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2025-06-30-accounts

Registered number: 01600678 Charity number: 283877

STALLCOMBE HOUSE

(A company limited by guarantee) TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

STALLCOMBE HOUSE (A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the Charity, its Trustees and advisers 1
Trustees' report 2 - 5
Independent auditors' report on the financial statements 6 - 8
Consolidated statement of financial activities 9
Consolidated balance sheet 10 - 11
Charity balance sheet 12 - 13
Consolidated statement of cash flows 14
Notes to the financial statements 15 - 40

STALLCOMBE HOUSE (A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 JUNE 2025

Trustees K Masterton (Chair)
A Letten
C Retallack
T Hobson (appointed 6 June 2025)
R Colley (appointed 2 December 2024)
N Dunn (appointed 6 June 2025)
T Dent (appointed 6 June 2025)
A Bradley (appointed 12 June 2025)
T Gifford (resigned 23 August 2024)
R Stevens (resigned 24 July 2024)
A Liverton (resigned 17 May 2025)
Company registered
number
01600678
Charity registered
number
283877
Registered office
Stallcombe House
Sanctuary Lane
Woodbury Salterton
Exeter
Devon
EX5 1EX
Company secretary
V Eul (appointed 1 December 2024; resigned 8 August 2025)
Senior Management
Team
S Nye (CEO)
C Bright (Head of Operations)
A Harper (Head of Finance)
Independent auditors
Griffin
Chartered Accountants
Courtenay House
Pynes Hill
Exeter
EX2 5AZ
Bankers
Natwest Westminster Bank PLC
Solicitors
Tozers
Broadwalk House
Southernhay West
Exeter
EX1 1UA

Page 1

STALLCOMBE HOUSE (A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 30 JUNE 2025

The Trustees present their annual report together with the audited financial statements of the Charity for the year 1 July 2024 to 30 June 2025. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Since the group and the Charity qualify as small under section 383 of the Companies Act 2006, the Group strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities

a. Policies and objectives

The objects of the charity are:

To achieve these aims, the charity provides a safe, warm, and supportive environment, where each resident has his or her own private room, a range of activities to take part in and lots of wide-open spaces to explore as well as integrating into the local community through activities such as Sailability, cricket tournaments, horse riding, swimming and many more.

The charity is committed to listening to and understanding our residents, their families, our staff, and professionals through consultation, being forward thinking and by being person centred.

The charity’s residential care operations are regulated by the Care Quality Commission which, following its latest inspection in June 2025, has rated its services as Good overall with many areas rated Outstanding which highlights all the resident centred care and exceptional leadership.

One of our key objectives was to branch out further into the community to deliver a day care service to those who do not have the opportunities that a residential setting, like Stallcombe, offers. Our Bramley Barn service based within Bicton College has proved a huge success not only in continuing a much-needed service but by providing twinning opportunities for our residents and theirs.

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

Page 2

STALLCOMBE HOUSE (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

Achievements and performance

a. Main achievements of the Charity

We are extremely proud of our achievements and performance this year as recognised in our most recent CQC report which gave us an overall rating of Good with many elements rated as Outstanding.

The Stallcombe Community Team have been nominated for nine, charity wide and individual, awards at the South West Care Awards this year which again recognises all the excellent work by our team. Our motto being One Team, One Dream.

All our residents now have their own bathrooms, a refurbished kitchen for the cottage and an inclusive space that is the Roundhouse.

Our planning for the future of Stallcombe has always been to maintain and develop our existing community and over this reporting year we have achieved so much whilst working in partnership with all our interested and invested parties from other charitable groups to local builders.

One of our main objectives has been to further develop our day care services and this has proved successful with numbers steadily growing and our partnership with Bicton College strengthening.

All of our achievements, throughout this reporting period, have been to acknowledge the continuing needs of our residents and recognise the continuing contribution we make to their lives and those of our local community.

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. Reserves policy

The board and senior managers, along with our financial partners, have agreed to hold a reserve of £600,000 in order to mitigate identified risks. This is reviewed at board meetings as is our Investment Policy to ensure it meets the ever-changing financial needs of Stallcombe.

c. Financial review

The trustees recognise, acknowledge, and commend the immense determination and perseverance shown by our Head of Operations and Finance Manager in order to achieve anything near the fees required to provide for our residents not just on a daily basis but throughout the reporting year. We recognise and appreciate that local authorities have limitations on their budgets but if their residents are to remain at Stallcombe then fees need to match the needs of all those residents equitably.

Page 3

STALLCOMBE HOUSE (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

Structure, governance and management

a. Constitution

The charity is limited by guarantee the governing document being the memorandum and articles of association. The charity is incorporated in England and Wales (Company Registration Number 01600678) and is registered with the Charity Commission (Registration Number 283877).

b. Methods of appointment or election of Trustees

The board is governed by the articles of association in that trustees are appointed at the annual general meeting or co-opted mid-term accordingly. All new trustees undergo induction and are actively encouraged to attend trustee networking events organised by local accountants and charity partners.

The charity has appropriate trustees’ indemnity insurance in place.

Day to day running of the organisation is the responsibility of the senior managers empowered by the trustees.

The trustees are legally responsible for the governance and control of the Stallcombe Community. Trustees are invited to the weekly team meetings as well as four board meetings per year and any other sub-committees they are actively encouraged to sit upon. Board meetings are face-to-face but sub-committees can be face-to-face or online. The trustees maintain contact with the CEO as the need arises and attend specific meetings as mandated by the board in order to maintain trustee oversight in appropriate areas.

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the Charity for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. 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 state of affairs of the Group and the Charity and of their incoming resources and application of resources, including their income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Group and the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Group and 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 Group and the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 4

STALLCOMBE HOUSE (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

Disclosure of information to auditors

Each of the persons who are Trustees at the time when this Trustees' report is approved has confirmed that:

Auditors

The auditors, Griffin, have indicated their willingness to continue in office. The designated Trustees will propose a motion reappointing the auditors at a meeting of the Trustees.

Approved by order of the members of the board of Trustees on _______ and signed on their behalf by: 

25/02/2026

K Masterton

(Chair of Trustees)

Page 5

STALLCOMBE HOUSE (A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF STALLCOMBE HOUSE

Opinion

We have audited the financial statements of Stallcombe House (the 'parent charitable company') and its subsidiaries (the 'group') for the year ended 30 June 2025 which comprise the Consolidated statement of financial activities, the Consolidated balance sheet, the Charity balance sheet, the Consolidated statement of cash flows and the related notes, including a summary of significant accounting policies. 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 in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council'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 and appropriate to provide a basis for our opinion.

Conclusions relating 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 to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Page 6

STALLCOMBE HOUSE (A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF STALLCOMBE HOUSE (CONTINUED)

Other information

The other information comprises the information included in the Annual report other than the financial statements 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 to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements 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.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

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 company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the Group's and the parent charitable company's ability to 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 to liquidate the Group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.

Page 7

STALLCOMBE HOUSE (A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF STALLCOMBE HOUSE (CONTINUED)

Auditors' responsibilities for the audit of the financial statements

We have been appointed as auditor under section 152 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' 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 (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our audit procedures have reviewed for evidence of managment override, any ongoing legal cases, completeness of related party transactions, as well as on ongoing consideration of fraud and irregularities during the whole audit process.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.

Use of our report

This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Griffin

Chartered Accountants Courtenay House Pynes Hill Exeter EX2 5AZ

Date:

Griffin are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.

Page 8

STALLCOMBE HOUSE (A company limited by guarantee)

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 JUNE 2025

Note
Income from:
Donations and legacies
4
Charitable activities
5
Other trading activities
6
Investments
7
Total income
Expenditure on:
Raising funds
8,9
Charitable activities
10
Total expenditure
Net (expenditure)/income before net
gains on investments
Net gains on investments
16
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Restricted
funds
2025
£
100
-
-
-
100
-
3,277
3,277
(3,177)
-
(3,177)
23,606
(3,177)
20,429		 Unrestricted
funds
2025
£
3,746
3,742,634
91,577
51,952
3,889,909
63,323
3,795,430
3,858,753
31,156
19,657
50,813
4,980,728
50,813
5,031,541		 Total
funds
2025
£
3,846
3,742,634
91,577
51,952
3,890,009
63,323
3,798,707
3,862,030
27,979
19,657
47,636
5,004,334
47,636
5,051,970		 Total
funds
2024
£
3,827
3,804,738
121,776
54,872
3,985,213
97,133
4,074,323
4,171,456
(186,243)
68,934
(117,309)
5,121,643
(117,309)
5,004,334

The Consolidated statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 15 to 40 form part of these financial statements.

Page 9

STALLCOMBE HOUSE

(A company limited by guarantee) REGISTERED NUMBER: 01600678

CONSOLIDATED BALANCE SHEET AS AT 30 JUNE 2025

Note
Fixed assets
Tangible assets
15
Investments
16
Current assets
Stocks
17
Debtors
18
Investments
19
Cash at bank and in hand
Current liabilities
Creditors: amounts falling due within one
year
20
Net current assets
Total assets less current liabilities
Net assets excluding pension asset
Total net assets
Charity funds
Restricted funds
21
Unrestricted funds
21
Total funds		 5,801
237,900
515,440
1,181,486
1,940,627
(391,406)		 2025
£
2,752,749
750,000
3,502,749
1,549,221
5,051,970
5,051,970
5,051,970
20,429
5,031,541
5,051,970		 5,719
238,088
504,575
1,397,614
2,145,996
(440,064)		 2024
£
2,439,576
858,826
3,298,402
1,705,932
5,004,334
5,004,334
5,004,334
23,606
4,980,728
5,004,334

Page 10

STALLCOMBE HOUSE

(A company limited by guarantee) REGISTERED NUMBER: 01600678

CONSOLIDATED BALANCE SHEET (CONTINUED) AS AT 30 JUNE 2025

The Charity was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the entity to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

However, an audit is required in accordance with section 152 of the Charities Act 2011.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees on _______ and signed on their behalf by: 

25/02/2026

K Masterton

(Chair of Trustees)

The notes on pages 15 to 40 form part of these financial statements.

Page 11

STALLCOMBE HOUSE

(A company limited by guarantee) REGISTERED NUMBER: 01600678

CHARITY BALANCE SHEET AS AT 30 JUNE 2025

Note
Fixed assets
Tangible assets
15
Investments
16
Current assets
Stocks
17
Debtors
18
Investments
19
Cash at bank and in hand
Current liabilities
Creditors: amounts falling due within one
year
20
Net current assets
Total assets less current liabilities
Net assets excluding pension asset
Total net assets
Charity funds
Restricted funds
21
Restricted funds
21
Unrestricted funds
Designated funds
21
General funds
21
Total unrestricted funds
21
Total funds		 5,801
498,511
515,440
1,135,218
2,154,970
(374,785)
23,606
2,805,327
2,232,541		 2025
£
2,531,189
750,100
3,281,289
1,780,185
5,061,474
5,061,474
5,061,474
23,606
5,037,868
5,061,474		 5,719
537,797
504,575
1,345,666
2,393,757
(434,576)
23,606
2,883,880
2,107,195		 2024
£
2,196,574
858,926
3,055,500
1,959,181
5,014,681
5,014,681
5,014,681
23,606
4,991,075
5,014,681

The Charity's net movement in funds for the year was £ 46,793 (2024 - £(112,450)) .

Page 12

STALLCOMBE HOUSE

(A company limited by guarantee) REGISTERED NUMBER: 01600678

CHARITY BALANCE SHEET (CONTINUED) AS AT 30 JUNE 2025

The Charity was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the entity to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

However, an audit is required in accordance with section 152 of the Charities Act 2011.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees on _______ and signed on their behalf by: 

25/02/2026

K Masterton

(Chair of Trustees)

The notes on pages 15 to 40 form part of these financial statements.

Page 13

STALLCOMBE HOUSE (A company limited by guarantee)

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2025

Cash flows from operating activities
Net cash used in operating activities
Cash flows from investing activities
Dividends, interests and rents from investments
Proceeds from the sale of tangible fixed assets
Purchase of tangible fixed assets
Proceeds from sale of investments
Purchase of investments
Net cash used in investing activities
Cash flows from financing activities
Net cash provided by financing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year		 2025
£
59,372
36,520
-
(441,405)
890,250
(750,000)
(264,635)
-
(205,263)
1,902,189
1,696,926		 2024
£
(48,924)
54,873
3,481
(541,505)
239,353
(244,767)
(488,565)
-
(537,489)
2,439,678
1,902,189

The notes on pages 15 to 40 form part of these financial statements

Page 14

STALLCOMBE HOUSE (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

1. General information

Stallcombe House, a public benefit entity, is incorporated in England and Wales as a company limited by guarantee not having a share capital. The registered office is Stallcombe House Farm, Santuary Lane, Woodbury, Salterton, EX5 1EX.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Stallcombe House meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The Consolidated statement of financial activities (SOFA) and Consolidated balance sheet consolidate the financial statements of the Charity and its subsidiary undertaking. The results of the subsidiary are consolidated on a line by line basis.

The Charity has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of financial activities in these financial statements.

2.2 Going concern

The trustees confirm that, having considered their expectations and intentions for the next twelve months, and the availability of working capital, the charity is a going concern.

2.3 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. It is stated after trade discounts, other sales and net of VAT.

Grants are included in the Consolidated statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

Page 15

STALLCOMBE HOUSE (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

2. Accounting policies (continued)

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on raising funds includes all expenditure incurred by the Group to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Group's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Group; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.6 Tangible fixed assets and depreciation

Tangible fixed assets costing £1,000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Page 16

STALLCOMBE HOUSE (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

2. Accounting policies (continued)

2.6 Tangible fixed assets and depreciation (continued)

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives. .

Depreciation is provided on the following bases:

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Consolidated statement of financial activities.

2.7 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Consolidated statement of financial activities.

Investments in subsidiaries are recognised at cost.

2.8 Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.9 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.10 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Page 17

STALLCOMBE HOUSE (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

2. Accounting policies (continued)

2.11 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Consolidated statement of financial activities as a finance cost.

2.12 Financial instruments

The Group only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.13 Operating leases

Rentals paid under operating leases are charged to the Consolidated statement of financial activities on a straight-line basis over the lease term.

2.14 Pensions

The Group operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Group to the fund in respect of the year.

2.15 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Group and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Group for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

Page 18

STALLCOMBE HOUSE (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

3. Critical accounting estimates and areas of judgment

Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions:

The Charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below.

Depreciation is estimated over the useful economic life of an asset in order to write off the value of this asset in line with life.

Critical areas of judgment:

The company obtains use of fixed assets as a lessee. The classification of such leases as operating or finance lease requires the group to determine, based on an evaluation of the terms and conditions of the lease arrangements, whether it retains or acquires the signficant risks and rewards of ownership of these assets and accordingly whether the lease requires an asset and liability to be recognised in the balance sheet.

4. Income from donations and legacies

Donations
Donations		 Restricted
funds
2025
Unrestricted
funds
2025
£
£
100
3,746
Unrestricted
funds
2024
£
3,827		 Total
funds
2025
£
3,846
Total
funds
2024
£
3,827

Page 19

STALLCOMBE HOUSE (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

5. Income from charitable activities

Unrestricted
funds
2025
£
Fee income
3,742,634
Unrestricted
funds
2024
£
Fee income
3,804,738
6.
Income from other trading activities
Unrestricted
funds
2025
£
Farm income
20,617
Feed in tariff/ renewable heating incentive
27,919
Craft sales
121
48,657
Unrestricted
funds
2024
£
Farm income
22,373
Feed in tariff/ renewable heating incentive
40,663
Craft sales
603
63,639		 Total
funds
2025
£
3,742,634
Total
funds
2024
£
3,804,738
Total
funds
2025
£
20,617
27,919
121
48,657
Total
funds
2024
£
22,373
40,663
603
63,639

Page 20

STALLCOMBE HOUSE (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

6. Income from other trading activities (continued)

Income from non charitable trading activities

Unrestricted
funds
2025
£
Income of trading subsidiary
42,920
Unrestricted
funds
2024
£
Income of trading subsidiary
58,137
7.
Investment income
Unrestricted
funds
2025
£
Investment income
51,952
Unrestricted
funds
2024
£
Investment income
54,872		 Total
funds
2025
£
42,920
Total
funds
2024
£
58,137
Total
funds
2025
£
51,952
Total
funds
2024
£
54,872

Page 21

STALLCOMBE HOUSE (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

8. Expenditure on raising funds

Costs of raising voluntary income

Unrestricted Total
funds funds
2025 2025
£ £
Farm trading costs 15,617 15,617

Costs of raising voluntary income (continued)

Unrestricted Total
funds funds
2024 2024
£ £
Farm trading costs 17,515 17,515

Other trading expenses

Unrestricted
funds
2025
£
Stallcombe Eco Power: Administration expenses
22,599
Stallcombe Eco Power: Administration depreciation
21,442
44,041		 Total
funds
2025
£
22,599
21,442
44,041

Page 22

STALLCOMBE HOUSE (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

8. Expenditure on raising funds (continued)

Other trading expenses (continued)

Stallcombe Eco Power: Cost of sales
Stallcombe Eco Power: Administration expenses
Stallcombe Eco Power: Administration depreciation		 Unrestricted
funds
2024
£
43,756
6,123
21,441
71,320		 Total
funds
2024
£
43,756
6,123
21,441
71,320

9. Investment management costs

Unrestricted
funds
2025
£
Investment management fees
3,665
Unrestricted
funds
2024
£
Investment management fees
8,298		 Total
funds
2025
£
3,665
Total
funds
2024
£
8,298

Page 23

STALLCOMBE HOUSE (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

10. Analysis of expenditure on charitable activities

Summary by fund type

Total costs
Total costs
Analysis of expenditure by activities
Total costs
Total costs		 Restricted
funds
2025
Unrestricted
funds
2025
£
£
3,277
3,795,430
Restricted
funds
2024
Unrestricted
funds
2024
£
£
10,403
4,063,920
Activities
undertaken
directly
2025
Support
costs
2025
£
£
3,392,167
406,540
Activities
undertaken
directly
2024
Support
costs
2024
£
£
3,619,792
454,531		 Total
2025
£
3,798,707
Total
2024
£
4,074,323
Total
funds
2025
£
3,798,707
Total
funds
2024
£
4,074,323

11. Analysis of expenditure by activities

Page 24

STALLCOMBE HOUSE (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

11. Analysis of expenditure by activities (continued)

Analysis of support costs

Depreciation
Insurance
Premises expenses
Office expenses
Printing, postage and stationery
Training and counsultancy
Equipment hire
Bank charges
Accountancy fees
Legal and professional fees
Motor expenses
Property and equipment repairs
Sundry expenses
Bad debt expenses
Trustee expenses
Governance costs
12.
Auditors' remuneration
Fees payable to the Charity's auditor for the audit of the Charity's annual
accounts
Fees payable to the Charity's auditor in respect of:
All non-audit services not included above		 Total
funds
2025
£
101,536
56,052
36,271
68,735
5,189
23,100
1,163
3,868
3,720
16,205
22,877
42,072
5,378
474
70
19,830
406,540
2025
£
10,500
3,330		 Total
funds
2024
£
85,020
49,031
12,786
84,039
5,933
30,147
1,588
3,308
58,402
14,237
26,402
53,264
8,362
267
145
21,600
454,531
2024
£
21,600
10,819

Page 25

STALLCOMBE HOUSE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

13. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension
schemes		 Group
2025
£
2,346,090
213,192
49,902
2,609,184		 Group
2024
£
2,350,097
284,339
47,597
2,682,033		 Charity
2025
£
2,346,090
213,192
49,902
2,609,184		 Charity
2024
£
2,350,097
284,339
47,597
2,682,033

Included in wages and salaries are redundancy costs totalling £18,065 (2024: £Nil).

The average number of persons employed by the Charity during the year was as follows:

Group Group Charity Charity
2025 2024 2025 2024
No. No. No. No.
Employees 93 89 93 89

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was Nil (2024: 4).

The total employee benefits, including employers pension costs, of the key management personnel of the charity were £148,517 (2024 - £137,360).

14. Trustees' remuneration and expenses

A Letten (previously D Davis-Briggs and G Towning) is the nominated staff trustee and all were employees prior to their appointments. They receive no additional remuneration for the role as a trustee of the charity.

No trustees, nor any persons connected with them, have received any remuneration from the group during the period except as disclosed above. No trustees have received any other benefits from the charity during the period.

During the year ended 30 June 2025, expenses totalling £ 70 were reimbursed or paid directly to 1 Trustee (2024 - £145 to 1 Trustee) .

Page 26

STALLCOMBE HOUSE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

15. Tangible fixed assets Group

Cost or valuation
At 1 July 2024
Additions
Disposals
At 30 June 2025
Depreciation
At 1 July 2024
Charge for the year
At 30 June 2025		 Freehold
property
£
2,896,189
392,314
-
3,288,503
921,991
58,558
980,549		 Plant and
machinery
£
96,635
-
-
96,635
83,458
2,635
86,093		 Motor
vehicles
£
71,887
19,995
-
91,882
38,838
7,276
46,114		 Fixtures
and fittings
£
255,608
24,095
(2,619)
277,084
152,444
22,958
175,402		 Computer
equipment
Solar
panels
and bio-
mass boiler
£
£
69,327
551,886
5,002
-
-
-
74,329
551,886
49,164
256,061
6,742
27,445
55,906
283,506		 Total
£
3,941,532
441,406
(2,619)
4,380,319
1,501,956
125,614
1,627,570

Page 27

STALLCOMBE HOUSE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

15. Tangible fixed assets (continued) Group (continued)

Solar panels Freehold Plant and Motor Fixtures Computer and bioproperty machinery vehicles and fittings equipment mass boiler Total £ £ £ £ £ £ £ Net book value At 30 June 2025 2,307,954 10,542 45,768 101,682 18,423 268,380 2,752,749 At 30 June 2024 1,974,198 13,177 33,049 103,164 20,163 295,825 2,439,576

Page 28

STALLCOMBE HOUSE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

15. Tangible fixed assets (continued)

Charity

Cost or valuation
At 1 July 2024
Additions
Disposals
At 30 June 2025
Depreciation
At 1 July 2024
Charge for the year
At 30 June 2025		 Freehold
property
£
2,896,189
392,314
-
3,288,503
921,991
58,558
980,549		 Plant and
machinery
£
96,635
-
-
96,635
83,458
2,635
86,093		 Motor
vehicles
£
71,887
19,995
-
91,882
38,838
7,276
46,114		 Fixtures
and fittings
£
255,608
24,095
(2,619)
277,084
152,444
22,958
175,402		 Computer
equipment
Solar
panels
and bio-
mass boiler
£
£
69,327
123,054
5,002
-
-
-
74,329
123,054
49,164
70,231
6,742
6,003
55,906
76,234		 Total
£
3,512,700
441,406
(2,619)
3,951,487
1,316,126
104,172
1,420,298

Page 29

STALLCOMBE HOUSE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

15. Tangible fixed assets (continued)

Charity (continued)

Solar panels Freehold Plant and Motor Fixtures Computer and bioproperty machinery vehicles and fittings equipment mass boiler Total £ £ £ £ £ £ £ Net book value At 30 June 2025 2,307,954 10,542 45,768 101,682 18,423 46,820 2,531,189 At 30 June 2024 1,974,198 13,177 33,049 103,164 20,163 52,823 2,196,574

Page 30

STALLCOMBE HOUSE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

16. Fixed asset investments

Group
Cost or valuation
At 1 July 2024
Additions
Disposals
Revaluations
At 30 June 2025
Net book value
At 30 June 2025
At 30 June 2024		 Listed
investments
£
858,826
750,000
(890,250)
31,424
750,000
750,000
858,826

All investments were held as cash at 30 June 2025 due to the charity switching investment providers at the year end.

Charity
Cost or valuation
At 1 July 2024
Additions
Disposals
Revaluations
At 30 June 2025
Net book value
At 30 June 2025
At 30 June 2024		 Investments
in
subsidiary
companies
£
100
-
-
-
100
100
100		 Listed
investments
£
858,826
750,000
(890,250)
31,424
750,000
750,000
858,826		 Total
£
858,926
750,000
(890,250)
31,424
750,100
750,100
858,926

Page 31

STALLCOMBE HOUSE (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

16. Fixed asset investments (continued)

Principal subsidiaries

The following was a subsidiary undertaking of the Charity:

Name Company Registered office Principal activity Class of Holding number or principal place shares of business Stallcombe House Eco 9959743 Stallcombe House, Generation of Ordinary 100% Power Santuary Lane, electrcitiy Woodbury, Exeter, EX5 1EX

The financial results of the subsidiary for the year were:

Name Income Expenditure Expenditure Profit/(Loss) Profit/(Loss) Net
£ £ / Surplus/ liabilities
(Deficit) for £
the year
£
Stallcombe House Eco Power 102,696 (101,852) 844 (9,404)
Stocks
Group Group Charity Charity
2025 2024 2025 2024
£ £ £ £
Produce 5,801 5,719 5,801 5,719

17. Stocks

Page 32

STALLCOMBE HOUSE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

18. Debtors

Due after more than one year
Amounts owed by group undertakings
Due within one year
Trade debtors
Other debtors
Prepayments and accrued income
19.
Current asset investments
Cash investments		 Group
2025
£
-
-
31,040
29,646
177,214
237,900
Group
2025
£
515,440		 Group
2024
£
-
-
33,595
21,027
183,466
238,088
Group
2024
£
504,575		 Charity
2025
£
266,065
266,065
31,040
29,646
171,760
498,511
Charity
2025
£
515,440		 Charity
2024
£
303,892
303,892
33,595
21,028
179,282
537,797
Charity
2024
£
504,575

Page 33

STALLCOMBE HOUSE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

20. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income
Deferred income at 1 July 2024
Resources deferred during the year
Amounts released from previous periods		 Group
2025
£
50,838
54,896
160,992
124,680
391,406		 Group
2024
£
192,930
52,437
102,739
91,958
440,064		 Charity
2025
£
50,838
54,662
160,992
108,293
374,785
Group
2025
£
18,496
18,830
(18,496)
18,830		 Charity
2024
£
192,930
51,615
102,739
87,292
434,576
Group
2024
£
24,358
18,496
(24,358)
18,496

At the balance sheet date the Charity was holding funds of £18,830 received in advance for care fees from Local Authorities.

Page 34

STALLCOMBE HOUSE (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

21. Statement of funds - Group

Statement of funds - current year

Unrestricted
funds
Designated
funds
Building Projects
Fund
Redundancy
Fund
Vehicle Fund
Land and
Building Fund
General funds
General
Unrestricted
Funds
Total
Unrestricted
funds
Restricted
funds
Social Fund
Total of funds		 Balance at 1
July 2024
£
609,682
250,000
50,000
1,974,198
2,883,880
2,096,848
4,980,728
23,606
5,004,334		 Income
£
-
-
-
-
-
3,889,909
3,889,909
100
3,890,009		 Expenditure
£
-
-
-
(58,558)
(58,558)
(3,800,195)
(3,858,753)
(3,277)
(3,862,030)		 Transfers
in/out
£
(392,314)
-
(19,995)
392,314
(19,995)
19,995
-
-
-		 Gains/
(Losses)
£
-
-
-
-
-
19,657
19,657
-
19,657		 Balance at
30 June
2025
£
217,368
250,000
30,005
2,307,954
2,805,327
2,226,214
5,031,541
20,429
5,051,970

Page 35

STALLCOMBE HOUSE (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

21. Statement of funds (continued)

The specific purposes for which the funds are to be applied are as follows:

Designated

Building Projects Fund; Represents funds set aside for stages 4 and 5 of the building projects.

Redundancy Fund; Represents funds set aside for future redundancy payouts.

Vehicle Fund: For the rolling replacement of vehicles.

Land & Buildings Fund; Represents the value of the funds held as land and buildings that are required for the day to day operation of the charity.

Restricted

Social Fund; To assist with the payment of social events for the beneficiaries of the charity.

Page 36

STALLCOMBE HOUSE (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

21. Statement of funds (continued)

Statement of funds - prior year - Group

Unrestricted
funds
Designated
funds
Building Projects
Fund
Redundancy
Fund
Vehicle Fund
Land and
Building Fund
General funds
General
Unrestricted
Funds
Total
Unrestricted
funds
Restricted
funds
Social Fund
Willows Fund
Computer Fund
Total of funds		 Balance at
1 July 2023
£
800,000
-
-
-
800,000
4,287,634
5,087,634
30,255
332
3,422
34,009
5,121,643		 Income
£
-
-
-
-
-
3,985,214
3,985,214
-
-
-
-
3,985,214		 Expenditure
£
-
-
-
(51,036)
(51,036)
(4,110,018)
(4,161,054)
(6,649)
(332)
(3,422)
(10,403)
(4,171,457)		 Transfers
in/out
£
(190,318)
250,000
50,000
2,025,234
2,134,916
(2,134,916)
-
-
-
-
-
-		 Gains/
(Losses)
£
-
-
-
-
-
68,934
68,934
-
-
-
-
68,934		 Balance at
30 June
2024
£
609,682
250,000
50,000
1,974,198
2,883,880
2,096,848
4,980,728
23,606
-
-
23,606
5,004,334

Page 37

STALLCOMBE HOUSE (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

22. Summary of funds

Summary of funds - current year

Designated
funds
General funds
Restricted funds		 Balance at 1
July 2024
£
2,883,880
2,096,848
23,606
5,004,334		 Income
£
-
3,889,909
100
3,890,009
Income
£
-
3,985,214
-
3,985,214		 Expenditure
£
(58,558)
(3,800,195)
(3,277)
(3,862,030)
Expenditure
£
(51,036)
(4,110,018)
(10,403)
(4,171,457)		 Transfers
in/out
£
(19,995)
19,995
-
-
Transfers
in/out
£
2,134,916
(2,134,916)
-
-		 Gains/
(Losses)
£
-
19,657
-
19,657
Gains/
(Losses)
£
-
68,934
-
68,934		 Balance at
30 June
2025
£
2,805,327
2,226,214
20,429
5,051,970
Balance at
30 June
2024
£
2,883,880
2,096,848
23,606
Summary of funds - prior year
Designated
funds
General funds
Restricted funds		 Balance at
1 July 2023
£
800,000
4,287,634
34,009
5,121,643
5,004,334

23. Analysis of net assets between funds

Analysis of net assets between funds - current year

Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Total		 Restricted
funds
2025
Unrestricted
funds
2025
£
£
-
2,752,749
-
750,000
20,429
1,920,198
-
(391,406)
20,429
5,031,541		 Total
funds
2025
£
2,752,749
750,000
1,940,627
(391,406)
5,051,970

Page 38

STALLCOMBE HOUSE (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

23. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior year

Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Total		 Restricted
funds
2024
£
-
-
23,606
-
23,606		 Unrestricted
funds
2024
£
2,439,576
858,826
2,122,390
(440,064)
4,980,728		 Total
funds
2024
£
2,439,576
858,826
2,145,996
(440,064)
5,004,334

24. Contingent liabilities

At the year end, there was an ongoing legal claim. The potential liability could be £51,006, but this is not yet likely so has not been adjusted for in the financial statements.

25. Capital commitments

Group Group Charity Charity
2025 2024 2025 2024
£ £ £ £
Contracted for but not provided in these
financial statements
Acquisition of tangible fixed assets - 172,009 - 172,009

26. Pension commitments

The Charity operates a defined contributions pension scheme. The assets of the scheme are held seperately from those of the Charity in an independent administered fund. The pension cost charge represents contributions payable by the Charity to the fund and mounted to £49,902 (2024: £47,597). Contributions totalling £13,389 (2024: £10,760) were payable to the fund at the balance sheet date and are included in creditors.

Page 39

STALLCOMBE HOUSE (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

27. Operating lease commitments

At 30 June 2025 the Group and the Charity had commitments to make future minimum lease payments under non-cancellable operating leases as follows:

Not later than 1 year
Later than 1 year and not later than 5 years		 Group
2025
£
2,118
1,558
3,676		 Group
2024
£
2,118
4,803
6,921		 Charity
2025
£
2,118
1,558
3,676		 Charity
2024
£
6,348
573
6,921

28. Agency arrangements

Stallcombe House acts as agent for several of its residents and collects benefits on their behalf. These benefits are paid into a ring-fenced bank account which Stallcombe House operates as agent, and it is used to pay residents expenses including their contributions to Stallcombe House's fees. Stallcombe House also operates a number of residents' own accounts as their appointee.

The balance these bank accounts at 30 June 2025 was £102,564 (2024:£206,730). These balances are not included in the statement of Financial Actiities or balance sheet in accordance with the Charities SORP FRS102.

29. Related party transactions

Stallcombe Eco Power Ltd is a wholly owned trading subsidiary of the charity. During 2015 the charity made a loan to Stallcombe Eco Power Ltd and interest is being charged on this loan at 0.5%.

During the year, the charity has purchased electricity from Stallcombe Eco Power Ltd in the sum of £59,775 (2024: £26,046). At the balance sheet date the amount due from Stallcombe Eco Power Ltd to the charity was £266,065 (2024: £303,892).

The user trustees 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 3 user trustrees (2024: 3). As explained in note 14, there is also 1 staff trustee. At the balance sheet date the amount due to/from user and staff trustees was £nil (2024: £nil).

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