**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 provide a supportive living community for adults with learning difficulties based on purposeful activities in a farm and garden environment complimented by strong links with local communities and services to meet collective and individual needs.
- To advance education and promote the physical and mental welfare of people with learning difficulties.
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:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business.
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:
- so far as that Trustee is aware, there is no relevant audit information of which the charitable group's auditors are unaware, and
- that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit information and to establish that the charitable group's auditors are aware of that information.
## **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:
- give a true and fair view of the state of the Group's and of the parent charitable company's affairs as at 30 June 2025 and of the Group's incoming resources and application of resources, including its income and expenditure for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Charities Act 2011.
## **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:
- the information given in the Trustees' report is inconsistent in any material respect with the financial statements; or
- the parent charitable company has not kept sufficient accounting records; or
- the parent charitable company financial statements are not in agreement with the accounting records and returns; or
- we have not received all the information and explanations we require for our audit.
## **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:
- Freehold property 2% straight line - Solar panels 4% straight line Bio-mass boiler - 5% straight line - Plant and machinery 20% reducing balance Motor vehicles - 20% reducing balance - Fixtures and fittings 20% reducing balance - Property refurbishment 6.67% straight line - Computer equipment 25% straight line
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).
Page 40
## **SIGNATURE CERTIFICATE**
## **REFERENCE NUMBER EB83C06B-739C-4207-82CB-5CCCA11A3480**
## **TRANSACTION DETAILS**
## **DOCUMENT DETAILS**
**Document Name Stallcombe House 2025 - Full Accounts Filename Stallcombe_House_2025_-_Full_Accounts.pdf Pages 43 pages Content Type application/pdf File Size 264 KB Original Checksum**
## **Reference Number**
**EB83C06B-739C-4207-82CB-5CCCA11A3480 Stallcombe House 2025 - Full Accounts Transaction Type Filename Signature Request Stallcombe_House_2025_-_Full_Accounts.pdf Sent At Pages 02/25/2026 08:35:57 AM EST 43 pages Executed At Content Type 02/25/2026 03:02:05 PM EST application/pdf Identity Method File Size email 264 KB Distribution Method Original Checksum email 3a257e4952d7a3942828d0da905aa477317974356ee3ad8e8c7151be3213f6c1 Signed Checksum**
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## **SIGNERS**
**SIGNER E-SIGNATURE EVENTS Name Status Viewed At Karen Masterton signed 02/25/2026 02:54:20 PM EST Email Multi-factor Digital Fingerprint Checksum Identity Authenticated At karen.masterton@stallcombe.uk 4f53cda18c2baa0c0354bb5f9a3ecbe5ed12ab4d8e11ba873c2f11161202b945 02/25/2026 03:02:04 PM EST Components IP Address Signed At 6 94.10.90.54 02/25/2026 03:02:05 PM EST Device Chrome Mobile via Android Typed Signature**
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