Charfty regl•trallon numbor 237911 Cofflpany v•glitraUon numb•r 00817104 IEngknnd and W*lo•1 THE WILVERLEY ASSOCIATION TRADING AS EVERWOOD CARE CHARITY ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
THE WILVERLEY ASSOCIATION TRADING AS EVERWOOD CARE CHARITY LEGAL AND ADMINISTRATNE INFORlslATION Tvu$te MRMOeo Mr G B Smith MrMRCFJonos (Appjinled 15ffj1r2025) (Apwnted 1510112025) (Appointed Cfrn2023. reSne0 05103r2024, re4ppoinl•d 13108r2024) (Apwnled 1510YL024. re&gneO 1J08r20241 (Appoint&d 01111)r2023) (Aptw)inte(130108rd023) {Appcrfnted 22104r2023. resigned 04109r20231 (Resigned 04m4r20231 IRe5i9ned 01D)8120231 (ResI9d 07108r20231 {Roswwl 0110023} Mr R P8tterson Mr J HK*5 Mrs C Bid¢Je(rnbo Mr J C Hudson Mrs S Hamillon Mrs J Burke Mr P Stafford Mrs J R HusbaThJ Charfty numb•r 237911 Conyany nunth•r 00817104 R•gl•tered offl¢• Litt Fla Boaulieu Road Dibden Purkeu Southampton Hampsh Unil•d Kingth S0454JF Awlltor TrethDwans LLP The Pavilion Botleigh Grange Business Pa Hedge End Southamplon United ngdoM Athenla Hou$9 1(k14 AndoY8r Road nthe5ter HwnpJP¥re Ur#l8(l Kingt S023 7BS Bank•rn AF Linited 25 Kings Hill Avenue West Malli Brewn Dolph Vantage Point Jwater Pa Pynes Hill Exeter UThted lQ'ng&Jm EX2 5FD Unitad knngthm ME194JQ Lloyds TSB 25 Gresham Stre•l London United lfjngdom EC2V 7HN
THE WILVERLEY ASSOCIATION TRADING AS EVERWOOD CARE CHARITY CONTENTS TNslees' fepfy1 stalemenl oftrustees. respywb Ind8pandent audbto¢s report -10 Statent of ffinandal acaiifjlies Balance Tth¢8t 13 Statement 0fh fltr*s 14 Notes lo the finanual statements 15.30
THE WILVERLEY ASSOCIATION TRADING AS EVERWOOD CARE CHARITY TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 laARCH 2024 The trustees. who a dyeclorn for Ihe pUoseS of company Iw. wesgnl the annual rewrt loggthgr with thg financial slalemenls and auditors. repth of the dwitable for the yeaf ended 31 March 2W24. The ffinanual statements have been prepared wi xe0rd wilh the accounknThJ poliae5 set out in note 1 to the financial $tatement5 and ¢ompty with the tharilable ¢ompanfs ArtK4es ofAs500ation. the Comparies Act 20( and 'Acuunl'ng and Reporting by Char.e$.. Siaiemenl of Recommended Practice appli¢able to charities preparing their accounts in aecordanc• with the Financml R•portry Stardanl appltable m the UK Republic of Irend (FRS 102)" (effecb"ve 1 January 2019). ObJ•ctlv•• and acthitl•s The Charitys PUTpose. a$ set out wi thè ¢4ed$ 14•Jse o)ntair)ed in its artKs ol ass0iia1n. o pyomole lh• rali•f of th• •ldaty....in a mannerwhth 1$ deemeo ty law to be charilable.. Our re&dents and they famlie5 are certhl to ow rxgani5al"on. Their n8ed5 and aspirations are rnet by cornrnitted. professional and respethl care team. ResKlents' ind[dalty and w8p0jenc0 is actively promotod and their contribution to ccrfnmunty invd¥ement is encouraggd. Thg Charitys m 1$ IL) prowde high wality carg for those who need varyir4J levels ol suppcrt to aswsl Ihem with their daY.tdaY actlvitles. Oble¢tlYes. trnttyios and xtlvlil• Occupancy To maintain a high le¥el of occupancy. To ba lh• rOnI1a1 and nursing hom•s of chLMce for tho hxat 0%rnnty and Ihe local he1 trnl. N•tion•l Ilving wag• To keep OUT Employees above OT in line the NatK*nal LThing We. To monitor INg increase$ dosety and gnswe that EMI0ye&S aro pavj apwowl•tsly. In¥tmont PorfomMnc• To generate a respectable level ol tuM on Investment5. Invest in sectois thal are risk averse and gen8r4ts an abjve aNW Tale of relun. Stsff Thrnoyer To See a reduction in the stsff lumow. To be the destination of ch0e for nursiThJ staff. aThl and domesticassistants. o•t Control To see conbnued cost control ro$S the organisatr"on. To continue developing and adhering to fin8naal pohc4es and FKrA%dures to ensure costs are aayS minimal to 0de a high Standard ol care.
THE WILVERLEY ASSOCIATION TRADING AS EVERWOOD CARE CHARITY TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) (CONTINUED) FOR ThIE YEAR ENDED 31 MARCH 2024 G•n•ral The Charily operates one Re&denbal hoTh He¥lland Brod(enhwsl. HampshTr. arbd Residential and Nursing Home, Lrtlle Haven. in Dknden H•whYe. Each of the ChanS care homos offers reshjwthl. nursng (nryaT no longer wowdeLI at Heartland Manor). palliauvg. re5Prte. ¢onvale$cenl. and re-enablemenl ¢we lor èlderly. Heartland Manor a150 offers Dementia care. 11 the need arises, a seamle55 transfer thrwjh these stage5 of Can be amplIShed. Little Haven has a dedicated A¢tiwties coorth"nalor. who ensure Ihat residents enjoy a dr¥ErsE and stimulating range of daily adivities such as qUttZ•S. 98nlla &xerus8 classes. Ihemed events and meaLs, thiiks parties. excursions. films. and other enlertainmenls as well as access to computws * the eMel Visitors are always WCMe. and ¥vnteers. 18mdw aNI fri•nds aro OTaged lo parti¢¥ate in the da1 actMts'BS of the home, esperAalty on significant o¢¢awns as birtlthys and annivetsariès. Resrd8nls' guests are readity accommodated for meafs and are welcome lojoin dentS in a cup of tea or o)ffg9 al any limg. Heartland M8nor Is 8 40 bed Residèntial home set to Ih8 c8ntre ofthe Nvw Forest vllage of BTod(enhurst with dose acces5 to the loc shop5 ar¥J Se$. All bedrcom$ have ensuite balhroom cff shower facilib'es and there is a communal lounge, sunroom. dining room. actiwti.es room and beauty sak)n. The has beautilul mature gardens lor ro$idènt$ lo enjoy a relaxed and mfortIng enyironmeni. Lit0 Ha¥pn 15 a 41 bed Residential and Nurning care home situaled wihin an easy walk from Ihe village shops li Dibdgn Purfieu and is within close reach of wrth its fery uo$sing to southaMptL lat present suspended for repalrsl and extensive facilities. Al bedrooms ha eTrsuite tolet f8tylilie$ with the athjtlional benafft of gard8n vlews. Ther is a communal lowe, dIng room with le. aGtwties rocn. bpr. mome room and a hairdrg$siriJ salon. The hom•, is friendty and relaxed. is s81 in bjre garden5 thl walks, raised garden beds and Comfortable 5eaknng ar$. At both homes cat8ring housekeeping leams prode fv15eN¢es. wl¥lsl kn"t¢henelte$ laundry faolitie5 are mainlained our more ind9pgndent r¢$idents. ResJenls can cknse to enjoy meals in the relaxod 8lmosph8re of the dining or kn the prlvw of Ihwr rc>m. Our seasonal menus and popular themed events providè an opportunity for fesidenls lo socialise. The Chef * each meets with each new resident to discuss their dietary preferences or speual requkemènts. Bthr8ges orKI snacks are also ayadabkn 24 houTs a day. Local GPS 511 and our residents are helped to a TwJe range of trusted wnnmmity seNces. induding Oakh8ven Hospieè. Rosidents also have acc8ss lo the ser¥ice5 of a denlist. chiropodist. and hairdresser. Both homes offw individual care providod by dgdrated * profess ieams. The homeg are able to proTrthd searnless transfer frcxn residenhal lo nwsIj the need Publ1¢ bon•fit Ow ¢are IKgrn0 ¢hariiy for ehjerly peo is dedicated lo providiNJ a safe. nwturlng, and wppth've environment for our reskjenls. ThrowJh our conynbtment to excelknce in c. we slrNe lo enhance the quality ol life lor everyone under our Care. Our seThtyces rw)t meet the physical and rnedical needs of Dur re5iden15 bul also omote soual stAmLAalK)n. and ernotional welkbeing. We believe ihat evory elderfy perBon deserves to li¥E Iwth dignty and SpeCI. our tharity 15 dedicaled to upholding thes8 values. By foslerin9 a sense of community and bek)nginy. we aim lo conJal lOlIneSS and isolation among Ih? eld¥rfy popul". Ojr deth¢alod slaff rngnthrs wcrt trek561y lo ensure that each 811 receives per50nali5ed ¢a and attentn tsth)red their unique needs. Through our charilable efforts. setrk to make a ptisib%* on the l¥es of elderty Nmdual8 in our ¢ommunty. We are committed to transparm. ao))tllty, and c•1uL5 IMpr0ment in all asp90ts of our operntKins.
THE WILVERLEY ASSOCIATION TRADING AS EVERWOOD CARE CHARITY TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORTI (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Social inv•stm•nt poucles are committed to makry a pjSib social thrwh our inNp5tnnts and initiativès. b8liÈve In the power of soaal inveslmant to ueate lastwig and imwo¥e the Ipns of Ihose we sem. strate¢ investmen18 in our Ca f•>'h'$. pffjgr8ms. seAThc. we #im to whgn¢e th9 walty of lrfe for our reSidw5 and (xnlriL¥Jte to the ol the ebjety powalion in our mMunIty. In addthon lo our corè saNices. wg are proud to offer three benevolent fund5 lor indr¥ithJals in need of support with thelr fees. These provide financial assistarKe lo ehlerty people facing hardsh or unforeseen orcumstan¢es. ensurfng that they have a$5 lo the Ca and SUPPLVI they rwwre. By Inve$tmg in this fund. we are able to extend our rèach and help those who may nol otherwL%e have lo the they need. To be efigible for considerathon f as1¥nce residents must have been resident in either Heartland Manor or Little Haven for at18ast 3 yèars and have sought assiStara from other charity organisatsons. A5 income asc¥ibed lo the •nevolent fund's assets is Imil•d. the INsiees ha¥e sot a we8kty &mit tor assistanc. *thich is kept under revivw. Our SOfAal in¥eslmenl strategy is guKled by Jr comrr¥tmert lo transparency. aLrountabil'ty. and ethical siewardship of resources. We continuousty evakHte the ol our inNpslment5 to enswe that they all with our misslon and value$. Through ¢)ur efforts, we seek to rnle a rThJre aThJ o)mpassh)nate Stsety where all eklwfy Indlvlduals are vaued aThJ supported. ofvoluntsern While The As¥rAation ha8 re• tenefftled frryn Ihe of ¥Is. other than the trusteès. lo the extent il would ideally like, it 1$ gratefvl to all lh¢ p¢e who ¥oluntafty giwa th•w valuabl8 tim8 10 ensure that 8eNi¢es and a¢bvllies are delivered to the he$l possiblè standard.
THE WILVERLEY ASSOCIATION TRADING AS EVERWOOD CARE CHARITY TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Stsatqgi¢ rnport The trustees. WIKJ are directors for the wrFV4es rrfcornpany l•w. wesenl their strategic reprrft for ih? year ?nded 31 March 2024, in eomplianc• with s414C oflhe CA¢1 2LK6. Flnanclal rnvi•w Financ4al resutt$ for the year ended 31 M¢h 2024 are sho4¥n in the statement of financial acliwli•s on pag8 11 10 12 with the associaled assets and 1•bIhe5 sel in the balance slel on page 13. Thè statèmont rrf cash Ilows for the year is on page 14. Supporting notes lo the accounts are on pages 15 to 30 and provhdo 8ddilional inlwmatTh to support th8 fryur85 in the man statements. Total incoming resour¢e$ for the year were £4.369,692 (2023.. £4,366.969). rgsourw expended were £5.111.9 {2023'. £5.446.6031 and the defioy"I for Ihe yearwa$ £635.185 I23.. de1 £1.323,598) Poll¢y on m?r¥•• Free ReIveS availatle for use by the Charity are deerned lo be Ihose that are rèadity aliSable, tess fund$ whose use Is reslrl¢led or designatad for pgrticular purposes. Thus. th• calculation of Free R8seryes exdude5 property and other awls that COnnu to be uséd w) thè day-tfyday c¥Jeration of Iho Chty and in partiujlar the buildings uséd by Heartland MaTrx and Lth Ha¥w. AS a mattor of poh'cy. th8 tnTrst8os re9artY revi the of thg reseThw required to be held in wiveslmenls, cash and cash equivalents not r9striOd lo or dosignated for Y particular purpose. Idealy the trustees believe that a General Reserve equivalent lo 3 months, nwnal Charitable expendilure ts needed to provide adequate working capital, to crea18 a buffer l) case ol a suddw) re[ti in r&sth)t numbevs and to 8lkM for ffluctualions in investment retum. On 31 March 2024 Ihe General fr8e reserwès were n8gnrn £92.957. The TTUStee5 are aware of It¥5 and are rtmewing ils ¢urrent dgnated res•DA bne•s so as to rèallocat8 som• funds back to free reseNes as required. In addbtion the tharity has lund5 of .481. (2023.. £2.316.965). The Property and Equipment Fund of £1.542.570 (2023.. £1.351,7461 represents the net boc4( value of flxed assets. which havg been purthaswj wilh unrestricted funds. Thts reSee is locked into the value of the hvo homos and thelr assodated fulures arJ ffllYYJ$ lh8 value Can be rnload only if one or both of th8 homés wèro sold. The Repair5 and Improvement Fund of £23,9]1 P023.. É50.0(M)) is hokl to fund mapr repairs. wnpr0vents and iew81s lo the h¥in ?stat8s at Hearlland Manor and Littt• Ha¥en. The Fees Subsidy Reserye of £915.219 (2023." £915.219) rs a sum set asidp from arye$ I91ve to pTo%ryde lh¢ I8Y AssoL?abon Benevolent Fund IWABF) with a capilal base Ilogether wilh restrict fvlS wi¢h the same oimsl from which to earn irterest all1ng smal weekly grants to be made lo help $w)port any loNJ temi resident who would othenSe nged to move home because of their roduced financial arr#Jmslance$. The Imslee8 will adively manage this reSee to brKe thsadwtw residents with thè need lo make improvements lo the homes. Inveslm•nt poll¢y and obJoctl¥•s The trnstees would idealty like to se• a 4% r•lwn on th• In¥trn, in h9hl of currnnt rnwket condibons and "balanced" risk portfolio. as adwsed by TWA'$ invest1 advlsws.
THE WILVERLEY ASSOCIATION TRADING AS EVERWOOD CARE CHARITY TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 IAARCH 2024 Prlnclpal rSsk¥ •nd un¢wla5ntl•• Rlsk rnanagom•nt As a cafe home charily dedicat•J lo prowdirvj qualty Ca for indwiduals. we recognise the importance of identfyiNJ and managing nsk$ to ensure the safety and welkbeing of oyr Sidls, staff, and stakeholders. Our organisation is cofflrnitted io Mainlag a rcttht risk mgement framec1E that enables us lo pwactive address potential threats and uncertainties that may Impact our Operatn$ and lo rnitigate risk to the charity as a wtrK)le. Some oflhe prinupd risks and urK¢rt•rths thal we acknty and maftag• inolude.. 1. HeaHh and Safety Risks.. En5UriThJ the healh and sakn of Our residents and staff is paramount. have inwlofflgntgd slrin9ent hgallh arKI safgty protocols. infection control measures. and emergency response lo mrtigalg risks related to xod8nts. ilnesses and other healtrelated 135ues. 2. Fbnanaal Risks.. As 8 chaiity reliant on fees gener8lfjd by charilat4e a(i¥its. wg ar• expos•d to ffinancial risks sh as ntUationS in in¢ome, rising opernlional ¢osts. •id ec£71¢ uncrtaintss. W• dos•ly monitor OL finanaal performancé and maintain reser. 3. Regulalory Complianca Risks.. Conwliance wlh regulatory requirements arKI standard5 is essential to our oporations. Wg have established robust gOrnanCe sl(uctWg5. policaes. and procedures to en5we compliant with relevant laws, regulations. and ljest in the carg hm sgclor. 4. ReputatTh Risks. Mntsining a posrtNe reputation is lo our charbty's W¢5. We a¢ti¥ety manage risks relatèd 10 public percepn. $takehohler relalioMlip8. aKJ medo s¢AutY by picth)bng tran¥ar8ncy. ethical conducl. and open commLmication. Our risk manag8m•nt approath r•gular risk assess1$. internal controls. ar¥J CcffltinUo monitoring of key risk indicators. IA engage ryth slakeholdws. seek expert athi¢8. and stay infomwd about efflerging risks lo enhance OUT risk managemenl practices. By prioritising risk Thanagement and adoplwvj a Prothe stm trMarf$ addressbng potential threats, we alm to safeguard the interests of our residents, slaff. donor5. and the wKler communty. OUT ts)mmitment lo effective risk management underscores our dedicabon to dehwirwJ highuty and maintaining the Iru5t and o)nfidence of 011 those w& senm. Key identlfied rl•k• Recruitment remains a chalenge vAlhin Ihe assorialion. BeTrthmarknrvJ of salanes for brAh nurse5 arKI health care assistants is a r8gular admty within thè a$SLtiOn to enswe that we r8rnain competitive. As the prospect of hIgr inflation and the ¢onseguent pressure on salanos ¥KI wages materiali5e$. flgxibilty in stsffing and careful monitoring of slaff b19¢1$ wil be a with. At Heartland Manor and Littte Haven. we benefft from a welestl$hed and commrttsd care team, and we remain graleful for Ihe semces that Ihey provllle. Core staff recruilmenl 1$ a ¢ontinu81 ¢h*le. in adthtion to Ih• departure by mutual agre8m&nl of the CEO. The CEO posl holder left TWA In August, 2024. An Intermn CEO has bè8n found bèan thè organisation for g months. 80th buildings need re9ar enhancement in order to remain appropriate and comfortabbE for our $Ients. The trustees are ¢urrenUy looking al ¢ho$8 impro¥gmenls as part of the stralegic FlanniThJ lor both hoffles. Anton House, property owned by Ihe assoaab.on has been sold. vhmch wll gnable more imFrfOments to be made.
THE WILVERLEY ASSOCIATION TRADING AS EVERWOOD CARE CHARITY TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2024 StruGturn. gov•rnanc• and managemont The Charity is a registered thanty INO. 2379111 and ¥ CoMnY (No. 817104) limited by guarantee. Its registered office is shown on th8 Reference aThJ Administrative Detats page of this rewt. The Charity is govemed by its Memorandum and Artides ofAssoaation adop1 on 26 A$1 1934 as endad by Specral Rgsolulions passod on 30 March 2017 and 23rd FebnRry 2021. R•crullment and •ppolntm•nt oltru•tO08 There are 5 truslees currentty in post. The trustees rwew reglaty the conyJosilK)n of the 8oard. Tr tntees lo)k 81 the bsend of expgrience 8nd sk1118 of al twstees to ensure that these me•1 Ihe needs of the Charity. ythe Vacan ariae. a recwrtment drf¥e is un¢Jertaken. The tTuslees are covered by an indernnty poky. Indu¢tlon and trainlng of INt TTUStees are i&wed with a full Ind1 • indLNJiThJ the ass0(ath wrfomialion pack. an introthjctn to The ertey Associalion. charity Commission fft and woper peTsons fonatiOn. the'h¢JM to. of trustee board meetings and the volunleer handbook. Arr•ngom•nts for ••ttlng key m•n•gm•iit p•v•on•l r•mun•rntk)n The key mana9frmwl personnel ¥fj thg Chigf Exg¢utive Officer and Soft¥ Managgmgnt Tgam. Thglr remunoralions afe sel by the board of truslges. Ory•nl•atlon•l stNctur• The Chief Exe¢Lrtive OffIr is responsible for the day-to-day Magemellt of the Charitys affaws and for implementing polieS most ofwhith have been agreed by the tmstees. The daY-tdaY running of Hearuand Manor and LitUe Haven is del8gal8d by Ihe CEO to the Home Th• 8usift acbvilies arn managed by the CEO and Senior Monag•mMt T¢am wilh tmst•¢ ov¢is4hL The trustees, repNi, indudirwj the drectors #nd sirnlegic r)1. was appmved bythe Board ofTwslee$. MrsC8i Trusts0
THE WILVERLEY ASSOCIATION TRADING AS EVERWOOD CARE CHARITY STATEMENT OF TRUSTEES. RESPONSIBIUTIES FOR THE YEAR ENDED 31 IAARCH 2024 The INstees, wtho ¥e 41sts the ect5 of The wfvert A55co"ats)n for the purpose of CDryany w. we responsible for preparing the Twstees. Report and Ihe finan(ial statement5 accordance with applicable law and United Kingdom ArLounling StaThlards (United KingS)m Generaly Accepted Accotij Practice). cpanY Law r8qur•s the truste8S to fwwcAal statements for ch finanaal y•ar which give a tru8 and fair ew of the stsle of affaits of the o)arilable ¢onw)any of the inMing re8OUrtes and apPIation of ffj8ource$. induding the inccrfne and expenditwe. ol the charitable c0Th¥y for that year. In preparing these finanoal stalements. ts trustegs arg rew1 to.. - s&lecl Suilable 8c¢ounling poli¢ies and then awy them ¢Mststth; - obserye Ihè methods and prinres ii the Charilies SORP., . make judgements and estin)at¢$ that w• reasonable aThJ wudent and - prepare the financial stalements the gory corKem basis unle85 it 15 inapprr4>riale to wesume that the charitable company will ryffitinue in Operatm. The trust8es ar• responsi* Iw ke8ping adequate a¢counthng fe(zrfd$ that dtsdose with reasMoble accuracy 01 Any timè thè finanua pwb.on of the ch81itable Company arnl enable them to ensure that the financial stalement8 compfy with the Companie5 Ad 20C6. They a150 responsible for safeguarding the assets of the charitable cornpany and hence for lakiThJ rea%)nable steps for the prevent and dete1 of fraud and other irregularikn'es.
THE WILVERLEY ASSOCIATION TRADING AS EVERWOOD CARE CHARITY INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE LVERLEy ASSOCIATION Oplnlon We have audited the financAal statefflents of The Ir[eY Assocbathjn lthe'charitable compan) for the year ended 31 March 2024 Wh comprise the statement of finanoal actS, the balance sheet, the slatemenl of cash flows gnd notes lo Ihe finonaal stal•m8nts. IrUdIng signfficant aeeounting polics. Th• ffinanoal reporting framowork th81 has been applied in Iher prePwatrt 15 ¥plicable law and Unilgd ngdrth Acrountrng Slandard$, including FinancAal Reporting Standard 102 The Fina181 RewJth"ng Standalll apFI&b1g in the UK 8Th1 Republic of lrnland (United Kingdorn Generalty Accepted Accountiw PTaraKe). In OUT Dpinion. the finanoal stsltments". give a true and fair ¥i8w ol Ihe stato of Ihe charitstJl• companys affays as al 31 Mafch 2024 and of its ineoming rasourtss and application ol MSreeS. indudwh3 its ineomè aThJ •dtUre, for year then ended.. have been property wep8red wKh United Kirydom G•raI Accepted A(thuntwig Praciic•.' and have begn pPared In a¢cordan¢e with the reqimrenxnls of the Companl&s Act 2006. Bas18 for opinlon We cdUded our wjdil in •¢trAd8rKe wrth Intwn•knd Slwjards on AuditiNJ (UK) IISA$ (UK)) and applicabl law. Our responsibilities under those Standards are further described in the A(Jitorfs Trsponsitslrties for the audit of the finanal statgrnents section of OUT report. We are Wxlependent of the thanlable company in accordance with the ethical requiremenis that are relevant to our a1(¢ of Ihe financial statements in the UK. induding Ihe FRC'S Ethi¢al Standard, and wo have fvlfilled our olher ethical respon$Jiliiies in xcrydance wlth th0$9 requirements. We belieNE that1he authl evldence we ha obtained is $ufficient and oppwiate lo pwde a basis for our opiniw. Concluslons Mlafjng to golng cmctffl In auditiny thE finan(yal Statements. we hab ¢onckKled that the INstees' ustr of going ncern basis of arKounling in the preparati of the financ4al Statem is approwth. Based on the work we have performed. we have not idenlffjd any rnaluial uncertainties relating lo events conditions thaL indmdualty or colleciiv8ty, may cast s1gnffjanI doLknt on th& charitable cfjmpY'S abil1 lo continue as a gn9 conc8m foi a P8fiod of at kast tr81¥6 monlhs from tAh8n thè anCIal statemonts are authorised for iS6ue. Our responsibih'lies and the responsiblf of the trustees wilh respecl to going c4xKem are described in t relevant seclions of this report. Other Infomiatlon Thé other inlomigb.on comwses the infwmatw I19 in the wual report olher than fin)01 $tstgrnenls and our audrtofs report Iheffjon. The Iw$tees a respwsible fw the other infmnation containeil wilhln the annual report. Our Opini on the financial statements t1oes not cover the other intsmatTh and. except to the extent otherwise expl. stated in our report we do not express any fom of assurance ¢0nc4usn thereon. Our respon$ibilty is to read the other informalion and. in (king so, consider whether the other Mlorrnation is malerialy inconsistent with Ihe finaroal statemenis or ow knowledge obtined in Ihe course ofthe audit, or otherwise appears lo be malwialty mis$lated. If we id•nlify sl malerial ip£onsisten¢ie$ or appatenl matwial misstatements, we are qued lo delemiine whether Ihis givès w lo a rnaten.al misststement li thè fin8n¢ial statèmènts thamSèls. If, based on the work we have perfonned. corthde that thwe 15 a Materi mi551alement of this other infom)ali)n, we are requwed to report that fad. have nothin9 to in Iho rewd.
THE WILVERLEY ASSOCIATION TRADING AS EVERWOOD CARE CHARITY INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE WILVERLEY ASSOCIATION Oplnlon• on oth•r m•ll•rn pm¢rfb•d by the C¢mpanl•s A¢t 20DS In our opinion. based the wryk undertaken in the c4)urse of our audit". th8 inlorfflation given in the tru5tees' report finarbiat year whith the fin8nryal $tsl&ments are prepared. Indudes th9 diaor$. rgport the slratryc reivi prepared ftw the wrpo$es of company law. 15 corisislenl wth the finanoal StatennIS, and the stratagic raport and the dw8CtOfS' report inJd fhilhin the trustees. report haN been prepared In ardae with apWiratile legal ruwllrPmts. IPatt•rn )n twhkh affg r•qulr•d to r•portby •xvWlon In the light of the knovAedge and undw5tanding of the chaiitable Ca)mp•ny and it$ enwronmgnt obtained in the urse of tho athlii. w8 have not identified rnatal misslalements in the 51rategic report or th& directors. report inc4uded wthin the tru$tegs' rewrt. We have nothing lo report in respect of Ihe folkTMng mattws m felatim to whh the canieS Ad 21KJ6 requires us lo report to you if. in our opinion= adequate a0unting reId$ havo rh)t b•en kept, or retums adewate for our have not bgon re¢¢vied from branches not wsited by us." or the fmancAal statements are not in agreement the acawnung and rrns.. or certain di5dosure$ of INstee$' rwwneration specified by Iw ¥e nol Made.. or we have not rec41 1 the informalion arthl rnqun fcff our autht. R•spon•5bllitl•• of ¢ru•t••• A8 explained moft lully m the statement ol truslees, respcmsknlrts. lh¢ truslees, who are also the (threctors of the ariiable Company for the pury)ose of eonwany Iww. are wonsibie for the preparation of th8 finanoal statements aThl for being sathsfied that Ihey gi a true and fair and for 5uth intwnal contrc4 as tha trustees detemiine is necassary to enable Ihe preparation of finanoal statements that are free from material misstatement. wh91kr due to fraud or 8rror. In preparing Ihe financia statements, the trustees are responsiblè for assessing 1he ¢haritable Comp15 abilbty to L)nb"nye as a goin9 Concem. di$dow9. 0$ apFli¢able. rnaiter5 related to going concem and using the going concem basis of a¢counts"n9 mles$ Ihe IfU$tegs elther intend to liquidate Ihe carilable tsjnpany or to cease opeTation5. or have M realth altemth but to do so. Audltot• Y•8pon•lbllSth0 lor th• audlt af th• financlal slat•m•nts Afurther description of our rg¥pon$bilibe$ is on the Finan¢xal Rewting Counal'8 7hb$rte •L https:11 W1.1r¢.0rg.uklaYtht0r5r9$pOnbIIitse5. This desupliNI ftyms part of (yjr auditoffs TepNt.
THE WILVERLEY ASSOCIATION TRADING AS EVERWOOD CARE CHARITY INDEPENDENT AUDITOR'S REPORT {CONTINUED) TO THE TRUSTEES OF THE WILVERLEY ASSOCIATION Ext•nt to whlch the avdlt was conslderld c•pabh of detectlng Irregularltl•8. Includlng frnud Irregularrties. including fr8ud, are in5tance5 of non-compliance wlh laws and regulations We design procedures in line wlh our responsibilities, outlined above and on the Fmanual Repothng Counal's websrte. to detect material misslalemenls in respect of irregu18rrtJes, Inl1rj fraud. We obtain and update our understanding of the entty. ils activrties. ils control environment, and likety future (levelopments. including in rdalion lo the legal and regulatory framework applicable and how the entity 1$ Complying with that framework Based on this understanding. we identsfy and assess Ihe risks of malerial misstalemenl of Ihg financial stalemenls. whether due lo fraud OT erTOf. design and perfofm audrt procedures responsive to those risks, and obtain audit evidence that is suffiuenl and appropriate lo provide 8 basis for our ow'nion. This includ89 Consideratn of the risk of acts by the entty that were contrary lo applicable laws and regulations, including fraud. In sponse lo the risk of irregulanlies and n0nvttP1jèn¢* with Iwws and regulations, ineluding fraud, we de8i9n8d procedures whKh induded.. Enquiry of managemenl and those charged with 9ovemance around actual and polentsal liligakn.on and claims as well as actual. 8u$pectetl and alleged fraLKI,' RevIen9 rninutes of meetings ol Ihose tharged wlh govemanee., Assessing the extent ol compliance wth the laws and regulations considered lo have a th'rect maleriol effect on the financi81 statements or the operations of the enlty through enquiry and inspection". Reviewng financial slèlement di8closures and lesling lo supporting dwumenialion to assess compliance with applicable laws and regulations.. Performing 8udrt work over the risk of man8gement bi85 and ovemde of controls. including testing of journal entries and other 8diuslments lor appropn"alengss. evaluating the business rationale of significant transactions outside the normal exjurse of business and revwirp acen.ng estimates for indicator8 of pgtenlial bias. Becausè ol thè inherent limilalion8 ol an audrt, there is a n¥k thal we will not delect all irTtgularities, induding those leading lo 4 mater1 misslolemenl in the finanual statements or noTrcomplianee wth regulation. This risk increases the more Ihal c¢)mpliance Mlh a law or regulation is removed Irom the events and tran88Ctions reflected in the fin8neial statements. as we wll be $S likdy lo bècome aware of inslances of noTreompliance. The rlsk of nol detecting a malenèl misstatemenl resullin9 from fraud is higher than for one resulting from error, as fraud may Involve colluOn, forgery, Intentional OMIan$, misfepresentab"on$, or the overnde of Inlemal control. Us• of our report This report is made sdely to the ehSrrtae company's members. as a boty. in aceordgnce with ChapleT 3 of Part 16 of the Companies Act 20C6. Oui audit work has l)een undertaken so that we might stale lo Ihe charrtatle comp8ny's members those matters we are required to stale lo them in an audrtofs feport and for no other purpose To th& fullest exienl permitted by law. V do not accept or assume responsibility lo anyone other than the charitable company and ts charitable company's member¥ as a body. for our oudrt woth, lor this report. or fof the opinions we have formed. Jon Noble ISenSor Statutory Audrtorl for and on behall ot Azets Audlt Servk•s Chartered Accountants Statutory Audltor Atheni8 House 10-14 Andover Road nche5ter Hampshire Unrted Kingd S023 78S 10-
THE WILVERLEY ASSOCIATION TRADING AS EVERWOOD CARE CHARITY STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR TrIE YEAR ENDED 31 IIARCH 2024 uff•nt fln•nGlal y••r Totsl Total funds X124 ld¥ 2024 2024 24 2023 Inc• d•nd Donalions and lega¢s Charitable activiti.es Inveslmenis Other inujme from: 1,871 4276,075 34.631 52.115 6.871 4276,075 34.631 52,115 19,321 4259,849 88.3 19.7 Tot•1 Incom• 4.364.692 4,369.692 4.366.9 Invèstmènt manag8m8nt costs 9.199 9.199 29.252 Charitable acbvitie$ 5.lJ)5,167 5,053.S¥)5 4.773.342 Loss on disposal of ffixed assets 12 48.892 644,009 Total •xp•ndltsJrn fM3.258 48.738 5.111,9 S.446.603 Net iThxmir#J I loutgjing) resour 1698.5861 (43.738) 1742,304) {1.079.634) Nel gainslllosses) on investrtnts 13 107,119 107,119 1243.964) Not outgolng r••ourcM b•loM transfe (591.447) 143.738) (635.185) 11,323.598) Gr05$ transfèrs between funds 15,1 N•t mov•m•n¢ In lund# 1586.44n (48.738) (835.185) (1.323.598) Fund balances at 1 A1 2023 2.975,180 515,995 ,537 4,051.712 5.375,310 Fund b•l•nc•• •t 31 IA1h 2024 2,388,n3 467.2S7 560,537 3.416.527 4.051,712 The statement offinanaal aNibeS indudes all gains and kjsses recognisèd Mi the year. Al irKome and expenditure delive from blt*s. The statement of finanual adr¥"•S also CLyn&S wth the r8quir8ments for an inc(Mne and expenditure account under the Companiès Act 2006. 11
THE WILVERLEY ASSOCIATION TRADING AS EVERWOOD CARE CHARITY STATEMENT OF FINANCIAL ACTMTIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR fHE YEAR ENDED 31 MARCH 2024 Prforflnan¢l41 y•ar Unmtrbct•d R••trlcted Endoxrymnt fund• funds fvnd* 2023 2023 2D23 Tot41 2023 •nd Donations and legacies Charitsble activities Investments Othw income 14.321 4.259.849 68.003 19.796 19,321 4.259.849 68.003 19.796 Total Incoffl• 4.381, 5.000 4,366.969 ndltvrn on: Investment mgnag8m8nt costs 29.252 29,252 harilablts actiNilies 4.773,342 4.773,342 Loss on disposal offml a5Sèts 12 644,009 Total •xp•ndllur• 5.446.603 5.446.603 Net incomirwJ I IoLttyoingl r850urce5 Net ga(sSes} on inve51ments (1.084.634) (243.W) 5.IXJO 1.079,634 (243.964) 13 N•t outgolng mourco• Ixforn tr•n¥fvrn (1.328.598) 5.0fy) 11,323,598) Il•t mov•ment In fund• (1.328.598) (1,323,598) Fund balances at 1 Awil 2022 4.303,778 510.995 560.537 S.375.310 Fynd balanc•• •t 31 1th 2023 2.975.180 515.995 560,537 4.051,712 12-
THE WILVERLEY ASSOCIATION TRADING AS EVERWOOD CARE CHARITY BALANCE SHEET AS AT31 MARCH 2024 2024 21J23 Flxgd aYJets Tangible assats Inveslmenl opertY Investments 15 2,103.107 752,180 762,324 1.912,283 712,500 1,509.322 17 3,817.611 4,134.105 Currnnt 4•Mts D8btors Cash at bank and in hand 169.888 186.874 285.476 399,P34 472.350 Cr•dltorn: lmounts falllng withln one year 19 {.878) (554.743) Net rrent liabltieS (201.1)841 (82.393) Total a•o•ts ¢urr•nt Il•bMIth• 3.416.527 4.051.712 Capital lund8 Endowment fvnd$. genwal In¢om• fund• Restricled funds reslri De5vJnated funds General unresJKtsd funds 560.537 560.537 21 487.257 515.995 2.481.6 (92,957) 2,316. 6S8.215 2.388.733 2.975.180 3.416.527 4,051,712 The finanrAal stal•ments V•Tre oppro¥ed byth? TrustS M .. .......... aoas. Mrsc TN7t•e combe Company rnglrntlon nun*•r 0081711M 13-
THE WILVERLEY ASSOCIATION TRADING AS EVERWOOD CARE CHARITY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Cash from operntlng actlvlt Cash absorbed by operations 1629.039) 1336,6491 In¥119 actlvltl Purchase of tangible fixed assets Mov&m8nl m investrnents Investment incame receiwd (27S.6(KII 814.438 34.631 127.429) 273,145 68.003 Net cash g•noratsd from Inv•lkng •ctivitl•s 573.469 313,719 N•t ca•h •d In Iln•n¢lng actSvltl•• N•t d•cre•• In cash and ¢uh •qulval•nts (55.570) (22.930) Cash and ¥h equivalents at LwinniNJ of year 285.476 308,406 Ca•h and ¢a*h •qylvahnts •t •nd of y•ar 229. 285.476 14-
THE WILVERLEY ASSOCIATION TRADING AS EVERWOOD CARE CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR TrIE YEAR ENDED 31 MARCH 2024 Ae¢ountlng pollcl•s Charity infvvmatlo The Wilverfey Assty)ation is a privat8 o)rnpany lunited by guarantee irKorporated in England and Wales. Thg registered tsffe is Lit¢ H8rt. B•¥Jh8u Road. Llibdgn Purlieu. Southarnpton. r6et. S045 4JF. 1.1 Ac¢ountlng conv•ntion The financial statements have be prepaffjd m ¥cKdanc wilh thg tharilable COmS governing documenL the Companies Act 21)J6. FRS 102 "The Finnual R•porb'ng sdard aFvlicable in the UK and Repubh'¢ of Ir¢land' fFRS 11rzi and the charli1 SORP "Accounb"ng and Reporting by Charities.. Sklemenl of Re¢ornmend¢d Practicè applicabl8 to chan.ties preparing their acUnts in accordance with the Financial Reporb'ng Stsndard apiCable in Ihe UK and RepublK of Ireland IFRS 102)" (effective 1 January 20191. The thaTitable rompany is a Pubhc eenefft Entty a$ defned by FRS 102. The finanoal $tatem8nls are wepared n stwlTr3. TIMch is the fundv)nal ¢uffgncy of the thanlab18 company. Monot¥y amounts in thesfj ffinancMI We rthjnded to the rnwe8t £. The ffinancial statements been prepwed un hislorica tt (>Jnvertion. modifd to inciLwJ? thF revaluation of investment pffjpert and ¢wl•n ffflarKial inslnffi•nts ai faw value. The prfncipal aco)untirwJ polioes ath)pled are set out below. 12 Golng ¢on¢•m Al Ihe ttime of aFvoying the financi SLeffl. Ihe Iruslees a r•¥wabl• •xp•ctatK>n that the charitable company has adequate reSoue5 lo o)nb"nue in operational existence for Ih? bwsèèable fulurg. In maklng thls assessment the truste&s have taken ol improved trathng perforne 5in¢e the year end, the sale ol the investment pmp•rty and ongoing cost CtrOl measure5. Thjs the Iwslees c•ntts)ue to adopt the going concern of acwil#yJ li wyvig tho staiefflents. 1.3 Charltblo fund• unresth.cled flmds availab use * the (ths(¥etion of thè trugtees in frae of thew charitabl• objectives. Desiyn¥led ftmds comprise funds ¥rtL been set asmlé ai the dis(¥etion of the tnte•s *)r scl0 purposes. Th8 purFoses and uses of the desvJnated fvnds are set out in the note5 to the finanri?15talpmont$. Restricted are subject to sp¢ofic condn$ by doMYs as to they may be used. The purpos•s and uses ofthe restiicled fuNts are set out In thg notes to Ihe fYwKial slaternents. Endowmenl fundB are 5ubJ"e(a to spoofK by donor¥ that the Capal rnust be maintained by the tharilable ccryany. 1.4 InEoffl• Income is regnIsed when Ihe ¢h8ritsb18 camnpany is alY entitled lo it after any performance conditions have been mel, the arnounls w be m&asutsd relkatAy. and il is probablg that incorne will be rerEived. Fee incorne 15 COgnIse(j M) the Ihe ser¥v is WO¥Kl•d. Income frorn government and othw grnnts ts re¢w)Ised at far value when Ihe tharity has entillemenl aftgr any performance 0)nd"on5 have been meL il is prob8t4• that incA)me wim be recerved, and the amount can be measLwed reliabty. If entitlernenl is not met, these amounts d8f8rrèd. Incomè received during the year relating to graits wholy cowww¥J ponlS after year end is hehl as O&ferf$d inc¢)me. 15-
THE WILVERLEY ASSOCIATION TRADING AS EVERWOOD CARE CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2024 Accountlng pollcl•s IContlnu•dl 1.S Exp•ndltur• Expgndrtuve is recognised crfKe there is a legal or constwcbve obligalion to transfer eccfflomic benefit lo a third paty. il is probable that a transfer of economic benefiis will be required in setlement. and the amount ol lh& obligation ¢an be m•a$ured r8lablrf. Expendrture is da5Stfied by acbmty. The costs of each actswty we made up of the tot¥1 of direct CQSt5 and shared ¢))sls. induding support costs invohed in undertaking oath aclfvity. Direct C15 attrtjutatle lo a single actmty ar8 allocat8d directly to that acbvity. Shar8d costs which contribule to m(Ke than one aclmly and supporl costs wlwch are not attributable lo a sin919 acbvty arg apportioned belween those 4ctMties on a basts nsislent with the use of resources. Cenlral stsff ¥e alkxaled on tho basis of time spenl, and depre&atn dMrg&s are abxed port ofthe asset's L4Se. 1.6 T•nylble fix•d #u•ts Tanglble fwd ass•ts ar• iritiaty musured •t rJ)st, n•t ol•¢oliM and impaKm8nt losses. Depreciation is rec4wisad so as lo off th• st or valuat ol assèts l•ss their r8sidual values ov8r the useful li5 on th• fokn¥ing bas•s: Freehohl land and trlldtngs Fixlurgs and line bas1$ between 4 200 arS Strw line bgtwggn 3 and 10 yea¥¥ The gain or loss arising on tha disposal of an asset vs d8t8rrnined as tho difference between the sale proceeds and the Carrylng value of the assel. and is r8cognise(I wi statgirnnl offanCial a(livilies. 1.7 In¥•$tm•nt prrp•ty Inves1ment propety. whith is prowty held to eam renlals for cawtal •ppfyfy8liort. is initialy recogThsed at cost, whith indudes the purchase o)st and any direclty attrulabI8 expenditure. Subsequenuy it is mèasured at lair vak at th• r•porting •rrtl date. $yWus or d•fKiI on rBVakA1Tr is recognised in PTofft or lo55. 1.8 Flx•d a8••t IntM•tsThnts Fixed asset investsnents are wilalY measured at trans¥kn exdLHling saCtIon ¢o$l$. and are subsequenlly measurad at fail ve at each rep(try date. Chang8s in fair valuo are Tecogni58d in net in¢omel(expanditur•l lor th• y•ar. Trnnsacbon costs are exp8ns•d as ineurred. 1.9 Impalmient offlxed amots At ea¢h reportmg end date, the ¢h¥ilth pynpany miw•s thg Cwryiry )unt$ of ts tangible assets lo detemine whether thore is any rticatKJn that those assets have $uffered an impairmgnl b)ss. If any such indication exists, the reo)vernble amount of the asset is estwnaled in order lo delem)kne the exlwl of the irnpairment loss (If any). 1.10 Ca•h and •h •quival¢nts Cash and •quNalèrtts intlLtde cash wi hand. hthl at cau wth banks. otr*r $hort4gmi Ilquid investments wth original maluTities of three months or bess. and bank overdTaft5.
THE WILVERLEY ASSOCIATION TRADING AS EVERWOOD CARE CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2024 A¢countSng polkS•¥ (Contlnu•dl 1.11 Flnanclal Instrum•nts The tharitable company has elected to 74yly the pslOn$ of Section 11 '8asic Financial Instnmi&rtts' and Sedion 12 '0ther Finan(ial Instruments Issues of FRS 102 to al of ts financial inslwmenls. Finanaal in81ruments are reo)wised in the Charilab ¢orhynls baknc¢ sh88t wh•n thg ¢lwitablg company becomes party lo the ccffltradual vfthe vwtrurrRnL Financial assets liatilties are offset. with the net presented in the finamal $talements. when Ihgre 1$ alggalty gnforwble ii9ht to set off the Tecognised amounts aThJ Ihere 15 an tention lo sdtle on a net basi$ or lo realise Ihe asset aNJ s8tt1& the Iwbdity simuhaneou51y. sk fftMncW •tsets Basic finanaal assets, whth indude debtrys arnl cash and bank bal. arg iirflally m¢a$uTod at tran5adion price indu(ng tran5&aion o)sts and are subsequenttry carried at amortised cost using the effo1Ve interest method unless the arrwwJemenl con1J1eS a financing Iransadion. where the transaclion is measured al the presenl value of the ftrture receipis discounted al a ffiaet rate of interèst. Finanoal ag8ets dassrfiod as re¢elvablg within ono year are notamrts'sed. Iln•n¢W libllill•s Basic ffinancwl liabilitie5. ding ¢redrtors are fg¢ognlwl at IransactKJn price wle55 the arrangement StitleS a financing transadion. where Ihe debt instrument 1$ measured al the present value f the future payments discoted at a maFket rate of HilwesL F¥)wcid I[kn&.S dassified gs payabl& with one year are nol amortised. Trade craditors ar8 obligalKTh to pay for senrrtes that been acquired in the ordinary ¢))urse of operations from TPPlIer5. Amount$ pb arg da$$ffied a$ rront liable$ rf payment is due within one year or 11 not. they are presented as Th)n¥currenl labilrts. Trade crgditors are regnISed irfitially al transaction piice WKI Bub5equeth Thewed at amth.sed ¢osl uslng effecth interest methTrJ. Financkil liabilities are der8cognised when the rtharitaile contra¢Aual ob19an$ expire or are di$¢harggd ¢arKelied. 1.12 T*xation The charitabl• company i% exampt from corporakn lax on its dwi'table adr¥ities 1.13 Employ•• b•n•fft• The cost of any unused holijay enbllanent Is re¢ogThsed in tha pwiod in whKh th8 empk>yee's swvices are r¢eei¥ed. Temiination b8nefrts are reccwised Immedkthty as an expense Wh the charrtable company is demonslrabty commrtted to temiinale the fjmpknymw ofan empwe or to provTrde leInatiC beneffts. 1.14 R•tir•m•nt b•n•fft8 Payments to defined conlribubon retremertt bMeffit s¢hamtt ar• charg8d as an expansg as they fall du8. 17-
THE WILVERLEY ASSOCIATION TRADING AS EVERWOOD CARE CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2024 crf111 a¢counllng Mttmt•¥ and ludg•nwnts In the application of the dritable Inpan3 accwntiNJ p)kies, the In18¢5 are required lo make judgements. estimates and assumplNJns aboul the caNyiig armunt of assets and labililies thai are not readily apparont from other sources. The esbmales aThJ asstic4aled 4sswnptson$ art based on hislorul 8xpéTienca and other fa(Ifxs thal we omsttlered to be relevant Aclu resutts may differ from these esb"mates. The esiimates and dertIng a8swnplityw we reviwèd on an ongting bas. Revisions lo accounling estimates are recognised In Ihe peiirA in wh¥ the e5brnate is w5ed whère Ihe rewsion affects only that period. or in Ihe pwiod of the revision fubjre period5 wheTe the reM5ion ahcls both current and futyre periods.
11 i- yi
THE WILVERLEY ASSOCIATION TRADING AS EVERWOOD CARE CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Ch•rltsble wctivl¢l Unmlrf¢tsd Unr•$lrlctod funds fundB 2024 2023 Residential Fees Nurgng Fees Respite and Reabtement Fees 2.891.986 3.187.891 1,351,484 1,038,993 32.605 32.965 4.276,075 4.259.849 Invejtmnts Unr••trict•d Unrn•trictsd fthd• funds 2023 Rental cOMe Inme from listed vestme$ Int•s1 recthvaLqe 11,874 56,129 228 34.631 68,003 Other Income Unrn$twl¢t•d Unreslricted fund• fund5 2024 2023 Hampshlre County Counral Covid Granl Other Income 2.318 17.478 52,115 52.115 19.796
THE WILVERLEY ASSOCIATION TRADING AS EVERWOOD CARE CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR ThIE YEAR ENDED 31 MARCH 2024 InV(Ment management ¢o•ts Unve*trkknd UNestrided fund• funds 2024 2023 Investment rnwagemt fees 9,199 29.252 9,199 29.252 Charltable a¢tlvlll•s Prnfl•lon of Provl•lon of ¢ar• hom car• hom•$ 2024 2023 Slaff co$1¥ Deprguation and impainn9nl Re%dential and nursing car8 Catering Pfemises expenses Genernl Nnnirwj costs 3.801,781 3,488.935 35,883 20,283 53.422 187,321 470.612 291,346 193.192 525.032 3S6.833 4.759.683 4.491.919 Support costs {see nole 91 Govgrna costs (e note 9 270.722 23.500 283.923 17.500 5,053.905 4.773.342 Analy¥l• by fvnd Unrestricted ftmds Restricted funds 5.005.167 4.773.342 48.738 5.053,905 4.773.342 -21-
THE WILVERLEY ASSOCIATION TRADING AS EVERWOOD CARE CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2024 Support co•ts 2024 Support Go¥•mAn¢• co•ts 2023 Go*1• Legal and prOf81¢y191 fees Contractor c15 17.8 251027 17.695 253.027 52.033 211.89) 52.033 211,890 Audil fees 23,5LXI 17, 17,500 270.722 23S(K) 294222 283.923 17, 281,423 10 TN•ts• Payments lotalwvj £nl (2023: £nll) Were made on bahalfoflNst••s in re0 lo CRB cCk$. 11 Efflploy••s The average thty number crf empknyths dunng the ywwas. 2024 Mumbor 2023 Nwmber 116 Employm•Tht costs 2D24 21123 Wages and salaries Social security cos15 Olhpr pension costs 3.376,447 184,720 40.614 3.244.310 197,106 47,519 3.&]1.781 3,488,935 Inded above are agency sts 01£1.197.15S12023A891.484) The kgy manag9rnent pw5n ofts dwrity cornprise the senior management tearn. The total employee benefits, comk¥ising salary and pens•)n In'bUt1$ ol Ihe key management personnel olthe charity were £379,785 (21Y23.. £384.4031. The number of empbyee5 t#hse annual remuneration was n1• than £60.000 is as follows.. 2024 Number 2023 Numb•r £70.001- £80.LM)J The aC1j CEO who was not an WTWoyee earnt uneration ofE191.980 (2023: £145.1451 the year.
THE WILVERLEY ASSOCIATION TRADING AS EVERWOOD CARE CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 12 Lo•• on diipoMI of fix a•••ts Unrnstri¢t•d Unmtrl¢t•d funds funds 2124 2023 Net loss disposal of tanglle fixed a5sels 48.892 844,009 Following a review of the asset gIster during Ihe year. fixed assets of 8 nel book ¥0¢ of £48.892 (2023.. £644.LKJ91 We written off to rel assets d¥Se of orth) W)nger wi use. 13 Net galMllloMMI on Inv•strrnnts Unrn•trlcl•d Unr••lrfct•d luDds funds 2024 2023 Revaluatson of veSneIS (note ln Revaluation of in¥e$tmenl (note 16) 70.919 1106.4641 36,21JO (137.5001 107,119 (243,9641 14 Taxtlon The thanty is exempt fr¢¥n lax and gns fdlng ¥in settn 505 ofthe TaxesA¢X 1988 or section 252 of th• Taxath)n of Chary8aL4e Gain5AL* 1992 tr> th• exienl thatlhese aTO applied to its chaiitabbe objects. -23-
THE WILVERLEY ASSOCIATION TRADING AS EVERWOOD CARE CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONnNUED) FOR THE YEAR ENDED 31 MARCH 2024 15 Tanglbl• Ilx•d a•wts Frg•hobJ FIAlum • bd IArllrflng• Totsl Al 1 April 2023 AdditiLmS DBposals 2.235.484 816.141 137.932 199,559 15.991) {114,2361 2,851.825 337.491 1120.22n Al 31 Marth 2024 2.367,425 701,464 3.CW,889 l>epv•ciatlon and imp¥irment At 1 Apr 2023 Dyaation tharged in tho year Ellminated in respe¢ ol dispos81$ 333,947 605.395 107,940 38,727 (5,991) 1114,2361 939,342 146,667 {120.2271 At 31 Marth 2024 435.8 529,888 965,782 Carrylng amount Al 31 March 2024 1.931.529 171.578 2.103.107 At 31 March 2023 1.9)1.537 10.746 1,912.283 18 InvMkn•nt prop•rty 2024 Falr vlu• At 1 April 2023 Nel 9gins or losses thmugh fair ¥ahJe adw6tment5 Olher changes 712,500 36,200 3,480 At 31 Mai¢h 2024 752.180 Th• fair walu8 of the investment property has been aNi¥e(l at the basi% of the expected sale price as •d¥i8ed by ind8pwwJ¢nl third paty e$tatg *¥nts. -24_
THE WILVERLEY ASSOCIATION TRADING AS EVERWOOD CARE CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR ThIE YEAR ENDED 31 AIARCH 2024 17 F5x•d M••t in¥ttkn•nl• LiBt•d Cash To¢01 Cost or Valua0 Al 1 April 2023 AdditiMs valuab.on changes Investmenl management fees Cash withdrawn Proceeds from sale ol sharns th8nd inc¥)me 1.474,848 34,476 (309,0951 1.509.322 70,919 70.919 (9,1991 (843,121) 19,199) (843,121) 1,102.826 34.403 {1.102.826) 34.403 At 31 Marth W24 752.034 10.290 762.324 fArrylng amount Al 31 March 2024 752.034 10.290 762,324 At 31 March 2023 1.474.846 34.476 1,509,322 18 D•btorn 2024 2023 Amounts falllng du• ¥Athln on• y•ar Trade dobtors Cther deblors Prepaymerts and awued in¢ 142,057 6.184 21.647 168.733 18.141 169.888 186.874 19 Crndltorn: amounts f*lity du• }In ono y•4r 2024 2023 Othw laxalion a1 security Trade creth.lors Olhèr creditors Accruals d8fefred income 49.865 418.082 34.171 368.614 42,630 109.128 77.535 6W,878 $54,743
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THE WILVERLEY ASSOCIATION TRADING AS EVERWOOD CARE CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2024 D19n•t•d fvndty The income lunds of the chanty Indje the foknng desvJnatsd f$ 1¢h have been set a$le out of unrestricled funds by the Imstees for speofK wt)ses." ii•l•n¢• 1 yll 2022 B•l•nu•i 31 •A•Tch 2024 1 A1 2023 •Mpd•d Property and equlpmenl fund F subsitty r•swv Repairs and improvement nd 1,988.609 (636.863) 1.351.746 915.219 915.219 190.824 1.542.570 915.219 (26.099) 23,901 2,953,828 1636,863) 2,316.5 (26,099) 190,824 2.481.690 The property aThJ eqwpmenl fund represents the nel book value of the laThJible fixed asgets held for charitsble purposes less the amjnI ffinanced by elowed funds. sin Ihis fund represents existing fixed osset$ (mainly builthngsl. it fannot CA)n¥0 •asily into cash and th•r•fcrfe rannol be used lo fund other The Fee Subsidy R•sep** has b•efi sèt up to pro¥Kle forfijnds lo awst residènts who ar• unabl• to m•81 th8 fijll cost of the fees. The rgpair and Wr0¥¢ments ILmd represents sgt aside by the trlee5 tcrwards the fmance of spgcial mainlenanco work tdanned rnaiw wnpn)veTrEnts to fa¢lit.
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THE WILVERLEY ASSOCIATION TRADING AS EVERWOOD CARE CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR TrIE YEAR ENDED 31 MARCH 2024 24 Op•ratlng l•a$• cornmltm•nts Al the rep end date the rjwitth company h•J cKJtstsndry commilmenls kn fulure minlmum lease payments Lder nOn-canlIable opernth.ng ase$. wlM"¢h fal due as folows.. 2024 2023 Dne year Between two wd fve yea 15,221 18,834 1&797 26.710 34,055 45,507 R•latsd p•rty tran•xtlon• There were no dis¢losable related party Iransa(aNJn5 in the wior year. Durin9 t1 yw payments of £61.048 were made lo Rhys Petterson who wa5 ¥yointed a Iwslee on 15K)&21r24. Of the £61,048 paKI In the year, £4.256 was paid after bng apFKJinted a Iruste•. 26 fA•h ggMr•t•d from op•r•thJn• 2024 21123 D8fi¢xt for the yaar 1635.185> 11,323.598) Adjuslmenls ftr. Inv8Stment inc reeognised in Sta1•nnI offin•Kial acknvil L¢)s$ on disposal ol tangitAe fwd assgt$ Fair Value gains and Ios8e8 cffl investment Fair value gains and losses cffl investments Deprei>alion aThJ wnpairment of taThible fwl assets 134,631) 48.892 136.200) (70.919) 35.883 {6B.003) 644,009 137,SOO 106,463 20,283 Movements in Wofking capit.. Oecreasellincreas81 in debtors Increase in crethlcrfs 16.986 46.135 (36,1081 182,805 Ca•h ab•orb•d by op•rntlon• (629,039) 1336,6491