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Registered number: 01989868
Charity number: 293522
ST. LUKE'S OXFORD
(A company limited by guarantee)
MEMBERS OF THE COUNCIL'S REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

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ST. LUKE'S OXFORD
IA company limited by guarantee)
CONTENTS
Page
Reference and administrative details of the Charity. its Members of the Council and
advisers
Chairman's statement
Message from Chlef Exe¢utlve
Members of the Council's report
5-10
Independent auditor's report on the financial statements
ststement of financial activities
14
Balance sheet
15
statement of cash flows
16
Notes to the flnanclal statements
17-30

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ST. LUKE'S OXFORD
IA company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS MEMBERS OF THE COUNCIL AND
ADVISERS
FOR THE YEAR ENDED 31 MARCH 2025
Members of the Council Mr L A Ponsonby. Chairman
Mr G P Candy"
Lady J Norman,
Dr H Van Oss {resigned 18 December 20241
Mr P D Burge
Ms T Welford (resigned 26 March 20251
Mr M J Wilkinson. (resigned 18 December 20241
Mr S W Polilo. {appointed 27 March 20241
Ms T L McGrigor' lappointed 2 October 20241
Mr N K Ritchie. Treasurer lappoinled 27 March 20241
Dr J M Hughes lappoinled 26 September 20251
Ms F L Barnes lappoinled 26 September 20251
member ofthe Finance Committee
Company registered
number
01989868
Charity registered
number
293522
Registered office
4 Lalimer Road
Headington
Oxford
OX3 7PF
Non - executive officers Sir Timothy Stevenson, OBE, President
Earl of Donoughmore, Vice President
Mrs S B S Homersham, Vice President
Key management
personnel
Mr R L Burden, Chief Executive Officer
Mrs V Waine, Matron
Mr A Mebrahtu, Finance Manager and Company Secretary
Mr J Peake, Facilities Manager
Independent auditor
James Cowper Kreston Audit
Chartered Accountants and Slatulory Auditor
The While Building
4 Cumberland Place
Southampton
S0152NP
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ST. LUKE'S OXFORD
IA company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS MEMBERS OF THE COUNCIL AND
ADVISERS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Bankers
Lloyds Bank PIC
POBox8
1-5 High Street
Oxford
OX14AA
HSBC Bank PIC
2nd Floor
Seacourt
West Way
Botley
Oxford
OX2 OPL
Handelsbanken
Latimer House
Langford Business Park
Kidlington
Oxfordshire
OX5 1GG
Solicitors
Blake Morgan
Seacourt Tower
West Way
Oxford
OX2 OFB
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ST. LUKE'S OXFORD
IA company limited by guarantee)
FOREWORD FROM CHAIRMAN
FOR THE YEAR ENDED 31 MARCH 2025
The chairman presents his statement for the year.
The beginning of the accounting year coincided with the news that our 10 bed rehabilitation contract with the ICB,
that had served both them and Sl Luke's so effectively over the previous four years, was going lo be terminated
at the end of May 2024, due to circumstances outside our control. This prompted a drop in occupancy over the
summer months which recovered in September, with a higher proportion, subsequently, of long term self-funded
and continuing care residents, bul still nonetheless experiencing a strong flow of short term respite and
rehabilitstion patients. We have continued to explore alternative contract options with the NHS and ICB for state-
funded placements, particularly where we are able to deploy our physiotherapy skills, to benefit the swift recovery
of patients.
Following the loss of the contract, the wide range of high quality nursing care services that we offer, has provided
us with much needed flexibility to maintain occupancy al an average of 83/0 over the year, against an
increasingly challenging inflationary and economic backdrop, in the face of strong govemmenl financial
pressures. In July 2024, we completed a 20 bed refurbishment programme, which was almost entirely fully
funded through a successful campaign. A recent fundraising walk has also covered the cost of the refU￿iShment
of the gym, with a Thera trainer and treadmill now ordered, as well as making a significant contribution towards a
rehabilitation kitchen.
After a difficult start to the year, our financial position improved in line with occupancy, leading to another modest
surplus, after taking into account loan interest repayments. Al a 5 year break, we renegotiated the terms of our
borrowings, with a different bank, at a fixed rate, for the majority of the loan, reducing our repayments and also
our exposure to the uncertain direction of interest rates in this climate. We relain our Good CQC rating. Three
trustees have retired after many years of valuable service and have been repla￿d by Iwo new members of the
Council in the current year, and one being appointed in 2025126. As ever l am indebted to the immense
Contribution of fellow trustees, and of course, to the dedication and commitment of the St Luke's staff and
management team.
ePcfigJrty12thYJ2b1￿.144￿￿iurC 411
Luke Ponsonby
Chairman
Dale..
13 O¢lober 2025
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ST. LUKE'S OXFORD
IA company limited by guarantee)
MESSAGE FROM CHIEF EXECUTIVE
FOR THE YEAR ENDED 31 MARCH 2025
This has been a year of consolidation. 11 was disappointing to lose our 10 bed contract with the CCG due lo a
number of headwinds- overspending their budget, the move towards discharge from hospital to home to assess
and the end of the CCG and the formation of the ICB with the subsequent lack of awareness of the benefits of
our contract. Despite these headwinds along with the opening of a number of new care homes in the county and
Countywide occupancy falling to 78°/o. we have been able to rebuild our occupancy to an overall average for the
year of 86'/0.
Oxfordshire County Council are pleased with the results of discharge to assess and have considerably reduce
the number of beds they are purchasing in the independent sector which has undoubtedly contributed to the low
occupancy figures. They have offered us the opportunity lo lender for a small number of rehabilitation beds, but
we declined the opportunity as they would not have used our rehabilitation team.
We are well staffed with a full team. Turnover rates are 10 /0 which is much better than the national average at
28'/0. We do have a problem with our sickness rates which has impacted on our costs as well as putting
pressure on other staff. As a result we have introduced an attendance bonus for 2025126.
Five years on from the start of our 15 year loan repayment for the 2017-2019 building project, we have been able
to successfully pay down a third of the borrowings and negotiate more favourable terms for the next 10 years
which has reduced our outgoings.
The resilience of St. Luke's has been demonstrated by survival through the pandemic, the building works, high
interest rates, the loss of a contract and surging inflation. There is every reason lo believe that it will continue lo
thrive whatever happens with the stsle funded placements, although as a charity we clearly wish lo continue lo
support the NHS and social services. Our mix of excellent rehabilitstion Servi￿$, high quality nursing care for
respite, palliative care and long term care for adults and older persons give us the flexibility to adapt to market
changes and our continuous programme of improving our facilities keeps us competitive with the market pla￿.
We have various projects planned for 2025126 including the refurbishment and re-equipping of the Physiotherapy
Gym, the first floor kitchen, an assisted bathroom and the library and are busy fundraising.
Once again, I would like to thank our ex￿lIent ane supportive trustees and our superb and dedicated wort(fOr￿.
Richard Burden
Chief Executive Officer
14 October 2025
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ST. LUKE'S OXFORD
IA company limited by guarantee)
MEMBERS OF THE COUNCIL'S REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The Members of the Council present their annual report together with the audited financial statements of the
Company for the year 1 April 2024 to 31 March 2025. The Annual report serves the purposes of both a Members
of the Council's report and a directors, report under company law. The Members of the Council confirm that the
Annual report and financial slalements of the charitable company comply with the current statutory requirements,
the requirements of the charitable company's governing document and the provisions of the Stslement of
Recommended Practice ISORPI applicable to charities preparing their accounts in accordan￿ with the Financial
Reporting Standard applicable in the UK and Republic Ireland IFRS1021 (effective 1 January 2019).
The Charity also trades under the name St Luke's Hospital.
Objectives and activitie$
Strategies for achieving objectlVOS
The objects for which the charity is established are the relief and care of the elderfy, sick, disabled and poor from
all faiths and those of none, including, to the extent that it is relevant and practical lo do so, in a manner and
atmosphere appropriate to such faith.
In pursuit of the above objects, the charity shall=
(al
assist in the treatment and care of persons suffering from physical illness of any description or in need of
rehabilitation as a result of such illness, by the provision of long-term nursing care, palliative care,respite
care and post-operative rehabilitation for sick, disabled and elderly persons-
{bl
endeavour to promote the dignity and quality of life due every individual, seeing each as a whole person,
and aiming to give all those suffering from pain and disability the opportunity for growth in happiness and
spiritual development., and
{cl
offer spiritual support for patients to the exlenl that patients wish to seek such consultation, through the
provision of visits from such people of faith as are appropriate, which may include serVI￿S in the hospital
Chapel.
In furtherance of its objectives the Charity operates a 63 bed hospital in Headinglon, Oxford which provides care
for both long slay and short stay patients. The success of the charity is measured by the number of satisfied
patients and from the feedback gained from current and past patients. In the year ended 31 March 2025, 89,/0 of
patients rated St Luke's as at least 'Good' with 50 /0 al 'Outstanding'. 95 /0 of the respondents would recommend
to friends and family and 9110 scored Physiotherpay Servi￿ at Outstanding.
The financial results are laid out on page 14.
Public benefit
The Council considers that it has complied with Section 17151 of The Charities Act 2011 to have due regard lo
the public benefit guidance published by the Charity Commission.
During this financial year the Trustees have Carried out a review in order to ensure that Sl Luke's is meeting its
obligations as a registered charity to deliver a public benefit. We are clear that we do carry out a service which
clearly offers a significant public benefit both lo those who come lo us as patients and also to the wider local
community in which Sl Luke's is situated.
Our purpose as a trading charity is to generate income so that we can reinvest back into better relief and care for
the elderfy, sick, disabled and poor.
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ST. LUKE'S OXFORD
IA company limited by guarantee)
MEMBERS OF THE COUNCIL'S REPORT {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Objectives and activities {continuedl
St Luke's is unique in ils ability to offer a complete package of care for both short and long stay patients. We are
well staffed with nurses and with 8 high proportion of qualified nurses enabling us lo provide the very best of
care. They are backed up by teams of physiolheffipists, occupational Iherapisls and recreational therapists. This
means patients are kept as active as possible and those retuming home are as well prepared as is possible. All
applications from adults, who meet the hospital's admission criteria for health. are considered and equal merit is
given lo all such applicants. For those who are unable lo meet the hospital's residential charges, they are able lo
apply to the local authority for assistsnce and our team provides support on this regard.
We work closely with the NHS. We take patients from the NHS, who either have particularty high levels of
nursing needs, or require intensive physiolheffipy, in order lo return home, although currently, with the ending of
the 10 bed conlr8cI, the laller is much less frequent. We currenfly offer 5 10 10 fast lffick and continuing care
beds and lo help relieve NHS from bed blocking. The aim of this is to ensure that we rehabilitate patients.
reducing the lime spent in acute hospitals and helping to make sure public funds are used in the most efficient
way.
Following the development, we have a range of excellent facilities and we seek to make sure that these are
widely available within the local community,. we provide education and training rooms which are let out-
consulting rooms are occupied by a range of high qu81ity health professionals including Radiologist offering X-
Ray, CT scans and ultrasound scans and treatment, chiropractors, a skin clinic, a well women's clinic, a
podialrisl and an ortholisl. Our Coffeè shop and gardens are also open to the public.
We have a number of events for the local community. Such as a Big Lunch, Help with Fundraising Activities, a
Christmas Lunch for the residents of Mcmaster House, and the chapel is used by Church of England.
Evangelical, and Roman Catholic congregations. We are also looking at skills training which could be available
lo the community.
For many years the Sl Luke's Housing Society Ltd, an independent and dislincl charity, has occupied Mcmaster
House, which is part of our premises, on a peppercorn rent. They offer sheltered housing with on-site
management and maintenance services as well as 24 hour emergency alam) cover.
As we write this report. the Sl Luke's Team are working incredibly hard to support and protect our patients and
provide quality and friendly care services. One way in which the charity is able to support the wider community, is
lo offer a bed lo a patient who can no longer remain al home., either because their usual care package is no
longer available, or their family carer is unwell. We now have the capacity to support more patients than-ever
before, and we are keen to play our part in helping to support the most vulnerable patients in the county who
could benefit from our expertise and resources.
Achievements and performance
Fundraising activities and income generation
St Luke's has continued lo engage a professional fundraiser lo manage and support a fundraising campaign lo
help raisè finance for the refurbishment of rooms and replacing old beds. The fundraiser is member of the
Institute of Fundraising.
The fundraiser reports to the fundraising committee which meet monthly to review the results of fundraising
campaign.
The duties of the fundraising committee include ensuring that the fundraiser acts in accordance with the
professional standards of the Institute of Fundraising and the committee has the power to investigate into any
breach of those standards.
The fundraising campaign has been succesful in raising £63,760 this year {2024.. £145,566). This was achieved
through making applications to grant making Irusls, individual gifts from supporters and organising events such
as Walking.
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ST. LUKE'S OXFORD
IA company limited by guarantee)
MEMBERS OF THE COUNCIL'S REPORT {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Achievements and performance {¢ontinuedl
We give special thanks to all our donors who support Sl Luke's through their amazing generosity. The donations
and grants we receive help us to make significant improvements lo our facilities and lo the seNices we offer lo
the community.
No breaches in st8nd8rds were detected and no complaints in relation to fundraising activities were received in
the year ended 31 March 2025.
To protect vulnerable people and the wider public from certain behaviour during lor in connection lo} fundraising
aclivilies, and ensure that Sl Luke's holds and abides by ils own donor privacy policy.
Financial review
The year continued lo be a challenging one for St. Luke's, both financially and operationally. However. with an
overall occupancy rate of 830/0, the charity retumed a surplus on Unrestricted Funds of £204K (2023124.. £209K},
a result for which the Management and staff need lo be congralul8ted. This occupancy was achieved despite
two rooms being constantly out of service for refurbishment throughout the year. A tight control was kept on key
costs and Covid-19 infections. Our agreement with ICB Ilntegraled Commissioning Board), and Oxford
University Hospitals IOUH) NHS Trust to guar8ntee provision of 10 beds, approximately 160/0 of our available
occupancy continued throughout the year. This contract continued into the first two months of the new year but
was terminated at the end of May 2024.
Overall. the Council's objectives for the year were to return an operating surplus, build reserves, and raise funds
for the refurbishment of rooms on the ground and first floors. These objectives were largely achieved with cash
resources of £953K lincluding money market depositsl12023124= £1,077KI at year end. At year end we had also
raised a total of £64K in Reslricled Funds since 2023-24.
Fixed assets
The freehold land and buildings are now valued on a historical cost convention. The Council have concluded that
this valuation policy is appropriate for the charity for the foreseeable future.
Reserves polity
Council's policy is lo rebuild reserves lo provide for the long-lerm future of the Hospital. In order to achieve this
objective, we feel that a cash reserves level equivalent lo six months operating costs is appropriate. However, it
is recognised that this will take several years lo achieve as the rèpayment of the £2.2M refinancing loan from
Handelsbanken will lake a significant proportion of our free cash generation. Current cash resources as of 31
March 2024 stand at approximately three months opeffiting costs.
We also have a facility to borrow up to £3 million, should we require it.
Principal risks and uncertainties
Risk Statement
As mentioned earlier in this report Sl. Luke's continues lo face a number of challenges. However, the Council
and Management have made considerable progress lo miligale these risks wherever possible.
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ST. LUKE'S OXFORD
IA company limited by guarantee)
MEMBERS OF THE COUNCIL'S REPORT {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
In addition lo the above our position has been strengthened considerably due lo the following factors..
We have refinanced the HSBC Loan, with a new loan with Handelsbanken, reducing the cost of the variable
debt portion of the loan by 0.70'/0, whilst reducing the potential for future volatility of repayment costs, by
taking out a ten year fixed interest rale loan at a rate of 5.88 /0 for 70,/0 of the principal owed.
We have negotiated a cost free loan facility of £800K, available for the ten year life of the Handelsbanken
loan, on the same terms as our new loan.
The terms of the Handelsbanken loan are less onerous than those of those we had in place with HSBC. and
contribute lo the pursuit of our strategy of building financial stability and resilience.
Council believes it has identified the major risks to which the Hospital is exposed. These include risks lo ils
financial stability, strong reputslion and qualily of the care provided and possible fulure resurgence of a
major pandemic. Risks have been categorised both by the likelihood of their occurrence and potential
impact. Council reviews the adequacy of protection against these risks and. if required. puls in place
procedures lo mitigate them. Council meets quartedy to consider the identification and mitigation of risks.
and the Finance Committee, meeting more regularfy, keeps a close watch on levels of expenditure and
overall financial perfotrnan￿. The Care Govemance Committee also meets quarterly, lo assess and monitor
the clinical and staff related risks of our charity.
In addition to the above, our long-term loan from HSBC imposed certain conditions on our financial and
operating performance. During the past year, the charity met all ils loan covenants.
Overall. the Hospital is in a much stronger position than in the last few years. There is no doubt that significant
risks and challenges still lie ahead, but Council believes that with our current financial position and operational
procedures, we are confident that we can move forward positively.
Structure. governance and management
Constitution
St. Luke's Oxford is registered as a charitable company limited by guarantee and was set up by a Trust deed.
Governance and internal control
A panel comprising existing Council Members selects the Members of the Council. Appointment is subject to the
approval of the council. Appointees are interviewed by the Chairman and one other Member of the Council. and
provided with full information about the charity before being invited to join the council. Members of the Council
serve for a three year period and may be re-elected.
The council meets four limes a year. The Finance Committee is made up of Members of the Council and usually
meets eight times each year. The committee operates under specific terms of reference, under which certain
function5 are delegated from the council. The committee has its decisions ratified by the full board.
The remuneration sub-committee of the Finance Committee is responsible for setting the pay and conditions of
the key management personnel. The council has the power to form other subcommittees, to consider key
mallers such is strategy. buildings, assurance and fundraising, as and when the need arises.
For the duration of the building projects, the council decided to merge the Finance Committee with the buildings
committee.
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ST. LUKE'S OXFORD
IA company limited by guarantee)
MEMBERS OF THE COUNCIL'S REPORT {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Structure, governance and management (continued)
The council delegates the day-to-day running of Sl Luke's lo the key management personnel, who operate under
the direction of the Chief Executive Officer, within the framework of the annual budget. The council approves the
annu81 budget which embodies the strategy for each year. Operational decisions are then made by the key
management personnel, except where expenditure is in excess of £10.000, which requires the approval of the
finance committee.
The Members of the Council have overall responsibility for ensuring that the charity has appropriate systems of
control, financial and otherwise. These systems should provide reasonable assurance that=
the charity is operaling efficiently and effectively-
ils assets are safeguarded against unaulhorised use or disposition.,
proper records are maintained and financial information used within the charity, or for publication, is
reliable-and
the charity complies with relevant laws and regulations.
The systems of internal control are designed to provide reasonable assuran￿ against material misstatement or
loss. They inclLJde'.
a five year plan and annual budget approved by the Council.,
regular consideration by the council of financial results and variances from budgets.,
delegation of authority and segregation of duties., and
appropriate training and development of staff.
Plans for future perlods
The plans for 202512026 are really about increased efficiency, operating income and consolidation. As
communities are back lo normal life. St Luke's will gradually rebuild confidence in the care home sector. Sl.
Luke's unique mix of long term care, post operative rehabilitation, respite and palliative care along with ils
reputslion should help il survive and thrive.
In this year 8 Strategy committee was sel up to lo study and analyse the five-year strategic plan drafted by the
CEO and has several meetings. The Council will review the recommendations from the committee and produce
a five-year plan the forthcoming financial year.
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ST. LUKE'S OXFORD
IA company limited by guarantee)
MEMBERS OF THE COUNCIL'S REPORT {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Plans for future periods {continuedl
Statement of Members of the Council's responsibilities
The Members of the Council (who are also the directors of the Charity for the purposes of company lawl are
responsible for preparing the Members of the Council's report and the financial statements in accord8n¢e with
applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting
Practice).
Company law requires the Members of the Council lo prep8re financial statements for each financial year. Under
company law, the Members of the Council musl not approve the financial statements unless they are satisfied
that they give a true and fair view of the stste of affairs of the Charity and of its incoming resources and
application of resources, including its income and expenditure, for that period. In preparing these fi'nancial
statements, the Members of the Council are required lo..
select suitable accounting policies and then apply them consistently,.
observe the methods and principles of the Charities SORP IFRS 1021.,
make judgements and accounting estimates that are reasonable and prudent.,
stale whether applicable UK Accounting Standards IFRS 1021 have been followed, subject lo any material
departures disclosed and explained in the financial stalemenls.,
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
Charity will continue in business.
The Members of the Council are responsible for keeping adequate accounting records that are sufficient lo show
and explain the Charity's transactions and disclose with reasonable accuracy al any lime the financial position of
the Charity and enable them to ensure that the financial slalemenls comply with the Companies Act 2006. They
are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
Disclosure of infomiation to auditor
Each of the persons who are Members of the Council at the time when this Members of the Council's report is
approved has confimied that..
so far as that Member of the Council is aware, there is no relevant audit information of which the charity's
auditor is unaware, and
that Member of the Council has taken all the steps that ought to have been taken as a Member of the
Council in order to be aware of any relevant audit information and to establish that the charills auditor is
aware of that information.
Auditor
The auditor, James Cowper Kreston Audtt, has indicated ils willingness to continue in office. The designated
Members of the Council will propose a motion reappointing the auditor at a meeting of the Members of the
Council.
ed by order
f the members of the board of Members of the Council and signed on their behalf by..
Mr L A Ponsonby
Member Df the Council
Dale..
13 October 2025
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ST. LUKE'S OXFORD
IA company limited by guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ST. LUKE'S OXFORD
Opinion
We have audited the financial statements of St. Luke's Oxford {Ihe 'charity'l for the year ended 31 Ma￿h 2025
which comprise the Slalement of financial activities, the Balan￿ sheet, the Statement of cash flows and the
related notes, including a summary of significant accounting policies. The financial reporting framework that has
been applied in their preparation is applicable law and United Kingdom Accounting Stsndards, including
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of
Ireland. Iunited Kingdom Generally A¢￿pted Accounting Practice).
In our opinion the financial statements..
give a true and fair view of the slate of the charitable companls affairs as at 31 March 2025 and of ils
incoming resources and application of reSoUr￿s, including its income and expenditure for the year then
ended..
have been properfy prepared in accordance with United Kingdom Generally Accepted Accounting
Practice,. and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS (UKI) and applicable
law. Our responsibilities under those standards are further described in the Auditorfs responsibilities for the audit
of the financial statements section of our report. We are independent of the charitable company in accordance
with the ethical requirements that are relevant lo our audit of the financial statements in the United Kingdom.
including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is
sufficient and appropriate lo provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial stalemenls, we have conclLJded that the Members of the Council's use of the going
concem basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identtfied any material uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubt on the charitable companls ability lo
continue as a going concern for a period of at least twelve months from when the financial statements are
authorised for issue.
Our responsibilities and the responsibilities of the Members of the Council with respect to going concern are
described in the relevant sections of this report.
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ST. LUKE'S OXFORD
IA company limited by guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ST. LUKE'S OXFORD ICONTINUEDI
Other information
The other information comprises the information included in the Annual report other than the financial stslemenls
and our Auditor's report thereon. The Members of the Council are responsible for the other information contsined
within the Annual report. Our opinion on the financial statements does not cover the other information and,
except lo the extent otherwise explicitly slated in our report, we do not express any fomi of assurance conclusion
thereon. Our responsibility is to read the other information and, in doing so, consider whether the other
information is materially inconsistent with the financial statements or our knowledge obtained in the course of the
audit, or otherwise appears lo be materially misstated. If we identify such material inconsistencies or apparent
material misslalements, we are required lo determine whether this gives rise to a material misstatement in the
rinancial statements themselves. If, based on the work we have perfomied, we conclude that there is a material
misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinion on other mattors prgscribgd by the Companies Act 2006
In our opinion, based on the work Undertaken in the course of the audit..
the information given in the Members of the Council's report for the financial year for which the financial
statements are prepared is consistent with the financial ststements.
the Members of the Council's report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the charitable company and its environment obtained in the
course of the audit, we have not identified material misstalemenls in the Members of the Council's report.
We have nothing to report in respect of the following matters in relation to which Companies 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 returns., or
certain dis¢losures of Members of the Council's remuneration specified by law are not made., or
we have not received all the information and explanations we require for our audit.
Responsibilities of tru$teos
As explained more fully in the Members of the Council's responsibilities statement, the Members of the Council
(who are also the directors of the charitable company for the purposes of company lawl are responsible for the
preparation of the financial statements and for being satisfied that they give a true and fair view, and for such
internal control as the Members of the Council determine is necessary to enable the preparation of financial
statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial slatemenls, the Members of the Council are responsible for assessing the charitable
companls ability to continue as a going concern, disclosing, as applicable, matters related to going concern and
using the going con￿rn basis of accounting unless the Members of the Council either intend lo liquidate the
charitable company or to ￿aSe operations, or have no realistic allemative bul to do so.
Page 12

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ST. LUKE'S OXFORD
IA company limited by guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ST. LUKE'S OXFORD ICONTINUEDI
Auditorfs responsibilities for tho audit of the financial statements
Our objectives are lo obtain reasonable assurance about whether the financial slalements as a whole are free
from material misslalement, whether due to fraud or error, and to issue an Auditorfs report that includes our
opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in
accordance with ISAS IUKI will always delect a material misstatement when it exists. Misstatements can arise
from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be
expected to influence the economic decisions of users taken on the basis of these financial statements.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including
those leading to a material misststemenl in the financial statements or non-complian￿ with regulation. This risk
increases the more that compliance with a law or regulation is removed from the events and transactions
reflected in the financial statements, as we will be less likely to become aware of instsnces of non-compliance.
The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves
intentional Con￿alment, forgery, collusion, omission or misrepresentation.
The specific prO￿dureS for this engagement that we designed and performed lo detect material misstatements
in respect of irregularities, including fraud, were as follows=
Enquiry of management and those charged with governance around actual and potential litigation and
claims-
Enquiry of management and those charged with governance lo identify any material instan￿$ of non-
compliance with laws and regulations.,
Reviewing financial statement disclosures and lesling lo supporting documentation to assess compliance
with applicable laws and regulations.,
Performing audit work to address the risk of irregularities due to management override of controls, including
testing of joumal entries and other adjustments for appropriateness, evaluating the business rationale of
significant transactions outside the normal course of business and reviewing accounting estimates for
evidence of bias.
A fLJrther description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website al.. www.frc.or
.uklauditorsres
onsibilities. This description forms part of our
Auditor's report.
Use of our report
This report is made solely lo the charitable companvs members, as a body, in accordance with Chapter 3 of Part
16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate to the charitable
companls members those matters we are required to state to them in an Audilorfs 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 ils members, as a body. for our audit work, for this report, or for the opinions we
have formed.
Michael Bath Bsc FCA DChA{Senior Statutory Auditor)
for and on behalf of
James Cowper Kreston Audit
Chartered Accountants and Statutory Auditor
The White Building
4 Cumbedand Place
Southampton
S015 2NP
Dale.. 14 October 2025
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ST. LUKE'S OXFORD
IA company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2025
Unrestricted
funds
2025
Restricted
funds
2025
Total
funds
2025
Total
funds
2024
Note
Income from-
Donations and legacies
Charitable activities..
Palient fees
Rental income
Coffee shop
Investments
Other income
41,297
63,760
105,057
155,023
4,601.384
135,799
29,782
20.970
4.075
4,601.384
135,799
29,782
20.970
4.075
4,564,773
130,070
26,965
23,993
12,600
Total income
4,833,307
63,760
4,897,067
4,913,424
Expenditure on:
Charitable activities
4,628.857
4,628.857
4,580,436
Total expenditure
4,628,857
4,628,857
4,580,436
Net movement in funds
204.450
63.760
268.210
332,988
Reconciliation of funds..
Total funds brought forward
Nel movement in funds
5,649,090
204,450
8.794
63,760
5,657,884
268,210
5,324,896
332,988
Total funds carried fonNard
5,853.540
72.554
5,926.094
5,657,884
The Ststemenl of financial activities includes all gains and losses recognised in the year.
The notes on pages 17 to 30 fomi part of these financial statements.
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ST. LUKE'S OXFORD
IA company limited by guarantee)
REGISTERED NUMBER: 01989868
BALANCE SHEET
AS AT 31 MARCH 2025
2025
2024
Note
Flxed assets
Tangible assets
Current assets
11
7,322,348
7,389,256
Stocks
Debtors
12
13
11,600
259,931
700,000
252.667
11,600
190,459
770,753
305,899
Investments
Cash al bank and in hand
14
1.224,198
1,278,711
Creditors.. amounts falling due within one
year
15
1653,9921
1747,6051
Net current assets
570.206
531,106
Total assets less current liabilities
7,892.554
7,920,362
Creditors.. amounts falling due after more
than one year
16
(1,966.4601
{2,262,4781
Total net assets
5,926.094
5,657,884
Charity funds
Reslricled funds
Unreslricled funds
17
72.554
8,794
General funds
17
5,853,540
5,649,090
Total unrestricted funds
17
5,853.540
5,649,090
Total funds
5,926.094
5,657,884
The Members of the Council acknowledge their responsibilities for complying with the requirements of the Act
with respect lo accounting records and preparation of financial statements.
The financial statements were approved and authorised for issue by the Members of the Council and signed on
their behalf by..
Mr N Ritchie
Treasurer
Dale.. 14 October 2025
The notes on pages 17 to 30 form part of these financial statements.
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ST. LUKE'S OXFORD
IA company limited by guarantee)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Noto
Cash flows from operatlng actlvltles
Nel cash used in operating activities
20
465,198
671,823
Cash flows from Investlng actlvltles
Investment income
Purchase of tangible fixed assets
Short term investment
20,970
3,240
1151,3881 1251,1221
70.753
1750,0001
Net cash used in investing activities
159,6651
{997.8821
Cash flows from financing activities
Interest paid
Repayments of borrowings
1162,7471
1191,8581
1296,0181 1336,8441
Net cash used in financing activities
1458,7651 {528.7021
Change In cash and cash equlvalents Sn the year
Cash and cash eqLJivalents at the beginning of the year
{53.2321
305,899
{854.7611
1,160,660
Cash and cash gquivalents at the end of thg year
21
252,667
305,899
The noles on pages 17 to 30 fomi part of these financial stslements
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ST. LUKE'S OXFORD
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policios
1.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 1021
Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021, the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021 and the Companies Act 2006.
Sl. Luke's Oxford meets the definition of a public benefit entity under FRS 102. Assets and liabilities
are initially recognised at historical cost or transaction value unless otherwise staled in the relevant
accounting policy.
1.2 Going concern
We have just successfully completed the transfer of our loan from HSBC to Handelsbanken on more
favourable terms. We have fixed 700/0 of the loan as a precaution and the remaining 300/0 is variable
which gives us the flexibility to continue paying off our loan, which we have reduced from £3.3 million
to £2.1 million over the past 5 years despite challenging post-covid conditions. To comply with the
terms of the loan we had to persuade the bank that we were a good risk and carry out a new
valuation. We have adequate cash reserves and the facility to extend our loan should we require
extra funds. Despite shortage of funds al the local authority causing them to terminate our 10-bed
contract and restrict funding to CHC funded patients through the use of an online.
To demonslrale our resilience to withstand future challenges, the pandemic caused an immediate
shock to our business as approximately 300/0 of our beds are short stay. Admissions for short slay
virtually ceased and as patients went home our occupancy fell. We were able to furlough staff and
reduce hours and overtime, but we were steadily draining reserves to keep our staff in place. We
were then able to close the ground floor and isolate it and become the only 'designated setting in the
county taking covid positive patients from the acute hospitals to relieve their pressures. We had lo
have our infection control procedures inspected and approved by the CQC to enable us to lake that
contract which helped our finances lo recover. Due lo the good relationships this engendered we
were able lo get further contracts with the CCG and local authority. Due to the financial constraints on
them and their new poliry of discharge to assess and the number of new homes being built in
OKFordshire, the occupancy levels have dropped in Oxfordshire. However, our demand has continued
to be strong. If there were to be another pandemic, we would be in a strong position to get a similar
arrangement to support the acute hospitals il their time of need. Our high standards of infection
control will continue to protect our patients from the pandemic taking hold within our building.
We have increased our fees to compensate from government Nl increase and believe that we have
the capacity to do so again as the introduce new workforce legislation. We are fully staffed and have
good retention so will be able lo maintain our standards where many will not as immigration
standards are tightened. We have produced budgets for different levels of occupancy and have good
reserve levels. Our new loan arrangement is a bonus as that had not been budgeted for and
demonstrates our financial resilience. As a charity we have been able lo fundraise for refurbishment
projects which means that we have been able lo upgrade without impacting on our bottom line. We
have kept pace with replacing equipment and introducing technology. We are well insured. We have
demonstrated our resilience by the speed in which we recovered occupancy levels following the loss
of the 10-bed contract and the introduction of the portal to offer CHC beds.
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ST. LUKE'S OXFORD
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies (continued)
1.3 Income
All income is recognised once the Charity has entitlement lo the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
Other income is recognised in the period in which il is receivable and to the extent the goods have
been provided or on Completion of the service.
Voluntary income
This represents donations re￿iVed by the charity.
Investment inGome
This represents investment income which is included on an accruals basis.
Incoming resources from charitable activities
This represents fee income from patients together with rental income from ￿nsUltantS using the
premises as offices and consulting rooms.
1.4 Expenditure
Expenditure is rewgnised once there is a legal or constructive obligation to transfer economic benefit
to a third paty, it is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is classified by activity.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
1.5 Tangible fixed assots and dopreciation
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tsngible
fixed assets are measured at cost less accumulated depreciation and any accumulated impairment
losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be
included in the measurement of ￿$1.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value
over their estimated useful lives, Using the slraighl-line method. Freehold land is not depreciated.
Depreciation is provided on the following bases..
Freehold property
Room refurbishment costs
Plant and equipment
Fixtures and fittings
Medical equipment
Computer equipment
over 50 years
over 20 years
over 3 years
over 2 to 10 years
over 3 to 10 years
over 2 years
Where existing assets such as furniture and IT equipment have to be repla￿d due lo normal 'wear
and tear. the expenditure is taken directly to repair costs.
1.6 Stock
Stock is valued al the lower of cost and net realisable value.
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ST. LUKE'S OXFORD
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies (continued)
1.7 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
1.8 Cash at bank and in hand
Cash at bank and in hand includes cash and short-lerm highly liquid investments with a short maturity
of three months or less from the dale of acquisition or opening of the deposit or similar account.
1.9 Liabilities
Liabilities are recognised when there is an obligation al the Balan￿ sheet date as a result of a past
event, it is probable that a transfer of economic benefit will be required in setllemenl, and the amount
of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anlicipales it will pay lo sellle the debt or the
amount il has received as advanced payments for the goods or services il must provide.
1.10 Financial in$trumgnts
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised al transaction value and subsequently
measured at their settlement value with the exception of bank loans which are subsequently
measured at amorbsed cost using the effective interest method.
1.11 Pension$
The Charity operates a defined contribution pension scheme and the pension charge represents the
amounts payable by the Charity lo the fund in respect of the year.
1.12 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Members of
the Council in furtherance of the general objectives of the Charity and which have not been
designated for other purposes.
Restricted funds are funds which are to be used in accordan￿ with specific reslriclions imposed by
donors or which have been raised by the Charity for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fune is set out in the notes to the financial statements.
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ST. LUKE'S OXFORD
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Critical accounting estimate$ and areas of judgement
Estimates and judgements are continually evaluated and are based on historical experien￿ and other
factors, including expectations of future events that are believed to be reasonable under the
circumstances.
Critical accounting estimates and assumptions..
The Charity makes estimates and assumptions concerning the future. The resulting accounting estimates
and assumptions will, by definition, seldom equal the related actual results. The estimates and
assumptions that have a significant risk of causing a material adjustment to the Caryng amounts of
assets and liabilities within the next financial year are discussed below.
Tangible fixed assets
Tangible fixed assets are depreciated over their useful lives taking into account residual valued, where
appropriate. The actual lives of the assets and residual values are assessed annually and may vary
depending on a number of factors. Residual value assessments consider issues such as the remaining
life of the asses and projected disposal values.
Other incoming resource$
Unrestrictgd
funds
2025
Totsl
funds
2025
Total
funds
2024
Other income
4,075
4,075
12,600
Total 2024
12,600
12,600
Analysis of expenditure on charitable activities
Summary by fund type
Unrestricted Restricted
fund5
funds
2025
2025
Total
2025
Tol81
2024
Patient services and facility costs
Managing and adminislralion costs (including
governance)
3,935,001
3,935,001
3,897,483
693,856
693,856
682,953
4,628,857
4.628,857
4,580,436
Total 2024
4,556,753
23,683
4,580,436
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ST. LUKE'S OXFORD
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Analysis of expenditurg on Charitsble activitios lcontinugdl
Summary by expendituro typg
Staff costs Depreciation Other costs
2025
2025
2025
Total
2025
Total
2024
Patient setvices and facility
costs
2,757,432
218,295
959,274
3.935.001
3,897,483
Managing and administration
costs (including governance)
370,063
323,793
693,856
682,953
3,127,495
218,295
1,283,067
4.628,857
4,580,436
Tol812024
3,094,527
178,975
1,306,934
4,580,436
Patient services and facility costs
2025
2024
Nursing services
Medical supplies
Non clinical services including catering and domestic
Premises and plant
Coffee shop
Depreciation
2.401,857
86.348
840,566
384,314
3,621
218.295
2,434,647
53,747
833,093
376,621
20,400
178,975
3.935,001
3,897,483
Managing and administration costs (including governance)
2025
2024
Salaries
Finance costs- other
Interest payable
Insurance
Office and administration costs
Govemance
370,064
512
162.747
58,101
80,472
21.960
347.922
1,489
191,858
40,709
80.815
20,160
693,856
682,953
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ST. LUKE'S OXFORD
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Auditorfs remuneration
The audilorfs remuneration amounts to an auditor fee of £17,096 (2024 - £17,096), and preparation of the
rinancial statements of £2,05012024 - £4.0321.
Stsff costs
2025
2024
Wages and salaries
Social security costs
Pension costs
2,793,434
273,670
60.391
2,773,125
263,428
57,974
3.127,495
3,094,527
The average number of persons employed by the Charity during the year was as follows=
2025
No.
2024
No.
Patient services and facility costs
Managing and adminislralion (including governance)
88
87
95
The number of employees whose employee benefits (excluding employer pension costs) exceeded
£60,000 was=
2025
No.
2024
No.
In the band £60,000 - £70,000
In the band £80,000 - £90,000
In the band £90,001 - £100,001
In the band £120,000 - £130,000
The key management personnel of the charity Comprise the Members of ihe Council, the Chief Executive
Officer, Finance Manager, Matron and Facilities Manager. The total employee benefits of the Key
Management Personnel of the charity were £309,50012024.. £303,015).
Members of the Council's remuneration and expenses
During the year, no Members of the Council received any remuneration or other benefils12024- £NILI.
During the year ended 31 March 2025, no Member of the Council expenses have been incurred {2024 - £
NILI.
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ST. LUKE'S OXFORD
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
10.
Taxation
The company is considered lo pass the tests set out in Sch.6, para.1 of the Finance Act 2010 and
therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the
company is potentially exempl from taxation in respect of income or capitsl gains re￿iVed within
categories covered by Pt.11, Ch.3 of the Corporation Tax Act 2010 or s.256 of the Taxation of Chargeable
Gains Act 1992, to the extent that such income or gains are applied exclusively lo charitable purposes.
11.
Tangible fixed assets
Room
Plant and refurbishment Other fixed
equipment
costs
assets
Freehold
property
Total
Cost or valuatlon
At 1 April 2024
Additions
8,814,696
75,086
48,153
30,319
195,462
45,983
274,344 9,332,655
151,388
At 31 March 2025
8,889.782
78,472
241.445
274,344 9,484.043
Depreciation
At 1 April 2024
Charge for the year
1,592.949
167,286
25,079
15,772
51.027
35,238
274,344 1,943.399
218,296
At 31 March 2025
1,760,235
40,851
86,265
274,344 2,161,695
Net book value
At 31 March 2025
7,129,547
37,621
155,180
7,322,348
At 31 March 2024
7,221,747
23,074
144,435
7,389,256
The charity has freehold land of £1,000,00012024.. £1,000,000}.
12. Stocks
2025
2024
Food and provisions
Domestic items
7,000
4,600
7,000
4,600
11.600
11,600
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ST. LUKE'S OXFORD
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
13.
Debtors
2025
2024
Trade debtors
251,395
5.386
3.150
172,771
15,707
1,981
Other debtors
Prepayments and accrued income
259,931
190,459
14.
Current asset investments
2025
2024
Unlisted investments Iliquidl
700,000
770,753
15.
Creditors: Amounts falling dug within one year
2025
2024
Bank loans
147,520
87,764
56.403
29,323
332,982
147,520
124,483
55,169
47,046
373,387
Trade creditors
Other laxalion and social security
Other creditors
Accruals and deferred income
653,992
747,605
2025
Deferred income al 1 April 2024
Resour￿$ deferred during the year
Amounts released from previous periods
141,975
126.798
{141.9751
126,798
Deferred income relates to patient fees paid in advance.
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ST. LUKE'S OXFORD
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
16.
Creditors: Amounts falling duo after more than one year
2025
2024
Bank loans
1,966,460
2,262,478
The bank loan is secured against the property al 4 Lalimer Road, Headington, OX3 7PF.
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ST. LUKE'S OXFORD
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
17.
ststomont of funds
ststement of funds - curront year
Balance at
31 March
2025
Balance at 1
April 2024
Incomg Exponditure
Unrestricted funds
General funds
5.649,090
4,833.307
14.628,8571
5,853.540
Restrlcted funds
Development fund
Care chair
8,583
211
63,760
72,343
211
8,794
63,760
72,554
Total of funds
5,657,884
4,897,067
14,628,857)
5,926,094
Development fund
This is a project set up by the charity to refurbish 20 rooms and replace essential fumiture. This year the
committee raised £63,760 12024.. £125,090) and there is a balan￿ of £72,343 al the year end. The
transfer out relates lo the capital expenditure during the year.
{11 The NHS Education Department in support of one of the nurses who is completing an apprenticeship
lo become a registered nurse.
Page 26

Virtual&gnalur£ Transaction Rel 7fiF.BLP5.XRJW 14 Ctt 2025 11."42 38 BST (UTC +11 D 1￿ P 29132
ST. LUKE'S OXFORD
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
17.
ststomont of funds {continuedl
ststement of funds - prior y9ar
Restated
balance at
1 April 2023
Balance at
31 March
2024
Transfers
inloul
Income Expenditure
Unrestricted funds
General funds
5,209,591
4,767,868 {4,556,7531
228,384
5,649,090
Restrlcted funds
Infection control grant
Development fund
Stsff salary and apprenticeship
fund
Staff retention
Care chair
711
17111
12,3811 1225,0951
110,969
125,090
8,583
3,625
11,050
5,916
3,500
114,6751
15,9161
{3,2891
211
115,305
145,556
123,6831
1228,3841
8,794
Total of funds
5,324,896
4,913,424 {4,580,4361
5,657,884
18.
Summary offunds
Summary offunds - current year
Balance at
31 March
2025
Balance at 1
April 2024
Income Expenditure
General funds
Restricted funds
5.649.090
8,794
4,833.307
63.760
14.628.857)
5,853.540
72.554
5.657,884
4,897.067
14.628,8571
5,926.094
Page 27

Virtual&gnalur£ Transaction Rel 7fiF.BLP5.XRJW 14 Ctt 2025 11."42 38 BST (UTC +11 D 1￿ P 30132
ST. LUKE'S OXFORD
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
18.
Summary of funds Icontinuedl
Summary offunds - prior yoar
As restated
balance at
1 April 2023
Balance at
31 March
2024
Transfers
inloul
Income Expenditure
General funds
Restricted funds
5,209,591
115,305
4,767,868 {4,556,7531
228,384
145,556
123,6831 1228,3841
5,649,090
8,794
5,324,896
4,913,424 14,580,436)
5,657,884
19.
Analysis of net assets between funds
Analysis of net assets between funds - current year
Unrestricted Restricted
funds
funds
2025
2025
Total
funds
2025
Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
7,322,348
1,151.644
1653,9921
{1,966,4601
7,322,348
1,224,198
{653,9921
(1,966.4601
72,554
Total
5,853.540
72,554
5,926,094
Analysls of net assets between funds- prlor year
Unrestricted
funds
2024
Reslricled
funds
2024
Total
funds
2024
Tangible fixed assets
Current assets
7,389,256
1,269,917
1747,6051
{2,262,4781
7,389,256
1,278,711
1747,6051
{2,262,4781
8,794
Creditors due within one year
Creditors due in more than one year
Total
5,649,090
8,794
5,657,884
Page 28

Virtual&gnalur£ Transaction Rel 7fiF.BLP5.XRJW 14 Ctt 2025 11."42 38 BST (UTC +11 D 1￿ P 31132
ST. LUKE'S OXFORD
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
20.
Reconciliation of net movement in funds to n9t cash flow from opgrating activities
2025
2024
Nel income for the year las per Statement of Financial Aclivilies)
268,210
332,988
Adjustments for:
Depreciation charges
Investment income
Interest paid
Increase in debtors
Increaselldecreasel in creditors
218.296
{20,9701
162,747
169,4721
193,6131
178,975
{23,9931
191,858
178,8131
70,808
Net cash provided by operating activities
465,198
671,823
21.
Analysis of cash and Cash equivalents
2025
2024
Cash in hand
252,667
305,899
22.
Analysis of changes in net debt
At 1 April
2024 Cash flows
At 31 March
2025
Cash at bank and in hand
Debt due wlhin 1 year
Debt due after 1 year
Liquid investments
305,899
{147.5201
(2,262.4781
770.753
{53,2321
252,667
{147.5201
296,018 (1,966,460)
{70.7531
700.000
(1,333,346)
172,033 (1,161.3131
Page 29

Virtual&gnalur£ Transaction Rel 7fiF.BLP5.XRJW 14 Ctt 2025 11."42 38 BST (UTC +11 D 1￿ P 32132
ST. LUKE'S OXFORD
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
23.
Mgmber$' liability
Each member of the charitsble company undertakes to contribute to the assets of the company in the
event of it being wound up while helshe is a member, or within one year after helshe ceases to be a
member, such amount as may be required, not ex￿edIng £1 for the debts and liabilities contracted before
helshe ceases to be a member.
24.
Related party transactions
One trustee had sales of £961 12024.. £990} with a debtor balance of £12412024.. £601 relating to rent
and services.
There were no members of key management who had hospitsl servi￿$ with related parties at a reduced
monthly rate in the year12024.' 1 member al a rate of £1501.
Page 30