ChaTIty ro918tr4ilon nUm￿r 299766
Company reqlstrallon number 22206641EnglarMI and W•lo•1
VALE HOUSE OXFORD
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

VALE HOUSE OXFORD
LEGAL AND ADMINISTRATIVE INFORMATION
Tru$tae¥
Er L Quested (Chairf)
John Bameby
Jill Bradbey.
Robert Foster
Ben (kndger
Neil Maonlosh
Ru[￿rt Mcshane
Justin Moore
Catherine Oppenhginw
Mwy Clathe
(Appoin￿ 23 May 2023)
Secretary
D￿￿e Gardner
Ch•ffty number
2997
Co￿￿nY number
Regi5ter8d offic•
e House
Littlemore
Oxfordshire
OX44XL
Audltor
Crilthleys Audit LLP
2>38 Hythe Bridge Street
Oxford
OX12EP

VALE HOUSE OXFORD
CONTENTS
Pag¢
Trustees. report
Statement of Irusl¢o$' ￿SPOnSIbl11￿e$
Independ8nl audttorfs report
Slatemènl of fin8nclal actlMlSe8
Balance Bheel
stalgmenl ol cg$h flow$
10
Notes lo the finBndal statamenls

VALE HOUSE OXFORD
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees present thelr report and flnanelal statemenlg for Ihe year èndèd 31 March 2024.
The finanrial statements have been prepared in accordance with the accounting policies set out In note 1 to the
ffinancial slalements and comply wllh the charlly's governing document, the CompanSes Act 2006 and Accounllng
and Reporting by Charitiès,. Statement of Recommended Pradice applicable lo charities preparing their accounts in
accordance with the Flnancial Reporting Standaid applicable in the UK and Republic of Ireland IFRS 1021 {0ffecliv8
1 January 20191.
Oblo¢th1•s and actl¥lllo¥
The Charity's objects are specAficalty r8slricted to the following..
To caro for poople wSlh dements'a however 8$vere or compllcaled;
To support the familles of tho resldonls.,
To particlpale In research lo better understand the causes and trealm8nl of all typ&s of dementig.,
To teach th8 skills requlred for the care of dgmenlla and reach out lo the ￿der community lo promote be8t practlce,.
To dgvelop an outreach service for support of famllies camng for relauves with dementSa.
The pollc188 adopted In furtheranc8 of Ihese objects are In accordance with Be$1 Pfactsce and there has bogn no
change in the8e during the year.
The Truyleey have pald due regard to guldance i8sued by the Charity Commission in d￿ldIng what a￿VitIeS Ihg
Charity should undertake.
Achl•v•m•nts and prfomian¢•
Our senlor management leam comprislng of Head ¢1 Home, Lysbelh Weeks, Clbnical Manager, Jo Gambrell and
Finance Manager, John Rlchard80n have all worked exlrernely hard to malntaln our hlgh ytandards, supported by
the whole staff group al Vale House.
The leam and our excepllonal staff conlinue lo woTk lo ensure that our reBldents reC*￿e excellent care, are kept
5af8 and that a range of activrfies including art and muBlC therapy are made available and accessiblg lo Ihgm. The
Home Is currently fully staffed and recrultmont Is focusod on staff from within thè United Klngdom. However,
recrultment of staff femalns difficult., in particular, with regards lo the dglayo(I Issu¢ of C¢rtlficale6 of Sponsofshlp.
The t6am are eommillod Improving $1gff r¢l&nlion 8nd with full slaffing. Ihe reliance on agency staffing is reduced.
Support lor famili8S is a defining characlerfsllc of Vale House and w& hava 8 family support team who are
committed to supporting thè family and fri8nds of each new resident. The team will slay in touch with the relatives
lor twelvè months aftèr thè rasidènl dies, supportlng thom through their bereavement.
Vale House was in8pected in Juty 2021 by the Care Quallly Gommission ICQCI and has recelved a rallng of
'Good'.
Vale House is currontly takong part In thè tr8inin9 01 students who wlll avenlually work In dementia care. It 55 also
taking part in research al a nattonal level lo Improve dementia Care including through the Care Home Research
Nefvlork and collaboration wrth Oxford Brookes Unlversily. We lake nursing student5 on placement from Oxford
Brookes University. and we have a good reputation within the University as providing an excellent learnlng
environment. Thi5 year we are taking an Occupats'onal Therapy IOT) student on placement.. thi$ will b¢ the first limo
that 8n OT student has been placed wlthln a care home durtng thelr tralnSng.
FIMn¢lal revlow

VALE HOUSE OXFORD
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARGH 2024
11 is the policy of the Charity that unrestricled funds which hava not been d8signat9d for a specific use shoukl be
maintained al a level equivalent lo betsveen three and six month's 6xp8ndilure. The Trustees consider that reserves
al this level will ensure that. in the ev&nl of a significant drop in funding. they will be able to continue the Charity's
current activities while ￿nsideratIon is given lo ways in which additional funds may b8 raised. This level of reserves
has been maintained throughout the year.
A cautiOUS, Sustainable investment plan has been entered into ¥Mlh Handèlsbanken Wealth and Asset Management
(forrnerfy Heartwood Inveslmenl Brokers) as part of the lon9 term strategy for funds which are not retained to meel
the ongoing working capital requirements of the Charity.
The Trustees have assessed the major risks lo which the Charity is exposed, and are satisfied that sy¥lems are in
plac& lo miligal8 exposure lo Ihg major risks.
Stru¢tur•i govomance and management
The Charity is a company limited by guaTanlee and has no share capital. 11 is govemed by its Memorandum and
Arti¢les adopted on 2nd June 2016 and is registered as a charity with the Charity Commission. Anyone over the age
of 18 c8n become a member ofthe Charity and there are currently 10 members12023'. 12 members).
The Trustses, who ar8 also the directors for the purtK)se of company law, and who serv8d during the year and up lo
the date of signature of the finanfy81 ststemènts were..
Dr L Quested (Chair}
John Bameby
Jill Br3dley
Helen Carter
Robert Foster
Bèn Goodger
Neil Macintosh
Rupert Mcshane
Justin Moore
Calh8rine Oppenheimer
Damian Payne
Mary Clarkè
(Resigned S OCto￿r 2023)
(Resigned 13 March 2024)
(Appointed 23 May 20231
èn thè need to appoint another TTuslee arises, suitable candidafes are interviewed by the Chalr together with
another Trustee and the appointment ratified by the Board.
None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company
arKI guarantee to contribute £1 in the event of a winding up.
Th8 Trustees have been responsible for all aspects of running Vale HoLJse Oxlord. The Trustees met, wrtually, 6
limes during the year and these meetings also involvèd the Registered Manager, the Clinical Manager and the
Treasurer. A Trustees strategy meeting was held In Novgmber 2023 and the strategy for the Home approved until
2027.
Thg Trustè8s have delegated 8ofTTO powers lo sub commitfees. The Finance and General Purposes committee
deals with certain financial, compliance and non-care issues. and the Care and Qualty commtttee deals with certain
Care and qualty issues, compliance and the care sid8 of the Home. Both of these committees are ullimat8ty
responsible lo the Trust￿s.
Al the time of their appointmènt, Trustees are given full info￿natTon in respect of the Charrty, as well as a detsiled
briefing in respect of the various legal regulations governing the activty of the Home. In addition. Twslees are
a(fvised on their own responsibilities as Trustses.

VALE HOUSE OXFORD
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
All trustee8 give their tirng frgely no Truslge renwrwatim was paid in the year. D•tsils of Trvstee 8xp8ns8s and
related party transactions are disclosed in note 10 ofthe atsx&unts. The TnJst8ès arè Tequir8d to disck)se all relèvant
interests and ki accordanc£ ￿th the charrty's pclicy withdraw from deos•)r¢s where a conllK* of interest arises. The
policy on Trustees, interests ts set out in the ¢hariVs finarril proc*dures manuaf and a r8gisteT of interests 15
maintained by the charity.
The remuneration of th8 R8gislgred Manager. F￿ance Manager. cThni￿ M8nager and th8 Treasurer are rovth¥ed
annually and iniyeased to gnswe Ihat is fair and in line with simlar robes in the sector.
The cornpany's ojrrent pdiGy concerning Ihe payment of trat1e fJeditors is to frAl¢x thg CBI'S Prompt Payers Cc*Je
14
(copie$ are available from the CBI. Centre Point. 103 Ne* Oxford StreeL London K1A 1 DU).
The ¢x)mpanYs Current kKAicy ￿nCernIng the pay￿￿nt of trade credrtors is lo..
settle the tems of paymènt with suppbèrs when ag￿ng the ternis of each transxknn:
ensure that suppliers are made awa￿ of the tèmis of paymant by Indu￿on of thè rolevant temis in o)ntracts;
and
. pay in accordan￿ ￿lti Ihe ￿mpan￿S Con1￿ and olher legal ot4vJabMs.
Trade creditors of the wnpany al tho year ond warg eqUNalent to 17 days purchases. based on the averaae daity
amOL￿1 in¥otid by ￿p￿(er$ (luring the year.
Audltor
In 8￿rdance wth Ihe companls arbcles. a resolution proposww thai Crlthleys Audil LLP be rgappointed as
auditor of thè company be put at a General Meeting.
The Irustees. report was approNEd by the Board of Trustees.
Dr L Quested (Chairl
Tru8t••

VALE HOUSE OXFORD
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2024
T,he Trustees, who are also the directors of V8le House Oxford for the purpose of company law, aro respon$lblo for
pr&paring the Trustees. Report and the financial slalements in a¢cordanee with applicable law and Unile(I lfjngdom
A￿O￿ntIng Standards {United Kingdom GeneraltyAccepled Accounting Pra¢Aio%l.
Company Law requires the Twstees lo preparè financi81 stat8ments for èach financial year which give a true and
fair view of the stale of affairs of the Charity and of the incx)ming re80urces and appllcalion of resources, including
the I￿OMe and expenditure. of thg charriable company for that year.
In preparing these financial 8tatewn8nls, the Trustees are required lo..
-'select suit8ble am)untSng polici8s and then apply them oon$islentty,-
-iobserve the methods and prinaptes in the Charities SORP.,
- make 5udgements and estlmates that aro reasonable and prudent",
' slate whether applicablo UK Accounting Standards have followed, subject to any material departUTes
disdosed and explained in the finanaal statements.. and
', prepare the financial statements on the going concem basis unless it is Snappropriate to presume that the Charity
will continue in operation.
Th8 Trustees are responslble for keeplng adequate accounllng records that dSsclose wllh Teasonable a￿la¢Y at
any lime the finanaal posrtion of the Charity and enable thèm to ensure that the financial slalemenls comply with
the Companies Act 2tKK. They are also responsible for safeguarding the asset5 of the Charity and hence for tsking
ieasonable steps for the prevention and detectioft of fraud and other iffegularitie8.
In 80 far as the trustees are aware:
-,there is no relevarrt audit informab'on of whth the GhaTitable companvs auditor is unaware.. and
- the trustees have taken 811 steps thet they ought to have tsken to make themsefves aware of any relevant audit
infomiatTon and lo est8bli8h th8t the audiitir is awarè of thal.infermalion.
Th& trustèès ara rasponsibl8 for th8 maintenance and integrity of the corporate and financial information induded on
the Charitable companls websf(e. Legislation in the Unlled Kingdom goveming the preparation an¢J dlssemination of
finawal stsloments may differ from legSslation In oth9r lurisdicbons.

VALE HOUSE OXFORD
CRITCHLEYS
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF VALE HOUSE OXFORD
Opinion
have audited the ststemenis of V* House Oxtord lthe 'Chartty) for the year ended 31 March 2024
whith comprise the statement of financaal activitiès. baLance sheet. the stslemenl of cash flthys and notes lo the
finanrAal stslements. induding sWJnif￿nt ac£ounting policies. The finar¢c4al reporting framework that has been
applied in their preparation is applirable l¥w and United lfjngdom Accwntin9 Standards. induding Financial
B8POrting Standard 102 The Financial Repoth"ng S￿￿8￿4 $pW￿8bl￿ in rhe UK and R&puhli¢ of I￿land (Unrted
Kingdom Generalty Ac￿pted Ae£ounling Practr£).
Iri OLY opinion. the financlal staterne￿:
give a true and fair wew of the state of the charitablè companys affaits as at 31 Mard) 2024 and of ils
incoming resources and appli(*lion of ies(wrrx, for the year thèn ended.,
have been propedy prepared in a(￿rdat￿ with United lQngdom Generalty Accepted Ac£ounting Pradt¢e'.
and
have been wepared in 8CA))rdarTh with tho r￿1[ements ofthe Companies Act 20C6.
Basis for oplnlon
conducled our audrt in aCc￿darKe with International Standards on AudrtirKJ {UK) (ISAS (UK)) and applicable
18w. Our responsibilities under those $tsndard$ are further ¢Jesuibed in the A￿Orfs resw)nsii¥7ilies for the audit of
the fin8nthal statements sè(*"on of our rewrt We are independent of the Charity in aC0)rdan￿ with the ethical
requiTernen15 Ihat are relevant lo our audit of the finanua stslements in the UK, induding the FRC'S Ethical
Stsndaid, and we have fulfilled our other ethical responsibilit￿$ in a(xx)rdance with these ￿QU1￿ments. We belie
that lh8 audit e￿denc* we ha￿ obtairRd is suffic￿1 arvj appropriate to [￿O¥Ide a basis foi oplnion.
Conclusion8 velating to going Co￿¢M
In audlting th6 financial slatements, we have conduded. Ihat the trustees. use of ihe going ￿nc¥M basi5 of
counting in the preparation of the finanaal statements is appropriate.
Basod on the work we have [￿rrned, Y￿ haNp not ￿entified any material un(*rtainties reL4ting to av•nls or
Ix)nditions that. indmdually or colleth"vety, may cast swJnificant doubt on the Charity's 8bity to continue as a going
ncAm for a perK¥J of at least ￿efve months from when the finan0& statsmenls are authorised for issue.
Our responsibilities and the resFKn8ts1ities of the Truslees with resp9¢1 to g¢xng ¢1)n￿M destribed in the
ro18vant sections of thÉs reporL
Oth•r Infomiatlon
T,he other information comprises the ry)fL%mation induded in the amual rew)rt 0th8r than Ihè financial slat8m&nts
and our audTiorfs report Ihereon. The Trustee5 aTe responsible for the other information ¢y)ntsined within Ihe annual
report. Our opinion on the finan(#al stslements d¢*s nol ¢ovgr the other infom)alon and we do not express any form
of assurance Conclusion lhe￿On. Our ￿spO￿bilitY is to read the other information and. ￿ doing so, consder
whet￿r thè other infomation is materialty inconststent with the financial stalemenls or our knowledge obtsined in
ItE course of thè audit. or othemse appears to be materiali¥ misslated. If we identify such materi85 incor￿lStenCieS
or apparent mat8rial misstatements. we are required to delennine whether this gives rise to a material mi&stalement
in the financy￿ ststernents themselves. If, based on the work we have perfomied. we condude that theTe is
materiaj mi88tatement of this other informatK)n. we requir￿ to rewl that fa¢L
We have nothing lo report in Ihls regard.
I￿atterI on which W￿ afv reqwred io rnport by èxcèption
We have nothing to report in reSFed of the fOlkn￿n9 matt¢rs in relalion to whth the Charilie$ (Accounts and
Reports) R8gulatv)ns 2CI)8 require us to report to you rf. in our wnion:
the infonnation given in the financial statements is inCon￿sterrt in any m8tell￿ ￿SpeCI wth the truslaes,
rèwrt.. or
sufficient acwunliThJ re￿rdS havè not bèen képt: or
the financk91 stslements are nol in agreement with the accounting r8cords,' or
we have not received ￿1 the information and explanations we require for our audrL

VALE HOUSE OXFORD
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF VALE HOUSE OXFORD
RMpon¥lbtlttl￿ of Tiu•ts•$
As explained more fully In the 61atemenl of trustees, responsibil￿08, the Trustees, who are also the dirfjdors of thg
Charity for the purp08e of Company taw. are responsible for the preparation of the financial stat8ments and for being
satisfied Ihat they give a true and fair view, and for such internal control as th8 Trustees delermlne is nece88ary lo
enab18 iha praparation of financial stalam8nts that ara frè& from materlal mlsslatemenl. whether due to Ifaud OT
error. In preparing the financiBI statements. the Trustees are responslbl8 for assessSng the Chailty'8 abillty lo
onlinue as a going concern. disdo$ing. as appllcablg, matters r8lal&d lo gobng concein and using the golng
concern basis of accounting unle8S the Trusts88 eithèr intend lo liquidal8 the charitable company or lo cease
OP8rallon8, or have no rèallstlc allernalive but to do so.
Audltorfj ro•ponslbllltl•• for tho audlt of th• ftnanelal Bt•t•m•nt•
We have been appointed as aud¢tor under s6clion 144 of the charl￿85 Act 2011 and report In accordance whh Iha
Act and Televanl regulatlons made or having effect thereunder.
Our oblectlves are to obtaln rgasonable assurance about whèthèr the financaal glalemenls as a whole are free from
malerlal mlsslalement, whether due lo fraud or erroT. and 10 158ue an 8udrtorf¥ fgport that include¥ our oplnlon.
Rea8onable a88urance 18 a high level of assurance bul Is not a guarantee that an audit conducted In accordance
with ISAS {UKI will always detect a material mi$stat¢m¢nt whèn 11 gxlsts. Missl¥l&ments can afise from fraud or
8FTor and arg considar9d matèrial if. indtvidually of In Ihg aggrggalg, they could reasonabty be •xp6ct8d lo influ8nc8
Ihg economlc decl8lons of users taken on the basls of these Ilnandal Stslements.
Thè 8xt6nt to whlth our procedurès ar6 eapabi8 tsf dèt8dlng irrègulariti&6. Includlng fraud,1s detallgd below.
Our approach to Idenllfylng and asBesslng the rtBk8 of malerial mi881alemenl in respgcl of irrogul8rltles, Indudlng
fraud and non40mpllancè wllh laws and rogulatlons, w88 a¥ follows..
the engagement partner ensured thal thg engagomenl team collgctlvely had the appropilale competence,
capabllitle8 and 8kllls lo Id&nlfy or recognise no￿¢t)MplIsnet with appfj¢able laws and Tegulalions..
we Idenllfled the laws and regulallon8 applicab￿ lo the company through dlBCJJB81on8 wllh dlrectOT8 and
othei managemenl. and from our knowl8dg8 and 8XP8rience'.
wè focusad on spe¢lfl¢ I￿$ and wulatlons whkh we ojnskjered may have a dlT•Ct mat•rial •hct on lh•
fin8nd818tat8ment8 or th8 opèrdtions of thè company.
we assassad th8 8xt8nt of cornpllanco wSth th& laws and regulations identrtled above through maklng
8nquirlBB ol management and inspecllng legal correspondenc& wher& appllc8bl8,' and
idonlifigd Igws And T8gul81ion8 wgrg communlcoled wilhln the gu¢Jlt team regularty and the team remained
alort lo Inslancg6 ol non-compllance throughout the audlt.
8¥8essèd the 8ugeeplibllty of the comp8ny's financ￿1 Statements to mateiial misslatemenl. Including obtaining
an understsndlng of how fraud mlghl ¢xcur. by..
making enquiries of management a8 lo where they rLJnsidered thor9 was su3￿pIlb1llty to fraud, their
kn￿edge of actual, suspected and alteged fraud-,.
consldertng tho Intemal controls In place lo mlligate rl8ks of fraud and non-compliance wlth 18W8 and
regulalion8', and

VALE HOUSE OXFORD
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TOTHE TRUSTEES OF VALE HOUSE OXFORD
To address Ihe risk of fraud through management bias and override of controls, we:
porfomied anayyb'cal procedures to identify any unusual or unexpeded reL8lionshlps'
lesled joumal entrie8 10 identify unusual transactions:
assessed whether judgements and assumptions made in determining the accDuntiny e51imales were
indicative of potential bias., and
investigated the ration810 behln(I slgnificant or unusual transaclion$.
In response to the risk of irregul8rthes and non-¢omplianee with laws and ragutalions, we desSgn8(I procedures
which induded. but were not limrted lo-
agreeing financial statement disclosures lo undertying supporting documenlatron..
reading the rninule8 of meetings ofthose charge(1 with governance.
enquiring of rnanagefflerrt a8 lo actual and PDtenlial litigation and daims,.
reviwng r818vant corr8spond8nce.
The￿ are inherent limitations in our audit prO￿dureS described above. The more removed that laws and
gulalions are from financial transacbons, th8 less likèly il is th81 we would become aware of non-r￿mplianCe.
Auditing slandaf(Is also limit thè audti proceduras required.to id8ntify non-compliance with laws and regulations to
enq5Jiry of the director5 and other management and the insp.e¢Aion of regulatory and legal corrospondence, if any.
hllalerial misstatements that arise due to fraud can be harder lo delect than those that arise from eiior 88 they may
iyvolva dalibarate concealment OT collusion.
A further descrfpllon of our responsibilit108 18 available on the Financial Reporbng Council's website at.. https'.11
bvbvw.frc.org.uklaudltor8re8ponslbllliles. Thls desctlpllon fonns part of our audRo¢s report.
Use of our r•port
This report Is made solely to the charity's iruslees, as a body. in accordance ￿th part 4 of the ChaTlties (Accounts
Ond Reports1 Regulations 2008. Our audit work has been undertaken so that we might stale to the charity's trustees
tEwxe matters we are required to slate to them in an auditorf8 report and for no other purpose. To the fullest extent
pomiitted by law, we do not accept or assume respon&bility to anyone other than the charity and tha charlty's
tnjstèès as a body, for our audit work, for this report, or for the opinions we have formed.
Robgrt Klrtland IS*nior Statutory Auditor)
for and on behalf of Crftchleys Audlt LLP
2911012024
Chartered A¢¢ounlants
Statutory Audltor
B8av&r House
2M8 Hythe Bridge Street
Oxford
OX1 2EP
Critthleys Audit LLP is eligiblo for appointrnent as auditor of the Charity by virtue of its eligibilty for appointment as
auditor of a company under 8e(aion 1212 of the CompaniesAct 2006.

VALE HOUSE OXFORD
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrestrlcted Restrlcted
funds
funds
2024
2024
Total Unrestricted
funds
2023
Reslricted
fvnds
2023
Total
2024
2023
Nots
Income from:
Donations and legactes
Charitsble actiwlies
Investments
12,579
2,951,622
13,668
3,000
15,579
57.256
2,951,622 2,730.576
13,668
2.849
57.256
2,768.227
2.849
37,851
Totsl In¢ome
2,977,869
3.CK)0 2,980,889 2.790.681
37.651
2,828.332
Ex
Fundrai$lng ¢osts of
granls and donations
216
216
216
216
Operation of Care Homé
2,756.160
232,530 2,988,690 2.459.874
270.902
2,730.776
Total gxpgndlturn
2.756,376
232,530 2,988,906 2,460,090
270,902 2,730,992
Net gainslllosses) on
investments
12
7.464
{30.203}
(30,203}
Net movement in funds
228,957
(229,5301
1573)
300.388
(233,2511
67,137
Fund balances at 1 Aprbl
2023
4,099,937
483,352 4.583,289 3.799.549
716.603 4.516.152
Fund balanc￿ at 31
PAar¢h 2024
4,328,894
253.822 4,582,Y16 4,099,937
483,352 4,583,289
The statement of financA￿ actNities indude8 all gains and losses recognised in the year.
The statement of financAal activities indudes all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.
Tha statèm6nt ol financial 8Ctivities also complies with lh8 rèquiremants for an incom• and 6xpèndrturè account
under the Comp8nigs Act 2006.

VALE HOUSE OXFORD
BALANCE SHEET
AS AT31 MARCH 2024
2024
2023
Flxed a$$•ts
Tangible asse18
Investments
14
15
3.397.331
350,031
3.S98,591
342,567
3.747,362
3,941,158
Current auets
Dèbtors
Cash 8t b8nk and In hand
16
64,223
1.035.389
95,937
737,739
1.099,612
833,676
CrndttoT•: amounts falllng du• T￿thIn
on• year
17
(264,2581
(191,5451
N•t currnnt ass•ts
835.354
642,131
Total amets h•• currnDI Il•bllltE••
4.582,718
4.S83,289
N•t •¥•et• oxcludlng ￿nSIOn Il•blllty
4,582.716
4,583,289
The fund• of th• Charlty
Reslrlcled income funds
Unreslrietèd fund$
19
253.822
4,328,694
483,352
4,099.937
4.582.716
4,583.289
The company is èntiued to thè Sxemption Irom th& audit requirement contained in s8clion 477 oflhe Companies Acl
2C4)6. for the year ended 31 March 2024, athough an audi( has been carrEd out under sectlon 144 of the Charitie8
Ad2011.
The directors acknovAedge thelr regpon8ibditie8 fof ¢wptylng wrth tho requirements of Ihe Compenle5 Act 2006
th respecl to actsjunling records arKI the prep¥ratkJn of finanool statomgnt$.
The rnembers have not requlred the company lo obtawi an audil of tts finanaal slatements under the rnquirements
of the CompaniesALt 2CK6, for the year in questKM *) a¢¢ordan(* ¥￿th wtion 478.
These finanrial slalements hav8 been prepared in accordanc* with thè prN8ions applicab￿ to companles subhgct
to the smaN companigs wima.
The financoal 81al&menls were approved by Trust88s on ..........
Dr L Quested (Chairl
TNstee
Company regtstration number 2220564 (EngLgNI and l•*les)

VALE HOUSE OXFORD
STATEMENT OF'CASH FLOWS
FOR THE YEAR ENDED 31 hlARCH 2024
2024
2023
Cash fl¢iws frnm op9ratlng actlvltl
Cash generated from operations
23
312.252
306,033
Investing activities
P.urcha5e of tangible fixed asse15
Irbveslrnenl income received
128,2701
13,668
136,0411
Plet cash ￿ed In Investlng acllvltles
114.602}
(33,1931
N•t cash us•d in financing activiti08
Net Incr￿8• In cash and cash oqulvalgnts
297,650
272,840
Cash and cash equivalents at beglnning of year
737.739
464,899
C•$h and tash •qulvalènts at•nd of y￿r
1,035.389
737.739
10-

VALE HOUSE OXFORD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Aceountlng polici•s
Charlty Inf0M￿tion
Vale House Oxford is a prNate company limiied by guarante8 Inrx>rp￿ated in England and wa￿$. The
registered office is Vale House. Sandfotrl Road. Liluemore. Oxtord. Oxlordshire. OX4 4XL.
1.1 Aeeountlng convention
The financAal statements have been prepared in agJ)rtsn(* wilh the Charit￿S Memorandum and Articles of
AsS￿abo￿, the Companies Ad 20C6 and -Aozounting and Reporting by Chaiilies." Statement of
Rècomm•nded Practi￿ apF4icabk to Charit￿ preparing their aczzjunts in accxjrdanre with the Firtanty81
RèFx)rbng Standard applUb￿ in the UK and Republic of IrelaTrJ {FRS 1021 {efferaive 1 January 2019).. The
Charity is a publ￿ Banefft Entity as defined by FRS 102.
The financi￿ statements are prepargj in stsrfing. whid) is the functional cuThew of the Charity. Monetary
ounts in these finanual statements are rounded to the nearest £.
The finandal statements have been prgpared the historica cost convention. modrfied to indLhJe the
revaluation of Ireehokl pmpertiès and to indude investment pyerties and certain fmancAal instruments at faiT
value. The prin¢Ap￿ accounting policyes adopted a￿ set out betow.
1.2 Golng ¢on¢em
Al the time of approvin9 th8 financial statements. the Twstees have a reasonable expec*ation that the Charity
has 8dequale reSoU￿S to witinue in ¢)perational èxistence for the foreseeable future. Thus the Trustees
ontynue lo adopt the going ba&s of a(xxwnling in K*eparing the fy)8n(y￿ ststements.
1..3 Charitable funds
Unrestricled funds are availal)le for us8 at thsuotion of thè Trustees in fiJrtheran￿ of theiT charitable
objectives.
Restricted funds are subied to speafic conditions bii donors or gTrntoTr as to hTh¥ thoy may be Us￿. The
purposes and uses of the restricted fijnds are set OLrt in the rbotes to Ihe finarrial slalemerrts.
frA Incom•
In¢ome is re¢ognised when the Charity is lega]ly entitted lo it after any perfoTmance conditions have been
met. the amounts Can be measur&J re￿abty. and it is wobable that income V4ill be received.
Cash donations are reo)gnised on Ter￿p1. (Aher donations are recognised On￿ the Charity hag beèn nobfied
of the donation. unless performance conditions require defeTral of the arnounL In￿me tax rèCOwrab￿ In
relation to donations receNed under GrftAid or deeds.of t>)venant is re¢ognised al the tim¢ of donat￿n.
Legacies are rec(yJnised on ce(*ipt or 0￿￿￿7$0 rf the Chorty has begn notifiod of an impending.distribution.
the amount is knvwn. an(i recetpt is expeLXed. If the ￿ol￿rt is not knvymn. ￿gacY is lrnat8d as a
e4Jntingenl asset
1.6 Exwndiiur•
l expendiiure is accounted for on an acc¥ua15 basis and has b88n dassffied under headings that 31
aggregate all (x)sts rdat8d to the category. ExFendiiure ts recognised where there is a legal or constructive
obligation to make payments to third pattrs. rt is pmbabty that the settlement will be requireil and the amount
of the oNigabon can ba measurgj reliabty. 11 is categortsed under the folhmng heading5.'
Costs of raising fvnds indudes those inuJNed in seeknng volunw ￿ntrIbutior￿ and do not indude the costs
ofthsseminatmg inft>rtion in ofthe dwitable 8thilies;
Ex￿nd￿lre on charitsble actiwties indudes the costs as￿Aated with the oper81ion of the home.and
Other expenditu￿ rep￿Sents those ilems not falling ￿10 the categories above.

VALE HOUSE OXFORD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
A¢¢ountlng poll¢lg4
Icontlnued)
Irrecoverable VAT is chargod as an expens8 agalnsl the athvmy for whlch the expendhure arose.
Support costs are those that assist the work of the charity but do not directly represent charitable activitie8
and Indud8 oifi¢8 costs, govfjmanc8 ￿$ts, administralv8 and payroll costs. They are incurred diredy In
support of oxpènditure on the objects of the charty and indude project management Where support costs
cannot bè dlrectly 8ttribule(I to Particular headings they have been allocal8d lo cost of ral&ng fvtKls and
8xpendllure on Charitable actlvllies on a basls consistént wlth use of the resource8.
1..6 Tanglble fix•d ••99ts
Tangible fixed assets are initially mè#sur8d al c081 a'nd subsequently meawred at tsJ81 or valLratron. nel of
dgpTaciatlon and any Impglrm8nt106808.
Depreaalion is recogniwl so as lo write off Ihg cost or valuakn'on of assets less Ihgir residual v81ues over thwr
U8eful Uv88 on the follo¥thng ba8e8'.
Land
Vole House SandfoTd on Thame8
Equipmanl
4% straighl line
20% straight lin6
The gain or loss 8ri8ing on the disposal of an a88el 18 delemlned a8 the dbfference beWn t￿ 8ale
pr￿edS Bnd thè carrying valu• of th8 a8S&t, and is recognisad in the stat8m•nl of financial acliwtl8S.
1.7 Flx•d •88•t Inve•tment•
Fixed a88el inv#slmenl8 aro Inlll81ty measurod al Ir8ns8¢tlon prtc& 8xcludlng trgnsactlon c0818, and are
8ubséquenlly measured al fair value 81 e8eh reportihg dale. Ch8nge8 In fair value are r8cogni8ed In nel
¢om&ll•xpgndilurel for the year. Transaction costs are exp8nsed a8 Incu￿ed.
Impalmient of flxed a••et•
At each reporting end dale, the Charlty revl8ws the CaTrylng amounts 01115 tangIb￿ ll88ets to delermlne
whalhar th8r8 is any indicatlon that thos8 assets hav8 suff8rgd an impairment tOBS. If any such indication
exists, the recoverable amount of the asset 58 esllmoted In order to determlne the extent of the trnpabmenl
1068 lif any).
1.9 C&8h and ea8h •qulvalonts
C8sh and cash equlvalents inclyde caBh In hand, deposlts held at call wllh banks, other short-term Ilquid
Inv8stmenls wlth ortginal malurits'86 of three months or leÈs, and bank overdraft8. Bank overdrafts are ¥hown
within borrowing5 in current liabilities.
1.10 Flnanclal Instrum•nt•
The Charity has elected lo apply the provi5ion5 of Sec*on 11 'Basic Financial InstNmen15' and Section 12
'Olh8r Financial Instruments18sues' of FRS 102 to all,of its financial instruments.
Finand81 instruments aro r￿QgniSed in th9 Charitys balance Sheet when thg Charity b9come$ party to the
conlradual provisions of the inslrumenl.
Finandal assets and Ilabllf¢les are offset, w￿h the nel amounts presented in the ffinandal statements, when
there is a legally enforceable right lo sel off the recognised amounts and there Is an Intenllon to sellle on
net basis or to Tealise Ihe asset and the liabillty simultaneously.
12-

VALE HOUSE OXFORD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting polititrb
IContlnu•dl
Basic Ilnanclal a$$ets
Ba8k finand81 assel8, whS¢h Include deblor8 and.. c8sh and bank b818n￿8, are InlU81ty m&8sured 8t
transaclbon prlce Includlng transaction costs and are subsequentty carried at amortlsed cost using the
effective interest method unless the arrangemenl constitutes a financlng transadon. where thè Ironsaclion Is
méasured al the present value of the future receipts disvjunled al a market rale of inleresl. Finanrial a$8ets
da8sffied as receivable wlthin one year are not amortised.
4sk fln•n¢lo1 Il•bHIU•¥
Basic flnancial Ilabilltie5. indudlng credltors and bank'loan8 ar8 Inlually recognlsed al Iransadlon prfce un1è88
the arrangemenl conslllules a flnancing Iransactlon,'.wh8re the debt Instrument is measured at the present
value of the luture payments discounlad at 8 market ralo of inteT•St. Finanaal liabiliti88 d8ssifi8d Os payable
w￿h1n one year ar& not amortisgd.
Debt inslrumenl8 are Bubsequenlly carrfad al amortl8ed i>)sl, uslng the effectfve Intsrast rate mèthod.
Trade u&dilors are obligats'on$ to pay for good$ or sgrvices that havg been acquired in the ordinary cour88 of
OP8ralions from 8uppllefS. Amoun18 payable are classmed a8 current Ilablllues If payment is due wllhln one
year or la88. If not, they are Pfesenled a8 nowurrenl118bllilles. Trade credllors are recognlsed In6I8lly at
transaction price and subsequently meayured al amorthsed co8t Using the effective Interest method.
Dere¢ognhlon of flnan¢lal Ilabllltl•s
Flnandal Ilabllltles are derecognisgd whon the Charty'8 ￿￿traCtual obligations expire or are dlscharge(l or
canc8118d.
1.11 Employ•• b•n•flts
Thè c08t of Any unu8ed hollday an￿tlementI8 r8cogn18•d In tha parlod In whlch the employee'8 8erylc8s 8
recalved.
Temilnatlon benefll8 are recogn18e(I Immediately a8 an expen8e when the Charlty18 demon8trabty commltted
lo terminal8 the employment of an employee OT to provide 18rrllinalion b8n8fit8.
1.12 R•tlr•m•nt b•n•fit•
Payments to defined conlribuilon rellremenl benellt sthemes are charged a8 an eX￿n98 a8 they fall due.
13-

VALE HOUSE OXFORD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Criti¢al a¢coun1ing estim•tss and judgements
In the application of the Charity's accounting poliaes, the Trustees are required to make judgements.
estimates and assumptions about the carrying amount of assets 2nd Irabilities that are not readily apparent
from other sources. The estimates aThJ assoaated assumptions are based on histOTical exp9ri&n¢g and Othgr
factors that are considered lo be relevant. Aclu81 re5uEts may dtffer froJn these e51imates.
The estimatas and undarfying assumptions ara reviewed on an ongoing basis. Revlslons to accounting
estimates are reo)gnised in the period in which the estimate is mised where the revision affects only that
period. or in the period of the revision and future periods where the remsion affects both current and fLrtur&
periods.
Key 8our¢e8 of e8timatlon uncertainty
Depre¢iation
Depreciation wa$ ¢akulalgd basgd on the estimated useful economi¢ lfve$ of dlfferenl ¢alegorle$ of fix&d
assets. total depreciation during the year ended 31 March 2024 was £229,530.
Donations and legacieB
Unrnstrlcted Ro8tri¢t•d
lund$
funds
Total Unrestrlctsd
fund8
2024
2024
2024
2023
DonalioJi8 and grft8
Legacies receNable
Grant income
12,579
12.579
6.533
50,723
3,000
3,000
12,579
3,000
15,579
57,256
Incom• from charitabh activiti
Unre8trlcted Regtrlcted
funds
funds.
2024
2024
Totsl Unrejtricted Re8tritted
funds
funds
2023
2023
Total
2024
2023
Fees withln charttable
activities
Other income
2,951,285
337
2.951,285
337
2.730,576
37,651 2,788,227
2,951.622
2.951,622
2.730,576
37,651 2,768,227
14-

VALE HOUSE OXFORD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Income fmm Invetstments
Unrestricted Unrestri¢ted
fund$
lund$
2024
2023
Interest retsivable
13.668
2.849
Raising funds
Unrestslcted unreSt￿ted
nds
funds
2024
2023
Invesbnenl M8nagemenl
216
216
216
216
Charitsble •ctivilie
2024
2023
Wages. salaries and traning
Depreciation aThJ impaimient
Property costs
Food, medical and househ(Ad expenses
2,¢￿5.898 1.934,600
229,530
233,2S1
444,758
313.751
202,649
197,224
2.942.835 2.678.826
Share of supffj costs (see note 8)
Share of y0vemar￿* Costs {sts note 8)
44.496
7,454
2.988.6￿ 2.730,776
Analysis by fund
Unrèstrtde(I hjnds
Reslrthd lunds
2,756,160 2.459.874
232.530
270,9)2
2,988,690 2,730,776
15-

VALE HOUSE OXFORD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Support costs allocated to activiti•9
2024
2023
Office costs
Bank ¢harges
Professional charge5
Staff related costs
Travel and communlc8llon costs
Governance costs
2.144
551
29,458
2,050
4,152
7,500
2,456
638
35.819
1,278
4.305
7,454
45,855
51.950
Analysod bgtween:
Charitable activities
45,855
51,950
Met movement In fund8
2024
2023
The net movement in funds is stated after chargingl{creditingl.'
Fees payable for the audlt of the d)athy's flnandal 8tatements
Depreciation of owned tangible fixed a&8els
7,500
229,530
7,454
233,251
10 Trustees
None of the Trustees lor any persons ojnnecled with Ih¢m) rec4lv¢d any rgmuneralk>n, gxpensgs or bgn&fits
from the Charity during thè year.
Donations mad& by th& chaTty to th6 trustaes in th8 ytar totallèd £nrl12023.. £nill.
11 Employ¢••
The average monthly number of employees during the year was..
2024
Number
2023
Number
Average fvll-time equivalent number of staff
Averag& monthly number of staff
37
78
73
Employment costs
2024
2023
Wages and salaries
1,836.522
1,727.577
16-

VALE HOUSE OXFORD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AIARCH 2024
11 Employ••8
(Conllnugdl
Swal securrty costs
Other pension costs
159,782
69,594
151,345
55.678
2,065.898
1,934,6thJ
The number of emptoyges whose annu￿ remun8ration was £60.0(KJ or more
were=
2024
Hum￿r
2023
Number
£60,OC#)- É70.Crf)O
12 Gains and lo￿9 on InvestThnls
UnrÈstrlct•d Unr•strict•d
funds
funds
2024
2023
Gainsl(Ios8e3} arising on:
Revaluation of inveslments
{30,203}
13 Taxadon
The charity Is exeffpt from laxation on lis aiivitses because au rts in￿e is applEd for charitable purp05e&
14 Tanglbl• flx•d assets
Valo House Equlwrn
T4)ts1
Cost
At 1 April 2(r23
Additions
5.361.553
444,418 S,605,971
28.270
28,270
At 31 Marth 2024
5.361.553
472.688 5,834,241
Dgpreciation and Impalm￿nt
At 1 April 2023
Deprecsalion tharged in the year
1.855,4CQ
186,C
351.980 2,207,380
43,530
229.530
Al 31 Mar¢h 2024
2.041,400
395,510 2,436,910
Carrylng amounl
At 31 Marth 2024
3.320,153
Tl,178 3,397,331
At 31 March 2023
3,51￿,153
92.438 3.598,591
17-

VALE HOUSE OXFORD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
14 Tangible fixed auets
(COn￿n￿dI
The Carrylng value of land at va￿ House Sandford on Thames is..
2024
2023
Freehold
723,084
723,064
16 Frxod ••8•t InV￿lMOnts
Ll8t•d
Inv••tm•nts
Coot or valuotlon
At 1 AprS12023
Valu81ion changes
342,567
7,464
Al 31 March 2024
350,031
Carrylng amount
Al 31 March 2024
350.031
At 31 March 2023
342,567
2024
2023
Investmènts at f8ir valua comprlse:
Equilies
Bonds
Property
Hedge Funds
Cash
CommodiJes
130,662
177,180
11,528
19,757
6,783
4,121
119,952
176,383
29.557
8.375
6,703
1,597
350,031
342,567
18-

VALE HOUSE OXFORD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
16 Debtorn
2024
2023
Amounts falllng due wlthln ono y••r:
Trade debtors
Prepayments and acuued income
31,606
32,417
71,490
24,447
84.223
95.937
17 cr￿lt0￿.. amounts falllng du• wlthln on• year
2024
2023
(Aher laxalion and sodal 8ecurrty
Trada Cfedltors
Other cr8dStors
A￿ru318 and deferTeil Income
38,887
182,220
110
43,261
34,297
123,842
110
33.296
264,258
191,545
18 R•tlr•m•nt bon•flt •chomo•
2024
2023
D￿ned contrlbutlon •ch•m••
Charge lo profil or1088 in respect of dgfined conlrlbulbn $¢h&m•s
59,366
53,1C6
The Ch8rlty op•r8t•8 a defined contrfbullon pen8ion 8chèm& lor all qualrfySng employee8. The a88ets of the
8cherne are held separately from those of the Charrty In an Inde￿ndantlY admlnl$tgT¢d lund.
19 Rè*trl¢t•d fvnd•
The re5tr1cted funds of th8 charlty comprise the une)(pended bo18nce8 of donatlon8 And grant8 held on Iru$l
subject lo specAfic condition5 by donors as lo how they may be used.
At l Aprll
2023
Incomlng
rn8ourc••
Ro8ourcu At 31 Morch
0X￿nd•d
2024
BuAding Funds
Rgcruitmenl Grants
483,352
(229,530)
13,000)
253.822
3.OCQ
483.352
3.0
{232,5301
253,822
19-

VALE HOUSE OXFORD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
19 R￿tr￿ted funds
Iconlinuodl
Previous year.
At 1 April
Incoming
2022 resources
Resources At 31 March
expended
2023
Building Funds
Govemmant Grant
716,603
(233,2511
(37.651)
483,352
37.651
716,603
37.651
[270,￿2)
483.352
Building Funds - Funds T￿sed for the Vate H￿se building. Amounts to be used on burfding costs such as
depreaalion of existing assets.
Recruitment Grants - Funding fr￿n Oxfordshire County Counul and Oxfordshire Assoaation of Care
Providers for staff reC￿rtment All expended during the year.
Unrestrlcted funds
The unrestricted funds of the charity comprise the unexpendad baLan(*s of donations and grants whith are
not subject to spoafic conditions by donors and gTantors as to how they may be used. These indude
designated fund5 which have been set aside of unrestsicted funds by the trusiees for speafic purposgs.
Al 1 Aprfl
2023
kn¢oming Resour￿9
ourres
expended
Galn¥ and At 31 March
1055es
2024
General funds
4.099.937
2.977.869
12.756.376)
4,328,894
Prevlous year.
Al 1 Aprll
2022
Incoming
R#$our¢os
expended
G•ln$ and At 31 Plarch
2023
General funds
3.799.549
2.790.681
(2.460.090)
(30.203)
4.099,937
21 Analysis of net assets between funds
Unr¢stricted Restricted
fund$
funds
2024
2024
Total
2024
At 31 M#r¢h 2024:
Tangible assets
Investmenis
Current assetslOlat41itwl
3.143,509
350.031
253,822
3,397.331
350.031
835,354
4.328.894
253,822
4,582,716
-20-

VALE HOUSE OXFORD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
21 Anatysls of net assets between funds
(Contlnued)
Unrestrictsd Rwtricted
fi4nd$
fund5
2023
2023
Total
2023
At 31 March 2023:
Tangible ass8ts
Investments
Current assets1oiabilil￿s}
3.115.239
342.567
642,131
483.352
3,598,591
342.567
642,131
4,¢J99,937
483,352
4,583,289
Relaled party transactlons
Transa¢ti¢ns with related partSes
During the yeaf the Charity had no transadb)ns with Telated partie
23 Ca$h genernted from op•ration
2024
2023
(Deficitllsurpus for the year
{5731
67,137
Adjustments for
Invèstment in(x)me r8ci¥Jnised in stslement of financial actiwlie5
Fair value gains and ￿)￿S on investsnents
Depreciation and impairmenl of tangible fixed assets
(13,6881
(7.4641
229.530
12.8491
30.203
233,251
Movements in worknng capiial:
Decrease in debtors
aselldecrease) in credrtors
31,714
72,713
11.436
(33,1451
Cash g•ngratsd frnrn operations
312,252
3C6,033
24 Analys1$ of changès in netfvnd•
The Charrty had no material debt during the year.
21