Company Registration Number. 01600678
Charity Registration Number.. 283877
Stallcombe House
IA Cornpany Limited by Guarnnteel
Group Annual Report and Flnanclal Statements
For th8 Perlod Endlng 30th June 2024

Stallcombe House
Contents
Trustees, Report...................................................................................................................................... 4- 10
Independent Auditors, Report..
Consolidated Statements of Financial Activity
15
Consolidated Balance Sheel......................................................................................................................... 16
Charity Ba5ance Sheel.... .
17
Consolidated Statement of Cash Flows........................................................................................................
Notes lo the Financial Stslements
.19-38

Stallcombe House
Trustees, Report (continued)
Reference and Administrative Details
Board Of Trustees
User Trustees
Mrs Karen Masterton Ichairl
Mr lan Murray (resigned May 20241
Mr Chris Retallack
Independent T￿st8&S
Mrs Ann Liverton
Mr Robert Stevens (Appointed Jan 2023 resigned Jul 20241
Mr Todd Gifford {Appoinled Apr 2023 resigned Aug 20241
Mrs Renats Colley lappointed Sep 20241
Sl8ff Truste8S
Mr Gregory Towning (resigned Aug 2023}
Mrs Debbie Davis-Briggs lappoinled Sep 2023 resigned May
20241
Mr Andrew Lotten {appoinled Jun 2024)
Senior Management Team Sonia Nye- CEO
Carianne Bright- Head of Operations
Anrt8 Harper- Head of Finance Iprt)
Company Secretary
Victoria Eul (Appointed Dec 20241
Principal Office
Stallcombe House
Sanctuary Lane
Woodbury
Exeter
EX5 1EX
Bankers
National Westminsler Bank PLC
Auditors
PKF Francis Clark
Sigma House
Oak View Close
Edginswell Park
Torquay TQ2 7FF
Solicitors
Tozers
Broadwalk House
Soulhernhay West
Exeter EX1 1UA
Investment Advisors
Fairstone Financial Management {until Jul 2024. Under reviewl

Stallcombe House
Trustees, Report (continued)
The Trustees, who are Directors for the purposes of Company Law, present their annual report
together with the financial statements and auditors, report for the period 1st July 2023 10 30th June
2024 which are also prepared lo m6el the requirements for a Directors, Report and accounts for
Companies Act purposes.
Objectives and Activities
The objects of the charity are..
To provide a supportnie living community for adults with learning drfficulties based on
purposeful activities in a farm and garden environment complimented by strong link5 with
local communities and services to meet collective and Individual needs.
To advance education and promote the physul and mental welfare of people with
learning drfficullies.
To achieve these aims, the charity provides a safe, warm, and supportive environment. where each
resident has his or her own prNate room, a range of activities lo tske part in and lots of wide-open
spaces lo explore.
The charity Is committed to listening to and understanding our residents, their families, and
professionals through consullalion, being forward thinking and by being person cenlred.
The charity's residential care operations are fegulaled by the Care Quality Commission which,
following its lalesl inspection in March 2022, has rated ￿S serV￿eS as Good overall and Outstanding
under the heading of"Responsive"
In common with many charitable care homes, the charrty charges for its services in order to provide
sustainable, high-quality care. Charges vary from person lo person dependent upon support nfyeds
but are al rates determined by the funding local authority or NHS funding group.
Publlc Benofit
Activities are planned in line with guidance from the Charty Commission lo ensure not only the
people we support benefit but those locally and in the greater community living with or wilhoul a
learning disability. The charity doe5 not apply any forrn of re51riclion, geographical or otherwise, to
members of the public who wish to make use of ils services.
The Iruslees ensure that all activities are purposeful and meet the individual needs of all those wg
support in line with section 17 01 the Charities Act 201110 have due regard to the public benefit
guidance published by the Charity Commission for England and wa￿$.
Achiavomants and Pgrformance
The charity remains commilled lo providing and environment that promotes independence and
individuality for our residents.
Our for this year has been slabilty for residents and development of our facilities both for
residents and staff.
We are very much a part of our local community with residents enjoying local shopping trips, local
activities. and events as well as holidays in the wider community.
Throughout this reporting period our focus has been very much on bringing stability to an often-
lurbulenl environment that is care. We have endeavoured to maintain our optimum capacity at 33
(Willows 6 and Slallcombe House 271 lo maximise our Income potential lo ensure the viability of
Slallcombe going forward in these turbulent times of changing governments and budgetary restraints
imposed on social care.

Stallcombe House
Trustees, Report {conlinued)
Our building programme has progressed with the completion of the new office building housing the
finance team. training o>ordinalor, shift scheduler. a board room, and senior staff.
Stage 2 is the creation of four new ensuite bedrooms above our theatre space and these are
progressing well with residents eagerfy awaiting their completion and subsequent allocation. The
views from the* rooms encompass open countryside and the lors of Dartmoor. This will continue in
lo the cottage.
Stage 3 will see a new kitchen within the main building that will provide space for food preparation.
cooking, serving, washing up, storage and acces5ibilily foi all. This space could also be used for
residents to prepare light snacks independenlty or group baking sessions.
Monie5 for 811 these projects has been identified and allocated. The board has ulilised re￿ntlY high
interest rates lo invest accordingly bringing maximum benefit lo funds that will enhance the lives of
those we support today and well into the future.
The board of Iruslees acknowledges the generous bequest some years ago from a local supporter of
Slallcombe which enabled the recent refurbishment of the Roundhouse to ils former glory adding an
accessible toilet and kitchenette to ils design. This area was used during recent months for the
people we support to enjoy a night camping out.
Rgsidants Fees
The board recognises that local authorities are restricting their budgets as determined by local and
central government, but this makes providing for ils residents increasingly difficult. Fee uplifts are not
subject lo conlraclual agreements therefore we are al the mercy of each authority at eaeh yearly
ieview. Our Head of Care Operations and our Finance Manager have spent hours completing
endless paperwork. submitting, and often resubmitting lo meet the demands levied only lo receive
negative responses wrth no avenue of redress.
Factors Relevant to Achi9Voment
th the recent upheaval in national govemmenl the care sector wai15 with baled breath lo see what
benefits this brings not only lo our organisation bul to the wideT community. We are not alone in
feeling the political squeeze on all aspects of care from rising staffing costs, the cosl-of-living crisis
that is encompassing all within the sector, fuel and heating costs are soaring and those we support
are getting older maybe requiring more care than in their younger years.
All this puls extra pressure on our service. and il has seen the board re-evaluate our whole
environment lo ensure our fees are covering the basic needs of those we support, and we are not
having lo supplement our'extras, as in the farm. the garden and our arts and crafts sludB). Drfficuf(
decisions a￿ being addressed and extra funding sought lo maintain these areas, but this is becoming
Increasingly challenging.
K•y Financial PerfOrnian￿ Indicator8
Unlt
2023
2024
Net lexponditurglllncome
1394,4781
{117,3091
Gains I Ilossesl on Investmènt as8ets
12,247
68.934
Unrestricted ReseNes
5,087,634
4,980.728
Key Non-financial Perforniancg Indlcators
We remain monitored by the CQC and the Charity Commission and consult with them periodically lo
ensure ongoing compliance in all areas of our responsibilities.

Stallcombe House
Truslees, Report Iconlinuedl
Finan¢lal R&vlew
We remain ever committed and confident in our ability to deliver on all our key aspeels of our financia
strategy by ensuring fee uplifts are timely and accurate to meet the needs of those we support, we
monitor the markets. through our financial partners, to ensure we make the most ol our funds and
investments and we continually invest in our staff to maximise the potential of all that we employ lo
deliver a care package second to none.
Our financial position is as secure as we can make rt in an ever changing political and financial
climate of today.
Our investment in the Stalleombe sile is clear and communicated lo all and reflects the needs of those
we support as well as the environment and the local community. By investing wisely. we can
accommodate all that we wish to achieve IhToughoul this reporting period and into the future
The board work closety with the management team and our financial partners lo ensure our
investments are as secure and profitable as possible whilst monitoring local and global trends
accordingly. These are monitored and updates are made available at every board meeting.
With the rising costs of every aspect of the care sedor and local and global costs increasing the
political and financial fields are ever changing and we, as a board of Iruslees and senior managers.
recognise the need to address these challenges not just al our scheduled board meetings but also al
a local level through weekly team meetings. This ensures that all areas of the sile are aware of the
challenges laced and can adapt accordingly should the need for action arise.
Policy and Re8erve8
The board and senior managers. along with our ffnancial partners, have agreed lo hold a reserve of
£6DO,ODO in order to mitigate identified r1sks. This is reviewed al board meetings as is our Investment
Policy to ensure il meets the ever-changing financial needs of Slallcombe.
Principal Funding Source8
Our principal fvnding source remains on a 4-weekly basis from the ewJhleen local authorities involved
in the care needs of all we support.
Each amount is specific lo the needs of each individual and therefore varies.
Plans for Future Perlod
Aims and Objg¢tive$ for Futurg P8riods
With the development of our website and online presence increasing we believe we are more than
meeting the needs of not only the people we support but the wider community. This has greatly
enhanced our recruilmenl potential which in turn reduces our costs for agency staff thus ensuring
greater continuity foi the people we support and staff.
We aT& continuing our schedule of building works. The monies for this will be drawn from our capital
and reserve funds.
Activities Planned to Achieve Aims
We are excited to have launched a day SerV￿e al Biclon in January 2025. This is a pilot currently, bul
we believe thi5 will align well with our existing activity, provide development opportunilies for staff and
an additional incorne stream.
Investments and long-term savings- local and global financial markets will be closely monitored by us
and our financial partners lo ensure the best returns for our funds. Investments are under active
review.

Stallcombe House
Trustees, Report (continued)
Ensure reviews with local aLJthorilies are carried out in a timely manner and address the individual
needs of all those we support consideration being given lo our aging population. Age will not be a
barrier lo living al Slallcombe nor will it deter from being a centre of excellenee for the care
communrty.
Continue lo develop the Stallcombe sile lo its full potential whilst being mindful of environmentsl and
ecological needs of the community.
Structure, Governance and Management
Nature of Govemlng Document
The charity is limitsd by guarantee the goveming document being the memorandum and articles of
association. The charity is incorporated in England and Wales (Company Registration Number
016006781 and is registered with the Charity Commission (Regislralion Number 2838771.
Recruitment and Appolntment of Trustee8
The board is governed by the articles of association in that trustees are appointed al the annual
general meeting or co-opted mid-term accordingly
Usgr Tnt$tees
As per our articles of association a￿hOUgh al this point there are only two user Iruslees with relatives
living in Stallcombè who are and will remain beneficiaries of the charity.
Induction and Training of Trustees
As above new trustees are appointed al the annual general meeting or co-opted mid-term if
necessary Each new Iruslee will have the opportunity to introduce themselves lo the board and
senior managers. Once relevant checks are suc￿SsfullY completed the new trustee will be formally
accepted by the board. The new Iruslee will be invited to Slallcombe for a comprehensive induction
where they will view the sile, meet residents and staff. They will be officially signed in lo the online
Iraining sile and actively encouraged lo complete all mandatory training as undertaken by any new
member of the team
The charity has appiopriale trustees, indemnty insurance in place.
Arrangements for Setting Kay Management Personngl R6mungratlon
The salaries of senior managers i.e. Chief Executive Officer, Head of Care Operations and Finance
Manager are agreed by the board on a yearly basis after consideration of performance and bench
marking against regional pay of similar organisalions.
Organlsatlonal Structur•
Day lo day running of the organisalion is the responsibility of the senior managers empowered by the
trustees.
Trustees are invited lo the weekly team meetings as well as four board meetings per year and any
other Su￿comMitteeS they are acts'vely encouraged lo sil upon.

stallcombe House
Trustees, Report (continued)
Relationships with Interested Partias
Stsll¢omb8 Eco Pow&r Ltd
This is a wholly owned trading subsidiary of Siallcombe House.
Funds held a8 Custodian Trustees on Behalf of Others
The charity acts as agent for several of the people we support and collects benefits on their behalf
These benefits are paid into a ring-fenced back account which Slall¢ombe House operates as agent.
and it Is used lo pay resident's expenses including their contributions lo Stallcombe House's fees.
The charity also operates a number of residents, own accounts as their appointee.
The balance on these bank accounts on 30 June 2024 was £209.48212023 £199,344). These
balances are not included in the statement of financial aclivilies or balance sheet in accordance with
the Charitie5 SORP FRS102.
Major Rlsks and Management of those Risks
Key Personnel
Recruilmenl and retention is often challenging al limes. bul this is acknowledged by the Iruslees and
risk is managed accordingly
The communication strategy adopted by all al Stall¢ombe is vital in ensurino all staff have their say in
one forum or another whether rt be through 5tsff Surveys, staff engagement events or the weekly team
meetings.
Safeguardlng
Trustee5 have a diiecl role in managing this risk by ensuring all Standards are met i.e. training,
essential reporting platforms In place, thorough investigations carried out by competent staff.
Trustees welcome and learn from input from the CQC or Charities Commission.
Funding Cut5
Trustees and senior managers are very much aware of how local and national economic situations
can have a detrimental effect on funding levels sel by local authorities and this is offset by having
adequate reserves in pla￿ at all limes.
This is kept under constant review by the Head of Finance and Head ol QperaliDns lo ensure we can
support the needs of our residents. The board Tecognises that Tesources are stretched in the care
sector
Resident Vacancie8
The Iruslees and senior managers understand that having vacancies is delrimenlal lo our income
stream bul carry that risk until such time as necessary and essential improvements are made lo the
living accommodation of those we support.
Unplanned Ev&nts Impacting our Estate and Buildlngs
With the ever-changing clirnale both locally and globally Iruslees are vey much aware that the need
for ulmosl protection and regular maintenance Is essential lo ensure the lifespan and durability of our
buildings.
This risk is miligaled by a maintenance programme and ensuring good relations with local
tradespeople.

Stallcombe House
Trustees, Report (continued)
Factors Outside of our Control
Our Risk Register is reviewed al every board meeting to ensure that we are able lo mitigate any risks
presented such as the re￿nI Covid 19 pandemic.
Investment Risk
This is regula¥ly reviewed by the board and al the Finance sub<ommittee meetings. Thi5 risk is
mitigated by not holding all our reserves in investments but keeping a proportion in cash deposits held
by a national bank offering excellent interest rates.
Financial Instruments
Objectives and Policles
The charity manages this risk by only having basic financial instruments.
Credit Risk
The charity'5 principal financial assets are bank balances and cash, trade and other receivables. and
investments. The charity's credit risk is primarily attributed lo ils trade receivables. The amounts
presented in the balance sheet are nel of allowances for doubtful receivables. An allowance for
impairment is made where there is an identified loss event which. based on previous experien￿, is
evidence of a reduction in the recoverability of the cash flows.
The credit risk on liquid funds is limited because the counterparties are banks with high credil-ralings
assigned by inlemalional credit-rating agencies.
The charity has no significant concentration of credit risk, with exposure spread over several
government authorilses.
Liquidity R18k
In order lo maintain liquidity to ensure that suffieienl funds are 8vaiLgble for ongoing operations and
future developments, the charity keeps sufficient unrestrieled reserves in ieadily accessible bank
accounts. Further details regarding liquidity risk can be found In the slalement of accounting policies
in the financial statements.
Creditor Payment Pollcy
The charity pays all its debts within the agreed payment terms.
Disclosure of Infomiatlon to Auditor
Each trustee has iaken steps that they ought to have taken as a tnjstee in orcler lo make themselves
aware of any relevant audit information and to establish that the Charity's auditor is aware of that
infomalion. The trustees confirm that there is no relevant informalton that they know of and of which
they know the auditor is unawaro.

Stallcombe House
Trustees, Report (continued)
Statement of Trustees. Responsibilities
The trustees (who are the directors of Slallcombe House for the purposes of company lawl are
responsible for preparing the trustees, report and the financial statements in accordance with the
Un((ed Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice)
and applicable law and regulations.
Company law requires the trustees lo prepare financial slalemenls for each financial year. Under
company law the Iruslees must not approve Ihe financial ststemenls unless they are satisfied that
they give a true and fair view of the slate of affairs of the charitable company and its incoming
SoUr￿S and application of resources. Including the income and expenditure, for that period. In
prepar4ng these linancial slalements. the trustees are required to..
Select suitable accounting policies and apply them consistently,
Observe the methods and principles in the Charities SORP.
stste whether applicable UK Accounting Standards have been followed, subject lo any
malerial departures disclosed and explained in the financial slalemenls.. and
Prepare the financial slalemenls on the going concern basis unless it is inappropriate tr)
presume that the charitable company will continue in business.
iv.
The trustees are responsible for keeping adequate aceounling records that are sufficient lo show and
explain the charitable company's transactions and disclose with reasonable accuracy al any time the
financial position of the charitsble company 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
harilable company and hence for taking reasonable steps for the prevention and detection of fraud
and other irregularities.
Approved by the Iruslees of the charity on 6 February 2025, and signed on ils behalf by..
Karen Maslerton
Chair of Trustees of Slallcombe
10

Stallcombe House
Independent Auditor's Report to the Members of Stallcombe House
Opinion
We have audited the financial statements of Stallcombe House Ilhe 'charitable parent company'l and
115 subsidiaries Ilhe 'group'l for the year lo 30 June 2024. which comprise the Consolidated Statement
of Financial Aclivilies, Consolidated Balance Sheet. Charity Balance Sheet. Consolidated Slalemenl of
Cash Flows and Notes lo the Financial Slalemenls, including a summary of signrficanl accounting
policies The financial reporting framework that has been applied In their preparation is United Kingdom
Accounting Slsnd8rds, comprising Charities SORP - FRS 102 'The Financial Reporting Standard
applicable in the UK and RepLJblic of Ire12nd' and applicable law (United Kingdom Generally Accepted
Accounting Praclicel.
In our opinion the financial statements..
gwe a true and fair view of the slate of the group's and parent charity's affairs as at 30 June
2024 and of Ihe group's incoming resources and application of resources, including 115 income
and expenditure, for the year then ended",
have been properfy prepared in accordance with Unile(J Kingdom Generally Accepted
Accounting Practice.. and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basi$ for opinion
We ¢ondu¢led our audit ln accordance with InlernalionaS Standards on Auditing IUKI {ISAs IUKII and
applicable law. Our responsibilities under those stsndards are further described in the Aud11orfs
responsibilities for the audit of the fi'nancial statements section of our report. We are independent of the
group in accordance with the ethical requirements that are relevant lo our audit of the financial
slalemenls in the UK, including the APB'S Ethical Standard, and we have luifilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit evidence we have
obiained is sufficient and appropriate lo provide a basis for our opinion.
Conclusions relating to going concorn
In auditing the financial slalemenls, we have concluded that the Iruslees 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 ca51 significant doubl on the group's ability lo
continue as a going concern for a period of at least ￿e1ve months from when the original financial
statements were authorised for issue.
Our responsibilities and the fesponsibilities of the Iruslees with respect lo going eoncern are described
in the relevant sections of this report.
Other Infom)ation
The trustees are responsible for the other information. The other information Comprises the information
included in the annual feport, other than the financial slalemenls and our audilorfs ￿pOrt thereon. Our
opinion on the financial statements does not cover the other Infomiation and. except to the extent
otherwise explicitty staled in our report, we do not express any fomi ol assurance conclusion thereon.

Stallcombe House
Independent Auditorfs Report to the Members of Stallcombe House {continued}
In connection with our audit of the financial slalements, our responsibility is lo read the other infomialion
and, in doing so, consider whether the other information is materially inconsislenl with the financial
statements or our knowledge obtained in the audit or olherwise appears lo be materially misstated. If
we identify such material inconsistencies or apparent material misstalemenls, we are required lo
determine whether there is a material misstalemenl in the financial statements or a material
misstatement of the othef information. If, based on the work we have performed. we conclude that there
is a material misstalernenl of this other infomialion, we are required to report that fact.
We have nothing lo report in this regard.
Oplnlon on other matter8 pre8crlbed by the Companiè5 Act 2006
In our opinron, based on the work undertaken in the course of the audit.
the infomalion given in the Trusl*s' report, which includes the Directors, report prepared for
the purposes of company law, for the financial year for which the financia1 slalemenls are
prepared is consislenl with the financial statements.. and
the Directors. report included within the Trustees, Report has been prepared in accordance with
applicable legal requirements.
Matters on which we arn roquirgd to report by gxception
In the light of our knowledge and understanding of the group and the parent ¢haritable company and
ils environment obtained in the course of the audit. we have not identified material misslalemenls In the
Strategic Report and the Trustees. Report.
We have nothing lo report in respect of the following matters where the Companies Act 20(6 requires
us to report to you il. in our opinion..
adequale accounting records have not been kept by the parent charitable company, or returns
adequate for our audit have not be&n ieceived from branches not visited by us.. or
the parent charitsble company financial Statements are nol in agreement with the accounting
records and retums," or
certa1n disclosures of Iruslees remuneralKJn specified by law are not made,. or
we have not received all the information and explanations we require for our audit.
Rosponsibilitièts of trustee8
As explained more fully in the Slalemenl of Trustees, Responsibilities Isel out on page 101, the Iruslees
Iwho are also the directors of the charitable company for the purposes of company lawl are responsible
for the preparat4.on of the financial statements and for being satisfied that they give a true and fair view,
and for such inlemal control as the Iruslees determine is necessary lo enable the preparation of financial
statements that are f￿e from malefial misslatemenl, whether due lo fraijd or error
In preparing the financial slalements. the Iruslees are responsible for assessing the charity'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 Iruslees either intend to liquidate the charity or lo cease
operations. or have no realist￿ altemative but to do so.
12

Stallcombe House
Independent Auditor's Report to the Members of Stallcombe House (continued)
Audltof8 re$pon$ibilities for the audit of the financial Btatgmonts
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole
are free from material misslalemenl, whether due to fraud or error, and lo issue an auditor's report that
Includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an
audit conducted in accordance with ISAS IUKI will always delecl a material misslalement when il exists.
Miss181emenls can arise from fraud or error and are considered material if, individually or in the
aggregate, they could reasonably be expected lo influence the economic decisions of users taken on
the basis of these financial slalemenls.
Irregularities, including fraLJd. are instances of non-compliance with laws and regulations. We design
prO￿d￿reS in line with our responsibilities, outlined above, lo delecl material rllisslalemenls in respeet
of irregularities, including fraud. The extent to which our procedures are capable of delecling
Irregularit￿$, including fraud is detailed below..
As part of our audit planning we obtained an understanding of the legal and regulatory framework that
is applicable lo the Group. We gained an understanding of the charity and the sector in which the charity
operates. and as part of this assessment lo identify the key laws and regulations affecting the charity
land group). The key regulations we identified were compliance with the Care Quality Commission
I'CQC"). and health and safety regulations. We also considered Ih05e18W5 and regulations that have
a direct impact on the preparation of the financial statements such as the Companies Act 2006 and
Charities Act 2011.
We discussed with management how the compliance with Ihese18ws and ￿gUlationS is monitored and
discussed the policies and procedures in place. We also identrfied the individuals who have
responsibility for ensuring that the charity complies with relevant laws and regulatlOn5 and deal with
reporting any issues, if they arise. As part of our planning procedures. we assessed the risk of any non
compliance with laws and re9ulalions on the company's ability to continue trading and the risk of
material misslalemenl lo the accounts.
Based on this understanding we designed our audit procedLJres to identify non-compliance with such
laws and regulations. Our procedures involved the following..
Enquiries of management regarding their knowledge of any non compliance with laws and
regulations that could affect the financial statements As part of these enquiries wè also
discusseLI with management whether there have been any known instances, allegations or
suspicions of fraud.
Reviewed documentation from the CQC regarding inspections, lo confirm compliance with
standards, and ensure continued registration with the CQC through the CQC website.
Reviewed legal and professional costs lo identify any possible non compliance or legal Costs
in respect of non compliance.
Reviewed the trustee board minute5 and filings wrth Companies House.
Enquiries of management regarding their knowledge of any serious incidents that had been
reported during the year lo the relevant authorities
Audited the risk of management override of controls, including through testing journal entries
and other adjustments for appropriateness, and evaluating the business ralionale for significant
transactions outside the normal course of business, of which there were none.
Reviewed estimates and judgements made in the accounts for any indication of bias and
challenged assumptions used by management in making the eslimales.
13

Stallcombe House
Independent Auditors Report to the Members of Stallcombe House {continuedl
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 misslalement in the firnancial 5talemenls. The risk of not detecting
a material misstatement due to fraud is higher than the risk of not delecling one resulting from eiror. as
fraud may Involve deliberate omissions, collusion, forgery, misrepresenlalions, or the override of
internal controls. We are also less likely to become aware of inStsn￿$ of non-compliance with laws and
regulations that are not closely related to events and transactions ref￿¢ted in the financial slatemenls.
A further description of our fesponsibililies is available on the Financial Reporting Council's website al".
www.frc.or
.uklauditorsres
onsibilities. This description fornis part of our auditor's report.
Use of our report
This report is made solely lo the ¢harilable parent company's trustees. as a body. in accordance wilh
Chapter 3 of Part 16 ofthe CoMpan￿S Act 2006. Our audit work has been undertaken so that we might
slate lo the group's Iruslees those mallers we are ￿qUired lo slate lo them in an auditor's report and
for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility
lo anyone other than the charitable pa￿nI company and its trustees as a body. for our audit work, fol
this rewrt, or for the opinions we have fomied.
Sharon Austen (Senior Slatulory Audilorl
PKF Francis Clark
Sigma House
Oak View Close
Edginswell Park
Torquay
Devon
TQ2 7FF
2oLS
14

Stallcombe House
Consolidated Statement of Financial Activities for the Year to 30 June 2024
(Including Consolidated Income and Expenditure Account and Statement of Total Recognised
Gains and Losses)
Note
Unrestrlcted Restrlcted
Funds
Funds
Yearto
30 Jun&
2024
Year
to
30 June
2023
Income and Endowments from..
Donations and legacies
Charitable activities
Other trading activities
Investment Income
Other income
3.827
3.804.738
63.639
54.873
58,137
3.827
5,202
3,804,738 3.488.744
63,639
41,238
S4,873
28,424
58,137
47,731
Totsl income.
3.985,214
3,985,214 3.611.339
Expenditurg on:
Raising funds
Charrtable activities
197,1341
197,1341 1141,9091
14,063.9201 110.403} 14,074,323113.863,9081
Total expendilijre
14.161.0541 110,4031 {4,171,457114,005,8171
Net lexpendrturellincome before investment
gainslllossesl
1175.840} 110.4031 1186.2431 1394.4781
Gainslllossesl on investment assets
14
68,934
68.934
12,247
Net loutgoingsllincome
{106,9061 110,403) 1117.309} 1382,2311
Net movement in funds
{106,9061 {10,4031 (117.309) 1382.2311
Reconciliation of funds
Total funds brought foward
5,087,634
34,009 5.121,643 5,503,874
Total funds carried forward
22
4,980,728
23,606 5,004,334 5.121.643
The slalemenl of financial actwilies includes all gains and losses recognised in the year.
Al income and expenditure derive from continuing a¢livilies.
The notes on pages 19 10 38 fom part of the financial stslements.
15

Stallcombe House
Consolidated Balance Sheet as at 30 June 2024
Note
2024
2023
Fixed assets
Tangible assets
Investments
13
14
2,439,576 2,010.316
858,826
784.479
3,298,402 2,794,795
Current assots
Stocks
Debtors
Cash at bank and in hand
5.719
7,454
238,088 177,185
1.902.189 2,439.678
15
2.145,996 2.624,317
Creditors: Amounts falling due within ong year
16
1440,064} 1297.4691
Nèt current assets
1,705,932 2,326,848
Net a88èts
5,004,334 5,121,643
Funds of the group..
22
Restrictèd income funds
Reslricled funds
23.606
34.009
Unrè8trict•d income funds
Unrestricled funds
Designated funds
2,096,848 4.287,634
2,883,880 800,000
Total unrestricted funds
4,980,728 5,087,634
Total funds
5,004,334 5,121,643
The financial slalernenls on page 15 10 38 were approved by the trustees and aulhorised for issue on
..6.-.2...20.1S................... and signed on Iheirbehalfby..
Karen Maslerton
Trustee
The notes on pages 19 10 38 fofm part ol the financial statements.
16

Stallcombe House
Charity Balance Sheel as at 30 June 2024
Note
2024
2023
Fixgd assets
Tangible assets
Investments
13
14
2,196,574 1.745,873
858,926 784.578
3,055,500 2,530.451
Current assets
Stocks
Debtors
Due within one year
Due after one year
Cash at bank and in hand
5,719
7,454
15
233,905
57,370
303,892 402.004
1.850,241 2,420,191
2,393,757 2,887,019
Credltor8: Amounts falling due within on9 ygar
16
{434.576} 1290,3381
Net current a$sots
1.959.181 2.596,681
Net assets
5.014.681 5.127,132
Funds of the charity:
22
Restricted funds
23.606
34,009
Unrestricted incomo funds
Unreslricled funds
Designated funds
2,107,195 4,293, 123
2,883,880 800,000
Totsl unrestricted funds
4.991.075 5.093,123
Total funds
5,014,681 5,127,132
The financial slalements on page 15 10 38 were approved by the Iruslees and aulhorised for issue on
..6..2.. 2025.
and signed on their behalf by.
Karen Masterton
Trustee
The notes on pages 19 to 38 form part of the financial statements.
17

Nots
Year to
Year to
30Jung 30June
2024
2023
Cash flows from operating activities
Nel cash lused inllprovided by operating activities Ibelowl
148,9241 1264,4961
Cash flows from investing activitigs
Inlerèsl re¢&ivable and similai income
Purchase of tarigible fixed assets
Purchase of investments
Sale of investments
Sale of tangible fixed assets
$4,873
28.424
1541,5051 1166,4151
244,7671 1176.7871
239,353
171,575
3,481
14
14
Nel cash flows used in investing aclivibes
{488,5651 1143,2031
Change in Cash & cash equivalents in reporting period
1537,4891 1407,6991
Cash and cash equivalents at stsrt of period (cash in handl
2,439,678 2.847,377
Cash and cash equivalents al end of perrod (cash in handl
1.902.189 2,439.678
Net loutgoingllincome for the year
Iper Statement of Flnan¢lal Activltle8}
1117.3091 1382,231}
Adjustments for
Depreciation
Investment income
Revaluation of investments
IProfilllLoss on disposal of fixed assets
Decrease in stocks
Ilncreaselldecrease in debtors
(Decreasellincrease in creditors
109,754
93,945
154,873) 128.4241
168,934) 112.2471
19891
1.944
1,735
2.890
160,903) 251,012
142,595 1191,3851
Nel cash flows (used inllprovided by operating activities
148,9241 1264,4961
All of the cash flows are derived from continuing operations.
The notes on pages 19 10 38 fomi part of the financial slalemenls.
18

Stallcombe House
Notes to the Financial Statements for the Year Ended 30 June 2024
Accounting policies
Summary of slgnificant accounting policios and key accounting estimatos
The principal accounting policies applied in the preparation of these financial slalernen15 are sel out
below.
These policies have ￿en consislenlty applied to all the years presented. unless otherwise slated.
statement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by
Charities.. Slalemenl of Recommended Practice applicable lo charities preparing their accounts in
a￿ordanCe with the Financial Reporting Standard applieable in the UK and Republic of Ireland IFRS
1021 leffeclive l January 20191- (Charities SORP IFRS 10211, the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021. They also compty with the Companies Act 2006
and Charities Act 2011.
Basis of prgparation
Slallcombe House meets the definition of a public benefit enlty under FRS 102. Assets and liabilities
are initially recognised al historical cost or Irans8clion value unless otherwise slated in the relevant
accounting policy notes.
The presentation currency is £slerling and the accounts have been rounded to £1.
The charity is incorwrated in England and Wales.
Ils registered office is shown in the Trustees Report.
No slalemenl of financial activities is presented for the charity as permilled by section 408 of the
Companies Act 2006. The charity had a deficit for the financial year of £113,167 12023 deficit
£428.3791.
Basis of con$olidation
The consolidated financial slalemenls consolidate the financial slalements of the charity and ils wholly
owned trading subsidiary. The charity's subsidiary has been sel up lo generate electricity using a solar
array. All profits of the subsidiary will be gift aided back lo the charity to promote ils main aims.
Inler-company transactions. balances and unrealised gains on transactions be￿een the charity and its
subsidiaries. which are related parties, are eliminated in full.
Going Concern
The financial slalemenls have been prepared on a going concern basis
The trustees assess whelher the use of going concern is appropriate i.e. whether there are any material
uncertainties related to events or conditions that may cast signrficant doubl on the ability of the charity
lo continue as a going concem. The trustees make this assessment in respect of a period of one year
from the date of approval of the financial slalemenls and they have concluded that il is appropriate to
complete the accounts on a going concern basis.
19

Stallcombe House
Notes to the Financial Statements for the Year Ended 30 June 2024 (continued)
Accounting policios Icontlnuedl
Judgements
In the application of the charity's accounting policies, management is required lo make judgements.
estimates and assumptions aboullhe carrying value of assets and liabilitie5 that are not readily apparent
from other sources. The eslimales and unclerlying assumptions are based on historical experience and
other factors that are considered lo be relevant. Actual results may differ from these estimates.
Key sources of estimation uncertainty
Depreciation ol tangible fixed assets. This is by nature an estimate and the actual market values of
assets may be drfferenl lo the values presented in the accounts.
Incom•
All income is recognised once the charity has entitlement lo the income, it is probable that the ineome
will be received and the amount of the income receivable can be measured reliably. 11 is slated after
trade discounts, other sales taxes and nel of VAT.
Donations and legacies
Voluntary Income including donations, grFts, legacies and grants is recognised when the charity has
enlillemenl lo the income. il Is Pfobable that the income will be received and the amount can be
measured with sufficient reliability.
Charitable activities
Income from charitable activities includes income re¢ognised as eamed las the related good5 and
services are provided) under contract.
Other tradlng a¢tlvltles
Shop income and income derived from events is recognised as eamed Ithal is as the related goods and
services are provided)
Investment income
Investment income is recognised on a recewable basis.
Other Income
Feed in larifflrenewable healing incentive incorne is reeognised as earned Ilhal is, as the power is
produced).
Expenditure
All expenditure is recognised On￿ there is a legal or conslruclive obl￿allOn lo make a payment, il is
probable settlement is required and the amount can be measured reliably. Expenditure is classified
under the following actwity headings..
Raising funds
These are costs incuffed in attracting voluntary income, the management of investments and those
Incurred in tra￿l￿g activf(ies that raise funds.
Charitablg activitios
Includes the care costs of the residents and daycare visitors, other activities undertaken lo further the
main purposes of the charrty and their assoctated support costs.
20

Stallcombe House
Notes to the Financial Statements for the Year Ended 30 June 2024 Icontinuedl
Accountlng pollcies {contlnuodl
Support costs
Support costs are those functions that assist the work of the charity bul do not dire¢lly undertake
charitable activities. Support costs include finance, adminislralion and governance costs which support
the Irusl's main aims and activities. These costs have been allocated lo charitable aclivilies.
Govemance costs
These include the costs attributable to the charity's compliance with constitutional and slalutory
requirements, including audr(, strategic management and Iruslees, meetings and reimbursed expenses.
Tangible flxed assets
Individual fixed assets costing £100 or more are ini118lly recorded al cost, less any subsequent
accumulated depfecialion and subsequent accumulated impairment losses.
Depreciation and amortisatlon
Deprecialion is provided on tangible fixed assets so as lo write off the cost or valuation, less any
estimated residual value. over their expected useful economic lrfe as follows..
Asset class
Freehold interest in land and buildings
Solar panels (Solar arrayl
Bio-mass boiler
Farm plant
Fixtures. fittings and equipment
Motor vehicles
Computer equipment
Property refurbishments
Assets under construction
Deprociatlon mgthod and rate
2% straight line {buildingsl
4Qkn slraighl line15% slraighl line)
S°k slraighl line
20% reducing balance
20% reducing balance
20% redueing balance
25°A straight line
6.67% straight line
Impaimient of fixod assets
Fixed assets are regularly feviewed for impairment.
The Group has adopted a policy to wrile off items of fam planL fixtures, fittings and equipment over 12
years old and computer equipment that is over 7 years old.
Flxed a$$gt investmonts
Fixefj asset investments are included al market value using the bid price ruling at the balance sheet
dale. Realised gains and losses on inve51menls are calculated as the drfferenee beNveen sales
proceeds and their matkel value al the start of the year. or their subsequent Cost, and are Charged or
credited to the Slalemenl of Financial Aclivrties in the period of disposal.
Unrealised gains and losses represent the movement in market values during the year and are credited
or charged lo the Statement of Financial Activities based on the market value al the year end.
Al the year end. the charity is exposed lo the risk that the value of the investments may fall.
Investment in the subsidiary is recognised al cost.
21

Stallcombe House
Notes lo the Financial Statements for the Year Ended 30 June 2024 (continued)
Accounting policles l¢ontinu•dl
stock
Stock is valued at the lower of cost and eslimaled selling price less costs lo complete and sell, after
due regard for obsolete and slow moving stocks. Cost is determined using the firsl-in. first-out IFIFOI
method.
Tradg debtors
Trade debtors are amounts due from customers for fami products sold or services perfomied In the
ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently reviewed for
impairment. A provision for the impairment of trade debtors is established when there is objective
evidence that the charity will not be able lo collect all ?mounls due according lo the original terms of
the receivables.
Other debtors include the amounts due in respect of residents fees.
Cash and cash equivalonts
Cash and ￿sh equivalents comprise cash on hand and call deposrts. and other short-torm highly liquid
investments that are readily convertible to a known amount of cash and are subject to an insignificant
risk of change in value.
Trade creditors
Trade creditors are obligations lo pay for goods or services that have been acquired in the ordinary
urse of business from suppliers. Accounts payable are classified as current liabilities if the Group
does not have an unconditional right. al the end of the reporting period. to defer settlement of Ihe creditor
for al least ￿e1ve months after the reporting date.
Trade cred((ors are recognised al their settlement amount after allowing for any trade discounts dLte.
Fund structurn
Unreslricled income funds are general funds that ale available for use at the truslees's discretion in
furtherance of the objective5 of the group.
Designated lund5 are unreslricled funds that the charity has set aside for a specific purpose. Thore is
no legal force for the designations.
Restricted income funds are those donated for use in a particular area or for specrfic purposes. the use
of which is resliicled lo that area or purpose.
Ponslons and other post retirement obligations
The Group offers a defined contribution pension scheme lo its employees.
22

Stallcombe House
Notes lo the Financial Statements for the Year Ended 30 June 2024 Iconlinuedl
Accountlng pollcios {continugdl
Financial in8truments
Classification
The group only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments including trade and other debtors, legacies re￿1Vable, amounts due from subsidiary
undertakings, cash al bank balances and short lemi trade and other creditors.
Racognition and measurement
Basic financial instruments are initially wognised al transaction value and subsequently measured al
their settlerrienl va5ue.
Debt instmments
The charity has made a loan to its subsidiary that qualifies as a Public Benefit Entity Concessionary
Loan under the requirements of FRS102.
The loan was initially measured al the amount paid in the charity's balance sheet. The inter group ban
has been eliminated on consolidation.
In Subsequent years the carrying amount of the loan is adjusted lo reflect any accrued interest
re￿1vable or any impairment losses.
The terms of the loan provide for interest to be payable lo the charity al a rate of 1.5% above bank base
rate. The loan is repayable over a period of 25 years.
Derlvatlve flnancial Instruments
The group does not use derivative financial inslrumenls.
23

Stallcombe House
Notes to the Financial Statements for the Year Ended 30 June 2024 {continuedl
Incomo from donations andlggacles
Yearto
30 June
2024
Year to
30 June
2023
Unrestricted Restricted
funds
fund
Donations and legacies
Appeals and donations
3.827
3.827
5.202
3.827
3,827
5,202
Income for the year ended 30 June 2024 included £nil12023'. £2401 in respect of Yeslricted funds
Income from charitable activiti0$
Yearto
30 June
2024
Year to
30 June
2023
Unrestricted
funds
Fee income
3,804,738 3,804.738 3.488.744
Income from othar trading activities
Yearto
30 June
2024
Year to
30 June
2023
Unre$lrictod
funds
Trading income..
Farm Income
Feed in larifflrenewable healing incentive
Craft sales
22.373
40,663
603
22.373
40.663
603
32,669
8,569
63,639
63,639
41.238
Invgstment Incom&
Year to
Unrestricted 30 June
funds
2024
Yearto
30 Junè
2023
Interest receivable and similar Income..
Interest re￿1vable on bank deposits
Other incorne from fixed asset investments
41,162
13,711
41.162
13,711
15,184
13,240
$4,873
54,873
28,424
24

Stallcombe House
Notes to the Financial Statements for the Year Ended 30 June 2024 Icontinuedl
other income
Yearto
Unrestrfctsd 30 June
funds
2024
Year to
30June
2023
Income of trading subsidiary
58,137
58,137
47,731
58,137
58,137
47,731
Expendlturo on raising funds
Costs ol trading actlvltios
Year to
30 June
2024
Ygarto
30 June
2023
Unrestricted
fund$
Farm trading costs
Trading subsidiary costs
17.516
71,320
17,516
71,320
37,857
96,025
88,836
88,836 133,882
bl
Invostment management costs
Year to
30 June
2024
Yearto
30 June
2023
Unrestricted
funds
Other investment management costs.
Amounts payable to investment managers
8,298
8,298
8.027
8 al Expenditur• on charitable actlvltles
Total
Year to
30 Jun9
2024
Total
Year to
30June
2023
Activity
undèrtakèn
Dirèctly
Activlty
support
costs
Staff costs
Household expenses
Utility costs
Residents, costs
Other costs including depreciation
3.330.591
171,357
104,872
12,972
3,330,591 3,098,107
171,357
165.614
104.872
113,005
12.972
30,574
454,531 456,608
454,531
3,619,792
454,531 4,074,323 3,863,908
£4,063,920 (Year to 30 June 2023 £3,861,604) of the above expendittjre was attributable lo
tjnrestricted funds and £10.403 (Year lo 30 June 2023 - £2.30411 to reslricled funds.
25

Stallcombe House
Notes lo the FinancFal statements for the Year Ended 30 June 2024 Icontinuedl
8 bl 8upportC08ts alkncated lo charltsble aC￿v￿oI
Total
Yearto
30 June
2D24
Total
Yearto
30 June
2023
G0￿MIne•
eo¥ts
Prfjrnls8B Othersupport
eos
8tsff costs
costs
In¥urJnce
Sundry Expgnsq¥
Premises
Property and equlkThenl repAlr4
Officp
Print. post ènd Stabonlry
Trnlnlng and subsert￿On*
Equlprnent hlre
MoloreipeDs95
Professional and rèylstyotbn f
Prolesskjnal fe
BJDk charges
A¢couniancy
49,QJt
49.031
7.606
12.786
SJ.264
04,039
5,933
30.147
1.$89
28,402
5,682
8.555
3.309
47,5B3
43,557
10.049
23.575
53,476
56,387
6.793
37.448
13.768
26.520
3.790
37.232
3.492
32.43
11786
53,164
36M18
49,021
5,933
JO.147
26,402
S.682
39
3,JOS
7,lQ1
47,$83
Audit of fina￿1￿1 ¥ts¢ement¥
Other fees pald to a￿d￿ar1
Tru$tee5' remuneratSon alld exponles
21.600
11J,819
146
21.600
10.819
145
86,020
1.021
18.000
19.738
7&070
9,960
63.438
5.919
Oth•r
47.271
6&166
151.
142,636
47,992
4HS31
456.608

Stallcombe House
Notes to the Financial Statements for the Year Ended 30 June 2024 (continued)
Ngt outgoinglincoming resources
Nel oulgoinglincoming resources for the period include..
Year to
30 June
2024
Year to
30 June
2023
Operating leases- plant and machinery
Audit fees
IGainllLoss on disposal of fixed assets held for the group's own use
Depreciation ol fixed assets
Depiecialion of trading subsidiary assets
1,589
22,213
{9891
88,314
21,441
13,788
18,000
1,944
72,503
21,442
10
Trustees rgmuneration and expensgs
During the year the group reimbursed expenses tota11ing £145 to one Trustee in respect of travel,
printing and slalionery associated wrth Trustee meetings (Year lo 30 June 2023. £990 to one Trustee
for travel, printing at)d stationery associated with Trustee meelingsl.
A Letten (previously D Davis-Briggs and G Towningl is the nominated staff Iruslee and all were
employees prior lo their appointments. They receive no additional remuneration lor the Tole as a trustee
of the charity.
No trustees. nor any persons connected with them, have rece*ved any remuneration from the group
during the period except as disclosed above. No Iruslees have received any other benefits from the
charity during the period.
Stsff costs
The aggregate payroll c051s were a5 follows..
Yoarto
30June
2024
Yearto
30 June
2023
Staff costs during the period were..
Wages and salaries
Social security costs
Pension costs
Other staff costs
2.350,096 2,289.646
284,339
196.068
47,597
66.849
672.908 $82.992
3,354,940 3,135,553
27

Stallcombe House
Notes lo the Financial Slalements for the Year Ended 30 June 2024 Icontinuedl
11
Staff costs Icontinuedl
The average monthly head count was 89 staff (Year to 30 June 2023 - 87 slaffj. The monthly average
number of persons lin¢luding senior managerllenl leaml employed by the group during the period
expressed as full lime equivalents was as follows-.
2024
No
2023
No
Charitable activities
82
83
6812023 - 721 of the above employees partripated in the Defined Contribution Pension Schemes.
Contributions lo the employee pension schemes for the period lotslled £47,597IYeor lo 30 June 2023
£66.8491
During the period, the group made lefminalion payments which totalled £Nil (Year lo 30 June 2023
£13,750).
Four employees received emoluments of between £60,000 and £70,000 during the year (Year lo 30
June 2023 no annualised emoluments exceeded £60.0001.
The total employee benefits of the key management personnel ol the group were £137,360 for the year
(Year lo 30 June 2023- £210.5671.
12
Auditor8. remuneration
Year to
30Jung
2024
Yèarto
30 June
2023
Audit of the financial statements
21,600
18.000
Other foes to auditors
Al other non-audil services
10.819
19,738
28

[￿00
ONO
ovo
¢DU)
ro)
73 tr)¢D

)ryJ
Nro
Lnrj
trJOO
) Lf)
¢0
ovo
In

Stallcombe House
Notes to the Financial Slatemenls for the Year Ended 30 June 2024 (continued)
14
Fixod asset investrnènts
Group
Llsted Investm&nts
Year to
30 Juno
2024
Yearto
30 June
2024
At Market Value
At 1 July 2023
784.478 767.019
Additions
Disposals
Revaluation
244.767
176.787
1239,3531 1171,5751
68,934
12.247
Al 30 June 2024
858.826 784,478
Investments Include cash of £20.307 at 30 June 2024. The cost of the listed investments a130 June
2024 was £797,46512023 - £770,3541. The nel revaluation gains of £68,934 for the period include
£14,991 of realised gains and £53.943 of unrealised gains.
Charity
Year to
30 June
2024
Y&arto
30 June
2023
Shares iri subsidiary
Other investments
100
100
858,826 784,478
858,926 784,578
Subsidiary
Cost and Net book value
At 30 June 2023 and 30 June 2024
100
The charity owns 1000/0 of the ordinary shares and voting rights in Stallcombe Eco Power Ltd. a
company incorporated in England and Vvales Icompany number 95597431 with the same registered
office as the charty. Ils principal activity is the generation of electricity and il is consolidated in these
accounts.
The loss for the year to 30 June 2024 of Slallcombe Eco Power Ltd was1£4,8591 (year to June 2023-
profil of £26,595) and the aggregate amount of capital and reserves al the end of the year was a deficit
of1£10,248112023- £5,3891
Tumover for the year to 30 June 2024 was £84.183 (year lo 30 June 2023- £157,761).
Expenditure ft)r the year lo 30 June 2024 was £89,042 (year lo 30 June 2023- £131,166).
31

Stallcombe House
Notes to the Financial Slatements for the Year Ended 30 June 2024 (continued)
Dobtor8
Group
2023
Charity
2024
2024
2023
Trade debtors
Due from group undertakings
Prepayments
Other debtors
33,595
30,671
33,595
30,671
303,892 288,709
61,088
55,626
139.222
84,368
65,272
139,221
56,969
89,545
238.088
177,185
537.797 459,374
Charity debtors includes £320,74712023' £402.0041 receivable after more than one year.
Creditors: amounts falllng dua wlthln one year
Group
2023
Charity
2024
2024
2023
Trade creditors
Other laxalk)n and social security
Other creditors
Accruals and deferred income
192,930
143.198
11,978
91.958
95,752
60.262
26,155
115.300
192,930
142.376
11,978
87,292
92.929
60,262
26.154
110,993
440,064
297,469
434,576 290,338
17
Obligatlons und&r1oasg$ and hire purchasg Contracts
Op8rating lease commitmènts
Total ftjlure minimum lease payments under non-cancellable operating leases are as fo11ow5'.
Group
2023
Charlty
2024
2024
2023
Other
Between one and five years
6,921
8,993
6.921
8,993
32

Stallcombe House
Notes to the Financial Statements for the Year Ended 30 June 2024 (continued)
18
Capitsl commitments
AI 30 June 2024 the Charity had a capital commitment of £172,009 in respect of the contract for a
building that was under construction al the year end.
19
Funds Rg¢0ivod as Agent
Stallcombe House acts as agent for several of its residents and ¢olle¢ts benefits on their behaK. These
benefits are paid into a ring-lenced bank account which Slallcombe House operates as agent, and il Is
used lo pay residents expenses including their contributions lo Slallcombe House's fees. Slallcombe
House also operates a number of residents, own accounts as their appointee.
The balance on these bank accounts al 30 June 2024 was £2(￿,730130 June 2023- £199,344). These
balances are not included in the statement of Financial Activities or balance sheet in accordance with
the Charities SORP FRS102. The lotsl amount received into these accounts during the year was
£270,17112023 . £285.1511 and the lolal payments in the year were £262,78512023 .. £393.2851
20
Charlty status
The charity is limited by guarantee, incorporated in England & Wales, and consequently does not have
share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets
of the charity in the event of liquidation.
21
Pension Commitments
There a￿ no pension commitments for the subsidiary. Current pens10n contributions for the charity
owed at the year end and provided for in the accounts amounted lo £10,7601202> £10,940).
33

Stallcombe House
Notes to the Financial Statements for the Year Ended 30 June 2024 (continued)
22
Funds
Group
Currant Perlod
Balance at 1
Transfers & Balance at
July Incoming R•sourcgS
recognlsed 30 June
2023 resources
expended gainslllossesl
2024
Unre$trictod funds
General Unreslricled funds
4,287,634 3,985,214 14,110,018) 12.065.98212,096,848
Designated Building Projects fvnd 800.000
1190,3181 609,682
Oesignaled Redundancy fund
250,000 250,000
Designated Vehicle fund
50,000
so,000
Designated Land and Buildings fund
2.025,234 1,974,198
151,0361
5,087,634 3,985,214 14.161,0541
68,934 4,9BO,728
Restricted tunds
Social fund
Willows fund
Computer fund
30,255
332
3,422
16,6491
13321
13,4221
23,606
Total restricted funds
34,009
110,4031
23,606
Total funds
5.121,643
3,985,214 14.171,4571
68,934 5,004,334
Prevlou8 Period
Balancg at 1
Tran$f8rs & Balance al
January Incoming Resources
re¢ogni8ed 30 Juno
2022 resourc8s
expended gainslllossesl
2023
Unrestrictod funds
General
Unreslncled funds
Designated Building Projects fund
Revaluation reserve
5,467,801 3.611.099 14,003,513)
1787.75314.287.634
800.000 800.000
5.467.801 3,611,099 14,003,513}
12,247 5,087,634
Restricted funds
Social fund
Wllows fund
Computer fund
32,319
332
3.422
240
12,3041
30,255
332
3.422
Total restricted funds
36,073
240
12,3041
34,009
Totsl funds
5,503,874
3,611,339 14,005,817)
12,247 5,121,643

Stallcornbe House
Notes to the Financial Statements for the Year Ended 30 June 2024 {continuedl
22
Funds
Charity
Current Period
Balance at 1
Transfgrs & Balance at
July Incoming Resources
recognised
30 June
2023 resources
expended gainslllosse8}
2024
Unrestricted fund$
General Unreslricled funds
4.293.123 3,944,798 14,064.7441 12,065,98212.107,195
Designated Building Projects fund 800.000
1190,3181 609,682
Des1gnaled Redundancy fund
250,000 250,000
Designated Vehicle fund
50,000
50,000
Designated Land and Buildings fund
2,025.234 1.974,198
151.0361
5,093.123 3.944,798 14,115.7801
68.934 4.991,075
Restricted funds
Social fund
Willows fund
Computer fund
30,255
332
3,422
16,6491
13321
{3,4221
23,606
Total rgstricted funds
34.009
110,4031
23,606
Totsl funds
5,127,132 3,944.798 {4.126.1831
68,934 5.014,681
Provlou$ Poriod
Balance at 1
Tran8fer8 & Balancè at
January Incomlng Re$ourc9S
recognised 30 June
2022 resources
expended galn8111088esl
2023
Unrestrlctsd funds
General Unrestricted funds
Designated Building Projects fund
Revaluation reserve
5,519,439 3,581,882 14,020,445)
1787,75314.293,123
800,000 800,000
5,519,439 3.581,882 14,020,445)
12,247 5,093,123
Restricted funds
Social fund
Ilows fund
CompuleT fund
32.319
332
3.422
240
12,3041
30,255
332
3,422
Total restricted funds
36,073
240
12,3041
34.009
Total funds
5.555.512 3,582,122 14,022,749)
12,247 5.127.132
35

Stallcombe House
Notes to the Financial Statements for the Year Ended 30 June 2024 Icontinuedl
22
Funds (continued)
The specific purposes for which the funds are lo be applied are as follows..
Social fund to assist with the payment of social events for the beneficiaries of the charity.
Willows fund- for the building of the unil and for the purchase of equipment required lo benefit the
beneficiaries of the Willows unil.
Computer fund - to assist in the purchase of computer equipment for chaiity use.
Designated building proiects fund - this represents funds sel aside for stages 4 and 5 of the building
projects.
Designated redundancy fund- an emergency fund towards redundancy c051 in the event that the
Charity cannot continue lo operate.
Designated vehicle fund to provide for rolling replacement of vehicles.
Designated land and buildings fund- represents Ihe value of the funds held as land and buildings and
required for the day lo day operation of the charity.
23
Analysis of net asséts between funds
Group
Total funds
Unrn8trlctodDeslgnated Restrictèd 30 Jung
funds
funds
funds
2024
Tangible fixed asse15
Fixed asset investments
Current assets
Current liabilities
465,378 1,974,198
858.826
1.212,708
1440,0641
2.439,576
858,826
23,606 2,145,996
1440,0641
909,682
Total nel assets
2,096,848 2,883,880
23.606 5.004,334
Previous pgriod
UnrostrictedDgsignated Restricted
funds
fund8
fund8
30 June
2023
Tangible fixed 8ssels
Fixed asset investments
Current assets
Current liabilities
2.010,316
784,479
1.790,308
1297,4691
2,010,316
784.479
34,009 2.624.317
1297,4691
800.000
Total nel assets
4,287,634
800,000
34.009 5, 121.643

Stallcombe House
Notes to the Financial Statements for the Year Ended 30 June 2024 {continuedl
23
Analysis of nèt assets between fundB Icontinuedl
Charlty
Total funds
Unre$trict8d D9signatgd Restrictad 30 June
funds
funds
funds
2024
Tangible fixed assets
Fixed asset investmen15
Current assets
Current liabilities
222,376 1,974, 198
858,926
1,460,469
1434,5761
2,196,574
858.926
23.6(6 2,393,757
1434.5761
909,682
Total nel assets
2,107.195 2,883,880
23,606 5,014.681
Previous perfod
Unrè8trictedDe$ignated Restricted
funds
funds
funds
30June
2023
Tangible fixed assets
Fixed a5sel investments
Current assets
Current liabilities
1,745,873
784.578
2,053.010
1290.3381
1.745.873
784,578
34,009 2,887.019
{290.3381
800.000
Total nel assets
4,293, 123
800,000
34,009 5,127,132
24
Related party trnnsactlons
User and staff trustees
The user Iruslees are directors of the charity that have relatives who are beneficiaries of the charity that
enjoy the same benefits as unrelated beneficiaries. During the period there were three user Ifuslees
lye8r lo 30 June 2023 - Ihreel. As explained in Note 10 there is also one staff Iruslee. At the balance
sheet date the amount due lolfrom user and staff Iruslees was £nil12023 4nill.
stallcombe Eco Power Ltd
IA wholly owned trading subsidiary of the charity)
Dunng the 2015 yearlhe charity made a loan lo Slallcombe Eco Powef Ltd and interest is being charged
on this loan.
During the year the charity has purchased electricity from Slalkombe Eco Power Ltd in the sum of
£26,04612023 - £94.4431. At the balance sheet date the amount due from Stallcornbe Eco Power Ltd
to the Charity was £303,89212023- £288,709).
DonalKJns in kind of professK)nal services were made by trustees during the year. They are eslimaled
to be valued al £15.000 and there were no conditions allached. These donations have not been
included in these a￿UnIs(2023". £10.0001.
25
Taxation
The group comprises a registered charity whieh is the￿fore exempt from direct laxalion and a tfading
subsidiary wh￿h is liable lo Corporation tax on any profits not grft aided lo the charity.
37