Charlty registratlon number 297937 (England and Wales} Company registration number 2180488 GREEN PASTURES ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025
GREEN PASTURES LEGAL AND ADMINISTRATIVE INFORMATION Trustee$ Dr A Gill Ms A Walker Mr P Brown Mr K Plank Mrs P H Madeiros Mrs J Adkins MrSGWhrte Mrs L Denyer {Appoinled 23 January 20251 Secretary Mr P J Brown Charity number (England and Wales) 297937 Company number 2180488 Registered office Green Pastures Christlan Nursing Home Bath Road Banbury Oxfordshire OX16 OTT Audltor Ellacotts Audll Servl¢es Limited Countrywide House 23 West Bar B8nbury Oxfordshire EngLqnd OX16 9SA Bankers Lloyds Bank 12 High Street Banbury Oxfordshire
GREEN PASTURES CONTENTS Page Trustee's report ststemenl of trustee's responslbilities Independent audltorfs report Slalemenl of flnancjal activfÉies 10 Balance sheet 11 Slalemenl of cash flows 12 Notes lo the financial stat8menls 13-24
GREEN PASTURES TRUSTEE'S REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) FOR THE PERIOD ENDED 31 MARCH 2025 The Iruslees present their annual report and financial slalemenls for Ihe period ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies sel out In note 1 to the financial statements and comply with the charitable company's governlng document. the Companies Act 2006 and "Accounting and Reporting by Charities.. Slalemenl of Recommended Pr2clice applicable lo charities pteparing their accounts in accordance with the Financial Reporting Standard applicab in the UK 8nd Republic of Ireland IFRS 1021" (effective 1 January 20191. Oblectives and activities The objeGtlve of the charity Is lo relieve persons who are elderfy, ill, disabled or othemse in need of care by the provision of a home Dr homes andlor care setvices situated in Banbury and the surrounding neighbourhood, njn on Christian principles as laid down by the creed of the Evangelical Alllance. Green Pastures operates from a purpose built 60 bed Nursing Home in Bath Road, Banbury opened In 2017. Public benefi"1 The trustees have peid due regard to guidance iSSLJed by tre Charfty Cornmlssion in deciding whal acts'viues the charitable company should undertake. strategic report The de5CliPtion under the headings "Achievements and performance" and 'Financial revlew" meet the cornpany law requiremenls for the trustees to present a strategic Teport. Achievements and perfomiance REVIEW OF ACTIVITIES The past year has been focused on fine-tuning our systems lo ensure they are effective across the business. This Includes clinical documentation and managernenl administration. as well as ensuring auditing processds are corieclly re(x)rded in every department. Thls process requiTed cooperation from every department, which was nol always easy, but we achleved our objective. Thls was endorsed by a mock CQC Inspection conducted by a private consultanl. Our manager has continued to hold regular meetings with residents, families. Thbs practlce had been neglected during COVID, bul the feedback has b8en excellent and has enabled u5 to be Tnore responslve to the residents, requirerllenls. We have ¢ontlnued lo Invest in our bullding refurbishing the atrium area,. providing new furniture and equipment. In recognition of our wamer summers. we have installed alr cond1tioning in a further two lounges lor the comfort of our residents. The Ob'èctives Set at the be innin of the ear wère a5 follows: 1. MaSntain high OUpancY levels. 2. Ensure the continued smooth running of the home through the experfenced management team Bnd staff. providing the very best care for the residents. 3. Conduct regular audits of every department to maintain hlgh sland8rds required by CQC. 4. Maintain good cost contrDI lo establish a sound financial base lor ftjture developmenls. 5. Research the possibility of extending the wotk of Green Pastures by starting 8 domiciliary Gare operBtion, as funding from lo¢al authorities is geared low8rds maintaining people in their own homes. 6. Conunue lo embrace dlgital recording of records lo reduce Papeork.
GREEN PASTURES TRUSTEE'S REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT) {CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025 We continue lo have a good reputation in the community, both with PTivale ftjnders and Social Services. The residents. e1r families, and staff have enjoyed several social events during the year, with the highlight being the Summer Garden Party. We have maintslned an oxcellent Core of staff, totalling 117. Sponsorship recruitment has slowtsd ckjwn due lo cential government policy. As always, our Chris118n ethos means that God Is central lo all we do. hAornlng prayer is held every morning. and regular services are held midweek and on Sundays, SUPPOrted by our team of chaplains. FUNDRAISING ACTIVITIES Fundraising typically represents a minor portion of the charity's incorne_ The charity does not em 0Y professional fundraisers or participate in any voluntary schemes. Income is derived Irorn donations, legacie5, and a lirnited number ol events organised maSnly for the residents, entertainment. There have been no complainis regarding these activities. VOLUNTEERS All the Trustees are volunteeis, as is our senlor ¢h8plain. Twenty volunteefs in total help for a few houis 8 week in the home. Nine volunteers in Well Being, who engage in activities with the resbdenls. Five volunteers do an excellent job in Ihe garden a5 a team. Six volunteers help run Nostalgia Café, supporting Individuals wfth demenlla and their carers. Financlal Tevlew KEY FINANCIAL PERFORMANCE INDICATORS Key Fin8ncial Performance Indicalors= The occup8ncy level m81ntained an average o198Vo Ihroughoul the year, and 811 financi81 targets were successfully aGhleved. The budgeted net surplus was £298,000, whlch was surpassed with a final figure of £304,315. The average fee level for the year was £1.E43. compared to a budgeted amount of £1,738. We maintsin ongoing discussions wlth Oxfordshire County Council and Conllnuing Care regardlng the payment levels they offer for individual care. The team al Green Pastures Chtlslian Nursing Home successfully met their objectives, includlng reduryng the trjtal agency bill lo £157,019 from £231,701 in Ihe previous year. Foi the fin8ncial year 2022-23. the agency bill amounted lo £653,253, demonstrating effective cost managemenl. The net surplus after interest for the year was £304.315, which exceeded our budgeted figure by lust over £6,000. The cash generated was used lo reduce the debt to Ihe bank lo £1,769,224.
GREEN PASTURES TRUSTEE'S REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025 GOING CONCERN At year-end. the ¢harity had net current liabllitles of £769,914. 11 took out a bu51ness loan of £4,494,000 ftom Clydesdale & Yorkshire Bank (now trading as Virgin Moneyl in February 2018. yvilh an additional £131,000 added on 21 sl February 2019 for the final build contract payment. As of year-end, £1,769,224 of these loans rem8ins outstanding. The charity depends on ongoing support frorll Virgin Money, which intends to contlnue its support. Based on this asses5menl. the trustees have de¢ided lo prepare the financlal statements using the going ¢J)ncern ba51S. PRINCIPAL RISKS AND UNCERTAINTIES The Trustees have evaluated the Tllaln risks faclng the charity and are eonfidenl that measures are In place to manage them. Risk management is central lo Green Pastures. annual financial plannlng. The primary risk identified is a decrease in bed occupancy, whi¢h may lead to bwer fee income. Thls risk is addressed through regul8r monitoring of occupancy levels and the implementstion of strict financial controls. Another key risk for the charity involves compli8nce with employment leglslalion. The Iruslees wevlously subscribed to Peninsula for support. bul have now rel8ined a solicitors. practice on a monthly basis lo assist these matters. RESERVES POLICY The charity maintains a poli¢y Ihat unreslricled funds. nol designated for speciflc purposes, should be kept at a level equivalent to at least three months of staff salaries, approxitrately £975,000. This ensures that, in the event ol a signifieanl reduction in funding, the Trustees can sustain the charity's ongoing aclivities while exploring strategies to secure additional funds. Total funds at the year end wore £7.100,506 12024.. £6,796.1911. Funds repres8nied by fixed assets less loans secured on them totalled £6.213,55312024'. £6,078.0931. There was £2Q512024= nlll in Restricted Funds at the year end. Plans for future periods FUTURE DEVELOPMENTS Green Pastures is committed to conllnulng the prowslon of lon*lerm nursing care. Includlng dementia care for elderly residents. and offering resplte care when beds are available. Main Ob"ectives for ear endln March 2026.. 1. Maintain high occupancy levels. 2. Our goal is lo maintain the efficient operatlon of the home through the expertise of our management team and staff. providlng the highesl quality of care for the residents. 3. Continue lo perform regular audits of each department lo ensure compllance with CQC-required standards. 4. Maintain effective cost control and establish a stable firiancial foundation for future developments. 5. Investigate the potential for expandlng Green P8Stures' services by establishing a domi¢lllary care operation, alignino with local authorities. funding priorilies lo support individuals in their homes. 6. Continue adopting digital record-keeping systems lo minlmize paperwork. 7. Provide ongoing encouragement and support for staff lo undertake additional trainbng, includbng mandatory and NVQ qualificauons for carers, lo enhance their skills and effectiveness in their roles. 8. Offer advanced Iralning for nurses in PEG feeding techniques and enckof-life care, ensuring that all nurslng sl#ff receive training under the Gold Standards Fratllework.
GREEN PASTURES TRUSTEE'S REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025 ACKNOWLEDGEMENTS Appieciation must go lo all the staff and volunteers who have worked together as a tearn throughout the year. The results achieved have been by 811 of the le8m pulllng together. Who have delivered eKcellent care throughout th8 year. Structure, governancè and managemènt CONSTITUTION The chari18ble company is registered as 8 charitable company limited by guarantee and was set up by a Memorandum of Association on 19 October 1987. The trustees. who are also the directors for the PUTpo$e of company law, and who served durbng the peTiod and up lo the date of Snature of the firiancial statements were.. DrA GIII MSA Walkei Mr P Brown Mr K Plank Mis P H Madeiros Mrs J Adkins Mr S G White Mrs L Denyer (Appointed 23 January 20251 METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES The directors of the charil8ble company (the charity) are its trustees fof the purposes of ¢harity law and throughout this report a collectively referred to as the trustees or the board. Ml trustees serve on a voluntary basls and are committed Christians. No trustee recelves any remuneration for his or her services. New Iruslees are recommended by currently serving trustees. They complete a writen applicallon, wovlde chara¢ler references and have 8 DBS ¢heck. They a interviewed by the chalr and one other trustee. If the Iwo Iruslees recommend that the candidate becomes 8 board member this musl receive board approval. The nominations are then brought forward lo the next Annual General Meeting for election by the members. Each year two Iruslees retire in rotation bul aTe eligible for re*lection by the members. Nc>ne of the trustees has any beneflrAal interest in the company. All of the trustees are members of the company and guarantee lo Contribute £1 In the event of a windlng up. ORGANISATIONAL STRUCTURE AND DECISION MAKING The home is wn on a day-to-day basls by the Horne Manager. Ana Drobaltt. under the overall rnanagement ol Ihe board of trustees. The managef is a Christian. The board met on a monihSy basis throughout the year and received reports Iiom the manager at these meetings. The home fflanager was the CQC Registered Manager of the Home. The Care Quality Commission {CQCI Nominated Individu81 from 1 sl Aprll 2023 is Anna Walker. The home rnanager was responsible for ensuring that all our resldenls were safe, that they received person-Genlred care that mel their needs and Ihat we were compliant with GQC requir8menls. Also. the dinical staff supervision was delegated lo the Home Manager. The home managei was responsible for ensuring that all invoices, fees and donations were accurately accounted for in the monthly budget report lo the board and was responsible for all other aspec15 of running the home. Our vision statement is fullness of life, gro 8nd excellence. This vision sets out a preferred vi51on of the future around which the home as an organisalion and the staff as individua15 orientate their de¢isions and practice. It 8lso reflects the heart of the board and management team that we seek to invest in the potential of each resident and member of staff. This is an outworking of our belief that all human beings have equal value.
GREEN PASTURES TRUSTEE'S REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025 POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES New Trustees undergo an indLJCtion to brief them on their legal obligations under charity and Company law, the conlenl of the Memorandum and Artides ol Association. the decision-making process and ihe recent financial performance of the charity. During the Inductlon they meet key employees and other Trustees. PAY POLICY FOR SENIOR STAFF The policy for the salary for the Home Manager was lo sel il al a level that would attract 8 senioY health professional, ideally a nurse. with man8gemenl experience. lo the post. The Trustee5 look into attounl the salary levels of home managers in other nursing homes and also salaries being offered for posts with similar responsibiliues in the NHS. Other senioT fflan8gemenl team remuneralK)n is sel wlth reference to similar posts in other nursing homes and charllies. Auditor In accordance with the ¢ompany's arti¢les, a resolution proposing that Ell8cotts Audit Seryices Llmited be reappointed as auditor of the company will be pul al 8 General Meetlng. Dlsclosure of infomiatlon to auditor Each of the Itustees has conflrmed thal there is no informatlon of which Ihey are aware which Is relevant lo the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropfiale steps to dentify such relevant informatlon and lo establish that the audffor is aware of such information. The trust s report, Including the slraleglc report. Was approved by the Board of Trustees. Mr S G White Trustee D81e-.
GREEN PASTURES STATEMENT OF TRUSTEE'S RESPONSIBILITIES FOR THE PERIOD ENDED 31 MARCH 2025 The trustees. who are also the direclois of Green Pastures for the purpose of company law, are responsible for preparing the Trustee's Report and the financial statemen15 in aecordance with applicable law and United Kingdom Accounting Standards Iuniled Kingdom Generally Ac¢epted Accounting Pra¢licel. Company law require5 the Irusleés lo prepare flnancial st8temenls for each fin8ncial period which glve 8 true and fair view of the slate of affairs of the charitable company and of the incoming resources and appllc2lion of resources, including the income and expenditure, ol the charitable comp8ny for Ihal period. In preparing these financial ststements, the tiuslees are required to= select suitable accotjnting policies and then apply them consislenUy- observe the method5 and principles in the Charities SORP., make judgements and estimales that are reasonable and PTuiJent'. stale whether applicable UK Accountlng Sland8rds have been followed, subject to any material departures disclosed and explained in the financial slatemenls., and prepare the financial statements on the going concern basis unless it is in8ppropii8te lo presume that the chaiilable company will continue in operation. The trustees are iesponsible for keeping adequate accounting reeords Ih8t disclose with reasonable a¢curacy at any b.me the fin8ncial position of the charltable company and enable them lo ensure that the financial st8lemenls comply with the Companies A¢1 2006. They are also responsible for safeguardlng the assets of the charitable comp8ny and hence for taking reasonable steps for the prevention and detection of fraud and other irregularili8S.
GREEN PASTURES INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF GREEN PASTURES Opinion We have audlted the financial ststemenls of Green Pastures (the 'charilable comp8ny'l for the period ended 31 March 2025 which comprise the siatement of linan¢i81 acliv11ies, Ihe balance sheet, the slatemenl of cash flows and noles to the financial 5t8temenls, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Rsporting Stsndard 102 The Finanoal Reporting Standard applicable in the UK and Republic of Ireland {Unlled 'ngdoM Generally Accepled Accounting Practice). In our opinlon, the ffnancial slalemenls: give a true and fair view of the stale of the charitable companys affairs a5 al 31 M8rch 2025 and of its incoming resources and application of resources, including ils income and expendllure, for the period then ended.. have been propefly prep8red in accordance with United Kingdom Generally Accepted Accounting Practi.. and have been prepared In accordance with the requirements of the CompanEs Act 2006. Basis for opinion We conducted our audit in accor(18nce with Inlernallonal Standards on Auditing IUKI (ISA5 IUKII and applicable law. Our responslbilities under those standards are further described in the Auditors responsibilities for the audit ol the financisl slelemsnts section of our report. We are Sndependenl ol the charitsble company in accordance wth the ethical requirements that are relevant to our audit of the financial statements in th8 UK, including the FRC'S Ethical Standard, 8nd we have fulfilled our other elhlcal responsibilities in accordance with these requirefnents_ We believe that the audit evidence we have obtained Is sufficient and approprvate lo provide a basis for our ownion. Conclusions relatlng to going ¢onceTn In auditing the Iinancial statements, we have concluded that the trustee's use of the golng concem basis of accounting in the preparation ol the financlal slalemenls is appropriate. Based on the work we have perfomied, we have not identffied any material uncertainties relating lo events or conditions that, individually or collectively, may cast signsficant doubt on the chariiable company's abllity lo continue as a going concern for a period of at least twelve months from when the financial slalements are authori5ed for issue. Our responsibilities and the responslbllilies of the trLJslees with respect lo going concern are describe(J In the relevant sections of Ihis report. other information The other information comprises the Inforrn81ion Induded in the annua1 report other than the finala1 statements and our audllorfs report Ihereon. The Iruslees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the olheT information and, except to the extent otheiSe explicitly 51aled in our report, we do not express any form of assurance conclusion Ihereon. Our responsibility is lo read the other Inform8tlon and, in doing so, consider whether the otheT inforfnalon is materially inconsislenl with the financial slalements or our knowledge obtained in the course of the audit, or otherwise appears lo be materially misslgted. If we identity such material inconslstencles or apparent material misslatemenls, we are required to delermine whether this gives rise to a material misstalemenl In the f1nancial statements therllselves. If, based on the work we have perforrned, we conclude th8l there is o material misstatement ol this oiher information, we are required to report that fact. We have nothing to report in this regard.
GREEN PASTURES INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF GREEN PASTURES Opinions on other matter$ prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of our audit-. the infomation given in the Iruslee's report for the financS8l perrod for which the flnancial slalements are prepared, which includes the directors, report and the strategic report prepar&1 for the purposes ol company law, 15 consistent with the financial statements-, and the strategic report and the directors, report included within the trustee's report have been prepafed in acrdanCe wrth applicable legal reqLJirements. Matters on whlch we are required to report by exception In the light of the knowledge and understanding of the charitable eompany and Its environment obtained in the course of the audit. we have not Idenlrfied material misslalements in the slr8tegic report or the directors, report included within the trustee'5 report. We h8ve nothing lo report in fespecl of the following matters in relation lo which the Companies Act 2006 requires us lo report lo you if. in our opinion.. adequate accounting records have not been kepl, or feturns adequate for our audit have not been received from branches not visited by us., or the finandal slalements are not Sn agreement with the acwunling records and returns: or Certain dlsck)sures of trustees. remuneration specified by18w are not made., or we have not re¢eived all the information and explanations we require for our audit. Responsibilities of trustees As explained more fully in the slalement of trustee's responslbllities. the trustees, who are also the directors of the charitable cornpany lor the purpose of company law. are responsible for the prepaiatlon of the financial statements and for beino satisfied that they give a true and fair view. and fDr such internal control as the trustees determine is necessary lo en8ble the preparation of financial slalements that are free from material misststemenL whether due lo fraud or error. In preparing the financial 5ts1ements, the Iruslees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, rnatlers related to going concern 8nd using the golng concern basis of accounting unles5 the tfuslees either intend to liquidate the charitable comp8ny or lo cease operations. or have no realistic alternative bul lo do so. Audltor's r¢sponsibilitles for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financlal stslements as a whole are tr&e from material misstatement. whether due lo fraud or error. 8nd lo Issue an auditor's report that includes OUT opinion. Reasonable assurance is a high level of assurance bul is not a guaranlee that an audit conducted in accordance with ISAS IUKI wlll always delect a malerlal mlsstalement when il exists. Misstatements ¢an arlse from fraud OT error and ale considered materi81 if. Individually or in the aggregate. they could reasonably be expected lo influence the economic decisions ol users taken on the basis of these finanaal statements. Irregularities, includ5ng fraud. are in518nces of non-compliance with laws and regulations. We design procedures In Ilne with our responsibilities. outlined above, to delect Tnalerial misstalemenls in respect of irregularities, including IraLsd. The extent to which OLJr procedures are cap8ble ol delecling irregularitles, induding fraud, is detailed below. As part of an audit in 8ccordan¢e with ISAS IUK),we exercise professional judgment and malntain professlonal s¢epli¢ism throughout the audit. We also performed the followng procedures.. Enquiry of management and those charged with governance around actual and potential liligation and claims. Enquiry of entity staff in (x)mpliance functions to identify any instances of non-compliance with laws and regulations. Reviewing minutes of meetings of those charged with governance. Reviewing financial slalemenl disclosures and lesling 10 Supporting documentation to assess compliance with applicable laws and regulalions. Auditing the risk of management override of Controls, Induding through testlng joumal enlrfes and other adjustments for approprbatenpss, and evaluating the business rationale of significant transactions outside the nomial course of bLJsiness.
GREEN PASTURES INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF GREEN PASTURES A further description of our responsibilities is available on the Financial Reporting Council's website at.. https-.11 www.fr¢.org.uklauditorsTesponsibililies. This description forms part of o(JT audilo¢s report. Use ofour report This report is made solely to the charitable company'5 members, as a b(yJy, In BCCOTd8nce wlth Chapter 3 of Part 16 of the Cornpanles Act 2006. Our audit work has been undertaken so that we might state lo the charilaile compBny's members those mallers we are required lo stste to them in an auditOT'5 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 Ihe charitable ¢ompany's members as a body, for our audit work, for this report, or lor the opinions we have formed. Leigh Dudlèy FCCA Ise ior Statutory Auditor) For and on behalf of Ellacotts Audit Services Limlled. Ststutory Auditor Chartered Aceountanls Countrywide House 23 Wesl Bar Banbury Oxfordshire OX16 9SA England Dale..
GREEN PASTURES STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD ENDED 31 MARCH 2025 Unre$tri¢ted Restricted funds fLsnds 2025 2025 Total UnrestriGted Restricted funds funds 2024 2024 Total 2025 2024 Notes Income and èndowments from: Donatlons and legacies Charitable activities Inveslrnents Other income 39,208 5,151,490 15.748 3,504 42.712 5,151,490 15,748 11.996 5,163,280 15,688 203,930 21,430 33,426 5,163,280 15,688 203,930 Total income 5,206,446 3.504 5,209,950 5,394.894 21,430 5,416,324 Expenditure on= Charitable activities 4.902.336 3,299 4,905,635 4,760,344 21,430 4.781.774 Total expenditurè 4,902,336 3,299 4.905,635 4,760.344 21,430 4,781,774 Nel Income 304.110 205 304.315 634,550 634,550 Other rècognlsed gain$ and losses= Revaluation of tangible fixed assets 589,834 589,834 Net movement in funds 304,110 205 304,315 1.224.384 1,224.384 Reconciliation of fund5'. Fund balances at 1 May 2024 6.796,191 6,796,191 5,571,807 5.571,807 Fund balan¢es at 31 March 2025 7,100,301 205 7.100,506 6,796,191 6.796,191 The statement of financial a¢Uvilles includes all galns and bsses fecognised in the perfod. All income and expenditure derive from continuing aclivilies.
GREEN PASTURES BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Note$ Flxed assets Tangible assets 13 8,188,322 8,247.861 Currenl assets SIDcks Debtors Cash at bank and in hand 14 15 2,426 110,627 793,360 2,582 342,510 455,018 906,413 800,110 Creditors.. amounts falling due within one year 17 11,676,327) 1282.5761 Net current Illabllitièsllassets 1769,9141 517,534 Total assets less current Ilabllities 7.418,408 8,765.415 Creditors.. amounts falling due after more than one ye•r 18 1317,902} 11,969,224) Net assets 7.100,506 6,796,191 The funds of the charitable company Reslricled income funds Unrestricted funds Unrestricted funds- revaluation 20 205 5,150,494 1.949,807 4.846,384 1,949,807 7.100,506 6,796,191 The financial stRtements were approved by the trustees on JliJ2,: pJo. Mi P Brown Trustee Company 18gislratton number 2180488 (England and Wales)
GREEN PASTURES STATEMENTOF CASH FLOWS FOR THE PERIOD ENDED 31 MARCH 2025 2025 2024 Notes Cash flows from operating activities C8sh generated trom operations 24 728,216 614,388 Investing actlvlties Purchase of tangible fixed assets Proceeds from disposal ol tangible fixed assets Investment income received 1135,7441 168.4801 12,6021 15,748 15,688 Net cash used in investing activitles 1122.5981 152,792) Flnancing activltles Repayment of bank loans 1267,2761 1463.5001 Net cash used In financing actlvities 1267,2761 1463.500} Net increase in cash and cash equivalents 338,342 98,096 Cash and cash equivalents 8t beginning of period 455,018 356,922 Cash and cash equlvalents at end of period 793.360 455,018
GREEN PASTURES NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025 Ac¢ounting policies Charity information Green Pastures is a private company limited by guarantee incorporated in England and Wales. The registered office is Green Pastures Christian Nursing Home, Bath Road. R8nbury, Oxfordshlre, OX16 DTT. 1.1 Reporting period The annual finanaal 51alemenls cover an 11-monlh period from 1 May 2024 10 31 March 2025. This shorter reporting period h8s been adopted lo align with the govemment's financial ye8r, which facilitates (ompli8n wlth government funding reporting requirements. As a result, the comp8rative figures presented in the financial statemenls1Sncluding the related nolesl are not enllrely comparabk. 1.2 Accounting convention The financial statements have been prepared in accordance with the charitable ¢omp8ny's governing docurnenl, the Companie5 Act 2006, FRS 102 "The Finanal Reporting Standard applicable in the UK aTh Republic of Ireland" I'FRS 102,1 and the Charities SORP 'Accounting and Reporting by Charities.. Statement of Recommended PraclS¢e applicable lo ¢harilies preparing their accounts in accordan with the Financial Rewrting Standard applicable in the UK and Republic of Ireland IFRS 1021" leffective 1 January 20191. The charitable company is a Publlc Benefit Entity as defined by FRS 102. The financial statements are prepared in sterling, which is the functional currency of the ch8rllable company. Monetary amounts in these financial slalernents are rounded lo the nearest £. The financial statemen15 have been prepared undeT Ilie hlstDrical cost convention, modified to Include the revaluation of freehold properties al falr value. The principal accounting policies adopted are sel out below. 1.3 Charitable funds Unre51ricled funds are available for use al the discretion of the trustees in furtherance of their charitable objectives. Restricted fvnds are funds whbth are to be used in Bccordance with specific restrlctsons imposed by donors OT which have been raised by the wmpany for particular purposes. The costs of raising and administering such funds are charged against the specitic fund. The aim and use of the restricted fund is set out In the notes lo the finandal slalemenls. 1.4 Income Income is reco9ni88d when the charltable company is legally entitled lo il after any performan¢$ condltions have been mel. the amounts can be measured reliably. and il is probable that income will be received. Cash donations are reLX)gnised on receipt. Other donations are recognised once the charitable company ha5 been notified of the dongtion, unless perfomiance Conditions require defetral of the amount. Income 18X recoverable In relation lo donations received under Gift Aid or deeds of covenant is reeognised at the time of the donation. Legacles are recognised on receSpt or otherwise if the charflable company ha5 been notlfied of an thpending distribijtlon. the amount Is krn, and receipt is expected. If the amount is not known, the legacy is treated as a conlingenl asset. Investment Income is recognlsed when receivable. 13-
GREEN PASTURES NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025 Accounting F>olicie$ (Continued) 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation lo transfer economic benefit lo 8 third party, 11 Is probable that a transfer of economic benefits will be required in setllemenL and the amount of the obligation can be measured reliably. Expenditure is dassified by advlty- The $ts of each acilvity are made up of the lolal of dIrt Costs and shared costs, includlng support costs involved in undertaking each aclivily. Direct costs attributable lo a single activity are 8llocAled directly to that activity. Shared cos15 which contribute lo more than one acllvily and support costs which are not atlribulable to a single 8Ctivily arts apportioned between those activities on a basis consislenl with the usè of resources. Central $18ff costs are allocated on the basis of lime spent, and depreciation charges are allocated on the portion ol the asset's use. Support costs ale those costs incurred dlredy in support of expendlture on the objects of the cornpany. Charitable activities and Govemance costs are costs Incurred on the company's operations, includlng support Costs and costs relating lo the govemance of the company apportioned lo charitable aclivi118S. 1.6 Tangible fixed assets Tangible fixed assets ale initially measured at C0518nd subseqLJently measured 8t CO51 or valualion. nel of depre04atlon and any impairment losses. Depreaalion is recognised so as lo write off the cost or valuation tsf assets less their residual values over their useful lives on the following bases- Land and bulldings Fixtures, fittings and equipment 2%- 20% straight line 10% 50% straight line The gain or loss arfslng on the dlsposal of an asset1s del8miined 8S the dlfference between the sale proceeds and Ihe carrying value of the asset, and is recoonised in the 5tstement of financl81 activlties. 1.7 Impalrment of fixed asset5 Al each reporting end dale, the charitable company reviews the carrying amounts of ts tangible assets to determine whether there is any indication that those assets have suffered an impalrment loss. If any such indicatlon exlsls, the recoverable amount of Ihe a5sel is estimated in order lo determine the extent of the impalrTnenl loss lif any). 1.8 stocks stocks consists of Consumable items lo be used in the provision of services lo residents. 1.9 Cash and cash equivalents Cash and cash equiv81enls include cash in hand, deposits held at call wllh banks, other short-term liquid investments with original maturities of three months or le58, and bank overdrafts. Bank overdiafts are show wthin borrowing5 in current liabilities. 14
GREEN PASTURES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025 Accounting poll¢ies (Continued) 1.10 Flnancial instrument$ The charitable company has elected to apply the piovisions of Section 11 'Basic Fin8ncial Instruments. and Seclion 12 '01hei Financial Inslrumenlslssues, of FRS 102 to all of ils financial instruments. Financial instruments are Tecognised in the ch8rilable compansls balance sheet when the charitable company becomes party lo the conlraclual provisions of the insliument Financial assets and liabililles aTe offset, with the nel amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there Is an intention lo settle on a net basls or lo realise the asset and settle the liability simultaneously. Basic financial assets Basic finanGS81 assets, which include debtors and cash and bank balances, are Initially measured al transaction price includlng transactlon costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement conslilutes a financing transaction, where the transaction is measured al the present v8lue of Ihe future receipts discounted al a market rate of interest. Financi818ssets classified as receivable within on8 year are nol amort15ed. Basic financlal liabilities Basic linancial Ilabililies, Includlng creditors and bank loans are initially recognised al transaction price unless the arr8ngemenl conslilutes a financing transaction. where the debt instrument is measur8d at the present V8lue of the future payments discounted al a market rale of Interest. Financial liabilits.es classified as payable within one year are not amortised. Debt instruments are subsequenlty carried al 8mortised cost, using the effective interest rale method. Trade credilots are obligations lo pay for goods or services that have been acqui18d in IhB ordinary course of operations trom suppliers. Amounts payable are dassrfied as current liabilities if paymenl is due within one year or less. If not, they 8re presented as non-currenl liabilities. Trade creditors are recognised initially al transaction price and subseouenlly measured at amortlsed cost using the effective interest method. Derecognition orrinan¢lal liabilities Financial liabilities are derecognised when the charitable company's contractual obligations explre or are dlstharged or nCelled. 1.11 Employee benefits The ¢osl of any unused holiday entitlement is recognSsed In the period In whl¢h the employee's setvices are ieceived. Termination benefits are recognised immediately as an expense when the charitable company Is demonstrably committed to terminate the employment of an employee or to provide terminatlon benefits. 1.12 Retirement benefits Paymen15 to defined contribution retlremenl benefit schemes are charged as an expense a5 they fall due. 15-
GREEN PASTURES NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025 Critical accounting estlmates and judgements In the application of the charitable company's accountin9 poliues, the trustees are required lo make judgements, estimates and assumptions about the carrying amount of assets and liabillties that are rKIt readily apparent from other sources. The eslimales and 8ssocialed assumptions are based on hislofic81 experience and other factors that are considered lo be relevant. Actual results may differ from these estimates. The estimates and underlylng assumptions are reeWed on an ongoing basi5. Revisions to accountlng estialeS are reco9nised in the period in which the estimate is revised where the revision affe¢ts only that peilod, or in the period of the revision and future periods where the revisi(>n affects both current and future periods. Crltical judgements Revaluation of land and propèrty The charity holds freehold land and property kjsed for eharilable purposes. The property is revalued every three years by an independent. qualified valuer In accoidance with the Royal Institution of Chartered Surveyors IRICSI Valuation Global Standaids. In he intervening years, the trustees review the carrw'ng value of the property lo assess whether there is any indication that the fair value may differ materially from the catrying amount. The decision lo adopt a Irlennial valuation policy requires crftlcal judgement. The Iruslees have considerert the nature and use of the property, the stability of the property m8Tkel in which the charity operales. and the cost- benefi't implications of more frequent valuations. B8sed on this assessment, the irustees believe that a three- year valuation Cycle provides a reliable estimate of fair value without incurring unnecessary costs. If there are significant d)8nges in market cond1tions or evidence of impaiment. an inteiim valuallon may b¢ undertaken. Income from donations and legacies Unrestricted Restricted funds funds 2025 2025 Total Unrestricted Restrfcted funds fund$ 2024 2024 Totsl 2025 2024 Donalions and gifts Grants 39,208 3,504 42,712 11,996 11,996 21,430 21,430 39.208 3,504 42,712 11,996 21,430 33,426 Government grants Grants received totalled £O12024- £21,430). This is recognised as income within reslri¢ted funds.
GREEN PASTURES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025 In¢ome from charitable activitles Unrestrlcted funds 2025 Unrestricted funds 2024 Dirèct carè of elderly resldents Nurslng and dlrect care of elderly resldents 5.151,490 5,163,280 Income from inve$tment$ Unrèstrictèd Unrestrleted lunds funds 2025 2024 Bank interest receivable 15,748 15,688 other Income Unrestrlcted Unrestricted funds funds 2025 2024 Other Income 203,930 There was no other income recognised during the period. In the prior year, other income included a one-off refund of VAT from a supplier, which was considered non-recurrit7g and not related lo the charitable company's core tradlng aclivilies. 17-
GREEN PASTURES NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025 Expendlture on charitable activities Nursing and Nursing and direct care dirè¢t care of èlderly of elderly residents residents 2025 2024 Dlrect costs Staff Costs Other dlrecl tharitable expenditure 3,212,202 280,359 3,010,921 248.995 3,492,561 3.259,916 Share of support and governance costs Isee note Bl Support Governanc 1,383,360 29,714 1,490,599 31,259 4,905.635 4,781,774 Analysls by fund Unrestricted funds ReStrted funds 4,902.336 3.299 4,760,344 21,430 4,905,635 4,781,774 Support costs allocated to activities 2025 2024 staff costs Depreciatlon RecrLJrf(ment Staff uniforms Rates and water Insurance Light and heal Repairs and maintenance P051age and statw)nery Telephone Enlert8inmenl Other charitable expend((ure Governance costs 591,649 197,905 12.489 5,246 18,878 26,127 176,088 85,389 11,714 7,855 14.760 235,260 29.714 576,808 228,826 37.532 6,497 18,895 23.822 175,305 102,722 10,484 8,020 6,093 295,595 31,259 1,413,074 1.521.858 Analysed between: Nursing and direct care ol elderly resldents 1,413.074 1.521.858 18-
GREEN PASTURES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025 Net movement In funds 2025 2024 The nel movement in funds is staled after chargingll¢redllingi'. Fees payable for the audit of the charity's fin8n¢lal slalemenls DepreStion of owned tangible fixed assets 11,350 197.905 10,500 228.826 10 Trustses None of the trusle&s lor any persons connected with them) Tec*lved any remuneratlon or benefits from the charitable cornpany during the period12024- none). During the year. no Trustees received any relmbursemenl of expenses12024 - none}. 11 Employèes The average monthly number of empknyees durlng the perfod has been 18bled below. 2025 Number 2024 Number Trained staff Care as51stanls Support staff 20 76 18 15 58 28 Total 114 101 Employment costs 2025 2024 Wages and salarfes Soaal security costs other pensK)n costs 3,413,496 310,998 79,357 3,238,077 271.759 77.893 3,803,851 3,587.729 Redundancy and termination payments lolalling £0 12024 £48,509) were rnade in the reporting period and are included within wages and salaries. The lolal remuneration pald to key managernenl personnel in the year was £328,29012024- £251.1691. The number of employees whose annual remuneration w8s more than £60,000 is as follows.. 202S Number 2024 Number £60,001 Lo £70,000 £70,001 to £80,000 £90.00110 £100,000 J9-
GREEN PASTURES NOTES TO THE FINANCIAL STATEMENTS {CONTINUED FOR THE PERIOD ENDED 31 MARCH 2025 11 Employees (Continued) Of the employees whose emoluments trxceed £60,000, 3 12024= 21 have reliretnenl benefits accruing under e money purthase pension schemes. 12 Taxation The charity is exernpl from taxatlon on Ils activItS bg¢ause all ils income is applietl for charitsble purposes. 13 Tangible fixed assets Land and buildings Flxture5. fittings and equipment Trjtsl Cost or valuation Al 1 May 2024 Additions Disposals 8,240.000 854,902 9.094,902 135.744 135.744 1141,9971 1141,9971 Al 31 March 2026 8,240,000 848,649 9.088,649 Depreciation and impairment Al 1 May 2024 Depreuation charged in the perfod Ellmlnaled In respect of disposals 125.407 131.816 721,614 847,021 66,089 197,905 1144.5991 1144,5991 Al 31 March 2025 257,223 643,104 900.327 Carrying amount At 31 March 2025 7,982,777 205,545 8.188,322 AI 30 April 2024 8,114,593 133,288 8,247,881 Al 31 March 2025, h8d the revalued assets been carried al historic cost le&% accumulated depreciation and accumulated impairment losses. their carrying amount would have been approximately £6,023,533 12024 £6,164,786). All tangSble fixed a5se15 are used for charitable purposes. The gross cost of land upon which depreciation Is not being provlded Is £1,050,00012024- £1,050,0001- An extetrial valuation ol the freehold land and buildings was carried out by Christie & Co, Chartered Surveyors on 1 August 2023. on the basis of market value with vacant possession. Freèhold18nd and buildings with a carying amount of £7.982,777 have been pledged to secure borrowings of the charlly. The charity is not allowed to pledge these assets as security for other borrowings or to sell them to another entlty without the lenderfs perThission. 20-
GREEN PASTURES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025 14 Stocks 2025 2024 Finished goods and gIlS for resale 2,426 2,582 15 Debtors 2025 2024 Amounts falllng due WFthln one year.. Trade debtors Other deblors Prepayments and accrued income 59,213 1,201 50,213 78,212 2,978 261,320 110.627 342,510 16 Loans and overdrafts 2025 2024 Bank loans 1,769,224 2,036,500 Payable wilhln one year Payable after one year 1,451.322 317.902 67.276 1,969,224 A debenture dated 21 September 2011 created a fixed and float1ng charge over Green PBslures' assets and a legal charge dated 21 March 2016 over18nd al Bath Road. B8nbLJry. Each was granted by Green Pastures in favour ol Viigin Money. wilhoul limib'ng the generality of such leg81 charge of debenlLJre lo secLJie all sums due lo Virgin Money. A Business Loan was taken out in February 2018 tor a total of £4,494.000 frorn Virgin Money. A further £131,000 was added lo this on 21 February 2019. £1,769,224 of these loans was still outstanding al the year- end. Interest pald on bank loans during the year amounted lo £118,377 {2024 - £161.6471 and Is Included within expenditure on charitable activities. 17 Creditors: amounts falling due within one year 2025 2024 Notes 8ank loans othei taxation and social security Trade creditors Other creditors Accruals and deferred income 16 1.451,322 75,423 54,221 1,247 94,114 67,276 71,853 37.983 1.816 103,648 1,676,327 282.576 21
GREEN PASTURES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025 18 Creditors: amounts f8lllng due after more than one year 2025 2024 Notes Bank108ns 16 317,902 1,969.224 19 Retirement benefit schèmes 2025 2024 Defined contrlbution schemes Charge to profit or loss in respect of defined contrlbullon schemes 79.357 77,893 The charitable company operates a defined contrfbulion pension scheme for all quglifylng employees. The assets of the scheme are held separately from those of the charitable company in an independendy adrninistered fund. 20 Restricted funds The restricted ftjnds ol the ¢hafity comprise the unexpended balances of donations and grants held on trust subject lo specrfic ¢ondllions by donors as lo how they may be used. At 1 May 2024 Incoming resources Resources At 31 March expended 202S Staff fund 3.504 13,2991 205 Previous year.. At 1 May 2023 Incoming resources Resources expended At 30 April 2024 Workforce Recruilmenl and Retention Grant Digltal Soclal Care Grant 11,230 10.200 111,2301 110,2001 21.430 121,4301 Workloree, Recrultmènt and Retention Grant The Workforce. Recruilmenl and Retention Grant was also provided by the local authority lo fund expendllu on recruiting and retraining staff lo with capacity pressurÈs. It is matched by equivalent expenditure for addition81 overtime paid to staff, as agreed with the grant provider. Digital Soclal Care Grant The Digital Soaal Care Grant was provided by the local aulhoAty to provide financlal support lo purchase 8 digital sooial care record and support the implementation of the pijrchased system. Staff Fund During the year donations were made by the resldent's family lo lund expenses related lo staff apyeciation for thDse caring for their loved one. -22-
GREEN PASTURES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025 21 Analy515 of net assets behveen funds Unrestricted funds 2025 Restricted funds 2025 Total 202S At 31 March 2025.. Tangible assets Current assetsllliablliliesl Long term li8billts-es 8,188.322 1770.1191 1317,9021 8,188,322 1769,9141 1317,9021 205 7,100,301 205 7,100.506 ijnrestricted fvnds 2024 Rèstrlcted funds 2024 Totsl 2024 At 30 April 2024.. Tangible assets Current assetsllliabililies) Long tsrm liabilities 8,247.881 517,534 11.969,2241 8,247,881 517,534 11.969,2241 6.796,191 6,796,191 22 Operating lease ¢ommitrnents Le$see Al the reportlng end date the charitable company had outslandlng commilrnents for future minimum lease payments under non-cancellable operalirjg leases, which fall due a5 follows.- 2025 2024 Within one year Between two and five year8 2,687 1,469 971 728 4,156 1,699 23 Related party tran$a¢tlon$ There were no disc5osable related party transactions during the period12024- none). -23-
GREEN PASTURES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025 24 Cash generated from operations 202S 2024 Surplus for the period 304,315 634,550 Adjustments for: Inveslmelll income recognised in slalemenl of financlal activities Depreciation and impairment of tangible fixed assets 115,7481 197,905 115,688} 228,826 Movement5 in working capltsl: Decreasellincreasel in stocks Decreasellin¢rea8el in debtors Incre8sellde¢reasel in credltors 156 231.883 9,705 1751 {167.9921 165,2331 Cash genèrated from operations 728,216 614,388 25 Analysls of ¢hanges in net Idebtllfunds At 1 May 2024 Cash flows Other non-cashAt 31 March 2026 changes Cash at bank and In hand 455,018 338.342 793,360 Loans falling due within one year Loans falling due after mre than one year 167,2761 11,969,224} 267,276 11.651,3221 11,451,322) 1.651.322 1317,9021 11.581,4821 605,618 1975,8641 -24-