WYTHAM HALL ANNUAL REPORT 2023-2024 ,F i *r
WYTHAM HALL ANNUAL REPORT 1[st] April 2023 – 31[st] March 2024
CONTENTS
Board of Trustees
Members of Wytham Hall Chairman’s Report Introduction and Developments
Benefactors of Wytham Hall
Statistics
Statement of Financial Activities Balance Sheet
◼ BOARD OF TRUSTEES
Dr David El Kabir, M.B.E., M.A., D.M. (Oxon), M.B., B.Chir. (Cantab), F.R.C.G.P. Principal of Wytham Hall
Peter Barry, MBA (Cass), FCCA, DipM, MBCS. FIoD Finance Director, Meiko UK Limited. (Chairman)
Professor Sir Brian Jarman, O.B.E., M.A. (Cantab), Ph.D., M.B., B.S. (London), F.R.C.P., F.R.C.G.P., F.F.P.H., F.Med.Sci.
Emeritus Professor, Imperial College, Faculty of Medicine
Dr Philip Reid, B.A. (Oxon), M.B., B.S. (Lond), M.R.C.P., M.R.C.G.P., D.R.C.O.G., General Practitioner, (Vice-Principal)
Sue Fish, BA (Cantab)
Company Secretary:
Dr Philip Reid, B.A. (Oxon), M.B., B.S. (Lond), M.R.C.P., M.R.C.G.P., D.R.C.O.G., General Practitioner, (Vice-Principal)
◼ PATRONS
Theodore Zeldin, C.B.E., F.B.A., F.R.S.L., F.R.HisC.S., M.A., D.Phil. (Oxon) David Shaw, C.B.E., F.R.C.P. (Lond), F.R.C.P. Edin), Hon. F.C.S.T. Dr Philip Joseph, B.Sc., M.D. (Lond)., F.R.C. Psych. Lady Reid (Jane Reid) MA Oxon, MA Cape Town
Solicitors: Robinson Wilson Solicitors, Selbourne House, 36A Elgin Avenue, London, W9 3AZ.
Auditors: Alliotts, Mansfield House, 1 Southampton Street, London, WC2R OLR. Bankers: HSBC, 196 Oxford Street, London, W1D 1NT.
MEMBERS OF WYTHAM HALL
◼ RESIDENT MEMBERS
Dr Philip Reid, B.A. (Oxon), M.B., B.S. (Lond), M.R.C.P., M.R.C.G.P., D.R.C.O.G., General Practitioner, (Vice-Principal)
◼ NON-RESIDENT MEMBERS
Stephen Tufnell, B.Sc,MA., Dip.Couns. Manager
Bridget McCarthy, Cert. Therapeutic Counselling Service Leader
Magda Drozdowska, NVQ 3 in Health & Social Care, Postgraduate Studies of Journalism and Social Communication, Faculty of Humanities. Support Worker
Dr Nad’a Horakova, M.D. (Prague), GP Trainee, Cambridge scheme
Danylo Yershov, M.D. (Prague) Junior Doctor, Kladno Hospital, Kladno, Czech Republic
◼ VISITING MEMBERS
George Osborne, F.C.C.A. Accountant
Chairman’s Report
Wytham Hall operates in a diverse, complex and ever-changing sector, such that to continue our successes, we must embrace change and create opportunities through innovation and creativity.
Such a sector is challenging given our nature and the ever-competing demands on our resources. A constant balance needs to be struck to manage our resources while maintaining our properties and service to a high standard.
One such challenge is the high cost of providing the service. This is particularly so in relation to energy, which continues to increase by more than inflation.
Wytham Hall remains stable and viable but continues to be dependent on the contract with Westminster City Council for its continuing operations.
Our being tasked with managing ever more complex need residents, many suffering mental health issues, provides us with another challenge, but also an opportunity. To maintain our position within our field and to differentiate ourselves, requires thinking out of the box and the dedication and professionalism of our staff.
To help us do this we have invested heavily in the concept of Psychologically Informed Environments (PIE). This concept enables us to create value from our resources and provides a platform for us to build. An example is the development of workshops focusing on the needs of clients to allow them to better succeed in the future.
We are constantly striving to develop better working practices and have put much time and effort to work efficiently with other agencies to help us to do this. Our continued aim for the future is to work towards ending homelessness and Wytham Hall provides a solid foundation to do this.
Peter Barry
Introduction
Wytham Hall is a supported housing charity based in Maida Vale.
We provide drug and alcohol abstinent housing and support for up to 25 people who have found themselves classified as homeless by whatever definition.
21 of our rooms are part funded by Westminster City Council.
We maintain a support staff team of four and employ one further team member in a cleaning/handyperson role.
Developments
• Finances
The cost of running Wytham Hall remain high and it is likely this will not change soon given world circumstances. We regularly review our cost structure and budgets to ensure we are providing the right service to remain in demand and relevant.
Despite high costs, we continue to provide high quality accommodation, and continue, when financially able, to invest in maintaining and refurbishing our facilities.
The additional income through donation has proven invaluable in allowing us to provide extra support to residents that we would not have been able to provide without it. This is an area we are looking to develop across the coming year.
• Challenges
Resources across the homeless sector are stretched like never before. Due to this the service has been requested to accommodate more and more complex need residents, some of whom have provided us with a significant challenge.
We continue to see requests for us to support residents with complex mental health issues, serious addiction and other difficult to manage issues. We have taken on this challenge with much success but also some detriment to ourselves.
We have maintained a successful track record in providing next step accommodation to those that wish it and are working on innovative ways to help residents achieve and maintain this accommodation.
• PIE
One such innovation is the concept of Psychologically Informed Environments (PIE). PIE aims to improve the psychological and emotional wellbeing of residents and staff. Outcomes for residents include improvements in emotional and mental wellbeing, and improved relationships with others.
One such development through this concept is the development of workshops each looking at a different need such as financial and tenancy management in preparation for their move to independent accommodation. These workshops will be delivered in a manner that is motivating and creative. This work evolved from the AQA scheme Wytham Hall previously ran.
We aim to promote the core values we believe residents need to succeed and work with them in a way that mimics ‘normal life’. The resident is placed at the centre of everything we do.
We are also minded how important our in-house counselling service has been in the past and with this in mind a new in-house service is being planned.
• Opportunities and Success
The charity has had many challenges over the years, but with these challenges come opportunity, an opportunity to achieve new successes and build on old ones.
We hold a hugely important position within the homeless pathway in Westminster in that we are the only abstinent based project, and our residents are positioned favourably to achieve a move to their own accommodation.
The sector continues to look to Wytham Hall to provide a stable environment for those residents looking to move to a more independent stage in their recovery. Our residents are essentially one step closer to leaving the homeless sector forever. We offer resettlement support until they have built a solid foundation in their new property.
As one of the smaller organisations within the sector, we can benefit immensely from our ability to react quickly to change which is only to the benefit of our residents. Our focus is always on our residents and to continue to develop by learning from our experiences.
BENEFACTORS OF WYTHAM HALL
We would like to thank the following organizations and individuals, as well as those that wish to remain anonymous, for their kind donations and gifts.
FINANCIAL YEAR 2023 – 2024
Trusts and Statutory Bodies:
Individuals:
The Eleanor Hamilton Trust Dr. D. El Kabir Mr. B. Eno Duchess of Rutland Lady Reid Miss C. Moore Mr. P. Moore E. Glew Estate of Mrs. S. A. Wilson
We would also like to thank the following organisations with whom we regularly cooperate:
Andrews Computers; The Benefits Agency; St Mungo’s; Chubb Securities; The Connection at St. Martin's; Great Chapel Street Medical Centre; The Metropolitan Police and Safer Neighborhood; The Passage Day Centre; The Rough Sleeping Team; Supporting People; Westminster Housing Benefit; Westminster City Council; Groundswell; St Mungo’s Clearing House Team; EASL; The Lodge; CMHT (Central Locality Team); Pimlico Plumbers; Apple Test; Pimlico Computers; Grosvenor Corlett; Athur J. Gallagher; Sutherland South Amenity; Hype London
STATISTICS
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Age Range 2023/24
9
7
6 6
0 0
Under 20 20-30 30-40 40-50 50-60 60+
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Ethnicity 2023/24
0% UK
14%
Europe
11%
43%
Asia
Africa
32%
Other
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Length of Stay 2023/24
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16
4
3 3 0 2
Under 6 6 Months to 1 1 to 2 Years 2 to 3 Years 3 to 4 Years Over 4 Years
Months Year
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WYTHAM HALL LIMITED STATEMENT OF FINANCIAL ACTMTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Cunnt flnAnelal yoar UnroBtrlc¢ed Unrestrlcted Re8trkt•d funds fund• fund• qengral doBlgnated 2024 2024 Totsl Total 2024 2024 In¢om• INI gnd¢)v•mgnts from: Dcfialicffl8 and legacie8 Ch8rlt8Uo a¢XNili¢$ other In8 6.000 310,577 3,450 277.773 33,880 310.5ri Totsl Incom• 316.577 316,577 315,103 ExndItl• on: Charttabl& gdivibo8 other expen¢knre 338,195 7,251 22,539 367.985 336,343 27.Cty)O 12 Total •xpondttu 338.195 7.251 367,985 3,343 N•t pènd 121,6181 (1,2511 122,$391 151.4081 {48.2401 Transfers b8ts4•n 18,6OTJ 6,807 N•t mov•mont In fund• 128.2251 (22,5391 151.40SJ 148.2401 RKoncll1aon of fund8: Fund balanc&s a11 Aptll 2023 170,440 22,488 405,540 $98,448 846.888 Fund balanc•• •t 31 Mah 2024 142,215 21.824 383,001 547.040 598.448 The 8tstement olltnandal advlb08 Indudès JI 9glrffj l¢)sw ractonlsgd In th? year. Al Irwn• 8ThJ ¥xpend derfve from rtInU6g 8ctl¥ltk88.
WYTHAM HALL LIMITED BALANCE SHEET AS AT 31 MARCH 2024 2023 Flxgd ag89ts Tangib assets 14 384,B25 Current a88ets 15 15,833 165,508 19.943 195223 CaBh th bpnk and lft hand 181.141 215,1e6 Cr¢dltorn: •m)unts falllng dU•thIn one ygar 18 118,9261 Q4.T261 N•t ¢urr•nt u8•ts 162.215 190,440 Total a•••ts l••• curr•nt Ilabllltlo• 7.040 598,448 Tho fund8 of th• charlty R•5trtct8d lThcom• fund8 Unre6tr¢ted fund8- geneTrl Vnrèstrktad funds- d•8lgnated 18 383.001 142,215 21.824 405.$40 170,440 19 547.040 lal at•mn18 wsre aFprov•d ty tho Crwjndl rf u).. . ry MBA, FCCA, Dlp.M, MBCS. FIOD Dr P Rd U, MB, BS, MRCP, ORCOG Thi•tsè Ccfflpwy registrats'on 01777776 IEtyJi4nd •rKI IAW#l
Charfty Reglstratlon No. 289328 Company Reglstratlon No. 01777775 (England and Wales} WYTHAM HALL LIMITED COUNCIL OF MANAGEMENTS. REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024
WYTHAM HALL LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Council Of Management P Barry MBA, FCCA, Dip.M, MBCS, FIOD Dr D El Kabir MBE, MA, DM, MB, B Chir, FRCGP Sir B Jarman OBE, hnA, PhD, MB, BS, FRCP. FRCGP Dr P Reid BA, MB, BS, MRCP, DRCOG S Fish, BA {Canlabl Secretsry Dr P Reld BA, MB, BS. MRCP, DRCOG Charlty numbgr 289328 Company nunkn8r 01777775 Reglstered offlce 117 Sulhertand Avenue Londen W9 2QJ Audltor Allotts LLP Manfiold House 1 Southampton Street London WC2R OLR
WYTHAM HALL LIMITED CONTENTS Page COU11 Of Managemenl's report Statement of Council of Mar)agement's rosponsibilities Independent 8uditorf8 report statement of finanaal adwities 10- 11 Balance sheet Nol8s to the financial statements 13-24
WYTHAM HALL LIMITED COUNCIL OF MANAGEMENT'S REPORT (INCLUDING DIRECTORS, REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Council of Management present their annual rèport and finala1 statements for fhe year ended 31 March 2024. The financi81 statements have been prepared in accordance wlh the accounting policies sel out in note I to the finarrial 8lalemenls and comply with the charity's mernordndum and articles of association, the Companies Act 2D06 and "Accounting and Reporting by Charib"es'. Statement of Rocommended Pradice applicable to charities preparing their accounts in accordance with the Finanual Rep)rting Standard applicable in the UK and Republic of Irèland IFRS 1021 leffedive 1 January 2019}" Oblectlve8 and actlvltles Objects of the Charltable Company i The provision al Wlham Hall of SUPPDrted housing for m&n and women and assistance given in seeking appropriate medical and psychological support for those who through poverty. homelessness or age canrL)t readily obtain such care.. 111 to prom(Ae, undertake and sponsor research into the speaal medKal needs of the poor, the homeles8 and the aged in ordor to improve the nature and stsndard of the support given lo such persons,. and iii} the training and education In particular but not only in connection with such matters of medic81 students and persons inlgn¢Jing lo bècome medical students. Alms We aim lo reduce the number8 of homeless on tho streets by housing them In the ts)mmunity and suppotting them in ther accommodation. Oblectlves Our objective is lo achiève the hlghesl occupancy possible and to break even financially. Public bgner The Council of Management have paid due regard to guidance on public benefit issued by the Charity Commission in deciding what activities the charity shoukl undertak¢. Volunte& The charity relies on ils vduntary residenl Staff for cover otherwise il woukl nol be finanaalty viablè. Volunteers provide overnight and weekend emergenw managerial cover, Vdunteers provide part-lime managerial cover in the week. There is also 80me voluntary adminislralive inp. Thg value of work done by unpaid volunteers is estimated at É53,01812022123.' £52,491}, representing amounts for overnight cover, weekend on ¢811 managerial eover and daytime managerial cover.
WYTHAM HALL LIMITED COUNCILOF MANAGEMENT'S REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2024 AchSevement$ and performance Signifan1 activities and 8chievefflenls 8g8irisl objeclives The charity now exclusively provides sheltered housing accommodallon k)r 25 homeless people. Incon* is eamed from ronl and housing benefit and from supporting people grants from City of Westminster for providing support to lenanls. 23 residents were housed in our sheltered housing ovor the year 8t a cost of £8,158 each (2022123.. 24 al £8,158 each) for an average of 10.5 months each. 80.70A occupancy12022123'. 790k occupancy) was achreved for the supported accommodation. Our target is aayS IOOYO but18 difficult to athieve if residents move on and It takes tlmè lo fill the void rooms. Financial review A deficit of £51,40812022123- £48.2401 was made for the year. from income of £316.577 {2022123- £315.103} and expenses of £367,985 12022123 £363.3431. The charity is sound financially wlh short term cash deposits ol £165,508 (2022123- £195,223). Reservas pollcy 11 is the policy of the charity to maintain unreslricled funds, which are freo reserves of the charity, al a level which equates lo 6-12 months of unreslricied expenditure. This provides sufficient funds lo cover management and administration as well as the provision of shdlered acwmmodalion in the event of sh flow problems and any abrupt changes in funding sources. 11 is recognised that none of the fdIng sources for Wytham Hall are guaranteed although al present no substantial chan9es in funders, policies is predicted. Should r8serves f811 below or exceed these levels this will be brought to the trustees attention to take appropriate action. At 31 March 2024, the charity held £142,215 of free reserves. This represents apwoxmalely five tTh)nths of unrestricted expenditure. Inve8tmgnt pollcy The Council of Management has con&dered the m081 appropriate policy for investing funds. Accounts are currently held with HSBC, Uoyds, and Sanlander. The Charity has short term investments as a precaution due lo the uncertainty of future income in community care. The charity is empowered by the Memorandum of Association to invest the monies of the charnty not immedialgly reqiwred for ils purposes in or upon suth investsnents, securits'es or property 88 may be thought fit. Rlsk statsmgnt Major risks to which Vvylham Hall is exposed, as identified by the Council of Management, have been reviewed over the ec)urse of the last year following consultation Nvilh an exlemal advisor and systems have been estsblished to miiigale those rfsks.
WYTHAM HALL LIMITED COUNCIL OF MANAGEMENT'S REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Governance The Council of Management regularly review the skills mix lo ensure that there 18 an approprtate range of relevanl experience and expertise on the C0clI to cover the operational, management and finanaal requirements of the charity. Operatklnal Rlsk Iham Hall exclusively runs 25 supported houslng rooms over 4 properties. A rough sleeper's grant of £27,511 is received for 5 bed spaces. A Supporting People grant of £43,684 is received for 16 bed spaces. There is currenly a full staff team of 4 and a part-time cleaner, management and co-ordnator resportsibllity falls within this team. th Hall currently has in excoss of 85 w)lici8s covering a variety of issues, such as Protsclion of Vulnerable adults IPOVAI, Equality and Diversity, Confidentiality, Hèalth & Safety, Infection Control Procedures, RIDDOR and Dealing with vlence. The Executive Committee regularly reviews Ihoso. Health and Safety regulations are complied with as laid down by law and thè Weslmin8ler Environmental Health servi carry out regularly inspections. Flnanee Risk Measures lo en$e adequate inwme are regularty reviewed and occupancy is regularty monilor8(l. Wam Hall has insurance policies inc111ng Employers Liability for £5 million and Loss of Income for £2 millicfft. The financial silualien is reviewed eight limes per year and there is an annual extemal aud(t. All investments are held in low risk deposits. and there has been no investment in the Stock Market. Environmental and Extemal Rlsk Supporting People, City of Weslminster, visit regularly lo Inspect the suwort plans etc of residents. 117 Sutherland Avenue and 40 Lanhill Road are registered as Houses in Mulllple Occupation (HMOI. Regular chxks aro made by gas, electricity, firg alarm, fire extinguisher, personal alarm, pest control, extractor fan and boiler professionals and safety certificates issued. The fire risk assessment is review&d bi-annually. There is a fire safèly policy and for each of the properties a fiTe emergency plan. Vwham Hall 18 a smoke-free building as required by UK law. A Computer Management Policy covering areas of ri8k such as virusos and loss of data is in place. The Executive Committeè visits the support8J houslng units annually to ensure that they are well maintained. Reputatlonal Rlsk A Med¢a Pollcy lo safeguard the good name of Wytham Hall and protect against repulatK)nal risk has been developed. A confidentiality clause staling agreement lo observe absolute confidenlialily of the business both during employment al Wham Hall and thereafter has been added to staff conlracls. The present terms and cLditIOnS slate that all written policies and procedures should be considered part of the conditions of employment. Law and Regulation Compliance Risk Professional advlce is sought regarding employment law whenever necessary. Staff contracts have been reviewed in the last year and all staff recoiv8 rogular appraisals. Annual Returns to Companies House and the Charty Commission ar8 made as required and the Gener Data Protection Regulation is complied ¥Mth. Plans for future perlod8 We are aiming for 1 Oooh occupancy for our sheltered accommodaUon. are devebping workshops lo enhance the personal development of our resdents during Ihoir lime at Wylham Hall and better equip tM for independent living.
WYTHAM HALL LIMITED COUNCIL OF MANAGEMENT'S REPORT (INCLUDING DIRECTORS, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 structurei governance and management The governing document of the Charitae Company is the Memorandurn and Artides of Assodallon. The Charitable Company is limited by guarantee. The Council of Management, who are also directors for the purpose of company law, and who served during the yoar and up lo the date of signature of the fi'nancial statements were-. P Barry MBA, FCCA, Dip M, MBCS, FIOD Dr D El Kabir MBE, MA, DM, MB, B Chir. FRCGP Sir B Jamian OBE, MA. PhD, MB. BS, FRCP, FRCGP Dr P Reid BA, MB, BS, MRCP, DRCOG S Fish, BA Icanlabl Recmilmenl and appointmenf of trustees None of the Council of Management has any beneficial interest in the rnpany. Al of tho co¢11 of Management are members of the company and guarantee lo contribute £1 in the event of a windin9 UP. 0national stmctu The charitable company is run by the Council of Management {who are also the trustees for Charibes Act purptsses and direetors for Companies Act purposes). On a day to day basis the support staff report lo the resident staff who reptyt to the Chaimian or the Company Sacrelary. A weekly meeling is held lo review all residents. Approxmately 5% of senior staff lime is spent on trustee and executive meetings. One third of the Trustees resign annually in rolalion. Prospective Trustees are nominated and a vot& is then taken by the Council. There have been no material changes in pcAicy in the last year. Wytham H811 ha8 a commitment of currently five Trustees from various professional backgrounds a vast range of relevant skills. Fwe Council of Management meetings were held, at which all aspects of the business are reported and discussed. In addition weekly and monthly staff meetings are held lo address the day-lo-day running. Rocords are kept of all decisions. Dr Philip Reid is the company secretary. Mr Stephen Tufnell is tha bursar and runs the finances, reporting to the Executive Committee. Trustees are chosen 80 as lo provide a range of suitable skills and experifjn lo support the charitYs aims and development. Future trusle&s are proposed by current Trustees. They are then approached and asked if they would like lo become a Iru81ee. Trustees are given a detailed lour ol the charity and ils properties, a detailed explanalion of its activities and any relevant reports and literature. Charity Commlssion newsletters are circulated lo keep Trustees up lo dale and they are informed of any new developments. We are currently looking al new ways of training our Trustees. Auditor In accordance with the company's artides, a rssolulion proposing that Aliotts LLP be reappointed as auditor of the company will be pul al a General Meeting.
WYTHAM HALL LIMITED COUNCIL OF MANAGEMENfs REPORT (INCLUDING DIRECTORS. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Disclosure of inforniation to auditor Each of the Council of Marwement has confirmed that there is no information of which they are aware which is relevant lo the audi(, bul of which the auditor is unaware. They have further ¢onfirmed that they have taken appropriato Steps lo Identify such relevant Inf0mtiOn and lo establish that the auditor is aware of such infomiation. Thec of Management's report was approved by the Council. PBa Trustse MBA. FCCA, Dip.M, MBCS. FIOD Dale..
WYTHAM HALL LIMITED STATEMENT OF COUNCIL OF MANAGEMENT'S RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The Coundl of Management, who are also the directors of tha Hall Limrted for the purpose of ccmpany law, are responsiblg for preparing the Council Of Management's Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United lQngdom Generally Accepted AccountirwJ Prath'cel. Company Law requires the Countil of Management to prepare accounts for each financial year which give a true and fair view of the slate of affairs af the charity and ol the incoming resour8 and application of resources, including the income and expenditure, of the charitsble company for that year. In preparlng these accounts, the Council of Management are required to.. - select 5uilaNe accounting policies and then apply them COnstent. obsetve the methods principles in the Charities SORP.. make JUdgents and estimates that are reasonable and prudent., slate whether applicable UK Accounting Standards have been followed. subject to )Y material departures disclosed and explained in the accounts,. and prepare the accounts on th6 going coneern basls unless it is inapproprfate to presume that the tharity will ¢onlinue in operatton. The Cnc of Managem8nt are responsible for keeping adequate accounting records that disdose 1th reasonable accuracy al any lim8 the finanual position of the charty and enable them to ensure that the accounts comply with the Companies Act 2006. They are a180 reSponsie for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularitses.
WYTHAM HALL LIMITED INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF WYTHAM HALL LIMITED Oplnlon We have audrf(ed the financial statements of Hall Limited (the 'charily'l for the year ended 31 Mar¢h 2024 which comprise the slalernenl ol financial activities, the balance sheet and notes lo thè financial statements, including significant acwunting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 1L12 The Financial Reporting St&nd8rd applicable In the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practic81. In OUT opinion, the financial statements-. give a true and fair view of the stale the charitable company's affairs as at 31 March 2024 and of its incoming resources and application of resources, induding 11$ inrAJme and expenditure, for the year then ended., have been properfy prepared in aceordance wkh United Kingdom Generally Accepted Accounting practi.. ar)d havo been Prepared in accordance with the rfjquiremgnls of the CompaniesAct 2006. Basls for oplnlon conducted our ajdil ir* aGwrdance with Inlemational Standards on Auditing IUKI IISAS IUKII and applicable law. (Xjr responsibileS under those standards are further described in the Auditods responsibilities for fhe audil ol the fjn8nci&l statements seclion of our report. We are independent of the ch8rtty in accordance with the ethical requirements that are relevant lo our audit of the financial slalements in thè UK, including th& FRC'S Ethical Standafd, and we havè fulfilled our other èthical 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. Concluslons relatlng to golng concern In auditing the finanaal slatemenls. we have concluded that the Council of Management's use of the going COern basls of accountlng in the preparatlon of the financial slatanents is appropriate. Based on tho work we have porformed, we have not identified any material uncertainties rdaling to events or conditions that, individually or collectively, may ca$1 significant doubl on the ¢harily'$ ability lo wilinuo as a going concem for a period of al least twelve months from when the finanaal slalemenls are aulhorised for issue. Our responsibilities and the responsiknlilies of the counril of Management witr respect to going c¥Jn¢om are described in the relevant sections of this report. Other InformatSon The other information comprises the information included in the annual report other than the finarrial stslements and our auditor's report Ihereon. The Council of Management are responsble for the other information contained wrthin thè annual report. Our opinion on the financial slalements does not cover the other information and, except lo the extent othe188 explicitly slated in our report, we do not express any fomi of assuranco conclusion Ihereon. Our responsibility is lo read the other infomiatson and, in ijoing so, consider whether the other information is materially in¢onsislent rith the financial statements or our knowledge obtained in the course of the audit, or otherwise appears lo be materially misststed. If we identify such material inconsistencies or apparent material missialemenls, we are required to determine whether this gives rise to a material misslatemgnt in the financial stal8menls themselves. If, based on the work we have performed. we conclude that there is a material misstatement of this other inforrnation, we are requirèd lo report that fact. We have nothing to report in thls ragard. Oplnions on other matters prescribed by the Companies Act 2006 In our oplnion. based on the work undertaken In the course of our audit.. the information given in the CounThl of Management's rept)rt for the financial year for which the financlal slalernenls are prepared, which includes the directors, report prepared for the purposes of company law, is consislenl wrth the financial slalemenls,. and the directors, report included within the Councll 01 Management'8 report ha8 Ln prepared In accordance wkh ap leable legal requirements.
WYTHAM HALL LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF WYTHAM HALL LIMITED Mattets on whlch wg are rgqulred to report by exceptlon In the light of the kntsedge and understanding of the charity and its environment obtained in th8 murse of tho audit, we have not Identlfled merial misststements In the directors, rep(rt induded within the Council ol Management's report. We have nothing to report in respect of the following matters in relation to which the Companigs Act 2006 requires us lo report lo you if, in our opinion.. adequate accounting records have not been kept, or retums adequate for our audit have not been received from branches not visited by us,. or the financial statements are not in agreement with the accounting records and relufns,. or certain disclosures of trust8. remuneration specified by law are not made.. or we have not received all the information and explanations we require for our audit,. or the Council of Management were not entitled to Prepare the financial statements in att¢rdan¢e with the small companies ragime and lake advantage of the small companies, exemptions in preparing Ihg CouncH of Management's report and from the requirement to prepare a stralegr report. R8sponslbllltles of Council of Managem6nt As explained more fully in the statement of Council of Managemenys reSpOnslI111es, the Coundl of Management, who are also the diredors of the charity for the purposo of company law, are responsible for the preparation of the flnandal slalemenls and for being satisfied that they give 8 true and fair vigw, and for such intemal control as the Council of Management detemiine is necessary to enable the preparati of finanaal statements that are free from material mi5ststemenl, whether due to fraud or error. In preparfng the financial slal8men18, the Counal ol Management are responsible for assessing the charity's abillty to continue as a going concem. disclosing, as applicable, matters related lo going concern and using the going concern basis of accounting unless the Council of Management eilhef intend to liquidate the charitable company or to cease operations, or have no reali$tsc allernalive bul to do SD. Auditorfs responslbllltles for the audit of the flnanclal statements Our oblectlves are lo obtain reasonable assurance about whether the financial slatemenls as a whole are free from material misstslemenl, whether due lo fraud or error, and lo issue an auditor's report that includes our oplnion. Reasonable assurance is a high level of assurance bul is not ? guarantee that an audit conducted in accordance with ISAS IUKI will always dètect a material misslalemenl when il exists. Misstatements Can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected lo influence the ¢conomic decisions of users taken on the basis of these financial slalemenls. Irregularities, ineluding fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, lo detect material misstatements in respect of irregularities, inclLKling fraud. The extent lo which our procedures are capable of detectlng irregularities, indudlng fraud. is detailed below. Our approach to identifying and assessing Ihg risks of matefial misslatemenl in restct of irregularities, inclLKling fraud and non-compliance with laws and regulations. was as follows.. the engagement partner ensured that the engagement team co1ctIVelY had the appropriate eompetenc6, capabilities and skills lo identlfy or recognise non-compliance with applicable laws and regulatlons.. we identified the laws and regulations applicablg lo the Charity through discussions with Trustees and other rnan8gemènl, and from our th0edge and experience of the not.for-profil sector,. we focused on specific laws and regulaliens which we nsidered may have a direct n7aterial effect on the financial statements or the operations of the charity, including the Charitles Act 2011, the Charities SORP, and data protection, antl-1bery, employment. environmental and health and safely legislation,. we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondenc&,' and identified laws and regulations wore communicated within the audit team regul8rfy and the team remained alert to instances of nOn-comlance Ihroughoui the audit.
WYTHAM HALL LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF WYTHAM HALL LIMITED We assessed the susceptibility of the Charity'8 financlal slalements to material mis8latemenl, induding obtaining an understanding of how fraud might occur. by.. making enquiries of the Trustees and management as lo where they considered there was SUsptibl1ify to fraud, their knowledge of actual, suspected and allegeij fraud.. considering the inlemal controls in place lo miligale risks of fraLtd a)d non-compliance wth laws and regulations. To address the risk of fraud through management bras and ovethde of controls, we.. performed analytical procedures to identify any unusua5 or unexpected relationships., lesled journal entries ID identity unusual transactions., assessed whether judgernenls and assumptions mad8 in determining thè accounting eslimales were indicats.ve of potential bias., and investigated the rationale behind signrficanl or unusual Iransactlon8. In response to the risk of irregularities aThJ non-coMlan with laws and regulalions, we designed procedures which induded, but were not limited to.. agreeing financial statement disclosures lo underlying suppO.ng documentation,. reading the minutes of meetings of the Council of Management., enquiring of management as lo actual and potential liligalion and claims,. and revi8wng correspondence wilh HMRC. releVt regulators and the Charity's legal advisors. There are inherent limitations in our audit procedures doscribeAI above. The more removed that laws and regulations are from financial transactions. the less likely it is that we would become awa of non-compliance. Auditing standards also lirnit the audit procedures required lo identify non-compliance wth laws 8nd regulations to enquiry of the Trustees and other management and the inspeclion of regulatory and legal correspondence, rf any. Material misstatements that arlse due lo fraud can b¢ harder lo detect than those that arise from error as they may involve deliberate concealment or collusion. A fijrther descripllon of our iespon8lbilllles is available on the Financlal Reporting Council's website at.. httpsjl www.frc.org.uklaud5lorsresponsibililies. This des¢yiplion forms part of our auditor's roport. Use of our report This repprt is made SOlY lo the tharitable companvs members. as a body, in accordance wth Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate lo the charilatAe company's members those matters we are required lo slate lo them in an audiloi's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility lo anyone other than the charitable company and the charitable company's members as 4 body. for our audit work, for this repprt, or for the opinions we have fortned. Stephen Meredlth BA FCA DChA (Senlor Statutory Audltor) for and on behalf of Alliotts LLP b>L4 Chartered Accountants statutory Auditor Manfield House 1 Southampton Street London WC2R OLR
WYTHAM HALL LIMITED STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Current Ilnancbal year Unrestrlcted Unrestrlcted funds funds general deslgnated 2024 2024 RtrIcted fundg Total Total 2024 2024 2023 Notes Income and èndowmènts from: Donations and legacies Charrtable adivities other income 6.000 310,5TI 3,450 277,773 33,880 310,577 Total Income 316,577 316,577 315,103 Expondlture on: Charllable activities oth8r expenditure 338,195 7.251 22,539 367,985 336,343 27,000 12 Total èxpendlture 338,195 7,251 22,539 367,985 363,343 Net expondlturo 121,618) 17,2511 122,5391 151,408} 148.240) Transfers btheen funds (6,6071 6,607 Net movement In funds 128,225) {6441 122,539} 151,408} 148,240) ROn¢[lIatIOn of funds: Fund balances 811 April 2023 170,440 22.468 405,540 598,448 646,688 Fund balan¢9s at 31 March 2024 142,215 21.824 383,001 547,040 598,448 The slalement of financial activities indudes all gains and losses recognised in tho year. All income and expenditure derive from continuing activities. 10-
WYTHAM HALL LIMITED STATEMENT OF FINANCIAL ACTIVITIES {CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Prlor flnanclal year Unrestrlcted Unrestrlcted funds funds general deglgnatsd 2023 2023 R9Strlctgd funds Total 2023 2023 Notes Income and èndowmènts from: Donations and legaaes Charitable acliwties Other income 3,450 277,773 33,880 3,450 277,773 33,880 Total income 315,103 315,103 Expgndltura on.. Charitable activities Other expenditure 297,247 27,000 16,557 22,539 336,343 27,000 12 Totsl èxpendlture 324,247 16,557 22,539 363.343 N8t Income 19,1441 (16,5571 122,539) {48,2401 Transf8rs beknn fS 115.7861 15,786 Net movement In funds {24,9301 {771) {22.5391 148,2401 ReconcllIatlo of funds: Fund balances at 1 April 2022 195,370 23,239 428,079 646.688 Fund balances at 31 March 2023 170,440 22.488 405,540 598,448 11
WYTHAM HALL LIMITED BALANCE SHEET ASAT 31 MARCH 2024 2024 2023 Notes Flxed assets Tangible assets 14 384,825 408,008 Current assets Debtors Cash al bank and in hand 15 15,633 165.508 19,943 195,223 181,141 215,166 Creditots.. amounts falling due within one year 16 118,926} (24,7261 Net currant assets 162.215 190,440 Totsl assets legs current liabilities 547,040 598,448 The funds of the charlty Restricted income funds UnTestricted funds- general Unreslrieted funds- designated 18 20 19 383,001 142.215 21,824 405,540 170,440 22,468 547,040 598,448 ncial slalements were approved by the Council of Management on .. . arry MBA, FCCA. Dip.M, MBCS, FIOD Trustee DrP Reid BA, MB, BS, MRCP, DRCOG Trustee Company registration number 01777775 (England and Wales) 12-
WYTHAM HALL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollclos Charity infomiation Wtham Hall Limited is a private company Ilmlted by guaranlee incorporated in EThJland and Mklg5. The registered office is 117 Sutherland Avenue, London, W9 2QJ. 1.1 Accountlng convention The financial statements have beèn prepared in accordance wlh the charitys memorandum and articles of association, the Companies Act 2006 and "Accounting and Reporting by Charilie8.' Statement of Recommended Practlce applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland {FRS 1021 leffecbv8 1 January 20191" The chaiity is a Public Benefit Entity as definod by FRS 102. The charity hag taken advantage of the provisions in the SORP for charities applying FRS 102 Updats Bulletin 1 not to prepare a Stslement of Cash Flows. The financial stslemenls are prepared in sterfing, which is the fCtIonal currency of the charity. Monetary amounts in these finanaal statements are rounded to the nearest £. The financial statements have been Prepared under the histori¢al ¢osl ¢onventlon. The princlpa accounting policies adopted are set out below. 1.2 Going concern At the lime of approving the financial slalgrnents. the CounLIl of Managemenl have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable ftjknro. Thu8 the Council of Management continue to adopt the going concern basks of accounting in preparing the financlal statemènts. 1.3 Charltable funds Unreslricled funds are available for use at the discretion of the Council of Management in furtherance of their charitable objectives. Reslricled funds are subject lo specific condrtions by donors or grantors as to how they may be used. The purposes and uses ol the restricted funds are sel out in the note8 lo the financial slatemenls. 1.4 Incomo Income is recognised when the charty Is legally entitled to il after any performance conditions have been mel, the amounts can be measured reliably, and it is probable that income will be received. Cash donallons are recognised on receipt. other donations are recognised once the charity has been notified of the donation, unless perfomiance conditions require defèrral of the amount. Income lax recoverable in relab'on lo donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Grant income is recognised on receipt or olhetwise if the charity has been rtir1ed of an impending distribution, tho amount is known. and receipt Is expected. Incoming rgsources are the amounts derived from the provision of charitable services, and stated after appliCate discounts. 13
WYTHAM HALL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Contlnugdl 1.5 Expenditure Resources exponded are accounted ft)r an accruals basis. Certain expenditure is allocated and apportioned between costs of generating funds and charitable expendiiure by allocating costs on a fair basis. based on a specrfic rewew of th& expendire incurred. Cost of generating funds comprises costs which are associated with lSIng funds from all the possible sources of inMing resources. Support costs Comprise costs for th¢ training of staff, and have been allocated lo sheltered aecommodalion in line with the nature of the training. Governance costs comprise costs incurred in connection with administration of the charty and compliance and conslilutional and 8latulory re(virem1S. Salary costs have bèen allocated on the basis of lime engaged in each area of activity. 1.6 Tanglble flxgd assets Tangible fixed assets are intbally measured at C081 and stjbsequently mgasured at cost or valuation, net of depreciation and any impairment losses. Depreciatson is recognised so as lo write off the cost or valuation of assets less their residugl values over their useful Ilves on the following bases.. Freehold18nd and buildings Leasehold land and buildings Electrical appliances Fixtures and fittings Fify years straight line Flfty years straight line Four years straight line Four years slraighl line The gain or10s5 arising on the disposal of an asset is determined as the difference beheen the sale proceeds and tho ¢arying value of the asset, and is recognised in the stslement of financial activfiies. 1.7 Impalmiertt of Ilxed assets At each reporting end date, the charity reviews the carying amoun18 of ils tangible assets lo determine whether Éhere is any indication that those assets have suffered an impaimienl loss. If any such indication exlsls, the recoverable am¢Junl of the asset 1$ estimated in order lo determine Ihe extent of the iTnpairrnent loss Ilf any}. 1.8 Cash and cash equlvalents Cash and cash equivalènts include cash in hand, deposits held at call with banks, other short-tern liquid investments wlh original maturili8s of three months or less, and bank overdrafts. 1.9 Flnanclal Instruments A financial instrument is a Contract that gives rise to a finandal a8sel of one enlity aNI a financial liability or equity instrument of another entity. The charity has eleded to appty the provisions of Section 11 'Basic Financial Instruments, and lOn 12 'Olher Financial Instruments Issues, of FRS 102 10 811 of its financial instruments. Financial instruments are recognised in the charity'8 balance sheet when thè charity becomes party to the contractual provisions of tha instrument. Financial assets and liabilits.es are offset, with the net amounts Presented in the financlal slalemenls. when there is a legally enforceable rlght to sel off th& recognised amounts and there is an intenll¢)n to settle on a net basis or to realise the asset and sellle the liability simultaneously. 14-
WYTHAM HALL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accoufitlng pollcl Icontlnued) Baslc flnanclal assets Basic financial assets, which Intde debtors and cash and bank balances, are initk8lly Measured at transaction price including transaction costs and are subsequently carried al 8mortised cost using the effective intere81 method unless the arrangement conslilules a financing transaction, where the transaction is measured al the present value of the future receipts discounted at a market rate of interest. Financial assets classrfied as receivable within one year are not amortised. 8aslc flnanclal Ilabllltles Basic finanaal liabilities, including (xedit(Ys are inktially reu)gnised al transaction price unless the airangemenl conslitules a financing transaction. where the debt instrument is measured at the present value of the future payrnents discounted al a market rate of interest. Financial liabilities classrfied as payable within one year are not arnortised. Debt instruments are subsequently carried at amortised cost. using the effective interest rate rnethod. Trade creditors are obligations lo pay for goods or services that have been acquired in the ordinary course of operations from SLJppliors. Amounts payable are classified as current liabilities rf payment is due within one year or less. If not, they are presented as non-CUTrenl liabilities. Trade creditors are recognised inillally at transaction price and subsequently measured al amortised cost usng the effective interest method. Derecognftion of flnanclal Ilabllltles Financial liabilities are derewgni5ed %then the charity's ¢ontractual obligations ewire or are discharged or cancelled. 1.10 Employe& benellts The cost of any unused holiday entiuement 15 recognised in the period in which the employee's Servi are reeÉived. Terminab"on b&neffits are recognised Immediately as an expense when the Charity is demonstrably MmItted to temiinale the emtdoymenl of an employee or to provide terminats'on benefits. 1.11 Retlrement beneflts Payments to defined contribution retirement bwfil schgmes aro Charged as an expense as they fall due. 1.12 Fund The operating reserves are unreslri¢ted funds which are available for use al the discretion of the Trustees in furtherance of the general objects of the charity and which have not been designated for other purposes. The capital reserve represents the nel book value of freehold arvj leasehold land buildings hgld by the charity. 1.13 GovernmentJob retentlon scheme Government grants arè recognised at the fair value of the asset receIvj or receivable when there is reasonaUe assurance that th& grant conditions will be met and the grants will be received. A grant that speafies perfomance conditions is regnIsed in income when the perfomianee conditions are met. Vvherg a grant does not specify performance conditions il is recognised in inc¢)m8 en the proceeds are re¢eived or reIv8b1e. A grant r1Ved before the recognition criteria atE satisfied is r6cognised as a lialIty. 15-
WYTHAM HALL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Crltlcal accountlng èstlmates and Judgements In the application of the charity's accounting polici&s, the Council of Management are required lo make judgements, eslimales and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and a8socialed assumptions are based on historical experience and other factors that are considered lo be relevant. Actual results may differ from these estimates. The estimates and underfying assumptions are reviewed on an ongoing basis. Revisions lo accounllng estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revl&on affects both current and future periods. Crltlcaljudgements Trnglblg flxed a880ts Tangible fixed assets are recorded at cost less accumulated depreciation and impairment losses. Judgement s required to determine whether there are indicators of impairment of the company's property. plant and equipment. Factors lakws into consideration in reachirrfJ such a deasion include the economic viability and expected fuiure financial perfomiance of the assets. Key SoUe5 of estlmatlon uncertalnty Tanglbla flxed assets T8ngible fixed assets are depreclated over their useful Iwes taking into account residual ValS, where appropriate. The actual lives of the assets and residual values are asse88ed 8nnually and may vary depènding on a number of fadors. In re-assessing asset lives, factors such as technological innovation, product lifè cydes and maintenance programmes are taken into aCnI. Residual value asse$5menls consider issues such as future market conditions, the remaining life of the asset and projected disrKJsal values. Impairment of debtor balances The Charitable company makes an estimate of the recoverable value of trade and other debtors. When assess4ng impaimient management considors factors Includlng th& ageing profile of amount dua and hlstorical experien. Donatlons and legaclos Unrestrlcted funds Total 2024 Total 2023 Donations and glfts 6,000 6,000 3,450 For the year end8d 31 March 2023 3,450 3,450 16-
WYTHAM HALL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charltable actfvltlès Supported hou51n9 Total 2024 Toial 2023 Income from charitable actiwb'os Grants received 239,381 71,1 239,381 71,196 213,077 84,696 310,577 310,577 277,773 Analysis by fund Unrestricted funds- general 310,577 310,577 For the year ended 31 March 2023 Unrestricted funds- general 277,773 277.773 277.773 277,773 other Incom¢ Unrestricted Unrestricted funds funds 2024 2023 Insurance income 33,880 17-
WYTHAM HALL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charftable actlvltles Support&d houslng 2024 2023 Staff costs Other costs 161,991 163,864 161,991 163,864 169,103 117,206 325,855 325,855 286,309 Share of support costs (see note 7) Share of governance costs (see note 7) 29,790 12,340 29,790 12,340 39,096 10,938 367,985 367.985 336,343 Analysis by fund Unrestricted funds- general Unrestricted funds- Designated Restricted fiJnds 338,195 7,251 22,539 338.195 7,251 22,539 367,985 367.985 FOrthey8arend 31 Mar¢h 2023 Unrestricted funds- general Unrestricted funds- Designated Restricted funds 297,247 16,557 22,539 297,247 16.557 22,539 336,343 336,343 Support costs allocatsd to actlvltles Charftable actlvltles 2024 Total 2023 Depreciation Repairs and maintena0 Govemance 23.183 6,608 12,340 24,919 14,178 10,937 42.131 50,034 18-
WYTHAM HALL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support costs allocatsd to actlvltles {Contlnuedl 2024 2023 Governance costs comprlsg: Staff costs Audit fees 3,340 9,000 3,924 7,013 12,340 10,937 Net movgment In funds 2024 2023 The nel mov8menl in fvnds is staled after chargingl(creditingl'. Fees payable for the audit of the charity's finanual statements Depreciati'on of owned langibl? fixed assets 9,000 23,183 7,013 24,919 Audltor's rgmun¢ratlon The analysis of auditor's remuneration Is 88 follows.. F995 payable to the charity's audttors: 2024 2023 Audit ofthe annual accounts 9.000 7,013 10 Council Of Management Except as detailed in note 22, none of the Council of Management lor any persons COnnted wth them) r1Ved any remuneration or benefits from tho charity during the year. 11 Employ88s The average monthly number of employees durlng the year was.. 2024 Numbar 2023 Number Employment costs 2024 2023 Wages and salaries Social security costs Other pension costs 148,894 8,937 9,500 152,649 10,293 10,085 165,331 173,027 19-
WYTHAM HALL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 11 Employees Icontlnued) There were no employees whose annual remuneration was more than £60,000. 12 Other Total unStrIcted funds general 2023 2024 Fbod expenses 27,000 During the prior year the building on Sutherland Avenue suffered flood damage. Costs incurred to repair the property are induded abov8. An Insura daim was made which cL)vered the costs in full. 13 Taxatlon No provi8lon for taxation arises on the income of the charitable company due lo it8 charitable status. 14 Tanglblè flxed assats Freehold land and bulldln9S Lèasehold and bulldln95 Electwical Fixture8 and applianc95 ffttlngs Total Cost At 1 April 2023 919,284 207,656 43,915 72,039 1,242,894 At 31 March 2024 919,284 207,656 43.915 72,039 1,242,894 Depr8clatlon and Impalrment At 1 April 2023 Depreciation charged in the year 614,564 18,386 108,836 4,153 42.739 402 70,747 242 834,886 23,183 Al 31 March 2024 632,950 110,989 43,141 70,989 858,069 Carrylng amount Al 31 March 2024 286,334 96,667 774 1,050 384,82S At 31 March 2023 304.720 100,820 1,176 1,292 408,008
WYTHAM HALL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 14 Tanglble fixed assets {Contlnued Freehold land aThJ buildings corrprise properties.. 117 Suthèr18nd Avenue and 40 Lanhlll Road. On 24 December 1985, tho Charitable Company acquired It fr8ehold interest in ihe land and biildings of 117 Sutherland Avenue, London W9, which it previously held on lease. Consideration paid (inclusive of $t$) for Ihe propety amounted lo £238,806. The unamortised amount on the extinguished lease amounting to £10,800 was added lo the cost. 40 Lanhill Road. London W9, has been included in freehold land and buildings al its cost of £392,791 and all otheT additions and improvements subsequent to March 1994 have also been included at eost. Leasehold land and buildings comprises two properties.. 11 Charfield Court was purchased in May 1996 and 18 included in leasehold land and buildings al cost of £75,000 plus additions and improvements. 7 Charfield Court was purchased in August 1997.and is included ir¢ leasehold land and buildings at ils cost of £97,000 plus additions and improvements. 15 Debtors 2024 2023 Amounts falllng due wlthln one year: Trade debtors Prepayments and ¢rUed income 13,549 2,084 16,506 3,437 15,633 19,943 16 Credltoys: amounts falllng duo wlthln one year 2024 2023 Trade creditors Accruals and deferred income 9,926 9,0(KJ 25.810 (1,0841 18,926 24.726 17 Retlrement beneflt Schemgs Deflned contrlbuuon schem&s The Charity operates a defined corblribulion pension 8¢heme for all qualifying employees. The assets of the scheme are held separatdy frorn those of the charity in an independently administered fund. The charge lo SOFA in resped of d&fin&J ntrIbutiOn schemes was £9,50012023- £10,085). 21
WYTHAM HALL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 18 Restricted funds The restricted funds of the charity comprise the unexpended balances of donations and grants heid on trust $ubjecl lo spedfic condllions by donors as to how Ihoy may be used. At 1 Aprll 2023 Rasourcos At 31 March expended 2024 Capitsl reseNe 405,540 (22,5391 383.001 Pr8vlous year. At 1 Aprll Rosource8 At 31 March 2022 expended 2023 Capital resetve 428.079 {22,5391 405,540 Capital reSve Th18 matchos tho nel book value of the freehold and leasehold land and buildlngs at the financial year end acquired from restricted funds. 19 Unregtrlcted funds - deslgnatsd These are unrastricted funds which are malerlal to the charity's activities. At 1 Aprll Resources 2023 expended Transfers At 31 March 2024 Cyclical maintenance reserve Fixed asset reseNe 20,000 2,488 16,607) 1644) 6,607 20,000 1,824 22,468 17,251) 6,607 21,824 Prevlous year: At 1 Aprll 2022 Resources gxpended Transférs At 31 March 2023 Cyclical maintenanc8 rose)ve Fixed asset reserve 20.000 3.239 114,1771 (2,3801 14,177 1,609 20.000 2,468 23,239 {16.557} 15,786 22,468 22-
WYTHAM HALL LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 19 Unrostrfctod fund$ - deslgnated IConllnu¢dl Cycllcal maSntenance reservo A wclical rnainlenan reserve has been set up in respect of the extemal repairs and maintenance of 117 Sutherland Ave, 40 Lanhill Road and 11 Charfield Court. During the year a transfer has been made from the unrestricted general reserve to cover future expected malntenanee and refurbishment CO81s. Fixed asset res&rvo This matches the net book valuo of the fixed assets al IIE financial year end excluding the freehdd and leasehol(i properties. Unrestrlcted funds The unreslricled funds of the charity comprise the unexpended balances of donations and grants which are not subject lo specific conditions by donors and grantors as lo how they may be used. Those includ8 deslgnated fund8 whlch have been sel aslde out of unreslricled funds by the Irustegs for ScIfiC purposes. At l April 2023 InmIng Resources re8ource8 expended Transfers At 31 March 2024 General funds 170,440 316.577 {338,1951 {6,607} 142,215 Prevlou8 year: At 1 Aprll 2022 Incomlng rosourcgs Resources gxpendod Transfers At 31 March 2023 General funds 195,370 315,103 1324,247) 115,786) 170,440 21 Analysls of net assets belween funds Unreslrlcted Unrestrlcted nds funds gonoral deslgnated 2024 2024 Restrlcted funds Total 2024 2024 At 31 March 2024: Tangible assets Current a8setsllllabilitiesl 1.824 20,000 383,001 384,825 162,215 142,215 142,215 21,824 383,001 547,040 -23-
WYTHAM HALL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 21 Analysls ol not assgts between funds {Continugdl Unrestrlcted Unrestrfcted funds fund$ gengral d8slgnated 2023 2023 Restrlctgd funds Totsl 2023 2023 At 31 March 2023: Tangible assets Current assetsllliabilih.esl 2,468 20,000 405,540 408.008 190,440 170,440 170,440 22,468 405,540 598,448 22 Related party transactlons One member of Coun¢il lives on sile at 117 Sutherland Avenue, paying full s&rvice charge rent and provides managerial and out of hours cover on sile. This arrangement has been approved by the Council of m&gement. There were no other r8lal8d party transactions in the year. -24-
Wytham Hall Llmited 117 Sutherland Avenue London W9 2QJ Charlty Registration No. 289328 Cornpany registration No. 1777775 Alliotts LLP Manfield House 1 Southampton Street London WC2R OLR Dear Sirs, Audlt of Ilnanclal 5tatements- Year ended 31 March 2024 Thi5 representation letter is provided in connection with your audit of the financial statements of the charitable company for the year ended 31 March 2024, for the purpose of expressing an opinion a5 to whether the financial statement5 are presented fairlytr in all material aspects, in accordance with FRS 102 and the Charity SORP. We confirm that the following representations are made on the basls of enquiries of the trustees, management and staff with relevant knowledge and experience land, where appropriate, of inspection of supporting documentationl sufficient to satisfy ourselves that we can properly make each of the following representations to you.. We have fulfilled our responsibilities as directors under the Companies Act 2006 and "Accounting and Reportlng by Charities.. Statemerbt of Recommended Prartice" applicable to harities preparing their accounts in accordance with the Financial Reporting Standard pplicable in the UK and Republic of Ireland IFRS 1021. We confirm that in our opinion the financial statements give a true and fair view and in particular that where any additional information must be disclosed in order to give a true and fair view that information has in fact been disclosed. We confirm that the selection and application of the accounting policies used in the preparation of the financial statements are appropriate, and we approve these accounts for the year ended 31 March 2024. We confirm that all accounting records have been made available to you for the purposes of vour audit, in accordance with your terms of engagement, and that all transaction5 undertaken by the charitable company have been properly reflected and recorded in the accounting records. All other records and related information. including minutes of all management and trustees, meetings, have been made available to you. We have given you unrestrlcted access to persons within the company in order to obtain audit evidence and have provided any additional information that you have requested for the purpose5 of your audit. We acknowledge that it is a criminal offence to make a false statement in this regard, and where any director either makes a false statement; is aware that the statement is false; is reckless in preventing this statement; or fails to take reasonable steps to prevent the directors, report from being approved. we acknowledge that each director will be guilty of a criminal offence.
We confimi the charitable company has satisfactory title to all assets and there are no liens or encumbrances on the assets, except for those disclosed in the financial statements. We confirm that the methods, significant assumptions and data used by us in making accountinE estimates, and the related disclosures, are appropriate to achieve recognition, measurement or disclosure that 55 in accordance with the applicable financial reporting framework. We confirm that we have no plans or intentions that may materially alter the carrying value and, where relevant, the fair value measurements or classification of assets and liabilities reflected in the financial statements. We confirm that the charitable company has no liabilities or contingent liabilities other than those disclosed in the financial statements. We confirm that all known actual or possible litigation and claims whose effects should be considered when preparing the financial statements have been disclosed to you and accounted for and disclosed in accordance with the applicable financial reporting framework FR5 102. We confirm that there have been no events since the balance sheet date which require disclosing or which would materi311y affett the amounts in the financial statements, other than those already disclosed or included in the financial statements. 10. We confirm that we are aware that a related party of the charitable company is a person or entity which either directly or indirectly controls, has joint control of, or significantly influences the charitable company or vice versa and as a result will include: trustees, other key management personnel, close family and other business interests of those individuals. We are not aware of any further related parties or transactions that have not already been disclosed to you. 11. We confirm that all related party relationships and tran5action5 have been accounted for and disclosed in accordance with the applicable financial reporting framework, FRS 102. 12. We confirm that the charitable company neither had, at any time during the year, any arrangement, transaction or agreement to provide credit facilities lincluding advances and credits granted by the companyl for directors, nor provided guarantees of any kind on behalf of the directorsltrustees. 13. We confirm that the charitsble company has not contracted for any capital expenditure other than as disclosed in the flnancial statements. 14. We confirm that the charfcable company has complied with all aspects of contractual agreements that could have a material effect on the financial statements in the event of non- compliance. 15. We confirm that we are not aware of any possible or actual instance of non-compliance with those laws and regulation5 which provide a legal framework within which the companv conducts its business and which are central to the company's ability to conduct its business, except as explained to you and as already disclosed in the financial statements. 16. We acknowledge our responsibility for the design, implementation and maintenance of controls to prevent and detect fraud. We confirm that we have disclosed to you the results of our risk assessment of the risk of fraud in the business.
There have been no deficiencies in internal control of which we are aware. 17. We confirm that there have been no actual or suspected Instances of fraud Involving management or employees who have a significant role in interrsal control that could have a material effect on the financial statements. We a150 confirm that we are not aware of any allegations of fraud by employees, former employees, analysts, regulators or other5. 18. We confirm that, in our opinion, the charitable companvs flnancial statements should be prepared on the going toncern basis on the grounds that current and future sources of fundlng or support will be more than adequate for the company's needs. In reaching this conclusion, we have taken into account all relevant matters of which we are aware, including the availability of working capital and have consldered a future period of at least one year from the date on which the financial statements will be approved. 19. We confirm that in our opinion the effects of uncorrected misstatement5 are immaterial, both indlvidually and in aggregate, to the financial statements as a whole. A list of the uncorretted misstatement5 15 attached to thi5 letter. 20. We confirm the specific representations made to you during the course of your audit as follows.. Debtors as stated at the year-end are considered fully collectable. 21. We acknowledge our legal responsibilities reg2rdlng disclosure of information to you as audltors and confirm that.. so far as each director/trustee is aware, there is no relevant audit information of which you as auditors are unaware, and each directorltrustee has taken all the steps that they ought to have taken a5 3 director to make themselve5 aware of any relevant audit information and to establish that you are aware of that information. 22. We acknowledge that it is a criminal offence to knowingly or reckle551y make you as an auditor, a Statement loral or writtenl that conveys. or purports to convey, information or explanations that you require in your capacity as auditor, or are entitled to require, that IS misleading, false or deceptive In a material particular. Yours ithfully, Name Approved by the Council of Management and SiEned on its behalf