R•Jrt8Ted Nwnbw. 00349309 (England & IW881 Ch Nynor 246570 EVENnDE HOME8 UMITED PINANCIAL 8TATEMENT8 FOR THE YEAR ENDED 31 DECEMBER 2024
EVENTIOE HOls UIITED INDEX TO THE F114ANCIAL STATEMEMTS forth• y•aT •nded 310e¢•mb•r a124 Cryfyny InfMItn 2104 R•F#Ytaftho Audltors Sto7 of Fkn•nd•lA£tkAI•• toth• FIn•nl Stthrn•nts 10t017
EVEpinDE HOMES LIMITED COMPANY INFORMATION forthe year ended 31 Dec•mber 2024 REGISTERED NUMBER.. 349309 OIRECTORS: D. Mason {Chamianl M.J. Harris M.B.E., J.P., MA E.J. Curtia F.C.l.B. V. Kershaw Dr. R. Dames S. Sharpe R.G. Smtth F.R.l.C.S. IR08ign•J 3 October 2024) D.J. Evans F.C.A. IPa888d 19 March 202S) SECRETARY: 14tr1. S.A. HanrIn REG18TERED OFFICE.. G•nfA81 Charkin Oll• Okl Bobo Hill Shfjt CV14AN CHARITY NUMBEK. 248570 AUDITOR8.. D•ffems Audit Ljmhd Ch•rtw•d AccotnIg Statutory Aud Ono Ea8trwood H•ry Weston Road Blnl•y Bu•lnw P Cov•nlry CV3 2UB INVESThl BROKERS: Qui*er Chovlot Provlnclal Ho• 37 Nthv Wa Lekester LE16TU SOUCITORS: MandEr Hadlty & CD. 1 The Qvadrsnt CVI 2DW Page 1
EVENTIDE HOMES UMITED TRUSTEES, REPORT Ilncludlng Olrector9' Report) for th• y•af Orad 31 Decemb•r 2024 Th8 Directors. vA)o are also the Trustees undw charty kni, present their annual r•port akjno wlth the financiol statefflerrts of lh8 charitab ccffipany for the wiod ended 31 De¢emter 2024. The Trustees havo adcpted the pmwsionB of Statement of Recommended Practico ISORPI"AccounllNJ 8nd ReptIng by Charitles" IFRS 1021 in prewng the reports and financial strnenls ofthe ¢harity. Tr ¢lnancAI $tsternents have been prepored in 8CCOfd8nce wth the accountlng polkth sot i)ut in noteg to th• 8ccounts and compty with Ihe charity's govarning docurnent, the Charitiès Act 2011 and A¢coting and Reporting by Charities.. Statémont of Recommended pract opplicable to charitw preparing thèir accounts sn accordCe with the Financial Rep)rting SIdard aPiCall in the UK and Republ of Ireland published October2019. STRUCTURE, GOVERNANCE AND MANAGEMENT Ev•nld• Horne8 Limited is B company limited by guarant govemed by ts Memornndum and Art of Associath)n dBld 7 Fèbiuary 1939. It Ib a f•gi8ler•d ¢harty, number 246570, Th• Tw8tegs (who gre al80 the dIto of th• company) who ld durwig th• year and sincè the perloa end are Sel on page 1. Ttea& are 8ppoirt•d by Ihe board ond meet qusrtety to cèn8ld¢r 4ny applIcatn• In rospt ol almshouBg vKan¢tg9. Nèw Tru$t488 are invtted lo attend the Sa¢rtsy's offte where wlll bo Provlded th an oulllne of the m8ln Objectiv and actkntiaa ol the Charlty and the Tru8t808' role In achlewro th0 objoctN•8. RISK IAANAGEMENT Th& Truste08 hava con81der the mojcff rkS lo which ChArity h expc4od and hov• r8¥NTh¥ed those rl8ks d 88tablished systgnya and predureS to m•nage thom. OBJECTIVES AND ACTMTIE3 Th• objective and 8cliwty d Ihg Charfty runnlThJ of a hom8 for th• eldety Peop of Conty $urroundlng di8trth. Thè TTUSIe confim) they hAv• relerred lo tho guidance cont81nod In Ihe Charity Commi8$iM's general guKlgnce on publ hnefft when reeWIng th• Charty'$ aims and ot48¢lN&s and In planning fviur$ activit8. ACHIEVEMENTS AND PERFORMANCE Th6 Truste88 Mn8id•r tho performance lor th& y•8rlo satisfactuy. The aknshouse comprws 12 Its whkh wwe all available forlot during year. 26 of vold$ Ivwnt flats) arow in the year lo 31 DK•mbar 2024 12023.. 28 weeks of VOK181. Atl Ilats ar• malntalned lo A hbh stsndard whh regdeCOrat1n and r•furbBhment. FINANCIAL REVIEW Total incoming resourc•8 for the yeaf aMoted to £112.698 (2W23'. £107,880) Iling ronts from flts of £86.10912023.. £82.3331 Tilal resources axp8nded were £94,458 12023: £87.) of whkh £88.274 12023.. £82,203) r•lal•J to the runnlng costs oflhe hornes. The net oncmIng r¢$ources lor the year amount to £18,24012023'. £20,784). Aft•r investment gains of £53.24012023'. gairt$ of £30,113) the net Inca In funds wag £71.48012023.' increase of £50.B9n. Page2
IENTIDE HOMES UMITED TRUSTEES. REPORT Ilncludlng Dlrector8' Rèport) forth• year ended 31 D•cemb•r 2024 INVESTMENT POLICY AND PERFORMAMCE The investment strategy is Set by the Trustees on an annual basi8 and lakes accountofdemands forfvnds. The Trustees consider the Income r8quirem¢nts, the risk profi18 and inveslment managers. wew of the rnafket Pfospects In th8 medlurn tem. This stratew Is Jet wthin an over811 poly wht¢h slatO$ that fiJnd5 5houbJ b invested in ky4 to medium risk investments with a to ensuiing that caprtal appfeciath?n ofthè fund exceeth intlation each year. The strategy is reviewed wsth th• investment manager¥ annually. P•rformanc• Th¢ lotsl return on the Charity'8 investMt portldh) for the y•or w88 9.9% Compared wlth that of th¢ FTSE 100 Share ind•x of 9.8%. RESERVES POLICY Tha unrestricted lund8 ofthe charty $yrat8d into accumul8t8d Incomo and d•s5gla fufids as 8hown In note 10 to tho financial slètements. The de8ign8led funds highlight the Trustees, policy to maintain a level of fvnd9 bolh lo genarate $uslainabLg Income to meèt charIlab 8xpendKur& and 8180 to PiOVKla for aAamaUve futur• accomm¢datlon. It 18 thè pollcy of th• Chortty to ma4n1n Ihe ¢UmULd irwn fund withln unrethcted funds al a level •quivglenl to 4)proximat•ty one yeorf8 0¥pendit. The 8vallablg raMrvo8 now 8tand at £177,225 Inat• 121, Atthèyearend the charity had lotslfundj rf£1,316,57912023'. £1.245,0991, £410,48712023.' £389,494) relalo to endowed fund8 gnd £429,45212023'. £397,632) relate lo re&tri¢tsd lundy. The r8slficled funds gr06e from th8 tran8fer of 88uI8 from The Charly of F.J.MillB In 2018. Th08• fundj ar8 to b• Applied towards r•pal and Improv8m&8 to tha almshou888 onty. PLANS FOR ThE FUTURE Tha Truste8¥ intend to continue the very high •tandaTd gl maintsnBnce ol th• Ilals and mak• necemary improv•m8nl$ •s wh¢n r•quir•d. FUNDRAISING STANOARDS INFORMATION Evenlbjo Hom&8 Limrted does not contract to a thlrd paty lo undert8k• any fijndralolng on rts t4half, c4n¥•quentty we hove no fvndral8lng GomF4alnts dwlThJ th• yaar. TRUSTEES RE8PONSIBIUTIES IN RELATION TO THE FINANCIAL STATEMENTS The TrusleeB (who are also dlrèctors ol Eventide Home8 Limlted for the PUfP0808 of ¢rynp8ny Iwl gr• r•Bpon8ible fcr prepariro the Trus19gs' Report and the finan¢ial statements in accordance th appIabkn law nd UnltJ Kingdom Accounting StandArdJ (Unit•d Kingdom G•Talty Aceeptsd Accounting PracilG81. Company law ro9uir8s the Trust•e8 to ppare fin4n¢ial 8t8temenls foT¥ch financial yeaf which glve a true and fw'r vi6w of the Stale vf 8ffair8 of Ihe charitabl8 ccmpany and of thè Incornfjn9 rasources and applicaknon of reBourc8s, including the in¢cAng and expenditUTe, of tha charitable ¢4)rrpany for th81 p8rlod. In FrfepgrirvJ these financi81 ¥tsl•rnents the Trust•es are reqUd to". *t suitable accounting pol and Ih9n appty them ¢SiStent. cbserye the Mot1d9 and prirKlpleJ in the Chwhies SORP 2019 IFRS1021.' make judgements and estimats5 that are reasonable pnthnL state sthether applicable UK A¢Unting Sland8rd8 hav8 b8en foliuw•d, sublecl lo any materfal dapartures di¥dosed and explained in th• fina81 8iatem•nts.' prepara the financial st•tgm?nis on the golng COncn basis unless It i8 Inapprepriate to presume that tha charitable cornpany 11 continue in operation. p83
EVENTIDE HOMES UMTED TRUSTEES. REPORT Ilncludlnu Dlr•ctors' Reporti lortho year •n(1od 31 DK•mb•r 2024 TRU3TEES RESPONSIBILMES IN RELATION TO THE FINANCIAL STATEMENTS l¢onl...} Th8 Trustees are resp)n8lbh for keeplng adequate xcx)untlng r•cord$ that di8clo8• wlh reasonable accuracy at any time the finanGial positpjn of the charitaU• eompany and enabl8 to ansure that thè Ilnancial 8tst8ments conyty with the Compaft Act 26. They are abo resPs11e for safeguardin9 the os89ts of Ihè charitable conyany hence for tthng rea8onabl8 8tep8 lor the prfi)n and deladon of fraud and other IrregulwitigB. STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDrroR8 So far 8S the Trus1ge¥ are aware'.- Ther? is no rnl•vant audit infonnation of whh the ¢h?nlabk company'g audrtors ar• unaware. and E8ch Tw5tee has taken all the 8tsps Ih8t they ought lo havo takan 88 8 Tw8teo In Ord to mako themsew aware of ony rel8vanl audlt InlcMatlon grKI to e8tat4i8h that Ihtr auditor• are rtr ofthat information. In approving the Tr1••& Annual RepJrt, we al•0 approve lh¢ Strategic Ryrt Included th•r*in In ojr CApadty Cornpany directorn. Th16 repcrt ha8 bogn prepored h8vlng tthen adv•nt¥go c4tho 5mAII companle$ •x8mFlwJn inthè Compan18$ A ON BEHALF OF THE 80ARD D.mIn- cHAIRN Page 4
EVENTIDE HOMES UMITED INDEPENDENT AUDITOR8 REPORT TO THE MEMBERS OF EVEIMDE MOMES LIMThED Oplnbon We have audited tho financial Stateme cl Evsthde HO Lkni8d (the '¢harltabb ¢ompary'l for tha y•ar onded 31 December 2024 whch oynprise the Statem8rrt of Flnancol Activth8, Balanc6 sheet and notey lo the financial statements, including a 5urnmary of signrficanl accounting pollcias. The ffinancsal reporting thal has bn applied in their PreParatan is applicable and United Kingdom Accounlng Stsndards, including Fknanch?l Raporting Standard 102 The Fin8ncial Rowting Standard appIab in tha UK and Republ oflr•l•nd IUnit8d Kingdom General Acc8pted Accounlww Pracli¢•l. In oui opinion th8 finda1 Stat.. gNè * truts and fair vw ofthe 8tsle ofthe charflable company's gffair5 B8 at 31 D)ber 2024. of s IncomiryJ resourw arwj aPF4kalkin of reurC8S. includirvJ h$ IncLNnè and expenditure, for tha ya8r than ended. have been property ppared In accord8n¢e wth United Klngthm G0nmI Acc•pt•d Accounting Pradice,. 8nd hav• boon prep8rJ In accordono•with thé rtquhm•nls cl the CompanlB8 Act 2Cth. for oplnlon We condvcted our audl in cc4xdanc• with Intomational St8ndwd$ on Audldng IUK) IISAJ IUKI 8nd gpplkb Lqw. Our mpon8ibilrtie8 under thoso $tandgrd8 8re lurther deBcribed in th¢ AudS10rfs responsibrnlliss forlhg audtt of the Ilngncl81 $l&temonts 98clkn of our report We arg indeFendenl of the chontabl• company In a¢wdance with the ethirAI requiremants that are Televant lo our of the flnaneial statemonls In the UK, Includlnp t FRC'S Ethkal Standard. and we hav• fU1d our other etht¢81 responsibilities in fKcord8n¢¢ with the1• r•quirmnts. Wa belleve that tho audtt •vidanc8 w• have obtin•d 1$ sufficnt and approprKgte lo pThiJ6 baBi• for our oplnlon. Condu•lon• r•latbng to golng ¢onc•rn In auditing th• ffinancial #tatements, w ho condded that fv trust•8B' UD• of tho golng ¢otK•rn b10 of ¢wnth'ng kn th• pryratbn ol tho financi•l st8tnI0ls apprcprlat•. Bo8ad on th8 WLYk we have yrfomi•J, wa havo ncrt idenlifbd •ny materi81 Uncértain8$ reLqknng to events or rLJndrf(Kfis that, ind•dUS1fy or collective, may cast $¥nifunt doubt on tho charttoble Comp,8 abllty to continu• gs a golng concgm for a porfod of 81 kn88t tsvolve mcfth8 from when the fina181 81alomonts •r• •(Ihori¥od ft>r isBuo. Our r•41onsibilrtiw gnd the resp0mbi1ll of thg truiteoB wkh Ittpt to going conc•m Are d88¢rW In tha r•k8v•nl 6•Ctiw$ of this report. Oth•r inform•tlon The other inlormation ccvrprLqeB the inforrnation Included in the trustees annual report, other than the fflnandal $tsterwts and our audrtorfl report ther•on. The trustees are r•sPonsib for thè other Informat COntned hln th• 8nnual repjrt. Our opinlon on Ih•finan¢ial 8tatThnts d088 not cover Iha other informalkn 8nd, •xceFI to the éthnl clh•rwls• •xplKrtty statod In ¢wr Mpcrt, w• do not •xpreis any lom) of asBurBnco o)ncfu8lon thereon. OUT Teswsknilty li to real th• oth•T infOmwtn and, in doing so, whether the other 1m8110n bl materially inconsislenl whh the flnancial statemants or our knowledge obtsined in th8 course of the audit or ¢*terw188 apyars lo be matsriaity mk8statsd. 11 wo idanlfy suth material inconsisl8ncie5 or apparent material mis5Lknenls, we we requlred lo deternine Whetr th gNes rise to a materlal MsStatneftt in the fan¢(al statemts th1Ve8. If, b88ed th? we¢k we have perfcYm8d. we cCce that th9re is a materi•l mSsstatement ofthi5 other infomknn, we are required to reFQrt Ihatfact. We have nothing to report In this regard. Page 5
EVENTIDE HCMES UhlTED INDEPEMDENT AUDITORS REPORT TO THE MEMBERS OF EVENTIDE M£s LIMITED Oplnlon$ on other mattern pr05cril> by th• Compani8s Act 2006 In our opinion, based on the worf( undertaken in the cours• of the audit.. the informat gn in the tnJs¢ees' rewt lincorporatin9 the directors, Port} for the financid yw f which the financMI statem8nts aro pPar9d 1$ conststant with the firi8nckg18tatement$,' arKI the directors, report has been prepared h acc(danCe wrth eppli¢8ble legal requiremenls. Matt•rs on whlch w• •rn r4qulr•d to r•port by •xc•ptlon In the light of th• knowledge and Under5tsndI of the charitabl8 MpanY and rtg envkonmenl oblain•J n the COUT¥8 of the gudrt, we have not entj material miBslalements in the diredar5' raport. We h&v6 nothing to report in rpectthe1fjng rn8tt•rJ In relation lowhich tho Cc¥npanlesAct20LK requir8B U8 to report to you if, in our Opinn.. adequate accounting racords have not b8en kopL or relums ad•quAt6 lor tsjr •Jdit ncl toon r8c8ived from branches not v+sttod by us.. or tho financial slatements are ncl in reement wtth th? accounting r8cord8 and rthAn8; cf certain disclo8ur•s ol direetors, r8mun8ralion spe¢lfied bylaw are not m8de'. or Wg have not received JI Ihe information and 8KplanatKJns we require ts our 8udit,' or the trust$ wer• not anlitkgd to prepare the finaral 8tslwn8n18 in accordance with Iho 8mall ¢an[al, regirne and lthe 4dvantog• ofth• $ml£ompanIes, exemptions In waparin9lhedireclors' rep1 and frcffl the requiremgnt lo prepare a Jtrat•glc rnport R••ponslbllltlM of tru•t• A8 oxplained mrts ful In tho trustees. reBpon8lbllitie8 8talem8nt set out on page 3, trustee8 (who are 9180 tho dlrectors of the charitablo ccmpany for the purposes of company law} Jro ro$pon8ible for the prepuratitsn of tho finand81 stat8ment8 and for b•ing 8olhlled that they gN• a true and fair vtéw, 8nd for 8uch intom control thè InJ81ees det•rmln• Is n&ary to enablo tho prep8rglton of financial Bl•tements that are fre• frorn m•tsrd mtsstst•menl, wheth•r to fiaud cff ernor. In prarIng the flnanckgl Bt8lewKnts, the Iru•tè88 arè r•8pOnsIb for aBBs]ng th• charitatJl8 company'• abilty to conlinu• 0$ a 90ing concem, disclosing, •J #ppl#b1e. matters related to golng concwn and u8lng tha ojlng coneem ba81s of a¢countlng Unl the trlee5 thOr Inlond lo IkuKlate th8 chafrtable company or to ceaBe oporatvjni, or hav• no rn4l8tic aft•rnatl to do io. Audhor'• rPOnsIbIlItI•m for th• audlt ol th• fln•ncl•l ¥tat•m•nt¥ Our objertN•8 arn to obtaln reaBon8bb •Bsurance about whether the flndnci•l 8taternnl$ •$ a wholè r• frno fmm matedal ml$st8t8m8nt. wh•th•r due lo fraLxI or èrror, and lo i$$ue an audil0rf5 TeP¢rt that includes our oplnion. RSonae assurance 18 a high l•vo1 of assurance. bul is ncl a guarantee that an audit wwJu¢tad Iri accordanco with ISAS IUKI wll ahay$ deted a m8t¢rial misstatement when rt ast8. Misstoternents Can ad8• from fraud or error and are conBldered mbtsrfal If, IndlvJually or in the aggregate, Ih•y ykI raasonably be pected lo influonc8 tha Oconomic doci5ions ot u$•rn taken on th¢ basis of these linanciol SlatontS. Irr4ularli•s, includlng fr8ud. 8re In8tance8 of non-compli?rKe wtth and regUlOn8, dwign pNK8dur•$ in line ¥¢h OUT POnSIbl1rts, oullined above, to dete¥t rnat?rBI mr48tatemenls in re8pect of irregularitm, Includin9 Iraud. The 8pe¢thc prct8dur8s fc this èngagw)ent and the extsnl to whh th66• arg capable of detecting wrewLiriI$, Including fraud is d¢tail8d balow.. Enquiry of man&aemenl and those ¢h•rged with governan¢e around actual and pctsntAI Iligaiion and claThs', Enquiry of entity st8lf in complianco funciwxs to identty any inst8ncw of nonrycompliance wth and regulatton8', Reviewing Thinute$ tsf me8llng9 oflhrjse Charged with govemance., Rww4ing financtal statsrrenl diycto¥ure8 and t•sling to SLSPPOrting d¢tumwt8tion loassess ccfflpric0 with apabl laws and wulatKJns. Performing audit work ovw tha rrak ofmartagevnent ovwrlae c¢onlrols, including le&ti olloumol•itries and othw adjus¢ment8 for approprwt•ne53, evaluating the t$*neSS rtionale of svJnifKanl tr4nsadons outside the noThnal course of buwngs$ and reviewing acrounling es1irngt¢s for bias. Page 6
EVENTIDE HOMES UMITED INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF EVEpinDE HOMES UNITED Becaus& of the inherent limitat)n5 cl an oudit there is 8 risk that we will rt detect all wrgJularitie8. including th088 leading to a maierial mi55tatemont in tha fmanckql slaternents or non-c0118n¢e whh regulation. This risk increases the more that compliance with a law or regulat is removed frw th8 ov•nts and transactN)n8 renected in the financral slatements, as %st4 will b818ss lthely lo beccffle aware of instsn¢cs of n-cUpl10ne$, The risk is also greater f8garding irregularities ttcurring dlbe lo fraud father than err, as fr8u¥J invofves intention81 concealmerrt. forgory. c110n, omis5n mlsrepresgn¢o1ic. A6 part of an audit in accordance with ISA8 IUKI, wè 6X8WAse profe¥8ional judgrnenl and pM110nal 8ceptusm througho¢Jtthe aart. We also.. entfy and assess the iisks of maledal misstatementof the finaal statements, whetherdue lo frlud or efw, d8sgn and perform audK proeAdure5 re8pon8ive to Ihose risks, and vbtain audit evidence that 1$ sufflent and wpropriae lo provide a basi8 for our OpIn. Th• risk ol nDt dat•¢ting a materi mi$8tatemenl resuttlng from fraud 15 h¥her than for one reSUn9 frcm error, as fraud may InVoe co1$10. kngery, intantbnal omlglions, mlsr•pr88•nl•tSons, or the override of Intemd control. Obtgin an understanding of Internal control relevant lo tha oudil In ordor lo d8slgn audit proceduw th•t are appropriate in the circthislanc•8, but notforthe purpo80 Olexpaln9 an oplnK)n thg off8cINona oftha charilabkn company's Internal contrd. Evaluate tha 8PPT¢¥>r&•ten¢s8 01 occountlng pclicles u8•d th• rffi•onabkn•Bs of accountSn9 osllmaiee and rol•tod diBdo•ur•¥ mod8 by the tnMlee8. Condud• on theoppToprfat8nty ollha tru8t¢•s' use ofth• going concem baswa of 8ccaunt(ng and, baj on the audit •vidCe obtained, whether a rnaleri81 unc•rtohly a8t8 related lo ev•nls or ccndrfons that may cast 8ignff¢ont doL>l M th• choritabl8 cornpany's ablltty lo continue as a 9¢4ng conc. 11 we conclude thal a matedal uncertalnty èxi811, arn reqUIr lo draw attenlion in our audhorf8 rwrt to I r•latsd di8cb)8L¥eS in 1h8lknanci81 statements or. Lf8u¢h d(8chJsures Inadequat8, tomothfy ourlnknn. Our¢onclusion8 are basèd on the audit evidence obtaSnod up lotho datv ofourauditorfs report Howover. luturo or conditi8 may c8u&8 tho charrt8bl8 coryony to ceaje to ¢onllnue 88 a going concem. Evaluate the overall prosentatlon, 8twcture and conlenl ef the flnanclal 81tements, in¢ludiw the di8ck>6ures, and whether the financial Statents rgpros•nt tho undatying IranB8Ction$ and gvenis In • mannarthat achkWe8 falr pr•8•nlAtion. We communk8t¥ wrth those chwged with g0manCe regaiding, wnong other matters, the planned BCOPe and timiro of th8 audit and BignMc8rrt audit findlngs. including any SvJnrfènt deficlencios in intemal c1 that we donltty durtng ow audit. UM of our r•port Th16 report 18 solety to th• charitable company's Iru8te•S. 88 a bcdy, In acc¢)rdance with Pgrt 4 of the Charrties IA¢¢ounts ond Repts) RegulAtioM 2008. Our auditwork has been undert*on solhatwe m&ht slate lo the Charitab company's trustees thoBe mattèrs are required to $tal&lothern in an audrtor's rort and for no other purpose. To th• fullest extent pemthed by Lqw, we do not accept or aBSuma r88ponsibility to anyonfj othér than the charitable coTrpany and the charitable companys tru8tees 88 a body, for our audit work. for thlB report. orlor1 opinions wo have formed. Geoty Cox BA FCA IS6nlor Stalutory Auditorl For and on bahaw of Dafferns Audit Limited Slatulory Auditc¢ One Eashvood Harry Weston Road BiThlw Business Park COVENTRY CV3 2UB Joa5 Pagg 7
EVENnDE HOMES LIMITED STATEMENT OF FINANCIAL ACTIMTIES IIMCLUDING INCOME AND EXPENDITURE ACCOUMn for tho year •ndgd 31 OKombor 2024 UnrostrfGbJ Endovmont Roslddad 2024 2023 INCOPJE In¢om• from Charitable ActlvStlM: Conlribuknons Irom resldents In¢om• from InvMtmenl• Inveslmonl incow Qthor Inc¢)m• Miscèllanooug Incomè 86.109 88.109 82,333 15.767 10,524 28,311 25,479 278 278 68 Total Incom• 102,174 10,524 112,898 107,880 EXPENDrruRE EVnd110 on Ch•rhabh •ctivitl•• A¢¢cfflm¢)Jabon CA)S AdminlJtra1c costs 88,274 8,184 88,274 82,203 8.184 4,893 Tfrtal Exp•ndltsJrn 94,458 94,458 87.096 N•t kn¢gmrf•xp•ndltur•) b•lor• gnI •nd lam•• on 1ftvtm•n1• N8t 901n(lOSIos) on Inveslmont a88Ot8 7 7.718 10,524 18.240 20.784 31,944 21,296 53.240 30,113 N•t Incomèl(•xp•nditurfjl bth transfer8 39.e80 31,820 71,480 SO,697 Gro88 transr6 beh¥e•n fun 10 120,9931 20,993 N8t incoMWI•yp8nduTo) belng Net In0ment In funds 18.887 20.993 31,820 71,480 50.897 Reconc1118tlon of fund¥.' Totsl Funds t)rought fory 457,973 389,494 397,632 1.24S,099 1,194.202 Total Funds wied fovwd 12 476,640 410.467 429,452 1,318,579 1,245,099 All 1me 8nd gxpeThlllure derive from continuing actNitl. Th• slatemenl of f6n•nclal activit188 In¢ludo8 all 98ln8 and roc(Jnisod during the year. Tho Th)tes on pages 10 to 17 fom part ofthe8e finarKlal statements PaBe 8
Regl8t•r¢d No. 1x1349309 EVENTIDE HOMES UMITED BALANCE SHEET •ts at 31 Do¢•mb8r 2024 FIXED ASSETS TgI19 In$trn18 410.487 872.667 389.494 786,343 Total Ilx•d aBset• 1,283,154 1,175,837 CURRENT ASSETS Prepayrnenls and accrued inconNI Cash at bank and hand 3,171 39,341 3,042 82.758 Tt)tal cuvrgnt •M•t• 42,512 86.8 CREDITORS: Amounts faling du• within oné y•ar. AwualB (9,08n 116,636) NET CURRENT ASSETS I (UABILmE81 33,425 69.282 NET ASSErs 1,316,579 1,246,099 R•prnMnt•d by: THE FUNDS OF THE CHARITf: EXp0ndab endowm•nl fvnd Rè&tr(Gied funds Unre8lricted fund•.' Accumulatgd Incomo Fund DeJignat•J Fund• Tot•1 Unr•8tricted Fund8 410,487 429.452 389,494 397,832 11 10 177,22S 41 163,915 478.840 457,973 TOTAL FUND3 12 1.318,579 1.245,099 These finarKial statements have been prw8red In accordance wtih th¢ Special pS)n9 ol Part 15 of the cpanIeS Act 21XB reL8ting to small Mrnpanies and with tha Unit&J Kingd¢Jm Generaly Accept•d Accounting Pracllce. incluthryJ FRS102 Tr FlrArdal RPing Stend8rd 8pplkaL4e to the UK and Republt of Ir410Th1°. . and on ft8 b•haifby'. Approved yth8CouncilofTru8ts0$0n.............. . son MAN Dr. R. Da rths on pagés 10 to 17 form part oflhw fina11 statwna Page 9
EVENllDE HOMES LIMtfED NOTES TO THE FINANCIAL STATEMENTS forth• y•ar ended 31 D•c•mb•r 2024 ACCOUNTING POLICIES The princpal accounting policies adopted. judgements and key suur¢•s of estimats'on unCenty In tha preparation of the financi $tatsm•nts are as fo11ts.. B• ol prnparatlon Evenlide Home5 Limited is a charty that is a company limited by guarantee in Engl8nd. The addr8 of the feglslered office is given in lh chality Informatlon on page 1 of these linanci818talemenls. The n8tur• ol the chanty's operations 4nd principal activities are to run a home for th• gklerty pèopltr of Coventy and lh8 surroundSng area. Tha chanty constitutes a publlc bengfft entty as defined by FRS 102. Tho financial Statements hav• bggn prepafed in accordanc8 with Acwjnling and Reportlng by Charities.. Statement of Recommended Practico applbcable to charili&s preparing Ih8ir a¢¢ounts In accordance with tho Fln8ncial Rgporting Standard applicable in the UK and Republic of Ireland sssued in October 2019, the Financial R•porting Standard applICab In the Unrted Kingdom and Rapublic of Ireland IFRS 102}, the CharilE$ Act 2011, th¢ Compani08 Act 2006 and UK Generalty Accoplgd Accounting Pra¢lk•. Tha financrdl ltslements are PTgpar¢d on a goln9 C47nc•m ba818 under t hl$lorlcal coBt convtsnlion, modild lo in¢lud• certaln item$ 8t lair value. The finonGial 8tatements gre prnJ8nled In slerling vthkh Is the funcilongl GU6n¢Y of the charfty. The SIgnlCant accounllng pollclos applled In tha prèpMr8tlong of th8B• flnanckgl stom•nts ar• $•t out bel¢yw. The18 polic5 have en ¢onsi51enlly appll8d to all years Prent•d unless otherwise slated. bl Fund •ccountlng 08ta118 of the nalure and purpose of •xh lund aro sel out In ncl89 8 to 11. The Jrnounte held In the desynated funds are entirely ot the dkrycretlon Df th• TruBte68. cl In¢om• fagnItIon All incomlng re$ouro•8 are Induded in th• Statement ol Fin8n¢i41 AclNilles wh•n the charfty l• kngalty •ntitlad lo the incom• •nd Ihe amount can b• qu8nl1rd wilh fea$on8bl• •ccurn¢y. Inve8lm•nl i1me 18 ewned through holding a$s•tB for investment purp)Bes Such as share6 and property.11 Includes dlvldend$, Inlèr•8t and rent. Intefejt 8nd dNidond8 ar• fulty accrued al thè balanc8 •heet dqte. d) Exp•ndbtur• r•cognition and Imicov•rnbl¢ VAT All expendiiure is accounted for on an accruab b3818 and hos been cla8srfled under haadings that gregate 811 costs related to the catsg¢Jry. ExpendTtur¥ is T•cognised where there Is a 18981 or construclive obligallon lo make payments to third parties, (( 1$ probable th81 the settlement will be requlred and the amount of the obllg8t*Jn ¢an be measured felbty.lI Is ¢at8goriged vnderthg following headings.. Cost$ of raislng fvnds includes Investmeni man&Jem8nt costs., Expenditure on ch8ri(able activille8 Includ85 amounts paid in respect Lrf accommodBtlon and governanc•.' and 0th8r expenditur• f•Prn88nts tho>e item¥ not falling irto th8 ¢ategorie8 abo. lirecoverable VAT 1$ chargad as an expense agalnst Ihe aCtty for whKh expenditur• arose. Pago 10
EVENTIDE HOMES LIMITED NOTES TO THE FINANCIAL STATEMENTS for the yoar ended 31 December 2024 ACCOUNTING POLICIES (CONTINUED Allocatlon of support cost8 These comprise siaff and office costs provided by The General Charty, Coventry. The majority of these cos15 SUPPOrt the almshouse activity and are so allocated. A small proportion of support costs is allocated to governance costs. The allocation of support Costs is made on an estimate of staff lime spent on the tsvo activitie5. Goveman¢o Costs Governance costs ¢ompris8 all costs involving the public accountability ofthe charity and its compliance with regulation and good practice. These costs include ¢osts related lo statutory audit and legal fees together Wlth an allocation of support costs. gl T•nglble Ilxed assets and deprnclatlon The long term leasehold land and propety is in¢luded al cost and since l January 1978 has been written off over the term of the lease199 years). In addition, new window5 in the year will be depreciated al 5% slraighl line. Expenditur8 on other assets is written off as incurred or charged against provlsions previously made in the accounis for the purpose of that expenditure. h) Flxed 4980t Invo8trngnts Quoted investments are recognised initially al fair value which Is normally the transaction price excluding transaction costs. Subsequently, they are measurtd al fair value with changes reco3nised in 'nel gains I (losses} on investments, in the SOFA if the shares aré publicly traded or their f8ir value can otheIs0 be measured reliably. Debtors and crodltor• receivable I payable wlthln ono year Debtors and creditors with no staled interest Tate and receivable or payable within one yearare recorded al transaction price. Any losses arising Irom impairment are recognised in expendrture. Golng concorn The financial statements have been prepared on a going concern basis as the Trustees believe Ihal no malgrial uncertainlie5 axist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is Sufflent with the level of reserves for the charity to be able to continue as a going concern. INVESTMENT INCOME 2024 2023 Dividends and interest 26,311 25.479 Investment income is made up of dividends during 2024 and 2023. Total dividend income has beén split beeen restricted funds and unrestricted funds. with 40.0%12023'. 40.0%) ing allocated to restricted fund5 and the rest being allo¢ated to unrestricted funds. Page11
EVEKfiDE HOMES UMITED NITr5 TO THE FINANCIAL STATEMENTS forthe year ended 31 Decembor 2024 ACCOMMODATION com 2024 023 Water fates and council tax InsurCO Light arKI heat Cleaning. cleaning fnaterialB and gwden 8yporffje8 Repairs Deprewtkin- leased assets Suppcrt CC418- Coventy General Ch¥ty 2,112 2.487 2S,494 11.820 26,547 11,314 8,500 2,105 2.279 33,824 11,405 13,755 10,335 8.500 88,274 82,203 Atte¢allon costs rela1• to th• wkeop oltrw pro In whkh th• resKlont8 AJI dth61• st8 ha¥6 been allocat•d lo th• unrestrthd fvnd in th8 current p(KairyJ yafyr. AOMIN18TRATION COST8 ch•Tgo• Audit fe AoUn18ftey pro18BOn8I f•tss Sypport Coots- Cov•nty G•n•r•l Chwty 2.1Q) 2.100 1,675 1,675 1,5(¢ 1,500 8,184 4.893 SLVPOrt cost• of £10.000 12023.. £10,OCQ) by •t•ff of CMnty Gonwal Ch¥lty pprtbnfjtj on th• ba•h of itaff lim•. Admlnlstratlon crnlo rnlgl? to the Tunning ol tho chwitable cc*npany. All cl co•1• h•v• been alIcted to Ihe unreBtrktsd fund in th• current ond pr•Mding year. TRUSTEES REMUNERATION No mambarofthe Councol ofTruste•8 r•c•lv•d any rnmunoratkin or rnNnburJ•m•ntol•xwseJ during yew12023'. £nll). Pag• 12
EVEp¥llDE HOMES UIIITED MOTE3 TO THE FINANCIAL STATEMENTS lorthe y•arended 31 Dec•mber 2024 FIXED ASSErs Long tM IwePdd18nd & burfdin Fordlrect charilable purF)80S COST At 1 January 2024 AddC& 574,299 32,>)7 At 31 DKember 2024 84)6,6C6 DEPRECIAT1014 At 1 January 2024 Ch•rg8 lor y•af 184.805 11,314 At 31 I)eMb 2024 198,119 WRITfEN DOWN VALUE 31 Dec•mb•r 2024 410,487 31 Docembor 2023 389.454 Tho Tru¥tees con••rth•t It i• nrt pttabl0 to qu•nth Any drfferBnc• t•hYe8n th• m8rk8t and carrying value8 of tho Chailty'• bo8•hold hnd and bulkllng¥ for dkJckJBufè in the account8. Th• bulkllng L eAMMtru¢t•d on l•nd thlch li tM••d from C¢)venty Cty Councll at a p•¢n rnnt, on 99 y•ar explrlrvj In 2071,. and from Th• TN8tee• of Phlord's or Grkn, Howal at peppercom rent on a 99 year lease explrfThJ in 2089. Page 13
EVEpillDE HOMES UMITED NOTES TO THE FINANCIAL STATEME1s fortho y#r end•d 31 D•umr 2024 FIXED ASSET INVESTMEpirs 2023 Mart(et valu8 1 Janu 2024 Addit¢¢ns in ye8r Dk*poM15 GAln8 I ILo8808) 788.343 71.121 138,037) 53.240 745,684 115.979 (105,4331 30.113 Motht value 31 Downber 2024 872.667 786.343 Quoted inve4lmenls comprf80'.- Britlsh Gov•mtrnnt 8tr Oih8r UK Fd Inl•r•8t Ovor¥ea$ Fixtrd Inlèr8#1 Equity Inv8strnenl Inotrumont• Gknb#l Equiti'•s Other A8sets Untt TmBts 55,856 00.8 31.878 187,403 361,109 68.573 22,818 78,313 31.$88 183,150 48,524 26,902 8n,867 788,343 Qu&ad InNYthent8 rewemntlw 5% p01k? •rv.. HSBC ETFS S&P UCITS ETF JPMorgan Inve•tmgntTrwt ord G8PO.06 112.616 CA3 AT BANK AND IN HAND Bank curratt x¢ount Pety c86h Cash h8kl by invethent man•q•rs 20,654 4102 18,285 18,314 388 84,058 39,341 82,758 Page 14
EVEpillDE HOMES UVJTED NOTES TO THE FINANCIAL STATEMENTS for the yur •nd•d 31 Oecember 2024 ENDOWMENT FUMD Tho Endowmert Fund IEv8ntide Homes BuNdirwJl revets the totsl crAt d the bng tem la38ehdd land and property depreciatbn. 10. UNRESTRICTED FUNDS An•ly•kn olrnov•m•nts In unrMtrlct•d fund•-¢urr•nt ymr Balance 1 January I)MI, Iran8fers nrl Expendth, Babncé trsfe[B 31 Denr Accumu181ed Incomg 008ignated fund- Rebuihllng ILmd 163,915 294,058 96,454 37.88a 183,144) 132,307) 177,225 299.419 457,973 134.142 {115,451) 476.644 AMlysl• ol mov•m•nts In unr••trlct•d fund•- pr•vlou• yur B•L4n¢o 1 January IrKoTh, tr8n8fern Exp•ndltur 8alanc• A¢cumulat•d inc¥)mo Oe8i9nated fvnd- Rebuilding fvnd 150,155 285,034 ,521 25,237 (78,7811 118,2131 183,915 294.058 435.189 115,758 192.974) 457,973 Th• R•bulldlng Fund r•yesth)ts a fur4J to PTOVhde fcr dlematlve fUrn accndatIOn. A¢eumul•tod Income mp816 tho free of ts Crity and •qu*s lo approximatety one yO8rfs oxp•nditure. 11. RESTRICTEO FUNDS Tho ReslTKled fund hag Sen from th8 transfer ¢1 •ss•ts from Thg Charity of F,J.Mill$ n 2018. The9• lund$ will be 4>ptied t(hvards rern 8nd improvements to the almshLws•5 onty. P4e 15
EVENnDE HOMES LIMITED NOTes TO THE FINANCIAL STATEMENTS lortho yMr ended 31 Decembor 2024 12. AW4LYSIS OF NET ASSEfs 8ETWEEN FUNDS Anatysls of net assets between fvnds- currtYr Tanglblg rrxed cuff•nt Endovrnent fund Restrictèd fund Unrestrthd funds.. Accumulat Incomo D•8ignat8d furvj 410,487 410,487 429,448 348,754 80,694 ¥4,361 431,552 84.864 {132.133} 177,225 299,419 410,487 8n,667 33.425 1.318.579 An11{• of n•t u••t• b•tw••n fundB. Pf•vlou• y•ar Tangible fixed Not curnnl Endonefit fvnd R•81rict8d Thd UnT8Str(cted lund8'. ACCUMU Incc4n DIgnat fvr#l 389,494 389,494 397.632 314,520 83,112 82.832 389.191 81.283 195,133 163,915 294,058 389,494 788,343 89.282 1.245,099 13. RELATED PARTh TRANSACTIONS Th• ¢ompary incurred 8rTr adminyatration charge ol £IO,OC4)12023.' £10,0(Ksl from Th• General Ch8rfty, Coventry {a charity with common Tru$t•ul during the year. Thè compary did not a donation from The Goneral Chanty, Coventry in th• curront y•or12023'. £nill. Tho amount lo thwt Chsity al th• period end was £nll12023'. £10,000). 14. OPERATING LEASE COMMITh1Epirs Total futurn mInknM lea80 r•ceIvabS under n0CnCelb10 rperatwig ieam ar• 48 follo.. Land and bUlkJg3. Wthn on8 year 8.784 8,784 Leaso ra1)leS rd*e to th& rental of fl8ts of Eventide Hom, Coventy. can be retumvj on on• months not. Page 18
EVEMTIOE HOMES UTED NOTES TO THE FINANCIAL STATEMEiif8 forth• yr •nded 31 1)K•mlJ•r 2024 15. CONTrOLUNG PARTY Page 17