Company registration number.. 01992759 Charity registration number.. 517478 Northern Counties Eventide Home Limited ,(A company limited by guarantee) ,.nnua.1.RIePort.ad Financial Statements for the Year Ended 31 March 2024 KM Chartered Accountants I st Floor, Block C The Wharf Manchester Road Burnley Lancashirc BBII IJG A0903WF 0710812024 COMPANIES HOUSE A18
Northern Counties Eventide Home Limited Contents Reference and Administrative Details Trustees, Report 2to5 Independent Examiner's Report Statement of Financial Activities Balance'sheet Statement of Cash Flows Notes to the Financia,l.Siatements Ioto 16
Northern Counties Eventide Home Limited Reference and Administrative Details Chairman Dr P G Barton Truslees Dr P G Barton Mr P G Cooper MrFGParr Mr D Singer Mr P G Cooper Secretary Principal Office 36 Lancasier Road Birkdale Southport Lan¢a5hire PR8 2LE Regtstered Office 36 Lancaster Road Birkdale Souihport Lancashire PR8 2LE Company Registration Number 01992759 Charity Registration Number 517478 Bankers Royal Bank of Scotland 269 Lord Street Southport Lancashire PR8 IPH Independent Examiner KM Cliartered Accountants I st Floor, Block C The Wharf Manchester Road Burnley Lancashire BBII IJG Page I
Northern Counties Eventide Home Limited Trustees, Report The trustees, who are directors for the purposes of company law. present the annual report together with the financial statements of the charitable company for ihe year ended 31 March 2024. The Company is l imiled by guarantee and registered with the Charity Commission with a Charity registralion number of 517478. Th¢ Company registration number is 01992759, Trustees Dr P G Barton Mr P G Cooper MrFGParr Mr D Singer Objectives and activities The Charity's sole objective and activity is to operate a home which provides residential and dementia care. The home operates using the name ' Evenlide, and it has been located in the residential area of Birkdale. Souihport since 1961. Evenlide is registered with the Care Quality Commission (the 'CQC'). The home originally caille into being at the initiative of a group of interested Christians and it retains its strong Christian ethos. Its inspiration and values are therefore derived from the Christian faith, It is anlicipaied thai the Charity will continue to seek to provide the highest standard of care possible and meet all relevant regulatory requirements. Achievements The home has ¢onlinued to provide an environment conducive to meeiing both physical and spiritual needs of all residents. Evenlide's residents include both permanent residents and those staying on a short term basis for Ihe purpose of respite care and convalescence. During the year under review, the number of permanent residents averaged 19 and 15 people benefitted from respite care. There have been many challenges in the care home sector in recent years and the home is not immune from those. In addition residents are increasingly dependent and frail. Eventide has however continued to provide quality care and strives to achieve the highest rating from the CQC, The home continues lo be maintained to high standards as funds permit. A range of activities has been provided for residents during the year under review within the home and its grounds and also using Eventide's minibus. Residents participate as able. Limitation5 on family and other visitors have been lifted during the year. Eventide is reliant upon ihe efforts of its employees who are highly committed and the home is hugely indebted to its employees for their efforts in recent year5 in deal ing with the challenge of the Covid 19 pandemi¢. Publlc benellt The trustees have considered guidance issued by the Charity Commission on public benefit in deciding what activities the charity should undertake. Consequently. in recognising the principles of the philosophy, in the course of the year under review, the charity has reduced fees, at a cost to the charity. This al lows a number of residents to remain in the home regardless of their ability to supplement the Local Authority payments. The trustees confirni that they have complied with the requirements of section 4 of the Charities Act 201 I to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Page 2
Northern Counties Eventide Home Limited Trustees, Report Finaneial review The Charity returned a surplus of £53.103 for the year ended 31 March 2024 (2023.. deficit of £63,824). Funds ai the balance sheet dale amounted to £570,648 in property (2023.. £569,796), with general fund5 in surplus amounting to £25.929 (2023: deficit of £26,322). The Charity's home was last valued for the purpose of the financial statements in 2017 and further details given in note I I to the financial statements. It 15 the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to three months, expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, as a result of reduced occupancy levels or unplanned maintenance costs, they wil I be able lo continue the Charity's current aclivilies whi le consideration is given to addressing additional fund ing. The level of free reserves at 31 March 2024 was £25,929 (2023.. £Nil) which is below the iarget. The Iruslees wil l endeavour to increase reserves in the comiiig year. Going Concern The Charity had net current assets of £25,929 at 31 March 2024 {2023'. net currenl l iabililies of £26,322). The trustees exercise close financial management of the charity and note the following.. Unrestricted donations of £48,752 have been received during the year under review with further gifts of £971 received between l April 2024 and 30 June 2024. The increase in occupancy noted last year has been sustained and significant fee increases have been implemented. At the same time, income from respite care has increased from £16,488 in the year ended 31 March 2023 to £36,888 in the year ended 31 March 2024. In addition the trustees are continuing to seek grant funding to cover the cost of outstanding repairs and improvemenls. For these reasons the accounts have been prepared on a going concern basis. Structure) governance and management The trustees are committed to good governance and to maintaining Ihe highest standard5 of integrity in all the Company's activities. Page 3
Northern Counties Eventide Home Limited Trustees, Report Organisational strueture ind decision making The trustees met on seven occasions during the year under review and a formal agenda, together with supporting papers, was circulated in advance of each meeting. All such meetings were held using Zoom. The General Manager is Miss E Barr and she is supported by the Care Manager (Miss K Gorton) and other members of staff. Both have extensive experience appropriate to their respective roles and attend the frustee meetings. Matters considered at such meetings include'.- l . Review of financial reports including the annual financial statements; 2. Consideration of a report from the General Manager on a wide range of operational matters. 3. Annual salary and fee reviews 4. Succession planning. and 5. The strategic direction of the Company. Potential new trustees with expertise in relevant areas are appointed based on recommendations made by the existing trustees through Iheir contacts within the Christian Brethren. Induction and Iraining for new trustees is undertaken as is deemed necessary by the serving trustees. The Charity is supported in HR marters by Cornerstone Resources Limited and its accounts processes are largely outsourced lo Simplysolved. Payroll processing is dealt with by another third party supplier. Major risks and management of those rlsks De¢i5ion Making The trustees delegate the day-lo-day management of the operational activities to the General Manager and the other local pemanent staff, none of whom are trustees. Staff are subject to the overall supervision of the trustees. There is a proce55 whereby trustees make periodic inspection vi51ts in addition to any visits in connection with formal meetings. Employees receive regular mandatory and non-rnandatory training with the majority of staff exceeding Ihe level of qual ifications required by legislation. Major risk and management of those risks The trustees have assessed the major risks to which the Charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. These risks mainly relate to Ihe health of ihe residents, the availability of the home and staff, and the wider policy issues affecting the sector. Risks are additionally monitored during supervisory visits and are covered by the system of regulatory inspections that apply to residential homes as a result of registration with. the CQC. Page 4
Northern Counties Eventlde Home Limited Trustees, Report Webslte The Charitys website address Ys www.eventidecaTehom&co.uk and a range of infonnation about the Charity is conlained there. This includes the latesi CQC report. Small Companles provlslon sta¢en*Dt This report has bcen pr¢parcd in acwdance with the small compaoics rcgijne under thc Companics Act 2006. The annual report was approved by the tte¢S of the charity on 12 July 2024 and signed on its behalf by: BartoJJ ainnan nslec Page 5
Northern Counties Eventide Home Limited Independent Examiner's Report to the trustees of Northern Counties Eventide Home Limited I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2024 which are set out on pages 7 to 16. Respective responsibilities of trustees and examiner As the charity 5 trustees of Northem Counties Eventide Home Limited (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 {'Ihe 2006 Aci,). Having satisfied myself that the accounts of Northern Counties Evenlide Home Limited are not required to be audited under Part 16 of rhe 2006 Act and are eligible for independent examination, I report in respect of my examination of your.charity's a¢count5 as carried out under section 5 45 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Cornmission under section 145(5)(b) of. the 201,1 .Act. Independent exami'ner's statement Since Northern Counties.'Eventide Home Limiled's gross in¢ome exceeded £250,000 your examiner must be a member of a.body listed .in..section 145 of the .2011 Act. I confirm that l am qualified to undertake Ihe examination. because l am a member of the Association of Charity Independent Examiners, which is one of the listed bodies. I have completed.my exam,ination. l Gonfim that no matters have come to my attention in Connection with the examination.giiiing me.cause to believe.. accounling'¥ecords were not kept in respect of Northern Counties Eventide Home Limited as required by section 386 of the 2006 Act; or 2. the accounts.do not accord.w,ith ,those records-.or 3. the accounts.do not comply with the accounting requiremenls of secrion 396 of the 2006 Act other than any requirement thal.the accounts,give a 'true and fair view, which is not a matter considered as part of an independent.'examination or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities lapplicable to cliarilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (fRS 102)]. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts lo b¢ reach¢d. Mark Heaton FCCA FCIE DChA KM I st Floor, Block C The Wharf Manchester Road Burnley Lancashire BBII IJG 12 July 2024 Page 6
Northern Counties Ei ventide Home Limited Statement of Financial Activities for the Year Ended 31 March 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Total 2024 Unrestricted funds Total 2023 Note Income from: Donations and legacies Charitable activities 48,752 835,273 48,752 835,273 19,599 728,688 19.599 728 688 Total income 884,025 884 025 748,287 748,287 Expenditure on: Charitable activities (830,922) (830,922) Total expenditure Net incomel(expenditure) (830,922) 830.922 (812,11 53,103 53,103 63.824) (63,824 Net mo.vement in funds,, 53,103 53,103 (63,824) (63,824) Reconciliation'of funds Total funds brought forward Totalifunds carried forward 543,474 543 474 607,298 607,298 15 596,577 596,577 543,474 543 474 All of'thdeharity's paetivilies derive from continuing operations during the above two periods. The funds breakdown ,for 2024 and 2023 is shown in note 15, Page 7
Northern Counties Eventide Home Limited (Registration number: 01992759) Balance Sheet as at 31 March 2024 2024 2023 Nole Fixed assets TaDgible ossets 570,648 569,796 Current 4JJets Debtors Cash at bank and ID baDd 12 23.933 69,055 14,011 41.229 92.988 55,240 Credltors: AmouDls falllDg due wlthln one year 13 67.059 Net eurrent assetsl(IIAblltdes) 25,929 26,322 Net assets 596,577 543.474 Funds of the chgrlty: UDreBtricted income fuo Unrestricted fimds 596,577 543,474 Total funds 15 596,577 543,474 For the fAttancAal year euded 31 March 2024 the cberity was cntitlcd io excmption from audit under section 477 of thc Compaoie5 Act 2006 relating to srnall companies. Directors, responsibilities: The members hav¢ no¢ r¢quir¢d the cbwity to obtain an audit ot its accounts for th¢ year in quesrion in accordan with $tIOn 476; and The directors a¢knowl¢dge th¢ir r¢spon8ibilities for complying with the ttquiremcnts of the Act with icspccl to arKountin8 r¢cords •nd thr pryraiion of accoullts. These accounts havc been prepared in accordance with the provisions applicable to companies subject to the small companies regime. Th¢ financial stalements on pages 7 to 16 were approv¢d by the tnte¢s. and authorised for issue on 12 July 2024 on their bchalf by: on Chaimian and Page 8
Northern Counties Eventide Home Limited Statement of Cash Flows for the Year Ended 31 March 2024 2024 2023 Note Cash llows from operating Activities Net incomel(expend iture) 53,103 (63,824) Adjustments to cash flows from non-cash items Depreciation 95 53,198 (63,824) Working capital adjustments Increase in debtors (Decrease)lincrease in creditors (other than deferred income) (Decrease)lincrease in deferred income 12 (9,922) (9,590) 4,913 (5,636) 6,187 9,784 Net cash flows from operating activities 28,773 (53,489) Cash flows from investing aetivitie$ Purchase of tangible fixed assets Net increase/(decrease) in cash and cash equivalents 947) 27,826 (53,489) 94,718 Cash and cash equivalents opening balance 41,229 Cash and cash equivalenrs closing balance 41,229 All of Ihe cash flows are derived from continuing operations durin8 the above two periods. Page 9
Northern Counties Eventide Home Limited Notes to the Financial Statements for the Year Ended 31 March 2024 Charity status The charity is l imited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £ I towards the assets of the charity in the event of l iquidation. The address of its registered office 15.. 36 Lancaster Road Birkdale Southport Lancashire PR8 2LE The principal place of business IS: 36 Lancaster Road 8irkdale Southport Lancashire PR8 2LE These financial statements were authorised for issue by the trustees on 12 July 2024. 2 Aecountlng poll¢ies Summary of significant atcounting polieies The prin¢ipal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistenlly applied to all the years presented, unless otherwise slated. Statement of compliance The financial slalements have been prepared in accordance with Accounling and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They a150 comply with the Companies Act 2006 and Charities Act 2011. Basis of preparation Northern Counties Eventide Home Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. Going concern The financial statements have been prepared on a going concern basis. The Irustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to event5 or conditions that may cast significant doubt on the ability of the charity to Continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial slalements. Factors relating to the trustees, assessment are noted in the trustees, report. Page 10
Northern Counties Eventide Home Limited Notes to the Financial Statements for the Year Ended 31 March 2024 Income Al l income is recognised once the charity has entitlement lo the income, it is probable that the income will be received and the amount of the income receivable can be Ineasured reliably. Deferred income Fees for residential care are invoiced in advance on a four-weekly cycle. Amounls invoiced for future periods are included within deferred income at balance sheet dates and are released to incoming resources in the period for which they have been invoiced. Deferred income further includes fees for the provision of residential care received in cash in advance of invoice. Expenditure All expenditure is recogni5ed once there is a legal or constructive obligation to ihat expend iture, it is probable settlement is required and Ihe amoui)I can be measured reliably. All costs are allocated lo the applicable expenditure heading that aggregate simi lar costs to (hat category. Chariiable expend iture comprises those costs incurred by the charity in the del ivery of 115 activilies and services for ils beneficiaries. It includes both costs that can be allocated directly lo such activities and those cosls of an ind irect nature necessary lo support thein. Covernance Costs These include the cos15 attributable to the charity'5 compliance with constitutional and statutory requirements, including independent examination, strategic management and trustees, meetings and reimbursed expenses. Thxatio The charity is considered to pass Ihe tests set out in Paragraph I Schedule 6 of the Finance Acl 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordinglyj the charity is exempt from laxation in respect of income or capital gains received within categories covered by Chapter 3 Part I l of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent thal such income or gains are applied exclusively to charitable purposes. Tangible fixed assets Individual fixed assets costing £500 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Depreciation Depreciation is provided on tangible fixed asseis so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows: Asset class Long leasehold property Pixtures and fittings Motor vehicles Depreciation rnethod and rale Not depreciated I 00/0 on reducing balance 250/0 on reducing balance Page 11
Nortbern Counties Eventide Home Limited Notes to the Financial Statements for the Year Ended 31 March 2024 Fund structure Unrestricted income funds are general funds that are available for use at the trustees, discretion in furtherance of the objectives of the charity. Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees. Pensions and other post retirement obligations The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does nol hold sufficient assets to pay all employees the benefits relating to employee service in the current arbd prior periods. Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribul'ion payments exceed the contribution due for service, the excess is recogn ised as a prepayment. 3 Income from donations and legacies Unrestricted funds Total 2024 Total 2023 Ceneral Donationtr from.individuals 48.752 48,752 19,599 4 Income from eha rltable activities Un restricted funds Total 2024 Tota I 2023 Ceneral Provision of residential care 835,273 835,273 728,688 S Expendltu re on eharita ble aelivilies Unrestrlcled funds Total 2024 Total 2023 General Note Residential care Depreciation of fixed assets Staff costs Governance costs 223.893 95 586,122 20,812 223,893 95 586,122 20,812 255,301 535,223 21,587 830.922 830,922 Page 12
Northern Counties Eventide Home Limited Notes to the Financial Statements for the Year Ended 31 March 2024 6 Analysis of governance and support costs Unrestricted funds Total 2024 Total 2023 General Independent examiner's fees Payroll and bookkeeping fees 2,625 18,187 2,625 18,187 2,500 19,087 20,812 20,812 21,587 7 Trustees.remuneratlon.and expenses No trustees, 'iior any persons connected with them, have reteived any remuneralion from the charity during the year. No trustees have recei,ved any reimbursed expenses or any other benefits from the charity durin8 the year. 8 Staff costs The aggregate payr.oll c051$ were as follows.. 2024 2023 Staff costs during the'year were: Wages and salaries Social security costs Pension costs 536,327 37,812 11,983 490,088 33,902 11,233 586.122 535,223 The monthly average number of persons (including senior management team) employed by the charity during the year expressed'as full lime equivalents was as fol lows.. 2024 2023 No Charitable activities 30 28 No employee received emoluments of more than £60,000 during the year. Page 13
Northern Counties Evelltide Home Limited Notes to the Financial Statements for the Year Ended 31 March 2024 9 Independent examiner's remuneration 2024 2023 Examination of the financial statements 2.625 2,500 10 Taxation The chariry is a registered charity and is therefore exempt from taxation. I l Tangible fixed assets Land and buildings Furniture and equipment Motor vehleles Totgl Cost or valuation At l April 2023 Additions 569,796 7,980 947 37,964 615,740 947 At 31,March 2024 569,796 8,927 37,964 616,687 Depreciation At l April 202J' Charge for the year 7,980 95 37,964 45,944 95 At 31 March 2024 ,075 37,964 46,039 Net book value At 31 March 2024 569,796 852 570,648 At 31.M8rch 2023 569,796 569,796 Revaluation Land and buildings comprise a leasehold property with a lease of 999 years from l January 1904. This was revalued on 13 June 2017 at £550,000 by Fitton Estates, independent specialist estate agents of Southport, Mer5eyside and this revaluation is reflecied in the accounts. Had this class of asset been measured on a historical cost basis, the carrying amount would have been £492,066 (2023 - £492.066). Page 14
Northern Counties Eventide Home Limited Notes to the Financial Statements for the Year Ended 31 March 2024 12 Debtors 2024 2023 Trade debtors Prepayments 21,950 1,983 12,448 1,563 14,011 23,933 13 Creditors: amounts falling due within one year 2024 2023 Trade creditors Other taxation and £OGial security Other creditors Accruals Deferred income 8,152 9,651 4,838 7,368 37,050 67,059 12,818 7,331 2,053 17,397 41,963 81,562 2024 2023 Deferred ,income - brought forward Resources.deferred'.in the period Amounls'..released .from previous periods Deferred income - carried..forward 41,963 5,559 10,472) 32,179 10,472 (688 37,050 41,963 14 Pension and other schemes Defined contrlbutlon pension scheme The charity operates a defined contribution pension scheme. The pension c05t charge for the year represents conlributions payable by the charity to the scheme and amounted to £11,983 (2023 £11,233). Contributions totalling £2,248 (2023 £2,036) were payable to the scheme at the end of the year and are included in creditors. Page 15
Northern Counties Eventide Home Limited Notes to the Financial Statements for the Year Ended 31 March 2024 15 Funds Balance at I April 2023 Incoming resources Resources expended Balance 9¢ 31 March 2024 Unrestritted funds General 465.744 884,025 (830,922) 518.847 Revaluation reserve 77,730 77,730 Total funds 543,474 884.025 830,922) 596,577 Balance at I April 2022 Incoming resou rces Resou rces expended Balance at31 March 2023 Unrestricted funds General 529,568 748,287 465,744 Revaluation reserve 77,730 77,730 TolAI funds 607,298 748,287 543,474 16 AnAlysis of net assets between funds Unrestricted fuiid$ Ceneral Designated Total funds Year Ended 31st March 2024 Tangible fixed assets Current assets Current liabilities 492,918 92,988 (67,059) 77,730 570,648 92.988 (67,059) Total net a55et5 518,847 596,577 Unrestricted funds General Designated Total fund$ Year Ended 31st Mareh 2023 Tangible fixed assets Current assets CUent liabilities 492,066 55,240 (81,562 77,730 569,796 55,240 (81,562) Total net assets 465,744 543,474 Page 16