965
17,201
54,401
3,441
21,184
664
28,658|
|||1,440,969|
This page does not form part of the statutory financial statements
Page 25
## **St Andrew's House**
|**Detailed Statement of Financial Activities**
**for the Year Ended 31 March 2025**
**Support costs**
**Management**
Subcontractors
**Governance costs**
Auditors' remuneration
Legal and professional
Consultancy fees
Total resources expended
**Net income/(expenditure)**|31.3.25
£
**30,000**
**5,700**
**2,284**
**-**
**7,984**
**1,482,407**
**23,522**|31.3.24
£
49,586
5,100
49,665
19,276
74,041
1,564,596
(228,775)|
|---|---|---|
This page does not form part of the statutory financial statements
Page 26