2023-06-30-accounts - Stallcombe House

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Trustees' Report.	Trustees' Report.		2-11
Independent	Auditors' Report		12-15
Consolidated	Statements of Financial	Activity	.16
Consolidated	Balance Sheet		17
Balance Sheet			18
Consolidated	Statement of Cash Flows.		.19
Statement of	Cash Flows . .		20
Notes to the	Financial Statements. .		21 - 39

Reference	and Admi	and Admi	nistrativ	e Details
Board Of	Trustees
User Trustees				Mrs Karen Masterton			(Chair)
				Mr lan Murray
				Mr Chris Retallack
Independent		Trustees		Mrs Ann Liverton
				Mr Robert Stevens		(appointed 10Jan 2023)
				Mr Todd Gifford (appointed 15April					2023)
				Mr Geoff Pook (resigned				20 September		2022)
				Mr Stuart Hines (resigned				12September 2022)
Staff Trustees				Mr Greg Towning	(appointed September 2022 resigned						August 2023)
				Mrs Debbie Davis-Briggs				(appointed	September 2023)
Senior Management			Team	Sonia Nye —Head	of		HR,	Training and		Governance
				Carianne Bright —Head of Care Operations
				Amanda Greenaway		—Head ofCharity				(until 30September 2022)
				James Ayres-Turner		—Head of Facilities (resigned 7October 2022)
Principal	Office			Stallcombe House
				Sanctuary Lane
				Woodbury
				Exeter
				EX51EX
Bankers				National Westminster			Bank PLC
				11 Rolle Street
				Exmouth EX8 1HJ
Investment		Advisors		Fairstone Financial		Management
				8 Camberwell Way
				Doxford international			Business Park
				Sunderland SR33XN
Solicitors				Tozers
				Broadwalk House
				Southernhay West
				Exeter EX1 1UA
Auditors				PKF Francis Clark
				Sigma House
				Oak View Close
				Edginswell Park
				Torquay TQ2 7FF

				Note	Unrestricted	Restricted	Year to	18mths
					Funds	Funds	30June	to
							2023	30June
								2022
Income and Endowments			from:
Donations and legacies					4,962	240	5,202	12,790
Charitable activities					3,488,744		3,488,744	4,742,477
Other trading activities					41,238		41,238	57,928
Investment income					28,424		28,424	16,261
Other income					47,731		47,731	38,756
Total income					3,611,099	240	3,611,339	4,868,212
Expenditure on:
Raising funds					(141,909)	-	(141,909)	(101,106)
Charitable activities					(3,861,604)	(2,304}(3,863,908}(4,148,845}
Total expenditure					(4,003,513)	(2,304)	(4,005,817)(4,249,951)
Net (expenditure)/income		before investment
gains/(losses)					(392,414)	(2,064)	(394,478)	618,261
Gains/(losses) on investment			assets	14	12,247		12,247	(44,335)
Net (outgoings)/income					(380,167)	(2,064)	(382,231)	573,926
Net movement in funds					(380,167)	(2,064)	(382,231)	573,926
Reconciliation of	funds
Total funds brought	forward				5,467,801	36,073	5,503,874	4,929,948
Total funds carried	forward			22	5,087,634	34,009	5,121,643	5,503,874

				Note
					2023	2022
					R
Fixed assets
Tangible assets				13	2,010,316	1,939,791
Investments				14	784,479	767,019
					2,794,795	2,706,810
Current assets
Stocks					7,454	10,344
Debtors				15	177,185	428,197
Cash at bank and		in	hand		2,439,678	2,847,377
					2,624,317	3,285,918
Creditors: Amounts			falling due within one year	16	(297,469)	(488,854)
Net current	assets				2,326,848	2,797,064
Net assets					5,121,643	5,503,874
Funds ofthe group:				22
Restricted	income funds
Restricted funds					34,009	36,073
Unrestricted	income		funds
Unrestricted	funds				4,287,634	5,467,801
Designated	funds				800,000
Revaluation	reserve
Total unrestricted		funds			5,087,634	5,467,801
Total funds					5,121,643	5,503,874

			Note
				2023	2022
				E
Fixed assets
Tangible assets			13	1,745,873	1,653,906
Investments			14	784,578	767,119
				2,530,451	2,421,025
Current assets
Stocks				7,454	10,344
Debtors			15
Due within one year				57,370	440,232
Due after one year				402,004	352,635
Cash at bank and	in hand			2,420,191	2,813,014
				2,887,019	3,616,225
Creditors: Amounts		falling due within one year	16	(290,338)	(481,738)
Net current assets				2,596,681	3,134,487
Net assets				5,127,132	5,555,512
Funds ofthe charity:			22
Restricted funds				34,009	36,073
Unrestricted income		funds
Unrestricted funds				4,293,123	5,506,600
Designated funds				800,000
Revaluation reserve					12,839
Total unrestricted	funds			5,093,123	5,519,439
Total funds				5,127,132	5,555,512

						Note
							Year to	18mths to
							30June	30June
							2023	2022
Cash flows from operating	activities
Net cash (used in)/provided	by operating			activities (below)			(264,496)	1,144,399
Cash flows from investing	activities
Interest receivable and similar income						5	28,424	16,261
Purchase oftangible fixed assets						13	(166,415)	(89,354)
Purchase of investments						14	(176,787)	(413,994)
Sale ofinvestments						14	171,575	364,406
Net cash flows used in investing		activities					(143,203)	(122,681)
Change in cash 5cash equivalents			in reporting		period		(407,699)	1,021,718
Cash and cash equivalents	at start of period (cash in hand)						2,847,377	1,825,659
Cash and cash equivalents	at end		of period (cash in hand)				2,439,678	2,847,377
Net (outgoing)/income for	the period
(per Statement of Financial	Activities)
							(382,231)	573,926
Adjustments for
Depreciation						13	93,945	171,717
Investment income						5	(28,424)	(16,261)
Revaluation ofinvestments							(12,247)	44,335
Loss on disposal of fixed assets							1,944
Decrease in stocks							2,890	694
(Increase)/decrease in debtors						15	251,012	66,827
(Decrease)/increase in creditors						16	(191,385)	303,161
Net cash flows (used in)/provided			by operating		activities		(264,496)	1,144,399

							Note
								Year to	1&mths to
								30June	30June
								2023 f	2022
Cash flows from operating		activities
Net cash (used in)/provided		by operating			activities		(below)	(268,134)	1,134,659
Cash flows from investing		activities
Interest receivable and similar income								46,938	16,261
Purchase oftangible fixed assets							13	(166,415)	(89,354)
Purchase of investments							14	(176,787)	(413,994)
Sale of investments							14	171,575	364,406
Receipts from the repayment		of loans to			other entities				27,126
Net cash flows used in investing activities								(124,689)	(95,555)
Change in cash 8 cash equivalents			in reporting			period		(392,823)	1,039,104
Cash and cash equivalents	at start		of period (cash in				hand)	2,813,014	1,773,910
Cash and cash equivalents	at end		of period (cash in hand)					2,420,191	2,813,014
Net (outgoing)/income for		the period
								(428,379)	598,096
Adjustments for
Depreciation							13	72,503	139,554
Investment income								(46,938)	(16,261)
Revaluation of investments								(12,247)	44,335
Loss on disposal offixed assets held for					the charity's		own use	1,944
Decrease in stocks								2,890	694
Decrease in debtors							15	333,493	69,793
(Decrease)/increase in creditors							16	(191,400)	298,448
Net cash flows (used in)/from		operating		activities				(268,134)	1,134,659

estimated residual value, over their expected us	eful economic life as follows:
Asset class	Depreciation method	and	rate
Freehold interest in land and buildings	2% straight line (buildings)
Solar panels (Solar array)	4% straight line (5%straight		line)
Bio-mass boiler	5% straight line
Farm plant	20% reducing balance
Fixtures, fittings and equipment	20% reducing balance
Motor vehicles	20% reducing balance
Computer equipment	25% straight line
Property refurbishments	6.67% straight line
Assets under construction	nil

					Year to	18mths to
			Unrestricted	Restricted	30June	30June
			funds	funds	2023	2022
Donations	and	legacies
Appeals	and	donations	4,962	240	5,202	12,790
			4,962	240	5,202	12,790

							Year to	18mths to
						Unrestricted	30June	30June
						funds f	2023 f	2022 f
Fee income						3,488,744	3,488,744	4,742,477
4	Income from other trading				activities
							Year to	18mths to
						Unrestricted	30June	30June
						funds	2023	2022
							F	f
Trading income:
Farm income						32,669	32,669	20,919
Feed	in tariff/renewable		heating	incentive		8,569	8,569	37,009
						41,238	41,238	57,928
5	Investment	income
							Year to	18mths to
						Unrestricted	30June	30June
						funds	2023	2022
						E
Interest receivable		and	similar	income:
Interest receivable		on	bank deposits			15,184	15,184	1,225
Other income from		fixed asset		investments		13,240	13,240	15,036
						28,424	28,424	16,261

Notes	to the Financial	to the Financial	to the Financial	to the Financial	to the Financial	Statem	e	nts for the Y	ear Ended 30J	une 2023 (co	ntinued)
6	Other income
											Year to	18mths to
										Unrestricted	30June	30June
										fundsf	2023 f	2022
Income	of	trading		subsidiary						47,731	47,731	38,756
										47,731	47,731	38,756
7	Expenditure				on	raising		funds
a)	Costs of			trading		activities
											Year to	18mths to
										Unrestricted	30June	30June
										funds	2023 f	2022 f
Farm trading costs										37,857	37,857	36,382
Trading	subsidiary			costs						96,025	96,025	51,591
										133,882	133,882	88,333
b)	Investment				management			costs
											Year to	18mths to
										Unrestricted	30June	30June
										fundsf	2023 f	2022 f
Other investment				management			costs:
Amounts		payable		to investment				managers		8,027	8,027	12,773
8a) Expenditure				on charitable				activities
											Total	Total
									Activity	Activity	Year to	18mths to
									undertaken	support	30June	30June
									Directlyf	costsf	2023 f	2022 f
Staff costs									3,098,107		3,098,107	3,325,446
Household			expenses						165,614		165,614	218,290
Utility costs									159„499		159,499	89,378
Farm costs												37,290
Residents'		costs							30,574		30,574	20,275
Other costs			including		depreciation				11,718	398,396	410,114	458,166
									3,465,512	398,396	3,863,908	4,148,845

8 b) Support costs	allo	cated to c	haritable activi	ties
								Total	Total
								Yearto	18mths to
			Governance		Administration	Premises	Other support	30June	30June
			Costs	Staff costs	costsf	costs	costs	2023 6	2022
Insurance					43,557			43,557	33,321
Sundry expenses			10,049					10,049	9,378
Premises expenses						23,575		23,575	24,294
Property and equipment	repairs					53,476		53,476	44,094
Office expenses				14,922	41,465			56,387	70,045
Print, post and stationery					6,793			6,793	6,793
Training and subscriptions				37,446				37,446	15,296
Equipment hire							13,768	13,768	10,082
Motor expenses							31,746	31,746	25,695
Professional and registration		fees					3,790	3,790	18,115
Professional fees			27,168	4,769		5,295		37,232	38,233
Bank charges							3,492	3,492	2,307
Accountancy					30,883			32,438	50,020
Audit fees
Audit offinancial statements			25,122					18,000	25,506
Other fees paid to auditors			14,171					19,738	15,989
Trustees' remuneration	and	expenses	990					990	6,158
Other			5,919					5,919
			83,419	57,137	122,698	82,346	52,796	398,396	395,326

					Year to	18mths to
					30June	30June
					2023f	2022f
Operating leases - plant		and machinery			13,768	10,082
Audit fees					18,000	25,506
Loss on disposal offixed assets			held for the group's	own use	1,944
Depreciation	of fixed assets				72,503	139,554
Depreciation	of trading	subsidiary	assets		21,442	32,163

		Year to	18mths to
		30June	30June
		2023	2022f
Staff costs during	the period were:
Wages and salaries		2,289,646	2,602,229
Social security costs		196,066	216,212
Pension costs		66,849	183,146
Other staff costs		582,992	339,155
		3,135,553	3,340,742

period exp	ressed as full time equivalents was as fol	lows:
		2023	2022
		No	No
Charitable	activities	83	73

12 Auditors'	remuneration
		Year to	18mths to
		30June	30June
		2023	2022
			E
Audit ofthe financial statements		18,000	25,506
Other fees to auditors
All other non-audit	services	19,738	15,989


13 Tangible fixed assets - Group
	Freehold				Solar panels	Fixtures,
	Land and		Motor	Computer	and bio-mass	fittings and
	buildingsf	Farm Plantf	vehiclesf	equipment	boiler	equipmentf	Total
Cost
At 1 July 2022	2,317,277	98,786	57,175	57,959	551,886	210,058	3,293,141
Additions	113,076		18,995	2,881		31,463	166,415
Disposals		(2,151)		(12,492)		(31,686)	(46,329)
At 30June 2023	2,430,353	96,635	76,170	48,348	551,886	209,835	3,413,227
Depreciation
At 1 July 2022	830,735	78,018	37,375	57,621	201,172	148,430	1,353,351
Charge for the year	40,220	4,297	5,226	1,031	27,445	15,726	93,945
Eliminated on disposal		(2,151)		(12,492)		(29,742)	(44,385)
At 30June 2023	870,955	80,164	42,601	46,160	228,617	134,414	1,402,911
Net book value
At 30June 2022	1,486,542	20,768	19,800	338	350,714	61,628	1,939,791
At 30June 2023	1,559,398	16,471	33,569	2,188	323,269	75,42'I	2,010,316


13 Tangible fixed assets - Charity
	Freehold				Solar panels		Fixtures,
	Land and		Motor	Computer	and	bio-mass	fittings and
	buildings f.	Farm Plant F	vehicles	equipment F		boiler	equipment	Totalf
Cost
At 1 July 2022	2,317,277	98,786	57,175	57,959		123,054	210,058	2,864,309
Additions	113,076		18,995	2,881			31,463	166,415
Disposals		(2,151)		(12,492)			(31,686)	(46,329)
At 30June 2023	2,430,353	96,635	76,170	48,348		123,054	209,835	2,984,395
Depreciation
At 1 July 2022	830,735	78,018	37,375	57,621		58,225	148,430	1,210,404
Charge for the year	40,220	4,297	5,226	1,031		6,003	15,726	72,503
Eliminated on disposal		(2,151)		(12,492)			(29,742)	(44,385)
At 30June 2023	870,955	80,164	42,601	46,160		64,228	134,414	1,238,522
Net book value
At 30June 2022	1,486,542	20,768	19,800	338		64,829	61,628	1,653,905
At 30June 2023	1,559,398	16,471	33,569	2,188		58,826	75,421	1,745,873

Listed investments
	Year to	18mths to
	30June	30June
	2023 f	2022
At Market Value
At 1 July 2022	767,019	761,764
Additions	176,787	413,994
Disposals	(171,575)	(364,406)
Revaluation	12,247	(44,333)
At 30June 2023	784,478	767,019

Charity
	Year to	18mths to
	30June	30June
	2023	2022
Shares in subsidiary	100	100
Other investments	784,478	767,019
	784,578	767,119
Subsidiary
Cost and Net book value
At 30June 2022 and 30June 2023		100

15 Debtors
		Group	Charity
	2023	2022	2023	2022
		F
Trade debtors	30,671	9,238	30,671
Due from group undertakings			288,709	383,490
Prepayments	56,969	41,549	55,626	41,549
Other debtors	89,545	377,410	84,368	367,828
	177,185	428,197	459,374	792,867

			Group	Charity	Charity
		2023	2022	2023	2022
			F
Trade creditors		95,752	174,811	92,929	167,695
Other taxation and social security		60,262	155,541	60,262	155,541
Other creditors		26,155	43,964	26,154	43,964
Accruals and deferred	income	115,300	114,538	110,993	114,538
		297,469	488,854	290,338	481,738

							Charity
					2023	2022 F	2023	2022f
Other
Between	one	and	five	years	8,993	5,969	8,993	5,969

Current Per	iod
			Balance at 1					Transfers & Balance at
			July	Incoming	Resources			recognised	30June
			2022	resourcesf	expended		gains/(losses) f		2023 f
Unrestricted	funds
General Unrestricted		funds	5,467,801	3,611,099	(4,003,513)			(787,753)	4,287,634
Designated	Building Projects		fund					800,000	800,000
Revaluation	reserve
			5,467,801	3,611,099	(4,003,513)			12,247	5,087,634
Restricted funds
Social fund			32,319	240	(2,304)				30,255
Willows fund			332						332
Computer	fund		3,422						3,422
Total restricted funds			36,073	240	(2,304)				34,009
Total funds			5,503,874	3,611,339	(4,005,817)			12,247	5,121,643
Previous Period
			Balance at 1					Transfers &Balance at
			January	Incoming	Resources			recognised	30June
			2021	resources f	expended	f	gains/(losses) f		2022 f
Unrestricted	funds
General
Unrestricted	funds		4,838,081	4,866,232	(4,249,951)			12,839	5,467,801
Revaluation	reserve		57,174					(57,174)
			4,895,255	4,866,832	(4,249,951)			(44,335)	5,467,801
Restricted funds
Social fund			30,939	1,380					32,319
Willows fund			332						332
Computer fund			3,422						3,422
Total restricted funds			34,693	1,380					36,073
Total funds			4,929,948	4,868,212	(4,249,951)			(44,335)	5,503,874

Charity	Charity
Current Period
				Balance at 1			Transfers & Balance at
				July	Incoming	Resources	recognised	30June
				2022	resources	expended	gains/(losses)	2023
					F			E
Unrestricted	funds
General Unrestricted			funds	5,519,439	3,581,882	(4,020,445)	(787,753)	4,293,123
Designated	Building Projects			fund			800,000	800,000
Revaluation	reserve
				5,519,439	3,581,882	(4,020,445)	12,247	5,093,123
Restricted funds
Social fund				32,319	240	(2,304)		30,255
Willows fund				332				332
Computer	fund			3,422				3,422
Total restricted		funds		36,073	240	(2,304)		34,009
Total funds				5,555,512	3,582, 122	(4,022,749)	12,247	5,127,132
Previous Period
				Balance at 1			Transfers 8 Balance at
				January	Incoming	Resources	recognised	30June
				2021	resources F	expended f	gains/(losses) f	2022
Unrestricted	funds
General
Unrestricted	funds			4,865,549	4,838,931	(4,197,880)	12,839	5,519,439
Revaluation	reserve			57,174			(57,174)
				4,922,723	4,838,931	(4,197,880)	(44,335)	5,519,439
Restricted funds
Social fund				30,939	1,380			32,319
Willows fund				332				332
Computer fund				3,422				3,422
Total restricted		funds		34,693	1,380			36,073
Total funds				4,957,416	4,840,311	(4,197,880)	(44,335)	5,555,512

Charity
					Total funds
			UnrestrictedDesignated		Resiricted	30June
			funds	funds	funds	2023
			f		f	f
Tangible		fixed assets	1,745,873			1,745,873
Fixed asset investments			784,578			784,578
Current	assets		2,053,010	800,000	34,009	2,887,019
Current	liabilities		(290,338)			(290,338)
Total net		assets	4,293,123	800,000	34,009	5,127,132
Previous		period

Previou	s period
			Total funds
		Unrestricted	Restricted	30June
		funds	funds	2022
			F
Tangible	fixed assets	1,653,906		1,653,906
Fixed asset investments		767,119		767,119
Current	assets	3,580,152	36,073	3,616,225
Current	liabilities	(481,738)		(481,738)
Total net assets		5,519,439	36,073	5,555,512