Registered Number. 00349309 (England & Wales)
Charity NumÈer. 246570
evENTIDE HOMES LIMITED
FINANCIAL STATEMEI
FOR THE YEAR ENDED 31 DECEMBER 2023

EVENTIDE HOMES LIMITED
INDEX TO THE FINANCIAL STATEMENTS
for the year ended 31 Decembor 2023
Page
c￿nPanY Infomaion
Trustees, Rep)t
2104
Repyt of the Auditors
5t07
statement of Financlal Actiw1￿3
Balance Sheet
Notes to the FlnaKial Statements
10t016

EVENTIDE HOMES UMITED
COMPANY INFORMATION
for the year ended 31 December 2023
REGISTERED NUMBER..
00349309
DIRECTORS..
D. Mason Ichaimian)
R.G. Smf(h F.R.l.C.S.
D.J Evans F.C.A.
M.J. Harris M.B.E.. J.P., M.A.
E.J. Curtis F.C.l.B.
V. Kershaw
R. Davies
S. Sharpe IAppJinled 5 Decemter 20231
SECRETARY..
Mrs. S.A. Hanr8hv
REGISTERED OFFICE.
General Charrtles Office
Old BatrAake
Hill Stre
Coventry
CV14AN
CHARITY NUMBER..
246570
AUDITORS..
Daffems LLP
Chartered Accountan15
Slalutory Auditor8
One EasNvooJ
Hary Weston Road
81nl8y Buginess Park
Coventry
CV3 2U8
INVESTMETrif 8ROKERS'.
Quill8r Chewot
Provincial House
37 New Walk
Leicester
LEI 6TU
SOLIC￿oRs.
Mander Hadley & Co.
1 The Quadrant
Coventry
CV12DW
Page 1

EVEFMDE HOMES LIMITED
TRUSTEES, REPORT
Iln¢ludlng Directors. Report)
for the year ended 31 December 2023
The Directors. who are also the Trustees under charty kw, pwent tl*ir annual report along wrth the financial
statements of the charitable company for the period ended 31 December 2023. The Trustees have adopted the
provisions of Statement of Recommended Practice ISORPI "Accounting and ReportirYJ by CharitLes" IFRS 1021
in preparing the annual reports and financial statements of the charty.
The financial statements have been prepared in aCcord￿Ce with the accounllng poI￿leS set out in notes to the
accoun15 and comply ¥Mth the ¢harity's governing dttumenl. the Charbties Act 2011 and Accounting and
Reporting by Charities.. Statement of Recommended Practy'ce applr¢able lo charities preparing their accounts in
accordance wth the Financial Rgporting Standard applicable in the UK and Republic of Ireland published in
October 2019.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Eventide Home5 Limited is a company limited by guarantee governed by it8 Memorandum and Artiles of
A$sc￿latIOn dated 7 February 1939. 11 is a registered charty, number 246570.
The Trustees (who are also the directors of the companyl seNed durfng the year and since the period end
are set out on page 1. Trustees are app¢inled by the IKard and meet quartedy lo consider any applications In
respect of almshouse vacanci8S.
New Trustees are invrted to attend the s￿retary's office where they will be provided wrth an outline of the main
objectwes and a￿1VitieS of the Charity and the Trustees, role in achieving those obie¢liveg.
RISK MANAGEMENT
The Trustee¥ have Cons￿ered the major risks to which the Chartty i8 exp08ed and have reviewed those rBks
and established systems and p¥ocedures lo manage them.
OWECTIVES ANO ACTIVITIES
The objective and activity of the Charity is the running of a home for the ekjerfy pwple of Coventry and
sU￿oUnd1ng distn'cts.
The TNstees confirn they ttave referred to the guidance contained in the Charity Commission's general
guidance on public ben&ff( when fevievAng the Charity's aims and objectives and in plannirvj future %livrties.
ACHIEVEMENTS AND PERFORMANCE
The Trustees consider the performance for the year to be satisf&tory. The almshouse comprises 12 flats which
were all available for let during year. 28 weeks of voids Ivacant flalsl arose in the year lo 31 December 2023
12022. 100 weeks of voids).
All flats are maintaintrj to a very high standard ￿th regular decoration and refurbishment.
FINANCIAL REVIEW
Total incoming res¢Jurces for the year amounted to £107,880 12022.. £125,562) including ren15 flats of
£82,33312022.' £67,999}.
Total resources expended were £87.098 12022.. £83,445) of which £82,203 12022.. £78,382) reLated to the
running costs of the homes.
The net incoming resources for the year amounted to £20,784 12022.. £42,117). After investment gains of
£30,113 {2022'. losses of £71.3581 the net increase in ftjnds was £50,89712022 decrease of £29,241}.
Page 2

EVENTIDE HOMES LIMITED
TRUSTEES, REPORT
(Including Dlrectorn, Reporti
for the y•ar ended 31 December 2023
INVESTMENT POLICY AND PERFORMANCE
The Investment strategy is set by the Trustees on an annual ba515 and lakes account of demands for fund5. The
Trustees consider the income wuiremenls, the risk profile and investment managers, view of the market
prospects in the medium term. This strategy is set within an overall policy which states that funds should be
invested in low lo medium risk investments wrth a view to ensuring that capital appreciation of the fund exceeds
inflation each year. The strategy is reviewed wf(h the investment managers annually.
Performance
The lolal return on the Charity's investment portfol￿ for the year was 70/a compare(I with that of the FTSE 100
Share index of 7.70/a.
RESERVES POLICY
The unreslricled funds of the charity are separated into ￿uMulated income and designated funds as shown in
note 10 to the financial slalements. The designated fvnds highlight the Trustees, policy to maintain a level of
funds both to generate sustainable income lo meet charrtable expenditure and also to provide for alterna've
future &ccrnmodalion.
It 15 the policy of the Charity lo maintain the accumulat￿ Income fund within unrestricted fijnds at a level
equivalent to approximately one year's expenditure. The available free reserves now stand at £163,915 (note
121.
At the year erKi the charity had total funds of£1,245.09912022: £1,194,202>, ofwhich £389,494 {2022'. £383.8161
relate lo endowed funds and £397,83212022.' £375.39n relate to restricted fund8. The reStr￿ted funds arose
from the transfer of assets from The Charity of F.J.Mills in 2018. These funds are lo te applied Iowdrds repairs
and improvements to the alm8house8 only.
PLANS FOR THE FUTURE
The Tru3lee5 intend to continue the very high standard of rnaintènance of the ilals and make any n￿esSary
imwovements as when required.
FUNDRAISING STANDARDS INFORMATION
Eventide Homes Limrted does not contract to a third party to undertake any fundraising ￿ ils tehalf,
consequenlty we have re￿iVed no fundraising com￿aln￿ during tha ye8r.
TRUSTEES RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS
The Trustees (who are also directors of Evenlide Homes Limited for the purposes of company Lgwl are
responsible for preparing the Trustees, Report and Ihe financial 81aternents in acccrdance with applicable law
8nd United Kingdcffl Accounting Slandwds IUnf(ed Kingdom Generally Accepted Accounting Practice).
Company law require5 the Trustees lo prepare fIn￿GIal statements fc¢ each financial year which give a true arKi
fair view of the state of affairs of the charitable company and of the incoming resources and applicatic￿ of
resourceg, including the income and expenditure, of the charilalye company for that Feriod. In preparirwJ Ihese
financial slalemenls the Trustees are required to..
select suitable ￿OUntIng policies arKI then apply them consistently.,
observe the methods and princi￿eS in thè Charrt￿$ SORP 2019 IFRS1021,'
make judgements and estimates th* are reasonable and wident.,
state whethw applicable UK A¢¢ounting Standards have teen followed, sU*.￿t to any material
departures disdosed and explaingj in the financial stst&nents:
prepare the financial statements on the going concern basis unless it is inappropriate to presume that
the charitable company will ¢onlinue in operation.
Page 3

EVENTIDE HOMES LIMITED
TRUSTEES, REPORT
Ilncludlng Dlrectors, Reporti
for the year ended 31 Dacember 2023
TRUSTEES RESPONSIBILMES IN RELATION TO THE FINANCIAL STATEMENTS {conL..)
The Trustees a￿ ￿PonSible for keeping adequate ￿CountIng records that dis¢lose with reasonable accuracy
al any tirne the financial wsilion of the charf(able company and enable them to ensure that the financial
slalements comply wf(h the Cornpanies Act 20C6. They are also responsible f¢* safeguarding the assets of the
charrtable company and hence for taking reasOna￿e steps for the prevention and detection of fraud and other
irregularrties.
STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the Trustees are aware'.-
There is no felevanl aLKlil information of which the charitable company's audilcKs are unaware, and
Each Trustee has taken all the steps that they ought to have taken as a Trustee in order to maka
themselves aware of any relevant audit inf0m￿li0n and to establish that the auditsys are aware of that
information.
In approving the Trustees Annual Rep(xi, ￿ also apkyove the strateg￿ Report irtlud8d th8r&in in our capacty
as Company directors.
This rewrt has been prepared hamng taken advantage of the small companies 8xemFlion in the Companies Act
20C6.
ON BEHALF OF THE BOARD
D.Ma$on -
HAIRMAN
Dated.. 10th SeptemÈer 2024
Page 4

EVENTIDE HOMES LIMITED
INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF
EVENTIDE HOMES LIMITED
Opinion
We have ?udiled the financial statements of Eventide Homes Limi(ed Ith8 'charitable company'l for the year
ended 31 DeCeM￿r 2023 which comprise the Statement of Financial Actwilies, Balan￿ sheet and notes to the
financial slalements, including a summary of signth'canl accounting poI￿les. The finanGial reporting framework
that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including
Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland
(Unrted Kingdom Generally Accept￿1 Accountsng Practice}.
In our opinion the financial statemenl9'.
give a true and fair view of the state of the charitable company's affairs as at 31 D￿ember 2023, and of
its incoming resources and application of resources, ircluding its income and expenditure, fci tIE year
then ended".
have been proFerly prepared in a¢￿ance ￿th United Kingdom General￿ Awepted Accounlirrfj
Prxtice., and
have tseen prepa￿d ir) acc¢Y￿Ce ￿th the requirements of the Companies Act 2006.
Ba8ls for oplnlon
We condueled our audit in accordance wth Intemational Standards on Audrting (UK) IISAS IUKI and applicable
law. Our wponsibililies under those standards are hjrther descnbed in the Auditor's responsibilrties for the audf¢
of the financial statements section of our rep￿t. We are independent of the charifable company in accordance
¥Mlh the ethical requiremen15 that are relevant to our audit of the financial staternenls in the UK, including th•
FRC'S Ethical Standard, and we have fulfilled our other elhtal ￿pOnsibl1rtIes in accordance with these
requirements. We believe that the audit evmlence we have obtained 15 Suff￿lent and appropriate to provide
basis for our cpinion.
Concluslons relatlng to golng conc•m
In auditing the financial statements, we have concluded that the trustees, use of tho going concem basis of
accounting in the preparation of financial statements is appropriate.
Baged on the work we have performed, we have not identffied any material uncertainties relating to events or
conditions th*, indivKlually or collÉrlively, may e2st significant doubt on the charitable company's ability lo
continue as a going concem for a period of al least ￿1ve months from when the financial statements ara
authoris&￿ for issue.
Our re8ponsiblllties and the responsibilities of the Iruslees with respect lo going con¢ern are dèscribed in the
ral8V?nt sections of thi3 report.
Other Informatlon
The other infomation ccfflwses the information included in the tnjsteas 8nnual report, other than the financial
statements and our auditor's report thereon. The trustees are responsible for the other information contained
within the annual rep)rt. Our opnion on the financial slalemenls does not Gover the other information and, except
lo the extent olherwise exp1iGltly stated in our report, we do not express any fomi of assurance conclusion
thereon.
Our responsibility is to read thè other information and, in doing 80, ¢xnsider whether the other infomiation 18
materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or
otherwise appears to be materially missl*ed. If we identrfy such material inconsistencies ￿ apparent material
misslalemenls, we are required lo determine whether this gives rise to a material misslatemenl in the financial
statements theMSe￿e$. If, based on the work we have perfomed, we conclude that there ￿ a material
misstatement of this other information. we are required lo report that fad.
We have nothiry lo rèport in this regard.
Page 5

EVENTIDE HOMES LIM￿ED
INDEPENDENT AuD￿ORs REPORT TO THE MEMBERS OF
EVENTIDE HOMES LIMITED
Opinions on other matt•rn prnscrlbed by the Cornpanles Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the inforrnat￿n given in the tru51ees' rep￿ (incorporating the direclcKs' report) fcy the find￿la1 year
which the financial slalements are prepared is consistent with the financial stslemenls," and
the directors, repcit has been prepared in accordance with appluble legal requirements.
Matters on vthich we are requlred to report by ex¢eptlon
In the light of the knLwledge and understanding of the Charitab￿ company its environment obtained in the
Course of the audrt, we have not idenb'fied material misstatements in the directors. report.
We have nothing to ￿port in re5￿ct of the followng matters in rel*iOnto￿Ich the Companies Act 20Ce requires
us lo report to you rf, in our opinion..
adequala accounting records have not teen kept, or ￿tumS 8Jequate for our audit have not been
Teceived from branches not wsrteJJ by us." or
the financial statements are not in agreement wrth the accounting r￿ordS and retums, or
certain disclosures of directOfS' remuneration $p¥ified by law a￿ not made,. or
we have not recaved all the infomialion and explanations we require for our audf('. Ix
the trustees were not entitled to prepare the financial statements in accordance with the small companies,
regime and lake athantage ofthe small companie¥, exemptions in preparing the dI￿lOrS, r8POrt and from
the requirement lo pffjpare a strategic report
R￿pOnSIbIlItIe9 of trusto00
As explained more fully in th& trustees, re9pon8ibililies slalement set out on page 3, the trustees Iwho are also
the directors of the chantable company for the purposes of company lawl are responsible f￿ the preparalicn of
the financial 51atemenls and for being satisfied that they give a true and fair view, and f(x Such intemal control
as the Iruslees detenmine is necessary to enable the preparation of financial Slalements that are fr8e frcm
material mis¥latement, vhether due lo fraud or error.
In preparing the financial statements, the trustees are responsible for 8gsessiryJ the charIta￿e company's ability
lo continue as a going concem. disdosing, as applicab￿, matters related lo going concern and using the going
corcern basis of accounting unless the Iruslees ef(her intend lo liquidate the charitable company or lo Cease
operali¢)ns, or have no realisti allern*we but to do 80.
AudIt0￿• re8pon•lbllltle8 for tho audlt of the financlal $tstem8nts
Our ¢t4'ectives are lo obtain reasonable assurance abJul whether the financial statements as a whde are free
from materral misstatement, whether due to fraud or error, and to issue an auditor's report that includes our
opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audf( conducted in
aC￿rdance wrth ISAS IUKI will always delecl a material mtsslatement when it exists. Mis$12tements can aris•
from fraud or error and are considered material rf. individually or in the aggregate, they could reasonab￿ t
expected to influence the ttonomic decisions of users taken on the basis of these finanryal stslemenls.
Irregularities, including fraud, are instances of n¢￿-COmpliance with law5 and regulations. We dasign prccedures
in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities,
including fraud. The specific procedures for this engagement and the extent to which these are capable of
detecting irregularities, including fraud 1$ detailed telow.
Enquiry of management and tho38 charged wth governanGe arour¥J %lual and pjlenlial litigation and
claims.,
Enquiry of entty staff in compliance functions to itsntify any instances of non-comFAiance with laws and
regulations.,
Reviewing minutes of meetings ofthose charged wrth govemance.,
Reviewing financial slalement disclosures and testing to SUPFQrting dc¢umentation to assess Compliance
with applicable laws and regul*ions.
Perfoffning audit work over the risk of management ovwrKle of controls, including testing ofjoumal entries
and other adjustments ft)r apFKopriateness, evaluating the business rationale of significant transactions
outside the normal course of busines5 and revwing accountsng e5tirnates for bias.
Page 6

EVENTIDE HOMES LIMITED
INDEPENDETr￿ AUDITORS REPORT TO THE MEMBERS OF
EVENTIDE HOMES LIMITED
Because of the Inhe￿nt limitaiions of an audit. there is a ri8k that we will not detect all Irregular￿.@S, induding
those leading to a material mi551atement in the fina￿la1 statements or non<¢ynplwnce w(ch reguSalion. Thi$ risk
increases the more that ¢omplrance with a law cr regulatr'on is removed from the events and transactions
reflected in the financial statements, as we will be less likely to become aware of instances of non-COTnpliance.
The risk is also greater regarding irregularffies occurrin9 (Jue to fraud rather than error, as fraud involve5
Intentional concealment, forgery, collusion, omission or misrepresenlalion.
As part of an audit in accordance wlh ISAS IUKI, we exercise professional judgment and maintain professional
scepticism throughout the audit. We also..
Identify and assess the risks of material misstalerrent of the financial statements, ￿ether due to fraud or
error, design and Ferfom audit procedures responsive to those risks. and obtain audit evidence that is
suffici8nt and appropri?te lo provide a basis ft)r our opinion. The ri8k of not delecling a maleriaS
misstatement resuf(ing from fraud is higher than for one resulting from error, as fraud may involve
collusion, forgery, intentional omissions, misrepreserrtalions, or the override of internal contrcl.
Obtain an understanding of intemal control relevant to the audit in order lo design audrt pr￿edureS that
are apprtspriale in the circumstsnces, but not forthe purpose ofexpressing an opinion on the effectiven888
of the charitable Company's intemal control.
Evaluate the appropriateness of accounting policies used and the reagonableness ol xcounling
estimates and related disclosures made by the trustees.
Conclude on the appropnalenes8 of the Iruslees, use of the going concem basis olaccounling and, based
on the audit evidence obtained. whether a material uncertainty exists related lo events or conditions that
may cast significant doubt on the chantable company's abilty lo continue as a going concern. If we
Conclude that a material uncertainty exists. we are requith to draw attention in our auditor's rewi to the
related disclosures in the financial statements or, ifsuGh disclosures are inadequate, lo mojify our oynion.
Our conclusions are based on the audit evidence oblaned up to the dale of our audilc*s report. However,
future events or condibons may cause the charitable company lo cease to continue as a going concem.
Evaluate the overall presentation. structure and content of the financial statement8, including tha
disclosures. and whether the financial statements represent the underlyiro transactions and events in
manr￿r that a¢h￿Ve3 fair presentation.
We communicate with those charged with govemance regarding, among other matters, the planned scope and
liming of the audft and signrficant audit findings. including any significant deficie￿18$ in intemal control that we
identify during our audit.
Use of our report
This report is made solely to the charitable company's trusl88s, as a body, in accordance wth Part 4 of the
Charitie5 {Accounl8 and Reports) Regulations 2008. Our audit work has been undertaken so thatwe might slate
lo the charrtable eompany's trusl*s those matters we are required to slate to them in an avditorfs report and for
no other purpose. To the fullest extent pemitted by law. we do not xcepl or assume responsibility to anyone
Ot￿er than the charitable company and the charitable ccffipany'5 trustees as a bo*. for OUT audit worK for this
report. or the opinions we have fomed.
Geoffrey Cox BA FCA Isenior Ststutory Audilc¢}
For and on behaff of
Dafferns LLP
stalulory Audrtor
One EaS￿Ood
Harry Weston Road
Binley Busine55 Park
COVENTRY
CV3 2UB
Dated.. 1¢yh September 2024
Page 7

EVENTIDE HOMES LIMITED
STATEMENT OF FINANCIAL ACTMTIES
(INCLUDING INCOME AND EXPENDITURE Accoufriri
for the year ended 31 December 2023
Unrestricted Endowment Restricted
Fund
Fund
Fund
2023
Total
2022
114COME
Income from Charitsble Actlvldes:
ContribLrtions frcfn residents
Income from Inve8tmgnt8
Investment inccme
Othor Income
Miscellaneous income
Donati¢￿ from The Genèral Charity
82,333
82,333 87,999
15,287
10.192
25,479
24,962
5,215
27,388
Total In¢omo
97,688
10,192
107,880 125.582
EXPENDITURE
Expendlturg on Charftable actlvlil8•
A¢commodation costs
Administration c03ts
82,203
4,893
82,203
4,893
78.382
5,Ce3
Totsl Expendlturn
87,096
87,096 83,445
Not Incomel{?xpondlturel boforn
g•ln$ and loMo8 on Inve•tmènts
Net gainsl{hMesl on inv8Stmenl assets 7
10,592
10,192
20.784 42,117
18,070
12.043
30,113 171.3581
Net IncomellexFenditurel befoffj Irartsfers
28,862
22,235
50,897 {29,2411
Gross transfers betr￿n fvnds
10
15,8781
5.878
Nel inttJmellexpenditure} being
Net movement in funds
22,784
5,878
22.235
50,897 (29,2411
Re¢onciliats'on of funds..
Total Funds brought forward
435,189 383,616
375.397 1.194,202 1,223,443
Total Funds carried forward
12
457,973
389,494
397,832 1,245,099 1.194,202
All income and gxpenditure derive from continuing ￿tIvIties,
The stalement of financial activit￿ includes all gains and bsses recognised during the year.
The notes on pages 10 to 16 form part ol these financial statements
Page 8

Rogistered No. 1x1349309
EVENTIDE HOMES LIMITED
8ALANCE SHEET
as at 31 December 2023
2022
Notes
FIXED ASs￿s
Tangible
Investments
389.494
786,343
383,618
745,684
Totsl flxed assots
1.175,837
1,129,300
CURRENT ASSErs
Prepayments accrued inc￿8
Cash * bank and in hand
3,042
82,758
2,029
69,895
Total curront a88frts
85,800
71,924
CREDITORS Amounts falling due
thin one year..
Accruals
{16.5381
17.0221
NEf CURREKf ASSEfs I ILIABILITIESI
69,262
84,902
NET ASSETS
1.245,099
1,194.202
Repruent8d by:
THE FUNDS OF THE CHARIry:
ExFendable endowment fund
Restricted funds
Unreslncted income funds..
¢umulaled Income Fund
Designated Funds
Totsl Unrestricted Funds
389,494
397,632
383.616
375,397
11
10
163,915
150,155
457,973
435,189
TOTAL FUNDS
12
1,245,099
1,194,202
These financial statements have been p￿Pared in accord8nce wrth the sp￿la1 provlsions of Part 15 of the
Compan￿5 Act 2006 relating to small companies and with the Unf(ed Kinglom Generally Accepted AcrLJunling
Practice, including FRS102"The FIr￿nG1?1 Rewthng Standard appluble to the UK and Republic of Ireland
d by the Council of Trustees on 1 ￿ Septemter 2024 and signed on ts behaW by..
Appro
CHAIRMAN
]JJl
D.J. Evans F.C.A.
The notes (xi pages 10 to 16 form part of these financial statements
Page 9

EVENTIDE HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023
ACCOUNTING POLICIES
The principal accounting policies adopted, judgement5 and key sources of eslimalion uncertainty in the
preparation ol the financial statements are as follows..
Basis of preparatlon
Evenlide Homes Limited is a charity that 1$ a company limited by guarantee in England. The address of
the registered Offi￿ is given in the charity information on page 1 of these financial stslemenls. Thè
nature of the charity's operations and principal activities are to run a home for the elderty people of
Coventry 2nd the surrounding area.
The charity congtitutes a public benefit entity as defined by FRS 102. The financial statements have
been prepared in accordance with Accounting and Repx)rting by Charities.. Statement ol Recommended
Practice applicable to charities preparing their accounts in accordance with the Financial Reporting
standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting
standard applicable in the United Kingdom and Republic of Ireland IFRS 1021, the Charities Act 2011,
the Companies Act 2006 and UK Generally Accepted Accounting Practice.
The financial slalement8 are prepared on a going concem basis under the historical cost convention.
modified to include certain items al fair value. The financial statements are pre8ented in sterling which
1$ the fundional currency of the charfly.
The significant accounting policies applied in the preparations of these fi'nancial statements are sel out
below. These policies have been ¢onsi$tenlly applied lo all years presented unles9 Otherwise slated.
bl Fund aceountlng
Details of the nature and purwse of each lund are set out In notes 9 to 11. The amounts held in the
designated fund$ are entI￿lY al the disc￿li0n of the Trustees.
In¢om• re¢ognltlon
All incoming resources are included in the Statement of Financial Activities when the charity 18 legally
entitled to the income 8nd the amount can be quantified with reasonable accuracy.
Investment incorne is eamed through holding a$$els for investment purposes such as sha￿S and
property. It includes dividends, interest and rent. Interest and dividends are fully accrued * the balance
sheet date.
dl
Exp•ndltur• r•cognltSon and Irrecoverable VAT
All expenditure is accoLJnled for on an accruals basis and has been classified under headings that
aggregate all costs related to the category. Expenditur8 is recognised where there is a legal or
conslruclive obligation to make payments lo third partie5, it is probable that the settlement wll t
required and the amount of the obligation can te measured reliably. It is categorised under the following
headings..
Cost5 of raising funds includes investment management costs.,
Expenditure on charitable activities includes amounts paid in respect of
accommcdation and govemance., and
Other eX￿nditU￿ represents those items not falling into the categories above.
Irrecoverable VAT is charged as an expense against the activity for whiGh expenditure arose.
Page 10

EVENTIDE HOMES LIMThED
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023
ACCOUNTING POLICIES ICONTINUED)
Allocation of support cost8
These comprise staff and office costs provided by The General Charity. Coventry. The ma'ority ofthese
sts support the almshouse acbvity and are so allocated. A Small proportion of support costs Is
allocated to govemance cost5. The allocation of support costs is made on an estimate of staff time
spent on the activities.
Governance costs
Governance costs comprise all costs involving the public accountability of the charity and ils compliance
with regulation and good practice. These ¢osts include costs related lo stalut¢Jry audit and legal fees
tO9elher with an allocation of support costs.
91
Tanglble Ilxed a38ets and depreclatlon
The long term leasehold land and property is included al cost and sinGe 1 January 1978 has been written
off over the temi ofthe leage199 years). In addition a new healing system in the year will be depreciated
at 5(>fi straight line. Expenditure on other assets is written off as incurred or charged against provisions
previously made in the accounts for the purpose of that expenditure.
h)
Flxed asset Invo8tments
Quoted investments are recogni8ed initially at fair value which is normally the transaction price
excluding transaction costs, Subsequently, they are measured al fair value with Changes recognised
in 'net gains I Ilossesl on investments. in the SOFA if the shares afe publicly traded or their fair value
can olhewse be measured reliably.
Deblorn and credltorn rocelvablo I pay•blo wlthin one ygar
D8btors and creditors with no slated Inte￿$t rale and ￿e1Vable or payable within one year are ￿Orded
al transaction price. Any losses arising from impairment are recogni$ed in expenditure.
Golng ¢oncern
The financial statements have begn prepared cn a going concem basis as the Trustees believe that no
material uncertainties exist. Thg Trustees have considered the level of funds held and the expected
level of income and expenditure for 12 months from aulhorising these financial $lalements. The
budgeted income and expenditure is sufficient wlh the level of reserves for the charity to able to
continue as a going concern.
INVESTMEPff INCOME
Oividend8 and interest
2S,479
24.962
Investm8nl income is made up of dividends during 2023 arKI 2022. Total div¢dend income has been
split befv4een restricted funds and unrestricted funds. with 40.OOA 12022, 40.3Vol being allocated to
restricted funds and the rest ￿Ing allocated lo unrestricted funds.
Page 11

EVEMfiDE HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023
ACCOMMODATION COSTS
202
2022
Water rates and council tsx
Irtsurance
Light and heal
COaning, cleanirYJ materials and garden expenses
Repairs
Depreciation- leased assets
SupFort costs - Coventy General Charity
2,105
2,279
33,824
11,405
13,755
10,335
8.500
3,481
2,CK)8
26,359
10,724
18,861
8,449
82,203
78,382
Accommodation costs relate lo the upkeep of the property in which the residents stay. All of these
costs have been alkxated lo the unrestr￿ted fund in the current and p￿￿dIng ye¥.
ADMINISTRATION COSTS
2023
2022
Bank charges
Audit fee
Accountancy
Support Co8ts- Coventy General Charity
43
1,675
1,675
1,500
43
1.760
1,780
1,500
4,893
5,C63
Support CO8ls of £10,()JO 12022,. £10.0001 wided ty Ihe staff of Coventry General Chartty are
app)rtKin&J on the basis of Staff lime.
Administration costs relate to the njnning of the charitable company. All of the8e coBts have been
all￿ated to the Unrestr￿le￿ fund in the current ané pre￿dIng year.
TRUSTEES REMUNERATION
No member of the Council 0fTrust￿S received any remuneration or reimbursement of expenses during
the year12022. £nil).
Page 12

EVENTIDE HOMES LIMrrED
NOTES TO THE FINANCIAL STATEMEiirs
for the year ended 31 December 2023
FIXED ASSETS
Long tem
leasehold land &
in
Fcf direct charitable purposes
COST
At 1 January 2023
Addrtions
558,086
18,213
Al 31 De¢￿ter 2023
574,299
DEPRECIATION
Al 1 January 2023
Charge for year
174,470
10,335
Al 31 D￿ernber 2023
184,805
WRirrEN DOWN VALUE
31 D￿erntser 2023
389,494
31 DwAmber 2022
383,616
The Trustees consider that it i8 not practicable lo quantify any differen￿ between the market and
carying values of the Charity's leasehold laTrJ and buildings for disclosure in the accounts.
The building is constructed on land which 18 leased from Coventry Cty Council at a peppercorn rent, on
99 year lea8e expiring in 2071., and from The Truste88 of P1sf￿d,8 or Greyfriars, Hosprtal at
peppercom ren( on a 99 year lease exFiring in 2Ce9.
Page 13

EVENTIDE HOMES LIMITED
NOTES TO ThE FINANCIAL STATEMENTS
for the year ended 31 De¢ember 2023
FIXED Ass￿ INVESTMENTS
2023
2022
Quoted investments
Market value 1 January 2023
AddrtDns in year
Dis￿saIS
Gains I (Losses)
745,684
115,979
1105,4331
30,113
942,61Xl
144,184
1289,7221
(71,358)
Mwket Val￿ 31 D￿ember 2023
786,343
745,684
Quoted investments comprise.'-
British Government St￿kS
Other UK Fixed Interest
Overseas Fixed Interest
Equity Investment Instruments
Global Equrties
Other Assets
Unit Tru515
55,856
60.906
31,678
187,403
361,109
66,573
22,818
46,362
30,401
33.787
189,016
337.285
73,787
35,068
786,343
745,684
QLtrJted investrnents representing 5tyA of the pcrtfollo are.'-
Mark
S8C ETFS S&P 500 UCITS ETF
JPMoryan American Investment Trust crt GBPO.0S
89,401
42,950
CASH AT BANK AND IN HAND
2023
Bank current acccunl
Pety cash
Cash held by investment managers
18.314
386
64,058
20,394
376
49.125
82,758
69,895
Page 14

EVENTIDE HOMES LIMITED
NOTES TO THE FINANCIAL STATEMEpirs
for the year ended 31 December 2023
ENDOWMENf FUND
The Endowment Fund IEventide Homes Building) retKe8ents the total crtst of the long term leasehold
land and property less xcumulated depreciation.
10.
UNRESTRICTED FUNDS
Analy8ls of mov•monts In Unmtriet￿ fund•~ current year
Income,
transfers
Balance
1 January
20
ExFenditure,
transfers
Balance
310￿ember
Accumulated income
D88vJnated fund - Rebuikling fund
150,155
285,034
90,521
25,237
176,761 }
116,213)
163.915
294,058
435,189
115,758
192.9741
457.973
Analy•l8 of mov•m•nt• In unrogtrfcted fund•- prnvlou• yeor
Income.
transfer8
Balance
1 January
ExFenditure,
transfers
Balance
31 December
Accumulated incc4me
Designated fund - Rebuilding fund
153,679
390,951
107,128
8.449
{110,652}
{114,386}
150,155
285,034
544,630
115,577
1225.0181
435,189
The R8bulldlng Fund represents a fund to provide for ahternative future accommodation.
Accumulated Incomo represents the free reseNe5 of the Charity and equates to apwoximately one
year'3 exFenditure.
RESTRICTED FUNDS
The Restricted fund has ￿Sen from the transfer of assets fr¢Jm The Charty of F J.Mills in 2018. These
funds wll be applied towards repairs and improvemen15 to the almshouses only.
Page 15

EVENTIDE HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
for the ygar ended 31 December 2023
12.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Analysis of net a88ets betwegn funds- curront year
Tangible
fixed
assets
Net
current
assets
Investments
Total
Endowment fvjnd
Restricted fund
Unrestricted funds..
Accumulated income
Designated fund
389,494
389,494
397,632
314,520
83,112
82,632
389.191
81,283
{95,1331
163,915
294,058
389,494
786,343
89,262
1,245.099
Analy•18 of nfrt I￿0￿ betwogn fund8 - pr•vlou8 year
Tangible
fixed
Net
cuffent
To
Endowment fund
Restricted fijnd
Unrestncted fund5'.
Accumulated inc￿0
D88ignated fund
383.816
383,616
375,397
298.226
77,171
78,430
369,028
71,725
183,9941
150,155
285,034
383,616
745,684
137,5181
1,194,202
13. RELATED PARTY TRANSACTIONS
The company incurred an administration charge of £10,000 {2022.' £10,000} from The General Charty,
Ccventry la Ghanty with common Tru5teesl during the year. The company did not receive a donation from
The General Charity, Coventry in the current year12022'. £27,386). The amount to that Chwrty at
the Feri¢Jd end was £10,00012022.' £nil}
14. OPERATING LEASE COMMITMENTS
Total futu￿ minimum lease receivabÈ$ under non-can￿lIable operating lease are as follows..
Land and buildings..
Within one year
6,784
Lease r￿e1Va￿e8 ￿late to the rental d fl*9 of Eventide Home, Coventry. Flats can be r*umed on one
months noti￿.
15. CONTROLLING PAirrY
The charrtable company is uThJer the control of rts Board of Directots￿rustee5.
Page 16