ECKLING GRANGE LIMITED (A company limited by guarantee) Report and Financial Statements For the Year Ended 31 March 2024 Charity number- 251534 Company number- 00853423 ECKLING GRANGE LIMITED (A COMPANY LIMITED BY GUARANTEE) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Contents Page Legal and adrninislrative information Chairman's stslement Report of the trustees Independent auditor's report 10-13 Statement of financial activities 14 Balance sheet 15 Statement of cash flows 16 Notes forming part of the financial statements 17-24 ECKLING GRANGE LIMITED IA COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 MARCH 2024 Under the company's Articles of Association, the Iruslees arè known as members of the Council of Management, but are referred to as the Management Committee, and under company law are also directors of the company. The trustees present this report and audited financial slalements for the year ended 31 March 2024. Reference and administrative inforrnation Charity Name.. Eckling Grange Limited Charity registration number.. 251534 Company registration number.. 00853423 Registered office and operational address.. Eckling Grange Norwich Road East Dereham Norfolk NR20 38B Trustees Rachel Cross David Goddard Philip Goddard Heather Havers Peter Howson Tim Johnson Richard Pennington Graham Pickhaver Company Secretary Iresigned 28 July 20231 Appointed 8 February 2024 Chairman Senior management team Stewart Barber Steve Edmunds Elizabeth Treacy Christine Taylor Manager Ileft September 20241 Manager lJoined August 20241 Care Manager Deputy Care Manager ECKLING GRANGE LIMITED (A COMPANY LIMITED BY GUARANTEE} LEGAL AND ADMINISTRATIVE INFORMATION ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Auditor MA Partners Audit LLP 7 The Close Nomich NR14DJ Bankers Lloyds TSB plc 38 Market Place Dèreham Norfolk NR19 2AT Solicitors Spire Solicitors LLP The Priory Church Street Dereham Norfolk NR19 1DW HR Consultsnts Backup HR 2 Kings Avenue House New Malden Surrey KT3 4DY ECKLING GRANGE LIMITED IA COMPANY LIMITED BY GUARANTEE) MESSAGE FROM THE CHAIRMAN FOR THE YEAR ENDED 31 MARCH 2024 As previous years Eckling Grange ha5 continued lo provide high quality care and support within a very strong Christian ethos. 11 has been a year both of celebration and 52dness. In July 2023 Eckling Grange celebrated the 60th anniversary of ils opening with 300 people present including residents, relations. friends and invited guests, silting down to a meal in a marquee sel up for the occasion. 11 was truly a banquet indeedl There was worship, testimonies and ministry, truly a memorable day. Sadly Stewart Barber gave notice in October 2023 that he would be retiring as General Manager in September 2024. Trustees and residents knew that Stewart would be a hard act lo follow considering his sixteen years Ithenl of service and leadership. But we knew what lo do.. pray and act. In God's good time and after due processes trustees appointed Steve Edmunds as our new General Manager We wish Steve and his wife well as he lakes up his new role (he began work in August 20241. The management committee including Trustees and the Senior Management team have mel most months. We invite our pastors, lan and Nigel lo present regular reports. In January 2024 we welcomed Peter Howson as 8 new trustee. Trustees have compèted safeguarding training and the Mental Capacity Act in- house and individual members have completed various on-liNe programmes. Trustees continued to make regular visit5 and in particular enjoyed the bungalow residents and Iruslee Christmas lunch1 In January 2024 Trustees amended the policy for Identity and Employment of the General Manager and Care Man2ger to safeguard our Christian foundation. Tru51ees allended both care and bungalow residents, meetings as they occur. The senior management team continued lo provide excellent leadership and staff turnover has again been minimal with new staff being very welcomed into the team. Trustees are always thankful for the quality of the team that we have. Trustees have set up a financial group with Richard Pennington and Phil Goddard meeting regularly with lan Todd, our finance officer. Finances remain on a firrn footing in spite of On￿oing increasing costs in wages, food and maintenance. Maintenance 8nd sile Improvements continued apace including the reconstruction of new pathways and refurbishment of bungalows on change of occupancy. Some bungalow roofs needed improvement and trustees look great care with advice in deciding the best course of action. Residents continued to enjoy the regular times of worship, bible study and prayer led by our own pastor5 or invited speakers. Social activities continue lo be well-supported and appreciated. A notable year but one in which we give thanks to our God for His constant smile and blessing upon Eckling Grange. Graham Pickhaver (Chairman ofthe Management Committee) August 2024 ECKLING GRANGE LIMITED (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 structure, governance and management Governin document Eckling Grange Limited is a charitable company limited by guarantee incorporated on 2 July 1965 and as amended on 15 September 1967 and 21 May 2010.11 was established under a Memorandum ofAssociation which defined its object and powers and is governed under it5 Articles of Association. In the event of the company being wound up, members are required lo contribute an amount not exceeding £1. 11 was registered with the Charity Commission on 3 December 1967. Recruilmenl and a ointment of mana emenl committee The trustees are the Management Committee and have expertise and experience in a wide range of business and care disciplines. We maintain a register of the skills and experience of our Iruslees. Individuals with appropriate skills, ability and time are approached lo offer themselves for election lo the Management Committee, lo continue to provide wide ranging skills and direction. The Management Committee comprises a minimum of three and a maximum of twelve members. Under the Articles of Association, one third of the members ofthe Management Committee retire in rolalion each year, and they are eligible for r&election. Trustee induction and trainin We have job dèscriptions for trustees, and a formal Induction Procedure for new trustees. A prospective trtjstee is invited to meet one or existing experienced Iruslees and the Senior Management team in Eckling Grange to see al fi'rst hand the atmosphere and style of the home and bungalows. The main documents relating lo the governance and operational framework of the charity are presented, as well as Current statutory and management accounts to set out the financial position. The prospective trustee will attend two or three meetings of the Management Committee, and then subject lo mutual agreement, will be elected as a new Iruslee. The Charity Commission's information and advice on trusteeship is made available for those who have no previous Iruslee experience. Ongoing information and training is avai18ble trom Charity Commission and trade bulletins, newsletters and seminars. Or anisational structure The Management Committee aims lo meet most months and is responsible for the strategic direction and policy of Eckling Gfftnge. At each meeting, il reviews with the Senior Management team, Current key performance indicators and financial reports including the current monthly management accounts. Also, it gels Involved in providing 5UPPOrt and direction for current major opèrational issues. The day-lo-day delivery of the operational management of Eckling Grange and the provision of care and support lo our residents rests with the Manager and Care Manager. The C2re Manager is also responsible for the supervision and continuing development of all the catering and domestic staff. Eckling Grange has a formal remuneration structure for ils staff, which is validated against local pay levels in the care industry. For senior staff. we also lake account of regional remuneration levels in the charitable se¢lor. ECKLING GRANGE LIMITED {A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES Icontinuedl FOR THE YEAR ENDED 31 MARCH 2024 Objectives and activities The charity's slated charitable objectives as set out in the Articles of Association are restricted specifically lo the following., To provide accommodation and personal care for residents in the Care Home and domiciliary care and other services for residents in the Sheltered Accommodation and lo promote the Christian religion. Public benefit. The trustees have taken account of the Charity Commission's guidance and demonstrate the public benefit provided lo our residents and the local community by the following arrangements and activities.. accepting socially funded residents al fee levels below the ¢ommerci81 cost of providing the care and accommodation", selling rent leve15 below the local levels for sheltered accommodation., and providing advice on housing benefit where appropriate., welcoming non-residents to our regular services., providing a wide range of secular and spiritual activities for all residents as described below", offering some work experience opportunities for young people. We are grateful lo all the volunteers who come to le8d activities and provide entertainment to our residents. Particularly at Christmas lime there is a varied program of events. Under the leadership of our Pastor, the organisation of our spiritual activities is provided by volunteers from our residents and externally. We aim to give a high quality of care lo our residents, delivered by experienced staff. As shown by resident S81isfaction, high occupancy levels, favourable surveys and high investment in repairs and improvements. Achievements and performance Residential Care Home We are a 60 room residential care home,. 40 rooms are foi care of the elderly, and 20 room5 In the Auriol Tessier wing are specifi'cally for dementia care 8nd provide secure accommodation for elderly folk with dementia. We welcome residents from all backgrounds, both socially and privately funded, provided we can meet their care needs Our occupancy level has remained very good at around 970/0. During the year about 200/D of our residents were socially funded. We believe we continue lo provide high quality care, with a wide range of Christian and secular activities for our residents. We have a dedicated Training Manager, who continues to increase the skills and NVQ levels of our care staff. Our Pastors and the Pastoral Group continue to provide a wide range and varied styles in our services, as well as being available lo spend lime with individual residen15 according lo their needs. ECKLING GRANGE LIMITED (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES Icontinuedl FOR THE YEAR ENDED 31 MARCH 2024 Our Activity Coordinators continue lo arrange interesting activities relevant lo the expectations of our residents. Internal activities include animal visits, art groups, games, gardening, g2rclen party, jigsaw puzzles, presentations and talks, reminiscences etc some of which is on a one-lo-one basis. External visits have been to local museums, the c02sI and local garden centres. Externally. our performance is monitored by our regulator, the Care Quality Commission ICQCI. Generally. their inspections are unannounced, and very meticulous We believe we are providing care and support to all our residents at a high level, and the many testimonies of thanks during the year support this. Fu15 reports of our CQC'S inspections are available on our and their websites. Internally, we hold a bi-annual survey from our residents or their next of kin, which showed a good level of salisfacliDn. There is also a regular meeting where trustees, management, residents and their families can discuss current issues and developments. We do receive many 'lhank you letters from the families of our residents. Ullimalely, our good performance depends on maintaining high occupancy, so il 15 Vital that we maintain our good reputatlon 2nd a close ielatlonship with our residents. Sheltered accommodation Wè have 54 bungalows developed as sheltered accommodation for retired bul generally indepèndent people. The bungalows are available to all, but most of the residents are Christians, allr2Cted by the Christian ethos of Eckling Grange. The bungalows provide for independent living, bul there is the security of a resident's alarm system linked lo the care office in the residential home. The provision of domiciliary care and other support lo our bungalow residents is now well established. Each recipient has an agreed plan of the amount and timing of the support lo be given. Typically, we are providing support lo 4 bungalow residents, at any one time. During the year, the ongoing programme of improving the kitchens and bathrooms of our bungalows continued. Similarly, we seek a bi-annual survey, and regular meetings with the bungalow residents. These discussions are livelier, but overall, there is a good level of 8alisfaclion. We invite all bungalow residents lo several events during the year, including a Christmas lunch in the Care Home. ECKLING GRANGE LIMITED (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES Icontinuedl FOR THE YEAR ENDED 31 MARCH 2024 Financial review Results for Year The financial year ending 31 St March 2024 has been very good and shows an in¢rea5e in our fund value of £18,885 1£22,9021. We acknowledge with thanks gfftnts, personal donations and legacies of £13,834, which with continuing high residential occupancy levels have led lo this result. We have also been able lo spend £210,693 on repairs and renewals and provide £31,872 capital expenditure on our long-lerm improvement programme. From April 2023 we increased the fee5 for all privately funded residents by about 100/0. The residential fees funded by Norfolk County Council increased by 90/.. We 50ughl a £100 per week top up, or a relevant fee based on a personal budget, for new residents who were socially funded. This funding gap remains unfaii between socially and privately funded residents, bul we continue to acknowledge God's continuing goodness in providing for all our residents. Donations During the year the charity has made donations to other charities amounting to £7,458 Investment olic Surplus funds are presently held on short term deposits. Risk and uncertainties We maintain a risk register, which is reviewed each year by the Management Committee. The major financial drivers of a care home are to maintain high occupancy195°h+l and contain staffing costs to around 75'1ts of the fee income. Regulatory risks are reduced by ensuring we have well-trained, vigilant caring staff. Free reserves olic The Board of Trustees have concluded that the primary purpose for holding Free Reserves is to see the company through short-term cash flow probleTns. This CQLJld be caused by poor trading condition5, or unexpected expenditure. The Trustees consider that between one & two months revenue is an appropriate target figure, which based on 2024125 budgets amounts lo a Free Reserve in the range of £260,000 10 £520,000. Thus, the Trustees are comfortable with the current reserve level of £411,374. In coming lo this figure, the Trustees have considered the fact that the company owns the unmortgaged freehold sile from which it operates. The Trustees will review this policy annually ECKLING GRANGE LIMITED {A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES Icontinuedl FOR THE YEAR ENDED 31 MARCH 2024 Plans for future periods eralional lans Our focus is lo continue to provide excellent Christian care and support for all our residents in a comfortable. safe and stimulating environment. We seek to maintain high occupancy levels. We will continue to offer day care, particularly for local needs,. and subject to room availability we will offer short term respite care. We will continue to develop our training programs and support services in line with the needs of our residents and the guidan￿ of the regulators. We continue to invest in new technologies and are investigating new systems for recording care aclivilies. Financial Plans The fees for our privately funded residents are calculated on a basis allowing for accommodation li.e. holell cost5 and the cost ofcare, based on banded timings ofcare given perweek. From 1 April 2024 we increased all our residential fees by an average of 8°/0, reflecting the increase in the national living wage. Rèsidents whose care needs have increased over the previous year will experience a greater increase. Norfolk County Council increased ils fees lo us by 6¥0, and we continue lo seek a top up or a relevant fee based on the resident's personal budget. Our bungalow rents have been increased slightly. which leaves them competitive compared to local sheltered accommodation rental levels. We have established budgets al slightly beller than break even over the next 2 years. We will continue to monitor our financial results monthly. Going Concern," All residents have contracts for as long as we can look after them in resiclenlial care, which is generally for life or can remain living independently in a bungalow. We h2ve a significant wailing list for bungalow5 and cannot satisfy the demand from prospective residents for care. Responsibilities of the trustees The trustees are responsible for preparing the Annual report and the financial statements in accordance with applicable law and regulations. Company law requires the trustees lo prepare financial slalements for each financial year in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable lawl. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the slate of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing these financial slatemenls, the trustees are required lo.. select suitable accounting policies and then apply them consistently., make judgèments and a¢¢ounling estimates that are reasonable and prudent., slate whether applicable UK Accounting Standards have been followed, subject to any material departure5 disclosed and explained in the financial statements., prepare the financial slalemenls on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable a¢¢ura¢y al any lime the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps foi the prevention and detection of fraud and other iiregu12rilies. ECKLING GRANGE LIMITED (A COMPANY LIMITED BY GUARANTEEI REPORT OF THE TRUSTEES Icontinuedl FOR THE YEAR ENDED 31 MARCH 2024 Auditor MA Partner5 Audit LLP were appointed as the charity's auditors during the year and have expressed their willingness lo continue in that capacity. Each of the persons who are trustees al the lime when this Report ofthe Trustees is approved has confirmed that.. so far as that trustee is aware, there is no relevant audit information of which the company's auditor is unaware", and that trustee has taken all the steps that ought to have been taken as a trustee in order lo be aware of any information needed by the company's auditor in connection with preparing ils report and lo establish that the company's auditor is aware of that information. Basis of preparation The Iruslees confirm that the Annual Rèport and financial slalernents of the company comply with the current statutory requirements, the requirements of the Company's governing document and the provisions of the Statement of Recommendèd Practice ISORPI, applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive l January 20191. Since the company qualifies as small under sèction 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Director's Reportl Regulations 2013 is not required. Approved by the Management Committee on 29 Novèmber 2024 and signed on Its behalf by.. Graham Plekhaver Trustee ECKLING GRANGE LIMITED (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT TO MEMBERS OF ECKLING GRANGE LIMITED FOR THE YEAR ENDED 31 MARCH 2024 Opinion We have audited the financial slalements of Eckling Grange Limited Ithe 'ch8ritable company'l for the year ended 31 March 2024 sel out on pages 14 10 24. The financial 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 the UK and Republic of Ire18nd' (United Kingdom Generally Accepted Accounting Practicel. In our opinion, the financial statements.. give a true and fair view of the slate of the ¢harilable company's affairs as at 31 March 2024 and of its incoming resources and application of resources, including its income and expenditure for the year then ended for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We coNducled our audit in accordance with International Standards on Auditing IUKI IISAs IUKII and applicable law. Our responsibilities under Ih05e standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirement5 relèvant lo our audit of the financial statements iri the UK, including the FRC'S Ethical Standard and we have fulfilled our other ethical responsibilities In accordance with these requirements. We believe that the audit evidence we have obtained is sufficient 2nd appropriate to provide a basis for our opinion. Conclusions related to going concern In auditing the financial statements, we have concluded that the Trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating lo events or conditions that, individually or collectively, may cast signifi¢8nt doubt on the charitable Company's ability lo continue as a going concern for a period of al least twelve months from when the financial slalemenls are aulhorised for issue. Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relev8nl sections of this report. 10 ECKLING GRANGE LIMITED (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT TO MEMBERS OF ECKLING GRANGE LIMITED FOR THE YEAR ENDED 31 MARCH 2024 Other informatlon The other information comprises the information included in the Annual Report other than the financial slalements and our Auditors, Report thereon. The Trustees are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except lo the exlenl otherwise explicitly slated in our report, we do not express any form of assurance conclusion Ihereon. Our responsibility is lo read the other information and, in doing so, consider whether the other information is materially inconsislenl with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears lo be materially misstated. If we identify such material inconsistencies or apparent material misslatemenls, we are required lo determine whether this gives rise to a material misslatemenl in the financial slalemenls themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in thè Trustees, Report. for the financial year for which the financial statements are prepared is consislenl with the financial stalemenls.. and the Trustees, Report, which is Included in the Report of the Trustees, has been prepared in accordance with applicable legal requiiemenls. Matters on which we are required to report by exception In the light of the knowledge and understanding of the Charitable Company and ils environment obtained in the course of the audit, we have not identifi'ed material mi5slatemenls in the Trustees, Report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us lo report to you If, in our opinion., adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us", or the financial statement5 are not in agreement with the accounting records and returns., or certain disclosures of Directors, remuneration specified by law are not made,. or we have not received all the information and explanations we require for our audit., or the Trustees were not entitled to prepare the financial slalements in accordance with the small companies, regime and lake advantage of the small companies, exemptions in preparing the directors, report and from the requirement lo prepare a strategic report. ECKLING GRANGE LIMITED (A COMPANY LIMITED BY GUARANTEEI INDEPENDENT AUDITOR'S REPORT TO MEMBERS OF ECKLING GRANGE LIMITED FOR THE YEAR ENDED 31 MARCH 2024 Responsibilities of Trustees As explained more fully in the Trustees, responsibilities Statement, the Trustees (who are also the directors of the charitable company for the purposes of comp2ny lawl are responsible for the preparation of the financial slalemenls and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determines is necessary to enable the prepar81ion offinancial statements that are free from material rnisstslemenl, whether due lo fraud or error In preparing the financial slaternenls. the Trustees are responsible for assessing the Charitable Company's ability lo continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend lo liquidate the Charitable Cotnpany or lo cease operations, or have no realistic alternative bul lo do so. Auditor's responslbiltties for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial sl8lemenls as a whole are free from rnalerial misstatement, whèther due to fraud or error, and lo issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance bul is not a guarantee that an audit conducted in accordance with ISAS IUKI will always delect a material misstatement when il exists. Misslalements can arise from fraud or error 2nd are considered material if, individually or in the aggregatè, they could reasonably be expected lo influence the economic decisions of users taken on the basis of these financial slalemenls. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, lo detect material misslatemenls in respect ol irregularities, including fraud. The extent lo which our procedures are capable of delecling irregularities, including fraud is detEiled below.. The objectives of our audit in respect of fraud, are", lo identify and asse55 the risks of material misstatement of the financial statements due lo fraud,. lo obtain sufficient appropriate audit evidence regarding the assessed risks of material misslalemenl due to fraud, through designing and implementing appropriate responses lo those assessed risks," and lo respond appropriately to instances of fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the company. Our approach was as follows". We obtained an understanding of the legal and regulatory requirements applicable lo the Charitable Company and considered that the most significant are the Accounting and Reporting by Charities". Staternent of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 Icharilies SORP IFRS 10211, the Cornpanies Act 2006. UK financial reporting standards as issued by the Financial Reporting Council, and UK laxalion legislation. We obtained 2n understanding of how the company complies with these requirements by discussion5 Wlth management and those charged with governance. We assessed the risk of materi81 misstatement of the financial statements, including the risk of malerial misstatement due to fraud and how it might occur, by holding discussions with management and those Gharged with governance. We inquired of rnanagemenl and those charged with governance as lo any known instances ol non-compliance or suspected non-compliance with laws and regulations. 12 ECKLING GRANGE LIMITED (A COMPANY LIMITED BY GUARANTEEI INDEPENDENT AUDITOR'S REPORT TO MEMBERS OF ECKLING GRANGE LIMITED FOR THE YEAR ENDED 31 MARCH 2024 Based on this understanding, we designed specific appropriate audit procedures lo identify instances of non-compliance with laws and regulations. This Included making enquiries of management and those charged with governance and obtaining additional corroborative evidence as required. Because of the inherent limitations of an audit, there is a risk that we will not delecl all irregularities, including those leading lo a material misstatement in the fi'nancial statemènts or non. Contributions amounting lo £nil12023 - £nill were payable lo plans and are included in creditors. 21 ECKLING GRANGE LIMITED (A COMPANY LIMITED BY GUARANTEEI NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Trustoe r6muneration & related party transactions No members of the Management Commilleè received any remuneration or reimbursement of expenses during the year. During the year no trustee had a close relative in the residential home. Taxation The company is a charity within the meaning of Para 1 Schedule 6 Finance Act 2010 Accordingly, the company is potentially exernpl from taxation in respect of income or Capital gains within categories covered by Chapter 3 of Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. No lax charge arose in the period. Tanglble fixed assets Freehold property Motor Vehicles Furniture & equipment Total Cost Al 1 April 2023 A(Sdilions 2,099,228 16.964 48,772 285,269 14,908 2,433,269 31,872 Al 31 March 2024 2,116.192 48,772 300,177 2,465,141 Depreciation Al 1 April 2023 Charge for the year 787,526 42,126 29,268 9,756 222,150 11,243 1,038.944 63.125 At 31 March 2024 829,652 39,024 233,393 1,102,069 Net book value Al 31 March 2024 1.286,540 9.748 66,784 1,363,072 Al 31 March 2023 1,311.702 19,504 63,119 1,394,325 The commeicial credit card facility of £2,000 15 secured by legal charges over the freehold propety at Eckling Grange, Nonmich Road, Dereham, Norfolk. 22 ECKLING GRANGE LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Debtors 2024 2023 Trade debtors Prepayments Accrued income 65,451 26,802 1,955 28,556 24,852 94,208 53,408 10 Creditors: amounts falling due within one year 2024 2023 Trade creditors Taxation and social security other creditors Accruals Deferred income 55,502 31,094 4,224 109,921 149,864 73.089 27,616 6,463 81,630 151,119 350.605 339,917 The deferred income relates to income due for next year. All the income deferred last year was released this year and a new provision made at the end of the year. 11 Movements in funds Unrestricted general funds 2024 2023 At 1 April 2023 1.755.561 1,732,659 Income lincluding gains) 3,030,019 2,693,989 Expenditure 13,011,134> 12,671,087) At 31 March 2024 1,774,446 1,755,561 23 ECKLING GRANGE LIMITED (A COMPANY LIMITED BY GUARANTEEI NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 12 Operating lease commitments The future minimum lease payments undèr non-C2ncellable operating leases are as follows. 2024 2023 Not later than one year 17,000 15,749 Later than one year and not later than five years 24,234 36,309 Due later than five years Total 41,234 52,058 13 Analysis of net assets between Unrestricted funds 2024 2023 Fixed Assets 1,363,072 1,394,325 Current A55ets 761,979 701,153 Current Liabilities 1350,6051 1339,9171 Total 1,774,446 1,755,561 14 Related party transactions There were no related party transactions in the current or prior year. 24