Reghtered nUM￿r. 01989868 Charlty number. 293522 ST. LUKE'S OXFORD (A company limit•d by guarantee) MEMBERS OF THE COUNCIL'S REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ST. LUKES OXFORD (Acompany Ilmlted by guarantw) CONTENTS Page Refernnu and admlnhtra￿Ye delallB olthe Clwrfty. Ft8 IAemlJ•rn of the Councll and advlurs Chairman's sLth•nt Messag• from Chl•f Ex•cutlv• M•mb•rs of the Councll'o rvport 5-10 Ind•p•nd•nt audltorfi report on the finandal slat•m•nts 11-13 Statemtnt of Ilnanclal aclivltl 14 Balance sheet 15 Statement of ¢ash flows 16 Notss lo the finan¢lal slat•m•nts 17-30 ST. LUKE7 OXFORD IA company lknltfjd by guarantsel REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS MEMBERS OF THE COUNCIL AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2D24 Mwnbern of the Councll Mr L A p0￿b￿. Chairnwn MrGPCa Lady J Nomian. Dr H Van Oss Mr R Mann" (resigned 26 July 2023) Mr M J Wilk￿5￿.. Treasurer Mr P D Burge Ms T Wdlord Mr S Pdito" laprdnted 27 March 2024) Mr N Ritthie" (appL¥nled 27 March 2024) ' member of the Finance Commitiee Company r•gist•r•d number 01989868 Charity r•gist•rnd number 293522 Reglst•r•d offlce 4 Latimer Road Headi Oxford OX3 7PF - ex•￿tIVe officers Sir fimothy Stev￿. OBE. P￿Iden1 Eart of Donoughmore. President Mrs S B S Hrmnersham. VI￿ President Key rnanag•m•nt personnel Mr R L Burden. Chief Execulive Off Mrs V Waine. Matron Mr A M8brahttJ. Finafi￿ M￿ager 8ThY Ccmpany Sécretary Mr J Peake. Facilities Manager Independant audltor Jan￿ Coyr KreStr￿ Audit Chartered Accourrtants and Slatuw Auditor 2 Chawley Park Curnn￿ Hil Oxl¢ydth OX2 Banker• Lbyjs Bank PIC POBox8 1-5 High Street Oxfcfd QX14AA HSBC Pk 2nd Floor Seacourt West Way OKfrKd OX2 OPL Pa9e 1 ST. LUKES OXFORD IA oompafiy limbt•d by guarantw) REFERENCE AND ADMINISTRATIVE DETALS OF ThE CHARITY. ITS MEMBERS OF THE COUNCIL AND ADVISERS {COMTINUED} FOR THE YEAR ENDED 31 IAARCH 2024 Solklior¥ Blake Nth)rgan Seacourt T Wesl Way Oxford OX2 OFB ST. LUKES OXFORD (A company limitod by guarnntso) FOREWORO FROM CHAIRMAN FOR THE YEAR ENDED 31 MARCH 2024 The chaimwn presents lis stateff*nt for sear. It has been another solid yearfs progfess at Sl Luke's wtlh frtcupancy Consistently around 85% help&J by the c(*)linuation of the twfrweek intensive 1(￿bed rehabilitalion programme with the Oxfordshire County Council and NHS altho￿h. in earfy May. due lo the financial diffKulties arKI thoices faced by these bc#Jies we leaml that the contract will be terminated al the end of that mi)nth. This will be rerdaeEd by a new O￿lne portal due to g) live in July. on which we will be able to ap￿ fcf patients. leaviThJ a short period in wthich lo receive continuing care an¢J fast track placements through the c(￿&￿tS Ihat we have built up in the ojntinuing care team. Time wll tell how effe¢￿ve this system wll prove to be. In the near term Ihis focus us more on the self-funded market especially sh)rt slay patients. bul ¥M wil be acts￿ exFAoring at8mative contract option5 wilh the NHS and IC8. In line ￿th occupancy, we have aso remained siaffed. ¥*iih a m￿h￿edUced dependency on agency staff. In general. under the care of Matron and her dedicaled nursing leam. SLVPOrted by the Care Goveman¢x committee, the care and dinical manageTh￿l has shcywn suslainad a￿1 sa1￿CtOry progross. We remoin with a Good CQC rating n all calegories. Ckn the finanoal front we registered anrAher modesl surplus broalty in line with b￿eted figures at the Operating level. altht)ygh this has been Signif￿anWY improved at the bottom ￿ne by a number of generous donations towards the refurbishmenl programme of 20 bedrrK)ms vthith is sche(luled to be compleletl by June 2024. A fvnd4aising wak. org￿lsed by Irustee Miet Nomian. raised almost £30.CQO towards the target of £318.000 for the cost of Lrpgrading th8 bedrooms. whlsl ancther 26-mi18 hik8 across Oxfordshire countryside has taken place in Awl pr￿U¢Ing fvrther much needed funds. On account of a healthier financial position it was deiided to make an oarfy repayment of a part of bank lo￿ Ihal was tsken out in 2020 to fund the build of the seco￿1 floor of the hospitd, in ¥iew ol Inte￿$t rntes be•w held up in the face of sticky inflalon, wlwlsl our objective wll be lo contiwe lo ac￿lera￿ Ihis loan repayment if our finan(xal w)sill(￿ allows it. In thi5 endeavour hav8 b8en widèd by the wise of tsjr Treasurer. Martin Wlkn'nson. V•fvJ wll be stepping dcmn from this role after 8 ￿arS in June. As well as lo Mar￿"n, l am heavily indebted to cmjr rt4ef executive Richard BuNlen and his managemeni tsam. as wdl as to U)e staff of St Luke's and c￿￿1 members who give so ge￿rous1Y of their thme and valuable advlce. Luke Po￿￿bbY Chairman Dale.. 0210712024 ST. LUKEE OXFORD (A company lin￿ted by guaMtee} MESSAGE FROM CHIEF EXEcimvE FOR THE YEAR ENDED 31 IIARCH 2024 This has been anolher sUc￿5￿1u1 year allhwgh Ihe OLxyJpancy fKJJres are at 86%. However. thls was due in part to ¢yJr refurbishment wthjramme. We haNe been upJr8dirKJ bedrooms on the first and secffid fl￿)r by fitting wet rooms n rooms whith fcffmedy 0￿Y had washbasins wc's. They have also been redecorated arKI fitted wilh new beds. carpets avKI curt&"ns aThJ have comFAeted 16 of Ihe 20 planned at tlNs time. Wo rt¢)w have 46 01 our 62 bedrooms Ihilh rtth)s. Arther successful of fundraisiNJ has funded this refufbi5hffl8nt with £125K being Taised thi8 ￿ar l￿wardS the cost of upgradirNJ 20 bedr¢￿M5. Our 11>bed rehalylitstion Contrart has to rol over has been renamed 'wiiler pTrssure beds,. The County cour￿11 have carried out a teThJ8r process tr care homes lo contracl with them. At the moment we do not krw)w the results of the tender. which c0ffffien￿ in J￿. but now know that our 10- bed contract wl not contiThJe be>rJnd the end of May 2024 due to budgetary issues. 11 is possible that ￿habilitatic￿ beds will also go out to teThJer at scrfne siag8. In the sh)rt lerm we shau have to concentrale on the 5elklunded market and onlinuing care. We are well staffed with a full team. Tumover rales are 1￿. whith i¥ much better than thè nali¢)nal avérage at 28°h. Wg do have a problem *ith our sickness rates. wh￿h have inwsed to 1.9 per day and this has clearfy impacted our costs as well as puw pressiffe cfft other staff. Maiemity rates 019% in the year are also very high with the nallonal avgwe at 0.1%. Our new c8lerirKJ u)ntract(Ys have Ihrlwh 8 pwlect storm of unfortunate ciTcumstance5. bul with new Chef Managef and *elumiNJ supwrt team we beI￿ve Ihal loThJ Serv￿ is back on track. We have been preparirKJ for the new co￿ ￿lalIty Commissw repm system and with the efforts of the Car8 Govem8nce Committee and the Nourish champic￿5 Team. we are Pro9￿51r￿ well with meeting all Ihe standards. We fimily believe that we we oulst¥Kling in mosl of ¥th81 w8 th). The resllienee of SL Luke's h8s tréen demonstrated ty surviv81 thrcwh the pandgmic. Ihe buikling works wlth the commensurate h•3h interest rates and sUr9N￿ inflation. There is every reason lo believe Ihal it wll continue to thrive whatever happen5 ￿th the stalevfunded ￿a(￿￿ents. allFKJuyh as a d)arity w& clearfy wsh to continug to SLFPWt the NHS and social seThicts. Our mix of excellent rehab￿ltatiOn seNi¢es, high quality ntKsing care Icrf respite. palliative care and long-term care for athjlts and okler persons give tts the nexibility lo adapt to m8rk8t changes and our continuous F￿gramme Of￿1￿0VIng our kn"I"lies keep5 U5 1xmpelib.ve with the marketplace. Once again. I would like lo thank our excelent and Supp(¥tr￿ Iru5tees aTrJ our superb and dedicated workforce. Rlchard Burden Chi8f Executive Officer Dale.. 0210712024 P*Jè 4 ST. LUKE% OXFORD (Acompany 11ml1￿ by guarantsè> MEMBERS OF THE COUNCIL'S REPORT FOR THE YEAR ENDED 31 PAARCH 2024 The mernbe￿ of the Cryjncil presenl fvir annua rgFW)rt t(YJelher wilh the audiled finanLyal statements of the Company for the year 1 April 2023 to 31 Marth 2024. The Anrnjal report seNes the purposes of both a Members of the eC￿￿1'S report and a direct￿s. retK¥t under ctxnpany law. The Members of the Council nfirm tho1 the Annual report finan¢?al statenwnts of the dwnt8ble Ccthpany CoM￿Y with the current statutory requirements. the requirements of the Charitab￿ CJ)mpanVs ux)veming ￿0￿ment and the provisions the Slatement of ReC￿Me￿Ied Praclice ISORP) ￿l¢alle lo tharities weparing their accounts in accordance th th8 Finonaal Rep)rbrwJ St8nda¢d 8ppli¢8ble in UK arKI Re￿bI￿ Ireland IFRS1021 (effecthve 1 January 2019). The Charity also trajes under lh8 name St Luke's Hc¥l81. ObJe¢tlves and actlviti•• Stratsg1￿ lor a¢hlevlng objedlves The objects for which the th8rity i8 established are the Tell￿ and care of tt)è ehjerly. sick. disabled atyl poor trom all faItt￿ and those of Th)ne. induding. to the extent that it 1$ relevant aThJ PTadi¢al to do so. in a manner and almosphgre appyopriate to such faith.. In pursuit of the aLw objects. the cl* shal: {al assist in the treatrnenl and care of pers￿￿ suffering frrxn physical illness of any description or in need of rehabilitation a5 a result of such Ilness. by the kwovsM)n of knng-t8rm nursiThJ care, po11iatrve care, resF4te care and p¢)St-operab've rehabilitstion for sick. d￿atr￿e(l and elderfy pers￿5., {b) endeavour to promote th8 d*3nity and qualty of life due every indivldual, seelng each as a whole person. and aiming to give all those sufferiNJ fr(Mn pain and disabiffity Ihe opp(¥lunty for wowlh in happness and spiritual d8velopmenL a (cl offer s￿ritUal support fcy patients lo exlenl that palients wish to seek such corffjultats.on through the provision of visits from such people offwth as are appropnate. which may indude services in the hospital Chapd. In furtherance of Ils objecbves Charity opwales a 63 bed howxtal in Headingkn. Oxford wl¥th provhJes care for both long stay and slK>rt stay patients. The success ol the charity is measured by Ihe number of satisfied paiienls and from the feedback gained from ￿ffent pasl patienls. In the yeor endgd 31 March 2024, 89% of patients rated Sl Luke's as at leasl'Good' with 50% al Dutstandin9'. 95% of th& r8spond8nts woukl recommend lo lrieThJs and family and 91% s￿d Ph￿Y service at OutslanL*'ng. The financial resulls ar8 l•d out ￿ page 18. Publlc b•n8fft The CourKil ccmsiders thal it has comklied with SeclK)n 17(5) of The ChariiE5 Act 201110 have the regard to the public b￿er11 guidance publighed by the Charity Commiss￿n. Durin9 this f#)ancid year Ihe Trustèes have carried out a rev*w in orthr to onsure that St Luke'$ is meeting its obli9abons a5 a registered charity to deliver a bgn9fi1. We are d￿r that w8 do carry out 3 servi¢8 which cleady offers a significanl public beneffit bcth to Ihosa (x)me to us as patsnls and also to ￿ wider local community in whi¢h Sl Luke's is gtuated. Our purFK)se as a tradiNJ is to gwdle income $0 Ihal we can reiniest back into better relief and care for the eldetly, sick, disabled and ￿. st Luke's is unique in its aknlrty to offer a c• packag& of core both Sh1￿ and l(ry slay patients. We are well stsffed wth nurses and ￿ a high of nurnes enafAiig us pmmde tha very best of care. ST. LUKES OXFORD {A CoM￿nY limilod by guarnnlee) MEMBERS OF THE COUNCIL% REPORT (CONTIIIUED) FOR THE YEAR ENDED 31 MARCH 2024 ObJ•ctiv•s and actlvitl•s {contlnu•d) They are backed LV ty teams of ph￿ISts. oCrJJpat￿)nal theraixsts and wealiM81 Iherapisls. This means patients are kept as active as [￿SSIble and those retuming home are a5 well prepared a5 15 P055iblB. AII applications from eldety ￿TSC￿5 rneel the ￿$￿ta.$ admission Criteria for health are conside￿d and equal merit is gr￿n lo all suth appli&￿ts. For those are Unab￿ to meet the Iw)spit81's resitjential charges. they aré able to apply to thè kncal aulknty assi$L￿te and ￿r1&aM KYovKley supwt on thts reyard. W8 work closely with Ihe NHS. We take patients fworn th8 NHS ther have particularty high levels of nursing needs or req￿re intensive Ftysiotherapy in order to return home. We cunènfly offèr 5 to 15 fast track and con￿'n￿1n9 care teds and to help rdieve NHS from bed blctknThJ. The aim of this is to ènsure thal we rehabilitate patients, rfjdu￿ the lim8 spert in a￿te IK>sptals aThJ helpiThJ to make Swe public funds are used in the most efficient way. Following the development. we have a range of excdleni facilities and we seek to make sure that these are W*idgly avadable within the local Community: we provide ed￿tiOn and training r00rn5 which are let out: nsulling ro(*ms are cccupied by a range of h￿h quality health wof8ssionals incbJd￿g a chiroFKaclic service. X4ay, C.T. scans. Skin dini¢s arnl ultrasound: coffee shr*. and the garden are cfen to the publi We have a number of evenls f(* the comnwimty. There is a Big Lunch. Help wth Fundraising Activities. Christmas Lunch for Ihe rgsidents of ￿￿051er House. aThJ the Chapd is used both by Churth of England and Roman CatPdic ¢cMgreg8thx6. We are also l(K*ing al skills IT￿ing whth coubj be available to the community. For many Jeers the Sl Luke's Housin9 Soc*ty Ltd. an irKlependenl and distinct charity. has cKcupied Mcmasler House, ththich Is part of our premises. on a Peppe￿ renL They offer shaliar8d trb)usir¥J onsite managernent and Maintenar￿ servi￿5 85 well 85 24 hour emgr9enw alarm o)ver. As we write this report. the St L￿￿e'S Team are iKredW hard lo siyiy)rt and proted our patients arKI provide quality and friendly care services. Ore way n whth thg charity 1$ able to $upport the widgr community. is to offer a bed to a patient who can ro loryJer remain al hcme; either because their usual care pad(89e is no lor4Jer available. or their family carer 15 unwell. We Tr)w h8ve Ihe capacity Io SUPF&Yt more patients Ihan-ever beffft. and we are keen lo ￿8Y part in to suF¥>)rt Ihe most vulnertjle palients in the county who could benefit fr(￿ our expertise resources. Achlévements and pèrfomMnce Fundrnlslng adlvltl68 and In￿￿* g•Mrntlon St L￿e'S has continued to engage a professw fvThJralser lo manage and supwl a frjndraising Campai￿ lo help raise fmance for the refurty"shment of r(x)ms s￿1 replao'ry dd tJed& The fundraiser is member of the Instliule of Fundraslng. Thè fundraiser rep￿$ to tr* fuThJraising cfjmmrttee whic*+ meet monthly to rnW8W th8 r8sults of fundraising campai￿. The dulles of the ftnjraisiry committee incknle en5uiing that the fundraiser acts In a¢cLYdance %Mth the professional standards of Ihe Institute of FuThJraisiThJ and the ct¥mmittee has the wwer lo investsgate into any ts￿a¢h of those staThJard$. The fundraising campaign has been ￿ces(u1 in raiwr¥J £145.556 this yBar (2023.. £59.894}. This was achieved through making applicatb)ns to syanl makin9 trusts. uvlividual gifts from supporters and or9anising events $LKh as Walking. We gNe Speci￿ Ih8nks to 811 ow d￿thYS sukwt St Luke's through ￿1raMazing generosity. The donations and grants we receive help us to make sYJnificant inprOVen￿ts lo our faalilies and lo the servKes we offer to the COmTh￿nIty. ST. LUKEE OXFORD (A company limited by guarantae) EIIBERS OF ThE COUNCILE REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 A¢hl•v•m•nts and prfOrn￿ IcontinL*d) No breaches in slandards were detected and no CLvnF4aints in Telation to fuTrJraising actNlthg5 were received in the year ended 31 March 2024. To prclect vulnerable WF4e and the wid6r wblic from certain b￿a￿￿r during (or in conneclion to) fundralslng activities, and enwjre that St Luke's IK4ds arKI abhJ¢s by its ry•m privacy pdicy. Flnan¢lal r¢vlow The year contlnued lo bo a challerth2iNJ Me for Sl. Luke'g. b(¥th fknan¢xally and opèralitinally. H¢Y*￿Ver, wth #n overall OC£upan￿ rate of 86.32%. the charity retumed a surplus on Unfystricted Funds of £211k12023'. £283kl, a ffjsult for which the manag￿￿￿1 arHI stsff nee(J to be congratulated. Thi5 occupancy was achieved despite vo rooms b8ing cx)nstsnlly out of Service lor refurbishrr*nt throughout the year. A tight control was kept on key costs and Covid-19 infectims. Our agreement with ICB (Inlegraled Comfflissioning Board). and Oxford University kkjspitsls IOUHI NHS Trust lo guarantee provisKffl 0110 beds. aFfsroximately 16% 01 our available occupancy continued throuthoul the ￿ar. This conlrxt conbnued inlo the first tsvo rnonths ol the new year but was lem)inaled at the erKJ of May 2024. Overall, the Cwncil's obiecb.ves f(* the year were lo return an Opera￿n9 surplus. build resarves. a￿1 raise furKIs for Ihe refurbishment of rootns on the ground and first lIc￿. These objectives were largely achi8ved wilh cash resources of £1,077k lincknying money market deposits} {2023: £1.161k) al year end after a lump sum repayrnent of £200k from our HSBC kng terffl loan. At yèar end we had also ratsed a total of £237k in Restricted Funds since 2022-23. This has lunded almost ￿ thirds of the costs ol otjr ￿enty-r0￿M refurLMshmènl project. Flxèd asuts Th& freehokl land and t¥Jildings are vabjed on a hi81￿1c*1 cosi cOn￿lI10n. Thg co￿1 have cOr￿lUded that this Wa￿atiOn wlicy is appropriate for the tharityfor the I￿se￿able future. R•sor4•s poll Council's p(Aicy is to reiwJild reserve5 to provide for ihe loThJ-term fijlure ol Ihe Pkjspital. In order lo achieve ihis objective. we led that a cash reserNes level equNalent to months operoting costs is appropriate. However.11 is recognised that this WTII take several yEars lo admeve as the repayment of the £3.3m loan from HSBC for the bulding project VAI lake a signrficant prO￿rtIC￿ of wr Iree cash gerwatw. Current cash resources as 0131 March 2024 stand at approximalety three months op9ratiry 0￿1$. Prfnclpal ri5k8 and uncertalntles I￿Sk Statement As m8nlton8d earlier in this r8pcKI St Luke's cx)ntinues to face a number of Challenges. However. the Council and Management have made c(InsideratAe pr(#Jress lo rntyte these r15k5 ￿erever ￿ssib￿. In almi￿On to the above our po&tM)n ha5 been Str*h￿ v)nsideratly due to the following fo￿￿.. The 10 be(Is contract with IC8 {Integra*d Cl¥nmrA￿JnIThj B￿r￿). workir*J for Oxfor(l UnNersity Hospital NHS Trust, has boost8d our occupancy and ￿come. We have repaid a lump sum of £2(K)k from wr bryterni HSBC loan. in addition to the regular monthly repayments. Page 7 ST. LUKES OXFORD IA company limited ty guaranteè} IIEMBERS OF THE CCMJNCIL3 REPORT (CONTINUED) FOR THE YEAR ENDED 31 PAARCH 2024 Coun(a believes it has idenlified the maiu risks to vthich the Ho4Mtal is exposed. These indude finanaal stability. maintaiNng a strong repLrt8tion. quality of the care pmwded. ar￿ any future f8surgenc8 of a m8jor pandemic. ￿Sk$ have been categcfised both by Ihe l*dihoc*J of ther occurrence and ￿tential impact. COU￿11 review5 the adequacy of proleckn.C￿ agan5t these risks and. rf requyed. puts in place pro￿ureS to milHJate them. C¢Jun¢il meets quartety ￿ cons*Jer thè arKI ml1wJa￿n of risks. ar￿ the Fin8r*ce Committee. meeting more regularty. keeps a dose watch on levels of expenditure and overall ffinancial performance. In athJill￿ to the ab)ve, our brytvm loan from HSBG wnpjses certain tsjndilions on our financial and operating performance. DuriThJ the past yaar. the tharity rn81 al its loan o)venants. Overall. the Hospital is in a much sirryT Fw11￿ than in the last few )ears. There is no d￿jbI that significant risks and Challer￿eS still lie ahead. CourKil bebeves that with ￿Jr current financaal ￿SitiOn operational procedures we are ￿nfvJenI that we ¢an move fopwar(I positivety. Stru¢tur•. go¥èmanc• and man•g•n*nt Conjtltutlon Si. Luke's Oxford is ffjgistered as a charttatje c£xnpany limited by guarantee and was sel up ty a Trust deed. GOv•Man￿ and Internal ¢onlrol A panel ccrfnpfising exislw¥J cour￿11 Members sdects the Members of the Council. Appointment is subj'ect to the aprKoval of the counul. AFpoinlees are Interv￿ by Ihe Cham)an and one other Member of thecouncil and provlded wlh full infomiabon ab¢)ul the charity before being invite(I to pin the council. Membersof the cou￿1 s8r¥e for a threè period and may b8 r￿lected The o)uncil meets ff￿r tines a Jear. Tho F￿nce C(Knmitlee is mado up of Mgmbors of the CourKA and Usually meets eKJhl times eath year. The uJmmit188 operales und8r sp8cific lerff* ol r8f8rence, under which certain functions a￿ delegaied the COU￿1. The commiltee has its d8cisions ratsfied by the full board. The remuneration sutrTrcommittee d Ihe Finance C(Thnittee is resF>ms￿le fty selting Ihe pay and conditions of the key management pBrs(*)nel. The council has pjwer to 0￿r subcommittees lo consider key matters such Is strategy, buildings, aswrartt arKI fuTh*aisr@ as and Ihe need arises. For the dUralk￿ of the tsjihying KWC4ad, the ccrtm¢il decided to nwpe the Finance Committee wilh the builthngs corvwnitlee. The COU￿11 delegates the daTrtsAay runniNJ of St Luke's to the key managemeni personnel who operate under the directKsn of the Chief Executive Officer wthin the framewo￿ of the annual budgel. The council approves the annual budget vthich embodie5 the strategy for eath yEar. operation￿ dècisions are then made by the key rnanager￿nt personnel except where expenditure is in excess of £10.1￿. vthi¢h requires the apwoval of the finance committee. The m￿barS of th8 Councl hav8 overall for 8rtsurirvJ that th8 charity has approwate systems of Cont￿1. fmanclal othep*ise. These syElems shwkl WOYKle rea%￿able assurance tho1.. the Ckn￿ty is operating efficiently and effectively. ils assets are safeguarded against UnaLthOri￿ use or disF*)s1I￿'. proper records are manlained and financaal infomwtM)n used %Mthii the d)arity, or lor pu￿leat￿1n,l3 reliable., 8nd the ch￿ty ojnplies relev8nt18ws regulalb)ns. Page 8 ST. LUKES OXFORD IA wnpany Ilnthd by 9uarantee} MEMBERS OF THE COUNCILE REPORT (CONTINUED) FOR THE YEAR ENDED 31 PaARCH 2024 Structure• govwnanco and manaymonl (¢•)ntlnu•d The syslems of inlemal contrr4 are dwned lo prov*Je reasonable assurance againsl material misstatemént or loss. They indude- five plan and annual lxtytapw0v￿l ty the ￿nCl. regular consid8rat￿n by Ihe council of finanaal resdts and vBri8nces from b￿￿gets. delegation of authority and segregation of duties: WKI appropriate Irdining and development of Staff. Plans for future perioth Tha p18ns lor 202412025 are ￿allY ab￿1 inc¥èased effKienGM. operat￿9 inco￿* and consolidation. As communities are back to normal bre. Sl Luke's will graduaty rebuld ￿nfi¢*n￿ in Ihe ￿re home sethr. Sl. Luke's unique mix of long term caie. p05t operative rehabilitats"on. respile and pallrative car8 akjng with its reputslion should help it survrve and thrive. In this year a strategy committee was set up to to sttty and analy the five•year strategic plan drafted by the CEO and has several meetings. The CwrKil ￿111 review Ihe recommendations fr(¥m the committee and produce a five-year plan th8 forthCOrr￿ng finarKial year. ST. LUKES OXFORD IA Comp￿ linmted by g{want￿) MEMBERS OF THE COUNCIL% REPORT (coMfiNUEDI FOR ThE YEAR ENDED 31 MARCH 2024 Plans for future perSods {conthiu•d) Stal•ment of M•mb•r6 of th• Ctyjncws Mpons#)i1111o1 The Mgmbers of Ihg CoLmol {vtho afe also the dtrgctors of the Chaiity for lh& P￿[￿SeS of company lawl are responsible for preparing the Members of Ihe Cowor$ fetKYi arvj the ffinan(ial statements in ac￿rdanCe wth applicable law Unile(J lfjngdThm AccfAmtirbJ Stamjards (Uniled ￿l￿￿orn Generally Accepted Aco)unling Practice). Company law requires the Members of the Cwncl to kyeP8￿ ststements for each financial yew. UrKler company law. Ihe Memters of the Cound musl rwx approve the financial smements unle$$ they are satisfied that they give a true and fair View of th8 State ol affairs of Ihe Charity and of its incoming reSour￿S ond applicati¢Jn of rgsources. including its inccYr* aThJ gxpenditure. Ihal per￿)d. In prep￿n9 thesg financial statements. the M8mbws of the Councl arè r8qu*8d lo". select suitable acC￿ntin9 p)1￿3 aTrJ then Ihem cfjn%stenlly'. observe the metFK4ts and princi￿5 of Ch8ribes SORP IFRS 102): make judgements and e￿Int￿l9 eslimates that are reas￿able and prudent state whether ap￿tsb1¢ UK Accountiry Standaryl$ IFRS 102} have been fdlow•J. subject lo any material departures dis¢lowS and explained in Ihe financial siaterrenls: prepare the financial slaternents on the WTWJ concem basis unless it is inappropriale to presume that the Charfty VAI contime In buswiess. The Membets of tl)e CtyJnc41 are re$r*)n5￿ for keepirKJ adequate aeo)untirrfJ records that 8re sufficient to show and explain the Chariws transacb)ns and disdose wlh reasonable accuracy al any lime the financial i1N)n of the Charity and enable them to ensLKe that the financial statements comply ￿ the Comparmes Act 2006. They are also re4)onsible for safeguarding the assets ol Ihe Charity and henee for taking reasonat4e steps for the FYevention and detection of fraud other irrewkrities. Dis¢lo$urn of inforn)ation to auditor Each of the persons who are Membets of the CLwncil al the tin8 Mthen this Membets of ts Council's report IS approved has confimwj that.. so far as that Memb8r of is aware. thwg is no rglgvant audit intomialw)n of which the ¢harity$ auditor is unaware. and that Member of Ci)un(il ha5 taken al the steps that ¢Jught to ha￿ been taken as a Member of the Councll In order lo be aw8re of any rele¥aTht audit Inf￿th to estsblish Ihat the ctsiiws audllor Is aware of thal inf0m18t￿. Audltor The wjitor, James Cowr l INDEPENDENT AUDITOR'S REPORT TO ThE MEMBERS OF ST. LUKE'S OXFORD (CONTINUED) Auditorfs r•sporbsibiliti•s for th• audlt of the Ilnan¢lal statsments Our objectives are to obtain reawable asswanc* ab(Art whetr*r the financial statements 8s a whole are free from material misslat8ment. vthether du8 lo fraud or eryw. and to issue an Auditorfs rewrt that Includes ¢￿r opinion. Reawnable assurance is a high levd of assurance. bul is not a gu8ranlee that an audit conducted in accordance with ISAS IUKI will a￿ayS detecl a materi81 misst8lement when it exlsts. MisState￿nIg can wise from fraud or error and are considered material tl. irK1i4rfdually ￿ in the aggwate. they coukj reasonably be expected to influgn¢e Ihg gconcthlc of users ¢ak8n on the basis olthese financial statemerts. IrTègularities. Ind￿li1vj fraud. we of nortr¢(Mn￿'ance ¥￿th la￿ aThl regulatlons. We de8iyn procedures in line with our we¥￿nSIbl1ti?s. outline(l aiM)v8, lo detect malBri81 misState￿￿nls in respect of irregularities. indudiro fraud. The exlénl lo which ow pr￿lu[e$ are capat4e of detecting iffegularilies. including fraud is deta1& belw. Enquiry of manag6menl. tFThe charged wih govemm (ty in-h)use legal leaml around act￿1 a￿1 potential litigation and daim5'. Enquiry of ertlity staff to idenlrfy any Kthnces of ncrfFcomFl￿nce *ryth laws arKI regulations., Reviewing minutes of ￿￿etir￿S of th058 tharyed wilh g)vernance,' Reviewing financial statemenl disclosures testirrfj to supF(xt'rwJ documentatlon to assess ccthplian¢e th appIl￿ble laws and regulat￿￿. Performing audil work over the Tisk of manapment oveffide of contrds. induding lesbng of joumal enthes and other adluslments for appropriateness. evaluating the bjsiness rationale of significant Iransadions outside the N)m)al ¢OLKse of business rev*ww account￿g ests"mates for bias. Because of the inherent Iwnitalions of an wdit. there is a risk that we will not detect all irregularitias. indudir those leadiTrJ lo a materi81 misstalemenl in the finanaal staiements or r￿KomplIance with regulation. This risk increases the more that complian￿ with a law or regUla￿n is removed frorn the events and Iransaclions rellected ￿ the finanryal statements. as we *ill be less Ikkely to become aware of ￿SlanceS of non-compliance. The risk is also greater regarding irregularities occuTrirMJ due to fraud rather Ihan error. as fraud involves intenkn'onal cuKealment. forgery. c(AIusion. omis￿n or rrisr8w8S8ntation. A further description of our respcfflsibilities fgnition. undar th8 Cost model. 18ngilJe T￿8￿ 8ssets are measured al cost less a(£umulaled depwlakn￿ aThY any aCcum￿ated impairment losses. All costs in￿rred lo bring a langil)le ftxed asset into its intended working condilion should be induded in Ihe mea511rem8nt of Oepreciation L8 charged so as to alkncate ￿st of I￿￿￿11e fixed assets less th8Sr residual value ovw Ihew esti￿ted usefirf lives, u*rNJ tt* $ts8hJhHine mellKxl. Freelxgd18nd is not depreciated. Oeprecialion is pyovided on the kIk)￿9 bases: FreeFKJld property M8chanical and el￿trIcal equpment Ijedical equI￿ent X-ray equipment Fixiures arKI fiitings Computer equipmenl Leased assels . over SO . over 2 to 3 - over 3 to 4 sears -oversto10￿8 - over 2 Jtars - urfer 2 years - over the lease tem Wlwe exKsting assets such as fumilure a￿1 IT equwenl have to be replaced due lo normal knar and lea¢ the e￿￿KIllUre 1$ takgn directly to repair costs. 1.6 Stock st¢￿ Is valued at the k)w of cost and r*t redisabte valu 1.7 Debto Trade and other debtors are reccrfJni5ed al fv sotuemenl amount after any Irade discount offered. PrepayTnents are valued at the amwnt nèl ol any tra18 disrAxmts due. 1.8 Cash at ￿Trk and In hand Cash * bank and in hand indudes and short-lem hyhly liquhl investments wth a short maiurity of three months or ￿$ from the date of aC4UL￿t￿)n or opening of the deposit or simllar Page 18 ST. LUKES OXFORD IA Company Iwnited by guarantso} NOTES TO THE FINAIICIAL STATEhlENTS FOR THE YEAR ENDEO 31 AIARCH 2024 A¢¢ounllng pollcles (Cont6n￿d) 1.9 Llabllltles LiaL*liiies are I￿OgnISed thwe 15 an o￿VAatiOn al the Balance sheet date as a re5uII of a past evenL It is prOba￿e Ihal 8 transfer of ecornnmc benefit wll ￿ W￿￿ed ui settlement. and the amounl of the setuement can be eslwNled reliabty. LlaLll6lles are recognised at the amtyjnt that the Chaiity ant￿pateS it will pay lo seWe the debl or the amounl it has received a5 adva￿ed payThents for the or services il must provhde. 1.10 Financial instruments The Charity ordy has finanaal assets arKI kn￿la1 liabi&lies ol a kirKI Ihot walty as basic financial instrument3. Basic ffinanaa instruments are initially reccwised at transaction valua subsequenlly measured al their setuement value Wbth the eX￿p10n ol bank loans which are Subsequenlly measured at amwiised ¢osl usiry the effe¢tivo in19r8st melhod. 1.11 Pens5ons The Charity operales a defined ¢￿trIl￿tion rKnsion scheme and the pension charge represents the amounts payatAe by the Charity to the fuThJ in resrect of Ihe year. 1.12 Fund accountlng General fijnds are ￿n￿$tr￿ted furK1s whith a￿ available for use al the dlscretlon of the Members of the Coundl in furtherance of the ggnpral obiecttves of thp Chaiily a￿1 which have not bepn d8signatéd for other Restricted furbjs are furKls whK* are lo be used in acLzrdance ￿th specifK restrict￿n5 imposed by donors or which have been raised by the Charity for particdar purposes. The costs of raising aThJ administering suth lund5 we charged against the specific fund. The aim arKI use of each restrKled JrKI is sel out in the ncles to the financ4al statements. Crltlcal accountlng •stImat￿ and areas of Judgomwrt Estimates and judgemenls are continuJty evalual•J and are based on hist￿l¢al experience and other fact(ws. induding expeclatK)ns of future evenls that are beI￿ve0 lo be reasonable under the circumstances. Critical acccmjnting estynates and assumptions.. The Charity makes 8stimates and assurrfjims o)nceming th& tutur8. The r8sultin9 ￿CountIng eslim8t&S and asSuMpt￿n$ will. by (Jefinilion. seld(Mm equal the related aclual rgsulls. The gslimates arKI assumptions that have a significanl r￿k c4 caus*wJ a material adjuslmenl to the carying amounts of assets and liabilities wthwi the next fin8naal ￿ar are dtscJJssed i*low. Tangiblè fix￿ xsets Tangible rued assets are depreciated over I￿r useful lives taknng into account r8sidual valued. where appropriate. The actual lives of Ihe assets and resKlual values are assessed annually and may vary depending on a number of factors. R￿dUal asSesSft￿nls consider issues such as the r8maining life of th8 asses and projected disp)sal ¥alues. Prye 19 ST. LUKES OXFORD (A ¢ompany Ilmlted by guaranlw) MOTES TO THE FINANCIAL STATElffEMTS FOR THE YEAR ENDED 31 MARCH 2024 Other Incomlng resources Total funds 2024 Total furKIs 2023 funds 2024 funds 2024 Other incom• Infecbon control grant Fund staff 12.6(M) 12,eOO 711 3.625 12.6(M) 12,600 13.569 Totsl 2023 9.233 4.336 13.569 Anatysls of expendllurè on charltth actmlles Summary by lund typo Unmtr•cted Restricted funds funds 2024 Total 2024 Total 2023 Patient Services and facility costs Managing aNI administration CAJSts [IndLKling govemance) 3.873.P 23.683 3.897,483 3.609.036 682,953 673.286 4.556.753 23.683 4,580N36 4,282.322 Total 2023 4277.258 4.282.322 Page 20 ST. LUKE3 OXFORD {A Gtynpjny Ilml¢¢d by gqmrdntse) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR EMDED 31 PIARCH 2024 Analy8ls of •xpendltur• on chadt•blt a￿1¥111•9 (contlnued) Summary by expendlture typ• Total 2024 Total 2023 2024 2024 2024 Patlent serylces and f*aiity costs ManagirthJ and administraiK)n sts IlndvdlrKJ govem*)¢el 2.746.605 178.975 s71.￿3 3,897.483 3.609.036 347.922 335.031 682,953 673.286 3.094.527 178.975 1.306,934 4.580,436 4,2V2,322 Total 2023 2,864,209 167.668 1,250,445 4.282,322 Patient servlce¥ and lacllity co$ts 2024 2023 Nursing seNi¢es Medical supplies Non dinicAI s8rwes I￿udI￿ c8tw"rKJ 8nd doff*si¢ Premises FA8nl Coffee shop Oeprecaation 2.434,647 53.747 833.093 376.621 2279.918 12,057 767.540 385,051 64.316 167.668 178.975 3.897.483 3.676,550 Managlng and admlnlstratlon ￿sts (Includlng governance) 2024 2023 Salaiies 347.922 1,489 191,858 40,709 80,815 20.160 321.835 2.326 131.058 43.082 79,637 27.834 Final￿2 costs- other Interest pa￿e Insurance Office and administration costs Govemance 682,953 605,772 Page 21 ST. LUI(VS OXFORD IA company limited by guarankn NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Audknrfs r•mun•ratlon The audit￿$ remuneratN)n an￿UnIS lo an auditw fee of £14.136 f2023- £16.128), and preparatlon of the nanoal statements 01 £3.53412023- £4.032). Stari Costs 2024 2023 Wages and saari8S Soual seojrity CAJsts PensK)n costs 2.7n.125 263.428 57.974 2,5S3,186 247.228 63.795 3.094.527 2.864.209 The averago number of persons 8mploJ*d ty the Charity thjring th& ￿ar was as tdlows: 2024 No. 2023 No. Patient seThices and f*ih'ty costs Managing arKi adminIstrat￿ lindthying g0veman￿) 87 83 89 The number of eM￿yEeS WIKW empbjye b8n8ffts lexthding 8mk4oy8r p8ns#)n CA)sts) exceeded £60,￿0 was.. 2024 No. 2023 No. In the band £80.Crf)0- £90.(IxI In the band £110,000- £120,Crf)O In the band £120,000- £130,CQO The key management ￿r$￿ne1 of the d￿rity ¢x)mwse the Members of the Councl. the Chief Execulive Officer, Finance Manager, Matron arKI Faulthes Manager. Tho total employee benefits of the Key Management Personnd of the charitywere £303,015 {2023: £256,223). •mb•rs of th• Counc5fs r•munerallon and •xp•ns•s During Ihg ye¥. m￿be1$ of lh8 CwrKI received any remuneration or other beneffts12023- £NIL). During Ihe yearended 31 March 2024. no Member oflhe expenses have been incurred12023- £ Nil)- Page 22 ST. LUKES OXFORD (A company limlt•d by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 10. Taxatlon The company is considered tr) pass Ihe tests sel out in Sth.6. para.1 of the Finance Act 2010 and therefore it m9ets the defir¥ti￿ of a Charilablg ￿MpanY for UK cor[¥)rati￿ tax purposes. Accnrdingly. the company is Ffjlenl44y gxgmN fr(Mn iaxaiw in re¥J8Ct of incom8 or capital gains received within categories covered by Pi.11. Ch.3 of th& Tax Act 2010 or $.256 of the Taxation of Chargeable Gains Ac* 1992, tr) lh8 exl8nt that incom• or gairts af8 appli8d exdusively to tharitable puwses. 11. Tan9ible fixed a$s•ts Frnehold Other Ilxed prop•rty assots Total Cost or valuatlon At 1 April 2023 Addilicms Diswsals 8,643,696 171,01)0 954399 80,121 1516,461) 9,597,995 251,121 {516.461) At 31 Marth 2024 8.814,696 517.959 9.332.655 Depreciation At 1 April 2023 Charge for the year On disposas 1,435,140 157.809 845,746 21,166 (516,4621 2,280.886 178,975 1516,462) At 31 Marth 2024 1.592.949 350,450 1,943,399 N•t b¢)ok valu• At 31 March 2024 7.221.747 167.509 7.389,256 Ai 31 March 2023 7.208,556 108,$53 7.317,109 The charity has freePth)Id land of £1,Cw.o￿ (2023: £1,IXKI,0(￿). 12. Sto¢ks 2024 2023 Food and [Kovisi￿lS Domes￿¢ itèms 7,000 4,600 7.000 11,600 11.6LYJ P￿23 8T. LUKE'S OXFORD IA ¢ompany Ilrrwted by guaranloe) NOTES TO THE FINANCIAL STATEMEI4TS FOR THE YEAR EMDED 31 MARCH 2024 13. D•btorn 2024 2023 Trade tl¢blors Other debtors Prepayments a￿1 a(￿lad incTh 172.771 15.707 1.981 103.646 6,210 1,7 190.459 111.646 14 Cufren¢ asset Investments 2024 2023 Unlisled Invesknents (li￿*d 770.753 Page 24 ST. LUKES OXFORD (A company limit￿ by guarantee) NOTES TO THE ANANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 15. Cr•dhors: Amounts falling du• Tmlthln ong year 2024 2023 Bank loan5 Trade credito Other taxation and s¢xial SgCUTity Other crBditors Accruals an¢J deferred incomè 147,520 124483 55.169 47,046 373.387 159.450 70.358 49,357 63.643 333,989 T47.605 676.797 2024 Dekned income at 1 Awil 2023 Resources deferred durlng the ￿ar Amounts Teleas&J from prev*)U5 WKXIS 148,639 141,975 (148,6391 141,975 Deferred income relate5 to pat￿nI fees paid in advance. 16. Credltors: Amounts falling due after m¢)re ofi• year 2024 2023 Bank loans 2.262.478 2.599.322 The bank loan is seCu￿d against th& piop•ty814 Latimer Road. Hèadington. OX3 7PF. Page 25 ST. LUKES OXFORD IA company lknlted by guar￿) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 17. Statemont of funds stat￿nent of funds. ¢urrèn¢ year Balance al 31 March 2024 at 1 il 2023 Transfern Inlout Unrèstrlcted lunds Genefal funds 5209.591 4.767.868 (4,556,753) 228.384 S649,090 Restrict￿ fund$ Infection conlrd ￿an¢ Development fund Staff salary and apprenticeship lund Stsff relenlion Care chalf 711 17111 P.3811 (225.0951 110.969 125.090 1625 11.050 5.916 114.6751 (5.9161 13.2891 115,305 145.556 (23.683) (228.3841 .794 Total of lunds 5.324,896 4,913,424 {4,$80.436) 5,657,884 InfKtk>n ¢ontrol grnnt This fund was ProV￿ad by the govemment. Department of Hea￿h arKI &Jcaal Care {DHSCI and was granle(l ¢0 St Luke's through Oxfordshye Cwnty COLff￿r1. The purpose of fund is ￿ contribute towards costs incurred by social homes for Cov￿*19 infedion preventh)n. infection cA)nlToI and lesling slaff and Visit￿5. TIMS chaiity dbj not receive anyfundiThJ (2023.. £711). Dovelopmont lund This is a projecl sel up bythe charrty to ￿lUtsh 20 rooms and ￿￿ee essential fumtiure. This year the committee r8i5ed £125.0￿ {2023.. £59.8941 arKJ there is a balance of £8.578 81 the ￿ar end. The Iransfer cmjt relates to the cayla 8xp&vJiiure duriNJ the ￿. Staff sal•ry and developmènt fund This fun¢J indLbdes Iwo edu¢atKJn81 and staff rel8ted fuThJiNJ received frrAn organisations. 111 As a ￿trIbut￿1n iowards the Ckcupartha Therapist, The Tolkein Trust has glven us a grant for £11.000 for one y8ar starting from January 2024 to Oecgrtlgr 2025. 121 The NHS Educalion Oepartmenl in swwl of ofthe nurses *trJ is an apFfenliceship to become 8 registered nurse. Page 26 ST. LUKE7 OXFORD IA company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 17. Stst¢m¢nt of funds (conlInU￿} Statement of funds- prloryear Restat&J baIttn￿ al 1 20Z2 Balance al 31 March 2023 Income Expenditure Unrestricted funds General fund5 4.926.951 4￿59.898 14.277.258) S,209.591 Re$lrf¢ted funds Infection control granl Development furNJ Staff salary and apwenticeship fur¥J 711 711 110.969 3,625 56.139 59.894 3,625 (5.0641 56.139 64.230 15,0641 115,305 Total of funds 4,983,0 4,624,128 14,282,322) 5.324.896 18. Summary of funds Summary of fund$- cwrent y￿r Balance at 31 March 2024 8alan¢e at 1 April 2023 Tians1?rs inlout In¢om¢ Expenditurn General funds 5.209.591 115,305 4.767.868 14.556.753) 228.384 145.S56 {23,6831 {228.384) 5.649.090 8.794 Restricaed funds 5.324.896 4913.424 14.580,436) 5.657.884 Page 27 ST. LUKES OXFC>RD (A wnp•ny IID*d by guar•ntee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 1& summary ol Iwbds {conti1M￿dI Summary of funds - prfor ywr As restated bala￿ al 1 Awil 2022 BalarKe al 31 Marth 2023 Inc(xn8 Exp8ndilure Gen8fdl funds Restricted fvnds 4.926.951 56.139 4.559.898 64.230 14,2772581 15.0641 5,209.591 115.305 4.983,090 4.624.128 14.282.322) 5,324.896 19. Analysls of n•t ass•ts b•lw••n fvnds Analy$ls of net ass•ts ljelwoen funds. current period Unre3tr5cted Restrlcted funds funds 2024 2024 Total funds 2024 TaThJible fixed assels Current assels CrgJitoTS thje Jraf CrgJitOTS due in rr￿e t￿ one ￿ar 7.389.256 1.269.917 (747.6051 12262.478) 7.389.256 1.278.711 {747.605) (1262.478) 8.794 Tot•1 5.649.090 8.794 4657.884 Anal￿15 of ngt assets between funds- prlor period Unrestsicted Restricted lunds 2023 Total funds 2023 2023 Tangible fixed assets Ojrrenl assets 7.317.109 1.168.601 (676,797) {2.599.322) 7.317.109 1,283.906 1676,7971 (2.599,3221 115,305 Cr8dilors due within one yEar Cr8dilors due iri rmr• than one > Total 5,209,591 115,305 5,324,896 Page 28 ST. LUKE'S OXFORD (A company limited by guarant￿) MOTES TO THE RNANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 20. R•conclllatlon of n•t mov•ment in funds to not ¢•sh Ilow from 0￿ratIng •ctlvltles 2024 2023 Net iicomp fDr the (as per Staterne￿ of Finan(xal Ath¥itie51 332.988 341,806 Adjustments for: Depreclatlon charges Investment incomè Interest paid Decreas8llYKrease) in d8btcffs Increase in cr8dilors 178,975 (23,9931 191,858 (78.8131 70,808 167.666 15931 131,058 97,524 69.883 M•t cash pro¥ld•d by oporntlng •¢tlvll 671,823 807,344 21. ADalysi5 of cash and cash equivalents 2024 2023 Cash in hand 305.899 1.160.660 Total cash and ca#h •qulvalents 305.899 1,160,660 22. Analysls of chanws In net debt Al 1 Aprll 2023 Cash flows At 31 March 2024 Cash at bank and in hand Oebl due Mthin 1 ye Debt due after 1 Liquid inv8StmenL8 1.160.660 1159,4501 (2.599.322) (854.761) 305.899 11.930 (147.5201 336.844 12,262.4781 770,753 770,753 (1.598,1121 264.766 11,333.3461 Page 29 ST. LUKES OXFORD IA¢ompany Ilftthd by guarnnl••l NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 23. M•mb•fs' Ilablllty Eath member of the ¢h8rit*le ccryny undertakes to contribLrte to the assets of the company In the event of It being V+t*und up whle Wshe is a member, cy vrithwi one year after helshe Ceases to be 8 Merni￿r. wjch amount a5 may be required. Thjt ex(xediry £1 for the debts arKI liabllides contracted before hdsho ¢8ases lo te a memtw. 24. Relatsd party transactions One trustee had sa￿$ 01 £9￿ (2023: £840) with a debtor b￿8ftee of £60 {2023.. £28} relating to rent and servKes. Th8fe was on8 member of key mana98mwbl had sor¥1￿ v•lh related parties al a reduced monthly rale of £150. Page 30