BOWDON FINANCIAL STATEMENTS FOR THE YEAR ENDED 31. MARCH 202S CHARITY NUMBER: 219495 Doc ID.. 40a26e5d70daa8a38c78eccf1265268b404e61cd
THE BICKEIAM HO1V, BOWDON INDEX TO FINAIYCIAL STATEIVIENTS FOR THE YEAR ENDED 31" MARCH 2025 Page Referen¢e and Administrative Infomiation TNstees' Report Auditors, Report Statement of Financial Activities Balance Sheet io Statement of Financial Cash Flows li Notes to the Financial Ststements 12 Detailed Income and Expenditure Account 23 Doc ID: 4oa26e5d70daa8a38¢78efl26S2G8b404e61cd
THE BICKHAM HOTh[ REFERENCE AM) ADLlItNISTRATIVE INFORMATION Trustees Dr C J Davies (Chairperson) Mrs E A Haddock Mrs J Ravenscroft Mr I Macklin Mr P Long Mrs L Robinson (appointed on 8 January 2025) Address Bickham House Green Walk Bowdon Cheshire WA14 2SN Charity Number: 219495 Auditors McKellens I l Riverview, The Embankment Business Park Vale Road Heaton Mersey Stockport SK4 3GN Bankers CAF Bank 25 Kings Hill Avenue Ktngs Hill West Malling Kent ME19 4JQ Bar¢lays BaT)k 48-50 George Street Altrintham Cheshire WA14 IRH Investment Managers Barclays Wealth 1° Floor, 3 Harthnan Street Spipningfields Manchester M3 3HF Nominated Individual Ms P Williamson Premier Care Solutions (Stannington) LTD I Spout Copse Stsnnington Sheffield S6 6FB Key Personnel Mrs E Jimenez Mrs Tanya O'Toole Doc ID.. 40a26e5d70daa8a38c78eccf1265268b404e61 cd
THE BICKHAM HOME, BOWDON TRUSTEES, REPORT FOR THE YEAR ENDED 31" MARCH 2025 The trustees present their report with the financial statements of the charity for the year ended 31st March 2025. The financial statements have been prepared in accordance with the accounting poli¢ies set out in note I to the accounts and comply with the charity trust inslnllnenL the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recomrnended Practice applicable to charities preparing the Counts in accordance with the Financtal Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102). The trust is an unin¢otpordted trusl constituted under a ttust instrument dated 12th March 1954 as amended by the s¢heme of 20 July 2004. The trust was set up in accordance with the Will of the late Helen Constsnce Bickham. The trustees are responsible for the overall supervision 2nd management of the Home, with the day-to-day management delegated to the Registered Manager and the financial affatrs to the Treasurer. The trustees comprise: Dr C J Davies- BM BS MRCP G¢n¢ral Medical Practitioner [Chairperson] Mrs J Ravenscroft Mr I Ma¢ldin Nfr P Long- Chartered Accountant Mrs E Haddock Mrs L Robinson (appointed on 8th January 2025) Supported by: Ms E limtnez. Registsred Manager Ms M Danao. Assistant Manager Mrs T O'Toole FCMA, Treasurer and Business Manager Ms P Williamson and Elaine Shahabeddin, Premier Care Solutions Mrs J Mccarthy, HR Consultant The charity's objective is to care for our residents. creating a welcoming home for elderly people whilst ensuring they feel safe in an environment that they are familiar with. The Bickharn Home currently caters for up to 26 residents, including the capacity for respite Care. The Home consistently provides full attention to detail genuine wamith towards all residents and offers around the clock assistance of the highest standard. The last Care Quality Commission inspethion was in November 2020 in which the Home w&5 rated as Good in all aTeas. The Home is providing a first-class service that strives to a¢hiev¢ continued improvements. The Home was reviewed in July 2023 though an inspection was not required. PUBIIC BENEFTT The trustees confimi that they have, when and where necessgry to do so, paid regard to th¢ Charity Commission's Guidance on Public Benefit when considering and nkIng their decisions. The trustees allow the Home and gardens to host vaTiOUS charitable events each year to assist fidraiSIng and to provide a local awareness of the facilities whi¢h are on offer at the Home. The kitchen garden is currently being utilised by local gardeners for similar purposes with the additional benefit of providing fresh fruit and vegetsbles for the Home's kitch¢n and flowers for th¢ Tesidents. Stsff training has always been a high priority with all staff and The Bickham Home has a training coordinator who ensures staff training is up to date. Staff have the opportunity to attend other training courses as they arise or r¢qu¢st other training opporti1ties. New ttustees are selected by the trustees and introduced to the workings of the Horne and are kept updatsd through regul8s trustees, meetings and ¢ommuni¢ation throughout the year. Trustees also attend staff meeting5, on a rots, to be ac¢¢ssibl¢ to staff and to arw¢r any of their queries. Doc ID: 40a26e5d70daa8a38c78eccf1265268b404e61cd
BICKHAM HOME, BOThoN TRUSTEES, REPORT FOR THE YEAR ErDED 31°, MARCH 2025 REVIEW OF AcIIvm[NfS AIYD PERFORMANCE FOR THE YEAR The charity has aimed to generate a surplus each year to properly fund the day to day njnning of the Home and to provide ndS for exceptional maintenance and improvements. Following struggles in previous years, we raised fees significantly. appointed new management staff 2 years ago, and ensured all staff were employed at living rninimum wage. Our management team have reduced staff agency costs significantly however, due to Éncreasing costs we have not managed to deliver a svrplus this year however we have spent money reinvesting back into the home and its fa¢ilities. We have previously remodelled the lounge and are cUentlY in the process of Upading the dining room fijrniture, curtains arAd window frames. We have continued ongoing maintenance and improvements to our building, and we have n¢ed¢d to make ne¢¢ssary modifications based on our regular f]re safety, legionell4 asbestos and infection control &ss¢ssnLents. We have continued to upgrade the building including further wipeable flooring, an upgraded sluice area and the replacement of the fmal asbestos doors. The mof requires regular attention and is inspected on an annual basis. It has always been the Trustees aim to ensure that the Home is well led, deliver5 a high standard of care for its residents and builds on its ex¢ellent reputation. Our Registered Manager, Ms E Jiminez, continues in post supported by Ms M Danao. our deputy manager. We have also dispensed with the services of Caresolve and have now engaged Premier Care Solutions as our visiting residential home management consultants. Thts new support has proved successful. We continue to employ the services of Mrs J Mccarthy. a HR ¢onsultanL who has been supporting the management with tbe HEi side of running the home. Fillancial Results a result of cost pressures asso¢iLted with in¢re2sed staff costs and energy costs in addition to repairs and modifirations to the hom¢, we have Continued a policy of increasing fees accordingly. Despite the increase in fees, a redurtion in oKupanGy has contributed to income reduci-ng by 3D/o over the last year. Total expendittwe increased by 7010 due to the above factors. Reserves policy The trustees aim to nIntain free reserves in unrestricted and legacy funds at a level which at least exceeds thiee months of charitable expenditure. Based on the budgeted expenditure for 2025-2026, this requires free reserves to be held of approximately £332k. The Trust¢es have previously considered that this level will provide sufficient fiJnd5 to rne¢t the inevitabl¢ capital expenditur¢ needed to maintain the high standard of care to residents in a Victorian Mansion house, to fully ¢omply with any updates required to CQC requirements and to cover any unexpected falls in occupancy levels. Investmejjt Management and Policy The charity's investsnents are managed by Barclays Wealth. There are no Testrictions on the charity's power to invest. The trustees, investment powers are set out in the charity's trust instrument. The investment strategy is set by the truste¢s and takes into a¢¢ount income requirements, th¢ risk profile and the investment manager's views of the market prospects in the medium term. The policy is to maximise total rthrn through a diversifLed portfolio whilst providing a level of incorne advised by the trustees from time to time. The performance of the portFolio and the charity's investment strategy are reviewed by the trustees and their repTesentstives who meet wkth the investment Manager at least twtce a year. The charity investment aGhieved an income yield of 3.30/0 (2024: 3.00/0). Throughout the year the trustees have continued to liaise closely with the charity's inv¢sknent adviser and seek their advice. The charity has no immediate need to realise value from the portfolio other than through interest income and given that the trustees, intention is to hold investments ov¢r the longer tenn, we have been advised to monitor the investtn¢nt p¢rforman¢e but not to radically amend th¢ investment policy that has been followed in recent years. Doc ID: 40a26e5d70daa8a38c78eccf1265268b404e61 cd
THE BICKHAM HOME, BOWDOIY TRUSTEES, REPORT FOR THE YEAR EIYDED 31" MARCH 2025 The trustees will continue to review perfornwice but, given that they view their investments as being for the long terni, they remain confident that the poli¢y adopted is appropriat¢ for the charity. Key Man8g¢m¢nt Personnel remuneration The tte¢S Gonsider the board of tntees, the Registered Manager and Treasurer as comprising the key management personnel of the charity in charge of directing and controlling the charity and running and operating the harity on a day-to-day basis. All trnstees give this time freely and no trustee remuneration was paid in the year. Ms P Williamson of Premier Care Solutions is the nominated individual for the home and holds overall responsibility for ensuring that the care home operates in compliance with the requirernents of the Care Quality Commission (CQC) and that the financial statements present a true and fair view of the organisation's activities in support of the provision of safe and ¢ffethive care. Maxine Peny of Caresolve was the nominated individual for part of the financial year. We have previously highlighted serious concerns about the long-terni viability of the charity. However, we are pleased to report that the Charity is now financially more robust thanks to our current management stru¢ture. reduced agency staff costs and higher restdent occupancy levels. This has enabled us to Gontinue with upgrades to the home. The Trustees however are not complacent and remain aware of potential new cost pressures that may result from hanges such as increases to pensions, national insurance, living wage, energy prices and repairs to an old Victorian building. The long-tern] viability of the home remains unCein, but following on from our previous financial issues. the Trustees will continue the policy of using our reserves when necessary to support the home and the Charity. RISK MANAGEIIIENT The tsvstees have considered th¢ majoT risks to which the Ch]ty is exposed and have reviewed those risks and established systems and procedures to manage those risks. AUD INFORIVIATION The Trustees who held office at the date of approval of thts Trustees. report confimi thaL so far as they aff individually aware, there is no relevant audit information of Hd]ich tbe auditor is unaware. Each of th¢ Trnstees has taken all the steps he or she ougJ]t to have taken &8 a Trustee to make himself or herself aware of any relevant audÈt infornMtion and to establish that the Tt'S auditors are aware ofthat Infornlo. TRUSTEES INDEMNJTY ARIL4NGEMENFS The charity has Directors, and Officers, insurance to indemnify the trustees to the extent permitted by law in respe¢t of 11 liabilities to third parties arising out of. or in comiection with, their exe¢ution of their powers, duties and responsibilities as trustees of the charity. Doc ID.. 40a26e5d70daa8a38c78eccf1265268b404e61 cd
TItE BICKHAM HOME, BOWDON TRUSTEES, REPORT FOR THE YEAR ENDED 31" MARCH 2025 STATEMENT OF THE TRUSTEES, RESPONSIBILITIES The trle$ 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 Pra¢tice). The law applicable to charities in England and Wales, tbe Charities Act 2011. Charity {Ac¢ounts and Reports) Regulations 2008 and the provisions of the trLLSt instrunlent require the thiste¢s to prepare finan¢iaI statements for each financial year which give a true and fair view of the stat¢ of the affairs of the charity and of the incoming resources and application of resources, including the inwme and expenditure, of the charity for that period. In preparing thos¢ finan¢ial statements, the tmstees are required to select suitable accounting policies and then apply them consistently. observe the rnethods and principles in the Charity SORP. make judgments and estimates that are reasonable and prudent; State whether applicable UK accounting standardg have been followed, subject to any material departures disclosed and explained in the financial statements. prepare the financial statements on the going wn¢ern basis unless it is inappropriate to presume that the charity will continue operating. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the finanrial position of the Charity so as to enable them to ensure that the funCIal statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008. and the provision of the trust instrLunent. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities. Approved by the trustees on 17th November 2025 and Sign on their behalf Dr C J Davies- Chair of Trustees Do¢10'. 40a26e5d70daa8a38c78eccf1265268b404e61 cd
THE BICKEIAM Holl, BOWDON INDEPEIYDEiYf AUDrroR'S REPORT TO THE TRUSTEES OF THE BICKEIAM HOIVI Opinion We have audited the financial statements of The Bickham Home (the 'charity') for the year ended 31st March 2025, wbich comprlse the Statement of Financial Activity, Balance Sheet, Ststement of Cash Flow and Notes to the Financial Statements, including a sumrnary of significant accounting policies. Th¢ financial reporting framework that Iw been applied in their preparation is applicable law and United Kingdom A¢Gounting Standards including Financial Reporting StandaTd 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Practice. In our opinion the financial statements: giv¢ 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. and The Charities (Accounts & Reports) Regulations 2008 (which have been amended by a number of Orders since initial release). Basis for opinion We conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the ffflanciai 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 fffinancial statements in the UK in¢luding the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with th¢se requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a b&sis for our opinion. Conclusions relxtlllg to going COllC¢rn In auditing the finanrial statements, we have concluded that the trustees, use of the going Goncern basis of accounting in the preparation of the financial staternents is appropriate. Based on the work we have perfomied, we have not identified any materiat uncertainties relating to events or conditions that, individually or collectively, may cast silfIcant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the finan¢ial statements are auth0ri5ed for issue. Our responsibilities and the responsibilities of the trustee5 with respect to going concem are des¢ribed in the relevant sections of this reporL Other information The other inforn)ation comprises the infornlation included in the1rnstee's repo¢ other than the financial statements and our auditor's report thereon. The trustees are responsible for the other tnformation. Our opinion on the financial staternents does not cover the other inforn]ation and we do not express any forni of assuranc¢ ¢onGIusion thereon. Ln Gonnethion with our audit of the fmancial statements. our responsibility is to read the other infornmtion and. in doing so, consider whether the other infonnation is materlally Èn¢onsisterAt with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially rnisstated. If we identify such matertal xn¢onsistencies or apparent material misstat¢ments, we are quired to detennine whether there is a material misstatement in the financial statements or a material misstatement of the other infonnation. If, based on the work we have perfomied, we conclude that there is a n]aterial rnisstaternent of this other infonnation, we are required to r¢port that facL We have nothing to report in this regard. Doc ID: 40a26e5d70daa8a38c78e¢cf1265268b404e61 cd
THE BICKEIAM HOIVIE, BOWDON JIYDEPENDENf AUDOR's REPORT TO THK TRUSTEES OF THE BICKHAM HOME Matters on Ivhich we are required to report by exception We have nothing to report in respect of the following matters in relation to which the Charities (Accounts & Reports) Regulations 2008 require us to report to you if, in our opinion.. the infomiation gtven in the Report of the Trustees is inwnsistent in any material respect with the fall¢la1 staternents; OT sufficient accounting records have not been kept. or the financial statements are not in agreement with the accounting records. or we have not received all the inf0mtIOn and explanations we require for our audit. Responsibilities of trustees As explained more fully in the trustee's responsibilities statement [set out on page 5]. the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees deterniine is necess to enable the preparation of financial staternents that are free from material misstatement, whether due to fraud or error. In preparing the fancial 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. Auditors, ruponsibilities for the audit of the financial statements We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations rnade or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misststement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted An accordance with ISAS (UK} will always detect a material misstatement when it exists. Misstafrments arise from fraud or error and are considered material if, individually or in the asgregate, they could TOnablY b¢ ¢xpethed to influence the economi deGisions of us¢rs taken on the b&8is of thes¢ financial statements. Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows: the engagement partner ensured that the engagement team collectively had the appropriate competence. capabilities and skills to identify or recognise non-compliance with applicable laws and regulations- we identified the laws and regulations applieable to the charity through discussions with trustees and other managemenL and from our knowledge and experience of the charity sector. we focused on specific laws and regulations which we considered May have a direct material effect on the financial statements or the operations of the charity, including the Charities Act 2011, taxation legislation and data PTOtection, anti-bribery, employment, environmental and health and safety legislation. we assessed the extent of compliance with the laws and regul&tions identified above through making enquiries of management and inspecting legal correspondence and reviewing trustee meetÈng minutes. and that identified laws and regulations were ¢ornmuni¢ated within the audit team regularly and the team remained alert to instanres of non-compliance throughout the audit. We assessed the susceptibility of the charity's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by: nlaking enquiries of nmnagement and those charged with gov¢rnan¢e as to where they ¢onsider¢d there was susceptibility to fraud. their knowledge of a¢tual. su5pe¢ted and alleged fraud; and onsidering the internal controls in place to mitigate risk5 of fraud and non-compliance with laws and regulations. Doc ID: 40a26e5d70daa8a38c78eccf1265268b404e61 cd
THE BICKIIAM HOLlff, BOWDON INDEPKIYDENf AUDITOR'S REPORT TO THE TRUSTEES OF THE BICKUAM HOME To address the risk of fraud through management bias and override of controls, we: perfomled analytical procedures tr) identify any unusual or unexpethed relationships. tested journal entries to identify unusual transactions; tested the authorisation of expenditure L¥ part of our substantive testing thereon. assessed whether judgements and assurnptions made in detern]ining accounting estimates set were indicative of potential bias. and investigated the rationale behind significant or unusual transactions. In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedur¢s which included, but not limited to.. agreeing financial statement disclosures to underlyit]g supporting documentation; reading the minutes of meetings of those charged Ivith governance; enquiring of management as to actual and potential litigation and claims; and reviewing ¢orrespondence with HMLiC, relevant regulators including the Care Quality Commission (CQC), and the ¢harity's legal advisors. There are inherent limitations in our audit procedures described above. The more removed that laws and regulattons are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the trustees and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud ¢an be harder to detect than those that arise from error as they may involve deliberate ¢on¢ealment or Gollusion. A further description of our responsibilities for the audit of the financial statements is available on the Financi&l Reporting Council's website at: www.frG.org.uklauditorsresponsibilities. This description forrns part of our auditor's report. Use of our report This report is made solely to th¢ Chty,$ truste¢s. as a body, in accordance with Part 4 of the Charities {Accounts & Reports) Regulations 2008. Our audit work ha5 been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent pern)itted 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 thts repo¢ or for the opinions we have forn)ed. McKellens Ltd, Statutory Auditor I l Riverview The Embanknient Business Park Vale Road Heaton Mersey Stockport SK4 3GN Date: dtsl McKell¢ns Ltd is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006. Doc ID: 40a26e5d70da88a38o78eccf1265268b404e61
THK BICKHAM HOME, BOWI)ON STATEIWIENT OF FINANCIAL ACTIvrriES FOR THE YEAR ENDED 31° IIIARCH 2025 2025 2025 2025 2024 Note Unrestricted Funds ndoivment Funds Total Fullds Total Funds Ineome and endowments from: Donations and grants 3,118 3,118 5,077 Charltable athivities: Operation of we home 1,165240 1,165240 1,202.926 tnveslment income 16,508 746 23254 21.045 Total income and elldomynents 1,184,866 6,746 1,191.612 1,229,048 Expenditure on: Raising funds.. Investment management costs 1.168 527 1,695 1,794 Charitsble activities.. Operation of care home 1240,928 1240,928 1,156,526 Total 1242,096 527 1242,623 1,158,320 Net incomel(expenditure) before gains/(losses) on inveslments {57,230) 6,219 (51.011) 70,728 Net (lossygains on investments 363 164 527 45,885 Transfers between funds 6219 (6219) Net movement in funds (50,648) 164 (50,484) 116,613 Reconcijiatioll of funds Total funds brought forward 996248 219,908 1216,156 1.099.543 Total funds carried forward 94&600 220,072 1,165,672 1.216.156 The Statement of Financial Activities includes all gains and losses recognised in the ye8T. All income and expenditure derives from continuing activities. Doc ID: 40a26eSd70daa8a38c78eccf1265268b404e61cd
THE BICKHAM HOME, BOWDON ILANCE SHEET AS AT 31" MARCH 2025 2025 2025 Unrestricted Endowment Funds Funds 2025 Total Funds 2024 Funds Note Fixed assets Tangible assets Investments 246,798 487,711 246,798 707,783 278,202 707,255 io 220,072 Total fixed aets 734509 220,(ll2 954,581 985,457 Current assets Debtors 68,177 6&177 11,898 Cash at Bank and in Hand 339,585 339,585 320,662 Total current assets 407,762 407,762 332,560 Li*bi]ities Creditors falling due within one year 12 19Q671 196,671 101,861 Net current assets 211,091 211,091 230.699 Net assets 945,600 220,072 1,165,672 1,216,156 The fullds ofthe charity: 13 Endowment funds 220,072 220,072 219,908 Unrestricted income funds 945,600 945,600 996,248 Total cbarity funds 945,600 220,(172 1,165,672 1.216,156 The financial statements were approved by the trustees on IP November 2025 and signed on their behalf by: . P Long- Trustee . C J Davies- Trustee io Doc ID: 40a26e5d70daa8a38c78eccf1265268b404e61cd
THE BICKHAM HOIIIE, BOWDON STATEIVIENT OF CASH FLOWS FOR THE YEAR ENDED 31" MARCH 2025 Total Funds 2025 Funds 2024 Note Net cash provided byl(u$ed in) operalillg activiti¢s 17 {4J31) 102,500 Cash flows from investing aetivities: Investment income 23,254 21.045 Net cash provided by investing aetivitie$ 23254 21,045 Change in caslj ajjd casb equivalents in the year 18,923 123.545 Cash and cash equivalent brought forward 320,662 197.117 Cash And eash equivalent ¢8rri¢d forward 18 339085 320,662 li Doc ID.. 40a26e5d70daa8a38c78eccf1265268b404e61cd
THE BICKHAM HOLVIE, BOWDON NOTES TO THE FINANCIAL STATEMENfs FOR THK YEAR ENDED 31" MARCH 2025 Ae¢ouDting policies Basis of preparation The financial statements of the charity. which is a public benefit entity under FRSI02, hav¢ been prepared in accordance with the Chatities SORP (FRS102) 'Accounting and Reporting by Charities: Ststement of Reconllnended Practice, applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applic&ble in the UK and Republi¢ of Ireland (FRS102) (effective 1st January 2019),. Financial Reporting Standard 102 'The FiDan¢ial Rq)orting Standard applicable in the UK and Republic of Ireland, and the ChaTitie5 Art 2011. The fll]ancial statements have been Prepared under the historical cost onvention. The presentalional Gurrency ofthe financial staternents is the Pound Sterling (£). Preparation of the accounts on a going concern basis The charity has prq)ared budgets which indicate that the charity Iw sufficient reserves in order to meet its liabilities as they fall due and, on that basis. the trustees are satisfied that it remains appropriate to prepare the financial statements on a going concem basis. Fund5 Structure The charity has a single pennanent endowment. The endowment provides for the trustees to invest the capital in perpetuity as it is managed on a total return basis. The ttStees. at tbeir discretio may allocate any part of the unapplied total retLSm to the general purpose of the charity. Unrestricted income f(]nds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Income recognition All incoming resour¢e$ ar¢ recognised on¢e th¢ charity has entitlement to the resources, it is certain that the r¢sour¢es will be re1ved and th¢ monetary value of incorning resources can be measured with sufficient liability. Incoming resources from Charitable Activities comprise of fees receivable from private individuals and local authorities. Investsnent income comprises dividends and interest received. Dividends are recognised on a cash received basis, interest on fidS held on deposit is recognised on a receivable b&sis when the amount ¢an be measured reliably by the charity. this is nornmlly upon notification of the interest patd or payable by the bank. Govemment and local authority grant inwme is rewgnised on a receivable basis when there is evidence of entitlement, receipt is probable and amounts can be measured reliably. In accordance with the Charities SORP FRS102, volunteer time is not recognised. Expenditure recognition Liabilities are recognised as resources expended as soon as there is a legal or CQTth¢tive obligation committing the charity to the expenditure. All expenditure is accounted for on an accrua15 basis and has been classified under headings that aggregate costs related to the category. All expenditure is stated inclusive of irrecoverable VAT. Expenditure on raising fjjnds Comprise investment manager's fees. GovernanG¢ costs compris¢ ail sts involving public accountability of the charity and its compliance with regulafion and good practice. Direct charitable expenditure comprises all expendille directly relating to the obJts of the ¢harity. When necessgry, costs are allocated between direct charitable expenditur4 support costs in proportion to lime spent and estin1 use of seryices and materials. 12 Doc ID.. 40a26e5d70daa8a38c78eccf1265268b404e61cd
THE BICKHAM HOTh, BOWDON NOTES TO THE FINANCIAL STATEIVIEiYfs FOR THE YEAR ENDED 31" MARCH 2025 Tangible fixed assets No value is inGluded in the accounts in respert of the property, household goods and equipment transferred from the Estate of Miss H C Bickham deceased in 1954. Subsequent capital expenditure on Trplacing equipment has been written off in the year it was incurred. However, the net book value of the building and equipmenL if depreciated, would not be matertal. Since 2012, land and buildings is stated in the balanGe sheet at GOSt. Capital items costing less than £5,000 are written off as an expense as acquired. Depreciation Depreciatioll is provided at the following mUal rate in order to write off each asset over its estimated use1 life. Land and buildings Fixtures alld fittings IOO/o on cost Fixed asset ftnvestments Investments are a fomi of basic financial instrument and initially recognised at their transaction value and subsequently measured at their fair value &8 at the balance sheet date using the closing quoted market price. The statement of financial athKvities includes the net gains or losses arising on the revaluation and disposals throughout the year. The tsust does not acquire put options, derivatives or other complex fmancial insiThments. The nlain fom] of financial risk faced by the charity is that of volatility in equity markets and inveslment markets due to wider economic conditions, the attlde of investors to investtnent risk, and changes in sentiment concerning equities and within particular sectors or sub sectors. Realised gains and losses All gains and losses are posted to the statement of financial a¢tiviti¢s as they arise. Realised gains and losses on investments are Calculated &8 tlie differen¢e between sale proceeds and opening market value (purch&8e date rf later). Unreajised gains and losses are calculated as tlie difference between the market value at the year end and opening market value {or purchase date if later). Debtors Trade and other debtors are recognised at the transaction price less any impairment. Cash at bank and ill hand Cash at bank and in hand represents such accounts and instruments that are available on demand or have matiwity of less than three months from the date of acquisition. Deposits for more than three months but less than one year have been disclosed as short-tenn deposits. Cash placed on deposit for more than one year is disclosed as a fixed asset investment. Creditors and provisions Creditors and provisions are rewgnised when there is an obligation at th¢ balance sheet date as a r¢suLt of a p&8t evenL it is probable that a transfer of ewnomic benefit will be required in settlemenL and the amount of th¢ settlement can be estimated reliably. Creditors and provisions are nonnally recognised at the amount the charity anticipates it will pay to settle the debt. Pensions The Charity operates a defined contribution ('money purchase,) pension scheme for its employees. The assets of the scheme are held separately from those of the chartty in an independendy administered fimd. Employer contributions are charged to the Statement of Financial A¢ttviti¢s as they become payable in accordance with the neS of the scheme. 13 Doc ID: 40a26e5d70daa8a38c78eccf1265268b404e61 cd
THE BICKUAM HOMI, BOWDON IYOTES TO THE FINANCIAL STATEMENTS FOR TIIE YEAIi Ef4DED 31$t IVIARCH 2025 Operating leases Rentals paid under operating leases are charged to the income and expendittwe account on a straight-line basis over the period of the lease. Termination benefits Tennination benefits are recognised inun¢diately a8 an expense when the is a clear decision or cornmitrnent to temiÈnate the employment or provid¢ such tennination benefits. Corporation Tax The charity is exempt from Corporation T&x on income falling wkthin Part I l of the Corporation Tax Act 2010 to the extent that these are applied to its charitable purposes. Accordingly, no provision has been made for Corporation Tax in these accounts. Donations and graDts 2025 2024 Donations and event income Grants received 3,118 5,077 3.118 5,077 Operation of care home 2025 2024 Residents, fees Residents, charges 1,163,562 1,678 1,198,606 4,320 1,165240 1.202,926 nv¢stment income 2025 2024 Listed inveslrnents Bank interest 21,698 1556 20,675 370 23,254 21,045 14 Doc ID.. 40a26e5d70daa8a38c78eccf1265268b404e61cd
TI[£ BICKEIAM HOME, BOWDON NOTES TO THE FINANCIAL sfATEMENfs FOR THE YEAR EIYDED 31" MARCH 2025 2025 2024 5. Analyslls of charitable expettditure Stsff ¢osts Social security Pension costs Temporary staff Food and provisions Insurance Council tax Heat and light Water ¢harges Garden upkeep Cleaning and w&¥te Repairs 712,789 56,389 11,224 19,843 66,289 19,446 1,971 58,220 10,518 13,988 33,711 93,848 613,839 45,605 10,897 38,746 63.357 17,416 1.877 34,944 8,764 6,177 31,168 137,712 Ill Care consumables Postage, telephone and stationery Depreciation Registration fees Sundries Staff Training Legal and professional fees Enfrrtainm¢nt for residents Computer solhvare Management consultants Support costs (see note 6) Governance costs (see note 6) 10,434 1,006 31,404 4270 6.690 6,158 7,394 2,911 14,539 33,358 17,724 6,804 15,752 1,924 31,404 4,270 4,343 4,076 12,551 3,556 9,599 36,825 16.984 4.740 1240,928 1,156,526 No employees had emoluments in excess of £60,000 during the year (2024: none). Temporary staff are used by the clients to cover staff holidays and illnesses. The average number of employees during the year was.. 2025 2024 Provision of care 33 32 The Key Management Personnel of the Gharity in rharg¢ of dIreIng and wntrolling, running and operating the charity on a day-to-day basis Gomprises the trustees, the manager and the treasurer. Total amount of ernployee benefits received by Key Management Personnel in the year (including Employers NICS and pension contributions) was £75,192. (2024: £54,138). 15 Doc ID.. 40a26e5d70da88a38c78eccf1265268b404e61cd
THE BICKHAM HOME, BOWDON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR EIYDED 31" MARCH 2025 Allalysi$ of support and governance costs The breakdown of support costs and how these were allocated between governance and other support Costs is shown in the table below: Genernl Support Governance 2025 2024 Tre&surer's honorarium Bank ¢harges Advertising and rnarketing Auditors, rernuneration: - Statutory audit services - Other non-audit services 11,700 320 1955 11,700 320 1,955 11,700 343 6,804 6,804 3,749 4,470 4,941 3,749 17,724 6,804 24,528 21,454 7. Trustees. remuneration and benefits There were no tn]stees' remuneration or oth¢r b¢nefits for the year ended 31SI March 2025 nor for the year ended 31° March 2024. Tttes, expens There were no trustees, expenses for the year ended 31st March 2025 nor for the year ended 31° March 2024. 16 Doc ID.. 40a26e5d70daa8a38c78eccf1265268b404861cd
THE BICKtIAM HOIVIE, BOWDON NOTES TO THE FINANCIAL STATEffvtENfs FOR THE YEAR ENDED 31. IVIARCH 2025 8. Comparatives for the statsment of financial activities 2024 2024 2024 Unrestricted Endowment Funds Funds Total Funds Income and endowments from.. Donations and 5,077 5,077 Charitable activities: Operation of ¢are home 1,202,926 1,202,926 Investsnent inwme 14,617 6,428 21,045 Total income and endowments 1,222,620 6,428 1,229,048 Expenditure on: Raising funds: Investment management costs 1,236 558 1.794 Charitable activities: Operation of care home 1,156,526 1,156,526 Totsl 1,157,762 558 1,158,320 Net incomel{expenditLwe) before gains/(losses) on inveslrnents 64,858 5,870 70,728 Net (loss)Igains on investments 31,618 14,267 45,885 Transfers between funds 5,870 (5,870) Net movement in funds 102,346 14,267 I 16,613 Reconciliation of funds Total funds brought folward 893.902 205,641 1.099.543 Total fimds catried foard 996,248 219,908 1,216,156 17 Doc ID: 40a26e5d70daa8838c78ec¢f1265268b404e61cd
THE BICKHAM HOIIIE, BOWDON NOTES TO THE FINANCIAL STATElENTs FOR TttE YEAR ENDED 31" MARCH 2025 9. Tangible fJx¢d assets Land aud buildings Fixtures and fittings Totsl COST At I. April 2024 and 31. March 2025 539232 62,896 602,128 DEPRECL4TION At I. April 2024 Charge for the year 283,707 26,962 40.219 4.442 323,926 31,404 At 31* March 2025 310,669 44,661 355,330 ET BOOKVALUE At 31, March 2025 22863 18,235 246,798 At 31. March 2024 255,525 22,677 278,202 The deeds of the property "Bickham Home" are vested in the Offirial Custodian for Charities. As permitted under FRS102, the charity has continued to adopt a policy of not revaluing its tangible fixed assets. There are no detailg available ofthe original historical cost of the property. It is likely that ther¢ is a materiaI dTfference between the open market value of the charity's prop¢rty and its book value. The amount of such differences cannot be ascertained without incurring signifi¢ant costs which, in the opirAion of the trustees, is not justified in tem of the benefit to the user of the a¢¢ounts. The charity's buildings have an insured value of £5.355.467. 18 Doc ID.. 40a2685d70daa8838c78eccf1265268b404e61 cd
THE BICKEIAM HOME, BOWDON NOTES TO THE FtNANCIAL STATEIVIENfs FOR THE YEAR ENDED 31" MARCH 2025 10. Fixed a&set investments 2025 2024 Market value brought forward Gainsl(losses) on r¢vatuation 707,255 527 661,371 45,884 Market value as at 3 1st March 2025 Cash held fr>r inveslrnent 707,782 707,255 707,782 707255 Analysis: Total Unrestricted ndoivment Unitsd Kingdom Listed inveslments: Funds 707,783 487,711 220,072 707,783 487,711 220,072 ]nvestm¢nts that comprise more than 5V/o of the mad(et value at the year end w¢r¢: 2025 2024 Barclays Charity Fd 707,783 707,255 11. Debtors 2025 2024 Trade debtors Prepayments and accrued income Other debtors 61,657 6,106 414 5,404 6,494 68,177 11,898 19 Do¢ ID.. 40a26e5d70daa8a38c78eccf1265268b404e61 cd
THE BICKHAM HOME, BOWDON NOTES TO THE FINANCIAL STATE111yrs FOR THE YEAR EIYDED 31" MARCH 2025 2025 2024 12. Creditors: amounts falling due within one year Trade creditors Other taxation and social security Other creditors Accruals Deferr¢d incorn¢ 21,942 2,915 57,685 9,743 104,386 43,326 10,915 14,989 15,112 17,519 196,671 101,861 Deferred income Deferred income as at I. April 2024 Utilised in the year Received in the year 17,519 (17519) 104,386 29,793 (29,793) 17,519 Balance at 31" March 2025 104.386 17,519 Deferred income consists of Care fees paid in advance. 13. Movement in funds Unrestricted Endowm¢llt Total Balance at 1° April 2024 Incoming resources Resources ¢xp¢nd¢d Transfers (Loss)Igain on investments 996248 1,184,866 {1,242,096} 6.219 363 219,908 6,746 (527) (6219) 164 1216,156 1,191,612 {1242,623) 527 Balance at 31" March 2025 945,600 220,072 1,165,672 The capitaI element of the endowment fund must be mainlained but income may be used for the general purposes of the Home. For this reason, during the year the trustees have decided to transfer £6,219 (2024.. £5.870) from th¢ endowment fund to the unrestricted nd. 20 Doc ID- 40a26e5d70d8a8838c78ec¢f1265268b404e61 cd
BicIaL4M HOIVIE, BOWDON NOTES TO THE FINANCIAL STATEMENfs FOR THE YEAR ElED 31" MARCH 2025 CompArativeg for movement in funds Unrestricted Endowment Total Balance at l* April 2023 Incorning resources Resources expended Transfers (Loss)Igain on investments 893,902 1,222.620 (1,157,762) 5.870 31,618 205.641 6,428 (558) (5,870) 14,267 1.099,543 1.229,048 (1,158,320) 45,885 Balance at 3 1st March 2024 996,248 219,908 1,216,156 14. PensioDS commitments The charity operates a defined contribution ('money purchase,) pension scheme for its employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. Employer contributions are clwged to the Statement of Financial A¢tivities as they become payable in accordance wtth the rules of the scheme. The pension Gharge for the year was £11,224 (2024: £10,897). The employer amount outstanding at the year end was £1,104 (2024: £1,294). The average number of ernployees accruing benefits in the pension schetne during the year was 33 (2024: 25). 15. IAasillg agreements Future minimum leas¢ paym¢nts under non-WAc¢llable operating leases fall due as follows: 2025 2024 Within one year Bettveen two and five years Over five years 12,418 29,090 10,870 33,440 41,508 44.310 16. Related parties Total employee benefits of Key Management Personnel are disclosed in note 5 of the accounts. The charity is ontrolled by the trustees. 21 Doc ID.. 40a26e5d70daa8a38c78eccf1265268b404e61 LXI
THE BICKHAM HOME, BOWDON NOTES TO THE FINANCJAL STATEMENTS FOR THE YEAR ENDED 31st MARCH 2025 17. Reconciliation of net movement in funds to net cash flow from operating activities 2025 2024 N¢t movement in funds Add back deprecRation charges Deduct invthent income Deduct gainsladd back losses on investments Decreasd(increase) in debtors Increase/(decre&se) in creditors (50,484) 31,404 (23254) 116,613 31,404 (21,045) {527) {56,280} 9{810 (45,885) 2,624 18,789 Net cash used in oper8ting acttvities (4J31) 102.500 18. Analysis of and cash equivalents C&8h at bank and in hand 339,585 320.662 Total Cash and cash equivalents 339.585 320,662 22 Doc ID: 40826e5d70daa8a38c78eccf1265268b404e61 cd
THE BICKHAM HOME, BOWDON INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31" MARCH 2025 2025 2024 COME Residents. fees Resident chgeS Donations and grants Event inwme Listed inv¢stments Bank interest 1,163,562 1,678 1,977 1,141 21,698 IA56 1,198,606 4,320 5.077 20,675 370 TOTAL INCOIV 1,191,612 1,229,048 Running Expenses Staff ¢ost5 Social security Pension costs Temporary staff Food and provisions Care consumables Insurance Council t&x Heat and light Water charges Cleaning and wast¢ charges Garden upkeep Entertainment for residents Repairs Staff Training Computer software 712,789 56,389 11,224 19,843 66289 10,434 19,446 1971 58220 10,518 33,711 13.988 2,911 93,848 6,158 14539 613,839 45,605 10,897 38,740 63,357 15,753 17,416 1.877 34,944 8,764 31,224 6,177 3,556 137,712 4,076 9,599 1,132,278 1,043,536 Administration Tre&surels honorarium Audit fees Accountancy Investment charges Registration fee Postage, telephone and stationery Sundri¢s Bank charges Legal and professional f¢es Advertising and marketing Management consultants 11,700 6,804 3,749 1,695 4270 1,006 690 320 7J94 1,955 33J58 11.700 4,740 4,941 1,794 4,270 1,924 4,293 342 12,551 36,825 78941 83,380 Depreciation 31804 31,404 TOTAL EXPENDrrirRE Net (lossygain5 on investments 1242.623 527 1.158.320 45,885 SURPLUS/(DEFICIT) FOR THE YEAR (50A84) 116.613 This page does not fomi part of the stattrtory financial statements. 23 Doo ID: 4oa26e5d7odaa8a38c78ec1265268b4Q4e6l cd