Charrty reglstratlon number 223262 Company reglstratlon number 00482334 {England and Walesl EOTHEN HOMES LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
EOTHEN HOMES LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr l D TIson Professof A Thcrfnas DrA Van Den Bo8 Dr S Mishreki Mr A Mcllhinr Ms M Erny K4s L Marsh ChS•f Executive Mrs J M Heart Company Secretary Mrs B Wlson Charlty number 223262 Company number 00482334 Rggtstored office IS 8errym?r Crt Northumbertand Busiress P Cramlingt Northumbert¥AI England NE23 7RZ Auditor Rob8M L•(IlerAccwntants Limited Felnwco Roay Jesmond Newcastle UFM)n Ty Tyne and Erj1d NE2 1TJ Bankers Barday5 Bank Pk Jfove Newcaslle Wesl Group Ne•thrastle urA)n Tyne
EOTHEN HOMES LIMITED CONTENTS Page Trustees. report Indedent tepK)rt 9-11 Statement of financia a¢b'v.es 12 Balance sheet 13 Slatement of cash fkAvs 14 Notes lo the finla4 statements 1s-22
EOTHEN HOMES LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) FOR fHE YEAR ENDED 31 MARCH 2024 The IrLL8tees present the annual fe a1 fin[JaI slalements for the year ended 31 2024 The financial sialements have been prepared in xcordance wth accounting pIC5 Set out in note 1 to Ihe financial statement5 and comFAy with the charity'5 9)vemirg dLument. the Companies Act 2[6 and ' Accounting and Reporting by Challties. Statefftent of Recommended Pra¢l¢ce appcae to Char"e$ yeparing Eheir accounts in accordance with the Finamal Reportsng Stsndard ap1¢a46 in the UK Repubknc ot Sr8Sand IFRS 1021 leffeclive 1 January 20191. Oblectlves and activities Ethos, values. alms and oblectlves Eolhen Howne5 is a respected and trusted well-estYished christi tharity founded in 1950 The Charty's objects I'the Oeas") are io provide cAre for elderty lSOn5. wthin a Chrisban framework and ethos. Our aim 15 to provide quality redential care and supwrt. showing compassion and underslanthng. and provKJing a homdy eD¥ironmenl th safe, quality accommodabon wllch res$ are treated wlh dwjnity and respecl. Care provided is flexible and l¥alIsed to meet phYsal. emolKsnal, spN"rilual and scKial needs Rèsidents are encouraged to live life to the full. and enjoy a lifestyle based on person's akn"lilies, interests life his10ry. We regard our wnployees as wr grealest asset and base reewitmenl on i)Uf values to ensu we empby those who genuinely care. We continually Invest In Ifaining and profeSOnal development lo ensure staff are experienced, d8dicat•d skilled. Our Values Empathy. We wm lo understand other r¢ople's eXpene and 4¥hat is impctant lo them, showing Christi commilmenl. compasston. love kindness Openness.. We w1 eoen Ouf do)rs and our he¥ts. be apwoa(thle. xcept others ahyays IL8len to feedk. TrLSStworthiness.' We wll act integrity trsparenCY in everything we do and wowde a safe and secL environment Honesty. We VAII work together to act truthfijlty and kyomote cpen and FwJne8t communication. Equality". 11 treat everyone vthh respect and courtesy, promots"r4J Iw and indusÈve practice Murturing We will value and respecl everyone. ueating a sense of belonging in a caring, safe ar happy environment vthere peop are suprx)rted lo ¥hieve their full potential. Oblo¢tlv•s for the year ending 31st March 2024 P4ome Managers lo ensure high starKJards are achieved and mainlwned and ts care wovided is lexIe to meet the Increasing Needs. expe&a¢ions arKI demands of our reSts and their famI5S Resident dependency and cupancy will be cthbnually monilored alongside the slaffirvJ rats"o lch will be inceased or decreased as required to ensu appropriate levels of staff are mamla'rd. To achieve g¢)d ¢XcUpaY to increase the forecast surplus. wll 5UPPXXt cash reseryes and boost the maintenance fund lo either rwnvest in cyjr eStr9 hLYne5 of a new deve1Lynt. Trustees to consider a new investment strategy lo increase the relwn cfft fvnds hdd. Devdop a refurbishment progfam, a locus on wr Goslorth home n Ihe year ahe. Refreth"ng the décor and updating some ol the furnilure, earpei anL1 cUrtaS Furiher investsnent lo be pk4nned for the gardens al all hDme$ io provide a more vaned and 5bmulthry twe Ihe re5KlenlS are more Invc4ved and have ow)rtunrfties to share ideas and hdp out. $18ff pay and iesidenl fees lo be reviewed for the year ad. taking into xcwnl any ircrease In the Real Livin9 Wage snd any 41tnal staff employed The increasing cost of luel. utilty and food costs aThY any polential Ilsks caused by inlernalicAvl ctxflict wll also be laken into accojnl. In some cases the slaffhe51(lert falK• al one or all ol Momes will need lo be Increased for [dentS wth higher dependency.
EOTHEN HOMES LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT) (CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 Objectives for the year Icont. Research an declrollic cafe home management system wFMch is CLYn?l with our existing payiol system to streamline iesidenl, staff, duty rotss and holNJay records To employ a senior activity person to Cfyordinaie events over al threè homes rèview activity provision th consideratK)n given lo Increasing th'tses arKI events and pde more areas of Interest arouTrJ the homes. staff 81 our demenlra IK¢me to partI.¢ale in 'Under Our Wng l)esFoke Ir8inirvJ that ertapsulales the butterfly model of care. Succession planning to be consklered due to plarwd rekn"rwwit of key head office personn81 in the nexl 2- 5 years. Strategies employed to achieve objectives The Iru51ee8 and senioT management team continue lo rewew the perfomiance of the chaiity and pLgn for the future. we aim lo ensure the organisalion is seIe aThJ able lo develop, whilst remaining 8 manageable &'ze. $0 that quality of care 1$ t compromtsed and the charity's aims, 0tr4'erttvès and value5 continue to be m8t. E¢lhen currenlty has the CallY lo provth 24 hour person cenlered care and suppjrt for 135 indNidua15, 71 resKJenlial care, and 64 specialist dementia cale (r homes are k)cated at Gosforth lIleY Bay and Wallsend and are purpose buiA. Our speualist facility al Wdllsend provKJes Small scale trK)usthd Imng u51ry the 'burteffly model ol ¢are', designed lo prowde treedom and th0 for those living wlh denwlia off8r full a1 Var xtivrty pwammes whKh ar8 19nd our Ethos Values and we enwloy activity co-ordinators at our homes lo ensure that we prowde Christian Idlowship and Pastoral SuppKJrt to meet the needs ol each individual We have good relationships wth local uThvers1th'es. colges and sctrK)ds. offer work exFerience and studenl nurse placements. along wrth nursery schcol children who are also regular wsilors. aim f¢y our resi<nts to &ve al E0t as bng as FKJsgble. w(wknng wlh hearth care professimals to provid8 end of life care an¢Y full support Ity brAh the residents and Ihetr families Respite care is provided ff rrnS are available. as well as day care for those In the community may be londy and need extra support. We are committed lo staff training and development facilitated by a full lime Training and Developynenl managei who ensures ¢omplian¢e hth mandatory and t$poke training. Our staff receive training specifically regarding Iheif home and residents ¥thh enables us to piowde consistent standards and be more fesrK)nsive to indivu*l training needs. Staff wll be encouraged to participate in researth ttS and to have a greater unders&dIr0 of how life in care homes can be Improved for resiaenls. rdalNes and staff Ow value5 afid Chiislian EtrKJS are bldj in staff an(J trairlng Managets wll ensure that staff are well supported Ihrough regular observations. supervlsion art appraisals We proVe extra staff lo cover 5knesS absenc6, hotidays aTha stsff vacanot$ with th9 aim of dwninakn.ng th¢ use of agen¢y staff. fvlanagers will prornote Eothen and continue lo nets¥ork in their local community lo increase awareness of the chanty. a5 well as devebgng ways lo attract residents and staff, including effective and well placed marketing and advert15ing.
EOTHEN HOMES LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achievement and perfomiance Charrtable activltl88 Our Ghrislhan Ethos and Wdlues c(ilinw to be emt>edded ItKwgFwul ts Lyganisabon and we have received excellent leedbxk and scores on cweh¢yne.co L b5rte. IA (L)nbnue to aim for excellerKe Ihr¢)ughoul. A good kvel of occupancy has been achieved al all trN)mes KI have h&1 a steady Stre of enquiries and each home has proed a 5ufj4us. Newcasye Local AlrtYfy fe8 rat8s have irhcreased and surpassed our private fee charge bthich has not prewousty be8n expenenced. W8 werè successful in obtaining a grant for dyrtalBir¥J SOCI caTe fr¢ NHS. 1ving £24.CW whth wll fu1 the initial implemenlalion $t of Co(Acare. the eknlronK care management system Recruiimenl relentK>n issues have improved as staff pay was iwea8ed durir#J Ihe year and our hourfy pay rates ale well above ttte Real LtwirrtJ ge. The aim is lo slay ahead ol OLX comFetilors and rewaid our exisliTra staff for Iheif hard work and ccmmitmenl We ako intrrJuced a 'Refer a Fild Scherne arK4 employed a dedicated recruitment officer Staff Iufnover has reduced SIh11Y from previous year ano we have emFloyed a to181 of 4 new employees. We continue lo offer gocJ terms arKI c4xvjit1S of TloYment, traInll ¢pportunrtie5, personal development and career progres810n. We created a new proje¢t CO.nal0r rde to plan and oversee rxeventative mainlen8rce refurbishment projects Wndows haye been replaced the Soulh elevat of OLsr e in Cyjsltjrth and we have repkGed the fire pands in homes. Patso dc¥)rs were fitted in ts bJLrye at IAthittey Bay usmg thjnds frLYn a donats"on. We successfully recruited a Sen1 actNibes ciwrdinalor th) is working belween all three homes and has made a )silive difference our residents, organising speoal events. whKh have b8en shared swal media wilh regular appearances on local and natKn leIs1on news and radio. The CQC have carried out Inspect at Ihèllsend. 8chievir¥J an rth'rYJ of gX¥J and an oulstsnding rating for 'Well Led,. with sY)od cac ratings at the other homes. atthwgh they have nol inspected sincfi th8 pandemK. We have also maintavd ade 5 wth EnViroMen Heallh and grade 1 th Local Authorities. Our Training 8fKI DeveloprrÉnl Manager nts'nS lo deveknp our iesearch PNtrol arx1 we have been involved with four research projecis In 2023. DACHA- DeVelong resources and minimum data set for care homes, FINCH Falls in care homes. SONNET lunder ENRICH) - IKJking at soua Connectic and our largest proieel is wth Creating Care Partnerships. which ha5 been ongoing since Apnl 2022 Our partnership is named Care & Research North East and we are vlothing wtth Ne•vca5Ve Unwersily surpjt.ng research in adult soryal care lo improve practice aTrJ outCLKnes pecple uyrvJ we seryices. The AFRI-¢ Air Filler study. has been gathering dats for the wnler per Sept 23 to May 24. on whether 4ÉPA air filters can reiluce Symplomatsc winter iespiratw Infeth.S (coughs. colds. flu COVID -19> In care home residents. A new Home Manager was empw at Gosltrih IK)me Jl. All rnanag¥s have b88n enga9ed in our research PToiects and have re¢entty developed a vMJeo Io Provide lee(Jb¥k from the first year of research which looked al wearing uniforms in care Iwjmes. Two of our homes Vre also piesenled %Mth awards by North Tyneside Local AuthorFty for managing resKlents changirKJ care twls.
EOTHEN HOMES LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2024 Key performance indicator& Occu¢y- aim for good OCCL¥)arq at al knes aTrJ measure aclual ol4)sneY again61 lorecasl for year, klual tolal oc¢upY for Ihe year was 95% which is just urKlef the forècast of 96%. Fancl surF4u5- aim to achieve a cash SLKF4us for exh home Re8idenl & RelatNe .$1. . We aim to 8chwe a customer satisft score in excess eo%. In 2Ct23 we achteved 92 4°h. lch is (kjwn by 6.9% on Ihe p¥ew"ous year Results se8m lo hav8 b8en afected ty pandemic visiting restrithons. Feedback and reviews can te found on wvM.carehome.co uk. Our group rating is 9.8. and we continue lo be one of tfve lop 20 small cale home groups in the UK We have iecewed sorne outstanding comments for I homes. Employee sisfacl1 - aim lo ad¥eve ovefall staff Sa'Sf1on rate from annual que5tr'onnair81 of over 80qA. In 2023, the reslS shthved 95% sabsfath"on. Publlc 8enefit In s¢lling wr obpctpies and plannirrfJ OUT activities. the Trustees have gNen carefvl consideratt)n to Ihe Chanty Commission's general guidance on Wb1 benefit and are confident Ihat Eothen can continue lo meet the puijic benefi't now and into the fijture in the fotloirYJ ways". PrDviding care and a¢commodth"on for al. IAÈ accept those who are fully seW-fmJed and those who are rts"allY or fulty subsith'sed by other moan$. $(th as the bc81 aUrity Ihe NHS. lch provides conlinLMng health cafe. RIdents pay an economic fee for their care. Some ol may be partially ¢y lully payable by a ICal authonty. Ai Wdllsend the local authorrty fee rale 1$ substantialty l(Y•ver than the cost ol care a Ihwd paty lop up is requested for Local AUthty fuled redentS to help IxKlge Ihe gap. Our Etho$ is one ol trUOn ano in pwtical lemis are committ8d lo equality divefsty. welcoming residents and staff from different backgrounds and conmnunitses. Residents afe encoLnged lo jcn in ath'vrties in the homes and. where able. in the local communrty. whe¥e each ¥)dividual can maintain his or her o¥dn Inlefest5 and larth. We are approveLI lo provide placements fr)r st¥Jdenl llLW5es from N(xtrwmbria UnNersty and Wofk experierte for health and social care students from bcal cdleges. Students are able to participate and expèrience goc)d qualrty care of the el(Jerly can leam aTrJ develop thlls and knowledge lo benefit lttr fvture careers in the care sector. We are aclivety involved in various projects wlhm 50ual care, sh8ring knedge. participalry in Inals and wotkir%J vilh other providers lo improve care of okler pecyle ar¥J those INing demenba Eolhen Homes c&)es nol activety rae fur%Js are welctyne ar*J are used direcoy for lh8 benelrt ol our resident$, usually tr aelivity equipment. gwt1en f(rniture or speafic pyoiects.
EOTHEN HOMES LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Financial Review Rtrs•rvM pollcy The trustees have consK1ed the level of reserves shwld be maintained by the charity this is review8d I board meelir¥Js. Resefves may be needed to cov lexpeCted shortfalls In charitable income and other contingencies Undesignated free reEer¥es (excln9 cap.lal assets) as at 31 March 2024 afflounted to £3,998.598. The Trustees consKler this level of free reserve5 to be aderyHte lo suppxyt the Cwat1 of the three homes fw foreseeable future. Reserves ace iting lyjill up lo a new care devekjwwrt. The charity has rèvised the inveslmenl rK)Iw to I1e some methum Iwm inveslmenls. rlacing £1 m with Edentree IF)vestment Management and £1m wlh Re(Jmayne Bentley Investment Management Stock Brokers Other funds are on derx)sit m terrn accounts. malurry at vious dales throughout the year gviThJ predithbk access lo ftjnds. The trustees ccfisider that £500.WO 15 a suffic1 minimLwn financial reserve. The Trustees ceased the depreciabon of buil¢thryJs in 2002 and e$181$ the Planned Maintenance Fund. Tha fund is topped up by an annual transfer of 2% 01 fee income 9eneraled by all homes. PL4nned works sh as decoration and general refurbishment the homes are furn1e(l from th"Is In ts evenl of mapr works. an addilional transfer from ijndesignated fre8 reserves may be agre The balance on the anned Maintenar fund is £448.988 ak)w wtth the Iran$fer frorn fees is consldered adequate lo fund the &lanned exnrture in ts coming year. The Trustees mcrsilor the level of this fvnd on an annual basis. The trustees have assessed Ihe maje¢ risks to the chty Is exposed. arKI are sth'sfied that system$ are in place lo mitigate exw5ure to the mY4or nsks. Plans for future periods Home Managers will fcKus over the cnming year on redent care and experiences lo prepare for the chawes to the cac Inspeclion Framework Ensuring the care we provide Is excepknonal and of a consslenlly high SIdar. which is fleXIe lo meet Ihe Increasing needs, exp&tatson8 and demands of our iesidenls and their famil$ Resident dependency and ¢pancY will be continualty montiored alongside the stsffing rats) wCh is ncreased or decreased as iequired lo ensure appr¢)priale levels of staff are maintatned. To maintain gts)d occupancy whh 111 irreaSe Ihe IcCaSt surplus. SUPFQrt cash reseNes and boost the maintenance fund to reinvest in OLr existing homes an(1 knnd a new development. We are actively lookir)g for future projects and development opportunrtie5 in thlher re&dentkql w dementia care in the North East of Englwd and neighbouring areas. In the future. we aim to replace our eMsting homes wlh modèm purpose-built f*ilities which hMII befjefrt and support ageiry populatn •Yl Ihose Irving 1 dementia. Resident fees are revie annually increased in line ¥•ith foreeasl experKlrture ar¥J Y changes lo staff numb8rs. TO appoint a yq'ecl ctrordinator to devek)p a refurtmshwnent pryram to mainlain the quality of accommodation currenlly piovided and lo improve our focilit, pro¥rfJing me vaned aj sb"mulatsng areas In the gardens. where the residents can be invofved and have tX)porturxbes lo sha ideas. An electrmic care hcme aoministrab.on system wll be IMmented Fll April, 2024 wll reFAace our existing payrcAI system and Integrate wlh NriSh. our ele¢Iron care plar)nillg 5YStem, thich will streamline home, slalf and resident records. Biometnc and a staff portal is Induded lo enable stsff lo book overtime. Iraining and request holidays 11 1$ also a mofe effICnI way lo commUn31e 1h our workforce. We wll prowde traing and $wp(L to lurthef tmtoj 'Nourish' Ihe electronic care pAanThng systan ulilise the system lo ils ftjll polenkn.al and F)rowde 'UrKJer OLf ThJ, our thvn bespoke dementia training lo our Sidential homes.
EOTHEN HOMES LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 structurei governance and rnanagernent Gov8Tnlng documènt Eothen Hoffies Limited Is a Company "mrted by wwantee. Verned by Arts"des of AssOcia.0n adopt8J on 13 December 2017 (previously governed by the Memorandum aTrJ ArteS ofAsSl&.0n dated 8 May 1950. ended on 27 September 1988 and 10 May 20101. The Company's wstratson number 15 0482334. 11 ss registered as a charity wlh the Charty c¢MisSion. numbw 223262 There are cutrenlty etghl membeTS. each of whom agrees lo contn.bule £1 in the event of Ihe ¢hariiat4e MpanY being wound up. Th¢ charitys 04.ect and principa actNity (as descrthd in the artK4esl . 'lo provide care foi Fersons wthin a Christn Framwicxk and Ethos" by the folthw'ng me5." Providing approte a¢eommc¥lall, Jtems. seS f&thbes culaled to rek'eve r8 of $u¢h pèrson$, and by Ihè pr¢)vision of carers and by the provisic of rewlar suFyxt and training for such oarers." The trustees, wtho are also the dweclors for wrpose of cc¥npany law. and who served during Iheyew and up lo the dale of si9n8twe ol the finanual statements were.. Mr l D Thomson Professor A Thomas DrAVan Oen Bos Dr S Mishreki MrA Mcllhinney DrA Shepherd MsMEmy Ms L Marsh (Resigned 11 July 20231 Rocrultment and appolntment of new trustees The board ¢on51$ts of voluntary Iruslees, Imemterwdireclorsl. VtKS are c(Mnmitted Christs"ans and adhere lo tho Evangelical Alliance's statement ol faith. Trustees have slatulory respongbilities and ensure they fdlow the Charity Commission Cotte ol Governance In line wth Chanty requirement5. Ihe Director5 do not draw any remuneration or enelil 01Fr Ihan expenses lo cary out their dutres Trustee5 V151t the homes when possible lo kew up lo (Jale and lo provide opwrtunilies lo meet $l(lent$ and stall They also attend briefg5 and training courses as appropriate 8nd benefrt froffl Irdining ano experience fr(xn othef chth.es they are involved in. Thè reeruilment process follows tharily commissKin guit1elines to ensure trle is an appropnale of skills, knowledge and experience arnongst Ils members. Exisb"ffj trustees approach candidates who are invited to attend a Trustee meeting. Inrtially as an observer If they are con5wJered 5UrtalAe for the rde of tnjstee. the relevwl checks and references are obtained belore bwThJ Inwled lo loin the board. New Trustees afe gtven an indLFclion pth 4thich Mcludes constslubaI drt$. ovr anThJal business plan, fisk regisier, govemance infomslion and any other information relevant to the work of thè charity. All members ieceive a copy ol the 'Governance' magazine In order to keep them up to dale Ihwr rok and responsibilities and are directed to read the Chanl'es CommissvJn Gernance cDJe. The number and skills of Ituslees have be revwed and il has been idenlffjed that we would benefil from lfie recruilmerrt of some new Iruslees. prefer8Y ¥t expse in finance, senior business management and law Advertising leaflets havè been de%gn&l lo reach out to any potential trustees distributed to local churches and businesses with who we have close working conneCts.S in the North East. Trustee5 are appointed lor a Ihree year le. after which bme they we inwled lo staTrJ for re-election. Dr A O Sttepher¢J retired in July after seryiThJ Eothen for ow 34 years. There *ere no other Trustees dtse lo retire by rolalion In 2023.
EOTHEN HOMES LIMITED TRUSTEES. REPORT IINCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT) <CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Oryanlsatlonal 8tru¢turn Tre board of trlhstees have rèsponsibility for the overal leadership and direction of the charity and the day lo day epefalion ol the charity arml rts service5 Is dele9ated lo the ChEf Executive arml her team The trustees meet at least three times per year and in behyeen meelings there is regul contact with the CEO, Chair of Ituslees and other trustees as apyropnale. Trustees are prowded ¥wlh financial rep$ quarterly lo enable them lo review and approvè long term objecb"ves, slrategy. polioes. btldget and ¢ompliance with thè Chaty Commissions. Governan code. Employees We are an equal opportur#lies (x9anIsatn. committed lo proyithThJ a happy. sate and comfortable environment f all slaft. vcAunteers Students. We aim to recruit staff wll eMace cmjr CtThts" et$, vues model of care. We employ 16S slaff and are also $vprthted by families. friends th vduntews frcAn the lo¢al communrty. W8 arè commilled 10 providing gwcl lemis and C<titiOnS of empknyment f all staff. We proirida bespoke itr•j$e traffting, personal (kvelopment career opportuThties. will communicate, consult wilh. and listen to ow staff, ploy1rj rewlar cowtunilies to p¥oMde feedback ttyough westsonnaires. individual ieviews and meetings. Risk management The trustees review strategic risk regularty. A clryf8nSNe nsk register ts mainlaingj whh is su4'ecl to reyiew al boaid meelings. The nsk register Identifies risks likely to affect the charily's ability lo meet rt$ aims and objective5 in afeas ol Govemance and Managernenl. Finanual and Legal. ReguL31ory Compliance and any other extemal factors Systems and policies are In place lo reduce or mtyale risk and these are ftN)nitor&Y and appropnale action8 tsken If required. The risk regisier has been reVied for the coming year wilh 0Y minor amendments made. Recruitment issues and 8ff srtageS continue to be a higher r. Howevef. the charity remains In strong financial posilts)n and the financial forecast for the year ahead is goLXI. Financial Risk management E0th operates robust and secure financial systems wth safe accountirvJ procethres in place The trustees are aware of their dLty lo entity and rewew the nsks lo which the charity 15 exposed and lo e115ure appropnale ntrOL% are in place to ryovide reasM8ble a$surare against frwd w¥J efmr. Financial risks are Identified a5 part of the annual tsneSS rtwew wcess and are mltored w a fe9ular basis. Financial performce is reported to the trLtstees by ffinance marojer. Wh may be subied to fvrthei s¢rulH)y as determined by the t)ard.
EOTHEN HOMES LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Statement of trustees. re5ponsibiliti•s The Iruslees. who are also the dIreCtS of Eothen Homes L1mrtI for Ihe purpose of company law. e fesponsible for preparing the Trusiees, Report arKJ the finala1 statements In ac£oTdance wlh applicable law aNJ United Kingdom Accc#JnlirvJ Standards (Unrted Kirothm G¥TallY AcceF4ed Ac¢cwling Practicel. Company Law requirès the IrLtstees to prepare farjaI statents for eh finanual year whth gNe a Irw and tair view of the slate of affairs of tl charity ol the tnc(xming resour and alICatiOn of re$th8, including the income and expendilure. ol the charitable ccmpany for that ye In kyeparing these financaal statements, the trustees avE required to". - sdecl suitable accounts'ng pcth.c a1 then appty them corwst6ntty'. - obseNè the melh¢xls and princie$ in the Charilies SORP.. - make judgements arKI estimates tr1 are reasonat4e k¥LKlent.' - stale whether lIcab UK AccoLmb"ng Standaids have been fc1lol. SU.1 lo any material dèpartures disclosed and expl&ned In n•al staleffthts". arKJ - prepare the finanoal slatements on the going corKem basis unless il is inappmpriale to presunE thal the tharily bMII continue in operalm, The Iiustees a responsib keeping adeque awjuniing rec(wds Ihat disdose wlh reaswable accuracy at any lime the financial position of the charity and enable them lo ensure Ihai ihe Iinancial statements comply wlh the Companias Act 2006. They afe 8Sso responsible lor safeguarding the assets of the charlty arKi hence for taking reasonatAe sleps for the preventsc ar•J detert of frauo and ofvr iffegulanbes. Auditor In accoroance with companys artKles. a re501ution woposiry that Robson Laicler Accounknls Limited be reaFyoinled as auLlor ol fv Company will be wt at a General Meeting. Dlscloguro of Inlormatlon to audltor Each of the trustees has confirmed thal there is Tr) inlumatim of which ihey we aware which is relevant lo thè 8udil. but ol which Ihe auditor Is unaware. They have further confirmed that they have taken appropriate steps 10 Klenlify such relev1 tnformalion ar¢d to establish that Ihe auditor 15 aware ol such inf(Mati. The trustees, report. incI[ng the 5trategc repM. Y4as apwoved by Ihe Bowd of Trustees. Mf l D Thcrtnson Trust
EOTHEN HOMES LIMITED INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF EOTHEN HOMES LIMITED OplnSon Vve have aLKlrted the financial statements of Eothen Homes Lnnited Ill 'tharily'l the year end 31 March 2024 which comprise the stslement of financk81 aclivrts. the balance sheet. the statement of cash flows and notes to thè financial statements, indudin9 signifunt ¢(ling policies. The financial reportin9 framework that has been appls@d in their preparatson is applcabie law arKI United King(kJm Accounbng Stsndards, Including Financial RePing Standard 102 rhe Financial Reportiw SÉandard applicable in the UK and RepublK of Iland (United lfjngdom Generally Accepted Accounting Prackn'cel. In our ownion, the financkgl slat&nenls. give a true and fail view of the slate ol th8 charitable CLpanY'S affairs as at 31 Maich 2024 of ils Inccmin9 resr¢e$ and applubon ol resources. irt4]iT¥j its expendrture. fot the year then ended". have bèen wperfy prepwed in accrydance ith United Kin9kn1 Generaly Acceplod Acccunling PraCte". and have btsen prepa in acCcd3nce rewirements Of Crynpanies Act 20tA. Basls for oplnlon We conducted our wJJtt in accordance Inlemational Stsnd8rds AUd.j IUKI {ISAs IUK)) a1 awieable law. Our ¥esponsibilities under those standards are further described In the Audilofs reSp)nsibilitS for 11?e audil ol the Iifiaiicial sldleiFFOflts section ol our rewrt. are Indep8ndent of th8 charity in accofdance with the ethical requirements thal are relevant lo our audil of the financial statements in Ihe UK. incluthng the FRC'S Ethical Standard. and we have fulfilled wr other ethical respsitI111eS in xCOrdan wlh these requirements. We believe that the aLKlil evidence we have obtained Is sufficient and appropnale lo prowde a basts for oJr opinion. Concluslons relatlng to golng concern In auditing the financial slalements we have cc¥thed that the trust$, use of t goir¥J ¢(M basis ol accounting in the paratIOn the fin1 siatements is apprate. Ba$¢d on the wcx1( we have perform&l. we have nol idethfied matenal uneertainlies relating to events or conditions Ihal. individually or colkcttvely. may CASI snthcant <h)ubt on the charity's abil'ly lo continue as ? going concern for a period of al lea51 twdve months from the finanal statnts are aullK)rised Issue, Our responslIrtieS and the fespon%bi"tres ol the trustees ith respect to wing corKem art deribed in the relevant sethon5 of this report. Other Informatlon The other Inform'on comw'ses the Inflnati¢) in the amual reKXJt other Ihan the slalemetms rid oui audrtiS report theOn The Iruslees ore reswfjsie the othw inf0mtIOn contained within ihe annual rewrt. Our opmion on the financtal slalements does not ¢over the otlf Informati and. except to extent otherwise expltitty slated in our report. we do noi express any Irn of assurance condus1 Ihereon Our rèsponsibility is lo read the other lnlomwln and. fft thng so. consider vthether the other information is rnalerially inconsistent wth the financial statements of wr krThSedge obtained in the ccwrse of Ihe audit. or otherwr6e appears to materially misstated 11 we identify such material Incon5151enGies or aryarenl malenal misslalèmenls, we are required lo determine whether this gNes rise lo a material misslalemwl in the finanaal statemen15 thèmselves. 11. based OTh Ihe Wofk we have perfomied. we cOndJ9 that there 1$ a material misstatement of ths other informats"on. wè ère required lo port that lact. IAle have Th)thing to report in this regwd. Opinions on other matters prnscrfbed by tho Companl8s Act 2006 In oui opinion. based on the work undertaken in the course of Our audrt.. the informab'on 91ven in the trustees, ferort for the finawJ yew fv wthich the financial slalen%nls are prepared, which in¢ludes the directors. report KI Ihe strategic repcrt prepared for the purFM)ses of company law, is consislenl wlh the financial statements". and the 51rategic rewl and the director5. rerYt rflbj) Ihe truslees, report hav8 bn prepared in acoydance wth apph"cable legal reqijirements.
EOTHEN HOMES LIMITED INDEPENDENT AUDITOR'S REPORT {CONTINUEDI TO THE TRUSTEES OF EOTHEN HOMES LIMITED Matters on which wo arn requlr•d to rewrt by •xc•ptlon In the light of the knoedge and underslandirKJ of the charity aThJ rts enwronm¢nt obiained in the Coufse of the audit. we have Mt id.[1& malenal misstalements in the stralegic reprKI or th8 dif8Ctors' rewt i1ed wilhtn the Iruslees, report. We have rthIng to report in respect of fv fdlwrwJ matters in relatton lo the Ccmpanie8 Act 20C6 requires s to feport lo you rf, in our opiniiy)" lequate accounts.ng recofds have not been kept, or retums adequat8 for cmjr authl have Tr)1 been received from branches vigled by us., c the financial statements are not in agreemenl t•Ath th8 acccJntsftg records and rettyns,. or certain disdo$ures of Iruslees, remunwatson spEafied by law are not made", or we have not received all the infc¥matK)n and èxplanab.ons we requwe lor our auth't Responsibilities of truste•s As explatned more hjlly In the statemeni of twstees. re5ponsibilibes. the tTuslees. who are also the dirtOrS of the charity for the wrpose of cw)pany law, are respsINe lor the preparabon of the finanrjal 51alemenls and for being satIsfd that they give a true arnl fair vw. aTrJ fof internal control as the Ituslee5 detetmitTre is necessary lo enae the preparation of financial slalemenls that are free from material misslalemenl, vknelher due to fraud or error. In preparing the finanoal stalemenls. the trustees are responsible for assessing the charity"s ability lo continue as 3 goiNJ concem. disclogng. as applicable. matters related to going concern and using the going concern basis of 0ntIng unless Ihe trustees ertprtr Intend lo 14uidate the challtable ci>mpany Dr lo cease operations, or have no reali51ic alternabve lyjt to do so. Audltor's responsibilities for the audit of the financlal sl•tements Our oectives are lo obtain reasonable assLbrance aboLrt whether the fmanual slalemenls as a whoÈ are free from material misslatemenl. whether due lo fraud cy error, and lo issue an auditor's report that includes our opinion, Reasonable assurance 15 a high level of asSUrae bul 18 fKsI a 9(rantee Ihal an aLKlil c(vJucled in accordance with ISAS IUKI %wll aayS detect a maIal misstslemenl vA)en it exists Mlsslatements ¢an arise from fraud or error and afe considered moierial if. indivallY or in the aggregate. could reasonably be expectèd tc influence the economic decigons of users taken ofthese finrial slalements. The extent lo whh wo¢ethfes are capable of detects'ng egularitIeS. dUd1r9 fraud. detailed lOw. The risk ol material misstalemerrt due lo errty ty fr•Jd has teen assessed in ccmjunction knth hcp•4 intemal ¢onl(ol$ may mitigate any such nsk. These controls are reviewed as part ol Ihe 8L4Jil by p•fcthin9 Systèms walkthroughs to ensure they are operatiro effeclivety Analy11 vieW and substantive tesbng is also performed on 811 material baLances and therefrxe any instartes of Th)n•COml3nce shwld be identsfied or considered as Insignfficant. In ideniifying and ass8Ssing risks of material mtsstalement in resFecl of irre9ulanlies. including fraNJ. the audit enga9emenl team., obtained an understsnding of the natu of the industry and seclor, incjuding the legal reguiaory framewort(. Sn the charty operales a h(Ns the charily CoMlè8 with that legal and regulatory framework inquired with management arKI Ihos8 thargod ilh go¥eman att their own identification and assessment of the risks ol ITregulanlies IndudirvJ any know actual. susFecled cx alleged In$lances of Iraud discussed wlh management and those thar9ed wth governance any non-compliance th law5 and regulations and IK)w fraud mi9ht txcur including assessments ol arKS whefe the financial slalemenls may be susceptible lo fraLKI. The risk of management 0¥orrid8 of corrtrt)Is was also eoNdered an afea of potentsal mi5Statement due io fraud. Audit procedures performed inctuded testing of manuaE journal entr5 and olhef adjustments and evaluating the business rationale in relalton lo significanl, unusual transacbC5 aruj Ifan5aclions entered into oulsQe Ihe nofmal ourse of business. 10-
EOTHEN HOMES LIMITED INDEPENDENT AUDITOR'S REPORT ICONTINUED) TO THE TRUSTEES OF EOTHEN HOMES LIMITED There a inhwenl limE1aln8 in ts autht Woe¢de$ descn"W ave and th8 primary resp3nsJihty for the prevefition and detection of iffegularities including frd rests wlh managemenl. As wth any audit. there remained a risk ol noTrdelectson of irregukarities. as these may wwolve colUSl. lorgw. intentional i)mi56ions, misrepresentati&is or the ovettide ol internal conlrds. A fiJrther descrpti.on of our rOnsiL'hkn.es is avail•L the Financial Reporting Counctl'$ websrte at." https:11 wMy.frc.org.uklwJditorsresponsIbiIleS This descripti foms part of tyjr aut1iliy's fetKTrri Use of our report This report ts made sokly to the drtste comp5 members. as a bcJy, in accordance ith Chapter 3 of Part 16 ol the Companies Act 2006 Ovr audit work has been UfKJertaken 50 that we might Slate lo the charitatle company's members those matter5 we are required lo slale to Ilkm in an audtlofs cethyt and lor no other purpose. To the fullest extent permilled by law. we do nol accept or assume responsibility lo yone other than the charitable company and the ¢harrtat4e ¢>)mpry's members as a toty. for our alt work. kn th lew1. ¢y fry the 0FXnnS we have formed L- Nicholas Cunnlngham FCCA (Senior Statutory Auditor) for and on behalf of Robson Laldler Aceountaftts Llmlted Statutory Auditor Fernwood H$ FernCXfj Road Jesmond Nevlcastle upjn Tyne Tyne ond Wear England NE2 ITJ 11
EOTHEN HOMES LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 un$trt¢1•d Unrestrlclgd funds funds 2024 2023 Income from: Donations and g8@S 34.445 11,449 Re$ential care lees 5,8B1,693 S.387,772 Investments 131.026 23.467 Total Income 6.047,164 5.422.688 Expendlturn oft: hanlable activili Residential care other expenditure 5.388.058 4.764.162 11.418 Total expendire 5.386.058 4.775.580 Nel gainslllossesl cn investments 93,787 126.0981 Net movement in funds 754.893 621.010 Reconciliation ol funds: Fund balare$ at 1 Apnl 2023 12.265,688 11.844.678 Fund balanc•s at 31 March 2024 13,020.581 12.265,688 Tha statement of firwcial activ"e5 inckKJes al gaIr and losses recogrmsed in the year. All irr(8 and expenth.lure derive from continuirKJ tI¥ll%. 12-
EOTHEN HOMES LIMITED BALANCE SHEET AS AT31 MARCH 2024 2024 2023 Fixed ass•ts Tangible assets Investments 8,572.995 2.089.520 8,$80_131 1,913.002 10 10.662.515 10,493.133 Curr•nt assots Debtors Cash at bank and in h 11 109.709 2.634,130 67.546 2,053,524 2.743.839 2.121.070 Cr•dltors: falling due within one year 12 1385.7731 1348,5151 Net current assets 2.356.066 1,T72.555 Total assets les8 current Ilabllltlo6 13,020.581 12.26S.688 The lunds of the charity Unrestricted funds 13.020,581 12,265,688 13.020.581 12.265,688 The finanrial stalemenls were approved by ts trust&S LYI .... Mr l D Thomson Trustee Company registration number 00482334 {EngIj arY Wales) 13-
EOTHEN HOMES LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Cash floyrn from operating activitles Cash generated frIMn operatb)ns 19 558.005 767.156 Investing activitles Purchase of langible fixed assets Proceeds from disposal of tsngt4e fixed assets Purchase of inve5tfflents Proceeds from i"swsal of inveslrrnts Inveslmenl income received (25.6} 12Q.499) 789 (1.939.100) 1128.4041 45.675 131.026 23,467 Net eash genèrat fromllus•d Inl investing activities 22,801 {1.944,3431 Net ¢15h US in financing activities Net increasel(decreagel in cash and cash equlvalents 580.606 {1.177,1871 Cash and cash equivaknts at bw"nrir#J of yè 2,053.524 3.230,711 Cash and cash eguivalents at •nd of y••r 2,634.130 2,053.524 14-
EOTHEN HOMES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting polic1•8 Charity information Eothen Homes Limited is a pnvate company Imrted by arantee inCorted in Ennd and Wales. The regbstered office is 15 Berrymoor Court. NorthuMterld PAJsin8ss Pork. Cramlingkn, Northumbefland, NE23 7RZ. EnglarKI. 1.1 Accounting convention Thè financial slalemenls have been prepared in aCcorce wrth Its charity's g)verning document. CompanEs Act 2006 and 'Accounling and ReFrg by Charities statern1 of Recommended Practice applicatye to charitie5 prepanng thr acccwnls in accordance wth the Fiianaal Reporting Standard applicaue In the UK and RepuLgic ol Irela1 IFRS 1021 leflects.ve 1 January 2019}" The chanty 1$ a Publ Benefit Enbly as defined by FRS 11T2. The financial Stste$ are prép¥¢d in sterko. wfiith is the furKKxAI casrency ol the charity Monetary amunls in these finclaI siatements are rounded lo Ihe are$l £. The fin18] slaleffnts have been prepared Lnder Ihe historic cost cLvents.0. The principal a¢tounting policies adopted are set out b¢. 1.2 Going concern At the time ol approwng the finanoal statement$. the trustees have a reasonab eXFec1atn that the charity has adequate resources to continue In wratsonal existen fc the foSeeable future. Thus the trustees conb.nue lo adopt Ihe goiffj concem basis of tIng tn preparing finla1 stalements 1.3 Charltable funds Unreslricled funds are available for use at the disc of the trustees in ILKtherance ol the¥ charitable objectives. Deygnated lunds are fvnds aswJe by the TrLlees wl of unrestricted fiJThas for Specif futsjre purpose or projects. Restricted are subiecl lo Specif Cc.1 by thnors or grant$ as to how they may be used. The purposes arKI uses of restricted lurNls a set Ihe note5 to the finCial statements. 1.4 Income Income Is recognised when Ihè ¢harily is legally entsued lo rt after any perforrnance eondits'ons have been mel, the amounts can be measured reliably, and it Is probable Ihal Irme will be ieceiv&J. 1.5 Expenditur• Liabilities are reccgnised as expenditijo as soon as theie is a lega or constTucbve obligation committing the charity to Ihal exwditlbre. il is probable Ihal a transfer of economic benefrts wll be required Ir) 5eltlemenl and the amount of the obligalKtn can be measured reliatrAy. Expendrture Is accounted for on an accruals LBsis and has been claSlIe under headirKJs that aggregate all cost ielated to the category Where costs cannot be direct5y aitribjled to particuLgr headings they have twi ¢cate¢Y to acts"¥ities on a bags Cls1$t¢ni wlh the Use of resource8. 15-
EOTHEN HOMES LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Ac¢ountin9 poIici•s Icontinuedl 1.6 Tangible fixed assets Tangle fixed ossels are irwlkglly asUre0 at ust and subsequ&)Uy measured al cosl valuatson. nel ol d8preciats.on and any Impnnent losses Depreciaticffl is recognised so as lo [te off the c051 or valuation of assets s$ theif fedual valLW over their useful lives on the folkjwng bases.. Freehold ld and builth.ngs Fixtures and fitb'ngs Comwters Nol depreuated 15% on cost 33% on cost 1.7 Flxed •#$et Investm•ni8 Fixe(J asset investmen15 we Irutially measured at tranSactn price excIling transacb.on co$t5, and are $ubs¢queniiy MeasUrj al fair value at each re date. Chwges Jn lair valtse are recognised In nel incomellexpenthlurel for the year. Transacts"M cctsts are expensed as irwred. 1.8 Impairmgnt of rued assets Property. plant and equipm1 are fevwed lor impaiment rf evLN)Is changes in circumstances ilICate that the carrying amount of such assets may not be reeoverabl8. If there is an IndatIOn of PDssi8 impament. Ihe recov@rab amoMI ol any affected ass81 Is estsmated compared against ils Carrying amount Where the estimated recoyerable amount is h)Ef. an impairment Ioss 15 recowised immeth'al8ty in prcfil and loss. 1.9 Cash 8nd cash equlvalents Cash and cash equivalents Ire cash in hèrKI. dem'ts held al c811 with banks. fftr short-temi liquid investments wrth onginal maturrtie5 of th months LY les5, and bank overikafts Bank overdrafts are shown wrthin bOrrobmn in current 11a"11eS 1.10 Taxatlon The charities aclivi14es fall within the exemptions afforded by t wow8ion$ of The Coiporatson Taxes Act 2010. AccoTdirvJly, there is no laxalion charge in these accounts 1.11 Retlrement beneffts Payments to defined conlribub¢M rebremenl benefft scherys are dwged as an expense a5 they fall due. 1.12 Short tern) deblors and credllors Debtors and credrtors wth no Interest rate which reVable OT PaYae wrthin one year we recLYded at transaction price. Any loss arising from ImpalmnI are recognised Mmediatety ir) proffit and 105$. 16-
EOTHEN HOMES LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from donatlons and1gg•¢l8s Unrnstrlct8d funds 2024 Unrestricted funds 2023 t)onth'ons arK1 gifts ¢kniernment grants 3,201 31.244 2,4(Q 9.049 34,445 11,449 Expenditure on charltable actlvlll•s RId•nI1al Residential care care 2024 2023 DlrKt ¢o$ts Staff costs Dopreciatson and imp•mient Rates water Insurance Li1 and heat Telephone, stationery antt Sundries Food 3.442,219 32,830 36,969 68,755 286,869 34,276 34,838 270,297 2,919.405 75.005 31.407 72,674 137,462 43.582 17.342 250,934 k 11 China, utensils aThJ linen Employment agency Repair5 and mainlenan GarO&ning CleaniTrJ and waste disp Tr8irnng, Iravelling and subsistence Leg4 and professional Registration fees Occuw'onal therapy 21,389 126,890 324,094 28.117 74,643 18.002 15.460 20.850 16.6C(I 7.349 258,813 318.S43 28.234 64 335 22.638 3.805 20.347 10.144 4.853.098 4.282,019 Sharg of $upport and governance costs (see noto 41 Support Governance 527,010 5.950 476.843 5,300 5.386,058 4.764, 162 An8lysl$ by fund Unrestricled funds 5.386,058 4.764,162 17-
EOTHEN HOMES LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support costs allocated to activFties Re8ldnllal C•fe 2024 Totsl 2023 Siaff costs Depreciation Property expen8es Motor and travel costs Legal and professional fees Comunication Information Office èxpenses Bank charges Govemance 433.396 404.639 538 38.507 10.426 4.619 9.081 3.512 5.521 5,300 44.327 18.857 12,267 8.536 2.7 6,831 5.950 532.960 482.143 Net movement in funds 2024 2023 The net movement in fu)ds is stated after chargin{cdti"ng). Fees payable for the atjyrt of fts ¢hanVs $tatements Depreciation ol ovéned tangit4e fixed assets L088 on disposal ol IjIble fixed assets 5,950 32,830 5.300 75.543 11.418 Trustees None of the trustees lor any PerSc5 ccfflnecled ith them) receNefJ any r8muneralion or belfitS from the charity during Ihe ye Employees The average monlhly nlmber ol plOyeeS dlng the yew was.. 2024 Number 2023 Number Residenlia Central management and adminislrab. 150 146 Total 157 153 18-
EOTHEN HOMES LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Employ•¢s IContlnuÈdl Employment CO8ts 2024 2023 Wages aThJ salaries Soc¢al secunty costs Cxher pension costs 3 514.084 271.189 J,342 3.013,304 235,352 75,388 3.875.615 3.324,044 Key management remuneration totamed £190.73712023." £175.9841. The number of emoYeeS vthose anThJal remfftratp)n was £60,OW or more were". 2024 Number 2023 Nurnb•r £80.001 10 £90.) Taxation The tharity is exempt from taxation tts xtiwties l)eca4se all its irthme Is appjhgj for charilatrAe purposes. Tanglblo flxed assets Fro01Id Fixtures and CwyJter8 and building frttinBS Totsl Cost Al 1 April 2023 Afldith'ons Diswsals 8.638.197 778,601 25,696 132,0461 11.940 9.428.73B 25.696 132.0461 Al 31 March 2024 8.638,197 772,251 11,940 9,422.386 Depreciation and impalrnwnl Al 1 April 2023 Depreciation charged in the year Eliminaled in respect of disrosals 163.293 673.376 32.830 132.0461 11.940 848,609 32.830 (32,0461 Al 31 hAarch 2024 163,293 674.160 11940 849.393 Carrylng arnount Ai 31 March 2024 8.474.904 98.091 8,572,995 At 31 March 2023 8,474.905 105.226 8580,131 19-
EOTHEN HOMES LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 10 Flxed 498ot In¥trn18 Listed Investments Cost or valuation Al 1 April 2023 A¢Jth'lions ValuatK)n ¢h¥oes DPOsal$ 1,913.002 128.404 93.789 145.6751 Al 31 March 2024 2,089.520 Carrylng amount At 31 March 2024 2,089.520 At 31 March 2023 1,913,002 11 Oebtor5 2024 2023 Amounts lalllng due wlthln one year- Trade debtors Prepayments aThJ accfL*d incLxne 49.177 60.532 22.272 45.274 109.709 67.546 12 Credltorn.- amounts falling due within one year 2024 2023 Other taxatirm arKI social sewnty Trade ¢redilors Other creditors Accruals and deferred wKomo 78,192 81.240 21.546 204.795 68.279 78 370 19,702 182_164 385.773 348.S15 -zo-
EOTHEN HOMES LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 13 Retlrement benefit schemes 2024 2023 Deftned contr11tIon 8¢h•m•s Charge lo ryofit rA loss in resFect of defiwj c0ntribth1c sce$ 90.342 75,388 The charty opefates a defId cmtrilmthon pons1 scheme for all qualty.ng employees. The assets of the scheme are held Separately from Ihose of the ctharity in iThdependenYy athninislered fvnd. 14 Designated fund# The unre5tricled funds of the charity ¢L¥TVi5e the ¥pended balances of ¢Jonatsons ar1 grants which are not subj1 lo specific conditions by dcmrs arKI grartlNs as lo how they may used. These Include despjnated fund$ whth have been sel ag¢* out of reSEn"¢led furKls ty the tntstees for speu.fic purposes. Balan¢• at l Aprm 2023 R•8otsrce8 ÈxpeThled Trartsf•rs 8alance at 31 March 2024 Planned matnlenonce fwKI cap81 fund 424,248 8.580.131 192.891) 117.634 448.988 {7.1361 8,572,995 9.Crt)4.379 {92.894) 110.498 9.021,983 15 Related party transactlo There were no disdosable reLgled party Ir¥nsxts duriThJ the year12023. ncv)el. 16 Purpose of Designated Funds T1 planned maintenare fvnd has been sel asioe wl of Unfestrted fijnds ty the Truslee8 for f¢Jture anned maintenance costs al the ttomes. The eay.tal lund represenis the Value of the lunth'onal fix8J assets held by the charity. net of bofrwro The Trustees con%der that these assets lorrn the ccye assets from which the charity operates and therefore do nol consider them lo be availabKe lo lund the day lo day ath"yities of the arily. 17 Ind•mnlty Insurance The chanty paid for the inwrance pyemiums to indemnity Trust88s a1 sen•Jr staff from any Ioss &$5ing frc¥n Fwlect of defaults of Trustees or slaff and any consequent lost 18 Company Llmlt•d by Guarantee Eolhen Homes Limited is a company Iimrted by guarantee accordingty ths not have a share caFMlal. Evwy member of the company un(krtakes lo contrilxrte such amounts as may required not exceeding £1 lo the assets of the charrtable c(Ynpary In the event ol rt being wound up vdhile he or she Is a member, or within one year after he she ceases to bo a member. 21-
EOTHEN HOMES LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 CaBh gènerat•d from op•ratlon8 2024 2023 Surpkjs for the y8ar 754,893 621,010 Adjustments for". Investmenl trKome recognised in stalwnent of arla1 acb¥th"es (Gainllloss on disposal of tangible fixed assets Fair value gains and losses on investments Depreoalion and impaimient of Iwible fix&Y assets (131.0261 123.4671 11,418 26.098 75,543 {93.7871 32,830 Movements in wc*kn"ng capital,. Ilncreaselldecrea5e in debtors Increase in creditors 142.1631 37.258 37,134 19,420 Cash generated from operatloTrs 558.005 767,156 20 Analysls of changes In n•t funds The chaity had no malellal debt dunng the year.